HomeMy WebLinkAbout160412WSPAIN
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NOTICE OF THE WORK STUDY SESSION
•��rthat� is p�.c�ti°ra
OF THE
FOUNTAIN HILLS TOWN COUNCIL
Mayor Linda M. Kavanagh
Councilmember Dennis Brown
Councilmember Nick DePorter
Councilmember Cassie Hansen
TIME: 5:30 P.M.
WHEN: TUESDAY, APRIL 12, 2016
WHERE: FOUNTAIN HILLS COUNCIL CHAMBERS
Vice Mayor Henry Leger
Councilmember Alan Magazine
Councilmember Cecil A. Yates
16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ
Councilmembers of the Town of Fountain Hills will attend either in person or by telephone conference call; a quorum of the
Town's various Commissions or Boards may be in attendance at the Work -Study Session.
ALL WORK-STUDY ITEMS LISTED ARE FOR DISCUSSION ONLY. NO ACTION CAN OR WILL BE TAKEN.
The primary purpose of work session meetings is to provide the Town Council with the opportunity for in-depth discussion
and study of specific subjects. Public comment is not provided for on the Agenda and may be made only as approved by
consensus of the Council. In appropriate circumstances, a brief presentation may be permitted by a member of the public or
another interested party on an Agenda item if invited by the Mayor or the Town Manager to do so. The Presiding Officer may
limit or end the time for such presentations.
AGENDA
CALL TO ORDER AND ROLL CALL — Mayor Linda M. Kavanagh
PRESENTATION AND DISCUSSION of the Town of Fountain Hills' FY2016/17 - LEVEL 1
CAPITAL RESERVE ANALYSIS.
2. ADJOURNMENT.
DATED this 6t' day of April, 2016.
Bevelyn J. Bender, Town Clerk
The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or 1-800-367-8939
(TDD) 48 hours prior to the meeting to request a reasonable accommodation to attend this meeting or to obtain agenda information in large print format.
Supporting documentation and staff reports furnished the council with this agenda are available for review in the Clerk's office.
ZACouncil Packets\2016\WS160412\160412WSA.doc Page 1 of 1
AIN
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0
NOTICE OF THE WORK STUDY SESSION
•��rthat� is p�.c�ti°ra
OF THE
FOUNTAIN HILLS TOWN COUNCIL
Mayor Linda M. Kavanagh
Councilmember Dennis Brown
Councilmember Nick DePorter
Councilmember Cassie Hansen
TIME: 5:30 P.M.
WHEN: TUESDAY, APRIL 12, 2016
WHERE: FOUNTAIN HILLS COUNCIL CHAMBERS
Vice Mayor Henry Leger
Councilmember Alan Magazine
Councilmember Cecil A. Yates
16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ
Councilmembers of the Town of Fountain Hills will attend either in person or by telephone conference call; a quorum of the
Town's various Commissions or Boards may be in attendance at the Work -Study Session.
ALL WORK-STUDY ITEMS LISTED ARE FOR DISCUSSION ONLY. NO ACTION CAN OR WILL BE TAKEN.
The primary purpose of work session meetings is to provide the Town Council with the opportunity for in-depth discussion
and study of specific subjects. Public comment is not provided for on the Agenda and may be made only as approved by
consensus of the Council. In appropriate circumstances, a brief presentation may be permitted by a member of the public or
another interested party on an Agenda item if invited by the Mayor or the Town Manager to do so. The Presiding Officer may
limit or end the time for such presentations.
AGENDA
CALL TO ORDER AND ROLL CALL — Mayor Linda M. Kavanagh
PRESENTATION AND DISCUSSION of the Town of Fountain Hills' FY2016/17 - LEVEL 1
CAPITAL RESERVE ANALYSIS.
2. ADJOURNMENT.
DATED this 6t' day of April, 2016.
Bevelyn J. Bender, Town Clerk
The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or 1-800-367-8939
(TDD) 48 hours prior to the meeting to request a reasonable accommodation to attend this meeting or to obtain agenda information in large print format.
Supporting documentation and staff reports furnished the council with this agenda are available for review in the Clerk's office.
ZACouncil Packets\2016\WS160412\160412WSA.doc Page 1 of 1
po Alkov, TOWN OF FOUNTAIN HILLS
2 TOWN COUNCIL
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: AGENDA ACTION FORM
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Meeting Date: 4/12/2016
Agenda Type: Regular
Meeting Type: Work Study Session
Submitting Department: Development Services
Staff Contact Information: Raymond Rees /480-816-5180/rrees@fh.az.gov
Strategic Planning Goal: Not Applicable (NA) Operational Priority: Not Applicable (NA)
REQUEST TO COUNCIL (Agenda Language): Presentation and discussion of the Town of Fountain Hill's FY 16/17 -
Level 1 Capital Reserve Analysis.
Applicant:
Applicant Contact Information:
Owner:
Owner Contact Information:
Property Location:
Related Ordinance, Policy or Guiding Principle:
Staff Summary (background): Staff was asked to provide a reserve study analysis of all Town -owned facilities
and assets for repairs and replacement excluding streets. The Town contracted with Capital Reserve
Analysts, LLC to provide a level 1, "Full" Reserve Study. The study includes the following:
• Component Inventory (based on on-site visual observations and measurements)
• Condition Assessment
• Life and Valuation Estimates
• Funding Status
• 30 -Year Funding Plan
A "draft" of the reserve study was briefly discussed at the 2016-17 council retreat. At that time staff was asked
to have a representative of the vendor provide a presentation at a future council work study session regarding
the study. Also at the retreat the Town Manager proposed and recommended in the FY 16-17 budget a
transfer of $1 million from the General Fund Reserves to the Facilities Replacement Fund.
Risk Analysis (options or alternatives with implications):
Fiscal Impact (initial and ongoing costs; budget status):
Budget Reference (page number):
Funding Source: NA
If Multiple Funds utilized, list here:
Page 1 of 2
Recommendation(s) by Board(s) or Commission(s):
Staff Recommendation(s):
List Attachment(s): Reserve Study Analysis and Presentation
SUGGESTED MOTILIN (for Council use):
Prep Sed by:
Raymglfd Rees, Facil ies/Environmental Supervisor 4/4/2016
Director's Ap
Paul Mood, De lopment Services Director 4/4/2016
Ap oved:
Grady E. Miller, anager 4/4/2016
Page 2 of 2
Town of Fountain Hollis
FY2016/2017
Level I Capital Reserve Study
Casey Arnett, P. R.A
Ph: 480-840-7130
www.azreserveanalysts.com
(J) CAPITAL RESERVE ANALYSTS
"Planning is bringing
the future into the
present so that you
can do something
about it now. —Alan Lakein
(R) CAPITAL RESERVE ANALYSTS
Why have a Replacement Reserve Fund?
OEV
1. Funds for future repair or replacement
of major common area assets.
2. Offset physical deterioration of town -owned assets by
accumulating financial assets.
CAPITAL RESERVE ANALYSTS
Reserve Fund Strength
100%
Strong
70%
Fair
30%
Weak
0%
(R) CAPITAL RESERVE ANALYSTS
Percent
Funded
Emergency
Funding
170%+
1% 1
30%=70%
10%
0%=30%
37%
(R) CAPITAL RESERVE ANALYSTS
Reserve Study Report Answers...
1. Which components?
2. Do we have Enough?
3. How much to Contribute to Reserves?
(R) CAPITAL RESERVE ANALYSTS
Reserve Study Results
•Reserve Component List
•Reserve Fund Status
•Reserve Funding Plan
CAPITAL RESERVE ANALYSTS
Reserve Study
Physical Analysis
Component Inventory
(responsibility)
Condition Assessment
,-. (how long will it last)
Financial Analysis
I I
(R) CAPITAL RESERVE ANALYSTS
Reserve Component Criteria
1. Owned Asset
2. limited Life
3. Predictable life
4. Above Minimum Cost Threshold
1. The Reserve Component list was developed from physical inspections and guidance from
Town Facilities Department.
2. Typically components with a useful life greater than 30 years are not considered as part of
this analysis.
3. This criteria eliminates unpredictable or random line items.
4. No items with a cost less than $10,000 have been included. This criteria eliminates smaller
line items which can typically be funded with normal operating/maintenance funds.
CAPITAL RESERVE ANALYST
Typical Components
TOWN HALL:
• Parking Lot Asphalt
• Pole Lights
• Roofing Systems
• Mechanical Equipment
(HVAC, Chillers, Elevators,
Generators etc.)
• Paint (Interior/Exterior)
• Flooring (Carpet, Ceramic
Tile, VCT etc.)
• Interior Lighting
• Cabinetry (Upper/Base
Cabinets & Counter Tops)
FIRE STATIONS:
Communication
Equip.
Fire Hoses
Defibrillators
SCBA Equipment
Interior Finishes
(Flooring,
Cabinetry,
Finishes etc.)
Exterior Elements
(Roofing and
Painting)
PARKS & REC:
• Lake Elements
(Liner,
Pumps/Motors,
Shoreline,
Aeration etc.)
• Playground Equip.
• Irrigation Systems
• Ball Field Lighting
• Fencing
• Tennis Courts
CAPITAL RESERVE ANALYSTS
�.
'_
FIRE STATIONS:
Communication
Equip.
Fire Hoses
Defibrillators
SCBA Equipment
Interior Finishes
(Flooring,
Cabinetry,
Finishes etc.)
Exterior Elements
(Roofing and
Painting)
PARKS & REC:
• Lake Elements
(Liner,
Pumps/Motors,
Shoreline,
Aeration etc.)
• Playground Equip.
• Irrigation Systems
• Ball Field Lighting
• Fencing
• Tennis Courts
CAPITAL RESERVE ANALYSTS
Reserve Study
Physical Analysis
Financial Analysis
Fund Status
(how much $ -bank)
Funding Plan
(willingness to pay)
(R) CAPITAL RESERVE ANALYSTS
Reserve Study Results
•Reserve Component List
[*Reserve Fund Status
•Reserve Funding Plan
CAPITAL RESERVE ANALYSTS
How to measure Reserve Fund
Strength?
•$/unit/yr. of age?
•% of annual budget?
•% of unit value?
• $100,000?
• $500,000?
�R) CAPITAL RESERVE ANALYSTS
.z:
�R) CAPITAL RESERVE ANALYSTS
How much
is Enough.?
The Fully Funded Balance represents the "used up" portion of a component or
sometimes referred to as the component's accrued deterioration.
FFB = Component Cost X Component Age / Component Estimated Life
When the Reserve Balance equals the FFB, the Reserve Fund is "Fully Funded"
or 100% Funded.
This question is really a question of risk tolerance. The closer the Reserve
Balance is to 100%, the less risk exposure to emergency funding measures or
deferred maintenance.
Individual Example Calculations
Current
Location Component EL RUL Cost
Fully
Annual Funded
Deterioration Balance
EHall
CT Flooring - Replace
25
14
$ 14,805
$ 592
$ 6,514
usm./CC
Parking Lot —Mill
24
9
$ 232,500
$ 9,688
$ 145,313
CAPITAL RESERVE ANALYSTS
Fully Funded Balance
Fractional Age X Current Cost
(Summedfor all components)
.z:
CAPITAL RESERVE ANALYSTS
How much is Enough.?
Aggregate Calculations
Fully
Current Annual Funded
Location Component Avg. EL Avg. RUL Cost Deterioration Balance
II Locations otal of 199 Components 1 19.8 1 10.3 $ 13,394,530 $ 655,673 $ 6,875,200
RECOMMENDATIONS
Starting Fund Balance........ $1,000,000
Current Fund Strength ....... 14.5%
Rec. Contribs./Year............. $960,000
PERCENT FUNDED LEVEL
M
0% 20% 40% 60% 80% 100%
CAPITAL RESERVE ANALYSTS
Fully Funded Reserve Balance
Category
Sub -Category
Current Replacement Cost
FFB
Civic Center
Town Hall
$
1,036,125
$
563,774
Civic Center
Com Center
$
1,149,360
$
712,595
Civic Center
Lib./Museum
$
561,550
$
326,635
Civic Center
Physical Plant
$
567,800
$
181,400
Civic Center
Civic Center
$
645,985
$
282,883
Fire Stations
Sta. #1 & #2
$
576,000
$
307,650
Fire Stations
Throughout
$
40,000
$
36,000
Fire Stations
Station #3
$
341,420
$
-
Fire Stations
Station #1
$
137,300
$
51,575
Fire Stations
Station #2
$
159,420
$
-
Parks
Fountain Park
$
4,068,140
$
2,116,353
Parks
Golden Eagle
$
1,826,100
$
1,147,263
Parks
Four Peaks
$
1,068,110
$
678,963
Parks
Desert Vista
$
806,800
$
272,378
Parks
Linear Park
$
200,350
$
25,788
Community Theater
Comm. Theater
$
124,705
$
100,372
Kiwanis Building
Kiwanis
$
85,365
$
71,570
Total $ 13,394,530 $ 6,875,200
CAPITAL RESERVE ANALYSTS
$20,000,000
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0
2016/17
Fully Funded Balance - Movement
2019/20 2022/23 2025/26 2028/29 2031/32 2034/35 2037/38 2040/41 2043/44
CAPITAL RESERVE ANALYSTS
Reserve Study Results
•Reserve Component List
•Reserve Fund Status
•Reserve Funding Plan
CAPITAL RESERVE ANALYSTS
Funding Principles
•Sufficient Cash to fund repairs and replacements
•Stable Contribution rate over 30 -year time frame
•Evenly Distributed
•Fiscally Responsible
CAPITAL RESERVE ANALYSTS
How Will You Fund Reserves.?
