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"Full" Capital Funding Plan

Sample Country ClubAnywhere, CA

Report #:For Period Beginning:

Expires:

Date Prepared:

4-0January 1, 2019December 31, 2019

May 16, 2018

T

W

Hello, and welcome to your Capital Plan!

his Report is a valuable budget planning tool,for with it you control the future of your

property. It contains all the fundamentalinformation needed to understand your currentand future obligations, some of the mostsignificant expenses that ownership will face.

ith respect to Reserves, this Report will tellyou "where you are," and "where to go from

here."

In this Report, you will find...

1) A List of What you're Reserving For

2) An Evaluation of your Reserve Fund Sizeand Strength

3) A Recommended Multi-Year ReserveFunding Plan

More Questions?

Visit our website at www.ReserveStudy.com or callus at:

909-906-1025

http://www.arcapitalplans.com

Table of Contents

3-Minute Executive Summary 1

Reserve Study Summary 1

Reserve Component List 2

Introduction, Objectives, and Methodology 6

Which Physical Assets are Funded by Capital Funds? 7

How do we establish Useful Life and Remaining Useful Life estimates? 7

How do we establish Current Repair/Replacement Cost Estimates? 7

How much money is enough? 8

How much should we contribute? 9

What is our Recommended Funding Goal? 9

Projected Expenses 11

Annual Reserve Expense Graph 11

Reserve Fund Status & Recommended Funding Plan 12

Annual Reserve Funding Graph 12

30-Yr Cash Flow Graph 13

Percent Funded Graph 13

Table Descriptions 14

Budget Summary 15

Executive Summary (Component List) 16

Fully Funded Balance 20

Accounting Tax Summary 24

30-Year Reserve Plan Summary 29

30-Year Income/Expense Detail 30

Accuracy, Limitations, and Disclosures 48

Terms and Definitions 49

Component Details 50

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$2,900,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$8,152,344

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$5,252,344

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .35.6 %

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$135,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$107,000

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1.00 %

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3.00 %

3- Minute Executive Summary

Property: Sample Country Club Property #: 4-0Location: Anywhere, CA # of Units:1Report Period: January 1, 2019 through December 31, 2019

Projected Starting Reserve BalanceFully Funded BalanceAverage Reserve Deficit (Surplus) Per UnitPercent FundedRecommended 2019 Monthly Reserve ContributionsAlternate minimum contributions to keep Reserve above $0

Reserves % Funded: 35.6%

Special Assessment Risk:

30% 70% 130%

High Medium Low

Economic Assumptions:Net Annual "After Tax" Interest Earnings Accruing to ReservesAnnual Inflation Rate

This is an "Full" Capital Plan, (original, created “from scratch”), based on our siteinspection on 4/9/2018.

This Reserve Study was prepared by a credentialed Reserve Specialist (RS #294).

Because your Reserve Fund is between the 30%-70% range at 35.6 % Funded, this meansyou have a Medium exposure to the risk of special assessments or deferred maintenance.In perspective, organizations below 30% funded are at a high risk of special assessmentsor other cash flow problems. Your multi-year Funding Plan is designed to gradually bringyou to the 100% level, or “Fully Funded”.

Based on this starting point, your anticipated future expenses, and your historicalReserve contribution rate, our recommendation is to increase your Reserve contributions.

Association Reserves, 4-0 5/16/20181

4-0Executive Summary

# Component Useful Life (yrs)Rem. Useful

Life (yrs)Current Average

Cost

General Site & Grounds

103 Concrete Surfaces - Repair 1 0 $10,000

201 Asphalt - Resurface 30 20 $300,000

202 Asphalt - Seal/Repair 4 2 $17,500

206 Concrete Pavers - Replace 25 15 $70,000

414 Flag Pole - Replace 30 20 $2,000

501 Perimeter Block Walls - Repair 1 0 $14,500

503 Metal Railing - Replace 25 15 $40,000

713 Trash Enclosures - Replace 20 10 $4,000

802 Pole Lights - Replace 20 10 $24,000

804 Bollard Lights - Replace 20 10 $20,000

1107 Metal Railing - Repaint 5 2 $11,000

1114 Perimeter Block Walls - Repaint 5 0 $32,500

1402 Monument Signs - Replace 20 10 $8,000

Clubhouse

303 Evaporative Coolers - Replace 15 5 $18,000

303 HVAC Systems - Replace 15 5 $210,000

305 Security System - Replace 10 2 $30,000

306 Exhaust Fans - Repair/Replace 20 10 $36,000

329 Fire Alarm System - Replace 25 15 $25,000

331 Water Heater - Replace 15 5 $14,500

405 Mist System - Replace 15 5 $35,000

411 Drinking Fountains - Replace 20 10 $2,400

601 Carpet - Replace 10 0 $45,000

606 Vinyl Flooring - Replace 10 0 $14,000

610 Tile Floor - Replace 30 20 $210,000

717 Exterior Windows & Doors - Replace 35 25 $350,000

805 Exterior Lights - Replace 20 10 $3,750

902 Furniture - Partial Replace (Ext) 2 1 $20,000

902 Furniture - Partial Replace (Int) 2 1 $30,000

902 Furniture - Replace (Main DiningRm) 12 2 $100,000

902 Furniture/Equip - Replace (Admin) 10 0 $12,500

903 Commercial Dishwasher - Replace 25 15 $62,500

903 Kitchen Equip - Replace 1 0 $17,500

908 Window Treatments - Replace 10 2 $55,000

909 Restrooms/Locker rooms - Refurbish 15 5 $145,000

910 Bar - Remodel 15 5 $70,000

910 Golf Pro Shop - Remodel 15 5 $100,000

928 A/V Equipment - Replace/Upgrade 2 1 $10,700

929 Ice Machine - Replace 8 2 $7,500

1110 Interior Surfaces - Paint 10 0 $23,850

1141 Building Exterior - Paint 10 0 $62,500

1301 Roof (Flat) - Replace 15 5 $24,500

1304 Roof (Tile) - Replace underlayment 25 15 $99,000

2550 Telephone System - Replace 20 10 $45,000

2620 Point of Sale System - Replace 8 1 $44,500




Cost

Golf Course

909 Restrooms - Refurbish 15 5 $45,000

1020 Aeration Systems - Replace 25 4 $125,000

1115 Cart Path Tunnels - Repaint 10 8 $8,000

1115 Pump House Exterior - Repaint 10 8 $5,700

1301 Roof (Pump House) - Replace 20 10 $6,150

1402 Monuments/Signage/Rocks - Replace 30 20 $40,000

1701 Bridges - Replace 20 10 $93,000

3002 Putting Greens - Refurbish 20 10 $720,000

3004 Tee Boxes - Refurbish/Redesign 20 10 $604,000

3005 Driving Range - Refurbish 10 6 $50,000

3006 Sand Bunkers - Renovate 10 0 $825,000

3007 Fairways/Drainage - Repair 1 0 $50,000

4021 Lakes - Refurbish 20 10 $1,650,000

4051 Ice Machines - Replace 10 4 $17,500

4203 Picker & Cart - Replace 6 2 $15,500

4205 Range Ball Dispenser - Replace 7 6 $9,800

4210 Rental Clubs - Replace 5 2 $10,500

4301 Cart Fleet - Replace 3 2 $220,500

Maintenance Yard

205 Concrete Driveway/Lot - Repair 20 10 $100,000

209 Concrete Floors (garage) - Recoat 8 0 $11,050

303 Evaporative Cooler (Maint Bldg) - A 15 5 $3,500

303 Evaporative Cooler (Maint Bldg) - B 15 5 $3,500

303 Evaporative Cooler (Storage) - Repl 15 5 $3,500

303 Rooftop Package Systems - Replace 15 5 $21,000

305 Security Camera System - Replace 8 1 $9,250

306 Exhaust Fans - Replace 25 15 $8,000

329 Fire Alarm System - Replace 25 15 $25,000

331 Water Heater - Replace A 15 5 $2,500

331 Water Heater - Replace B 15 5 $1,150

502 Chain Link Fence - Replace 35 25 $3,600

601 Carpet - Replace 10 0 $5,000

606 Vinyl Flooring - Replace 15 0 $25,500

705 Gate Operator - Replace 10 3 $3,500

717 Exterior Doors & Windows - Replace 35 25 $60,000

720 Metal Gates/Pole Lights - Replace 30 20 $56,000

850 Air Compressor - Replace 20 10 $5,500

902 Furniture - Partial Replace (Int) 2 0 $11,750

903 Appliances - Replace 10 1 $9,200

904 Kitchen/Office Millwork - Remodel 25 15 $27,500

907 Acoustic Ceiling Tiles - Replace 35 25 $16,250

908 Window Treatments - Replace 10 2 $4,000

909 Restrooms/Locker Rooms - Refurbish 15 0 $60,000

1110 Interior Surfaces - Repaint 10 0 $14,250

1114 Perimeter Block Walls - Repaint 10 0 $14,100

1115 Building Exteriors - Repaint 10 0 $13,900

1301 Flat Roof - Replace 20 10 $68,000

1309 Metal Roof (carport) - Replace 30 20 $26,000




Cost

1311 Skylights - Replace 30 20 $16,200

1330 Roof Access Hatch - Replace 30 20 $1,750

1818 Fuel Tank System - Replace 15 5 $9,800

1900 Vehicle Lifts - Replace 25 15 $22,500

Maintenance Equipment

3101 Aerator - Replace A 12 2 $18,000

3101 Aerators - Replace B 12 3 $46,000

3101 Aerators - Replace C 12 9 $69,000

3101 Water Injector- Replace 12 0 $18,000

3102 Backhoe Loader - Replace 12 11 $99,000

3104 Blowers - Replace 5 1 $21,450

3108 Compressor - Replace 15 5 $7,250

3109 Accu-Pro Reel Grinder - Replace 10 1 $52,250

3109 Anglemaster Bedknife Grinder 10 9 $27,000

3109 Express Dual Reel Grinder 10 9 $27,000

3119 Gator Vehicles - Replace 8 0 $104,000

3119 John Deere ProGators - Replace 10 2 $30,000

3121 GMC Sierra Truck - Replace 10 6 $24,500

3122 Ford Dump Truck - Replace 15 8 $40,000

3123 Carryall Utility Carts - Replace 12 2 $45,625

3123 EZ-Go Utility Carts - Replace 12 3 $22,500

3124 Workman Utility Vehicles (2012) 10 3 $122,500





3125 T-Mag Trucks - Replace 7 0 $36,500

3127 Turf Sprayers - Replace (2016) 10 9 $138,000

3128 Top Dresser - Replace (2014) 6 1 $17,500

3128 Top Dresser - Replace (2016) 6 3 $17,500

3129 Sand Rakers - Replace (2011) 8 0 $30,000

3129 Sand Rakers - Replace (2015) 8 4 $45,000

3130 Greensmasters 3150D 8 0 $81,000

3130 Greensmasters 3250D 8 0 $81,000

3130 Greensmasters 3300 TriFlex (2012) 8 1 $162,000





3130 Greensmasters Flex 21 8 3 $25,000

3130 Greensmasters Flex 2100 8 5 $25,000

3130 Groundsmasters 4700-D (A) 8 7 $304,000

3130 Groundsmasters 4700-D (B) 8 7 $304,000

3130 Reelmasters 3100-D (2011) 8 0 $81,000

3130 Reelmasters 3100-D (2013) 8 2 $40,500

3130 Reelmasters 3100-D (2015) 8 4 $81,000

3130 Reelmasters 4000-D 8 0 $40,500

3130 Reelmasters 5010-H 8 6 $162,000

3130 Reelmasters 7000-D (2013) 8 2 $40,500

3130 Reelmasters 7000-D (2017) 8 6 $121,500Association Reserves, 4-0 5/16/20184



Cost

3131 Spreaders - Replace 15 7 $27,750

3132 Speed Roller - Replace 12 6 $13,500

3133 Seeder - Replace 12 5 $9,750

3135 Sweeper (Tennant) - Replace (2016) 8 5 $33,600

3135 Sweeper (Toro) - Replace (2013) 8 2 $33,600

3135 Sweeper (Toro) - Replace (2017) 8 6 $33,600

3137 Tire Changer - Replace 15 15 $7,400

3140 Tractor - Replace (2006) 15 2 $34,400

3140 Tractor - Replace (2007) 15 3 $34,400

3140 Tractor - Replace (2009) 15 5 $34,400

3140 Tractor - Replace (2011) 15 7 $34,400

3140 Tractor - Replace (2012) 15 8 $34,400

3140 Tractor - Replace (2016) 15 12 $34,400

3140 Tractor - Replace (2018) 15 14 $34,400

3140 Tractors - Replace (2010) 15 6 $68,800

3142 Forklift - Replace (2018) 15 14 $46,500

3145 Gearemore Trailer - Replace (2010) 15 6 $9,000

3145 Gearmore Trailers - Replace (2012) 15 8 $18,000

3145 Trailer - Replace (2009) 15 5 $9,000

3145 Trailer - Replace (2013) 15 9 $9,000

3172 Flail - Replace 10 3 $23,000

Irrigation

825 Weather Station - Replace 10 2 $18,300

912 Irrigation Computer - Replace 5 $550

1003 Irrigation Controllers - Replace 12 2 $155,000

1004 Irrigation Interface Modules - Repl 12 2 $12,500

1006 Irrigation Pumps/Cont (Golf)- Repla 20 10 $450,000

1006 Irrigation Pumps/Cont (MY)- Repla 20 10 $750,000

1007 Irrigation Systems - Repair 4 2 $70,000

1007 Irrigation Systems - Replace 25 15 $1,600,000

1075 Reservoir - Reline 15 9 $430,000

1080 Well (#1) - Refurbish 10 2 $58,000

1080 Well (#2) - Refurbish 10 4 $63,000

172 Total Funded Components

Note 1: Yellow highlighted line items are expected to require attention in this intial year.


Introduction

A Capital Plan is the art and science of anticipating, andpreparing for, a property major predictable repair andreplacement expenses. Partially art, because in this field weare making projections about the future. Partially science,because our work is a combination of research and well-defined computations, following consistent National ReserveStudy Standard principles.

The foundation of this and every Capital Plan is yourComponent List (what you are reserving for). This isbecause the Component List defines the scope andschedule of all your anticipated upcoming major,predictable capital projects. Based on that List andyour starting balance, we calculate the propertyCapital Fund Strength (reported in terms of "PercentFunded"). Then we compute a Funding Plan to providefor the needs of the property. These form the threeresults of your Capital Plan.

Capital contributions are not “for the future”. Capital contributions aredesigned to offset the ongoing, daily deterioration of your Capital assets.Done well, a stable, budgeted Capital Funding Plan will collect sufficientfunds from the owners who enjoyed the use of those assets, so the propertyis financially prepared for the irregular expenditures scattered through futureyears when those projects eventually require replacement.

Methodology

For this Capital Plan, we started with a review ofownership bounderies, as detailed by property,recent Capital expenditures, an evaluation of howexpenditures are handled (ongoing maintenancevs Capital), and research into any well-established historical precedents. We performed

an on-site inspection to quantify and evaluate your major predictable,creating your Reserve Component List from scratch.


http://www.reservestudy.com/full-reserve-study

Which Physical Assets are Funded by Reserves?

There is a national-standard four-part test to determinewhich expenses should appear in your Component List.First, it must be a maintenance responsibility. Second, thecomponent must have a limited life. Third, the remaininglife must be predictable (or it by definition is a surprisewhich cannot be accurately anticipated). Fourth, thecomponent must be above a minimum threshold cost (oftenbetween .5% and 1% of an property total budget). Thislimits Capital Components to major, predictable expenses.Within this framework, it is inappropriate to include l i fetime components,unpredictable expenses (such as damage due to fire, flood, or earthquake),and expenses more appropriately handled from the Operational Budget or asan insured loss.

How do we establish Useful Life and Remaining Useful Life estimates?

1) Visual Inspection (observed wear and age)2) Property Reserves database of experience3) Property History (install dates & previous life cycle information)4) Vendor Evaluation and Recommendation

How do we establish Current Repair/Replacement Cost Estimates?

In this order...

1) Actual property cost history, or current proposals2) Comparison to Property Reserves database of work done at similar

properties3) Vendor Recommendations4) Reliable National Industry cost estimating guidebooks


How much Reserves are enough?

Capital Fund adequacy is not measured in cash terms. Capital Fundadequacy is found when the amount of current Capital cash is compared toCapital asset component deterioration (the needs of the property). Havingenough means the property can execute its projects in a timely manner withexisting Capital funds. Not having enough typically creates deferredmaintenance or special funding needs.

Adequacy is measured in a two-step process:

1) Calculate the value of deterioration at theproperty (called Fully Funded Balance, orFFB).

2) Compare that to the Capital FundBalance, and express as a percentage.

Each year, the value of deterioration at theproperty changes. When there is moredeterioration (as components approach the time they need to be replaced),there should be more cash to offset that deterioration and prepare for theexpenditure. Conversely, the value of deterioration shrinks after projects areaccomplished. The value of deterioration (the FFB) changes each year, and isa moving but predictable target.

There is a high risk of special funding needs and deferred maintenance whenthe Percent Funded is weak, below 30%. Approximately 30% of all propertiesare in this high risk range. While the 100% point is Ideal (indicating Reservecash is equal to the value of deterioration), a Reserve Fund in the 70% -130% range is considered strong (low risk of special funding needs).

Measuring your Capital Funds by Percent Funded tells how well preparedyour property is for upcoming Reserve expenses. Those charged withmaintaining the physical property should be very aware of this importantfigure!


How much should we contribute?

According to National Reserve Study Standards, thereare four Funding Principles to balance in developingyour Reserve Funding Plan. Our first objective is todesign a plan that provides you with sufficient cash toperform your Reserve projects on time. Second, a stablecontribution is desirable because it keeps these naturallyirregular expenses from unsettling the budget.

Reserve contributions that are evenly distributed overcurrent and future owners enable each owner to pay their fair share of theproperty's Reserve expenses over the years. And finally, we develop a planthat is fiscally responsible and safe for Boardmembers to recommend to theirproperty. Remember, it is the Board's job to provide for the ongoing care ofthe real property that supports your entity mission.

What is our Recommended Funding Goal?

Maintaining the Reserve Fund at a level equal to thevalue of deterioration is called "Full Funding" (100%Funded). As each asset ages and becomes "used up,"the Reserve Fund grows proportionally. This is simple,responsible, and our recommendation. Evidenceshows that properties in the 70 - 130% range enjoy a lowrisk of special funding needs or deferred maintenance.

Allowing the Reserves to fall close to zero, but not below zero, is calledBaseline Funding. Doing so allows the Reserve Fund to drop into the 0 - 30%range, where there is a high risk of special funding needs & deferredmaintenance. Since Baseline Funding still provides for the timely executionof all Reserve projects, and only the "margin of safety" is different, BaselineFunding contributions average only 10% - 15% less than Full Fundingcontributions. Threshold Funding is the title of all other Cash or PercentFunded objectives between Baseline Funding and Full Funding.


Site Inspection Notes

During our site visit on 4/9/2018, we started with a brief meeting with theGeneral Manager, and then started the site inspection beginning with theclubhouse. We visually inspected all common areas of the country club.


Projected Expenses

While this Reserve Study looks forward 30 years, we have no expectationthat all these expenses will all take place as anticipated. This Reserve Studyneeds to be updated annually because we expect the timing of theseexpenses to shift and the size of these expenses to change. We do feel morecertain of the timing and cost of near-term expenses than expenses manyyears away.

The figure below summarizes the projected future expenses at your club asdefined by your Reserve Component List. A summary of these componentsare shown in the Component Details table, while a summary of the expensesthemselves are shown in the 30-yr Summary table.

Figure 1


Reserve Fund Status

The starting point for our financial analysis is your Reserve Fund balance,projected to be $2,900,000 as-of the start of your Fiscal Year on 1/1/2019.This is based on your actual balance on 3/31/2018 of $2,000,000 andanticipated Reserve contributions and expenses projected through the end ofyour Fiscal Year. As of your Fiscal Year Start, your Fully Funded Balance iscomputed to be $8,152,344. This figure represents the deteriorated value ofyour common area components. Comparing your Reserve Balance to yourFully Funded Balance indicates your Reserves are 35.6 % Funded.

Recommended Funding Plan

Based on your current Percent Funded and your near-term and long-termReserve needs, we are recommending budgeted contributions of $135,000per month this Fiscal Year. The overall 30-yr plan, in perspective, is shownbelow. This same information is shown numerically in both the 30-yrSummary and the Cash Flow Detail tables.

Figure 2


The following chart shows your Reserve balance under our recommendedFull Funding Plan and at your current budgeted contribution rate, comparedto your always-changing Fully Funded Balance target.

Figure 3

This figure shows the same information plotted on a Percent Funded scale. Itis clear here to see how your Reserve Fund strength approaches the 100%Funded level under our recommended multi-yr Funding Plan.

Figure 4


Table Descriptions

The tabular information in this Report is broken down into nine tables, not allwhich may have been chosen by your Project Manager to appear in yourreport. Tables are listed in the order in which they appear in your Report.

Executive Summary is a summary of your Reserve Components

Budget Summary is a management and accounting tool, summarizinggroupings of your Reserve Components.

Analysis Summary provides a summary of the starting financial informationand your Project Manager’s Financial Analysis decision points.

Reserve Component List Detail discloses key Component information,providing the foundation upon which the financial analysis is performed.

Fully Funded Balance shows the calculation of the Fully Funded Balance foreach of your components, and their contributions to the property total. Foreach component, the Fully Funded Balance is the fraction of life used upmultiplied by its estimated Current Replacement Cost.

Component Significance shows the relative significance of each componentto Reserve funding needs of the your property, helping you see whichcomponents have more (or less) influence than others on your total Reservecontribution rate. The deterioration cost/yr of each component is calculatedby dividing the estimated Current Replacement Cost by its Useful Life, thenthat component’s percentage of the total is displayed.

Accounting-Tax Summary provides information on each Component’sproportionate portion of key totals, valuable to accounting professionalsprimarily during tax preparation time of year.

30-Yr Reserve Plan Summary provides a one-page 30-year summary of thecash flowing into and out of the Reserve Fund, with a display of the FullyFunded Balance, Percent Funded, and special funding needs risk at thebeginning of each year.

30-Year Income/Expense Detail shows the detailed income and expenses foreach of the next 30 years. This table makes it possible to see whichcomponents are projected to require repair or replacement in a particularyear, and the size of those individual expenses.


