villa alhambra financials may 2012

VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

FINANCIAL STATEMENTS

For the period ending May 31, 2012

FOR MANAGEMENT PURPOSES ONLY

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.

06/21/2012 9:44:36 AM Standard_Balance_Sheet0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.05/31/2012

THE CONTINENTAL GROUP, INC.

2950 N 28 TERRACE

Hollywood FL 33020

Account Description As of Prior Month Inc/(Dec)May

ASSETS

**CURRENT ASSETS

10010 13 Cash-Operating - Bank United 95,760 67,520 28,240

10050 00 Cash In Transit - Oper 0 33,331 (33,331)

10200 Due (To)/From Reserves 0 (3,480) 3,480

10300 Accounts Receivable 139 808 (669)

10500 Prepaid Insurance 31,017 7,764 23,253

10505 Prepaid Expenses 4,398 2,063 2,335

12090 13 Cash-Deposits Bank United 7,715 7,715 0

**TOTAL CURRENT ASSETS $139,028 $115,720 $23,308

**RESTRICTED FUNDS

12010 13 Cash-Reserves - Bank United 17,406 10,442 6,963

12045 Due (To)/From Operating 0 3,480 (3,480)

**TOTAL RESTRICTED FUNDS $17,406 $13,922 $3,483

**OTHER ASSETS

19010 Utility Deposits 3,874 3,874 0

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

**TOTAL ASSETS $160,308 $133,517 $26,791

LIABILITIES

**CURRENT LIABILITIES

20005 Collection Fees due 35 25 10

20010 Accrued Expenses 10,370 8,465 1,906

20030 Insurance Payable 23,456 0 23,456

20080 Security Deposits 7,250 7,250 0

20100 Prepaid Assessments 15,360 18,259 (2,899)

**TOTAL CURRENT LIABILITIES $56,471 $33,999 $22,472

**RESERVE LIABILITIES

30000 01 Reserves A/C Equipment 2,329 1,863 466

30000 113d Reserves Bldg 1 Ext Painting 7,552 6,042 1,510

30000 113g Reserves Bldg 1 Roofing 5,670 4,536 1,134

30000 113q Reserves Bldg 1 Elevator 1,845 1,476 369

30080 Reserve-Interest 10 5 5

**TOTAL RESERVE LIABILITIES $17,406 $13,922 $3,484

**TOTAL LIABILITIES $73,877 $47,921 $25,956

EQUITY

**MEMBERS EQUITY

38015 Cap Contribution Int 310 310 0

38880 Fund Balance 76,789 76,789 0

Current Year Net Income/(Loss) $9,332 $8,497 $835

Page 1 of 2

06/21/2012 9:44:36 AM Standard_Balance_Sheet0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

Account Description As of Prior Month Inc/(Dec)May

**TOTAL MEMBERS EQUITY $86,431 $85,596 $835

**TOTAL LIABILITIES & EQUITY $160,308 $133,517 $26,791

Page 2 of 2

06/21/2012 9:39:40 AM Income Statement Budget vs Actual0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

Account Description MayActual

MayBudget

MayVariance

YTD Actual YTDBudget

Variance

REVENUE

40000 Owner Assessments 16,483 16,483 0 82,414 82,415 (1)

40002 00 Reserve Income 3,479 3,479 0 17,396 17,396 0

40011 Late Fee Income 50 0 50 267 0 267

40025 Returned Check Fees 0 0 0 60 0 60

40030 Screening Fees 0 0 0 175 0 175

40033 Parking Income 100 0 100 28,300 0 28,300

40060 Gate/Key Cards 300 0 300 455 0 455

40080 Interest Income 0 0 0 49 0 49

40081 Reserve Interest 5 0 5 10 0 10

**TOTAL REVENUE $20,417 $19,962 $455 $129,126 $99,811 $29,315

EXPENSES

**ADMINISTRATIVE

50005 Accounting Fees 208 208 0 1,040 1,040 0

50012 00 Bad Debts 0 0 0 1 0 (1)

50015 Bank Charges 0 8 8 30 40 10

50045 00 Legal Fees 1,950 500 (1,450) 9,401 2,500 (6,901)

50048 Annual Condo Fees 12 12 0 60 60 0

50050 00 License,Taxes,Permit 70 50 (20) 293 250 (43)

50050 15 License,Taxes,Permit - Ele 0 21 21 266 105 (161)

50053 Corporate Annual Rep 5 5 0 26 25 (1)

50075 Office Supplies 0 100 100 45 500 455

50090 00 Professional Fees 0 208 208 0 1,040 1,040

50090 30 Professional Fees - Ins. A 0 83 83 0 415 415

50090 45 Professional Fees - Reserv 0 458 458 0 2,290 2,290

50100 Screening Fees 0 0 0 100 0 (100)

50110 Miscellaneous 150 56 (94) 151 280 129

**TOTAL ADMINISTRATIVE $2,395 $1,709 ($686) $11,411 $8,545 ($2,866)

**PROPERTY INSURANCE

52030 Multiperil Insurance 2,739 2,517 (222) 12,677 12,585 (92)

**TOTAL PROPERTY INSURANCE $2,739 $2,517 ($222) $12,677 $12,585 ($92)

**UTILITIES

54050 00 Electricity/Gas 1,144 1,167 23 4,420 5,835 1,415

54070 00 Water & Sewer 1,119 1,292 173 5,033 6,460 1,427

54100 00 Telephone 744 492 (252) 3,223 2,460 (763)

