THE PINES CONDO. 0719 THE PINES CONDOMINIUM ASSOCIATION, INC. FINANCIAL STATEMENTS Included Reports Copies BALANCE SHEET 1 STATEMENT OF CASH FLOW 1 STATEMENT OF OPERATIONS VARIANCE 1
THE PINES CONDOMINIUM ASSOCIATION, INC. Page: 1 3:04 PM BALANCE SHEET ENDING BALANCE TOTAL ASSETS CURRENT ASSETS 1105 UNION BANK OPERATING ACCOUNT 111,138.38 1500 INSURANCE CLAIMS FIRE CLAIM 2016 8,013.37 1800 PETTY CASH M MEJIA 750.00 1800 PETTY CASH PETTY CASH 700.00 TOTAL CURRENT ASSETS 120,601.75 RESERVES 1903 UNION BANK RESERVE MONEY MARKET FUNDS 21,848.20 1903 UNION BANK RESERVE REPLACEMENT RESERVE 97,083.74 1915 CHASE BANK 34,164.41 1933 NEW FIRST NATIONAL MONEY MARKET 104,782.59 1970 MORGAN STANLEY MONEY MARKET 156,247.87 TOTAL RESERVES 414,126.81 TOTAL ASSETS 534,728.56 LIABILITIES AND CAPITAL CAPITAL 3910 RETAINED EARNINGS 942,105.61 CURRENT INCOME (407,377.05) TOTAL CAPITAL 534,728.56 TOTAL LIABILITIES/CAPITAL 534,728.56
THE PINES CONDOMINIUM ASSOCIATION, INC. Page: 1 3:04 PM STATEMENT OF CASH FLOW RECAP OF CASH FLOW BEGINNING CASH 532,894.42 NET INCOME FROM OPERATIONS (6,179.23) ENDING CASH 526,715.19 CASH ACCOUNT UNION BANK OPERATING ACCOUNT 111,138.38 PETTY CASH 1,450.00 UNION BANK RESERVE ACCOUNT 118,931.94 CHASE BANK 34,164.41 NEW FIRST NATIONAL BANK 104,782.59 MORGAN STANLEY WEALTH MGMT 156,247.87 526,715.19
THE PINES CONDOMINIUM ASSOCIATION, INC. Page: 1 3:04 PM STATEMENT OF OPERATIONS VARIANCE ACCT M-T-D MTD VARIANCE VARIANCE ANNUAL REMAINING INCOME 4100 ASSESSMENTS 62,333.93 58,093 4,240.93 404,588.83 406,651 (2,062.17) 697,116 (292,527.17) 4200 CLUBHOUSE 0.00 10 (10.00) 0.00 70 (70.00) 120 (120.00) 4215 UTILITY INCOME 57,496.01 53,153 4,343.01 373,921.62 372,071 1,850.62 637,836 (263,914.38) 4250 FINE/DAMAGE 0.00 15 (15.00) 0.00 105 (105.00) 180 (180.00) 4261 HO REIMBURSEMENT/LABOR 0.00 500 (500.00) 87.50 3,500 (3,412.50) 6,000 (5,912.50) 4300 INTEREST 256.11 200 56.11 3,403.61 1,400 2,003.61 2,400 1,003.61 4400 LATE CHARGE 312.25 200 112.25 1,739.11 1,400 339.11 2,400 (660.89) 4420 LAUNDRY INCOME 0.00 40 (40.00) 0.00 280 (280.00) 480 (480.00) 4450 LEGAL 0.00 150 (150.00) 35.00 1,050 (1,015.00) 1,800 (1,765.00) 4500 NSF CHARGE 0.00 3 (3.00) 0.00 21 (21.00) 36 (36.00) 4550 OTHER 0.00 75 (75.00) 100.80 525 (424.20) 900 (799.20) 4553 PLUMBING REPAIR INCOME 0.00 0 0.00 490.00 0 490.00 0 490.00 4570 PARKING INCOME 0.00 100 (100.00) 0.00 700 (700.00) 1,200 (1,200.00) 4650 SPECIAL ASSESSMENT 2,747.00 0 2,747.00 2,747.00 0 2,747.00 0 2,747.00 4755 TRANSFER FEE 0.00 0 0.00 125.00 0 125.00 0 125.00 TOTAL INCOME 