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

Comp #: 927 Piano - Replace

Quantity: (1) Upright

Location: Owners Lounge Funded?: No. No expectation to replace if regularly maintained History: Comments:

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

Comp #: 928 Owners Lounge AV System - Replace

Quantity: Allowance

Location: Owners Lounge Funded?: Yes. History: Unknown

Comments: Audio/visual 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, comparable in style and quality to the assets noted during our site inspection.

Useful Life: 10 years

Remaining Life: 0 years

Best Case: $ 8,000

Worst Case: $ 12,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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