Assessment and Reserve Funding Disclosure Summary For the Fiscal Year Ending June 30, 2021 (As illustrated by California Civil Code Section 5570(a)) (continued) 7) See below: 30-Year Reserve Funding Plan Table …Based on the method of calculation in paragraph (4) of subdivision (b) of Section 5550 of the Civil Code, the estimated amount required in the reserve fund at the end of each of the next five budget years is $ (see “100% Funded” column below) , and the projected reserve fund cash balance in each of those years, taking into account only assessments already approved and other known revenues, is $ (see “Cash Flow Balance with Funding Plan” column below) , leaving the reserve at (see “Percent Funded” column below) percent funding. If the reserve funding plan approved by the association is implemented, the projected reserve fund cash balance in each of those years will be $ (see “Cash Flow Balance with Funding Plan” column below) , leaving the reserve at (see “Percent Funded” column below) percent funding. Note: The financial representations set forth in this summary are based on the best estimates of the preparer at that time. The estimates are subject to change. At the time this summary was prepared, the assumed long-term before-tax interest rate earned on reserve funds was 1.00% per year, and the assumed long-term inflation rate to be applied to major component repair and replacement costs was 3.00% per year. 30-Year Reserve Funding Plan Table
Revenue Fiscal Year: July 01, 2020 - June 30, 2021
End of Year
Expenditures Components, Taxes, Deferred Exp
Contribution, Interest, Spec Assess
Cash Flow (Balance wi th Funding Plan)
Year
Contribution Uni t/Month
Contribution %Change
Percent Funded (EOY)
100% Funded
2020 $5,633,668 2021 $5,725,689 2022 $5,434,680 2023 $5,699,362 2024 $6,116,140 2025 $6,178,793 2026 $6,286,622 2027 $6,498,196 2028 $6,641,336 2029 $6,723,256 2030 $6,863,944 2031 $6,030,926 2032 $5,935,051 2033 $6,413,222 2034 $6,906,119 2035 $6,199,988 2036 $6,546,494 2037 $6,640,317 2038 $5,907,605 2039 $6,368,843 2040 $6,771,692 2041 $7,137,230 2042 $7,044,913 2043 $7,592,791 2044 $8,034,654 2045 $8,319,799 2046 $8,861,047 2047 $9,124,575 2048 $9,419,985 2049 $9,836,379 2050 $9,870,930
$4,001,500 $4,215,427 $4,024,499 $4,416,705 $4,988,030 $5,168,052 $5,396,940 $5,751,970 $6,016,859 $6,200,531 $6,476,972 $5,382,019 $5,297,298 $5,971,526 $6,687,958 $5,631,507 $6,126,477 $6,248,663 $4,871,893 $5,406,613 $6,014,927 $6,505,893 $6,391,192 $7,127,391 $7,538,791 $7,985,234 $8,737,876 $9,070,938 $9,333,139 $9,762,102 $9,917,527
71.03%
73.62% $1,094,042 74.05% $1,123,560 77.49% $1,159,398 81.56% $1,198,143 83.64% $1,234,215 85.85% $1,271,603 88.52% $1,311,258 90.60% $1,351,181 92.23% $1,391,397 94.36% $1,433,604 89.24% $1,463,945 89.25% $1,504,556 93.11% $1,554,069 96.84% $1,605,580 90.83% $1,641,523 93.58% $1,692,878 94.10% $1,742,723 82.47% $1,779,560 84.89% $1,835,481 88.82% $1,894,426 91.15% $1,953,855 90.72% $2,009,079 93.87% $2,073,830 93.83% $2,137,555 95.98% $2,203,245 98.61% $2,273,689 99.41% $2,342,134 99.08% $2,411,657 99.24% $2,484,728 100.47% $2,557,305
$72.62 $74.77 $76.99 $79.28 $81.64 $84.06 $86.56 $89.13 $91.77 $94.50 $97.31 $100.20 $103.17 $106.24 $109.39 $112.64 $115.99 $119.43 $122.98 $126.63 $130.39 $134.26 $138.25 $142.36 $146.59 $150.94 $155.42 $160.04 $164.79 $169.69
$880,115
2.97% $1,314,488
2.97% 2.97%
$767,192 $626,818
2.97% $1,054,193 2.97% $1,042,715 2.97% $1,086,291 2.97% $1,207,725 2.97% $1,157,163 2.97% $2,558,898 2.97% $956,228 2.97% $1,589,278 2.97% $2,697,974 2.97% $1,197,908 2.97% $1,620,537 2.97% $3,156,329 2.97% $1,300,761 2.97% $1,286,112 2.97% $1,462,890 2.97% $2,123,779 2.97% $1,337,631 2.97% $1,726,155 2.97% $1,756,802 2.97% $1,521,048 2.97% $2,009,072 2.97% $2,149,456 2.97% $2,055,764 2.97% $2,401,880 2.97% 2.97% $879,840 $889,149
30-Year Sum:
$51,730,217
$45,814,190
SCT Reserve Consultants, Inc.
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