Venice Acres Improvement Association, Inc.

Transcription

1 Venice Acres Improvement Association, Inc. Managed by: Argus Management of Venice, Inc. 181 Center Road Venice, FL Office: (941) Fax: (941) association manager: Denise majka FINANCIAL STATEMENTS FOR THE PERIOD ENDING April 30, 2015 Reports Included: Balance Sheet Page 1 Accounts Receivable Summary Page 2 Reserve Report 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 8-12 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: May 26, 2015 ~unaudited~

2 Balance Sheet As of April 30, 2015 ASSETS Current Assets Operating/Reserve Operating Account(s) 65, Reserve Account(s) 128, Total Operating/Reserve 194, Accounts Receivable Assessment Receivable 13, Total Accounts Receivable 13, Other Current Assets Allowance for Doubtful Accounts (11,867.31) Total Other Current Assets (11,867.31) Total Current Assets 195, TOTAL ASSETS 195, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Deferred Assessments 20, Total Other Current Liabilities 20, Total Current Liabilities 20, Long Term Liabilities Reserve Fund 128, Total Long Term Liabilities 128, Total Liabilities 148, Equity Retained Earnings 38, Net Income 8, Total Equity 46, TOTAL LIABILITIES & EQUITY 195, Prepared By: Argus Management of Venice, Inc. Page 1

3 Accounts Receivable Summary As of April 30, 2015 OWED PREPAID Appley, Jessica 160 * SVW 6, Carfield, James & Melissa 59 (8.11) Carpenter, Byron & Edna 134 * SVW Federal National Mortgage Assn (142) Gray, Steve & Debra 109 * SVW Jacob, Coy G (1310) Kenny, Lawrence P & Annette King, Bruce & Alyson (16.01) Marman, Lillian 14 * SVW 3, Rothaar, Marcia & Kim 18 (0.25) Villa, Paul J & Anne E Young, Robert & Katina TOTAL 13, (24.37) ACCOUNTS RECEIVABLE $13, Prepared By: Argus Management of Venice, Inc. Page 2

4 Reserve Report January through April Reserve Fund Concrete/Walkways Beg Bal - Concrete Walkways Allocation - Concrete/Walkways 1, Total Concrete/Walkways 2, Ditch Maintenance Beg Bal - Ditch Maintenance 34, Allocation - Ditch Maintenance 1, Total Ditch Maintenance 36, Pavement/Roads Beg Bal - Pavement/Roads 59, Allocation - Pavement/Roads 13, Total Pavement/Roads 72, Legal Beg Bal - Legal 15, Total Legal 15, Reserve Interest Beg. Bal. - Interest 2, Earned YTD - Interest Total Reserve Interest 2, Total Reserve Fund 128, TOTAL 128, Prepared By: Argus Management of Venice, Inc. Page 3

5 Month Budget vs. Month Income/Expenses Apr '15 Apr '15 Remaining Remaining Inc / Exp Budget Budget % Income Assessments 2, , % Late Fees (29.70) % Late Fee Interest (12.23) % Legal Fees % Miscellaneous (6.48) % Interest Income (2.37) 100.0% Previous Years Carryover % Total Income 2, , % Expense Disbursements Grounds Grounds Contract % Lawn & Ground Supplies % Sprinkler/Irrigation Contract % Total Grounds % Property Maintenance Repairs & Maintenance % Total Property Maintenance % Utilities Electric (0.48) (1.17%) Total Utilities (0.48) (1.17%) Administration Insurance - Property % Legal/Professional % Document Revisions % Accounting Services % Fees, Dues, License (61.25) 100.0% Management Fee % Meeting Expense % Administrative % Copies % Postage % Total Administration 1, , % Total Disbursements 1, , , % Total Expense 1, , Net Income 1, (107.76) Prepared By: Argus Management of Venice, Inc. Page 4