4-0Full

Max Max

30 20 $553,500 $57,000 $72,350 $245,017 $481,150 $68,481

35 25 $1,923,700 $175,350 $401,596 $1,101,104 $1,522,104 $195,94730 20 $4,495,650 $875,000 $965,133 $2,684,682 $3,530,517 $478,498

35 25 $662,750 $155,550 $175,124 $383,621 $487,626 $51,337

15 15 $4,159,375 $472,000 $1,049,624 $2,051,947 $3,109,751 $578,286

25 15 $3,607,350 $550 $236,173 $1,685,973 $3,371,177 $247,451$15,402,325 1,735,450 2,900,000 8,152,344 12,502,325 1,620,000

%35.6

Budget Summary

Useful Life2019 Rem. Useful

Life

EstimatedReplacement Cost in 2019

2019Expenditures

01/01/2019Current Fund

Balance

01/01/2019Fully Funded

Balance

RemainingBal. to beFunded

2019Contributions

Min MinGeneral Site &

Grounds1 0

Clubhouse 1 0Golf Course 1 0Maintenance

Yard2 0

MaintenanceEquipment

5 0

Irrigation 4 0$ $ $ $ $

Percent Funded:


4-0FullReserve Component List Detail

Rem. Current Cost Estimate

# Component Quantity Useful Life Useful Life Best CaseWorstCase


103 Concrete Surfaces - Repair Extensive GSF 1 0 $8,000 $12,000

201 Asphalt - Resurface Approx 100,000 GSF 30 20 $250,000 $350,000

202 Asphalt - Seal/Repair Approx 100,000 GSF 4 2 $15,000 $20,000

206 Concrete Pavers - Replace Approx 4,000 GSF 25 15 $60,000 $80,000

414 Flag Pole - Replace (1) Flag Pole 30 20 $1,500 $2,500

501 Perimeter Block Walls - Repair Approx 8750 LF 1 0 $13,000 $16,000

503 Metal Railing - Replace Approx 1,000 LF 25 15 $35,000 $45,000

713 Trash Enclosures - Replace (2) Enclosures 20 10 $3,000 $5,000

802 Pole Lights - Replace (20) Poles/Fixtures 20 10 $20,000 $28,000

804 Bollard Lights - Replace (20) Fixtures 20 10 $18,000 $22,000

1107 Metal Railing - Repaint Approx 1,000 LF 5 2 $10,000 $12,000

1114 Perimeter Block Walls - Repaint Approx 65000 GSF 5 0 $29,000 $36,000

1402 Monument Signs - Replace (2) Signs 20 10 $6,000 $10,000

Clubhouse

303 Evaporative Coolers - Replace (4) Systems 15 5 $16,000 $20,000

303 HVAC Systems - Replace (12) Units 15 5 $180,000 $240,000

305 Security System - Replace (1) System 10 2 $25,000 $35,000

306 Exhaust Fans - Repair/Replace (9) Fans 20 10 $31,500 $40,500

329 Fire Alarm System - Replace (1) System 25 15 $20,000 $30,000

331 Water Heater - Replace (1) Heater 15 5 $13,500 $15,500

405 Mist System - Replace (1) System 15 5 $30,000 $40,000

411 Drinking Fountains - Replace (2) Fountains 20 10 $2,000 $2,800

601 Carpet - Replace Approx 1,000 GSY 10 0 $40,000 $50,000

606 Vinyl Flooring - Replace Approx 800 GSF 10 0 $13,000 $15,000

610 Tile Floor - Replace Approx 10,000 GSF 30 20 $180,000 $240,000

717 Exterior Windows & Doors - Replace (1) Clubhouse 35 25 $330,000 $370,000

805 Exterior Lights - Replace (30) Fixtures 20 10 $3,000 $4,500

902 Furniture - Partial Replace (Ext) Assorted Pieces 2 1 $18,000 $22,000

902 Furniture - Partial Replace (Int) Assorted Pieces 2 1 $26,000 $34,000

902 Furniture - Replace (Main DiningRm) (449) Assorted Pieces 12 2 $80,000 $120,000

902 Furniture/Equip - Replace (Admin) Assorted Pieces 10 0 $10,000 $15,000

903 Commercial Dishwasher - Replace (1) 17.7K Capacity 25 15 $55,000 $70,000

903 Kitchen Equip - Replace Assorted Pieces 1 0 $15,000 $20,000

908 Window Treatments - Replace (85) Treatments 10 2 $50,000 $60,000

909 Restrooms/Locker rooms - Refurbish (8) Assorted Rooms 15 5 $115,000 $175,000

910 Bar - Remodel Built-In Millwork/Decor 15 5 $60,000 $80,000

910 Golf Pro Shop - Remodel Built-In Millwork 15 5 $80,000 $120,000

928 A/V Equipment - Replace/Upgrade (1) System 2 1 $8,800 $12,600

929 Ice Machine - Replace (1) Machine 8 2 $7,000 $8,000

1110 Interior Surfaces - Paint Approx 26,500 GSF 10 0 $21,200 $26,500

1141 Building Exterior - Paint Approx 25,000 GSF 10 0 $56,000 $69,000

1301 Roof (Flat) - Replace Approx 3,500 GSF 15 5 $23,000 $26,000

1304 Roof (Tile) - Replace underlayment Approx 18,000 GSF 25 15 $90,000 $108,000

2550 Telephone System - Replace (1) System 20 10 $40,000 $50,000




2620 Point of Sale System - Replace (11) Stations 8 1 $39,000 $50,000

Golf Course

909 Restrooms - Refurbish (6) Restrooms 15 5 $40,000 $50,000

1020 Aeration Systems - Replace (10) EP Systems 25 4 $100,000 $150,000

1115 Cart Path Tunnels - Repaint Approx 5350 GSF 10 8 $7,000 $9,000

1115 Pump House Exterior - Repaint Approx 6650 GSF 10 8 $4,700 $6,700

1301 Roof (Pump House) - Replace Approx 615 GSF 20 10 $5,500 $6,800

1402 Monuments/Signage/Rocks - Replace (305) Assorted Fixtures 30 20 $35,000 $45,000

1701 Bridges - Replace (6) Assorted Bridges 20 10 $81,000 $105,000

3002 Putting Greens - Refurbish (18) Greens 20 10 $620,000 $820,000

3004 Tee Boxes - Refurbish/Redesign (18) Holes; (90) Tees 20 10 $554,000 $654,000

3005 Driving Range - Refurbish (1) Driving range 10 6 $45,000 $55,000

3006 Sand Bunkers - Renovate (103) Assorted Bunkers 10 0 $800,000 $850,000

3007 Fairways/Drainage - Repair (18) Holes 1 0 $40,000 $60,000

4021 Lakes - Refurbish (7) lakes 20 10 $1,550,000 $1,750,000

4051 Ice Machines - Replace (2) Manitowac 10 4 $16,000 $19,000

4203 Picker & Cart - Replace (1) EZ-Go 6 2 $15,000 $16,000

4205 Range Ball Dispenser - Replace (1) Automated unit 7 6 $9,600 $10,000

4210 Rental Clubs - Replace (12) Sets 5 2 $9,000 $12,000

4301 Cart Fleet - Replace (49) total carts 3 2 $196,000 $245,000

Maintenance Yard

205 Concrete Driveway/Lot - Repair Approx 74000 GSF 20 10 $89,000 $111,000

209 Concrete Floors (garage) - Recoat Approx 6300 GSF 8 0 $9,500 $12,600

303 Evaporative Cooler (Maint Bldg) - A (1) Phoenix 8800 CFM 15 5 $3,000 $4,000

303 Evaporative Cooler (Maint Bldg) - B (1) Cooler 15 5 $3,000 $4,000

303 Evaporative Cooler (Storage) - Repl (1) SoutherAir System 15 5 $3,000 $4,000

303 Rooftop Package Systems - Replace (2) BDP Systems 15 5 $18,000 $24,000

305 Security Camera System - Replace (1) System 8 1 $8,500 $10,000

306 Exhaust Fans - Replace (2) Fan Systems 25 15 $7,000 $9,000

329 Fire Alarm System - Replace (1) System 25 15 $20,000 $30,000

331 Water Heater - Replace A (1) Bradford White 65 Ga 15 5 $2,000 $3,000

331 Water Heater - Replace B (1) AO Smith Heater 15 5 $1,000 $1,300

502 Chain Link Fence - Replace Approx 170 LF 35 25 $3,100 $4,100

601 Carpet - Replace Approx 111 GSY 10 0 $4,400 $5,600

606 Vinyl Flooring - Replace Approx 2820 GSF 15 0 $23,000 $28,000

705 Gate Operator - Replace (1) Liftmaster slider 10 3 $3,200 $3,800

717 Exterior Doors & Windows - Replace Assorted Fixtures 35 25 $55,000 $65,000

720 Metal Gates/Pole Lights - Replace Assorted Fixtures 30 20 $53,000 $59,000

850 Air Compressor - Replace (1) Challenge Air 7.5 HP 20 10 $5,000 $6,000

902 Furniture - Partial Replace (Int) Assorted Pieces 2 0 $10,500 $13,000

903 Appliances - Replace Assorted Fixtures 10 1 $9,000 $9,400

904 Kitchen/Office Millwork - Remodel Approx 95 LF 25 15 $25,000 $30,000

907 Acoustic Ceiling Tiles - Replace Approx 2500 GSF 35 25 $15,000 $17,500

908 Window Treatments - Replace (8) Treatments 10 2 $3,200 $4,800

909 Restrooms/Locker Rooms - Refurbish (3) Assorted Rooms 15 0 $50,000 $70,000

1110 Interior Surfaces - Repaint Approx 16770 GSF 10 0 $11,700 $16,800

1114 Perimeter Block Walls - Repaint Approx 28200 GSF 10 0 $12,700 $15,500

1115 Building Exteriors - Repaint Approx 11100 GSF 10 0 $11,100 $16,700




1301 Flat Roof - Replace Approx 9700 GSF 20 10 $63,000 $73,000

1309 Metal Roof (carport) - Replace Approx 1920 GSF 30 20 $23,000 $29,000

1311 Skylights - Replace (18) 2'x8' Skylights 30 20 $14,400 $18,000

1330 Roof Access Hatch - Replace (1) Metal Hatch 30 20 $1,500 $2,000

1818 Fuel Tank System - Replace (1) 2000 Gallon System 15 5 $9,600 $10,000

1900 Vehicle Lifts - Replace (2) Lifts 25 15 $20,000 $25,000


3101 Aerator - Replace A (1) Redexim Verti-Drain 12 2 $16,000 $20,000

3101 Aerators - Replace B (2) Toros Procore 648 12 3 $40,000 $52,000

3101 Aerators - Replace C (2) AerWays and (1) Toro 12 9 $60,000 $78,000

3101 Water Injector- Replace (1) Toro HydroJect 3010 12 0 $16,000 $20,000

3102 Backhoe Loader - Replace (1) John Deere 310K EP 12 11 $95,000 $103,000

3104 Blowers - Replace (3) Toro Pro Force 5 1 $19,500 $23,400

3108 Compressor - Replace (1) Medium Unit 15 5 $6,500 $8,000

3109 Accu-Pro Reel Grinder - Replace (1) 632 ACCU-Pro 10 1 $45,000 $59,500

3109 Anglemaster Bedknife Grinder (1) Grinder 10 9 $25,000 $29,000

3109 Express Dual Reel Grinder (1) Grinder 10 9 $25,000 $29,000

3119 Gator Vehicles - Replace (8) Gators 8 0 $96,000 $112,000

3119 John Deere ProGators - Replace (3) Utility Carts 10 2 $24,000 $36,000

3121 GMC Sierra Truck - Replace (1) Truck 10 6 $22,000 $27,000

3122 Ford Dump Truck - Replace (1) Dump Truck 15 8 $36,000 $44,000

3123 Carryall Utility Carts - Replace (5) Carryalls 12 2 $43,750 $47,500

3123 EZ-Go Utility Carts - Replace (2) EZGO carts 12 3 $22,000 $23,000

3124 Workman Utility Vehicles (2012) (7) Vehicles 10 3 $105,000 $140,000



3124 Workman Utility Vehicles (2015) (1) Vehicle 10 6 $15,000 $20,000


3125 T-Mag Trucks - Replace (3) Trucks 7 0 $36,000 $37,000

3127 Turf Sprayers - Replace (2016) (2) Toro Multi Pros 10 9 $135,000 $141,000

3128 Top Dresser - Replace (2014) (1) Toro ProPass 200 6 1 $15,000 $20,000

3128 Top Dresser - Replace (2016) (1) Toro MH-400 6 3 $15,000 $20,000

3129 Sand Rakers - Replace (2011) (2) Toro Sand Pros 3040 8 0 $27,000 $33,000

3129 Sand Rakers - Replace (2015) (3) Toro Sand Pros 3040 8 4 $40,500 $49,500

3130 Greensmasters 3150D (2) Mowers 8 0 $70,000 $92,000

3130 Greensmasters 3250D (2) Mowers 8 0 $70,000 $92,000

3130 Greensmasters 3300 TriFlex (2012) (4) Mowers 8 1 $140,000 $184,000





3130 Greensmasters Flex 21 (2) Mowers 8 3 $20,000 $30,000

3130 Greensmasters Flex 2100 (2) Mowers 8 5 $20,000 $30,000

3130 Groundsmasters 4700-D (A) (4) Mowers 8 7 $280,000 $328,000

3130 Groundsmasters 4700-D (B) (4) Mowers 8 7 $280,000 $328,000

3130 Reelmasters 3100-D (2011) (2) Mowers 8 0 $70,000 $92,000

3130 Reelmasters 3100-D (2013) (1) Mower 8 2 $35,000 $46,000





3130 Reelmasters 4000-D (1) Mower 8 0 $35,000 $46,000

3130 Reelmasters 5010-H (4) Mowers 8 6 $140,000 $184,000

3130 Reelmasters 7000-D (2013) (1) Mower 8 2 $35,000 $46,000


3131 Spreaders - Replace (3) Lely 15 7 $24,000 $31,500

3132 Speed Roller - Replace (1) Speed Roller 12 6 $12,000 $15,000

3133 Seeder - Replace (1) Land Pride Seeder 12 5 $9,000 $10,500

3135 Sweeper (Tennant) - Replace (2016) (1) Tennant 810 Sweeper 8 5 $30,600 $36,600

3135 Sweeper (Toro) - Replace (2013) (1) Rac 0 Vac Sweeper 8 2 $30,600 $36,600

3135 Sweeper (Toro) - Replace (2017) (1) Rac 0 Vac Sweeper 8 6 $30,600 $36,600

3137 Tire Changer - Replace (1) unit 15 15 $6,400 $8,400

3140 Tractor - Replace (2006) (1) Kubota M4900 15 2 $30,000 $38,800




3140 Tractor - Replace (2012) (1) John Deere Utility 15 8 $30,000 $38,800


3140 Tractor - Replace (2018) (1) John Deere Utility 15 14 $30,000 $38,800

3140 Tractors - Replace (2010) (2) Kubota Tractors 15 6 $60,000 $77,600

3142 Forklift - Replace (2018) (1) Forklift 15 14 $38,000 $55,000

3145 Gearemore Trailer - Replace (2010) (1) Trailer 15 6 $7,500 $10,500

3145 Gearmore Trailers - Replace (2012) (2) Gearmor dump trailers 15 8 $15,000 $21,000

3145 Trailer - Replace (2009) (1) Trailer 15 5 $7,500 $10,500

3145 Trailer - Replace (2013) (1) Trailer 15 9 $7,500 $10,500

3172 Flail - Replace (1) pull-behind flail 10 3 $21,000 $25,000

Irrigation

825 Weather Station - Replace (1) RainBird Station 10 2 $17,300 $19,300

912 Irrigation Computer - Replace (1) RainBird System 5 $525 $575

1003 Irrigation Controllers - Replace (102) Assorted Controller 12 2 $145,000 $165,000

1004 Irrigation Interface Modules - Repl (2) RainBird MIM Systems 12 2 $10,000 $15,000

1006 Irrigation Pumps/Cont (Golf)- Repla (5) Assorted Pumps 20 10 $400,000 $500,000

1006 Irrigation Pumps/Cont (MY)- Repla (8) Assorted Pumps 20 10 $650,000 $850,000

1007 Irrigation Systems - Repair Extensive Systems 4 2 $60,000 $80,000

1007 Irrigation Systems - Replace Extensive Systems 25 15 $1,400,000 $1,800,000

1075 Reservoir - Reline Approx 42,000 GSF 15 9 $400,000 $460,000

1080 Well (#1) - Refurbish (1) Well 10 2 $53,000 $63,000

1080 Well (#2) - Refurbish (1) Well 10 4 $58,000 $68,000

172 Total Funded Components


4-0FullFully Funded Balance

Current Fully

Cost Effective Useful Funded

# Component Estimate X Age / Life = Balance


103 Concrete Surfaces - Repair $10,000 X 1 / 1 = $10,000

201 Asphalt - Resurface $300,000 X 10 / 30 = $100,000

202 Asphalt - Seal/Repair $17,500 X 2 / 4 = $8,750

206 Concrete Pavers - Replace $70,000 X 10 / 25 = $28,000

414 Flag Pole - Replace $2,000 X 10 / 30 = $667

501 Perimeter Block Walls - Repair $14,500 X 1 / 1 = $14,500

503 Metal Railing - Replace $40,000 X 10 / 25 = $16,000

713 Trash Enclosures - Replace $4,000 X 10 / 20 = $2,000

802 Pole Lights - Replace $24,000 X 10 / 20 = $12,000

804 Bollard Lights - Replace $20,000 X 10 / 20 = $10,000

1107 Metal Railing - Repaint $11,000 X 3 / 5 = $6,600

1114 Perimeter Block Walls - Repaint $32,500 X 5 / 5 = $32,500

1402 Monument Signs - Replace $8,000 X 10 / 20 = $4,000

Clubhouse

303 Evaporative Coolers - Replace $18,000 X 10 / 15 = $12,000

303 HVAC Systems - Replace $210,000 X 10 / 15 = $140,000

305 Security System - Replace $30,000 X 8 / 10 = $24,000

306 Exhaust Fans - Repair/Replace $36,000 X 10 / 20 = $18,000

329 Fire Alarm System - Replace $25,000 X 10 / 25 = $10,000

331 Water Heater - Replace $14,500 X 10 / 15 = $9,667

405 Mist System - Replace $35,000 X 10 / 15 = $23,333

411 Drinking Fountains - Replace $2,400 X 10 / 20 = $1,200

601 Carpet - Replace $45,000 X 10 / 10 = $45,000

606 Vinyl Flooring - Replace $14,000 X 10 / 10 = $14,000

610 Tile Floor - Replace $210,000 X 10 / 30 = $70,000

717 Exterior Windows & Doors - Replace $350,000 X 10 / 35 = $100,000

805 Exterior Lights - Replace $3,750 X 10 / 20 = $1,875

902 Furniture - Partial Replace (Ext) $20,000 X 1 / 2 = $10,000

902 Furniture - Partial Replace (Int) $30,000 X 1 / 2 = $15,000

902 Furniture - Replace (Main DiningRm) $100,000 X 10 / 12 = $83,333

902 Furniture/Equip - Replace (Admin) $12,500 X 10 / 10 = $12,500

903 Commercial Dishwasher - Replace $62,500 X 10 / 25 = $25,000

903 Kitchen Equip - Replace $17,500 X 1 / 1 = $17,500

908 Window Treatments - Replace $55,000 X 8 / 10 = $44,000

909 Restrooms/Locker rooms - Refurbish $145,000 X 10 / 15 = $96,667

910 Bar - Remodel $70,000 X 10 / 15 = $46,667

910 Golf Pro Shop - Remodel $100,000 X 10 / 15 = $66,667

928 A/V Equipment - Replace/Upgrade $10,700 X 1 / 2 = $5,350

929 Ice Machine - Replace $7,500 X 6 / 8 = $5,625

1110 Interior Surfaces - Paint $23,850 X 10 / 10 = $23,850

1141 Building Exterior - Paint $62,500 X 10 / 10 = $62,500

1301 Roof (Flat) - Replace $24,500 X 10 / 15 = $16,333

1304 Roof (Tile) - Replace underlayment $99,000 X 10 / 25 = $39,600

2550 Telephone System - Replace $45,000 X 10 / 20 = $22,500


Current Fully



2620 Point of Sale System - Replace $44,500 X 7 / 8 = $38,938

Golf Course

909 Restrooms - Refurbish $45,000 X 10 / 15 = $30,000

1020 Aeration Systems - Replace $125,000 X 21 / 25 = $105,000

1115 Cart Path Tunnels - Repaint $8,000 X 2 / 10 = $1,600

1115 Pump House Exterior - Repaint $5,700 X 2 / 10 = $1,140

1301 Roof (Pump House) - Replace $6,150 X 10 / 20 = $3,075

1402 Monuments/Signage/Rocks - Replace $40,000 X 10 / 30 = $13,333

1701 Bridges - Replace $93,000 X 10 / 20 = $46,500

3002 Putting Greens - Refurbish $720,000 X 10 / 20 = $360,000

3004 Tee Boxes - Refurbish/Redesign $604,000 X 10 / 20 = $302,000

3005 Driving Range - Refurbish $50,000 X 4 / 10 = $20,000

3006 Sand Bunkers - Renovate $825,000 X 10 / 10 = $825,000

3007 Fairways/Drainage - Repair $50,000 X 1 / 1 = $50,000

4021 Lakes - Refurbish $1,650,000 X 10 / 20 = $825,000

4051 Ice Machines - Replace $17,500 X 6 / 10 = $10,500

4203 Picker & Cart - Replace $15,500 X 4 / 6 = $10,333

4205 Range Ball Dispenser - Replace $9,800 X 1 / 7 = $1,400

4210 Rental Clubs - Replace $10,500 X 3 / 5 = $6,300

4301 Cart Fleet - Replace $220,500 X 1 / 3 = $73,500

Maintenance Yard

205 Concrete Driveway/Lot - Repair $100,000 X 10 / 20 = $50,000

209 Concrete Floors (garage) - Recoat $11,050 X 8 / 8 = $11,050

303 Evaporative Cooler (Maint Bldg) - A $3,500 X 10 / 15 = $2,333

303 Evaporative Cooler (Maint Bldg) - B $3,500 X 10 / 15 = $2,333

303 Evaporative Cooler (Storage) - Repl $3,500 X 10 / 15 = $2,333

303 Rooftop Package Systems - Replace $21,000 X 10 / 15 = $14,000

305 Security Camera System - Replace $9,250 X 7 / 8 = $8,094

306 Exhaust Fans - Replace $8,000 X 10 / 25 = $3,200

329 Fire Alarm System - Replace $25,000 X 10 / 25 = $10,000

331 Water Heater - Replace A $2,500 X 10 / 15 = $1,667

331 Water Heater - Replace B $1,150 X 10 / 15 = $767

502 Chain Link Fence - Replace $3,600 X 10 / 35 = $1,029

601 Carpet - Replace $5,000 X 10 / 10 = $5,000

606 Vinyl Flooring - Replace $25,500 X 15 / 15 = $25,500

705 Gate Operator - Replace $3,500 X 7 / 10 = $2,450

717 Exterior Doors & Windows - Replace $60,000 X 10 / 35 = $17,143

720 Metal Gates/Pole Lights - Replace $56,000 X 10 / 30 = $18,667

850 Air Compressor - Replace $5,500 X 10 / 20 = $2,750

902 Furniture - Partial Replace (Int) $11,750 X 2 / 2 = $11,750

903 Appliances - Replace $9,200 X 9 / 10 = $8,280

904 Kitchen/Office Millwork - Remodel $27,500 X 10 / 25 = $11,000

907 Acoustic Ceiling Tiles - Replace $16,250 X 10 / 35 = $4,643

908 Window Treatments - Replace $4,000 X 8 / 10 = $3,200

909 Restrooms/Locker Rooms - Refurbish $60,000 X 15 / 15 = $60,000

1110 Interior Surfaces - Repaint $14,250 X 10 / 10 = $14,250

1114 Perimeter Block Walls - Repaint $14,100 X 10 / 10 = $14,100

1115 Building Exteriors - Repaint $13,900 X 10 / 10 = $13,900


Current Fully



1301 Flat Roof - Replace $68,000 X 10 / 20 = $34,000

1309 Metal Roof (carport) - Replace $26,000 X 10 / 30 = $8,667

1311 Skylights - Replace $16,200 X 10 / 30 = $5,400

1330 Roof Access Hatch - Replace $1,750 X 10 / 30 = $583

1818 Fuel Tank System - Replace $9,800 X 10 / 15 = $6,533

1900 Vehicle Lifts - Replace $22,500 X 10 / 25 = $9,000


3101 Aerator - Replace A $18,000 X 10 / 12 = $15,000

3101 Aerators - Replace B $46,000 X 9 / 12 = $34,500

3101 Aerators - Replace C $69,000 X 3 / 12 = $17,250

3101 Water Injector- Replace $18,000 X 12 / 12 = $18,000

3102 Backhoe Loader - Replace $99,000 X 1 / 12 = $8,250

3104 Blowers - Replace $21,450 X 4 / 5 = $17,160

3108 Compressor - Replace $7,250 X 10 / 15 = $4,833

3109 Accu-Pro Reel Grinder - Replace $52,250 X 9 / 10 = $47,025

