Lyons Cove Condominium Association, Inc.

Lyons Cove Condominium 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: Kathambi Jones Email: Kathambi@argusvenice.com FINANCIAL STATEMENTS FOR THE PERIOD ENDING March 31, 2014 Reports Included: Balance Sheet Page 1 Accounts Receivable Summary Page 2 Month Budget vs. Month Income/Expense Page 3 YTD Budget vs. YTD Income/Expense Page 4 2014 Budget vs. YTD Income/Expense Page 5 2014 Budget vs. Monthly YTD Income/Expense Page 6 Transaction Detail Report for the Month Page 7-12 Bank Statements / Reconcile Prepared by: Argus Management of Venice, Inc. FINANCIAL DIVISION Completed: April 16, 2014 ~unaudited~

Balance Sheet As of March 31, 2014 ASSETS Current Assets Operating/Reserve 1010.00 Cash - Operating 1013.01 Checking; BB&T 5,657.62 Total 1010.00 Cash - Operating 5,657.62 1020.00 Reserve 1022.01 M/M; B&T 24,984.63 Total 1020.00 Reserve 24,984.63 Total Operating/Reserve 30,642.25 Accounts Receivable 1200.00 Accounts Receivable -5,840.00 Total Accounts Receivable -5,840.00 Other Current Assets 1499.00 Posted Payments Pending Deposit 1,160.00 Total Other Current Assets 1,160.00 Total Current Assets 25,962.25 TOTAL ASSETS 25,962.25 LIABILITIES & EQUITY Equity 3410.00 Special Assessment - Insurance 3410.02 Allocation - Special Assess Ins 23,242.39 3410.03 Expense - Special Asses Ins -33,161.11 Total 3410.00 Special Assessment - Insurance -9,918.72 3500.00 Reserves 3510.00 General Reserves 3510.01 Beg Bal - General Reserves 23,705.09 3510.02 Allocation Qtr General Reserves 1,760.00 3510.03 Expense General Reserve -850.00 Total 3510.00 General Reserves 24,615.09 3599.00 Interest Reserve 3599.01 Beg. Bal. Interest Earned Res. 360.21 3599.02 Allocation Interest Earned Res. 9.33 Total 3599.00 Interest Reserve 369.54 Total 3500.00 Reserves 24,984.63 3900.00 Retained Earnings 6,368.44 Net Income 4,527.90 Total Equity 25,962.25 TOTAL LIABILITIES & EQUITY 25,962.25 Prepared by: Argus Management of Venice, Inc. Page 1

Lyons Cove Condominium Association, Inc. Accounts Receivable Summary As of March 31, 2014 OWED PREPAID 07-Korp -1,160.00 08-Preston -1,160.00 10-Karnik -15.00 11-Knight -1,185.00 13-Bowser -1,160.00 16-Hill -1,160.00 TOTAL 0.00-5,840.00 1200.00 ACCOUNTS RECEIVABLE -$5,840.00 Prepared by: Argus Management of Venice, Inc. Page 2

Month Budget vs. Month Income/Expenses Mar '14 Mar '14 - Under Budget Inc / Exp Budget Over Budget Income 5000.00 INCOME 5010.00 Maintenance Fee 5,600.00 5,600.00 0.00 5040.00 Miscellaneous Income 0.00 0.00 0.00 5040.01 Late Fees & Owner Interest 0.00 0.00 0.00 5050.00 Interest Income 0.24 0.00 0.24 Total 5000.00 INCOME 5,600.24 5,600.00 0.24 Total Income 5,600.24 5,600.00 0.24 Expense 7100.00 GROUNDS 7110.00 Lawn Maintenance 595.00 624.75-29.75 7125.00 Fert/Insecticide 181.00 181.00 0.00 7126.00 Pest Control 0.00 0.00 0.00 7130.00 Other Grounds 0.00 41.67-41.67 7150.00 Irrigation 0.00 41.67-41.67 7189.00 Special Projects 0.00 41.67-41.67 Total 7100.00 GROUNDS 776.00 930.76-154.76 7200.00 CONDO MAINTENANCE 7210.00 Building Maintenance 0.00 173.25-173.25 Total 7200.00 CONDO MAINTENANCE 0.00 173.25-173.25 7300.00 POOL SERVICES 7310.00 Pool Maint Contract 231.00 231.00 0.00 7325.00 Pool Supplies 123.87 75.00 48.87 Total 7300.00 POOL SERVICES 354.87 306.00 48.87 7500.00 UTILITIES 7510.00 Water 841.19 757.46 83.73 7520.00 Electric 475.05 472.39 2.66 Total 7500.00 UTILITIES 1,316.24 1,229.85 86.39 7700.00 SEWER PLANT 7722.00 Loan Payable 390.04 390.08-0.04 Total 7700.00 SEWER PLANT 390.04 390.08-0.04 7800.00 ADMINISTRATIVE 7810.00 Insurance 0.00 0.00 0.00 7820.00 Legal/Acctng Fees 0.00 350.00-350.00 7835.00 Dues & Fees 61.25 62.00-0.75 7870.00 Management Services 534.00 534.00 0.00 7880.00 Copies & Postage 65.30 75.00-9.70 Total 7800.00 ADMINISTRATIVE 660.55 1,021.00-360.45 Total Expense 3,497.70 4,050.94-553.24 Net Income 2,102.54 1,549.06 553.48 Prepared by: Argus Management of Venice, Inc. Page 3

