Full Reserve Study Wilford Preserve CDD Orange Park, Florida
Prepared for FY 2023 Report Date: August 31, 2023

August 31, 2023

Ms. Marilee Giles, District Manager Governmental Management Services 475 West Town Place, Suite 114
St. Augustine Florida 32092

Re: Reserve Study Report for Wilford Preserve CDD 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 OTHER CONSULTANTS.

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Executive Summary	1-1
Financial Summary - Recommended Funding Plan	1-2
Cash Flow Funding Plan VS Fully Funded	1-3
Current Funding Plan vs Recommended Funding Plan	1-4
CURRENT FUNDING PLAN - SECTION NOT USED CASH FLOW
Income & Expense Spreadsheet	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
Asset Current Cost by Category	4-5
COMPONENT INVENTORY
Component Inventory	5-1
Component Detail Index	5-4
Component Detail	5-7
DISCLOSURERS & INFORMATION
Report Navigation	6-1
Methodology & Information	6-2
Terms of Service	6-3
Definitions	6-4

Executive	Summary		
Account Information			
Account Name	Wilford Preserve CDD	Account Number	195	
City	Orange Park	Last Site Visit	August, 25 2023	
State	Florida	Report Date	August, 31 2023	
In Service Date	January, 1 2022	Report Version	1	
Total Units	445	Fiscal Year Start	October, 1 2023	
Study Level	Level I Reserve Study	Fiscal year End	September, 30 2024	
Reserve Fund Information			
Current Component Replacement Cost	$1,481,071		
Number of Components	57		
Reserve Fund Beginning Balance Billing Term	$0
Annually		
Component Funding (Straight Line)			
Recommended First Year Reserve Fund Contribution	$86,118		
Interest Rate on Reserve Deposits	0%		
Inflation Rate on Replacement Cost	0%		

Pooled Cash (Current Funding Plan) THIS SECTION NOT USED
Current Year Reserve Fund Contribution Interest Rate on Reserve Deposits Inflation Rate on Replacement Cost Annual Contribution Increases

Pooled Cash (Recommended Funding Plan)
Recommended First Year Reserve Fund Contribution	$75,708
Interest Rate on Reserve Deposits	3.0%
Inflation Rate on Replacement Cost	3.5%
Annual Contribution Increases	3.0%

Comments
Streets have been completed by phase therfore this analysis assumes all streets have a inservice date of 2023.
District has not established reserves, therefore the current contribution section of the report is omitted.
Recommended funding plan requires moderate contributions for adequate funding.

Wilford Preserve CDD
Financial Summary - Recommended Funding Plan

Begining Balance: $0	Fully Funded: $114,227	Tax Rate:0%

Year		

23-24	
1,481,071	
3.5%	
75,708	
0	
3.00%	
2,271		
77,979	
199,237	
39%	
24-25	1,532,908	3.5%	77,979	0	3.00%	4,679		160,637	290,057	55%	
25-26	1,586,560	3.5%	80,319	0	3.00%	7,229		248,184	386,990	64%	
26-27	1,642,090	3.5%	82,728	0	3.00%	9,927		340,840	490,354	70%	
27-28	1,699,563	3.5%	85,210	0	3.00%	12,782		438,832	600,479	73%	
28-29	1,759,048	3.5%	87,766	0	3.00%	15,798		542,396	717,712	76%	
29-30	1,820,614	3.5%	90,399	0	3.00%	18,687	9,902	641,579	832,166	77%	
30-31	1,884,336	3.5%	93,111	0	3.00%	22,041		756,731	964,361	78%	
31-32	1,950,287	3.5%	95,905	0	3.00%	25,579		878,215	1,104,790	79%	
32-33	2,018,547	3.5%	98,782	0	3.00%	29,310		1,006,307	1,253,868	80%	
33-34	2,089,197	3.5%	101,745	0	3.00%	24,208	301,123	831,136	1,100,365	76%	
34-35	2,162,318	3.5%	104,798	0	3.00%	28,078		964,012	1,257,152	77%	
35-36	2,238,000	3.5%	107,941	0	3.00%	32,159		1,104,112	1,423,567	78%	
36-37	2,316,330	3.5%	111,180	0	3.00%	33,855	86,800	1,162,347	1,510,252	77%	
37-38	2,397,401	3.5%	114,515	0	3.00%	37,915	13,040	1,301,737	1,680,748	77%	
38-39	2,481,310	3.5%	117,951	0	3.00%	42,591		1,462,279	1,875,296	78%	
39-40	2,568,156	3.5%	121,489	0	3.00%	47,513		1,631,281	2,081,404	78%	
40-41	2,658,042	3.5%	125,134	0	3.00%	52,692		1,809,107	2,299,643	79%	
41-42	2,751,073	3.5%	128,888	0	3.00%	53,288	161,743	1,829,539	2,363,204	77%	
42-43	2,847,361	3.5%	132,754	0	3.00%	10,057	1,627,064	345,287	917,650	38%	
43-44	2,947,018	3.5%	136,737	0	3.00%	14,461		496,485	1,110,963	45%	
44-45	3,050,164	3.5%	140,839	0	3.00%	19,120		656,444	1,316,685	50%	
45-46	3,156,919	3.5%	145,064	0	3.00%	9,880	472,189	339,199	1,046,730	32%	
46-47	3,267,412	3.5%	149,416	0	3.00%	9,461	173,242	324,835	1,082,781	30%	
47-48	3,381,771	3.5%	153,899	0	3.00%	14,362		493,096	1,305,654	38%	
48-49	3,500,133	3.5%	158,516	0	3.00%	19,548		671,160	1,542,801	44%	
49-50	3,622,638	3.5%	163,271	0	3.00%	25,033		859,464	1,794,950	48%	
50-51	3,749,430	3.5%	168,169	0	3.00%	30,829		1,058,462	2,062,859	51%	
51-52	3,880,660	3.5%	173,214	0	3.00%	23,561	446,320	808,917	1,885,382	43%	
52-53	4,016,483	3.5%	178,411	0	3.00%	29,620		1,016,948	2,171,063	47%	

Chart illustrates year end balances and expenditures with the level of contributions necessary to maintain adequate funding.

