Operating Budget-Final Parcel Parcel Address Parcel / Bldg / Unit Sq. Ft. % of project Total Monthly Assessment Total Quarterly Assessment PSF/Mo. 1 Hamann Co 33,100 6.78% $ 1,735 $ 5,205 $ 0.052 2-1 BP PARCEL 2 CONDO 13,494 2.76% $ 707 $ 2,121 $ 0.052 2-2 D. 1806 9,329 1.91% $ 489 $ 1,467 $ 0.052 2-3 C. 1808 8,713 1.78% $ 456 $ 1,368 $ 0.052 2-4 B. 1810 10,027 2.05% $ 525 $ 1,575 $ 0.052 2-5 A. 1812 11,861 2.43% $ 622 $ 1,866 $ 0.052 2-6 T. 1814 35,422 7.25% $ 1,856 $ 5,568 $ 0.052 2-7 U. 1816 26,167 5.36% $ 1,372 $ 4,116 $ 0.052 2-8 V. 1818 20,029 4.10% $ 1,050 $ 3,150 $ 0.052 2-9 W. 1820 11,479 2.35% $ 601 $ 1,803 $ 0.052 2-10 X. 1822 18,032 3.69% $ 945 $ 2,835 $ 0.052 2-11 BP PARCEL 2 CONDO 79,333 16.25% $ 4,157 $ 12,471 $ 0.052 3-1 A. 1644 21,552 4.41% $ 1,129 $ 3,387 $ 0.052 3-2 B. 1678 20,302 4.16% $ 1,064 $ 3,192 $ 0.052 3-3 D. 1720 17,918 3.67% $ 939 $ 2,817 $ 0.052 3-4 E. 1738 15,513 3.18% $ 813 $ 2,439 $ 0.052 3-5 C. 1694 14,183 2.90% $ 743 $ 2,229 $ 0.052 3-6 F. 1706 14,813 3.03% $ 776 $ 2,328 $ 0.052 3-7 G. 1660 22,258 4.56% $ 1,166 $ 3,498 $ 0.052 3-8 H. 1630 14,933 3.06% $ 783 $ 2,349 $ 0.052 4-1 A. 1601 5,413 1.11% $ 284 $ 852 $ 0.052 4-2 B.1609 6,734 1.38% $ 353 $ 1,059 $ 0.052 4-3 C. 1617 8,996 1.84% $ 471 $ 1,413 $ 0.052 4-4 D. 1625 10,458 2.14% $ 548 $ 1,644 $ 0.052 4-5 E. 1629 14,606 2.99% $ 766 $ 2,298 $ 0.052 4-6 F. 1621 8,290 1.70% $ 435 $ 1,305 $ 0.052 4-7 G. 1613 6,741 1.38% $ 353 $ 1,059 $ 0.052 4-8 H. 1605 8,641 1.77% $ 453 $ 1,359 $ 0.052 Total 488,337 100.00% $ 25,591 $ 76,773 The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Assessment Summary) Page 1 of 6
Estimated Annual Capital Reserve Budget Oceanside Gateway Business Park O. A. Total Unit SF 488,337 Exterior Wall SF 0 Parking Lot SF 0 Roof SF 0 RESERVE COSTS Cost Useful Life in Years Yearly Reserve Monthly Reserve PSF/Mo. Date Last Completed Asphalt / Parking Lot $ - 3 $ 40,000 $ 3,333 $ 0.007 Asphalt / Parking Lot Overlay $ - 20 $ - $ - $ - Buildings $ - 7 $ - $ - $ - Buildings - Structural $ - 10 $ - $ - $ - Buildings - Other $ - 10 $ - $ - $ - Concrete Surfaces $ - 10 $ - $ - $ - Directories $ - 10 $ - $ - $ - Electrical Systems $ - 10 $ - $ - $ - Elevators $ - 10 $ - $ - $ - Fire Life Safety System $ - 10 $ - $ - $ - Fountain / Ponds $ - 10 $ - $ - $ - Gate/Access Entry System $ - 10 $ - $ - $ - HVAC / Mechanical Systems $ - 10 $ - $ - $ - Irrigation Systems $ - 10 $ - $ - $ - Landscaping $ - 10 $ - $ - $ - Lighting Systems $ - 10 $ - $ - $ - Monuments / Statues / Signage $ - 10 $ - $ - $ - Property Fixtures $ - 10 $ - $ - $ - Pylon Sign $ - 10 $ - $ - $ - Restrooms $ - 10 $ - $ - $ - Roofs $ - 20 $ - $ - $ - Water/Sewer System(s) Loop(s) $ - 10 $ - $ - $ - TOTAL RESERVE ASSESSMENTS $ 40,000 $ 3,333 $ 0.007 The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. Assumptions: $1.50/SF for Asphalt Overlay $4.00/SF for Roof Replacement Assumptions of reserve costs will likely increase due to inflation, causing a revision to the budget and assessments. Each of these reserve line items is considered a reoccuring cost based on the useful life of that asset. P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Capital Reserves) Page 2 of 6
