Venice Acres Improvement Association, Inc.

Venice Acres Improvement 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: Denise majka Email: Denise@argusvenice.com FINANCIAL STATEMENTS FOR THE PERIOD ENDING April 30, 2015 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 2015 Budget vs. YTD Income/Expense Page 6 2015 Budget vs. Monthly YTD Income/Expense Page 7 Transaction Ledger by Account for the Month Page 8-12 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: May 26, 2015 ~unaudited~

Balance Sheet As of April 30, 2015 ASSETS Current Assets Operating/Reserve 1010.00 Operating Account(s) 65,466.47 1020.00 Reserve Account(s) 128,935.94 Total Operating/Reserve 194,402.41 Accounts Receivable 1040.00 Assessment Receivable 13,436.71 Total Accounts Receivable 13,436.71 Other Current Assets 1060.00 Allowance for Doubtful Accounts (11,867.31) Total Other Current Assets (11,867.31) Total Current Assets 195,971.81 TOTAL ASSETS 195,971.81 LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities 3031.00 Deferred Assessments 20,051.32 Total Other Current Liabilities 20,051.32 Total Current Liabilities 20,051.32 Long Term Liabilities 3500.00 Reserve Fund 128,935.94 Total Long Term Liabilities 128,935.94 Total Liabilities 148,987.26 Equity 3900.00 Retained Earnings 38,045.84 Net Income 8,938.71 Total Equity 46,984.55 TOTAL LIABILITIES & EQUITY 195,971.81 Prepared By: Argus Management of Venice, Inc. Page 1

Accounts Receivable Summary As of April 30, 2015 OWED PREPAID Appley, Jessica 160 * SVW 6,623.34 Carfield, James & Melissa 59 (8.11) Carpenter, Byron & Edna 134 * SVW 895.96 Federal National Mortgage Assn (142) 622.02 Gray, Steve & Debra 109 * SVW 660.54 Jacob, Coy G (1310) 345.41 Kenny, Lawrence P & Annette 32 0.98 King, Bruce & Alyson (16.01) Marman, Lillian 14 * SVW 3,932.53 Rothaar, Marcia & Kim 18 (0.25) Villa, Paul J & Anne E 10 345.41 Young, Robert & Katina 66 34.89 TOTAL 13,461.08 (24.37) 1040.00 - ACCOUNTS RECEIVABLE $13,436.71 Prepared By: Argus Management of Venice, Inc. Page 2

Reserve Report January through April 2015 3500.00 Reserve Fund 3501.00 Concrete/Walkways 3501.01 Beg Bal - Concrete Walkways 925.00 3501.02 Allocation - Concrete/Walkways 1,297.00 Total 3501.00 Concrete/Walkways 2,222.00 3502.00 Ditch Maintenance 3502.01 Beg Bal - Ditch Maintenance 34,558.21 3502.02 Allocation - Ditch Maintenance 1,787.00 Total 3502.00 Ditch Maintenance 36,345.21 3503.00 Pavement/Roads 3503.01 Beg Bal - Pavement/Roads 59,757.91 3503.02 Allocation - Pavement/Roads 13,219.00 Total 3503.00 Pavement/Roads 72,976.91 3504.00 Legal 3504.01 Beg Bal - Legal 15,126.04 Total 3504.00 Legal 15,126.04 3599.00 Reserve Interest 3599.01 Beg. Bal. - Interest 2,208.17 3599.02 Earned YTD - Interest 57.61 Total 3599.00 Reserve Interest 2,265.78 Total 3500.00 Reserve Fund 128,935.94 TOTAL 128,935.94 Prepared By: Argus Management of Venice, Inc. Page 3

