Thurston Groves Homeowners Association, Inc Race Track Road Tampa, Florida

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1 Thurston Groves Homeowners Association, Inc Race Track Road Tampa, Florida To: Board of Directors From: Mary Fritzler, LCAM Subject: Manager Report December 2016 Financials: The December 2016 Financials are included with this report. At the close of the books there is $71, in your operating account and $96, in the reserve accounts. Please see A/P Open Item Detailed Report. *The CPA engagement letter has been sent to Joseph Michalak LLC for preparing the 2016 Tax Filing. Community Updates: I have contacted a vendor who will audit the utility light use for the community. This will help in comparing the cost for the community to maintain the street lights themselves verses using Duke Energy. I will forward the proposal for your review once I have it. Affordable lock and security will quote the auto slams for the fence gates. Grounds Maintenance: Fieldstone will clear the high weeds along the West side wall near to the trail per the approved proposal. The new owners who planted the citrus trees have agreed to remove them per the association guidelines. Pond: Aquatic Systems last serviced the pond on December 22, I have included the onsite report for the board s review. Meeting Schedule: February 7, Respectfully Submitted, Mary Fritzler, LCAM

Mary Fritzler Leland Management 12630 Race Track Road Tampa, Florida 33626 Prepared by: Jesse Ebert,

2 Fa ys a Thurston Groves HOA Monthly Waterway Inspection Report Reason for Inspection: Routine Scheduled - Monthly Inspection Date: 12/22/2016 Prepared for: Ms. Mary Fritzler Leland Management Race Track Road Tampa, Florida Prepared by: Jesse Ebert, Sales Manager Aquatic Systems, Inc. St. Pete Field Office Corporate Headquarters 2100 N.W. 33 rd Street, Pompano Beach, FL

Thurston Groves HOA Waterway Inspection Report 12/22/2016 Site: 1 Comments: Site A light looks surface good film was observed near the bridge area. photo Lake #1 looked great.

There was no observed unwanted vegetation other than the decomposing Prim rose out in the center. This Prim rose was treated 3 months ago and is continuing to decompose.

Thus did no seem to be stressing the beneficial Arrow head, Pickerel weed, or Gulf Spikerush.

3 Thurston Groves HOA Waterway Inspection Report 12/22/2016 Site: 1 Comments: Site A light looks surface good film was observed near the bridge area. photo Lake #1 looked great. The water level was very low. Most of the littoral shelf was out of the water. The Prim rose is continuing to decompose. Management Summary Thurston Groves was in excellent condition. There was no observed unwanted vegetation other than the decomposing Prim rose out in the center. This Prim rose was treated 3 months ago and is continuing to decompose. The water level was extremely low during the inspection. This is common for this time of year. Most of the littoral shelf was out of the water. Thus did no seem to be stressing the beneficial Arrow head, Pickerel weed, or Gulf Spikerush. Recommendations/Action Items The following will take place during an upcoming routine scheduled visit: -- The Prim rose within the littoral shelf will be monitored to ensure that there is no regrowth. -- We will continue observing the beneficial plants for signs of stress due to low water levels. -- Erosion will be monitored along the shoreline from Tilapia and armored catfish beds. -- Water way structures will be monitored during these periods of low water. Aquatic Systems Inc. will continue to monitor the waterways of Thurston Groves and promote a healthy aquatic environment. Aquatic Systems, Inc

5 Thurston Groves HOA, Inc. EIN # FINANCIAL STATEMENTS FOR PERIOD ENDING December 31, 2016 Prepared by: LELAND MANAGEMENT 6972 Lake Gloria Blvd. Orlando, FL Valerie A. Kniffin Accounting Manager

6 Thurston Groves Homeowners Association, Inc. Balance Sheet 12/31/2016 Assets Cash - Operating Operating Account - Alliance $71, Cash - Operating Total $71, Cash - Reserves Reserve Money Market - Alliance $96, Cash - Reserves Total $96, Current Assets - Accts Receivable Allowance for Bad Debt ($826.00) Current Assets - Accts Receivable Total ($826.00) Current Assets - Other Deposit - Utility $6, Prepaid Insurance: Liability / Property $2, Prepaid Insurance: D & O $1, Prepaid Insurance: Fidelity Bond $ Prepaid Insurance: Workers Compensation $ Current Assets - Other Total $10, Assets Total $178, Liabilities and Equity Liabilities Accounts Payable $2, Prepaid Assessments $39, Liabilities Total $42, Reserves Reserves - Working Capital $121, Spent fr Reserves-Working Capital ($24,456.00) Reserves Total $96, Retained Earnings $27, Net Income $11, Liabilities & Equity Total $178,081.19