6 YTD Budget vs. YTD Income/Expenses Jan - Apr '15 Jan - Apr '15 Remaining Remaining Inc / Exp Budget Budget % Income Assessments 10, , % Late Fees (537.95) 100.0% Late Fee Interest (588.71) 100.0% Legal Fees (422.70) 100.0% Miscellaneous (19.44) 100.0% Interest Income (10.38) 100.0% Previous Years Carryover 5, , % Total Income 16, , (1,579.18) (10.51%) Expense Disbursements Grounds Grounds Contract 1, , % Lawn & Ground Supplies , , % Sprinkler/Irrigation Contract % Total Grounds 1, , , % Property Maintenance Repairs & Maintenance , % Total Property Maintenance , % Utilities Electric (76.67) (45.58%) Total Utilities (76.67) (45.58%) Administration Insurance - Property % Legal/Professional , , % Document Revisions % Accounting Services 1, , % Fees, Dues, License (61.50) (100.82%) Management Fee 2, , % Meeting Expense % Administrative % Copies % Postage % Total Administration 5, , , % Total Disbursements 7, , , % Total Expense 7, , Net Income 8, , Prepared By: Argus Management of Venice, Inc. Page 5

7 2015 Budget vs. YTD Income/Expenses Jan - Apr ' Remaining Remaining Inc / Exp Budget Budget % Income Assessments 10, , , % Late Fees (537.95) 100.0% Late Fee Interest (588.71) 100.0% Legal Fees (422.70) 100.0% Miscellaneous (19.44) 100.0% Interest Income (10.38) 100.0% Previous Years Carryover 5, , % Total Income 16, , , % Expense Disbursements Grounds Grounds Contract 1, , , % Lawn & Ground Supplies , , % Sprinkler/Irrigation Contract , % Total Grounds 1, , , % Property Maintenance Repairs & Maintenance , , % Total Property Maintenance , , % Utilities Electric % Total Utilities % Administration Insurance - Property , , % Legal/Professional , , % Document Revisions , , % Accounting Services 1, , % Fees, Dues, License (61.50) (100.82%) Management Fee 2, , , % Meeting Expense % Administrative % Copies % Postage , , % Total Administration 5, , , % Total Disbursements 7, , , % Total Expense 7, , Net Income 8, Prepared By: Argus Management of Venice, Inc. Page 6

8 2015 Budget vs. Monthly YTD Income/Expenses Income / Expense YTD 2015 Remaining Remaining Jan '15 Feb '15 Mar '15 Apr '15 Inc / Exp Budget Budget % Income Assessments 2, , , , , , , % Late Fees (29.70) (537.95) 100.0% Late Fee Interest (12.23) (588.71) 100.0% Legal Fees (422.70) 100.0% Miscellaneous (6.48) (19.44) 100.0% Interest Income (10.38) 100.0% Previous Years Carryover 5, , , % Total Income 8, , , , , , , % Expense Disbursements Grounds Grounds Contract , , , % Lawn & Ground Supplies , , % Sprinkler/Irrigation Contract , % Total Grounds , , , % Property Maintenance Repairs & Maintenance , , % Total Property Maintenance , , % Utilities Electric % Total Utilities % Administration Insurance - Property , , % Legal/Professional , , % Document Revisions , , % Accounting Services , , , % Fees, Dues, License (61.50) (100.82%) Management Fee , , , % Meeting Expense % Administrative % Copies % Postage , , % Total Administration , , , , , % Total Disbursements 1, , , , , , , % Total Expense 1, , , , , , Net Income 7, (134.69) , , Prepared By: Argus Management of Venice, Inc. Page 7

