Crown Mountain Park Reserve Study Update

Transcription

1 Reserve Study Update Reserve Study Update Project No Prepared for Crown Mountain Park El Jebel, Colorado Prepared by PO Box 3890 Parker, Colorado October 28, 2016

2 TABLE OF CONTENTS Crown Mountain Park Introduction 1 Detail Report by Category 3 Annual Expenditure Spread Sheet 39 Annual Expenditure Detail 45 Existing Reserve Study Summary 53 Existing Reserve Study Projection 54 Preliminary Reserve Study Summary 55 Preliminary Reserve Study Projection 56

3 Introduction has been commissioned by Crown Mountain Park and Recreation District to prepare a Reserve Study update. The purpose of this Reserve Study is to evaluate the common-area components for major repair, maintenance and replacement that are the responsibility of the District. This Study provides a limited-scope evaluation of the existing condition and remaining life of the common-area components. The Study also includes estimated costs for the major repair, maintenance and/or replacement of the items to enable the District to establish an adequate level of reserve funds for the upkeep of the property. Major repair, maintenance and/or replacement items are defined as anything that costs over $1,000. Community Description The Recreation District consists of a restroom and concessions building, park office, asphalt parking lot and driveway, concrete walkways, picnic shelter, benches, drinking fountains, trash receptacles, picnic tables, dog stations, playground, trees and landscape, irrigation system, well and pump, basketball and tennis courts, equipment, volleyball courts, horseshoe pits, dog park, and soccer fields. Approach To prepare this Reserve Study Projection, has completed the necessary research, the component report, the cost estimates, the financial projections, and the projection interpretation. The projections were assembled using the cash flow method. This method develops a reserve funding plan where contributions to the reserve fund are designed to offset the variable annual expenditures from the reserve fund. Different reserve funding plans are tested against the anticipated schedule of reserve expenses until a desired funding program is achieved. Reference Material The following references were provided to for this Reserve Study by the client: 2008 Reserve Study Historical expense and past capital project information Exclusions Items not included in this Projection Update are: Non- common area components. District components that have estimated costs below the reserve component threshold amount of $1,000. Long lasting items with estimated economic lives exceeding 30 years, such as sanitary sewers or building structural components. However, these items are included if they are known to have a fairly predictable anticipated useful life that falls within the term of the Study. Normal operating items, i.e., taxes, insurance, snow plowing, utilities, cleaning and landscape maintenance, etc. PAGE 1

4 Disclaimer This Reserve Study was prepared specifically for the Crown Mountain Park and Recreation District. The information contained within this document has been assembled in conjunction with the client and is intended to assist the client with its reserve planning and funding. does not guarantee, either explicitly or implied, that all repair and replacement items have been identified, the accuracy of the probable costs or the component lives. In providing the opinions of probable replacement costs, the client understands that has no control over costs or the price of labor, equipment or materials, or over the contractor s method of pricing, and that the opinions of probable replacement costs provided herein are made on the basis of s qualifications and experience. makes no warranty, expressed or implied, as to the accuracy of such opinions as compared to actual bid or construction costs. All comments made are based on conditions seen at the time of the site visit. We do not accept any responsibility for unknown or unknowable conditions within the existing site or structures. PAGE 2

5 Crack fill, patch, and stripe Asset ID B01.1 Paving Asphalt Drive and Parking Lot Placed in Service September 2013 Useful Life 3 Adjustment 1 Replacement Year 2017 Remaining Life 1 330,000 $0.21 Asset Cost $69, Future Cost $71, Description: Asphalt pavement located at the two main parking lots and entrance road. Condition: Good condition. Cyclically crack fill, patch, and stripe the asphalt surface every 3 years, starting in PAGE 3

6 Mill and overlay Asset ID B01.2 Paving Asphalt Drive and Parking Lot Placed in Service September 2006 Useful Life 17 Replacement Year 2023 Remaining Life 7 330,000 $3.00 Asset Cost $990, Future Cost $1,217, Description: Asphalt pavement located at the two main parking lots and entrance road. Condition: Good condition. Cyclically mill and overlay or partial replacement of the asphalt surfaces every 17 years, starting in PAGE 4

7 Overlay entrance to office Asset ID B01.3 Paving Asphalt Drive and Parking Lot Placed in Service September 2017 Useful Life 15 Replacement Year 2017 Remaining Life 1 9,225 $3.50 Asset Cost $32, Future Cost $33, Description: Gravel entrance to office building. Condition: Satisfactory condition. Overlay the entrance to the office building every 15 years, starting in PAGE 5

