Full Reserve Study Rolling Hills CDD

Green Cove Springs, Florida
Prepared for FY 2021 Report Date: March 26, 2021

March 26, 2021

Mr. Jim Oliver, District Manager Governmental Management Services, LLC 475 West Town Place, Suite 114
St. Augustine Florida 32092

Re: Reserve Study Report for Rolling Hills CDD Dear Mr. Oliver:
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 Community Associations Institute (CAI) and the Standards of Practice establish by the Association of Professional Reserve Analysts (APRA). Once you have reviewed this report and considered recent expenditures and any historic cost data, we will make necessary adjustments

Respectively submitted,

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

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary 	 1-1 Current Funding Projection 	 1-2 Current Funding Plan vs Fully Funded Plan 	 1-3

FUNDING PLAN
Recommended Funding Model Projection 	 2-1 Recommended Funding Plan VS Fully Funded 	 2-2

CASH FLOW
Income & Expense Spreadsheet 	 3-1

EXPENDITURE DETAIL
Annual Expenditure Detail 		 4-1 Annual Expenditure Chart 		 4-9 Asset Current Cost by Category 	 4-10

COMPONENT INVENTORY
Component Inventory 	 5-1 Component Detail Index 	 5-5 Component Detail 	 5-9

DISCLOSURERS & INFORMATION
Methodology & Information 	 6-1 Terms of Service 	 6-2 Definitions 	 6-3

Report Navigation
Executive Summary provides information about projected year end reserve balance, current annual contribution, interest, and inflation rates:
Level of Service is the type of reserve study
Funding Method is either Cash Flow or Component Funding
Funding Goal is the funding plan the Association has or one we recommend
Fully Funded Reserve Balance is the 100% balance to begin fully funded
Full Funding Contribution is the necessary contribution to maintain full funding for year one. Total is the amount required for year one full funding
Current Funding Plan currently used by the District
Recommended Funding Plan maintains adequate funding
Funding Model Projections include both your current plan and our recommended plan. The information included in each column is described below:
Year begins with your study year generally for a 30-year term
Current cost is the current replacement of all components
Annual contribution is the amount placed in reserves each year
Annual interest earned on your funds
Annual expenditures are the projected component replacement cost by year
Projected ending balance is the year end reserve fund balance
Fully funded reserves are the fully funded balance for that year. Fully Funded formula is Fully Funded Balance= Component cost x Age/Useful Life
Percent Funded is a measure of fund strength or risk
Current Funding Projection is your current funding plan and how it performs
Recommended Funding Model Projection is the plan we recommend
Cash Flow is a 30-year statement that provides both income and expense information to quickly find when expenditures occur and the resulting financial status of your reserves
Annual Expenditure Detail provides a year to year list of your projected expenditures This is a good section to review each year when preparing your budgets
Condition Assessment is a brief description of major component condition
Component Inventory contains a list of your components, remaining useful life and quantities we determined from our site visit and other means of measurement
Component Detail Index allows quick access to the detail we have included for each component separated into categories
Component Detail provides a listing of each component, quantities or allowances and photographs of major ones
Methodology - Terms of Service – Company Profile are our Disclosure sections with information about our assumptions, methods of work and our credentials

Important Information
Level of Service: Level I Full Reserve Study with a site visit, Level II Update with a site visit or Level III Financial Update with no site visit as defined by the National Reserve Study Standards established by the Community Associations Institute. Component quantity, condition and projected remaining useful life were determined with a visual inspection by the Analyst if a site visit was conducted.

Purpose: This study provides an inventory of major components above a threshold value as determined by the Association that require regular replacement and a plan to fund them.

Basis: Our analysis follows the guidelines for Reserve Studies established by the Association of Professional Reserve Analysts (APRA) and the Community Associations Institute (CAI). Components included in this analysis generally meet the following criteria:
Component must be owned or maintained by the District
Component must have a limited life
Component must have a predictable useful life
Component must have a replacement cost above a threshold cost
These guidelines limit reserve components to predictable expenses and do not consider large expenses such as stormwater systems or dredging of the stormwater ponds. While their replacement cost and remaining useful life may not be predictable they can be expensive, therefore we recommend consideration for funding.
Useful life and remaining useful life projections are determined by our visual inspection of each component, our experience with similar communities, your historical records and if required vendor evaluation. The District may have experienced some replacement cycles for various components with historical cost therefore this information is considered in our analysis. Each cost and useful life was reviewed and compared to similar project we have completed and adjusted as needed. Components with replacement cost over $1,000 are typically included.
The various component replacement cycles experienced by the District are driven by the level of quality required by the community, cost of maintenance vs replacement, existing condition, and use. All useful life projections found in this analysis are in the acceptable range for this specific type of community.

Replacement cost for components is driven by local market conditions and available of similar materials. Many components have included repair and refurbishment to extend their useful life and reduce holding cost over time.

Funding Goal: The District may elect for the following goals
Fully Funded Reserve – 100% funding for each component
Threshold Funded Reserve – Annual ending balances are maintained above an adequate or “Threshold” level.
Funding Methods: Reserve analysis typically uses two methods of determining necessary funding levels for component replacement; the Component Method the Cash Flow Method.

The Component Method provides a reserve contribution amount by estimating the current

replacement cost for each component, subtracting that component’s current balance which provides the unfunded balance then dividing that total by the number of remaining years of useful life. Each component’s contribution is then total for the annual contribution. This method includes inflation of replacement cost and interest on invested funds and provides the least risk of deferred maintenance or special assessment.

Another version of the Component Method is referred to as “Straight Line Method” which follows the same calculation as above but does not consider interest on funds or inflation on replacement cost. This method only provides a one-year contribution amount and may result in large changes in annual contribution from year to year.

The Cash Flow Method or pooled method of reserve funding uses the same calculation as the Component Method to determine full funding but rather than 100% funding this method maintains a minimum year-end balance or percent funded that is acceptable to the Association. While this method requires lower contributions, it does have an increased measure of risk for deferred maintenance or special assessment. Managing that risk can be accomplished by annual updates to address changes in inflation and interest rates and component remaining useful life.

Cash Flow Method Models include the Current Assessment Funding Model (AFM) and the Threshold Funding Model (TFM) among others.

The AFM Model illustrates the current funding projections adopted by the District and how these perform over time. This model is also used to develop a funding plan with annual contributions entered for each year which allows a custom funding plan.

The TFM maintains minimum annual balances or percent funded which are determined by the Analyst or requested by the District. The year with the lowest ending balance is considered the “Threshold Year” for the total funding plan period. This method does not fully fund reserves and has a higher risk of deferred maintenance or special assessment than full funding requiring annual updates.

Conclusion
There are several factors to consider when determining reserve funding levels that include maintaining the quality and value of the community, the ability of the District to respond to unpredictable component failures and to maintain an acceptable level of risk. Full funding provides the lowest risk of deferred maintenance or special assessment but requires large contributions. We recommend the Threshold Funding Plan which keeps reserve balances above a minimum year end balance that is adequate for the District.

Threshold Funding Model Summary of Calculations

Green Cove Springs, Florida
Executive Summary

Report Date Account Number Version
Budget Year Beginning Budget Year Ending

March 26, 2021
1651
1
October 1, 2021
September 30, 2022

Inflation	2.50%	
Annual Assessment Increase	1.00%	
Interest Rate on Reserve Deposit	1.00%	

Report Parameters

2021 Beginning Balance

GENERAL INFORMATION
Date of Completion:	January 1, 2007
Date of site visit:	March 4, 2021
Components Included:	73
Current replacement cost:	$1,944,722
Level of Service:	Level I Reserve Study
Funding Method:	The Cash Flow Method
Funding Goal:	Adequate funding with moderate contributions
FINANCIAL INFORMATION
⦁	Fully Funded Reserve Balance:	$1,131,555	
⦁	Current Funding Plan %:	0%	
⦁	Full Funding Surplus/Deficit:	Deficit of $1,131,555	
⦁	Full Funding Contribution:	$77,664	
⦁	Total Full Funding Contribution:	$1,209,219	
⦁	Current Contribution:	$75,000	
⦁	Current Plan Performance:	Inadequate for future component funding	
⦁	Recommend Contribution:	$387,050 provides adequate funding	

Required Annual Contribution	$387,050.10	
Average Net Annual Interest Earned	  $3,647.64	
Total Annual Allocation to Reserves	$390,697.75	

Current Funding Projection

Beginning Balance: $0

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

2021	
1,944,722	
75,000	
527	
22,286	
53,241	
1,228,039	
4%	
2022	1,993,340	75,750	1,290		130,281	1,352,054	10%	
2023	2,043,174	76,507	874	119,339	88,324	1,361,268	6%	
2024	2,094,253	77,273	1,656		167,252	1,495,478	11%	
2025	2,146,610	78,045	2,389	6,402	241,284	1,629,147	15%	
2026	2,200,275	78,826	1,402	179,939	141,573	1,595,976	9%	
2027	2,255,282	79,614	2,212		223,399	1,749,177	13%	
2028	2,311,664	80,410	1,269	176,912	128,165	1,728,400	7%	
2029	2,369,455	81,214	2,094		211,474	1,891,360	11%	
2030	2,428,692	82,026		965,792	-672,292	1,075,002		
2031	2,489,409	82,847		24,196	-613,641	1,206,529		
2032	2,551,644	83,675		190,213	-720,179	1,174,413		
2033	2,615,435	84,512		195,921	-831,588	1,138,960		
2034	2,680,821	85,357			-746,231	1,306,841		
2035	2,747,842	86,211		106,227	-766,247	1,373,520		
2036	2,816,538	87,073		94,139	-773,314	1,457,988		
2037	2,886,951	87,943		65,628	-750,999	1,577,457		
2038	2,959,125	88,823		708,447	-1,370,624	1,044,780		
2039	3,033,103	89,711			-1,280,913	1,228,796		
2040	3,108,931	90,608			-1,190,304	1,421,360		
2041	3,186,654	91,514		186,703	-1,285,493	1,435,404		
2042	3,266,320	92,429			-1,193,064	1,645,417		
2043	3,347,978	93,354		58,878	-1,158,588	1,804,683		
2044	3,431,678	94,287		79,070	-1,143,371	1,951,696		
2045	3,517,470	95,230		6,121	-1,054,262	2,181,732		
2046	3,605,407	96,182			-958,079	2,428,479		
2047	3,695,542	97,144		142,864	-1,003,799	2,539,765		
2048	3,787,930	98,116		223,277	-1,128,960	2,576,335		
2049	3,882,628	99,097		11,580	-1,041,443	2,835,858		
2050	3,979,694	100,088		1,574,714	-2,516,069	1,504,830		