**TOTAL UTILITIES $3,007 $2,951 ($56) $12,676 $14,755 $2,079

**CONTRACTS

60023 Carpet Contract 0 125 125 0 625 625

60035 Elevator Contract 555 495 (60) 2,777 2,475 (302)

60046 30 Equipment Contract - Life 65 160 95 548 800 252

60065 Access System Maintenance 428 400 (28) 2,140 2,000 (140)

60066 Health Benefits (192) 125 317 576 625 49

60074 Hvac System 250 250 0 1,250 1,250 0

60075 Janitorial Service 1,055 1,410 355 6,111 7,050 939

60090 Lawn Maintenance 620 750 130 3,490 3,750 260

61000 Management Services 950 1,574 624 7,150 7,870 720

Page 1 of 2

06/21/2012 9:39:40 AM Income Statement Budget vs Actual0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

Account Description MayActual

MayBudget

MayVariance

YTD Actual YTDBudget

Variance

61010 Pest Control 250 250 0 1,250 1,250 0

61055 Trash Removal 474 300 (174) 2,434 1,500 (934)

61075 Window Services 0 417 417 0 2,085 2,085

**TOTAL CONTRACTS $4,456 $6,256 $1,800 $27,726 $31,280 $3,554

**REPAIRS/MAINTENANCE

70005 R&M-Air Conditioning 0 83 83 787 415 (372)

70025 R&M-Building 348 83 (265) 660 415 (245)

70038 R&M-Driveway 0 100 100 0 500 500

70043 63 Repairs/Maintenance Painti 0 83 83 0 415 415

70045 R&M-Electrical 869 250 (619) 1,722 1,250 (472)

70048 32 R&M Equipment - Life Safet 292 42 (250) 1,138 210 (928)

70048 33 R&M Equipment - Mechanical (51) 0 51 0 0 0

70050 R&M-Entry System 457 100 (357) 1,210 500 (710)

70060 R&M-General 0 1,250 1,250 0 6,250 6,250

70119 R&M-Trash Chute 1,023 100 (923) 1,263 500 (763)

70125 R&M-Signage 0 25 25 208 125 (83)

70134 Landscaping 563 167 (396) 563 835 273

70216 R&M Janitorial Supplies 0 100 100 149 500 351

70289 00 Contingency 0 667 667 1,000 3,335 2,335

**TOTAL REPAIRS/MAINTENANCE $3,501 $3,050 ($451) $8,699 $15,250 $6,551

**SPECIAL PROJECTS

74005 00 Special Projects 0 0 0 34,096 0 (34,096)

**TOTAL SPECIAL PROJECTS $0 $0 $0 $34,096 $0 ($34,096)

**RESERVE TRANSFERS

80000 00 Reserve Transfers 3,479 3,479 0 17,396 17,396 0

80001 Reserve Interest 5 0 (5) 10 0 (10)

**TOTAL RESERVE TRANSFERS $3,484 $3,479 ($5) $17,406 $17,396 ($10)

**PRIOR YEAR ACTIVITY

70298 00 Prior Year Expense 0 0 0 (4,897) 0 4,897

**TOTAL PRIOR YEAR ACTIVITY $0 $0 $0 ($4,897) $0 $4,897

**TOTAL EXPENSES $19,582 $19,962 $380 $119,794 $99,811 ($19,983)

NET INCOME/(LOSS) $835 $0 $835 $9,332 $0 $9,332

Page 2 of 2

06/18/2012 5:16:14 PM Bank Reconciliation0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM

ASSOCIATION, INC.OPR2 BANK UNITED OPR

As of Date: 05/31/2012

Bank Balance As Of05/31/2012

$109,062.49

Deposits in Transits 0.00Outstanding Checks AP -13,302.75

_________________Bank Balance As Of05/31/2012

$95,759.74

Book Balance As Of05/31/2012

$95,759.74

_________________Adjusted Book Balance $95,759.74

06/18/2012 5:16:14 PM Outstanding Check List0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.OPR2 BANK UNITED OPR

