Capital Reserve Studies
Capital Reserve Studies
For Churches and Parishes
How a Capital Reserve Study Can Help Your Churches and Parishes?
A capital reserve study is an important tool for any parish that wants to ensure its financial stability in the long term. This study involves analyzing the parish's physical assets, including buildings and equipment, and estimating the costs of maintaining and replacing these assets over time.
If your parish wants to ensure its financial stability and avoid unexpected expenses, a capital reserve study can be a valuable tool.
Financial Stability (Plan for Building Maintenance):
A capital reserve study can help a parish plan for future expenses and avoid unforeseen financial burdens, ensuring financial stability in the long term.
Avoiding Major Repairs (Raise Funds for Repairs):
By conducting regular inspections and maintenance, a parish can address minor issues before they escalate into major problems. This can greatly extend the lifespan of a building's components and save substantial sums of money over the long run.
Accurate Forecasting (Avoid Risk, Worry, and Anxiety):
By creating a detailed capital expenditure plan, a parish can more accurately forecast its long-term expenses and avoid unforeseen financial strains.
In our experience working with commercial property owners, we've discovered that conducting regular inspections and maintenance can greatly prolong the lifespan of a building's components. By addressing minor issues before they escalate into major problems, property owners can save substantial sums of money over the long run. Furthermore, by creating a detailed capital expenditure plan, property owners can more accurately forecast their long-term expenses and avoid unforeseen financial strains.
Our Due Diligence Services: