Full Reserve Study For
South Village Community Development District
Golf Course & Clubhouse Orange Park, Florida

Prepared for FY 2018 -2019 Report Date: June 9,2018

July 9, 2018

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

Re: Level I Reserve Study Update for South Village CDD Golf Course and Clubhouse 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 project their remaining useful life. We recommend an update with a site visit every two to three years unless changes in inventory or component inventory have occurred.

We have developed a plan to fund future capital component replacement 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 the Community Association Institute and the Standards of Practice established by the Association of Professional Reserve Analyst.

Once you have reviewed this report and considered recent expenditures and any historic cost data we will make necessary adjustments. Thank you for this opportunity and please let me know if you have any questions or concerns.

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
South Village CDD Golf Course & Clubhouse

PART I EXECUTIVE SUMMARY
Cash Flow Method Summary	1-1
PART II FINANCIAL PLAN
Cash Flow Funding Plan	2-1
Annual Asset Expenditure Charts	2-2
Cash Flow Funding Plan vs Fully Funded Plan	2-3
Cash Flow	2-4
PART III EXPENDITURES
Asset Current Cost by Category	3-1
Annual Expenditure Detail	3-2
PART IV COMPONENT INVENTORY & INFORMATION
Component Inventory	4-1
Component Detail Index	4-4
Component Detail	4-7
PART V METHODOLOGY & ASSUMPTIONS
Methodology	5-1
Definitions	5-3
General Assumptions	5-5
PART VI TERMS OF SERVICE
Terms of Service	6-1
PART VII - COMPANY PROFILE
Company Information	7-1
Credentials	7-2

Report Navigation
Your report has been prepared by a Reserve Analyst certified by both CAI and APRA which includes information about your components, financial status and provides a plan for future capital replacement cost. Content of each section is found below.
Table of Contents will guide you to each section
Project Assumptions & Notes contains information specific to your District, components not included and other useful information.
The Executive Summary provides a snap-shot of your information that includes inflation and interest rates, annual increases to assessment, reserve fund beginning balance and required contributions. Also, in the body of the page is a property description and other valuable information.
Funding Plan is your financial plan and includes replacement cost, necessary contributions, interest earned, expenditures, year ending reserve balance, fully funded reserves and percent funded.
Annual Asset Expenditure Charts provide a graphic illustration of expenditures and assessments. We try and make the assessments moderate and fairly level over time with slight increases.
Funding Plan vs Fully Funded chart is a graphic illustration of how your funding plan compares to a fully funded level. With Cash Flow Funding, it is not necessary to be fully funded as the chart shows but somewhere close to that figure over time is desired.
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.
Asset Current Cost by Category chart indicates where the replacement cost occurs by category such as painting, paving and roofing.
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.
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, what we agree to do and our credentials.

General Information
Some components have an unpredictable useful life which is dependent on original construction quality, maintenance procedures, amount of use and wear or for exterior components, the additional factor of exposure to the elements. Other components may be replacement over time due to varying condition for the same component or the Association has planned to fund this over time because of cost.
For these components, we often apply an allowance. Once we identify these components the Association should monitor annual repair and maintenance cost, so allowances can be adjusted at the next update.
Annual inspection by professional consultants of major components is recommended to extend the useful life of components and reduce operating cost. Cleaning, repair and regular maintenance should be completed based on these inspections. Recommended components include site concrete, roofing, gutters, paving, siding, painting, window and door sealants and other components as necessary.
Property Specific Information
Components with replacement cost of less than $1,000 are not included in this analysis and are funded by the operational budget.
Golf cart path bridges require some immediate maintenance to extend their useful life as projected. We recommend a more complete evaluation and this analysis updated.
Green and bunker restoration is a large multi-year expense for the purpose of this analysis. Future phases are not included, and this analysis should be updated once that work is complete. These large expenses create a funding plan that requires contributions that increase to meet the future large expense then fall once funded. The District may elect to fund these large one-time expenditures with a loan or special assessment which will provide a more level contribution over time.

Components not included in this analysis
Pond engineering evaluation or dredging
Sidewalk, curb, swale total replacement
Landscaping and irrigation
Wiring for light poles lighting
Main utility lines
Electrical transformers and connecting lines to buildings
Building foundations and frames
Building siding and trim
Utility lines within structures
Common water, sewer and vent
Electrical panels
Telephone and cable lines
Fire protection systems
Ceiling fans
Gutters and downspouts
Windows and doors unless noted
Access control
Camera system
Fire alarm panel

Security system
Brick paver walks and decks
Exhaust fans
Water heaters
Washer and dryers
Folding partition at dining room

Threshold Funding Model Summary of Calculations

Orange Park, Florida
Cash Flow Method Summary

Report Date

July 9, 2018

Budget Year Beginning Budget Year Ending

October 1, 2018
September 30, 2019

Report Parameters

Inflation
Annual Assessment Increase Interest Rate on Reserve Deposit

3.00%
3.00%
1.50%

2018 Beginning Balance

$50,000

South Village CDD Golf Course & Clubhouse is located in Orange Park, Florida and has as it major components, clubhouse, parking lots, golf course and maintenance buildings. All components are generally in good condition unless noted in this report.

The funding goal for the District is to maintain adequate funding for future component replacements. Reserves have not been adequately funded and require a minimum contribution for FY 2018/2019 of
$245,014 with annual increases to maintain a minimum of 30% full funding. Adequate funding is considered 30% to 70% fully funded. Contributions increase each year until major golf course restoration is complete then fall to lower levels. The District may elect to fund these large one-time expenditures with a loan or special assessment rather than annual contributions. This will provide a more moderate funding plan over time. The recommended funding plan is found on page 2-1.

Regular updates are recommended to keep your funding plan current with updated replacement cost, interest and inflation rates.

Required Annual Contribution	$245,014.43	
Average Net Annual Interest Earned	  $3,745.72	
Total Annual Allocation to Reserves	$248,760.15	

Cash Flow Funding Plan

Beginning Balance: $50,000

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

18-19	
1,521,356	
245,014	
3,746	
45,300	
253,460	
844,867	
30%	
19-20	1,566,996	174,225	6,384	2,060	432,010	968,016	45%	
20-21	1,614,006	179,452	8,843	21,961	598,343	1,078,073	56%	
21-22	1,662,426	184,835	9,905	122,823	670,261	1,089,247	62%	
22-23	1,712,299	190,380	12,361	36,579	836,424	1,192,747	70%	
23-24	1,763,668	196,092	9,991	366,460	676,046	960,745	70%	
24-25	1,816,578	201,975	12,597	38,210	852,408	1,063,364	80%	
25-26	1,871,075	208,034	9,178	448,546	621,074	788,363	79%	
26-27	1,927,208	214,275	11,827	46,870	800,306	923,491	87%	
27-28	1,985,024	220,703	14,591	48,277	987,323	1,066,017	93%	
28-29	2,044,575	227,324	16,483	115,792	1,115,338	1,148,215	97%	
29-30	2,057,464	234,144	14,904	355,914	1,008,471	1,216,722	83%	
30-31	2,119,188	241,168	10,483	550,771	709,351	1,150,807	62%	
31-32	2,182,763	248,403	8,447	394,595	571,607	1,257,723	45%	
32-33	2,248,246	255,855	5,968	429,575	403,855	1,346,181	30%	
33-34	1,926,202	127,212	7,770	13,087	525,749	1,078,719	49%	
34-35	1,983,988	131,028	9,804	3,209	663,371	1,217,787	54%	
35-36	2,043,507	134,959	8,242	248,844	557,728	1,111,324	50%	
36-37	2,104,813	139,008	9,744	47,157	659,322	1,212,803	54%	
37-38	2,167,957	143,178	11,606	28,757	785,348	1,339,781	59%	
38-39	2,232,996	147,473	13,220	51,474	894,568	1,450,776	62%	
39-40	2,299,986	151,897	15,641	3,721	1,058,386	1,618,002	65%	
40-41	2,368,985	156,454	16,427	119,680	1,111,587	1,674,632	66%	
41-42	2,440,055	161,148	16,071	201,306	1,087,501	1,652,828	66%	
42-43	2,513,256	165,982	16,494	153,883	1,116,095	1,683,274	66%	
43-44	2,588,654	170,962	9,378	661,868	634,566	1,195,589	53%	
44-45	2,666,314	176,091	11,733	28,467	793,923	1,349,983	59%	
45-46	2,746,303	181,373	3,431	746,594	232,132	773,774	30%	
46-47	2,828,692	186,815	5,766	34,548	390,165	918,254	42%	
47-48	2,913,553	192,419	7,961	51,844	538,701	1,053,959	51%	

Annual Asset Expenditure Charts

Cash Flow Funding Plan vs Fully Funded Plan

The Threshold Funding Model calculates the minimum reserve assessments, with the restriction that the reserve balance is not allowed to go below $0 or other predetermined threshold, during the period of time examined. All funds for planned reserve expenditures will be available on the first day of each fiscal year. The Threshold Funding Model allows the client to choose the level of conservative funding they desire by choosing the threshold dollar amount.

	18-19	19-20	20-21	21-22	22-23	23-24	24-25	25-26	26-27	27-28	
Beginning Balance	50,000	253,460	432,010	598,343	670,261	836,424	676,046	852,408	621,074	800,306	
Annual Assessment	245,014	174,225	179,452	184,835	190,380	196,092	201,975	208,034	214,275	220,703	
Interest Earned	3,746	6,384	8,843	9,905	12,361	9,991	12,597	9,178	11,827	14,591	
Expenditures	45,300	2,060	21,961	122,823	36,579	366,460	38,210	448,546	46,870	48,277	
Fully Funded Reserves	844,867	968,016	1,078,073	1,089,247	1,192,747	960,745	1,063,364	788,363	923,491	1,066,017	
Percent Fully Funded	30%	45%	56%	62%	70%	70%	80%	79%	87%	93%	
Ending Balance	253,460	432,010	598,343	670,261	836,424	676,046	852,408	621,074	800,306	987,323	

Description
Site Components											
Asphalt Resurfacing - Drive/Parking Lot								122,752			
Metal Gates - Dumpster Enclosure								3,321			
Wood Retaining Wall - Maintenance Driveway											
Site Components Total:								126,073			
Stormwater System											
Stormwater System Allowance											
Wood Bulkhead - Golf Club											
Wood Bulkhead - Hole 6											
Stormwater System Total:											
Building Components											
Aluminium Railings - Clubhouse Deck											
Locker Room Refurbishment											
Restroom Refurbish Allowance - Clulbhouse								9,839			
Restroom Refurbish Allowance - Golf Course								9,839			
Building Components Total:								19,678			
Doors & Windows											
Overhead Doors - Cart Barn											
Overhead Doors - Storage Building											
Overhead Doors- Maintenance Shop											
Doors & Windows Total:											

Description

18-19	19-20	20-21	21-22	22-23	23-24	24-25	25-26	26-27	27-28

Roofing		
Asphalt Shingles - Cluhouse
Asphalt Shingles - Golf Course Restrooms				58,050
10,823	
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse				
47,965	
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn					
Metal Roof Panels - Maintenance Shop
Roofing Total:
Flooring				
116,838	
Carpet Tile - Pro Shop
Quarry Tile - Kitchen					
Vinyl Tile - Foyer/Corridor/Dining/Office
Flooring Total:
Painting					
Exterior Painting - Cart Barn
Exterior Painting - Clubhouse		3,713
8,487			
Exterior Painting - Golf Course Restrooms
Exterior Painting - Storage Building		3,395		
3,075	
Painting - Maintenance Shop				5,165	
Painting Total:		15,595		8,240	
Mechanical Electrical Plumbing					
Fire Alarm Panel
Unit 1 - Pro Shop	
4,800			3,075	
Unit 2- Corridor/Offices
Unit 3 - Bar					
Unit 3 - Common Area	6,400				
Unit 3A - Common Area	6,400				
Unit 4 - Dining
Unit 5 - Dining	6,400		
6,993		
Unit 6 - Kitchen	11,200				

Description

18-19	19-20	20-21	21-22	22-23	23-24	24-25	25-26	26-27	27-28

Mechanical Electrical Plumbing continued...
Furniture Fixtures & Equipment		
AV Equipment Allowance
Aluminum Flag Pole						4,776				
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn						
4,179				
Furniture Fixtures & Equipment Total:						8,955				
Kitchen Equipment										
Charbroiler
Disposer - Dishwashing Station	
2,200									
Disposer - Prep Sink
Griddle	1,800		
1,093							
Ice Machine
Kegerator	
1,900			9,004						
Refrigerator
Sandwich Prep Refrigerated	2,200	
4,244								
Sandwich Prep Refrigerated										
Kitchen Equipment Total:	8,100	4,244	1,093	9,004						
Bar Components & Equipment										
Bar Back Refrigerator
Glass Door Refrigerator										
Glass Froster
Wine Refrigerator										
Wood Bar & Stone Top - Bar										
Bar Components & Equipment Total:										
Golf Course Components										
Greens Restoration Allowance (Over 4 years)
Sand Bunker Rebuild Allowance (Over 4 years)							
43,046	
44,337	
45,667	
Wood Bridge Stringers Decking & Rails - Cart ..					364,142					
Golf Course Components Total:					364,142		43,046	44,337	45,667	

Description

18-19	19-20	20-21	21-22	22-23	23-24	24-25	25-26	26-27	27-28

Irrigation System		
Irrigation Control System & Software
Irrigation Pump/Motor 1				109,273	
25,324						
Irrigation Pump/Motor 2
Misc. Filters & Equipment				
3,278			26,866				
VFD - Irrigation Pumps											
Irrigation System Total:				112,551	25,324		26,866				
Golf Equipment											
Golf Ball Dispenser											
Golf Equipment Total:											
Maintenance Equipment											
Kabota Loader								36,896			
Kabota Tractor								92,241			
Misc. Tools & Equipment Allowance	2,000	2,060	2,122	2,185	2,251	2,319	2,388	2,460	2,534	2,610	
Maintenance Equipment Total:	2,000	2,060	2,122	2,185	2,251	2,319	2,388	131,597	2,534	2,610	
Year Total:	45,300	2,060	21,961	122,823	36,579	366,460	38,210	448,546	46,870	48,277	

	28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36	36-37	37-38	
Beginning Balance	987,323	1,115,338	1,008,471	709,351	571,607	403,855	525,749	663,371	557,728	659,322	
Annual Assessment	227,324	234,144	241,168	248,403	255,855	127,212	131,028	134,959	139,008	143,178	
Interest Earned	16,483	14,904	10,483	8,447	5,968	7,770	9,804	8,242	9,744	11,606	
Expenditures	115,792	355,914	550,771	394,595	429,575	13,087	3,209	248,844	47,157	28,757	
Fully Funded Reserves	1,148,215	1,216,722	1,150,807	1,257,723	1,346,181	1,078,719	1,217,787	1,111,324	1,212,803	1,339,781	
Percent Fully Funded	97%	83%	62%	45%	30%	49%	54%	50%	54%	59%	
Ending Balance	1,115,338	1,008,471	709,351	571,607	403,855	525,749	663,371	557,728	659,322	785,348	

Description
Site Components											
Asphalt Resurfacing - Drive/Parking Lot											
Metal Gates - Dumpster Enclosure											
Wood Retaining Wall - Maintenance Driveway								18,842			
Site Components Total:								18,842			
Stormwater System											
Stormwater System Allowance			28,515								
Wood Bulkhead - Golf Club								67,767			
Wood Bulkhead - Hole 6								48,048			
Stormwater System Total:			28,515					115,815			
Building Components											
Aluminium Railings - Clubhouse Deck								19,875			
Locker Room Refurbishment			78,417								
Restroom Refurbish Allowance - Clulbhouse											
Restroom Refurbish Allowance - Golf Course											
Building Components Total:			78,417					19,875			
Doors & Windows											
Overhead Doors - Cart Barn				5,287							
Overhead Doors - Storage Building			5,133								
Overhead Doors- Maintenance Shop			9,410								
Doors & Windows Total:			14,543	5,287							

Description

28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36	36-37	37-38

Roofing		
Asphalt Shingles - Cluhouse
Asphalt Shingles - Golf Course Restrooms							
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse			11,406				
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn			2,566		
24,925		
Metal Roof Panels - Maintenance Shop
Roofing Total:
Flooring			
13,972		33,520
58,445		
Carpet Tile - Pro Shop
Quarry Tile - Kitchen	2,634	
7,087					
Vinyl Tile - Foyer/Corridor/Dining/Office
Flooring Total:
Painting	
2,634	
7,087					
Exterior Painting - Cart Barn
Exterior Painting - Clubhouse	
10,751				5,785	
13,619	
Exterior Painting - Golf Course Restrooms
Exterior Painting - Storage Building	4,301					5,448	
Painting - Maintenance Shop							
Painting Total:	15,052				5,785	19,067	
Mechanical Electrical Plumbing							
Fire Alarm Panel
Unit 1 - Pro Shop			
6,844				
Unit 2- Corridor/Offices	15,052						
Unit 3 - Bar	17,202						
Unit 3 - Common Area			9,125				
Unit 3A - Common Area			9,125				
Unit 4 - Dining
Unit 5 - Dining			9,125	
9,971			
Unit 6 - Kitchen			15,969				

Description

28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36	36-37	37-38

Mechanical Electrical Plumbing continued...
Furniture Fixtures & Equipment		
AV Equipment Allowance
Aluminum Flag Pole					6,050	
4,297			
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn					30,252		
5,959		
Furniture Fixtures & Equipment Total:					36,302	4,297	5,959		
Kitchen Equipment									
Charbroiler
Disposer - Dishwashing Station	
2,957			4,552					
Disposer - Prep Sink
Griddle	2,419						
1,702		
Ice Machine
Kegerator			
2,709		12,101				
Refrigerator
Sandwich Prep Refrigerated			3,137			
6,611			
Sandwich Prep Refrigerated				5,874					
Kitchen Equipment Total:	5,376		5,846	10,427	12,101	6,611	1,702		
Bar Components & Equipment									
Bar Back Refrigerator
Glass Door Refrigerator	
4,838			8,811					
Glass Froster	3,091								
Wine Refrigerator	2,822								
Wood Bar & Stone Top - Bar								25,250	
Bar Components & Equipment Total:	10,751			8,811				25,250	
Golf Course Components									
Greens Restoration Allowance (Over 4 years)
Sand Bunker Rebuild Allowance (Over 4 years)	
47,037	346,058	356,440	367,133	378,147				
Wood Bridge Stringers Decking & Rails - Cart ..									
Golf Course Components Total:	47,037	346,058	356,440	367,133	378,147				

Description

28-29	29-30	30-31	31-32	32-33	33-34	34-35	35-36	36-37	37-38

Irrigation System		
Irrigation Control System & Software
Irrigation Pump/Motor 1											
Irrigation Pump/Motor 2
Misc. Filters & Equipment									
5,107		
VFD - Irrigation Pumps								15,867			
Irrigation System Total:								15,867	5,107		
Golf Equipment											
Golf Ball Dispenser									11,917		
Golf Equipment Total:									11,917		
Maintenance Equipment											
Kabota Loader
Kabota Tractor											
Misc. Tools & Equipment Allowance	2,688	2,768	2,852	2,937	3,025	3,116	3,209	3,306	3,405	3,507	
Maintenance Equipment Total:	2,688	2,768	2,852	2,937	3,025	3,116	3,209	3,306	3,405	3,507	
Year Total:	115,792	355,914	550,771	394,595	429,575	13,087	3,209	248,844	47,157	28,757	

	38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46	46-47	47-48	
Beginning Balance	785,348	894,568	1,058,386	1,111,587	1,087,501	1,116,095	634,566	793,923	232,132	390,165	
Annual Assessment	147,473	151,897	156,454	161,148	165,982	170,962	176,091	181,373	186,815	192,419	
Interest Earned	13,220	15,641	16,427	16,071	16,494	9,378	11,733	3,431	5,766	7,961	
Expenditures	51,474	3,721	119,680	201,306	153,883	661,868	28,467	746,594	34,548	51,844	
Fully Funded Reserves	1,450,776	1,618,002	1,674,632	1,652,828	1,683,274	1,195,589	1,349,983	773,774	918,254	1,053,959	
Percent Fully Funded	62%	65%	66%	66%	66%	53%	59%	30%	42%	51%	
Ending Balance	894,568	1,058,386	1,111,587	1,087,501	1,116,095	634,566	793,923	232,132	390,165	538,701	