123,145.30 112,539 10,606.30 787,238.47 787,773 (534.53) 1,350,468 (563,229.53) OPERATING EXPENSES MAINTENANCE & REPAIRS 5005 A/C & HEATING 0.00 200 200.00 4,505.85 1,400 (3,105.85) 2,400 (2,105.85) 5015 ACCESS GATE REPAIRS 0.00 0 0.00 2,465.00 0 (2,465.00) 0 (2,465.00) 5020 BOILER REPAIR 0.00 400 400.00 0.00 2,800 2,800.00 4,800 4,800.00 5025 BUILDING 0.00 400 400.00 0.00 2,800 2,800.00 4,800 4,800.00 5040 CARPORTS/DRIVEWAYS/SIDEWALKS 0.00 1,250 1,250.00 642.85 8,750 8,107.15 15,000 14,357.15 5045 ELECTRICAL 0.00 500 500.00 96.84 3,500 3,403.16 6,000 5,903.16 5060 EXTERIOR PAINTING 0.00 300 300.00 0.00 2,100 2,100.00 3,600 3,600.00 5070 EXTERMINATING-EXTERIOR 1,007.58 150 (857.58) 1,007.58 1,050 42.42 1,800 792.42 5075 FENCES 0.00 300 300.00 8,445.85 2,100 (6,345.85) 3,600 (4,845.85) 5082 FOUNDATION 42,000.00 0 (42,000.00) 328,450.00 0 (328,450.00) 0 (328,450.00) 5086 FUEL CHARGE 0.00 0 0.00 105.77 0 (105.77) 0 (105.77) 5095 GOLF CARTS 200.00 0 (200.00) 200.00 0 (200.00) 0 (200.00) 5100 GUTTERS 0.00 200 200.00 0.00 1,400 1,400.00 2,400 2,400.00 5108 IRRIGATION 0.00 40 40.00 0.00 280 280.00 480 480.00 5110 KEYS & LOCKS 0.00 25 25.00 26.19 175 148.81 300 273.81 5115 LANDSCAPING 1,000.00 600 (400.00) 2,500.00 4,200 1,700.00 7,200 4,700.00 5120 LIGHTING 0.00 350 350.00 468.86 2,450 1,981.14 4,200 3,731.14 5125 MISCELLANEOUS 0.00 200 200.00 6,498.27 1,400 (5,098.27) 2,400 (4,098.27) 5135 PAINTING & S/R - INTERIOR 0.00 500 500.00 0.00 3,500 3,500.00 6,000 6,000.00 5140 PLUMBING 12,196.41 1,250 (10,946.41) 36,417.45 8,750 (27,667.45) 15,000 (21,417.45) 5143 PLUMBING-JET LINES 0.00 100 100.00 0.00 700 700.00 1,200 1,200.00 5150 POOL REPAIR & SUPPLIES 0.00 75 75.00 0.00 525 525.00 900 900.00 5160 PROFESSIONAL SERVICE 0.00 300 300.00 7,610.00 2,100 (5,510.00) 3,600 (4,010.00) 5165 ROOF REPAIRS 0.00 750 750.00 3,365.00 5,250 1,885.00 9,000 5,635.00 5170 SALARIES 11,968.00 9,744 (2,224.00) 70,385.21 68,208 (2,177.21) 117,328 46,942.79 5184 STORM DAMAGE 0.00 0 0.00 300,045.10 0 (300,045.10) 0 (300,045.10) 5185 SUPPLIES 177.54 250 72.46 2,994.66 1,750 (1,244.66) 3,000 5.34 5195 TRANSMITTER/CARD KEY 0.00 20 20.00 0.00 140 140.00 240 240.00 5197 TREES 0.00 500 500.00 1,500.00 3,500 2,000.00 6,000 4,500.00 5200 TOOLS & EQUIPMENT 0.00 150 150.00 1,550.93 1,050 (500.93) 1,800 249.07 5250 UNEXPECTED REPAIRS 0.00 0 0.00 62.68 0 (62.68) 0 (62.68) TOTAL MAINTENANCE & REPAIRS 68,549.53 18,554 (49,995.53) 779,344.09 129,878 (649,466.09) 223,048 (556,296.09) CONTRACT SERVICES EXPENSES 5317 ENERGY MGMT SERVICES 0.00 250 250.00 