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1 Accrual Basis October 2014 Oct 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 (134.77) 65.6% Finance charges and late fees (48.93) 88.3% Total Interest & finance charges (183.70) 77.3% Other fees and revenues Wireless Internet fees (250.00) Misc income 1, , % Total Other fees and revenues 1, , (250.00) 80.0% Total Income 126, , (433.70) 99.7% Gross Profit 126, , (433.70) 99.7% Expense Administrative costs Bank and credit card fees Bank fees (27.95) 86.0% Mastercard/VISA fees Total Bank and credit card fees (7.95) 96.0% Professional fees Legal fees 1, , % Audit and Accounting Fees , (850.00) 50.0% Total Professional fees 2, , (494.00) 81.7% Miscellaneous admin costs Office Supplies (194.56) 2.7% Computer Repair (100.00) License/Fees/Dues % Newsletter Postage & Mailing (121.40) 19.1% Miscellaneous, other % Holiday Decorations Lobby Flowers 4, , % Bad Debt % Trustee Expense Total Miscellaneous admin costs 5, , , % Management Fee 5, , % Insurance expense 6, , % Total Administrative costs 20, , , % RVMA Dues 8, , % Owner Services Allocation HOA Governance Allocation Housekeeping Housekeeping wages 4, , % Employee Taxes & benefits-hk Housekeeping Supplies 1, , % Laundry of Pool Towels (153.20) 38.7% Total Housekeeping 6, , , % Maintenance and security Maint wages, taxes & benefits Maintenance wages 14, , (2,683.60) 84.2% Total Maint wages, taxes & benefits 14, , (2,683.60) 84.2%

2 Accrual Basis October 2014 Oct 14 Budget $ Over Budget % of Budget Repairs, maintenance & suppli Programmed Maintenance 3, , % Grounds and parking 1, Carpet Cleaning Common areas, walls 1, ,061.8% Elevators, escalators & stair 1, % Supplies-Pool % Pest Control 1, Supplies- Building 1, (1,700.00) Supplies- Equipment (250.00) Supplies- Grounds & parking , (200.00) 80.0% Supplies-Electric (32.94) 86.8% Supplies-Operating (17.93) 92.8% Supplies-Plumbing , (982.64) 1.7% Total Repairs, maintenance & suppli 10, , , % 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 28, , , % Utilities Gas - lodge and pool 5, , (2,151.94) 72.4% Electricity 14, , (652.03) 95.7% Water 6, , (358.24) 94.8% Sewer and septic 5, , (74.82) 98.6% Telephone % Telephone recovery from monthly billouts - $22/unit Cable television/satellite 2, , % Internet Expense 2, , , % Total Utilities 37, , (1,748.02) 95.6% Total Expense 102, , , % Net Ordinary Income 24, , (5,682.89) 81.1% 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 2, , (5,638.20) 29.5% Page 2

3 5:07 PM SUNDIAL HOMEOWNERS ASSOCIATION Accrual Basis May through October 2014 May - Oct 14 Budget $ Over Budget % of Budget Ordinary Income/Expense Income Dues and assessments-qrtrly Member Dues 629, , % Member dues Retail/Commercial Dues 95, , (0.02) 100.0% ASRL Contribution 23, , % Total Dues and assessments-qrtrly 748, , (0.02) 100.0% Interest & finance charges Interest inc-operating fund 2, , % Finance charges and late fees , (1,600.61) 36.0% Total Interest & finance charges 3, , (1,313.54) 72.9% Other fees and revenues Vending income Wireless Internet fees , (1,381.92) 7.9% Misc income 6, , % Total Other fees and revenues 6, , (1,336.60) 82.2% Total Income 758, , (2,650.16) 99.7% Gross Profit 758, , (2,650.16) 99.7% Expense Administrative costs Bank and credit card fees Bank fees 1, , (94.78) 92.1% Mastercard/VISA fees Total Bank and credit card fees 1, , (14.08) 98.8% Professional fees Legal fees 7, , , % Audit and Accounting Fees 12, , (1,150.00) 91.5% Total Professional fees 20, , % Miscellaneous admin costs Office Supplies , (252.66) 75.5% Computer Repair (8.35) 97.2% License/Fees/Dues (757.93) 18.1% Newsletter Postage & Mailing % Miscellaneous, other 1, , (9,510.70) 10.3% Holiday Decorations Lobby Flowers 4, , , % Bad Debt 1, , % Trustee Expense 6, , (1,269.91) 83.3% Total Miscellaneous admin costs 16, , (9,516.65) 62.9% Management Fee 34, , % Insurance expense 40, , % Total Administrative costs 112, , (8,909.18) 92.7% RVMA Dues 53, , % Owner Services Allocation HOA Governance Allocation Housekeeping Housekeeping wages 36, , , % Employee Taxes & benefits-hk Housekeeping Supplies 7, , , % House Keeping Misc. Laundry of Pool Towels 2, , (1,847.60) 58.5% Window Cleanng 3, Total Housekeeping 50, , , % Maintenance and security Maint wages, taxes & benefits Maintenance wages 112, , , % Total Maint wages, taxes & benefits 112, , , %