Description
Site Components											
Asphalt Resurfacing - Drive/Parking Lot								221,704			
Metal Gates - Dumpster Enclosure								5,997			
Wood Retaining Wall - Maintenance Driveway											
Site Components Total:								227,701			
Stormwater System											
Stormwater System Allowance											
Wood Bulkhead - Golf Club											
Wood Bulkhead - Hole 6											
Stormwater System Total:											
Building Components											
Aluminium Railings - Clubhouse Deck											
Locker Room Refurbishment											
Restroom Refurbish Allowance - Clulbhouse								17,770			
Restroom Refurbish Allowance - Golf Course								17,770			
Building Components Total:								35,541			
Doors & Windows											
Overhead Doors - Cart Barn											
Overhead Doors - Storage Building											
Overhead Doors- Maintenance Shop											
Doors & Windows Total:											

Description

38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46	46-47	47-48

Roofing		
Asphalt Shingles - Cluhouse
Asphalt Shingles - Golf Course Restrooms				104,845
19,547	
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse				
86,630	
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn					
Metal Roof Panels - Maintenance Shop
Roofing Total:
Flooring				
211,022	
Carpet Tile - Pro Shop
Quarry Tile - Kitchen	3,756				
Vinyl Tile - Foyer/Corridor/Dining/Office
Flooring Total:
Painting	
3,756	53,666
53,666			
Exterior Painting - Cart Barn
Exterior Painting - Clubhouse			
17,253		
Exterior Painting - Golf Course Restrooms
Exterior Painting - Storage Building			6,901	
5,553	
Painting - Maintenance Shop				9,329	
Painting Total:			24,154	14,883	
Mechanical Electrical Plumbing					
Fire Alarm Panel
Unit 1 - Pro Shop		
9,757		5,553	
Unit 2- Corridor/Offices	21,460				
Unit 3 - Bar	24,526				
Unit 3 - Common Area		13,010			
Unit 3A - Common Area		13,010			
Unit 4 - Dining
Unit 5 - Dining		13,010		
14,216	
Unit 6 - Kitchen		22,767			

Description

38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46	46-47	47-48

Mechanical Electrical Plumbing continued...
Furniture Fixtures & Equipment		
AV Equipment Allowance
Aluminum Flag Pole		7,664					
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn						47,131	
Furniture Fixtures & Equipment Total:		7,664				47,131	
Kitchen Equipment							
Charbroiler
Disposer - Dishwashing Station	
3,973				7,093		
Disposer - Prep Sink
Griddle	3,251						
Ice Machine			16,262				
Kegerator			3,862				
Refrigerator
Sandwich Prep Refrigerated			4,472				
Sandwich Prep Refrigerated					9,152		
Kitchen Equipment Total:	7,224		24,597		16,244		
Bar Components & Equipment							
Bar Back Refrigerator
Glass Door Refrigerator		
6,898			13,728		
Glass Froster		4,407					
Wine Refrigerator		4,024					
Wood Bar & Stone Top - Bar							
Bar Components & Equipment Total:		15,329			13,728		
Golf Course Components							
Greens Restoration Allowance (Over 4 years)
Sand Bunker Rebuild Allowance (Over 4 years)							
Wood Bridge Stringers Decking & Rails - Cart ..				657,681			
Golf Course Components Total:				657,681			

Description

38-39	39-40	40-41	41-42	42-43	43-44	44-45	45-46	46-47	47-48

Irrigation System		
Irrigation Control System & Software
Irrigation Pump/Motor 1	
40,638			197,359							
Irrigation Pump/Motor 2
Misc. Filters & Equipment			43,112								
VFD - Irrigation Pumps											
Irrigation System Total:	40,638		43,112	197,359							
Golf Equipment											
Golf Ball Dispenser											
Golf Equipment Total:											
Maintenance Equipment											
Kabota Loader								66,639			
Kabota Tractor								166,597			
Misc. Tools & Equipment Allowance	3,612	3,721	3,832	3,947	4,066	4,188	4,313	4,443	4,576	4,713	
Maintenance Equipment Total:	3,612	3,721	3,832	3,947	4,066	4,188	4,313	237,678	4,576	4,713	
Year Total:	51,474	3,721	119,680	201,306	153,883	661,868	28,467	746,594	34,548	51,844	

Description	Expenditures	
Replacement Year 18-19		
Mechanical Electrical Plumbing		
Unit 1 - Pro Shop	4,800	
Unit 3 - Common Area	6,400	
Unit 3A - Common Area	6,400	
Unit 4 - Dining	6,400	
Unit 6 - Kitchen	11,200	
Mechanical Electrical Plumbing - Total:	35,200	
Kitchen Equipment
Disposer - Dishwashing Station	
2,200	
Disposer - Prep Sink	1,800	
Kegerator	1,900	
Refrigerator	2,200	
Kitchen Equipment - Total:	8,100	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	2,000	
Total for 2018 - 2019	$45,300	
Replacement Year 19-20		
Maintenance Equipment		
Misc. Tools & Equipment Allowance	2,060	
Total for 2019 - 2020	
$2,060	
Replacement Year 20-21		
Painting		
Exterior Painting - Cart Barn	3,713	
Exterior Painting - Clubhouse	8,487	
Exterior Painting - Golf Course Restrooms	 3,395	
Painting - Total:	15,595	
Kitchen Equipment
Sandwich Prep Refrigerated	4,244
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,122
Total for 2020 - 2021	$21,961

Description	Expenditures

Replacement Year 21-22 Mechanical Electrical Plumbing
Unit 5 - Dining	6,993
Kitchen Equipment
Griddle	1,093

Irrigation System		
Irrigation Control System & Software	109,273	
Misc. Filters & Equipment	  3,278	
Irrigation System - Total:	112,551	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,185	
Total for 2021 - 2022	$122,823	
Replacement Year 22-23		
Kitchen Equipment		
Ice Machine	9,004	
Irrigation System		
Irrigation Pump/Motor 1	25,324	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	2,251	
Total for 2022 - 2023	$36,579	
Replacement Year 23-24		
Golf Course Components		
Wood Bridge Stringers Decking & Rails - Cart Paths	364,142	
Maintenance Equipment			
Misc. Tools & Equipment Allowance	2,319	
Total for 2023 - 2024	$366,460	
Replacement Year 24-25		
Furniture Fixtures & Equipment		
AV Equipment Allowance	4,776	
Ice Machine - Cart Barn	4,179	
Furniture Fixtures & Equipment - Total:	8,955	

Description	Expenditures

Replacement Year 24-25 continued...
Irrigation System
Irrigation Pump/Motor 2	26,866
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,388	
Total for 2024 - 2025	$38,210	
Replacement Year 25-26		
Site Components
Asphalt Resurfacing - Drive/Parking Lot	
122,752	
Metal Gates - Dumpster Enclosure	  3,321	
Site Components - Total:	126,073	
Building Components
Restroom Refurbish Allowance - Clulbhouse	9,839
Restroom Refurbish Allowance - Golf Course	 9,839 Building Components - Total:	19,678
Roofing
Asphalt Shingles - Cluhouse	58,050	
Asphalt Shingles - Golf Course Restrooms	10,823	
Membrane Roof - Clubhouse	 47,965	
Roofing - Total:	116,838	
Painting
Exterior Painting - Storage Building	
3,075	
Painting - Maintenance Shop	5,165	
Painting - Total:	8,240	
Mechanical Electrical Plumbing		
Fire Alarm Panel	3,075	
Golf Course Components
Sand Bunker Rebuild Allowance (Over 4 years)	43,046
Maintenance Equipment
Kabota Loader	36,896	
Kabota Tractor	92,241	
Misc. Tools & Equipment Allowance	  2,460	
Maintenance Equipment - Total:	131,597	
Total for 2025 - 2026	$448,546	

Description	Expenditures

Replacement Year 26-27 Golf Course Components
Sand Bunker Rebuild Allowance (Over 4 years)	44,337

Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,534	
Total for 2026 - 2027	$46,870	
Replacement Year 27-28		
Golf Course Components		
Sand Bunker Rebuild Allowance (Over 4 years)	45,667	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,610	
Total for 2027 - 2028	$48,277	
Replacement Year 28-29		
Flooring		
Carpet Tile - Pro Shop	2,634	
Painting
Exterior Painting - Clubhouse	
10,751	
Exterior Painting - Golf Course Restrooms	 4,301	
Painting - Total:	15,052	
Mechanical Electrical Plumbing		
Unit 2- Corridor/Offices	15,052	
Unit 3 - Bar	17,202	
Mechanical Electrical Plumbing - Total:	32,254	
Kitchen Equipment
Disposer - Dishwashing Station	2,957
Disposer - Prep Sink	2,419
Kitchen Equipment - Total:	5,376
Bar Components & Equipment
Glass Door Refrigerator	4,838	
Glass Froster	3,091	
Wine Refrigerator	 2,822	
Bar Components & Equipment - Total:	10,751	

Description	Expenditures

Replacement Year 28-29 continued...
Golf Course Components
Sand Bunker Rebuild Allowance (Over 4 years)	47,037
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,688

Total for 2028 - 2029	$115,792

Replacement Year 29-30 Flooring
Quarry Tile - Kitchen	7,087
Golf Course Components
Greens Restoration Allowance (Over 4 years)	346,058
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,768
Total for 2029 - 2030	$355,914

Replacement Year 30-31 Stormwater System
Stormwater System Allowance	28,515
Building Components
Locker Room Refurbishment	78,417
Doors & Windows
Overhead Doors - Storage Building	5,133
Overhead Doors- Maintenance Shop	 9,410
Doors & Windows - Total:	14,543
Roofing
Asphalt Shingles - Storage Building	11,406	
Metal Roof - Bag Drop	 2,566	
Roofing - Total:	13,972	
Mechanical Electrical Plumbing
Unit 1 - Pro Shop	
6,844	
Unit 3 - Common Area	9,125	
Unit 3A - Common Area	9,125	
Unit 4 - Dining	9,125	

Description	Expenditures

Replacement Year 30-31 continued...
Unit 6 - Kitchen	15,969
Mechanical Electrical Plumbing - Total:	50,187
Kitchen Equipment
Kegerator	2,709
Refrigerator	3,137
Kitchen Equipment - Total:	5,846
Golf Course Components
Greens Restoration Allowance (Over 4 years)	356,440
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,852
Total for 2030 - 2031	$550,771

