Reserve Study Update Pine Ridge Plantation CDD

Middleburg, Florida
Prepared for FY 2024 Report Date: May 18, 2024

May 18, 2024

Ms. Marilee Giles, District Manager GMS
475 West Town Place, Suite 114 St. Augustine, Florida 32092
Re: Pine Ridge Plantation CDD Dear Ms. Giles:
Community Advisors is pleased to provide this Revised Reserve Study report for the above referenced
Association. We have completed the adjustments you requested and have updated your funding plan. We recommend updating your study every 2 years to keep your information current with changing replacement cost, interest and inflation rates.

It has been a pleasure serving you and please let me know if you have any questions or concerns. Respectively submitted,

Charles R. Sheppard RS PRA CCI
Professional Reserve Analyst
10459 Hunters Creek Court Jacksonville, Fl. 32256

SPECIAL NOTICE
THIS RESERVE ANALYLSIS INCLUDED A VISUAL OBSERVATION OF MAJOR COMPONENTS FOR YOUR PROPERTY. NO DISTRUCTION TESTING OR OTHER TESTING WAS CONDUCTED TO DETERMINE COMPONENT CONDITION. OUR ANALYSIS INCLUDES COMPONENTS WITH REPLACEMENT COST AND USEFUL LIFE PROJECTIONS THAT ARE TYPICAL FOR THIS TYPE OF FACILITY.
THIS ANALYSIS IS NOT A SAFETY INSPECTION OR STRUCTURAL INSPECTION AND WE RECOMMEND THE ASSOCIATION CONDUCT THOSE INSPECTIONS ON A REGULAR BASIS WITH QUALIFIED CONSULTANTS.

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary	1-1
Financial Summary - Recommended Funding Plan	1-2
Cash Flow Funding Plan Chart	1-3
Current Funding Plan vs Recommended Funding Plan	1-4
CURRENT FUNDING PLAN
Financial Summary - Current Funding Plan	2-1
Current Funding Plan Projection	2-2
CASH FLOW
Income & Expense Spreadsheet	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
Asset Current Cost by Category	4-12
COMPONENT INVENTORY
Component Inventory	5-1
Component Detail Index	5-5
Component Detail	5-9
DISCLOSURERS & INFORMATION
Report Navigation	6-1
Methodology & Information	6-2
Terms of Service	6-3
Definitions	6-4

Executive Summary

Account Information
Account Name	Pine Ridge Plantation CDD	Account Number	2022
City	Middleburg	Last Site Visit	March, 4 2024
State	Florida	Report Date	May, 18 2024
In Service Date	June, 15 2008	Report Version	4
Total Units	737	Fiscal Year Start	October, 1 2024
Study Level	Level II Update	Fiscal year End	September, 30 2025

Reserve Fund Information
Current Component Replacement Cost	$1,667,265
Number of Components	93
Reserve Fund Beginning Balance	$717,350
Billing Term	Annually

Component Funding (Straight Line)
Recommended First Year Reserve Fund Contribution	$70,457
Interest Rate on Reserve Deposits	0%
Inflation Rate on Replacement Cost	0%

Pooled Cash (Current Funding Plan)
Current Year Reserve Fund Contribution	$82,202
Interest Rate on Reserve Deposits	3.0%
Inflation Rate on Replacement Cost	3.5%
Annual Contribution Increases	3.0%

Pooled Cash (Recommended Funding Plan)
Recommended First Year Reserve Fund Contribution	$83,529
Interest Rate on Reserve Deposits	3.0%
Inflation Rate on Replacement Cost	3.5%
Annual Contribution Increases	3.0%

Comment
Current funding plan maintains adequate funding.
Recommended funding plan maintains adequate funding with larger year end balances.
This analysis should be updated annualy with a site visit every 2 years to monitor component condition and update component replacement cost, interest and inflation rates.
This revision, V4 changes Furniture, Fixtures & Equipment category to Misc. Components to prevent printing error.

Pine Ridge Plantation CDD
Financial Summary - Recommended Funding Plan

Begining Balance: $717,350	Fully Funded: $710,533	Tax Rate:0%

Year		

24-25	
1,667,265	
3.5%	
83,529	
0	
3.00%	
23,355	
22,380	
801,854	
798,751	
100%	
25-26	1,721,707	3.5%	86,035	0	3.00%	26,171	15,525	898,535	899,238	100%	
26-27	1,781,967	3.5%	88,616	0	3.00%	25,545	135,660	877,036	882,527	99%	
27-28	1,844,336	3.5%	91,275	0	3.00%	27,027	67,410	927,928	939,165	99%	
28-29	1,908,887	3.5%	94,013	0	3.00%	30,348	10,328	1,041,961	1,060,209	98%	
29-30	1,975,698	3.5%	96,833	0	3.00%	33,102	35,393	1,136,504	1,163,123	98%	
30-31	2,044,848	3.5%	99,738	0	3.00%	35,723	45,473	1,226,492	1,262,792	97%	
31-32	2,116,417	3.5%	102,730	0	3.00%	39,228	21,629	1,346,822	1,394,339	97%	
32-33	2,190,492	3.5%	105,812	0	3.00%	34,738	294,711	1,192,661	1,251,690	95%	
33-34	2,209,918	3.5%	108,987	0	3.00%	36,146	96,766	1,241,028	1,308,157	95%	
34-35	2,223,788	3.5%	112,256	0	3.00%	31,167	314,383	1,070,069	1,143,310	94%	
35-36	2,301,620	3.5%	115,624	0	3.00%	35,177	13,140	1,207,730	1,291,110	94%	
36-37	2,382,177	3.5%	119,093	0	3.00%	37,894	63,676	1,301,040	1,396,027	93%	
37-38	2,461,956	3.5%	122,665	0	3.00%	33,891	293,992	1,163,605	1,270,104	92%	
38-39	2,548,125	3.5%	126,345	0	3.00%	31,189	250,302	1,070,838	1,189,802	90%	
39-40	2,637,309	3.5%	130,136	0	3.00%	35,253	25,867	1,210,359	1,343,706	90%	
40-41	2,729,615	3.5%	134,040	0	3.00%	39,552	26,010	1,357,941	1,507,717	90%	
41-42	2,825,151	3.5%	138,061	0	3.00%	44,318	18,736	1,521,584	1,690,032	90%	
42-43	2,924,032	3.5%	142,203	0	3.00%	45,000	163,793	1,544,993	1,733,807	89%	
43-44	3,026,373	3.5%	146,469	0	3.00%	48,783	65,365	1,674,880	1,886,383	89%	
44-45	3,132,296	3.5%	150,863	0	3.00%	53,898	29,134	1,850,507	2,087,381	89%	
45-46	3,241,926	3.5%	155,389	0	3.00%	59,621	18,535	2,046,982	2,312,165	89%	
46-47	3,355,393	3.5%	160,051	0	3.00%	58,960	241,696	2,024,296	2,319,826	87%	
47-48	3,472,832	3.5%	164,852	0	3.00%	41,401	809,128	1,421,421	1,740,273	82%	
48-49	3,594,381	3.5%	169,798	0	3.00%	45,435	76,720	1,559,934	1,911,753	82%	
49-50	3,684,736	3.5%	174,892	0	3.00%	49,932	70,425	1,714,333	2,099,576	82%	
50-51	3,813,702	3.5%	180,138	0	3.00%	47,541	309,756	1,632,257	2,054,509	79%	
51-52	3,947,181	3.5%	185,543	0	3.00%	52,237	76,555	1,793,482	2,256,300	79%	
52-53	4,085,333	3.5%	191,109	0	3.00%	34,209	844,293	1,174,507	1,677,864	70%	
53-54	4,228,319	3.5%	196,842	0	3.00%	39,025	70,509	1,339,866	1,887,624	71%	

Chart illustrates year end balances and expenditures with the level of contributions necessary to maintain adequate funding.

This chart illustrates annual expenditures and compares the current funding plan to the recommended funding plan.

Pine Ridge Plantation CDD Financial Summary - Current Funding Plan

Begining Balance: $717,350	Fully Funded: $710,533	Tax Rate:0%

Year		

24-25	
1,667,265	
3.5%	
82,202	
0	
3.00%	
23,315	
22,380	
800,487	
798,751	
100%	
25-26	1,721,707	3.5%	84,668	0	3.00%	26,089	15,525	895,719	899,238	100%	
26-27	1,781,967	3.5%	87,208	0	3.00%	25,418	135,660	872,685	882,527	99%	
27-28	1,844,336	3.5%	89,824	0	3.00%	26,853	67,410	921,953	939,165	98%	
28-29	1,908,887	3.5%	92,519	0	3.00%	30,124	10,328	1,034,268	1,060,209	98%	
29-30	1,975,698	3.5%	95,295	0	3.00%	32,825	35,393	1,126,995	1,163,123	97%	
30-31	2,044,848	3.5%	98,153	0	3.00%	35,390	45,473	1,215,066	1,262,792	96%	
31-32	2,116,417	3.5%	101,098	0	3.00%	38,836	21,629	1,333,372	1,394,339	96%	
32-33	2,190,492	3.5%	104,131	0	3.00%	34,284	294,711	1,177,075	1,251,690	94%	
33-34	2,209,918	3.5%	107,255	0	3.00%	35,627	96,766	1,223,191	1,308,157	94%	
34-35	2,223,788	3.5%	110,473	0	3.00%	30,578	314,383	1,049,860	1,143,310	92%	
35-36	2,301,620	3.5%	113,787	0	3.00%	34,515	13,140	1,185,022	1,291,110	92%	
36-37	2,382,177	3.5%	117,200	0	3.00%	37,156	63,676	1,275,702	1,396,027	91%	
37-38	2,461,956	3.5%	120,716	0	3.00%	33,073	293,992	1,135,499	1,270,104	89%	
38-39	2,548,125	3.5%	124,338	0	3.00%	30,286	250,302	1,039,821	1,189,802	87%	
39-40	2,637,309	3.5%	128,068	0	3.00%	34,261	25,867	1,176,282	1,343,706	88%	
40-41	2,729,615	3.5%	131,910	0	3.00%	38,465	26,010	1,320,648	1,507,717	88%	
41-42	2,825,151	3.5%	135,867	0	3.00%	43,133	18,736	1,480,912	1,690,032	88%	
42-43	2,924,032	3.5%	139,943	0	3.00%	43,712	163,793	1,500,774	1,733,807	87%	
43-44	3,026,373	3.5%	144,142	0	3.00%	47,387	65,365	1,626,937	1,886,383	86%	
44-45	3,132,296	3.5%	148,466	0	3.00%	52,388	29,134	1,798,657	2,087,381	86%	
45-46	3,241,926	3.5%	152,920	0	3.00%	57,991	18,535	1,991,033	2,312,165	86%	
46-47	3,355,393	3.5%	157,508	0	3.00%	57,205	241,696	1,964,050	2,319,826	85%	
47-48	3,472,832	3.5%	162,233	0	3.00%	39,515	809,128	1,356,669	1,740,273	78%	
48-49	3,594,381	3.5%	167,100	0	3.00%	43,411	76,720	1,490,461	1,911,753	78%	
49-50	3,684,736	3.5%	172,113	0	3.00%	47,764	70,425	1,639,913	2,099,576	78%	
50-51	3,813,702	3.5%	177,276	0	3.00%	45,223	309,756	1,552,656	2,054,509	76%	
51-52	3,947,181	3.5%	182,594	0	3.00%	49,761	76,555	1,708,457	2,256,300	76%	
52-53	4,085,333	3.5%	188,072	0	3.00%	31,567	844,293	1,083,803	1,677,864	65%	
53-54	4,228,319	3.5%	193,714	0	3.00%	36,210	70,509	1,243,219	1,887,624	66%	

This chart illustrates how the CDD's current funding plan will perform over time.

