Park Paseo Homeowners Association Audited Forensic Report For 2006 to 2007 Revenue 505.000.01 Homeowners Association Fees $416,344.00 $93,856.00 $510,200.00 505.000.01 Homeowners Association Fees $406,025.00 $81,475.00 $487,500.00 Replacement fund too high difference is $12,381.00 530.000.01 Late Fees & Interest $4,597.00 $0.00 $4,597.00 530.000.01 Late Fees & Interest $5,815.00 $0.00 $5,815.00 Operating fund too low difference is $-1,218.00 Cost too low difference is $-1,218.00 540.000.08 Sale of Easement $16,700.00 $0.00 $16,700.00 Added Asset(s) Revenue 540.000.09 Other Charges to Owners $23,555.00 $0.00 $23,555.00 540.000.09 Other Charges to Owners $5,968.00 $0.00 $5,968.00 Operating fund too high difference is $17,587.00 Cost too high difference is $17,587.00 540.000.10 Other Income $16,967.00 $0.00 $16,967.00 Deleted Asset(s) Revenue Expense 680.001.02 Newsletters/Mailouts/Extras $3,602.00 $0.00 $3,602.00 680.001.02 Newsletters/Mailouts/Extras $2,988.00 $0.00 $2,988.00 Operating fund too high difference is $614.00 Cost too high difference is $614.00 720.000.08 Landscape Expense $147,702.00 $0.00 $147,702.00 720.000.08 Landscape Expense $140,982.00 $44,660.00 $185,642.00 Replacement fund too low difference is $-44,660.00 Cost too low difference is $-37,940.00 760.000.02 Legal Services $16,516.00 $0.00 $16,516.00 760.000.02 Legal Services $9,077.00 $0.00 $9,077.00 Operating fund too high difference is $7,439.00 Cost too high difference is $7,439.00 840.001.11 Common Areas $32,011.00 $0.00 $32,011.00 840.001.11 Common Areas $41,306.00 $0.00 $41,306.00 Operating fund too low difference is $-9,295.00 Cost too low difference is $-9,295.00 840.006.05 Pool Monitor $14,894.00 $0.00 $14,894.00 840.006.05 Pool Monitor $18,059.00 $0.00 $18,059.00 Operating fund too low difference is $-3,165.00 Cost too low difference is $-3,165.00 880.000.01 Federal Income Tax $14,571.00 $0.00 $14,571.00 880.000.01 Federal Income Tax $8,373.00 $0.00 $8,373.00 Operating fund too high difference is $6,198.00 Cost too high difference is $6,198.00 900.000.03 Loss on sale of investment $8,102.00 $0.00 $8,102.00 Deleted Asset(s) Expense 900.000.04 Miscellaneous $15,109.00 $0.00 $15,109.00 900.000.04 Miscellaneous $10,843.00 $0.00 $10,843.00 Operating fund too high difference is $4,266.00 Cost too high difference is $4,266.00 2006 - 2007 Analysis Summary Estimated inflation 3% Consumer Price Index 3.2% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2006 $476,948.00 $81,475.00 $558,423.00 Revenue 2007 $469,888.00 $93,856.00 $563,744.00 Expense 2006 $438,854.00 $44,660.00 $483,514.00 Expense 2007 $453,282.00 $0.00 $453,282.00 revenue - expense 2006 $38,094.00 $36,815.00 $74,909.00 revenue - expense 2007 $16,606.00 $93,856.00 $110,462.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-21,488.00 $57,041.00 $35,553.00 percent difference -56.41% 254.94% 147.46% Total Assets 16 Total Issues 41 Issues/Asset 2.56 count % Description 1 6.25% Added Asset(s) 2 12.50% Deleted Asset(s) 5 31.25% Operating fund too high 3 18.75% Operating fund too low 1 6.25% Replacement fund too high 1 6.25% Replacement fund too low 5 31.25% Cost too high 4 25.00% Cost too low Park Paseo Homeowners Association UnAudited Forensic Report For 2006 to 2007 Revenue 505.000.01 Homeowners Association Fees $416,344.00 $93,856.00 $510,200.00 505.000.01 Homeowners Association Fees $406,025.00 $81,475.00 $487,500.00 Replacement fund too high