Reserve Study Update
Ridgewood Trails Community Development District Clay County, Florida

Prepared for FY 2026 Report Date: July 6, 2026

July 6, 2026

Board of Supervisors
Governmental Management Services 475 West Town Place, Suite 114
St. Augustine Florida 32092
Re: Reserve Study Report for Ridgewood Trails Community Development District Dear Supervisors:
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
Funding Model Summary	1-1
Required Funding Model Projection	1-2
Required Funding Plan Chart	1-3
Current Funding Plan vs Required Funding Plan	1-4
CURRENT FUNDING PLAN
Current Funding Model Projection	2-1
Current Funding Plan Chart	2-2
CASH FLOW
Income & Expense Spreadsheet	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
Asset Current Cost by Category	4-12
COMPONENT INVENTORY
Component Inventory	5-1
Component Detail Index	5-4
Component Detail	5-7
DISCLOSURERS & INFORMATION
Special Notice	6-1
Methodology & Information	6-2
Terms of Service	6-3
Definitions	6-4

Cash Flow Funding Plan Summary of Calculations

Clay County, Florida

Report Parameters

2026 Beginning Balance

$310,630

Funding Model Summary

Report Date Account Number Version
Budget Year Beginning Budget Year Ending

July 6, 2026
2321
2
October 1, 2026
September 30, 2027

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

GENERAL INFORMATION
Date of Completion:	January 1, 2017
Date of site visit:	June 19, 2026
Components Included:	56
Current replacement cost:	$967,856
Level of Service:	Level II Update
Funding Method:	The Cash Flow Method
Funding Goal:	Adequate funding with moderate contributions
NOTES
The contributions budgeted for FY 2027 provide for component replacement over the term of this analysis. The required contributions provide adequate funding over the term of this analysis, which is a small decrease for FY 2027. Both funding plans provide adequate funding.

Required Annual Contribution	$72,493.91	
Average Net Annual Interest Earned	 $9,140.22	
Total Annual Allocation to Reserves	$81,634.13	

Required Funding Model Projection

Beginning Balance: $310,630
Projected
Year	Current Cost	Annual Contribution	Annual Interest	Annual Expenditures	Ending Reserves	
26-27	967,856	72,494	9,140	78,450	313,814	
27-28	996,892	73,944	11,169	15,449	383,478	
28-29	1,026,798	75,423	10,558	106,973	362,486	
29-30	1,057,602	76,931	8,147	167,843	279,722	
30-31	1,089,330	78,470	10,293	15,082	353,403	
31-32	1,122,010	80,039	12,064	31,300	414,206	
32-33	1,155,671	81,640	13,897	32,598	477,146	
33-34	1,190,341	83,273	14,765	68,265	506,918	
34-35	1,226,051	84,938	14,249	116,880	489,225	
35-36	1,262,832	86,637	16,689	19,570	572,981	
36-37	1,300,717	88,370	15,935	130,193	547,092	
37-38	1,339,739	90,137	18,572	18,147	637,654	
38-39	1,379,931	91,940	18,721	105,563	642,752	
39-40	1,421,329	93,779	20,716	45,994	711,252	
40-41	1,463,969	95,654	20,804	113,444	714,266	
41-42	1,507,888	97,567	17,176	239,304	589,705	
42-43	1,553,125	99,519	18,566	70,344	637,446	
43-44	1,599,718	101,509	14,803	245,511	508,247	
44-45	1,647,710	103,539	17,279	35,806	593,260	
45-46	1,697,141	105,610	19,688	42,610	675,948	
46-47	1,748,055	107,722	18,302	173,596	628,376	
47-48	1,800,497	109,877	16,920	174,246	580,927	
48-49	1,854,512	112,074	17,330	115,326	595,005	
49-50	1,910,147	114,316	16,143	171,228	554,235	
50-51	1,967,452	116,602	15,170	165,165	520,843	
51-52	2,026,475	118,934	13,424	192,298	460,903	
52-53	2,087,269	121,313	15,944	50,749	547,410	
53-54	2,149,888	123,739	7,639	416,505	262,283	
54-55	2,214,384	126,214	9,170	82,823	314,844	
55-56	2,280,816	128,738	8,005	176,742	274,845	

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.

Ridgewood Trails Community Development District Current Funding Model Projection

Beginning Balance: $310,630
Projected
Year	Current Cost	Annual Contribution	Annual Interest	Annual Expenditures	Ending Reserves	
26-27	967,856	73,856	9,181	78,450	315,217	
27-28	996,892	75,333	11,253	15,449	386,354	
28-29	1,026,798	76,840	10,687	106,973	366,908	
29-30	1,057,602	78,377	8,323	167,843	285,765	
30-31	1,089,330	79,944	10,519	15,082	361,146	
31-32	1,122,010	81,543	12,342	31,300	423,731	
32-33	1,155,671	83,174	14,229	32,598	488,536	
33-34	1,190,341	84,837	15,153	68,265	520,261	
34-35	1,226,051	86,534	14,697	116,880	504,613	
35-36	1,262,832	88,265	17,199	19,570	590,507	
36-37	1,300,717	90,030	16,510	130,193	566,854	
37-38	1,339,739	91,831	19,216	18,147	659,753	
38-39	1,379,931	93,667	19,436	105,563	667,293	
39-40	1,421,329	95,541	21,505	45,994	738,344	
40-41	1,463,969	97,451	21,671	113,444	744,022	
41-42	1,507,888	99,400	18,124	239,304	622,242	
42-43	1,553,125	101,388	19,599	70,344	672,886	
43-44	1,599,718	103,416	15,924	245,511	546,714	
44-45	1,647,710	105,485	18,492	35,806	634,885	
45-46	1,697,141	107,594	20,996	42,610	720,865	
46-47	1,748,055	109,746	19,710	173,596	676,726	
47-48	1,800,497	111,941	18,433	174,246	632,854	
48-49	1,854,512	114,180	18,951	115,326	650,658	
49-50	1,910,147	116,463	17,877	171,228	613,770	
50-51	1,967,452	118,793	17,022	165,165	584,421	
51-52	2,026,475	121,169	15,399	192,298	528,689	
52-53	2,087,269	123,592	18,046	50,749	619,578	
53-54	2,149,888	126,064	9,874	416,505	339,011	
54-55	2,214,384	128,585	11,543	82,823	396,317	
55-56	2,280,816	131,157	10,522	176,742	361,253	

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

	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36	
Beginning Balance	310,630	313,814	383,478	362,486	279,722	353,403	414,206	477,146	506,918	489,225	
Annual Assessment	72,494	73,944	75,423	76,931	78,470	80,039	81,640	83,273	84,938	86,637	
Interest Earned	9,140	11,169	10,558	8,147	10,293	12,064	13,897	14,765	14,249	16,689	
Expenditures	78,450	15,449	106,973	167,843	15,082	31,300	32,598	68,265	116,880	19,570	
Ending Balance	313,814	383,478	362,486	279,722	353,403	414,206	477,146	506,918	489,225	572,981	
Description
Site Components											
Asphalt Mill & Overlay - Parking Lot Phase II
Cluster Mailboxes - Green River											
Cluster Mailboxes - Packer Meadow Way
Cluster Mailboxes - Warm Springs Way											
Concrete Sidewalk Repair Allowance
Landscape & Irrigation Allowance	5,000			5,464		5,796					
Light Bollards
Light Pole (LED Fixtures) - Parking Lot											
Monument Sign Refurbishment Allowance	9,000										
Site Components Total:	14,000			5,464		5,796					
Storm Water System											
Asphalt Mill & Overlay - Parking Lot Phase I
Pond Fountain A	5,000							23,761	6,334		
Pond Fountain B
Stormwater Pond Allowance		5,150	15,913							6,524	
Storm Water System Total:	5,000	5,150	15,913					23,761	6,334	6,524	
Fencing & Gates											
Aluminum Fencing - Amenity
Aluminum Fencing - Playground Azalea Ridge Blvd											
Aluminum Fencing - Playground Bronco Road
Aluminum Fencing - Playground Warm Springs Way											
Aluminum Fencing - Pool
Vinyl Privacy Fence - Cherry Lane											
Fencing & Gates Total:											

26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36
Description

Building Components											
Cabinets/Tops - Clubhouse Addition
Restroom Renovation Allowance - Clubhouse						17,389					
Restroom Renovation Allowance - Cabana
Window & Door Allowance									19,002		
Building Components Total:						17,389			19,002		
Roofing											
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse								17,919			
Asphalt Shingles - Clubhouse Addition											
Roofing Total:								17,919			
Painting											
Exterior Painting - Cabana
Exterior Painting - Clubhouse	7,266	3,089							9,204	3,913	
Exterior Painting - Clubhouse Addition			4,278								
Painting Total:	7,266	3,089	4,278						9,204	3,913	
Flooring											
Flooring Allowance - Clubhouse Addition
Rubber Flooring - Fitness								11,807			
Flooring Total:								11,807			
Misc. Components											
Access Control/Camera Allowance
Fitness Equipment Allowance	4,000	4,120	4,244	4,371	4,502	4,637	4,776	4,919	5,067	5,219	
Metal Picnic Tables									60,805		
Pool Furniture Allowance (annual)	3,000	3,090	3,183	3,278	3,377	3,478	3,582	3,690	3,800	3,914	
Pool Umbrellas (2023)
Pool Umbrellas (2025)							14,926		12,668		
Misc. Components Total:	7,000	7,210	7,426	7,649	7,879	8,115	23,284	8,609	82,340	9,133	
HVAC											
Heat Pump - Clubhouse Addition					7,203						

26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36
Description

HVAC continued...		
Heat Pump- Fitness	6,400						
HVAC Total:	6,400			7,203			
Swim Pool - Phase I							
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance							
Pool Lift
Pool Resurfacing/Tile	38,784	7,214					
Swim Pool - Phase I Total:	38,784	7,214					
Swim Pool - Phase II							
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance							
Pool Lift
Pool Resurfacing			132,876		9,314		
Pool Slide & Tower Refurbishment Allowance			21,855				
Swim Pool - Phase II Total:			154,730		9,314		
Playground Azalea Rig							
Plastic Mulch Border
Play Equipment Allowance		68,958				6,169	
Site Furnishing Allowance		3,183					
Playground Azalea Rig Total:		72,141				6,169	
Playground Bronco							
Plastic Mulch Border
Play Equipment Allowance							
Shade Structure							
Playground Bronco Total:							
Playground Warm Sp							
Mulch Border
Play Equipment Allowance							
Playground Warm Sp Total:							

26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36
Description

Electrical Panels/Wiring Fire Detection System Message Board
Pool Furniture Full Replacement
Pool Pumps/Equip Partial Replacement Site Utilities
Water Coolers - Cabana

Not Included

Year Total:	78,450	15,449	106,973	167,843	15,082	31,300	32,598	68,265	116,880	19,570

	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46	
Beginning Balance	572,981	547,092	637,654	642,752	711,252	714,266	589,705	637,446	508,247	593,260	
Annual Assessment	88,370	90,137	91,940	93,779	95,654	97,567	99,519	101,509	103,539	105,610	
Interest Earned	15,935	18,572	18,721	20,716	20,804	17,176	18,566	14,803	17,279	19,688	
Expenditures	130,193	18,147	105,563	45,994	113,444	239,304	70,344	245,511	35,806	42,610	
Ending Balance	547,092	637,654	642,752	711,252	714,266	589,705	637,446	508,247	593,260	675,948	
Description
Site Components											
Asphalt Mill & Overlay - Parking Lot Phase II
Cluster Mailboxes - Green River				28,372							
Cluster Mailboxes - Packer Meadow Way
Cluster Mailboxes - Warm Springs Way											
Concrete Sidewalk Repair Allowance
Landscape & Irrigation Allowance	6,720			7,343		7,790					
Light Bollards
Light Pole (LED Fixtures) - Parking Lot											
Monument Sign Refurbishment Allowance	12,095										
Site Components Total:	18,815			35,715		7,790					
Storm Water System											
Asphalt Mill & Overlay - Parking Lot Phase I
Pond Fountain A							8,024				
Pond Fountain B								8,264			
Stormwater Pond Allowance								24,793			
Storm Water System Total:							8,024	33,057			
Fencing & Gates											
Aluminum Fencing - Amenity
Aluminum Fencing - Playground Azalea Ridge Blvd			14,252								
Aluminum Fencing - Playground Bronco Road
Aluminum Fencing - Playground Warm Springs Way											
Aluminum Fencing - Pool
Vinyl Privacy Fence - Cherry Lane							9,099			5,485	
Fencing & Gates Total:			14,252				9,099			5,485	

36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46
Description

Building Components											
Cabinets/Tops - Clubhouse Addition
Restroom Renovation Allowance - Clubhouse			4,848								
Restroom Renovation Allowance - Cabana
Window & Door Allowance											
Building Components Total:			4,848								
Roofing											
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse		8,458									
Asphalt Shingles - Clubhouse Addition			12,062								
Roofing Total:		8,458	12,062								
Painting											
Exterior Painting - Cabana
Exterior Painting - Clubhouse							11,660	4,957			
Exterior Painting - Clubhouse Addition	5,419								6,864		
Painting Total:	5,419						11,660	4,957	6,864		
Flooring											
Flooring Allowance - Clubhouse Addition
Rubber Flooring - Fitness	2,634										
Flooring Total:	2,634										
Misc. Components											
Access Control/Camera Allowance	6,720										
Fitness Equipment Allowance	5,376	5,537	5,703	5,874	6,050	6,232	6,419	6,611	6,810	7,014	
Metal Picnic Tables
Pool Furniture Allowance (annual)	4,032	4,153	4,277	4,406	4,538	4,674	4,814	4,959	5,107	5,261	
Pool Umbrellas (2023)
Pool Umbrellas (2025)							20,059		17,024		
Misc. Components Total:	16,127	9,690	9,980	10,280	10,588	10,906	31,292	11,570	28,941	12,275	
HVAC											
Heat Pump - Clubhouse Addition							10,270				

36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46
Description

HVAC continued...		
Heat Pump- Fitness		9,125						
HVAC Total:		9,125			10,270			
Swim Pool - Phase I								
Concrete Pavers - Pool Deck						30,974		
Filtration Refurbishment Allowance						41,321		
Pool Lift
Pool Resurfacing/Tile		55,297				11,239		
Swim Pool - Phase I Total:		55,297				83,534		
Swim Pool - Phase II								
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance								
Pool Lift
Pool Resurfacing				189,449				
Pool Slide & Tower Refurbishment Allowance				31,159				
Swim Pool - Phase II Total:				220,608				
Playground Azalea Rig								
Plastic Mulch Border
Play Equipment Allowance						107,435		
Site Furnishing Allowance						4,959		
Playground Azalea Rig Total:						112,394		
Playground Bronco								
Plastic Mulch Border
Play Equipment Allowance			102,856				8,718	
Shade Structure							16,132	
Playground Bronco Total:			102,856				24,851	
Playground Warm Sp								
Mulch Border	6,564							
Play Equipment Allowance	80,635							
Playground Warm Sp Total:	87,199							

36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46
Description

Electrical Panels/Wiring Fire Detection System Message Board
Pool Furniture Full Replacement
Pool Pumps/Equip Partial Replacement Site Utilities
Water Coolers - Cabana

Not Included

Year Total:	130,193	18,147	105,563	45,994	113,444	239,304	70,344	245,511	35,806	42,610

	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	55-56	
Beginning Balance	675,948	628,376	580,927	595,005	554,235	520,843	460,903	547,410	262,283	314,844	
Annual Assessment	107,722	109,877	112,074	114,316	116,602	118,934	121,313	123,739	126,214	128,738	
Interest Earned	18,302	16,920	17,330	16,143	15,170	13,424	15,944	7,639	9,170	8,005	
Expenditures	173,596	174,246	115,326	171,228	165,165	192,298	50,749	416,505	82,823	176,742	
Ending Balance	628,376	580,927	595,005	554,235	520,843	460,903	547,410	262,283	314,844	274,845	
Description
Site Components											
Asphalt Mill & Overlay - Parking Lot Phase II
Cluster Mailboxes - Green River	20,228										
Cluster Mailboxes - Packer Meadow Way	35,400										
Cluster Mailboxes - Warm Springs Way	30,343										
Concrete Sidewalk Repair Allowance
Landscape & Irrigation Allowance	9,031			9,868		10,469					
Light Bollards
Light Pole (LED Fixtures) - Parking Lot					34,151				29,285		
Monument Sign Refurbishment Allowance	16,255										
Site Components Total:	111,256			9,868	34,151	10,469			29,285		
Storm Water System											
Asphalt Mill & Overlay - Parking Lot Phase I
Pond Fountain A					10,164			42,915			
Pond Fountain B
Stormwater Pond Allowance						10,469					
Storm Water System Total:					10,164	10,469		42,915			
Fencing & Gates											
Aluminum Fencing - Amenity
Aluminum Fencing - Playground Azalea Ridge Blvd			60,526								
Aluminum Fencing - Playground Bronco Road
Aluminum Fencing - Playground Warm Springs Way	22,605			23,209							
Aluminum Fencing - Pool
Vinyl Privacy Fence - Cherry Lane											
Fencing & Gates Total:	22,605		60,526	23,209							

46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	55-56
Description

Building Components											
Cabinets/Tops - Clubhouse Addition
Restroom Renovation Allowance - Clubhouse	27,092										
Restroom Renovation Allowance - Cabana
Window & Door Allowance			22,993	29,604							
Building Components Total:	27,092		22,993	29,604							
Roofing											
Asphalt Shingles - Cabana
Asphalt Shingles - Clubhouse								32,364			
Asphalt Shingles - Clubhouse Addition											
Roofing Total:								32,364			
Painting											
Exterior Painting - Cabana
Exterior Painting - Clubhouse					14,770	6,279					
Exterior Painting - Clubhouse Addition							8,695				
Painting Total:					14,770	6,279	8,695				
Flooring											
Flooring Allowance - Clubhouse Addition
Rubber Flooring - Fitness			18,395			4,104					
Flooring Total:			18,395			4,104					
Misc. Components											
Access Control/Camera Allowance						10,469					
Fitness Equipment Allowance	7,224	7,441	7,664	7,894	8,131	8,375	8,626	8,885	9,152	9,426	
Metal Picnic Tables				94,732							
Pool Furniture Allowance (annual)	5,418	5,581	5,748	5,921	6,098	6,281	6,470	6,664	6,864	7,070	
Pool Umbrellas (2023)
Pool Umbrellas (2025)							26,957		22,879		
Misc. Components Total:	12,643	13,022	13,413	108,547	14,230	25,125	42,054	15,549	38,895	16,496	
HVAC											
Heat Pump - Clubhouse Addition									14,643		

46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	55-56
Description

HVAC continued...		
Heat Pump- Fitness		13,010					
HVAC Total:		13,010			14,643		
Swim Pool - Phase I							
Concrete Pavers - Pool Deck
Filtration Refurbishment Allowance							
Pool Lift
Pool Resurfacing/Tile		78,840					
Swim Pool - Phase I Total:		78,840					
Swim Pool - Phase II							
Concrete Pavers - Pool Deck	100,206						
Filtration Refurbishment Allowance	46,507						
Pool Lift
Pool Resurfacing	14,510			270,109			
Pool Slide & Tower Refurbishment Allowance				44,426			
Swim Pool - Phase II Total:	161,224			314,535			
Playground Azalea Rig							
Plastic Mulch Border
Play Equipment Allowance				11,142			
Site Furnishing Allowance							
Playground Azalea Rig Total:				11,142			
Playground Bronco							
Plastic Mulch Border
Play Equipment Allowance						160,246	
Shade Structure							
Playground Bronco Total:						160,246	
Playground Warm Sp							
Mulch Border			10,226				
Play Equipment Allowance			125,627				
Playground Warm Sp Total:			135,853				

46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	55-56
Description

Electrical Panels/Wiring Fire Detection System Message Board
Pool Furniture Full Replacement
Pool Pumps/Equip Partial Replacement Site Utilities
Water Coolers - Cabana

Not Included

Year Total:	173,596	174,246	115,326	171,228	165,165	192,298	50,749	416,505	82,823	176,742

Description	Expenditures

Replacement Year 26-27 Site Components
Landscape & Irrigation Allowance	5,000
Monument Sign Refurbishment Allowance	9,000
Storm Water System
Pond Fountain A	5,000
Painting
Exterior Painting - Clubhouse	7,266
Misc. Components
Fitness Equipment Allowance	4,000
Pool Furniture Allowance (annual)	3,000
HVAC
Heat Pump- Fitness	6,400
Swim Pool - Phase I
Pool Resurfacing/Tile	38,784

Total for 2026 - 2027	$78,450

Replacement Year 27-28 Storm Water System
Pond Fountain B	5,150
Painting
Exterior Painting - Cabana	3,089
Misc. Components
Fitness Equipment Allowance	4,120	
Pool Furniture Allowance (annual)	3,090	
Total for 2027 - 2028	$15,449	
Replacement Year 28-29		
Storm Water System
Stormwater Pond Allowance	
15,913	
Painting
Exterior Painting - Clubhouse Addition	4,278
Misc. Components
Fitness Equipment Allowance	4,244

Description	Expenditures

Replacement Year 28-29 continued...
Pool Furniture Allowance (annual)	3,183
Swim Pool - Phase I
Pool Lift	7,214
Playground Azalea Rig
Play Equipment Allowance	68,958	
Site Furnishing Allowance	3,183	
Total for 2028 - 2029	$106,973	
Replacement Year 29-30		
Site Components
Concrete Sidewalk Repair Allowance	
5,464	
Misc. Components
Fitness Equipment Allowance	4,371
Pool Furniture Allowance (annual)	3,278
Swim Pool - Phase II
Pool Resurfacing	132,876	
Pool Slide & Tower Refurbishment Allowance	21,855	
Total for 2029 - 2030	$167,843	
Replacement Year 30-31		
Misc. Components		
Fitness Equipment Allowance	4,502	
Pool Furniture Allowance (annual)	3,377	
HVAC	
Heat Pump - Clubhouse Addition	7,203	
Total for 2030 - 2031	$15,082	
Replacement Year 31-32		
Site Components		
Landscape & Irrigation Allowance	5,796	
Building Components
Restroom Renovation Allowance - Clubhouse	17,389
Misc. Components
Fitness Equipment Allowance	4,637

Description	Expenditures	
Replacement Year 31-32 continued...		
Pool Furniture Allowance (annual)	3,478	
Total for 2031 - 2032	
$31,300	
Replacement Year 32-33		
Misc. Components		
Fitness Equipment Allowance	4,776	
Pool Furniture Allowance (annual)	3,582	
Pool Umbrellas (2023)	14,926	
Swim Pool - Phase II	
Pool Lift	9,314	
Total for 2032 - 2033	$32,598	
Replacement Year 33-34		
Storm Water System		
Asphalt Mill & Overlay - Parking Lot Phase I	23,761	
Roofing
Asphalt Shingles - Clubhouse	17,919
Flooring
Flooring Allowance - Clubhouse Addition	11,807
Misc. Components
Fitness Equipment Allowance	4,919	
Pool Furniture Allowance (annual)	3,690	
Playground Azalea Rig
Plastic Mulch Border	
6,169	
Total for 2033 - 2034	$68,265	
Replacement Year 34-35		
Storm Water System
Pond Fountain A	
6,334	
Building Components
Restroom Renovation Allowance - Cabana	
19,002	
Painting
Exterior Painting - Clubhouse	9,204

Description	Expenditures	
Replacement Year 34-35 continued...		
Misc. Components
Fitness Equipment Allowance	
5,067	
Metal Picnic Tables	60,805	
Pool Furniture Allowance (annual)	3,800	
Pool Umbrellas (2025)	12,668	
Total for 2034 - 2035	
$116,880	
Replacement Year 35-36		
Storm Water System
Pond Fountain B	
6,524	
Painting
Exterior Painting - Cabana	3,913
Misc. Components
Fitness Equipment Allowance	5,219	
Pool Furniture Allowance (annual)	3,914	
Total for 2035 - 2036	$19,570	
Replacement Year 36-37		
Site Components
Landscape & Irrigation Allowance	
6,720	
Monument Sign Refurbishment Allowance	12,095	
Painting
Exterior Painting - Clubhouse Addition	5,419
Flooring
Rubber Flooring - Fitness	2,634
Misc. Components
Access Control/Camera Allowance	6,720	
Fitness Equipment Allowance	5,376	
Pool Furniture Allowance (annual)	4,032	
Playground Warm Sp
Mulch Border	
6,564	
Play Equipment Allowance	80,635	
Total for 2036 - 2037	$130,193	

