Villa Alhambra Financials Aug. 2012

VILLA ALHAMBRA OF CORAL GABLES
CONDOMINIUM ASSOCIATION, INC.

FINANCIAL STATEMENTS

For the period ending
August 31, 2012

FOR MANAGEMENT PURPOSES ONLY

Notes: 1. Effective December 31, 2010 through December 31, 2012 as part of the Reform and Consumer
Protection Act, all deposits held in non-interest bearing transaction accounts (checking accounts) will be
fully insured, regardless of the amount in the account, at all FDIC-Insured institutions. For all accounts,
including interest bearing accounts that do not qualify for the unlimited FDIC insurance, FDIC coverage is
now permanently set at $250,000 per depositor at FDIC insured institutions.
2. Financial information is provided for owners who are members of this association only. The information
is believed to be accurate as of the date the documents are posted. Any owner receiving this information
shall not use the information in any way which is inconsistent with the requirements of governing state or
federal law.
3. CPA audit entries recorded in current period.

FirstService
Financial,
Inc.
Program
Rates
Effective
September
1,
2012
Operating
Accounts BankUnited US
Bank
Interest
Rate 0.00% 0.00%
Bank
Service
Charges None
All
funds
in
a
"noninterest
bearing
transaction
account"
are
insured
in
full
by
the
FDIC
through
12/31/12.
This
is
in

addition
to,
and
separate
from
the
general
FDIC
coverage
of
$250,000

Capital
First
Mutual
of
Seaside
Stonegate
Union

Money
Market
Account
Balances BankUnited Firstrust** HSBC US
Bank
One* Southern Omaha Bank Bank Bank
$0-‐99.9K 0.25% 0.25% 0.15% 0.50% 0.20% 0.25% 0.55% 0.50% 0.30% 0.05%
$100K+ 0.50% 0.60% 0.25% 0.67% 0.20% 0.25% 0.55% 0.80% 0.30% 0.55%

Available
at
No

Excess
Deposit
Insurance
for
deposits
above
the
Insured
Cash
Charge

N/A N/A N/A N/A N/A N/A N/A N/A
$250,000
FDIC
limit Sweep
Option (Evidenced
by

Certificate)

$204

Total
Assets $11
Billion $201
Billion $2.5
Billion $960
Million $5.5
Billion $750
Million $850
Million $89
Billion $330
Billion
Billion

Certificates
of
Deposit 1
Year
CD 2
Year
CD 2.5
Year
CD 5
Year
CD

Average
Rates
from
Wall
Street
Journal
-‐
September
4,
2012 0.30% 0.47% 0.45% 1.01%

Raymond
James-‐FFI
Preferential
CD
Purchasing
Program 0.50-‐0.60% 1.05-‐1.15% 1.10-‐1.20% 1.75-‐1.9%

*Capital
One
will
not
open
new
accounts
as
of
July
1,
2011.

The
rates
listed
are
for
accounts
opened
and
funded
prior
to
July
1,
2011.

**
FirsTrust
accounts
are
Savings
Accounts
-‐
any
withdrawls
must
be
done
by
cashiers
checks
made
payable
to
the
Association.
FirstService
Financial,
Inc.
(FFI)
is
an
affiliate
of
your
management
company
that
was
formed
for
the
purpose
of
aggregating
the
buying
power
of
communities
managed
by

firms
owned
by
FirstService
Corporation
(NASDAQ:FSRV).
FFI
programs
are
offered
exclusively
to
clients
of
our
affiliated
firms.
The
programs
are
not
mandatory,
however

many
clients
decide
to
take
part
because
of
the
added
value
we
can
deliver
based
on
the
global
purchasing
power
of
FirstService
Corporation.
FFI
may
receive
fees
from

banking
partners
for
their
assistance
with
the
development,
placement,
servicing
and
maintenance
of
their
products.

09/18/2012 8:50:11 AM Standard_Balance_Sheet
0T85 VILLA ALHAMBRA OF CORAL GABLES
08/31/2012
THE CONTINENTAL GROUP, INC.
2950 N 28 TERRACE
Hollywood FL 33020

Account Description As of Prior Month Inc/(Dec)
Aug

ASSETS

**CURRENT ASSETS
10010 13 Cash-Operating - Bank United 65,680 78,172 (12,492)
10200 Due (To)/From Reserves (3,480) (3,480) 0
10300 Accounts Receivable 1,327 1,167 160
10500 Prepaid Insurance 22,841 25,596 (2,755)
10505 Prepaid Expenses 2,470 3,202 (732)
10005 Petty Cash 250 250 0
12090 13 Cash-Deposits Bank United 7,715 7,715 0

**TOTAL CURRENT ASSETS $96,803 $112,622 ($15,818)

**RESTRICTED FUNDS
12010 13 Cash-Reserves - Bank United 24,380 20,897 3,484
12045 Due (To)/From Operating 3,480 3,480 0

**TOTAL RESTRICTED FUNDS $27,860 $24,377 $3,484

**OTHER ASSETS
19010 Utility Deposits 2,371 3,874 (1,503)

**TOTAL OTHER ASSETS $2,371 $3,874 ($1,503)

**TOTAL ASSETS $127,035 $140,872 ($13,838)

LIABILITIES

**CURRENT LIABILITIES
20000 Accounts Payable (11) 192 (203)
20005 Collection Fees due 25 20 5
20010 Accrued Expenses 6,408 9,815 (3,407)
20030 Insurance Payable 14,012 18,586 (4,574)
20080 Security Deposits 7,250 7,250 0
20100 Prepaid Assessments 15,630 18,097 (2,467)

**TOTAL CURRENT LIABILITIES $43,315 $53,960 ($10,645)

**RESERVE LIABILITIES
30000 01 Reserves A/C Equipment 3,727 3,261 466
30000 113d Reserves Bldg 1 Ext Painting 12,083 10,573 1,510
30000 113g Reserves Bldg 1 Roofing 9,072 7,938 1,134
30000 113q Reserves Bldg 1 Elevator 2,952 2,583 369
30080 Reserve-Interest 27 22 5

