Gardens I Of St. Andrews Park Association, Inc.

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1 Gardens I Of St. Andrews Park Association, Inc. Managed by: Argus Management of Venice, Inc. 181 Center Road Venice, FL Office: (941) Fax: (941) association manager: Melissa moritz melissa@argusvenice.com FINANCIAL STATEMENTS FOR THE PERIOD ENDING November 30, 2016 Reports Included: Balance Sheet Page 1 Accounts Receivable Summary Page 2 Reserve Transaction Summary Page 3 Month Budget vs. Month Income/Expense Page 4 YTD Budget vs. YTD Income/Expense Page Budget vs. YTD Income/Expense Page Budget vs. Monthly YTD Income/Expense Page 7 Transaction Ledger by Account for the Month Page 8-13 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: December 06, 2016 ~unaudited~

2 Balance Sheet As of November 30, 2016 ASSETS Current Assets Operating/Reserve Operating Account(s) Checking; BB&T 47, Petty Cash Total Operating Account(s) 47, Reserve Account(s) M/M; BB&T 85, Total Reserve Account(s) 85, Total Operating/Reserve 132, Accounts Receivable Assessment Receivable 31, Total Accounts Receivable 31, Other Current Assets Expected Uncollectable (15,333.37) Total Other Current Assets (15,333.37) Total Current Assets 148, TOTAL ASSETS 148, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Prepaid Assessments 1, Deferred Assessments 10, Total Other Current Liabilities 11, Total Current Liabilities 11, Long Term Liabilities Reserve Fund 85, Total Long Term Liabilities 85, Total Liabilities 97, Equity Retained Earnings 39, Previous Yrs Carryover 2, Net Income 10, Total Equity 51, TOTAL LIABILITIES & EQUITY 148, Prepared By: Argus Management of Venice, Inc. Page 1

3 Accounts Receivable Summary As of November 30, 2016 OWED PREPAID Gardens I of S.A.P. + 30, Shinners, Steven R Mackey, Kevin P & Michele (1,000.00) TOTAL 31, (1,000.00) ACCOUNTS RECEIVABLE $31, PREPAID ASSESSMENTS ($1,000.00) Prepared By: Argus Management of Venice, Inc. Page 2

4 Reserve Transaction Summary January through November Reserve Fund Roofs Beg Bal - Roofs 32, Allocation - Roofs 5, Total Roofs 37, Painting Beg Bal - Painting 28, Allocation - Painting 9, Total Painting 38, Pavement/Roads Beg Bal - Pavement/Roads 4, Allocation - Pavement/Roads Total Pavement/Roads 4, Deferred Maintenance Beg Bal - Deferred Maint 6, Allocation - Deferred Maint 1, Expense - Deferred Maint (3,724.13) Total Deferred Maintenance 3, Reserve Interest Beg. Bal. - Interest Earned YTD - Interest Total Reserve Interest Total Reserve Fund 85, TOTAL 85, Prepared By: Argus Management of Venice, Inc. Page 3

5 Month Budget vs. Month Income/Expenses Nov '16 Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 10, , Other Interest Previous Years Carryover 2, , Total Income 12, , Expense Disbursements Grounds Grounds Contract 1, , (5.28) Misc Lawn & Ground Supplies (500.00) Irrigation Maint/Repairs (83.33) Total Grounds 1, , (588.61) Building Maintenance Repairs & Maintenance (833.33) Fire Alarm/Sprinkler/Maint/Rep (416.67) Pest Control Termite Prevention/Renewal Total Building Maintenance , (600.00) Utilities Water/Sewer 1, , (281.67) Electric (18.21) Cable TV 1, , Trash Removal (16.67) Total Utilities 2, , (302.42) Administration Insurance - Package 1, , (288.95) Legal (387.50) Accounting/Professsional Fees Division Fees Master Association Fees Management Fee Adminsitrative Contingency (416.67) Bad Debt Total Administration 2, , (920.20) Reserve(s) Reserve Contribution Total Reserve(s) Total Disbursements 7, , (2,411.23) Total Expense 7, , (2,411.23) Net Income 5, , , Prepared By: Argus Management of Venice, Inc. Page 4

