. Managed by: Argus Management of Venice, Inc. 181 Center Road Venice, FL 34285 Office: (941) 408-7413 Fax: (941) 408-7419 association manager: vinny campbell Email: vinny@argusvenice.com FINANCIAL STATEMENTS FOR THE PERIOD ENDING February 28, 2017 Reports Included: Balance Sheet Page 1 Accounts Receivable Summary Page 2 Reserve Report Page 3 Month Budget vs. Month Income/Expense Page 4 YTD Budget vs. YTD Income/Expense Page 5 2016/2017 Budget vs. YTD Income/Expense Page 6 2016/2017 Budget vs. Monthly YTD Income/Expense Page 7 Transaction Ledger by Account for the Month Page 8-15 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: March 13, 2017 ~unaudited~
Accrual Basis Balance Sheet As of February 28, 2017 ASSETS Current Assets Operating/Reserve 1010.00 Operating Account(s) 1011.00 Checking; BB&T 93,499.56 1012.00 Checking; Stonegate Bank 1,196.37 1019.00 Petty Cash 108.89 1019.99 Due (to) / Due from Reserve (90,613.25) Total 1010.00 Operating Account(s) 4,191.57 1020.00 Reserve Account(s) 1021.00 M/M; Stonegate Bank 45,818.60 1021.01 M/M; BB&T 36,226.30 1029.99 Due (to) / Due from Operating 90,613.25 Total 1020.00 Reserve Account(s) 172,658.15 Total Operating/Reserve 176,849.72 Accounts Receivable 1040.00 Assessment Receivable 1,806.79 Total Accounts Receivable 1,806.79 Other Current Assets 1050.00 Prepaid Insurance 44,683.64 1050.02 Prepaid Payroll 728.58 1215.00 Land 378,564.91 1216.00 Washer/Dryer 1,930.32 1499.00 Posted Pending Deposit 12.00 Total Other Current Assets 425,919.45 Total Current Assets 604,575.96 TOTAL ASSETS 604,575.96 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 3010.00 Accounts Payable 205.00 3020.00 Prepaid Assessment(s) 5,537.63 3031.00 Deferred Assessments 18,880.66 Total Other Current Liabilities 24,623.29 Total Current Liabilities 24,623.29 Long Term Liabilities 3500.00 Reserve Fund 172,658.15 Total Long Term Liabilities 172,658.15 Total Liabilities 197,281.44 Equity 3900.00 Retained Earnings 32,633.97 3911.00 Land Equity 378,564.91 Net Income (3,904.36) Total Equity 407,294.52 TOTAL LIABILITIES & EQUITY 604,575.96 Prepared By: Argus Management of Venice, Inc. Page 1
Accounts Receivable Summary As of February 28, 2017 OWED PREPAID 011 DeNatale (2.00) 022 Cross (70.02) 181 Harnett (1,808.16) 231 Forsberg 1,801.96 251 Tomasetti (123.45) 261 Speckeen, Jay D (3,524.00) 271 Cairns (10.00) 282 Monmonier IV, Joseph 4.83 TOTAL 1,806.79 (5,537.63) 1040.00 - ACCOUNTS RECEIVABLE 3020.00 - PREPAID ASSESSMENTS $1,806.79 ($5,537.63) Prepared By: Argus Management of Venice, Inc. Page 1
Accrual Basis Reserve Report May 2016 through February 2017 3500.00 Reserve Fund 3501.00 Roofs 3501.01 Beg Bal - Roofs 832.19 3501.02 Allocation - Roofs 19,847.25 Total 3501.00 Roofs 20,679.44 3502.00 Exterior Painting 3502.01 Beg Bal - Exterior Painting 23,885.70 3502.02 Allocation - Exterior Painting 4,264.50 Total 3502.00 Exterior Painting 28,150.20 3503.00 Parking Lots 3503.01 Beg Bal - Parking Lots 4,195.54 3503.02 Allocation - Parking Lots 1,237.50 Total 3503.00 Parking Lots 5,433.04 3504.00 Bldg & Grounds 3504.01 Beg Bal - Bldg & Ground 94,262.44 3504.03 Expense-Bldg & Grounds (7,406.00) Total 3504.00 Bldg & Grounds 86,856.44 3506.00 Pool 3506.01 Beg Bal - Pool 20,000.00 Total 3506.00 Pool 20,000.00 3599.00 Reserve Interest 3599.01 Beg. Bal. - Interest 11,400.84 3599.02 Earned YTD - Interest 138.19 Total 3599.00 Reserve Interest 11,539.03 Total 3500.00 Reserve Fund 172,658.15 TOTAL 172,658.15 Prepared By: Argus Management of Venice, Inc. Page 3
