1. No category

Sample HOA
Published on:
October 04, 2010
FY starting:
January 01, 2011
Expires on:
December 31, 2011
AM# CA-0000015
for the FY starting: January 01, 2011
expires: December 31, 2011
Sample HOA
# Units: 22
Year Constructed/Established: 2010
Association Type: Condominium
5511 View St.
Calabasas, CA 91302
Projected Reserve Balance: $12,700
Fully-Funded Reserve Balance: $67,045
Reserves
% Funded:
Reserve Contribution: $3,560.00/mo
Per Unit: $161.82/mo
18.9%
This Reserve Study...
Was based on a diligent, visual site inspection (after 4/1/2010)?
X Yes
No
Satisfies the 4-Part Test for Reserve Component identification by
including components:
- that are the maintenance responsibility of the association?
- with limited Useful Lives?
- with predictable Remaining Useful Lives?
- above a minimum threshold replacement cost?
X Yes
No
Is free of Special Assessments?
If not, Current Fiscal Year:
30-yr total:
X Yes
No
$0
$0
$0/Unit (average)
$0/Unit (average)
Uses a Component List and Funding plan provided by an
Independent, credentialed (RS or PRA) Reserve Professional?
Yes X No
X Yes
Was reviewed by a boardmember?
No
Preparer: Mr. Robert Shark | Board of Directors | Vice-President
Assistant: Mr. Wernher Von Braun | Enterprise Flight Services, Inc. | President
Reviewer: Ms. Becca Atkinson | Vice-President | Board of Directors
This Reserve Study was prepared by a representative of this Association-governed community using QuickReserves.com. The Association is the primary
beneficiary of the sale of this report. It contains data, information, and assumptions provided by the Preparer which have not been independently verified.
QuickReserves warrants the accuracy of the calculations, not the accuracy of the underlying data provided. A Reserve Study is by nature a prediction of
future events, based on assumptions and estimates of the Preparer at the time of publication. This report expires on the date indicated and should be
updated annually. The Reserve Study should not be used as a substitute for any kind of specific, professional advice where needed.
© 2010 QuickReserves
Reserve Study for Primo View
2 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year Beginning: 01/01/2011
Interest:
Year
Starting
Reserve
Balance
Fully
Funded
Balance
Percent
Funded
2011
$12,700
$67,045
18.9%
2012
$52,884
$98,872
2013
$91,065
$129,048
2014
$136,957
2015
2016
0.5 %
Inflation:
3%
Rating
Annual
Reserve
Contribs.
Loans or
Special
Assmts
Interest
Income
Projected
Reserve
Expenses
Weak
$42,720
$0
$164
$2,700
53.5%
Fair
$44,002
$0
$360
$6,180
70.6%
Strong
$45,322
$0
$570
$0
$167,501
81.8%
Strong
$46,681
$0
$796
$2,841
$181,593
$205,220
88.5%
Strong
$48,082
$0
$1,023
$3,039
$227,659
$244,934
92.9%
Strong
$49,524
$0
$1,265
$0
2017
$278,448
$290,071
96.0%
Strong
$51,010
$0
$1,505
$7,164
2018
$323,799
$330,316
98.0%
Strong
$52,540
$0
$1,754
$0
2019
$378,094
$380,316
99.4%
Strong
$54,116
$0
$2,014
$6,714
2020
$427,510
$426,103
100.3%
Strong
$55,740
$0
$2,282
$0
2021
$485,532
$481,418
100.9%
Strong
$57,412
$0
$2,577
$0
2022
$545,521
$539,668
101.1%
Strong
$59,422
$0
$2,862
$8,305
2023
$599,499
$592,425
101.2%
Strong
$61,501
$0
$3,149
$3,850
2024
$660,300
$652,708