For Checks Dated Through: 05/31/2012

Check Date Vendor Type Amount

20392 01/23/2012 HALP00 HALPERN RODRIGUEZ LLP Void $1,425.0020439 03/12/2012 CONT00 CONTINENTAL GROUP INC. Printed $2,036.2620474 04/30/2012 FLORA9 FLORIDA FIRE SAFETY INC Printed $160.5020489 05/14/2012 FLORA9 FLORIDA FIRE SAFETY INC Printed $240.7520490 05/14/2012 SUNN15 SUNNY GREENS Printed $620.0020494 05/25/2012 ALVA08 ALVAREZ LOCKSMITH Printed $605.4920495 05/25/2012 CORN23 CORNERSTONE PROPERTY SERVICES Printed $869.1520496 05/25/2012 HALP00 HALPERN RODRIGUEZ LLP Printed $1,950.0020497 05/25/2012 MINO16 MINORCA CONDOMINIUM Printed $150.0020498 05/25/2012 OTIS00 OTIS ELEVATOR COMPANY Printed $3,470.1020499 05/25/2012 POWE03 POWER EXTERMINATORS,INC Printed $250.0020500 05/25/2012 SUNN15 SUNNY GREENS Printed $562.5020501 05/25/2012 WHRH00 WHR HOLDINGS LLC Printed $963.00

Report Total $13,302.75

06/18/2012 5:16:14 PM Deposits In Transits0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM

ASSOCIATION, INC.OPR2 BANK UNITED OPR

For Deposits Dated Through: 05/31/2012

Batch Date Description Amount

Bank Code Total $0.00

Page: 1

06/19/2012 1:36:07 PM Summary Batch Report for Cash ReceiptsFor Batch No 1 To 999999999

For Batch Dates 05/01/2012 To 05/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1760401 05/01/2012 OPR2 BANK UNITED OPR 33,330.77

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1760406 05/01/2012 OPR2 BANK UNITED OPR 700.00



















BANK UNITED OPR Total: 51,522.78

06/19/2012 1:36:44 PM AP Check History ReportVILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.For Checks Dated 05/01/2012 to 05/31/2012

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

020481 ATT01 AT&T 05/07/2012 166.03 OnSite Released

None

2815432 30544466569100445/42612

05/07/2012 54100 00 Telephone 166.03 SVC 4/26 - 5/25/12

020482 CONT00 CONTINENTAL GROUP INC. 05/07/2012 955.10 Corp Mailed

None

2766029 T85/MC012012 03/19/2012 50075 Office Supplies 11.14 January misc chrgs

None

2766029 T85/MC012012 03/19/2012 50075 Office Supplies (6.04) Credit postage

None

2815436 1205-95557 05/07/2012 61000 Management Services 1,350.00 MAY ADMIN SVCS /CRE

None

2815436 1205-95557 05/07/2012 61000 Management Services (400.00) MAY ADMIN SVCS /CRE

020483 GERS00 GERSTLE, ROSEN &GOLDENBERG, P.

05/07/2012 1,500.00 OnSite Released

None

2815438 115974 05/07/2012 50090 010 Professional Fees - Accounti 1,500.00 PROFESSIONALSVCS

020484 WATE14 WATER LEAK DETECTORS INC 05/07/2012 200.00 OnSite Released

None

2815437 6371 05/07/2012 70025 R&M-Building 200.00 REPAIR & MAINT

020485 WELL01 WELLS FARGO INSURANCE 05/10/2012 2,536.55 OnSite Released

None

2821097 Down-pymt 05/10/2012 20030 Insurance Payable 2,536.55 DOWN PYMT-PROP,UMB,B

020486 ATT01 AT&T 05/14/2012 578.01 OnSite Released

None

2823847 30544887520010449/42512

05/14/2012 54100 00 Telephone 578.01 SVC 4/25 - 5/24/12

020487 CONT00 CONTINENTAL GROUP INC. 05/14/2012 595.32 Corp Mailed

None

2823839 065892 05/14/2012 60075 Janitorial Service 595.32 PAYROLL P/E 5/4/12

020488 ECOL00 ECOLO ODOR CONTROL 05/14/2012 60.00 OnSite Released

None

2823859 163707 05/14/2012 70119 R&M-Trash Chute 60.00 MAY SERVICES

020489 FLORA9 FLORIDA FIRE SAFETY INC 05/14/2012 240.75 OnSite Released

None

2823864 32560 05/14/2012 70048 32 R&M Equipment - Life Safety 240.75 REPAIR & MAINT

Page 1 of 3






ACHPrintStatus


020490 SUNN15 SUNNY GREENS 05/14/2012 620.00 OnSite Released

None

2823868 3001 05/14/2012 60090 Lawn Maintenance 620.00 MAY SERVICES

020491 HIVA00 HI-VAC AIR CONDITIONING SVC 05/21/2012 250.00 OnSite Released

None

2831156 1419 05/21/2012 60074 Hvac System 250.00 MAY A/C MAINT

020492 VILL002 VILLA ALHAMBRA 05/24/2012 3,479.00 None

ACHPrint

2834746 050112 05/24/2012 12010 13 Cash-Reserves - Bank United 3,479.00 MAY RSVTRANSFER

020493 VILL002 VILLA ALHAMBRA 05/24/2012 3,479.00 None

ACHPrint

2834740 040112 05/24/2012 12010 13 Cash-Reserves - Bank United 3,479.00 APRIL TRANSFER

