Balance Sheet Wednesday August 31, 2011

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Mervin Chase
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1 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 IstBank IstBkLiqAcct (12/31/10) Interest Reserves Cur Yr Accrual Accounting Year Starts January 1, 2011 Total Current Assets Total Certificates of Deposit $22, $75,894.32, $105, $ Total Liquid Assets IstBank $105, $98, $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, Member 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, $ $ $ $90 $ $700 $ $8, $114, 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) LIABILITIES Current Liabilities Accounts Payable TOTAL ASSETS $32, $266, Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:40 AM

2 Balance Sheet Wednesday August 31, 2011 Cottonwood Park Condos (Continued) Accrual Accounting Year Starts January 1,2011 LIABILITIES (Continued) Current Liabilities (Continued) Prepaid Dues Credit Total Current Liabilities $ $33, 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 $51,968 $175, $98,570 ($112,082.00) $41, ($41,673.00) $2,713 ($2,713) $18, $33, $227, $5, TOTAL EQUITY $232, TOTAL LIABILITIES AND EQUITY $266, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:40 AM

3 Revenue and Expenses Monday August 1,2011 to Wednesday August 31,2011 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, $23 $ $ $ $3, $430 $24, $149, $13, $4,543 $1, $4, $1, $2, $35.00 $27, $3, $100 $150 $208, Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income $ $ $ $ $ :serve Income Interest lyr CD 150 Interest Liquid Assets Total Reserve Income $59.43 $38.88 $ $ $ $ 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, $26.89 $1, $1,860 $73.61 $ $360 $8.82 $ $ $4, $210, $ $ $14, ($4,303.44) $1, $14,880 $ $1, $1, $5, $72 $7, $200 $43, Landscape Expenses Grounds Repairs Landscape Contract Landscaping-Trees Sprinkler Repair $1,390 $3,530 $1, $190 $5,930 $3,530 $5, Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:53 AM

4 Revenue and Expenses Monday August 1,2011 to Wednesday August 31, 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 $6, $15, 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 $720 $ $ $1, $3, $1, $3, $5,340 $ $42.00 $4, $ $1, $4, $ $21, Utility-Expenses Utilities-Electric Utilities-Gas Utilities-Sewer Utilities-Water Utility Billing Total Utility-Expenses $ $ $6, $4, $ $13, $3, $17, $34, $16, $3, $75, Total Expenses $27, $155, Other Expenses Reserve Expenses Res. Cone. Walks Res. Pay Tennis Courts Res. Roof Replacement Total Reserve Expenses $3, $3, ($308.50) $4, ($1,000) $3, Total Other Expenses $3, $3, TOTAL EXPENSES $30, $158, NET INCOME (LOSS) ($6,217.33) 25.4 $51, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:53 AM

5 Bank Account Activity Monday August 1,2011 to Wednesday August 31,2011 Firstbank Checking 1 'heck C Date 8/1/2011 Description Beginning Balance Withdrawal Deposit Balance $72, X 8/1/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/ X 8/4/2011 X 8/5/ X 8/11/ X 8/11/ X 8/11/2011 ^"99683 X 8/11/ X 8/11/ X 8/11/ X 8/11/ X 8/11/ X 8/11/2011 X 8/12/2011 X 8/19/ X 8/20/ X 8/23/ X 8/23/ X 8/23/ X 8/23/ X 8/23/ /23/ X 8/23/ X 8/23/ X 8/23/ X 8/23/ X 8/23/ /23/ /23/2011.^_, /23/ X 8/23/ X 8/24/2011 X 8/31/2011 New Level Managers CenturyLink Deposit 23 items Deposit 26 items Deposit 1 8 items Western Disposal American Family Insurance Drain-Away Drain-Away Drain-Away Drain-Away Haase, Martin Max Pest Control Max Pest Control Max Pest Control New Level Managers New Level Managers Screamin' Coyote Screamin1 Coyote Screamin' Coyote Tancy Barnett Annie's Electric Deposit $1,860 $29.22 $33.77 $ $85.41 $54.51 $57.15 $ $83.16 $26 $ $14.42 $36.99 $91.24 $ $40.54 $ $75.61 $74.50 $ $ $ $1, $ $ $ $ $ $1, $1, $ $ $ $23.61 $200 $160 $160 $ $ $ $54.11 $ $720 $ $70, $70, $70, $70, $70, $70, $70, $70, $70, $70, $70, $70, $70, $69, $69, $69, $69, $69, $5, $74, $74,813 $74, $73, $73, $72, $72, $71, $71, $71, $4, $76, $4, $80, $79, $77, $76, $76, $76, $76, $76, $75, $75, $75, $75, $75, $74, $74, $74, $73, $72, $3, $75, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:52 AM

