Ask I said earlier, the assessments are needed to cover the amounts in excess of all insurance receipts. That being said, they could arguably be allocated to almost anything that would be for improvement and repair of the buildings, and a portion for the landscaping. Part of the assessments could be allocated to the roof and elevator replacements, to rebuild the garage storage lockers, and various building repairs (mostly maintenance) plus to replace lost landscaping and repair the pool and tennis court areas. Would it be reasonable to somehow split the total assessment amounts between building and landscaping and depreciate the building portion and directly expense the pool and landscaping portion? Unfortunately I cannot think of a reasonable way to allocate an amount for the repairs to the building.
Thank you for your thoughts.
