Wednesday, 29 April 2015 17:00

Important New Book - Update on Reserve Standards

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Reserve Studies – The Complete Guide was published in October 2015.  This book is the definitive guide on the topic of reserve studies.  More than 400 pages explaining the conceptual principles, and dozens of exhibits that show you exactly how the calculations are made.  If you prepare or use a reserve study, this guide is a “must have.”

The Generally Accepted Reserve Study Standards issued April 16, 2015 by the International Capital Budgeting Institute (ICBI) have been making waves in the community association industry.  Due to normal work pressures, I, as president of ICBI, only had time to send out about a dozen emails to select individuals regarding the new standards.  However, the professional standards page of the ICBI website had more than 650 “hits” as people visited the site to see the new standards within the first few days.  Turns out those few emails were forwarded around to lots of people.

Stay tuned for more news as these new reserve study standards are more fully distributed within the industry.  These standards resolve the biggest complaints about reserve studies by requiring a uniformity in format and consistency of calculations.

Reproduced below is the table of contents of Reserve Studies – The Complete Guide. 

To order, click here.

TOC image

To order, click here.

 

 

 

 

Read 16081 times Last modified onThursday, 23 February 2017 22:45
Published in Pulse Exclusives
Gary Porter

Gary Porter, CPA, RS, PRA, has been working in the community association industry for more than 30 years.  As a CPA, he has performed thousands of association audits, and prepared thousands of association income tax returns.  He has specialized in the preparation of tax exemption applications, and has successfully taken more than 80 associations tax exempt, at a cumulative tax savings of millions of dollars.  He is the primary author of PPC's "Guide to Homeowners Associations" and "Homeowners Association Tax Library," which serve as the principal guides used by CPAs within the community association industry.

As a reserve preparer, he has performed hundreds of reserve studies since 1982, and is author of the 1988 book "The Reserve Study Manual."

Mr. Porter is a past national president of CAI, and a member of the Association of Professional Reserve Analysts.

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