Westchester Gardens Condominium Association, Inc.

Transcription

1 Westchester Gardens Condominium Association, Inc. Managed by: Argus Management of Venice, Inc. 181 Center Road Venice, FL Office: (941) Fax: (941) association manager: Jim Leroy FINANCIAL STATEMENTS FOR THE PERIOD ENDING November 30, 2016 Reports Included: Balance Sheet Page 1 Accounts Receivable Summary Page 2 Reserve Transaction Summary Page 3-4 Reserve Expenses Detail Page 5 Month Budget vs. Month Income/Expense Page 6-7 YTD Budget vs. YTD Income/Expense Page Budget vs. YTD Income/Expense Page Budget vs. Monthly YTD Income/Expense Page Transaction Ledger by Account for Month Page Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: December 20, 2016 ~unaudited~

2 Balance Sheet As of November 30, 2016 ASSETS Current Assets Operating/Reserve Operating Account(s) Checking; BB&T 41, M/M; BB&T 95, Petty Cash Total Operating Account(s) 136, Reserve Account(s) M/M; BB&T 132, M/M; FCB 226, Stonegate M/M 225, Total Reserve Account(s) 583, Total Operating/Reserve 720, Accounts Receivable Assessment Receivable 5, Total Accounts Receivable 5, Other Current Assets Allowance for Doubtful Accounts (10,349.00) Prepaid Insurance (20,774.13) Pre Paid Payroll 2, Payments Posted Pending Deposit 2, Total Other Current Assets (25,986.53) Total Current Assets 700, TOTAL ASSETS 700, LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Prepaid Assessments 1, Accounts Payable 2, Deferred Assessments 50, Total Other Current Liabilities 53, Total Current Liabilities 53, Long Term Liabilities Reserve Fund 583, Total Long Term Liabilities 583, Total Liabilities 637, Equity Retained Earnings 87, Net Income (24,915.95) Total Equity 62, TOTAL LIABILITIES & EQUITY 700, Prepared By: Argus Management of Venice, Inc. Page 1

3 Accounts Receivable Summary As of November 30, 2016 OWED PREPAID Dunlea 1, Smith, Will C (0.95) Hogarth Ferrari Brinkman 1, Dowling 1, Dugan (1,145.00) Goldberg (5.10) Longueil, Paul H & Leslie Holman Donahue 1, TOTAL 5, (1,151.05) ACCOUNTS RECEIVABLE $5, PREPAID ASSESSMENTS ($1,151.05) Prepared By: Argus Management of Venice, Inc. Page 2

4 Reserve Transaction Summary January through November Reserve Fund Pool Beg. Bal. - Pool 6, Allocation - Pool 2, Total Pool 8, Roof-Bldg Clubhouse/Pool House Beg. Bal. - Roof Maintenance 7, Allocation - Roof Maintenance Total Roof-Bldg Clubhouse/Pool House 8, Pavement Resurface Beg. Bal. - Pavement Resurface 51, Allocation - Pavement Resurface 6, Total Pavement Resurface 57, Painting/Refurb/Bldg Rest Beg. Bal.- Bldg Restoration 146, Allocation - Bldg Restoration 37, Expense - Bldg Restoration (86,966.45) Transfer - Bldg Restoration 60, Total Painting/Refurb/Bldg Rest. 156, Carport Roofs Beg. Bal. - Carport Roofs 26, Allocation - Carport Roofs 17, Expense - Carport Roofs (13,800.00) Total Carport Roofs 30, Elevator Repair / Mod Beg. Bal. - Elevator Repair/Mod 91, Allocation -Elevator Repair/Mod 26, Total Elevator Repair / Mod 118, Story Strairs Beg. Bal. - 3 Story Strairs 17, Allocation - 3 Story Strairs 3, Total Story Strairs 21, Sewer Stacks Beg Bal - Sewer Stacks 63, Allocation - Sewer Stacks 44, Expense - Sewer Stacks (12,825.00) Total Sewer Stacks 95, Prepared By: Argus Management of Venice, Inc Page 3

5 Reserve Transaction Summary January through November BLDG 11 - Roof Beg Balance - Bldg 11 Roof 8, Allocation - Bldg 11 - Roof Total BLDG 11 - Roof 9, Bldg 3 - Roof Beg Balance - Bldg 3 - Roof 18, Allocation - Bldg 3 - Roof 4, Total Bldg 3 - Roof 22, Bldg 2 - Roof Beg Balance - Bldg 2 Roof 8, Allocation - Bldg 2 - Roof Total Bldg 2 - Roof 8, Bldgs 1 & 4-10 Roofs Beg Balance - Bldgs 1 & , Allocation Bldgs 1 & 4-10 Roof 7, Total Bldgs 1 & 4-10 Roofs 37, Deferred Maintenance Beg. Bal. - Deferred Maint 2, Allocation - Deferred Maint 5, Total Deferred Maintenance 8, Reserve Interest Earned YTD - Interest 1, Total Reserve Interest 1, Total Reserve Fund 583, TOTAL 583, Prepared By: Argus Management of Venice, Inc Page 4