4 5:07 PM SUNDIAL HOMEOWNERS ASSOCIATION Accrual Basis May through October 2014 May - Oct 14 Budget $ Over Budget % of Budget Repairs, maintenance & suppli Programmed Maintenance 14, , % Grounds and parking 1, Carpet Cleaning (250.00) Common areas, walls 5, , % Elevators, escalators & stair 4, , % Supplies-Pool 5, , (4,681.63) 51.9% Spa Chemicals Pest Control 1, Supplies- Building , (11,124.17) 7.3% Supplies- Equipment 1, (1,510.00) Supplies- Grounds & parking 3, , (2,807.85) 53.2% Supplies-Electric 4, , , % Supplies-Operating , (1,130.86) 24.6% Supplies-Plumbing 1, , (4,614.76) 23.1% Painting & Supplies Total Repairs, maintenance & suppli 43, , (13,678.82) 76.1% Snow & trash removal Snow Removal Trash and refuse removal 3, , (310.00) 92.6% Total Snow & trash removal 3, , (310.00) 92.6% Security and safety costs Security wages 10, , , % Security Systems 10, , , % Total Security and safety costs 20, , , % Total Maintenance and security 180, , , % Utilities Gas - lodge and pool 29, , (1,314.61) 95.8% Electricity 93, , (111.56) 99.9% Water 39, , (2,149.44) 94.8% Sewer and septic 30, , (420.76) 98.7% Telephone 4, , % Telephone recovery from monthly billouts - $22/unit (792.00) (792.00) 100.0% Cable television/satellite 14, , % Internet Expense 11, , , % Total Utilities 223, , (2,077.66) 99.1% Total Expense 620, , , % Net Ordinary Income 137, , (28,736.86) 82.7% Other Income/Expense Other Income Reserve for replacements-dnp Qtry Reserve Assessments (126,132.00) (126,132.00) 100.0% Special Reserve Assessments (5,701.86) (5,970.00) % Total Reserve for replacements-dnp (131,833.86) (132,102.00) % Total Other Income (131,833.86) (132,102.00) % Net Other Income (131,833.86) (132,102.00) % Net Income 5, , (28,468.72) 15.8% Page 2

5 5:10 PM SUNDIAL HOMEOWNERS ASSOCIATION 12/15/14 A/P Aging Summary As of October 31, 2014 Current > 90 TOTAL All Seasons Resort Lodging 38, , , American Hotel Register Co. 1, , Associates of Glens Falls (5,310.00) (5,310.00) Authnet Gateway Canyons Resorts Century Link Certified Fire Protection, Inc Flower Patch, Inc 3, , Grainger (114.49) (114.49) Home Depot Intermountain Aquatech Model Linen Supply Park City Nursery 1, , Peak Alarm Power Engineering Co., Inc. 1, , Questar Gas 5, , Summit Water Distribution Co 19, , Tyco Integrated Security (417.63) (417.63) Wasatch Lawn & Tree TOTAL 69, , (113.69)

6 12/15/14 Balance Sheet Accrual Basis As of October 31, 2014 Oct 31, 14 ASSETS Current Assets Checking/Savings Cash and cash equivalents Wells Fargo - Ops fund 67, Merrill Lynch MM RFR fund 737, Total Cash and cash equivalents 805, Total Checking/Savings 805, Accounts Receivable Accounts Receivable (179.87) Total Accounts Receivable (179.87) Other Current Assets Costs of inventory purchased for resale (334.00) Prepaid Expenses Prepaid exp - Snyderville Bas 4, Prepaid insurance 12, Prepaid Fees 1, Prepaid Expenses - Other (5,261.52) Total Prepaid Expenses 12, Interfund - Replacement fund (23,290.00) Total Other Current Assets (11,122.91) Total Current Assets 793, 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 810, LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable Accounts Payable- Vendors 111, Total Accounts Payable 111,741.13

7 12/15/14 Balance Sheet Accrual Basis As of October 31, 2014 Oct 31, 14 Other Current Liabilities Interfund - Operating fund (23,290.00) Other Accrued Expenses 12, Accrual for Bad Debt 9, Adv Deposit GO Room Improveme 1, Deferred Revenue 1, Total Other Current Liabilities Total Current Liabilities 112, Total Liabilities 112, Equity Operating Fund Balance 239, Retained Earnings (169,128.46) Reserve for Replacements Fund 704, Current Year Capital Expediture (208,578.54) Current Year Reserve Accrual 126, Net Income 5, Total Equity 698, TOTAL LIABILITIES & EQUITY 810, Page 2