Reserve Study Update

Ridgewood Trails Community Development District Clay County, Florida
Prepared for FY 2021 Report Date: January 15, 2021

January 15, 2021

Mr. Ernesto Torres, District Manager Governmental Management Services 475 West Town Place, Suite 114
St. Augustine Florida 32092

Re: Reserve Study Report for Ridgewood Trails Community Development District Dear Mr. Torres:
Community Advisors is pleased to provide this Reserve Study report for the above referenced District. A site visit was conducted to determine the condition of your major components and provide an opinion of their remaining useful life.

We have developed a plan to fund future capital component replacements which is dependent on adequate funding, component maintenance, usage, weather and other factors. Component replacement cost is determined using local vendors and industry standard publications. This Reserve Study was prepared under the guidelines of the National Reserve Study Standards which is administrated by CAI and the Standards of Practice establish by APRA. Once you have reviewed this report and considered recent expenditures and any historic cost data, we will make necessary adjustments

Respectively submitted,

Charles R. Sheppard RS PRA CCI
Professional Reserve Analyst
10459 Hunters Creek Court Jacksonville, FL 32256
(904) 303-3275
www.communityadvisors.comm

TABLE OF CONTENTS

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

Threshold Funding Model Summary of Calculations

Clay County, Florida
Executive Summary

Report Date

January 15, 2021

Budget Year Beginning Budget Year Ending

October 1, 2021
September 30, 2022

Report Parameters

Inflation
Annual Assessment Increase Interest Rate on Reserve Deposit

2.50%
1.50%
1.00%

2021 Beginning Balance

$164,500

GENERAL INFORMATION
Date of Completion:	January 1, 2017
Date of site visit:	December 16, 2020
Components Included:	40
Current replacement cost:	$476,292
Level of Service:	Level II Update
Funding Method:	The Cash Flow Method
Funding Goal:	Adequate funding with moderate contributions
FINANCIAL INFORMATION
•	Fully Funded Reserve Balance:	$171,341	
•	Current Funding Plan %:	96%	
•	Full Funding Surplus/Deficit:	Deficit of $6,841	
•	Full Funding Contribution:	$25,774	
•	Total Full Funding Contribution:	$32,615	
•	Current Contribution:	$35,000	
•	Current Plan Performance:	Adequate for future component funding	
•	Recommend Contribution:	$35,757 provides adequate funding slightly higher funding level	

Required Annual Contribution	$35,757.40	
Average Net Annual Interest Earned	 $1,897.65	
Total Annual Allocation to Reserves	$37,655.05	

Current Funding Projection

Beginning Balance: $164,500

Year	
Current Cost	
Annual Contribution	
Annual Interest	
Annual Expenditures	Projected Ending
Reserves	Fully Funded
Reserves	
Percent Funded	

21-22	
476,292	
35,000	
1,890	
10,493	
190,897	
195,066	
98%	
22-23	488,200	35,525	2,223	4,100	224,546	226,693	99%	
23-24	500,405	36,058	2,522	8,405	254,721	255,779	100%	
24-25	512,915	36,599	2,881	3,231	290,970	291,696	100%	
25-26	525,738	37,148	2,987	29,465	301,639	302,442	100%	
26-27	538,881	37,705	3,358	3,584	339,117	340,826	99%	
27-28	552,353	38,271	3,693	8,118	372,962	376,385	99%	
28-29	566,162	38,845	2,963	115,493	299,277	303,658	99%	
29-30	580,316	39,427	2,611	77,652	263,663	268,805	98%	
30-31	594,824	40,019	2,999	3,747	302,935	309,763	98%	
31-32	609,695	40,619	3,436		346,989	356,537	97%	
32-33	624,937	41,228	3,336	54,583	336,971	349,509	96%	
33-34	640,560	41,847	3,010	77,834	303,993	319,472	95%	
34-35	656,574	42,474	3,421	4,367	345,521	365,013	95%	
35-36	672,989	43,111	3,886		392,519	417,220	94%	
36-37	689,813	43,758	4,319	4,345	436,251	467,356	93%	
37-38	707,059	44,414	4,063	74,329	410,400	448,115	92%	
38-39	724,735	45,081	3,740	81,528	377,692	422,146	89%	
39-40	742,854	45,757	4,188	4,679	422,957	475,457	89%	
40-41	761,425	46,443	4,694		474,095	536,087	88%	
41-42	780,461	47,140	4,252	96,017	429,470	501,034	86%	
42-43	799,972	47,847	4,298	47,552	434,062	516,029	84%	
43-44	819,971	48,565	2,394	243,224	241,798	332,116	73%	
44-45	840,471	49,293	2,911		294,002	394,222	75%	
45-46	861,482	50,033	3,251	18,978	328,307	439,773	75%	
46-47	883,019	50,783	3,791		382,881	507,295	75%	
47-48	905,095	51,545	2,198	214,611	222,012	357,940	62%	
48-49	927,722	52,318	2,435	30,853	245,912	394,653	62%	
49-50	950,915	53,103	2,457	53,294	248,178	410,766	60%	
50-51	974,688	53,899	2,956	6,483	298,550	476,785	63%	

This chart illustrates the current funding plan performance.

Ridgewood Trails Community Development District Threshold Funded Plan

Beginning Balance: $164,500

Year	
Current Cost	
Annual Contribution	
Annual Interest	
Annual Expenditures	Projected Ending
Reserves	Fully Funded
Reserves	
Percent Funded	