101.2%
Strong
$63,654
$0
$3,453
$6,094
2025
$721,312
$713,882
101.0%
Strong
$65,882
$0
$3,780
$0
2026
$790,974
$784,604
100.8%
Strong
$68,188
$0
$4,135
$0
2027
$863,297
$858,927
100.5%
Strong
$70,574
$0
$4,468
$13,961
2028
$924,378
$922,624
100.2%
Strong
$73,044
$0
$4,816
$0
2029
$1,002,238
$1,004,180
99.8%
Strong
$75,601
$0
$5,092
$47,753
2030
$1,035,178
$1,040,614
99.5%
Strong
$78,247
$0
$5,384
$0
2031
$1,118,808
$1,128,991
99.1%
Strong
$80,985
$0
$5,798
$4,877
2032
$1,200,715
$1,216,712
98.7%
Strong
$83,820
$0
$6,199
$11,162
2033
$1,279,572
$1,302,356
98.3%
Strong
$86,754
$0
$6,630
$0
2034
$1,372,956
$1,403,886
97.8%
Strong
$89,790
$0
$5,891
$484,713
2035
$983,924
$1,011,081
97.3%
Strong
$92,933
$0
$5,150
$5,489
2036
$1,076,518
$1,102,023
97.7%
Strong
$96,185
$0
$5,636
$0
2037
$1,178,340
$1,203,335
97.9%
Strong
$99,552
$0
$6,122
$12,940
2038
$1,271,074
$1,296,405
98.0%
Strong
$103,036
$0
$6,628
$0
2039
$1,380,738
$1,407,705
98.1%
Strong
$106,642
$0
$4,025
$1,261,907
2040
$229,499
$224,752
102.1%
Strong
$110,375
$0
$1,427
$0
© 2010 QuickReserves
Reserve Study for Primo View
3 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Useful
Life
Rem.
Useful
Life
Current Cost
#
Component
Quantity
1
Asphalt - Resurface
Approx 16,200 Sq Ft
20
18
$20,250
2
Asphalt - Seal/Repair
Approx 16,200 Sq Ft
4
0
$2,700
3
Concrete Swales - 20% Repair
Approx 3050 Sq Ft
20
18
$5,200
4
Vinyl Railing - Replace
Approx 1920 Linear Ft
30
28
$98,500
5
Wood Surfaces - Repaint
Minimal total Sq Ft
5
3
$2,600
6
Vinyl Siding - Replace
Approx 57,800 Sq Ft
30
28
$361,500
7
Shingle Roof - Replace
Approx 36,300 Sq Ft
25
23
$199,500
8
Metal Seam Roof - Replace
Approx 6050 Sq Ft
30
28
$84,700
9
Gutters/Downspouts - Repair
Extensive Linear Ft
25
23
$22,000
10
Signage - Replace
(1) Molded sign
15
13
$1,550
11
Fountain Equipment - Replace
(1) Fountain Pump
5
1
$6,000
12
Pond Bed - Maintain
(1) Small Pond
25
23
$21,500
© 2010 QuickReserves
Reserve Study for Primo View
4 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Useful
Life
Rem.
Useful
Life
Current Cost
Fully
Funded
Balance
Current
Fund
Balance
Reserve
Contributions
20
18
$20,250
$2,025
$2,025
$113.90
4
0
$2,700
$2,700
$2,700
$75.93
#
Component
1
Asphalt - Resurface
2
Asphalt - Seal/Repair
3
Concrete Swales - 20% Repair
20
18
$5,200
$520
$520
$29.25
4
Vinyl Railing - Replace
30
28
$98,500
$6,567
$0
$369.34
5
Wood Surfaces - Repaint
5
3
$2,600
$1,040
$1,040
$58.49
6
Vinyl Siding - Replace
30
28
$361,500
$24,100
$0
$1,355.49
7
Shingle Roof - Replace
25
23
$199,500
$15,960
$1,408
$897.66
8
Metal Seam Roof - Replace
30
28
$84,700
$5,647
$0
$317.59
9
Gutters/Downspouts - Repair
25
23
$22,000
$1,760
$0
$98.99
10
Signage - Replace
15
13
$1,550
$207
$207
$11.62
11
Fountain Equipment - Replace
5
1
$6,000
$4,800
$4,800
$134.99
12
Pond Bed - Maintain
25
23
$21,500
$1,720
$0
$96.74
12
Total Funded Components
$67,045
$12,700
$3,560
© 2010 QuickReserves
Reserve Study for Primo View
5 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
2011
2012
2013
2014
2015
Starting Reserve Balance
$12,700
$52,884
$91,065
$136,957
$181,593
Annual Reserve Contribution
$42,720
$44,002
$45,322
$46,681
$48,082
$0
$0
$0
$0
$0
Planned Special Assessments
