Full Reserve Study Deer Run CDD Bunnell, Florida
Prepared for FY 2025 Report Date: March 13, 2025

March 13, 2025

Board of Supervisors
Governmental Management Services 475 West Town Place, Suite 114
St. Augustine Florida 32090
Re: Reserve Study Report for Deer Run CDD Dear Supervisors:
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

TABLE OF CONTENTS

EXECUTIVE SUMMARY
Funding Model Summary	1-1
Funding Model Projection	1-2
CURRENT FUNDING PLAN - NOT USED
CASH FLOW
Income & Expense Spreadsheet	3-1
EXPENDITURE DETAIL
Annual Expenditure Detail	4-1
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

Cash Flow Funding Plan Summary of Calculations

Bunnell, Florida
Funding Model Summary

Report Date Account Number Version
Budget Year Beginning Budget Year Ending

March 13, 2025
2143
2
October 1, 2025
September 30, 2026

Report Parameters

Inflation
Annual Assessment Increase Interest Rate on Reserve Deposit

3.00%
3.00%
3.00%

2025 Beginning Balance

$250,000

GENERAL INFORMATION
Date of Completion:	January 1, 2019
Date of site visit:	January 27, 2025
Components Included:	41
Current replacement cost:	$1,503,278
Level of Service:	Level I Reserve Study
Funding Method:	The Cash Flow Method
Funding Goal:	Adequate funding with moderate contributions

NOTES
Recommended contribution for FY 2025/2026 have an increase to provide adequate funding.
Version V2 corrects issue date.

Required Annual Contribution	$59,533.67	
Average Net Annual Interest Earned	 $9,286.01	
Total Annual Allocation to Reserves	$68,819.68	

Funding Model Projection

Beginning Balance: $250,000
Projected
Year	Current Cost	Annual Contribution	Annual Interest	Annual Expenditures	Ending Reserves	
25-26	1,503,278	59,534	9,286		318,820	
26-27	1,548,376	61,320	9,977	47,581	342,535	
27-28	1,594,827	63,159	12,171		417,865	
28-29	1,642,672	65,054	14,362	4,196	493,084	
29-30	1,691,952	67,006	16,479	10,805	565,764	
30-31	1,742,711	69,016	18,312	24,391	628,700	
31-32	1,794,992	71,086	20,623	12,347	708,063	
32-33	1,848,842	73,219	23,438		804,720	
33-34	1,904,307	75,415	25,824	19,339	886,621	
34-35	1,961,436	77,678	27,525	46,783	945,041	
35-36	2,020,279	80,008	30,751		1,055,801	
36-37	2,080,888	82,409	33,557	19,628	1,152,139	
37-38	2,143,314	84,881	37,111		1,274,130	
38-39	2,207,614	87,427	10,570	1,009,216	362,911	
39-40	2,273,842	90,050	13,589		466,550	
40-41	2,342,057	92,752	16,600	5,983	569,918	
41-42	2,412,319	95,534	17,800	72,116	611,137	
42-43	2,484,689	98,400	18,655	87,693	640,500	
43-44	2,559,229	101,352	20,213	68,097	693,967	
44-45	2,636,006	104,393	17,418	217,768	598,009	
45-46	2,715,087	107,524	21,166		726,700	
46-47	2,796,539	110,750	21,385	124,603	734,233	
47-48	2,880,435	114,073	25,449		873,755	
48-49	2,966,848	117,495	22,529	240,288	773,490	
49-50	3,055,854	121,020	26,835		921,345	
50-51	3,147,529	124,650	17,094	476,208	586,881	
51-52	3,241,955	128,390	20,789	22,299	713,761	
52-53	3,339,214	132,241	25,124	8,530	862,597	
53-54	3,439,390	136,209	10,077	662,904	345,979	
54-55	3,542,572	140,295	13,372	40,533	459,113	

	25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35	
Beginning Balance	250,000	318,820	342,535	417,865	493,084	565,764	628,700	708,063	804,720	886,621	
Annual Assessment	59,534	61,320	63,159	65,054	67,006	69,016	71,086	73,219	75,415	77,678	
Interest Earned	9,286	9,977	12,171	14,362	16,479	18,312	20,623	23,438	25,824	27,525	
Expenditures		47,581		4,196	10,805	24,391	12,347		19,339	46,783	
Ending Balance	318,820	342,535	417,865	493,084	565,764	628,700	708,063	804,720	886,621	945,041	

Description
Site Components											
Concret Pavers - Entries											
Permeable Pavers - Amenity Lot											
Shade Structures/Fabric - Amenity											
Stringers/Deck/Rails -Dock									19,339		
Site Components Total:									19,339		
Street Resurfacing											
Mill/Overlay - Amenity Lot											
Mill/Overlay - Grand Reserve Blvd.											
Mill/Overlay - Grand Reserve Drive											
Mill/Overlay - Grand Reserve Parkway											
Street Resurfacing Total:											
Fencing/Gates/Access Control											
Aluminum Fence - Entry											
Aluminum Fence - Pool											
Aluminum Rails - Open Patios											
Fencing/Gates/Access Control Total:											
Landscape/Irrigation											
Irrigation Pump System											
Landscape/Irrigation Total:											
Site Lighting											
Light Pole Heads - Pool											
Light Pole Heads - Sport Courts											
Light Poles Fixtures- Parking Lot											
Site Lighting Total:											

25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description
Building Components		
Flooring Allowance - Fitness Room
Refurbishment Allowance - Clubhouse Interior			4,452		
Refurbishment Allowance - Open Patios
Refurbishment Allowance - Pool Locker Rooms					
Window/Door Allowance					
Building Components Total:			4,452		
Roofing					
Asphalt Shingles
Metal Roof - Amenity					
Metal Roof - Entry Features					
Roofing Total:					
Painting					
Misc. Repair/Paint - Amenity	19,936			25,255	
Misc. Repair/Paint - Entry Features	16,995			21,529	
Painting Total:	36,931			46,783	
HVAC					
Heat Pump 1 - Clubhouse			7,419		
Heat Pump 2 - Clubhouse			3,710		
Heat Pump 3 - Clubhouse		5,402			
Heat Pump 4 - Clubhouse		5,402			
HVAC Total:		10,805	11,129		
Elevators					
Cab Refurbishment Allowance
Equipment Modernization					
Elevators Total:					
Life Safety Components					
Fire Alarm Panel/Devices					
Life Safety Components Total:					

