Reserve Fund Status
The starting point for our financial analysis is your Reserve Fund balance, projected to be $4,235,542 as-of the start of your Fiscal Year on 7/1/2022. This is based on your actual balance on 6/30/2022 of $4,235,542 and anticipated Reserve contributions and expenses projected through the end of your Fiscal Year. As of your Fiscal Year Start, your Fully Funded Balance is computed to be $7,408,116. This figure represents the deteriorated value of your common area components. Comparing your Reserve Balance to your Fully Funded Balance indicates your Reserves are 57.2 % Funded.
Recommended Funding Plan
Based on your current Percent Funded and your near-term and long-term Reserve needs, we are recommending budgeted contributions of $91,594 Monthly this Fiscal Year. The overall 30-yr plan, in perspective, is shown below. This same information is shown numerically in both the 30-yr Summary and the Cash Flow Detail tables.
Figure 2
Association Reserves, #6510-0
25
7/29/2022
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