•Budgeted Contributions
•Loans (Contrib. + Bank Fees)
•Decline in asset values
CAPITAL RESERVE ANALYSTS
Reserve Funding Goals
•Full Funding
•Baseline Funding
•Threshold Funding
(R) CAPITAL RESERVE ANALYSTS
120%
100%
-o 80%
v
cm 60%
U-
40%
v
20%
0%
Fully Funding
0 5 10 15 20 25 30
Years
CAPITAL RESERVE ANALYSTS
120%
100%
Baseline Funding
0%
0 5 10
15
Years
20 25 30
CAPITAL RESERVE ANALYSTS
60%
C
40%
U
i
20%
0%
0 5 10
15
Years
20 25 30
CAPITAL RESERVE ANALYSTS
Reserve Study Results - Executive Summary
Financial Assumptions
Average Annual Inflation Rate
Average Interest Earned on Reserve Funds
Analysis Period
3%
1.65
7/1/2016 — 6/30/2045
Financial Data and Results
Starting Reserve Fund Balance $1,000,000
Fully Funded Reserve Fund Balance $6,875,200
Reserve Fund Strength 14.5%
Total Reserve Items included in analysis 199
Reserve Funding Scenarios
100% Funding Plan (Recommended) $960,000/Year
70% Funding Plan (Threshold) $864,000/Year
50% Funding Plan (Threshold) $798,000/Year
*the above funding plans included 3% annual increases for years 1-5 and 2% increases for years 5-30.
CAPITAL RESERVE ANALYSTS
Funding Plan Comparison (5 -Year)
50% Funding Goal
$1,200,000
$1,000,000
$800,000
$600,000
$400,000
$200,000
70% Funding Goal 100% Funding Goal
il
$0
2016/17
2017/18
2018/19
2019/20
2020/21
50% Funding Goal
$798,000
$821,940
$846,598
$871,996
$898,156
70% Funding Goal
$864,000
$889,920
$916,618
$944,116
$972,440
100% Funding Goal
$960,000
$988,800
$1,018,464
$1,049,018
$1,080,488
CAPITAL RESERVE ANALYSTS
120%
100
80%
60%
40%
20%
0%
Funding Plan Comparison (Cont.)
100% Funding Plan 70% Funding Goal 50% Funding Goal
2016 2021 2026 2031 2036 2041
CAPITAL RESERVE ANALYSTS
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
Projected Reserve Expenditures
2016/17 2019/20 2022/23 2025/26 2028/29 2031/32 2034/35 2037/38 2040/41 2043/44
CAPITAL RESERVE ANALYSTS
Immediate Projected Expenses (5 -Years)
$700,000
$600,000
$500,000
$400,000
$300,000
$200,000
$100,000
2016/17
2017/2018
❑ Parks ■ Civic Center ❑ Fire Stations
2018/2019 2019/2020 2020/2021
® Community Theater ❑ Kiwanis Building
CAPITAL RESERVE ANALYSTS
CAPITAL RESERVE ANALYSTS
21289 E. Lords Way
Queen Creek, AZ 85142
support@azreservestudy.com
Tel: (480) 840-7130 Fax: (888) 842-9319
March 30, 2016
Town of Fountain Hills Development Services
Regarding: FY2016/17 - Level I Capital Replacement Reserve Analysis
We are pleased to submit this Level I Reserve Study for Town of Fountain Hills Development Services.
This report is a budgeting tool designed to help you navigate the uncertain future. It contains financial
projections to help you understand your future reserve expenses. This report will help you answer the
questions "Do we have enough in our Reserve account?" and "How much do we need to contribute to
our reserve fund?"
If you have questions about the Reserve Study, please contact us at (480) 840-7130. We look forward
to doing business with you in the future.
Thank you,
Capital Reserve Analysts
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Contents
Disclosure and Limitations......................................................................................................................... 3
ReportGuide.............................................................................................................................................. 4
ExecutiveSummary................................................................................................................................. 5
FinancialAnalysis/Overview................................................................................................................... 5
Methodology........................................................................................................................................... 5
Reserve Component Listing & Expense Forecast by Year.......................................................................
5
ExecutiveSummary.................................................................................................................................... 6
ReserveFund Strength............................................................................................................................ 7
FinancialOverview..................................................................................................................................... 8
30 -Year Summary of Expenditures......................................................................................................... 8
PercentFunded....................................................................................................................................... 8
CurrentCost by Category........................................................................................................................... 9
Current Replacement Cost by Category/Sub-Category.......................................................................... 9
Methodology............................................................................................................................................
10
ReserveStudy........................................................................................................................................
10
Reserve Component Four -Part Test.....................................................................................................
10
Determining Expected Useful Life........................................................................................................
10
CostEstimates.......................................................................................................................................
10
ReserveFunding Level..........................................................................................................................
10
Recommended Funding Strategy..........................................................................................................
11
RecommendedFunding Goal...................................................................................................................
12
Recommended Reserve Contribution..................................................................................................
12
ReserveFund Account..............................................................................................................................
12
Projected Reserve Contributions..........................................................................................................
12
Projected Reserve Account Balance.....................................................................................................
13
ThirtyYear Summary................................................................................................................................
14
ReserveItem Listing.................................................................................................................................
15
Expense Forecast by Year (2016/17-2030/31)........................................................................................
22
Expense Forecast by Year (2031/32-2045/46)........................................................................................
29
Supplemental Disclosures........................................................................................................................
36
Definitions................................................................................................................................................
37
2
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Disclosure and Limitations
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 Reserve
Balance and current Reserve 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 entity change each year, this
Reserve Study is by nature a "one-year" document. This information can and should be adjusted
annually as part of the Reserve Study Update process so that more accurate estimates can be reflected
in the Reserve 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 Reserve Study be updated annually. We have relied upon the client to provide the current (or
projected) Reserve Balance, the estimated net -after-tax current rate of interest earnings, and to
indicate if those earnings accrue to the Reserve Fund. In addition, we have considered the entity's
representation of current and historical Reserve 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 Capital Reserves. No destructive or
intrusive testing was performed, nor should the site inspection be assumed to be anything other than
for budget purposes.
3
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Objectives and Scope of Work
Background: The Town of Fountain Hills was incorporated in 1989. Since that time, the town has
acquired, renovated and built new facilities. Major past projects include: Addition of the Community
Center, Physical Plant and Library/Museum buildings (2001), Fountain Hills Lake Liner Rehabilitation
(2001), Addition of the Town hall building (2005) and the addition of (4) Parks. Our assistance was
requested to develop a long-term capital asset plan so the Town can plan and prepare for future
expenditures.
1. A visual field inspection of the building elements and site improvements to determine the existing
condition of town assets. The building elements and site improvements will be inspected in order to
determine the typical or "average" condition of the elements. The building elements and site
improvements will be field -measured, and the component quantities derived from these
measurements will be included in the Reserve Study.
2. Estimation of the remaining life and the probable replacement/rehabilitation costs of the various
components, based upon the field inspection of the components and any site-specific conditions that
may affect the remaining life or replacement cost of these components.
3. Annual funding recommendations will be developed (with multiple funding goal scenarios
considered) based upon the estimated life cycles of the observed components, the estimated
replacement/rehabilitation costs of the observed components, and information supplied by the client
for use in this analysis, and for the initial fiscal year of the analysis (as selected by the client) and the
following thirty (30) fiscal years that constitute the standard 30 -year analysis time window.
4. A report of our observations, Client -supplied information (as relevant to the analysis), and our
conclusions will be prepared; and will include a schedule of the components considered in the analysis,
including the estimated current replacement costs and life cycles of the considered components,
projections of the estimated expenditures and recommended annual funding scenarios over the
analysis time window, and a break -down of the projected capital projects considered in the analysis by
fiscal year over the analysis time window.
M
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Report Guide
The Board of Directors or governing body of common interest entities has a fiduciary responsibility to
maintain and preserve the value of common area assets belonging to the entity. As part of their
fiduciary duty, board/Council members are responsible for the long-term planning and funding of
future major repairs and replacements of community assets such as; park maintenance, building
renovations and parking lot repairs.
The purpose of this study is to provide the Town of Fountain Hills with an inventory of reserve
components that require periodic repair and replacement and a reserve funding plan to offset the
associated costs of these projects. This report provides replacement/repair cost estimates and
maintenance schedules of each reserve component to assist the entity in making budget decisions
regarding reserve funding.
This reserve study adheres to the Community Association Institute's (CAI) standards regarding service
levels and disclosures. This report is in compliance with The American Institute of Certified Public
Accountants (AICPA) guidelines for Common Interest Realty Associations. Recommendations and
accompanying assumptions included herein are based on information provided to Capital Reserve
Analysts and assembled for the Entity's use.
The report has been divided into four easy -to -understand sections:
Executive Summary
Provides an overview of the Town's current physical condition and financial situation, outlining
significant findings and conclusions. This section of the report should be used as a quick reference in
helping the reader to understand the parameters and results of the study.
Financial Analysis/Overview
Examines report findings such as current status of Reserve Fund levels, current funding plan and our
recommendation for future reserve funding.
Methodology
Details the framework, methods, and materials used in developing the reserve study and the
associated funding plan. This section provides a comprehensive understanding of the methodology and
the process taken to develop the report.
Reserve Component Listing & Expense Forecast by Year
Lists the reserve components for which the Town is responsible to maintain along with each line item's
expected useful life, current replacement cost and remaining useful life based on our on-site
observations.
5
Executive Summary
Client Name
Town of Fountain Hills
Project Description
Town of Fountain Hills Inc.
Number of Units
N/A
Project Summary
Report Period (Fiscal Year)
Inflation Rate
Interest Rate
Projected Starting Reserve Balance
Fully Funded Balance
Percent Funded
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location
Fountain Hills, Arizona
Type of Study
Level I Full Reserve Study
Date Prepared
March 29, 2016
1Z
Zi n
. `W fir.
V 4N
11
t is
Recommended Annual Reserve Contrib
7/1/2016 — 6/30/2045
3.00%
1.65%
$1,000,000
$6,875,200
14.5%
$960,000
Year Incorporated
1989
Funding Strategy
Recommended
Full Funding
Next Study
2017
9
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Financial Analysis
The Financial Analysis is made up of a finding of the client's current Reserve Fund Status (measured in
cash and Percent Funded) and a recommendation for an appropriate Reserve contribution rate
(Funding Plan) in order to adequately plan for the ongoing major maintenance, repair and replacement
of owned assets.
1. Projected Starting Reserve Balance $1,000,000
2. Fully Funded Balance $6,875,200
3. Percent Funded 14.5%
4. Recommended Monthly Reserve Contributions $80,000
S. Report Start Date 7/1/2016
1. Your projected starting reserve balance is the dollar amount projected to be in reserve funds at
the beginning of the report period. This amount is calculated based on client figures and is not
audited.
2. Fully funded balance is the amount needed to cover future reserve expenses, reduce
emergency funding risk and avoid delayed or deferred maintenance. The Fully Funded Balance
is the total accrued deterioration for each component; the calculation can be expressed as
follows: Current Cost X Effective age/ Useful life. For example an asset with a 10 year useful life
and a $10,000 replacement cost during year 5 of its service life would have a Fully Funded
Balance of $5,000. [($10,000 X 5)/10 = $5,000] The sum of all the reserve components' FFB at
The Town of Fountain Hills is $7,127,225.
3. Percent funded compares what you currently have in the reserve account to the 100% funded
level Reserve balance.
4. Recommended reserve contributions are the amount we recommend contributing to the
reserve fund on a monthly basis in order to gradually increase your Reserve Fund to the 100%
funded level. It should be noted, we are recommending contributions of $80,000/month or
$960,000 annually. We recommend annual increases of 3% for 10 years followed by annual
increases of 2% for the remaining 20 years.
5. Report start date is the date the funding model begins to calculate
Reserve Fund Strength
Reserve fund strength is measured as a percentage. Typically entities with a percent funded level of
70% and above have a low risk for deferred maintenance. Conversely, entities with a percent funded
level of 30% and below have a high risk of emergency funding needs and deferred maintenance. The
Town of Fountain Hills' Reserve Fund percentage is currently 14.5% this represents a Weak position.
7
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Financial Overview
30 -Year Summary of Expenditures
The graph below shows the array of the projected future expenses. As illustrated below, expenses are
projected 30 years into the future, using the Inflation rate shown in the Executive Summary. This figure
clearly shows the near term and future expenses which face the Town. Note the large future expenses
in 2030 are due primarily to Fountain Park Lake renovations.
$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0 n i�1F--1 1 11 ii ii ii 11 11 11 ii ii ii ii 11 11 11 ii ii ii 11 11 11 ii ii ii ii 11 11 1
2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046
Percent Funded
The graph below highlights the movement of the reserve fund status based on our recommended
funding plan of annual contributions of $960,000.
Reserve Fund % - Recommended Funding Plan
opnol
100
80
60
40
20
no/ -
2016
2021 2026 2031 2036 2041 2046
0
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Current Cost by Category
Community Kiwanis Building
Fire Stations �Theater
Current Replacement Cost by Category/Sub-Category
✓ic Center
Category
Sub -Category
Current Cost
FFB
Civic Center
Town Hall
$
1,036,125
$
563,774
Civic Center
Com Center
$
1,149,360
$
712,595
Civic Center
Lib./Museum
$
561,550
$
326,635
Civic Center
Physical Plant
$
567,800
$
181,400
Civic Center
Civic Center
$
645,985
$
282,883
Fire Stations
Sta. #1 & #2
$
576,000
$
307,650
Fire Stations
Throughout
$
40,000
$
36,000
Fire Stations
Station #3
$
341,420
$
-
Fire Stations
Station #1
$
137,300
$
51,575
Fire Stations
Station #2
$
159,420
$
-
Parks
Fountain Park
$
4,068,140
$
2,116,353
Parks
Golden Eagle
$
1,826,100
$
1,147,263
Parks
Four Peaks
$
1,068,110
$
678,963
Parks
Desert Vista
$
806,800
$
272,378
Parks
Linear Park
$
200,350
$
25,788
Community Theater
Comm. Theater
$
124,705
$
100,372
Kiwanis Building
Kiwanis
$
85,365
$
71,570
Total
$
13,394,530
$
6,875,200
9
Town of Fountain Hills Development Services
Level I — Full Reserve Study
Methodology
Reserve Study
A Reserve Study is a budgeting tool to help prepare and plan for future expenditures. It should be
noted that the projections made in this study are just that, projections and do not predict with 100%
surety the future. We do however, use well defined methodologies and extensive research is done in
preparation of each Reserve Study. In this Report you will find the Reserve Component List. It contains
our estimates for Useful Life, Remaining Useful Life, and the current repair or replacement cost for
each major component the client is responsible to maintain or replace. Based on that list and your
starting balance we calculated the Reserve Fund Strength, which is measured as "Percent Funded", and
created a recommended 30 -year Reserve Funding Strategy to offset future Reserve expenditures.
Reserve Component Four -Part Test
There is a national -standard four-part test to determine which expenses should be funded through
Reserves. First, it must be a common area maintenance responsibility. Second, the component must
have a limited life. Third, the limited life must be predictable. Fourth, the component must be above a
minimum threshold cost. This means that Reserve Components should be major, predictable expenses.
It is incorrect to include "lifetime" components, unpredictable expenses (such as insurance related
losses), and expenses more appropriately handled from the Operational Budget.
**No items have been reserved for which have an estimated useful life of less than one year or a total
cost less than $10,000**
Determining Expected Useful Life
1) Visual Inspection (observed wear and age)
2) Cost Database of experience and similar projects
3) Client Component History
4) Vendor Expertise and Recommendations
Cost Estimates
Financial projections and our current cost estimates are established in this order:
1) Client Cost History
2) Comparison to Cost database
3) Vendor Recommendations
4) Reliable National Industry cost estimating software
Reserve Funding Level
Do you have enough money in Reserves to fund future capital replacements? Reserve adequacy is
measured by comparing where you need to be to where you are currently at with respect to Reserves:
1) Calculate your Fully Funded Balance (where you need to be).
2) Compare to the Reserve Fund Balance (where you currently are), and express as a
percentage.
10
Town of Fountain Hills Development Services
Level I - Full Reserve Study
The Fully Funded Balance increases as assets deteriorate and age. The Fully Funded Balance shrinks
when projects are completed.
Recommended Funding Strategy
We utilize four funding principles in establishing our recommended Reserve Contributions:
1. Ensuring that the client has sufficient funds to perform current reserve projects on time.
2. Put in place a stable contribution rate over the 30 -years.
3. Evenly distributed contributions over the years. (Prepare now with manageable monthly
contributions rather than face unmanageable expenses in the future)
4. Assist board members and officials in doing their fiduciary duty to guide the entity's future.
11
Town of Fountain Hills Development Services
Level I — Full Reserve Study
Recommended Funding Goal
® Full Funding: maintains the Reserve Fund at a level equal to the physical deterioration that has
occurred is called "Full Funding" (100% Funded). As each asset ages and becomes "used up", the
Reserve Fund grows proportionally. We have utilized the Full Funding approach for this analysis.
Entities in the 100% range rarely experience deferred maintenance or the need to raise emergency
capital.
❑ Baseline Funding: allows the Reserves to fall close to zero, but not below zero. In these
instances, deterioration occurs without matching Reserve contributions. With a low Percent Funded,
emergency funding and deferred maintenance are common.
❑ Threshold Funding: is the title of all other objectives randomly selected between Baseline
Funding and Full Funding.
Recommended Reserve Contribution
In order to prepare for major capital expenditures associated with the Civic Center, (4) Parks, (2) Fire
Stations (1 planned for 2021), a Community Theater and the Kiwanis Building we recommend
establishing monthly reserve contributions of $83,430/month during 2016/17 with 3% annual
increases for 10 years followed by 2% annual increases thereafter.
Reserve Fund Account
Projected Reserve Contributions
Reserve contributions should be set at a stable level in order to match annual deterioration and keep
up with inflation; this level generally falls around 3-5% annual increases.
$180,000
$160,000
$140,000
$120,000
$100,000
$80,000
$60,000
$40,000
$20,000
$0
Recommended Current
2016 2018 2020 2022 2024 2026 2028 2030 2032 2034 2036 2038 2040 2042 2044 2046
12
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Projected Reserve Account Balance
The chart below illustrates our goal of gradually bringing the reserve fund balance to the 100%.
$20,000,000
$18,000,000
$16,000,000
$14,000,000
$12,000,000
$10,000,000
$8,000,000
$6,000,000
$4,000,000
$2,000,000
$0 1 I I 1
2016 2021 2026
Target Balance 100%
2031 2036
Recommended Plan
2041 2046
13
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Thirty Year Summary
Fiscal
Year
Beginning
Balance
Fully Funded
Balance
Percent
Funded
Rating
Reserve
Contribution
Interest
Earned
Reserve
Expenses
Ending
Balance
2016/17
$1,000,000
$6,875,200
15%
Weak
$960,000
$21,387
$387,215
$1,594,172
2017/18
$1,594,172
$7,292,616
22%
Weak
$988,800
$29,345
$647,030
$1,965,286
2018/19
$1,965,286
$7,488,362
26%
Weak
$1,018,464
$37,111
$484,662
$2,536,200
2019/20
$2,536,200
$7,887,450
32%
Fair
$1,049,018
$49,505
$166,095
$3,468,628
2020/21
$3,468,628
$8,691,864
40%
Fair
$1,080,488
$63,629
$363,247
$4,249,499
2021/22
$4,249,499
$9,269,954
46%
Fair
$1,112,903
$75,484
$531,272
$4,906,614
2022/23
$4,906,614
$9,715,452
51%
Fair
$1,146,290
$88,449
$319,230
$5,822,124
2023/24
$5,822,124
$10,448,838
56%
Fair
$1,180,679
$100,516
$733,085
$6,370,234
2024/25
$6,370,234
$10,835,279
59%
Fair
$1,216,099
$109,792
$748,737
$6,947,388
2025/26
$6,947,388
$11,242,033
62%
Fair
$1,252,582
$119,746
$742,090
$7,577,627
2026/27
$7,577,627
$11,693,424
65%
Fair
$1,290,160
$122,270
$1,736,555
$7,253,502
2027/28
$7,253,502
$11,160,411
65%
Fair
$1,315,976
$119,876
$1,402,174
$7,287,180
2028/29
$7,287,180
$10,982,966
66%
Fair
$1,342,308
$115,788
$1,987,568
$6,757,708
2029/30
$6,757,708
$10,225,201
66%
Fair
$1,369,168
$118,492
$630,184
$7,615,185
2030/31
$7,615,185
$10,871,607
70%
. Strong
$1,396,565
$97,977
$4,840,499
$4,269,228
2031/32
$4,269,228
$7,230,442
59%
Fair
$1,424,510
$72,870
$1,196,893
$4,569,715
2032/33
$4,569,715
$7,263,509
63%
Fair
$1,453,015
$84,692
$404,145
$5,703,277
2033/34
$5,703,277
$8,148,872
70%
Fair
$1,482,090
$102,426
$567,034
$6,720,758
2034/35
$6,720,758
$8,925,533
75%
Strong
$1,511,746
$120,287
$482,895
$7,869,896
2035/36
$7,869,896
$9,845,643
80%
Strong
$1,541,996
$137,636
$724,391
$8,825,138
2036/37
$8,825,138
$10,579,109
83%
Strong
$1,572,852
$153,684
$735,196
$9,816,478
2037/38
$9,816,478
$11,358,975
86%
Strong
$1,604,324
$168,295
$991,649
$10,597,450
2038/39
$10,597,450
$11,934,684
89%
Strong
$1,636,427
$173,570
$1,951,226
$10,456,221
2039/40
$10,456,221
$11,576,989
90%
Strong
$1,669,172
$182,780
$593,556
$11,714,616
2040/41
$11,714,616
$12,645,784
93%
Strong
$1,702,572
$202,546
$765,835
$12,853,900
2041/42
$12,853,900
$13,609,182
94%
Strong
$1,736,640
$218,579
$1,149,829
$13,659,290
2042/43
$13,659,290
$14,247,152
96%
Strong
$1,771,391
$237,703
$494,700
$15,173,684
2043/44
$15,173,684
$15,621,465
97%
Strong
$1,806,836
$258,311
$1,079,913
$16,158,917
2044/45
$16,158,917
$16,416,157
98%
Strong
$1,842,991
$276,798
$862,572
$17,416,134
2045/46
$17,416,134
$17,501,702
100%
Strong
$1,879,869
$294,469
$1,288,075
$18,302,397
14
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Reserve Item Listing
This table lists the components surveyed as part of this study. We have used a $10,000 threshold for
items included in this model. Any assets with a replacement cost below $10,000 are considered
"Operational" and are not included in this study.
Column 6 - Unit: This column identifies the unit basis by which the component was measured.
Column 8 - EL: This column shows the typical life expectancy for each component from installation or
since last major renovation date.
Column 9 - RUL: This column gives the approximate number of years remaining before
repair/replacement is necessary. * Any items with a 0 are planned for repair/replacement during
FY2016/17.
Column 10 - Current Replace Cost: This column lists the expected replacement and or repair cost for
each line item in today's dollars.
