RESERVE STUDY BY TROWER
Sample Homeowners Association
Report Completed: May 30, 2010
Summary
Financial Analysis
Reserve Summary
Evaluation of Components
General Information and Limitations
Definitions
Phone: 858-638-9227
Fax: 858-638-9226
e-mail: [email protected]
www.reservestudies.com
SUMMARY
This study generates reserve funding recommendations to the Board of Directors
based on the actual balance, projected expenditures and income.
Data gathered through conversations with Mr. Rick Property, vendors and a site
inspection on February 22, 2010.
The Sample Homeowners Association, located in San Diego, CA, has 64 units and
was completed in 1989. This development is 21 years old. The association is
responsible for sustaining all common areas as described within.
FINANCIAL ANALYSIS:
(Recommended Allocation in Dashed Box)
Per Year
Per Month
Per Unit
Per Month
ALLOCAT ION BUDGET ED IN 2010
36,000
3,000.00
46.88
RECOMMENDED ALLOCAT ION IN 2011
37,056
3,088.00
48.25
47,509
3,959.08
(WITHOUT DEFICIT REDUCTION)
RECOMMENDED ALLOCAT ION IN 2011
61.86
(WITH DEFICIT REDUCTION)
Recommended Annual Allocation plus any underfunded balance divided by the years
re m aining until r e place m e nt of each com pone nt.
2010 Assessment and Reserve Funding Disclosure Summary
PERCENT AGE OF ACTUAL CASH AT FISCAL YEAR END VERSUS
RECOMMENDED CASH AT FISCAL YEAR END IS:
44%
Civil Code 1365.2.5. Assessment and Reserve Funding Disclosure Summary
California Civil Code section 1365.2.5 requires that this Assessment and Reserve Funding Disclosure
Summary be distributed to all owners not less than thirty (30) days nor more than forty-five (45) days
prior to the beginning of the Association's fiscal year. The summary is to be provided with, and
accompany, the Association's pro forma Operating Budget or Summary therof that is delivered to all
owners persuant to California Civil Code section 1365.
(1) The current regular assessment per ownership interest is $46.88 per unit, per month, into reserves in
fiscal year ending 12/31/10
Note: Fractional responsibility is not calculated in this study. If assessments vary by the size or type of ownership interest, the
assessment applicable to this ownership interest will need to be determined.
(2) Additional regular or special assessments that have already been scheduled to be imposed or
charged, regardless of the purpose, if they have been approved by the Board and/or members: N/A
(3) Based upon the most recent reserve study and other information available to the Board of Directors,
will currently projected reserve allocations and account balances be sufficient at the end of each year to
meet the Association's obligation for repair and/or replacement of major components during the next 30
years:
Yes
No X
This question cannot at this time be answered as a definitive “yes” or “no”. Reserve Studies prepared by TROWER utilize estimates of
replacementvalue and life expectancyof the components which the Association is obligatedto maintain. However, some items may last
a longer or shorter time than estimated, or unanticipated events or disasters may occur which affect the reserve funds. Thus, the
replacement costs and life expectancy will vary from the reserve study being performed, by inflation, weather, earthquakes, building
code changes and other factors beyond the control of the Association or TROWER projected over the thirty (30) year time period
referred to above. Currently, please note that California law currently does not require reserve funds to be funded 100% to cover a
period of thirty (30) years and studies must be reviewed and updated annually.
(4) If the answer to (3) is no, what additional assessments or other contributions to reserves would be
necessary to ensure that sufficient reserve funds will be available each year during the next 30 years
that have not yet been approved by the Board or the members.
Increase the per unit monthly reserve contribution to $61.86 in fiscal year ending 12/31/2011
This question cannot at this time be answered with a definitive contribution for the next 30 years. Reserve Studies prepared by
TROWER utilize estimates of replacement value and life expectancy of the components which the Association is obligated to maintain.
However, some items may last a longer or shorter time than estimated, or unanticipated events or disasters may occur which affect the
reserve funds. Thus, the replacement costs and life expectancywill vary from the reserve study being performed, by inflation, weather,
earthquakes, building code changes and other factors beyond the control of the Association or TROWER projected over the thirty (30)
year time period referred to above.
(5) All major components are included in the reserve study and are included in its calculations except
items with a remaining life in excess of 30 years or those that have been removed from the study by the
Board of Directors..
(6) Based on the method of calculation in paragraph (4) of subdivision (b) of Section 1365.2.5, the
estimated amount required in the reserve fund at the end of the current fiscal year is $339,172.53,
based in whole or in part on the last reserve study or update prepared by TROWER as of 12/31/10. The
projected reserve fund cash balance at the end of the current fiscal year is $150,000.00, resulting in
reserves being 44.23 percent funded at this date.
(7) Based on the method of calculation in paragraph (4) of subdivision (b) of Section 1365.2.5 of the
Civil Code, the estimated amount required in the reserve fund at the end of each of the next five budget
years is:
2011: 122,777.70
2012: 106,359.20
2013: 101,800.80
2014: 65,379.28
2015: 45,499.70
The projected reserve fund cash balance in each of the years, taking in account only assessments
already approved and other know revenues, is:
2011: 111,211.20, (90.6% funding)
2012: 82,821.34, (77.9% funding)
2013: 65,875.52, (64.7% funding)
2014: 16,638.93, (25.4% funding)
2015: -16,495.30, (n/a)
If the recommended plan by TROWER is implemented, the projected reserve fund cash balance in
each of those years will be:
2011: 122,777.70, (100% funding)
2012: 106,359.20, (100% funding)
2013: 101,800.80, (100% funding)
2014: 65,379.28, (100% funding)
2015: 45,499.70, (100% funding)
Note: The financial representations set forth in this summary are based on the best estimates of the
preparer at that time. The estimates are subject to change.
For the purposes of preparing a summary pursuant to this section:
(1) "Estimated remaining useful life" means the time reasonably calculated to remain before a
major component will require replacement.
(2) "Major component" has the meaning used in Section 1365.5. Components with an estimated
remaining useful life of more than 30 years may be included in a study as a capital asset or disregarded
from the reserve calculation, as long as the decision is revealed in the reserve study report and
reported in the Assessment and Reserve Funding Disclosure Summary.
(3) The form set out in subdivision (a) shall accompany each pro forma operating budget or summary
thereof that is delivered pursuant to this article. The form may be supplemented or modified to clarify
the information delivered, so long as the minimum information set out in subdivision (a) is provided.
(4) For the purpose of the report and summary, the amount of reserves needed to be accumulated for a
component at a given time shall be computed as the current cost of replacement or repair multiplied by
the number of years the component has been in service divided by the useful life of the component.
This shall not be construed to require the Board to fund reserves in accordance with this calculation.
TROWER has made a reasonable effort to ensure this disclosure summary is accurate. The information is deemed reliable as of the
date of this disclosure summary, but is not guaranteed. TROWER has obtained certain information, documentation and materials
from the Association agent and this disclosure summary is based upon the accuracy of such information. Material inaccuracies could
adversely affect this disclosure summary and TROWER is not responsible for such inaccuracies. The Association, by accepting this
disclosure summary, agrees to release TROWER from any claims, demands or damages and further agrees to indemnify, defend and
hold harmless TROWER from and against any and all liability, damages, losses, claims, demands, or lawsuits arising out of or relating
to this disclosure summary.
ROOFING: Concrete Tile
• 20,700 SqFt with a replacement cost of $6.51 per SqFt.
• Normal life of 45 years with 24 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $134,757.
• Estimated cost to replace at FYE 2034 is $243,738.
• Recommended annual allocation in 2011 is $2,995.
• Recommended annual allocation with deficit reduction in 2011 is $5,615.
• Recommended balance at fiscal year end is $62,887.
• We allocated $0, leaving this component underfunded by $62,887.
ROOFING: Urethane Recoat
• 21,400 SqFt with a replacement cost of $0.95 per SqFt.
• Normal life of 8 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $20,330.
• Estimated cost to replace at FYE 2015 is $23,002.
• Recommended annual allocation in 2011 is $2,541.
• Recommended annual allocation with deficit reduction in 2011 is $2,541.
• Recommended balance at fiscal year end is $7,624.
• We allocated $7,624, leaving this component underfunded by $0.
ROOFING: Urethane Replace
• 21,400 SqFt with a replacement cost of $4.18 per SqFt.
• Normal life of 30 years with 17 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $89,452.
• Estimated cost to replace at FYE 2027 is $136,112.
• Recommended annual allocation in 2011 is $2,982.
• Recommended annual allocation with deficit reduction in 2011 is $5,262.
• Recommended balance at fiscal year end is $38,763.
• We allocated $0, leaving this component underfunded by $38,763.
ROOFING: Carport Metal
• 12,000 SqFt with a replacement cost of $2.80 per SqFt.
• Normal life of 35 years with 14 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $33,600.
• Estimated cost to replace at FYE 2024 is $47,476.
• Recommended annual allocation in 2011 is $960.
• Recommended annual allocation with deficit reduction in 2011 is $2,400.
• Recommended balance at fiscal year end is $20,160.
• We allocated $0, leaving this component underfunded by $20,160.
PAINTING : Stucco
• 83,600 SqFt with a replacement cost of $0.72 per SqFt.
• Normal life of 18 years with 7 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $60,192.
• Estimated cost to replace at FYE 2017 is $71,549.
• Recommended annual allocation in 2011 is $3,344.
• Recommended annual allocation with deficit reduction in 2011 is $3,344.
• Recommended balance at fiscal year end is $36,784.
• We allocated $36,784, leaving this component underfunded by $0.
PAINTING : Storage Doors
• 201 Units with a replacement cost of $53.49 per Unit.
• Normal life of 7 years with 3 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $10,751.
• Estimated cost to replace at FYE 2013 is $11,578.
• Recommended annual allocation in 2011 is $1,536.
• Recommended annual allocation with deficit reduction in 2011 is $1,536.
• Recommended balance at fiscal year end is $6,144.
• We allocated $6,144, leaving this component underfunded by $0.
PAINTING : Stucco Walls
• 5,125 SqFt with a replacement cost of $0.91 per SqFt.
• Normal life of 12 years with 1 year remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $4,664.
• Estimated cost to replace at FYE 2011 is $4,781.
• Recommended annual allocation in 2011 is $389.
• Recommended annual allocation with deficit reduction in 2011 is $389.
• Recommended balance at fiscal year end is $4,275.
• We allocated $4,275, leaving this component underfunded by $0.
PAINTING : Metal Carports
• 64 Units with a replacement cost of $60.17 per Unit.
• Normal life of 8 years with 4 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,851.
• Estimated cost to replace at FYE 2014 is $4,251.
• Recommended annual allocation in 2011 is $481.
• Recommended annual allocation with deficit reduction in 2011 is $481.
• Recommended balance at fiscal year end is $1,925.
• We allocated $1,925, leaving this component underfunded by $0.
PAINTING : Metal Railings
• 980 LnFt with a replacement cost of $1.01 per LnFt.
• Normal life of 7 years with 4 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $990.
• Estimated cost to replace at FYE 2014 is $1,093.
• Recommended annual allocation in 2011 is $141.
• Recommended annual allocation with deficit reduction in 2011 is $141.
• Recommended balance at fiscal year end is $424.
• We allocated $424, leaving this component underfunded by $0.
PAINTING : Metal Pool Fence
• 412 LnFt with a replacement cost of $5.14 per LnFt.
• Normal life of 7 years with 3 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $2,118.
