All McCaffery Reserve Studies are professional and easy to understand. All 3 types contain a reserve study preface and glossary, executive summary, component listing, component normal and estimated remaining life, estimated current and future repair and replacement costs, recommended reserve balance at fiscal year end, percentage of actual cash verses recommended, recommend annual reserve contribution, thirty year funding plans, thirty year estimated annual component expenses, thirty year balance projection graph, thirty year projected annual expenditures graph and individual component details.
For all types of reserve studies MRC also evaluates at the association’s current financial standing and funding plan and takes into account reserve projects that the association has completed and is planning. We also welcome any and all input the board or mangers have to offer that may improve the accuracy of the study.
The following describes the difference in the 3 levels of service: