Park Paseo Homeowners Association Audited Forensic Report For 2002 to 2003 Revenue 505.000.01 Homeowners Association Fees $396,669.00 $60,831.00 $457,500.00 505.000.01 Homeowners Association Fees $413,675.00 $43,825.00 $457,500.00 Operating fund too low difference is $-17,006.00 Replacement fund too high difference is $17,006.00 Totals costs unchanged 540.000.09 Other Charges to Owners $9,299.00 $0.00 $9,299.00 540.000.09 Other Charges to Owners $9,591.00 $0.00 $9,591.00 Operating fund too low difference is $-292.00 Cost too low difference is $-292.00 540.000.10 Other Income $6,797.00 $528.00 $7,325.00 540.000.10 Other Income $7,380.00 $0.00 $7,380.00 Operating fund too low difference is $-583.00 Replacement fund too high difference is $528.00 550.000.03 Investment Income $12,452.00 $0.00 $12,452.00 550.000.03 Investment Income $15,801.00 $0.00 $15,801.00 Operating fund too low difference is $-3,349.00 Cost too low difference is $-3,349.00 Expense 640.000.07 Office supplies/printing/postage $10,674.00 $0.00 $10,674.00 640.000.07 Office supplies/printing/postage $8,792.00 $0.00 $8,792.00 Operating fund too high difference is $1,882.00 Cost too high difference is $1,882.00 680.001.02 Newsletters/Mailouts/Extras $2,828.00 $0.00 $2,828.00 680.001.02 Newsletters/Mailouts/Extras $3,391.00 $0.00 $3,391.00 Operating fund too low difference is $-563.00 Cost too low difference is $-563.00 720.000.08 Landscape Expense $164,166.00 $0.00 $164,166.00 720.000.08 Landscape Expense $149,607.00 $0.00 $149,607.00 Operating fund too high difference is $14,559.00 Cost too high difference is $14,559.00 760.000.02 Legal Services $7,152.00 $8,460.00 $15,612.00 760.000.02 Legal Services $6,388.00 $0.00 $6,388.00 Operating fund too high difference is $764.00 Replacement fund too high difference is $8,460.00 Cost too high difference is $9,224.00 840.001.11 Common Areas $37,260.00 $25,164.00 $62,424.00 840.001.11 Common Areas $38,081.00 $19,779.00 $57,860.00 Operating fund too low difference is $-821.00 Replacement fund too high difference is $5,385.00 840.006.05 Pool Monitor $18,784.00 $0.00 $18,784.00 840.006.05 Pool Monitor $19,493.00 $0.00 $19,493.00 Operating fund too low difference is $-709.00 Cost too low difference is $-709.00 860.000.04 Trash and Recycling Service $56,184.00 $0.00 $56,184.00 860.000.04 Trash and Recycling Service $49,600.00 $0.00 $49,600.00 Operating fund too high difference is $6,584.00 Cost too high difference is $6,584.00 860.000.06 Utilities $51,373.00 $0.00 $51,373.00 860.000.06 Utilities $55,887.00 $0.00 $55,887.00 Operating fund too low difference is $-4,514.00 Cost too low difference is $-4,514.00 880.000.01 Federal Income Tax $4,216.00 $0.00 $4,216.00 880.000.01 Federal Income Tax $5,380.00 $0.00 $5,380.00 Operating fund too low difference is $-1,164.00 Cost too low difference is $-1,164.00 900.000.04 Miscellaneous $6,264.00 $0.00 $6,264.00 900.000.04 Miscellaneous $5,641.00 $0.00 $5,641.00 Operating fund too high difference is $623.00 Cost too high difference is $623.00 920.000.10 Pool/Spa $20,122.00 $0.00 $20,122.00 920.000.10 Pool/Spa $19,347.00 $3,225.00 $22,572.00 Replacement fund too low difference is $-3,225.00 Cost too low difference is $-2,450.00 2002 - 2003 Analysis Summary Estimated inflation 3.5% Consumer Price Index 1.6% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2002 $451,857.00 $43,825.00 $495,682.00 Revenue 2003 $430,866.00 $61,359.00 $492,225.00 Expense 2002 $420,166.00 $23,004.00 $443,170.00 Expense 2003 $441,718.00 $33,624.00 $475,342.00 revenue - expense 2002 $31,691.00 $20,821.00 $52,512.00 revenue - expense 2003 $-10,852.00 $27,735.00 $16,883.