Villa Alhambra Financials Aug. 2012

VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.

FINANCIAL STATEMENTS

For the period ending

August 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.

3. CPA audit entries recorded in current period.

FirstService Financial, Inc. Program Rates Effective September 1, 2012

Operating AccountsInterest Rate

Bank Service Charges

Money Market Account Balances BankUnitedCapital One*

Firstrust**First

SouthernHSBC

Mutual of Omaha

Seaside Bank

Stonegate Bank

Union Bank

US Bank

$0-‐99.9K 0.25% 0.25% 0.15% 0.50% 0.20% 0.25% 0.55% 0.50% 0.30% 0.05%$100K+ 0.50% 0.60% 0.25% 0.67% 0.20% 0.25% 0.55% 0.80% 0.30% 0.55%

Excess Deposit Insurance for deposits above the $250,000 FDIC limit N/A N/A N/A N/A N/A

Insured Cash Sweep Option

N/A N/A N/A

Available at No Charge

(Evidenced by Certificate)

Total Assets $11 Billion $201 Billion $2.5 Billion $960 Million $204 Billion

$5.5 Billion $750 Million $850 Million $89 Billion $330 Billion

** FirsTrust accounts are Savings Accounts -‐ any withdrawls must be done by cashiers checks made payable to the Association.

Average Rates from Wall Street Journal -‐ September 4, 2012

Raymond James-‐FFI Preferential CD Purchasing Program

Certificates of Deposit

None

All funds in a "noninterest bearing transaction account" are insured in full by the FDIC through 12/31/12. This is in addition to, and separate from the general FDIC coverage of $250,000

BankUnited

0.00%

US Bank

0.00%

1 Year CD

0.30%

0.50-‐0.60%

2 Year CD 5 Year CD

*Capital One will not open new accounts as of July 1, 2011. The rates listed are for accounts opened and funded prior to July 1, 2011.

FirstService Financial, Inc. (FFI) is an affiliate of your management company that was formed for the purpose of aggregating the buying power of communities managed by firms owned by FirstService Corporation (NASDAQ:FSRV). FFI programs are offered exclusively to clients of our affiliated firms. The programs are not mandatory, however many clients decide to take part because of the added value we can deliver based on the global purchasing power of FirstService Corporation. FFI may receive fees from banking partners for their assistance with the development, placement, servicing and maintenance of their products.

1.01%

1.75-‐1.9%

0.47%

1.05-‐1.15%

2.5 Year CD

0.45%

1.10-‐1.20%

09/18/2012 8:50:11 AM Standard_Balance_Sheet0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.08/31/2012

THE CONTINENTAL GROUP, INC.

2950 N 28 TERRACE

Hollywood FL 33020

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

ASSETS

**CURRENT ASSETS

10010 13 Cash-Operating - Bank United 65,680 78,172 (12,492)

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

10300 Accounts Receivable 1,327 1,167 160

10500 Prepaid Insurance 22,841 25,596 (2,755)

10505 Prepaid Expenses 2,470 3,202 (732)

10005 Petty Cash 250 250 0

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

**TOTAL CURRENT ASSETS $96,803 $112,622 ($15,818)

**RESTRICTED FUNDS

12010 13 Cash-Reserves - Bank United 24,380 20,897 3,484

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

**TOTAL RESTRICTED FUNDS $27,860 $24,377 $3,484

**OTHER ASSETS

19010 Utility Deposits 2,371 3,874 (1,503)

**TOTAL OTHER ASSETS $2,371 $3,874 ($1,503)

**TOTAL ASSETS $127,035 $140,872 ($13,838)

LIABILITIES

**CURRENT LIABILITIES

20000 Accounts Payable (11) 192 (203)

20005 Collection Fees due 25 20 5

20010 Accrued Expenses 6,408 9,815 (3,407)

20030 Insurance Payable 14,012 18,586 (4,574)

20080 Security Deposits 7,250 7,250 0

20100 Prepaid Assessments 15,630 18,097 (2,467)

**TOTAL CURRENT LIABILITIES $43,315 $53,960 ($10,645)

**RESERVE LIABILITIES

30000 01 Reserves A/C Equipment 3,727 3,261 466

30000 113d Reserves Bldg 1 Ext Painting 12,083 10,573 1,510

30000 113g Reserves Bldg 1 Roofing 9,072 7,938 1,134

30000 113q Reserves Bldg 1 Elevator 2,952 2,583 369

30080 Reserve-Interest 27 22 5

**TOTAL RESERVE LIABILITIES $27,861 $24,377 $3,484

**TOTAL LIABILITIES $71,175 $78,337 ($7,162)

EQUITY

**MEMBERS EQUITY

38015 Cap Contribution Int 0 310 (310)

38880 Fund Balance 67,481 76,789 (9,308)

Page 1 of 2

09/18/2012 8:50:11 AM Standard_Balance_Sheet0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