Accrual Basis Month Budget vs. Month Income/Expenses Feb '17 Feb '17 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 21,264.08 21,264.08 0.00 5020.00 Laundry 160.00 83.33 76.67 5040.00 Other 29.92 4.17 25.75 5050.00 Interest 2.20 2.50 (0.30) 5051.00 Owners Late Fees & Interest 50.00 0.00 50.00 Total Income 21,506.20 21,354.08 152.12 Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Mechanical 1,010.00 1,010.00 0.00 7110.01 Landscaping/Planting/Sod Etc 45.81 333.33 (287.52) 7118.00 Fertilizer, Insecticide, Etc 157.00 163.00 (6.00) 7140.00 Tree Trimming 0.00 0.00 0.00 7150.00 Irrigation Repairs 0.00 75.00 (75.00) Total 7100.00 Grounds 1,212.81 1,581.33 (368.52) 7200.00 Building Maintenance 7210.00 Repairs & Services 2,157.28 583.33 1,573.95 7212.00 Maintenance Man 1,764.11 1,914.60 (150.49) 7215.00 Fire Safety 0.00 0.00 0.00 7220.00 Pest Control 90.00 60.00 30.00 Total 7200.00 Building Maintenance 4,011.39 2,557.93 1,453.46 7300.00 Swimming Pool 7310.00 Pool Contract 205.00 208.33 (3.33) 7310.01 Pool Supplies & Repairs 0.00 104.17 (104.17) Total 7300.00 Swimming Pool 205.00 312.50 (107.50) 7500.00 Utilities 7510.00 Water/Sewer 3,324.12 2,711.64 612.48 7520.00 Electric 651.74 563.86 87.88 7530.00 Cable TV 1,304.73 1,328.47 (23.74) 7540.00 Trash Removal 818.96 804.17 14.79 Total 7500.00 Utilities 6,099.55 5,408.14 691.41 7800.00 Administration 7810.00 Insurance - Property 10,416.67 10,416.67 0.00 7820.00 Legal/Professional 0.00 41.67 (41.67) 7825.00 Bureau of Condo Fees 0.00 0.00 0.00 7825.01 Fees, Dues, License, Taxes 0.00 0.00 0.00 7870.00 Management Fee 643.75 643.75 0.00 7880.00 Office Supplies, Postage, etc. 46.80 116.67 (69.87) 7895.00 Contingencies 0.00 0.00 0.00 Total 7800.00 Administration 11,107.22 11,218.76 (111.54) Total 7000.00 Disbursements 22,635.97 21,078.66 1,557.31 Total Expense 22,635.97 21,078.66 1,557.31 Net Income (1,129.77) 275.42 (1,405.19) Prepared By: Argus Management of Venice, Inc. Page 4
Accrual Basis YTD Budget vs. YTD Income/Expenses May '16 - Feb '17 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 212,640.80 212,640.80 0.00 5020.00 Laundry 320.00 833.30 (513.30) 5040.00 Other 82.33 41.70 40.63 5050.00 Interest 20.80 25.00 (4.20) 5051.00 Owners Late Fees & Interest 275.00 0.00 275.00 Total Income 213,338.93 213,540.80 (201.87) Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Mechanical 10,100.00 10,100.00 0.00 7110.01 Landscaping/Planting/Sod Etc 289.35 3,333.30 (3,043.95) 7118.00 Fertilizer, Insecticide, Etc 2,353.00 2,413.00 (60.00) 7140.00 Tree Trimming 1,805.00 1,950.00 (145.00) 7150.00 Irrigation Repairs 0.00 750.00 (750.00) Total 7100.00 Grounds 14,547.35 18,546.30 (3,998.95) 7200.00 Building Maintenance 7210.00 Repairs & Services 12,423.59 5,833.30 6,590.29 7212.00 Maintenance Man 18,198.30 17,244.24 954.06 7215.00 Fire Safety 0.00 0.00 0.00 7220.00 Pest Control 1,500.00 1,560.00 (60.00) Total 7200.00 Building Maintenance 32,121.89 24,637.54 7,484.35 7300.00 Swimming Pool 7310.00 Pool Contract 2,050.00 2,083.30 (33.30) 7310.01 Pool Supplies & Repairs 1,184.76 1,041.70 143.06 Total 7300.00 Swimming Pool 3,234.76 3,125.00 109.76 7500.00 Utilities 7510.00 Water/Sewer 27,803.61 27,891.03 (87.42) 7520.00 Electric 4,813.48 4,837.22 (23.74) 7530.00 Cable TV 13,047.46 13,063.06 (15.60) 7540.00 Trash Removal 7,995.40 8,041.70 (46.30) Total 7500.00 Utilities 53,659.95 53,833.01 (173.06) 7800.00 Administration 7810.00 Insurance - Property 104,166.70 104,166.70 0.00 7820.00 Legal/Professional 1,237.22 416.70 820.52 7825.00 Bureau of Condo Fees 164.00 164.00 0.00 7825.01 Fees, Dues, License, Taxes 475.00 338.00 137.00 7870.00 Management Fee 6,437.50 6,437.50 0.00 7880.00 Office Supplies, Postage, etc. 1,128.92 1,166.70 (37.78) 7895.00 Contingencies 70.00 0.00 70.00 Total 7800.00 Administration 113,679.34 112,689.60 989.74 Total 7000.00 Disbursements 217,243.29 212,831.45 4,411.84 Total Expense 217,243.29 212,831.45 4,411.84 Net Income (3,904.36) 709.35 (4,613.71) Prepared By: Argus Management of Venice, Inc. Page 5