**TOTAL RESERVE LIABILITIES $27,861 $24,377 $3,484

**TOTAL LIABILITIES $71,175 $78,337 ($7,162)

EQUITY

**MEMBERS EQUITY
38015 Cap Contribution Int 0 310 (310)
38880 Fund Balance 67,481 76,789 (9,308)

Page 1 of 2

09/18/2012 8:50:11 AM Standard_Balance_Sheet
08/31/2012
2950 N 28 TERRACE
Hollywood FL 33020

Account Description As of Prior Month Inc/(Dec)
Aug
Current Year Net Income/(Loss) ($11,621) ($14,563) $2,942

**TOTAL MEMBERS EQUITY $55,859 $62,536 ($6,676)

**TOTAL LIABILITIES & EQUITY $127,035 $140,872 ($13,838)

Page 2 of 2

09/18/2012 3:39:46 PM Income Statement Budget vs Actual
08/31/2012
2950 N 28 TERRACE
Hollywood FL 33020

Account Description Aug Aug Aug YTD Actual YTD Variance
Actual Budget Variance Budget

REVENUE
40000 Owner Assessments 16,483 16,483 0 131,862 131,864 (2)
40002 00 Reserve Income 3,479 3,479 0 27,834 27,834 0
40011 Late Fee Income 75 0 75 442 0 442
40025 Returned Check Fees 0 0 0 60 0 60
40030 Screening Fees 0 0 0 175 0 175
40033 Parking Income 200 0 200 29,900 0 29,900
40060 Gate/Key Cards 0 0 0 655 0 655
40065 Violation Fees 0 0 0 1,000 0 1,000
40080 Interest Income 0 0 0 49 0 49
40081 Reserve Interest 5 0 5 27 0 27
40090 Miscellaneous Income 0 0 0 25 0 25
41011 Reimbursable Charges 0 0 0 1,040 0 1,040

**TOTAL REVENUE $20,242 $19,962 $279 $193,069 $159,698 $33,371

EXPENSES

**ADMINISTRATIVE
50005 Accounting Fees 1,208 208 (1,000) 4,764 1,664 (3,100)
50012 00 Bad Debts 0 0 0 1 0 (1)
50015 Bank Charges 0 8 8 30 64 34
50045 00 Legal Fees (4,916) 500 5,416 3,535 4,000 465
50048 Annual Condo Fees 12 12 0 96 96 0
50050 00 License,Taxes,Permit 108 50 (58) 551 400 (151)
50050 15 License,Taxes,Permit - Ele 0 21 21 266 168 (98)
50053 Corporate Annual Rep 5 5 0 41 40 (1)
50075 Office Supplies 57 100 43 202 800 598
50090 00 Professional Fees 0 208 208 0 1,664 1,664
50090 30 Professional Fees - Ins. A 0 83 83 0 664 664
50090 45 Professional Fees - Reserv 0 458 458 0 3,664 3,664
50100 Screening Fees 0 0 0 100 0 (100)
50110 Miscellaneous 157 56 (101) 308 448 140

**TOTAL ADMINISTRATIVE ($3,369) $1,709 $5,078 $9,893 $13,672 $3,779

**PROPERTY INSURANCE
52030 Multiperil Insurance 2,872 2,517 (355) 20,970 20,136 (834)

**TOTAL PROPERTY INSURANCE $2,872 $2,517 ($355) $20,970 $20,136 ($834)

**UTILITIES
54050 00 Electricity/Gas 1,074 1,167 93 7,842 9,336 1,494
54070 00 Water & Sewer 1,397 1,292 (105) 11,249 10,336 (913)
54100 00 Telephone 544 492 (52) 4,970 3,936 (1,034)

**TOTAL UTILITIES $3,014 $2,951 ($63) $24,062 $23,608 ($454)

**CONTRACTS
60023 Carpet Contract 0 125 125 0 1,000 1,000
60035 Elevator Contract 578 495 (83) 4,512 3,960 (552)
60046 30 Equipment Contract - Life 65 160 95 742 1,280 538
60065 Access System Maintenance 0 400 400 2,140 3,200 1,060
60066 Health Benefits 116 125 9 999 1,000 1
60074 Hvac System 0 250 250 1,500 2,000 500

Page 1 of 2

09/18/2012 3:39:46 PM Income Statement Budget vs Actual
08/31/2012
2950 N 28 TERRACE
Hollywood FL 33020

Account Description Aug Aug Aug YTD Actual YTD Variance
Actual Budget Variance Budget

60075 Janitorial Service 1,583 1,410 (173) 9,541 11,280 1,739
60090 Lawn Maintenance 490 750 260 5,350 6,000 650
61000 Management Services 1,404 1,574 170 11,254 12,592 1,338
61010 Pest Control 250 250 0 2,000 2,000 0
61055 Trash Removal 474 300 (174) 3,857 2,400 (1,457)
61075 Window Services 0 417 417 0 3,336 3,336

**TOTAL CONTRACTS $4,960 $6,256 $1,296 $41,895 $50,048 $8,153

**REPAIRS/MAINTENANCE
70005 R&M-Air Conditioning 178 83 (95) 1,105 664 (441)
70025 R&M-Building 0 83 83 660 664 5
70038 R&M-Driveway 0 100 100 0 800 800
70043 63 Repairs/Maintenance Painti 0 83 83 0 664 664
70045 R&M-Electrical 0 250 250 1,722 2,000 278
70048 32 R&M Equipment - Life Safet 2,228 42 (2,186) 3,366 336 (3,030)
70050 R&M-Entry System 840 100 (740) 12,874 800 (12,074)
70060 R&M-General 252 1,250 998 4,147 10,000 5,853
70119 R&M-Trash Chute 180 100 (80) 1,503 800 (703)
70125 R&M-Signage 0 25 25 473 200 (273)
70134 Landscaping 750 167 (583) 2,959 1,336 (1,623)
70216 R&M Janitorial Supplies 324 100 (224) 473 800 327
70289 00 Contingency 1,190 667 (523) 2,190 5,336 3,147

