What you need to know about the new Reserve Study Requirements
When:
Tue Jun 22, 2021 6:30pm – 9:30pm Eastern Time – New York
Where:
https://us02web.zoom.us/w/86853871366?tk=9oE_3DF7kAuVutPP5j2_FI8umnpkW5O1xUryofrtRec.DQIAAAAUOOTnBhZ4bGVKczk3ZFJUNjRqR1ZjU0lYa1l3AAAAAAAAAAAAAAAAAAAAAAAAAAAA&pwd=dXZucm5wNWEyNjJ3dHZpejhqOTNwQT09&uuid=WN_orjkf7FvQ6CZwU-fdf6ItA (map)

Who:
holmesdelegate23@gmail.com – Organizer

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Passcode: 018293
Description: Maryland law requires that community associations accumulate funds towards future replacements. The idea behind this is for owners in a community to
contribute their fair share of the cost to maintain the community infrastructure.
Since most residents remain in communities for relatively short periods of time, this system, when fairly implemented, prevents any one group of residents at a specific time from bearing a disproportionate share of the cost of major
replacements.
A reserve study is a budget planning tool that identifies items to be included in the reserves, estimates their replacement cost and remaining service life, and calculates the annual contributions needed to fund the projected expenditures.
The reserve study consists of two parts: the physical analysis and the financial analysis.

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