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

	23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	
Beginning Balance		77,979	160,637	248,184	340,840	438,832	542,396	641,579	756,731	878,215	
Annual Assessment	75,708	77,979	80,319	82,728	85,210	87,766	90,399	93,111	95,905	98,782	
Interest Earned	2,271	4,679	7,229	9,927	12,782	15,798	18,687	22,041	25,579	29,310	
Expenditures							9,902				
Fully Funded Reserves	199,237	290,057	386,990	490,354	600,479	717,712	832,166	964,361	1,104,790	1,253,868	
Percent Fully Funded	39%	55%	64%	70%	73%	76%	77%	78%	79%	80%	
Ending Balance	77,979	160,637	248,184	340,840	438,832	542,396	641,579	756,731	878,215	1,006,307	

Description											

Concrete Curb Allowance at Paving Pedestal Cluster Mailboxes

Misc. Site Components
Misc. Site Components Total:

Asphalt Mill/Overlay - Amenity Lot Asphalt Mill/Overlay - Birch Tree Road

Street/Parking Lot Resurfacing
Asphalt Mill/Overlay - Copperwood Avenue Asphalt Mill/Overlay - Firethorn Avenue

Asphalt Mill/Overlay - Flower Branch Avenue Asphalt Mill/Overlay - Greywood Lane

Asphalt Mill/Overlay - Hackberry Court

Asphalt Mill/Overlay - Lancewood Court Asphalt Mill/Overlay - Silverberry Avenue

Asphalt Mill/Overlay - Ivory Palm Road
Asphalt Mill/Overlay - Sycamore Way Asphalt Mill/Overlay - Water Elm Place

Asphalt Mill/Overlay - White Heron Trail (Partial)

Street/Parking Lot Resurfacing Total:

Access Control System Aluminum Fence - Pool

Fencing/Gates/Access Control
Vinyl Privacy Fence - Pool Filtration System

23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33
Description

Vinyl Privacy Fence/Metal Gates - Dumpster Wood Ranch Fence/Wire - Dog Park

Fencing/Gates/Access Control continued...
Fencing/Gates/Access Control Total:

Decorative Light Pole Fixtures

Site Lighting
Site Lighting Total:

Interior Refurbishment Allowance - Clubhouse Restroom Refurbishment Allowance

Misc. Building Components
Windows/Ext Door Allowance - Clubhouse

Misc. Building Components Total:

Asphalt Shingles - Clubhouse Metal Roofing - Amenity Pavilions

Roofing
Roofing Total:

Exterior Repair/Paint - Clubhouse	9,902

Painting
Painting Total:	9,902

Camera System Allowance Picnic Tables/Benches

Furniture Fixtures & Equipment
Pool Furniture Replacement Allowance Water Coolers (Pair)

Furniture Fixtures & Equipment Total:

Heat Pump - Clubhouse (2 ton)

HVAC
HVAC Total:

23-24	24-25	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33
Description

Concrete Pavers - Pool Deck
Pool Filtration Refurbishment Allowance

Swimming Pool
Pool Lift

Shade Structure - Pool

Pool Resufracing/Tile
Swimming Pool Total:

Plastic Play Surface Border Play Equipment Allowance

Playground
Single Post Swings - Three Bay

Playground Total:

Concrete Walk Repair Exhaust Fans

Unfunded Unfunded

Operating Expense
Irrigation Repair	Unfunded

Monument Sign Refurbishment Pool Filtration Partial Replacement

Unfunded Unfunded

Landscape Replacement	Unfunded
Pool Furniture Partial Replacement	Unfunded

Street Signs	Unfunded

Shade Structure Fabic - Pool	Unfunded
Components Not Included

Building Foundation/Frame Concrete Pavers - Play Area

Unfunded Unfunded

Pool Shell	Unfunded

Stormwater Pond Dredging Stormwater Pond Pipe/Structures

Unfunded Unfunded

Site Utilities	Unfunded
Stormwater System Evaluation	Unfunded
Utility Lines To/Inside Building	Unfunded

Year Total:	9,902

	33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	
Beginning Balance	1,006,307	831,136	964,012	1,104,112	1,162,347	1,301,737	1,462,279	1,631,281	1,809,107	1,829,539	
Annual Assessment	101,745	104,798	107,941	111,180	114,515	117,951	121,489	125,134	128,888	132,754	
Interest Earned	24,208	28,078	32,159	33,855	37,915	42,591	47,513	52,692	53,288	10,057	
Expenditures	301,123			86,800	13,040				161,743	1,627,064	
Fully Funded Reserves	1,100,365	1,257,152	1,423,567	1,510,252	1,680,748	1,875,296	2,081,404	2,299,643	2,363,204	917,650	
Percent Fully Funded	76%	77%	78%	77%	77%	78%	78%	79%	77%	38%	
Ending Balance	831,136	964,012	1,104,112	1,162,347	1,301,737	1,462,279	1,631,281	1,809,107	1,829,539	345,287	

Description
Misc. Site Components											
Concrete Curb Allowance at Paving										13,842	
Pedestal Cluster Mailboxes											
Misc. Site Components Total:										13,842	
Street/Parking Lot Resurfacing											
Asphalt Mill/Overlay - Amenity Lot										67,890	
Asphalt Mill/Overlay - Birch Tree Road										20,800	
Asphalt Mill/Overlay - Copperwood Avenue										255,413	
Asphalt Mill/Overlay - Firethorn Avenue										548,614	
Asphalt Mill/Overlay - Flower Branch Avenue										64,984	
Asphalt Mill/Overlay - Greywood Lane										128,934	
Asphalt Mill/Overlay - Hackberry Court										20,283	
Asphalt Mill/Overlay - Ivory Palm Road										72,735	
Asphalt Mill/Overlay - Lancewood Court										39,436	
Asphalt Mill/Overlay - Silverberry Avenue										24,482	
Asphalt Mill/Overlay - Sycamore Way										312,160	
Asphalt Mill/Overlay - Water Elm Place										29,294	
Asphalt Mill/Overlay - White Heron Trail (Partial)										28,196	
Street/Parking Lot Resurfacing Total:										1,613,222	
Fencing/Gates/Access Control											
Access Control System									26,934		
Aluminum Fence - Pool											
Vinyl Privacy Fence - Pool Filtration System											

Description

33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43

Fencing/Gates/Access Control continued...		
Vinyl Privacy Fence/Metal Gates - Dumpster
Wood Ranch Fence/Wire - Dog Park					
Fencing/Gates/Access Control Total:				26,934	
Site Lighting					
Decorative Light Pole Fixtures					
Site Lighting Total:					
Misc. Building Components					
Interior Refurbishment Allowance - Clubhouse				22,290	
Restroom Refurbishment Allowance				52,010	
Windows/Ext Door Allowance - Clubhouse					
Misc. Building Components Total:				74,300	
Roofing					
Asphalt Shingles - Clubhouse
Metal Roofing - Amenity Pavilions				35,961	
Roofing Total:				35,961	
Painting					
Exterior Repair/Paint - Clubhouse			13,040		
Painting Total:			13,040		
Furniture Fixtures & Equipment					
Camera System Allowance
Picnic Tables/Benches	5,642	
6,881			
Pool Furniture Replacement Allowance
Water Coolers (Pair)	28,212	
3,441			
Furniture Fixtures & Equipment Total:	33,854	10,322			
HVAC					
Heat Pump - Clubhouse (2 ton)	4,514				
HVAC Total:	4,514				

Description

33-34	34-35	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43

Swimming Pool		
Concrete Pavers - Pool Deck
Pool Filtration Refurbishment Allowance							
Pool Lift
Pool Resufracing/Tile		
262,755			15,231		
Shade Structure - Pool							
Swimming Pool Total:		262,755			15,231		
Playground							
Plastic Play Surface Border
Play Equipment Allowance			
62,558		9,317		
Single Post Swings - Three Bay			13,919				
Playground Total:			76,477		9,317		
Operating Expense							
Concrete Walk Repair
Exhaust Fans		Unfunded
Unfunded					
Irrigation Repair
Landscape Replacement		Unfunded
Unfunded					
Monument Sign Refurbishment
Pool Filtration Partial Replacement		Unfunded
Unfunded					
Pool Furniture Partial Replacement
Shade Structure Fabic - Pool		Unfunded
Unfunded					
Street Signs		Unfunded					
Components Not Included							
Building Foundation/Frame
Concrete Pavers - Play Area		Unfunded
Unfunded					
Pool Shell
Site Utilities		Unfunded
Unfunded					
Stormwater Pond Dredging
Stormwater Pond Pipe/Structures		Unfunded
Unfunded					
Stormwater System Evaluation Utility Lines To/Inside Building		Unfunded Unfunded					
Year Total:		301,123	86,800	13,040	161,743	1,627,064	

	43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	
Beginning Balance	345,287	496,485	656,444	339,199	324,835	493,096	671,160	859,464	1,058,462	808,917	
Annual Assessment	136,737	140,839	145,064	149,416	153,899	158,516	163,271	168,169	173,214	178,411	
Interest Earned	14,461	19,120	9,880	9,461	14,362	19,548	25,033	30,829	23,561	29,620	
Expenditures			472,189	173,242					446,320		
Fully Funded Reserves	1,110,963	1,316,685	1,046,730	1,082,781	1,305,654	1,542,801	1,794,950	2,062,859	1,885,382	2,171,063	
Percent Fully Funded	45%	50%	32%	30%	38%	44%	48%	51%	43%	47%	
Ending Balance	496,485	656,444	339,199	324,835	493,096	671,160	859,464	1,058,462	808,917	1,016,948	

Description
Misc. Site Components											
Concrete Curb Allowance at Paving											
Pedestal Cluster Mailboxes									220,094		
Misc. Site Components Total:									220,094		
Street/Parking Lot Resurfacing											
Asphalt Mill/Overlay - Amenity Lot											
Asphalt Mill/Overlay - Birch Tree Road											
Asphalt Mill/Overlay - Copperwood Avenue											
Asphalt Mill/Overlay - Firethorn Avenue											
Asphalt Mill/Overlay - Flower Branch Avenue											
Asphalt Mill/Overlay - Greywood Lane											
Asphalt Mill/Overlay - Hackberry Court											
Asphalt Mill/Overlay - Ivory Palm Road											
Asphalt Mill/Overlay - Lancewood Court											
Asphalt Mill/Overlay - Silverberry Avenue											
Asphalt Mill/Overlay - Sycamore Way											
Asphalt Mill/Overlay - Water Elm Place											
Asphalt Mill/Overlay - White Heron Trail (Partial)											
Street/Parking Lot Resurfacing Total:											
Fencing/Gates/Access Control											
Access Control System											
Aluminum Fence - Pool									41,818		
Vinyl Privacy Fence - Pool Filtration System									11,319		

Description

43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53

Fencing/Gates/Access Control continued...		
Vinyl Privacy Fence/Metal Gates - Dumpster
Wood Ranch Fence/Wire - Dog Park		
37,345	7,546	
Fencing/Gates/Access Control Total:		37,345	60,683	
Site Lighting				
Decorative Light Pole Fixtures		38,828		
Site Lighting Total:		38,828		
Misc. Building Components				
Interior Refurbishment Allowance - Clubhouse
Restroom Refurbishment Allowance				
Windows/Ext Door Allowance - Clubhouse				
Misc. Building Components Total:				
Roofing				
Asphalt Shingles - Clubhouse
Metal Roofing - Amenity Pavilions			
20,123	
Roofing Total:			20,123	
Painting				
Exterior Repair/Paint - Clubhouse	17,171			
Painting Total:	17,171			
Furniture Fixtures & Equipment				
Camera System Allowance
Picnic Tables/Benches	8,526		
11,529	
Pool Furniture Replacement Allowance
Water Coolers (Pair)	42,630		
5,764	
Furniture Fixtures & Equipment Total:	51,156		17,293	
HVAC				
Heat Pump - Clubhouse (2 ton)	6,821			
HVAC Total:	6,821			

