Reserve Study Update

South Village CDD Golf Components Orange Park, Florida
Prepared for FY 2024 Report Date: April 30, 2024

April 30, 2024

Ms. Marilee Giles, District Manager Governmental Management Services 475 West Town Place, Suite 114
St. Augustine Florida 32092
Re: Reserve Study Report for South Village CDD Golf Components Dear Ms. Giles:
Community Advisors is pleased to provide this Reserve Study report for the above referenced District. A site visit was conducted to determine the condition of your major components and provide an opinion of their remaining useful life.
We have developed a plan to fund future capital component replacements which is dependent on adequate funding, component maintenance, usage, weather and other factors. Component replacement cost is determined using local vendors and industry standard publications. This Reserve Study was prepared under the guidelines of the National Reserve Study Standards which is administrated by 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 QUALIFIED CONSULTANTS.

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary	1-1
Funding Model Projection - Recommended Funding Plan	1-3
Recommended Funding Plan Chart	1-4
CURRENT FUNDING PLAN
Funding Model Projection - Current Funding Plan	2-1
Current Funding Plan Projection	2-2
CASH FLOW
Income & Expense Spreadsheet	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
Asset Current Cost by Category	4-14
COMPONENT INVENTORY
Component Inventory	5-1
Component Detail Index	5-5
Component Detail	5-9
DISCLOSURERS & INFORMATION
Report Navigation	6-1
Methodology & Information	6-2
Terms of Service	6-3
Definitions	6-4

Executive Summary

Account Information

Account Name	South Village CDD Golf	ComponentsAccount Number	2019-A	
City	Orange Park	Last Site Visit	April, 10 2024	
State	Florida	Report Date	April, 30 2024	
In Service Date	June, 15 2007	Report Version	1	
Total Units	1500	Fiscal Year Start	October, 1 2024	
Study Level	Level II Update	Fiscal year End	September, 30 2025	
Reserve Fund Information		
Current Component Replacement Cost	$2,489,653	
Number of Components	105	
Reserve Fund Beginning Balance	$170,000	
Billing Term	Annually	
Component Funding (Straight Line)		
Recommended First Year Reserve Fund Contribution	$269,820	
Interest Rate on Reserve Deposits	0%	
Inflation Rate on Replacement Cost	0%	
Pooled Cash (Current Funding Plan)		
Current Year Reserve Fund Contribution	$162,349	
Interest Rate on Reserve Deposits	3.5%	
Inflation Rate on Replacement Cost	3.5%	
Annual Contribution Increases	1.0%	
Pooled Cash (Recommended Funding Plan)		
Recommended First Year Reserve Fund Contribution	$178,812	
Interest Rate on Reserve Deposits	3.5%	
Inflation Rate on Replacement Cost	3.5%	
Annual Contribution Increases	1.0%	
Comment		
Current funding plan contribution determined by allocating 40% of the FY 2023/2024 reserve contribution plus $50,000 from golf initiations.
New components added: Window/door allowance, railings, folding partition at clubhouse, wood retaining wall, pumphouse door.
Current funding plan results in low balance in FY 2036/2037 that is may not be adequate for the District.
Recommended funding plan maintains adequate funding for the period of this analysis.
This analysis should be updated annualy with a site visit every 2 years to monitor component condition and update interest and inflation rates.

South Village CDD Golf Components
Funding Model Projection - Recommended Funding Plan

Beginning Balance: $612,000
Projected
Current		Annual	 Annual		Annual		Ending Year	Cost	Contribution	Interest	Expenditures	Reserves

24-25	2,489,653	178,812	24,686	85,500	729,998	
25-26	2,576,791	180,601	31,668	5,796	936,471	
26-27	2,666,979	182,407	38,711	12,855	1,144,734	
27-28	2,760,323	184,231	37,133	268,035	1,098,062	
28-29	2,856,935	186,073	42,973	56,343	1,270,764	
29-30	2,956,927	187,934	47,371	105,229	1,400,840	
30-31	3,060,420	189,813	44,112	330,301	1,304,465	
31-32	3,167,534	191,711	44,890	213,616	1,327,450	
32-33	3,278,398	193,628	52,892	9,876	1,564,094	
33-34	3,393,142	195,565	59,149	69,692	1,749,116	
34-35	3,511,902	197,520	17,803	1,437,964	526,475	
35-36	3,634,819	199,495	18,373	201,023	543,320	
36-37	3,762,037	201,490	17,061	257,341	504,531	
37-38	3,893,708	203,505	20,906	110,728	618,214	
38-39	4,029,988	205,540	28,718	3,237	849,235	
39-40	4,171,038	207,596	36,344	18,429	1,074,746	
40-41	4,317,024	209,672	34,710	292,697	1,026,431	
41-42	4,468,120	211,768	37,992	152,727	1,123,464	
42-43	4,624,504	213,886	46,450	10,216	1,373,583	
43-44	4,786,362	216,025	46,418	263,383	1,372,644	
44-45	4,953,885	218,185	54,600	30,842	1,614,587	
45-46	5,127,270	220,367	63,560	18,947	1,879,567	
46-47	5,306,725	222,571	68,427	147,074	2,023,491	
47-48	5,492,460	224,796	64,749	398,319	1,914,717	
48-49	5,684,696	227,044	70,231	135,173	2,076,819	
49-50	5,883,661	229,315	73,684	200,876	2,178,942	
50-51	6,089,589	231,608	70,244	403,583	2,077,210	
51-52	6,302,725	233,924	74,200	191,143	2,194,191	
52-53	6,523,320	236,263	72,862	348,672	2,154,645	
53-54	6,751,636	238,626	80,385	96,543	2,377,113	

South Village CDD Golf Components Funding Model Projection - Current Funding Plan

Beginning Balance: $612,000
Projected
Current		Annual	 Annual		Annual		Ending Year	Cost	Contribution	Interest	Expenditures	Reserves

24-25	2,489,653	162,349	24,110	85,500	712,959	
25-26	2,576,791	163,972	30,490	5,796	901,625	
26-27	2,666,979	165,612	36,903	12,855	1,091,286	
27-28	2,760,323	167,268	34,668	268,035	1,025,187	
28-29	2,856,935	168,941	39,822	56,343	1,177,607	
29-30	2,956,927	170,630	43,505	105,229	1,286,514	
30-31	3,060,420	172,337	39,499	330,301	1,168,049	
31-32	3,167,534	174,060	39,497	213,616	1,167,991	
32-33	3,278,398	175,801	46,687	9,876	1,380,602	
33-34	3,393,142	177,559	52,096	69,692	1,540,566	
34-35	3,511,902	179,334	9,868	1,437,964	291,803	
35-36	3,634,819	181,128	9,517	201,023	281,425	
36-37	3,762,037	182,939	7,246	257,341	214,268	
37-38	3,893,708	184,768	10,091	110,728	298,399	
38-39	4,029,988	186,616	16,862	3,237	498,640	
39-40	4,171,038	188,482	23,404	18,429	692,098	
40-41	4,317,024	190,367	20,642	292,697	610,410	
41-42	4,468,120	192,271	22,748	152,727	672,702	
42-43	4,624,504	194,193	29,984	10,216	886,663	
43-44	4,786,362	196,135	28,680	263,383	848,095	
44-45	4,953,885	198,097	35,537	30,842	1,050,887	
45-46	5,127,270	200,078	43,121	18,947	1,275,139	
46-47	5,306,725	202,078	46,555	147,074	1,376,698	
47-48	5,492,460	204,099	41,387	398,319	1,223,864	
48-49	5,684,696	206,140	45,319	135,173	1,340,150	
49-50	5,883,661	208,202	47,162	200,876	1,394,638	
50-51	6,089,589	210,284	42,047	403,583	1,243,385	
51-52	6,302,725	212,386	44,262	191,143	1,308,890	
52-53	6,523,320	214,510	41,116	348,672	1,215,844	
53-54	6,751,636	216,655	46,758	96,543	1,382,715	

This chart illustrates how the CDD's current funding plan will perform over time.

	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	
Beginning Balance	612,000	729,998	936,471	1,144,734	1,098,062	1,270,764	1,400,840	1,304,465	1,327,450	1,564,094	
Annual Assessment	178,812	180,601	182,407	184,231	186,073	187,934	189,813	191,711	193,628	195,565	
Interest Earned	24,686	31,668	38,711	37,133	42,973	47,371	44,112	44,890	52,892	59,149	
Expenditures	85,500	5,796	12,855	268,035	56,343	105,229	330,301	213,616	9,876	69,692	
Ending Balance	729,998	936,471	1,144,734	1,098,062	1,270,764	1,400,840	1,304,465	1,327,450	1,564,094	1,749,116	

Description
Misc. Site Components											
Aluminum Flag Pole											
Asphalt Resurfacing - Drive/Parking Lot				120,465							
Curb Allowance at Paving				4,878							
Louvered Gates - Service Area											
Metal Gates - Dumpster Enclosure		3,726									
Wood Retaining Wall - Driving Range/Tree											
Wood Retaining Wall - Maintenance Driveway											
Misc. Site Components Total:		3,726		125,343							
Stormwater System											
Wood Bulkhead - Golf Club							100,799				
Wood Bulkhead - Hole 6				67,854							
Stormwater System Total:				67,854			100,799				
Misc. Building Components											
Aluminium Railings - Clubhouse Deck											
Aluminium Railings - Clubhouse at Lake											
Locker Room Refurbishment Allowance							67,609				
Restroom Refurbish Allowance - Clulbhouse							9,834				
Restroom Refurbish Allowance - Golf Course						9,501					
Misc. Building Components Total:						9,501	77,443				
Windows & Doors											
Exterior Door Allowance - Clubhouse											
Overhead Door - Pump House							1,475				
Overhead Doors - Cart Barn								8,143			
Overhead Doors - Storage Building							7,867				

Description

24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34

Windows & Doors continued...		
Overhead Doors- Maintenance Shop
Window Allowance - Clubhouse					11,801			
Windows & Doors Total:					21,143	8,143		
Roofing								
Asphalt Shingles - Cluhouse					87,031			
Asphalt Shingles - Golf Course Restrooms					32,452			
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse		
50,447	10,557					
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn								
Metal Roof Panels - Maintenance Shop								
Roofing Total:		50,447	10,557		119,484			
Flooring								
Quarry Tile - Kitchen
Vinyl Tile - Foyer/Corridor/Dining/Office								
Flooring Total:								
Exteriot Painting/Waterproofing								
Painting - Cart Barn Walls
Painting - Clubhouse Trim			
9,180				9,377	
Painting - Golf Course Restrooms
Painting - Maintenance Shop Walls				4,276			
11,135	
Painting - Storage Building Walls							5,567	
Exteriot Painting/Waterproofing Total:			9,180	4,276			26,079	
Mechanical Electrical Plumbing								
Fire Alarm Panel
Unit 1 - Pro Shop	
4,800				4,671			
Unit 2- Corridor/Offices			12,852					
Unit 3 - Bar			14,688					
Unit 3 - Common Area	6,400							

