Full Reserve Study For
Pine Ridge Plantation CDD Middleburg, Florida

For Period: October 1, 2014 to September 30, 2015

Report Date: November 12, 2014 Revision II

Southeast Region
10459 Hunters Creek Court Jacksonville, FL 32256
(904) 303-3275
Mid-Atlantic Region
3 Langhorne Road Newport News, VA 23606 (757) 291-6657
Communityadvisors.com

November 12, 2014

Mr. Jim Oliver District Manager
Governmental Management Services, LLC 475 West Town Place, Suite 111
St. Augustine, FL 32092

Re: Reserve Study Report for Pine Ridge Plantation CDD Revision II Dear Mr. Oliver:
Community Advisors is pleased to provide this Reserve Study report for the above referenced District
with the adjustments you requested.

If you have additional adjustment please let us know. Thank you for this opportunity and please let me know if you have any questions or concerns.
Respectively submitted,

Charles R. Sheppard, RS, PRA President & Reserve Specialist

TABLE OF CONTENTS
Pine Ridge Plantation CDD

PART I RESERVE STUDY SUMMARY INFORMATION
Current Assessment Funding Model Summary	1-1
Current Assessment Funding Model Projection	1-2
Component Inventory	1-3
PART II FINANCIAL INFORMATION
Annual Expenditure Detail	2-1
Cash Flow	2-10
PART III COMPONENT INFORMATION
Category Detail Index	3-1
Detail Report by Category	3-4
PART IV CHART & GRAPHS
Annual Asset Expenditure Charts	4-1
Asset Current Cost by Category	4-2
Current Funding Model & Fully Funded Comparison Chart	4-3
PART V METHODOLOGY & RESERVE STUDY PROCESS
Methods & Procedures	5-1
PART VI TERMS CONDITIONS COMPANY INFORMATION
General Information and Company Profile	6-1
Definitions	6-3

Middleburg, Florida
Current Assessment Funding Model Summary

Report Date Account Number Version
Budget Year Beginning Budget Year Ending

November 12, 2014
201431
Revision 1
October 01, 2014
September 30, 2015

Total Units

736

Inflation	3.00%	
Annual Assessment Increase	3.00%	
Interest Rate on Reserve Deposit	2.00%	

Report Parameters

2014 Beginning Balance

$110,000.00

Pine Ridge Plantation CDD reserve funds are 37% fully funded at the beginning of the study year which is considered adequate and they have a funding goal of adequate funding for future years.

This method of determining contributions is based on the remaining useful life and replacement cost of major components and does take into account inflation, contribution increases and interest on invested funds. Reserves that maintain a 30% to 70% full funding level are considered to be adequately funded. Higher levels of funding provide a lower risk of special assessment or deferred maintenance and this study should be updated every 2-3 years to monitor component condition and update their replacement cost.

We recommend the Current Assessment Funding Plan for adequate funding and a lower risk of special assessments.

Current Assessment Funding Model Summary of Calculations

Required Annual Contribution
$65.22 per unit annually Average Net Annual Interest Earned Total Annual Allocation to Reserves
$66.32 per unit annually

$48,000.00

	$810.60
$48,810.60

Current Assessment Funding Model Projection

Beginning Balance: $110,000

Year	
Current Cost	
Annual Contribution	
Annual Interest	
Annual Expenditures	Projected Ending Reserves	Fully Funded Reserves	Year End Percent Funded	
14-15	680,601	48,000	811	117,470	41,341	223,125	19%	
15-16	701,020	49,440	1,610	10,269	82,122	264,651	31%	
16-17	722,050	50,923	2,449	10,577	124,917	308,395	41%	
17-18	743,712	52,451	3,383	8,195	172,556	357,224	48%	
18-19	766,023	54,024	4,363	8,441	222,502	408,706	54%	
19-20	789,004	55,645	4,603	47,974	234,776	424,303	55%	
20-21	812,674	57,315	5,539	15,164	282,465	474,860	59%	
21-22	837,054	59,034	6,294	26,813	320,979	517,054	62%	
22-23	862,166	60,805	6,638	49,885	338,537	539,127	63%	
23-24	888,031	62,629	6,940	54,148	353,958	559,706	63%	
24-25	914,671	64,508	7,961	20,428	406,000	616,418	66%	
25-26	942,112	66,443	8,891	27,890	453,444	669,262	68%	
26-27	970,375	68,437	7,359	153,939	375,300	599,508	63%	
27-28	999,486	70,490	6,059	142,856	308,993	540,668	57%	
28-29	1,029,471	72,604	7,330	15,081	373,847	609,819	61%	
29-30	1,060,355	74,782	5,960	150,624	303,965	547,542	56%	
30-31	1,092,166	77,026	7,116	25,194	362,913	610,928	59%	
31-32	1,124,931	79,337	8,066	38,944	411,372	664,631	62%	
32-33	1,158,678	81,717	7,179	134,145	366,123	626,972	58%	
33-34	1,193,439	84,168	8,743	13,151	445,883	711,475	63%	
34-35	1,229,242	86,693	10,074	28,898	513,752	785,131	65%	
35-36	1,266,119	89,294	10,498	78,138	535,406	814,193	66%	
36-37	1,304,103	91,973	12,214	16,670	622,923	908,104	69%	
37-38	1,343,226	94,732	5,729	431,225	292,159	592,862	49%	
38-39	1,383,523	97,574	3,039	237,776	154,997	464,274	33%	
39-40	1,425,028	100,501	3,511	79,961	179,047	492,385	36%	
40-41	1,467,779	103,516	4,997	32,715	254,845	571,410	45%	
41-42	1,511,812	106,622	6,296	46,650	321,113	641,779	50%	
42-43	1,557,167	109,821	7,278	67,036	371,175	696,871	53%	
43-44	1,603,882	113,115	8,205	74,022	418,474	749,715	56%	

Site Components
Asphalt Resurfacing	
07-08	
32-33	
25	
0	
18	
2,400 Square Yards	
13.00	
31,200	
Concrete Curbing	07-08	32-33	25	0	18	400 Linear Feet	11.00	4,400	
Concrete Walks	07-08	32-33	25	0	18	121 Square Yards	40.00	4,848	
Monument Sign A Refurbishment	07-08	19-20	12	0	5	1 Lump Sum	1,800.00	1,800	
Monument Sign B Refurbishment	07-08	32-33	25	0	18	1 Lump Sum	1,200.00	1,200	
Wood Pergola A	07-08	27-28	20	0	13	160 Square Feet	18.00	2,880	
Wood Pergola B	07-08	27-28	20	0	13	160 Square Feet	18.00	  2,880	
Site Components - Total								$49,208	
Fencing
Aluminium Entry Gates	
07-08	
21-22	
14	
0	
7	
2 Each	
1,600.00	
3,200	
Aluminium Fencing	07-08	37-38	30	0	23	652 Linear Feet	31.00	20,212	
Dumpster Fencing & Gates	07-08	25-26	18	0	11	48 Linear Feet	26.00	1,248	
Vinyl Fencing	07-08	37-38	30	0	23	82 Linear Feet	26.00	2,132	
Wood Fence	07-08	29-30	22	0	15	304 Linear Feet	15.00	  4,560	
Fencing - Total								$31,352	
Building Components
Folding Partition - Meeting Room	
07-08	
35-36	
28	
0	
21	
13 Linear Feet	
200.00	
2,600	
Toilet Partitions - Clubhouse Mens Room	07-08	32-33	25	0	18	1 Stalls	2,000.00	2,000	
Toilet Partitions - Clubhouse Womens Roo..	07-08	32-33	25	0	18	2 Stalls	2,000.00	4,000	
Toilet Partitions - Mens Locker Room	07-08	32-33	25	0	18	3 Stalls	2,000.00	6,000	
Toilet Partitions - Womens Locker Room	07-08	32-33	25	0	18	7 Stalls	2,000.00	14,000	
Wall Tile - Clubhouse Mens Room	07-08	27-28	20	0	13	380 Square Feet	10.50	3,990	
Wall Tile - Clubhouse Womens Room	07-08	27-28	20	0	13	380 Square Feet	10.50	3,990	
Wall Tile - Mens Locker Room	07-08	27-28	20	0	13	400 Square Feet	10.50	4,200	
Wall Tile - Womens Locker Room	07-08	27-28	20	0	13	480 Square Feet	10.50	  5,040	
Building Components - Total								$45,820	
Roofing
Metal Roof - Clubhouse	
07-08	
37-38	
30	
0	
23	
12,200 Square Feet	
12.50	
152,500	
Metal Roof - Pool Slide Tower	07-08	37-38	30	0	23	80 Square Feet	12.50		1,000	
Roofing - Total								$153,500	
Cabinets & Tops
Base Cabinets & Tops - Serving Room	
07-08	
27-28	
20	
0	
13	
29 Linear Feet	
150.00	
4,350	
Cabinets & Top - Outdoor Gathering	07-08	25-26	18	0	11	15 Linear Feet	200.00	3,000	
Cabinets & Tops - Meeting Area	07-08	27-28	20	0	13	14 Linear Feet	250.00	3,500	
Cabinets & Tops - Mens Locker Room	07-08	22-23	15	0	8	8 Linear Feet	200.00	1,600	
Cabinets & Tops - Womens Locker Room	07-08	22-23	15	0	8	8 Linear Feet	200.00	1,600	
Vanity & Top - Clubhouse Mens Room	07-08	22-23	15	0	8	1 Each	1,800.00	1,800	
Vanity & Top - Clubhouse Womens Room	07-08	22-23	15	0	8	1 Each	2,200.00	2,200	
Wall Cabinets - Serving Room	07-08	27-28	20	0	13	12 Linear Feet	100.00	  1,200	
Cabinets & Tops - Total								$19,250	

