Reserve Study, Condo & Homeowners A Reserve Study is a financial planning tool that takes into account future projected capital expenses such as roof replacement, paint, paving & sealing etc. Excel spreadsheets are used to display the input parameters such as replacement cost per item, the estimated useful life the remaning useful life. The 2nd half of the analysis shows the reader how much money must be put aside in a reserve fund to pay for these future expenses. The infomation is diplayed in both dollar sums per year and by graphs that show the "percent funded" at various points in time based on beginning account balances & amount put aside per year. There are different types of Reserve Studies, some are called "SIRS" or Structural Integrity Reserve Study, the other type is a "Traditional Reserve Study". Only certain buildings with age and height requirements are required to have a SIRS completed by December 2024. Reserve Studies have t