Pavilion Condo Financial statement 20180331

1. 05/01/2018 12:24:40 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
03/31/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Mar
Actual
Mar
Budget
Mar
Variance
YTD Actual YTD
Budget
Variance
**REVENUE
40000 Owner Assessments 232,378 232,378 0 697,135 697,134 1
40004 Special Assess Fees 147,735 116,700 31,035 443,206 350,100 93,106
40011 Late Fee Income 727 350 377 2,871 1,050 1,821
40020 Holiday Fund 0 0 0 670 0 670
40025 Returned Check Fees 270 50 220 390 150 240
40030 Screening Fees 100 750 (650) 100 2,250 (2,150)
40033 Parking Income 5,925 3,800 2,125 21,860 11,400 10,460
40045 Transfer Fees 0 0 0 550 0 550
40055 Vending Machine 0 200 (200) 109 600 (491)
40060 Gate/Key Cards 75 220 (145) 400 660 (260)
40065 Violation Fees 0 250 (250) 0 750 (750)
40066 Transmitter Income 0 0 0 25 0 25
40068 Key Fob Income 350 850 (500) 1,250 2,550 (1,300)
40080 Interest Income 105 0 105 317 0 317
40082 Spec Assess Interest 1,836 0 1,836 5,421 0 5,421
40085 Recovery of Bad Debt (1,493) 0 (1,493) 19,572 0 19,572
40090 Miscellaneous Income 821 2,000 (1,179) 1,418 6,000 (4,582)
40115 01 Administrative Fee - Reminder Letter 20 0 20 120 0 120
40115 02 Administrative Fee - Demand Letter 200 0 200 950 0 950
41000 Rental Income 0 2,500 (2,500) 150 7,500 (7,350)
41005 Storage Income 3,550 1,920 1,630 9,050 5,760 3,290
41010 House Charges 13,650 1,000 12,650 19,322 3,000 16,322
41038 Association Owned Units 0 8,000 (8,000) 0 24,000 (24,000)
**TOTAL REVENUE $406,248 $370,968 $35,280 $1,224,886 $1,112,904 $111,982
EXPENSES
**ADMINISTRATIVE
50005 Accounting Fees 708 0 (708) 2,124 0 (2,124)
50015 Bank Charges 0 0 0 15 0 (15)
50045 00 Legal Fees 48,541 2,000 (46,541) 81,145 6,000 (75,145)
50045 04 Legal Fees - Collections 615 1,000 385 1,915 3,000 1,085
50048 Bureau of Condominium Due 0 280 280 0 840 840
50050 00 License,Taxes,Permit 231 250 19 857 750 (107)
50050 25 License,Taxes,Permit - Fees Payable to State 0 150 150 0 450 450
50065 Office Equipment 1,790 250 (1,540) 2,773 750 (2,023)
50075 Office Supplies 309 500 191 1,486 1,500 14
50078 Courier Service 0 20 20 0 60 60
50081 Printing And Postage 373 200 (173) 2,290 600 (1,690)
50100 Screening Fees 0 150 150 0 450 450
50101 Interest Expense 169 0 (169) 865 0 (865)
50105 Property Taxes 708 0 (708) 2,124 0 (2,124)
50130 Maintenance Fee Exp 10,015 0 (10,015) 30,045 0 (30,045)
**TOTAL ADMINISTRATIVE $63,460 $4,800 ($58,660) $125,638 $14,400 ($111,238)
**PROPERTY INSURANCE
52030 Multiperil Insurance 33,153 48,000 14,847 96,250 144,000 47,750
**TOTAL PROPERTY INSURANCE $33,153 $48,000 $14,847 $96,250 $144,000 $47,750
**UTILITIES
54050 00 Electricity 19,655 20,600 945 63,345 61,800 (1,545)
Page 1 of 3

