Tierra Catalina ( ) Page 1

Tierra Catalina (02-0067) Page 1 Balance Sheet Period = Mar 2017 Current Balance ASSETS CURRENT ASSETS Cash Bank of Tucson 15,273.25 Alliance Bank - Reserve 165,480.22 Bank of Tucson - Reserve 23,096.00 Total Cash 203,849.47 Receivables Tenant Receivables Tenant Receivables 27,090.57 Total Tenant Receivables 27,090.57 Total Receivables 27,090.57 Prepaid Expenses Prepaid Insurance 1,982.41 Total Prepaid Expenses 1,982.41 TOTAL CURRENT ASSETS 232,922.45 FIXED ASSETS INVESTMENTS TOTAL ASSETS 232,922.45 LIABILITIES & CAPITAL LIABILITIES CURRENT LIABILITIES Prepaid Rent/Deferred Revenue Prepaid Rent 4,855.53 Total Prepaid Rent/Deferred Revenue 4,855.53 Security Deposits Refundable Key Deposits 850.00 Total Security Deposits 850.00 TOTAL CURRENT LIABILITIES 5,705.53 LONG-TERM LIABILITIES TOTAL LIABILITIES 5,705.53 CAPITAL Retained Earnings Retained Earnings 263,705.31 Current Year Earnings -36,488.39 Total Retained Earnings 227,216.92 TOTAL CAPITAL 227,216.92 TOTAL LIABILITIES & CAPITAL 232,922.45

Tierra Catalina (02-0067) Page 1 Budget Comparison Cash Flow Period = Mar 2017 INCOME OPERATING INCOME REVENUE PTD Actual PTD Budget Variance % Var YTD Actual YTD Budget Variance % Var Annual HOA REVENUE Assessments 26,303.00 26,303.00 0.00 0.00 78,909.00 78,909.00 0.00 0.00 315,636.00 Reserve Fees 1,176.00 0.00 1,176.00 N/A 1,176.00 0.00 1,176.00 N/A 0.00 TOTAL HOA REVENUE 27,479.00 26,303.00 1,176.00 4.47 80,085.00 78,909.00 1,176.00 1.49 315,636.00 RENTAL INCOME RENTAL CHARGES OTHER INCOME Club House Rental 75.00 20.00 55.00 275.00 75.00 60.00 15.00 25.00 240.00 Interest Income 0.00 30.00-30.00-100.00 40.12 90.00-49.88-55.42 360.00 Key/Lock/Gate Fee 50.00 75.00-25.00-33.33 75.00 225.00-150.00-66.67 900.00 Late Charges 105.00 150.00-45.00-30.00 375.00 450.00-75.00-16.67 1,800.00 Other 0.00 0.00 0.00 N/A -600.00 0.00-600.00 N/A 0.00 Transfer Fees 530.00 250.00 280.00 112.00 530.00 750.00-220.00-29.33 3,000.00 Utility Fees/Rubs 4,890.90 3,100.00 1,790.90 57.77 13,795.33 9,300.00 4,495.33 48.34 37,200.00 TOTAL OTHER INCOME 5,650.90 3,625.00 2,025.90 55.89 14,290.45 10,875.00 3,415.45 31.41 43,500.00 TOTAL REVENUE 33,129.90 29,928.00 3,201.90 10.70 94,375.45 89,784.00 4,591.45 5.11 359,136.00 OPERATING EXPENSES PAYROLL EXPENSE Miscellaneous Pay/Temp Labor 0.00 400.00 400.00 100.00 11.88 1,200.00 1,188.12 99.01 4,800.00 SUTA Taxes 0.00 10.00 10.00 100.00 0.36 30.00 29.64 98.80 120.00 Workmans Compensation 0.00 20.00 20.00 100.00 0.59 60.00 59.41 99.02 240.00 TOTAL PAYROLL EXPENSE 0.00 430.00 430.00 100.00 12.83 1,290.00 1,277.17 99.01 5,160.00 GENERAL & ADMINISTRATIVE