difference is $12,381.00 530.000.01 Late Fees & Interest $4,597.00 $0.00 $4,597.00 530.000.01 Late Fees & Interest $5,815.00 $0.00 $5,815.00 Operating fund too low difference is $-1,218.00 Cost too low difference is $-1,218.00 540.000.08 Sale of Easement $16,700.00 $0.00 $16,700.00 Added Asset(s) Revenue 540.000.09 Other Charges to Owners $23,555.00 $0.00 $23,555.00 540.000.09 Other Charges to Owners $5,968.00 $0.00 $5,968.00 Operating fund too high difference is $17,587.00 Cost too high difference is $17,587.00 540.000.10 Other Income $16,967.00 $0.00 $16,967.00 Deleted Asset(s) Revenue Expense 680.001.02 Newsletters/Mailouts/Extras $3,602.00 $0.00 $3,602.00 680.001.02 Newsletters/Mailouts/Extras $2,988.00 $0.00 $2,988.00 Operating fund too high difference is $614.00 Cost too high difference is $614.00 720.000.08 Landscape Expense $147,702.00 $0.00 $147,702.00 720.000.08 Landscape Expense $140,982.00 $44,660.00 $185,642.00 Replacement fund too low difference is $-44,660.00 Cost too low difference is $-37,940.00 760.000.02 Legal Services $16,516.00 $0.00 $16,516.00 760.000.02 Legal Services $9,077.00 $0.00 $9,077.00 Operating fund too high difference is $7,439.00 Cost too high difference is $7,439.00 840.001.11 Common Areas $32,011.00 $0.00 $32,011.00 840.001.11 Common Areas $41,306.00 $0.00 $41,306.00 Operating fund too low difference is $-9,295.00 Cost too low difference is $-9,295.00 840.006.05 Pool Monitor $14,894.00 $0.00 $14,894.00 840.006.05 Pool Monitor $18,059.00 $0.00 $18,059.00 Operating fund too low difference is $-3,165.00 Cost too low difference is $-3,165.00 880.000.01 Federal Income Tax $14,571.00 $0.00 $14,571.00 880.000.01 Federal Income Tax $8,373.00 $0.00 $8,373.00 Operating fund too high difference is $6,198.00 Cost too high difference is $6,198.00 900.000.03 Loss on sale of investment $8,102.00 $0.00 $8,102.00 Deleted Asset(s) Expense 900.000.04 Miscellaneous $15,109.00 $0.00 $15,109.00 900.000.04 Miscellaneous $10,843.00 $0.00 $10,843.00 Operating fund too high difference is $4,266.00 Cost too high difference is $4,266.00 2006 - 2007 Analysis Summary Estimated inflation 3% Consumer Price Index 3.2% Error band +/- 5% Operating Replacement Fund Fund Total Revenue 2006 $476,948.00 $81,475.00 $558,423.00 Revenue 2007 $469,888.00 $93,856.00 $563,744.00 Expense 2006 $438,854.00 $44,660.00 $483,514.00 Expense 2007 $453,282.00 $0.00 $453,282.00 revenue - expense 2006 $38,094.00 $36,815.00 $74,909.00 revenue - expense 2007 $16,606.00 $93,856.00 $110,462.00 Comparing revenue - expense Operating Replacement Fund Fund Total Difference $-21,488.00 $57,041.00 $35,553.00 percent difference -56.41% 254.94% 147.46% Total Assets 16 Total Issues 41 Issues/Asset 2.56 count % Description 1 6.25% Added Asset(s) 2 12.50% Deleted Asset(s) 5 31.25% Operating fund too high 3 18.75% Operating fund too low 1 6.25% Replacement fund too high 1 6.25% Replacement fund too low 5 31.25% Cost too high 4 25.00% Cost too low Park Paseo Homeowners Association RDA Forensic Analysis For 2006 to 2007 Current Fully Funded Assigned Asset ID Category Asset Name rem life Cost Resereves Reserves 005.000.01 Concrete - Repai Concrete - Repairs 8 10 $56,550.00 $11,310.00 $11,310.00 005.000.01 Concrete - Repai Concrete - Repairs 7 10 $56,550.00 $16,965.00 $16,965.00 Cost not changed 010.000.01 Overlay/Rehab Overlay/Rehab 13 20 $5,414.00 $2,140.00 $0.00 010.000.01 Overlay/Rehab Overlay/Rehab 12 20 $5,649.00 $2,496.00 $0.00 Fully funded value too high should be $2,230.57 No assigned value 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 2 18 $918.00 $859.00 $859.00 020.000.04 Clubhouse, Built Clubhouse, Built Up, HVAC 1 18 $1,034.00 $1,000.00 $1,000.00 Cost value too high should be $945.54 Fully funded value too high should be $893.01 Assigned value too high should be $893.01 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $3,309.00 $3,309.00 $3,309.00 030.001.02 Interior Clubhou Interior Clubhouse 0 8 $3,538.00 $3,538.00 $3,538.00 Maintenance deferred 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $1,511.00 $1,511.00 $1,511.00 030.001.03 Interior Prosa R Interior Prosa Restrooms 0 8 $1,616.00 $1,616.00 $1,616.00 Maintenance deferred 030.001.06 Stucco Stucco 1 10 $2,000.00 $1,810.00 $1,810.00 030.001.06 Stucco Stucco 0 10 $2,000.00 $2,000.00 $2,000.00 Cost not changed 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $4,141.00 $4,141.00 $4,141.00 030.002.01 Wrought Iron Cl Wrought Iron Clubhouse 0 3 $4,784.00 $4,784.00 $4,784.00 Maintenance deferred Cost value too high should be $4,265.23 Fully funded value too high should be $4,265.23 Assigned value too high should be $4,265.23 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $1,839.00 $1,839.00 $1,839.00 030.002.03 Wrought Iron Pr Wrought Iron Prosa 0 3 $2,124.00 $2,124.00 $2,124.00 Maintenance deferred Cost value too high should be $1,894.17 Fully funded value too high should be $1,894.17 Assigned value too high should be $1,894.17 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $632.00 $632.00 $632.00 030.002.04 Wrought Iron, St Wrought Iron, Streets 0 3 $731.00 $731.00 $731.00 Maintenance deferred Cost value too high should be $650.96 Fully funded value too high should be $650.96 Assigned value too high should be $650.96 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 3 10 $60,111.00 $49,503.00 $49,503.00 040.000.08 Wrought Iron, Ma Wrought Iron, Main Pool 2 10 $61,684.00 $54,427.00 $54,427.00 Fully funded value too high should be $49,531.46 Assigned value too high should be $49,531.46 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 3 10 $17,420.00 $14,517.00 $14,517.00 040.000.09 Wrought Iron, Pr Wrought Iron, Prosa Pool 2 10 $28,911.00 $25,699.00 $25,699.00 Cost value too high should be $17,942.60 Fully funded value too high should be $14,354.08 Assigned value too high should be $14,354.08 040.000.10 Wrought Iron, St Wrought Iron, Streets 18 20 $2,864.00 $198.00 $0.00 040.000.10 Wrought Iron, St Wrought Iron, Streets 17 20 $2,964.00 $358.00 $0.00 Fully funded value too low should be $442.49 No assigned value 040.000.11 Wrought Iron, St Wrought Iron, Street 4 20 $663.00 $527.00 $527.00 040.000.11 Wrought Iron, St Wrought Iron, Street 3 20 $765.00 $648.00 $648.00 Cost value too high should be $682.89 Fully funded value too high should be $580.46 Assigned value too high should be $580.46 050.000.01 Exterior, Pool/C Exterior, Pool/Club 3 10 $10,756.00 $8,810.00 $8,810.00 050.000.01 Exterior, Pool/C Exterior, Pool/Club 2 10 $11,092.00 $9,754.00 $9,754.00 Fully funded value too high should be $8,862.94 Assigned value too high should be $8,862.94 050.000.03 Exterior, Parkin Exterior, Parking Lot 16 22 $1,102.00 $272.00 $0.00 050.000.03 Exterior, Parkin Exterior, Parking Lot 15 22 $1,140.00 $335.00 $0.00 Fully funded value too low should be $361.16 No assigned value 050.000.05 Exterior, Prosa Exterior, Prosa 