6 YTD Budget vs. YTD Income/Expenses Jan - Nov '16 Jan - Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 117, , (0.03) Other Interest Previous Years Carryover 25, , Total Income 142, , Expense Disbursements Grounds Grounds Contract 16, , (58.08) Misc Lawn & Ground Supplies 2, , (2,694.00) Irrigation Maint/Repairs 1, Total Grounds 20, , (2,023.92) Building Maintenance Repairs & Maintenance 14, , , Fire Alarm/Sprinkler/Maint/Rep 2, , (2,331.63) Pest Control 2, , Termite Prevention/Renewal 1, , Total Building Maintenance 20, , , Utilities Water/Sewer 12, , (3,171.93) Electric , (118.32) Cable TV 14, , Trash Removal (42.82) Total Utilities 27, , (3,236.48) Administration Insurance - Package 16, , (1,729.75) Legal , (3,835.00) Accounting/Professsional Fees Division Fees (10.75) Master Association Fees 15, , (384.00) Management Fee 6, , Adminsitrative Contingency , (4,583.37) Bad Debt 7, , Total Administration 47, , (10,329.29) Reserve(s) Reserve Contribution 16, , Total Reserve(s) 16, , Total Disbursements 132, , (11,998.82) Total Expense 132, , (11,998.82) Net Income 10, (1,747.94) 12, Prepared By: Argus Management of Venice, Inc. Page 5

7 2016 Budget vs. YTD Income/Expenses Jan - Nov ' (Under) Budget Inc / Exp Budget Over Budget Income Assessments 117, , (10,666.66) Other Interest Previous Years Carryover 25, , (2,331.25) Total Income 142, , (12,975.56) Expense Disbursements Grounds Grounds Contract 16, , (1,558.08) Misc Lawn & Ground Supplies 2, , (3,194.00) Irrigation Maint/Repairs 1, , Total Grounds 20, , (4,107.29) Building Maintenance Repairs & Maintenance 14, , , Fire Alarm/Sprinkler/Maint/Rep 2, , (2,748.26) Pest Control 2, , Termite Prevention/Renewal 1, , (1,200.00) Total Building Maintenance 20, , , Utilities Water/Sewer 12, , (4,635.34) Electric , (214.72) Cable TV 14, , (1,212.63) Trash Removal (59.45) Total Utilities 27, , (6,122.14) Administration Insurance - Package 16, , (3,489.90) Legal , (4,222.50) Accounting/Professsional Fees Division Fees (10.75) Master Association Fees 15, , (384.00) Management Fee 6, , (550.00) Adminsitrative Contingency , (5,000.00) Bad Debt 7, , (666.63) Total Administration 47, , (14,160.20) Reserve(s) Reserve Contribution 16, , Total Reserve(s) 16, , Total Disbursements 132, , (23,248.76) Total Expense 132, , (23,248.76) Net Income 10, , Prepared By: Argus Management of Venice, Inc. Page 6

8 2016 Budget vs. Monthly YTD Income/Expenses Income / Expenses YTD 2016 Remaining Remaining Jan '16 Feb '16 Mar '16 Apr '16 May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Inc / Exp Budget Budget % Income Assessments 10, , , , , , , , , , , , , , % Other (12.33) (12.33) % Interest (22.35) % Previous Years Carryover 2, , , , , , , , , , , , , , % Total Income 13, , , , , , , , , , , , , , % Expense Disbursements Grounds Grounds Contract 1, , , , , , , , , , , , , , % Misc Lawn & Ground Supplies , , , , % Irrigation Maint/Repairs , , (644.79) % Total Grounds 1, , , , , , , , , , , , , , % Building Maintenance Repairs & Maintenance 2, , , , , , , , (4,421.13) % Fire Alarm/Sprinkler/Maint/Rep , , , , % Pest Control , , , (668.00) % Termite Prevention/Renewal , , , , % Total Building Maintenance 2, , , , , , , , , (1,140.87) -6.01% Utilities Water/Sewer 1, , , , , , , , , , % Electric , % Cable TV 1, , , , , , , , , , , , , , % Trash Removal % Total Utilities 2, , , , , , , , , , , , , , % Administration Insurance - Package 1, , , , , , , , , , , , , , % Legal 0.00 (142.50) , , % Accounting/Professsional Fees % Division Fees % Master Association Fees 3, , , , , , % Management Fee , , % Adminsitrative (163.58) % Contingency , , % Bad Debt , , % Total Administration 6, , , , , , , , , , , , , , % Reserve(s) Reserve Contribution 4, , , , , , % Total Reserve(s) 4, , , , , , % Total Disbursements 17, , , , , , , , , , , , , , % Total Expense 17, , , , , , , , , , , , , Net Income (4,349.42) (511.91) 4, (8,605.18) 5, , (2,687.11) 4, , (2,943.00) 5, , Prepared By: Argus Management of Venice, Inc. Page 7