**TOTAL REPAIRS/MAINTENANCE $5,942 $3,050 ($2,892) $31,471 $24,400 ($7,071)

**SPECIAL PROJECTS
74005 00 Special Projects 0 0 0 53,039 0 (53,039)

**TOTAL SPECIAL PROJECTS $0 $0 $0 $53,039 $0 ($53,039)

**RESERVE TRANSFERS
80000 00 Reserve Transfers 3,479 3,479 0 27,834 27,834 0
80001 Reserve Interest 5 0 (5) 27 0 (27)

**TOTAL RESERVE TRANSFERS $3,484 $3,479 ($5) $27,861 $27,834 ($27)

**PRIOR YEAR ACTIVITY
70298 00 Prior Year Expense 397 0 (397) (4,500) 0 4,500

**TOTAL PRIOR YEAR ACTIVITY $397 $0 ($397) ($4,500) $0 $4,500

**TOTAL EXPENSES $17,300 $19,962 $2,662 $204,690 $159,698 ($44,992)

NET INCOME/(LOSS) $2,942 $0 $2,942 ($11,621) $0 ($11,621)

Page 2 of 2

09/17/2012 10:52:22 AM Bank Reconciliation
0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM
ASSOCIATION, INC.
OPR2 BANK UNITED OPR
As of Date: 08/31/2012

Bank Balance As Of $83,160.01
08/31/2012
Deposits in Transits 0.00
Outstanding Checks AP -17,480.04
_________________
08/31/2012

Book Balance As Of $65,679.97
08/31/2012
_________________
Adjusted Book Balance $65,679.97

09/17/2012 10:52:22 AM Outstanding Check List
OPR2 BANK UNITED OPR
For Checks Dated Through: 08/31/2012
Check Date Vendor Type Amount
20439 03/12/2012 CONT00 CONTINENTAL GROUP INC. Printed $2,036.26
20523 07/02/2012 FANT01 FANTASY GATES, INC. Printed $4,597.35
20567 08/13/2012 HALP00 HALPERN RODRIGUEZ LLP Printed $175.00
20571 08/20/2012 CITY05 CITY OF CORAL GABLES Printed $36.00
20573 08/20/2012 DANI62 DANIA S. FERNANDEZ Printed $923.75
20577 08/20/2012 MINO16 MINORCA CONDOMINIUM Printed $150.00
20579 08/27/2012 CONT00 CONTINENTAL GROUP INC. Printed $17.55
20580 08/27/2012 CONT00 CONTINENTAL GROUP INC. Printed $527.67
20581 08/27/2012 FLOR02 FLORIDA POWER & LIGHT Printed $1,073.52
20582 08/27/2012 GERS00 GERSTLE, ROSEN & GOLDENBERG, P.A. Printed $3,100.00
20584 08/31/2012 FLAT00 FLATIRON CAPITAL Printed $2,345.55
20585 08/31/2012 FLORA9 FLORIDA FIRE SAFETY INC Printed $2,228.28
20586 08/31/2012 DISC09 DISCOUNT LIGHTING AND Printed $269.11
Report Total $17,480.04

09/17/2012 1:59:56 PM Summary Batch Report for Cash Receipts
For Batch No 1 To 999999999
For Batch Dates 08/01/2012 To 08/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1839757 08/02/2012 OPR2 BANK UNITED OPR 349.78
0T85 - VILLA ALHAMBRA OF CORAL GABLES 1842384 08/06/2012 OPR2 BANK UNITED OPR 2,524.05

BANK UNITED OPR Total: 17,620.30

Page: 1

09/17/2012 1:22:43 PM AP Check History Report
For Checks Dated 08/01/2012 to 08/31/2012

For All Check Numbers
Bank: OPR2 BANK UNITED OPR 0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

Check Vendor Ck Date Void Date Workflow Status
ACH Vch # Invoice Proc Date GL Acct# Sub GL Desc Inv Amt Amt Paid Vch. Description
Print
Status

020554 CONT00 CONTINENTAL GROUP INC. 08/06/2012 115.71 Corp Mailed
None
2911031 J114441 08/06/2012 60066 Health Benefits 115.71 JULY 2012 HEALTH
INS

None
2911140 J114399 08/06/2012 50075 Office Supplies 44.60 JUNE 2012 REIMB
OFFI

020556 CONT00 CONTINENTAL GROUP INC. 08/06/2012 1,404.00 Corp Mailed
None
2911067 1208-98510 08/06/2012 61000 Management Services 1,404.00 AUG 2012 MONTHLY
SVC

020557 FLAT00 FLATIRON CAPITAL 08/06/2012 2,345.55 OnSite Released
None
2910964 3 OF 10 08/06/2012 20030 Insurance Payable 2,462.83 #5149180
None
2910964 3 OF 10 08/06/2012 20030 Insurance Payable (117.28) #5149180

020558 HIVA00 HI-VAC AIR CONDITIONING SVC 08/06/2012 178.00 OnSite Released
None
2910943 51034 08/06/2012 70005 R&M-Air Conditioning 178.00 REPAIRS

020559 MIAM00 MIAMI-DADE WATER & SEWER 08/06/2012 6,068.93 OnSite Released
None
2911008 4772244460 08/06/2012 54070 00 Water & Sewer 6,018.93 SVC 4/20/12-07/20/12
None
2911025 2351225935 08/06/2012 54070 00 Water & Sewer 50.00 SVC 07/27/12
WATER D

020560 RODR-5 NORA RODRIGUEZ 08/06/2012 314.58 OnSite Released
None
2910931 072612 08/06/2012 70216 R&M Janitorial Supplies 55.00 PETTY CASH
None
2910931 072612 08/06/2012 50110 Miscellaneous 7.25 PETTY CASH
None
2910931 072612 08/06/2012 70060 R&M-General 252.33 PETTY CASH

020561 SUNN15 SUNNY GREENS 08/06/2012 750.00 OnSite Released
None
2910924 3100 08/06/2012 70134 Landscaping 750.00 PENTAS

020562 VILL002 VILLA ALHAMBRA 08/06/2012 3,479.00 Corp Mailed
None
2911063 080112 08/06/2012 12031 00 Cash in Transit Reserves 3,479.00 XFER TO RSV1

