villa alhambra financials jan. 2012

VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

FINANCIAL STATEMENTS

For the period ending January 31, 2012

FOR MANAGEMENT PURPOSES ONLY

The Continental Group, Inc ● 2950 N 28th Terr Hollywood, FL 33020 ● 954-925-8200

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.

02/15/2012 2:34:49 PM Standard_Balance_Sheet

0T85 VILLA ALHAMBRA OF CORAL GABLESCONDOMINIUM ASSOCIATION, INC.

01/31/2012THE CONTINENTAL GROUP, INC.

2950 N 28 TERRACE

Hollywood FL 33020

Account Description As of Prior Month Inc/(Dec)

Jan

ASSETS

**CURRENT ASSETS

10010 13 Cash-Operating - Bank United 76,434 53,064 23,370

10017 13 Cash-Working Capital - Bank United 33,297 33,282 15

10300 Accounts Receivable 1,124 250 874

10500 Prepaid Insurance 8,709 11,255 (2,546)

10505 Prepaid Expenses 3,559 4,186 (626)

12090 13 Cash-Deposits Bank United 8,215 8,215 0

**TOTAL CURRENT ASSETS $131,337 $110,251 $21,086

**OTHER ASSETS

19010 Utility Deposits 3,874 3,874 0

**TOTAL OTHER ASSETS $3,874 $3,874 $0

**TOTAL ASSETS $135,211 $114,125 $21,086

LIABILITIES

**CURRENT LIABILITIES

20000 Accounts Payable 2 0 2

20005 Collection Fees due 175 130 45

20010 Accrued Expenses 7,532 16,479 (8,947)

20080 Security Deposits 7,750 7,750 0

20100 Prepaid Assessments 19,611 12,668 6,944

**TOTAL CURRENT LIABILITIES $35,071 $37,026 ($1,956)

**RESERVE LIABILITIES

30000 01 Reserves A/C Equipment 466 0 466

30000 113d Reserves Bldg 1 Ext Painting 1,510 0 1,510

30000 113g Reserves Bldg 1 Roofing 1,134 0 1,134

30000 113q Reserves Bldg 1 Elevator 369 0 369

**TOTAL RESERVE LIABILITIES $3,479 $0 $3,479

**TOTAL LIABILITIES $38,550 $37,026 $1,524

EQUITY

**MEMBERS EQUITY

38015 Cap Contribution Int 310 310 0

38880 Fund Balance 76,789 76,789 0

Current Year Net Income/(Loss) $19,562 $0 $19,562

**TOTAL MEMBERS EQUITY $96,661 $77,099 $19,562

**TOTAL LIABILITIES & EQUITY $135,211 $114,125 $21,086

Page 1 of 1

02/15/2012 2:32:31 PM Income Statement Budget vs Actual



2950 N 28 TERRACE

Hollywood FL 33020

Account Description Jan Actual JanBudget

JanVariance

YTD Actual YTDBudget

Variance

REVENUE

40000 Owner Assessments 16,483 16,483 0 16,483 16,483 0

40002 00 Reserve Income 3,479 3,479 0 3,479 3,479 0

40011 Late Fee Income 125 0 125 125 0 125

40033 Parking Income 27,500 0 27,500 27,500 0 27,500

40080 Interest Income 15 0 15 15 0 15

**TOTAL REVENUE $47,602 $19,962 $27,640 $47,602 $19,962 $27,640

EXPENSES

**ADMINISTRATIVE

50005 Accounting Fees 208 208 0 208 208 0

50015 Bank Charges 10 8 (2) 10 8 (2)

50045 00 Legal Fees 2,831 500 (2,331) 2,831 500 (2,331)

50048 Annual Condo Fees 12 12 0 12 12 0

50050 00 License,Taxes,Permit 21 50 29 21 50 29

50050 15 License,Taxes,Permit - Ele 0 21 21 0 21 21

50053 Corporate Annual Rep 0 5 5 0 5 5

50075 Office Supplies 2 100 98 2 100 98

50090 00 Professional Fees 0 208 208 0 208 208

50090 30 Professional Fees - Ins. A 0 83 83 0 83 83

50090 45 Professional Fees - Reserv 0 458 458 0 458 458

50110 Miscellaneous 0 56 56 0 56 56

**TOTAL ADMINISTRATIVE $3,083 $1,709 ($1,374) $3,083 $1,709 ($1,374)

**PROPERTY INSURANCE

52030 Multiperil Insurance 2,546 2,517 (29) 2,546 2,517 (29)

**TOTAL PROPERTY INSURANCE $2,546 $2,517 ($29) $2,546 $2,517 ($29)

**UTILITIES

54050 00 Electricity/Gas 880 1,167 287 880 1,167 287

54070 00 Water & Sewer 0 1,292 1,292 0 1,292 1,292

54100 00 Telephone 590 492 (98) 590 492 (98)

