The document is an income statement comparing the budget to actual expenses and revenues for a condominium association for June 2018 and year-to-date. It shows that for June, actual total revenues were slightly higher than budgeted at $432,286 versus a budget of $431,773, while actual total expenses were significantly higher than budgeted at $499,479 versus a budget of $431,774, resulting in a net loss of $67,193 compared to a budgeted net loss of $1. For the year-to-date period, actual total revenues were higher than budgeted while actual total expenses were significantly higher than budgeted, resulting in a larger than budgeted net loss.

1. 07/31/2018 4:46:59 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
06/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Jun Actual Jun
Budget
Jun
Variance
YTD Actual YTD
Budget
Variance
**REVENUE
40000 Owner Assessments 266,702 266,702 0 1,598,742 1,600,212 (1,470)
40004 Special Assess Fees 147,735 147,000 735 886,412 882,000 4,412
40011 Late Fee Income 0 350 (350) 2,390 2,100 290
40020 Holiday Fund 0 0 0 670 0 670
40025 Returned Check Fees 330 0 330 1,500 0 1,500
40030 Screening Fees 0 0 0 100 0 100
40033 Parking Income 4,200 3,833 367 36,358 22,998 13,360
40045 Transfer Fees (50) 0 (50) 450 0 450
40055 Vending Machine 0 0 0 109 0 109
40060 Gate/Key Cards 150 221 (71) 900 1,326 (426)
40065 Violation Fees 800 83 717 800 498 302
40066 Transmitter Income 50 0 50 100 0 100
40068 Key Fob Income 550 667 (117) 3,350 4,002 (652)
40080 Interest Income 203 0 203 635 0 635
40082 Spec Assess Interest 1,740 0 1,740 10,737 0 10,737
40085 Recovery of Bad Debt 0 4,167 (4,167) 48,725 25,002 23,723
40090 Miscellaneous Income 684 2,000 (1,316) 3,969 12,000 (8,031)
40115 01 Administrative Fee - Reminder Letter 0 0 0 120 0 120
40115 02 Administrative Fee - Demand Letter 0 0 0 650 0 650
41000 Rental Income 0 0 0 150 0 150
41005 Storage Income 4,600 4,050 550 20,900 24,300 (3,400)
41010 House Charges 4,591 1,000 3,591 39,503 6,000 33,503
41038 Association Owned Units 0 1,700 (1,700) 60 10,200 (10,140)
**TOTAL REVENUE $432,286 $431,773 $513 $2,657,330 $2,590,638 $66,692
EXPENSES
**ADMINISTRATIVE
50005 Accounting Fees 417 417 0 2,502 2,502 0
50015 Bank Charges 0 83 83 15 498 483
50045 00 Legal Fees 20,808 2,500 (18,308) 118,929 15,000 (103,929)
50045 04 Legal Fees - Collections 0 1,000 1,000 3,075 6,000 2,925
50045 24 Legal Fees - Violations 0 0 0 2,600 0 (2,600)
50048 Bureau of Condominium Due 0 272 272 0 1,632 1,632
50050 00 License,Taxes,Permit 140 250 110 1,439 1,500 62
50050 15a License,Taxes,Permit - Elevator Cert (800) 0 800 0 0 0
50050 25 License,Taxes,Permit - Fees Payable to State 0 150 150 0 900 900
50050 45a License,Taxes,Permit - Pool Permits 0 0 0 44 0 (44)
50065 Office Equipment 910 292 (618) 5,240 1,752 (3,488)
50075 Office Supplies 771 500 (271) 2,747 3,000 253
50081 Printing And Postage 0 250 250 2,290 1,500 (790)
50100 Screening Fees 0 150 150 0 900 900
50101 Interest Expense 1,381 0 (1,381) 2,340 0 (2,340)
50105 Property Taxes 708 0 (708) 4,248 0 (4,248)
50122 Prior Year Deficit 0 39,167 39,167 0 235,002 235,002
50130 Maintenance Fee Exp 10,914 0 (10,914) 65,369 0 (65,369)
**TOTAL ADMINISTRATIVE $35,250 $45,031 $9,781 $210,837 $270,186 $59,349
**PROPERTY INSURANCE
52030 Multiperil Insurance 34,595 37,500 2,905 198,492 225,000 26,508
**TOTAL PROPERTY INSURANCE $34,595 $37,500 $2,905 $198,492 $225,000 $26,508
Page 1 of 3

