Reserve Study Update Rolling Hills CDD

Green Cove Springs, Florida
Prepared for FY 2022 Report Date: May 25, 2022

May 25, 2022

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. At the request of the District no site visit was conducted. We recommend an update with a site visit every three years or sooner if components have been added or removed from the inventory or component damage has occurred.

We have developed a plan to fund future capital component replacements which is dependent on adequate funding, component maintenance, usage, weather and other factors. Component replacement cost is determined using local vendors and industry standard publications. This Reserve Study was prepared under the guidelines of the National Reserve Study Standards which is administrated by CAI and the Standards of Practice establish by APRA.

Once you have reviewed this report and considered recent expenditures and any historic cost data we will make necessary adjustments.

Respectively submitted,

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

SPECIAL NOTICE
THIS RESERVE ANALYLSIS INCLUDED A VISUAL OBSERVATION OF MAJOR COMPONENTS FOR YOUR PROPERTY. NO DISTRUCTION TESTING OR OTHER TESTING WAS CONDUCTED TO DETERMINE COMPONENT CONDITION. OUR ANALYSIS INCLUDES COMPONENTS WITH REPLACEMENT COST AND USEFUL LIFE PROJECTIONS THAT ARE TYPICAL FOR THIS TYPE OF FACILITY.

THIS ANALYSIS IS NOT A SAFETY INSPECTION OR STRUCTURAL INSPECTION AND WE RECOMMEND THE ASSOCIATION CONDUCT THOSE INSPECTIONS ON A REGULAR BASIS WITH OTHER CONSULTANTS.

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary 	 1-1 Financial Summary - Recommended Funding Plan 	 1-2 Recommended Funding Plan VS Fully Funded 	 1-3 Current Funding Plan vs Recommended Funding Plan 	 1-4

CURRENT FUNDING PLAN
Financial Summary - Current Funding Plan 	 2-1 Current Funding Plan vs Fully Funded Plan 	 2-2

CASH FLOW
Income & Expense Spreadsheet 	 3-1

EXPENDITURE DETAIL
Annual Expenditure Detail 	 4-1 Asset Current Cost by Category 	 4-8

COMPONENT INVENTORY
Component Inventory 	 5-1 Component Detail Index 	 5-4 Component Detail 	 5-8

DISCLOSURERS & INFORMATION
Report Navigation 	 6-1 Methodology & Information 	 6-2 Terms of Service 	 6-3 Definitions 	 6-4

Executive Summary

Account Information
Account Name	Rolling Hills CDD	Account Number	1651
City	Green Cove Springs	Last Site Visit	March, 4 2021
State	Florida	Report Date	May, 25 2022
In Service Date	January, 1 2007	Report Version	1
Total Units	Fiscal Year Start	October, 1 2022
Study Level	Level II Update	Fiscal year End	September, 30 2023
Reserve Fund Information
Current Component Replacement Cost	$1,407,847
Number of Components	90
Reserve Fund Beginning Balance	$137,651
Billing Term	Annually

Component Funding (Straight Line)
Recommended First Year Reserve Fund Contribution	$397,071
Interest Rate on Reserve Deposits	0%
Inflation Rate on Replacement Cost	0%

Pooled Cash (Current Funding Plan)
Current Year Reserve Fund Contribution	$75,000
Interest Rate on Reserve Deposits	Variable
Inflation Rate on Replacement Cost	Variable
Annual Contribution Increases	1.0%

Pooled Cash (Recommended Funding Plan)
Recommended First Year Reserve Fund Contribution	$315,023
Interest Rate on Reserve Deposits	Variable
Inflation Rate on Replacement Cost	Variable
Annual Contribution Increases	1.0%

Comments
Street were removed and component cost updated to current replacement cost.
Current funding level is not adequate for future component replacement.
Recommended funding plan requires larger contributions for adequate funding.

Rolling Hills CDD
Financial Summary - Recommended Funding Plan

Begining Balance: $137,651	Fully Funded: $952,522	Tax Rate:0%

Year		

22-23	
1,407,847	
6.0%	
315,023	
0	
3.50%	
10,302	
20,676	
442,300	
1,063,138	
42%	
23-24	1,492,317	5.0%	184,471	0	0.50%	234	442,300	184,705	738,821	25%	
24-25	1,566,933	4.0%	121,494	0	1.00%	1,685		307,885	858,793	36%	
25-26	1,629,611	3.0%	122,709	0	1.50%	4,291	6,899	427,986	970,758	44%	
26-27	1,678,499	3.0%	123,936	0	2.00%	8,285		560,207	1,095,986	51%	
27-28	1,728,854	3.0%	125,176	0	2.50%	13,693		699,076	1,227,854	57%	
28-29	1,780,719	3.0%	126,427	0	3.00%	14,647	199,628	640,522	1,161,752	55%	
29-30	1,834,141	3.0%	127,692	0	3.50%	22,070		790,284	1,302,363	61%	
30-31	1,889,165	3.0%	128,968	0	3.50%	19,601	221,578	717,275	1,222,142	59%	
31-32	1,945,840	3.0%	130,258	0	3.50%	24,846		872,379	1,371,006	64%	
32-33	2,004,215	3.0%	131,561	0	3.50%	22,067	235,814	790,193	1,284,814	62%	
33-34	2,064,342	3.0%	132,876	0	3.50%	19,683	223,049	719,703	1,212,651	59%	
34-35	2,126,272	3.0%	134,205	0	3.50%	25,069		878,977	1,371,635	64%	
35-36	2,190,060	3.0%	135,547	0	3.50%	10,063	589,352	435,236	932,034	47%	
36-37	2,255,762	3.0%	136,903	0	3.50%	11,562	104,148	479,552	982,970	49%	
37-38	2,323,435	3.0%	138,272	0	3.50%	14,243	73,224	558,843	1,071,193	52%	
38-39	2,393,138	3.0%	139,654	0	3.50%	1,274	524,437	175,336	701,339	25%	
39-40	2,464,932	3.0%	141,051	0	3.50%	6,256		322,642	864,704	37%	
40-41	2,538,880	3.0%	142,461	0	3.50%	11,461		476,565	1,037,240	46%	
41-42	2,615,047	3.0%	143,886	0	3.50%	16,898		637,349	1,219,350	52%	
42-43	2,693,498	3.0%	145,325	0	3.50%	21,191	39,557	764,307	1,370,709	56%	
43-44	2,774,303	3.0%	146,778	0	3.50%	24,780	65,424	870,442	1,504,631	58%	
44-45	2,857,532	3.0%	148,246	0	3.50%	27,483	95,821	950,350	1,616,069	59%	
45-46	2,943,258	3.0%	149,728	0	3.50%	33,685		1,133,763	1,834,494	62%	
46-47	3,031,556	3.0%	151,226	0	3.50%	40,157		1,325,146	2,064,571	64%	
47-48	3,122,502	3.0%	152,738	0	3.50%	17,499	840,274	655,108	1,441,319	45%	
48-49	3,216,177	3.0%	154,265	0	3.50%	13,546	284,706	538,213	1,377,013	39%	
49-50	3,312,663	3.0%	155,808	0	3.50%	18,982	14,024	698,979	1,595,151	44%	
50-51	3,412,043	3.0%	157,366	0	3.50%	25,154		881,499	1,840,017	48%	
51-52	3,514,404	3.0%	158,940	0	3.50%	28,242	95,880	972,801	1,999,383	49%	

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

This chart illustrates annual expenditures and compares the current funding plan to the recommended funding plan.