• Estimated cost to replace at FYE 2013 is $2,281.
• Recommended annual allocation in 2011 is $303.
• Recommended annual allocation with deficit reduction in 2011 is $303.
• Recommended balance at fiscal year end is $1,210.
• We allocated $1,210, leaving this component underfunded by $0.
ASPHALT PAVING: Slurry & Repair
• 38,100 SqFt with a replacement cost of $0.19 per SqFt.
• Normal life of 5 years with 2 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $7,239.
• Estimated cost to replace at FYE 2012 is $7,605.
• Recommended annual allocation in 2011 is $1,448.
• Recommended annual allocation with deficit reduction in 2011 is $1,448.
• Recommended balance at fiscal year end is $4,343.
• We allocated $4,343, leaving this component underfunded by $0.
ASPHALT PAVING: Overlay & Replace
• 38,100 SqFt with a replacement cost of $1.38 per SqFt.
• Normal life of 35 years with 15 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $52,578.
• Estimated cost to replace at FYE 2025 is $76,149.
• Recommended annual allocation in 2011 is $1,502.
• Recommended annual allocation with deficit reduction in 2011 is $3,505.
• Recommended balance at fiscal year end is $30,045.
• We allocated $0, leaving this component underfunded by $30,045.
ENTRY BALCONY DECKS: Resurface
• 5,881 SqFt with a replacement cost of $11.64 per SqFt.
• Normal life of 20 years with 10 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $68,455.
• Estimated cost to replace at FYE 2020 is $87,628.
• Recommended annual allocation in 2011 is $3,423.
• Recommended annual allocation with deficit reduction in 2011 is $3,831.
• Recommended balance at fiscal year end is $34,227.
• We allocated $30,150, leaving this component underfunded by $4,078.
ENTRY BALCONY DECKS: Recoat
• 5,881 SqFt with a replacement cost of $3.29 per SqFt.
• Normal life of 6 years with 4 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $19,348.
• Estimated cost to replace at FYE 2014 is $21,357.
• Recommended annual allocation in 2011 is $3,225.
• Recommended annual allocation with deficit reduction in 2011 is $3,225.
• Recommended balance at fiscal year end is $6,449.
• We allocated $6,449, leaving this component underfunded by $0.
PRIVACY: Elite Intercom
• 1 Units with a replacement cost of $4,179 per Unit.
• Normal life of 15 years with 9 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $4,179.
• Estimated cost to replace at FYE 2019 is $5,219.
• Recommended annual allocation in 2011 is $279.
• Recommended annual allocation with deficit reduction in 2011 is $279.
• Recommended balance at fiscal year end is $1,672.
• We allocated $1,672, leaving this component underfunded by $0.
PRIVACY: Drive Gate 18'
• 2 Units with a replacement cost of $3,403 per Unit.
• Normal life of 35 years with 14 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $6,806.
• Estimated cost to replace at FYE 2024 is $9,617.
• Recommended annual allocation in 2011 is $194.
• Recommended annual allocation with deficit reduction in 2011 is $486.
• Recommended balance at fiscal year end is $4,084.
• We allocated $0, leaving this component underfunded by $4,084.
PRIVACY: Elite Gate Operator
• 1 Units with a replacement cost of $3,881 per Unit.
• Normal life of 15 years with 3 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,881.
• Estimated cost to replace at FYE 2013 is $4,179.
• Recommended annual allocation in 2011 is $259.
• Recommended annual allocation with deficit reduction in 2011 is $259.
• Recommended balance at fiscal year end is $3,105.
• We allocated $3,105, leaving this component underfunded by $0.
PRIVACY: Elite Gate Operator
• 1 Units with a replacement cost of $3,881 per Unit.
• Normal life of 15 years with 1 year remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,881.
• Estimated cost to replace at FYE 2011 is $3,978.
• Recommended annual allocation in 2011 is $259.
• Recommended annual allocation with deficit reduction in 2011 is $259.
• Recommended balance at fiscal year end is $3,622.
• We allocated $3,622, leaving this component underfunded by $0.
PRIVACY: Trash Gates
• 2 Pair with a replacement cost of $875 per Pair.
• Normal life of 30 years with 9 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $1,750.
• Estimated cost to replace at FYE 2019 is $2,186.
• Recommended annual allocation in 2011 is $58.
• Recommended annual allocation with deficit reduction in 2011 is $58.
• Recommended balance at fiscal year end is $1,225.
• We allocated $1,225, leaving this component underfunded by $0.
PRIVACY: New Balcony Rails
• 980 LnFt with a replacement cost of $72.98 per LnFt.
• Normal life of 40 years with 36 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $71,520.
• Estimated cost to replace at FYE 2046 is $173,975.
• Recommended annual allocation in 2011 is $1,788.
• Recommended annual allocation with deficit reduction in 2011 is $1,987.
• Recommended balance at fiscal year end is $7,152.
• We allocated $0, leaving this component underfunded by $7,152.
PRIVACY: Metal Pool Fences
• 412 LnFt with a replacement cost of $28.67 per LnFt.
• Normal life of 20 years with 17 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $11,812.
• Estimated cost to replace at FYE 2027 is $17,973.
• Recommended annual allocation in 2011 is $591.
• Recommended annual allocation with deficit reduction in 2011 is $695.
• Recommended balance at fiscal year end is $1,772.
• We allocated $0, leaving this component underfunded by $1,772.
POOL NORTH: Pool Heater
• 1 Units with a replacement cost of $2,157 per Unit.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $2,157.
• Estimated cost to replace at FYE 2015 is $2,440.
• Recommended annual allocation in 2011 is $216.
• Recommended annual allocation with deficit reduction in 2011 is $216.
• Recommended balance at fiscal year end is $1,079.
• We allocated $1,079, leaving this component underfunded by $0.
