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

Comp #: 1221 Pool/Spa Filters - Replace

Quantity: (6) Filters

Location: Pool equipment area Funded?: Yes. History: VariesÍž Most were manufactured 2011 or earlier. (1) from 2016

Comments: Replacement of individual filters does not meet the threshold for reserve funding. Planning for comprehensive replacement on roughly the schedule below. Pool vendor should inspect regularly for optimal performance and address any repairs or preventive maintenance as needed. Life can vary depending on location as well as level of use and preventive maintenance. Plan to replace at the approximate interval shown below.

Useful Life: 12 years

Remaining Life: 1 years

Best Case: $ 12,000

Worst Case: $ 18,000

Cost Source: Allowance Estimate

Comp #: 1223 Pool Heater - Replace (#1)

Quantity: (1) 400K BTU Heater

Location: Pool equipment area Funded?: Yes. History: Installed 2019

Comments: Pool vendor should inspect heater regularly to ensure proper function identify any required repairs etc. Internal components were not analyzed during our site inspection. Many Associations choose not to heat their pools year-round which can prolong the life of the heater while reducing energy costs. When replacement models are being evaluated we recommend considering high efficiency models which may have a higher initial cost but will ultimately be less expensive due to reduced energy usage.

Useful Life: 10 years

Remaining Life: 7 years

Best Case: $ 4,000

Worst Case: $ 7,000

Cost Source: Allowance Estimate

Association Reserves, #6510-0

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7/29/2022

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