Rolling Hills CDD
Financial Summary - Current Funding Plan

Begining Balance: $137,651	Fully Funded: $952,522	Tax Rate:0%

Year		

22-23	
1,407,847	
6.0%	
75,000	
0	
3.50%	
1,901	
20,676	
193,876	
1,063,138	
18%	
23-24	1,492,317	5.0%	75,750	0	0.50%		442,300	-172,674	738,821		
24-25	1,566,933	4.0%	76,508	0	1.00%			-96,166	858,793		
25-26	1,629,611	3.0%	77,273	0	1.50%		6,899	-25,793	970,758		
26-27	1,678,499	3.0%	78,045	0	2.00%			52,253	1,095,986	5%	
27-28	1,728,854	3.0%	78,826	0	2.50%			131,078	1,227,854	11%	
28-29	1,780,719	3.0%	79,614	0	3.00%		199,628	11,064	1,161,752	1%	
29-30	1,834,141	3.0%	80,410	0	3.50%			91,475	1,302,363	7%	
30-31	1,889,165	3.0%	81,214	0	3.50%		221,578	-48,889	1,222,142		
31-32	1,945,840	3.0%	82,026	0	3.50%			33,138	1,371,006	2%	
32-33	2,004,215	3.0%	82,847	0	3.50%		235,814	-119,829	1,284,814		
33-34	2,064,342	3.0%	83,675	0	3.50%		223,049	-259,204	1,212,651		
34-35	2,126,272	3.0%	84,512	0	3.50%			-174,692	1,371,635		
35-36	2,190,060	3.0%	85,357	0	3.50%		589,352	-678,686	932,034		
36-37	2,255,762	3.0%	86,211	0	3.50%		104,148	-696,624	982,970		
37-38	2,323,435	3.0%	87,073	0	3.50%		73,224	-682,775	1,071,193		
38-39	2,393,138	3.0%	87,943	0	3.50%		524,437	-1,119,268	701,339		
39-40	2,464,932	3.0%	88,823	0	3.50%			-1,030,446	864,704		
40-41	2,538,880	3.0%	89,711	0	3.50%			-940,734	1,037,240		
41-42	2,615,047	3.0%	90,608	0	3.50%			-850,126	1,219,350		
42-43	2,693,498	3.0%	91,514	0	3.50%		39,557	-798,169	1,370,709		
43-44	2,774,303	3.0%	92,429	0	3.50%		65,424	-771,164	1,504,631		
44-45	2,857,532	3.0%	93,354	0	3.50%		95,821	-773,631	1,616,069		
45-46	2,943,258	3.0%	94,287	0	3.50%			-679,344	1,834,494		
46-47	3,031,556	3.0%	95,230	0	3.50%			-584,114	2,064,571		
47-48	3,122,502	3.0%	96,182	0	3.50%		840,274	-1,328,206	1,441,319		
48-49	3,216,177	3.0%	97,144	0	3.50%		284,706	-1,515,767	1,377,013		
49-50	3,312,663	3.0%	98,116	0	3.50%		14,024	-1,431,676	1,595,151		
50-51	3,412,043	3.0%	99,097	0	3.50%			-1,332,579	1,840,017		
51-52	3,514,404	3.0%	100,088	0	3.50%		95,880	-1,328,371	1,999,383		

	22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	
Beginning Balance	137,651	442,300	184,705	307,885	427,986	560,207	699,076	640,522	790,284	717,275	
Annual Assessment	315,023	184,471	121,494	122,709	123,936	125,176	126,427	127,692	128,968	130,258	
Interest Earned	10,302	234	1,685	4,291	8,285	13,693	14,647	22,070	19,601	24,846	
Expenditures	20,676	442,300		6,899			199,628		221,578		
Fully Funded Reserves	1,063,138	738,821	858,793	970,758	1,095,986	1,227,854	1,161,752	1,302,363	1,222,142	1,371,006	
Percent Fully Funded	42%	25%	36%	44%	51%	57%	55%	61%	59%	64%	
Ending Balance	442,300	184,705	307,885	427,986	560,207	699,076	640,522	790,284	717,275	872,379	

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:											
Parking Lot Resurfacing											
Asphalt Mill/Overlay 1 1/2" - Parking Lot									129,781		
Parking Lot Resurfacing Total:									129,781		
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 & Pavilion											
Refurbishment Allowance - Family Restroom							6,577				
Refurbishment Allowance - Fitness Locker Rooms							25,803				

Description

22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32

Misc. Building Components continued...		
Refurbishment Allowance - Pavilion Restrooms			22,019	
Refurbishment Allowance - Pool Restrooms			45,585	
Vinyl Railings - Porch
Wood Deck - Porch			
2,196	
Misc. Building Components Total:			102,180	
Roofing				
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	1,680			
Pool Pavilion	6,156			
Resident's Club	11,160			
Tennis Pavilion	1,680			
Exterior Painting Total:	20,676			
Flooring				
Carpet - Resident's Club Great Room		1,824		
Carpet - Resident's Club Offices		1,903		
Floor Tile - 1st Floor
Floor Tile - Lobby				
Rubber Flooring - Fitness Room
Vinyl Flooring - Kids Zone				
Flooring Total:		3,727		

Description

22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32

Cabinets & Tops		
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen			
3,939		
Wood Cabinets & SS Tops - Reception/Conf. Rm			6,783		
Cabinets & Tops Total:			10,722		
Furniture Fixtures & Equipment					
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance		4,630			
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowance			6,324	
40,256	
Wall Oven Double		2,269			
Furniture Fixtures & Equipment Total:		6,899	6,324	40,256	
HVAC Equipment					
Heat Pump 1 - 10 Ton	16,960				
Heat Pump 2 - 8 Ton	13,568				
Heat Pump 3 - 7 Ton	11,872				
HVAC Equipment Total:	42,400				
Swimming Pool					
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide	
15,900				
Lane Divider Reel
Lane Dividers	
3,371				
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance	5,300				
Pool Lift
Pool Resurfacing/Tile Misc Repair	
318,170		8,095		
Shade Structure Fabric - Pool
Shade Structure Frame - Pool	12,720				
Starting Blocks
Steel Stair Refurbishment Allowance			20,491		
Swimming Pool Total:	355,460		28,586		

Description	22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	
Tennis Courts											
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts		40,713							51,540		
Tennis Courts Total:		40,713							51,540		
Playground											
Park Bench Expanded Metal
Plastic Play Surface Border							3,289
6,534				
Play Equipment Allowance Swings Two Bay Arched Playground Total:
Components Not Included							37,946
4,048
51,816				
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										
Gas Grill
Irrigation System	Unfunded
Unfunded										
Landscaping
Light Poles - Parking Lot	Unfunded
Unfunded										
Monument Sign Refurbishment
Nets/Poles - Tennis Courts	Unfunded
Unfunded										
Pond Fountains/Aerators
Pool Filtration Partial Replacement	Unfunded
Unfunded										
Pool/Deck Furniture Partial Replacement
Railings	Unfunded
Unfunded										
Rubber Play Surface - Playground	Unfunded										

22-23	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32
Description

Shade Structure Fabric - Tennis Courts Stormwater Pond Dredging/Pipe/Structures

Unfunded Unfunded

Components Not Included continued...
Tennis Court Replacement	Unfunded

Volley Ball Court
Water Cooler - Tennis Courts

Unfunded Unfunded

Utility Lines	Unfunded
Water Coolers	Unfunded

Year Total:	20,676	442,300	6,899	199,628	221,578

	32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	
Beginning Balance	872,379	790,193	719,703	878,977	435,236	479,552	558,843	175,336	322,642	476,565	
Annual Assessment	131,561	132,876	134,205	135,547	136,903	138,272	139,654	141,051	142,461	143,886	
Interest Earned	22,067	19,683	25,069	10,063	11,562	14,243	1,274	6,256	11,461	16,898	
Expenditures	235,814	223,049		589,352	104,148	73,224	524,437				
Fully Funded Reserves	1,284,814	1,212,651	1,371,635	932,034	982,970	1,071,193	701,339	864,704	1,037,240	1,219,350	
Percent Fully Funded	62%	59%	64%	47%	49%	52%	25%	37%	46%	52%	
Ending Balance	790,193	719,703	878,977	435,236	479,552	558,843	175,336	322,642	476,565	637,349	