Description	Expenditures

Replacement Year 37-38 Roofing
Asphalt Shingles - Cabana	8,458
Misc. Components
Fitness Equipment Allowance	5,537	
Pool Furniture Allowance (annual)	4,153	
Total for 2037 - 2038	$18,147	
Replacement Year 38-39		
Fencing & Gates
Aluminum Fencing - Playground Azalea Ridge Blvd	
14,252	
Building Components
Cabinets/Tops - Clubhouse Addition	4,848
Roofing
Asphalt Shingles - Clubhouse Addition	12,062
Misc. Components
Fitness Equipment Allowance	5,703
Pool Furniture Allowance (annual)	4,277
HVAC
Heat Pump- Fitness	9,125
Swim Pool - Phase I
Pool Resurfacing/Tile	55,297	
Total for 2038 - 2039	$105,563	
Replacement Year 39-40		
Site Components		
Asphalt Mill & Overlay - Parking Lot Phase II	28,372	
Concrete Sidewalk Repair Allowance	7,343	
Misc. Components	
Fitness Equipment Allowance	5,874	
Pool Furniture Allowance (annual)	4,406	
Total for 2039 - 2040	$45,994	
Replacement Year 40-41		
Misc. Components		
Fitness Equipment Allowance	6,050	

Description	Expenditures

Replacement Year 40-41 continued...
Pool Furniture Allowance (annual)	4,538
Playground Bronco
Play Equipment Allowance	102,856

Total for 2040 - 2041	$113,444

Replacement Year 41-42 Site Components
Landscape & Irrigation Allowance	7,790
Misc. Components
Fitness Equipment Allowance	6,232
Pool Furniture Allowance (annual)	4,674
Swim Pool - Phase II
Pool Resurfacing	189,449	
Pool Slide & Tower Refurbishment Allowance	31,159	
Total for 2041 - 2042	$239,304	
Replacement Year 42-43		
Storm Water System
Pond Fountain A	
8,024	
Fencing & Gates
Aluminum Fencing - Pool	9,099
Painting
Exterior Painting - Clubhouse	11,660
Misc. Components
Fitness Equipment Allowance	6,419	
Pool Furniture Allowance (annual)	4,814	
Pool Umbrellas (2023)	20,059	
HVAC	
Heat Pump - Clubhouse Addition	10,270	
Total for 2042 - 2043	$70,344	
Replacement Year 43-44		
Storm Water System		
Pond Fountain B	8,264	

Description	Expenditures

Replacement Year 43-44 continued...
Stormwater Pond Allowance	24,793
Painting
Exterior Painting - Cabana	4,957
Misc. Components
Fitness Equipment Allowance	6,611
Pool Furniture Allowance (annual)	4,959
Swim Pool - Phase I
Concrete Pavers - Pool Deck	30,974	
Filtration Refurbishment Allowance	41,321	
Pool Lift	11,239	
Playground Azalea Rig	
Play Equipment Allowance	107,435	
Site Furnishing Allowance	4,959	
Total for 2043 - 2044	$245,511	
Replacement Year 44-45		
Painting		
Exterior Painting - Clubhouse Addition	6,864	
Misc. Components	
Fitness Equipment Allowance	6,810	
Pool Furniture Allowance (annual)	5,107	
Pool Umbrellas (2025)	17,024	
Total for 2044 - 2045	$35,806	
Replacement Year 45-46		
Fencing & Gates		
Vinyl Privacy Fence - Cherry Lane	5,485	
Misc. Components
Fitness Equipment Allowance	7,014
Pool Furniture Allowance (annual)	5,261
Playground Bronco
Plastic Mulch Border	8,718
Shade Structure	16,132

Total for 2045 - 2046	$42,610

Description	Expenditures	
Replacement Year 46-47		
Site Components
Cluster Mailboxes - Green River	
20,228	
Cluster Mailboxes - Packer Meadow Way	35,400	
Cluster Mailboxes - Warm Springs Way	30,343	
Landscape & Irrigation Allowance	9,031	
Monument Sign Refurbishment Allowance	16,255	
Fencing & Gates
Aluminum Fencing - Playground Warm Springs Way	22,605
Building Components
Restroom Renovation Allowance - Clubhouse	27,092
Misc. Components
Fitness Equipment Allowance	7,224	
Pool Furniture Allowance (annual)	5,418	
Total for 2046 - 2047	$173,596	
Replacement Year 47-48		
Misc. Components		
Fitness Equipment Allowance	7,441	
Pool Furniture Allowance (annual)	5,581	
Swim Pool - Phase II	
Concrete Pavers - Pool Deck	100,206	
Filtration Refurbishment Allowance	46,507	
Pool Lift	14,510	
Total for 2047 - 2048	$174,246	
Replacement Year 48-49		
Fencing & Gates		
Aluminum Fencing - Amenity	60,526	
Building Components
Window & Door Allowance	22,993
Flooring
Flooring Allowance - Clubhouse Addition	18,395
Misc. Components
Fitness Equipment Allowance	7,664

Description	Expenditures	
Replacement Year 48-49 continued...
Pool Furniture Allowance (annual)	
5,748	
Total for 2048 - 2049	
$115,326	
Replacement Year 49-50		
Site Components
Concrete Sidewalk Repair Allowance	
9,868	
Fencing & Gates
Aluminum Fencing - Playground Bronco Road	23,209
Building Components
Restroom Renovation Allowance - Cabana	29,604
Misc. Components
Fitness Equipment Allowance	7,894	
Metal Picnic Tables	94,732	
Pool Furniture Allowance (annual)	5,921	
Total for 2049 - 2050	$171,228	
Replacement Year 50-51		
Site Components
Light Bollards	
34,151	
Storm Water System
Pond Fountain A	
10,164	
Painting
Exterior Painting - Clubhouse	14,770
Misc. Components
Fitness Equipment Allowance	8,131
Pool Furniture Allowance (annual)	6,098
HVAC
Heat Pump- Fitness	13,010
Swim Pool - Phase I
Pool Resurfacing/Tile	78,840	
Total for 2050 - 2051	$165,165	
Replacement Year 51-52		
Site Components
Landscape & Irrigation Allowance	
10,469	

Description	Expenditures

Replacement Year 51-52 continued...
Storm Water System
Pond Fountain B	10,469
Painting
Exterior Painting - Cabana	6,279
Flooring
Rubber Flooring - Fitness	4,104
Misc. Components
Access Control/Camera Allowance	10,469	
Fitness Equipment Allowance	8,375	
Pool Furniture Allowance (annual)	6,281	
Playground Warm Sp		
Mulch Border	10,226	
Play Equipment Allowance	125,627	
Total for 2051 - 2052	$192,298	
Replacement Year 52-53		
Painting		
Exterior Painting - Clubhouse Addition	8,695	
Misc. Components	
Fitness Equipment Allowance	8,626	
Pool Furniture Allowance (annual)	6,470	
Pool Umbrellas (2023)	26,957	
Total for 2052 - 2053	$50,749	
Replacement Year 53-54		
Storm Water System		
Asphalt Mill & Overlay - Parking Lot Phase I	42,915	
Roofing
Asphalt Shingles - Clubhouse	32,364
Misc. Components
Fitness Equipment Allowance	8,885
Pool Furniture Allowance (annual)	6,664
Swim Pool - Phase II
Pool Resurfacing	270,109

Description	Expenditures	
Replacement Year 53-54 continued...		
Pool Slide & Tower Refurbishment Allowance	44,426	
Playground Azalea Rig		
Plastic Mulch Border	11,142	
Total for 2053 - 2054	
$416,505	
Replacement Year 54-55		
Site Components		
Light Pole (LED Fixtures) - Parking Lot	29,285	
Misc. Components	
Fitness Equipment Allowance	9,152	
Pool Furniture Allowance (annual)	6,864	
Pool Umbrellas (2025)	22,879	
HVAC	
Heat Pump - Clubhouse Addition	14,643	
Total for 2054 - 2055	$82,823	
Replacement Year 55-56		
Misc. Components		
Fitness Equipment Allowance	9,426	
Pool Furniture Allowance (annual)	7,070	
Playground Bronco
Play Equipment Allowance	160,246

