Park Paseo Homeowners Association Audited Forensic Report For 2003 to 2004 Revenue 505.000.01 Homeowners Association Fees $386,021.00 $71,479.00 $457,500.00 505.000.01 Homeowners Association Fees $396,669.00 $60,831.00 $457,500.00 Operating fund too low difference is $-10,648.00 Replacement fund too high difference is $10,648.00 Totals costs unchanged 530.000.01 Late Fees & Interest $5,000.00 $0.00 $5,000.00 530.000.01 Late Fees & Interest $5,649.00 $0.00 $5,649.00 Operating fund too low difference is $-649.00 Cost too low difference is $-649.00 540.000.09 Other Charges to Owners $7,071.00 $0.00 $7,071.00 540.000.09 Other Charges to Owners $9,299.00 $0.00 $9,299.00 Operating fund too low difference is $-2,228.00 Cost too low difference is $-2,228.00 540.000.10 Other Income $7,712.00 $0.00 $7,712.00 540.000.10 Other Income $6,797.00 $528.00 $7,325.00 Operating fund too high difference is $915.00 Replacement fund too low difference is $-528.00 Expense 640.000.07 Office supplies/printing/postage $9,735.00 $0.00 $9,735.00 640.000.07 Office supplies/printing/postage $10,674.00 $0.00 $10,674.00 Operating fund too low difference is $-939.00 Cost too low difference is $-939.00 680.001.02 Newsletters/Mailouts/Extras $3,085.00 $0.00 $3,085.00 680.001.02 Newsletters/Mailouts/Extras $2,828.00 $0.00 $2,828.00 Operating fund too high difference is $257.00 Cost too high difference is $257.00 700.000.01 Insurance $17,354.00 $0.00 $17,354.00 700.000.01 Insurance $15,828.00 $0.00 $15,828.00 Operating fund too high difference is $1,526.00 Cost too high difference is $1,526.00 720.000.08 Landscape Expense $143,619.00 $0.00 $143,619.00 720.000.08 Landscape Expense $164,166.00 $0.00 $164,166.00 Operating fund too low difference is $-20,547.00 Cost too low difference is $-20,547.00 760.000.02 Legal Services $8,465.00 $0.00 $8,465.00 760.000.02 Legal Services $7,152.00 $8,460.00 $15,612.00 Operating fund too high difference is $1,313.00 Replacement fund too low difference is $-8,460.00 Cost too low difference is $-7,147.00 780.000.01 Property Protection - Patrol Service $53,685.00 $0.00 $53,685.00 780.000.01 Property Protection - Patrol Service $46,867.00 $0.00 $46,867.00 Operating fund too high difference is $6,818.00 Cost too high difference is $6,818.00 840.001.11 Common Areas $34,345.00 $50,173.00 $84,518.00 840.001.11 Common Areas $37,260.00 $25,164.00 $62,424.00 Operating fund too low difference is $-2,915.00 Replacement fund too high difference is $25,009.00 Cost too high difference is $22,094.00 840.006.05 Pool Monitor $29,629.00 $0.00 $29,629.00 840.006.05 Pool Monitor $18,784.00 $0.00 $18,784.00 Operating fund too high difference is $10,845.00 Cost too high difference is $10,845.00 900.000.04 Miscellaneous $12,140.00 $0.00 $12,140.00 900.000.04 Miscellaneous $6,264.00 $0.00 $6,264.00 Operating fund too high difference is $5,876.00 Cost too high difference is $5,876.00 920.000.10 Pool/Spa $15,818.00 $9,193.00 $25,011.00 920.000.10 Pool/Spa $20,122.00 $0.00 $20,122.00 Operating fund too low difference is $-4,304.00 Replacement fund too high difference is $9,193.00 Cost too high difference is $4,889.00 2003 - 2004 Analysis Summary Estimated inflation 3% Consumer Price Index 2.3% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2003 $430,866.00 $61,359.00 $492,225.00 Revenue 2004 $418,974.00 $71,479.00 $490,453.00 Expense 2003 $441,718.00 $33,624.00 $475,342.00 Expense 2004 $446,064.00 $59,366.00 $505,430.00 revenue - expense 2003 $-10,852.00 $27,735.00 $16,883.00 revenue - expense 2004 $-27,090.00 $12,113.00 $-14,977.