The document discusses when and why a reserve study for a community association should be updated. It notes that a reserve study is useful for around 5 years, and should be updated when the condition of building components changes, or the financial status of the association changes significantly. The type of reserve study needed depends on how long it has been since the last study and the extent of any changes. Level I studies provide the most comprehensive new data, while Level II and III focus only on changes. Keeping the reserve study and funding plan up to date helps the association better plan its long-term maintenance and replacement costs.
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The document outlines the process and components of a reserve study proposal for a property. It discusses conducting a physical analysis of the property and financial analysis. The proposal would set the parameters of the study by defining what components are and aren't included. It describes conducting an on-site evaluation, estimating replacement costs and life cycles of components, and providing a 30-year financial schedule with options for updates and client review. The study would follow CAI national standards and exclude evaluations of hazardous materials or code compliance issues.
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This document discusses reserve studies for homeowners associations. A reserve study is a financial planning tool that helps associations anticipate and prepare for major repair and replacement projects. It includes a physical analysis of reserve-funded assets and a financial analysis for current and future planning. The proposal outlines the scope of services, which involves visually assessing components, determining replacement costs and lives, reviewing existing financials, compiling an inventory, and providing a funding plan. The study period is typically 30 years and is updated every 3-5 years. The funding method combines the cash flow and full funding methods to eliminate weaknesses of a single approach.
Report of the 42nd meeting of the CEOS (Committee for Earth Observation Satellites) Working Group on Information Systems and Services (WGISS), hosted by the European Space Agency, ESRIN, in Frascati, Italy, 19-22 September 2016
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Why is RoI from sustainability important to the sports industry? We are extending our pilot study- here are more details about the research and how you can get involved
The Reserve Study Proposal - Function and PurposeUSI Commercial
The document outlines the process and components of a reserve study proposal for a property. It discusses conducting a physical analysis of the property and financial analysis. The proposal would set the parameters of the study by defining what components are and aren't included. It describes conducting an on-site evaluation, estimating replacement costs and life cycles of components, and providing a 30-year financial schedule with options for updates and client review. The study would follow CAI national standards and exclude evaluations of hazardous materials or code compliance issues.
The document provides information for supervisors about an Employee Assistance Program (EAP) offered by Business Health Services, including what an EAP is, who pays for services, reasons an employee may use it, types of issues it can address, and how to make referrals. It explains that EAPs provide free and confidential counseling and resources for employees and their families to help with personal or work issues. The EAP offered aims to improve employee and employer outcomes through increased wellness, productivity and reduced costs.
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This document discusses reserve studies for homeowners associations. A reserve study is a financial planning tool that helps associations anticipate and prepare for major repair and replacement projects. It includes a physical analysis of reserve-funded assets and a financial analysis for current and future planning. The proposal outlines the scope of services, which involves visually assessing components, determining replacement costs and lives, reviewing existing financials, compiling an inventory, and providing a funding plan. The study period is typically 30 years and is updated every 3-5 years. The funding method combines the cash flow and full funding methods to eliminate weaknesses of a single approach.
Report of the 42nd meeting of the CEOS (Committee for Earth Observation Satellites) Working Group on Information Systems and Services (WGISS), hosted by the European Space Agency, ESRIN, in Frascati, Italy, 19-22 September 2016
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The FASB’s CECL guidance is expected to be released in the first half of 2016. Implementation will be required in 2019 or 2020, but it is imperative to start readying a plan now. You know the basics of CECL, now learn actionable ways to prepare your institution. In Part I of this webinar series, professionals from Sageworks and CliftonLarsonAllen provided the latest information, factors your institution should consider when crafting a CECL implementation plan, example timelines for CECL implementation planning, important data components, how to future-proof your ALLL and the pitfalls of repurposing historical loss calculations for CECL.
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The document discusses proper management of reserve funds for community associations. It warns against lump sum reserve accounts and advocates for allocating funds to specific reserve components. An ideal reserve funding plan achieves a percentage threshold of 60-70% to avoid future assessments or loans. Associations should increase monthly allocations or dues if the percentage falls below this range.
