California''s Common Interest Development Act sets forth California's legal requirements for reserve study information to be included in the annual association budget. California Civil Code §1365 requires that homeowner associations prepare and distribute certain financial information, including a pro forma operating budget, 30-90 days prior to the start of the association's next fiscal year.
At least once every three years the board of directors shall cause to be conducted a reasonably competent and diligent visual inspection of the accessible areas of the major components which the association is obligated to repair, replace, restore, or maintain as part of a study of the reserve account requirements of the common interest development...
Annual reserve updates take place for each year between each comprehensive reserve study which the board should review the update and shall consider and implement necessary adjustments to the boards analysis of the reserve account requirements as a result of that review.
Golden Consulting Group Reserve Study Packages Includes:
2 Spiral bound color copies of the reserve study
2 Color copy of the reserve summary
2 CD's with which includes printable pdf files of the reserve study, summary, pictures,
CC&R's, Bylaws, and any other financial information that was provided to prepare the
study.
2 Annual Reserve Updates
and...
Most reserve studies can be completed and emailed for approval no later than fourteen (14)
business days after an on-site visual inspection.
1) A visual on-site inspection to assess the current condition of the major components and estimate the remaining life.
2) An estimate cost of repair, replacement, restoration, or maintenance of the major components.
3) A 30-Year funding plan that indicates how the board plans to fund the annual contribution to meet the association's obligation for the repair and replacement of all major components with an expected remaining life of 30 years or less.
4) Disclose reserve assessment and reserve funding summary form per Civil Code §1365.2.5.
5) Disclose any deficiencies in the reserves on a per unit basis.
6) Disclose whether the board plans to defer repairs or replacement of any major component, including a justification for the deferral.
7) Disclose whether the association has any outstanding loans with an original term of more than one year, including the payee, interest rate, amount outstanding, annual payment, and when the loan is scheduled to be retired.
The information contained in Golden Consulting Group's reserve study reports are for the sole use of the association and may contain confidential and privileged information. The information contained in the study and/or updates are calculated for one year use only. Any unauthorized review, use, disclosure or distribution is prohibited. 