9 Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Operating Account(s) 60, Checking; BB&T 60, Check 04/01/ Argus Management of Venice April Management (717.10) 59, Check 04/01/ Church of Nazarene Donation - April Board Meeting (50.00) 59, Deposit 04/02/2015 Deposit~ , Check 04/07/2015 EBT FP & L (02/25/15-03/27/15) (41.41) 59, Deposit 04/09/2015 Deposit~ 5, , Deposit 04/27/2015 Deposit~ 1, , Check 04/29/ Venice Print Center inv (33.17) 66, Check 04/29/ Argus Management of Venice Reimbursement - Annual Report Filed (61.25) 65, Check 04/29/ Natural Designs Landscaping April Monthly - inv (300.00) 65, Check 04/29/ Sharon VanderWulp, PA Inv Cremisio (71.25) 65, Check 04/29/ Sharon VanderWulp, PA Inv Wood (57.00) 65, Check 04/29/ Sharon VanderWulp, PA Inv Bellinder (57.00) 65, Deposit 04/30/2015 interest earned , Total Checking; BB&T 5, , Total Operating Account(s) 5, , Reserve Account(s) 128, M/M; BB&T 128, Deposit 04/30/2015 interest earned , Total M/M; BB&T , Total Reserve Account(s) , Assessment Receivable 17, Payment 04/02/ Watson/Jordan Annnual Fee + Late Fee (345.41) 16, Stmt Charge 04/02/2015 Malloy, Christine 13 Interest on Past Due Assessment - 18% Per Annum March 26 - April 2, , Payment 04/02/ Malloy, Christine Annual Maintenance Fee (297.00) 16, Stmt Charge 04/08/2015 Malloy, Christine 13 Late Fee - Reversed Per Board of Directors (FMM) (29.70) 16, Stmt Charge 04/08/2015 Malloy, Christine 13 Interest on Past Due Assessment - Reversed Per Board of Directors (FMM) (13.00) 16, Stmt Charge 04/08/2015 Malloy, Christine 13 Certified Mail - Reversed Per Board of Directors (FMM) (6.48) 16, Payment 04/16/ Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage (1,059.58) 15, Stmt Charge 04/16/2015 Litzler, Jeffrey 151 * Vengroff Write Off Balance - Funds Received from Closing (1,961.02) 13, Total Assessment Receivable (3,711.42) 13, Allowance for Doubtful Accounts (13,828.33) Stmt Charge 04/16/2015 Litzler, Jeffrey 151 * Vengroff Write Off Balance - Funds Received from Closing 1, (11,867.31) Total Allowance for Doubtful Accounts 1, (11,867.31) Payments Posted Pending Deposit 4, Prepared By: Argus Management of Venice, Inc. Page 8

10 Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Payment 04/02/ Watson/Jordan Annnual Fee + Late Fee , Payment 04/02/ Malloy, Christine Annual Maintenance Fee , Deposit 04/02/ Conkle, Joseph Annual Maintenance + Late Fee & Interest (335.99) 5, Deposit 04/02/ Schneider, Edna Annual Maintenance Fee (Balance Due) (18.00) 5, Deposit 04/09/ Cremisio, Denis 53 * SVW settlement agreed amount between BOD and buyers (2,350.00) 2, Deposit 04/09/ Wilson, Keith & Gayle Annual Maintenance Fee + Late Fee & Interest (335.99) 2, Deposit 04/09/ Eggleston, Alison & Michael Closing (1,891.00) Deposit 04/09/ Watson/Jordan Annnual Fee + Late Fee (345.41) Deposit 04/09/ Malloy, Christine Annual Maintenance Fee (297.00) Payment 04/16/ Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage 1, , Deposit 04/27/ Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage (1,059.58) Total Payments Posted Pending Deposit (4,930.98) Deferred Assessments (22,557.74) General Journal 04/02/ Mthly op alloc 2, (20,051.32) Total Deferred Assessments 2, (20,051.32) Reserve Fund (128,920.04) Concrete/Walkways (2,222.00) Beg Bal - Concrete Walkways (925.00) Total Beg Bal - Concrete Walkways (925.00) Allocation - Concrete/Walkways (1,297.00) Total Allocation - Concrete/Walkways (1,297.00) Total Concrete/Walkways (2,222.00) Ditch Maintenance (36,345.21) Beg Bal - Ditch Maintenance (34,558.21) Total Beg Bal - Ditch Maintenance (34,558.21) Allocation - Ditch Maintenance (1,787.00) Total Allocation - Ditch Maintenance (1,787.00) Total Ditch Maintenance (36,345.21) Pavement/Roads (72,976.91) Beg Bal - Pavement/Roads (59,757.91) Total Beg Bal - Pavement/Roads (59,757.91) Prepared By: Argus Management of Venice, Inc. Page 9