Interest Earnings
Total Income
$164
$360
$570
$796
$1,023
$55,584
$97,246
$136,957
$184,434
$230,698
$0
$0
$0
$0
$0
#
Component
1
Asphalt - Resurface
2
Asphalt - Seal/Repair
$2,700
$0
$0
$0
$3,039
3
Concrete Swales - 20% Repair
$0
$0
$0
$0
$0
4
Vinyl Railing - Replace
$0
$0
$0
$0
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$2,841
$0
6
Vinyl Siding - Replace
$0
$0
$0
$0
$0
7
Shingle Roof - Replace
$0
$0
$0
$0
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$0
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$0
$0
10
Signage - Replace
$0
$0
$0
$0
$0
11
Fountain Equipment - Replace
$0
$6,180
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$0
$0
$2,700
$6,180
$0
$2,841
$3,039
$52,884
$91,065
$136,957
$181,593
$227,659
Total Expenses
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
6 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
Starting Reserve Balance
Annual Reserve Contribution
Planned Special Assessments
Interest Earnings
Total Income
2016
2017
2018
2019
2020
$227,659
$278,448
$323,799
$378,094
$427,510
$49,524
$51,010
$52,540
$54,116
$55,740
$0
$0
$0
$0
$0
$1,265
$1,505
$1,754
$2,014
$2,282
$278,448
$330,963
$378,093
$434,224
$485,532
#
Component
1
Asphalt - Resurface
$0
$0
$0
$0
$0
2
Asphalt - Seal/Repair
$0
$0
$0
$3,420
$0
3
Concrete Swales - 20% Repair
$0
$0
$0
$0
$0
4
Vinyl Railing - Replace
$0
$0
$0
$0
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$3,294
$0
6
Vinyl Siding - Replace
$0
$0
$0
$0
$0
7
Shingle Roof - Replace
$0
$0
$0
$0
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$0
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$0
$0
10
Signage - Replace
$0
$0
$0
$0
$0
11
Fountain Equipment - Replace
$0
$7,164
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$0
$0
Total Expenses
$0
$7,164
$0
$6,714
$0
$278,448
$323,799
$378,094
$427,510
$485,532
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
7 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
Starting Reserve Balance
Annual Reserve Contribution
Planned Special Assessments
Interest Earnings
Total Income
2021
2022
2023
2024
2025
$485,532
$545,521
$599,499
$660,300
$721,312
$57,412
$59,422
$61,501
$63,654
$65,882
$0
$0
$0
$0
$0
$2,577
$2,862
$3,149
$3,453
$3,780
$545,521
$607,805
$664,149
$727,407
$790,974
#
Component
1
Asphalt - Resurface
$0
$0
$0
$0
$0
2
Asphalt - Seal/Repair
$0
$0
$3,850
$0
$0
3
Concrete Swales - 20% Repair
$0
$0
$0
$0
$0
4
Vinyl Railing - Replace
$0
$0
$0
$0
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$3,818
$0
6
Vinyl Siding - Replace
$0
$0
$0
$0
$0
7
Shingle Roof - Replace
$0
$0
$0
$0
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$0
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$0
$0
10
Signage - Replace
$0
$0
$0
$2,276
$0
11
Fountain Equipment - Replace
$0
$8,305
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$0
$0
Total Expenses
$0
$8,305
$3,850
$6,094
$0
$545,521
$599,499
$660,300
$721,312
$790,974
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
8 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
Starting Reserve Balance
Annual Reserve Contribution
Planned Special Assessments
Interest Earnings
Total Income
2026
2027
2028
2029
2030
$790,974
$863,297