25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description

Fitness Equipment Allowance Furniture Allowance - Clubhouse

Furniture Fixtures Equip.
Furniture Allowance - Pool/Patios
Gas Grills	8,810
Furniture Fixtures Equip. Total:	8,810
Swimming Pool

Filtration Refurbish Allowance Pool Resurfacing/Tile

Swimming Pool Total:
Pickleball Courts

Court Replacement
Court Resurfacing (color coat)

10,650

12,347

Pickleball Courts Total:	10,650	12,347
Bocce Ball Courts

Carpet/Lane Repair - Bocce Ball Courts	4,196

Bocce Ball Courts Total:	4,196

Fire Pit Repair Irrigation System Repair Landscape Replacement
Pool Filtration Partial Replacement Pool Furniture Partial Replacement Sidewalk Repair
Steel Stair Repair

Maintained By Others Cluster Mailboxes Stormwater System
Streets Not Owned By CDD Water/Sewer System

Operating Expense

25-26	26-27	27-28	28-29	29-30	30-31	31-32	32-33	33-34	34-35
Description

Building Foundations/Frames Dock Pilings
Electrical Panels/Wiring/Devices Fire Sprinkler Pipe/Devices

Plumbing Pipes/Valves

Long Life Components

Year Total:	47,581	4,196	10,805	24,391	12,347	19,339	46,783

	35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45	
Beginning Balance	945,041	1,055,801	1,152,139	1,274,130	362,911	466,550	569,918	611,137	640,500	693,967	
Annual Assessment	80,008	82,409	84,881	87,427	90,050	92,752	95,534	98,400	101,352	104,393	
Interest Earned	30,751	33,557	37,111	10,570	13,589	16,600	17,800	18,655	20,213	17,418	
Expenditures		19,628		1,009,216		5,983	72,116	87,693	68,097	217,768	
Ending Balance	1,055,801	1,152,139	1,274,130	362,911	466,550	569,918	611,137	640,500	693,967	598,009	

Description
Site Components											
Concret Pavers - Entries				34,721							
Permeable Pavers - Amenity Lot											
Shade Structures/Fabric - Amenity											
Stringers/Deck/Rails -Dock											
Site Components Total:				34,721							
Street Resurfacing											
Mill/Overlay - Amenity Lot				64,701							
Mill/Overlay - Grand Reserve Blvd.				343,237							
Mill/Overlay - Grand Reserve Drive				89,538							
Mill/Overlay - Grand Reserve Parkway				68,615							
Street Resurfacing Total:				566,090							
Fencing/Gates/Access Control											
Aluminum Fence - Entry											
Aluminum Fence - Pool											
Aluminum Rails - Open Patios											
Fencing/Gates/Access Control Total:											
Landscape/Irrigation											
Irrigation Pump System										148,189	
Landscape/Irrigation Total:										148,189	
Site Lighting											
Light Pole Heads - Pool											
Light Pole Heads - Sport Courts											
Light Poles Fixtures- Parking Lot											
Site Lighting Total:											

35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description
Building Components		
Flooring Allowance - Fitness Room
Refurbishment Allowance - Clubhouse Interior		5,983					
Refurbishment Allowance - Open Patios
Refurbishment Allowance - Pool Locker Rooms	58,741					
62,846	
Window/Door Allowance							
Building Components Total:	58,741	5,983				62,846	
Roofing							
Asphalt Shingles
Metal Roof - Amenity	46,053						
Metal Roof - Entry Features							
Roofing Total:	46,053						
Painting							
Misc. Repair/Paint - Amenity				31,992			
Misc. Repair/Paint - Entry Features				27,272			
Painting Total:				59,264			
HVAC							
Heat Pump 1 - Clubhouse				10,578			
Heat Pump 2 - Clubhouse				5,289			
Heat Pump 3 - Clubhouse			7,703				
Heat Pump 4 - Clubhouse			7,703				
HVAC Total:			15,405	15,867			
Elevators							
Cab Refurbishment Allowance
Equipment Modernization					17,024		
Elevators Total:					17,024		
Life Safety Components							
Fire Alarm Panel/Devices	20,559						
Life Safety Components Total:	20,559						

35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description

Fitness Equipment Allowance Furniture Allowance - Clubhouse

51,073

7,343

Furniture Fixtures Equip.

Furniture Allowance - Pool/Patios	40,118
Gas Grills	12,562
Furniture Fixtures Equip. Total:	7,343	40,118	12,562	51,073
Swimming Pool

Filtration Refurbish Allowance Pool Resurfacing/Tile

275,708

Swimming Pool Total:	275,708
Pickleball Courts

Court Replacement
Court Resurfacing (color coat)

14,313

16,593

Pickleball Courts Total:	14,313	16,593
Bocce Ball Courts

Carpet/Lane Repair - Bocce Ball Courts	5,315	6,733

Bocce Ball Courts Total:	5,315	6,733

Fire Pit Repair Irrigation System Repair Landscape Replacement
Pool Filtration Partial Replacement Pool Furniture Partial Replacement Sidewalk Repair
Steel Stair Repair

Maintained By Others Cluster Mailboxes Stormwater System
Streets Not Owned By CDD Water/Sewer System

Operating Expense

35-36	36-37	37-38	38-39	39-40	40-41	41-42	42-43	43-44	44-45
Description

Building Foundations/Frames Dock Pilings
Electrical Panels/Wiring/Devices Fire Sprinkler Pipe/Devices

Plumbing Pipes/Valves

Long Life Components

Year Total:	19,628	1,009,216	5,983	72,116	87,693	68,097	217,768

	45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55	
Beginning Balance	598,009	726,700	734,233	873,755	773,490	921,345	586,881	713,761	862,597	345,979	
Annual Assessment	107,524	110,750	114,073	117,495	121,020	124,650	128,390	132,241	136,209	140,295	
Interest Earned	21,166	21,385	25,449	22,529	26,835	17,094	20,789	25,124	10,077	13,372	
Expenditures		124,603		240,288		476,208	22,299	8,530	662,904	40,533	
Ending Balance	726,700	734,233	873,755	773,490	921,345	586,881	713,761	862,597	345,979	459,113	

