sample hoa - quickreserves2011 $12,700 $67,045 18.9% weak $42,720 $0 $164 $2,700 2012 $52,884...

Sample HOA

Published on: October 04, 2010FY starting: January 01, 2011Expires on: December 31, 2011

AM# CA-0000015

Published 10/04/2010Expires 12/31/2011

© 2010 QuickReserves Reserve Study for Primo View

for the FY starting: January 01, 2011

expires: December 31, 2011

Sample HOA

5511 View St.Calabasas, CA 91302

# Units: 22Year Constructed/Established: 2010

Association Type: Condominium

Reserve Contribution: $3,560.00/moPer Unit: $161.82/mo

Projected Reserve Balance: $12,700Fully-Funded Reserve Balance: $67,045

Reserves% Funded: 18.9%

This Reserve Study...Was based on a diligent, visual site inspection (after 4/1/2010)? Yes NoX

Satisfies the 4-Part Test for Reserve Component identification by Yes NoXincluding components:

- that are the maintenance responsibility of the association?- with limited Useful Lives?- with predictable Remaining Useful Lives?- above a minimum threshold replacement cost?

Is free of Special Assessments? Yes NoXIf not, Current Fiscal Year: $0 $0/Unit (average)

30-yr total: $0 $0/Unit (average)

Uses a Component List and Funding plan provided by an Yes NoXIndependent, credentialed (RS or PRA) Reserve Professional?

Was reviewed by a boardmember? Yes NoX

Preparer: Mr. Robert Shark | Board of Directors | Vice-PresidentAssistant: Mr. Wernher Von Braun | Enterprise Flight Services, Inc. | PresidentReviewer: Ms. Becca Atkinson | Vice-President | Board of Directors

This Reserve Study was prepared by a representative of this Association-governed community using QuickReserves.com. The Association is the primarybeneficiary of the sale of this report. It contains data, information, and assumptions provided by the Preparer which have not been independently verified.QuickReserves warrants the accuracy of the calculations, not the accuracy of the underlying data provided. A Reserve Study is by nature a prediction offuture events, based on assumptions and estimates of the Preparer at the time of publication. This report expires on the date indicated and should beupdated annually. The Reserve Study should not be used as a substitute for any kind of specific, professional advice where needed.

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Fiscal Year Beginning: 01/01/2011 Interest: 0.5 % Inflation: 3 %

AM# CA-0000015



Year

StartingReserveBalance

FullyFundedBalance

PercentFunded

Rating

AnnualReserve

Contribs.