	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	
Beginning Balance	717,350	801,854	898,535	877,036	927,928	1,041,961	1,136,504	1,226,492	1,346,822	1,192,661	
Annual Assessment	83,529	86,035	88,616	91,275	94,013	96,833	99,738	102,730	105,812	108,987	
Interest Earned	23,355	26,171	25,545	27,027	30,348	33,102	35,723	39,228	34,738	36,146	
Expenditures	22,380	15,525	135,660	67,410	10,328	35,393	45,473	21,629	294,711	96,766	
Fully Funded Reserves	798,751	899,238	882,527	939,165	1,060,209	1,163,123	1,262,792	1,394,339	1,251,690	1,308,157	
Percent Fully Funded	100%	100%	99%	99%	98%	98%	97%	97%	95%	95%	
Ending Balance	801,854	898,535	877,036	927,928	1,041,961	1,136,504	1,226,492	1,346,822	1,192,661	1,241,028	

Description
Misc. Site Components											
Monument Sign (Large) Refurbishment		4,140									
Monument Sign (Small) Refurbishment		2,070									
Misc. Site Components Total:		6,210									
Fence & Gates											
Aluminum Fencing - Pool											
Aluminum Gates/Fence- Entry											
Chain Link Fence VC - Sport Courts											
Chain Link Fence/Gates - Dumpster									3,034		
Viny Ranch Fence - Tynes Blvd.											
Vinyl Fencing - Pine Ridge Pkwy									3,455		
Fence & Gates Total:									6,489		
Parking Lots											
Asphalt Resurfacing - Phase I									66,367		
Asphalt Resurfacing - Phase II											
Concrete Curbing Allow at Paving - Phase I									5,004		
Concrete Curbing Allow at Paving - Phase II											
Parking Lots Total:									71,371		
Site Lighting											
Decorative Light Poles - Parking Lot									22,122		
Decorative Light Poles - Playgound/Trail									36,871		
Decorative Light Poles - Pool									41,084		
Light Fixtures - Concrete Poles											
Site Lighting Total:									100,077		

Description

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

Building Components		
Exterior Door/Window Allowance (Partial Replace)
Folding Partition - Meeting Room						
Refurbish Allowance - Clubhouse Restrooms
Refurbish Allowance - Locker Rooms						
Building Components Total:						
Roofing						
Metal Roof - Clubhouse
Metal Roof - Pool Slide Tower						
Roofing Total:						
Cabinets & Tops						
Cabinets & Top - Outdoor Gathering
Cabinets & Tops - Meeting Area		3,659		
5,899		
Cabinets & Tops - Serving Room				12,220		
Cabinets & Tops Total:		3,659		18,119		
Exterior Painting						
Painting - Clubhouse Siding & Trim
Painting - Pool Slide Stairs			
4,671		23,169	
Exterior Painting Total:			4,671		23,169	
Flooring						
Carpet - Clubhouse (replace with vinyl)
Rubber Floor - Fitness Room	3,780			
5,804		
Tile Floor - Serving Room				4,365		
Vinyl Plank Floor - Activity Room/Corridor				7,577		
Wood Floor - Family Gathering Room						
Flooring Total:	3,780			17,747		
Misc.Components						
Access Control System
Ceiling Fans - Exterior		3,881				
Ceiling Fans - Family Gathering Room						

Description

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

Misc.Components continued...		
Ceiling Fans - Fitness Center
Fitness Equip. Allowance (partial replacement)	
3,000	
3,105	
3,214	
3,326	
3,443	
3,563	
3,688	
3,817	
3,950	
4,089	
Fitness Equip. Replace Allowance
Furniture Allowance - Clubhouse						
14,252					
Office Furniture
Pool/Patio Furniture Allowance (partial replaceme..	
3,000	
3,105	
3,214	
3,326	
3,443	2,375
3,563	
3,688	
3,817	
3,950	
4,089	
Pool/Patio Furniture Replacement Allowance Security Camera System Allowance Misc.Components Total:
HVAC Equipment	

6,000	

6,210	

6,427	

10,533	

6,885	

23,754	

7,376	

7,634	55,306

63,207	

8,177	
Air Handler (refurbished)
HVAC Unit 1											
HVAC Unit 2
HVAC Unit 3 A Condensor	
6,000							10,178			
HVAC Unit 3 B Condensor	3,600										
HVAC Equipment Total:	9,600							10,178			
Life Safety Systems											
Fire Alarm Panel						8,076					
Life Safety Systems Total:						8,076					
Playground											
Playground Equipment Allowance
Wood Benches/Tables				27,718					
6,321		
Playground Total:				27,718					6,321		
Sport Courts											
Drinking Fountain
Shade Fabric - Sport Courts											
Shade Structure Replacement - Sport Courts
Sport Court Replacement											
Sport Court Resurfacing (color coat)							29,738				
Sport Courts Total:							29,738				

Description

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

Swimming Pool											
Concrete Pavers - Pool Deck/Patio
Fiberglass Refurbish Allow - Pool Slide											
Filtration Equip Allowance (partial replacement)
Filtration System Refurishment Allowance	3,000	3,105	3,214	3,326	3,443	3,563	3,688	3,817	3,950	4,089	
Pool Lift
Pool Resurfacing/Tile			
126,019						7,429		
Pool Splash Equipment Allowance
Refurbish Allowance - Pool Slide Frame				22,174							
Shade Fabric - Pool
Shade Structure Replacement										
61,330	
Splash Pad Equipment Allowance
Swimming Pool Total:
Operating Expense	
3,000	
3,105	
129,233	
25,501	
3,443	
3,563	
3,688	
3,817	
11,380	
65,419	
Backflow Preventer Repair
Electrical Panels/Disconnects	Unfunded
Unfunded										
Fire Detection Devices
Flag Pole	Unfunded
Unfunded										
Grills
Interior Painting - Clubhouse	Unfunded
Unfunded										
Laminated Beam Repair
Message Board	Unfunded
Unfunded										
Painting - Entry Features
Painting - Pool Equipment Yard	Unfunded
Unfunded										
Pendent Lights - Breezeway
Refrigerator	Unfunded
Unfunded										
Splash Pad Coating/Repair
Sport Court Nets/Equipment	Unfunded
Unfunded										
Trash Cans/ Misc. Site Furnishings
Water Coolers - Clubhouse	Unfunded
Unfunded										
Water Heater - Clubhouse	Unfunded										

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

Backflow Preventer Replacement Building Foundation/Frame

Unfunded Unfunded

Not Included
Communication Wiring/Devices in Building	Unfunded

Light Poles (Concrete) - Parking Lot Siding/Trim Replacement

Unfunded Unfunded

Electrical Wiring/Devices in Building	Unfunded
Site Utilities	Unfunded
Water/Sewer/Vent Piping In building	Unfunded

Wood Pergolas - Entry Signs	Unfunded

Components Removed

Year Total:	22,380	15,525	135,660	67,410	10,328	35,393	45,473	21,629	294,711	96,766

	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Beginning Balance	1,241,028	1,070,069	1,207,730	1,301,040	1,163,605	1,070,838	1,210,359	1,357,941	1,521,584	1,544,993	
Annual Assessment	112,256	115,624	119,093	122,665	126,345	130,136	134,040	138,061	142,203	146,469	
Interest Earned	31,167	35,177	37,894	33,891	31,189	35,253	39,552	44,318	45,000	48,783	
Expenditures	314,383	13,140	63,676	293,992	250,302	25,867	26,010	18,736	163,793	65,365	
Fully Funded Reserves	1,143,310	1,291,110	1,396,027	1,270,104	1,189,802	1,343,706	1,507,717	1,690,032	1,733,807	1,886,383	
Percent Fully Funded	94%	94%	93%	92%	90%	90%	90%	90%	89%	89%	
Ending Balance	1,070,069	1,207,730	1,301,040	1,163,605	1,070,838	1,210,359	1,357,941	1,521,584	1,544,993	1,674,880	

Description
Misc. Site Components											
Monument Sign (Large) Refurbishment							6,936				
Monument Sign (Small) Refurbishment							3,468				
Misc. Site Components Total:							10,404				
Fence & Gates											
Aluminum Fencing - Pool											
Aluminum Gates/Fence- Entry									7,801		
Chain Link Fence VC - Sport Courts											
Chain Link Fence/Gates - Dumpster											
Viny Ranch Fence - Tynes Blvd.											
Vinyl Fencing - Pine Ridge Pkwy											
Fence & Gates Total:									7,801		
Parking Lots											
Asphalt Resurfacing - Phase I											
Asphalt Resurfacing - Phase II											
Concrete Curbing Allow at Paving - Phase I											
Concrete Curbing Allow at Paving - Phase II											
Parking Lots Total:											
Site Lighting											
Decorative Light Poles - Parking Lot											
Decorative Light Poles - Playgound/Trail											
Decorative Light Poles - Pool											
Light Fixtures - Concrete Poles									11,888		
Site Lighting Total:									11,888		

Description

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

Building Components		
Exterior Door/Window Allowance (Partial Replace)
Folding Partition - Meeting Room			
4,473					
Refurbish Allowance - Clubhouse Restrooms	46,945							
Refurbish Allowance - Locker Rooms	146,973							
Building Components Total:	193,918		4,473					
Roofing								
Metal Roof - Clubhouse			270,940					
Metal Roof - Pool Slide Tower			4,504					
Roofing Total:			275,444					
Cabinets & Tops								
Cabinets & Top - Outdoor Gathering
Cabinets & Tops - Meeting Area								
Cabinets & Tops - Serving Room								
Cabinets & Tops Total:								
Exterior Painting								
Painting - Clubhouse Siding & Trim
Painting - Pool Slide Stairs				
6,151			32,683	
Exterior Painting Total:				6,151			32,683	
Flooring								
Carpet - Clubhouse (replace with vinyl)
Rubber Floor - Fitness Room								
Tile Floor - Serving Room
Vinyl Plank Floor - Activity Room/Corridor								
Wood Floor - Family Gathering Room						18,723		
Flooring Total:						18,723		
Misc.Components								
Access Control System
Ceiling Fans - Exterior		
9,429				6,501		
Ceiling Fans - Family Gathering Room					2,584			

Description

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

Misc.Components continued...		
Ceiling Fans - Fitness Center
Fitness Equip. Allowance (partial replacement)	
4,232	
4,380	
4,533	
4,692	
4,856	2,413
5,026	
5,202	
5,384	
5,572	
5,768	
Fitness Equip. Replace Allowance
Furniture Allowance - Clubhouse											
Office Furniture
Pool/Patio Furniture Allowance (partial replaceme..	
4,232	
4,380	
4,533	
4,692	
4,856	
5,026	
5,202	
5,384	
5,572	
5,768	
Pool/Patio Furniture Replacement Allowance Security Camera System Allowance Misc.Components Total:
HVAC Equipment	

8,464	

8,760	
22,666
41,162	

9,384	

9,712	

12,465	

10,404	

13,352	

17,646	

11,535	
Air Handler (refurbished)
HVAC Unit 1	
11,849					8,377					
HVAC Unit 2
HVAC Unit 3 A Condensor			
9,066							15,380	
HVAC Unit 3 B Condensor			5,440								
HVAC Equipment Total:	11,849		14,506			8,377				15,380	
Life Safety Systems											
Fire Alarm Panel											
Life Safety Systems Total:											
Playground											
Playground Equipment Allowance
Wood Benches/Tables									46,437		
Playground Total:									46,437		
Sport Courts											
Drinking Fountain
Shade Fabric - Sport Courts			
3,475								
Shade Structure Replacement - Sport Courts
Sport Court Replacement											
Sport Court Resurfacing (color coat)					39,159						
Sport Courts Total:			3,475		39,159						