6 Reserve Expenses Detail Type Date Num Name Memo Amount Reserve Fund Painting/Refurb/Bldg Rest Expense - Bldg Restoration Check 07/14/ Waterproofing Contractors Payment #1 - approval by Slider Engineer / (total project 156, change orders) (18,847.80) Check 07/28/ Slider Engineering field observation - covers services to 06/30/16 (3,861.70) Check 08/18/ Slider Engineering field observation - covers services to 07/31/16 inv (1,521.11) Check 09/27/ Slider Engineering inv / covers services to 08/31/16 (3,143.39) Check 10/25/ Slider Engineering inv / covers services to 09/30/16 (1,558.75) Check 11/30/ Slider Engineering inv / covers services to 10/31/16 (1,227.50) Check 11/30/ Waterproofing Contractors Payment #2 - approval by Slider Engineer / (total project 156, change orders) (56,806.20) Total Expense - Bldg Restoration (86,966.45) Total Painting/Refurb/Bldg Rest. (86,966.45) Carport Roofs Expense - Carport Roofs Check 10/17/ Peacock Painting Services Painting Carport Roofs - deposit (7,000.00) Check 10/28/ Peacock Painting Services Painting Carport Roofs - final payment job completed (6,800.00) Total Expense - Carport Roofs (13,800.00) Total Carport Roofs (13,800.00) Sewer Stacks Expense - Sewer Stacks Check 02/17/ Elemental Cleaning & Restoration 146/246 - kitchen stack 1st floor to 2nd floor vent / replaced with PVC (560.00) Check 02/17/ Elemental Cleaning & Restoration 146/246 - drain clean across during stack relacement (60.00) Check 02/17/ Elemental Cleaning & Restoration 146/246 - drywall repair at entries by light to knee wall on each floor (455.00) Check 02/17/ Elemental Cleaning & Restoration 117/217/317 - laundry stack / vent replace cast iron laundry stck with PVC ground to 3rd floor v... (1,365.00) Check 02/17/ Elemental Cleaning & Restoration 117/217/317 - drywall repair drywall to walls & ceiling of laundry area 1st & 2nd Walls only 3rd... (940.00) Check 02/17/ Elemental Cleaning & Restoration 114/214/314 - replace cast iron for guest w/c from ground to 2nd floor connected to vent - cast... (1,510.00) Check 02/17/ Elemental Cleaning & Restoration 114/214/314 - drywall repair to walls of laundry area 3 floor / ceiling 1st drywall behind baseb... (1,045.00) Check 02/17/ Elemental Cleaning & Restoration 134/234/334 - replace kitchen stack from ground to airvent on 3rd floor (920.00) Check 02/17/ Elemental Cleaning & Restoration 134/234/334 - drywall on all 3 floors behind dishwasher / behind knee wall (785.00) Check 02/17/ Elemental Cleaning & Restoration drain clean kitchen stack (65.00) Check 02/17/ Elemental Cleaning & Restoration 137/237/337 - kitchen stack from 1st to vent on 3rd / access entry wall and either knee wall (865.00) Check 02/17/ Elemental Cleaning & Restoration 137/237/337 - drywall to wall of entry each floor behind d/w on 3rd & knee on 1st & 2nd (700.00) Check 04/28/ Elemental Cleaning & Restoration 142/242 - replaced 2" lav stack from ground to vent - 3" toliet to stack from ground to vent 242 (770.00) Check 09/27/ GVM Group 404 Cerromar unit cast iron wast pepe removed two stacks through 3 floors (2,785.00) Total Expense - Sewer Stacks (12,825.00) Total Sewer Stacks (12,825.00) Total Reserve Fund (113,591.45) TOTAL (113,591.45) Prepared By: Argus Management of Venice, Inc Page 5

7 Month Budget vs. Month Income/Expenses Nov '16 Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 50, , Clubhouse Rental Fees Social Committee Sales & Lease Apps Late Fees Late Fees Interest Bank Interest Other Total Income 50, , Expense Disbursements Grounds Grounds Contract 2, , Ground Supplies (232.34) Plant/Shrub Replacement (250.00) Mulch Grounds - Depris Removal (100.00) Sod Replacement (83.33) Fertilization Irrigation Contract Irrigation Supplies/Repair (275.00) Payroll 4, , (3,346.48) Vehicle Expense Propane (25.00) Total Grounds 7, , (3,636.11) Building Maintenance Building Repairs 6, , , Building Supplies/Security , (566.12) Fire Alarm Inspection/Repairs (120.00) Termite Pest Control Clubhouse Cleaning Roof Cleaning Total Building Maintenance 6, , , Swimming Pool Pool Maintenance Contract Pool Supplies/Repairs (500.00) Pool Furniture (125.00) Total Swimming Pool (625.00) Utilities Water/Sewer 6, , (960.66) Electric , (238.01) Cable TV 7, , (323.27) Telephone (7.12) Total Utilities 14, , (1,529.06) Elevators Elevator Contract / Maint Elevator Inspections Total Elevators Prepared By: Argus Management of Venice, Inc Page 6

8 Month Budget vs. Month Income/Expenses Nov '16 Nov '16 (Under) Budget Inc / Exp Budget Over Budget Administration Insurance 10, , Legal (7,742.31) (8,017.31) Accounting (Audit) License & Fees Division Fees Management Fee 2, , Supplies, Postage, Printing (250.00) Misc / Expected Uncollected Transfer to Reserve 60, , Total Administration 65, , , Total Disbursements 96, , , Total Expense 96, , , Net Income (45,419.03) 2, (48,036.63) Prepared By: Argus Management of Venice, Inc Page 7

9 YTD Budget vs. YTD Income/Expenses Jan - Nov '16 Jan - Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income Assessments 551, , Clubhouse Rental Fees Social Committee Sales & Lease Apps 1, , Late Fees 1, , Late Fees Interest 1, , Bank Interest Other Total Income 555, , , Expense Disbursements Grounds Grounds Contract 28, , Ground Supplies 2, , (277.84) Plant/Shrub Replacement 2, , Mulch 6, , Grounds - Depris Removal , (1,100.00) Sod Replacement (916.63) Fertilization 9, , Irrigation Contract 2, , Irrigation Supplies/Repair 4, , , Payroll 64, , (17,658.37) Vehicle Expense , (997.99) Propane (25.23) Total Grounds 121, , (16,886.38) Building Maintenance Building Repairs 43, , , Building Supplies/Security 5, , (6,729.98) Fire Alarm Inspection/Repairs 2, , Termite 1, , Pest Control 6, , , Clubhouse Cleaning Roof Cleaning 9, , (2,205.00) Total Building Maintenance 69, , , Swimming Pool Pool Maintenance Contract 3, , (26.92) Pool Supplies/Repairs 2, , (3,270.05) Pool Furniture 1, , Total Swimming Pool 7, , (3,114.13) Utilities Water/Sewer 63, , (8,823.18) Electric 10, , (2,682.56) Cable TV 79, , (3,232.84) Telephone 2, , Total Utilities 156, , (14,726.87) Elevators Elevator Contract / Maint. 6, , , Elevator Inspections , (525.00) Total Elevators 7, , , Prepared By: Argus Management of Venice, Inc Page 8