Replacement Year 31-32 Doors & Windows
Overhead Doors - Cart Barn	5,287
Kitchen Equipment
Charbroiler	4,552
Sandwich Prep Refrigerated	 5,874
Kitchen Equipment - Total:	10,427
Bar Components & Equipment
Bar Back Refrigerator	8,811
Golf Course Components
Greens Restoration Allowance (Over 4 years)	367,133
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,937	
Total for 2031 - 2032	$394,595	
Replacement Year 32-33		
Furniture Fixtures & Equipment
AV Equipment Allowance	
6,050	
Furniture Allowance - Dining Rooms & Deck	30,252	
Furniture Fixtures & Equipment - Total:	36,302	

Description	Expenditures

Replacement Year 32-33 continued...
Kitchen Equipment
Ice Machine	12,101
Golf Course Components
Greens Restoration Allowance (Over 4 years)	378,147

Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,025	
Total for 2032 - 2033	$429,575	
Replacement Year 33-34		
Mechanical Electrical Plumbing		
Unit 5 - Dining	9,971	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,116	
Total for 2033 - 2034	$13,087	
Replacement Year 34-35		
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,209	
Total for 2034 - 2035	
$3,209	
Replacement Year 35-36		
Site Components		
Wood Retaining Wall - Maintenance Driveway	18,842	
Stormwater System			
Wood Bulkhead - Golf Club	67,767	
Wood Bulkhead - Hole 6	 48,048	
Stormwater System - Total:	115,815	
Building Components
Aluminium Railings - Clubhouse Deck	19,875
Roofing
Metal Roof Panels - Cart Barn	24,925
Metal Roof Panels - Maintenance Shop	33,520
Roofing - Total:	58,445

Description	Expenditures

Replacement Year 35-36 continued...
Painting
Exterior Painting - Cart Barn	5,785
Furniture Fixtures & Equipment
Aluminum Flag Pole	4,297
Kitchen Equipment
Sandwich Prep Refrigerated	6,611
Irrigation System
VFD - Irrigation Pumps	15,867
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,306	
Total for 2035 - 2036	$248,844	
Replacement Year 36-37		
Painting
Exterior Painting - Clubhouse	
13,619	
Exterior Painting - Golf Course Restrooms	 5,448	
Painting - Total:	19,067	
Furniture Fixtures & Equipment
Ice Machine - Cart Barn	
5,959	
Kitchen Equipment
Griddle	1,702
Irrigation System
Misc. Filters & Equipment	5,107
Golf Equipment
Golf Ball Dispenser	11,917
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,405
Total for 2036 - 2037	$47,157

Replacement Year 37-38
Bar Components & Equipment
Wood Bar & Stone Top - Bar	25,250
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,507
Total for 2037 - 2038	$28,757

Description	Expenditures	
Replacement Year 38-39		
Kitchen Equipment
Disposer - Dishwashing Station	
3,973	
Disposer - Prep Sink	3,251	
Kitchen Equipment - Total:	7,224	
Irrigation System
Irrigation Pump/Motor 1	40,638
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,612	
Total for 2038 - 2039	$51,474	
Replacement Year 39-40		
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,721	
Total for 2039 - 2040	
$3,721	
Replacement Year 40-41		
Flooring		
Carpet Tile - Pro Shop	3,756	
Mechanical Electrical Plumbing		
Unit 2- Corridor/Offices		21,460	
Unit 3 - Bar		24,526	
Mechanical Electrical	Plumbing - Total:	45,986	
Furniture Fixtures & Equipment	
AV Equipment Allowance	7,664	
Bar Components & Equipment		
Glass Door Refrigerator	6,898	
Glass Froster	4,407	
Wine Refrigerator	 4,024	
Bar Components & Equipment - Total:	15,329	
Irrigation System
Irrigation Pump/Motor 2	43,112
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,832
Total for 2040 - 2041	$119,680

Description	Expenditures

Replacement Year 41-42 Irrigation System
Irrigation Control System & Software	197,359

Maintenance Equipment			
Misc. Tools & Equipment Allowance	3,947	
Total for 2041 - 2042	$201,306	
Replacement Year 42-43		
Flooring		
Vinyl Tile - Foyer/Corridor/Dining/Office	53,666	
Mechanical Electrical Plumbing		
Unit 1 - Pro Shop		9,757	
Unit 3 - Common Area		13,010	
Unit 3A - Common Area		13,010	
Unit 4 - Dining		13,010	
Unit 6 - Kitchen		22,767	
Mechanical Electrical	Plumbing - Total:	71,554	
Kitchen Equipment			
Ice Machine		16,262	
Kegerator		3,862	
Refrigerator		 4,472	
Kitchen Equipment - Total:	24,597
Maintenance Equipment	
Misc. Tools & Equipment Allowance	4,066	
Total for 2042 - 2043	$153,883	
Replacement Year 43-44		
Golf Course Components		
Wood Bridge Stringers Decking & Rails - Cart Paths	657,681	
Maintenance Equipment			
Misc. Tools & Equipment Allowance	4,188	
Total for 2043 - 2044	$661,868	
Replacement Year 44-45		
Painting		
Exterior Painting - Clubhouse	17,253	

Description	Expenditures

Replacement Year 44-45 continued...
Exterior Painting - Golf Course Restrooms	 6,901 Painting - Total:	24,154
Maintenance Equipment
Misc. Tools & Equipment Allowance	4,313	
Total for 2044 - 2045	$28,467	
Replacement Year 45-46		
Site Components
Asphalt Resurfacing - Drive/Parking Lot	
221,704	
Metal Gates - Dumpster Enclosure	  5,997	
Site Components - Total:	227,701	
Building Components
Restroom Refurbish Allowance - Clulbhouse	17,770
Restroom Refurbish Allowance - Golf Course	17,770 Building Components - Total:	35,541
Roofing
Asphalt Shingles - Cluhouse	104,845	
Asphalt Shingles - Golf Course Restrooms	19,547	
Membrane Roof - Clubhouse	 86,630	
Roofing - Total:	211,022	
Painting
Exterior Painting - Storage Building	
5,553	
Painting - Maintenance Shop	 9,329	
Painting - Total:	14,883	
Mechanical Electrical Plumbing		
Fire Alarm Panel	5,553	
Unit 5 - Dining	14,216	
Mechanical Electrical Plumbing - Total:	19,769	
Maintenance Equipment
Kabota Loader	
66,639	
Kabota Tractor	166,597	
Misc. Tools & Equipment Allowance	  4,443	
Maintenance Equipment - Total:	237,678	
Total for 2045 - 2046	$746,594	

Description	Expenditures	
Replacement Year 46-47		
Kitchen Equipment		
Charbroiler	7,093	
Sandwich Prep Refrigerated	 9,152	
Kitchen Equipment - Total:	16,244	
Bar Components & Equipment		
Bar Back Refrigerator	13,728	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	4,576	
Total for 2046 - 2047	$34,548	
Replacement Year 47-48		
Furniture Fixtures & Equipment		
Furniture Allowance - Dining Rooms & Deck	47,131	
Maintenance Equipment			
Misc. Tools & Equipment Allowance	4,713
Total for 2047 - 2048	$51,844

Description		
Site Components		
Asphalt Resurfacing - Drive/Parking Lot	05-06	25-26	20	0	7	6,317 Square Yards	15.80	99,809	
Metal Gates - Dumpster Enclosure	05-06	25-26	20	0	7	3 Each	900.00	2,700	
Wood Retaining Wall - Maintenance Driv..	05-06	35-36	30	0	17	120 Linear Feet	95.00	  11,400	
Site Components - Total								$113,909	
Stormwater System									
Stormwater System Allowance	05-06	30-31	25	0	12	1 Lump Sum	20,000.00	20,000	
Wood Bulkhead - Golf Club	05-06	35-36	30	0	17	410 Linear Feet	100.00	41,000	
Wood Bulkhead - Hole 6	05-06	35-36	30	0	17	306 Linear Feet	95.00	 29,070	
Stormwater System - Total								$90,070	
Building Components									
Aluminium Railings - Clubhouse Deck	05-06	35-36	30	0	17	185 Linear Feet	65.00	12,025	
Locker Room Refurbishment	05-06	30-31	20	5	12	1 Lump Sum	55,000.00	55,000	
Restroom Refurbish Allowance - Clulbhou..	05-06	25-26	20	0	7	1 Lump Sum	8,000.00	8,000	
Restroom Refurbish Allowance - Golf Cou..	05-06	25-26	20	0	7	2 Each	4,000.00	  8,000	
Building Components - Total								$83,025	
Doors & Windows									
Overhead Doors - Cart Barn	06-07	31-32	25	0	13	2 Each	1,800.00	3,600	
Overhead Doors - Storage Building	05-06	30-31	25	0	12	2 Each	1,800.00	3,600	
Overhead Doors- Maintenance Shop	05-06	30-31	25	0	12	3 Each	2,200.00	  6,600	
Doors & Windows - Total								$13,800	
Roofing									
Asphalt Shingles - Cluhouse	05-06	25-26	20	0	7	118 Squares	400.00	47,200	
Asphalt Shingles - Golf Course Restrooms  05-06	25-26	20	0	7	22 Squares	400.00	8,800	
Asphalt Shingles - Storage Building	05-06	30-31	25	0	12	20 Squares	400.00	8,000	
Membrane Roof - Clubhouse	05-06	25-26	20	0	7	3,250 Square Feet	12.00	39,000	
Metal Roof - Bag Drop	05-06	30-31	25	0	12	1 Lump Sum	1,800.00	1,800	
Metal Roof Panels - Cart Barn	05-06	35-36	30	0	17	5,800 Square Feet	2.60	15,080	
Metal Roof Panels - Maintenance Shop	05-06	35-36	30	0	17	7,800 Square Feet	2.60	  20,280	
Roofing - Total								$140,160	
Flooring									
Carpet Tile - Pro Shop	16-17	28-29	12	0	10	700 Square Feet	2.80	1,960	
Quarry Tile - Kitchen	99-00	29-30	30	0	11	800 Square Feet	6.40	5,120	
Vinyl Tile - Foyer/Corridor/Dining/Office	17-18	42-43	25	0	24	2,200 Square Feet	12.00	 26,400	
Flooring - Total								$33,480	
Painting									
Exterior Painting - Cart Barn	05-06	20-21	15	0	2	1 Lump Sum	3,500.00	3,500	
Exterior Painting - Clubhouse	05-06	20-21	8	7	2	1 Lump Sum	8,000.00	8,000	

