Loading...
HomeMy WebLinkAbout160412WSPAIN l 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 AIN l 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 30 9low : AGENDA ACTION FORM 0 �hat is AC'ti 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