reserve study transmittal letter€¦ · reserve study transmittal letter date: october 14, 2016...

Reserve Study Transmittal Letter

Date: October 14, 2016To: Caughlin Ranch HOAFrom: Browning Reserve Group (BRG)

Re: Caughlin Ranch HOA; Update w/o Site Visit Review

Attached, please find the reserve study for Caughlin Ranch HOA. To assist in your understanding of the study, and to highlight key information you may need quickly, we have listed below some of the important information contained in the study. At BRG our goal is to bring clarity from complexity, so should you have any questions, please do not hesitate to contact us anytime.

1. Where do I find the recommended reserve contribution for next year's budget?

This is found in Section III, “30 Year Reserve Funding Plan, Cash Flow Method.” $154,650 is the annual amount. Directly under the annual amount is the amount per ownership interest, per month, or other period, as applicable. $5.86 /Unit/month @ 2201. For any other funding related issues, if any, see Section III, “30 Year Reserve Funding Plan, Cash Flow Method.”

2. Where do I find the status of the reserve fund, based on the Percent Funded calculation?

This is found for the 30-year term of the study in Section IV, “30 Year Reserve Funding Plan, Including Fully Funded Balance and % Funded.” For the year for which the study was prepared, 2017, the Association is 57.9% funded.

Based on the 30 year cash flow projection, the Association's reserves appear adequately funded as the reserve fund ending balances remain positive throughout the replacement of all major components during the next 30 years.

Nevada statute imposes no reserve funding level requirements nor does it address funding level adequacy, and although one or more of the reserve fund percentages expressed in this report may be less than one hundred percent, those percentages do not necessarily indicate that the Association's reserves are inadequately funded.

3. Where do I find the assumptions for interest and inflation factors?

While this information is in various places in the study, it can always be found in Section III, “30 Year Reserve Funding Plan, Cash Flow Method.” For this study the assumption is 1.25% for the interest rate and 1.25% for the inflation factor. Please be advised these rates estimate the values that will stand the test of time over the 30-year term of the study, not simply only next year.

P. O. Box 60125 / Sacramento, California 95860Phone (916) 393-0600 Fax (916) 393-0610 Toll Free (877) 708-0600

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October 14, 2016 - Reserve Study

Caughlin Ranch HOA - 2612

4. What pages from the reserve study get mailed to the members (homeowners)?

Please see the last section of the reserve study, "Member Distribution Materials." These are the last two pages (or more) of the study which can be removed, and copied, for distribution to the membership with the budget packet. This packet includes all state mandated disclosures related to the reserves and the reserve study. This section of the study is a stand-alone packet with it's own cover and table of contents.

5. What are the next steps?

This study meets the NV NRS and NAC Requirements for a review of the study each year. The next site visit study will be due five years from the date of the last site visit study. BRG proposes doing an Update Without Site Visit Study during the intervening four years at a nominal cost which includes the preparation of a reserve study and assistance in reviewing the study per NRS 116.31152 1(b).

Please read the two helpful sections entitled “Glossary” and “Notes to the Auditor.” The glossary explains common reserve study terms as well as BRG specific terminology. The Notes to the Auditor while intended to assist the auditor, has useful information for the casual reader on how year zero,

(2016) the current fiscal year is dealt with in the study.

Thank you for the opportunity to work with the Caughlin Ranch HOA on this study.

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Caughlin Ranch HOA

Published - October 14, 2016

Prepared for the 2017 Fiscal Year


[email protected] / www.BrowningRG.com

Browning Reserve Group

Update w/o Site Visit Review

2016 Final

RESERVE STUDY

© Browning Reserve Group 2016

Clarity from Complexity

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Table of Contents

Section Report Page

Section I: Summary of Association Reserves 1

Section II: 30 Year Expense Forecast 5Detailed

Section III: 30 Year Reserve Funding Plan 21Cash Flow Method {c}

Section III-a: 30 Year Reserve Funding Plan 22Cash Flow Method - Ending Balances Chart

Section IV: 30 Year Reserve Funding Plan 23Fully Funded Balance and % Funded

Section IV-a: 30 Year Reserve Funding Plan 24Cash Flow Method - Percent Funded Chart

Section V: Reserve Fund Balance Forecast 25Component Method

Section VI: Component Listing 36Included Components

Section VII: Tabular Component Listing 73Included Components

Section VII-a: Expenditures by Year 79- Next 5 Years

Section X: Auditor Notes 85

Section X-a: Supplementary Information for

Auditor87Component Method

Section XI: Glossary 93Reserve Study Terms

Addendum:

Member Distribution Materials See Page ii for Details

TOC - i

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Caughlin Ranch HOA2016 Final

Member Distribution Materials

The following Reserve Study sections, located at the end of the report, should be provided to each member.

Section Report

Nevada: Member Summary

TOC - ii

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Caughlin Ranch HOA




2016 Final

Section I

Reserve Study Summary

A Reserve Study was conducted of Caughlin Ranch HOA (the "Association"). An Update Without Site-Visit Review is an update with no on-site visual observation upon where the following tasks are performed:

⦁ life and valuation estimates;

⦁ fund status;

⦁ and a funding plan.

Caughlin Ranch HOA is a Planned Community with a total of 2,201 Units.

Summary of Reserves

For the first year of the Reserve Study, the reserve contribution is based upon the existing budget unless otherwise noted in “Section III, Reserve Funding Plan.” In addition BRG relied on the Association to provide an accurate Beginning Reserve Balance.

The status of the Association's reserves, as reflected in the following Reserve Study, is as follows:

1. The Expenditure Forecast of the following Reserve Study identifies the major components which the Association is obligated to repair, replace, restore or maintain, as determined in accordance with the criteria specified above, and specifies for each such component:

a. Its current estimated replacement cost;

b. Its estimated useful life; and

c. Its estimated remaining useful life.

2. It is estimated that the total cash reserves necessary to repair, replace, restore or maintain such major components (in the aggregate) during and at the end of their first remaining useful life is $1,161,285.

⦁ [For purposes of this calculation, “necessary” is defined as the Fully

Funded Balance (FFB) (Component Current Cost X Effective Age / Useful Life, including a provision for interest and inflation in future years.)]

3. The current amount of accumulated cash reserves actually set aside to repair, replace, restore, or maintain such major components as of the fiscal year ending December 31, 2017 is estimated to be $672,930, constituting 57.9% of the total expenditures anticipated for all such major components through their first end of useful life replacement.


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Caughlin Ranch HOA2

4. Based upon the schedule of annual reserve contributions necessary to defray the cost of repairing, replacing, restoring or maintaining such major components in the years such expenditures are estimated to be required, it is

estimated that annual reserve contributions in the initial amount of $154,650 [$5.86 per Unit per month (average)] for the fiscal year ending December 31, 2017 (the first full fiscal year following first distribution of this report) will be necessary in order to meet all such reserve expenditures when they are projected to come due.

Funding Assessment



Percent Funded Status

Based on paragraphs 1 - 3 above, the Association is 57.9% funded. The following scale can be used as a measure to determine the Association’s financial picture whereas the lower the percentage, the higher the likelihood of the Association requiring a special assessment, or other large increases to the reserve contribution in the future.

Percent Funded

30% 100%----------- Strong -------------------------------- Fair ------------------------------------ Poor --------------- 70%

Methodology

The above recommended reserve contribution for the next fiscal year (and future fiscal years as outlined in Section III, Reserve Fund Balance Forecast) was developed using the cash flow method. This is a method of developing a reserve funding plan where the contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different reserve funding plans are tested against the anticipated schedule of reserve expenses until the desired funding goal is achieved.

Funding Goals

The funding goal employed for Caughlin Ranch HOA is

Threshold Funding: Establishing a Reserve funding goal of keeping the Reserve balance above a specified dollar or Percent Funded amount. Depending on the threshold, this may be more or less conservative than “Fully Funding.”


Caughlin Ranch HOA3

Limitations

The intention of the Reserve Study is to forecast the Association's ability to repair or replace major components as they wear out in future years. The Reserve Study is not an engineering report, and no destructive testing was performed. The costs outlined in the study are for budgetary and planning purposes only, and actual bid costs would depend upon the defined scope of work at the time repairs are made. Also, any latent defects are excluded from this report.

Statutory Disclosures

Compliance

The Reserve Study was conducted pursuant to NRS 116.31151, NRS 116.31152, and NAC 116.415-430.

This reserve study was produced under the responsible charge of Robert Browning who holds Professional Community Association Manager (PCAM) and Reserve Specialist (RS) designations from CAI. Pursuant to Nevada regulation R145-06, Mr. Browning is a Nevada Reserve Study Specialist (RSS #5).

Life Expectancy

The projected life expectancy of the major components and the funding needs of the reserves of the Association are based upon the Association performing appropriate routine and preventative maintenance for each major component. Failure to perform such maintenance can negatively impact the remaining useful life of the major components and dramatically increase the funding needs of the reserves of the Association.

Supplemental Disclosures

General:

BRG has no other involvement(s) with the Association which could result in actual or perceived conflicts of interest.

Personnel Credentials:

BRG is a licensed general building contractor in California, #768851, and the owner, Robert W Browning, holds the Reserve Specialist designation, #46 from the Community Associations Institute.

Completeness:

BRG has found no material issues which, if not disclosed, would cause a distortion of the Association's situation.

Reliance on Client Data:

Information provided by the official representative of the Association regarding financial, physical, quantity, or historical issues will be deemed reliable by BRG.


Caughlin Ranch HOA4

Scope:

This Reserve Study is a reflection of information provided to BRG and assembled for the Association's use, not for the purpose of performing an audit, quality/forensic analysis, health and safety inspection, or background checks of historical records.

Reserve Balance:

The actual beginning reserve fund balance in this Reserve Study is based upon information provided and was not audited.

Reserve Projects:

Information provided about reserve projects will be considered reliable. Any on-site inspection should not be considered a project audit, quality inspection, or health and safety review.

Component Quantities:

The Association warrants the previously developed component quantities are accurate and reliable.


Caughlin Ranch HOA

Section II

30 Year Expense Forecast - Detailed2016 Final


Reserve Component 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030Remaining

Life

Useful /

Cost

Replacement

Current

Paving01000 -

130 - Asphalt: State Spec. Slurry 170,542 Sq. Ft. Type II in 2016[nr:1]

66,511 6 0 66,511


48,148 6 1 48,750

138 - Asphalt: State Spec. Slurry 143,980 Sq. Ft. Type II in 2018 and 2024[nr:2]

56,152 6 2 57,565 62,019


51,610 6 6 55,604


44,026 6 7 48,025


19,059 6 9 21,313

174 - Asphalt: State Spec. Slurry 181,202 Sq. Ft. Type II in 2031 and Ongoing

70,669 6 15


44,026 6 16


56,152 6 17

199 - Asphalt: Ongoing Repairs 7,981 Sq. Ft. Full Depth HMA Patch 2018[nr:1]

31,525 1 0 31,525

200 - Asphalt: Ongoing Repairs 123,456 Sq. Ft. Full Depth HMA Patch 2017 (3%)[nr:1]

18,518 6 1 18,750


21,597 6 2 22,140


26,467 6 6 28,515


22,577 6 7 24,628


28,796 6 8 31,805

230 - Asphalt: Ongoing Repairs 181,202 Sq. Ft. Full Depth HMA Patch 2037 (3%)

22,650 6 21


14,111 6 22

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Useful /

Cost

Replacement

Current

Caughlin Ranch HOA

30 Year Expense Forecast - Detailed

2016 Final



17,998 6 23

340 - Asphalt: Overlay 48,868 Sq. Ft. 1.5" HMA OL- 2022

85,519 25 6 92,137


231,585 25 12 268,813


197,551 25 13 232,174


251,965 25 14 299,827

406 - Asphalt: Crackfill 5,040 Sq. Ft. 2016 Only[nr:1]

5,385 1 0 5,385

410 - Asphalt: Crackfill Ongoing Per Year Until 2028[nr:12]

5,000 1 1 5,063 5,126 5,190 5,255 5,320 5,387 5,454 5,522 5,591 5,661 5,732 5,804

414 - Asphalt: Crackfill Ongoing Per Year Starting in 2034

5,000 1 18

760 - Bollards 4 Village Green Parking Lot

2,236 30 0 2,236

980 - Consulting/Engineering Ongoing

5,000 1 1 5,063 5,126 5,190 5,255 5,320 5,387 5,454 5,522 5,591 5,661 5,732 5,804 5,876 5,950

981 - Consulting/Engineering 2016 Only[nr:1]

14,900 1 0 14,900

120,557 77,625 89,957 10,380 10,509 10,641 187,029 83,562 104,869 32,496 11,323 11,464 280,420 238,050 305,777Total 01000 - Paving 1,464,731

Concrete02000 -

220 - Miscellaneous 21,131 Sq. Ft. Various Areas (1%)

3,423 8 1 3,466 3,828

221 - Miscellaneous Various Areas (2016 Only)[nr:1]

1,596 1 0 1,596

1,596 3,466 3,828Total 02000 - Concrete 5,019

Painting: Exterior03000 -

120 - Surface Restoration 1,536 Sq. Ft. Maintenance Building

570 5 4 599 637 678

450 - Wood Fencing 500 Sq. Ft. Maintenance Yard Perimeter

304 5 1 308 327 348

308 599 327 637 348 678Total 03000 - Painting: Exterior 874

Structural Repairs04000 -

200 - Wood: Siding & Trim 1,536 Sq. Ft. Maintenance Building

12,442 40 25

800 - Wood: Gazebo Repairs Village Green Park BBQ Area- Maintain

1,013 10 8 1,118

910 - Building Maintenance Village Green- Log Play Cabin

3,038 30 19

912 - Doors 2 Maintenance Building Roll Up Doors

2,430 18 15

914 - Doors 3 Village Green Park- Restroom Bldg

3,645 25 9 4,076

1,118 4,076Total 04000 - Structural Repairs 22,567

Roofing05000 -

440 - Pitched: Dimensional Composition 14 Squares- Maintenance Bldg- Comp & Metal Roofing

7,088 25 21


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Useful /

Cost

Replacement

Current

Caughlin Ranch HOA


2016 Final


440 - Pitched: Dimensional Composition 4 Squares- Maintenance Carport Structure

2,025 25 7 2,209

440 - Pitched: Dimensional Composition 8 Squares- Village Green Park- Shade Structure

3,240 30 9 3,623

444 - Pitched: Dimensional Composition 6 Squares- Village Green- Restroom Bldg

2,430 25 23

2,209 3,623Total 05000 - Roofing 14,783

Rehab08000 -

226 - Restrooms 2 Village Green Restroom Bldg (50%)

5,063 10 4 5,320 6,024

227 - Restrooms Key Pad (2016 Only)[nr:1]

1,186 1 0 1,186

1,186 5,320 6,024Total 08000 - Rehab 6,249

Recreation14000 -

900 - Miscellaneous 4 Village Green- Horseshoe Pits

1,013 10 6 1,091

1,091Total 14000 - Recreation 1,013

Tennis Court17000 -

100 - Reseal 14,400 Sq. Ft. Village Green Park

12,393 7 5 13,187 14,385

500 - Resurface 14,400 Sq. Ft. Village Green Park

36,450 21 19

13,187 14,385Total 17000 - Tennis Court 48,843

Landscaping18000 -

100 - Irrigation: Misc. Grounds

2,025 2 1 2,050 2,102 2,155 2,209 2,265 2,322 2,380

104 - Irrigation: Controllers Community (10%)

2,157 1 1 2,184 2,211 2,239 2,266 2,295 2,324 2,353 2,382 2,412 2,442 2,472 2,503 2,535 2,566

4,234 2,211 4,340 2,266 4,450 2,324 4,562 2,382 4,676 2,442 4,794 2,503 4,915 2,566Total 18000 - Landscaping 4,182

Lakes / Ponds18500 -

920 - Miscellaneous Pond Maintenance

5,569 1 1 5,638 5,709 5,780 5,852 5,926 6,000 6,075 6,151 6,227 6,305 6,384 6,464 6,545 6,627

930 - Miscellaneous 7 Irrigation Pump Stations A,N,B,P,E,G,I (50%)

12,758 5 4 13,407 14,267 15,181

931 - Miscellaneous Stations A (2016 Only)[nr:1]

5,475 1 0 5,475

934 - Miscellaneous 4 Irrigation Pump Stations-C,O,H,K (50%)

9,518 5 4 10,002 10,643 11,325

935 - Miscellaneous Station C (2016 Only)[nr:1]

3,097 1 0 3,097

939 - Miscellaneous All Pumps: Short Term Work to 2019[nr:4]

6,000 1 0 6,075 6,151 6,2286,000

14,572 11,713 11,860 12,008 29,262 5,926 6,000 6,075 6,151 31,137 6,305 6,384 6,464 6,545 33,133Total 18500 - Lakes / Ponds 42,416

Fencing19000 -


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Useful /

Cost

Replacement

Current

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2016 Final


100 - Chain Link: 4' 168 Lin. Ft. Village Green Park Tennis Courts

1,871 30 24


9,477 30 24

990 - Masonry Wall: On-going Maint. 857 Lin. Ft. Along S McCarran Blvd (25%)

2,169 10 4 2,280 2,581

2,280 2,581Total 19000 - Fencing 13,517

Lighting20000 -

280 - Pole Lights Village Green Park (20%)

203 1 1 205 208 210 213 215 218 221 224 226 229 232 235 238 241

205 208 210 213 215 218 221 224 226 229 232 235 238 241Total 20000 - Lighting 203

Signage21000 -

792 - Monument 2 Caughlin Pky & Mc Carren

2,025 5 2 2,076 2,209 2,351

796 - Monument Cashell Blvd & Mc Carron Pkwy

1,215 22 17

800 - Monument Cashell Blvd & Caughlin Crest Park

1,823 22 7 1,988

804 - Monument Village Green Park

3,544 22 5 3,771

808 - Monument 2 Caughlin Square & Hampton Ln

7,088 22 11 8,125

812 - Monument Village Green Pkwy & Fox Creek Trail

3,544 22 17

816 - Monument Village Green Pkwy & Sommerville Wy

3,544 22 6 3,818

820 - Monument Village Green Pkwy & Lockerbie Pl

3,544 22 9 3,963

824 - Monument Bryce Canyon & Hemlock Way

3,544 22 6 3,818

828 - Monument S Mc Carron Pkwy & W Plum Ln

506 5 3 525 559 595

840 - Monument 2 Mayberry Dr & Eastwood

7,088 22 1 7,176

844 - Monument Greensburg Cir & S Mc Carran

3,544 22 1 3,588

848 - Monument Caughlin Glen & Caughlin Crossing

3,544 22 7 3,866

852 - Monument 2 Caughlin Pkwy & Kensington Ln

7,088 22 5 7,542

856 - Monument Gaughlin Parkway

3,544 22 1 3,588

860 - Monument Plateau Rd & Water Hold Rd

3,544 22 7 3,866

864 - Monument Caughlin Pky & Sierra Crest Way

3,544 22 7 3,866

868 - Monument 2 Creekridge Trail & Caughlin Pky

7,088 22 11 8,125

872 - Monument Seasons Trail & Caughlin Pkw

3,544 22 14 4,217


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Useful /

Cost

Replacement

Current

Caughlin Ranch HOA


2016 Final


876 - Monument CRHA Monument Sign

13,000 22 1 13,163

27,515 2,076 525 11,313 7,636 15,794 559 3,963 16,251 2,351 595 4,217Total 21000 - Signage 85,900