6 Bank Account Activity Monday August 1, 2011 to Wednesday August 31, 2011 Firstbank Checking (Continued) "!heck C Date Description Withdrawal Deposit Balance 12 items Total for Firstbank Checking $14, $17,390 8/31/2011 Ending Balance $75, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:52 AM

7 Bank Summary Opening Balance $81, v_..- Less Cleared Checks $21, Less Other Cleared Subtractions Plus Cleared Deposits $17,390 Plus Other Cleared Additions Cleared Balance $77, Bank Reconciliation Firstbank Checking [Acct# ] on Wednesday August 31, Cleared Balance $77, Statement Balance on 8/31/201 1 $77, Difference In Balance Cleared Checks <( /26/ /26/ /26/ /26/ /26/ /26/ /26/ /26/ /26/ /26/ /1/ /23/ /23/ _ /23/ /23/ /23/ /23/ /23/ /23/ /23/ /23/ /23/ /24/ /20/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /4/ /11/2011 American Family Insurance American Family Insurance Bemie's Plumbing&Heating Fair Energy Haase, Martin McNally, Mark New Level Managers New Level Managers Sun &Shade Groundskeeping Wall 2 Wall Painting, LLC New Level Managers American Family Insurance Drain-Away Drain-Away Drain-Away Drain-Away Max Pest Control Max Pest Control Max Pest Control New Level Managers New Level Managers Tancy Barnett Annie's Electric Western Disposal CenturyLink $1, $1, $890 $ checks skipped $8.54 $50 2 checks skipped $ $ $3,570 1 checks skipped $90 1 checks skipped $1,860 $1, checks skipped $1, checks skipped $ $ $ $200 2 checks skipped $160 $160 $ $ $720 4 checks skipped $ checks skipped $ ,975 checks skipped $ checks skipped $ checks skipped $ $85.41 $54.51 $57.15 $ $83.16 $26 $ $14.42 $36.99 $91.24 $ $40.54 $ $75.61 $ checks skipped Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:36 AM

8 Cleared Checks (Continued) /11/ /11/2011 '"-"" /11/ /11/ /11/ /11/ /11/ /11/2011 Bank Reconciliation Firstbank Checking [Acct# ] on Wednesday August 31,2011 $ $ $ $1, $ $ $ $ Items $21, Cleared Deposits 4 8/5/2011 Deposit 8/12/2011 Deposit 8/19/2011 Deposit 8/31/2011 Deposit JJncleared Checks and Other Subtractions /25/2011 McNally,Mark /23/2011 Haase, Martin /23/2011 Screamin' Coyote /23/2011 Screamin' Coyote /23/2011 Screamin' Coyote /5/2011 Ledger Balance Summary $5, $4, $4, $3, Items $17,390 $15.00 $23.61 $ $54.11 $ $ Items $1, W Cleared Balance on 8/3 1/201 1 Less Uncleared Checks and Other Subtractions Plus Uncleared Deposits and Other Additions Available Balance on 8/3 1/201 1 $77, $1, $75, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 10:36 AM

9 Bank Account Activity Monday August 1,2011 to Wednesday August 31,2011 Chase Checking ACH ^heck C Date Description Withdrawal Deposit Balance 8/1/2011 Beginning Balance $16, X 8/8/2011 Deposit $5, $22, items Total for Chase Checking ACH $5, /31/2011 Ending Balance $22, Prepared by NEW LEVEL MANAGERS LLC on September 25,2011 at 5:32 PM