9 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Operating Account(s) 54, Checking; BB&T 54, Check 11/01/ Argus Management November Management (735.36) 53, Check 11/10/2016 EBT Comcast Cable Communications (November) (1,323.35) 51, Check 11/28/2016 EBT FP & L (10/26/16-11/23/16) (67.86) 51, Check 11/28/2016 EBT FP & L - Unit /26/16-11/23/16 (8.55) 51, Check 11/29/2016 EBT Premium Assignment insurance payment 5 of 11 (1,471.20) 50, Check 11/30/2016 EBT Sarasota County Public Utilites Dept (10/28/16-11/29/16) (1,109.76) 49, Check 11/30/ Hoskins Pest Control Rodent Bait Annual (650.00) 48, Check 11/30/ Venice Print Center inv (37.56) 48, Check 11/30/ Artistree Landscape November Monthly Lawn Maintenance - client (1,494.72) 47, Deposit 11/30/2016 interest earned , Total Checking; BB&T (6,897.17) 47, Petty Cash Total Petty Cash Total Operating Account(s) (6,897.17) 47, Reserve Account(s) 85, M/M; BB&T 85, Deposit 11/30/2016 interest earned , Total M/M; BB&T , Total Reserve Account(s) , Assessment Receivable 31, General Journal 11/01/2016 r pp asmts Suspense Owner rev adj pp asmts (1,000.00) 30, General Journal 11/30/2016 pp asmts Suspense Owner adj pp asmts 1, , Total Assessment Receivable , Expected Uncollectable (14,666.70) General Journal 11/02/2016 mthly adj to expected uncollectible (666.67) (15,333.37) Total Expected Uncollectable (666.67) (15,333.37) Prepaid Assessments (1,000.00) General Journal 11/01/2016 r pp asmts Suspense Owner rev adj pp asmts 1, General Journal 11/30/2016 pp asmts Suspense Owner adj pp asmts (1,000.00) (1,000.00) Total Prepaid Assessments 0.00 (1,000.00) Prepared By: Argus Management of Venice, Inc. Page 8

10 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Deferred Assessments (21,333.33) General Journal 11/02/2016 Mthly asmt alloc 10, (10,666.66) Total Deferred Assessments 10, (10,666.66) Reserve Fund (85,339.84) Roofs (37,907.00) Beg Bal - Roofs (32,569.00) Total Beg Bal - Roofs (32,569.00) Allocation - Roofs (5,338.00) Total Allocation - Roofs (5,338.00) Total Roofs (37,907.00) Painting (38,000.37) Beg Bal - Painting (28,491.37) Total Beg Bal - Painting (28,491.37) Allocation - Painting (9,509.00) Total Allocation - Painting (9,509.00) Total Painting (38,000.37) Pavement/Roads (4,877.63) Beg Bal - Pavement/Roads (4,183.63) Total Beg Bal - Pavement/Roads (4,183.63) Allocation - Pavement/Roads (694.00) Total Allocation - Pavement/Roads (694.00) Total Pavement/Roads (4,877.63) Deferred Maintenance (3,963.19) Beg Bal - Deferred Maint (6,531.32) Total Beg Bal - Deferred Maint (6,531.32) Prepared By: Argus Management of Venice, Inc. Page 9

