Gardens II Of St. Andrews Park Association, Inc.

Transcription

1 Gardens II 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 FINANCIAL STATEMENTS FOR THE PERIOD ENDING February 29, 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 8-12 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: March 14, 2016 ~unaudited~

2 Balance Sheet As of February 29, 2016 ASSETS Current Assets Operating/Reserve Operating Account(s) Checking; BB&T 6, Total Operating Account(s) 6, Reserve Account(s) M/M; BB&T 75, CD; FCB 10 Mth 1.03% 03/27/16 11, CD; FCB 18 Mth 1.25% 02/05/17 12, Total Reserve Account(s) 98, Total Operating/Reserve 104, Other Current Assets Prepaid Expense(s) Total Other Current Assets Total Current Assets 105, TOTAL ASSETS 105, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Accounts Payable 1, Prepaid Assessment(s) Deferred Assessments 7, Total Other Current Liabilities 8, Total Current Liabilities 8, Long Term Liabilities Reserve Fund 98, Total Long Term Liabilities 98, Total Liabilities 107, Equity Retained Earnings 5, Net Income (7,184.92) Total Equity (2,183.93) TOTAL LIABILITIES & EQUITY 105, Prepared By: Argus Management of Venice, Inc. Page 1

3 Accounts Receivable Summary As of February 29, 2016 OWED PREPAID McCarthy, Patricia (9.00) TOTAL 0.00 (9.00) ACCOUNTS RECEIVABLE $ PREPAID ASSESSMENT ($9.00) Prepared By: Argus Management of Venice, Inc. Page 2

4 Reserve Transaction Summary January through February Reserve Fund Building Enhancement Beg Bal - Bldg Enhance 30, Allocation - Bldg Enhance 2, Transfer - Bldg Enhance 0.00 Total Building Enhancement 33, Roofs Beg Bal - Roofs 44, Allocation - Roofs 1, S/A Allocation - Roof 0.00 Total Roofs 45, Pavement Replacement Beg Bal - Pavement Replace 8, Allocation - Pavement Replace Total Pavement Replacement 9, Insurance Deductible Beg Bal - Insurance Deductible 10, Allocation - Insurance Deductib 0.00 Total Insurance Deductible 10, Reserve Interest Beg Bal - Interest Earned YTD - Interest Transfered - Interest 0.00 Total Reserve Interest Total Reserve Fund 98, TOTAL 98, Prepared By: Argus Management of Venice, Inc. Page 3

5 Accrual Basis Month Budget vs. Month Income/Expenses Feb '16 Feb '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 7, , Other Interest Total Income 7, , Expense Disbursements Grounds Grounds Contract 1, , (0.07) Lawn & Ground Supplies (100.00) Mulch Tree Trimming Irrigation Maint/Repairs (9.44) Total Grounds 1, , (109.51) Building Maintenance Repairs & Maintenance Lighting (41.67) Pest Control / Termite Prevent Fire Alarm Inspect / Monitoring Fire Alarm Repairs Fire Sprinkler Inspect;Exterior Fire Sprinkler Inspect;Interior Fire Sprinkler Maint/Repairs Back Flow Inspections/Repairs Fire Back Flow Inspect/Repairs Total Building Maintenance Utilities Water/Sewer 1, , Electric (10.08) Cable TV (0.11) Total Utilities 2, , Administration Insurance - Property/Umbrella Insurance D&O/ Bond Insurance - Wind 10, , (16.80) Legal/Professional (41.67) Accounting Services Fees, Dues, License Income Tax Management Fee Master Association Fees Office Supplies, Postage, etc Total Administration 11, , (5.63) Total Disbursements 15, , Total Expense 15, , Net Income (7,960.55) (7,680.75) (279.80) Prepared By: Argus Management of Venice, Inc. Page 4

