Balance Sheet Friday September 30, 2011

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1 I ASSETS Current Assets Chase Checking ACH Firstbank Checking Reserve Accounts Liquid Assets IstBank IstBkLiqAcct (12/31/10) Interest Reserves Cur Yr Balance Sheet Friday September 30, 2011 Cottonwood Park Condos Accrual Accounting Year Starts January 1, 2011 Total Current Assets $12, $43, $105, $ Total Liquid Assets IstBank $105, $56, Certificates of Deposit Mile Hi 1 Yr CD 8/20/12 Total Certificates of Deposit $48, $48, Roof Deposits by Year Roof Funds 08 Deposit Roof Funds 09 Deposit Withdraw Roof Payments 09 Withdraw Roof Payments 10 Total Roof Deposits by Year $61, $18, ($46,000) ($25,000) $8, ;mber Receivables 'Current Fee Receivables M/R Dues M/R Assessment 2 Bedroom M/R Heat Charges M/R Hot Water Charges M/R Sewer Charges M/R Utility Metering M/R Violations/Fines M/Rx Late Fees M/Rx Repair Chg. to Owner Total Reserve Accounts Total Current Fee Receivables $4, $1, $ $ $ $85.04 $ $700 $ $8, $163, Owner Boiler Repay Assn. O/R Boiler Code Chg. O/R Code Chg Bill Owners O/R SeptBoiler Code Chg. O/R State Insp. changes O/R State Inspection Chg. Total Owner Boiler Repay Assn. ($66.45) ($2,191.80) ($2.70) $ $35.00 ($1,930.38) Other Assets Allowance for Bad Debt Prepaid Expenses Total Member Receivables Total Other Assets ($5,733.24) $4, $6, ($1,690.93) TOTAL ASSETS $224, LIABILITIES Current Liabilities Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 4:08 PM

2 Balance Sheet Friday September 30,2011 Cottonwood Park Condos (Continued) Accrual Accounting Year Starts January 1, 2011 LIABILITIES (Continued) Current Liabilities (Continued) Accounts Payable Prepaid Dues Credit Total Current Liabilities $17, $ $18, EQUITY Earnings Current Year Earnings Retained Earnings Capital Beg FB Reserve Beg FB-Operating Nl-Operating (Adj) Ni-Reserve Transfer- Reserve Transfers-Operating Working Capital TOTAL LIABILITIES Total Earnings Total Capital $25, $175, $98,570 ($112,082.00) $41, ($41,673.00) $2,713 ($2,713) $18, $18, $201, $5, TOTAL EQUITY $206, TOTAL LIABILITIES AND EQUITY $224, Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:08 PM

3 Revenue and Expenses Thursday September 1,2011 to Friday September 30, 2011 Cottonwood Park Condos Accrual Accounting Year Starts January 1,2011 INCOME Income Dues Monthly Heat Charge, Owners Hot Water Charges, Owners Late Fee Income Laundry Room Income Legal Fee Income Miscellaneous Income NSF Fee Sewer Charges Utility Metering Charge Violation/ Fines xfee- Administrative Total Income Current Percent Year To Date Percent $18, SO.OO S SI $ SO.OO SO.OO $ $430 $24, $168, $13, $5, $1,450 $5, $1, $2, $35.00 $30, $3, $100 $150 $232, Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income SO.OO $ $ $ serve Income -Interest 1 YrCD 150 Interest Liquid Assets Total Reserve Income $45.45 $28.28 $ $ $ $ TOTAL INCOME EXPENSES Expenses General & Admim. Expenses Accounting Bank Service Charge Insurance Insurance Claims Legal Expense Management Fee Miscellaneous Expense Office Supplies Expense Pest Control Snow Removal Taxes, Federal & State Trash Removal Web Site Setup & Maint. Total General & Admim. Expenses $24, $26.62 $1, $1,860 $ $ $ S8.82 $ $ $4, $234, $ $ $16, ($4,303.44) $1, $16,740 $ $1, $1, $5, $78.84 $7, $2 $47, ,andscape Expenses Grounds Repairs Landscape Contract Landscaping-Trees Sprinkler Repair $1, $1, $190 $8,3 $3,530 $6, Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 4:08 PM