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

Current Year Net Income/(Loss) ($11,621) ($14,563) $2,942

**TOTAL MEMBERS EQUITY $55,859 $62,536 ($6,676)

**TOTAL LIABILITIES & EQUITY $127,035 $140,872 ($13,838)

Page 2 of 2

09/18/2012 3:39:46 PM Income Statement Budget vs Actual0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

Account Description AugActual

AugBudget

AugVariance

YTD Actual YTDBudget

Variance

REVENUE

40000 Owner Assessments 16,483 16,483 0 131,862 131,864 (2)

40002 00 Reserve Income 3,479 3,479 0 27,834 27,834 0

40011 Late Fee Income 75 0 75 442 0 442

40025 Returned Check Fees 0 0 0 60 0 60

40030 Screening Fees 0 0 0 175 0 175

40033 Parking Income 200 0 200 29,900 0 29,900

40060 Gate/Key Cards 0 0 0 655 0 655

40065 Violation Fees 0 0 0 1,000 0 1,000

40080 Interest Income 0 0 0 49 0 49

40081 Reserve Interest 5 0 5 27 0 27

40090 Miscellaneous Income 0 0 0 25 0 25

41011 Reimbursable Charges 0 0 0 1,040 0 1,040

**TOTAL REVENUE $20,242 $19,962 $279 $193,069 $159,698 $33,371

EXPENSES

**ADMINISTRATIVE

50005 Accounting Fees 1,208 208 (1,000) 4,764 1,664 (3,100)

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

50015 Bank Charges 0 8 8 30 64 34

50045 00 Legal Fees (4,916) 500 5,416 3,535 4,000 465

50048 Annual Condo Fees 12 12 0 96 96 0

50050 00 License,Taxes,Permit 108 50 (58) 551 400 (151)

50050 15 License,Taxes,Permit - Ele 0 21 21 266 168 (98)

50053 Corporate Annual Rep 5 5 0 41 40 (1)

50075 Office Supplies 57 100 43 202 800 598

50090 00 Professional Fees 0 208 208 0 1,664 1,664

50090 30 Professional Fees - Ins. A 0 83 83 0 664 664

50090 45 Professional Fees - Reserv 0 458 458 0 3,664 3,664

50100 Screening Fees 0 0 0 100 0 (100)

50110 Miscellaneous 157 56 (101) 308 448 140

**TOTAL ADMINISTRATIVE ($3,369) $1,709 $5,078 $9,893 $13,672 $3,779

**PROPERTY INSURANCE

52030 Multiperil Insurance 2,872 2,517 (355) 20,970 20,136 (834)

**TOTAL PROPERTY INSURANCE $2,872 $2,517 ($355) $20,970 $20,136 ($834)

**UTILITIES

54050 00 Electricity/Gas 1,074 1,167 93 7,842 9,336 1,494

54070 00 Water & Sewer 1,397 1,292 (105) 11,249 10,336 (913)

54100 00 Telephone 544 492 (52) 4,970 3,936 (1,034)

**TOTAL UTILITIES $3,014 $2,951 ($63) $24,062 $23,608 ($454)

**CONTRACTS

60023 Carpet Contract 0 125 125 0 1,000 1,000

60035 Elevator Contract 578 495 (83) 4,512 3,960 (552)

60046 30 Equipment Contract - Life 65 160 95 742 1,280 538

60065 Access System Maintenance 0 400 400 2,140 3,200 1,060

60066 Health Benefits 116 125 9 999 1,000 1

60074 Hvac System 0 250 250 1,500 2,000 500

Page 1 of 2

09/18/2012 3:39:46 PM Income Statement Budget vs Actual0T85 VILLA ALHAMBRA OF CORAL GABLES



