Park Paseo Homeowners Association Audited Forensic Report For 2001 to 2002 Revenue 505.000.01 Homeowners Association Fees $413,675.00 $43,825.00 $457,500.00 505.000.01 Homeowners Association Fees $404,586.00 $37,914.00 $442,500.00 Replacement fund too high difference is $5,911.00 530.000.01 Late Fees & Interest $5,410.00 $0.00 $5,410.00 530.000.01 Late Fees & Interest $1,504.00 $0.00 $1,504.00 Operating fund too high difference is $3,906.00 Cost too high difference is $3,906.00 540.000.09 Other Charges to Owners $9,591.00 $0.00 $9,591.00 540.000.09 Other Charges to Owners $9,903.00 $0.00 $9,903.00 Operating fund too low difference is $-312.00 Cost too low difference is $-312.00 550.000.03 Investment Income $15,801.00 $0.00 $15,801.00 550.000.03 Investment Income $33,230.00 $0.00 $33,230.00 Operating fund too low difference is $-17,429.00 Cost too low difference is $-17,429.00 Expense 640.000.07 Office supplies/printing/postage $8,792.00 $0.00 $8,792.00 640.000.07 Office supplies/printing/postage $11,496.00 $0.00 $11,496.00 Operating fund too low difference is $-2,704.00 Cost too low difference is $-2,704.00 680.001.02 Newsletters/Mailouts/Extras $3,391.00 $0.00 $3,391.00 680.001.02 Newsletters/Mailouts/Extras $2,156.00 $0.00 $2,156.00 Operating fund too high difference is $1,235.00 Cost too high difference is $1,235.00 700.000.01 Insurance $15,397.00 $0.00 $15,397.00 700.000.01 Insurance $17,652.00 $0.00 $17,652.00 Operating fund too low difference is $-2,255.00 Cost too low difference is $-2,255.00 720.000.08 Landscape Expense $149,607.00 $0.00 $149,607.00 720.000.08 Landscape Expense $137,945.00 $2,289.00 $140,234.00 Replacement fund too low difference is $-2,289.00 760.000.02 Legal Services $6,388.00 $0.00 $6,388.00 760.000.02 Legal Services $6,850.00 $0.00 $6,850.00 Operating fund too low difference is $-462.00 Cost too low difference is $-462.00 780.000.01 Property Protection - Patrol Service $43,162.00 $0.00 $43,162.00 780.000.01 Property Protection - Patrol Service $47,913.00 $0.00 $47,913.00 Operating fund too low difference is $-4,751.00 Cost too low difference is $-4,751.00 840.001.11 Common Areas $38,081.00 $19,779.00 $57,860.00 840.001.11 Common Areas $29,432.00 $1,180.00 $30,612.00 Operating fund too high difference is $8,649.00 Replacement fund too high difference is $18,599.00 Cost too high difference is $27,248.00 840.006.05 Pool Monitor $19,493.00 $0.00 $19,493.00 840.006.05 Pool Monitor $23,961.00 $0.00 $23,961.00 Operating fund too low difference is $-4,468.00 Cost too low difference is $-4,468.00 860.000.04 Trash and Recycling Service $49,600.00 $0.00 $49,600.00 860.000.04 Trash and Recycling Service $52,887.00 $0.00 $52,887.00 Operating fund too low difference is $-3,287.00 Cost too low difference is $-3,287.00 860.000.06 Utilities $55,887.00 $0.00 $55,887.00 860.000.06 Utilities $50,544.00 $0.00 $50,544.00 Operating fund too high difference is $5,343.00 Cost too high difference is $5,343.00 880.000.01 Federal Income Tax $5,380.00 $0.00 $5,380.00 880.000.01 Federal Income Tax $7,419.00 $0.00 $7,419.00 Operating fund too low difference is $-2,039.00 Cost too low difference is $-2,039.00 900.000.04 Miscellaneous $5,641.00 $0.00 $5,641.00 900.000.04 Miscellaneous $4,983.00 $0.00 $4,983.00 Operating fund too high difference is $658.00 Cost too high difference is $658.00 920.000.10 Pool/Spa $19,347.00 $3,225.00 $22,572.00 