3109 Anglemaster Bedknife Grinder $27,000 X 1 / 10 = $2,700

3109 Express Dual Reel Grinder $27,000 X 1 / 10 = $2,700

3119 Gator Vehicles - Replace $104,000 X 8 / 8 = $104,000

3119 John Deere ProGators - Replace $30,000 X 8 / 10 = $24,000

3121 GMC Sierra Truck - Replace $24,500 X 4 / 10 = $9,800

3122 Ford Dump Truck - Replace $40,000 X 7 / 15 = $18,667

3123 Carryall Utility Carts - Replace $45,625 X 10 / 12 = $38,021

3123 EZ-Go Utility Carts - Replace $22,500 X 9 / 12 = $16,875

3124 Workman Utility Vehicles (2012) $122,500 X 7 / 10 = $85,750





3125 T-Mag Trucks - Replace $36,500 X 7 / 7 = $36,500

3127 Turf Sprayers - Replace (2016) $138,000 X 1 / 10 = $13,800

3128 Top Dresser - Replace (2014) $17,500 X 5 / 6 = $14,583

3128 Top Dresser - Replace (2016) $17,500 X 3 / 6 = $8,750

3129 Sand Rakers - Replace (2011) $30,000 X 8 / 8 = $30,000

3129 Sand Rakers - Replace (2015) $45,000 X 4 / 8 = $22,500

3130 Greensmasters 3150D $81,000 X 8 / 8 = $81,000

3130 Greensmasters 3250D $81,000 X 8 / 8 = $81,000

3130 Greensmasters 3300 TriFlex (2012) $162,000 X 7 / 8 = $141,750





3130 Greensmasters Flex 21 $25,000 X 5 / 8 = $15,625

3130 Greensmasters Flex 2100 $25,000 X 3 / 8 = $9,375

3130 Groundsmasters 4700-D (A) $304,000 X 1 / 8 = $38,000

3130 Groundsmasters 4700-D (B) $304,000 X 1 / 8 = $38,000

3130 Reelmasters 3100-D (2011) $81,000 X 8 / 8 = $81,000

3130 Reelmasters 3100-D (2013) $40,500 X 6 / 8 = $30,375

3130 Reelmasters 3100-D (2015) $81,000 X 4 / 8 = $40,500


Current Fully



3130 Reelmasters 4000-D $40,500 X 8 / 8 = $40,500

3130 Reelmasters 5010-H $162,000 X 2 / 8 = $40,500

3130 Reelmasters 7000-D (2013) $40,500 X 6 / 8 = $30,375

3130 Reelmasters 7000-D (2017) $121,500 X 2 / 8 = $30,375

3131 Spreaders - Replace $27,750 X 8 / 15 = $14,800

3132 Speed Roller - Replace $13,500 X 6 / 12 = $6,750

3133 Seeder - Replace $9,750 X 7 / 12 = $5,688

3135 Sweeper (Tennant) - Replace (2016) $33,600 X 3 / 8 = $12,600

3135 Sweeper (Toro) - Replace (2013) $33,600 X 6 / 8 = $25,200

3135 Sweeper (Toro) - Replace (2017) $33,600 X 2 / 8 = $8,400

3137 Tire Changer - Replace $7,400 X 0 / 15 = $0

3140 Tractor - Replace (2006) $34,400 X 13 / 15 = $29,813







3140 Tractors - Replace (2010) $68,800 X 9 / 15 = $41,280

3142 Forklift - Replace (2018) $46,500 X 1 / 15 = $3,100

3145 Gearemore Trailer - Replace (2010) $9,000 X 9 / 15 = $5,400

3145 Gearmore Trailers - Replace (2012) $18,000 X 7 / 15 = $8,400

3145 Trailer - Replace (2009) $9,000 X 10 / 15 = $6,000

3145 Trailer - Replace (2013) $9,000 X 6 / 15 = $3,600

3172 Flail - Replace $23,000 X 7 / 10 = $16,100

Irrigation

825 Weather Station - Replace $18,300 X 8 / 10 = $14,640

912 Irrigation Computer - Replace $550 X 5 / 5 = $550

1003 Irrigation Controllers - Replace $155,000 X 10 / 12 = $129,167

1004 Irrigation Interface Modules - Repl $12,500 X 10 / 12 = $10,417

1006 Irrigation Pumps/Cont (Golf)- Repla $450,000 X 10 / 20 = $225,000

1006 Irrigation Pumps/Cont (MY)- Repla $750,000 X 10 / 20 = $375,000

1007 Irrigation Systems - Repair $70,000 X 2 / 4 = $35,000

1007 Irrigation Systems - Replace $1,600,000 X 10 / 25 = $640,000

1075 Reservoir - Reline $430,000 X 6 / 15 = $172,000

1080 Well (#1) - Refurbish $58,000 X 8 / 10 = $46,400

1080 Well (#2) - Refurbish $63,000 X 6 / 10 = $37,800

$8,152,344


4-0Full

# UL RULCurrent Cost

EstimateFully Funded

Balance

ProportionalReserveContribs

103 1 0 $10,000 $10,000 $1,041

201 30 20 $300,000 $100,000 $1,041

202 4 2 $17,500 $8,750 $455

206 25 15 $70,000 $28,000 $291

414 30 20 $2,000 $667 $7

501 1 0 $14,500 $14,500 $1,509

503 25 15 $40,000 $16,000 $166

713 20 10 $4,000 $2,000 $21

802 20 10 $24,000 $12,000 $125

804 20 10 $20,000 $10,000 $104

1107 5 2 $11,000 $6,600 $229

1114 5 0 $32,500 $32,500 $676

1402 20 10 $8,000 $4,000 $42

303 15 5 $18,000 $12,000 $125

303 15 5 $210,000 $140,000 $1,457

305 10 2 $30,000 $24,000 $312

306 20 10 $36,000 $18,000 $187

329 25 15 $25,000 $10,000 $104

331 15 5 $14,500 $9,667 $101

405 15 5 $35,000 $23,333 $243

411 20 10 $2,400 $1,200 $12

601 10 0 $45,000 $45,000 $468

606 10 0 $14,000 $14,000 $146

610 30 20 $210,000 $70,000 $728

717 35 25 $350,000 $100,000 $1,041

805 20 10 $3,750 $1,875 $20

902 2 1 $20,000 $10,000 $1,041

902 2 1 $30,000 $15,000 $1,561

902 12 2 $100,000 $83,333 $867

902 10 0 $12,500 $12,500 $130

903 25 15 $62,500 $25,000 $260

903 1 0 $17,500 $17,500 $1,821

908 10 2 $55,000 $44,000 $572

909 15 5 $145,000 $96,667 $1,006

910 15 5 $70,000 $46,667 $486

910 15 5 $100,000 $66,667 $694

928 2 1 $10,700 $5,350 $557

929 8 2 $7,500 $5,625 $98

Accounting Tax Summary

Component


Concrete Surfaces - Repair

Asphalt - Resurface

Asphalt - Seal/Repair

Concrete Pavers - Replace

Flag Pole - Replace

Perimeter Block Walls - Repair

Metal Railing - Replace

Trash Enclosures - Replace

Pole Lights - Replace

Bollard Lights - Replace

Metal Railing - Repaint

Perimeter Block Walls - Repaint

Monument Signs - Replace

Clubhouse

Evaporative Coolers - Replace

HVAC Systems - Replace

Security System - Replace

Exhaust Fans - Repair/Replace

Fire Alarm System - Replace

Water Heater - Replace

Mist System - Replace

Drinking Fountains - Replace

Carpet - Replace

Vinyl Flooring - Replace

Tile Floor - Replace

Exterior Windows & Doors - Replace

Exterior Lights - Replace

Furniture - Partial Replace (Ext)

Furniture - Partial Replace (Int)

Furniture - Replace (Main DiningRm)

Furniture/Equip - Replace (Admin)

Commercial Dishwasher - Replace

Kitchen Equip - Replace

Window Treatments - Replace

Restrooms/Locker rooms - Refurbish

Bar - Remodel

Golf Pro Shop - Remodel

A/V Equipment - Replace/Upgrade

Ice Machine - Replace


1110 10 0 $23,850 $23,850 $248

1141 10 0 $62,500 $62,500 $650

1301 15 5 $24,500 $16,333 $170

1304 25 15 $99,000 $39,600 $412

2550 20 10 $45,000 $22,500 $234

2620 8 1 $44,500 $38,938 $579

909 15 5 $45,000 $30,000 $312

1020 25 4 $125,000 $105,000 $520

1115 10 8 $8,000 $1,600 $83

1115 10 8 $5,700 $1,140 $59

1301 20 10 $6,150 $3,075 $32

1402 30 20 $40,000 $13,333 $139

1701 20 10 $93,000 $46,500 $484

3002 20 10 $720,000 $360,000 $3,746

3004 20 10 $604,000 $302,000 $3,143

3005 10 6 $50,000 $20,000 $520

3006 10 0 $825,000 $825,000 $8,585

3007 1 0 $50,000 $50,000 $5,203

4021 20 10 $1,650,000 $825,000 $8,585

4051 10 4 $17,500 $10,500 $182

4203 6 2 $15,500 $10,333 $269

4205 7 6 $9,800 $1,400 $146

4210 5 2 $10,500 $6,300 $219

4301 3 2 $220,500 $73,500 $7,648

205 20 10 $100,000 $50,000 $520

209 8 0 $11,050 $11,050 $144

303 15 5 $3,500 $2,333 $24

303 15 5 $3,500 $2,333 $24

303 15 5 $3,500 $2,333 $24

303 15 5 $21,000 $14,000 $146

305 8 1 $9,250 $8,094 $120

306 25 15 $8,000 $3,200 $33

329 25 15 $25,000 $10,000 $104

331 15 5 $2,500 $1,667 $17

331 15 5 $1,150 $767 $8

502 35 25 $3,600 $1,029 $11

601 10 0 $5,000 $5,000 $52

606 15 0 $25,500 $25,500 $177

705 10 3 $3,500 $2,450 $36

717 35 25 $60,000 $17,143 $178

720 30 20 $56,000 $18,667 $194

850 20 10 $5,500 $2,750 $29

902 2 0 $11,750 $11,750 $611

Interior Surfaces - Paint

Building Exterior - Paint

Roof (Flat) - Replace

Roof (Tile) - Replace underlayment

Telephone System - Replace

Point of Sale System - Replace

Golf Course

Restrooms - Refurbish

Aeration Systems - Replace

Cart Path Tunnels - Repaint

Pump House Exterior - Repaint

Roof (Pump House) - Replace

Monuments/Signage/Rocks - Replace

Bridges - Replace

Putting Greens - Refurbish

Tee Boxes - Refurbish/Redesign

Driving Range - Refurbish

Sand Bunkers - Renovate

Fairways/Drainage - Repair

Lakes - Refurbish

Ice Machines - Replace

Picker & Cart - Replace

Range Ball Dispenser - Replace

Rental Clubs - Replace

Cart Fleet - Replace

Maintenance Yard

Concrete Driveway/Lot - Repair

Concrete Floors (garage) - Recoat

Evaporative Cooler (Maint Bldg) - A

Evaporative Cooler (Maint Bldg) - B

Evaporative Cooler (Storage) - Repl

Rooftop Package Systems - Replace

Security Camera System - Replace

Exhaust Fans - Replace

Fire Alarm System - Replace

Water Heater - Replace A

Water Heater - Replace B

Chain Link Fence - Replace

Carpet - Replace

Vinyl Flooring - Replace

Gate Operator - Replace

Exterior Doors & Windows - Replace

Metal Gates/Pole Lights - Replace

Air Compressor - Replace

Furniture - Partial Replace (Int)


903 10 1 $9,200 $8,280 $96

904 25 15 $27,500 $11,000 $114

907 35 25 $16,250 $4,643 $48

908 10 2 $4,000 $3,200 $42

909 15 0 $60,000 $60,000 $416

1110 10 0 $14,250 $14,250 $148

1114 10 0 $14,100 $14,100 $147

1115 10 0 $13,900 $13,900 $145

1301 20 10 $68,000 $34,000 $354

1309 30 20 $26,000 $8,667 $90

1311 30 20 $16,200 $5,400 $56

1330 30 20 $1,750 $583 $6

1818 15 5 $9,800 $6,533 $68

1900 25 15 $22,500 $9,000 $94

3101 12 2 $18,000 $15,000 $156

3101 12 3 $46,000 $34,500 $399

3101 12 9 $69,000 $17,250 $598

3101 12 0 $18,000 $18,000 $156

3102 12 11 $99,000 $8,250 $858

3104 5 1 $21,450 $17,160 $446

3108 15 5 $7,250 $4,833 $50

3109 10 1 $52,250 $47,025 $544

3109 10 9 $27,000 $2,700 $281

3109 10 9 $27,000 $2,700 $281

3119 8 0 $104,000 $104,000 $1,353

3119 10 2 $30,000 $24,000 $312

3121 10 6 $24,500 $9,800 $255

3122 15 8 $40,000 $18,667 $277

3123 12 2 $45,625 $38,021 $396

3123 12 3 $22,500 $16,875 $195

3124 10 3 $122,500 $85,750 $1,275

3124 10 4 $70,000 $42,000 $728

3124 10 5 $52,500 $26,250 $546

3124 10 6 $17,500 $7,000 $182

3124 10 7 $140,000 $42,000 $1,457

3125 7 0 $36,500 $36,500 $543

3127 10 9 $138,000 $13,800 $1,436

3128 6 1 $17,500 $14,583 $304

Appliances - Replace

Kitchen/Office Millwork - Remodel

Acoustic Ceiling Tiles - Replace

Window Treatments - Replace

Restrooms/Locker Rooms - Refurbish

Interior Surfaces - Repaint

Perimeter Block Walls - Repaint

Building Exteriors - Repaint

Flat Roof - Replace

Metal Roof (carport) - Replace

Skylights - Replace

Roof Access Hatch - Replace

Fuel Tank System - Replace

Vehicle Lifts - Replace


Aerator - Replace A

Aerators - Replace B

Aerators - Replace C

Water Injector- Replace

Backhoe Loader - Replace

Blowers - Replace

Compressor - Replace

Accu-Pro Reel Grinder - Replace

Anglemaster Bedknife Grinder

Express Dual Reel Grinder

Gator Vehicles - Replace

John Deere ProGators - Replace

GMC Sierra Truck - Replace

Ford Dump Truck - Replace

Carryall Utility Carts - Replace

EZ-Go Utility Carts - Replace

Workman Utility Vehicles (2012)





T-Mag Trucks - Replace

Turf Sprayers - Replace (2016)

Top Dresser - Replace (2014)3128 6 1 $17,500 $14,583 $304

3128 6 3 $17,500 $8,750 $304

3129 8 0 $30,000 $30,000 $390

3129 8 4 $45,000 $22,500 $585

3130 8 0 $81,000 $81,000 $1,054

3130 8 0 $81,000 $81,000 $1,054

3130 8 1 $162,000 $141,750 $2,107

Top Dresser - Replace (2014)

Top Dresser - Replace (2016)

Sand Rakers - Replace (2011)

Sand Rakers - Replace (2015)

Greensmasters 3150D

Greensmasters 3250D

Greensmasters 3300 TriFlex (2012)


3130 8 2 $81,000 $60,750 $1,054

3130 8 3 $162,000 $101,250 $2,107

3130 8 4 $283,500 $141,750 $3,688

3130 8 5 $162,000 $60,750 $2,107

3130 8 3 $25,000 $15,625 $325

3130 8 5 $25,000 $9,375 $325

3130 8 7 $304,000 $38,000 $3,954

3130 8 7 $304,000 $38,000 $3,954

3130 8 0 $81,000 $81,000 $1,054

3130 8 2 $40,500 $30,375 $527

3130 8 4 $81,000 $40,500 $1,054

3130 8 0 $40,500 $40,500 $527

3130 8 6 $162,000 $40,500 $2,107

3130 8 2 $40,500 $30,375 $527

3130 8 6 $121,500 $30,375 $1,580

3131 15 7 $27,750 $14,800 $193

3132 12 6 $13,500 $6,750 $117

3133 12 5 $9,750 $5,688 $85

3135 8 5 $33,600 $12,600 $437

3135 8 2 $33,600 $25,200 $437

3135 8 6 $33,600 $8,400 $437

3137 15 15 $7,400 $0 $51

3140 15 2 $34,400 $29,813 $239

3140 15 3 $34,400 $27,520 $239

3140 15 5 $34,400 $22,933 $239

3140 15 7 $34,400 $18,347 $239

3140 15 8 $34,400 $16,053 $239

3140 15 12 $34,400 $6,880 $239

3140 15 14 $34,400 $2,293 $239

3140 15 6 $68,800 $41,280 $477

3142 15 14 $46,500 $3,100 $323

3145 15 6 $9,000 $5,400 $62

3145 15 8 $18,000 $8,400 $125

3145 15 5 $9,000 $6,000 $62

3145 15 9 $9,000 $3,600 $62

3172 10 3 $23,000 $16,100 $239

825 10 2 $18,300 $14,640 $190

912 5 $550 $550 $11

1003 12 2 $155,000 $129,167 $1,344

1004 12 2 $12,500 $10,417 $108

1006 20 10 $450,000 $225,000 $2,341

1006 20 10 $750,000 $375,000 $3,902

1007 4 2 $70,000 $35,000 $1,821

1007 25 15 $1,600,000 $640,000 $6,660





Greensmasters Flex 21

Greensmasters Flex 2100

Groundsmasters 4700-D (A)

Groundsmasters 4700-D (B)

Reelmasters 3100-D (2011)



Reelmasters 4000-D

Reelmasters 5010-H



Spreaders - Replace

Speed Roller - Replace

Seeder - Replace

Sweeper (Tennant) - Replace (2016)

Sweeper (Toro) - Replace (2013)

Sweeper (Toro) - Replace (2017)

Tire Changer - Replace

Tractor - Replace (2006)







Tractors - Replace (2010)

Forklift - Replace (2018)

Gearemore Trailer - Replace (2010)

Gearmore Trailers - Replace (2012)

Trailer - Replace (2009)

Trailer - Replace (2013)

Flail - Replace

Irrigation

Weather Station - Replace

Irrigation Computer - Replace

Irrigation Controllers - Replace

Irrigation Interface Modules - Repl

Irrigation Pumps/Cont (Golf)- Repla

Irrigation Pumps/Cont (MY)- Repla

Irrigation Systems - Repair

Irrigation Systems - Replace


1075 15 9 $430,000 $172,000 $2,983

1080 10 2 $58,000 $46,400 $604

1080 10 4 $63,000 $37,800 $656

172 $8,152,344 $135,000

Reservoir - Reline

Well (#1) - Refurbish

Well (#2) - Refurbish

Total Funded Components


4-0Full

1.00 % 3.00 %

30-Year Reserve Plan Summary

Fiscal Year Start: 2019 Interest: Inflation:

Reserve Fund Strength Calculations: (All values of Fiscal Year StartDate)

Projected Reserve Balance Changes

Starting Fully Special Loan or

Reserve Funded PercentFundingNeeds

Reserve Special Interest Reserve

Year Balance Balance Funded Risk Contribs. Funding Needs Income Expenses2019 $2,900,000 $8,152,344 35.6 % Medium $1,620,000 $0 $28,553 $1,735,4502020 $2,813,103 $7,945,659 35.4 % Medium $1,668,600 $0 $34,216 $482,9162021 $4,033,004 $9,062,973 44.5 % Medium $1,718,658 $0 $42,686 $1,286,5272022 $4,507,821 $9,427,376 47.8 % Medium $1,770,218 $0 $50,834 $665,5802023 $5,663,293 $10,484,816 54.0 % Medium $1,823,324 $0 $61,593 $887,7452024 $6,660,464 $11,388,954 58.5 % Medium $1,878,024 $0 $67,920 $1,677,1222025 $6,929,287 $11,552,278 60.0 % Medium $1,934,365 $0 $74,992 $863,1802026 $8,075,463 $12,605,333 64.1 % Medium $1,992,396 $0 $84,719 $1,277,0402027 $8,875,538 $13,311,572 66.7 % Medium $2,052,168 $0 $93,908 $1,107,6642028 $9,913,949 $14,262,758 69.5 % Medium $2,113,733 $0 $103,095 $1,416,9182029 $10,713,859 $14,974,730 71.5 % Low $2,177,145 $0 $77,745 $8,127,0662030 $4,841,682 $8,848,914 54.7 % Medium $2,242,459 $0 $54,743 $1,027,2402031 $6,111,644 $9,906,019 61.7 % Medium $2,309,733 $0 $67,396 $1,115,5872032 $7,373,186 $10,959,331 67.3 % Medium $2,379,025 $0 $81,966 $807,1062033 $9,027,071 $12,419,133 72.7 % Low $2,450,395 $0 $92,787 $2,031,9752034 $9,538,278 $12,719,983 75.0 % Low $2,523,907 $0 $84,985 $4,681,1472035 $7,466,024 $10,361,849 72.1 % Low $2,599,624 $0 $82,856 $1,036,2392036 $9,112,266 $11,749,682 77.6 % Low $2,677,613 $0 $98,394 $1,313,3532037 $10,574,920 $12,958,051 81.6 % Low $2,757,942 $0 $116,189 $776,2242038 $12,672,827 $14,822,172 85.5 % Low $2,840,680 $0 $136,742 $963,0262039 $14,687,223 $16,618,059 88.4 % Low $2,925,900 $0 $132,925 $5,836,9002040 $11,909,149 $13,518,026 88.1 % Low $3,013,677 $0 $128,637 $1,222,2142041 $13,829,250 $15,150,522 91.3 % Low $3,104,088 $0 $146,942 $1,508,5482042 $15,571,732 $16,611,643 93.7 % Low $3,197,210 $0 $159,391 $2,608,2922043 $16,320,041 $17,060,674 95.7 % Low $3,293,126 $0 $168,854 $2,316,9792044 $17,465,042 $17,902,345 97.6 % Low $3,391,920 $0 $183,011 $1,887,2272045 $19,152,747 $19,293,401 99.3 % Low $3,476,718 $0 $198,227 $2,318,1742046 $20,509,519 $20,366,248 100.7 % Low $3,563,636 $0 $216,893 $1,402,5222047 $22,887,526 $22,500,855 101.7 % Low $3,652,727 $0 $241,799 $1,289,1332048 $25,492,920 $24,905,337 102.4 % Low $3,744,045 $0 $263,053 $2,359,983


4-0Full30-Year Income/Expense Detail (yrs 0 through 4)

Fiscal Year 2019 2020 2021 2022 2023Starting Reserve Balance $2,900,000 $2,813,103 $4,033,004 $4,507,821 $5,663,293Annual Reserve Contribution $1,620,000 $1,668,600 $1,718,658 $1,770,218 $1,823,324Recommended Special Assessments $0 $0 $0 $0 $0Interest Earnings $28,553 $34,216 $42,686 $50,834 $61,593Total Income $4,548,553 $4,515,919 $5,794,348 $6,328,873 $7,548,210

# Component


103 Concrete Surfaces - Repair $10,000 $10,300 $10,609 $10,927 $11,255201 Asphalt - Resurface $0 $0 $0 $0 $0202 Asphalt - Seal/Repair $0 $0 $18,566 $0 $0206 Concrete Pavers - Replace $0 $0 $0 $0 $0414 Flag Pole - Replace $0 $0 $0 $0 $0501 Perimeter Block Walls - Repair $14,500 $14,935 $15,383 $15,845 $16,320503 Metal Railing - Replace $0 $0 $0 $0 $0713 Trash Enclosures - Replace $0 $0 $0 $0 $0802 Pole Lights - Replace $0 $0 $0 $0 $0804 Bollard Lights - Replace $0 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $11,670 $0 $01114 Perimeter Block Walls - Repaint $32,500 $0 $0 $0 $01402 Monument Signs - Replace $0 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $0 $0 $0 $0 $0303 HVAC Systems - Replace $0 $0 $0 $0 $0305 Security System - Replace $0 $0 $31,827 $0 $0306 Exhaust Fans - Repair/Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace $0 $0 $0 $0 $0405 Mist System - Replace $0 $0 $0 $0 $0411 Drinking Fountains - Replace $0 $0 $0 $0 $0601 Carpet - Replace $45,000 $0 $0 $0 $0606 Vinyl Flooring - Replace $14,000 $0 $0 $0 $0610 Tile Floor - Replace $0 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $0 $0 $0 $0 $0805 Exterior Lights - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $0 $20,600 $0 $21,855 $0902 Furniture - Partial Replace (Int) $0 $30,900 $0 $32,782 $0902 Furniture - Replace (Main DiningRm) $0 $0 $106,090 $0 $0902 Furniture/Equip - Replace (Admin) $12,500 $0 $0 $0 $0903 Commercial Dishwasher - Replace $0 $0 $0 $0 $0903 Kitchen Equip - Replace $17,500 $18,025 $18,566 $19,123 $19,696908 Window Treatments - Replace $0 $0 $58,350 $0 $0909 Restrooms/Locker rooms - Refurbish $0 $0 $0 $0 $0910 Bar - Remodel $0 $0 $0 $0 $0910 Golf Pro Shop - Remodel $0 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $0 $11,021 $0 $11,692 $0929 Ice Machine - Replace $0 $0 $7,957 $0 $01110 Interior Surfaces - Paint $23,850 $0 $0 $0 $01141 Building Exterior - Paint $62,500 $0 $0 $0 $01301 Roof (Flat) - Replace $0 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $0 $0 $0 $0 $02550 Telephone System - Replace $0 $0 $0 $0 $02620 Point of Sale System - Replace $0 $45,835 $0 $0 $0

