Full Reserve StudyFor
The Cottages at Winding CreekCondominium Association
St. Augustine, Florida
Prepared for FY 2017
Report Date: November 29, 2016Revision I
November 29, 2016
Mr. Steven SheremetaAssociation ManagerSovereign and Jacobs461 A1A Beach Blvd.St. Augustine, Florida 32080
Re: Reserve Study Report for The Cottages at Winding Creek Condominium Association
Dear Mr. Sheremeta:
Community Advisors is pleased to provide this Revised Reserve Study report for the above referencedAssociation. We have completed the adjustments you requested and have updated your funding plan. Werecommend updating your study every 2-3 years to keep your information current with changing replacementcost, interest and inflation rates.
It has been a pleasure serving you and please let me know if you have any questions or concerns.
Respectively submitted,
Charles R. Sheppard RS PRA CCIProfessional Reserve Analyst
10459 Hunters Creek CourtJacksonville, Fl. 32256(904) 303-3275www.communityadvisors.com
TABLE OF CONTENTSThe Cottages at Winding Creek Condominium Association
PART I EXECUTIVE SUMMARY
Cash Flow Method Summary 1-1
PART II FINANCIAL PLAN
Cash Flow Funding Plan 2-1Annual Asset Expenditure Charts 2-2Cash Flow 2-3
PART III EXPENDITURES
Asset Current Cost by Category 3-1Annual Expenditure Detail 3-2
PART IV COMPONENT INVENTORY & INFORMATION
Component Detail Index 4-1Component Inventory 4-6Component Detail 4-11
PART V METHODOLOGY & ASSUMPTIONS
Methodology 5-1Definitions 5-3General Assumptions 5-5
PART VI TERMS OF SERVICE
Terms of Service 6-1
PART VII - COMPANY PROFILE
Company Information 7-1Credentials 7-2
Report NavigationYour report has been prepared by a Reserve Analyst certified by both CAI and APRA and includes information about yourcomponents, financial status and provides a plan for future capital replacement cost. In order to easily understand thisreport we recommend you focus on the following sections.
⦁ Table of Contents will guide you to each section
⦁ The Executive Summary provides a snap-shot of your information that includes inflation and interestrates, annual increases to assessment, reserve fund beginning balance and required contributions. Alsoin the body of the page is a property description and other important information.
⦁ Project Assumptions contains information specific to your property.
⦁ Funding Plan is your financial plan for the future and includes replacement cost, necessarycontributions, interest earned, expenditures, year ending reserve balance, fully funded reserves andpercent funded.
⦁ Annual Asset Expenditure Charts provide a graphic illustration of expenditures and assessments. Wetry and make the assessments moderate and fairly level over time with some increases.
⦁ Funding Modes vs Fully Funded chart is a graphic illustration of how your funding plan compares to afully funded level.
⦁ Cash Flow is a 30 year statement that provides both income and expense information to quickly findwhen expenditures occur and the resulting financial status of your reserves.
⦁ Asset Current Cost by Category chart indicates where the replacement cost occur by category such aspainting, paving and roofing.
⦁ Annual Expenditure Detail provides a year to year list of your projected expenditures. This is a goodsection to review each year when preparing your budgets.
⦁ Component Inventory contains a list of your components, remaining useful life and quantities wedetermined from our site visit and other means of measurement.
⦁ Component Detail Index allows quick access to the detail we have included for each componentsseparated into categories.
⦁ Component Detail provides a listing of each component, quantities or allowances and photographs ofmajor ones.
⦁ Methodology - Terms of Service – Company Profile are our Disclosure sections with information aboutour assumptions, methods of work, what we agree to do and our credentials.
The Cottages at Winding Creek Condominium Association Project Assumptions
Assumptions
⦁ This report has based on information furnished by Management and tax records. We conducted our ownsite visit and condition assessment.
⦁ Tax records indicate all buildings were completed in 2007. Upon review of this report we will revise thecompletion dates furnished by the Association.
⦁ Pond fountain sizes are unknown.
⦁ No wells were discovered.
Components not included in this analysis
⦁ Utility lines to buildings
⦁ Water, sewer risers in buildings
⦁ Water sewer lines to units
⦁ Electrical and communication cables or panels
⦁ Drainage pipe or structures
⦁ Pond dredging
⦁ Building frame or foundation
⦁ Lanai screen or enclosures
⦁ Building trim
⦁ Pool shell
Components Funded by Operational Budget
⦁ Irrigation pipe and devices
⦁ Interior painting
⦁ Misc. Signage
⦁ Keycards for pool access
The Cottages at Winding Creek Condominium AssociationSt. Augustine, Florida
Cash Flow Method Summary
Community Advisors, LLCPAGE 1-1
Report Date November 28, 2016
Version Revision IBudget Year Beginning January 01, 2017Budget Year Ending December 31, 2017
Total Units 184
Report Parameters
Inflation 3.00%Annual Assessment Increase 3.50%Interest Rate on Reserve Deposit 0.50%
2017 Beginning Balance $397,816
The Cottages at Winding Creek Condominium Association is located in St. Augustine, Florida and has asits major components, fencing, gates, streets, pool, and cabana. Components observed appear in fair togood condition with exceptions noted in this report.
The funding goal for the Association is adequate funding using the Cash Flow Funding Method todetermine required contributions. Some components may be repaired to extend their remaining useful lifeand which results in changes to the current funding plan. The recommended funding plan is located onpage 2-1 which provides adequate funding assuming proper maintenance and annual updates to thisstudy. Regular updates include changes in component condition, interest rates and reserve fund balances.
Cash Flow Funding Method is based on the remaining useful life and replacement cost of majorcomponents and does consider inflation, contribution increases and interest on invested funds.
Current Assessment Funding Model Summary of Calculations
Required Annual Contribution $140,000.00$760.87 per unit annually
Average Net Annual Interest Earned $2,407.33Total Annual Allocation to Reserves $142,407.33
$773.95 per unit annually
The Cottages at Winding Creek Condominium Association Cash Flow Funding Plan
Community Advisors, LLCPAGE 2-1
Beginning Balance: $397,816Projected
Current Annual Annual Annual EndingYear Cost Contribution Interest Expenditures Reserves
2017 1,893,741 140,000 2,407 56,350 483,8732018 1,950,553 144,900 2,864 55,980 575,6572019 2,009,070 149,971 3,607 4,244 724,9922020 2,069,342 155,221 4,322 15,845 868,6892021 2,131,422 160,653 5,105 8,441 1,026,0062022 2,195,365 166,276 5,369 118,489 1,079,1612023 2,261,226 172,096 5,873 76,598 1,180,5322024 2,329,062 178,119 6,459 66,844 1,298,2672025 2,398,934 184,353 7,002 82,150 1,407,4722026 2,470,902 190,806 7,614 75,481 1,530,4112027 2,545,029 197,484 1,333 1,461,369 267,8582028 2,621,380 204,396 2,334 5,537 469,0502029 2,700,021 211,550 1,561 368,468 313,6932030 2,781,022 218,954 2,335 65,658 469,3232031 2,864,453 226,617 2,936 108,801 590,0762032 2,950,386 234,549 3,661 92,465 735,8202033 3,038,898 242,758 4,457 87,216 895,8192034 3,130,065 251,255 5,286 89,832 1,062,5272035 3,223,967 260,048 6,489 24,685 1,304,3802036 3,320,686 269,150 7,802 13,151 1,568,1812037 3,420,306 278,570 6,595 527,780 1,325,5672038 3,522,916 288,320 7,751 63,641 1,557,9982039 3,628,603 298,412 8,667 122,918 1,742,1592040 3,737,461 308,856 9,615 127,987 1,932,6432041 3,849,585 319,666 10,674 117,597 2,145,3852042 3,965,072 330,854 11,760 124,266 2,363,7342043 4,084,025 342,434 13,488 8,626 2,711,0292044 4,206,545 354,419 15,283 8,885 3,071,8462045 4,332,742 366,824 17,027 33,175 3,422,5232046 4,462,724 379,663 18,567 88,866 3,731,886
The Cottages at Winding Creek Condominium Association Annual Asset Expenditure Charts
Community Advisors, LLCPAGE 2-2
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-3
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026Beginning BalanceAnnual AssessmentInterest EarnedExpendituresEnding Balance
397,816140,000
2,40756,350
483,873
483,873144,900
2,86455,980
575,657
575,657149,971
3,6074,244
724,992
724,992155,221
4,32215,845
868,689
868,689160,653
5,1058,441
1,026,006
1,026,006166,276
5,369118,489
1,079,161
1,079,161172,096
5,87376,598
1,180,532
1,180,532178,119
6,45966,844
1,298,267
1,298,267184,353
7,00282,150
1,407,472
1,407,472190,806
7,61475,481
1,530,411
DescriptionMisc. Site ComponentsAluminium Flag PoleAluminium Mail BoxesMessage Board Allowance 1,194Pond Fountain Allowance 11,474 13,301Security Camera System Allowance 2,388Site Signage AllowanceMisc. Site Components Total: 11,474 3,582 13,301
Walls Fences & GatesAccess Control Panel 3,014Aluminium Fence 4 Ft. - PoolAluminium Fence 4 Ft. - Site PerimeterAluminium Fence 5 Ft. - EntryAluminium Vehicle Gates 10 Ft.- ExitAluminium Vehicle Gates 12 Ft.- EntryGate Operators 16,230Monument Sign Refurbishment 3,478Vinyl Privacy FenceWalls Fences & Gates Total: 22,722
Street ResurfacingBayberry CircleMagnolia Crossing PointPine Hollow DriveWinding Creek DriveStreet Resurfacing Total:
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-4
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026DescriptionSite LightingDecorative Light PolesSite Lighting Total:
Site ConcreteConcrete Curb Allowance 2,319Concrete Sidewalk Allowance 3,478Site Concrete Total: 5,796
Landscape & IrrigationIrrigation Allowance 1,688 1,957Landscaping Allowance 2,251 2,610Landscape & Irrigation Total: 3,939 4,567
RoofingAsphalt Shingles - Building 1Asphalt Shingles - Building 2Asphalt Shingles - Building 3Asphalt Shingles - Building 4Asphalt Shingles - Building 5Asphalt Shingles - Building 6Asphalt Shingles - Building 7Asphalt Shingles - Building 8Asphalt Shingles - Building 9Asphalt Shingles - Building'10Asphalt Shingles - Building'11Asphalt Shingles - Building'12Asphalt Shingles - Building'13Asphalt Shingles - Building'14Asphalt Shingles - Building'15Asphalt Shingles - Building'16Asphalt Shingles - Building'17Asphalt Shingles - Building'18Asphalt Shingles - Building'19Asphalt Shingles - Building'20
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-5
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026DescriptionRoofing continued...Asphalt Shingles - Building'21Asphalt Shingles - Building'22Asphalt Shingles - Building'23Asphalt Shingles - Mail PavilionsAsphalt Shingles - Pool CabanaRoofing Total:
Gutters & DownspoutsBuilding 1Building 2Building 3Building 4Building 5Building 6Building 7Building 8Building 9Building'10Building'11Building'12Building'13Building'14Building'15Building'16Building'17Building'18Building'19Building'20Building'21Building'22Building'23Mail PavilionsPool CabanaGutters & Downspouts Total:
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-6
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026DescriptionExterior PaintingBuilding 1 11,674Building 2 11,674Building 3 10,372 13,139Building 4 11,674Building 5 12,024Building 6 12,024Building 7 12,024Building 8 12,024Building 9 12,024Building'10 12,385Building'11 12,385Building'12 12,385Building'13 12,385Building'14 12,385Building'15 10,070 12,756Building'16 10,070 12,756Building'17 10,070 12,756Building'18 10,070 12,756Building'19 10,070 12,756Building'20 10,372 13,139Building'21 10,372 13,139Building'22 10,372 13,139Building'23 10,372 13,139Mail Pavilions 2,388Pool Cabana Stucco & Wood 5,731Exterior Painting Total: 50,350 51,860 35,022 68,240 61,924 63,782 65,695
Balcony RailingsBuilding 1Building 2Building 3Building 4Building 5
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-7
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026DescriptionBalcony Railings continued...Building 6Building 7Building 8Building 9Building'10Building'11Building'12Building'13Building'14Building'15Building'16Building'17Building'18Building'19Building'20Building'21Building'22Building'23Balcony Railings Total:
Swimming PoolAccess Control System Allowance 2,000Concrete Pavers - Pool DeckPool Furniture Allowance 2,000 2,060 2,122 2,185 2,251 2,319 2,388 2,460 2,534 2,610Pool Pumps & Equipment Allowance 2,000 2,060 2,122 2,185 2,251 2,319 2,388 2,460 2,534 2,610Pool Resurfacing & Tile 38,952Wood PergolaSwimming Pool Total: 6,000 4,120 4,244 4,371 4,502 43,589 4,776 4,919 5,067 5,219
Pool CabanaFloor & Wall TilePlastic Laminate Toilet PartitionsPlumbing FixturesWater Coolers 2,087Pool Cabana Total: 2,087
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-8
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026DescriptionLife SafetyFire Alarm PanelLife Safety Total:
EquipmentGolf Cart 9,274Equipment Total: 9,274
Year Total: 56,350 55,980 4,244 15,845 8,441 118,489 76,598 66,844 82,150 75,481
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-9
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036Beginning BalanceAnnual AssessmentInterest EarnedExpendituresEnding Balance
1,530,411197,484
1,3331,461,369
267,858
267,858204,396
2,3345,537
469,050
469,050211,550
1,561368,468313,693
313,693218,954
2,33565,658
469,323
469,323226,617
2,936108,801590,076
590,076234,549
3,66192,465
735,820
735,820242,758
4,45787,216
895,819
895,819251,255
5,28689,832
1,062,527
1,062,527260,048
6,48924,685
1,304,380
1,304,380269,150
7,80213,151
1,568,181
DescriptionMisc. Site ComponentsAluminium Flag PoleAluminium Mail BoxesMessage Board AllowancePond Fountain Allowance 15,420 17,876Security Camera System Allowance 3,025Site Signage Allowance 5,445Misc. Site Components Total: 15,420 8,471 17,876
Walls Fences & GatesAccess Control PanelAluminium Fence 4 Ft. - PoolAluminium Fence 4 Ft. - Site PerimeterAluminium Fence 5 Ft. - EntryAluminium Vehicle Gates 10 Ft.- Exit 6,720Aluminium Vehicle Gates 12 Ft.- Entry 8,063Gate OperatorsMonument Sign RefurbishmentVinyl Privacy FenceWalls Fences & Gates Total: 14,783
Street ResurfacingBayberry Circle 258,135Magnolia Crossing Point 48,654Pine Hollow Drive 46,912Winding Creek Drive 9,064Street Resurfacing Total: 362,765
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-10
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036DescriptionSite LightingDecorative Light Poles 53,219Site Lighting Total: 53,219
Site ConcreteConcrete Curb Allowance 3,116Concrete Sidewalk Allowance 4,674Site Concrete Total: 7,790
Landscape & IrrigationIrrigation Allowance 2,269 2,630Landscaping Allowance 3,025 3,507Landscape & Irrigation Total: 5,294 6,137
RoofingAsphalt Shingles - Building 1 58,528Asphalt Shingles - Building 2 58,528Asphalt Shingles - Building 3 58,528Asphalt Shingles - Building 4 58,528Asphalt Shingles - Building 5 58,528Asphalt Shingles - Building 6 58,528Asphalt Shingles - Building 7 58,528Asphalt Shingles - Building 8 58,528Asphalt Shingles - Building 9 58,528Asphalt Shingles - Building'10 58,528Asphalt Shingles - Building'11 58,528Asphalt Shingles - Building'12 58,528Asphalt Shingles - Building'13 58,528Asphalt Shingles - Building'14 58,528Asphalt Shingles - Building'15 58,528Asphalt Shingles - Building'16 58,528Asphalt Shingles - Building'17 58,528Asphalt Shingles - Building'18 58,528Asphalt Shingles - Building'19 58,528Asphalt Shingles - Building'20 58,528
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-11
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036DescriptionRoofing continued...Asphalt Shingles - Building'21 58,528Asphalt Shingles - Building'22 58,528Asphalt Shingles - Building'23 58,528Asphalt Shingles - Mail Pavilions 3,494Asphalt Shingles - Pool Cabana 7,862Roofing Total: 1,357,490
Gutters & DownspoutsBuilding 1Building 2Building 3Building 4Building 5Building 6Building 7Building 8Building 9Building'10Building'11Building'12Building'13Building'14Building'15Building'16Building'17Building'18Building'19Building'20Building'21Building'22Building'23Mail PavilionsPool CabanaGutters & Downspouts Total:
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-12
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036DescriptionExterior PaintingBuilding 1 14,788Building 2 14,788Building 3 16,644Building 4 14,788Building 5 15,232Building 6 15,232Building 7 15,232Building 8 15,232Building 9 15,232Building'10 15,689Building'11 15,689Building'12 15,689Building'13 15,689Building'14 15,689Building'15 16,159Building'16 16,159Building'17 16,159Building'18 16,159Building'19 16,159Building'20 16,644Building'21 16,644Building'22 16,644Building'23 16,644Mail Pavilions 3,025Pool Cabana Stucco & Wood 7,260Exterior Painting Total: 44,364 86,444 78,444 80,797 83,221
Balcony RailingsBuilding 1Building 2Building 3Building 4Building 5
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-13
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036DescriptionBalcony Railings continued...Building 6Building 7Building 8Building 9Building'10Building'11Building'12Building'13Building'14Building'15Building'16Building'17Building'18Building'19Building'20Building'21Building'22Building'23Balcony Railings Total:
Swimming PoolAccess Control System Allowance 2,688Concrete Pavers - Pool DeckPool Furniture Allowance 2,688 2,768 2,852 2,937 3,025 3,116 3,209 3,306 3,405 3,507Pool Pumps & Equipment Allowance 2,688 2,768 2,852 2,937 3,025 3,116 3,209 3,306 3,405 3,507Pool Resurfacing & TileWood Pergola 2,541Swimming Pool Total: 8,063 5,537 5,703 5,874 8,592 6,232 6,419 6,611 6,810 7,014
Pool CabanaFloor & Wall Tile 6,580Plastic Laminate Toilet Partitions 2,419Plumbing Fixtures 6,451Water CoolersPool Cabana Total: 15,450
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-14
2027 2028 2029 2030 2031 2032 2033 2034 2035 2036DescriptionLife SafetyFire Alarm Panel 12,364Life Safety Total: 12,364
EquipmentGolf CartEquipment Total:
Year Total: 1,461,369 5,537 368,468 65,658 108,801 92,465 87,216 89,832 24,685 13,151
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-15
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046Beginning BalanceAnnual AssessmentInterest EarnedExpendituresEnding Balance
1,568,181278,570
6,595527,780
1,325,567
1,325,567288,320
7,75163,641
1,557,998
1,557,998298,412
8,667122,918
1,742,159
1,742,159308,856
9,615127,987
1,932,643
1,932,643319,666
10,674117,597
2,145,385
2,145,385330,854
11,760124,266
2,363,734
2,363,734342,43413,488
8,6262,711,029
2,711,029354,41915,2838,885
3,071,846
3,071,846366,824
17,02733,175
3,422,523
3,422,523379,66318,56788,866
3,731,886
DescriptionMisc. Site ComponentsAluminium Flag Pole 4,696Aluminium Mail Boxes 19,271Message Board Allowance 1,916Pond Fountain Allowance 20,723 24,023Security Camera System Allowance 3,832Site Signage AllowanceMisc. Site Components Total: 23,967 5,748 20,723 24,023
Walls Fences & GatesAccess Control Panel 4,696Aluminium Fence 4 Ft. - Pool 18,079Aluminium Fence 4 Ft. - Site Perimeter 87,344Aluminium Fence 5 Ft. - Entry 13,510Aluminium Vehicle Gates 10 Ft.- ExitAluminium Vehicle Gates 12 Ft.- EntryGate Operators 25,286Monument Sign Refurbishment 5,418Vinyl Privacy Fence 9,103Walls Fences & Gates Total: 163,435
Street ResurfacingBayberry CircleMagnolia Crossing PointPine Hollow DriveWinding Creek DriveStreet Resurfacing Total:
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-16
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046DescriptionSite LightingDecorative Light PolesSite Lighting Total:
Site ConcreteConcrete Curb Allowance 4,188Concrete Sidewalk Allowance 6,281Site Concrete Total: 10,469
Landscape & IrrigationIrrigation Allowance 3,049 3,535Landscaping Allowance 4,066 4,713Landscape & Irrigation Total: 7,115 8,248
RoofingAsphalt Shingles - Building 1Asphalt Shingles - Building 2Asphalt Shingles - Building 3Asphalt Shingles - Building 4Asphalt Shingles - Building 5Asphalt Shingles - Building 6Asphalt Shingles - Building 7Asphalt Shingles - Building 8Asphalt Shingles - Building 9Asphalt Shingles - Building'10Asphalt Shingles - Building'11Asphalt Shingles - Building'12Asphalt Shingles - Building'13Asphalt Shingles - Building'14Asphalt Shingles - Building'15Asphalt Shingles - Building'16Asphalt Shingles - Building'17Asphalt Shingles - Building'18Asphalt Shingles - Building'19Asphalt Shingles - Building'20
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-17
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046DescriptionRoofing continued...Asphalt Shingles - Building'21Asphalt Shingles - Building'22Asphalt Shingles - Building'23Asphalt Shingles - Mail PavilionsAsphalt Shingles - Pool CabanaRoofing Total:
Gutters & DownspoutsBuilding 1 5,656Building 2 5,656Building 3 5,656Building 4 5,656Building 5 5,656Building 6 5,656Building 7 5,656Building 8 5,656Building 9 5,656Building'10 5,656Building'11 5,656Building'12 5,656Building'13 5,656Building'14 5,656Building'15 5,656Building'16 5,656Building'17 5,656Building'18 5,656Building'19 5,656Building'20 5,656Building'21 5,656Building'22 5,656Building'23 5,656Mail Pavilions 2,211Pool Cabana 1,161Gutters & Downspouts Total: 133,451
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-18
