Level III

Update: No-Site-Visit Off-Site Review

Level III

Financial Update, Off-Site Review: A reserve study in which the following three tasks are performed:

  • Life and Valuation Estimates
  • Fund Status
  • Funding Plan

An annual update to the reserve study is simply good planning. This allows you to “refresh” the funding plan and account for minor variations from the original funding plan.

A Level III Financial Update does not include a site inspection. Instead, we inquire about expenditures made, upcoming projects, anticipated expenses, and account for changes in pricing. By updating these calculations, you will see the funding fluctuate when compared to the previous funding plan. A financial update is a valuable planning tool at a very reasonable cost, generally only a fraction of the cost of a full study.