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Sent By: ENGEO INC,; 925 838 7425; NOV-20-98 1:44PM; Page 3/5 <br /> <br /> EXHIBIT A <br /> Su<3gesleCl Bu~lget for Maintenance sn~ Repair of <br /> Lawel Criek I=MltBe <br /> Pleaserim. California <br /> <br /> YF,.AR ~004 20Q5 2006 ;~007 Z.O,9,J <br /> NO of Units 102 102 102 102 102 <br /> <br /> A. INCOME <br /> <br /> Assessment 30,744 31,666 32,616 33,595 34,803 <br /> <br /> B. PROJECTED EXPENSES <br /> 1 Administration and Accounting 1,159 1.194 1,230 1.267 1,305 <br /> 2. CJtstoe Consultants 3,478 3.582 3.690 3.800 3.914 <br /> 3. Mamtenence 3.478 3,582 3,690 3,800 3,914 <br /> 4. Siope Stabilization 11,593 11,941 12.299 12,668 13,048 <br /> 5. Erosion Protection 2.319 2.388 2,460 2,534 2,610 <br /> 6. Repmr° 130,477 <br /> SUBTOTAL- EXPENSES 22,026 22,687 23,368 24,069 155,288 <br /> RESERVE/HOMEOWNERS' CCNTRIBUT1QN" 8.718 8,979 9.249 9,526 (120,565) <br /> F. ARNINGS 8.919 9,457 !0,012 10,584 3,344 <br /> CUMULATIVE RESERVE 194,60(5 213,042 232,303 252,413 135,092 <br /> <br /> · Bases on a large-scale repair of $ 100.000 <br /> every 10 years m 1997 tieliars <br /> <br /> ASSUMPTIONS <br /> Total No. of Urnits 100 <br /> Inmal Annual Assessment per Unit $260 <br /> Annual Increase in Assessment <br /> Inflation 3.0% <br /> investment Earnings 6.0% <br /> Expenses (in 1997 dollars): <br /> 1 Administration and Accounting 1 .O00 <br /> 2. Outside Consultants 3,000 <br /> 3 Maintenance 3,000 <br /> 4 Slope Stabilization 10.O00 <br /> 5. Erosion Protection 2,000 <br /> *°Each Homeowner's Contributon $100,000 <br /> of $I .000 at Close of Eskrow <br /> <br /> <br />