Description

43-44	44-45	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53

Swimming Pool		
Concrete Pavers - Pool Deck
Pool Filtration Refurbishment Allowance						
Pool Lift
Pool Resufracing/Tile			
397,041			
Shade Structure - Pool				97,069		
Swimming Pool Total:			397,041	97,069		
Playground						
Plastic Play Surface Border
Play Equipment Allowance					
104,807	
Single Post Swings - Three Bay					23,320	
Playground Total:					128,126	
Operating Expense						
Concrete Walk Repair
Exhaust Fans		Unfunded
Unfunded				
Irrigation Repair
Landscape Replacement		Unfunded
Unfunded				
Monument Sign Refurbishment
Pool Filtration Partial Replacement		Unfunded
Unfunded				
Pool Furniture Partial Replacement
Shade Structure Fabic - Pool		Unfunded
Unfunded				
Street Signs		Unfunded				
Components Not Included						
Building Foundation/Frame
Concrete Pavers - Play Area		Unfunded
Unfunded				
Pool Shell
Site Utilities		Unfunded
Unfunded				
Stormwater Pond Dredging
Stormwater Pond Pipe/Structures		Unfunded
Unfunded				
Stormwater System Evaluation Utility Lines To/Inside Building		Unfunded Unfunded				
Year Total:			472,189	173,242	446,320	

Description	Expenditures	
No Replacement in 23-24		
No Replacement in 24-25		
No Replacement in 25-26		
No Replacement in 26-27		
No Replacement in 27-28		
No Replacement in 28-29		
Replacement Year 29-30		
Painting
Exterior Repair/Paint - Clubhouse	
9,902	
Total for 2029 - 2030	
$9,902	
No Replacement in 30-31		
No Replacement in 31-32		
No Replacement in 32-33		
Replacement Year 33-34		
Furniture Fixtures & Equipment
Camera System Allowance	
5,642	
Pool Furniture Replacement Allowance	28,212	
HVAC
Heat Pump - Clubhouse (2 ton)	4,514
Swimming Pool
Pool Resufracing/Tile	262,755
Total for 2033 - 2034	$301,123

No Replacement in 34-35 No Replacement in 35-36

Replacement Year 36-37 Furniture Fixtures & Equipment
Picnic Tables/Benches	6,881
Water Coolers (Pair)	3,441
Playground
Play Equipment Allowance	62,558

Description	Expenditures	
Replacement Year 36-37 continued...		
Single Post Swings - Three Bay	13,919	
Total for 2036 - 2037	
$86,800	
Replacement Year 37-38		
Painting		
Exterior Repair/Paint - Clubhouse	13,040	
Total for 2037 - 2038	
$13,040	
No Replacement in 38-39		
No Replacement in 39-40		
No Replacement in 40-41		
Replacement Year 41-42		
Fencing/Gates/Access Control		
Access Control System	26,934	
Misc. Building Components		
Interior Refurbishment Allowance - Clubhouse	22,290	
Restroom Refurbishment Allowance	52,010	
Roofing		
Asphalt Shingles - Clubhouse	35,961	
Swimming Pool		
Pool Lift	15,231	
Playground		
Plastic Play Surface Border	9,317	
Total for 2041 - 2042	$161,743	
Replacement Year 42-43		
Misc. Site Components		
Concrete Curb Allowance at Paving	13,842	
Street/Parking Lot Resurfacing			
Asphalt Mill/Overlay - Amenity Lot	67,890	
Asphalt Mill/Overlay - Birch Tree Road	20,800	
Asphalt Mill/Overlay - Copperwood Avenue	255,413	

Description	Expenditures	
Replacement Year 42-43 continued...
Asphalt Mill/Overlay - Firethorn Avenue	
548,614	
Asphalt Mill/Overlay - Flower Branch Avenue	64,984	
Asphalt Mill/Overlay - Greywood Lane	128,934	
Asphalt Mill/Overlay - Hackberry Court	20,283	
Asphalt Mill/Overlay - Ivory Palm Road	72,735	
Asphalt Mill/Overlay - Lancewood Court	39,436	
Asphalt Mill/Overlay - Silverberry Avenue	24,482	
Asphalt Mill/Overlay - Sycamore Way	312,160	
Asphalt Mill/Overlay - Water Elm Place	29,294	
Asphalt Mill/Overlay - White Heron Trail (Partial)	28,196	
Total for 2042 - 2043	
$1,627,064	
No Replacement in 43-44		
No Replacement in 44-45		
Replacement Year 45-46		
Painting
Exterior Repair/Paint - Clubhouse	
17,171	
Furniture Fixtures & Equipment
Camera System Allowance	
8,526	
Pool Furniture Replacement Allowance	42,630	
HVAC
Heat Pump - Clubhouse (2 ton)	6,821
Swimming Pool
Pool Resufracing/Tile	397,041
Total for 2045 - 2046	$472,189

Replacement Year 46-47 Fencing/Gates/Access Control
Wood Ranch Fence/Wire - Dog Park	37,345
Site Lighting
Decorative Light Pole Fixtures	38,828
Swimming Pool
Shade Structure - Pool	97,069
Total for 2046 - 2047	$173,242

Description	Expenditures	
No Replacement in 47-48		
No Replacement in 48-49		
No Replacement in 49-50		
No Replacement in 50-51		
Replacement Year 51-52		
Misc. Site Components
Pedestal Cluster Mailboxes	
220,094	
Fencing/Gates/Access Control
Aluminum Fence - Pool	
41,818	
Vinyl Privacy Fence - Pool Filtration System	11,319	
Vinyl Privacy Fence/Metal Gates - Dumpster	7,546	
Roofing
Metal Roofing - Amenity Pavilions	20,123
Furniture Fixtures & Equipment
Picnic Tables/Benches	11,529
Water Coolers (Pair)	5,764
Playground
Play Equipment Allowance	104,807
Single Post Swings - Three Bay	23,320
Total for 2051 - 2052	$446,320