020494 ALVA08 ALVAREZ LOCKSMITH 05/25/2012 605.49 OnSite Released

None

2836980 23541 05/25/2012 70025 R&M-Building 148.13 REPAIR & MAINT

None

2836990 23543 05/25/2012 70050 R&M-Entry System 457.36 REPAIR & MAINT

020495 CORN23 CORNERSTONE PROPERTYSERVICES

05/25/2012 869.15 OnSite Released

None

2836946 3438 05/25/2012 70045 R&M-Electrical 869.15 REPAIR & MAINT

020496 HALP00 HALPERN RODRIGUEZ LLP 05/25/2012 1,950.00 OnSite Released

None

2836949 4205 05/25/2012 50045 00 Legal Fees 400.00 3/1-3/28/12 SVCS

None

2836954 4097 05/25/2012 50045 00 Legal Fees 1,550.00 1/3-6/12 SVCS

020497 MINO16 MINORCA CONDOMINIUM 05/25/2012 150.00 OnSite Released

None

2837010 ROOM 2012ANNUALMEETING

05/25/2012 50110 Miscellaneous 150.00 RSV MEETINGROOM

020498 OTIS00 OTIS ELEVATOR COMPANY 05/25/2012 3,470.10 OnSite Released

None

2837027 TAO08008612 05/25/2012 70048 02 R&M Equipment - Alarm 3,470.10 SVC 6/1 - 11/30/12

020499 POWE03 POWER EXTERMINATORS,INC 05/25/2012 250.00 OnSite Released

Page 2 of 3






ACHPrintStatus


None

2837019 284887 05/25/2012 61010 Pest Control 250.00 IN/OUT CONTROL

020500 SUNN15 SUNNY GREENS 05/25/2012 562.50 OnSite Released

None

2837021 3010 05/25/2012 70134 Landscaping 562.50 1.5 PALLET REDMULCH

020501 WHRH00 WHR HOLDINGS LLC 05/25/2012 963.00 OnSite Released

None

2836988 FL3389 05/25/2012 70119 R&M-Trash Chute 963.00 REPAIR & MAINT

Bank Totals 23,480.00

Total Number of Checks 21

Page 3 of 3

Page: 1

06/15/2012 3:40:52 PM AP Voucher Detail Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC. For 05/01/2012 05/31/2012