Office Equipment22000 -

100 - Miscellaneous Digital Phone System

4,050 8 1 4,101 4,529

110 - Miscellaneous VMS Software

16,099 6 4 16,919 18,228

200 - Computers, Misc. HOA Office (50%)

7,088 6 2 7,266 7,828 8,434

200 - Computers, Misc. Server

5,063 8 1 5,126 5,661

201 - Computers, Misc. GM Computer (2016 Only)[nr:1]

1,010 1 0 1,010

204 - Computers, Misc. HOA Office- Savin C9125 Printer/Copier

9,113 6 3 9,459 10,190

1,010 9,226 7,266 9,459 16,919 7,828 20,381 18,228 8,434Total 22000 - Office Equipment 42,421

Mechanical Equipment23000 -

200 - HVAC Maintenance Building

1,013 15 7 1,104

1,104Total 23000 - Mechanical Equipment

1,013

Furnishings24000 -

620 - Modular Office Desk 4 HOA Office

7,290 15 11 8,357

900 - Miscellaneous HOA Folding Tables & Meeting Chairs

4,556 10 6 4,909

906 - Miscellaneous HOA Office

30,375 12 8 33,549

910 - Window Coverings HOA Office

13,163 15 11 15,090

4,909 33,549 23,447Total 24000 - Furnishings 55,384

Audio / Visual24500 -

300 - PA System HOA Office- Public Address System

1,013 10 6 1,091

900 - Miscellaneous HOA Office- Projector & Screen

1,013 10 7 1,104

1,091 1,104Total 24500 - Audio / Visual 2,025

Safety / Access24600 -

700 - Security System Village Green Park

15,188 6 4 15,961 17,196

15,961 17,196Total 24600 - Safety / Access 15,188

Outdoor Equipment26000 -

100 - Tot Lot: Play Equipment Village Green Park

20,250 20 9 22,645

104 - Tot Lot: Play Equipment Eastridge Park

18,225 20 17

108 - Tot Lot: Play Equipment Caughlin Crest Park

31,859 20 0 31,859


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Useful /

Cost

Replacement

Current

Caughlin Ranch HOA


2016 Final


140 - Tot Lot: Safety Surface Caughlin Crest Park

35,306 10 0 39,97635,306

200 - Pedestal Grill BBQ 3 Village Green Park

911 15 9 1,019

204 - Pedestal Grill BBQ 2 Caughlin Crest Park

608 15 12 705

218 - Barbecue Village Green Park- Masonry BBQ

506 8 1 513 566

300 - Benches Caughlin Crest Park

608 12 7 663

306 - Benches 4 Village Green Park

2,430 12 5 2,586

312 - Picnic Table: Metal 10 Village Green Park

15,188 20 9 16,984

320 - Picnic Table: Metal 3 Eastridge Park

4,253 20 14 5,060

324 - Picnic Table: Metal 3 Trails & Roadside

4,253 20 14 5,060

380 - Garbage Receptacles 6 Village Green- Coated Containers (50%)

2,126 7 4 2,235 2,438

384 - Garbage Receptacles Caughlin Crest Park

304 15 12 353

480 - Drinking Fountain Village Green Park

3,544 20 13 4,165


3,544 20 15

900 - Miscellaneous Baseball Field Arched Backstop & Benches

12,150 30 19

904 - Miscellaneous Village Green Park- Ampitheater Canvas Awning

20,301 7 5 21,602 23,564

905 - Miscellaneous Awning Lights (2016 Only)[nr:1]

3,370 1 0 3,370

70,535 513 2,235 24,187 663 41,215 39,976 2,438 24,622 4,165 10,121Total 26000 - Outdoor Equipment 179,733

Appliances27000 -

200 - Refrigerator HOA Office

1,519 15 8 1,677

248 - Ice Machine Maintenace Yard Shop

3,906 15 0 3,906

3,906 1,677Total 27000 - Appliances 5,425

Miscellaneous30000 -

710 - Maintenance Equipment AUSA Utility Vehicle

8,079 15 0 8,079

712 - Tractor Riding Tractor Mower- Scagg/Kawasaki-15HP

4,123 9 0 4,6114,123

714 - Tractor Riding Tractor Mower- Scagg/Turf Tigerlo

13,092 9 0 14,64113,092


4,123 9 0 4,6114,123


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Current

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2016 Final



4,123 9 0 4,6114,123

720 - Maintenance Equipment Seedair Air Compressor

1,215 10 1 1,230 1,393

722 - Maintenance Equipment 3 Truck Safety Cages

13,669 30 17

724 - Maintenance Equipment Snow Plow Attachment

4,556 20 1 4,613

726 - Maintenance Equipment Electric Seeder

1,013 15 0 1,013

810 - Maintenance Equipment 5 Truck Side Tool Boxes

4,785 18 7 5,220

811 - Maintenance Equipment Top Sider Tool Box (2016 Only)[nr:1]

957 1 0 957

825 - Maintenance Equipment 4 Walk-Behind Mowers- Racer

19,238 12 1 19,478 22,609

826 - Maintenance Equipment 3 Backpack Blowers- 2013 & 2014

1,823 5 2 1,868 1,988 2,115

826 - Maintenance Equipment Turfmaster Lawnmower (2016 Only)[nr:1]

1,724 1 0 1,724

828 - Maintenance Equipment 2 Backpack Blowers- 2011

1,215 5 1 1,230 1,309 1,393

830 - Maintenance Equipment 2 Hedge Trimmers

1,934 10 1 1,958 2,217

832 - Maintenance Equipment 14 Weed Eaters- String Trimmers (50%)

3,544 2 1 3,588 3,678 3,771 3,866 3,963 4,063 4,165

834 - Maintenance Equipment 2 Chainsaw- Stihl 28" Bar

1,433 7 6 1,544 1,684


1,433 7 2 1,469 1,603

838 - Maintenance Equipment 2 Grinders

1,620 10 5 1,724

840 - Maintenance Equipment Generator- Dayton

759 15 1 769

842 - Maintenance Equipment Power Washer- Honda

1,013 2 1 1,025 1,051 1,077 1,104 1,132 1,161 1,190

844 - Maintenance Equipment Tailgate Sand & Salt Spreader

4,050 20 16

846 - Maintenance Equipment Sod Cutter- Ryan

4,050 10 3 4,204 4,760

848 - Maintenance Equipment Snow Blowers- Toro

1,721 5 1 1,743 1,854 1,973


1,721 5 3 1,787 1,901 2,023

852 - Maintenance Equipment Snow Blower- Track Drive

3,746 5 3 3,888 4,138 4,403

860 - Trailer 3 Water Tank Trailers w/Pump

7,594 20 1 7,689

862 - Trailer 4 Trailers

8,100 20 14 9,639

864 - Tractor Skid Steer- Bobcat S220

42,525 15 9 47,555


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Useful /

Cost

Replacement

Current

Caughlin Ranch HOA


2016 Final


866 - Tractor Backhoe-Deere

42,525 20 14 50,603

870 - Maintenance Equipment Airless Paint Spayer- GM3000

1,215 12 6 1,309

872 - Maintenance Equipment Kawasaki Mule UTV 2510

8,100 10 7 8,836

874 - Maintenance Truck 2004 Ford F350

35,438 11 5 37,708

876 - Maintenance Truck 2003 Ford Ranger 4x4

25,313 13 2 25,949

878 - Maintenance Truck 2005 Ford Ranger

25,313 12 3 26,274


25,313 12 4 26,602

882 - Maintenance Truck 2007 Ford F-150

25,313 12 3 26,274


25,313 10 4 26,602 30,121


25,313 10 4 26,602 30,121

888 - Maintenance Truck 2012 Ford Escape

10,125 9 6 10,909

890 - Maintenance Truck 2013 Ford F150 Super Crew 4x4

31,388 12 6 33,816

892 - Maintenance Truck 2014 Ford F150 Supercrew 4x4

33,172 15 13 38,985

900 - Maintenance Truck Truck Fleet Maintenance

16,706 1 1 16,915 17,127 17,341 17,557 17,777 17,999 18,224 18,452 18,682 18,916 19,152 19,392 19,634 19,880

902 - Miscellaneous Christmas Lights, Wreaths & Batteries

5,721 8 5 6,087 6,723

990 - Maintenance Equipment Ongoing

10,000 1 0 10,125 10,252 10,380 10,509 10,641 10,774 10,909 11,045 11,183 11,323 11,464 11,608 11,753 11,90010,000

998 - Maintenance Equipment 3-Wheel Office Tricycle

1,418 8 5 1,508 1,666

47,234 70,363 56,665 94,876 107,873 80,294 79,514 50,146 35,535 112,591 30,239 42,816 33,115 119,595 152,262Total 30000 - Miscellaneous 516,658

Reserve Study31000 -

120 - 5 Year Update with Site Visit Reserve Study

3,800 5 4 3,994 4,250 4,522

3,994 4,250 4,522Total 31000 - Reserve Study 3,800

260,596 205,167 170,241 131,798 197,432 150,212 290,139 165,440 193,892 263,101 125,938 108,174 364,095 374,102 530,556Total Expenditures Inflated @ 1.25%

2,531,940Total Current Replacement Cost


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Reserve Component 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045

Caughlin Ranch HOA


2016 Final


Paving01000 -








91,733 98,83185,144


53,706 57,862 62,340


69,356 74,723 80,505








29,401 31,677


18,546 19,981


23,950 25,803





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2016 Final





414 - Asphalt: Crackfill Ongoing Per Year Starting in 2034

6,253 6,331 6,410 6,490 6,571 6,654 6,737 6,821 6,906 6,993 7,080 7,168



6,099 6,176 6,253 6,331 6,410 6,490 6,571 6,654 6,737 6,821 6,906 6,993 7,080 7,1686,024


91,168 59,806 75,531 12,506 12,662 12,820 134,115 89,551 111,979 13,474 13,642 13,812 144,493 96,480 120,645Total 01000 - Paving

Concrete02000 -


4,228 4,670


4,228 4,670Total 02000 - Concrete



722 768 817


371 394 420

371 722 394 768 420 817Total 03000 - Painting: Exterior



16,973


1,266 1,434


3,846


2,928


2,928 1,266 3,846 16,973 1,434Total 04000 - Structural Repairs

Roofing05000 -

440 - Pitched: Dimensional Composition 14 Squares- Maintenance Bldg- Comp & Metal Roofing

9,200

440 - Pitched: Dimensional Composition 4 Squares- Maintenance Carport Structure

440 - Pitched: Dimensional Composition 8 Squares- Village Green Park- Shade Structure

444 - Pitched: Dimensional Composition 6 Squares- Village Green- Restroom Bldg

3,234


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2016 Final


9,200 3,234Total 05000 - Roofing

Rehab08000 -


6,821


6,821Total 08000 - Rehab

Recreation14000 -


1,235 1,399

1,235 1,399Total 14000 - Recreation

Tennis Court17000 -


15,692 17,118


46,153

61,845 17,118Total 17000 - Tennis Court

Landscaping18000 -


2,501 2,564 2,629 2,695 2,762 2,832 2,9032,440


2,631 2,664 2,697 2,731 2,765 2,799 2,834 2,870 2,906 2,942 2,979 3,016 3,054 3,0922,598

5,038 2,631 5,165 2,697 5,295 2,765 5,428 2,834 5,565 2,906 5,705 2,979 5,848 3,054 5,995Total 18000 - Landscaping



6,793 6,878 6,964 7,051 7,139 7,229 7,319 7,410 7,503 7,597 7,692 7,788 7,885 7,9846,709


16,154 17,189 18,290



12,051 12,823 13,645



6,709 6,793 6,878 6,964 35,256 7,139 7,229 7,319 7,410 37,515 7,597 7,692 7,788 7,885 39,919Total 18500 - Lakes / Ponds

Fencing19000 -


2,521


12,769


2,923


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2016 Final


18,213Total 19000 - Fencing

Lighting20000 -


247 250 253 256 260 263 266 269 273 276 280 283 287 290244

244 247 250 253 256 260 263 266 269 273 276 280 283 287 290Total 20000 - Lighting

Signage21000 -


2,501 2,661 2,832


1,501


2,613


4,956



4,377

816 - Monument Village Green Pkwy & Sommerville Wy

5,018


824 - Monument Bryce Canyon & Hemlock Way

5,018


633 674 717


9,431


4,716

848 - Monument Caughlin Glen & Caughlin Crossing

5,081


9,912


4,716


5,081


5,081




17,299

8,379 633 2,661 36,836 17,700 10,753 17,855Total 21000 - Signage



5,002 5,525


19,639 21,158 22,796


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2016 Final



9,086 9,790


6,253 6,906



11,829 12,74410,979

10,979 19,639 11,255 9,086 11,829 21,158 12,431 9,790 12,744 22,796Total 22000 - Office Equipment



1,331

1,331Total 23000 - Mechanical Equipment

Furnishings24000 -

620 - Modular Office Desk 4 HOA Office

10,069

900 - Miscellaneous HOA Folding Tables & Meeting Chairs

5,558 6,293


38,942


18,181

5,558 38,942 34,543Total 24000 - Furnishings



1,235 1,399


1,251 1,416

1,235 1,251 1,399 1,416Total 24500 - Audio / Visual



18,527 19,961 21,505

18,527 19,961 21,505Total 24600 - Safety / Access


100 - Tot Lot: Play Equipment Village Green Park

29,032


22,510


40,844


45,264


1,228


850


625 691


769


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2016 Final



3,001 3,484


21,774




2,659 2,901


425



4,270

900 - Miscellaneous Baseball Field Arched Backstop & Benches

15,384


25,705 28,040


4,270 26,137 2,659 41,859 86,108 1,228 3,591 28,040 1,274 54,290Total 26000 - Outdoor Equipment

Appliances27000 -

200 - Refrigerator HOA Office

2,021


4,706

4,706 2,021Total 27000 - Appliances



9,734


5,156 5,766


16,373 18,309


5,156 5,766


5,156 5,766


1,577


16,883


5,914


1,220


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2016 Final


810 - Maintenance Equipment 5 Truck Side Tool Boxes

6,528



26,244


2,251 2,395 2,549



1,482 1,577 1,678


2,510


4,377 4,487 4,600 4,716 4,834 4,956 5,0814,270


1,837 2,004


1,748 1,907


2,2101,952


926


1,251 1,282 1,314 1,347 1,381 1,416 1,4521,220


4,941


5,389


2,100 2,234 2,377


2,153 2,290 2,437


4,685 4,985 5,305


9,857

862 - Trailer 4 Trailers


57,296


870 - Maintenance Equipment Airless Paint Spayer- GM3000

1,519

872 - Maintenance Equipment Kawasaki Mule UTV 2510

10,005 11,328

874 - Maintenance Truck 2004 Ford F350

43,230 49,560


35,84230,497


35,40030,497


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2016 Final



30,878 35,842


35,40030,497


34,105


34,105

888 - Maintenance Truck 2012 Ford Escape

13,64212,199


39,252

892 - Maintenance Truck 2014 Ford F150 Supercrew 4x4

46,971


20,380 20,635 20,892 21,154 21,418 21,686 21,957 22,231 22,509 22,791 23,075 23,364 23,656 23,95220,128


7,426 8,202


12,199 12,351 12,506 12,662 12,820 12,981 13,143 13,307 13,474 13,642 13,812 13,985 14,160 14,33712,048

998 - Maintenance Equipment 3-Wheel Office Tricycle

1,840 2,032

154,263 117,884 67,752 112,849 39,585 36,076 73,517 37,495 56,174 175,130 77,629 40,944 215,569 164,213 55,055Total 30000 - Miscellaneous



4,812 5,120 5,448

4,812 5,120 5,448Total 31000 - Reserve Study

280,305 233,925 206,826 139,827 206,138 193,196 241,974 182,577 223,488 261,447 142,514 158,414 407,115 328,407 300,315Total Expenditures Inflated @ 1.25%


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Section III

30 Year Reserve Funding Plan Cash Flow Method2016 Final


2016 2017 2018 2019 2020 2021 2022 2023 20252024

815,916 714,827 672,930 670,787 712,607 694,385 729,112 629,319 668,265659,796Beginning Balance

260,596 205,167 170,241 131,798 197,432 150,212 290,139 165,440 263,101193,892Inflated Expenditures @ 1.3%

150,000 154,650 159,753 165,025 170,471 176,097 181,908 187,911 200,518194,112Reserve Contribution

5.68 5.86 6.05 6.25 6.45 6.67 6.89 7.11 7.597.35Units/month @ 2201

3.1% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3%3.3%Percentage Increase

0 0 0 0 0 0 0 0 00Special Assessments / Other

9,508 8,620 8,346 8,593 8,739 8,842 8,437 8,007 7,9628,249Interest After Tax @ 1.25%

714,827 672,930 670,787 712,607 694,385 729,112 629,319 659,796 613,644668,265Ending Balance

2026 2027 2028 2029 2030 2031 2032 2033 20352034

613,644 703,019 818,264 684,534 546,402 256,694 223,012 243,668 433,508300,209Beginning Balance



7.84 8.10 8.37 8.64 8.93 9.22 9.53 9.84 10.5010.17Units/month @ 2201

3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3%3.3%Percentage Increase



703,019 818,264 684,534 546,402 256,694 223,012 243,668 300,209 510,667433,508Ending Balance

2036 2037 2038 2039 2040 2041 2042 2043 20452044

510,667 611,025 673,071 805,491 908,554 985,199 1,193,315 1,399,227 1,429,5821,369,021Beginning Balance



10.85 11.21 11.58 11.96 12.36 12.76 13.18 13.62 14.5314.07Units/month @ 2201

3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3% 3.3%3.3%Percentage Increase



611,025 673,071 805,491 908,554 985,199 1,193,315 1,399,227 1,369,021 1,531,5061,429,582Ending Balance

