| Account | 2009 Budget | 2008 Budget | Comments pertain to 2009 Budget | |||
| INCOME | ||||||
| Replacement Reserve Allocation | 45101 | $296,936 | $254,196 | From 2009 operating funds based on Table 3.1 of the 07/18/07 Condition Assessment and Reserve Fund Plan Update 2007 provided by Mason & Mason Capital Reserve Analysts, Inc. but reduced slightly to limit increase in monthly assessment. | ||
| Replacement Reserve Interest | 45102 | 50,964 | 33,200 | |||
| Total Income | $347,900 | $287,396 | ||||
| PROJECTED EXPENSES | ||||||
| Storm Water Drainage System & Riparian Restoration (From 2007) | 35,000 | Mason & Mason Table 2 Component No. 3.11 (2007) | ||||
| Streambank & Pond Eval. (From 2007) | 10,000 | Mason & Mason Table 2 Component No. 3.16 (2007) | ||||
| Landscape Irrigation System Allowance | 1,609 | Mason & Mason Table 2 Component No. 3.7 (2009) | ||||
| Office furn & equip 50% replacement | 13,405 | Mason & Mason Table 2 Component No. 4.11 (2009) | ||||
| Audio/video 50% replacement | 16,086 | Mason & Mason Table 2 Component No. 4.21 (2009) | ||||
| Fire detect/alarm system replacement | 4,611 | Mason & Mason Table 2 Component No. 4.23 (2009) | ||||
| Replace color coat on tennis courts | 10,724 | Mason & Mason Table 2 Component No. 5.2 (2009) | ||||
| Total Expenses | $91,435 | $58,039 | ||||
| 2009 Replacement Reserve Net Change | $256,465 | $229,357 | ||||
| Replacement Reserve 2008 - 2009 Summary | ||||||
| Audited RR Balance on 12/31/07 | 756,030 | |||||
| 2008 Planned Contribution | 254,196 | |||||
| 2008 Extra Contribution | 120,000 | From insurance & part of Villas' $58,838 payment | ||||
| 2008 Interest (estimated) | 41,342 | |||||
| 2008 RR expenses (estimated) | (33,211) | |||||
| RR Balance on 31 December 2008 (est.) | $1,138,357 | |||||
| M & M Requirement on 31 Dec 2008 | 1,050,792 | |||||
| 2009 RR Net Change (est.) | 256,465 | |||||
| RR Balance on 31 December 2009 (est.) | $1,394,822 | |||||
| M & M Requirement on 31 Dec 2009 | 1,303,548 | $91,274 excess to help offset 3.5% inflation estimate | ||||