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046DescriptionExterior PaintingBuilding 1 18,733 23,731Building 2 18,733 23,731Building 3 21,084Building 4 18,733 23,731Building 5 19,295Building 6 19,295Building 7 19,295Building 8 19,295Building 9 19,295Building'10 19,874Building'11 19,874Building'12 19,874Building'13 19,874Building'14 19,874Building'15 20,470Building'16 20,470Building'17 20,470Building'18 20,470Building'19 20,470Building'20 21,084Building'21 21,084Building'22 21,084Building'23 21,084Mail Pavilions 3,832Pool Cabana Stucco & Wood 9,197Exterior Painting Total: 56,199 109,505 99,370 102,351 105,422 71,192
Balcony RailingsBuilding 1 2,167Building 2 2,167Building 3 2,167Building 4 2,167Building 5 2,167
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-19
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046DescriptionBalcony Railings continued...Building 6 2,167Building 7 2,167Building 8 2,167Building 9 2,167Building'10 2,167Building'11 2,167Building'12 2,167Building'13 2,167Building'14 2,167Building'15 2,167Building'16 2,167Building'17 2,167Building'18 2,167Building'19 2,167Building'20 2,167Building'21 2,167Building'22 2,167Building'23 2,167Balcony Railings Total: 49,849
Swimming PoolAccess Control System Allowance 3,612Concrete Pavers - Pool Deck 67,856Pool Furniture Allowance 3,612 3,721 3,832 3,947 4,066 4,188 4,313 4,443 4,576 4,713Pool Pumps & Equipment Allowance 3,612 3,721 3,832 3,947 4,066 4,188 4,313 4,443 4,576 4,713Pool Resurfacing & Tile 60,685Wood PergolaSwimming Pool Total: 139,378 7,441 7,664 7,894 8,131 8,375 8,626 8,885 9,152 9,426
Pool CabanaFloor & Wall TilePlastic Laminate Toilet PartitionsPlumbing FixturesWater Coolers 3,251Pool Cabana Total: 3,251
The Cottages at Winding Creek Condominium Association Cash Flow
Community Advisors, LLCPAGE 2-20
2037 2038 2039 2040 2041 2042 2043 2044 2045 2046DescriptionLife SafetyFire Alarm PanelLife Safety Total:
EquipmentGolf Cart 14,449Equipment Total: 14,449
Year Total: 527,780 63,641 122,918 127,987 117,597 124,266 8,626 8,885 33,175 88,866
The Cottages at Winding Creek Condominium Association Asset Current Cost by Category
Community Advisors, LLCPAGE 3-1
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-2
Description Expenditures
Replacement Year 2017Exterior Painting
Building'15 10,070Building'16 10,070Building'17 10,070Building'18 10,070Building'19 10,070
Exterior Painting - Total: 50,350
Swimming PoolAccess Control System Allowance 2,000Pool Furniture Allowance 2,000Pool Pumps & Equipment Allowance 2,000
Swimming Pool - Total: 6,000
Total for 2017 $56,350
Replacement Year 2018Exterior Painting
Building 3 10,372Building'20 10,372Building'21 10,372Building'22 10,372Building'23 10,372
Exterior Painting - Total: 51,860
Swimming PoolPool Furniture Allowance 2,060Pool Pumps & Equipment Allowance 2,060
Total for 2018 $55,980
Replacement Year 2019Swimming Pool
Pool Furniture Allowance 2,122Pool Pumps & Equipment Allowance 2,122
Swimming Pool - Total: 4,244
Total for 2019 $4,244
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-3
Description Expenditures
Replacement Year 2020Misc. Site Components
Pond Fountain Allowance 11,474Swimming Pool
Pool Furniture Allowance 2,185Pool Pumps & Equipment Allowance 2,185
Swimming Pool - Total: 4,371
Total for 2020 $15,845
Replacement Year 2021Landscape & Irrigation
Irrigation Allowance 1,688Landscaping Allowance 2,251
Landscape & Irrigation - Total: 3,939
Swimming PoolPool Furniture Allowance 2,251Pool Pumps & Equipment Allowance 2,251
Swimming Pool - Total: 4,502
Total for 2021 $8,441
Replacement Year 2022Walls Fences & Gates
Access Control Panel 3,014Gate Operators 16,230Monument Sign Refurbishment 3,478
Walls Fences & Gates - Total: 22,722
Site ConcreteConcrete Curb Allowance 2,319Concrete Sidewalk Allowance 3,478
Site Concrete - Total: 5,796
Exterior PaintingBuilding 1 11,674Building 2 11,674Building 4 11,674
Exterior Painting - Total: 35,022
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-4
Description Expenditures
Replacement Year 2022 continued...Swimming Pool
Pool Furniture Allowance 2,319Pool Pumps & Equipment Allowance 2,319Pool Resurfacing & Tile 38,952
Swimming Pool - Total: 43,589
Pool CabanaWater Coolers 2,087
EquipmentGolf Cart 9,274
Total for 2022 $118,489
Replacement Year 2023Misc. Site Components
Message Board Allowance 1,194Security Camera System Allowance 2,388
Misc. Site Components - Total: 3,582
Exterior PaintingBuilding 5 12,024Building 6 12,024Building 7 12,024Building 8 12,024Building 9 12,024Mail Pavilions 2,388Pool Cabana Stucco & Wood 5,731
Exterior Painting - Total: 68,240
Swimming PoolPool Furniture Allowance 2,388Pool Pumps & Equipment Allowance 2,388
Swimming Pool - Total: 4,776
Total for 2023 $76,598
Replacement Year 2024Exterior Painting
Building'10 12,385
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-5
Description Expenditures
Replacement Year 2024 continued...Building'11 12,385Building'12 12,385Building'13 12,385Building'14 12,385
Exterior Painting - Total: 61,924
Swimming PoolPool Furniture Allowance 2,460Pool Pumps & Equipment Allowance 2,460
Swimming Pool - Total: 4,919
Total for 2024 $66,844
Replacement Year 2025Misc. Site Components
Pond Fountain Allowance 13,301Exterior Painting
Building'15 12,756Building'16 12,756Building'17 12,756Building'18 12,756Building'19 12,756
Exterior Painting - Total: 63,782
Swimming PoolPool Furniture Allowance 2,534Pool Pumps & Equipment Allowance 2,534
Swimming Pool - Total: 5,067
Total for 2025 $82,150
Replacement Year 2026Landscape & Irrigation
Irrigation Allowance 1,957Landscaping Allowance 2,610
Landscape & Irrigation - Total: 4,567
Exterior PaintingBuilding 3 13,139
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-6
Description Expenditures
Replacement Year 2026 continued...Building'20 13,139Building'21 13,139Building'22 13,139Building'23 13,139
Exterior Painting - Total: 65,695
Swimming PoolPool Furniture Allowance 2,610Pool Pumps & Equipment Allowance 2,610
Swimming Pool - Total: 5,219
Total for 2026 $75,481
Replacement Year 2027Walls Fences & Gates
Aluminium Vehicle Gates 10 Ft.- Exit 6,720Aluminium Vehicle Gates 12 Ft.- Entry 8,063
Walls Fences & Gates - Total: 14,783
Site LightingDecorative Light Poles 53,219
RoofingAsphalt Shingles - Building 1 58,528Asphalt Shingles - Building 2 58,528Asphalt Shingles - Building 3 58,528Asphalt Shingles - Building 4 58,528Asphalt Shingles - Building 5 58,528Asphalt Shingles - Building 6 58,528Asphalt Shingles - Building 7 58,528Asphalt Shingles - Building 8 58,528Asphalt Shingles - Building 9 58,528Asphalt Shingles - Building'10 58,528Asphalt Shingles - Building'11 58,528Asphalt Shingles - Building'12 58,528Asphalt Shingles - Building'13 58,528Asphalt Shingles - Building'14 58,528Asphalt Shingles - Building'15 58,528Asphalt Shingles - Building'16 58,528
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-7
Description Expenditures
Replacement Year 2027 continued...Asphalt Shingles - Building'17 58,528Asphalt Shingles - Building'18 58,528Asphalt Shingles - Building'19 58,528Asphalt Shingles - Building'20 58,528Asphalt Shingles - Building'21 58,528Asphalt Shingles - Building'22 58,528Asphalt Shingles - Building'23 58,528Asphalt Shingles - Mail Pavilions 3,494Asphalt Shingles - Pool Cabana 7,862
Roofing - Total: 1,357,490
Swimming PoolAccess Control System Allowance 2,688Pool Furniture Allowance 2,688Pool Pumps & Equipment Allowance 2,688
Swimming Pool - Total: 8,063
Pool CabanaFloor & Wall Tile 6,580Plastic Laminate Toilet Partitions 2,419Plumbing Fixtures 6,451
Pool Cabana - Total: 15,450
Life SafetyFire Alarm Panel 12,364
Total for 2027 $1,461,369
Replacement Year 2028Swimming Pool
Pool Furniture Allowance 2,768Pool Pumps & Equipment Allowance 2,768
Swimming Pool - Total: 5,537
Total for 2028 $5,537
Replacement Year 2029Street Resurfacing
Bayberry Circle 258,135
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-8
Description Expenditures
Replacement Year 2029 continued...Magnolia Crossing Point 48,654Pine Hollow Drive 46,912Winding Creek Drive 9,064
Street Resurfacing - Total: 362,765
Swimming PoolPool Furniture Allowance 2,852Pool Pumps & Equipment Allowance 2,852
Swimming Pool - Total: 5,703
Total for 2029 $368,468
Replacement Year 2030Misc. Site Components
Pond Fountain Allowance 15,420Exterior Painting
Building 1 14,788Building 2 14,788Building 4 14,788
Exterior Painting - Total: 44,364
Swimming PoolPool Furniture Allowance 2,937Pool Pumps & Equipment Allowance 2,937
Swimming Pool - Total: 5,874
Total for 2030 $65,658
Replacement Year 2031Misc. Site Components
Security Camera System Allowance 3,025Site Signage Allowance 5,445
Misc. Site Components - Total: 8,471
Landscape & IrrigationIrrigation Allowance 2,269Landscaping Allowance 3,025
Landscape & Irrigation - Total: 5,294
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-9
Description Expenditures
Replacement Year 2031 continued...Exterior Painting
Building 5 15,232Building 6 15,232Building 7 15,232Building 8 15,232Building 9 15,232Mail Pavilions 3,025Pool Cabana Stucco & Wood 7,260
Exterior Painting - Total: 86,444
Swimming PoolPool Furniture Allowance 3,025Pool Pumps & Equipment Allowance 3,025Wood Pergola 2,541
Swimming Pool - Total: 8,592
Total for 2031 $108,801
Replacement Year 2032Site Concrete
Concrete Curb Allowance 3,116Concrete Sidewalk Allowance 4,674
Site Concrete - Total: 7,790
Exterior PaintingBuilding'10 15,689Building'11 15,689Building'12 15,689Building'13 15,689Building'14 15,689
Exterior Painting - Total: 78,444
Swimming PoolPool Furniture Allowance 3,116Pool Pumps & Equipment Allowance 3,116
Swimming Pool - Total: 6,232
Total for 2032 $92,465
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-10
Description Expenditures
Replacement Year 2033Exterior Painting
Building'15 16,159Building'16 16,159Building'17 16,159Building'18 16,159Building'19 16,159
Exterior Painting - Total: 80,797
Swimming PoolPool Furniture Allowance 3,209Pool Pumps & Equipment Allowance 3,209
Swimming Pool - Total: 6,419
Total for 2033 $87,216
Replacement Year 2034Exterior Painting
Building 3 16,644Building'20 16,644Building'21 16,644Building'22 16,644Building'23 16,644
Exterior Painting - Total: 83,221
Swimming PoolPool Furniture Allowance 3,306Pool Pumps & Equipment Allowance 3,306
Swimming Pool - Total: 6,611
Total for 2034 $89,832
Replacement Year 2035Misc. Site Components
Pond Fountain Allowance 17,876Swimming Pool
Pool Furniture Allowance 3,405Pool Pumps & Equipment Allowance 3,405
Swimming Pool - Total: 6,810
Total for 2035 $24,685
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-11
Description Expenditures
Replacement Year 2036Landscape & Irrigation
Irrigation Allowance 2,630Landscaping Allowance 3,507
Landscape & Irrigation - Total: 6,137
Swimming PoolPool Furniture Allowance 3,507Pool Pumps & Equipment Allowance 3,507
