3 Final 2022-23 ReserveStudy-07-29-2022 reduced-compressed

Comp #: 928 Sound System - Replace

Quantity: (1) System

Location: Interiors Funded?: Yes. History: Unknown

Comments: Audio equipment should be maintained and tested periodically to ensure good function. For most Associations, ongoing replacement of individual components is treated as an Operating expense, but replacement of many (or all) system components may eventually be warranted. Funding recommendation shown here is for replacement with new equipment. Cost will vary on the scope and quality of replacement.

Useful Life: 15 years

Remaining Life: 4 years

Best Case: $ 12,000

Worst Case: $ 18,000

Cost Source: ARI Cost Database

Comp #: 928 TVs - Replace Location: Throughout Interiors Funded?: Yes. History: Unknown

Quantity: Approx (12) Total

Comments: Assuming these will be replaced with high quality smart Tvs. They should be maintained and tested periodically to ensure good function. For most Associations, ongoing replacement of individual components is treated as an Operating expense, but replacement of many (or all) system components may eventually be warranted. Funding recommendation shown here is for replacement with new equipment, comparable in style and quality to the assets noted during our site inspection.

Useful Life: 6 years

Remaining Life: 2 years

Best Case: $ 24,000

Worst Case: $ 36,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

190

7/29/2022

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