11 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Allocation - Deferred Maint (1,156.00) Total Allocation - Deferred Maint (1,156.00) Expense - Deferred Maint 3, Total Expense - Deferred Maint 3, Total Deferred Maintenance (3,963.19) Reserve Interest (591.65) Beg. Bal. - Interest (502.60) Total Beg. Bal. - Interest (502.60) Earned YTD - Interest (89.05) Deposit 11/30/2016 interest earned (7.00) (96.05) Total Earned YTD - Interest (7.00) (96.05) Total Reserve Interest (7.00) (598.65) Total Reserve Fund (7.00) (85,346.84) Retained Earnings (39,042.20) Total Retained Earnings (39,042.20) Previous Yrs Carryover (4,662.50) General Journal 11/02/2016 mtly adj '15 c/o to '16 op 2, (2,331.25) Total Previous Yrs Carryover 2, (2,331.25) Assessments (106,666.67) General Journal 11/02/2016 Mthly asmt alloc (10,666.67) (117,333.34) Total Assessments (10,666.67) (117,333.34) Other 0.00 Total Other Interest (21.16) Deposit 11/30/2016 interest earned (1.19) (22.35) Prepared By: Argus Management of Venice, Inc. Page 10

12 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Total Interest (1.19) (22.35) Previous Years Carryover (23,312.50) General Journal 11/02/2016 mtly adj '15 c/o to '16 op (2,331.25) (25,643.75) Total Previous Years Carryover (2,331.25) (25,643.75) Disbursements 125, Grounds 19, Grounds Contract 14, Check 11/30/ Artistree Landscape November Monthly Lawn Maintenance - inv , , Total Grounds Contract 1, , Misc Lawn & Ground Supplies 2, Total Misc Lawn & Ground Supplies 2, Irrigation Maint/Repairs 1, Total Irrigation Maint/Repairs 1, Total Grounds 1, , Building Maintenance 19, Repairs & Maintenance 14, Total Repairs & Maintenance 14, Fire Alarm/Sprinkler/Maint/Rep 2, Total Fire Alarm/Sprinkler/Maint/Rep 2, Pest Control 1, Check 11/30/ Hoskins Pest Control 11/25 - Rodent Bait Annual - inv , Total Pest Control , Termite Prevention/Renewal 1, Total Termite Prevention/Renewal 1, Total Building Maintenance , Utilities 25, Water/Sewer 11, Prepared By: Argus Management of Venice, Inc. Page 11

13 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Check 11/30/2016 EBT Sarasota County Public Utilites Dept Montrose Drive - Base Charge (10/28/16-11/29/16) , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Water , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Sewer , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Montrose Drive - Base Charge (10/28/16-11/29/16) , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Water , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Sewer , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Montrose Drive - Base Charge (10/28/16-11/29/16) , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Water , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Sewer , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Montrose Drive - Base Charge (10/28/16-11/29/16) , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Water , Check 11/30/2016 EBT Sarasota County Public Utilites Dept Sewer , Total Water/Sewer 1, , Electric Check 11/28/2016 EBT FP & L Montrose Drive - (10/26/16-11/23/16) Check 11/28/2016 EBT FP & L Montrose Drive Check 11/28/2016 EBT FP & L Montrose Drive Check 11/28/2016 EBT FP & L Montrose Drive Check 11/28/2016 EBT FP & L - Unit Montrose Drive Unit (10/26/16-11/23/16) Total Electric Cable TV 12, Check 11/10/2016 EBT Comcast Cable Communications (November) 1, , Total Cable TV 1, , Trash Removal Total Trash Removal Total Utilities 2, , Administration 44, Insurance - Package 15, Check 11/29/2016 EBT Premium Assignment 5 of 11 payments - loan , , Total Insurance - Package 1, , Legal Total Legal Accounting/Professsional Fees Total Accounting/Professsional Fees Prepared By: Argus Management of Venice, Inc. Page 12

14 Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Division Fees Total Division Fees Master Association Fees 15, Total Master Association Fees 15, Management Fee 5, Check 11/01/ Argus Management November Management Fee , Total Management Fee , Adminsitrative Check 11/01/ Argus Management October Administrative / first notice annual meeting - printing Check 11/01/ Argus Management October Postage / first notice - budget Check 11/30/ Venice Print Center copies / Gardens One - second notices inv Total Adminsitrative Bad Debt 6, General Journal 11/02/2016 mthly adj to expected uncollectible , Total Bad Debt , Total Administration 2, , Reserve(s) 16, Reserve Contribution 16, Total Reserve Contribution 16, Total Reserve(s) 16, Total Disbursements 7, , TOTAL Prepared By: Argus Management of Venice, Inc. Page 13

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