Reserve studies concept and theories

Meet Gary Porter

Gary Porter, RS, FMP, CPA, RRC, is the CEO of Facilities Advisors International and president of ICBI. Gary has provided financial services to condominium and homeowners associations since 1976. He has authored five books, more than 400 articles on association financial matters and has been quoted or published in the Wall Street Journal, Kiplinger’s Personal Finance, Common Ground, The Ledger Quarterly, and The Practical Accountant.  He has been performing reserve studies since 1982. He is the primary author of ICBI’s Generally Accepted Reserve Study Standards. He holds the FMP (Facilities Management Professional) credential, which designates him as an expert in facilities management, the most critical skill in component condition assessment. He was a recognized economics and valuations expert in the California Superior Court system for more than twenty years and has served as the court appointed independent expert on several occasions. He holds CAI’s RS (Reserve Specialist) designation and is also a registered reserve specialist in Nevada. Mr. Porter is also a Certified Public Accountant and possesses the skills directly applicable to preparation of a financial projection for future major repairs and replacements.Healsoholds the Registered Reserve Consultant (RRC) credential, the highest designation available to reserve preparers. His broad background gives him the global perspective of the entire reserve study process that most others lack, and the ability to write the book “Reserve Studies – The Complete Guide”. Mr. Porter has been active in the industry for decades. He was a founding member of the CAI Channel Islands California chapter in 1979 and served as CAI's national presidentin 1998-99. He has received numerous awards, includingCAI'sDistinguished Service andAuthor of the Year Awards, and CACM's Vision Award for outstanding service.