What is Depreciation & Reserve Fund Planning?
Depreciation Reports are intended to help strata corporations plan for the repair, maintenance and replacement of common property, limited common property and common assets.
To be done right, these must contain:
- a physical inventory of the common property, including all building systems;
- a Cash Flow Summary, showing the anticipated maintenance, repair and replacement costs for the common expenses, projected over 30 years – the analysis period;
- a financial forecasting section that contains three Cash Flow Models.
Depreciation reports are meant to provide useful information to strata lot owners, prospective purchasers, mortgage providers and insurance companies.
For more information, see About RFP Inc. or Contact Ed.
Why Edmond Schweitzer?
RFP Reserve Fund Planning Inc is an established Oliver, B.C. based consulting firm, serving strata corporations throughout the Okanagan and neighbouring regions.
Its primary goal is to work with councils to produce meaningful Depreciation Reports. The company is covered by errors and omissions insurance. It has: Better Business Bureau Accreditation.