Lucid Enterprises - Lucid Reserve Study

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Lucid Reserve Study Software

Are you responsible for creating the reserve study for your homeowner's association? Do you want to check the numbers provided to you by your management company? Do you want to experiment with different numbers in order to see if you can reduce your monthly homeowner association fees? If you said 'yes' to any of these questions, this reserve study software is for you!

Reserve Summary Information: Enter information about your homeowner's association in order to determine your total reserve dollars.
Enter Fiscal Year Ending Date
Enter the anticipated rate of inflation
Enter the anticipated percentage of return for invested reserve money
Enter the Reserve Balance at the beginning of the year
Enter the the anticipated annual reserve contribution (use the supplied calculator)
Enter the number of houses or units that will be maintained and assessed
Please refer to the Reports section for detailed information on the available reports

Calculate Annual and Monthly reserve contributions: Use the handy calculator to see how much money will be placed in the reserves per month and for the year.
Based on monthly assessments, calculate how much of the monthly dues will be placed in the reserve fund
Calculate an estimated minimum monthly dues payment based on projected expenses and reserve study requirements. Accuracy has been improved significantly in the latest version.

Reserve Detail Information: Enter detailed information for each expenditure that the association will encounter for the 30-year period.
Enter the internal Account Number and Component Description for each maintenance item
Enter the anticipated Replacement Cost based on today's dollars
Enter the Year that the item was first installed or last replaced
Enter the anticipated Life Expectancy of the Component in years
The Estimated Years Remaining will be automatically calculated based on the year the Component was put into service and the Component Life Expectancy
When a Component is first added, the user may specify the sort sequence for use in the reports
Please refer to the Reports section for detailed information on the available reports

Expense Item Information: Enter detailed information for each recurring expense that the association will encounter for the current fiscal year.
Enter the internal Account Number (optional) and Expense Description for each expense item
Indicate the frequency of the expense (monthly, yearly, etc.) so that monthly and yearly totals can be calculated
Please refer to the Reports section for detailed information on the available reports
Multi-Association Version: Lucid Enterprises now offers a Multi-Association version of the Lucid Reserve Study. Up to 5 different Associations may be managed with this version of the software. This version of the software works just like the single-association version, except that the user may track up to 5 associations. Reports will be printed with the appropriate association name on the top of each page. This product version is available on CD-ROM only. Current, registered users are eligible for a special upgrade price (be sure to register your product by going to the product registration page, providing all of the required information). Need support for more Associations? Contact us for a price quotation.

Additional Features: Additional product features are available through Lucid Enterprises Computer Consulting services.

Reports: Several reports are available that may be viewed, printed or exported to Microsoft Excel®. Click on the report, below, to view sample output:

Reserve Funding Analysis This report details the income and expenditures for the Reserve Fund. Interest on savings and future inflation costs are factored into the report. The report spans a 30-year period, showing the total reserve funds and expenditures for each of the 30 years.

Reserve Funding Summary The Reserve Funding Summary Report lists each component and Account Number in the order specified in 'sort sequence'. The Estimated Replacement Cost is listed for each component, and totaled at the end of the report. The Year that the Component was last replaced, and Useful Life of the Component is also listed. In addition, the next year that the Component, and Remaining Life are reported.

Expense Detail Report The Expense Detail Report lists each projected expense item and optional Account Number, tallying the expense numbers in terms of both monthly and yearly expenses.

Minimum System Requirements: IBM Compatible PC running Windows® (98, 95, NT, 2000 or XP); 8MB RAM; 30MB free disk space; CD-ROM drive (if purchasing the CD-ROM product version).
Current Version: 1.02.0000
Updates: Registered users are eligible for minor program updates and special upgrade offers.

Pricing:

View User Manual (Adobe® Reader® is required)
Evaluation Copy - Free Download
Evaluation Copy - CD-ROM version: $4.95 plus $10.00 USA shipping & handling
CD-ROM version: $69.95 plus $10.00 USA shipping & handling
Download version: $59.95
Lucid Reserve Study up to 9 Associations - Full Product CD-ROM version: $259.95 plus $10.00 USA shipping & handling	Multi-Association
Lucid Reserve Study up to 9 Associations - Upgrade (current, registered users only) CD-ROM version: $200.95 plus $10.00 USA shipping & handling	Multi-Association Upgrade
View Product Updates for each Product Version (Adobe® Reader® is required)

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Reserve Funding Analysis	This report details the income and expenditures for the Reserve Fund. Interest on savings and future inflation costs are factored into the report. The report spans a 30-year period, showing the total reserve funds and expenditures for each of the 30 years.
Reserve Funding Summary	The Reserve Funding Summary Report lists each component and Account Number in the order specified in 'sort sequence'. The Estimated Replacement Cost is listed for each component, and totaled at the end of the report. The Year that the Component was last replaced, and Useful Life of the Component is also listed. In addition, the next year that the Component, and Remaining Life are reported.
Expense Detail Report	The Expense Detail Report lists each projected expense item and optional Account Number, tallying the expense numbers in terms of both monthly and yearly expenses.