Rolling Hills CDD Recommended Funding Model Projection

Beginning Balance: $0

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

2021	
1,944,722	
387,050	
3,648	
22,286	
368,412	
1,228,039	
30%	
2022	1,993,340	144,586	5,130		518,128	1,352,054	38%	
2023	2,043,174	146,032	5,448	119,339	550,268	1,361,268	40%	
2024	2,094,253	147,492	6,978		704,738	1,495,478	47%	
2025	2,146,610	148,967	8,473	6,402	855,776	1,629,147	53%	
2026	2,200,275	150,457	8,263	179,939	834,556	1,595,976	52%	
2027	2,255,282	151,961	9,865		996,382	1,749,177	57%	
2028	2,311,664	153,481	9,730	176,912	982,680	1,728,400	57%	
2029	2,369,455	155,016	11,377		1,149,073	1,891,360	61%	
2030	2,428,692	156,566	3,398	965,792	343,246	1,075,002	32%	
2031	2,489,409	158,131	4,772	24,196	481,953	1,206,529	40%	
2032	2,551,644	159,713	4,515	190,213	455,967	1,174,413	39%	
2033	2,615,435	161,310	4,214	195,921	425,570	1,138,960	37%	
2034	2,680,821	162,923	5,885		594,378	1,306,841	45%	
2035	2,747,842	164,552	6,527	106,227	659,230	1,373,520	48%	
2036	2,816,538	166,198	7,313	94,139	738,601	1,457,988	51%	
2037	2,886,951	167,860	8,408	65,628	849,241	1,577,457	54%	
2038	2,959,125	169,538	3,103	708,447	313,435	1,044,780	30%	
2039	3,033,103	171,234	4,847		489,515	1,228,796	40%	
2040	3,108,931	172,946	6,625		669,086	1,421,360	47%	
2041	3,186,654	174,675	6,571	186,703	663,628	1,435,404	46%	
2042	3,266,320	176,422	8,401		848,451	1,645,417	52%	
2043	3,347,978	178,186	9,678	58,878	977,437	1,804,683	54%	
2044	3,431,678	179,968	10,783	79,070	1,089,119	1,951,696	56%	
2045	3,517,470	181,768	12,648	6,121	1,277,414	2,181,732	59%	
2046	3,605,407	183,586	14,610		1,475,610	2,428,479	61%	
2047	3,695,542	185,422	15,182	142,864	1,533,349	2,539,765	60%	
2048	3,787,930	187,276	14,973	223,277	1,512,321	2,576,335	59%	
2049	3,882,628	189,148	16,899	11,580	1,706,789	2,835,858	60%	
2050	3,979,694	191,040	3,231	1,574,714	326,346	1,504,830	22%	

The recommended funding plan provides adequate funding with moderate contributions over time.

	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	
Beginning Balance		368,412	518,128	550,268	704,738	855,776	834,556	996,382	982,680	1,149,073	
Annual Assessment	387,050	144,586	146,032	147,492	148,967	150,457	151,961	153,481	155,016	156,566	
Interest Earned	3,648	5,130	5,448	6,978	8,473	8,263	9,865	9,730	11,377	3,398	
Expenditures	22,286		119,339		6,402	179,939		176,912		965,792	
Fully Funded Reserves	1,228,039	1,352,054	1,361,268	1,495,478	1,629,147	1,595,976	1,749,177	1,728,400	1,891,360	1,075,002	
Percent Fully Funded	30%	38%	40%	47%	53%	52%	57%	57%	61%	32%	
Ending Balance	368,412	518,128	550,268	704,738	855,776	834,556	996,382	982,680	1,149,073	343,246	

Description
Misc. Site Components											
Concrete Pavers - Entry											
Concrete Pavers - Resident's Club											
Mail Box Pedestals											
Street Signs/Poles											
Wood Boardwalk Frame/Rails/Deck (not pilings)											
Misc. Site Components Total:											
Streets & Parking Lots											
Asphalt Mill/Overlay 1 1/2" - Parking Lot										117,976	
Bradley Creek Parkway - 2 Lift										250,176	
Bradley Creek Pkwy - 1 Lift											
Connector Street										13,701	
Hidden Meadow Court										149,342	
Holly Green Court										34,178	
Laurel Springs Drive - 1 Lift											
Paddle Creek Drive										98,778	
Ridgeview Drive										95,757	
Sandy Point Court										15,442	
Spring Valley Court										80,483	
Woodbridge Crossing Court										24,527	
Streets & Parking Lots Total:										880,358	

Description	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030	
Site Lighting											
Decorative Light Poles - Amenity
Light Poles Shoebox Fixtures - Tennis Courts											
Site Lighting Total:											
Fencing											
Aluminum Fence - Pool
Chain Link Fence VC 10 Ft - Tennis Courts											
Fencing Total:											
Misc. Building Components											
Aluminum Gutters/DS - Resident's Club & Pavi..
Refurbishment Allowance - Family Restroom								
5,230			
Refurbishment Allowance - Fitness Locker Roo..
Refurbishment Allowance - Pavilion Restrooms								23,179
19,780			
Refurbishment Allowance - Pool Restrooms
Vinyl Railings - Porch								40,950			
Wood Deck - Porch
Misc. Building Components Total:
Roofing								2,034
91,174			
Asphalt Shingles - Pavilion
Asphalt Shingles - Resident's Club											
Metal Roof - Picnic Pavilion
Metal Roof - Pool Monitor											
Metal Roof - Resident's Club
Metal Roof - Tennis Pavilion											
Roofing Total:											
Exterior Painting											
Picnic Pavilion	1,600										
Pool Pavilion	5,472										
Resident's Club	10,230										
Tennis Pavilion	1,600										
Exterior Painting Total:	18,902										

Description

2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Flooring		
Carpet - Resident's Club Great Room	1,656					
Carpet - Resident's Club Offices	1,728					
Floor Tile - 1st Floor
Floor Tile - Lobby						
Rubber Flooring - Fitness Room
Vinyl Flooring - Kids Zone						
Flooring Total:	3,384					
Cabinets & Tops						
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen				
3,530		
Wood Cabinets & SS Tops - Reception/Conf. Rm				6,080		
Cabinets & Tops Total:				9,611		
Furniture Fixtures & Equipment						
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance			4,305			
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowan..				5,943	
37,466	
Wall Oven Double			2,097			
Furniture Fixtures & Equipment Total:			6,402	5,943	37,466	
HVAC Equipment						
Heat Pump 1 - 10 Ton		16,810				
Heat Pump 2 - 8 Ton		13,448				
Heat Pump 3 - 7 Ton		11,767				
HVAC Equipment Total:		42,025				
Swimming Pool						
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide		
15,759				
Lane Divider Reel
Lane Dividers		
3,341				

Description

2021	2022	2023	2024	2025	2026	2027	2028	2029	2030

Swimming Pool continued...		
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance		5,253				
Pool Lift
Pool Resurfacing/Tile			
179,939	7,608		
Shade Structure Fabric - Pool
Shade Structure Frame - Pool		12,607				
Starting Blocks
Steel Stair Refurbishment Allowance				14,977		
Swimming Pool Total:		36,961	179,939	22,585		
Tennis Courts						
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts		40,353			47,967	
Tennis Courts Total:		40,353			47,967	
Playground						
Park Bench Expanded Metal				2,853		
Plastic Play Surface Border				4,094		
Play Equipment Allowance				35,661		
Swings Two Bay Arched				4,992		
Playground Total:				47,600		
Components Not Included						
Asphalt Seal Coat
Building Sign	Unfunded
Unfunded					
Ceiling Fans
Community Signs	Unfunded
Unfunded					
Concrete Curbs/Walks
Doors/Windows	Unfunded
Unfunded					
Dumpster Enclosure/Gates
Electric Lift	Unfunded
Unfunded					
Fitness Equipment Partial Replace Allowance
Flag Pole	Unfunded
Unfunded					

2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Description

Gas Grill Irrigation System

Unfunded Unfunded

Components Not Included continued...
Landscaping	Unfunded

Monument Sign Refurbishment Nets/Poles - Tennis Courts

Unfunded Unfunded

Light Poles - Parking Lot	Unfunded
Pond Fountains/Aerators	Unfunded

Pool/Deck Furniture Partial Replacement Railings

Unfunded Unfunded

Pool Filtration Partial Replacement	Unfunded
Rubber Play Surface - Playground	Unfunded

Stormwater Pond Dredging/Pipe/Structures Tennis Court Replacement

Unfunded Unfunded

Shade Structure Fabric - Tennis Courts	Unfunded
Utility Lines	Unfunded

Water Cooler - Tennis Courts Water Coolers

Unfunded Unfunded

Volley Ball Court	Unfunded

Year Total:	22,286	119,339	6,402	179,939	176,912	965,792

	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	
Beginning Balance	343,246	481,953	455,967	425,570	594,378	659,230	738,601	849,241	313,435	489,515	
Annual Assessment	158,131	159,713	161,310	162,923	164,552	166,198	167,860	169,538	171,234	172,946	
Interest Earned	4,772	4,515	4,214	5,885	6,527	7,313	8,408	3,103	4,847	6,625	
Expenditures	24,196	190,213	195,921		106,227	94,139	65,628	708,447			
Fully Funded Reserves	1,206,529	1,174,413	1,138,960	1,306,841	1,373,520	1,457,988	1,577,457	1,044,780	1,228,796	1,421,360	
Percent Fully Funded	40%	39%	37%	45%	48%	51%	54%	30%	40%	47%	
Ending Balance	481,953	455,967	425,570	594,378	659,230	738,601	849,241	313,435	489,515	669,086	