Description

24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34

Mechanical Electrical Plumbing continued...		
Unit 3A - Common Area	6,400						
Unit 4 - Dining	6,400						
Unit 5 - Dining	6,400						
Unit 6 - Kitchen	11,200						
Mechanical Electrical Plumbing Total:	41,600		27,541	4,671			
Furniture Fixtures & Equipment							
AV Equipment Allowance
Folding Partition - Dining Room	4,000					5,267	
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn		22,174		
4,302			
Furniture Fixtures & Equipment Total:	4,000	22,174		4,302		5,267	
Exterior Lighting							
Exterior Light Fixture Allowance - Clubhouse
Light Poles - Parking Lot							
Exterior Lighting Total:							
Kitchen Equipment							
Charbroiler
Disposer - Dishwashing Station	
2,200				6,107		
Disposer - Prep Sink	1,800						
Griddle	2,000						
Ice Machine
Kegerator	
2,400				12,341		
Refrigerator
Sandwich Prep Refrigerated	
4,000						
Sandwich Prep Refrigerated					5,089		
Kitchen Equipment Total:	12,400				23,537		
Bar Components & Equipment							
Bar Back Refrigerator
Glass Door Refrigerator			
4,131		7,634		

Description

24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34

Bar Components & Equipment continued...		
Glass Froster
Wine Refrigerator					2,639				
1,975		
Wood Bar & Stone Top - Bar											
Bar Components & Equipment Total:					6,770			7,634	1,975		
Golf Course Components											
Greens Restoration Allowance
Sand Bunker Rebuild Allowance								
171,758			
Wood Bridge Decking - Cart Paths											
Golf Course Components Total:								171,758			
Irrigation System											
Irrigation Control System & Software
Irrigation Pump/Motor 1											
Irrigation Pump/Motor 2	22,500										
Misc. Filters & Equipment	3,000										
VFD - Irrigation Pumps											
Irrigation System Total:	25,500										
Golf Equipment											
Golf Ball Dispenser			10,712								
Golf Equipment Total:			10,712								
Maintenance Equipment											
Kabota Loader
Kabota Tractor						
89,076				40,887	
Misc. Tools & Equipment Allowance	2,000	2,070	2,142	2,217	2,295	2,375	2,459	2,545	2,634	2,726	
Maintenance Equipment Total:	2,000	2,070	2,142	2,217	2,295	91,452	2,459	2,545	2,634	43,613	
Operating Expense											
Balustrade System Repair
Brick Column Repair - Bag Drop	Unfunded
Unfunded										
Brick Paver Repair - Covered Porches
Camera System	Unfunded
Unfunded										

24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34
Description

Carpet - Offices/Pro Shop Ceiling Fans

Unfunded Unfunded

Operating Expense continued...
Cupola Repair - Clubhouse Roof	Unfunded

Gutter & Downspouts - Clubhouse Interior Painting

Unfunded Unfunded

Exhaust Fans	Unfunded
Painting - Dumpster Enclosure	Unfunded

Water Heater - Propane	Unfunded

Water Cooler - Restrooms	Unfunded
Long Life Components

Brick Walks
Building Foundation/Frames

Unfunded Unfunded

Building Siding/Trim	Unfunded
Cart Paths	Unfunded

Electrical/Communication Cable & Devices HVAC Ductwork

Unfunded Unfunded

Kitchen Fire Protection System	Unfunded
Metal Wall Panels - Maintenance/Cart Barn	Unfunded

Sidewalks
Utility Lines to Buildings

Unfunded Unfunded

Water/Sewer/Vent Piping	Unfunded
Wiring for Light Poles	Unfunded

CDD Amenity Components Cluster Mailboxes

Unfunded Unfunded

Components Maintained by Others
Electrical Lines to Transformers	Unfunded

Water/Sewer Connection to Utility	Unfunded

Water/Electrical Meters	Unfunded

Year Total:	85,500	5,796	12,855	268,035	56,343	105,229	330,301	213,616	9,876	69,692

	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Beginning Balance	1,749,116	526,475	543,320	504,531	618,214	849,235	1,074,746	1,026,431	1,123,464	1,373,583	
Annual Assessment	197,520	199,495	201,490	203,505	205,540	207,596	209,672	211,768	213,886	216,025	
Interest Earned	17,803	18,373	17,061	20,906	28,718	36,344	34,710	37,992	46,450	46,418	
Expenditures	1,437,964	201,023	257,341	110,728	3,237	18,429	292,697	152,727	10,216	263,383	
Ending Balance	526,475	543,320	504,531	618,214	849,235	1,074,746	1,026,431	1,123,464	1,373,583	1,372,644	

Description
Misc. Site Components											
Aluminum Flag Pole		4,380									
Asphalt Resurfacing - Drive/Parking Lot											
Curb Allowance at Paving											
Louvered Gates - Service Area							5,549				
Metal Gates - Dumpster Enclosure											
Wood Retaining Wall - Driving Range/Tree							24,137				
Wood Retaining Wall - Maintenance Driveway							24,969				
Misc. Site Components Total:		4,380					54,655				
Stormwater System											
Wood Bulkhead - Golf Club											
Wood Bulkhead - Hole 6											
Stormwater System Total:											
Misc. Building Components											
Aluminium Railings - Clubhouse Deck		19,987									
Aluminium Railings - Clubhouse at Lake											
Locker Room Refurbishment Allowance											
Restroom Refurbish Allowance - Clulbhouse											
Restroom Refurbish Allowance - Golf Course											
Misc. Building Components Total:		19,987									
Windows & Doors											
Exterior Door Allowance - Clubhouse			30,221								
Overhead Door - Pump House											
Overhead Doors - Cart Barn											
Overhead Doors - Storage Building											

Description

34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44

Windows & Doors continued...		
Overhead Doors- Maintenance Shop
Window Allowance - Clubhouse						
Windows & Doors Total:			30,221			
Roofing						
Asphalt Shingles - Cluhouse
Asphalt Shingles - Golf Course Restrooms						
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse						
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn		3,504			
58,331	
Metal Roof Panels - Maintenance Shop					78,446	
Roofing Total:		3,504			136,777	
Flooring						
Quarry Tile - Kitchen
Vinyl Tile - Foyer/Corridor/Dining/Office	15,799			
48,170		
Flooring Total:	15,799			48,170		
Exteriot Painting/Waterproofing						
Painting - Cart Barn Walls
Painting - Clubhouse Trim			
12,089			
Painting - Golf Course Restrooms
Painting - Maintenance Shop Walls				5,630		
Painting - Storage Building Walls						
Exteriot Painting/Waterproofing Total:			12,089	5,630		
Mechanical Electrical Plumbing						
Fire Alarm Panel
Unit 1 - Pro Shop			
7,253			
Unit 2- Corridor/Offices					19,421	
Unit 3 - Bar					22,195	
Unit 3 - Common Area			9,671			

34-35
Description	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	
Mechanical Electrical Plumbing continued...									
Unit 3A - Common Area			9,671						
Unit 4 - Dining			9,671						
Unit 5 - Dining			9,671						
Unit 6 - Kitchen			16,924						
Mechanical Electrical Plumbing Total:			62,860			41,616			
Furniture Fixtures & Equipment									
AV Equipment Allowance
Folding Partition - Dining Room		
10,220				6,936			
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn				31,279				
6,501	
Furniture Fixtures & Equipment Total:		10,220		31,279		6,936		6,501	
Exterior Lighting									
Exterior Light Fixture Allowance - Clubhouse							3,589		
Light Poles - Parking Lot							128,140		
Exterior Lighting Total:							131,729		
Kitchen Equipment									
Charbroiler
Disposer - Dishwashing Station	
3,103								
Disposer - Prep Sink
Griddle	2,539				
3,351				
Ice Machine
Kegerator			
3,627				17,408		
Refrigerator
Sandwich Prep Refrigerated	3,103				
6,701				
Sandwich Prep Refrigerated									
Kitchen Equipment Total:	8,746		3,627		10,052		17,408		
Bar Components & Equipment									
Bar Back Refrigerator
Glass Door Refrigerator						
6,242			

Description

34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44

Bar Components & Equipment continued...											
Glass Froster
Wine Refrigerator							3,988				
Wood Bar & Stone Top - Bar				22,521							
Bar Components & Equipment Total:				22,521			10,231				
Golf Course Components											
Greens Restoration Allowance
Sand Bunker Rebuild Allowance	1,410,599									
259,538	
Wood Bridge Decking - Cart Paths			96,412								
Golf Course Components Total:	1,410,599		96,412							259,538	
Irrigation System											
Irrigation Control System & Software
Irrigation Pump/Motor 1		145,997	
33,999								
Irrigation Pump/Motor 2
Misc. Filters & Equipment						
5,026	39,015				
VFD - Irrigation Pumps		14,016									
Irrigation System Total:		160,013	33,999			5,026	39,015				
Golf Equipment											
Golf Ball Dispenser			15,111								
Golf Equipment Total:			15,111								
Maintenance Equipment											
Kabota Loader
Kabota Tractor											
Misc. Tools & Equipment Allowance	2,821	2,920	3,022	3,128	3,237	3,351	3,468	3,589	3,715	3,845	
Maintenance Equipment Total:	2,821	2,920	3,022	3,128	3,237	3,351	3,468	3,589	3,715	3,845	
Operating Expense											
Balustrade System Repair
Brick Column Repair - Bag Drop	Unfunded
Unfunded										
Brick Paver Repair - Covered Porches
Camera System	Unfunded
Unfunded										

34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44
Description

Carpet - Offices/Pro Shop Ceiling Fans

Unfunded Unfunded

Operating Expense continued...
Cupola Repair - Clubhouse Roof	Unfunded

Gutter & Downspouts - Clubhouse Interior Painting

Unfunded Unfunded

Exhaust Fans	Unfunded
Painting - Dumpster Enclosure	Unfunded

Water Heater - Propane	Unfunded

Water Cooler - Restrooms	Unfunded
Long Life Components

Brick Walks
Building Foundation/Frames

Unfunded Unfunded

Building Siding/Trim	Unfunded
Cart Paths	Unfunded

Electrical/Communication Cable & Devices HVAC Ductwork

Unfunded Unfunded

Kitchen Fire Protection System	Unfunded
Metal Wall Panels - Maintenance/Cart Barn	Unfunded

Sidewalks
Utility Lines to Buildings

Unfunded Unfunded

Water/Sewer/Vent Piping	Unfunded
Wiring for Light Poles	Unfunded

CDD Amenity Components Cluster Mailboxes

Unfunded Unfunded

Components Maintained by Others
Electrical Lines to Transformers	Unfunded

Water/Sewer Connection to Utility	Unfunded

Water/Electrical Meters	Unfunded

Year Total:	1,437,964	201,023	257,341	110,728	3,237	18,429	292,697	152,727	10,216	263,383