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The finer points of setting up Maintenance Plans, conducting Reserve Fund Studies, and Project Management during large scale remediation projects at condominium properties. We offer a wide variety of building engineering services including Reserve Studies, Transition Studies, and Construction Monitoring. We are eager to assist you in overcoming obstacles in planning for the Life of Your Association. We can help your Association identify risks, reveal opportunities, and manage costs. Our reports are comprehensive, detailed, and easy to understand.
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An audit presentation provided information about BU's audit process and compliance. Audits can occur 5-10 times per year and review allowable costs, effort reporting, subrecipient monitoring, and other compliance categories. Documentation like invoices, cost transfers, and subaward agreements must be provided and may identify issues like missing approvals, expenses outside the period of performance, or lack of subrecipient risk assessments. Departments can help by implementing controls like record retention policies and acting as their own internal auditors to check for compliance issues. The presentation aimed to help staff understand an auditor's perspective to minimize issues during future audits.
CAPM exam preparation developed for self learning.
Plz don't mind some logo and strikethrough.. they were meant to create fun for myself.
You may join the course from Udemy as I take and enjoy the class from there.
With discount it was only $11.
Mr.Joseph Phillips
https://www.udemy.com/share/101WE2AkcZd15VRn4=/
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- An effective annual report has a clear purpose and audience in mind. It ensures the charity is publicly accountable with a fair, balanced, and understandable review of what it does and achieves in line with its goals.
This document provides an overview of the purchasing and procurement process. It is delivered in four modules, with Module 4 focusing on purchasing and procurement processes. The processes covered include planning, solicitation and selection, and post-procurement. In the planning phase, key steps include identifying needs, communicating within the agency, defining scope and requirements, and identifying vendors. The solicitation and selection phase involves communicating the formal need to vendors, evaluating vendor bids, and selecting a vendor. Post-procurement involves negotiating the contract and managing the contract execution. The overall goal is to identify needs, select the best vendor to meet those needs, and ensure proper contract management.
This document provides an overview of the purchasing and procurement process. It is delivered in modules, with Module 4 focusing on purchasing and procurement processes. The module covers the planning, solicitation and selection, and post-procurement phases. In the planning phase, the need is identified, scope and requirements are defined, and potential vendors are identified. In solicitation and selection, a formal solicitation is issued to vendors who are then evaluated and a vendor is selected. Post-procurement involves contract negotiation, execution, and management. The goal is to apply a structured process to identify needs, select the best vendor, and manage the resulting contract.
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The document discusses proper management of reserve funds for community associations. It warns against lump sum reserve accounts and advocates for allocating funds to specific reserve components. An ideal reserve funding plan achieves a percentage threshold of 60-70% to avoid future assessments or loans. Associations should increase monthly allocations or dues if the percentage falls below this range.
The document provides details about an intern's project reviewing Davol's DSIOP (Davol Sales and Operations Planning) process. The intern conducted research on S&OP, observed DSIOP meetings, interviewed cross-functional peers, and administered a survey. Survey results and interviews identified some areas for improvement, but no major issues. The intern aims to identify enhancement opportunities to help align forecasts, production plans, and inventory targets across functions.
The finer points of setting up Maintenance Plans, conducting Reserve Fund Studies, and Project Management during large scale remediation projects at condominium properties. We offer a wide variety of building engineering services including Reserve Studies, Transition Studies, and Construction Monitoring. We are eager to assist you in overcoming obstacles in planning for the Life of Your Association. We can help your Association identify risks, reveal opportunities, and manage costs. Our reports are comprehensive, detailed, and easy to understand.
This document summarizes an onboarding project for advisors on annuities, life, and retirement products. It outlines the project overview, research conducted, key pain points identified, and recommendations. The recommendations include enhancing communication tactics, providing formal recognition processes, improving advisor training and onboarding, and redesigning the SecurianAdvisor website. A new role of Advisor Training and Onboarding Specialist is proposed to facilitate a consistent onboarding experience and act as a central point of contact for advisors.