21-22	
476,292	
35,757	
1,898	
10,493	
191,662	
195,066	
98%	
22-23	488,200	36,294	2,239	4,100	226,095	226,693	100%	
23-24	500,405	36,838	2,545	8,405	257,073	255,779	101%	
24-25	512,915	37,391	2,912	3,231	294,146	291,696	101%	
25-26	525,738	37,952	3,026	29,465	305,659	302,442	101%	
26-27	538,881	38,521	3,406	3,584	344,001	340,826	101%	
27-28	552,353	39,099	3,750	8,118	378,732	376,385	101%	
28-29	566,162	39,685	3,029	115,493	305,953	303,658	101%	
29-30	580,316	40,280	2,686	77,652	271,268	268,805	101%	
30-31	594,824	40,885	3,084	3,747	311,490	309,763	101%	
31-32	609,695	41,498	3,530		356,518	356,537	100%	
32-33	624,937	42,120	3,441	54,583	347,496	349,509	99%	
33-34	640,560	42,752	3,124	77,834	315,538	319,472	99%	
34-35	656,574	43,393	3,546	4,367	358,110	365,013	98%	
35-36	672,989	44,044	4,022		406,176	417,220	97%	
36-37	689,813	44,705	4,465	4,345	451,001	467,356	97%	
37-38	707,059	45,376	4,220	74,329	426,268	448,115	95%	
38-39	724,735	46,056	3,908	81,528	394,704	422,146	93%	
39-40	742,854	46,747	4,368	4,679	441,140	475,457	93%	
40-41	761,425	47,448	4,886		493,474	536,087	92%	
41-42	780,461	48,160	4,456	96,017	450,073	501,034	90%	
42-43	799,972	48,882	4,514	47,552	455,917	516,029	88%	
43-44	819,971	49,616	2,623	243,224	264,933	332,116	80%	
44-45	840,471	51,588	3,165		319,686	394,222	81%	
45-46	861,482	52,362	3,531	18,978	356,601	439,773	81%	
46-47	883,019	53,148	4,097		413,846	507,295	82%	
47-48	905,095	53,945	2,532	214,611	255,711	357,940	71%	
48-49	927,722	54,754	2,796	30,853	282,408	394,653	72%	
49-50	950,915	55,575	2,847	53,294	287,536	410,766	70%	
50-51	974,688	56,409	3,375	6,483	340,837	476,785	71%	

This chart shows the threshold plan contributions with annual expenditures.

	21-22	22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	
Beginning Balance	164,500	191,662	226,095	257,073	294,146	305,659	344,001	378,732	305,953	271,268	
Annual Assessment	35,757	36,294	36,838	37,391	37,952	38,521	39,099	39,685	40,280	40,885	
Interest Earned	1,898	2,239	2,545	2,912	3,026	3,406	3,750	3,029	2,686	3,084	
Expenditures	10,493	4,100	8,405	3,231	29,465	3,584	8,118	115,493	77,652	3,747	
Fully Funded Reserves	195,066	226,693	255,779	291,696	302,442	340,826	376,385	303,658	268,805	309,763	
Percent Fully Funded	98%	100%	101%	101%	101%	101%	101%	101%	101%	101%	
Ending Balance	191,662	226,095	257,073	294,146	305,659	344,001	378,732	305,953	271,268	311,490	

Description
Misc. Site Components											
Asphalt Mill & Overlay - Parking Lot											
Landscape & Irrigation Allowance			5,253					5,943			
Light Pole - Parking Lot											
Monument Sign Refurbishment Allowance			3,152								
Misc. Site Components Total:			8,405					5,943			
Storm Water System											
Stormwater Pond Allowance								17,830			
Storm Water System Total:								17,830			
Fencing & Gates											
Aluminum Fencing - Cabana											
Aluminum Fencing - Clubhouse											
Aluminum Fencing - Playground											
Fencing & Gates Total:											
Misc. Building Components											
Cabinets/Tops - Clubhouse Addition											
Restroom Renovation - Cabana											
Restroom Renovation - Clubhouse								16,642			
Water Coolers - Clubhouse								2,330			
Window & Door Allowance											
Misc. Building Components Total:								18,971			

Description

21-22	22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31

Roofing		
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse										
Asphalt Shingles - Clubhouse Addition										
Roofing Total:										
Painting										
Exterior Painting - Cabana
Exterior Painting - Clubhouse	
5,709			2,601				
6,956		
Exterior Painting - Clubhouse Addition					3,584					
Painting Total:	5,709			2,601	3,584			6,956		
Flooring										
Carpet - Fitness
Flooring Allowance - Clubhouse Addition	1,784							2,173		
Flooring Total:	1,784							2,173		
Furniture Fixtures & Equipment										
Access Control/Camera Allowance
Fitness Equipment Allowance		
4,100				
4,639	4,755			
Pool Furniture Allowance	3,000		3,231			3,479			3,747	
Furniture Fixtures & Equipment Total:	3,000	4,100	3,231			8,118	4,755		3,747	
HVAC										
Heat Pump - Clubhouse Addition
Heat Pump- Fitness				
7,064						
HVAC Total:				7,064						
Swimming Pool - Phase I										
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance										
Pool Lift
Pool Resurfacing/Tile				
19,800			6,657			
Swimming Pool - Phase I Total:				19,800			6,657			

Description

21-22	22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31

Swimming Pool - Phase II		
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance												
Pool Lift
Pool Resurfacing										
68,523		
Pool Slide & Tower Refurbishment Allowance
Wood Pergola												
Swimming Pool - Phase II Total:										68,523		
Playground												
Plastic Mulch Border
Play Equipment Allowance									
53,491			
Site Furnishing Allowance									3,566			
Swings - Tripod 2 Bay									4,279			
Playground Total:									61,336			
Components Not Included												
Electrical Panels/Wiring
Fire Detection System		Unfunded
Unfunded										
Message Board
Pool Furniture Full Replacement		Unfunded
Unfunded										
Pool Pumps/Equip Partial Replacement
Site Utilities		Unfunded
Unfunded										
Water Coolers - Cabana		Unfunded										
Year Total:		10,493	4,100	8,405	3,231	29,465	3,584	8,118	115,493	77,652	3,747	

	31-32	32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	
Beginning Balance	311,490	356,518	347,496	315,538	358,110	406,176	451,001	426,268	394,704	441,140	
Annual Assessment	41,498	42,120	42,752	43,393	44,044	44,705	45,376	46,056	46,747	47,448	
Interest Earned	3,530	3,441	3,124	3,546	4,022	4,465	4,220	3,908	4,368	4,886	
Expenditures		54,583	77,834	4,367		4,345	74,329	81,528	4,679		
Fully Funded Reserves	356,537	349,509	319,472	365,013	417,220	467,356	448,115	422,146	475,457	536,087	
Percent Fully Funded	100%	99%	99%	98%	97%	97%	95%	93%	93%	92%	
Ending Balance	356,518	347,496	315,538	358,110	406,176	451,001	426,268	394,704	441,140	493,474	

Description
Misc. Site Components											
Asphalt Mill & Overlay - Parking Lot			25,488								
Landscape & Irrigation Allowance			6,724					7,608			
Light Pole - Parking Lot								10,043			
Monument Sign Refurbishment Allowance			4,035								
Misc. Site Components Total:			36,247					17,651			
Storm Water System											
Stormwater Pond Allowance											
Storm Water System Total:											
Fencing & Gates											
Aluminum Fencing - Cabana											
Aluminum Fencing - Clubhouse								11,613			
Aluminum Fencing - Playground								13,037			
Fencing & Gates Total:								24,650			
Misc. Building Components											
Cabinets/Tops - Clubhouse Addition								4,565			
Restroom Renovation - Cabana		15,745									
Restroom Renovation - Clubhouse											
Water Coolers - Clubhouse											
Window & Door Allowance								13,695			
Misc. Building Components Total:		15,745						18,259			