6 Accrual Basis YTD Budget vs. YTD Income/Expenses Jan - Feb '16 Jan - Feb '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 14, , Other Interest Total Income 14, , Expense Disbursements Grounds Grounds Contract 2, , (0.14) Lawn & Ground Supplies (200.00) Mulch Tree Trimming Irrigation Maint/Repairs (32.49) Total Grounds 2, , (232.63) Building Maintenance Repairs & Maintenance Lighting (83.34) Pest Control / Termite Prevent Fire Alarm Inspect / Monitoring Fire Alarm Repairs Fire Sprinkler Inspect;Exterior Fire Sprinkler Inspect;Interior Fire Sprinkler Maint/Repairs Back Flow Inspections/Repairs Fire Back Flow Inspect/Repairs Total Building Maintenance (27.73) Utilities Water/Sewer 2, , Electric (20.68) Cable TV 1, , (0.22) Total Utilities 4, , Administration Insurance - Property/Umbrella Insurance D&O/ Bond Insurance - Wind 10, , (16.80) Legal/Professional (83.34) Accounting Services Fees, Dues, License Income Tax Management Fee Master Association Fees 2, , Office Supplies, Postage, etc Total Administration 14, , (41.76) Total Disbursements 22, , (234.37) Total Expense 22, , (234.37) Net Income (7,184.92) (7,420.80) Prepared By: Argus Management of Venice, Inc. Page 5

7 Accrual Basis 2016 Budget vs. YTD Income/Expenses Jan - Feb ' (Under) Budget Inc / Exp Budget Over Budget Income Assessments 14, , (74,368.34) Other Interest Total Income 14, , (74,366.83) Expense Disbursements Grounds Grounds Contract 2, , (11,196.80) Lawn & Ground Supplies , (1,200.00) Mulch , (1,200.00) Tree Trimming (960.00) Irrigation Maint/Repairs (482.49) Total Grounds 2, , (15,039.29) Building Maintenance Repairs & Maintenance , (3,576.05) Lighting (500.00) Pest Control / Termite Prevent , (1,500.00) Fire Alarm Inspect / Monitoring (441.00) Fire Alarm Repairs (125.00) Fire Sprinkler Inspect;Exterior (375.00) Fire Sprinkler Inspect;Interior (240.00) Fire Sprinkler Maint/Repairs (500.00) Back Flow Inspections/Repairs (140.00) Fire Back Flow Inspect/Repairs (140.00) Total Building Maintenance , (7,537.05) Utilities Water/Sewer 2, , (7,369.50) Electric (805.91) Cable TV 1, , (8,803.74) Total Utilities 4, , (16,979.15) Administration Insurance - Property/Umbrella , (6,855.00) Insurance D&O/ Bond , (1,080.00) Insurance - Wind 10, , (5,643.80) Legal/Professional (500.00) Accounting Services Fees, Dues, License Income Tax (50.00) Management Fee , (4,200.00) Master Association Fees 2, , (8,856.00) Office Supplies, Postage, etc (441.87) Total Administration 14, , (27,626.42) Total Disbursements 22, , (67,181.91) Total Expense 22, , (67,181.91) Net Income (7,184.92) 0.00 (7,184.92) Prepared By: Argus Management of Venice, Inc. Page 6

8 Accrual Basis 2016 Budget vs. Monthly YTD Income/Expenses Income / Expenses YTD 2016 Remaining Remaining Jan '16 Feb '16 Inc / Exp Budget Budget % Income Assessments 7, , , , , % Other % Interest (1.51) % Total Income 7, , , , , % Expense Disbursements Grounds Grounds Contract 1, , , , , % Lawn & Ground Supplies , , % Mulch , , % Tree Trimming % Irrigation Maint/Repairs % Total Grounds 1, , , , , % Building Maintenance Repairs & Maintenance , , % Lighting % Pest Control / Termite Prevent , , % Fire Alarm Inspect / Monitoring % Fire Alarm Repairs % Fire Sprinkler Inspect;Exterior % Fire Sprinkler Inspect;Interior % Fire Sprinkler Maint/Repairs % Back Flow Inspections/Repairs % Fire Back Flow Inspect/Repairs % Total Building Maintenance , , % Utilities Water/Sewer , , , , % Electric % Cable TV , , , % Total Utilities 1, , , , , % Administration Insurance - Property/Umbrella , , % Insurance D&O/ Bond , , % Insurance - Wind , , , , % Legal/Professional % Accounting Services % Fees, Dues, License (0.25) -0.16% Income Tax % Management Fee , , % Master Association Fees 2, , , , % Office Supplies, Postage, etc % Total Administration 3, , , , , % Total Disbursements 6, , , , , % Total Expense 6, , , , Net Income (7,960.55) (7,184.92) 0.00 Prepared By: Argus Management of Venice, Inc. Page 7

