Page 1 Unaudited - For Internal Use Only

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1 Accrual Basis July 2014 Jul 14 Budget $ Over Budget % of Budget Ordinary Income/Expense Income Dues and assessments-qrtrly Member Dues 104, , % Retail/Commercial Dues 15, , % ASRL Contribution 3, , % Total Dues and assessments-qrtrly 124, , % Interest & finance charges Interest inc-operating fund (124.66) 68.2% Finance charges and late fees % Total Interest & finance charges 1, % Other fees and revenues Vending income Wireless Internet fees (241.67) 3.3% Misc income 1, , % Total Other fees and revenues 1, , (196.35) 84.3% Total Income 126, , % Gross Profit 126, , % Expense Administrative costs Bank and credit card fees Bank fees (64.61) 67.7% Total Bank and credit card fees (64.61) 67.7% Professional fees Legal fees 2, , , % Audit and Accounting Fees % Total Professional fees 3, , , % Miscellaneous admin costs Office Supplies (166.03) 17.0% Computer Repair % License/Fees/Dues Postage & Mailing (128.40) 14.4% Miscellaneous, other (14.77) 92.6% Holiday Decorations Lobby Flowers (500.00) Bad Debt % Trustee Expense % Total Miscellaneous admin costs , (467.55) 65.4% Management Fee 5, , % Insurance expense 6, , % Total Administrative costs 16, , % RVMA Dues 8, , % Owner Services Allocation HOA Governance Allocation Housekeeping Housekeeping wages 5, , , % Employee Taxes & benefits-hk Housekeeping Supplies 2, , , % Laundry of Pool Towels , (764.80) 52.2% Total Housekeeping 8, , , % Maintenance and security Maint wages, taxes & benefits Maintenance wages 22, , , % Total Maint wages, taxes & benefits 22, , , %

2 Accrual Basis July 2014 Jul 14 Budget $ Over Budget % of Budget Repairs, maintenance & suppli Programmed Maintenance % Carpet Cleaning Common areas, walls 1, , % Elevators, escalators & stair % Supplies-Pool 1, , (1,177.58) 54.7% Spa Chemicals Supplies- Building , (1,505.23) 11.5% Supplies- Equipment (260.00) Supplies- Grounds & parking , (438.65) 56.1% Supplies-Electric % Supplies-Operating (250.00) Supplies-Plumbing 1, (1,000.00) Total Repairs, maintenance & suppli 6, , (2,332.77) 72.2% Snow & trash removal Snow Removal Trash and refuse removal % Total Snow & trash removal % Security and safety costs Security wages 1, , % Security Systems 1, , % Total Security and safety costs 3, , , % Total Maintenance and security 32, , , % Utilities Gas - lodge and pool 5, , , % Electricity 18, , (1,396.77) 92.8% Water 6, , (358.24) 94.8% Sewer and septic 5, , (74.82) 98.6% Telephone (153.81) 78.0% Telephone recovery from monthly billouts - $22/unit Cable television/satellite 2, , % Internet Expense 1, , (154.00) 90.2% Total Utilities 39, , (867.61) 97.8% Total Expense 106, , , % Net Ordinary Income 20, , (9,380.90) 68.5% Other Income/Expense Other Income Reserve for replacements-dnp Qtry Reserve Assessments (21,022.00) (21,022.00) 100.0% Special Reserve Assessments (950.31) (995.00) % Total Reserve for replacements-dnp (21,972.31) (22,017.00) % Total Other Income (21,972.31) (22,017.00) % Net Other Income (21,972.31) (22,017.00) % Net Income (1,569.75) 7, (9,336.21) (20.2)% Page 2

3 Accrual Basis May through July 2014 May - Jul 14 Budget $ Over Budget % of Budget Ordinary Income/Expense Income Dues and assessments-qrtrly Member Dues 314, , % Member dues Retail/Commercial Dues 47, , % ASRL Contribution 11, , % Total Dues and assessments-qrtrly 374, , % Interest & finance charges Interest inc-operating fund 1, , % Finance charges and late fees (626.74) 1, (1,876.72) (50.1)% Total Interest & finance charges 1, , (1,063.03) 56.2% Other fees and revenues Vending income Wireless Internet fees (631.92) 15.7% Misc income 3, , % Total Other fees and revenues 3, , (586.60) 84.4% Total Income 378, , (1,649.63) 99.6% Gross Profit 378, , (1,649.63) 99.6% Expense Administrative costs Bank and credit card fees Bank fees % Mastercard/VISA fees Total Bank and credit card fees % Professional fees Legal fees 3, , % Audit and Accounting Fees 2, , (1,850.00) 58.0% Total Professional fees 6, , (1,229.45) 83.4% Miscellaneous admin costs Office Supplies (18.37) 95.7% Computer Repair % License/Fees/Dues (56.93) 54.5% Postage & Mailing (23.25) 91.4% Miscellaneous, other , (10,106.06) 2.8% Holiday Decorations Lobby Flowers , (858.90) 42.7% Bad Debt % Trustee Expense 2, , (852.10) 77.6% Total Miscellaneous admin costs 5, , (11,723.96) 33.1% Management Fee 17, , % Insurance expense 20, , % Total Administrative costs 50, , (12,762.21) 79.8% RVMA Dues 26, , % Owner Services Allocation HOA Governance Allocation Housekeeping Housekeeping wages 19, , , % Employee Taxes & benefits-hk Housekeeping Supplies 3, , , % House Keeping Misc. Laundry of Pool Towels 1, , (1,123.20) 57.6% Window Cleanng 3, Total Housekeeping 28, , , % Maintenance and security Maint wages, taxes & benefits Maintenance wages 59, , , % Total Maint wages, taxes & benefits 59, , , %

