100 Anywhere Street Toronto, Ontario Financial Statement For the Period Ending Unaudited Prepared by: ABC Property Management Inc.
Page 1 Balance Sheet ASSETS TD Operating Account $3,440.17 TD Reserve Account $11,748.87 Reserve Investments $64,607.30 Reserve Investment Interest Rec. $454.01 Accounts Receivable $576.50 Accounts Receivable Siding Loan $114,201.68 Prepaid Insurance $3,436.38 Pre-Paid Mailboxes $1,079.77 TOTAL ASSETS $199,544.68 TOTAL ASSETS $199,544.68 LIABILITIES Accrued Liabilities $1,666.70 Accounts Payable $1,013.16 Siding Loan $114,201.68 Due to Property Management $23.73 TOTAL LIABILITIES $116,905.27 RESERVES & EQUITY Reserve Fund-Schedule II $76,810.18 Prior Year Surplus/Deficit $2,010.82 Current Year Surplus/Deficit $3,818.41 TOTAL RESERVES & EQUITY $82,639.41 TOTAL LIABILITY, RESERVES, EQUITY $199,544.68
Reserve Funds Page 2...This Month... Budget Actual Variance...Year To Date... Budget Actual Variance Annual Budget COMMON ELEMENT RESERVE 9210 Sloped Roofing 833.33 833.33 8,333.30 8,333.30 10,00 9220 Concrete Entrance Slabs 483.33 483.33 4,833.30 4,833.30 5,80 TOTAL COMMON ELEMENT RESERV 1,316.66 1,316.66 13,166.60 13,166.60 15,80 SPECIAL RESERVES 9800 Loan Interest 635.84 7,193.30-7,193.30-635.84 TOTAL SPECIAL RESERVES 635.84 680.82 7,193.30-7,193.30 TOTAL RESERVE EXPENSES 1,316.66 635.84 680.82 13,166.60 7,193.30 5,973.30 15,80 BALANCE OF RESERVE FUNDS Common Element Contingency Special Totals Month Year-to-Date Month Year-to-Date Month Year-to-Date Month Year-to-Date Prior Year 53,854.30 53,854.30 Current Year 2,231.67 22,316.70 2,231.67 22,316.70 Interest 69.65 639.18 635.84 7,193.30 705.49 7,832.48 Withdrawals -635.84-7,193.30-635.84-7,193.30 Balance 2,301.32 76,810.18 2,301.32 76,810.18
Statement of Operations Page 3...This Month... Budget Actual Variance...Year To Date... Budget Actual Variance Annual Budget INCOME TOTAL INCOME 7,183.33 7,183.33 71,833.30 71,833.30 86,20 TOTAL INCOME 7,183.33 7,183.33 71,833.30 71,833.30 86,20 EXPENSES TOTAL UTILITIES 70.83 82.89-12.06 1,408.30 911.31 496.99 1,55 TOTAL ADMINISTRATION 2,168.33 2,014.81 153.52 21,833.30 20,208.91 1,624.39 26,17 TOTAL REPAIR & MAINTENANCE 2,502.50 2,583.86-81.36 26,745.00 24,577.97 2,167.03 31,75 TOTAL EXPENSES 4,741.66 4,681.56 60.10 49,986.60 45,698.19 4,288.41 59,47 EXCESS or DEFICIT INCOME 2,441.67 2,501.77 60.10 21,846.70 26,135.11 4,288.41 26,73 RESERVE Provision for Reserve 2,231.67 2,231.67 22,316.70 22,316.70 26,78 TOTAL RESERVE 2,231.67 2,231.67 22,316.70 22,316.70 26,78 COMMON SURPLUS - CURRENT YEAR 21 270.10 60.10-47 3,818.41 4,288.41-5
Income & Expenditures Page 4...This Month... Budget Actual Variance...Year To Date... Annual Budget Budget Actual Variance INCOME INCOME 4100 Common Element Fees 7,183.33 7,183.33 71,833.30 71,833.30 86,20 TOTAL INCOME 7,183.33 7,183.33 71,833.30 71,833.30 86,20 EXPENSES UTILITIES 5102 Hydro 70.83 82.89-12.06 708.30 691.10 17.20 85 5103 Water/Sewer 70 220.21 479.79 70 TOTAL UTILITIES 70.83 82.89-12.06 1,408.30 911.31 496.99 1,55 ADMINISTRATION 6115 Legal Fees 145.83 145.83 1,458.30 1,458.30 1,75 6120 Audit Fees 166.67 166.67 1,666.70 1,723.20-56.50 2,00 6122 Management Fees 1,12 1,12 11,20 11,20 13,44 6130 Bank Charges 85.83 62.74 23.09 