Description
Misc. Site Components											
Concrete Pavers - Entry		18,528									
Concrete Pavers - Resident's Club							14,168				
Mail Box Pedestals											
Street Signs/Poles							34,677				
Wood Boardwalk Frame/Rails/Deck (not pilings)		106,982									
Misc. Site Components Total:		125,510					48,845				
Parking Lot Resurfacing											
Asphalt Mill/Overlay 1 1/2" - Parking Lot											
Parking Lot Resurfacing Total:											
Site Lighting											
Decorative Light Poles - Amenity	47,833										
Light Poles Shoebox Fixtures - Tennis Courts	92,250										
Site Lighting Total:	140,083										
Fencing											
Aluminum Fence - Pool							48,344				
Chain Link Fence VC 10 Ft - Tennis Courts	66,297										
Fencing Total:	66,297						48,344				
Misc. Building Components											
Aluminum Gutters/DS - Resident's Club & Pavilion							6,338				
Refurbishment Allowance - Family Restroom											
Refurbishment Allowance - Fitness Locker Rooms											

Description

32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42

Misc. Building Components continued...		
Refurbishment Allowance - Pavilion Restrooms
Refurbishment Allowance - Pool Restrooms					
Vinyl Railings - Porch
Wood Deck - Porch				4,581	
Misc. Building Components Total:				10,919	
Roofing					
Asphalt Shingles - Pavilion				33,453	
Asphalt Shingles - Resident's Club				78,982	
Metal Roof - Picnic Pavilion				6,300	
Metal Roof - Pool Monitor				2,648	
Metal Roof - Resident's Club				9,952	
Metal Roof - Tennis Pavilion				7,248	
Roofing Total:				138,585	
Exterior Painting					
Picnic Pavilion	2,392				
Pool Pavilion	8,764				
Resident's Club	15,887				
Tennis Pavilion	2,392				
Exterior Painting Total:	29,434				
Flooring					
Carpet - Resident's Club Great Room			2,676		
Carpet - Resident's Club Offices			2,793		
Floor Tile - 1st Floor				955	
Floor Tile - Lobby				7,109	
Rubber Flooring - Fitness Room		3,285			
Vinyl Flooring - Kids Zone		6,862			
Flooring Total:		10,147	5,469	8,063	

Description

32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42

Cabinets & Tops		
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen	1,466					
Wood Cabinets & SS Tops - Reception/Conf. Rm						
Cabinets & Tops Total:	1,466					
Furniture Fixtures & Equipment						
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance			
40,057	6,601		
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowance						
Wall Oven Double				3,235		
Furniture Fixtures & Equipment Total:			40,057	9,836		
HVAC Equipment						
Heat Pump 1 - 10 Ton		24,890				
Heat Pump 2 - 8 Ton		19,912				
Heat Pump 3 - 7 Ton		17,423				
HVAC Equipment Total:		62,224				
Swimming Pool						
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide		
23,334			266,110	
Lane Divider Reel
Lane Dividers		
4,947			3,570	
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance		7,778	
64,091			
Pool Lift
Pool Resurfacing/Tile Misc Repair		
466,932				
Shade Structure Fabric - Pool
Shade Structure Frame - Pool	
49,855	18,667				
Starting Blocks
Steel Stair Refurbishment Allowance	
21,995					
Swimming Pool Total:	71,849	521,658	64,091		269,680	

Description	32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	
Tennis Courts											
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts		
14,077				63,388					
Tennis Courts Total:		14,077				63,388					
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										
Gas Grill
Irrigation System	Unfunded
Unfunded										
Landscaping
Light Poles - Parking Lot	Unfunded
Unfunded										
Monument Sign Refurbishment
Nets/Poles - Tennis Courts	Unfunded
Unfunded										
Pond Fountains/Aerators
Pool Filtration Partial Replacement	Unfunded
Unfunded										
Pool/Deck Furniture Partial Replacement
Railings	Unfunded
Unfunded										
Rubber Play Surface - Playground	Unfunded										

32-33	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42
Description

Shade Structure Fabric - Tennis Courts Stormwater Pond Dredging/Pipe/Structures

Unfunded Unfunded

Components Not Included continued...
Tennis Court Replacement	Unfunded

Volley Ball Court
Water Cooler - Tennis Courts

Unfunded Unfunded

Utility Lines	Unfunded
Water Coolers	Unfunded

Year Total:	235,814	223,049	589,352	104,148	73,224	524,437

	42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	
Beginning Balance	637,349	764,307	870,442	950,350	1,133,763	1,325,146	655,108	538,213	698,979	881,499	
Annual Assessment	145,325	146,778	148,246	149,728	151,226	152,738	154,265	155,808	157,366	158,940	
Interest Earned	21,191	24,780	27,483	33,685	40,157	17,499	13,546	18,982	25,154	28,242	
Expenditures	39,557	65,424	95,821			840,274	284,706	14,024		95,880	
Fully Funded Reserves	1,370,709	1,504,631	1,616,069	1,834,494	2,064,571	1,441,319	1,377,013	1,595,151	1,840,017	1,999,383	
Percent Fully Funded	56%	58%	59%	62%	64%	45%	39%	44%	48%	49%	
Ending Balance	764,307	870,442	950,350	1,133,763	1,325,146	655,108	538,213	698,979	881,499	972,801	

Description
Misc. Site Components											
Concrete Pavers - Entry											
Concrete Pavers - Resident's Club											
Mail Box Pedestals			17,862								
Street Signs/Poles											
Wood Boardwalk Frame/Rails/Deck (not pilings)											
Misc. Site Components Total:			17,862								
Parking Lot Resurfacing											
Asphalt Mill/Overlay 1 1/2" - Parking Lot											
Parking Lot Resurfacing Total:											
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 & Pavilion											
Refurbishment Allowance - Family Restroom							11,879				
Refurbishment Allowance - Fitness Locker Rooms							46,603				

Description

42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52

Misc. Building Components continued...		
Refurbishment Allowance - Pavilion Restrooms			39,768	
Refurbishment Allowance - Pool Restrooms			82,332	
Vinyl Railings - Porch
Wood Deck - Porch			
3,966	
Misc. Building Components Total:			184,548	
Roofing				
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	3,214			
Pool Pavilion	11,778			
Resident's Club	21,351			
Tennis Pavilion	3,214			
Exterior Painting Total:	39,557			
Flooring				
Carpet - Resident's Club Great Room		3,816		
Carpet - Resident's Club Offices		3,982		
Floor Tile - 1st Floor
Floor Tile - Lobby				
Rubber Flooring - Fitness Room
Vinyl Flooring - Kids Zone				
Flooring Total:		7,797		

Description

42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52

Cabinets & Tops		
Top/Sink - Pavilion
Wood Cabinets & SS Tops - Kitchen		
7,114		
Wood Cabinets & SS Tops - Reception/Conf. Rm		12,252		
Cabinets & Tops Total:		19,365		
Furniture Fixtures & Equipment				
Appliance Package - Kitchen
Fitness Equip. Full Replace Allowance			9,412	
Furniture Allowance - Resident's Club
Pool/Deck Furniture Full Replacement Allowance		11,422		
Wall Oven Double			4,612	
Furniture Fixtures & Equipment Total:		11,422	14,024	
HVAC Equipment				
Heat Pump 1 - 10 Ton	35,487			
Heat Pump 2 - 8 Ton	28,389			
Heat Pump 3 - 7 Ton	24,841			
HVAC Equipment Total:	88,717			
Swimming Pool				
Concrete Pavers - Pool
Fiberglass Refurbishment Allow - Pool Slide	
33,269			
Lane Divider Reel
Lane Dividers	
7,053			
Play Equip. Refurbishment Allow - Splash Pool
Pool Filtration Refurbishment Allowance	11,090			
Pool Lift
Pool Resurfacing/Tile Misc Repair	
665,733	14,621		
Shade Structure Fabric - Pool
Shade Structure Frame - Pool	26,615			
Starting Blocks
Steel Stair Refurbishment Allowance		37,008		
Swimming Pool Total:	743,760	51,629		