Description
Misc. Site Components											
Concrete Pavers - Entry			16,784								
Concrete Pavers - Resident's Club								12,526			
Mail Box Pedestals											
Street Signs/Poles								31,041			
Wood Boardwalk Frame/Rails/Deck (not pilings)			85,858								
Misc. Site Components Total:			102,642					43,567			
Streets & Parking Lots											
Asphalt Mill/Overlay 1 1/2" - Parking Lot											
Bradley Creek Parkway - 2 Lift											
Bradley Creek Pkwy - 1 Lift											
Connector Street											
Hidden Meadow Court											
Holly Green Court											
Laurel Springs Drive - 1 Lift											
Paddle Creek Drive											
Ridgeview Drive											
Sandy Point Court											
Spring Valley Court											
Woodbridge Crossing Court											
Streets & Parking Lots Total:											

Description	2031	2032	2033	2034	2035	2036	2037	2038	2039	2040	
Site Lighting											
Decorative Light Poles - Amenity		44,086									
Light Poles Shoebox Fixtures - Tennis Courts		85,023									
Site Lighting Total:		129,109									
Fencing											
Aluminum Fence - Pool
Chain Link Fence VC 10 Ft - Tennis Courts		
61,103						38,467			
Fencing Total:		61,103						38,467			
Misc. Building Components											
Aluminum Gutters/DS - Resident's Club & Pavi..
Refurbishment Allowance - Family Restroom								4,517			
Refurbishment Allowance - Fitness Locker Roo..
Refurbishment Allowance - Pavilion Restrooms											
Refurbishment Allowance - Pool Restrooms
Vinyl Railings - Porch								
4,101			
Wood Deck - Porch
Misc. Building Components Total:
Roofing								
8,618			
Asphalt Shingles - Pavilion
Asphalt Shingles - Resident's Club								29,945
70,116			
Metal Roof - Picnic Pavilion								5,365			
Metal Roof - Pool Monitor								2,255			
Metal Roof - Resident's Club								8,474			
Metal Roof - Tennis Pavilion								6,172			
Roofing Total:								122,327			
Exterior Painting											
Picnic Pavilion	2,048										
Pool Pavilion	7,005										
Resident's Club	13,095										
Tennis Pavilion	2,048										
Exterior Painting Total:	24,196										

Description

2031	2032	2033	2034	2035	2036	2037	2038	2039	2040

Flooring		
Carpet - Resident's Club Great Room	2,227					
Carpet - Resident's Club Offices	2,324					
Floor Tile - 1st Floor					7,888	
Floor Tile - Lobby					6,208	
Rubber Flooring - Fitness Room	3,013					
Vinyl Flooring - Kids Zone	5,560					
Flooring Total:	13,123				14,096	
Cabinets & Tops						
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen	1,345					
Wood Cabinets & SS Tops - Reception/Conf. Rm						
Cabinets & Tops Total:	1,345					
Furniture Fixtures & Equipment						
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance			
36,207	5,790		
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowan..						
Wall Oven Double				2,821		
Furniture Fixtures & Equipment Total:			36,207	8,610		
HVAC Equipment						
Heat Pump 1 - 10 Ton		22,608				
Heat Pump 2 - 8 Ton		18,086				
Heat Pump 3 - 7 Ton		15,825				
HVAC Equipment Total:		56,519				
Swimming Pool						
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide		
21,195			235,267	
Lane Divider Reel
Lane Dividers		
4,493			4,108	

Description

2031	2032	2033	2034	2035	2036	2037	2038	2039	2040

Swimming Pool continued...		
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance			7,065	
57,932			
Pool Lift
Pool Resurfacing/Tile						
241,998	
Shade Structure Fabric - Pool
Shade Structure Frame - Pool		
45,726	16,956				
Starting Blocks
Steel Stair Refurbishment Allowance		
20,173					
Swimming Pool Total:		65,900	49,708	57,932		481,373	
Tennis Courts							
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts		
12,911			57,018		
Tennis Courts Total:		12,911			57,018		
Playground							
Park Bench Expanded Metal
Plastic Play Surface Border							
Play Equipment Allowance
Swings Two Bay Arched							
Playground Total:							
Components Not Included							
Asphalt Seal Coat
Building Sign	Unfunded
Unfunded						
Ceiling Fans
Community Signs	Unfunded
Unfunded						
Concrete Curbs/Walks
Doors/Windows	Unfunded
Unfunded						
Dumpster Enclosure/Gates
Electric Lift	Unfunded
Unfunded						
Fitness Equipment Partial Replace Allowance
Flag Pole	Unfunded
Unfunded						

2031	2032	2033	2034	2035	2036	2037	2038	2039	2040
Description

Gas Grill Irrigation System

Unfunded Unfunded

Components Not Included continued...
Landscaping	Unfunded

Monument Sign Refurbishment Nets/Poles - Tennis Courts

Unfunded Unfunded

Light Poles - Parking Lot	Unfunded
Pond Fountains/Aerators	Unfunded

Pool/Deck Furniture Partial Replacement Railings

Unfunded Unfunded

Pool Filtration Partial Replacement	Unfunded
Rubber Play Surface - Playground	Unfunded

Stormwater Pond Dredging/Pipe/Structures Tennis Court Replacement

Unfunded Unfunded

Shade Structure Fabric - Tennis Courts	Unfunded
Utility Lines	Unfunded

Water Cooler - Tennis Courts Water Coolers

Unfunded Unfunded

Volley Ball Court	Unfunded

Year Total:	24,196	190,213	195,921	106,227	94,139	65,628	708,447

	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	
Beginning Balance	669,086	663,628	848,451	977,437	1,089,119	1,277,414	1,475,610	1,533,349	1,512,321	1,706,789	
Annual Assessment	174,675	176,422	178,186	179,968	181,768	183,586	185,422	187,276	189,148	191,040	
Interest Earned	6,571	8,401	9,678	10,783	12,648	14,610	15,182	14,973	16,899	3,231	
Expenditures	186,703		58,878	79,070	6,121		142,864	223,277	11,580	1,574,714	
Fully Funded Reserves	1,435,404	1,645,417	1,804,683	1,951,696	2,181,732	2,428,479	2,539,765	2,576,335	2,835,858	1,504,830	
Percent Fully Funded	46%	52%	54%	56%	59%	61%	60%	59%	60%	22%	
Ending Balance	663,628	848,451	977,437	1,089,119	1,277,414	1,475,610	1,533,349	1,512,321	1,706,789	326,346	

Description
Misc. Site Components											
Concrete Pavers - Entry											
Concrete Pavers - Resident's Club											
Mail Box Pedestals				11,294							
Street Signs/Poles											
Wood Boardwalk Frame/Rails/Deck (not pilings)											
Misc. Site Components Total:				11,294							
Streets & Parking Lots											
Asphalt Mill/Overlay 1 1/2" - Parking Lot											
Bradley Creek Parkway - 2 Lift										409,943	
Bradley Creek Pkwy - 1 Lift	72,896										
Connector Street										22,450	
Hidden Meadow Court										244,714	
Holly Green Court										56,004	
Laurel Springs Drive - 1 Lift	82,834										
Paddle Creek Drive										161,859	
Ridgeview Drive										156,909	
Sandy Point Court										25,303	
Spring Valley Court										131,880	
Woodbridge Crossing Court										40,190	
Streets & Parking Lots Total:	155,730									1,249,253	

Description	2041	2042	2043	2044	2045	2046	2047	2048	2049	2050	
Site Lighting											
Decorative Light Poles - Amenity
Light Poles Shoebox Fixtures - Tennis Courts											
Site Lighting Total:											
Fencing											
Aluminum Fence - Pool
Chain Link Fence VC 10 Ft - Tennis Courts											
Fencing Total:											
Misc. Building Components											
Aluminum Gutters/DS - Resident's Club & Pavi..
Refurbishment Allowance - Family Restroom								
8,570			
Refurbishment Allowance - Fitness Locker Roo..
Refurbishment Allowance - Pavilion Restrooms								37,982
32,411			
Refurbishment Allowance - Pool Restrooms
Vinyl Railings - Porch								67,102			
Wood Deck - Porch
Misc. Building Components Total:
Roofing								3,333
149,399			
Asphalt Shingles - Pavilion
Asphalt Shingles - Resident's Club											
Metal Roof - Picnic Pavilion
Metal Roof - Pool Monitor											
Metal Roof - Resident's Club
Metal Roof - Tennis Pavilion											
Roofing Total:											
Exterior Painting											
Picnic Pavilion	2,622										
Pool Pavilion	8,967										
Resident's Club	16,763										
Tennis Pavilion	2,622										
Exterior Painting Total:	30,973										

Description

2041	2042	2043	2044	2045	2046	2047	2048	2049	2050

Flooring		
Carpet - Resident's Club Great Room	2,995				
Carpet - Resident's Club Offices	3,125				
Floor Tile - 1st Floor
Floor Tile - Lobby					
Rubber Flooring - Fitness Room
Vinyl Flooring - Kids Zone					
Flooring Total:	6,121				
Cabinets & Tops					
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen			
5,785		
Wood Cabinets & SS Tops - Reception/Conf. Rm			9,963		
Cabinets & Tops Total:			15,748		
Furniture Fixtures & Equipment					
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance				7,786	
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowan..			9,739		
Wall Oven Double				3,793	
Furniture Fixtures & Equipment Total:			9,739	11,580	
HVAC Equipment					
Heat Pump 1 - 10 Ton		30,405			
Heat Pump 2 - 8 Ton		24,324			
Heat Pump 3 - 7 Ton		21,283			
HVAC Equipment Total:		76,012			
Swimming Pool					
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide		
28,504			
Lane Divider Reel
Lane Dividers		
6,043			