Accrual Basis 2016/2017 Budget vs. YTD Income/Expenses May '16 - Jan '17 2016/2017 (Under) Budget Inc / Exp Budget Over Budget Income 5010.00 Assessments 212,640.80 255,169.00 (42,528.20) 5020.00 Laundry 320.00 1,000.00 (680.00) 5040.00 Other 82.33 50.00 32.33 5050.00 Interest 20.80 30.00 (9.20) 5051.00 Owners Late Fees & Interest 275.00 0.00 275.00 Total Income 213,338.93 256,249.00 (42,910.07) Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Mechanical 10,100.00 12,120.00 (2,020.00) 7110.01 Landscaping/Planting/Sod Etc 289.35 4,000.00 (3,710.65) 7118.00 Fertilizer, Insecticide, Etc 2,353.00 3,000.00 (647.00) 7140.00 Tree Trimming 1,805.00 1,950.00 (145.00) 7150.00 Irrigation Repairs 0.00 900.00 (900.00) Total 7100.00 Grounds 14,547.35 21,970.00 (7,422.65) 7200.00 Building Maintenance 7210.00 Repairs & Services 12,423.59 7,000.00 5,423.59 7212.00 Maintenance Man 18,198.30 20,600.00 (2,401.70) 7215.00 Fire Safety 0.00 350.00 (350.00) 7220.00 Pest Control 1,500.00 2,000.00 (500.00) Total 7200.00 Building Maintenance 32,121.89 29,950.00 2,171.89 7300.00 Swimming Pool 7310.00 Pool Contract 2,050.00 2,500.00 (450.00) 7310.01 Pool Supplies & Repairs 1,184.76 1,250.00 (65.24) Total 7300.00 Swimming Pool 3,234.76 3,750.00 (515.24) 7500.00 Utilities 7510.00 Water/Sewer 27,803.61 33,820.00 (6,016.39) 7520.00 Electric 4,813.48 6,200.00 (1,386.52) 7530.00 Cable TV 13,047.46 15,720.00 (2,672.54) 7540.00 Trash Removal 7,995.40 9,650.00 (1,654.60) Total 7500.00 Utilities 53,659.95 65,390.00 (11,730.05) 7800.00 Administration 7810.00 Insurance - Property 104,166.70 125,000.00 (20,833.30) 7820.00 Legal/Professional 1,237.22 500.00 737.22 7825.00 Bureau of Condo Fees 164.00 164.00 0.00 7825.01 Fees, Dues, License, Taxes 475.00 400.00 75.00 7870.00 Management Fee 6,437.50 7,725.00 (1,287.50) 7880.00 Office Supplies, Postage, etc. 1,128.92 1,400.00 (271.08) 7895.00 Contingencies 70.00 0.00 70.00 Total 7800.00 Administration 113,679.34 135,189.00 (21,509.66) Total 7000.00 Disbursements 217,243.29 256,249.00 (39,005.71) Total Expense 217,243.29 256,249.00 (39,005.71) Net Income (3,904.36) 0.00 (3,904.36) Prepared By: Argus Management of Venice, Inc. Page 6
Accrual Basis 2016/2017 Budget vs. Monthly YTD Income/Expenses Income / Expense Total 2016/2017 Remaining Remaining May '16 Jun '16 Jul '16 Aug '16 Sep '16 Oct '16 Nov '16 Dec '16 Jan '17 Feb '17 Inc / Exp Budget Budget % Income 5010.00 Assessments 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 21,264.08 212,640.80 255,169.00 42,528.20 16.67% 5020.00 Laundry 0.00 0.00 0.00 0.00 0.00 160.00 0.00 0.00 0.00 160.00 320.00 1,000.00 680.00 68.00% 5040.00 Other 20.48 0.00 5.17 4.07 0.00 22.69 0.00 0.00 0.00 29.92 82.33 50.00 (32.33) (64.66%) 5050.00 Interest 1.08 1.27 2.61 2.20 1.97 2.96 2.45 1.76 2.30 2.20 20.80 30.00 9.20 30.67% 5051.00 Owners Late Fees & Interest 0.00 0.00 100.00 0.00 0.00 100.00 0.00 0.00 25.00 50.00 275.00 0.00 (275.00) 0.00% Total Income 21,285.64 21,265.35 21,371.86 21,270.35 21,266.05 21,549.73 21,266.53 21,265.84 21,291.38 21,506.20 213,338.93 256,249.00 42,910.07 16.75% Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Mechanical 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 1,010.00 10,100.00 12,120.00 2,020.00 16.67% 7110.01 Landscaping/Planting/Sod Etc 67.72 23.50 0.00 0.00 0.00 129.34 0.00 0.00 22.98 45.81 289.35 4,000.00 3,710.65 92.77% 7118.00 Fertilizer, Insecticide, Etc 157.00 575.00 0.00 157.00 418.00 157.00 157.00 418.00 157.00 157.00 2,353.00 3,000.00 647.00 21.57% 