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Financial
The Association's reserve fund, funding plan, and scheduled reserve projects.
Reserve Fund
As of January 1, 2023, the starting point of the reserve study
The fully funded balance is the amount the reserve study calculates the Association should have on hand, based on the age, remaining useful life, and replacement cost of each component. Percent funded compares the reserve balance to that amount.
Source: 2023 reserve study by GeoReserves, draft December 16, 2022. The full study is on the Documents page.
Funding Plan
| Plan | Monthly | Annual |
|---|---|---|
| Current reserve contribution Budgeted contribution at the time of the 2023 study | $7,500.00 | $90,000.00 |
| Fully Funded Plan (recommended), 2026 | $14,857.00 | $178,282.00 |
| Baseline Funding Plan (minimum), 2026 | $11,087.00 | $133,046.00 |
Scheduled Reserve Projects, 2026 to 2028
| Due | Component | Est. cost | Status |
|---|---|---|---|
| 2028 | Misc. Building Surfaces - Repaint/Repair | $50,952.00 | Scheduled |
| 2028 | Stucco Siding - Repaint/Repair | $339,678.00 | Scheduled |
Due years and estimated costs (adjusted for inflation) are from the reserve study. Status is updated by management. The study schedules no reserve projects in 2026 or 2027.
Owners may request the Association's financial statements and budget with a Document Request, or ask a question with an Accounting Question.