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-42,543.00 $6,914.00 $-35,629.00 percent difference -134.24% 133.21% -67.85% Total Assets 18 Total Issues 64 Issues/Asset 3.56 count % Description 5 27.78% Operating fund too high 9 50.00% Operating fund too low 4 22.22% Replacement fund too high 1 5.56% Replacement fund too low 5 27.78% Cost too high 7 38.89% Cost too low 1 5.56% Totals costs unchanged Park Paseo Homeowners Association UnAudited Forensic Report For 2002 to 2003 Revenue 505.000.01 Homeowners Association Fees $396,669.00 $60,831.00 $457,500.00 505.000.01 Homeowners Association Fees $413,675.00 $43,825.00 $457,500.00 Operating fund too low difference is $-17,006.00 Replacement fund too high difference is $17,006.00 Totals costs unchanged 540.000.09 Other Charges to Owners $9,299.00 $0.00 $9,299.00 540.000.09 Other Charges to Owners $9,591.00 $0.00 $9,591.00 Operating fund too low difference is $-292.00 Cost too low difference is $-292.00 540.000.10 Other Income $6,797.00 $528.00 $7,325.00 540.000.10 Other Income $7,380.00 $0.00 $7,380.00 Operating fund too low difference is $-583.00 Replacement fund too high difference is $528.00 550.000.03 Investment Income $12,452.00 $0.00 $12,452.00 550.000.03 Investment Income $15,801.00 $0.00 $15,801.00 Operating fund too low difference is $-3,349.00 Cost too low difference is $-3,349.00 Expense 640.000.07 Office supplies/printing/postage $10,674.00 $0.00 $10,674.00 640.000.07 Office supplies/printing/postage $8,792.00 $0.00 $8,792.00 Operating fund too high difference is $1,882.00 Cost too high difference is $1,882.00 680.001.02 Newsletters/Mailouts/Extras $2,828.00 $0.00 $2,828.00 680.001.02 Newsletters/Mailouts/Extras $3,391.00 $0.00 $3,391.00 Operating fund too low difference is $-563.00 Cost too low difference is $-563.00 720.000.08 Landscape Expense $164,166.00 $0.00 $164,166.00 720.000.08 Landscape Expense $149,607.00 $0.00 $149,607.00 Operating fund too high difference is $14,559.00 Cost too high difference is $14,559.00 760.000.02 Legal Services $7,152.00 $8,460.00 $15,612.00 760.000.02 Legal Services $6,388.00 $0.00 $6,388.00 Operating fund too high difference is $764.00 Replacement fund too high difference is $8,460.00 Cost too high difference is $9,224.00 840.001.11 Common Areas $37,260.00 $25,164.00 $62,424.00 840.001.11 Common Areas $38,081.00 $19,779.00 $57,860.00 Operating fund too low difference is $-821.00 Replacement fund too high difference is $5,385.00 840.006.05 Pool Monitor $18,784.00 $0.00 $18,784.00 840.006.05 Pool Monitor $19,493.00 $0.00 $19,493.00 Operating fund too low difference is $-709.00 Cost too low difference is $-709.00 860.000.04 Trash and Recycling Service $56,184.00 $0.00 $56,184.00 860.000.04 