Painting
Interior Painting - Clubhouse	
07-08	
19-20	
8	
4	
5	
9,100 Square Feet	
0.45	
4,095	
Painting - Clubhouse Exterior Siding & Tr..	07-08	21-22	10	4	7	4,130 Square Feet	1.05	4,336	
Painting - Entry Feature Wall A	07-08	19-20	12	0	5	700 Square Feet	2.40	1,680	
Painting - Entry Feature Wall B	07-08	19-20	12	0	5	700 Square Feet	2.40	1,680	
Painting - Lanai Ceilings & Soffits	07-08	19-20	10	2	5	3,200 Square Feet	1.40	4,480	
Painting - Outdoor Gathering Ceiling	07-08	19-20	10	2	5	2,600 Square Feet	2.40	6,240	
Painting - Pool Equipment Yard	07-08	21-22	10	4	7	900 Square Feet	0.85	765	
Painting - Pool Slide Stairs	07-08	14-15	8	-1	0	1 Lump Sum	3,000.00	  3,000	
Painting - Total								$26,276	
Flooring
Carpet - Clubhouse	
07-08	
19-20	
8	
4	
5	
128 Square Yards	
36.00	
4,608	
Rubber Floor - Fitness Room	07-08	22-23	15	0	8	76 Square Yards	55.00	4,180	
Tile Floor - Clubhouse Mens Room	07-08	27-28	20	0	13	140 Square Feet	12.75	1,785	
Tile Floor - Clubhouse Womens Room	07-08	27-28	20	0	13	140 Square Feet	12.75	1,785	
Tile Floor - Serving Room	07-08	27-28	20	0	13	260 Square Feet	12.75	3,315	
Tile Floor - Womens Locker Room	07-08	27-28	20	0	13	400 Square Feet	12.75	5,100	
Tile Floor- Mens Locker Room	07-08	27-28	20	0	13	360 Square Feet	12.75	4,590	
Vinyl Plank Floor - Children's Activity Ro..	07-08	32-33	25	0	18	456 Square Feet	8.00	3,648	
Wood Floor - Family Gathering Room	07-08	37-38	30	0	23	840 Square Feet	9.85	  8,274	
Flooring - Total								$37,285	
Furniture Fixtures & Equipment
Fitness Equipment Replacement Allowance	
07-08	
14-15	
1	
0	
0	
1 Lump Sum	
2,500.00	
2,500	
Furniture - Children's Activity Room	07-08	23-24	12	4	9	1 Lump Sum	4,000.00	4,000	
Furniture - Meeting Area	07-08	21-22	14	0	7	1 Lump Sum	2,500.00	2,500	
Furniture Replacement - Family Gathering..	07-08	21-22	14	0	7	1 Lump Sum	3,500.00	3,500	
Metal Lockers - Mens Locker Room	07-08	27-28	20	0	13	6 Each	50.00	300	
Metal Lockers - Womens Locker Room	07-08	27-28	20	0	13	6 Square Feet	50.00	300	
Office Furniture	07-08	27-28	20	0	13	1 Lump Sum	2,000.00	2,000	
Playground Equipment Replacement Allo..	12-13	27-28	15	0	13	1 Lump Sum	18,000.00	18,000	
Pool & Patio Furniture Replacement Allo..	07-08	14-15	1	0	0	1 Lump Sum	2,000.00	2,000	
Refrigerator	07-08	19-20	12	0	5	1 Each	1,200.00	1,200	
Wood Benches	07-08	22-23	12	3	8	2 Each	1,000.00	  2,000	
Furniture Fixtures & Equipment - Total								$38,300	
Mechanical Systems
HVAC Unit 1	
07-08	
22-23	
15	
0	
8	
5 Tons	
1,200.00	
6,000	
HVAC Unit 2	07-08	23-24	15	1	9	5 Tons	1,200.00	6,000	
HVAC Unit 3	07-08	25-26	16	2	11	7 Tons	1,200.00	  8,400	
Mechanical Systems - Total								$20,400	

Electrical Systems
Access Control System	
07-08	
22-23	
15	
0	
8	
1 Lump Sum	
3,500.00	
3,500	
Ceiling Fans - Exterior	07-08	20-21	10	3	6	13 Each	400.00	5,200	
Ceiling Fans - Family Gathering Room	07-08	24-25	12	5	10	3 Each	400.00	1,200	
Ceiling Fans - Fitness Center	07-08	19-20	12	0	5	3 Each	300.00	900	
Fire Alarm Panel Upgrades	07-08	27-28	20	0	13	1 Lump Sum	1,600.00	1,600	
Light Poles (Concrete) - Parking Lot	07-08	47-48	40	0	33	5 Each	4,000.00	20,000	
Light Poles - Parking Lot	07-08	29-30	22	0	15	6 Each	2,600.00	15,600	
Light Poles - Playgound & Trail	07-08	29-30	22	0	15	10 Each	2,600.00	26,000	
Light Poles - Pool	07-08	29-30	22	0	15	8 Each	3,600.00	28,800	
Security Camera System Allowance	07-08	14-15	5	0	0	1 Lump Sum	3,500.00		3,500	
Electrical Systems - Total								$106,300	
Plumbing Systems
Plumbing Fixture Replacement - Clubhous..	
07-08	
27-28	
20	
0	
13	
3 Each	
1,000.00	
3,000	
Plumbing Fixture Replacement - Clubhous..	07-08	27-28	20	0	13	Each	1,000.00	1,000	
Plumbing Fixtures - Mens Locker Room	07-08	23-24	16	0	9	6 Each	1,000.00	6,000	
Plumbing Fixtures - Womens Locker Room	07-08	23-24	16	0	9	8 Each	1,000.00	8,000	
Water Cooler - Fitness Center	07-08	19-20	12	0	5	1 Each	900.00	900	
Water Cooler - Pool	07-08	19-20	12	0	5	2 Each	900.00	1,800	
Water Heater - Clubhouse	07-08	19-20	12	0	5	40 Gallon	25.00	  1,000	
Plumbing Systems - Total								$21,700	
Swimming Pool
Pool Handicap Lift	
12-13	
27-28	
15	
0	
13	
1 Each	
3,800.00	
3,800	
Pool Pumps & Equipment Annual Allowa..	07-08	14-15	1	0	0	1 Lump Sum	3,000.00	3,000	
Pool Resurfacing	07-08	14-15	12	-5	0	1 Lump Sum	98,000.00	98,000	
Pool Shade Structure # 1 Fabric	07-08	14-15	12	-5	0	380 Square Feet	6.50	2,470	
Pool Shade Structure # 2 Fabric	07-08	15-16	12	-4	1	380 Square Feet	6.50	2,470	
Pool Shade Structure # 3 Fabric	07-08	16-17	12	-3	2	380 Square Feet	6.50	2,470	
Pool Slide Refurbishment Allowance	07-08	22-23	15	0	8	1 Lump Sum	6,000.00	6,000	
Pool Slide Tower Stair Refurbishment	07-08	14-15	10	-4	0	1 Lump Sum	3,000.00	3,000	
Pool Splash Equipment Allowance	07-08	23-24	12	4	9	1 Lump Sum	10,000.00	  10,000	
Swimming Pool - Total								$131,210	

Total Asset Summary	$680,601

Description	Expenditures	
Replacement Year 14-15
Fitness Equipment Replacement Allowance	
2,500	
Painting - Pool Slide Stairs	3,000	
Pool & Patio Furniture Replacement Allowance	2,000	
Pool Pumps & Equipment Annual Allowance	3,000	
Pool Resurfacing	98,000	
Pool Shade Structure # 1 Fabric	2,470	
Pool Slide Tower Stair Refurbishment	3,000	
Security Camera System Allowance	3,500	
Total for 2014 - 2015	
$117,470	
Replacement Year 15-16
Fitness Equipment Replacement Allowance	
2,575	
Pool & Patio Furniture Replacement Allowance	2,060	
Pool Pumps & Equipment Annual Allowance	3,090	
Pool Shade Structure # 2 Fabric	2,544	
Total for 2015 - 2016	
$10,269	
Replacement Year 16-17
Fitness Equipment Replacement Allowance	
2,652	
Pool & Patio Furniture Replacement Allowance	2,122	
Pool Pumps & Equipment Annual Allowance	3,183	
Pool Shade Structure # 3 Fabric	2,620	
Total for 2016 - 2017	
$10,577	
Replacement Year 17-18
Fitness Equipment Replacement Allowance	
2,732	
Pool & Patio Furniture Replacement Allowance	2,185	
Pool Pumps & Equipment Annual Allowance	3,278	
Total for 2017 - 2018	
$8,195	
Replacement Year 18-19
Fitness Equipment Replacement Allowance	
2,814	
Pool & Patio Furniture Replacement Allowance	2,251	
Pool Pumps & Equipment Annual Allowance	3,377	
Total for 2018 - 2019	
$8,441	
Replacement Year 19-20
Carpet - Clubhouse	
5,342	

Description	Expenditures	
Replacement Year 19-20 continued...
Ceiling Fans - Fitness Center	
1,043	
Fitness Equipment Replacement Allowance	2,898	
Interior Painting - Clubhouse	4,747	
Monument Sign A Refurbishment	2,087	
Painting - Entry Feature Wall A	1,948	
Painting - Entry Feature Wall B	1,948	
Painting - Lanai Ceilings & Soffits	5,194	
Painting - Outdoor Gathering Ceiling	7,234	
Pool & Patio Furniture Replacement Allowance	2,319	
Pool Pumps & Equipment Annual Allowance	3,478	
Refrigerator	1,391	
Security Camera System Allowance	4,057	
Water Cooler - Fitness Center	1,043	
Water Cooler - Pool	2,087	
Water Heater - Clubhouse	1,159	
Total for 2019 - 2020	
$47,974	
Replacement Year 20-21
Ceiling Fans - Exterior	
6,209	
Fitness Equipment Replacement Allowance	2,985	
Pool & Patio Furniture Replacement Allowance	2,388	
Pool Pumps & Equipment Annual Allowance	3,582	
Total for 2020 - 2021	
$15,164	
Replacement Year 21-22
Aluminium Entry Gates	
3,936	
Fitness Equipment Replacement Allowance	3,075	
Furniture - Meeting Area	3,075	
Furniture Replacement - Family Gathering Room	4,305	
Painting - Clubhouse Exterior Siding & Trim	5,333	
Painting - Pool Equipment Yard	941	
Pool & Patio Furniture Replacement Allowance	2,460	
Pool Pumps & Equipment Annual Allowance	3,690	
Total for 2021 - 2022	
$26,813	
Replacement Year 22-23
Access Control System	
4,434	
Cabinets & Tops - Mens Locker Room	2,027	

Description	Expenditures	
Replacement Year 22-23 continued...
Cabinets & Tops - Womens Locker Room	
2,027	
Fitness Equipment Replacement Allowance	3,167	
HVAC Unit 1	7,601	
Painting - Pool Slide Stairs	3,800	
Pool & Patio Furniture Replacement Allowance	2,534	
Pool Pumps & Equipment Annual Allowance	3,800	
Pool Slide Refurbishment Allowance	7,601	
Rubber Floor - Fitness Room	5,295	
Vanity & Top - Clubhouse Mens Room	2,280	
Vanity & Top - Clubhouse Womens Room	2,787	
Wood Benches	2,534	
Total for 2022 - 2023	
$49,885	
Replacement Year 23-24
Fitness Equipment Replacement Allowance	
3,262	
Furniture - Children's Activity Room	5,219	
HVAC Unit 2	7,829	
Plumbing Fixtures - Mens Locker Room	7,829	
Plumbing Fixtures - Womens Locker Room	10,438	
Pool & Patio Furniture Replacement Allowance	2,610	
Pool Pumps & Equipment Annual Allowance	3,914	
Pool Splash Equipment Allowance	13,048	
Total for 2023 - 2024	
$54,148	
Replacement Year 24-25
Ceiling Fans - Family Gathering Room	
1,613	
Fitness Equipment Replacement Allowance	3,360	
Pool & Patio Furniture Replacement Allowance	2,688	
Pool Pumps & Equipment Annual Allowance	4,032	
Pool Slide Tower Stair Refurbishment	4,032	
Security Camera System Allowance	4,704	
Total for 2024 - 2025	
$20,428	
Replacement Year 25-26
Cabinets & Top - Outdoor Gathering	
4,153	
Dumpster Fencing & Gates	1,728	
Fitness Equipment Replacement Allowance	3,461	
HVAC Unit 3	11,628	