10 Bank Reconciliation Chase Checking ACH on Wednesday August 31, 2011 Sank Summary Opening Balance Less Cleared Checks Less Other Cleared Subtractions Plus Cleared Deposits Plus Other Cleared Additions Cleared Balance Cleared Balance Statement Balance on 8/3 1/201 1 Difference $16, $5, $22, $22, $22, In Balance Cleared Deposits 8/8/2011 Deposit $5, Item $5, Ledger Balance Summary Cleared Balance on 8/3 1/201 1 Less Uncleared Checks and Other Subtractions Plus Uncleared Deposits and Other Additions Available Balance on 8/3 1/ $22, $22, Prepared by NEW LEVEL MANAGERS LLC on September 7, 2011 at 10:58 AM

11 Unexpended Report Wednesday August 31, 2011 Cottonwood Park Condominiums 2011 Cottonwood Park Condos Accrual Accounting Year Starts January 1,2011 I Actual Month To Date Variance 1 1 Year To Date Actual Variance Annual 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, , , , , , , (3,142.47) (257.09) (3.78) (416.66) 0 0 (170.80) (20) 0 0 (3,627.95) 149, , ,543 1, , , , , , , , ,300 7, , , , , , , (12,018.21) (3,139.97) (806.20) (1,598.14) 2, (1,366.40) (145.00) (14,452.24) 222, ,950 11,520 1,000 8,540 5, , , , , , , (275.00) 3, , (2,249.13) (35.00) 15, , (100) (150) 126, Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income (772.90) (158.32) (931.22) Reserve Income Interest 1 YrCD 150 Interest Liquid Assets Total Reserve Income (86.12) (26.69) ,000 1, (647.06) (183.15) 0 1,500 1,500 (463.91) 1, EXPENSES Expenses General & Admim. Expenses Accounting Bank Service Charge Expense (Bad Debt) Insurance TOTAL INCOME 24, , , , (3,507.64) 0 (6.44) (83.33) , , , , (13,704.17) (48.86) (666.66) 2, , ,000 18, , (175.00) ,000 3, Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

12 Unexpendec' udget Report Wednesday August 31, 2011 Cottonwood Park Condominiums 2011 (Continued) Cottonwood Park Condos Accrual Accounting Year Starts January 1, 2011 I 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 Actual Month To Date ,860 1, , , Variance 0 (6) 0 (59.72) (108.31) (29.16) (190.25) (692.56) Year To Date Actual (4,303.44) 1, , , , , , , ,000 14,880 1, ,800 1, ,500 6, , , Variance (4,303.44) (3,526.80) 0 (312.67) (392.44) (22.66) (2,500) (855.00) 72 (233.34) (9,277.21) Annual 0 7,500 22,320 1,600 2,700 2,200 2,500 6, , , Unexpended 4, , , , ,500 1, (72) 350 2, (200) 31, Landscape Expenses Grounds Repairs Landscape Contract Landscaping-Trees Sprinkler Repair Total Landscape Expenses 0 0 1,390 2,000 3, , ,300 6, ,300 0 (610) 3,530 (41.00) 2, ,930 3,530 5, , , ,700 16, (4,070) 3,530 (1,331.00) (1,681.00) 0 16,000 3,000 9,200 28,200 (190) 10,070 (530) 3, , Maintenance Expenses Maint-Boiler & Heat Maint-Building Exterior Maint-Chimneys Maint-Cleaning Maint-Decks Maint-Electrical Maint-Fences Maint-Lighting Maint-Paint Maint-Plumbing Maint-Retaining Walls (466.66) 0 (238.33) 0 (83.33) (83.33) (83.33) 1, , , , , ,000 7, ,000 4,000 1, , (1,000) (2,326.66) (666.66) (1,958.00) (1,500) (666.66) (666.66) 0 5,600 1,000 11, ,000 2,000 6,000 1,500 1,000 1,000 (1,761.60) 1, ,000 6,160 (879.78) 1,000 1, , ,500 1,000 1,000 Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

