ESTIMATED ANNUAL RESERVE CONTRIBUTION SUMMARY FOR 2005
COMMON		ESTIMATED	REMAINING	CURRENT	EST. FUTURE	ANNUAL REQUIRED	REQUIRED
ELEMENT	COMMON ELEMENT NAME	USEFUL	USEFUL	REPLACEMENT	REPLACEMENT	RESERVE	RESERVES AT
NUMBER		LIFE YRS.	LIFE YRS.	COST	COST	CONTRIBUTION	END OF 2005
1	Gate Access Phone, Loops, Replace	12	10	$5,000	$6,720	$559.97	$1,393.30
2	Entry Gate Operator Units, Replace	12	10	$11,500	$15,455	$1,287.92	$3,204.59
3	Entry Pavestone Drives, Repair	25	23	$19,837	$39,150	$1,566.00	$3,152.96
4	Street Lights, Repair/Replace	30	28	$7,500	$17,159	$571.98	$1,071.98
5	Road Signage	15	13	$600	$881	$58.74	$138.74
6	Wrought Iron Entry Gates, Replace	25	23	$13,000	$25,657	$1,026.26	$2,066.26
7	Wrought Iron Pedestrian, Replace	25	23	$1,400	$2,763	$110.52	$222.52
8	Asphalt Seal Coat, Skin Patch & Repair	5	3	$4,374	$4,780	$955.92	$2,705.52
9	Asphalt Overlay, 1" thick	25	23	$31,590	$62,346	$2,493.82	$5,021.02
10	Sign Posts, Large, Replace	30	28	$2,478	$5,669	$188.98	$354.18
11	Sign Posts, Small, Replace	20	18	$90	$153	$7.66	$16.66
12	Concrete Curb/Gutter, Repair/Replace	30	30	$25,059	$60,825	$2,027.49	$2,027.49
13	Concrete Sidewalks, Repair/ Replace	30	30	$7,506	$18,219	$607.30	$607.30
14	Concrete Block Wall, Repair	30	28	$5,241	$11,991	$399.70	$749.10
15	All Wrought Iron Gates & Fence, Paint	5	3	$9,306	$10,169	$2,033.78	$5,756.18
16	Landscaping Contingency	1	1	$1,000	$1,030	$1,030.00	$1,030.00
17	Stone Retaining Walls, Repair	30	28	$17,836	$40,807	$1,360.25	$2,549.32
18	Mail Boxes	15	13	$1,740	$2,555	$170.35	$402.35
19	Street Light, Sign Post, Mail Box, Paint	8	6	$2,800	$3,343	$417.92	$1,117.92
			TOTALS:	$167,857	$329,673	$16,874.58	$33,587.40
		REQUIRED MONTHLY UNIT CONTRIBUTION TO RESERVES:				$117.18
	2005 Anticipated Year End Amount	$29,756.31
	2005 Year-End Funding Goal	$33,587.40
	2005 Percent Funded	88.59%
	This summary was completed in accordance with Nevada Revised Statutes.  A 3% annual inflation rate was used to estimate the future replacement cost of
	each common element when they reach the end of their estimated useful life.  The future replacement cost of each element was divided by the element's useful
	life to determine the element's annual required reserve contribution.  This study was accomplished by Robert Saylor who has over 14 years of experience in
	HOA's both in preparing annual budgets and accomplishing reserve account requirements.