Description	Expenditures	
Replacement Year 25-26 continued...
Pool & Patio Furniture Replacement Allowance	
2,768	
Pool Pumps & Equipment Annual Allowance	4,153	
Total for 2025 - 2026	
$27,890	
Replacement Year 26-27
Fitness Equipment Replacement Allowance	
3,564	
Pool & Patio Furniture Replacement Allowance	2,852	
Pool Pumps & Equipment Annual Allowance	4,277	
Pool Resurfacing	139,725	
Pool Shade Structure # 1 Fabric	3,522	
Total for 2026 - 2027	
$153,939	
Replacement Year 27-28
Base Cabinets & Tops - Serving Room	
6,388	
Cabinets & Tops - Meeting Area	5,140	
Carpet - Clubhouse	6,767	
Fire Alarm Panel Upgrades	2,350	
Fitness Equipment Replacement Allowance	3,671	
Interior Painting - Clubhouse	6,014	
Metal Lockers - Mens Locker Room	441	
Metal Lockers - Womens Locker Room	441	
Office Furniture	2,937	
Playground Equipment Replacement Allowance	26,434	
Plumbing Fixture Replacement - Clubhouse Mens Room	4,406	
Plumbing Fixture Replacement - Clubhouse Womens Room	1,469	
Pool & Patio Furniture Replacement Allowance	2,937	
Pool Handicap Lift	5,580	
Pool Pumps & Equipment Annual Allowance	4,406	
Pool Shade Structure # 2 Fabric	3,627	
Tile Floor - Clubhouse Mens Room	2,621	
Tile Floor - Clubhouse Womens Room	2,621	
Tile Floor - Serving Room	4,868	
Tile Floor - Womens Locker Room	7,490	
Tile Floor- Mens Locker Room	6,741	
Wall Cabinets - Serving Room	1,762	
Wall Tile - Clubhouse Mens Room	5,859	
Wall Tile - Clubhouse Womens Room	5,859	
Wall Tile - Mens Locker Room	6,168	

Description	Expenditures	
Replacement Year 27-28 continued...
Wall Tile - Womens Locker Room	
7,401	
Wood Pergola A	4,229	
Wood Pergola B	4,229	
Total for 2027 - 2028	
$142,856	
Replacement Year 28-29
Fitness Equipment Replacement Allowance	
3,781	
Pool & Patio Furniture Replacement Allowance	3,025	
Pool Pumps & Equipment Annual Allowance	4,538	
Pool Shade Structure # 3 Fabric	3,736	
Total for 2028 - 2029	
$15,081	
Replacement Year 29-30
Fitness Equipment Replacement Allowance	
3,895	
Light Poles - Parking Lot	24,304	
Light Poles - Playgound & Trail	40,507	
Light Poles - Pool	44,869	
Painting - Lanai Ceilings & Soffits	6,980	
Painting - Outdoor Gathering Ceiling	9,722	
Pool & Patio Furniture Replacement Allowance	3,116	
Pool Pumps & Equipment Annual Allowance	4,674	
Security Camera System Allowance	5,453	
Wood Fence	7,104	
Total for 2029 - 2030	
$150,624	
Replacement Year 30-31
Ceiling Fans - Exterior	
8,344	
Fitness Equipment Replacement Allowance	4,012	
Painting - Pool Slide Stairs	4,814	
Pool & Patio Furniture Replacement Allowance	3,209	
Pool Pumps & Equipment Annual Allowance	4,814	
Total for 2030 - 2031	
$25,194	
Replacement Year 31-32
Ceiling Fans - Fitness Center	
1,488	
Fitness Equipment Replacement Allowance	4,132	
Monument Sign A Refurbishment	2,975	

Description	Expenditures	
Replacement Year 31-32 continued...
Painting - Clubhouse Exterior Siding & Trim	
7,168	
Painting - Entry Feature Wall A	2,777	
Painting - Entry Feature Wall B	2,777	
Painting - Pool Equipment Yard	1,264	
Pool & Patio Furniture Replacement Allowance	3,306	
Pool Pumps & Equipment Annual Allowance	4,959	
Refrigerator	1,983	
Water Cooler - Fitness Center	1,488	
Water Cooler - Pool	2,975	
Water Heater - Clubhouse	1,653	
Total for 2031 - 2032	
$38,944	
Replacement Year 32-33
Asphalt Resurfacing	
53,116	
Concrete Curbing	7,491	
Concrete Walks	8,253	
Fitness Equipment Replacement Allowance	4,256	
Monument Sign B Refurbishment	2,043	
Pool & Patio Furniture Replacement Allowance	3,405	
Pool Pumps & Equipment Annual Allowance	5,107	
Toilet Partitions - Clubhouse Mens Room	3,405	
Toilet Partitions - Clubhouse Womens Room	6,810	
Toilet Partitions - Mens Locker Room	10,215	
Toilet Partitions - Womens Locker Room	23,834	
Vinyl Plank Floor - Children's Activity Room	6,210	
Total for 2032 - 2033	
$134,145	
Replacement Year 33-34
Fitness Equipment Replacement Allowance	
4,384	
Pool & Patio Furniture Replacement Allowance	3,507	
Pool Pumps & Equipment Annual Allowance	5,261	
Total for 2033 - 2034	
$13,151	
Replacement Year 34-35
Fitness Equipment Replacement Allowance	
4,515	
Pool & Patio Furniture Replacement Allowance	3,612	
Pool Pumps & Equipment Annual Allowance	5,418	
Pool Slide Tower Stair Refurbishment	5,418	

Description	Expenditures	
Replacement Year 34-35 continued...
Security Camera System Allowance	
6,321	
Wood Benches	3,612	
Total for 2034 - 2035	
$28,898	
Replacement Year 35-36
Aluminium Entry Gates	
5,953	
Carpet - Clubhouse	8,572	
Fitness Equipment Replacement Allowance	4,651	
Folding Partition - Meeting Room	4,837	
Furniture - Children's Activity Room	7,441	
Furniture - Meeting Area	4,651	
Furniture Replacement - Family Gathering Room	6,511	
Interior Painting - Clubhouse	7,618	
Pool & Patio Furniture Replacement Allowance	3,721	
Pool Pumps & Equipment Annual Allowance	5,581	
Pool Splash Equipment Allowance	18,603	
Total for 2035 - 2036	
$78,138	
Replacement Year 36-37
Ceiling Fans - Family Gathering Room	
2,299	
Fitness Equipment Replacement Allowance	4,790	
Pool & Patio Furniture Replacement Allowance	3,832	
Pool Pumps & Equipment Annual Allowance	5,748	
Total for 2036 - 2037	
$16,670	
Replacement Year 37-38
Access Control System	
6,908	
Aluminium Fencing	39,890	
Cabinets & Tops - Mens Locker Room	3,158	
Cabinets & Tops - Womens Locker Room	3,158	
Fitness Equipment Replacement Allowance	4,934	
HVAC Unit 1	11,842	
Metal Roof - Clubhouse	300,972	
Metal Roof - Pool Slide Tower	1,974	
Pool & Patio Furniture Replacement Allowance	3,947	
Pool Pumps & Equipment Annual Allowance	5,921	
Pool Slide Refurbishment Allowance	11,842	
Rubber Floor - Fitness Room	8,250	

Description	Expenditures	
Replacement Year 37-38 continued...
Vanity & Top - Clubhouse Mens Room	
3,552	
Vanity & Top - Clubhouse Womens Room	4,342	
Vinyl Fencing	4,208	
Wood Floor - Family Gathering Room	16,329	
Total for 2037 - 2038	
$431,225	
Replacement Year 38-39
Fitness Equipment Replacement Allowance	
5,082	
HVAC Unit 2	12,197	
Painting - Pool Slide Stairs	6,098	
Pool & Patio Furniture Replacement Allowance	4,066	
Pool Pumps & Equipment Annual Allowance	6,098	
Pool Resurfacing	199,214	
Pool Shade Structure # 1 Fabric	5,021	
Total for 2038 - 2039	
$237,776	
Replacement Year 39-40
Fitness Equipment Replacement Allowance	
5,234	
Painting - Lanai Ceilings & Soffits	9,380	
Painting - Outdoor Gathering Ceiling	13,065	
Plumbing Fixtures - Mens Locker Room	12,563	
Plumbing Fixtures - Womens Locker Room	16,750	
Pool & Patio Furniture Replacement Allowance	4,188	
Pool Pumps & Equipment Annual Allowance	6,281	
Pool Shade Structure # 2 Fabric	5,172	
Security Camera System Allowance	7,328	
Total for 2039 - 2040	
$79,961	
Replacement Year 40-41
Ceiling Fans - Exterior	
11,214	
Fitness Equipment Replacement Allowance	5,391	
Pool & Patio Furniture Replacement Allowance	4,313	
Pool Pumps & Equipment Annual Allowance	6,470	
Pool Shade Structure # 3 Fabric	5,327	
Total for 2040 - 2041	
$32,715	
Replacement Year 41-42
Fitness Equipment Replacement Allowance	
5,553	

Description	Expenditures	
Replacement Year 41-42 continued...
HVAC Unit 3	
18,659	
Painting - Clubhouse Exterior Siding & Trim	9,633	
Painting - Pool Equipment Yard	1,699	
Pool & Patio Furniture Replacement Allowance	4,443	
Pool Pumps & Equipment Annual Allowance	6,664	
Total for 2041 - 2042	
$46,650	
Replacement Year 42-43
Fitness Equipment Replacement Allowance	
5,720	
Playground Equipment Replacement Allowance	41,183	
Pool & Patio Furniture Replacement Allowance	4,576	
Pool Handicap Lift	8,694	
Pool Pumps & Equipment Annual Allowance	6,864	
Total for 2042 - 2043	
$67,036	
Replacement Year 43-44
Cabinets & Top - Outdoor Gathering	
7,070	
Carpet - Clubhouse	10,859	
Ceiling Fans - Fitness Center	2,121	
Dumpster Fencing & Gates	2,941	
Fitness Equipment Replacement Allowance	5,891	
Interior Painting - Clubhouse	9,650	
Monument Sign A Refurbishment	4,242	
Painting - Entry Feature Wall A	3,959	
Painting - Entry Feature Wall B	3,959	
Pool & Patio Furniture Replacement Allowance	4,713	
Pool Pumps & Equipment Annual Allowance	7,070	
Refrigerator	2,828	
Water Cooler - Fitness Center	2,121	
Water Cooler - Pool	4,242	
Water Heater - Clubhouse	2,357	
Total for 2043 - 2044	
$74,022	

	14-15	15-16	16-17	17-18	18-19	19-20	20-21	21-22	22-23	23-24	
Beginning Balance	110,000	41,341	82,122	124,917	172,556	222,502	234,776	282,465	320,979	338,537	
Annual Assessment	48,000	49,440	50,923	52,451	54,024	55,645	57,315	59,034	60,805	62,629	
Interest Earned	811	1,610	2,449	3,383	4,363	4,603	5,539	6,294	6,638	6,940	
Expenditures	117,470	10,269	10,577	8,195	8,441	47,974	15,164	26,813	49,885	54,148	
Fully Funded Reserves	223,125	264,651	308,395	357,224	408,706	424,303	474,860	517,054	539,127	559,706	
Percent Fully Funded	19%	31%	41%	48%	54%	55%	59%	62%	63%	63%	
Ending Balance	41,341	82,122	124,917	172,556	222,502	234,776	282,465	320,979	338,537	353,958	

Description			
Site Components			
Asphalt Resurfacing			
Concrete Curbing			
Concrete Walks			
Monument Sign A Refurbishment	2,087		
Monument Sign B Refurbishment			
Wood Pergola A			
Wood Pergola B			
Site Components Total:	2,087		
Fencing			
Aluminium Entry Gates		3,936	
Aluminium Fencing			
Dumpster Fencing & Gates			
Vinyl Fencing			
Wood Fence			
Fencing Total:		3,936	
Building Components			
Folding Partition - Meeting Room			
Toilet Partitions - Clubhouse Mens Room			
Toilet Partitions - Clubhouse Womens Room			
Toilet Partitions - Mens Locker Room			
Toilet Partitions - Womens Locker Room			
Wall Tile - Clubhouse Mens Room			
Wall Tile - Clubhouse Womens Room			