POOL NORTH: Pool Equipment
• 1 System with a replacement cost of $3,164 per System.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,164.
• Estimated cost to replace at FYE 2015 is $3,580.
• Recommended annual allocation in 2011 is $316.
• Recommended annual allocation with deficit reduction in 2011 is $316.
• Recommended balance at fiscal year end is $1,582.
• We allocated $1,582, leaving this component underfunded by $0.
POOL NORTH: Spa Equipment
• 1 System with a replacement cost of $4,656 per System.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $4,656.
• Estimated cost to replace at FYE 2015 is $5,268.
• Recommended annual allocation in 2011 is $466.
• Recommended annual allocation with deficit reduction in 2011 is $466.
• Recommended balance at fiscal year end is $2,328.
• We allocated $2,328, leaving this component underfunded by $0.
POOL NORTH: Pool Replaster
• 979 SqFt with a replacement cost of $6.56 per SqFt.
• Normal life of 15 years with 7 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $6,422.
• Estimated cost to replace at FYE 2017 is $7,634.
• Recommended annual allocation in 2011 is $428.
• Recommended annual allocation with deficit reduction in 2011 is $428.
• Recommended balance at fiscal year end is $3,425.
• We allocated $3,425, leaving this component underfunded by $0.
POOL NORTH: Spa Replaster
• 1 Units with a replacement cost of $1,791 per Unit.
• Normal life of 10 years with 4 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $1,791.
• Estimated cost to replace at FYE 2014 is $1,977.
• Recommended annual allocation in 2011 is $179.
• Recommended annual allocation with deficit reduction in 2011 is $179.
• Recommended balance at fiscal year end is $1,075.
• We allocated $1,075, leaving this component underfunded by $0.
POOL NORTH: Tile Replacement
• 130 LnFt with a replacement cost of $24.90 per LnFt.
• Normal life of 24 years with 19 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,237.
• Estimated cost to replace at FYE 2029 is $5,175.
• Recommended annual allocation in 2011 is $135.
• Recommended annual allocation with deficit reduction in 2011 is $170.
• Recommended balance at fiscal year end is $674.
• We allocated $0, leaving this component underfunded by $674.
POOL NORTH: Furniture
• 18 Units with a replacement cost of $205 per Unit.
• Normal life of 15 years with 10 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,690.
• Estimated cost to replace at FYE 2020 is $4,724.
• Recommended annual allocation in 2011 is $246.
• Recommended annual allocation with deficit reduction in 2011 is $261.
• Recommended balance at fiscal year end is $1,230.
• We allocated $1,083, leaving this component underfunded by $147.
POOL NORTH: Kool Deck Coat
• 1,111 SqFt with a replacement cost of $4.77 per SqFt.
• Normal life of 10 years with 2 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $5,299.
• Estimated cost to replace at FYE 2012 is $5,567.
• Recommended annual allocation in 2011 is $530.
• Recommended annual allocation with deficit reduction in 2011 is $530.
• Recommended balance at fiscal year end is $4,240.
• We allocated $4,240, leaving this component underfunded by $0.
POOL SOUTH: Pool Heater
• 1 Units with a replacement cost of $2,157 per Unit.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $2,157.
• Estimated cost to replace at FYE 2015 is $2,440.
• Recommended annual allocation in 2011 is $216.
• Recommended annual allocation with deficit reduction in 2011 is $216.
• Recommended balance at fiscal year end is $1,079.
• We allocated $1,079, leaving this component underfunded by $0.
POOL SOUTH: Pool Equipment
• 1 System with a replacement cost of $3,164 per System.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,164.
• Estimated cost to replace at FYE 2015 is $3,580.
• Recommended annual allocation in 2011 is $316.
• Recommended annual allocation with deficit reduction in 2011 is $316.
• Recommended balance at fiscal year end is $1,582.
• We allocated $1,582, leaving this component underfunded by $0.
POOL SOUTH: Spa Equipment
• 1 System with a replacement cost of $4,656 per System.
• Normal life of 10 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $4,656.
• Estimated cost to replace at FYE 2015 is $5,268.
• Recommended annual allocation in 2011 is $466.
• Recommended annual allocation with deficit reduction in 2011 is $466.
• Recommended balance at fiscal year end is $2,328.
• We allocated $2,328, leaving this component underfunded by $0.
POOL SOUTH: Pool Replaster
• 979 SqFt with a replacement cost of $5.38 per SqFt.
• Normal life of 15 years with 7 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $5,267.
• Estimated cost to replace at FYE 2017 is $6,261.
• Recommended annual allocation in 2011 is $351.
• Recommended annual allocation with deficit reduction in 2011 is $351.
• Recommended balance at fiscal year end is $2,809.
• We allocated $2,809, leaving this component underfunded by $0.
POOL SOUTH: Spa Replaster
• 1 Units with a replacement cost of $1,791 per Unit.
• Normal life of 10 years with 4 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $1,791.
• Estimated cost to replace at FYE 2014 is $1,977.
• Recommended annual allocation in 2011 is $179.
• Recommended annual allocation with deficit reduction in 2011 is $179.
• Recommended balance at fiscal year end is $1,075.
• We allocated $1,075, leaving this component underfunded by $0.
POOL SOUTH: Tile Replacement
• 130 LnFt with a replacement cost of $24.90 per LnFt.
• Normal life of 24 years with 19 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $3,237.
• Estimated cost to replace at FYE 2029 is $5,175.
• Recommended annual allocation in 2011 is $135.
• Recommended annual allocation with deficit reduction in 2011 is $170.
• Recommended balance at fiscal year end is $674.
• We allocated $0, leaving this component underfunded by $674.
POOL SOUTH: Furniture
• 18 Units with a replacement cost of $246 per Unit.
• Normal life of 15 years with 10 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $4,428.
• Estimated cost to replace at FYE 2020 is $5,668.