No Replacement in 52-53

Description		
Misc. Site Components
Concrete Curb Allowance at Paving	
2023	
42-43	
20	
0	
19	
200 Linear Feet	
36.00	
7,200	
Pedestal Cluster Mailboxes	2022	51-52	30	0	28	30 Each	2,800.00	 84,000	
Misc. Site Components - Total								$91,200	
Street/Parking Lot Resurfacing
Asphalt Mill/Overlay - Amenity Lot	
2023	
42-43	
20	
0	
19	
2,102 Square Yards	
16.80	
35,314	
Asphalt Mill/Overlay - Birch Tree Road	2023	42-43	20	0	19	644 Square Yards	16.80	10,819	
Asphalt Mill/Overlay - Copperwood Avenue	2023	42-43	20	0	19	7,908 Square Yards	16.80	132,854	
Asphalt Mill/Overlay - Firethorn Avenue	2023	42-43	20	0	19	16,986 Square Yards	16.80	285,365	
Asphalt Mill/Overlay - Flower Branch Aven..	2023	42-43	20	0	19	2,012 Square Yards	16.80	33,802	
Asphalt Mill/Overlay - Greywood Lane	2023	42-43	20	0	19	3,992 Square Yards	16.80	67,066	
Asphalt Mill/Overlay - Hackberry Court	2023	42-43	20	0	19	628 Square Yards	16.80	10,550	
Asphalt Mill/Overlay - Ivory Palm Road	2023	42-43	20	0	19	2,252 Square Yards	16.80	37,834	
Asphalt Mill/Overlay - Lancewood Court	2023	42-43	20	0	19	1,221 Square Yards	16.80	20,513	
Asphalt Mill/Overlay - Silverberry Avenue	2023	42-43	20	0	19	758 Square Yards	16.80	12,734	
Asphalt Mill/Overlay - Sycamore Way	2023	42-43	20	0	19	9,665 Square Yards	16.80	162,372	
Asphalt Mill/Overlay - Water Elm Place	2023	42-43	20	0	19	907 Square Yards	16.80	15,238	
Asphalt Mill/Overlay - White Heron Trail (..	2023	42-43	20	0	19	873 Square Yards	16.80	  14,666	
Street/Parking Lot Resurfacing - Total								$839,126	
Fencing/Gates/Access Control
Access Control System	
2022	
41-42	
20	
0	
18	
1 Lump Sum	
14,500.00	
14,500	
Aluminum Fence - Pool	2022	51-52	30	0	28	380 Linear Feet	42.00	15,960	
Vinyl Privacy Fence - Pool Filtration System	2022	51-52	30	0	28	90 Linear Feet	48.00	4,320	
Vinyl Privacy Fence/Metal Gates - Dumpster	2022	51-52	30	0	28	60 Linear Feet	48.00	2,880	
Wood Ranch Fence/Wire - Dog Park	2022	46-47	25	0	23	529 Linear Feet	32.00	 16,928	
Fencing/Gates/Access Control - Total								$54,588	
Site Lighting
Decorative Light Pole Fixtures	
2022	
46-47	
25	
0	
23	
22 Each	
800.00	
 17,600	
Site Lighting - Total								$17,600	
Misc. Building Components
Interior Refurbishment Allowance - Clubho..	
2022	
41-42	
20	
0	
18	
1 Lump Sum	
12,000.00	
12,000	
Restroom Refurbishment Allowance	2022	41-42	20	0	18	1 Lump Sum	28,000.00	28,000	
Windows/Ext Door Allowance - Clubhouse	2022	61-62	40	0	38	1 Lump Sum	20,000.00	 20,000	
Misc. Building Components - Total								$60,000	
Roofing
Asphalt Shingles - Clubhouse	
2022	
41-42	
20	
0	
18	
44 Squares	
440.00	
19,360	
Metal Roofing - Amenity Pavilions	2022	51-52	30	0	28	800 Square Feet	9.60	  7,680	
Roofing - Total								$27,040	

Description									
Painting
Exterior Repair/Paint - Clubhouse	
2022	
29-30	
8	
0	
6	
3,836 Square Feet	
2.10	
 8,056	
Painting - Total								$8,056	
Furniture Fixtures & Equipment
Camera System Allowance	
2022	
33-34	
12	
0	
10	
1 Lump Sum	
4,000.00	
4,000	
Picnic Tables/Benches	2022	36-37	15	0	13	4 Each	1,100.00	4,400	
Pool Furniture Replacement Allowance	2022	33-34	12	0	10	1 Lump Sum	20,000.00	20,000	
Water Coolers (Pair)	2022	36-37	15	0	13	1 Lump Sum	2,200.00	  2,200	
Furniture Fixtures & Equipment - Total								$30,600	
HVAC
Heat Pump - Clubhouse (2 ton)	
2022	
33-34	
12	
0	
10	
1 Each	
3,200.00	
 3,200	
HVAC - Total								$3,200	
Swimming Pool
Concrete Pavers - Pool Deck	
2022	
56-57	
35	
0	
33	
3,842 Square Feet	
8.40	
32,273	
Pool Filtration Refurbishment Allowance	2022	56-57	35	0	33	1 Lump Sum	25,000.00	25,000	
Pool Lift	2022	41-42	20	0	18	1 Each	8,200.00	8,200	
Pool Resufracing/Tile	2022	33-34	12	0	10	5,821 Square Feet	32.00	186,272	
Shade Structure - Pool	2022	46-47	25	0	23	4 Each	11,000.00	  44,000	
Swimming Pool - Total								$295,745	
Playground
Plastic Play Surface Border	
2022	
41-42	
20	
0	
18	
228 Linear Feet	
22.00	
5,016	
Play Equipment Allowance	2022	36-37	15	0	13	1 Lump Sum	40,000.00	40,000	
Single Post Swings - Three Bay	2022	36-37	15	0	13	1 Lump Sum	8,900.00	  8,900	
Playground - Total								$53,916	

Operating Expense
Concrete Walk Repair	Unfunded
Exhaust Fans	Unfunded
Irrigation Repair	Unfunded
Landscape Replacement	Unfunded
Monument Sign Refurbishment	Unfunded
Pool Filtration Partial Replacement	Unfunded
Pool Furniture Partial Replacement	Unfunded
Shade Structure Fabic - Pool	Unfunded
Street Signs	Unfunded
Operating Expense - Total

Components Not Included
Building Foundation/Frame	Unfunded
Concrete Pavers - Play Area	Unfunded
Pool Shell	Unfunded

Description
Components Not Included continued...
Site Utilities	Unfunded
Stormwater Pond Dredging	Unfunded
Stormwater Pond Pipe/Structures	Unfunded
Stormwater System Evaluation	Unfunded
Utility Lines To/Inside Building	Unfunded
Components Not Included - Total

