Page 1

Capital Replacement Plan “Full�

Sample School Anywhere, USA

Report #: 9999-0 School For Period Beginning: January 1, 2013 Ending: December 31, 2013 Date Prepared: September 25, 2012


Hello, and welcome to your Capital Replacement Plan!

T

his Report is a valuable budget planning tool, for with it you control the future of your property. It contains all the fundamental information needed to understand your current and future Capital Asset obligations, the most significant expenditures your property will face.

W

ith respect to Capital Assets, this Report will tell you “where you are”, and “where to go from here”.

In this Report, you will find… 1)

A List of What you’re Reserving For

2)

An Evaluation of your Capital Replacement Fund Size and Strength

3)

A Recommended Multi-Year Capital Account Funding Plan More Questions?

Visit our website at www.ReserveStudy.com or call us at: 619/567-5239

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Table of Contents

Executive Summary.............................................................................................. i Capital Replacement Plan Summary ....................................................................................... i Capital Component List – Table 1 ........................................................................................... ii

Introduction, Objectives, and Methodology ...................................................... 1 Which Physical Assets are Covered by Capital Replacement Funds?....................................2 How are Useful Life and Remaining Useful Life established? .................................................2 How are Cost Estimates Established? ....................................................................................2 How much Capital Replacement Funds are enough? .............................................................3 How much should we contribute? ...........................................................................................4 What is our Funding Goal? .....................................................................................................4

Site Inspection ..................................................................................................... 5 Projected Expenses............................................................................................. 6 Expense Graph – Figure 1 ......................................................................................................6

Capital Account Fund Status & Recommended Funding Plan........................ 7 Funding Plan Graph – Figure 2 ...............................................................................................7 Cash Flow Graph – Figure 3 ...................................................................................................8 % Funded Graph – Figure 4 ....................................................................................................8

Table Descriptions............................................................................................... 9 Capital Component List Detail – Table 2 ...............................................................................10 Contribution & Fund Breakdown – Table 3 ...........................................................................11 30 Year Capital Replacement Fund Plan Summary – Table 4 ..............................................12 30 Year Capital Replacement Fund Plan Year by Year Detail – Table 5 ..............................13

Accuracy, Limitations, and Disclosures .......................................................... 19 Terms and Definitions ....................................................................................... 20 Photographic Inventory ....................................................................... Appendix

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3- Minute Executive Summary Property:

Sample School

Assoc. #: 9999-0 School

Location: Report Period:

Anywhere, USA January 1, 2013 through December 31, 2013

Results Projected Starting Capital Account Balance: ................................. $210,000 Fully Funded Capital Account Balance: ........................................ $445,171 Percent Funded: ................................................................................... 47.2% Recommended 2013 Annual Capital Account Contribution: ........... $55,000 Recommended Special Funding this year: .................................................$0 Most Recent Capital Account Contribution Rate: ............................. $35,000 Economic Assumptions: Net Annual “After Tax” Interest Earnings - Capital Funds ................. 2.50% Annual Inflation Rate ............................................................................. 3.00%  This is a “Full” Capital Replacement Plan (original, created “from scratch”).  The information in this Capital Replacement Plan is based on our site inspection on May 21, 2012.  Because your Capital Replacement Fund is between 30% & 70% Funded at 47.2% Funded, this represents a mid-range position. In perspective, properties within this range typically face a 1 in 10 risk of deferred maintenance/capital funding shortfalls. Your multi-year Funding Plan is designed to gradually bring you to the 100% level, or “Fully Funded”.  Based on this starting point, your anticipated future expenses, and your historical contribution rate, our recommendation is to increase your contribution level to the rate noted above.

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Table 1: Executive Summary

#

Component

Usef ul Life (yrs)

Rem.

Current

Future

Useful Life (yrs)

Average Cost

Average Cost

30 30 20 25 30 20 30

27 24 14 2 3 12 5

$29,450 $34,875 $40,163 $80,000 $21,105 $13,300 $39,100

$65,417 $70,894 $60,749 $84,872 $23,062 $18,963 $45,328

20 10 10 15 20 20 20 30 10 10 20 20 10 10 20 20 15

17 0 0 9 0 14 14 24 0 4 14 0 0 4 10 14 9

$9,500 $5,500 $24,500 $6,588 $14,400 $16,560 $35,000 $14,700 $11,575 $16,670 $70,000 $66,000 $16,718 $23,123 $28,350 $7,200 $7,500

$15,702 $7,392 $32,926 $8,595 $26,008 $25,048 $52,941 $29,882 $15,556 $18,762 $105,881 $119,203 $22,467 $26,025 $38,100 $10,891 $9,786

15 15 25 25 12 25

2 9 5 20 11 20

$13,500 $50,000 $20,000 $19,000 $10,000 $75,000

$14,322 $65,239 $23,185 $34,316 $13,842 $135,458

EXTERIORS 1122 1122 1128 1303 1315 1315 1315

Windows - Replace (Gym Building) Windows - Replace (Parish School) Brick Surfaces - Tuck Point Parish School Roof - Replace Lobby Roof - Replace Middle Gym Roof - Replace Upper/Lower Gym Roofs - Replace INTERIORS

325 601 601 606 607 607 610 700 903 903 909 909 1110 1110 1617 1617 1802

Gym Lights - Replace Carpeting - Replace (GB) Carpeting - Replace (PS) Rubber Flooring - Replace VCT - Replace (GB) VCT - Replace (PS) Ceiling Tiles - Replace (PS) Interior Doors - Replace (PS) Classroom Furnishings - Replace(GB) Classroom Furnishings - Replace(PS) Bathrooms - Refurbish (Newer) Bathrooms - Refurbish (Older) Interior Surfaces - Repaint (GB) Interior Surfaces - Repaint (PS) Hall Lockers - Replace (GB) Hall Lockers - Replace (PS 1st Flr) Elevator Cab - Remodel MECHANICAL

303 303 310 801 901 1801 30

Carrier HVAC Units - Replace (A) Carrier HVAC Units - Replace (B) Heating Boiler - Refurbish/Replace Boiler - Replace Kitchen Equipment - Replace Elevator - Modernize Total Funded Components

Note: a Useful Life of “N/A” means a one-time expense, not expected to repeat.

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Introduction A Capital Replacement Plan is the art and science of anticipating, and preparing for, a property’s major Capital repair and replacement expenses. Partially art, because in this field we are making projections about the future. Partially science, because our work is a process of research and analysis along well defined methodologies. In this Report you will find the Capital Capital Capital Replacement Plan CapitalReplacement ReplacementPlan Plan Component List (what you are reserving for). It contains our estimates for Useful Life, •• Component Component List List Remaining Useful Life, and the current repair •• Reserve Reserve Fund Fund Strength Strength or replacement cost for each major •• Recommended Recommended Contribs Contribs component the property owners are obligated to maintain. Based on that List and your starting balance we computed the property’s Capital Replacement Fund Strength (measured as “Percent Funded”), and created a recommended multi-year Capital Replacement Funding Plan to offset future Capital expenses. As the physical assets age and deteriorate, it is important to accumulate financial assets to keep the two “in balance”. A stable Capital Replacement Funding Plan that offsets the irregular Capital Replacement expenses will help balance out the cash-flow needs of the property owners maintenance obligations. Methodology First we establish what the projected expenses are, then we determine the property’s financial status and create a CR CR Plan Types CRPlan PlanTypes Types Funding Plan. For this “Full” Capital Replacement Plan, we started with a •• Full Full review of recent Capital expenditures, •• Update Update With-Site-Visit With-Site-Visit an evaluation of how expenditures are •• Update Update No-Site-Visit No-Site-Visit handled (ongoing maintenance vs Capital Replacements), and research into any well-established property precedents. We performed an on-site inspection to quantify and evaluate your common areas, creating your Capital Component List “from scratch”.

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Which Physical Assets are Covered by Capital Replacement Funds? There is a national-standard four-part test to determine which expenses should be funded Capital Capital Assets CapitalAssets Assets through Capital Replacement Funds. First, it must be a common area maintenance •• Common Common Area Area responsibility. Second, the component must •• Limited Limited Useful Useful Life Life have a limited life. Third, the limited life must •• Predictable Predictable Life Life Limit Limit be predictable (or it by definition is a •• Cost “surprise” which cannot be accurately Cost must must be be Significant Significant anticipated). Fourth, the component must be above a minimum threshold cost. This limits Capital Replacement Fund Components to major, predictable expenses. Within this framework, it is inappropriate to include “lifetime” components, unpredictable expenses (such as damage due to fire, flood, or earthquake), and expenses more appropriately handled from the Operational Budget or as an insured loss. How are Useful Life and Remaining Useful Life established? 1)

Visual Inspection (observed wear and age)

2)

Association Reserves database of experience

3)

Client Component History

4)

Vendor Evaluation and Recommendation

How are Cost Estimates Established? Financial projections are based on the average of our Best Case and Worst Case estimates, which are established in this order… 1)

Client Cost History

2)

Comparison to Association Reserves database of work done at similar properties

3)

Vendor Recommendations

4)

Reliable National Industry cost estimating guidebooks

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How much Capital Replacement Funds are enough? Your Capital Account cash Balance can measure Capital Replacement Funds, but the true measure is whether the funds are adequate. Adequacy is measured in a two-step process: 1) 2)

Calculate the property’s Fully Funded Balance (FFB). Compare to the Capital Replacement Fund Balance, and express as a percentage.

The FFB grows as assets age and the Capital Replacement needs of the property increase, but shrinks when projects are accomplished and the Capital Replacement needs of the property decrease. The Fully Funded Balance changes each year, and is a moving but predictable target.

Percent Percent Funded PercentFunded Funded Ideal Ideal

--100% 100% --70% 70% --30% 30% --0% 0%

Good Good Fair Fair Poor Poor

Special funding needs and deferred maintenance are common when the Percent Funded is below 30%. While the 100% point is Ideal, a Capital Replacement Fund in the 70% -130% range is considered “strong” because in this range cash flow problems are rare. Measuring your Capital Replacement Funds by Percent Funded tells how well prepared your property is for upcoming Capital Replacement expenses.

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How much should we contribute? There are four Funding Principles that we balance in developing your Capital Replacement Funding Plan. Our first objective is to design a plan that provides you with sufficient cash to perform your Capital Replacement projects on time. A stable contribution rate is desirable because it is a hallmark of a proactive plan.