858.30 595.75 262.55 1,03 6135 Insurance Expenses 641.67 665.40-23.73 6,416.70 6,579.36-162.66 7,70 6140 Office Expense 8.33 8.33 83.30 83.30 10 6159 Annual Meetings 15 110.60 39.40 15 TOTAL ADMINISTRATION 2,168.33 2,014.81 153.52 21,833.30 20,208.91 1,624.39 26,17 REPAIR & MAINTENANCE 7101 General Repairs 75 684.00 66.00 7,50 6,930.25 569.75 9,00 7108 Sanding/Salting 34 135.60 204.40 1,02 406.80 613.20 1,70 7115 Waste Disposal 116.67 110.67 6.00 1,166.70 1,110.08 56.62 1,40 7116 Gardening 282.50-282.50 2,00 1,232.43 767.57 2,00 7118 Chimney Cleaning 80 768.40 31.60 80 7122 Ground Maintenance 1,212.50 1,229.84-17.34 12,125.00 12,081.32 43.68 14,55 7123 Irrigation 1,30 1,291.59 8.41 1,30 7160 Pest Control 83.33 141.25-57.92 833.30 757.10 76.20 1,00 TOTAL REPAIR & MAINTENANCE 2,502.50 2,583.86-81.36 26,745.00 24,577.97 2,167.03 31,75 TOTAL OPERATING EXPENSES 4,741.66 4,681.56 60.10 49,986.60 45,698.19 4,288.41 59,47
Cash Disbursements - Operating Page 5 Vendor Code Name Cheque Number Date Invoice...Expense... Account Amount 4020 Reserve Fund Pap 11/15/2012 R Fund contribution 8510 $2,231.67 0500 Collus Power Corp. Pap 11/13/2012 11472-01 5102 $37.13 0500 Collus Power Corp. Pap 11/13/2012 11484-01 5102 $42.70 9924 ABC Property Management Inc. 357 11/1/2012 243 6122 $1,12 2503 Mid Ontario Disposal 358 11/15/2012 157779 7115 $110.67 0500 Collus Power Corp. 359 11/15/2012 2197-02 5103 $48.54 9970 Building Services 360 11/15/2012 240 7118 $768.40 1615 Paul Gregory 361 11/15/2012 605815 7101 $25.00 3012 Landscaping & Maintenance Inc. 362 11/15/2012 7593 7116 $452.00 1789 Joe Smith 363 11/30/2012 4301 7160 $141.25 3012 Landscaping & Maintenance Inc. 364 11/30/2012 7605 7116 $282.50 3012 Landscaping & Maintenance Inc. 364 11/30/2012 7405 7122 $1,229.84 12 Currency Total $6,489.70 Toronto-Dominion Bank 22882-xxxxxxxxxxxx
Cash Disbursements - Reserve Page 6 Vendor Code Name Cheque Number Date Invoice...Expense... Account Amount 1022 TD Canada Trust Pap 11/26/2012 8170600-07 1111 $12,00 1 Currency Total $12,00 Toronto-Dominion Bank 22882-yyyyyy
Bank Reconciliation - Operating Page 7 Toronto-Dominion Bank 22882-xxxxxxxxxxxx Date Cheque Explanation/Vendor Amount Balance Prior Month Bank Balance $4,732.75 Deposits & Adjustments 11/1/2012 Post-Dated Cheque 197.24 11/1/2012 Pre-Authorized Payment 6,986.06 11/1/2012 Pre-Authorized Payment - S/A 1,609.21 11/5/2012 Siding loan payment -1,611.17 11/30/2012 Bank Service charge -60.75 11/29/2012 Post-Dated Cheque (Reversed) -197.24 11/29/2012 Pre-Authorized Payment (Reversed) -379.26 Total Deposits & Adjustments 6,544.09 $11,276.84 Cashed Cheques 11/15/2012 Pap Reserve Fund 2,231.67 10/31/2012 Pap Collus Power Corp. 37.13 10/31/2012 Pap Collus Power Corp. 42.70 10/31/2012 354 Sunset Point Property Services Ltd. 141.25 10/31/2012 355 Landscaping & Maintenance Inc. 1,205.72 11/1/2012 357 ABC Property Management Inc. 1,12 10/31/2012 358 Mid Ontario Disposal 110.67 10/31/2012 359 Collus Power Corp. 48.54 10/31/2012 360 Building Services 768.40 10/31/2012 361 Paul Gregory 25.00 Total Cashed Cheques -5,731.08 Balance per Bank Statement $5,545.76 Current G/L Balance $3,440.17 Outstanding Cheques 11/15/2012 362 Landscaping & Maintenance Inc. 452.00 11/30/2012 363 Joe Smith 141.25 11/30/2012 364 Landscaping & Maintenance Inc. 1,512.34 Total Outstanding Cheques 2,105.59 Reconciled Bank Balance $5,545.76 Difference Between G/L & Bank Balance $
