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Attachment H RESERVE COMPONENT FUNDING SUAAMARY REPORT ,.., - ,,.�,„�., For the fiscai year bec�inninq Apri! 'I, 20U9 INestwoad Vilia_, e One Roseville, Minrtesata 47 u nits ' � . 1. PROPOSE� Baseline„ Reserve Component Budqet: Annual Amount � Annual Per Unit � Monthly Per Unit Reserve ComponentAssessment: � $73,425.00.00 $1,�62.24 $130:19 Note: lf assessmenfs vary by size or fype of unit, the assessmenf applicable to a specific unit must accompany this documenf wh�n included as parf of a resale disclosure. 2. Based upon the most recent reserve siudy ar�d o#her information avaifahle to the board of directors, will currently projec#ed reserve acco�r�t balances be sufficient at the end of each year to meet the association's obligation for major repairs ar�dlor re�lacement of the Reserve Components du�-ing the nexf 3� years? YES 3. If #he answer to #2 is nor list the first year in which an actuai cash def'rci# is projected, the year of peak deficit, and #he amount needed to cover the shorffafls: Fir�t Year of NIA Year of Peak d Cash Cash Deficit Amount of ShorLfall j A� NIA �— Amount of Shartfall e Ccsst Per Unit NIA Cost Per Unit �_ NJA f NIA ' NIA Note: If assessmenfs vary by srze or type of unit; the assessment applica6le to a specific unit musf accompany this documenf when included as par� of a resale disclosure. 4. Fundin status for the fiscal ear be innin A ril '�, 2009: A*Fully Funded Balance total accrued depreciation) for r�served components $397,242.00 B Reserve Fund geginnir�g Balance: $122,653.U0 C Toial uniunded de reciation liabili , where amount on line A is reate� than B $274,589.00 *Fully Funded Balance = Effective Age of Component = Esfrmated Useful Life X Current Replacemenf Cosi, summed for a!I companents. The #oiloi�i►ing issues, if no# disclosed, would cause a dis�ortion of the associafian's condition: The capital reserve funding plan presumes replac�ment, before 2014, of several major camponents using loan praceeds not factared irt the dient's study: They include: Roafs, Siding & Trim, Gutters and Soffit & Fascia. Homeowners ar� responsible for their own windows, doors, couriyard and garage doors, patios and decks. /� Gregary L. Pettersen Preparer . g.� s.. �r�.r �� .— — .� � �t,�-k�.` � ��a _ �,_� _ ._ �.,. �, ��.`�=m�'� '� �..._ _ . -'�0� August 30, 2008 Daie NOTE: The financial represenfafr�set forth in fhis summary are based on informatron pravided by the associatron and the 6est esfrmafes of the preparer at the fime the summary was prepared. The estima�es are subject to change. A copy of the full reserve study report is available for review from the assacrafran upon r�quest.