10 YTD Budget vs. YTD Income/Expenses Jan - Nov '16 Jan - Nov '16 (Under) Budget Inc / Exp Budget Over Budget Administration Insurance 110, , Legal (1,137.93) 3, (4,162.93) Accounting (Audit) 4, , License & Fees (225.00) Division Fees Management Fee 30, , Supplies, Postage, Printing 4, , , Misc / Expected Uncollected 7, , Transfer to Reserve 60, , Total Administration 217, , , Total Disbursements 580, , , Total Expense 580, , , Net Income (24,915.95) (236.13) (24,679.82) Prepared By: Argus Management of Venice, Inc Page 9

11 2016 Budget vs. YTD Income/Expenses Jan - Nov ' (Under) Budget Inc / Exp Budget Over Budget Income Assessments 551, , (50,093.00) Clubhouse Rental Fees Social Committee Sales & Lease Apps 1, , Late Fees 1, , Late Fees Interest 1, , Bank Interest Other Total Income 555, , (45,817.52) Expense Disbursements Grounds Grounds Contract 28, , (2,600.00) Ground Supplies 2, , (527.84) Plant/Shrub Replacement 2, , (172.11) Mulch 6, , Grounds - Depris Removal , (1,200.00) Sod Replacement , (1,000.00) Fertilization 9, , (1,830.00) Irrigation Contract 2, , Irrigation Supplies/Repair 4, , , Payroll 64, , (25,158.37) Vehicle Expense , (1,147.99) Propane (50.23) Total Grounds 121, , (29,949.75) Building Maintenance Building Repairs 43, , , Building Supplies/Security 5, , (7,829.98) Fire Alarm Inspection/Repairs 2, , Termite 1, , Pest Control 6, , , Clubhouse Cleaning Roof Cleaning 9, , (2,205.00) Total Building Maintenance 69, , (1,153.44) Swimming Pool Pool Maintenance Contract 3, , (376.92) Pool Supplies/Repairs 2, , (3,770.05) Pool Furniture 1, , Total Swimming Pool 7, , (4,089.13) Utilities Water/Sewer 63, , (16,314.00) Electric 10, , (4,331.34) Cable TV 79, , (10,789.24) Telephone 2, , (187.04) Total Utilities 156, , (31,621.62) Elevators Elevator Contract / Maint. 6, , , Elevator Inspections , (525.00) Total Elevators 7, , , Prepared By: Argus Management of Venice, Inc Page 10

12 2016 Budget vs. YTD Income/Expenses Jan - Nov ' (Under) Budget Inc / Exp Budget Over Budget Administration Insurance 110, , (10,000.00) Legal (1,137.93) 3, (4,437.93) Accounting (Audit) 4, , License & Fees (225.00) Division Fees Management Fee 30, , (2,735.00) Supplies, Postage, Printing 4, , , Misc / Expected Uncollected 7, , (690.00) Transfer to Reserve 60, , Total Administration 217, , , Total Disbursements 580, , (20,901.57) Total Expense 580, , (20,901.57) Net Income (24,915.95) 0.00 (24,915.95) Prepared By: Argus Management of Venice, Inc Page 11

13 2016 Budget vs. Monthly YTD Income/Expenses Income / Expense 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 50, , , , , , , , , , , , , , % Clubhouse Rental Fees % Social Committee % Sales & Lease Apps , (1,300.00) 100.0% Late Fees (66.41) , (1,455.73) 100.0% Late Fees Interest , (1,364.22) 100.0% Bank Interest (155.53) 100.0% Other % Total Income 50, , , , , , , , , , , , , , % Expense Disbursements Grounds Grounds Contract 2, , , , , , , , , , , , , , % Ground Supplies , , , % Plant/Shrub Replacement , , (1,389.20) , , % Mulch , , , , (531.51) (8.86%) Grounds - Depris Removal , , % Sod Replacement , , % Fertilization , , , , , , , , % Irrigation Contract , (2,025.00) 100.0% Irrigation Supplies/Repair , , , , (1,180.28) (35.77%) Payroll 6, , , , , , , , , , , , , , % Vehicle Expense , , % Propane % Total Grounds 8, , , , , , , , , , , , , , % Building Maintenance Building Repairs , , , , , , , , , , (4,297.98) (10.85%) Building Supplies/Security , , , , % Fire Alarm Inspection/Repairs , , (708.56) (49.21%) Termite , , % Pest Control , , , , (3,425.00) (108.73%) Clubhouse Cleaning (450.00) 100.0% Roof Cleaning , , , , % Total Building Maintenance , , , , , , , , , , , , , % Swimming Pool Pool Maintenance Contract , , % Pool Supplies/Repairs , , , % Pool Furniture 1, , , (57.84) (3.86%) Total Swimming Pool 1, , , , , % Utilities Water/Sewer 6, , , , , , , , , , , , , , % Electric 1, , , , , , , % Cable TV 7, , , , , , , , , , , , , , % Telephone , , % Total Utilities 15, , , , , , , , , , , , , , % Prepared By: Argus Management of Venice, Inc Page 12

14 2016 Budget vs. Monthly YTD Income/Expenses Income / Expense 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 % Elevators Elevator Contract / Maint , , , (2,109.00) (45.65%) Elevator Inspections , % Total Elevators , , , , (1,584.00) (27.22%) Administration Insurance 10, , , , , , , , , , , , , , % Legal , , (7,742.31) (1,137.93) 3, , % Accounting (Audit) 2, , , , (273.00) (5.79%) License & Fees % Division Fees (225.25) (31.42%) Management Fee 2, , , , , , , , , , , , , , % Supplies, Postage, Printing , , , , (1,918.05) (63.94%) Misc / Expected Uncollected , , % Transfer to Reserve , , (60,000.00) 100.0% Total Administration 17, , , , , , , , , , , , , (44,328.37) (25.56%) Total Disbursements 44, , , , , , , , , , , , , , % Total Expense 44, , , , , , , , , , , , , Net Income 6, , (614.09) (5,271.07) 9, , , (3,063.73) 5, (1,877.55) (45,419.03) (24,915.95) 0.00 Prepared By: Argus Management of Venice, Inc Page 13

