This document contains the budget details for the Pavilion Condominium Association of Miami Beach for 2017 and 2018. It shows revenues and expenses categorized for items like owner assessments, utilities, contracts, salaries, repairs and more. Major increases from 2017 to 2018 include a 1980% increase in reserve income, a 25% increase in special assessment fees, and over 400% increase in prior year deficit. Total revenues increased 52% while total expenses increased 110%, resulting in no projected operational income or loss for either year.

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A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
Owner Assessment 2,788,536$ 3,200,422$ 411,886$ 14.77%
Reserve Income 223,104$ 4,641,221$ 4,418,117$ 1980.29%
Special Assessment Fees 1,400,400$ 1,764,000$ 363,600$ 25.96%
Late Fee Income 4,200$ 4,200$ -$ 0.00%
Legal Fee Income -$ -$ -$
Holiday Fund -$ -$
Returned Check Fees 600$ -$ (600)$ -100.00%
Screening Fees 9,000$ -$ (9,000)$ -100.00%
Parking Income 45,600$ 46,000$ 400$ 0.88%
Moving Fees -$ -$
Transfer Fees -$ -$
Vending Machine 2,400$ -$ (2,400)$ -100.00%
Gate/Key Cards 2,640$ 2,650$ 10$ 0.38%
Violation Fees 3,000$ 1,000$ (2,000)$ -66.67%
Key FOB income 10,200$ 8,000$ (2,200)$ -21.57%
Late Fee Interest -$ -$
Interest Income -$ -$
Reserve Interest -$ -$
Special Assessment Interest -$ -$
Recovery of Bad Debt -$ 50,000$ 50,000$
Miscellaneous Income 24,000$ 24,000$ -$ 0.00%
Prior Yrs Srp/(def) -$ -$
Rental Income 30,000$ -$ (30,000)$ -100.00%
Recreation Room Usage -$ -$
Storage Income 23,040$ 48,600$ 25,560$ 110.94%
House Chargers 12,000$ 12,000$ -$ 0.00%
Restaurant/Bar Inc -$ -$
Association Owned Units 96,000$ 20,400$ (75,600)$ -78.75%
Cable Income -$ -$
TOTAL REVENUES 4,674,720$ 9,822,493$ 5,147,773$ 52.41%
REVENUE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.

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A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
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-$
ADMINISTRATIVE -$
Accounting Fees -$ 5,000$ 5,000$
Bank Charges -$ 1,000$ 1,000$
Legal Fees 24,000$ 30,000$ 6,000$ 25.00%
Legal Fees - Collections 12,000$ 12,000$ -$ 0.00%
Bureau of Condominium Dues 3,360$ 3,264$ (96)$ -2.86%
License, taxes, Permit Fees 3,000$ 3,000$ -$ 0.00%
License, taxes, Permit Fees Payable to State 1,800$ 1,800$ -$ 0.00%
Office Equipment 3,000$ 3,500$ 500$ 16.67%
Office Supplies 6,000$ 6,000$ -$ 0.00%
Courier Service 240$ -$ (240)$ -100.00%
Printing and Postage 2,400$ 3,000$ 600$ 25.00%
Screening Fees 1,800$ 1,800$ -$ 0.00%
Property Taxes -$ -$ -$
Coupon Charge -$ -$ -$
Prior Year Deficit -$ 470,000$ 470,000$
Maintenance Fee Exp -$ -$ -$
TOTAL ADMINISTRATIVE CHARGES 57,600$ 540,364$ 482,764$ 838.13%
-$
PROPERTY INSURANCE -$
Multiperil Insurance 576,000$ 450,000$ (126,000)$ -21.88%
TOTAL PROPERTY INSURANCE 576,000$ 450,000$ 126,000$
-$
UTILITIES -$
electricity 247,200$ 250,000$ 2,800$ 1.13%
Water & Sewer 318,000$ 350,000$ 32,000$ 10.06%
Gas/Fuel Oil 44,400$ 58,000$ 13,600$ 30.63%
Telephone 8,400$ 12,500$ 4,100$ 48.81%
TOTAL UTILITIES 618,000$ 670,500$ (52,500)$ -8.50%
-$
CONTRACTS -$
Air Conditioning 18,000$ 18,000$ -$ 0.00%
cable Television 220,800$ 255,000$ 34,200$ 15.49%
Elevator Contract 18,000$ 18,000$ -$ 0.00%
Fire Alarm System 11,400$ 10,600$ (800)$ -7.02%
Access Control 2,400$ 4,500$ 2,100$ 87.50%
Emergency Generator 3,000$ 3,000$ -$ 0.00%
Gymnasyum Maintenance 2,400$ 2,400$ -$ 0.00%
Janatorial Services 110,400$ 120,000$ 9,600$ 8.70%
Lawn Maintenance 3,300$ 9,600$ 6,300$ 190.91%
Management Services 84,840$ 87,156$ 2,316$ 2.73%
Pest Control 6,000$ 6,000$ -$ 0.00%
Pool/Spa Contract 8,340$ 6,000$ (2,340)$ -28.06%
Security Services 288,000$ 293,000$ 5,000$ 1.74%
EXPENSES