Page 1 of 4



Print
Status

020563 WAST04 WASTE MANAGEMENT 08/06/2012 474.25 OnSite Released
None
2911075 8616987-2194-6 08/06/2012 61055 Trash Removal 474.25 194-0093801-2194-8

020564 ATT01 AT&T 08/13/2012 443.96 ACH
None
2919925 30544807520010 08/13/2012 54100 00 Telephone 443.96 SVC 07/25/12-08/24/1
449/072512

020565 ATT01 AT&T 08/13/2012 99.91 OnSite Released
None
2919929 30544466569100 08/13/2012 54100 00 Telephone 99.91 SVC 07/26/12-08/25/1
445/072612

020566 ATT01 AT&T 08/13/2012 08/13/2012 VOID 99.91 None
None
2919935 30544466569100 08/13/2012 54100 00 Telephone 99.91 SVC 07/26/12-08/25/1
445

020567 HALP00 HALPERN RODRIGUEZ LLP 08/13/2012 175.00 OnSite Released
None
2919955 4372 08/13/2012 50045 00 Legal Fees 175.00 FILE# 558

020568 POWE03 POWER EXTERMINATORS,INC 08/13/2012 250.00 OnSite Released
None
2919962 290835 08/13/2012 61010 Pest Control 250.00 JULY 2012 SVC

020569 SERV-00 SERVICEMASTER 08/13/2012 475.00 OnSite Released
RESTORATION SERV
None
2919972 CLN896 08/13/2012 70289 00 Contingency 475.00 CLEANING SVC

020570 SUNN15 SUNNY GREENS 08/13/2012 620.00 OnSite Released
None
2919965 3137 08/13/2012 61010 Pest Control 620.00 AUG 2012 SVC

020571 CITY05 CITY OF CORAL GABLES 08/20/2012 36.00 OnSite Released
None
2927142 372294 08/20/2012 50050 00 License,Taxes,Permit 36.00 ALARM
REGISTRATION

None
2927261 J115180 08/20/2012 60075 Janitorial Service 527.67 P/E 7/14/12-7/27/12

Page 2 of 4



Print
Status

020573 DANI62 DANIA S. FERNANDEZ 08/20/2012 923.75 OnSite Released
None
2927176 2001 08/20/2012 50045 00 Legal Fees 300.00 MATTER#11-1116
None
2927178 1985 08/20/2012 50045 00 Legal Fees 623.75 MATTER#11-1116

020574 DECK00 DECKTIGHT ROOFING 08/20/2012 580.00 OnSite Released
None
2927189 52818 08/20/2012 70289 00 Contingency 580.00 SERVICE

020575 ECOL00 ECOLO ODOR CONTROL 08/20/2012 120.00 OnSite Released
None
2927195 165226 08/20/2012 70119 R&M-Trash Chute 60.00 AUG SVC
None
2927205 164752 08/20/2012 70119 R&M-Trash Chute 60.00 JULY SVC

020576 FANT01 FANTASY GATES, INC. 08/20/2012 840.00 OnSite Released
None
2927240 9535 08/20/2012 70050 R&M-Entry System 840.00 SERVICE

020577 MINO16 MINORCA CONDOMINIUM 08/20/2012 150.00 OnSite Released
None
2927254 Meeting 10/16/12 08/20/2012 50110 Miscellaneous 150.00 RSV MEETING
ROOM

020578 RODR242 NORA RODRIGUEZ 08/20/2012 134.50 OnSite Released
None
2927255 080812 08/20/2012 70289 00 Contingency 134.50 Reimb for purchase o

None
2927265 J114837 08/20/2012 20005 Collection Fees due 5.00 JULY REIMB COLL
COST
None
2933581 J115273 08/27/2012 50075 Office Supplies 12.55 AUG 2012 REIMB
OFFIC

None
2933583 J115289 08/27/2012 60075 Janitorial Service 527.67 REIMB PAYROLL
07/28-

020581 FLOR02 FLORIDA POWER & LIGHT 08/27/2012 1,073.52 OnSite Released
None
2933923 89495-36307 08/27/2012 54050 00 Electricity/Gas 1,073.52 SVC 07/23-08/22/12

Page 3 of 4



Print
Status

020582 GERS00 GERSTLE, ROSEN & 08/27/2012 3,100.00 OnSite Released
GOLDENBERG, P.
None
2933516 062812 08/27/2012 50005 Accounting Fees 3,100.00 AUDIT &
PREPARATION

020583 DISC38 DISCOUNT LIGHTING 08/31/2012 08/31/2012 VOID 269.11 None
None
2939857 7374 08/31/2012 70216 R&M Janitorial Supplies 269.11 SUPPLIES

020584 FLAT00 FLATIRON CAPITAL 08/31/2012 2,345.55 None
None
2939873 4 OF 10 08/31/2012 20030 Insurance Payable 2,345.55 #5149180*4 OF 10
PYM

020585 FLORA9 FLORIDA FIRE SAFETY INC 08/31/2012 2,228.28 None
None
2939851 34000 08/31/2012 70048 32 R&M Equipment - Life Safety 2,228.28 SERVICE CALL

020586 DISC09 DISCOUNT LIGHTING AND 08/31/2012 269.11 None
None
2940492 7374 08/31/2012 70216 R&M Janitorial Supplies 269.11 white trash liner,sm

Bank Totals 30,112.09
Total Number of Checks 31

Page 4 of 4

09/17/2012 1:51:09 PM AP Voucher Detail Report
For 08/01/2012 08/31/2012

Entity Vch # Vendor Inv # Amount Voucher Description Bank Chk # Chk Date Amount
Account: 12031-00 Cash in Transit Reserves
0T85 2911063 VILL002 VILLA ALHAMBRA 080112 3,479.00 XFER TO RSV1 OPR2 020562 08/06/2012 3,479.00
Account: 12031-00 Cash in Transit Reserves 3,479.00