Total for 2055 - 2056	$176,742

Description		
Site Components
Asphalt Mill & Overlay - Parking Lot Phase	
II2020	
39-40	
20	
0	
13	
920 Square Yards	
21.00	
19,320	
Cluster Mailboxes - Green River	2017	46-47	30	0	20	4 Each	2,800.00	11,200	
Cluster Mailboxes - Packer Meadow Way	2017	46-47	30	0	20	7 Each	2,800.00	19,600	
Cluster Mailboxes - Warm Springs Way	2017	46-47	30	0	20	6 Each	2,800.00	16,800	
Concrete Sidewalk Repair Allowance	2017	29-30	10	3	3	1 Lump Sum	5,000.00	5,000	
Landscape & Irrigation Allowance	2017	26-27	5	2	0	1 Lump Sum	5,000.00	5,000	
Light Bollards	2025	50-51	25	0	24	8 Each	2,100.00	16,800	
Light Pole (LED Fixtures) - Parking Lot	2025	54-55	30	0	28	4 Each	3,200.00	12,800	
Monument Sign Refurbishment Allowance	2017	26-27	10	0	0	1 Lump Sum	9,000.00		9,000	
Site Components - Total								$115,520	
Storm Water System
Asphalt Mill & Overlay - Parking Lot Phase	
I 2014	
33-34	
20	
0	
7	
920 Square Yards	
21.00	
19,320	
Pond Fountain A	2017	26-27	8	0	0	1 Each	5,000.00	5,000	
Pond Fountain B	2020	27-28	8	0	1	1 Each	5,000.00	5,000	
Stormwater Pond Allowance	2014	28-29	15	0	2	1 Lump Sum	15,000.00	 15,000	
Storm Water System - Total								$44,320	
Fencing & Gates
Aluminum Fencing - Amenity	
2024	
48-49	
25	
0	
22	
596 Linear Feet	
53.00	
31,588	
Aluminum Fencing - Playground Azalea Rid.. 2014	38-39	25	0	12	238 Linear Feet	42.00	9,996	
Aluminum Fencing - Playground Bronco Road2025	49-50	25	0	23	280 Linear Feet	42.00	11,760	
Aluminum Fencing - Playground Warm Spri.. 2022	46-47	25	0	20	298 Linear Feet	42.00	12,516	
Aluminum Fencing - Pool	2018	42-43	25	0	16	135 Linear Feet	42.00	5,670	
Vinyl Privacy Fence - Cherry Lane	2021	45-46	25	0	19	46 Linear Feet	68.00	  3,128	
Fencing & Gates - Total							$74,658	
Building Components
Cabinets/Tops - Clubhouse Addition	
2019	
38-39	
20	
0	
12	
1 Lump Sum	
3,400.00	
3,400	
Restroom Renovation Allowance - Clubhouse2014	31-32	15	3	5	1 Lump Sum	15,000.00	15,000	
Restroom Renovation Allowance - Cabana	2018	34-35	15	2	8	1 Lump Sum	15,000.00	15,000	
Window & Door Allowance	2014	48-49	35	0	22	1 Lump Sum	12,000.00	 12,000	
Building Components - Total							$45,400	
Roofing
Asphalt Shingles - Cabana	2018	
37-38	
20	
0	
11	
13 Squares	
470.00	
6,110	
Asphalt Shingles - Clubhouse	2014	33-34	20	0	7	31 Squares	470.00	14,570	
Asphalt Shingles - Clubhouse Addition	2019	38-39	20	0	12	18 Squares	470.00	  8,460	
Roofing - Total							$29,140	
Painting
Exterior Painting - Cabana	2018	
27-28	
8	
2	
1	
1,428 Square Feet	
2.10	
2,999	
Exterior Painting - Clubhouse	2014	26-27	8	0	0	3,460 Square Feet	2.10	7,266	
Exterior Painting - Clubhouse Addition	2019	28-29	8	2	2	1,920 Square Feet	2.10	  4,032	
Painting - Total							$14,297	

Description		
Flooring
Flooring Allowance - Clubhouse Addition	2019	
33-34	
15	
0	
7	
1,600 Square Feet	
6.00	
9,600	
Rubber Flooring - Fitness	2022	36-37	15	0	10	49 Square Yards	40.00	  1,960	
Flooring - Total							$11,560	
Misc. Components
Access Control/Camera Allowance	2022	
36-37	
15	
0	
10	
1 Lump Sum	
5,000.00	
5,000	
Fitness Equipment Allowance	2018	26-27	1	0	0	1 Lump Sum	4,000.00	4,000	
Metal Picnic Tables	2020	34-35	15	0	8	24 Each	2,000.00	48,000	
Pool Furniture Allowance (annual)	2018	26-27	1	0	0	1 Lump Sum	3,000.00	3,000	
Pool Umbrellas (2023)	2023	32-33	10	0	6	5 Each	2,500.00	12,500	
Pool Umbrellas (2025)	2025	34-35	10	0	8	4 Each	2,500.00	 10,000	
Misc. Components - Total							$82,500	
HVAC
Heat Pump - Clubhouse Addition	2019	
30-31	
12	
0	
4	
4 Ton	
1,600.00	
6,400	
Heat Pump- Fitness	2014	26-27	12	0	0	4 Ton	1,600.00	  6,400	
HVAC - Total							$12,800	
Swim Pool - Phase I
Concrete Pavers - Pool Deck	2014	
43-44	
30	
0	
17	
2,015 Square Feet	
9.30	
18,739	
Filtration Refurbishment Allowance	2014	43-44	30	0	17	1 Lump Sum	25,000.00	25,000	
Pool Lift	2014	28-29	15	0	2	1 Each	6,800.00	6,800	
Pool Resurfacing/Tile	2014	26-27	12	0	0	1,212 Square Feet	32.00	 38,784	
Swim Pool - Phase I - Total							$89,323	
Swim Pool - Phase II
Concrete Pavers - Pool Deck	2018	
47-48	
30	
0	
21	
5,792 Square Feet	
9.30	
53,866	
Filtration Refurbishment Allowance	2018	47-48	30	0	21	1 Lump Sum	25,000.00	25,000	
Pool Lift	2018	32-33	15	0	6	1 Each	7,800.00	7,800	
Pool Resurfacing	2018	29-30	12	0	3	3,800 Square Feet	32.00	121,600	
Pool Slide & Tower Refurbishment Allowance2018	29-30	12	0	3	1 Lump Sum	20,000.00	  20,000	
Swim Pool - Phase II - Total							$228,266	
Playground Azalea Rig
Plastic Mulch Border	2014	
33-34	
20	
0	
7	
228 Linear Feet	
22.00	
5,016	
Play Equipment Allowance	2014	28-29	15	0	2	1 Lump Sum	65,000.00	65,000	
Site Furnishing Allowance	2014	28-29	15	0	2	1 Lump Sum	3,000.00	  3,000	
Playground Azalea Rig - Total							$73,016	
Playground Bronco
Plastic Mulch Border	2025	
45-46	
20	
0	
19	
226 Linear Feet	
22.00	
4,972	
Play Equipment Allowance	2025	40-41	15	0	14	1 Lump Sum	68,000.00	68,000	
Shade Structure	2025	45-46	20	0	19	1 Each	9,200.00	  9,200	
Playground Bronco - Total							$82,172	

Description

2022	36-37	15	0	10	222 Linear Feet	22.00	4,884	
2022	36-37	15	0	10	1 Lump Sum	60,000.00	 60,000	
							$64,884	

Playground Warm Sp
Mulch Border
Play Equipment Allowance Playground Warm Sp - Total

Not Included		
Electrical Panels/Wiring	Not Included	0.00	
Fire Detection System	Not Included	0.00	
Message Board	Not Included	0.00	
Pool Furniture Full Replacement	Not Included	0.00	
Pool Pumps/Equip Partial Replacement	Not Included	0.00	
Site Utilities	Not Included	0.00	
Water Coolers - Cabana	Not Included	0.00	
Not Included - Total			
Total Asset Summary	$967,856	

