CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC.

Transcription

1 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, for all accounts, FDIC coverage is $250,000 per depositor at FDIC insured institutions. 2. Financial information is provided for owners who are members of this association only. The information is believed to be accurate as of the date the documents are posted. Any owner receiving this information shall not use the information in any way which is inconsistent with the requirements of governing state or federal law.

2 01/17/2017 4:43:33 PM Standard_Balance_Sheet 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. 12/31/2016 FIRSTSERVICE RESIDENTIAL C/O FIRSTSERVICE RESIDENTIAL Hollywood FL Account Description As of Prior Month Inc/(Dec) Dec ASSETS **CURRENT ASSETS Cash-Operating - Bank United 296, ,205 77, Accounts Receivable 70,325 67,216 3, Developer Receivable 12,936 12, Allowance/Bad Debts (24,293) (23,876) (417) Prepaid Insurance 4,862 6,118 (1,256) Prepaid Expenses 0 5 (5) A/P Clearing 0 4,112 (4,112) A/R Clearing (2,278) (4,628) 2,350 **TOTAL CURRENT ASSETS $357,719 $280,089 $77,630 **OTHER ASSETS Utility Deposits 10,972 10,972 0 **TOTAL OTHER ASSETS $10,972 $10,972 $0 **TOTAL ASSETS $368,691 $291,061 $77,630 LIABILITIES **CURRENT LIABILITIES Accounts Payable 79,267 15,237 64, Collection Fees due (1,080) 0 (1,080) Accrued Expenses 25,319 21,430 3, Security Deposits Prepaid Assessments 44,152 35,432 8,720 **TOTAL CURRENT LIABILITIES $148,157 $72,599 $75,559 **TOTAL LIABILITIES $148,157 $72,599 $75,559 EQUITY **MEMBERS EQUITY Capital Contribution 2,318 2, Fund Balance 194, ,270 0 Current Year Net Income/(Loss) $23,945 $21,874 $2,071 **TOTAL MEMBERS EQUITY $220,534 $218,462 $2,071 **TOTAL LIABILITIES & EQUITY $368,691 $291,061 $77,630 Page 1 of 1

3 01/17/2017 4:43:15 PM Income Statement Budget vs Actual 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. 12/31/2016 FIRSTSERVICE RESIDENTIAL C/O FIRSTSERVICE RESIDENTIAL Hollywood FL Account Description Dec Actual Dec Budget Dec Variance YTD Actual YTD Budget Variance **REVENUE Owner Assessments 68,046 68,047 (1) 816, , Late Fee Income 1, ,500 14, , Legal Fee Income Returned Check Fees , , Screening Fees 2, ,500 15, , Gate/Key Cards Violation Fees , , Late Fee Interest , , Clubhouse Fee , , Miscellaneous Income Administrative Fee - Reminder Letter , , Administrative Fee - Demand Letter , , Administrative Fee - ATP **TOTAL REVENUE $73,614 $68,047 $5,567 $879,908 $816,564 $63,344 EXPENSES **ADMINISTRATIVE Accounting Fees ,256 5, Bad Debts ,004 5, Bank Charges (770) Legal Fees ,732 2,004 (1,728) License,Taxes,Permit (450) License,Taxes,Permit - Pool/Spa (125) Corporate Annual Rep Management Collected Fees ,556 0 (6,556) Office Supplies ,380 3,000 (380) Printing And Postage (529) 2,194 1,200 (994) Screening Fees 1,875 0 (1,875) 9,065 0 (9,065) **TOTAL ADMINISTRATIVE $3,586 $1,378 ($2,208) $36,594 $16,536 ($20,058) **PROPERTY INSURANCE Property & Liability 1,061 1, ,823 12,732 (91) Umbrella Insurance ,226 1, Directors & Officers (13) 1, (87) Fidelity Bond **TOTAL PROPERTY INSURANCE $1,256 $1,275 $19 $15,084 $15,300 $216 **UTILITIES Electricity 6,059 4,667 (1,392) 54,062 56,004 1, Water & Sewer ,144 1, **TOTAL UTILITIES $6,103 $4,792 ($1,311) $55,206 $57,504 $2,298 **CONTRACTS Administrative Asst. Service 1,839 1,404 (435) 1,839 16,848 15, Alarm Services 9,566 9,545 (21) 114, ,540 (14) Cable Television 31,390 30,693 (697) 376, ,316 (8,360) Front Desk Service 1,130 2, ,556 25,272 (11,284) Health Benefits ,819 7,500 1, Janitorial Service 2,167 2,106 (61) 25,817 25,272 (545) Page 1 of 2

