View Image

Are you responsible for creating the reserve study for your homeowner's association? Do you want to check the numbers provided to you by your management company?

Do you want to experiment with different numbers in order to see if you can reduce your monthly homeowner association fees? If you said 'yes' to any of these questions, this reserve study software is for you!

Lucid Reserve Study is an application created to help you manage your finances.

FEATURES:

Reserve Summary Information:
· Enter information about your homeowner's association in order to determine your total reserve dollars.
· Enter Fiscal Year Ending Date
· Enter the anticipated rate of inflation
· Enter the anticipated percentage of return for invested reserve money
· Enter the Reserve Balance at the beginning of the year
· Enter the the anticipated annual reserve contribution (use the supplied calculator)
· Enter the number of houses or units that will be maintained and assessed
· Please refer to the Reports section for detailed information on the available reports
· Calculate Annual and Monthly reserve contributions: Use the handy calculator to see how much money will be placed in the reserves per month and for the year.
· Based on monthly assessments, calculate how much of the monthly dues will be placed in the reserve fund
· Calculate an estimated minimum monthly dues payment based on projected expenses and reserve study requirements

Reserve Detail Information:
· Enter detailed information for each expenditure that the association will encounter for the 30-year period.
· Enter the internal Account Number and Component Description for each maintenance item
· Enter the anticipated Replacement Cost based on today's dollars
· Enter the Year that the item was first installed or last replaced
· Enter the anticipated Life Expectancy of the Component in years
· The Estimated Years Remaining will be automatically calculated based on the year the Component was put into service and the Component Life Expectancy
· When a Component is first added, the user may specify the sort sequence for use in the reports
· Please refer to the Reports section for detailed information on the available reports
· Expense Item Information: Enter detailed information for each recurring expense that the association will encounter for the current fiscal year.
· Enter the internal Account Number (optional) and Expense Description for each expense item
· Indicate the frequency of the expense (monthly, yearly, etc.) so that monthly and yearly totals can be calculated
· Please refer to the Reports section for detailed information on the available reports

Additional Features:
· Additional product features are available through Lucid Enterprises Computer Consulting services.
· Reports: Several reports are available that may be viewed, printed or exported to Microsoft Excel