8 Overlay parking area near dog park Asset ID B01.4 Paving Asphalt Drive and Parking Lot Placed in Service September 2022 Useful Life 15 Replacement Year 2022 Remaining Life 6 19,837 $3.50 Asset Cost $69, Future Cost $82, Description: Asphalt Parking area located adjacent to tennis courts and dog park. Condition: Satifactory condition, the parking area currently has a gravel surface. Overlay the parking area every 15 years, starting in PAGE 6

9 Remove and replace damaged concrete Asset ID C01.1 Flatwork Sidewalks Placed in Service February 2006 Useful Life 7 Adjustment 7 Replacement Year 2019 Remaining Life 3 33,200 $25.00 Asset Cost $41, Percent Replacement 5% Future Cost $45, Description: There is 30,560 SF of concrete trails and 2,640 SF of concrete apron around the restroom/concession building. Condition: Good condition with minor cracking. Cyclically remove and replace damaged sections of the concrete trails and apron every 7 years, starting in 2019, or as needed. PAGE 7

10 Remove and replace damaged concrete Asset ID C02.1 Flatwork Concrete Curb and Drain Pan Placed in Service February 2006 Useful Life 7 Adjustment 11 Replacement Year 2023 Remaining Life 7 12,480 $30.00 Asset Cost $18, Percent Replacement 5% Future Cost $23, Description: There is 12,480 linear feet of curb and gutter. Condition: Good condition, with minor cracking. Cyclically remove and replace damaged sections of the concrete curb and gutter every 7 years, starting in PAGE 8

11 Replace landscaping Asset ID D01.1 Landscaping and Appurtenances Landscaping Placed in Service February 2006 Useful Life 5 Adjustment 8 Replacement Year 2018 Remaining Life 2 1 $20, Asset Cost $20, Future Cost $21, Description: Park landscaping with trees, shrubs and turf. Condition: Satisfactory Condition. Replace dead or diseased trees and shubs evey 5 years starting in PAGE 9

12 Replace Irrigation components Asset ID D01.2 Landscaping and Appurtenances Irrigation Placed in Service February 2006 Useful Life 25 Replacement Year 2030 Remaining Life 14 1 $15, Asset Cost $15, Future Cost $22, Description: The irrigation system consists of: (4) 32 station controllers. (2) Aquavar centrifugal 4 horse power water pumps. (7) miles of PVC pipes to the (64) Rainbird 2 PEB series water valves. (768) individual sprinkler heads. Condition: Satisfactory condition, There is a service contract for the maintenance of landscaping and irrigation. Replace irrigation controllers, pumps, and valves as needed on a yearly basis. PAGE 10

13 Replace pvc irrigation lines Asset ID D01.3 Landscaping and Appurtenances Irrigation Placed in Service February 2006 Useful Life 30 Replacement Year 2035 Remaining Life 19 37,000 $25.00 Asset Cost $925, Future Cost $1,621, Description: The irrigation system has approximatley seven miles of pvc piping that will need to be replaced. Condition: Satisfactory condition, There is a service contract for the maintenance of landscaping and irrigation. Replace irrigation lines every 30 years, starting in PAGE 11

14 Replace well pump Asset ID D03.1 Landscaping and Appurtenances Well and Pump Placed in Service February 2013 Useful Life 12 Replacement Year 2024 Remaining Life 8 1 $25, Asset Cost $25, Future Cost $31, Description: There is a 120' deep well and 45 hp submersible pump are located across the road from the Dog Park. Condition: Satisfactory condition. Replace submersible pump every 12 years or as needed starting in PAGE 12

15 Replace park benches, tables, and receptacles Asset ID D04.1 Landscaping and Appurtenances Benches, Tables and Receptacles Placed in Service February 2007 Useful Life 1 Adjustment 10 Replacement Year 2017 Remaining Life 1 1 $5, Asset Cost $5, Future Cost $5, Description: There are various park benches, picnic tables, dog and trash receptacles loacated throughout the park. Condition: Satisfactory condition. Budget $7000 per year for replacement of park furnishings every year. PAGE 13

16 Replace park entrance monument Asset ID D05.2 Landscaping and Appurtenances Signs Placed in Service February 2007 Useful Life 15 Replacement Year 2021 Remaining Life 5 1 $5, Asset Cost $5, Future Cost $5, Description: There is a large entrance sign located at the entry of Crown Mountain Park. Condition: Satisfactory condition. Replace the entrance monument every 15 years, starting in PAGE 14

