Depreciation Reports - British Columbia
The Depreciation Report assists in determining an adequate funding level of the capital reserve fund in order to meet future repair and replacement expenses. The Depreciation Report is an important tool to be utilized by Property Managers and Strata Council to maintain and enhance the major common property assets of the Strata Corporation. Our Depreciation Reports provide each Strata Corporation with at least 3 funding models of the thirty-year cash flow plans for major capital expenditures.
We use a Hybrid Funding Model, focusing on an adequate level of funding in projecting Reserve Fund requirements. Our Depreciation Reports help Strata Corporations plan major capital projects and budgets over a 30-year horizon. The Depreciation Report recommendations assist in ensuring that the capital replacement reserve fund remains adequate for current and future owners. This approach satisfies individual Strata unit owners in that their annual contributions are sufficient to meet the Strata Corporations estimated expenditures, and that they are not over-contributing to an excessively funded reserve fund. The recommended minimum amount will vary by property; our Depreciation Reports are tailored to the individual Strata Corporation.
At Deltalytics, we tailor our Depreciation Reports to meet the specific needs of each Strata Property. In British Columbia the Strata Property Act, requires Strata Corporations with 5 or more units to complete a Depreciation Report every 3 years or to obtain 3/4 approval to waive the requirement. A copy of the Strata Property Act can be found here and the Regulations here.
Our only interest, the provision of quality Depreciation Reports. We are not competitors in project or property management, building repair or maintenance contracts. Our functional Depreciation Reports are easy to read and understand, meeting or exceeding the legislative requirements of the Strata Property Act.
Reserve Fund Study
Reserve Fund Study Specialists
The Reserve Fund Study assists the Condominium Corporation in determining the contributions to be made to the capital reserve fund in order to meet future repair and replacement expenses. A Reserve Fund Study is an important tool that should be utilized by Property Managers and the Board of Directors to maintain and enhance the major common property assets of the Condominium Corporation. The Reserve Fund Study provides a multi-year funding plan for major capital expenditures.
We use a Hybrid Funding Model, focusing on an adequate level of funding in projecting Reserve Fund requirements. Our Reserve Fund Studies help Condominium Corporations plan major capital projects and budgets over a 25-year horizon. The Reserve Fund Study recommendations assist in ensuring that the reserve fund remains adequate for current and future owners. This approach satisfies individual condominium unit owners in that their annual contributions are sufficient to meet the Condominium Corporations estimated expenditures, and that they are not over-contributing to an excessively funded reserve fund. The recommended minimum amount will vary by property; our Reserve Fund Studies are tailored to the individual Condominium Corporation.
In Alberta, the Condominium Property Act requires Condominium Corporations to complete a Reserve Fund Study every five years.
A copy of The Condominium Property Act can be found here and the Regulations here.
We have extensive experience with the provision of Reserve Fund Studies. We are only interested in ensuring repairs are completed when it makes sense. Our functional Reserve Fund Studies are easy to read and understand, meeting or exceeding the legislative requirements of the Condominium Property Act. We look forward to working with you on your project
Infrared Thermography
Infrared Thermography uses a thermal imaging camera to detect variances in an objects temperature. Deltalytics uses thermal imaging technology to assist in identifying potential deficiencies in your commercial, industrial, condominium or strata project that are not typically visible using other inspection methods. By using infrared thermography we are able to measure and produce images of heat energy that are emitted from objects and systems within building components.
The thermal images assist in diagnosing a defect, rather than merely identifying the symptoms. Heat leaks of varying intensity are found in faulty areas of insulation using this method. The results from a thermography scan can be used to detect these leaks and improve the efficiency of heating and air-conditioning units. Infrared imaging can also be used to assist in the detection of potential moisture and other thermal anomalies in conventional low slope roofing.
Included with all of our Reserve Fund Studies and Depreciation Reports at no additional Cost
