(a) The disclosures required by this article in regard to an association or a property shall be summarized on the following form:

Assessment and Reserve Funding Disclosure Summary

(1) The current assessment per unit is $__________ per _________.

Note: If assessments vary by the size or type of unit, the assessment applicable to this unit may be found on page _______ of the attached report.

(2) Additional assessments that have already been scheduled to be imposed or charged, regardless of the purpose, if they have been approved by the board and/or members:

_____________________________________________________________________:

Date assessment is:_______ Amount per unit per_______ Purpose of the assessment ______ due:_________: month (If assessments are variable, see note immediately below): :

--:

: : Total: :

:

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Note: If assessments vary by the size or type of unit, the assessment applicable to this unit may be found on page ____ of the attached report.

(3) Based upon the most recent reserve study and other information available to the board of directors, will currently projected reserve account balances be sufficient at the end of each year to meet the association's obligation for repair and/or replacement of major components during the next 30 years? Yes _____ No _____

(4) If the answer to #3 is no, what additional assessments or other contributions to reserves would be necessary to ensure that sufficient reserve funds will be available each year during the next 30 years?

____________________________________________________

: Approximate date assessment___________________ Amount per unit________________

__________will be due:_________________per month:__________:

:------------------------------:--------------------:

:------------------------------:--------------------:

:------------------------------:--------------------:

:------------------------------:--------------------:

:------------------------------:--------------------:

: : Total: :

:______________________________:____________________:

(5) The following major components, which are included in the Reserve study, are NOT included in the existing reserve funding:

____________________________________________________________________

:Major component_____________Useful remaining _______________ Reason this major component :

_____________life in years _________________was not included: :

:----------------:-------------------:-----------------------------:

:----------------:-------------------:-----------------------------:

:----------------:-------------------:-----------------------------:

:----------------:-------------------:-----------------------------:

:________________:___________________:_____________________________:

(6) As of the last reserve study or update, the current balance in the reserve fund is $____. Based on the method of calculation in paragraph (4) of subdivision (b) of Section 1365.2.5, the required amount in the reserve fund is $______________, and if an alternate, but generally accepted, method of calculation is also used, the required

amount is $__________________. (See attached explanation)

NOTE: The financial representations set forth in this summary are based on the best estimates of the preparer at that time. The estimates are subject to change.

(b) For the purposes of preparing a summary pursuant to this section:

(1) "Estimated remaining useful life" means the time reasonably calculated to remain before a major component will require replacement.

(2) "Major component" has the meaning used in Section 1365.5. Components with an estimated remaining useful life of more than 30 years may be included in a study as a capital asset or disregarded from the reserve calculation, so long as the decision is revealed in the reserve study report and reported in the Assessment and Reserve

Funding Disclosure Summary.

(3) The form set out in subdivision (a) shall accompany each pro

forma operating budget or summary thereof that is delivered pursuant to this article. The form may be supplemented or modified to clarify the information delivered, so long as the minimum information set out in subdivision (a) is provided.