Reserve Summary Information:
Reserve Summary Screen 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: Reserve Detail Screen 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:
Reserve Detail Screen 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: Reserve Detail Screen 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.