Asset IDDescription	Replacement	Page

Site Components	
1087	Asphalt Mill & Overlay - Parking Lot Phase II	39-40	5-7	
1094	Cluster Mailboxes - Green River	46-47	5-7	
1095	Cluster Mailboxes - Packer Meadow Way	46-47	5-8	
1096	Cluster Mailboxes - Warm Springs Way	46-47	5-8	
1104	Concrete Sidewalk Repair Allowance	29-30	5-8	
1074	Landscape & Irrigation Allowance	26-27	5-9	
1099	Light Bollards	50-51	5-9	
1068	Light Pole (LED Fixtures) - Parking Lot	54-55	5-9	
1003	Monument Sign Refurbishment Allowance	26-27	5-10	

Storm Water System	
1037	Asphalt Mill & Overlay - Parking Lot Phase I	33-34	5-12	
1100	Pond Fountain A	26-27	5-12	
1101	Pond Fountain B	27-28	5-13	
1049	Stormwater Pond Allowance	28-29	5-13	

Fencing & Gates	
1071	Aluminum Fencing - Amenity	48-49	5-14	
1067	Aluminum Fencing - Playground Azalea Ridge Blvd	38-39	5-14	
1088	Aluminum Fencing - Playground Bronco Road	49-50	5-15	
1089	Aluminum Fencing - Playground Warm Springs Way	46-47	5-16	
1006	Aluminum Fencing - Pool	42-43	5-17	
1103	Vinyl Privacy Fence - Cherry Lane	45-46	5-18	

Building Components	
1083	Cabinets/Tops - Clubhouse Addition	38-39	5-19	
1064	Restroom Renovation Allowance - Clubhouse	31-32	5-19	
1062	Restroom Renovation Allowance - Cabana	34-35	5-20	
1007	Window & Door Allowance	48-49	5-21	
Roofing				
1066	Asphalt Shingles - Cabana	37-38	5-23	
1001	Asphalt Shingles - Clubhouse	33-34	5-23	
1081	Asphalt Shingles - Clubhouse Addition	38-39	5-24	

Painting
1056	

Exterior Painting - Cabana	

27-28	

5-26	

Asset ID	Description	Replacement	Page	
Painting	Continued...			
1005	Exterior Painting - Clubhouse	26-27	5-26	
1080	Exterior Painting - Clubhouse Addition	28-29	5-27	

Flooring
1082	

Flooring Allowance - Clubhouse Addition	

33-34	

5-29	
1031	Rubber Flooring - Fitness	36-37	5-29	

Misc. Components	
1012	Access Control/Camera Allowance	36-37	5-31	
1032	Fitness Equipment Allowance	26-27	5-31	
1102	Metal Picnic Tables	34-35	5-32	
1021	Pool Furniture Allowance (annual)	26-27	5-32	
1105	Pool Umbrellas (2023)	32-33	5-33	
1106	Pool Umbrellas (2025)	34-35	5-33	
HVAC				
1084	Heat Pump - Clubhouse Addition	30-31	5-34	
1011	Heat Pump- Fitness	26-27	5-34	

Swim Pool - Phase I	
1019	Concrete Pavers - Pool Deck	43-44	5-36	
1076	Filtration Refurbishment Allowance	43-44	5-36	
1065	Pool Lift	28-29	5-37	
1029	Pool Resurfacing/Tile	26-27	5-37	

Swim Pool - Phase II	
1057	Concrete Pavers - Pool Deck	47-48	5-39	
1077	Filtration Refurbishment Allowance	47-48	5-39	
1028	Pool Lift	32-33	5-40	
1060	Pool Resurfacing	29-30	5-40	
1061	Pool Slide & Tower Refurbishment Allowance	29-30	5-41	

Playground Azalea Rig	
1033	Plastic Mulch Border	33-34	5-43	
1035	Play Equipment Allowance	28-29	5-43	
1069	Site Furnishing Allowance	28-29	5-44	

Asset IDDescription	Replacement	Page

Playground Bronco	
1090	Plastic Mulch Border	45-46	5-45	
1091	Play Equipment Allowance	40-41	5-45	
1093	Shade Structure	45-46	5-45	

Playground Warm Sp	
1098	Mulch Border	36-37	5-46	
1097	Play Equipment Allowance	36-37	5-46	

Not Included	
Electrical Panels/Wiring	26-27	5-48	
Fire Detection System	26-27	5-48	
Message Board	26-27	5-48	
Pool Furniture Full Replacement	26-27	5-48	
Pool Pumps/Equip Partial Replacement	26-27	5-49	
Site Utilities	26-27	5-49	
Water Coolers - Cabana	26-27	5-49	

Total Funded Assets	
56	
Total Unfunded Assets	 0	
Total Assets	56	

Cluster Mailboxes - Green River - 2046

4 Each

@ $2,800.00

Asphalt Mill & Overlay - Parking Lot Phase II - 2039

	920 Square Yards	@ $21.00	
Asset ID	1087	Asset Actual Cost	$19,320.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$28,372.07	
Placed in Service	January 2020			
Useful Life	20			
Replacement Year	39-40			
Remaining Life	13			

Asset ID	1094	Asset Actual Cost	$11,200.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$20,228.44	
Placed in Service	January 2017			
Useful Life	30			
Replacement Year	46-47			
Remaining Life	20			

Cluster Mailboxes - Packer Meadow Way - 2046

Asset ID	1095	7 Each
Asset Actual Cost	@ $2,800.00
$19,600.00	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Site Components January 2017
30	Future Cost	$35,399.78	
Replacement Year	46-47			
Remaining Life	20			
Cluster Mailboxes - Warm Springs Way - 2046	

Asset ID	
1096	6 Each Asset Actual Cost	@ $2,800.00
$16,800.00	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Site Components January 2017
30	Future Cost	$30,342.67	
Replacement Year	46-47			
Remaining Life	20			

Concrete Sidewalk Repair Allowance - 2029

	1 Lump Sum	@ $5,000.00	
Asset ID	1104	Asset Actual Cost	$5,000.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$5,463.63	
Placed in Service	January 2017			
Useful Life	10			
Adjustment	3			
Replacement Year	29-30			
Remaining Life	3			

Landscape & Irrigation Allowance - 2026

	1 Lump Sum	@ $5,000.00	
Asset ID	1074	Asset Actual Cost	$5,000.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$5,000.00	
Placed in Service	January 2017			
Useful Life	5			
Adjustment	2			
Replacement Year	26-27			
Remaining Life	0			

Light Bollards - 2050

Asset ID	1099

8 Each	@ $2,100.00 Asset Actual Cost		$16,800.00

	Percent Replacement	100%	
Category Placed in Service
Useful Life	Site Components November 2025
25	Future Cost	$34,150.94	
Replacement Year	50-51			
Remaining Life	24			
Light Pole (LED Fixtures) - Parking Lot - 2054	

Asset ID	
1068	4 Each Asset Actual Cost	@ $3,200.00
$12,800.00	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Site Components
May 2025
30	Future Cost	$29,285.47	
Replacement Year	54-55			
Remaining Life	28			

Light Pole (LED Fixtures) - Parking Lot continued...

Monument Sign Refurbishment Allowance - 2026

		1 Lump Sum	@ $9,000.00	
Asset ID	1003	Asset Actual Cost	$9,000.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$9,000.00	
Placed in Service	January 2017			
Useful Life	10			
Replacement Year	26-27			
Remaining Life	0			

Monument Sign Refurbishment Allowance continued...

