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Lucid Reserve Study Description

Generate 30-year HOA Reserve Study Reports. Determine if HOA fees can be lowered

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!

*Reserve Summary Information: Reserve Summary Screen 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. Accuracy has been improved significantly in the latest version.
* Reserve Detail Information: Reserve Detail Screen 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: Reserve Detail Screen 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
* Multi-Association Version: Reserve Detail Screen Lucid Enterprises now offers a Multi-Association version of the Lucid Reserve Study. Up to 5 different Associations may be managed with this version of the software. This version of the software works just like the single-association version, except that the user may track up to 5 associations. Reports will be printed with the appropriate association name on the top of each page. This product version is available on CD-ROM only. Current, registered users are eligible for a special upgrade price (be sure to register your product by going to the product registration page, providing all of the required information). Need support for more Associations? Contact us for a price quotation.
* Additional Features: Additional product features are available through Lucid Enterprises Computer Consulting services.

Lucid Reserve Study Limitations

Can not save records

Lucid Reserve Study Version History

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