	14-15	15-16	16-17	17-18	18-19	19-20	20-21	21-22	22-23	23-24	
Description
Building Components continued...											
Wall Tile - Mens Locker Room											
Wall Tile - Womens Locker Room											
Building Components Total:											
Roofing											
Metal Roof - Clubhouse											
Metal Roof - Pool Slide Tower											
Roofing Total:											
Cabinets & Tops											
Base Cabinets & Tops - Serving Room											
Cabinets & Top - Outdoor Gathering											
Cabinets & Tops - Meeting Area											
Cabinets & Tops - Mens Locker Room									2,027		
Cabinets & Tops - Womens Locker Room									2,027		
Vanity & Top - Clubhouse Mens Room									2,280		
Vanity & Top - Clubhouse Womens Room									2,787		
Wall Cabinets - Serving Room											
Cabinets & Tops Total:									9,121		
Painting											
Interior Painting - Clubhouse						4,747					
Painting - Clubhouse Exterior Siding & Trim								5,333			
Painting - Entry Feature Wall A						1,948					
Painting - Entry Feature Wall B						1,948					
Painting - Lanai Ceilings & Soffits						5,194					
Painting - Outdoor Gathering Ceiling						7,234					
Painting - Pool Equipment Yard								941			
Painting - Pool Slide Stairs	3,000								3,800		
Painting Total:	3,000					21,070		6,274	3,800		
Flooring											
Carpet - Clubhouse						5,342					
Rubber Floor - Fitness Room									5,295		

14-15	15-16	16-17	17-18	18-19	19-20	20-21	21-22	22-23	23-24
Description

Tile Floor - Clubhouse Mens Room Tile Floor - Clubhouse Womens Room

Flooring continued...
Tile Floor - Serving Room

Tile Floor- Mens Locker Room
Vinyl Plank Floor - Children's Activity Room

Tile Floor - Womens Locker Room
Wood Floor - Family Gathering Room

Flooring Total:	5,342	5,295

Fitness Equipment Replacement Allowance Furniture - Children's Activity Room

2,500

2,575

2,652

2,732

2,814

2,898

2,985

3,075

3,167

3,262
5,219

Furniture Fixtures & Equipment
Furniture - Meeting Area	3,075

Metal Lockers - Mens Locker Room Metal Lockers - Womens Locker Room

Furniture Replacement - Family Gathering Ro..	4,305
Office Furniture

Pool & Patio Furniture Replacement Allowance Refrigerator

2,000

2,060

2,122

2,185

2,251

2,319
1,391

2,388

2,460

2,534

2,610

Playground Equipment Replacement Allowan..
Wood Benches	2,534

Furniture Fixtures & Equipment Total:	4,500	4,635	4,774	4,917	5,065	6,608	5,373	12,914	8,234	11,091

HVAC Unit 1
HVAC Unit 2

7,601

7,829

Mechanical Systems
HVAC Unit 3

Mechanical Systems Total:	7,601	7,829

Access Control System Ceiling Fans - Exterior

4,434

6,209

Electrical Systems
Ceiling Fans - Family Gathering Room
Ceiling Fans - Fitness Center	1,043

	14-15	15-16	16-17	17-18	18-19	19-20	20-21	21-22	22-23	23-24	
Description
Electrical Systems continued...											
Fire Alarm Panel Upgrades											
Light Poles (Concrete) - Parking Lot											
Light Poles - Parking Lot											
Light Poles - Playgound & Trail											
Light Poles - Pool											
Security Camera System Allowance	3,500					4,057					
Electrical Systems Total:	3,500					5,101	6,209		4,434		
Plumbing Systems											
Plumbing Fixture Replacement - Clubhouse ..											
Plumbing Fixture Replacement - Clubhouse ..											
Plumbing Fixtures - Mens Locker Room										7,829	
Plumbing Fixtures - Womens Locker Room										10,438	
Water Cooler - Fitness Center						1,043					
Water Cooler - Pool						2,087					
Water Heater - Clubhouse						1,159					
Plumbing Systems Total:						4,289				18,267	
Swimming Pool											
Pool Handicap Lift											
Pool Pumps & Equipment Annual Allowance	3,000	3,090	3,183	3,278	3,377	3,478	3,582	3,690	3,800	3,914	
Pool Resurfacing	98,000										
Pool Shade Structure # 1 Fabric	2,470										
Pool Shade Structure # 2 Fabric		2,544									
Pool Shade Structure # 3 Fabric			2,620								
Pool Slide Refurbishment Allowance									7,601		
Pool Slide Tower Stair Refurbishment	3,000										
Pool Splash Equipment Allowance										13,048	
Swimming Pool Total:	106,470	5,634	5,803	3,278	3,377	3,478	3,582	3,690	11,401	16,962	
Year Total:	117,470	10,269	10,577	8,195	8,441	47,974	15,164	26,813	49,885	54,148	

	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	
Beginning Balance	353,958	406,000	453,444	375,300	308,993	373,847	303,965	362,913	411,372	366,123	
Annual Assessment	64,508	66,443	68,437	70,490	72,604	74,782	77,026	79,337	81,717	84,168	
Interest Earned	7,961	8,891	7,359	6,059	7,330	5,960	7,116	8,066	7,179	8,743	
Expenditures	20,428	27,890	153,939	142,856	15,081	150,624	25,194	38,944	134,145	13,151	
Fully Funded Reserves	616,418	669,262	599,508	540,668	609,819	547,542	610,928	664,631	626,972	711,475	
Percent Fully Funded	66%	68%	63%	57%	61%	56%	59%	62%	58%	63%	
Ending Balance	406,000	453,444	375,300	308,993	373,847	303,965	362,913	411,372	366,123	445,883	

Description						
Site Components						
Asphalt Resurfacing					53,116	
Concrete Curbing					7,491	
Concrete Walks					8,253	
Monument Sign A Refurbishment				2,975		
Monument Sign B Refurbishment					2,043	
Wood Pergola A		4,229				
Wood Pergola B		4,229				
Site Components Total:		8,459		2,975	70,903	
Fencing						
Aluminium Entry Gates						
Aluminium Fencing						
Dumpster Fencing & Gates	1,728					
Vinyl Fencing						
Wood Fence			7,104			
Fencing Total:	1,728		7,104			
Building Components						
Folding Partition - Meeting Room						
Toilet Partitions - Clubhouse Mens Room					3,405	
Toilet Partitions - Clubhouse Womens Room					6,810	
Toilet Partitions - Mens Locker Room					10,215	
Toilet Partitions - Womens Locker Room					23,834	
Wall Tile - Clubhouse Mens Room		5,859				
Wall Tile - Clubhouse Womens Room		5,859				

	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	
Description
Building Components continued...											
Wall Tile - Mens Locker Room				6,168							
Wall Tile - Womens Locker Room				7,401							
Building Components Total:				25,288					44,263		
Roofing											
Metal Roof - Clubhouse											
Metal Roof - Pool Slide Tower											
Roofing Total:											
Cabinets & Tops											
Base Cabinets & Tops - Serving Room				6,388							
Cabinets & Top - Outdoor Gathering		4,153									
Cabinets & Tops - Meeting Area				5,140							
Cabinets & Tops - Mens Locker Room											
Cabinets & Tops - Womens Locker Room											
Vanity & Top - Clubhouse Mens Room											
Vanity & Top - Clubhouse Womens Room											
Wall Cabinets - Serving Room				1,762							
Cabinets & Tops Total:		4,153		13,290							
Painting											
Interior Painting - Clubhouse				6,014							
Painting - Clubhouse Exterior Siding & Trim								7,168			
Painting - Entry Feature Wall A								2,777			
Painting - Entry Feature Wall B								2,777			
Painting - Lanai Ceilings & Soffits						6,980					
Painting - Outdoor Gathering Ceiling						9,722					
Painting - Pool Equipment Yard								1,264			
Painting - Pool Slide Stairs							4,814				
Painting Total:				6,014		16,701	4,814	13,986			
Flooring											
Carpet - Clubhouse				6,767							
Rubber Floor - Fitness Room											

24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34
Description

Tile Floor - Clubhouse Mens Room Tile Floor - Clubhouse Womens Room

2,621
2,621

Flooring continued...
Tile Floor - Serving Room	4,868

Tile Floor- Mens Locker Room
Vinyl Plank Floor - Children's Activity Room

6,741

6,210

Tile Floor - Womens Locker Room	7,490
Wood Floor - Family Gathering Room

Flooring Total:	31,108	6,210

Fitness Equipment Replacement Allowance Furniture - Children's Activity Room

3,360

3,461

3,564

3,671

3,781

3,895

4,012

4,132

4,256

4,384

Furniture Fixtures & Equipment
Furniture - Meeting Area

Metal Lockers - Mens Locker Room Metal Lockers - Womens Locker Room

441
441

Furniture Replacement - Family Gathering Ro..
Office Furniture	2,937

Pool & Patio Furniture Replacement Allowance Refrigerator

2,688

2,768

2,852

2,937

3,025

3,116

3,209

3,306
1,983

3,405

3,507

Playground Equipment Replacement Allowan..	26,434
Wood Benches

Furniture Fixtures & Equipment Total:	6,048	6,229	6,416	36,860	6,807	7,011	7,221	9,421	7,661	7,891

HVAC Unit 1
HVAC Unit 2

Mechanical Systems
HVAC Unit 3	11,628

Mechanical Systems Total:	11,628

Access Control System Ceiling Fans - Exterior

8,344

Electrical Systems
Ceiling Fans - Family Gathering Room	1,613
Ceiling Fans - Fitness Center	1,488

	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	
Description
Electrical Systems continued...											
Fire Alarm Panel Upgrades				2,350							
Light Poles (Concrete) - Parking Lot											
Light Poles - Parking Lot						24,304					
Light Poles - Playgound & Trail						40,507					
Light Poles - Pool						44,869					
Security Camera System Allowance	4,704					5,453					
Electrical Systems Total:	6,316			2,350		115,134	8,344	1,488			
Plumbing Systems											
Plumbing Fixture Replacement - Clubhouse ..				4,406							
Plumbing Fixture Replacement - Clubhouse ..				1,469							
Plumbing Fixtures - Mens Locker Room											
Plumbing Fixtures - Womens Locker Room											
Water Cooler - Fitness Center								1,488			
Water Cooler - Pool								2,975			
Water Heater - Clubhouse								1,653			
Plumbing Systems Total:				5,874				6,116			
Swimming Pool											
Pool Handicap Lift				5,580							
Pool Pumps & Equipment Annual Allowance	4,032	4,153	4,277	4,406	4,538	4,674	4,814	4,959	5,107	5,261	
Pool Resurfacing			139,725								
Pool Shade Structure # 1 Fabric			3,522								
Pool Shade Structure # 2 Fabric				3,627							
Pool Shade Structure # 3 Fabric					3,736						
Pool Slide Refurbishment Allowance											
Pool Slide Tower Stair Refurbishment	4,032										
Pool Splash Equipment Allowance											
Swimming Pool Total:	8,063	4,153	147,523	13,613	8,274	4,674	4,814	4,959	5,107	5,261	
Year Total:	20,428	27,890	153,939	142,856	15,081	150,624	25,194	38,944	134,145	13,151	

	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Beginning Balance	445,883	513,752	535,406	622,923	292,159	154,997	179,047	254,845	321,113	371,175	
Annual Assessment	86,693	89,294	91,973	94,732	97,574	100,501	103,516	106,622	109,821	113,115	
Interest Earned	10,074	10,498	12,214	5,729	3,039	3,511	4,997	6,296	7,278	8,205	
Expenditures	28,898	78,138	16,670	431,225	237,776	79,961	32,715	46,650	67,036	74,022	
Fully Funded Reserves	785,131	814,193	908,104	592,862	464,274	492,385	571,410	641,779	696,871	749,715	
Percent Fully Funded	65%	66%	69%	49%	33%	36%	45%	50%	53%	56%	
Ending Balance	513,752	535,406	622,923	292,159	154,997	179,047	254,845	321,113	371,175	418,474	