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

Account: 12010-13 Cash-Reserves - Bank United

0T85 2834740 VILL002 VILLA ALHAMBRA 040112 3,479.00 APRIL TRANSFER OPR2 020493 05/24/2012 3,479.00

0T85 2834746 VILL002 VILLA ALHAMBRA 050112 3,479.00 MAY RSV TRANSFER OPR2 020492 05/24/2012 3,479.00

Account: 12010-13 Cash-Reserves - Bank United 6,958.00

Account: 20030 Insurance Payable

0T85 2821097 WELL01 WELLS FARGO INSU Down-pymt 2,536.55 DOWN PYMT-PROP,UMB,BM,CR

OPR2 020485 05/10/2012 2,536.55

Account: 20030 Insurance Payable 2,536.55

Account: 50045-00 Legal Fees

0T85 2836949 HALP00 HALPERN RODRIGUE 4205 400.00 3/1-3/28/12 SVCS OPR2 020496 05/25/2012 400.00

0T85 2836954 HALP00 HALPERN RODRIGUE 4097 1,550.00 1/3-6/12 SVCS OPR2 020496 05/25/2012 1,550.00

Account: 50045-00 Legal Fees 1,950.00

Account: 50090-010 Professional Fees - Accounting

0T85 2815438 GERS00 GERSTLE, ROSEN & 115974 1,500.00 PROFESSIONAL SVCS OPR2 020483 05/07/2012 1,500.00

Account: 50090-010 Professional Fees - Accounting 1,500.00

Account: 50110 Miscellaneous

0T85 2837010 MINO16 MINORCA CONDOMIN ROOM 2012ANNUALMEETING

150.00 RSV MEETING ROOM OPR2 020497 05/25/2012 150.00

Account: 50110 Miscellaneous 150.00

Account: 54100-00 Telephone

0T85 2815432 ATT01 AT&T 30544466569100445/42612

166.03 SVC 4/26 - 5/25/12 OPR2 020481 05/07/2012 166.03

0T85 2823847 ATT01 AT&T 30544887520010449/42512

578.01 SVC 4/25 - 5/24/12 OPR2 020486 05/14/2012 578.01

Account: 54100-00 Telephone 744.04

Account: 60074 Hvac System

0T85 2831156 HIVA00 HI-VAC AIR CONDI 1419 250.00 MAY A/C MAINT OPR2 020491 05/21/2012 250.00

Account: 60074 Hvac System 250.00

Account: 60075 Janitorial Service

0T85 2823839 CONT00 CONTINENTAL GROU 065892 595.32 PAYROLL P/E 5/4/12 OPR2 020487 05/14/2012 595.32

Account: 60075 Janitorial Service 595.32

Account: 60090 Lawn Maintenance

0T85 2823868 SUNN15 SUNNY GREENS 3001 620.00 MAY SERVICES OPR2 020490 05/14/2012 620.00

Account: 60090 Lawn Maintenance 620.00

Account: 61000 Management Services

0T85 2815436 CONT00 CONTINENTAL GROU 1205-95557 1,350.00 MAY ADMIN SVCS /CREDIT

OPR2 020482 05/07/2012 1,350.00

0T85 2815436 CONT00 CONTINENTAL GROU 1205-95557 -400.00 MAY ADMIN SVCS /CREDIT

OPR2 020482 05/07/2012 -400.00

Account: 61000 Management Services 950.00

Account: 61010 Pest Control

0T85 2837019 POWE03 POWEREXTERMINAT

284887 250.00 IN/OUT CONTROL OPR2 020499 05/25/2012 250.00

Account: 61010 Pest Control 250.00

Page: 2

06/15/2012 3:40:52 PM AP Voucher Detail Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC. For 05/01/2012 05/31/2012

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

Account: 70025 R&M-Building

0T85 2815437 WATE14 WATER LEAK DETEC 6371 200.00 REPAIR & MAINT OPR2 020484 05/07/2012 200.00

0T85 2836980 ALVA08 ALVAREZ LOCKSMIT 23541 148.13 REPAIR & MAINT OPR2 020494 05/25/2012 148.13

Account: 70025 R&M-Building 348.13

Account: 70045 R&M-Electrical

0T85 2836946 CORN23 CORNERSTONEPROP

3438 869.15 REPAIR & MAINT OPR2 020495 05/25/2012 869.15

Account: 70045 R&M-Electrical 869.15

Account: 70048-02 R&M Equipment - Alarm

0T85 2837027 OTIS00 OTIS ELEVATOR CO TAO08008612 3,470.10 SVC 6/1 - 11/30/12 OPR2 020498 05/25/2012 3,470.10

Account: 70048-02 R&M Equipment - Alarm 3,470.10

Account: 70048-32 R&M Equipment - Life Safety

0T85 2823864 FLORA9 FLORIDA FIRE SAF 32560 240.75 REPAIR & MAINT OPR2 020489 05/14/2012 240.75

Account: 70048-32 R&M Equipment - Life Safety 240.75

Account: 70050 R&M-Entry System

0T85 2836990 ALVA08 ALVAREZ LOCKSMIT 23543 457.36 REPAIR & MAINT OPR2 020494 05/25/2012 457.36

Account: 70050 R&M-Entry System 457.36

Account: 70119 R&M-Trash Chute

0T85 2823859 ECOL00 ECOLO ODOR CONTR 163707 60.00 MAY SERVICES OPR2 020488 05/14/2012 60.00

0T85 2836988 WHRH00 WHR HOLDINGS LLC FL3389 963.00 REPAIR & MAINT OPR2 020501 05/25/2012 963.00

Account: 70119 R&M-Trash Chute 1,023.00

Account: 70134 Landscaping

0T85 2837021 SUNN15 SUNNY GREENS 3010 562.50 1.5 PALLET RED MULCH OPR2 020500 05/25/2012 562.50

Account: 70134 Landscaping 562.50

Totals: 23,474.90 23,474.90

Page: 1

06/19/2012 1:37:58 PM Delinquent Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 05/31/2012

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

CL Cleared Collections

0405 01 Luciano Visentin 50 Alhambra Cir 405 03/14/2012 02/29/2012 3,988.54 30.00 30.00

Totals: 1 0.00 0.00 30.00 0.00 30.00

RM Reminder Notice

0104 01 Alexandra V Mandado 50 Alhambra Cir 104 06/15/2012 06/06/2012 848.00 30.00 47.40 77.40

0311 01 Maria Riquezes 50 Alhambra Cir 311 01/17/2012 06/04/2012 479.16 1.24 1.24

0312 01 Jose Luis Ruiz 50 Alhambra Cir 312 06/15/2012 05/21/2012 442.66 5.00 5.00 5.00 15.00 30.00

Totals: 3 35.00 53.64 5.00 15.00 108.64

0000 Totals: 35.00 53.64 35.00 15.00 138.64

BC Return Check Fees 0.00 0.00 30.00 0.00 30.00

RN Reminder Collection Cost 10.00 10.00 5.00 15.00 40.00

MM Maintenance Fees 0.00 43.64 0.00 0.00 43.64

LF Late Fees 25.00 0.00 0.00 0.00 25.00

Grand Totals: 35.00 53.64 35.00 15.00 138.64

BC Return Check Fees 0.00 0.00 30.00 0.00 30.00

RN Reminder Collection Cost 10.00 10.00 5.00 15.00 40.00

MM Maintenance Fees 0.00 43.64 0.00 0.00 43.64

LF Late Fees 25.00 0.00 0.00 0.00 25.00

06/19/2012 10:19:57 AM Prepaid Insurance Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.Month ending May 31, 2012