3 10 $2,086.00 $1,709.00 $1,709.00 050.000.05 Exterior, Prosa Exterior, Prosa 2 10 $2,150.00 $1,891.00 $1,891.00 Fully funded value too high should be $1,718.86 Assigned value too high should be $1,718.86 050.001.01 Interior Clubhou Interior Clubhouse 6 25 $11,997.00 $9,940.00 $9,940.00 050.001.01 Interior Clubhou Interior Clubhouse 5 25 $12,390.00 $10,620.00 $10,620.00 Fully funded value too high should be $9,885.53 Assigned value too high should be $9,885.53 060.001.03 Carpet, 2005 Carpet, 2005 7 8 $4,311.00 $375.00 $375.00 060.001.03 Carpet, 2005 Carpet, 2005 6 8 $4,462.00 $970.00 $970.00 Fully funded value too low should be $1,110.08 Assigned value too low should be $1,110.08 060.001.08 Exterior Stairca Exterior Staircase 29 30 $14,704.00 $249.00 $0.00 New Assets 060.001.09 Floor Tile Kitch Floor Tile Kitchen/Rec 24 25 $14,133.00 $382.00 $0.00 060.001.09 Floor Tile Kitch Floor Tile Kitchen/Rec 23 25 $14,627.00 $988.00 $0.00 Fully funded value too low should be $1,164.56 No assigned value 060.001.10 Furnishings Furnishings 10 10 $30,000.00 $0.00 $0.00 060.001.10 Furnishings Furnishings 9 10 $30,000.00 $3,000.00 $0.00 Cost not changed 060.001.14 Window Blinds Window Blinds 9 10 $12,100.00 $834.00 $834.00 060.001.14 Window Blinds Window Blinds 8 10 $12,523.00 $2,159.00 $0.00 Fully funded value too low should be $2,492.60 No assigned value 060.001.16 Wallpaper Wallpaper 14 15 $10,594.00 $462.00 $0.00 060.001.16 Wallpaper Wallpaper 13 15 $10,935.00 $1,243.00 $0.00 Fully funded value too low should be $1,454.91 No assigned value 060.001.18 Carpeting Carpeting 0 8 $9,340.00 $9,340.00 $9,340.00 060.001.18 Carpeting Carpeting 3 8 $9,666.00 $8,550.00 $8,550.00 Maintenance deferred Remaining life increased Fully funded value too high should be $6,012.62 Assigned value too high should be $6,012.62 060.002.02 Doors, Exterior, Doors, Exterior, Entry 24 25 $10,000.00 $270.00 $0.00 060.002.02 Doors, Exterior, Doors, Exterior, Entry 23 25 $10,350.00 $699.00 $0.00 Fully funded value too low should be $824.00 No assigned value 060.002.03 Doors, Entry Doors, Entry 6 25 $8,000.00 $6,629.00 $6,629.00 060.002.03 Doors, Entry Doors, Entry 5 25 $8,216.00 $7,042.00 $7,042.00 Fully funded value too high should be $6,592.00 Assigned value too high should be $6,592.00 060.002.05 Doors, Exterior, Doors, Exterior, Restrooms 6 25 $1,836.00 $1,521.00 $1,521.00 060.002.05 Doors, Exterior, Doors, Exterior, Restrooms 5 25 $1,888.00 $1,618.00 $1,618.00 Fully funded value too high should be $1,512.86 Assigned value too high should be $1,512.86 060.003.01 Kitchen, Applian Kitchen, Appliances 11 12 $4,061.00 $232.00 $232.00 060.003.01 Kitchen, Applian Kitchen, Appliances 10 12 $4,203.00 $600.00 $0.00 Fully funded value too low should be $697.14 No assigned value 060.003.06 Kitchen, Cabinet Kitchen, Cabinets/Counters 24 25 $18,800.00 $508.00 $0.00 060.003.06 Kitchen, Cabinet Kitchen, Cabinets/Counters 23 25 $19,458.00 $1,315.00 $0.00 Fully funded value too low should be $1,549.12 No assigned value 060.003.08 Kitchen, Sink Kitchen, Sink 24 25 $600.00 $16.00 $0.00 060.003.08 Kitchen, Sink Kitchen, Sink 23 25 $621.00 $42.00 $0.00 Fully funded value too low should be $49.44 No assigned value 060.004.10 Office, Remodel Office, Remodel 0 20 $15,000.00 $15,000.00 $15,000.00 060.004.10 Office, Remodel Office, Remodel 20 20 $6,500.00 $0.00 $0.00 Maintenance completed 060.005.02 Restroom, Cerami Restroom, Ceramic Tile 9 25 $15,285.00 $9,783.00 $9,783.00 060.005.02 Restroom, Cerami Restroom, Ceramic Tile 8 25 $15,426.00 $10,490.00 $3,618.00 Assigned value too low should be $10,705.61 060.005.10 Restroom, Shower Restroom, Shower Door 9 16 $1,264.00 $553.00 $553.00 060.005.10 Restroom, Shower Restroom, Shower Door 8 16 $1,288.00 $644.00 $0.00 No assigned value 060.005.13 Restroom, Fixtur Restroom, Fixtures 9 25 $5,716.00 $3,658.00 $3,658.00 060.005.13 Restroom, Fixtur Restroom, Fixtures 8 25 $5,831.00 $3,965.00 $0.00 No assigned value 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 3 12 $4,154.00 $3,108.00 $3,108.00 065.002.05 Spa, Refiberglas Spa, Refiberglass/Replaster & Tile 2 12 $5,321.00 $4,428.00 $4,428.00 Cost value too high should be $4,278.62 Fully funded value too high should be $3,565.52 Assigned value too high should be $3,565.52 065.003.02 Wader, Heater Wader, Heater 2 12 $1,708.00 $1,492.00 $1,492.00 065.003.02 Wader, Heater Wader, Heater 11 12 $2,575.00 $112.00 $0.00 Maintenance completed 065.003.04 Wader, Refibergl Wader, Refiberglass/Replaster & Tile 5 14 $3,635.00 $2,329.00 $2,329.00 065.003.04 Wader, Refibergl Wader, Refiberglass/Replaster & Tile 4 14 $4,734.00 $3,373.00 $3,373.00 Cost value too high should be $3,744.05 Fully funded value too high should be $2,674.32 Assigned value too high should be $2,674.32 067.001.03 Barbecues Barbecues 10 14 $6,390.00 $1,714.00 $1,714.00 067.001.03 Barbecues Barbecues 9 14 $6,613.00 $2,258.00 $0.00 No assigned value 067.001.05 Ceramic Shower Ceramic Shower 6 25 $1,695.00 $1,405.00 $1,405.00 067.001.05 Ceramic Shower Ceramic Shower 5 25 $1,735.00 $1,487.00 $1,487.00 Fully funded value too high should be $1,396.68 Assigned value too high should be $1,396.68 069.001.05 Motor Motor 0 8 $627.00 $627.00 $627.00 069.001.05 Motor Motor 0 8 $648.00 $648.00 $648.00 Maintenance deferred 070.001.02 Barbecues Barbecues 2 10 $1,204.00 $1,095.00 $1,095.00 070.001.02 Barbecues Barbecues 1 10 $1,246.00 $1,189.00 $1,189.00 Fully funded value too high should be $1,116.11 Assigned value too high should be $1,116.11 070.001.07 Repairs Repairs 6 20 $2,473.00 $1,978.00 $1,978.00 070.001.07 Repairs Repairs 5 20 $2,544.00 $2,120.00 $2,120.00 Fully funded value too high should be $1,910.39 Assigned value too high should be $1,910.39 070.003.01 Deck, Caulking Deck, Caulking 0 4 $2,429.00 $2,429.00 $2,429.00 070.003.01 Deck, Caulking Deck, Caulking 0 4 $2,510.00 $2,510.00 $2,510.00 Maintenance deferred 070.004.01 Water Heater Water Heater 5 18 $2,769.00 $2,292.00 $2,292.00 070.004.01 Water Heater Water Heater 4 18 $2,802.00 $2,416.00 $2,416.00 Fully funded value too high should be $2,218.28 Assigned value too high should be $2,218.28 080.000.02 Chain Link Fenci Chain Link Fencing 8 25 $14,993.00 $11,751.00 $11,751.00 080.000.02 Chain Link Fenci Chain Link Fencing 7 25 $15,382.00 $12,472.00 $12,472.00 Fully funded value too high should be $11,118.81 Assigned value too high should be $11,118.81 080.000.05 Lighting Lighting 8 25 $10,688.00 $8,377.00 $8,377.00 080.000.05 Lighting Lighting 7 25 $10,912.00 $8,848.00 $8,848.00 Fully funded value too high should be $7,926.22 Assigned value too high should be $7,926.22 080.000.06 Resurfacing Resurfacing 6 8 $9,504.00 $1,901.00 $1,901.00 080.000.06 Resurfacing Resurfacing 7 6 $9,792.00 $2,938.00 $2,938.00 Maintenance completed Useful life decreased 085.002.01 Drinking Fountai Drinking Fountain, C/H 3 16 $2,308.00 $2,052.00 $2,052.00 085.002.01 Drinking Fountai Drinking Fountain, C/H 2 16 $2,424.00 $2,244.00 $2,244.00 Fully funded value too high should be $2,080.09 Assigned value too high should be $2,080.09 085.003.01 Play Equipment, Play Equipment, Alba 13 20 $17,210.00 $6,024.00 $0.00 085.003.01 Play Equipment, Play Equipment, Alba 12 20 $17,812.00 $7,125.00 $0.00 No assigned value 085.004.01 Play Equip, Main Play Equip, Main, Prosa 11 20 $39,138.00 $17,060.00 $15,131.00 085.004.01 Play Equip, Main Play Equip, Main, Prosa 10 20 $40,507.00 $19,734.00 $0.00 No assigned value 090.000.05 Trellis, Wood, R Trellis, Wood, Repairs 1 30 $15,000.00 $14,500.00 $14,500.00 090.000.05 Trellis, Wood, R Trellis, Wood, Repairs 0 30 $15,000.00 $15,000.00 $15,000.00 Cost not changed 095.002.03 Tree Trimming, J Tree Trimming, Jacaranda 3 4 $9,000.00 $1,465.00 $1,465.00 New Assets 095.002.05 Tree Trimming Tree Trimming 0 1 $4,000.00 $4,000.00 $4,000.00 095.002.05 Tree Trimming Tree Trimming 0 1 $4,000.00 $4,000.00 $4,000.00 Maintenance deferred Cost not changed 095.002.06 Tree Trimming, W Tree Trimming, Windrow 0 3 $27,000.00 $27,000.00 $27,000.00 095.002.06 Tree Trimming, W Tree Trimming, Windrow 2 3 $30,000.00 $6,774.00 $6,774.00 Maintenance completed 097.000.01 Backflow Devices Backflow Devices 3 24 $8,400.00 $7,613.00 $7,613.00 097.000.01 Backflow Devices Backflow Devices 2 24 $8,400.00 $7,875.00 $7,875.00 Cost not changed 097.000.02 Irrigation, Cont Irrigation, Controllers 3 12 $34,704.00 $28,197.00 $28,197.00 097.000.02 Irrigation, Cont Irrigation, Controllers 2 12 $36,423.00 $31,870.00 $31,870.00 Fully funded value too high should be $29,787.60 Assigned value too high should be $29,787.60 097.000.03 Irrigation, Cont Irrigation, Controller Enclosures 3 24 $13,923.00 $12,618.00 $12,618.00 097.000.03 Irrigation, Cont Irrigation, Controller Enclosures 2 24 $14,749.00 $13,827.00 $13,827.00 Fully funded value too high should be $13,145.63 Assigned value too high should be $13,145.63 105.000.01 Termite Control/ Termite Control/Fumigation 5 15 $4,000.00 $2,667.00 $2,667.00 105.000.01 Termite Control/ Termite Control/Fumigation 4 15 $4,000.00 $2,933.00 $2,933.00 Cost not changed 110.000.01 Golf Cart, Repla Golf Cart, Replacement 5 12 $5,000.00 $3,684.00 $3,684.00 110.000.01 Golf Cart, Repla Golf Cart, Replacement 4 12 $5,000.00 $3,947.00 $3,947.00 Cost not changed 2006 - 2007 RDA Forensic Analysis Summary Estimated inflation 3% Consumer Price Index 3.2% Error band +/- 5% Funded Assigned Total Cost value Value Last Year Costs $843,830.00 $522,240.00 $510,039.00 This Year Costs $898,797.00 $566,669.00 $512,475.00 Calculated Costs $883,279.04 $566,830.84 $566,830.84 Comparing This Year Costs to Last Year Costs Difference $54,967.00 $44,429.00 $2,436.00 percent difference 6.51% 8.51% 0.48% exceeds CC&R limits Comparing This Year Costs to Calculated Costs Difference $15,517.96 $-161.84 $-54,355.84 percent difference 1.73% -0.03% -10.61% 106 Total Assets 27 Total Issues $69,954.56 Unfunded Liability 0.25 Issues / Asset number % Description 2 1.89% New Assets 15 14.15% No assigned value 8 7.55% Cost value too high 25 23.58% Fully funded value too high 10 9.43% Fully funded value too low 24 22.64% Assigned value too high 2 1.89% Assigned value too low 1 0.94% Remaining life increased 1 0.94% Useful life decreased 9 8.49% Maintenance deferred 4 3.77% Maintenance completed 11 10.38% Total assets to be maintained 8 7.55% Cost not changed