© Browning Reserve Group 2016 212612

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Section III-a

30 Year Reserve Funding Plan Cash Flow Method - Ending Balances2016 Final


$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

Years

Fu

nd

Bala

nce


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Section IV

30 Year Reserve Funding Plan Including Fully Funded Balance and % Funded2016 Final


Year

Beginning

Balance

Fully Funded

Balance

Percent

Funded

Reserve

Contribution

Special Assessments

& Other Contributions Interest

Ending

Balance@ 1.25%

Inflated

Expenditures

2016 815,916 1,242,224 57.5% 260,596 150,000 0 9,508 714,827

2017 714,827 1,161,285 57.9% 205,167 154,650 0 8,620 672,930

2018 672,930 1,144,644 58.6% 170,241 159,753 0 8,346 670,787

2019 670,787 1,166,904 61.1% 131,798 165,025 0 8,593 712,607

2020 712,607 1,225,573 56.7% 197,432 170,471 0 8,739 694,385

2021 694,385 1,223,832 59.6% 150,212 176,097 0 8,842 729,112

2022 729,112 1,272,416 49.5% 290,139 181,908 0 8,437 629,319

2023 629,319 1,267,749 52.0% 165,440 187,911 0 8,007 659,796

2024 659,796 1,380,469 48.4% 193,892 194,112 0 8,249 668,265

2025 668,265 1,416,973 43.3% 263,101 200,518 0 7,962 613,644

2026 613,644 1,376,439 51.1% 125,938 207,135 0 8,178 703,019

2027 703,019 1,467,234 55.8% 108,174 213,970 0 9,449 818,264

2028 818,264 1,587,452 43.1% 364,095 221,031 0 9,334 684,534

2029 684,534 1,456,387 37.5% 374,102 228,325 0 7,646 546,402

2030 546,402 1,316,470 19.5% 530,556 235,860 0 4,988 256,694

2031 256,694 1,019,453 21.9% 280,305 243,643 0 2,980 223,012

2032 223,012 975,396 25.0% 233,925 251,683 0 2,899 243,668

2033 243,668 985,287 30.5% 206,826 259,989 0 3,378 300,209

2034 300,209 1,030,412 42.1% 139,827 268,569 0 4,557 433,508

2035 433,508 1,153,386 44.3% 206,138 277,432 0 5,864 510,667

2036 510,667 1,213,904 50.3% 193,196 286,587 0 6,967 611,025

2037 611,025 1,291,466 52.1% 241,974 296,044 0 7,976 673,071

2038 673,071 1,323,836 60.8% 182,577 305,813 0 9,184 805,491

2039 805,491 1,420,016 64.0% 223,488 315,905 0 10,646 908,554

2040 908,554 1,479,281 66.6% 261,447 326,330 0 11,762 985,199

2041 985,199 1,504,201 79.3% 142,514 337,099 0 13,531 1,193,315

2042 1,193,315 1,653,241 84.6% 158,414 348,223 0 16,103 1,399,227

2043 1,399,227 1,791,477 76.4% 407,115 359,714 0 17,194 1,369,021

2044 1,369,021 1,683,106 84.9% 328,407 371,585 0 17,383 1,429,582

2045 1,429,582 1,656,591 92.4% 300,315 383,847 0 18,392 1,531,506

232612

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Section IV-a

30 Year Reserve Funding Plan Cash Flow Method - Percent Funded2016 Final


0

10

20

30

40

50

60

70

80

90

100

2016

2017

2018

2019

2020

2021

2022

2023

2024

2025

2026

2027

2028

2029

2030

2031

2032

2033

2034

2035

2036

2037

2038

2039

2040

2041

2042

2043

2044

2045

Years

Perc

en

t Fu

nd

ed


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Section V

Reserve Fund Balance Forecast Component Method2016 Final


Reserve ComponentCurrent

Repl. CostUsefulLife

RemainingLife

EstimatedFuture

Replacement Costs

PerYear

% Per Year

Straight Line

2017

2017 Fully Funded Balance


Line ItemContribution

based on

Cash Flow Method

01000 - Paving

0 0 0.00% 066,511 0130 - Asphalt: State Spec. Slurry

170,542 Sq. Ft. Type II in 2016[nr:1]6 0 66,511

48,750 8,125 3.56% 5,49948,148 48,750134 - Asphalt: State Spec. Slurry 123,456 Sq. Ft. Type II in 2017[nr:1]

6 1 40,123

57,565 9,594 4.20% 6,49456,152 47,378138 - Asphalt: State Spec. Slurry 143,980 Sq. Ft. Type II in 2018 and 2024[nr:2]

6 2 37,435

55,604 7,943 3.48% 5,37651,610 0150 - Asphalt: State Spec. Slurry

132,334 Sq. Ft. Type II in 2022[nr:1]6 6 7,373

48,025 6,003 2.63% 4,06344,026 6,368154 - Asphalt: State Spec. Slurry

112,886 Sq. Ft. Type II in 2023[nr:1]6 7 5,503


48,868 Sq. Ft. Type II in 2025[nr:1]6 9 1,906


181,202 Sq. Ft. Type II in 2031 and Ongoing6 15 4,417

53,706 3,159 1.38% 2,13844,026 2,786178 - Asphalt: State Spec. Slurry 112,886 Sq. Ft. Type II in 2032 and Ongoing

6 16 2,590

69,356 3,853 1.69% 2,60856,152 3,344182 - Asphalt: State Spec. Slurry 143,980 Sq. Ft. Type II in 2033 and Ongoing

6 17 3,120

0 0 0.00% 031,525 0199 - Asphalt: Ongoing Repairs

7,981 Sq. Ft. Full Depth HMA Patch 2018[nr:1]1 0 31,525

18,750 3,125 1.37% 2,11518,518 18,750200 - Asphalt: Ongoing Repairs

123,456 Sq. Ft. Full Depth HMA Patch 2017 (3%)[nr:1]6 1 15,432

22,140 3,690 1.61% 2,49821,597 18,222204 - Asphalt: Ongoing Repairs


28,515 4,074 1.78% 2,75726,467 0208 - Asphalt: Ongoing Repairs


24,628 3,079 1.35% 2,08422,577 3,266210 - Asphalt: Ongoing Repairs 112,886 Sq. Ft. Full Depth HMA Patch 2023 (4%)[nr:1]

6 7 2,822

31,805 3,534 1.55% 2,39228,796 3,644214 - Asphalt: Ongoing Repairs 143,980 Sq. Ft. Full Depth HMA Patch 2024 (4%)[nr:1]

6 8 3,200

29,401 1,336 0.58% 90522,650 1,092230 - Asphalt: Ongoing Repairs

181,202 Sq. Ft. Full Depth HMA Patch 2037 (3%)6 21 1,030

18,546 806 0.35% 54614,111 649234 - Asphalt: Ongoing Repairs

112,886 Sq. Ft. Full Depth HMA Patch 2038 (3%)6 22 614

23,950 998 0.44% 67517,998 792238 - Asphalt: Ongoing Repairs

143,980 Sq. Ft. Full Depth HMA Patch 2039 (3%)6 23 750


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RemainingLife

EstimatedFuture

Replacement

Costs

PerYear

% Per Year

Straight Line

2017




based onCash Flow Method

Caughlin Ranch HOA

Reserve Fund Balance Forecast Component Method

2016 Final


01000 - Paving

92,137 3,685 1.61% 2,49485,519 69,270340 - Asphalt: Overlay 48,868 Sq. Ft. 1.5" HMA OL- 2022

25 6 64,994

268,813 10,753 4.71% 7,278231,585 131,308344 - Asphalt: Overlay

132,334 Sq. Ft. 1.5" HMA OL- 202825 12 120,424

232,174 9,287 4.06% 6,286197,551 104,010348 - Asphalt: Overlay

112,886 Sq. Ft. 1.5" HMA OL- 202925 13 94,824

299,827 11,993 5.25% 8,117251,965 122,455352 - Asphalt: Overlay

143,980 Sq. Ft. 1.5" HMA OL- 203025 14 110,865

0 0 0.00% 05,385 0406 - Asphalt: Crackfill 5,040 Sq. Ft. 2016 Only[nr:1]

1 0 5,385

5,063 2,531 1.11% 1,7135,000 5,063410 - Asphalt: Crackfill Ongoing Per Year Until 2028[nr:12]

1 1 2,500

6,253 329 0.14% 2235,000 281414 - Asphalt: Crackfill Ongoing Per Year Starting in 2034

1 18 263

2,236 75 0.03% 502,236 75760 - Bollards

4 Village Green Parking Lot30 0 2,236

5,063 2,531 1.11% 1,7135,000 5,063980 - Consulting/Engineering

Ongoing1 1 2,500

0 0 0.00% 014,900 0981 - Consulting/Engineering

2016 Only[nr:1]1 0 14,900

Sub-total [01000 - Paving] 1,548,762 107,957 47.25% 73,0691,464,731 599,483661,419

02000 - Concrete

3,466 433 0.19% 2933,423 3,466220 - Miscellaneous 21,131 Sq. Ft. Various Areas (1%)

8 1 2,995

0 0 0.00% 01,596 0221 - Miscellaneous

Various Areas (2016 Only)[nr:1]1 0 1,596

Sub-total [02000 - Concrete] 3,466 433 0.19% 2935,019 3,4664,591

03000 - Painting: Exterior

599 120 0.05% 81570 231120 - Surface Restoration

1,536 Sq. Ft. Maintenance Building5 4 114

308 62 0.03% 42304 308450 - Wood Fencing 500 Sq. Ft. Maintenance Yard Perimeter

5 1 243

Sub-total [03000 - Painting: Exterior] 907 181 0.08% 123874 538357


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RemainingLife

EstimatedFuture

Replacement

Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


04000 - Structural Repairs

16,973 424 0.19% 28712,442 5,039200 - Wood: Siding & Trim 1,536 Sq. Ft. Maintenance Building

40 25 4,666

1,118 112 0.05% 761,013 308800 - Wood: Gazebo Repairs

Village Green Park BBQ Area- Maintain10 8 203

3,846 128 0.06% 873,038 1,230910 - Building Maintenance

Village Green- Log Play Cabin30 19 1,114

2,928 163 0.07% 1102,430 547912 - Doors

2 Maintenance Building Roll Up Doors18 15 405

4,076 163 0.07% 1103,645 2,510914 - Doors 3 Village Green Park- Restroom Bldg

25 9 2,333

Sub-total [04000 - Structural Repairs] 28,941 990 0.43% 67022,567 9,6338,720

05000 - Roofing

9,200 368 0.16% 2497,088 1,435440 - Pitched: Dimensional Composition

14 Squares- Maintenance Bldg- Comp & Metal Roofing25 21 1,134


4 Squares- Maintenance Carport Structure25 7 1,458


8 Squares- Village Green Park- Shade Structure30 9 2,268

3,234 129 0.06% 882,430 295444 - Pitched: Dimensional Composition

6 Squares- Village Green- Restroom Bldg25 23 194

Sub-total [05000 - Roofing] 18,266 706 0.31% 47814,783 5,6945,054

08000 - Rehab

5,320 532 0.23% 3605,063 3,588226 - Restrooms 2 Village Green Restroom Bldg (50%)

10 4 3,038

0 0 0.00% 01,186 0227 - Restrooms

Key Pad (2016 Only)[nr:1]1 0 1,186

Sub-total [08000 - Rehab] 5,320 532 0.23% 3606,249 3,5884,224

14000 - Recreation

1,091 109 0.05% 741,013 513900 - Miscellaneous

4 Village Green- Horseshoe Pits10 6 405

17000 - Tennis Court

13,187 1,884 0.82% 1,27512,393 5,378100 - Reseal 14,400 Sq. Ft. Village Green Park

7 5 3,541

46,153 2,198 0.96% 1,48836,450 5,272500 - Resurface 14,400 Sq. Ft. Village Green Park

21 19 3,471

Sub-total [17000 - Tennis Court] 59,341 4,082 1.79% 2,76348,843 10,6507,012


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EstimatedFuture

Replacement

Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


18000 - Landscaping

2,050 1,025 0.45% 6942,025 2,050100 - Irrigation: Misc. Grounds

2 1 1,013

2,184 1,092 0.48% 7392,157 2,184104 - Irrigation: Controllers

Community (10%)1 1 1,078

Sub-total [18000 - Landscaping] 4,234 2,117 0.93% 1,4334,182 4,2342,091

18500 - Lakes / Ponds

5,638 2,819 1.23% 1,9085,569 5,638920 - Miscellaneous

Pond Maintenance1 1 2,784

13,407 2,681 1.17% 1,81512,758 5,167930 - Miscellaneous 7 Irrigation Pump Stations A,N,B,P,E,G,I (50%)

5 4 2,552

0 0 0.00% 05,475 0931 - Miscellaneous Stations A (2016 Only)[nr:1]

1 0 5,475

10,002 2,000 0.88% 1,3549,518 3,855934 - Miscellaneous

4 Irrigation Pump Stations-C,O,H,K (50%)5 4 1,904

0 0 0.00% 03,097 0935 - Miscellaneous

Station C (2016 Only)[nr:1]1 0 3,097

6,000 6,000 2.63% 4,0616,000 6,075939 - Miscellaneous

All Pumps: Short Term Work to 2019[nr:4]1 0 6,000

Sub-total [18500 - Lakes / Ponds] 35,048 13,501 5.91% 9,13842,416 20,73521,811

19000 - Fencing

2,521 84 0.04% 571,871 442100 - Chain Link: 4' 168 Lin. Ft. Village Green Park Tennis Courts

30 24 374

12,769 426 0.19% 2889,477 2,239130 - Chain Link: 10' 520 Lin. Ft. Village Green Park Tennis Courts

30 24 1,895

2,280 228 0.10% 1542,169 1,537990 - Masonry Wall: On-going Maint.

857 Lin. Ft. Along S McCarran Blvd (25%)10 4 1,302

Sub-total [19000 - Fencing] 17,570 738 0.32% 49913,517 4,2183,571

20000 - Lighting

205 103 0.04% 69203 205280 - Pole Lights

Village Green Park (20%)1 1 101


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EstimatedFuture

Replacement

Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


21000 - Signage

2,076 415 0.18% 2812,025 1,640792 - Monument 2 Caughlin Pky & Mc Carren

5 2 1,215

1,501 68 0.03% 461,215 336796 - Monument

Cashell Blvd & Mc Carron Pkwy22 17 276

1,988 90 0.04% 611,823 1,342800 - Monument

Cashell Blvd & Caughlin Crest Park22 7 1,243

3,771 171 0.08% 1163,544 2,936804 - Monument

Village Green Park22 5 2,738

8,125 369 0.16% 2507,088 3,914808 - Monument 2 Caughlin Square & Hampton Ln

22 11 3,544

4,377 199 0.09% 1353,544 979812 - Monument Village Green Pkwy & Fox Creek Trail

22 17 805

3,818 174 0.08% 1173,544 2,773816 - Monument Village Green Pkwy & Sommerville Wy

22 6 2,577

3,963 180 0.08% 1223,544 2,283820 - Monument

Village Green Pkwy & Lockerbie Pl22 9 2,094

3,818 174 0.08% 1173,544 2,773824 - Monument

Bryce Canyon & Hemlock Way22 6 2,577

525 105 0.05% 71506 308828 - Monument

S Mc Carron Pkwy & W Plum Ln5 3 203

7,176 326 0.14% 2217,088 7,176840 - Monument 2 Mayberry Dr & Eastwood

22 1 6,765

3,588 163 0.07% 1103,544 3,588844 - Monument Greensburg Cir & S Mc Carran

22 1 3,383

3,866 176 0.08% 1193,544 2,609848 - Monument Caughlin Glen & Caughlin Crossing

22 7 2,416

7,542 343 0.15% 2327,088 5,871852 - Monument

2 Caughlin Pkwy & Kensington Ln22 5 5,477

3,588 163 0.07% 1103,544 3,588856 - Monument

Gaughlin Parkway22 1 3,383

3,866 176 0.08% 1193,544 2,609860 - Monument

Plateau Rd & Water Hold Rd22 7 2,416

3,866 176 0.08% 1193,544 2,609864 - Monument Caughlin Pky & Sierra Crest Way

22 7 2,416

8,125 369 0.16% 2507,088 3,914868 - Monument 2 Creekridge Trail & Caughlin Pky

22 11 3,544

4,217 192 0.08% 1303,544 1,468872 - Monument Seasons Trail & Caughlin Pkw

22 14 1,289

13,163 598 0.26% 40513,000 13,163876 - Monument

CRHA Monument Sign22 1 12,409

Sub-total [21000 - Signage] 92,958 4,627 2.03% 3,13285,900 65,87960,770


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EstimatedFuture

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Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


22000 - Office Equipment

4,101 513 0.22% 3474,050 4,101100 - Miscellaneous Digital Phone System

8 1 3,544

16,919 2,820 1.23% 1,90916,099 8,150110 - Miscellaneous

VMS Software6 4 5,366

7,266 1,211 0.53% 8207,088 5,980200 - Computers, Misc.

HOA Office (50%)6 2 4,725

5,126 641 0.28% 4345,063 5,126200 - Computers, Misc.

Server8 1 4,430

0 0 0.00% 01,010 0201 - Computers, Misc. GM Computer (2016 Only)[nr:1]

1 0 1,010

9,459 1,576 0.69% 1,0679,113 6,151204 - Computers, Misc. HOA Office- Savin C9125 Printer/Copier

6 3 4,556

Sub-total [22000 - Office Equipment] 42,870 6,761 2.96% 4,57642,421 29,50723,631

23000 - Mechanical Equipment

1,104 74 0.03% 501,013 615200 - HVAC

Maintenance Building15 7 540

24000 - Furnishings

8,357 557 0.24% 3777,290 2,460620 - Modular Office Desk

4 HOA Office15 11 1,944

4,909 491 0.21% 3324,556 2,307900 - Miscellaneous HOA Folding Tables & Meeting Chairs

10 6 1,823

33,549 2,796 1.22% 1,89230,375 12,814906 - Miscellaneous HOA Office

12 8 10,125

15,090 1,006 0.44% 68113,163 4,442910 - Window Coverings HOA Office

15 11 3,510

Sub-total [24000 - Furnishings] 61,905 4,850 2.12% 3,28355,384 22,02417,402

24500 - Audio / Visual

1,091 109 0.05% 741,013 513300 - PA System

HOA Office- Public Address System10 6 405

1,104 110 0.05% 751,013 410900 - Miscellaneous

HOA Office- Projector & Screen10 7 304

Sub-total [24500 - Audio / Visual] 2,195 220 0.10% 1492,025 923709

24600 - Safety / Access

15,961 2,660 1.16% 1,80115,188 7,689700 - Security System Village Green Park

6 4 5,063


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Costs

PerYear

% Per Year

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2017





Caughlin Ranch HOA


2016 Final


26000 - Outdoor Equipment

22,645 1,132 0.50% 76620,250 12,302100 - Tot Lot: Play Equipment Village Green Park

20 9 11,138

22,510 1,126 0.49% 76218,225 3,691104 - Tot Lot: Play Equipment

Eastridge Park20 17 2,734

31,859 1,593 0.70% 1,07831,859 1,613108 - Tot Lot: Play Equipment

Caughlin Crest Park20 0 31,859

35,306 3,531 1.55% 2,39035,306 3,575140 - Tot Lot: Safety Surface

Caughlin Crest Park10 0 35,306

1,019 68 0.03% 46911 431200 - Pedestal Grill BBQ 3 Village Green Park

15 9 365

705 47 0.02% 32608 164204 - Pedestal Grill BBQ 2 Caughlin Crest Park

15 12 122

513 64 0.03% 43506 513218 - Barbecue Village Green Park- Masonry BBQ

8 1 443

663 55 0.02% 37608 308300 - Benches

Caughlin Crest Park12 7 253

2,586 215 0.09% 1462,430 1,640306 - Benches

4 Village Green Park12 5 1,418

16,984 849 0.37% 57515,188 9,226312 - Picnic Table: Metal

10 Village Green Park20 9 8,353

5,060 253 0.11% 1714,253 1,507320 - Picnic Table: Metal 3 Eastridge Park

20 14 1,276

5,060 253 0.11% 1714,253 1,507324 - Picnic Table: Metal 3 Trails & Roadside

20 14 1,276

2,235 319 0.14% 2162,126 1,230380 - Garbage Receptacles 6 Village Green- Coated Containers (50%)

7 4 911

353 24 0.01% 16304 82384 - Garbage Receptacles

Caughlin Crest Park15 12 61

4,165 208 0.09% 1413,544 1,435480 - Drinking Fountain

Village Green Park20 13 1,240

4,270 213 0.09% 1443,544 1,076484 - Drinking Fountain

Village Green Park20 15 886

15,384 513 0.22% 34712,150 4,921900 - Miscellaneous Baseball Field Arched Backstop & Benches