7 Thurston Groves Homeowners Association, Inc. Budget Comparison Report 12/1/ /31/ /1/ /31/2016 1/1/ /31/2016 Actual Budget Variance Actual Budget Variance Annual Budget Income Income Assessment Income $7, $7, $0.00 $90, $90, $0.00 $90, Interest on Delinquent Balance $0.00 $0.00 $0.00 $20.36 $0.00 $20.36 $ Interest on Operating Acct $3.99 $0.00 $3.99 $69.14 $0.00 $69.14 $ Interest on Reserve Acct $20.54 $0.00 $20.54 $ $0.00 $ $ Allocate Reserve Interest ($20.54) $0.00 ($20.54) ($200.62) $0.00 ($200.62) $ Design Review (ARB) Fee $0.00 $0.00 $0.00 $ $0.00 $ $0.00 Total Income $7, $7, $3.99 $90, $90, $ $90, Total Income $7, $7, $3.99 $90, $90, $ $90, Expense General & Administrative Accounting Fees / Tax Preparation $0.00 $0.00 $0.00 $ $ $0.00 $ Legal Fees $0.00 $41.63 $41.63 $0.00 $ $ $ Postage / Copies / Supplies $ $ ($213.55) $1, $1, ($535.20) $1, Insurance Liability / Property $ $ $0.39 $3, $4, $ $4, Insurance D & O $ $92.50 ($13.83) $1, $1, $55.85 $1, Management Fees $ $ $0.00 $8, $8, $0.00 $8, Corporate Annual Report $0.00 $0.00 $0.00 $61.25 $61.25 $0.00 $ Miscellaneous $0.00 $83.37 $83.37 $ $1, $ $1, Total General & Administrative $1, $1, ($101.99) $15, $16, $ $16, Grounds Grounds Maintenance $1, $1, $ $19, $23, $3, $23, Landscaping Replacement / Enhancement $0.00 $ $ $4, $5, $ $5, Irrigation - Repairs / Maintenance $ $83.37 ($27.58) $ $1, $ $1, Lakes / Ponds / Waterways $ $ $0.00 $2, $2, ($172.93) $2, Lighting / Electrical - Repairs $0.00 $ $ $1, $1, $ $1, General Repairs / Maintenance $0.00 $ $ $1, $4, $3, $4, Total Grounds $1, $3, $1, $29, $38, $8, $38, Utilities Electricity - Common Areas $ $ ($116.43) $4, $5, $ $5, Electricity - Street Lights $2, $2, ($233.16) $28, $29, $ $29, Holiday Lighting / Storage $0.00 $83.37 $83.37 $ $1, $ $1, Total Utilities $3, $2, ($266.22) $33, $35, $2, $35, Total Expense $6, $7, $ $79, $90, $11, $90, Operating Net Income $ $23.79 $ $11, $0.00 $11, $0.00 Net Income $ $23.79 $ $11, $0.00 $11, $0.00

8 Thurston Groves Homeowners Association, Inc. AP Aging Report - Simple Period Through: 12/31/2016 Payee Invoice Description Current 30 Days 60 Days Total Duke Energy Dec Street Lights $2, $0.00 $0.00 $2, Fieldstone Landscape Services, LLC Irrigation Repairs $ $0.00 $0.00 $ $2, $0.00 $0.00 $2,760.74

9 Thurston Groves Homeowners Association, Inc. Check Register Report 12/1/ /31/2016 Check DateVendor or Payee Account Check Check Invoice Line Item # # Amt Expense Account Invoice Paid /7/2016 Aquatic Systems, Inc. $ Dec Lake Maintenance 6630 Lakes / Ponds / Waterways $ $ Fieldstone Landscape Services, /7/2016 $1, LLC Dec Lawn Mainteance 6510 Grounds Maintenance $1,644.46$1, /8/2016 Duke Energy $2, Nov Street Lights 7820 Electricity - Street Lights $2,649.79$2, /8/2016 Duke Energy $ Electric - Meter B 7810 Electricity - Common Areas $19.75 $ Electric - Entrance 7810 Electricity - Common Areas $44.94 $ Electric - Entrance 7810 Electricity - Common Areas $37.55 $ Electric - Meter A 7810 Electricity - Common Areas $18.44 $ /20/2016 Duke Energy $ Electric - Common Area 7810 Electricity - Common Areas $ $ /20/2016 Leland Management - T $ M Dec Management Fee 6160 Management Fees $ $ /20/2016 Leland Management - T $ O Nov Office Expense 6090 Postage / Copies / Supplies $ $ /20/2016 Advanced Insurance Underwriter $4, Renew Umbrella Pol to 12/19/ Prepaid Insurance: Liability / Property $ $ Renew Property Pkg to 12/19/ Prepaid Insurance: Liability / Property $1,849.82$1, Renew D&O to 12/19/ Prepaid Insurance: D & O $1,276.00$1, Renew Crime to 12/19/ Prepaid Insurance: Fidelity Bond $ $ /27/2016 Duke Energy $ Electric - Entrance 7810 Electricity - Common Areas $44.94 $ Electric - Meter A 7810 Electricity - Common Areas $18.44 $ Electric - Meter B 7810 Electricity - Common Areas $19.75 $ Electric - Entrance 7810 Electricity - Common Areas $37.55 $37.55 Total: $10,752.42