4 Accrual Basis May through July 2014 May - Jul 14 Budget $ Over Budget % of Budget Repairs, maintenance & suppli Programmed Maintenance 9, , % Grounds and parking Carpet Cleaning (250.00) Common areas, walls 1, , % Elevators, escalators & stair 1, , % Supplies-Pool 2, , (4,686.56) 32.1% Spa Chemicals Supplies- Building , (6,257.51) 9.3% Supplies- Equipment (760.00) Supplies- Grounds & parking 1, , (1,311.85) 56.3% Supplies-Electric 3, , % Supplies-Operating (612.93) 18.3% Supplies-Plumbing , (2,109.26) 29.7% Painting & Supplies Total Repairs, maintenance & suppli 22, , (10,318.12) 68.9% Snow & trash removal Snow Removal Trash and refuse removal 1, , (310.00) 86.3% Total Snow & trash removal 1, , (310.00) 86.3% Security and safety costs Security wages 5, , , % Security Systems 5, , % Total Security and safety costs 10, , , % Total Maintenance and security 94, , , % Utilities Gas - lodge and pool 16, , , % Electricity 43, , (8,556.31) 83.6% Water 19, , (1,074.72) 94.8% Sewer and septic 15, , (273.16) 98.2% Telephone 1, , (266.04) 87.3% Telephone recovery from monthly billouts - $22/unit (396.00) (396.00) 100.0% Cable television/satellite 7, , % Internet Expense 6, , % Total Utilities 109, , (7,039.44) 94.0% Total Expense 310, , % Net Ordinary Income 68, , (2,066.68) 97.1% Other Income/Expense Other Income Reserve for replacements-dnp Qtry Reserve Assessments (63,066.00) (63,066.00) 100.0% Special Reserve Assessments (2,850.93) (2,985.00) % Total Reserve for replacements-dnp (65,916.93) (66,051.00) % Total Other Income (65,916.93) (66,051.00) % Net Other Income (65,916.93) (66,051.00) % Net Income 2, , (1,932.61) 56.5% Page 2

5 1:09 PM SUNDIAL HOMEOWNERS ASSOCIATION 08/17/14 A/P Aging Summary As of July 31, 2014 Current > 90 TOTAL Accent Automatics Inc All Seasons Resort Lodging 42, , , American Hotel Register Co , Associates of Glens Falls (5,310.00) (5,310.00) Authnet Gateway Canyons Resorts Century Link Directv (2,413.47) (2,413.47) Eleven Wireless, Inc (8.33) Grainger (114.49) (114.49) Home Depot Intermountain Aquatech Model Linen Supply Morris Sperry 2, , Park City Nursery Peak Alarm Precision Control Service, Inc Questar Gas 5, , Rocky Mtn Power (9,018.37) (9,018.37) Ron Brenner RVMA (8,850.00) (8,850.00) Tyco Integrated Security (417.63) (417.63) Wasatch Lawn & Tree TOTAL 52, (17,063.86) (122.02) 35,275.21

6 1:12 PM SUNDIAL HOMEOWNERS ASSOCIATION 08/17/14 Balance Sheet Accrual Basis As of July 31, 2014 Jul 31, 14 ASSETS Current Assets Checking/Savings Cash and cash equivalents Wells Fargo - Ops fund (16,156.64) Merrill Lynch MM RFR fund 787, Total Cash and cash equivalents 771, Total Checking/Savings 771, Accounts Receivable Accounts Receivable Total Accounts Receivable Other Current Assets Costs of inventory purchased for resale (334.00) Prepaid Expenses Prepaid exp - Snyderville Bas 4, Prepaid insurance 16, Prepaid Fees 1, Prepaid Expenses - Other (4,623.43) Total Prepaid Expenses 17, Interfund - Replacement fund (23,290.00) Total Other Current Assets (6,014.82) Total Current Assets 765, Fixed Assets Fixtures-RFR fund 5, ' Man Lift 17, Fitness Room- RFR fund 38, Accumulated Depreciation-CIRF (44,183.65) Total Fixed Assets 16, TOTAL ASSETS 782, LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable- Vendors 35, Total Accounts Payable 35,275.21

7 1:12 PM SUNDIAL HOMEOWNERS ASSOCIATION 08/17/14 Balance Sheet Accrual Basis As of July 31, 2014 Jul 31, 14 Other Current Liabilities Interfund - Operating fund (23,290.00) Other Accrued Expenses 10, Accrual for Bad Debt 8, Adv Deposit GO Room Improveme 1, Deferred Revenue Total Other Current Liabilities (2,960.54) Total Current Liabilities 32, Total Liabilities 32, Equity Operating Fund Balance 239, Retained Earnings (169,128.46) Reserve for Replacements Fund 704, Current Year Capital Expediture (91,092.25) Current Year Reserve Accrual 63, Net Income 2, Total Equity 750, TOTAL LIABILITIES & EQUITY 782, Page 2