Account: 20005 Collection Fees due
0T85 2927265 CONT00 CONTINENTAL GROU J114837 05.00 JULY REIMB COLL COST OPR2 020579 08/27/2012 05.00
Account: 20005 Collection Fees due 05.00

Account: 20030 Insurance Payable
0T85 2910964 FLAT00 FLATIRON CAPITAL 3 OF 10 2,462.83 #5149180 OPR2 020557 08/06/2012 2,462.83
0T85 2910964 FLAT00 FLATIRON CAPITAL 3 OF 10 -117.28 #5149180 OPR2 020557 08/06/2012 -117.28
0T85 2939873 FLAT00 FLATIRON CAPITAL 4 OF 10 2,345.55 #5149180*4 OF 10 PYMT OPR2 020584 08/31/2012 2,345.55
Account: 20030 Insurance Payable 4,691.10

Account: 50005 Accounting Fees
0T85 2933516 GERS00 GERSTLE, ROSEN & 062812 3,100.00 AUDIT & PREPARATION OPR2 020582 08/27/2012 3,100.00
YR E
Account: 50005 Accounting Fees 3,100.00

Account: 50045-00 Legal Fees
0T85 2919955 HALP00 HALPERN RODRIGUE 4372 175.00 FILE# 558 OPR2 020567 08/13/2012 175.00
0T85 2927176 DANI62 DANIA S. FERNAND 2001 300.00 MATTER#11-1116 OPR2 020573 08/20/2012 300.00
0T85 2927178 DANI62 DANIA S. FERNAND 1985 623.75 MATTER#11-1116 OPR2 020573 08/20/2012 623.75
Account: 50045-00 Legal Fees 1,098.75

Account: 50050-00 License,Taxes,Permit
0T85 2927142 CITY05 CITY OF CORAL GA 372294 36.00 ALARM REGISTRATION OPR2 020571 08/20/2012 36.00
Account: 50050-00 License,Taxes,Permit 36.00

Account: 50075 Office Supplies
0T85 2911140 CONT00 CONTINENTAL GROU J114399 44.60 JUNE 2012 REIMB OFFICE OPR2 020555 08/06/2012 44.60
S
0T85 2933581 CONT00 CONTINENTAL GROU J115273 12.55 AUG 2012 REIMB OFFICE OPR2 020579 08/27/2012 12.55
SU
Account: 50075 Office Supplies 57.15

Account: 50110 Miscellaneous
0T85 2910931 RODR-5 NORA RODRIGUEZ 072612 07.25 PETTY CASH OPR2 020560 08/06/2012 07.25
0T85 2927254 MINO16 MINORCA CONDOMIN Meeting 10/16/12 150.00 RSV MEETING ROOM OPR2 020577 08/20/2012 150.00
Account: 50110 Miscellaneous 157.25

Account: 54050-00 Electricity/Gas
0T85 2933923 FLOR02 FLORIDA POWER & 89495-36307 1,073.52 SVC 07/23-08/22/12 OPR2 020581 08/27/2012 1,073.52
Account: 54050-00 Electricity/Gas 1,073.52

Account: 54070-00 Water & Sewer
0T85 2911008 MIAM00 MIAMI-DADE WATER 4772244460 6,018.93 SVC 4/20/12-07/20/12 OPR2 020559 08/06/2012 6,018.93
0T85 2911025 MIAM00 MIAMI-DADE WATER 2351225935 50.00 SVC 07/27/12 WATER OPR2 020559 08/06/2012 50.00
DEP.
0T85 2920353 MIAM00 MIAMI-DADE WATER 9623684491 -201.83 SVC 01/23/12-04/20/12 OPR2
0T85 2933526 MIAM00 MIAMI-DADE WATER 8615285415 47.02 SVC 01/23/12-04/20/12 OPR2
Account: 54070-00 Water & Sewer 5,866.29

Page: 1

For 08/01/2012 08/31/2012


Account: 54100-00 Telephone
0T85 2919925 ATT01 AT&T 30544807520010 443.96 SVC 07/25/12-08/24/12 OPR2 020564 08/13/2012 443.96
449/072512
0T85 2919929 ATT01 AT&T 30544466569100 99.91 SVC 07/26/12-08/25/12 OPR2 020565 08/13/2012 99.91
445/072612
Account: 54100-00 Telephone 543.87

Account: 60066 Health Benefits
0T85 2911031 CONT00 CONTINENTAL GROU J114441 115.71 JULY 2012 HEALTH INS. OPR2 020554 08/06/2012 115.71
Account: 60066 Health Benefits 115.71

Account: 60075 Janitorial Service
0T85 2927261 CONT00 CONTINENTAL GROU J115180 527.67 P/E 7/14/12-7/27/12 OPR2 020572 08/20/2012 527.67
0T85 2933583 CONT00 CONTINENTAL GROU J115289 527.67 REIMB PAYROLL 07/28- OPR2 020580 08/27/2012 527.67
08/1
Account: 60075 Janitorial Service 1,055.34

Account: 61000 Management Services
0T85 2911067 CONT00 CONTINENTAL GROU 1208-98510 1,404.00 AUG 2012 MONTHLY SVC OPR2 020556 08/06/2012 1,404.00
Account: 61000 Management Services 1,404.00

Account: 61010 Pest Control
0T85 2919962 POWE03 POWER 290835 250.00 JULY 2012 SVC OPR2 020568 08/13/2012 250.00
EXTERMINAT
0T85 2919965 SUNN15 SUNNY GREENS 3137 620.00 AUG 2012 SVC OPR2 020570 08/13/2012 620.00
Account: 61010 Pest Control 870.00

Account: 61055 Trash Removal
0T85 2911075 WAST04 WASTE 8616987-2194-6 474.25 194-0093801-2194-8 OPR2 020563 08/06/2012 474.25
MANAGEMENT
Account: 61055 Trash Removal 474.25

Account: 70005 R&M-Air Conditioning
0T85 2910943 HIVA00 HI-VAC AIR CONDI 51034 178.00 REPAIRS OPR2 020558 08/06/2012 178.00
Account: 70005 R&M-Air Conditioning 178.00