Swimming Pool - Total: 7,014
Total for 2036 $13,151
Replacement Year 2037Misc. Site Components
Aluminium Flag Pole 4,696Aluminium Mail Boxes 19,271
Misc. Site Components - Total: 23,967
Walls Fences & GatesAccess Control Panel 4,696Aluminium Fence 4 Ft. - Pool 18,079Aluminium Fence 4 Ft. - Site Perimeter 87,344Aluminium Fence 5 Ft. - Entry 13,510Gate Operators 25,286Monument Sign Refurbishment 5,418Vinyl Privacy Fence 9,103
Walls Fences & Gates - Total: 163,435
Gutters & DownspoutsBuilding 1 5,656Building 2 5,656Building 3 5,656Building 4 5,656Building 5 5,656Building 6 5,656Building 7 5,656Building 8 5,656Building 9 5,656
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-12
Description Expenditures
Replacement Year 2037 continued...Building'10 5,656Building'11 5,656Building'12 5,656Building'13 5,656Building'14 5,656Building'15 5,656Building'16 5,656Building'17 5,656Building'18 5,656Building'19 5,656Building'20 5,656Building'21 5,656Building'22 5,656Building'23 5,656Mail Pavilions 2,211Pool Cabana 1,161
Gutters & Downspouts - Total: 133,451
Balcony RailingsBuilding 1 2,167Building 2 2,167Building 3 2,167Building 4 2,167Building 5 2,167Building 6 2,167Building 7 2,167Building 8 2,167Building 9 2,167Building'10 2,167Building'11 2,167Building'12 2,167Building'13 2,167Building'14 2,167Building'15 2,167Building'16 2,167Building'17 2,167Building'18 2,167
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-13
Description Expenditures
Replacement Year 2037 continued...Building'19 2,167Building'20 2,167Building'21 2,167Building'22 2,167Building'23 2,167
Balcony Railings - Total: 49,849
Swimming PoolAccess Control System Allowance 3,612Concrete Pavers - Pool Deck 67,856Pool Furniture Allowance 3,612Pool Pumps & Equipment Allowance 3,612Pool Resurfacing & Tile 60,685
Swimming Pool - Total: 139,378
Pool CabanaWater Coolers 3,251
EquipmentGolf Cart 14,449
Total for 2037 $527,780
Replacement Year 2038Exterior Painting
Building 1 18,733Building 2 18,733Building 4 18,733
Exterior Painting - Total: 56,199
Swimming PoolPool Furniture Allowance 3,721Pool Pumps & Equipment Allowance 3,721
Swimming Pool - Total: 7,441
Total for 2038 $63,641
Replacement Year 2039Misc. Site Components
Message Board Allowance 1,916
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-14
Description Expenditures
Replacement Year 2039 continued...Security Camera System Allowance 3,832
Misc. Site Components - Total: 5,748
Exterior PaintingBuilding 5 19,295Building 6 19,295Building 7 19,295Building 8 19,295Building 9 19,295Mail Pavilions 3,832Pool Cabana Stucco & Wood 9,197
Exterior Painting - Total: 109,505
Swimming PoolPool Furniture Allowance 3,832Pool Pumps & Equipment Allowance 3,832
Swimming Pool - Total: 7,664
Total for 2039 $122,918
Replacement Year 2040Misc. Site Components
Pond Fountain Allowance 20,723Exterior Painting
Building'10 19,874Building'11 19,874Building'12 19,874Building'13 19,874Building'14 19,874
Exterior Painting - Total: 99,370
Swimming PoolPool Furniture Allowance 3,947Pool Pumps & Equipment Allowance 3,947
Swimming Pool - Total: 7,894
Total for 2040 $127,987
Replacement Year 2041Landscape & Irrigation
Irrigation Allowance 3,049
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-15
Description Expenditures
Replacement Year 2041 continued...Landscaping Allowance 4,066
Landscape & Irrigation - Total: 7,115
Exterior PaintingBuilding'15 20,470Building'16 20,470Building'17 20,470Building'18 20,470Building'19 20,470
Exterior Painting - Total: 102,351
Swimming PoolPool Furniture Allowance 4,066Pool Pumps & Equipment Allowance 4,066
Swimming Pool - Total: 8,131
Total for 2041 $117,597
Replacement Year 2042Site Concrete
Concrete Curb Allowance 4,188Concrete Sidewalk Allowance 6,281
Site Concrete - Total: 10,469
Exterior PaintingBuilding 3 21,084Building'20 21,084Building'21 21,084Building'22 21,084Building'23 21,084
Exterior Painting - Total: 105,422
Swimming PoolPool Furniture Allowance 4,188Pool Pumps & Equipment Allowance 4,188
Total for 2042 $124,266
Replacement Year 2043Swimming Pool
Pool Furniture Allowance 4,313
The Cottages at Winding Creek Condominium Association Annual Expenditure Detail
Community Advisors, LLCPAGE 3-16
Description Expenditures
Replacement Year 2043 continued...Pool Pumps & Equipment Allowance 4,313
Total for 2043 $8,626
Replacement Year 2044Swimming Pool
Pool Furniture Allowance 4,443Pool Pumps & Equipment Allowance 4,443
Swimming Pool - Total: 8,885
Total for 2044 $8,885
Replacement Year 2045Misc. Site Components
Pond Fountain Allowance 24,023Swimming Pool
Pool Furniture Allowance 4,576Pool Pumps & Equipment Allowance 4,576
Swimming Pool - Total: 9,152
Total for 2045 $33,175
Replacement Year 2046Landscape & Irrigation
Irrigation Allowance 3,535Landscaping Allowance 4,713
Landscape & Irrigation - Total: 8,248
Exterior PaintingBuilding 1 23,731Building 2 23,731Building 4 23,731
Exterior Painting - Total: 71,192
Swimming PoolPool Furniture Allowance 4,713Pool Pumps & Equipment Allowance 4,713
Swimming Pool - Total: 9,426
Total for 2046 $88,866
The Cottages at Winding Creek Condominium Association Component Detail Index
Community Advisors, LLCPAGE 4-1
Asset IDDescription Replacement Page
Misc. Site Components1006 Aluminium Flag Pole 2037 4-111005 Aluminium Mail Boxes 2037 4-111004 Message Board Allowance 2023 4-121002 Pond Fountain Allowance 2020 4-121001 Security Camera System Allowance 2023 4-131003 Site Signage Allowance 2031 4-13
Walls Fences & Gates1064 Access Control Panel 2022 4-151056 Aluminium Fence 4 Ft. - Pool 2037 4-151058 Aluminium Fence 4 Ft. - Site Perimeter 2037 4-161062 Aluminium Fence 5 Ft. - Entry 2037 4-161059 Aluminium Vehicle Gates 10 Ft.- Exit 2027 4-171061 Aluminium Vehicle Gates 12 Ft.- Entry 2027 4-171060 Gate Operators 2022 4-181063 Monument Sign Refurbishment 2022 4-181057 Vinyl Privacy Fence 2037 4-19
Street Resurfacing1067 Bayberry Circle 2029 4-201068 Magnolia Crossing Point 2029 4-201066 Pine Hollow Drive 2029 4-201065 Winding Creek Drive 2029 4-20
Site Lighting1132 Decorative Light Poles 2027 4-22
Site Concrete1070 Concrete Curb Allowance 2022 4-231069 Concrete Sidewalk Allowance 2022 4-23
Landscape & Irrigation1134 Irrigation Allowance 2021 4-251133 Landscaping Allowance 2021 4-25
Roofing1031 Asphalt Shingles - Building 1 2027 4-26
The Cottages at Winding Creek Condominium Association Component Detail Index
Community Advisors, LLCPAGE 4-2
Asset IDDescription Replacement Page
Roofing Continued...1037 Asphalt Shingles - Building 2 2027 4-261032 Asphalt Shingles - Building 3 2027 4-261036 Asphalt Shingles - Building 4 2027 4-261034 Asphalt Shingles - Building 5 2027 4-271035 Asphalt Shingles - Building 6 2027 4-271033 Asphalt Shingles - Building 7 2027 4-271040 Asphalt Shingles - Building 8 2027 4-271038 Asphalt Shingles - Building 9 2027 4-281039 Asphalt Shingles - Building'10 2027 4-281042 Asphalt Shingles - Building'11 2027 4-281041 Asphalt Shingles - Building'12 2027 4-281043 Asphalt Shingles - Building'13 2027 4-291045 Asphalt Shingles - Building'14 2027 4-291046 Asphalt Shingles - Building'15 2027 4-291047 Asphalt Shingles - Building'16 2027 4-291048 Asphalt Shingles - Building'17 2027 4-301044 Asphalt Shingles - Building'18 2027 4-301049 Asphalt Shingles - Building'19 2027 4-301050 Asphalt Shingles - Building'20 2027 4-301051 Asphalt Shingles - Building'21 2027 4-311052 Asphalt Shingles - Building'22 2027 4-311053 Asphalt Shingles - Building'23 2027 4-311055 Asphalt Shingles - Mail Pavilions 2027 4-311054 Asphalt Shingles - Pool Cabana 2027 4-32
Gutters & Downspouts1120 Building 1 2037 4-331129 Building 2 2037 4-331128 Building 3 2037 4-331122 Building 4 2037 4-331124 Building 5 2037 4-341123 Building 6 2037 4-341121 Building 7 2037 4-341127 Building 8 2037 4-341126 Building 9 2037 4-351106 Building'10 2037 4-351125 Building'11 2037 4-35
The Cottages at Winding Creek Condominium Association Component Detail Index
Community Advisors, LLCPAGE 4-3
Asset IDDescription Replacement Page
Gutters & Downspouts Continued...1107 Building'12 2037 4-351110 Building'13 2037 4-361111 Building'14 2037 4-361112 Building'15 2037 4-361113 Building'16 2037 4-361108 Building'17 2037 4-371109 Building'18 2037 4-371114 Building'19 2037 4-371115 Building'20 2037 4-371116 Building'21 2037 4-381117 Building'22 2037 4-381118 Building'23 2037 4-381130 Mail Pavilions 2037 4-381119 Pool Cabana 2037 4-39
Exterior Painting1073 Building 1 2022 4-401075 Building 2 2022 4-401076 Building 3 2018 4-401077 Building 4 2022 4-401078 Building 5 2023 4-411079 Building 6 2023 4-411080 Building 7 2023 4-411081 Building 8 2023 4-411074 Building 9 2023 4-421072 Building'10 2024 4-421082 Building'11 2024 4-421085 Building'12 2024 4-421086 Building'13 2024 4-431087 Building'14 2024 4-431088 Building'15 2017 4-431089 Building'16 2017 4-431090 Building'17 2017 4-441091 Building'18 2017 4-441092 Building'19 2017 4-441071 Building'20 2018 4-441083 Building'21 2018 4-45
The Cottages at Winding Creek Condominium Association Component Detail Index
Community Advisors, LLCPAGE 4-4
Asset IDDescription Replacement Page
Exterior Painting Continued...1084 Building'22 2018 4-451094 Building'23 2018 4-451095 Mail Pavilions 2023 4-451093 Pool Cabana Stucco & Wood 2023 4-46
Balcony Railings1030 Building 1 2037 4-471008 Building 2 2037 4-471022 Building 3 2037 4-481024 Building 4 2037 4-481025 Building 5 2037 4-491026 Building 6 2037 4-491027 Building 7 2037 4-501028 Building 8 2037 4-501029 Building 9 2037 4-511023 Building'10 2037 4-511009 Building'11 2037 4-521010 Building'12 2037 4-521011 Building'13 2037 4-531012 Building'14 2037 4-531014 Building'15 2037 4-541015 Building'16 2037 4-541016 Building'17 2037 4-551017 Building'18 2037 4-551018 Building'19 2037 4-551019 Building'20 2037 4-551020 Building'21 2037 4-561021 Building'22 2037 4-561013 Building'23 2037 4-56
Swimming Pool1097 Access Control System Allowance 2017 4-571100 Concrete Pavers - Pool Deck 2037 4-571099 Pool Furniture Allowance 2017 4-581101 Pool Pumps & Equipment Allowance 2017 4-581096 Pool Resurfacing & Tile 2022 4-581098 Wood Pergola 2031 4-59
The Cottages at Winding Creek Condominium Association Component Detail Index
Community Advisors, LLCPAGE 4-5
Asset IDDescription Replacement Page
Pool Cabana1105 Floor & Wall Tile 2027 4-601104 Plastic Laminate Toilet Partitions 2027 4-601103 Plumbing Fixtures 2027 4-611102 Water Coolers 2022 4-61
Life SafetyFire Alarm Panel 2027 4-63
Equipment1131 Golf Cart 2022 4-64
Total Funded Assets 134Total Unfunded Assets 0Total Assets 134
The Cottages at Winding Creek Condominium Association Component Inventory