Estimated Annual Operating Budget Summary Total Parcel / Bldg. / Unit Sq. Ft. 488,337 OPERATING COSTS Monthly Avg. PSF Annual PSF 6100 REPAIRS & MAINTENANCE 6110 General Repair and Maintenance 250 0.001 3,000 0.006 6115 Elevator Repair and Maintenance 0 0.000 0 0.000 6120 Lighting Maintenance Contract Bldg/Pkg Lot 25 0.000 300 0.001 6125 Lighting/Elec Repairs/Bulb Replacement 150 0.000 1,800 0.004 6130 Plumbing Repairs 0 0.000 0 0.000 6135 Backflow Testing/Repairs 42 0.000 500 0.001 6140 Roof Maintenance Contract 0 0.000 0 0.000 6145 Roof Repairs 0 0.000 0 0.000 6150 Window Cleaning/Contract 0 0.000 0 0.000 6154 Cleaning Service/Contract 0 0.000 0 0.000 6155 Dayporter Service/Contract 0 0.000 0 0.000 6160 Security Service/Contract 465 0.001 5,580 0.011 6170 Fountain Maintenance 0 0.000 0 0.000 6171 Fountain Repairs 0 0.000 0 0.000 6180 HVAC Maintenance Contract 0 0.000 0 0.000 6185 HVAC Repairs 0 0.000 0 0.000 6190 Painting 100 0.000 1,200 0.002 6195 Fire/Life/Safety Monitoring 0 0.000 0 0.000 Subtotal $ 1,032 $ 0.002 $ 12,380 $ 0.03 6250 PKG LOT/LANDSCAPE & TRASH 6260 Parking Lot Sweeping Maintenance Contract 400 0.001 4,800 0.010 6265 Drain Cleaning/Maintenance Contract 550 0.001 6,600 0.014 6266 Roof Drain Maintenance 0 0.000 0 0.000 6267 Parking Lot Repairs 83 0.000 1,000 0.002 6270 Trash Removal Contract 0 0.000 0 0.000 6275 Trash Hauling Service 100 0.000 1,200 0.002 6280 Landscape Maintenance Contract 7210 0.015 86,520 0.177 6281 Landscape Replacement/Tree Trimming 1225 0.003 14,700 0.030 6282 Landscape Color Replacement 0 0.000 0 0.000 6283 Landscape Irrigation Repairs & Extras 605 0.001 7,260 0.015 6284 Landscape - Sidewalk Repair/Replacement 0 0.000 0 0.000 6285 Pest/Gopher Control 917 0.002 11,004 0.023 Subtotal $ 11,090 $ 0.023 $ 133,084 $ 0.27 6300 UTILITIES 6310 Electricity 240 0.000 2,880 0.006 6320 Gas 0 0.000 0 0.000 6330 Water and Sewer 5269 0.011 63,230 0.129 6340 Utility Deposits 0 0.000 0 0.000 Subtotal $ 5,509 $ 0.011 $ 66,110 $ 0.14 P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Operating Summary) Page 3 of 6
Estimated Annual Operating Budget Summary Total Parcel / Bldg. / Unit Sq. Ft. 488,337 OPERATING COSTS Monthly Avg. PSF Annual PSF 6400 ADMINISTRATIVE 6410 G&A-Manager & Owner's Assoc 142 0.000 1,701 0.003 6420 Bookkeeping 0 0.000 0 0.000 6425 Miscellaneous 25 0.000 300 0.001 6430 Tax Return Preparation 71 0.000 850 0.002 6435 Auditing Fees 0 0.000 0 0.000 6440 Legal/Professional Services 167 0.000 2,000 0.004 6445 Consulting 0 0.000 0 0.000 6450 Board Representation 0 0.000 0 0.000 6455 Bad Debt Expense 0 0.000 0 0.000 6460 Association, Property & Financial Management 3090 0.006 37,080 0.076 6470 Pre-contract Start Up Costs (Budget prep, etc.) 0 0.000 0 0.000 6480 Project Management Fees 0 0.000 0 0.000 6485 Reserve Studies 0 0.000 0 0.000 6490 Records Storage 0 0.000 0 0.000 Subtotal $ 3,494 $ 0.007 $ 41,931 $ 0.09 6500 MASTER ASSOC DUES 0 0.000 0 0.000 Subtotal $ - $ - $ - $ - 6600 TAXES 6610 State & Local Taxes 71 0.000 850 0.002 6620 Real Estate Taxes 0 0.000 0 0.000 Subtotal $ 71 $ 0.000 $ 850 $ 0.00 6700 INSURANCE 245 0.001 2,939 0.006 Subtotal $ 245 $ 0.001 $ 2,939 $ 0.01 7000 CONTINGENCY 7010 Unforeseen Expenses 815 0.002 9,782 0.020 7020 Start-up Cash Deposit 0 0.000 0 0.000 7030 Interest Expense 0 0.000 0 0.000 Subtotal $ 815 $ 0.002 $ 9,782 $ 0.02 TOTAL ESTIMATED OPERATING COSTS $ 22,256 $ 0.046 $ 267,076 $ 0.55 Total Estimated Reserve Costs (see reserve budget) $ 3,333 $ 0.007 $ 40,000 $ 0.08 TOTAL ESTIMATED COSTS $ 25,589 $ 0.052 $ 307,076 $ 0.63 The association has prepared these association expense estimates to the best of its ability, based on bids and general market data. Actual expenses may vary, causing a revision to the budget and assessments. Monthly Costs are shown as an average. Actual expense may be higher or lower in any one month. P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Operating Summary) Page 4 of 6
