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Sent By: ENGEO iNC.; 925 838 7425; Nov-20-98 1:45PM; Page 515 <br /> <br /> F,X, HIBIT A <br /> ~uggetle'Cl B,'Clglt for MIIntenlrlc,, and RelDa~r ~ <br /> ~ur~ Crux Es~es <br /> <br /> YEAR 5014 201~5 ~.016 2017 2018 <br /> No. of Units 102 102 102 102 102 <br /> <br /> A. INCOMF <br /> <br /> Assessment 41,317 42,557 43,834 45,149 46,503 <br /> <br /> B. PROJECTED EXPENSES <br /> I. Aclmmistration enct Accounting 1558 1.605 1,853 1.702 1.754 <br /> 2. O uts~cle Ccnsultants 4 674 4 814 4. g59 5.107 5,261 <br /> 3. Maintenance 4.674 4,814 4.959 5,107 5,261 <br /> 4. Slope Stabd~zatlon !5,580 I~,047 16.528 17.024 17.535 <br /> 5. Erosion Protect=on 3.116 3.209 3,306 3,405 3.507 <br /> 6. Repa:r' 175.351 <br /> SUBTOTAL- EXPENSES 29,601 30,489 31.404 32.346 208,667 <br /> F~ESERVE/HOMEOWNERS' CONTRIBUTION" 11.716 '2,067 12.429 12.802 (162.184) <br /> EARNINGS 7.266 7990 8.736 9,504 (228) <br /> CUMULATIVE RESERVE 233.916 253.974 275.139 297,446 135.056 <br /> <br /> · Based on a large-scale repair of: $ 100.000 <br /> every 10 years ;n 1997 dollars <br /> <br /> ASSUMPTIONS <br /> Total No. of Units 1 O0 <br /> Initial Annual Assessment per Unit $260 <br /> Annual increase ~n Assessment 3.0% <br /> inflation 3.0% <br /> investment EEarnings 6.0% <br /> Expenses (in 1997 dollars}: <br /> 1. Administration and Accounting 1.0O0 <br /> 2. Outside Consultants 3.000 <br /> 3. Maintenance 3.000 <br /> 4. SioDe Stabilization 10,0O0 - <br /> 5. Erosion Protection 2,000 <br /> "Each Homeowners Contnbuton $100.000 <br /> ot $1.000 at Close of ESkrow <br /> <br /> <br />