Community Advisors, LLCPAGE 4-6
Serv
ice
Datein
Year
Replac
emen
tUse
ful
Adjustm
ent
Remain
ing
Units
Cost
Unit Cost
Curren
t
Description
Misc. Site ComponentsAluminium Flag Pole 2007 2037 30 0 20 1 Each 2,600.00 2,600Aluminium Mail Boxes 2007 2037 30 0 20 194 Boxes 55.00 10,670Message Board Allowance 2007 2023 16 0 6 1 Each 1,000.00 1,000Pond Fountain Allowance 2007 2020 5 8 3 3 Each 3,500.00 10,500Security Camera System Allowance 2015 2023 8 0 6 1 Lump Sum 2,000.00 2,000Site Signage Allowance 2007 2031 24 0 14 4 Each 900.00 3,600 Misc. Site Components - Total $30,370
Walls Fences & GatesAccess Control Panel 2007 2022 15 0 5 1 Each 2,600.00 2,600Aluminium Fence 4 Ft. - Pool 2007 2037 30 0 20 385 Linear Feet 26.00 10,010Aluminium Fence 4 Ft. - Site Perimeter 2007 2037 30 0 20 1,860 Linear Feet 26.00 48,360Aluminium Fence 5 Ft. - Entry 2007 2037 30 0 20 220 Linear Feet 34.00 7,480Aluminium Vehicle Gates 10 Ft.- Exit 2007 2027 20 0 10 2 Each 2,500.00 5,000Aluminium Vehicle Gates 12 Ft.- Entry 2007 2027 20 0 10 2 Each 3,000.00 6,000Gate Operators 2007 2022 15 0 5 4 Each 3,500.00 14,000Monument Sign Refurbishment 2007 2022 15 0 5 2 Each 1,500.00 3,000Vinyl Privacy Fence 2007 2037 30 0 20 180 Linear Feet 28.00 5,040 Walls Fences & Gates - Total $101,490
Street ResurfacingBayberry Circle 2007 2029 20 2 12 13,927 Square Yards 13.00 181,051Magnolia Crossing Point 2007 2029 20 2 12 2,625 Square Yards 13.00 34,125Pine Hollow Drive 2007 2029 20 2 12 2,531 Square Yards 13.00 32,903Winding Creek Drive 2007 2029 20 2 12 489 Square Yards 13.00 6,357 Street Resurfacing - Total $254,436
Site LightingDecorative Light Poles 2007 2027 20 0 10 22 Each 1,800.00 39,600 Site Lighting - Total $39,600
Site ConcreteConcrete Curb Allowance 2007 2022 10 5 5 1 Lump Sum 2,000.00 2,000Concrete Sidewalk Allowance 2007 2022 10 5 5 1 Lump Sum 3,000.00 3,000 Site Concrete - Total $5,000
Landscape & IrrigationIrrigation Allowance 2016 2021 5 0 4 1 Lump Sum 1,500.00 1,500Landscaping Allowance 2016 2021 5 0 4 1 Lump Sum 2,000.00 2,000 Landscape & Irrigation - Total $3,500
RoofingAsphalt Shingles - Building 1 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 2 2007 2027 20 0 10 134 Squares 325.00 43,550
The Cottages at Winding Creek Condominium Association Component Inventory
Community Advisors, LLCPAGE 4-7
Serv
ice
Datein
Year
Replac
emen
tUse
ful
Adjustm
ent
Remain
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Units
Cost
Unit Cost
Curren
t
DescriptionRoofing continued...Asphalt Shingles - Building 3 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 4 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 5 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 6 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 7 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 8 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building 9 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'10 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'11 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'12 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'13 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'14 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'15 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'16 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'17 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'18 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'19 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'20 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'21 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'22 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Building'23 2007 2027 20 0 10 134 Squares 325.00 43,550Asphalt Shingles - Mail Pavilions 2007 2027 20 0 10 8 Squares 325.00 2,600Asphalt Shingles - Pool Cabana 2007 2027 20 0 10 18 Squares 325.00 5,850 Roofing - Total $1,010,100
Gutters & DownspoutsBuilding 1 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 2 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 3 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 4 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 5 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 6 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 7 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 8 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building 9 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'10 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'11 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'12 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'13 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'14 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'15 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'16 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'17 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'18 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'19 2007 2037 30 0 20 614 Linear Feet 5.10 3,131
The Cottages at Winding Creek Condominium Association Component Inventory
Community Advisors, LLCPAGE 4-8
Serv
ice
Datein
Year
Replac
emen
tUse
ful
Adjustm
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Remain
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Units
Cost
Unit Cost
Curren
t
DescriptionGutters & Downspouts continued...Building'20 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'21 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'22 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Building'23 2007 2037 30 0 20 614 Linear Feet 5.10 3,131Mail Pavilions 2007 2037 30 0 20 240 Linear Feet 5.10 1,224Pool Cabana 2007 2037 30 0 20 126 Linear Feet 5.10 643 Gutters & Downspouts - Total $73,889
Exterior PaintingBuilding 1 2014 2022 8 0 5 10,600 Square Feet 0.95 10,070Building 2 2014 2022 8 0 5 10,600 Square Feet 0.95 10,070Building 3 2007 2018 8 3 1 10,600 Square Feet 0.95 10,070Building 4 2014 2022 8 0 5 10,600 Square Feet 0.95 10,070Building 5 2015 2023 8 0 6 10,600 Square Feet 0.95 10,070Building 6 2015 2023 8 0 6 10,600 Square Feet 0.95 10,070Building 7 2015 2023 8 0 6 10,600 Square Feet 0.95 10,070Building 8 2015 2023 8 0 6 10,600 Square Feet 0.95 10,070Building 9 2015 2023 8 0 6 10,600 Square Feet 0.95 10,070Building'10 2016 2024 8 0 7 10,600 Square Feet 0.95 10,070Building'11 2016 2024 8 0 7 10,600 Square Feet 0.95 10,070Building'12 2016 2024 8 0 7 10,600 Square Feet 0.95 10,070Building'13 2016 2024 8 0 7 10,600 Square Feet 0.95 10,070Building'14 2016 2024 8 0 7 10,600 Square Feet 0.95 10,070Building'15 2007 2017 8 0 0 10,600 Square Feet 0.95 10,070Building'16 2007 2017 8 0 0 10,600 Square Feet 0.95 10,070Building'17 2007 2017 8 0 0 10,600 Square Feet 0.95 10,070Building'18 2007 2017 8 0 0 10,600 Square Feet 0.95 10,070Building'19 2007 2017 8 0 0 10,600 Square Feet 0.95 10,070Building'20 2007 2018 8 3 1 10,600 Square Feet 0.95 10,070Building'21 2007 2018 8 3 1 10,600 Square Feet 0.95 10,070Building'22 2007 2018 8 3 1 10,600 Square Feet 0.95 10,070Building'23 2007 2018 8 3 1 10,600 Square Feet 0.95 10,070Mail Pavilions 2015 2023 8 0 6 2 Each 1,000.00 2,000Pool Cabana Stucco & Wood 2015 2023 8 0 6 1 Lump Sum 4,800.00 4,800 Exterior Painting - Total $238,410
Balcony RailingsBuilding 1 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 2 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 3 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 4 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 5 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 6 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 7 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building 8 2007 2037 30 0 20 20 Linear Feet 60.00 1,200
The Cottages at Winding Creek Condominium Association Component Inventory
Community Advisors, LLCPAGE 4-9
Serv
ice
Datein
Year
Replac
emen
tUse
ful
Adjustm
ent
Remain
ing
Units
Cost
Unit Cost
Curren
t
DescriptionBalcony Railings continued...Building 9 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'10 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'11 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'12 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'13 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'14 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'15 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'16 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'17 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'18 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'19 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'20 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'21 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'22 2007 2037 30 0 20 20 Linear Feet 60.00 1,200Building'23 2007 2037 30 0 20 20 Linear Feet 60.00 1,200 Balcony Railings - Total $27,600
Swimming PoolAccess Control System Allowance 2007 2017 10 0 0 1 Lump Sum 2,000.00 2,000Concrete Pavers - Pool Deck 2007 2037 30 0 20 5,780 Square Feet 6.50 37,570Pool Furniture Allowance 2016 2017 1 0 0 1 Lump Sum 2,000.00 2,000Pool Pumps & Equipment Allowance 2016 2017 1 0 0 1 Lump Sum 2,000.00 2,000Pool Resurfacing & Tile 2007 2022 15 0 5 2,800 Square Feet 12.00 33,600Wood Pergola 2007 2031 24 0 14 70 Square Feet 24.00 1,680 Swimming Pool - Total $78,850
Pool CabanaFloor & Wall Tile 2007 2027 20 0 10 408 Square Feet 12.00 4,896Plastic Laminate Toilet Partitions 2007 2027 20 0 10 2 Stalls 900.00 1,800Plumbing Fixtures 2007 2027 20 0 10 6 Each 800.00 4,800Water Coolers 2007 2022 15 0 5 2 Each 900.00 1,800 Pool Cabana - Total $13,296
Life SafetyFire Alarm Panel 2007 2027 20 0 10 23 Each 400.00 9,200 Life Safety - Total $9,200
EquipmentGolf Cart 2007 2022 15 0 5 1 Each 8,000.00 8,000 Equipment - Total $8,000
The Cottages at Winding Creek Condominium Association Component Inventory
Community Advisors, LLCPAGE 4-10
Serv
ice
Datein
Year
Replac
emen
tUse
ful
Adjustm
ent
Remain
ing
Units
Cost
Unit Cost
Curren
t
DescriptionTotal Asset Summary $1,893,741
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-11
Aluminium Flag Pole - 2037Asset ID 1006
Misc. Site ComponentsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
1 Each @ $2,600.00Asset Cost $2,600.00
Percent Replacement 100%Future Cost $4,695.89
Aluminium Mail Boxes - 2037Asset ID 1005
Misc. Site ComponentsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
194 Boxes @ $55.00Asset Cost $10,670.00
Percent Replacement 100%Future Cost $19,271.21
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-12
Message Board Allowance - 2023Asset ID 1004
Misc. Site ComponentsPlaced in Service June 2007
Useful Life 16Replacement Year 2023
Remaining Life 6