Operating Budget-Final Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 FYE2017 Difference 6100 REPAIRS & MAINTENANCE 6110 General Repair and Maintenance 250 250 250 250 250 250 250 250 250 250 250 250 3,000 3,000 0 6115 Elevator Repair and Maintenance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6120 Lighting Maintenance Contract Bldg/Pkg Lot 75 0 0 75 0 0 75 0 0 75 0 0 300 3,120 (2,820) 6125 Lighting/Elec Repairs/Bulb Replacement 150 150 150 150 150 150 150 150 150 150 150 150 1,800 2,400 (600) 6130 Plumbing Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6135 Backflow Testing/Repairs 500 0 0 0 0 0 0 0 0 0 0 0 500 500 0 6140 Roof Maintenance Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6145 Roof Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6150 Window Cleaning/Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6154 Cleaning Service/Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6155 Dayporter Service/Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6160 Security Service/Contract 465 465 465 465 465 465 465 465 465 465 465 465 5,580 5,580 0 6170 Fountain Maintenance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6171 Fountain Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6180 HVAC Maintenance Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6185 HVAC Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6190 Painting 100 100 100 100 100 100 100 100 100 100 100 100 1,200 1,200 0 6195 Fire/Life/Safety Monitoring 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 1,540 965 965 1,040 965 965 1,040 965 965 1,040 965 965 12,380 15,800 (3,420) 6250 PKG LOT/LANDSCAPE & TRASH 6260 Parking Lot Sweeping Maintenance Contract 400 400 400 400 400 400 400 400 400 400 400 400 4,800 11,844 (7,044) 6265 Drain Cleaning/Maintenance Contract 550 550 550 550 550 550 550 550 550 550 550 550 6,600 6,600 0 6266 Roof Drain Maintenance 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6267 Parking Lot Repairs 83 83 83 83 83 83 83 83 83 83 83 83 1,000 1,000 0 6270 Trash Removal Contract 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6275 Trash Hauling Service 100 100 100 100 100 100 100 100 100 100 100 100 1,200 1,200 0 6280 Landscape Maintenance Contract 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 7,210 86,520 84,000 2,520 6281 Landscape Replacement/Tree Trimming 1,500 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 14,700 14,400 300 6282 Landscape Color Replacement/Wetlands 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6283 Landscape Irrigation Repairs & Extras 605 605 605 605 605 605 605 605 605 605 605 605 7,260 7,260 0 6284 Landscape - Sidewalk Repair/Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6285 Pest/Gopher Control 917 917 917 917 917 917 917 917 917 917 917 917 11,004 11,004 0 Subtotal 11,365 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 11,065 133,084 137,308 (4,224) 6300 UTILITIES 