Description									
Painting continued...									
Exterior Painting - Golf Course Restrooms	05-06	20-21	8	7	2	2 Each	1,600.00	3,200	
Exterior Painting - Storage Building	05-06	25-26	20	0	7	1 Lump Sum	2,500.00	2,500	
Painting - Maintenance Shop	05-06	25-26	20	0	7	1 Lump Sum	4,200.00	  4,200	
Painting - Total								$21,400	
Mechanical Electrical Plumbing
Fire Alarm Panel	
05-06	
25-26	
20	
0	
7	
1 Each	
2,500.00	
2,500	
Unit 1 - Pro Shop	05-06	18-19	12	0	0	3 Ton	1,600.00	4,800	
Unit 2- Corridor/Offices	16-17	28-29	12	0	10	7 Ton	1,600.00	11,200	
Unit 3 - Bar	16-17	28-29	12	0	10	8 Ton	1,600.00	12,800	
Unit 3 - Common Area	02-03	18-19	12	0	0	4 Ton	1,600.00	6,400	
Unit 3A - Common Area	02-03	18-19	12	0	0	4 Ton	1,600.00	6,400	
Unit 4 - Dining	05-06	18-19	12	0	0	4 Ton	1,600.00	6,400	
Unit 5 - Dining	09-10	21-22	12	0	3	4 Ton	1,600.00	6,400	
Unit 6 - Kitchen	05-06	18-19	12	0	0	7 Ton	1,600.00	 11,200	
Mechanical Electrical Plumbing - Total								$68,100	
Furniture Fixtures & Equipment
AV Equipment Allowance	
16-17	
24-25	
8	
0	
6	
1 Lump Sum	
4,000.00	
4,000	
Aluminum Flag Pole	05-06	35-36	30	0	17	1 Each	2,600.00	2,600	
Furniture Allowance - Dining Rooms & D..	17-18	32-33	15	0	14	1 Lump Sum	20,000.00	20,000	
Ice Machine - Cart Barn	12-13	24-25	12	0	6	1 Lump Sum	3,500.00	  3,500	
Furniture Fixtures & Equipment - Total								$30,100	
Kitchen Equipment
Charbroiler	
16-17	
31-32	
15	
0	
13	
1 Each	
3,100.00	
3,100	
Disposer - Dishwashing Station	05-06	18-19	10	0	0	1 Each	2,200.00	2,200	
Disposer - Prep Sink	05-06	18-19	10	0	0	1 Each	1,800.00	1,800	
Griddle	06-07	21-22	15	0	3	1 Each	1,000.00	1,000	
Ice Machine	12-13	22-23	10	0	4	1 Each	8,000.00	8,000	
Kegerator	06-07	18-19	12	0	0	1 Each	1,900.00	1,900	
Refrigerator	06-07	18-19	12	0	0	1 Each	2,200.00	2,200	
Sandwich Prep Refrigerated	05-06	20-21	15	0	2	1 Each	4,000.00	4,000	
Sandwich Prep Refrigerated	16-17	31-32	15	0	13	1 Each	4,000.00	  4,000	
Kitchen Equipment - Total								$28,200	
Bar Components & Equipment
Bar Back Refrigerator	
16-17	
31-32	
15	
0	
13	
1 Each	
6,000.00	
6,000	
Glass Door Refrigerator	16-17	28-29	12	0	10	1 Each	3,600.00	3,600	
Glass Froster	16-17	28-29	12	0	10	1 Each	2,300.00	2,300	
Wine Refrigerator	16-17	28-29	12	0	10	1 Each	2,100.00	2,100	
Wood Bar & Stone Top - Bar	17-18	37-38	20	0	19	18 Linear Feet	800.00	 14,400	
Bar Components & Equipment - Total								$28,400	

Description									
Golf Course Components
Greens Restoration Allowance (Over 4 yea..	
29-30	
29-30	
1	
0	
11	
1 Lump Sum	
250,000.00	
250,000	
Sand Bunker Rebuild Allowance (Over 4 y..	25-26	25-26	1	0	7	1 Lump Sum	35,000.00	35,000	
Wood Bridge Stringers Decking & Rails - ..	05-06	23-24	20	-2	5	9,816 Square Feet	32.00	 314,112	
Golf Course Components - Total								$599,112	
Irrigation System
Irrigation Control System & Software	
05-06	
21-22	
20	
-4	
3	
1 Lump Sum	
100,000.00	
100,000	
Irrigation Pump/Motor 1	06-07	22-23	16	0	4	75 HP	300.00	22,500	
Irrigation Pump/Motor 2	06-07	24-25	16	2	6	75 HP	300.00	22,500	
Misc. Filters & Equipment	06-07	21-22	15	0	3	1 Lump Sum	3,000.00	3,000	
VFD - Irrigation Pumps	15-16	35-36	20	0	17	2 HP	4,800.00		9,600	
Irrigation System - Total								$157,600	
Golf Equipment
Golf Ball Dispenser	
16-17	
36-37	
20	
0	
18	
1 Lump Sum	
7,000.00	
 7,000	
Golf Equipment - Total								$7,000	
Maintenance Equipment
Kabota Loader	
05-06	
25-26	
20	
0	
7	
1 Each	
30,000.00	
30,000	
Kabota Tractor	05-06	25-26	20	0	7	3 Each	25,000.00	75,000	
Misc. Tools & Equipment Allowance	05-06	18-19	1	0	0	1 Lump Sum	2,000.00		2,000	
Maintenance Equipment - Total								$107,000	
Total Asset Summary								$1,521,356	

Asset ID Description	Replacement	Page

Site Components
1005	Asphalt Resurfacing - Drive/Parking Lot	25-26	4-7	
1002	Metal Gates - Dumpster Enclosure	25-26	4-7	
1001	Wood Retaining Wall - Maintenance Driveway	35-36	4-8	

Stormwater System	
1067	Stormwater System Allowance	30-31	4-9	
1068	Wood Bulkhead - Golf Club	35-36	4-9	
1069	Wood Bulkhead - Hole 6	35-36	4-10	

Building Components	
1053	Aluminium Railings - Clubhouse Deck	35-36	4-11	
1049	Locker Room Refurbishment	30-31	4-11	
1050	Restroom Refurbish Allowance - Clulbhouse	25-26	4-12	
1051	Restroom Refurbish Allowance - Golf Course	25-26	4-13	

Doors & Windows	
1078	Overhead Doors - Cart Barn	31-32	4-14	
1079	Overhead Doors - Storage Building	30-31	4-14	
1081	Overhead Doors- Maintenance Shop	30-31	4-15	
Roofing				
1012	Asphalt Shingles - Cluhouse	25-26	4-16	
1007	Asphalt Shingles - Golf Course Restrooms	25-26	4-16	
1014	Asphalt Shingles - Storage Building	30-31	4-17	
1010	Membrane Roof - Clubhouse	25-26	4-17	
1011	Metal Roof - Bag Drop	30-31	4-17	
1009	Metal Roof Panels - Cart Barn	35-36	4-18	
1013	Metal Roof Panels - Maintenance Shop	35-36	4-19	

Flooring
1040	

Carpet Tile - Pro Shop	

28-29	

4-20	
1041	Quarry Tile - Kitchen	29-30	4-20	
1043	Vinyl Tile - Foyer/Corridor/Dining/Office	42-43	4-21	

Painting
1044	

Exterior Painting - Cart Barn	

20-21	

4-22	
1046	Exterior Painting - Clubhouse	20-21	4-22	

Asset ID	Description	Replacement	Page	
Painting	Continued...			
1047	Exterior Painting - Golf Course Restrooms	20-21	4-23	
1048	Exterior Painting - Storage Building	25-26	4-24	
1045	Painting - Maintenance Shop	25-26	4-24	

Mechanical Electrical Plumbing	
1018	Fire Alarm Panel	25-26	4-26	
1022	Unit 1 - Pro Shop	18-19	4-26	
1017	Unit 2- Corridor/Offices	28-29	4-26	
1021	Unit 3 - Bar	28-29	4-27	
1020	Unit 3 - Common Area	18-19	4-27	
1015	Unit 3A - Common Area	18-19	4-27	
1023	Unit 4 - Dining	18-19	4-27	
1024	Unit 5 - Dining	21-22	4-28	
1016	Unit 6 - Kitchen	18-19	4-28	

Furniture Fixtures & Equipment	
1038	AV Equipment Allowance	24-25	4-29	
1037	Aluminum Flag Pole	35-36	4-29	
1035	Furniture Allowance - Dining Rooms & Deck	32-33	4-30	
1039	Ice Machine - Cart Barn	24-25	4-30	

Kitchen Equipment	
1027	Charbroiler	31-32	4-31	
1032	Disposer - Dishwashing Station	18-19	4-31	
1031	Disposer - Prep Sink	18-19	4-32	
1028	Griddle	21-22	4-32	
1033	Ice Machine	22-23	4-33	
1030	Kegerator	18-19	4-33	
1025	Refrigerator	18-19	4-34	
1026	Sandwich Prep Refrigerated	20-21	4-34	
1029	Sandwich Prep Refrigerated	31-32	4-35	

Bar Components & Equipment	
1057	Bar Back Refrigerator	31-32	4-36	
1060	Glass Door Refrigerator	28-29	4-36	
1058	Glass Froster	28-29	4-37	
1061	Wine Refrigerator	28-29	4-37	

Asset ID Description	Replacement	Page

Bar Components & Equipment Continued...	
1056	Wood Bar & Stone Top - Bar	37-38	4-38	

Golf Course Components	
1065	Greens Restoration Allowance (Over 4 years)	29-30	4-39	
1066	Sand Bunker Rebuild Allowance (Over 4 years)	25-26	4-39	
1063	Wood Bridge Stringers Decking & Rails - Cart Paths	23-24	4-39	

Irrigation System	
1077	Irrigation Control System & Software	21-22	4-41	
1074	Irrigation Pump/Motor 1	22-23	4-41	
1075	Irrigation Pump/Motor 2	24-25	4-41	
1073	Misc. Filters & Equipment	21-22	4-42	
1076	VFD - Irrigation Pumps	35-36	4-42	

Golf Equipment	
1062	Golf Ball Dispenser	36-37	4-44	

Maintenance Equipment	
1072	Kabota Loader	25-26	4-45	
1071	Kabota Tractor	25-26	4-45	
1070	Misc. Tools & Equipment Allowance	18-19	4-46	

Total Funded Assets	
67	
Total Unfunded Assets	 0	
Total Assets	67	

Asphalt Resurfacing - Drive/Parking Lot - 2025

	6,317 Square Yards	@ $15.80	
Asset ID	1005	Asset Cost	$99,808.60	
		Percent Replacement	100%	
	Site Components	Future Cost	$122,751.99	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Metal Gates - Dumpster Enclosure - 2025