1 Each @ $1,000.00Asset Cost $1,000.00
Percent Replacement 100%Future Cost $1,194.05
Pond Fountain Allowance - 2020Asset ID 1002
Misc. Site ComponentsPlaced in Service June 2007
Useful Life 5Adjustment 8
Replacement Year 2020Remaining Life 3
3 Each @ $3,500.00Asset Cost $10,500.00
Percent Replacement 100%Future Cost $11,473.63
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-13
Security Camera System Allowance - 2023
Asset ID 1001
Misc. Site ComponentsPlaced in Service June 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,388.10
Site Signage Allowance - 2031Asset ID 1003
Misc. Site ComponentsPlaced in Service June 2007
Useful Life 24Replacement Year 2031
Remaining Life 14
4 Each @ $900.00Asset Cost $3,600.00
Percent Replacement 100%Future Cost $5,445.32
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-14
Misc. Site Components - Total Current Cost $30,370
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-15
Access Control Panel - 2022Asset ID 1064
Walls Fences & GatesPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
1 Each @ $2,600.00Asset Cost $2,600.00
Percent Replacement 100%Future Cost $3,014.11
Aluminium Fence 4 Ft. - Pool - 2037
Asset ID 1056
Walls Fences & GatesPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
385 Linear Feet @ $26.00Asset Cost $10,010.00
Percent Replacement 100%Future Cost $18,079.17
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-16
Aluminium Fence 4 Ft. - Site Perimeter - 2037
Asset ID 1058
Walls Fences & GatesPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
1,860 Linear Feet @ $26.00Asset Cost $48,360.00
Percent Replacement 100%Future Cost $87,343.54
Aluminium Fence 5 Ft. - Entry - 2037
Asset ID 1062
Walls Fences & GatesPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
220 Linear Feet @ $34.00Asset Cost $7,480.00
Percent Replacement 100%Future Cost $13,509.71
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-17
Aluminium Vehicle Gates 10 Ft.- Exit - 2027
Asset ID 1059
Walls Fences & GatesPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
2 Each @ $2,500.00Asset Cost $5,000.00
Percent Replacement 100%Future Cost $6,719.58
Aluminium Vehicle Gates 12 Ft.- Entry - 2027
Asset ID 1061
Walls Fences & GatesPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
2 Each @ $3,000.00Asset Cost $6,000.00
Percent Replacement 100%Future Cost $8,063.50
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-18
Gate Operators - 2022Asset ID 1060
Walls Fences & GatesPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
4 Each @ $3,500.00Asset Cost $14,000.00
Percent Replacement 100%Future Cost $16,229.84
Monument Sign Refurbishment - 2022Asset ID 1063
Walls Fences & GatesPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
2 Each @ $1,500.00Asset Cost $3,000.00
Percent Replacement 100%Future Cost $3,477.82
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-19
Vinyl Privacy Fence - 2037Asset ID 1057
Walls Fences & GatesPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
180 Linear Feet @ $28.00Asset Cost $5,040.00
Percent Replacement 100%Future Cost $9,102.80
Walls Fences & Gates - Total Current Cost $101,490
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-20
Bayberry Circle - 2029Asset ID 1067
Street ResurfacingPlaced in Service June 2007
Useful Life 20Adjustment 2
Replacement Year 2029Remaining Life 12
13,927 Square Yards @ $13.00Asset Cost $181,051.00
Percent Replacement 100%Future Cost $258,135.43
Magnolia Crossing Point - 2029Asset ID 1068
Street ResurfacingPlaced in Service June 2007
Useful Life 20Adjustment 2
Replacement Year 2029Remaining Life 12
2,625 Square Yards @ $13.00Asset Cost $34,125.00
Percent Replacement 100%Future Cost $48,654.09
Pine Hollow Drive - 2029Asset ID 1066
Street ResurfacingPlaced in Service June 2007
Useful Life 20Adjustment 2
Replacement Year 2029Remaining Life 12
2,531 Square Yards @ $13.00Asset Cost $32,903.00
Percent Replacement 100%Future Cost $46,911.81
Winding Creek Drive - 2029Asset ID 1065
Street ResurfacingPlaced in Service June 2007
Useful Life 20Adjustment 2
Replacement Year 2029Remaining Life 12
489 Square Yards @ $13.00Asset Cost $6,357.00
Percent Replacement 100%Future Cost $9,063.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-21
Street Resurfacing - Total Current Cost $254,436
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-22
Decorative Light Poles - 2027Asset ID 1132
Site LightingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
22 Each @ $1,800.00Asset Cost $39,600.00
Percent Replacement 100%Future Cost $53,219.09
Site Lighting - Total Current Cost $39,600
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-23
Concrete Curb Allowance - 2022Asset ID 1070
Site ConcretePlaced in Service June 2007
Useful Life 10Adjustment 5
Replacement Year 2022Remaining Life 5
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,318.55
Concrete Sidewalk Allowance - 2022
Asset ID 1069
Site ConcretePlaced in Service June 2007
Useful Life 10Adjustment 5
Replacement Year 2022Remaining Life 5
1 Lump Sum @ $3,000.00Asset Cost $3,000.00
Percent Replacement 100%Future Cost $3,477.82
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-24
Site Concrete - Total Current Cost $5,000
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-25
Irrigation Allowance - 2021Asset ID 1134
Landscape & IrrigationPlaced in Service June 2016
Useful Life 5Replacement Year 2021
Remaining Life 4
1 Lump Sum @ $1,500.00Asset Cost $1,500.00
Percent Replacement 100%Future Cost $1,688.26
Landscaping Allowance - 2021Asset ID 1133
Landscape & IrrigationPlaced in Service June 2016
Useful Life 5Replacement Year 2021
Remaining Life 4
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,251.02
Landscape & Irrigation - Total Current Cost $3,500
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-26
Asphalt Shingles - Building 1 - 2027Asset ID 1031
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 2 - 2027Asset ID 1037
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 3 - 2027Asset ID 1032
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 4 - 2027Asset ID 1036
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-27
Asphalt Shingles - Building 5 - 2027Asset ID 1034
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 6 - 2027Asset ID 1035
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 7 - 2027Asset ID 1033
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building 8 - 2027Asset ID 1040
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-28
Asphalt Shingles - Building 9 - 2027Asset ID 1038
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'10 - 2027Asset ID 1039
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'11 - 2027Asset ID 1042
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'12 - 2027Asset ID 1041
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-29
Asphalt Shingles - Building'13 - 2027Asset ID 1043
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'14 - 2027Asset ID 1045
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'15 - 2027Asset ID 1046
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'16 - 2027Asset ID 1047
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-30
Asphalt Shingles - Building'17 - 2027Asset ID 1048
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'18 - 2027Asset ID 1044
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'19 - 2027Asset ID 1049
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'20 - 2027Asset ID 1050
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-31
Asphalt Shingles - Building'21 - 2027Asset ID 1051
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'22 - 2027Asset ID 1052
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Building'23 - 2027Asset ID 1053
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
134 Squares @ $325.00Asset Cost $43,550.00
Percent Replacement 100%Future Cost $58,527.56
Asphalt Shingles - Mail Pavilions - 2027
Asset ID 1055
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
8 Squares @ $325.00Asset Cost $2,600.00
Percent Replacement 100%Future Cost $3,494.18
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-32
Asphalt Shingles - Mail Pavilions continued...
Asphalt Shingles - Pool Cabana - 2027Asset ID 1054
RoofingPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
18 Squares @ $325.00Asset Cost $5,850.00
Percent Replacement 100%Future Cost $7,861.91
Roofing - Total Current Cost $1,010,100
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-33
Building 1 - 2037Asset ID 1120
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 2 - 2037Asset ID 1129
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 3 - 2037Asset ID 1128
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 4 - 2037Asset ID 1122
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-34
Building 5 - 2037Asset ID 1124
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 6 - 2037Asset ID 1123
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 7 - 2037Asset ID 1121
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building 8 - 2037Asset ID 1127
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-35
Building 9 - 2037Asset ID 1126
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'10 - 2037Asset ID 1106
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'11 - 2037Asset ID 1125
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'12 - 2037Asset ID 1107
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-36
Building'13 - 2037Asset ID 1110
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'14 - 2037Asset ID 1111
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'15 - 2037Asset ID 1112
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'16 - 2037Asset ID 1113
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-37
Building'17 - 2037Asset ID 1108
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'18 - 2037Asset ID 1109
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'19 - 2037Asset ID 1114
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'20 - 2037Asset ID 1115
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-38
Building'21 - 2037Asset ID 1116
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'22 - 2037Asset ID 1117
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Building'23 - 2037Asset ID 1118
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
614 Linear Feet @ $5.10Asset Cost $3,131.40
Percent Replacement 100%Future Cost $5,655.66
Mail Pavilions - 2037Asset ID 1130
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
240 Linear Feet @ $5.10Asset Cost $1,224.00
Percent Replacement 100%Future Cost $2,210.68
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-39
Mail Pavilions continued...