	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	
Beginning Balance	1,372,644	1,614,587	1,879,567	2,023,491	1,914,717	2,076,819	2,178,942	2,077,210	2,194,191	2,154,645	
Annual Assessment	218,185	220,367	222,571	224,796	227,044	229,315	231,608	233,924	236,263	238,626	
Interest Earned	54,600	63,560	68,427	64,749	70,231	73,684	70,244	74,200	72,862	80,385	
Expenditures	30,842	18,947	147,074	398,319	135,173	200,876	403,583	191,143	348,672	96,543	
Ending Balance	1,614,587	1,879,567	2,023,491	1,914,717	2,076,819	2,178,942	2,077,210	2,194,191	2,154,645	2,377,113	

Description
Misc. Site Components											
Aluminum Flag Pole											
Asphalt Resurfacing - Drive/Parking Lot				239,700							
Curb Allowance at Paving				9,707							
Louvered Gates - Service Area											
Metal Gates - Dumpster Enclosure		7,414									
Wood Retaining Wall - Driving Range/Tree											
Wood Retaining Wall - Maintenance Driveway											
Misc. Site Components Total:		7,414		249,407							
Stormwater System											
Wood Bulkhead - Golf Club											
Wood Bulkhead - Hole 6									160,355		
Stormwater System Total:									160,355		
Misc. Building Components											
Aluminium Railings - Clubhouse Deck											
Aluminium Railings - Clubhouse at Lake									24,818		
Locker Room Refurbishment Allowance							134,528				
Restroom Refurbish Allowance - Clulbhouse							19,568				
Restroom Refurbish Allowance - Golf Course						18,906					
Misc. Building Components Total:						18,906	154,095		24,818		
Windows & Doors											
Exterior Door Allowance - Clubhouse											
Overhead Door - Pump House											
Overhead Doors - Cart Barn											
Overhead Doors - Storage Building											

Description

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54

Windows & Doors continued...		
Overhead Doors- Maintenance Shop
Window Allowance - Clubhouse			
85,260					
Windows & Doors Total:			85,260					
Roofing								
Asphalt Shingles - Cluhouse
Asphalt Shingles - Golf Course Restrooms								
Asphalt Shingles - Storage Building
Membrane Roof - Clubhouse				
100,378	21,007			
Metal Roof - Bag Drop
Metal Roof Panels - Cart Barn								
Metal Roof Panels - Maintenance Shop								
Roofing Total:				100,378	21,007			
Flooring								
Quarry Tile - Kitchen
Vinyl Tile - Foyer/Corridor/Dining/Office								
Flooring Total:								
Exteriot Painting/Waterproofing								
Painting - Cart Barn Walls
Painting - Clubhouse Trim	
15,918					
20,961		
Painting - Golf Course Restrooms
Painting - Maintenance Shop Walls		7,414					9,763	
Painting - Storage Building Walls								
Exteriot Painting/Waterproofing Total:	15,918	7,414				20,961	9,763	
Mechanical Electrical Plumbing								
Fire Alarm Panel
Unit 1 - Pro Shop					
10,960			
Unit 2- Corridor/Offices						29,346		
Unit 3 - Bar						33,538		
Unit 3 - Common Area					14,613			

44-45
Description	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	
Mechanical Electrical Plumbing continued...							
Unit 3A - Common Area				14,613			
Unit 4 - Dining				14,613			
Unit 5 - Dining				14,613			
Unit 6 - Kitchen				25,573			
Mechanical Electrical Plumbing Total:				94,986		62,884	
Furniture Fixtures & Equipment							
AV Equipment Allowance
Folding Partition - Dining Room				9,133			
Furniture Allowance - Dining Rooms & Deck
Ice Machine - Cart Barn			44,122				
Furniture Fixtures & Equipment Total:			44,122	9,133			
Exterior Lighting							
Exterior Light Fixture Allowance - Clubhouse
Light Poles - Parking Lot							
Exterior Lighting Total:							
Kitchen Equipment							
Charbroiler
Disposer - Dishwashing Station	
4,378	10,231					
Disposer - Prep Sink
Griddle	3,582						
Ice Machine
Kegerator				
5,480	24,556		
Refrigerator
Sandwich Prep Refrigerated		4,689					
Sandwich Prep Refrigerated		8,526					
Kitchen Equipment Total:	7,959	23,447		5,480	24,556		
Bar Components & Equipment							
Bar Back Refrigerator
Glass Door Refrigerator		12,789				
9,433	

Description

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54

Bar Components & Equipment continued...											
Glass Froster
Wine Refrigerator	
2,985								6,026		
Wood Bar & Stone Top - Bar											
Bar Components & Equipment Total:	2,985		12,789						15,459		
Golf Course Components											
Greens Restoration Allowance
Sand Bunker Rebuild Allowance											
Wood Bridge Decking - Cart Paths								161,524			
Golf Course Components Total:								161,524			
Irrigation System											
Irrigation Control System & Software
Irrigation Pump/Motor 1							244,596		
58,954		
Irrigation Pump/Motor 2
Misc. Filters & Equipment											
VFD - Irrigation Pumps											
Irrigation System Total:							244,596		58,954		
Golf Equipment											
Golf Ball Dispenser			21,315								
Golf Equipment Total:			21,315								
Maintenance Equipment											
Kabota Loader
Kabota Tractor						
177,243				81,356	
Misc. Tools & Equipment Allowance	3,980	4,119	4,263	4,412	4,567	4,726	4,892	5,063	5,240	5,424	
Maintenance Equipment Total:	3,980	4,119	4,263	4,412	4,567	181,970	4,892	5,063	5,240	86,780	
Operating Expense											
Balustrade System Repair
Brick Column Repair - Bag Drop	Unfunded
Unfunded										
Brick Paver Repair - Covered Porches
Camera System	Unfunded
Unfunded										

44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54
Description

Carpet - Offices/Pro Shop Ceiling Fans

Unfunded Unfunded

Operating Expense continued...
Cupola Repair - Clubhouse Roof	Unfunded

Gutter & Downspouts - Clubhouse Interior Painting

Unfunded Unfunded

Exhaust Fans	Unfunded
Painting - Dumpster Enclosure	Unfunded

Water Heater - Propane	Unfunded

Water Cooler - Restrooms	Unfunded
Long Life Components

Brick Walks
Building Foundation/Frames

Unfunded Unfunded

Building Siding/Trim	Unfunded
Cart Paths	Unfunded

Electrical/Communication Cable & Devices HVAC Ductwork

Unfunded Unfunded

Kitchen Fire Protection System	Unfunded
Metal Wall Panels - Maintenance/Cart Barn	Unfunded

Sidewalks
Utility Lines to Buildings

Unfunded Unfunded

Water/Sewer/Vent Piping	Unfunded
Wiring for Light Poles	Unfunded

CDD Amenity Components Cluster Mailboxes

Unfunded Unfunded

Components Maintained by Others
Electrical Lines to Transformers	Unfunded

Water/Sewer Connection to Utility	Unfunded

Water/Electrical Meters	Unfunded

Year Total:	30,842	18,947	147,074	398,319	135,173	200,876	403,583	191,143	348,672	96,543

Description	Expenditures	
Replacement Year 24-25		
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 5 - Dining	6,400	
Unit 6 - Kitchen	11,200	
Mechanical Electrical Plumbing - Total:	41,600	
Furniture Fixtures & Equipment
AV Equipment Allowance	4,000
Kitchen Equipment
Disposer - Dishwashing Station	2,200	
Disposer - Prep Sink	1,800	
Griddle	2,000	
Kegerator	2,400	
Sandwich Prep Refrigerated	 4,000	
Kitchen Equipment - Total:	12,400	
Irrigation System
Irrigation Pump/Motor 2	22,500	
Misc. Filters & Equipment	 3,000	
Irrigation System - Total:	25,500	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,000	
Total for 2024 - 2025	$85,500	
Replacement Year 25-26		
Misc. Site Components		
Metal Gates - Dumpster Enclosure	3,726	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	2,070	
Total for 2025 - 2026	$5,796	
Replacement Year 26-27		
Golf Equipment		
Golf Ball Dispenser	10,712	

Description	Expenditures	
Replacement Year 26-27 continued...		
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,142	
Total for 2026 - 2027	
$12,855	
Replacement Year 27-28		
Misc. Site Components
Asphalt Resurfacing - Drive/Parking Lot	
120,465	
Curb Allowance at Paving	  4,878	
Misc. Site Components - Total:	125,343	
Stormwater System
Wood Bulkhead - Hole 6	67,854
Roofing
Membrane Roof - Clubhouse	50,447	
Furniture Fixtures & Equipment		
Furniture Allowance - Dining Rooms & Deck	22,174	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,217	
Total for 2027 - 2028	$268,035	
Replacement Year 28-29		
Roofing		
Asphalt Shingles - Storage Building	10,557	
Exteriot Painting/Waterproofing		
Painting - Clubhouse Trim	9,180	
Mechanical Electrical Plumbing		
Unit 2- Corridor/Offices	12,852	
Unit 3 - Bar	14,688	
Mechanical Electrical Plumbing - Total:	27,541	
Bar Components & Equipment
Glass Door Refrigerator	
4,131	
Glass Froster	2,639	
Bar Components & Equipment - Total:	6,770	

Description	Expenditures	
Replacement Year 28-29 continued...		
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,295	
Total for 2028 - 2029	
$56,343	
Replacement Year 29-30		
Misc. Building Components
Restroom Refurbish Allowance - Golf Course	
9,501	
Exteriot Painting/Waterproofing
Painting - Golf Course Restrooms	4,276
Maintenance Equipment
Kabota Tractor	89,076	
Misc. Tools & Equipment Allowance	 2,375	
Maintenance Equipment - Total:	91,452	
Total for 2029 - 2030	$105,229	
Replacement Year 30-31		
Stormwater System		
Wood Bulkhead - Golf Club	100,799	
Misc. Building Components
Locker Room Refurbishment Allowance	
67,609	
Restroom Refurbish Allowance - Clulbhouse	 9,834	
Misc. Building Components - Total:	77,443	
Windows & Doors
Overhead Door - Pump House	1,475
Overhead Doors - Storage Building	7,867
Overhead Doors- Maintenance Shop	11,801
Windows & Doors - Total:	21,143
Roofing
Asphalt Shingles - Cluhouse	87,031	
Asphalt Shingles - Golf Course Restrooms	 32,452	
Roofing - Total:	119,484	
Mechanical Electrical Plumbing
Fire Alarm Panel	
4,671	

Description	Expenditures

Replacement Year 30-31 continued...
Furniture Fixtures & Equipment
Ice Machine - Cart Barn	4,302

Maintenance Equipment
Misc. Tools & Equipment Allowance	2,459	
Total for 2030 - 2031	$330,301	
Replacement Year 31-32		
Windows & Doors		
Overhead Doors - Cart Barn	8,143	
Kitchen Equipment
Charbroiler	
6,107	
Ice Machine	12,341	
Sandwich Prep Refrigerated	 5,089	
Kitchen Equipment - Total:	23,537	
Bar Components & Equipment
Bar Back Refrigerator	7,634
Golf Course Components
Sand Bunker Rebuild Allowance	171,758
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,545	
Total for 2031 - 2032	$213,616	
Replacement Year 32-33		
Furniture Fixtures & Equipment
AV Equipment Allowance	
5,267	
Bar Components & Equipment
Wine Refrigerator	
1,975	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
2,634	
Total for 2032 - 2033	
$9,876	
Replacement Year 33-34		
Exteriot Painting/Waterproofing
Painting - Cart Barn Walls	
9,377	