Operating Bank Account Statement Page 8
Bank Reconciliation - Reserve Page 9 Toronto-Dominion Bank 22882-yyyyyy Date Cheque Explanation/Vendor Amount Balance Prior Month Bank Balance $21,517.20 Deposits & Adjustments 11/30/2012 R Fund contribution 2,231.67 Total Deposits & Adjustments 2,231.67 $23,748.87 Cashed Cheques 11/26/2012 Pap TD Canada Trust 12,00 Total Cashed Cheques -12,00 Balance per Bank Statement $11,748.87 Current G/L Balance $11,748.87 Reconciled Bank Balance $11,748.87 Difference Between G/L & Bank Balance $
Reserve Bank Account Statement Page 10
Accounts Payable - Operating Page 11 Vendor Code Name...Invoice... Number Date...Expense... Account Amount 2503 Mid Ontario Disposal 158806 11/21/2012 7115 $110.67 0500 Collus Power Corp. 11484-01 11/13/2012 5102 $41.44 0500 Collus Power Corp. 11472-01 11/13/2012 5102 $41.45 9965 Dew Awl Services 9978 11/19/2012 7101 $684.00 3012 Landscaping & Maintenance Inc. 7619 12/2/2012 7108 $135.60 5 Currency Total $1,013.16 Toronto-Dominion Bank 22882-xxxxxxxxxxxx
Accrued Liabilities - Operating Page 12 Vendor Code Name...Invoice... Number Date...Expense... Account Amount 1200 Sample Audit Corporation Monthly audit fee accrual 2/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 3/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 4/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 5/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 6/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 7/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 8/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 9/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 10/28/2012 6120 166.67 1200 Sample Audit Corporation Monthly audit fee accrual 11/28/2012 6120 166.67 10 Currency Total 1,666.70 Toronto-Dominion Bank 22882-xxxxxxxxxxxx
General Ledger Trial Balance Page 13 Account Name Year-To-Date Debit 1100 TD Operating Account 3,440.17 1104 TD Reserve Account 11,748.87 1111 Reserve Investments 64,607.30 1115 Reserve Investment Interest Rec. 454.01 1200 Accounts Receivable 576.50 1205 Accounts Receivable Siding Loan 114,201.68 1350 Prepaid Insurance 3,436.38 1360 Pre-Paid Mailboxes 1,079.77 2045 Accrued Liabilities 1,666.70 2050 Accounts Payable 1,013.16 2080 Siding Loan 114,201.68 2200 Due to Property Management 23.73 3100 Common Element - Prior Year 53,854.30 3101 Common Element - Current Year 22,316.70 3102 Common Element - Interest 639.18 3162 Special - Interest 7,193.30 3210 Prior Year Surplus/Deficit 2,010.82 4100 Common Element Fees 71,833.30 5102 Hydro 691.10 5103 Water/Sewer 220.21 6120 Audit Fees 1,723.20 6122 Management Fees 11,20 6130 Bank Charges 595.75 6135 Insurance Expenses 6,579.36 6159 Annual Meetings 110.60 7101 General Repairs 6,930.25 7108 Sanding/Salting 406.80 7115 Waste Disposal 1,110.08 7116 Gardening 1,232.43 7118 Chimney Cleaning 768.40 7122 Ground Maintenance 12,081.32 7123 Irrigation 1,291.59 7160 Pest Control 757.10 8510 Provision for Reserve 22,316.70 9800 Loan Interest 7,193.30 35 Credit $274,752.87 $274,752.87 $