17 Replace park signs Asset ID D05.1 Landscaping and Appurtenances Signs Placed in Service February 2007 Useful Life 5 Adjustment 6 Replacement Year 2017 Remaining Life 1 1 $15, Asset Cost $15, Future Cost $15, Description: There are various signs loacated throughout the park, that will need to be updated as rules and information change. Condition: Satisfactory condition. Budget $15,000 every 5 years for replacement of park signs. PAGE 15

18 Replace playground equipment Asset ID D06.1 Landscaping and Appurtenances Playground Equipment Placed in Service September 2006 Useful Life 15 Replacement Year 2021 Remaining Life 5 1 $150, Asset Cost $150, Future Cost $173, Description: The playground structures include a large swing set which includes two tot swings and four regular swings, a climbing wall, three climbing structures, two toggle swirls, two spring toys, a three person spring toy, an easy access slide and a balance merry go round. Condition: Satisfactory Condition. Replace the playground equipment every 15 years, starting in 2021, or as needed. PAGE 16

19 Replace playground mulch Asset ID D06.2 Landscaping and Appurtenances Playground Equipment Placed in Service September 2006 Useful Life 4 Adjustment 7 Replacement Year 2017 Remaining Life 1 1 $6, Asset Cost $6, Future Cost $6, Description: The playground area also contains a wood mulch that should be replaced or added every four years. Condition: Satisfactory condition, there is a 3-4" drop off from the concrete trail to the playground surface. Adding much in these areas will allow for a better transition. Replace the playground mulch every 4 years, starting in 2017, or as needed. PAGE 17

20 Replace dog park fencing Asset ID D07.1 Landscaping and Appurtenances Dog Park Placed in Service September 2006 Useful Life 25 Replacement Year 2031 Remaining Life $25.00 Asset Cost $21, Future Cost $33, Description: Located at the far west end of the park is the dog park The fencing in the dog park consists of two 10 gates, and four 3 gates. The fencing is of a black vinyl, four foot high, chain-link type. There are a total of 856 linear feet of fencing. Condition: Satisfactory Condition. Replace dog park fencing every 25 years, starting in Replace dog park gates as an operational expense, as needed. PAGE 18

21 Resurface basketball courts Asset ID E02.1 Sports and Recreation Facilities Basketball Courts Placed in Service August 2006 Useful Life 10 Adjustment 7 Replacement Year 2022 Remaining Life 6 1 $25, Asset Cost $25, Future Cost $29, Description: The basketball courts have an asphalt base with a rubber suface. Condition: Good condition, with some cracking. Resurface basketball courts every 10 years starting in PAGE 19

22 Resurface tennis courts Asset ID E03.1 Sports and Recreation Facilities Tennis Courts Placed in Service August 2006 Useful Life 10 Adjustment 7 Replacement Year 2022 Remaining Life 6 1 $25, Asset Cost $25, Future Cost $29, Description: The tennis courts have an asphalt base with a rubber surface. Condition: Satisfactory conditon with some spalling. Resurface tennis courts every 10 years starting in PAGE 20

23 Replace volleyball court nets and posts Asset ID E04.1 Sports and Recreation Facilities Volleyball Courts Placed in Service August 2007 Useful Life 10 Adjustment 1 Replacement Year 2017 Remaining Life 1 2 $3, Asset Cost $7, Future Cost $7, Description: There are two volleyball courts. Condition: Satisfactory conditon, metal posts are leaning. Replace volleyball nets and posts every 10 years starting in 2017, or as needed. PAGE 21

24 Replace soccer goals Asset ID E05.1 Sports and Recreation Facilities Soccer Fields Placed in Service August 2018 Useful Life 12 Adjustment 1 Replacement Year 2018 Remaining Life 2 1 $4, Asset Cost $4, Future Cost $4, Description: Crown Mountain Park currently has four adult areas if turf grass soccer fields, additional turf areas are used for soccer as well. Condition: Satisfactory conditon. Most of goals are replaced by Basalt Soccer Club. Replace one set of soccer goals every 10 years starting in PAGE 22

25 Replace fencing Asset ID E06.1 Sports and Recreation Facilities Softball and Baseball Fields Placed in Service August 2006 Useful Life 12 Replacement Year 2017 Remaining Life 1 1 $19, Asset Cost $19, Future Cost $20, Description: There are 2 baseball fields located in Crown Mountain Park. Condition: Satifactory condition,some of the fencing sections were deformed as a result of being used as a backstop. Replace chain link fencing for baseball fields every 12 years starting in PAGE 23