Month Budget vs. Month Income/Expenses Apr '15 Apr '15 Remaining Remaining Inc / Exp Budget Budget % Income 5010.00 Assessments 2,506.42 2,506.42 0.00 0.0% 5040.00 Late Fees (29.70) 0.00 29.70 100.0% 5040.01 Late Fee Interest (12.23) 0.00 12.23 100.0% 5041.00 Legal Fees 0.00 0.00 0.00 0.0% 5042.00 Miscellaneous (6.48) 0.00 6.48 100.0% 5050.00 Interest Income 2.37 0.00 (2.37) 100.0% 5090.01 Previous Years Carryover 0.00 0.00 0.00 0.0% Total Income 2,460.38 2,506.42 46.04 1.84% Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 300.00 300.00 0.00 0.0% 7110.01 Lawn & Ground Supplies 0.00 250.00 250.00 100.0% 7150.00 Sprinkler/Irrigation Contract 0.00 100.00 100.00 100.0% Total 7100.00 Grounds 300.00 650.00 350.00 53.85% 7200.00 Property Maintenance 7210.00 Repairs & Maintenance 0.00 300.00 300.00 100.0% Total 7200.00 Property Maintenance 0.00 300.00 300.00 100.0% 7500.00 Utilities 7520.00 Electric 41.41 40.93 (0.48) (1.17%) Total 7500.00 Utilities 41.41 40.93 (0.48) (1.17%) 7800.00 Administration 7810.00 Insurance - Property 0.00 0.00 0.00 0.0% 7820.00 Legal/Professional 185.25 524.08 338.83 64.65% 7820.01 Document Revisions 0.00 83.33 83.33 100.0% 7825.00 Accounting Services 0.00 0.00 0.00 0.0% 7835.00 Fees, Dues, License 61.25 0.00 (61.25) 100.0% 7870.00 Management Fee 682.50 682.50 0.00 0.0% 7870.01 Meeting Expense 50.00 50.00 0.00 0.0% 7880.01 Administrative 0.00 41.67 41.67 100.0% 7880.02 Copies 61.97 75.00 13.03 17.37% 7880.04 Postage 5.80 166.67 160.87 96.52% Total 7800.00 Administration 1,046.77 1,623.25 576.48 35.51% Total 7000.00 Disbursements 1,388.18 2,614.18 1,226.00 46.9% Total Expense 1,388.18 2,614.18 Net Income 1,072.20 (107.76) Prepared By: Argus Management of Venice, Inc. Page 4

YTD Budget vs. YTD Income/Expenses Jan - Apr '15 Jan - Apr '15 Remaining Remaining Inc / Exp Budget Budget % Income 5010.00 Assessments 10,025.68 10,025.68 0.00 0.0% 5040.00 Late Fees 537.95 0.00 (537.95) 100.0% 5040.01 Late Fee Interest 588.71 0.00 (588.71) 100.0% 5041.00 Legal Fees 422.70 0.00 (422.70) 100.0% 5042.00 Miscellaneous 19.44 0.00 (19.44) 100.0% 5050.00 Interest Income 10.38 0.00 (10.38) 100.0% 5090.01 Previous Years Carryover 5,000.00 5,000.00 0.00 0.0% Total Income 16,604.86 15,025.68 (1,579.18) (10.51%) Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 1,200.00 1,200.00 0.00 0.0% 7110.01 Lawn & Ground Supplies 0.00 1,000.00 1,000.00 100.0% 7150.00 Sprinkler/Irrigation Contract 245.76 400.00 154.24 38.56% Total 7100.00 Grounds 1,445.76 2,600.00 1,154.24 44.39% 7200.00 Property Maintenance 7210.00 Repairs & Maintenance 662.63 1,200.00 537.37 44.78% Total 7200.00 Property Maintenance 662.63 1,200.00 537.37 44.78% 7500.00 Utilities 7520.00 Electric 244.90 168.23 (76.67) (45.58%) Total 7500.00 Utilities 244.90 168.23 (76.67) (45.58%) 7800.00 Administration 7810.00 Insurance - Property 0.00 0.00 0.00 0.0% 7820.00 Legal/Professional 185.25 2,096.32 1,911.07 91.16% 7820.01 Document Revisions 0.00 333.32 333.32 100.0% 7825.00 Accounting Services 1,800.00 2,000.00 200.00 10.0% 7835.00 Fees, Dues, License 122.50 61.00 (61.50) (100.82%) 7870.00 Management Fee 2,730.00 2,730.00 0.00 0.0% 7870.01 Meeting Expense 200.00 200.00 0.00 0.0% 7880.01 Administrative 35.00 166.68 131.68 79.0% 7880.02 Copies 159.68 300.00 140.32 46.77% 7880.04 Postage 80.43 666.68 586.25 87.94% Total 7800.00 Administration 5,312.86 8,554.00 3,241.14 37.89% Total 7000.00 Disbursements 7,666.15 12,522.23 4,856.08 38.78% Total Expense 7,666.15 12,522.23 Net Income 8,938.71 2,503.45 Prepared By: Argus Management of Venice, Inc. Page 5