Description	Expenditures	
Replacement Year 33-34 continued...		
Painting - Maintenance Shop Walls	11,135	
Painting - Storage Building Walls	 5,567	
Exteriot Painting/Waterproofing - Total:	26,079	
Maintenance Equipment		
Kabota Loader	40,887	
Misc. Tools & Equipment Allowance	 2,726	
Maintenance Equipment - Total:	43,613	
Total for 2033 - 2034	$69,692	
Replacement Year 34-35		
Flooring		
Quarry Tile - Kitchen	15,799	
Kitchen Equipment			
Disposer - Dishwashing Station	3,103	
Disposer - Prep Sink	2,539	
Refrigerator	3,103	
Kitchen Equipment - Total:	8,746	
Golf Course Components
Greens Restoration Allowance	1,410,599
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,821
Total for 2034 - 2035	$1,437,964

Replacement Year 35-36 Misc. Site Components
Aluminum Flag Pole	4,380
Misc. Building Components
Aluminium Railings - Clubhouse Deck	19,987
Roofing
Metal Roof - Bag Drop	3,504
Furniture Fixtures & Equipment
Folding Partition - Dining Room	10,220
Irrigation System
Irrigation Control System & Software	145,997

Description	Expenditures

Replacement Year 35-36 continued...
VFD - Irrigation Pumps	 14,016
Irrigation System - Total:	160,013
Maintenance Equipment
Misc. Tools & Equipment Allowance	2,920	
Total for 2035 - 2036	$201,023	
Replacement Year 36-37		
Windows & Doors
Exterior Door Allowance - Clubhouse	
30,221	
Exteriot Painting/Waterproofing
Painting - Clubhouse Trim	
12,089	
Mechanical Electrical Plumbing
Unit 1 - Pro Shop	
7,253	
Unit 3 - Common Area	9,671	
Unit 3A - Common Area	9,671	
Unit 4 - Dining	9,671	
Unit 5 - Dining	9,671	
Unit 6 - Kitchen	16,924	
Mechanical Electrical Plumbing - Total:	62,860	
Kitchen Equipment
Kegerator	3,627
Golf Course Components
Wood Bridge Decking - Cart Paths	96,412
Irrigation System
Irrigation Pump/Motor 1	33,999
Golf Equipment
Golf Ball Dispenser	15,111	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
3,022	
Total for 2036 - 2037	$257,341	
Replacement Year 37-38		
Flooring
Vinyl Tile - Foyer/Corridor/Dining/Office	
48,170	

Description	Expenditures

Replacement Year 37-38 continued...
Exteriot Painting/Waterproofing
Painting - Golf Course Restrooms	5,630

Furniture Fixtures & Equipment		
Furniture Allowance - Dining Rooms & Deck	31,279	
Bar Components & Equipment		
Wood Bar & Stone Top - Bar	22,521	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
3,128	
Total for 2037 - 2038	$110,728	
Replacement Year 38-39		
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,237	
Total for 2038 - 2039	
$3,237	
Replacement Year 39-40		
Kitchen Equipment		
Griddle	3,351	
Sandwich Prep Refrigerated	 6,701	
Kitchen Equipment - Total:	10,052	
Irrigation System
Misc. Filters & Equipment	5,026
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,351	
Total for 2039 - 2040	$18,429	
Replacement Year 40-41		
Misc. Site Components
Louvered Gates - Service Area	
5,549	
Wood Retaining Wall - Driving Range/Tree	24,137	
Wood Retaining Wall - Maintenance Driveway	24,969	
Misc. Site Components - Total:	54,655	
Roofing
Metal Roof Panels - Cart Barn	58,331

Description	Expenditures	
Replacement Year 40-41 continued...		
Metal Roof Panels - Maintenance Shop	 78,446	
Roofing - Total:	136,777	
Mechanical Electrical Plumbing		
Unit 2- Corridor/Offices	19,421	
Unit 3 - Bar	22,195	
Mechanical Electrical Plumbing - Total:	41,616	
Furniture Fixtures & Equipment
AV Equipment Allowance	
6,936	
Bar Components & Equipment		
Glass Door Refrigerator	6,242	
Glass Froster	 3,988	
Bar Components & Equipment - Total:	10,231	
Irrigation System
Irrigation Pump/Motor 2	39,015
Maintenance Equipment
Misc. Tools & Equipment Allowance	3,468	
Total for 2040 - 2041	$292,697	
Replacement Year 41-42		
Exterior Lighting		
Exterior Light Fixture Allowance - Clubhouse	3,589	
Light Poles - Parking Lot	128,140	
Exterior Lighting - Total:	131,729	
Kitchen Equipment		
Ice Machine	17,408	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
3,589	
Total for 2041 - 2042	$152,727	
Replacement Year 42-43		
Furniture Fixtures & Equipment		
Ice Machine - Cart Barn	6,501	

Description	Expenditures	
Replacement Year 42-43 continued...		
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,715	
Total for 2042 - 2043	
$10,216	
Replacement Year 43-44		
Golf Course Components		
Sand Bunker Rebuild Allowance	259,538	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,845	
Total for 2043 - 2044	$263,383	
Replacement Year 44-45		
Exteriot Painting/Waterproofing		
Painting - Clubhouse Trim	15,918	
Kitchen Equipment			
Disposer - Dishwashing Station	4,378	
Disposer - Prep Sink	3,582	
Kitchen Equipment - Total:	7,959	
Bar Components & Equipment			
Wine Refrigerator	2,985	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	3,980	
Total for 2044 - 2045	$30,842	
Replacement Year 45-46		
Misc. Site Components		
Metal Gates - Dumpster Enclosure	7,414	
Exteriot Painting/Waterproofing				
Painting - Golf Course Restrooms	7,414
Maintenance Equipment
Misc. Tools & Equipment Allowance	4,119
Total for 2045 - 2046	$18,947

Description	Expenditures

Replacement Year 46-47 Windows & Doors
Window Allowance - Clubhouse	85,260
Kitchen Equipment
Charbroiler	10,231	
Refrigerator	4,689	
Sandwich Prep Refrigerated	 8,526	
Kitchen Equipment - Total:	23,447	
Bar Components & Equipment
Bar Back Refrigerator	12,789
Golf Equipment
Golf Ball Dispenser	21,315	
Maintenance Equipment		
Misc. Tools & Equipment Allowance	4,263	
Total for 2046 - 2047	$147,074	
Replacement Year 47-48		
Misc. Site Components		
Asphalt Resurfacing - Drive/Parking Lot	239,700	
Curb Allowance at Paving	  9,707	
Misc. Site Components - Total:	249,407	
Roofing
Membrane Roof - Clubhouse	
100,378	
Furniture Fixtures & Equipment		
Furniture Allowance - Dining Rooms & Deck	44,122	
Maintenance Equipment
Misc. Tools & Equipment Allowance	
4,412	
Total for 2047 - 2048	$398,319	
Replacement Year 48-49		
Roofing		
Asphalt Shingles - Storage Building	21,007	
Mechanical Electrical Plumbing		
Unit 1 - Pro Shop	10,960

Description	Expenditures	
Replacement Year 48-49 continued...
Unit 3 - Common Area	
14,613	
Unit 3A - Common Area	14,613	
Unit 4 - Dining	14,613	
Unit 5 - Dining	14,613	
Unit 6 - Kitchen	25,573	
Mechanical Electrical Plumbing - Total:	94,986	
Furniture Fixtures & Equipment
AV Equipment Allowance	9,133
Kitchen Equipment
Kegerator	5,480
Maintenance Equipment
Misc. Tools & Equipment Allowance	4,567	
Total for 2048 - 2049	$135,173	
Replacement Year 49-50		
Misc. Building Components		
Restroom Refurbish Allowance - Golf Course	18,906	
Maintenance Equipment
Kabota Tractor	
177,243	
Misc. Tools & Equipment Allowance	  4,726	
Maintenance Equipment - Total:	181,970	
Total for 2049 - 2050	$200,876	
Replacement Year 50-51		
Misc. Building Components		
Locker Room Refurbishment Allowance	134,528	
Restroom Refurbish Allowance - Clulbhouse	 19,568	
Misc. Building Components - Total:	154,095	
Irrigation System
Irrigation Control System & Software	244,596
Maintenance Equipment
Misc. Tools & Equipment Allowance	4,892
Total for 2050 - 2051	$403,583

Description	Expenditures

Replacement Year 51-52 Kitchen Equipment
Ice Machine	24,556
Golf Course Components
Wood Bridge Decking - Cart Paths	161,524

Maintenance Equipment
Misc. Tools & Equipment Allowance	5,063	
Total for 2051 - 2052	$191,143	
Replacement Year 52-53		
Stormwater System		
Wood Bulkhead - Hole 6	160,355	
Misc. Building Components
Aluminium Railings - Clubhouse at Lake	
24,818	
Exteriot Painting/Waterproofing		
Painting - Clubhouse Trim	20,961	
Mechanical Electrical Plumbing		
Unit 2- Corridor/Offices	29,346	
Unit 3 - Bar	33,538	
Mechanical Electrical Plumbing - Total:	62,884	
Bar Components & Equipment
Glass Door Refrigerator	
9,433	
Glass Froster	 6,026	
Bar Components & Equipment - Total:	15,459	
Irrigation System
Irrigation Pump/Motor 1	58,954
Maintenance Equipment
Misc. Tools & Equipment Allowance	5,240	
Total for 2052 - 2053	$348,672	
Replacement Year 53-54		
Exteriot Painting/Waterproofing
Painting - Golf Course Restrooms	
9,763	

Description	Expenditures	
Replacement Year 53-54 continued...		
Maintenance Equipment
Kabota Loader	
81,356	
Misc. Tools & Equipment Allowance	5,424	
Total for 2053 - 2054	
$96,543	