TCTH001
Town Hall
Mechanical
Hydraulic Elevator - Modernize
1
Unit
$48,700
30
19
$48,700
TCTH002
Town Hall
Mechanical
Air Handling Units - Replace
2
Unit
$120,000
25
14
$240,000
TCTH003
Town Hall
Mechanical
VAV Boxes - Replace/Upgrade
40
Unit
$950
25
14
$38,000
TCTH004
Town Hall
Mechanical
Standby Generator - Replace
1
Unit
$60,000
30
14
$60,000
TCTH005
Town Hall
Roofing
SPF Roofing - Replace
17,200
Sq Ft
$4
30
19
$68,800
TCTH006
Town Hall
Roofing
SPF Roofing - Recoat
17,200
Sq Ft
$1
5
=
$20,640
TCTH007
Town Hall
Roofing
Skylight System - Replace
380
Sq Ft
$52
30
19
$19,760
TCTH008
Town Hall
Paint -Exterior
Exterior Surface - Paint/Recoat
16,800
Sq Ft
$2
15
4
$33,600
TCTH009
Town Hall
Paint -Interior
Interior Surfaces - Paint
2
Floors
$30,200
12
1
$60,425
TCTH010
Town Hall
Flooring
Carpet - Replace
20,600
Sq Ft
$5
12
1
$92,700
TCTH011
Town Hall
Flooring
Ceramic Tile - Replace
3,100
Sq Ft
$15
25
14
$46,500
TCTH012
Town Hall
Flooring
VCT - Replace
4,230
Sq Ft
$4
25
14
$14,805
TCTH013
Town Hall
Furniture
Desks & Tables - Replace
86
Pieces
$736
20
9
$63,300
TCTH014
Town Hall
Lighting
Interior Lighting - Upgrade/Retrofit
1
LS
$99,800
20
9
$99,800
TCTH015
Town Hall
Remodel
1st & 2nd Floor RR's - Remodel
4
Unit
$16,500
25
14
$65,895
TCTH016
Town Hall
Remodel
DPS Locker Room - Remodel
1
Unit
$17,200
25
14
$17,200
TCTH017
Town Hall
Remodel
Interior Cabinetry - Remodel
1
LS
$46,000
25
14
$46,000
15
Town of Fountain Hills Development Services
Level I - Full Reserve Study
TCCC001
Com Center
Mechanical
Fan Coil Units - Replace
14
Unit
$4,900
25
10
$68,450
TCCC002
Com Center
Mechanical
Air Handling Units - Replace
8
Unit
$22,600
25
10
$180,730
TCCC003
Com Center
Kitchen Equip.
Exhaust/Fire Hood - Replace
1
Unit
$15,000
30
15
$15,000
TCCC004
Com Center
Kitchen Equip.
Convection Ovens - Replace
2
Unit
$5,000
15 =
$10,000
TCCC005
Com Center
Kitchen Equip.
SS Tables & Carts - Replace
49
Pieces
$600
25
10
$29,800
TCCC006
Com Center
Kitchen Equip.
Cooking Equipment - Replace
9
Pieces
$3,300
18
3
$30,000
TCCC007
Com Center
Roofing
SPF Roofing - Replace
30,100
Sq Ft
$4
30
15
$120,400
TCCC008
Com Center
Roofing
SPF Roofing - Recoat
30,100
Sq Ft
$1
5
2
$36,120
TCCC009
Com Center
Paint -Exterior
Exterior Surface - Paint
22,410
Sq Ft
$2
10
1
$44,820
TCCC010
Com Center
Paint -Interior
Interior Surfaces - Paint
1
LS
$69,700
12
8
$69,700
TCCC011
Com Center
Flooring
Carpet - Replace
16,600
Sq Ft
$5
10
2
$74,700
TCCC012
Com Center
Flooring
Ceramic Tile - Replace
8,100
Sq Ft
$15
25
10
$121,500
TCCC013
Com Center
Flooring
VCT - Replace (Rm 110/Seminar/Game)
2,616
Sq Ft
$4
25
10
$10,000
TCCC014
Com Center
Flooring
VCT - Replace (Rms 114/115)
1,884
Sq Ft
$4
25
23
TCCC015
Com Center
Flooring
Epoxy - Recoat (Kitchen Area)
2,800
Sq Ft
$5
20
5
$14,000
TCCC016
Com Center
Partitions
Operable Walls - Replace
2,840
Sq Ft
$45
25
10
$127,800
TCCC017
Com Center
Lighting
Interior Lighting - Upgrade/Retrofit
1
LS
$90,800
20
5
$90,800
TCCC018
Com Center
Remodel
Restrooms - Remodel
2
Unit
$60,900
25
10
$60,900
TCCC019
Com Center
Remodel
Interior Cabinetry - Remodel
1
LS
$44,640
25
10
$44,640
TCLM001
Lib./Museum
Mechanical
Fan Coil Units - Replace
8
Unit
$5,700
25
10
$45,750
TCLM002
Lib./Museum
Mechanical
Air Handling Units - Replace
4
Unit
$26,600
25
10
$106,420
TCLM003
Lib./Museum
Roofing
SPF Roofing - Replace
21,600
Sq Ft
$4
30
15
$86,400
TCLM004
Lib./Museum
Roofing
SPF Roofing - Recoat
21,600
Sq Ft
$1
5
2
$25,920
TCLM005
Lib./Museum
Paint -Exterior
Exterior Surface - Paint
16,770
Sq Ft
$2
10
1
$33,540
TCLM006
Lib./Museum
Paint -Interior
Interior Surfaces - Paint
1
LS
$39,100
12
8
$39,100
TCLM007
Lib./Museum
Flooring
Carpet - Replace
15,700
Sq Ft
$5
10
6
$70,650
TCLM008
Lib./Museum
Flooring
Ceramic Tile - Replace
900
Sq Ft
$15
25
10
$13,500
TCLM009
Lib./Museum
Lighting
Interior Lighting - Upgrade/Retrofit
1
LS
$85,600
20
5
$85,600
TCLM010
Lib./Museum
Remodel
Restrooms - Remodel
2
Unit
$18,550
25
10
$37,100
TCLM011
Lib./Museum
Remodel
Interior Cabinetry - Remodel
1
LS
$17,570
25
10
$17,570
TCPP001
Physical Plant
Mechanical
Cooling Tower - Replace (#2)
1
Unit
$42,000
15
14
$42,000
TCPP002
Physical Plant
Mechanical
Cooling Tower - Replace (#3)
1
Unit
$42,000
15
14
$42,000
TCPP003
Physical Plant
Mechanical
Water -Cooled Chiller - Install
1
Unit
$165,000
30
30
$165,000
TCPP004
Physical Plant
Mechanical
Water -Cooled Chillers - Replace
2
Unit
$110,000
30
15
$220,000
TCPP005
Physical Plant
Mechanical
Water -Cooled Chillers - Repair
2
Unit
$10,000
10
5
$20,000
TCPP006
Physical Plant
Mechanical
Circulating Pumps - Replace (CHP4&5)
2
Unit
$15,400
15 =
$30,800
TCPP007
Physical Plant
Mechanical
Circulating Pumps - Repair/Replace
1
LS
$10,000
5
2
$10,000
TCPP008
Physical Plant
Mechanical
Heat Exchanger - Replace
1
Unit
$38,000
30
15
$38,000
TCGR001
Civic Center
Grounds
Shade Screens - Replace
6,500
Sq Ft
$8
10
9
$48,750
TCGR002
Civic Center
Lib./Musm./CC
Pole Lights - Replace
53
Unit
$1,000
30
15
$53,000
16
Town of Fountain Hills Development Services
Level I - Full Reserve Study
TCGR003
Civic Center
Town Hall
Pole Lights - Replace
14
Unit
$1,000
20
9
$14,000
TCGR004
Civic Center
Town Hall
Asphalt - Mill & Overlay
32,000
Sq Ft
$2
24
13
$48,000
TCGR005
Civic Center
Lib./Musm./CC
Asphalt - Mill & Overlay
155,000
Sq Ft
$2
24
9
$232,500
TCGR006
Civic Center
All
Asphalt - Slurry Seal
187,000
Sq Ft
$0
$53,295
TCGR007
Civic Center
All
Asphalt - Seal + Stripe
187,000
Sq Ft
$0
4
10
$22,440
TCGR008
Civic Center
Grounds
Surveillance System - Replace
1
Unit
$29,000
10
6
$29,000
TCGR009
Civic Center
Grounds
Modular Building - Replace
1
Unit
$145,000
25
23
$145,000
FS12001
Sta. #1 & #2
Equipment
Defibrillators - Replace
4
Unit
$20,000
10
3
$80,000
FS12002
Sta. #1 & #2
Equipment
Extrication Equipment - Replace
2
Unit
$30,000
12
5
$60,000
FS12003
Sta. #1 & #2
Equipment
SCBA Equipment - Replace
20
Unit
$4,000
10
8
$80,000
FS12004
Sta. #1 & #2
Equipment
Vehicle Radios - Replace
14
Unit
$3,000
10
3
$42,000
FS12005
Sta. #1 & #2
Equipment
Thermal Image Cameras - Replace
3
Unit
$10,000
10
5
$30,000
FS12006
Sta. #1 & #2
Equipment
Personal Radios - Replace
12
Unit
$9,000
10
4
$108,000
FS12007
Sta. #1 & #2
Equipment
SCBA Air Compressor - Replace
1
Unit
$65,000
20
1
$65,000
FS12008
Sta. #1 & #2
Equipment
Standby Generators - Replace
2
Unit
$43,000
30
24
$86,000
FS12009
Sta. #1 & #2
Equipment
Fire Hoses - Replace
1
LS
$25,000
10
5
$25,000
FSALL001
Throughout
Equipment
AED Defibrillators - Replace
27
Unit
$1,500
10
1
$40,000
FS03001
Station #3
Equipment
Defibrillators - Replace
1
Unit
$20,000
10
16
$20,000
FS03002
Station #3
Equipment
Extrication Equipment - Replace
1
Unit
$30,000
12
18
$30,000
FS03003
Station #3
Equipment
SCBA Equipment - Replace
6
Unit
$4,000
10
16
$24,000
FS03004
Station #3
Equipment
Vehicle Radios - Replace
2
Unit
$5,000
10
16
$10,000
FS03005
Station #3
Equipment
Thermal Image Cameras - Replace
1
Unit
$10,000
10
16
$10,000
FS03006
Station #3
Equipment
Personal Radios - Replace
5
Unit
$9,000
7
13
$45,000
FS01001
Station #1
Remodel
Interior Surfaces - Remodel
1
LS
$60,000
25
24
$60,000
FS01002
Station #1
Remodel
Bunkhouse - Remodel
1
LS
$20,000
25
22
$20,000
FS01003
Station #1
Roofing
SPF Roofing - Replace (1991)
3,500
Sq Ft
$4
30
5
$14,000
FS01004
Station #1
Parking Lot
Asphalt - Mill & Overlay (1991)
22,200
Sq Ft
$2
24
2
$33,300
FS01005
Station #1
Parking Lot
Asphalt - Mill & Overlay (2005)
6,280
Sq Ft
$2
24
13
$10,000
FS02001
Station #2
Remodel
Interior Surfaces - Remodel
1
LS
$80,000
25
25
$80,000
FS02002
Station #2
Roofing
SPF Roofing - Replace
7,980
Sq Ft
$4
30
30
$31,920
FS02003
Station #2
Roofing
SPF Roofing - Recoat
7,980
Sq Ft
$1
5
10
$10,000
FS02004
Station #2
Parking Lot
Asphalt - Mill & Overlay
25,000
Sq Ft
$2
24
24
$37,500
FS03007
Station #3
Remodel
Interior Surfaces - Remodel
1
LS
$80,000
25
31
$80,000
FS03008
Station #3
Roofing
SPF Roofing - Replace
7,980
Sq Ft
$4
30
36
$31,920
FS03009
Station #3
Roofing
SPF Roofing - Recoat
7,980
Sq Ft
$1
5
21
$10,000
FS03010
Station #3
Parking Lot
Asphalt - Mill & Overlay
25,000
Sq Ft
$2
24
30
$37,500
FS03011
Station #3
Equipment
Standby Generator - Replace
1
Unit
$43,000
30
36
$43,000
PKFT001 Fountain Park Lake Lake Liner- Rehabilitate 23.50 Acres $104,004 30 14 $2,444,100
17
Town of Fountain Hills Development Services
Level I - Full Reserve Study
PKFT002
Fountain Park
Lake
Shoreline - Repairs
6,060
LF
$56
20
4
$33,940
PKFT003
Fountain Park
Lake
Aeration Circ. Pumps - Replace
10
Unit
$3,500
10
10
$35,000
PKFT004
Fountain Park
Pump House
Aeration Control Panel - Replace
1
Unit
$19,000
15
15
$19,000
PKFT005
Fountain Park
Pump House
Ftn. Pump/Motor - Replace #1
1
Unit
$130,000
25
7
$130,000
PKFT006
Fountain Park
Pump House
Ftn. Pump/Motor - Rebuild #1
1
Unit
$45,000
5
1
$45,000
PKFT007
Fountain Park
Pump House
Ftn. Pump/Motor - Replace #2
1
Unit
$130,000
25
7
$130,000
PKFT008
Fountain Park
Pump House
Ftn. Pump/Motor - Rebuild #2
1
Unit
$45,000
5
5
$45,000
PKFT009
Fountain Park
Pump House
Ftn. Pump/Motor - Replace #3
1
Unit
$130,000
25
7
$130,000
PKFT010
Fountain Park
Pump House
Ftn. Pump/Motor - Rebuild #3
1
Unit
$45,000
5
3
$45,000
PKFT012
Fountain Park
Pump House
Irrigation Pumps - Replace
2
Unit
$12,000
25
17
$24,000
PKFT013
Fountain Park
Pump House
Irrigation Pump/Motors - Rebuild
2
Unit
$5,000
5
=
$10,000
PKFT014
Fountain Park
Pump House
Flowtronex Control Panel - Replace
1
Unit
$30,000
20
12
$30,000
PKFT015
Fountain Park
Pump House
Fertigation System - Replace
1
Unit
$20,000
10
2
$20,000
PKFT016
Fountain Park
Parking Lot West
Asphalt - Mill & Overlay
38,000
Scl Ft
$2
24
5
$57,000
PKFT017
Fountain Park
Parking Lot West
Pole Lights - Replace
9
Unit
$2,500
30
11
$22,500
PKFT018
Fountain Park
Parking Lot East
Asphalt - Mill & Overlay
22,500
Scl Ft
$2
24
23
$33,750
PKFT019
Fountain Park
Parking Lot East
Pole Lights - Replace
8
Unit
$2,500
30
29
$20,000
PKFT020
Fountain Park
Restrooms
Restroom Building - Remodel
1
LS
$20,400
25
9
$20,400
PKFT021
Fountain Park
Restrooms
Metal Roof- Replace
1,200
Scl Ft
$11
30
14
$13,200
PKFT022
Fountain Park
Grounds
Play Structures - Replace
2
Unit
$50,000
20
8
$100,000
PKFT023
Fountain Park
Grounds
Shade Screens - Replace (A)
1,750
Scl Ft
$8
10
7
$13,125
PKFT024
Fountain Park
Grounds
Shade Screens - Replace (B)
1,750
Scl Ft
$8
10
=
$13,125
PKFT025
Fountain Park
Grounds
Splash Pad - Renovate/Upgrade
1
LS
$125,000
20
10
$125,000
PKFT026
Fountain Park
Grounds
Ramada Roofs - Replace
3,150
Scl Ft
$18
30
18
$56,700
PKFT027
Fountain Park
Grounds
Bollard Lights - Replace
287
Unit
$500
20
19
$143,500
PKFT028
Fountain Park
Grounds
Benches - Replace
36
Unit
$1,000
10
=
$36,000
PKFT029
Fountain Park
Grounds
Picnic Tables - Replace
12
Unit
$900
10
2
$10,800
PKFT030
Fountain Park
Grounds
Irrigation System - Refurbish
1
LS
$250,000
20
12
$250,000
PKFT031
Fountain Park
Grounds
Irrig. Cluster Control Unit - Replace
1
Unit
$12,000
10
2
$12,000
PKGE001
Golden Eagle
Parking Lots
Asphalt - Mill & Overlay
82,600
Scl Ft
$2
24
8
$123,900
PKGE002
Golden Eagle
Parking Lots
Asphalt - Slurry Seal
82,600
Scl Ft
$0
$23,100
PKGE003
Golden Eagle
Parking Lots
Asphalt - Seal + Stripe
82,600
Scl Ft
$0
8
9
$10,000
PKGE004
Golden Eagle
Parking Lot
Pole Lights - Replace
30
Unit
$2,500
30
11
$75,000
PKGE005
Golden Eagle
Ball Fields
Backstops - Replace (#1-3)
3
Unit
$30,000
25
2
$90,000
PKGE006
Golden Eagle
Ball Fields
Backstops - Replace (#4)
1
Unit
$30,000
25
6
$30,000
PKGE007
Golden Eagle
Ball Fields
Chain Link Fence - Replace
3,700
LF
$30
30
11
$111,000
PKGE008
Golden Eagle
Ball Fields
Seating - Replace (Benches/Bleachers)
16
Unit
$13,600
20
1
$13,600
PKGE009
Golden Eagle
Ball Fields
Field Lighting - Replace
20
Unit
$25,000
30
11
$500,000
PKGE010
Golden Eagle
Ball Fields
Lighting Control Panels - Replace
2
Unit
$16,000
15
12
$32,000
PKGE011
Golden Eagle
Ball Fields
Scoreboards - Replace
3
Unit
$20,000
15
12
$60,000
Town of Fountain Hills Development Services
Level I - Full Reserve Study
PKGE012
Golden Eagle
Ball Fields
Irrigation System - Refurbish
1
LS
$140,000
20
1
$140,000
PKGE013
Golden Eagle
Ball Fields
Irrigation Controllers - Replace
4
Unit
$4,000
10
=
$16,000
PKGE014
Golden Eagle
Ball Fields
Irrigation Pump - Replace #1