920.000.10 Pool/Spa $18,161.00 $17,117.00 $35,278.00 Replacement fund too low difference is $-13,892.00 Cost too low difference is $-12,706.00 2001 - 2002 Analysis Summary Estimated inflation 3.5% Consumer Price Index 2.8% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2001 $456,385.00 $37,914.00 $494,299.00 Revenue 2002 $451,857.00 $43,825.00 $495,682.00 Expense 2001 $411,399.00 $20,586.00 $431,985.00 Expense 2002 $420,166.00 $23,004.00 $443,170.00 revenue - expense 2001 $44,986.00 $17,328.00 $62,314.00 revenue - expense 2002 $31,691.00 $20,821.00 $52,512.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-13,295.00 $3,493.00 $-9,802.00 percent difference -29.55% 120.16% -15.73% Total Assets 18 Total Issues 66 Issues/Asset 3.67 count % Description 5 27.78% Operating fund too high 9 50.00% Operating fund too low 2 11.11% Replacement fund too high 2 11.11% Replacement fund too low 5 27.78% Cost too high 10 55.56% Cost too low Park Paseo Homeowners Association UnAudited Forensic Report For 2001 to 2002 Revenue 505.000.01 Homeowners Association Fees $413,675.00 $43,825.00 $457,500.00 505.000.01 Homeowners Association Fees $404,586.00 $37,914.00 $442,500.00 Replacement fund too high difference is $5,911.00 530.000.01 Late Fees & Interest $5,410.00 $0.00 $5,410.00 530.000.01 Late Fees & Interest $1,504.00 $0.00 $1,504.00 Operating fund too high difference is $3,906.00 Cost too high difference is $3,906.00 540.000.09 Other Charges to Owners $9,591.00 $0.00 $9,591.00 540.000.09 Other Charges to Owners $9,903.00 $0.00 $9,903.00 Operating fund too low difference is $-312.00 Cost too low difference is $-312.00 550.000.03 Investment Income $15,801.00 $0.00 $15,801.00 550.000.03 Investment Income $33,230.00 $0.00 $33,230.00 Operating fund too low difference is $-17,429.00 Cost too low difference is $-17,429.00 Expense 640.000.07 Office supplies/printing/postage $8,792.00 $0.00 $8,792.00 640.000.07 Office supplies/printing/postage $11,496.00 $0.00 $11,496.00 Operating fund too low difference is $-2,704.00 Cost too low difference is $-2,704.00 680.001.02 Newsletters/Mailouts/Extras $3,391.00 $0.00 $3,391.00 680.001.02 Newsletters/Mailouts/Extras $2,156.00 $0.00 $2,156.00 Operating fund too high difference is $1,235.00 Cost too high difference is $1,235.00 700.000.01 Insurance $15,397.00 $0.00 $15,397.00 700.000.01 Insurance $17,652.00 $0.00 $17,652.00 Operating fund too low difference is $-2,255.00 Cost too low difference is $-2,255.00 720.000.08 Landscape Expense $149,607.00 $0.00 $149,607.00 720.000.08 Landscape Expense $137,945.00 $2,289.00 $140,234.00 Replacement fund too low difference is $-2,289.00 760.000.02 Legal Services $6,388.00 $0.00 $6,388.00 760.000.02 Legal Services $6,850.00 $0.00 $6,850.00 Operating fund too low difference is $-462.00 Cost too low difference is $-462.00 780.000.01 Property Protection - Patrol Service $43,162.00 $0.00 $43,162.00 780.000.01 Property Protection - Patrol Service $47,913.00 $0.00 $47,913.00 Operating fund too low difference is $-4,751.00 Cost too low difference is $-4,751.00 840.001.11 Common Areas $38,081.00 $19,779.00 $57,860.00 840.001.11 Common Areas $29,432.00 $1,180.00 $30,612.00 Operating fund too high difference is $8,649.00 Replacement fund too high difference is $18,599.00 Cost too high difference is $27,248.00 840.006.05 Pool Monitor $19,493.00 $0.00 $19,493.00 840.006.05 Pool Monitor $23,961.00 $0.00 $23,961.00 Operating fund too low difference is $-4,468.00 Cost too low difference is $-4,468.00 860.000.04 Trash and Recycling Service $49,600.00 $0.00 $49,600.00 860.000.04 Trash and Recycling Service $52,887.00 $0.00 $52,887.00 Operating fund too low difference is $-3,287.00 Cost too low difference is $-3,287.00 860.000.06 Utilities $55,887.00 $0.00 $55,887.00 860.000.06 Utilities $50,544.00 $0.00 $50,544.00 Operating fund too high difference is $5,343.00 Cost too high difference is $5,343.00 880.000.01 Federal Income Tax $5,380.00 $0.00 $5,380.00 880.000.01 Federal Income Tax $7,419.00 $0.00 $7,419.00 Operating fund too low difference is $-2,039.00 Cost too low difference is $-2,039.00 900.000.04 Miscellaneous $5,641.00 $0.00 $5,641.00 900.000.04 Miscellaneous $4,983.00 $0.00 $4,983.00 Operating fund too high difference is $658.00 Cost too high difference is $658.00 920.000.10 Pool/Spa $19,347.00 $3,225.00 $22,572.00 920.000.10 Pool/Spa $18,161.00 $17,117.00 $35,278.00 Replacement fund too low difference is $-13,892.00 Cost too low difference is $-12,706.00 2001 - 2002 Analysis Summary Estimated inflation 3.5% Consumer Price Index 2.8% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2001 $456,385.00 $37,914.00 $494,299.00 Revenue 2002 $451,857.00 $43,825.00 $495,682.00 Expense 2001 $411,399.00 $20,586.00 $431,985.00 Expense 2002 $420,166.00 $23,004.00 $443,170.00 revenue - expense 2001 $44,986.00 $17,328.00 $62,314.00 revenue - expense 2002 $31,691.00 $20,821.00 $52,512.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-13,295.00 $3,493.00 $-9,802.00 percent difference -29.55% 120.16% -15.73% Total Assets 18 Total Issues 66 Issues/Asset 3.67 count % Description 5 27.78% Operating fund too high 9 50.00% Operating fund too low 2 11.11% Replacement fund too high 2 11.11% Replacement fund too low 5 27.78% Cost too high 10 55.56% Cost too low Park Paseo Homeowners Association RDA Forensic Analysis For 2001 to 2002 Current Fully Funded Assigned Asset ID Category Asset Name rem life Cost Resereves Reserves 010.000.01 Overlay/Rehab Overlay/Rehab 16 20 $4,629.00 $831.00 $831.00 010.000.01 Overlay/Rehab Overlay/Rehab 15 20 $4,786.00 $1,104.00 $1,104.00 Fully funded value too low should be $1,197.75 Assigned value too low should be $1,197.75 010.000.03 Asphalt Repairs Asphalt Repairs 2 4 $1,499.00 $954.00 $1,499.00 010.000.03 Asphalt Repairs Asphalt Repairs 1 4 $1,510.00 $1,236.00 $1,510.00 Fully funded value too high should be $1,163.60 Assigned value too high should be $1,163.60 010.000.04 Slurry Sealing & Slurry Sealing & Stripping 2 4 $1,569.00 $990.00 $1,569.00 010.000.04 Slurry Sealing & Slurry Sealing & Stripping 1 4 $1,648.00 $1,343.00 $1,648.00 Fully funded value too high should be $1,217.94 Assigned value too high should be $1,217.94 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 2 15 $469.00 $433.00 $469.00 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 1 15 $476.00 $458.00 $476.00 Assigned value too high should be $453.05 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,605.00 $1,605.00 $1,605.00 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,671.00 $1,671.00 $1,671.00 Maintenance deferred 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $733.00 $733.00 $733.00 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $763.00 $763.00 $763.00 Maintenance deferred 030.001.05 Spa Equipment