10 Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/2016 Account: Operating Account - Alliance Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $42, /7/2016 AP Payment: Aquatic Systems, Inc., Check #: , Invoice #: $ $42, /7/2016 AP Payment: Fieldstone Landscape Services, LLC, Check #: , Invoice #: $1, $40, /7/2016 AR Payment Received $2, $42, /8/2016 AP Payment: Duke Energy, Check #: , Invoice #: $2, $39, /8/2016 AP Payment: Duke Energy, Check #: , Invoice #: , , , $ $39, /19/2016 AR Payment Received $8, $48, /20/2016 AP Payment: Duke Energy, Check #: , Invoice #: $ $47, /20/2016 AP Payment: Leland Management - T, Check #: , Invoice #: M $ $47, /20/2016 AP Payment: Leland Management - T, Check #: , Invoice #: O $ $46, /20/2016 AP Payment: Advanced Insurance Underwriter, Check #: , Invoice #: $4, $42, /20/2016 Deposit (Batch #: 17515) $1, $43, /21/2016 AR Payment Received $3, $46, /22/2016 AR Payment Received $4, $50, /23/2016 AR Payment Received $7, $57, /27/2016 AP Payment: Duke Energy, Check #: , Invoice #: , , , $ $57, /28/2016 AR Payment Received $7, $65, /29/2016 AR Payment Received $4, $69, /30/2016 AR Payment Received $2, $71, /31/2016 Bank Statement Interest $3.99 $71, Account Total $39, $10, $71, Account: Reserve Money Market - Alliance Beginning Balance $96, /31/2016 Bank Statement Interest $20.54 $96, Account Total $20.54 $0.00 $96, Account: Allowance for Bad Debt Beginning Balance ($826.00) Account Total $0.00 $0.00 ($826.00) Account: Deposit - Utility Beginning Balance $6, Account Total $0.00 $0.00 $6, Account: Prepaid Insurance: Liability / Property Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $0.00 Advanced Insurance Underwriter, Invoice #: ; Renew Property 12/20/2016 AP $1, $1, Pkg to 12/19/17

11 Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/ /20/2016 AP Advanced Insurance Underwriter, Invoice #: ; Renew Umbrella Pol to 12/19/17 $ $2, /31/2016 GL Allocate Liab/Prop & WC $ $2, Account Total $2, $ $2, Account: Prepaid Insurance: D & O Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $ /20/2016 AP Advanced Insurance Underwriter, Invoice #: ; Renew D&O to 12/19/17 $1, $1, /31/2016 GL Allocate Liab/Prop & WC $ $1, Account Total $1, $ $1, Account: Prepaid Insurance: Fidelity Bond Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $ /20/2016 AP Advanced Insurance Underwriter, Invoice #: ; Renew Crime to 12/19/17 $ $ /31/2016 GL Allocate Liab/Prop & WC $55.92 $ Account Total $ $55.92 $ Account: Prepaid Insurance: Workers Compensation Beginning Balance $ /31/2016 GL Allocate Liab/Prop & WC $59.17 $ Account Total $0.00 $59.17 $ Account: Accounts Payable Posting Source Description Date Beginning Balance Long Desc. Cost Center Debit Credit Balance ($2,649.79) 12/7/2016 AP Aquatic Systems, Inc., Invoice #: $ ($2,853.79) 12/7/2016 AP Fieldstone Landscape Services, LLC, Invoice #: $1, ($4,498.25) 12/7/2016 AP Payment: Aquatic Systems, Inc., Check #: , Invoice #: Nov Lake Maintenance $ ($4,294.25) 12/7/2016 AP Payment: Fieldstone Landscape Services, LLC, Check #: Nov Lawn , Invoice #: Maintenance $1, ($2,649.79) 12/8/2016 AP Duke Energy, Invoice #: $37.55 ($2,687.34) 12/8/2016 AP Duke Energy, Invoice #: $18.44 ($2,705.78) 12/8/2016 AP Duke Energy, Invoice #: $19.75 ($2,725.53) 12/8/2016 AP Duke Energy, Invoice #: $44.94 ($2,770.47) 12/8/2016 AP Payment: Duke Energy, Check #: , Invoice #: Sept Street Lights $2, ($120.68) 12/8/2016 AP Payment: Duke Energy, Check #: , Invoice #: , , , ACH $ $ /20/2016 AP Duke Energy, Invoice #: $ ($358.44) 12/20/2016 AP Leland Management - T, Invoice #: M $ ($1,038.44) 12/20/2016 AP Leland Management - T, Invoice #: O $ ($1,351.99) 12/20/2016 AP Payment: Duke Energy, Check #: , Invoice #: Electric Common Area $ ($993.55) 12/20/2016 AP Payment: Leland Management - T, Check #: , Invoice #: M $ ($313.55) 12/20/2016 AP Payment: Leland Management - T, Check #: , Invoice Aug Office #: O Expense $ $ /20/2016 AP Advanced Insurance Underwriter, Invoice #: $4, ($4,660.82)

