ABCDEFGHIJKL
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Projected Expenditures for Special and/or Supplemental Assessments
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The ThingProjected ChargePerAdjust if NeededTotal Needed nowFrom Operating BudgetIn Reserve FundOne tenth of Reserve Amount So Extra Amount Needed for 2024
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We’re now reserving about half of what is needed each year. So using 1/10th of what is allowed in fund
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Insurance $ 400,000 year1/2 for this year= $ 200,000 $ 54,348 $ - $ - $ 145,652 Current Insurance $132,085 so times 3 rounded up. Now paying $9,058 per month so that times 6 for rest of the year
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Elevators $ 8,000 Rounded from current report $ 8,000 $ 7,000 $ 300,000 $ - $ 1,000 $14,000 in budget. Maybe covered? Used half. Plus Not using reserve. See (D) below.
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Wiring $ 60 Receptacles plus 500? See below $ 124,800 $ 2,000 $ 35,720 $ 3,572 $ 119,228 Was told $30 per. Guessed # of receptacles and added some. Light fixtures and Electrical Repairs in Reserves. (E and G)
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Plumbing (Leaks) $ 15,000 Rounded from current report $ 3,000 $ 3,000 $ 150,000 $ 15,000 58 leak, clean up for elevator 67. There’s $6,000 in budget so using half. Don’t need (C and F)
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Decks $ 5,000 Urgent Decks. Check with engineer report 6 $ 30,000 $ - $ 170,000 $ 17,000 $ 13,000 Decks are at various levels of damage so average $5,000 each for urgent 6? Plus (B)
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Fountain $ - $ 8,000 $ - $ (8,000) Voted not to use remaining $9,292 in budget so using part of that here.
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Grier $ 4,000 $ - Take from operating so 0?
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Roads $ 217,398 $ 21,740 We could use $21,740 from reserve for work on roads if we’re not tired of spending. :-). Reserve (A)
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Number of Months to payPercentage Ownership -Section C of BylawsNumber of Units for percentageAmount Owners Will be AssessedIncome for each percntage Per Month4
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50.00715113161 br$1,937$30,994 $ 387
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0.00876041502 br$2,373$118,651 $ 475
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0.00977365442 br+$2,647$116,489 $ 529 $ 57,312 $ 270,880
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0.017520821double$4,746$4,746 $ 949
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111 $ 270,880 $270,880
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My Wiring Common Areas-Estimate
Reserve Components
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How many per building or floorTimesEquals how manyTimes $30
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Laundry Rooms8432 $ 960
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Garages20480 $ 2,400
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Hallways1014140 $ 4,200
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Trash Rooms31442 $ 1,260
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Gazebo10110 $ 300
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Panels?4416 $ 480
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Other?504200 $ 6,000
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0 $ -
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0 $ -
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0
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0 $ 15,600
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times8520 $ 124,800
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Related Reserve Fund Amounts
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ABCDEFG
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AsphaltBalcony RepairFoundation RepairsElevatorLight FixturesPlumbing RepairsElectrical Repairs
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7917017000090000300000207206000015000
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43224
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95004
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 $ 217,398 $ 170,000 $ 90,000 $ 300,000 $ 20,720 $ 60,000 $ 15,000
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 $ 21,740 $ 17,000 $ 9,000 $ 30,000 $ 2,072 $ 6,000 $ 1,500
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 $ 15,000 35720
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 $ 3,572
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Reserve Study Webinar
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