Tierra Catalina (02-0067) Page 2 Budget Comparison Cash Flow Period = Mar 2017 PTD Actual PTD Budget Variance % Var YTD Actual YTD Budget Variance % Var Annual Accounting Fees 0.00 260.00 260.00 100.00 265.00 260.00-5.00-1.92 260.00 Legal Fees 0.00 125.00 125.00 100.00 378.00 375.00-3.00-0.80 1,500.00 Management Fees 1,600.00 1,600.00 0.00 0.00 4,800.00 4,800.00 0.00 0.00 19,200.00 Office Expense 2.93 15.00 12.07 80.47 56.41 45.00-11.41-25.36 180.00 Permits/Licenses 0.00 10.00 10.00 100.00 0.00 10.00 10.00 100.00 934.00 Postage 22.34 40.00 17.66 44.15 180.56 120.00-60.56-50.47 480.00 Phones/Pagers 0.00 20.00 20.00 100.00 0.00 60.00 60.00 100.00 240.00 Travel & Lodging 0.00 40.00 40.00 100.00 0.00 120.00 120.00 100.00 480.00 TOTAL GENERAL & ADMI... 1,625.27 2,110.00 484.73 22.97 5,679.97 5,790.00 110.03 1.90 23,274.00 UTILITIES Electric 1,224.67 710.00-514.67-72.49 1,999.33 2,130.00 130.67 6.13 8,520.00 Gas 1,990.75 1,500.00-490.75-32.72 4,338.48 3,400.00-938.48-27.60 7,800.00 Sewer 0.00 0.00 0.00 N/A 2,578.00 2,455.00-123.00-5.01 2,455.00 T.V. Cable 295.30 147.00-148.30-100.88 590.60 441.00-149.60-33.92 1,764.00 Water 6,150.78 5,955.00-195.78-3.29 15,273.90 15,410.00 136.10 0.88 69,005.00 TOTAL UTILITIES 9,661.50 8,312.00-1,349.50-16.24 24,780.31 23,836.00-944.31-3.96 89,544.00 TAXES & INSURANCE Property Insurance 1,989.42 1,898.00-91.42-4.82 5,968.26 5,694.00-274.26-4.82 22,776.00 TOTAL TAXES & INSURANCE 1,989.42 1,898.00-91.42-4.82 5,968.26 5,694.00-274.26-4.82 22,776.00 REPAIRS & MAINTENANCE Building Maintenance 100.00 0.00-100.00 N/A 100.00 0.00-100.00 N/A 0.00 Cleaning Supplies/Equipment 0.00 20.00 20.00 100.00 0.00 60.00 60.00 100.00 240.00 Clubhouse 0.00 0.00 0.00 N/A 154.57 0.00-154.57 N/A 0.00 Common Area Maintenance 0.00 25.00 25.00 100.00 569.11 75.00-494.11-658.81 300.00 Covered Parking 0.00 40.00 40.00 100.00 0.00 120.00 120.00 100.00 480.00 Doors/windows 0.00 0.00 0.00 N/A 39.77 0.00-39.77 N/A 0.00 Electrical 2,063.00 10.00-2,053.00-20,530.00 2,063.00 30.00-2,033.00-6,776.67 120.00 Janitorial 425.00 475.00 50.00 10.53 1,347.95 1,425.00 77.05 5.41 5,700.00 Landscaping-Hardscape 3,626.28 2,820.00-806.28-28.59 15,508.22 7,860.00-7,648.22-97.31 42,803.00 Lighting Supplies 0.00 125.00 125.00 100.00 0.00 375.00 375.00 100.00 1,500.00 Paint/decorate 0.00 10.00 10.00 100.00 0.00 30.00 30.00 100.00 120.00