30 19 4,455

21,602 3,086 1.35% 2,08920,301 8,809904 - Miscellaneous Village Green Park- Ampitheater Canvas Awning

7 5 5,800

0 0 0.00% 03,370 0905 - Miscellaneous Awning Lights (2016 Only)[nr:1]

1 0 3,370

Sub-total [26000 - Outdoor Equipment] 192,918 13,549 5.93% 9,171179,733 54,029111,264


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Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


27000 - Appliances

1,677 112 0.05% 761,519 820200 - Refrigerator HOA Office

15 8 709

3,906 260 0.11% 1763,906 264248 - Ice Machine

Maintenace Yard Shop15 0 3,906

Sub-total [27000 - Appliances] 5,583 372 0.16% 2525,425 1,0844,615


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Costs

PerYear

% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final


30000 - Miscellaneous

8,079 539 0.24% 3658,079 545710 - Maintenance Equipment AUSA Utility Vehicle

15 0 8,079

4,123 458 0.20% 3104,123 464712 - Tractor

Riding Tractor Mower- Scagg/Kawasaki-15HP9 0 4,123

13,092 1,455 0.64% 98513,092 1,473714 - Tractor

Riding Tractor Mower- Scagg/Turf Tigerlo9 0 13,092

4,123 458 0.20% 3104,123 464716 - Tractor

Riding Tractor Mower- Scagg/Kawasaki-15HP9 0 4,123

4,123 458 0.20% 3104,123 464718 - Tractor Riding Tractor Mower- Scagg/Kawasaki-15HP

9 0 4,123

1,230 123 0.05% 831,215 1,230720 - Maintenance Equipment Seedair Air Compressor

10 1 1,094

16,883 563 0.25% 38113,669 6,458722 - Maintenance Equipment 3 Truck Safety Cages

30 17 5,923

4,613 231 0.10% 1564,556 4,613724 - Maintenance Equipment

Snow Plow Attachment20 1 4,328

1,013 68 0.03% 461,013 68726 - Maintenance Equipment

Electric Seeder15 0 1,013


5 Truck Side Tool Boxes18 7 2,924

0 0 0.00% 0957 0811 - Maintenance Equipment Top Sider Tool Box (2016 Only)[nr:1]

1 0 957

19,478 1,623 0.71% 1,09919,238 19,478825 - Maintenance Equipment 4 Walk-Behind Mowers- Racer

12 1 17,634

0 0 0.00% 01,724 0826 - Maintenance Equipment Turfmaster Lawnmower (2016 Only)[nr:1]

1 0 1,724


3 Backpack Blowers- 2013 & 20145 2 1,094


2 Backpack Blowers- 20115 1 972


2 Hedge Trimmers10 1 1,740

3,588 1,794 0.79% 1,2143,544 3,588832 - Maintenance Equipment 14 Weed Eaters- String Trimmers (50%)

2 1 1,772

1,544 221 0.10% 1491,433 415834 - Maintenance Equipment 2 Chainsaw- Stihl 28" Bar

7 6 205

1,469 210 0.09% 1421,433 1,244836 - Maintenance Equipment 2 Chainsaw- Stihl 16" Bar

7 2 1,024

1,724 172 0.08% 1171,620 984838 - Maintenance Equipment

2 Grinders10 5 810

769 51 0.02% 35759 769840 - Maintenance Equipment

Generator- Dayton15 1 709


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Costs

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% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final



1,025 513 0.22% 3471,013 1,025842 - Maintenance Equipment Power Washer- Honda

2 1 506


Tailgate Sand & Salt Spreader20 16 810


Sod Cutter- Ryan10 3 2,835


Snow Blowers- Toro5 1 1,377

1,787 357 0.16% 2421,721 1,046850 - Maintenance Equipment Snow Blowers- Toro

5 3 689

3,888 778 0.34% 5263,746 2,276852 - Maintenance Equipment Snow Blower- Track Drive

5 3 1,499

7,689 384 0.17% 2607,594 7,689860 - Trailer 3 Water Tank Trailers w/Pump

20 1 7,214

9,639 482 0.21% 3268,100 2,870862 - Trailer

4 Trailers20 14 2,430

47,555 3,170 1.39% 2,14642,525 20,093864 - Tractor

Skid Steer- Bobcat S22015 9 17,010

50,603 2,530 1.11% 1,71342,525 15,070866 - Tractor

Backhoe-Deere20 14 12,758

1,309 109 0.05% 741,215 718870 - Maintenance Equipment Airless Paint Spayer- GM3000

12 6 608

8,836 884 0.39% 5988,100 3,281872 - Maintenance Equipment Kawasaki Mule UTV 2510

10 7 2,430

37,708 3,428 1.50% 2,32035,438 22,833874 - Maintenance Truck 2004 Ford F350

11 5 19,330

25,949 1,996 0.87% 1,35125,313 23,657876 - Maintenance Truck

2003 Ford Ranger 4x413 2 21,418


2005 Ford Ranger12 3 18,984


2006 Ford Ranger12 4 16,875

26,274 2,189 0.96% 1,48225,313 21,357882 - Maintenance Truck 2007 Ford F-150

12 3 18,984

26,602 2,660 1.16% 1,80125,313 17,940884 - Maintenance Truck 2010 Ford Ranger

10 4 15,188

26,602 2,660 1.16% 1,80125,313 17,940886 - Maintenance Truck 2011 Ford Ranger

10 4 15,188

10,909 1,212 0.53% 82010,125 4,556888 - Maintenance Truck

2012 Ford Escape9 6 3,375


2013 Ford F150 Super Crew 4x412 6 15,694


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Costs

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% Per Year

Straight Line

2017





Caughlin Ranch HOA


2016 Final



38,985 2,599 1.14% 1,75933,172 6,717892 - Maintenance Truck 2014 Ford F150 Supercrew 4x4

15 13 4,423


Truck Fleet Maintenance1 1 8,353

6,087 761 0.33% 5155,721 2,896902 - Miscellaneous

Christmas Lights, Wreaths & Batteries8 5 2,145

10,000 10,000 4.38% 6,76810,000 10,125990 - Maintenance Equipment

Ongoing1 0 10,000

1,508 189 0.08% 1281,418 718998 - Maintenance Equipment 3-Wheel Office Tricycle

8 5 532

Sub-total [30000 - Miscellaneous] 553,577 63,128 27.63% 42,727516,658 315,040298,115

31000 - Reserve Study

3,994 799 0.35% 5413,800 1,539120 - 5 Year Update with Site Visit

Reserve Study5 4 760

Totals 2,696,215 228,488 1,161,285 100.00% 154,6502,531,940

[A] [B]

57.95%Percent Funded

[EndBal]

[B]

1,242,224

57.54%

[EndBal]

[A]


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Caughlin Ranch HOA

Section VI

Component Listing Included Components2016 Final


Paving01000 -

130 - Asphalt: State Spec. Slurry

170,542 Sq. Ft. Type II in 2016 170,542 Square Feet

$0.390

6

Quantity Unit of Measure

% Included

Useful Life Remaining Life

100.00%

Treatment [nr:1]

$66,511Total Cost/Study

Cost /SqFt

0

Replacement Year 2016 $66,511Future CostSummary

This is to prepare the surface and apply a state specification type II slurry seal.

2016- Added to study for 2016 work. Footage is different in 2022, the next cycle, because of the HMA work at the same area. This is a one time item. Village Green Parking lot was added to this component in 2016.



$0.390

6


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

1



2016- Added to study for 2017 work. Footage is different in 2023, the next cycle, because of the HMA work at the same area. This is a one time item.


143,980 Sq. Ft. Type II in 2018 and 2024 143,980 Square Feet

$0.390

6


% Included


100.00%

Treatment [nr:2]


Cost /SqFt

2



2016- Added to study for 2018 work. Footage is the same in 2024, unlike the related 2016, 2017 work so this is ongoing.



$0.390

6


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

6



2016- Added to study for 2022 work.


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Component Listing Included Components

2016 Final


Paving01000 -



$0.390

6


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

7



2016- Added to study for 2023 work.



$0.390

6


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

9



2016- Added to study for 2025 work only.


181,202 Sq. Ft. Type II in 2031 and Ongoing

181,202 Square Feet

$0.390

6


% Included


100.00% $70,669Total Cost/Study

Cost /SqFt

15



2016- Added to study for 2031 work and ongoing.



112,886 Square Feet

$0.390

6


% Included



Cost /SqFt

16






143,980 Square Feet

$0.390

6


% Included



Cost /SqFt

17





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2016 Final


Paving01000 -

199 - Asphalt: Ongoing Repairs

7,981 Sq. Ft. Full Depth HMA Patch 2018 7,981 Square Feet

$3.95

1


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

0


This is for miscellaneous repairs including a full depth HMA patch in 2016 only.


123,456 Sq. Ft. Full Depth HMA Patch 2017 (3%)

123,456 Square Feet

$5.00 $617,280

6


% Included


3.00%

Treatment [nr:1]


Cost /SqFt Qty * $/SqFt

1


This is for miscellaneous repairs including a full depth HMA patch to a partial area as indicated by the percentage included above.



143,980 Square Feet

$5.00 $719,900

6


% Included


3.00%

Treatment [nr:1]



2





132,334 Square Feet

$5.00 $661,670

6


% Included


4.00%

Treatment [nr:1]



6





112,886 Square Feet

$5.00 $564,430

6


% Included


4.00%

Treatment [nr:1]



7





143,980 Square Feet

$5.00 $719,900

6


% Included


4.00%

Treatment [nr:1]



8




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2016 Final


Paving01000 -



181,202 Square Feet

$5.00 $906,010

6


% Included




21



2016- Added to study per engineer's recommendation. BRG used 2.5% for inclusion amount instead of 2 variations at 2% & later at 3%. This can be adjusted as needed.



112,886 Square Feet

$5.00 $564,430

6


% Included




22






143,980 Square Feet

$5.00 $719,900

6


% Included




23




340 - Asphalt: Overlay

48,868 Sq. Ft. 1.5" HMA OL- 2022 48,868 Square Feet

$1.75

25


% Included



Cost /SqFt

6


This is to overlay the existing asphalt surface with 1.5" of new hot mix asphalt. Generally this includes edge grinding and utility box extensions.



$1.75

25


% Included



Cost /SqFt

12




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2016 Final


Paving01000 -



$1.75

25


% Included



Cost /SqFt

13





$1.75

25


% Included



Cost /SqFt

14



406 - Asphalt: Crackfill

5,040 Sq. Ft. 2016 Only 5,040 Square Feet

$1.07

1


% Included


100.00%

Treatment [nr:1]


Cost /SqFt

0


This is to clean cracks and fill with a premium hot rubberized crack filler. Cracks 1/4" or wider should be filled when observed.

2016- Added for 2016 only work.


Ongoing Per Year Until 2028 1 Lump Sum

$5,000

1


% Included


100.00%

Treatment [nr:12]


Cost /LS

1



2016- Added for 2017-2028 work.


Ongoing Per Year Starting in 2034 1 Lump Sum

$5,000

1


% Included



Cost /LS

18



2016- Added for 2034 and later work.


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2016 Final


Paving01000 -

760 - Bollards

4 Village Green Parking Lot 4 Items

$559

30


% Included



Cost /Itm

0


This is to replace or repair damaged bollards. Since core bollard useful life exceeds the scope of this study, this is not for full replacement. Painting is provided for within another component.

2016- $2,236 was expended to install 4 parking lot bollards and chains to close off lots. Added as a reserve study component.

980 - Consulting/Engineering

Ongoing 1 Lump Sum

$5,000

1


% Included



Cost /LS

1


This is for paving engineer and consultant professional fees and expenses.

2016- Added to study per engineer at $5,000/year starting in 2017. This is an average amount and in years of the interlayer, the cost will be higher and in the sealcoat years the cost may be lower.


2016 Only 1 Lump Sum

$14,900

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for paving engineer and consultant professional fees and expenses.

2016- Added to study. $14,900 expended in 2016.

Concrete02000 -

220 - Miscellaneous

21,131 Sq. Ft. Various Areas (1%) 21,131 Square Feet

$16.20 $342,322

8


% Included




1


This is to repair, replace or grind concrete flatwork to remove abrupt elevation changes and maintain functionality. Since the concrete useful life exceeds the scope of this study, this component provides for repair only and not full replacement.

Village Green Park- 14,056 sfCaughlin Crest Park- 2,056 sfpath and street approaches- 3,540 sfbridges on paths behind Caughlin Club area- 1,479 sf

2016- addt'l- A section of path #10 was replaced with concrete in 2016 for $10,000. Per engineer in 2016, the life exceeds the 30 year scope of the study so this is a one time expense.2016- $1,596 was expended concrete sidewalk repairs.2015- $989 was expended.


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2016 Final


Concrete02000 -

221 - Miscellaneous

Various Areas (2016 Only) 1 Lump Sum

$1,596

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $1,596 expended concrete sidewalk repairs.


120 - Surface Restoration

1,536 Sq. Ft. Maintenance Building 1,536 Square Feet

$0.371

5


% Included


100.00% $570Total Cost/Study

Cost /SqFt

4

Replacement Year 2020 $599Future CostSummary

This is to prepare, power wash, sand, scrape, caulk and paint with a 100% premium acrylic paint.

In 2015, this building is need of painting maintenance sooner than later.

2015- $563 anticipated to paint entire building per client 7/10/2015.

450 - Wood Fencing

500 Sq. Ft. Maintenance Yard Perimeter 500 Square Feet

$0.608

5


% Included



Cost /SqFt

1


This is to prepare and paint 2 sides of the wood fencing.


200 - Wood: Siding & Trim

1,536 Sq. Ft. Maintenance Building 1,536 Square Feet

$8.10

40


% Included



Cost /SqFt

25


This is to replace the horizontal siding and wood trim. The actual scope of the work will depend on what is found after the existing siding is removed. Includes primer and paint on all new wood surfaces. With proper paint maintenance the siding should last as long as the building lasts.

800 - Wood: Gazebo Repairs

Village Green Park BBQ Area- Maintain 1 Lump Sum

$1,013

10


% Included



Cost /LS

8


This is to repair the 40' x 60' shade structure which should have a useful exceeding the 30 year scope of the reserve study. Painting is completed thru operating. Particular attention should be paid to areas which are in contact with moisture. Roofing is considered in an additional component.

6- lights\ fixtures


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910 - Building Maintenance

Village Green- Log Play Cabin 1 Lump Sum

$3,038

30


% Included



Cost /LS

19


This is for general building repairs.

912 - Doors

2 Maintenance Building Roll Up Doors 2 Items

$1,215

18


% Included



Cost /Itm

15


This is to repair, replace and maintain the roll up doors.

2015- $1,427 was expended to replace front man door.2013- Placed in service.

914 - Doors

3 Village Green Park- Restroom Bldg 3 Items

$1,215

25


% Included



Cost /Itm

9


This is to repair, replace and maintain the doors.

Roofing05000 -

440 - Pitched: Dimensional Composition

8 Squares- Village Green Park- Shade Structure

8 Squares

$405

30


% Included



Cost /Sqrs

9


This is to reroof the 24' x 24' shade structure with a dimensional composition roofing product. Composition roofs should be regularly inspected and repaired as indicated to ensure maximum life.

In 2015, the shingles over the hips may require premature replacement.


14 Squares- Maintenance Bldg- Comp & Metal Roofing

14 Squares

$506

25


% Included



Cost /Sqrs

21


This is to reroof with a dimensional composition and metal roofing product. Composition roofs should be regularly inspected and repaired as indicated to ensure maximum life.

2012- $6,745 was expended for replacement.


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Roofing05000 -


4 Squares- Maintenance Carport Structure 4 Squares

$506

25


% Included



Cost /Sqrs

7


This is to reroof with a dimensional composition roofing product. Composition roofs should be regularly inspected and repaired as indicated to ensure maximum life.


6 Squares- Village Green- Restroom Bldg 6 Squares

$405

25


% Included



Cost /Sqrs

23


This is to reroof with a dimensional composition roofing product. Composition roofs should be regularly inspected and repaired as indicated to ensure maximum life. A client provided cost will further define this component.

2014- Placed in service.

Rehab08000 -

226 - Restrooms

2 Village Green Restroom Bldg (50%) 2 Items

$5,063 $10,125

10


% Included



Cost /Itm Qty * $/Itm

4


This is to rehab and redecorate the restrooms including items such as partitions, fixtures, lighting, tile, etc on a percentage basis. Client input will further define this component. Painting is funded from operating.

5- interior and exterior lights2- access keypads (considered in an additional component)2- stainless steel sinks1- stainless steel urinal (rusted)3- stainless steel toilets2- "World" hand dryers (considered in an additional component)3- doors (considered in an additional component)

2016- $1,186 was expended to replace women's restroom key pad.2013- $7,690 was expended for new bathroom dispensers, 1 sink and 2 toilets ($4.500) and combo locks ($3,190) due to vandalism.

227 - Restrooms

Key Pad (2016 Only) 1 Lump Sum

$1,186

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $1,186 expended to replace women's restroom key pad.


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Recreation14000 -

900 - Miscellaneous

4 Village Green- Horseshoe Pits 4 Items

$253

10


% Included



Cost /Itm

6


This is to replace miscellaneous recreation equipment. This is to maintain the 4 horseshoe pits including sand and sand pit surrounds. Note that creosote treated timbers where the public has contact may not be an acceptable future use of this treated wood.

Tennis Court17000 -

100 - Reseal

14,400 Sq. Ft. Village Green Park 14,400 Square Feet

$0.861

7


% Included



Cost /SqFt

5


This is to reseal and re-stripe the tennis courts.

2- 60'x`120' courts

2014- Major work done at the courts by Color Crafters (775) 831-0388in the amount of $20,400. This included grinding 320' of bumped areas to make level. Filled cracks for 400'. Installed Glassgrid spanning fabric around post sets. Raised headers as needed. Applied 3-coat Novacrylic surfacing system to entire surface.

500 - Resurface

14,400 Sq. Ft. Village Green Park 14,400 Square Feet

$2.53

21


% Included



Cost /SqFt

19


This is to resurface the tennis courts utilizing overlay, color coat and striping.

2- 60'x`120' courts

Landscaping18000 -

100 - Irrigation: Misc.

Grounds 1 Lump Sum

$2,025

2


% Included



Cost /LS

1


This is for miscellaneous irrigation system repair in excess of the operating budget.

2014- $1,800 was expended for 4 pond intake screens.2013- $3,357 was expended for unspecified irrigation.


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Landscaping18000 -

104 - Irrigation: Controllers

Community (10%) 1 Lump Sum

$21,566 $21,566

1


% Included



Cost /LS Qty * $/LS

1


This is to replace the irrigation controllers on a percentage basis as they generally have varying service life. This component assumes moderate replacement of the controllers has occurred but if not, the percentage to include and useful life should be increased. Client input will further define this component.