Trash and Recycling Service $49,600.00 $0.00 $49,600.00 Operating fund too high difference is $6,584.00 Cost too high difference is $6,584.00 860.000.06 Utilities $51,373.00 $0.00 $51,373.00 860.000.06 Utilities $55,887.00 $0.00 $55,887.00 Operating fund too low difference is $-4,514.00 Cost too low difference is $-4,514.00 880.000.01 Federal Income Tax $4,216.00 $0.00 $4,216.00 880.000.01 Federal Income Tax $5,380.00 $0.00 $5,380.00 Operating fund too low difference is $-1,164.00 Cost too low difference is $-1,164.00 900.000.04 Miscellaneous $6,264.00 $0.00 $6,264.00 900.000.04 Miscellaneous $5,641.00 $0.00 $5,641.00 Operating fund too high difference is $623.00 Cost too high difference is $623.00 920.000.10 Pool/Spa $20,122.00 $0.00 $20,122.00 920.000.10 Pool/Spa $19,347.00 $3,225.00 $22,572.00 Replacement fund too low difference is $-3,225.00 Cost too low difference is $-2,450.00 2002 - 2003 Analysis Summary Estimated inflation 3.5% Consumer Price Index 1.6% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2002 $451,857.00 $43,825.00 $495,682.00 Revenue 2003 $430,866.00 $61,359.00 $492,225.00 Expense 2002 $420,166.00 $23,004.00 $443,170.00 Expense 2003 $441,718.00 $33,624.00 $475,342.00 revenue - expense 2002 $31,691.00 $20,821.00 $52,512.00 revenue - expense 2003 $-10,852.00 $27,735.00 $16,883.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-42,543.00 $6,914.00 $-35,629.00 percent difference -134.24% 133.21% -67.85% Total Assets 18 Total Issues 64 Issues/Asset 3.56 count % Description 5 27.78% Operating fund too high 9 50.00% Operating fund too low 4 22.22% Replacement fund too high 1 5.56% Replacement fund too low 5 27.78% Cost too high 7 38.89% Cost too low 1 5.56% Totals costs unchanged Park Paseo Homeowners Association RDA Forensic Analysis For 2002 to 2003 Current Fully Funded Assigned Asset ID Category Asset Name rem life Cost Resereves Reserves 010.000.01 Overlay/Rehab Overlay/Rehab 15 20 $4,786.00 $1,104.00 $1,104.00 010.000.01 Overlay/Rehab Overlay/Rehab 14 20 $4,943.00 $1,394.00 $0.00 Fully funded value too low should be $1,486.05 No assigned value 020.000.01 Prosa Cabana Prosa Cabana 1 25 $3,483.00 $3,349.00 $3,483.00 020.000.01 Prosa Cabana Prosa Cabana 0 25 $4,070.00 $4,070.00 $4,070.00 Cost value too high should be $3,604.90 Fully funded value too high should be $3,604.90 Assigned value too high should be $3,604.90 020.000.02 Cedar Shake, Spa Cedar Shake, Spa Equipment 2 25 $478.00 $442.00 $442.00 Asset deleted 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 1 15 $476.00 $458.00 $476.00 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 0 15 $578.00 $578.00 $578.00 Cost value too high should be $492.66 Fully funded value too high should be $492.66 Assigned value too high should be $492.66 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,671.00 $1,671.00 $1,671.00 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,802.00 $1,802.00 $1,802.00 Maintenance deferred 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $763.00 $763.00 $763.00 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $823.00 $823.00 $823.00 Maintenance deferred 030.001.05 Spa Equipment Ro Spa Equipment Room 3 5 $1,804.00 $601.00 $601.00 030.001.05 Spa Equipment Ro Spa Equipment Room 2 5 $1,870.00 $1,039.00 $1,039.00 Fully funded value too low should be $1,120.28 Assigned value too low should be $1,120.28 030.001.07 Woodwork Prosa Woodwork Prosa 5 7 $2,106.00 $486.00 $486.00 030.001.07 Woodwork Prosa Woodwork Prosa 4 7 $2,183.00 $840.00 $840.00 Fully funded value too low should be $934.16 Assigned value too low should be $934.16 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,407.00 $1,407.00 $1,407.00 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,447.00 $1,447.00 $1,447.00 Maintenance deferred 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $625.00 $625.00 $625.00 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $643.00 $643.00 $643.00 Maintenance deferred 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $639.00 $639.00 $639.00 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $657.00 $657.00 $657.00 Maintenance deferred 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 4 6 $7,683.00 $2,095.00 $2,095.00 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 3 6 $7,965.00 $3,620.00 $3,620.00 Fully funded value too low should be $3,975.95 Assigned value too low should be $3,975.95 040.000.07 Wrought Iron, Fe Wrought Iron, Fence Extn 92 99 $0.00 $0.00 $0.00 Asset deleted 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 5 10 $27,222.00 $18,148.00 $18,148.00 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 6 10 $28,497.00 $18,439.00 $18,439.00 Remaining life increased Fully funded value too high should be $11,269.91 Assigned value too high should be $11,269.91 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 5 10 $12,787.00 $8,791.00 $8,791.00 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 6 10 $13,387.00 $8,925.00 $8,925.00 Remaining life increased Fully funded value too high should be $5,293.82 Assigned value too high should be $5,293.82 050.000.01 Exterior, Pool/C Exterior, Pool/Club 3 10 $8,952.00 $6,818.00 $6,818.00 050.000.01 Exterior, Pool/C Exterior, Pool/Club 3 10 $9,198.00 $7,167.00 $7,167.00 Remaining life not changed Fully funded value too high should be $6,485.72 Assigned value too high should be $6,485.72 050.000.03 Exterior, Parkin Exterior, Parking Lot 20 22 $980.00 $58.00 $58.00 050.000.03 Exterior, Parkin Exterior, Parking Lot 19 22 $1,009.00 $107.00 $0.00 Fully funded value too low should be $138.31 No assigned value 050.000.05 Exterior, Prosa Exterior, Prosa 3 10 $1,762.00 $1,342.00 $1,342.00 050.000.05 Exterior, Prosa Exterior, Prosa 3 10 $1,808.00 $1,409.00 $1,409.00 Remaining life not changed Fully funded value too high should be $1,276.57 Assigned value too high should be $1,276.57 050.000.07 Parking Lot, Ori Parking Lot, Original 5 22 $4,900.00 $4,083.00 $4,083.00 050.000.07 Parking Lot, Ori Parking Lot, Original 4 22 $5,045.00 $4,372.00 $4,372.00 Fully funded value too high should be $4,149.41 Assigned value too high should be $4,149.41 050.000.08 Interior Prosa C Interior Prosa Cabana 3 20 $1,156.00 $1,005.00 $1,005.00 050.000.08 Interior Prosa C Interior Prosa Cabana 3 20 $1,190.00 $1,041.00 $1,041.00 Remaining life not changed 050.001.01 Interior Clubhou Interior Clubhouse 3 25 $11,088.00 $9,900.00 $9,900.00 050.001.01 Interior Clubhou Interior Clubhouse 1 25 $11,388.00 $10,966.00 $10,966.00 Remaining life decreased too much 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 7 20 $1,924.00 $1,082.00 $1,082.00 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 5 20 $1,976.00 $1,317.00 $1,317.00 Remaining life decreased too much Fully funded value too low should be $1,493.50 Assigned value too low should be $1,493.50 060.001.06 Ceramic Tile, Sh Ceramic Tile, Shower 5 20 $1,407.00 $1,172.00 $1,172.00 060.001.06 Ceramic Tile, Sh Ceramic Tile, Shower 4 20 $1,454.00 $1,260.00 $1,260.00 Fully funded value too high should be $1,165.00 Assigned value too high should be $1,165.00 060.001.10 Furnishings Furnishings 1 10 $20,915.00 $18,824.00 $20,915.00 060.001.10 Furnishings Furnishings 0 10 $25,000.00 $25,000.00 $25,000.00 Cost value too high should be $21,647.02 Fully funded value too high should be $21,647.02 Assigned value too high should be $21,647.02 060.001.14 Window Blinds Window Blinds 4 12 $6,261.00 $4,472.00 $4,472.00 060.001.14 Window Blinds Window Blinds 1 12 $6,316.00 $5,789.00 $5,789.00 Remaining life decreased too much 060.001.15 Water Heater Water Heater 1 12 $3,940.00 $3,629.00 $3,940.00 060.001.15 Water Heater Water Heater 1 12 $4,058.00 $3,761.00 $3,761.00 Remaining life not changed 060.001.16 Wallpaper Wallpaper 5 15 $6,350.00 $4,233.00 $4,233.00 060.001.16 Wallpaper Wallpaper 1 15 $7,094.00 $6,502.00 $6,502.00 Remaining life decreased too much Cost value too high should be $6,572.25 Fully funded value too high should be $6,134.10 Assigned value too high should be $6,134.10 060.001.18 Carpeting Carpeting 0 8 $5,528.00 $5,528.00 $5,528.00 060.001.18 Carpeting Carpeting 0 8 $5,903.00 $5,903.00 $5,903.00 Maintenance deferred 060.003.02 Appliances, 1977 Appliances, 1977 2 15 $504.00 $467.00 $504.00 060.003.02 Appliances, 1977 Appliances, 1977 1 15 $541.00 $521.00 $521.00 Fully funded value too high should be $486.86 Assigned value too high should be $486.86 060.003.04 Appliances, 1998 Appliances, 1998 11 15 $1,262.00 $321.00 $321.00 060.003.04 Appliances, 1998 Appliances, 1998 10 15 $1,299.00 $418.00 $0.00 No assigned value 060.003.08 Kitchen, Sink Kitchen, Sink 11 20 $721.00 $319.00 $319.00 060.003.08 Kitchen, Sink Kitchen, Sink 10 20 $738.00 $364.00 $0.00 No assigned value 060.004.08 Office, Furnishi Office, Furnishings 1 4 $1,473.00 $1,339.00 $1,473.00 060.004.08 Office, Furnishi Office, Furnishings 1 4 $2,464.00 $2,259.00 $2,259.00 Remaining life not changed Cost value too high should be $1,524.55 Fully funded value too high should be $1,143.42 Assigned value too high should be $1,143.42 060.004.11 Office, Typewrit Office, Typewriter 3 6 $372.00 $286.00 $286.00 Asset deleted 060.005.03 Restroom, Counte Restroom, Counters 8 16 $784.00 $465.00 $465.00 060.005.03 Restroom, Counte Restroom, Counters 7 16 $816.00 $526.00 $526.00 Fully funded value too high should be $456.43 Assigned value too high should be $456.43 060.005.10 Restroom, Shower Restroom, Shower Door 13 16 $1,040.00 $177.00 $177.00 060.005.10 Restroom, Shower Restroom, Shower Door 12 16 $1,128.00 $264.00 $0.00 No assigned value 