12 Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/ /20/2016 AP Payment: Advanced Insurance Underwriter, Check #: , Invoice #: $4, $ /22/2016 AP Duke Energy, Invoice #: $2, ($2,649.79) 12/22/2016 AP Duke Energy, Invoice #: $37.55 ($2,687.34) 12/22/2016 AP Duke Energy, Invoice #: $18.44 ($2,705.78) 12/22/2016 AP Duke Energy, Invoice #: $19.75 ($2,725.53) 12/22/2016 AP Duke Energy, Invoice #: $44.94 ($2,770.47) 12/27/2016 AP Payment: Duke Energy, Check #: , Invoice #: , , , ACH $ ($2,649.79) 12/31/2016 AP Fieldstone Landscape Services, LLC, Invoice #: $ ($2,760.74) Account Total $10, $10, ($2,760.74) Account: Prepaid Assessments Beginning Balance ($89.70) 12/7/2016 AR Payment Received $2, ($2,189.70) 12/19/2016 AR Payment Received $8, ($10,589.70) 12/20/2016 Deposit (Batch #: 17515) $1, ($11,639.70) 12/21/2016 AR Payment Received $3, ($14,789.70) 12/22/2016 AR Payment Received $4, ($18,989.70) 12/23/2016 AR Payment Received $7, ($26,339.70) 12/28/2016 AR Payment Received $7, ($33,689.70) 12/29/2016 AR Payment Received $4, ($37,889.70) 12/30/2016 AR Payment Received $2, ($39,989.70) Account Total $0.00 $39, ($39,989.70) Account: Deferred Assessments Beginning Balance ($7,525.00) 12/31/2016 GL Allocate Assessments $7, $0.00 Account Total $7, $0.00 $0.00 Account: Reserves - Working Capital Beginning Balance ($121,013.44) 12/31/2016 GL Year-End Interest Allocation $ ($121,214.06) Account Total $0.00 $ ($121,214.06) Account: Interest on Reserve Acct Beginning Balance ($180.08) 12/31/2016 GL Allocate Reserve Interest $20.54 ($200.62) 12/31/2016 GL Year-End Interest Allocation $ $0.00 Account Total $ $20.54 $0.00 Account: Prior Years Earnings Beginning Balance ($27,061.32) Account Total $0.00 $0.00 ($27,061.32) Account: Assessment Income Beginning Balance ($82,775.00) 12/31/2016 GL Allocate Assessments $7, ($90,300.00)

13 Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/2016 Account Total $0.00 $7, ($90,300.00) Account: Interest on Delinquent Balance Beginning Balance ($20.36) Account Total $0.00 $0.00 ($20.36) Account: Interest on Operating Acct Beginning Balance ($65.15) 12/31/2016 Bank Statement Interest $3.99 ($69.14) Account Total $0.00 $3.99 ($69.14) Account: Interest on Reserve Acct Beginning Balance ($180.08) 12/31/2016 Bank Statement Interest $20.54 ($200.62) Account Total $0.00 $20.54 ($200.62) Account: Allocate Reserve Interest Beginning Balance $ /31/2016 GL Allocate Reserve Interest $20.54 $ Account Total $20.54 $0.00 $ Account: Accounting Fees / Tax Preparation Beginning Balance $ Account Total $0.00 $0.00 $ Account: Postage / Copies / Supplies Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $1, Leland Management - T, Invoice #: O; Nov Office Aug Office 12/20/2016 AP $ $1, Expense Expense Account Total $ $0.00 $1, Account: Insurance Liability / Property Beginning Balance $3, /31/2016 GL Allocate Liab/Prop & WC $ $3, Account Total $ $0.00 $3, Account: Insurance D & O Beginning Balance $ /31/2016 GL Allocate Liab/Prop & WC $ $1,054.15