Description		
Misc. Site Components
Aluminum Flag Pole	
2006	
35-36	
30	
0	
11	
1 Each	
3,000.00	
3,000	
Asphalt Resurfacing - Drive/Parking Lot	2006	27-28	20	2	3	6,317 Square Yards	17.20	108,652	
Curb Allowance at Paving	2006	27-28	20	2	3	100 Linear Feet	44.00	4,400	
Louvered Gates - Service Area	2006	40-41	35	0	16	2 Each	1,600.00	3,200	
Metal Gates - Dumpster Enclosure	2006	25-26	20	0	1	3 Each	1,200.00	3,600	
Wood Retaining Wall - Driving Range/Tree	2006	40-41	35	0	16	116 Linear Feet	120.00	13,920	
Wood Retaining Wall - Maintenance Drive..	2006	40-41	35	0	16	120 Linear Feet	120.00	  14,400	
Misc. Site Components - Total								$151,172	
Stormwater System
Wood Bulkhead - Golf Club	
2006	
30-31	
25	
0	
6	
410 Linear Feet	
200.00	
82,000	
Wood Bulkhead - Hole 6	2006	27-28	25	-3	3	306 Linear Feet	200.00	  61,200	
Stormwater System - Total								$143,200	
Misc. Building Components
Aluminium Railings - Clubhouse Deck	
2006	
35-36	
30	
0	
11	
185 Linear Feet	
74.00	
13,690	
Aluminium Railings - Clubhouse at Lake	2023	52-53	30	0	28	128 Linear Feet	74.00	9,472	
Locker Room Refurbishment Allowance	2006	30-31	20	5	6	1 Lump Sum	55,000.00	55,000	
Restroom Refurbish Allowance - Clulbhouse	2006	30-31	20	5	6	1 Lump Sum	8,000.00	8,000	
Restroom Refurbish Allowance - Golf Course	2006	29-30	20	4	5	2 Each	4,000.00	  8,000	
Misc. Building Components - Total								$94,162	
Windows & Doors
Exterior Door Allowance - Clubhouse	
2007	
36-37	
30	
0	
12	
1 Lump Sum	
20,000.00	
20,000	
Overhead Door - Pump House	2006	30-31	25	0	6	1 Each	1,200.00	1,200	
Overhead Doors - Cart Barn	2007	31-32	25	0	7	2 Each	3,200.00	6,400	
Overhead Doors - Storage Building	2006	30-31	25	0	6	2 Each	3,200.00	6,400	
Overhead Doors- Maintenance Shop	2006	30-31	25	0	6	3 Each	3,200.00	9,600	
Window Allowance - Clubhouse	2007	46-47	40	0	22	1 Lump Sum	40,000.00	 40,000	
Windows & Doors - Total								$83,600	
Roofing
Asphalt Shingles - Cluhouse	
2006	
30-31	
25	
0	
6	
118 Squares	
600.00	
70,800	
Asphalt Shingles - Golf Course Restrooms	2006	30-31	25	0	6	44 Squares	600.00	26,400	
Asphalt Shingles - Storage Building	2006	28-29	20	3	4	20 Squares	460.00	9,200	
Membrane Roof - Clubhouse	2006	27-28	20	2	3	3,250 Square Feet	14.00	45,500	
Metal Roof - Bag Drop	2006	35-36	30	0	11	1 Lump Sum	2,400.00	2,400	
Metal Roof Panels - Cart Barn	2006	40-41	35	0	16	5,800 Square Feet	5.80	33,640	
Metal Roof Panels - Maintenance Shop	2006	40-41	35	0	16	7,800 Square Feet	5.80	  45,240	
Roofing - Total								$233,180	
Flooring
Quarry Tile - Kitchen	
2000	
34-35	
35	
0	
10	
800 Square Feet	
14.00	
11,200	
Vinyl Tile - Foyer/Corridor/Dining/Office	2018	37-38	20	0	13	2,200 Square Feet	14.00	 30,800	
Flooring - Total								$42,000	

Description									
Exteriot Painting/Waterproofing
Painting - Cart Barn Walls	
2006	
33-34	
25	
3	
9	
3,200 Square Feet	
2.15	
6,880	
Painting - Clubhouse Trim	2021	28-29	8	0	4	1 Lump Sum	8,000.00	8,000	
Painting - Golf Course Restrooms	2022	29-30	8	0	5	2 Each	1,800.00	3,600	
Painting - Maintenance Shop Walls	2006	33-34	25	3	9	3,800 Square Feet	2.15	8,170	
Painting - Storage Building Walls	2006	33-34	25	3	9	1,900 Square Feet	2.15	  4,085	
Exteriot Painting/Waterproofing - Total								$30,735	
Mechanical Electrical Plumbing
Fire Alarm Panel	
2006	
30-31	
25	
0	
6	
1 Each	
3,800.00	
3,800	
Unit 1 - Pro Shop	2006	24-25	12	0	0	3 Ton	1,600.00	4,800	
Unit 2- Corridor/Offices	2017	28-29	12	0	4	7 Ton	1,600.00	11,200	
Unit 3 - Bar	2017	28-29	12	0	4	8 Ton	1,600.00	12,800	
Unit 3 - Common Area	2003	24-25	12	0	0	4 Ton	1,600.00	6,400	
Unit 3A - Common Area	2003	24-25	12	0	0	4 Ton	1,600.00	6,400	
Unit 4 - Dining	2006	24-25	12	0	0	4 Ton	1,600.00	6,400	
Unit 5 - Dining	2010	24-25	12	0	0	4 Ton	1,600.00	6,400	
Unit 6 - Kitchen	2006	24-25	12	0	0	7 Ton	1,600.00	 11,200	
Mechanical Electrical Plumbing - Total								$69,400	
Furniture Fixtures & Equipment
AV Equipment Allowance	
2017	
24-25	
8	
0	
0	
1 Lump Sum	
4,000.00	
4,000	
Folding Partition - Dining Room	2006	35-36	30	0	11	1 Each	7,000.00	7,000	
Furniture Allowance - Dining Rooms & Deck2018	27-28	10	0	3	1 Lump Sum	20,000.00	20,000	
Ice Machine - Cart Barn	2013	30-31	12	6	6	1 Lump Sum	3,500.00	  3,500	
Furniture Fixtures & Equipment - Total							$34,500	
Exterior Lighting
Exterior Light Fixture Allowance - Clubhou.. 2007	
41-42	
35	
0	
17	
1 Lump Sum	
2,000.00	
2,000	
Light Poles - Parking Lot	2007	41-42	35	0	17	21 Each	3,400.00	 71,400	
Exterior Lighting - Total							$73,400	
Kitchen Equipment
Charbroiler	
2017	
31-32	
15	
0	
7	
1 Each	
4,800.00	
4,800	
Disposer - Dishwashing Station	2006	24-25	10	0	0	1 Each	2,200.00	2,200	
Disposer - Prep Sink	2006	24-25	10	0	0	1 Each	1,800.00	1,800	
Griddle	2007	24-25	15	0	0	1 Each	2,000.00	2,000	
Ice Machine	2022	31-32	10	0	7	1 Each	9,700.00	9,700	
Kegerator	2007	24-25	12	0	0	1 Each	2,400.00	2,400	
Refrigerator	2023	34-35	12	0	10	1 Each	2,200.00	2,200	
Sandwich Prep Refrigerated	2006	24-25	15	0	0	1 Each	4,000.00	4,000	
Sandwich Prep Refrigerated	2017	31-32	15	0	7	1 Each	4,000.00	  4,000	
Kitchen Equipment - Total								$33,100	

Description									
Bar Components & Equipment
Bar Back Refrigerator	
2017	
31-32	
15	
0	
7	
1 Each	
6,000.00	
6,000	
Glass Door Refrigerator	2017	28-29	12	0	4	1 Each	3,600.00	3,600	
Glass Froster	2017	28-29	12	0	4	1 Each	2,300.00	2,300	
Wine Refrigerator	2021	32-33	12	0	8	1 Each	1,500.00	1,500	
Wood Bar & Stone Top - Bar	2018	37-38	20	0	13	18 Linear Feet	800.00	 14,400	
Bar Components & Equipment - Total								$27,800	
Golf Course Components
Greens Restoration Allowance	
2006	
34-35	
30	
-1	
10	
1 Lump Sum	
1,000,000.00	
1,000,000	
Sand Bunker Rebuild Allowance	2020	31-32	12	0	7	1 Lump Sum	135,000.00	135,000	
Wood Bridge Decking - Cart Paths	2022	36-37	15	0	12	9,816 Square Feet	6.50		63,804	
Golf Course Components - Total								$1,198,804	
Irrigation System
Irrigation Control System & Software	
2021	
35-36	
15	
0	
11	
1 Lump Sum	
100,000.00	
100,000	
Irrigation Pump/Motor 1	2021	36-37	16	0	12	75 HP	300.00	22,500	
Irrigation Pump/Motor 2	2007	24-25	16	2	0	75 HP	300.00	22,500	
Misc. Filters & Equipment	2007	24-25	15	0	0	1 Lump Sum	3,000.00	3,000	
VFD - Irrigation Pumps	2016	35-36	20	0	11	2 HP	4,800.00		9,600	
Irrigation System - Total								$157,600	
Golf Equipment
Golf Ball Dispenser	
2017	
26-27	
10	
0	
2	
1 Lump Sum	
10,000.00	
 10,000	
Golf Equipment - Total								$10,000	
Maintenance Equipment
Kabota Loader	
2006	
33-34	
20	
8	
9	
1 Each	
30,000.00	
30,000	
Kabota Tractor	2006	29-30	20	4	5	3 Each	25,000.00	75,000	
Misc. Tools & Equipment Allowance	2006	24-25	1	0	0	1 Lump Sum	2,000.00		2,000	
Maintenance Equipment - Total								$107,000	
Operating Expense
Balustrade System Repair	Unfunded
Brick Column Repair - Bag Drop	Unfunded
Brick Paver Repair - Covered Porches	Unfunded
Camera System	Unfunded
Carpet - Offices/Pro Shop	Unfunded
Ceiling Fans	Unfunded
Cupola Repair - Clubhouse Roof	Unfunded
Exhaust Fans	Unfunded
Gutter & Downspouts - Clubhouse	Unfunded
Interior Painting	Unfunded
Painting - Dumpster Enclosure	Unfunded
Water Cooler - Restrooms	Unfunded

Description
Operating Expense continued...
Water Heater - Propane	Unfunded
Operating Expense - Total

Long Life Components
Brick Walks	Unfunded
Building Foundation/Frames	Unfunded
Building Siding/Trim	Unfunded
Cart Paths	Unfunded
Electrical/Communication Cable & Devices	Unfunded
HVAC Ductwork	Unfunded
Kitchen Fire Protection System	Unfunded Metal Wall Panels - Maintenance/Cart Barn	Unfunded Sidewalks	Unfunded
Utility Lines to Buildings	Unfunded
Water/Sewer/Vent Piping	Unfunded
Wiring for Light Poles	Unfunded
Long Life Components - Total

Components Maintained by Others
CDD Amenity Components	Unfunded
Cluster Mailboxes	Unfunded
Electrical Lines to Transformers	Unfunded
Water/Electrical Meters	Unfunded
Water/Sewer Connection to Utility	Unfunded
Components Maintained by Others - Total

Total Asset Summary	$2,489,653

Asset ID Description	Replacement	Page

Misc. Site Components	
1037	Aluminum Flag Pole	35-36	5-9	
1005	Asphalt Resurfacing - Drive/Parking Lot	27-28	5-9	
1002	Curb Allowance at Paving	27-28	5-10	
1004	Louvered Gates - Service Area	40-41	5-10	
1002	Metal Gates - Dumpster Enclosure	25-26	5-10	
1001	Wood Retaining Wall - Driving Range/Tree	40-41	5-11	
1001	Wood Retaining Wall - Maintenance Driveway	40-41	5-11	

Stormwater System	
1068	Wood Bulkhead - Golf Club	30-31	5-12	
1069	Wood Bulkhead - Hole 6	27-28	5-12	