1
Unit
$10,000
25
6
$10,000
PKGE015
Golden Eagle
Ball Fields
Irrigation Pump - Replace #2
1
Unit
$10,000
25
20
$10,000
PKGE016
Golden Eagle
Grounds
Metal Roofs - Replace
5,000
Sq Ft
$11
30
11
$55,000
PKGE017
Golden Eagle
Grounds
Pedestrian Bridge - Replace
1
Unit
$40,000
25
6
$40,000
PKGE018
Golden Eagle
Grounds
Picnic Tables - Replace
23
Unit
$900
12
6
$20,700
PKGE019
Golden Eagle
Grounds
Tennis Courts - Replace
4
Unit
$30,000
0
4
$120,000
PKGE020
Golden Eagle
Grounds
Tennis Courts - Seal/Crack Fill
4
Unit
$6,300
8
8
$25,200
PKGE021
Golden Eagle
Grounds
Tennis Lights - Replace
24
Unit
$2,500
30
11
$60,000
PKGE022
Golden Eagle
Grounds
Tennis Fence - Replace
4
Unit
$14,500
30
11
$58,000
PKGE023
Golden Eagle
Grounds
Tennis Fence - Repaint
4
Unit
$3,200
8
4
$12,800
PKGE024-1
Golden Eagle
Grounds
Play Structure - Replace (2016)
1
Unit
$50,000
20
19
$50,000
PKGE024
Golden Eagle
Grounds
Play Structures - Replace
2
Unit
$40,000
20
1
$80,000
PKGE025
Golden Eagle
Grounds
Shade Screens - Replace
3,200
Sq Ft
$9
10
=
$28,800
PKGE026
Golden Eagle
RR Building
RR/Control Building - Remodel
1
LS
$31,000
25
6
$31,000
PKFP001
Four Peaks
Parking Lot
Asphalt - Mill & Overlay
24,000
Sq Ft
$2
24
6
$36,000
PKFP002
Four Peaks
Grounds
Pole Lights - Replace (Area)
17
Unit
$2,500
30
12
$42,500
PKFP003
Four Peaks
Grounds
Pole Lights - Replace (Field)
15
Unit
$25,000
30
12
$375,000
PKFP004
Four Peaks
Grounds
Lighting Control Panel - Replace
1
Unit
$16,000
15
13
$16,000
PKFP005
Four Peaks
Grounds
Backstops - Replace
2
Unit
$30,000
25
15
$60,000
PKFP006
Four Peaks
Grounds
Chain Link Fence - Replace
2,000
LF
$30
30
12
$60,000
PKFP007
Four Peaks
Grounds
Decorative Metal Fence - Replace
640
LF
$45
30
12
$28,800
PKFP008
Four Peaks
Grounds
Irrigation System - Refurbish
1
LS
$105,000
20
2
$105,000
PKFP009
Four Peaks
Grounds
Irrigation Controllers - Replace
4
Unit
$4,000
10
=
$16,000
PKFP010
Four Peaks
Grounds
Metal Roofs - Replace
1,400
Sq Ft
$11
30
12
$15,400
PKFP011
Four Peaks
Grounds
Pedestrian Bridge - Replace
1
Unit
$80,000
25
7
$80,000
PKFP012
Four Peaks
Grounds
Tennis Courts - Replace
2
Unit
$30,000
$60,000
PKFP013
Four Peaks
Grounds
Tennis Courts - Seal/Crack Fill
2
Unit
$6,300
8
8
$12,600
PKFP014
Four Peaks
Grounds
Tennis Fence - Replace
2
Unit
$14,500
30
12
$29,000
PKFP015
Four Peaks
Grounds
Play Structures - Replace
2
Unit
$40,000
20
9
$80,000
PKFP016
Four Peaks
Grounds
Shade Screens - Replace
2,990
Sq Ft
$9
10
8
$26,910
PKFP017
Four Peaks
Grounds
RR/Control Building - Remodel
1
LS
$24,900
25
7
$24,900
PKDV001
Desert Vista
Parking Lot
Asphalt - Mill & Overlay
24,000
Sq Ft
$2
24
16
$36,000
PKDV002
Desert Vista
Grounds
Pole Lights - Replace (Area)
59
Unit
$2,500
30
22
$147,500
PKDV003
Desert Vista
Grounds
Pole Lights - Replace (Field)
11
Unit
$25,000
30
22
$275,000
PKDV004
Desert Vista
Grounds
Lighting Control Panel - Replace
1
Unit
$16,000
15
7
$16,000
PKDV005
Desert Vista
Grounds
Chain Link Fence - Replace
2,100
LF
$30
30
21
$63,000
PKDV005-1
Desert Vista
Grounds
Metal Fence - Replace (Skate)
420
LF
$45
30
22
$18,900
PKDV006
Desert Vista
Grounds
Irrigation System - Refurbish
1
LS
$70,000
20
12
$70,000
19
Town of Fountain Hills Development Services
Level I - Full Reserve Study
PKDVO07
Desert Vista
Grounds
Irrigation Controllers - Replace
3
Unit
$4,000
10
$12,000
PKDVO08
Desert Vista
Grounds
Irrigation Pump - Replace
1
Unit
$15,000
25
8
$15,000
PKDVO09
Desert Vista
Grounds
Metal Roofs - Replace
3,000
Sq Ft
$11
30
22
$33,000
PKDVO10
Desert Vista
Grounds
Benches/Tables - Replace
18
Unit
$800
12
4
$14,400
PKDV011
Desert Vista
Grounds
Play Structures - Replace
2
Unit
$32,000
20
12
$64,000
PKDVO12
Desert Vista
Grounds
Shade Screens - Replace
1,458
Sq Ft
$9
10
1
$13,100
PKDVO13
Desert Vista
Grounds
RR/Control Building - Remodel
1
LS
$28,900
25
17
$28,900
PKLP001
Linear Park
Mechanical
Fountain Pumps - Replace
5
Unit
$3,000
10
8
$15,000
PKLP002
Linear Park
Fountains
Fountain Surfaces - Resurface
1,900
Sq Ft
$6
12
10
$10,450
PKLP003
Linear Park
Furniture
Park Furniture - Replace
31
Unit
$1,468
12
10
$45,500
PKLP004
Linear Park
Lighting
Pole Lights - Replace
25
Unit
$2,500
30
28
$62,500
PKLP005
Linear Park
Lighting
Bollard Lights - Replace
35
Unit
$500
20
18
$17,500
PKLP006
Linear Park
Grounds
Shade Screens - Replace
1,600
Sq Ft
$9
10
8
$14,400
PKLP007
Linear Park
Irrigation
Irrigation System - Refurbish
1
LS
$35,000
15
13
$35,000
CT00001
Comm Theater
Parking Lot
Pole Lights - Replace
10
Units
$1,000
30
8
$10,000
CT00002
Comm Theater
Parking Lot
Asphalt - Mill & Overlay
39,500
Sq Ft
$2
24
8
$59,250
CT00003
Comm Theater
Parking Lot
Asphalt - Slurry Seal
39,500
Sq Ft
$0
$11,060
CT00004
Comm Theater
Roofing
Tile Roofs - Refurbish
2,300
Sq Ft
$5
30
5
$11,500
CT00005
Comm Theater
Roofing
Built -Up Flat Roof - Replace
5,060
Sq Ft
$4
20.$18,975
CT00006
Comm Theater
Paint -Exterior
Exterior Surface - Paint
6,960
Sq Ft
$2
10
$13,920
KW00001
Kiwanis
Parking Lot
Asphalt - Mill & Overlay
13,160
Sq Ft
$2
24
5
$19,740
KW00002
Kiwanis
Parking Lot
Asphalt - Mill & Overlay
9,000
Sq Ft
$2
24
=
$13,500
KW00003
Kiwanis
Roofing
Built -Up Flat Roof - Replace
3,500
Sq Ft
$4
20
10
$13,125
KW00004
Kiwanis
Remodel
Interior Surfaces - Remodel
1
LS
$39,000
25
2
$39,000
20
Town of Fountain Hills Development Services
Level I - Full Reserve Study
21
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Expense Forecast by Year (2016/17-2030/31)
Location
Reserve Asset
2016/17
2017/18
2018/19
2019/20
2020/21
2021/22
2022/23
2023/24
2024/25
2025/26
2026/27
2027/28
2028/29
2029/30
2030/31
TOWN CENTER
Town Hall
Hydraulic Elevator - Modernize
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$363,022
Town Hall
VAV Boxes - Replace/Upgrade
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$57,478
Town Hall
Standby Generator - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$90,755
Town Hall
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
SPF Roofing - Recoat
$20,640
$0
$0
$0
$0
$23,927
$0
$0
$0
$0
$27,738
$0
$0
$0
$0
Town Hall
Skylight System - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Exterior Surface - Paint/Recoat
$0
$0
$0
$0
$37,817
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Interior Surfaces - Paint
$0
$62,237
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$88,736
$0
Town Hall
Carpet - Replace
$0
$95,481
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$136,133
$0
Town Hall
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$70,335
Town Hall
VCT - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$22,394
Town Hall
Desks & Tables - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$82,592
$0
$0
$0
$0
$0
Town Hall
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$0
$0
$0
$0
$130,216
$0
$0
$0
$0
$0
Town Hall
1st & 2nd Floor RR's - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$99,672
Town Hall
DPS Locker Room - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,017
Town Hall
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$69,579
Com Center
Fan Coil Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$91,991
$0
$0
$0
$0
Com Center
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$242,886
$0
$0
$0
$0
Com Center
Exhaust/Fire Hood - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Convection Ovens - Replace
$10,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SS Tables & Carts - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$40,049
$0
$0
$0
$0
Com Center
Cooking Equipment - Replace
$0
$0
$0
$32,782
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SPF Roofing - Recoat
$0
$0
$38,320
$0
$0
$0
$0
$44,423
$0
$0
$0
$0
$51,498
$0
$0
Com Center
Exterior Surface - Paint
$0
$46,165
$0
$0
$0
$0
$0
$0
$0
$0
$0
$62,041
$0
$0
$0
Com Center
Interior Surfaces - Paint
$0
$0
$0
$0
$0
$0
$0
$0
$88,294
$0
$0
$0
$0
$0
$0
Com Center
Carpet - Replace
$0
$0
$79,249
$0
$0
$0
$0
$0
$0
$0
$0
$0
$106,504
$0
$0
22
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Com Center
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$163,286
$0
$0
$0
$0
Com Center
VCT - Replace (Rm 110/Seminar/Game)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$13,439
$0
$0
$0
$0
Com Center
VCT - Replace (Rms 114/115)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Epoxy - Recoat (Kitchen Area)
$0
$0
$0
$0
$0
$16,230
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Operable Walls - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$171,753
$0
$0
$0
$0
Com Center
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$105,262
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Restrooms - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$81,845
$0
$0
$0
$0
Com Center
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$59,992
$0
$0
$0
$0
Lib./Museum
Fan Coil Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$61,484
$0
$0
$0
$0
Lib./Museum
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$143,020
$0
$0
$0
$0
Lib./Museum
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
SPF Roofing - Recoat
$0
$0
$27,499
$0
$0
$0
$0
$31,878
$0
$0
$0
$0
$36,956
$0
$0
Lib./Museum
Exterior Surface - Paint
$0
$34,546
$0
$0
$0
$0
$0
$0
$0
$0
$0
$46,427
$0
$0
$0
Lib./Museum
Interior Surfaces - Paint
$0
$0
$0
$0
$0
$0
$0
$0
$49,531
$0
$0
$0
$0
$0
$0
Lib./Museum
Carpet - Replace
$0
$0
$0
$0
$0
$0
$84,360
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$18,143
$0
$0
$0
$0
Lib./Museum
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$99,234
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Restrooms - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$49,859
$0
$0
$0
$0
Lib./Museum
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$23,613
$0
$0
$0
$0
Physical Plant
Cooling Tower - Replace (#2)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$63,529
Physical Plant
Cooling Tower - Replace (#3)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$63,529
Physical Plant
Water -Cooled Chiller - Install
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Water -Cooled Chillers - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Water -Cooled Chillers - Repair
$0
$0
$0
$0
$0
$23,185
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Circulating Pumps - Replace (CHP4&5)
$30,800
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Circulating Pumps - Repair/Replace
$0
$0
$10,609
$0
$0
$0
$0
$12,299
$0
$0
$0
$0
$14,258
$0
$0
Physical Plant
Heat Exchanger - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Shade Screens - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$63,608
$0
$0
$0
$0
$0
Civic Center
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$18,267
$0
$0
$0
$0
$0
Civic Center
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$70,490
$0
23
Location
Reserve Asset
2016/17
2017/18
2018/19
2019/20
2020/21
2021/22
2022/23
2023/24
2024/25
Town of Fountain Hills Development Services
Level I - Full Reserve Study
2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Civic Center
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$303,360
$0
$0
$0
$0
$0
Civic Center
Asphalt - Slurry Seal
$53,295
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Asphalt - Seal + Stripe
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$30,157
$0
$0
$0
$33,943
Civic Center
Surveillance System - Replace
$0
$0
$0
$0
$0
$0
$34,628
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Modular Building - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
FIRE STATIONS
Sta. #1 & #2
Defibrillators - Replace
$0
$0
$0
$87,418
$0
$0
$0
$0
$0
$0
$0
$0
$0
$117,483
$0
Sta. #1 & #2
Extrication Equipment - Replace
$0
$0
$0
$0
$0
$69,556
$0
$0
$0
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
SCBA Equipment - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$101,342
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Vehicle Radios - Replace
$0
$0
$0
$45,895
$0
$0
$0
$0
$0
$0
$0
$0
$0
$61,678
$0
Sta. #1 & #2
Thermal Image Cameras - Replace
$0
$0
$0
$0
$0
$34,778
$0
$0
$0
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Personal Radios - Replace
$0
$0
$0
$0
$121,555
$0
$0
$0
$0
$0
$0
$0
$0
$0
$163,360
Sta. #1 & #2
SCBA Air Compressor - Replace
$0
$66,950