Description	42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	
Tennis Courts											
Asphalt Resufacing (color coat)
Shade Structure Frame - Tennis Courts			77,959							95,880	
Tennis Courts Total:			77,959							95,880	
Playground											
Park Bench Expanded Metal
Plastic Play Surface Border							5,940
11,802				
Play Equipment Allowance Swings Two Bay Arched Playground Total:
Components Not Included		59,118
6,306
65,424					

17,741				
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										
Gas Grill
Irrigation System	Unfunded
Unfunded										
Landscaping
Light Poles - Parking Lot	Unfunded
Unfunded										
Monument Sign Refurbishment
Nets/Poles - Tennis Courts	Unfunded
Unfunded										
Pond Fountains/Aerators
Pool Filtration Partial Replacement	Unfunded
Unfunded										
Pool/Deck Furniture Partial Replacement
Railings	Unfunded
Unfunded										
Rubber Play Surface - Playground	Unfunded										

42-43	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52
Description

Shade Structure Fabric - Tennis Courts Stormwater Pond Dredging/Pipe/Structures

Unfunded Unfunded

Components Not Included continued...
Tennis Court Replacement	Unfunded

Volley Ball Court
Water Cooler - Tennis Courts

Unfunded Unfunded

Utility Lines	Unfunded
Water Coolers	Unfunded

Year Total:	39,557	65,424	95,821	840,274	284,706	14,024	95,880

Description		Expenditures	
Replacement Year	22-23		
Exterior Painting
Picnic Pavilion		
1,680	
Pool Pavilion		6,156	
Resident's Club		11,160	
Tennis Pavilion		1,680	
Total for 2022 - 2023	$20,676	

Replacement Year 23-24 Flooring
Carpet - Resident's Club Great Room	1,824
Carpet - Resident's Club Offices	1,903
HVAC Equipment
Heat Pump 1 - 10 Ton	16,960	
Heat Pump 2 - 8 Ton	13,568	
Heat Pump 3 - 7 Ton	11,872	
Swimming Pool
Fiberglass Refurbishment Allow - Pool Slide	
15,900	
Lane Dividers	3,371	
Play Equip. Refurbishment Allow - Splash Pool	5,300	
Pool Resurfacing/Tile Misc Repair	318,170	
Shade Structure Fabric - Pool	12,720	
Tennis Courts
Asphalt Resufacing (color coat)	
40,713	
Total for 2023 - 2024	$442,300	
No Replacement in 24-25		
Replacement Year 25-26		
Furniture Fixtures & Equipment		
Appliance Package - Kitchen	4,630	
Wall Oven Double	2,269	
Total for 2025 - 2026	
$6,899	
No Replacement in 26-27		

Description	Expenditures	
No Replacement in 27-28		
Replacement Year 28-29		
Misc. Building Components
Refurbishment Allowance - Family Restroom	
6,577	
Refurbishment Allowance - Fitness Locker Rooms	25,803	
Refurbishment Allowance - Pavilion Restrooms	22,019	
Refurbishment Allowance - Pool Restrooms	45,585	
Wood Deck - Porch	2,196	
Cabinets & Tops
Wood Cabinets & SS Tops - Kitchen	3,939
Wood Cabinets & SS Tops - Reception/Conf. Rm	6,783
Furniture Fixtures & Equipment
Furniture Allowance - Resident's Club	6,324
Swimming Pool
Pool Lift	8,095
Starting Blocks	20,491
Playground
Park Bench Expanded Metal	3,289	
Plastic Play Surface Border	6,534	
Play Equipment Allowance	37,946	
Swings Two Bay Arched	4,048	
Total for 2028 - 2029	$199,628	
No Replacement in 29-30		
Replacement Year 30-31		
Parking Lot Resurfacing
Asphalt Mill/Overlay 1 1/2" - Parking Lot	
129,781	
Furniture Fixtures & Equipment
Pool/Deck Furniture Full Replacement Allowance	40,256
Tennis Courts
Asphalt Resufacing (color coat)	51,540
Total for 2030 - 2031	$221,578

Description	Expenditures

No Replacement in 31-32

Replacement Year 32-33 Site Lighting
Decorative Light Poles - Amenity	47,833
Light Poles Shoebox Fixtures - Tennis Courts	92,250
Fencing
Chain Link Fence VC 10 Ft - Tennis Courts	66,297	
Exterior Painting
Picnic Pavilion	
2,392	
Pool Pavilion	8,764	
Resident's Club	15,887	
Tennis Pavilion	2,392	
Total for 2032 - 2033	$235,814	
Replacement Year 33-34		
Misc. Site Components
Concrete Pavers - Entry	
18,528	
Wood Boardwalk Frame/Rails/Deck (not pilings)	106,982	
Flooring
Rubber Flooring - Fitness Room	3,285
Vinyl Flooring - Kids Zone	6,862
Cabinets & Tops
Top/Sink - Pavilion	1,466
Swimming Pool
Shade Structure Frame - Pool	49,855
Steel Stair Refurbishment Allowance	21,995
Tennis Courts
Shade Structure Frame - Tennis Courts	14,077	
Total for 2033 - 2034	$223,049	
No Replacement in 34-35		
Replacement Year 35-36		
Flooring
Carpet - Resident's Club Great Room	
2,676	

Description	Expenditures

Replacement Year 35-36 continued...
Carpet - Resident's Club Offices	2,793
HVAC Equipment
Heat Pump 1 - 10 Ton	24,890	
Heat Pump 2 - 8 Ton	19,912	
Heat Pump 3 - 7 Ton	17,423	
Swimming Pool
Fiberglass Refurbishment Allow - Pool Slide	
23,334	
Lane Dividers	4,947	
Play Equip. Refurbishment Allow - Splash Pool	7,778	
Pool Resurfacing/Tile Misc Repair	466,932	
Shade Structure Fabric - Pool	18,667	
Total for 2035 - 2036	$589,352	
Replacement Year 36-37		
Furniture Fixtures & Equipment		
Fitness Equip. Full Replace Allowance	40,057	
Swimming Pool
Pool Filtration Refurbishment Allowance	
64,091	
Total for 2036 - 2037	$104,148	
Replacement Year 37-38		
Furniture Fixtures & Equipment		
Appliance Package - Kitchen	6,601	
Wall Oven Double	3,235	
Tennis Courts		
Asphalt Resufacing (color coat)	63,388	
Total for 2037 - 2038	$73,224	
Replacement Year 38-39		
Misc. Site Components		
Concrete Pavers - Resident's Club	14,168	
Street Signs/Poles	34,677	
Fencing			
Aluminum Fence - Pool	48,344

Description	Expenditures

Replacement Year 38-39 continued...
Misc. Building Components
Aluminum Gutters/DS - Resident's Club & Pavilion	6,338
Vinyl Railings - Porch	4,581
Roofing
Asphalt Shingles - Pavilion	33,453	
Asphalt Shingles - Resident's Club	78,982	
Metal Roof - Picnic Pavilion	6,300	
Metal Roof - Pool Monitor	2,648	
Metal Roof - Resident's Club	9,952	
Metal Roof - Tennis Pavilion	7,248	
Flooring
Floor Tile - 1st Floor	955
Floor Tile - Lobby	7,109
Swimming Pool
Concrete Pavers - Pool	266,110	
Lane Divider Reel	3,570	
Total for 2038 - 2039	$524,437	
No Replacement in 39-40		
No Replacement in 40-41		
No Replacement in 41-42		
Replacement Year 42-43		
Exterior Painting
Picnic Pavilion	
3,214	
Pool Pavilion	11,778	
Resident's Club	21,351	
Tennis Pavilion	3,214	
Total for 2042 - 2043	
$39,557	
Replacement Year 43-44		
Playground
Play Equipment Allowance	
59,118	
Swings Two Bay Arched	6,306	
Total for 2043 - 2044	
$65,424	