	3 Each	@ $900.00	
Asset ID	1002	Asset Cost	$2,700.00	
		Percent Replacement	100%	
	Site Components	Future Cost	$3,320.66	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Wood Retaining Wall - Maintenance Driveway - 2035

		120 Linear Feet	@ $95.00	
Asset ID	1001	Asset Cost	$11,400.00	
		Percent Replacement	100%	
	Site Components	Future Cost	$18,842.46	
Placed in Service	June 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	17			

Site Components - Total Current Cost	$113,909

Stormwater System Allowance - 2030

		1 Lump Sum	@ $20,000.00	
Asset ID	1067	Asset Cost	$20,000.00	
		Percent Replacement	100%	
	Stormwater System	Future Cost	$28,515.22	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	12			

Wood Bulkhead - Golf Club - 2035

	410 Linear Feet	@ $100.00	
Asset ID	1068	Asset Cost	$41,000.00	
		Percent Replacement	100%	
	Stormwater System	Future Cost	$67,766.75	
Placed in Service	June 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	17			

Wood Bulkhead - Hole 6 - 2035

306 Linear Feet

@ $95.00

Asset ID	1069
Stormwater System
Placed in Service	June 2006
Useful Life	30
Replacement Year	35-36
Remaining Life	17

Asset Cost	$29,070.00
Percent Replacement	100%
Future Cost	$48,048.28

Stormwater System - Total Current Cost	$90,070

Aluminium Railings - Clubhouse Deck - 2035

	185 Linear Feet	@ $65.00	
Asset ID	1053	Asset Cost	$12,025.00	
		Percent Replacement	100%	
	Building Components	Future Cost	$19,875.49	
Placed in Service	January 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	17			

Locker Room Refurbishment - 2030

	1 Lump Sum	@ $55,000.00	
Asset ID	1049	Asset Cost	$55,000.00	
		Percent Replacement	100%	
	Building Components	Future Cost	$78,416.85	
Placed in Service	January 2006			
Useful Life	20			
Adjustment	5			
Replacement Year	30-31			
Remaining Life	12			

Locker Room Refurbishment continued...

Restroom Refurbish Allowance - Clulbhouse - 2025

		1 Lump Sum	@ $8,000.00	
Asset ID	1050	Asset Cost	$8,000.00	
		Percent Replacement	100%	
	Building Components	Future Cost	$9,838.99	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Restroom Refurbish Allowance - Golf Course - 2025

		2 Each	@ $4,000.00	
Asset ID	1051	Asset Cost	$8,000.00	
		Percent Replacement	100%	
	Building Components	Future Cost	$9,838.99	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Building Components - Total Current Cost	$83,025

Overhead Doors - Cart Barn - 2031

2 Each

@ $1,800.00

Asset ID	1078
Doors & Windows
Placed in Service	June 2007
Useful Life	25
Replacement Year	31-32
Remaining Life	13

Asset Cost	$3,600.00
Percent Replacement	100%
Future Cost	$5,286.72

Overhead Doors - Storage Building - 2030

		2 Each	@ $1,800.00	
Asset ID	1079	Asset Cost	$3,600.00	
		Percent Replacement	100%	
	Doors & Windows	Future Cost	$5,132.74	
Placed in Service	January 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	12			

Overhead Doors- Maintenance Shop - 2030

		3 Each	@ $2,200.00	
Asset ID	1081	Asset Cost	$6,600.00	
		Percent Replacement	100%	
	Doors & Windows	Future Cost	$9,410.02	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	12			

Doors & Windows - Total Current Cost	$13,800

Asphalt Shingles - Cluhouse - 2025

118 Squares

@ $400.00

Asset ID	1012
Roofing
Placed in Service	January 2006
Useful Life	20
Replacement Year	25-26
Remaining Life	7

Asset Cost	$47,200.00
Percent Replacement	100%
Future Cost	$58,050.05

Asphalt Shingles - Golf Course Restrooms - 2025

	22 Squares	@ $400.00	
Asset ID	1007	Asset Cost	$8,800.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$10,822.89	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Asphalt Shingles - Storage Building - 2030

		20 Squares	@ $400.00	
Asset ID	1014	Asset Cost	$8,000.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$11,406.09	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	12			

Membrane Roof - Clubhouse - 2025

	3,250 Square Feet	@ $12.00	
Asset ID	1010	Asset Cost	$39,000.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$47,965.08	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Metal Roof - Bag Drop - 2030

1 Lump Sum

@ $1,800.00

Asset ID	1011	Asset Cost	$1,800.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$2,566.37	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	12			

Metal Roof - Bag Drop continued...

Metal Roof Panels - Cart Barn - 2035

	5,800 Square Feet	@ $2.60	
Asset ID	1009	Asset Cost	$15,080.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$24,924.94	
Placed in Service	June 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	17			

Metal Roof Panels - Maintenance Shop - 2035

		7,800 Square Feet	@ $2.60	
Asset ID	1013	Asset Cost	$20,280.00	
		Percent Replacement	100%	
	Roofing	Future Cost	$33,519.75	
Placed in Service	June 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	17			

Roofing - Total Current Cost	$140,160

Carpet Tile - Pro Shop - 2028

700 Square Feet

@ $2.80

Asset ID	1040
Flooring
Placed in Service	January 2017
Useful Life	12
Replacement Year	28-29
Remaining Life	10

Asset Cost	$1,960.00
Percent Replacement	100%
Future Cost	$2,634.08

Quarry Tile - Kitchen - 2029

800 Square Feet

@ $6.40

Asset ID	1041
Flooring
Placed in Service	January 2000
Useful Life	30
Replacement Year	29-30
Remaining Life	11

Asset Cost	$5,120.00
Percent Replacement	100%
Future Cost	$7,087.28

Vinyl Tile - Foyer/Corridor/Dining/Office - 2042

	2,200 Square Feet	@ $12.00	
Asset ID	1043	Asset Cost	$26,400.00	
	Percent Replacement	100%	
Flooring	Future Cost	$53,665.76	
Placed in Service	March 2018		
Useful Life	25		
Replacement Year	42-43		
Remaining Life	24		

Flooring - Total Current Cost	$33,480

Exterior Painting - Cart Barn - 2020

	1 Lump Sum	@ $3,500.00	
Asset ID	1044	Asset Cost	$3,500.00	
		Percent Replacement	100%	
	Painting	Future Cost	$3,713.15	
Placed in Service	June 2006			
Useful Life	15			
Replacement Year	20-21			
Remaining Life	2			

Exterior Painting - Clubhouse - 2020

	1 Lump Sum	@ $8,000.00	
Asset ID	1046	Asset Cost	$8,000.00	
		Percent Replacement	100%	
	Painting	Future Cost	$8,487.20	
Placed in Service	June 2006			
Useful Life	8			
Adjustment	7			
Replacement Year	20-21			
Remaining Life	2			

Exterior Painting - Clubhouse continued...

Exterior Painting - Golf Course Restrooms - 2020

		2 Each	@ $1,600.00	
Asset ID	1047	Asset Cost	$3,200.00	
		Percent Replacement	100%	
	Painting	Future Cost	$3,394.88	
Placed in Service	June 2006			
Useful Life	8			
Adjustment	7			
Replacement Year	20-21			
Remaining Life	2			

Exterior Painting - Storage Building - 2025

		1 Lump Sum	@ $2,500.00	
Asset ID	1048	Asset Cost	$2,500.00	
		Percent Replacement	100%	
	Painting	Future Cost	$3,074.68	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Painting - Maintenance Shop - 2025

	1 Lump Sum	@ $4,200.00	
Asset ID	1045	Asset Cost	$4,200.00	
		Percent Replacement	100%	
	Painting	Future Cost	$5,165.47	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	7			

Painting - Total Current Cost	$21,400

Fire Alarm Panel - 2025
Asset ID	
1018	1 Each Asset Cost	@ $2,500.00
$2,500.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$3,074.68	
Placed in Service	January 2006	
Useful Life	20	
Replacement Year	25-26	
Remaining Life	7	

Unit 1 - Pro Shop - 2018		3 Ton	@ $1,600.00	
Asset ID	1022	Asset Cost	$4,800.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$4,800.00	

Placed in Service	January 2006	
Useful Life	12	
Replacement Year	18-19	
Remaining Life	0	

Unit 2- Corridor/Offices - 2028

7 Ton

@ $1,600.00

Unit 3 - Bar - 2028		8 Ton	@ $1,600.00	
Asset ID	1021	Asset Cost	$12,800.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$17,202.13	

Placed in Service	January 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	10	

Unit 3 - Common Area - 2018		4 Ton	@ $1,600.00	
Asset ID	1020	Asset Cost	$6,400.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$6,400.00	

Placed in Service	January 2003	
Useful Life	12	
Replacement Year	18-19	
Remaining Life	0	

Unit 3A - Common Area - 2018

4 Ton

@ $1,600.00

Unit 5 - Dining - 2021		4 Ton	@ $1,600.00	
Asset ID	1024	Asset Cost	$6,400.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$6,993.45	

Placed in Service	January 2010	
Useful Life	12	
Replacement Year	21-22	
Remaining Life	3	

Unit 6 - Kitchen - 2018		7 Ton	@ $1,600.00	
Asset ID	1016	Asset Cost	$11,200.00	
		Percent Replacement	100%	
Mechanical Electrical	Plumbing	Future Cost	$11,200.00	

Placed in Service	January 2006	
Useful Life	12	
Replacement Year	18-19	
Remaining Life	0	

AV Equipment Allowance - 2024

1 Lump Sum

@ $4,000.00

Asset ID	1038
Furniture Fixtures & Equipment
Placed in Service	June 2017	
Useful Life	8	
Replacement Year	24-25	
Remaining Life	6	

Aluminum Flag Pole - 2035

1 Each

@ $2,600.00

Asset ID	1037

Furniture Fixtures & Equipment

Asset Cost	$4,000.00
Percent Replacement	100%
Future Cost	$4,776.21

Asset Cost	$2,600.00
Percent Replacement	100%
Future Cost	$4,297.40

Placed in Service	June 2006	
Useful Life	30	
Replacement Year	35-36	
Remaining Life	17	

Furniture Allowance - Dining Rooms & Deck - 2032

Asset ID	1035
Furniture Fixtures & Equipment
Placed in Service	January 2018	
Useful Life	15	
Replacement Year	32-33	
Remaining Life	14	