Tierra Catalina (02-0067) Page 3 Budget Comparison Cash Flow Period = Mar 2017 PTD Actual PTD Budget Variance % Var YTD Actual YTD Budget Variance % Var Annual Parking Lot Repair 0.00 0.00 0.00 N/A 1,283.41 0.00-1,283.41 N/A 0.00 Pest Control 925.00 440.00-485.00-110.23 2,110.00 1,850.00-260.00-14.05 10,550.00 Plumbing 1,999.90 2,500.00 500.10 20.00 8,833.90 7,500.00-1,333.90-17.79 30,000.00 Pool & Recreation 476.90 715.00 238.10 33.30 1,239.71 2,630.00 1,390.29 52.86 9,805.00 Roofing Repairs 0.00 800.00 800.00 100.00 0.00 2,400.00 2,400.00 100.00 9,600.00 Rubbish Removal 3,397.37 1,461.00-1,936.37-132.54 6,380.77 4,383.00-1,997.77-45.58 17,532.00 Sidewalk Maintenance 272.32 0.00-272.32 N/A 272.32 0.00-272.32 N/A 0.00 TOTAL REPAIRS & MAIN... 13,285.77 9,441.00-3,844.77-40.72 39,902.73 28,738.00-11,164.73-38.85 128,750.00 PROTECTIVE SERVICES Fire Protection 0.00 0.00 0.00 N/A 4,642.15 5,660.00 1,017.85 17.98 21,560.00 TOTAL PROTECTIVE SER... 0.00 0.00 0.00 N/A 4,642.15 5,660.00 1,017.85 17.98 21,560.00 TOTAL OPERATING EXPENSES 26,561.96 22,191.00-4,370.96-19.70 80,986.25 71,008.00-9,978.25-14.05 291,064.00 NET OPERATING INCOME 6,567.94 7,737.00-1,169.06-15.11 13,389.20 18,776.00-5,386.80-28.69 68,072.00 NON-OPERATING EXPENSES CAPITAL EXPENDITURES Roof - C 5,648.50 0.00-5,648.50 N/A 5,648.50 0.00-5,648.50 N/A 0.00 TOTAL CAPITAL EXPEND... 5,648.50 0.00-5,648.50 N/A 5,648.50 0.00-5,648.50 N/A 0.00 OTHER NON-OPERATING... State Income Tax 0.00 0.00 0.00 N/A 50.00 0.00-50.00 N/A 0.00 TOTAL OTHER NON-OPER... 0.00 0.00 0.00 N/A 50.00 0.00-50.00 N/A 0.00 TOTAL NON-OPERATING E... 5,648.50 0.00-5,648.50 N/A 5,698.50 0.00-5,698.50 N/A 0.00 NET INCOME 919.44 7,737.00-6,817.56-88.12 7,690.70 18,776.00-11,085.30-59.04 68,072.00

Tierra Catalina (02-0067) Page 1 Income Statement - Current Year Period = Jan 2017-Mar 2017 INCOME OPERATING INCOME REVENUE Jan 2017 Feb 2017 Mar 2017 Total HOA REVENUE Assessments 26,303.00 26,303.00 26,303.00 78,909.00 Reserve Fees 0.00 0.00 1,176.00 1,176.00 TOTAL HOA REVENUE 26,303.00 26,303.00 27,479.00 80,085.00 RENTAL INCOME RENTAL CHARGES OTHER INCOME Club House Rental 0.00 0.00 75.00 75.00 Interest Income 21.08 19.04 0.00 40.12 Key/Lock/Gate Fee 0.00 25.00 50.00 75.00 Late Charges 165.00 105.00 105.00 375.00 Other -600.00 0.00 0.00-600.00 Transfer Fees 0.00 0.00 530.00 530.00 Utility Fees/Rubs 4,377.69 4,526.74 4,890.90 13,795.33 TOTAL OTHER INCOME 3,963.77 4,675.78 5,650.90 14,290.45 TOTAL REVENUE 30,266.77 30,978.78 33,129.90 94,375.45 OPERATING EXPENSES PAYROLL EXPENSE Miscellaneous Pay/Temp Labor 11.88 0.00 0.00 11.88 SUTA Taxes 0.36 0.00 0.00 0.36 Workmans Compensation 0.59 0.00 0.00 0.59 TOTAL PAYROLL EXPENSE 12.83 0.00 0.00 12.83 GENERAL & ADMINISTRATIVE