Misc. Building Components	
1053	Aluminium Railings - Clubhouse Deck	35-36	5-13	
1053	Aluminium Railings - Clubhouse at Lake	52-53	5-13	
1049	Locker Room Refurbishment Allowance	30-31	5-14	
1050	Restroom Refurbish Allowance - Clulbhouse	30-31	5-14	
1051	Restroom Refurbish Allowance - Golf Course	29-30	5-15	

Windows & Doors	
	Exterior Door Allowance - Clubhouse	36-37	5-16	
1080	Overhead Door - Pump House	30-31	5-16	
1078	Overhead Doors - Cart Barn	31-32	5-16	
1079	Overhead Doors - Storage Building	30-31	5-17	
1081	Overhead Doors- Maintenance Shop	30-31	5-18	
	Window Allowance - Clubhouse	46-47	5-18	
Roofing				
1012	Asphalt Shingles - Cluhouse	30-31	5-19	
1007	Asphalt Shingles - Golf Course Restrooms	30-31	5-19	
1014	Asphalt Shingles - Storage Building	28-29	5-20	
1010	Membrane Roof - Clubhouse	27-28	5-20	
1011	Metal Roof - Bag Drop	35-36	5-21	
1009	Metal Roof Panels - Cart Barn	40-41	5-21	
1013	Metal Roof Panels - Maintenance Shop	40-41	5-22	

Flooring
1041	

Quarry Tile - Kitchen	

34-35	

5-23	

Asset ID	Description	Replacement	Page	
Flooring	Continued...			
1043	Vinyl Tile - Foyer/Corridor/Dining/Office	37-38	5-23	

Exteriot Painting/Waterproofing	
1044	Painting - Cart Barn Walls	33-34	5-24	
1046	Painting - Clubhouse Trim	28-29	5-24	
1047	Painting - Golf Course Restrooms	29-30	5-25	
1045	Painting - Maintenance Shop Walls	33-34	5-25	
1048	Painting - Storage Building Walls	33-34	5-26	

Mechanical Electrical Plumbing	
1018	Fire Alarm Panel	30-31	5-27	
1022	Unit 1 - Pro Shop	24-25	5-27	
1017	Unit 2- Corridor/Offices	28-29	5-27	
1021	Unit 3 - Bar	28-29	5-28	
1020	Unit 3 - Common Area	24-25	5-28	
1015	Unit 3A - Common Area	24-25	5-28	
1023	Unit 4 - Dining	24-25	5-28	
1024	Unit 5 - Dining	24-25	5-29	
1016	Unit 6 - Kitchen	24-25	5-29	

Furniture Fixtures & Equipment	
1038	AV Equipment Allowance	24-25	5-30	
1036	Folding Partition - Dining Room	35-36	5-30	
1035	Furniture Allowance - Dining Rooms & Deck	27-28	5-30	
1039	Ice Machine - Cart Barn	30-31	5-31	

Exterior Lighting	
Exterior Light Fixture Allowance - Clubhouse	41-42	5-32	
Light Poles - Parking Lot	41-42	5-32	

Kitchen Equipment	
1027	Charbroiler	31-32	5-33	
1032	Disposer - Dishwashing Station	24-25	5-33	
1031	Disposer - Prep Sink	24-25	5-33	
1028	Griddle	24-25	5-33	
1033	Ice Machine	31-32	5-34	
1030	Kegerator	24-25	5-34	

Asset ID Description	Replacement	Page

Kitchen Equipment Continued...	
1025	Refrigerator	34-35	5-34	
1026	Sandwich Prep Refrigerated	24-25	5-34	
1029	Sandwich Prep Refrigerated	31-32	5-35	

Bar Components & Equipment	
1057	Bar Back Refrigerator	31-32	5-36	
1060	Glass Door Refrigerator	28-29	5-36	
1058	Glass Froster	28-29	5-36	
1061	Wine Refrigerator	32-33	5-36	
1056	Wood Bar & Stone Top - Bar	37-38	5-37	

Golf Course Components	
1064	Greens Restoration Allowance	34-35	5-38	
1066	Sand Bunker Rebuild Allowance	31-32	5-38	
1063	Wood Bridge Decking - Cart Paths	36-37	5-38	

Irrigation System	
1077	Irrigation Control System & Software	35-36	5-39	
1074	Irrigation Pump/Motor 1	36-37	5-39	
1075	Irrigation Pump/Motor 2	24-25	5-39	
1073	Misc. Filters & Equipment	24-25	5-39	
1076	VFD - Irrigation Pumps	35-36	5-40	

Golf Equipment	
1062	Golf Ball Dispenser	26-27	5-41	

Maintenance Equipment	
1072	Kabota Loader	33-34	5-42	
1071	Kabota Tractor	29-30	5-42	
1070	Misc. Tools & Equipment Allowance	24-25	5-42	

Operating Expense	
1055	Balustrade System Repair	24-25	5-43	
1006	Brick Column Repair - Bag Drop	24-25	5-43	
1052	Brick Paver Repair - Covered Porches	24-25	5-44	
1019	Camera System	24-25	5-44	
1042	Carpet - Offices/Pro Shop	24-25	5-44	

Asset ID Description	Replacement	Page

Operating Expense Continued...	
1019	Ceiling Fans	24-25	5-45	
1008	Cupola Repair - Clubhouse Roof	24-25	5-45	
1019	Exhaust Fans	24-25	5-45	
1054	Gutter & Downspouts - Clubhouse	24-25	5-45	
1019	Interior Painting	24-25	5-46	
1019	Painting - Dumpster Enclosure	24-25	5-46	
	Water Cooler - Restrooms	24-25	5-46	
1019	Water Heater - Propane	24-25	5-47	

Long Life Components	
1003	Brick Walks	24-25	5-48	
1013	Building Foundation/Frames	24-25	5-48	
	Building Siding/Trim	24-25	5-48	
	Cart Paths	24-25	5-49	
1013	Electrical/Communication Cable & Devices	24-25	5-49	
1013	HVAC Ductwork	24-25	5-49	
	Kitchen Fire Protection System	24-25	5-49	
1013	Metal Wall Panels - Maintenance/Cart Barn	24-25	5-50	
	Sidewalks	24-25	5-50	
1013	Utility Lines to Buildings	24-25	5-50	
1013	Water/Sewer/Vent Piping	24-25	5-51	
	Wiring for Light Poles	24-25	5-51	

Components Maintained by Others	
CDD Amenity Components	24-25	5-52	
Cluster Mailboxes	24-25	5-52	
Electrical Lines to Transformers	24-25	5-52	
Water/Electrical Meters	24-25	5-52	
Water/Sewer Connection to Utility	24-25	5-53	

Total Funded Assets	
75	
Total Unfunded Assets	 30	
Total Assets	105	

Aluminum Flag Pole - 2035

1 Each

@ $3,000.00

Asset ID	1037	Asset Actual Cost	$3,000.00
	Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$4,379.91	
Placed in Service	June 2006	
Useful Life	30	
Replacement Year	35-36	
Remaining Life	11	

Asphalt Resurfacing - Drive/Parking Lot - 2027

Asset ID	1005
Category Misc. Site Components Placed in Service	June 2006
Useful Life	20
Adjustment	2
Replacement Year	27-28
Remaining Life	3

6,317 Square Yards		@ $17.20 Asset Actual Cost	$108,652.40 Percent Replacement			100% Future Cost	$120,464.86

Curb Allowance at Paving - 2027

100 Linear Feet

@ $44.00

Asset ID	1002	Asset Actual Cost	$4,400.00
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$4,878.36	
Placed in Service	June 2006	
Useful Life	20	
Adjustment	2	
Replacement Year	27-28	
Remaining Life	3	

Louvered Gates - Service Area - 2040

2 Each

@ $1,600.00

Asset ID	1004	Asset Actual Cost	$3,200.00	
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$5,548.75	
Placed in Service	June 2006			
Useful Life	35			
Replacement Year	40-41			
Remaining Life	16			

Metal Gates - Dumpster Enclosure - 2025

	3 Each	@ $1,200.00	
Asset ID	1002	Asset Actual Cost	$3,600.00	
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$3,726.00	
Placed in Service	June 2006			
Useful Life	20			
Replacement Year	25-26			
Remaining Life	1			

Wood Retaining Wall - Driving Range/Tree - 2040

		116 Linear Feet	@ $120.00	
Asset ID	1001	Asset Actual Cost	$13,920.00	
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$24,137.08	
Placed in Service	June 2006			
Useful Life	35			
Replacement Year	40-41			
Remaining Life	16			

Wood Retaining Wall - Maintenance Driveway - 2040

	120 Linear Feet	@ $120.00	
Asset ID	1001	Asset Actual Cost	$14,400.00	
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$24,969.40	
Placed in Service	June 2006			
Useful Life	35			
Replacement Year	40-41			
Remaining Life	16			

Wood Bulkhead - Golf Club - 2030

	410 Linear Feet	@ $200.00	
Asset ID	1068	Asset Actual Cost	$82,000.00	
		Percent Replacement	100%	
Category	Stormwater System	Future Cost	$100,798.94	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	6			

Wood Bulkhead - Hole 6 - 2027

306 Linear Feet

@ $200.00

Asset ID	1069
Category	Stormwater System Placed in Service		June 2006
Useful Life	25
Adjustment	-3
Replacement Year	27-28
Remaining Life	3

Asset Actual Cost	$61,200.00
Percent Replacement	100%
Future Cost	$67,853.53

	185 Linear Feet	@ $74.00	
Asset ID	1053	Asset Actual Cost	$13,690.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$19,986.98	
Placed in Service	January 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	11			

Aluminium Railings - Clubhouse at Lake - 2052

	128 Linear Feet	@ $74.00	
Asset ID	1053	Asset Actual Cost	$9,472.00	
	Percent Replacement	100%	
CategMorisyc. Building Components	Future Cost	$24,818.27	
Placed in Service	January 2023		
Useful Life	30		
Replacement Year	52-53		
Remaining Life	28		

Locker Room Refurbishment Allowance - 2030

Asset ID	1049
CategMorisyc. Building Components Placed in Service	January 2006
Useful Life	20
Adjustment	5
Replacement Year	30-31
Remaining Life	6

1 Lump Sum	 @ $55,000.00 Asset Actual Cost	$55,000.00 Percent Replacement		100%
Future Cost	$67,609.04

Restroom Refurbish Allowance - Clulbhouse - 2030

	1 Lump Sum	@ $8,000.00	
Asset ID	1050	Asset Actual Cost	$8,000.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$9,834.04	
Placed in Service	June 2006			
Useful Life	20			
Adjustment	5			
Replacement Year	30-31			
Remaining Life	6			

Restroom Refurbish Allowance - Clulbhouse continued...

