Cullasaja HOA Annual Meeting Presentation

Beginning Balance January 1 2024 Capital Replacement Fees

$2,573,000

$511,000 $68,000 $400,000

2024 Broadband Fees

Transfer from Accumulated Surplus

$45,000

Interest & Other Income

Subtotal

$3,597,000

YTD Expenditures

<$553,000> <$470,000>

Projected Cost to Complete thru 12/31 Projected Fund Balance as of December 31 $2,574,000 Transfers from Accumulated Surplus have provided sufficient annual funding of the Replacement Reserves in recent years without significant Capital Replacement Fee increases or special assessments to property owners. The current fund balance aligns with reserve study requirements, ensuring the HOA is well prepared for future repairs & replacement of the $10 million in infrastructure assets as they become necessary.

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