Description

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

Swimming Pool											
Concrete Pavers - Pool Deck/Patio
Fiberglass Refurbish Allow - Pool Slide	
40,907										
Filtration Equip Allowance (partial replacement)
Filtration System Refurishment Allowance	4,232	4,380	4,533	4,692	4,856	5,026	5,202	5,384	5,572
55,725	5,768	
Pool Lift
Pool Resurfacing/Tile					
190,423						
Pool Splash Equipment Allowance
Refurbish Allowance - Pool Slide Frame	
55,013										
Shade Fabric - Pool
Shade Structure Replacement											
Splash Pad Equipment Allowance
Swimming Pool Total:
Operating Expense	
100,153	
4,380	
4,533	
4,692	
195,279	
5,026	
5,202	
5,384	
61,297	
5,768	
Backflow Preventer Repair
Electrical Panels/Disconnects	Unfunded
Unfunded										
Fire Detection Devices
Flag Pole	Unfunded
Unfunded										
Grills
Interior Painting - Clubhouse	Unfunded
Unfunded										
Laminated Beam Repair
Message Board	Unfunded
Unfunded										
Painting - Entry Features
Painting - Pool Equipment Yard	Unfunded
Unfunded										
Pendent Lights - Breezeway
Refrigerator	Unfunded
Unfunded										
Splash Pad Coating/Repair
Sport Court Nets/Equipment	Unfunded
Unfunded										
Trash Cans/ Misc. Site Furnishings
Water Coolers - Clubhouse	Unfunded
Unfunded										
Water Heater - Clubhouse	Unfunded										

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

Backflow Preventer Replacement Building Foundation/Frame

Unfunded Unfunded

Not Included
Communication Wiring/Devices in Building	Unfunded

Light Poles (Concrete) - Parking Lot Siding/Trim Replacement

Unfunded Unfunded

Electrical Wiring/Devices in Building	Unfunded
Site Utilities	Unfunded
Water/Sewer/Vent Piping In building	Unfunded

Wood Pergolas - Entry Signs	Unfunded

Components Removed

Year Total:	314,383	13,140	63,676	293,992	250,302	25,867	26,010	18,736	163,793	65,365

	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	
Beginning Balance	1,674,880	1,850,507	2,046,982	2,024,296	1,421,421	1,559,934	1,714,333	1,632,257	1,793,482	1,174,507	
Annual Assessment	150,863	155,389	160,051	164,852	169,798	174,892	180,138	185,543	191,109	196,842	
Interest Earned	53,898	59,621	58,960	41,401	45,435	49,932	47,541	52,237	34,209	39,025	
Expenditures	29,134	18,535	241,696	809,128	76,720	70,425	309,756	76,555	844,293	70,509	
Fully Funded Reserves	2,087,381	2,312,165	2,319,826	1,740,273	1,911,753	2,099,576	2,054,509	2,256,300	1,677,864	1,887,624	
Percent Fully Funded	89%	89%	87%	82%	82%	82%	79%	79%	70%	71%	
Ending Balance	1,850,507	2,046,982	2,024,296	1,421,421	1,559,934	1,714,333	1,632,257	1,793,482	1,174,507	1,339,866	

Description
Misc. Site Components											
Monument Sign (Large) Refurbishment											
Monument Sign (Small) Refurbishment											
Misc. Site Components Total:											
Fence & Gates											
Aluminum Fencing - Pool				164,956							
Aluminum Gates/Fence- Entry											
Chain Link Fence VC - Sport Courts									185,634		
Chain Link Fence/Gates - Dumpster											
Viny Ranch Fence - Tynes Blvd.				28,168							
Vinyl Fencing - Pine Ridge Pkwy											
Fence & Gates Total:				193,123					185,634		
Parking Lots											
Asphalt Resurfacing - Phase I											
Asphalt Resurfacing - Phase II				102,571							
Concrete Curbing Allow at Paving - Phase I											
Concrete Curbing Allow at Paving - Phase II				8,383							
Parking Lots Total:				110,954							
Site Lighting											
Decorative Light Poles - Parking Lot											
Decorative Light Poles - Playgound/Trail											
Decorative Light Poles - Pool											
Light Fixtures - Concrete Poles											
Site Lighting Total:											

Description

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54

Building Components		
Exterior Door/Window Allowance (Partial Replace)
Folding Partition - Meeting Room				104,807		
Refurbish Allowance - Clubhouse Restrooms
Refurbish Allowance - Locker Rooms						
Building Components Total:				104,807		
Roofing						
Metal Roof - Clubhouse
Metal Roof - Pool Slide Tower						
Roofing Total:						
Cabinets & Tops						
Cabinets & Top - Outdoor Gathering
Cabinets & Tops - Meeting Area		7,280				
Cabinets & Tops - Serving Room						
Cabinets & Tops Total:		7,280				
Exterior Painting						
Painting - Clubhouse Siding & Trim
Painting - Pool Slide Stairs	
8,100				46,102	
Exterior Painting Total:	8,100				46,102	
Flooring						
Carpet - Clubhouse (replace with vinyl)
Rubber Floor - Fitness Room						
Tile Floor - Serving Room
Vinyl Plank Floor - Activity Room/Corridor						
Wood Floor - Family Gathering Room						
Flooring Total:						
Misc.Components						
Access Control System
Ceiling Fans - Exterior			
15,797			
Ceiling Fans - Family Gathering Room						

Description

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54

Misc.Components continued...		
Ceiling Fans - Fitness Center
Fitness Equip. Allowance (partial replacement)	
5,969	
6,178	
6,395		
6,850	
7,090	
7,338	
7,595	
7,861	
8,136	
Fitness Equip. Replace Allowance
Furniture Allowance - Clubhouse				88,245		
28,359					
Office Furniture
Pool/Patio Furniture Allowance (partial replaceme..	
5,969	
6,178	
6,395	
6,618	
6,850	4,726
7,090	
7,338	
7,595	
7,861	
8,136	
Pool/Patio Furniture Replacement Allowance Security Camera System Allowance Misc.Components Total:
HVAC Equipment	

11,939	

12,357	

12,789	

94,863	

13,700	

47,265	

14,676	
37,974
68,960	

15,721	

16,271	
Air Handler (refurbished)
HVAC Unit 1			
17,905								
HVAC Unit 2
HVAC Unit 3 A Condensor					
13,700						
HVAC Unit 3 B Condensor					8,220						
HVAC Equipment Total:			17,905		21,920						
Life Safety Systems											
Fire Alarm Panel						16,070					
Life Safety Systems Total:						16,070					
Playground											
Playground Equipment Allowance
Wood Benches/Tables									
12,577		
Playground Total:									12,577		
Sport Courts											
Drinking Fountain
Shade Fabric - Sport Courts									12,577		
Shade Structure Replacement - Sport Courts
Sport Court Replacement					34,250				
505,117		
Sport Court Resurfacing (color coat)			51,566								
Sport Courts Total:			51,566		34,250				517,694		

Description

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54

Swimming Pool											
Concrete Pavers - Pool Deck/Patio
Fiberglass Refurbish Allow - Pool Slide			
61,814	244,287							
Filtration Equip Allowance (partial replacement)
Filtration System Refurishment Allowance	5,969	6,178	6,395	6,618	6,850	7,090	7,338	7,595	7,861	8,136	
Pool Lift
Pool Resurfacing/Tile	11,226						
287,743				
Pool Splash Equipment Allowance
Refurbish Allowance - Pool Slide Frame			
83,129	44,122							
Shade Fabric - Pool
Shade Structure Replacement				15,222							
Splash Pad Equipment Allowance
Swimming Pool Total:
Operating Expense	
17,196	
6,178	
151,337	92,657
402,907	
6,850	
7,090	
295,080	
7,595	
7,861	
8,136	
Backflow Preventer Repair
Electrical Panels/Disconnects	Unfunded
Unfunded										
Fire Detection Devices
Flag Pole	Unfunded
Unfunded										
Grills
Interior Painting - Clubhouse	Unfunded
Unfunded										
Laminated Beam Repair
Message Board	Unfunded
Unfunded										
Painting - Entry Features
Painting - Pool Equipment Yard	Unfunded
Unfunded										
Pendent Lights - Breezeway
Refrigerator	Unfunded
Unfunded										
Splash Pad Coating/Repair
Sport Court Nets/Equipment	Unfunded
Unfunded										
Trash Cans/ Misc. Site Furnishings
Water Coolers - Clubhouse	Unfunded
Unfunded										
Water Heater - Clubhouse	Unfunded										

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54
Description

Backflow Preventer Replacement Building Foundation/Frame

Unfunded Unfunded

Not Included
Communication Wiring/Devices in Building	Unfunded

Light Poles (Concrete) - Parking Lot Siding/Trim Replacement

Unfunded Unfunded

Electrical Wiring/Devices in Building	Unfunded
Site Utilities	Unfunded
Water/Sewer/Vent Piping In building	Unfunded

Wood Pergolas - Entry Signs	Unfunded

Components Removed

Year Total:	29,134	18,535	241,696	809,128	76,720	70,425	309,756	76,555	844,293	70,509

Description	Expenditures

Replacement Year 24-25 Flooring
Carpet - Clubhouse (replace with vinyl)	3,780
Misc.Components
Fitness Equip. Allowance (partial replacement)	3,000
Pool/Patio Furniture Allowance (partial replacement)	3,000
HVAC Equipment
HVAC Unit 3 A Condensor	6,000
HVAC Unit 3 B Condensor	3,600
Swimming Pool
Filtration Equip Allowance (partial replacement)	3,000	
Total for 2024 - 2025	$22,380	
Replacement Year 25-26		
Misc. Site Components
Monument Sign (Large) Refurbishment	
4,140	
Monument Sign (Small) Refurbishment	2,070	
Misc.Components
Fitness Equip. Allowance (partial replacement)	3,105
Pool/Patio Furniture Allowance (partial replacement)	3,105
Swimming Pool
Filtration Equip Allowance (partial replacement)	3,105	
Total for 2025 - 2026	$15,525	
Replacement Year 26-27		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	3,214	
Pool/Patio Furniture Allowance (partial replacement)	3,214	
Swimming Pool		
Filtration Equip Allowance (partial replacement)	3,214	
Pool Resurfacing/Tile	126,019	
Total for 2026 - 2027	$135,660	
Replacement Year 27-28		
Cabinets & Tops		
Cabinets & Top - Outdoor Gathering	3,659	

Description	Expenditures	
Replacement Year 27-28 continued...		
Misc.Components
Access Control System	
3,881	
Fitness Equip. Allowance (partial replacement)	3,326	
Pool/Patio Furniture Allowance (partial replacement)	3,326	
Playground
Playground Equipment Allowance	27,718
Swimming Pool
Filtration Equip Allowance (partial replacement)	3,326	
Pool Splash Equipment Allowance	22,174	
Total for 2027 - 2028	$67,410	
Replacement Year 28-29		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	3,443	
Pool/Patio Furniture Allowance (partial replacement)	3,443	
Swimming Pool
Filtration Equip Allowance (partial replacement)	
3,443	
Total for 2028 - 2029	$10,328	
Replacement Year 29-30		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	3,563	
Furniture Allowance - Clubhouse	14,252	
Office Furniture	2,375	
Pool/Patio Furniture Allowance (partial replacement)	3,563	
Life Safety Systems		
Fire Alarm Panel	8,076	
Swimming Pool
Filtration Equip Allowance (partial replacement)	
3,563	
Total for 2029 - 2030	$35,393	
Replacement Year 30-31		
Exterior Painting		
Painting - Pool Slide Stairs	4,671	