Description	Expenditures

Replacement Year 44-45 Misc. Site Components
Mail Box Pedestals	17,862

Tennis Courts		
Asphalt Resufacing (color coat)	77,959	
Total for 2044 - 2045	$95,821	
No Replacement in 45-46		
No Replacement in 46-47		
Replacement Year 47-48		
Flooring		
Carpet - Resident's Club Great Room	3,816	
Carpet - Resident's Club Offices	3,982	
HVAC Equipment
Heat Pump 1 - 10 Ton	
35,487	
Heat Pump 2 - 8 Ton	28,389	
Heat Pump 3 - 7 Ton	24,841	
Swimming Pool		
Fiberglass Refurbishment Allow - Pool Slide	33,269	
Lane Dividers	7,053	
Play Equip. Refurbishment Allow - Splash Pool	11,090	
Pool Resurfacing/Tile Misc Repair	665,733	
Shade Structure Fabric - Pool	26,615	
Total for 2047 - 2048	$840,274	
Replacement Year 48-49		
Misc. Building Components		
Refurbishment Allowance - Family Restroom	11,879	
Refurbishment Allowance - Fitness Locker Rooms	46,603	
Refurbishment Allowance - Pavilion Restrooms	39,768	
Refurbishment Allowance - Pool Restrooms	82,332	
Wood Deck - Porch	3,966	
Cabinets & Tops			
Wood Cabinets & SS Tops - Kitchen	7,114

Description	Expenditures

Replacement Year 48-49 continued...
Wood Cabinets & SS Tops - Reception/Conf. Rm	12,252
Furniture Fixtures & Equipment
Furniture Allowance - Resident's Club	11,422
Swimming Pool
Pool Lift	14,621
Starting Blocks	37,008
Playground
Park Bench Expanded Metal	5,940	
Plastic Play Surface Border	11,802	
Total for 2048 - 2049	$284,706	
Replacement Year 49-50		
Furniture Fixtures & Equipment
Appliance Package - Kitchen	
9,412	
Wall Oven Double	4,612	
Total for 2049 - 2050	
$14,024	
No Replacement in 50-51		
Replacement Year 51-52		
Tennis Courts
Asphalt Resufacing (color coat)	
95,880	
Total for 2051 - 2052	
$95,880	

Green Cove Springs, Florida
Asset Current Cost by Category

Description		
Misc. Site Components
Concrete Pavers - Entry	2009	
33-34	
25	
0	
11	
1,560 Square Feet	
8.10	
12,636	
Concrete Pavers - Resident's Club	2009	38-39	30	0	16	1,029 Square Feet	8.10	8,335	
Mail Box Pedestals	2020	44-45	25	0	22	4 Each	2,200.00	8,800	
Street Signs/Poles	2009	38-39	30	0	16	17 Each	1,200.00	20,400	
Wood Boardwalk Frame/Rails/Deck (not pili..2009	33-34	25	0	11	2,280 Square Feet	32.00	  72,960	
Misc. Site Components - Total							$123,131	
Parking Lot Resurfacing
Asphalt Mill/Overlay 1 1/2" - Parking Lot	2009	
30-31	
22	
0	
8	
5,623 Square Yards	
17.20	
 96,716	
Parking Lot Resurfacing - Total							$96,716	
Site Lighting
Decorative Light Poles - Amenity	2009	
32-33	
24	
0	
10	
16 Each	
2,100.00	
33,600	
Light Poles Shoebox Fixtures - Tennis Courts2009	32-33	24	0	10	36 Each	1,800.00	 64,800	
Site Lighting - Total							$98,400	
Fencing
Aluminum Fence - Pool	2009	
38-39	
30	
0	
16	
790 Lineal Feet	
36.00	
28,440	
Chain Link Fence VC 10 Ft - Tennis Courts 2009	32-33	24	0	10	1,386 Lineal Feet	33.60	 46,570	
Fencing - Total							$75,010	
Misc. Building Components
Aluminum Gutters/DS - Resident's Club & .. 2009	
38-39	
30	
0	
16	
362 Lineal Feet	
10.30	
3,729	
Refurbishment Allowance - Family Restroom 2009	28-29	20	0	6	2 Each	2,600.00	5,200	
Refurbishment Allowance - Fitness Locker .. 2009	28-29	20	0	6	300 Square Feet	68.00	20,400	
Refurbishment Allowance - Pavilion Restroo..2009	28-29	20	0	6	256 Square Feet	68.00	17,408	
Refurbishment Allowance - Pool Restrooms 2009	28-29	20	0	6	530 Square Feet	68.00	36,040	
Vinyl Railings - Porch	2009	38-39	30	0	16	49 Lineal Feet	55.00	2,695	
Wood Deck - Porch	2009	28-29	20	0	6	248 Square Feet	7.00	  1,736	
Misc. Building Components - Total							$87,208	
Roofing
Asphalt Shingles - Pavilion	2009	
38-39	
30	
0	
16	
41 Squares	
480.00	
19,680	
Asphalt Shingles - Resident's Club	2009	38-39	30	0	16	96 Squares	484.00	46,464	
Metal Roof - Picnic Pavilion	2009	38-39	30	0	16	452 Square Feet	8.20	3,706	
Metal Roof - Pool Monitor	2009	38-39	30	0	16	190 Square Feet	8.20	1,558	
Metal Roof - Resident's Club	2009	38-39	30	0	16	714 Square Feet	8.20	5,855	
Metal Roof - Tennis Pavilion	2009	38-39	30	0	16	520 Square Feet	8.20	  4,264	
Roofing - Total							$81,527	
Exterior Painting
Picnic Pavilion	2009	
22-23	
10	
0	
0	
1 Lump Sum	
1,680.00	
1,680	
Pool Pavilion	2009	22-23	10	0	0	3,420 Square Feet	1.80	6,156	
Resident's Club	2009	22-23	10	0	0	6,200 Square Feet	1.80	11,160	