2. 05/01/2018 12:24:40 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
03/31/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Mar
Actual
Mar
Budget
Mar
Variance
YTD Actual YTD
Budget
Variance
54070 00 Water & Sewer 36,743 26,500 (10,243) 90,426 79,500 (10,926)
54080 Gas/Fuel Oil 5,758 3,700 (2,058) 17,580 11,100 (6,480)
54100 00 Telephone 1,561 700 (861) 5,584 2,100 (3,484)
**TOTAL UTILITIES $63,718 $51,500 ($12,218) $176,936 $154,500 ($22,436)
**CONTRACTS
60005 Air Conditioning 1,500 1,500 0 4,500 4,500 0
60013 Cable Television 22,613 18,400 (4,213) 67,729 55,200 (12,529)
60035 Elevator Contract 1,810 1,500 (310) 5,429 4,500 (929)
60050 Fire Alarm System 454 950 496 1,242 2,850 1,608
60065 Access Control 200 200 0 600 600 0
60070 Emergency Generator 118 250 132 353 750 397
60072 Gymnasium Maintenance 112 200 88 302 600 298
60075 Janitorial Service 11,295 9,200 (2,095) 30,733 27,600 (3,133)
60090 Lawn Maintenance 200 275 75 2,600 825 (1,775)
61000 Management Services 7,263 7,070 (193) 21,789 21,210 (579)
61010 Pest Control 481 500 19 1,443 1,500 57
61020 Pool/Spa Contract 545 695 150 1,545 2,085 540
61045 00 Security Services 22,530 24,000 1,470 63,156 72,000 8,844
61055 Trash Removal 4,526 3,100 (1,426) 11,913 9,300 (2,613)
61060 Uniforms Contract 447 200 (247) (241) 600 841
61065 Valet Service 20,558 17,000 (3,558) 61,674 51,000 (10,674)
61070 Water Treatment 477 425 (52) 1,431 1,275 (156)
**TOTAL CONTRACTS $95,128 $85,465 ($9,663) $276,198 $256,395 ($19,803)
**SALARIES & BENEFITS
65000 01 Salaries - Manager 0 6,667 6,667 0 20,001 20,001
65000 02 Salaries - Maintenance 17,621 10,880 (6,741) 52,627 32,640 (19,987)
65000 11 Salaries - Admin 6,905 1,680 (5,225) 23,964 5,040 (18,924)
65000 12 Salaries - Asst Mgr 0 6,825 6,825 0 20,475 20,475
65040 Medical/Dental Insurance 555 2,425 1,870 3,024 7,275 4,251
65050 Workers Compensation 1,177 850 (327) 3,418 2,550 (868)
65060 Payroll Process Fees 435 270 (165) 983 810 (173)
65065 00 Payroll Taxes 1,376 3,806 2,430 4,944 11,418 6,474
**TOTAL SALARIES & BENEFITS $28,070 $33,403 $5,333 $88,960 $100,209 $11,249
**REPAIRS/MAINTENANCE
70020 R&M-Boiler 1,155 500 (655) 1,925 1,500 (425)
70025 R&M-Building 30,689 600 (30,089) 45,758 1,800 (43,958)
70040 R&M-Elevator 0 200 200 948 600 (348)
70045 R&M-Electrical 0 250 250 0 750 750
70060 R&M-General 2,946 1,000 (1,946) 4,847 3,000 (1,847)
70075 R&M-Maint Equipment 0 650 650 0 1,950 1,950
70077 Maintenance Repairs 0 500 500 0 1,500 1,500
70090 R&M-Plumbing 8,900 500 (8,400) 8,900 1,500 (7,400)
70095 R&M-Pool/Spa/Fountai 378 150 (228) 453 450 (3)
70110 R&M-Roof 0 50 50 0 150 150
70115 Mach/Equipment/Security 906 150 (756) 2,089 450 (1,639)
70190 R&M-Supplies 533 1,800 1,267 2,810 5,400 2,590
70289 00 Contingency 1,955 0 (1,955) 10,094 0 (10,094)
**TOTAL REPAIRS/MAINTENANCE $47,460 $6,350 ($41,110) $77,824 $19,050 ($58,774)
Page 2 of 3

3. 05/01/2018 12:24:40 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
03/31/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Mar
Actual
Mar
Budget
Mar
Variance
YTD Actual YTD
Budget
Variance
**SPECIAL PROJECTS
74005 02c Special Projects - Common Area HVAC 0 24,750 24,750 0 74,250 74,250
**TOTAL SPECIAL PROJECTS $0 $24,750 $24,750 $0 $74,250 $74,250
**SPECIAL ASSESSMENT
73000 Special Assess Transfer 147,735 116,700 (31,035) 443,206 350,100 (93,106)
73001 Spec Assess-Interest 1,836 0 (1,836) 5,421 0 (5,421)
**TOTAL SPECIAL ASSESSMENT $149,571 $116,700 ($32,871) $448,627 $350,100 ($98,527)
**PRIOR YEAR ACTIVITY
70298 00 Prior Year Expense 22,617 0 (22,617) 65,652 0 (65,652)
**TOTAL PRIOR YEAR ACTIVITY $22,617 $0 ($22,617) $65,652 $0 ($65,652)
**TOTAL EXPENSES $503,176 $370,968 ($132,208) $1,356,084 $1,112,904 ($243,180)
NET INCOME/(LOSS) ($96,927) $0 ($96,927) ($131,198) $0 ($131,198)
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