Description	Expenditures

Replacement Year 30-31 continued...
Misc.Components
Fitness Equip. Allowance (partial replacement)	3,688
Pool/Patio Furniture Allowance (partial replacement)	3,688
Sport Courts
Sport Court Resurfacing (color coat)	29,738
Swimming Pool
Filtration Equip Allowance (partial replacement)	3,688	
Total for 2030 - 2031	$45,473	
Replacement Year 31-32		
Misc.Components
Fitness Equip. Allowance (partial replacement)	
3,817	
Pool/Patio Furniture Allowance (partial replacement)	3,817	
HVAC Equipment
HVAC Unit 2	
10,178	
Swimming Pool
Filtration Equip Allowance (partial replacement)	
3,817	
Total for 2031 - 2032	$21,629	
Replacement Year 32-33		
Fence & Gates
Chain Link Fence/Gates - Dumpster	
3,034	
Vinyl Fencing - Pine Ridge Pkwy	3,455	
Parking Lots
Asphalt Resurfacing - Phase I	66,367
Concrete Curbing Allow at Paving - Phase I	5,004
Site Lighting
Decorative Light Poles - Parking Lot	22,122
Decorative Light Poles - Playgound/Trail	36,871
Decorative Light Poles - Pool	41,084
Cabinets & Tops
Cabinets & Tops - Meeting Area	5,899
Cabinets & Tops - Serving Room	12,220

Description	Expenditures	
Replacement Year 32-33 continued...		
Flooring
Rubber Floor - Fitness Room	
5,804	
Tile Floor - Serving Room	4,365	
Vinyl Plank Floor - Activity Room/Corridor	7,577	
Misc.Components
Fitness Equip. Allowance (partial replacement)	3,950
Pool/Patio Furniture Allowance (partial replacement)	3,950
Pool/Patio Furniture Replacement Allowance	55,306
Playground
Wood Benches/Tables	6,321
Swimming Pool
Filtration Equip Allowance (partial replacement)	3,950	
Pool Lift	7,429	
Total for 2032 - 2033	$294,711	
Replacement Year 33-34		
Exterior Painting
Painting - Clubhouse Siding & Trim	
23,169	
Misc.Components
Fitness Equip. Allowance (partial replacement)	4,089
Pool/Patio Furniture Allowance (partial replacement)	4,089
Swimming Pool
Filtration Equip Allowance (partial replacement)	4,089	
Shade Structure Replacement	61,330	
Total for 2033 - 2034	$96,766	
Replacement Year 34-35		
Building Components
Refurbish Allowance - Clubhouse Restrooms	
46,945	
Refurbish Allowance - Locker Rooms	146,973	
Misc.Components
Fitness Equip. Allowance (partial replacement)	4,232
Pool/Patio Furniture Allowance (partial replacement)	4,232

Description	Expenditures	
Replacement Year 34-35 continued...		
HVAC Equipment		
HVAC Unit 1	11,849	
Swimming Pool		
Fiberglass Refurbish Allow - Pool Slide	40,907	
Filtration Equip Allowance (partial replacement)	4,232	
Refurbish Allowance - Pool Slide Frame	55,013	
Total for 2034 - 2035	
$314,383	
Replacement Year 35-36		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	4,380	
Pool/Patio Furniture Allowance (partial replacement)	4,380	
Swimming Pool		
Filtration Equip Allowance (partial replacement)	4,380	
Total for 2035 - 2036	$13,140	
Replacement Year 36-37		
Misc.Components		
Ceiling Fans - Exterior	9,429	
Fitness Equip. Allowance (partial replacement)	4,533	
Pool/Patio Furniture Allowance (partial replacement)	4,533	
Security Camera System Allowance	22,666	
HVAC Equipment
HVAC Unit 3 A Condensor	9,066
HVAC Unit 3 B Condensor	5,440
Sport Courts
Shade Fabric - Sport Courts	3,475
Swimming Pool
Filtration Equip Allowance (partial replacement)	4,533	
Total for 2036 - 2037	$63,676	
Replacement Year 37-38		
Building Components
Folding Partition - Meeting Room	
4,473	

Description	Expenditures

Replacement Year 37-38 continued...
Roofing
Metal Roof - Clubhouse	270,940
Metal Roof - Pool Slide Tower	4,504
Misc.Components
Fitness Equip. Allowance (partial replacement)	4,692
Pool/Patio Furniture Allowance (partial replacement)	4,692
Swimming Pool
Filtration Equip Allowance (partial replacement)	4,692
Total for 2037 - 2038	$293,992

Replacement Year 38-39 Exterior Painting
Painting - Pool Slide Stairs	6,151
Misc.Components
Fitness Equip. Allowance (partial replacement)	4,856
Pool/Patio Furniture Allowance (partial replacement)	4,856
Sport Courts
Sport Court Resurfacing (color coat)	39,159
Swimming Pool
Filtration Equip Allowance (partial replacement)	4,856	
Pool Resurfacing/Tile	190,423	
Total for 2038 - 2039	$250,302	
Replacement Year 39-40		
Misc.Components
Ceiling Fans - Fitness Center	
2,413	
Fitness Equip. Allowance (partial replacement)	5,026	
Pool/Patio Furniture Allowance (partial replacement)	5,026	
HVAC Equipment
Air Handler (refurbished)	8,377
Swimming Pool
Filtration Equip Allowance (partial replacement)	5,026
Total for 2039 - 2040	$25,867

Description	Expenditures

Replacement Year 40-41 Misc. Site Components
Monument Sign (Large) Refurbishment	6,936
Monument Sign (Small) Refurbishment	3,468
Misc.Components
Fitness Equip. Allowance (partial replacement)	5,202
Pool/Patio Furniture Allowance (partial replacement)	5,202

Swimming Pool
Filtration Equip Allowance (partial replacement)	5,202	
Total for 2040 - 2041	$26,010	
Replacement Year 41-42		
Misc.Components		
Ceiling Fans - Family Gathering Room	2,584	
Fitness Equip. Allowance (partial replacement)	5,384	
Pool/Patio Furniture Allowance (partial replacement)	5,384	
Swimming Pool
Filtration Equip Allowance (partial replacement)	
5,384	
Total for 2041 - 2042	$18,736	
Replacement Year 42-43		
Fence & Gates		
Aluminum Gates/Fence- Entry	7,801	
Site Lighting
Light Fixtures - Concrete Poles	11,888
Flooring
Wood Floor - Family Gathering Room	18,723
Misc.Components
Access Control System	6,501
Fitness Equip. Allowance (partial replacement)	5,572
Pool/Patio Furniture Allowance (partial replacement)	5,572
Playground
Playground Equipment Allowance	46,437
Swimming Pool
Filtration Equip Allowance (partial replacement)	5,572

Description	Expenditures	
Replacement Year 42-43 continued...		
Filtration System Refurishment Allowance	55,725	
Total for 2042 - 2043	
$163,793	
Replacement Year 43-44		
Exterior Painting		
Painting - Clubhouse Siding & Trim	32,683	
Misc.Components		
Fitness Equip. Allowance (partial replacement)	5,768	
Pool/Patio Furniture Allowance (partial replacement)	5,768	
HVAC Equipment		
HVAC Unit 2	15,380	
Swimming Pool		
Filtration Equip Allowance (partial replacement)	5,768	
Total for 2043 - 2044	$65,365	
Replacement Year 44-45		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	5,969	
Pool/Patio Furniture Allowance (partial replacement)	5,969	
Swimming Pool			
Filtration Equip Allowance (partial replacement)	5,969	
Pool Lift	11,226	
Total for 2044 - 2045	$29,134	
Replacement Year 45-46		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	6,178	
Pool/Patio Furniture Allowance (partial replacement)	6,178	
Swimming Pool			
Filtration Equip Allowance (partial replacement)	6,178	
Total for 2045 - 2046	$18,535	
Replacement Year 46-47		
Exterior Painting		
Painting - Pool Slide Stairs	8,100	

Description	Expenditures	
Replacement Year 46-47 continued...		
Misc.Components
Fitness Equip. Allowance (partial replacement)	
6,395	
Pool/Patio Furniture Allowance (partial replacement)	6,395	
HVAC Equipment
HVAC Unit 1	
17,905	
Sport Courts
Sport Court Resurfacing (color coat)	51,566
Swimming Pool
Fiberglass Refurbish Allow - Pool Slide	61,814	
Filtration Equip Allowance (partial replacement)	6,395	
Refurbish Allowance - Pool Slide Frame	83,129	
Total for 2046 - 2047	$241,696	
Replacement Year 47-48		
Fence & Gates
Aluminum Fencing - Pool	
164,956	
Viny Ranch Fence - Tynes Blvd.	28,168	
Parking Lots
Asphalt Resurfacing - Phase II	102,571
Concrete Curbing Allow at Paving - Phase II	8,383
Cabinets & Tops
Cabinets & Top - Outdoor Gathering	7,280
Misc.Components
Fitness Equip. Replace Allowance	88,245
Pool/Patio Furniture Allowance (partial replacement)	6,618
Swimming Pool
Concrete Pavers - Pool Deck/Patio	244,287	
Filtration Equip Allowance (partial replacement)	6,618	
Pool Splash Equipment Allowance	44,122	
Shade Fabric - Pool	15,222	
Splash Pad Equipment Allowance	92,657	
Total for 2047 - 2048	$809,128	

Description	Expenditures

Replacement Year 48-49 Misc.Components
Fitness Equip. Allowance (partial replacement)	6,850
Pool/Patio Furniture Allowance (partial replacement)	6,850
HVAC Equipment
HVAC Unit 3 A Condensor	13,700
HVAC Unit 3 B Condensor	8,220
Sport Courts
Shade Structure Replacement - Sport Courts	34,250

Swimming Pool		
Filtration Equip Allowance (partial replacement)	6,850	
Total for 2048 - 2049	$76,720	
Replacement Year 49-50		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	7,090	
Furniture Allowance - Clubhouse	28,359	
Office Furniture	4,726	
Pool/Patio Furniture Allowance (partial replacement)	7,090	
Life Safety Systems		
Fire Alarm Panel	16,070	
Swimming Pool
Filtration Equip Allowance (partial replacement)	
7,090	
Total for 2049 - 2050	$70,425	
Replacement Year 50-51		
Misc.Components		
Fitness Equip. Allowance (partial replacement)	7,338	
Pool/Patio Furniture Allowance (partial replacement)	7,338	
Swimming Pool		
Filtration Equip Allowance (partial replacement)	7,338	
Pool Resurfacing/Tile	287,743	
Total for 2050 - 2051	$309,756	

Description	Expenditures	
Replacement Year 51-52		
Misc.Components		
Ceiling Fans - Exterior	15,797	
Fitness Equip. Allowance (partial replacement)	7,595	
Pool/Patio Furniture Allowance (partial replacement)	7,595	
Security Camera System Allowance	37,974	
Swimming Pool		
Filtration Equip Allowance (partial replacement)	7,595	
Total for 2051 - 2052	$76,555	
Replacement Year 52-53		
Fence & Gates		
Chain Link Fence VC - Sport Courts	185,634	
Building Components
Exterior Door/Window Allowance (Partial Replace)	104,807
Misc.Components
Fitness Equip. Allowance (partial replacement)	7,861
Pool/Patio Furniture Allowance (partial replacement)	7,861
Playground
Wood Benches/Tables	12,577
Sport Courts
Drinking Fountain	12,577
Sport Court Replacement	505,117
Swimming Pool
Filtration Equip Allowance (partial replacement)	7,861
Total for 2052 - 2053	$844,293

Replacement Year 53-54 Exterior Painting
Painting - Clubhouse Siding & Trim	46,102
Misc.Components
Fitness Equip. Allowance (partial replacement)	8,136
Pool/Patio Furniture Allowance (partial replacement)	8,136
Swimming Pool
Filtration Equip Allowance (partial replacement)	8,136
Total for 2053 - 2054	$70,509

