Reserve fund check
Put the corporation’s own plan beside its own statements. See whether the fund is where its plan said it would be, and whether a new study is due.
Is this a reserve fund study?
No. A reserve fund study must be carried out by a qualified provider who inspects the property and estimates its repair and replacement costs (Alberta Condominium Property Regulation, ss. 21.1 and 23). This check only compares figures you take from the corporation’s own documents, so you can see whether the fund is following its plan and when the next study is due.
Where do I find these numbers?
The plan approval date, projected balances and planned contributions are in the reserve fund plan. The actual year-end balance and the year’s transfer are in the financial statements, usually in a reserve fund note, and in the annual reserve fund report. Upcoming expenditures are in the reserve fund study’s schedule.
Sources
- Alberta King’s Printer, Condominium Property Regulation, Alta Reg 168/2000 — consolidated to Alta Reg 23/2026, current as of 15 February 2026; ss. 20.51–20.54, 21.1–30, Schedule 3. Read 25 October 2026.