Ro Spa Equipment Room 4 5 $1,738.00 $193.00 $193.00 030.001.05 Spa Equipment Ro Spa Equipment Room 3 5 $1,804.00 $601.00 $601.00 Fully funded value too low should be $719.53 Assigned value too low should be $719.53 030.001.07 Woodwork Prosa Woodwork Prosa 6 7 $2,029.00 $156.00 $156.00 030.001.07 Woodwork Prosa Woodwork Prosa 5 7 $2,106.00 $486.00 $486.00 Fully funded value too low should be $600.00 Assigned value too low should be $600.00 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,367.00 $1,367.00 $1,367.00 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,407.00 $1,407.00 $1,407.00 Maintenance deferred 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $607.00 $607.00 $607.00 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $625.00 $625.00 $625.00 Maintenance deferred 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $620.00 $620.00 $620.00 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $639.00 $639.00 $639.00 Maintenance deferred 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 5 6 $7,402.00 $673.00 $673.00 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 4 6 $7,683.00 $2,095.00 $2,095.00 Fully funded value too low should be $2,553.69 Assigned value too low should be $2,553.69 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 6 10 $27,114.00 $16,268.00 $16,268.00 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 5 10 $27,222.00 $18,148.00 $18,148.00 Fully funded value too high should be $14,031.49 Assigned value too high should be $14,031.49 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 6 10 $12,735.00 $7,959.00 $7,959.00 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 5 10 $12,787.00 $8,791.00 $8,791.00 Fully funded value too high should be $6,590.36 Assigned value too high should be $6,590.36 050.000.01 Exterior, Pool/C Exterior, Pool/Club 4 10 $8,780.00 $5,989.00 $5,989.00 050.000.01 Exterior, Pool/C Exterior, Pool/Club 3 10 $8,952.00 $6,818.00 $6,818.00 Fully funded value too high should be $6,361.11 Assigned value too high should be $6,361.11 050.000.03 Exterior, Parkin Exterior, Parking Lot 6 22 $3,390.00 $2,712.00 $2,712.00 050.000.03 Exterior, Parkin Exterior, Parking Lot 20 22 $980.00 $58.00 $58.00 Remaining life increased Cost value too low should be $3,508.65 Fully funded value too low should be $318.97 Assigned value too low should be $318.97 050.000.05 Exterior, Prosa Exterior, Prosa 4 10 $1,732.00 $1,181.00 $1,181.00 050.000.05 Exterior, Prosa Exterior, Prosa 3 10 $1,762.00 $1,342.00 $1,342.00 Fully funded value too high should be $1,254.83 Assigned value too high should be $1,254.83 050.000.07 Parking Lot, Ori Parking Lot, Original 5 22 $4,900.00 $4,083.00 $4,083.00 New Assets 050.000.11 Walkway, Prosa 1 Walkway, Prosa 1997 11 15 $3,669.00 $902.00 $902.00 050.000.11 Walkway, Prosa 1 Walkway, Prosa 1997 10 15 $3,779.00 $1,188.00 $1,188.00 Fully funded value too low should be $1,265.80 Assigned value too low should be $1,265.80 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 8 20 $1,872.00 $936.00 $936.00 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 7 20 $1,924.00 $1,082.00 $1,082.00 Fully funded value too low should be $1,259.39 Assigned value too low should be $1,259.39 060.001.06 Ceramic Tile, Sh Ceramic Tile, Shower 6 20 $1,435.00 $1,148.00 $1,148.00 060.001.06 Ceramic Tile, Sh Ceramic Tile, Shower 5 20 $1,407.00 $1,172.00 $1,172.00 Cost