Discussion PMBoK Fifth Edition vs Fourth Edition vs ISO 21500 Project ManagementRobert_
Presentation with Dr. Lynda Bourne on the key change is the Fifth Edition PMBOK Guide in comparison to other Project Management Standards; ISO 21500 and the Fourth Edition ANSI/PMI 99-001-2008.
This document provides an overview and summary of ASQA Training Provider Briefing Sessions scheduled for April to June 2017. Key topics to be covered in the sessions include regulatory updates from ASQA, ASQA's new student-centred audit approach, assessment practices, validation of assessment, amount of training, and updates from the VET Student Loans Ombudsman and USI Office. The document outlines the program structure and provides reminders about the purpose and scope of the sessions. It also includes summaries of ASQA's recent regulatory activity and decisions, observed trends in regulatory complaints, and an overview of ASQA's 2016-17 Regulatory Strategy focusing on learner protection and amount of training.
Competitive Grant Seeking for For-Profit Businesses will provide you with a better understanding of:
• The type of grant funding for-profit businesses are eligible for;
• What types of activities and outcomes within a business are appropriate for grant funding; and
• How to apply for grant funds as an individual business or through partnerships.
Prospective Student Web Content Team - University of Edinburgh intro sessionNeil Allison
Introductory presentation and workshop organised by the University of Edinburgh's new Prospective Student Web Content Team. Sessions run for University staff involved in web marketing, recruitment and admissions during December 2019.
The 2016 audit guide introduces new requirements for audits of schools that participate in federal student aid programs. It requires auditors to sample a minimum of 60 student files for schools with over 250 students, increases the detail required for examining administrative capabilities, and strengthens the assessment of gainful employment compliance. The guide is over 50% larger than the previous 2000 version. Auditors must submit reports through the eZ-Audit system and retain documentation for a minimum of five years.
An auditor summarized the key points from the document:
1. The document discusses what audits occur at Boston University, what auditors examine, and various compliance categories. It provides examples of recent audits that found issues.
2. The stages of an audit are described, from initial notification to the conclusion report. Auditors may perform on-site visits or desk reviews.
3. Examples of documentation provided to auditors are outlined for categories like allowable costs, cost transfers, period of performance, and subrecipient monitoring. The document also reviews award statuses.
An audit presentation provided information about BU's audit process and compliance. Audits can occur 5-10 times per year by external funders to ensure proper use and accountability of funds. Auditors examine allowable costs, cost transfers, period of performance, subrecipient monitoring, and other compliance categories. Documentation must support all expenses. Presenters provided examples of past audit findings and discussed establishing internal controls to be prepared for audits. Attendees brainstormed ways departments can self-audit and ensure ongoing compliance. Any sponsor inquiries should be directed to the research compliance office.
An audit presentation provided information about BU's audit process and compliance. Audits can occur 5-10 times per year and review allowable costs, effort reporting, subrecipient monitoring, and other compliance categories. Documentation like invoices, cost transfers, and subaward agreements must be provided and may identify issues like missing approvals, expenses outside the period of performance, or lack of subrecipient risk assessments. Departments can help by implementing controls like record retention policies and acting as their own internal auditors to check for compliance issues. The presentation aimed to help staff understand an auditor's perspective to minimize issues during future audits.
CAPM exam preparation developed for self learning.
Plz don't mind some logo and strikethrough.. they were meant to create fun for myself.
You may join the course from Udemy as I take and enjoy the class from there.
With discount it was only $11.
Mr.Joseph Phillips
https://www.udemy.com/share/101WE2AkcZd15VRn4=/
This document provides information about the CFA Institute Research Challenge, an annual equity research competition for university students. The summary is:
The competition involves student teams researching and analyzing a publicly traded company, interviewing company management, and writing a research report and presentation. It is organized globally by CFA Institute volunteers at the local level with over 100 local challenges that feed into regional and global finals. The benefits for students include real-world experience in equity research, networking opportunities, and potential career advantages. The document outlines the competition rules and timeline as well as the roles of faculty advisors and industry mentors in guiding student teams throughout the process.