Description
Site Components											
Concret Pavers - Entries											
Permeable Pavers - Amenity Lot											
Shade Structures/Fabric - Amenity				94,732							
Stringers/Deck/Rails -Dock									34,928		
Site Components Total:				94,732					34,928		
Street Resurfacing											
Mill/Overlay - Amenity Lot											
Mill/Overlay - Grand Reserve Blvd.											
Mill/Overlay - Grand Reserve Drive											
Mill/Overlay - Grand Reserve Parkway											
Street Resurfacing Total:											
Fencing/Gates/Access Control											
Aluminum Fence - Entry				3,695							
Aluminum Fence - Pool				45,156							
Aluminum Rails - Open Patios				17,368							
Fencing/Gates/Access Control Total:				66,218							
Landscape/Irrigation											
Irrigation Pump System											
Landscape/Irrigation Total:											
Site Lighting											
Light Pole Heads - Pool				22,104							
Light Pole Heads - Sport Courts				22,104							
Light Poles Fixtures- Parking Lot				25,262							
Site Lighting Total:				69,470							

45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description
Building Components		
Flooring Allowance - Fitness Room
Refurbishment Allowance - Clubhouse Interior	
105,367	8,040			
Refurbishment Allowance - Open Patios
Refurbishment Allowance - Pool Locker Rooms					
Window/Door Allowance					
Building Components Total:	105,367	8,040			
Roofing					
Asphalt Shingles
Metal Roof - Amenity			
45,425		
Metal Roof - Entry Features			57,244		
Roofing Total:			102,668		
Painting					
Misc. Repair/Paint - Amenity		40,526			
Misc. Repair/Paint - Entry Features		34,547			
Painting Total:		75,074			
HVAC					
Heat Pump 1 - Clubhouse				15,082	
Heat Pump 2 - Clubhouse				7,541	
Heat Pump 3 - Clubhouse			10,982		
Heat Pump 4 - Clubhouse			10,982		
HVAC Total:			21,964	22,623	
Elevators					
Cab Refurbishment Allowance
Equipment Modernization			
73,214		
Elevators Total:			73,214		
Life Safety Components					
Fire Alarm Panel/Devices					
Life Safety Components Total:					

45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description

Fitness Equipment Allowance Furniture Allowance - Clubhouse

9,868

Furniture Fixtures Equip.

Furniture Allowance - Pool/Patios
Gas Grills	17,910
Furniture Fixtures Equip. Total:	9,868	17,910
Swimming Pool

Filtration Refurbish Allowance Pool Resurfacing/Tile

45,759

393,094

Swimming Pool Total:	393,094	45,759
Pickleball Courts

Court Replacement
Court Resurfacing (color coat)

384,372

19,235

22,299

Pickleball Courts Total:	19,235	22,299	384,372
Bocce Ball Courts

Carpet/Lane Repair - Bocce Ball Courts	8,530

Bocce Ball Courts Total:	8,530

Fire Pit Repair Irrigation System Repair Landscape Replacement
Pool Filtration Partial Replacement Pool Furniture Partial Replacement Sidewalk Repair
Steel Stair Repair

Maintained By Others Cluster Mailboxes Stormwater System
Streets Not Owned By CDD Water/Sewer System

Operating Expense

45-46	46-47	47-48	48-49	49-50	50-51	51-52	52-53	53-54	54-55
Description

Building Foundations/Frames Dock Pilings
Electrical Panels/Wiring/Devices Fire Sprinkler Pipe/Devices

Plumbing Pipes/Valves

Long Life Components

Year Total:	124,603	240,288	476,208	22,299	8,530	662,904	40,533

Description	Expenditures

No Replacement in 25-26

Replacement Year 26-27 Painting
Misc. Repair/Paint - Amenity	19,936
Misc. Repair/Paint - Entry Features	16,995
Pickleball Courts
Court Resurfacing (color coat)	10,650
Total for 2026 - 2027	$47,581

No Replacement in 27-28

Replacement Year 28-29 Bocce Ball Courts
Carpet/Lane Repair - Bocce Ball Courts	4,196
Total for 2028 - 2029	$4,196

Replacement Year 29-30 HVAC
Heat Pump 3 - Clubhouse	5,402
Heat Pump 4 - Clubhouse	5,402
Total for 2029 - 2030	$10,805

Replacement Year 30-31 Building Components
Flooring Allowance - Fitness Room	4,452
HVAC
Heat Pump 1 - Clubhouse	7,419
Heat Pump 2 - Clubhouse	3,710
Furniture Fixtures Equip.
Gas Grills	8,810	
Total for 2030 - 2031	$24,391	
Replacement Year 31-32		
Pickleball Courts
Court Resurfacing (color coat)	
12,347	
Total for 2031 - 2032	$12,347	

Description	Expenditures	
No Replacement in 32-33		
Replacement Year 33-34		
Site Components		
Stringers/Deck/Rails -Dock	19,339	
Total for 2033 - 2034	
$19,339	
Replacement Year 34-35		
Painting		
Misc. Repair/Paint - Amenity	25,255	
Misc. Repair/Paint - Entry Features	21,529	
Total for 2034 - 2035	
$46,783	
No Replacement in 35-36		
Replacement Year 36-37		
Pickleball Courts		
Court Resurfacing (color coat)	14,313	
Bocce Ball Courts	
Carpet/Lane Repair - Bocce Ball Courts	5,315	
Total for 2036 - 2037	$19,628	
No Replacement in 37-38		
Replacement Year 38-39		
Site Components		
Concret Pavers - Entries	34,721	
Street Resurfacing	
Mill/Overlay - Amenity Lot	64,701	
Mill/Overlay - Grand Reserve Blvd.	343,237	
Mill/Overlay - Grand Reserve Drive	89,538	
Mill/Overlay - Grand Reserve Parkway	68,615	
Building Components
Refurbishment Allowance - Open Patios	58,741
Roofing
Asphalt Shingles	46,053