Funding Funding Principles FundingPrinciples Principles Capital Replacement Fund contributions that are evenly distributed over the years, •• Sufficient Sufficient Cash Cash enable owners to make stable •• Stable Stable Contribution Contribution Rate Rate contributions to fund the property’s Capital Replacement expenses (this means we •• Evenly Evenly Distributed Distributed recommend special funding only when all •• Fiscally Fiscally Responsible Responsible other options have been exhausted). And finally, we develop a plan that is fiscally responsible and “safe” for Property Owners to enact at their property.

What is our Recommended Funding Goal? Maintaining the Capital Replacement Fund at a level equal to the physical deterioration that has occurred is called “Full Funding” the Capital Replacement Funds (100% Funded). As each asset ages and becomes “used up”, the Capital Replacement Fund grows proportionally. This is simple, responsible, and our recommendation. As stated previously, properties in the 100% range rarely experience special assessments or deferred maintenance. Allowing the Capital Replacement Funds to fall close to zero, but not below zero, is called Baseline Funding. In these properties, deterioration occurs without matching Capital Replacement Fund contributions. With a low Percent Funded, special assessments and deferred maintenance are common.

Funding Funding Goals FundingGoals Goals •• Full Full Funding Funding •• Threshold Threshold Funding Funding •• Baseline Baseline Funding Funding

Threshold Funding is the title of all other objectives randomly selected between Baseline Funding and Full Funding.

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Site Inspection Notes During our site visit on May 21, 2012, we started with a brief meeting with site contact, and then started the site inspection beginning with the attic mechanical areas. We visually inspected all areas of the building.

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Projected Expenses The figure below shows the array of the projected future expenses at your property. As expenses are based on the average of our Best Case and Worst Case projections, inflated appropriately for future years. Note the varied nature of expenses anticipated from year to year.

Annual Capital Expenses $450,000 $400,000 $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2013

2018

2023

2028 Years

2033

2038

2043

Figure 1

A summary of this information is shown in Table 4, while details of the projects that make up this information are shown in Table 5. Since this is a projection about future events that may or may not take place as anticipated, we feel more certain about “near-term� projects than those many years away. While this Capital Replacement Plan is a one-year document, it is based on 30 years worth of looking forward into the future.

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Capital Replacement Fund Status The starting point for our financial analysis is your Capital Replacement Fund balance, projected to be $210,000 as-of the start of your Fiscal Year on January 1, 2013. This is based on your actual balance on 6/30/2012 of $185,000 and anticipated Capital Replacement Fund contributions and expenses projected through the end of your Fiscal Year. As of January 1, 2013, your Fully Funded Balance is computed to be $445,171 (see Table 3). This figure represents the deteriorated value of your common area components. Comparing your Capital Replacement Fund Balance to your Fully Funded Balance indicates your Capital Replacement Funds are 47% Funded. As indicated earlier in the Executive Summary, this represents a fair status. Recommended Funding Plan Based on your current Percent Funded and your projected cash flow requirements, we are recommending Capital Replacement Fund contributions of $55,000/year this Fiscal Year. This represents the first year of the 30-year Funding Plan shown below. This same information is shown numerically in both Table 4 and Table 5.

Funding Plan

Recom m ended Current

$120,000 $100,000 s n o it $80,000 u ib rt n $60,000 o C l a u $40,000 n n A

$20,000 $0 2013

2018

2023

2028 Years

2033

2038

2043

Figure 2 Association Reserves

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The following chart shows your Capital Replacement Fund balance under our recommended Funding Plan and your current Funding Plan, and your always-changing Fully Funded Balance target. Target Fully Funded Balance

30-Yr Cash F low

Recom m ended Funding Plan Current Funding Plan

$1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 $0

2013

2018

2023

2028

2033

2038

2043

Years

Figure 3

In this figure it is easy to see how your Capital Replacement Fund gradually draws closer to the Fully Funded (100%) level. Recom m ended Funding Plan

Percent F unded

Current Funding Plan

120%

100%

80%

60%

40%

20%

0% 2013

2018

2023

2028

2033

2038

2043

Years

Figure 4

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Table Descriptions The tabular information in this Report is broken down into five tables. Table 1 summarizes your funded Capital Components, and is part of the Executive Report summary that appeared earlier in this Report. Table 2 provides the main component description, life, and cost factors for all components determined to be appropriate for Capital Replacement Fund designation. This table represents the core information from which all other tables are derived. Table 3 is presented primarily as an accounting summary. The results of the individual line item Fully Funded Balance computations are shown. These individual quantities are summed to arrive at the Fully Funded Balance for the property as of the start date of the Report. The figures in the Current Fund Balance column and the Capital Replacement Fund Contribution column show our distribution throughout the line items. If the property is underfunded, Capital Replacement Funds are distributed first to components with a short Remaining Useful Life. If the property’s Capital Replacement Fund Balance is above 100% Funded, funds are distributed evenly for all components. Contribution rates for each component are a proportionate distribution of the total contribution on the basis of the component’s significance to the property (current cost divided by useful life). This presentation is not meant to cause clients to redistribute Capital Replacement Funds, it simply presents one way to evenly distribute the total among all the different line items. Table 4: This table provides a one-page 30-year summary of the cash flowing into and out of the Capital Replacement Funds, compared to the Fully Funded Balance for each year. Table 5: This table shows the cash flow detail for the next 30 years. This table makes it possible to see what components are projected to require repair or replacement each year, and the size of those individual expenses.

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Table 2: Capital Component List Detail Rem. #

Component

Quantity

Current

Useful

Useful

Best

Worst

Life

Life

Cost

Cost

$32,300

EXTERIORS 1122

Windows - Replace (Gym Building)

Approx (31) Windows

30

27

$26,600

1122

Windows - Replace (Parish School)

Approx (45) Windows

30

24

$31,500

$38,250

1128

Brick Surfaces - Tuck Point

Approx 22,950 GSF

20

14

$34,425

$45,900

1303

Parish School Roof - Replace

Approx 8,000 GSF

25

2

$72,000

$88,000

1315

Lobby Roof - Replace

Approx 1,675 GSF

30

3

$20,100

$22,110

1315

Middle Gym Roof - Replace

Approx 1,400 GSF

20

12

$12,600

$14,000

1315

Upper/Lower Gym Roofs - Replace

Approx 3,400 GSF

30

5

$34,000

$44,200

$10,000

INTERIORS 325

Gym Lights - Replace

Approx (15) Fixtures

20

17

$9,000

601

Carpeting - Replace (GB)

Approx 110 GSY

10

0

$4,400

$6,600

601

Carpeting - Replace (PS)

Approx 490 GSY

10

0

$19,600

$29,400

606

Rubber Flooring - Replace

Apx 105 LF & 475 GSF

15

9

$5,375

$7,800

607

VCT - Replace (GB)

Approx 3,200 GSF

20

0

$12,800

$16,000

607

VCT - Replace (PS)

Approx 3,680 GSF

20

14

$14,720

$18,400

610

Ceiling Tiles - Replace (PS)

Approx 5,000 GSF

20

14

$30,000

$40,000

700

Interior Doors - Replace (PS)

Approx (42) Doors

30

24

$10,500

$18,900

903

Classroom Furnishings - Replace(GB)

Approx (119) Pieces

10

0

$9,260

$13,890

903

Classroom Furnishings - Replace(PS)

Approx (200) Pieces

10

4

$13,340

$20,000

909

Bathrooms - Refurbish (Newer)

(6) Bathrooms

20

14

$65,000

$75,000

909

Bathrooms - Refurbish (Older)

(4) Bathrooms

20

0

$60,000

$72,000

1110

Interior Surfaces - Repaint (GB)

Approx 25,725 GSF

10

0

$15,435

$18,000

1110

Interior Surfaces - Repaint (PS)

Approx 35,575 GSF

10

4

$21,345

$24,900

1617

Hall Lockers - Replace (GB)

Approx (126) Dbl-tier

20

10

$25,200

$31,500

1617

Hall Lockers - Replace (PS 1st Flr)

Approx (32) Double-tier

20

14

$6,400

$8,000

1802

Elevator Cab - Remodel

(1) Std Cab

15

9

$5,000

$10,000

(4) Apx 9-Tons Total

15

2

$11,250

$15,750

MECHANICAL 303

Carrier HVAC Units - Replace (A)

303

Carrier HVAC Units - Replace (B)

(9) Apx 20-Tons Total

15

9

$45,000

$55,000

310

Heating Boiler - Refurbish/Replace

(1) HB Smith 4M BTU

25

5

$15,000

$25,000

801

Boiler - Replace

(1) Raypak 961.7k BTU

25

20

$18,000

$20,000

901

Kitchen Equipment - Replace

(5) Assorted Pieces

12

11

$8,000

$12,000

Elevator - Modernize

(1) 5-Stop ThyssenKrupp

25

20

$70,000

$80,000

1801 30

Total Funded Components

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Table 3: Contribution and Fund Breakdown Rem. #

Component

Fully

Current

Useful

Useful

Current

Funded

Fund

Capital

Life

Life

(Avg) Cost

Balance

Balance

Contributions

EXTERIORS 1122

Windows - Replace (Gym Building)

30

27

$29,450

$2,945

$0.00

$1,248.68

1122

Windows - Replace (Parish School)

30

24

$34,875

$6,975

$0.00

$1,478.70

1128

Brick Surfaces - Tuck Point

20

14

$40,163

$12,049

$0.00

$2,554.34

1303

Parish School Roof - Replace

25

2

$80,000

$73,600

$59,607.50

$4,070.40

1315

Lobby Roof - Replace

30

3

$21,105

$18,995

$0.00

$894.85

1315

Middle Gym Roof - Replace

20

12

$13,300

$5,320

$0.00

$845.88

1315

Upper/Lower Gym Roofs - Replace

30

5

$39,100

$32,583

$0.00

$1,657.84

$604.20

INTERIORS 325

Gym Lights - Replace

20

17

$9,500

$1,425

$0.00

601

Carpeting - Replace (GB)

10

0

$5,500

$5,500

$5,500.00

$699.60

601

Carpeting - Replace (PS)

10

0

$24,500

$24,500

$24,500.00

$3,116.40

606

Rubber Flooring - Replace

15

9

$6,588

$2,635

$0.00

$558.62

607

VCT - Replace (GB)

20

0

$14,400

$14,400

$14,400.00

$915.84

607

VCT - Replace (PS)

20

14

$16,560

$4,968

$0.00

$1,053.22

610

Ceiling Tiles - Replace (PS)

20

14

$35,000

$10,500

$0.00

$2,226.00

700

Interior Doors - Replace (PS)