**TOTAL UTILITIES $1,470 $2,951 $1,481 $1,470 $2,951 $1,481

**CONTRACTS

60023 Carpet Contract 0 125 125 0 125 125

60035 Elevator Contract 555 495 (60) 555 495 (60)

60046 30 Equipment Contract - Life 102 160 58 102 160 58

60065 Access System Maintenance 428 400 (28) 428 400 (28)

60066 Health Benefits 192 125 (67) 192 125 (67)

60074 Hvac System 250 250 0 250 250 0

60075 Janitorial Service 1,350 1,410 60 1,350 1,410 60

60090 Lawn Maintenance 750 750 0 750 750 0

61000 Management Services 1,550 1,574 24 1,550 1,574 24

61010 Pest Control 250 250 0 250 250 0

61055 Trash Removal 537 300 (237) 537 300 (237)

61075 Window Services 0 417 417 0 417 417

**TOTAL CONTRACTS $5,965 $6,256 $291 $5,965 $6,256 $291

Page 1 of 2

02/15/2012 2:32:31 PM Income Statement Budget vs Actual



2950 N 28 TERRACE

Hollywood FL 33020

Account Description Jan Actual JanBudget

JanVariance

YTD Actual YTDBudget

Variance

**REPAIRS/MAINTENANCE

70005 R&M-Air Conditioning 0 83 83 0 83 83

70025 R&M-Building 0 83 83 0 83 83

70038 R&M-Driveway 0 100 100 0 100 100

70043 63 Repairs/Maintenance Painti 0 83 83 0 83 83

70045 R&M-Electrical 409 250 (159) 409 250 (159)

70048 32 R&M Equipment - Life Safet 0 42 42 0 42 42

70050 R&M-Entry System 0 100 100 0 100 100

70060 R&M-General 0 1,250 1,250 0 1,250 1,250

70119 R&M-Trash Chute 60 100 40 60 100 40

70125 R&M-Signage 0 25 25 0 25 25

70134 Landscaping 0 167 167 0 167 167

70216 R&M Janitorial Supplies 0 100 100 0 100 100

70289 00 Contingency 0 667 667 0 667 667

**TOTAL REPAIRS/MAINTENANCE $469 $3,050 $2,581 $469 $3,050 $2,581

**SPECIAL PROJECTS

74005 00 Special Projects 15,984 0 (15,984) 15,984 0 (15,984)

**TOTAL SPECIAL PROJECTS $15,984 $0 ($15,984) $15,984 $0 ($15,984)

**RESERVE TRANSFERS

80000 00 Reserve Transfers 3,479 3,479 0 3,479 3,479 0

**TOTAL RESERVE TRANSFERS $3,479 $3,479 $0 $3,479 $3,479 $0

**PRIOR YEAR ACTIVITY

70298 00 Prior Year Expense (4,957) 0 4,957 (4,957) 0 4,957

**TOTAL PRIOR YEAR ACTIVITY ($4,957) $0 $4,957 ($4,957) $0 $4,957

**TOTAL EXPENSES $28,039 $19,962 ($8,077) $28,039 $19,962 ($8,077)

NET INCOME/(LOSS) $19,562 $0 $19,562 $19,562 $0 $19,562

Page 2 of 2

02/09/2012 2:33:05 PM Deposits In Transits

0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUMASSOCIATION, INC.

OPR2 BANK UNITED OPR

For Deposits Dated Through: 01/31/2012

Batch Date Description Amount

Bank Code Total $0.00

Page: 1

02/09/2012 1:48:20 PM Summary Batch Report for Cash Receipts

For Batch No 1 To 999999999

For Batch Dates 01/01/2012 To 01/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1667652 01/03/2012 OPR2 BANK UNITED OPR 396.16



0T85 - VILLA ALHAMBRA OF CORAL GABLES 1669111 01/04/2012 OPR2 BANK UNITED OPR 1,214.47













0T85 - VILLA ALHAMBRA OF CORAL GABLES 1683180 01/20/2012 OPR2 BANK UNITED OPR -442.72




0T85 - VILLA ALHAMBRA OF CORAL GABLES 1685630 01/25/2012 OPR2 BANK UNITED OPR -75.00




BANK UNITED OPR Total: 53,702.01

02/09/2012 1:53:46 PM AP Check History Report

VILLA ALHAMBRA OF CORAL GABLESCONDOMINIUM ASSOCIATION, INC.

For Checks Dated 01/01/2012 to 01/31/2012

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

ACHPrintStatus

Vch # Invoice Proc Date GL Acct# Sub GL Desc Inv Amt Amt Paid Vch. Description

020374 CONT00 CONTINENTAL GROUP INC. 01/03/2012 2,198.00 Corp Mailed

None

2688608 058399 01/03/2012 60075 Janitorial Service 648.00 P/E 12-16-11

None

2688611 1201-92042 01/03/2012 61000 Management Services 1,550.00 January admin svc

020375 HIVA00 HI-VAC AIR CONDITIONING SVC 01/03/2012 263.00 None

None

2688583 47097 01/03/2012 70005 R&M-Air Conditioning 127.00 Replaced fan belt

None

2688592 26984 01/03/2012 70005 R&M-Air Conditioning 136.00 Installed (8) alumin

020376 LUKE00 LUKES-SAWGRASS LANDSCAPE 01/03/2012 750.00 Corp Mailed

None

2688612 1112-98542 01/03/2012 60090 Lawn Maintenance 750.00 December svc

020377 POWE03 POWER EXTERMINATORS,INC 01/03/2012 250.00 Corp Mailed

None

2688547 273626 01/03/2012 61010 Pest Control 250.00 October svc

020378 WAST04 WASTE MANAGEMENT 01/03/2012 474.25 Corp Mailed

None

2688596 8468067-2194-6 01/03/2012 61055 Trash Removal 474.25 December svc

020379 FLOR02 FLORIDA POWER & LIGHT 01/06/2012 819.07 ACH

None

2693196 89495-36307 01/06/2012 54050 00 Electricity/Gas 819.07 SVC 11/18/11 - 12/20