From Boiler Room to Board Room: Creating Alignment with Non-Facilities Profes...Sightlines
Learn how Lebanon Valley College and the University of Georgia are creating alignment from the boiler room to the board room using Sightlines' third-party data and analysis.
This document summarizes a finance seminar that covered several topics:
- A survey found that most senior finance professionals are responsible for IT departments and over half plan a career change within a year. Flexible working is the most desired benefit.
- When conveying impact through an annual report, it is important to consider the audience, message, and transparency. The report should tell the charity's story in a fair, balanced way acknowledging successes and failures.
- An effective annual report has a clear purpose and audience in mind. It ensures the charity is publicly accountable with a fair, balanced, and understandable review of what it does and achieves in line with its goals.
This document provides an overview of the purchasing and procurement process. It is delivered in four modules, with Module 4 focusing on purchasing and procurement processes. The processes covered include planning, solicitation and selection, and post-procurement. In the planning phase, key steps include identifying needs, communicating within the agency, defining scope and requirements, and identifying vendors. The solicitation and selection phase involves communicating the formal need to vendors, evaluating vendor bids, and selecting a vendor. Post-procurement involves negotiating the contract and managing the contract execution. The overall goal is to identify needs, select the best vendor to meet those needs, and ensure proper contract management.
This document provides an overview of the purchasing and procurement process. It is delivered in modules, with Module 4 focusing on purchasing and procurement processes. The module covers the planning, solicitation and selection, and post-procurement phases. In the planning phase, the need is identified, scope and requirements are defined, and potential vendors are identified. In solicitation and selection, a formal solicitation is issued to vendors who are then evaluated and a vendor is selected. Post-procurement involves contract negotiation, execution, and management. The goal is to apply a structured process to identify needs, select the best vendor, and manage the resulting contract.
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2. ProprietaryandConfidential Slide 2 of 20
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• Still can’t hear anything? Join by telephone:
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button.
3. ProprietaryandConfidential Slide 3 of 20
Agenda
• Introductions and participation guidelines 5 minutes
• Presentation objectives and discussion 35 minutes
• Audience participation and Q&A 10 minutes
• Moderator – Martin Smith, Director ofTraining
• Expert – David Rothbart, Director of Reserve Study Operations
4. ProprietaryandConfidential Slide 4 of 20
Bio – David Rothbart, RS
• David Rothbart, RS
Director of Reserve Study Operations
CAI Certified Reserve Specialist
NSEC Certified Environmental Consultant
State ofVirginia Certified Inspector
Nevada Licensed Reserve Specialist
Tremendous experience planning and completing studies
6. ProprietaryandConfidential Slide 6 of 20
About USI Commercial
• 25 years of service
• National coverage
• Industry leading technology
• Local employee service delivery
• Skilled local employee Reserve Study Specialists
• Centralized and standardized reporting
• Professional engineering
• Other services
7. ProprietaryandConfidential Slide 7 of 20
Objectives
• When is it time for the association to update a Reserve Study
• How do the component and financial status dictate the need for update
• What is the best type of study needed to satisfy association needs
8. ProprietaryandConfidential Slide 8 of 20
Considering the Reserve Study Update
• Decision to Update
• Establish the purpose and benefit
• Review Proposals
• Commit to Update
9. ProprietaryandConfidential Slide 9 of 20
Component and Financial Condition of the Association
• Condition of Components within the community change
• Condition of the Financials change
• Consider the quality of the previous study performed
10. ProprietaryandConfidential Slide 10 of 20
Level of Service by the Reserve Analyst
• Site visits and packaged study comply with CAI Standards
• Duration in years between studies
• Specific component and financial status changes
11. ProprietaryandConfidential Slide 11 of 20
KeepingYour Reserve Study Current
• Funding Studies are an essential part of property management
• Useful life of a Reserve Study is no more than 5 years
• Circumstances can and will influence when a study should be
updated
12. ProprietaryandConfidential Slide 12 of 20
What Level Reserve Study to Order
• Level l contained high quality data
• Level ll study if Level l performed within (5) years
• Level lll study performed for minor component or financial changes
• Level lll study performed only if USI performed Level l
13. ProprietaryandConfidential Slide 13 of 20
Previously Reported Long Lived Items
• Long lived items have a useful life that will exceed the time period of study
• Examples include concrete walkways, masonry retaining walls
• Accurate data should be presented to the Reserve Analyst
14. ProprietaryandConfidential Slide 14 of 20
Changes in the Community Condition
• Component age and financial status warrant Reserve Study updates
• Changes in component repair or replacement costs
• Changes in the association board personnel
15. ProprietaryandConfidential Slide 15 of 20
Changes in the Community Financial Condition
• FinancialCondition changes
• Reserve Studies reflect conditions at the time of the study
16. ProprietaryandConfidential Slide 16 of 20
Changing the Funding Method
USI Commercial uses the Full Funding or Component Funded Method in our
Reserve Study Reports.
