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RESERVE <br />ADVISORS <br />• Additions and deletions to the Reserve Component Inventory <br />• The presence or absence of maintenance programs <br />• Unusually mild or extreme weather conditions <br />• Technological advancements <br />Periodic updates incorporate these variable changes since the last Reserve Study <br />or Update. We recommend the building representatives budget for an Update to this <br />Reserve Study every three years. Budgeting for an Update demonstrates Management's <br />objective to continue fulfilling its fiduciary responsibility to maintain the commonly owned <br />property and to fund reserves appropriately. <br />Page 4.40 - Reserve Component Detail <br />