ith football season in the air, now is the time to think about your community’s 2026 budget. And just like in football, a winning strategy for capital planning involves training camp, a well-established playbook and effective leadership. Success isn’t just about getting through the upcoming budget. Rather, it’s about developing and executing on a season long plan that will put your community in a position for success not only today, but well into the future.
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With that in mind, capital planning from the perspective of the gridiron can help your board position itself with a winning strategy.
YOUR RESERVE STUDY IS YOUR
TRAINING CAMP FOR THE SEASON AHEAD Just like any successful team’s season begins with training camp, season-long success in capital planning requires a well-constructed reserve study. The reserve study serves as a foundation – it is the beginning of a solid capital planning strategy. It helps you understand what components your association is responsible for, their remaining useful lives, and what it will cost to repair or replace them in a timely manner. Without it, you will most certainly be unprepared for tackling the community’s upcoming needs.
Successful capital planning isn’t just about having a reserve study or playbook in hand; it requires an understanding of it and the ability to execute individual projects when the time comes. It supports the board’s ability to be unified around a common mission, to set expectations, and to be prepared for the upcoming season. Throughout the season, the reserve study should be called upon throughout the year as you proactively address capital projects, as within it is your season-long playbook. Just like a head coach reviews game film to adjust future strategy, the best associations continually engage with their reserve study and ongoing strategy to position themselves for continued success.
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