Results
There are three results from a Reserve Study: 1) A listing of the major assets of the association to be funded through Reserves, their expected Useful Life, Remaining Useful Life, and Current Replacement Cost (yielding the "scope and schedule" of your Reserve projects). 2) An evaluation of the current strength of the Reserve Fund (commonly expressed as "Percent Funded"). 3) A recommended multi-year Reserve Funding Plan.
Read more about this topic: Reserve Study
Famous quotes containing the word results:
“The study and knowledge of the universe would somehow be lame and defective were no practical results to follow.”
—Marcus Tullius Cicero (106–43 B.C.)
“In the works of man, everything is as poor as its author; vision is confined, means are limited, scope is restricted, movements are labored, and results are humdrum.”
—Joseph De Maistre (1753–1821)
“Pain itself can be pleasurable accidentally in so far as it is accompanied by wonder, as in stage-plays; or in so far as it recalls a beloved object to one’s memory, and makes one feel one’s love for the thing, whose absence gives us pain. Consequently, since love is pleasant, both pain and whatever else results from love, in so far as they remind us of our love, are pleasant.”
—Thomas Aquinas (c. 1225–1274)