7140.00 Tree Trimming 200.00 0.00 0.00 0.00 1,605.00 0.00 0.00 0.00 0.00 0.00 1,805.00 1,950.00 145.00 7.44% 7150.00 Irrigation Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900.00 900.00 100.00% Total 7100.00 Grounds 1,434.72 1,608.50 1,010.00 1,167.00 3,033.00 1,296.34 1,167.00 1,428.00 1,189.98 1,212.81 14,547.35 21,970.00 7,422.65 33.79% 7200.00 Building Maintenance 7210.00 Repairs & Services 270.95 203.45 1,864.49 201.11 167.68 6,832.66 347.25 195.20 183.52 2,157.28 12,423.59 7,000.00 (5,423.59) (77.48%) 7212.00 Maintenance Man 1,735.32 1,675.64 1,655.36 1,732.28 2,444.60 1,678.46 1,716.92 2,116.92 1,678.69 1,764.11 18,198.30 20,600.00 2,401.70 11.66% 7215.00 Fire Safety 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 350.00 350.00 100.00% 7220.00 Pest Control 60.00 60.00 360.00 60.00 60.00 360.00 60.00 30.00 360.00 90.00 1,500.00 2,000.00 500.00 25.00% Total 7200.00 Building Maintenance 2,066.27 1,939.09 3,879.85 1,993.39 2,672.28 8,871.12 2,124.17 2,342.12 2,222.21 4,011.39 32,121.89 29,950.00 (2,171.89) (7.25%) 7300.00 Swimming Pool 7310.00 Pool Contract 205.00 205.00 205.00 205.00 205.00 205.00 205.00 205.00 205.00 205.00 2,050.00 2,500.00 450.00 18.00% 7310.01 Pool Supplies & Repairs 0.00 289.57 6.32 449.38 0.00 110.82 79.60 244.07 5.00 0.00 1,184.76 1,250.00 65.24 5.22% Total 7300.00 Swimming Pool 205.00 494.57 211.32 654.38 205.00 315.82 284.60 449.07 210.00 205.00 3,234.76 3,750.00 515.24 13.74% 7500.00 Utilities 7510.00 Water/Sewer 2,530.82 2,541.71 2,303.90 2,243.01 2,557.53 3,497.15 3,405.22 2,697.82 2,702.33 3,324.12 27,803.61 33,820.00 6,016.39 17.79% 7520.00 Electric 537.87 373.58 339.14 435.50 361.06 371.33 481.20 583.87 678.19 651.74 4,813.48 6,200.00 1,386.52 22.36% 7530.00 Cable TV 1,304.75 1,304.75 1,304.75 1,304.75 1,304.75 1,304.75 1,304.75 1,304.75 1,304.73 1,304.73 13,047.46 15,720.00 2,672.54 17.00% 7540.00 Trash Removal 780.12 780.12 780.12 780.12 780.12 818.96 818.96 818.96 818.96 818.96 7,995.40 9,650.00 1,654.60 17.15% Total 7500.00 Utilities 5,153.56 5,000.16 4,727.91 4,763.38 5,003.46 5,992.19 6,010.13 5,405.40 5,504.21 6,099.55 53,659.95 65,390.00 11,730.05 17.94% 7800.00 Administration 7810.00 Insurance - Property 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 10,416.67 104,166.70 125,000.00 20,833.30 16.67% 7820.00 Legal/Professional 0.00 425.00 0.00 330.00 0.00 220.00 0.00 0.00 262.22 0.00 1,237.22 500.00 (737.22) (147.44%) 7825.00 Bureau of Condo Fees 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 164.00 0.00 164.00 164.00 0.00 0.00% 7825.01 Fees, Dues, License, Taxes 275.00 0.00 0.00 200.00 0.00 0.00 0.00 0.00 0.00 0.00 475.00 400.00 (75.00) (18.75%) 7870.00 Management Fee 643.75 643.75 643.75 643.75 643.75 643.75 643.75 643.75 643.75 643.75 6,437.50 7,725.00 1,287.50 16.67% 7880.00 Office Supplies, Postage, etc. (6.72) 120.92 368.01 78.44 148.63 45.60 38.68 86.34 202.22 46.80 1,128.92 1,400.00 271.08 19.36% 7895.00 Contingencies 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70.00 0.00 0.00 70.00 0.00 (70.00) 0.00% Total 7800.00 Administration 11,328.70 11,606.34 11,428.43 11,668.86 11,209.05 11,326.02 11,099.10 11,216.76 11,688.86 11,107.22 113,679.34 135,189.00 21,509.66 15.91% Total 7000.00 Disbursements 20,188.25 20,648.66 21,257.51 20,247.01 22,122.79 27,801.49 20,685.00 20,841.35 20,815.26 22,635.97 217,243.29 256,249.00 39,005.71 15.22% Total Expense 20,188.25 20,648.66 21,257.51 20,247.01 22,122.79 27,801.49 20,685.00 20,841.35 20,815.26 22,635.97 217,243.29 256,249.00 Net Income 1,097.39 616.69 114.35 1,023.34 (856.74) (6,251.76) 581.53 424.49 476.12 (1,129.77) (3,904.36) 0.00 Prepared By: Argus Management of Venice, Inc. 