Account: 70048-32 R&M Equipment - Life Safety
0T85 2939851 FLORA9 FLORIDA FIRE SAF 34000 2,228.28 SERVICE CALL OPR2 020585 08/31/2012 2,228.28
Account: 70048-32 R&M Equipment - Life Safety 2,228.28

Account: 70050 R&M-Entry System
0T85 2927240 FANT01 FANTASY GATES, I 9535 840.00 SERVICE OPR2 020576 08/20/2012 840.00
Account: 70050 R&M-Entry System 840.00

Account: 70060 R&M-General
Account: 70060 R&M-General 252.33

Account: 70119 R&M-Trash Chute
0T85 2927195 ECOL00 ECOLO ODOR CONTR 165226 60.00 AUG SVC OPR2 020575 08/20/2012 60.00
0T85 2927205 ECOL00 ECOLO ODOR CONTR 164752 60.00 JULY SVC OPR2 020575 08/20/2012 60.00
Account: 70119 R&M-Trash Chute 120.00

Account: 70134 Landscaping

Page: 2

For 08/01/2012 08/31/2012

0T85 2910924 SUNN15 SUNNY GREENS 3100 750.00 PENTAS OPR2 020561 08/06/2012 750.00
Account: 70134 Landscaping 750.00

Account: 70216 R&M Janitorial Supplies
0T85 2940492 DISC09 DISCOUNT LIGHTIN 7374 269.11 white trash liner,small OPR2 020586 08/31/2012 269.11
Account: 70216 R&M Janitorial Supplies 324.11

Account: 70289-00 Contingency
0T85 2919972 SERV-00 SERVICEMASTER R CLN896 475.00 CLEANING SVC OPR2 020569 08/13/2012 475.00
0T85 2927189 DECK00 DECKTIGHT ROOFIN 52818 580.00 SERVICE OPR2 020574 08/20/2012 580.00
0T85 2927255 RODR242 NORA RODRIGUEZ 080812 134.50 Reimb for purchase of-ce OPR2 020578 08/20/2012 134.50
Account: 70289-00 Contingency 1,189.50

Totals: 29,909.45 30,112.09

Page: 3

09/17/2012 2:02:17 PM Delinquent Report
0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.
As of 08/31/2012

Building: 0000 - VILLA ALHAMBRA CONDO ASSOC
C/O THE CONTINENTAL GROUP INC
50 ALHAMBRA CIR
CORAL GABLES, FL 33134

Unit Resident Unit Address Status Date Last Pay Last Pay Current Over 30 Over 60 Over 90 Balance
Date Amount Days Days Days

CL Cleared Collections

0405 01 Luciano Visentin 50 Alhambra Cir 405 03/14/2012 02/29/2012 3,988.54 30.00 30.00
0406 01 Jose Luis Ruiz 50 Alhambra Cir 406 10/07/2011 06/29/2012 1,100.00 100.00 100.00

Totals: 2 0.00 100.00 0.00 30.00 130.00
RM Reminder Notice

0104 01 Alexandra V Mandado 50 Alhambra Cir 104 09/17/2012 09/10/2012 848.00 30.00 122.40 5.00 10.00 167.40
0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 06/29/2012 300.00 1,000.00 1,000.00
0312 01 Jose Luis Ruiz 50 Alhambra Cir 312 09/17/2012 08/21/2012 412.66 5.00 25.00 30.00

Totals: 3 35.00 1,147.40 5.00 10.00 1,197.40

0000 Totals: 35.00 1,247.40 5.00 40.00 1,327.40
BC Return Check Fees 0.00 0.00 0.00 30.00 30.00
PM Parking Fees 0.00 1,100.00 0.00 0.00 1,100.00
RN Reminder Collection Cost 10.00 5.00 5.00 10.00 30.00
MM Maintenance Fees 0.00 142.40 0.00 0.00 142.40
LF Late Fees 25.00 0.00 0.00 0.00 25.00

Grand Totals: 35.00 1,247.40 5.00 40.00 1,327.40
BC Return Check Fees 0.00 0.00 0.00 30.00 30.00
PM Parking Fees 0.00 1,100.00 0.00 0.00 1,100.00
RN Reminder Collection Cost 10.00 5.00 5.00 10.00 30.00
MM Maintenance Fees 0.00 142.40 0.00 0.00 142.40
LF Late Fees 25.00 0.00 0.00 0.00 25.00

Page: 1

09/17/2012 2:52:45 PM Prepaid Insurance Schedule Report
Month ending August 31, 2012

Description Policy # From To Total Premium Paid To Date Included in Total Prepaid
A/P Expensed Balance
Property CFP10315 05/16/2012 05/15/2013 20,827.00 9,585.75 11,241.25 6,162.48 14,664.52
990518
Umbrella TBA 05/16/2012 05/15/2013 2,147.67 999.54 1,148.13 635.04 1,512.63
Boiler & Machinery FBP23252 05/16/2012 05/15/2013 1,079.00 502.17 576.83 319.68 759.32
35
Crime 105564327 05/16/2012 05/15/2013 205.64 85.71 119.93 60.48 145.16
2
Directors & Officers 105092690 05/16/2012 05/15/2013 1,106.20 514.83 591.37 327.24 778.96
Finance Charge/Taxes N/A 05/16/2012 05/15/2013 626.54 291.60 334.94 185.76 440.78
Package PHPK8445 05/16/2012 05/15/2013 3,245.17 3,245.17 0.00 960.12 2,285.05
86
DIC / Wrap PHPK8445 05/16/2012 05/15/2013 3,201.51 3,201.51 0.00 947.16 2,254.35
90

Total 32,438.73 18,426.28 14,012.45 9,597.96 22,840.77

Expense for the Month Remaining Prepaid Comments
Description Policy # Days Per Day Adjustment Total Days Months
Property CFP10315 31 57.06 0.00 1,768.86 257 8.4 52030
990518
Umbrella TBA 31 5.88 0.00 182.28 257 8.4 52030
Boiler & Machinery FBP23252 31 2.96 0.00 91.76 257 8.4 52030
35
Crime 105564327 31 0.56 0.00 17.36 257 8.4 52030
2
Directors & Officers 105092690 31 3.03 0.00 93.93 257 8.4 52030
Finance Charge/Taxes N/A 31 1.72 0.00 53.32 257 8.4 52030
Package PHPK8445 31 8.89 0.00 275.59 257 8.4 52030
86
DIC / Wrap PHPK8445 31 8.77 0.00 271.87 257 8.4 52030
90

Total 88.87 0.00 2,754.97

Page 1 of 1

09/17/2012 2:56:32 PM Prepaid Expenses Schedule Report
ASSOCIATION, INC.