250.00 1,750 1,500.00 3,000 2,750.00 5322 MOSQUITO CONTROL 34.32 154 119.68 102.96 565 462.04 1,027 924.04 5325 EXTERMINATING CONTRACT-TERMI 0.00 0 0.00 0.00 1,841 1,841.00 1,841 1,841.00 5328 IRRIGATION CONTRACT 0.00 255 255.00 0.00 1,785 1,785.00 3,060 3,060.00 5330 LANDSCAPE CONTRACT 0.00 5,254 5,254.00 1,850.51 36,778 34,927.49 63,222 61,371.49 5331 MANAGEMENT CONTRACT 2,200.00 2,200 0.00 15,400.00 15,400 0.00 26,400 11,000.00 5335 PATROL CONTRACT 10,416.00 4,874 (5,542.00) 80,774.00 28,391 (52,383.00) 48,488 (32,286.00) 5340 POOL CONTRACT 671.15 672 0.85 7,889.20 4,704 (3,185.20) 8,064 174.80 5355 TRASH CONTRACT 0.00 2,363 2,363.00 6,547.17 16,836 10,288.83 28,514 21,966.83
THE PINES CONDOMINIUM ASSOCIATION, INC. Page: 2 3:04 PM STATEMENT OF OPERATIONS VARIANCE ACCT M-T-D MTD VARIANCE VARIANCE ANNUAL REMAINING 5360 WATER TREATMENT CONTRACT 0.00 0 0.00 962.57 6,766 5,803.43 6,766 5,803.43 TOTAL CONTRACT SERVICES 13,321.47 16,022 2,700.53 113,776.41 114,816 1,039.59 190,382 76,605.59 INSURANCE EXPENSES 5402 BOILER & MACHINERY 145.40 146 0.60 303.74 936 632.26 1,666 1,362.26 5405 DIRECTORS & OFFICERS 365.82 360 (5.82) 764.23 2,320 1,555.77 4,120 3,355.77 5417 GENERAL LIABILITY 548.08 556 7.92 1,144.99 3,576 2,431.01 6,356 5,211.01 5425 OTHER INSURANCE 1,652.26 2,000 347.74 10,728.28 14,000 3,271.72 24,000 13,271.72 5427 PROPERTY CASUALTY 9,723.58 11,303 1,579.42 20,313.31 64,520 44,206.69 121,035 100,721.69 5435 UMBRELLA 110.19 110 (0.19) 230.20 710 479.80 1,260 1,029.80 5440 WORKER'S COMPENSATION (1,630.77) 0 1,630.77 1,232.23 3,600 2,367.77 3,600 2,367.77 TOTAL INSURANCE EXPENSES 10,914.56 14,475 3,560.44 34,716.98 89,662 54,945.02 162,037 127,320.02 GENERAL & ADMINISTRATIVE 5505 ACCOUNTING/AUDITS 133.47 130 (3.47) 1,014.04 2,910 1,895.96 3,560 2,545.96 5515 BANK CHARGES 0.00 45 45.00 251.76 315 63.24 540 288.24 5530 LEGAL-CORPORATE 0.00 150 150.00 2,903.50 1,050 (1,853.50) 1,800 (1,103.50) 5535 LEGAL-INDIVIDUAL 1,806.50 250 (1,556.50) 17,894.10 1,750 (16,144.10) 3,000 (14,894.10) 5545 MISC ADMINISTRATIVE 0.00 100 100.00 0.00 700 700.00 1,200 1,200.00 5550 MEETING EXPENSE 0.00 10 10.00 1,656.11 70 (1,586.11) 120 (1,536.11) 5551 MILEAGE EXPENSE 0.00 25 25.00 182.00 175 (7.00) 300 118.00 5554 OFFICE EQUIPMENT 0.00 0 0.00 162.36 0 (162.36) 0 (162.36) 5555 OFFICE SUPPLIES&PRINTING 48.57 600 551.43 2,012.38 4,200 2,187.62 7,200 5,187.62 5562 POSTAGE 10.65 150 139.35 1,436.69 1,050 (386.69) 1,800 363.31 5563 REIMBURSEMENTS 0.00 50 50.00 0.00 350 350.00 600 600.00 5565 PERMITS 0.00 100 100.00 1,761.69 