Reserve Data Analysis, Inc. Welcome to the RDA Midwest Regional Headquarters, Minneapolis Reserve Study Experts: More than 35,000 Reserve Studies for over 9,000 clients since 1983
What are Reserves? Reserves are the money an association accrues over time to pay for future repairs and replacements of community assets. A Reserve Study is an in-depth analysis of the association's physical components together with an evaluation of your accumulated reserve savings and long term funding plan. Among other things, a Reserve Study provides a fiscally responsible plan which allows you to make small monthly contributions to your reserve account in order to have sufficient funding available when each asset needs to be repaired or replaced. Special assessments, which are often substantial and usually unfairly apportioned, are no longer required each time an asset needs replacement. And there's no guessing as to how long a component will last or how much it will cost.
In addition, your RDA Reserve Study provides: ● A comprehensive analysis of your operating guidelines and other governing documents to help you determine the full extent of your maintenance and reserve funding responsibilities.
● A detailed and complete inventory of all assets for which the association is responsible. .
● A complete collection of detail reports for each asset showing placed in service date, useful life, replacement year, quantity, unit cost, percentage replacement, current cost, future cost, accumulated reserves, salvage value, required monthly contribution to reserves, accumulated interest, net monthly allocation, and remarks detailing factors such as design, manufacture quality, usage, exposure to the elements and maintenance history.
● A long-term budgeting guide providing highly-accurate thirty-year projections listing total current replacement costs, annual membership contributions, annual expenditures, projected and ideal ending reserves and yearly percentages of ideal funding. In addition, color graphs make the projected data easy to read and use for planning purposes.
● A payment plan which enables your association to satisfy its financial obligations with the lowest possible monthly contributions to reserves. Adequate funding and low association fees.