4 Revenue and Expenses Thursday September 1,2011 to Friday September 30, 2011 Cottonwood Park Condos (Continued) Accrual Accounting Year Starts January 1,2011 Current Percent Year To Date Percent EXPENSES (Continued) Expenses (Continued) Total Landscape Expenses $2, $18, Maintenance Expenses Maint-Boiler & Heat Maint-Building Exterior Maint-Cleaning Maint-Decks Maint-Fences Maint-Lighting Maint-Roof Maint-Sewer Backups Maint-Sewer Lines Maint-Stairs Total Maintenance Expenses $3, $840 $ $ $5, $1, $7, $6,180 $ $42.00 $4, $ $1, $4, $ $26, Utility-Expenses Utilities-Electric Utilities-Gas Utilities-Sewer Utilities-Water Utility Billing Total Utility-Expenses $ $ $5, $ $6, $4, $17, $34, $21, $4, $82, Total Expenses $19, $175, Other Expenses Reserve Expenses Res. Cone. Walks Res. Pay Retaining wall Res. Pay Tennis Courts Res. Playground Maint. Res. Roof Replacement Total Reserve Expenses $5,250 $15, $9, $30, $4, $15, $4, $9, ($1,000) $33, Total Other Expenses $30, $33, TOTAL EXPENSES $49, $209, NET INCOME (LOSS) ($25,798.18) $25, Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:08 PM

5 Bank Account Activity Thursday September 1, 2011 to Friday September 30, 2011 Firstbank Checking 1 'heck C Date Description Withdrawal Deposit Balance 9/1/2011 Beginning Balance $75, X 9/1/ X 9/1/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/2/ X 9/4/2011 X 9/9/ X 9/11/ X 9/11/2011 ""99691 X 9/11/ X 9/11/ X 9/11/ X 9/11/ X 9/11/ X 9/11/ X 9/11/ X 9/12/ X 9/12/2011 X 9/16/ X 9/20/2011 X 9/23/ /27/ /27/ /27/ /27/ X 9/27/ /27/ /27/ X 9/27/ /27/ /27/2011 -^,2269 9/27/2011 """" /27/ /27/ /27/2011 Fair Energy New Level Managers CenturyLink Deposit 31 items McNally, Mark Miracle Recreation Equip. Deposit 24 items Western Disposal Deposit 19 items American Family Insurance Annie's Electric Crackerjack Mud Jacking Drain-Away Lovett Tree Company Max Pest Control New Level Managers New Level Managers Niwot Sanitation Renner Sports Surfaces Sam's Maintenance Screamin' Coyote Screamin' Coyote Sun &Shade Groundskeeping $ $1,860 $70.88 $36.32 $14.32 $ $24.28 $ $84.29 $42.94 $32.83 $ $79.18 $54.25 $53.91 $ $ $78.10 $29.22 $70.40 $ $ $ $1, $ $ $ $ $ $9, $ $1, $ $5,250 $ $3,530 $1 $ $ $6, $3, $ $2, $1, $2, $75, $73, $73, $73, $73, $73, $73, $73, $73, $72, $72, $72, $72, $72, $72, $72, $72, $72, $72, $7, $79, $79, $78, $78, $78, $76, $76, $75, $75, $75, $74, $65, $4, $70, $69, $4, $74, $72, $72, $66, $66, $63, $62, $62, $62, $55, $52, $52, $50, $48, $46,218 Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 4:07 PM

6 Bank Account Activity Thursday September 1,2011 to Friday September 30,2011 Firstbank Checking (Continued) "heck C Date /27/ X 9/27/2011 X 9/30/2011 Description Sun &Shade Groundskeeping Tancy Barnett Deposit 4 items Withdrawal $2,860 $840 Total for Firstbank Checking $50, $ 17, Deposit Balance $43,358 $42,518 $ $43, /30/2011 Ending Balance $43, Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 4:07 PM

7 Bank Reconciliation Firstbank Checking [Acct# ] on Friday September 30,2011 Bank Summary ^ Opening Balance $77, Less Cleared Checks $23, Less Other Cleared Subtractions Plus Cleared Deposits $17, Plus Other Cleared Additions Cleared Balance $70, Cleared Balance $70, Statement Balance on 9/30/2011 $70, Difference In Balance fcleared Checks /1/ /23/ /23/ /23/ /23/ /1/ /12/ /12/ /27/ /27/ /27/ /20/ /4/2011 ^, /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /2/ /11/ /11/ /11/ /11/ /11/ /11/ /11/ /11/ /11/2011 x_. Fair Energy Haase, Martin Screamin' Coyote Screamin' Coyote Screamin' Coyote New Level Managers McNally, Mark Miracle Recreation Equip. Lovett Tree Company New Level Managers Tancy Bamett Western Disposal CenturyLink $ $23.61 $ $54.11 $ $1,860 $ $9, $3,530 $ $840 $ $29.22 $70.88 $36.32 $14.32 $ $24.28 $ $84.29 $42.94 $32.83 $ $79.18 $54.25 $53.91 $ $ $78.10 $70.40 $ $ $ $1, $ $ $ $ Items $23, checks skipped 3 checks skipped 4 checks skipped 2 checks skipped 7 checks skipped 96,958 checks skipped 299 checks skipped 79 checks skipped 60 checks skipped pleared Deposits ^ Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 3:54 PM

8 Cleared Deposits (Continued) 9/9/2011 Deposit 9/16/2011 Deposit x~'' 9/23/2011 Deposit 9/30/2011 Deposit Uncleared Checks and Other Subtractions Bank Reconciliation Firstbank Checking [Acct# ] on Friday September 30,2011 $7, $4, $4, $ Items $17, ^ /25/2011 McNally, Mark /27/2011 American Family Insurance /27/2011 Annie's Electric /27/2011 Crackerjack Mud Jacking /27/2011 Drain-Away /27/2011 Max Pest Control /27/2011 New Level Managers /27/2011 Niwot Sanitation /27/2011 Renner Sports Surfaces /27/2011 Sam's Maintenance /27/2011 Screamin' Coyote /27/2011 Screamin' Coyote /27/2011 Sun &Shade Groundskeeping /27/2011 Sun &Shade Groundskeeping /5/2011 $15.00 $1, $ $5,250 $ $1 $ $6, $3, $ $2, $1, $2, $2,860 $ Items $27, Ledger Balance Summary 4 "-" Cleared Balance on 9/30/201 1 Less Uncleared Checks and Other Subtractions Plus Uncleared Deposits and Other Additions Available Balance on 9/30/201 1 $70, $27, $43, Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 3:54 PM

9 Bank Account Activity Thursday September 1, 2011 to Friday September 30, 2011 Chase Checking ACH heck C Date Description Withdrawal Deposit Balance 9/1/2011 Beginning Balance $22, X 9/7/2011 Deposit $6, $28, ACH /27/2011 Ground Force Landscapes $15, $12, Total for Chase Checking ACH $ 15, $6, /30/2011 Ending Balance $12, Prepared by NEW LEVEL MANAGERS LLC on October 23,2011 at 4:07 PM

10 OOP Bank Reconciliation Chase Checking ACH on Friday September 30,2011 Bat&Summaiy '" ' " ' Opening Balance v Less Cleared Checks Less Other Cleared Subtractions Plus Cleared Deposits Plus Other Cleared Additions Cleared Balance Cleared Balance Statement Balance on 9/30/201 1 Difference $22, $6, $28, $28, $28, In Balance Cleaned Deposits ' - 9/7/2011 Deposit $6, Item $6, (Uncleared Checks and Other Subtractions^ /27/2011 Ground Force Landscapes _$ 15, Item "$15, ^edger Balance Summary ^ Cleared Balance on 9/30/2011 Less Uncleared Checks and Other Subtractions Plus Uncleared Deposits and Other Additions Available Balance on 9/30/2011 $28, $15, $12, Prepared by NEW LEVEL MANAGERS LLC on October at 12:06 PM

11 Unexpended. Jdget Report Friday September 30, 2011 Cottonwood Park Condominiums 2011 k Cottonwood Park Condos Accmal Accounting Year Starts January 1,2011 Month To Date L Year To Date Annual Actual Variance Actual Variance Unexpended INCOME Income Dues Monthly Heat Charge, Owners Hot Water Charges, Owners Late Fee Income Laundry Room Income Legal Fee Income Miscellaneous Income NSF Fee Sewer Charges Utility Metering Charge Violation/ Fines xfee- Administrative Total Income 18, , , , , , (3,162.50) (281.07) (142.17) (416.67) 0 0 (170.80) (20) 0 0 (3,917.55) 168, , , ,450 5, , , , , , , , , , , , , , , (15,180.71) (3,421.04) 700 (948.37) (2,014.81) 2, (1,537.20) (165.00) (18,369.79) 222, ,950 11,520 1,000 8,540 5, , , , , , , (450) 3, , (2,249.13) (35.00) 12, , (100) (150) 102, Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income (772.90) (158.32) (931.22) Reserve Income Interest I Yr CD 150 Interest Liquid Assets Total Reserve Income (96.72) (51.27) ,1 1, (743.78) (234.42) 0 1,500 1,500 (509.36) 1, EXPENSES Expenses General & Admini. Expenses Accounting Bank Service Charge Expense (Bad Debt) Insurance TOTAL INCOME 24, , , , (3,968.82) 0 (6.72) (83.34) , , , , (17,672.99) (55.58) (750) 2, , ,000 18, , (175.00) ,000 2, Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:05 PM

