Study of reserve funds should not be done by a HOA board member

…..Individual (HOA) board members should interface with the consultants, but should not be the people who prepare the reserve study as the proper preparation of a reserve study requires expertise in identifying all the various components that make up the association’s common area, knowledge of the useful life of each component, and knowledge about the value of each component and the cost of repairs and replacements….

read more at https://www.hoamemberservices.com/hoa-directors-multiple-duties-relative-reserve-funds/?mc_cid=87a3388a0d&mc_eid=3febc8d842

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