Asset ID	1039

Furniture Fixtures & Equipment

1 Lump Sum	@ $20,000.00 Asset Cost		$20,000.00
Percent Replacement	100%
Future Cost	$30,251.79

Ice Machine - Cart Barn - 2024

1 Lump Sum

@ $3,500.00

Asset Cost	$3,500.00
Percent Replacement	100%
Future Cost	$4,179.18

Placed in Service	January 2013	
Useful Life	12	
Replacement Year	24-25	
Remaining Life	6	

Charbroiler - 2031		1 Each	@ $3,100.00	
Asset ID	1027	Asset Cost	$3,100.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$4,552.45	
Placed in Service	June 2017			
Useful Life	15			
Replacement Year	31-32			
Remaining Life	13			

Disposer - Dishwashing Station - 2018

1 Each

@ $2,200.00

Asset ID	1032	Asset Cost	$2,200.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$2,200.00	
Placed in Service	June 2006			
Useful Life	10			
Replacement Year	18-19			
Remaining Life	0			

Disposer - Prep Sink - 2018

1 Each

@ $1,800.00

Asset ID	1031
Kitchen Equipment
Placed in Service	June 2006
Useful Life	10
Replacement Year	18-19
Remaining Life	0

Asset Cost	$1,800.00
Percent Replacement	100%
Future Cost	$1,800.00

Griddle - 2021		1 Each	@ $1,000.00	
Asset ID	1028	Asset Cost	$1,000.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$1,092.73	
Placed in Service	June 2007			
Useful Life	15			
Replacement Year	21-22			
Remaining Life	3			

Asset ID	1033	Asset Cost	$8,000.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$9,004.07	
Placed in Service	January 2013			
Useful Life	10			
Replacement Year	22-23			
Remaining Life	4			

Ice Machine - 2022

1 Each

@ $8,000.00

Kegerator - 2018		1 Each	@ $1,900.00	
Asset ID	1030	Asset Cost	$1,900.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$1,900.00	
Placed in Service	June 2007			
Useful Life	12			
Replacement Year	18-19			
Remaining Life	0			

Refrigerator - 2018		1 Each	@ $2,200.00	
Asset ID	1025	Asset Cost	$2,200.00	
		Percent Replacement	100%	
	Kitchen Equipment	Future Cost	$2,200.00	
Placed in Service	June 2007			
Useful Life	12			
Replacement Year	18-19			
Remaining Life	0			

Sandwich Prep Refrigerated - 2020

1 Each

@ $4,000.00

Asset ID	1026
Kitchen Equipment
Placed in Service	June 2006
Useful Life	15
Replacement Year	20-21
Remaining Life	2

Asset Cost	$4,000.00
Percent Replacement	100%
Future Cost	$4,243.60

Sandwich Prep Refrigerated - 2031

1 Each

@ $4,000.00

Asset ID	1029
Kitchen Equipment
Placed in Service	June 2017
Useful Life	15
Replacement Year	31-32
Remaining Life	13

Asset Cost	$4,000.00
Percent Replacement	100%
Future Cost	$5,874.13

Kitchen Equipment - Total Current Cost	$28,200

Bar Back Refrigerator - 2031

1 Each

@ $6,000.00

Asset ID	1057

Bar Components & Equipment
Placed in Service	June 2017	
Useful Life	15	
Replacement Year	31-32	
Remaining Life	13	

Glass Door Refrigerator - 2028

1 Each

@ $3,600.00

Asset ID	1060

Bar Components & Equipment

Asset Cost	$6,000.00
Percent Replacement	100%
Future Cost	$8,811.20

Asset Cost	$3,600.00
Percent Replacement	100%
Future Cost	$4,838.10

Placed in Service	June 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	10	

Glass Froster - 2028

1 Each

@ $2,300.00

Asset ID	1058

Bar Components & Equipment
Placed in Service	June 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	10	

Wine Refrigerator - 2028

1 Each

@ $2,100.00

Asset ID	1061

Bar Components & Equipment

Asset Cost	$2,300.00
Percent Replacement	100%
Future Cost	$3,091.01

Asset Cost	$2,100.00
Percent Replacement	100%
Future Cost	$2,822.22

Placed in Service	June 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	10	

Wood Bar & Stone Top - Bar - 2037

Asset ID	1056
Bar Components & Equipment

18 Linear Feet	@ $800.00
Asset Cost	$14,400.00
Percent Replacement	100%
Future Cost	$25,250.49

Placed in Service	January 2018	
Useful Life	20	
Replacement Year	37-38	
Remaining Life	19	

Bar Components & Equipment - Total Current Cost	$28,400

Greens Restoration Allowance (Over 4 years) - 2029

Asset ID	1065
Golf Course Components
Placed in Service	June 2030	
Useful Life	1	
Replacement Year	29-30	
Remaining Life	11	

Asset ID	1066

Golf Course Components
Placed in Service	June 2026	
Useful Life	1	
Replacement Year	25-26	
Remaining Life	7	

Asset ID	1063
Golf Course Components

1 Lump Sum	@ $250,000.00 Asset Cost		$250,000.00
Percent Replacement		100% Future Cost	$346,058.47

Sand Bunker Rebuild Allowance (Over 4 years) - 2025

1 Lump Sum	@ $35,000.00 Asset Cost		$35,000.00
Percent Replacement	100%
Future Cost	$43,045.59

Wood Bridge Stringers Decking & Rails - Cart Paths - 2023

9,816 Square Feet		@ $32.00 Asset Cost	$314,112.00
Percent Replacement		100% Future Cost	$364,141.90

Placed in Service	June 2006	
Useful Life	20	
Adjustment	-2	
Replacement Year	23-24	
Remaining Life	5	

Wood Bridge Stringers Decking & Rails - Cart Paths continued...

Golf Course Components - Total Current Cost	$599,112

Irrigation Control System & Software - 2021

Asset ID	1077
Irrigation System
Placed in Service	June 2006
Useful Life	20
Adjustment	-4
Replacement Year	21-22
Remaining Life	3

1 Lump Sum	@ $100,000.00 Asset Cost		$100,000.00
Percent Replacement		100% Future Cost	$109,272.70

Irrigation Pump/Motor 1 - 2022

75 HP

@ $300.00

Asset ID	1074

Irrigation System
Placed in Service	June 2007
Useful Life	16
Replacement Year	22-23
Remaining Life	4

Asset Cost	$22,500.00
Percent Replacement	100%
Future Cost	$25,323.95

Irrigation Pump/Motor 2 - 2024

75 HP

@ $300.00

Asset ID	1075
Irrigation System
Placed in Service	June 2007
Useful Life	16
Adjustment	2
Replacement Year	24-25
Remaining Life	6

Asset Cost	$22,500.00
Percent Replacement	100%
Future Cost	$26,866.18

Irrigation Pump/Motor 2 continued...

Misc. Filters & Equipment - 2021

1 Lump Sum

@ $3,000.00

Asset ID	1073
Irrigation System
Placed in Service	June 2007
Useful Life	15
Replacement Year	21-22
Remaining Life	3

Asset Cost	$3,000.00
Percent Replacement	100%
Future Cost	$3,278.18

VFD - Irrigation Pumps - 2035

2 HP

@ $4,800.00

Asset ID	1076
Irrigation System
Placed in Service	June 2016
Useful Life	20
Replacement Year	35-36
Remaining Life	17

Asset Cost	$9,600.00
Percent Replacement	100%
Future Cost	$15,867.34

VFD - Irrigation Pumps continued...

Irrigation System - Total Current Cost	$157,600

Golf Ball Dispenser - 2036

1 Lump Sum

@ $7,000.00

Asset ID	1062
Golf Equipment
Placed in Service	June 2017
Useful Life	20
Replacement Year	36-37
Remaining Life	18

Asset Cost	$7,000.00
Percent Replacement	100%
Future Cost	$11,917.03

Golf Equipment - Total Current Cost	$7,000

Kabota Loader - 2025

1 Each	@ $30,000.00

Asset ID	1072

Maintenance Equipment
Placed in Service	June 2006	
Useful Life	20	
Replacement Year	25-26	
Remaining Life	7	

Kabota Tractor - 2025

3 Each	@ $25,000.00

Asset ID	1071

Maintenance Equipment

Asset Cost	$30,000.00
Percent Replacement	100%
Future Cost	$36,896.22

Asset Cost	$75,000.00
Percent Replacement	100%
Future Cost	$92,240.54

Placed in Service	June 2006	
Useful Life	20	
Replacement Year	25-26	
Remaining Life	7	

Misc. Tools & Equipment Allowance - 2018

Asset ID	1070
Maintenance Equipment

1 Lump Sum	@ $2,000.00 Asset Cost		$2,000.00
Percent Replacement	100%
Future Cost	$2,000.00

Placed in Service	June 2006	
Useful Life	1	
Replacement Year	18-19	
Remaining Life	0	

Maintenance Equipment - Total Current Cost	$107,000

Content of Reserve Study

Methodology

A Reserve Study is a two-part process that includes a physical analysis and a financial analysis which produces a custom made plan for funding future capital replacement. Having a good plan allows you to understand what is currently reserved for, what is not and how the current plan will perform for future years. Ability to adjust contributions early may prevent special assessments or loans to pay for component replacement.
Types of Reserve Studies

Full Reserve Study	Level I	This include a site visit	
Reserve Study Update	Level II	This includes a site visit	
Reserve Study Update	Level III	No site visit, financial review only	

Physical Analysis
During the physical analysis, a site visit is conducted to evaluate major components such as streets, roofs, pools, etc. and build an inventory of components, determine the condition of each and make a projection as to their remaining useful life. No destructive testing is conducted.
Component Selection
Community Associations Institute (CAI) has established standards for reserve studies and selection of components.
Component must be a commonly owned asset
Component must have a limited life
That Limited life must be predictable
Replacement cost must be above a minimum threshold cost
Some components do not meet that test but can be included with the proper analysis and full understanding of the client. In these cases allowance are generally used.
Useful life and remaining useful life sources
Site inspection by experienced inspector
Our database of information
Historical information furnished by the client
Local Consultants and Vendors
National publications such as Marshall & Swift, RS Means and others Replacement cost Established by
Our database & local cost from contractors and suppliers
Historical cost information furnished by the client

National publication such as Marshall & Swift, RS Means and others
Financial Analysis
The financial analysis assesses the Districts reserve balance, current contributions and interest income to determine their current reserve fund status. This provides a clear picture of their current financial capability to pay for future capital needs.
Adequate Funding
Having a lot of cash in reserves is always a good thing but it may not be enough to meet future replacement cost. The only way to know is by completing your reserve study. If using Cash Flow Funding, we set the level of funding for adequate funding. While 100% or Full Funding is best you may only fund to an adequate level and be ok.
70% to 100% Funding is considered Strong
30% to 70%	Funding is considered Adequate
0% to 30%	Funding is considered Weak
Contributions
We recommend following a custom funding plan we develop for you that includes:
Adequate cash balance
Even contributions so all owners pay their fair share over time
Minimum contributions necessary with acceptable increases
Funding Goals
We use several type of funding goals including Full Funding, Threshold Funding, Baseline and Statutory Funding. Here is how the Funding Goals work:
Full Funding - As we mention full is always the best if you can do it! Plans with Full Funding do not usually experience deferred maintenance or special assessments.
Threshold Funding – Balances are kept above a minimum “Threshold” level to adequate fund reserves. The goal here is to work towards full funding over time.
Baseline Funding - Reserves are maintained at a set level above zero. Statutory Funding – Balance set based on local statutes
Funding Methods
The Cash Flow Method develops a reserve-funding plan where contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund.
The Component Method develops a reserve-funding plan where the total contribution is based upon the sum of contributions for individual components. When interest and inflation are not included the results are considered the “Straight Line Method”.