Description		
Misc. Site Components
Monument Sign (Large) Refurbishment	
2008	
25-26	
15	
3	
1	
1 Lump Sum	
4,000.00	
4,000	
Monument Sign (Small) Refurbishment	2008	25-26	15	3	1	1 Lump Sum	2,000.00	 2,000	
Misc. Site Components - Total								$6,000	
Fence & Gates
Aluminum Fencing - Pool	
2023	
47-48	
25	
0	
23	
804 Linear Feet	
93.00	
74,772	
Aluminum Gates/Fence- Entry	2023	42-43	20	0	18	1 Lump Sum	4,200.00	4,200	
Chain Link Fence VC - Sport Courts	2023	52-53	30	0	28	738 Linear Feet	96.00	70,848	
Chain Link Fence/Gates - Dumpster	2008	32-33	25	0	8	48 Linear Feet	48.00	2,304	
Viny Ranch Fence - Tynes Blvd.	2023	47-48	25	0	23	304 Linear Feet	42.00	12,768	
Vinyl Fencing - Pine Ridge Pkwy	2008	32-33	25	0	8	82 Linear Feet	32.00		2,624	
Fence & Gates - Total								$167,516	
Parking Lots
Asphalt Resurfacing - Phase I	
2008	
32-33	
25	
0	
8	
2,400 Square Yards	
21.00	
50,400	
Asphalt Resurfacing - Phase II	2023	47-48	25	0	23	2,214 Square Yards	21.00	46,494	
Concrete Curbing Allow at Paving - Phase I	2008	32-33	25	0	8	100 Linear Feet	38.00	3,800	
Concrete Curbing Allow at Paving - Phase II	2023	47-48	25	0	23	100 Linear Feet	38.00		3,800	
Parking Lots - Total								$104,494	
Site Lighting
Decorative Light Poles - Parking Lot	
2008	
32-33	
25	
0	
8	
6 Each	
2,800.00	
16,800	
Decorative Light Poles - Playgound/Trail	2008	32-33	25	0	8	10 Each	2,800.00	28,000	
Decorative Light Poles - Pool	2008	32-33	25	0	8	8 Each	3,900.00	31,200	
Light Fixtures - Concrete Poles	2023	42-43	20	0	18	8 Each	800.00	  6,400	
Site Lighting - Total								$82,400	
Building Components
Exterior Door/Window Allowance (Partial R..2008	
52-53	
45	
0	
28	
1 Lump Sum	
40,000.00	
40,000	
Folding Partition - Meeting Room	2008	37-38	30	0	13	13 Linear Feet	220.00	2,860	
Refurbish Allowance - Clubhouse Restrooms 2008	34-35	25	2	10	260 Square Feet	128.00	33,280	
Refurbish Allowance - Locker Rooms	2008	34-35	25	2	10	814 Square Feet	128.00	 104,192	
Building Components - Total							$180,332	
Roofing
Metal Roof - Clubhouse	
2008	
37-38	
30	
0	
13	
12,200 Square Feet	
14.20	
173,240	
Metal Roof - Pool Slide Tower	2008	37-38	30	0	13	80 Square Feet	36.00		2,880	
Roofing - Total								$176,120	
Cabinets & Tops
Cabinets & Top - Outdoor Gathering	
2008	
27-28	
20	
0	
3	
15 Linear Feet	
220.00	
3,300	
Cabinets & Tops - Meeting Area	2008	32-33	25	0	8	14 Linear Feet	320.00	4,480	
Cabinets & Tops - Serving Room	2008	32-33	25	0	8	29 Linear Feet	320.00	  9,280	
Cabinets & Tops - Total								$17,060	

Description									
Exterior Painting
Painting - Clubhouse Siding & Trim	
2024	
33-34	
10	
0	
9	
1 Lump Sum	
17,000.00	
17,000	
Painting - Pool Slide Stairs	2023	30-31	8	0	6	1 Lump Sum	3,800.00	  3,800	
Exterior Painting - Total								$20,800	
Flooring
Carpet - Clubhouse (replace with vinyl)	
2008	
24-25	
8	
0	
0	
450 Square Feet	
8.40	
3,780	
Rubber Floor - Fitness Room	2008	32-33	25	0	8	76 Square Yards	58.00	4,408	
Tile Floor - Serving Room	2008	32-33	25	0	8	260 Square Feet	12.75	3,315	
Vinyl Plank Floor - Activity Room/Corridor	2008	32-33	25	0	8	685 Square Feet	8.40	5,754	
Wood Floor - Family Gathering Room	2008	42-43	35	0	18	840 Square Feet	12.00	 10,080	
Flooring - Total								$27,337	
Misc.Components
Access Control System	
2008	
27-28	
15	
5	
3	
1 Lump Sum	
3,500.00	
3,500	
Ceiling Fans - Exterior	2022	36-37	15	0	12	13 Each	480.00	6,240	
Ceiling Fans - Family Gathering Room	2022	41-42	20	0	17	3 Each	480.00	1,440	
Ceiling Fans - Fitness Center	2022	39-40	15	3	15	3 Each	480.00	1,440	
Fitness Equip. Allowance (partial replaceme..2008	24-25	1	0	0	1 Lump Sum	3,000.00	3,000	
Fitness Equip. Replace Allowance	2008	47-48	40	0	23	1 Lump Sum	40,000.00	40,000	
Furniture Allowance - Clubhouse	2008	29-30	20	2	5	1 Lump Sum	12,000.00	12,000	
Office Furniture	2008	29-30	20	2	5	1 Lump Sum	2,000.00	2,000	
Pool/Patio Furniture Allowance (partial repl..2008	24-25	1	0	0	1 Lump Sum	3,000.00	3,000	
Pool/Patio Furniture Replacement Allowance 2008	32-33	25	0	8	1 Lump Sum	42,000.00	42,000	
Security Camera System Allowance	2022	36-37	15	0	12	1 Lump Sum	15,000.00	  15,000	
Misc.Components - Total							$129,620	
HVAC Equipment
Air Handler (refurbished)	2019	
39-40	
20	
0	
15	
1 Lump Sum	
5,000.00	
5,000	
HVAC Unit 1	2023	34-35	12	0	10	7 Tons	1,200.00	8,400	
HVAC Unit 2	2019	31-32	12	0	7	5 Tons	1,600.00	8,000	
HVAC Unit 3 A Condensor	2008	24-25	12	0	0	5 Tons	1,200.00	6,000	
HVAC Unit 3 B Condensor	2008	24-25	12	0	0	3 Tons	1,200.00	  3,600	
HVAC Equipment - Total							$31,000	
Life Safety Systems
Fire Alarm Panel	2008	
29-30	
20	
2	
5	
1 Lump Sum	
6,800.00	
 6,800	
Life Safety Systems - Total							$6,800	
Playground
Playground Equipment Allowance	2013	
27-28	
15	
0	
3	
1 Lump Sum	
25,000.00	
25,000	
Wood Benches/Tables	2013	32-33	20	0	8	4 Each	1,200.00	  4,800	
Playground - Total							$29,800	

Description									
Sport Courts
Drinking Fountain	
2023	
52-53	
30	
0	
28	
1 Each	
4,800.00	
4,800	
Shade Fabric - Sport Courts	2023	36-37	14	0	12	1 Each	2,300.00	2,300	
Shade Structure Replacement - Sport Courts	2023	48-49	26	0	24	1 Each	15,000.00	15,000	
Sport Court Replacement	2023	52-53	30	0	28	2,520 Square Yards	76.50	192,780	
Sport Court Resurfacing (color coat)	2023	30-31	8	0	6	2,520 Square Yards	9.60	  24,192	
Sport Courts - Total								$239,072	
Swimming Pool
Concrete Pavers - Pool Deck/Patio	
2008	
47-48	
40	
0	
23	
14,570 Square Feet	
7.60	
110,732	
Fiberglass Refurbish Allow - Pool Slide	2023	34-35	12	0	10	1 Lump Sum	29,000.00	29,000	
Filtration Equip Allowance (partial replace..	2008	24-25	1	0	0	1 Lump Sum	3,000.00	3,000	
Filtration System Refurishment Allowance	2008	42-43	35	0	18	1 Lump Sum	30,000.00	30,000	
Pool Lift	2021	32-33	12	0	8	1 Each	5,642.00	5,642	
Pool Resurfacing/Tile	2015	26-27	12	0	2	3,460 Square Feet	34.00	117,640	
Pool Splash Equipment Allowance	2008	27-28	20	0	3	1 Lump Sum	20,000.00	20,000	
Refurbish Allowance - Pool Slide Frame	2023	34-35	12	0	10	1 Lump Sum	39,000.00	39,000	
Shade Fabric - Pool	2024	47-48	14	10	23	3 Each	2,300.00	6,900	
Shade Structure Replacement	2008	33-34	26	0	9	3 Each	15,000.00	45,000	
Splash Pad Equipment Allowance	2023	47-48	25	0	23	1 Lump Sum	42,000.00	  42,000	
Swimming Pool - Total								$448,914	
Operating Expense
Backflow Preventer Repair	Unfunded
Electrical Panels/Disconnects	Unfunded
Fire Detection Devices	Unfunded
Flag Pole	Unfunded
Grills	Unfunded
Interior Painting - Clubhouse	Unfunded
Laminated Beam Repair	Unfunded
Message Board	Unfunded
Painting - Entry Features	Unfunded
Painting - Pool Equipment Yard	Unfunded
Pendent Lights - Breezeway	Unfunded
Refrigerator	Unfunded
Splash Pad Coating/Repair	Unfunded
Sport Court Nets/Equipment	Unfunded
Trash Cans/ Misc. Site Furnishings	Unfunded
Water Coolers - Clubhouse	Unfunded
Water Heater - Clubhouse	Unfunded
Operating Expense - Total

Not Included
Backflow Preventer Replacement	Unfunded
Building Foundation/Frame	Unfunded

Description
Not Included continued...
Communication Wiring/Devices in Building	Unfunded
Electrical Wiring/Devices in Building	Unfunded
Light Poles (Concrete) - Parking Lot	Unfunded
Siding/Trim Replacement	Unfunded
Site Utilities	Unfunded
Water/Sewer/Vent Piping In building	Unfunded
Not Included - Total

Components Removed
Wood Pergolas - Entry Signs	Unfunded
Components Removed - Total

Total Asset Summary	$1,667,265

Asset ID Description	Replacement	Page

Misc. Site Components
1005	Monument Sign (Large) Refurbishment	25-26	5-9	
1006	Monument Sign (Small) Refurbishment	25-26	5-9	

Fence & Gates	
1047	Aluminum Fencing - Pool	47-48	5-11	
1049	Aluminum Gates/Fence- Entry	42-43	5-11	
	Chain Link Fence VC - Sport Courts	52-53	5-12	
1051	Chain Link Fence/Gates - Dumpster	32-33	5-12	
1048	Viny Ranch Fence - Tynes Blvd.	47-48	5-13	
1050	Vinyl Fencing - Pine Ridge Pkwy	32-33	5-13	

Parking Lots	
1001	Asphalt Resurfacing - Phase I	32-33	5-14	
1001	Asphalt Resurfacing - Phase II	47-48	5-14	
1002	Concrete Curbing Allow at Paving - Phase I	32-33	5-15	
1002	Concrete Curbing Allow at Paving - Phase II	47-48	5-15	

Site Lighting	
1070	Decorative Light Poles - Parking Lot	32-33	5-16	
1062	Decorative Light Poles - Playgound/Trail	32-33	5-16	
1069	Decorative Light Poles - Pool	32-33	5-17	
1071	Light Fixtures - Concrete Poles	42-43	5-17	

Building Components	
	Exterior Door/Window Allowance (Partial Replace)	52-53	5-18	
1013	Folding Partition - Meeting Room	37-38	5-18	
	Refurbish Allowance - Clubhouse Restrooms	34-35	5-19	
	Refurbish Allowance - Locker Rooms	34-35	5-19	
Roofing				
1073	Metal Roof - Clubhouse	37-38	5-21	
1072	Metal Roof - Pool Slide Tower	37-38	5-21	