2. 07/31/2018 4:46:59 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
06/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Jun Actual Jun
Budget
Jun
Variance
YTD Actual YTD
Budget
Variance
**UTILITIES
54050 00 Electricity 21,161 20,833 (328) 126,627 124,998 (1,629)
54070 00 Water & Sewer 32,637 29,167 (3,470) 188,489 175,002 (13,487)
54080 Gas/Fuel Oil 7,501 4,833 (2,668) 38,886 28,998 (9,888)
54100 00 Telephone 2,038 1,042 (996) 11,031 6,252 (4,779)
**TOTAL UTILITIES $63,336 $55,875 ($7,461) $365,034 $335,250 ($29,784)
**CONTRACTS
60005 Air Conditioning 1,500 1,500 0 9,000 9,000 0
60013 Cable Television 22,558 21,250 (1,308) 135,397 127,500 (7,897)
60035 Elevator Contract 1,640 1,500 (140) 10,689 9,000 (1,689)
60050 Fire Alarm System 414 883 469 2,483 5,298 2,815
60065 Access Control 200 375 175 1,200 2,250 1,050
60070 Emergency Generator 118 250 132 723 1,500 777
60072 Gymnasium Maintenance (192) 200 392 492 1,200 708
60075 Janitorial Service 11,295 10,000 (1,295) 64,619 60,000 (4,619)
60090 Lawn Maintenance (420) 800 1,220 4,000 4,800 800
61000 Management Services 7,518 7,263 (255) 44,343 43,578 (765)
61010 Pest Control 481 500 19 2,886 3,000 114
61020 Pool/Spa Contract 500 500 0 3,045 3,000 (45)
61045 00 Security Services 28,162 24,417 (3,745) 147,357 146,502 (855)
61055 Trash Removal 7,691 3,976 (3,715) 27,991 23,856 (4,135)
61060 Uniforms Contract 191 503 312 1,137 3,018 1,881
61065 Valet Service 20,558 20,833 275 123,349 124,998 1,649
61070 Water Treatment 477 477 0 2,862 2,862 0
**TOTAL CONTRACTS $102,692 $95,227 ($7,465) $581,573 $571,362 ($10,211)
**SALARIES & BENEFITS
65000 01 Salaries - Manager 8,187 8,917 730 24,561 53,502 28,941
65000 02 Salaries - Maintenance 26,956 15,875 (11,081) 116,357 95,250 (21,107)
65000 11 Salaries - Admin 8,516 3,917 (4,599) 53,093 23,502 (29,591)
65000 12 Salaries - Asst Mgr 0 4,833 4,833 0 28,998 28,998
65040 Medical/Dental Insurance 2,016 4,032 2,016 9,072 24,192 15,120
65050 Workers Compensation 259 1,138 879 4,209 6,828 2,619
65060 Payroll Process Fees 331 270 (61) 1,753 1,620 (133)
65065 00 Payroll Taxes 2,044 4,750 2,706 9,700 28,500 18,800
**TOTAL SALARIES & BENEFITS $48,310 $43,732 ($4,578) $218,745 $262,392 $43,647
**REPAIRS/MAINTENANCE
70020 R&M-Boiler 3,510 542 (2,968) 5,435 3,252 (2,183)
70025 R&M-Building 11,443 667 (10,776) 64,562 4,002 (60,560)
70040 R&M-Elevator 10,573 250 (10,323) 37,990 1,500 (36,490)
70043 00 R&M (4,143) 0 4,143 0 0 0
70043 40 R&M Lighting 0 0 0 576 0 (576)
70043 80 R&M Special Projects (1,208) 0 1,208 0 0 0
70045 R&M-Electrical 8,654 250 (8,404) 8,681 1,500 (7,181)
70060 R&M-General 5,711 1,000 (4,711) 10,558 6,000 (4,558)
70075 R&M-Maint Equipment 0 650 650 0 3,900 3,900
70077 Maintenance Repairs 0 500 500 0 3,000 3,000
70090 R&M-Plumbing 3,900 500 (3,400) 22,639 3,000 (19,639)
70095 R&M-Pool/Spa/Fountai 944 250 (694) 1,397 1,500 104
Page 2 of 3

3. 07/31/2018 4:46:59 PM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
06/30/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Jun Actual Jun
Budget
Jun
Variance
YTD Actual YTD
Budget
Variance
70110 R&M-Roof 0 50 50 0 300 300
70115 Mach/Equipment/Security 3,995 250 (3,745) 6,333 1,500 (4,833)
70190 R&M-Supplies 14,228 2,500 (11,728) 23,263 15,000 (8,263)
70289 00 Contingency 2,278 0 (2,278) 3,798 0 (3,798)
**TOTAL REPAIRS/MAINTENANCE $59,885 $7,409 ($52,476) $185,232 $44,454 ($140,778)
**SPECIAL PROJECTS
74005 00 Special Projects 4,577 0 (4,577) 6,277 0 (6,277)
74005 106 Special Projects - Engineering Fees 0 0 0 1,473 0 (1,473)
74005 300 Special Projects - Life Safety 0 0 0 3,175 0 (3,175)
74005 69a Special Projects - Security Cameras 1,360 0 (1,360) 1,360 0 (1,360)
**TOTAL SPECIAL PROJECTS $5,937 $0 ($5,937) $12,284 $0 ($12,284)
**SPECIAL ASSESSMENT
73000 Special Assess Transfer 147,735 147,000 (735) 886,412 882,000 (4,412)
73001 Spec Assess-Interest 1,740 0 (1,740) 10,737 0 (10,737)
**TOTAL SPECIAL ASSESSMENT $149,475 $147,000 ($2,475) $897,149 $882,000 ($15,149)
**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 $499,479 $431,774 ($67,705) $2,734,997 $2,590,644 ($144,353)
NET INCOME/(LOSS) ($67,193) ($1) ($67,192) ($77,667) ($6) ($77,661)
Page 3 of 3