26 Top dress fields Asset ID E06.1 Sports and Recreation Facilities Fields Placed in Service August 2006 Useful Life 3 Adjustment 9 Replacement Year 2017 Remaining Life 1 1 $50, Asset Cost $50, Future Cost $51, Description: There are 2 baseball fields and 4 soccer fields located in Crown Mountain Park. Condition: Satifactory condition. Top dress the soccer and baseball fields every 3 years starting in PAGE 24

27 Re-paint the steel structure Asset ID F01.1 Buildings Consessions Building Placed in Service August 2006 Useful Life 7 Adjustment 7 Replacement Year 2019 Remaining Life 3 1 $8, Asset Cost $8, Future Cost $8, Description: The restroom and concession building has a steel frame with corrugated rusted metal roofing and siding. Condition: The exterior of the consessions building is in good condtion. Re-paint the steel structure every 7 years starting in PAGE 25

28 Remodel consession bathrooms Asset ID F01.3 Buildings Consessions Building Placed in Service August 2006 Useful Life 15 Replacement Year 2020 Remaining Life 4 2 $8, Asset Cost $16, Future Cost $18, Description: The restrooms contain ceramic tile walls and concrete floors. Condition: Satisfactory condtion, the district is looking into expanding the restroom facilities due to high use. Remodel consession bathrooms every 15 years starting in PAGE 26

29 Replace the kitchen appliances Asset ID F01.2 Buildings Consessions Building Placed in Service August 2006 Useful Life 7 Adjustment 7 Replacement Year 2019 Remaining Life 3 1 $6, Asset Cost $6, Future Cost $6, Description: The concession room contains, cooking appliances and refrigerator. Condition: Satisfactory condtion. Replace appliances every 7 years starting in PAGE 27

30 Refurbish office interior Asset ID F02.1 Buildings Office Building Placed in Service August 2006 Useful Life 12 Adjustment 3 Replacement Year 2020 Remaining Life 4 1 $12, Asset Cost $12, Future Cost $13, Description: The park office building consists of two offices, a bathroom, a storage room, and a workshop. Condition: Satisfactory conditon. Budget $12,000 every 12 years for replacement of carpet, painting, and furnishings. PAGE 28

31 Replace garage doors and operators Asset ID F02.2 Buildings Office Building Placed in Service August 2006 Useful Life 12 Adjustment 3 Replacement Year 2020 Remaining Life 4 2 $2, Asset Cost $4, Future Cost $4, Description: The park office building consists of two offices, a bathroom, a storage room, and a workshop. Condition: Satisfactory conditon. Replace office building garage doors and operators every 12 years. PAGE 29

32 Replace picnic shelters Asset ID F03.1 Buildings Picnic Shelters Placed in Service August 2006 Useful Life 30 Replacement Year 2035 Remaining Life 19 3 $17, Asset Cost $52, Future Cost $92, Description: There is presently two medium sized picnic shelters and one shade structure at the park. Condition: Has some peeling and staining. Replace picnic structures every 30 years starting in PAGE 30

33 Replace lawn mowing equipment Asset ID G03.2 Landscaping and Appurtenances Equipment Placed in Service February 2006 Useful Life 10 Adjustment 3 Replacement Year 2018 Remaining Life 2 1 $35, Asset Cost $35, Future Cost $37, Description: The District owns various lawn mowing equipment. Condition: Satisfactory condition. Replace lawn mowing equipment every 10 years, starting in PAGE 31

34 Replace maintenance equipment Asset ID G03.1 Landscaping and Appurtenances Equipment Placed in Service February 2006 Useful Life 1 Adjustment 11 Replacement Year 2017 Remaining Life 1 1 $2, Asset Cost $2, Future Cost $2, Description: The District owns various maintenance equipment (tools, compressors, etc.) that will need to be replaced as needed. Condition: Satisfactory condition. Budget $2500 every year for tools and equipment, starting in PAGE 32

35 Replace paint machine Asset ID G03.3 Landscaping and Appurtenances Equipment Placed in Service February 2006 Useful Life 10 Adjustment 2 Replacement Year 2017 Remaining Life 1 1 $13, Asset Cost $13, Future Cost $13, Description: The District owns a paint machine. Condition: Satisfactory condition. Replace paint machine every 10 years, starting in PAGE 33