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Standby Generators - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Fire Hoses - Replace
$0
$0
$0
$0
$0
$28,982
$0
$0
$0
$0
$0
$0
$0
$0
$0
Throughout
AED Defibrillators - Replace
$0
$41,200
$0
$0
$0
$0
$0
$0
$0
$0
$0
$55,369
$0
$0
$0
Station #3
Defibrillators - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Extrication Equipment - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SCBA Equipment - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Vehicle Radios - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Thermal Image Cameras - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Personal Radios - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$66,084
$0
Station #1
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #1
Bunkhouse - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #1
SPF Roofing - Replace (1991)
$0
$0
$0
$0
$0
$16,230
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #1
Asphalt - Mill & Overlay (1991)
$0
$0
$35,328
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #1
Asphalt - Mill & Overlay (2005)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,685
$0
Station #2
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #2
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #2
SPF Roofing - Recoat
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$13,439
$0
$0
$0
$0
Station #2
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
24
Location
Reserve Asset
2016/17
2017/18
2018/19
2019/20
2020/21
2021/22
2022/23
2023/24
2024/25
Town of Fountain Hills Development Services
Level I - Full Reserve Study
2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Station #3
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SPF Roofing - Recoat
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Standby Generator - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
PARKS
Fountain Park
Lake Liner - Rehabilitate
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$3,696,921
Fountain Park
Shoreline - Repairs
$0
$0
$0
$0
$38,200
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Aeration Circ. Pumps - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$47,037
$0
$0
$0
$0
Fountain Park
Aeration Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #1
$0
$0
$0
$0
$0
$0
$0
$159,884
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #1
$0
$46,350
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$64,159
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #2
$0
$0
$0
$0
$0
$0
$0
$159,884
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #2
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$64,159
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #3
$0
$0
$0
$0
$0
$0
$0
$159,884
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #3
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$64,159
$0
$0
Fountain Park
Irrigation Pumps - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Irrigation Pump/Motors - Rebuild
$10,000
$0
$0
$0
$0
$11,593
$0
$0
$0
$0
$13,439
$0
$0
$0
$0
Fountain Park
Flowtronex Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$42,773
$0
$0
Fountain Park
Fertigation System - Replace
$0
$0
$21,218
$0
$0
$0
$0
$0
$0
$0
$0
$0
$28,515
$0
$0
Fountain Park
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$66,079
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$31,145
$0
$0
$0
Fountain Park
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Restroom Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$26,617
$0
$0
$0
$0
$0
Fountain Park
Metal Roof- Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$19,966
Fountain Park
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$126,677
$0
$0
$0
$0
$0
$0
Fountain Park
Shade Screens - Replace (A)
$0
$0
$0
$0
$0
$0
$0
$16,142
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Shade Screens - Replace (B)
$13,125
$0
$0
$0
$0
$0
$0
$0
$0
$0
$17,639
$0
$0
$0
$0
Fountain Park
Splash Pad - Renovate/Upgrade
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$167,990
$0
$0
$0
$0
Fountain Park
Ramada Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
25
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Fountain Park
Bollard Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Benches - Replace
$36,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$48,381
$0
$0
$0
$0
Fountain Park
Picnic Tables - Replace
$0
$0
$11,458
$0
$0
$0
$0
$0
$0
$0
$0
$0
$15,398
$0
$0
Fountain Park
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$356,440
$0
$0
Fountain Park
Irrig. Cluster Control Unit - Replace
$0
$0
$12,731
$0
$0
$0
$0
$0
$0
$0
$0
$0
$17,109
$0
$0
Golden Eagle
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$156,953
$0
$0
$0
$0
$0
$0
Golden Eagle
Asphalt - Slurry Seal
$23,100
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Asphalt - Seal + Stripe
$0
$0
$0
$0
$0
$0
$0
$0
$0
$13,048
$0
$0
$0
$0
$0
Golden Eagle
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$103,818
$0
$0
$0
Golden Eagle
Backstops - Replace (#1-3)
$0
$0
$95,481
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Backstops - Replace (#4)
$0
$0
$0
$0
$0
$0
$35,822
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$153,650
$0
$0
$0
Golden Eagle
Seating - Replace (Benches/Bleachers)
$0
$14,008
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Field Lighting - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$692,117
$0
$0
$0
Golden Eagle
Lighting Control Panels - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$45,624
$0
$0
Golden Eagle
Scoreboards - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$85,546
$0
$0
Golden Eagle
Irrigation System - Refurbish
$0
$144,200
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Irrigation Controllers - Replace
$16,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$21,503
$0
$0
$0
$0
Golden Eagle
Irrigation Pump - Replace #1
$0
$0
$0
$0
$0
$0
$11,941
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Irrigation Pump - Replace #2
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$76,133
$0
$0
$0
Golden Eagle
Pedestrian Bridge - Replace
$0
$0
$0
$0
$0
$0
$47,762
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Picnic Tables - Replace
$0
$0
$0
$0
$0
$0
$24,717
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Courts - Replace
$0
$0
$0
$0
$135,061
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Courts - Seal/Crack Fill
$0
$0
$0
$0
$0
$0
$0
$0
$31,923
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$83,054
$0
$0
$0
Golden Eagle
Tennis Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$80,286
$0
$0
$0
Golden Eagle
Tennis Fence - Repaint
$0
$0
$0
$0
$14,407
$0
$0
$0
$0
$0
$0
$0
$18,250
$0
$0
Golden Eagle
Play Structure - Replace (2016)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Play Structures - Replace
$0
$82,400
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Shade Screens - Replace
$28,800
$0
$0
$0
$0
$0
$0
$0
$0
$0
$38,705
$0
$0
$0
$0
PV
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Golden Eagle
RR/Control Building - Remodel
$0
$0
$0
$0
$0
$0
$37,016
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$42,986
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Pole Lights - Replace (Area)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$60,595
$0
$0
Four Peaks
Pole Lights - Replace (Field)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$534,660
$0
$0
Four Peaks
Lighting Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$23,497
$0
Four Peaks
Backstops -Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$85,546
$0
$0
Four Peaks
Decorative Metal Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$41,062
$0
$0
Four Peaks
Irrigation System - Refurbish
$0
$0
$111,395
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Irrigation Controllers - Replace
$16,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$21,503
$0
$0
$0
$0
Four Peaks
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$21,957
$0
$0
Four Peaks
Pedestrian Bridge - Replace
$0
$0
$0
$0
$0
$0
$0
$98,390
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Tennis Courts - Replace
$60,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Tennis Courts - Seal/Crack Fill
$0
$0
$0
$0
$0
$0
$0
$0
$15,961
$0
$0
$0
$0
$0
$0
Four Peaks
Tennis Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$41,347
$0
$0
Four Peaks
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$104,382
$0
$0
$0
$0
$0
Four Peaks
Shade Screens - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$34,089
$0
$0
$0
$0
$0
$0
Four Peaks
RR/Control Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$30,624
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Pole Lights - Replace (Area)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Pole Lights - Replace (Field)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Lighting Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$19,678
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Metal Fence - Replace (Skate)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$99,803
$0
$0
Desert Vista
Irrigation Controllers - Replace
$12,000
$0
$0
$0
$0
$0
$0
$0
$0
$0
$16,127
$0
$0
$0
$0
Desert Vista
Irrigation Pump - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$19,002
$0
$0
$0
$0
$0
$0
Desert Vista
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Benches/Tables - Replace
$0
$0
$0
$0
$16,207
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$91,249
$0
$0
Desert Vista
Shade Screens - Replace
$0
$13,493
$0
$0
$0
$0
$0
$0
$0
$0
$0
$18,133
$0
$0
$0
PAN
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2016/17 2017/18 2018/19 2019/20 2020/21 2021/22 2022/23 2023/24 2024/25 2025/26 2026/27 2027/28 2028/29 2029/30 2030/31
Desert Vista
RR/Control Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Linear Park
Fountain Pumps - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$19,002
$0
$0
$0
$0
$0
$0
Linear Park
Fountain Surfaces - Resurface
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$14,044
$0
$0
$0
$0
Linear Park
Park Furniture - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$61,148
$0
$0
$0
$0
Linear Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Linear Park
Bollard Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Linear Park
Shade Screens - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$18,241
$0
$0
$0
$0
$0
$0
Linear Park
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$51,399
$0
COMM THEATER
Asphalt - Mill & Overlay
$13,500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$12,668
$0
$0
$0
$0
$0
$0
Comm Theater
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$75,056
$0
$0
$0
$0
$0
$0
Comm Theater
Asphalt - Slurry Seal
$11,060
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Tile Roofs - Refurbish
$0
$0
$0
$0
$0
$13,332
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Built -Up Flat Roof - Replace
$18,975
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Exterior Surface - Paint
$13,920
$0
$0
$0
$0
$0
$0
$0
$0
$0
$18,707
$0
$0
$0
$0
KIWANIS
Kiwanis
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$22,884
$0
$0
$0
$0
$0
$0
$0
$0
$0
Kiwanis
Asphalt - Mill & Overlay
$13,500
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Kiwanis
Built -Up Flat Roof - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$17,639
$0
$0
$0
$0
Kiwanis
Interior Surfaces - Remodel
$0
$0
$41,375
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Total Expenses
$387,215
$647,030
$484,662
$166,095
$363,247
$531,272
$319,230
$733,085
$748,737
$742,090
$1,736,555
$1,402,174
$1,987,568
$630,184
$4,840,499
0.11
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Expense Forecast by Year (2031/32-2045/46)
Location Reserve Asset 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
TOWN CENTER
Town Hall
Hydraulic Elevator - Modernize
$0
$0
$0
$0
$85,396
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
VAV Boxes - Replace/Upgrade
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Standby Generator - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
SPF Roofing - Replace
$0
$0
$0
$0
$120,641
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
SPF Roofing - Recoat
$32,156
$0
$0
$0
$0
$37,278
$0
$0
$0
$0
$43,216
$0
$0
$0
$0
Town Hall
Skylight System - Replace
$0
$0
$0