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Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance 1010.00 Operating Account(s) 14,361.71 1011.00 Checking; BB&T 103,669.79 Check 02/01/2017 2950 Argus Management of Venice, Inc. February Management (690.55) 102,979.24 Check 02/01/2017 2951 Argus Management of Venice, Inc./payroll payroll week ending 02/03 (838.12) 102,141.12 Check 02/12/2017 EBT Comcast Cable Communications 15515 319666-01-6 (February) (1,304.73) 100,836.39 Check 02/13/2017 2952 Hoskins Pest Control (420.00) 100,416.39 Check 02/13/2017 2953 Insurance Service of Sarasota, Inc. Cust 3242 (947.00) 99,469.39 Check 02/13/2017 2954 Babe's Ace Hardware Act 119100 (4.27) 99,465.12 Check 02/13/2017 2955 Adele Bowan reimbursement - (45.81) 99,419.31 Check 02/13/2017 2956 Argus Management of Venice, Inc./payroll payroll week ending 02/17 (925.99) 98,493.32 Check 02/13/2017 EBT FP & L 38349-45432 (01/11/17-02/09/17) (651.74) 97,841.58 Deposit 02/13/2017 Deposit 160.00 98,001.58 Check 02/17/2017 2957 Jim Bear Service Repairs Made (1,800.00) 96,201.58 Deposit 02/17/2017 Deposit~ 1,801.96 98,003.54 Check 02/21/2017 EBT City of Venice ( 01/03/17-02/08/17 ) (4,143.08) 93,860.46 Deposit 02/24/2017 Deposit* 1,762.00 95,622.46 Check 02/28/2017 2958 Marchbank Lawn Services February Monthly Lawn Service (1,010.00) 94,612.46 Check 02/28/2017 2959 Hughes Exterminators 1585 Tarpon Center - Cust 682892 (732.00) 93,880.46 Check 02/28/2017 2960 Lowe's Home Center, LLC 82131109061338 (353.01) 93,527.45 Check 02/28/2017 2961 Hoskins Pest Control inv 66094 rodent bait mthly (30.00) 93,497.45 Deposit 02/28/2017 interest earned 2.11 93,499.56 Total 1011.00 Checking; BB&T (10,170.23) 93,499.56 1012.00 Checking; Stonegate Bank 1,196.28 Deposit 02/28/2017 interest earned 0.09 1,196.37 Total 1012.00 Checking; Stonegate Bank 0.09 1,196.37 1019.00 Petty Cash 108.89 Total 1019.00 Petty Cash 108.89 1019.99 Due (to) / Due from Reserve (90,613.25) Total 1019.99 Due (to) / Due from Reserve (90,613.25) Total 1010.00 Operating Account(s) (10,170.14) 4,191.57 1020.00 Reserve Account(s) 178,646.19 1021.00 M/M; Stonegate Bank 45,809.82 Deposit 02/28/2017 interest earned 8.78 45,818.60 Total 1021.00 M/M; Stonegate Bank 8.78 45,818.60 1021.01 M/M; BB&T 42,223.12 Prepared By: Argus Management of Venice, Inc. Page 8
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance Check 02/21/2017 108 George Dills Handyman Service Deposit for Materials / (2,500.00) 39,723.12 Check 02/24/2017 109 MRT Lawn & Garden Center Landscape Deposit (3,500.00) 36,223.12 Deposit 02/28/2017 interest earned 3.18 36,226.30 Total 1021.01 M/M; BB&T (5,996.82) 36,226.30 1029.99 Due (to) / Due from Operating 90,613.25 Total 1029.99 Due (to) / Due from Operating 90,613.25 Total 1020.00 Reserve Account(s) (5,988.04) 172,658.15 1040.00 Assessment Receivable 3,540.83 Stmt Charge 02/01/2017 211 Moore Late Fee - 3rd Qtr 2016/2017 Not Received 25.00 3,565.83 Stmt Charge 02/01/2017 231 Forsberg Late Fee - 3rd Qtr 2016/2017 Not Received 25.00 3,590.83 Stmt Charge 02/01/2017 211 Moore Interest - 10% Per Annum January 2017 14.96 3,605.79 Stmt Charge 02/01/2017 231 Forsberg Interest - 10% Per Annum January 2017 14.96 3,620.75 General Journal 02/01/2017 r pp asmts 001 Suspense Customer rev adj pp asmts (3,775.63) (154.88) Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 (1,762.00) (1,916.88) Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 Late Fee (25.00) (1,941.88) Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 Interest (14.96) (1,956.84) Payment 02/24/2017 1167 181 Harnett 4th Qtr 2016/2017 (1,762.00) (3,718.84) Payment 02/27/2017 001453 141 Jones Bank Fee for Returned Check #001446 (12.00) (3,730.84) General Journal 02/28/2017 pp asmts 001 Suspense Customer adj pp asmts 5,537.63 1,806.79 Total 1040.00 Assessment Receivable (1,734.04) 1,806.79 1050.00 Prepaid Insurance 54,153.31 General Journal 02/02/2017 2016/2017 pp insur alloc (10,416.67) 43,736.64 Check 02/13/2017 2953 Insurance Service of Sarasota, Inc. 03/06 - D&O Policy inv 3242 947.00 44,683.64 Total 1050.00 Prepaid Insurance (9,469.67) 44,683.64 1050.02 Prepaid Payroll 728.58 Total 1050.02 Prepaid Payroll 728.58 1215.00 Land 378,564.91 Total 1215.00 Land 378,564.91 1216.00 Washer/Dryer 1,930.32 Total 1216.00 Washer/Dryer 1,930.32 1499.00 Posted Pending Deposit 0.00 Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 1,762.00 1,762.00 Prepared By: Argus Management of Venice, Inc. Page 9
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 Late Fee 25.00 1,787.00 Payment 02/13/2017 1517 211 Moore 3rd Qtr 2016/2017 Interest 14.96 1,801.96 Deposit 02/17/2017 1517 211 Moore 3rd Qtr 2016/2017 (1,762.00) 39.96 Deposit 02/17/2017 1517 211 Moore 3rd Qtr 2016/2017 Late Fee (25.00) 14.96 Deposit 02/17/2017 1517 211 Moore 3rd Qtr 2016/2017 Interest (14.96) 0.00 Payment 02/24/2017 1167 181 Harnett 4th Qtr 2016/2017 1,762.00 1,762.00 Deposit 02/24/2017 1167 181 Harnett 4th Qtr 2016/2017 (1,762.00) 0.00 Payment 02/27/2017 001453 141 Jones Bank Fee for Returned Check #001446 12.00 12.00 Total 1499.00 Posted Pending Deposit 12.00 12.00 3010.00 Accounts Payable (935.00) Check 02/13/2017 2952 Hoskins Pest Control 01/03 - Rodent bait Mthly - inv 62961 30.00 (905.00) Check 02/13/2017 2952 Hoskins Pest Control 01/13 - Qtrly rodent Bait - inv 62960 300.00 (605.00) Check 02/13/2017 2952 Hoskins Pest Control 01/13 - Rodent Bait Mthly inv 62959 30.00 (575.00) Check 02/28/2017 2959 Hughes Exterminators 12/31 premium lawn service inv 27195434 157.00 (418.00) Check 02/28/2017 2959 Hughes Exterminators 12/31 ornamental service inv 27195435 115.00 (303.00) Check 02/28/2017 2959 Hughes Exterminators 12/31 lawn service inv 27195436 303.00 0.00 General Journal 02/28/2017 A/P Southwest Pools February Monthly Service - 2 Days a weeks - inv????? (205.00) (205.00) Total 3010.00 Accounts Payable 730.00 (205.00) 3020.00 Prepaid Assessment(s) (3,775.63) General Journal 02/01/2017 r pp asmts 001 Suspense Customer rev adj pp asmts 3,775.63 0.00 General Journal 02/28/2017 pp asmts 001 Suspense Customer adj pp asmts (5,537.63) (5,537.63) Total 3020.00 Prepaid Assessment(s) (1,762.00) (5,537.63) 3031.00 Deferred Assessments (40,144.74) General Journal 02/02/2017 2016/2017 monthly op alloc 21,264.08 (18,880.66) Total 3031.00 Deferred Assessments 21,264.08 (18,880.66) 3500.00 Reserve Fund (178,646.19) 3501.00 Roofs (20,679.44) 3501.01 Beg Bal - Roofs (832.19) Total 3501.01 Beg Bal - Roofs (832.19) 3501.02 Allocation - Roofs (19,847.25) Total 3501.02 Allocation - Roofs (19,847.25) Total 3501.00 Roofs (20,679.44) 3502.00 Exterior Painting (28,150.20) 3502.01 Beg Bal - Exterior Painting (23,885.70) Prepared By: Argus Management of Venice, Inc. Page 10
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance Total 3502.01 Beg Bal - Exterior Painting (23,885.70) 3502.02 Allocation - Exterior Painting (4,264.50) Total 3502.02 Allocation - Exterior Painting (4,264.50) Total 3502.00 Exterior Painting (28,150.20) 3503.00 Parking Lots (5,433.04) 3503.01 Beg Bal - Parking Lots (4,195.54) Total 3503.01 Beg Bal - Parking Lots (4,195.54) 3503.02 Allocation - Parking Lots (1,237.50) Total 3503.02 Allocation - Parking Lots (1,237.50) Total 3503.00 Parking Lots (5,433.04) 3504.00 Bldg & Grounds (92,856.44) 3504.01 Beg Bal - Bldg & Ground (94,262.44) Total 3504.01 Beg Bal - Bldg & Ground (94,262.44) 