36 Replace snow plow Asset ID G03.4 Landscaping and Appurtenances Equipment Placed in Service February 2006 Useful Life 12 Adjustment 3 Replacement Year 2020 Remaining Life 4 1 $8, Asset Cost $8, Future Cost $9, Description: The District owns a snow plow. Condition: Satisfactory condition. Replace plow every 12 years, starting in PAGE 34

37 Replace pickup truck Asset ID G02.1 Vehicles Trucks Placed in Service August 2002 Useful Life 12 Adjustment 4 Replacement Year 2017 Remaining Life 1 1 $30, Asset Cost $30, Future Cost $30, Description: 2002 Dodge Dakota Pickup Truck Condition: Poor Condition. Replace pickup truck every 12 years starting in PAGE 35

38 Replace Mule Asset ID G02.3 Vehicles ATV's Placed in Service August 2016 Useful Life 10 Adjustment 1 Replacement Year 2026 Remaining Life 10 1 $18, Asset Cost $18, Future Cost $24, Description: Polaris Ranger XP Condition: New Condition. Replace mule every 10 years starting in PAGE 36

39 Replace four wheeler Asset ID G02.2 Vehicles ATV's Placed in Service September 2014 Useful Life 10 Replacement Year 2024 Remaining Life 8 1 $15, Asset Cost $15, Future Cost $19, Description: Four wheeler Condition: Good Condition. Replace the four wheeler every every 10 years starting in PAGE 37

40 Replace backhoe Asset ID G02.4 Vehicles Backhoe Placed in Service September 2000 Useful Life 20 Replacement Year 2020 Remaining Life 4 1 $65, Asset Cost $65, Future Cost $73, Description: John Deere Backhoe Condition: Satisfactory. Replace backhoe every 20 years starting in 2020, or as needed. PAGE 38

41 RA Annual Expenditure Spread Sheet Description Asphalt Drive and Parking Lot Crack fill, patch, and stripe 71,379 77,998 85,230 Mill and overlay 1,217,575 Overlay entrance to office 33,256 Overlay parking area near dog park 82,902 Asphalt Drive and Parking Lot Total: 104,635 77,998 82,9021,302,805 Sidewalks Remove and replace damaged concrete 45,348 Sidewalks Total: 45,348 Concrete Curb and Drain Pan Remove and replace damaged concrete 23,023 Concrete Curb and Drain Pan Total: 23,023 Landscaping Replace landscaping 21,218 24,597 Landscaping Total: 21,218 24,597 Irrigation Replace Irrigation components Replace pvc irrigation lines Irrigation Total: Well and Pump Replace well pump 31,669 Well and Pump Total: 31,669 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,150 5,304 5,464 5,628 5,796 5,970 6,149 6,334 6,524 Benches, Tables and Receptacles Total: 5,150 5,304 5,464 5,628 5,796 5,970 6,149 6,334 6,524 Signs Replace park entrance monument 5,796 Replace park signs 15,450 17,911 Signs Total: 15,450 5,796 17,911 PAGE 39

42 RA Annual Expenditure Spread Sheet Description Playground Equipment Replace playground equipment 173,891 Replace playground mulch 6,180 6,956 7,829 Playground Equipment Total: 6, ,847 7,829 Dog Park Replace dog park fencing Dog Park Total: Basketball Courts Resurface basketball courts 29,851 Basketball Courts Total: 29,851 Tennis Courts Resurface tennis courts 29,851 Tennis Courts Total: 29,851 Volleyball Courts Replace volleyball court nets and posts 7,210 Volleyball Courts Total: 7,210 Soccer Fields Replace soccer goals 4,774 Soccer Fields Total: 4,774 Softball and Baseball Fields Replace fencing 20,085 Softball and Baseball Fields Total: 20,085 Fields Top dress fields 51,500 56,275 61,494 Fields Total: 51,500 56,275 61,494 Consessions Building Re-paint the steel structure 8,742 Remodel consession bathrooms 18,008 PAGE 40

43 RA Annual Expenditure Spread Sheet Description Consessions Building continued... Replace the kitchen appliances 6,556 Consessions Building Total: 15,298 18,008 Office Building Refurbish office interior 13,506 Replace garage doors and operators 4,502 Office Building Total: 18,008 Picnic Shelters Replace picnic shelters Picnic Shelters Total: Equipment Replace lawn mowing equipment 37,131 Replace maintenance equipment 2,575 2,652 2,732 2,814 2,898 2,985 3,075 3,167 3,262 Replace paint machine 13,390 Replace snow plow 9,004 Equipment Total: 15,965 39,784 2,732 11,818 2,898 2,985 3,075 3,167 3,262 Trucks Replace pickup truck 30,900 Trucks Total: 30,900 ATV's Replace Mule Replace four wheeler 19,002 ATV's Total: 19,002 Backhoe Replace backhoe 73,158 Backhoe Total: 73,158 Year Total: 257,075 71,080 68, , , ,4711,421,144 60,172 17,614 PAGE 41