Description

31-32	32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41

Roofing		
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse		
17,094			7,912			
Asphalt Shingles - Clubhouse Addition						11,230		
Roofing Total:		17,094			7,912	11,230		
Painting								
Exterior Painting - Cabana
Exterior Painting - Clubhouse		3,169			
8,475			
Exterior Painting - Clubhouse Addition			4,367					
Painting Total:		3,169	4,367		8,475			
Flooring								
Carpet - Fitness
Flooring Allowance - Clubhouse Addition		
10,544			2,648			
Flooring Total:		10,544			2,648			
Furniture Fixtures & Equipment								
Access Control/Camera Allowance
Fitness Equipment Allowance	
5,248				
5,938			
Pool Furniture Allowance		4,035		4,345			4,679	
Furniture Fixtures & Equipment Total:	5,248	4,035		4,345	5,938		4,679	
HVAC								
Heat Pump - Clubhouse Addition
Heat Pump- Fitness					
9,501	9,738		
HVAC Total:					9,501	9,738		
Swimming Pool - Phase I								
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance								
Pool Lift
Pool Resurfacing/Tile					
26,628			
Swimming Pool - Phase I Total:					26,628			

Description

31-32	32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41

Swimming Pool - Phase II		
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance										
Pool Lift
Pool Resurfacing			7,348							
Pool Slide & Tower Refurbishment Allowance
Wood Pergola			26,242				
13,227			
Swimming Pool - Phase II Total:			33,589				13,227			
Playground										
Plastic Mulch Border
Play Equipment Allowance				6,746						
Site Furnishing Allowance
Swings - Tripod 2 Bay										
Playground Total:				6,746						
Components Not Included										
Electrical Panels/Wiring
Fire Detection System		Unfunded
Unfunded								
Message Board
Pool Furniture Full Replacement		Unfunded
Unfunded								
Pool Pumps/Equip Partial Replacement
Site Utilities		Unfunded
Unfunded								
Water Coolers - Cabana		Unfunded								
Year Total:			54,583	77,834	4,367	4,345	74,329	81,528	4,679	

	41-42	42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	
Beginning Balance	493,474	450,073	455,917	264,933	319,686	356,601	413,846	255,711	282,408	287,536	
Annual Assessment	48,160	48,882	49,616	51,588	52,362	53,148	53,945	54,754	55,575	56,409	
Interest Earned	4,456	4,514	2,623	3,165	3,531	4,097	2,532	2,796	2,847	3,375	
Expenditures	96,017	47,552	243,224		18,978		214,611	30,853	53,294	6,483	
Fully Funded Reserves	501,034	516,029	332,116	394,222	439,773	507,295	357,940	394,653	410,766	476,785	
Percent Fully Funded	90%	88%	80%	81%	81%	82%	71%	72%	70%	71%	
Ending Balance	450,073	455,917	264,933	319,686	356,601	413,846	255,711	282,408	287,536	340,837	

Description
Misc. Site Components											
Asphalt Mill & Overlay - Parking Lot											
Landscape & Irrigation Allowance			8,608					9,739			
Light Pole - Parking Lot											
Monument Sign Refurbishment Allowance			5,165								
Misc. Site Components Total:			13,773					9,739			
Storm Water System											
Stormwater Pond Allowance			25,824								
Storm Water System Total:			25,824								
Fencing & Gates											
Aluminum Fencing - Cabana		30,474									
Aluminum Fencing - Clubhouse											
Aluminum Fencing - Playground											
Fencing & Gates Total:		30,474									
Misc. Building Components											
Cabinets/Tops - Clubhouse Addition											
Restroom Renovation - Cabana							22,804				
Restroom Renovation - Clubhouse			24,102								
Water Coolers - Clubhouse			3,374								
Window & Door Allowance											
Misc. Building Components Total:			27,476				22,804				

Description

41-42	42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51

Roofing		
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse									
Asphalt Shingles - Clubhouse Addition									
Roofing Total:									
Painting									
Exterior Painting - Cabana
Exterior Painting - Clubhouse	3,861			
10,326			4,704		
Exterior Painting - Clubhouse Addition		5,321						6,483	
Painting Total:	3,861	5,321		10,326			4,704	6,483	
Flooring									
Carpet - Fitness
Flooring Allowance - Clubhouse Addition				3,226		
15,271			
Flooring Total:				3,226		15,271			
Furniture Fixtures & Equipment									
Access Control/Camera Allowance
Fitness Equipment Allowance		
6,718	6,886		
7,601				
Pool Furniture Allowance		5,039		5,426		5,843			
Furniture Fixtures & Equipment Total:		11,757	6,886	5,426	7,601	5,843			
HVAC									
Heat Pump - Clubhouse Addition
Heat Pump- Fitness							
12,778		
HVAC Total:							12,778		
Swimming Pool - Phase I									
Concrete Pavers - Pool Deck			27,752						
Filtration Refurbishment Allowance			43,039						
Pool Lift
Pool Resurfacing/Tile			9,641				
35,812		
Swimming Pool - Phase I Total:			80,432				35,812		

Description

41-42	42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51

Swimming Pool - Phase II		
Concrete Pavers - Pool Deck						88,052				
Filtration Refurbishment Allowance						47,507				
Pool Lift
Pool Resurfacing		
92,156				10,642				
Pool Slide & Tower Refurbishment Allowance
Wood Pergola						38,006				
Swimming Pool - Phase II Total:		92,156				184,207				
Playground										
Plastic Mulch Border
Play Equipment Allowance				
77,471						
Site Furnishing Allowance				5,165						
Swings - Tripod 2 Bay				6,198						
Playground Total:				88,833						
Components Not Included										
Electrical Panels/Wiring
Fire Detection System		Unfunded
Unfunded								
Message Board
Pool Furniture Full Replacement		Unfunded
Unfunded								
Pool Pumps/Equip Partial Replacement
Site Utilities		Unfunded
Unfunded								
Water Coolers - Cabana		Unfunded								
Year Total:		96,017	47,552	243,224	18,978	214,611	30,853	53,294	6,483	