Cabinets & Tops	
1089	Cabinets & Top - Outdoor Gathering	27-28	5-23	
1085	Cabinets & Tops - Meeting Area	32-33	5-23	
1086	Cabinets & Tops - Serving Room	32-33	5-24	

Asset ID Description	Replacement	Page

Exterior Painting	
1075	Painting - Clubhouse Siding & Trim	33-34	5-25	
1077	Painting - Pool Slide Stairs	30-31	5-25	

Flooring	
1040	Carpet - Clubhouse (replace with vinyl)	24-25	5-26	
1041	Rubber Floor - Fitness Room	32-33	5-26	
1045	Tile Floor - Serving Room	32-33	5-27	
1043	Vinyl Plank Floor - Activity Room/Corridor	32-33	5-27	
1044	Wood Floor - Family Gathering Room	42-43	5-27	

Misc.Components	
1065	Access Control System	27-28	5-29	
1064	Ceiling Fans - Exterior	36-37	5-29	
1067	Ceiling Fans - Family Gathering Room	41-42	5-29	
1063	Ceiling Fans - Fitness Center	39-40	5-30	
1029	Fitness Equip. Allowance (partial replacement)	24-25	5-30	
1029	Fitness Equip. Replace Allowance	47-48	5-31	
	Furniture Allowance - Clubhouse	29-30	5-32	
1028	Office Furniture	29-30	5-32	
1030	Pool/Patio Furniture Allowance (partial replacement)	24-25	5-33	
1030	Pool/Patio Furniture Replacement Allowance	32-33	5-33	
1066	Security Camera System Allowance	36-37	5-34	

HVAC Equipment	
1059	Air Handler (refurbished)	39-40	5-35	
1061	HVAC Unit 1	34-35	5-35	
1060	HVAC Unit 2	31-32	5-36	
1060	HVAC Unit 3 A Condensor	24-25	5-36	
1060	HVAC Unit 3 B Condensor	24-25	5-36	

Life Safety Systems	
1068	Fire Alarm Panel	29-30	5-37	

Playground	
1036	Playground Equipment Allowance	27-28	5-38	
1035	Wood Benches/Tables	32-33	5-38	

Asset ID Description	Replacement	Page	
Sport Courts			
Drinking Fountain	52-53	5-39	
1022	Shade Fabric - Sport Courts	36-37	5-39	
	Shade Structure Replacement - Sport Courts	48-49	5-40	
	Sport Court Replacement	52-53	5-40	
	Sport Court Resurfacing (color coat)	30-31	5-41	

Swimming Pool	
	Concrete Pavers - Pool Deck/Patio	47-48	5-42	
1020	Fiberglass Refurbish Allow - Pool Slide	34-35	5-42	
1025	Filtration Equip Allowance (partial replacement)	24-25	5-43	
1025	Filtration System Refurishment Allowance	42-43	5-43	
1021	Pool Lift	32-33	5-44	
1018	Pool Resurfacing/Tile	26-27	5-44	
1017	Pool Splash Equipment Allowance	27-28	5-45	
1024	Refurbish Allowance - Pool Slide Frame	34-35	5-45	
1022	Shade Fabric - Pool	47-48	5-46	
1023	Shade Structure Replacement	33-34	5-46	
	Splash Pad Equipment Allowance	47-48	5-47	

Operating Expense	
	Backflow Preventer Repair	24-25	5-48	
	Electrical Panels/Disconnects	24-25	5-48	
1071	Fire Detection Devices	24-25	5-49	
	Flag Pole	24-25	5-49	
	Grills	24-25	5-49	
1074	Interior Painting - Clubhouse	24-25	5-50	
	Laminated Beam Repair	24-25	5-50	
	Message Board	24-25	5-51	
1081	Painting - Entry Features	24-25	5-51	
1078	Painting - Pool Equipment Yard	24-25	5-51	
	Pendent Lights - Breezeway	24-25	5-52	
1034	Refrigerator	24-25	5-52	
	Splash Pad Coating/Repair	24-25	5-53	
	Sport Court Nets/Equipment	24-25	5-53	
	Trash Cans/ Misc. Site Furnishings	24-25	5-54	
1053	Water Coolers - Clubhouse	24-25	5-54	
1057	Water Heater - Clubhouse	24-25	5-55	

Asset ID Description	Replacement	Page	
Not Included			
Backflow Preventer Replacement	24-25	5-56	
1071	Building Foundation/Frame	24-25	5-56	
1071	Communication Wiring/Devices in Building	24-25	5-56	
1071	Electrical Wiring/Devices in Building	24-25	5-57	
1071	Light Poles (Concrete) - Parking Lot	24-25	5-57	
1071	Siding/Trim Replacement	24-25	5-57	
1071	Site Utilities	24-25	5-58	
1071	Water/Sewer/Vent Piping In building	24-25	5-58	

Components Removed	
1004	Wood Pergolas - Entry Signs	24-25	5-59	

Total Funded Assets	
67	
Total Unfunded Assets	26	
Total Assets	93	

Monument Sign (Large) Refurbishment - 2025

Asset ID	1005
Category Misc. Site Components Placed in Service	June 2008
Useful Life	15
Adjustment	3
Replacement Year	25-26
Remaining Life	1

1 Lump Sum	@ $4,000.00 Asset Actual Cost		$4,000.00
Percent Replacement	100%
Future Cost	$4,140.00

Monument Sign (Small) Refurbishment - 2025

Asset ID	1006
Category Misc. Site Components Placed in Service	June 2008
Useful Life	15
Adjustment	3
Replacement Year	25-26
Remaining Life	1

1 Lump Sum	@ $2,000.00 Asset Actual Cost		$2,000.00
Percent Replacement	100%
Future Cost	$2,070.00

Monument Sign (Small) Refurbishment continued...

Aluminum Fencing - Pool - 2047

804 Linear Feet

@ $93.00

Asset ID	1047
Category	Fence & Gates
Placed in Service	March 2023
Useful Life	25
Replacement Year	47-48
Remaining Life	23

Asset Actual Cost	$74,772.00
Percent Replacement		100% Future Cost	$164,955.59

Aluminum Gates/Fence- Entry - 2042

	1 Lump Sum	@ $4,200.00	
Asset ID	1049	Asset Actual Cost	$4,200.00	
		Percent Replacement	100%	
Category	Fence & Gates	Future Cost	$7,801.45	
Placed in Service	June 2023			
Useful Life	20			
Replacement Year	42-43			
Remaining Life	18			

Chain Link Fence VC - Sport Courts - 2052

	738 Linear Feet	@ $96.00	
Asset ID		Asset Actual Cost	$70,848.00	
		Percent Replacement	100%	
Category	Fence & Gates	Future Cost	$185,633.94	
Placed in Service	June 2023			
Useful Life	30			
Replacement Year	52-53			
Remaining Life	28			

Chain Link Fence/Gates - Dumpster - 2032

		48 Linear Feet	@ $48.00	
Asset ID	1051	Asset Actual Cost	$2,304.00	
		Percent Replacement	100%	
Category	Fence & Gates	Future Cost	$3,033.93	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Viny Ranch Fence - Tynes Blvd. - 2047

		304 Linear Feet	@ $42.00	
Asset ID	1048	Asset Actual Cost	$12,768.00	
		Percent Replacement	100%	
Category	Fence & Gates	Future Cost	$28,167.67	
Placed in Service	March 2023			
Useful Life	25			
Replacement Year	47-48			
Remaining Life	23			

Vinyl Fencing - Pine Ridge Pkwy - 2032

	82 Linear Feet	@ $32.00	
Asset ID	1050	Asset Actual Cost	$2,624.00	
		Percent Replacement	100%	
Category	Fence & Gates	Future Cost	$3,455.31	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Asphalt Resurfacing - Phase I - 2032

		2,400 Square Yards	@ $21.00	
Asset ID	1001	Asset Actual Cost	$50,400.00	
		Percent Replacement	100%	
Category	Parking Lots	Future Cost	$66,367.18	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Asphalt Resurfacing - Phase II - 2047

	2,214 Square Yards	@ $21.00	
Asset ID	1001	Asset Actual Cost	$46,494.00	
		Percent Replacement	100%	
Category	Parking Lots	Future Cost	$102,571.09	
Placed in Service	June 2023			
Useful Life	25			
Replacement Year	47-48			
Remaining Life	23			

Concrete Curbing Allow at Paving - Phase I - 2032

		100 Linear Feet	@ $38.00	
Asset ID	1002	Asset Actual Cost	$3,800.00	
		Percent Replacement	100%	
Category	Parking Lots	Future Cost	$5,003.87	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Concrete Curbing Allow at Paving - Phase II - 2047

	100 Linear Feet	@ $38.00	
Asset ID	1002	Asset Actual Cost	$3,800.00	
		Percent Replacement	100%	
Category	Parking Lots	Future Cost	$8,383.23	
Placed in Service	June 2023			
Useful Life	25			
Replacement Year	47-48			
Remaining Life	23			

Decorative Light Poles - Parking Lot - 2032

		6 Each	@ $2,800.00	
Asset ID	1070	Asset Actual Cost	$16,800.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$22,122.39	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Decorative Light Poles - Playgound/Trail - 2032

	10 Each	@ $2,800.00	
Asset ID	1062	Asset Actual Cost	$28,000.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$36,870.65	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Decorative Light Poles - Pool - 2032

8 Each

@ $3,900.00

Light Fixtures - Concrete Poles - 2042

8 Each

@ $800.00

Asset ID	1069	Asset Actual Cost	$31,200.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$41,084.44	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Asset ID	1071	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$11,887.93	
Placed in Service	June 2023			
Useful Life	20			
Replacement Year	42-43			
Remaining Life	18			

Exterior Door/Window Allowance (Partial Replace) - 2052

	1 Lump Sum	@ $40,000.00	
Asset ID		Asset Actual Cost	$40,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$104,806.88	
Placed in Service	June 2008			
Useful Life	45			
Replacement Year	52-53			
Remaining Life	28			

Folding Partition - Meeting Room - 2037

Asset ID	1013
Category Building Components Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	13

13 Linear Feet	@ $220.00
Asset Actual Cost	$2,860.00
Percent Replacement	100%
Future Cost	$4,472.91

Refurbish Allowance - Clubhouse Restrooms - 2034

		260 Square Feet	@ $128.00	
Asset ID		Asset Actual Cost	$33,280.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$46,944.73	
Placed in Service	June 2008			
Useful Life	25			
Adjustment	2			
Replacement Year	34-35			
Remaining Life	10			

Refurbish Allowance - Locker Rooms - 2034

	814 Square Feet	@ $128.00	
Asset ID		Asset Actual Cost	$104,192.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$146,973.11	
Placed in Service	June 2008			
Useful Life	25			
Adjustment	2			
Replacement Year	34-35			
Remaining Life	10			

Refurbish Allowance - Locker Rooms continued...

Metal Roof - Clubhouse - 2037

12,200 Square Feet

@ $14.20

Asset ID	1073
Category	Roofing
Placed in Service	June 2008
Useful Life	30
Replacement Year	37-38
Remaining Life	13

Asset Actual Cost	$173,240.00
Percent Replacement		100% Future Cost	$270,939.75

Metal is discolored from previous cleaning. Recommend inspection, cleaning and repair as needed.

Metal Roof - Pool Slide Tower - 2037

	80 Square Feet	@ $36.00	
Asset ID	1072	Asset Actual Cost	$2,880.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$4,504.19	
Placed in Service	June 2008			
Useful Life	30			
Replacement Year	37-38			
Remaining Life	13			

Metal Roof - Pool Slide Tower continued...