6310 Electricity 240 240 240 240 240 240 240 240 240 240 240 240 2,880 2,880 0 6320 Gas 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6330 Water and Sewer 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 5,330 4,600 63,230 48,000 15,230 6340 Utility Deposits 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 5,570 4,840 66,110 50,880 15,230 6400 ADMINISTRATIVE 6410 G&A-Manager & Owner's Assoc 100 100 100 100 100 100 100 100 100 100 100 601 1,701 1,701 0 6420 Bookkeeping 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6425 Miscellaneous 300 0 0 0 0 0 0 0 0 0 0 0 300 300 0 6430 Tax Return Preparation 850 0 0 0 0 0 0 0 0 0 0 0 850 850 0 6435 Auditing Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6440 Legal/Professional Services 500 1,500 0 0 0 0 0 0 0 0 0 0 2,000 2,000 0 6445 Consulting 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6450 Board Representation 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6455 Bad Debt Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6460 Association, Property & Financial Management 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 3,090 37,080 37,080 0 6470 Pre-contract Start Up Costs (Budget prep, etc.) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6480 Project Management Fees 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6485 Reserve Studies 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6490 Records Storage 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 4,840 4,690 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,190 3,691 41,931 41,931 0 P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Budget) Page 5 of 6
Operating Budget-Final Jan-18 Feb-18 Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Dec-18 6500 MASTER ASSOC DUES 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6600 TAXES 6610 State & Local Taxes 850 0 0 0 0 0 0 0 0 0 0 0 850 850 0 6620 Real Estate Taxes 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 850 0 0 0 0 0 0 0 0 0 0 0 850 850 0 0 6700 INSURANCE 245 245 245 245 245 245 245 245 245 245 245 245 2,939 2,939 0 Subtotal 245 245 245 245 245 245 245 245 245 245 245 245 2,939 2,939 0 7000 CONTINGENCY 7010 Unforeseen Expenses 815 815 815 815 815 815 815 815 815 815 815 817 9,782 9,338 444 7020 Start-up Cash Deposit 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7030 Interest Expense 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Subtotal 815 815 815 815 815 815 815 815 815 815 815 817 9,782 9,338 444 TOTAL DIRECT EXPENSES 25,225 23,350 21,850 21,925 21,850 21,850 21,925 21,850 21,850 21,925 21,850 21,623 267,076 259,046 8,030 Cash Flow Analysis If Assessments are Collected Monthly Running Cash position w/o Cash Advance ($2,967) ($4,060) ($3,652) ($3,319) ($2,911) ($2,504) ($2,171) ($1,763) ($1,355) ($1,023) ($615) $20 Cash Balance With Cash Advance of: $0 ($2,967) ($4,060) ($3,652) ($3,319) ($2,911) ($2,504) ($2,171) ($1,763) ($1,355) ($1,023) ($615) $20 If Assessments are Collected Quarterly Running Cash position w/o Cash Advance $41,549 $18,199 ($3,652) $41,197 $19,347 ($2,504) $42,345 $20,495 ($1,355) $43,494 $21,643 $20 Cash Balance With Cash Advance of: $0 $41,549 $18,199 ($3,652) $41,197 $19,347 ($2,504) $42,345 $20,495 ($1,355) $43,494 $21,643 $20 P:\OGBP Master\Budgets\2018\OGBP Budget FYE 12-31-18 budget Final (Sheet: Budget) Page 6 of 6