30

24

$14,700

$2,940

$0.00

$623.28

903

Classroom Furnishings - Replace(GB)

10

0

$11,575

$11,575

$11,575.00

$1,472.34

903

Classroom Furnishings - Replace(PS)

10

4

$16,670

$10,002

$0.00

$2,120.43

909

Bathrooms - Refurbish (Newer)

20

14

$70,000

$21,000

$0.00

$4,452.00

909

Bathrooms - Refurbish (Older)

20

0

$66,000

$66,000

$66,000.00

$4,197.60

1110

Interior Surfaces - Repaint (GB)

10

0

$16,718

$16,718

$16,717.50

$2,126.47

1110

Interior Surfaces - Repaint (PS)

10

4

$23,123

$13,874

$0.00

$2,941.18

1617

Hall Lockers - Replace (GB)

20

10

$28,350

$14,175

$0.00

$1,803.06

1617

Hall Lockers - Replace (PS 1st Flr)

20

14

$7,200

$2,160

$0.00

$457.92

1802

Elevator Cab - Remodel

15

9

$7,500

$3,000

$0.00

$636.00

15

2

$13,500

$11,700

$11,700.00

$1,144.80

MECHANICAL 303

Carrier HVAC Units - Replace (A)

303

Carrier HVAC Units - Replace (B)

15

9

$50,000

$20,000

$0.00

$4,240.00

310

Heating Boiler - Refurbish/Replace

25

5

$20,000

$16,000

$0.00

$1,017.60

801

Boiler - Replace

25

20

$19,000

$3,800

$0.00

$966.72

901

Kitchen Equipment - Replace

12

11

$10,000

$833

$0.00

$1,060.00

Elevator - Modernize

25

20

$75,000

$15,000

$0.00

$3,816.00

$445,171

$210,000

$55,000

1801 30

Total Funded Components

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Table 4: 30-Year Capital Replacement Plan Summary

Fiscal Year Beginning:

01/01/13

Interest:

2.5%

Inflation:

3.0%

Interest Income

Projected Capital Expenses

Ending Capital Balance

$4,252 $4,018 $4,319 $4,381 $5,176 $5,463 $6,372 $8,218 $10,163 $11,151 $10,745 $11,267 $13,091 $15,195 $13,661 $12,150 $14,645 $16,768 $18,988 $21,791 $19,397 $16,990 $19,884 $22,651 $21,595 $20,812 $24,006 $24,260 $24,575 $28,028

$138,693 $0 $99,194 $23,062 $44,787 $68,513 $0 $0 $0 $83,620 $116,440 $13,842 $18,963 $0 $315,700 $0 $0 $38,015 $0 $0 $420,269 $0 $0 $19,736 $311,942 $0 $0 $243,120 $0 $0

$130,560 $191,228 $154,703 $196,121 $218,413 $219,123 $291,168 $367,030 $446,864 $446,158 $414,378 $487,935 $560,480 $656,445 $437,597 $535,435 $637,483 $705,385 $815,306 $929,848 $623,583 $737,071 $855,384 $958,697 $770,754 $896,019 $1,026,568 $916,382 $1,051,804 $1,192,896

Year

Starting Capital Balance

Fully Funded Balance

Percent Funded

Rating

Contribs, Loans, and Spec. Funding

2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042

$210,000 $130,560 $191,228 $154,703 $196,121 $218,413 $219,123 $291,168 $367,030 $446,864 $446,158 $414,378 $487,935 $560,480 $656,445 $437,597 $535,435 $637,483 $705,385 $815,306 $929,848 $623,583 $737,071 $855,384 $958,697 $770,754 $896,019 $1,026,568 $916,382 $1,051,804

$445,171 $360,209 $416,887 $374,472 $410,619 $426,932 $420,802 $486,604 $555,976 $629,072 $619,926 $578,443 $643,187 $706,449 $793,045 $559,030 $645,187 $736,010 $792,546 $892,142 $997,001 $674,471 $777,556 $886,218 $980,373 $779,016 $895,635 $1,018,551 $897,621 $1,026,445

47.2% 36.2% 45.9% 41.3% 47.8% 51.2% 52.1% 59.8% 66.0% 71.0% 72.0% 71.6% 75.9% 79.3% 82.8% 78.3% 83.0% 86.6% 89.0% 91.4% 93.3% 92.5% 94.8% 96.5% 97.8% 98.9% 100.0% 100.8% 102.1% 102.5%

Fair Fair Fair Fair Fair Fair Fair Fair Fair Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong Strong

$55,000 $56,650 $58,350 $60,100 $61,903 $63,760 $65,673 $67,643 $69,672 $71,763 $73,915 $76,133 $78,417 $80,769 $83,192 $85,688 $87,402 $89,150 $90,933 $92,752 $94,607 $96,499 $98,429 $100,397 $102,405 $104,453 $106,543 $108,673 $110,847 $113,064

Association Reserves

12

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 0 through 4) Fiscal Year Starting Capital Account Balance Annual Capital Contribution Planned Special Funding Interest Earnings Subtotal #

2013

2014

2015

2016

2017

$210,000

$130,560

$191,228

$154,703

$196,121

$55,000

$56,650

$58,350

$60,100

$61,903

$0

$0

$0

$0

$0

$4,252

$4,018

$4,319

$4,381

$5,176

$269,252

$191,228

$253,897

$219,183

$263,200

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$0

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$0

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$0

1303

Parish School Roof - Replace

$0

$0

$84,872

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$23,062

$0

1315

Middle Gym Roof - Replace

$0

$0

$0

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$0

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$0

$0

$0

601

Carpeting - Replace (GB)

$5,500

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$24,500

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$0

607

VCT - Replace (GB)

$14,400

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$0

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$0

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(GB)

$11,575

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$18,762

909

Bathrooms - Refurbish (Newer)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Older)

$66,000

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$16,718

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$26,025

1617

Hall Lockers - Replace (GB)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$0

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$0

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$14,322

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$0

310

Heating Boiler - Refurbish/Replace

$0

$0

$0

$0

$0

801

Boiler - Replace

$0

$0

$0

$0

$0

901

Kitchen Equipment - Replace

$0

$0

$0

$0

$0

Elevator - Modernize

$0

$0

$0

$0

$0

Subtotal

$138,693

$0

$99,194

$23,062

$44,787

Ending Capital Account Balance:

$130,560

$191,228

$154,703

$196,121

$218,413

1801

Association Reserves

13

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 5 through 9) Fiscal Year Starting Capital Account Balance Annual Capital Contribution Planned Special Funding Interest Earnings Subtotal #

2018

2019

2020

2021

2022

$218,413

$219,123

$291,168

$367,030

$446,864

$63,760

$65,673

$67,643

$69,672

$71,763

$0

$0

$0

$0

$0

$5,463

$6,372

$8,218

$10,163

$11,151

$287,637

$291,168

$367,030

$446,864

$529,778

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$0

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$0

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$0

1303

Parish School Roof - Replace

$0

$0

$0

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$0

$0

1315

Middle Gym Roof - Replace

$0

$0

$0

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$45,328

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$0

$0

$0

601

Carpeting - Replace (GB)

$0

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$0

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$8,595

607

VCT - Replace (GB)

$0

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$0

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$0

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(GB)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Newer)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Older)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (GB)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$0

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$9,786

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$0

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$65,239

310

Heating Boiler - Refurbish/Replace

$23,185

$0

$0

$0

$0

801

Boiler - Replace

$0

$0

$0

$0

$0

901

Kitchen Equipment - Replace

$0

$0

$0

$0

$0

Elevator - Modernize

$0

$0

$0

$0

$0

$68,513

$0

$0

$0

$83,620

$219,123

$291,168

$367,030

$446,864

$446,158

1801

Subtotal Ending Capital Account Balance:

Association Reserves

14

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 10 through 14) Fiscal Year Starting Capital Account Balance Annual Capital Contribution Planned Special Funding Interest Earnings Subtotal #

2023

2024

2025

2026

2027

$446,158

$414,378

$487,935

$560,480

$656,445

$73,915

$76,133

$78,417

$80,769

$83,192

$0

$0

$0

$0

$0

$10,745

$11,267

$13,091

$15,195

$13,661

$530,818

$501,777

$579,443

$656,445

$753,298

$0

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$0

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$60,749

1303

Parish School Roof - Replace

$0

$0

$0

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$0

$0

1315

Middle Gym Roof - Replace

$0

$0

$18,963

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$0

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$0

$0

$0

601

Carpeting - Replace (GB)

$7,392

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$32,926

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$0

607

VCT - Replace (GB)

$0

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$25,048

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$52,941

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(GB)

$15,556

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$25,215

909

Bathrooms - Refurbish (Newer)

$0

$0

$0

$0

$105,881

909

Bathrooms - Refurbish (Older)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$22,467

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$34,975

1617

Hall Lockers - Replace (GB)

$38,100

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$10,891

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$0

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$0

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$0

310

Heating Boiler - Refurbish/Replace

$0

$0

$0

$0

$0

801

Boiler - Replace

$0

$0

$0

$0

$0

901

Kitchen Equipment - Replace

$0

$13,842

$0

$0

$0

Elevator - Modernize

$0

$0

$0

$0

$0

Subtotal

$116,440

$13,842

$18,963

$0

$315,700

Ending Capital Account Balance:

$414,378

$487,935

$560,480

$656,445

$437,597

1801

Association Reserves

15

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 15 through 19) Fiscal Year Starting Capital Account Balance Annual Capital Contribution Planned Special Funding Interest Earnings Subtotal #

2028

2029

2030

2031

2032

$437,597

$535,435

$637,483

$705,385

$815,306

$85,688

$87,402

$89,150

$90,933

$92,752

$0

$0

$0

$0

$0

$12,150

$14,645

$16,768

$18,988

$21,791

$535,435

$637,483

$743,400

$815,306

$929,848

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$0

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$0

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$0

1303

Parish School Roof - Replace

$0

$0

$0

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$0

$0

1315

Middle Gym Roof - Replace

$0

$0

$0

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$0

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$15,702

$0

$0

601

Carpeting - Replace (GB)

$0

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$0

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$0

607

VCT - Replace (GB)

$0

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$0

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$0

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(GB)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Newer)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Older)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (GB)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$0

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$0

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$22,313

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$0

310

Heating Boiler - Refurbish/Replace

$0

$0

$0

$0

$0

801

Boiler - Replace

$0

$0

$0

$0

$0

901

Kitchen Equipment - Replace

$0

$0

$0

$0

$0

Elevator - Modernize

$0

$0

$0

$0

$0

Subtotal

$0

$0

$38,015

$0

$0

$535,435

$637,483

$705,385

$815,306

$929,848

1801

Ending Capital Account Balance:

Association Reserves

16

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 20 through 24) Fiscal Year Starting Capital Account Balance Annual Capital Contribution Planned Special Funding Interest Earnings Subtotal #

2033

2034

2035

2036

2037

$929,848

$623,583

$737,071

$855,384

$958,697

$94,607

$96,499

$98,429

$100,397

$102,405

$0

$0

$0

$0

$0

$19,397

$16,990

$19,884

$22,651

$21,595

$1,043,851

$737,071

$855,384

$978,433

$1,082,697

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$0

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$70,894

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$0

1303

Parish School Roof - Replace

$0

$0

$0

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$0

$0

1315

Middle Gym Roof - Replace

$0

$0

$0

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$0

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$0

$0

$0

601

Carpeting - Replace (GB)

$9,934

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$44,250

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$13,391

607

VCT - Replace (GB)

$26,008

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$0

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$0

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$29,882

903

Classroom Furnishings - Replace(GB)

$20,906

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$33,887

909

Bathrooms - Refurbish (Newer)

909

Bathrooms - Refurbish (Older)

$0

$0

$0

$0

$0

$119,203

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$30,194

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$47,003

1617

Hall Lockers - Replace (GB)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$0

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$15,246

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$0

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$101,640

$0

$0

$0

$0

$0

$34,316

$0

$0

$0

$0

$0

$0

$0

$19,736

$0

Elevator - Modernize

$135,458

$0

$0

$0

$0

Subtotal

$420,269

$0

$0

$19,736

$311,942

Ending Capital Account Balance:

$623,583

$737,071

$855,384

$958,697

$770,754

310

Heating Boiler - Refurbish/Replace

801

Boiler - Replace

901

Kitchen Equipment - Replace

1801

Association Reserves

17

9/25/2012


9999-0 School

Table 5: 30-Year Income/Expense Detail (yrs 25 through 29) Fiscal Year

2038

2039

2040

2041

2042

Starting Capital Account Balance

$770,754

$896,019

$1,026,568

$916,382

$1,051,804

Annual Capital Contribution

$104,453

$106,543

$108,673

$110,847

$113,064

$0

$0

$0

$0

$0

$20,812

$24,006

$24,260

$24,575

$28,028

$896,019

$1,026,568

$1,159,502

$1,051,804

$1,192,896

Planned Special Funding Interest Earnings Subtotal #

Component EXTERIORS

1122

Windows - Replace (Gym Building)

$0

$0

$65,417

$0

$0

1122

Windows - Replace (Parish School)

$0

$0

$0

$0

$0

1128

Brick Surfaces - Tuck Point

$0

$0

$0

$0

$0

1303

Parish School Roof - Replace

$0

$0

$177,703

$0

$0

1315

Lobby Roof - Replace

$0

$0

$0

$0

$0

1315

Middle Gym Roof - Replace

$0

$0

$0

$0

$0

1315

Upper/Lower Gym Roofs - Replace

$0

$0

$0

$0

$0

INTERIORS 325

Gym Lights - Replace

$0

$0

$0

$0

$0

601

Carpeting - Replace (GB)

$0

$0

$0

$0

$0

601

Carpeting - Replace (PS)

$0

$0

$0

$0

$0

606

Rubber Flooring - Replace

$0

$0

$0

$0

$0

607

VCT - Replace (GB)

$0

$0

$0

$0

$0

607

VCT - Replace (PS)

$0

$0

$0

$0

$0

610

Ceiling Tiles - Replace (PS)

$0

$0

$0

$0

$0

700

Interior Doors - Replace (PS)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(GB)

$0

$0

$0

$0

$0

903

Classroom Furnishings - Replace(PS)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Newer)

$0

$0

$0

$0

$0

909

Bathrooms - Refurbish (Older)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (GB)

$0

$0

$0

$0

$0

1110

Interior Surfaces - Repaint (PS)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (GB)

$0

$0

$0

$0

$0

1617

Hall Lockers - Replace (PS 1st Flr)

$0

$0

$0

$0

$0

1802

Elevator Cab - Remodel

$0

$0

$0

$0

$0

MECHANICAL 303

Carrier HVAC Units - Replace (A)

$0

$0

$0

$0

$0

303

Carrier HVAC Units - Replace (B)

$0

$0

$0

$0

$0

310

Heating Boiler - Refurbish/Replace

$0

$0

$0

$0

$0

801

Boiler - Replace

$0

$0

$0

$0

$0

901

Kitchen Equipment - Replace

$0

$0

$0

$0

$0

Elevator - Modernize

$0

$0

$0

$0

$0

Subtotal

$0

$0

$243,120

$0

$0

$896,019

$1,026,568

$916,382

$1,051,804

$1,192,896

1801

Ending Capital Account Balance:

Association Reserves

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Assoc. 9999-0 School

Accuracy, Limitations, and Disclosures Because we have no control over future events, we cannot claim that all the events we anticipate will occur as planned. We expect that inflationary trends will continue, and we expect that financial institutions will provide interest earnings on funds on-deposit. We believe that reasonable estimates for these figures are much more accurate than ignoring these economic realities. The things we can control are measurements, which we attempt to establish within 5% accuracy. Your starting Capital Replacement Fund Balance and current Capital Replacement Fund interest earnings are also numbers that can be identified with a high degree of certainty. These figures have been provided to us, and were not confirmed by our independent research. Our projections assume a stable economic environment and lack of natural disasters. Because both the physical status and financial status of the property change each year, this Capital Replacement Plan is by nature a “one-year” document. This information can and should be adjusted annually as part of the Capital Replacement Plan Update process so that more accurate estimates can be reflected in the Capital Replacement plan. Reality often differs from even the best assumptions due to changing economic factors, physical factors, or ownership expectations. Because many years of financial preparation help the preparation for large expenses, this Report shows expenses for the next 30 years. We fully expect a number of adjustments will be necessary through the interim years to both the cost and timing of distant expense projections. It is our recommendation and that of the American Institute of Certified Public Accountants (AICPA) that your Capital Replacement Plan be updated annually. Association Reserves , and its employees have no ownership, management, or other business relationships with the client other than this Capital Replacement Plan engagement. Matthew Swain, R.S., company president, is a credentialed Reserve Specialist (#134). All work done by Association Reserves San Diego, LLC is performed under his Responsible Charge. There are no material issues to our knowledge that have not been disclosed to the client that would cause a distortion of the property’s situation. We have relied upon the client to provide the current (or projected) Capital Replacement Fund Balance, the estimated net-after-tax current rate of interest earnings, and to indicate if those earnings accrue to the Capital Replacement Fund. In addition, we have considered the property’s representation of current and historical Capital Replacement projects reliable, and we have considered the representations made by its vendors and suppliers to also be accurate and reliable. Component quantities indicated in this Report were developed by Association Reserves unless otherwise noted in our “Site Inspection Notes” comments. No destructive or intrusive testing was performed, nor should the site inspection be assumed to be anything other than for budget purposes.

Association Reserves

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Assoc. 9999-0 School

Terms and Definitions BTU DIA GSF GSY HP LF

British Thermal Unit (a standard unit of energy) Diameter Gross Square Feet (area) Gross Square Yards (area) Horsepower Linear Feet (length)

Effective Age: The difference between Useful Life and Remaining Useful Life. Note that this is not necessarily equivalent to the chronological age of the component. Fully Funded Balance (FFB): The Capital Replacement Fund Balance that is in direct proportion to the fraction of life “used up� of the current Repair or Replacement cost. This benchmark balance represents the value of the deterioration of the Capital Replacement Fund Components. This number is calculated for each component, then summed together for an property total. FFB = (Current Cost X Effective Age) / Useful Life Inflation:

Cost factors are adjusted for inflation at the rate defined in the Executive Summary and compounded annually. These increasing costs can be seen as you follow the recurring cycles of a component on Table 5.

Interest:

Interest earnings on Capital Replacement Funds are calculated using the average balance for the year (taking into account income and expenses through the year) and compounded monthly using the rate defined in the Executive Summary. Annual interest earning assumption appears in the Executive Summary, page ii.

Percent Funded: The ratio, at a particular point in time (typically the beginning of the Fiscal Year), of the actual (or projected) Capital Replacement Fund Balance to the Fully Funded Balance, expressed as a percentage. Remaining Useful Life: The estimated time, in years, that a common area component can be expected to continue to serve its intended function. Useful Life:

The estimated time, in years, that a common area component can be expected to serve its intended function.

Association Reserves

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Assoc. 9999-0 School

Photographic Inventory Appendix

Association Reserves

21

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 103 Concrete - Repair/Replace Quantity: Extensive square feet Location: Sidewalks, patios, walkways, etc‌ Evaluation: Generally concrete surfaces were intact and in fair condition. Repair any trip and fall hazards immediately to ensure safety. As routine maintenance, inspect regularly, pressure wash for appearance and repair promptly as needed to prevent water penetrating into the base and causing further damage. Repairs should be completed on an as-needed basis through the operating/general maintenance budget