Tierra Catalina (02-0067) Page 2 Income Statement - Current Year Period = Jan 2017-Mar 2017 Jan 2017 Feb 2017 Mar 2017 Total Accounting Fees 0.00 265.00 0.00 265.00 Legal Fees 378.00 0.00 0.00 378.00 Management Fees 1,600.00 1,600.00 1,600.00 4,800.00 Office Expense 53.48 0.00 2.93 56.41 Postage 72.85 85.37 22.34 180.56 TOTAL GENERAL & ADMINISTRATIVE 2,104.33 1,950.37 1,625.27 5,679.97 UTILITIES Electric 410.55 364.11 1,224.67 1,999.33 Gas 1,158.96 1,188.77 1,990.75 4,338.48 Sewer 2,578.00 0.00 0.00 2,578.00 T.V. Cable 147.65 147.65 295.30 590.60 Water 3,382.58 5,740.54 6,150.78 15,273.90 TOTAL UTILITIES 7,677.74 7,441.07 9,661.50 24,780.31 TAXES & INSURANCE Property Insurance 1,989.42 1,989.42 1,989.42 5,968.26 TOTAL TAXES & INSURANCE 1,989.42 1,989.42 1,989.42 5,968.26 REPAIRS & MAINTENANCE Building Maintenance 0.00 0.00 100.00 100.00 Clubhouse 154.57 0.00 0.00 154.57 Common Area Maintenance 499.11 70.00 0.00 569.11 Doors/windows 39.77 0.00 0.00 39.77 Electrical 0.00 0.00 2,063.00 2,063.00 Janitorial 375.00 547.95 425.00 1,347.95 Landscaping-Hardscape 8,800.94 3,081.00 3,626.28 15,508.22 Parking Lot Repair 1,283.41 0.00 0.00 1,283.41 Pest Control 960.00 225.00 925.00 2,110.00 Plumbing 6,290.00 544.00 1,999.90 8,833.90 Pool & Recreation 468.94 293.87 476.90 1,239.71 Rubbish Removal 2,983.40 0.00 3,397.37 6,380.77 Sidewalk Maintenance 0.00 0.00 272.32 272.32 TOTAL REPAIRS & MAINTENANCE 21,855.14 4,761.82 13,285.77 39,902.73

Tierra Catalina (02-0067) Page 3 Income Statement - Current Year Period = Jan 2017-Mar 2017 Jan 2017 Feb 2017 Mar 2017 Total PROTECTIVE SERVICES Fire Protection 525.50 4,116.65 0.00 4,642.15 TOTAL PROTECTIVE SERVICES 525.50 4,116.65 0.00 4,642.15 TOTAL OPERATING EXPENSES 34,164.96 20,259.33 26,561.96 80,986.25 NET OPERATING INCOME -3,898.19 10,719.45 6,567.94 13,389.20 NON-OPERATING EXPENSES CAPITAL EXPENDITURES Roof - C 0.00 0.00 5,648.50 5,648.50 TOTAL CAPITAL EXPENDITURES 0.00 0.00 5,648.50 5,648.50 OTHER NON-OPERATING EXPENSES State Income Tax 0.00 50.00 0.00 50.00 TOTAL OTHER NON-OPERATING EXPENSES 0.00 50.00 0.00 50.00 TOTAL NON-OPERATING EXPENSES 0.00 50.00 5,648.50 5,698.50 NET INCOME -3,898.19 10,669.45 919.44 7,690.70

Tierra Catalina (02-0067) Page 1 12 Month Income Statement Period = Apr 2016-Mar 2017 INCOME OPERATING INCOME REVENUE Apr 2016 May 2016 Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Total HOA REVENUE Assessments 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 315,636.00 Reserve Fees 1,203.00 522.00 681.00 1,203.00 522.00 681.00 0.00 0.00 0.00 0.00 0.00 1,176.00 5,988.00 TOTAL HOA REVENUE 27,506.00 26,825.00 26,984.00 27,506.00 26,825.00 26,984.00 26,303.00 26,303.00 26,303.00 26,303.00 26,303.00 27,479.00 321,624.00 RENTAL INCOME RENTAL CHARGES ADJUSTMENTS TO RENT Write Offs 0.00 0.00 0.00 0.00-270.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00-270.01 TOTAL ADJUSTMEN... 