YTD Budget vs. YTD Income/Expenses Jan - Mar '14 Jan - Mar '14 - Under Budget Inc / Exp Budget Over Budget Income 5000.00 INCOME 5010.00 Maintenance Fee 16,800.00 16,800.00 0.00 5040.00 Miscellaneous Income 0.00 0.00 0.00 5040.01 Late Fees & Owner Interest 0.00 0.00 0.00 5050.00 Interest Income 2.39 0.00 2.39 Total 5000.00 INCOME 16,802.39 16,800.00 2.39 Total Income 16,802.39 16,800.00 2.39 Expense 7100.00 GROUNDS 7110.00 Lawn Maintenance 1,785.00 1,874.25-89.25 7125.00 Fert/Insecticide 362.00 362.00 0.00 7126.00 Pest Control 178.00 178.00 0.00 7130.00 Other Grounds 800.45 125.01 675.44 7150.00 Irrigation 30.00 125.01-95.01 7189.00 Special Projects 0.00 125.01-125.01 Total 7100.00 GROUNDS 3,155.45 2,789.28 366.17 7200.00 CONDO MAINTENANCE 7210.00 Building Maintenance 620.37 519.75 100.62 Total 7200.00 CONDO MAINTENANCE 620.37 519.75 100.62 7300.00 POOL SERVICES 7310.00 Pool Maint Contract 693.00 693.00 0.00 7325.00 Pool Supplies 916.91 225.00 691.91 Total 7300.00 POOL SERVICES 1,609.91 918.00 691.91 7500.00 UTILITIES 7510.00 Water 2,045.80 2,089.55-43.75 7520.00 Electric 1,693.57 1,568.97 124.60 Total 7500.00 UTILITIES 3,739.37 3,658.52 80.85 7700.00 SEWER PLANT 7722.00 Loan Payable 1,170.12 1,170.24-0.12 Total 7700.00 SEWER PLANT 1,170.12 1,170.24-0.12 7800.00 ADMINISTRATIVE 7810.00 Insurance 0.00 0.00 0.00 7820.00 Legal/Acctng Fees 45.50 350.00-304.50 7835.00 Dues & Fees 125.25 126.00-0.75 7870.00 Management Services 1,602.00 1,602.00 0.00 7880.00 Copies & Postage 206.52 225.00-18.48 Total 7800.00 ADMINISTRATIVE 1,979.27 2,303.00-323.73 Total Expense 12,274.49 11,358.79 915.70 Net Income 4,527.90 5,441.21-913.31 Prepared by: Argus Management of Venice, Inc. Page 4