3504.03 Expense-Bldg & Grounds 1,406.00 Check 02/21/2017 108 George Dills Handyman Service Deposit for materials / work to be done 2,500.00 3,906.00 Check 02/24/2017 109 MRT Lawn & Garden Center Down Payment for Shrubbery work on roadside project 3,500.00 7,406.00 Total 3504.03 Expense-Bldg & Grounds 6,000.00 7,406.00 Total 3504.00 Bldg & Grounds 6,000.00 (86,856.44) 3506.00 Pool (20,000.00) 3506.01 Beg Bal - Pool (20,000.00) Total 3506.01 Beg Bal - Pool (20,000.00) Total 3506.00 Pool (20,000.00) 3599.00 Reserve Interest (11,527.07) 3599.01 Beg. Bal. - Interest (11,400.84) Total 3599.01 Beg. Bal. - Interest (11,400.84) Prepared By: Argus Management of Venice, Inc. Page 11
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance 3599.02 Earned YTD - Interest (126.23) Deposit 02/28/2017 interest earned (3.18) (129.41) Deposit 02/28/2017 interest earned (8.78) (138.19) Total 3599.02 Earned YTD - Interest (11.96) (138.19) Total 3599.00 Reserve Interest (11.96) (11,539.03) Total 3500.00 Reserve Fund 5,988.04 (172,658.15) 3900.00 Retained Earnings (32,633.97) Total 3900.00 Retained Earnings (32,633.97) 3911.00 Land Equity (378,564.91) Total 3911.00 Land Equity (378,564.91) 5010.00 Assessments (191,376.72) General Journal 02/02/2017 2016/2016 monthly op alloc (21,264.08) (212,640.80) Total 5010.00 Assessments (21,264.08) (212,640.80) 5020.00 Laundry (160.00) Deposit 02/13/2017 Cash laudry collection: 10/18/16 thru 02/13/17 (160.00) (320.00) Total 5020.00 Laundry (160.00) (320.00) 5040.00 Other (52.41) Stmt Charge 02/01/2017 211 Moore Interest - 10% Per Annum January 2017 (14.96) (67.37) Stmt Charge 02/01/2017 231 Forsberg Interest - 10% Per Annum January 2017 (14.96) (82.33) Total 5040.00 Other (29.92) (82.33) 5050.00 Interest (18.60) Deposit 02/28/2017 interest earned (2.11) (20.71) Deposit 02/28/2017 interest earned (0.09) (20.80) Total 5050.00 Interest (2.20) (20.80) 5051.00 Owners Late Fees & Interest (225.00) Stmt Charge 02/01/2017 211 Moore Late Fee - 3rd Qtr 2016/2017 Not Received (25.00) (250.00) Stmt Charge 02/01/2017 231 Forsberg Late Fee - 3rd Qtr 2016/2017 Not Received (25.00) (275.00) Total 5051.00 Owners Late Fees & Interest (50.00) (275.00) Prepared By: Argus Management of Venice, Inc. Page 12
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance 7000.00 Disbursements 194,607.32 7100.00 Grounds 13,334.54 7110.00 Grounds Mechanical 9,090.00 Check 02/28/2017 2958 Marchbank Lawn Services February Monthly Lawn Service - inv 217 1,010.00 10,100.00 Total 7110.00 Grounds Mechanical 1,010.00 10,100.00 7110.01 Landscaping/Planting/Sod Etc 243.54 Check 02/13/2017 2955 Adele Bowan MRT & Lowes - purchase misc landscape 45.81 289.35 Total 7110.01 Landscaping/Planting/Sod Etc 45.81 289.35 7118.00 Fertilizer, Insecticide, Etc 2,196.00 Check 02/28/2017 2959 Hughes Exterminators 02/14 premium lawn service inv 27649519 157.00 2,353.00 Total 7118.00 Fertilizer, Insecticide, Etc 157.00 2,353.00 7140.00 Tree Trimming 1,805.00 Total 7140.00 Tree Trimming 1,805.00 Total 7100.00 Grounds 1,212.81 14,547.35 7200.00 Building Maintenance 28,110.50 7210.00 Repairs & Services 10,266.31 Check 02/13/2017 2954 Babe's Ace Hardware 01/18 inv 67274 / cement 4.27 10,270.58 Check 02/17/2017 2957 Jim Bear Service remove dirt, mulch & leaves to get below sidewalks / take edging up and turn it over, level inst... 1,800.00 12,070.58 Check 02/28/2017 2960 Lowe's Home Center, LLC 01/17 - inv 20573 49.51 12,120.09 Check 02/28/2017 2960 Lowe's Home Center, LLC 01/26 - inv 20081 174.66 12,294.75 Check 02/28/2017 2960 Lowe's Home Center, LLC 02/02 - inv 13620 54.74 12,349.49 Check 02/28/2017 2960 Lowe's Home Center, LLC 02/09 - inv 05943 74.10 12,423.59 Total 