Gardens I Of St. Andrews Park Association, Inc.

Gardens I Of St. Andrews Park Association, Inc. Managed by: Argus Management of Venice, Inc. 181 Center Road Venice, FL 34285 Office: (941) 408-7413 Fax: (941) 408-7419 association manager: Melissa moritz Email: 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 5 2016 Budget vs. YTD Income/Expense Page 6 2016 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~

Balance Sheet As of November 30, 2016 ASSETS Current Assets Operating/Reserve 1010.00 Operating Account(s) 1011.00 Checking; BB&T 47,135.51 1015.00 Petty Cash 50.00 Total 1010.00 Operating Account(s) 47,185.51 1020.00 Reserve Account(s) 1021.00 M/M; BB&T 85,346.84 Total 1020.00 Reserve Account(s) 85,346.84 Total Operating/Reserve 132,532.35 Accounts Receivable 1040.00 Assessment Receivable 31,461.17 Total Accounts Receivable 31,461.17 Other Current Assets 1040.02 Expected Uncollectable (15,333.37) Total Other Current Assets (15,333.37) Total Current Assets 148,660.15 TOTAL ASSETS 148,660.15 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 3020.00 Prepaid Assessments 1,000.00 3031.00 Deferred Assessments 10,666.66 Total Other Current Liabilities 11,666.66 Total Current Liabilities 11,666.66 Long Term Liabilities 3500.00 Reserve Fund 85,346.84 Total Long Term Liabilities 85,346.84 Total Liabilities 97,013.50 Equity 3900.00 Retained Earnings 39,042.20 3910.01 Previous Yrs Carryover 2,331.25 Net Income 10,273.20 Total Equity 51,646.65 TOTAL LIABILITIES & EQUITY 148,660.15 Prepared By: Argus Management of Venice, Inc. Page 1

Accounts Receivable Summary As of November 30, 2016 OWED PREPAID 802104 Gardens I of S.A.P. + 30,961.16 802202 Shinners, Steven R 500.01 803201 Mackey, Kevin P & Michele (1,000.00) TOTAL 31,461.17 (1,000.00) 1040.00 - ACCOUNTS RECEIVABLE $31,461.17 3020.00 - PREPAID ASSESSMENTS ($1,000.00) Prepared By: Argus Management of Venice, Inc. Page 2

Reserve Transaction Summary January through November 2016 3500.00 Reserve Fund 3502.00 Roofs 3502.01 Beg Bal - Roofs 32,569.00 3502.02 Allocation - Roofs 5,338.00 Total 3502.00 Roofs 37,907.00 3504.00 Painting 3504.01 Beg Bal - Painting 28,491.37 3504.02 Allocation - Painting 9,509.00 Total 3504.00 Painting 38,000.37 3505.00 Pavement/Roads 3505.01 Beg Bal - Pavement/Roads 4,183.63 3505.02 Allocation - Pavement/Roads 694.00 Total 3505.00 Pavement/Roads 4,877.63 3598.00 Deferred Maintenance 3598.01 Beg Bal - Deferred Maint 6,531.32 3598.02 Allocation - Deferred Maint 1,156.00 3598.03 Expense - Deferred Maint (3,724.13) Total 3598.00 Deferred Maintenance 3,963.19 3599.00 Reserve Interest 3599.01 Beg. Bal. - Interest 502.60 3599.02 Earned YTD - Interest 96.05 Total 3599.00 Reserve Interest 598.65 Total 3500.00 Reserve Fund 85,346.84 TOTAL 85,346.84 Prepared By: Argus Management of Venice, Inc. Page 3