15 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Operating Account(s) 217, Checking; BB&T 122, Check 11/04/ Argus Management of Venice - Payroll payroll week end 11/11 (2,103.43) 119, Deposit 11/04/2016 Deposit~ , Check 11/04/2016 EBT Comcast Cable Communications ( November ) (7,233.13) 112, Deposit 11/08/2016 Deposit* 1, , Check 11/15/2016 EBT Frontier Communications (94.51) 113, Check 11/15/ Bay Area Restorations inv painting stairs (1,395.00) 112, Check 11/15/ Florida Elevator service call - inv 1539 (212.00) 112, Check 11/15/ Hoskins Pest Control Rodent Bait - account (100.00) 112, Check 11/15/ Florida Elevator November Mthly Service (345.00) 111, Check 11/15/ Charles Deranleau outside Lights purchased - reimbursement (383.88) 111, Check 11/15/ Terry's Plumbing Service, Inc. inv sump pum in elev (428.00) 111, Check 11/15/ Elemental Cleaning & Restoration inv shut off at pool (225.00) 110, Check 11/15/ Elemental Cleaning & Restoration inv Bldg 4 outside hose facet (140.00) 110, Check 11/15/ Sharon Vander Wulp, PA Wood & Saleh / inv (285.00) 110, Check 11/15/ Sharon Vander Wulp, PA Retrofit Report - inv (228.00) 110, Check 11/15/ Kimco Construction Inc inv 2135 (300.00) 109, Check 11/15/ Hoskins Pest Control / Irrigation Irrigation - Monthly Inspection (675.00) 109, Check 11/15/ All Phase Lawn & Tree October Monthly Lawn Service (2,600.00) 106, Check 11/18/ Argus Management of Venice - Payroll payroll week end 11/23 (2,050.09) 104, Check 11/18/ Premium Assignment Loan (5,772.96) 98, Deposit 11/21/2016 Deposit~ 21, , Check 11/28/2016 EBT FP & L 09/27/16-10/26/16 (956.71) 119, Transfer 11/29/2016 trans from op to res bldg restoration (60,000.00) 59, Check 11/29/ Jason Mullins Millage (151.04) 59, Check 11/29/ John & Debra Idzelis Overpayment - Refund (400.00) 59, Check 11/29/ william Boehmer Refund - Overpayment on Qtrly Maintenance (583.34) 58, Check 11/30/ Kenneth & Barbara Harrison Refund overpayment on Qtrly (57.75) 58, Check 11/30/ Joseph & Denise Cifaldi Refund - Overpayment (395.00) 57, Check 11/30/ Alan & Eudra Howell Refund - Overpayment Qtrly Maint (1,110.00) 56, Check 11/30/ John & Jessica Covais Refund - Overpayment Qtrly Maint (30.20) 56, Check 11/30/ Michael & Kathleen Casey Refund Overpayment Qtrly Maint (1,025.95) 55, Check 11/30/ Cynthia A Morris Refund Overpayment - Qtrly Maint (5.06) 55, Check 11/30/ Hubert & Helen Vergeer Refund - Overpayment on Qtr Dues (10.00) 55, Check 11/30/ Franklin Goldberg VOID: Refund Overpayment Qtr Dues , Check 11/30/ Howard James Adams Refund Overpayment Qtr Dues (1,155.00) 54, Check 11/30/ Vincent Hebel Refund Overpayment Qtrly Maint (22.34) 54, Check 11/30/ Elemental Cleaning & Restoration Inv 1404 / Unit 137 (200.00) 54, Check 11/30/ Edgewood Nurseries INV (17.66) 54, Check 11/30/ Magic Wash Exterior Cleaning Pressure Washing patios / walkways / carport cleaning (3,260.00) 51, Check 11/30/ Elemental Cleaning & Restoration Inv 1373 / Unit 123 (150.00) 50, Check 11/30/ Elemental Cleaning & Restoration inv 1372 / bldg 3 (150.00) 50, Check 11/30/ Elemental Cleaning & Restoration inv 1391 / Bldg 4 (140.00) 50, Check 11/30/ Elemental Cleaning & Restoration inv 1390 / Pool Area (225.00) 50, Check 11/30/ DR Aluminium Aluminum Posts - carport repair (225.00) 50, Prepared By: Argus Management of Venice, Inc, Page 14

16 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Check 11/30/ Alliance Fire & Safety Hydrant Inspection - SPE31560 (150.00) 50, Check 11/30/ Frontier (97.12) 49, Check 11/30/ All Phase Lawn & Tree November Monthly Lawn Service (2,600.00) 47, Check 11/30/2016 EBT Sarasota County Enviromental Utilities (10/28/16-11/29/16) (6,432.79) 40, Deposit 11/30/2016 interest earned , General Journal 11/30/2016 R SW Fl Water & Mold Removal, LLC Reverse of GJE -- For CHK 4821 voided on 11/30/ , Total Checking; BB&T (80,936.18) 41, M/M; BB&T 95, Deposit 11/30/2016 interest earned , Total M/M; BB&T , Petty Cash Total Petty Cash Total Operating Account(s) (80,928.34) 136, Reserve Account(s) 581, M/M; BB&T 130, Transfer 11/29/2016 trans from op to res bldg restoration 60, , Check 11/30/ Slider Engineering inv / covers service to 10/31/16 (1,227.50) 189, Check 11/30/ Waterproofing Contractors payment #2 - slider approved (56,806.20) 132, Deposit 11/30/2016 interest earned , Total M/M; BB&T 1, , M/M; FCB 226, Deposit 11/30/2016 interest earned , Total M/M; FCB , Stonegate M/M 225, Deposit 11/30/2016 interest earned , Total Stonegate M/M , Total Reserve Account(s) 2, , Assessment Receivable 20, Stmt Charge 11/01/ Wood / Saleh Interest - 18% Per Annum September 15 - September 30, , General Journal 11/01/2016 rev pp asmt Suspense Customer rev adj pp asmts (4,800.69) 15, Stmt Charge 11/02/ Wood / Saleh Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Wood / Saleh Interest - 18% Per Annum October , Prepared By: Argus Management of Venice, Inc, Page 15