Description

2041	2042	2043	2044	2045	2046	2047	2048	2049	2050

Swimming Pool continued...		
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance				9,501			
Pool Lift
Pool Resurfacing/Tile					12,466	
325,461	
Shade Structure Fabric - Pool
Shade Structure Frame - Pool				22,804			
Starting Blocks
Steel Stair Refurbishment Allowance					24,542		
Swimming Pool Total:				66,852	37,008	325,461	
Tennis Courts							
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts			67,777				
Tennis Courts Total:			67,777				
Playground							
Park Bench Expanded Metal					4,675		
Plastic Play Surface Border					6,708		
Play Equipment Allowance		51,647					
Swings Two Bay Arched		7,231					
Playground Total:		58,878			11,383		
Components Not Included							
Asphalt Seal Coat
Building Sign	Unfunded
Unfunded						
Ceiling Fans
Community Signs	Unfunded
Unfunded						
Concrete Curbs/Walks
Doors/Windows	Unfunded
Unfunded						
Dumpster Enclosure/Gates
Electric Lift	Unfunded
Unfunded						
Fitness Equipment Partial Replace Allowance
Flag Pole	Unfunded
Unfunded						

2041	2042	2043	2044	2045	2046	2047	2048	2049	2050
Description

Gas Grill Irrigation System

Unfunded Unfunded

Components Not Included continued...
Landscaping	Unfunded

Monument Sign Refurbishment Nets/Poles - Tennis Courts

Unfunded Unfunded

Light Poles - Parking Lot	Unfunded
Pond Fountains/Aerators	Unfunded

Pool/Deck Furniture Partial Replacement Railings

Unfunded Unfunded

Pool Filtration Partial Replacement	Unfunded
Rubber Play Surface - Playground	Unfunded

Stormwater Pond Dredging/Pipe/Structures Tennis Court Replacement

Unfunded Unfunded

Shade Structure Fabric - Tennis Courts	Unfunded
Utility Lines	Unfunded

Water Cooler - Tennis Courts Water Coolers

Unfunded Unfunded

Volley Ball Court	Unfunded

Year Total:	186,703	58,878	79,070	6,121	142,864	223,277	11,580	1,574,714

Description		Expenditures	
Replacement Year	2021		
Exterior Painting			
Picnic Pavilion		1,600	
Pool Pavilion		5,472	
Resident's Club		10,230	
Tennis Pavilion		1,600	
Flooring			
Carpet - Resident's Club Great Room	1,656	
Carpet - Resident's Club Offices	1,728	
Total for 2021	$22,286	
No Replacement in 2022		
Replacement Year 2023		
HVAC Equipment		
Heat Pump 1 - 10 Ton	16,810	
Heat Pump 2 - 8 Ton	13,448	
Heat Pump 3 - 7 Ton	11,767	
Swimming Pool
Fiberglass Refurbishment Allow - Pool Slide	
15,759	
Lane Dividers	3,341	
Play Equip. Refurbishment Allow - Splash Pool	5,253	
Shade Structure Fabric - Pool	12,607	
Tennis Courts
Asphalt Resufacing (color coat)	
40,353	
Total for 2023	$119,339	
No Replacement in 2024		
Replacement Year 2025		
Furniture Fixtures & Equipment		
Appliance Package - Kitchen	4,305	
Wall Oven Double	2,097	
Total for 2025	
$6,402	

Description	Expenditures	
Replacement Year 2026		
Swimming Pool
Pool Resurfacing/Tile	
179,939	
Total for 2026	
$179,939	
No Replacement in 2027		
Replacement Year 2028		
Misc. Building Components
Refurbishment Allowance - Family Restroom	
5,230	
Refurbishment Allowance - Fitness Locker Rooms	23,179	
Refurbishment Allowance - Pavilion Restrooms	19,780	
Refurbishment Allowance - Pool Restrooms	40,950	
Wood Deck - Porch	2,034	
Cabinets & Tops
Wood Cabinets & SS Tops - Kitchen	3,530
Wood Cabinets & SS Tops - Reception/Conf. Rm	6,080
Furniture Fixtures & Equipment
Furniture Allowance - Resident's Club	5,943
Swimming Pool
Pool Lift	7,608
Starting Blocks	14,977
Playground
Park Bench Expanded Metal	2,853	
Plastic Play Surface Border	4,094	
Play Equipment Allowance	35,661	
Swings Two Bay Arched	4,992	
Total for 2028	$176,912	
No Replacement in 2029		
Replacement Year 2030		
Streets & Parking Lots
Asphalt Mill/Overlay 1 1/2" - Parking Lot	
117,976	
Bradley Creek Parkway - 2 Lift	250,176	

Description	Expenditures	
Replacement Year 2030 continued...		
Connector Street	13,701	
Hidden Meadow Court	149,342	
Holly Green Court	34,178	
Paddle Creek Drive	98,778	
Ridgeview Drive	95,757	
Sandy Point Court	15,442	
Spring Valley Court	80,483	
Woodbridge Crossing Court	24,527	
Furniture Fixtures & Equipment		
Pool/Deck Furniture Full Replacement Allowance	37,466	
Tennis Courts		
Asphalt Resufacing (color coat)	47,967	
Total for 2030	$965,792	
Replacement Year 2031		
Exterior Painting		
Picnic Pavilion	2,048	
Pool Pavilion	7,005	
Resident's Club	13,095	
Tennis Pavilion	2,048	
Total for 2031	
$24,196	
Replacement Year 2032		
Site Lighting		
Decorative Light Poles - Amenity	44,086	
Light Poles Shoebox Fixtures - Tennis Courts	85,023	
Fencing			
Chain Link Fence VC 10 Ft - Tennis Courts	61,103	
Total for 2032	$190,213	
Replacement Year 2033		
Misc. Site Components		
Concrete Pavers - Entry	16,784	
Wood Boardwalk Frame/Rails/Deck (not pilings)	85,858	

Description	Expenditures	
Replacement Year 2033 continued...		
Flooring
Carpet - Resident's Club Great Room	
2,227	
Carpet - Resident's Club Offices	2,324	
Rubber Flooring - Fitness Room	3,013	
Vinyl Flooring - Kids Zone	5,560	
Cabinets & Tops
Top/Sink - Pavilion	1,345
Swimming Pool
Shade Structure Frame - Pool	45,726
Steel Stair Refurbishment Allowance	20,173
Tennis Courts
Shade Structure Frame - Tennis Courts	12,911	
Total for 2033	$195,921	
No Replacement in 2034		
Replacement Year 2035		
HVAC Equipment		
Heat Pump 1 - 10 Ton	22,608	
Heat Pump 2 - 8 Ton	18,086	
Heat Pump 3 - 7 Ton	15,825	
Swimming Pool
Fiberglass Refurbishment Allow - Pool Slide	
21,195	
Lane Dividers	4,493	
Play Equip. Refurbishment Allow - Splash Pool	7,065	
Shade Structure Fabric - Pool	16,956	
Total for 2035	$106,227	
Replacement Year 2036		
Furniture Fixtures & Equipment		
Fitness Equip. Full Replace Allowance	36,207	
Swimming Pool		
Pool Filtration Refurbishment Allowance	57,932
Total for 2036	$94,139

Description	Expenditures

Replacement Year 2037 Furniture Fixtures & Equipment
Appliance Package - Kitchen	5,790
Wall Oven Double	2,821

Tennis Courts
Asphalt Resufacing (color coat)	
57,018	
Total for 2037	$65,628	
Replacement Year 2038		
Misc. Site Components		
Concrete Pavers - Resident's Club	12,526	
Street Signs/Poles	31,041	
Fencing
Aluminum Fence - Pool	
38,467	
Misc. Building Components		
Aluminum Gutters/DS - Resident's Club & Pavilion	4,517	
Vinyl Railings - Porch	4,101	
Roofing
Asphalt Shingles - Pavilion	
29,945	
Asphalt Shingles - Resident's Club	70,116	
Metal Roof - Picnic Pavilion	5,365	
Metal Roof - Pool Monitor	2,255	
Metal Roof - Resident's Club	8,474	
Metal Roof - Tennis Pavilion	6,172	
Flooring
Floor Tile - 1st Floor	7,888
Floor Tile - Lobby	6,208
Swimming Pool
Concrete Pavers - Pool	235,267	
Lane Divider Reel	4,108	
Pool Resurfacing/Tile	241,998	
Total for 2038	$708,447	
No Replacement in 2039 No Replacement in 2040		

Description	Expenditures	
Replacement Year 2041		
Streets & Parking Lots		
Bradley Creek Pkwy - 1 Lift	72,896	
Laurel Springs Drive - 1 Lift	82,834	
Exterior Painting		
Picnic Pavilion	2,622	
Pool Pavilion	8,967	
Resident's Club	16,763	
Tennis Pavilion	2,622	
Total for 2041	
$186,703	
No Replacement in 2042		
Replacement Year 2043		
Playground		
Play Equipment Allowance	51,647	
Swings Two Bay Arched	7,231	
Total for 2043	
$58,878	
Replacement Year 2044		
Misc. Site Components		
Mail Box Pedestals	11,294	
Tennis Courts		
Asphalt Resufacing (color coat)	67,777	
Total for 2044	$79,070	
Replacement Year 2045		
Flooring		
Carpet - Resident's Club Great Room	2,995	
Carpet - Resident's Club Offices	3,125	
Total for 2045	
$6,121	
No Replacement in 2046		
Replacement Year 2047		
HVAC Equipment		
Heat Pump 1 - 10 Ton	30,405	

Description	Expenditures

Replacement Year 2047 continued...
Heat Pump 2 - 8 Ton	24,324
Heat Pump 3 - 7 Ton	21,283
Swimming Pool
Fiberglass Refurbishment Allow - Pool Slide	28,504	
Lane Dividers	6,043	
Play Equip. Refurbishment Allow - Splash Pool	9,501	
Shade Structure Fabric - Pool	22,804	
Total for 2047	$142,864	
Replacement Year 2048		
Misc. Building Components
Refurbishment Allowance - Family Restroom	
8,570	
Refurbishment Allowance - Fitness Locker Rooms	37,982	
Refurbishment Allowance - Pavilion Restrooms	32,411	
Refurbishment Allowance - Pool Restrooms	67,102	
Wood Deck - Porch	3,333	
Cabinets & Tops
Wood Cabinets & SS Tops - Kitchen	5,785
Wood Cabinets & SS Tops - Reception/Conf. Rm	9,963
Furniture Fixtures & Equipment
Furniture Allowance - Resident's Club	9,739
Swimming Pool
Pool Lift	12,466
Starting Blocks	24,542
Playground
Park Bench Expanded Metal	4,675	
Plastic Play Surface Border	6,708	
Total for 2048	$223,277	
Replacement Year 2049		
Furniture Fixtures & Equipment
Appliance Package - Kitchen	
7,786	
Wall Oven Double	3,793	
Total for 2049	
$11,580	