Total Asset Summary	$1,481,071

Asset ID Description	Replacement	Page

Misc. Site Components
1056	Concrete Curb Allowance at Paving	42-43	5-7	
1011	Pedestal Cluster Mailboxes	51-52	5-7	

Street/Parking Lot Resurfacing	
1001	Asphalt Mill/Overlay - Amenity Lot	42-43	5-8	
1037	Asphalt Mill/Overlay - Birch Tree Road	42-43	5-8	
1003	Asphalt Mill/Overlay - Copperwood Avenue	42-43	5-8	
1002	Asphalt Mill/Overlay - Firethorn Avenue	42-43	5-9	
1008	Asphalt Mill/Overlay - Flower Branch Avenue	42-43	5-9	
1007	Asphalt Mill/Overlay - Greywood Lane	42-43	5-9	
1038	Asphalt Mill/Overlay - Hackberry Court	42-43	5-10	
1004	Asphalt Mill/Overlay - Ivory Palm Road	42-43	5-10	
1009	Asphalt Mill/Overlay - Lancewood Court	42-43	5-10	
1005	Asphalt Mill/Overlay - Silverberry Avenue	42-43	5-11	
1006	Asphalt Mill/Overlay - Sycamore Way	42-43	5-11	
1036	Asphalt Mill/Overlay - Water Elm Place	42-43	5-11	
1058	Asphalt Mill/Overlay - White Heron Trail (Partial)	42-43	5-12	

Fencing/Gates/Access Control	
1022	Access Control System	41-42	5-13	
1027	Aluminum Fence - Pool	51-52	5-13	
1024	Vinyl Privacy Fence - Pool Filtration System	51-52	5-14	
1023	Vinyl Privacy Fence/Metal Gates - Dumpster	51-52	5-14	
1034	Wood Ranch Fence/Wire - Dog Park	46-47	5-15	

Site Lighting	
1010	Decorative Light Pole Fixtures	46-47	5-16	

Misc. Building Components	
1025	Interior Refurbishment Allowance - Clubhouse	41-42	5-17	
1020	Restroom Refurbishment Allowance	41-42	5-17	
1048	Windows/Ext Door Allowance - Clubhouse	61-62	5-18	
Roofing				
1015	Asphalt Shingles - Clubhouse	41-42	5-19	
1012	Metal Roofing - Amenity Pavilions	51-52	5-19	

Asset ID Description	Replacement	Page

Painting	
1014	Exterior Repair/Paint - Clubhouse	29-30	5-20	

Furniture Fixtures & Equipment	
1021	Camera System Allowance	33-34	5-21	
1013	Picnic Tables/Benches	36-37	5-21	
1031	Pool Furniture Replacement Allowance	33-34	5-22	
1019	Water Coolers (Pair)	36-37	5-22	
HVAC				
1026	Heat Pump - Clubhouse (2 ton)	33-34	5-23	

Swimming Pool	
1040	Concrete Pavers - Pool Deck	56-57	5-24	
1032	Pool Filtration Refurbishment Allowance	56-57	5-24	
1033	Pool Lift	41-42	5-25	
1030	Pool Resufracing/Tile	33-34	5-25	
1028	Shade Structure - Pool	46-47	5-26	

Playground	
1016	Plastic Play Surface Border	41-42	5-27	
1017	Play Equipment Allowance	36-37	5-27	
1018	Single Post Swings - Three Bay	36-37	5-28	

Operating Expense	
1049	Concrete Walk Repair	23-24	5-29	
1050	Exhaust Fans	23-24	5-29	
1052	Irrigation Repair	23-24	5-29	
1051	Landscape Replacement	23-24	5-29	
1035	Monument Sign Refurbishment	23-24	5-30	
1047	Pool Filtration Partial Replacement	23-24	5-30	
1046	Pool Furniture Partial Replacement	23-24	5-31	
1029	Shade Structure Fabic - Pool	23-24	5-31	
1057	Street Signs	23-24	5-32	

Components Not Included	
1042	Building Foundation/Frame	23-24	5-33	
1041	Concrete Pavers - Play Area	23-24	5-33	

Asset ID Description	Replacement	Page

Components Not Included Continued...
1043	Pool Shell	23-24	5-33	
1044	Site Utilities	23-24	5-34	
1053	Stormwater Pond Dredging	23-24	5-34	
1054	Stormwater Pond Pipe/Structures	23-24	5-34	
1055	Stormwater System Evaluation	23-24	5-34	
1045	Utility Lines To/Inside Building	23-24	5-35	

Total Funded Assets	
40	
Total Unfunded Assets	17	
Total Assets	57	

Concrete Curb Allowance at Paving - 2042

	200 Linear Feet	@ $36.00	
Asset ID	1056	Asset Actual Cost	$7,200.00	
		Percent Replacement	100%	
Category Misc. Site	Components	Future Cost	$13,842.01	
Placed in Service	January 2023			
Useful Life	20			
Replacement Year	42-43			
Remaining Life	19			

Pedestal Cluster Mailboxes - 2051

30 Each

@ $2,800.00

Asset ID	1011
Category Misc. Site Components

Asset Actual Cost	$84,000.00
Percent Replacement		100% Future Cost	$220,094.44

Placed in Service	January 2022	
Useful Life	30	
Replacement Year	51-52	
Remaining Life	28	

Asphalt Mill/Overlay - Amenity Lot - 2042

Asset ID	1001
CaSttergeoetr/yParking Lot Resurfacing
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asset ID	1037

CaSttergeoetr/yParking Lot Resurfacing

2,102 Square Yards		@ $16.80 Asset Actual Cost	$35,313.60 Percent Replacement			100%

Future Cost	$67,890.44

Asphalt Mill/Overlay - Birch Tree Road - 2042

644 Square Yards		@ $16.80 Asset Actual Cost	$10,819.20 Percent Replacement			100%
Future Cost	$20,799.93

Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Copperwood Avenue - 2042

Asset ID	
1003	7,908 Square Yards
Asset Actual Cost	@ $16.80
$132,854.40	
		Percent Replacement	100%	
CaSttergeoetr/yParking Lot	Resurfacing	Future Cost	$255,412.76	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Firethorn Avenue - 2042

