AOAO Hale Kamaole Profit & Loss Budget vs. Actual January 2014

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1 Ordinary Income/Expense Income 4000 Operating Revenues AOAO Hale Kamaole I & E Jan 14 Budget $ Over Budget 4010 Maintenance Fee $ 87,848 $ 87,767 $ Late Fees Laundry Receipts - 95 (95) 4100 Vending Receipts (8) 4140 Rent Receipts 9,028 1,825 7, GET - Gen. Excise Tax TAT - Trans. Accomm.Tax Storage Receipts Services Electricity Income 1,169 1,280 (111) 4400 Cable TV Receipts 5,748 5,748 - Total 4000 Operating Revenues $ 105,642 $ 97,103 $ 8, Non-Operating Revenues 4510 Int/ Div Income, Reserve Acct $ 32 $ 15 $ Merril Lynch Dividend Income Total 4500 Non-Operating Revenues $ 192 $ 20 $ 172 Total Income $ 105,834 $ 97,123 $ 8,711 Gross Profit $ 105,834 $ 97,123 $ 8,711 Expense 5100 Administration 5110 Administrative, General $ 168 $ 250 $ (82) 5120 Admin,Tel Answering Svc Admin,Postage/Shipping Admin,Office Supplies - 25 (25) 5160 Admin,Board Meeting Exp (350) 5190 Admin - Unit 161 Expenses 2, Contingency - 50 (50) 5180 Fire Damage - March 2013 (72) Total 5100 Administration $ 3,055 $ 970 $ 2, Utilities 5210 Electricity,Common $ 6,561 $ 6,092 $ Water,Common 4,606 5,056 (450) 5230 Sewer,Common 8,207 7,181 1, Telephone,General Gas,Common Television,Cable Contract 5,290 4,

2 I & E Jan 14 Budget $ Over Budget Total 5200 Utilities $ 24,811 $ 23,471 $ 1, Repairs & Maintenance 5310 Exterminating,Pest Control $ 722 $ 826 $ (104) 5320 Refuse Removal Contract 2,462 2,655 (193) 5330 Custodial, Contract 16,989 16,989 (0) 5340 Repairs/Mtce,General 8,850 5,583 3, Repairs/Mtce,Grounds 2,515 3,000 (485) 5344 Repairs/Mtce, Landscaping Contr 9,743 9,743 (0) 5345 Repairs/Mtce,Window Cleaning - 3,000 (3,000) 5346 Repairs/Mtce,Contingency (500) 5360 Elevator,Contract Services (9) 5370 Pool Repair (250) 5375 Pool Supplies (227) 5385 Tennis Court Cleaning Contract Total 5300 Repairs & Maintenance $ 42,090 $ 43,591 $ (1,501) 5400 Taxes & Loans & Dues 5410 Taxes,General Excise $ 401 $ 100 $ Taxes, Transient Accommod. Tax 835 Total 5400 Taxes & Loans & Dues $ 1,236 $ 100 $ 1, Professional Services 5520 Fiscal Services $ 2,865 $ 2,982 $ (117) 5530 Legal Fees,Common 3, , Insurance Comp / Liab Insurance,Fidelity Bond (1) 5553 Insurance, Property 7,397 5,828 1, Insurance,Umbrella Liability (1) 5555 Insurance, D & O (0) Total 5500 Professional Services $ 14,432 $ 9,908 $ 4, Reserve Transfer Expense $ 23,072 $ 23,073 $ (1) 5610 Reserve Interest Transfer Exp Reserve Dividend Transfer Exp. 160 Total Expense $ 108,888 $ 101,133 $ 7,755 Net Ordinary Income $ (3,054) $ (4,010) $ 956 Other Income/Expense Other Income 6000 Reserve Funds-From Operating $ 23,072 $ 23,073 $ (1) 6200 Reserve Funds-From Interest Reserve - Merril Lynch Income 160

