Sentences with phrase «reserve fund studies»

CPD 891: Fundamentals of Reserve Fund Planning provides a comprehensive overview of the underlying theory, principles, and techniques required for preparing reserve fund studies.

REIC was a major contributor in the formation of the Condominium Act, 1998 with regard to reserve fund studies and is well positioned to play a similar role in the ministry's current review initiative with regard to condominium managers to address education requirements and standards of practice in condominium management services and provide meaningful protection to the consumer,» says the institute.

(5) The auditor shall state in the report whether the statement of reserve fund operations and any other prescribed information relating to the operation of the reserve fund and contained in the financial statements do not fairly present the information contained in the reserve fund studies that the auditor has received.

prescribing the persons who may conduct any or all classes of reserve fund studies and specifying the qualifications of the persons and the affiliations for the purposes of subsection 94 (6) that disentitle the persons from conducting the reserve fund studies;

(k) all reserve fund studies that have been completed or are required to have been completed at the time the meeting is held, other than the reserve fund study that is required within the year following the registration of the declaration and description;

governing the contents of any or all classes of reserve fund studies, the standards that shall be observed in conducting them and the times at which they shall be conducted;

Some reserve fund analysts, and some condominium corporations, may prefer a longer study period (say, 40 years or more) for their reserve fund studies.

To assist in determining the required contributions, condominium corporations must arrange for «reserve fund studies», which are carried out by prescribed reserve fund analysts.

Obtaining a Certified Reserve Fund Planner (CRP) designation can assist CRAs wishing to expand their scope of work to include reserve fund studies.

If the condo board doesn't set aside enough money for future expenses, then there will likely be a special assessment for each condo owner when the 5 year reserve fund study is done.

In other words, condominium corporations will have a three - year grace period following each reserve fund study, during which the corporation can plan for lump sum contributions or for annual contributions to increase beyond inflation.

The reserve fund study must plan for all major repairs and replacements over at least a 30 - year period.

In any event, condominium corporations may need to include a warning, in paragraph 12 of their status certificates, if there are common element features, or assets, that won't require repair or replacement until after the period covered by the corporation's reserve fund study (whether the period is 30 years, 40 years, or more), and which have not otherwise been included as part of the analysis for the required funding contributions.

The amendments are expected to say that condominium corporations will have to plan for their reserve funds to be «adequate» within a period of three years following each reserve fund study.

In some cases (where the purpose of the loan falls within the purposes of the reserve fund), the loan payments can be paid from the reserve fund — and the payments could then be built into the reserve fund study and plan.

(5) If the amount of money in a reserve fund is below the prescribed amount, the corporation shall, within the prescribed period of time, if any, obtain a written opinion, in accordance with the regulations, if any, from a reserve fund study provider with respect to the reserve fund and whether the provider recommends that the corporation obtain a reserve fund study before the time at which it is next required to obtain such a study.

(a. 1) a report or opinion of a reserve fund study provider with respect to a reserve fund or a reserve fund study, as determined by the regulations, if any; or

(1.1) In addition to obtaining a reserve fund study when it is required to do so, the corporation may obtain a reserve fund study at other times to make the determination described in subsection (1).

(3) For the purposes of this Act, an update to a reserve fund study shall constitute a class of reserve fund study.

(8) Before investing any part of the money in the corporation's reserve fund accounts, the board shall develop an investment plan based on the anticipated cash requirements of the reserve fund as set out in the most recent reserve fund study.

Depending upon the particular condominium, this may mean that features not currently covered by the reserve fund study will be covered (if and when the study period increases to at least 45 years).

For example, some features of the common elements may not be covered by the reserve fund study; such as, if those features won't require replacement until after the reserve fund study period.

As mentioned in my blog post last November, the reserve fund study period (currently required to be «at least 30 years») is also expected to be increased, likely to «at least 45 years», as part of the anticipated amendments to the Condominium Act and Regulations.

Although the Condominium Act requires that condominium corporations conduct a reserve fund study and implement a plan for funding the reserve fund, there are some boards that ignore those requirements and continue to be motivated by «low maintenance fees».

Finally, the fifth lesson addresses the methodology used to complete the financial analysis in the reserve fund study.

Throughout this course, students will be guided through the process of creating a comprehensive reserve fund study report.

Once you have completed your education requirements, you should be confident to complete reserve fund study reports for real estate clients.

