Pavilion Condo Income statement april 2018

1. 06/05/2018 4:16:23 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
04/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Apr Actual Apr
Budget
Apr
Variance
YTD Actual YTD
Budget
Variance
**REVENUE
40000 Owner Assessments 230,906 266,702 (35,796) 928,041 1,066,808 (138,767)
40004 Special Assess Fees 147,735 147,000 735 590,942 588,000 2,942
40011 Late Fee Income (28) 350 (378) 2,843 1,400 1,443
40020 Holiday Fund 0 0 0 670 0 670
40025 Returned Check Fees 420 0 420 810 0 810
40030 Screening Fees 0 0 0 100 0 100
40033 Parking Income 6,075 3,833 2,242 27,935 15,332 12,603
40045 Transfer Fees 0 0 0 550 0 550
40055 Vending Machine 0 0 0 109 0 109
40060 Gate/Key Cards 150 221 (71) 550 884 (334)
40065 Violation Fees 0 83 (83) 0 332 (332)
40066 Transmitter Income 0 0 0 25 0 25
40068 Key Fob Income 650 667 (17) 1,900 2,668 (768)
40080 Interest Income 6 0 6 324 0 324
40082 Spec Assess Interest 1,762 0 1,762 7,183 0 7,183
40085 Recovery of Bad Debt 29,154 4,167 24,987 48,725 16,668 32,057
40090 Miscellaneous Income 1,374 2,000 (626) 2,792 8,000 (5,208)
40115 01 Administrative Fee - Reminder Letter 0 0 0 120 0 120
40115 02 Administrative Fee - Demand Letter 0 0 0 950 0 950
41000 Rental Income 0 0 0 150 0 150
41005 Storage Income 2,400 4,050 (1,650) 11,450 16,200 (4,750)
41010 House Charges 7,542 1,000 6,542 26,864 4,000 22,864
41038 Association Owned Units 60 1,700 (1,640) 60 6,800 (6,740)
**TOTAL REVENUE $428,207 $431,773 ($3,566) $1,653,093 $1,727,092 ($73,999)
EXPENSES
**ADMINISTRATIVE
50005 Accounting Fees (456) 417 873 1,668 1,668 0
50015 Bank Charges 0 83 83 15 332 317
50045 00 Legal Fees 13,176 2,500 (10,676) 94,321 10,000 (84,321)
50045 04 Legal Fees - Collections 0 1,000 1,000 1,915 4,000 2,085
50048 Bureau of Condominium Due 0 272 272 0 1,088 1,088
50050 00 License,Taxes,Permit 221 250 29 1,078 1,000 (78)
50050 25 License,Taxes,Permit - Fees Payable to State 0 150 150 0 600 600
50065 Office Equipment 0 292 292 2,773 1,168 (1,605)
50075 Office Supplies 0 500 500 1,486 2,000 514
50081 Printing And Postage 0 250 250 2,290 1,000 (1,290)
50100 Screening Fees 0 150 150 0 600 600
50101 Interest Expense 94 0 (94) 958 0 (958)
50105 Property Taxes 708 0 (708) 2,832 0 (2,832)
50122 Prior Year Deficit 0 39,167 39,167 0 156,668 156,668
50130 Maintenance Fee Exp 10,015 0 (10,015) 40,060 0 (40,060)
**TOTAL ADMINISTRATIVE $23,758 $45,031 $21,273 $149,396 $180,124 $30,728
**PROPERTY INSURANCE
52030 Multiperil Insurance 32,083 37,500 5,417 128,333 150,000 21,667
**TOTAL PROPERTY INSURANCE $32,083 $37,500 $5,417 $128,333 $150,000 $21,667
**UTILITIES
54050 00 Electricity 21,254 20,833 (421) 84,599 83,332 (1,267)
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2. 06/05/2018 4:16:23 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
04/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Apr Actual Apr
Budget
Apr
Variance
YTD Actual YTD
Budget
Variance
54070 00 Water & Sewer 29,413 29,167 (246) 119,840 116,668 (3,172)
54080 Gas/Fuel Oil 8,487 4,833 (3,654) 26,067 19,332 (6,735)
54100 00 Telephone 1,461 1,042 (419) 7,046 4,168 (2,878)
**TOTAL UTILITIES $60,616 $55,875 ($4,741) $237,552 $223,500 ($14,052)
**CONTRACTS
60005 Air Conditioning 1,500 1,500 0 6,000 6,000 0