0.00 0.00 0.00 0.00-270.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00-270.01 TOTAL RENTAL CH... 0.00 0.00 0.00 0.00-270.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00-270.01 NET RENTAL INCOME 0.00 0.00 0.00 0.00-270.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00-270.01 OTHER INCOME Club House Rental 0.00 75.00 0.00 0.00 75.00 75.00 150.00 75.00 150.00 0.00 0.00 75.00 675.00 Insurance Proceeds 0.00 0.00 0.00 0.00 0.00 0.00 3,815.85 0.00 0.00 0.00 0.00 0.00 3,815.85 Interest Income 21.99 25.07 49.29 23.87 27.17 30.92 24.29 22.24 21.87 21.08 19.04 0.00 286.83 Key/Lock/Gate Fee 50.00 150.00 150.00 50.00 0.00 150.00 0.00 0.00 25.00 0.00 25.00 50.00 650.00 Late Charges -15.00 375.00 75.00-30.00 300.00-170.98 120.00 90.00 90.00 165.00 105.00 105.00 1,209.02 Legal 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 595.01 0.00 0.00 0.00 595.01 Other 0.00 0.00 0.00 164.12-164.12 0.00 0.00 0.00 600.00-600.00 0.00 0.00 0.00 Transfer Fees 530.00 265.00 265.00 530.00 265.00 265.00 0.00 0.00 0.00 0.00 0.00 530.00 2,650.00 Utility Fees/Rubs 3,225.29 3,971.41 3,765.95 3,242.83 3,004.69 3,025.86 3,061.71 3,398.22 4,054.77 4,377.69 4,526.74 4,890.90 44,546.06 TOTAL OTHER INCOME 3,812.28 4,861.48 4,305.24 3,980.82 3,507.74 3,375.80 7,171.85 3,585.46 5,536.65 3,963.77 4,675.78 5,650.90 54,427.77 TOTAL REVENUE 31,318.28 31,686.48 31,289.24 31,486.82 30,062.73 30,359.80 33,474.85 29,888.46 31,839.65 30,266.77 30,978.78 33,129.90 375,781.76

Tierra Catalina (02-0067) Page 2 12 Month Income Statement Period = Apr 2016-Mar 2017 Apr 2016 May 2016 Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Total OPERATING EXPENSES PAYROLL EXPENSE Miscellaneous Pay/T... 371.10 496.95 751.44 242.10 255.00 133.44 242.25 203.51 59.54 11.88 0.00 0.00 2,767.21 SUTA Taxes 11.13 14.91 22.54 7.26 7.65 4.01 7.27 6.10 1.79 0.36 0.00 0.00 83.02 Workmans Compensation 18.56 24.85 37.57 12.11 12.75 6.67 12.12 10.17 2.98 0.59 0.00 0.00 138.37 TOTAL PAYROLL E... 400.79 536.71 811.55 261.47 275.40 144.12 261.64 219.78 64.31 12.83 0.00 0.00 2,988.60 GENERAL & ADMINI... Accounting Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 265.00 0.00 265.00 Legal Fees 125.00 0.00 26.50 159.00 0.00 477.00 132.50 662.50 0.00 378.00 0.00 0.00 1,960.50 Management Fees 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 1,600.00 19,200.00 Office Expense 8.11 8.11 20.91 8.11 18.78 8.11 49.11 8.11 8.11 53.48 0.00 2.93 193.87 Permits/Licenses 0.00 214.00 0.00 0.00 0.00 110.00 0.00 0.00 0.00 0.00 0.00 0.00 324.00 Postage 40.35 31.20 75.58 26.00 23.21 29.41 18.28 98.68 31.67 72.85 85.37 22.34 554.94 Phones/Pagers 20.00 15.00 30.00 20.00 20.00 0.00 10.00 0.00 0.00 0.00 0.00 0.00 115.00 Travel & Lodging 36.18 54.00 33.48 62.10 56.70 47.52 39.42 59.40 0.00 0.00 0.00 0.00 388.80 TOTAL GENERAL &... 