Reserve Reports Providence Master Homeowners Association

Transcription

1 Reserve Reports Providence Master Homeowners Association

2 Reserve Reports Providence Master Homeowners Association

3 RESERVE SUMMARY REPORTS Providence Master Homeowners Association component inventory and estimated useful life. Easton Place Neighborhood component inventory and estimated useful life Master Association Management Office 11 N. Hualapai Way, Suite 0, Las Vegas, NV 91 * Phone 0.1. * Fax *

4 Projected Starting as of 1/1/1 $1,,1 Ideal Reserve as of 1/1/1 $90,9 Percent Funded as of 1/1/1 1% Recommended Reserve Contribution (per month) $1,00 Minimum Reserve Contribution (per month) $1,0 Recommended Special Assessment $0 Property Details Providence Master Association is a,00-unit master association with approximately,00 units built at the time of this report. The association's reserve responsibilities include the maintenance of Knickerbocker Park, Huckleberry Park, The Promenade, as well as the streetscapes and common area landscaping. ly Programmed Projects Projects programmed to occur this fiscal year (FY 1) include: Safety Padding - Reseal (Comp #10) and Safety Padding - Reseal (Comp #10). We have programmed an estimated $, in reserve expenditures toward the completion of these projects. Significant Reserve Projects The association s significant reserve projects include: (Comp #11), Wrought Iron Fencing - Repaint (Comp #), Trellis - Refurbish (Comp #111) and Park Furniture ment (Comp #10). Reserve Funding In comparing the projected starting reserve balance of $1,,1 versus the ideal reserve balance of $90,9 we find the association's reserve fund to be approximately 1% funded. This indicates a fully funded reserve fund position. In order to maintain the account fund,

5 Component Funding Information ID Component Name UL RUL Quantity Average Cost Ideal Fund Monthly Common Area Wrought Iron Fencing - Repaint Approx.,0 Linear ft. $,0 $11,0 $, $ Metal Surfaces - Repaint See General Notes $,00 $,00 $, $ Pavers - Repair Approx.,0 Sq.ft. $,0 $, $1, $1. 01 Monument Signs - Refurbish 11 () Monument signs () $,0 $11,1 $1, $. 0 Theme Towers - Refurbish 1 ' Towers $,000 $,0 $,1 $. 0 Street Signs - 1 () Sets $1,00 $1 $ $ Wrought Iron Fencing - Terrace Walls - Repair 1 Approx. 9 Linear ft. Approx. 11, Linear ft. $19,1 $, $,90 $,9 $9, $, $. $1. 10 Decorative Arches - Refurbish 1 () 11' Arches $,000 $,00 $,01 $ Park Furniture - () Items () $,000 $,00 $, $. 111 Trellis - Refurbish Trellis' $1,000 $,00 $1, $. 11 Landscaping/Irrigation - Renovate Extensive Sq.ft. $00,000 $, $,1 $,1. Subtotals: $1,0,01 $,9 $,1 $, Huckleberry Park 1 Metal Surfaces - Repaint See General Notes $1,000 $,00 $,1 $.1 01 Asphalt - Major Rehab. Approx. 1, Sq.ft. $,1 $1,9 $1, $ Asphalt - Preventive Maintenance Trash Enclosure Gates - Concrete Sidewalks - Repair 1 1 Approx. 1, Sq.ft. (1) Set Approx.,0 Linear ft. $, $,0 $,91 $ $0 $ $ $0 $ $.1 $1. $ Park Monument Sign - Refurbish Park Rules Signs - 19 (1) Monument () Signs $,0 $,000 $1 $00 $1 $ $11. $. 90 Flagpole - (1) Flagpole Approx. $,000 $ $ $. 01 W/I Railings - Chain 0 Linear ft. Approx. $,00 $1 $11 $11. 0 Link Fencing - Linear ft. (1) $, $1,1 $1,1 $9. 1 Basketball Court - Refinish Court $,000 $0 $1,000 $ Basketball Backboard/Rim - Safety Padding - 1 () Backboards / Rims Approx. 1,9 Sq.ft. $,000 $9, $ $1,9 $00 $, $.0 $ Safety Padding - Seal/Repair Approx. 1,9 Sq.ft. $,90 $9 $1,11 $.0 10 Drinking Fountains - 1 () Drinking fountains $9,000 $00 $00 $1. 10 Park Furniture - 9 () Pieces $,000 $,00 $,001 $. 109 Gazebo - Refurbish (1) ' Diameter gazebo $,000 $00 $ $.19