The 2015 location, count and cost per client is as follows:5- MountainShyre ($250 each)4- Caughlin Creek ($250 each)2- Village Green Park ($600 each)1- Crest Park ($600 each)1- Eastridge Park ($600 each)1- Tennis Lake ($250 each)1- West Entrance ($250 each)1- Water Hole ($250 each)1- Vista ($250 each)3- West Pointe ($250 each)1- Upper Entrance ($250 each)2- Vantage ($250 each)3- Castleridge ($250 each)1- Power Station Buffer ($250 each)3- Traditions ($250 each)2- Seasons ($250 each)2- Creek Ridge North ($250 each)5- Evergreen ($250 each) 1- Scattergun ($250 each)1- Club Lakes ($250 each)1- Lower Entrance ($250 each)3- Cottages ($250 each)8- Greenbelt ($250 each)2- Caughlin Glen ($250 each)5- Mayberry River Run ($250 each)6- Deer Creek ($350 each)16- Planters ($175 each)


920 - Miscellaneous

Pond Maintenance 1 Lump Sum

$5,569

1


% Included



Cost /LS

1


This is for sediment removal, liner repairs, etc. Lakes and ponds are very dynamic and respond dramatically to environmental changes such as drought, temperature, runoff pollutants, and much more. Because lakes and ponds are complex living systems, professional management is necessary and is way beyond our reserve scope. Should client obtain a pond assessment, information received may be entered into the reserve study.

26 ponds in community, 9 are used for irrigation

2015- $1,440 was expended for pond maintenance in 2015 per client 7/28/2016. Cost, useful and remaining life per client 7/10/2015.


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930 - Miscellaneous

7 Irrigation Pump Stations A,N,B,P,E,G,I (50%)

7 Items

$3,645 $25,515

5


% Included




4


This is to maintain the pump stations. As not all equipment will fail simultaneously, this is to replace 50% of the equipment every 5 years.

5 hp pumppump endcontrol boxfilter share- $800

2016- $5,475 was expended for pump repairs to Station A. In 2016, client reports there is a pump in the shop and there were expenses in 2015. A temporary component has been added to the study to have $6,000 per year available every year for any pump needing work, until 2019. In 2020, the normal component remaining life kicks in.

2015- $4,042 approximately was expended for pump repairs to E & I, per client, 7/28/2016. Station A added per client 7/9/2015.

931 - Miscellaneous

Stations A (2016 Only) 1 Lump Sum

$5,475

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $5,475 expended for pump repairs to Station A.

934 - Miscellaneous

4 Irrigation Pump Stations-C,O,H,K (50%) 4 Items

$4,759 $19,035

5


% Included




4


This is to maintain the pump stations. As not all equipment will fail simultaneously, this is to replace 50% of the equipment every 5 years.

7.5 hp pumppump endcontrol boxfilter share- $800

2016- $3,097 was expended to repair pump motor, Station C. In 2016, client reports there is a pump in the shop and there were expenses in 2015. A temporary component has been added to the study to have $6,000 per year available every year for any pump needing work, until 2019. In 2020, the normal component remaining life kicks in.2015- $2,021 approximately was expended for pump repairs to H, per client, 7/28/2016.


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935 - Miscellaneous

Station C (2016 Only) 1 Lump Sum

$3,097

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $3,097 expended to repair pump motor, Station C.

939 - Miscellaneous

All Pumps: Short Term Work to 2019 1 Lump Sum

$6,000

1


% Included


100.00%

Treatment [nr:4]


Cost /LS

0


in 2016, client reports there is a pump in the shop and there were expenses in 2015. This is to have $6,000 per year available every year for any pump needing work, until 2019. In 2020, the normal component remaining life kicks in.

Fencing19000 -

100 - Chain Link: 4'

168 Lin. Ft. Village Green Park Tennis Courts

168 Linear Feet

$11.14

30


% Included



Cost /l.f.

24


This is to replace the 4' chain link fencing.

130 - Chain Link: 10'

520 Lin. Ft. Village Green Park Tennis Courts

520 Linear Feet

$18.23

30


% Included



Cost /l.f.

24


This is to replace the 10' chain link fencing.

990 - Masonry Wall: On-going Maint.

857 Lin. Ft. Along S McCarran Blvd (25%) 857 Linear Feet

$10.13 $8,677

10


% Included



Cost /l.f. Qty * $/l.f.

4


This is for ongoing masonry wall maintenance. Since the core masonry wall useful life exceeds the scope of this thirty year study, this component provides for repair only and not full replacement. Maintenance may include paint touchup, graffiti removal, and vandalism/cracking/leaning repairs.

Located along S McCarran Blvd @ Meadow Glen Ct.

2015- Discussion was held regarding possible expedited wall replacement. This component is designed to maintain, not replace the existing wall. Client input will further define this component.


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Lighting20000 -

280 - Pole Lights

Village Green Park (20%) 1 Lump Sum

$1,013 $1,013

1


% Included



Cost /LS Qty * $/LS

1


This is to replace the 19 pole lights reusing the existing wiring and conduits. The poles should outlast the heads so replacement of the units in total will not be significant. Poles mounted in open, sprinklered park areas may require accelerated replacement. A client provided cost history may further define this component.

In 2015, the lights vary in condition.

2015- Cost, useful and remaining life per client 7/9/2015.

Signage21000 -

792 - Monument

2 Caughlin Pky & Mc Carren 2 Items

$1,013

5


% Included



Cost /Itm

2


This is to replace the 3' x 63' "Caughlin Ranch" painted one side only stucco over CMU custom identity monument signs. This is for maintenance only as the remaining life of the monuments should exceed the scope of this 30 year reserve study

paint- approximately 1,000 sf of painted surfaceslettering- 13 plastic letters with 2 deco pieceslighting- 2 uplights

796 - Monument

Cashell Blvd & Mc Carron Pkwy 1 Items

$1,215

22


% Included



Cost /Itm

17


This is to replace the 3' x 8' "Caughlin Crest" painted carved wood monument sign which is supported by 2, 4" x 6" posts. A client provided cost and placed in service date will further define this component.

In 2015, the sign is need of stain maintenance but is structurally sound. Staining is completed from operating. All six sides of the sign should be kept sealed from moisture intrusion, especially the open grain ends.

800 - Monument

Cashell Blvd & Caughlin Crest Park 1 Items

$1,823

22


% Included



Cost /Itm

7


This is to replace the 3' x 8' "Caughlin Crest" painted carved wood monument sign which is supported by 2, 4" x 6" posts. A client provided cost and placed in service date will further define this component. Cost includes footing repair.

In 2015, the sign is need of cobble footing maintenance to consist of rock replacement and joint pointing. Painting and on-going repair is completed from operating. All six sides of the sign should be kept sealed from moisture intrusion, especially the open grain ends.


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Signage21000 -

804 - Monument

Village Green Park 1 Items

$3,544

22


% Included



Cost /Itm

5


This is to replace the 3' x 8' "Village Green Park" painted wood monument sign which is supported by 2, 6" x 8" posts. Painting and on-going repair is completed from operating. Inflated anticipated cost is to upgrade the quality of the sign. Should client obtain a proposal, information received may be entered into the reserve study.

1- small up light

808 - Monument

2 Caughlin Square & Hampton Ln 2 Items

$3,544

22


% Included



Cost /Itm

11


This is to replace the 2, 4' x 8' "Vantage Point" painted wood monument signs with plastic lettering and metal logo and supported by 4, , 8" x 8" posts each. Painting and on-going repair is completed from operating. Design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

1- up light each

812 - Monument

Village Green Pkwy & Fox Creek Trail 1 Items

$3,544

22


% Included



Cost /Itm

17


This is to replace the, 5' x 6' "Traditions" painted wood monument sign with bronze lettering and supported by 4, 4" x 6" posts. Painting and on-going repair is completed from operating. Design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

816 - Monument

Village Green Pkwy & Sommerville Wy 1 Items

$3,544

22


% Included



Cost /Itm

6


This is to replace the, 2' x 7' "Village Green" painted wood monument sign supported by used brick pilasters. Painting and on-going repair is completed from operating. Design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, the pilasters are in need of pointing, missing brick replacement and efflorescence wash. The sign is in need of painting.


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Signage21000 -

820 - Monument

Village Green Pkwy & Lockerbie Pl 1 Items

$3,544

22


% Included



Cost /Itm

9


This is to replace the, 7' x 27' "Castle Ridge" painted stucco and stone over CMU monument sign. Painting and on-going repair is completed from operating. Design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, stone were loose near the base of the pilasters.

2015- Remaining life from 7 to 10 per client 7/9/2015.2013- $4,560 was expended for new granite sign, repair to the ledgestone and paint.

824 - Monument

Bryce Canyon & Hemlock Way 1 Items

$3,544

22


% Included



Cost /Itm

6


This is to replace the, 7' x 27' "Castle Ridge" painted stucco and stone over CMU monument sign. Painting and on-going repair is completed from operating. Design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, stone were loose near the base of the pilasters.

828 - Monument

S Mc Carron Pkwy & W Plum Ln 1 Lump Sum

$506

5


% Included



Cost /LS

3


This is to maintain the, 6' x 32' "Caughlin Ranch" painted concrete monument sign. Painting and on-going repair is completed from operating. This is for maintenance only as the remaining life of this monument will exceed the scope of this 30 year reserve study.

840 - Monument

2 Mayberry Dr & Eastwood 2 Items

$3,544

22


% Included



Cost /Itm

1


This is to replace the, 2' x 4' "Mayberry Meadows" painted carved wood monument signs on cobble support. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.


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Signage21000 -

844 - Monument

Greensburg Cir & S Mc Carran 1 Items

$3,544

22


% Included



Cost /Itm

1


This is to replace the, 3' x 6' "Westpoint" painted carved wood monument signs on 4" x 4" posts. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, the sign is in poor condition exhibiting delamination and general degradation.

848 - Monument

Caughlin Glen & Caughlin Crossing 1 Items

$3,544

22


% Included



Cost /Itm

7


This is to replace the, 5' x 4' "Caughlin Glenn" painted carved wood monument sign supported by stone faced pilasters. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

1- small up light

852 - Monument

2 Caughlin Pkwy & Kensington Ln 2 Items

$3,544

22


% Included



Cost /Itm

5


This is to replace the, 2' x 6' "Cottages" painted wood monument sign supported by stone faced pilasters and flanked with vinyl fencing. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

856 - Monument

Gaughlin Parkway 1 Items

$3,544

22


% Included



Cost /Itm

1


This is to replace the, 3' x 10' "Juniper Trails" painted wood monument sign supported by a stone support. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, the sign and footing are in very good condition appearing newer.

2015, remaining life from 20 to 1 per client 7/9/2015.


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Signage21000 -

860 - Monument

Plateau Rd & Water Hold Rd 1 Items

$3,544

22


% Included



Cost /Itm

7


This is to replace the, 3' x 8' "Entering Juniper Trails" painted wood monument sign supported by a stone support. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

864 - Monument

Caughlin Pky & Sierra Crest Way 1 Items

$3,544

22


% Included



Cost /Itm

7


This is to replace the, 6' x 8' "Evergreen" painted "can" monument signs on a stone faced support with uplights. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

2015- Quantity amended from 2 to 1 per client 7/9/2015.

868 - Monument

2 Creekridge Trail & Caughlin Pky 2 Items

$3,544

22


% Included



Cost /Itm

11


This is to replace the, 5' x 10' "Creek Ridge" painted stucco monument signs on stone support. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, these monuments are in need of painting and light stucco repair.

872 - Monument

Seasons Trail & Caughlin Pkw 1 Items

$3,544

22


% Included



Cost /Itm

14


This is to replace the, 6' x 16' "Seasons" stone with wood trellis monument. Painting and on-going repair is completed from operating. If replaced, design of the replacement sign may change. Should client obtain a proposal, information received may be entered into the reserve study.

In 2015, the arbor is in need of stain maintenance.


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Signage21000 -

876 - Monument

CRHA Monument Sign 1 Items

$13,000

22


% Included



Cost /Itm

1


This is for the CRHA monument sign.

2016- Per client 7/28/2016, $13,000 anticipated for the CRHA monument sign. Added as a reserve study component. Association input may further define this component.


100 - Miscellaneous

Digital Phone System 1 Lump Sum

$4,050

8


% Included



Cost /LS

1


This is to replace miscellaneous office equipment.

2009- $3,114 was expended per information provided at the 2015 site visit meeting.

110 - Miscellaneous

VMS Software 1 Lump Sum

$16,099

6


% Included



Cost /LS

4


This is to replace the VMS software which replaced the Yardi software in 2014.

200 - Computers, Misc.

HOA Office (50%) 1 Lump Sum

$14,175 $14,175

6


% Included



Cost /LS Qty * $/LS

2


This is to replace computers, printers, scanners and networking equipment as needed.

Computers as follows:5- desk tops2- lap tops (2011 & 2014)2- Ipads (2011 & 2012)

Printers as follow: 1- HP LaserJet P1102W4- HP Office Jet Pro 8600 (purchased in 2014)1- HP LaserJet 1200 series

Miscellaneous equipment:1- laminator GBC H3201- swingline electric punch1- Premier Rapid Fold P7200

2016- $1,010 was expended to replace GM computer, old computer was disposed.2015- $1,189 was expended for new Dell computer (Sandy).


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Server 1 Lump Sum

$5,063

8


% Included



Cost /LS

1



2008- Placed in service per information provided at the 2015 site visit meeting.


GM Computer (2016 Only) 1 Lump Sum

$1,010

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $1,010 was expended to replace GM computer, old computer was disposed.


HOA Office- Savin C9125 Printer/Copier 1 Items

$9,113

6


% Included



Cost /Itm

3



2013- $8,900 was expended.


200 - HVAC

Maintenance Building 1 Items

$1,013

15


% Included



Cost /Itm

7


This is to replace the Tcore HVAC system. It is possible that sub-components of this system can be replaced or rebuilt to extend its life.

Furnishings24000 -

620 - Modular Office Desk

4 HOA Office 4 Items

$1,823

15


% Included



Cost /Itm

11


This is for a modular desk system including a desk, hutches and partitions.

2012- $3,445 was expended for some replacements.


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Furnishings24000 -

900 - Miscellaneous

HOA Folding Tables & Meeting Chairs 1 Lump Sum

$4,556

10


% Included



Cost /LS

6


This is to replace miscellaneous furnishings.

1- 4' folding table- Client added 8/6/15.3- 8' folding tables4- 6' folding tables20- folding chairs40- meeting chairs- Client reduced qty from 43 to 40; 8/6/15.

906 - Miscellaneous

HOA Office 1 Lump Sum

$30,375

12


% Included



Cost /LS

8


This is to replace the miscellaneous furnishings.

1- draft table1- draft table chair- Client added 8/6/15.2- conference table- Client added 1 on 8/1/15.6- conference table chairs4- guest chairs2- large soft chairs1- love seat2- dining tables1- end table1- sofa table3- book cabinet- Client added 2 on 8/6/15.15- task chairs

File cabinets are as follows:1- 2 drawer- Client reduced by 4 on 8/6/15.7- 4 drawer5- 5 drawer1- 2 drawer safe- Client added 8/6/15.

910 - Window Coverings

HOA Office 1 Lump Sum

$13,163

15


% Included



Cost /LS

11


This is to replace the window coverings.

12- window blinds ($1,800 in 2012) Client added 4 on 8/6/15.12- soft shades2- vertical blinds11- valances- Client added 2 8/6/15.


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300 - PA System

HOA Office- Public Address System 1 Lump Sum

$1,013

10


% Included



Cost /LS

6


This is to replace the public address system including the microphones, stands and miscellaneous equipment.

900 - Miscellaneous

HOA Office- Projector & Screen 1 Lump Sum

$1,013

10


% Included



Cost /LS

7


This is to replace the View Sonic Projector and screen.



700 - Security System

Village Green Park 1 Lump Sum

$15,188

6


% Included



Cost /LS

4


This is to replace the security system.

2014- $14,853 was expended for a new security system.


100 - Tot Lot: Play Equipment

Village Green Park 1 Lump Sum

$20,250

20


% Included



Cost /LS

9


This is to replace the tot lot play equipment. Client should stay current with changing requirements for safe tot lots. Safety surface is funded from operating. A client provided cost and placed in service year will further define this component.

3 play structures 2 swing sets- 1- 4 seat and 1- 2 seat

2015- Per client in July 2015, the cost, based on other purchases should be $20,000, not the $70,000 previously used.


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Eastridge Park 1 Items

$18,225

20


% Included



Cost /Itm

17


This is to replace the tot lot play equipment. Client should stay current with changing requirements for safe tot lots. Safety surface is funded from operating. A client provided cost and placed in service year will further define this component.

2015- Remaining life from 12 to 18 per client 7/9/2015.2013- $8,000 was expended for upgrades, paint and install swings. 2012- $4,200 was expended for repairs.


Caughlin Crest Park 1 Lump Sum

$31,859

20


% Included



Cost /LS

0


This is to replace the wood tot lot play structure. This tot lot may not meet current safety standards.

In 2015, this wood structure exhibits splintering wood and is leaning.

2016- $31,859 was expended to replace play set. Per client 7/28/2016, the City of Reno will refund Caughlin Ranch HOA for replacement of the play set and the Vitriturf. 2015- Cost from $18,000 to $22,000 and remaining life from 2018 to 2016 per client 7/9/2015.2013- $1,500 was expended for new swings.

140 - Tot Lot: Safety Surface

Caughlin Crest Park 1 Lump Sum

$35,306

10


% Included



Cost /LS

0


This is to replace the play area impact absorbing safety surface (Vitriturf). Tears, cracks and other damage should be patched immediately.

2016- $35,306 was expended for Vitriturf pour in place rubber safety surface. Added as a reserve study component. Per client 7/28/2016, the City of Reno will refund Caughlin Ranch HOA for replacement of the play set and the Vitriturf. Added as a reserve study component.

200 - Pedestal Grill BBQ

3 Village Green Park 3 Items

$304

15


% Included



Cost /Itm

9


This is to replace the pedestal grill BBQ's. Includes shipping and installation.


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204 - Pedestal Grill BBQ

2 Caughlin Crest Park 2 Items

$304

15


% Included



Cost /Itm

12


This is to replace the pedestal grill BBQ's. Includes shipping and installation.

218 - Barbecue

Village Green Park- Masonry BBQ 1 Items

$506

8


% Included



Cost /Itm

1


This is to maintain the barbecue. Maintenance may include grill and metal grill cover replacement, metal door replacement and block repair and pointing. The masonry structural support should exceed the 30 year scope of the reserve study with possible on-going repair.

In 2015, the grill is in need of repair and replacement exhibiting loss of attachment to the rear support and a worn cooking grid.

300 - Benches

Caughlin Crest Park 1 Items

$608

12


% Included



Cost /Itm

7


This is to replace the coated bench.

306 - Benches


$608

12


% Included



Cost /Itm

5


This is to replace the Plastisol coated expanded metal benches.

In 2015, damage, probably skateboard caused, was observed on the tables and benches.

2015- Quantity from 8 to 4 per client 7/9/2015.

312 - Picnic Table: Metal


$1,519

20


% Included



Cost /Itm

9


This is to replace the Plastisol coated expanded metal picnic tables over a 5 year period.

In 2015, damage, probably skateboard caused, was observed on the tables and benches.


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3 Eastridge Park 3 Items

$1,418

20


% Included



Cost /Itm

14


This is to replace the Plastisol coated expanded metal picnic tables.