Cabinets & Top - Outdoor Gathering - 2027

Asset ID	1089
Category	Cabinets & Tops
Placed in Service	June 2008
Useful Life	20
Replacement Year	27-28
Remaining Life	3

Asset ID	1085

Category	Cabinets & Tops
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	8

15 Linear Feet	@ $220.00
Asset Actual Cost	$3,300.00
Percent Replacement	100%
Future Cost	$3,658.77

Cabinets & Tops - Meeting Area - 2032

14 Linear Feet	@ $320.00
Asset Actual Cost	$4,480.00
Percent Replacement	100%
Future Cost	$5,899.30

Cabinets & Tops - Serving Room - 2032

Asset ID	1086
Category	Cabinets & Tops
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	8

29 Linear Feet	@ $320.00
Asset Actual Cost	$9,280.00
Percent Replacement	100%
Future Cost	$12,219.99

Painting - Clubhouse Siding & Trim - 2033

	1 Lump Sum	@ $17,000.00	
Asset ID	1075	Asset Actual Cost	$17,000.00	
		Percent Replacement	100%	
Category	Exterior Painting	Future Cost	$23,169.25	
Placed in Service	March 2024			
Useful Life	10			
Replacement Year	33-34			
Remaining Life	9			

Painting - Pool Slide Stairs - 2030

1 Lump Sum

@ $3,800.00

Asset ID	1077
Category	Exterior Painting
Placed in Service	March 2023
Useful Life	8
Replacement Year	30-31
Remaining Life	6

Asset Actual Cost	$3,800.00
Percent Replacement	100%
Future Cost	$4,671.17

Carpet - Clubhouse (replace with vinyl) - 2024

		450 Square Feet	@ $8.40	
Asset ID	1040	Asset Actual Cost	$3,780.00	
		Percent Replacement	100%	
Category	Flooring	Future Cost	$3,780.00	
Placed in Service	June 2008			
Useful Life	8			
Replacement Year	24-25			
Remaining Life	0			

Rubber Floor - Fitness Room - 2032

	76 Square Yards	@ $58.00	
Asset ID	1041	Asset Actual Cost	$4,408.00	
		Percent Replacement	100%	
Category	Flooring	Future Cost	$5,804.49	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Tile Floor - Serving Room - 2032

260 Square Feet

@ $12.75

Asset ID	1045
Category	Flooring
Placed in Service	June 2008
Useful Life	25
Replacement Year	32-33
Remaining Life	8

Asset Actual Cost	$3,315.00
Percent Replacement	100%
Future Cost	$4,365.22

Vinyl Plank Floor - Activity Room/Corridor - 2032

		685 Square Feet	@ $8.40	
Asset ID	1043	Asset Actual Cost	$5,754.00	
		Percent Replacement	100%	
Category	Flooring	Future Cost	$7,576.92	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Wood Floor - Family Gathering Room - 2042

	840 Square Feet	@ $12.00	
Asset ID	1044	Asset Actual Cost	$10,080.00	
		Percent Replacement	100%	
Category	Flooring	Future Cost	$18,723.49	
Placed in Service	June 2008			
Useful Life	35			
Replacement Year	42-43			
Remaining Life	18			

Wood Floor - Family Gathering Room continued...

Access Control System - 2027

1 Lump Sum

@ $3,500.00

Asset ID	1065
Category	Misc.Components Placed in Service		June 2008
Useful Life	15
Adjustment	5
Replacement Year	27-28
Remaining Life	3

Asset Actual Cost	$3,500.00
Percent Replacement	100%
Future Cost	$3,880.51

Ceiling Fans - Exterior - 2036

13 Each

@ $480.00

Asset ID	1064
Category	Misc.Components Placed in Service		June 2022
Useful Life	15
Replacement Year	36-37
Remaining Life	12

Asset Actual Cost	$6,240.00
Percent Replacement	100%
Future Cost	$9,429.07

Ceiling Fans - Family Gathering Room - 2041

	3 Each	@ $480.00	
Asset ID	1067	Asset Actual Cost	$1,440.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$2,584.33	
Placed in Service	June 2022			
Useful Life	20			
Replacement Year	41-42			
Remaining Life	17			

Ceiling Fans - Fitness Center - 2039

3 Each

@ $480.00

Ceiling Fans - Family Gathering Room continued...

Asset ID	1063	Asset Actual Cost	$1,440.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$2,412.50	
Placed in Service	June 2022			
Useful Life	15			
Adjustment	3			
Replacement Year	39-40			
Remaining Life	15			

Fitness Equip. Allowance (partial replacement) - 2024

		1 Lump Sum	@ $3,000.00	
Asset ID	1029	Asset Actual Cost	$3,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$3,000.00	
Placed in Service	June 2008			
Useful Life	1			
Replacement Year	24-25			
Remaining Life	0			

Fitness Equip. Allowance (partial replacement) continued...

Fitness Equip. Replace Allowance - 2047

		1 Lump Sum	@ $40,000.00	
Asset ID	1029	Asset Actual Cost	$40,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$88,244.58	
Placed in Service	June 2008			
Useful Life	40			
Replacement Year	47-48			
Remaining Life	23			

Furniture Allowance - Clubhouse - 2029

		1 Lump Sum	@ $12,000.00	
Asset ID		Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$14,252.24	
Placed in Service	June 2008			
Useful Life	20			
Adjustment	2			
Replacement Year	29-30			
Remaining Life	5			

Office Furniture - 2029

1 Lump Sum

@ $2,000.00

Asset ID	1028	Asset Actual Cost	$2,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$2,375.37	
Placed in Service	June 2008			
Useful Life	20			
Adjustment	2			
Replacement Year	29-30			
Remaining Life	5			

Pool/Patio Furniture Allowance (partial replacement) - 2024

	1 Lump Sum	@ $3,000.00	
Asset ID	1030	Asset Actual Cost	$3,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$3,000.00	
Placed in Service	June 2008			
Useful Life	1			
Replacement Year	24-25			
Remaining Life	0			

Pool/Patio Furniture Replacement Allowance - 2032

	1 Lump Sum	@ $42,000.00	
Asset ID	1030	Asset Actual Cost	$42,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$55,305.98	
Placed in Service	June 2008			
Useful Life	25			
Replacement Year	32-33			
Remaining Life	8			

Security Camera System Allowance - 2036

		1 Lump Sum	@ $15,000.00	
Asset ID	1066	Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
Category	Misc.Components	Future Cost	$22,666.03	
Placed in Service	August 2022			
Useful Life	15			
Replacement Year	36-37			
Remaining Life	12			

Air Handler (refurbished) - 2039

1 Lump Sum

@ $5,000.00

Asset ID	1059
Category	HVAC Equipment Placed in Service		November 2019 Useful Life			20
Replacement Year	39-40
Remaining Life	15

Asset Actual Cost	$5,000.00
Percent Replacement	100%
Future Cost	$8,376.74

HVAC Unit 1 - 2034

7 Tons

@ $1,200.00

Asset ID	1061	Asset Actual Cost	$8,400.00	
		Percent Replacement	100%	
Category	HVAC Equipment	Future Cost	$11,849.03	
Placed in Service	July 2023			
Useful Life	12			
Replacement Year	34-35			
Remaining Life	10			

HVAC Unit 2 - 2031

5 Tons

@ $1,600.00

HVAC Unit 3 A Condensor - 2024

5 Tons

@ $1,200.00

Asset ID	1060
Category	HVAC Equipment Placed in Service		December 2008 Useful Life			12
Replacement Year	24-25
Remaining Life	0

Asset Actual Cost	$6,000.00
Percent Replacement	100%
Future Cost	$6,000.00

HVAC Unit 3 B Condensor - 2024

3 Tons

@ $1,200.00

Asset ID	1060	Asset Actual Cost	$8,000.00	
		Percent Replacement	100%	
Category	HVAC Equipment	Future Cost	$10,178.23	
Placed in Service	November 2019			
Useful Life	12			
Replacement Year	31-32			
Remaining Life	7			

Asset ID	1060
Category	HVAC Equipment Placed in Service		December 2008 Useful Life			12
Replacement Year	24-25
Remaining Life	0

Asset Actual Cost	$3,600.00
Percent Replacement	100%
Future Cost	$3,600.00

Fire Alarm Panel - 2029

1 Lump Sum

@ $6,800.00

Asset ID	1068	Asset Actual Cost	$6,800.00	
		Percent Replacement	100%	
Category	Life Safety Systems	Future Cost	$8,076.27	
Placed in Service	June 2008			
Useful Life	20			
Adjustment	2			
Replacement Year	29-30			
Remaining Life	5			

Playground Equipment Allowance - 2027

		1 Lump Sum	@ $25,000.00	
Asset ID	1036	Asset Actual Cost	$25,000.00	
		Percent Replacement	100%	
Category	Playground	Future Cost	$27,717.95	
Placed in Service	June 2013			
Useful Life	15			
Replacement Year	27-28			
Remaining Life	3			

Wood Benches/Tables - 2032

4 Each

@ $1,200.00

Asset ID	1035	Asset Actual Cost	$4,800.00	
		Percent Replacement	100%	
Category	Playground	Future Cost	$6,320.68	
Placed in Service	June 2013			
Useful Life	20			
Replacement Year	32-33			
Remaining Life	8			

Drinking Fountain - 2052

1 Each

@ $4,800.00

Shade Fabric - Sport Courts - 2036

1 Each

@ $2,300.00

Asset ID	1022
Category	Sport Courts
Placed in Service	March 2023
Useful Life	14
Replacement Year	36-37
Remaining Life	12

Asset Actual Cost	$2,300.00
Percent Replacement	100%
Future Cost	$3,475.46

Asset ID		Asset Actual Cost	$4,800.00	
		Percent Replacement	100%	
Category	Sport Courts	Future Cost	$12,576.82	
Placed in Service	March 2023			
Useful Life	30			
Replacement Year	52-53			
Remaining Life	28			

Shade fabric scheduled for replacement in FY 2036 as a one time replacement. The next cycle

Shade Fabric - Sport Courts continued...

of fabric replacement projected to occur in FY 2048 at time of frame and fabric replacement.

Shade Structure Replacement - Sport Courts - 2048

	1 Each	@ $15,000.00	
Asset ID		Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
Category	Sport Courts	Future Cost	$34,249.93	
Placed in Service	March 2023			
Useful Life	26			
Replacement Year	48-49			
Remaining Life	24			

Shade structure and fabric projected replacement in FY 2048 as a one time replacement.

Sport Court Replacement - 2052

2,520 Square Yards

@ $76.50

Asset ID

Category	Sport Courts
Placed in Service	June 2023
Useful Life	30
Replacement Year	52-53
Remaining Life	28

Asset Actual Cost	$192,780.00
Percent Replacement		100% Future Cost	$505,116.75

Sport Court Replacement continued...