Month Budget vs. Month Income/Expenses Nov '16 Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 10,666.67 10,666.67 0.00 5040.00 Other 0.00 0.00 0.00 5050.00 Interest 1.19 0.00 1.19 5090.01 Previous Years Carryover 2,331.25 2,331.25 0.00 Total Income 12,999.11 12,997.92 1.19 Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 1,494.72 1,500.00 (5.28) 7110.01 Misc Lawn & Ground Supplies 0.00 500.00 (500.00) 7114.01 Irrigation Maint/Repairs 0.00 83.33 (83.33) Total 7100.00 Grounds 1,494.72 2,083.33 (588.61) 7200.00 Building Maintenance 7210.00 Repairs & Maintenance 0.00 833.33 (833.33) 7212.00 Fire Alarm/Sprinkler/Maint/Rep 0.00 416.67 (416.67) 7213.01 Pest Control 650.00 0.00 650.00 7213.04 Termite Prevention/Renewal 0.00 0.00 0.00 Total 7200.00 Building Maintenance 650.00 1,250.00 (600.00) 7500.00 Utilities 7510.00 Water/Sewer 1,109.76 1,391.43 (281.67) 7520.00 Electric 76.41 94.62 (18.21) 7530.00 Cable TV 1,323.35 1,309.22 14.13 7540.00 Trash Removal 0.00 16.67 (16.67) Total 7500.00 Utilities 2,509.52 2,811.94 (302.42) 7800.00 Administration 7810.00 Insurance - Package 1,471.20 1,760.15 (288.95) 7820.00 Legal 0.00 387.50 (387.50) 7820.02 Accounting/Professsional Fees 0.00 0.00 0.00 7830.00 Division Fees 0.00 0.00 0.00 7860.01 Master Association Fees 0.00 0.00 0.00 7870.00 Management Fee 550.00 550.00 0.00 7880.01 Adminsitrative 222.92 50.00 172.92 7895.01 Contingency 0.00 416.67 (416.67) 7899.99 Bad Debt 666.67 666.67 0.00 Total 7800.00 Administration 2,910.79 3,830.99 (920.20) 7900.00 Reserve(s) 7901.01 Reserve Contribution 0.00 0.00 0.00 Total 7900.00 Reserve(s) 0.00 0.00 0.00 Total 7000.00 Disbursements 7,565.03 9,976.26 (2,411.23) Total Expense 7,565.03 9,976.26 (2,411.23) Net Income 5,434.08 3,021.66 2,412.42 Prepared By: Argus Management of Venice, Inc. Page 4

YTD Budget vs. YTD Income/Expenses Jan - Nov '16 Jan - Nov '16 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 117,333.34 117,333.37 (0.03) 5040.00 Other 0.00 0.00 0.00 5050.00 Interest 22.35 0.00 22.35 5090.01 Previous Years Carryover 25,643.75 25,643.75 0.00 Total Income 142,999.44 142,977.12 22.32 Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 16,441.92 16,500.00 (58.08) 7110.01 Misc Lawn & Ground Supplies 2,806.00 5,500.00 (2,694.00) 7114.01 Irrigation Maint/Repairs 1,644.79 916.63 728.16 Total 7100.00 Grounds 20,892.71 22,916.63 (2,023.92) 7200.00 Building Maintenance 7210.00 Repairs & Maintenance 14,421.13 9,166.63 5,254.50 7212.00 Fire Alarm/Sprinkler/Maint/Rep 2,251.74 4,583.37 (2,331.63) 7213.01 Pest Control 2,268.00 1,600.00 668.00 7213.04 Termite Prevention/Renewal 1,200.00 1,200.00 0.00 Total 7200.00 Building Maintenance 20,140.87 16,550.00 3,590.87 7500.00 Utilities 7510.00 Water/Sewer 12,364.66 15,536.59 (3,171.93) 7520.00 Electric 885.28 1,003.60 (118.32) 7530.00 Cable TV 14,237.37 14,140.78 96.59 7540.00 Trash Removal 140.55 183.37 (42.82) Total 7500.00 Utilities 27,627.86 30,864.34 (3,236.48) 7800.00 Administration 7810.00 Insurance - Package 16,510.10 18,239.85 (1,729.75) 7820.00 Legal 427.50 4,262.50 (3,835.00) 7820.02 Accounting/Professsional Fees 350.00 350.00 0.00 7830.00 Division Fees 189.25 200.00 (10.75) 7860.01 Master Association Fees 15,744.00 16,128.00 (384.00) 7870.00 Management Fee 6,050.00 6,050.00 0.00 7880.01 Adminsitrative 763.58 550.00 213.58 7895.01 Contingency 0.00 4,583.37 (4,583.37) 7899.99 Bad Debt 7,333.37 7,333.37 0.00 Total 7800.00 Administration 47,367.80 57,697.09 (10,329.29) 7900.00 Reserve(s) 7901.01 Reserve Contribution 16,697.00 16,697.00 0.00 Total 7900.00 Reserve(s) 16,697.00 16,697.00 0.00 Total 7000.00 Disbursements 132,726.24 144,725.06 (11,998.82) Total Expense 132,726.24 144,725.06 (11,998.82) Net Income 10,273.20 (1,747.94) 12,021.14 Prepared By: Argus Management of Venice, Inc. Page 5