Loans orSpecialAssmts

InterestIncome

ProjectedReserve

Expenses

2011 $12,700 $67,045 18.9% Weak $42,720 $0 $164 $2,700

2012 $52,884 $98,872 53.5% Fair $44,002 $0 $360 $6,180

2013 $91,065 $129,048 70.6% Strong $45,322 $0 $570 $0

2014 $136,957 $167,501 81.8% Strong $46,681 $0 $796 $2,841

2015 $181,593 $205,220 88.5% Strong $48,082 $0 $1,023 $3,039

2016 $227,659 $244,934 92.9% Strong $49,524 $0 $1,265 $0

2017 $278,448 $290,071 96.0% Strong $51,010 $0 $1,505 $7,164

2018 $323,799 $330,316 98.0% Strong $52,540 $0 $1,754 $0

2019 $378,094 $380,316 99.4% Strong $54,116 $0 $2,014 $6,714

2020 $427,510 $426,103 100.3% Strong $55,740 $0 $2,282 $0

2021 $485,532 $481,418 100.9% Strong $57,412 $0 $2,577 $0

2022 $545,521 $539,668 101.1% Strong $59,422 $0 $2,862 $8,305

2023 $599,499 $592,425 101.2% Strong $61,501 $0 $3,149 $3,850

2024 $660,300 $652,708 101.2% Strong $63,654 $0 $3,453 $6,094

2025 $721,312 $713,882 101.0% Strong $65,882 $0 $3,780 $0

2026 $790,974 $784,604 100.8% Strong $68,188 $0 $4,135 $0

2027 $863,297 $858,927 100.5% Strong $70,574 $0 $4,468 $13,961

2028 $924,378 $922,624 100.2% Strong $73,044 $0 $4,816 $0

2029 $1,002,238 $1,004,180 99.8% Strong $75,601 $0 $5,092 $47,753

2030 $1,035,178 $1,040,614 99.5% Strong $78,247 $0 $5,384 $0

2031 $1,118,808 $1,128,991 99.1% Strong $80,985 $0 $5,798 $4,877

2032 $1,200,715 $1,216,712 98.7% Strong $83,820 $0 $6,199 $11,162

2033 $1,279,572 $1,302,356 98.3% Strong $86,754 $0 $6,630 $0

2034 $1,372,956 $1,403,886 97.8% Strong $89,790 $0 $5,891 $484,713

2035 $983,924 $1,011,081 97.3% Strong $92,933 $0 $5,150 $5,489

2036 $1,076,518 $1,102,023 97.7% Strong $96,185 $0 $5,636 $0

2037 $1,178,340 $1,203,335 97.9% Strong $99,552 $0 $6,122 $12,940

2038 $1,271,074 $1,296,405 98.0% Strong $103,036 $0 $6,628 $0

2039 $1,380,738 $1,407,705 98.1% Strong $106,642 $0 $4,025 $1,261,907

2040 $229,499 $224,752 102.1% Strong $110,375 $0 $1,427 $0

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AM# CA-0000015



#

Component

Quantity

Useful

Life

Rem.Useful

Life

Current Cost

1 Asphalt - Resurface Approx 16,200 Sq Ft 20 18 $20,250

2 Asphalt - Seal/Repair Approx 16,200 Sq Ft 4 0 $2,700

3 Concrete Swales - 20% Repair Approx 3050 Sq Ft 20 18 $5,200

4 Vinyl Railing - Replace Approx 1920 Linear Ft 30 28 $98,500

5 Wood Surfaces - Repaint Minimal total Sq Ft 5 3 $2,600

6 Vinyl Siding - Replace Approx 57,800 Sq Ft 30 28 $361,500

7 Shingle Roof - Replace Approx 36,300 Sq Ft 25 23 $199,500

8 Metal Seam Roof - Replace Approx 6050 Sq Ft 30 28 $84,700

9 Gutters/Downspouts - Repair Extensive Linear Ft 25 23 $22,000

10 Signage - Replace (1) Molded sign 15 13 $1,550

11 Fountain Equipment - Replace (1) Fountain Pump 5 1 $6,000

12 Pond Bed - Maintain (1) Small Pond 25 23 $21,500

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AM# CA-0000015



#

Component

Useful

Life

Rem.Useful

Life

Current Cost

FullyFundedBalance

CurrentFund

Balance

Reserve

Contributions

1 Asphalt - Resurface 20 18 $20,250 $2,025 $2,025 $113.90

2 Asphalt - Seal/Repair 4 0 $2,700 $2,700 $2,700 $75.93

3 Concrete Swales - 20% Repair 20 18 $5,200 $520 $520 $29.25

4 Vinyl Railing - Replace 30 28 $98,500 $6,567 $0 $369.34

5 Wood Surfaces - Repaint 5 3 $2,600 $1,040 $1,040 $58.49

6 Vinyl Siding - Replace 30 28 $361,500 $24,100 $0 $1,355.49

7 Shingle Roof - Replace 25 23 $199,500 $15,960 $1,408 $897.66

8 Metal Seam Roof - Replace 30 28 $84,700 $5,647 $0 $317.59

9 Gutters/Downspouts - Repair 25 23 $22,000 $1,760 $0 $98.99

10 Signage - Replace 15 13 $1,550 $207 $207 $11.62

11 Fountain Equipment - Replace 5 1 $6,000 $4,800 $4,800 $134.99

12 Pond Bed - Maintain 25 23 $21,500 $1,720 $0 $96.74

