FIGURE 3: With equivalent goals, the contribution difference will not likely be dramatic because the same annual list of expenditures is being funded. Example of Directed Cash Flow Calculation Method IMPLEMENTING THE RESERVE STUDY To effectively use the reserve study prepared for an association, several requirements must be met. The format of the report must be understandable and well organized. Funding goals should be established and calculations to meet those goals performed. Working with the reserve professional, association boards should carefully weigh the sustainability of the funding plan chosen. ■ PAUL HUIJING, P.E. IS WITH ADVANCED RESERVE SOLUTIONS IN WILBRAHAM, MASS. How will you fund your next association project? Get custom financing that's perfect for your budget and your association. No deposit relationship required. Let us find the financing that's right for you. Call me today! Erin Kremser VP, New England 860-459-4713 866-800-4656 ext.7481 erin.kremser@mutualofomahabank.com mutualofomahabank.com Member FDIC Equal Housing Lender 171258 July 2018 CONDOMEDIA 25