Sport Court Resurfacing (color coat) - 2030

		2,520 Square Yards	@ $9.60	
Asset ID		Asset Actual Cost	$24,192.00	
		Percent Replacement	100%	
Category	Sport Courts	Future Cost	$29,738.14	
Placed in Service	June 2023			
Useful Life	8			
Replacement Year	30-31			
Remaining Life	6			

Concrete Pavers - Pool Deck/Patio - 2047

	14,570 Square Feet	@ $7.60	
Asset ID		Asset Actual Cost	$110,732.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$244,287.47	
Placed in Service	June 2008			
Useful Life	40			
Replacement Year	47-48			
Remaining Life	23			

Fiberglass Refurbish Allow - Pool Slide - 2034

		1 Lump Sum	@ $29,000.00	
Asset ID	1020	Asset Actual Cost	$29,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$40,907.36	
Placed in Service	June 2023			
Useful Life	12			
Replacement Year	34-35			
Remaining Life	10			

Filtration Equip Allowance (partial replacement) - 2024

	1 Lump Sum	@ $3,000.00	
Asset ID	1025	Asset Actual Cost	$3,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$3,000.00	
Placed in Service	June 2008			
Useful Life	1			
Replacement Year	24-25			
Remaining Life	0			

Filtration System Refurishment Allowance - 2042

	1 Lump Sum	@ $30,000.00	
Asset ID	1025	Asset Actual Cost	$30,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$55,724.67	
Placed in Service	June 2008			
Useful Life	35			
Replacement Year	42-43			
Remaining Life	18			

Pool Lift - 2032		1 Each	@ $5,642.00	
Asset ID	1021	Asset Actual Cost	$5,642.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$7,429.44	
Placed in Service	June 2021			
Useful Life	12			
Replacement Year	32-33			
Remaining Life	8			

Pool Resurfacing/Tile - 2026

3,460 Square Feet

@ $34.00

Asset ID	1018
Category	Swimming Pool
Placed in Service	June 2015
Useful Life	12
Replacement Year	26-27
Remaining Life	2

Asset Actual Cost	$117,640.00
Percent Replacement		100% Future Cost	$126,018.91

Pool Splash Equipment Allowance - 2027

		1 Lump Sum	@ $20,000.00	
Asset ID	1017	Asset Actual Cost	$20,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$22,174.36	
Placed in Service	June 2008			
Useful Life	20			
Replacement Year	27-28			
Remaining Life	3			

Refurbish Allowance - Pool Slide Frame - 2034

	1 Lump Sum	@ $39,000.00	
Asset ID	1024	Asset Actual Cost	$39,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$55,013.35	
Placed in Service	June 2023			
Useful Life	12			
Replacement Year	34-35			
Remaining Life	10			

Shade Fabric - Pool - 2047

3 Each

@ $2,300.00

Asset ID	1022
Category	Swimming Pool
Placed in Service	April 2024
Useful Life	14
Adjustment	10
Replacement Year	47-48
Remaining Life	23

Asset Actual Cost	$6,900.00
Percent Replacement	100%
Future Cost	$15,222.19

Shade Structure Replacement - 2033

3 Each	@ $15,000.00

Shade fabric scheduled for replacement in FY 2024 with projected life of 14 years which occurs at time of frame and fabric replacement (seperate component). After full replacement the next replacement cycle of fabric is projected to be FY 2047.

Asset ID	1023	Asset Actual Cost	$45,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$61,330.38	
Placed in Service	June 2008			
Useful Life	26			
Replacement Year	33-34			
Remaining Life	9			

Shade Structure Replacement continued...

Structure and fabric replacement projected in FY 2033 as a one time replacement.

Splash Pad Equipment Allowance - 2047

		1 Lump Sum	@ $42,000.00	
Asset ID		Asset Actual Cost	$42,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$92,656.81	
Placed in Service	June 2023			
Useful Life	25			
Replacement Year	47-48			
Remaining Life	23			

Backflow Preventer Repair

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Electrical Panels/Disconnects

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Fire Detection Devices

Asset ID	1071
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Flag Pole

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Grills

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Grills continued...

Interior Painting - Clubhouse

Asset ID	1074
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Laminated Beam Repair

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Message Board

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Painting - Entry Features

Asset ID	1081
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Painting - Pool Equipment Yard

Asset ID	1078
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost	$0.85
Percent Replacement	100%
Future Cost	$0.85

Painting - Pool Equipment Yard continued...

Pendent Lights - Breezeway

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Refrigerator

Asset ID	1034
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Refrigerator continued...

Splash Pad Coating/Repair

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Sport Court Nets/Equipment

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Sport Court Nets/Equipment continued...

Trash Cans/ Misc. Site Furnishings

Asset ID

Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Coolers - Clubhouse

Asset ID	1053
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Heater - Clubhouse

Asset ID	1057
Category	Operating Expense Placed in Service		June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Backflow Preventer Replacement

Asset ID

Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Building Foundation/Frame

Asset ID	1071
Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Communication Wiring/Devices in Building

Asset ID	1071

Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Electrical Wiring/Devices in Building

Asset ID	1071
Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Light Poles (Concrete) - Parking Lot

Asset ID	1071

Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Siding/Trim Replacement

Asset ID	1071
Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Site Utilities

Asset ID	1071
Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water/Sewer/Vent Piping In building

Asset ID	1071

Category	Not Included
Placed in Service	June 2008 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Wood Pergolas - Entry Signs

Asset ID	1004
Category Components Removed Placed in Service	June 2008
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Report Navigation
Executive Summary provides information about projected year end reserve balance, current annual contribution, interest, and inflation rates:
Level of Service is the type of reserve study
Funding Method is either Component Funding or Pooled Cash
Component Funding Contribution is a year one only amount
Current Funding Plan currently used by the Association
Recommended Funding Plan maintains adequate funding
Funding Model Projections include both your current plan and our recommended plan. The information included in each column is described below:
Year begins with your study year generally for a 30-year term
Current cost is the current replacement of all components
Annual contribution is the amount placed in reserves each year
Annual interest earned on your funds
Annual expenditures are the projected component replacement cost by year
Projected ending balance is the year end reserve fund balance
Fully funded reserves are the fully funded balance for that year. Fully Funded formula is Fully Funded Balance= Component cost x Age/Useful Life
Percent Funded is a measure of fund strength
Current Funding Projection is your current funding plan and how it performs
Recommended Funding Model Projection is the plan we recommend
Cash Flow is a 30-year statement that provides both income and expense information to quickly find when expenditures occur and the resulting financial status of your reserves
Annual Expenditure Detail provides a year to year list of your projected expenditures This is a good section to review each year when preparing your budgets
Condition Assessment (if included) is a brief description of major component condition
Component Inventory contains a list of your components, remaining useful life and quantities we determined from our site visit and other means of measurement
Component Detail Index allows quick access to the detail we have included for each component separated into categories
Component Detail provides a listing of each component, quantities or allowances and photographs of major ones
Methodology - Terms of Service – Company Profile are our Disclosure sections with information about our assumptions, methods of work and our credentials

METHODOLOGY
Reserve Analysis is a process that identifies capital expenses the District can expect and creates a plan to fund them. This is accomplished by a site visit to visually evaluate components to measure quantities and determine their remaining life. Component Selection Process is based on the Community Associations Institute (CAI) standards for reserve studies and selection of components.
Component must be a commonly owned, have a limited and predictable life, replacement cost must be above a minimum threshold cost. Useful life and replacement cost are obtained from site inspection by experienced inspectors and our database of information, historical information, local Vendors and comparison of similar component cost found at other properties.
The funding plan we develop includes; adequate cash balances, even contributions so all owners pay their fair share over time and moderate contributions with acceptable increases. Percent Funded is defined by industry standards as 70-100% strong, 30-70% fair or adequate and below 30% weak or inadequate. Baseline Funding maintains funds above zero resulting is a high risk of special assessments or deferred maintenance and should be avoided. Threshold Funding maintains reserves above a “Threshold” level providing adequate funding with moderate risk; using this method requires regular analysis updates.
CREDENTIALS
Community Advisors, LLC provides capital reserve planning, property inspection, and construction oversight for a broad base of clients including High-rise Condominiums, Homeowner Associations, Churches, Private Schools, Time Shares, Active Adult, Municipal Utility Plants, Marinas, Historic Buildings & Museums and commercial investment properties.
Personal Service attention to detail, quick response and valued client relationships.
Range of Experience includes a broad selection of building types, ages and uses from protected historic structures to new communities ready for developer turnover. As commercial general contractors we have experience building many of the types of structure we now provide reserve analysis for, so we understand potential problem areas. As commercial inspectors we have experienced a variety of structural and cosmetic conditions offering solutions for repair. Areas of expertise include MEP systems, energy management, life safety systems, building envelope and roof components, marine structures, street and other site improvements.
Detailed Site Evaluation is Conducted to make sure we know your property and include all your assets in our analysis. With our years of experience with community development and commercial construction projects we understand both horizontal and vertical construction and utilize realistic replacement cost and useful life projections in our analysis.Financial Plan Meets CAI & APRA Standards with information obtained during the site visit we build a custom-made financial plan to ensure adequate funding for future component replacement which equates to maintaining community value.
Reserve Analyst Credentials: Mr. Charles Sheppard is the owner of Community Advisors responsible for field inspection oversight and day to day operations. Mr. Sheppard hold a BS degree from VA Tech and has conducted building evaluations for over 30 years. He is a licensed Florida General Contractor, Home Inspector and earned the professional designations of Certified Construction Inspector (CCI), Professional Reserve Analyst (PRA) and Reserve Specialist (RS).

TERMS OF SERVICE

We have completed an analysis of your capital components that serves as a budgeting tool. This reserve study reflects the information provided by this client and is not for the purposes of performing an audit or estimating construction projects. Our site visit includes visual observation of components that are accessible and safe for our inspectors to evaluate. Roof evaluation is limited to ground observation for sloped roofs and roof top inspection for flat roofs if safe and stable access is available that meets our safety standards.
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 other regulations is not included in our scope of work. Our site visit is not a safety inspection and we are not responsible for any hazards that exist. Destructive testing is not conducted. 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.
Projections of component remaining useful life assumes this client will perform necessary preventative maintenance and repair per industry standards. This reserve analysis study and the parameters under which it has been completed are based upon information provided to us in part by the Client and its contractors, assorted vendors, specialist and independent contractors. Reserve fund balances and contribution amounts for use in our analysis is furnished by the client and deemed accurate. Useful life projections are determined by historical records, component condition and our opinion based on evaluating similar components on other projects. These life projections are changed by weather conditions, use, maintenance procedures and other factors out of our control therefore regular updates to this analysis are needed to maintain funding accuracy. Replacement cost is determined by our experience with similar projects, local vendor pricing and client historical records and should not be considered suitable for budgeting repair or replacement projects. Local contractor proposals must be obtained for this work. No liability is assumed as the result of changing market prices or inaccurate estimates or projections of remaining useful life of components.
Component replacement cost and interest rates constantly change. In order to maintain accuracy of your funding plan updates to this analysis should be conducted annually with a site visit every 2-3 years unless conditions warrant annual visits. Community Advisors, LLC shall not be required to participate in any legal action taken by or against our clients for any reason and shall also not be required to give testimony in depositions or in court. In all cases the liability of 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. Client financial information is considered confidential and is not disclosed to third parties without your approval. We do use your name for our list of valued clients and when submitting proposals for new projects that request references or recent projects.
That request may include size of property, number of units or major components. We also use photos from time to time of components as an example for educational and marketing efforts. Community Advisors and the analyst who prepared this study do not have any relationship that can be considered a conflict of interest. From time to time our Clients ask that we manage repair or replacement of components due to our experience in construction management. We do so with the understanding that full disclosure for both parties is completed.

DEFINITIONS

Adjustment to Useful Life: Typical useful life projections are used for each component. The adjustment is used to modify that life projection for earlier or later replacement. It only applies to the current replacement cycle.

Cash Flow Method: A method of determining reserve contributions that are “pooled” to fund replacement cost as needed without restricting funds to any one component.

Component Method: A funding method that fully funds each reserve component then sums those for the annual contribution.

Current Funding Plan: The funding plan currently used at the time of this analysis with updated component inventory and financial assumptions. This allows you to see how the current contribution level funds future component replacement.

Effective Age: Difference of useful and remaining useful life.

Fully Funded Balance: Represents the cost of used component life represented by the formula.
FFB = (Current Cost x Effective Age)/ Useful Life

Interest Contribution: The interest that should be earned on invested reserves.

Percent Funded: Ratio of reserve balance to fully funded balance.

Remaining Life: Number of years a component is projected to continue to function.

Threshold Funding: This plan maintains fund balance above a predetermined threshold dollar or percent funded amount.
Useful Life: The estimated useful life of an asset based upon industry standards, manufacturer specification, visual inspection, location, usage, association standards and prior history.