2015 Budget vs. YTD Income/Expenses Jan - Apr '15 2015 Remaining Remaining Inc / Exp Budget Budget % Income 5010.00 Assessments 10,025.68 30,077.00 20,051.32 66.67% 5040.00 Late Fees 537.95 0.00 (537.95) 100.0% 5040.01 Late Fee Interest 588.71 0.00 (588.71) 100.0% 5041.00 Legal Fees 422.70 0.00 (422.70) 100.0% 5042.00 Miscellaneous 19.44 0.00 (19.44) 100.0% 5050.00 Interest Income 10.38 0.00 (10.38) 100.0% 5090.01 Previous Years Carryover 5,000.00 5,000.00 0.00 0.0% Total Income 16,604.86 35,077.00 18,472.14 52.66% Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 1,200.00 3,600.00 2,400.00 66.67% 7110.01 Lawn & Ground Supplies 0.00 3,000.00 3,000.00 100.0% 7150.00 Sprinkler/Irrigation Contract 245.76 1,200.00 954.24 79.52% Total 7100.00 Grounds 1,445.76 7,800.00 6,354.24 81.47% 7200.00 Property Maintenance 7210.00 Repairs & Maintenance 662.63 3,600.00 2,937.37 81.59% Total 7200.00 Property Maintenance 662.63 3,600.00 2,937.37 81.59% 7500.00 Utilities 7520.00 Electric 244.90 507.00 262.10 51.7% Total 7500.00 Utilities 244.90 507.00 262.10 51.7% 7800.00 Administration 7810.00 Insurance - Property 0.00 1,480.00 1,480.00 100.0% 7820.00 Legal/Professional 185.25 6,289.00 6,103.75 97.05% 7820.01 Document Revisions 0.00 1,000.00 1,000.00 100.0% 7825.00 Accounting Services 1,800.00 2,000.00 200.00 10.0% 7835.00 Fees, Dues, License 122.50 61.00 (61.50) (100.82%) 7870.00 Management Fee 2,730.00 8,190.00 5,460.00 66.67% 7870.01 Meeting Expense 200.00 750.00 550.00 73.33% 7880.01 Administrative 35.00 500.00 465.00 93.0% 7880.02 Copies 159.68 900.00 740.32 82.26% 7880.04 Postage 80.43 2,000.00 1,919.57 95.98% Total 7800.00 Administration 5,312.86 23,170.00 17,857.14 77.07% Total 7000.00 Disbursements 7,666.15 35,077.00 27,410.85 78.15% Total Expense 7,666.15 35,077.00 Net Income 8,938.71 0.00 Prepared By: Argus Management of Venice, Inc. Page 6