17 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Stmt Charge 11/02/ Cicciarelli / White Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Donahue Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Haras, Steven & Mary S Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Dunlea Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Hogarth Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Dowling Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Jennings, Carol L Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Brinkman Late Fee - 5% of Quarterly Assessment , Stmt Charge 11/02/ Cicciarelli / White Interest - 18% Per Annum October , Stmt Charge 11/02/ Donahue Interest - 18% Per Annum October , Stmt Charge 11/02/ Haras, Steven & Mary S Interest - 18% Per Annum October , Stmt Charge 11/02/ Dunlea Interest - 18% Per Annum October , Stmt Charge 11/02/ Hogarth Interest - 18% Per Annum October , Stmt Charge 11/02/ Dowling Interest - 18% Per Annum October , Stmt Charge 11/02/ Jennings, Carol L Interest - 18% Per Annum October , Stmt Charge 11/02/ Brinkman Interest - 18% Per Annum October , Payment 11/03/ Inglis 4th Qtr 2016 (1,155.00) 15, Stmt Charge 11/08/ Haras, Steven & Mary S Late Fee - 5% of Quarterly Assessment - WAIVED. NEW OWNERS (fmm) (57.25) 15, Stmt Charge 11/08/ Haras, Steven & Mary S Interest - 18% Per Annum - WAIVED. NEW OWNERS (fmm) (17.65) 15, Payment 11/08/ Hogarth 4th Qtr 2016 (1,155.00) 13, Stmt Charge 11/08/ Wood / Saleh Attorney's Fees as per letter dated 11/08/16 8, , Payment 11/10/ Wood / Saleh past due asmt, interest, late & legal fees (19,472.16) 2, Payment 11/14/ Haras, Steven & Mary S 4th Qtr 2016 (1,155.00) 1, Payment 11/28/ Cicciarelli / White 4th Qtr Late Fee & Interest (Paid by Big Sun, LLC) (1,247.06) Payment 11/29/ Jennings, Carol L 4th Qtr Late Fee & Interest (1,229.90) (923.92) Check 11/29/ Idzelis Refund - overpayment on Quarterly Maintenance (523.92) Check 11/29/ Boehmer Refund on Overpayment of Qtrly Assessments Stmt Charge 11/30/ Donahue Interest - 18% Per Annum November Stmt Charge 11/30/ Dunlea Interest - 18% Per Annum November Stmt Charge 11/30/ Dowling Interest - 18% Per Annum November Stmt Charge 11/30/ Brinkman Interest - 18% Per Annum November Check 11/30/ Harrison Refund on overpayment Qtrly Maintenance Check 11/30/ Cifaldi Overpayment of Quarterly Maintenance - Refund Check 11/30/ Howell Refund - Overpayment Quarterly Maintenance 1, , Check 11/30/ Covais Refund Overpayment of Quarterly Maintenance , Check 11/30/ Casey Refund Overpayment of Qtrly Maintenance 1, , Check 11/30/ Morris, Cynthia A Overpayment - Refund of Qtrly Maintenance , Check 11/30/ Vergeer Refund Overpayment of Qtrly Maint , Check 11/30/ Goldberg VOID: refund / Overpayment of Quarterly Maintenance , Check 11/30/ Adams Refund / Overpayment of Qtrly Maintenance 1, , Check 11/30/ Hebel Refund Overpayment Quarterly Maint , General Journal 11/30/2016 pp asmt Suspense Customer adj pp asmts 1, , Total Assessment Receivable (15,308.25) 5, Allowance for Doubtful Accounts (9,659.00) Prepared By: Argus Management of Venice, Inc, Page 16

18 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance General Journal 11/02/2016 mthly adj for doubtful accts (690.00) (10,349.00) Total Allowance for Doubtful Accounts (690.00) (10,349.00) Prepaid Insurance (16,547.09) General Journal 11/02/ mthly pp insur adj (10,000.00) (26,547.09) Check 11/18/ Premium Assignment Loan of 11 Payments 5, (20,774.13) Total Prepaid Insurance (4,227.04) (20,774.13) Prepaid Expense 2, General Journal 11/30/2016 Argus Management of Venice November Management Fee (2,735.00) 0.00 Total Prepaid Expense (2,735.00) Pre Paid Payroll 2, Total Pre Paid Payroll 2, Payments Posted Pending Deposit 0.00 Payment 11/03/ Inglis 4th Qtr , , Payment 11/08/ Hogarth 4th Qtr , , Deposit 11/08/ Hogarth 4th Qtr 2016 (1,155.00) 1, Payment 11/10/ Wood / Saleh past due asmt, interest, late & legal fees 19, , Payment 11/14/ Haras, Steven & Mary S 4th Qtr , , Deposit 11/21/ Inglis 4th Qtr 2016 (1,155.00) 20, Deposit 11/21/ Wood / Saleh past due asmt, interest, late & legal fees (19,472.16) 1, Deposit 11/21/ Haras, Steven & Mary S 4th Qtr 2016 (1,155.00) 0.00 Payment 11/28/ Cicciarelli / White 4th Qtr Late Fee & Interest (Paid by Big Sun, LLC) 1, , Payment 11/29/ Jennings, Carol L 4th Qtr Late Fee & Interest 1, , Total Payments Posted Pending Deposit 2, , Prepaid Assessments (4,800.69) General Journal 11/01/2016 rev pp asmt Suspense Customer rev adj pp asmts 4, General Journal 11/30/2016 pp asmt Suspense Customer adj pp asmts (1,151.05) (1,151.05) Total Prepaid Assessments 3, (1,151.05) Accounts Payable (4,780.00) Check 11/15/ All Phase Lawn & Tree October Monthly Lawn Service. 2, (2,180.00) General Journal 11/30/2016 A/P Southwest Pools November Monthly Service - 3 days a week (350.00) (2,530.00) Total Accounts Payable 2, (2,530.00) Deferred Assessments (100,186.00) General Journal 11/02/ mthly op alloc 50, (50,093.00) Prepared By: Argus Management of Venice, Inc, Page 17