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

TotalExpensed

PrepaidBalance

Directors & Officers Inv05135162011

05/16/2011 05/15/2012 1,106.20 1,106.20 0.00 1,106.20 0.00

Crime Inv05135162011

05/16/2011 05/15/2012 205.64 205.64 0.00 205.64 0.00

Boiler & Machinery Inv05135162011

05/16/2011 05/15/2012 980.00 980.00 0.00 980.00 0.00

Umbrella Inv05135162011

05/16/2011 05/15/2012 2,147.67 2,147.67 0.00 2,147.67 0.00

General Liability Inv05135162011

05/16/2011 05/15/2012 3,108.84 3,108.84 0.00 3,108.84 0.00

Wrap Around Inv05135162011

05/16/2011 05/15/2012 3,069.24 3,069.24 0.00 3,069.24 0.00

Property Inv05135162011

05/16/2011 05/15/2012 19,526.90 19,526.90 0.00 19,526.90 0.00

Property CFP10315990518

05/16/2012 05/15/2013 20,827.00 2,032.50 18,794.50 912.96 19,914.04

Umbrella TBA 05/16/2012 05/15/2013 2,147.67 209.59 1,938.08 94.08 2,053.59

Boiler & Machinery FBP2325235

05/16/2012 05/15/2013 1,079.00 105.30 973.70 47.36 1,031.64

Crime 1055643272

05/16/2012 05/15/2013 205.64 20.07 185.57 8.96 196.68

Directors & Officers 105092690 05/16/2012 05/15/2013 1,106.20 107.95 998.25 48.48 1,057.72

Finance Charge/Taxes N/A 05/16/2012 05/15/2013 626.54 61.14 565.40 27.52 599.02

Package PHPK844586

05/16/2012 05/15/2013 3,245.17 3,245.17 0.00 142.24 3,102.93

DIC / Wrap PHPK844590

05/16/2012 05/15/2013 3,201.51 3,201.51 0.00 140.32 3,061.19

Total 62,583.22 39,127.72 23,455.50 31,566.41 31,016.81

Expense for the Month Remaining Prepaid CommentsDescription Policy # Days Per Day Adjustment Total Days MonthsDirectors & Officers Inv

05135162011

15 3.02 0.88 46.18 0 0.0 52030

Crime Inv05135162011

15 0.56 0.68 9.08 0 0.0 52030

Boiler & Machinery Inv05135162011

15 2.68 -0.88 39.32 0 0.0 52030

Umbrella Inv05135162011

15 5.87 -0.75 87.30 0 0.0 52030

General Liability Inv05135162011

15 8.49 1.50 128.85 0 0.0 52030

Wrap Around Inv05135162011

15 8.39 -1.50 124.35 0 0.0 52030

Property Inv05135162011

15 53.35 0.80 801.05 0 0.0 52030

Property CFP10315990518

16 57.06 0.00 912.96 349 11.4 52030

Umbrella TBA 16 5.88 0.00 94.08 349 11.4 52030

Boiler & Machinery FBP2325235

16 2.96 0.00 47.36 349 11.4 52030

Crime 1055643272

16 0.56 0.00 8.96 349 11.4 52030

Page 1 of 2

06/19/2012 10:19:57 AM Prepaid Insurance Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.Month ending May 31, 2012

Directors & Officers 105092690 16 3.03 0.00 48.48 349 11.4 52030

Finance Charge/Taxes N/A 16 1.72 0.00 27.52 349 11.4 52030

Package PHPK844586

16 8.89 0.00 142.24 349 11.4 52030

DIC / Wrap PHPK844590

16 8.77 0.00 140.32 349 11.4 52030

Total 171.23 0.73 2,658.05

Page 2 of 2

06/19/2012 12:43:56 PM Prepaid Expenses Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM

ASSOCIATION, INC.Month ending May 31, 2012

Description GL Account From To Total Amount Total Exp. Prepaid BalanceLong Term Entries

Elevator Contract- Otis Elevator 60035 01/01/2012 05/31/2012 2,776.66 555.34 0.00

Equip Contract-Life Safety- Fire Controls 60046-30 01/01/2012 08/31/2012 83.33 10.42 31.23

Annual Condo Fees- Florida DBPR 50048 01/01/2012 12/31/2012 144.00 12.00 84.00

Miami Dade County Buisness Permit 50050-00 01/01/2012 07/31/2012 145.40 20.77 41.55

Florida Fire Safety Annual Inspection 60046-30 01/01/2012 08/31/2012 180.12 22.52 67.52

Fire Alarm System - Florida Fire Safety 60046-30 02/01/2012 12/31/2012 348.08 31.64 221.52

Corporate Annual Rep - FDBR 50053 02/01/2012 12/31/2012 56.10 5.10 35.70

Access System - Security Innovative 60065 03/01/2012 05/31/2012 1,284.00 428.00 0.00

All American - Fire sprinkler & pump Insp. 50050-00 03/01/2012 02/28/2013 595.00 49.58 446.26

Elevator Contract- Otis Elevator 60035 06/01/2012 11/30/2012 3,470.10 0.00 3,470.10

