Understanding these distinctions helps property managers and Boards of Directors plan budgets responsibly, ensure compliance with Reserve Study recommendations, and avoid misusing Reserve Funds. A clear separation also ensures that funding plans remain fair, steady, and fiscally responsible.

Without question, after 11 years as a Reserve Specialist and over 1200 Reserve Studies prepared, I can promise any community that the least expensive path to managing Reserve Projects is to do so with a regularly updated, professionally prepared Reserve Study.