Golf Course

909 Restrooms - Refurbish $0 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $140,6891115 Cart Path Tunnels - Repaint $0 $0 $0 $0 $01115 Pump House Exterior - Repaint $0 $0 $0 $0 $01301 Roof (Pump House) - Replace $0 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $0 $0 $0 $0 $01701 Bridges - Replace $0 $0 $0 $0 $03002 Putting Greens - Refurbish $0 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $0 $0 $0 $0 $03005 Driving Range - Refurbish $0 $0 $0 $0 $0


Fiscal Year 2019 2020 2021 2022 20233006 Sand Bunkers - Renovate $825,000 $0 $0 $0 $03007 Fairways/Drainage - Repair $50,000 $51,500 $53,045 $54,636 $56,2754021 Lakes - Refurbish $0 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $19,6964203 Picker & Cart - Replace $0 $0 $16,444 $0 $04205 Range Ball Dispenser - Replace $0 $0 $0 $0 $04210 Rental Clubs - Replace $0 $0 $11,139 $0 $04301 Cart Fleet - Replace $0 $0 $233,928 $0 $0

Maintenance Yard

205 Concrete Driveway/Lot - Repair $0 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $11,050 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - A $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $0 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $0 $0 $0 $0 $0303 Rooftop Package Systems - Replace $0 $0 $0 $0 $0305 Security Camera System - Replace $0 $9,528 $0 $0 $0306 Exhaust Fans - Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace A $0 $0 $0 $0 $0331 Water Heater - Replace B $0 $0 $0 $0 $0502 Chain Link Fence - Replace $0 $0 $0 $0 $0601 Carpet - Replace $5,000 $0 $0 $0 $0606 Vinyl Flooring - Replace $25,500 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $3,825 $0717 Exterior Doors & Windows - Replace $0 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $0 $0 $0 $0 $0850 Air Compressor - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $11,750 $0 $12,466 $0 $13,225903 Appliances - Replace $0 $9,476 $0 $0 $0904 Kitchen/Office Millwork - Remodel $0 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $0 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $4,244 $0 $0909 Restrooms/Locker Rooms - Refurbish $60,000 $0 $0 $0 $01110 Interior Surfaces - Repaint $14,250 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $14,100 $0 $0 $0 $01115 Building Exteriors - Repaint $13,900 $0 $0 $0 $01301 Flat Roof - Replace $0 $0 $0 $0 $01309 Metal Roof (carport) - Replace $0 $0 $0 $0 $01311 Skylights - Replace $0 $0 $0 $0 $01330 Roof Access Hatch - Replace $0 $0 $0 $0 $01818 Fuel Tank System - Replace $0 $0 $0 $0 $01900 Vehicle Lifts - Replace $0 $0 $0 $0 $0


3101 Aerator - Replace A $0 $0 $19,096 $0 $03101 Aerators - Replace B $0 $0 $0 $50,265 $03101 Aerators - Replace C $0 $0 $0 $0 $03101 Water Injector- Replace $18,000 $0 $0 $0 $03102 Backhoe Loader - Replace $0 $0 $0 $0 $03104 Blowers - Replace $0 $22,094 $0 $0 $03108 Compressor - Replace $0 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $53,818 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $03109 Express Dual Reel Grinder $0 $0 $0 $0 $03119 Gator Vehicles - Replace $104,000 $0 $0 $0 $03119 John Deere ProGators - Replace $0 $0 $31,827 $0 $03121 GMC Sierra Truck - Replace $0 $0 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $0 $03123 Carryall Utility Carts - Replace $0 $0 $48,404 $0 $03123 EZ-Go Utility Carts - Replace $0 $0 $0 $24,586 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $133,859 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $78,7863124 Workman Utility Vehicles (2014) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $0 $0 $03125 T-Mag Trucks - Replace $36,500 $0 $0 $0 $03127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $03128 Top Dresser - Replace (2014) $0 $18,025 $0 $0 $03128 Top Dresser - Replace (2016) $0 $0 $0 $19,123 $03129 Sand Rakers - Replace (2011) $30,000 $0 $0 $0 $0


Fiscal Year 2019 2020 2021 2022 20233129 Sand Rakers - Replace (2015) $0 $0 $0 $0 $50,6483130 Greensmasters 3150D $81,000 $0 $0 $0 $03130 Greensmasters 3250D $81,000 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2012) $0 $166,860 $0 $0 $03130 Greensmasters 3300 TriFlex (2013) $0 $0 $85,933 $0 $03130 Greensmasters 3300 TriFlex (2014) $0 $0 $0 $177,022 $03130 Greensmasters 3300 TriFlex (2015) $0 $0 $0 $0 $319,0823130 Greensmasters 3300 TriFlex (2016) $0 $0 $0 $0 $03130 Greensmasters Flex 21 $0 $0 $0 $27,318 $03130 Greensmasters Flex 2100 $0 $0 $0 $0 $03130 Groundsmasters 4700-D (A) $0 $0 $0 $0 $03130 Groundsmasters 4700-D (B) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2011) $81,000 $0 $0 $0 $03130 Reelmasters 3100-D (2013) $0 $0 $42,966 $0 $03130 Reelmasters 3100-D (2015) $0 $0 $0 $0 $91,1663130 Reelmasters 4000-D $40,500 $0 $0 $0 $03130 Reelmasters 5010-H $0 $0 $0 $0 $03130 Reelmasters 7000-D (2013) $0 $0 $42,966 $0 $03130 Reelmasters 7000-D (2017) $0 $0 $0 $0 $03131 Spreaders - Replace $0 $0 $0 $0 $03132 Speed Roller - Replace $0 $0 $0 $0 $03133 Seeder - Replace $0 $0 $0 $0 $03135 Sweeper (Tennant) - Replace (2016) $0 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2013) $0 $0 $35,646 $0 $03135 Sweeper (Toro) - Replace (2017) $0 $0 $0 $0 $03137 Tire Changer - Replace $0 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $36,495 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $37,590 $03140 Tractor - Replace (2009) $0 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $0 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $0 $03140 Tractor - Replace (2016) $0 $0 $0 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $03140 Tractors - Replace (2010) $0 $0 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $03145 Gearemore Trailer - Replace (2010) $0 $0 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $0 $03145 Trailer - Replace (2009) $0 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $03172 Flail - Replace $0 $0 $0 $25,133 $0

Irrigation

825 Weather Station - Replace $0 $0 $19,414 $0 $0912 Irrigation Computer - Replace $550 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $0 $164,440 $0 $01004 Irrigation Interface Modules - Repl $0 $0 $13,261 $0 $01006 Irrigation Pumps/Cont (Golf)- Repla $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $0 $0 $0 $0 $01007 Irrigation Systems - Repair $0 $0 $74,263 $0 $01007 Irrigation Systems - Replace $0 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $01080 Well (#1) - Refurbish $0 $0 $61,532 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $70,907

Total Expenses $1,735,450 $482,916 $1,286,527 $665,580 $887,745

Ending Reserve Balance $2,813,103 $4,033,004 $4,507,821 $5,663,293 $6,660,464



# Component


103 Concrete Surfaces - Repair $11,593 $11,941 $12,299 $12,668 $13,048201 Asphalt - Resurface $0 $0 $0 $0 $0202 Asphalt - Seal/Repair $0 $20,896 $0 $0 $0206 Concrete Pavers - Replace $0 $0 $0 $0 $0414 Flag Pole - Replace $0 $0 $0 $0 $0501 Perimeter Block Walls - Repair $16,809 $17,314 $17,833 $18,368 $18,919503 Metal Railing - Replace $0 $0 $0 $0 $0713 Trash Enclosures - Replace $0 $0 $0 $0 $0802 Pole Lights - Replace $0 $0 $0 $0 $0804 Bollard Lights - Replace $0 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $13,529 $0 $01114 Perimeter Block Walls - Repaint $37,676 $0 $0 $0 $01402 Monument Signs - Replace $0 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $20,867 $0 $0 $0 $0303 HVAC Systems - Replace $243,448 $0 $0 $0 $0305 Security System - Replace $0 $0 $0 $0 $0306 Exhaust Fans - Repair/Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace $16,809 $0 $0 $0 $0405 Mist System - Replace $40,575 $0 $0 $0 $0411 Drinking Fountains - Replace $0 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0610 Tile Floor - Replace $0 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $0 $0 $0 $0 $0805 Exterior Lights - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $23,185 $0 $24,597 $0 $26,095902 Furniture - Partial Replace (Int) $34,778 $0 $36,896 $0 $39,143902 Furniture - Replace (Main DiningRm) $0 $0 $0 $0 $0902 Furniture/Equip - Replace (Admin) $0 $0 $0 $0 $0903 Commercial Dishwasher - Replace $0 $0 $0 $0 $0903 Kitchen Equip - Replace $20,287 $20,896 $21,523 $22,168 $22,834908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker rooms - Refurbish $168,095 $0 $0 $0 $0910 Bar - Remodel $81,149 $0 $0 $0 $0910 Golf Pro Shop - Remodel $115,927 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $12,404 $0 $13,160 $0 $13,961929 Ice Machine - Replace $0 $0 $0 $0 $01110 Interior Surfaces - Paint $0 $0 $0 $0 $01141 Building Exterior - Paint $0 $0 $0 $0 $01301 Roof (Flat) - Replace $28,402 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $0 $0 $0 $0 $02550 Telephone System - Replace $0 $0 $0 $0 $02620 Point of Sale System - Replace $0 $0 $0 $0 $58,062

Golf Course

909 Restrooms - Refurbish $52,167 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $01115 Cart Path Tunnels - Repaint $0 $0 $0 $10,134 $01115 Pump House Exterior - Repaint $0 $0 $0 $7,221 $01301 Roof (Pump House) - Replace $0 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $0 $0 $0 $0 $01701 Bridges - Replace $0 $0 $0 $0 $03002 Putting Greens - Refurbish $0 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $0 $0 $0 $0 $03005 Driving Range - Refurbish $0 $59,703 $0 $0 $03006 Sand Bunkers - Renovate $0 $0 $0 $0 $03007 Fairways/Drainage - Repair $57,964 $59,703 $61,494 $63,339 $65,2394021 Lakes - Refurbish $0 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $04203 Picker & Cart - Replace $0 $0 $0 $19,635 $0


Fiscal Year 2024 2025 2026 2027 20284205 Range Ball Dispenser - Replace $0 $11,702 $0 $0 $04210 Rental Clubs - Replace $0 $0 $12,914 $0 $04301 Cart Fleet - Replace $255,620 $0 $0 $279,323 $0

Maintenance Yard

205 Concrete Driveway/Lot - Repair $0 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $0 $0 $0 $13,998 $0303 Evaporative Cooler (Maint Bldg) - A $4,057 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $4,057 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $4,057 $0 $0 $0 $0303 Rooftop Package Systems - Replace $24,345 $0 $0 $0 $0305 Security Camera System - Replace $0 $0 $0 $0 $12,069306 Exhaust Fans - Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace A $2,898 $0 $0 $0 $0331 Water Heater - Replace B $1,333 $0 $0 $0 $0502 Chain Link Fence - Replace $0 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $0 $0717 Exterior Doors & Windows - Replace $0 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $0 $0 $0 $0 $0850 Air Compressor - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $0 $14,030 $0 $14,885 $0903 Appliances - Replace $0 $0 $0 $0 $0904 Kitchen/Office Millwork - Remodel $0 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $0 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker Rooms - Refurbish $0 $0 $0 $0 $01110 Interior Surfaces - Repaint $0 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $0 $0 $0 $0 $01115 Building Exteriors - Repaint $0 $0 $0 $0 $01301 Flat Roof - Replace $0 $0 $0 $0 $01309 Metal Roof (carport) - Replace $0 $0 $0 $0 $01311 Skylights - Replace $0 $0 $0 $0 $01330 Roof Access Hatch - Replace $0 $0 $0 $0 $01818 Fuel Tank System - Replace $11,361 $0 $0 $0 $01900 Vehicle Lifts - Replace $0 $0 $0 $0 $0


3101 Aerator - Replace A $0 $0 $0 $0 $03101 Aerators - Replace B $0 $0 $0 $0 $03101 Aerators - Replace C $0 $0 $0 $0 $90,0293101 Water Injector- Replace $0 $0 $0 $0 $03102 Backhoe Loader - Replace $0 $0 $0 $0 $03104 Blowers - Replace $0 $25,612 $0 $0 $03108 Compressor - Replace $8,405 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $0 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $35,2293109 Express Dual Reel Grinder $0 $0 $0 $0 $35,2293119 Gator Vehicles - Replace $0 $0 $0 $131,744 $03119 John Deere ProGators - Replace $0 $0 $0 $0 $03121 GMC Sierra Truck - Replace $0 $29,254 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $50,671 $03123 Carryall Utility Carts - Replace $0 $0 $0 $0 $03123 EZ-Go Utility Carts - Replace $0 $0 $0 $0 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2014) $60,862 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $20,896 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $172,182 $0 $03125 T-Mag Trucks - Replace $0 $0 $44,890 $0 $03127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $180,0593128 Top Dresser - Replace (2014) $0 $0 $21,523 $0 $03128 Top Dresser - Replace (2016) $0 $0 $0 $0 $22,8343129 Sand Rakers - Replace (2011) $0 $0 $0 $38,003 $03129 Sand Rakers - Replace (2015) $0 $0 $0 $0 $03130 Greensmasters 3150D $0 $0 $0 $102,608 $03130 Greensmasters 3250D $0 $0 $0 $102,608 $03130 Greensmasters 3300 TriFlex (2012) $0 $0 $0 $0 $211,3733130 Greensmasters 3300 TriFlex (2013) $0 $0 $0 $0 $0


Fiscal Year 2024 2025 2026 2027 20283130 Greensmasters 3300 TriFlex (2014) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2015) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2016) $187,802 $0 $0 $0 $03130 Greensmasters Flex 21 $0 $0 $0 $0 $03130 Greensmasters Flex 2100 $28,982 $0 $0 $0 $03130 Groundsmasters 4700-D (A) $0 $0 $373,882 $0 $03130 Groundsmasters 4700-D (B) $0 $0 $373,882 $0 $03130 Reelmasters 3100-D (2011) $0 $0 $0 $102,608 $03130 Reelmasters 3100-D (2013) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2015) $0 $0 $0 $0 $03130 Reelmasters 4000-D $0 $0 $0 $51,304 $03130 Reelmasters 5010-H $0 $193,436 $0 $0 $03130 Reelmasters 7000-D (2013) $0 $0 $0 $0 $03130 Reelmasters 7000-D (2017) $0 $145,077 $0 $0 $03131 Spreaders - Replace $0 $0 $34,129 $0 $03132 Speed Roller - Replace $0 $16,120 $0 $0 $03133 Seeder - Replace $11,303 $0 $0 $0 $03135 Sweeper (Tennant) - Replace (2016) $38,952 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2013) $0 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2017) $0 $40,120 $0 $0 $03137 Tire Changer - Replace $0 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $0 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $0 $03140 Tractor - Replace (2009) $39,879 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $42,308 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $43,577 $03140 Tractor - Replace (2016) $0 $0 $0 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $03140 Tractors - Replace (2010) $0 $82,151 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $03145 Gearemore Trailer - Replace (2010) $0 $10,746 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $22,802 $03145 Trailer - Replace (2009) $10,433 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $11,7433172 Flail - Replace $0 $0 $0 $0 $0

Irrigation

825 Weather Station - Replace $0 $0 $0 $0 $0912 Irrigation Computer - Replace $638 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $0 $0 $0 $01004 Irrigation Interface Modules - Repl $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (Golf)- Repla $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $0 $0 $0 $0 $01007 Irrigation Systems - Repair $0 $83,584 $0 $0 $01007 Irrigation Systems - Replace $0 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $561,0521080 Well (#1) - Refurbish $0 $0 $0 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $0

Total Expenses $1,677,122 $863,180 $1,277,040 $1,107,664 $1,416,918




# Component


103 Concrete Surfaces - Repair $13,439 $13,842 $14,258 $14,685 $15,126201 Asphalt - Resurface $0 $0 $0 $0 $0202 Asphalt - Seal/Repair $23,519 $0 $0 $0 $26,470206 Concrete Pavers - Replace $0 $0 $0 $0 $0414 Flag Pole - Replace $0 $0 $0 $0 $0501 Perimeter Block Walls - Repair $19,487 $20,071 $20,674 $21,294 $21,933503 Metal Railing - Replace $0 $0 $0 $0 $0713 Trash Enclosures - Replace $5,376 $0 $0 $0 $0802 Pole Lights - Replace $32,254 $0 $0 $0 $0804 Bollard Lights - Replace $26,878 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $15,683 $0 $01114 Perimeter Block Walls - Repaint $43,677 $0 $0 $0 $01402 Monument Signs - Replace $10,751 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $0 $0 $0 $0 $0303 HVAC Systems - Replace $0 $0 $0 $0 $0305 Security System - Replace $0 $0 $42,773 $0 $0306 Exhaust Fans - Repair/Replace $48,381 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace $0 $0 $0 $0 $0405 Mist System - Replace $0 $0 $0 $0 $0411 Drinking Fountains - Replace $3,225 $0 $0 $0 $0601 Carpet - Replace $60,476 $0 $0 $0 $0606 Vinyl Flooring - Replace $18,815 $0 $0 $0 $0610 Tile Floor - Replace $0 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $0 $0 $0 $0 $0805 Exterior Lights - Replace $5,040 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $0 $27,685 $0 $29,371 $0902 Furniture - Partial Replace (Int) $0 $41,527 $0 $44,056 $0902 Furniture - Replace (Main DiningRm) $0 $0 $0 $0 $151,259902 Furniture/Equip - Replace (Admin) $16,799 $0 $0 $0 $0903 Commercial Dishwasher - Replace $0 $0 $0 $0 $0903 Kitchen Equip - Replace $23,519 $24,224 $24,951 $25,699 $26,470908 Window Treatments - Replace $0 $0 $78,417 $0 $0909 Restrooms/Locker rooms - Refurbish $0 $0 $0 $0 $0910 Bar - Remodel $0 $0 $0 $0 $0910 Golf Pro Shop - Remodel $0 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $0 $14,811 $0 $15,713 $0929 Ice Machine - Replace $10,079 $0 $0 $0 $01110 Interior Surfaces - Paint $32,052 $0 $0 $0 $01141 Building Exterior - Paint $83,995 $0 $0 $0 $01301 Roof (Flat) - Replace $0 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $0 $0 $0 $0 $02550 Telephone System - Replace $60,476 $0 $0 $0 $02620 Point of Sale System - Replace $0 $0 $0 $0 $0

Golf Course

909 Restrooms - Refurbish $0 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $01115 Cart Path Tunnels - Repaint $0 $0 $0 $0 $01115 Pump House Exterior - Repaint $0 $0 $0 $0 $01301 Roof (Pump House) - Replace $8,265 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $0 $0 $0 $0 $01701 Bridges - Replace $124,984 $0 $0 $0 $03002 Putting Greens - Refurbish $967,620 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $811,725 $0 $0 $0 $03005 Driving Range - Refurbish $0 $0 $0 $0 $03006 Sand Bunkers - Renovate $1,108,731 $0 $0 $0 $03007 Fairways/Drainage - Repair $67,196 $69,212 $71,288 $73,427 $75,6294021 Lakes - Refurbish $2,217,462 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $26,4704203 Picker & Cart - Replace $0 $0 $0 $0 $23,445


Fiscal Year 2029 2030 2031 2032 20334205 Range Ball Dispenser - Replace $0 $0 $0 $14,392 $04210 Rental Clubs - Replace $0 $0 $14,970 $0 $04301 Cart Fleet - Replace $0 $305,224 $0 $0 $333,526

Maintenance Yard

205 Concrete Driveway/Lot - Repair $134,392 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - A $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $0 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $0 $0 $0 $0 $0303 Rooftop Package Systems - Replace $0 $0 $0 $0 $0305 Security Camera System - Replace $0 $0 $0 $0 $0306 Exhaust Fans - Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace A $0 $0 $0 $0 $0331 Water Heater - Replace B $0 $0 $0 $0 $0502 Chain Link Fence - Replace $0 $0 $0 $0 $0601 Carpet - Replace $6,720 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $5,140 $0717 Exterior Doors & Windows - Replace $0 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $0 $0 $0 $0 $0850 Air Compressor - Replace $7,392 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $15,791 $0 $16,753 $0 $17,773903 Appliances - Replace $0 $12,735 $0 $0 $0904 Kitchen/Office Millwork - Remodel $0 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $0 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $5,703 $0 $0909 Restrooms/Locker Rooms - Refurbish $0 $0 $0 $0 $01110 Interior Surfaces - Repaint $19,151 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $18,949 $0 $0 $0 $01115 Building Exteriors - Repaint $18,680 $0 $0 $0 $01301 Flat Roof - Replace $91,386 $0 $0 $0 $01309 Metal Roof (carport) - Replace $0 $0 $0 $0 $01311 Skylights - Replace $0 $0 $0 $0 $01330 Roof Access Hatch - Replace $0 $0 $0 $0 $01818 Fuel Tank System - Replace $0 $0 $0 $0 $01900 Vehicle Lifts - Replace $0 $0 $0 $0 $0


3101 Aerator - Replace A $0 $0 $0 $0 $27,2273101 Aerators - Replace B $0 $0 $0 $0 $03101 Aerators - Replace C $0 $0 $0 $0 $03101 Water Injector- Replace $0 $0 $25,664 $0 $03102 Backhoe Loader - Replace $0 $137,039 $0 $0 $03104 Blowers - Replace $0 $29,692 $0 $0 $03108 Compressor - Replace $0 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $72,326 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $03109 Express Dual Reel Grinder $0 $0 $0 $0 $03119 Gator Vehicles - Replace $0 $0 $0 $0 $03119 John Deere ProGators - Replace $0 $0 $42,773 $0 $03121 GMC Sierra Truck - Replace $0 $0 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $0 $03123 Carryall Utility Carts - Replace $0 $0 $0 $0 $69,0123123 EZ-Go Utility Carts - Replace $0 $0 $0 $0 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $179,895 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $105,8813124 Workman Utility Vehicles (2014) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $0 $0 $03125 T-Mag Trucks - Replace $0 $0 $0 $0 $55,2103127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $03128 Top Dresser - Replace (2014) $0 $0 $0 $25,699 $03128 Top Dresser - Replace (2016) $0 $0 $0 $0 $03129 Sand Rakers - Replace (2011) $0 $0 $0 $0 $03129 Sand Rakers - Replace (2015) $0 $0 $64,159 $0 $03130 Greensmasters 3150D $0 $0 $0 $0 $03130 Greensmasters 3250D $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2012) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2013) $108,857 $0 $0 $0 $0


Fiscal Year 2029 2030 2031 2032 20333130 Greensmasters 3300 TriFlex (2014) $0 $224,246 $0 $0 $03130 Greensmasters 3300 TriFlex (2015) $0 $0 $404,203 $0 $03130 Greensmasters 3300 TriFlex (2016) $0 $0 $0 $237,902 $03130 Greensmasters Flex 21 $0 $34,606 $0 $0 $03130 Greensmasters Flex 2100 $0 $0 $0 $36,713 $03130 Groundsmasters 4700-D (A) $0 $0 $0 $0 $03130 Groundsmasters 4700-D (B) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2011) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2013) $54,429 $0 $0 $0 $03130 Reelmasters 3100-D (2015) $0 $0 $115,487 $0 $03130 Reelmasters 4000-D $0 $0 $0 $0 $03130 Reelmasters 5010-H $0 $0 $0 $0 $245,0403130 Reelmasters 7000-D (2013) $54,429 $0 $0 $0 $03130 Reelmasters 7000-D (2017) $0 $0 $0 $0 $183,7803131 Spreaders - Replace $0 $0 $0 $0 $03132 Speed Roller - Replace $0 $0 $0 $0 $03133 Seeder - Replace $0 $0 $0 $0 $03135 Sweeper (Tennant) - Replace (2016) $0 $0 $0 $49,343 $03135 Sweeper (Toro) - Replace (2013) $45,156 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2017) $0 $0 $0 $0 $50,8233137 Tire Changer - Replace $0 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $0 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $0 $03140 Tractor - Replace (2009) $0 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $0 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $0 $03140 Tractor - Replace (2016) $0 $0 $49,046 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $52,0333140 Tractors - Replace (2010) $0 $0 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $70,3353145 Gearemore Trailer - Replace (2010) $0 $0 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $0 $03145 Trailer - Replace (2009) $0 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $03172 Flail - Replace $0 $0 $0 $33,776 $0