2014 Budget vs. YTD Income/Expenses Jan - Mar '14 2014 - Under Budget Inc / Exp Budget Over Budget Income 5000.00 INCOME 5010.00 Maintenance Fee 16,800.00 67,200.00-50,400.00 5040.00 Miscellaneous Income 0.00 0.00 0.00 5040.01 Late Fees & Owner Interest 0.00 0.00 0.00 5050.00 Interest Income 2.39 0.00 2.39 Total 5000.00 INCOME 16,802.39 67,200.00-50,397.61 Total Income 16,802.39 67,200.00-50,397.61 Expense 7100.00 GROUNDS 7110.00 Lawn Maintenance 1,785.00 7,497.00-5,712.00 7125.00 Fert/Insecticide 362.00 1,448.00-1,086.00 7126.00 Pest Control 178.00 712.00-534.00 7130.00 Other Grounds 800.45 500.00 300.45 7150.00 Irrigation 30.00 500.00-470.00 7189.00 Special Projects 0.00 500.00-500.00 Total 7100.00 GROUNDS 3,155.45 11,157.00-8,001.55 7200.00 CONDO MAINTENANCE 7210.00 Building Maintenance 620.37 2,079.00-1,458.63 Total 7200.00 CONDO MAINTENANCE 620.37 2,079.00-1,458.63 7300.00 POOL SERVICES 7310.00 Pool Maint Contract 693.00 2,772.00-2,079.00 7325.00 Pool Supplies 916.91 900.00 16.91 Total 7300.00 POOL SERVICES 1,609.91 3,672.00-2,062.09 7500.00 UTILITIES 7510.00 Water 2,045.80 7,264.00-5,218.20 7520.00 Electric 1,693.57 4,189.00-2,495.43 Total 7500.00 UTILITIES 3,739.37 11,453.00-7,713.63 7700.00 SEWER PLANT 7722.00 Loan Payable 1,170.12 4,681.00-3,510.88 Total 7700.00 SEWER PLANT 1,170.12 4,681.00-3,510.88 7800.00 ADMINISTRATIVE 7810.00 Insurance 0.00 26,000.00-26,000.00 7820.00 Legal/Acctng Fees 45.50 350.00-304.50 7835.00 Dues & Fees 125.25 500.00-374.75 7870.00 Management Services 1,602.00 6,408.00-4,806.00 7880.00 Copies & Postage 206.52 900.00-693.48 Total 7800.00 ADMINISTRATIVE 1,979.27 34,158.00-32,178.73 Total Expense 12,274.49 67,200.00-54,925.51 Net Income 4,527.90 0.00 4,527.90 Prepared by: Argus Management of Venice, Inc. Page 5

2014 Budget vs. Monthly YTD Income/Expenses Inc / Exp YTD 2014 Remaining Remaining Jan '14 Feb '14 Mar '14 Inc / Exp Budget Budget Percentage Income 5000.00 INCOME 5010.00 Maintenance Fee 5,600.00 5,600.00 5,600.00 16,800.00 67,200.00 50,400.00 75.00% 5040.00 Miscellaneous Income 0.00 0.00 0.00 0.00 0.00 0.00 0.00% 5040.01 Late Fees & Owner Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00% 5050.00 Interest Income 1.19 0.96 0.24 2.39 0.00-2.39 100.00% Total 5000.00 INCOME 5,601.19 5,600.96 5,600.24 16,802.39 67,200.00 50,397.61 75.00% Total Income 5,601.19 5,600.96 5,600.24 16,802.39 67,200.00 50,397.61 75.00% Expense 7100.00 GROUNDS 7110.00 Lawn Maintenance 595.00 595.00 595.00 1,785.00 7,497.00 5,712.00 76.19% 7125.00 Fert/Insecticide 181.00 0.00 181.00 362.00 1,448.00 1,086.00 75.00% 7126.00 Pest Control 178.00 0.00 0.00 178.00 712.00 534.00 75.00% 7130.00 Other Grounds 0.00 800.45 0.00 800.45 500.00-300.45-60.09% 7150.00 Irrigation 0.00 30.00 0.00 30.00 500.00 470.00 94.00% 7189.00 Special Projects 0.00 0.00 0.00 0.00 500.00 500.00 100.00% Total 7100.00 GROUNDS 954.00 1,425.45 776.00 3,155.45 11,157.00 8,001.55 71.72% 7200.00 CONDO MAINTENANCE 7210.00 Building Maintenance 612.93 7.44 0.00 620.37 2,079.00 1,458.63 70.16% Total 7200.00 CONDO MAINTENANCE 612.93 7.44 0.00 620.37 2,079.00 1,458.63 70.16% 7300.00 POOL SERVICES 7310.00 Pool Maint Contract 231.00 231.00 231.00 693.00 2,772.00 2,079.00 75.00% 7325.00 Pool Supplies 0.00 793.04 123.87 916.91 900.00-16.91-1.88% Total 7300.00 POOL SERVICES 231.00 1,024.04 354.87 1,609.91 3,672.00 2,062.09 56.16% 7500.00 UTILITIES 7510.00 Water 521.94 682.67 841.19 2,045.80 7,264.00 5,218.20 71.84% 7520.00 Electric 634.20 584.32 475.05 1,693.57 4,189.00 2,495.43 59.57% Total 7500.00 UTILITIES 1,156.14 1,266.99 1,316.24 3,739.37 11,453.00 7,713.63 67.35% 7700.00 SEWER PLANT 7722.00 Loan Payable 390.04 390.04 390.04 1,170.12 4,681.00 3,510.88 75.00% Total 7700.00 SEWER PLANT 390.04 390.04 390.04 1,170.12 4,681.00 3,510.88 75.00% 7800.00 ADMINISTRATIVE 7810.00 Insurance 0.00 0.00 0.00 0.00 26,000.00 26,000.00 100.00% 7820.00 Legal/Acctng Fees 0.00 45.50 0.00 45.50 350.00 304.50 87.00% 7835.00 Dues & Fees 64.00 0.00 61.25 125.25 500.00 374.75 74.95% 7870.00 Management Services 534.00 534.00 534.00 1,602.00 6,408.00 4,806.00 75.00% 7880.00 Copies & Postage 101.03 40.19 65.30 206.52 900.00 693.48 77.05% Total 7800.00 ADMINISTRATIVE 699.03 619.69 660.55 1,979.27 34,158.00 32,178.73 94.21% Total Expense 4,043.14 4,733.65 3,497.70 12,274.49 67,200.00 54,925.51 81.73% Net Income 1,558.05 867.31 2,102.54 4,527.90 0.00 Prepared by: Argus Management of Venice, Inc. Page 6