1,829.64 1,922.31 1,786.47 1,875.21 1,718.69 2,272.04 1,849.31 2,428.69 1,639.78 2,104.33 1,950.37 1,625.27 23,002.11 UTILITIES Electric 627.98 629.38 817.25 779.86 584.97 747.51 454.19 290.61 24.04 410.55 364.11 1,224.67 6,955.12 Gas 398.79 154.22 154.22 105.01 0.00 229.11 145.09 0.00 567.43 1,158.96 1,188.77 1,990.75 6,092.35 Sewer 2,391.55 2,391.55 2,391.55 2,312.85 2,312.85 2,312.85 2,283.50 2,312.85 2,312.85 2,578.00 0.00 0.00 23,600.40 T.V. Cable 141.98 141.98 141.98 147.53 147.55 147.55 147.51 147.73 147.73 147.65 147.65 295.30 1,902.14 Water 3,292.90 3,293.84 3,390.67 3,422.62 4,113.91 3,688.75 3,405.31 3,770.80 3,946.08 3,382.58 5,740.54 6,150.78 47,598.78 TOTAL UTILITIES 6,853.20 6,610.97 6,895.67 6,767.87 7,159.28 7,125.77 6,435.60 6,521.99 6,998.13 7,677.74 7,441.07 9,661.50 86,148.79 TAXES & INSURANCE Property Insurance 1,852.33 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.40 1,989.42 1,989.42 1,989.42 23,735.93 TOTAL TAXES & IN... 1,852.33 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.42 1,989.40 1,989.42 1,989.42 1,989.42 23,735.93 REPAIRS & MAINT... Building Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100.00 100.00

Tierra Catalina (02-0067) Page 3 12 Month Income Statement Period = Apr 2016-Mar 2017 Apr 2016 May 2016 Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Total Cleaning Supplies/E... 0.00 51.84 0.00 0.00 0.00 58.63 0.00 0.00 0.00 0.00 0.00 0.00 110.47 Clubhouse 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 154.57 0.00 0.00 154.57 Common Area Maint... 31.65 7.32 19.98 0.00 9.18 0.00 0.00 750.00 17.92 499.11 70.00 0.00 1,405.16 Covered Parking 0.00 0.00 0.00 240.00 0.00 20.95 0.00 0.00 0.00 0.00 0.00 0.00 260.95 Doors/windows 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 39.77 0.00 0.00 39.77 Electrical 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,063.00 2,063.00 Fence/Gate 0.00 65.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 65.00 HVAC 0.00 0.00 0.00 0.00 199.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 199.57 Janitorial 625.00 425.00 425.00 425.00 444.29 595.16 0.00 850.00 425.00 375.00 547.95 425.00 5,562.40 Landscaping-Hardscape 2,694.24 2,736.99 4,606.55 2,654.78 2,753.61 4,375.90 2,730.01 3,176.92 2,778.72 8,800.94 3,081.00 3,626.28 44,015.94 Lighting Supplies 0.00 0.00 85.27 224.50 0.00 1,148.81 11.93 1,095.00 0.00 0.00 0.00 0.00 2,565.51 Parking Lot Cleaning 0.00 0.00 0.00 44.