4 01/17/2017 4:43:15 PM Income Statement Budget vs Actual 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. 12/31/2016 FIRSTSERVICE RESIDENTIAL C/O FIRSTSERVICE RESIDENTIAL Hollywood FL Account Description Dec Actual Dec Budget Dec Variance YTD Actual YTD Budget Variance Lawn Service Common 8,006 8, ,072 98,400 2, Management Services 2,508 2, ,906 30, Pool/Spa Contract ,520 5, Security Services - Towing (325) 2,391 2,196 (195) Trash Removal (464) **TOTAL CONTRACTS $58,029 $57,830 ($199) $695,615 $693,960 ($1,655) **REPAIRS/MAINTENANCE Repairs/Maintenance (2,525) 0 2, Repairs/Maintenance Misc. 4,145 1,002 (3,143) 9,049 12,024 2, R&M Equip. - Exercise (169) (218) R&M - Pool ,676 1,500 (1,176) Landscaping Extras , (535) Tree Trim/Replace ,375 5,004 2, Access Cards ,004 1, Mulch/Soil Common ,996 9, R&M Janitorial Supplies (759) 1,401 0 (1,401) Irrigation Maint , **TOTAL REPAIRS/MAINTENANCE $2,569 $2,773 $204 $18,653 $33,276 $14,623 **PRIOR YEAR ACTIVITY Prior Year Expense ,812 0 (34,812) **TOTAL PRIOR YEAR ACTIVITY $0 $0 $0 $34,812 $0 ($34,812) **TOTAL EXPENSES $71,543 $68,048 ($3,495) $855,963 $816,576 ($39,387) NET INCOME/(LOSS) $2,071 ($1) $2,072 $23,945 ($12) $23,957 Page 2 of 2

5 01/17/2017 1:13:46 PM Prepaid Insurance Schedule Report 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. Month ending December 31, 2016 Description Policy # From To Total Premium Paid To Date Included in A/P Total Expensed Prepaid Balance Property TBD 05/01/ /30/ , , , , Directors & Officers TBD 05/01/ /30/2017 1, , Umbrella TBD 05/01/ /30/2017 1, , Crime TBD 05/01/ /30/ Total 14, , , , Expense for the Month Remaining Prepaid Comments Description Policy # Days Per Day Adjustment Total Days Months Property TBD , Directors & Officers TBD Umbrella TBD Crime TBD Total , Page 1 of 1

6 01/17/2017 1:37:59 PM Prepaid Expenses Schedule Report 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. Month ending December 31, 2016 Description GL Account From To Total Amount Total Exp. Prepaid Balance Long Term Entries 2016 Corporate Annual Report /01/ /31/ Total Page 1 of 1

7 Century Gardens Homeowner's Association, Inc. Schedule of Open Invoice (Additional Report) December 31, 2016 Acct Payable -(GL 20000) 122, (Report to follow) Total $ 122, Reconciliation Items: Voucher FPL (903.94) Voucher FPL (930.74) Voucher Alarm Monitoring - Jan 2017 Svc (9,565.80) Voucher Cable - Optical Tel - Jan 2017 Svc (32,129.58) Total $ 79,266.80

8 01/17/2017 8:57:32 AM Open Invoice Report As Of 12/31/2016 Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv Days Inv Date Due Date Description Bank Code For Entity: CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC Regular /09/2016 AMERICAN POOL SERVICE INC No /01/ /01/ Pool contract OPR4 BANK UNITED OPR 0TB Security Services Regular /16/2016 APEX MIAMI LOCKSMITH No /02/ /02/2016 Lock repair OPR4 BANK UNITED OPR 0TB Repairs/Maintenance Regular /16/2016 CITY MAINTENANCE SUPPLY No /09/ /09/2016 Janitorial supplies OPR4 BANK UNITED OPR 0TB R&M Janitorial Supplies Regular /16/2016 DADE EQUIPMENT GOLF CARTS No 1, , /16/ /16/2016 DELIVER TO RD HOME OFFICE Golf cart repairs OPR4 BANK UNITED OPR 0TB Repairs/Maintenance 1, , Regular SC /05/2016 DIXIE LANDSCAPE COMPANY I No 8, , /01/ /31/2016 FSRE OPR4 BANK UNITED OPR 0TB Lawn Service Common 8, , Regular /28/2016 ECOLAWN, INC. No 1, , /10/ /10/2016 OPR4 BANK UNITED OPR 0TB Tree Trim/Replace 1, , Regular /28/2016 FIRSTSERVICE RESIDENTIAL, No /18/ /18/ TB8 OPR4 BANK UNITED OPR 0TB On Site Management Regular /28/2016 FIRSTSERVICE RESIDENTIAL, No /21/ /21/ TB8 OPR4 BANK UNITED OPR 0TB Printing And Postage Regular /05/2016 FIRSTSERVICE RESIDENTIAL, No 2, , /01/ /01/ TB8 OPR4 BANK UNITED OPR 0TB Management Services 2, , Regular /09/2016 FIRSTSERVICE RESIDENTIAL, No /02/ /02/ TB8 Front desk OPR4 BANK UNITED OPR 0TB Administrative Asst. Serv Page 1 of 4