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance 1010.00 Cash - Operating 2,651.18 1013.01 Checking; BB&T 2,651.18 Check 03/01/2014 398 Argus Management of Venice March Management -571.30 2,079.88 Check 03/10/2014 EBT BB & T 2014 Coupon Book Full Order -28.00 2,051.88 Check 03/11/2014 EBT Sarastoa County Enviromental 117379-626632 - (01/22/14-02/20/14) -841.19 1,210.69 Check 03/13/2014 399 USA Fence Company Deposit for Fence -850.00 360.69 Check 03/15/2014 EBT FPL 37935-49340 (01/31/14-02/28/14) -475.05-114.36 Deposit 03/17/2014 Deposit* 1,160.00 1,045.64 Transfer 03/18/2014 cover res exp chk #399 to USA Fence Company 850.00 1,895.64 Deposit 03/18/2014 Deposit* 2,320.00 4,215.64 Check 03/24/2014 400 Sarastoa County Enviromental / Loan Customer #24841-24841 -390.04 3,825.60 Deposit 03/25/2014 Interest 0.24 3,825.84 Check 03/28/2014 401 Florida Department of State 2014 Annual Report -61.25 3,764.59 Deposit 03/28/2014 Deposit* 2,320.00 6,084.59 Check 03/28/2014 402 Evergreen Lawn Service of SW,FL, Inc. March Lawn Service -595.00 5,489.59 Check 03/28/2014 403 Southwest Pools, Builders & Service Pool service & repairs -354.87 5,134.72 Check 03/28/2014 404 MSA Group Acct CACG34744-481.10 4,653.62 Check 03/28/2014 405 Lawn Care Extraordinaire inv 496269-181.00 4,472.62 Deposit 03/31/2014 Deposit* 1,185.00 5,657.62 Total 1013.01 Checking; BB&T 3,006.44 5,657.62 Total 1010.00 Cash - Operating 3,006.44 5,657.62 1020.00 Reserve 25,831.69 1022.01 M/M; B&T 25,831.69 Transfer 03/18/2014 cover res exp chk #399 to USA Fence Company -850.00 24,981.69 Deposit 03/24/2014 Interest 2.94 24,984.63 Total 1022.01 M/M; B&T -847.06 24,984.63 Total 1020.00 Reserve -847.06 24,984.63 1200.00 Accounts Receivable 2,305.00 Payment 03/17/2014 3517 07-Korp 2nd Qtr 2014-1,160.00 1,145.00 Payment 03/18/2014 7140 11-Knight 2nd Qtr 2014-1,160.00-15.00 Payment 03/18/2014 7141 12-Knight 2nd Qtr 2014-1,160.00-1,175.00 Payment 03/28/2014 0450550 13-Bowser 2nd Qtr 2014-1,160.00-2,335.00 Payment 03/28/2014 3 08-Preston 2nd Qtr 2014-1,160.00-3,495.00 Payment 03/28/2014 5635 16-Hill 2nd Qtr 2014-1,160.00-4,655.00 Prepared by: Argus Management of Venice, Inc. Page 7