Description	Expenditures

Replacement Year 21-22 Painting
Exterior Painting - Clubhouse	5,709
Flooring
Carpet - Fitness	1,784

Furniture Fixtures & Equipment
Pool Furniture Allowance	
3,000	
Total for 2021 - 2022	$10,493	
Replacement Year 22-23		
Furniture Fixtures & Equipment		
Fitness Equipment Allowance	4,100	
Total for 2022 - 2023	
$4,100	
Replacement Year 23-24		
Misc. Site Components		
Landscape & Irrigation Allowance	5,253	
Monument Sign Refurbishment Allowance	3,152	
Total for 2023 - 2024	
$8,405	
Replacement Year 24-25		
Furniture Fixtures & Equipment		
Pool Furniture Allowance	3,231	
Total for 2024 - 2025	
$3,231	
Replacement Year 25-26		
Painting		
Exterior Painting - Cabana	2,601	
HVAC
Heat Pump- Fitness	
7,064	
Swimming Pool - Phase I		
Pool Resurfacing/Tile	19,800	
Total for 2025 - 2026	$29,465	

Description	Expenditures	
Replacement Year 26-27		
Painting
Exterior Painting - Clubhouse Addition	
3,584	
Total for 2026 - 2027	
$3,584	
Replacement Year 27-28		
Furniture Fixtures & Equipment
Fitness Equipment Allowance	
4,639	
Pool Furniture Allowance	3,479	
Total for 2027 - 2028	
$8,118	
Replacement Year 28-29		
Misc. Site Components
Landscape & Irrigation Allowance	
5,943	
Storm Water System
Stormwater Pond Allowance	17,830
Misc. Building Components
Restroom Renovation - Clubhouse	16,642	
Water Coolers - Clubhouse	2,330	
Furniture Fixtures & Equipment		
Access Control/Camera Allowance	4,755	
Swimming Pool - Phase I
Pool Lift	
6,657	
Playground		
Play Equipment Allowance	53,491	
Site Furnishing Allowance	3,566	
Swings - Tripod 2 Bay	4,279	
Total for 2028 - 2029	$115,493	
Replacement Year 29-30		
Painting		
Exterior Painting - Clubhouse	6,956	
Flooring		
Carpet - Fitness	2,173

Swimming Pool - Phase II		
Pool Resurfacing	68,523	
Total for 2029 - 2030	$77,652	
Replacement Year 30-31		
Furniture Fixtures & Equipment		
Pool Furniture Allowance	3,747	
Total for 2030 - 2031	
$3,747	
No Replacement in 31-32		
Replacement Year 32-33		
Misc. Building Components		
Restroom Renovation - Cabana	15,745	
Furniture Fixtures & Equipment		
Fitness Equipment Allowance	5,248	
Swimming Pool - Phase II
Pool Lift	
7,348	
Pool Slide & Tower Refurbishment Allowance	26,242	
Total for 2032 - 2033	$54,583	
Replacement Year 33-34		
Misc. Site Components		
Asphalt Mill & Overlay - Parking Lot	25,488	
Landscape & Irrigation Allowance	6,724	
Monument Sign Refurbishment Allowance	4,035	
Roofing		
Asphalt Shingles - Clubhouse	17,094
Painting
Exterior Painting - Cabana	3,169
Flooring
Flooring Allowance - Clubhouse Addition	10,544
Furniture Fixtures & Equipment
Pool Furniture Allowance	4,035

Description	Expenditures	
Replacement Year 33-34 continued...		
Playground
Plastic Mulch Border	
6,746	
Total for 2033 - 2034	
$77,834	
Replacement Year 34-35		
Painting
Exterior Painting - Clubhouse Addition	
4,367	
Total for 2034 - 2035	
$4,367	
No Replacement in 35-36		
Replacement Year 36-37		
Furniture Fixtures & Equipment
Pool Furniture Allowance	
4,345	
Total for 2036 - 2037	
$4,345	
Replacement Year 37-38		
Roofing
Asphalt Shingles - Cabana	
7,912	
Painting
Exterior Painting - Clubhouse	8,475
Flooring
Carpet - Fitness	2,648
Furniture Fixtures & Equipment
Fitness Equipment Allowance	5,938
HVAC
Heat Pump- Fitness	9,501	
Swimming Pool - Phase I
Pool Resurfacing/Tile	
26,628	
Swimming Pool - Phase II
Wood Pergola	
13,227	
Total for 2037 - 2038	$74,329	

Description	Expenditures

Replacement Year 38-39 Misc. Site Components
Landscape & Irrigation Allowance	7,608
Light Pole - Parking Lot	10,043
Fencing & Gates
Aluminum Fencing - Clubhouse	11,613
Aluminum Fencing - Playground	13,037
Misc. Building Components
Cabinets/Tops - Clubhouse Addition	4,565
Window & Door Allowance	13,695
Roofing
Asphalt Shingles - Clubhouse Addition	11,230
HVAC
Heat Pump - Clubhouse Addition	9,738

Total for 2038 - 2039	$81,528

Replacement Year 39-40 Furniture Fixtures & Equipment
Pool Furniture Allowance	4,679
Total for 2039 - 2040	$4,679

No Replacement in 40-41

Replacement Year 41-42 Painting
Exterior Painting - Cabana	3,861
Swimming Pool - Phase II
Pool Resurfacing	92,156
Total for 2041 - 2042	$96,017

Replacement Year 42-43 Fencing & Gates
Aluminum Fencing - Cabana	30,474
Painting
Exterior Painting - Clubhouse Addition	5,321

Description	Expenditures	
Replacement Year 42-43 continued...		
Furniture Fixtures & Equipment
Fitness Equipment Allowance	
6,718	
Pool Furniture Allowance	5,039	
Total for 2042 - 2043	
$47,552	
Replacement Year 43-44		
Misc. Site Components
Landscape & Irrigation Allowance	
8,608	
Monument Sign Refurbishment Allowance	5,165	
Storm Water System
Stormwater Pond Allowance	25,824
Misc. Building Components
Restroom Renovation - Clubhouse	24,102	
Water Coolers - Clubhouse	3,374	
Furniture Fixtures & Equipment		
Access Control/Camera Allowance	6,886	
Swimming Pool - Phase I
Concrete Pavers - Pool Deck	
27,752	
Filtration Refurbishment Allowance	43,039	
Pool Lift	9,641	
Playground		
Play Equipment Allowance	77,471	
Site Furnishing Allowance	5,165	
Swings - Tripod 2 Bay	6,198	
Total for 2043 - 2044	$243,224	
No Replacement in 44-45		
Replacement Year 45-46		
Painting		
Exterior Painting - Clubhouse	10,326	
Flooring		
Carpet - Fitness	3,226