13 Unexpended idget Report Wednesday August 31, 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 1 Actual , , Month To Date , , Variance (166.66) , (83.33) (1,850) 0 (83.33) (1,152.50) 1 1 Year To Date Actual , , , , , ,850 1, , Variance (998.34) 1, , (493.22) (1,850) (1,200) (666.66) (8,749.70) Annual 2, ,000 1,000 1,850 1,200 1,000 43,650 Unexpended 1, (1,121.00) 1, ,850 1,200 1,000 21, Utility-Expenses Utilities-Electric Utilities-Gas Utilities-Sewer Utilities-Water Utility Billing Total Utility-Expenses , , , , , , , (2,604.17) 3, , , , , , , , , ,800 27,000 28, ,000 3,800 81, (9,969.40) 5, (1,649.00) (6,101.12) 5,700 40,500 43, ,000 5, , , , , , , , Total Expenses 27, , , , , (25,809.03) 268, , Other Expenses Reserve Expenses Res. Bdg. Ext. Repairs Res. Cone. Walks Res. Pay Landscape Replac Res. Pay Retaining wall Res. Pay Tennis Courts Res. Roof Replacement Total Reserve Expenses , , ,500 5, ,500 0 (2,500) (5,000) 0 3, (4,166.60) 0 (308.50) 0 0 4, (1,000) 3, ,000 22,500 20,000 1,000 2, ,000 (5,000) (22,808.50) (20,000) (1,000) 2, (1,000) (47,546.50) 5,000 22,500 20,000 1,000 2, ,000 5,000 22, ,000 1,000 (2,262.00) 1,000 47, Total Other Expenses 3, ,500 (4,166.60) 3, ,000 (47,546.50) 51,000 47, TOTAL EXPENSES 30, , (57.94) 158, , (73,355.53) 319, , Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

14 Unexpendecf idget Report Wednesday August 31, 2011 NET INCOME (LOSS) (6,217.33) (2,767.63) ( ) 51,968 (7,691.28) 59, , UNEXPENDED (OVER EXPENDED) (35,322.08) Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

15 Twelve M^nth Actuals Wednesday August 31,2011 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 Total Income Jan 2011 Feb2011 Mar 2011 Apr 2011 May 2011 Jun20H Jul2011 Aug , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Nov2011 De 0 0 Total 149, , ,543 1, , , , , , , Other Income Boiler Repair chg Owner Repairs Charged to Owners Total Other Income Reserve Income Interest lyr CD 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.1 & Admim. Expenses 27, , , , , , , , , , , , , , (4,303.44) , , , , , , , , , , , , , , , , , , , , , , , , , , (4,303.44) 1, , , , , , , Landscape Expenses Grounds Repairs Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

16 Twelve K }th Actuals Wednesday August 31, 2011 Cottonwood Park Condominiums 2011 (Continued) Cottonwood Park Condos Accrual Year Starts January 1, EXPENSES (Continued) Expenses (Continued) Landscape Expenses (Continued) Landscape Contract Landscaping-Trees Sprinkler Repair Total Landscape Expenses Jan Feb Mar Apr May ,400 2,620 4,020 Jun2011 1,300 1,300 Jul2011 1,840 1,490 3,330 Aug2011 Sep2011 Oct2011 Nov2011 1,390 3,530 1, , Dec Total 5,930 3,530 5, , 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 , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , Total Expenses 17, , , , , , , , , Other Expenses Reserve Expenses Res. Cone. Walks Res. Pay Tennis Courts Res. Roof Replacement Total Reserve Expenses (1,000) (1,000) (308.50) (308.50) , , , , (308.50) 4, (1,000) 0 3, Total Other Expenses (1,000) (308.50) , , , TOTAL EXPENSES 16, ,570 6, , , , , , , NET INCOME (LOSS) 11, (252.15) 21, , , , (6,217.33) ,968 Prepared by NEW LEVEL MANAGERS LLC on September 25, 2011 at 10:50 AM

Balance Sheet Friday September 30, 2011

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