Description	Expenditures

Replacement Year 38-39 continued...
Life Safety Components
Fire Alarm Panel/Devices	20,559
Furniture Fixtures Equip.
Furniture Allowance - Clubhouse	7,343
Swimming Pool
Pool Resurfacing/Tile	275,708
Total for 2038 - 2039	$1,009,216

No Replacement in 39-40

Replacement Year 40-41 Building Components
Flooring Allowance - Fitness Room	5,983
Total for 2040 - 2041	$5,983

Replacement Year 41-42 HVAC
Heat Pump 3 - Clubhouse	7,703
Heat Pump 4 - Clubhouse	7,703
Furniture Fixtures Equip.
Furniture Allowance - Pool/Patios	40,118
Pickleball Courts
Court Resurfacing (color coat)	16,593	
Total for 2041 - 2042	$72,116	
Replacement Year 42-43		
Painting
Misc. Repair/Paint - Amenity	
31,992	
Misc. Repair/Paint - Entry Features	27,272	
HVAC
Heat Pump 1 - Clubhouse	10,578
Heat Pump 2 - Clubhouse	5,289
Furniture Fixtures Equip.
Gas Grills	12,562
Total for 2042 - 2043	$87,693

Description	Expenditures

Replacement Year 43-44 Elevators
Cab Refurbishment Allowance	17,024
Furniture Fixtures Equip.
Fitness Equipment Allowance	51,073
Total for 2043 - 2044	$68,097

Replacement Year 44-45 Landscape/Irrigation
Irrigation Pump System	148,189
Building Components
Refurbishment Allowance - Pool Locker Rooms	62,846
Bocce Ball Courts
Carpet/Lane Repair - Bocce Ball Courts	6,733	
Total for 2044 - 2045	$217,768	
No Replacement in 45-46		
Replacement Year 46-47		
Building Components		
Refurbishment Allowance - Clubhouse Interior	105,367	
Pickleball Courts	
Court Resurfacing (color coat)	19,235	
Total for 2046 - 2047	$124,603	
No Replacement in 47-48		
Replacement Year 48-49		
Site Components		
Shade Structures/Fabric - Amenity	94,732	
Fencing/Gates/Access Control		
Aluminum Fence - Entry	3,695	
Aluminum Fence - Pool	45,156	
Aluminum Rails - Open Patios	17,368	

Description	Expenditures	
Replacement Year 48-49 continued...		
Site Lighting		
Light Pole Heads - Pool	22,104	
Light Pole Heads - Sport Courts	22,104	
Light Poles Fixtures- Parking Lot	25,262	
Furniture Fixtures Equip.	
Furniture Allowance - Clubhouse	9,868	
Total for 2048 - 2049	$240,288	
No Replacement in 49-50		
Replacement Year 50-51		
Building Components		
Flooring Allowance - Fitness Room	8,040	
Painting
Misc. Repair/Paint - Amenity	40,526
Misc. Repair/Paint - Entry Features	34,547
Swimming Pool
Pool Resurfacing/Tile	393,094	
Total for 2050 - 2051	$476,208	
Replacement Year 51-52		
Pickleball Courts
Court Resurfacing (color coat)	
22,299	
Total for 2051 - 2052	
$22,299	
Replacement Year 52-53		
Bocce Ball Courts
Carpet/Lane Repair - Bocce Ball Courts	
8,530	
Total for 2052 - 2053	
$8,530	
Replacement Year 53-54		
Site Components
Stringers/Deck/Rails -Dock	
34,928	

Description	Expenditures

Replacement Year 53-54 continued...
Roofing
Metal Roof - Amenity	45,425
Metal Roof - Entry Features	57,244
HVAC
Heat Pump 3 - Clubhouse	10,982
Heat Pump 4 - Clubhouse	10,982
Elevators
Equipment Modernization	73,214
Swimming Pool
Filtration Refurbish Allowance	45,759
Pickleball Courts
Court Replacement	384,372	
Total for 2053 - 2054	$662,904	
Replacement Year 54-55		
HVAC
Heat Pump 1 - Clubhouse	
15,082	
Heat Pump 2 - Clubhouse	7,541	
Furniture Fixtures Equip.
Gas Grills	17,910
Total for 2054 - 2055	$40,533

Description		
Site Components
Concret Pavers - Entries	2019	
38-39	
20	
0	
13	
2,318 Square Feet	
10.20	
23,644	
Permeable Pavers - Amenity Lot	2019	58-59	40	0	33	2,544 Square Feet	11.20	28,493	
Shade Structures/Fabric - Amenity	2019	48-49	30	0	23	1 Lump Sum	48,000.00	48,000	
Stringers/Deck/Rails -Dock	2019	33-34	20	-5	8	340 Square Feet	44.90	  15,266	
Site Components - Total							$115,402	
Street Resurfacing
Mill/Overlay - Amenity Lot	2019	
38-39	
20	
0	
13	
2,098 Square Yards	
21.00	
44,058	
Mill/Overlay - Grand Reserve Blvd.	2019	38-39	20	0	13	12,566 Square Yards	18.60	233,728	
Mill/Overlay - Grand Reserve Drive	2019	38-39	20	0	13	3,278 Square Yards	18.60	60,971	
Mill/Overlay - Grand Reserve Parkway	2019	38-39	20	0	13	2,512 Square Yards	18.60	  46,723	
Street Resurfacing - Total							$385,480	
Fencing/Gates/Access Control
Aluminum Fence - Entry	2019	
48-49	
30	
0	
23	
36 Linear Feet	
52.00	
1,872	
Aluminum Fence - Pool	2019	48-49	30	0	23	440 Linear Feet	52.00	22,880	
Aluminum Rails - Open Patios	2019	48-49	30	0	23	160 Linear Feet	55.00	  8,800	
Fencing/Gates/Access Control - Total							$33,552	
Landscape/Irrigation
Irrigation Pump System	2024	
44-45	
20	
0	
19	
1 Lump Sum	
84,510.00	
 84,510	
Landscape/Irrigation - Total							$84,510	
Site Lighting
Light Pole Heads - Pool	2019	
48-49	
30	
0	
23	
7 Each	
1,600.00	
11,200	
Light Pole Heads - Sport Courts	2019	48-49	30	0	23	7 Each	1,600.00	11,200	
Light Poles Fixtures- Parking Lot	2019	48-49	30	0	23	8 Each	1,600.00	 12,800	
Site Lighting - Total							$35,200	
Building Components
Flooring Allowance - Fitness Room	2019	
30-31	
10	
2	
5	
80 Square Yards	
48.00	
3,840	
Refurbishment Allowance - Clubhouse Inter.. 2019	46-47	25	3	21	4,720 Square Feet	12.00	56,640	
Refurbishment Allowance - Open Patios	2019	38-39	20	0	13	1 Lump Sum	40,000.00	40,000	
Refurbishment Allowance - Pool Locker Roo..2019	44-45	20	6	19	560 Square Feet	64.00	35,840	
Window/Door Allowance	2019	63-64	45	0	38	1 Lump Sum	68,000.00	  68,000	
Building Components - Total							$204,320	
Roofing
Asphalt Shingles	2019	
38-39	
20	
0	
13	
64 Squares	
490.00	
31,360	
Metal Roof - Amenity	2019	53-54	35	0	28	1,103 Square Feet	18.00	19,854	
Metal Roof - Entry Features	2019	53-54	35	0	28	1,390 Square Feet	18.00	 25,020	
Roofing - Total							$76,234	