60013 Cable Television 22,594 21,250 (1,344) 90,323 85,000 (5,323)
60035 Elevator Contract 1,810 1,500 (310) 7,239 6,000 (1,239)
60050 Fire Alarm System 828 883 55 2,070 3,532 1,462
60065 Access Control 200 375 175 800 1,500 700
60070 Emergency Generator 118 250 132 471 1,000 529
60072 Gymnasium Maintenance 207 200 (7) 509 800 291
60075 Janitorial Service 11,295 10,000 (1,295) 42,028 40,000 (2,028)
60090 Lawn Maintenance 800 800 0 3,400 3,200 (200)
61000 Management Services 7,518 7,263 (255) 29,307 29,052 (255)
61010 Pest Control 481 500 19 1,924 2,000 76
61020 Pool/Spa Contract 545 500 (45) 2,090 2,000 (90)
61045 00 Security Services 27,653 24,417 (3,236) 90,809 97,668 6,859
61055 Trash Removal 4,594 3,976 (618) 16,507 15,904 (603)
61060 Uniforms Contract 184 503 319 (57) 2,012 2,069
61065 Valet Service 20,558 20,833 275 82,232 83,332 1,100
61070 Water Treatment 477 477 0 1,908 1,908 0
**TOTAL CONTRACTS $101,362 $95,227 ($6,135) $377,560 $380,908 $3,348
**SALARIES & BENEFITS
65000 01 Salaries - Manager 0 8,917 8,917 0 35,668 35,668
65000 02 Salaries - Maintenance 18,620 15,875 (2,745) 71,246 63,500 (7,746)
65000 11 Salaries - Admin 6,905 3,917 (2,988) 30,869 15,668 (15,201)
65000 12 Salaries - Asst Mgr 0 4,833 4,833 0 19,332 19,332
65040 Medical/Dental Insurance 2,016 4,032 2,016 5,040 16,128 11,088
65050 Workers Compensation 264 1,138 874 3,682 4,552 870
65060 Payroll Process Fees 329 270 (59) 1,312 1,080 (232)
65065 00 Payroll Taxes 1,340 4,750 3,410 6,283 19,000 12,717
**TOTAL SALARIES & BENEFITS $29,474 $43,732 $14,258 $118,434 $174,928 $56,494
**REPAIRS/MAINTENANCE
70020 R&M-Boiler 0 542 542 1,925 2,168 243
70025 R&M-Building 7,360 667 (6,693) 53,118 2,668 (50,450)
70040 R&M-Elevator 26,469 250 (26,219) 27,417 1,000 (26,417)
70045 R&M-Electrical 0 250 250 0 1,000 1,000
70060 R&M-General 0 1,000 1,000 4,847 4,000 (847)
70075 R&M-Maint Equipment 3,100 650 (2,450) 3,100 2,600 (500)
70077 Maintenance Repairs 0 500 500 0 2,000 2,000
70090 R&M-Plumbing 0 500 500 8,900 2,000 (6,900)
70095 R&M-Pool/Spa/Fountai 0 250 250 453 1,000 548
70110 R&M-Roof 0 50 50 0 200 200
70115 Mach/Equipment/Security 0 250 250 2,089 1,000 (1,089)
70190 R&M-Supplies 4,098 2,500 (1,598) 6,908 10,000 3,092
70289 00 Contingency (8,574) 0 8,574 1,520 0 (1,520)
**TOTAL REPAIRS/MAINTENANCE $32,453 $7,409 ($25,044) $110,277 $29,636 ($80,641)
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3. 06/05/2018 4:16:23 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
04/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Apr Actual Apr
Budget
Apr
Variance
YTD Actual YTD
Budget
Variance
**SPECIAL PROJECTS
74005 106 Special Projects - Engineering Fees 1,473 0 (1,473) 1,473 0 (1,473)
**TOTAL SPECIAL PROJECTS $1,473 $0 ($1,473) $1,473 $0 ($1,473)
**SPECIAL ASSESSMENT
73000 Special Assess Transfer 147,735 147,000 (735) 590,942 588,000 (2,942)
73001 Spec Assess-Interest 1,762 0 (1,762) 7,183 0 (7,183)
**TOTAL SPECIAL ASSESSMENT $149,498 $147,000 ($2,498) $598,125 $588,000 ($10,125)
**PRIOR YEAR ACTIVITY
70298 00 Prior Year Expense 0 0 0 65,652 0 (65,652)
**TOTAL PRIOR YEAR ACTIVITY $0 $0 $0 $65,652 $0 ($65,652)
**TOTAL EXPENSES $430,715 $431,774 $1,059 $1,786,800 $1,727,096 ($59,704)
NET INCOME/(LOSS) ($2,509) ($1) ($2,508) ($133,707) ($4) ($133,703)
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