• More flexibility and latitude to help with financial management
• Full Funding is viewed as the most conservative approach
• Changing the Funding Method is not recommended
18. ProprietaryandConfidential Slide 18 of 20
Conclusion
As you can see, the decision to update a Reserve Study is
dependent on the component life valuation along with escalating or
decreasing costs of repair or replacement, and changes in the
financial status of the community association.
19. ProprietaryandConfidential Slide 19 of 20
Let us help you
• By reviewing your reserve study needs
• By providing a proposal
• www.usicommercial.com/reserve-study
• By providing presentations
On behalf of USI Commercial we’d like to welcome you to our presentation…It’s all about the financials. We’ll wait just a few more minutes for late arrivals. We know your time is valuable and we thank you for your patience. The webinar will start shortly.
It looks like we have the majority of people logged in so I think we can get started.
Before we go any further, I just want to make sure everyone can hear me. If you can hear me, please click on the raise hand button on your control panel. Those that can’t hear me…well hopefully they’re reading this slide. I’ll wait a few seconds to give everyone a chance to respond.
[NOTE: Moderator – check to make sure raise hand feature is on]
David is our Director of Reserve Study Operations and he’s completed over 5,000 inspections and 130 Reserve Studies throughout his 14 years in the industry so a lot of experience there. Now, in addition to the list of certifications shown here, David is also Certified by the national radon proficiency program as a Radon measurement technician, and also a WDO Inspector.
Now, before I hand over to David, I just wanted to cover a few more things…
About the webinar control panel.
You can hide the control panel by clicking on that orange arrow at the top left. Clicking on that orange arrow again will restore the control panel.
Everyone is placed on mute by default. This eliminates possible background noises from occurring.
Use the Questions Pane at the bottom of your control panel to send us your questions. Simply type in your question and click Send. As mentioned earlier, we will do a Q & A session at the end and answer as many questions as we have time for. If we aren’t able to answer your question live today, we will follow up with you via email.
Are there any questions at this time? (PAUSE) Okay, let´s get started...
For those of you who are not familiar with USI Commercial, we have over 25 years of service and expertise with national coverage and industry leading technology. National coverage assures local employee service delivery by skilled reserve study specialists
We have centralized and standardized reporting plus professional engineers on staff to assure well executed reserve study results.
USI Commercial offers many other inspection services providing flexibility to meet other association property needs, like Construction monitoring and Property condition inspections just to name a couple.
With that, I will turn it over to David…
Our account executives or local reserve study specialists would be happy to visit you and review your reserve study needs.
It’s easy to request a proposal, and you can do it online. www.usicommercial.com/reserve-study takes you to a simple online form where you can request a quote.
Also, our account executives will be happy to provide a presentation on reserve studies to your managers or via webinars to your board members.
Thanks David. Let’s open this up for questions.
OK, well that’s a wrap, on behalf of USI Commercial, and our presenter David Rothbart, my name is Martin Smith and we’d like to thank you again for your interest and participation in our webinar today on It’s all about the financials. We have more webinars planned and we’ll send out announcements by email so watch out for those…we’ll also post these on our website. We hope you’ll consider USI Commercial for you future reserve study needs, and we hope you’ll join us again. Thank you, and enjoy the rest of your day.