060.005.13 Restroom, Fixtur Restroom, Fixtures 13 25 $5,283.00 $2,499.00 $2,499.00 060.005.13 Restroom, Fixtur Restroom, Fixtures 12 25 $5,528.00 $2,839.00 $0.00 No assigned value 065.001.02 Filter, Main Filter, Main 6 12 $4,424.00 $2,212.00 $2,212.00 065.001.02 Filter, Main Filter, Main 5 12 $3,800.00 $2,217.00 $2,217.00 Cost value too low should be $4,578.84 Fully funded value too low should be $2,670.99 Assigned value too low should be $2,670.99 065.001.03 Heater, Main Heater, Main 10 12 $16,736.00 $2,288.00 $2,288.00 065.001.03 Heater, Main Heater, Main 9 12 $18,500.00 $4,126.00 $1,180.00 Cost value too high should be $17,321.76 Assigned value too low should be $4,330.44 065.001.04 Motor/Pump Syste Motor/Pump System 6 8 $1,630.00 $408.00 $408.00 New Assets 065.001.05 Pump Pump 0 10 $4,086.00 $4,086.00 $4,086.00 065.001.05 Pump Pump 2 8 $3,550.00 $3,132.00 $3,132.00 Maintenance deferred Remaining life increased Cost value too low should be $4,229.01 065.002.01 Spa, Filter Spa, Filter 0 10 $1,077.00 $1,077.00 $1,077.00 065.002.01 Spa, Filter Spa, Filter 2 10 $700.00 $588.00 $588.00 Maintenance deferred Remaining life increased Cost value too low should be $1,114.69 Fully funded value too low should be $891.76 Assigned value too low should be $891.76 065.002.02 Spa, Heater Spa, Heater 0 10 $1,803.00 $1,803.00 $1,803.00 065.002.02 Spa, Heater Spa, Heater 6 10 $2,275.00 $1,138.00 $1,138.00 Maintenance deferred Remaining life increased Cost value too high should be $1,866.10 Fully funded value too high should be $746.44 Assigned value too high should be $746.44 065.002.03 Spa, Pump/Motor Spa, Pump/Motor 6 8 $815.00 $204.00 $204.00 New Assets 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 5 10 $3,286.00 $1,629.00 $1,629.00 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 4 10 $3,754.00 $2,240.00 $2,240.00 Cost value too high should be $3,401.01 Fully funded value too high should be $2,040.61 Assigned value too high should be $2,040.61 065.003.01 Wader, Filter Wader, Filter 7 9 $956.00 $161.00 $161.00 065.003.01 Wader, Filter Wader, Filter 6 9 $550.00 $158.00 $158.00 Cost value too low should be $989.46 Fully funded value too low should be $329.82 Assigned value too low should be $329.82 065.003.02 Wader, Heater Wader, Heater 0 8 $1,485.00 $1,485.00 $1,485.00 065.003.02 Wader, Heater Wader, Heater 2 10 $1,565.00 $1,321.00 $1,321.00 Maintenance deferred Remaining life increased Fully funded value too high should be $1,229.58 Assigned value too high should be $1,229.58 065.003.03 Wader, Pump/Moto Wader, Pump/Motor 5 8 $515.00 $186.00 $186.00 New Assets 065.003.04 Wader, Refibergl Wader, Refiberglass/Replaster & Tile 7 12 $2,998.00 $1,237.00 $1,237.00 065.003.04 Wader, Refibergl Wader, Refiberglass/Replaster & Tile 6 12 $3,302.00 $1,639.00 $1,639.00 Cost value too high should be $3,102.93 Fully funded value too high should be $1,551.46 Assigned value too high should be $1,551.46 067.001.03 Barbecues Barbecues 3 10 $1,608.00 $1,367.00 $1,367.00 067.001.03 Barbecues Barbecues 13 14 $5,849.00 $285.00 $0.00 Maintenance completed Useful life increased 067.001.06 Diving Board, Ma Diving Board, Main 8 18 $1,490.00 $612.00 $612.00 067.001.06 