Description	Expenditures	
Replacement Year 2050		
Streets & Parking Lots
Bradley Creek Parkway - 2 Lift	
409,943	
Connector Street	22,450	
Hidden Meadow Court	244,714	
Holly Green Court	56,004	
Paddle Creek Drive	161,859	
Ridgeview Drive	156,909	
Sandy Point Court	25,303	
Spring Valley Court	131,880	
Woodbridge Crossing Court	40,190	
Swimming Pool
Pool Resurfacing/Tile	325,461
Total for 2050	$1,574,714

Green Cove Springs, Florida
Asset Current Cost by Category

Description		
Misc. Site Components
Concrete Pavers - Entry	2009	
2033	
25	
0	
12	
1,560 Square Feet	
8.00	
12,480	
Concrete Pavers - Resident's Club	2009	2038	30	0	17	1,029 Square Feet	8.00	8,232	
Mail Box Pedestals	2020	2044	25	0	23	4 Each	1,600.00	6,400	
Street Signs/Poles	2009	2038	30	0	17	17 Each	1,200.00	20,400	
Wood Boardwalk Frame/Rails/Deck (not pili..2009	2033	25	0	12	2,280 Square Feet	28.00	  63,840	
Misc. Site Components - Total							$111,352	
Streets & Parking Lots
Asphalt Mill/Overlay 1 1/2" - Parking Lot	2009	
2030	
22	
0	
9	
5,623 Square Yards	
16.80	
94,466	
Bradley Creek Parkway - 2 Lift	2009	2030	20	2	9	11,924 Square Yards	16.80	200,323	
Bradley Creek Pkwy - 1 Lift	2022	2041	20	20	20	2,648 Square Yards	16.80	44,486	
Connector Street	2009	2030	20	2	9	653 Square Yards	16.80	10,970	
Hidden Meadow Court	2009	2030	20	2	9	7,118 Square Yards	16.80	119,582	
Holly Green Court	2009	2030	20	2	9	1,629 Square Yards	16.80	27,367	
Laurel Springs Drive - 1 Lift	2022	2041	20	20	20	3,009 Square Yards	16.80	50,551	
Paddle Creek Drive	2009	2030	20	2	9	4,708 Square Yards	16.80	79,094	
Ridgeview Drive	2009	2030	20	2	9	4,564 Square Yards	16.80	76,675	
Sandy Point Court	2009	2030	20	2	9	736 Square Yards	16.80	12,365	
Spring Valley Court	2009	2030	20	2	9	3,836 Square Yards	16.80	64,445	
Woodbridge Crossing Court	2009	2030	20	2	9	1,169 Square Yards	16.80	  19,639	
Streets & Parking Lots - Total							$799,966	
Site Lighting
Decorative Light Poles - Amenity	2009	
2032	
24	
0	
11	
16 Each	
2,100.00	
33,600	
Light Poles Shoebox Fixtures - Tennis Courts2009	2032	24	0	11	36 Each	1,800.00	 64,800	
Site Lighting - Total							$98,400	
Fencing
Aluminum Fence - Pool	2009	
2038	
30	
0	
17	
790 Lineal Feet	
32.00	
25,280	
Chain Link Fence VC 10 Ft - Tennis Courts 2009	2032	24	0	11	1,386 Lineal Feet	33.60	 46,570	
Fencing - Total							$71,850	
Misc. Building Components
Aluminum Gutters/DS - Resident's Club & .. 2009	
2038	
30	
0	
17	
362 Lineal Feet	
8.20	
2,968	
Refurbishment Allowance - Family Restroom 2009	2028	20	0	7	2 Each	2,200.00	4,400	
Refurbishment Allowance - Fitness Locker .. 2009	2028	20	0	7	300 Square Feet	65.00	19,500	
Refurbishment Allowance - Pavilion Restroo..2009	2028	20	0	7	256 Square Feet	65.00	16,640	
Refurbishment Allowance - Pool Restrooms 2009	2028	20	0	7	530 Square Feet	65.00	34,450	
Vinyl Railings - Porch	2009	2038	30	0	17	49 Lineal Feet	55.00	2,695	
Wood Deck - Porch	2009	2028	20	0	7	248 Square Feet	6.90	  1,711	
Misc. Building Components - Total							$82,365	

Description		
Roofing
Asphalt Shingles - Pavilion	
2009	
2038	
30	
0	
17	
41 Squares	
480.00	
19,680	
Asphalt Shingles - Resident's Club	2009	2038	30	0	17	96 Squares	480.00	46,080	
Metal Roof - Picnic Pavilion	2009	2038	30	0	17	452 Square Feet	7.80	3,526	
Metal Roof - Pool Monitor	2009	2038	30	0	17	190 Square Feet	7.80	1,482	
Metal Roof - Resident's Club	2009	2038	30	0	17	714 Square Feet	7.80	5,569	
Metal Roof - Tennis Pavilion	2009	2038	30	0	17	520 Square Feet	7.80	  4,056	
Roofing - Total								$80,393	
Exterior Painting
Picnic Pavilion	
2009	
2021	
10	
0	
0	
1 Lump Sum	
1,600.00	
1,600	
Pool Pavilion	2009	2021	10	0	0	3,420 Square Feet	1.60	5,472	
Resident's Club	2009	2021	10	0	0	6,200 Square Feet	1.65	10,230	
Tennis Pavilion	2009	2021	10	0	0	1 Lump Sum	1,600.00	  1,600	
Exterior Painting - Total								$18,902	
Flooring
Carpet - Resident's Club Great Room	
2009	
2021	
12	
0	
0	
46 Square Yards	
36.00	
1,656	
Carpet - Resident's Club Offices	2009	2021	12	0	0	48 Square Yards	36.00	1,728	
Floor Tile - 1st Floor	2009	2038	30	0	17	432 Square Feet	12.00	5,184	
Floor Tile - Lobby	2009	2038	30	0	17	340 Square Feet	12.00	4,080	
Rubber Flooring - Fitness Room	2009	2033	25	0	12	56 Square Yards	40.00	2,240	
Vinyl Flooring - Kids Zone	2009	2033	25	0	12	780 Square Feet	5.30	  4,134	
Flooring - Total								$19,022	
Cabinets & Tops
Top/Sink - Pavilion	
2009	
2033	
25	
0	
12	
1 Each	
1,000.00	
1,000	
Wood Cabinets & SS Tops - Kitchen	2009	2028	20	0	7	18 Lineal Feet	165.00	2,970	
Wood Cabinets & SS Tops - Reception/Conf..	2009	2028	20	0	7	31 Lineal Feet	165.00	 5,115	
Cabinets & Tops - Total								$9,085	
Furniture Fixtures & Equipment
Appliance Package - Kitchen	
2009	
2025	
12	
5	
4	
1 Lump Sum	
3,900.00	
3,900	
Fitness Equip. Full Replace Allowance	2009	2036	25	3	15	1 Lump Sum	25,000.00	25,000	
Furniture Allowance - Resident's Club	2009	2028	20	0	7	1 Lump Sum	5,000.00	5,000	
Pool/Deck Furniture Full Replacement Allo..	2009	2030	22	0	9	1 Lump Sum	30,000.00	30,000	
Wall Oven Double	2009	2025	12	5	4	1 Each	1,900.00	  1,900	
Furniture Fixtures & Equipment - Total								$65,800	
HVAC Equipment
Heat Pump 1 - 10 Ton	
2009	
2023	
12	
3	
2	
1 Each	
16,000.00	
16,000	
Heat Pump 2 - 8 Ton	2009	2023	12	3	2	1 Each	12,800.00	12,800	
Heat Pump 3 - 7 Ton	2009	2023	12	3	2	1 Each	11,200.00	 11,200	
HVAC Equipment - Total								$40,000	

Description
Swimming Pool
Concrete Pavers - Pool	2009	2038	30	0	17	19,327 Square Feet	8.00	154,616	
Fiberglass Refurbishment Allow - Pool Slide 2009	2023	12	3	2	1 Lump Sum	15,000.00	15,000	
Lane Divider Reel	2009	2038	30	0	17	1 Each	2,700.00	2,700	
Lane Dividers	2009	2023	12	3	2	6 Lanes	530.00	3,180	
Play Equip. Refurbishment Allow - Splash P..	2009	2023	12	3	2	1 Lump Sum	5,000.00	5,000	
Pool Filtration Refurbishment Allowance	2007	2036	30	0	15	1 Lump Sum	40,000.00	40,000	
Pool Lift	2009	2028	20	0	7	2 Each	3,200.00	6,400	
Pool Resurfacing/Tile	2009	2026	12	6	5	11,200 Square Feet	14.20	159,040	
Shade Structure Fabric - Pool	2009	2023	12	3	2	5 Each	2,400.00	12,000	
Shade Structure Frame - Pool	2009	2033	25	0	12	5 Each	6,800.00	34,000	
Starting Blocks	2009	2028	20	0	7	6 Each	2,100.00	12,600	
Steel Stair Refurbishment Allowance	2009	2033	25	0	12	1 Lump Sum	15,000.00	  15,000	
Swimming Pool - Total								$459,536	
Tennis Courts
Asphalt Resufacing (color coat)	
2016	
2023	
7	
1	
2	
4,684 Square Yards	
8.20	
38,409	
Shade Structure Frame - Tennis Courts	2009	2033	25	0	12	3 Each	3,200.00	  9,600	
Tennis Courts - Total								$48,009	
Playground
Park Bench Expanded Metal	
2009	
2028	
20	
0	
7	
2 Each	
1,200.00	
2,400	
Plastic Play Surface Border	2009	2028	20	0	7	246 Lineal Feet	14.00	3,444	
Play Equipment Allowance	2009	2028	15	5	7	1 Lump Sum	30,000.00	30,000	
Swings Two Bay Arched	2009	2028	15	5	7	1 Each	4,200.00	  4,200	
Playground - Total								$40,044	
Components Not Included
Asphalt Seal Coat	Unfunded
Building Sign	Unfunded
Ceiling Fans	Unfunded
Community Signs	Unfunded
Concrete Curbs/Walks	Unfunded
Doors/Windows	Unfunded
Dumpster Enclosure/Gates	Unfunded
Electric Lift	Unfunded
Fitness Equipment Partial Replace Allowance	Unfunded
Flag Pole	Unfunded
Gas Grill	Unfunded
Irrigation System	Unfunded
Landscaping	Unfunded
Light Poles - Parking Lot	Unfunded
Monument Sign Refurbishment	Unfunded
Nets/Poles - Tennis Courts	Unfunded
Pond Fountains/Aerators	Unfunded

