Reserve Data Analysis, Inc. Welcome to the RDA Midwest Regional Headquarters, Minneapolis
Reserve Study Experts: Tens of thousands of reserve studies since 1983.
What are Reserves? Reserves are the money an association accrues over time to pay for ongoing wear and tear of community assets that inevitably must be refurbished or replaced.
A Reserve Study is an in-depth analysis of the association's physical components together with an evaluation of your accumulated reserve savings and ongoing 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.
A Comprehensive Scope RDA Reserve Study provides: ● An analysis of your governing documents and other operating guidelines 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.