12 Total Funded Components $67,045 $12,700 $3,560

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AM# CA-0000015



Fiscal Year 2011 2012 2013 2014 2015

Starting Reserve Balance $12,700 $52,884 $91,065 $136,957 $181,593

Annual Reserve Contribution $42,720 $44,002 $45,322 $46,681 $48,082

Planned Special Assessments $0 $0 $0 $0 $0

Interest Earnings $164 $360 $570 $796 $1,023

Total Income $55,584 $97,246 $136,957 $184,434 $230,698

# Component

1 Asphalt - Resurface $0 $0 $0 $0 $0

2 Asphalt - Seal/Repair $2,700 $0 $0 $0 $3,039

3 Concrete Swales - 20% Repair $0 $0 $0 $0 $0

4 Vinyl Railing - Replace $0 $0 $0 $0 $0

5 Wood Surfaces - Repaint $0 $0 $0 $2,841 $0

6 Vinyl Siding - Replace $0 $0 $0 $0 $0

7 Shingle Roof - Replace $0 $0 $0 $0 $0

8 Metal Seam Roof - Replace $0 $0 $0 $0 $0

9 Gutters/Downspouts - Repair $0 $0 $0 $0 $0

10 Signage - Replace $0 $0 $0 $0 $0

11 Fountain Equipment - Replace $0 $6,180 $0 $0 $0

12 Pond Bed - Maintain $0 $0 $0 $0 $0

Total Expenses $2,700 $6,180 $0 $2,841 $3,039

Ending Reserve Balance $52,884 $91,065 $136,957 $181,593 $227,659

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AM# CA-0000015



Fiscal Year 2016 2017 2018 2019 2020




Interest Earnings $1,265 $1,505 $1,754 $2,014 $2,282

Total Income $278,448 $330,963 $378,093 $434,224 $485,532

# Component


2 Asphalt - Seal/Repair $0 $0 $0 $3,420 $0











Total Expenses $0 $7,164 $0 $6,714 $0


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AM# CA-0000015



Fiscal Year 2021 2022 2023 2024 2025





Total Income $545,521 $607,805 $664,149 $727,407 $790,974

# Component


2 Asphalt - Seal/Repair $0 $0 $3,850 $0 $0








10 Signage - Replace $0 $0 $0 $2,276 $0



Total Expenses $0 $8,305 $3,850 $6,094 $0


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AM# CA-0000015



Fiscal Year 2026 2027 2028 2029 2030

Starting Reserve Balance $790,974 $863,297 $924,378 $1,002,238 $1,035,178




Total Income $863,297 $938,339 $1,002,238 $1,082,931 $1,118,809

# Component

1 Asphalt - Resurface $0 $0 $0 $34,474 $0

2 Asphalt - Seal/Repair $0 $4,333 $0 $0 $0

3 Concrete Swales - 20% Repair $0 $0 $0 $8,853 $0










Total Expenses $0 $13,961 $0 $47,753 $0

Ending Reserve Balance $863,297 $924,378 $1,002,238 $1,035,178 $1,118,808

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AM# CA-0000015



Fiscal Year 2031 2032 2033 2034 2035

Starting Reserve Balance $1,118,808 $1,200,715 $1,279,572 $1,372,956 $983,924




Total Income $1,205,591 $1,290,734 $1,372,956 $1,468,637 $1,082,007

# Component


2 Asphalt - Seal/Repair $4,877 $0 $0 $0 $5,489





7 Shingle Roof - Replace $0 $0 $0 $393,731 $0


9 Gutters/Downspouts - Repair $0 $0 $0 $43,419 $0



12 Pond Bed - Maintain $0 $0 $0 $42,432 $0

Total Expenses $4,877 $11,162 $0 $484,713 $5,489

Ending Reserve Balance $1,200,715 $1,279,572 $1,372,956 $983,924 $1,076,518

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AM# CA-0000015



Fiscal Year 2036 2037 2038 2039 2040

Starting Reserve Balance $1,076,518 $1,178,340 $1,271,074 $1,380,738 $229,499




Total Income $1,178,339 $1,284,014 $1,380,738 $1,491,405 $341,301

# Component


2 Asphalt - Seal/Repair $0 $0 $0 $6,177 $0


4 Vinyl Railing - Replace $0 $0 $0 $225,361 $0


6 Vinyl Siding - Replace $0 $0 $0 $827,086 $0


8 Metal Seam Roof - Replace $0 $0 $0 $193,787 $0


10 Signage - Replace $0 $0 $0 $3,546 $0



Total Expenses $0 $12,940 $0 $1,261,906 $0

Ending Reserve Balance $1,178,340 $1,271,074 $1,380,738 $229,499 $341,300

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sample hoa - quickreserves2011 $12,700 $67,045 18.9% weak $42,720 $0 $164 $2,700 2012 $52,884...

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