• Recommended annual allocation in 2011 is $295.
• Recommended annual allocation with deficit reduction in 2011 is $313.
• Recommended balance at fiscal year end is $1,476.
• We allocated $1,300, leaving this component underfunded by $176.
POOL SOUTH: Kool Deck Coat
• 1,111 SqFt with a replacement cost of $4.77 per SqFt.
• Normal life of 10 years with 2 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $5,299.
• Estimated cost to replace at FYE 2012 is $5,567.
• Recommended annual allocation in 2011 is $530.
• Recommended annual allocation with deficit reduction in 2011 is $530.
• Recommended balance at fiscal year end is $4,240.
• We allocated $4,240, leaving this component underfunded by $0.
POOL SOUTH: Tile Resealing
• 256 LnFt with a replacement cost of $8.08 per LnFt.
• Normal life of 6 years with 2 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $2,068.
• Estimated cost to replace at FYE 2012 is $2,173.
• Recommended annual allocation in 2011 is $345.
• Recommended annual allocation with deficit reduction in 2011 is $345.
• Recommended balance at fiscal year end is $1,379.
• We allocated $1,379, leaving this component underfunded by $0.
LIGHTING REPAIR: Carport Fixtures
• 26 Units with a replacement cost of $89.54 per Unit.
• Normal life of 30 years with 9 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $2,328.
• Estimated cost to replace at FYE 2019 is $2,907.
• Recommended annual allocation in 2011 is $78.
• Recommended annual allocation with deficit reduction in 2011 is $78.
• Recommended balance at fiscal year end is $1,630.
• We allocated $1,630, leaving this component underfunded by $0.
LIGHTING REPAIR: Unit Entry/Common
• 83 Units with a replacement cost of $65.67 per Unit.
• Normal life of 30 years with 9 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $5,451.
• Estimated cost to replace at FYE 2019 is $6,808.
• Recommended annual allocation in 2011 is $182.
• Recommended annual allocation with deficit reduction in 2011 is $182.
• Recommended balance at fiscal year end is $3,815.
• We allocated $3,815, leaving this component underfunded by $0.
LIGHTING REPAIR: Landscape Fixtures
• 18 annual allocations with a replacement cost of $416.67 per year.
• Normal life of 18 years with 11 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $7,500.
• Estimated cost to replace at FYE 2021 is $9,841.
• Recommended annual allocation in 2011 is $417.
• Recommended annual allocation with deficit reduction in 2011 is $682.
• Recommended balance at fiscal year end is $2,917.
• We allocated $0, leaving this component underfunded by $2,917.
IRRIGATION: System Upgrades
• 15 annual allocations with a replacement cost of $500 per year.
• Normal life of 15 years with 5 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $7,500.
• Estimated cost to replace at FYE 2015 is $8,486.
• Recommended annual allocation in 2011 is $500.
• Recommended annual allocation with deficit reduction in 2011 is $500.
• Recommended balance at fiscal year end is $5,000.
• We allocated $5,000, leaving this component underfunded by $0.
MAILBOXES: Replacement
• 64 Units with a replacement cost of $112 per Unit.
• Normal life of 25 years with 23 years remaining until replacement.
• Estimated cost to replace at Fiscal Year End (FYE) 2010 is $7,168.
• Estimated cost to replace at FYE 2033 is $12,649.
• Recommended annual allocation in 2011 is $287.
• Recommended annual allocation with deficit reduction in 2011 is $312.
• Recommended balance at fiscal year end is $573.
• We allocated $0, leaving this component underfunded by $573.
May 30, 2010
Reserve Summary By TROWER
Fiscal Year End:
Site Inspection On:
Number of Units:
Sample Homeowners Association
Completion Date of Report:
CATEGORY
Component
ROOFING
Concrete Tile
Urethane Recoat
Urethane Replace
Carport Metal
Subtotal
December 31, 2010
February 22, 2010
64
May 30, 2010
Est.
Est.
Comp.
Unit
Unit
Estimated
Cost to
Qty
Cost
Type
Replace
Life
Source &
Expectancy
Condition
Normal Rmng See Legend
Recommended
Projected
Allocation
Allocation
Balance
Balance
Under
w\Deficit
in 2011
@ FYE2010
@ FYE
Funded
Reduction
20,700
6.51
SqFt
134,757
45
24
3 G-F
2,995
62,887
0
21,400
0.95
SqFt
20,330
8
5
3G
2,541
7,624
7,624
21,400
4.18
SqFt
89,452
30
17
3G
2,982
38,763
0