Description GL Account From To Total Amount Total Exp. Prepaid Balance
Long Term Entries
Equip Contract-Life Safety- Fire Controls 60046-30 01/01/2012 08/31/2012 83.33 10.39 0.00
Annual Condo Fees- Florida DBPR 50048 01/01/2012 12/31/2012 144.00 12.00 48.00
Florida Fire Safety Annual Inspection 60046-30 01/01/2012 08/31/2012 180.12 22.48 0.00
Fire Alarm System - Florida Fire Safety 60046-30 02/01/2012 12/31/2012 348.08 31.64 126.60
Corporate Annual Rep - FDBR 50053 02/01/2012 12/31/2012 56.10 5.10 20.40
All American - Fire sprinkler & pump Insp. 50050-00 03/01/2012 02/28/2013 595.00 49.58 297.52
Elevator Contract- Otis Elevator 60035 06/01/2012 11/30/2012 3,470.10 578.35 1,735.05
Miami Dade County Permit 50050-00 08/01/2012 07/31/2013 150.00 12.50 137.50
City of Coral Gables- fire inspecion permit 50050-00 08/01/2012 07/31/2013 114.58 9.55 105.03

Total 5,141.31 731.59 2,470.10

Page 1 of 1

ASSOCIATION, INC.
SEC2 BANK UNITED SEC DEP
As of Date: 08/31/2012

08/31/2012
Outstanding Checks AP 0.00
_________________
08/31/2012

08/31/2012
_________________

ASSOCIATION, INC.
RSV1 BANK UNITED MM RSV
As of Date: 08/31/2012

08/31/2012
Outstanding Checks AP 0.00
_________________
08/31/2012

08/31/2012
Adjustments interest 4.69
_________________

09/17/2012 2:00:17 PM Summary Batch Report for Cash Receipts
For Batch No 1 To 999999999
For Batch Dates 08/01/2012 To 08/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1857055 08/21/2012 RSV1 BANK UNITED MM RSV 3,479.00

BANK UNITED MM RSV Total: 3,479.00

Page: 1

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.
Schedule of Utility Deposits
August 31, 2012

19010
Description Account # Date Amount

Florida Power and Light 89495-36307 10/29/2008 724.00
Florida Power and Light 89495-36307 10/09 3,150.00
Org pd by Developer
CPA 2011 Audit Adj 8/31/2012 (1,503.00)

Total $ 2,371.00

09/17/2012 1:49:28 PM Open Invoice Report
As Of 08/31/2012
Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv Days
Inv Date Due Date Description Bank Code
For Entity: VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.
2867488 Regular J113544 06/25/2012 CONTINENTAL GROUP INC. Yes 192.00 00.00 192.00 67
06/13/2012 06/25/2012 MEDICAL JUNE 2012 OPR2 BANK UNITED OPR
0T85 60066 Health Benefits 192.00 00.00 192.00

2920353 Utility 9623684491 08/13/2012 MIAMI-DADE WATER & SEWER Yes -201.83 00.00 -201.83 18
07/27/2012 08/13/2012 SVC 01/23/12-04/20/12 OPR2 BANK UNITED OPR
0T85 54070-00 Water & Sewer -201.83 00.00 -201.83

2933521 Utility 8023815730 08/27/2012 MIAMI-DADE WATER & SEWER Yes -00.81 00.00 -00.81 4
08/06/2012 08/27/2012 SVC 01/23/12-04/20/12 OPR2 BANK UNITED OPR
0T85 54070-00 Water & Sewer -00.81 00.00 -00.81

Vendor Totals Invoices: -10.64 00.00 -10.64
Credits: -202.64
Checks:

Page 1 of 1

Schedule of Collection Fees Due
August 31, 2012

Reimbursed to The Continental Group, Inc.
Description Date Amount Date Check# Amount

Collection Charges/Credits 9/30/10 100.00
Collection Charges/Credits 2/11/11 02/14/11 20148 (100.00)
Collection Charges/Credits 3/31/11 100.00 03/21/11 20171 (35.00)
Collection Charges/Credits 8/31/11 (5.00) 11/21/11 Credit/20353 25.00
Collection Charges/Credits 3/31/12 (25.00)

Subtotal $ 870.00 $ (845.00)

Total Collection Fees Due $ 25.00

Note: Fees charged to homeowners and due to management company for collection correspondence. Remittance occurs only
after homeowner receipts have satisfied all association receivable balances.

09/18/2012 8:33:21 AM Accrued Expenses Schedule Report

Description Invoice Amount From To Account Number Days Calculated Amount
Accounting Fees 2012 1,664.00 01/01/2012 08/31/2012 50005 1,664.00
Pest Control- Power 250.00 08/01/2012 08/31/2012 61010 250.00
Exterminators
Water & Sewer - MDWS 2,006.00 08/01/2012 08/31/2012 54070-00 2,006.00
Lawn Maintenance - Lukes 750.00 03/01/2012 03/31/2012 60090 750.00
Sawgrass
Trash Removal Waste 474.25 08/01/2012 08/31/2012 61055 474.25
Mangement
Sunny Green-lawn service 620.00 07/01/2012 07/31/2012 60090 620.00
Heath Insurance 115.71 08/01/2012 08/31/2012 60066 115.71
Continental-janitorial services 527.67 08/01/2012 08/31/2012 60075 527.67

