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Lucid Reserve Study Professional Edition


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Lucid Reserve Study Professional provides support for multiple Associations.  Up to nine (9) Associations may be tracked, with upgrade options to support more Associations as needed.  In addition to providing multiple association support, the Professional Edition provides a number of important management tools, including Percent Funded and Executive Summary reports.

Reserve Study Testimonial

Reserve Parameters Click to View All Screen Shots

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 desired annual rate of increases for Monthly Dues
  • Enter the anticipated percentage of return for invested reserve money
  • Optionally, enter the Tax Rate to be applied for Accrued Interest Income
  • 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 Study Testimonial

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
Monthly Dues Calculator:
  • Calculate estimated monthly dues fees for each unit
  • Optionally, adjust Minimum Reserve Balance for Calculations based on a predetermined limit
  • Monthly Dues will be calculated without yearly increases over 30 years, ensuring that the Reserve Balance does not go below zero or the specified Minimum Reserve Balance
Professional Edition:   Updated Feature
  • Includes many new reports. 
  • The Professional Edition works just like the single-association version, except that the user may track up to 9 different Associations, upgradable to support for even more 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 of the Standard edition 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 than 9 different Associations?  Refer to "Upgrade Options and Pricing", below.
  • Would you like to create a full Association Report, which includes all of the Professional edition reports plus a Reserve Study Overview and an Association Picture?  View Association Report with Adobe PDF Reader.  For pricing, refer to "Upgrade Options and Pricing", below.

Reserve Study Testimonial

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

Annual Expenditure Detail Click to View All Reports

Reports:  
  • The Lucid Reserve Study Professional Edition provides additional Reports, which are not available in the Lucid Reserve Study Standard Edition
  • A variety of reports are available that may be viewed, printed or exported to Microsoft Excel®.  Click on the report, below, to view sample output:

 

Annual Expenditure Detail New Report

The Annual Expenditure Detail Report breaks down the expected Reserve Expenses for that the year that the expenditure is expected to be incurred.

Association Report New Report

(Full Association Report upgrade option)

The Association Report is a single report that contains all of the reports that come with the Professional Edition in a single report, which may be printed or saved as an Adobe PDF file.   In addition to the report set, a Reserve Funding Overview, Terms and Definitions, an optionally an Association Photo are included.   This report is available as an optional upgrade for the Professional Edition.  Note: the provided link allows you to view the entire sample report (PDF file).

Contribution and Fund Breakdown New Report

The Contribution and Fund Breakdown Report lists all of the Reserve Components, detailing the remaining Useful Life, estimated Repair or Replacement Cost, the Fully Funded Balance, the Current Fund Balance, a nd the Current Reserve Contribution for Each Reserve Component.

Executive Summary New Report

The Executive Summary Report summarizes the information used in calculating the Reserve Study Analysis.

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.

Monthly Dues by Year Report

The Monthly Dues by Year Report lists the Projected Monthly Dues based on the anticipated inflation rate.

Percent Funded Report New Report

The Percent Funded Report shows the "Health" (expressed as a percentage) for each year of the Reserve Analysis, along with a "Rating" value.

Reserve Component List Detail New Report

The Reserve Component List Detail Report lists each Reserve Component entered into the application, listing the Account Number, Useful Life, Remaining Useful Life, and the full Repair or Replacement Cost for each Reserve Component for the current fiscal year.

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   Updated Feature

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.  The Percent Funded percentage is shown for the current fiscal year.

Single-user, multiple Associations:  
  • Up to 9 Associations may be Managed.  Product may be upgraded to support additional Associations.  Additional Association pricing is listed under "Upgrade Options and Pricing", below. 
  • An "Association Report" upgrade is listed under "Upgrade Options and Pricing", below.
  • A Multi-user version can be developed for server deployment.  Please Contact us for more information.
Upgrade Options and Pricing:  
  • Additional HOA Support - 5 pack - $145.00
  • Additional HOA Support - 10-pack - $205.00
  • Additional HOA Support - 15 pack - $265.00
  • Additional HOA Support - 20-pack - $325.00
  • Association Report (full report) Option - $100.00
  • These options may be selected when you make your purchase.

    Current Registered Users of Lucid Reserve Study Professional Edition may purchase add on updates by going to Lucid Reserve Study Options.

Minimum System Requirements:  
  • Minimum System Requirements:  IBM Compatible PC running Windows® (95, 98, NT, 2000, XP, Vista, Windows 7, Windows 8 or Windows 10); 8MB RAM; 30MB free disk space; CD-ROM drive for CD-ROM version only).
Current Version:  
  • 1.03.0024
Note:  
  • When the demonstration software is run, the user may select which Lucid Reserve Study Edition that they would like to evaluate (Standard or Professional Edition).

More options available under RESOURCES, above.


RESOURCES


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