19 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Total Deferred Assessments 50, (50,093.00) Reserve Fund (581,815.88) Pool (8,402.55) Beg. Bal. - Pool (6,166.55) Total Beg. Bal. - Pool (6,166.55) Allocation - Pool (2,236.00) Total Allocation - Pool (2,236.00) Total Pool (8,402.55) Roof-Bldg Clubhouse/Pool House (8,518.68) Beg. Bal. - Roof Maintenance (7,926.68) Total Beg. Bal. - Roof Maintenance (7,926.68) Allocation - Roof Maintenance (592.00) Total Allocation - Roof Maintenance (592.00) Total Roof-Bldg Clubhouse/Pool House (8,518.68) Pavement Resurface (57,938.19) Beg. Bal. - Pavement Resurface (51,938.19) Total Beg. Bal. - Pavement Resurface (51,938.19) Allocation - Pavement Resurface (6,000.00) Total Allocation - Pavement Resurface (6,000.00) Total Pavement Resurface (57,938.19) Painting/Refurb/Bldg Rest. (154,831.51) Beg. Bal.- Bldg Restoration (146,131.26) Total Beg. Bal.- Bldg Restoration (146,131.26) Allocation - Bldg Restoration (37,633.00) Total Allocation - Bldg Restoration (37,633.00) Prepared By: Argus Management of Venice, Inc, Page 18

20 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Expense - Bldg Restoration 28, Check 11/30/ Slider Engineering inv / covers services to 10/31/16 1, , Check 11/30/ Waterproofing Contractors Payment #2 - approval by Slider Engineer / (total project 156, change orders) 56, , Total Expense - Bldg Restoration 58, , Transfer - Bldg Restoration 0.00 General Journal 11/01/2016 trans from op (60,000.00) (60,000.00) Total Transfer - Bldg Restoration (60,000.00) (60,000.00) Total Painting/Refurb/Bldg Rest. (1,966.30) (156,797.81) Carport Roofs (30,065.26) Beg. Bal. - Carport Roofs (26,474.26) Total Beg. Bal. - Carport Roofs (26,474.26) Allocation - Carport Roofs (17,391.00) Total Allocation - Carport Roofs (17,391.00) Expense - Carport Roofs 13, Total Expense - Carport Roofs 13, Total Carport Roofs (30,065.26) Elevator Repair / Mod (118,075.74) Beg. Bal. - Elevator Repair/Mod (91,730.74) Total Beg. Bal. - Elevator Repair/Mod (91,730.74) Allocation -Elevator Repair/Mod (26,345.00) Total Allocation -Elevator Repair/Mod (26,345.00) Total Elevator Repair / Mod (118,075.74) Story Strairs (21,217.09) Beg. Bal. - 3 Story Strairs (17,544.09) Total Beg. Bal. - 3 Story Strairs (17,544.09) Prepared By: Argus Management of Venice, Inc, Page 19

21 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Allocation - 3 Story Strairs (3,673.00) Total Allocation - 3 Story Strairs (3,673.00) Total Story Strairs (21,217.09) Sewer Stacks (95,145.64) Beg Bal - Sewer Stacks (63,670.64) Total Beg Bal - Sewer Stacks (63,670.64) Allocation - Sewer Stacks (44,300.00) Total Allocation - Sewer Stacks (44,300.00) Expense - Sewer Stacks 12, Total Expense - Sewer Stacks 12, Total Sewer Stacks (95,145.64) BLDG 11 - Roof (9,382.95) Beg Balance - Bldg 11 Roof (8,683.95) Total Beg Balance - Bldg 11 Roof (8,683.95) Allocation - Bldg 11 - Roof (699.00) Total Allocation - Bldg 11 - Roof (699.00) Total BLDG 11 - Roof (9,382.95) Bldg 3 - Roof (22,651.15) Beg Balance - Bldg 3 - Roof (18,398.15) Total Beg Balance - Bldg 3 - Roof (18,398.15) Allocation - Bldg 3 - Roof (4,253.00) Total Allocation - Bldg 3 - Roof (4,253.00) Total Bldg 3 - Roof (22,651.15) Bldg 2 - Roof (8,744.76) Prepared By: Argus Management of Venice, Inc, Page 20

22 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Beg Balance - Bldg 2 Roof (8,114.76) Total Beg Balance - Bldg 2 Roof (8,114.76) Allocation - Bldg 2 - Roof (630.00) Total Allocation - Bldg 2 - Roof (630.00) Total Bldg 2 - Roof (8,744.76) Bldgs 1 & 4-10 Roofs (37,379.48) Beg Balance - Bldgs 1 & 4-10 (30,067.48) Total Beg Balance - Bldgs 1 & 4-10 (30,067.48) Allocation Bldgs 1 & 4-10 Roof (7,312.00) Total Allocation Bldgs 1 & 4-10 Roof (7,312.00) Total Bldgs 1 & 4-10 Roofs (37,379.48) Deferred Maintenance (8,000.00) Beg. Bal. - Deferred Maint (2,500.00) Total Beg. Bal. - Deferred Maint (2,500.00) Allocation - Deferred Maint (5,500.00) Total Allocation - Deferred Maint (5,500.00) Total Deferred Maintenance (8,000.00) Reserve Interest (1,462.88) Earned YTD - Interest (1,462.88) Deposit 11/30/2016 interest earned (111.65) (1,574.53) Deposit 11/30/2016 interest earned (64.79) (1,639.32) Deposit 11/30/2016 interest earned (11.15) (1,650.47) Total Earned YTD - Interest (187.59) (1,650.47) Total Reserve Interest (187.59) (1,650.47) Total Reserve Fund (2,153.89) (583,969.77) Prepared By: Argus Management of Venice, Inc, Page 21