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A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
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Trash Removal 37,200$ 47,712$ 10,512$ 28.26%
Uniform Contract 2,400$ 6,032$ 3,632$ 151.33%
Valet Services 204,000$ 250,000$ 46,000$ 22.55%
Water Treatment 5,100$ 5,724$ 624$ 12.24%
TOTAL CONTRACTS 1,025,580$ 1,142,724$ 117,144$ 11.42%
-$
SALARIES &BENEFITS -$
Manager 80,004$ 107,000$ 26,996$ 33.74%
Maintenance 130,560$ 190,500$ 59,940$ 45.91%
Admin 20,160$ 47,000$ 26,840$ 133.13%
Asst Mgr 81,900$ 58,000$ (23,900)$ -29.18%
Medical/Dental Insurance 29,100$ 48,384$ 19,284$ 66.27%
Work Comp 10,200$ 13,660$ 3,460$ 33.92%
Bonuses -$ -$ -$
Payroll Process Fees 3,240$ 3,240$ -$ 0.00%
Payroll Taxes 45,672$ 57,000$ 11,328$ 24.80%
TOTAL SALARIES & BENEFITS 400,836$ 524,784$ 123,948$ 30.92%
-$
REPAIRS/MAINTENANCE -$
Boiler 6,000$ 6,500$ 500$ 8.33%
Building 7,200$ 8,000$ 800$ 11.11%
elevator 2,400$ 3,000$ 600$ 25.00%
electrical 3,000$ 3,000$ -$ 0.00%
General 12,000$ 12,000$ -$ 0.00%
Maint Equipment 7,800$ 7,800$ -$ 0.00%
Maintenance Repairs 6,000$ 6,000$ -$ 0.00%
Plumbing 6,000$ 6,000$ -$ 0.00%
Pool/Spa/Fauntai 1,800$ 3,000$ 1,200$ 66.67%
Roof 600$ 600$ -$ 0.00%
Mach/Equipment/Security 1,800$ 3,000$ 1,200$ 66.67%
Supplies 21,600$ 30,000$ 8,400$ 38.89%
Contigency -$ -$ -$
TOTAL REPAIRS/MAINTENANCE 76,200$ 88,900$ 12,700$ 16.67%
-$
SPECIAL PROJECTS -$
Special Projects -$ -$
Interest Income -$ -$
Common -$ -$
Common Area HVAC 297,000$ -$ 297,000$
Roof Replacement -$ -$
Roof Repairs -$ -$
Beautification -$ -$
engineering Fees -$ -$
Shares Lawn -$ -$
Cr OS2-Jan/ins/lnd -$ -$
TOTAL SPECIAL PROJECTS 297,000$ -$ 297,000$

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A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
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-$
SPECIAL ASSESSMENT -$
Special Assessment Transfer 1,400,400$ 1,764,000$ 363,600$ 25.96%
Assessment Interest -$ -$
TOTAL SPECIAL ASSESSMENT 1,400,400$ 1,764,000$ 363,600$ 25.96%
-$
RESERVE TRANSFERS -$
Reserve Transfers 223,104$ 4,641,221$ 4,418,117$ 1980.29%
TOTAL RESERVE TRANSFERS 223,104$ 4,641,221$ 4,418,117$ 1980.29%
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PRIOR YEAR ACTIVITY -$
Prior Year expense -$ -$
TOTAL PRIOR YEAR ACTIVITY -$ -$
-$
TOTAL EXPENSES 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
-$
OPERATING NEXT INCOME OR LOSS -$ -$
INCOME 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
EXPENSES 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
OPERATIONAL BUDGET