Total 9,082.79 1,135.37 4,397.88

Page 1 of 1


ASSOCIATION, INC.SEC2 BANK UNITED SEC DEP

As of Date: 05/31/2012


$7,715.00

Deposits in Transits 0.00Outstanding Checks AP 0.00


$7,715.00


$7,715.00

_________________Adjusted Book Balance $7,715.00


CONDOMINIUM ASSOCIATION, INC.SEC2 BANK UNITED SEC DEP



Report Total $0.00


ASSOCIATION, INC.SEC2 BANK UNITED SEC DEP





ASSOCIATION, INC.RSV1 BANK UNITED MM RSV

As of Date: 05/31/2012


$17,405.62

Deposits in Transits 0.00Outstanding Checks AP 0.00


$17,405.62


$17,400.45

Adjustments Reserve Interest - RSV1 Bank United 5.17_________________

Adjusted Book Balance $17,405.62


CONDOMINIUM ASSOCIATION, INC.RSV1 BANK UNITED MM RSV



Report Total $0.00


ASSOCIATION, INC.RSV1 BANK UNITED MM RSV




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

Schedule of Utility Deposits

May 31, 2012

19010Description Account # Date Amount

Florida Power and Light 89495-36307 10/29/2008 724.00Florida Power and Light 89495-36307 10/09 3,150.00 Org pd by Developer

Total 3,874.00$

0T85 Villa Alhambra of Coral Gables Condominium Association, Inc.Schedule of Collection Fees DueMay 31, 2012

Description Date Amount Date Check# Amount

Collection Charges/Credits 9/30/10 100.00 Collection Charges/Credits 1/31/11 80.00 Collection Charges/Credits 2/11/11 02/14/11 20148 (100.00) Collection Charges/Credits 3/31/11 100.00 03/21/11 20171 (35.00) Collection Charges/Credits 4/30/11 95.00 04/18/11 20196 (15.00) Collection Charges/Credits 5/31/11 80.00 05/09/11 20212 (20.00) Collection Charges/Credits 6/30/11 10.00 06/20/11 20237 (5.00) Collection Charges/Credits 7/31/11 155.00 08/15/11 20279 (30.00) Collection Charges/Credits 8/31/11 (5.00) 11/21/11 Credit/20353 25.00 Collection Charges/Credits 9/30/11 25.00 11/15/11 20345 (415.00) Collection Charges/Credits 10/31/11 30.00 02/13/12 20408 (10.00) Collection Charges/Credits 11/30/11 25.00 03/12/12 20439 (200.00) Collection Charges/Credits 12/31/11 30.00 Collection Charges/Credits 1/31/12 45.00 Collection Charges/Credits 2/29/12 50.00 Collection Charges/Credits 3/31/12 (25.00) Collection Charges/Credits 4/9/12 25.00 Collection Charges/Credits 4/16/12 10.00 Collection Charges/Credits 5/16/12 10.00

Subtotal 840.00$ (805.00)$

Total Collection Fees Due 35.00$

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.

Accrued Expenses Schedule Report

0T85 VILLA ALHAMBRA OF CORAL GABLESCONDOMINIUM ASSOCIATION, INC.Month ending May 31, 2012

DescriptionInvoice Amount

From ToAccount Number

DaysCalculated

Amount

Accounting Fees-2011- Gerstle, 1,000.00 01/01/2011 12/31/2011 50005 1,000.00Rosen, & Goldberg

Accounting Fees 2012 1,040.00 01/01/2012 05/31/2012 50005 1,040.00

Pest Control- Power 250.00 05/01/2012 05/31/2012 61010 250.00Exterminators

Water & Sewer - MDWS 3,393.00 10/21/2011 01/23/2012 54070-00 129 4,656.35

Janitorial Service - TCG 1,055.35 05/05/2012 06/01/2012 60075 1,055.35

Lawn Maintenance - Lukes 750.00 03/01/2012 03/31/2012 60090 750.00Sawgrass

Electricity/Gas - FPL 1,144.35 04/20/2012 05/22/2012 54050-00 1,144.35

Trash Removal - Waste 474.25 5/1/2012 5/31/2012 61055 474.25Mangement

Total 10,370.30

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

UNIT # OWNER'S/RENTER'S NAME DATE AMOUNT DATE AMOUNT CK # BALANCE

112 Chico Industries 12/08/09 500.00 500.00 306 Christiana Meitzner 09/16/09 500.00 500.00 307 Norman Cerna Barquero 07/28/08 500.00 500.00 307 Norman Cerna Barquero 12/10/08 500.00 03/12/12 500.00 203 - 308 Celso Miragaya 11/18/09 500.00 500.00 310 Joao Fernando Kfouri 09/16/09 500.00 500.00 311 Maria Riquezes Curiel 10/05/09 500.00 500.00 311 Maria Riquezes Curiel 02/01/10 500.00 500.00 312 Mendatta, LLC 03/23/09 500.00 500.00 312 Mendatta, LLC 07/29/09 500.00 500.00 403 Victor Planchart 12/15/08 500.00 500.00 403 Victor Planchart 10/12/09 500.00 500.00 404 Jennifer Homes, Inc. 03/29/11 250.00 250.00 405 Luciano Visentin 04/02/09 500.00 12/12/11 500.00 202 - 406 Mendatta, LLC 03/23/09 500.00 500.00 406 Mendatta, LLC 08/24/09 500.00 500.00 407 Tito Cabrera Bello 05/13/09 500.00 500.00