Irrigation

825 Weather Station - Replace $0 $0 $26,091 $0 $0912 Irrigation Computer - Replace $739 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $0 $0 $0 $234,4511004 Irrigation Interface Modules - Repl $0 $0 $0 $0 $18,9071006 Irrigation Pumps/Cont (Golf)- Repla $604,762 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $1,007,937 $0 $0 $0 $01007 Irrigation Systems - Repair $94,074 $0 $0 $0 $105,8811007 Irrigation Systems - Replace $0 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $01080 Well (#1) - Refurbish $0 $0 $82,694 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $95,293

Total Expenses $8,127,066 $1,027,240 $1,115,587 $807,106 $2,031,975




# Component


103 Concrete Surfaces - Repair $15,580 $16,047 $16,528 $17,024 $17,535201 Asphalt - Resurface $0 $0 $0 $0 $0202 Asphalt - Seal/Repair $0 $0 $0 $29,793 $0206 Concrete Pavers - Replace $109,058 $0 $0 $0 $0414 Flag Pole - Replace $0 $0 $0 $0 $0501 Perimeter Block Walls - Repair $22,591 $23,268 $23,966 $24,685 $25,426503 Metal Railing - Replace $62,319 $0 $0 $0 $0713 Trash Enclosures - Replace $0 $0 $0 $0 $0802 Pole Lights - Replace $0 $0 $0 $0 $0804 Bollard Lights - Replace $0 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $18,181 $0 $01114 Perimeter Block Walls - Repaint $50,634 $0 $0 $0 $01402 Monument Signs - Replace $0 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $0 $0 $0 $0 $0303 HVAC Systems - Replace $0 $0 $0 $0 $0305 Security System - Replace $0 $0 $0 $0 $0306 Exhaust Fans - Repair/Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $38,949 $0 $0 $0 $0331 Water Heater - Replace $0 $0 $0 $0 $0405 Mist System - Replace $0 $0 $0 $0 $0411 Drinking Fountains - Replace $0 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0610 Tile Floor - Replace $0 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $0 $0 $0 $0 $0805 Exterior Lights - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $31,159 $0 $33,057 $0 $35,070902 Furniture - Partial Replace (Int) $46,739 $0 $49,585 $0 $52,605902 Furniture - Replace (Main DiningRm) $0 $0 $0 $0 $0902 Furniture/Equip - Replace (Admin) $0 $0 $0 $0 $0903 Commercial Dishwasher - Replace $97,373 $0 $0 $0 $0903 Kitchen Equip - Replace $27,264 $28,082 $28,925 $29,793 $30,686908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker rooms - Refurbish $0 $0 $0 $0 $0910 Bar - Remodel $0 $0 $0 $0 $0910 Golf Pro Shop - Remodel $0 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $16,670 $0 $17,685 $0 $18,763929 Ice Machine - Replace $0 $0 $0 $12,768 $01110 Interior Surfaces - Paint $0 $0 $0 $0 $01141 Building Exterior - Paint $0 $0 $0 $0 $01301 Roof (Flat) - Replace $0 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $154,239 $0 $0 $0 $02550 Telephone System - Replace $0 $0 $0 $0 $02620 Point of Sale System - Replace $0 $0 $73,552 $0 $0

Golf Course

909 Restrooms - Refurbish $0 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $01115 Cart Path Tunnels - Repaint $0 $0 $0 $13,619 $01115 Pump House Exterior - Repaint $0 $0 $0 $9,704 $01301 Roof (Pump House) - Replace $0 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $0 $0 $0 $0 $01701 Bridges - Replace $0 $0 $0 $0 $03002 Putting Greens - Refurbish $0 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $0 $0 $0 $0 $03005 Driving Range - Refurbish $0 $80,235 $0 $0 $03006 Sand Bunkers - Renovate $0 $0 $0 $0 $03007 Fairways/Drainage - Repair $77,898 $80,235 $82,642 $85,122 $87,6754021 Lakes - Refurbish $0 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $04203 Picker & Cart - Replace $0 $0 $0 $0 $0


Fiscal Year 2034 2035 2036 2037 20384205 Range Ball Dispenser - Replace $0 $0 $0 $0 $04210 Rental Clubs - Replace $0 $0 $17,355 $0 $04301 Cart Fleet - Replace $0 $0 $364,453 $0 $0

Maintenance Yard

205 Concrete Driveway/Lot - Repair $0 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $0 $17,732 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - A $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $0 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $0 $0 $0 $0 $0303 Rooftop Package Systems - Replace $0 $0 $0 $0 $0305 Security Camera System - Replace $0 $0 $15,289 $0 $0306 Exhaust Fans - Replace $12,464 $0 $0 $0 $0329 Fire Alarm System - Replace $38,949 $0 $0 $0 $0331 Water Heater - Replace A $0 $0 $0 $0 $0331 Water Heater - Replace B $0 $0 $0 $0 $0502 Chain Link Fence - Replace $0 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $39,728 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $0 $0717 Exterior Doors & Windows - Replace $0 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $0 $0 $0 $0 $0850 Air Compressor - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $0 $18,855 $0 $20,004 $0903 Appliances - Replace $0 $0 $0 $0 $0904 Kitchen/Office Millwork - Remodel $42,844 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $0 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker Rooms - Refurbish $93,478 $0 $0 $0 $01110 Interior Surfaces - Repaint $0 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $0 $0 $0 $0 $01115 Building Exteriors - Repaint $0 $0 $0 $0 $01301 Flat Roof - Replace $0 $0 $0 $0 $01309 Metal Roof (carport) - Replace $0 $0 $0 $0 $01311 Skylights - Replace $0 $0 $0 $0 $01330 Roof Access Hatch - Replace $0 $0 $0 $0 $01818 Fuel Tank System - Replace $0 $0 $0 $0 $01900 Vehicle Lifts - Replace $35,054 $0 $0 $0 $0


3101 Aerator - Replace A $0 $0 $0 $0 $03101 Aerators - Replace B $71,667 $0 $0 $0 $03101 Aerators - Replace C $0 $0 $0 $0 $03101 Water Injector- Replace $0 $0 $0 $0 $03102 Backhoe Loader - Replace $0 $0 $0 $0 $03104 Blowers - Replace $0 $34,421 $0 $0 $03108 Compressor - Replace $0 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $0 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $47,3453109 Express Dual Reel Grinder $0 $0 $0 $0 $47,3453119 Gator Vehicles - Replace $0 $166,889 $0 $0 $03119 John Deere ProGators - Replace $0 $0 $0 $0 $03121 GMC Sierra Truck - Replace $0 $39,315 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $0 $03123 Carryall Utility Carts - Replace $0 $0 $0 $0 $03123 EZ-Go Utility Carts - Replace $35,054 $0 $0 $0 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2014) $81,793 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $28,082 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $231,399 $0 $03125 T-Mag Trucks - Replace $0 $0 $0 $0 $03127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $241,9843128 Top Dresser - Replace (2014) $0 $0 $0 $0 $30,6863128 Top Dresser - Replace (2016) $27,264 $0 $0 $0 $03129 Sand Rakers - Replace (2011) $0 $48,141 $0 $0 $03129 Sand Rakers - Replace (2015) $0 $0 $0 $0 $03130 Greensmasters 3150D $0 $129,981 $0 $0 $03130 Greensmasters 3250D $0 $129,981 $0 $0 $03130 Greensmasters 3300 TriFlex (2012) $0 $0 $267,761 $0 $03130 Greensmasters 3300 TriFlex (2013) $0 $0 $0 $137,897 $0


Fiscal Year 2034 2035 2036 2037 20383130 Greensmasters 3300 TriFlex (2014) $0 $0 $0 $0 $284,0683130 Greensmasters 3300 TriFlex (2015) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2016) $0 $0 $0 $0 $03130 Greensmasters Flex 21 $0 $0 $0 $0 $43,8383130 Greensmasters Flex 2100 $0 $0 $0 $0 $03130 Groundsmasters 4700-D (A) $473,622 $0 $0 $0 $03130 Groundsmasters 4700-D (B) $473,622 $0 $0 $0 $03130 Reelmasters 3100-D (2011) $0 $129,981 $0 $0 $03130 Reelmasters 3100-D (2013) $0 $0 $0 $68,949 $03130 Reelmasters 3100-D (2015) $0 $0 $0 $0 $03130 Reelmasters 4000-D $0 $64,991 $0 $0 $03130 Reelmasters 5010-H $0 $0 $0 $0 $03130 Reelmasters 7000-D (2013) $0 $0 $0 $68,949 $03130 Reelmasters 7000-D (2017) $0 $0 $0 $0 $03131 Spreaders - Replace $0 $0 $0 $0 $03132 Speed Roller - Replace $0 $0 $0 $22,983 $03133 Seeder - Replace $0 $0 $16,115 $0 $03135 Sweeper (Tennant) - Replace (2016) $0 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2013) $0 $0 $0 $57,202 $03135 Sweeper (Toro) - Replace (2017) $0 $0 $0 $0 $03137 Tire Changer - Replace $11,529 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $56,858 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $58,564 $03140 Tractor - Replace (2009) $0 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $0 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $0 $03140 Tractor - Replace (2016) $0 $0 $0 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $03140 Tractors - Replace (2010) $0 $0 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $03145 Gearemore Trailer - Replace (2010) $0 $0 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $0 $03145 Trailer - Replace (2009) $0 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $03172 Flail - Replace $0 $0 $0 $0 $0

Irrigation

825 Weather Station - Replace $0 $0 $0 $0 $0912 Irrigation Computer - Replace $857 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $0 $0 $0 $01004 Irrigation Interface Modules - Repl $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (Golf)- Repla $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $0 $0 $0 $0 $01007 Irrigation Systems - Repair $0 $0 $0 $119,170 $01007 Irrigation Systems - Replace $2,492,748 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $01080 Well (#1) - Refurbish $0 $0 $0 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $0

Total Expenses $4,681,147 $1,036,239 $1,313,353 $776,224 $963,026




# Component


103 Concrete Surfaces - Repair $18,061 $18,603 $19,161 $19,736 $20,328201 Asphalt - Resurface $541,833 $0 $0 $0 $0202 Asphalt - Seal/Repair $0 $0 $33,532 $0 $0206 Concrete Pavers - Replace $0 $0 $0 $0 $0414 Flag Pole - Replace $3,612 $0 $0 $0 $0501 Perimeter Block Walls - Repair $26,189 $26,974 $27,783 $28,617 $29,476503 Metal Railing - Replace $0 $0 $0 $0 $0713 Trash Enclosures - Replace $0 $0 $0 $0 $0802 Pole Lights - Replace $0 $0 $0 $0 $0804 Bollard Lights - Replace $0 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $21,077 $0 $01114 Perimeter Block Walls - Repaint $58,699 $0 $0 $0 $01402 Monument Signs - Replace $0 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $32,510 $0 $0 $0 $0303 HVAC Systems - Replace $379,283 $0 $0 $0 $0305 Security System - Replace $0 $0 $57,483 $0 $0306 Exhaust Fans - Repair/Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace $26,189 $0 $0 $0 $0405 Mist System - Replace $63,214 $0 $0 $0 $0411 Drinking Fountains - Replace $0 $0 $0 $0 $0601 Carpet - Replace $81,275 $0 $0 $0 $0606 Vinyl Flooring - Replace $25,286 $0 $0 $0 $0610 Tile Floor - Replace $379,283 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $0 $0 $0 $0 $0805 Exterior Lights - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $0 $37,206 $0 $39,472 $0902 Furniture - Partial Replace (Int) $0 $55,809 $0 $59,208 $0902 Furniture - Replace (Main DiningRm) $0 $0 $0 $0 $0902 Furniture/Equip - Replace (Admin) $22,576 $0 $0 $0 $0903 Commercial Dishwasher - Replace $0 $0 $0 $0 $0903 Kitchen Equip - Replace $31,607 $32,555 $33,532 $34,538 $35,574908 Window Treatments - Replace $0 $0 $105,386 $0 $0909 Restrooms/Locker rooms - Refurbish $261,886 $0 $0 $0 $0910 Bar - Remodel $126,428 $0 $0 $0 $0910 Golf Pro Shop - Remodel $180,611 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $0 $19,905 $0 $21,117 $0929 Ice Machine - Replace $0 $0 $0 $0 $01110 Interior Surfaces - Paint $43,076 $0 $0 $0 $01141 Building Exterior - Paint $112,882 $0 $0 $0 $01301 Roof (Flat) - Replace $44,250 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $0 $0 $0 $0 $02550 Telephone System - Replace $0 $0 $0 $0 $02620 Point of Sale System - Replace $0 $0 $0 $0 $0

Golf Course

909 Restrooms - Refurbish $81,275 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $01115 Cart Path Tunnels - Repaint $0 $0 $0 $0 $01115 Pump House Exterior - Repaint $0 $0 $0 $0 $01301 Roof (Pump House) - Replace $0 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $72,244 $0 $0 $0 $01701 Bridges - Replace $0 $0 $0 $0 $03002 Putting Greens - Refurbish $0 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $0 $0 $0 $0 $03005 Driving Range - Refurbish $0 $0 $0 $0 $03006 Sand Bunkers - Renovate $1,490,042 $0 $0 $0 $03007 Fairways/Drainage - Repair $90,306 $93,015 $95,805 $98,679 $101,6404021 Lakes - Refurbish $0 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $35,5744203 Picker & Cart - Replace $27,995 $0 $0 $0 $0


Fiscal Year 2039 2040 2041 2042 20434205 Range Ball Dispenser - Replace $17,700 $0 $0 $0 $04210 Rental Clubs - Replace $0 $0 $20,119 $0 $04301 Cart Fleet - Replace $398,248 $0 $0 $435,176 $0

Maintenance Yard

205 Concrete Driveway/Lot - Repair $0 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $0 $0 $0 $0 $22,462303 Evaporative Cooler (Maint Bldg) - A $6,321 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $6,321 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $6,321 $0 $0 $0 $0303 Rooftop Package Systems - Replace $37,928 $0 $0 $0 $0305 Security Camera System - Replace $0 $0 $0 $0 $0306 Exhaust Fans - Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace A $4,515 $0 $0 $0 $0331 Water Heater - Replace B $2,077 $0 $0 $0 $0502 Chain Link Fence - Replace $0 $0 $0 $0 $0601 Carpet - Replace $9,031 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $6,908 $0717 Exterior Doors & Windows - Replace $0 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $101,142 $0 $0 $0 $0850 Air Compressor - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $21,222 $0 $22,514 $0 $23,885903 Appliances - Replace $0 $17,115 $0 $0 $0904 Kitchen/Office Millwork - Remodel $0 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $0 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $7,664 $0 $0909 Restrooms/Locker Rooms - Refurbish $0 $0 $0 $0 $01110 Interior Surfaces - Repaint $25,737 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $25,466 $0 $0 $0 $01115 Building Exteriors - Repaint $25,105 $0 $0 $0 $01301 Flat Roof - Replace $0 $0 $0 $0 $01309 Metal Roof (carport) - Replace $46,959 $0 $0 $0 $01311 Skylights - Replace $29,259 $0 $0 $0 $01330 Roof Access Hatch - Replace $3,161 $0 $0 $0 $01818 Fuel Tank System - Replace $17,700 $0 $0 $0 $01900 Vehicle Lifts - Replace $0 $0 $0 $0 $0


3101 Aerator - Replace A $0 $0 $0 $0 $03101 Aerators - Replace B $0 $0 $0 $0 $03101 Aerators - Replace C $0 $128,360 $0 $0 $03101 Water Injector- Replace $0 $0 $0 $0 $36,5903102 Backhoe Loader - Replace $0 $0 $0 $195,385 $03104 Blowers - Replace $0 $39,903 $0 $0 $03108 Compressor - Replace $13,094 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $97,200 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $03109 Express Dual Reel Grinder $0 $0 $0 $0 $03119 Gator Vehicles - Replace $0 $0 $0 $0 $211,4113119 John Deere ProGators - Replace $0 $0 $57,483 $0 $03121 GMC Sierra Truck - Replace $0 $0 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $78,943 $03123 Carryall Utility Carts - Replace $0 $0 $0 $0 $03123 EZ-Go Utility Carts - Replace $0 $0 $0 $0 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $241,764 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $142,2963124 Workman Utility Vehicles (2014) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $0 $0 $03125 T-Mag Trucks - Replace $0 $67,901 $0 $0 $03127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $03128 Top Dresser - Replace (2014) $0 $0 $0 $0 $03128 Top Dresser - Replace (2016) $0 $32,555 $0 $0 $03129 Sand Rakers - Replace (2011) $0 $0 $0 $0 $60,9843129 Sand Rakers - Replace (2015) $81,275 $0 $0 $0 $03130 Greensmasters 3150D $0 $0 $0 $0 $164,6563130 Greensmasters 3250D $0 $0 $0 $0 $164,6563130 Greensmasters 3300 TriFlex (2012) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2013) $0 $0 $0 $0 $0


Fiscal Year 2039 2040 2041 2042 20433130 Greensmasters 3300 TriFlex (2014) $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2015) $512,033 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2016) $0 $301,368 $0 $0 $03130 Greensmasters Flex 21 $0 $0 $0 $0 $03130 Greensmasters Flex 2100 $0 $46,507 $0 $0 $03130 Groundsmasters 4700-D (A) $0 $0 $0 $599,970 $03130 Groundsmasters 4700-D (B) $0 $0 $0 $599,970 $03130 Reelmasters 3100-D (2011) $0 $0 $0 $0 $164,6563130 Reelmasters 3100-D (2013) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2015) $146,295 $0 $0 $0 $03130 Reelmasters 4000-D $0 $0 $0 $0 $82,3283130 Reelmasters 5010-H $0 $0 $310,409 $0 $03130 Reelmasters 7000-D (2013) $0 $0 $0 $0 $03130 Reelmasters 7000-D (2017) $0 $0 $232,807 $0 $03131 Spreaders - Replace $0 $0 $53,172 $0 $03132 Speed Roller - Replace $0 $0 $0 $0 $03133 Seeder - Replace $0 $0 $0 $0 $03135 Sweeper (Tennant) - Replace (2016) $0 $62,506 $0 $0 $03135 Sweeper (Toro) - Replace (2013) $0 $0 $0 $0 $03135 Sweeper (Toro) - Replace (2017) $0 $0 $64,381 $0 $03137 Tire Changer - Replace $0 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $0 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $0 $03140 Tractor - Replace (2009) $62,130 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $65,914 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $67,891 $03140 Tractor - Replace (2016) $0 $0 $0 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $03140 Tractors - Replace (2010) $0 $127,988 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $03145 Gearemore Trailer - Replace (2010) $0 $16,743 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $35,525 $03145 Trailer - Replace (2009) $16,255 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $18,2953172 Flail - Replace $0 $0 $0 $45,392 $0

Irrigation

825 Weather Station - Replace $0 $0 $35,065 $0 $0912 Irrigation Computer - Replace $993 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $0 $0 $0 $01004 Irrigation Interface Modules - Repl $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (Golf)- Repla $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $0 $0 $0 $0 $01007 Irrigation Systems - Repair $0 $0 $134,127 $0 $01007 Irrigation Systems - Replace $0 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $874,1011080 Well (#1) - Refurbish $0 $0 $111,134 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $128,066

Total Expenses $5,836,900 $1,222,214 $1,508,548 $2,608,292 $2,316,979




# Component


103 Concrete Surfaces - Repair $20,938 $21,566 $22,213 $22,879 $23,566201 Asphalt - Resurface $0 $0 $0 $0 $0202 Asphalt - Seal/Repair $0 $37,740 $0 $0 $0206 Concrete Pavers - Replace $0 $0 $0 $0 $0414 Flag Pole - Replace $0 $0 $0 $0 $0501 Perimeter Block Walls - Repair $30,360 $31,271 $32,209 $33,175 $34,170503 Metal Railing - Replace $0 $0 $0 $0 $0713 Trash Enclosures - Replace $0 $0 $0 $0 $0802 Pole Lights - Replace $0 $0 $0 $0 $0804 Bollard Lights - Replace $0 $0 $0 $0 $01107 Metal Railing - Repaint $0 $0 $24,434 $0 $01114 Perimeter Block Walls - Repaint $68,048 $0 $0 $0 $01402 Monument Signs - Replace $0 $0 $0 $0 $0

Clubhouse

303 Evaporative Coolers - Replace $0 $0 $0 $0 $0303 HVAC Systems - Replace $0 $0 $0 $0 $0305 Security System - Replace $0 $0 $0 $0 $0306 Exhaust Fans - Repair/Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace $0 $0 $0 $0 $0405 Mist System - Replace $0 $0 $0 $0 $0411 Drinking Fountains - Replace $0 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0610 Tile Floor - Replace $0 $0 $0 $0 $0717 Exterior Windows & Doors - Replace $732,822 $0 $0 $0 $0805 Exterior Lights - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Ext) $41,876 $0 $44,426 $0 $47,131902 Furniture - Partial Replace (Int) $62,813 $0 $66,639 $0 $70,697902 Furniture - Replace (Main DiningRm) $0 $215,659 $0 $0 $0902 Furniture/Equip - Replace (Admin) $0 $0 $0 $0 $0903 Commercial Dishwasher - Replace $0 $0 $0 $0 $0903 Kitchen Equip - Replace $36,641 $37,740 $38,873 $40,039 $41,240908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker rooms - Refurbish $0 $0 $0 $0 $0910 Bar - Remodel $0 $0 $0 $0 $0910 Golf Pro Shop - Remodel $0 $0 $0 $0 $0928 A/V Equipment - Replace/Upgrade $22,403 $0 $23,768 $0 $25,215929 Ice Machine - Replace $0 $16,174 $0 $0 $01110 Interior Surfaces - Paint $0 $0 $0 $0 $01141 Building Exterior - Paint $0 $0 $0 $0 $01301 Roof (Flat) - Replace $0 $0 $0 $0 $01304 Roof (Tile) - Replace underlayment $0 $0 $0 $0 $02550 Telephone System - Replace $0 $0 $0 $0 $02620 Point of Sale System - Replace $93,173 $0 $0 $0 $0

Golf Course

909 Restrooms - Refurbish $0 $0 $0 $0 $01020 Aeration Systems - Replace $0 $0 $0 $0 $294,5711115 Cart Path Tunnels - Repaint $0 $0 $0 $18,303 $01115 Pump House Exterior - Repaint $0 $0 $0 $13,041 $01301 Roof (Pump House) - Replace $0 $0 $0 $0 $01402 Monuments/Signage/Rocks - Replace $0 $0 $0 $0 $01701 Bridges - Replace $0 $0 $0 $0 $03002 Putting Greens - Refurbish $0 $0 $0 $0 $03004 Tee Boxes - Refurbish/Redesign $0 $0 $0 $0 $03005 Driving Range - Refurbish $0 $107,830 $0 $0 $03006 Sand Bunkers - Renovate $0 $0 $0 $0 $03007 Fairways/Drainage - Repair $104,689 $107,830 $111,064 $114,396 $117,8284021 Lakes - Refurbish $0 $0 $0 $0 $04051 Ice Machines - Replace $0 $0 $0 $0 $04203 Picker & Cart - Replace $0 $33,427 $0 $0 $0


Fiscal Year 2044 2045 2046 2047 20484205 Range Ball Dispenser - Replace $0 $0 $21,769 $0 $04210 Rental Clubs - Replace $0 $0 $23,324 $0 $04301 Cart Fleet - Replace $0 $475,528 $0 $0 $519,623