020380 URIB02 MAGALI URIBARRI 01/06/2012 839.56 OnSite Released

None

2693203 010312 01/06/2012 50110 Miscellaneous 839.56 Reimb-x-mas brunch

020381 MINO16 MINORCA CONDOMINIUM 01/06/2012 150.00 None

None

2693197 010312 01/06/2012 50110 Miscellaneous 150.00 Mtg Room


None

2693200 275513 01/06/2012 61010 Pest Control 250.00 November svc

020383 ATT01 AT&T 01/09/2012 456.71 ACH

None

2695157 30544887520010449/122511

01/09/2012 54100 00 Telephone 456.71 SVC 12/25/11 - 1/24/

Page 1 of 3







ACHPrintStatus


020384 ATT01 AT&T 01/09/2012 133.01 ACH

None

2695166 30544466569100445/122611

01/09/2012 54100 00 Telephone 133.01 SVC 12/26/11 - 1/25/

020385 CONT00 CONTINENTAL GROUP INC. 01/09/2012 648.00 Corp Mailed

None


020386 ECOL00 ECOLO ODOR CONTROL 01/16/2012 60.00 Corp Mailed

None

2702643 161815 01/16/2012 70119 R&M-Trash Chute 60.00 January svc

020387 FIRE25 FIRE CONTROLS, INC 01/16/2012 112.35 Corp Mailed

None

2702696 58169 01/16/2012 60050 Fire Alarm System 112.35 JAN-MAR 2012

020388 FLORA9 FLORIDA FIRE SAFETY INC 01/16/2012 379.74 Corp Mailed

None

2702852 30996 01/16/2012 60050 Fire Alarm System 379.74 Fire alarm annual in

020389 LUKE00 LUKES-SAWGRASS LANDSCAPE 01/16/2012 750.00 None

None

2702854 1201-98743 01/16/2012 60090 Lawn Maintenance 750.00 January svc


None

2702855 277375 01/16/2012 61010 Pest Control 250.00 December svc

020391 CORN23 CORNERSTONE PROPERTYSERVICES

01/23/2012 408.75 Corp Mailed

None

2709379 3202 01/23/2012 70045 R&M-Electrical 408.75 Model #WH2-120Celec

020392 HALP00 HALPERN RODRIGUEZ LLP 01/23/2012 1,425.00 None

None

2709380 3979 01/23/2012 50045 00 Legal Fees 1,425.00 General

020393 HALP00 HALPERN RODRIGUEZ LLP 01/23/2012 1,405.50 None

None

2709382 3980 01/23/2012 50045 00 Legal Fees 1,405.50 #558

020394 HIVA00 HI-VAC AIR CONDITIONING SVC 01/23/2012 250.00 Corp Mailed

None

2709385 1322 01/23/2012 60074 Hvac System 250.00 January svc

Page 2 of 3







ACHPrintStatus


020395 JERR18 JERRY GONZALEZ & ASSOC. INC 01/23/2012 15,983.75 OnSite Released

None

2709497 011012 01/23/2012 74005 00 Special Projects 15,983.75 Project Deposit

020396 CONT00 CONTINENTAL GROUP INC. 01/30/2012 648.00 None

None


020397 FLOR02 FLORIDA POWER & LIGHT 01/30/2012 880.21 None

None

2715919 89495-36307 01/30/2012 54050 00 Electricity/Gas 880.21 SVC 12/20/11 - 1/23/

020398 VILL012 VILLA ZAMORA 01/30/2012 442.72 None

None

2715904 012012 01/30/2012 10550 A/R Clearing 442.72 TRANS TO OPR2

020399 WAST04 WASTE MANAGEMENT 01/30/2012 537.49 None

None

2715906 8500458-2194-7 01/30/2012 61055 Trash Removal 537.49 January svc

Bank Totals 30,765.11

Total Number of Checks 26

Page 3 of 3

Page: 1

02/09/2012 1:54:42 PM AP Voucher Detail Report


For 01/01/2012 01/31/2012

Entity Vch # Vendor Inv # Amount Voucher Description Bank Chk # Chk Date Amount

Account: 10550 A/R Clearing

0T85 2715904 VILL012 VILLA ZAMORA 012012 442.72 TRANS TO OPR2 OPR2 020398 01/30/2012 442.72

Account: 10550 A/R Clearing 442.72

Account: 50045-00 Legal Fees

0T85 2709380 HALP00 HALPERN RODRIGUE 3979 1,425.00 General OPR2 020392 01/23/2012 1,425.00

0T85 2709382 HALP00 HALPERN RODRIGUE 3980 1,405.50 #558 OPR2 020393 01/23/2012 1,405.50

Account: 50045-00 Legal Fees 2,830.50

Account: 50075 Office Supplies

0T85 2688601 CONT00 CONTINENTAL GROU J108386 01.08 November supplies/postag OPR2

0T85 2688601 CONT00 CONTINENTAL GROU J108386 -01.08 November supplies/postag OPR2

0T85 2702856 CONT00 CONTINENTAL GROU T85/MC112011 02.13 November misc chrgs OPR2

Account: 50075 Office Supplies 02.13

Account: 50110 Miscellaneous

0T85 2693197 MINO16 MINORCA CONDOMIN 010312 150.00 Mtg Room OPR2 020381 01/06/2012 150.00

0T85 2693203 URIB02 MAGALI URIBARRI 010312 839.56 Reimb-x-mas brunch OPR2 020380 01/06/2012 839.56

Account: 50110 Miscellaneous 989.56

Account: 54050-00 Electricity/Gas

0T85 2693196 FLOR02 FLORIDA POWER & 89495-36307 819.07 SVC 11/18/11 - 12/20/11 OPR2 020379 01/06/2012 819.07

0T85 2715919 FLOR02 FLORIDA POWER & 89495-36307 880.21 SVC 12/20/11 - 1/23/12 OPR2 020397 01/30/2012 880.21

Account: 54050-00 Electricity/Gas 1,699.28

Account: 54100-00 Telephone

0T85 2695157 ATT01 AT&T 30544887520010449/122511

456.71 SVC 12/25/11 - 1/24/12 OPR2 020383 01/09/2012 456.71

0T85 2695166 ATT01 AT&T 30544466569100445/122611

133.01 SVC 12/26/11 - 1/25/12 OPR2 020384 01/09/2012 133.01

Account: 54100-00 Telephone 589.72

Account: 60050 Fire Alarm System

0T85 2702696 FIRE25 FIRE CONTROLS, I 58169 112.35 JAN-MAR 2012 OPR2 020387 01/16/2012 112.35

0T85 2702852 FLORA9 FLORIDA FIRE SAF 30996 379.74 Fire alarm annual inspec OPR2 020388 01/16/2012 379.74