12 Unexpended * }dget Report Friday September 30, 2011 Cottonwood Park Condominiums 2011 (Continued) 1 Cottonwood Park Condos Accrual Accounting Year Starts January 1, 2011 Actual Month To Date Variance 1 Actual Yeai To Date Variance Annual Unexpended EXPENSES (Continued) Expenses (Continued) General & Admim. Expenses (Continued) Insurance Claims Legal Expense Management Fee Miscellaneous Expense Office Supplies Expense Pest Control Professional Fees Snow Removal Taxes, Federal & State Towing Trash Removal Web Site Setup & Maint. Total General & Admim. Expenses ,860 1, , , (6) (111.16) (29.17) (181.75) (652.06) (4,303.44) 1, , , , , , , ,6 16,740 1,200 2,0 1,650 2,500 6, , , (4,303.44) (4,151.80) 0 (262.23) (503.60) (2,500) (855.00) (262.51) (9,929.27) 0 7,500 22,320 1,600 2,700 2,200 2,500 6, , , , , , , ,500 1, (78.84) 350 1, (2) 27, Landscape Expenses Grounds Repairs Landscape Contract Landscaping-Trees Sprinkler Repair Total Landscape Expenses 0 0 1, , , ,300 2, ,300 0 (205.00) 0 (231.99) (436.99) 190 8,3 3,530 6, , , ,000 20, (3,675.00) 3,530 (1,562.99) (1,517.99) 0 16,000 3,000 9,200 28,200 (190) 7, (530) 2, , Maintenance Expenses Maint-Boiler & Heat Maint-Building Exterior Maint-Chimneys Maint-CIeaning Maint-Decks Maint-EIectrical Maint-Fences Maint-Lighting Maint-Paint Maint-PIumbing Maint-Retaining Walls 0 0 3, , (118.34) 0 (83.34) 0 (97.31) 0 (83.34) (83.34) 1, , , , ,201 1,000 8, ,000 4,500 1, , , (1,000) (2,445.00) (750) (1,958.00) (1,500) (750) (750) 0 5,600 1,000 11, ,000 2,000 6,000 1,500 1,000 1,000 (1,761.60) (1,659.60) 1,000 5,320 (879.78) 1,000 1, , ,500 1,000 1,000 Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:05 PM

13 Unexpended ]dget Report Friday Septeiuuer 30, 2011 Cottonwood Park Condominiums 2011 (Continued) Cottonwood Park Condos Accrual Accounting Year Starts January 1, EXPENSES (Continued) Expenses (Continued) Maintenance Expenses (Continued) Maint-Roof Maint-Sewer Backups Maint-Sewer Lines Maint-Stairs Maint-Streets & Parking Maint-Tennis Coutrs Maint-Trash Enclosures Total Maintenance Expenses Actual Month To Date , , Variance (166.67) (83.34) 0 0 (83.34) 2, Year To Date Actual , , , , , ,850 1, , Variance (1,165.01) 1, , (576.56) (1,850) (1,200) (750) (6,173) Annual 2, ,000 1,000 1,850 1,200 1,000 43,650 Unexpended 1, (1,466.00) 1, ,850 1,200 1,000 16, Utility-Expenses Utilities-Electric Utilities-Gas Utilities-Sewer Utilities-Water Utility Billing Total Utility-Expenses , , , , , , (2,411.70) (3,586.00) 2, (3,207.88) 4, , , , , ,140 4, , , ,250 4, , (12,381.10) 1, , (9,309.00) 5,700 40,500 43, ,000 5, , , , , , , , Total Expenses 19, , (1,717.26) 175, , (26,926.29) 268,880 93, Other Expenses Reserve Expenses Res. Bdg. Ext. Repairs Res. Cone. Walks Res. Pay Landscape Replac Res. Pay Retaining wall Res. Pay Tennis Courts Res. Playground Maint. Res. Roof Replacement Total Reserve Expenses 0 0 5, , , , , , , , , , , , (1,000) 33, ,000 22,500 20,000 1,000 2, ,000 (5,000) (17,558.50) (20,000) 14, , , (1,000) (17,417.61) 5,000 22,500 20,000 1,000 2, ,000 5,000 17, ,000 (14,696.00) (2,262.00) (9,182.89) 1,000 17, Total Other Expenses 30, , , ,000 (17,417.61) 51,000 17, Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:05 PM