Description	Expenditures	
Replacement Year 45-46 continued...		
Furniture Fixtures & Equipment		
Pool Furniture Allowance	5,426	
Total for 2045 - 2046	
$18,978	
No Replacement in 46-47		
Replacement Year 47-48		
Misc. Building Components		
Restroom Renovation - Cabana	22,804	
Furniture Fixtures & Equipment		
Fitness Equipment Allowance	7,601	
Swimming Pool - Phase II		
Concrete Pavers - Pool Deck	88,052	
Filtration Refurbishment Allowance	47,507	
Pool Lift	10,642	
Pool Slide & Tower Refurbishment Allowance	38,006	
Total for 2047 - 2048	$214,611	
Replacement Year 48-49		
Misc. Site Components		
Landscape & Irrigation Allowance	9,739	
Flooring
Flooring Allowance - Clubhouse Addition	15,271
Furniture Fixtures & Equipment
Pool Furniture Allowance	5,843	
Total for 2048 - 2049	$30,853	
Replacement Year 49-50		
Painting		
Exterior Painting - Cabana	4,704	
HVAC
Heat Pump- Fitness	
12,778	
Swimming Pool - Phase I		
Pool Resurfacing/Tile	35,812	
Total for 2049 - 2050	$53,294	

Description	Expenditures

Replacement Year 50-51 Painting
Exterior Painting - Clubhouse Addition	6,483
Total for 2050 - 2051	$6,483

Description		
Misc. Site Components
Asphalt Mill & Overlay - Parking Lot	
2014	
33-34	
20	
0	
12	
920 Square Yards	
20.60	
18,952	
Landscape & Irrigation Allowance	2017	23-24	5	2	2	1 Lump Sum	5,000.00	5,000	
Light Pole - Parking Lot	2014	38-39	25	0	17	3 Each	2,200.00	6,600	
Monument Sign Refurbishment Allowance	2014	23-24	10	0	2	1 Lump Sum	3,000.00	  3,000	
Misc. Site Components - Total								$33,552	
Storm Water System
Stormwater Pond Allowance	
2014	
28-29	
15	
0	
7	
1 Lump Sum	
15,000.00	
 15,000	
Storm Water System - Total								$15,000	
Fencing & Gates
Aluminum Fencing - Cabana	
2018	
42-43	
25	
0	
21	
504 Linear Feet	
36.00	
18,144	
Aluminum Fencing - Clubhouse	2014	38-39	25	0	17	212 Linear Feet	36.00	7,632	
Aluminum Fencing - Playground	2014	38-39	25	0	17	238 Linear Feet	36.00	  8,568	
Fencing & Gates - Total								$34,344	
Misc. Building Components
Cabinets/Tops - Clubhouse Addition	
2019	
38-39	
20	
0	
17	
1 Lump Sum	
3,000.00	
3,000	
Restroom Renovation - Cabana	2018	32-33	15	0	11	1 Lump Sum	12,000.00	12,000	
Restroom Renovation - Clubhouse	2014	28-29	15	0	7	1 Lump Sum	14,000.00	14,000	
Water Coolers - Clubhouse	2014	28-29	15	0	7	2 Each	980.00	1,960	
Window & Door Allowance	2014	38-39	25	0	17	1 Lump Sum	9,000.00	  9,000	
Misc. Building Components - Total								$39,960	
Roofing
Asphalt Shingles - Cabana	
2018	
37-38	
20	
0	
16	
13 Squares	
410.00	
5,330	
Asphalt Shingles - Clubhouse	2014	33-34	20	0	12	31 Squares	410.00	12,710	
Asphalt Shingles - Clubhouse Addition	2019	38-39	20	0	17	18 Squares	410.00	  7,380	
Roofing - Total								$25,420	
Painting
Exterior Painting - Cabana	
2018	
25-26	
8	
0	
4	
1,428 Square Feet	
1.65	
2,356	
Exterior Painting - Clubhouse	2014	21-22	8	0	0	3,460 Square Feet	1.65	5,709	
Exterior Painting - Clubhouse Addition	2019	26-27	8	0	5	1,920 Square Feet	1.65	  3,168	
Painting - Total								$11,233	
Flooring
Carpet - Fitness	
2014	
21-22	
8	
0	
0	
49 Square Yards	
36.40	
1,784	
Flooring Allowance - Clubhouse Addition	2019	33-34	15	0	12	1,600 Square Feet	4.90	 7,840	
Flooring - Total								$9,624	
Furniture Fixtures & Equipment
Access Control/Camera Allowance	
2014	
28-29	
15	
0	
7	
1 Lump Sum	
4,000.00	
4,000	

Description									
Furniture Fixtures & Equipment continued...									
Fitness Equipment Allowance	2018	22-23	5	0	1	1 Lump Sum	4,000.00	4,000	
Pool Furniture Allowance	2018	21-22	3	0	0	1 Lump Sum	3,000.00	  3,000	
Furniture Fixtures & Equipment - Total								$11,000	
HVAC
Heat Pump - Clubhouse Addition	
2019	
38-39	
20	
0	
17	
4 Ton	
1,600.00	
6,400	
Heat Pump- Fitness	2014	25-26	12	0	4	4 Ton	1,600.00	  6,400	
HVAC - Total								$12,800	
Swimming Pool - Phase I
Concrete Pavers - Pool Deck	
2014	
43-44	
30	
0	
22	
2,015 Square Feet	
8.00	
16,120	
Filtration Refurbishment Allowance	2014	43-44	30	0	22	1 Lump Sum	25,000.00	25,000	
Pool Lift	2014	28-29	15	0	7	1 Each	5,600.00	5,600	
Pool Resurfacing/Tile	2014	25-26	12	0	4	1,212 Square Feet	14.80	 17,938	
Swimming Pool - Phase I - Total								$64,658	
Swimming Pool - Phase II
Concrete Pavers - Pool Deck	
2018	
47-48	
30	
0	
26	
5,792 Square Feet	
8.00	
46,336	
Filtration Refurbishment Allowance	2018	47-48	30	0	26	1 Lump Sum	25,000.00	25,000	
Pool Lift	2018	32-33	15	0	11	1 Each	5,600.00	5,600	
Pool Resurfacing	2018	29-30	12	0	8	3,800 Square Feet	14.80	56,240	
Pool Slide & Tower Refurbishment Allowan..	2018	32-33	15	0	11	1 Lump Sum	20,000.00	20,000	
Wood Pergola	2018	37-38	20	0	16	3 Each	2,970.00		8,910	
Swimming Pool - Phase II - Total								$162,086	
Playground
Plastic Mulch Border	
2014	
33-34	
20	
0	
12	
228 Linear Feet	
22.00	
5,016	
Play Equipment Allowance	2014	28-29	15	0	7	1 Lump Sum	45,000.00	45,000	
Site Furnishing Allowance	2014	28-29	15	0	7	1 Lump Sum	3,000.00	3,000	
Swings - Tripod 2 Bay	2014	28-29	15	0	7	1 Each	3,600.00	  3,600	
Playground - Total								$56,616	