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 1 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 111 Stairs - Repair/Replace Quantity: (1) Assembly Location: Access to upper floor locations Evaluation: This set of stairs was noted to be intact and in fair condition with no significant damage or deterioration observed during our inspection. Repairs are reportedly completed as-needed through the operating/general maintenance budget. As routine maintenance, we recommend regular professional inspections to ensure stability and weather-proofing; perform any needed repairs promptly as general maintenance expense. Ensure that tread connections are tight, secure and slip resistant. Paint exterior surfaces regularly to inhibit rust/corrosion. Painting funded for under component 1113 Stair Exteriors - Repaint. With ordinary care and maintenance there is no predictable expectation for total replacement.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 2 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 324 Exterior Lights - Replace Quantity: Minimal assorted Location: Exterior common area locations Evaluation: Fixtures were noted to be in various conditions. Observed during daylight hours and assumed to be in functional operating condition. As routine maintenance, inspect, repair/change bulbs as needed. No anticipation for large scale replacement due to minimal quantity.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 503 Metal Fence/Rail - Replace Quantity: Approx 45 LF Location: Ground-level HVAC Perimeter Fencing Evaluation: Metal fencing was noted to be intact, securely mounted, and in good condition at the time of the inspection. No official install date given for this fence, however conditions warrant no long-term Capital Reserve funding as complete replacement is not anticipated with proper maintenance. Handle any repairs as-necessary through the general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 3 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1107 Metal Fence/Rail - Repaint Quantity: Approx 45 LF Location: Ground-level HVAC Perimeter Fencing Evaluation: Metal fencing was noted to be intact, securely mounted, and in good condition at the time of the inspection. Paint regularly to inhibit rust and ensure good, consistent appearances throughout. Painting showed no chips or cracks. No rust was showing through at the time of the inspection. Cost is minimal and should be handled through the general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 4 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1113 Stair Exteriors - Repaint Quantity: Approx 1,100 GSF Location: Access to upper floor locations Evaluation: This set of stairs was noted to be intact and in fair condition with no significant damage or deterioration observed during our inspection. Repairs are reportedly completed as-needed through the operating/general maintenance budget. Perform any needed repairs promptly as general maintenance expense. Ensure that tread connections are tight, secure and slip resistant. Paint components regularly to inhibit rust/corrosion. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 5 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1116 Wood Soffits - Repaint Quantity: Approx 850 GSF Location: Parish School Building - Perimeter of Roof Evaluation: Wood soffits show significant concerns at this time. No access to closely inspect due to height, but wood painting was noted to be older, peeling and even absent from local areas throughout the sections that were visible from our ground-level vantage-point. Plan to have these inspected, repaired, and repainted in the near future. Regular painting will help limit future costly repairs and will enhance appearances. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 6 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1121 Wood Soffits - Repair/Replace Quantity: Approx 850 GSF Location: Parish School Building - Perimeter of Roof Evaluation: Wood soffits show significant concerns at this time. No access to closely inspect due to height, but wood was noted to show damaged throughout the areas visible from our ground-level vantage-point. Plan to have these inspected, repaired, and repainted in the near future. Regular painting will help limit future costly repairs and will enhance appearances.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 7 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1122 Windows - Replace (Gym Building) Quantity: Approx (31) Windows Location: Building exteriors Evaluation: Good conditions were noted during our limited scope visual inspection for these windows. These windows were reportedly replaced recently. As routine maintenance, we recommend regular professional inspections and prompt repair as needed to ensure building waterproofing and help prevent structural damage. If properly installed without defect, plan to replace windows and glass doors at roughly the time frame indicated below. Note: there are many types of glazing and windows available in today's market; a general funding allowance is factored below.

Useful Life: 30 years Remaining Life: 27 years

Best Case: $26,600.00

Worst Case: $32,300.00

$700/Window; Lower estimate to replace

$850/Window; Higher estimate to replace

Cost Source: Client Cost History plus inflation

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1122 Windows - Replace (New Cube) Quantity: Approx (13) Windows Location: Building exteriors Evaluation: Good conditions were noted during our limited scope visual inspection for these windows. These windows were reportedly replaced recently. As routine maintenance, we recommend regular professional inspections and prompt repair as needed to ensure building waterproofing and help prevent structural damage. If properly installed without defect, these windows should have a very extended useful life. No plans to replace within the 30 year projected here.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1122 Windows - Replace (Old Cube) Quantity: Approx (7) Windows Location: Building exteriors Evaluation: School staff reports these windows are currently a concern as far leaks. These windows have not been replaced in many years according to staff. As routine maintenance, we recommend regular professional inspections and prompt replacement as needed to ensure building waterproofing and help prevent structural damage. If properly installed without defect, these windows should have a very extended useful life. No plans to replace all at once.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1122 Windows - Replace (Parish School) Quantity: Approx (45) Windows Location: Building exteriors Evaluation: Good conditions were noted during our limited scope visual inspection for these windows. These windows were reportedly replaced recently. As routine maintenance, we recommend regular professional inspections and prompt repair as needed to ensure building waterproofing and help prevent structural damage. If properly installed without defect, plan to replace windows and glass doors at roughly the time frame indicated below. Note: there are many types of glazing and windows available in today's market; a general funding allowance is factored below.

Useful Life: 30 years Remaining Life: 24 years

Best Case: $31,500.00

Worst Case: $38,250.00

$700/Window; Lower estimate to replace

$850/Window; Higher estimate to replace

Cost Source: Client Cost History plus inflation

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1128 Brick Surfaces - Tuck Point Quantity: Approx 22,950 GSF Location: Exterior brick building surfaces Evaluation: Generally exterior surfaces were noted to be intact and in good to fair condition. Mortar joints showed occasional deterioration, but no loose bricks or severe cracks were noted during our limited-scope visual inspection. JD & E recommend brick exterior inspections to be completed by a qualified contractor/engineer every 4-5 years at a cost of approximately $2,000 to $3,000 for a building of this height. Anticipate minor repairs to coincide with this inspection process, to include a larger, less-often project with more in-depth analysis and repairs to occur on the schedule established below. Assume building envelope was inspected and areas of concern were repaired during the major renovation project, to include the addition of an elevator tower.

Useful Life: 20 years Remaining Life: 14 years

Best Case: $34,425.00

Worst Case: $45,900.00

$1.50/GSF; Higher estimate to tuck point exterior walls

$2.00/GSF; Lower estimate to tuck point exterior walls

Cost Source: Research with Local Vendor/Contractor

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1303 Parish School Roof - Replace Quantity: Approx 8,000 GSF Location: Rooftop of Parish School Building Evaluation: Various conditions were observed on this sloped, composition shingle roof during our limited scope visual inspection. One section appears to be newer, while other sections show significant age to the shingles, including some sections that are beginning to slip. Vendor reports this roof has significant concerns, possibly due to moisture content in the attic areas. Replacement has been reevaluated by vendor and they recommend it be completed in the very near future. As routine maintenance, we recommend professional inspections at least twice annually and after windstorms. Promptly replace any damaged/missing shingles or any other repair needed to ensure waterproof integrity of roof. Keep gutters and downspouts clear and free of debris.

Useful Life: 25 years Remaining Life: 2 years

Best Case: $72,000.00

Worst Case: $88,000.00

$9.00/GSF; Lower estimate to replace

$11.00/GSF; Higher estimate to replace

Cost Source: Research with Local Vendor: Mansuetto (740)633-7320

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1310 Gutters/Downspouts - Repair/Replace Quantity: Minimal LF Location: Perimeter of building Evaluation: Gutters and downspouts appeared to be intact, securely attached and in good condition. No reports of improper flow or poor drainage. Heat strips were recently added to limit the ice that forms on the gutters. School staff reported icicle formation used to be a significant concern. As routine maintenance, inspect regularly, keep gutters and downspouts free of debris. Repair locally as needed from general operating funds.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1315 Lobby Roof - Replace Quantity: Approx 1,675 GSF Location: Rooftop of Lobby - 1970s addition Evaluation: This roof is reported to be intact but older at this time. Current concerns reported include flashings beginning to fail. As routine maintenance, we recommend professional inspections at least twice annually and after windstorms. Promptly repair any damaged sections as-needed to ensure waterproof integrity of roof. Keep gutters and downspouts clear and free of debris. Plan for replacement at roughly the time frame indicated below, based on vendor's report.

Useful Life: 30 years Remaining Life: 3 years

Best Case: $20,100.00

Worst Case: $22,110.00

$12.00/GSF; Lower estimate to replace slag builtup roof system

$13.20/GSF; Higher estimate to replace slag builtup roof system

Cost Source: Research with Local Vendor: Mansuetto (740)633-7320

September 25,2012

Page 15 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1315 Middle Gym Roof - Replace Quantity: Approx 1,400 GSF Location: Rooftop of middle gym section Evaluation: This roof is reported to be intact and in fair condition. No reports of leaks or other concerns at this time. No reports of actual installation date. As routine maintenance, we recommend professional inspections at least twice annually and after windstorms. Promptly repair any damaged sections as-needed to ensure waterproof integrity of roof. Keep gutters and downspouts clear and free of debris. Plan for replacement at roughly the time frame indicated below, based on vendor's report.

Useful Life: 20 years

Photo Not Available

Remaining Life: 12 years

Best Case: $12,600.00

Worst Case: $14,000.00

$9.00/GSF; Higher estimate to replace 60 mil EPDM membrane, installed & ballasted with stone

$10.00/GSF; Higher estimate to replace 60 mil EPDM membrane, installed & secured with mechanical or adhesive fastening system

Cost Source: Research with Local Vendor: Mansuetto (740)633-7320

September 25,2012

Page 16 of 17


Association Reserves

Inventory Appendix

Client: 9999S1 Sample School - Exteriors Comp #: 1315 Upper/Lower Gym Roofs - Replace Quantity: Approx 3,400 GSF Location: Rooftop of Upper & lower portions of Gym Building Addition - 1939 Evaluation: This roof appeared to be in fair condition based on our visual inspection. No reports of leaks or other concerns at this time. No reports of actual installation date. As routine maintenance, we recommend professional inspections at least twice annually and after windstorms. Promptly repair any damaged sections as-needed to ensure waterproof integrity of roof. Keep gutters and downspouts clear and free of debris. Plan for replacement at roughly the time frame indicated below. Vendor reports this roof is of a coal tar pitch and slag material. Funding schedule and costs adjusted based on vendors report of anticipated repairs.

Useful Life: 30 years Remaining Life: 5 years

Best Case: $34,000.00

Worst Case: $44,200.00

$10.00/GSF; Lower estimate to replace 45 mil EPDM membrane, installed & ballasted with stone

$13.00/GSF; Higher estimate to replace 45 mil EPDM membrane, installed & ballasted with stone

Cost Source: Research with Local Vendor: Mansuetto (740)633-7320

September 25,2012

Page 17 of 17


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 325 Classroom Lights - Replace (GB) Quantity: Numerous assorted Location: Individual Classrooms Evaluation: Fixtures were generally noted to be in good condition. Fixtures have been upgraded since original construction in 1939 and currently serve the lighting needs of the school rooms without any significant reported problems. As routine maintenance, inspect, repair/change bulbs as needed. With ordinary care and maintenance, there is no predictable expectation to replace all at once or in large scale at these protected interior locations. Evaluate needs each year and replace individual fixtures locally as needed using general maintenance and repair funds.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 1 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 325 Classroom Lights - Replace (PS) Quantity: Numerous assorted Location: Individual Classrooms Evaluation: Fixtures were generally noted to be in good condition. Fixtures were replaced during the 2002/2003 renovations and currently serve the lighting needs of the school rooms without any significant reported problems. As routine maintenance, inspect, repair/change bulbs as needed. With ordinary care and maintenance, there is no predictable expectation to replace all at once or in large scale at these protected interior locations. Evaluate needs each year and replace individual fixtures locally as needed using general maintenance and repair funds.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 2 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 325 Gym Lights - Replace Quantity: Approx (15) Fixtures Location: Gym Ceiling Evaluation: Fixtures were generally noted to be in good condition. Fixtures were replaced recently and currently serve the lighting needs of the gym area without any problems. As routine maintenance, inspect, repair/change bulbs as needed. With ordinary care and maintenance, fixtures should have an extended life, but based on history at this school, plan for future replacement.