Description				
Site Components				
Asphalt Resurfacing				
Concrete Curbing				
Concrete Walks				
Monument Sign A Refurbishment			4,242	
Monument Sign B Refurbishment				
Wood Pergola A				
Wood Pergola B				
Site Components Total:			4,242	
Fencing				
Aluminium Entry Gates	5,953			
Aluminium Fencing		39,890		
Dumpster Fencing & Gates			2,941	
Vinyl Fencing		4,208		
Wood Fence				
Fencing Total:	5,953	44,098	2,941	
Building Components				
Folding Partition - Meeting Room	4,837			
Toilet Partitions - Clubhouse Mens Room				
Toilet Partitions - Clubhouse Womens Room				
Toilet Partitions - Mens Locker Room				
Toilet Partitions - Womens Locker Room				
Wall Tile - Clubhouse Mens Room				
Wall Tile - Clubhouse Womens Room				

	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Description
Building Components continued...											
Wall Tile - Mens Locker Room											
Wall Tile - Womens Locker Room											
Building Components Total:		4,837									
Roofing											
Metal Roof - Clubhouse				300,972							
Metal Roof - Pool Slide Tower				1,974							
Roofing Total:				302,946							
Cabinets & Tops											
Base Cabinets & Tops - Serving Room											
Cabinets & Top - Outdoor Gathering										7,070	
Cabinets & Tops - Meeting Area											
Cabinets & Tops - Mens Locker Room				3,158							
Cabinets & Tops - Womens Locker Room				3,158							
Vanity & Top - Clubhouse Mens Room				3,552							
Vanity & Top - Clubhouse Womens Room				4,342							
Wall Cabinets - Serving Room											
Cabinets & Tops Total:				14,210						7,070	
Painting											
Interior Painting - Clubhouse		7,618								9,650	
Painting - Clubhouse Exterior Siding & Trim								9,633			
Painting - Entry Feature Wall A										3,959	
Painting - Entry Feature Wall B										3,959	
Painting - Lanai Ceilings & Soffits						9,380					
Painting - Outdoor Gathering Ceiling						13,065					
Painting - Pool Equipment Yard								1,699			
Painting - Pool Slide Stairs					6,098						
Painting Total:		7,618			6,098	22,445		11,332		17,568	
Flooring											
Carpet - Clubhouse		8,572								10,859	
Rubber Floor - Fitness Room				8,250							

34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44
Description

Tile Floor - Clubhouse Mens Room Tile Floor - Clubhouse Womens Room

Flooring continued...
Tile Floor - Serving Room

Tile Floor- Mens Locker Room
Vinyl Plank Floor - Children's Activity Room

Tile Floor - Womens Locker Room
Wood Floor - Family Gathering Room	16,329

Flooring Total:	8,572	24,579	10,859

Fitness Equipment Replacement Allowance Furniture - Children's Activity Room

4,515

4,651
7,441

4,790

4,934

5,082

5,234

5,391

5,553

5,720

5,891

Furniture Fixtures & Equipment
Furniture - Meeting Area	4,651

Metal Lockers - Mens Locker Room Metal Lockers - Womens Locker Room

Furniture Replacement - Family Gathering Ro..	6,511
Office Furniture

Pool & Patio Furniture Replacement Allowance Refrigerator

3,612

3,721

3,832

3,947

4,066

4,188

4,313

4,443

4,576

4,713
2,828

Playground Equipment Replacement Allowan..	41,183
Wood Benches	3,612

Furniture Fixtures & Equipment Total:	11,740	26,974	8,622	8,881	9,148	9,422	9,705	9,996	51,478	13,432

HVAC Unit 1
HVAC Unit 2

11,842

12,197

Mechanical Systems
HVAC Unit 3	18,659

Mechanical Systems Total:	11,842	12,197	18,659

Access Control System Ceiling Fans - Exterior

6,908

11,214

Electrical Systems
Ceiling Fans - Family Gathering Room	2,299
Ceiling Fans - Fitness Center	2,121

	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Description
Electrical Systems continued...											
Fire Alarm Panel Upgrades											
Light Poles (Concrete) - Parking Lot											
Light Poles - Parking Lot											
Light Poles - Playgound & Trail											
Light Poles - Pool											
Security Camera System Allowance	6,321					7,328					
Electrical Systems Total:	6,321		2,299	6,908		7,328	11,214			2,121	
Plumbing Systems											
Plumbing Fixture Replacement - Clubhouse ..											
Plumbing Fixture Replacement - Clubhouse ..											
Plumbing Fixtures - Mens Locker Room						12,563					
Plumbing Fixtures - Womens Locker Room						16,750					
Water Cooler - Fitness Center										2,121	
Water Cooler - Pool										4,242	
Water Heater - Clubhouse										2,357	
Plumbing Systems Total:						29,313				8,719	
Swimming Pool											
Pool Handicap Lift									8,694		
Pool Pumps & Equipment Annual Allowance	5,418	5,581	5,748	5,921	6,098	6,281	6,470	6,664	6,864	7,070	
Pool Resurfacing					199,214						
Pool Shade Structure # 1 Fabric					5,021						
Pool Shade Structure # 2 Fabric						5,172					
Pool Shade Structure # 3 Fabric							5,327				
Pool Slide Refurbishment Allowance				11,842							
Pool Slide Tower Stair Refurbishment	5,418										
Pool Splash Equipment Allowance		18,603									
Swimming Pool Total:	10,837	24,184	5,748	17,762	210,333	11,453	11,797	6,664	15,558	7,070	
Year Total:	28,898	78,138	16,670	431,225	237,776	79,961	32,715	46,650	67,036	74,022	

Access Control System	22-23	3-40	
Aluminium Entry Gates	21-22	3-8	
Aluminium Fencing	37-38	3-8	
Asphalt Resurfacing	32-33	3-4	
Base Cabinets & Tops - Serving Room	27-28	3-17	
Cabinets & Top - Outdoor Gathering	25-26	3-17	
Cabinets & Tops - Meeting Area	27-28	3-18	
Cabinets & Tops - Mens Locker Room	22-23	3-18	
Cabinets & Tops - Womens Locker Room	22-23	3-19	
Carpet - Clubhouse	19-20	3-27	
Ceiling Fans - Exterior	20-21	3-40	
Ceiling Fans - Family Gathering Room	24-25	3-41	
Ceiling Fans - Fitness Center	19-20	3-41	
Concrete Curbing	32-33	3-4	
Concrete Walks	32-33	3-5	
Dumpster Fencing & Gates	25-26	3-9	
Fire Alarm Panel Upgrades	27-28	3-42	
Fitness Equipment Replacement Allowance	14-15	3-32	
Folding Partition - Meeting Room	35-36	3-11	
Furniture - Children's Activity Room	23-24	3-32	
Furniture - Meeting Area	21-22	3-33	
Furniture Replacement - Family Gathering Room	21-22	3-33	
HVAC Unit 1	22-23	3-38	
HVAC Unit 2	23-24	3-38	
HVAC Unit 3	25-26	3-39	
Interior Painting - Clubhouse	19-20	3-22	
Light Poles (Concrete) - Parking Lot	47-48	3-42	
Light Poles - Parking Lot	29-30	3-43	
Light Poles - Playgound & Trail	29-30	3-43	
Light Poles - Pool	29-30	3-44	
Metal Lockers - Mens Locker Room	27-28	3-34	
Metal Lockers - Womens Locker Room	27-28	3-34	
Metal Roof - Clubhouse	37-38	3-15	
Metal Roof - Pool Slide Tower	37-38	3-15	
Monument Sign A Refurbishment	19-20	3-5	
Monument Sign B Refurbishment	32-33	3-6	
Office Furniture	27-28	3-35	
Painting - Clubhouse Exterior Siding & Trim	21-22	3-22	

Painting - Entry Feature Wall A	19-20	3-23	
Painting - Entry Feature Wall B	19-20	3-24	
Painting - Lanai Ceilings & Soffits	19-20	3-24	
Painting - Outdoor Gathering Ceiling	19-20	3-25	
Painting - Pool Equipment Yard	21-22	3-25	
Painting - Pool Slide Stairs	14-15	3-26	
Playground Equipment Replacement Allowance	27-28	3-35	
Plumbing Fixture Replacement - Clubhouse Mens Room	27-28	3-46	
Plumbing Fixture Replacement - Clubhouse Womens Room	27-28	3-46	
Plumbing Fixtures - Mens Locker Room	23-24	3-46	
Plumbing Fixtures - Womens Locker Room	23-24	3-46	
Pool & Patio Furniture Replacement Allowance	14-15	3-36	
Pool Handicap Lift	27-28	3-49	
Pool Pumps & Equipment Annual Allowance	14-15	3-49	
Pool Resurfacing	14-15	3-50	
Pool Shade Structure # 1 Fabric	14-15	3-50	
Pool Shade Structure # 2 Fabric	15-16	3-51	
Pool Shade Structure # 3 Fabric	16-17	3-51	
Pool Slide Refurbishment Allowance	22-23	3-52	
Pool Slide Tower Stair Refurbishment	14-15	3-53	
Pool Splash Equipment Allowance	23-24	3-53	
Refrigerator	19-20	3-36	
Rubber Floor - Fitness Room	22-23	3-27	
Security Camera System Allowance	14-15	3-44	
Tile Floor - Clubhouse Mens Room	27-28	3-28	
Tile Floor - Clubhouse Womens Room	27-28	3-28	
Tile Floor - Serving Room	27-28	3-29	
Tile Floor - Womens Locker Room	27-28	3-29	
Tile Floor- Mens Locker Room	27-28	3-29	
Toilet Partitions - Clubhouse Mens Room	32-33	3-11	
Toilet Partitions - Clubhouse Womens Room	32-33	3-12	
Toilet Partitions - Mens Locker Room	32-33	3-12	
Toilet Partitions - Womens Locker Room	32-33	3-13	
Vanity & Top - Clubhouse Mens Room	22-23	3-19	
Vanity & Top - Clubhouse Womens Room	22-23	3-20	
Vinyl Fencing	37-38	3-9	
Vinyl Plank Floor - Children's Activity Room	32-33	3-30	
Wall Cabinets - Serving Room	27-28	3-20	

Wall Tile - Clubhouse Mens Room	27-28	3-13	
Wall Tile - Clubhouse Womens Room	27-28	3-13	
Wall Tile - Mens Locker Room	27-28	3-14	
Wall Tile - Womens Locker Room	27-28	3-14	
Water Cooler - Fitness Center	19-20	3-47	
Water Cooler - Pool	19-20	3-47	
Water Heater - Clubhouse	19-20	3-48	
Wood Benches	22-23	3-37	
Wood Fence	29-30	3-10	
Wood Floor - Family Gathering Room	37-38	3-30	
Wood Pergola A	27-28	3-6	
Wood Pergola B	27-28	3-7	

Total Funded Assets	
88	
Total Unfunded Assets	 0	
Total Assets	88	

Asphalt Resurfacing - 2032

Site Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

2,400 Square Yards	@ $13.00
Asset Cost	$31,200.00
Percent Replacement	100%
Future Cost	$53,115.91

Concrete Curbing - 2032

Placed in Service
Useful Life Replacement Year Remaining Life

Site Components
June 2008
25
32-33
18

1,600 Linear Feet	@ $11.00
Asset Cost	$4,400.00
Percent Replacement	25%
Future Cost	$7,490.70

Replacement allowance of 25% at time of resufracing.