Maintenance Yard

205 Concrete Driveway/Lot - Repair $0 $0 $0 $0 $0209 Concrete Floors (garage) - Recoat $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - A $0 $0 $0 $0 $0303 Evaporative Cooler (Maint Bldg) - B $0 $0 $0 $0 $0303 Evaporative Cooler (Storage) - Repl $0 $0 $0 $0 $0303 Rooftop Package Systems - Replace $0 $0 $0 $0 $0305 Security Camera System - Replace $19,367 $0 $0 $0 $0306 Exhaust Fans - Replace $0 $0 $0 $0 $0329 Fire Alarm System - Replace $0 $0 $0 $0 $0331 Water Heater - Replace A $0 $0 $0 $0 $0331 Water Heater - Replace B $0 $0 $0 $0 $0502 Chain Link Fence - Replace $7,538 $0 $0 $0 $0601 Carpet - Replace $0 $0 $0 $0 $0606 Vinyl Flooring - Replace $0 $0 $0 $0 $0705 Gate Operator - Replace $0 $0 $0 $0 $0717 Exterior Doors & Windows - Replace $125,627 $0 $0 $0 $0720 Metal Gates/Pole Lights - Replace $0 $0 $0 $0 $0850 Air Compressor - Replace $0 $0 $0 $0 $0902 Furniture - Partial Replace (Int) $0 $25,340 $0 $26,883 $0903 Appliances - Replace $0 $0 $0 $0 $0904 Kitchen/Office Millwork - Remodel $0 $0 $0 $0 $0907 Acoustic Ceiling Tiles - Replace $34,024 $0 $0 $0 $0908 Window Treatments - Replace $0 $0 $0 $0 $0909 Restrooms/Locker Rooms - Refurbish $0 $0 $0 $0 $01110 Interior Surfaces - Repaint $0 $0 $0 $0 $01114 Perimeter Block Walls - Repaint $0 $0 $0 $0 $01115 Building Exteriors - Repaint $0 $0 $0 $0 $01301 Flat Roof - Replace $0 $0 $0 $0 $01309 Metal Roof (carport) - Replace $0 $0 $0 $0 $01311 Skylights - Replace $0 $0 $0 $0 $01330 Roof Access Hatch - Replace $0 $0 $0 $0 $01818 Fuel Tank System - Replace $0 $0 $0 $0 $01900 Vehicle Lifts - Replace $0 $0 $0 $0 $0


3101 Aerator - Replace A $0 $38,819 $0 $0 $03101 Aerators - Replace B $0 $0 $102,179 $0 $03101 Aerators - Replace C $0 $0 $0 $0 $03101 Water Injector- Replace $0 $0 $0 $0 $03102 Backhoe Loader - Replace $0 $0 $0 $0 $03104 Blowers - Replace $0 $46,259 $0 $0 $03108 Compressor - Replace $0 $0 $0 $0 $03109 Accu-Pro Reel Grinder - Replace $0 $0 $0 $0 $03109 Anglemaster Bedknife Grinder $0 $0 $0 $0 $63,6273109 Express Dual Reel Grinder $0 $0 $0 $0 $63,6273119 Gator Vehicles - Replace $0 $0 $0 $0 $03119 John Deere ProGators - Replace $0 $0 $0 $0 $03121 GMC Sierra Truck - Replace $0 $52,836 $0 $0 $03122 Ford Dump Truck - Replace $0 $0 $0 $0 $03123 Carryall Utility Carts - Replace $0 $98,394 $0 $0 $03123 EZ-Go Utility Carts - Replace $0 $0 $49,979 $0 $03124 Workman Utility Vehicles (2012) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2013) $0 $0 $0 $0 $03124 Workman Utility Vehicles (2014) $109,923 $0 $0 $0 $03124 Workman Utility Vehicles (2015) $0 $37,740 $0 $0 $03124 Workman Utility Vehicles (2016) $0 $0 $310,980 $0 $03125 T-Mag Trucks - Replace $0 $0 $0 $83,509 $03127 Turf Sprayers - Replace (2016) $0 $0 $0 $0 $325,2063128 Top Dresser - Replace (2014) $36,641 $0 $0 $0 $03128 Top Dresser - Replace (2016) $0 $0 $38,873 $0 $03129 Sand Rakers - Replace (2011) $0 $0 $0 $0 $03129 Sand Rakers - Replace (2015) $0 $0 $0 $102,957 $03130 Greensmasters 3150D $0 $0 $0 $0 $03130 Greensmasters 3250D $0 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2012) $339,192 $0 $0 $0 $03130 Greensmasters 3300 TriFlex (2013) $0 $174,684 $0 $0 $0


Fiscal Year 2044 2045 2046 2047 20483130 Greensmasters 3300 TriFlex (2014) $0 $0 $359,849 $0 $03130 Greensmasters 3300 TriFlex (2015) $0 $0 $0 $648,627 $03130 Greensmasters 3300 TriFlex (2016) $0 $0 $0 $0 $381,7643130 Greensmasters Flex 21 $0 $0 $55,532 $0 $03130 Greensmasters Flex 2100 $0 $0 $0 $0 $58,9143130 Groundsmasters 4700-D (A) $0 $0 $0 $0 $03130 Groundsmasters 4700-D (B) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2011) $0 $0 $0 $0 $03130 Reelmasters 3100-D (2013) $0 $87,342 $0 $0 $03130 Reelmasters 3100-D (2015) $0 $0 $0 $185,322 $03130 Reelmasters 4000-D $0 $0 $0 $0 $03130 Reelmasters 5010-H $0 $0 $0 $0 $03130 Reelmasters 7000-D (2013) $0 $87,342 $0 $0 $03130 Reelmasters 7000-D (2017) $0 $0 $0 $0 $03131 Spreaders - Replace $0 $0 $0 $0 $03132 Speed Roller - Replace $0 $0 $0 $0 $03133 Seeder - Replace $0 $0 $0 $0 $22,9773135 Sweeper (Tennant) - Replace (2016) $0 $0 $0 $0 $79,1813135 Sweeper (Toro) - Replace (2013) $0 $72,461 $0 $0 $03135 Sweeper (Toro) - Replace (2017) $0 $0 $0 $0 $03137 Tire Changer - Replace $0 $0 $0 $0 $03140 Tractor - Replace (2006) $0 $0 $0 $0 $03140 Tractor - Replace (2007) $0 $0 $0 $0 $03140 Tractor - Replace (2009) $0 $0 $0 $0 $03140 Tractor - Replace (2011) $0 $0 $0 $0 $03140 Tractor - Replace (2012) $0 $0 $0 $0 $03140 Tractor - Replace (2016) $0 $0 $76,412 $0 $03140 Tractor - Replace (2018) $0 $0 $0 $0 $81,0663140 Tractors - Replace (2010) $0 $0 $0 $0 $03142 Forklift - Replace (2018) $0 $0 $0 $0 $109,5803145 Gearemore Trailer - Replace (2010) $0 $0 $0 $0 $03145 Gearmore Trailers - Replace (2012) $0 $0 $0 $0 $03145 Trailer - Replace (2009) $0 $0 $0 $0 $03145 Trailer - Replace (2013) $0 $0 $0 $0 $03172 Flail - Replace $0 $0 $0 $0 $0

Irrigation

825 Weather Station - Replace $0 $0 $0 $0 $0912 Irrigation Computer - Replace $1,152 $0 $0 $0 $01003 Irrigation Controllers - Replace $0 $334,272 $0 $0 $01004 Irrigation Interface Modules - Repl $0 $26,957 $0 $0 $01006 Irrigation Pumps/Cont (Golf)- Repla $0 $0 $0 $0 $01006 Irrigation Pumps/Cont (MY)- Repla $0 $0 $0 $0 $01007 Irrigation Systems - Repair $0 $150,961 $0 $0 $01007 Irrigation Systems - Replace $0 $0 $0 $0 $01075 Reservoir - Reline $0 $0 $0 $0 $01080 Well (#1) - Refurbish $0 $0 $0 $0 $01080 Well (#2) - Refurbish $0 $0 $0 $0 $0

Total Expenses $1,887,227 $2,318,174 $1,402,522 $1,289,133 $2,359,983



Accuracy, Limitations, and Disclosures

Association Reserves and its employees have no ownership, management, or other business relationshipswith the client other than this Reserve Study engagement. Kevin Leonard, R.S., president, is a credentialedReserve Specialist (#294). All work done by Association Reserves is performed under his ResponsibleCharge and is performed in accordance with National Reserve Study Standards (NRSS). There are nomaterial issues to our knowledge that have not been disclosed to the client that would cause a distortion ofthe client’s situation.

Per NRSS, information provided by official representative(s) of the client, vendors, and suppliers regardingfinancial details, component physical details and/or quantities, or historical issues/conditions will be deemedreliable, and is not intended to be used for the purpose of any type of audit, quality/forensic analysis, orbackground checks of historical records. As such, information provided to us has not been audited orindependently verified.

Estimates for interest and inflation have been included, because including such estimates are more accuratethan ignoring them completely. When we are hired to prepare Update reports, the client is considered tohave deemed those previously developed component quantities as accurate and reliable, whetherestablished by our firm or other individuals/firms (unless specifically mentioned in our Site Inspection Notes).During inspections our company standard is to establish measurements within 5% accuracy, and our scopeincludes visual inspection of accessible areas and components and does not include any destructive or othertesting. Our work is done only for budget purposes. Uses or expectations outside our expertise and scopeof work include, but are not limited to, project audit, quality inspection, and the identification of constructiondefects, hazardous materials, or dangerous conditions. Identifying hidden issues such as but not limited toplumbing or electrical problems are also outside our scope of work. Our estimates assume proper originalinstallation & construction, adherence to recommended preventive maintenance, a stable economicenvironment, and do not consider frequency or severity of natural disasters. Our opinions of componentUseful Life, Remaining Useful Life, and current or future cost estimates are not a warranty or guarantee ofactual costs or timing.

Because the physical and financial status of the property, legislation, the economy, weather, ownerexpectations, and usage are all in a continual state of change over which we have no control, we do notexpect that the events projected in this document will all occur exactly as planned. This Reserve Study is bynature a “one-year” document in need of being updated annually so that more accurate estimates can beincorporated. It is only because a long-term perspective improves the accuracy of near-term planning thatthis Report projects expenses into the future. We fully expect a number of adjustments will be necessarythrough the interim years to the cost and timing of expense projections and the funding necessary to preparefor those estimated expenses.

In this engagement our compensation is not contingent upon our conclusions, and our liability in any matterinvolving this Reserve Study is limited to our fee for services rendered.


BTU British Thermal Unit (a standard unit of energy)

DIA Diameter

GSF Gross Square Feet (area). Equivalent to Square Feet

GSY Gross Square Yards (area). Equivalent to Square Yards

HP Horsepower

LF Linear Feet (length)

Effective Age The difference between Useful Life and Remaining Useful Life.Note that this is not necessarily equivalent to the chronologicalage of the component.

Fully Funded Balance (FFB) The value of the deterioration of the Reserve Components.This is the fraction of life "used up" of each componentmultiplied by its estimated Current Replacement. Whilecalculated for each component, it is summed together for anproperty total.

Inflation Cost factors are adjusted for inflation at the rate defined in theExecutive Summary and compounded annually. Theseincreasing costs can be seen as you follow the recurring cyclesof a component on the "30-yr Income/Expense Detail" table.

Interest Interest earnings on Reserve Funds are calculated using theaverage balance for the year (taking into account income andexpenses through the year) and compounded monthly usingthe rate defined in the Executive Summary. Annual interestearning assumption appears in the Executive Summary.

Percent Funded The ratio, at a particular point in time (the first day of the FiscalYear), of the actual (or projected) Reserve Balance to the FullyFunded Balance, expressed as a percentage.

Remaining Useful Life (RUL) The estimated time, in years, that a common area componentcan be expected to continue to serve its intended function.

Useful Life (UL) The estimated time, in years, that a common area componentcan be expected to serve its intended function.

Terms and Definitions


Component Details

The primary purpose of the Component Details appendix is to provide the reader with the basis of ourfunding assumptions resulting from our physical analysis and subsequent research. The informationpresented here represents a wide range of components that were observed and measured against NationalReserve Study Standards to determine if they meet the criteria for reserve funding.

1) Common area repair & replacement responsibility2) Component must have a limited useful life3) Life limit must be predictable4) Above a minimum threshold cost (board’s discretion – typically ½ to 1% of Annual operating expenses).

Not all your components may have been found appropriate for reserve funding. In our judgment, thecomponents meeting the above four criteria are shown with the Useful Life (how often the project isexpected to occur), Remaining Useful Life (when the next instance of the expense will be) and representativemarket cost range termed “Best Cost” and “Worst Cost”. There are many factors that can result in a widevariety of potential costs, and we have attempted to present the cost range in which your actual expense willoccur.

Where no Useful Life, Remaining Useful Life, or pricing exists, the component was deemed inappropriatefor Reserve Funding.


Comp #: 103 Concrete Surfaces - Repair Quantity: Extensive GSF

Useful Life:1 years

Remaining Life:0 years

Best Case: $ 8,000

Lower estimate

Worst Case: $ 12,000

Higher estimate


Location: Sidewalks, Cart paths, etc.Funded?: Yes.History: Annual repairsEvaluation: Good condition: Concrete sidewalks determined to be in good condition typically exhibit smooth surfaces with positiveslopes. If present, cracking is minimal and sporadic, and any trip hazards are isolated, not consistent in all areas. Normal signs ofwear and age. Repair any trip and fall hazards immediately to ensure safety. As routine maintenance, inspect regularly, pressurewash for appearance and repair promptly as needed to prevent water penetrating into the base and causing further damage. Inour experience, larger repair/replacement expenses emerge as the community ages, especially as trees adjacent to sidewalkscontinue to grow. Although difficult to predict timing, cost and scope, we suggest a rotating funding allowance to supplement theoperating/maintenance budget for periodic larger repairs. Adjust as conditions, actual expense patterns dictate within futureReserve Study updates.

Cost Source: Country Club Historical Costs


Comp #: 201 Asphalt - Resurface Quantity: Approx 100,000 GSF

Useful Life:30 years


Best Case: $ 250,000

Lower estimate


Higher estimate

Location: Parking LotFunded?: Yes.History: OriginalEvaluation: Fair condition: Asphalt pavement determined to be in fair condition typically exhibits a mostly uniform surface but withminor to moderate raveling and surface wear. If present, crack patterns are normal for the age of the asphalt and not extreme, andthere are no signs of advanced deterioration, such as large block cracking patterns, “alligatoring” or potholes. Overall appears tobe aging normally and still up to an appropriate aesthetic standard. As routine maintenance, keep roadway clean, free of debrisand well drained; fill/seal cracks to prevent water from penetrating into the sub-base and accelerating damage. Even with ordinarycare and maintenance, plan for eventual large scale resurface (milling and overlay of all asphalt surfaces is recommended here,unless otherwise noted) at roughly the time frame below. Take note of any areas of ponding water or other drainage concerns,and incorporate repairs into scope of work for resurfacing. Our inspection is visual only and does not incorporate any coresampling or other testing, which may be advisable when asphalt is nearing end of useful life. Some communities choose to workwith independent paving consultants or engineering firms in order to identify any hidden concerns and develop scope of work priorto bidding. If more comprehensive analysis becomes available, incorporate findings into future Reserve Study updates asappropriate.

Cost Source: ARI Cost Database


Comp #: 202 Asphalt - Seal/Repair Quantity: Approx 100,000 GSFLocation: Parking LotFunded?: Yes.History: 2017: $17,500

Useful Life:4 years


Best Case: $ 15,000

Lower estimate


Higher estimate

Evaluation: Good condition: Asphalt seal-coat determined to be in good condition typically exhibits a uniform and dark coat withgood contrast between traffic markings and pavement. Regular cycles of seal coating (along with any needed repair) has provento be the best program in our opinion for the long term care of asphalt pavement. The primary reason to seal coat asphaltpavement is to protect the pavement from the deteriorating effects of sun and water. When asphalt pavement is exposed, theasphalt oxidizes, or hardens which causes the pavement to become more brittle. As a result, the pavement will be more likely tocrack because it is unable to bend and flex when subjected to traffic and temperature changes. A seal coat combats this situationby providing a water-resistant membrane, which not only slows down the oxidation process but also helps the pavement to shedwater, preventing it from entering the base material. Seal coating also provides uniform appearance, concealing the inevitablepatching and repairs which accumulate over time. Seal coating ultimately can extend the useful life of asphalt, postponing theneed for asphalt resurfacing. If asphalt is already cracked, raveled and otherwise deteriorated, seal-coating will not provide muchphysical benefit, but still may have aesthetic benefits for curb appeal.

Cost Source: Client Cost History


Comp #: 206 Concrete Pavers - Replace Quantity: Approx 4,000 GSF



Best Case: $ 60,000

Lower estimate


Higher estimate

Comp #: 338 Utility Infrastructure - Maintain Quantity: Extensive Components

Useful Life:

Remaining Life:

Best Case: Worst Case:

Location: Entrance areaFunded?: Yes.History:Evaluation: Good condition: Paver roadways and/or parking sections determined to be in good condition typically exhibit an evenand positively sloped surface. No obvious trip hazards or significant cracking or damage. Good aesthetic appeal. As routinemaintenance, pavers should be inspected to identify any physical issues such as lifting, cracking, and excessive surface wear. Werecommend maintaining a small amount of spare pavers on site for replacement in the event of breakage. At long intervals,sunlight, weather and vehicle traffic can degrade the condition of the material, requiring replacement for structural and/or aestheticreasons. Schedule shown here may be updated based on the aesthetic preferences of the association and standards in the localarea. Some associations choose to apply a sealer coat, which may help preserve and/or enhance aesthetic appeal.


Location: Throughout associationFunded?: No.History:Evaluation: In most cases, underground utility infrastructure for water/sewer, gas, cable, electricity, etc, should have an indefiniteuseful life with no predictable timeline for major repairs/replacement. Localized failures and required repairs are nearly alwaysaddressed on an "as-needed" basis, usually as an Operating expense. The scope and frequency of required repairs orreplacements is too unpredictable to merit Reserve funding at this time. However, if the club is concerned with conditions of thesystem and potential scope of work for repair/replacement, we recommend further inspection by others. If additional information isobtained and a scope of work is established, this component should be re-evaluated and Reserve funding added as needed.

Cost Source:


Comp #: 414 Flag Pole - Replace Quantity: (1) Flag Pole



Best Case: $ 1,500

Lower estimate

Worst Case: $ 2,500

Higher estimate

Comp #: 501 Perimeter Block Walls - Repair Quantity: Approx 8750 LF

Useful Life:1 years


Best Case: $ 13,000 Worst Case: $ 16,000

Location: Common areaFunded?: Yes.History:Evaluation: Good condition: Flag poles determined to be in good condition typically exhibit good surface finishes and are standingstraight with no tilting/leaning. Appropriate for local aesthetic standards. Flag poles should have a very long useful life withminimal maintenance required. Inspect and repair as needed as an Operating expense, and plan to replace at the approximateinterval shown below. Unless otherwise noted, costs to replace are based on replacing with a comparable size and style.

Cost Source: ARI Cost Datebase

Location:Funded?: Yes.History:Evaluation: An annual allowance has been provided to repair the perimeters walls. Monitor and adjust Reserve Study asnecessary.



Comp #: 503 Metal Railing - Replace Quantity: Approx 1,000 LF



Best Case: $ 35,000

Lower estimate


Higher estimate

Location: Throughout the common areaFunded?: Yes.History: OriginalEvaluation: Good condition: Metal fencing determined to be in good physical/structural condition is stable and upright, with nosigns or reports of damage or required repairs. All components and hardware appear to be in serviceable condition with nounusual or advanced signs of wear or age. Fencing is in good aesthetic condition. In our experience, metal fencing will typicallyeventually break down due to a combination of sun and weather exposure, which is sometimes exacerbated by other factors suchas irrigation overspray, abuse and lack of preventive maintenance. For some types of fencing, complete replacement is advisableover recoating or refinishing due to relatively short lifespan of coatings and consideration of total life-cycle cost.



Comp #: 713 Trash Enclosures - Replace Quantity: (2) Enclosures



Best Case: $ 3,000

Lower estimate to replace

Worst Case: $ 5,000

Higher estimate

Location: Common areasFunded?: Yes.History:Evaluation: Good condition: Trash enclosures determined to be in good condition exhibit attractive, consistent finishes with nosignificant wear or signs of abuse. If present, gates are intact and functional with no severe deterioration of hardware. Trashenclosures should be cleaned and inspected regularly, and repaired as needed to ensure safety and good function. Enclosuresleft to deteriorate can become an eyesore and will have a negative effect on the aesthetic value in the common areas. Due toexposed location and occasional damage from garbage trucks, trash enclosures generally require replacement at the intervalshown here.



Comp #: 802 Pole Lights - Replace Quantity: (20) Poles/Fixtures



Best Case: $ 20,000

Lower estimate


Higher estimate

Comp #: 803 Landscape Lights - Replace Quantity: Numerous Fixtures

Useful Life:

Remaining Life:


Location: Parking Lot and Miscellaneous areasFunded?: Yes.History: OriginalEvaluation: Good condition: Pole lights determined to be in good condition typically exhibit good surface finishes with only minor,normal signs of wear. Fixtures are intact and clear with no unusual signs of age. Style is consistent and appropriate for localaesthetic standards. Observed during daylight hours; assumed to be in functional operating condition. As routine maintenance,inspect, repair/change bulbs as needed. Best to plan for large scale replacement at roughly the time frame below for costefficiency and consistent quality/appearance throughout Association. Replacement costs can vary greatly; estimates shown hereare based on replacement with a comparable size and design, unless otherwise noted.


Location: Throughout the country clubFunded?: No.History:Evaluation: Observed during daylight hours and assumed to be functional. Individual replacement costs typically do not meetthreshold for Reserve funding. Landscape light fixtures are generally considered to have little to no aesthetic value and do nottypically need to be replaced all at one time. Repairs and replacements should be made as needed and considered to be anOperating expense. If a pattern of larger expenses develops over time, Reserve funding recommendations may be incorporatedduring future Reserve Study updates.

Cost Source:


Comp #: 804 Bollard Lights - Replace Quantity: (20) Fixtures



Best Case: $ 18,000

Lower estimate


Higher estimate

Location: Throughout common areaFunded?: Yes.History: OriginalEvaluation: Good condition: Bollard lights determined to be in good condition typically exhibit good surface finishes with onlyminor, normal signs of wear. Fixtures are intact and clear with no unusual signs of age. Style is consistent and appropriate forlocal aesthetic standards. Inspected during daylight hours; assumed to be in functional operating condition. As routinemaintenance, inspect, repair/change bulbs as needed. Best to plan for large scale replacement at roughly the time frame below forcost efficiency and consistent quality/appearance throughout association. Replacement costs can vary greatly; estimates shownhere are based on replacement with a comparable size and design, unless otherwise noted.



Comp #: 1107 Metal Railing - Repaint Quantity: Approx 1,000 LF

Useful Life:5 years


Best Case: $ 10,000

Lower estimate


Higher estimate

Comp #: 1114 Perimeter Block Walls - Repaint Quantity: Approx 65000 GSF

Useful Life:5 years



Location: Common areaFunded?: Yes.History:Evaluation: Good condition: Metal fencing determined to be in good condition typically exhibits a uniform coating or surface finishwithout any noticeable corrosion or rust. Color and appearance is consistent over most/all areas. No specific recommendation forfunding for painting or re-coating, which is expected to be completed as needed as an Operating expense, or as part of scope ofwork for larger painting projects within the development. Metal fencing should be painted at the interval shown here in order toinhibit or delay onset of rust/corrosion and prevent or minimize costly repairs. Painting not only protects the metal surface fromexcessive wear, but promotes a good, attractive appearance in the common areas. Costs can vary greatly depending on existingconditions of fencing, which will dictate amount of repair/prep work required.


Location:Funded?: Yes.History:Evaluation: The perimeter walls are unattractive and need to be painted at this time.



Comp #: 1402 Monument Signs - Replace Quantity: (2) Signs



Best Case: $ 6,000



Higher estimate

Location: Entrance to clubFunded?: Yes.History: OrginalEvaluation: Good condition: Monument signage determined to be in good condition typically exhibits good appearance andaesthetics in keeping with local area. Generally uniform and attractive finishes. If present, lettering is clean, complete and legibleand any surrounding landscaping, lighting, etc. is attractive and functioning. As routine maintenance, inspect regularly,clean/touch-up and repair as an Operating expense. Plan to refurbish or replace at the interval below. Timing and scope ofrefurbishing or replacement projects is subjective but should always be scheduled in order to maintain good curb appeal. In ourexperience, most Associations choose to refurbish or replace signage periodically in order to maintain good appearance andaesthetics in keeping with local area, often before signage is in poor physical condition. If present, concrete walls are expected tobe painted and repaired as part of refurbishing, but not fully replaced unless otherwise noted. Costs can vary significantlydepending on style/type desired, and may include additional costs for design work, landscaping, lighting, water features, etc.Reserve Study updates should incorporate any estimates or information collected regarding potential projects.