700 (1,061.69) 1,200 (561.69) 5570 SALARIES 5,583.34 5,000 (583.34) 25,074.82 35,000 9,925.18 60,400 35,325.18 5580 UNIFORMS 0.00 100 100.00 0.00 700 700.00 1,200 1,200.00 5586 WEB SITE 0.00 135 135.00 1,003.14 945 (58.14) 1,620 616.86 TOTAL GEN'L & ADMINISTRATIVE 7,582.53 6,845 (737.53) 55,352.59 49,915 (5,437.59) 84,540 29,187.41 5605 ELECTRICITY 17,401.41 23,557 6,155.59 106,282.83 138,941 32,658.17 244,586 138,303.17 5610 GAS 1,713.96 1,900 186.04 14,070.26 15,293 1,222.74 23,203 9,132.74 5615 WATER & SEWER 7,241.92 16,957 9,715.08 53,696.35 106,009 52,312.65 176,096 122,399.65 5620 TELEPHONE (101.92) 800 901.92 1,490.72 5,600 4,109.28 9,600 8,109.28 5625 INTERNET 41.55 0 (41.55) 375.29 0 (375.29) 0 (375.29) TOTAL UTILITIES 26,296.92 43,214 16,917.08 175,915.45 265,843 89,927.55 453,485 277,569.55 TAX EXPENSES 5703 DRAINAGE FEE 1,129.10 1,129 (0.10) 7,903.70 7,903 (0.70) 13,548 5,644.30 5710 EMPLOYER FICA 1,337.21 1,128 (209.21) 12,925.49 7,896 (5,029.49) 13,597 671.51 5730 UMEMPLOYMENT TAX 62.09 50 (12.09) 458.61 350 (108.61) 600 141.39 TOTAL TAXES 2,528.40 2,307 (221.40) 21,287.80 16,149 (5,138.80) 27,745 6,457.20 TOTAL OPERATING EXPENSES 129,193.41 101,417 (27,776.41) 1,180,393.32 666,263 (514,130.32) 1,141,237 (39,156.32) CAPITAL IMPROVEMENTS 6005 CONTINGENCY RESERVES 0.00 16,632 16,632.00 0.00 116,424 116,424.00 199,584 199,584.00 6063 COMPUTERS 131.12 0 (131.12) 131.12 0 (131.12) 0 (131.12) 6078 EXTERMINATING 0.00 0 0.00 179.70 0 (179.70) 0 (179.70) 6100 FENCES 0.00 0 0.00 7,424.29 0 (7,424.29) 0 (7,424.29) 6111 GOLF CARTS 0.00 0 0.00 1,100.00 0 (1,100.00) 0 (1,100.00) 6145 PAINTING & SHEETROCK 0.00 0 0.00 1,105.00 0 (1,105.00) 0 (1,105.00) 6160 PLUMBING 0.00 0 0.00 192.48 0 (192.48) 0 (192.48) 6180 MONITORING SYSTEM & CAMERAS 0.00 0 0.00 3,343.00 0 (3,343.00) 0 (3,343.00) 6192 SPRINKLER SYSTEM 0.00 0 0.00 260.99 0 (260.99) 0 (260.99) 6205 TOOLS & EQUIPMENT 0.00 0 0.00 71.19 0 (71.19) 0 (71.19) 6215 MISCELLANEOUS 0.00 0 0.00 414.43 0 (414.43) 0 (414.43) TOTAL CAPITAL IMPROVEMENTS 131.12 16,632 16,500.88 14,222.20 116,424 102,201.80 199,584 185,361.80
THE PINES CONDOMINIUM ASSOCIATION, INC. Page: 3 3:04 PM STATEMENT OF OPERATIONS VARIANCE ACCT M-T-D MTD VARIANCE VARIANCE ANNUAL REMAINING TOTAL EXPENSES 129,324.53 118,049 (11,275.53) 1,194,615.52 782,687 (411,928.52) 1,340,821 146,205.48 TOTAL EXPENSES AND NOTE PAYM 129,324.53 118,049 (11,275.53) 1,194,615.52 782,687 (411,928.52) 1,340,821 146,205.48 NET INCOME/(LOSS) (6,179.23) (5,510) (669.23) (407,377.05) 5,086 (412,463.05) 9,647 (417,024.05)