Account: 60050 Fire Alarm System 492.09

Account: 60074 Hvac System

0T85 2709385 HIVA00 HI-VAC AIR CONDI 1322 250.00 January svc OPR2 020394 01/23/2012 250.00

Account: 60074 Hvac System 250.00

Account: 60075 Janitorial Service

0T85 2688608 CONT00 CONTINENTAL GROU 058399 648.00 P/E 12-16-11 OPR2 020374 01/03/2012 648.00



Account: 60075 Janitorial Service 1,944.00

Account: 60090 Lawn Maintenance

0T85 2688612 LUKE00 LUKES-SAWGRASS L 1112-98542 750.00 December svc OPR2 020376 01/03/2012 750.00

0T85 2702854 LUKE00 LUKES-SAWGRASS L 1201-98743 750.00 January svc OPR2 020389 01/16/2012 750.00

Account: 60090 Lawn Maintenance 1,500.00

Account: 61000 Management Services

Page: 2

02/09/2012 1:54:42 PM AP Voucher Detail Report


For 01/01/2012 01/31/2012

Entity Vch # Vendor Inv # Amount Voucher Description Bank Chk # Chk Date Amount

0T85 2688611 CONT00 CONTINENTAL GROU 1201-92042 1,550.00 January admin svc OPR2 020374 01/03/2012 1,550.00

Account: 61000 Management Services 1,550.00

Account: 61010 Pest Control

0T85 2688547 POWE03 POWEREXTERMINAT

273626 250.00 October svc OPR2 020377 01/03/2012 250.00


275513 250.00 November svc OPR2 020382 01/06/2012 250.00


277375 250.00 December svc OPR2 020390 01/16/2012 250.00

Account: 61010 Pest Control 750.00

Account: 61055 Trash Removal

0T85 2688596 WAST04 WASTEMANAGEMENT

8468067-2194-6 474.25 December svc OPR2 020378 01/03/2012 474.25

0T85 2715906 WAST04 WASTEMANAGEMENT

8500458-2194-7 537.49 January svc OPR2 020399 01/30/2012 537.49

Account: 61055 Trash Removal 1,011.74

Account: 70005 R&M-Air Conditioning

0T85 2688583 HIVA00 HI-VAC AIR CONDI 47097 127.00 Replaced fan belt OPR2 020375 01/03/2012 127.00

0T85 2688592 HIVA00 HI-VAC AIR CONDI 26984 136.00 Installed (8) aluminum f OPR2 020375 01/03/2012 136.00

Account: 70005 R&M-Air Conditioning 263.00

Account: 70045 R&M-Electrical

0T85 2709379 CORN23 CORNERSTONEPROP

3202 408.75 Model #WH2-120C electron OPR2 020391 01/23/2012 408.75

Account: 70045 R&M-Electrical 408.75

Account: 70119 R&M-Trash Chute

0T85 2702643 ECOL00 ECOLO ODOR CONTR 161815 60.00 January svc OPR2 020386 01/16/2012 60.00

Account: 70119 R&M-Trash Chute 60.00

Account: 74005-00 Special Projects

0T85 2709497 JERR18 JERRY GONZALEZ & 011012 15,983.75 Project Deposit OPR2 020395 01/23/2012 15,983.75

Account: 74005-00 Special Projects 15,983.75

Totals: 30,767.24 30,765.11

02/09/2012 2:19:06 PM Bank Reconciliation


WC02 BANK UNITED MM W. CAPITAL

As of Date: 01/31/2012

Bank Balance As Of01/31/2012

$33,296.72

Deposits in Transits 0.00

Outstanding Checks AP 0.00

_________________


$33,296.72

Book Balance As Of01/31/2012

$33,282.05

Adjustments Interest Income 14.07

Interest Income 0.60

_________________

Adjusted Book Balance $33,296.72

02/09/2012 2:19:06 PM Outstanding Check List



For Checks Dated Through: 01/31/2012

Check Date Vendor Type Amount

Report Total $0.00

Page: 1

02/09/2012 1:42:14 PM Delinquent Report

0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 01/31/2012

Building: 0000 - VILLA ALHAMBRA CONDO ASSOC

C/O THE CONTINENTAL GROUP INC

50 ALHAMBRA CIR

CORAL GABLES, FL 33134

Unit Resident Address Status Date Last PayDate

Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

RM Reminder Notice

0312 01 Jose Luis Ruiz 50 Alhambra Cir 312 01/17/2012 01/20/2012 442.66 5.00 25.00 30.00