2015 Budget vs. Monthly YTD Income/Expenses Income / Expense YTD 2015 Remaining Remaining Jan '15 Feb '15 Mar '15 Apr '15 Inc / Exp Budget Budget % Income 5010.00 Assessments 2,506.42 2,506.42 2,506.42 2,506.42 10,025.68 30,077.00 20,051.32 66.67% 5040.00 Late Fees 89.10 478.55 0.00 (29.70) 537.95 0.00 (537.95) 100.0% 5040.01 Late Fee Interest 312.15 105.14 183.65 (12.23) 588.71 0.00 (588.71) 100.0% 5041.00 Legal Fees 422.70 0.00 0.00 0.00 422.70 0.00 (422.70) 100.0% 5042.00 Miscellaneous 0.00 0.00 25.92 (6.48) 19.44 0.00 (19.44) 100.0% 5050.00 Interest Income 2.42 2.63 2.96 2.37 10.38 0.00 (10.38) 100.0% 5090.01 Previous Years Carryover 5,000.00 0.00 0.00 0.00 5,000.00 5,000.00 0.00 0.0% Total Income 8,332.79 3,092.74 2,718.95 2,460.38 16,604.86 35,077.00 18,472.14 52.66% Expense 7000.00 Disbursements 7100.00 Grounds 7110.00 Grounds Contract 300.00 300.00 300.00 300.00 1,200.00 3,600.00 2,400.00 66.67% 7110.01 Lawn & Ground Supplies 0.00 0.00 0.00 0.00 0.00 3,000.00 3,000.00 100.0% 7150.00 Sprinkler/Irrigation Contract 12.40 233.36 0.00 0.00 245.76 1,200.00 954.24 79.52% Total 7100.00 Grounds 312.40 533.36 300.00 300.00 1,445.76 7,800.00 6,354.24 81.47% 7200.00 Property Maintenance 7210.00 Repairs & Maintenance 12.63 0.00 650.00 0.00 662.63 3,600.00 2,937.37 81.59% Total 7200.00 Property Maintenance 12.63 0.00 650.00 0.00 662.63 3,600.00 2,937.37 81.59% 7500.00 Utilities 7520.00 Electric 108.04 55.58 39.87 41.41 244.90 507.00 262.10 51.7% Total 7500.00 Utilities 108.04 55.58 39.87 41.41 244.90 507.00 262.10 51.7% 7800.00 Administration 7810.00 Insurance - Property 0.00 0.00 0.00 0.00 0.00 1,480.00 1,480.00 100.0% 7820.00 Legal/Professional 0.00 0.00 0.00 185.25 185.25 6,289.00 6,103.75 97.05% 7820.01 Document Revisions 0.00 0.00 0.00 0.00 0.00 1,000.00 1,000.00 100.0% 7825.00 Accounting Services 0.00 1,800.00 0.00 0.00 1,800.00 2,000.00 200.00 10.0% 7835.00 Fees, Dues, License 61.25 0.00 0.00 61.25 122.50 61.00 (61.50) (100.82%) 7870.00 Management Fee 682.50 682.50 682.50 682.50 2,730.00 8,190.00 5,460.00 66.67% 7870.01 Meeting Expense 50.00 50.00 50.00 50.00 200.00 750.00 550.00 73.33% 7880.01 Administrative 35.00 0.00 0.00 0.00 35.00 500.00 465.00 93.0% 7880.02 Copies 0.00 41.80 55.91 61.97 159.68 900.00 740.32 82.26% 7880.04 Postage 0.00 64.19 10.44 5.80 80.43 2,000.00 1,919.57 95.98% Total 7800.00 Administration 828.75 2,638.49 798.85 1,046.77 5,312.86 23,170.00 17,857.14 77.07% Total 7000.00 Disbursements 1,261.82 3,227.43 1,788.72 1,388.18 7,666.15 35,077.00 27,410.85 78.15% Total Expense 1,261.82 3,227.43 1,788.72 1,388.18 7,666.15 35,077.00 Net Income 7,070.97 (134.69) 930.23 1,072.20 8,938.71 0.00 Prepared By: Argus Management of Venice, Inc. Page 7

Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance 1010.00 Operating Account(s) 60,219.31 1011.00 Checking; BB&T 60,219.31 Check 04/01/2015 3384 Argus Management of Venice April Management (717.10) 59,502.21 Check 04/01/2015 3385 Church of Nazarene Donation - April Board Meeting (50.00) 59,452.21 Deposit 04/02/2015 Deposit~ 353.99 59,806.20 Check 04/07/2015 EBT FP & L (02/25/15-03/27/15) (41.41) 59,764.79 Deposit 04/09/2015 Deposit~ 5,219.40 64,984.19 Deposit 04/27/2015 Deposit~ 1,059.58 66,043.77 Check 04/29/2015 3386 Venice Print Center inv 43242 (33.17) 66,010.60 Check 04/29/2015 3387 Argus Management of Venice Reimbursement - Annual Report Filed (61.25) 65,949.35 Check 04/29/2015 3388 Natural Designs Landscaping April Monthly - inv 80243 (300.00) 65,649.35 Check 04/29/2015 3389 Sharon VanderWulp, PA Inv 11944 - Cremisio (71.25) 65,578.10 Check 04/29/2015 3390 Sharon VanderWulp, PA Inv 11945 - Wood (57.00) 65,521.10 Check 04/29/2015 3391 Sharon VanderWulp, PA Inv 11943 - Bellinder (57.00) 65,464.10 Deposit 04/30/2015 interest earned 2.37 65,466.47 Total 1011.00 Checking; BB&T 5,247.16 65,466.47 Total 1010.00 Operating Account(s) 5,247.16 65,466.47 1020.00 Reserve Account(s) 128,920.04 1021.00 M/M; BB&T 128,920.04 Deposit 04/30/2015 interest earned 15.90 128,935.94 Total 1021.00 M/M; BB&T 15.90 128,935.94 Total 1020.00 Reserve Account(s) 15.90 128,935.94 1040.00 Assessment Receivable 17,148.13 Payment 04/02/2015 467 Watson/Jordan 102 2015 Annnual Fee + Late Fee (345.41) 16,802.72 Stmt Charge 04/02/2015 Malloy, Christine 13 Interest on Past Due Assessment - 18% Per Annum March 26 - April 2, 2015 0.77 16,803.49 Payment 04/02/2015 3184 Malloy, Christine 13 2015 Annual Maintenance Fee (297.00) 16,506.49 Stmt Charge 04/08/2015 Malloy, Christine 13 Late Fee - Reversed Per Board of Directors (FMM) (29.70) 16,476.79 Stmt Charge 04/08/2015 Malloy, Christine 13 Interest on Past Due Assessment - Reversed Per Board of Directors (FMM) (13.00) 16,463.79 Stmt Charge 04/08/2015 Malloy, Christine 13 Certified Mail - Reversed Per Board of Directors (FMM) (6.48) 16,457.31 Payment 04/16/2015 313468 Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage (1,059.58) 15,397.73 Stmt Charge 04/16/2015 Litzler, Jeffrey 151 * Vengroff Write Off Balance - Funds Received from Closing (1,961.02) 13,436.71 Total 1040.00 Assessment Receivable (3,711.42) 13,436.71 1060.00 Allowance for Doubtful Accounts (13,828.33) Stmt Charge 04/16/2015 Litzler, Jeffrey 151 * Vengroff Write Off Balance - Funds Received from Closing 1,961.02 (11,867.31) Total 1060.00 Allowance for Doubtful Accounts 1,961.02 (11,867.31) 1499.00 Payments Posted Pending Deposit 4,930.98 Prepared By: Argus Management of Venice, Inc. Page 8

Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Payment 04/02/2015 467 Watson/Jordan 102 2015 Annnual Fee + Late Fee 345.41 5,276.39 Payment 04/02/2015 3184 Malloy, Christine 13 2015 Annual Maintenance Fee 297.00 5,573.39 Deposit 04/02/2015 1159 Conkle, Joseph 6 2015 Annual Maintenance + Late Fee & Interest (335.99) 5,237.40 Deposit 04/02/2015 1089 Schneider, Edna 124 2015 Annual Maintenance Fee (Balance Due) (18.00) 5,219.40 Deposit 04/09/2015 228085 Cremisio, Denis 53 * SVW settlement agreed amount between BOD and buyers (2,350.00) 2,869.40 Deposit 04/09/2015 722 Wilson, Keith & Gayle 110 2015 Annual Maintenance Fee + Late Fee & Interest (335.99) 2,533.41 Deposit 04/09/2015 110380 Eggleston, Alison & Michael collected @ Closing (1,891.00) 642.41 Deposit 04/09/2015 467 Watson/Jordan 102 2015 Annnual Fee + Late Fee (345.41) 297.00 Deposit 04/09/2015 3184 Malloy, Christine 13 2015 Annual Maintenance Fee (297.00) Payment 04/16/2015 313468 Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage 1,059.58 1,059.58 Deposit 04/27/2015 313468 Litzler, Jeffrey 151 * Vengroff final payoff amount 1% original mortgage (1,059.58) Total 1499.00 Payments Posted Pending Deposit (4,930.98) 3031.00 Deferred Assessments (22,557.74) General Journal 04/02/2015 2015 Mthly op alloc 2,506.42 (20,051.32) Total 3031.00 Deferred Assessments 2,506.42 (20,051.32) 3500.00 Reserve Fund (128,920.04) 3501.00 Concrete/Walkways (2,222.00) 3501.01 Beg Bal - Concrete Walkways (925.00) Total 3501.01 Beg Bal - Concrete Walkways (925.00) 3501.02 Allocation - Concrete/Walkways (1,297.00) Total 3501.02 Allocation - Concrete/Walkways (1,297.00) Total 3501.00 Concrete/Walkways (2,222.00) 3502.00 Ditch Maintenance (36,345.21) 3502.01 Beg Bal - Ditch Maintenance (34,558.21) Total 3502.01 Beg Bal - Ditch Maintenance (34,558.21) 3502.02 Allocation - Ditch Maintenance (1,787.00) Total 3502.02 Allocation - Ditch Maintenance (1,787.00) Total 3502.00 Ditch Maintenance (36,345.21) 3503.00 Pavement/Roads (72,976.91) 3503.01 Beg Bal - Pavement/Roads (59,757.91) Total 3503.01 Beg Bal - Pavement/Roads (59,757.91) Prepared By: Argus Management of Venice, Inc. Page 9

Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance 3503.02 Allocation - Pavement/Roads (13,219.00) Total 3503.02 Allocation - Pavement/Roads (13,219.00) Total 3503.00 Pavement/Roads (72,976.91) 3504.00 Legal (15,126.04) 3504.01 Beg Bal - Legal (15,126.04) Total 3504.01 Beg Bal - Legal (15,126.04) Total 3504.00 Legal (15,126.04) 3599.00 Reserve Interest (2,249.88) 3599.01 Beg. Bal. - Interest (2,208.17) Total 3599.01 Beg. Bal. - Interest (2,208.17) 3599.02 Earned YTD - Interest (41.71) Deposit 04/30/2015 interest earned (15.90) (57.61) Total 3599.02 Earned YTD - Interest (15.90) (57.61) Total 3599.00 Reserve Interest (15.90) (2,265.78) Total 3500.00 Reserve Fund (15.90) (128,935.94) 3900.00 Retained Earnings (38,045.84) Total 3900.00 Retained Earnings (38,045.84) 3991.01 xx-acct rec Total 3991.01 xx-acct rec 5010.00 Assessments (7,519.26) General Journal 04/02/2015 2015 Mthly op alloc (2,506.42) (10,025.68) Total 5010.00 Assessments (2,506.42) (10,025.68) 5040.00 Late Fees (567.65) Stmt Charge 04/08/2015 Malloy, Christine 13 Late Fee - Reversed Per Board of Directors (FMM) 29.70 (537.95) Total 5040.00 Late Fees 29.70 (537.95) 5040.01 Late Fee Interest (600.94) Stmt Charge 04/02/2015 Malloy, Christine 13 Interest on Past Due Assessment - 18% Per Annum March 26 - April 2, 2015 (0.77) (601.71) Prepared By: Argus Management of Venice, Inc. Page 10

Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Stmt Charge 04/08/2015 Malloy, Christine 13 Interest on Past Due Assessment - Reversed Per Board of Directors (FMM) 13.00 (588.71) Total 5040.01 Late Fee Interest 12.23 (588.71) 5041.00 Legal Fees (422.70) Total 5041.00 Legal Fees (422.70) 5042.00 Miscellaneous (25.92) Stmt Charge 04/08/2015 Malloy, Christine 13 Certified Mail - Reversed Per Board of Directors (FMM) 6.48 (19.44) Total 5042.00 Miscellaneous 6.48 (19.44) 5050.00 Interest Income (8.01) Deposit 04/30/2015 interest earned (2.37) (10.38) Total 5050.00 Interest Income (2.37) (10.38) 5090.01 Previous Years Carryover (5,000.00) Total 5090.01 Previous Years Carryover (5,000.00) 7000.00 Disbursements 6,277.97 7100.00 Grounds 1,145.76 7110.00 Grounds Contract 900.00 Check 04/29/2015 3388 Natural Designs Landscaping April Monthly Lawn - inv 80243 300.00 1,200.00 Total 7110.00 Grounds Contract 300.00 1,200.00 7150.00 Sprinkler/Irrigation Contract 245.76 Total 7150.00 Sprinkler/Irrigation Contract 245.76 Total 7100.00 Grounds 300.00 1,445.76 7200.00 Property Maintenance 662.63 7210.00 Repairs & Maintenance 662.63 Total 7210.00 Repairs & Maintenance 662.63 Total 7200.00 Property Maintenance 662.63 7500.00 Utilities 203.49 7520.00 Electric 203.49 Check 04/07/2015 EBT FP & L 39466-40392 - Hermitage Blvd - Ent Light (02/25/15-03/27/15) 23.45 226.94 Check 04/07/2015 EBT FP & L 39456-42365 - Hermitage Blvd Ent Light 17.96 244.90 Total 7520.00 Electric 41.41 244.90 Prepared By: Argus Management of Venice, Inc. Page 11

Transaction Ledger by Account As of April 30, 2015 Type Date Num Name Memo Amount Balance Total 7500.00 Utilities 41.41 244.90 7800.00 Administration 4,266.09 7820.00 Legal/Professional Check 04/29/2015 3389 Sharon VanderWulp, PA 03/20 - calls/emails Kesgiropoulos / offering settlement for Assocition - regarding shortsale 71.25 71.25 Check 04/29/2015 3390 Sharon VanderWulp, PA 03/11 - review case guiding assoc / amounts allowed to collect for estoppel prepairing for certi... 57.00 128.25 Check 04/29/2015 3391 Sharon VanderWulp, PA 03/11 - case guiding association amounts they are allowed to collect for preparing certificate o... 57.00 185.25 Total 7820.00 Legal/Professional 185.25 185.25 7825.00 Accounting Services 1,800.00 Total 7825.00 Accounting Services 1,800.00 7835.00 Fees, Dues, License 61.25 Check 04/29/2015 3387 Argus Management of Venice re-filed 2015 annual report - reimbursement 61.25 122.50 Total 7835.00 Fees, Dues, License 61.25 122.50 7870.00 Management Fee 2,047.50 Check 04/01/2015 3384 Argus Management of Venice April Management 682.50 2,730.00 Total 7870.00 Management Fee 682.50 2,730.00 7870.01 Meeting Expense 150.00 Check 04/01/2015 3385 Church of Nazarene Donation - April Board Meeting 50.00 200.00 Total 7870.01 Meeting Expense 50.00 200.00 7880.01 Administrative 35.00 Total 7880.01 Administrative 35.00 7880.02 Copies 97.71 Check 04/01/2015 3384 Argus Management of Venice March Administrative 28.80 126.51 Check 04/29/2015 3386 Venice Print Center Venice Acres copies - inv 43242 33.17 159.68 Total 7880.02 Copies 61.97 159.68 7880.04 Postage 74.63 Check 04/01/2015 3384 Argus Management of Venice March Postage 5.80 80.43 Total 7880.04 Postage 5.80 80.43 Total 7800.00 Administration 1,046.77 5,312.86 Total 7000.00 Disbursements 1,388.18 7,666.15 Prepared By: Argus Management of Venice, Inc. Page 12