Concrete Walks - 2032

Site Components

808 Square Yards	@ $40.00
Asset Cost	$4,848.00
Percent Replacement	15%
Future Cost	$8,253.39

Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

15% replacement due to damage from vehicles or tree roots.

Monument Sign A Refurbishment - 2019

Site Components
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

1 Lump Sum	@ $1,800.00 Asset Cost		$1,800.00
Percent Replacement	100%
Future Cost	$2,086.69

Monument Sign B Refurbishment - 2032

Site Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

1 Lump Sum	@ $1,200.00 Asset Cost		$1,200.00
Percent Replacement	100%
Future Cost	$2,042.92

Wood Pergola A - 2027

Placed in Service
Useful Life Replacement Year Remaining Life

Site Components
June 2008
20
27-28
13

160 Square Feet	@ $18.00
Asset Cost	$2,880.00
Percent Replacement	100%
Future Cost	$4,229.38

Wood Pergola B - 2027

Site Components

160 Square Feet	@ $18.00
Asset Cost	$2,880.00
Percent Replacement	100%
Future Cost	$4,229.38

Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

Site Components - Total Current Cost	$49,208

Aluminium Entry Gates - 2021

2 Each

@ $1,600.00

Fencing
Placed in Service	June 2008
Useful Life	14
Replacement Year	21-22
Remaining Life	7

Asset Cost	$3,200.00
Percent Replacement	100%
Future Cost	$3,935.60

Aluminium Fencing - 2037

652 Linear Feet

@ $31.00

Fencing
Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	23

Asset Cost	$20,212.00
Percent Replacement	100%
Future Cost	$39,890.13

Dumpster Fencing & Gates - 2025

48 Linear Feet

@ $26.00

Fencing
Placed in Service	June 2008
Useful Life	18
Replacement Year	25-26
Remaining Life	11

Asset Cost	$1,248.00
Percent Replacement	100%
Future Cost	$1,727.52

Vinyl Fencing - 2037

Fencing

82 Linear Feet	@ $26.00
Asset Cost	$2,132.00
Percent Replacement	100%
Future Cost	$4,207.68

Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	23

Wood Fence - 2029

Fencing

304 Linear Feet	@ $15.00
Asset Cost	$4,560.00
Percent Replacement	100%
Future Cost	$7,104.33

Placed in Service	June 2008
Useful Life	22
Replacement Year	29-30
Remaining Life	15

Fencing - Total Current Cost	$31,352

Folding Partition - Meeting Room - 2035

Building Components
Placed in Service	June 2008
Useful Life	28
Replacement Year	35-36
Remaining Life	21

13 Linear Feet	@ $200.00
Asset Cost	$2,600.00
Percent Replacement	100%
Future Cost	$4,836.76

Toilet Partitions - Clubhouse Mens Room - 2032

Building Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

1 Stalls	@ $2,000.00 Asset Cost		$2,000.00
Percent Replacement	100%
Future Cost	$3,404.87

Toilet Partitions - Clubhouse Womens Room - 2032

Building Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

2 Stalls	@ $2,000.00 Asset Cost		$4,000.00
Percent Replacement	100%
Future Cost	$6,809.73

Toilet Partitions - Mens Locker Room - 2032

Building Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

3 Stalls	@ $2,000.00 Asset Cost		$6,000.00
Percent Replacement	100%
Future Cost	$10,214.60

Toilet Partitions - Womens Locker Room - 2032

Building Components
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

7 Stalls	@ $2,000.00 Asset Cost		$14,000.00
Percent Replacement	100%
Future Cost	$23,834.06

Wall Tile - Clubhouse Mens Room - 2027

Building Components
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

380 Square Feet	@ $10.50
Asset Cost	$3,990.00
Percent Replacement	100%
Future Cost	$5,859.45

Wall Tile - Clubhouse Womens Room - 2027

Building Components
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

380 Square Feet	@ $10.50
Asset Cost	$3,990.00
Percent Replacement	100%
Future Cost	$5,859.45

Wall Tile - Mens Locker Room - 2027

Building Components
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

400 Square Feet	@ $10.50
Asset Cost	$4,200.00
Percent Replacement	100%
Future Cost	$6,167.84

Wall Tile - Womens Locker Room - 2027

Building Components
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

480 Square Feet	@ $10.50
Asset Cost	$5,040.00
Percent Replacement	100%
Future Cost	$7,401.41

Building Components - Total Current Cost	$45,820

Metal Roof - Clubhouse - 2037

12,200 Square Feet

@ $12.50

Roofing
Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38

Remaining Life	23

Asset Cost	$152,500.00
Percent Replacement		100% Future Cost	$300,971.94

Roofing
Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	23

Metal Roof - Pool Slide Tower - 2037

80 Square Feet	@ $12.50
Asset Cost	$1,000.00
Percent Replacement	100%
Future Cost	$1,973.59

Roofing - Total Current Cost	$153,500

Base Cabinets & Tops - Serving Room - 2027

Cabinets & Tops
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

Cabinets & Tops
Placed in Service	June 2008
Useful Life	18
Replacement Year	25-26
Remaining Life	11

29 Linear Feet	@ $150.00
Asset Cost	$4,350.00
Percent Replacement	100%
Future Cost	$6,388.12

Cabinets & Top - Outdoor Gathering - 2025

15 Linear Feet	@ $200.00
Asset Cost	$3,000.00
Percent Replacement	100%
Future Cost	$4,152.70

Cabinets & Tops - Meeting Area - 2027

Cabinets & Tops
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

14 Linear Feet	@ $250.00
Asset Cost	$3,500.00
Percent Replacement	100%
Future Cost	$5,139.87

Cabinets & Tops - Mens Locker Room - 2022

Cabinets & Tops
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

8 Linear Feet	@ $200.00
Asset Cost	$1,600.00
Percent Replacement	100%
Future Cost	$2,026.83

Cabinets & Tops - Womens Locker Room - 2022

Cabinets & Tops
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

8 Linear Feet	@ $200.00
Asset Cost	$1,600.00
Percent Replacement	100%
Future Cost	$2,026.83

Vanity & Top - Clubhouse Mens Room - 2022

Cabinets & Tops
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

1 Each	@ $1,800.00 Asset Cost		$1,800.00
Percent Replacement	100%
Future Cost	$2,280.19

Vanity & Top - Clubhouse Womens Room - 2022

Cabinets & Tops
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

1 Each	@ $2,200.00 Asset Cost		$2,200.00
Percent Replacement	100%
Future Cost	$2,786.89

Wall Cabinets - Serving Room - 2027

Cabinets & Tops
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

12 Linear Feet	@ $100.00
Asset Cost	$1,200.00
Percent Replacement	100%
Future Cost	$1,762.24

Cabinets & Tops - Total Current Cost	$19,250

Interior Painting - Clubhouse - 2019

Painting
Placed in Service	June 2008
Useful Life	8
Adjustment	4
Replacement Year	19-20
Remaining Life	5

Painting
Placed in Service	June 2008
Useful Life	10
Adjustment	4
Replacement Year	21-22
Remaining Life	7

9,100 Square Feet	@ $0.45
Asset Cost	$4,095.00
Percent Replacement	100%
Future Cost	$4,747.23

Painting - Clubhouse Exterior Siding & Trim - 2021

4,130 Square Feet	@ $1.05
Asset Cost	$4,336.50
Percent Replacement	100%
Future Cost	$5,333.35

Painting - Clubhouse Exterior Siding & Trim continued...

Painting - Entry Feature Wall A - 2019

Painting
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

700 Square Feet	@ $2.40
Asset Cost	$1,680.00
Percent Replacement	100%
Future Cost	$1,947.58

Painting - Entry Feature Wall B - 2019

Painting
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

700 Square Feet	@ $2.40
Asset Cost	$1,680.00
Percent Replacement	100%
Future Cost	$1,947.58

Painting - Lanai Ceilings & Soffits - 2019

Painting
Placed in Service	June 2008
Useful Life	10
Adjustment	2
Replacement Year	19-20
Remaining Life	5

3,200 Square Feet	@ $1.40
Asset Cost	$4,480.00
Percent Replacement	100%
Future Cost	$5,193.55

Painting - Outdoor Gathering Ceiling - 2019

Painting
Placed in Service	June 2008
Useful Life	10
Adjustment	2
Replacement Year	19-20
Remaining Life	5

2,600 Square Feet	@ $2.40
Asset Cost	$6,240.00
Percent Replacement	100%
Future Cost	$7,233.87

Exposed truss ends require immediate caulking and painting. See photo with camera location.

Painting - Pool Equipment Yard - 2021

Painting
Placed in Service	June 2008
Useful Life	10
Adjustment	4
Replacement Year	21-22
Remaining Life	7

900 Square Feet	@ $0.85
Asset Cost	$765.00
Percent Replacement	100%
Future Cost	$940.85

Painting - Pool Equipment Yard continued...

Painting - Pool Slide Stairs - 2014

1 Lump Sum

@ $3,000.00

Painting
Placed in Service	June 2008
Useful Life	8
Adjustment	-1
Replacement Year	14-15
Remaining Life	0

Asset Cost	$3,000.00
Percent Replacement	100%
Future Cost	$3,000.00

Painting - Total Current Cost	$26,276

Carpet - Clubhouse - 2019

Flooring

128 Square Yards	@ $36.00
Asset Cost	$4,608.00
Percent Replacement	100%
Future Cost	$5,341.93

Placed in Service	June 2008
Useful Life	8
Adjustment	4
Replacement Year	19-20
Remaining Life	5

Flooring
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

Rubber Floor - Fitness Room - 2022

76 Square Yards	@ $55.00
Asset Cost	$4,180.00
Percent Replacement	100%
Future Cost	$5,295.10

Tile Floor - Clubhouse Mens Room - 2027

Flooring
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

140 Square Feet	@ $12.75
Asset Cost	$1,785.00
Percent Replacement	100%
Future Cost	$2,621.33

Tile Floor - Clubhouse Womens Room - 2027

Flooring
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

140 Square Feet	@ $12.75
Asset Cost	$1,785.00
Percent Replacement	100%
Future Cost	$2,621.33

Tile Floor - Serving Room - 2027

260 Square Feet

@ $12.75

Flooring
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

Asset Cost	$3,315.00
Percent Replacement	100%
Future Cost	$4,868.19

Tile Floor - Womens Locker Room - 2027

Flooring
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

400 Square Feet	@ $12.75
Asset Cost	$5,100.00
Percent Replacement	100%
Future Cost	$7,489.52

Tile Floor- Mens Locker Room - 2027

Flooring
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

360 Square Feet	@ $12.75
Asset Cost	$4,590.00
Percent Replacement	100%
Future Cost	$6,740.57

Vinyl Plank Floor - Children's Activity Room - 2032

Flooring
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	18

456 Square Feet	@ $8.00
Asset Cost	$3,648.00
Percent Replacement	100%
Future Cost	$6,210.47

Wood Floor - Family Gathering Room - 2037

Flooring
Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	23

840 Square Feet	@ $9.85
Asset Cost	$8,274.00
Percent Replacement	100%
Future Cost	$16,329.45

Flooring - Total Current Cost	$37,285

Fitness Equipment Replacement Allowance - 2014

	1 Lump Sum	@ $2,500.00	
	Asset Cost	$2,500.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$2,500.00	
Placed in Service	June 2008	
Useful Life	1	
Replacement Year	14-15	
Remaining Life	0	

Furniture - Children's Activity Room - 2023

	1 Lump Sum	@ $4,000.00	
	Asset Cost	$4,000.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$5,219.09	
Placed in Service	June 2008	
Useful Life	12	
Adjustment	4	
Replacement Year	23-24	
Remaining Life	9	