2016 Budget vs. YTD Income/Expenses Jan - Nov '16 2016 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 117,333.34 128,000.00 (10,666.66) 5040.00 Other 0.00 0.00 0.00 5050.00 Interest 22.35 0.00 22.35 5090.01 Previous Years Carryover 25,643.75 27,975.00 (2,331.25) Total Income 142,999.44 155,975.00 (12,975.56) Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 16,441.92 18,000.00 (1,558.08) 7110.01 Misc Lawn & Ground Supplies 2,806.00 6,000.00 (3,194.00) 7114.01 Irrigation Maint/Repairs 1,644.79 1,000.00 644.79 Total 7100.00 Grounds 20,892.71 25,000.00 (4,107.29) 7200.00 Building Maintenance 7210.00 Repairs & Maintenance 14,421.13 10,000.00 4,421.13 7212.00 Fire Alarm/Sprinkler/Maint/Rep 2,251.74 5,000.00 (2,748.26) 7213.01 Pest Control 2,268.00 1,600.00 668.00 7213.04 Termite Prevention/Renewal 1,200.00 2,400.00 (1,200.00) Total 7200.00 Building Maintenance 20,140.87 19,000.00 1,140.87 7500.00 Utilities 7510.00 Water/Sewer 12,364.66 17,000.00 (4,635.34) 7520.00 Electric 885.28 1,100.00 (214.72) 7530.00 Cable TV 14,237.37 15,450.00 (1,212.63) 7540.00 Trash Removal 140.55 200.00 (59.45) Total 7500.00 Utilities 27,627.86 33,750.00 (6,122.14) 7800.00 Administration 7810.00 Insurance - Package 16,510.10 20,000.00 (3,489.90) 7820.00 Legal 427.50 4,650.00 (4,222.50) 7820.02 Accounting/Professsional Fees 350.00 350.00 0.00 7830.00 Division Fees 189.25 200.00 (10.75) 7860.01 Master Association Fees 15,744.00 16,128.00 (384.00) 7870.00 Management Fee 6,050.00 6,600.00 (550.00) 7880.01 Adminsitrative 763.58 600.00 163.58 7895.01 Contingency 0.00 5,000.00 (5,000.00) 7899.99 Bad Debt 7,333.37 8,000.00 (666.63) Total 7800.00 Administration 47,367.80 61,528.00 (14,160.20) 7900.00 Reserve(s) 7901.01 Reserve Contribution 16,697.00 16,697.00 0.00 Total 7900.00 Reserve(s) 16,697.00 16,697.00 0.00 Total 7000.00 Disbursements 132,726.24 155,975.00 (23,248.76) Total Expense 132,726.24 155,975.00 (23,248.76) Net Income 10,273.20 0.00 10,273.20 Prepared By: Argus Management of Venice, Inc. Page 6