Reserve Terms Dictionary

Accumulated Reserve Balance: The anticipated reserve balance on the first day of the fiscal year for which the report has been prepared.
Net Monthly Allocation: The sum of the monthly assessment and interest contribution figures.
Annual Assessment increase: The percentage rate at which the District will increase its assessment to reserves at the end of each year until the year in which the asset is replaced
Investment Yield: The average interest rate anticipated by the District based upon their current investment practices.
Budget year beginning/ending (fiscal): the budgetary year for which the report is prepared. For associations with fiscal years ending December 31, the monthly assessment figures indicated are for the 12-month period beginning 1/1/0X and ending 12/31/0X.
Monthly Assessment: The assessment for reserves required by the District each month.
Interest Contribution: The interest that should be earned on the reserves, net of taxes, based upon their beginning reserve balance and monthly assessments for one year. This figure is averaged for budgeting purposes.
Threshold Funding Model: This analysis calculates the minimum reserve assessments, with the restriction that the reserve balance is not allowed to go below $0 or another predetermined threshold, during the period examined. All funds for planned reserve expenditures will be available on the first day of each fiscal year. The Threshold Funding Model allows the client to choose the level of conservative funding it desires by choosing the threshold dollar amount.
Current Assessment Funding Model: This analysis is based on the current annual assessment, parameters, and reserve fund balance. Because It is calculated using the current annual assessment, it will give an accurate projection of how well the association is funded for the next 30 years of planned reserve expenditures.
Component Funding Model: This funding model’s long-term objective is to provide a plan to a fully funded reserve position over the longest period practical. This is the most conservative funding model.
Fixed Accumulated Reserves: An optional figure which, if used, will override all calculations and set the assessment at this amount.
Percentage of Replacement: In some cases, an asset may not be replaced in its entirety or the cost may be shared with a second party. Examples are budgeting for a percentage of replacement of streets over a period or sharing the expense to replace a common wall.
Placed in Service Date: The month and year that the asset was placed in service. This may be the construction date, the first escrow closure date in a given phase, or the date of the last servicing or replacement.
Future Replacement Cost: The estimated cost to repair or replace the asset at the end of its estimated useful life based upon the current replacement cost and inflation.

Taxes on Yield: The estimated percentage of interest income which will be set aside for taxes.
Replacement Year: The year that the asset is scheduled to be replaced. The appropriate funds will be available by the first day of the fiscal year for which replacement is anticipated.
Estimated Remaining Life: This calculation is completed internally based upon the report's fiscal year date and the date the asset was placed in service.
Adjustment to Useful Life: Once the useful life is determined, it may be adjusted +/- by this separate figure for the current cycle of replacement. This will allow for a current period adjustment without affecting the estimate replacement cycles for future replacements.
Estimated Useful Life: The estimated useful life of an asset based upon industry standards, manufacturer specification, visual inspection, location, usage, association standards and prior history. All these factors are taken into consideration when tailoring the estimated useful life to the asset. For example, the carpeting in a hallway or elevator (a heavy traffic area) will not have the same life as the identical carpeting in a seldom used meeting room or office.
Salvage Value: This term defined estimates the salvage value of the asset at the time of replacement, if applicable.
One Time Replacement: Notation if the asset is to be replaced on a one-time basis. Current Replacement Cost: The estimated replacement cost effects as of the beginning of the fiscal year for which the report is being prepared.

General Assumptions
Our site visit is a limited inspection of the District owned assets that we observe while onsite. We assume that all information about these components has been furnished and upon your review of the report you will notify us of any discrepancy you find in the inventory. We will then make necessary adjustments to the inventory and funding plan.
Your property contains components that have different useful service life and some that have an unpredictable useful life. We provide information about both types and include them in our report either as information or as a component that is funded. Many times, the components with unpredictable useful life are funded with an allowance for both replacement cost and useful life.
Long life components such as storm water drainage systems, utility lines, electrical panels and various other components are not typically included in our analysis. We assume that you will notify us if any of these types of components should be included due to some construction defect or damage.
We may separate your component inventory into four groups:
Reserve Components that are funded
Components funded by the Operational Budget
Individual unit owner funded components
Component not included in our analysis
Building components such as foundations, slabs, wall and roof framing are not included.
Replacement of entire structures such as guardhouses are not included unless noted.
Exterior wall surfaces such as brick or wood siding replacement is not included.
Water and sewer lines in buildings are not included unless noted.
Windows and doors are not included unless noted.

Terms of Service
This document has been provided pursuant to an agreement containing restrictions on its use. No part of this document may be copied or distributed, in any form or by any means, nor disclosed to third parties without the expressed written permission of Community Advisors, LLC.
This reserve analysis study and the parameters under which it has been completed are based upon information provided to us in part by representatives of the Management Company, Community Development District and its contractors, assorted vendors, specialist and independent contractors, the Community Association’s Institute, and various construction pricing and scheduling manuals including, but not limited to: Marshall & Swift Valuation Service, RS Means Building Construction Cost Data and from numerous vendor catalogues, actual quotations or historical costs, and our own experience in the field of property management and reserve study preparation.
If we update your current reserve study completed by others we assume all the District owned components are included and the quantities are accurate.
No liability is assumed as the result of changing market prices or inaccurate estimates or projections of remaining useful life of components. 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 ADA 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.
Community Advisors, LLC will not be required to participate in any legal action conducted on a property for whatever reason and shall also not be required to give testimony in depositions or in court. In all cases the liability of any action taken against Community Advisors, LLC and its Principals, Employees, contractors and Vendors shall be limited to the consulting fee agreed upon to produce this report.
This reserve study reflects the information provided by this client and assembled for their use and not for the purposes of performing an audit, quality or forensic analyses, or background checks of historical records. This information should not be used to estimate construction projects or relied upon for replacement cost until current vendor pricing has been obtained.
We assume all components have been maintained properly unless noted in this report and our remaining useful life projections assume they will be maintained per normal operating standards
Replacement cost does not include any Engineering or Architectural fees unless noted in the study. Beginning fund balances are unaudited and provided by the District Manager.
Unless noted in the report we assume the funding goal of the District is to reserve adequate funds for future capital replacements if they are pooling their reserves and fully funding reserves if they are using the Component Method of funding.
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. In some cases, estimates may have been used on assets, which have an

indeterminable but potential liability to the Community Development District. The decision for the inclusion of these as well as all assets considered is left to the client.
Use of this report is acceptance by the Client of the above Information and Conditions.
We recommend regular updates to this study to account for changes in interest and inflation rates and replacement cost.
Community Advisors and the analyst who prepared this study 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 has been obtained and that we are working in the best interest of our client. We do not identify components for replacement to obtain construction management work.

Community Advisors

Community Advisors home office is in Jacksonville, Florida providing property inspection services, capital reserve planning and construction oversight for communities throughout the Southern and Mid-Atlantic States.

Our clients experience quick response, personal service, competitive pricing and receive a custom-made plan for their future capital replacements. We like to sit down and discuss your concerns prior to our site analysis so we can better understand your community or property and make sure we have included everything you expect.

Then we conduct a comprehensive site visit 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.

Once we have completed our site visit we conduct the Financial Analysis where we look at your current reserve fund balance, annual contributions and your goal for maintaining adequate reserves. Then we build a custom made financial plan to make sure you have adequate funding for the future and keep contributions as reasonable and moderate as possible.
Our valued clients include:

High-rise Condominium Association
Homeowner Associations
Churches
Time Share Developments
Active Adult Communities
Private Schools
Business Parks
Resort Communities
Community Development Districts
Municipal Utility Plants
Marinas
Historic Buildings & Museums

Reserve Analyst & Inspectors Credentials
Charles R. Sheppard RS PRA CCI
Charlie Sheppard is the owner and President of Community Advisors which provides capital reserve analysis, consulting services, commercial inspections and project management for community associations, private clubs, churches, schools and other entities.
He has over 30 years of experience in real estate development, property operation, commercial property inspections and construction management. He has participated on the development team for large planned unit developments and mid-rise office building parks. He has also worked for many years as commercial construction manager for a wide range of structures including medical facilities, office buildings, churches, restaurants, clubhouses, infrastructure installation and remodeling and repositioning of properties to match market conditions.
Areas of expertise include mechanical and electrical systems, energy management systems, life safety systems, plumbing systems, building envelope and roof components. Horizontal improvement experience include marine structures, street and site concrete construction, utilities, site work and landscaping improvements.
Inspection projects include: High rise office and residential buildings, restaurants, industrial properties, churches, private schools, private clubs, marinas, medical facilities, warehouse and industrial properties, water treatment facilities and residential properties.
Education
Virginia Polytechnic Institute & State University – BS
License
Certified General Contractor - Florida Certified Home Inspector - Florida
Professional Designations & Memberships Certified Construction Inspector, (CCI) Professional Reserve Analyst, (PRA)
Reserve Specialist, (RS)
Member – Association of Construction Inspectors
Member - Association of Professional Reserve Analyst – APRA Business Partner - Community Associations Institute – CAI