$0
$34,649
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Exterior Surface - Paint/Recoat
$0
$0
$0
$0
$58,918
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Interior Surfaces - Paint
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$126,516
$0
$0
$0
$0
Town Hall
Carpet - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$194,093
$0
$0
$0
$0
Town Hall
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
VCT - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Desks & Tables - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$149,171
Town Hall
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$235,185
Town Hall
1st & 2nd Floor RR's - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
DPS Locker Room - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Town Hall
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Fan Coil Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Exhaust/Fire Hood - Replace
$23,370
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Convection Ovens - Replace
$15,580
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SS Tables & Carts - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Cooking Equipment - Replace
$0
$0
$0
$0
$0
$0
$55,809
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SPF Roofing - Replace
$187,579
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
SPF Roofing - Recoat
$0
$0
$59,701
$0
$0
$0
$0
$69,210
$0
$0
$0
$0
$80,233
$0
$0
Com Center
Exterior Surface - Paint
$0
$0
$0
$0
$0
$0
$83,378
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Interior Surfaces - Paint
$0
$0
$0
$0
$0
$125,886
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Carpet - Replace
$0
$0
$0
$0
$0
$0
$0
$143,133
$0
$0
$0
$0
$0
$0
$0
PAO]
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Com Center
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
VCT - Replace (Rm 110/Seminar/Game)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
VCT - Replace (Rms 114/115)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Epoxy - Recoat (Kitchen Area)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$29,313
$0
$0
$0
$0
Com Center
Operable Walls - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$190,115
$0
$0
$0
$0
Com Center
Restrooms - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Com Center
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Fan Coil Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Air Handling Units - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
SPF Roofing - Replace
$134,608
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
SPF Roofing - Recoat
$0
$0
$42,842
$0
$0
$0
$0
$49,665
$0
$0
$0
$0
$57,576
$0
$0
Lib./Museum
Exterior Surface - Paint
$0
$0
$0
$0
$0
$0
$62,394
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Interior Surfaces - Paint
$0
$0
$0
$0
$0
$70,619
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Carpet - Replace
$0
$113,373
$0
$0
$0
$0
$0
$0
$0
$0
$0
$152,363
$0
$0
$0
Lib./Museum
Ceramic Tile - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Interior Lighting - Upgrade/Retrofit
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$179,227
$0
$0
$0
$0
Lib./Museum
Restrooms - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Lib./Museum
Interior Cabinetry - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Cooling Tower - Replace (#2)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$98,976
Physical Plant
Cooling Tower - Replace (#3)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$98,976
Physical Plant
Water -Cooled Chiller - Install
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Water -Cooled Chillers - Replace
$342,753
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Water -Cooled Chillers - Repair
$31,159
$0
$0
$0
$0
$0
$0
$0
$0
$0
$41,876
$0
$0
$0
$0
Physical Plant
Circulating Pumps - Replace (CHP4&5)
$47,985
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Physical Plant
Circulating Pumps - Repair/Replace
$0
$0
$16,528
$0
$0
$0
$0
$19,161
$0
$0
$0
$0
$22,213
$0
$0
Physical Plant
Heat Exchanger - Replace
$59,203
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Shade Screens - Replace
$0
$0
$0
$0
$85,483
$0
$0
$0
$0
$0
$0
$0
$0
$0
$114,883
Civic Center
Pole Lights - Replace
$82,572
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$32,992
Civic Center
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
011
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location
Reserve Asset
2031/32
2032/33
2033/34
2034/35
2035/36
2036/37
2037/38
2038/39
2039/40
2040/41
2041/42
2042/43
2043/44
2044/45
2045/46
Civic Center
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Asphalt - Slurry Seal
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Civic Center
Asphalt - Seal + Stripe
$0
$0
$0
$38,203
$0
$0
$0
$42,997
$0
$0
$0
$48,394
$0
$0
$0
Civic Center
Surveillance System - Replace
$0
$46,536
$0
$0
$0
$0
$0
$0
$0
$0
$0
$62,541
$0
$0
$0
Civic Center
Modular Building - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$286,170
$0
$0
$0
$0
$0
$0
FIRE STATIONS
Sta. #1 & #2
Defibrillators - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$157,887
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Extrication Equipment - Replace
$0
$0
$99,171
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$141,394
Sta. #1 & #2
SCBA Equipment - Replace
$0
$0
$0
$136,195
$0
$0
$0
$0
$0
$0
$0
$0
$0
$183,034
$0
Sta. #1 & #2
Vehicle Radios - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$82,891
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Thermal Image Cameras - Replace
$46,739
$0
$0
$0
$0
$0
$0
$0
$0
$0
$62,813
$0
$0
$0
$0
Sta. #1 & #2
Personal Radios - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$219,542
$0
$0
$0
$0
$0
Sta. #1 & #2
SCBA Air Compressor - Replace
$0
$0
$0
$0
$0
$0
$120,919
$0
$0
$0
$0
$0
$0
$0
$0
Sta. #1 & #2
Standby Generators - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$174,820
$0
$0
$0
$0
$0
Sta. #1 & #2
Fire Hoses - Replace
$38,949
$0
$0
$0
$0
$0
$0
$0
$0
$0
$52,344
$0
$0
$0
$0
Throughout
AED Defibrillators - Replace
$0
$0
$0
$0
$0
$0
$74,412
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Defibrillators - Replace
$0
$32,094
$0
$0
$0
$0
$0
$0
$0
$0
$0
$43,132
$0
$0
$0
Station #3
Extrication Equipment - Replace
$0
$0
$0
$51,073
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SCBA Equipment - Replace
$0
$38,513
$0
$0
$0
$0
$0
$0
$0
$0
$0
$51,758
$0
$0
$0
Station #3
Vehicle Radios - Replace
$0
$16,047
$0
$0
$0
$0
$0
$0
$0
$0
$0
$21,566
$0
$0
$0
Station #3
Thermal Image Cameras - Replace
$0
$16,047
$0
$0
$0
$0
$0
$0
$0
$0
$0
$21,566
$0
$0
$0
Station #3
Personal Radios - Replace
$0
$0
$0
$0
$0
$81,275
$0
$0
$0
$0
$0
$0
$99,958
$0
$0
Station #1
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$121,968
$0
$0
$0
$0
$0
Station #1
Bunkhouse - Remodel
$0
$0
$0
$0
$0
$0
$0
$38,322
$0
$0
$0
$0
$0
$0
$0
Station #1
SPF Roofing - Replace (1991)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #1
Asphalt - Mill & Overlay (1991)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$71,814
$0
$0
$0
Station #1
Asphalt - Mill & Overlay (2005)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #2
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$167,502
$0
$0
$0
$0
Station #2
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #2
SPF Roofing - Recoat
$15,580
$0
$0
$0
$0
$18,061
$0
$0
$0
$0
$20,938
$0
$0
$0
$0
Station #2
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$76,230
$0
$0
$0
$0
$0
31
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location
Reserve Asset
2031/32
2032/33
2033/34
2034/35
2035/36
2036/37
2037/38
2038/39
2039/40
2040/41
2041/42
2042/43
2043/44
2044/45
2045/46
Station #3
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SPF Roofing - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
SPF Roofing - Recoat
$0
$0
$0
$0
$0
$0
$18,603
$0
$0
$0
$0
$21,566
$0
$0
$0
Station #3
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Station #3
Standby Generator - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
PARKS
Fountain Park
Lake Liner- Rehabilitate
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Shoreline - Repairs
$0
$0
$0
$0
$0
$0
$0
$0
$0
$68,993
$0
$0
$0
$0
$0
Fountain Park
Aeration Circ. Pumps - Replace
$0
$0
$0
$0
$0
$63,214
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Aeration Control Panel - Replace
$29,601
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #1
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #1
$0
$0
$74,378
$0
$0
$0
$0
$86,225
$0
$0
$0
$0
$99,958
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #2
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #2
$0
$0
$74,378
$0
$0
$0
$0
$86,225
$0
$0
$0
$0
$99,958
$0
$0
Fountain Park
Ftn. Pump/Motor - Replace #3
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ftn. Pump/Motor - Rebuild #3
$0
$0
$74,378
$0
$0
$0
$0
$86,225
$0
$0
$0
$0
$99,958
$0
$0
Fountain Park
Irrigation Pumps - Replace
$0
$0
$39,668
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Irrigation Pump/Motors - Rebuild
$15,580
$0
$0
$0
$0
$18,061
$0
$0
$0
$0
$20,938
$0
$0
$0
$0
Fountain Park
Flowtronex Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Fertigation System - Replace
$0
$0
$0
$0
$0
$0
$0
$38,322
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$134,324
Fountain Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$66,609
$0
$0
$0
$0
$0
$0
Fountain Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$47,131
Fountain Park
Restroom Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Metal Roof- Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$228,793
$0
Fountain Park
Shade Screens - Replace (A)
$0
$0
$21,694
$0
$0
$0
$0
$0
$0
$0
$0
$0
$29,154
$0
$0
Fountain Park
Shade Screens - Replace (B)
$0
$0
$0
$0
$0
$23,705
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Splash Pad - Renovate/Upgrade
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Ramada Roofs - Replace
$0
$0
$0
$96,528
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
32
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Fountain Park
Bollard Lights - Replace
$0
$0
$0
$0
$251,628
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Benches -Replace
$0
$0
$0
$0
$0
$65,020
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Picnic Tables - Replace
$0
$0
$0
$0
$0
$0
$0
$20,694
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Fountain Park
Irrig. Cluster Control Unit - Replace
$0
$0
$0
$0
$0
$0
$0
$22,993
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Asphalt - Slurry Seal
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Asphalt - Seal + Stripe
$0
$0
$16,528
$0
$0
$0
$0
$0
$0
$0
$20,938
$0
$0
$0
$0
Golden Eagle
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Backstops - Replace (#1-3)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$199,916
$0
$0
Golden Eagle
Backstops - Replace (#4)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Seating - Replace (Benches/Bleachers)
$0
$0
$0
$0
$0
$0
$25,300
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Field Lighting - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Lighting Control Panels - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$71,081
$0
$0
Golden Eagle
Scoreboards - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$133,277
$0
$0
Golden Eagle
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$260,441
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Irrigation Controllers - Replace
$0
$0
$0
$0
$0
$28,898
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Irrigation Pump - Replace #1
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Irrigation Pump - Replace #2
$0
$0
$0
$0
$0
$18,061
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Pedestrian Bridge - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Picnic Tables - Replace
$0
$0
$0
$35,240
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Courts - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Courts - Seal/Crack Fill
$0
$40,439
$0
$0
$0
$0
$0
$0
$0
$51,226
$0
$0
$0
$0
$0
Golden Eagle
Tennis Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Tennis Fence - Repaint
$0
$0
$0
$0
$0
$23,118
$0
$0
$0
$0
$0
$0
$0
$29,285
$0
Golden Eagle
Play Structure - Replace (2016)