Comp #: 301 Electrical System - Replace Quantity: Extensive System

Useful Life:

Remaining Life:


Clubhouse

Location: Throughout buildingFunded?: No.History:Evaluation: Detailed analysis of electrical infrastructure is not included within the scope of this Reserve Study. Some electricalsystem components used historically have been found to be life-limited, but even when component failures occur, the predictabilityof such failures in terms of frequency and scope is very difficult to determine. Manufacturing defects may become apparent fromtime to time and certain site conditions can contribute to premature deterioration of system components. Typically, if installed perarchitectural specifications and local building codes, there is no predictable time frame for large scale repair/replacementexpenses within the scope of our report. In our experience working with similar clubs, service life typically lasts well beyond ratedlife of components. Treat minor repairs as ongoing maintenance expense. Periodic inspections of distribution system by qualifiedelectrician are wise to clean and tighten, exercise breakers, etc. Some clubs employ infrared or other testing methodologies toidentify trouble spots and potential hazards. Funding may be incorporated into future Reserve Study updates if conditions dictate.Keep track of any relevant expenses and include information during future Reserve Study updates as necessary. No basis forReserve funding at this time.

Cost Source:


Comp #: 303 Evaporative Coolers - Replace Quantity: (4) Systems



Best Case: $ 16,000

Lower estimate


Higher estimate

Comp #: 303 HVAC Systems - Replace Quantity: (12) Units




Lower estimate


Higher estimate

Location: RooftopFunded?: Yes.History:Evaluation: No major deterioration or wear was noted. Expect a full useful life.


Location: Rooftop of buildingFunded?: Yes.History:Evaluation: When exact replacement date is unknown or unreported, age of the system is derived by manufacturer's serial numberor date shown on equipment unless otherwise noted. Life expectancy of HVAC systems can vary greatly depending on manyfactors including location of the property, level of preventive maintenance, manufacturer, technology/efficiency improvements, etc.We recommend that routine repairs and maintenance such as filter replacements, system flushing, etc. be budgeted as anOperating expense. Useful life can often be extended with proactive service and maintenance. Unless otherwise noted, fundingfor system with same size/capacity as the current system. For split systems, we recommend budgeting to replace the entiresystem (condensing unit and air handler) together in order to obtain better unit pricing and ensure maximum efficiency, refrigerantcompatibility, etc. If additional costs are expected during replacement, such as for system reconfiguration or expansion, ductworkrepairs, electrical work, etc. costs should be re-evaluated and adjusted as needed during future Reserve Study updates.



Comp #: 304 IT Equip - Update/Replace Quantity: x System

Useful Life:

Remaining Life:

Best Case:Lower estimate

Worst Case:Higher estimate

Comp #: 305 Security System - Replace Quantity: (1) System



Best Case: $ 25,000

Lower estimate


Higher estimate

Location: Common areaFunded?: No.History:Evaluation: In general, costs related to this component are expected to be included in the club's Operating budget. Norecommendation for Reserve funding at this time. However, any repair and maintenance or other related expenditures should betracked, and this component should be re-evaluated during future Reserve Study updates based on most recent information anddata available at that time. If deemed appropriate for Reserve funding, component can be included in the funding plan at that time.


Location: Throughout the common areaFunded?: Yes.History:Evaluation: Security/surveillance systems should be monitored closely to ensure proper function. Whenever possible, cameralocations should be protected and isolated to prevent tampering and/or theft. Typical modernization projects may include additionand/or replacement of cameras, recording equipment, monitors, software, etc. Costs assume that existing wiring can be re-usedand only the actual equipment will be replaced. In many cases, replacement or modernization is warranted due to advancement intechnology, not necessarily due to functional failure of the existing system. Keep track of any partial replacements and includecost history during future Reserve Study updates.



Comp #: 306 Exhaust Fans - Repair/Replace Quantity: (9) Fans



Best Case: $ 31,500

Lower estimate


Higher estimate

Location: RooftopFunded?: Yes.History:Evaluation: Fans should be inspected and serviced regularly by HVAC vendor or maintenance staff to ensure proper function andto help attain full life expectancy. This component represents a periodic allowance to repair or rebuild, replacing motors and otherparts as needed, etc. Entire fan may need to be replaced in some instances, especially in coastal locations.



Comp #: 329 Fire Alarm System - Replace Quantity: (1) System



Best Case: $ 20,000

Lower estimate


Higher estimate

Location: Common areaFunded?: Yes.History:Evaluation: Our inspection is for planning and budgeting purposes only; fire alarm equipment is assumed to have been designedand installed properly and is assumed to comply with all relevant building codes. Regular testing and inspections should beconducted as an Operating expense. In many cases, manufacturers discontinue support of equipment after a certain number ofyears, which may limit availability of replacement parts as the system ages. Cost estimates assume that existing wiring can be re-used and that only panel and devices will be replaced. If wiring requires replacement, estimates should be increased accordingly,but in our experience wiring should have an indefinite useful life. Cost estimates are based on quantity and type of existingequipment, not including any expansion or upgrades, which may be required. We recommend reviewing system components withfire alarm vendor on a regular basis. If expansion of system is found to be required, the Reserve Study should be updated and anyadditional costs should be factored accordingly.



Comp #: 331 Water Heater - Replace Quantity: (1) Heater



Best Case: $ 13,500

Lower estimate


Higher estimate

Comp #: 405 Mist System - Replace Quantity: (1) System



Best Case: $ 30,000

Lower estimate


Higher estimate

Location: Utility ClosetFunded?: Yes.History:Evaluation: Water heater life expectancies can vary greatly depending on level of use, location within a building, etc. Should beinspected and repaired as needed by servicing vendor or maintenance staff. Unless otherwise noted, expected to be functional.Plan to replace at the approximate interval shown below. When evaluating replacements, we recommend choosing high-efficiencyor tankless models if possible in order to minimize energy usage.


Location: Exterior patioFunded?: Yes.History:Evaluation: Not tested, bust assumed to be functional. Plan to replace on roughly the schedule below.



Comp #: 411 Drinking Fountains - Replace Quantity: (2) Fountains



Best Case: $ 2,000

Lower estimate

Worst Case: $ 2,800

Higher estimate

Comp #: 601 Carpet - Replace Quantity: Approx 1,000 GSY



Best Case: $ 40,000

Lower estimate


Higher estimate

Location: Common area; RestroomFunded?: Yes.History:Evaluation: Tested to be functional. Some visible wear. Plan to replace on the schedule below.


Location: Throughout interiorsFunded?: Yes.History:Evaluation: As part of ongoing maintenance program, vacuum regularly and professionally clean as needed. Best practice is tocoordinate at same time as other interior projects whenever possible to minimize downtime and maintain consistent qualitystandard. Timing of replacements is ultimately subjective. Estimates shown here are based on our experience with similarproperties and general aesthetic qualities. Schedule can be updated/adjusted at the discretion of the Association for planningpurposes.



Comp #: 606 Vinyl Flooring - Replace Quantity: Approx 800 GSF



Best Case: $ 13,000

Lower estimate


Higher estimate

Comp #: 610 Tile Floor - Replace Quantity: Approx 10,000 GSF




Lower estimate


Higher estimate

Location: FlooringFunded?: Yes.History:Evaluation: Inspect regularly, repair any damaged areas and clean using operating/maintenance budget. Although vinyl flooringshould have a very long useful life in this application, comprehensive replacement should eventually be expected to maintain goodaesthetic standards in the common areas. Costs can vary based on quality and style of flooring selected.


Location: Kitchen, Lobby, BathroomsFunded?: Yes.History:Evaluation: As part of ongoing maintenance program, inspect regularly and repair or replace damaged sections as needed. Ifavailable, best practice is to keep a collection of replacement tiles on hand for partial replacements. With ordinary care andmaintenance, tile in interior locations can last for an extended period of time, but replacement is often warranted eventually toenhance and restore aesthetic appeal in the common areas. Replacement costs can vary greatly depending on size and type oftiles selected. Our recommendation is to replace at the approximate schedule shown here, but this schedule can be adjusted atthe Association's discretion.



Comp #: 717 Exterior Windows & Doors - Replace Quantity: (1) Clubhouse




Lower estimate


Higher estimate

Location: Building ExteriorsFunded?: Yes.History:Evaluation: Unless otherwise noted, this component refers only to exterior windows and doors. All are assumed to have beencompliant with applicable building codes at time of installation. Inspect regularly for leaks and cracks around frame and repair asneeded. Clean tracks and ensure hardware is functional to prevent accidental damage during opening/closing. With ordinary careand maintenance, useful life is typically long but often difficult to predict. Many factors affect useful life including quality of windowcurrently installed, waterproofing details, exposure to wind and rain, etc. Individual windows and doors should be replaced as anOperating expense if damaged or broken. Plan for comprehensive replacement of all areas (unless otherwise noted) at theapproximate interval shown here. Costs are based on replacement with good quality, impact-resistant models.



Comp #: 805 Exterior Lights - Replace Quantity: (30) Fixtures



Best Case: $ 3,000

Lower estimate

Worst Case: $ 4,500

Higher estimate

Comp #: 813 Interior Lights - Replace Quantity: xx Fixtures

Useful Life:

Remaining Life:


Location: Throughout common areaFunded?: Yes.History:Evaluation: Good condition: Exterior lights determined to be in good condition typically exhibit only minor signs of normal wear andtear, and are consistent with local aesthetic standards for the development. Observed during daylight hours, but assumed to be infunctional operating condition. As routine maintenance, clean by wiping down with an appropriate cleaner, change bulbs andrepair as needed. Best practice is to plan for replacement of all lighting together at roughly the time frame below for cost efficiencyand consistent quality/appearance throughout development. Should be coordinated with exterior painting projects wheneverpossible. Individual replacements should be considered an Operating expense. If available, an extra supply of replacement fixturesshould be kept on-site to allow for prompt replacement.


Location: Throughout interiorsFunded?: No.History:Evaluation: There's no expectation to replace all this lighting at once. In general, costs related to this component are expected tobe included in the club's operating budget. No recommendation for Reserve funding at this time. However, any repair andmaintenance or other related expenditures should be tracked, and this component should be re-evaluated during future ReserveStudy updates based on most recent information and data available at that time. If deemed appropriate for Reserve funding,component can be included in the funding plan at that time.

Cost Source:


Comp #: 902 Furniture - Partial Replace (Ext) Quantity: Assorted Pieces

Useful Life:2 years


Best Case: $ 18,000

Lower estimate


Higher estimate

Comp #: 902 Furniture - Partial Replace (Int) Quantity: Assorted Pieces

Useful Life:2 years


Best Case: $ 26,000

Lower estimate


Higher estimate

Location: Exterior Common areaFunded?: Yes.History:Evaluation: The useful heavily depends on the level of usage. For now, plan to replace a few pieces every few years.


Location: Interior Common areaFunded?: Yes.History:Evaluation: The useful heavily depends on the level of usage. For now, plan to replace a few pieces every few years.



Comp #: 902 Furniture - Replace (Main DiningRm) Quantity: (449) Assorted Pieces



Best Case: $ 80,000

Lower estimate


Higher estimate

Comp #: 902 Furniture/Equip - Replace (Admin) Quantity: Assorted Pieces



Best Case: $ 10,000

Lower estimate


Higher estimate

Location: Dining areaFunded?: Yes.History:Evaluation: The useful heavily depends on the level of usage. For now, plan to replace on the schedule below.


Location: Common areaFunded?: Yes.History:Evaluation: A general allowance has been provided to replace furniture and office equipment on roughly the schedule below.



Comp #: 903 Commercial Dishwasher - Replace Quantity: (1) 17.7K Capacity



Best Case: $ 55,000

Lower estimate


Higher estimate

Comp #: 903 Kitchen Equip - Replace Quantity: Assorted Pieces

Useful Life:1 years


Best Case: $ 15,000

Lower estimate


Higher estimate

Location: KitchenFunded?: Yes.History:Evaluation: Individual appliances were not tested during inspection, and are assumed to be in functional operating conditionunless otherwise noted. Useful life can vary greatly depending on level of use, quality, care and maintenance, etc. Fundingrecommendation shown here is for replacing with comparable quality commercial-grade appliances.


Location: KitchenFunded?: Yes.History: Annual ReplacementsEvaluation: There is no expectation to replace all kitchen equipment at one time. An annual allowance has been provided to makereplacements as needed.

Cost Source: Allowance


Comp #: 905 Sauna Heaters - Replace Quantity: (2) Heaters

Useful Life:

Remaining Life:


Comp #: 906 Sauna Rooms - Refurbish Quantity: xx Rooms

Useful Life:

Remaining Life:


Location: SaunaFunded?: No.History:Evaluation: No access to inspect as the sauna was being used at the time of the inspection. Sauna heater was not tested duringsite inspection. Should be inspected and repaired as needed as an Operating expense. Assumed to be functional and in goodworking condition. Life expectancy can be very long and will depend on level of use. Cost to replace is included with saunaremodeling component.

Cost Source:

Location:Funded?: No.History:Evaluation: No access to inspect as the sauna was being used at the time of the inspection. In our experience, refurbishingexpenses will be limited and sporadic in nature, with costs not expected to meet the threshold for Reserve funding. Inspectperiodically for damaged or splintering wood and repair as needed to ensure safety. No recommendation for Reserve funding atthis time.

Cost Source:


Comp #: 908 Window Treatments - Replace Quantity: (85) Treatments



Best Case: $ 50,000

Lower estimate


Higher estimate

Comp #: 909 Restrooms/Locker rooms - Refurbish Quantity: (8) Assorted Rooms




Lower estimate


Higher estimate

Location: Interior wallsFunded?: Yes.History:Evaluation: Appear to be attractive and functional. Plan to replace roughly on the schedule below.


Location: Bathrooms throughout the clubhouseFunded?: Yes.History:Evaluation: As routine maintenance, inspect regularly and perform any needed repairs promptly utilizing general Operating funds.Typical remodeling project can include some or all of the following: replacement of plumbing fixtures, partitions, countertops,lighting, flooring, ventilation fans, accessories, décor, etc. Costs can vary greatly depending on scope of work involved. In general,estimates shown are based primarily on cosmetic remodeling, not necessarily total "gut" remodel projects unless otherwise noted.



Comp #: 910 Bar - Remodel Quantity: Built-In Millwork/Decor



Best Case: $ 60,000

Lower estimate


Higher estimate

Comp #: 910 Golf Pro Shop - Remodel Quantity: Built-In Millwork



Best Case: $ 80,000

Lower estimate


Higher estimate

Location: Pro ShopFunded?: Yes.History:Evaluation: The bar area should be considered a significant aesthetic priority. Costs to remodel shown here may includereplacement/restoration of flooring, interior painting, lighting, furnishings, decor, etc. Costs can vary greatly depending on overallscope of work and types of finishes/furnishings selected. Comprehensive updating should be anticipated at longer intervals tomaintain a current, high-quality standard attractive to existing owners as well as potential buyers.


Location: Pro ShopFunded?: Yes.History:Evaluation: The pro shop should be considered a significant aesthetic priority. Costs to remodel shown here may includereplacement/restoration of flooring, interior painting, lighting, furnishings, decor, etc. Costs can vary greatly depending on overallscope of work and types of finishes/furnishings selected. Comprehensive updating should be anticipated at longer intervals tomaintain a current, high-quality standard attractive to existing owners as well as potential buyers.



Comp #: 928 A/V Equipment - Replace/Upgrade Quantity: (1) System

Useful Life:2 years


Best Case: $ 8,800

Lower allowance


Higher allowance

Comp #: 929 Ice Machine - Replace Quantity: (1) Machine

Useful Life:8 years


Best Case: $ 7,000

Lower estimate

Worst Case: $ 8,000

Higher estimate

Location: InteriorsFunded?: Yes.History:Evaluation: Audio/visual equipment should be maintained and tested periodically to ensure good function. For most clubs, ongoingreplacement of individual components is treated as an Operating expense, but replacement of many (or all) system componentsmay eventually be warranted. Funding recommendation shown here is for replacement with new equipment, comparable in styleand quality to the assets noted during our site inspection.


Location: Common areaFunded?: Yes.History:Evaluation: Ice machines were not tested during inspection, and are assumed to be in functional operating condition unlessotherwise noted. Cost shown is based on replacement with commercial-grade machines, including maker and bin together as onecombined project.



Comp #: 1110 Interior Surfaces - Paint Quantity: Approx 26,500 GSF



Best Case: $ 21,200

Lower estimate to repaint


Higher estimate

Location: InteriorsFunded?: Yes.History:Evaluation: Regular cycles of professional painting are recommended to maintain appearance. Small touch-up projects can beconducted as needed as a maintenance expense, but comprehensive painting of interior areas will restore a consistent look andquality to all areas. Best practice is to coordinate at same time as other interior projects (flooring, furnishings, lighting, etc.)whenever possible to minimize downtime and maintain consistent quality standard.



Comp #: 1141 Building Exterior - Paint Quantity: Approx 25,000 GSFLocation: Building exteriorsFunded?: Yes.History:Evaluation: Fair condition: Painted exterior surfaces determined to be in fair condition typically exhibit some minor to moderatesigns of wear and age such as chalking, peeling, blistering, etc. Problems tend to develop in more exposed areas first. Hairlinecracks may be present at this stage. Overall appearance is satisfactory. There are two important reasons for painting andwaterproofing a building: to protect the structure from damage caused by exposure to the elements, and to restore or maintaingood aesthetic standards for curb appeal. As routine maintenance, we recommend that regular inspections, spot repairs andtouch-up painting be included in the operating budget. Typical paint cycles can vary greatly depending upon many factorsincluding; type of material painted, surface preparations, quality of material, application methods, weather conditions duringapplication, moisture beneath paint, and exposure to weather conditions. Proper sealant/caulking at window and door perimeters



Best Case: $ 56,000

Lower estimate


Higher estimate

application, moisture beneath paint, and exposure to weather conditions. Proper sealant/caulking at window and door perimetersand other "gaps" in the building structure are critical to preventing water intrusion and resulting damage. The general rule ofthumb is that sealant/caulking should be in place wherever two dissimilar building surfaces meet, such as window frame toconcrete structure junctions. For best results, the client may want to consult with a paint company representative, buildingenvelope specialist and/or structural engineer to specify the types of materials to be used and define complete scope of workbefore bidding. In our experience, cost estimates for painting and waterproofing can vary widely, even when based on the sameprescribed scope of work. Estimates shown here should be updated and revised as needed based on actual bids obtained orproject cost history during future Reserve Study updates.



Comp #: 1301 Roof (Flat) - Replace Quantity: Approx 3,500 GSF



Best Case: $ 23,000



Higher estimate

Location: RooftopFunded?: Yes.History:Evaluation: Good condition: Built up roofs determined to be in good condition typically exhibit uniform, thick granule cover, withminimal signs of wear or deterioration. Few or no signs of ponding water. Roof appears to drain water effectively and no serious orunusual leak problems reported. Few or no signs of bubbling/blistering of the roof surface. Our inspection is limited to a visualevaluation of accessible areas and is not a substitute for a comprehensive inspection including destructive testing, sub-surfacemoisture evaluation, core sampling, etc. The typical useful life of a flat (AKA "low-slope") roof will vary depending on the quality ofthe roof system installed, weather/storm activity, and the maintenance receives throughout its life. As routine maintenance, manymanufacturers recommend professional roofing inspections at least twice annually and after storms. We generally recommendconsideration of ongoing roof maintenance contracts with professional vendors. Ongoing routine inspections by maintenancepersonnel are also advisable, to remove accumulated debris, clear drains and inspect for minor problems. Keep all drainageelements (scuppers, drains, gutters/downspouts, etc.) clear to allow proper drainage and prevent the ponding of water on the roofsurface. We also recommend using walk pads or extra roofing material to provide pathways in high-traffic areas, such as aroundany HVAC units or other equipment. Take care to minimize any penetrations in the roof system. Rooftop satellite dishes or otherequipment should not be permanently mounted into the roof if avoidable; most equipment can instead be weighed down byconcrete blocks or other ballast. All penetrations including drains, vent pipes, conduit, etc. should be carefully flashed andwaterproofed. For more information, we recommend consulting with independent roofing consultants or with organizations such asthe Roof Consultant Institute http://www.rci-online.org/ and the National Roofing Contractors Association (NRCA)http://www.nrca.net/. If the roof has a warranty, be sure to review terms and conduct proper inspections/repairs as needed to keepwarranty in force.



Comp #: 1304 Roof (Tile) - Replace underlayment Quantity: Approx 18,000 GSF



Best Case: $ 90,000



Higher estimate

Location: Clubhouse roofFunded?: Yes.History:Evaluation: The timeline for tile roof replacement is generally estimated based on the age of the roof. Remaining useful life canalso be adjusted based on inspection of any accessible areas, looking for any cracked, slipping or missing tiles, as well asconsultation with the client about history of repairs and preventive maintenance. Typical replacement includes removal andreplacement of tiles and underlayment, with repairs to any damaged substrate made as needed. Tile roofing is typically a long-lived component assuming it was properly installed and is properly maintained. The primary reason to replace tile roofs is notbased on the condition of the tiles themselves, whose main purpose is to provide a barrier for the underlayment which is theactual waterproofing layer of the roof system. As routine maintenance, many manufacturers recommend inspections at least twiceannually and after large storm events. Promptly replace any damaged/missing sections or conduct any other repair needed toensure waterproof integrity of roof. We recommend having roof inspected in greater detail (including conditions of sub-surfacematerials) by an independent roofing consultant prior to replacement. There is a wealth of information available throughorganizations such as the Roof Consultant Institute http://www.rci-online.org/ and the National Roofing Contractors Association(NRCA) http://www.nrca.net/. If the roof has a warranty, be sure to review terms and conduct proper inspections/repairs as neededto keep warranty in force.



Comp #: 2550 Telephone System - Replace Quantity: (1) System



Best Case: $ 40,000

Lower estimate


Higher estimate

Comp #: 2620 Point of Sale System - Replace Quantity: (11) Stations

Useful Life:8 years


Best Case: $ 39,000

Lower estimate


Higher estimate

Location: ClubhouseFunded?: Yes.History: OriginalEvaluation: Assumed to be functional. Make minor repairs as needed as an operational expense. We are planning here toeventual replace the system with upgraded and newer components. Expect a full useful life.


Location: Clubhouse/RestaurantFunded?: Yes.History:Evaluation: Assumed to be functional. Make minor repairs as needed as an operational expense. We are planning here toeventual replace the system with upgraded and newer components. Expect a full useful life.



Comp #: 909 Restrooms - Refurbish Quantity: (6) Restrooms




Comp #: 1020 Aeration Systems - Replace Quantity: (10) EP Systems




Golf Course

Location: Holes 3, 6, 9, 12, 15, 18Funded?: Yes.History:Evaluation: As routine maintenance, inspect regularly and perform any needed repairs promptly utilizing general Operating funds.Typical remodeling project can include some or all of the following: replacement of plumbing fixtures, partitions, countertops,lighting, flooring, ventilation fans, accessories, décor, etc. Costs can vary greatly depending on scope of work involved. In general,estimates shown are based primarily on cosmetic remodeling, not necessarily total "gut" remodel projects unless otherwise noted.


Location: Lakes/PondsFunded?: Yes.History:Evaluation: The aeration systems are older but functional. No reported problems. Repair/replace the motors as needed as anOperating expense.



Comp #: 1115 Cart Path Tunnels - Repaint Quantity: Approx 5350 GSF




Comp #: 1115 Pump House Exterior - Repaint Quantity: Approx 6650 GSF




Location: Between holes #5 and #6Funded?: Yes.History: 2017Evaluation: Plan to repaint roughly on the schedule below to maintain an attractive appearance.


Location: Adjacent to Hole #15Funded?: Yes.History: 2017Evaluation: The exterior paint shows no signs of excessive staining or wear.



