What completed projects should be reflected before budget adoption?

Before budget adoption, reflect completed reserve projects that changed the component inventory, current condition, remaining useful life, actual cost, reserve balance, or future project timing. Keep the evidence with the record instead of deleting the old line without explanation.

What should the record retain?

For each material project, retain the work completed, completion date, contract or invoice, actual cost, quantities or specifications that changed, funding source, warranty information, and any remaining work. Customer-provided information should remain identified as such until professionally reviewed.

Why this follows from the source

Fannie Mae requires a qualifying reserve study to address major components, condition and remaining useful life, costs, annual contributions, existing funded reserves, and a funding plan. Updating completed work is a practical inference from keeping those inputs current. The Guide does not prescribe this exact checklist or say that an association must use Ballast's workflow.

Study Check can compare the document on file with the board's current record and identify whether visible changes support follow-up, a Reserve Study Update, or a different professional scope.

Sources

• Fannie Mae Selling Guide B4-2.2-01, Full Review Process, version August 5, 2026 — required reserve-study subjects.

Primary source accessed September 11, 2026.