Pond Fountain A - 2026

1 Each

@ $5,000.00

Asphalt Mill & Overlay - Parking Lot Phase I - 2033

	920 Square Yards	@ $21.00	
Asset ID	1037	Asset Actual Cost	$19,320.00	
	(null)	Percent Replacement	100%	
Category	Storm Water System	Future Cost	$23,761.16	
Placed in Service	January 2014			
Useful Life	20			
Replacement Year	33-34			
Remaining Life	7			

Asset ID	1100	Asset Actual Cost	$5,000.00	
		Percent Replacement	100%	
Category	Storm Water System	Future Cost	$5,000.00	
Placed in Service	January 2017			
Useful Life	8			
Replacement Year	26-27			
Remaining Life	0			

Asset ID	1101	Asset Actual Cost	$5,000.00	
		Percent Replacement	100%	
Category	Storm Water System	Future Cost	$5,150.00	
Placed in Service	January 2020			
Useful Life	8			
Replacement Year	27-28			
Remaining Life	1			

Stormwater Pond Allowance - 2028

Pond Fountain B - 2027

1 Each

@ $5,000.00

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

1 Lump Sum	 @ $15,000.00 Asset Actual Cost	$15,000.00 Percent Replacement		100%
Future Cost	$15,913.50

Aluminum Fencing - Amenity - 2048

		596 Linear Feet	@ $53.00	
Asset ID	1071	Asset Actual Cost	$31,588.00	
		Percent Replacement	100%	
Category	Fencing & Gates	Future Cost	$60,525.87	
Placed in Service	May 2024			
Useful Life	25			
Replacement Year	48-49			
Remaining Life	22			

Aluminum Fencing - Playground Azalea Ridge Blvd - 2038

	238 Linear Feet	@ $42.00	
Asset ID	1067	Asset Actual Cost	$9,996.00	
		Percent Replacement	100%	
Category	Fencing & Gates	Future Cost	$14,251.91	
Placed in Service	January 2014			
Useful Life	25			
Replacement Year	38-39			
Remaining Life	12			

Aluminum Fencing - Playground Azalea Ridge Blvd continued...

Aluminum Fencing - Playground Bronco Road - 2049

		280 Linear Feet	@ $42.00	
Asset ID	1088	Asset Actual Cost	$11,760.00	
		Percent Replacement	100%	
Category	Fencing & Gates	Future Cost	$23,209.38	
Placed in Service	January 2025			
Useful Life	25			
Replacement Year	49-50			
Remaining Life	23			

Aluminum Fencing - Playground Bronco Road continued...

Aluminum Fencing - Playground Warm Springs Way - 2046

		298 Linear Feet	@ $42.00	
Asset ID	1089	Asset Actual Cost	$12,516.00	
		Percent Replacement	100%	
Category	Fencing & Gates	Future Cost	$22,605.29	
Placed in Service	June 2022			
Useful Life	25			
Replacement Year	46-47			
Remaining Life	20			

Aluminum Fencing - Playground Warm Springs Way continued...

Aluminum Fencing - Pool - 2042

135 Linear Feet

@ $42.00

Asset ID	1006
Category	Fencing & Gates
Placed in Service	January 2018
Useful Life	25
Replacement Year	42-43
Remaining Life	16

Asset Actual Cost	$5,670.00
Percent Replacement	100%
Future Cost	$9,098.68

Aluminum Fencing - Pool continued...

Vinyl Privacy Fence - Cherry Lane - 2045

	46 Linear Feet	@ $68.00	
Asset ID	1103	Asset Actual Cost	$3,128.00	
		Percent Replacement	100%	
Category	Fencing & Gates	Future Cost	$5,484.97	
Placed in Service	May 2021			
Useful Life	25			
Replacement Year	45-46			
Remaining Life	19			

Cabinets/Tops - Clubhouse Addition - 2038

Asset ID	1083
Category Building Components Placed in Service	January 2019
Useful Life	20
Replacement Year	38-39
Remaining Life	12

1 Lump Sum	@ $3,400.00 Asset Actual Cost		$3,400.00
Percent Replacement	100%
Future Cost	$4,847.59

Restroom Renovation Allowance - Clubhouse - 2031

		1 Lump Sum	@ $15,000.00	
Asset ID	1064	Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$17,389.11	
Placed in Service	January 2014			
Useful Life	15			
Adjustment	3			
Replacement Year	31-32			
Remaining Life	5			

Restroom Renovation Allowance - Clubhouse continued...

Restroom Renovation Allowance - Cabana - 2034

		1 Lump Sum	@ $15,000.00	
Asset ID	1062	Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$19,001.55	
Placed in Service	June 2018			
Useful Life	15			
Adjustment	2			
Replacement Year	34-35			
Remaining Life	8			

Restroom Renovation Allowance - Cabana continued...

Window & Door Allowance - 2048

		1 Lump Sum	@ $12,000.00	
Asset ID	1007	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$22,993.24	
Placed in Service	January 2014			
Useful Life	35			
Replacement Year	48-49			
Remaining Life	22			

Window & Door Allowance continued...

Asphalt Shingles - Cabana - 2037

13 Squares

@ $470.00

Asset ID	1066
Category	Roofing
Placed in Service	April 2018
Useful Life	20
Replacement Year	37-38
Remaining Life	11

Asset Actual Cost	$6,110.00
Percent Replacement	100%
Future Cost	$8,457.67

Asphalt Shingles - Clubhouse - 2033

31 Squares

@ $470.00

Asset ID	1001	Asset Actual Cost	$14,570.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$17,919.26	
Placed in Service	January 2014			
Useful Life	20			
Replacement Year	33-34			
Remaining Life	7			

Asphalt Shingles - Clubhouse continued...

Asphalt Shingles - Clubhouse Addition - 2038

		18 Squares	@ $470.00	
Asset ID	1081	Asset Actual Cost	$8,460.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$12,061.94	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	12			

Asphalt Shingles - Clubhouse Addition continued...

Exterior Painting - Cabana - 2027

1,428 Square Feet

@ $2.10

Asset ID	1056
Category	Painting
Placed in Service	April 2018
Useful Life	8
Adjustment	2
Replacement Year	27-28
Remaining Life	1

Asset Actual Cost	$2,998.80
Percent Replacement	100%
Future Cost	$3,088.76

Exterior Painting - Clubhouse - 2026

Asset ID	1005
Category	Painting
Placed in Service	January 2014
Useful Life	8
Replacement Year	26-27
Remaining Life	0

3,460 Square Feet	@ $2.10
Asset Actual Cost	$7,266.00
Percent Replacement	100%
Future Cost	$7,266.00

Exterior Painting - Clubhouse continued...

Exterior Painting - Clubhouse Addition - 2028

	1,920 Square Feet	@ $2.10	
Asset ID	1080	Asset Actual Cost	$4,032.00	
		Percent Replacement	100%	
Category	Painting	Future Cost	$4,277.55	
Placed in Service	January 2019			
Useful Life	8			
Adjustment	2			
Replacement Year	28-29			
Remaining Life	2			

Exterior Painting - Clubhouse Addition continued...

Flooring Allowance - Clubhouse Addition - 2033

	1,600 Square Feet	@ $6.00	
Asset ID	1082	Asset Actual Cost	$9,600.00	
		Percent Replacement	100%	
Category	Flooring	Future Cost	$11,806.79	
Placed in Service	January 2019			
Useful Life	15			
Replacement Year	33-34			
Remaining Life	7			

Rubber Flooring - Fitness - 2036

Asset ID	1031
Category		Flooring Placed in Service	September 2022 Useful Life			15
Replacement Year	36-37
Remaining Life	10

49 Square Yards	@ $40.00
Asset Actual Cost	$1,960.00
Percent Replacement	100%
Future Cost	$2,634.08

Rubber Flooring - Fitness continued...