44 RA Annual Expenditure Spread Sheet Description Asphalt Drive and Parking Lot Crack fill, patch, and stripe 93, , , ,518 Mill and overlay Overlay entrance to office 51,812 Overlay parking area near dog park Asphalt Drive and Parking Lot Total: 93, , , ,518 Sidewalks Remove and replace damaged concrete 55,773 68,593 Sidewalks Total: 55,773 68,593 Concrete Curb and Drain Pan Remove and replace damaged concrete 28,316 Concrete Curb and Drain Pan Total: 28,316 Landscaping Replace landscaping 28,515 33,057 Landscaping Total: 28,515 33,057 Irrigation Replace Irrigation components 22,689 Replace pvc irrigation lines 1,621,993 Irrigation Total: 22,689 1,621,993 Well and Pump Replace well pump Well and Pump Total: Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,720 6,921 7,129 7,343 7,563 7,790 8,024 8,264 8,512 8,768 Benches, Tables and Receptacles Total: 6,720 6,921 7,129 7,343 7,563 7,790 8,024 8,264 8,512 8,768 Signs Replace park entrance monument Replace park signs 20,764 24,071 Signs Total: 20,764 24,071 PAGE 42

45 RA Annual Expenditure Spread Sheet Description Playground Equipment Replace playground equipment Replace playground mulch 8,811 9,917 Playground Equipment Total: 8,811 9,917 Dog Park Replace dog park fencing 33,341 Dog Park Total: 33,341 Basketball Courts Resurface basketball courts 40,118 Basketball Courts Total: 40,118 Tennis Courts Resurface tennis courts 40,118 Tennis Courts Total: 40,118 Volleyball Courts Replace volleyball court nets and posts 9,690 Volleyball Courts Total: 9,690 Soccer Fields Replace soccer goals 6,807 Soccer Fields Total: 6,807 Softball and Baseball Fields Replace fencing 28,636 Softball and Baseball Fields Total: 28,636 Fields Top dress fields 67,196 73,427 80,235 87,675 Fields Total: 67,196 73,427 80,235 87,675 Consessions Building Re-paint the steel structure 10,751 13,223 Remodel consession bathrooms 28,056 PAGE 43

46 RA Annual Expenditure Spread Sheet Description Consessions Building continued... Replace the kitchen appliances 8,063 9,917 Consessions Building Total: 18,815 23,140 28,056 Office Building Refurbish office interior 19,256 Replace garage doors and operators 6,419 Office Building Total: 25,675 Picnic Shelters Replace picnic shelters 92,059 Picnic Shelters Total: 92,059 Equipment Replace lawn mowing equipment 49,902 Replace maintenance equipment 3,360 3,461 3,564 3,671 3,781 3,895 4,012 4,132 4,256 4,384 Replace paint machine 17,995 Replace snow plow 12,838 Equipment Total: 3,360 21,456 53,466 3,671 3,781 3,895 16,849 4,132 4,256 4,384 Trucks Replace pickup truck 44,056 Trucks Total: 44,056 ATV's Replace Mule 24,190 Replace four wheeler 25,536 ATV's Total: 24,190 25,536 Backhoe Replace backhoe Backhoe Total: Year Total: 269,186 58,830 89, ,714 69,156 45, , ,103 38,3051,964,453 PAGE 44

47 RA Annual Expenditure Detail Description Expenditures No Replacement in 2016 Replacement Year 2017 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 71,379 Overlay entrance to office 33,256 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,150 Signs Replace park signs 15,450 Playground Equipment Replace playground mulch 6,180 Volleyball Courts Replace volleyball court nets and posts 7,210 Softball and Baseball Fields Replace fencing 20,085 Fields Top dress fields 51,500 Equipment Replace maintenance equipment 2,575 Replace paint machine 13,390 Trucks Replace pickup truck 30,900 Total for 2017 $257,075 Replacement Year 2018 Landscaping Replace landscaping 21,218 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,304 Soccer Fields Replace soccer goals 4,774 Equipment Replace lawn mowing equipment 37,131 Replace maintenance equipment 2,652 Total for 2018 $71,080 PAGE 45