$0
$0
$0
$0
$87,675
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$148,824
$0
$0
$0
$0
$0
$0
$0
$0
Golden Eagle
Shade Screens - Replace
$0
$0
$0
$0
$0
$52,016
$0
$0
$0
$0
$0
$0
$0
$0
$0
33
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location Reserve Asset 2031/32 2032/33 2033/34 2034/35 2035/36 2036/37 2037/38 2038/39 2039/40 2040/41 2041/42 2042/43 2043/44 2044/45 2045/46
Golden Eagle
RR/Control Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Pole Lights - Replace (Area)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Pole Lights - Replace (Field)
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Lighting Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$36,607
$0
Four Peaks
Backstops -Replace
$93,478
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Decorative Metal Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$201,191
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Irrigation Controllers - Replace
$0
$0
$0
$0
$0
$28,898
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Pedestrian Bridge - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Tennis Courts - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Tennis Courts - Seal/Crack Fill
$0
$20,219
$0
$0
$0
$0
$0
$0
$0
$25,613
$0
$0
$0
$0
$0
Four Peaks
Tennis Fence - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Four Peaks
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$188,525
Four Peaks
Shade Screens - Replace
$0
$0
$0
$45,812
$0
$0
$0
$0
$0
$0
$0
$0
$0
$61,568
$0
Four Peaks
RR/Control Building - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Asphalt - Mill & Overlay
$0
$57,769
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Pole Lights - Replace (Area)
$0
$0
$0
$0
$0
$0
$0
$282,625
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Pole Lights - Replace (Field)
$0
$0
$0
$0
$0
$0
$0
$526,928
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Lighting Control Panel - Replace
$0
$0
$0
$0
$0
$0
$0
$30,658
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Chain Link Fence - Replace
$0
$0
$0
$0
$0
$0
$117,199
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Metal Fence - Replace (Skate)
$0
$0
$0
$0
$0
$0
$0
$36,214
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Irrigation Controllers - Replace
$0
$0
$0
$0
$0
$21,673
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Irrigation Pump - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Metal Roofs - Replace
$0
$0
$0
$0
$0
$0
$0
$63,231
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Benches/Tables - Replace
$0
$23,108
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$32,946
$0
Desert Vista
Play Structures - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Desert Vista
Shade Screens - Replace
$0
$0
$0
$0
$0
$0
$24,370
$0
$0
$0
$0
$0
$0
$0
$0
051
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Location
Reserve Asset
2031/32
2032/33
2033/34
2034/35
2035/36
2036/37
2037/38
2038/39
2039/40
2040/41
2041/42
2042/43
2043/44
2044/45
2045/46
Desert Vista
RR/Control Building - Remodel
$0
$0
$47,767
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Linear Park
Fountain Pumps - Replace
$0
$0
$0
$25,536
$0
$0
$0
$0
$0
$0
$0
$0
$0
$34,319
$0
Linear Park
Fountain Surfaces - Resurface
$0
$0
$0
$0
$0
$0
$0
$20,023
$0
$0
$0
$0
$0
$0
$0
Linear Park
Park Furniture - Replace
$0
$0
$0
$0
$0
$0
$0
$87,183
$0
$0
$0
$0
$0
$0
$0
Linear Park
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$142,995
$0
Linear Park
Bollard Lights - Replace
$0
$0
$0
$29,793
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Linear Park
Shade Screens - Replace
$0
$0
$0
$24,515
$0
$0
$0
$0
$0
$0
$0
$0
$0
$32,946
$0
Linear Park
Irrigation System - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$80,077
$0
COMM THEATER
Built -Up Flat Roof - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Pole Lights - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Asphalt - Slurry Seal
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Tile Roofs - Refurbish
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Built -Up Flat Roof - Replace
$0
$0
$0
$0
$0
$34,271
$0
$0
$0
$0
$0
$0
$0
$0
$0
Comm Theater
Exterior Surface - Paint
$0
$0
$0
$0
$0
$25,141
$0
$0
$0
$0
$0
$0
$0
$0
$0
KIWANIS
Kiwanis
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$46,519
Kiwanis
Asphalt - Mill & Overlay
$0
$0
$0
$0
$0
$0
$0
$0
$0
$27,443
$0
$0
$0
$0
$0
Kiwanis
Built -Up Flat Roof - Replace
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
Kiwanis
Interior Surfaces - Remodel
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$86,630
$0
$0
Total Expenses
$1,196,893
$404,145
$567,034
$482,895
$724,391
$735,196
$991,649
$1,951,226
$593,556
$765,835
$1,149,829
$494,700
$1,079,913
$862,572
$1,288,075
1*1
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Supplemental Disclosures
General:
CRA has no other involvement(s) with The Town of Fountain Hills which could result in actual or
perceived conflicts of interest.
Physical Analysis:
Capital Reserve Analysts did conduct a physical inspection.
Completeness:
CRA has found no material issues which, if not disclosed, would cause a distortion of the Town's
situation.
Reliance on Client Data:
Information provided by the official representative of the client regarding financial, physical, quantity,
or historical issues will be deemed reliable by CRA.
Scope:
This Reserve Study is a reflection of information provided to CRA and assembled for the client's use,
not for the purpose of performing an audit, quality/forensic analysis, health and safety inspection, or
background checks of historical records.
Reserve Balance:
The actual beginning reserve fund balance in this Reserve Study is based upon information provided
and was not audited.
Reserve Projects:
Information provided about reserve projects will be considered reliable. Any on-site inspection should
not be considered a project audit, quality inspection, or health and safety review.
36
Town of Fountain Hills Development Services
Level I - Full Reserve Study
Definitions
CASH FLOW METHOD: A method of developing a Reserve Funding Plan where contributions to the
Reserve fund are designed to offset the variable annual expenditures from the Reserve fund. Different
Reserve Funding Plans are tested against the anticipated schedule of Reserve expenses until the
desired Funding Goal is achieved.
COMPONENT: The individual line items in the Reserve Study developed or updated in the Physical
Analysis. These elements form the building blocks for the Reserve Study. Components typically are: 1)
Entity responsibility, 2) with limited Useful Life expectancies, 3) predictable Remaining Useful Life
expectancies, 4) above a minimum threshold cost, and 5) as required by local codes.
COMPONENT INVENTORY: The task of selecting and quantifying Reserve Components. This task can be
accomplished through on-site visual observations, review of entity design and organizational
documents, a review of established entity precedents, and discussion with appropriate entity
representative(s) of the entity or cooperative.
COMPONENT METHOD: A method of developing a Reserve Funding Plan where the total contribution
is based on the sum of contributions for individual components. See "Cash Flow Method."
CONDITION ASSESSMENT: The task of evaluating the current condition of the component based on
observed or reported characteristics.
CURRENT REPLACEMENT COST: See "Replacement Cost."
DEFICIT: An actual (or projected) Reserve Balance less than the Fully Funded Balance. The opposite
would be a Surplus.
EFFECTIVE AGE: The difference between Useful Life and Remaining Useful Life. Not always equivalent
to chronological age, since some components age irregularly. Used primarily in computations.
FINANCIAL ANALYSIS: The portion of a Reserve Study where current status of the Reserves (measured
as cash or Percent Funded) and a recommended Reserve contribution rate (Reserve Funding Plan) are
derived, and the projected Reserve income and expense over time is presented. The Financial Analysis
is one of the two parts of a Reserve Study.
FULLY FUNDED: 100% Funded. When the actual (or projected) Reserve balance is equal to the Fully
Funded Balance.
FULLY FUNDED BALANCE (FFB): Total Accrued Depreciation. An indicator against which Actual (or
projected) Reserve balance can be compared. The Reserve balance that is in direct proportion to the
fraction of life "used up" of the current Repair or Replacement cost. This number is calculated for each
component, then summed together for an entity total. Two formulae can be utilized, depending on the
37
Town of Fountain Hills Development Services
Level I - Full Reserve Study
provider's sensitivity to interest and inflation effects. Note: Both yield identical results when interest
and inflation are equivalent.
FFB = Current Cost X Effective Age / Useful Life
Or
FFB = (Current Cost X Effective Age / Useful Life) + [(Current Cost X
Effective Age /Useful Life) / (1 + Interest Rate) ^ Remaining Life] - [(Current Cost X
Effective Age /Useful Life) / (1 + Inflation Rate) " Remaining Life]
FUND STATUS: The status of the reserve fund as compared to an established benchmark such as
percent funding.
FUNDING GOALS: Independent of methodology utilized, the following represent the basic categories of
Funding Plan goals:
Baseline Funding: Establishing a Reserve funding goal of keeping the Reserve cash balance above zero.
Full Funding: Setting a Reserve funding goal of attaining and maintaining Reserves at or near 100%
funded.
Statutory Funding: Establishing a Reserve funding goal of setting aside the specific minimum amount
of Reserves required by local statues.
Threshold Funding: Establishing a Reserve funding goal of keeping the Reserve balance above a
specified dollar or Percent Funded amount. Depending on the threshold, this may be more or less
conservative than "Fully Funding."
FUNDING PLAN: An entity's plan to provide income to a Reserve fund to offset anticipated
expenditures from that fund.
Funding Principles:
• Sufficient Funds When Required
• Stable Contribution Rate over the Years
• Evenly Distributed Contributions over the Years
• Fiscally Responsible
LIFE AND VALUATION ESTIMATES: The task of estimating Useful Life, Remaining Useful Life, and Repair
or Replacement Costs for the Reserve components.
PERCENT FUNDED: The ratio, at a particular point of time (typically the beginning of the Fiscal Year), of
the actual (or projected) Reserve Balance to the Fully Funded Balance, expressed as a percentage.
PHYSICAL ANALYSIS: The portion of the Reserve Study where the Component Inventory, Condition
Assessment, and Life and Valuation Estimate tasks are performed. This represents one of the two parts
�.a
Town of Fountain Hills Development Services
Level I - Full Reserve Study
of the Reserve Study.
REMAINING USEFUL LIFE (RUL): Also referred to as "Remaining Life" (RL). The estimated time, in years,
that a reserve component can be expected to continue to serve its intended function. Projects
anticipated to occur in the initial year have "zero" Remaining Useful Life.
REPLACEMENT COST: The cost of replacing, repairing, or restoring a Reserve Component to its original
functional condition. The Current Replacement Cost would be the cost to replace, repair, or restore the
component during that particular year.
RESERVE BALANCE: Actual or projected funds as of a particular point in time that the entity has
identified for use to defray the future repair or replacement of those major components which the
entity is obligated to maintain. Also known as Reserves, Reserve Accounts, Cash Reserves. Based upon
information provided and not audited.
RESERVE PROVIDER: An individual that prepares Reserve Studies.
RESERVE STUDY: A budget planning tool which identifies the current status of the Reserve fund and a
stable and equitable Funding Plan to offset the anticipated future major common area expenditures.
The
Reserve Study consists of two parts: the Physical Analysis and the Financial Analysis. "Our budget and
finance committee is soliciting proposals to update our Reserve Study for next year's budget."
39