11 Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Allocation - Pavement/Roads (13,219.00) Total Allocation - Pavement/Roads (13,219.00) Total Pavement/Roads (72,976.91) Legal (15,126.04) Beg Bal - Legal (15,126.04) Total Beg Bal - Legal (15,126.04) Total Legal (15,126.04) Reserve Interest (2,249.88) Beg. Bal. - Interest (2,208.17) Total Beg. Bal. - Interest (2,208.17) Earned YTD - Interest (41.71) Deposit 04/30/2015 interest earned (15.90) (57.61) Total Earned YTD - Interest (15.90) (57.61) Total Reserve Interest (15.90) (2,265.78) Total Reserve Fund (15.90) (128,935.94) Retained Earnings (38,045.84) Total Retained Earnings (38,045.84) xx-acct rec Total xx-acct rec Assessments (7,519.26) General Journal 04/02/ Mthly op alloc (2,506.42) (10,025.68) Total Assessments (2,506.42) (10,025.68) Late Fees (567.65) Stmt Charge 04/08/2015 Malloy, Christine 13 Late Fee - Reversed Per Board of Directors (FMM) (537.95) Total Late Fees (537.95) Late Fee Interest (600.94) Stmt Charge 04/02/2015 Malloy, Christine 13 Interest on Past Due Assessment - 18% Per Annum March 26 - April 2, 2015 (0.77) (601.71) Prepared By: Argus Management of Venice, Inc. Page 10

12 Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Stmt Charge 04/08/2015 Malloy, Christine 13 Interest on Past Due Assessment - Reversed Per Board of Directors (FMM) (588.71) Total Late Fee Interest (588.71) Legal Fees (422.70) Total Legal Fees (422.70) Miscellaneous (25.92) Stmt Charge 04/08/2015 Malloy, Christine 13 Certified Mail - Reversed Per Board of Directors (FMM) 6.48 (19.44) Total Miscellaneous 6.48 (19.44) Interest Income (8.01) Deposit 04/30/2015 interest earned (2.37) (10.38) Total Interest Income (2.37) (10.38) Previous Years Carryover (5,000.00) Total Previous Years Carryover (5,000.00) Disbursements 6, Grounds 1, Grounds Contract Check 04/29/ Natural Designs Landscaping April Monthly Lawn - inv , Total Grounds Contract , Sprinkler/Irrigation Contract Total Sprinkler/Irrigation Contract Total Grounds , Property Maintenance Repairs & Maintenance Total Repairs & Maintenance Total Property Maintenance Utilities Electric Check 04/07/2015 EBT FP & L Hermitage Blvd - Ent Light (02/25/15-03/27/15) Check 04/07/2015 EBT FP & L Hermitage Blvd Ent Light Total Electric Prepared By: Argus Management of Venice, Inc. Page 11

13 Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Total Utilities Administration 4, Legal/Professional Check 04/29/ Sharon VanderWulp, PA 03/20 - calls/ s Kesgiropoulos / offering settlement for Assocition - regarding shortsale Check 04/29/ Sharon VanderWulp, PA 03/11 - review case guiding assoc / amounts allowed to collect for estoppel prepairing for certi Check 04/29/ Sharon VanderWulp, PA 03/11 - case guiding association amounts they are allowed to collect for preparing certificate o Total Legal/Professional Accounting Services 1, Total Accounting Services 1, Fees, Dues, License Check 04/29/ Argus Management of Venice re-filed 2015 annual report - reimbursement Total Fees, Dues, License Management Fee 2, Check 04/01/ Argus Management of Venice April Management , Total Management Fee , Meeting Expense Check 04/01/ Church of Nazarene Donation - April Board Meeting Total Meeting Expense Administrative Total Administrative Copies Check 04/01/ Argus Management of Venice March Administrative Check 04/29/ Venice Print Center Venice Acres copies - inv Total Copies Postage Check 04/01/ Argus Management of Venice March Postage Total Postage Total Administration 1, , Total Disbursements 1, , Prepared By: Argus Management of Venice, Inc. Page 12

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