Components Not Included
Electrical Panels/Wiring	Unfunded
Fire Detection System	Unfunded
Message Board	Unfunded
Pool Furniture Full Replacement	Unfunded Pool Pumps/Equip Partial Replacement	Unfunded Site Utilities	Unfunded
Water Coolers - Cabana	Unfunded
Components Not Included - Total

Total Asset Summary	$476,292

Asset IDDescription	Replacement	Page

Misc. Site Components
1037	Asphalt Mill & Overlay - Parking Lot	33-34	5-5	
1074	Landscape & Irrigation Allowance	23-24	5-5	
1068	Light Pole - Parking Lot	38-39	5-5	
1003	Monument Sign Refurbishment Allowance	23-24	5-6	

Storm Water System	
1049	Stormwater Pond Allowance	28-29	5-7	

Fencing & Gates	
1071	Aluminum Fencing - Cabana	42-43	5-8	
1006	Aluminum Fencing - Clubhouse	38-39	5-8	
1067	Aluminum Fencing - Playground	38-39	5-9	

Misc. Building Components	
1083	Cabinets/Tops - Clubhouse Addition	38-39	5-10	
1062	Restroom Renovation - Cabana	32-33	5-10	
1064	Restroom Renovation - Clubhouse	28-29	5-11	
1073	Water Coolers - Clubhouse	28-29	5-11	
1007	Window & Door Allowance	38-39	5-12	
Roofing				
1066	Asphalt Shingles - Cabana	37-38	5-13	
1001	Asphalt Shingles - Clubhouse	33-34	5-13	
1081	Asphalt Shingles - Clubhouse Addition	38-39	5-14	

Painting
1056	

Exterior Painting - Cabana	

25-26	

5-15	
1005	Exterior Painting - Clubhouse	21-22	5-15	
1080	Exterior Painting - Clubhouse Addition	26-27	5-16	

Flooring
1031	

Carpet - Fitness	

21-22	

5-17	
1082	Flooring Allowance - Clubhouse Addition	33-34	5-17	

Furniture Fixtures & Equipment	
1012	Access Control/Camera Allowance	28-29	5-18	
1032	Fitness Equipment Allowance	22-23	5-18	

Asset IDDescription	Replacement	Page

Furniture Fixtures & Equipment Continued...
1021	Pool Furniture Allowance	21-22	5-19	
HVAC				
1084	Heat Pump - Clubhouse Addition	38-39	5-20	
1011	Heat Pump- Fitness	25-26	5-20	

Swimming Pool - Phase I	
1019	Concrete Pavers - Pool Deck	43-44	5-21	
1076	Filtration Refurbishment Allowance	43-44	5-21	
1065	Pool Lift	28-29	5-22	
1029	Pool Resurfacing/Tile	25-26	5-22	

Swimming Pool - Phase II	
1057	Concrete Pavers - Pool Deck	47-48	5-23	
1077	Filtration Refurbishment Allowance	47-48	5-23	
1028	Pool Lift	32-33	5-24	
1060	Pool Resurfacing	29-30	5-24	
1061	Pool Slide & Tower Refurbishment Allowance	32-33	5-25	
1058	Wood Pergola	37-38	5-25	

Playground	
1033	Plastic Mulch Border	33-34	5-26	
1035	Play Equipment Allowance	28-29	5-26	
1069	Site Furnishing Allowance	28-29	5-27	
1034	Swings - Tripod 2 Bay	28-29	5-27	

Components Not Included	
1079	Electrical Panels/Wiring	Unfunded	5-28	
1014	Fire Detection System	Unfunded	5-28	
1078	Message Board	Unfunded	5-28	
1086	Pool Furniture Full Replacement	Unfunded	5-29	
1075	Pool Pumps/Equip Partial Replacement	Unfunded	5-29	
1085	Site Utilities	Unfunded	5-29	
1063	Water Coolers - Cabana	Unfunded	5-30	

Total Funded Assets	
40	
Total Unfunded Assets	 7	
Total Assets	47	

Asphalt Mill & Overlay - Parking Lot - 2033

Asset ID	1037
Misc. Site Components
Placed in Service	January 2014
Useful Life	20
Replacement Year	33-34

Remaining Life	12

920 Square Yards		@ $20.60 Asset Actual Cost	$18,952.00 Percent Replacement			100%
Future Cost	$25,488.33

Asset ID	1074

Misc. Site Components
Placed in Service	January 2017
Useful Life	5
Adjustment	2
Replacement Year	23-24
Remaining Life	2

Landscape & Irrigation Allowance - 2023

1 Lump Sum	@ $5,000.00 Asset Actual Cost		$5,000.00
Percent Replacement	100%
Future Cost	$5,253.12

Light Pole - Parking Lot - 2038

3 Each

@ $2,200.00

Asset ID	1068
Misc. Site Components
Placed in Service	January 2014
Useful Life	25
Replacement Year	38-39
Remaining Life	17

Asset Actual Cost	$6,600.00
Percent Replacement	100%
Future Cost	$10,042.68

Light Pole - Parking Lot continued...

