This presentation offers condominium owners a clear and comprehensive overview of reserve funds and their vital role in the long-term financial stability of a condominium corporation.
Topics will include:
We will also explore whether reserve fund studies should be updated more frequently and discuss the growing influence of extreme weather events on building components and future reserve planning.
By the end of this session, owners will have a deeper understanding of how reserve funds work and why proactive planning and regular review are essential to safeguarding their investment.
Speaker: Shantel Kalakalo
Shantel Kalakalo is the President/Partner of Kalham Consulting Ltd. Previously Shantel worked at Wade Engineering for nearly 18 years and has led the Reserve Fund group for 15 years. She has a passion for Reserve Fund reports and has shown remarkable dedication to this industry. Shantel is also a current Board Member of a condo (Treasurer/Account Signatory) and has owned condos in the past which confirms the practicality of advice offered.
Sponsored by
Kalham was established in 2022 as personnel purchased the assets of the Reserve Fund department from Wade Engineering. Key personnel have been completing Reserve Fund Studies/Life Cycle Costing Reports for the last 15 years. Currently we have eight (8) team members working on reports including two (2) engineers – one assesses the mechanical & electrical and another to stamp the final report.
The Condo Owners Forum is the source for Alberta condo owner-led support, education, and networking. The objective of this MeetUp is to have informal chats about condominiums and the challenges we face as Owners and Board members. This MeetUp is hosted by volunteers of the COF with the hope of reaching a broader audience. We encourage you to join us at any of our events.
For suggested topics or ideas for discussion email meetup@cofsab.ca
www.cofsab.ca Supporting Better Living for All Alberta Condo Communities
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