Asset ID	1002	16,986 Square Yards Asset Actual Cost	@ $16.80
$285,364.80	
	Percent Replacement	100%	
CaSttergeoetr/yParking Lot Resurfacing	Future Cost	$548,614.20	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Flower Branch Avenue - 2042

Asset ID	
1008	2,012 Square Yards
Asset Actual Cost	@ $16.80
$33,801.60	
		Percent Replacement	100%	
CaSttergeoetr/yParking Lot	Resurfacing	Future Cost	$64,983.62	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Greywood Lane - 2042

Asset ID	1007	3,992 Square Yards Asset Actual Cost	@ $16.80
$67,065.60	
	Percent Replacement	100%	
CaSttergeoetr/yParking Lot Resurfacing	Future Cost	$128,933.70	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Hackberry Court - 2042

Asset ID	1038	628 Square Yards Asset Actual Cost	@ $16.80
$10,550.40	
	Percent Replacement	100%	
CaSttergeoetr/yParking Lot Resurfacing	Future Cost	$20,283.16	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Ivory Palm Road - 2042

Asset ID	
1004	2,252 Square Yards
Asset Actual Cost	@ $16.80
$37,833.60	
		Percent Replacement	100%	
CaSttergeoetr/yParking Lot	Resurfacing	Future Cost	$72,735.14	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Lancewood Court - 2042

Asset ID	1009	1,221 Square Yards Asset Actual Cost	@ $16.80
$20,512.80	
	Percent Replacement	100%	
CaSttergeoetr/yParking Lot Resurfacing	Future Cost	$39,435.88	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Silverberry Avenue - 2042

Asset ID	
1005	758 Square Yards
Asset Actual Cost	@ $16.80
$12,734.40	
		Percent Replacement	100%	
CaSttergeoetr/yParking Lot	Resurfacing	Future Cost	$24,481.90	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Sycamore Way - 2042

Asset ID	1006	9,665 Square Yards Asset Actual Cost	@ $16.80
$162,372.00	
	Percent Replacement	100%	
CaSttergeoetr/yParking Lot Resurfacing	Future Cost	$312,160.38	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - Water Elm Place - 2042

Asset ID	1036
CaSttergeoetr/yParking Lot Resurfacing

907 Square Yards		@ $16.80 Asset Actual Cost	$15,237.60 Percent Replacement			100%
Future Cost	$29,294.30

Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Asphalt Mill/Overlay - White Heron Trail (Partial) - 2042

Asset ID	
1058	873 Square Yards
Asset Actual Cost	@ $16.80
$14,666.40	
		Percent Replacement	100%	
CaSttergeoetr/yParking Lot	Resurfacing	Future Cost	$28,196.17	
Placed in Service	January 2023	
Useful Life	20	
Replacement Year	42-43	
Remaining Life	19	

Access Control System - 2041

1 Lump Sum	@ $14,500.00

Asset ID	1022

CaFteegnocrinyg/Gates/Access Control
Placed in Service	January 2022	
Useful Life	20	
Replacement Year	41-42	
Remaining Life	18	

Aluminum Fence - Pool - 2051

380 Linear Feet

@ $42.00

Asset ID	1027

CaFteegnocrinyg/Gates/Access Control

Asset Actual Cost	$14,500.00
Percent Replacement	100%
Future Cost	$26,933.59

Asset Actual Cost	$15,960.00 Percent Replacement		100%
Future Cost	$41,817.94

Placed in Service	January 2022	
Useful Life	30	
Replacement Year	51-52	
Remaining Life	28	

Vinyl Privacy Fence - Pool Filtration System - 2051

Asset ID	
1024	90 Linear Feet
Asset Actual Cost	@ $48.00
$4,320.00	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$11,319.14	
Placed in Service	January 2022	
Useful Life	30	
Replacement Year	51-52	
Remaining Life	28	

Vinyl Privacy Fence/Metal Gates - Dumpster - 2051

Asset ID	
1023	60 Linear Feet
Asset Actual Cost	@ $48.00
$2,880.00	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$7,546.09	
Placed in Service	January 2022	
Useful Life	30	
Replacement Year	51-52	
Remaining Life	28	

Wood Ranch Fence/Wire - Dog Park - 2046

Asset ID	1034
CaFteegnocrinyg/Gates/Access Control

529 Linear Feet		@ $32.00 Asset Actual Cost	$16,928.00 Percent Replacement			100%
Future Cost	$37,345.10

Placed in Service	January 2022	
Useful Life	25	
Replacement Year	46-47	
Remaining Life	23	

Asset ID	1010	Asset Actual Cost	$17,600.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$38,827.61	
Placed in Service	January 2022			
Useful Life	25			
Replacement Year	46-47			
Remaining Life	23			

Decorative Light Pole Fixtures - 2046

22 Each

@ $800.00

Interior Refurbishment Allowance - Clubhouse - 2041

	1 Lump Sum	@ $12,000.00	
Asset ID	1025	Asset Actual Cost	$12,000.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$22,289.87	
Placed in Service	January 2022			
Useful Life	20			
Replacement Year	41-42			
Remaining Life	18			

Restroom Refurbishment Allowance - 2041

	1 Lump Sum	@ $28,000.00	
Asset ID	1020	Asset Actual Cost	$28,000.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$52,009.70	
Placed in Service	January 2022			
Useful Life	20			
Replacement Year	41-42			
Remaining Life	18			

Windows/Ext Door Allowance - Clubhouse - 2061

		1 Lump Sum	@ $20,000.00	
Asset ID	1048	Asset Actual Cost	$20,000.00	
		Percent Replacement	100%	
CategMorisyc. Building	Components	Future Cost	$73,920.22	
Placed in Service	January 2022			
Useful Life	40			
Replacement Year	61-62			
Remaining Life	38			

Asset ID	1015	Asset Actual Cost	$19,360.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$35,960.99	
Placed in Service	January 2022			
Useful Life	20			
Replacement Year	41-42			
Remaining Life	18			