2950 N 28 TERRACE

Hollywood FL 33020

Account Description AugActual

AugBudget

AugVariance

YTD Actual YTDBudget

Variance

60075 Janitorial Service 1,583 1,410 (173) 9,541 11,280 1,739

60090 Lawn Maintenance 490 750 260 5,350 6,000 650

61000 Management Services 1,404 1,574 170 11,254 12,592 1,338

61010 Pest Control 250 250 0 2,000 2,000 0

61055 Trash Removal 474 300 (174) 3,857 2,400 (1,457)

61075 Window Services 0 417 417 0 3,336 3,336

**TOTAL CONTRACTS $4,960 $6,256 $1,296 $41,895 $50,048 $8,153

**REPAIRS/MAINTENANCE

70005 R&M-Air Conditioning 178 83 (95) 1,105 664 (441)

70025 R&M-Building 0 83 83 660 664 5

70038 R&M-Driveway 0 100 100 0 800 800

70043 63 Repairs/Maintenance Painti 0 83 83 0 664 664

70045 R&M-Electrical 0 250 250 1,722 2,000 278

70048 32 R&M Equipment - Life Safet 2,228 42 (2,186) 3,366 336 (3,030)

70050 R&M-Entry System 840 100 (740) 12,874 800 (12,074)

70060 R&M-General 252 1,250 998 4,147 10,000 5,853

70119 R&M-Trash Chute 180 100 (80) 1,503 800 (703)

70125 R&M-Signage 0 25 25 473 200 (273)

70134 Landscaping 750 167 (583) 2,959 1,336 (1,623)

70216 R&M Janitorial Supplies 324 100 (224) 473 800 327

70289 00 Contingency 1,190 667 (523) 2,190 5,336 3,147

**TOTAL REPAIRS/MAINTENANCE $5,942 $3,050 ($2,892) $31,471 $24,400 ($7,071)

**SPECIAL PROJECTS

74005 00 Special Projects 0 0 0 53,039 0 (53,039)

**TOTAL SPECIAL PROJECTS $0 $0 $0 $53,039 $0 ($53,039)

**RESERVE TRANSFERS

80000 00 Reserve Transfers 3,479 3,479 0 27,834 27,834 0

80001 Reserve Interest 5 0 (5) 27 0 (27)

**TOTAL RESERVE TRANSFERS $3,484 $3,479 ($5) $27,861 $27,834 ($27)

**PRIOR YEAR ACTIVITY

70298 00 Prior Year Expense 397 0 (397) (4,500) 0 4,500

**TOTAL PRIOR YEAR ACTIVITY $397 $0 ($397) ($4,500) $0 $4,500

**TOTAL EXPENSES $17,300 $19,962 $2,662 $204,690 $159,698 ($44,992)

NET INCOME/(LOSS) $2,942 $0 $2,942 ($11,621) $0 ($11,621)

Page 2 of 2

09/17/2012 10:52:22 AM Bank Reconciliation

0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUMASSOCIATION, INC.

OPR2 BANK UNITED OPR

As of Date: 08/31/2012

Bank Balance As Of08/31/2012

$83,160.01

Deposits in Transits 0.00

Outstanding Checks AP -17,480.04

_________________


$65,679.97

Book Balance As Of08/31/2012

$65,679.97

_________________

Adjusted Book Balance $65,679.97

09/17/2012 10:52:22 AM Outstanding Check List

0T85 VILLA ALHAMBRA OF CORAL GABLESCONDOMINIUM ASSOCIATION, INC.

OPR2 BANK UNITED OPR

For Checks Dated Through: 08/31/2012

Check Date Vendor Type Amount

20439 03/12/2012 CONT00 CONTINENTAL GROUP INC. Printed $2,036.26

20523 07/02/2012 FANT01 FANTASY GATES, INC. Printed $4,597.35

20567 08/13/2012 HALP00 HALPERN RODRIGUEZ LLP Printed $175.00

20571 08/20/2012 CITY05 CITY OF CORAL GABLES Printed $36.00

20573 08/20/2012 DANI62 DANIA S. FERNANDEZ Printed $923.75

20577 08/20/2012 MINO16 MINORCA CONDOMINIUM Printed $150.00

20579 08/27/2012 CONT00 CONTINENTAL GROUP INC. Printed $17.55

20580 08/27/2012 CONT00 CONTINENTAL GROUP INC. Printed $527.67

20581 08/27/2012 FLOR02 FLORIDA POWER & LIGHT Printed $1,073.52

20582 08/27/2012 GERS00 GERSTLE, ROSEN & GOLDENBERG, P.A. Printed $3,100.00

20584 08/31/2012 FLAT00 FLATIRON CAPITAL Printed $2,345.55

20585 08/31/2012 FLORA9 FLORIDA FIRE SAFETY INC Printed $2,228.28

20586 08/31/2012 DISC09 DISCOUNT LIGHTING AND Printed $269.11

Report Total $17,480.04

Page: 1

09/17/2012 1:59:56 PM Summary Batch Report for Cash ReceiptsFor Batch No 1 To 999999999