(38,763)
5,262
12,000
2.80
SqFt
33,600
35
14
3 G-F
960
20,160
0
(20,160)
2,400
9,478
129,433
7,624
36,784
36,784
278,139
(62,887)
0
5,615
2,541
RECOMMEND ANNUAL ROOF INSPECTION & REPAIRS (1)
PAINTING
Stucco
83,600
Storage Doors
201
Stucco Walls
5,125
Metal Carports
64
Metal Railings
980
Metal Pool Fence
412
Subtotal
0.72
SqFt
60,192
18
7
3 G-F
3,344
53
Unit
0.91
SqFt
10,751
7
3
3 G-P
1,536
6,144
4,664
12
1
3 F-P
389
4,275
0
3,344
6,144
0
1,536
4,275
0
389
60
Unit
3,851
8
4
3 G-F
481
1,925
1,925
0
481
1.01
LnFt
990
7
4
3G
141
424
424
0
141
5.14
LnFt
2,118
7
3
3 G-P
0
303
0
1,448
82,566
303
1,210
1,210
6,194
50,763
50,763
1,448
4,343
4,343
RECOMMEND ANNUAL PAINT TOUCH-UP (1)
ASPHALT PAVING
Slurry & Repair
38,100
Overlay & Replace
38,100
Subtotal
ENTRY BALCONY DECKS
Resurface
5,881
Recoat
5,881
Subtotal
PRIVACY
Elite Intercom
1
Drive Gate 18'
2
Elite Gate Operator
1
0.190
SqFt
7,239
5
2
3F
1.38
SqFt
52,578
35
15
3F
59,817
1,502
30,045
0
2,950
34,388
4,343
11.64
SqFt
68,455
20
10
3 G-F
3,423
34,227
30,150
3.29
SqFt
19,348
6
4
3 G-F
3,225
6,449
6,449
6,647
40,677
36,599
87,803
4179
Unit
4,179
15
9
5G
279
1,672
1,672
3403
Unit
6,806
35
14
3G
194
4,084
0
3881
Unit
3,881
15
3
3F
259
3,105
3,105
(30,045)
(4,078)
0
0
(4,084)
0
3,505
3,831
3,225
279
486
259
May 30, 2010
Reserve Summary By TROWER
Fiscal Year End:
Site Inspection On:
Number of Units:
Sample Homeowners Association
Elite Gate Operator
Trash Gates
New Balcony Rails
Metal Pool Fences
Subtotal
POOL NORTH
Pool Heater
Pool Equipment
Spa Equipment
Pool Replaster
Spa Replaster
Tile Replacement
Furniture
Kool Deck Coat
Subtotal
December 31, 2010
February 22, 2010
64
1
3881
Unit
3,881
15
1
3F
2
875
Pair
1,750
30
9
3 G-F
980
72.98
LnFt
71,520
40
36
3G
1,788
7,152
0
(7,152)
1,987
412
29
LnFt
11,812
20
17
3G
591
1,772
0
(1,772)
695
3,427
22,631
9,624
103,829
1
2157
1
1
Unit
259
3,622
3,622
0
259
58
1,225
1,225
0
58
2,157
10
5
3 G-F
216
1,079
1,079
0
216
3164 System
3,164
10
5
1,5 G-F
316
1,582
1,582
0
316
4656 System
4,656
10
5
1,5 G-F
466
2,328
2,328
0
466
979
6.56
SqFt
6,422
15
7
3G
428
3,425
3,425
0
428
1
1791
Unit
1,791
10
4
3F
179
1,075
1,075
0
179
130
24.90
LnFt
3,237
24
19
5G
135
674
0
(674)
170
(147)
261
18
205
Unit
3,690
15
10
3 G-F
246
1,230
1,083
1,111
4.77
SqFt
5,299
10
2
3 F-P
530
4,240
4,240
2,300
14,554
13,733
28,260
0
530
RECOMMEND REPLACING EXISTING PUMPS WITH MORE EFFICIENT PUMPS (1)
POOL SOUTH
Pool Heater
Pool Equipment
Spa Equipment
Pool Replaster
Spa Replaster
Tile Replacement
Furniture
Kool Deck Coat
Tile Resealing
Subtotal
LIGHTING REPAIR
Carport Fixtures
Unit Entry/Common
Landscape Fixtures
Subtotal
1
2157
1
1
Unit
2,157
10
5
5 G-F
216
1,079
1,079
0
216
3164 System
3,164
10
5
1,5 G-F
316
1,582
1,582
0
316
4656 System
4,656
10
5
1,5 G-F
466
2,328
2,328
0
466
979
5.38
SqFt
5,267
15
7
3G
351
2,809
2,809
0
351
1
1791
Unit
1,791
10
4
3G
179
1,075
1,075
0
179
130
24.90
LnFt
3,237
24
19
5G
135
674
0
(674)
170
18
246
Unit
4,428
15
10
3 G-F
295
1,476
1,300
(176)
313
1,111
4.77
SqFt
5,299
10
2
3 G-F
530
4,240
4,240
0
530
256
8.08
LnFt
2,068
6
2
3 G-F
345
1,379
1,379
0
345
2,617
15,563
14,712
78
1,630
1,630
0
78
29,911
26
83
18
90
Unit
2,328
30
66
Unit
5,451
30
9
3 G-F
182
3,815
3,815
7,500
18
11
1,5 G-F
417
2,917
0
676
8,362
5,445
417 Annual
15,279
9
3G
0
(2,917)
182
682
May 30, 2010
Reserve Summary By TROWER
Fiscal Year End:
Site Inspection On:
Number of Units:
Sample Homeowners Association
IRRIGATION
System Upgrades
Subtotal
MAILBOXES
Replacement
Subtotal
15
500 Annual
7,500
15
5
1,5 G-F
7,500
64
112
Unit
7,168
25
23
3G
7,168
December 31, 2010
February 22, 2010
64
500
5,000
5,000
500
5,000
5,000
287
573
0
287
573
0
0
(573)
500
312
NEW CONCRETE CURBS ADDED Future Maintenance Expense (5)
Current Allo
PLUMBING, ELECTRICAL, WOOD REPLACEMENT AND ANY ITEMS NOT LISTED
ABOVE Maintenance Expense (5)
CONTINGENCY 5%
REPLACEMENT COST
702,429
1,765
16,151
1,079
(15,073)
2,262
37,056
339,173
150,000
(189,173)
47,509
1) Trower Estimate 2) Estimation Manual 3) Local Historical Cost 4) Bid on File with HOA
5) Manager and Board Direction 6) Previous Study Info
Condition: G-good, F-fair, P-poor
Report Based on Inflation Rate of:
2.5%
Report Based on Interest Rate on Reserve Savings of: 1.0%
May 30, 2010
Sample Homeowners Association
CATEGORY
Component
2010
