VILLA CORTINA RESERVE FUND PROJECTED CASH FLOW
YEAR	2005	2006	2007	2008	2009	2010	2011	2012	2013
OUT YEAR		1	2	3	4	5	6	7	8
PROJ. RSV INCOME
START RSV BAL	$8,041.93	$11,972.77	$28,025.80	$44,367.90	$46,054.84	$62,690.51	$79,623.91	$93,516.96	$110,993.88
ANN RSV CONTRIB	$4,800.00	$16,874.58	$16,874.58	$16,874.58	$16,874.58	$16,874.58	$16,874.58	$16,874.58	$16,874.58
INTEREST INCOME	$160.84	$239.46	$560.52	$887.36	$921.10	$1,253.81	$1,592.48	$1,870.34	$2,219.88
RSV FUNDS AVAIL	$13,002.77	$29,086.80	$45,460.90	$62,129.84	$63,850.51	$80,818.91	$98,090.96	$112,261.88	$130,088.34
PROJ. EXPENSES
Gate Access Phone
Entry Gate Operator Units
Entry Pavestone Drives
Street Lights, Replace
Road Signage
Wrought Iron Entry Gates
Wrought Iron Pedestrian
Asphalt Seal Coat				$4,780.00					$5,223.00
Asphalt Overlay
Sign Posts, Large
Sign Posts, Small
Concrete Curb & Gutter
Concrete Sidewalks
Concrete Brick Wall
Wrought Iron, Paint				$10,169.00					$11,112.00
Landscape Contingency	$1,030.00	$1,061.00	$1,093.00	$1,126.00	$1,160.00	$1,195.00	$1,231.00	$1,268.00	$1,306.00
Stone Retaining Walls
Mail Boxes
Street Lights, etc Paint							$3,343.00
TOTAL EXPENSES	$1,030.00	$1,061.00	$1,093.00	$16,075.00	$1,160.00	$1,195.00	$4,574.00	$1,268.00	$17,641.00
ENDING RSV BAL	$11,972.77	$28,025.80	$44,367.90	$46,054.84	$62,690.51	$79,623.91	$93,516.96	$110,993.88	$112,447.34
	FOUR SPREAD SHEETS COVERING THE 30 YEAR PERIOD OF THE
	RESERVE STUDY WILL BE SUPPLIED IN YOUR FINAL STUDY