Furniture - Meeting Area - 2021

1 Lump Sum

@ $2,500.00

Furniture Fixtures & Equipment

Asset Cost	$2,500.00
Percent Replacement	100%
Future Cost	$3,074.68

Placed in Service	June 2008	
Useful Life	14	
Replacement Year	21-22	
Remaining Life	7	

Furniture Replacement - Family Gathering Room - 2021

	1 Lump Sum	@ $3,500.00	
	Asset Cost	$3,500.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$4,304.56	
Placed in Service	June 2008	
Useful Life	14	
Replacement Year	21-22	
Remaining Life	7	

Metal Lockers - Mens Locker Room - 2027

	6 Each	@ $50.00	
	Asset Cost	$300.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$440.56	
Placed in Service	June 2008	
Useful Life	20	
Replacement Year	27-28	
Remaining Life	13	

Metal Lockers - Womens Locker Room - 2027

	6 Square Feet	@ $50.00	
	Asset Cost	$300.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$440.56	
Placed in Service	June 2008	
Useful Life	20	
Replacement Year	27-28	
Remaining Life	13	

Office Furniture - 2027

1 Lump Sum

@ $2,000.00

Furniture Fixtures & Equipment
Placed in Service	June 2008	
Useful Life	20	
Replacement Year	27-28	
Remaining Life	13	

Playground Equipment Replacement Allowance - 2027

Furniture Fixtures & Equipment

Asset Cost	$2,000.00
Percent Replacement	100%
Future Cost	$2,937.07

1 Lump Sum	@ $18,000.00	
Asset Cost	$18,000.00	
Percent Replacement	100%	
Future Cost	$26,433.61	

Placed in Service	June 2013	
Useful Life	15	
Replacement Year	27-28	
Remaining Life	13	

Pool & Patio Furniture Replacement Allowance - 2014

	1 Lump Sum	@ $2,000.00	
	Asset Cost	$2,000.00	
	Percent Replacement	100%	
Furniture Fixtures & Equipment	Future Cost	$2,000.00	
Placed in Service	June 2008	
Useful Life	1	
Replacement Year	14-15	
Remaining Life	0	

Refrigerator - 2019

1 Each

@ $1,200.00

Furniture Fixtures & Equipment

Asset Cost	$1,200.00
Percent Replacement	100%
Future Cost	$1,391.13

Placed in Service	June 2008	
Useful Life	12	
Replacement Year	19-20	
Remaining Life	5	

Wood Benches - 2022

2 Each

@ $1,000.00

Furniture Fixtures & Equipment

Asset Cost	$2,000.00
Percent Replacement	100%
Future Cost	$2,533.54

Placed in Service	June 2008	
Useful Life	12	
Adjustment	3	
Replacement Year	22-23	
Remaining Life	8	

Furniture Fixtures & Equipment - Total Current Cost	$38,300

HVAC Unit 1 - 2022

Mechanical Systems

5 Tons	@ $1,200.00
Asset Cost	$6,000.00
Percent Replacement	100%
Future Cost	$7,600.62

Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23

Remaining Life	8

HVAC Unit 2 - 2023

Mechanical Systems

5 Tons	@ $1,200.00
Asset Cost	$6,000.00
Percent Replacement	100%
Future Cost	$7,828.64

Placed in Service	June 2008
Useful Life	15
Adjustment	1
Replacement Year	23-24
Remaining Life	9

HVAC Unit 3 - 2025

Mechanical Systems

7 Tons	@ $1,200.00
Asset Cost	$8,400.00
Percent Replacement	100%
Future Cost	$11,627.56

Placed in Service	June 2008
Useful Life	16
Adjustment	2
Replacement Year	25-26
Remaining Life	11

Mechanical Systems - Total Current Cost	$20,400

Access Control System - 2022

1 Lump Sum

@ $3,500.00

Electrical Systems
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

Asset Cost	$3,500.00
Percent Replacement	100%
Future Cost	$4,433.69

Ceiling Fans - Exterior - 2020

13 Each

@ $400.00

Electrical Systems
Placed in Service	June 2008
Useful Life	10
Adjustment	3
Replacement Year	20-21
Remaining Life	6

Asset Cost	$5,200.00
Percent Replacement	100%
Future Cost	$6,209.07

Ceiling Fans - Family Gathering Room - 2024

Electrical Systems
Placed in Service	June 2008
Useful Life	12
Adjustment	5
Replacement Year	24-25
Remaining Life	10

3 Each	@ $400.00
Asset Cost	$1,200.00
Percent Replacement	100%
Future Cost	$1,612.70

Ceiling Fans - Fitness Center - 2019

3 Each

@ $300.00

Electrical Systems
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

Asset Cost	$900.00
Percent Replacement	100%
Future Cost	$1,043.35

Fire Alarm Panel Upgrades - 2027

1 Lump Sum

@ $1,600.00

Electrical Systems
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

Asset Cost	$1,600.00
Percent Replacement	100%
Future Cost	$2,349.65

Light Poles (Concrete) - Parking Lot - 2047

Electrical Systems
Placed in Service	June 2008
Useful Life	40
Replacement Year	47-48
Remaining Life	33

5 Each	@ $4,000.00 Asset Cost		$20,000.00
Percent Replacement	100%
Future Cost	$53,046.70

Light Poles - Parking Lot - 2029

6 Each

@ $2,600.00

Electrical Systems
Placed in Service	June 2008
Useful Life	22
Replacement Year	29-30
Remaining Life	15

Asset Cost	$15,600.00
Percent Replacement	100%
Future Cost	$24,304.29

Light Poles - Playgound & Trail - 2029

10 Each

@ $2,600.00

Electrical Systems
Placed in Service	June 2008
Useful Life	22
Replacement Year	29-30
Remaining Life	15

Asset Cost	$26,000.00
Percent Replacement	100%
Future Cost	$40,507.15

Light Poles - Pool - 2029

8 Each

@ $3,600.00

Electrical Systems
Placed in Service	June 2008
Useful Life	22
Replacement Year	29-30
Remaining Life	15

Asset Cost	$28,800.00
Percent Replacement	100%
Future Cost	$44,869.46

Security Camera System Allowance - 2014

Electrical Systems
Placed in Service	June 2008
Useful Life	5
Replacement Year	14-15
Remaining Life	0

1 Lump Sum	@ $3,500.00 Asset Cost		$3,500.00
Percent Replacement	100%
Future Cost	$3,500.00

Electrical Systems - Total Current Cost	$106,300

Plumbing Fixture Replacement - Clubhouse Mens Room - 2027

Plumbing Systems
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

3 Each	@ $1,000.00 Asset Cost		$3,000.00
Percent Replacement	100%
Future Cost	$4,405.60

Plumbing Fixture Replacement - Clubhouse Womens Room - 2027

Plumbing Systems
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	13

Asset Cost	$1,000.00
Percent Replacement	100%
Future Cost	$1,468.53

Plumbing Fixtures - Mens Locker Room - 2023

Plumbing Systems
Placed in Service	June 2008
Useful Life	16
Replacement Year	23-24
Remaining Life	9

6 Each	@ $1,000.00 Asset Cost		$6,000.00
Percent Replacement	100%
Future Cost	$7,828.64

Plumbing Fixtures - Womens Locker Room - 2023

Plumbing Systems
Placed in Service	June 2008
Useful Life	16
Replacement Year	23-24
Remaining Life	9

8 Each	@ $1,000.00 Asset Cost		$8,000.00
Percent Replacement	100%
Future Cost	$10,438.19

Water Cooler - Fitness Center - 2019

1 Each

@ $900.00

Plumbing Systems
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

Asset Cost	$900.00
Percent Replacement	100%
Future Cost	$1,043.35

Water Cooler - Pool - 2019

2 Each

@ $900.00

Plumbing Systems
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

Asset Cost	$1,800.00
Percent Replacement	100%
Future Cost	$2,086.69

Water Heater - Clubhouse - 2019

40 Gallon

@ $25.00

Plumbing Systems
Placed in Service	June 2008
Useful Life	12
Replacement Year	19-20
Remaining Life	5

Asset Cost	$1,000.00
Percent Replacement	100%
Future Cost	$1,159.27

Plumbing Systems - Total Current Cost	$21,700

Pool Handicap Lift - 2027

1 Each

@ $3,800.00

Swimming Pool
Placed in Service	June 2013
Useful Life	15
Replacement Year	27-28
Remaining Life	13

Asset Cost	$3,800.00
Percent Replacement	100%
Future Cost	$5,580.43

Pool Pumps & Equipment Annual Allowance - 2014

Swimming Pool
Placed in Service	June 2008
Useful Life	1
Replacement Year	14-15
Remaining Life	0

1 Lump Sum	@ $3,000.00 Asset Cost		$3,000.00
Percent Replacement	100%
Future Cost	$3,000.00

Pool Resurfacing - 2014

1 Lump Sum	@ $98,000.00

Swimming Pool
Placed in Service	June 2008
Useful Life	12
Adjustment	-5
Replacement Year	14-15
Remaining Life	0

Asset Cost	$98,000.00
Percent Replacement	100%
Future Cost	$98,000.00

Pool Shade Structure # 1 Fabric - 2014

Swimming Pool
Placed in Service	June 2008
Useful Life	12
Adjustment	-5
Replacement Year	14-15
Remaining Life	0

380 Square Feet	@ $6.50
Asset Cost	$2,470.00
Percent Replacement	100%
Future Cost	$2,470.00

Pool Shade Structure # 2 Fabric - 2015

Swimming Pool
Placed in Service	June 2008
Useful Life	12
Adjustment	-4
Replacement Year	15-16
Remaining Life	1

380 Square Feet	@ $6.50
Asset Cost	$2,470.00
Percent Replacement	100%
Future Cost	$2,544.10

Pool Shade Structure # 3 Fabric - 2016

Swimming Pool
Placed in Service	June 2008
Useful Life	12
Adjustment	-3
Replacement Year	16-17
Remaining Life	2

380 Square Feet	@ $6.50
Asset Cost	$2,470.00
Percent Replacement	100%
Future Cost	$2,620.42

Pool Shade Structure # 3 Fabric continued...

Pool Slide Refurbishment Allowance - 2022

Swimming Pool
Placed in Service	June 2008
Useful Life	15
Replacement Year	22-23
Remaining Life	8

1 Lump Sum	@ $6,000.00 Asset Cost		$6,000.00
Percent Replacement	100%
Future Cost	$7,600.62

Pool Slide Tower Stair Refurbishment - 2014

Swimming Pool
Placed in Service	June 2008
Useful Life	10
Adjustment	-4
Replacement Year	14-15
Remaining Life	0

1 Lump Sum	@ $3,000.00 Asset Cost		$3,000.00
Percent Replacement	100%
Future Cost	$3,000.00

Pool Splash Equipment Allowance - 2023

Swimming Pool
Placed in Service	June 2008
Useful Life	12
Adjustment	4
Replacement Year	23-24
Remaining Life	9

1 Lump Sum	@ $10,000.00 Asset Cost		$10,000.00
Percent Replacement	100%
Future Cost	$13,047.73

Pool Splash Equipment Allowance continued...

Swimming Pool - Total Current Cost	$131,210

The Current Assessment Funding Model is based on the current annual assessment, parameters, and reserve fund balance. Because it is calculated using the current annual assessment, it will give the accurate projection of how well the association is funded for the next 30 years of planned reserve expenditures.