2015- $650 anticipated expenditure per client 7/10/2015


3 Trails & Roadside 3 Items

$1,418

20


% Included



Cost /Itm

14


This is to replace the Plastisol coated expanded metal picnic tables.

380 - Garbage Receptacles

6 Village Green- Coated Containers (50%) 6 Items

$709 $4,253

7


% Included




4


This is to replace the coated garbage containers.

384 - Garbage Receptacles

Caughlin Crest Park 1 Items

$304

15


% Included



Cost /Itm

12


This is to replace the drum garbage containers with slats that were installed thru operating.

480 - Drinking Fountain


$3,544

20


% Included



Cost /Itm

13


This is to replace the Haws drinking fountains.

In 2015, areas of rust rot were observed.

2015- 2029 remaining life per client 7/9/2015.


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$3,544

20


% Included



Cost /Itm

15


This is to replace the Haws drinking fountains.

2015- 1 fountain deleted per client as a duplicate.In 2015, areas of rust rot were observed.


900 - Miscellaneous

Baseball Field Arched Backstop & Benches 1 Lump Sum

$12,150

30


% Included



Cost /LS

19


This is to maintain the ball field amenities.

1- 48' arch style backstop2- 15' aluminum benches

2015- $1,800 anticipated for unknown work per client 7/10/2015.

904 - Miscellaneous

Village Green Park- Ampitheater Canvas Awning

1 Items

$20,301

7


% Included



Cost /Itm

5


This is to replace the Eickleberger canvas awning.

2016- $3,370 was expended to add lights to awning.2014- $20,050 was expended.

905 - Miscellaneous

Awning Lights (2016 Only) 1 Lump Sum

$3,370

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $3,370 expended to add lights to awning.


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Appliances27000 -

200 - Refrigerator

HOA Office 1 Items

$1,519

15


% Included



Cost /Itm

8


This is to replace the refrigerator.


248 - Ice Machine

Maintenace Yard Shop 1 Items

$3,906

15


% Included



Cost /Itm

0


This is to replace the Manitowoc/IY0304A commercial ice machine.

2016- $3,906 was expended to purchase new Manitowoc/IY0304A ice machine.


710 - Maintenance Equipment

AUSA Utility Vehicle 1 Items

$8,079

15


% Included



Cost /Itm

0


This is to replace the Ausa/M 50 x 4 utility vehicle.

2016- $8,079 was expended for a new AUSA utility vehicle.2015- The community owned 4 total Cushman 2 have been replace with a Kawasaki Mule ATV. One Daihatsu Cushman will also not be replaced per client.2015- Cost to $8,000 from $2,500 and 2016 remaining life per client 7/9/2015.2003- Placed in service.

712 - Tractor

Riding Tractor Mower- Scagg/Kawasaki-15HP

1 Items

$4,123

9


% Included



Cost /Itm

0


This is to replace the Kohler Turf Tiger 29 HP mower tractor with a Riding Tractor Mower- Scagg/Kawasaki-15HP

2016- Riding Tractor Mower- Scagg/Kawasaki-15HP placed in service.2014- Placed in service.


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714 - Tractor

Riding Tractor Mower- Scagg/Turf Tigerlo 1 Items

$13,092

9


% Included



Cost /Itm

0


This is to replace the Exmark Lazer Z mower tractor with the Scagg/Turf Tigerlo model.

2016- Scagg/Turf Tigerlo placed in service.

716 - Tractor


1 Items

$4,123

9


% Included



Cost /Itm

0


This is to replace the Bob-Cat Textron riding mower tractor with a Scagg/Kawasaki-15HP.

2016- Scagg/Kawasaki-15HP placed in service.2001- Placed in service.

718 - Tractor


1 Items

$4,123

9


% Included



Cost /Itm

0


This is to replace the Ransomes mower tractor with the Riding Tractor Mower- Scagg/Kawasaki-15HP.

2016- Riding Tractor Mower- Scagg/Kawasaki-15HP placed in service.2015- Cost reduced from $20,000 to $14,000 per client 7/9/2015. 2007- Placed in service.


Seedair Air Compressor 1 Items

$1,215

10


% Included



Cost /Itm

1


This is to replace the air compressor equipment.



3 Truck Safety Cages 3 Items

$4,556

30


% Included



Cost /Itm

17


This is to replace the truck safety cages.

2015- Quantity from 2 to 3 with useful life to 30 and remaining life to 2033 per client 7/9/2015. 2008- 2010- Placed in service.


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Snow Plow Attachment 1 Items

$4,556

20


% Included



Cost /Itm

1


This is to replace the snow plow attachment.


Electric Seeder 1 Items

$1,013

15


% Included



Cost /Itm

0


This is to replace the electric seeder.

2016- $1,013 was expended. Added as a reserve study component. As a repair/cost history evolves, this component will be further defined.


5 Truck Side Tool Boxes 5 Items

$957

18


% Included



Cost /Itm

7


This is to replace the truck side tool boxes.

2016- $957 was expended for a Top Sider tool box. Changed quantity from 5 to 6.


Top Sider Tool Box (2016 Only) 1 Lump Sum

$957

1


% Included


100.00%

Treatment [nr:1]

$957Total Cost/Study

Cost /LS

0


This is for the $957 expended for a Top Sider tool box.


4 Walk-Behind Mowers- Racer 4 Items

$4,809

12


% Included



Cost /Itm

1


This is to replace the mower.

2016- $1,724 was expended for a Toro Turfmaster/22210 lawnmower.2015- $19,000 anticipated expenditure to replace per client 7/10/2015. 2007- Placed in service.


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Turfmaster Lawnmower (2016 Only) 1 Lump Sum

$1,724

1


% Included


100.00%

Treatment [nr:1]


Cost /LS

0


This is for the $1,724 expended for a Toro Turfmaster/22210 lawnmower.


3 Backpack Blowers- 2013 & 2014 3 Items

$608

5


% Included



Cost /Itm

2


This is to replace the backpack blower.

2014- 1 was replaced.2013- 2 was replaced


2 Backpack Blowers- 2011 2 Items

$608

5


% Included



Cost /Itm

1


This is to replace the backpack blowers.



2 Hedge Trimmers 2 Items

$967

10


% Included



Cost /Itm

1


This is to replace the Stihl hedge trimmers.


2015- 2017 remaining life per client.


14 Weed Eaters- String Trimmers (50%) 14 Items

$506 $7,088

2


% Included




1


This is to replace the weed eaters.

2015- $3,500 every other year for equipment replacement per client 7/9/2015.


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2 Chainsaw- Stihl 28" Bar 2 Items

$717

7


% Included



Cost /Itm

6


This is to replace the chainsaw.

2015- $1,433 was expended for two replacement Stihl chainsaws per client 7/28/2016. Quantity changed from 1 to 2 per client 7/9/2015. 2011- Placed in service.


2 Chainsaw- Stihl 16" Bar 2 Items

$717

7


% Included



Cost /Itm

2


This is to replace the chainsaw.

2015- Quantity from 1 to 2 per client 7/9/2015. 2011- Placed in service.


2 Grinders 2 Items

$810

10


% Included



Cost /Itm

5


This is to replace the grinders.

1- bench mount1- hand held



Generator- Dayton 1 Items

$759

15


% Included



Cost /Itm

1


This is to replace the Dayton 4000 generator.



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Power Washer- Honda 1 Items

$1,013

2


% Included



Cost /Itm

1


This is to replace the power washer.



Tailgate Sand & Salt Spreader 1 Items

$4,050

20


% Included



Cost /Itm

16


This is to replace the sand and salt spreader.



Sod Cutter- Ryan 1 Items

$4,050

10


% Included



Cost /Itm

3


This is to replace the Ryan sod cutter.



Snow Blowers- Toro 1 Items

$1,721

5


% Included



Cost /Itm

1


This is to replace the Toro snow blowers.



Snow Blowers- Toro 1 Items

$1,721

5


% Included



Cost /Itm

3


This is to replace the Toro snow blowers.



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Snow Blower- Track Drive 1 Items

$3,746

5


% Included



Cost /Itm

3


This is to replace the track drive snow blower.

860 - Trailer

3 Water Tank Trailers w/Pump 3 Items

$2,531

20


% Included



Cost /Itm

1


This is to replace the water tank trailers with pump.

2015- Cost and 2017 remaining life per client 7/9/2015. 1996- Placed in service.

862 - Trailer

4 Trailers 4 Items

$2,025

20


% Included



Cost /Itm

14


This is to replace the trailers.

1985 utility trailer license # 00748S 1996 mowing trailer license # 23634W1997 dump trailer license # 23628W2007 planter trailer license # 23627W

864 - Tractor

Skid Steer- Bobcat S220 1 Items

$42,525

15


% Included



Cost /Itm

9


This is to replace the Bobcat Skid Steer.

2015- 2025 remaining life per client 7/9/2015.2006- Placed in service.

866 - Tractor

Backhoe-Deere 1 Items

$42,525

20


% Included



Cost /Itm

14


This is to replace the backhoe.

2015- 2030 remaining life per client 7/9/2015. 2011- Placed in service.


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Airless Paint Spayer- GM3000 1 Items

$1,215

12


% Included



Cost /Itm

6


This is to replace the paint sprayer.



Kawasaki Mule UTV 2510 1 Items

$8,100

10


% Included



Cost /Itm

7


This is for the Kawasaki Mule UTV.

2015- $8,000 cost per client 7/9/2015. 2013- $5,443 was expended for replacement (used).

874 - Maintenance Truck

2004 Ford F350 1 Items

$35,438

11


% Included



Cost /Itm

5


This is to replace the 2004 Ford F350 dump truck for the landscape crew.License plate #499RWH.

2015- Decrease useful life from 2021 to 2015 and cost from $35,000 to $25,000 per client 7/10/2015. 2015- Increase useful life to 2021 per client 7/9/2015.2004- Placed in service.


2003 Ford Ranger 4x4 1 Items

$25,313

13


% Included



Cost /Itm

2


This is to replace the 2003 Ford Ranger 4x4 maintenance truck that pulls the sand and salt spreader.License plate # 657RAX.

2015- 2018 remaining life per client 7/9/2015. 2003- Placed in service.


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2005 Ford Ranger 1 Items

$25,313

12


% Included



Cost /Itm

3


This is to replace the 2005 Ford Ranger maintenance truck for irrigation crew.License plate # 360SFB.




$25,313

12


% Included



Cost /Itm

4


This is to replace the 2006 Ford Ranger maintenance truck for landscape crew.License plate # 282TAD.



2007 Ford F-150 1 Items

$25,313

12


% Included



Cost /Itm

3


This is to replace the 2007 Ford F-150 maintenance truck for the mowing crew.License plate# 191UXT.




$25,313

10


% Included



Cost /Itm

4


This is to replace the 2010 Ford Ranger maintenance truck for the irrigation crew.License plate # 796XAL.



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$25,313

10


% Included



Cost /Itm

4


This is to replace the 2011 Ford Ranger maintenance truck for the supervisor.License plate # 693XHY.



2012 Ford Escape 1 Items

$10,125

9


% Included



Cost /Itm

6


This is to replace the 2012 Ford Escape maintenance truck for the staff.License plate # 143LHH.

2015- $10,000 anticipated from a $20,000 total with a $10,000 trade in per client. 2022 remaining life per client 7/9/2015.2013- Placed in service.


2013 Ford F150 Super Crew 4x4 1 Items

$31,388

12


% Included



Cost /Itm

6


This is to replace the 2013 Ford F150 Super Crew 4x4 maintenance truck. This vehicle is an addition to the fleet for the planter crew. License plate # 054LRP.

2015- Added back in study per client 8/6/15. 2015- 2022 remaining life per client 7/9/2015. Deleted per client 7/9/2015.2014- Placed in service.


2014 Ford F150 Supercrew 4x4 1 Items

$33,172

15


% Included



Cost /Itm

13


This is to replace the 2014 Ford F150 Supercrew 4x4, 6 1/2 bed maintenance truck.License plate # 768AWE.



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Truck Fleet Maintenance 1 Lump Sum

$16,706

1


% Included



Cost /LS

1


This is for truck fleet maintenance.

2015- $6,000 to $16,500 cost per client 7/10/2015.2014- $3,770 was expended.2013- $17,285 was expended.

902 - Miscellaneous

Christmas Lights, Wreaths & Batteries 1 Items

$5,721

8


% Included



Cost /Itm

5


This is for the Christmas lights, wreaths & batteries.



Ongoing 1 Items

$10,000

1


% Included



Cost /Itm

0


Added by association in late 2015, this is for a yearly amount for miscellaneous equipment for the association.

2016- $7,808 was expended for maintenance through July 2016. Per client increased yearly amount to $10,000.2015- $2,850 was expended for equipment maintenance March-December 2015, per client 7/28/2016.


3-Wheel Office Tricycle 1 Items

$1,418

8


% Included



Cost /Itm

5


This is for the 3 wheeled battery operated office tricycle.



120 - 5 Year Update with Site Visit

Reserve Study 1 Items

$3,800

5


% Included



Cost /Itm

4


This is to have a professional reserve study prepared for the association as required by NRS. This is for the 5 year complete reserve study which includes a visual observation of the accessible reserve components the association is obligated to maintain.


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Section VII

Component Tabular Listing 2016 Final


Included Components

CurrentReplacement Cost

UsefulLife

RemainingLife Quantity

Cost/U of MComponent LocationTreatment

Paving01000 -

130 - Asphalt: State Spec. Slurry 170,542 $.39/SqFt6$66,511 0 [nr:1] Type II in 2016


138 - Asphalt: State Spec. Slurry 143,980 $.39/SqFt6$56,152 2 [nr:2] Type II in 2018 and 2024




174 - Asphalt: State Spec. Slurry 181,202 $.39/SqFt6$70,669 15 Type II in 2031 and Ongoing



199 - Asphalt: Ongoing Repairs 7,981 $3.95/SqFt1$31,525 0 [nr:1] Full Depth HMA Patch 2018

200 - Asphalt: Ongoing Repairs 123,456 $5.00/SqFt6$18,518 1 (3%) [nr:1] Full Depth HMA Patch 2017





230 - Asphalt: Ongoing Repairs 181,202 $5.00/SqFt6$22,650 21 (3%) Full Depth HMA Patch 2037



340 - Asphalt: Overlay 48,868 $1.75/SqFt25$85,519 6 1.5" HMA OL- 2022




406 - Asphalt: Crackfill 5,040 $1.07/SqFt1$5,385 0 [nr:1] 2016 Only

410 - Asphalt: Crackfill 1 $5,000/LS1$5,000 1 [nr:12] Ongoing Per Year Until 2028

414 - Asphalt: Crackfill 1 $5,000/LS1$5,000 18 Ongoing Per Year Starting in 2034

760 - Bollards 4 $559/Itm30$2,236 0 Village Green Parking Lot

980 - Consulting/Engineering 1 $5,000/LS1$5,000 1 Ongoing

981 - Consulting/Engineering 1 $14,900/LS1$14,900 0 [nr:1] 2016 Only


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Component Tabular Listing

2016 Final


Included Components

Concrete02000 -

220 - Miscellaneous 21,131 $16.20/SqFt8$3,423 1 (1%) Various Areas

221 - Miscellaneous 1 $1,596/LS1$1,596 0 [nr:1] Various Areas (2016 Only)


120 - Surface Restoration 1,536 $.37/SqFt5$570 4 Maintenance Building

450 - Wood Fencing 500 $.61/SqFt5$304 1 Maintenance Yard Perimeter


200 - Wood: Siding & Trim 1,536 $8.10/SqFt40$12,442 25 Maintenance Building

800 - Wood: Gazebo Repairs 1 $1,013/LS10$1,013 8 Village Green Park BBQ Area- Maintain

910 - Building Maintenance 1 $3,038/LS30$3,038 19 Village Green- Log Play Cabin

912 - Doors 2 $1,215/Itm18$2,430 15 Maintenance Building Roll Up Doors

914 - Doors 3 $1,215/Itm25$3,645 9 Village Green Park- Restroom Bldg

Roofing05000 -


14 $506/Sqrs25$7,088 21 Maintenance Bldg- Comp & Metal Roofing


4 $506/Sqrs25$2,025 7 Maintenance Carport Structure


8 $405/Sqrs30$3,240 9 Village Green Park- Shade Structure


6 $405/Sqrs25$2,430 23 Village Green- Restroom Bldg

Rehab08000 -

226 - Restrooms 2 $5,063/Itm10$5,063 4 (50%) Village Green Restroom Bldg

227 - Restrooms 1 $1,186/LS1$1,186 0 [nr:1] Key Pad (2016 Only)

Recreation14000 -

900 - Miscellaneous 4 $253/Itm10$1,013 6 Village Green- Horseshoe Pits

Tennis Court17000 -

100 - Reseal 14,400 $.86/SqFt7$12,393 5 Village Green Park

500 - Resurface 14,400 $2.53/SqFt21$36,450 19 Village Green Park

Landscaping18000 -

100 - Irrigation: Misc. 1 $2,025/LS2$2,025 1 Grounds

104 - Irrigation: Controllers 1 $21,566/LS1$2,157 1 (10%) Community


920 - Miscellaneous 1 $5,569/LS1$5,569 1 Pond Maintenance

930 - Miscellaneous 7 $3,645/Itm5$12,758 4 (50%) Irrigation Pump Stations A,N,B,P,E,G,I

931 - Miscellaneous 1 $5,475/LS1$5,475 0 [nr:1] Stations A (2016 Only)


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2016 Final


Included Components


934 - Miscellaneous 4 $4,759/Itm5$9,518 4 (50%) Irrigation Pump Stations-C,O,H,K

935 - Miscellaneous 1 $3,097/LS1$3,097 0 [nr:1] Station C (2016 Only)

939 - Miscellaneous 1 $6,000/LS1$6,000 0 [nr:4] All Pumps: Short Term Work to 2019

Fencing19000 -

100 - Chain Link: 4' 168 $11.14/l.f.30$1,871 24 Village Green Park Tennis Courts

130 - Chain Link: 10' 520 $18.23/l.f.30$9,477 24 Village Green Park Tennis Courts

990 - Masonry Wall: On-going Maint. 857 $10.13/l.f.10$2,169 4 (25%) Along S McCarran Blvd

