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Financial
The Association's reserve fund, funding plan, and scheduled reserve projects.
Reserve Fund
Projected for December 31, 2026 in the reserve study, assuming the recommended funding plan
The fully funded balance is the amount the reserve study calculates the Association should have on hand, based on the age, remaining useful life, and replacement cost of each component. Percent funded compares the reserve balance to that amount.
Source: 2022 reserve study by Nevada Reserve Studies, Inc., February 1, 2022. The last reported reserve balance in the study was $80,251.40 on December 31, 2021. The full study is on the Documents page.
Funding Plan
| Plan | Monthly | Annual |
|---|---|---|
| Current reserve contribution 2022 budgeted contribution reported in the reserve study | $3,849.17 | $46,190.00 |
| Threshold Funding Plan (recommended), 2026 | $2,522.98 | $30,275.71 |
| Full Funding Plan, 2026 | $2,518.94 | $30,227.23 |
Scheduled Reserve Projects, 2026 to 2028
| Due | Component | Est. cost | Status |
|---|---|---|---|
| 2026 | Building Metal Rain Gutters - Repair/Replace | $7,392.00 | Scheduled |
| 2027 | Building Exterior Lighting Fixtures - Repair/Replace | $2,100.00 | Scheduled |
| 2027 | Full 5 Year Reserve Study | $895.00 | Scheduled |
| 2027 | Perimeter Fencing, Block with Iron View - Repair/Replace | $16,661.00 | Scheduled |
| 2028 | Concrete Street Curbing - Repair/Replace | $2,740.00 | Scheduled |
Due years and estimated costs are from the reserve study, in 2022 dollars before inflation. Status is updated by management.
Owners may request the Association's financial statements and budget with a Document Request, or ask a question with an Accounting Question.