5102 Hydro Parking lot lighting General Ledger Graphs Page 14 Actual Budget 80 60 40 20 0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Annual budget is $85 5103 Water/Sewer Irrigation system 140 120 100 80 60 40 20 0 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Annual budget is $70 Actual Budget
Accounts Receivable Page 15 Suite Owner Balance Current 30 days 60 Days 90 Days More 195 Jonathan Smith 197.24 197.24 202 Diane Havens (Lien) 379.26 379.26 Lien due to non-payment of special assessment 2 576.50 197.24 379.26
Investment Summary Report Page 16 Institution Reserve Investments Certificate # Purchased Matures Received Interest To Date TD Canada Trust 8170600-04 12/21/2011 10,14 12/21/2012 10,322.52 98.62 TD Canada Trust 8170600-04A 1/25/2012 10,00 4/25/2013 10,186.99 127.51 TD Canada Trust 8170600-05 5/4/2012 15,15 8/2/2013 15,443.91 135.04 TD Canada Trust 8170600-06 7/23/2012 17,317.30 1/20/2014 17,694.72 90.39 TD Canada Trust 8170600-07 11/26/2012 12,00 2/24/2014 12,225.05 2.45 5 $64,607.30 $65,873.19 $454.01
Investment Detail Report Page 17 TD Canada Trust Name 5 Year Stepper GIC -2010 Certificate 8170600-04 Purchased 12/21/2011 Matures 12/21/2012 Days Invested 366 Daily Rate $0.50 Purchase Value Maturity Value Interest Earned Interest Rate Compounded On Rate Change Shown In Monthly Table TD Canada Trust Name GIC Certificate 8170600-04A Purchased 1/25/2012 Matures 4/25/2013 Days Invested 456 Daily Rate $0.41 Purchase Value Maturity Value Interest Earned Interest Rate Compounded On Rate Change Shown In Monthly Table TD Canada Trust Name GIC Certificate 8170600-05 Purchased 5/4/2012 Matures 8/2/2013 Days Invested 455 Daily Rate $0.65 Purchase Value Maturity Value Interest Earned Interest Rate Compounded On Rate Change Shown In Monthly Table $10,14 $10,322.52 $182.52 1.8 $10,00 $10,186.99 $186.99 1.5 $15,15 $15,443.91 $293.91 1.55 Date Monthly Received Y-T-D Current Status Allocation Allocation Rate 12/31/2011 5.50 5.50 1.8 Posted 1/31/2012 15.50 21.00 1.8 Posted 2/29/2012 14.50 35.50 1.8 Posted 3/31/2012 15.50 51.00 1.8 Posted 4/30/2012 15.00 66.00 1.8 Posted 5/31/2012 15.50 81.50 1.8 Posted 6/30/2012 15.00 96.50 1.8 Posted 7/31/2012 15.50 74.38 37.62 1.8 Posted 8/31/2012 15.50 53.12 1.8 Posted 9/30/2012 15.00 68.12 1.8 Posted 10/31/2012 15.50 83.62 1.8 Posted 11/30/2012 15.00 98.62 1.8 Posted 12/31/2012 9.52 108.14 Posted Date Monthly Received Y-T-D Current Status Allocation Allocation Rate 1/31/2012 2.87 2.87 1.5 Posted 2/29/2012 11.89 14.76 1.5 Posted 3/31/2012 12.71 27.47 1.5 Posted 4/30/2012 12.30 39.77 1.5 Posted 5/31/2012 12.71 52.48 1.5 Posted 6/30/2012 12.30 64.78 1.5 Posted 7/31/2012 12.71 77.49 1.5 Posted 8/31/2012 12.71 90.20 1.5 Posted 9/30/2012 12.30 102.50 1.5 Posted 10/31/2012 12.71 115.21 1.5 Posted 11/30/2012 12.30 127.51 1.5 Posted 12/31/2012 12.71 140.22 1.5 Posted 1/31/2013 12.71 152.93 1.5 Pending 2/28/2013 11.48 164.41 1.5 Pending 3/31/2013 12.71 177.12 1.5 Pending 4/25/2013 9.87 186.99 1.5 Pending Date Monthly Received Y-T-D Current Status Allocation Allocation Rate 5/31/2012 17.92 17.92 1.55 Posted 6/30/2012 19.20 37.12 1.55 Posted 7/31/2012 19.84 56.96 1.55 Posted 8/31/2012 19.84 76.80 1.55 Posted 9/30/2012 19.20 96.00 1.55 Posted 10/31/2012 19.84 115.84 1.55 Posted 11/30/2012 19.20 135.04 1.55 Posted 12/31/2012 19.84 154.88 1.55 Posted 1/31/2013 19.84 174.72 1.55 Pending 2/28/2013 17.92 192.64 1.55 Pending 3/31/2013 19.84 212.48 1.55 Pending 4/30/2013 19.20 231.68 1.55 Pending 5/31/2013 19.84 251.52 1.55 Pending 6/30/2013 19.20 270.72 1.55 Pending Camille Property Management Services 18 1/13/2013 11:18:31 AM