Description

Misc. Repair/Paint - Amenity	2019	26-27	8	0	1	9,130 Square Feet	2.12	19,356	
Misc. Repair/Paint - Entry Features	2019	26-27	8	0	1	1 Lump Sum	16,500.00	 16,500	
Painting - Total							$35,856	
HVAC
Heat Pump 1 - Clubhouse	
2019	
30-31	
12	
0	
5	
1 Each	
6,400.00	
6,400	
Heat Pump 2 - Clubhouse	2019	30-31	12	0	5	1 Lump Sum	3,200.00	3,200	
Heat Pump 3 - Clubhouse	2018	29-30	12	0	4	1 Lump Sum	4,800.00	4,800	
Heat Pump 4 - Clubhouse	2018	29-30	12	0	4	1 Each	4,800.00	  4,800	
HVAC - Total								$19,200	
Elevators
Cab Refurbishment Allowance	
2019	
43-44	
20	
5	
18	
1 Lump Sum	
10,000.00	
10,000	
Equipment Modernization	2019	53-54	35	0	28	2 Stops	16,000.00	 32,000	
Elevators - Total								$42,000	
Life Safety Components
Fire Alarm Panel/Devices	
2019	
38-39	
20	
0	
13	
1 Lump Sum	
14,000.00	
 14,000	
Life Safety Components - Total								$14,000	
Furniture Fixtures Equip.
Fitness Equipment Allowance	
2019	
43-44	
20	
5	
18	
1 Lump Sum	
30,000.00	
30,000	
Furniture Allowance - Clubhouse	2019	38-39	10	10	13	1 Lump Sum	5,000.00	5,000	
Furniture Allowance - Pool/Patios	2019	41-42	20	3	16	1 Lump Sum	25,000.00	25,000	
Gas Grills	2019	30-31	12	0	5	2 Each	3,800.00	  7,600	
Furniture Fixtures Equip. - Total								$67,600	
Swimming Pool
Filtration Refurbish Allowance	
2019	
53-54	
35	
0	
28	
1 Lump Sum	
20,000.00	
20,000	
Pool Resurfacing/Tile	2019	38-39	12	8	13	5,867 Square Feet	32.00	 187,744	
Swimming Pool - Total								$207,744	
Pickleball Courts
Court Replacement	
2019	
53-54	
35	
0	
28	
4 Each	
42,000.00	
168,000	
Court Resurfacing (color coat)	2019	26-27	5	3	1	1,100 Square Yards	9.40	  10,340	
Pickleball Courts - Total								$178,340	
Bocce Ball Courts
Carpet/Lane Repair - Bocce Ball Courts	
2019	
28-29	
8	
2	
3	
160 Square Yards	
24.00	
 3,840	
Bocce Ball Courts - Total								$3,840	

Painting

Description		
Operating Expense		
Fire Pit Repair	Operating Expense	0.00	
Irrigation System Repair	Operating Expense	0.00	
Landscape Replacement	Operating Expense	0.00	
Pool Filtration Partial Replacement	Operating Expense	0.00	
Pool Furniture Partial Replacement	Operating Expense	0.00	
Sidewalk Repair	Operating Expense	0.00	
Steel Stair Repair	Operating Expense	0.00	
Operating Expense - Total	
Maintained By Others			
Cluster Mailboxes	Not CDD Responsibility	0.00	
Stormwater System	Not CDD Responsibility	0.00	
Streets Not Owned By CDD	Not CDD Responsibility	0.00	
Water/Sewer System	Not CDD Responsibility	0.00	
Maintained By Others - Total			
Long Life Components			
Building Foundations/Frames	Long Life Component	0.00	
Dock Pilings	Long Life Component	0.00	
Electrical Panels/Wiring/Devices	Long Life Component	0.00	
Fire Sprinkler Pipe/Devices	Long Life Component	0.00	
Plumbing Pipes/Valves	Long Life Component	0.00	
Long Life Components - Total			

Total Asset Summary	$1,503,278

Asset ID Description	Replacement	Page

Site Components	
1028	Concret Pavers - Entries	38-39	5-7	
1022	Permeable Pavers - Amenity Lot	58-59	5-7	
1013	Shade Structures/Fabric - Amenity	48-49	5-8	
1021	Stringers/Deck/Rails -Dock	33-34	5-8	

Street Resurfacing	
1001	Mill/Overlay - Amenity Lot	38-39	5-9	
1026	Mill/Overlay - Grand Reserve Blvd.	38-39	5-9	
1002	Mill/Overlay - Grand Reserve Drive	38-39	5-9	
1027	Mill/Overlay - Grand Reserve Parkway	38-39	5-10	

Fencing/Gates/Access Control	
1004	Aluminum Fence - Entry	48-49	5-11	
1014	Aluminum Fence - Pool	48-49	5-11	
1007	Aluminum Rails - Open Patios	48-49	5-12	