23 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Retained Earnings (87,207.91) Total Retained Earnings (87,207.91) Assessments (500,930.00) General Journal 11/02/ mthly op alloc (50,093.00) (551,023.00) Total Assessments (50,093.00) (551,023.00) Sales & Lease Apps (1,200.00) Deposit 11/04/ Dianne M & William S Ide Sale App #235 (Wood & Saleh to Wood) 10/28/16 (50.00) (1,250.00) Deposit 11/04/ Home & Condo Rentals, Inc. Rental App #328 (Hamilton to Iler) 12/19/16 to 01/31/17 (50.00) (1,300.00) Total Sales & Lease Apps (100.00) (1,300.00) Late Fees (997.73) Stmt Charge 11/02/ Wood / Saleh Late Fee - 5% of Quarterly Assessment (57.25) (1,054.98) Stmt Charge 11/02/ Cicciarelli / White Late Fee - 5% of Quarterly Assessment (57.25) (1,112.23) Stmt Charge 11/02/ Donahue Late Fee - 5% of Quarterly Assessment (57.25) (1,169.48) Stmt Charge 11/02/ Haras, Steven & Mary S Late Fee - 5% of Quarterly Assessment (57.25) (1,226.73) Stmt Charge 11/02/ Dunlea Late Fee - 5% of Quarterly Assessment (57.25) (1,283.98) Stmt Charge 11/02/ Hogarth Late Fee - 5% of Quarterly Assessment (57.25) (1,341.23) Stmt Charge 11/02/ Dowling Late Fee - 5% of Quarterly Assessment (57.25) (1,398.48) Stmt Charge 11/02/ Jennings, Carol L Late Fee - 5% of Quarterly Assessment (57.25) (1,455.73) Stmt Charge 11/02/ Brinkman Late Fee - 5% of Quarterly Assessment (57.25) (1,512.98) Stmt Charge 11/08/ Haras, Steven & Mary S Late Fee - 5% of Quarterly Assessment - WAIVED. NEW OWNERS (fmm) (1,455.73) Total Late Fees (458.00) (1,455.73) Late Fees Interest (1,116.66) Stmt Charge 11/01/ Wood / Saleh Interest - 18% Per Annum September 15 - September 30, 2016 (28.65) (1,145.31) Stmt Charge 11/02/ Wood / Saleh Interest - 18% Per Annum October 2016 (24.76) (1,170.07) Stmt Charge 11/02/ Cicciarelli / White Interest - 18% Per Annum October 2016 (17.65) (1,187.72) Stmt Charge 11/02/ Donahue Interest - 18% Per Annum October 2016 (17.65) (1,205.37) Stmt Charge 11/02/ Haras, Steven & Mary S Interest - 18% Per Annum October 2016 (17.65) (1,223.02) Stmt Charge 11/02/ Dunlea Interest - 18% Per Annum October 2016 (17.65) (1,240.67) Stmt Charge 11/02/ Hogarth Interest - 18% Per Annum October 2016 (17.65) (1,258.32) Stmt Charge 11/02/ Dowling Interest - 18% Per Annum October 2016 (17.65) (1,275.97) Stmt Charge 11/02/ Jennings, Carol L Interest - 18% Per Annum October 2016 (17.65) (1,293.62) Stmt Charge 11/02/ Brinkman Interest - 18% Per Annum October 2016 (17.65) (1,311.27) Stmt Charge 11/08/ Haras, Steven & Mary S Interest - 18% Per Annum - WAIVED. NEW OWNERS (fmm) (1,293.62) Stmt Charge 11/30/ Donahue Interest - 18% Per Annum November 2016 (17.65) (1,311.27) Stmt Charge 11/30/ Dunlea Interest - 18% Per Annum November 2016 (17.65) (1,328.92) Stmt Charge 11/30/ Dowling Interest - 18% Per Annum November 2016 (17.65) (1,346.57) Stmt Charge 11/30/ Brinkman Interest - 18% Per Annum November 2016 (17.65) (1,364.22) Prepared By: Argus Management of Venice, Inc, Page 22

24 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Total Late Fees Interest (247.56) (1,364.22) Bank Interest (145.07) Deposit 11/30/2016 interest earned (2.62) (147.69) Deposit 11/30/2016 interest earned (7.84) (155.53) Total Bank Interest (10.46) (155.53) Disbursements 483, Grounds 114, Grounds Contract 26, Check 11/30/ All Phase Lawn & Tree November Monthly Lawn Service. 2, , Total Grounds Contract 2, , Ground Supplies 2, Check 11/30/ Edgewood Nurseries River Rock / build 5 where mud goes on Building - inv , Total Ground Supplies , Plant/Shrub Replacement 2, Total Plant/Shrub Replacement 2, Mulch 6, Total Mulch 6, Fertilization 9, Total Fertilization 9, Irrigation Contract 1, Check 11/15/ Hoskins Pest Control / Irrigation 11/04 - Irrigation Mthly Inspection , Total Irrigation Contract , Irrigation Supplies/Repair 4, Total Irrigation Supplies/Repair 4, Payroll 60, Check 11/04/ Argus Management of Venice - Payroll Mullins - 80 hrs week end 11/11 2, , Check 11/18/ Argus Management of Venice - Payroll Mullins - 80 hrs week end 11/23 2, , Total Payroll 4, , Vehicle Expense Prepared By: Argus Management of Venice, Inc, Page 23

