Comp #: 919 Strength Equipment (Startrak)
Quantity: (7) Assorted Pieces
Location: Fitness room Funded?: Yes. History: Unknown
Comments: Shoulder press, inner/outer thigh, miscellaneous piece, multifunction machine, leg extension, bicep/tricep, chest press. Strength equipment often has a longer useful life than cardio equipment, so it has been listed separately. However, many Associations still choose to replace all fitness equipment together on the same cycle. Equipment should be inspected periodically for safety and functional concerns. Cost estimates shown here are based on replacement with the same approximate types and quantities of existing assets.
Useful Life: 15 years
Remaining Life: 3 years
Best Case: $ 20,000
Worst Case: $ 30,000
Cost Source: Allowance Estimate
Comp #: 920 Free Weights/Racks/Benches
Quantity: Allowance
Location: Fitness room Funded?: Yes. History: Unknown Comments: Free weights, 6 benches, stretch table, squat rack, bench rack. Timing of replacement is ultimately up to the board. Continue to monitor and adjust as needed in future Reserve Study updates.
Useful Life: 15 years
Remaining Life: 3 years
Best Case: $ 8,000
Worst Case: $ 12,000
Cost Source: Allowance Estimate
Association Reserves, #6510-0
187
7/29/2022
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