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-16,238.00 $-15,622.00 $-31,860.00 percent difference 149.63% -56.33% -188.71% Total Assets 18 Total Issues 64 Issues/Asset 3.56 count % Description 7 38.89% Operating fund too high 7 38.89% Operating fund too low 3 16.67% Replacement fund too high 2 11.11% Replacement fund too low 7 38.89% Cost too high 5 27.78% Cost too low 1 5.56% Totals costs unchanged Park Paseo Homeowners Association UnAudited Forensic Report For 2003 to 2004 Revenue 505.000.01 Homeowners Association Fees $386,021.00 $71,479.00 $457,500.00 505.000.01 Homeowners Association Fees $396,669.00 $60,831.00 $457,500.00 Operating fund too low difference is $-10,648.00 Replacement fund too high difference is $10,648.00 Totals costs unchanged 530.000.01 Late Fees & Interest $5,000.00 $0.00 $5,000.00 530.000.01 Late Fees & Interest $5,649.00 $0.00 $5,649.00 Operating fund too low difference is $-649.00 Cost too low difference is $-649.00 540.000.09 Other Charges to Owners $7,071.00 $0.00 $7,071.00 540.000.09 Other Charges to Owners $9,299.00 $0.00 $9,299.00 Operating fund too low difference is $-2,228.00 Cost too low difference is $-2,228.00 540.000.10 Other Income $7,712.00 $0.00 $7,712.00 540.000.10 Other Income $6,797.00 $528.00 $7,325.00 Operating fund too high difference is $915.00 Replacement fund too low difference is $-528.00 Expense 640.000.07 Office supplies/printing/postage $9,735.00 $0.00 $9,735.00 640.000.07 Office supplies/printing/postage $10,674.00 $0.00 $10,674.00 Operating fund too low difference is $-939.00 Cost too low difference is $-939.00 680.001.02 Newsletters/Mailouts/Extras $3,085.00 $0.00 $3,085.00 680.001.02 Newsletters/Mailouts/Extras $2,828.00 $0.00 $2,828.00 Operating fund too high difference is $257.00 Cost too high difference is $257.00 700.000.01 Insurance $17,354.00 $0.00 $17,354.00 700.000.01 Insurance $15,828.00 $0.00 $15,828.00 Operating fund too high difference is $1,526.00 Cost too high difference is $1,526.00 720.000.08 Landscape Expense $143,619.00 $0.00 $143,619.00 720.000.08 Landscape Expense $164,166.00 $0.00 $164,166.00 Operating fund too low difference is $-20,547.00 Cost too low difference is $-20,547.00 760.000.02 Legal Services $8,465.00 $0.00 $8,465.00 760.000.02 Legal Services $7,152.00 $8,460.00 $15,612.00 Operating fund too high difference is $1,313.00 Replacement fund too low difference is $-8,460.00 Cost too low difference is $-7,147.00 780.000.01 Property Protection - Patrol Service $53,685.00 $0.00 $53,685.00 780.000.01 Property Protection - Patrol Service $46,867.00 $0.00 $46,867.00 Operating fund too high difference is $6,818.00 Cost too high difference is $6,818.00 840.001.11 Common Areas $34,345.00 $50,173.00 $84,518.00 840.001.11 Common Areas $37,260.00 $25,164.00 $62,424.00 Operating fund too low difference is $-2,915.00 Replacement fund too high difference is $25,009.00 Cost too high difference is $22,094.00 840.006.05 Pool Monitor $29,629.00 $0.00 $29,629.00 840.006.05 Pool Monitor $18,784.00 $0.00 $18,784.00 Operating fund too high difference is $10,845.00 Cost too high difference is $10,845.00 900.000.04 Miscellaneous $12,140.00 $0.00 $12,140.00 900.000.04 Miscellaneous $6,264.00 $0.00 $6,264.00 Operating fund too high difference is $5,876.00 Cost too high difference is $5,876.00 920.000.10 Pool/Spa $15,818.00 $9,193.00 $25,011.00 920.000.10 Pool/Spa $20,122.00 $0.00 $20,122.00 Operating