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Crown Harbor Homeowner Association

Reserve Study Reviews

The Reserve Study Committee receives a Reserve Study from Associa, reviews it for physical asset and financial accuracy, and makes a recommendation to the Association Treasurer for how the study impacts future dues.

reserve study

Reserve Study

Every 3 years Crown Harbor commissions an independent company to complete a reserve study for the association.
  • A reserve study includes an assessment of the condition of the existing assets (e.g. roofing, siding, street surface) and the expected remaining life of those assets.
  • Based on the remaining life of each asset, a projected date as to when it needs to be replaced is determined.
  • Based on a projected date of replacement, an estimated cost for replacing it (at that time) is computed.
  • Based on the costs for when the various assets needs to be replaced, a profile of how much money the association will spend in future years is derived.
  • The numbers in the reserve study are debatable. Some may be too low. Some may be too high. The time to question these numbers is when the reserve study is received, before payment is made to the company providing the study, not in subsequent years when the reserve study is being used to craft an annual budget.
  • It is not appropriate for the Board to ignore the advice of experts who craft the reserve study and substitute its own numbers. Most associations adopt the recommendations in the reserve study itself rather than analyzing the data and forming their own plan. For years that are between new reserve studies, the Board can substitute an estimated value for asset replacement for a known value when there is a proposal to replace the asset from a professional on hand.
reserve study review

Reserve Study Review

The Reserve Study Committee takes the most recent reserve study and analyzes it for the coming year. The goal is to make sure that the dues and assessment for the coming year are in alignment for what is recommended in the reserve study.
  • The purpose of the Reserve Study Review is to have a second set of eyes look at the reserve study and make a recommendation to the Treasurer.
  • The Treasurer then takes the recommendation into account when proposing a budget for the following year.
  • The recommendation in the review is not automatically adopted simply based on submission to the Treasurer.
reserve study update review for 2017

Findings from the Reserve Study Update Review of 2017

  • The 2017 reserve study update was provided by Associa. The first version of the full report was published on September 22, 2017. The cost for this update was $375, far less than the ~$2,000 for a brand new reserve study.
  • The reserve study includes costs for maintaining existing items as well as replacement.
    ItemEstimated
    Cost
    Smart Irrigation Controller$2,625
    Backflow Preventer$3,413
    Irrigation to drip system conversion with plans and permits (2nd third)$116,438
    Sewage ejector pump (2 of 2)$10,500
    Tree care allowance$7,875
    Termite inspection/repairs$6,825
    Roofing repairs$4,600
    Siding repairs$2,875
    Fence at Crab Cove entrance$3,898
    Entrance sign, street signs and posts$1,575
    Sum$160,624
  • The recommendation for a reserve contribution of $183,605 for 2018 will be proposed to the Board at an upcoming Board meeting. This is a 10% increase from the reserve contribution of $166,914 for 2017.
  • See the 2017 page for the work of the committee.
reserve study update review for 2016

Findings from the Reserve Study Update Review of 2016

  • The 2016 reserve study update was provided by Associa. The first version of the full report was published on June 14, 2016. The current version of the full report was published on July 22, 2016. The cost for this update was $375, far less than the ~$2,000 for a brand new reserve study.
  • The big change was adding the cost of a 3 year project to replace the irrigation system and drought tolerant vegetation to be in compliance with the California Model Water Efficient Landscape Ordinance (WELO) ordinance by the year 2020.
  • The recommendation for a reserve contribution of $166,914 for 2017 was accepted at the August 10, 2016 board meeting. This is a 3% increase from the reserve contribution of $162,052 for 2016.
  • See the 2016 page for the work of the committee.
reserve study review for 2015

Findings from the Reserve Study Review of 2015

  • The 2015 reserve study was conducted by Associa. The third version of the full report was published on July 17, 2015 and accepted by the Board.
  • The recommendation for a reserve contribution of $162,052 for 2016 was accepted.
  • See the 2015 page for the work of the committee.
reserve study review for 2012

Findings from the Reserve Study Review of 2012

  • This reserve study led to the special assessment for the roof replacement project.
  • The 2012 reserve study was conducted by Association Reserves of San Francisco, LLC. The executive summary and full report were published on February 20, 2012.
  • See the 2012 page for historical information.

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