Investment Detail Report Page 18 TD Canada Trust Name GIC Certificate 8170600-06 Purchased 7/23/2012 Matures 1/20/2014 Days Invested 546 Daily Rate $0.69 Purchase Value Maturity Value Interest Earned Interest Rate Compounded On Rate Change Shown In Monthly Table TD Canada Trust Name GIC Certificate 8170600-07 Purchased 11/26/2012 Matures 2/24/2014 Days Invested 455 Daily Rate $0.49 Purchase Value Maturity Value Interest Earned Interest Rate Compounded On Rate Change Shown In Monthly Table $17,317.30 $17,694.72 $377.42 1.45 $12,00 $12,225.05 $225.05 1.5 7/31/2013 19.84 290.56 1.55 Pending 8/2/2013 3.35 293.91 1.55 Pending Date Monthly Received Y-T-D Current Status Allocation Allocation Rate 7/31/2012 6.21 6.21 1.45 Posted 8/31/2012 21.39 27.60 1.45 Posted 9/30/2012 20.70 48.30 1.45 Posted 10/31/2012 21.39 69.69 1.45 Posted 11/30/2012 20.70 90.39 1.45 Posted 12/31/2012 21.39 111.78 1.45 Posted 1/31/2013 21.39 133.17 1.45 Pending 2/28/2013 19.32 152.49 1.45 Pending 3/31/2013 21.39 173.88 1.45 Pending 4/30/2013 20.70 194.58 1.45 Pending 5/31/2013 21.39 215.97 1.45 Pending 6/30/2013 20.70 236.67 1.45 Pending 7/31/2013 21.39 258.06 1.45 Pending 8/31/2013 21.39 279.45 1.45 Pending 9/30/2013 20.70 300.15 1.45 Pending 10/31/2013 21.39 321.54 1.45 Pending 11/30/2013 20.70 342.24 1.45 Pending 12/31/2013 21.39 363.63 1.45 Pending 1/20/2014 13.79 377.42 1.45 Pending Date Monthly Received Y-T-D Current Status Allocation Allocation Rate 11/30/2012 2.45 2.45 1.5 Posted 12/31/2012 15.19 17.64 1.5 Posted 1/31/2013 15.19 32.83 1.5 Pending 2/28/2013 13.72 46.55 1.5 Pending 3/31/2013 15.19 61.74 1.5 Pending 4/30/2013 14.70 76.44 1.5 Pending 5/31/2013 15.19 91.63 1.5 Pending 6/30/2013 14.70 106.33 1.5 Pending 7/31/2013 15.19 121.52 1.5 Pending 8/31/2013 15.19 136.71 1.5 Pending 9/30/2013 14.70 151.41 1.5 Pending 10/31/2013 15.19 166.60 1.5 Pending 11/30/2013 14.70 181.30 1.5 Pending 12/31/2013 15.19 196.49 1.5 Pending 1/31/2014 15.19 211.68 1.5 Pending 2/24/2014 13.37 225.05 1.5 Pending Camille Property Management Services 19 1/13/2013 11:18:31 AM
Investment Certificate #1 Page 19
Investment Certificate #2 Page 20
Investment Certificate #3 Page 21
Investment Certificate #4 Page 22
Investment Certificate #5 Page 23
Pre-Paid Expenses Summary Report Page 24 1350 Prepaid Insurance Vendor Start Date End Date Total Remaining Months Economical Mutual Insurance 5/8/2012 5/5/2013 $8,027.64 $3,436.38 5 $8,027.64 $3,436.38
1350 Prepaid Insurance Pre-Paid Expenses Detail Report Page 25 Vendor Economical Mutual Insurance Invoice Policy #00479636Cheque 308 Start Date 5/8/2012 End Date 5/5/2013 Daily Rate $22.18 For 362 Days $8,027.64 Date Monthly Remaining Days 12/8/2012 $687.58 $2,748.80 31 1/8/2013 $687.58 $2,061.22 31 2/8/2013 $621.04 $1,440.18 28 3/8/2013 $687.58 $752.60 31 4/8/2013 $752.60 $ 30 $3,436.38 $3,436.38