Asphalt Shingles - Clubhouse - 2041

44 Squares

@ $440.00

Metal Roofing - Amenity Pavilions - 2051

	800 Square Feet	@ $9.60	
Asset ID	1012	Asset Actual Cost	$7,680.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$20,122.92	
Placed in Service	January 2022			
Useful Life	30			
Replacement Year	51-52			
Remaining Life	28			

Exterior Repair/Paint - Clubhouse - 2029

		3,836 Square Feet	@ $2.10	
Asset ID	1014	Asset Actual Cost	$8,055.60	
		Percent Replacement	100%	
Category	Painting	Future Cost	$9,902.39	
Placed in Service	January 2022			
Useful Life	8			
Replacement Year	29-30			
Remaining Life	6			

Camera System Allowance - 2033

1 Lump Sum

@ $4,000.00

Asset ID	1021

CFautrengioturyre Fixtures & Equipment
Placed in Service	January 2022	
Useful Life	12	
Replacement Year	33-34	
Remaining Life	10	

Picnic Tables/Benches - 2036

4 Each

@ $1,100.00

Asset ID	1013

CFautrengioturyre Fixtures & Equipment

Asset Actual Cost	$4,000.00
Percent Replacement	100%
Future Cost	$5,642.39

Asset Actual Cost	$4,400.00
Percent Replacement	100%
Future Cost	$6,881.41

Placed in Service	January 2022	
Useful Life	15	
Replacement Year	36-37	
Remaining Life	13	

Pool Furniture Replacement Allowance - 2033

Asset ID	
1031	1 Lump Sum
Asset Actual Cost	@ $20,000.00
$20,000.00	
		Percent Replacement	100%	
CFautrengioturyre Fixtures &	Equipment	Future Cost	$28,211.97	
Placed in Service	January 2022	
Useful Life	12	
Replacement Year	33-34	
Remaining Life	10	

Water Coolers (Pair) - 2036

1 Lump Sum

@ $2,200.00

Asset ID	1019
CFautrengioturyre Fixtures & Equipment

Asset Actual Cost	$2,200.00
Percent Replacement	100%
Future Cost	$3,440.70

Placed in Service	January 2022	
Useful Life	15	
Replacement Year	36-37	
Remaining Life	13	

Asset ID	1026	Asset Actual Cost	$3,200.00	
		Percent Replacement	100%	
Category	HVAC	Future Cost	$4,513.92	
Placed in Service	January 2022			
Useful Life	12			
Replacement Year	33-34			
Remaining Life	10			

Heat Pump - Clubhouse (2 ton) - 2033

1 Each

@ $3,200.00

Concrete Pavers - Pool Deck - 2056

		3,842 Square Feet	@ $8.40	
Asset ID	1040	Asset Actual Cost	$32,272.80	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$100,431.09	
Placed in Service	January 2022			
Useful Life	35			
Replacement Year	56-57			
Remaining Life	33			

Pool Filtration Refurbishment Allowance - 2056

	1 Lump Sum	@ $25,000.00	
Asset ID	1032	Asset Actual Cost	$25,000.00	
	Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$77,798.56	
Placed in Service	January 2022		
Useful Life	35		
Replacement Year	56-57		
Remaining Life	33		

Pool Lift - 2041		1 Each	@ $8,200.00	
Asset ID	1033	Asset Actual Cost	$8,200.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$15,231.41	
Placed in Service	January 2022			
Useful Life	20			
Replacement Year	41-42			
Remaining Life	18			

Pool Resufracing/Tile - 2033

5,821 Square Feet

@ $32.00

Asset ID	1030
Category	Swimming Pool
Placed in Service	January 2022
Useful Life	12
Replacement Year	33-34
Remaining Life	10

Asset Actual Cost	$186,272.00
Percent Replacement		100% Future Cost	$262,755.05

Shade Structure - Pool - 2046

4 Each	@ $11,000.00

Asset ID	1028
Category	Swimming Pool
Placed in Service	January 2022
Useful Life	25
Replacement Year	46-47
Remaining Life	23

Asset Actual Cost	$44,000.00
Percent Replacement	100%
Future Cost	$97,069.04

Plastic Play Surface Border - 2041

228 Linear Feet

@ $22.00

Asset ID	1016
Category	Playground
Placed in Service	January 2022
Useful Life	20
Replacement Year	41-42
Remaining Life	18

Asset Actual Cost	$5,016.00
Percent Replacement	100%
Future Cost	$9,317.16

Play Equipment Allowance - 2036

1 Lump Sum	@ $40,000.00

Asset ID	1017
Category	Playground
Placed in Service	January 2022
Useful Life	15
Replacement Year	36-37
Remaining Life	13

Asset Actual Cost	$40,000.00
Percent Replacement	100%
Future Cost	$62,558.24

 		

Single Post Swings - Three Bay - 2036

	1 Lump Sum	@ $8,900.00	
Asset ID	1018	Asset Actual Cost	$8,900.00	
		Percent Replacement	100%	
Category	Playground	Future Cost	$13,919.21	
Placed in Service	January 2022			
Useful Life	15			
Replacement Year	36-37			
Remaining Life	13			

Concrete Walk Repair

Asset ID	1049
Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Exhaust Fans

Asset ID	1050

Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Irrigation Repair

Asset ID	1052
Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Landscape Replacement

Asset ID	1051
Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Monument Sign Refurbishment

Asset ID	1035
Category	Operating Expense Placed in Service		January 2022

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Filtration Partial Replacement

Asset ID	1047

Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

 

Pool Furniture Partial Replacement

Asset ID	1046
Category	Operating Expense Placed in Service		January 2022

No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Shade Structure Fabic - Pool

Asset ID	1029
Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Street Signs

Asset ID	1057
Category	Operating Expense Placed in Service		January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Building Foundation/Frame

Asset ID	1042
CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Concrete Pavers - Play Area

Asset ID	1041
CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Pool Shell

Asset ID	1043
CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Site Utilities

Asset ID	1044
CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Stormwater Pond Dredging

Asset ID	1053

CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Stormwater Pond Pipe/Structures

Asset ID	1054
CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Stormwater System Evaluation

Asset ID	1055

CategoCryomponents Not Included Placed in Service	January 2022
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Utility Lines To/Inside Building

Asset ID	1045
CategoCryomponents Not Included Placed in Service	January 2022
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.