$9,750.00 $2,500.00 7,250.00$

$7,250.00Total

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

Cash Balance 7,715.00$

Diff $0.00

REFUNDS D E P O S I T

Page: 1

06/19/2012 1:38:30 PM Prepaid Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 05/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

No Collection Status

0101 01 Randall Gluss 50 Alhambra Cir 101 06/04/2012 864.69 -0.30 -0.30

0103 01 Antonio Espinoza 50 Alhambra Cir 103 04/02/2012 851.33 -1,767.63 -1,767.63

0107 01 Marta Megassini 50 Alhambra Cir 107 05/30/2012 859.18 -859.18 -20.00 -879.18

0108 01 Joseph Monagle 50 Alhambra Cir 108 05/30/2012 851.33 -851.33 -0.24 -851.57

0110 01 Rober Gordon 50 Alhambra Cir 110 05/29/2012 851.33 -851.33 -851.33

0302 01 Michael E Dearing 50 Alhambra Cir 302 06/18/2012 412.66 -412.66 -412.66

0303 01 Ernesto Velazquez 50 Alhambra Cir 303 05/30/2012 358.25 -716.50 -383.25 -143.57 -1,243.32

0307 01 Norman Cerna 50 Alhambra Cir 307 06/07/2012 349.78 -263.91 -263.91

0310 01 Joao Fernando Kfouri 50 Alhambra Cir 310 06/01/2012 349.64 -50.02 -50.02

0409 01 Narciso Iturralde 50 Alhambra Cir 409 06/08/2012 358.25 -79.94 -79.94

0410 01 Chandan Sridhar 50 Alhambra Cir 410 05/15/2012 399.66 -399.66 -0.12 -399.78

Totals: 11 -4,434.81 -453.63 -143.57 -1,767.63 -6,799.64

CL Cleared Collections

0405 01 Luciano Visentin 50 Alhambra Cir 405 03/14/2012 02/29/2012 3,988.54 -80.00 -2,448.46 -2,528.46

Totals: 1 0.00 0.00 -80.00 -2,448.46 -2,528.46

RM Reminder Notice

0301 01 Juan Gonzalez 50 Alhambra Cir 301 04/18/2011 06/04/2012 479.78 -49.44 -49.44

0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 01/12/2012 4,197.36 -2,448.46 -2,448.46

0402 01 Nicole De Delva 50 Alhambra Cir 402 11/16/2011 06/11/2012 412.66 -20.00 -20.00

0404 01 Manuel Cao Quintero 50 Alhambra Cir 404 01/17/2012 01/17/2012 4,795.92 -2,797.74 -2,797.74

0407 01 Tito Cabrera Bello 50 Alhambra Cir 407 10/18/2011 06/04/2012 349.78 -288.82 -288.82

Totals: 5 -308.82 -49.44 0.00 -5,246.20 -5,604.46

NL No Letters

Page: 2

06/19/2012 1:38:30 PM Prepaid Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 05/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

0408 01 Fernando Perez 50 Alhambra Cir 408 07/06/2011 01/11/2012 267.48 -427.48 -427.48

Totals: 1 0.00 0.00 0.00 -427.48 -427.48

0000 Totals: -4,743.63 -503.07 -223.57 -9,889.77 -15,360.04

MM Maintenance Fees -4,743.63 -503.07 -143.57 -9,859.77 -15,250.04

LF Late Fees 0.00 0.00 -50.00 -25.00 -75.00

RN Reminder Collection Cost 0.00 0.00 -5.00 -5.00 -10.00

DN Demand Collection Cost 0.00 0.00 -25.00 0.00 -25.00

Grand Totals: -4,743.63 -503.07 -223.57 -9,889.77 -15,360.04

MM Maintenance Fees -4,743.63 -503.07 -143.57 -9,859.77 -15,250.04

LF Late Fees 0.00 0.00 -50.00 -25.00 -75.00

RN Reminder Collection Cost 0.00 0.00 -5.00 -5.00 -10.00

DN Demand Collection Cost 0.00 0.00 -25.00 0.00 -25.00

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

Service GL Code 70298Description GL Code Date Period Amount

Window Services Accrual 2011 61075 04/11-12/11 (4500.00)Water & Sewer Accrual 2011 54070-00 12/31/2011 (456.74)R&M-Trush Chute - Ecolo- Ck#20402 70119 02/06/12 06/01-06/30/11 60.00

.Total (4,896.74)$

villa alhambra financials may 2012

Documents

total assets

total current liabilities

total reserve liabilities

total liabilities equity

total current assets

total revenue

total administrative

total utilities