0405 01 Luciano Visentin 50 Alhambra Cir 405 01/17/2012 01/03/2012 288.82 30.00 60.96 90.96

Totals: 2 35.00 85.96 0.00 0.00 120.96

DM Demand Letter

0403 01 Victor Planchart 50 Alhambra Cir 403 01/17/2012 12/12/2011 30.00 50.00 408.25 95.00 75.00 628.25

Totals: 1 50.00 408.25 95.00 75.00 628.25

NL No Letters

0304 01 Maria Victoria Rua 50 Alhambra Cir 304 07/06/2011 02/07/2012 774.32 374.66 374.66

Totals: 1 0.00 374.66 0.00 0.00 374.66

0000 Totals: 85.00 868.87 95.00 75.00 1,123.87

RN Reminder Collection Cost 10.00 5.00 0.00 0.00 15.00

MM Maintenance Fees 0.00 813.87 70.00 0.00 883.87

LF Late Fees 50.00 25.00 0.00 0.00 75.00

DN Demand Collection Cost 25.00 25.00 25.00 75.00 150.00

Grand Totals: 85.00 868.87 95.00 75.00 1,123.87

RN Reminder Collection Cost 10.00 5.00 0.00 0.00 15.00

MM Maintenance Fees 0.00 813.87 70.00 0.00 883.87

LF Late Fees 50.00 25.00 0.00 0.00 75.00

DN Demand Collection Cost 25.00 25.00 25.00 75.00 150.00

02/09/2012 2:33:44 PM Prepaid Insurance Schedule Report


Month ending January 31, 2012

Description Policy # From To Total Premium Paid To Date Included inA/P

TotalExpensed

PrepaidBalance

Directors & Officers Inv05135162011

05/16/2011 05/16/2012 1,106.20 1,106.20 0.00 785.61 320.59

Crime Inv05135162011

05/16/2011 05/16/2012 205.64 205.64 0.00 146.16 59.48

Boiler & Machinery Inv05135162011

05/16/2011 05/16/2012 980.00 980.00 0.00 696.87 283.13

Umbrella Inv05135162011

05/16/2011 05/16/2012 2,147.67 2,147.67 0.00 1,526.85 620.82

General Liability Inv05135162011

05/16/2011 05/16/2012 3,108.84 3,108.84 0.00 2,210.67 898.17

Wrap Around Inv05135162011

05/16/2011 05/16/2012 3,069.24 3,069.24 0.00 2,181.96 887.28

Property Inv05135162011

05/16/2011 05/16/2012 19,526.90 19,526.90 0.00 13,887.81 5,639.09

Total 30,144.49 30,144.49 0.00 21,435.93 8,708.56

Expense for the Month Remaining Prepaid Comments

Description Policy # Days Per Day Adjustment Total Days Months

Directors & Officers Inv05135162011

31 3.01 0.00 93.31 106 3.5 52030

Crime Inv05135162011

31 0.56 0.00 17.36 106 3.5 52030

Boiler & Machinery Inv05135162011

31 2.67 0.00 82.77 106 3.5 52030

Umbrella Inv05135162011

31 5.85 0.00 181.35 106 3.5 52030

General Liability Inv05135162011

31 8.47 0.00 262.57 106 3.5 52030

Wrap Around Inv05135162011

31 8.36 0.00 259.16 106 3.5 52030

Property Inv05135162011

31 53.21 0.00 1,649.51 106 3.5 52030

Total 82.13 0.00 2,546.03

Page 1 of 1

02/09/2012 3:16:33 PM Prepaid Expenses Schedule Report

0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM

ASSOCIATION, INC.