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 5010.00 Assessments 10,666.67 10,666.67 10,666.66 10,666.67 10,666.67 10,666.66 10,666.67 10,666.67 10,666.66 10,666.67 10,666.67 117,333.34 128,000.00 10,666.66 8.33% 5040.00 Other 0.00 0.00 0.00 24.66 (12.33) 0.00 0.00 (12.33) 0.00 0.00 0.00 0.00 0.00 0.00 0.00% 5050.00 Interest 2.70 2.32 2.17 2.43 2.12 1.94 2.39 1.74 1.59 1.76 1.19 22.35 0.00 (22.35) 100.00% 5090.01 Previous Years Carryover 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 2,331.25 25,643.75 27,975.00 2,331.25 8.33% Total Income 13,000.62 13,000.24 13,000.08 13,025.01 12,987.71 12,999.85 13,000.31 12,987.33 12,999.50 12,999.68 12,999.11 142,999.44 155,975.00 12,975.56 8.32% Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 1,494.72 16,441.92 18,000.00 1,558.08 8.66% 7110.01 Misc Lawn & Ground Supplies 0.00 0.00 0.00 2,070.00 0.00 0.00 0.00 0.00 736.00 0.00 0.00 2,806.00 6,000.00 3,194.00 53.23% 7114.01 Irrigation Maint/Repairs 204.58 320.86 43.80 718.88 0.00 325.20 0.00 0.00 13.87 17.60 0.00 1,644.79 1,000.00 (644.79) -64.48% Total 7100.00 Grounds 1,699.30 1,815.58 1,538.52 4,283.60 1,494.72 1,819.92 1,494.72 1,494.72 2,244.59 1,512.32 1,494.72 20,892.71 25,000.00 4,107.29 16.43% 7200.00 Building Maintenance 7210.00 Repairs & Maintenance 2,083.99 3,180.87 1,384.96 3,742.00 0.00 104.78 1,108.85 1,641.00 290.00 884.68 0.00 14,421.13 10,000.00 (4,421.13) -44.21% 7212.00 Fire Alarm/Sprinkler/Maint/Rep 0.00 0.00 91.72 321.00 0.00 1,839.02 0.00 0.00 0.00 0.00 0.00 2,251.74 5,000.00 2,748.26 54.97% 7213.01 Pest Control 0.00 1,568.00 0.00 0.00 0.00 0.00 0.00 50.00 0.00 0.00 650.00 2,268.00 1,600.00 (668.00) -41.75% 7213.04 Termite Prevention/Renewal 0.00 1,200.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,200.00 2,400.00 1,200.00 50.00% Total 7200.00 Building Maintenance 2,083.99 5,948.87 1,476.68 4,063.00 0.00 1,943.80 1,108.85 1,691.00 290.00 884.68 650.00 20,140.87 19,000.00 (1,140.87) -6.01% 7500.00 Utilities 7510.00 Water/Sewer 1,254.94 1,460.26 1,735.76 1,176.13 1,017.47 916.88 851.56 872.28 899.26 1,070.36 1,109.76 12,364.66 17,000.00 4,635.34 27.27% 7520.00 Electric 89.44 90.06 88.00 81.44 76.74 75.97 75.82 75.36 78.69 77.35 76.41 885.28 1,100.00 214.72 19.52% 7530.00 Cable TV 1,243.48 1,243.48 1,243.48 1,243.48 1,323.35 1,323.35 1,323.35 1,323.35 1,323.35 1,323.35 1,323.35 14,237.37 15,450.00 1,212.63 7.85% 7540.00 Trash Removal 38.39 24.29 24.29 24.29 29.29 0.00 0.00 0.00 0.00 0.00 0.00 140.55 200.00 59.45 29.73% Total 7500.00 Utilities 2,626.25 2,818.09 3,091.53 2,525.34 2,446.85 2,316.20 2,250.73 2,270.99 2,301.30 2,471.06 2,509.52 27,627.86 33,750.00 6,122.14 18.14% 7800.00 Administration 7810.00 Insurance - Package 1,394.58 1,394.58 1,394.58 1,394.58 2,104.58 1,471.20 1,471.20 1,471.20 1,471.20 1,471.20 1,471.20 16,510.10 20,000.00 3,489.90 17.45% 7820.00 Legal 0.00 (142.50) 0.00 0.00 0.00 114.00 0.00 0.00 228.00 228.00 0.00 427.50 4,650.00 4,222.50 90.81% 7820.02 Accounting/Professsional Fees 0.00 350.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 350.00 350.00 0.00 0.00% 7830.00 Division Fees 128.00 61.25 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189.25 200.00 10.75 5.38% 7860.01 Master Association Fees 3,936.00 0.00 0.00 3,936.00 0.00 0.00 3,936.00 0.00 0.00 3,936.00 0.00 15,744.00 16,128.00 384.00 2.38% 7870.00 Management Fee 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 550.00 6,050.00 6,600.00 550.00 8.33% 7880.01 Adminsitrative 91.00 49.61 35.80 36.75 45.27 35.00 35.00 41.41 122.32 48.50 222.92 763.58 600.00 (163.58) -27.26% 7895.01 Contingency 0.00 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 5,000.00 100.00% 7899.99 Bad Debt 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 666.67 7,333.37 8,000.00 666.63 8.33% Total 7800.00 Administration 6,766.25 2,929.61 2,647.05 6,584.00 3,366.52 2,836.87 6,658.87 2,729.28 3,038.19 6,900.37 2,910.79 47,367.80 61,528.00 14,160.20 23.01% 7900.00 Reserve(s) 7901.01 Reserve Contribution 4,174.25 0.00 0.00 4,174.25 0.00 0.00 4,174.25 0.00 0.00 4,174.25 0.00 16,697.00 16,697.00 0.00 0.00% Total 7900.00 Reserve(s) 4,174.25 0.00 0.00 4,174.25 0.00 0.00 4,174.25 0.00 0.00 4,174.25 0.00 16,697.00 16,697.00 0.00 0.00% Total 7000.00 Disbursements 17,350.04 13,512.15 8,753.78 21,630.19 7,308.09 8,916.79 15,687.42 8,185.99 7,874.08 15,942.68 7,565.03 132,726.24 155,975.00 23,248.76 14.91% Total Expense 17,350.04 13,512.15 8,753.78 21,630.19 7,308.09 8,916.79 15,687.42 8,185.99 7,874.08 15,942.68 7,565.03 132,726.24 155,975.00 Net Income (4,349.42) (511.91) 4,246.30 (8,605.18) 5,679.62 4,083.06 (2,687.11) 4,801.34 5,125.42 (2,943.00) 5,434.08 10,273.20 0.00 Prepared By: Argus Management of Venice, Inc. 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Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance 1010.00 Operating Account(s) 54,082.68 1011.00 Checking; BB&T 54,032.68 Check 11/01/2016 1152 Argus Management November Management (735.36) 53,297.32 Check 11/10/2016 EBT Comcast Cable Communications 15515 970092 01 4 (November) (1,323.35) 51,973.97 Check 11/28/2016 EBT FP & L (10/26/16-11/23/16) (67.86) 51,906.11 Check 11/28/2016 EBT FP & L - Unit 104 10/26/16-11/23/16 (8.55) 51,897.56 Check 11/29/2016 EBT Premium Assignment insurance payment 5 of 11 (1,471.20) 50,426.36 Check 11/30/2016 EBT Sarasota County Public Utilites Dept (10/28/16-11/29/16) (1,109.76) 49,316.60 Check 11/30/2016 1153 Hoskins Pest Control Rodent Bait Annual (650.00) 48,666.60 Check 11/30/2016 1154 Venice Print Center inv 60729 (37.56) 48,629.04 Check 11/30/2016 1155 Artistree Landscape November Monthly Lawn Maintenance - client 11192 (1,494.72) 47,134.32 Deposit 11/30/2016 interest earned 1.19 47,135.51 Total 1011.00 Checking; BB&T (6,897.17) 47,135.51 1015.00 Petty Cash 50.00 Total 1015.00 Petty Cash 50.00 Total 1010.00 Operating Account(s) (6,897.17) 47,185.51 1020.00 Reserve Account(s) 85,339.84 1021.00 M/M; BB&T 85,339.84 Deposit 11/30/2016 interest earned 7.00 85,346.84 Total 1021.00 M/M; BB&T 7.00 85,346.84 Total 1020.00 Reserve Account(s) 7.00 85,346.84 1040.00 Assessment Receivable 31,461.17 General Journal 11/01/2016 r pp asmts 111111 Suspense Owner rev adj pp asmts (1,000.00) 30,461.17 General Journal 11/30/2016 pp asmts 111111 Suspense Owner adj pp asmts 1,000.00 31,461.17 Total 1040.00 Assessment Receivable 0.00 31,461.17 1040.02 Expected Uncollectable (14,666.70) General Journal 11/02/2016 mthly adj to expected uncollectible (666.67) (15,333.37) Total 1040.02 Expected Uncollectable (666.67) (15,333.37) 3020.00 Prepaid Assessments (1,000.00) General Journal 11/01/2016 r pp asmts 111111 Suspense Owner rev adj pp asmts 1,000.00 0.00 General Journal 11/30/2016 pp asmts 111111 Suspense Owner adj pp asmts (1,000.00) (1,000.00) Total 3020.00 Prepaid Assessments 0.00 (1,000.00) Prepared By: Argus Management of Venice, Inc. Page 8

Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance 3031.00 Deferred Assessments (21,333.33) General Journal 11/02/2016 Mthly asmt alloc 10,666.67 (10,666.66) Total 3031.00 Deferred Assessments 10,666.67 (10,666.66) 3500.00 Reserve Fund (85,339.84) 3502.00 Roofs (37,907.00) 3502.01 Beg Bal - Roofs (32,569.00) Total 3502.01 Beg Bal - Roofs (32,569.00) 3502.02 Allocation - Roofs (5,338.00) Total 3502.02 Allocation - Roofs (5,338.00) Total 3502.00 Roofs (37,907.00) 3504.00 Painting (38,000.37) 3504.01 Beg Bal - Painting (28,491.37) Total 3504.01 Beg Bal - Painting (28,491.37) 3504.02 Allocation - Painting (9,509.00) Total 3504.02 Allocation - Painting (9,509.00) Total 3504.00 Painting (38,000.37) 3505.00 Pavement/Roads (4,877.63) 3505.01 Beg Bal - Pavement/Roads (4,183.63) Total 3505.01 Beg Bal - Pavement/Roads (4,183.63) 3505.02 Allocation - Pavement/Roads (694.00) Total 3505.02 Allocation - Pavement/Roads (694.00) Total 3505.00 Pavement/Roads (4,877.63) 3598.00 Deferred Maintenance (3,963.19) 3598.01 Beg Bal - Deferred Maint (6,531.32) Total 3598.01 Beg Bal - Deferred Maint (6,531.32) Prepared By: Argus Management of Venice, Inc. Page 9

Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance 3598.02 Allocation - Deferred Maint (1,156.00) Total 3598.02 Allocation - Deferred Maint (1,156.00) 3598.03 Expense - Deferred Maint 3,724.13 Total 3598.03 Expense - Deferred Maint 3,724.13 Total 3598.00 Deferred Maintenance (3,963.19) 3599.00 Reserve Interest (591.65) 3599.01 Beg. Bal. - Interest (502.60) Total 3599.01 Beg. Bal. - Interest (502.60) 3599.02 Earned YTD - Interest (89.05) Deposit 11/30/2016 interest earned (7.00) (96.05) Total 3599.02 Earned YTD - Interest (7.00) (96.05) Total 3599.00 Reserve Interest (7.00) (598.65) Total 3500.00 Reserve Fund (7.00) (85,346.84) 3900.00 Retained Earnings (39,042.20) Total 3900.00 Retained Earnings (39,042.20) 3910.01 Previous Yrs Carryover (4,662.50) General Journal 11/02/2016 mtly adj '15 c/o to '16 op 2,331.25 (2,331.25) Total 3910.01 Previous Yrs Carryover 2,331.25 (2,331.25) 5010.00 Assessments (106,666.67) General Journal 11/02/2016 Mthly asmt alloc (10,666.67) (117,333.34) Total 5010.00 Assessments (10,666.67) (117,333.34) 5040.00 Other 0.00 Total 5040.00 Other 0.00 5050.00 Interest (21.16) Deposit 11/30/2016 interest earned (1.19) (22.35) Prepared By: Argus Management of Venice, Inc. Page 10

Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance Total 5050.00 Interest (1.19) (22.35) 5090.01 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 5090.01 Previous Years Carryover (2,331.25) (25,643.75) 7000.00 Disbursements 125,161.21 7100.00 Grounds 19,397.99 7110.00 Grounds Contract 14,947.20 Check 11/30/2016 1155 Artistree Landscape November Monthly Lawn Maintenance - inv 122575 1,494.72 16,441.92 Total 7110.00 Grounds Contract 1,494.72 16,441.92 7110.01 Misc Lawn & Ground Supplies 2,806.00 Total 7110.01 Misc Lawn & Ground Supplies 2,806.00 7114.01 Irrigation Maint/Repairs 1,644.79 Total 7114.01 Irrigation Maint/Repairs 1,644.79 Total 7100.00 Grounds 1,494.72 20,892.71 7200.00 Building Maintenance 19,490.87 7210.00 Repairs & Maintenance 14,421.13 Total 7210.00 Repairs & Maintenance 14,421.13 7212.00 Fire Alarm/Sprinkler/Maint/Rep 2,251.74 Total 7212.00 Fire Alarm/Sprinkler/Maint/Rep 2,251.74 7213.01 Pest Control 1,618.00 Check 11/30/2016 1153 Hoskins Pest Control 11/25 - Rodent Bait Annual - inv 59455 650.00 2,268.00 Total 7213.01 Pest Control 650.00 2,268.00 7213.04 Termite Prevention/Renewal 1,200.00 Total 7213.04 Termite Prevention/Renewal 1,200.00 Total 7200.00 Building Maintenance 650.00 20,140.87 7500.00 Utilities 25,118.34 7510.00 Water/Sewer 11,254.90 Prepared By: Argus Management of Venice, Inc. Page 11