CPD 899: This is a guided case study course that walks students through the process of creating a reserve fund study report.

These introductory lessons will then be followed by assignments that cover various tasks in completing a comprehensive reserve fund study report, which, when woven together, will provide the «final examination» for the course.

CPD 899: Reserve Fund Planning Guided Case Study guides students through the process of choosing a condominium / strata property and completing a comprehensive reserve fund study report to plan its future financial strategy.

Not exact matches

Examples of the early successes of task force members include legally establishing its operating authority and scope of operation in the State Budget, requiring a study of re-use options of the Indian Point property, adding an additional $ 15 million to the State's Power Plant Cessation Mitigation Fund starting in 2020, extending the timeline for payments from that fund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impaFund starting in 2020, extending the timeline for payments from that fund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impafund, and authorizing the HendrickHudson School District to start a reserve fund to plan for future tax impafund to plan for future tax impacts.

The findings are in line with other studies that suggest that cognitively stimulating activities can indeed increase cognitive reserve and delay cognitive decline in older age» says Anja Leist who is supported by a postdoctoral research fellowship of the National Research Fund Luxembourg.

After studying this chapter, you will be able to: Explain the basic nature of a joint stock company as a form of business organisation and the various kinds of companies based on liability of their members Describe the types of shares issued by a company Explain the accounting treatment of shares issued at par, at premium and at discount including oversubsription Outline the accounting for forfeiture of shares and reissue of forfeited shares under varying situations Workout the amounts to be transferred to capital reserve when forfeited shares are reissued; and prepare share forfeited account State the meaning of debenture and explain the difference between debentures and shares Describe various types of debentures; Record the journal entries for the issue of debentures at par, at a discount and at premium Explain the concept of debentures issued for consideration other than cash and the accounting thereof Explain the concept of issue of debentures as a collateral security and the accounting thereof Show the items relating to issue of debentures in company's balance sheet Describe the methods of writing - off discount / loss on issue of debentures Explain the methods of redemption of debentures and the accounting thereof Explain the concept of sinking fund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking Fund Mefund, its use for redemption of debentures and the accounting thereof Topic List Features of a Company Kinds of Companies Share Capital of a Company Nature and Classes of Shares Issue of Shares Accounting Treatment Forfeiture of Shares Meaning of Debentures Types of Debentures Issue of Debentures Over Subscription Terms of Issue of Debentures Interest on Debentures Writing - off Discount / Loss on Issue of Debentures Redemption of Debentures Redemption by Payment in Lump Sum Sinking Fund MeFund Method

There's also a special provision directing the State Board of Education to study the requirement that charter schools have a $ 50,000 reserve fund in the event they are shut down, with special consideration of possibly providing some charters waivers for the $ 50k requirement.

In a recent study by The Nature Conservancy and Baker & McKenzie, «A Nested Approach to REDD +» proposed solutions include project insurance and a REDD reserve fund that could be dipped into as necessary to reward successful projects in countries which have been unable to halt net deforestation.

This is because contributions to the reserve fund might need to increase (beyond inflation) when those repairs or replacements do ultimately fall within the study.

The purpose of the Reserve Fund Study is to provide the condominium corporation with a «plan» upon which they can ensure that they have enough funds in the reserve fund to meet capital challenges going forwFund Study is to provide the condominium corporation with a «plan» upon which they can ensure that they have enough funds in the reserve fund to meet capital challenges going forwfund to meet capital challenges going forward.

The Reserve Fund Study will play a pivotal role in the determination of what the reserve fund contributions of the unit owners will be going forwFund Study will play a pivotal role in the determination of what the reserve fund contributions of the unit owners will be going forwfund contributions of the unit owners will be going forward.

Reserve fund studies are conducted every three years to determine how much money the corporation should have in the reserve fund.

* Evaluated and completed reserve studies with economic projections for the acquisition of oil and gas producing properties for a start up private - equity investment fund.

The independent study found that as the housing market continues to recover, the capital reserve ratio of the MMI Fund used to support FHA's single family mortgage and reverse mortgage insurance programs fell below zero to -1.44 percent.

as we know there are companies that specialize in reserve studies I have have done two condos as the developer and paid for these and funded them...

its just like anyone who has developed a condo unit of any kind you must do a reserve study up front and then fund it and keep it funded..