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:
“It amazes me when I hear any person prefer blindness to deafness. Such a person must have a terrible dread of being alone. Blindness makes one totally dependent on others, and deprives us of every satisfaction that results from light.”
—Horace Walpole (1717–1797)
“Being a parent is unlike any previous job—the results of any one action are not clearly visible for a long time, if at all.”
—Anonymous Mother. As quoted in Between Generations by Ellen Galinsky, ch. 2 (1981)
“Different persons growing up in the same language are like different bushes trimmed and trained to take the shape of identical elephants. The anatomical details of twigs and branches will fulfill the elephantine form differently from bush to bush, but the overall outward results are alike.”
—Willard Van Orman Quine (b. 1908)