For Batch Dates 08/01/2012 To 08/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1839757 08/02/2012 OPR2 BANK UNITED OPR 349.78


0T85 - VILLA ALHAMBRA OF CORAL GABLES 1842384 08/06/2012 OPR2 BANK UNITED OPR 2,524.05

















BANK UNITED OPR Total: 17,620.30

09/17/2012 1:22:43 PM AP Check History ReportVILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.For Checks Dated 08/01/2012 to 08/31/2012

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

020554 CONT00 CONTINENTAL GROUP INC. 08/06/2012 115.71 Corp Mailed

None

2911031 J114441 08/06/2012 60066 Health Benefits 115.71 JULY 2012 HEALTHINS


None

2911140 J114399 08/06/2012 50075 Office Supplies 44.60 JUNE 2012 REIMBOFFI

020556 CONT00 CONTINENTAL GROUP INC. 08/06/2012 1,404.00 Corp Mailed

None

2911067 1208-98510 08/06/2012 61000 Management Services 1,404.00 AUG 2012 MONTHLYSVC

020557 FLAT00 FLATIRON CAPITAL 08/06/2012 2,345.55 OnSite Released

None

2910964 3 OF 10 08/06/2012 20030 Insurance Payable 2,462.83 #5149180

None

2910964 3 OF 10 08/06/2012 20030 Insurance Payable (117.28) #5149180

020558 HIVA00 HI-VAC AIR CONDITIONING SVC 08/06/2012 178.00 OnSite Released

None

2910943 51034 08/06/2012 70005 R&M-Air Conditioning 178.00 REPAIRS

020559 MIAM00 MIAMI-DADE WATER & SEWER 08/06/2012 6,068.93 OnSite Released

None

2911008 4772244460 08/06/2012 54070 00 Water & Sewer 6,018.93 SVC 4/20/12-07/20/12

None

2911025 2351225935 08/06/2012 54070 00 Water & Sewer 50.00 SVC 07/27/12WATER D

020560 RODR-5 NORA RODRIGUEZ 08/06/2012 314.58 OnSite Released

None

2910931 072612 08/06/2012 70216 R&M Janitorial Supplies 55.00 PETTY CASH

None

2910931 072612 08/06/2012 50110 Miscellaneous 7.25 PETTY CASH

None

2910931 072612 08/06/2012 70060 R&M-General 252.33 PETTY CASH

020561 SUNN15 SUNNY GREENS 08/06/2012 750.00 OnSite Released

None

2910924 3100 08/06/2012 70134 Landscaping 750.00 PENTAS

020562 VILL002 VILLA ALHAMBRA 08/06/2012 3,479.00 Corp Mailed

None

2911063 080112 08/06/2012 12031 00 Cash in Transit Reserves 3,479.00 XFER TO RSV1