Restroom Refurbish Allowance - Golf Course - 2029

		2 Each	@ $4,000.00	
Asset ID	1051	Asset Actual Cost	$8,000.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$9,501.49	
Placed in Service	June 2006			
Useful Life	20			
Adjustment	4			
Replacement Year	29-30			
Remaining Life	5			

Exterior Door Allowance - Clubhouse - 2036

	1 Lump Sum	@ $20,000.00	
Asset ID		Asset Actual Cost	$20,000.00	
		Percent Replacement	100%	
Category	Windows & Doors	Future Cost	$30,221.37	
Placed in Service	June 2007			
Useful Life	30			
Replacement Year	36-37			
Remaining Life	12			

Asset ID	1080	Asset Actual Cost	$1,200.00	
		Percent Replacement	100%	
Category	Windows & Doors	Future Cost	$1,475.11	
Placed in Service	January 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	6			

Overhead Doors - Cart Barn - 2031

2 Each

@ $3,200.00

Overhead Door - Pump House - 2030

1 Each

@ $1,200.00

Asset ID	1078
Category	Windows & Doors Placed in Service		June 2007
Useful Life	25
Replacement Year	31-32
Remaining Life	7

Asset Actual Cost	$6,400.00
Percent Replacement	100%
Future Cost	$8,142.59

Overhead Doors - Cart Barn continued...

Overhead Doors - Storage Building - 2030

		2 Each	@ $3,200.00	
Asset ID	1079	Asset Actual Cost	$6,400.00	
		Percent Replacement	100%	
Category	Windows & Doors	Future Cost	$7,867.23	
Placed in Service	January 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	6			

Overhead Doors- Maintenance Shop - 2030

		3 Each	@ $3,200.00	
Asset ID	1081	Asset Actual Cost	$9,600.00	
		Percent Replacement	100%	
Category	Windows & Doors	Future Cost	$11,800.85	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	6			

Window Allowance - Clubhouse - 2046

	1 Lump Sum	@ $40,000.00	
Asset ID		Asset Actual Cost	$40,000.00	
		Percent Replacement	100%	
Category	Windows & Doors	Future Cost	$85,260.46	
Placed in Service	June 2007			
Useful Life	40			
Replacement Year	46-47			
Remaining Life	22			

Asphalt Shingles - Cluhouse - 2030

118 Squares

@ $600.00

Asset ID	1012
Category	Roofing
Placed in Service	January 2006
Useful Life	25
Replacement Year	30-31
Remaining Life	6

Asset Actual Cost	$70,800.00
Percent Replacement	100%
Future Cost	$87,031.28

Asphalt Shingles - Golf Course Restrooms - 2030

	44 Squares	@ $600.00	
Asset ID	1007	Asset Actual Cost	$26,400.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$32,452.34	
Placed in Service	June 2006			
Useful Life	25			
Replacement Year	30-31			
Remaining Life	6			

Asphalt Shingles - Storage Building - 2028

		20 Squares	@ $460.00	
Asset ID	1014	Asset Actual Cost	$9,200.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$10,557.21	
Placed in Service	June 2006			
Useful Life	20			
Adjustment	3			
Replacement Year	28-29			
Remaining Life	4			

Membrane Roof - Clubhouse - 2027

	3,250 Square Feet	@ $14.00	
Asset ID	1010	Asset Actual Cost	$45,500.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$50,446.66	
Placed in Service	June 2006			
Useful Life	20			
Adjustment	2			
Replacement Year	27-28			
Remaining Life	3			

Asset ID	1011	Asset Actual Cost	$2,400.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$3,503.93	
Placed in Service	June 2006			
Useful Life	30			
Replacement Year	35-36			
Remaining Life	11			

Metal Roof - Bag Drop - 2035

1 Lump Sum

@ $2,400.00

Metal Roof Panels - Cart Barn - 2040

	5,800 Square Feet	@ $5.80	
Asset ID	1009	Asset Actual Cost	$33,640.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$58,331.29	
Placed in Service	June 2006			
Useful Life	35			
Replacement Year	40-41			
Remaining Life	16			

Metal Roof Panels - Maintenance Shop - 2040

		7,800 Square Feet	@ $5.80	
Asset ID	1013	Asset Actual Cost	$45,240.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$78,445.53	
Placed in Service	June 2006			
Useful Life	35			
Replacement Year	40-41			
Remaining Life	16			

Quarry Tile - Kitchen - 2034

800 Square Feet

@ $14.00

Asset ID	1041
Category	Flooring
Placed in Service	January 2000
Useful Life	35
Replacement Year	34-35
Remaining Life	10

Asset Actual Cost	$11,200.00
Percent Replacement	100%
Future Cost	$15,798.71

Vinyl Tile - Foyer/Corridor/Dining/Office - 2037

	2,200 Square Feet	@ $14.00	
Asset ID	1043	Asset Actual Cost	$30,800.00	
	Percent Replacement	100%	
Category	Flooring	Future Cost	$48,169.85	
Placed in Service	March 2018		
Useful Life	20		
Replacement Year	37-38		
Remaining Life	13		

Painting - Cart Barn Walls - 2033

3,200 Square Feet

@ $2.15

Asset ID	1044

CEaxtteegroiortyPainting/Waterproofing
Placed in Service	June 2006	
Useful Life	25	
Adjustment	3	
Replacement Year	33-34	
Remaining Life	9	

Painting - Clubhouse Trim - 2028

1 Lump Sum

@ $8,000.00

Asset ID	1046

CEaxtteegroiortyPainting/Waterproofing

Asset Actual Cost	$6,880.00
Percent Replacement	100%
Future Cost	$9,376.73

Asset Actual Cost	$8,000.00
Percent Replacement	100%
Future Cost	$9,180.18

Placed in Service	June 2021	
Useful Life	8	
Replacement Year	28-29	
Remaining Life	4	

Painting - Golf Course Restrooms - 2029

2 Each

@ $1,800.00

Painting - Maintenance Shop Walls - 2033

Asset ID	1045
CEaxtteegroiortyPainting/Waterproofing

3,800 Square Feet	@ $2.15
Asset Actual Cost	$8,170.00
Percent Replacement	100%
Future Cost	$11,134.87

Placed in Service	June 2006	
Useful Life	25	
Adjustment	3	
Replacement Year	33-34	
Remaining Life	9	

Asset ID	1047	Asset Actual Cost	$3,600.00	
		Percent Replacement	100%	
CEaxtteegroiortyPainting/Waterproofing	Future Cost	$4,275.67 Placed in Service	June 2022	
Useful Life	8	
Replacement Year	29-30	
Remaining Life	5	

Painting - Storage Building Walls - 2033

Asset ID	1048
CEaxtteegroiortyPainting/Waterproofing

1,900 Square Feet	@ $2.15
Asset Actual Cost	$4,085.00
Percent Replacement	100%
Future Cost	$5,567.44

Placed in Service	June 2006	
Useful Life	25	
Adjustment	3	
Replacement Year	33-34	
Remaining Life	9	

Fire Alarm Panel - 2030
Asset ID	
1018	1 Each Asset Actual Cost	@ $3,800.00
$3,800.00	
		Percent Replacement	100%	
CMateecghoarnyical Electrical	Plumbing	Future Cost	$4,671.17	
Placed in Service	January 2006	
Useful Life	25	
Replacement Year	30-31	
Remaining Life	6	

Unit 1 - Pro Shop - 2024

3 Ton

@ $1,600.00

Asset ID	1022	Asset Actual Cost	$4,800.00
	Percent Replacement	100%	
CMateecghoarnyical Electrical	Plumbing	Future Cost	$4,800.00	
Placed in Service	January 2006	
Useful Life	12	
Replacement Year	24-25	
Remaining Life	0	

Unit 2- Corridor/Offices - 2028

7 Ton

@ $1,600.00

Asset ID	1017	Asset Actual Cost	$11,200.00
	Percent Replacement	100%	
CMateecghoarnyical Electrical	Plumbing	Future Cost	$12,852.26	
Placed in Service	January 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	4	

Unit 3 - Bar - 2028
Asset ID	1021
CMateecghoarnyical Electrical Plumbing Placed in Service	January 2017
Useful Life	12
Replacement Year	28-29
Remaining Life	4

8 Ton	@ $1,600.00
Asset Actual Cost	$12,800.00 Percent Replacement		100%
Future Cost	$14,688.29

Unit 3 - Common Area - 2024

4 Ton

@ $1,600.00

Asset ID	1020	Asset Actual Cost	$6,400.00
	Percent Replacement	100%	
CMateecghoarnyical Electrical	Plumbing	Future Cost	$6,400.00	
Placed in Service	January 2003	
Useful Life	12	
Replacement Year	24-25	
Remaining Life	0	

Unit 3A - Common Area - 2024

4 Ton

@ $1,600.00

Asset ID	1015
CMateecghoarnyical Electrical Plumbing
Placed in Service	January 2003	
Useful Life	12	
Replacement Year	24-25	
Remaining Life	0	

Unit 4 - Dining - 2024

4 Ton

@ $1,600.00

Asset ID	1023

CMateecghoarnyical Electrical Plumbing Placed in Service	January 2006
Useful Life	12
Replacement Year	24-25
Remaining Life	0

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

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

Unit 5 - Dining - 2024

4 Ton

@ $1,600.00

Asset ID	1024
CMateecghoarnyical Electrical Plumbing Placed in Service	January 2010
Useful Life	12
Replacement Year	24-25
Remaining Life	0

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

Unit 6 - Kitchen - 2024

7 Ton

@ $1,600.00

Asset ID	1016
CMateecghoarnyical Electrical Plumbing Placed in Service	January 2006
Useful Life	12
Replacement Year	24-25
Remaining Life	0

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

AV Equipment Allowance - 2024

1 Lump Sum

@ $4,000.00

Asset ID	1038
CFautrengioturyre Fixtures & Equipment

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

Placed in Service	June 2017	
Useful Life	8	
Replacement Year	24-25	
Remaining Life	0	

Folding Partition - Dining Room - 2035

1 Each

@ $7,000.00

Asset ID	1036	Asset Actual Cost	$7,000.00	
		Percent Replacement	100%	
CFautrengioturyre Fixtures &	Equipment	Future Cost	$10,219.79	
Placed in Service	January 2006	
Useful Life	30	
Replacement Year	35-36	
Remaining Life	11	

Furniture Allowance - Dining Rooms & Deck - 2027

Asset ID	1035	1 Lump Sum
Asset Actual Cost	@ $20,000.00
$20,000.00	
		Percent Replacement	100%	
CFautrengioturyre Fixtures &	Equipment	Future Cost	$22,174.36	
Placed in Service	January 2018	
Useful Life	10	
Replacement Year	27-28	
Remaining Life	3	

Ice Machine - Cart Barn - 2030

1 Lump Sum

@ $3,500.00

	Percent Replacement	100%	
CFautrengioturyre Fixtures &	Equipment	Future Cost	$4,302.39	
Placed in Service	January 2013	
Useful Life	12	
Adjustment	6	
Replacement Year	30-31	
Remaining Life	6	

Asset ID	1039	Asset Actual Cost	$3,500.00

Exterior Light Fixture Allowance - Clubhouse - 2041

	1 Lump Sum	@ $2,000.00	
Asset ID		Asset Actual Cost	$2,000.00	
		Percent Replacement	100%	
Category	Exterior Lighting	Future Cost	$3,589.35	
Placed in Service	June 2007			
Useful Life	35			
Replacement Year	41-42			
Remaining Life	17			

Light Poles - Parking Lot - 2041

21 Each

@ $3,400.00

Asset ID

Category	Exterior Lighting Placed in Service		June 2007
Useful Life	35
Replacement Year	41-42
Remaining Life	17

