SUNSET OCEANVIEW TERRACE							Page 1
			MAINTENANCE  FEE  AND  RESERVE  DATA
				EXECUTIVE  SUMMARY
		RESERVE  LEVELS
			2002  END  OF  YEAR   FULLY  FUNDED  RESERVE  AMOUNT  IS						210,970
			2002  END  OF  YEAR  ACTUAL  RESERVES  FORECAST  TO  BE						135,000
			2002'S  RESERVE  CONTRIBUTION  ESTIMATED  TO  BE						47,641
			2003  RESERVE  CONTRIBUTION  PROJECTED  TO  BE						32,470
			CHANGE  FROM  2002  RESERVE  CONTRIBUTION  IS						-15,171
		MAINTENANCE  FEE  EXPECTATIONS
			2003  OPERATING  EXPENSE  IS  FORECAST  UP  7.22%						833,424
			2003  RESERVE  FUNDING  LEVEL  PROJECTED TO BE						62.0%
			2003  MAINTENANCE  FEES  ARE  FORECAST  TO  BE						855,513
			THIS  IS  AN  INCREASE  OVER  2002  OF						5.10%
			10  YEAR  AVERAGE  MAINTENANCE  FEE
			INCREASE  AFTER  NEXT  YEAR  SHOULD  BE						2.49%
			ASSUMED  INFLATION  RATE  OF						2.50%
		KEY  MAJOR  RESERVE  EXPENDITURES
			JOB			YEAR			COST
			PAINTING BLDGS. 1 & 2			2003			25,625
			WALKWAYS			2003			12,300
			BLDG. 11 ROOF			2003			8,713
			POOLS 1 & 2			2004			16,285