9 Accrual Basis Transaction Ledger by Account As of February 29, 2016 Type Date Num Name Memo Amount Balance Operating Account(s) 21, Checking; BB&T 21, Check 02/01/ Argus Management of Venice February Management Fee (522.59) 20, Check 02/01/ Weston Insurance Policy CFA / 2016 Windstorm (10,383.20) 10, Check 02/01/ Florida Department of State 2016 Annual Report (61.25) 10, Check 02/12/2016 EBT Comcast Cable Communications February Monthly Cable (878.13) 9, Check 02/26/ Artistree - Irrigation January Irrigation (35.56) 9, Check 02/26/ Artistree February Lawn - inv (1,119.60) 8, Check 02/26/ Out Pressured Pressure Cleaning Inv 144 / Carports Pressure Washed (600.00) 7, Check 02/26/ Victor Liburdi Reimbursement - misc supplies (66.16) 7, Check 02/26/ Victor Liburdi Reimbursement - misc supplies (62.32) 7, Check 02/26/ Hough & Company 2015 Income Tax Return (350.00) 7, Check 02/29/2016 EBT FP & L (01/26/16-02/24/16) (75.93) 7, Check 02/29/2016 EBT Sarasota County (01/28/16-02/26/16) (1,243.13) 6, Deposit 02/29/2016 interest earned , Total Checking; BB&T (15,397.38) 6, Total Operating Account(s) (15,397.38) 6, Reserve Account(s) 98, M/M; BB&T 75, Deposit 02/29/2016 interest earned , Total M/M; BB&T , CD; FCB 10 Mth 1.03% 03/27/16 11, Total CD; FCB 10 Mth 1.03% 03/27/16 11, CD; FCB 18 Mth 1.25% 02/05/17 12, Total CD; FCB 18 Mth 1.25% 02/05/17 12, Total Reserve Account(s) , Assessment Receivable 0.00 General Journal 02/01/2016 r pp asmts Miscelaneous Customer rev adj pp asmts (9.00) (9.00) General Journal 02/29/2016 pp asmts Miscelaneous Customer adj pp asmts Total Assessment Receivable Prepaid Expense(s) Total Prepaid Expense(s) Prepared By: Argus Management of Venice, Inc. Page 8

10 Accrual Basis Transaction Ledger by Account As of February 29, 2016 Type Date Num Name Memo Amount Balance Accounts Payable (1,200.00) Total Accounts Payable (1,200.00) Prepaid Assessment(s) (9.00) General Journal 02/01/2016 r pp asmts Miscelaneous Customer rev adj pp asmts General Journal 02/29/2016 pp asmts Miscelaneous Customer adj pp asmts (9.00) (9.00) Total Prepaid Assessment(s) 0.00 (9.00) Deferred Assessments (14,873.67) General Journal 02/02/2016 Monthly adjust - Income 2016 mthly op adj 7, (7,436.84) Total Deferred Assessments 7, (7,436.84) Reserve Fund (98,940.85) Building Enhancement (33,661.76) Beg Bal - Bldg Enhance (30,744.76) Total Beg Bal - Bldg Enhance (30,744.76) Allocation - Bldg Enhance (2,917.00) Total Allocation - Bldg Enhance (2,917.00) Total Building Enhancement (33,661.76) Roofs (45,491.00) Beg Bal - Roofs (44,185.00) Total Beg Bal - Roofs (44,185.00) Allocation - Roofs (1,306.00) Total Allocation - Roofs (1,306.00) Total Roofs (45,491.00) Pavement Replacement (9,579.42) Beg Bal - Pavement Replace (8,992.92) Total Beg Bal - Pavement Replace (8,992.92) Allocation - Pavement Replace (586.50) Total Allocation - Pavement Replace (586.50) Prepared By: Argus Management of Venice, Inc. Page 9