Description		
Exterior Painting continued...		
Tennis Pavilion	2009	22-23	10	0	0	1 Lump Sum	1,680.00	  1,680	
Exterior Painting - Total								$20,676	
Flooring
Carpet - Resident's Club Great Room	
2009	
23-24	
12	
3	
1	
46 Square Yards	
37.40	
1,720	
Carpet - Resident's Club Offices	2009	23-24	12	3	1	48 Square Yards	37.40	1,795	
Floor Tile - 1st Floor	2009	38-39	30	0	16	432 Square Feet	1.30	562	
Floor Tile - Lobby	2009	38-39	30	0	16	340 Square Feet	12.30	4,182	
Rubber Flooring - Fitness Room	2009	33-34	25	0	11	56 Square Yards	40.00	2,240	
Vinyl Flooring - Kids Zone	2009	33-34	25	0	11	780 Square Feet	6.00	  4,680	
Flooring - Total								$15,179	
Cabinets & Tops
Top/Sink - Pavilion	
2009	
33-34	
25	
0	
11	
1 Each	
1,000.00	
1,000	
Wood Cabinets & SS Tops - Kitchen	2009	28-29	20	0	6	18 Lineal Feet	173.00	3,114	
Wood Cabinets & SS Tops - Reception/Conf..	2009	28-29	20	0	6	31 Lineal Feet	173.00	 5,363	
Cabinets & Tops - Total								$9,477	
Furniture Fixtures & Equipment
Appliance Package - Kitchen	
2009	
25-26	
12	
5	
3	
1 Lump Sum	
4,000.00	
4,000	
Fitness Equip. Full Replace Allowance	2009	36-37	25	3	14	1 Lump Sum	25,000.00	25,000	
Furniture Allowance - Resident's Club	2009	28-29	20	0	6	1 Lump Sum	5,000.00	5,000	
Pool/Deck Furniture Full Replacement Allo..	2009	30-31	22	0	8	1 Lump Sum	30,000.00	30,000	
Wall Oven Double	2009	25-26	12	5	3	1 Each	1,960.00	  1,960	
Furniture Fixtures & Equipment - Total								$65,960	
HVAC Equipment
Heat Pump 1 - 10 Ton	
2009	
23-24	
12	
3	
1	
1 Each	
16,000.00	
16,000	
Heat Pump 2 - 8 Ton	2009	23-24	12	3	1	1 Each	12,800.00	12,800	
Heat Pump 3 - 7 Ton	2009	23-24	12	3	1	1 Each	11,200.00	 11,200	
HVAC Equipment - Total								$40,000	
Swimming Pool
Concrete Pavers - Pool	
2009	
38-39	
30	
0	
16	
19,327 Square Feet	
8.10	
156,549	
Fiberglass Refurbishment Allow - Pool Slide	2009	23-24	12	3	1	1 Lump Sum	15,000.00	15,000	
Lane Divider Reel	2009	38-39	30	0	16	1 Each	2,100.00	2,100	
Lane Dividers	2009	23-24	12	3	1	6 Lanes	530.00	3,180	
Play Equip. Refurbishment Allow - Splash P..	2009	23-24	12	3	1	1 Lump Sum	5,000.00	5,000	
Pool Filtration Refurbishment Allowance	2007	36-37	30	0	14	1 Lump Sum	40,000.00	40,000	
Pool Lift	2009	28-29	20	0	6	2 Each	3,200.00	6,400	
Pool Resurfacing/Tile Misc Repair	2009	23-24	12	3	1	11,200 Square Feet	26.80	300,160	
Shade Structure Fabric - Pool	2009	23-24	12	3	1	5 Each	2,400.00	12,000	
Shade Structure Frame - Pool	2009	33-34	25	0	11	5 Each	6,800.00	34,000	
Starting Blocks	2009	28-29	20	0	6	6 Each	2,700.00	16,200	

Description									
Swimming Pool continued...									
Steel Stair Refurbishment Allowance	2009	33-34	25	0	11	1 Lump Sum	15,000.00	  15,000	
Swimming Pool - Total								$605,589	
Tennis Courts
Asphalt Resufacing (color coat)	
2016	
23-24	
7	
1	
1	
4,684 Square Yards	
8.20	
38,409	
Shade Structure Frame - Tennis Courts	2009	33-34	25	0	11	3 Each	3,200.00	  9,600	
Tennis Courts - Total								$48,009	
Playground
Park Bench Expanded Metal	
2009	
28-29	
20	
0	
6	
2 Each	
1,300.00	
2,600	
Plastic Play Surface Border	2009	28-29	20	0	6	246 Lineal Feet	21.00	5,166	
Play Equipment Allowance	2009	28-29	15	5	6	1 Lump Sum	30,000.00	30,000	
Swings Two Bay Arched	2009	28-29	15	5	6	1 Each	3,200.00	  3,200	
Playground - Total								$40,966	

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
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	$1,407,847

Asset ID Description	Replacement	Page

Misc. Site Components
1073	Concrete Pavers - Entry	33-34	5-8	
1003	Concrete Pavers - Resident's Club	38-39	5-8	
1077	Mail Box Pedestals	44-45	5-9	
1075	Street Signs/Poles	38-39	5-9	
1094	Wood Boardwalk Frame/Rails/Deck (not pilings)	33-34	5-10	

Parking Lot Resurfacing	
1067	Asphalt Mill/Overlay 1 1/2" - Parking Lot	30-31	5-11	

Site Lighting	
1031	Decorative Light Poles - Amenity	32-33	5-12	
1059	Light Poles Shoebox Fixtures - Tennis Courts	32-33	5-12	
Fencing				
1029	Aluminum Fence - Pool	38-39	5-13	
1057	Chain Link Fence VC 10 Ft - Tennis Courts	32-33	5-13	

Misc. Building Components	
1018	Aluminum Gutters/DS - Resident's Club & Pavilion	38-39	5-14	
1013	Refurbishment Allowance - Family Restroom	28-29	5-14	
1012	Refurbishment Allowance - Fitness Locker Rooms	28-29	5-15	
1054	Refurbishment Allowance - Pavilion Restrooms	28-29	5-15	
1028	Refurbishment Allowance - Pool Restrooms	28-29	5-16	
1019	Vinyl Railings - Porch	38-39	5-16	
1020	Wood Deck - Porch	28-29	5-17	
Roofing				
1051	Asphalt Shingles - Pavilion	38-39	5-18	
1001	Asphalt Shingles - Resident's Club	38-39	5-18	
1095	Metal Roof - Picnic Pavilion	38-39	5-19	
1026	Metal Roof - Pool Monitor	38-39	5-19	
1091	Metal Roof - Resident's Club	38-39	5-20	
1063	Metal Roof - Tennis Pavilion	38-39	5-20	

Exterior Painting	
1096	Picnic Pavilion	22-23	5-21	
1066	Pool Pavilion	22-23	5-21	

Asset ID	Description	Replacement	Page	
Exterior	Painting Continued...			
1092	Resident's Club	22-23	5-22	
1065	Tennis Pavilion	22-23	5-22	

Flooring
1014	

Carpet - Resident's Club Great Room	

23-24	

5-23	
1006	Carpet - Resident's Club Offices	23-24	5-23	
1102	Floor Tile - 1st Floor	38-39	5-24	
1009	Floor Tile - Lobby	38-39	5-24	
1010	Rubber Flooring - Fitness Room	33-34	5-25	
1103	Vinyl Flooring - Kids Zone	33-34	5-26	

Cabinets & Tops	
1053	Top/Sink - Pavilion	33-34	5-27	
1015	Wood Cabinets & SS Tops - Kitchen	28-29	5-27	
1007	Wood Cabinets & SS Tops - Reception/Conf. Rm	28-29	5-28	

Furniture Fixtures & Equipment	
1017	Appliance Package - Kitchen	25-26	5-29	
1106	Fitness Equip. Full Replace Allowance	36-37	5-29	
1016	Furniture Allowance - Resident's Club	28-29	5-30	
1039	Pool/Deck Furniture Full Replacement Allowance	30-31	5-31	
1025	Wall Oven Double	25-26	5-31	

HVAC Equipment	
1105	Heat Pump 1 - 10 Ton	23-24	5-32	
1104	Heat Pump 2 - 8 Ton	23-24	5-32	
1023	Heat Pump 3 - 7 Ton	23-24	5-32	

Swimming Pool	
1030	Concrete Pavers - Pool	38-39	5-33	
1036	Fiberglass Refurbishment Allow - Pool Slide	23-24	5-33	
1055	Lane Divider Reel	38-39	5-34	
1056	Lane Dividers	23-24	5-34	
1043	Play Equip. Refurbishment Allow - Splash Pool	23-24	5-35	
1107	Pool Filtration Refurbishment Allowance	36-37	5-35	
1042	Pool Lift	28-29	5-35	
1032	Pool Resurfacing/Tile Misc Repair	23-24	5-36	

Asset ID Description	Replacement	Page

Swimming Pool Continued...
1035	Shade Structure Fabric - Pool	23-24	5-37	
1033	Shade Structure Frame - Pool	33-34	5-37	
1037	Starting Blocks	28-29	5-38	
1040	Steel Stair Refurbishment Allowance	33-34	5-38	

Tennis Courts	
1058	Asphalt Resufacing (color coat)	23-24	5-39	
1060	Shade Structure Frame - Tennis Courts	33-34	5-39	

Playground	
1049	Park Bench Expanded Metal	28-29	5-41	
1046	Plastic Play Surface Border	28-29	5-41	
1044	Play Equipment Allowance	28-29	5-42	
1048	Swings Two Bay Arched	28-29	5-42	