Asset Actual Cost	$71,400.00
Percent Replacement		100% Future Cost	$128,139.83

Disposer - Prep Sink - 2024

1 Each

@ $1,800.00

Asset ID	1032	Asset Actual Cost	$2,200.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$2,200.00	
Placed in Service	June 2006			
Useful Life	10			
Replacement Year	24-25			
Remaining Life	0			

Asset ID	1031

Category	Kitchen Equipment Placed in Service		June 2006
Useful Life	10
Replacement Year	24-25
Remaining Life	0

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

Disposer - Dishwashing Station - 2024

1 Each

@ $2,200.00

Charbroiler - 2031		1 Each	@ $4,800.00	
Asset ID	1027	Asset Actual Cost	$4,800.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$6,106.94	
Placed in Service	June 2017			
Useful Life	15			
Replacement Year	31-32			
Remaining Life	7			

Griddle - 2024		1 Each	@ $2,000.00	
Asset ID	1028	Asset Actual Cost	$2,000.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$2,000.00	
Placed in Service	June 2007			
Useful Life	15			
Replacement Year	24-25			
Remaining Life	0			

Ice Machine - 2031

1 Each

@ $9,700.00

Kegerator - 2024		1 Each	@ $2,400.00	
Asset ID	1030	Asset Actual Cost	$2,400.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$2,400.00	
Placed in Service	June 2007			
Useful Life	12			
Replacement Year	24-25			
Remaining Life	0			

Refrigerator - 2034		1 Each	@ $2,200.00	
Asset ID	1025	Asset Actual Cost	$2,200.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$3,103.32	
Placed in Service	June 2023			
Useful Life	12			
Replacement Year	34-35			
Remaining Life	10			

Sandwich Prep Refrigerated - 2024

1 Each

@ $4,000.00

Asset ID	1033	Asset Actual Cost	$9,700.00	
		Percent Replacement	100%	
Category	Kitchen Equipment	Future Cost	$12,341.11	
Placed in Service	January 2022			
Useful Life	10			
Replacement Year	31-32			
Remaining Life	7			

Asset ID	1026
Category	Kitchen Equipment Placed in Service		June 2006
Useful Life	15
Replacement Year	24-25
Remaining Life	0

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

Sandwich Prep Refrigerated - 2031

1 Each

@ $4,000.00

Asset ID	1029
Category	Kitchen Equipment Placed in Service		June 2017
Useful Life	15
Replacement Year	31-32
Remaining Life	7

Asset Actual Cost	$4,000.00
Percent Replacement	100%
Future Cost	$5,089.12

Bar Back Refrigerator - 2031

1 Each

@ $6,000.00

Asset ID	1057	Asset Actual Cost	$6,000.00
	Percent Replacement	100%	
CaBteagr oCroymponents &	Equipment	Future Cost	$7,633.68	
Placed in Service	June 2017	
Useful Life	15	
Replacement Year	31-32	
Remaining Life	7	

Glass Door Refrigerator - 2028

1 Each

@ $3,600.00

Asset ID	1060	Asset Actual Cost	$3,600.00
	Percent Replacement	100%	
CaBteagr oCroymponents &	Equipment	Future Cost	$4,131.08	
Placed in Service	June 2017	
Useful Life	12	
Replacement Year	28-29	
Remaining Life	4	

Glass Froster - 2028

1 Each

@ $2,300.00

Asset ID	1058
CaBteagr oCroymponents & Equipment Placed in Service	June 2017
Useful Life	12
Replacement Year	28-29
Remaining Life	4

Asset Actual Cost	$2,300.00
Percent Replacement	100%
Future Cost	$2,639.30

Wine Refrigerator - 2032

1 Each

@ $1,500.00

Asset ID	1061
CaBteagr oCroymponents & Equipment Placed in Service	June 2021
Useful Life	12
Replacement Year	32-33
Remaining Life	8

Asset Actual Cost	$1,500.00
Percent Replacement	100%
Future Cost	$1,975.21

Asset ID	1056	18 Linear Feet
Asset Actual Cost	@ $800.00
$14,400.00	
		Percent Replacement	100%	
CaBteagr oCroymponents &	Equipment	Future Cost	$22,520.97	
Placed in Service	January 2018	
Useful Life	20	
Replacement Year	37-38	
Remaining Life	13	

Greens Restoration Allowance - 2034

Asset ID	1064
CategorGyolf Course Components

1 Lump Sum@ $1,000,000.00 Asset Actual Cost	$1,000,000.00 Percent Replacement		100% Future Cost	$1,410,598.76

Placed in Service	June 2006	
Useful Life	30	
Adjustment	-1	
Replacement Year	34-35	
Remaining Life	10	

Sand Bunker Rebuild Allowance - 2031

	1 Lump Sum	@ $135,000.00	
Asset ID	1066	Asset Actual Cost	$135,000.00	
		Percent Replacement	100%	
CategorGyolf Course	Components	Future Cost	$171,757.70	
Placed in Service	June 2020			
Useful Life	12			
Replacement Year	31-32			
Remaining Life	7			

Wood Bridge Decking - Cart Paths - 2036

	9,816 Square Feet	@ $6.50	
Asset ID	1063	Asset Actual Cost	$63,804.00	
		Percent Replacement	100%	
CategorGyolf Course	Components	Future Cost	$96,412.22	
Placed in Service	June 2022			
Useful Life	15			
Replacement Year	36-37			
Remaining Life	12			

Irrigation Control System & Software - 2035

Asset ID	1077
Category	Irrigation System Placed in Service		June 2021
Useful Life	15
Replacement Year	35-36
Remaining Life	11

1 Lump Sum	 @ $100,000.00 Asset Actual Cost	$100,000.00 Percent Replacement		100% Future Cost	$145,996.97

Irrigation Pump/Motor 1 - 2036

75 HP

@ $300.00

Asset ID	1074
Category	Irrigation System Placed in Service		June 2021
Useful Life	16
Replacement Year	36-37
Remaining Life	12

Asset Actual Cost	$22,500.00 Percent Replacement		100%
Future Cost	$33,999.04

Irrigation Pump/Motor 2 - 2024

75 HP

@ $300.00

Asset ID	1075

Category	Irrigation System Placed in Service		June 2007
Useful Life	16
Adjustment	2
Replacement Year	24-25
Remaining Life	0

Asset Actual Cost	$22,500.00 Percent Replacement		100%
Future Cost	$22,500.00

Misc. Filters & Equipment - 2024

1 Lump Sum

@ $3,000.00

Asset ID	1073
Category	Irrigation System Placed in Service		June 2007
Useful Life	15
Replacement Year	24-25
Remaining Life	0

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

VFD - Irrigation Pumps - 2035

2 HP

@ $4,800.00

Asset ID	1076
Category	Irrigation System Placed in Service		June 2016
Useful Life	20
Replacement Year	35-36
Remaining Life	11

Asset Actual Cost	$9,600.00
Percent Replacement	100%
Future Cost	$14,015.71

Golf Ball Dispenser - 2026

1 Lump Sum	@ $10,000.00

Asset ID	1062
Category	Golf Equipment
Placed in Service	June 2017
Useful Life	10
Replacement Year	26-27
Remaining Life	2

Asset Actual Cost	$10,000.00
Percent Replacement	100%
Future Cost	$10,712.25

Kabota Loader - 2033

1 Each	@ $30,000.00

Asset ID	1072
CategoryMaintenance Equipment Placed in Service	June 2006
Useful Life	20
Adjustment	8
Replacement Year	33-34
Remaining Life	9

Asset Actual Cost	$30,000.00
Percent Replacement	100%
Future Cost	$40,886.92

Kabota Tractor - 2029

3 Each	@ $25,000.00

Asset ID	1071
CategoryMaintenance Equipment Placed in Service	June 2006
Useful Life	20
Adjustment	4
Replacement Year	29-30
Remaining Life	5

Asset Actual Cost	$75,000.00
Percent Replacement	100%
Future Cost	$89,076.47

Misc. Tools & Equipment Allowance - 2024

Asset ID	1070
CategoryMaintenance Equipment Placed in Service	June 2006
Useful Life	1
Replacement Year	24-25
Remaining Life	0

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

Balustrade System Repair

Asset ID	1055
Category	Operating Expense Placed in Service		January 2006

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Brick Column Repair - Bag Drop

Asset ID	1006
Category	Operating Expense Placed in Service		June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Brick Paver Repair - Covered Porches

Asset ID	1052
Category	Operating Expense Placed in Service		January 2006

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Camera System

Asset ID	1019
Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Carpet - Offices/Pro Shop

Asset ID	1042
Category	Operating Expense Placed in Service		January 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Ceiling Fans

Asset ID	1019
Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Cupola Repair - Clubhouse Roof

Asset ID	1008
Category	Operating Expense Placed in Service		January 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Exhaust Fans

Asset ID	1019
Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Gutter & Downspouts - Clubhouse

Asset ID	1054

Category	Operating Expense Placed in Service		January 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Gutter & Downspouts - Clubhouse continued...

Interior Painting

Asset ID	1019
Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Painting - Dumpster Enclosure

Asset ID	1019

Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Cooler - Restrooms

Asset ID

Category	Operating Expense Placed in Service		June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water Cooler - Restrooms continued...

Water Heater - Propane

Asset ID	1019
Category	Operating Expense Placed in Service		January 2013
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Brick Walks

Asset ID	1003
Category Long Life Components Placed in Service	June 2006

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Building Foundation/Frames

Asset ID	1013

Category Long Life Components Placed in Service	June 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Building Siding/Trim

Asset ID

Category Long Life Components Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Cart Paths

Asset ID

Category Long Life Components Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Electrical/Communication Cable & Devices

Asset ID	1013
Category Long Life Components Placed in Service	June 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

HVAC Ductwork

Asset ID	1013

Category Long Life Components Placed in Service	June 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Kitchen Fire Protection System

Asset ID

Category Long Life Components Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Metal Wall Panels - Maintenance/Cart Barn

Asset ID	1013
Category Long Life Components Placed in Service	June 2006

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Sidewalks

Asset ID

Category Long Life Components Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Utility Lines to Buildings

Asset ID	1013
Category Long Life Components Placed in Service	June 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water/Sewer/Vent Piping

Asset ID	1013
Category Long Life Components Placed in Service	June 2006
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Wiring for Light Poles

Asset ID

Category Long Life Components Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

CDD Amenity Components

Asset ID

CoCmatpeognoernyts Maintained by Others Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Cluster Mailboxes

Asset ID

CoCmatpeognoernyts Maintained by Others Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Electrical Lines to Transformers

Asset ID

CoCmatpeognoernyts Maintained by Others Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water/Electrical Meters

Asset ID

CoCmatpeognoernyts Maintained by Others Placed in Service	June 2007
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Water/Sewer Connection to Utility

Asset ID

CoCmatpeognoernyts Maintained by Others Placed in Service	June 2007
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 District 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. Percent Funded is defined by industry standards as 70-100% strong, 30-70% fair or adequate and below 30% weak or inadequate. 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; using this method requires regular analysis updates.
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.