Access Control/Camera Allowance - 2036

Asset ID	1012	1 Lump Sum
Asset Actual Cost	@ $5,000.00
$5,000.00	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Misc. Components
May 2022
15	Future Cost	$6,719.58	
Replacement Year	36-37			
Remaining Life	10			
Fitness Equipment Allowance - 2026	

Asset ID	
1032	1 Lump Sum Asset Actual Cost	@ $4,000.00
$4,000.00	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Misc. Components September 2018
1	Future Cost	$4,000.00	
Replacement Year	26-27			
Remaining Life	0			

Metal Picnic Tables - 2034

24 Each

@ $2,000.00

Asset ID	1102
Category	Misc. Components Placed in Service		January 2020
Useful Life	15
Replacement Year	34-35
Remaining Life	8

Asset Actual Cost	$48,000.00
Percent Replacement	100%
Future Cost	$60,804.96

Pool Furniture Allowance (annual) - 2026

		1 Lump Sum	@ $3,000.00	
Asset ID	1021	Asset Actual Cost	$3,000.00	
		Percent Replacement	100%	
Category	Misc. Components	Future Cost	$3,000.00	
Placed in Service	January 2018			
Useful Life	1			
Replacement Year	26-27			
Remaining Life	0			

Pool Umbrellas (2023) - 2032

5 Each

@ $2,500.00

Asset ID	1105
Category	Misc. Components Placed in Service		May 2023
Useful Life	10
Replacement Year	32-33
Remaining Life	6

Asset Actual Cost	$12,500.00
Percent Replacement	100%
Future Cost	$14,925.65

Pool Umbrellas (2025) - 2034

4 Each

@ $2,500.00

Asset ID	1106
Category	Misc. Components Placed in Service		January 2025
Useful Life	10
Replacement Year	34-35
Remaining Life	8

Asset Actual Cost	$10,000.00
Percent Replacement	100%
Future Cost	$12,667.70

Heat Pump - Clubhouse Addition - 2030

4 Ton

@ $1,600.00

Asset ID	1084	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
Category	HVAC	Future Cost	$7,203.26	
Placed in Service	January 2019			
Useful Life	12			
Replacement Year	30-31			
Remaining Life	4			

Heat Pump- Fitness - 2026

4 Ton

@ $1,600.00

Asset ID	1011	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
Category	HVAC	Future Cost	$6,400.00	
Placed in Service	January 2014			
Useful Life	12			
Replacement Year	26-27			
Remaining Life	0			

Heat Pump- Fitness continued...

Concrete Pavers - Pool Deck - 2043

Asset ID	1019
Category	Swim Pool - Phase I Placed in Service		January 2014
Useful Life	30
Replacement Year	43-44
Remaining Life	17

2,015 Square Feet		@ $9.30 Asset Actual Cost	$18,739.50 Percent Replacement			100%
Future Cost	$30,973.54

Filtration Refurbishment Allowance - 2043

	1 Lump Sum	@ $25,000.00	
Asset ID	1076	Asset Actual Cost	$25,000.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase I	Future Cost	$41,321.19	
Placed in Service	January 2014			
Useful Life	30			
Replacement Year	43-44			
Remaining Life	17			

Pool Lift - 2028		1 Each	@ $6,800.00	
Asset ID	1065	Asset Actual Cost	$6,800.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase I	Future Cost	$7,214.12	
Placed in Service	January 2014			
Useful Life	15			
Replacement Year	28-29			
Remaining Life	2			

Pool Resurfacing/Tile - 2026

1,212 Square Feet

@ $32.00

Asset ID	1029
Category	Swim Pool - Phase I Placed in Service		January 2014
Useful Life	12
Replacement Year	26-27
Remaining Life	0

Asset Actual Cost	$38,784.00
Percent Replacement	100%
Future Cost	$38,784.00

Pool Resurfacing/Tile continued...

Concrete Pavers - Pool Deck - 2047

Asset ID	1057
Category	Swim Pool - Phase II Placed in Service		April 2018
Useful Life	30
Replacement Year	47-48
Remaining Life	21

5,792 Square Feet		@ $9.30 Asset Actual Cost	$53,865.60 Percent Replacement			100% Future Cost	$100,205.88

Filtration Refurbishment Allowance - 2047

	1 Lump Sum	@ $25,000.00	
Asset ID	1077	Asset Actual Cost	$25,000.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase II	Future Cost	$46,507.36	
Placed in Service	June 2018			
Useful Life	30			
Replacement Year	47-48			
Remaining Life	21			

Pool Resurfacing - 2029

3,800 Square Feet

@ $32.00

Pool Lift - 2032		1 Each	@ $7,800.00	
Asset ID	1028	Asset Actual Cost	$7,800.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase II	Future Cost	$9,313.61	
Placed in Service	June 2018			
Useful Life	15			
Replacement Year	32-33			
Remaining Life	6			

Asset ID	1060	Asset Actual Cost	$121,600.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase II	Future Cost	$132,875.60	
Placed in Service	June 2018			
Useful Life	12			
Replacement Year	29-30			
Remaining Life	3			

Pool Resurfacing continued...

Pool Slide & Tower Refurbishment Allowance - 2029

		1 Lump Sum	@ $20,000.00	
Asset ID	1061	Asset Actual Cost	$20,000.00	
		Percent Replacement	100%	
Category	Swim Pool - Phase II	Future Cost	$21,854.54	
Placed in Service	June 2018			
Useful Life	12			
Replacement Year	29-30			
Remaining Life	3			

Pool Slide & Tower Refurbishment Allowance continued...

Plastic Mulch Border - 2033

228 Linear Feet

@ $22.00

Asset ID	1033	Asset Actual Cost	$5,016.00
	Percent Replacement	100%	
Category Playground	Azalea Rig	Future Cost	$6,169.05	
Placed in Service	January 2014	
Useful Life	20	
Replacement Year	33-34	
Remaining Life	7	

Play Equipment Allowance - 2028

1 Lump Sum	@ $65,000.00

Asset ID	1035
Category Playground Azalea Rig Placed in Service	January 2014
Useful Life	15
Replacement Year	28-29
Remaining Life	2

Asset Actual Cost	$65,000.00
Percent Replacement	100%
Future Cost	$68,958.50

Site Furnishing Allowance - 2028

1 Lump Sum

@ $3,000.00

	Percent Replacement	100%	
Category Playground	Azalea Rig	Future Cost	$3,182.70	
Placed in Service	January 2014	
Useful Life	15	
Replacement Year	28-29	
Remaining Life	2	

Asset ID	1069	Asset Actual Cost	$3,000.00

Plastic Mulch Border - 2045

226 Linear Feet

@ $22.00

Asset ID	1090
Category	Playground Bronco Placed in Service		November 2025 Useful Life			20
Replacement Year	45-46
Remaining Life	19

Asset Actual Cost	$4,972.00
Percent Replacement	100%
Future Cost	$8,718.43

Play Equipment Allowance - 2040

1 Lump Sum	@ $68,000.00

Asset ID	1091
Category	Playground Bronco Placed in Service		November 2025 Useful Life			15
Replacement Year	40-41
Remaining Life	14

Asset Actual Cost	$68,000.00
Percent Replacement		100% Future Cost	$102,856.10

Shade Structure - 2045

1 Each

@ $9,200.00

Asset ID	1093
Category	Playground Bronco Placed in Service		November 2025 Useful Life			20
Replacement Year	45-46
Remaining Life	19

Asset Actual Cost	$9,200.00
Percent Replacement	100%
Future Cost	$16,132.25

Mulch Border - 2036
Asset ID	1098
Category Playground Warm Sp Placed in Service	June 2022
Useful Life	15
Replacement Year	36-37
Remaining Life	10

222 Linear Feet	@ $22.00
Asset Actual Cost	$4,884.00
Percent Replacement	100%
Future Cost	$6,563.69

Play Equipment Allowance - 2036

1 Lump Sum	@ $60,000.00

Asset ID	1097
Category Playground Warm Sp Placed in Service	June 2022
Useful Life	15
Replacement Year	36-37
Remaining Life	10

Asset Actual Cost	$60,000.00
Percent Replacement	100%
Future Cost	$80,634.98

Play Equipment Allowance continued...

Electrical Panels/Wiring

Asset ID

Category	Not Included
Placed in Service	January 2017 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Fire Detection System

Asset ID

Category	Not Included
Placed in Service	January 2014 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Message Board

Asset ID

Category	Not Included
Placed in Service	January 2017 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Pool Furniture Full Replacement

Asset ID

Category	Not Included
Placed in Service	June 2018 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Pool Pumps/Equip Partial Replacement

Asset ID

Category	Not Included
Placed in Service	January 2014 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Site Utilities

Asset ID

Category	Not Included
Placed in Service	June 2018 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

Water Coolers - Cabana

Asset ID

Category	Not Included
Placed in Service	June 2018 No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not Included

SPECIAL NOTICE
THIS RESERVE ANALYLSIS INCLUDED A VISUAL OBSERVATION OF MAJOR COMPONENTS FOR YOUR PROPERTY. NO DISTRUCTIVE 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.

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.
Components must be 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. 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.
The 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 structures 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 serve as a budgeting tool. This reserve study reflects the information provided by this client and is not for the purpose 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. Reserving 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 conditions 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. 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 to produce 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 the 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 of 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.