fund too low difference is $-4,304.00 Replacement fund too high difference is $9,193.00 Cost too high difference is $4,889.00 2003 - 2004 Analysis Summary Estimated inflation 3% Consumer Price Index 2.3% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2003 $430,866.00 $61,359.00 $492,225.00 Revenue 2004 $418,974.00 $71,479.00 $490,453.00 Expense 2003 $441,718.00 $33,624.00 $475,342.00 Expense 2004 $446,064.00 $59,366.00 $505,430.00 revenue - expense 2003 $-10,852.00 $27,735.00 $16,883.00 revenue - expense 2004 $-27,090.00 $12,113.00 $-14,977.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-16,238.00 $-15,622.00 $-31,860.00 percent difference 149.63% -56.33% -188.71% Total Assets 18 Total Issues 64 Issues/Asset 3.56 count % Description 7 38.89% Operating fund too high 7 38.89% Operating fund too low 3 16.67% Replacement fund too high 2 11.11% Replacement fund too low 7 38.89% Cost too high 5 27.78% Cost too low 1 5.56% Totals costs unchanged Park Paseo Homeowners Association RDA Forensic Analysis For 2003 to 2004 Current Fully Funded Assigned Asset ID Category Asset Name rem life Cost Resereves Reserves 010.000.01 Overlay/Rehab Overlay/Rehab 14 20 $4,943.00 $1,394.00 $0.00 010.000.01 Overlay/Rehab Overlay/Rehab 15 20 $6,167.00 $1,541.83 $0.00 Remaining life increased Cost value too high should be $5,091.29 Fully funded value too high should be $1,272.82 No assigned value 010.000.03 Asphalt Repairs Asphalt Repairs 0 4 $1,554.00 $1,554.00 $1,554.00 010.000.03 Asphalt Repairs Asphalt Repairs 3 4 $1,585.00 $396.22 $396.22 Maintenance completed 010.000.04 Slurry Sealing & Slurry Sealing & Stripping 0 4 $1,726.00 $1,726.00 $1,726.00 010.000.04 Slurry Sealing & Slurry Sealing & Stripping 3 4 $1,805.00 $451.15 $451.15 Maintenance completed 020.000.01 Prosa Cabana Prosa Cabana 0 25 $4,070.00 $4,070.00 $4,070.00 020.000.01 Prosa Cabana Prosa Cabana 0 25 $4,149.00 $4,149.15 $4,149.15 Maintenance deferred 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 0 15 $578.00 $578.00 $578.00 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 0 15 $591.60 $591.60 $591.60 Maintenance deferred 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,802.00 $1,802.00 $1,802.00 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $1,867.00 $1,867.32 $1,867.32 Maintenance deferred 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $823.00 $823.00 $823.00 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $852.72 $852.72 $852.72 Maintenance deferred 030.001.07 Woodwork Prosa Woodwork Prosa 4 7 $2,183.00 $840.00 $840.00 030.001.07 Woodwork Prosa Woodwork Prosa 3 7 $2,105.00 $1,203.01 $1,203.01 Cost value too low should be $2,248.49 Fully funded value too low should be $1,284.85 Assigned value too low should be $1,284.85 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,447.00 $1,447.00 $1,447.00 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $1,487.00 $1,487.40 $1,487.40 Maintenance deferred 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $643.00 $643.00 $643.00 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $660.00 $660.45 $660.45 Maintenance deferred 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $657.00 $657.00 $657.00 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $675.00 $675.40 $675.40 Maintenance deferred 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 3 6 $7,965.00 $3,620.00 $3,620.00 030.003.01 Wood/Trim, Clubh Wood/Trim, Clubhouse 2 6 $7,781.00 $5,187.57 $5,187.57 Cost value too low should be $8,203.95 Fully funded value too low should be $5,469.30 Assigned value too low should be $5,469.30 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 6 10 $28,497.00 $18,439.00 $18,439.00 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 5 10 $27,222.00 $20,455.76 $20,455.76 Cost value too low should be $29,351.91 Fully funded value too high should be $14,675.95 Assigned value too high should be $14,675.95 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 6 10 $13,387.00 $8,925.00 $8,925.00 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 5 10 $12,787.00 $9,831.61 $9,831.61 Cost value too low should be $13,788.61 Fully funded value too high should be $6,894.31 Assigned value too high should be $6,894.31 040.000.10 Wrought Iron, St Wrought Iron, Streets 3 20 $3,089.00 $2,626.00 $2,626.00 040.000.10 Wrought Iron, St Wrought Iron, Streets 2 20 $2,953.00 $2,829.74 $2,829.74 Cost value too low should be $3,181.67 040.000.11 Wrought Iron, St Wrought Iron, Street 7 20 $538.00 $345.00 $345.00 040.000.11 Wrought Iron, St Wrought Iron, Street 6 20 $515.00 $379.36 $379.36 Cost value too low should be $554.14 050.000.01 Exterior, Pool/C Exterior, Pool/Club 3 10 $9,198.00 $7,167.00 $7,167.00 050.000.01 Exterior, Pool/C Exterior, Pool/Club 2 10 $9,996.00 $7,997.19 $7,997.19 Cost value too high should be $9,473.94 Fully funded value too high should be $7,579.15 Assigned value too high should be $7,579.15 050.000.03 Exterior, Parkin Exterior, Parking Lot 19 22 $1,009.00 $107.00 $0.00 050.000.03 Exterior, Parkin Exterior, Parking Lot 18 22 $874.00 $158.91 $0.00 Cost value too low should be $1,039.27 Fully funded value too low should be $188.96 No assigned value 050.000.05 Exterior, Prosa Exterior, Prosa 3 10 $1,808.00 $1,409.00 $1,409.00 050.000.05 Exterior, Prosa Exterior, Prosa 2 10 $1,959.00 $1,567.37 $1,567.37 Cost value too high should be $1,862.24 Fully funded value too high should be $1,489.79 Assigned value too high should be $1,489.79 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 5 20 $1,976.00 $1,317.00 $1,317.00 060.001.05 Ceramic Tile, Co Ceramic Tile, Counters 4 20 $1,859.00 $1,487.20 $1,487.20 Cost value too low should be $2,035.28 Fully funded value too low should be $1,628.22 Assigned value too low should be $1,628.22 060.001.10 Furnishings Furnishings 0 10 $25,000.00 $25,000.00 $25,000.00 060.001.10 Furnishings Furnishings 0 10 $25,000.00 $25,000.00 $25,000.00 Maintenance deferred Cost not changed 060.001.18 Carpeting Carpeting 0 8 $5,903.00 $5,903.00 $5,903.00 060.001.18 Carpeting Carpeting 0 8 $6,182.00 $6,182.46 $6,182.46 Maintenance deferred 060.004.01 Office, Computer Office, Computers/Equipment 0 5 $4,200.00 $4,200.00 $4,200.00 060.004.01 Office, Computer Office, Computers/Equipment 0 5 $4,326.00 $4,326.00 $4,326.00 Maintenance deferred 060.004.03 Office, Copier Office, Copier 0 5 $2,245.00 $2,245.00 $2,245.00 060.004.03 Office, Copier Office, Copier 0 5 $2,312.00 $2,312.00 $2,312.00 Maintenance deferred 060.004.07 Office, Fax Mach Office, Fax Machine 0 6 $1,078.00 $1,078.00 $1,078.00 060.004.07 Office, Fax Mach Office, Fax Machine 0 6 $1,110.00 $1,110.00 $1,110.00 Maintenance deferred 060.005.01 Restroom Restroom 1 15 $4,297.00 $4,010.55 $4,010.55 New Assets 060.005.03 Restroom, Counte Restroom, Counters 7 16 $816.00 $526.00 $526.00 060.005.03 Restroom, Counte Restroom, Counters 6 16 $925.00 $578.17 $578.17 Cost value too high should be $840.48 Fully funded value too high should be $525.30 Assigned value