Lighting20000 -

280 - Pole Lights 1 $1,013/LS1$203 1 (20%) Village Green Park

Signage21000 -

792 - Monument 2 $1,013/Itm5$2,025 2 Caughlin Pky & Mc Carren

796 - Monument 1 $1,215/Itm22$1,215 17 Cashell Blvd & Mc Carron Pkwy

800 - Monument 1 $1,823/Itm22$1,823 7 Cashell Blvd & Caughlin Crest Park

804 - Monument 1 $3,544/Itm22$3,544 5 Village Green Park

808 - Monument 2 $3,544/Itm22$7,088 11 Caughlin Square & Hampton Ln

812 - Monument 1 $3,544/Itm22$3,544 17 Village Green Pkwy & Fox Creek Trail

816 - Monument 1 $3,544/Itm22$3,544 6 Village Green Pkwy & Sommerville Wy

820 - Monument 1 $3,544/Itm22$3,544 9 Village Green Pkwy & Lockerbie Pl

824 - Monument 1 $3,544/Itm22$3,544 6 Bryce Canyon & Hemlock Way

828 - Monument 1 $506/LS5$506 3 S Mc Carron Pkwy & W Plum Ln

840 - Monument 2 $3,544/Itm22$7,088 1 Mayberry Dr & Eastwood

844 - Monument 1 $3,544/Itm22$3,544 1 Greensburg Cir & S Mc Carran

848 - Monument 1 $3,544/Itm22$3,544 7 Caughlin Glen & Caughlin Crossing

852 - Monument 2 $3,544/Itm22$7,088 5 Caughlin Pkwy & Kensington Ln

856 - Monument 1 $3,544/Itm22$3,544 1 Gaughlin Parkway

860 - Monument 1 $3,544/Itm22$3,544 7 Plateau Rd & Water Hold Rd

864 - Monument 1 $3,544/Itm22$3,544 7 Caughlin Pky & Sierra Crest Way

868 - Monument 2 $3,544/Itm22$7,088 11 Creekridge Trail & Caughlin Pky

872 - Monument 1 $3,544/Itm22$3,544 14 Seasons Trail & Caughlin Pkw

876 - Monument 1 $13,000/Itm22$13,000 1 CRHA Monument Sign


100 - Miscellaneous 1 $4,050/LS8$4,050 1 Digital Phone System

110 - Miscellaneous 1 $16,099/LS6$16,099 4 VMS Software

200 - Computers, Misc. 1 $14,175/LS6$7,088 2 (50%) HOA Office


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Caughlin Ranch HOA


2016 Final


Included Components


200 - Computers, Misc. 1 $5,063/LS8$5,063 1 Server

201 - Computers, Misc. 1 $1,010/LS1$1,010 0 [nr:1] GM Computer (2016 Only)

204 - Computers, Misc. 1 $9,113/Itm6$9,113 3 HOA Office- Savin C9125 Printer/Copier


200 - HVAC 1 $1,013/Itm15$1,013 7 Maintenance Building

Furnishings24000 -

620 - Modular Office Desk 4 $1,823/Itm15$7,290 11 HOA Office

900 - Miscellaneous 1 $4,556/LS10$4,556 6 HOA Folding Tables & Meeting Chairs

906 - Miscellaneous 1 $30,375/LS12$30,375 8 HOA Office

910 - Window Coverings 1 $13,163/LS15$13,163 11 HOA Office


300 - PA System 1 $1,013/LS10$1,013 6 HOA Office- Public Address System

900 - Miscellaneous 1 $1,013/LS10$1,013 7 HOA Office- Projector & Screen


700 - Security System 1 $15,188/LS6$15,188 4 Village Green Park


100 - Tot Lot: Play Equipment 1 $20,250/LS20$20,250 9 Village Green Park

104 - Tot Lot: Play Equipment 1 $18,225/Itm20$18,225 17 Eastridge Park

108 - Tot Lot: Play Equipment 1 $31,859/LS20$31,859 0 Caughlin Crest Park

140 - Tot Lot: Safety Surface 1 $35,306/LS10$35,306 0 Caughlin Crest Park

200 - Pedestal Grill BBQ 3 $304/Itm15$911 9 Village Green Park

204 - Pedestal Grill BBQ 2 $304/Itm15$608 12 Caughlin Crest Park

218 - Barbecue 1 $506/Itm8$506 1 Village Green Park- Masonry BBQ

300 - Benches 1 $608/Itm12$608 7 Caughlin Crest Park

306 - Benches 4 $608/Itm12$2,430 5 Village Green Park

312 - Picnic Table: Metal 10 $1,519/Itm20$15,188 9 Village Green Park

320 - Picnic Table: Metal 3 $1,418/Itm20$4,253 14 Eastridge Park

324 - Picnic Table: Metal 3 $1,418/Itm20$4,253 14 Trails & Roadside

380 - Garbage Receptacles 6 $709/Itm7$2,126 4 (50%) Village Green- Coated Containers

384 - Garbage Receptacles 1 $304/Itm15$304 12 Caughlin Crest Park

480 - Drinking Fountain 1 $3,544/Itm20$3,544 13 Village Green Park

484 - Drinking Fountain 1 $3,544/Itm20$3,544 15 Village Green Park

900 - Miscellaneous 1 $12,150/LS30$12,150 19 Baseball Field Arched Backstop & Benches

904 - Miscellaneous 1 $20,301/Itm7$20,301 5 Village Green Park- Ampitheater Canvas Awning


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UsefulLife



Caughlin Ranch HOA


2016 Final


Included Components


905 - Miscellaneous 1 $3,370/LS1$3,370 0 [nr:1] Awning Lights (2016 Only)

Appliances27000 -

200 - Refrigerator 1 $1,519/Itm15$1,519 8 HOA Office

248 - Ice Machine 1 $3,906/Itm15$3,906 0 Maintenace Yard Shop


710 - Maintenance Equipment 1 $8,079/Itm15$8,079 0 AUSA Utility Vehicle

712 - Tractor 1 $4,123/Itm9$4,123 0 Riding Tractor Mower- Scagg/Kawasaki-15HP

714 - Tractor 1 $13,092/Itm9$13,092 0 Riding Tractor Mower- Scagg/Turf Tigerlo



720 - Maintenance Equipment 1 $1,215/Itm10$1,215 1 Seedair Air Compressor

722 - Maintenance Equipment 3 $4,556/Itm30$13,669 17 Truck Safety Cages

724 - Maintenance Equipment 1 $4,556/Itm20$4,556 1 Snow Plow Attachment

726 - Maintenance Equipment 1 $1,013/Itm15$1,013 0 Electric Seeder

810 - Maintenance Equipment 5 $957/Itm18$4,785 7 Truck Side Tool Boxes

811 - Maintenance Equipment 1 $957/LS1$957 0 [nr:1] Top Sider Tool Box (2016 Only)

825 - Maintenance Equipment 4 $4,809/Itm12$19,238 1 Walk-Behind Mowers- Racer

826 - Maintenance Equipment 1 $1,724/LS1$1,724 0 [nr:1] Turfmaster Lawnmower (2016 Only)

826 - Maintenance Equipment 3 $608/Itm5$1,823 2 Backpack Blowers- 2013 & 2014

828 - Maintenance Equipment 2 $608/Itm5$1,215 1 Backpack Blowers- 2011

830 - Maintenance Equipment 2 $967/Itm10$1,934 1 Hedge Trimmers

832 - Maintenance Equipment 14 $506/Itm2$3,544 1 (50%) Weed Eaters- String Trimmers

834 - Maintenance Equipment 2 $717/Itm7$1,433 6 Chainsaw- Stihl 28" Bar

836 - Maintenance Equipment 2 $717/Itm7$1,433 2 Chainsaw- Stihl 16" Bar

838 - Maintenance Equipment 2 $810/Itm10$1,620 5 Grinders

840 - Maintenance Equipment 1 $759/Itm15$759 1 Generator- Dayton

842 - Maintenance Equipment 1 $1,013/Itm2$1,013 1 Power Washer- Honda

844 - Maintenance Equipment 1 $4,050/Itm20$4,050 16 Tailgate Sand & Salt Spreader

846 - Maintenance Equipment 1 $4,050/Itm10$4,050 3 Sod Cutter- Ryan

848 - Maintenance Equipment 1 $1,721/Itm5$1,721 1 Snow Blowers- Toro

850 - Maintenance Equipment 1 $1,721/Itm5$1,721 3 Snow Blowers- Toro

852 - Maintenance Equipment 1 $3,746/Itm5$3,746 3 Snow Blower- Track Drive

860 - Trailer 3 $2,531/Itm20$7,594 1 Water Tank Trailers w/Pump

862 - Trailer 4 $2,025/Itm20$8,100 14 Trailers


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UsefulLife



Caughlin Ranch HOA


2016 Final


Included Components


864 - Tractor 1 $42,525/Itm15$42,525 9 Skid Steer- Bobcat S220

866 - Tractor 1 $42,525/Itm20$42,525 14 Backhoe-Deere

870 - Maintenance Equipment 1 $1,215/Itm12$1,215 6 Airless Paint Spayer- GM3000

872 - Maintenance Equipment 1 $8,100/Itm10$8,100 7 Kawasaki Mule UTV 2510

874 - Maintenance Truck 1 $35,438/Itm11$35,438 5 2004 Ford F350

876 - Maintenance Truck 1 $25,313/Itm13$25,313 2 2003 Ford Ranger 4x4

878 - Maintenance Truck 1 $25,313/Itm12$25,313 3 2005 Ford Ranger


882 - Maintenance Truck 1 $25,313/Itm12$25,313 3 2007 Ford F-150



888 - Maintenance Truck 1 $10,125/Itm9$10,125 6 2012 Ford Escape

890 - Maintenance Truck 1 $31,388/Itm12$31,388 6 2013 Ford F150 Super Crew 4x4

892 - Maintenance Truck 1 $33,172/Itm15$33,172 13 2014 Ford F150 Supercrew 4x4

900 - Maintenance Truck 1 $16,706/LS1$16,706 1 Truck Fleet Maintenance

902 - Miscellaneous 1 $5,721/Itm8$5,721 5 Christmas Lights, Wreaths & Batteries

990 - Maintenance Equipment 1 $10,000/Itm1$10,000 0 Ongoing

998 - Maintenance Equipment 1 $1,418/Itm8$1,418 5 3-Wheel Office Tricycle


120 - 5 Year Update with Site Visit 1 $3,800/Itm5$3,800 4 Reserve Study


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Caughlin Ranch HOA

Section VII-a

Expenditures by Year - Next 5 Years2016 Final


Reserve Component

Life

Useful Replacement Cost

Current Forecast

Inflated Cost @ 1.25%

2016Paving01000 -


66,5116


31,5251


5,3851


2,23630


14,9001

120,557Total 01000 - Paving: 120,557

Concrete02000 -


1,5961

Rehab08000 -


1,1861



5,4751


3,0971


6,0001

14,572Total 18500 - Lakes / Ponds: 14,572



1,0101



31,85920


35,30610


3,3701

70,535Total 26000 - Outdoor Equipment: 70,535

Appliances27000 -


3,90615



8,07915


4,1239


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Reserve Component

Life


Current Forecast


Caughlin Ranch HOA

Expenditures by Year- Next 5 Years

2016 Final


2016Miscellaneous30000 -


13,0929


4,1239


4,1239


1,01315


9571


1,7241


10,0001

47,234Total 30000 - Miscellaneous: 47,234

260,596Total 2016:

2017Paving01000 -


48,1486 48,750


18,5186 18,750


5,0001 5,063


5,0001 5,063

77,626Total 01000 - Paving: 76,666

Concrete02000 -


3,4238 3,466



3045 308

Landscaping18000 -


2,0252 2,050


2,1571 2,184

4,234Total 18000 - Landscaping: 4,182



5,5691 5,638


6,0001 6,075


Lighting20000 -


2031 205


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Reserve Component

Life


Current Forecast


Caughlin Ranch HOA


2016 Final


2017Signage21000 -


7,08822 7,176


3,54422 3,588


3,54422 3,588


13,00022 13,163

27,515Total 21000 - Signage: 27,176



4,0508 4,101


5,0638 5,126

9,227Total 22000 - Office Equipment: 9,113



5068 513



1,21510 1,230


4,55620 4,613


19,23812 19,478


1,2155 1,230


1,93410 1,958


3,5442 3,588


75915 769


1,0132 1,025


1,7215 1,743


7,59420 7,689


16,7061 16,915


10,0001 10,125


205,170202,637Total 2017:

2018Paving01000 -


56,1526 57,565


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Reserve Component

Life


Current Forecast


Caughlin Ranch HOA


2016 Final


2018Paving01000 -


21,5976 22,140


5,0001 5,126


5,0001 5,126

89,957Total 01000 - Paving: 87,749

Landscaping18000 -


2,1571 2,211



5,5691 5,709


6,0001 6,151


Lighting20000 -


2031 208

Signage21000 -


2,0255 2,076



7,0886 7,266



1,8235 1,868


1,4337 1,469


25,31313 25,949


16,7061 17,127


10,0001 10,252


170,243166,066Total 2018:

2019Paving01000 -


5,0001 5,190


5,0001 5,190

10,380Total 01000 - Paving: 10,000

Landscaping18000 -


2,0252 2,102


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Reserve Component

Life


Current Forecast


Caughlin Ranch HOA


2016 Final


2019Landscaping18000 -


2,1571 2,239

4,341Total 18000 - Landscaping: 4,182



5,5691 5,780


6,0001 6,228


Lighting20000 -


2031 210

Signage21000 -


5065 525



9,1136 9,459



3,5442 3,678


1,0132 1,051


4,05010 4,204


1,7215 1,787


3,7465 3,888


25,31312 26,274


25,31312 26,274


16,7061 17,341


10,0001 10,380


131,800126,979Total 2019:

2020Paving01000 -


5,0001 5,255


5,0001 5,255

10,510Total 01000 - Paving: 10,000


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Reserve Component

Life


Current Forecast


Caughlin Ranch HOA


2016 Final


2020Painting: Exterior03000 -


5705 599

Rehab08000 -


5,06310 5,320

Landscaping18000 -


2,1571 2,266



5,5691 5,852


12,7585 13,407


9,5185 10,002


Fencing19000 -


2,16910 2,280

Lighting20000 -


2031 213



16,0996 16,919



15,1886 15,961



2,1267 2,235



25,31312 26,602


25,31310 26,602


25,31310 26,602


16,7061 17,557


10,0001 10,509




3,8005 3,994

197,430187,865Total 2020:


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Caughlin Ranch HOA

Section X

Notes to the Auditor

2016 Final


This report is intended to assist the auditor while preparing the audit, review or compilation of Caughlin Ranch HOA’s (the "Association") financial documents.

Browning Reserve Group ("BRG") prepared a reserve study for the Association during the 2016 fiscal year. This was done to help determine the Association's reserve contribution for the next fiscal year (2017) and future fiscal years. In addition, BRG prepared the proper statutory disclosures for distribution to the Association members.

This reserve study is an Update w/o Site Visit Review. An Update Without Site-Visit Review is an update with no on-site visual observation upon where the following tasks are performed:

⦁ life and valuation estimates;

⦁ fund status;

⦁ and a funding plan. Please note, as this study update did not require a site visit, and

relied completely on the information provided, it is possible BRG has never visited

Caughlin Ranch HOA.

For BRG reserve studies, the year in which the study is being conducted, is the first year of the study. For example, this study is being prepared during 2016 and is the Association’s first year in the study. This enables BRG to use a starting point which ties to the last audited financial statement, December 31, 2015. You will notice in Section III, Reserve Fund Balance Forecast, a Beginning Reserve Balance of $815,916 is being used which ties to the last completed audit or review of the Association’s financial statements. BRG then re-builds the first year of the study, in this case 2016, and estimates an ending reserve fund balance. Again, see Section III and the 2016 ending reserve balance estimate of $714,827.

“Re-building” the first year of the study as mentioned above simply means using the 2016 adopted budget for the 2016 reserve contribution. Finally, the 2016 reserve expenses both actual and projected are estimated.

We find by using the above method a more accurate reserve study is possible because the beginning reserve fund balance ties directly to the Association’s audited financial statement or, in the absence of an audit or review, the year end balance sheet. There is no need to rely on others for determining mid year reserve balances or estimating current year ending reserve balances. This approach forces all involved, to look at the current year’s reserve fund activities so a more accurate ending reserve fund balance can be estimated.


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Caughlin Ranch HOA

Notes to the Auditor

2016 Final


With respect to the reserve component Percent Funded values on the next page(s), here are the calculations:

FFB = Year Cost X Year Effective Age / Useful Life

% Funded = Year Estimated Ending Reserve Balance / Year FFB

Please see Section V - Reserve Fund Balance Forecast.



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Caughlin Ranch HOA

Schedule of Supplementary Information for Auditor Component Method

2016 Final


Current

Repl. Cost

Useful

Life

Remaining

Life

2017 Line Item

Contribution


2017 Fully

Funded

BalanceReserve Component

2016 Fully

Funded

Balance

01000 - Paving


170,542 Sq. Ft. Type II in 2016[nr:1]66,511 6 0 0066,511


123,456 Sq. Ft. Type II in 2017[nr:1]48,148 6 1 5,49948,75040,123


56,152 6 2 6,49447,37837,435


51,610 6 6 5,37607,373


44,026 6 7 4,0636,3685,503


19,059 6 9 1,4432,1441,906


70,669 6 15 3,6024,7704,417


44,026 6 16 2,1382,7862,590


143,980 Sq. Ft. Type II in 2033 and Ongoing56,152 6 17 2,6083,3443,120


31,525 1 0 0031,525


123,456 Sq. Ft. Full Depth HMA Patch 2017 (3%)[nr:1]18,518 6 1 2,11518,75015,432


21,597 6 2 2,49818,22214,398


26,467 6 6 2,75703,781


112,886 Sq. Ft. Full Depth HMA Patch 2023 (4%)[nr:1]22,577 6 7 2,0843,2662,822


28,796 6 8 2,3923,6443,200


22,650 6 21 9051,0921,030


14,111 6 22 546649614


17,998 6 23 675792750


85,519 25 6 2,49469,27064,994


231,585 25 12 7,278131,308120,424


197,551 25 13 6,286104,01094,824


251,965 25 14 8,117122,455110,865


5,040 Sq. Ft. 2016 Only[nr:1]5,385 1 0 005,385


5,000 1 1 1,7135,0632,500


Ongoing Per Year Starting in 20345,000 1 18 223281263


2,236 30 0 50752,236


Ongoing5,000 1 1 1,7135,0632,500


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Current Repl. Cost

UsefulLife

RemainingLife

2017 Line ItemContribution

based on

Cash Flow Method

2017 Fully Funded BalanceReserve Component


Caughlin Ranch HOA

Schedule of Supplementary Information for AuditorComponent Method

2016 Final


01000 - Paving


2016 Only[nr:1]14,900 1 0 0014,900

02000 - Concrete


3,423 8 1 2933,4662,995


1,596 1 0 001,596

03000 - Painting: Exterior

120 - Surface Restoration

1,536 Sq. Ft. Maintenance Building570 5 4 81231114

450 - Wood Fencing

500 Sq. Ft. Maintenance Yard Perimeter304 5 1 42308243

04000 - Structural Repairs


12,442 40 25 2875,0394,666


1,013 10 8 76308203


3,038 30 19 871,2301,114


2,430 18 15 110547405


3,645 25 9 1102,5102,333

05000 - Roofing


14 Squares- Maintenance Bldg- Comp & Metal Roofing7,088 25 21 2491,4351,134


4 Squares- Maintenance Carport Structure2,025 25 7 601,5581,458


8 Squares- Village Green Park- Shade Structure3,240 30 9 822,4062,268


6 Squares- Village Green- Restroom Bldg2,430 25 23 88295194

08000 - Rehab


5,063 10 4 3603,5883,038


1,186 1 0 001,186

14000 - Recreation


1,013 10 6 74513405

17000 - Tennis Court


12,393 7 5 1,2755,3783,541


36,450 21 19 1,4885,2723,471

18000 - Landscaping


2,025 2 1 6942,0501,013


2,157 1 1 7392,1841,078


920 - Miscellaneous

Pond Maintenance5,569 1 1 1,9085,6382,784

930 - Miscellaneous

7 Irrigation Pump Stations A,N,B,P,E,G,I (50%)12,758 5 4 1,8155,1672,552

931 - Miscellaneous

Stations A (2016 Only)[nr:1]5,475 1 0 005,475

934 - Miscellaneous

4 Irrigation Pump Stations-C,O,H,K (50%)9,518 5 4 1,3543,8551,904


3,097 1 0 003,097


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Current Repl. Cost

UsefulLife

RemainingLife


based on

Cash Flow Method



Caughlin Ranch HOA


2016 Final



939 - Miscellaneous

All Pumps: Short Term Work to 2019[nr:4]6,000 1 0 4,0616,0756,000

19000 - Fencing


1,871 30 24 57442374


9,477 30 24 2882,2391,895

990 - Masonry Wall: On-going Maint.