Description
Components Not Included continued...
Pool Filtration Partial Replacement	Unfunded Pool/Deck Furniture Partial Replacement	Unfunded Railings	Unfunded
Rubber Play Surface - Playground	Unfunded Shade Structure Fabric - Tennis Courts	Unfunded Stormwater Pond Dredging/Pipe/Structures	Unfunded Tennis Court Replacement	Unfunded
Utility Lines	Unfunded
Volley Ball Court	Unfunded
Water Cooler - Tennis Courts	Unfunded
Water Coolers	Unfunded
Components Not Included - Total

Total Asset Summary	$1,944,722

Asset IDDescription	Replacement	Page

Misc. Site Components
1073	Concrete Pavers - Entry	2033	5-9	
1003	Concrete Pavers - Resident's Club	2038	5-9	
1077	Mail Box Pedestals	2044	5-10	
1075	Street Signs/Poles	2038	5-10	
1094	Wood Boardwalk Frame/Rails/Deck (not pilings)	2033	5-11	

Streets & Parking Lots	
1067	Asphalt Mill/Overlay 1 1/2" - Parking Lot	2030	5-12	
1080	Bradley Creek Parkway - 2 Lift	2030	5-12	
1089	Bradley Creek Pkwy - 1 Lift	2041	5-13	
1090	Connector Street	2030	5-13	
1082	Hidden Meadow Court	2030	5-13	
1088	Holly Green Court	2030	5-14	
1081	Laurel Springs Drive - 1 Lift	2041	5-14	
1084	Paddle Creek Drive	2030	5-14	
1087	Ridgeview Drive	2030	5-15	
1085	Sandy Point Court	2030	5-15	
1086	Spring Valley Court	2030	5-15	
1093	Woodbridge Crossing Court	2030	5-16	

Site Lighting	
1031	Decorative Light Poles - Amenity	2032	5-17	
1059	Light Poles Shoebox Fixtures - Tennis Courts	2032	5-17	
Fencing				
1029	Aluminum Fence - Pool	2038	5-18	
1057	Chain Link Fence VC 10 Ft - Tennis Courts	2032	5-18	

Misc. Building Components	
1018	Aluminum Gutters/DS - Resident's Club & Pavilion	2038	5-19	
1013	Refurbishment Allowance - Family Restroom	2028	5-19	
1012	Refurbishment Allowance - Fitness Locker Rooms	2028	5-20	
1054	Refurbishment Allowance - Pavilion Restrooms	2028	5-20	
1028	Refurbishment Allowance - Pool Restrooms	2028	5-21	
1019	Vinyl Railings - Porch	2038	5-21	
1020	Wood Deck - Porch	2028	5-22	

Asset IDDescription	Replacement	Page

Roofing				
1051	Asphalt Shingles - Pavilion	2038	5-23	
1001	Asphalt Shingles - Resident's Club	2038	5-23	
1095	Metal Roof - Picnic Pavilion	2038	5-24	
1026	Metal Roof - Pool Monitor	2038	5-24	
1091	Metal Roof - Resident's Club	2038	5-25	
1063	Metal Roof - Tennis Pavilion	2038	5-25	

Exterior Painting	
1096	Picnic Pavilion	2021	5-26	
1066	Pool Pavilion	2021	5-26	
1092	Resident's Club	2021	5-27	
1065	Tennis Pavilion	2021	5-27	

Flooring
1014	

Carpet - Resident's Club Great Room	

2021	

5-28	
1006	Carpet - Resident's Club Offices	2021	5-28	
1102	Floor Tile - 1st Floor	2038	5-29	
1009	Floor Tile - Lobby	2038	5-29	
1010	Rubber Flooring - Fitness Room	2033	5-30	
1103	Vinyl Flooring - Kids Zone	2033	5-30	

Cabinets & Tops	
1053	Top/Sink - Pavilion	2033	5-31	
1015	Wood Cabinets & SS Tops - Kitchen	2028	5-31	
1007	Wood Cabinets & SS Tops - Reception/Conf. Rm	2028	5-32	

Furniture Fixtures & Equipment	
1017	Appliance Package - Kitchen	2025	5-33	
1106	Fitness Equip. Full Replace Allowance	2036	5-33	
1016	Furniture Allowance - Resident's Club	2028	5-34	
1039	Pool/Deck Furniture Full Replacement Allowance	2030	5-35	
1025	Wall Oven Double	2025	5-35	

HVAC Equipment	
1105	Heat Pump 1 - 10 Ton	2023	5-36	
1104	Heat Pump 2 - 8 Ton	2023	5-36	
1023	Heat Pump 3 - 7 Ton	2023	5-36	

Asset IDDescription	Replacement	Page

Swimming Pool
1030	Concrete Pavers - Pool	2038	5-37	
1036	Fiberglass Refurbishment Allow - Pool Slide	2023	5-37	
1055	Lane Divider Reel	2038	5-38	
1056	Lane Dividers	2023	5-38	
1043	Play Equip. Refurbishment Allow - Splash Pool	2023	5-39	
1107	Pool Filtration Refurbishment Allowance	2036	5-39	
1042	Pool Lift	2028	5-39	
1032	Pool Resurfacing/Tile	2026	5-40	
1035	Shade Structure Fabric - Pool	2023	5-41	
1033	Shade Structure Frame - Pool	2033	5-41	
1037	Starting Blocks	2028	5-42	
1040	Steel Stair Refurbishment Allowance	2033	5-42	

Tennis Courts	
1058	Asphalt Resufacing (color coat)	2023	5-43	
1060	Shade Structure Frame - Tennis Courts	2033	5-43	

Playground	
1049	Park Bench Expanded Metal	2028	5-45	
1046	Plastic Play Surface Border	2028	5-45	
1044	Play Equipment Allowance	2028	5-46	
1048	Swings Two Bay Arched	2028	5-46	

Components Not Included	
1068	Asphalt Seal Coat	Unfunded	5-47	
1005	Building Sign	Unfunded	5-47	
1021	Ceiling Fans	Unfunded	5-48	
1078	Community Signs	Unfunded	5-48	
1071	Concrete Curbs/Walks	Unfunded	5-49	
1022	Doors/Windows	Unfunded	5-49	
1069	Dumpster Enclosure/Gates	Unfunded	5-49	
1008	Electric Lift	Unfunded	5-50	
1011	Fitness Equipment Partial Replace Allowance	Unfunded	5-50	
1002	Flag Pole	Unfunded	5-51	
1052	Gas Grill	Unfunded	5-51	
1099	Irrigation System	Unfunded	5-52	
1100	Landscaping	Unfunded	5-52	

Asset IDDescription	Replacement	Page

Components Not Included Continued...
1070	Light Poles - Parking Lot	Unfunded	5-52	
1074	Monument Sign Refurbishment	Unfunded	5-53	
1064	Nets/Poles - Tennis Courts	Unfunded	5-53	
1101	Pond Fountains/Aerators	Unfunded	5-54	
1108	Pool Filtration Partial Replacement	Unfunded	5-54	
1038	Pool/Deck Furniture Partial Replacement	Unfunded	5-54	
1004	Railings	Unfunded	5-55	
1047	Rubber Play Surface - Playground	Unfunded	5-55	
1061	Shade Structure Fabric - Tennis Courts	Unfunded	5-56	
1076	Stormwater Pond Dredging/Pipe/Structures	Unfunded	5-56	
1045	Tennis Court Replacement	Unfunded	5-57	
1098	Utility Lines	Unfunded	5-57	
1050	Volley Ball Court	Unfunded	5-58	
1062	Water Cooler - Tennis Courts	Unfunded	5-58	
1027	Water Coolers	Unfunded	5-59	

Total Funded Assets	
73	
Total Unfunded Assets	 28	
Total Assets	101	

Concrete Pavers - Entry - 2033

1,560 Square Feet

@ $8.00

Asset ID	1073
Misc. Site Components
Placed in Service	January 2009
Useful Life	25
Replacement Year	2033
Remaining Life	12

Asset Actual Cost	$12,480.00
Percent Replacement	100%
Future Cost	$16,784.21

Concrete Pavers - Resident's Club - 2038

Asset ID	1003
Misc. Site Components
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

1,029 Square Feet	@ $8.00
Asset Actual Cost	$8,232.00
Percent Replacement	100%
Future Cost	$12,525.96

Mail Box Pedestals - 2044

4 Each

@ $1,600.00

Asset ID	1077
Misc. Site Components
Placed in Service	January 2020
Useful Life	25
Replacement Year	2044
Remaining Life	23

Asset Actual Cost	$6,400.00
Percent Replacement	100%
Future Cost	$11,293.51

Street Signs/Poles - 2038

17 Each

@ $1,200.00

Asset ID	1075
Misc. Site Components
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

Asset Actual Cost	$20,400.00
Percent Replacement	100%
Future Cost	$31,041.01

Wood Boardwalk Frame/Rails/Deck (not pilings) - 2033

	2,280 Square Feet	@ $28.00	
Asset ID	1094	Asset Actual Cost	$63,840.00	
		Percent Replacement	100%	
	Misc. Site Components	Future Cost	$85,857.70	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	2033			
Remaining Life	12			

Asphalt Mill/Overlay 1 1/2" - Parking Lot - 2030

	5,623 Square Yards	@ $16.80	
Asset ID	1067	Asset Actual Cost	$94,466.40	
	Percent Replacement	100%	
Streets & Parking Lots	Future Cost	$117,975.59	
Placed in Service	January 2009		
Useful Life	22		
Replacement Year	2030		
Remaining Life	9		