Description GL Account From To Total AmountTotal Exp.Prepaid Balance

Long Term Entries

Elevator Contract- Otis Elevator 60035 01/01/2012 05/31/2012 2,776.66 555.33 2,221.33

Equip Contract-Life Safety- Fire Controls 60046-30 01/01/2012 08/31/2012 83.33 10.42 72.91

Annual Condo Fees- Florida DBPR 50048 01/01/2012 12/31/2012 144 12 132

Miami Dade County Buisness Permit 50050-00 01/01/2012 07/31/2012 145.4 20.77 124.63

Florida Fire Safety Annual Inspection 60046-30 01/01/2012 08/31/2012 180.12 22.52 157.6

Florida Fire Safety Annual Inspection 60046-30 01/01/2012 12/31/2012 379.74 31.66 348.08

Access System Maintenance- Security Innovation 60065 01/01/2012 02/28/2012 856 428 428

Fire Alarm System- Fire Controls 60050 01/01/2012 03/31/2012 112.35 37.45 74.9

Total 4,677.60 1,118.15 3,559.45

02/09/2012 2:31:18 PM Bank Reconciliation


SEC2 BANK UNITED SEC DEP

As of Date: 01/31/2012


$8,715.00

Deposits in Transits 0.00

Outstanding Checks AP -500.00

_________________


$8,215.00

Book Balance As Of01/31/2012

$8,215.00

_________________

Adjusted Book Balance $8,215.00

02/09/2012 2:31:18 PM Outstanding Check List



For Checks Dated Through: 01/31/2012

Check Date Vendor Type Amount

202 12/12/2011 COST69 LUCIANO COSTA Printed $500.00

Report Total $500.00

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.

Schedule of Utility Deposits

January 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

Total 3,874.00$

02/09/2012 1:52:32 PM Open Invoice Report

As Of 01/31/2012

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.

2702856 Regular T85/MC112011 01/16/2012 CONTINENTAL GROUP INC. Yes 02.13 00.00 02.13 15

12/20/2011 01/16/2012 November misc chrgs OPR2 BANK UNITED OPR

0T85 50075 Office Supplies 02.13 00.00 02.13

Vendor Totals Invoices: 02.13 00.00 02.13

Credits: 00.00

Checks:

Page 1 of 1

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.

Schedule of Collection Fees Due

January 31, 2012

Description Date Amount Date Check# Amount

Collection Charges/Credits 9/30/10 100.00


Collection Charges/Credits 2/11/11 20148 (100.00)

Collection Charges/Credits 3/31/11 100.00 20171 (35.00)





Collection Charges/Credits 8/31/11 (5.00) Credit 25.00






Subtotal 770.00$ (595.00)$

Total Collection Fees Due 175.00$

Reimbursed to The Continental Group, Inc.

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.

02/10/2012 9:39:50 AM Accrued Expenses Schedule Report

0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.


Description Invoice AmountFrom To Account Number Calculated Amount

Accounting Fees-2011- Gerstle,Rosen &Goldberg $2,500.00 01/01/2011 12/31/2011 50005 $2,500.00

Water & Sewer- Miami Dade (est) $3,296.22 10/22/2011 01/23/2012 54070-00 $3,296.22

Health Benefits- TCG $576.00 11/01/2011 01/31/2012 60066 $576.00

Janitorial Service- TCG $702.00 01/14/2012 01/27/2012 60075 $702.00

Accounting Fees 2012 $208.00 01/01/2012 01/31/2012 50005 $208.00

Pest Control- Power $250.00 01/01/2012 01/31/2012 61010 $250.00

Exterminators

Total $7,532.22

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.Schedule of Security DepositsJanuary 31, 2012

D E P O S I T REFUNDS BALANCE UNIT # OWNER'S/RENTER'S NAME DATE AMOUNT DATE AMOUNT CK #

0307 Norman Cerna Barquero 07/28/08 500.00 500.00 0307 Norman Cerna Barquero 12/10/08 500.00 500.00 0312 Mendatta, LLC 03/23/09 500.00 500.00 0312 Mendatta, LLC 07/29/09 500.00 500.00 0403 Victor Planchart 12/15/08 500.00 500.00 0405 Luciano Visentin 04/02/09 500.00 12/12/11 500.00 202 - 0406 Mendatta, LLC 03/23/09 500.00 500.00 0406 Mendatta, LLC 08/24/09 500.00 500.00 0407 Tito Cabrera Bello 05/13/09 500.00 500.00 0306 Christiana Meitzner 09/16/09 500.00 500.00 0310 Joao Fernando Kfouri 09/16/09 500.00 500.00 0311 Maria Riquezes Curiel 10/05/09 500.00 500.00 0403 Victor Planchart 10/12/09 500.00 500.00 0308 Celso Miragaya 11/18/09 500.00 500.00 0112 Chico Industries 12/08/09 500.00 500.00 0311 Maria Riquezes Curiel 02/01/10 500.00 500.00 404 Jennifer Homes, Inc. 03/29/11 250.00 250.00