Comp #: 1301 Roof (Pump House) - Replace Quantity: Approx 615 GSF




Comp #: 1402 Monuments/Signage/Rocks - Replace Quantity: (305) Assorted Fixtures




Location: Adjacent to Hole #15Funded?: Yes.History:Evaluation: The asphalt/gravel roof is older and has reached an extended useful life. Signs of heavy debris build-up. Anticipatethe need to replace in the near future based on age.


Location: Throughout golf courseFunded?: Yes.History:Evaluation: This component consists of (18) Hole ID Monuments; (23) Directional Monuments; (90) In-Ground Yardage Marks(Tee); (180) Tee Markers; (2) Metal Signs. Generally attractive and sturdy. Plan for full service life.



Comp #: 1701 Bridges - Replace Quantity: (6) Assorted Bridges




Comp #: 3002 Putting Greens - Refurbish Quantity: (18) Greens




Location: Throughout golf courseFunded?: Yes.History:Evaluation: This component consists of (6) 12 X 24 Bridges that were recently replaced. Plan for full service life.


Location: Each holeFunded?: Yes.History:Evaluation: No history of major renovation projects reported and generally clean, attractive and consistent conditions throughoutthe course. No barren patches or discoloration visible.



Comp #: 3004 Tee Boxes - Refurbish/Redesign Quantity: (18) Holes; (90) Tees




Comp #: 3005 Driving Range - Refurbish Quantity: (1) Driving range




Location: Each holeFunded?: Yes.History:Evaluation: No history of tee box refurbishment/redesign at the Course. Plan for major refurbishments around the 20-year mark oflife. Continue to monitor and adjust as necessary.


Location: Adjacent to clubhouseFunded?: Yes.History:Evaluation: The driving range needs to be refurbished more often than tee boxes due to the level of use. Planning roughly on theschedule below.



Comp #: 3006 Sand Bunkers - Renovate Quantity: (103) Assorted Bunkers




Comp #: 3007 Fairways/Drainage - Repair Quantity: (18) Holes

Useful Life:1 years



Location: Throughout golf courseFunded?: Yes.History:Evaluation: Smooth, consistent features noted throughout the course. No barren areas or major erosion issues. Bunkers shouldbe refurbished periodically to restore edges, re-grade sand, etc. We will use the most recent large-scale project as timing forfuture efforts.


Location: Throughout golf courseFunded?: Yes.History:Evaluation: In our experience, fairway and rough grass is replaced on a fairly regular basis. There is no expectation for completereplacement. Funding for on-going fairway, rough, slope, pond shoreline repairs & improving drainage.



Comp #: 4021 Lakes - Refurbish Quantity: (7) lakes



Best Case: $ 1,550,000 Worst Case: $ 1,750,000

Comp #: 4051 Ice Machines - Replace Quantity: (2) Manitowac




Location: Throughout common areaFunded?: Yes.History:Evaluation: No reported problems with the pond or stream beds. The beds are maintained on a regular basis as an Operatingexpense. This component provides funding for periodic major refurbishment - liner repair/replacement, dredging, tree removal,stream configuration, etc.


Location: Holes #4, 15Funded?: Yes.History:Evaluation: Assumed to be functional, plan to replace on the schedule below.



Comp #: 4203 Picker & Cart - Replace Quantity: (1) EZ-Go

Useful Life:6 years



Comp #: 4205 Range Ball Dispenser - Replace Quantity: (1) Automated unit

Useful Life:7 years



Location:Funded?: Yes.History:Evaluation: Functional with no problems reported. Plan to replace on roughly the schedule below.


Location:Funded?: Yes.History:Evaluation: Functional with no problems reported. Plan to replace on roughly the schedule below.



Comp #: 4210 Rental Clubs - Replace Quantity: (12) Sets

Useful Life:5 years



Comp #: 4301 Cart Fleet - Replace Quantity: (49) total carts

Useful Life:3 years



Location:Funded?: Yes.History:Evaluation: Planning to replace all sets of rental clubs on roughly the schedule below.


Location: Main GarageFunded?: Yes.History: 2018Evaluation: The cart fleet is reportedly replaced about every 3 years.



Comp #: 205 Concrete Driveway/Lot - Repair Quantity: Approx 74000 GSF




Comp #: 209 Concrete Floors (garage) - Recoat Quantity: Approx 6300 GSF

Useful Life:8 years



Maintenance Yard

Location:Funded?: Yes.History:Evaluation: This is a long-life component with no expectation for complete replacement. Funding for periodic partialrepair/replacement projects. The frequency and scale of future projects may increase as the concrete ages.


Location:Funded?: Yes.History:Evaluation: The concrete garage floors are showing heavy staining and peeling. It was reported that these floors will be recoatedin the near future.



Comp #: 303 Evaporative Cooler (Maint Bldg) - A Quantity: (1) Phoenix 8800 CFM




Comp #: 303 Evaporative Cooler (Maint Bldg) - B Quantity: (1) Cooler




Location:Funded?: Yes.History:Evaluation: This system is newer and in good condition. No reported problems. Serial # 2588039.


Location: RoofFunded?: Yes.History:Evaluation: There is an older cooler on the Maintenance Building roof. Anticipate the need to replace in the near future based onage.



Comp #: 303 Evaporative Cooler (Storage) - Repl Quantity: (1) SoutherAir System




Comp #: 303 Rooftop Package Systems - Replace Quantity: (2) BDP Systems




Location:Funded?: Yes.History:Evaluation: The system is older but reported to be functional. No signs of damage or corrosion.


Location:Funded?: Yes.History:Evaluation: (1) 5-Ton & (1) 6-Ton. Both systems have reached extended useful lives. Anticipate the need to replace in the nearfuture based on age.



Comp #: 305 Security Camera System - Replace Quantity: (1) System

Useful Life:8 years



Comp #: 306 Exhaust Fans - Replace Quantity: (2) Fan Systems




Location:Funded?: Yes.History:Evaluation: Systems should be monitored closely to ensure proper function. Whenever possible, camera locations should beprotected and isolated to prevent tampering and/or theft. Typical modernization projects may include addition and/or replacementof cameras, recording equipment, monitors, software, etc...We will plan for periodic system upgrades.


Location:Funded?: Yes.History:Evaluation: Fans should be inspected and serviced regularly by HVAC vendor or maintenance staff to ensure proper function andto help attain full life expectancy. Motor repair/replacement is typically completed as an Operating expense. At longer intervals, werecommend complete replacement of all fans together to obtain better pricing through economies of scale. Pricing shown is basedon replacement with same type/capacity as those currently in place.



Comp #: 329 Fire Alarm System - Replace Quantity: (1) System




Comp #: 331 Water Heater - Replace A Quantity: (1) Bradford White 65 Ga




Location:Funded?: Yes.History:Evaluation: This component consists of (164) Sprinklers; (1) Smoke Detectors; (14) Extinguishers; (1) Pull Stations; (2) Bells. Ourinspection is for planning and budgeting purposes only; fire alarm equipment is assumed to have been designed and installedproperly and is assumed to comply with all relevant building codes. Regular testing and inspections should be conducted as anOperating expense. In many cases, manufacturers discontinue support of equipment after a certain number of years, which maylimit availability of replacement parts as the system ages. Cost estimates assume that existing wiring can be re-used and that onlypanel and devices will be replaced. If wiring requires replacement, estimates should be increased accordingly, but in ourexperience wiring should have an indefinite useful life. Cost estimates are based on quantity and type of existing equipment, notincluding any expansion or upgrades, which may be required. We recommend reviewing system components with fire alarmvendor on a regular basis. If expansion of system is found to be required, the Reserve Study should be updated and anyadditional costs should be factored accordingly.


Location:Funded?: Yes.History:Evaluation: The water heater is older but functional. No signs of corrosion. Anticipate the need to replace in the near future basedon age. Serial # ZC2873846. Electric.



Comp #: 331 Water Heater - Replace B Quantity: (1) AO Smith Heater




Comp #: 502 Chain Link Fence - Replace Quantity: Approx 170 LF




Location:Funded?: Yes.History:Evaluation: The water-heater is older but functional. No reported problems. No signs of corrosion. This heater service the officerestroom.


Location:Funded?: Yes.History:Evaluation: The chain link fencing is original but intact. Low maintenance, low aesthetic value item. Useful life has been extended.



Comp #: 601 Carpet - Replace Quantity: Approx 111 GSY




Comp #: 606 Vinyl Flooring - Replace Quantity: Approx 2820 GSF




Location:Funded?: Yes.History:Evaluation: The carpeting is faded and aged in appearance. Poor condition.


Location:Funded?: Yes.History:Evaluation: The vinyl floors are in fair to poor condition. The locker rooms are in bad shape.



Comp #: 705 Gate Operator - Replace Quantity: (1) Liftmaster slider




Comp #: 717 Exterior Doors & Windows - Replace Quantity: Assorted Fixtures




Location:Funded?: Yes.History:Evaluation: We recommend regular inspections (including service and repair as needed) be paid through the Operating budget.Even with ongoing maintenance, plan for replacement at typical life expectancy indicated below. Useful life can vary greatlydepending on level of use, exposure to the elements, etc. Monitor actual expenses closely for future Reserve Study updates.Unless otherwise noted, funding to replace with similar units.


Location:Funded?: Yes.History:Evaluation: This component consists of (7) 13 Ft. Roll Doors; (8) Metal Doors; (3) Glass/Metal Doors. Noted to be original fixtureswith normal fading, grime and denting visible on the Roll Doors. Windows consist of (7) 5 X 4; (1) 6 X 4. Windows should beperiodically recaulked in order to prevent water intrusion. This should be done either as an operational expense, or in conjunctionwith the building exterior seal/paint project. Funding has been provided for a complete replacement of the windows.



Comp #: 720 Metal Gates/Pole Lights - Replace Quantity: Assorted Fixtures




Comp #: 850 Air Compressor - Replace Quantity: (1) Challenge Air 7.5 HP




Location:Funded?: Yes.History:Evaluation: This component consists of (2) 20 Ft. Gates; (4) Trash Gates; (2) 12 Ft. Gates; (1) 28' Gate; (2) Pole Lights. Stableconditions overall with normal elements of grime and weathering from exterior exposure. Plan for full service life.


Location:Funded?: Yes.History:Evaluation: The air compressor is original and has reached an extended useful life. Anticipate the need to replace in the nearfuture based on age.



Comp #: 902 Furniture - Partial Replace (Int) Quantity: Assorted Pieces

Useful Life:2 years



Comp #: 903 Appliances - Replace Quantity: Assorted Fixtures




Location:Funded?: Yes.History:Evaluation: This component consists of (7) Filing Cabinets; (9) Office Chairs; (6) Office Desks; (34) Cafeteria Chairs; (8) CafeteriaTables. Generally aged pieces throughout the building. Plan for periodic replacements for function and aesthetics.


Location:Funded?: Yes.History:Evaluation: This component consists of (1) Ice Machine; (1) Beverage Refrigerator; (2) Refrigerators; (5) Microwaves. Agedpieces notable but no major function issues reported. Plan to replace in the near future.



Comp #: 904 Kitchen/Office Millwork - Remodel Quantity: Approx 95 LF




Comp #: 907 Acoustic Ceiling Tiles - Replace Quantity: Approx 2500 GSF




Location:Funded?: Yes.History:Evaluation: The Employee Kitchen consists of 19 LF of upper cabinets, 14 LF of laminate countertops & 14 LF of base cabinets.The office consists of 32 LF of built-in countertops & (8) built-in cabinets. The cabinetry is aged and in fair condition.


Location:Funded?: Yes.History:Evaluation: Sections are showing heavy staining and wear. The ceiling tiles are intact. Replace individual tiles as needed as anOperating expense. Funding for eventual complete replacement.



Comp #: 908 Window Treatments - Replace Quantity: (8) Treatments




Comp #: 909 Restrooms/Locker Rooms - Refurbish Quantity: (3) Assorted Rooms




Location:Funded?: Yes.History:Evaluation: The window treatments are intact and functional. No need to replace at this time.


Location:Funded?: Yes.History:Evaluation: (2) locker room/restroom comboes & (1) sm restroom. This component consists of (5) Toilets; (3) Urinals; Approx 42LF Partitions; (4) Mirrors; (10) Toilet Paper/Seat Cover Dispensers; (4) Paper Towel Dispensers; (4) Shower Sets w/250 GSF ofTile Walls; (5) Soap Dispensers; Approx 23 LF Handicap Rails; (1) Emergency Wash Station; (128) Regular Lockers; (18) FootLockers; (3) 8 LF laminate countertops. Poor conditions notable with major grime, wear and generally unattractive conditions. Thisproject should be anticipated in the near future. Refer to #606 for Vinyl Floors



Comp #: 1110 Interior Surfaces - Repaint Quantity: Approx 16770 GSF


Location:Funded?: Yes.History:Evaluation: Regular cycles of professional painting are recommended to maintain appearance. Small touch-up projects can beconducted as needed as a maintenance expense, but comprehensive painting of interior areas will restore a consistent look andquality to all areas. Best practice is to coordinate at same time as other interior projects (flooring, furnishings, lighting, etc.)whenever possible to minimize downtime and maintain consistent quality standard.



Comp #: 1114 Perimeter Block Walls - Repaint Quantity: Approx 28200 GSF





Location:Funded?: Yes.History:Evaluation: Signs of moderate staining and grime. Cycling this project with the repainting of the building exteriors (#1115) tomaintain a uniform appearance and to lower the overall cost of repainting.



Comp #: 1115 Building Exteriors - Repaint Quantity: Approx 11100 GSF




Comp #: 1301 Flat Roof - Replace Quantity: Approx 9700 GSF




Location:Funded?: Yes.History:Evaluation: Signs of staining and surface wear. Funding to repaint all building exteriors at the same time to maintain a uniformappearance and to lower the overall cost of repainting. Project should be cycled with the repainting of the perimeter block walls(#1114).


Location:Funded?: Yes.History:Evaluation: Our inspection is limited to a visual evaluation of accessible areas and is not a substitute for a comprehensiveinspection including destructive testing, sub-surface moisture evaluation, core sampling, etc. The typical useful life of a flat (AKAlow-slope") roof will vary depending on the quality of the roof system installed



Comp #: 1309 Metal Roof (carport) - Replace Quantity: Approx 1920 GSF




Comp #: 1311 Skylights - Replace Quantity: (18) 2'x8' Skylights




Location:Funded?: Yes.History:Evaluation: The metal carport roof appears to be intact and aging normally. No signs of damage or corrosion.


Location:Funded?: Yes.History:Evaluation: The skylights are intact and aging normally. No signs of cracking. No reports of water intrusion.



Comp #: 1330 Roof Access Hatch - Replace Quantity: (1) Metal Hatch




Comp #: 1818 Fuel Tank System - Replace Quantity: (1) 2000 Gallon System




Location:Funded?: Yes.History:Evaluation: The roof access hatch is intact and functional. No signs of damage. Funding for eventual replacement to maintainsafety.


Location:Funded?: Yes.History:Evaluation: Tank should be inspected frequently for leaks or other problems and repaired immediately for safety reasons. At longintervals, complete replacement of tank(s) and related controls and pump equipment should be expected. Costs shown hereanticipate replacement with similar size. System includes (2) gas pumps.



Comp #: 1900 Vehicle Lifts - Replace Quantity: (2) Lifts




Location:Funded?: Yes.History:Evaluation: (1) Western 7000 lbs vehicle lift & (1) golf cart lift. The vehicle lifts were not tested during inspection but reported to befunctional.



Comp #: 3101 Aerator - Replace A Quantity: (1) Redexim Verti-Drain




Comp #: 3101 Aerators - Replace B Quantity: (2) Toros Procore 648





Location:Funded?: Yes.History:Evaluation: The inventory of golf course and maintenance equipment was provided to us by the client. Useful lives and costs areall estimated by the client.





Comp #: 3101 Aerators - Replace C Quantity: (2) AerWays and (1) Toro




Comp #: 3101 Water Injector- Replace Quantity: (1) Toro HydroJect 3010









Comp #: 3102 Backhoe Loader - Replace Quantity: (1) John Deere 310K EP




Comp #: 3104 Blowers - Replace Quantity: (3) Toro Pro Force

Useful Life:5 years








Comp #: 3108 Compressor - Replace Quantity: (1) Medium Unit




Comp #: 3109 Accu-Pro Reel Grinder - Replace Quantity: (1) 632 ACCU-Pro









Comp #: 3109 Anglemaster Bedknife Grinder Quantity: (1) Grinder




Comp #: 3109 Express Dual Reel Grinder Quantity: (1) Grinder









Comp #: 3119 Gator Vehicles - Replace Quantity: (8) Gators

Useful Life:8 years



Comp #: 3119 John Deere ProGators - Replace Quantity: (3) Utility Carts









Comp #: 3121 GMC Sierra Truck - Replace Quantity: (1) Truck




Comp #: 3122 Ford Dump Truck - Replace Quantity: (1) Dump Truck









Comp #: 3123 Carryall Utility Carts - Replace Quantity: (5) Carryalls




Comp #: 3123 EZ-Go Utility Carts - Replace Quantity: (2) EZGO carts









Comp #: 3124 Workman Utility Vehicles (2012) Quantity: (7) Vehicles

















Comp #: 3124 Workman Utility Vehicles (2015) Quantity: (1) Vehicle













Comp #: 3125 T-Mag Trucks - Replace Quantity: (3) Trucks

Useful Life:7 years








Comp #: 3127 Turf Sprayers - Replace (2016) Quantity: (2) Toro Multi Pros




Comp #: 3128 Top Dresser - Replace (2014) Quantity: (1) Toro ProPass 200

Useful Life:6 years








Comp #: 3128 Top Dresser - Replace (2016) Quantity: (1) Toro MH-400

Useful Life:6 years



Comp #: 3129 Sand Rakers - Replace (2011) Quantity: (2) Toro Sand Pros 3040

Useful Life:8 years








Comp #: 3129 Sand Rakers - Replace (2015) Quantity: (3) Toro Sand Pros 3040

Useful Life:8 years



Comp #: 3130 Greensmasters 3150D Quantity: (2) Mowers

Useful Life:8 years








Comp #: 3130 Greensmasters 3250D Quantity: (2) Mowers

Useful Life:8 years



Comp #: 3130 Greensmasters 3300 TriFlex (2012) Quantity: (4) Mowers

Useful Life:8 years









Useful Life:8 years




Useful Life:8 years








Comp #: 3130 Greensmasters Flex 21 Quantity: (2) Mowers

Useful Life:8 years



Comp #: 3130 Greensmasters Flex 2100 Quantity: (2) Mowers

Useful Life:8 years








Comp #: 3130 Groundsmasters 4700-D (A) Quantity: (4) Mowers

Useful Life:8 years



Comp #: 3130 Groundsmasters 4700-D (B) Quantity: (4) Mowers

Useful Life:8 years








Comp #: 3130 Reelmasters 3100-D (2011) Quantity: (2) Mowers

Useful Life:8 years



Comp #: 3130 Reelmasters 3100-D (2013) Quantity: (1) Mower

Useful Life:8 years









Useful Life:8 years




Comp #: 3130 Reelmasters 4000-D Quantity: (1) Mower

Useful Life:8 years







Comp #: 3130 Reelmasters 5010-H Quantity: (4) Mowers

Useful Life:8 years



Comp #: 3130 Reelmasters 7000-D (2013) Quantity: (1) Mower

Useful Life:8 years









Useful Life:8 years



Comp #: 3131 Spreaders - Replace Quantity: (3) Lely









Comp #: 3132 Speed Roller - Replace Quantity: (1) Speed Roller




Comp #: 3133 Seeder - Replace Quantity: (1) Land Pride Seeder






Location:Funded?: Yes.History:Evaluation:



Comp #: 3135 Sweeper (Tennant) - Replace (2016) Quantity: (1) Tennant 810 Sweeper

Useful Life:8 years



Comp #: 3135 Sweeper (Toro) - Replace (2013) Quantity: (1) Rac 0 Vac Sweeper

Useful Life:8 years








Comp #: 3135 Sweeper (Toro) - Replace (2017) Quantity: (1) Rac 0 Vac Sweeper

Useful Life:8 years



Comp #: 3137 Tire Changer - Replace Quantity: (1) unit









Comp #: 3140 Tractor - Replace (2006) Quantity: (1) Kubota M4900













Comp #: 3140 Tractor - Replace (2012) Quantity: (1) John Deere Utility













Comp #: 3140 Tractor - Replace (2018) Quantity: (1) John Deere Utility




Comp #: 3140 Tractors - Replace (2010) Quantity: (2) Kubota Tractors









Comp #: 3142 Forklift - Replace (2018) Quantity: (1) Forklift




Comp #: 3145 Gearemore Trailer - Replace (2010) Quantity: (1) Trailer









Comp #: 3145 Gearmore Trailers - Replace (2012) Quantity: (2) Gearmor dump trailers




Comp #: 3145 Trailer - Replace (2009) Quantity: (1) Trailer









Comp #: 3145 Trailer - Replace (2013) Quantity: (1) Trailer




Comp #: 3172 Flail - Replace Quantity: (1) pull-behind flail









Comp #: 825 Weather Station - Replace Quantity: (1) RainBird Station




Comp #: 912 Irrigation Computer - Replace Quantity: (1) RainBird System

Useful Life:5 years

Remaining Life:

Best Case: $ 525 Worst Case: $ 575

Irrigation

Location:Funded?: Yes.History:Evaluation: No signs of damage or abuse. No reported problems. This component includes the 900 MHZ radio communication forthe station.


Location:Funded?: Yes.History: 2016Evaluation: Installed in 2016. No reported problems.



Comp #: 1003 Irrigation Controllers - Replace Quantity: (102) Assorted Controller




Comp #: 1004 Irrigation Interface Modules - Repl Quantity: (2) RainBird MIM Systems




Location:Funded?: Yes.History:Evaluation: (46) RainBird PAR+ES & (56) RainBird MSC controllers. The irrigation controllers were replaced in 2012. System isfunctional. No reported major problems.


Location:Funded?: Yes.History:Evaluation: These MIM serve as the interface between the control computer & the irrigation controllers. No reported problems.



Comp #: 1006 Irrigation Pumps/Cont (Golf)- Repla Quantity: (5) Assorted Pumps




Comp #: 1006 Irrigation Pumps/Cont (MY)- Repla Quantity: (8) Assorted Pumps




Location:Funded?: Yes.History:Evaluation: The irrigation pump system consists of (1) 250 HP pump, (4) 75 HP pumps, (1) Flowtronix control panel, (1) filtrationtube & pipe/valve fittings. No reported problems. No signs of active leakage. Signs of corrosion on the pipe fittings. Repair andrebuild the pump motors as needed as an Operating expense. Remaining useful life has been set at (0) due to age.


Location:Funded?: Yes.History:Evaluation: The irrigation pump system consists of (8) 75 HP pumps, (2) Flowtronix control panel, (4) V-1500 VAF filtration tanks &pipe/valve fittings. No reported problems. No signs of active leakage. Signs of corrosion on the pipe fittings. Repair and rebuildthe pump motors as needed as an Operating expense.



Comp #: 1007 Irrigation Systems - Repair Quantity: Extensive Systems

Useful Life:4 years



Comp #: 1007 Irrigation Systems - Replace Quantity: Extensive Systems



Best Case: $ 1,400,000 Worst Case: $ 1,800,000

Location:Funded?: Yes.History:Evaluation: This component provides funding for on-going larger-scale repairs. Annual minor repairs and maintenance should behandled as an Operating expense.


Location:Funded?: Yes.History:Evaluation: This component provides funding for the replacement of both golf course irrigation systems, including main-lines, wire,laterals, valves and heads. Refer to #1003 for the controllers & #1006 for the pumps.



Comp #: 1075 Reservoir - Reline Quantity: Approx 42,000 GSF




Comp #: 1080 Well (#1) - Refurbish Quantity: (1) Well




Location:Funded?: Yes.History:Evaluation: The reservoir was relined in 2013. No reported problems with the new lining. Funding for on-going projects to maintainsurface integrity.


Location:Funded?: Yes.History:Evaluation: The wells were not shown to us during our site inspection tour. Their existence and their project history werediscovered on the project history ledger.



Comp #: 1080 Well (#2) - Refurbish Quantity: (1) Well




Location:Funded?: Yes.History:Evaluation: The wells were not shown to us during our site inspection tour. Their existence and their project history werediscovered on the project history ledger.



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