value too low should be $1,485.22 Fully funded value too high should be $1,113.92 Assigned value too high should be $1,113.92 060.001.10 Furnishings Furnishings 2 10 $20,565.00 $16,452.00 $20,565.00 060.001.10 Furnishings Furnishings 1 10 $20,915.00 $18,824.00 $20,915.00 Assigned value too high should be $19,156.30 060.001.13 HVAC Heat/Air, C HVAC Heat/Air, Clubhouse 3 18 $19,371.00 $17,219.00 $17,219.00 060.001.13 HVAC Heat/Air, C HVAC Heat/Air, Clubhouse 2 18 $19,758.00 $18,294.00 $19,527.00 Assigned value too high should be $17,821.32 060.001.14 Window Blinds Window Blinds 5 12 $6,032.00 $3,878.00 $3,878.00 060.001.14 Window Blinds Window Blinds 4 12 $6,261.00 $4,472.00 $4,472.00 Fully funded value too high should be $4,162.08 Assigned value too high should be $4,162.08 060.001.15 Water Heater Water Heater 2 12 $3,826.00 $3,222.00 $3,826.00 060.001.15 Water Heater Water Heater 1 12 $3,940.00 $3,629.00 $3,940.00 Assigned value too high should be $3,629.92 060.001.18 Carpeting Carpeting 0 8 $5,435.00 $5,435.00 $5,435.00 060.001.18 Carpeting Carpeting 0 8 $5,528.00 $5,528.00 $5,528.00 Maintenance deferred 060.003.02 Appliances, 1977 Appliances, 1977 3 15 $497.00 $442.00 $442.00 060.003.02 Appliances, 1977 Appliances, 1977 2 15 $504.00 $467.00 $504.00 Assigned value too high should be $445.81 060.003.04 Appliances, 1998 Appliances, 1998 12 15 $1,226.00 $229.00 $229.00 060.003.04 Appliances, 1998 Appliances, 1998 11 15 $1,262.00 $321.00 $321.00 Fully funded value too low should be $338.38 Assigned value too low should be $338.38 060.004.01 Office, Computer Office, Computers/Equipment 2 5 $3,964.00 $2,352.00 $3,964.00 060.004.01 Office, Computer Office, Computers/Equipment 1 5 $4,082.00 $3,252.00 $4,082.00 Assigned value too high should be $3,282.19 060.004.03 Office, Copier Office, Copier 2 5 $2,117.00 $1,270.00 $2,117.00 060.004.03 Office, Copier Office, Copier 1 5 $2,180.00 $1,744.00 $2,180.00 Assigned value too high should be $1,752.88 060.004.07 Office, Fax Mach Office, Fax Machine 2 6 $1,017.00 $787.00 $1,017.00 060.004.07 Office, Fax Mach Office, Fax Machine 1 6 $1,047.00 $928.00 $1,047.00 Fully funded value too high should be $877.16 Assigned value too high should be $877.16 060.004.08 Office, Furnishi Office, Furnishings 2 4 $1,441.00 $1,179.00 $1,441.00 060.004.08 Office, Furnishi Office, Furnishings 1 4 $1,473.00 $1,339.00 $1,473.00 Fully funded value too high should be $1,118.58 Assigned value too high should be $1,118.58 060.004.11 Office, Typewrit Office, Typewriter 4 6 $360.00 $249.00 $249.00 060.004.11 Office, Typewrit Office, Typewriter 3 6 $372.00 $286.00 $286.00 Fully funded value too high should be $186.30 Assigned value too high should be $186.30 060.005.02 Restroom, Cerami Restroom, Ceramic Tile 9 20 $12,940.00 $7,018.00 $7,018.00 060.005.02 Restroom, Cerami Restroom, Ceramic Tile 8 20 $12,714.00 $7,542.00 $7,542.00 Cost value too low should be $13,392.90 Fully funded value too low should be $8,035.74 Assigned value too low should be $8,035.74 060.005.03 Restroom, Counte Restroom, Counters 9 16 $771.00 $418.00 $418.00 060.005.03 Restroom, Counte Restroom, Counters 8 16 $784.00 $465.00 $465.00 Fully funded value too high should be $398.99 Assigned value too high should be $398.99 060.005.10 Restroom, Shower Restroom, Shower Door 14 16 $1,016.00 $108.00 $108.00 060.005.10 Restroom, Shower Restroom, Shower Door 13 16 $1,040.00 $177.00 $177.00 Fully funded value too low should be $197.17 Assigned value too low should be $197.17 060.005.13 Restroom, Fixtur Restroom, Fixtures 14 25 $5,368.00 $2,321.00 $2,321.00 060.005.13 Restroom, Fixtur Restroom, Fixtures 13 25 $5,283.00 $2,499.00 $2,499.00 Fully funded value too low should be $2,666.82 Assigned value too low should be $2,666.82 065.001.03 Heater, Main Heater, Main 1 15 $14,000.00 $13,440.00 $14,000.00 065.001.03 Heater, Main Heater, Main 10 12 $16,736.00 $2,288.00 $2,288.00 Remaining life increased Useful life decreased Cost value too high should be $14,490.00 Fully funded value too low should be $2,415.00 Assigned value too low should be $2,415.00 065.001.05 Pump Pump 0 10 $4,014.00 $4,014.00 $4,014.00 065.001.05 Pump Pump 0 10 $4,086.00 $4,086.00 $4,086.00 Maintenance deferred 065.001.07 Refiberglass/Rep Refiberglass/Replaster & Tile, Main 6 10 $34,619.00 $13,673.00 $13,673.00 065.001.07 Refiberglass/Rep Refiberglass/Replaster & Tile, Main 5 10 $34,102.00 $16,908.00 $16,908.00 Fully funded value too low should be $17,915.33 Assigned value too low should be $17,915.33 065.002.01 Spa, Filter Spa, Filter 0 10 $1,058.00 $1,058.00 $1,058.00 065.002.01 Spa, Filter Spa, Filter 0 10 $1,077.00 $1,077.00 $1,077.00 Maintenance deferred 065.003.01 Wader, Filter Wader, Filter 8 9 $940.00 $47.00 $47.00 065.003.01 Wader, Filter Wader, Filter 7 9 $956.00 $161.00 $161.00 Fully funded value too low should be $216.20 Assigned value too low should be $216.20 067.001.03 Barbecues Barbecues 4 10 $1,563.00 $1,250.00 $1,250.00 067.001.03 Barbecues Barbecues 3 10 $1,608.00 $1,367.00 $1,367.00 Fully funded value too high should be $1,132.39 Assigned value too high should be $1,132.39 067.001.06 Diving Board, Ma Diving Board, Main 9 18 $1,447.00 $488.00 $488.00 067.001.06 Diving Board, Ma Diving Board, Main 8 18 $1,490.00 $612.00 $612.00 Fully funded value too low should be $832.02 Assigned value too low should be $832.02 067.002.02 Deck Caulking Deck Caulking 0 4 $6,650.00 $6,650.00 $6,650.00 067.002.02 Deck Caulking Deck Caulking 0 4 $7,000.00 $7,000.00 $7,000.00 Maintenance deferred 069.001.04 Heater, Prosa Heater, Prosa 0 12 $1,772.00 $1,772.00 $1,772.00 069.001.04 Heater, Prosa Heater, Prosa 0 12 $1,803.00 $1,803.00 $1,803.00 Maintenance deferred 070.001.02 Barbecues Barbecues 2 10 $1,042.00 $919.00 $1,042.00 070.001.02 Barbecues Barbecues 1 10 $1,072.00 $1,009.00 $1,072.00 Assigned value too high should be $970.62 070.002.01 Ceramic Shower Ceramic Shower 3 15 $4,742.00 $4,095.00 $4,095.00 070.002.01 Ceramic Shower Ceramic Shower 2 15 $4,653.00 $4,230.00 $4,230.00 Cost value too low should be $4,907.97 070.002.03 Ceramic Tile, Sh Ceramic Tile, Shower 5 20 $6,093.00 $4,824.00 $4,824.00 070.002.03 Ceramic Tile, Sh Ceramic Tile, Shower 4 20 $5,918.00 $4,932.00 $4,932.00 Cost value too low should be $6,306.25 070.003.01 Deck, Caulking Deck, Caulking 0 4 $2,193.00 $2,193.00 $2,193.00 070.003.01 Deck, Caulking Deck, Caulking 0 4 $2,308.00 $2,308.00 $2,308.00 Maintenance deferred 070.004.02 Water Heater Pro Water Heater Prosa 2 10 $3,826.00 $3,462.00 $3,826.00 070.004.02 Water Heater Pro Water Heater Prosa 1 10 $3,940.00 $3,752.00 $3,940.00 Fully funded value too high should be $3,563.92 Assigned value too high should be $3,563.92 080.000.01 Benches Benches 2 15 $2,615.00 $2,266.00 $2,437.00 080.000.01 Benches Benches 1 15 $2,670.00 $2,492.00 $2,670.00 Assigned value too high should be $2,526.09 080.000.02 Chain Link Fenci Chain Link Fencing 5 25 $11,710.00 $9,691.00 $9,691.00 080.000.02 Chain Link Fenci Chain Link Fencing 4 25 $13,193.00 $11,373.00 $11,373.00 Cost value too high should be $12,119.85 Fully funded value too high should be $10,180.67 Assigned value too high should be $10,180.67 080.000.05 Lighting Lighting 5 25 $9,040.00 $7,481.00 $7,481.00 080.000.05 Lighting Lighting 4 25 $10,272.00 $8,855.00 $8,855.00 Cost value too high should be $9,356.40 Fully funded value too high should be $7,859.38 Assigned value too high should be $7,859.38 080.000.06 Resurfacing Resurfacing 2 6 $5,760.00 $4,568.00 $4,568.00 080.000.06 Resurfacing Resurfacing 1 6 $6,048.00 $5,422.00 $6,048.00 Fully funded value too high should be $4,968.00 Assigned value too high should be $4,968.00 080.000.07 Windscreen Windscreen 2 6 $2,214.00 $1,397.00 $1,397.00 080.000.07 Windscreen Windscreen 1 6 $2,293.00 $1,870.00 $2,293.00 Assigned value too high should be $1,909.57 085.002.01 Drinking Fountai Drinking Fountain, C/H 2 12 $1,918.00 $1,735.00 $1,918.00 085.002.01 Drinking Fountai Drinking Fountain, C/H 1 12 $1,944.00 $1,851.00 $1,944.00 Assigned value too high should be $1,819.70 085.003.03 Sand Repl, Prosa Sand Repl, Prosa/Alba 0 10 $2,374.00 $2,374.00 $2,374.00 085.003.03 Sand Repl, Prosa Sand Repl, Prosa/Alba 0 10 $2,417.00 $2,417.00 $2,417.00 Maintenance deferred 085.004.01 Play Equip, Main Play Equip, Main, Prosa 16 20 $33,764.00 $6,060.00 $6,060.00 085.004.01 Play Equip, Main Play Equip, Main, Prosa 15 20 $34,776.00 $8,025.00 $8,025.00 Fully funded value too low should be $8,736.43 Assigned value too low should be $8,736.43 085.004.04 Sand Repl, Main Sand Repl, Main 2 10 $2,103.00 $1,769.00 $2,103.00 085.004.04 Sand Repl, Main Sand Repl, Main 1 10 $2,141.00 $1,971.00 $2,141.00 Assigned value too high should be $1,958.94 095.002.05 Tree Trimming Tree Trimming 2 3 $20,344.00 $4,594.00 $20,344.00 095.002.05 Tree Trimming Tree Trimming 1 3 $20,748.00 $12,717.00 $20,748.00 Fully funded value too low should be $14,037.36 Assigned value too high should be $14,037.36 100.000.01 Bulletin Board Bulletin Board 5 10 $731.00 $406.00 $406.00 100.000.01 Bulletin Board Bulletin Board 4 10 $752.00 $485.00 $485.00 Fully funded value too high should be $453.95 Assigned value too high should be $453.95 2001 - 2002 RDA Forensic Analysis Summary Estimated inflation 3.5% Consumer Price Index 2.8% Error band +/- 5% Funded Assigned Total Cost value Value Last Year Costs $512,363.00 $315,525.00 $344,696.00 This Year Costs $528,222.00 $353,804.00 $369,592.00 Calculated Costs $535,195.70 $353,902.98 $353,902.98 Comparing This Year Costs to Last Year Costs Difference $15,859.00 $38,279.00 $24,896.00 percent difference 3.10% 12.13% 7.22% Comparing This Year Costs to Calculated Costs Difference $-6,973.70 $-98.98 $15,689.02 percent difference -1.32% -0.03% 4.24% 97 Total Assets 23 Total Issues $4,121.24 Unfunded Liability 0.24 Issues / Asset number % Description 1 1.03% New Assets 3 3.09% Cost value too high 5 5.15% Cost value too low 18 18.56% Fully funded value too high 17 17.53% Fully funded value too low 31 31.96% Assigned value too high 16 16.49% Assigned value too low 2 2.06% Remaining life increased 1 1.03% Useful life decreased 12 12.37% Maintenance deferred 12 12.37% Total assets to be maintained