7210.00 Repairs & Services 2,157.28 12,423.59 7212.00 Maintenance Man 16,434.19 Check 02/01/2017 2951 Argus Management of Venice, Inc./payroll McNeil - 41 hrs week end 02/03 838.12 17,272.31 Check 02/13/2017 2956 Argus Management of Venice, Inc./payroll McNeil - 44 hrs week end 02/17 925.99 18,198.30 Total 7212.00 Maintenance Man 1,764.11 18,198.30 7220.00 Pest Control 1,410.00 Check 02/13/2017 2952 Hoskins Pest Control 12/19 - Rodent Bait Mthly - inv 59869 30.00 1,440.00 Check 02/13/2017 2952 Hoskins Pest Control 0201 - Rodent Bait Mthly inv 66095 30.00 1,470.00 Check 02/28/2017 2961 Hoskins Pest Control 02/15 - Rodent Bait Mthly - inv 66094 30.00 1,500.00 Total 7220.00 Pest Control 90.00 1,500.00 Prepared By: Argus Management of Venice, Inc. Page 13
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance Total 7200.00 Building Maintenance 4,011.39 32,121.89 7300.00 Swimming Pool 3,029.76 7310.00 Pool Contract 1,845.00 General Journal 02/28/2017 A/P Southwest Pools February Monthly Service - 2 Days a weeks - inv????? 205.00 2,050.00 Total 7310.00 Pool Contract 205.00 2,050.00 7310.01 Pool Supplies & Repairs 1,184.76 Total 7310.01 Pool Supplies & Repairs 1,184.76 Total 7300.00 Swimming Pool 205.00 3,234.76 7500.00 Utilities 47,560.40 7510.00 Water/Sewer 24,479.49 Check 02/21/2017 EBT City of Venice Water - 15980-13270 - (01/03/17-02/08/17) 565.06 25,044.55 Check 02/21/2017 EBT City of Venice Sewer 700.24 25,744.79 Check 02/21/2017 EBT City of Venice Water - 15978-13268 - (01/03/17-02/08/17) 814.85 26,559.64 Check 02/21/2017 EBT City of Venice Sewer 957.56 27,517.20 Check 02/21/2017 EBT City of Venice Stormwater 286.41 27,803.61 Total 7510.00 Water/Sewer 3,324.12 27,803.61 7520.00 Electric 4,161.74 Check 02/13/2017 EBT FP & L 38349-45432 - 1585 Tarpon Center Dr HM (01/11/17-02/09/17) 651.74 4,813.48 Total 7520.00 Electric 651.74 4,813.48 7530.00 Cable TV 11,742.73 Check 02/12/2017 EBT Comcast Cable Communications 15515-319666-01-6 (February) 1,304.73 13,047.46 Total 7530.00 Cable TV 1,304.73 13,047.46 7540.00 Trash Removal 7,176.44 Check 02/21/2017 EBT City of Venice Recycling - 15980-13270 - (01/03/17-02/08/17) 152.80 7,329.24 Check 02/21/2017 EBT City of Venice Recycling - 15978-13268 - (01/03/17-02/08/17) 160.44 7,489.68 Check 02/21/2017 EBT City of Venice Trash Removal - (2yd & 3 yd 2x per wk; 2yd 1x per wk - incld Pull Out) 505.72 7,995.40 Total 7540.00 Trash Removal 818.96 7,995.40 Total 7500.00 Utilities 6,099.55 53,659.95 Prepared By: Argus Management of Venice, Inc. Page 14
Accrual Basis Transaction Ledger by Account As of February 28, 2017 Type Date Num Name Memo Amount Balance 7800.00 Administration 102,572.12 7810.00 Insurance - Property 93,750.03 General Journal 02/02/2017 2016/2017 pp insur alloc 10,416.67 104,166.70 Total 7810.00 Insurance - Property 10,416.67 104,166.70 7820.00 Legal/Professional 1,237.22 Total 7820.00 Legal/Professional 1,237.22 7825.00 Bureau of Condo Fees 164.00 Total 7825.00 Bureau of Condo Fees 164.00 7825.01 Fees, Dues, License, Taxes 475.00 Total 7825.01 Fees, Dues, License, Taxes 475.00 7870.00 Management Fee 5,793.75 Check 02/01/2017 2950 Argus Management of Venice, Inc. February Management 643.75 6,437.50 Total 7870.00 Management Fee 643.75 6,437.50 7880.00 Office Supplies, Postage, etc. 1,082.12 Check 02/01/2017 2950 Argus Management of Venice, Inc. Administrative / Postage 46.80 1,128.92 Total 7880.00 Office Supplies, Postage, etc. 46.80 1,128.92 7895.00 Contingencies 70.00 Total 7895.00 Contingencies 70.00 Total 7800.00 Administration 11,107.22 113,679.34 Total 7000.00 Disbursements 22,635.97 217,243.29 TOTAL 0.00 0.00 Prepared By: Argus Management of Venice, Inc. Page 15