Yr 0
ROOFING
Concrete Tile
Urethane Recoat
Urethane Replace
Carport Metal
Subtotal
PAINTING
Stucco
Storage Doors
Stucco Walls
Metal Carports
Metal Railings
Metal Pool Fence
Subtotal
ASPHALT PAVING
Slurry & Repair
Overlay & Replace
Subtotal
ENTRY BALCONY DECKS
Resurface
Recoat
Subtotal
PRIVACY
Elite Intercom
Drive Gate 18'
Elite Gate Operator
Elite Gate Operator
Trash Gates
New Balcony Rails
Metal Pool Fences
Subtotal
POOL NORTH
Pool Heater
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9 Yr 10 Yr 11 Yr 12
2011
Yr 1
2023
Yr 13
2024
Yr 14
2025
Yr 15
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,002
0
0
0
0
0
0
0
28,025
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
47,476
0
0
0
0
0
0
0
0
71,549
0
0
0
0
0
0
0
0
0
0
0
11,578
0
0
0
0
0
0
13,763
0
0
0
0
0
0
4,780
0
0
0
0
0
0
0
0
0
0
0
6,429
0
0
0
0
0
0
4,251
0
0
0
0
0
0
0
5,179
0
0
0
0
0
0
0
1,093
0
0
0
0
0
0
1,299
0
0
0
0
0
0
0
2,281
0
0
0
0
0
0
2,711
0
0
0
0
0
0
0
7,605
0
0
0
0
8,605
0
0
0
0
9,736
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
76,149
0
0
0
0
0
0
0
0
0
0
87,628
0
0
0
0
0
0
0
0
0
21,357
0
0
0
0
0
24,768
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,219
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,617
0
0
0
0
4,179
0
0
0
0
0
0
0
0
0
0
0
0
0
3,978
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,186
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
2,440
0
0
0
0
0
0
0
0
0
3,124
May 30, 2010
Sample Homeowners Association
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
CATEGORY
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Component
Yr 0
Yr 1
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9 Yr 10 Yr 11 Yr 12 Yr 13 Yr 14 Yr 15
Pool Equipment
0
0
0
0
0
3,580
0
0
0
0
0
0
0
0
0
4,582
Spa Equipment
0
0
0
0
0
5,268
0
0
0
0
0
0
0
0
0
6,743
Pool Replaster
0
0
0
0
0
0
0
7,634
0
0
0
0
0
0
0
0
Spa Replaster
0
0
0
0
1,977
0
0
0
0
0
0
0
0
0
2,531
0
Tile Replacement
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Furniture
0
0
0
0
0
0
0
0
0
0
4,724
0
0
0
0
0
Kool Deck Coat
0
0
5,568
0
0
0
0
0
0
0
0
0
7,127
0
0
0
Subtotal
POOL SOUTH
Pool Heater
Pool Equipment
Spa Equipment
Pool Replaster
Spa Replaster
Tile Replacement
Furniture
Kool Deck Coat
Tile Resealing
Subtotal
LIGHTING REPAIR
Carport Fixtures
Unit Entry/Common
Landscape Fixtures
Subtotal
IRRIGATION
System Upgrades
Subtotal
MAILBOXES
Replacement
Subtotal
0
0
0
0
0
2,440
0
0
0
0
0
0
0
0
0
3,124
0
0
0
0
0
3,580
0
0
0
0
0
0
0
0
0
4,582
0
0
0
0
0
5,268
0
0
0
0
0
0
0
0
0
6,743
0
0
0
0
0
0
0
6,261
0
0
0
0
0
0
0
0
0
0
0
0
1,977
0
0
0
0
0
0
0
0
0
2,531
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,668
0
0
0
0
0
0
0
5,568
0
0
0
0
0
0
0
0
0
7,127
0
0
0
0
0
2,173
0
0
0
0
0
2,520
0
0
0
0
0
2,923
0
0
0
0
0
0
0
0
0
0
2,907
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,807
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
9,841
0
0
0
0
0
0
0
0
0
8,486
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
52,597
67,330
45,341
37,470
57,761
18,809
47,157
91,634 112,395 148,035 190,004 219,695
57,012
79,725 102,049 143,213
May 30, 2010
Sample Homeowners Association
CATEGORY
Component
CONTINGENCY 5%
REPLACEMENT COST
RECOMMENDED
BALANCE
2010
Yr 0
2011
Yr 1
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Yr 2
Yr 3
Yr 4
Yr 5
Yr 6
Yr 7
Yr 8
Yr 9 Yr 10 Yr 11 Yr 12
104569
230895
123534
177204
2024
Yr 14
2025
Yr 15
224458
284772
162060
52597
76088
66255
55508
88415
72872
47157
173774
150000
122778
106359
101801
65379
45500
52583
-66163 -115161 -219272 -393886 -460857 -580908 -748084 -975941 #######
Report Based on Inflation Rate of 2.5% and Interest Rate on Reserve Savings of 1.0%
160332
2023
Yr 13
May 30, 2010
Sample Homeowners Association
CATEGORY
Component
ROOFING
Concrete Tile
Urethane Recoat
Urethane Replace
Carport Metal
Subtotal
PAINTING
Stucco
Storage Doors
Stucco Walls
Metal Carports
Metal Railings
Metal Pool Fence
Subtotal
ASPHALT PAVING
Slurry & Repair
Overlay & Replace
Subtotal
2026
Yr 16
2038
Yr 28
2039
Yr 29
0
0
0
0
0
0
0
0
243,738
0
0
0
0
0
0
0
0
0
0
34,146
0
0
0
0
0
0
0
41,603
0
136,112
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
111,593
0
0
0
0
0
16,360
0
0
0
0
0
0
19,446
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,646
0
0
0
0
0
0
0
0
6,310
0
0
0
0
0
0
0
7,688
0
0
0
1,544
0
0
0
0
0
0