Landscape/Irrigation	
1055	Irrigation Pump System	44-45	5-13	

Site Lighting	
1036	Light Pole Heads - Pool	48-49	5-14	
1037	Light Pole Heads - Sport Courts	48-49	5-14	
1041	Light Poles Fixtures- Parking Lot	48-49	5-15	

Building Components	
1033	Flooring Allowance - Fitness Room	30-31	5-16	
1031	Refurbishment Allowance - Clubhouse Interior	46-47	5-16	
1039	Refurbishment Allowance - Open Patios	38-39	5-17	
1030	Refurbishment Allowance - Pool Locker Rooms	44-45	5-18	
1029	Window/Door Allowance	63-64	5-18	
Roofing				
1008	Asphalt Shingles	38-39	5-19	
1009	Metal Roof - Amenity	53-54	5-19	
1005	Metal Roof - Entry Features	53-54	5-20	

Painting
1006	

Misc. Repair/Paint - Amenity	

26-27	

5-21	

Asset ID	Description	Replacement	Page	
Painting	Continued...			
1003	Misc. Repair/Paint - Entry Features	26-27	5-21	
HVAC				
1042	Heat Pump 1 - Clubhouse	30-31	5-22	
1043	Heat Pump 2 - Clubhouse	30-31	5-22	
1045	Heat Pump 3 - Clubhouse	29-30	5-22	
1044	Heat Pump 4 - Clubhouse	29-30	5-22	

Elevators	
1020	Cab Refurbishment Allowance	43-44	5-23	
1019	Equipment Modernization	53-54	5-23	

Life Safety Components	
1054	Fire Alarm Panel/Devices	38-39	5-24	

Furniture Fixtures Equip.	
1032	Fitness Equipment Allowance	43-44	5-25	
1034	Furniture Allowance - Clubhouse	38-39	5-25	
1035	Furniture Allowance - Pool/Patios	41-42	5-26	
1038	Gas Grills	30-31	5-27	

Swimming Pool	
1016	Filtration Refurbish Allowance	53-54	5-28	
1015	Pool Resurfacing/Tile	38-39	5-28	

Pickleball Courts	
1011	Court Replacement	53-54	5-29	
1010	Court Resurfacing (color coat)	26-27	5-29	

Bocce Ball Courts	
1012	Carpet/Lane Repair - Bocce Ball Courts	28-29	5-30	

Operating Expense	
Fire Pit Repair	25-26	5-31	
Irrigation System Repair	25-26	5-31	
Landscape Replacement	25-26	5-31	
Pool Filtration Partial Replacement	25-26	5-32	

Asset ID Description	Replacement	Page	
Operating Expense			
Pool Furniture Partial Replacement	25-26	5-32	
Sidewalk Repair	25-26	5-32	
Steel Stair Repair	25-26	5-33	

Maintained By Others			
1058	Cluster Mailboxes	25-26	5-34	
1056	Stormwater System	25-26	5-34	
	Streets Not Owned By CDD	25-26	5-34	
	Water/Sewer System	25-26	5-34	

Long Life Components	
	Building Foundations/Frames	25-26	5-35	
1057	Dock Pilings	25-26	5-35	
	Electrical Panels/Wiring/Devices	25-26	5-35	
	Fire Sprinkler Pipe/Devices	25-26	5-35	
	Plumbing Pipes/Valves	25-26	5-36	

Total Funded Assets	
41	
Total Unfunded Assets	 0	
Total Assets	41	

Concret Pavers - Entries - 2038

2,318 Square Feet

@ $10.20

Asset ID	1028
Category	Site Components Placed in Service		January 2019
Useful Life	20
Replacement Year	38-39
Remaining Life	13

Asset Actual Cost	$23,643.60
Percent Replacement	100%
Future Cost	$34,721.42

Permeable Pavers - Amenity Lot - 2058

	2,544 Square Feet	@ $11.20	
Asset ID	1022	Asset Actual Cost	$28,492.80	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$75,572.45	
Placed in Service	January 2019			
Useful Life	40			
Replacement Year	58-59			
Remaining Life	33			

Shade Structures/Fabric - Amenity - 2048

		1 Lump Sum	@ $48,000.00	
Asset ID	1013	Asset Actual Cost	$48,000.00	
		Percent Replacement	100%	
Category	Site Components	Future Cost	$94,732.15	
Placed in Service	January 2019			
Useful Life	30			
Replacement Year	48-49			
Remaining Life	23			

Stringers/Deck/Rails -Dock - 2033

340 Square Feet

@ $44.90

Asset ID	1021
Category	Site Components Placed in Service		January 2019
Useful Life	20
Adjustment	-5
Replacement Year	33-34
Remaining Life	8

Asset Actual Cost	$15,266.00
Percent Replacement	100%
Future Cost	$19,338.51

Mill/Overlay - Amenity Lot - 2038

	2,098 Square Yards	@ $21.00	
Asset ID	1001	Asset Actual Cost	$44,058.00	
		Percent Replacement	100%	
Category	Street Resurfacing	Future Cost	$64,700.66	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	13			

Mill/Overlay - Grand Reserve Blvd. - 2038

Asset ID	1026	12,566 Square Yards
Asset Actual Cost	@ $18.60
$233,727.60	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Street Resurfacing January 2019
20	Future Cost	$343,236.86	
Replacement Year	38-39			
Remaining Life	13			
Mill/Overlay - Grand Reserve Drive - 2038	

Asset ID	
1002	3,278 Square Yards Asset Actual Cost	@ $18.60
$60,970.80	
		Percent Replacement	100%	
Category Placed in Service
Useful Life	Street Resurfacing January 2019
20	Future Cost	$89,537.67	
Replacement Year	38-39			
Remaining Life	13			

Mill/Overlay - Grand Reserve Parkway - 2038

	2,512 Square Yards	@ $18.60	
Asset ID	1027	Asset Actual Cost	$46,723.20	
		Percent Replacement	100%	
Category	Street Resurfacing	Future Cost	$68,614.59	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	13			