857 Lin. Ft. Along S McCarran Blvd (25%)2,169 10 4 1541,5371,302

20000 - Lighting

280 - Pole Lights

Village Green Park (20%)203 1 1 69205101

21000 - Signage


2,025 5 2 2811,6401,215


1,215 22 17 46336276


1,823 22 7 611,3421,243


3,544 22 5 1162,9362,738


7,088 22 11 2503,9143,544


3,544 22 17 135979805

816 - Monument

Village Green Pkwy & Sommerville Wy3,544 22 6 1172,7732,577


3,544 22 9 1222,2832,094

824 - Monument

Bryce Canyon & Hemlock Way3,544 22 6 1172,7732,577


506 5 3 71308203


7,088 22 1 2217,1766,765

844 - Monument

Greensburg Cir & S Mc Carran3,544 22 1 1103,5883,383

848 - Monument

Caughlin Glen & Caughlin Crossing3,544 22 7 1192,6092,416


7,088 22 5 2325,8715,477


3,544 22 1 1103,5883,383


3,544 22 7 1192,6092,416


3,544 22 7 1192,6092,416


7,088 22 11 2503,9143,544


3,544 22 14 1301,4681,289


13,000 22 1 40513,16312,409


100 - Miscellaneous

Digital Phone System4,050 8 1 3474,1013,544

110 - Miscellaneous

VMS Software16,099 6 4 1,9098,1505,366


7,088 6 2 8205,9804,725


Server5,063 8 1 4345,1264,430


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Current Repl. Cost

UsefulLife

RemainingLife


based on

Cash Flow Method



Caughlin Ranch HOA


2016 Final




GM Computer (2016 Only)[nr:1]1,010 1 0 001,010


HOA Office- Savin C9125 Printer/Copier9,113 6 3 1,0676,1514,556

23000 - Mechanical Equipment


1,013 15 7 50615540

24000 - Furnishings

620 - Modular Office Desk

4 HOA Office7,290 15 11 3772,4601,944

900 - Miscellaneous

HOA Folding Tables & Meeting Chairs4,556 10 6 3322,3071,823


30,375 12 8 1,89212,81410,125


13,163 15 11 6814,4423,510

24500 - Audio / Visual


1,013 10 6 74513405


1,013 10 7 75410304

24600 - Safety / Access


15,188 6 4 1,8017,6895,063



Village Green Park20,250 20 9 76612,30211,138


18,225 20 17 7623,6912,734


Caughlin Crest Park31,859 20 0 1,0781,61331,859


35,306 10 0 2,3903,57535,306


911 15 9 46431365


608 15 12 32164122


506 8 1 43513443


608 12 7 37308253


2,430 12 5 1461,6401,418


15,188 20 9 5759,2268,353


4,253 20 14 1711,5071,276


4,253 20 14 1711,5071,276


2,126 7 4 2161,230911


304 15 12 168261


Village Green Park3,544 20 13 1411,4351,240


Village Green Park3,544 20 15 1441,076886

900 - Miscellaneous

Baseball Field Arched Backstop & Benches12,150 30 19 3474,9214,455


20,301 7 5 2,0898,8095,800

905 - Miscellaneous 3,370 1 0 003,370


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UsefulLife

RemainingLife


based on

Cash Flow Method



Caughlin Ranch HOA


2016 Final



Awning Lights (2016 Only)[nr:1]

27000 - Appliances

200 - Refrigerator

HOA Office1,519 15 8 76820709

248 - Ice Machine

Maintenace Yard Shop3,906 15 0 1762643,906



AUSA Utility Vehicle8,079 15 0 3655458,079

712 - Tractor

Riding Tractor Mower- Scagg/Kawasaki-15HP4,123 9 0 3104644,123

714 - Tractor

Riding Tractor Mower- Scagg/Turf Tigerlo13,092 9 0 9851,47313,092


4,123 9 0 3104644,123


4,123 9 0 3104644,123


1,215 10 1 831,2301,094


13,669 30 17 3816,4585,923


4,556 20 1 1564,6134,328


1,013 15 0 46681,013


5 Truck Side Tool Boxes4,785 18 7 1963,2302,924


957 1 0 00957


4 Walk-Behind Mowers- Racer19,238 12 1 1,09919,47817,634


1,823 5 2 2531,4761,094


1,724 1 0 001,724


2 Backpack Blowers- 20111,215 5 1 1671,230972


2 Hedge Trimmers1,934 10 1 1331,9581,740


3,544 2 1 1,2143,5881,772


1,433 7 6 149415205


1,433 7 2 1421,2441,024


1,620 10 5 117984810


759 15 1 35769709


1,013 2 1 3471,025506


4,050 20 16 1671,025810


Sod Cutter- Ryan4,050 10 3 2853,2812,835


Snow Blowers- Toro1,721 5 1 2361,7431,377


Snow Blowers- Toro1,721 5 3 2421,046689


3,746 5 3 5262,2761,499

860 - Trailer 7,594 20 1 2607,6897,214


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Current Repl. Cost

UsefulLife

RemainingLife


based on

Cash Flow Method



Caughlin Ranch HOA


2016 Final



3 Water Tank Trailers w/Pump

862 - Trailer

4 Trailers8,100 20 14 3262,8702,430


42,525 15 9 2,14620,09317,010


42,525 20 14 1,71315,07012,758


Airless Paint Spayer- GM30001,215 12 6 74718608


Kawasaki Mule UTV 25108,100 10 7 5983,2812,430


2004 Ford F35035,438 11 5 2,32022,83319,330


25,313 13 2 1,35123,65721,418


25,313 12 3 1,48221,35718,984


25,313 12 4 1,50019,22216,875


25,313 12 3 1,48221,35718,984


25,313 10 4 1,80117,94015,188


25,313 10 4 1,80117,94015,188


2012 Ford Escape10,125 9 6 8204,5563,375


31,388 12 6 1,90718,53815,694


2014 Ford F150 Supercrew 4x433,172 15 13 1,7596,7174,423


16,706 1 1 5,72416,9158,353


5,721 8 5 5152,8962,145


Ongoing10,000 1 0 6,76810,12510,000


3-Wheel Office Tricycle1,418 8 5 128718532

31000 - Reserve Study


3,800 5 4 5411,539760

Totals 1,161,285 154,6502,531,940

[B]

57.95%Percent Funded

[EndBal]

[B]

1,242,224

[A]

57.54%

[EndBal]

[A]


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10/14/2016 December 31

Caughlin Ranch HOA

Section XI

Glossary

2016 Final


of Reserve Study Terms

Terms & Definitions CAI

CASH FLOW METHOD: A method of developing a Reserve Funding Plan where

contributions to the Reserve fund are designed to offset the variable annual expenditures from the Reserve fund. Different Reserve Funding Plans are tested against the anticipated schedule of Reserve expenses until the desired Funding Goal is achieved.

COMPONENT INVENTORY: The task of selecting and quantifying Reserve Components.

This task can be accomplished through on-site visual observations, review of association design and organizational documents, a review of established association precedents, and discussion with appropriate representative(s) of the association or cooperative.

COMPONENT METHOD: A method of developing a Reserve Funding Plan where the total

contribution is based on the sum of contributions for individual components. See “Cash Flow Method.

COMPONENT: The individual line items in the Reserve Study, developed or updated in the

Physical Analysis. These elements form the building blocks for the Reserve Study. Components typically are: 1) Association responsibility, 2) with limited Useful Life expectancies, 3) predictable Remaining Useful Life expectancies, 4) above a minimum threshold cost, and 5) as required by local codes.

CONDITION ASSESSMENT: The task of evaluating the current condition of the

component based on observed or reported characteristics.

CURRENT REPLACEMENT COST: See “Replacement Cost."

DEFICIT: An actual (or projected) Reserve Balance less than the Fully Funded Balance.

The opposite would be a Surplus.

EFFECTIVE AGE: The difference between Useful Life and Remaining Useful Life. Not

always equivalent to chronological age, since some components age irregularly. Used primarily in computations.

FINANCIAL ANALYSIS: The portion of a Reserve Study where current status of the

Reserves (measured as cash or Percent Funded) and a recommended Reserve contribution rate (Reserve Funding Plan) are derived, and the projected Reserve income and expense over time is presented. The Financial Analysis is one of the two parts of a Reserve Study.


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Caughlin Ranch HOA

Glossaryof Reserve Study Terms

2016 Final


FULLY FUNDED BALANCE (FFB): Total Accrued Depreciation. An indicator against which

Actual (or projected) Reserve balance can be compared. The Reserve balance that is in direct proportion to the fraction of life “used up” of the current Repair or Replacement cost. This number is calculated for each component, then summed together for an association total. Two formulae can be utilized, depending on the provider’s sensitivity to interest and inflation effects. Note: Both yield identical results when interest and inflation are equivalent.

FFB = Current Cost X Effective Age / Useful Life

or

FFB = (Current Cost X Effective Age / Useful Life) + [(Current Cost X Effective Age / Useful Life) / (1 + Interest Rate) ^ Remaining Life] -[(Current Cost X Effective Age / Useful Life) / (1 + Inflation Rate) ^ Remaining Life]

FULLY FUNDED: 100% Funded. When the actual (or projected) Reserve balance is equal

to the Fully Funded Balance.

FUND STATUS: The status of the reserve fund as compared to an established benchmark

such as percent funding.

FUNDING GOALS: Independent of methodology utilized, the following represent the basic

categories of Funding Plan goals:

Baseline Funding: Establishing a Reserve funding goal of keeping the Reserve cash balance above zero.

Full Funding: Setting a Reserve funding goal of attaining and maintaining Reserves at or near 100% funded.

Statutory Funding: Establishing a Reserve funding goal of setting aside the specific minimum amount of Reserves required by local statues.

Threshold Funding: Establishing a Reserve funding goal of keeping the Reserve balance above a specified dollar or Percent Funded amount. Depending on the threshold, this may be more or less conservative than “Fully Funding."

FUNDING PLAN: An association’s plan to provide income to a Reserve fund to offset

anticipated expenditures from that fund.

FUNDING PRINCIPLES:

⦁ Sufficient Funds When Required

⦁ Stable Contribution Rate over the Years

⦁ Evenly Distributed Contributions over the Years

⦁ Fiscally Responsible

LIFE AND VALUATION ESTIMATES: The task of estimating Useful Life, Remaining

Useful Life, and Repair or Replacement Costs for the Reserve components.

PERCENT FUNDED: The ratio, at a particular point of time (typically the beginning of the

Fiscal Year), of the actual (or projected) Reserve Balance to the Fully Funded Balance, expressed as a percentage.

PHYSICAL ANALYSIS: The portion of the Reserve Study where the Component Inventory,

Condition Assessment, and Life and Valuation Estimate tasks are performed. This represents one of the two parts of the Reserve Study.


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2016 Final


REMAINING USEFUL LIFE (RUL): Also referred to as “Remaining Life” (RL). The

estimated time, in years, that a reserve component can be expected to continue to serve its intended function. Projects anticipated to occur in the initial year have “zero” Remaining Useful Life.

REPLACEMENT COST: The cost of replacing, repairing, or restoring a Reserve Component

to its original functional condition. The Current Replacement Cost would be the cost to replace, repair, or restore the component during that particular year.

RESERVE BALANCE: Actual or projected funds as of a particular point in time that the

association has identified for use to defray the future repair or replacement of those major components which the association is obligated to maintain. Also known as Reserves, Reserve Accounts and Cash Reserves. Based upon information provided and not audited.

RESERVE PROVIDER: An individual that prepares Reserve Studies.

RESERVE STUDY: A budget planning tool which identifies the current status of the

Reserve fund and a stable and equitable Funding Plan to offset the anticipated future major common area expenditures. The Reserve Study consists of two parts: the Physical Analysis and the Financial Analysis.

RESPONSIBLE CHARGE: A reserve specialist in responsible charge of a reserve study

shall render regular and effective supervision to those individuals performing services which directly and materially affect the quality and competence rendered by the reserve specialist. A reserve specialist shall maintain such records as are reasonably necessary to establish that the reserve specialist exercised regular and effective supervision of a reserve study of which he was in responsible charge. A reserve specialist engaged in any of the following acts or practices shall be deemed not to have rendered the regular and effective supervision required herein:

1. The regular and continuous absence from principal office premises from which professional services are rendered; except for performance of field work or presence in a field office maintained exclusively for a specific project;

2. The failure to personally inspect or review the work of subordinates where necessary and appropriate;

3. The rendering of a limited, cursory or perfunctory review of plans or projects in lieu of an appropriate detailed review;

4. The failure to personally be available on a reasonable basis or with adequate advance notice for consultation and inspection where circumstances require personal availability.

SPECIAL ASSESSMENT: An assessment levied on the members of an association in

addition to regular assessments. Special Assessments are often regulated by governing documents or local statutes.

SURPLUS: An actual (or projected) Reserve Balance greater than the Fully Funded

Balance. See “Deficit.”

USEFUL LIFE (UL): Total Useful Life or Depreciable Life. The estimated time, in years,

that a reserve component can be expected to serve its intended function if properly constructed in its present application or installation.

The above terms and definitions are from the Community Associations Institute (CAI) national standards.


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2016 Final


Terms & Definitions BRG

Browning Reserve Group reserve studies use several terms that are unique to our reports. Our specialized systems have been developed to offer flexibility in many areas of our reporting. Please see below for definitions of abbreviations and symbols used in many of our reserve studies.

NR-1 (LIMITED RECURRENCE, 1 TIME): This signifies a major reserve component

recurs for only a fixed number of cycles. Most often used to display a cost in a specific year only, NR-1 signifies the component only occurs one time. An NR-2 means the component will display for two cycles and so on. This makes it easy to enter one-time costs that pop up from time to time, or to display a cost that may be unique at one replacement date only.

SE-2 (SPREAD EVENLY OVER 2 YEARS): This signifies the major component, when

replaced is spread evenly over 2 or more years. For example if a component will be replaced in year 8 of the study, and there is a SE-2, then the component will be replaced over 2 years, year 8 and year 9. Although the component is split over 2 or more years, each subsequent year will increase by the study’s inflation factor. An SE-3 signifies the component is split over three years and so on.

NSE-2 (SPREAD NON-EVENLY OVER 2 YEARS): Similar to above, but the spread is not

equal in each year. The spread is entered at a different amount for each year in the spread. The total of the spread will always equal 100% of the total replacement cost, excluding inflation.

% (PERCENT TO INCLUDE): This signifies that the component is being replaced at less

than 100 percent of its replacement cost or quantity. Perhaps a component is replaced partially at each replacement year. Another example would be to do a small portion of the work at each replacement year. Oftentimes wood fencing is replaced over several cycles, and the study will display a percentage of the fence at each replacement cycle.

DELAYED START (REMAINING LIFE GREATER THAN USEFUL): In many instances a

component's replacement cycle may not begin immediately, so the replacement cycle start is delayed. Delay is accomplished by setting the remaining life greater than the useful life.

ZERO REMAINING LIFE: Zero remaining life signifies that the component is replaced in

the year which the study is prepared. All replacements are reflected in their replacement year, and the year in which the study is prepared is no different than any other year.


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RESERVE STUDY

Member Distribution Materials

2016 Final




Clarity from Complexity

Section Report Page

Nevada: Member Summary 1

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October 14, 2016

Caughlin Ranch HOA

Nevada Member Summary 2016 Final


This is a summary of the Reserve Study that has been performed for Caughlin Ranch HOA, (the "Association"). This study was conducted in compliance with Nevada NRS 116.31151 and NRS 116.31152 and is being provided to you as a member of the Association. A full copy is available (through the Association) for review by members of the Association.

The intention of the Reserve Study is to forecast the Association's ability to repair or replace major components as they wear out in future years. This is done utilizing the "Cash Flow Method." This is a method of developing a reserve funding plan where the contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund.

Browning Reserve Group prepared this Update w/o Site Visit Review for the January 1, 2017 - December 31, 2017 fiscal year.

Caughlin Ranch HOA is a Planned Community with a total of 2,201 Units.

At the time this summary was prepared, the assumed long-term before-tax interest rate earned on reserve funds was 1.25% per year, and the assumed long-term inflation rate to be applied to major component repair and replacement costs was 1.25% per year.

The Reserve Study is not an engineering report, and no destructive testing was performed. The costs outlined in the study are for budgetary and planning purposes only, and actual bid costs would depend upon the defined scope of work at the time repairs are made. Also, any latent defects are excluded from this report.

This reserve study was produced under the responsible charge of Robert W Browning who, pursuant to Nevada regulation R145-06, is a Nevada Reserve Study Specialist (RSS #5).

Funding Assessment




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RemainingLife

UsefulLife

Current Replacement

CostReserve Component

2017Fully

Funded Balance

2017Line Item

Contributionbased on

Cash Flow Method

2016Fully

Funded Balance

Caughlin Ranch HOA

Nevada Member Summary

2016 Final


599,483 73,06901000 - Paving 1,464,731 1-30 0-23 661,419

3,466 29302000 - Concrete 5,019 1-8 0-1 4,591

538 12303000 - Painting: Exterior 874 5-5 1-4 357

9,633 67004000 - Structural Repairs 22,567 10-40 8-25 8,720

5,694 47805000 - Roofing 14,783 25-30 7-23 5,054

3,588 36008000 - Rehab 6,249 1-10 0-4 4,224

513 7414000 - Recreation 1,013 10-10 6-6 405

10,650 2,76317000 - Tennis Court 48,843 7-21 5-19 7,012

4,234 1,43318000 - Landscaping 4,182 1-2 1-1 2,091

20,735 9,13818500 - Lakes / Ponds 42,416 1-5 0-4 21,811

4,218 49919000 - Fencing 13,517 10-30 4-24 3,571

205 6920000 - Lighting 203 1-1 1-1 101

65,879 3,13221000 - Signage 85,900 5-22 1-17 60,770

29,507 4,57622000 - Office Equipment 42,421 1-8 0-4 23,631

615 5023000 - Mechanical Equipment

1,013 15-15 7-7 540

22,024 3,28324000 - Furnishings 55,384 10-15 6-11 17,402

923 14924500 - Audio / Visual 2,025 10-10 6-7 709

7,689 1,80124600 - Safety / Access 15,188 6-6 4-4 5,063

54,029 9,17126000 - Outdoor Equipment 179,733 1-30 0-19 111,264

1,084 25227000 - Appliances 5,425 15-15 0-8 4,615

315,040 42,72730000 - Miscellaneous 516,658 1-30 0-17 298,115

1,539 54131000 - Reserve Study 3,800 5-5 4-4 760

Totals $1,161,285

57.9%Percent Funded

$154,650$2,531,940

$672,930Estimated Ending Balance $5.86/Unit/month @ 2201

$1,242,224

57.5%

$714,827


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