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance Payment 03/31/2014 7152 11-Knight 2nd Qtr 2014 ($25.00 Overpayment) -1,185.00-5,840.00 Total 1200.00 Accounts Receivable -8,145.00-5,840.00 1499.00 Posted Payments Pending Deposit 0.00 Payment 03/17/2014 3517 07-Korp 2nd Qtr 2014 1,160.00 1,160.00 Deposit 03/17/2014 3517 07-Korp 2nd Qtr 2014-1,160.00 0.00 Payment 03/18/2014 7140 11-Knight 2nd Qtr 2014 1,160.00 1,160.00 Payment 03/18/2014 7141 12-Knight 2nd Qtr 2014 1,160.00 2,320.00 Deposit 03/18/2014 7140 11-Knight 2nd Qtr 2014-1,160.00 1,160.00 Deposit 03/18/2014 7141 12-Knight 2nd Qtr 2014-1,160.00 0.00 Payment 03/28/2014 0450550 13-Bowser 2nd Qtr 2014 1,160.00 1,160.00 Payment 03/28/2014 3 08-Preston 2nd Qtr 2014 1,160.00 2,320.00 Payment 03/28/2014 5635 16-Hill 2nd Qtr 2014 1,160.00 3,480.00 Deposit 03/28/2014 5635 16-Hill 2nd Qtr 2014-1,160.00 2,320.00 Deposit 03/28/2014 3 08-Preston 2nd Qtr 2014-1,160.00 1,160.00 Payment 03/31/2014 7152 11-Knight 2nd Qtr 2014 ($25.00 Overpayment) 1,185.00 2,345.00 Deposit 03/31/2014 7152 11-Knight 2nd Qtr 2014 ($25.00 Overpayment) -1,185.00 1,160.00 Total 1499.00 Posted Payments Pending Deposit 1,160.00 1,160.00 3015.00 SUSPENSE 0.00 Total 3015.00 SUSPENSE 0.00 3040.00 Defered Assessments -5,600.00 General Journal 03/02/2014 2014 Mthly Opearting Allocation 5,600.00 0.00 Total 3040.00 Defered Assessments 5,600.00 0.00 3410.00 Special Assessment - Insurance 9,437.62 3410.02 Allocation - Special Assess Ins -23,242.39 Total 3410.02 Allocation - Special Assess Ins -23,242.39 3410.03 Expense - Special Asses Ins 32,680.01 Check 03/28/2014 404 MSA Group Policy PBG34744 481.10 33,161.11 Total 3410.03 Expense - Special Asses Ins 481.10 33,161.11 Total 3410.00 Special Assessment - Insurance 481.10 9,918.72 3500.00 Reserves -25,831.69 3413.00 2012 - S / A Plumbing 0.00 3413.02 Allocation - S/A Plumbing 0.00 Prepared by: Argus Management of Venice, Inc. Page 8

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance Total 3413.02 Allocation - S/A Plumbing 0.00 Total 3413.00 2012 - S / A Plumbing 0.00 3510.00 General Reserves -25,465.09 3510.01 Beg Bal - General Reserves -23,705.09 Total 3510.01 Beg Bal - General Reserves -23,705.09 3510.02 Allocation Qtr General Reserves -1,760.00 Total 3510.02 Allocation Qtr General Reserves -1,760.00 3510.03 Expense General Reserve 0.00 Check 03/13/2014 399 USA Fence Company Deposit for Fence 850.00 850.00 Total 3510.03 Expense General Reserve 850.00 850.00 Total 3510.00 General Reserves 850.00-24,615.09 3599.00 Interest Reserve -366.60 3599.01 Beg. Bal. Interest Earned Res. -360.21 Total 3599.01 Beg. Bal. Interest Earned Res. -360.21 3599.02 Allocation Interest Earned Res. -6.39 Deposit 03/24/2014 Interest -2.94-9.33 Total 3599.02 Allocation Interest Earned Res. -2.94-9.33 Total 3599.00 Interest Reserve -2.94-369.54 Total 3500.00 Reserves 847.06-24,984.63 3900.00 Retained Earnings -6,368.44 Total 3900.00 Retained Earnings -6,368.44 5000.00 INCOME -11,202.15 5010.00 Maintenance Fee -11,200.00 General Journal 03/02/2014 2014 Mthly Opearting Allocation -5,600.00-16,800.00 Total 5010.00 Maintenance Fee -5,600.00-16,800.00 5050.00 Interest Income -2.15 Deposit 03/25/2014 Interest -0.24-2.39 Prepared by: Argus Management of Venice, Inc. Page 9