- -

$9,750.00 $2,000.00 7,750.00$

$7,750.00

Total

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

Cash Balance 8,215.00$

Diff $0.00

Page: 1

02/09/2012 1:44:44 PM Prepaid Report


As of 01/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

No Collection Status

0101 01 Randall Gluss 50 Alhambra Cir 101 02/06/2012 864.69 -0.06 -0.06

0103 01 Christian VonDerGoltz 50 Alhambra Cir 103 01/30/2012 851.33 -851.33 -851.33 -790.69 -976.94 -3,470.29

0107 01 Marta Megassini 50 Alhambra Cir 107 01/31/2012 859.18 -859.18 -20.00 -879.18

0108 01 Joseph Monagle 50 Alhambra Cir 108 02/08/2012 851.33 -0.24 -0.24

0109 01 Gaspar Fernandez 50 Alhambra Cir 109 01/11/2012 787.60 -787.60 -175.68 -963.28

0110 01 Rober Gordon 50 Alhambra Cir 110 01/30/2012 851.33 -851.33 -851.33

0302 01 Michael E Dearing 50 Alhambra Cir 302 01/23/2012 412.66 -412.66 -412.66

0303 01 Ernesto Velazquez 50 Alhambra Cir 303 02/06/2012 358.25 -295.81 -156.01 -451.82

0307 01 Norman Cerna 50 Alhambra Cir 307 02/06/2012 349.78 -263.91 -263.91

0310 01 Joao Fernando Kfouri 50 Alhambra Cir 310 01/26/2012 399.66 -399.66 -50.02 -449.68

0409 01 Narciso Iturralde 50 Alhambra Cir 409 02/06/2012 358.25 -80.19 -80.19

0410 01 Chandan Sridhar 50 Alhambra Cir 410 01/18/2012 399.66 -399.66 -0.12 -399.78

Totals: 12 -4,825.39 -1,473.39 -790.69 -1,132.95 -8,222.42

RM Reminder Notice

0104 01 Alexandra V Mandado 50 Alhambra Cir 104 04/18/2011 02/03/2012 848.00 -219.56 -219.56

0301 01 Juan Gonzalez 50 Alhambra Cir 301 04/18/2011 12/22/2011 479.78 -529.22 -529.22

0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 01/12/2012 4,197.36 -3,847.58 -3,847.58

0404 01 Manuel Cao Quintero 50 Alhambra Cir 404 01/17/2012 01/17/2012 4,795.92 -4,366.38 -4,366.38

0407 01 Tito Cabrera Bello 50 Alhambra Cir 407 10/18/2011 02/06/2012 349.78 -288.82 -288.82

Totals: 5 -8,722.34 -529.22 0.00 0.00 -9,251.56

NL No Letters

0408 01 Fernando Perez 50 Alhambra Cir 408 07/06/2011 01/11/2012 267.48 -2,137.40 -2,137.40

Totals: 1 -2,137.40 0.00 0.00 0.00 -2,137.40

0000 Totals: -15,685.13 -2,002.61 -790.69 -1,132.95 -19,611.38

Page: 2

02/09/2012 1:44:44 PM Prepaid Report


As of 01/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

MM Maintenance Fees -15,685.13 -2,002.61 -790.69 -1,132.95 -19,611.38

Grand Totals: -15,685.13 -2,002.61 -790.69 -1,132.95 -19,611.38

MM Maintenance Fees -15,685.13 -2,002.61 -790.69 -1,132.95 -19,611.38

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.Income Statement - Schedule of Prior Year Expense January 31, 2012 GL Code 70298

Service Description GL Code Date Period Amount

Window Services Accrual 2011 61075 04/11-12/11 4,500.00 Water & Sewer Accrual 2011 54070-00 12/31/2011 456.74

Total 4,956.74$

villa alhambra financials jan. 2012

Documents

total assets

total current liabilities

total reserve liabilities

total liabilities equity

total current assets

total administrative

total revenue

total utilities