too high should be $525.30 060.005.05 Restroom, Locker Restroom, Lockers 2 15 $4,208.00 $3,634.00 $3,634.00 Asset deleted 060.005.10 Restroom, Shower Restroom, Shower Door 12 16 $1,128.00 $264.00 $0.00 060.005.10 Restroom, Shower Restroom, Shower Door 11 16 $1,094.00 $341.96 $341.96 Cost value too low should be $1,161.84 Fully funded value too low should be $363.07 Assigned value too low should be $363.07 065.001.03 Heater, Main Heater, Main 9 12 $18,500.00 $4,126.00 $1,180.00 065.001.03 Heater, Main Heater, Main 8 12 $17,684.00 $5,894.71 $5,894.71 Cost value too low should be $19,055.00 Fully funded value too low should be $6,351.67 Assigned value too low should be $6,351.67 065.001.05 Pump Pump 2 8 $3,550.00 $3,132.00 $3,132.00 065.001.05 Pump Pump 1 8 $3,933.00 $3,440.94 $3,440.94 Cost value too high should be $3,656.50 Fully funded value too high should be $3,199.44 Assigned value too high should be $3,199.44 065.002.02 Spa, Heater Spa, Heater 6 10 $2,275.00 $1,138.00 $1,138.00 065.002.02 Spa, Heater Spa, Heater 5 10 $2,734.00 $1,366.75 $1,366.75 Cost value too high should be $2,343.25 Fully funded value too high should be $1,171.62 Assigned value too high should be $1,171.62 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 4 10 $3,754.00 $2,240.00 $2,240.00 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 3 8 $4,300.00 $2,687.39 $2,687.39 Useful life decreased Cost value too high should be $3,866.62 Fully funded value too high should be $2,416.64 Assigned value too high should be $2,416.64 065.003.01 Wader, Filter Wader, Filter 6 9 $550.00 $158.00 $158.00 065.003.01 Wader, Filter Wader, Filter 5 9 $517.00 $229.76 $229.76 Cost value too low should be $566.50 Fully funded value too low should be $251.78 Assigned value too low should be $251.78 067.001.03 Barbecues Barbecues 13 14 $5,849.00 $285.00 $0.00 067.001.03 Barbecues Barbecues 12 14 $5,142.00 $734.63 $734.63 Cost value too low should be $6,024.47 Fully funded value too low should be $860.64 Assigned value too low should be $860.64 067.001.06 Diving Board, Ma Diving Board, Main 7 18 $1,534.00 $743.00 $743.00 067.001.06 Diving Board, Ma Diving Board, Main 6 18 $1,323.00 $882.09 $882.09 Cost value too low should be $1,580.02 Fully funded value too low should be $1,053.35 Assigned value too low should be $1,053.35 067.002.02 Deck Caulking Deck Caulking 2 4 $7,315.00 $3,658.00 $3,658.00 067.002.02 Deck Caulking Deck Caulking 3 4 $5,040.00 $1,260.00 $1,260.00 Maintenance completed 067.003.01 Furniture Furniture 2 7 $22,731.00 $19,829.00 $19,829.00 067.003.01 Furniture Furniture 1 7 $25,409.00 $21,779.06 $21,779.06 Cost value too high should be $23,412.93 Fully funded value too high should be $20,068.23 Assigned value too high should be $20,068.23 069.001.05 Motor Motor 2 8 $575.00 $487.00 $487.00 069.001.05 Motor Motor 1 8 $625.00 $546.46 $546.46 Cost value too high should be $592.25 Fully funded value too high should be $518.22 Assigned value too high should be $518.22 070.001.05 Furniture Furniture 2 7 $5,504.00 $4,801.00 $4,801.00 070.001.05 Furniture Furniture 1 7 $6,149.00 $5,270.64 $5,270.64 Cost value too high should be $5,669.12 Fully funded value too high should be $4,859.25 Assigned value too high should be $4,859.25 070.003.01 Deck, Caulking Deck, Caulking 2 4 $2,412.00 $1,206.00 $1,206.00 070.003.01 Deck, Caulking Deck, Caulking 2 4 $2,024.00 $1,012.17 $1,012.17 Remaining life not changed Cost value too low should be $2,484.36 Fully funded value too low should