14 Unexpended )dget Report Friday Septemuer 30, 2011 Cottonwood Park Condominiums 2011 (Continued) Cottonwood Park Condos Accrual Accounting Year Starts January 1,2011 Month To Date Actual Variance Actual Year To Date Variance Annual Unexpended TOTAL EXPENSES 49, , , , , (44,343.90) 319, , NET INCOME (LOSS) (25,798.18) 6, (32,380.45) 25, (1,109.01) 26, , UNEXPENDED (OVER EXPENDED) (8,923.90) Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:05 PM

15 Twelve Mv^ith. Actuals Friday September 30, 2011 Cottonwood Park Condominiums 2011 Cottonwood Park Condos Accrual Year Starts January 1, 2011 INCOME Income Dues Monthly Heat Charge, Owners Hot Water Charges, Owners Late Fee Income Laundry Room Income Legal Fee Income Miscellaneous Income NSFFee Sewer Charges Utility Metering Charge Violation/ Fines xfee- Administrative Jan 2011 Feb2011 Mar 2011 Apr 2011 May 2011 Jun2011 Jul2011 Aug2011 Sep2011 Oct2011 Nov201 Dec , , Total Income 26, , , , , , , , , , , , , , , , , , , , , , , , , Total 168, , , ,450 5, , , , , , Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income Reserve Income Interest 1 YrCD 150 Interest Liquid Assets Total Reserve Income EXPENSES Expenses General & Admim. Expenses Accounting Bank Service Charge Insurance Insurance Claims Legal Expense Management Fee Miscellaneous Expense Office Supplies Expense Pest Control Snow Removal Taxes, Federal & State Trash Removal Web Site Setup & Maint. TOTAL INCOME 27, , , , , I & Admim. Expenses 8, , , , , , , ,084, , (4,303.44) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , (4,303.44) 1, , , , , , ,994,24 Landscape Expenses Grounds Repairs Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:03 PM

16 Twelve M th Actuals Friday Septemoer 30, 2011 Cottonwood Park Condominiums 2011 (Continued) Cottonwood Park Condos Accrual Year Starts January 1,2011 EXPENSES (Continued) Expenses (Continued) Landscape Expenses (Continued) Landscape Contract Landscaping-Trees Sprinkler Repair Total Landscape Expenses Jan Feb2011 Mar Apr May ,400 2,620 4,020 Jun2011 1,300 1,300 Jul2011 1,840 1,490 3,330 Aug2011 1,990 3,530 1, , Sep2011 1, , , Oct2011 Nov201I Dec Total 8,3 3,530 6, , Maintenance Expenses Maint-Boiler & Heat Maint-Building Exterior Maint-Cleaning Maint-Decks Maint-Fences Maint-Lighting Maint-Roof Maint-Sewer Backups Maint-Sewer Lines Maint-Stairs Total Maintenance Expenses , , , , , , , , , , , , , , , , , , , , , Utility-Expenses Utilities-Electric Utilities-Gas Utilities-Sewer Utilities-Water Utility Billing Total Utility-Expenses , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,140 Total Expenses 17, , , , , , , , , , Other Expenses Reserve Expenses Res. Cone. Walks Res. Pay Retaining wall Res. Pay Tennis Courts Res. Playground Maint. Res. Roof Replacement Total Reserve Expenses (1,000) (1,000) (308.50) (308.50) b~ot 1, , , , ,250 15, , , , , , , (1,000) , Total Other Expenses (1,000) (308.50) , , , , TOTAL EXPENSES 16, ,570 6, , , , , , , , NET INCOME (LOSS) 11, (252.15) 21, , , , (6,817.33) 75,798.18) , Prepared by NEW LEVEL MANAGERS LLC on October 23, 2011 at 4:03 PM

Balance Sheet Wednesday August 31, 2011

Balance Sheet Wednesday August 31, 2011 Cottonwood Park Condos ASSETS Current Assets Chase Checking ACH Firstbank Checking Certificates of Deposit Mile Hi lyr CD 8/20/11 Reserve Accounts Liquid Assets