CAI established the Reserve Specialist designation program to help community managers and board members identify qualified reserve study providers and to assist communities in developing their reserve study.

• A. Not sure
• B. Depends
• C. True
• D. False

Answer: (C)

The main idea here is understanding what the Reserve Specialist designation is for. CAI created this credential to ensure reserve studies are prepared by qualified professionals and to help boards and managers find trustworthy providers while guiding the community in developing a solid reserve plan. A holder of the Reserve Specialist designation has demonstrated experience with reserve analyses, funding methods, and fiduciary responsibilities, along with ongoing education to stay current. Because this describes the program’s purpose—identifying qualified providers and assisting communities in developing reserve studies—the statement is correct.