Aluminum Fence - Entry - 2048

36 Linear Feet

@ $52.00

Asset ID	1004	Asset Actual Cost	$1,872.00
	Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$3,694.55	
Placed in Service	January 2019	
Useful Life	30	
Replacement Year	48-49	
Remaining Life	23	

Aluminum Fence - Pool - 2048

440 Linear Feet

@ $52.00

Asset ID	1014	Asset Actual Cost	$22,880.00
	Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$45,155.66	
Placed in Service	January 2019	
Useful Life	30	
Replacement Year	48-49	
Remaining Life	23	

Aluminum Rails - Open Patios - 2048

Asset ID	
1007	160 Linear Feet Asset Actual Cost	@ $55.00
$8,800.00	
		Percent Replacement	100%	
CaFteegnocrinyg/Gates/Access	Control	Future Cost	$17,367.56	
Placed in Service	January 2019	
Useful Life	30	
Replacement Year	48-49	
Remaining Life	23	

Irrigation Pump System - 2044

1 Lump Sum	@ $84,510.00

Asset ID	1055
Category	Landscape/Irrigation Placed in Service		November 2024 Useful Life			20
Replacement Year	44-45
Remaining Life	19

Asset Actual Cost	$84,510.00
Percent Replacement		100% Future Cost	$148,188.80

Irrigation Pump and Control Cabinet Replacement Agreement (M and M Sales-Service) - Deer Run.pdf

Light Pole Heads - Pool - 2048

7 Each

@ $1,600.00

Asset ID	1036
Category	Site Lighting
Placed in Service	January 2019
Useful Life	30
Replacement Year	48-49
Remaining Life	23

Asset Actual Cost	$11,200.00
Percent Replacement	100%
Future Cost	$22,104.17

Light Pole Heads - Sport Courts - 2048

7 Each

@ $1,600.00

Asset ID	1037	Asset Actual Cost	$11,200.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$22,104.17	
Placed in Service	January 2019			
Useful Life	30			
Replacement Year	48-49			
Remaining Life	23			

Light Poles Fixtures- Parking Lot - 2048

8 Each

@ $1,600.00

Asset ID	1041	Asset Actual Cost	$12,800.00	
		Percent Replacement	100%	
Category	Site Lighting	Future Cost	$25,261.91	
Placed in Service	January 2019			
Useful Life	30			
Replacement Year	48-49			
Remaining Life	23			

Flooring Allowance - Fitness Room - 2030

	80 Square Yards	@ $48.00	
Asset ID	1033	Asset Actual Cost	$3,840.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$4,451.61	
Placed in Service	January 2019			
Useful Life	10			
Adjustment	2			
Replacement Year	30-31			
Remaining Life	5			

Refurbishment Allowance - Clubhouse Interior - 2046

	4,720 Square Feet	@ $12.00	
Asset ID	1031	Asset Actual Cost	$56,640.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$105,367.08	
Placed in Service	January 2019			
Useful Life	25			
Adjustment	3			
Replacement Year	46-47			
Remaining Life	21			

Refurbishment Allowance - Clubhouse Interior continued...

Refurbishment Allowance - Open Patios - 2038

		1 Lump Sum	@ $40,000.00	
Asset ID	1039	Asset Actual Cost	$40,000.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$58,741.35	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	13			

Refurbishment Allowance - Pool Locker Rooms - 2044

		560 Square Feet	@ $64.00	
Asset ID	1030	Asset Actual Cost	$35,840.00	
		Percent Replacement	100%	
Category	Building Components	Future Cost	$62,845.66	
Placed in Service	January 2019			
Useful Life	20			
Adjustment	6			
Replacement Year	44-45			
Remaining Life	19			

Window/Door Allowance - 2063

1 Lump Sum	@ $68,000.00

Asset ID	1029
Category Building Components Placed in Service	January 2019
Useful Life	45
Replacement Year	63-64
Remaining Life	38

Asset Actual Cost	$68,000.00
Percent Replacement		100% Future Cost	$209,085.27

Asphalt Shingles - 2038		64 Squares	@ $490.00	
Asset ID	1008	Asset Actual Cost	$31,360.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$46,053.22	
Placed in Service	January 2019			
Useful Life	20			
Replacement Year	38-39			
Remaining Life	13			

Metal Roof - Amenity - 2053
Asset ID	1009
Category	Roofing
Placed in Service	January 2019
Useful Life	35
Replacement Year	53-54
Remaining Life	28

1,103 Square Feet		@ $18.00 Asset Actual Cost	$19,854.00 Percent Replacement			100%
Future Cost	$45,424.51

	1,390 Square Feet	@ $18.00	
Asset ID	1005	Asset Actual Cost	$25,020.00	
		Percent Replacement	100%	
Category	Roofing	Future Cost	$57,243.95	
Placed in Service	January 2019			
Useful Life	35			
Replacement Year	53-54			
Remaining Life	28			

Misc. Repair/Paint - Amenity - 2026

		9,130 Square Feet	@ $2.12	
Asset ID	1006	Asset Actual Cost	$19,355.60	
		Percent Replacement	100%	
Category	Painting	Future Cost	$19,936.27	
Placed in Service	January 2019			
Useful Life	8			
Replacement Year	26-27			
Remaining Life	1			

Misc. Repair/Paint - Entry Features - 2026

	1 Lump Sum	@ $16,500.00	
Asset ID	1003	Asset Actual Cost	$16,500.00	
		Percent Replacement	100%	
Category	Painting	Future Cost	$16,995.00	
Placed in Service	January 2019			
Useful Life	8			
Replacement Year	26-27			
Remaining Life	1			

Heat Pump 1 - Clubhouse - 2030

1 Each

@ $6,400.00

Asset ID	1042
Category	HVAC
Placed in Service	January 2019
Useful Life	12
Replacement Year	30-31
Remaining Life	5

Asset Actual Cost	$6,400.00
Percent Replacement	100%
Future Cost	$7,419.35

Heat Pump 2 - Clubhouse - 2030

1 Lump Sum

@ $3,200.00

Asset ID	1043
Category	HVAC
Placed in Service	January 2019
Useful Life	12
Replacement Year	30-31
Remaining Life	5