25 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Check 11/29/ Jason Mullins November Milage Total Vehicle Expense Propane Total Propane Total Grounds 7, , Building Maintenance 62, Building Repairs 37, Check 11/15/ Bay Area Restorations 3 sets stairs painted / sand down rust / prime 1, , Check 11/15/ Bay Area Restorations carport doors - installed new doors / purchased by association , Check 11/15/ Bay Area Restorations materials , Check 11/15/ Bay Area Restorations carport post painting - primed rust / finish paint , Check 11/15/ Elemental Cleaning & Restoration replaced shut off valve / hose bib left side of pool outside of office , Check 11/15/ Elemental Cleaning & Restoration Bldg 4 - replace outside hose facet to left side of trash shoot - inv , Check 11/15/ Kimco Construction Inc add temporay shoring on stair stringer & tread building , Check 11/30/ Elemental Cleaning & Restoration 11/30 - #137 / backup in entire unit - tub & shower fully backed up with settlement - inv , Check 11/30/ Magic Wash Exterior Cleaning Final Payment 30 patios no arbors / 37 patios arbors included / walkways around clubhouse / , , Check 11/30/ Elemental Cleaning & Restoration 09/30 - replace Hose bib behind #123 inv , Check 11/30/ Elemental Cleaning & Restoration 09/30 - replace hose bib to right side of Bldg 3 - inv , Check 11/30/ Elemental Cleaning & Restoration 11/04 / replaced outside hose facet to left side of left trash shhhot - bldg , Check 11/30/ Elemental Cleaning & Restoration 11/04 - replaced shut off valve & hose bib left side of pool outside of office - inv , Check 11/30/ DR Aluminium Bldg 4 / replace post - # , General Journal 11/30/2016 R SW Fl Water & Mold Removal, LLC Reverse of GJE -- For CHK 4821 voided on 11/30/16 (145.00) 43, Total Building Repairs 6, , Building Supplies/Security 4, Check 11/15/ Charles Deranleau Lighting Direct.com - 12 outside light fixtures , Check 11/30/ Alliance Fire & Safety 10/21/16 - Hydrant Annual Maitnenance inspection inv SPE , Total Building Supplies/Security , Fire Alarm Inspection/Repairs 2, Total Fire Alarm Inspection/Repairs 2, Termite 1, Total Termite 1, Pest Control 6, Check 11/15/ Hoskins Pest Control 11/08 - rodent bait monthly inv , Total Pest Control , Prepared By: Argus Management of Venice, Inc, Page 24

26 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Clubhouse Cleaning Total Clubhouse Cleaning Roof Cleaning 9, Total Roof Cleaning 9, Total Building Maintenance 6, , Swimming Pool 7, Pool Maintenance Contract 3, General Journal 11/30/2016 A/P Southwest Pools November Monthly Service - 3 days a week , Total Pool Maintenance Contract , Pool Supplies/Repairs 2, Total Pool Supplies/Repairs 2, Pool Furniture 1, Total Pool Furniture 1, Total Swimming Pool , Utilities 141, Water/Sewer 57, Check 11/30/2016 EBT Sarasota County Enviromental Utilities N Cerromar Cir Mtrs; Base Billing Charge - (10/28/16-11/29/16) , Check 11/30/2016 EBT Sarasota County Enviromental Utilities Water 2, , Check 11/30/2016 EBT Sarasota County Enviromental Utilities Sewer 4, , Total Water/Sewer 6, , Electric 9, Check 11/28/2016 EBT FP & L Bldg (09/27/16-10/26/16) , Check 11/28/2016 EBT FP & L Bldg , Check 11/28/2016 EBT FP & L Bath House , Check 11/28/2016 EBT FP & L Bldg , Check 11/28/2016 EBT FP & L Bldg , Check 11/28/2016 EBT FP & L Bldg , Check 11/28/2016 EBT FP & L Bldg 3 Pump , Check 11/28/2016 EBT FP & L Bldg , Total Electric , Prepared By: Argus Management of Venice, Inc, Page 25

27 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Cable TV 72, Check 11/04/2016 EBT Comcast Cable Communications ( November ) 7, , Total Cable TV 7, , Telephone 2, Check 11/15/2016 EBT Frontier Communications (10/22/16-11/21/16) , Check 11/30/ Frontier (11/16-12/15) , Total Telephone , Total Utilities 14, , Elevators 6, Elevator Contract / Maint. 5, Check 11/15/ Florida Elevator 11/03 - service call on / assisted plumber and opened pit for access , Check 11/15/ Florida Elevator November Monthly Service - inv , Check 11/15/ Terry's Plumbing Service, Inc. 11/03 - sump pump bad in elevator pit - met with elevator guy to install , Total Elevator Contract / Maint , Elevator Inspections Total Elevator Inspections Total Elevators , Administration 152, Insurance 100, General Journal 11/02/ mthly pp insur adj 10, , Total Insurance 10, , Legal 6, Stmt Charge 11/08/ Wood / Saleh Attorney's Fees as per letter dated 11/08/16 (8,255.31) (1,650.93) Check 11/15/ Sharon Vander Wulp, PA 10/26 - telephone with Esq. estoppel other issues of litigated file / send original affidavit of (1,365.93) Check 11/15/ Sharon Vander Wulp, PA 10/24 - prepare cert of opting out report / final form to Mgr for sign (1,137.93) Total Legal (7,742.31) (1,137.93) Accounting (Audit) 4, Total Accounting (Audit) 4, Prepared By: Argus Management of Venice, Inc, Page 26

28 Transaction Ledger by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance License & Fees Total License & Fees Division Fees Total Division Fees Management Fee 27, General Journal 11/30/2016 Argus Management of Venice November Management Fee 2, , Total Management Fee 2, , Supplies, Postage, Printing 4, Total Supplies, Postage, Printing 4, Misc / Expected Uncollected 6, General Journal 11/02/2016 mthly adj to allowance for doubtful accts , Total Misc / Expected Uncollected , Transfer to Reserve 0.00 General Journal 11/01/2016 trans to Bldg Restoration 60, , Total Transfer to Reserve 60, , Total Administration 65, , Total Disbursements 96, , TOTAL Prepared By: Argus Management of Venice, Inc, Page 27

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