14 Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/2016 Account Total $ $0.00 $1, Account: Management Fees Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $7, Leland Management - T, Invoice #: M; Dec Management 12/20/2016 AP $ $8, Fee Account Total $ $0.00 $8, Account: Corporate Annual Report Beginning Balance $61.25 Account Total $0.00 $0.00 $61.25 Account: Miscellaneous Beginning Balance $ Account Total $0.00 $0.00 $ Account: Grounds Maintenance Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $18, Fieldstone Landscape Services, LLC, Invoice #: 17424; Dec Nov Lawn 12/7/2016 AP $1, $19, Lawn Mainteance Maintenance Account Total $1, $0.00 $19, Account: Landscaping Replacement / Enhancement Beginning Balance $4, Account Total $0.00 $0.00 $4, Account: Irrigation - Repairs / Maintenance Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $ Fieldstone Landscape Services, LLC, Invoice #: 17563; Irrigation 12/31/2016 AP $ $ Repairs Account Total $ $0.00 $ Account: Lakes / Ponds / Waterways Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $2, Aquatic Systems, Inc., Invoice #: ; Dec Lake Nov Lake 12/7/2016 AP $ $2, Maintenance Maintenance Account Total $ $0.00 $2,620.93

15 Account: Lighting / Electrical - Repairs Thurston Groves Homeowners Association, Inc. General Ledger Report 12/1/ /31/2016 Beginning Balance $1, Account Total $0.00 $0.00 $1, Account: General Repairs / Maintenance Beginning Balance $1, Account Total $0.00 $0.00 $1, Account: Electricity - Common Areas Posting Date Source Description Long Desc. Cost Center Debit Credit Balance Beginning Balance $4, /8/2016 AP Duke Energy, Invoice #: ; Electric - Entrance Electric - Entrance $37.55 $4, /8/2016 AP Duke Energy, Invoice #: ; Electric - Meter A Electric - Meter A $18.44 $4, /8/2016 AP Duke Energy, Invoice #: ; Electric - Meter B Electric - Meter B $19.75 $4, /8/2016 AP Duke Energy, Invoice #: ; Electric - Entrance ACH $44.94 $4, /20/2016 AP Duke Energy, Invoice #: ; Electric - Common Electric - Common Area Area $ $4, /22/2016 AP Duke Energy, Invoice #: ; Electric - Entrance Electric - Entrance $37.55 $4, /22/2016 AP Duke Energy, Invoice #: ; Electric - Meter A Electric - Meter A $18.44 $4, /22/2016 AP Duke Energy, Invoice #: ; Electric - Meter B Electric - Meter B $19.75 $4, /22/2016 AP Duke Energy, Invoice #: ; Electric - Entrance ACH $44.94 $4, Account Total $ $0.00 $4, Account: Electricity - Street Lights Beginning Balance $25, /22/2016 AP Duke Energy, Invoice #: ; Dec Street Lights Sept Street Lights $2, $28, Account Total $2, $0.00 $28,208.94

19 Thurston Groves HOA Reconciliation Report Alliance Bank - Operating Account - Alliance-1001 Statement Balance: $71, Statement Date: 12/31/2016 GL Balance: $71, Last Statement Balance: $42, Outstanding Checks: $ Outstanding Deposits: $0.00 Calculated Balance: $71, GL vs. Balance Difference: $0.00 Outstanding Checks Description Date Check # Amount Payment: Grime Fighters of Tampa Bay, Inc, Check #: , Invoice #: /11/ $99.00 Payment: Duke Energy, Check #: , Invoice #: , , - 12/27/ , $ Total Outstanding Checks: $ Deposits Description Date Amount Total Outstanding Deposits: $0.00

22 Thurston Groves HOA Reconciliation Report Alliance Bank - Reserve Money Market - Alliance-1100 Statement Balance: $96, Statement Date: 12/31/2016 GL Balance: $96, Last Statement Balance: $96, Outstanding Checks: $0.00 Outstanding Deposits: $0.00 Calculated Balance: $96, GL vs. Balance Difference: $0.00 Outstanding Checks Description Date Check # Amount Total Outstanding Checks: $0.00 Deposits Description Date Amount Total Outstanding Deposits: $0.00

CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC.

CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. FINANCIAL STATEMENTS For the period ending December 31, 2016 FOR MANAGEMENT PURPOSES ONLY Notes: 1. Please note that effective January 1, 2013 - for all accounts,