Assessment and Reserve Funding Disclosure Summary For the Fiscal Year Ending June 30, 2022 (As illustrated by California Civil Code Section 5570(a)) (continued) 7) See below: 30-Year Reserve Funding Plan Table …Based on the method of calculation in paragraph (4) of subdivision (b) of Section 5550 of the Civil Code, the estimated amount required in the reserve fund at the end of each of the next five budget years is $ (see “100% Funded” column below) , and the projected reserve fund cash balance in each of those years, taking into account only assessments already approved and other known revenues, is $ (see “Cash Flow Balance with Funding Plan” column below) , leaving the reserve at (see “Percent Funded” column below) percent funding. If the reserve funding plan approved by the association is implemented, the projected reserve fund cash balance in each of those years will be $ (see “Cash Flow Balance with Funding Plan” column below) , leaving the reserve at (see “Percent Funded” column below) percent funding. Note: The financial representations set forth in this summary are based on the best estimates of the preparer at that time. The estimates are subject to change. At the time this summary was prepared, the assumed long-term before-tax interest rate earned on reserve funds was 1.00% per year, and the assumed long-term inflation rate to be applied to major component repair and replacement costs was 3.00% per year. 30-Year Reserve Funding Plan Table
Revenue Fiscal Year: July 01, 2021 - June 30, 2022
End of Year
Expenditures Components, Taxes, Deferred Exp
Contribution, Interest, Spec Assess
Percent Funded (EOY)
Cash Flow (Balance wi th Funding Plan)
Year
Contribution Uni t/Month
Contribution %Change
100% Funded
2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042 2043 2044 2045 2046 2047 2048 2049 2050 2051
$6,179,955 $6,315,245 $6,219,586 $6,730,948 $6,763,284 $6,927,206 $7,199,832 $7,418,262 $7,647,806 $7,974,344 $8,039,757 $7,633,512 $7,506,213 $8,250,787 $7,621,419 $7,935,868 $7,661,962 $6,101,665 $6,909,692 $7,474,947 $7,782,971 $8,061,272 $8,087,121 $8,851,970 $9,043,857 $9,458,228 $9,782,803 $9,998,304 $10,864,116 $11,417,788 $11,823,678
$4,077,000 65.97%
$4,157,332 65.83% $1,092,848 $3,996,565 64.26% $1,133,934 $4,487,529 66.67% $1,182,860 $4,471,080 66.11% $1,229,013 $4,601,017 66.42% $1,278,218 $4,859,770 67.50% $1,330,655 $5,064,956 68.28% $1,384,656 $5,282,743 69.08% $1,440,859 $5,653,219 70.89% $1,500,712 $5,703,170 70.94% $1,559,849 $5,100,827 66.82% $1,615,001 $4,882,919 65.05% $1,676,013 $5,802,099 70.32% $1,750,595 $4,816,568 63.20% $1,810,155 $5,243,071 66.07% $1,885,165 $4,806,838 62.74% $1,955,425 $2,185,409 35.82% $2,007,494 $3,174,689 45.95% $2,096,215 $3,965,969 53.06% $2,187,806 $4,416,148 56.74% $2,279,450 $4,835,790 59.99% $2,374,185 $4,959,416 61.32% $2,469,751 $5,968,276 67.42% $2,577,451 $6,441,231 71.22% $2,684,379 $7,069,667 74.75% $2,796,698 $7,665,090 78.35% $2,913,066 $8,203,708 82.05% $3,033,350 $9,598,494 88.35% $3,166,428 $10,824,288 94.80% $3,303,094 $11,891,276 100.57% $3,443,212
$72.57 $75.51 $78.57 $81.75 $85.06 $88.50 $92.09 $95.82 $99.70 $103.74 $107.94 $112.31 $116.86 $121.59 $126.52 $131.64 $136.97 $142.52 $148.29 $154.30 $160.55 $167.05 $173.81 $180.85 $188.18 $195.80 $203.73 $211.98 $220.56 $229.50
$1,012,516 $1,294,701 $691,896 $1,245,462 $1,148,280 $1,071,902 $1,179,469 $1,223,072 $1,130,236 $1,509,897 $2,217,344 $1,893,922 $831,414 $2,795,687 $1,458,661 $2,391,658 $4,628,923 $1,106,935 $1,396,526 $1,829,271 $1,954,542 $2,346,125 $1,568,591 $2,211,424 $2,168,263 $2,317,642 $2,494,731 $1,771,642 $2,077,300 $2,376,223
4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05% 4.05%
30-Year Sum:
$61,158,534
$53,344,258
SCT Reserve Consultants, Inc.
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