Monument Sign Refurbishment Allowance - 2023

	1 Lump Sum	@ $3,000.00	
Asset ID	1003	Asset Actual Cost	$3,000.00	
		Percent Replacement	100%	
	Misc. Site Components	Future Cost	$3,151.87	
Placed in Service	January 2014			
Useful Life	10			
Replacement Year	23-24			
Remaining Life	2			

Stormwater Pond Allowance - 2028

Asset ID	1049
Storm Water System
Placed in Service	January 2014
Useful Life	15
Replacement Year	28-29
Remaining Life	7
2

1 Lump Sum	 @ $15,000.00 Asset Actual Cost	$15,000.00 Percent Replacement		100%
Future Cost	$17,830.29

Aluminum Fencing - Cabana - 2042

	504 Linear Feet	@ $36.00	
Asset ID	1071	Asset Actual Cost	$18,144.00	
		Percent Replacement	100%	
	Fencing & Gates	Future Cost	$30,474.33	
Placed in Service	June 2018			
Useful Life	25			
Replacement Year	42-43			
Remaining Life	21			

Aluminum Fencing - Clubhouse - 2038

	212 Linear Feet	@ $36.00	
Asset ID	1006	Asset Actual Cost	$7,632.00	
		Percent Replacement	100%	
	Fencing & Gates	Future Cost	$11,612.99	
Placed in Service	January 2014			
Useful Life	25			
Replacement Year	38-39			
Remaining Life	17			

Aluminum Fencing - Playground - 2038

		238 Linear Feet	@ $36.00	
Asset ID	1067	Asset Actual Cost	$8,568.00	
		Percent Replacement	100%	
	Fencing & Gates	Future Cost	$13,037.22	
Placed in Service	January 2014			
Useful Life	25			
Replacement Year	38-39			
Remaining Life	17			

Cabinets/Tops - Clubhouse Addition - 2038

Asset ID	1083
Misc. Building Components
Placed in Service	January 2019	
Useful Life	20	
Replacement Year	38-39	
Remaining Life	17	

Asset ID	1062

Misc. Building Components

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

Future Cost	$4,564.85

Restroom Renovation - Cabana - 2032

1 Lump Sum	 @ $12,000.00 Asset Actual Cost	$12,000.00 Percent Replacement		100%
Future Cost	$15,745.04

Placed in Service	June 2018	
Useful Life	15	
Replacement Year	32-33	
Remaining Life	11	

Restroom Renovation - Clubhouse - 2028

Asset ID	1064
Misc. Building Components
Placed in Service	January 2014	
Useful Life	15	
Replacement Year	28-29	
Remaining Life	7	

Asset ID	1073

Misc. Building Components

1 Lump Sum	 @ $14,000.00 Asset Actual Cost	$14,000.00 Percent Replacement		100%

Future Cost	$16,641.60

Water Coolers - Clubhouse - 2028

2 Each

@ $980.00

Asset Actual Cost	$1,960.00
Percent Replacement	100%
Future Cost	$2,329.82

Placed in Service	January 2014	
Useful Life	15	
Replacement Year	28-29	
Remaining Life	7	

Window & Door Allowance - 2038

1 Lump Sum

@ $9,000.00

Asset ID	1007
Misc. Building Components

Asset Actual Cost	$9,000.00
Percent Replacement	100%
Future Cost	$13,694.56

Placed in Service	January 2014	
Useful Life	25	
Replacement Year	38-39	
Remaining Life	17	

Asphalt Shingles - Cabana - 2037

13 Squares

@ $410.00

Asset ID	1066
Roofing
Placed in Service	April 2018
Useful Life	20
Replacement Year	37-38
Remaining Life	16

Asset Actual Cost	$5,330.00
Percent Replacement	100%
Future Cost	$7,912.41

Asphalt Shingles - Clubhouse - 2033

31 Squares

@ $410.00

Asset ID	1001	Asset Actual Cost	$12,710.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$17,093.54	
Placed in Service	January 2014			
Useful Life	20			
Replacement Year	33-34			
Remaining Life	12			

Asphalt Shingles - Clubhouse Addition - 2038

	18 Squares	@ $410.00	
Asset ID	1081	Asset Actual Cost	$7,380.00	
	Percent Replacement	100%	
Roofing	Future Cost	$11,229.54	
Placed in Service	January 2019		
Useful Life	20		
Replacement Year	38-39		
Remaining Life	17		

Exterior Painting - Cabana - 2025

1,428 Square Feet

@ $1.65

Asset ID	1056
Painting
Placed in Service	April 2018
Useful Life	8
Replacement Year	25-26
Remaining Life	4

Asset Actual Cost	$2,356.20
Percent Replacement	100%
Future Cost	$2,600.80

Exterior Painting - Clubhouse - 2021

Asset ID	1005
Painting
Placed in Service	January 2014
Useful Life	8
Replacement Year	21-22
Remaining Life	0

3,460 Square Feet	@ $1.65
Asset Actual Cost	$5,709.00
Percent Replacement	100%
Future Cost	$5,709.00

Exterior Painting - Clubhouse Addition - 2026

	1,920 Square Feet	@ $1.65	
Asset ID	1080	Asset Actual Cost	$3,168.00	
	Percent Replacement	100%	
Painting	Future Cost	$3,584.30	
Placed in Service	January 2019		
Useful Life	8		
Replacement Year	26-27		
Remaining Life	5		

Carpet - Fitness - 2021		49 Square Yards	@ $36.40	
Asset ID	1031	Asset Actual Cost	$1,783.60	
		Percent Replacement	100%	
	Flooring	Future Cost	$1,783.60	
Placed in Service	January 2014			
Useful Life	8			
Replacement Year	21-22			
Remaining Life	0			

Flooring Allowance - Clubhouse Addition - 2033

	1,600 Square Feet	@ $4.90	
Asset ID	1082	Asset Actual Cost	$7,840.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$10,543.93	
Placed in Service	January 2019			
Useful Life	15			
Replacement Year	33-34			
Remaining Life	12			

Access Control/Camera Allowance - 2028

Asset ID	1012
Furniture Fixtures & Equipment
Placed in Service	January 2014	
Useful Life	15	
Replacement Year	28-29	
Remaining Life	7	

Asset ID	1032

Furniture Fixtures & Equipment

1 Lump Sum	@ $4,000.00 Asset Actual Cost		$4,000.00
Percent Replacement	100%
Future Cost	$4,754.74

Fitness Equipment Allowance - 2022

1 Lump Sum	@ $4,000.00 Asset Actual Cost		$4,000.00
Percent Replacement	100%
Future Cost	$4,100.00

Placed in Service	September 2018	
Useful Life	5	
Replacement Year	22-23	
Remaining Life	1	

Pool Furniture Allowance - 2021

1 Lump Sum

@ $3,000.00

Asset ID	1021
Furniture Fixtures & Equipment

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

Placed in Service	January 2018	
Useful Life	3	
Replacement Year	21-22	
Remaining Life	0	

