Reserve Fund Studies Alberta | Kalham Consulting

Clear, practical and easy to use

More than numbers on a spreadsheet.

The study combines property conditions with long-term capital and financial planning. The goal is to make technical and financial information understandable enough to support responsible Board decisions.

Major common-property component identification
Observed condition and reasonable service-life assumptions
Repair and replacement timing
Realistic long-term capital expenditure projections
Organized funding analysis
Board review meeting before finalization

Seven-step workflow

Collaborative from start-up through final report.

01Start-Up Meeting

Property background, concerns and project history.

02Information Review

Prior studies, financial information, plans and supporting records.

03Site Inspection

Visual review of common property and Reserve Fund components.

04Financial Analysis

Long-term capital plan, contributions and expenditure modelling.

05Draft Study

Organized report and financial analysis for Corporation review.

06Board Review

Review findings, recommendations and funding requirements.

07Final Report

Approved revisions and professional authentication by a licensed Professional Engineer.

Ongoing planning support

Keep the plan current as conditions change.

Major Capital Projects

Model significant work over multiple years to reflect practical schedules, available funding and property requirements.

Funding Options

Evaluate contribution increases, special levies, borrowing or blended funding strategies when standard contributions are not enough.

Annual Reporting & Updates

Reflect completed work, revised project costs, timing changes and other assumptions between formal Reserve Fund Study updates.

Frequently asked questions

Reserve Fund questions, answered clearly.

How often is a Reserve Fund Study required in Alberta?

Alberta condominium corporations are required to complete a Reserve Fund Study at least once every five years. The study considers depreciating property and anticipated repair or replacement requirements over a minimum 30-year period.

What information does Kalham typically need?

The previous Reserve Fund Study, current financial information, Reserve Fund balances and contributions, drawings and condominium plans where available, completed-project details, engineering reports, contractor quotations and other relevant property documentation.

Do you provide a draft and meet with the Board?

Yes. A draft is provided for review, and Kalham’s fee includes a meeting with the Board after the draft is issued to review findings, recommendations and funding requirements before finalization.

Can major capital projects be phased over several years?

Yes. Significant projects can be modelled over multiple years where appropriate to reflect realistic construction schedules, available funding and the practical requirements of the property.

Can you model loans or special levies?

Yes. Kalham can evaluate increased Reserve Fund contributions, special levies, borrowing or a combination of funding methods where required.

Do you complete studies outside Edmonton?

Yes. Kalham provides Reserve Fund Study services throughout Alberta.

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