$924,378
$1,002,238
$1,035,178
$68,188
$70,574
$73,044
$75,601
$78,247
$0
$0
$0
$0
$0
$4,135
$4,468
$4,816
$5,092
$5,384
$863,297
$938,339
$1,002,238
$1,082,931
$1,118,809
$34,474
$0
#
Component
1
Asphalt - Resurface
$0
$0
$0
2
Asphalt - Seal/Repair
$0
$4,333
$0
$0
$0
3
Concrete Swales - 20% Repair
$0
$0
$0
$8,853
$0
4
Vinyl Railing - Replace
$0
$0
$0
$0
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$4,426
$0
6
Vinyl Siding - Replace
$0
$0
$0
$0
$0
7
Shingle Roof - Replace
$0
$0
$0
$0
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$0
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$0
$0
10
Signage - Replace
$0
$0
$0
$0
$0
11
Fountain Equipment - Replace
$0
$9,628
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$0
$0
Total Expenses
$0
$13,961
$0
$47,753
$0
$863,297
$924,378
$1,002,238
$1,035,178
$1,118,808
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
9 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
Starting Reserve Balance
Annual Reserve Contribution
Planned Special Assessments
Interest Earnings
Total Income
2031
2032
2033
2034
2035
$1,118,808
$1,200,715
$1,279,572
$1,372,956
$983,924
$80,985
$83,820
$86,754
$89,790
$92,933
$0
$0
$0
$0
$0
$5,798
$6,199
$6,630
$5,891
$5,150
$1,205,591
$1,290,734
$1,372,956
$1,468,637
$1,082,007
$0
$0
$0
$0
$0
#
Component
1
Asphalt - Resurface
2
Asphalt - Seal/Repair
$4,877
$0
$0
$0
$5,489
3
Concrete Swales - 20% Repair
$0
$0
$0
$0
$0
4
Vinyl Railing - Replace
$0
$0
$0
$0
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$5,131
$0
6
Vinyl Siding - Replace
$0
$0
$0
$0
$0
7
Shingle Roof - Replace
$0
$0
$0
$393,731
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$0
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$43,419
$0
10
Signage - Replace
$0
$0
$0
$0
$0
11
Fountain Equipment - Replace
$0
$11,162
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$42,432
$0
$4,877
$11,162
$0
$484,713
$5,489
$1,200,715
$1,279,572
$1,372,956
$983,924
$1,076,518
Total Expenses
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
10 of 11
Published 10/04/2010
Expires 12/31/2011
AM# CA-0000015
Fiscal Year
Starting Reserve Balance
Annual Reserve Contribution
Planned Special Assessments
Interest Earnings
Total Income
2036
2037
2038
2039
2040
$1,076,518
$1,178,340
$1,271,074
$1,380,738
$229,499
$96,185
$99,552
$103,036
$106,642
$110,375
$0
$0
$0
$0
$0
$5,636
$6,122
$6,628
$4,025
$1,427
$1,178,339
$1,284,014
$1,380,738
$1,491,405
$341,301
#
Component
1
Asphalt - Resurface
$0
$0
$0
$0
$0
2
Asphalt - Seal/Repair
$0
$0
$0
$6,177
$0
3
Concrete Swales - 20% Repair
$0
$0
$0
$0
$0
4
Vinyl Railing - Replace
$0
$0
$0
$225,361
$0
5
Wood Surfaces - Repaint
$0
$0
$0
$5,949
$0
6
Vinyl Siding - Replace
$0
$0
$0
$827,086
$0
7
Shingle Roof - Replace
$0
$0
$0
$0
$0
8
Metal Seam Roof - Replace
$0
$0
$0
$193,787
$0
9
Gutters/Downspouts - Repair
$0
$0
$0
$0
$0
10
Signage - Replace
$0
$0
$0
$3,546
$0
11
Fountain Equipment - Replace
$0
$12,940
$0
$0
$0
12
Pond Bed - Maintain
$0
$0
$0
$0
$0
Total Expenses
$0
$12,940
$0
$1,261,906
$0
$1,178,340
$1,271,074
$1,380,738
$229,499
$341,300
Ending Reserve Balance
© 2010 QuickReserves
Reserve Study for Primo View
11 of 11
Published 10/04/2010
Expires 12/31/2011