Components Not Included	
1068	Asphalt Seal Coat	22-23	5-43	
1005	Building Sign	22-23	5-43	
1021	Ceiling Fans	22-23	5-44	
1078	Community Signs	22-23	5-44	
1071	Concrete Curbs/Walks	22-23	5-45	
1022	Doors/Windows	22-23	5-45	
1069	Dumpster Enclosure/Gates	22-23	5-45	
1008	Electric Lift	22-23	5-46	
1011	Fitness Equipment Partial Replace Allowance	22-23	5-46	
1002	Flag Pole	22-23	5-47	
1052	Gas Grill	22-23	5-47	
1099	Irrigation System	22-23	5-48	
1100	Landscaping	22-23	5-48	
1070	Light Poles - Parking Lot	22-23	5-48	
1074	Monument Sign Refurbishment	22-23	5-49	
1064	Nets/Poles - Tennis Courts	22-23	5-49	
1101	Pond Fountains/Aerators	22-23	5-50	
1108	Pool Filtration Partial Replacement	22-23	5-50	
1038	Pool/Deck Furniture Partial Replacement	22-23	5-50	
1004	Railings	22-23	5-51	
1047	Rubber Play Surface - Playground	22-23	5-51	

Asset ID Description	Replacement	Page

Components Not Included Continued...
1061	Shade Structure Fabric - Tennis Courts	22-23	5-52	
1076	Stormwater Pond Dredging/Pipe/Structures	22-23	5-52	
1045	Tennis Court Replacement	22-23	5-53	
1098	Utility Lines	22-23	5-53	
1050	Volley Ball Court	22-23	5-54	
1062	Water Cooler - Tennis Courts	22-23	5-54	
1027	Water Coolers	22-23	5-55	

Total Funded Assets	
62	
Total Unfunded Assets	28	
Total Assets	90	

Concrete Pavers - Entry - 2033

1,560 Square Feet

@ $8.10

Asset ID	1073
Misc. Site Components
Placed in Service	January 2009
Useful Life	25
Replacement Year	33-34
Remaining Life	11

Asset Actual Cost	$12,636.00
Percent Replacement	100%
Future Cost	$18,528.31

Concrete Pavers - Resident's Club - 2038

Asset ID	1003
Misc. Site Components
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

1,029 Square Feet	@ $8.10
Asset Actual Cost	$8,334.90
Percent Replacement	100%
Future Cost	$14,168.14

Mail Box Pedestals - 2044

4 Each

@ $2,200.00

Asset ID	1077
Misc. Site Components
Placed in Service	January 2020
Useful Life	25
Replacement Year	44-45
Remaining Life	22

Asset Actual Cost	$8,800.00
Percent Replacement	100%
Future Cost	$17,861.52

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	38-39
Remaining Life	16

Asset Actual Cost	$20,400.00
Percent Replacement	100%
Future Cost	$34,677.08

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

	2,280 Square Feet	@ $32.00	
Asset ID	1094	Asset Actual Cost	$72,960.00	
		Percent Replacement	100%	
	Misc. Site Components	Future Cost	$106,982.10	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	33-34			
Remaining Life	11			

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

Asset ID	1067
Parking Lot Resurfacing

5,623 Square Yards		@ $17.20 Asset Actual Cost	$96,715.60 Percent Replacement			100% Future Cost	$129,781.01

Placed in Service	January 2009	
Useful Life	22	
Replacement Year	30-31	
Remaining Life	8	

Asset ID	1031	Asset Actual Cost	$33,600.00	
		Percent Replacement	100%	
	Site Lighting	Future Cost	$47,833.08	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	32-33			
Remaining Life	10			

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	$92,249.51	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	32-33			
Remaining Life	10			

Aluminum Fence - Pool - 2038

790 Lineal Feet

@ $36.00

Asset ID	1029
Fencing
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

Asset Actual Cost	$28,440.00
Percent Replacement	100%
Future Cost	$48,343.94

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	$66,296.65	
Placed in Service	January 2009			
Useful Life	24			
Replacement Year	32-33			
Remaining Life	10			

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

Asset ID	1018
Misc. Building Components
Placed in Service	January 2009	
Useful Life	30	
Replacement Year	38-39	
Remaining Life	16	

Asset ID	1013

Misc. Building Components

362 Lineal Feet	@ $10.30
Asset Actual Cost	$3,728.60
Percent Replacement	100%
Future Cost	$6,338.09

Refurbishment Allowance - Family Restroom - 2028

2 Each	@ $2,600.00 Asset Actual Cost		$5,200.00
Percent Replacement	100%
Future Cost	$6,577.24

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Refurbishment Allowance - Fitness Locker Rooms - 2028

Asset ID	1012
Misc. Building Components
Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Asset ID	1054

Misc. Building Components

300 Square Feet		@ $68.00 Asset Actual Cost	$20,400.00 Percent Replacement			100%

Future Cost	$25,803.01

Refurbishment Allowance - Pavilion Restrooms - 2028

256 Square Feet		@ $68.00 Asset Actual Cost	$17,408.00 Percent Replacement			100%
Future Cost	$22,018.57

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Refurbishment Allowance - Pool Restrooms - 2028

Asset ID	1028
Misc. Building Components
Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Asset ID	1019

Misc. Building Components

530 Square Feet		@ $68.00 Asset Actual Cost	$36,040.00 Percent Replacement			100%
Future Cost	$45,585.31

Vinyl Railings - Porch - 2038

49 Lineal Feet

@ $55.00

Asset Actual Cost	$2,695.00
Percent Replacement	100%
Future Cost	$4,581.11

Placed in Service	January 2009	
Useful Life	30	
Replacement Year	38-39	
Remaining Life	16	

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

248 Square Feet	@ $7.00
Asset Actual Cost	$1,736.00
Percent Replacement	100%
Future Cost	$2,195.79

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Asphalt Shingles - Pavilion - 2038

41 Squares

@ $480.00

Asset ID	1051
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

Asset Actual Cost	$19,680.00
Percent Replacement	100%
Future Cost	$33,453.19

Asphalt Shingles - Resident's Club - 2038

Asset ID	1001
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

96 Squares		@ $484.00 Asset Actual Cost	$46,464.00 Percent Replacement			100%
Future Cost	$78,982.16

 

Metal Roof - Picnic Pavilion - 2038

	452 Square Feet	@ $8.20	
Asset ID	1095	Asset Actual Cost	$3,706.40	
		Percent Replacement	100%	
	Roofing	Future Cost	$6,300.35	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

Metal Roof - Pool Monitor - 2038

190 Square Feet

@ $8.20

Asset ID	1026
Roofing
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

Asset Actual Cost	$1,558.00
Percent Replacement	100%
Future Cost	$2,648.38

Metal Roof - Resident's Club - 2038

		714 Square Feet	@ $8.20	
Asset ID	1091	Asset Actual Cost	$5,854.80	
		Percent Replacement	100%	
	Roofing	Future Cost	$9,952.32	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

Metal Roof - Tennis Pavilion - 2038

	520 Square Feet	@ $8.20	
Asset ID	1063	Asset Actual Cost	$4,264.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$7,248.19	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

Pool Pavilion - 2022

Picnic Pavilion - 2022

Asset ID	1096	Asset Actual Cost	$1,680.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$1,680.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	22-23			
Remaining Life	0			

1 Lump Sum

@ $1,680.00

3,420 Square Feet

@ $1.80

Asset ID	1066	Asset Actual Cost	$6,156.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$6,156.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	22-23			
Remaining Life	0			

Tennis Pavilion - 2022

Resident's Club - 2022

Asset ID	1092	Asset Actual Cost	$11,160.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$11,160.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	22-23			
Remaining Life	0			

6,200 Square Feet

@ $1.80

1 Lump Sum

@ $1,680.00

Asset ID	1065	Asset Actual Cost	$1,680.00	
		Percent Replacement	100%	
	Exterior Painting	Future Cost	$1,680.00	
Placed in Service	January 2009			
Useful Life	10			
Replacement Year	22-23			
Remaining Life	0			

Carpet - Resident's Club Great Room - 2023

		46 Square Yards	@ $37.40	
Asset ID	1014	Asset Actual Cost	$1,720.40	
		Percent Replacement	100%	
	Flooring	Future Cost	$1,823.62	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

Carpet - Resident's Club Offices - 2023

	48 Square Yards	@ $37.40	
Asset ID	1006	Asset Actual Cost	$1,795.20	
		Percent Replacement	100%	
	Flooring	Future Cost	$1,902.91	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

Floor Tile - Lobby - 2038

Floor Tile - 1st Floor - 2038

Carpet - Resident's Club Offices continued...