be $1,242.18 Assigned value too low should be $1,242.18 070.004.02 Water Heater Pro Water Heater Prosa 0 10 $4,058.00 $4,058.00 $4,058.00 070.004.02 Water Heater Pro Water Heater Prosa 0 10 $4,179.00 $4,179.00 $4,179.00 Maintenance deferred 080.000.03 Concrete, Replac Concrete, Replacement 10 10 $0.00 $0.00 $0.00 New Assets 080.000.05 Lighting Lighting 6 25 $10,656.00 $8,658.00 $8,658.00 080.000.05 Lighting Lighting 5 25 $10,395.00 $8,316.00 $8,316.00 Cost value too low should be $10,975.68 Fully funded value too low should be $8,780.54 Assigned value too low should be $8,780.54 080.000.06 Resurfacing Resurfacing 0 6 $6,336.00 $6,336.00 $6,336.00 080.000.06 Resurfacing Resurfacing 6 6 $0.00 $0.00 $0.00 Assets changed to unfunded 080.000.07 Windscreen Windscreen 0 6 $2,372.00 $2,372.00 $2,372.00 080.000.07 Windscreen Windscreen 0 6 $2,451.00 $2,451.48 $2,451.48 Maintenance deferred 085.002.01 Drinking Fountai Drinking Fountain, C/H 0 12 $2,118.00 $2,118.00 $2,118.00 085.002.01 Drinking Fountai Drinking Fountain, C/H 0 12 $21,623.60 $2,162.00 $2,162.00 Maintenance deferred Cost value too high should be $2,181.54 085.003.01 Play Equipment, Play Equipment, Alba 16 20 $15,751.00 $3,150.00 $0.00 085.003.01 Play Equipment, Play Equipment, Alba 15 20 $16,223.00 $4,055.75 $0.00 No assigned value 085.004.01 Play Equip, Main Play Equip, Main, Prosa 14 20 $35,819.00 $10,103.00 $0.00 085.004.01 Play Equip, Main Play Equip, Main, Prosa 13 20 $35,136.00 $12,297.67 $10,002.78 Assigned value too low should be $12,912.75 090.000.04 Trellis, Wood, P Trellis, Wood, Patio Cover 15 15 $10,000.00 $0.00 $0.00 090.000.04 Trellis, Wood, P Trellis, Wood, Patio Cover 14 15 $10,000.00 $666.67 $0.00 Cost not changed 095.002.05 Tree Trimming Tree Trimming 0 3 $21,660.00 $21,660.00 $21,660.00 095.002.05 Tree Trimming Tree Trimming 2 3 $20,455.00 $6,818.24 $6,818.24 Maintenance completed 097.000.03 Irrigation, Cont Irrigation, Controller Enclosures 0 25 $8,750.00 $8,750.00 $8,750.00 097.000.03 Irrigation, Cont Irrigation, Controller Enclosures 0 25 $8,750.00 $8,750.00 $8,750.00 Maintenance deferred Cost not changed 110.000.01 Golf Cart, Repla Golf Cart, Replacement 1 12 $2,000.00 $1,833.00 $1,833.00 110.000.01 Golf Cart, Repla Golf Cart, Replacement 0 12 $2,000.00 $2,000.00 $2,000.00 Cost not changed 2003 - 2004 RDA Forensic Analysis Summary Estimated inflation 3% Consumer Price Index 2.3% Error band +/- 5% Funded Assigned Total Cost value Value Last Year Costs $580,528.00 $403,732.00 $381,862.00 This Year Costs $600,851.69 $417,258.83 $408,540.68 Calculated Costs $586,682.87 $418,218.17 $418,218.17 Comparing This Year Costs to Last Year Costs Difference $20,323.69 $13,526.83 $26,678.68 percent difference 3.50% 3.35% 6.99% Comparing This Year Costs to Calculated Costs Difference $14,168.82 $-959.34 $-9,677.49 percent difference 2.36% -0.23% -2.37% 103 Total Assets 50 Total Issues $10,424.14 Unfunded Liability 0.49 Issues / Asset number % Description 2 1.94% New Assets 3 2.91% No assigned value 11 10.68% Cost value too high 15 14.56% Cost value too low 12 11.65% Fully funded value too high 11 10.68% Fully funded value too low 11 10.68% Assigned value too high 11 10.68% Assigned value too low 1 0.97% Asset deleted 1 0.97% Remaining life not changed 1 0.97% Remaining life increased 1 0.97% Useful life decreased 16 15.53% Maintenance deferred 4 3.88% Maintenance completed 19 18.45% Total assets to be maintained 4 3.88% Cost not changed 1 0.97% Assets changed to unfunded