Bradley Creek Parkway - 2 Lift - 2030

Asset ID	1080
Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

11,924 Square Yards		@ $16.80 Asset Actual Cost	$200,323.20 Percent Replacement			100% Future Cost	$250,176.23

Asset ID	1089

Streets & Parking Lots
Placed in Service	January 2022
Useful Life	20
Adjustment	20
Replacement Year	2041

Connector Street - 2030

653 Square Yards

@ $16.80

Remaining Life	20

2,648 Square Yards		@ $16.80 Asset Actual Cost	$44,486.40 Percent Replacement			100%

Bradley Creek Pkwy - 1 Lift - 2041

Future Cost	$72,896.15

Asset ID	1090	Asset Actual Cost	$10,970.40	
		Percent Replacement	100%	
	Streets & Parking Lots	Future Cost	$13,700.53	
Placed in Service	January 2009			
Useful Life	20			
Adjustment	2			
Replacement Year	2030			
Remaining Life	9			

Hidden Meadow Court - 2030
Asset ID	1082

Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

7,118 Square Yards		@ $16.80 Asset Actual Cost	$119,582.40 Percent Replacement			100% Future Cost	$149,342.03

Holly Green Court - 2030
Asset ID	1088
Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030

Laurel Springs Drive - 1 Lift - 2041

Remaining Life	9

1,629 Square Yards		@ $16.80 Asset Actual Cost	$27,367.20 Percent Replacement			100%
Future Cost	$34,177.88

Asset ID	1081

Streets & Parking Lots
Placed in Service	January 2022
Useful Life	20
Adjustment	20
Replacement Year	2041
Remaining Life	20

3,009 Square Yards		@ $16.80 Asset Actual Cost	$50,551.20 Percent Replacement			100%
Future Cost	$82,834.03

Paddle Creek Drive - 2030
Asset ID	1084

Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

4,708 Square Yards		@ $16.80 Asset Actual Cost	$79,094.40 Percent Replacement			100%
Future Cost	$98,778.07

Ridgeview Drive - 2030

4,564 Square Yards

@ $16.80

Asset ID	1087	Asset Actual Cost	$76,675.20	
		Percent Replacement	100%	
	Streets & Parking Lots	Future Cost	$95,756.82	
Placed in Service	January 2009			
Useful Life	20			
Adjustment	2			
Replacement Year	2030			
Remaining Life	9			

Sandy Point Court - 2030
Asset ID	1085
Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

736 Square Yards		@ $16.80 Asset Actual Cost	$12,364.80 Percent Replacement			100%
Future Cost	$15,441.94

Spring Valley Court - 2030
Asset ID	1086

Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

3,836 Square Yards		@ $16.80 Asset Actual Cost	$64,444.80 Percent Replacement			100%
Future Cost	$80,482.72

Woodbridge Crossing Court - 2030

Asset ID	1093
Streets & Parking Lots
Placed in Service	January 2009
Useful Life	20
Adjustment	2
Replacement Year	2030
Remaining Life	9

1,169 Square Yards		@ $16.80 Asset Actual Cost	$19,639.20 Percent Replacement			100%
Future Cost	$24,526.67

Asset ID	1031	Asset Actual Cost	$33,600.00	
		Percent Replacement	100%	
	Site Lighting	Future Cost	$44,086.11	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	2032			
Remaining Life	11			

Decorative Light Poles - Amenity - 2032

16 Each

@ $2,100.00

Light Poles Shoebox Fixtures - Tennis Courts - 2032

	36 Each	@ $1,800.00	
Asset ID	1059	Asset Actual Cost	$64,800.00	
		Percent Replacement	100%	
	Site Lighting	Future Cost	$85,023.22	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	2032			
Remaining Life	11			

Aluminum Fence - Pool - 2038

790 Lineal Feet

@ $32.00

Asset ID	1029
Fencing
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

Asset Actual Cost	$25,280.00
Percent Replacement	100%
Future Cost	$38,466.51

Chain Link Fence VC 10 Ft - Tennis Courts - 2032

		1,386 Lineal Feet	@ $33.60	
Asset ID	1057	Asset Actual Cost	$46,569.60	
		Percent Replacement	100%	
	Fencing	Future Cost	$61,103.35	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	2032			
Remaining Life	11			

Aluminum Gutters/DS - Resident's Club & Pavilion - 2038

Asset ID	1018
Misc. Building Components
Placed in Service	January 2009	
Useful Life	30	
Replacement Year	2038	
Remaining Life	17	

Asset ID	1013

Misc. Building Components

362 Lineal Feet	@ $8.20
Asset Actual Cost	$2,968.40
Percent Replacement	100%
Future Cost	$4,516.77

Refurbishment Allowance - Family Restroom - 2028

2 Each	@ $2,200.00 Asset Actual Cost		$4,400.00
Percent Replacement	100%
Future Cost	$5,230.22

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Refurbishment Allowance - Fitness Locker Rooms - 2028

Asset ID	1012
Misc. Building Components
Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Asset ID	1054

Misc. Building Components

300 Square Feet		@ $65.00 Asset Actual Cost	$19,500.00 Percent Replacement			100%

Future Cost	$23,179.37

Refurbishment Allowance - Pavilion Restrooms - 2028

256 Square Feet		@ $65.00 Asset Actual Cost	$16,640.00 Percent Replacement			100%
Future Cost	$19,779.73

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Refurbishment Allowance - Pool Restrooms - 2028

Asset ID	1028
Misc. Building Components
Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Asset ID	1019

Misc. Building Components

530 Square Feet		@ $65.00 Asset Actual Cost	$34,450.00 Percent Replacement			100%
Future Cost	$40,950.22

Vinyl Railings - Porch - 2038

49 Lineal Feet

@ $55.00

Asset Actual Cost	$2,695.00
Percent Replacement	100%
Future Cost	$4,100.76

Placed in Service	January 2009	
Useful Life	30	
Replacement Year	2038	
Remaining Life	17	

Wood Deck - Porch - 2028
Asset ID	1020
Misc. Building Components

248 Square Feet	@ $6.90
Asset Actual Cost	$1,711.20
Percent Replacement	100%
Future Cost	$2,034.08

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Asphalt Shingles - Pavilion - 2038

41 Squares

@ $480.00

Asset ID	1051
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

Asset Actual Cost	$19,680.00
Percent Replacement	100%
Future Cost	$29,945.45

Asphalt Shingles - Resident's Club - 2038

Asset ID	1001
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

96 Squares		@ $480.00 Asset Actual Cost	$46,080.00 Percent Replacement			100%
Future Cost	$70,116.17

 

Metal Roof - Picnic Pavilion - 2038

	452 Square Feet	@ $7.80	
Asset ID	1095	Asset Actual Cost	$3,525.60	
		Percent Replacement	100%	
	Roofing	Future Cost	$5,364.62	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

Metal Roof - Pool Monitor - 2038

190 Square Feet

@ $7.80

Asset ID	1026
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

Asset Actual Cost	$1,482.00
Percent Replacement	100%
Future Cost	$2,255.04

Metal Roof - Resident's Club - 2038

		714 Square Feet	@ $7.80	
Asset ID	1091	Asset Actual Cost	$5,569.20	
		Percent Replacement	100%	
	Roofing	Future Cost	$8,474.20	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

Metal Roof - Tennis Pavilion - 2038

	520 Square Feet	@ $7.80	
Asset ID	1063	Asset Actual Cost	$4,056.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$6,171.68	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

Pool Pavilion - 2021

Picnic Pavilion - 2021

Asset ID	1096	Asset Actual Cost	$1,600.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$1,600.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	2021			
Remaining Life	0			

1 Lump Sum

@ $1,600.00

3,420 Square Feet

@ $1.60

Asset ID	1066	Asset Actual Cost	$5,472.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$5,472.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	2021			
Remaining Life	0			

Tennis Pavilion - 2021

Resident's Club - 2021

Asset ID	1092	Asset Actual Cost	$10,230.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$10,230.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	2021			
Remaining Life	0			

6,200 Square Feet

@ $1.65

1 Lump Sum

@ $1,600.00

Asset ID	1065	Asset Actual Cost	$1,600.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$1,600.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	2021			
Remaining Life	0			

Carpet - Resident's Club Great Room - 2021

		46 Square Yards	@ $36.00	
Asset ID	1014	Asset Actual Cost	$1,656.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$1,656.00	
Placed in Service	January 2009			
Useful Life	12			
Replacement Year	2021			
Remaining Life	0			

Carpet - Resident's Club Offices - 2021

	48 Square Yards	@ $36.00	
Asset ID	1006	Asset Actual Cost	$1,728.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$1,728.00	
Placed in Service	January 2009			
Useful Life	12			
Replacement Year	2021			
Remaining Life	0			

Floor Tile - Lobby - 2038

Floor Tile - 1st Floor - 2038

Asset ID	1102	Asset Actual Cost	$5,184.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$7,888.07	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

432 Square Feet

@ $12.00

340 Square Feet

@ $12.00

Asset ID	1009	Asset Actual Cost	$4,080.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$6,208.20	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

Rubber Flooring - Fitness Room - 2033

		56 Square Yards	@ $40.00	
Asset ID	1010	Asset Actual Cost	$2,240.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$3,012.55	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	2033			
Remaining Life	12			

Vinyl Flooring - Kids Zone - 2033

780 Square Feet

@ $5.30

Asset ID	1103
Flooring
Placed in Service	January 2009
Useful Life	25
Replacement Year	2033
Remaining Life	12

Asset Actual Cost	$4,134.00
Percent Replacement	100%
Future Cost	$5,559.77

Top/Sink - Pavilion - 2033

1 Each

@ $1,000.00

Asset ID	1053
Cabinets & Tops
Placed in Service	January 2009
Useful Life	25
Replacement Year	2033
Remaining Life	12

Asset Actual Cost	$1,000.00
Percent Replacement	100%
Future Cost	$1,344.89

Wood Cabinets & SS Tops - Kitchen - 2028

		18 Lineal Feet	@ $165.00	
Asset ID	1015	Asset Actual Cost	$2,970.00	
		Percent Replacement	100%	
	Cabinets & Tops	Future Cost	$3,530.40	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	2028			
Remaining Life	7			

Wood Cabinets & SS Tops - Reception/Conf. Rm - 2028

		31 Lineal Feet	@ $165.00	
Asset ID	1007	Asset Actual Cost	$5,115.00	
		Percent Replacement	100%	
	Cabinets & Tops	Future Cost	$6,080.13	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	2028			
Remaining Life	7			

Appliance Package - Kitchen - 2025

Asset ID	1017
Furniture Fixtures & Equipment
Placed in Service	January 2009	
Useful Life	12	
Adjustment	5	
Replacement Year	2025	
Remaining Life	4	

Asset ID	1106

Furniture Fixtures & Equipment

1 Lump Sum	@ $3,900.00 Asset Actual Cost		$3,900.00
Percent Replacement	100%

Future Cost	$4,304.87

Fitness Equip. Full Replace Allowance - 2036

1 Lump Sum	 @ $25,000.00 Asset Actual Cost	$25,000.00 Percent Replacement		100%
Future Cost	$36,207.45

Placed in Service	January 2009	
Useful Life	25	
Adjustment	3	
Replacement Year	2036	
Remaining Life	15	

Fitness Equip. Full Replace Allowance continued...