48 RA Annual Expenditure Detail Description Expenditures Replacement Year 2019 Sidewalks Remove and replace damaged concrete 45,348 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,464 Consessions Building Re-paint the steel structure 8,742 Replace the kitchen appliances 6,556 Equipment Replace maintenance equipment 2,732 Total for 2019 $68,842 Replacement Year 2020 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 77,998 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,628 Fields Top dress fields 56,275 Consessions Building Remodel consession bathrooms 18,008 Office Building Refurbish office interior 13,506 Replace garage doors and operators 4,502 Equipment Replace maintenance equipment 2,814 Replace snow plow 9,004 Backhoe Replace backhoe 73,158 Total for 2020 $260,893 Replacement Year 2021 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,796 Signs Replace park entrance monument 5,796 PAGE 46

49 RA Annual Expenditure Detail Description Expenditures Replacement Year 2021 continued... Playground Equipment Replace playground equipment 173,891 Replace playground mulch 6,956 Equipment Replace maintenance equipment 2,898 Total for 2021 $195,338 Replacement Year 2022 Asphalt Drive and Parking Lot Overlay parking area near dog park 82,902 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 5,970 Signs Replace park signs 17,911 Basketball Courts Resurface basketball courts 29,851 Tennis Courts Resurface tennis courts 29,851 Equipment Replace maintenance equipment 2,985 Total for 2022 $169,471 Replacement Year 2023 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 85,230 Mill and overlay 1,217,575 Concrete Curb and Drain Pan Remove and replace damaged concrete 23,023 Landscaping Replace landscaping 24,597 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,149 Fields Top dress fields 61,494 PAGE 47

50 RA Annual Expenditure Detail Description Expenditures Replacement Year 2023 continued... Equipment Replace maintenance equipment 3,075 Total for 2023 $1,421,144 Replacement Year 2024 Well and Pump Replace well pump 31,669 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,334 Equipment Replace maintenance equipment 3,167 ATV's Replace four wheeler 19,002 Total for 2024 $60,172 Replacement Year 2025 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,524 Playground Equipment Replace playground mulch 7,829 Equipment Replace maintenance equipment 3,262 Total for 2025 $17,614 Replacement Year 2026 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 93,133 Sidewalks Remove and replace damaged concrete 55,773 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,720 Fields Top dress fields 67,196 Consessions Building Re-paint the steel structure 10,751 PAGE 48

51 RA Annual Expenditure Detail Description Expenditures Replacement Year 2026 continued... Replace the kitchen appliances 8,063 Equipment Replace maintenance equipment 3,360 ATV's Replace Mule 24,190 Total for 2026 $269,186 Replacement Year 2027 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 6,921 Signs Replace park signs 20,764 Volleyball Courts Replace volleyball court nets and posts 9,690 Equipment Replace maintenance equipment 3,461 Replace paint machine 17,995 Total for 2027 $58,830 Replacement Year 2028 Landscaping Replace landscaping 28,515 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 7,129 Equipment Replace lawn mowing equipment 49,902 Replace maintenance equipment 3,564 Total for 2028 $89,110 Replacement Year 2029 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 101,769 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 7,343 PAGE 49

52 RA Annual Expenditure Detail Description Expenditures Replacement Year 2029 continued... Playground Equipment Replace playground mulch 8,811 Softball and Baseball Fields Replace fencing 28,636 Fields Top dress fields 73,427 Equipment Replace maintenance equipment 3,671 Trucks Replace pickup truck 44,056 Total for 2029 $267,714 Replacement Year 2030 Concrete Curb and Drain Pan Remove and replace damaged concrete 28,316 Irrigation Replace Irrigation components 22,689 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 7,563 Soccer Fields Replace soccer goals 6,807 Equipment Replace maintenance equipment 3,781 Total for 2030 $69,156 Replacement Year 2031 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 7,790 Dog Park Replace dog park fencing 33,341 Equipment Replace maintenance equipment 3,895 Total for 2031 $45,025 PAGE 50

53 RA Annual Expenditure Detail Description Expenditures Replacement Year 2032 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 111,206 Overlay entrance to office 51,812 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 8,024 Signs Replace park signs 24,071 Basketball Courts Resurface basketball courts 40,118 Tennis Courts Resurface tennis courts 40,118 Fields Top dress fields 80,235 Office Building Refurbish office interior 19,256 Replace garage doors and operators 6,419 Equipment Replace maintenance equipment 4,012 Replace snow plow 12,838 Total for 2032 $398,108 Replacement Year 2033 Sidewalks Remove and replace damaged concrete 68,593 Landscaping Replace landscaping 33,057 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 8,264 Playground Equipment Replace playground mulch 9,917 Consessions Building Re-paint the steel structure 13,223 Replace the kitchen appliances 9,917 Equipment Replace maintenance equipment 4,132 Total for 2033 $147,103 PAGE 51