Total 6,407.63

Page 1 of 1

Schedule of Security Deposits
August 31, 2012

DEPOSIT REFUNDS
UNIT # OWNER'S/RENTER'S NAME DATE AMOUNT DATE AMOUNT CK # BALANCE

112 Chico Industries 12/08/09 500.00 500.00
306 Christiana Meitzner 09/16/09 500.00 500.00
307 Norman Cerna Barquero 07/28/08 500.00 500.00
307 Norman Cerna Barquero 12/10/08 500.00 03/12/12 500.00 203 -
308 Celso Miragaya 11/18/09 500.00 500.00
310 Joao Fernando Kfouri 09/16/09 500.00 500.00
311 Maria Riquezes Curiel 10/05/09 500.00 500.00
311 Maria Riquezes Curiel 02/01/10 500.00 500.00
312 Mendatta, LLC 03/23/09 500.00 500.00
312 Mendatta, LLC 07/29/09 500.00 500.00
403 Victor Planchart 12/15/08 500.00 500.00
403 Victor Planchart 10/12/09 500.00 500.00
404 Jennifer Homes, Inc. 03/29/11 250.00 250.00
405 Luciano Visentin 04/02/09 500.00 12/12/11 500.00 202 -
406 Mendatta, LLC 03/23/09 500.00 500.00
406 Mendatta, LLC 08/24/09 500.00 500.00
407 Tito Cabrera Bello 05/13/09 500.00 500.00

$9,750.00 $2,500.00 $ 7,250.00

$7,250.00
Total

Bank fees (35.00)
Cash to transfer to OPR fr bank a/c closure 11/30/10 500.00

Cash Balance $ 7,715.00

Diff $0.00

09/17/2012 2:03:02 PM Prepaid Report
As of 08/31/2012

50 ALHAMBRA CIR


No Collection Status

0101 01 Randall Gluss 50 Alhambra Cir 101 09/04/2012 864.69 -0.48 -0.48
0103 01 Antonio Espinoza 50 Alhambra Cir 103 08/22/2012 851.33 -1,702.66 -0.64 -1,703.30
0107 01 Marta Megassini 50 Alhambra Cir 107 08/29/2012 859.18 -859.18 -20.00 -879.18
0108 01 Joseph Monagle 50 Alhambra Cir 108 08/14/2012 851.33 -851.33 -0.24 -851.57
0110 01 Rober Gordon 50 Alhambra Cir 110 08/29/2012 851.33 -851.33 -851.33
0302 01 Michael E Dearing 50 Alhambra Cir 302 08/17/2012 412.66 -412.66 -412.66
0303 01 Ernesto Velazquez 50 Alhambra Cir 303 08/30/2012 358.25 -358.25 -358.25 -358.25 -168.57 -1,243.32
0307 01 Norman Cerna 50 Alhambra Cir 307 09/07/2012 349.78 -263.91 -263.91
0310 01 Joao Fernando Kfouri 50 Alhambra Cir 310 08/30/2012 399.66 -399.66 -399.66
0409 01 Narciso Iturralde 50 Alhambra Cir 409 09/11/2012 358.25 -79.94 -79.94
0410 01 Neha Sridhar 50 Alhambra Cir 410 08/15/2012 399.66 -399.66 -0.12 -399.78

Totals: 11 -6,179.06 -379.25 -358.25 -168.57 -7,085.13
CL Cleared Collections

0405 01 Luciano Visentin 50 Alhambra Cir 405 03/14/2012 02/29/2012 3,988.54 -1,479.12 -1,479.12
0406 01 Jose Luis Ruiz 50 Alhambra Cir 406 10/07/2011 06/29/2012 1,100.00 -1,220.04 -1,220.04

Totals: 2 0.00 0.00 -1,220.04 -1,479.12 -2,699.16
RM Reminder Notice

0301 01 Juan Gonzalez 50 Alhambra Cir 301 04/18/2011 07/02/2012 479.78 -529.22 -529.22
0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 06/29/2012 300.00 -300.00 -1,399.12 -1,699.12
0311 01 Maria Riquezes 50 Alhambra Cir 311 07/16/2012 09/04/2012 479.79 -0.01 -0.01
0402 01 Nicole De Delva 50 Alhambra Cir 402 11/16/2011 09/12/2012 392.66 -20.00 -20.00
0404 01 Manuel Cao Quintero 50 Alhambra Cir 404 01/17/2012 01/17/2012 4,795.92 -1,598.76 -1,598.76
0407 01 Tito Cabrera Bello 50 Alhambra Cir 407 10/18/2011 09/04/2012 349.78 -288.82 -288.82

Totals: 6 -308.83 0.00 -829.22 -2,997.88 -4,135.93

Page: 1

09/17/2012 2:03:02 PM Prepaid Report
As of 08/31/2012

50 ALHAMBRA CIR


NL No Letters

0408 01 Fernando Perez 50 Alhambra Cir 408 07/06/2011 07/10/2012 427.48 -1,709.92 -1,709.92

Totals: 1 0.00 -1,709.92 0.00 0.00 -1,709.92

0000 Totals: -6,487.89 -2,089.17 -2,407.51 -4,645.57 -15,630.14
MM Maintenance Fees -6,487.89 -2,089.17 -2,407.51 -4,535.57 -15,520.14
LF Late Fees 0.00 0.00 0.00 -75.00 -75.00
RN Reminder Collection Cost 0.00 0.00 0.00 -10.00 -10.00
DN Demand Collection Cost 0.00 0.00 0.00 -25.00 -25.00

Grand Totals: -6,487.89 -2,089.17 -2,407.51 -4,645.57 -15,630.14
MM Maintenance Fees -6,487.89 -2,089.17 -2,407.51 -4,535.57 -15,520.14
LF Late Fees 0.00 0.00 0.00 -75.00 -75.00
RN Reminder Collection Cost 0.00 0.00 0.00 -10.00 -10.00
DN Demand Collection Cost 0.00 0.00 0.00 -25.00 -25.00

Page: 2

Income Statement - Schedule of Prior Year Expense
August 31, 2012

Service GL Code 70298
Description GL Code Date Period Amount

Window Services Accrual 2011 61075 04/11-12/11 (4500.00)

.
Total $ (4,500.00)

Villa Alhambra Financials Aug. 2012

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