Heat Pump- Fitness - 2025

Asset ID	1084	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
	HVAC	Future Cost	$9,738.36	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	17			

Heat Pump - Clubhouse Addition - 2038

4 Ton

@ $1,600.00

4 Ton

@ $1,600.00

Asset ID	1011	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
	HVAC	Future Cost	$7,064.40	
Placed in Service	January 2014			
Useful Life	12			
Replacement Year	25-26			
Remaining Life	4			

Concrete Pavers - Pool Deck - 2043

Asset ID	1019
Swimming Pool - Phase I
Placed in Service	January 2014	
Useful Life	30	
Replacement Year	43-44	
Remaining Life	22	

Asset ID	1076

Swimming Pool - Phase I

2,015 Square Feet		@ $8.00 Asset Actual Cost	$16,120.00 Percent Replacement			100%

Future Cost	$27,751.73

Filtration Refurbishment Allowance - 2043

1 Lump Sum	 @ $25,000.00 Asset Actual Cost	$25,000.00 Percent Replacement		100%
Future Cost	$43,039.28

Placed in Service	January 2014	
Useful Life	30	
Replacement Year	43-44	
Remaining Life	22	

Pool Lift - 2028
Asset ID	1065

Swimming Pool - Phase I
Placed in Service	January 2014	
Useful Life	15	
Replacement Year	28-29	
Remaining Life	7	

Pool Resurfacing/Tile - 2025

1,212 Square Feet

@ $14.80

Asset ID	1029

Swimming Pool - Phase I

1 Each	@ $5,600.00 Asset Actual Cost		$5,600.00
Percent Replacement	100%
Future Cost	$6,656.64

Asset Actual Cost	$17,937.60 Percent Replacement		100%
Future Cost	$19,799.75

Placed in Service	January 2014	
Useful Life	12	
Replacement Year	25-26	
Remaining Life	4	

Concrete Pavers - Pool Deck - 2047

Asset ID	1057
Swimming Pool - Phase II
Placed in Service	April 2018	
Useful Life	30	
Replacement Year	47-48	
Remaining Life	26	

Asset ID	1077

Swimming Pool - Phase II

5,792 Square Feet		@ $8.00 Asset Actual Cost	$46,336.00 Percent Replacement			100%

Future Cost	$88,051.96

Filtration Refurbishment Allowance - 2047

1 Lump Sum	 @ $25,000.00 Asset Actual Cost	$25,000.00 Percent Replacement		100%
Future Cost	$47,507.32

Placed in Service	June 2018	
Useful Life	30	
Replacement Year	47-48	
Remaining Life	26	

Pool Lift - 2032
Asset ID	1028
Swimming Pool - Phase II

1 Each	@ $5,600.00 Asset Actual Cost		$5,600.00
Percent Replacement	100%
Future Cost	$7,347.68

Placed in Service	June 2018	
Useful Life	15	
Replacement Year	32-33	
Remaining Life	11	

Pool Resurfacing - 2029
Asset ID

1060

3,800 Square Feet		@ $14.80 Asset Actual Cost	$56,240.00 Percent Replacement			100%

Swimming Pool - Phase II	Future Cost	$68,522.98
Placed in Service	June 2018	
Useful Life	12	
Replacement Year	29-30	
Remaining Life	8	

Pool Slide & Tower Refurbishment Allowance - 2032

Asset ID	1061
Swimming Pool - Phase II
Placed in Service	June 2018	
Useful Life	15	
Replacement Year	32-33	
Remaining Life	11	

Asset ID	1058

Swimming Pool - Phase II

1 Lump Sum	 @ $20,000.00 Asset Actual Cost	$20,000.00 Percent Replacement		100%

Future Cost	$26,241.73

Wood Pergola - 2037

3 Each

@ $2,970.00

Asset Actual Cost	$8,910.00
Percent Replacement	100%
Future Cost	$13,226.94

Placed in Service	April 2018	
Useful Life	20	
Replacement Year	37-38	
Remaining Life	16	

228 Linear Feet

@ $22.00

Play Equipment Allowance - 2028

1 Lump Sum	@ $45,000.00

Asset ID	1035
Playground
Placed in Service	January 2014
Useful Life	15
Replacement Year	28-29
Remaining Life	7

Asset Actual Cost	$45,000.00
Percent Replacement	100%
Future Cost	$53,490.86

Plastic Mulch Border - 2033

Asset ID	1033	Asset Actual Cost	$5,016.00	
		Percent Replacement	100%	
	Playground	Future Cost	$6,745.96	
Placed in Service	January 2014			
Useful Life	20			
Replacement Year	33-34			
Remaining Life	12			

Site Furnishing Allowance - 2028

1 Lump Sum

@ $3,000.00

Asset ID	1069
Playground
Placed in Service	January 2014
Useful Life	15
Replacement Year	28-29
Remaining Life	7

Asset Actual Cost	$3,000.00
Percent Replacement	100%
Future Cost	$3,566.06

Swings - Tripod 2 Bay - 2028

1 Each

@ $3,600.00

Asset ID	1034
Playground
Placed in Service	January 2014
Useful Life	15
Replacement Year	28-29
Remaining Life	7

Asset Actual Cost	$3,600.00
Percent Replacement	100%
Future Cost	$4,279.27

Electrical Panels/Wiring

Asset ID	1079
Components Not Included Placed in Service	January 2017

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Fire Detection System

Asset ID	1014
Components Not Included Placed in Service	January 2014
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Message Board

Asset ID	1078
Components Not Included Placed in Service	January 2017
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Message Board continued...

Pool Furniture Full Replacement

Asset ID	1086
Components Not Included Placed in Service	June 2018
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Pumps/Equip Partial Replacement

Asset ID	1075
Components Not Included Placed in Service	January 2014
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Site Utilities

Asset ID	1085
Components Not Included Placed in Service	June 2018
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Coolers - Cabana

Asset ID	1063
Components Not Included Placed in Service	June 2018
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

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. We recommend Full Funding if possible to avoid deferred maintenance or special assessments. 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.
CREDENTIALS
Community Advisors, LLC provides capital reserve planning, property inspection, and construction oversight for a broad base of clients including CDD communities, Condominiums, Homeowner Associations, Churches, Private Schools, Time Shares, Active Adult, Municipal Utility Plants, Marinas, Historic Buildings & Museums and commercial investment properties.
Personal Service is our common business practice but our attention to detail, quick response and interest in client relationships continues to earn us a larger market share of work each year.
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 District 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.