Useful Life: 20 years Remaining Life: 17 years

Best Case: $9,000.00

Worst Case: $10,000.00

Lower estimate to replace fixtures

Higher estimate Cost Source: Client Cost History plus inflation

September 25,2012

Page 3 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 325 Hallway Lights - Replace (GB) Quantity: Numerous assorted Location: Hallways throughout school Evaluation: Fixtures were generally noted to be in good condition. Fixtures have been upgraded since original construction in 1939 and currently serve the lighting needs of the school hallways without any significant reported problems. As routine maintenance, inspect, repair/change bulbs as needed. With ordinary care and maintenance, there is no predictable expectation to replace all at once or in large scale at these protected interior locations. Evaluate needs each year and replace individual fixtures locally as needed using general maintenance and repair funds.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 4 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 325 Hallway Lights - Replace (PS) Quantity: Numerous assorted Location: Hallways throughout school (Not including Parish Center - Offices on 3rd Floor) Evaluation: Fixtures were generally noted to be in good condition. Fixtures were replaced during the 2002/2003 renovations and currently serve the lighting needs of the school hallways without any significant reported problems. As routine maintenance, inspect, repair/change bulbs as needed. With ordinary care and maintenance, there is no predictable expectation to replace all at once or in large scale at these protected interior locations. Evaluate needs each year and replace individual fixtures locally as needed using general maintenance and repair funds.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 600 Painted Concrete Floor - Repaint Quantity: Approx 1,100 GSF Location: Parish School Floors through Basement Area Evaluation: School has a few sections of painted concrete floors throughout the basement area. School reports that these floors are repainted regularly and that funding is scheduled through the general operating/maintenance budget. Cost is minimal and this funding schedule should stand.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 5 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 601 Carpeting - Replace (GB) Quantity: Approx 110 GSY Location: Gym Building - Computer Lab Evaluation: Carpeting was noted to be intact and functional, but is quickly becoming worn. Stains were noted occasionally throughout this flooring area. As part of ongoing maintenance program professionally clean as needed. Plan to replace at the time frame below, best timed after repainting (component #1110). Wide variety of type and quality available; a mid-range funding allowance is factored below for planning purposes.

Useful Life: 10 years Remaining Life: 0 years

Best Case: $4,400.00

Worst Case: $6,600.00

$40/GSY; Lower estimate to replace w/heavy-traffic material

$60/GSY; Higher estimate for similar heavytraffic material

Cost Source: Printed Estimating Guidebook(s)

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 601 Carpeting - Replace (PS) Quantity: Approx 490 GSY Location: Parish School Building - Basement Classrooms, 1st Floor Classrooms and Offices Evaluation: These sections of carpeting were noted to be older, tired and significantly worn. Some areas have suffered further due to water leaks. As part of ongoing maintenance program professionally clean as needed. Plan to replace at the time frame below. Wide variety of type and quality available; a mid-range funding allowance for heavy-traffic carpeting is factored below for planning purposes.

Useful Life: 10 years Remaining Life: 0 years

Best Case: $19,600.00

Worst Case: $29,400.00

$40/GSY; Lower estimate to replace w/heavy-traffic material

$60/GSY; Higher estimate for similar heavytraffic material

Cost Source: ARI Cost Database: Similar Project Cost History

September 25,2012

Page 7 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 603 Tile Floor - Replace (GB) Quantity: Approx 2,300 GSF Location: Gym Building - Stairways, Hallways and Restrooms throughout Evaluation: Tile floors throughout are reported to be original from 1939. Individual tiles can be replaced as-needed through general operating/maintenance budget. No anticipation to replace due to surface's history of sustaining heavy traffic and abuse with no significant wear. If aesthetic change is requested, funding can be included at a future date.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 603 Tile Floor - Replace (Lobby) Quantity: Approx 235 GSF Location: Lobby - Restrooms Evaluation: Tile floors throughout are reported to be original from 1994. Individual tiles can be replaced as-needed through general operating/maintenance budget. No separate funding to replace through this component due to funding already being included in component 909 Bathrooms - Refurbish.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 8 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 603 Tile Floor - Replace (PS) Quantity: Approx 1,735 GSF Location: Parish School - 1st and 2nd Floor Hallways, 2nd floor bathrooms, Basement bathroom Evaluation: Tile floors show two ages, some hallway areas had new tile installed during the 2002/2003 renovation project. Style and coloring is similar to other sections throughout the school. Individual tiles can be replaced as-needed through general operating/maintenance budget. No anticipation to replace due to surface's history of sustaining heavy traffic and abuse with no significant wear. If aesthetic change is requested, funding can be included at a future date.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

Page 9 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 604 Hardwood Floor - Refinish (PS) Quantity: Approx 600 GSF Location: Parish School - Second floor, Library Evaluation: This flooring surface is reported to be original from Parish School construction in 1896. Flooring surface was refurbished in 2002/2003 during Parish School renovations. With proper care and maintenance, this floor will last for many more years. Plan to refinish this surface regularly to ensure good appearances and protection for years to come. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 606 Rubber Flooring - Replace Quantity: Apx 105 LF & 475 GSF Location: Parish School - Basement to gym Stairs, West Stairwell (Adjacent to Elevator), & 2nd Floor Hallway Ramp Evaluation: Stairwell steps and landings were noted to be in good condition during the inspection. These surfaces do show scuffs from shoes quite readily, but this does not affect the integrity of the surface. Plan to replace at the time frame below, best timed after repainting (component #1110). Wide variety of type and quality available; a midrange funding allowance is factored below for planning purposes.

Useful Life: 15 years Remaining Life: 9 years

Best Case: $5,375.00

Worst Case: $7,800.00

$15/LF - Steps, $8.00/GSF - Landings; Lower estimate to replace

$20/LF - Steps, $12.00/GSF - Landings; Higher estimate

Cost Source: Printed Estimating Guidebook(s)

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 607 VCT - Replace (GB) Quantity: Approx 3,200 GSF Location: Gym Building - Music and Religion, 6th, 7th, and 8th Grade Classrooms Evaluation: These sections of flooring were generally noted to be older, tired and worn. As part of ongoing maintenance program wash, strip and rewax surfaces as needed. Plan to replace at the time frame below, best timed after repainting (component #1110). Wide variety of type and quality available; a mid-range funding allowance is factored below for planning purposes.

Useful Life: 20 years Remaining Life: 0 years

Best Case: $12,800.00

Worst Case: $16,000.00

$4.00/GSF; Lower estimate to remove asbestosrelated tiles & install new, non-asbestos tiles/adhesive

$5.00/GSF; Higher estimate to remove asbestosrelated tiles & install new, non-asbestos tiles/adhesive

Cost Source: 2006 Volz Engineering Report

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 607 VCT - Replace (Lobby) Quantity: Approx 810 GSF Location: Lobby - Entry walkway Evaluation: This section of flooring was noted to be mostly intact, clean, functional, and generally in fair condition. No significant problems noted, however the edges are showing some curling throughout this section of flooring. As part of ongoing maintenance program wash, strip and rewax surfaces as needed. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 607 VCT - Replace (PS) Quantity: Approx 3,680 GSF Location: Parish School - Numerous Areas, defined in Field Notes Evaluation: These sections of flooring were all replaced during the recent renovation project. According to Asbestos Reports prepared by an independent inspector in 2006, no further concerns are of note in regards to asbestos. As part of ongoing maintenance program wash, strip and rewax surfaces as needed. Plan to replace at the time frame below, best timed after repainting (component #1110). Wide variety of type and quality available; a mid-range funding allowance is factored below for planning purposes. Areas include: Basement Storage, 1st Floor bathrooms, Corners of 2nd and 3rd Grade Classrooms, Development Office, 4th & 5th Grade Rooms, Multipurpose Room, Family Center.

Useful Life: 20 years Remaining Life: 14 years

Best Case: $14,720.00

Worst Case: $18,400.00

$4.00/GSF; Lower estimate to remove asbestosrelated tiles & install new, non-asbestos tiles/adhesive

$5.00/GSF; Higher estimate to remove asbestosrelated tiles & install new, non-asbestos tiles/adhesive

Cost Source: 2006 Volz Engineering Report

September 25,2012

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Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 609 Kitchen Floor - Replace Quantity: Approx 630 GSF Location: Lobby - Kitchen Evaluation: This section of flooring, while noted to be intact was also noted to be older, tired and worn. We recommend replacement at this time due to current conditions. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 610 Ceiling Tiles - Replace (Lobby) Quantity: Approx 1,050 GSF Location: Lobby Areas Evaluation: Lobby ceiling was noted to be intact and functional. No abuse, wear or significant aging noted. These ceilings typically have a long useful life if properly maintained. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 610 Ceiling Tiles - Replace (PS) Quantity: Approx 5,000 GSF Location: Parish School - Numerous Areas, defined in Field Notes Evaluation: These ceilings were noted to be intact, functional, and in good condition. Areas were installed during recent renovations. No abuse or wear noted. These ceilings typically have a long useful life if properly maintained. Plan to replace at the time frame below, best timed to coordinate with other interior projects to update interior appearances all at once. Wide variety of type and quality available; a mid-range funding allowance is factored below for planning purposes. Areas include the following: Resource Room, Hallways, Family Center (including Nurse and Counseling Offices), & Multi-purpose Room

Useful Life: 20 years Remaining Life: 14 years

Best Case: $30,000.00

Worst Case: $40,000.00

$6.00/GSF; Lower estimate to replace

$8.00/GSF; Higher estimate

Cost Source: 2006 Volz Engineering Report

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 700 Interior Doors - Replace (GB) Quantity: Approx (16) Doors Location: Entry/Exit to individual classrooms, offices, stairwells Evaluation: Interior doors were generally noted to be intact, functional, and in good to fair condition. These doors appear to have historical value to the school as they still have the old-style handles and wire reinforced glass. Based on current condition and interior location, plan to repair/replace doors on an as-needed basis through general maintenance/operating budget. No complete replacement anticipated at this time based on historical value. Funding for eventual replacement can be added at the request of the School or Diocese.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 700 Interior Doors - Replace (PS) Quantity: Approx (42) Doors Location: Entry/Exit to individual classrooms, offices, stairwells (Not including Parish Center - Offices on 3rd Floor) Evaluation: Interior doors were generally noted to be intact, functional, and in good to fair condition. These doors appear to have been replaced during the recent renovation project. Based on current condition and interior location, plan to repair/replace doors on an as-needed basis through general maintenance/operating budget. Complete replacement funded for to eventually replace all at once to ensure consistent appearance throughout. A midrange funding allowance has been established to replace with fire-rated security doors to ensure safety and code compliance.

