Required Supplementary Information972-235-50-3
Common interest realty associations shall disclose the following as unauditedsupplementary information:
a. Estimates of current or future costs of future major repairs and replacements of all existingcomponents, such as roofs, including estimated amounts required, methods used to determine thecosts, the basis for calculations (including assumptions, if any, about interest and inflation rates),sources used, and the dates of studies, made for this purpose, if any. There is no requirement forcommon interest realty associations to obtain studies prepared by professional engineers. Theestimates may be made by the board of directors or estimates obtained from licensed contractors.
b. A presentation of components to be repaired and replaced, estimates of the remaining usefullives of those components, estimates of current or future replacement costs, and amounts of fundsaccumulated for each to the extent designated by the board.