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 44.00 Parking Lot Repair 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,283.41 0.00 0.00 1,283.41 Pest Control 140.00 695.00 415.00 480.00 880.00 3,090.00 375.00 705.00 240.00 960.00 225.00 925.00 9,130.00 Plumbing 0.00 6,223.00 7,099.59 5,565.92 2,988.44 675.00 6,476.21 4,363.44 0.00 6,290.00 544.00 1,999.90 42,225.50 Pool & Recreation 343.78 524.78 1,192.71 2,372.45 557.98 747.39 322.87 568.50 503.62 468.94 293.87 476.90 8,373.79 Roofing Repairs 0.00 700.00 0.00 1,750.00 4,164.00 0.00 1,233.00 0.00 0.00 0.00 0.00 0.00 7,847.00 Rubbish Removal 1,442.06 1,448.61 1,461.63 1,467.55 2,914.03 0.00 0.00 2,960.53 0.00 2,983.40 0.00 3,397.37 18,075.18 Sidewalk Maintenance 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 272.32 272.32 TOTAL REPAIRS &... 5,276.73 12,877.54 15,305.73 15,224.20 14,911.10 10,711.84 11,149.02 14,469.39 3,965.26 21,855.14 4,761.82 13,285.77 143,793.54 PROTECTIVE SERVICES Fire Protection 0.00 5,379.45 0.00 0.00 5,379.45 0.00 0.00 5,488.90 0.00 525.50 4,116.65 0.00 20,889.95 TOTAL PROTECTIV... 0.00 5,379.45 0.00 0.00 5,379.45 0.00 0.00 5,488.90 0.00 525.50 4,116.65 0.00 20,889.95 TOTAL OPERATING... 16,212.69 29,316.40 26,788.84 26,118.17 31,433.34 22,243.19 21,684.99 31,118.17 14,656.88 34,164.96 20,259.33 26,561.96 300,558.92 NET OPERATING INCOME 15,105.59 2,370.08 4,500.40 5,368.65-1,370.61 8,116.61 11,789.86-1,229.71 17,182.77-3,898.19 10,719.45 6,567.94 75,222.84 NON-OPERATING EX... CAPITAL EXPENDI... Painting - C 26,500.00 26,000.00 26,000.00 26,000.00 26,000.00 19,500.00 19,500.00 6,500.00 11,500.00 0.00 0.00 0.00 187,500.00 Park Lot/Structure - C 0.00 6,239.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,239.00

Tierra Catalina (02-0067) Page 4 12 Month Income Statement Period = Apr 2016-Mar 2017 Apr 2016 May 2016 Jun 2016 Jul 2016 Aug 2016 Sep 2016 Oct 2016 Nov 2016 Dec 2016 Jan 2017 Feb 2017 Mar 2017 Total Plumbing - C 5,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 Roof - C 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,648.50 0.00 0.00 5,648.50 11,297.00 TOTAL CAPITAL EX... 31,500.00 32,239.00 26,000.00 26,000.00 26,000.00 19,500.00 19,500.00 6,500.00 17,148.50 0.00 0.00 5,648.50 210,036.00 OTHER NON-OPER... State Income Tax 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.00 0.00 50.00 TOTAL OTHER NON... 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50.00 0.00 50.00 TOTAL NON-OPERATI... 31,500.00 32,239.00 26,000.00 26,000.00 26,000.00 19,500.00 19,500.00 6,500.00 17,148.50 0.00 50.00 5,648.50 210,086.00 NET INCOME -16,394.41-29,868.92-21,499.60-20,631.35-27,370.61-11,383.39-7,710.14-7,729.71 34.27-3,898.19 10,669.45 919.44-134,863.16