Useful Life: 30 years Remaining Life: 24 years

Best Case: $10,500.00

Worst Case: $18,900.00

$250/Door; Lower estimate to replace, to include hardware and hanging

$450/Door; Higher estimate to replace, to include hardware and hanging

Cost Source: ARI Cost Database

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 703 Utility Doors - Replace Quantity: Approx (7) Doors Location: Various locations throughout the property Evaluation: Utility doors were generally noted to be newer, intact, functional, and in good condition. Based on current condition and interior location, plan to repair/replace doors on an as-needed basis through general maintenance/operating budget. No complete replacement anticipated at this time.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 903 Classroom Furnishings - Replace(GB) Quantity: Approx (119) Pieces Location: Gym Building - Classrooms Evaluation: These pieces were noted to generally be intact and functional, though older. They are considered to be in fair condition with no significant damage or deterioration at this time. Best to plan for regular cycles of replacement in future years for aesthetic updating. Recommend coordinating replacement in conjunction with other interior refurbishing projects. Pieces include (53) Desks, (44) Chairs, (22) Tables.

Useful Life: 10 years Remaining Life: 0 years

Best Case: $9,260.00

Worst Case: $13,890.00

Lower allowance for replacement

Higher allowance

Cost Source: ARI Cost Database: Similar Project Cost History

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 903 Classroom Furnishings - Replace(PS) Quantity: Approx (200) Pieces Location: Parish School Building - Classrooms Evaluation: These pieces were noted to be newer, intact and in good condition. No significant damage or deterioration noted at this time. Best to plan for regular cycles of replacement in future years for aesthetic updating. Coordinate with other interior projects to update appearances throughout at one time. Pieces include (56) Desks, (106) Chairs, (38) Tables

Useful Life: 10 years Remaining Life: 4 years

Best Case: $13,340.00

Worst Case: $20,000.00

Lower allowance for replacement

Higher allowance

Cost Source: ARI Cost Database: Similar Project Cost History Comp #: 903 Office Furnishings - Replace Quantity: (4) Offices Location: Parish School Building - Main Office Evaluation: These pieces were noted to be various ages, but were generally noted to be intact and in good condition. No significant damage or deterioration noted at this time. Replacement is anticipated to be handled on an asneeded basis through general operating/maintenance funds. No separate Capital Reserve Planning necessary.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 909 Bathrooms - Refurbish (Newer) Quantity: (6) Bathrooms Location: (2) - Lobby & (4) - Parish School (Basement Classroom, 1st Floor Office, 2nd Floor common) Evaluation: Bathrooms were noted to show a variety of conditions throughout as some were updated during the recent renovations and others were not. This component funds for the eventual need to refurbish bathrooms that were refurbished during the recent renovation project. As routine maintenance, inspect regularly, perform any needed repairs promptly utilizing general operating funds. Prudent planning suggests setting aside funds for periodic refurbishing which may include items such as: plumbing fixtures, vanity area, lighting, flooring, ventilation, accessories, etc.

Useful Life: 20 years Remaining Life: 14 years

Best Case: $65,000.00

Worst Case: $75,000.00

Lower allowance to refurbish

Higher allowance; more extensive, elaborate

Cost Source: ARI Cost Database: Similar Project Cost History

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 909 Bathrooms - Refurbish (Older) Quantity: (4) Bathrooms Location: (2) - Gym Building & (2) - Parish School Evaluation: Bathrooms were noted to show a variety of conditions throughout as some were updated during the recent renovations and others were not. This component funds for the more immediate need to refurbish bathrooms that were not refurbished during the recent renovation project and are older, tired and in poor condition at this time. As routine maintenance, inspect regularly, perform any needed repairs promptly utilizing general operating funds. Prudent planning suggests setting aside funds for periodic refurbishing which may include items such as: plumbing fixtures, vanity area, lighting, flooring, ventilation, accessories, etc.

Useful Life: 20 years Remaining Life: 0 years

Best Case: $60,000.00

Worst Case: $72,000.00

Lower allowance to refurbish

Higher allowance; more extensive, elaborate

Cost Source: ARI Cost Database: Similar Project Cost History

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 915 Built-in Cabinetry - Replace Quantity: Numerous Areas Location: Throughout School Interiors Evaluation: Pieces include bookshelves, cabinetry, Family Center desk, etc. Pieces vary in age from original Parish School Cabinets to Family Center construction in 2002/2003. Pieces should be refinished regularly with touch-up repairs/refinishing to be completed as-needed. No complete replacement anticipated, especially for classroom cabinets due to their historical significance. No replacement funding necessary assuming repairs are handled through general operating/maintenance budget. Refinishing handled separately through component 1132 - Builtin Cabinetry - Refinish.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1110 Interior Surfaces - Repaint (GB) Quantity: Approx 25,725 GSF Location: Interior wall and ceiling surfaces Evaluation: Interior surfaces were noted to show various conditions throughout the Gym Building. Classrooms generally showed good coloring and no major abuse. The Gym itself was noted to show faded/dull coloring and wear. Recommend repainting at this time. Regular cycles of professional painting are recommended to maintain appearance. Keep touchup paint on site for in between cycle maintenance projects.

Useful Life: 10 years Remaining Life: 0 years

Best Case: $15,435.00

Worst Case: $18,000.00

$0.60/GSF; Lower estimate to repaint

$0.70/GSF; Higher estimate

Cost Source: Research with Local Vendor/Contractor

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1110 Interior Surfaces - Repaint (Lobby) Quantity: Approx 4,250 GSF Location: Interior wall and ceiling surfaces Evaluation: Interior surfaces were generally noted to be in good condition. No peeling, fading, or scuffed paint noted. Regular cycles of professional painting are recommended to maintain appearance; best timed prior to flooring replacement (component #601). Keep touchup paint on site for in between cycle maintenance projects. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1110 Interior Surfaces - Repaint (PS) Quantity: Approx 35,575 GSF Location: Interior wall and ceiling surfaces (Not including Parish Center - Offices on 3rd Floor) Evaluation: Interior surfaces were generally noted to be in good condition. No significant peeling, fading, or scuffed paint noted. Last repainting project reportedly completed during recent renovations. Regular cycles of professional painting are recommended to maintain appearance; best timed prior to flooring replacement (component #601). Keep touchup paint on site for in between cycle maintenance projects.

Useful Life: 10 years Remaining Life: 4 years

Best Case: $21,345.00

Worst Case: $24,900.00

$0.60/GSF; Lower estimate to repaint

$0.70/GSF; Higher estimate

Cost Source: Research with Local Vendor/Contractor

September 25,2012

Page 26 of 31


Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1132 Built-in Cabinetry - Refinish Quantity: Numerous Areas Location: Throughout School Interiors Evaluation: Pieces include bookshelves, cabinetry, Family Center desk, etc. Pieces vary in age from original Parish School Cabinets to Family Center construction in 2002/2003. Pieces should be refinished regularly with touch-up repairs/refinishing to be completed as-needed. Cost to refinish falls below the Capital Reserve threshold, thus no funding has been set aside here. Plan to fund refinishing projects through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 1606 Basketball Eqp - Replace Quantity: Hoops, Backboards, etc. Location: Gym Walls Evaluation: Hoops and backboards were all noted to be intact, in good condition, and appeared to be attached securely. No abuse or deterioration noted. Interior protected location gives these assets an indefinite useful life. Repair/replace individual pieces as-necessary through the general maintenance/operating budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1607 Basketball Court - Refinish Quantity: Approx 4,300 GSF Location: Gym Flooring Evaluation: Court refinishing was completed during the summer of 2008. During our inspection, it was noted to be intact and in good condition. Surface showed good conditions with no significant warping, damaged floor-boards, or other concerns. Resurfacing falls below the minimum threshold for Reserves (<$5,000) and should thus be funded for through the general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 1614 Gym Bleachers - Refurbish/Replace Quantity: Gym Stadium Seating Location: Gym Interiors Evaluation: Bleachers are built-in and of wood construction. Benches and flooring were noted to be intact at this time. Regular cycles of painting should be completed to ensure future good conditions. No major rebuilding anticipated as individual repairs should be completed as-needed by in-house staff and funded through the general operating/maintenance budget. Painting funded for through component 1110 - Interior Painting (GB).

Useful Life:

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Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1617 Hall Lockers - Replace (GB) Quantity: Approx (126) Dbl-tier Location: Gym Building 2nd & 3rd Floor Hallways Evaluation: Lockers appear to be in fair condition throughout the first floor hallway. All are reported to be fully functional with no problems. Occasionally, latches or hinges will fail prematurely, typically due to abuse. Handle repairs of these items as-needed through the general operating/maintenance budget. Plan for occasional replacement as lockers age, especially due to use/abuse typical of students.

Useful Life: 20 years Remaining Life: 10 years

Best Case: $25,200.00

Worst Case: $31,500.00

$200/Set; Lower estimate to replace double-tier lockers

$250/Set; Higher estimate to replace double-tier lockers

Cost Source: Printed Estimating Guidebook(s)

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1617 Hall Lockers - Replace (PS 1st Flr) Quantity: Approx (32) Double-tier Location: 1st Floor Hallways Evaluation: Lockers appear to be in good condition throughout the first floor hallway. All are reported to be fully functional with no problems. Occasionally, latches or hinges will fail prematurely, typically due to abuse. Handle repairs of these items as-needed through the general operating/maintenance budget. Plan for occasional replacement as lockers age, especially due to use/abuse typical of students.