3 I & E Jan 14 Budget $ Over Budget Total Other Income $ 23,264 $ 23,093 $ 171 Other Expense 7000 Non-Operating Expenses 7100 Reserve Exp-Post & Pillars $ - $ 2,084 $ (2,084) 7102 Reserve Exp-Lanai Beams - 2,084 (2,084) 7103 Security & Fire Systems (292) 7105 Reserve Exp-Contingency - 1,000 (1,000) 7115 Reserve Exp-Parking Bumpers (150) 7135 Reserve Exp-Solar/Water Heater (375) Total 7000 Non-Operating Expenses $ - $ 5,985 $ (5,985) Total Other Expense $ - $ 5,985 $ (5,985) Net Other Income $ 23,264 $ 17,108 $ 6,156 Net Income $ 20,209 $ 13,098 $ 7,111

4 I & E Ordinary Income/Expense Income 4000 Operating Revenues 4010 Maintenance Fee 4070 Late Fees 4090 Laundry Receipts 4100 Vending Receipts 4140 Rent Receipts 4145 GET - Gen. Excise Tax 4146 TAT - Trans. Accomm.Tax 4170 Storage Receipts 4210 Services 4300 Electricity Income 4400 Cable TV Receipts Total 4000 Operating Revenues % of Budget % 84% 495% 10 91% % 4500 Non-Operating Revenues 4510 Int/ Div Income, Reserve Acct 4530 Merril Lynch Dividend Income Total 4500 Non-Operating Revenues % 958% Total Income 109% Gross Profit 109% Expense 5100 Administration 5110 Administrative, General 5120 Admin,Tel Answering Svc 5130 Admin,Postage/Shipping 5140 Admin,Office Supplies 5160 Admin,Board Meeting Exp 5190 Admin - Unit 161 Expenses 5197 Contingency 5180 Fire Damage - March 2013 Total 5100 Administration 67% % 12% 315% 5200 Utilities 5210 Electricity,Common 5220 Water,Common 5230 Sewer,Common 5240 Telephone,General 5260 Gas,Common 5280 Television,Cable Contract 108% 91% 114% 101% 121% 106%

5 Total 5200 Utilities I & E % of Budget 106% 5300 Repairs & Maintenance 5310 Exterminating,Pest Control 5320 Refuse Removal Contract 5330 Custodial, Contract 5340 Repairs/Mtce,General 5342 Repairs/Mtce,Grounds 5344 Repairs/Mtce, Landscaping Contr 5345 Repairs/Mtce,Window Cleaning 5346 Repairs/Mtce,Contingency 5360 Elevator,Contract Services 5370 Pool Repair 5375 Pool Supplies 5385 Tennis Court Cleaning Contract Total 5300 Repairs & Maintenance 87% 93% % 84% 10 99% 35% 10 97% 5400 Taxes & Loans & Dues 5410 Taxes,General Excise 5415 Taxes, Transient Accommod. Tax Total 5400 Taxes & Loans & Dues 401% 1236% 5500 Professional Services 5520 Fiscal Services 5530 Legal Fees,Common 5550 Insurance Comp / Liab 5552 Insurance,Fidelity Bond 5553 Insurance, Property 5554 Insurance,Umbrella Liability 5555 Insurance, D & O Total 5500 Professional Services 96% 3174% 10 98% 127% % 5600 Reserve Transfer Expense 5610 Reserve Interest Transfer Exp Reserve Dividend Transfer Exp. Total Expense % 108% Net Ordinary Income 76% Other Income/Expense Other Income 6000 Reserve Funds-From Operating 6200 Reserve Funds-From Interest 6300 Reserve - Merril Lynch Income %

6 I & E % of Budget Total Other Income 101% Other Expense 7000 Non-Operating Expenses 7100 Reserve Exp-Post & Pillars 7102 Reserve Exp-Lanai Beams 7103 Security & Fire Systems 7105 Reserve Exp-Contingency 7115 Reserve Exp-Parking Bumpers 7135 Reserve Exp-Solar/Water Heater Total 7000 Non-Operating Expenses Total Other Expense Net Other Income 136% Net Income 154%