Pool Cabana - 2037Asset ID 1119
Gutters & DownspoutsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
126 Linear Feet @ $5.10Asset Cost $642.60
Percent Replacement 100%Future Cost $1,160.61
Gutters & Downspouts - Total Current Cost $73,889
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-40
Building 1 - 2022Asset ID 1073
Exterior PaintingPlaced in Service August 2014
Useful Life 8Replacement Year 2022
Remaining Life 5
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $11,673.89
Building 2 - 2022Asset ID 1075
Exterior PaintingPlaced in Service September 2014
Useful Life 8Replacement Year 2022
Remaining Life 5
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $11,673.89
Building 3 - 2018Asset ID 1076
Exterior PaintingPlaced in Service June 2007
Useful Life 8Adjustment 3
Replacement Year 2018Remaining Life 1
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,372.10
Building 4 - 2022Asset ID 1077
Exterior PaintingPlaced in Service October 2014
Useful Life 8Replacement Year 2022
Remaining Life 5
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $11,673.89
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-41
Building 5 - 2023Asset ID 1078
Exterior PaintingPlaced in Service July 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,024.11
Building 6 - 2023Asset ID 1079
Exterior PaintingPlaced in Service August 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,024.11
Building 7 - 2023Asset ID 1080
Exterior PaintingPlaced in Service August 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,024.11
Building 8 - 2023Asset ID 1081
Exterior PaintingPlaced in Service September 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,024.11
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-42
Building 9 - 2023Asset ID 1074
Exterior PaintingPlaced in Service October 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,024.11
Building'10 - 2024Asset ID 1072
Exterior PaintingPlaced in Service April 2016
Useful Life 8Replacement Year 2024
Remaining Life 7
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,384.83
Building'11 - 2024Asset ID 1082
Exterior PaintingPlaced in Service May 2016
Useful Life 8Replacement Year 2024
Remaining Life 7
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,384.83
Building'12 - 2024Asset ID 1085
Exterior PaintingPlaced in Service May 2016
Useful Life 8Replacement Year 2024
Remaining Life 7
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,384.83
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-43
Building'13 - 2024Asset ID 1086
Exterior PaintingPlaced in Service June 2016
Useful Life 8Replacement Year 2024
Remaining Life 7
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,384.83
Building'14 - 2024Asset ID 1087
Exterior PaintingPlaced in Service June 2016
Useful Life 8Replacement Year 2024
Remaining Life 7
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $12,384.83
Building'15 - 2017Asset ID 1088
Exterior PaintingPlaced in Service June 2007
Useful Life 8Replacement Year 2017
Remaining Life 0
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,070.00
Building'16 - 2017Asset ID 1089
Exterior PaintingPlaced in Service June 2007
Useful Life 8Replacement Year 2017
Remaining Life 0
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,070.00
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-44
Building'17 - 2017Asset ID 1090
Exterior PaintingPlaced in Service June 2007
Useful Life 8Replacement Year 2017
Remaining Life 0
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,070.00
Building'18 - 2017Asset ID 1091
Exterior PaintingPlaced in Service June 2007
Useful Life 8Replacement Year 2017
Remaining Life 0
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,070.00
Building'19 - 2017Asset ID 1092
Exterior PaintingPlaced in Service June 2007
Useful Life 8Replacement Year 2017
Remaining Life 0
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,070.00
Building'20 - 2018Asset ID 1071
Exterior PaintingPlaced in Service June 2007
Useful Life 8Adjustment 3
Replacement Year 2018Remaining Life 1
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,372.10
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-45
Building'21 - 2018Asset ID 1083
Exterior PaintingPlaced in Service June 2007
Useful Life 8Adjustment 3
Replacement Year 2018Remaining Life 1
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,372.10
Building'22 - 2018Asset ID 1084
Exterior PaintingPlaced in Service June 2007
Useful Life 8Adjustment 3
Replacement Year 2018Remaining Life 1
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,372.10
Building'23 - 2018Asset ID 1094
Exterior PaintingPlaced in Service June 2007
Useful Life 8Adjustment 3
Replacement Year 2018Remaining Life 1
10,600 Square Feet @ $0.95Asset Cost $10,070.00
Percent Replacement 100%Future Cost $10,372.10
Mail Pavilions - 2023Asset ID 1095
Exterior PaintingPlaced in Service June 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
2 Each @ $1,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,388.10
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-46
Mail Pavilions continued...
Pool Cabana Stucco & Wood - 2023
Asset ID 1093
Exterior PaintingPlaced in Service June 2015
Useful Life 8Replacement Year 2023
Remaining Life 6
1 Lump Sum @ $4,800.00Asset Cost $4,800.00
Percent Replacement 100%Future Cost $5,731.45
Exterior Painting - Total Current Cost $238,410
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-47
Building 1 - 2037Asset ID 1030
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building 2 - 2037Asset ID 1008
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-48
Building 3 - 2037Asset ID 1022
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building 4 - 2037Asset ID 1024
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-49
Building 5 - 2037Asset ID 1025
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building 6 - 2037Asset ID 1026
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-50
Building 7 - 2037Asset ID 1027
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building 8 - 2037Asset ID 1028
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-51
Building 9 - 2037Asset ID 1029
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'10 - 2037Asset ID 1023
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-52
Building'11 - 2037Asset ID 1009
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'12 - 2037Asset ID 1010
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-53
Building'13 - 2037Asset ID 1011
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'14 - 2037Asset ID 1012
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-54
Building'15 - 2037Asset ID 1014
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'16 - 2037Asset ID 1015
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-55
Building'17 - 2037Asset ID 1016
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'18 - 2037Asset ID 1017
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'19 - 2037Asset ID 1018
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'20 - 2037Asset ID 1019
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-56
Building'21 - 2037Asset ID 1020
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'22 - 2037Asset ID 1021
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Building'23 - 2037Asset ID 1013
Balcony RailingsPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
20 Linear Feet @ $60.00Asset Cost $1,200.00
Percent Replacement 100%Future Cost $2,167.33
Balcony Railings - Total Current Cost $27,600
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-57
Access Control System Allowance - 2017
Asset ID 1097
Swimming PoolPlaced in Service June 2007
Useful Life 10Replacement Year 2017
Remaining Life 0
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,000.00
Concrete Pavers - Pool Deck - 2037
Asset ID 1100
Swimming PoolPlaced in Service June 2007
Useful Life 30Replacement Year 2037
Remaining Life 20
5,780 Square Feet @ $6.50Asset Cost $37,570.00
Percent Replacement 100%Future Cost $67,855.60
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-58
Pool Furniture Allowance - 2017Asset ID 1099
Swimming PoolPlaced in Service June 2016
Useful Life 1Replacement Year 2017
Remaining Life 0
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,000.00
Pool Pumps & Equipment Allowance - 2017
Asset ID 1101
Swimming PoolPlaced in Service June 2016
Useful Life 1Replacement Year 2017
Remaining Life 0
1 Lump Sum @ $2,000.00Asset Cost $2,000.00
Percent Replacement 100%Future Cost $2,000.00
Pool Resurfacing & Tile - 2022Asset ID 1096
Swimming PoolPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
2,800 Square Feet @ $12.00Asset Cost $33,600.00
Percent Replacement 100%Future Cost $38,951.61
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-59
Pool Resurfacing & Tile continued...
Wood Pergola - 2031Asset ID 1098
Swimming PoolPlaced in Service June 2007
Useful Life 24Replacement Year 2031
Remaining Life 14
70 Square Feet @ $24.00Asset Cost $1,680.00
Percent Replacement 100%Future Cost $2,541.15
Swimming Pool - Total Current Cost $78,850
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-60
Floor & Wall Tile - 2027Asset ID 1105
Pool CabanaPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
408 Square Feet @ $12.00Asset Cost $4,896.00
Percent Replacement 100%Future Cost $6,579.81
Plastic Laminate Toilet Partitions - 2027Asset ID 1104
Pool CabanaPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
2 Stalls @ $900.00Asset Cost $1,800.00
Percent Replacement 100%Future Cost $2,419.05
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-61
Plumbing Fixtures - 2027Asset ID 1103
Pool CabanaPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
6 Each @ $800.00Asset Cost $4,800.00
Percent Replacement 100%Future Cost $6,450.80
Water Coolers - 2022Asset ID 1102
Pool CabanaPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
2 Each @ $900.00Asset Cost $1,800.00
Percent Replacement 100%Future Cost $2,086.69
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-62
Pool Cabana - Total Current Cost $13,296
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-63
Fire Alarm Panel - 2027Asset ID
Life SafetyPlaced in Service June 2007
Useful Life 20Replacement Year 2027
Remaining Life 10
23 Each @ $400.00Asset Cost $9,200.00
Percent Replacement 100%Future Cost $12,364.03
Life Safety - Total Current Cost $9,200
The Cottages at Winding Creek Condominium Association Component Detail
Community Advisors, LLCPAGE 4-64
Golf Cart - 2022Asset ID 1131
EquipmentPlaced in Service June 2007
Useful Life 15Replacement Year 2022
Remaining Life 5
1 Each @ $8,000.00Asset Cost $8,000.00
Percent Replacement 100%Future Cost $9,274.19
Equipment - Total Current Cost $8,000
Community Advisors, LLCPAGE 5-1
MethodologyContent of Reserve Study
A Reserve Study is a two part process that includes a physical analysis and a financial analysis which produces acustom made plan for funding future capital replacement. Having a good plan allows you to understand what iscurrently reserved for, what is not and how the current plan will perform for future years. Ability to adjustcontributions early may prevent special assessments or loans to pay for component replacement.
Types of Reserve Studies
Full Reserve Study Level I This include a site visitReserve Study Update Level II This includes a site visitReserve Study Update Level III No site visit, financial review only
Physical Analysis
During the physical analysis, a site visit is conducted to evaluate major components such as streets, roofs, pools,etc. and build an inventory of components, determine the condition of each and make a projection as to theirremaining useful life. No destructive testing is conducted.
Component Selection
Community Associations Institute (CAI) has established standards for reserve studies and selection ofcomponents.
1. Component must be a commonly owned asset
2. Component must have a limited life
3. That Limited life must be predictable
4. Replacement cost must be above a minimum threshold cost
Some components do not meet that test but can be included with the proper analysis and full understanding ofthe client. In these cases allowance are generally used.
Useful life and remaining useful life sources
A. Site inspection by experienced inspector
B. Our database of information
C. Historical information furnished by the client
D. Local Consultants and Vendors
E. National publications such as Marshall & Swift, RS Means and others
Replacement cost Established by
1. Our database & local cost from contractors and suppliers
2. Historical cost information furnished by the client
3. National publication such as Marshall & Swift, RS Means and others
Community Advisors, LLCPAGE 5-2
Financial Analysis
The financial analysis assesses the community’s reserve balance, current contributions and interest income todetermine their current reserve fund status. This provides a clear picture of their current financial capability topay for future capital needs.
Adequate Funding
Having a lot of cash in reserves is always a good thing but it may not be enough to meet future replacement cost.The only way to know is by completing your reserve study. If using Cash Flow Funding we set the level offunding for adequate funding. While 100% or Full Funding is best you may only fund to an adequate level and beok.
⦁ 70% to 100% Funding is considered Strong⦁ 30% to 70% Funding is considered Adequate⦁ 0% to 30% Funding is considered Weak
Contributions
We recommend following a custom funding plan we develop for you that includes:
⦁ Adequate cash balance⦁ Even contributions so all owners pay their fair share over time⦁ Minimum contributions necessary with acceptable increases
Funding Goals
We use several type of funding goals including Full Funding, Threshold Funding, Baseline and StatutoryFunding. Here is how the Funding Goals work:
Full Funding - As we mentions full is always the best if you can do it! Plans with Full Funding do not usuallyexperience deferred maintenance or special assessments.
Threshold Funding – Balances are kept above a minimum “Threshold” level to adequate fund reserves. The goalhere is to work towards full funding over time.
Baseline Funding - Reserves are maintained at a set level above zero.
Statutory Funding – Balance set based on local statutes
Funding Methods
The Cash Flow Method develops a reserve-funding plan where contributions to the reserve fund are designed tooffset the variable annual expenditures from the reserve fund.
The Component Method develops a reserve-funding plan where the total contribution is based upon the sum ofcontributions for individual components. When interest and inflation are not included the results are consideredthe “Straight Line Method”.