Asset Actual Cost	$3,200.00
Percent Replacement	100%
Future Cost	$3,709.68

Heat Pump 3 - Clubhouse - 2029

1 Lump Sum

@ $4,800.00

Asset ID	1045
Category	HVAC
Placed in Service	January 2018
Useful Life	12
Replacement Year	29-30
Remaining Life	4

Asset Actual Cost	$4,800.00
Percent Replacement	100%
Future Cost	$5,402.44

Heat Pump 4 - Clubhouse - 2029

1 Each

@ $4,800.00

Asset ID	1044
Category	HVAC
Placed in Service	January 2018
Useful Life	12
Replacement Year	29-30
Remaining Life	4

Asset Actual Cost	$4,800.00
Percent Replacement	100%
Future Cost	$5,402.44

Cab Refurbishment Allowance - 2043

	1 Lump Sum	@ $10,000.00	
Asset ID	1020	Asset Actual Cost	$10,000.00	
		Percent Replacement	100%	
Category	Elevators	Future Cost	$17,024.33	
Placed in Service	January 2019			
Useful Life	20			
Adjustment	5			
Replacement Year	43-44			
Remaining Life	18			

Equipment Modernization - 2053

2 Stops	@ $16,000.00

Asset ID	1019
Category	Elevators
Placed in Service	January 2019
Useful Life	35
Replacement Year	53-54
Remaining Life	28

Asset Actual Cost	$32,000.00
Percent Replacement	100%
Future Cost	$73,213.68

Fire Alarm Panel/Devices - 2038

1 Lump Sum	@ $14,000.00

Asset ID	1054	Asset Actual Cost	$14,000.00
	Percent Replacement	100%	
CategoryLife Safety	Components	Future Cost	$20,559.47	
Placed in Service	January 2019	
Useful Life	20	
Replacement Year	38-39	
Remaining Life	13	

Fitness Equipment Allowance - 2043

Asset ID	1032	1 Lump Sum
Asset Actual Cost	@ $30,000.00
$30,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$51,072.99	
Placed in Service	January 2019	
Useful Life	20	
Adjustment	5	
Replacement Year	43-44	
Remaining Life	18	

Furniture Allowance - Clubhouse - 2038

Asset ID	1034	1 Lump Sum
Asset Actual Cost	@ $5,000.00
$5,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$7,342.67	
Placed in Service	January 2019	
Useful Life	10	
Adjustment	10	
Replacement Year	38-39	
Remaining Life	13	

Furniture Allowance - Clubhouse continued...

Furniture Allowance - Pool/Patios - 2041

Asset ID	1035	1 Lump Sum
Asset Actual Cost	@ $25,000.00
$25,000.00	
		Percent Replacement	100%	
CategorFyurniture Fixtures	Equip.	Future Cost	$40,117.66	
Placed in Service	January 2019	
Useful Life	20	
Adjustment	3	
Replacement Year	41-42	
Remaining Life	16	

Gas Grills - 2030
Asset ID	1038
CategorFyurniture Fixtures Equip.

2 Each	@ $3,800.00 Asset Actual Cost		$7,600.00
Percent Replacement	100%
Future Cost	$8,810.48

Placed in Service	January 2019	
Useful Life	12	
Replacement Year	30-31	
Remaining Life	5	

Filtration Refurbish Allowance - 2053

	1 Lump Sum	@ $20,000.00	
Asset ID	1016	Asset Actual Cost	$20,000.00	
		Percent Replacement	100%	
Category	Swimming Pool	Future Cost	$45,758.55	
Placed in Service	January 2019			
Useful Life	35			
Replacement Year	53-54			
Remaining Life	28			

Pool Resurfacing/Tile - 2038

5,867 Square Feet

@ $32.00

Asset ID	1015
Category	Swimming Pool
Placed in Service	January 2019
Useful Life	12
Adjustment	8
Replacement Year	38-39
Remaining Life	13

Asset Actual Cost	$187,744.00
Percent Replacement		100% Future Cost	$275,708.39

Court Replacement - 2053

4 Each	@ $42,000.00

Asset ID	1011
Category	Pickleball Courts
Placed in Service	January 2019
Useful Life	35
Replacement Year	53-54
Remaining Life	28

Asset Actual Cost	$168,000.00
Percent Replacement		100% Future Cost	$384,371.85

Court Resurfacing (color coat) - 2026

		1,100 Square Yards	@ $9.40	
Asset ID	1010	Asset Actual Cost	$10,340.00	
		Percent Replacement	100%	
Category	Pickleball Courts	Future Cost	$10,650.20	
Placed in Service	January 2019			
Useful Life	5			
Adjustment	3			
Replacement Year	26-27			
Remaining Life	1			

Carpet/Lane Repair - Bocce Ball Courts - 2028

		160 Square Yards	@ $24.00	
Asset ID	1012	Asset Actual Cost	$3,840.00	
		Percent Replacement	100%	
Category	Bocce Ball Courts	Future Cost	$4,196.07	
Placed in Service	January 2019			
Useful Life	8			
Adjustment	2			
Replacement Year	28-29			
Remaining Life	3			

Fire Pit Repair

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Irrigation System Repair

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Landscape Replacement

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Pool Filtration Partial Replacement

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Pool Furniture Partial Replacement

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Sidewalk Repair

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Steel Stair Repair

Asset ID

Category	Operating Expense Placed in Service		January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Operating Expense

Cluster Mailboxes

Asset ID	1058
Category Maintained By Others Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Stormwater System

Asset ID	1056
Category Maintained By Others Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Streets Not Owned By CDD

Asset ID

Category Maintained By Others Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Water/Sewer System

Asset ID

Category Maintained By Others Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Not CDD Responsibility

Building Foundations/Frames

Asset ID

Category Long Life Components Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Dock Pilings

Asset ID	1057
Category Long Life Components Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Electrical Panels/Wiring/Devices

Asset ID

Category Long Life Components Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Fire Sprinkler Pipe/Devices

Asset ID

Category Long Life Components Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

Plumbing Pipes/Valves

Asset ID

Category Long Life Components Placed in Service	January 2019
No Useful Life

Asset Actual Cost
Percent Replacement	100% Future Cost

Long Life Component

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.