1,835
0
0
0
0
0
3,222
0
0
0
0
0
0
3,830
0
0
0
0
0
0
11,015
0
0
0
0
12,462
0
0
0
0
14,100
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
ENTRY BALCONY DECKS
Resurface
0
Recoat
28,723
Subtotal
PRIVACY
Elite Intercom
0
0
Drive Gate 18'
0
Elite Gate Operator
5,761
Elite Gate Operator
0
Trash Gates
0
New Balcony Rails
0
Metal Pool Fences
Subtotal
POOL NORTH
Pool Heater
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
Yr 18 Yr 19 Yr 20 Yr 21 Yr 22 Yr 23 Yr 24 Yr 25 Yr 26 Yr 27
2027
Yr 17
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
33,310
0
0
0
0
0
38,629
0
0
0
0
0
0
0
0
7,559
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
6,053
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
17,973
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,999
0
0
0
0
May 30, 2010
Sample Homeowners Association
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
CATEGORY
Yr 16 Yr 17 Yr 18 Yr 19 Yr 20 Yr 21 Yr 22 Yr 23 Yr 24 Yr 25 Yr 26 Yr 27 Yr 28 Yr 29
Component
Pool Equipment
0
0
0
0
0
0
0
0
0
5,866
0
0
0
0
Spa Equipment
0
0
0
0
0
0
0
0
0
8,632
0
0
0
0
Pool Replaster
0
0
0
0
0
0
11,056
0
0
0
0
0
0
0
Spa Replaster
0
0
0
0
0
0
0
0
3,239
0
0
0
0
0
Tile Replacement
0
0
0
5,175
0
0
0
0
0
0
0
0
0
0
Furniture
0
0
0
0
0
0
0
0
0
6,841
0
0
0
0
Kool Deck Coat
0
0
0
0
0
0
9,123
0
0
0
0
0
0
0
Subtotal
POOL SOUTH
Pool Heater
Pool Equipment
Spa Equipment
Pool Replaster
Spa Replaster
Tile Replacement
Furniture
Kool Deck Coat
Tile Resealing
Subtotal
LIGHTING REPAIR
Carport Fixtures
Unit Entry/Common
Landscape Fixtures
Subtotal
IRRIGATION
System Upgrades
Subtotal
MAILBOXES
Replacement
Subtotal
0
0
0
0
0
0
0
0
0
3,999
0
0
0
0
0
0
0
0
0
0
0
0
0
5,866
0
0
0
0
0
0
0
0
0
0
0
0
0
8,632
0
0
0
0
0
0
0
0
0
0
9,068
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,239
0
0
0
0
0
0
0
0
5,175
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,209
0
0
0
0
0
0
0
0
0
0
9,123
0
0
0
0
0
0
0
0
0
0
0
3,389
0
0
0
0
0
3,931
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,348
0
0
0
0
12,290
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
12,649
0
0
0
0
0
0
87,075
105,280
153,931
132,500
121,457
100,698
153,742
194,652
230,142
192,497
237,165
310,416
376,976
240,789
May 30, 2010
Sample Homeowners Association
CATEGORY
Component
CONTINGENCY 5%
REPLACEMENT COST
RECOMMENDED
BALANCE
2026
Yr 16
121559
2027
Yr 17
289962
THIRTY YEAR PROJECTED RESERVE EXPENSES STRAIGHT LINE METHOD *
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
Yr 18 Yr 19 Yr 20 Yr 21 Yr 22 Yr 23 Yr 24 Yr 25 Yr 26 Yr 27
161528
142850
143446
134844
237885
207301
511195
366615
241096
324516
2038
Yr 28
423293
2039
Yr 29
297741
-1144933 -1376914 -1480367 -1564266 -1647743 -1721500 -1897595 -2042709 -2492633 -2799647 -2981426 -3246646 -3611522 -3851541
Report Based on Inflation Rate of 2.5% and Interest Rate on Reserve Savings of 1.0%
May 30, 2010
Sample Homeowners Association
RESERVE FUNDING SUMMARY
(Recommend Allocation Model in Dashed Box)
Per Year
Per Month
Per Unit Per Month
ALLOCATION BUDGETED IN 2010
36,000
3,000.00
46.88
RECOMMENDED ALLOCATION IN 2011
37,056
3,088.00
48.25
47,509
3,959.08
61.86
(WITHOUT DEFICIT REDUCTION)
RECOMMENDED ALLOCATION IN 2011
(WITH DEFICIT REDUCTION)
Recommended Annual Allocation plus any underfunded balance divided by the years remaining until replacement of each component (also shown on graph)
PERCENTAGE OF ACTUAL CASH AT FISCAL YEAR END VERSUS
RECOMMENDED CASH AT FISCAL YEAR END IS:
COST TO REPLACE BY CATEGORY
ROOFING
PAINTING
ASPHALT PAVING
ENTRY BALCONY DECKS
PRIVACY
POOL NORTH
POOL SOUTH
LIGHTING REPAIR
IRRIGATION
MAILBOXES
44%
CATEGORY
ROOFING
PAINTING
ASPHALT PAVING
ENTRY BALCONY DECKS
PRIVACY
POOL NORTH
POOL SOUTH
LIGHTING REPAIR
IRRIGATION
MAILBOXES
Rpl Cst
278,139
82,566
59,817
87,803
103,829
30,417
32,068
15,279
7,500
7,168
%
39.60
11.75
8.52
12.50
14.78
4.33
4.57
2.18
1.07
1.02
May 30, 2010
Sample Homeowners Association
30 YEAR RESERVE BALANCE PROJECTIONS
500,000
39
38
37
36
35
34
33
32
31
30
29
28
27
26
25
24
23
22
21
20
19
18
17
16
15
14
13
12
11
40
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
20
10
0
-500,000
-1,000,000
Current Allocation Budgeted
Allocation w/o Deficit Reduction
Allocation w/ Deficit Reduction
-1,500,000
-2,000,000
-2,500,000
-3,000,000
-3,500,000
-4,000,000
-4,500,000