11 Accrual Basis Transaction Ledger by Account As of February 29, 2016 Type Date Num Name Memo Amount Balance Total Pavement Replacement (9,579.42) Insurance Deductible (10,076.32) Beg Bal - Insurance Deductible (10,076.32) Total Beg Bal - Insurance Deductible (10,076.32) Total Insurance Deductible (10,076.32) Reserve Interest (132.35) Beg Bal - Interest (123.18) Total Beg Bal - Interest (123.18) Earned YTD - Interest (9.17) Deposit 02/29/2016 interest earned (9.03) (18.20) Total Earned YTD - Interest (9.03) (18.20) Total Reserve Interest (9.03) (141.38) Total Reserve Fund (9.03) (98,949.88) Retained Earnings (5,000.99) Total Retained Earnings (5,000.99) Assessments (7,436.83) General Journal 02/02/2016 Monthly adjust - Income 2016 mthly op adj (7,436.83) (14,873.66) Total Assessments (7,436.83) (14,873.66) Interest (1.02) Deposit 02/29/2016 interest earned (0.49) (1.51) Total Interest (0.49) (1.51) Disbursements 6, Grounds 1, Grounds Contract 1, Check 02/26/ Artistree February Monthly Grounds - inv , , Total Grounds Contract 1, , Prepared By: Argus Management of Venice, Inc. Page 10

12 Accrual Basis Transaction Ledger by Account As of February 29, 2016 Type Date Num Name Memo Amount Balance Irrigation Maint/Repairs Check 02/26/ Artistree - Irrigation January Irrigation parts used during inspection - inv Total Irrigation Maint/Repairs Total Grounds 1, , Building Maintenance Repairs & Maintenance Check 02/26/ Out Pressured Pressure Cleaning 02/ Check 02/26/ Out Pressured Pressure Cleaning 02/ Check 02/26/ Out Pressured Pressure Cleaning 02/ Check 02/26/ Victor Liburdi Babe's Hardware - concrete patch/roller/paintbrush - stain Check 02/26/ Victor Liburdi home depot - poly sheets to cover cars under carports while cleaning Total Repairs & Maintenance Total Building Maintenance Utilities 1, Water/Sewer Check 02/29/2016 EBT Sarasota County Montrose Drive (01/28/16-02/26/16) , Check 02/29/2016 EBT Sarasota County Montrose Drive (01/28/16-02/26/16) , Check 02/29/2016 EBT Sarasota County Montrose Drive (01/28/16-02/26/16) , Total Water/Sewer 1, , Electric Check 02/29/2016 EBT FP & L Montrose Drive (01/26/16-02/24/16) Check 02/29/2016 EBT FP & L Montrose Drive Check 02/29/2016 EBT FP & L Montrose Drive Total Electric Cable TV Check 02/12/2016 EBT Comcast Cable Communications February Monthly Cable , Total Cable TV , Total Utilities 2, , Administration 3, Insurance - Wind 0.00 Prepared By: Argus Management of Venice, Inc. Page 11

13 Accrual Basis Transaction Ledger by Account As of February 29, 2016 Type Date Num Name Memo Amount Balance Check 02/01/ Weston Insurance 2016 / windstorm Insurance - policy CFA , , Total Insurance - Wind 10, , Accounting Services 0.00 Check 02/26/ Hough & Company 2015 Tax Return completed by CPA Total Accounting Services Fees, Dues, License Check 02/01/ Florida Department of State 2016 Annual Report - #N Total Fees, Dues, License Management Fee Check 02/01/ Argus Management of Venice February Management / Total Management Fee Master Association Fees 2, Total Master Association Fees 2, Office Supplies, Postage, etc Check 02/01/ Argus Management of Venice December / January Administrative Check 02/01/ Argus Management of Venice December / January Postage Total Office Supplies, Postage, etc Total Administration 11, , Total Disbursements 15, , TOTAL Prepared By: Argus Management of Venice, Inc. Page 12

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