432 Square Feet

@ $1.30

Asset ID	1102	Asset Actual Cost	$561.60	
		Percent Replacement	100%	
	Flooring	Future Cost	$954.64	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

340 Square Feet

@ $12.30

Asset ID	1009	Asset Actual Cost	$4,182.00	
		Percent Replacement	100%	
	Flooring	Future Cost	$7,108.80	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

Floor Tile - Lobby continued...

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	$3,284.54	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	33-34			
Remaining Life	11			

Vinyl Flooring - Kids Zone - 2033

780 Square Feet

@ $6.00

Asset ID	1103
Flooring
Placed in Service	January 2009
Useful Life	25
Replacement Year	33-34
Remaining Life	11

Asset Actual Cost	$4,680.00
Percent Replacement	100%
Future Cost	$6,862.34

Top/Sink - Pavilion - 2033

1 Each

@ $1,000.00

Asset ID	1053
Cabinets & Tops
Placed in Service	January 2009
Useful Life	25
Replacement Year	33-34
Remaining Life	11

Asset Actual Cost	$1,000.00
Percent Replacement	100%
Future Cost	$1,466.31

Wood Cabinets & SS Tops - Kitchen - 2028

	18 Lineal Feet	@ $173.00	
Asset ID	1015	Asset Actual Cost	$3,114.00	
		Percent Replacement	100%	
	Cabinets & Tops	Future Cost	$3,938.75	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	28-29			
Remaining Life	6			

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

		31 Lineal Feet	@ $173.00	
Asset ID	1007	Asset Actual Cost	$5,363.00	
		Percent Replacement	100%	
	Cabinets & Tops	Future Cost	$6,783.41	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	28-29			
Remaining Life	6			

Appliance Package - Kitchen - 2025

Asset ID	1017
Furniture Fixtures & Equipment
Placed in Service	January 2009	
Useful Life	12	
Adjustment	5	
Replacement Year	25-26	
Remaining Life	3	

Asset ID	1106

Furniture Fixtures & Equipment

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

Future Cost	$4,630.08

Fitness Equip. Full Replace Allowance - 2036

1 Lump Sum	 @ $25,000.00 Asset Actual Cost	$25,000.00 Percent Replacement		100%
Future Cost	$40,056.96

Placed in Service	January 2009	
Useful Life	25	
Adjustment	3	
Replacement Year	36-37	
Remaining Life	14	

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	$6,324.27

Placed in Service	January 2009	
Useful Life	20	
Replacement Year	28-29	
Remaining Life	6	

Pool/Deck Furniture Full Replacement Allowance - 2030

Asset ID	1039
Furniture Fixtures & Equipment
Placed in Service	January 2009	
Useful Life	22	
Replacement Year	30-31	
Remaining Life	8	

Asset ID	1025

Furniture Fixtures & Equipment

1 Lump Sum	 @ $30,000.00 Asset Actual Cost	$30,000.00 Percent Replacement		100%
Future Cost	$40,256.49

Wall Oven Double - 2025

1 Each

@ $1,960.00

Asset Actual Cost	$1,960.00
Percent Replacement	100%
Future Cost	$2,268.74

Placed in Service	January 2009	
Useful Life	12	
Adjustment	5	
Replacement Year	25-26	
Remaining Life	3	

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	23-24
Remaining Life	1

Asset Actual Cost	$16,000.00
Percent Replacement	100%
Future Cost	$16,960.00

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	23-24
Remaining Life	1

Asset Actual Cost	$12,800.00
Percent Replacement	100%
Future Cost	$13,568.00

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	23-24
Remaining Life	1

Asset Actual Cost	$11,200.00
Percent Replacement	100%
Future Cost	$11,872.00

Concrete Pavers - Pool - 2038

19,327 Square Feet

@ $8.10

Asset ID	1030
Swimming Pool
Placed in Service	January 2009
Useful Life	30
Replacement Year	38-39
Remaining Life	16

Asset Actual Cost	$156,548.70
Percent Replacement		100% Future Cost	$266,110.43

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	$15,900.00	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

Lane Dividers - 2023

Lane Divider Reel - 2038

Asset ID	1055	Asset Actual Cost	$2,100.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$3,569.70	
Placed in Service	January 2009			
Useful Life	30			
Replacement Year	38-39			
Remaining Life	16			

1 Each

@ $2,100.00

6 Lanes

@ $530.00

Asset ID	1056	Asset Actual Cost	$3,180.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$3,370.80	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

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	$5,300.00	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

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	$64,091.14	
Placed in Service	January 2007		
Useful Life	30		
Replacement Year	36-37		
Remaining Life	14		

ol Lift - 2028	2 Each	@ $3,200.00	
Asset ID	1042	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$8,095.06	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	28-29			
Remaining Life	6			

Pool Lift continued...

Pool Resurfacing/Tile Misc Repair - 2023

	11,200 Square Feet	@ $26.80	
Asset ID	1032	Asset Actual Cost	$300,160.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$318,169.60	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

Asset ID	1035	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$12,720.00	
Placed in Service	January 2009			
Useful Life	12			
Adjustment	3			
Replacement Year	23-24			
Remaining Life	1			

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	$49,854.60	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	33-34			
Remaining Life	11			

Starting Blocks - 2028

Asset ID	1037	Asset Actual Cost	$16,200.00	
		Percent Replacement	100%	
	Swimming Pool	Future Cost	$20,490.62	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	28-29			
Remaining Life	6			

6 Each

@ $2,700.00

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	$21,994.68	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	33-34			
Remaining Life	11			

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	$40,713.33	
Placed in Service	January 2016			
Useful Life	7			
Adjustment	1			
Replacement Year	23-24			
Remaining Life	1			

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	$14,076.59	
Placed in Service	January 2009			
Useful Life	25			
Replacement Year	33-34			
Remaining Life	11			

Shade Structure Frame - Tennis Courts continued...

Park Bench Expanded Metal - 2028

2 Each

@ $1,300.00

Plastic Play Surface Border - 2028

246 Lineal Feet

@ $21.00

Asset ID	1046
Playground
Placed in Service	January 2009
Useful Life	20
Replacement Year	28-29
Remaining Life	6

Asset Actual Cost	$5,166.00
Percent Replacement	100%
Future Cost	$6,534.23

Asset ID	1049	Asset Actual Cost	$2,600.00	
		Percent Replacement	100%	
	Playground	Future Cost	$3,288.62	
Placed in Service	January 2009			
Useful Life	20			
Replacement Year	28-29			
Remaining Life	6			

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	28-29
Remaining Life	6

Asset Actual Cost	$30,000.00
Percent Replacement	100%
Future Cost	$37,945.60

Swings Two Bay Arched - 2028

1 Each

@ $3,200.00

Asset ID	1048
Playground
Placed in Service	January 2009
Useful Life	15
Adjustment	5
Replacement Year	28-29
Remaining Life	6

Asset Actual Cost	$3,200.00
Percent Replacement	100%
Future Cost	$4,047.53

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

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 Component Funding or Pooled Cash
Component Funding Contribution is a year one only amount
Current Funding Plan currently used by the Association
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
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 (if included) 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

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.