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 36093-606120 - 801 Montrose Drive - Base Charge (10/28/16-11/29/16) 1.84 11,256.74 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36093-606120 - Water 114.75 11,371.49 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36093-606120 - Sewer 186.26 11,557.75 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36031-606094 - 802 Montrose Drive - Base Charge (10/28/16-11/29/16) 1.84 11,559.59 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36031-606094 - Water 102.58 11,662.17 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36031-606094 - Sewer 153.83 11,816.00 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36051-606102 - 803 Montrose Drive - Base Charge (10/28/16-11/29/16) 1.84 11,817.84 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36051-606102 - Water 107.96 11,925.80 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36051-606102 - Sewer 168.16 12,093.96 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36039-606098 - 804 Montrose Drive - Base Charge (10/28/16-11/29/16) 1.84 12,095.80 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36039-606098 - Water 105.98 12,201.78 Check 11/30/2016 EBT Sarasota County Public Utilites Dept 36039-606098 - Sewer 162.88 12,364.66 Total 7510.00 Water/Sewer 1,109.76 12,364.66 7520.00 Electric 808.87 Check 11/28/2016 EBT FP & L 13081-38104 - 801 Montrose Drive - (10/26/16-11/23/16) 18.83 827.70 Check 11/28/2016 EBT FP & L 53920-37296 - 802 Montrose Drive 19.00 846.70 Check 11/28/2016 EBT FP & L 52697-15073 - 803 Montrose Drive 13.50 860.20 Check 11/28/2016 EBT FP & L 61781-27400 - 804 Montrose Drive 16.53 876.73 Check 11/28/2016 EBT FP & L - Unit 104 13340-55421 - 802 Montrose Drive Unit 104 - (10/26/16-11/23/16) 8.55 885.28 Total 7520.00 Electric 76.41 885.28 7530.00 Cable TV 12,914.02 Check 11/10/2016 EBT Comcast Cable Communications 15515 970092 01 4 (November) 1,323.35 14,237.37 Total 7530.00 Cable TV 1,323.35 14,237.37 7540.00 Trash Removal 140.55 Total 7540.00 Trash Removal 140.55 Total 7500.00 Utilities 2,509.52 27,627.86 7800.00 Administration 44,457.01 7810.00 Insurance - Package 15,038.90 Check 11/29/2016 EBT Premium Assignment 5 of 11 payments - loan 16122679 1,471.20 16,510.10 Total 7810.00 Insurance - Package 1,471.20 16,510.10 7820.00 Legal 427.50 Total 7820.00 Legal 427.50 7820.02 Accounting/Professsional Fees 350.00 Total 7820.02 Accounting/Professsional Fees 350.00 Prepared By: Argus Management of Venice, Inc. Page 12

Transation Detail by Account As of November 30, 2016 Type Date Num Name Memo Amount Balance 7830.00 Division Fees 189.25 Total 7830.00 Division Fees 189.25 7860.01 Master Association Fees 15,744.00 Total 7860.01 Master Association Fees 15,744.00 7870.00 Management Fee 5,500.00 Check 11/01/2016 1152 Argus Management November Management Fee 550.00 6,050.00 Total 7870.00 Management Fee 550.00 6,050.00 7880.01 Adminsitrative 540.66 Check 11/01/2016 1152 Argus Management October Administrative / first notice annual meeting - printing 106.20 646.86 Check 11/01/2016 1152 Argus Management October Postage / first notice - budget 79.16 726.02 Check 11/30/2016 1154 Venice Print Center copies / Gardens One - second notices inv 60729 37.56 763.58 Total 7880.01 Adminsitrative 222.92 763.58 7899.99 Bad Debt 6,666.70 General Journal 11/02/2016 mthly adj to expected uncollectible 666.67 7,333.37 Total 7899.99 Bad Debt 666.67 7,333.37 Total 7800.00 Administration 2,910.79 47,367.80 7900.00 Reserve(s) 16,697.00 7901.01 Reserve Contribution 16,697.00 Total 7901.01 Reserve Contribution 16,697.00 Total 7900.00 Reserve(s) 16,697.00 Total 7000.00 Disbursements 7,565.03 132,726.24 TOTAL 0.00 0.00 Prepared By: Argus Management of Venice, Inc. Page 13