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance Total 5050.00 Interest Income -0.24-2.39 Total 5000.00 INCOME -5,600.24-16,802.39 7100.00 GROUNDS 2,379.45 7110.00 Lawn Maintenance 1,190.00 Check 03/28/2014 402 Evergreen Lawn Service of SW,FL, Inc. March Monthly Service 595.00 1,785.00 Total 7110.00 Lawn Maintenance 595.00 1,785.00 7125.00 Fert/Insecticide 181.00 Check 03/28/2014 405 Lawn Care Extraordinaire 03/10 Early Spring Turf Service - inv 496269 181.00 362.00 Total 7125.00 Fert/Insecticide 181.00 362.00 7126.00 Pest Control 178.00 Total 7126.00 Pest Control 178.00 7130.00 Other Grounds 800.45 Total 7130.00 Other Grounds 800.45 7150.00 Irrigation 30.00 Total 7150.00 Irrigation 30.00 Total 7100.00 GROUNDS 776.00 3,155.45 7200.00 CONDO MAINTENANCE 620.37 7210.00 Building Maintenance 620.37 Total 7210.00 Building Maintenance 620.37 Total 7200.00 CONDO MAINTENANCE 620.37 7300.00 POOL SERVICES 1,255.04 7310.00 Pool Maint Contract 462.00 Check 03/28/2014 403 Southwest Pools, Builders & Service March Monthly Pool Service - 2 Days Week 231.00 693.00 Total 7310.00 Pool Maint Contract 231.00 693.00 7325.00 Pool Supplies 793.04 Check 03/28/2014 403 Southwest Pools, Builders & Service 03/12 - new 300 Watt pool lite bulb - gasket - pentair / labor 123.87 916.91 Total 7325.00 Pool Supplies 123.87 916.91 Prepared by: Argus Management of Venice, Inc. Page 10

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance Total 7300.00 POOL SERVICES 354.87 1,609.91 7500.00 UTILITIES 2,423.13 7510.00 Water 1,204.61 Check 03/11/2014 EBT Sarastoa County Enviromental 117379-626632 Base Charge - (01/22/14-02/20/14) 1.84 1,206.45 Check 03/11/2014 EBT Sarastoa County Enviromental Water 294.93 1,501.38 Check 03/11/2014 EBT Sarastoa County Enviromental Sewer 544.42 2,045.80 Total 7510.00 Water 841.19 2,045.80 7520.00 Electric 1,218.52 Check 03/15/2014 EBT FPL 37935-49340 (01/31/14-02/28/14) 475.05 1,693.57 Total 7520.00 Electric 475.05 1,693.57 Total 7500.00 UTILITIES 1,316.24 3,739.37 7700.00 SEWER PLANT 780.08 7722.00 Loan Payable 780.08 Check 03/24/2014 400 Sarastoa County Enviromental / Loan March Loan Payment 390.04 1,170.12 Total 7722.00 Loan Payable 390.04 1,170.12 Total 7700.00 SEWER PLANT 390.04 1,170.12 7800.00 ADMINISTRATIVE 1,318.72 7820.00 Legal/Acctng Fees 45.50 Total 7820.00 Legal/Acctng Fees 45.50 7835.00 Dues & Fees 64.00 Check 03/28/2014 401 Florida Department of State 2014 Annual Report 61.25 125.25 Total 7835.00 Dues & Fees 61.25 125.25 7870.00 Management Services 1,068.00 Check 03/01/2014 398 Argus Management of Venice March Management 534.00 1,602.00 Total 7870.00 Management Services 534.00 1,602.00 7880.00 Copies & Postage 141.22 Check 03/01/2014 398 Argus Management of Venice February Administrative 28.90 170.12 Check 03/01/2014 398 Argus Management of Venice February Postage 8.40 178.52 Check 03/10/2014 EBT BB & T 2014/2015 - Auto Pay 1.75 180.27 Prepared by: Argus Management of Venice, Inc. Page 11

Transaction Ledger by Account As of March 31, 2014 Type Date Num Name Memo Amount Balance Check 03/10/2014 EBT BB & T 2014/2015 - Full Coupon Order 26.25 206.52 Total 7880.00 Copies & Postage 65.30 206.52 Total 7800.00 ADMINISTRATIVE 660.55 1,979.27 TOTAL 0.00 0.00 Prepared by: Argus Management of Venice, Inc. Page 12