6 ID Component Name UL RUL Quantity Average Cost Ideal Fund Monthly Huckleberry Park 190 Swing Set - (1) Swing set $,000 $00 $00 $1. 10 Pole Light Fixtures - () Fixtures $,0 $1, $,1 $ Restroom Building - Renovate 1 (1) Restroom building $,000 $ $ $. Subtotals: $, $19, $,11 $1, Knickerbocker Park 1 Metal Surfaces - Repaint See General Notes $1,00 $,00 $1,00 $ Asphalt - Major Rehab. Approx.,00 Sq.ft. $,0 $,0 $,0 $ Asphalt - Preventive Maintenance Trash Enclosure Gates - Concrete Sidewalks - Repair Approx.,00 Sq.ft. () Sets Approx., Linear ft. $1,9 $,00 $,1 $0 $1,00 $1,1 $1,0 $,000 $, $.91 $. $ Park Monument Sign - Refurbish Park Rules Signs - (1) Monument () Signs $,0 $,0 $ $,00 $91 $, $11. $.9 90 Flagpole - (1) Flagpole Approx. $,000 $ $ $. 01 W/I Railings - Chain 1 Linear ft. Approx. $, $9 $1, $.9 0 Link Fencing - Play 1,00 Linear ft. () Play $,0 $,0 $11,9 $ Structures - Safety structures Approx. $0,000 $1, $, $ Padding - Safety,0 Sq.ft. Approx. $,0 $,0 $9, $0. 10 Padding - Reseal Drinking 0,0 Sq.ft. $, $, $, $ Fountains - Park () Drinking fountains $11,000 $, $,90 $. 10 Furniture - Splash () Pieces $,000 $,00 $0,00 $. 10 Pad - Gazebos - (1) 0 Sq.ft. Splash pad $,000 $9,000 $1,00 $ Refurbish Exercise Stations - () 1 X 1 ft., (1) 0 ft. Gazebos () Stations $1,000 $1,0 $,00 $,1 $, $, $. $ Tot-Lot Awnings - 1 Approx. Sq.ft. $,000 $, $, $ Swing Set - (1) Swing set $,000 $,000 $,001 $1. 10 Pole Light Fixtures - () Poles $,0 $11,0 $,00 $ Restroom Building - Renovate 1 11 (1) Restroom building $,000 $,1 $,1 $. Subtotals: $,0 $1, $190,09 $,9 Office 1 Interior Surfaces - Repaint Approx. 11,10 Sq.ft. $11, $,9 $,9 $9. 0 Building Signs - () Signs $,000 $,000 $, $. 90 Camera System - (1) System $,000 $,0 $,001 $. 10 Furniture - Allowance $0,000 $,000 $,1 $. 11 Restrooms - Remodel () Restrooms $1,000 $,00 $, $9.

7 ID Component Name UL RUL Quantity Average Cost Ideal Fund Monthly Office 11 Kitchen - Remodel (1) Kitchen $1,00 $, $,01 $ Office Equipment - Ceiling Tile - Computers, printers, phone system, etc. Approx., Sq.ft. $1,00 $9, $,00 $,9 $,00 $,0 $1. $.0 01 Carpeting - Approx.,9 Sq.ft. $19, $9,1 $1,911 $1.9 0 Vinyl Flooring - Approx. Sq.ft. $,000 $1,000 $1, $ Tile Flooring - Approx. Sq.ft. $, $1, $, $1. 0 Laminate Flooring - 1 Approx. Sq.ft. $1,0 $90 $1,11 $11.0 Subtotals: $1,00 $9, $9,9 $1, The Promenade 1 Metal Surfaces - Repaint 1 See General Notes $,000 $,000 $,9 $ Pavers - Repair Approx. 9,0 Sq.ft. $,0 $1,0 $1,9 $ Park Monument Signs - Refurbish Park Rules Signs - 1 () Monuments () Signs $,00 $,0 $,0 $1,00 $,9 $,000 $.0 $ Wrought Iron Fencing - Play Structure - 11 Approx. 1 Linear ft. (1) Play structure $9, $,000 $,1 $9, $,9 $9,1 $1.99 $ Safety Padding - Approx. 1,0 Sq.ft. $1,0 $,000 $1, $. 10 Safety Padding - Reseal 0 Approx. 1,0 Sq.ft. $1, $1, $, $.0 10 Drinking Fountain - (1) Drinking fountain $,0 $1, $1,9 $. 10 Park Furniture - () Pieces $0,000 $,000 $, $ Decorative Arches - Refurbish 1 () 11' Arches $,000 $,0 $9,0 $. 111 Trellis - Refurbish 1 () X ft. Trellis $0,000 $,00 $1,0 $. 11 Tot-Lot Awning - 1 Approx. Sq.ft. $,00 $,0 $, $.1 10 Pole Light Fixtures - 1 () Fixtures $,0 $1,0 $,0 $ Bollard Lights - 1 () Fixtures $,0 $, $, $1.99 Subtotals: $, $1,9 $10,1 $1, Vehicles Utility Vehicle - Mercury Mariner - Golf Cart - (1) 09 Mercury Mariner (1) Golf cart $0,000 $1,0 $,000 $9, $,00 $1, $. $. Subtotals: $,0 $, $,9 $ Grand Total: $,,9 $90,9 $1,,1 $1,00 Fund as a percentage of Ideal : 1%

8 Easton Place Neighborhood Reserve Study Summary Projected Starting as of 1/1/1 $1, Ideal Reserve as of 1/1/1 $9, Percent Funded as of 1/1/1 % Recommended Reserve Contribution (per month) $ Minimum Reserve Contribution (per month) $0 Recommended Special Assessment $0 Property Details Easton Place is a neighborhood of the Providence Master association. The neighborhood's reserve responsibilities include the perimeter walls, pocket park, and half of the shared entry area. Construction on the common elements was completed in approximately 0. ly Programmed Projects Projects programmed to occur this fiscal year (FY 1) include: Metal Surfaces - Repaint (Comp #1) and Asphalt - Preventive Maintenance (Drainage) (Comp #0). We have programmed an estimated $, in reserve expenditures toward the completion of these projects. Significant Reserve Projects The association s significant reserve projects include: Park Furniture ment, (Comp #11), Wrought Iron Fencing - (Comp #0) and Metal Surfaces - Repaint (Comp #1). Reserve Funding In comparing the projected starting reserve balance of $1, versus the ideal reserve balance of $9, we find the association's reserve fund to be approximately % funded. This indicates a fair reserve fund position.