Furniture Allowance - Resident's Club - 2028

Asset ID	1016
Furniture Fixtures & Equipment

1 Lump Sum	@ $5,000.00 Asset Actual Cost		$5,000.00
Percent Replacement	100%
Future Cost	$5,943.43

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	2028	
Remaining Life	7	

Pool/Deck Furniture Full Replacement Allowance - 2030

Asset ID	1039
Furniture Fixtures & Equipment
Placed in Service	January 2009	
Useful Life	22	
Replacement Year	2030	
Remaining Life	9	

Asset ID	1025

Furniture Fixtures & Equipment

1 Lump Sum	 @ $30,000.00 Asset Actual Cost	$30,000.00 Percent Replacement		100%
Future Cost	$37,465.89

Wall Oven Double - 2025

1 Each

@ $1,900.00

Asset Actual Cost	$1,900.00
Percent Replacement	100%
Future Cost	$2,097.24

Placed in Service	January 2009	
Useful Life	12	
Adjustment	5	
Replacement Year	2025	
Remaining Life	4	

Heat Pump 1 - 10 Ton - 2023

1 Each	@ $16,000.00

Asset ID	1105
HVAC Equipment
Placed in Service	January 2009
Useful Life	12
Adjustment	3
Replacement Year	2023
Remaining Life	2

Asset Actual Cost	$16,000.00
Percent Replacement	100%
Future Cost	$16,810.00

Heat Pump 2 - 8 Ton - 2023

1 Each	@ $12,800.00

Asset ID	1104
HVAC Equipment
Placed in Service	January 2009
Useful Life	12
Adjustment	3
Replacement Year	2023
Remaining Life	2

Asset Actual Cost	$12,800.00
Percent Replacement	100%
Future Cost	$13,448.00

Heat Pump 3 - 7 Ton - 2023

1 Each	@ $11,200.00

Asset ID	1023
HVAC Equipment
Placed in Service	January 2009
Useful Life	12
Adjustment	3
Replacement Year	2023
Remaining Life	2

Asset Actual Cost	$11,200.00
Percent Replacement	100%
Future Cost	$11,767.00

Concrete Pavers - Pool - 2038

19,327 Square Feet

@ $8.00

Asset ID	1030
Swimming Pool
Placed in Service	January 2009
Useful Life	30
Replacement Year	2038
Remaining Life	17

Asset Actual Cost	$154,616.00
Percent Replacement		100% Future Cost	$235,266.53

Fiberglass Refurbishment Allow - Pool Slide - 2023

	1 Lump Sum	@ $15,000.00	
Asset ID	1036	Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$15,759.37	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	2023			
Remaining Life	2			

Lane Dividers - 2023

Lane Divider Reel - 2038

Asset ID	1055	Asset Actual Cost	$2,700.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$4,108.37	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	2038			
Remaining Life	17			

1 Each

@ $2,700.00

6 Lanes

@ $530.00

Asset ID	1056	Asset Actual Cost	$3,180.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$3,340.99	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	2023			
Remaining Life	2			

Po

Play Equip. Refurbishment Allow - Splash Pool - 2023

		1 Lump Sum	@ $5,000.00	
Asset ID	1043	Asset Actual Cost	$5,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$5,253.12	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	2023			
Remaining Life	2			

Pool Filtration Refurbishment Allowance - 2036

	1 Lump Sum	@ $40,000.00	
Asset ID	1107	Asset Actual Cost	$40,000.00	
	Percent Replacement	100%	
Swimming Pool	Future Cost	$57,931.93	
Placed in Service	January 2007		
Useful Life	30		
Replacement Year	2036		
Remaining Life	15		

ol Lift - 2028	2 Each	@ $3,200.00	
Asset ID	1042	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$7,607.59	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	2028			
Remaining Life	7			

Pool Lift continued...

Pool Resurfacing/Tile - 2026

11,200 Square Feet

@ $14.20

Asset ID	1032
Swimming Pool
Placed in Service	January 2009
Useful Life	12
Adjustment	6
Replacement Year	2026
Remaining Life	5

Asset Actual Cost	$159,040.00
Percent Replacement		100% Future Cost	$179,939.16

Asset ID	1035	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$12,607.50	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	2023			
Remaining Life	2			

Shade Structure Fabric - Pool - 2023

5 Each

@ $2,400.00

Shade Structure Frame - Pool - 2033

5 Each

@ $6,800.00

Asset ID	1033	Asset Actual Cost	$34,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$45,726.22	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	2033			
Remaining Life	12			

Starting Blocks - 2028

Asset ID	1037	Asset Actual Cost	$12,600.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$14,977.44	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	2028			
Remaining Life	7			

6 Each

@ $2,100.00

Steel Stair Refurbishment Allowance - 2033

	1 Lump Sum	@ $15,000.00	
Asset ID	1040	Asset Actual Cost	$15,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$20,173.33	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	2033			
Remaining Life	12			

Asphalt Resufacing (color coat) - 2023

		4,684 Square Yards	@ $8.20	
Asset ID	1058	Asset Actual Cost	$38,408.80	
		Percent Replacement	100%	
	Tennis Courts	Future Cost	$40,353.25	
Placed in Service	January 2016			
Useful Life	7			
Adjustment	1			
Replacement Year	2023			
Remaining Life	2			

Shade Structure Frame - Tennis Courts - 2033

	3 Each	@ $3,200.00	
Asset ID	1060	Asset Actual Cost	$9,600.00	
		Percent Replacement	100%	
	Tennis Courts	Future Cost	$12,910.93	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	2033			
Remaining Life	12			

Shade Structure Frame - Tennis Courts continued...

Park Bench Expanded Metal - 2028

2 Each

@ $1,200.00

Plastic Play Surface Border - 2028

246 Lineal Feet

@ $14.00

Asset ID	1046
Playground
Placed in Service	January 2009
Useful Life	20
Replacement Year	2028
Remaining Life	7

Asset Actual Cost	$3,444.00
Percent Replacement	100%
Future Cost	$4,093.83

Asset ID	1049	Asset Actual Cost	$2,400.00	
		Percent Replacement	100%	
	Playground	Future Cost	$2,852.85	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	2028			
Remaining Life	7			

Play Equipment Allowance - 2028

1 Lump Sum	@ $30,000.00

Asset ID	1044
Playground
Placed in Service	January 2009
Useful Life	15
Adjustment	5
Replacement Year	2028
Remaining Life	7

Asset Actual Cost	$30,000.00
Percent Replacement	100%
Future Cost	$35,660.57

Swings Two Bay Arched - 2028

1 Each

@ $4,200.00

Asset ID	1048
Playground
Placed in Service	January 2009
Useful Life	15
Adjustment	5
Replacement Year	2028
Remaining Life	7

Asset Actual Cost	$4,200.00
Percent Replacement	100%
Future Cost	$4,992.48

Asphalt Seal Coat

Asset ID	1068
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Building Sign

Asset ID	1005
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Ceiling Fans

Asset ID	1021
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Community Signs

Asset ID	1078

Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Concrete Curbs/Walks

Asset ID	1071
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Doors/Windows

Asset ID	1022
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Dumpster Enclosure/Gates

Asset ID	1069
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Dumpster Enclosure/Gates continued...

Electric Lift

Asset ID	1008
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Fitness Equipment Partial Replace Allowance

Asset ID	1011

Asset Actual Cost
Percent Replacement	100%

Fitness Equipment Partial Replace Allowance continued...

Flag Pole

Asset ID	1002
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Gas Grill

Asset ID	1052

Asset Actual Cost
Percent Replacement	100%

Gas Grill continued...

Irrigation System

Asset ID	1099
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Landscaping

Asset ID	1100

Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Light Poles - Parking Lot

Asset ID	1070
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Light Poles - Parking Lot continued...

Monument Sign Refurbishment

Asset ID	1074
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Nets/Poles - Tennis Courts

Asset ID	1064
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Nets/Poles - Tennis Courts continued...

Pond Fountains/Aerators

Asset ID	1101
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Filtration Partial Replacement

Asset ID	1108

Components Not Included Placed in Service	January 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool/Deck Furniture Partial Replacement

Asset ID	1038
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool/Deck Furniture Partial Replacement continued...

Railings

Asset ID	1004
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Rubber Play Surface - Playground

Asset ID	1047

Asset Actual Cost
Percent Replacement	100%

Rubber Play Surface - Playground continued...

Shade Structure Fabric - Tennis Courts

Asset ID	1061
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Stormwater Pond Dredging/Pipe/Structures
Asset ID	1076

Asset Actual Cost
Percent Replacement	100%

Stormwater Pond Dredging/Pipe/Structures continued...

Tennis Court Replacement

Asset ID	1045
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Utility Lines
Asset ID	1098

Asset Actual Cost
Percent Replacement	100%

Volley Ball Court

Asset ID	1050
Components Not Included Placed in Service	January 2009

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Cooler - Tennis Courts

Asset ID	1062

Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

 

Water Coolers

Asset ID	1027
Components Not Included Placed in Service	January 2009
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

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

TERMS OF SERVICE

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

DEFINITIONS

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

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

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

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

Effective Age: Difference of useful and remaining useful life.

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

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

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

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

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