Here are the elements to include in a Reserve Fund Study:

• All recurring activities occurring every two years and over;
• All major repair or replacement activities occurring every two years or more;
• All major repair or replacement activities that are not recurring;
• All multi-year maintenance activities.

Annual or periodic activities of one year or less (putting up Christmas decorations, cleaning the entrance, washing windows, clearing snow, etc.) should not be included in the Reserve fund Study.