Diving Board, Ma Diving Board, Main 7 18 $1,534.00 $743.00 $743.00 Fully funded value too low should be $942.42 Assigned value too low should be $942.42 067.002.02 Deck Caulking Deck Caulking 0 4 $7,000.00 $7,000.00 $7,000.00 067.002.02 Deck Caulking Deck Caulking 2 4 $7,315.00 $3,658.00 $3,658.00 Maintenance deferred Remaining life increased 067.003.01 Furniture Furniture 0 6 $20,011.00 $20,011.00 $20,011.00 067.003.01 Furniture Furniture 2 7 $22,731.00 $19,829.00 $19,829.00 Maintenance deferred Remaining life increased Cost value too high should be $20,711.38 Fully funded value too high should be $14,793.85 Assigned value too high should be $14,793.85 069.001.01 Filter, Prosa Filter, Prosa 0 12 $2,154.00 $2,154.00 $2,154.00 069.001.01 Filter, Prosa Filter, Prosa 3 12 $700.00 $538.00 $538.00 Maintenance deferred Remaining life increased Cost value too low should be $2,229.39 Fully funded value too low should be $1,672.04 Assigned value too low should be $1,672.04 069.001.04 Heater, Prosa Heater, Prosa 0 12 $1,803.00 $1,803.00 $1,803.00 069.001.04 Heater, Prosa Heater, Prosa 3 12 $2,275.00 $1,820.00 $1,820.00 Maintenance deferred Remaining life increased Cost value too high should be $1,866.10 Fully funded value too high should be $1,399.58 Assigned value too high should be $1,399.58 069.001.05 Motor Motor 2 8 $575.00 $487.00 $487.00 New Assets 069.001.06 Pump Pump 4 8 $300.00 $150.00 $150.00 New Assets 070.001.02 Barbecues Barbecues 1 10 $1,072.00 $1,009.00 $1,072.00 070.001.02 Barbecues Barbecues 1 10 $1,104.00 $1,043.00 $1,043.00 Remaining life not changed 070.001.05 Furniture Furniture 0 6 $6,836.00 $6,836.00 $6,836.00 070.001.05 Furniture Furniture 2 7 $5,504.00 $4,801.00 $4,801.00 Maintenance deferred Remaining life increased Cost value too low should be $7,075.26 Fully funded value too low should be $5,053.76 Assigned value too low should be $5,053.76 070.001.07 Repairs Repairs 1 15 $1,978.00 $1,884.00 $1,978.00 070.001.07 Repairs Repairs 3 15 $2,057.00 $1,800.00 $1,800.00 Remaining life increased Fully funded value too high should be $1,637.78 Assigned value too high should be $1,637.78 070.002.01 Ceramic Shower Ceramic Shower 2 15 $4,653.00 $4,230.00 $4,230.00 070.002.01 Ceramic Shower Ceramic Shower 4 25 $4,807.00 $4,038.00 $4,038.00 Remaining life increased Useful life increased 070.002.03 Ceramic Tile, Sh Ceramic Tile, Shower 4 20 $5,918.00 $4,932.00 $4,932.00 070.002.03 Ceramic Tile, Sh Ceramic Tile, Shower 6 25 $6,141.00 $4,776.00 $4,776.00 Remaining life increased Useful life increased 070.003.01 Deck, Caulking Deck, Caulking 0 4 $2,308.00 $2,308.00 $2,308.00 070.003.01 Deck, Caulking Deck, Caulking 2 4 $2,412.00 $1,206.00 $1,206.00 Maintenance deferred Remaining life increased 080.000.01 Benches Benches 1 15 $2,670.00 $2,492.00 $2,670.00 080.000.01 Benches Benches 2 15 $2,775.00 $2,449.00 $2,449.00 Remaining life increased 080.000.02 Chain Link Fenci Chain Link Fencing 4 25 $13,193.00 $11,373.00 $11,373.00 080.000.02 Chain Link Fenci Chain Link Fencing 4 25 $13,470.00 $11,674.00 $11,674.00 Remaining life not changed 080.000.05 Lighting Lighting 4 25 $10,272.00 $8,855.00 $8,855.00 080.000.05 Lighting Lighting 6 25 $10,656.00 $8,658.00 $8,658.00 Remaining life increased Fully funded value too high should be $8,079.96 Assigned value too high should be $8,079.96 085.002.01 Drinking Fountai Drinking Fountain, C/H 1 12 $1,944.00 $1,851.00 $1,944.00 085.002.01 Drinking Fountai Drinking Fountain, C/H 0 12 $2,118.00 $2,118.00 $2,118.00 Cost value too high should be $2,012.04 Fully funded value too high should be $2,012.04 Assigned value too high should be $2,012.04 085.002.02 Drinking Fntns, Drinking Fntns, Concrete 2 20 $4,430.00 $4,102.00 $4,102.00 085.002.02 Drinking Fntns, Drinking Fntns, Concrete 7 30 $4,525.00 $3,565.00 $3,565.00 Remaining life increased Useful life increased 085.003.01 Play Equipment, Play Equipment, Alba 17 20 $15,293.00 $2,294.00 $2,294.00 085.003.01 Play Equipment, Play Equipment, Alba 16 20 $15,751.00 $3,150.00 $0.00 No assigned value 085.003.03 Sand Repl, Prosa Sand Repl, Prosa/Alba 0 10 $2,417.00 $2,417.00 $2,417.00 085.003.03 Sand Repl, Prosa Sand Repl, Prosa/Alba 1 10 $2,514.00 $2,329.00 $2,329.00 Maintenance deferred Remaining life increased 085.004.01 Play Equip, Main Play Equip, Main, Prosa 15 20 $34,776.00 $8,025.00 $8,025.00 085.004.01 Play Equip, Main Play Equip, Main, Prosa 14 20 $35,819.00 $10,103.00 $0.00 Fully funded value too low should be $10,797.95 No assigned value 085.004.04 Sand Repl, Main Sand Repl, Main 1 10 $2,141.00 $1,971.00 $2,141.00 085.004.04 Sand Repl, Main Sand Repl, Main 1 10 $2,226.00 $2,063.00 $2,063.00 Remaining life not changed 090.000.04 Trellis, Wood, P Trellis, Wood, Patio Cover 15 15 $10,000.00 $0.00 $0.00 New Assets 097.000.02 Irrigation, Cont Irrigation, Controllers 3 12 $25,016.00 $18,762.00 $18,762.00 097.000.02 Irrigation, Cont Irrigation, Controllers 3 12 $26,229.00 $20,176.00 $20,176.00 Remaining life not changed 097.000.03 Irrigation, Cont Irrigation, Controller Enclosures 0 25 $8,750.00 $8,750.00 $8,750.00 New Assets 110.000.01 Golf Cart, Repla Golf Cart, Replacement 1 1 $2,000.00 $1,833.00 $1,833.00 New Assets 2002 - 2003 RDA Forensic Analysis Summary Estimated inflation 3.5% Consumer Price Index 1.6% Error band +/- 5% Funded Assigned Total Cost value Value Last Year Costs $528,222.00 $353,804.00 $369,592.00 This Year Costs $580,528.00 $403,732.00 $381,862.00 Calculated Costs $572,599.74 $414,033.46 $414,033.46 Comparing This Year Costs to Last Year Costs Difference $52,306.00 $49,928.00 $12,270.00 percent difference 9.90% 14.11% 3.32% exceeds CC&R limits Comparing This Year Costs to Calculated Costs Difference $7,928.26 $-10,301.46 $-32,171.46 percent difference 1.37% -2.55% -8.42% 102 Total Assets 71 Total Issues $27,547.30 Unfunded Liability 0.70 Issues / Asset number % Description 8 7.84% New Assets 8 7.84% No assigned value 12 11.76% Cost value too high 6 5.88% Cost value too low 22 21.57% Fully funded value too high 13 12.75% Fully funded value too low 22 21.57% Assigned value too high 11 10.78% Assigned value too low 3 2.94% Asset deleted 9 8.82% Remaining life not changed 19 18.63% Remaining life increased 4 3.92% Remaining life decreased too much 4 3.92% Useful life increased 17 16.67% Maintenance deferred 1 0.98% Maintenance completed 17 16.67% Total assets to be maintained