Community Advisors, LLCPAGE 5-3
Reserve Terms Dictionary
Accumulated Reserve Balance: The anticipated reserve balance on the first day of the fiscal year forwhich the report has been prepared.
Net Monthly Allocation: The sum of the monthly assessment and interest contribution figures.
Annual Assessment increase: The percentage rate at which the association will increase its assessmentto reserves at the end of each year until the year in which the asset is replaced. For example, in order toaccumulate $10,000 in 10 years, you set aside $1,000 per year. As an alternative, you could set aside$795 the first year and increase that amount by 5% each year until year of replacement. In either case youarrive at the same amount. The idea is that you start setting aside a lower amount and increase thatnumber each year in accordance with the planned percentage. Ideally this should be equal to the rate ofinflation. It can, however, be used to aid those associations who have not set aside appropriate reserves inthe past by making the initial year's allocation less formidable.
Investment Yield: The average interest rate anticipated by the association based upon their currentinvestment practices.
Budget year beginning/ending (fiscal): the budgetary year for which the report is prepared. Forassociations with fiscal years ending December 31, the monthly assessment figures indicated are for the12 month period beginning 1/1/0X and ending 12/31/0X.
Monthly Assessment: The assessment for reserves required by the association each month.
Interest Contribution: The interest that should be earned on the reserves, net of taxes, based upon theirbeginning reserve balance and monthly assessments for one year. This figure is averaged for budgetingpurposes.
Threshold Funding Model: This analysis calculates the minimum reserve assessments, with therestriction that the reserve balance is not allowed to go below $0 or other predetermined threshold,during the period of time examined. All funds for planned reserve expenditures will be available on thefirst day of each fiscal year. The Threshold Funding Model allows the client to choose the level ofconservative funding it desires by choosing the threshold dollar amount.
Current Assessment Funding Model: This analysis is based on the current annual assessment,parameters, and reserve fund balance. Because It is calculated using the current annual assessment, it willgive an accurate projection of how well the association is funded for the next 30 years of planned reserveexpenditures.
Component Funding Model: This funding model’s long-term objective is to provide a plan to a fullyfunded reserve position over the longest period of time practical. This is the most conservative fundingmodel.
Fixed Accumulated Reserves: An optional figure which, if used, will override all calculations and setthe assessment at this amount.
Percentage of Replacement: In some cases, an asset may not be replaced in its entirety or the cost maybe shared with a second party. Examples are budgeting for a percentage of replacement of streets over aperiod of time, or sharing the expense to replace a common wall with a neighboring party.
Community Advisors, LLCPAGE 5-4
Placed in Service Date: The month and year that the asset was placed in service. This may be theconstruction date, the first escrow closure date in a given phase, or the date of the last servicing orreplacement.
Future Replacement Cost: The estimated cost to repair or replace the asset at the end of its estimateduseful life based upon the current replacement cost and inflation.
Taxes on Yield: The estimated percentage of interest income which will be set aside for taxes.
Replacement Year: The year that the asset is scheduled to be replaced. The appropriate funds will beavailable by the first day of the fiscal year for which replacement is anticipated.
Estimated Remaining Life: This calculation is completed internally based upon the report's fiscal yeardate and the date the asset was placed in service.
Adjustment to Useful Life: Once the useful life is determined, it may be adjusted +/- by this separatefigure for the current cycle of replacement. This will allow for a current period adjustment withoutaffecting the estimate replacement cycles for future replacements.
Estimated Useful Life: The estimated useful life of an asset based upon industry standards, manufacturerspecification, visual inspection, location, usage, association standards and prior history. All of thesefactors are taken into consideration when tailoring the estimated useful life to the particular asset. Forexample, the carpeting in a hallway or elevator (a heavy traffic area) will not have the same life as theidentical carpeting in a seldom used meeting room or office.
Salvage Value: This term defined estimates the salvage value of the asset at the time of replacement, ifapplicable.One Time Replacement: Notation if the asset is to be replaced on a one-time basis. CurrentReplacement Cost: The estimated replacement cost effects as of the beginning of the fiscal year for whichthe report is being prepared.
Community Advisors, LLCPAGE 5-5
General Assumptions⦁ Our site visit is a limited inspection of the commonly owned assets that we observe while onsite. We
assume that all information about these components has been furnished and upon your review of thereport you will notify us of any discrepancy you find in the inventory. We will then make necessaryadjustments to the inventory and funding plan.
⦁ Your property contains components that have different useful service life and some that have anunpredictable useful life. We provide information about both types and include them in our report eitheras information or as a component that is funded. Many times the components with unpredictable usefullife are funded with an allowance for both replacement cost and useful life.
⦁ Long life components such as storm water drainage systems, utility lines, electrical panels and variousother components are not typically included in our analysis. We assume that you will notify us if any ofthese type of components should be included due to some construction defect or damage.
⦁ We separate your component inventory into four groups:
⦁ Reserve Components that are funded
⦁ Components funded by the Operational Budget
⦁ Individual unit owner funded components
⦁ Component not included in our analysis
⦁ Landscaping and irrigation allowances are included as needed.
⦁ Building components such as foundations, slabs, wall and roof framing are not included.
⦁ Replacement of entire structures such as guardhouses are not included unless noted.
⦁ Exterior wall surfaces such as brick or wood siding replacement is not included.
⦁ Water and sewer lines in buildings are not included unless noted.
⦁ Windows and doors are not included unless noted.
Community Advisors, LLCPAGE 6-1
Terms of ServiceThis document has been provided pursuant to an agreement containing restrictions on its use. No part of thisdocument may be copied or distributed, in any form or by any means, nor disclosed to third parties without theexpressed written permission of Community Advisors, LLC.
This reserve analysis study and the parameters under which it has been completed are based upon informationprovided to us in part by representatives of the Community Association, Management Company, CommunityDevelopment District and its contractors, assorted vendors, specialist and independent contractors, theCommunity Association’s Institute, and various construction pricing and scheduling manuals including, but notlimited to: Marshall & Swift Valuation Service, RS Means Building Construction Cost Data and from numerousvendor catalogues, actual quotations or historical costs, and our own experience in the field of propertymanagement and reserve study preparation.
If we update your current reserve study completed by others we assume all of the commonly owned componentsare included and the quantities are accurate.
No liability is assumed as the result of changing market prices or inaccurate estimates or projections of remaininguseful life of components. We are not responsible for any hidden defects or determining the condition of hiddenor underground components or systems.
Observing environmental conditions, hazardous materials or determine compliance with building codes or ADAregulations is not included in our scope of work.
Our site visit is not a safety inspection and we are not responsible for any hazards that exist.
Community Advisors, LLC will not be required to participate in any legal action conducted on a property forwhatever reason and shall also not be required to give testimony in depositions or in court. In all cases theliability of any action taken against Community Advisors, LLC and its Principals, Employees, contractors andVendors shall be limited to the consulting fee agreed upon for the production of this report.
This reserve study is a reflection of the information provided by this client and assembled for their use and not forthe purposes of performing an audit, quality or forensic analyses, or background checks of historical records.This information should not be used to estimate construction projects or relied upon for replacement cost untilcurrent vendor pricing has been obtained.
We assume all components have been maintained properly unless noted in this report and our remaining usefullife projections assume they will be maintained per normal operating standards
Replacement cost does not include any Engineering or Architectural fees unless noted in the study. Beginningfund balances are unaudited and provided by the Association or Manager.
Unless noted in the report we assume the funding goal of the Association is to reserve adequate funds for futurecapital replacements if they are pooling their reserves and fully funding reserves if they are using the ComponentMethod of funding.
It has been assumed, unless otherwise noted in this report, that all assets have been designed and constructedproperly and that each estimated useful life will approximate that of the norm per industry standards and/ormanufacturer’s specifications. In some cases, estimates may have been used on assets, which have anindeterminable but potential liability to the Association or Community Development District. The decision for
Community Advisors, LLCPAGE 6-2
the inclusion of these as well as all assets considered is left to the client.
Use of this report is acceptance by the Client of the above Information and Conditions.
We recommend regular updates to this study to account for changes in interest and inflation rates andreplacement cost.
Community Advisors and the analyst who prepared this study have any relationship that can be considered aconflict of interest. From time to time our clients ask that we manage repair or replacement of components dueto our experience in construction management. We do so with the understanding that full disclosure has beenobtained and that we are working in the best interest of our client. We do not identify components forreplacement to obtain construction management work.
Community Advisors, LLCPAGE 7-1
Community Advisors
Community Advisors home office is in Jacksonville, Florida providing property inspection services, capitalreserve planning and construction oversight for communities throughout the Southern and Mid-Atlantic States.
Our clients experience quick response, personal service, competitive pricing and receive a custom made plan fortheir future capital replacements. We like to sit down and discuss your concerns prior to our site analysis so wecan better understand your community or property and make sure we have included everything you expect.
Then we conduct a comprehensive site visit to make sure we know your property and include all your assets inour analysis. With our years of experience with community development and commercial construction projectswe understand both horizontal and vertical construction and utilize realistic replacement cost and useful lifeprojections in our analysis.
Once we have completed our site visit we conduct the Financial Analysis where we look at your current reservefund balance, annual contributions and your goal for maintaining adequate reserves. Then we build a custommade financial plan to make sure you have adequate funding for the future and keep contributions as reasonableand moderate as possible.
Our valued clients include:
⦁ High-rise Condominium Association
⦁ Homeowner Associations
⦁ Churches
⦁ Time Share Developments
⦁ Active Adult Communities
⦁ Private Schools
⦁ Business Parks
⦁ Resort Communities
⦁ Non Profit Organizations
⦁ Municipal Utility Plants
⦁ Marinas
⦁ Historic Buildings & Museums
Community Advisors, LLCPAGE 7-2
Reserve Analyst & Inspectors CredentialsCharles R. Sheppard RS PRA CCI
Charlie Sheppard is the owner and President of Community Advisors which provides capital reserve analysis,consulting services, commercial inspections and project management for community associations, private clubs,churches, schools and other entities.
He has over 30 years of experience in real estate development, property operation, commercial propertyinspections and construction management. He has participated on the development team for large planned unitdevelopments and mid-rise office building parks. He has also worked for many years as commercial constructionmanager for a wide range of structures including medical facilities, office buildings, churches, restaurants,clubhouses, infrastructure installation and remodeling and repositioning of properties to match market conditions.
Areas of expertise include mechanical and electrical systems, energy management systems, life safety systems,plumbing systems, building envelope and roof components. Horizontal improvement experience include marinestructures, street and site concrete construction, utilities, site work and landscaping improvements.
Inspection projects include: High rise office and residential buildings, restaurants, industrial properties, churches,private schools, private clubs, marinas, medical facilities, warehouse and industrial properties, water treatmentfacilities and residential properties.
EducationVirginia Polytechnic Institute & State University – BS
LicenseCertified General Contractor - Florida
Certified Home Inspector - Florida
Professional Designations & Memberships
Certified Construction Inspector, (CCI)
Professional Reserve Analyst, (PRA)
Reserve Specialist, (RS)
Member – Association of Construction Inspectors
Member - Association of Professional Reserve Analyst – APRA
Business Partner - Community Associations Institute – CAI
Community InvolvementMember & Past President Southpoint Rotary Club