9 01/17/2017 8:57:32 AM Open Invoice Report As Of 12/31/2016 Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv Days Inv Date Due Date Description Bank Code Regular /22/2016 FIRSTSERVICE RESIDENTIAL, No /16/ /16/ TB8 Front desk OPR4 BANK UNITED OPR 0TB Administrative Asst. Serv Regular /22/2016 FIRSTSERVICE RESIDENTIAL, No 1, , /20/ /20/ TB8 Collection letters OPR4 BANK UNITED OPR 0TB Collection Fees due 1, , Regular /22/2016 FIRSTSERVICE RESIDENTIAL, No /21/ /21/ TB8 Printing OPR4 BANK UNITED OPR 0TB Printing And Postage Regular /14/2016 FLORIDA POWER & LIGHT No 6, , /04/ /04/ /06-11/04 OPR4 BANK UNITED OPR 0TB Electricity 6, , Regular /14/2016 FLORIDA POWER & LIGHT No /04/ /04/ /06-11/04 OPR4 BANK UNITED OPR 0TB Electricity Regular /22/2016 FLORIDA POWER & LIGHT No /08/ /08/ /04-12/08 Electricity OPR4 BANK UNITED OPR 0TB Electricity Regular /16/2016 FPL No 3, , /06/ /06/ /04-12/06 Electrical OPR4 BANK UNITED OPR 0TB Electricity 3, , Regular /16/2016 FPL No /06/ /06/ /04-12/06 Electricity OPR4 BANK UNITED OPR 0TB Electricity Regular /05/2016 GLOBAL BACKGROUND ANALYSI No /30/ /30/2016 OPR4 BANK UNITED OPR 0TB Screening Fees Regular /07/2016 GYM SOURCE No /01/ /01/ A Gym equipment repairs OPR4 BANK UNITED OPR 0TB Equip. Contract Regular 0TB8RR OPR4 11/14/2016 JUAN CARLOS TRONCOSO No 4, , Page 2 of 4

10 01/17/2017 8:57:32 AM Open Invoice Report As Of 12/31/2016 Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv Days Inv Date Due Date Description Bank Code 11/10/ /10/2016 REFUND PREVIOUS OWNER OPR4 BANK UNITED OPR 0TB A/R Clearing 4, , Regular /28/2016 MINECHO SERVICES LLC No /24/ /24/2016 OPR4 BANK UNITED OPR 0TB Janitorial Service Regular /28/2016 MINECHO SERVICES LLC No /14/ /14/2016 OPR4 BANK UNITED OPR 0TB On Site Management Regular /28/2016 MINECHO SERVICES LLC No 2, , /25/ /25/2016 OPR4 BANK UNITED OPR 0TB Janitorial Service 2, , Regular /28/2016 OPTICALTEL No 31, , /01/ /01/ OPR4 BANK UNITED OPR 0TB Cable Television 31, , Regular /22/2016 OPTICALTEL No 32, , (1) 01/01/ /01/ Cable OPR4 BANK UNITED OPR 0TB Cable Television 32, , Regular /09/2016 SECURITY WATCH GROUP, LLC No /01/ /01/2016 Towing enforcement OPR4 BANK UNITED OPR 0TB Security Services Regular 0TB8RR OPR4 12/13/2016 STEPHANIE CARVAJAL No /06/ /06/2016 DELIVER TO RD HOME OFFICE REFUND OVER PAYMENT OPR4 BANK UNITED OPR 0TB A/R Clearing Regular R /28/2016 UNITED COMM.& PROTECTION No 9, , /21/ /21/2016 D OPR4 BANK UNITED OPR 0TB Alarm Services 9, , Regular R /27/2016 UNITED COMM.& PROTECTION No 9, , /20/ /20/2016 D Alarm monitoring OPR4 BANK UNITED OPR 0TB Alarm Services 9, , Page 3 of 4

11 01/17/2017 8:57:32 AM Open Invoice Report As Of 12/31/2016 Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv Days Inv Date Due Date Description Bank Code Vendor Totals Invoices: 122, , Credits: Checks: Page 4 of 4

12 01/17/2017 1:37:32 PM Accrued Expenses Schedule Report 0TB8 CENTURY GARDENS HOMEOWNERS ASSOCIATION, INC. Month ending December 31, 2016 Description Invoice Amount From To Account Number Days Calculated Amount Accounting Fees , /01/ /31/ , Accounting Fees , /01/ /31/ , Accounting Fees , /01/ /31/ , Health Benefits- FirstService Residential Water & Sewer Qrtly 4, /01/ /31/ , /02/ /08/ Screening Fees Accrued /01/ /30/ Water & Sewer Qrtly Administrative Asst. Service - First Service Residential Front Desk Service - Minecho Service Front Desk Service - Minecho Service Front Desk Service - Minecho Service /08/ /02/ /10/ /23/ /13/ /20/ /27/ /04/ /11/ /24/ Office Supplies - Staples /01/ /31/ Screening Fees - Global Background Analysis /01/ /31/ Total 25, Page 1 of 1