Useful Life: 20 years Remaining Life: 14 years

Best Case: $6,400.00

Worst Case: $8,000.00

$200/Set; Lower estimate to replace double-tier lockers

$250/Set; Higher estimate to replace double-tier lockers

Cost Source: Printed Estimating Guidebook(s)

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S2 Sample School - Interiors Comp #: 1617 Hall Lockers - Replace (PS 2nd Flr) Quantity: Approx (8) Single-tier Location: 2nd Floor Hallway Evaluation: These lockers are older but still appear to be in working order. Due to historical significant of these lockers, school staff reports they will strictly be maintained. No replacement anticipated. Occasionally, latches or hinges will fail prematurely, typically due to abuse. Handle repairs of these items as-needed through the general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 1802 Elevator Cab - Remodel Quantity: (1) Std Cab Location: Elevator interiors Evaluation: Cab was completed as part of original elevator installation during Parish School renovation project. Cab décor currently shows good conditions. No significant abuse, scuffs or other deterioration noted. Funding included for eventual need to update décor and ensure good conditions throughout.

Useful Life: 15 years Remaining Life: 9 years

Best Case: $5,000.00

Worst Case: $10,000.00

Lower estimate to update décor

Higher estimate

Cost Source: Research with Local Contractor: ThyssenKrupp (304)342-8115

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 303 Carrier HVAC Units - Replace (A) Quantity: (4) Apx 9-Tons Total Location: Rooftop, Ground-level Evaluation: Units are reported to be in good operating condition at this time. No major repairs or pending replacements reported to us. Units are covered under a service contract with Johnson Boiler, typically regular maintenance by qualified personnel will help ensure a full useful life. Plan for replacement at the typical life expectancy indicated below. MNs: 40RM024-B600GC, 38AKS028-500, 38AKS024-510, 38AH-054-500 SNs: 2896F16283, 0496F88070, 2596F18030, 0196FB4096

Useful Life: 15 years Remaining Life: 2 years

Best Case: $11,250.00

Worst Case: $15,750.00

Lower estimate to replace HVAC Units

Higher estimate

Cost Source: Research with Local Vendor: Johnson Boiler (304)232-3070

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 303 Carrier HVAC Units - Replace (B) Quantity: (9) Apx 20-Tons Total Location: Rooftop, Ground-level Evaluation: Units are reported to be in good operating condition at this time. No major repairs or pending replacements reported to us. Units are covered under a service contract with Johnson Boiler, typically regular maintenance by qualified personnel will help ensure a full useful life. Plan for replacement at the typical life expectancy indicated below. MNs: (1) - 40RM016B511YC, (2) - 40RM024B511YC, (1) - FB4BNF048, (2) - 38AKS016-521, (2) 38AKS024-521, & (1) - 38CKC048-561 SNs: 2003F31624, 2003F31639, 2103F32816, 2403A75286, 1803F29514, 1803F29517, 1903F30718, unknown, & 2203E19141

Useful Life: 15 years Remaining Life: 9 years

Best Case: $45,000.00

Worst Case: $55,000.00

Lower estimate to replace HVAC Units

Higher estimate

Cost Source: Research with Local Vendor: Johnson Boiler (304)232-3070

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 310 Heating Boiler - Refurbish/Replace Quantity: (1) HB Smith 4M BTU Location: Basement Boiler Room Evaluation: This boiler is reportedly functioning properly at this time with no repairs reported recently or pending. Unit is covered under a service contract with Johnson Boiler, typically regular maintenance by qualified personnel will help ensure a full useful life. MN: G400-S-17 CON SN: K81-213

Useful Life: 25 years Remaining Life: 5 years

Best Case: $15,000.00

Worst Case: $25,000.00

Lower estimate to replace

Higher estimate

Cost Source: Research with Local Vendor: Johnson Boiler (304)232-3070 Comp #: 312 Emerson Pump - Replace Quantity: (1) Emerson 3 hp Pump Location: Basement Boiler Room Evaluation: This pump is reportedly older, however the precise age could not be verified either by staff or by service vendor. Unit is reported to be functioning properly, but has a useful life of only about 7 to 10 years. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 411 Drinking Fountains - Replace Quantity: (5) Fountains Location: Lobby, Gym 2nd and 3rd Floor Hallways, Parish School Building 2nd Floor, near Elevator Evaluation: Drinking fountains are various ages, though all are reported to be in good condition at this time. Lobby and Gym Hallway units are older, though not at the end of their typical economic useful life. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source: Comp #: 704 Intercom - Replace Quantity: (1) Nutone System Location: Front Entry to Office Evaluation: System includes camera at front entry buzzer with monitor and latch release located in the office. System was reportedly installed new during 2002/2003 Parish School renovations. Due to use, weathering and technological obsolescence, system will require occasional replacement. No funding provided as systems can typically be updated for less than the minimum threshold for Capital Reserves ($5,000).

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 801 Boiler - Replace Quantity: (1) Raypak 961.7k BTU Location: Basement Boiler Room Evaluation: This boiler is reportedly functioning properly at this time with no repairs reported recently or pending. Unit is covered under a service contract with Johnson Boiler, typically regular maintenance by qualified personnel will help ensure a full useful life. MN: H3-0962 SN: 0302205407

Useful Life: 25 years Remaining Life: 20 years

Best Case: $18,000.00

Worst Case: $20,000.00

Lower estimate to replace

Higher estimate

Cost Source: Research with Local Vendor: Johnson Boiler (304)232-3070 Comp #: 803 Water Heater - Replace Quantity: (1) AO Smith 76k BTU Location: Basement Boiler Room Evaluation: This water heater is reportedly functioning properly at this time with no repairs reported recently or pending. Unit is covered under a service contract with Johnson Boiler. Based on age, this unit has reached the end of its typical economic useful life (manufacture date of 1996, assume installation was not long afterwards). Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget. MN: FSG 75 250 SN: MC03 2296088-250

Useful Life:

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Worst Case:

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September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 803 Water Tank - Replace Quantity: (1) Storage Tank Location: Basement Boiler Room Evaluation: Water tank is older, though precise age could not be determined. Vendor reports this unit should have a useful life of between 8 to 12 years. Typically these tanks are installed with the water heater that is a part of the system. Due to minimal cost (<$5,000), no funding has been set aside for this project. Plan to fund through general operating/maintenance budget.

Useful Life:

Remaining Life:

Best Case:

Worst Case:

Cost Source:

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 901 Kitchen Equipment - Replace Quantity: (5) Assorted Pieces Location: Lobby Kitchen Area Evaluation: Kitchen equipment varies in age and condition. Assumed to be in functional operating condition. Prudent planning suggests setting aside funds for the periodic replacement of appliances at regular intervals to maintain functionality. No plans to replace all equipment at one time due to varied life of individual assets. Allowance established for partial replacement of assets as-needed. Pieces include (1) Cornelius 300 Series Ice Maker, (1) Garland 10-Burner, 2-Oven Range (SN: 9609GR0293), (1) Reznor Hood System (MN: RPB250-8-S2J, SN: EAVA66H5N05848), (1) Frigidaire Commercial Freezer (MN: FFU17FK0DW1, SN: WB43235978, (2) Jordan Coolers (MN: SAKR-22, SNs: F2267478I, F1754777J), and smaller, miscellaneous assets such as toasters, coffee makers, etc. Staff reports coolers will be replaced prior to the end of 2008.

Useful Life: 12 years Remaining Life: 11 years

Best Case: $8,000.00

Worst Case: $12,000.00

Lower allowance to replace

Higher allowance to replace

Cost Source: ARI Cost Database: Similar Project Cost History

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 1801 Elevator - Modernize Quantity: (1) 5-Stop ThyssenKrupp Location: 2003 Tower Addition, accessible through Hallways Evaluation: Elevator is currently reported to be fully functional. Unit is reportedly under a maintenance contract with ThyssenKrupp. Vendor reports no concerns at this time. Unit was installed during Parish School renovations. Prudent planning includes anticipation to modernize controllers, door package, etc. as these systems will become obsolete over time and failure will eventually occur. Typical modernization cycles range from 20 to 30 years depending on a variety of factors including use and loads.

Useful Life: 25 years Remaining Life: 20 years

Best Case: $70,000.00

Worst Case: $80,000.00

Lower estimate to replace

Higher estimate

Cost Source: Research with Local Contractor: ThyssenKrupp (304)342-8115

September 25,2012

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 1803 Fire Alarm System - Replace Quantity: (1) QuickStart EST Location: Basement Boiler Room Evaluation: Fire alarm system and attached devices are currently reported to be functional with no replacements reported recently. System was reportedly installed during Parish School renovation during 2002/2003. Over time, the technology in these systems becomes obsolete, making parts hard to come by. Wise planning typically includes replacement of these systems and attached devices every 10 to 15 years. Replacement cost can vary depending on when the system is updated as codes most surely will have changed since original installation, typically requiring new wiring to accommodate additional/updated smoke detectors, pull stations, alarms, lights, etc. Too unpredictable for Capital Reserve Funding.

Useful Life:

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 1809 Water Pump (Sump) - Replace Quantity: (1) Sm Pump Location: Subterranean location Evaluation: On-site staff reports the presence of one small sump pump. These pumps have an indefinite useful life and can typically be replaced for a minimal fee, making them inappropriate for Capital Reserve Planning. We recommend repairs/replacements occur as-needed and should be funded through the general operating/maintenance budget.

Useful Life:

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 1811 Plumbing - Repair/Replace Quantity: Extensive systems Location: Throughout school Evaluation: Analysis of plumbing system is beyond the scope of our services. Typically, if installed per architectural specifications and local building codes, there is no predictable time frame for large scale repair/replacement expenses within the scope of our report. No reported problems at this time. Treat minor repairs as ongoing maintenance expense. If patterns of significant repair emerge, funding may be incorporated into future Capital Reserve study updates. No basis for Capital Reserve funding at this time.

Useful Life:

Remaining Life:

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Association Reserves

Inventory Appendix

Client: 9999S3 Sample School - Mechanical Comp #: 1812 Electrical - Repair/Replace Quantity: Extensive systems Location: Throughout school Evaluation: Assessing the electrical systems is beyond the scope of our services. Typically, if installed per architectural specifications and local building codes, there is no predictable time frame for large scale repair/replacement expenses within the scope of our report. Treat minor repairs as ongoing maintenance expense. Funding may be incorporated into future Capital Reserve study updates if conditions change. No Capital Reserve funding suggested at this time.

Useful Life:

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Cost Source: Comp #: 1824 Phone System - Update Quantity: (1) Phone System Location: Parish School - Basement Equipment Room Evaluation: Phone system is newer and reportedly fully functional with no problems. System, to include digital voicemail, was installed new in 2002/2003 during Parish School renovation. Life cycle can vary greatly depending on a host of factors. Too unpredictable for Capital Reserve Funding at this time.

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September 25,2012

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AR WRCS Sample  

Sample Capital Replacement Plan

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