54 RA Annual Expenditure Detail Description Expenditures Replacement Year 2034 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 8,512 Equipment Replace maintenance equipment 4,256 ATV's Replace four wheeler 25,536 Total for 2034 $38,305 Replacement Year 2035 Asphalt Drive and Parking Lot Crack fill, patch, and stripe 121,518 Irrigation Replace pvc irrigation lines 1,621,993 Benches, Tables and Receptacles Replace park benches, tables, and receptacles 8,768 Fields Top dress fields 87,675 Consessions Building Remodel consession bathrooms 28,056 Picnic Shelters Replace picnic shelters 92,059 Equipment Replace maintenance equipment 4,384 Total for 2035 $1,964,453 PAGE 52

55 RA Existing Reserve Study Summary Report Date October 03, 2016 Budget Year Beginning September 30, 2016 Budget Year Ending September 29, 2017 Report Parameters Inflation 3.00% Annual Assessment Increase 3.00% Interest Rate on Reserve Deposit 0.25% 2016 Beginning Balance $145, Existing Funding Model Summary of Calculations Required Monthly Contribution $1, Average Net Monthly Interest Earned $32.68 Total Monthly Allocation to Reserves $1, PAGE 53

56 RA Existing Reserve Study Projection Beginning Balance: $145,845 Projected Fully Annual Annual Annual Ending Funded Percent Year Contribution Interest Expenditures Reserves Reserves Funded , ,237 2,208,463 7% , ,075-70,238 2,197,854-3% ,218 71, ,100 2,379,523-5% ,855 68, ,088 2,570,450-6% , , ,470 2,578,650-15% , , ,623 2,659,636-21% , , ,213 2,775,113-26% ,597 1,421,144-2,119,759 1,690, % ,335 60,172-2,154,595 1,969, % ,095 17,614-2,146,114 2,291,818-93% , ,186-2,388,422 2,371, % ,685 58,830-2,419,568 2,664,935-90% ,515 89,110-2,480,162 2,931,290-84% , ,714-2,718,505 3,027,812-89% ,252 69,156-2,757,409 3,326,096-82% ,159 45,025-2,771,275 3,651,082-75% , ,108-3,137,289 3,635,913-86% , ,103-3,251,335 3,877,057-83% ,049 38,305-3,255,591 4,229,127-76% ,070 1,964,453-5,184,974 2,737, % PAGE 54

57 RA Preliminary Reserve Study Summary Report Date October 03, 2016 Budget Year Beginning September 30, 2016 Budget Year Ending September 29, 2017 Report Parameters Inflation 3.00% Interest Rate on Reserve Deposit 0.25% 2016 Beginning Balance $137, Preliminary Funding Model Summary of Calculations Required Monthly Contribution $1, Average Net Monthly Interest Earned $ Total Monthly Allocation to Reserves $1, PAGE 55

58 RA Preliminary Reserve Study Projection Beginning Balance: $137,000 Projected Fully Annual Annual Annual Ending Funded Percent Year Contribution Interest Expenditures Reserves Reserves Funded , Assessment ,000 2, ,247 2,208,463 41% ,000 1, , ,872 2,197,854 32% ,000 1,923 71, ,714 2,379,523 37% ,000 2,394 68,842 1,078,267 2,570,450 41% ,400 2, ,893 1,090,186 2,578,650 42% ,216 2, ,338 1,178,685 2,659,636 44% ,465 2, ,471 1,304,601 2,775,113 47% , ,421, ,741 1,690,247 11% , , ,647 1,969,082 22% ,983 1,515 17, ,530 2,291,818 33% ,142 1, , ,172 2,371,880 35% ,828 2,418 58,830 1,131,588 2,664,935 42% ,061 3,111 89,110 1,415,649 2,931,290 48% ,864 3, ,714 1,536,194 3,027,812 50% ,258 4,214 69,156 1,871,511 3,326,096 56% ,268 5,136 45,025 2,247,889 3,651,082 61% ,919 5, ,108 2,287,917 3,635,913 62% ,236 5, ,103 2,597,018 3,877,057 66% ,245 7,039 38,305 3,033,997 4,229,127 71% ,975 3,337 1,964,453 1,559,857 2,737,605 56% PAGE 56