Types of Reserve Studies
Full Reserve Study (Level I)
Update with site inspection (Level II) Update without site inspection (Level III)
In a Full Reserve Study, the reserve provider conducts a component inventory, a condition assessment (based upon on-site visual observations), and life and valuation estimates to determine both a “fund status” and “funding plan”.
In an Update with site inspection, the reserve provider conducts a component inventory (verification only, not quantification unless new components have been added to the inventory), a condition assessment (based upon on-site visual observations), and life and valuation estimates to determine both the “fund status and “funding plan.”
In an Update without site inspection, the reserve provider conducts life and valuation estimates to determine the “fund status” and “funding plan.”

Physical and Financial Analysis
There are two components of a reserve study: a physical analysis and a financial analysis. Physical Analysis
During the physical analysis, a reserve study provider evaluates information regarding the physical status and repair/replacement cost of the community’s major common area components. To do so, the provider conducts a component inventory, a condition assessment, and life and valuation estimate and prepares a list of components which will be included in the study. No destructive testing is conducted.
Financial Analysis
The financial analysis assesses the community’s reserve balance or “fund status” (measured in cash or as percent fully funded) to determine a recommendation for the appropriate reserve contribution rate in the future, known as the “funding plan”.

Preparing the Reserve Study
Once the reserve assets have been identified and quantified, their respective replacement costs, useful lives and remaining lives must be assigned so that a funding schedule can be constructed. Replacement costs and useful lives can be found in published manuals such as construction estimators, appraisal handbooks, and valuation guides. Remaining lives are calculated from the useful lives and ages of assets and adjusted according to conditions such as design, manufactured quality, usage, exposure to the elements and maintenance history.
By following the recommendations of an effective reserve study, the community/religious organizations should avoid any major shortfalls. However, to remain accurate, the report should be updated on an annual basis to reflect such changes as shifts in economic parameters, additions of phases or assets, or expenditures of reserve funds.

From the simplest to the most complex, reserve analysis providers use many different computational processes to calculate reserve requirements. However, there are two basic processes identified as industry standards: the Cash Flow Method and the Component Method.
The Cash Flow Method develops a reserve-funding plan where contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different reserve funding plans are tested against the actual anticipated schedule of reserve expenses until the desired funding goal is achieved. The Threshold and the Current Assessment funding models are based upon the cash flow method.
The Component Method develops a reserve-funding plan where the total contribution is based upon the sum of contributions for individual components. The component method is the more conservative of the two funding options, and assures that the community/religious organization will achieve and maintain an ideal level of reserves over time

Funding Strategies
Once a community has established its funding goals, they can select an appropriate funding plan. Communities will have to update their reserve studies more or less frequently depending on the funding strategy they select.
Full Funding---Each year a portion of the replacement cost is contributed to reserves to provide adequate funds when a component is replaced. This is the safest method and one we recommend.
Baseline Funding---This Goal keeps the reserve balance above zero. With this low funding level special assessments and deferred maintenance are common.
Threshold Funding---Reserves are maintained at a predetermined funding level or dollar amount. Statutory Funding---This method is based on local statutes.

Funding Models Used
Threshold Funding Model. This method is based upon the cash flow funding concept. The minimum reserve cash balance in threshold funding, however, is set at a predetermined dollar amount (other than
$0).
Current Assessment Funding Model. This method is also based upon the cash flow funding concept. The initial reserve assessment is set at the community’s current fiscal year funding level and a 30-year projection is calculated to illustrate the adequacy of the current funding over time.
Component Funding Model. This is a straight-line funding model. It distributes the cash reserves to individual reserve components and then calculates what the reserve assessment and interest contribution should be, again by each reserve component. The current annual assessment is then determined by summing all the individual component assessments, hence the name “Component Funding Model”. This is the most conservative funding model.

General Information & Conditions

This document has been provided pursuant to an agreement containing restrictions on its use. No part of this document may be copied or distributed, in any form or by any means, nor disclosed to third parties without the expressed written permission of Community Advisors, LLC.
This reserve analysis study and the parameters under which it has been completed are based upon information provided to us in part by representatives of the Community Association, Management Company, Community Development District and its contractors, assorted vendors, specialist and independent contractors, the Community Association’s Institute, and various construction pricing and scheduling manuals including, but not limited to: Marshall & Swift Valuation Service, RS Means Building Construction Cost Data and from numerous vendor catalogues, actual quotations or historical costs, and our own experience in the field of property management and reserve study preparation. Any Reserve Study Updates assume quantities are accurate.
No liability is assumed as the result of changing market prices or inaccurate estimates or projections of remaining useful life of components. We are not responsible for any hidden defects or determining the condition of hidden or underground components or systems. Observing environmental conditions, hazardous materials or determine compliance with building codes or ADA regulations is not included in our scope of work.
Community Advisors, LLC will not be required to participate in any legal action conducted on a property for whatever reason and shall also not be required to give testimony in depositions or in court. In all cases the liability of any action taken by Community Advisors, LLC and its Principals, Employees, contractors and Vendors shall be limited to the consulting fee agreed upon for the production of this report.
All measurements taken are general and approximant and estimates of both quantity and remaining useful life are submitted as an opinion by the producer of this report. The scope of work as contracted for by the client does not include roof-top inspections or roof-top measurements unless noted in the proposal. Some component quantities are determined by use of available internet based maps and images and their measurement tools. We also from time to time utilize aerial imaging services to provide roof area measurements for one building in a multiple building complex. We then use this estimated quantity to calculate the roof area of the other buildings based on the number of living units in that building. Actual quantities may vary from building to building and a more accurate measurement can be taken if requested and at the additional expense to the client.
This reserve study is a reflection of the information provided by this client and assembled for their use and not for the purposes of performing an audit, quality or forensic analyses, or background checks of historical records. This information should not be used to estimate construction projects or relied upon for replacement cost until current vendor pricing has been obtained. We assume all components have been maintained properly unless noted in this report and our remaining useful life projections assume they will be maintained per normal operating standards. Replacement cost does not include any Engineering or Architectural fees unless noted in the study. Beginning fund balances are unaudited and provided by the Association or Manager. Unless noted in the report we assume the funding goal of the Association is to reserve adequate funds for future capital replacements if they are pooling their reserves and fully funding reserves if they are using the Component Method of funding.
It has been assumed, unless otherwise noted in this report, that all assets have been designed and constructed properly and that each estimated useful life will approximate that of the norm per industry

standards and/or manufacturer’s specifications. In some cases, estimates may have been used on assets, which have an indeterminable but potential liability to the Association or Community Development District. The decision for the inclusion of these as well as all assets considered is left to the client.
We recommend that your reserve analysis study be updated on an annual basis due to fluctuating interest rates, inflationary changes, and the unpredictable nature of the lives of many of the assets under consideration. All of the information collected during our inspection of the property and computations made subsequently in preparing this reserve analysis study are retained in our computer files. Therefore, annual updates may be completed quickly and inexpensively each year.
Use of this report is acceptance by the Client of the above Information and Conditions.

Company Profile
The site inspection and preparation of this reserve study report were supervised by Mr. Charles R. Sheppard who has over 30 years of experience in real estate development, property operation and construction and he holds a Certified General Contractor License and a Certified Home Inspector License in the state of Florida. Mr. Sheppard is a graduate of Virginia Polytechnic Institute & State University in Blacksburg, Virginia where he earned a BS degree.
Mr. Sheppard also is a member of the Association of Construction Inspectors, (ACI) and has been awarded the designation of Certified Construction Inspector & Consultant. Mr. Sheppard has also earned the Reserve Specialist, (RS) designation from the Community Association’s Institute, (CAI). Mr. Sheppard is a member of the Jacksonville Metro chapter of CAI and the Southeast Virginia Chapter. Community Advisors is also a member of the Association of Professional Reserve Analyst, (APRA) and Mr. Sheppard has earned the designation of Professional Reserve Analyst, (PRA).
Community Advisors has completed this Reserve Study at the request of the Management Company, Board Member or Facility Manager and does not have any involvement with this client except to produce this Reserve Study.

Reserve Terms Dictionary
Accumulated Reserve Balance: The anticipated reserve balance on the first day of the fiscal year for which the report has been prepared.
Net Monthly Allocation: The sum of the monthly assessment and interest contribution figures.
Annual Assessment increase: The percentage rate at which the association will increase its assessment to reserves at the end of each year until the year in which the asset is replaced. For example, in order to accumulate $10,000 in 10 years, you set aside $1,000 per year. As an alternative, you could set aside
$795 the first year and increase that amount by 5% each year until year of replacement. In either case you arrive at the same amount. The idea is that you start setting aside a lower amount and increase that number each year in accordance with the planned percentage. Ideally this should be equal to the rate of inflation. It can, however, be used to aid those associations who have not set aside appropriate reserves in the past by making the initial year's allocation less formidable.
Investment Yield: The average interest rate anticipated by the association based upon their current investment practices.
Budget year beginning/ending (fiscal): the budgetary year for which the report is prepared. For associations with fiscal years ending December 31, the monthly assessment figures indicated are for the 12 month period beginning 1/1/0X and ending 12/31/0X.
Monthly Assessment: The assessment for reserves required by the association each month.
Interest Contribution: The interest that should be earned on the reserves, net of taxes, based upon their beginning reserve balance and monthly assessments for one year. This figure is averaged for budgeting purposes.
Threshold Funding Model: This analysis calculates the minimum reserve assessments, with the restriction that the reserve balance is not allowed to go below $0 or other predetermined threshold, during the period of time examined. All funds for planned reserve expenditures will be available on the first day of each fiscal year. The Threshold Funding Model allows the client to choose the level of conservative funding it desires by choosing the threshold dollar amount.
Current Assessment Funding Model: This analysis is based on the current annual assessment, parameters, and reserve fund balance. Because It is calculated using the current annual assessment, it will give an accurate projection of how well the association is funded for the next 30 years of planned reserve expenditures.
Component Funding Model: This funding model’s long-term objective is to provide a plan to a fully funded reserve position over the longest period of time practical. This is the most conservative funding model.
Fixed Accumulated Reserves: An optional figure which, if used, will override all calculations and set the assessment at this amount.
Percentage of Replacement: In some cases, an asset may not be replaced in its entirety or the cost may be shared with a second party. Examples are budgeting for a percentage of replacement of streets over a period of time, or sharing the expense to replace a common wall with a neighboring party.

Placed in Service Date: The month and year that the asset was placed in service. This may be the construction date, the first escrow closure date in a given phase, or the date of the last servicing or replacement.
Future Replacement Cost: The estimated cost to repair or replace the asset at the end of its estimated useful life based upon the current replacement cost and inflation.
Taxes on Yield: The estimated percentage of interest income which will be set aside for taxes.
Replacement Year: The year that the asset is scheduled to be replaced. The appropriate funds will be available by the first day of the fiscal year for which replacement is anticipated.
Estimated Remaining Life: This calculation is completed internally based upon the report's fiscal year date and the date the asset was placed in service.
Adjustment to Useful Life: Once the useful life is determined, it may be adjusted +/- by this separate figure for the current cycle of replacement. This will allow for a current period adjustment without affecting the estimate replacement cycles for future replacements.
Estimated Useful Life: The estimated useful life of an asset based upon industry standards, manufacturer specification, visual inspection, location, usage, association standards and prior history. All of these factors are taken into consideration when tailoring the estimated useful life to the particular asset. For example, the carpeting in a hallway or elevator (a heavy traffic area) will not have the same life as the identical carpeting in a seldom used meeting room or office.
Salvage Value: This term defined estimates the salvage value of the asset at the time of replacement, if applicable.
One Time Replacement: Notation if the asset is to be replaced on a one-time basis. Current Replacement Cost: The estimated replacement cost effects as of the beginning of the fiscal year for which the report is being prepared.