Page 1 of 4






ACHPrintStatus


020563 WAST04 WASTE MANAGEMENT 08/06/2012 474.25 OnSite Released

None

2911075 8616987-2194-6 08/06/2012 61055 Trash Removal 474.25 194-0093801-2194-8

020564 ATT01 AT&T 08/13/2012 443.96 ACH

None

2919925 30544807520010449/072512

08/13/2012 54100 00 Telephone 443.96 SVC 07/25/12-08/24/1

020565 ATT01 AT&T 08/13/2012 99.91 OnSite Released

None

2919929 30544466569100445/072612

08/13/2012 54100 00 Telephone 99.91 SVC 07/26/12-08/25/1

020566 ATT01 AT&T 08/13/2012 08/13/2012 VOID 99.91 None

None

2919935 30544466569100445

08/13/2012 54100 00 Telephone 99.91 SVC 07/26/12-08/25/1

020567 HALP00 HALPERN RODRIGUEZ LLP 08/13/2012 175.00 OnSite Released

None

2919955 4372 08/13/2012 50045 00 Legal Fees 175.00 FILE# 558

020568 POWE03 POWER EXTERMINATORS,INC 08/13/2012 250.00 OnSite Released

None

2919962 290835 08/13/2012 61010 Pest Control 250.00 JULY 2012 SVC

020569 SERV-00 SERVICEMASTERRESTORATION SERV

08/13/2012 475.00 OnSite Released

None

2919972 CLN896 08/13/2012 70289 00 Contingency 475.00 CLEANING SVC

020570 SUNN15 SUNNY GREENS 08/13/2012 620.00 OnSite Released

None

2919965 3137 08/13/2012 61010 Pest Control 620.00 AUG 2012 SVC

020571 CITY05 CITY OF CORAL GABLES 08/20/2012 36.00 OnSite Released

None

2927142 372294 08/20/2012 50050 00 License,Taxes,Permit 36.00 ALARMREGISTRATION


None

2927261 J115180 08/20/2012 60075 Janitorial Service 527.67 P/E 7/14/12-7/27/12

Page 2 of 4






ACHPrintStatus


020573 DANI62 DANIA S. FERNANDEZ 08/20/2012 923.75 OnSite Released

None

2927176 2001 08/20/2012 50045 00 Legal Fees 300.00 MATTER#11-1116

None

2927178 1985 08/20/2012 50045 00 Legal Fees 623.75 MATTER#11-1116

020574 DECK00 DECKTIGHT ROOFING 08/20/2012 580.00 OnSite Released

None

2927189 52818 08/20/2012 70289 00 Contingency 580.00 SERVICE

020575 ECOL00 ECOLO ODOR CONTROL 08/20/2012 120.00 OnSite Released

None

2927195 165226 08/20/2012 70119 R&M-Trash Chute 60.00 AUG SVC

None

2927205 164752 08/20/2012 70119 R&M-Trash Chute 60.00 JULY SVC

020576 FANT01 FANTASY GATES, INC. 08/20/2012 840.00 OnSite Released

None

2927240 9535 08/20/2012 70050 R&M-Entry System 840.00 SERVICE

020577 MINO16 MINORCA CONDOMINIUM 08/20/2012 150.00 OnSite Released

None

2927254 Meeting 10/16/12 08/20/2012 50110 Miscellaneous 150.00 RSV MEETINGROOM

020578 RODR242 NORA RODRIGUEZ 08/20/2012 134.50 OnSite Released

None

2927255 080812 08/20/2012 70289 00 Contingency 134.50 Reimb for purchase o


None

2927265 J114837 08/20/2012 20005 Collection Fees due 5.00 JULY REIMB COLLCOST

None

2933581 J115273 08/27/2012 50075 Office Supplies 12.55 AUG 2012 REIMBOFFIC


None

2933583 J115289 08/27/2012 60075 Janitorial Service 527.67 REIMB PAYROLL07/28-

020581 FLOR02 FLORIDA POWER & LIGHT 08/27/2012 1,073.52 OnSite Released

None

2933923 89495-36307 08/27/2012 54050 00 Electricity/Gas 1,073.52 SVC 07/23-08/22/12

Page 3 of 4






ACHPrintStatus


020582 GERS00 GERSTLE, ROSEN &GOLDENBERG, P.

08/27/2012 3,100.00 OnSite Released

None

2933516 062812 08/27/2012 50005 Accounting Fees 3,100.00 AUDIT &PREPARATION

020583 DISC38 DISCOUNT LIGHTING 08/31/2012 08/31/2012 VOID 269.11 None

None

2939857 7374 08/31/2012 70216 R&M Janitorial Supplies 269.11 SUPPLIES

020584 FLAT00 FLATIRON CAPITAL 08/31/2012 2,345.55 None

None

2939873 4 OF 10 08/31/2012 20030 Insurance Payable 2,345.55 #5149180*4 OF 10PYM

020585 FLORA9 FLORIDA FIRE SAFETY INC 08/31/2012 2,228.28 None

None

2939851 34000 08/31/2012 70048 32 R&M Equipment - Life Safety 2,228.28 SERVICE CALL

020586 DISC09 DISCOUNT LIGHTING AND 08/31/2012 269.11 None

None

2940492 7374 08/31/2012 70216 R&M Janitorial Supplies 269.11 white trash liner,sm

Bank Totals 30,112.09

Total Number of Checks 31

Page 4 of 4

Page: 1

09/17/2012 1:51:09 PM AP Voucher Detail Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC. For 08/01/2012 08/31/2012

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

Account: 12031-00 Cash in Transit Reserves

0T85 2911063 VILL002 VILLA ALHAMBRA 080112 3,479.00 XFER TO RSV1 OPR2 020562 08/06/2012 3,479.00

Account: 12031-00 Cash in Transit Reserves 3,479.00

Account: 20005 Collection Fees due

0T85 2927265 CONT00 CONTINENTAL GROU J114837 05.00 JULY REIMB COLL COST OPR2 020579 08/27/2012 05.00

Account: 20005 Collection Fees due 05.00

Account: 20030 Insurance Payable

0T85 2910964 FLAT00 FLATIRON CAPITAL 3 OF 10 2,462.83 #5149180 OPR2 020557 08/06/2012 2,462.83

0T85 2910964 FLAT00 FLATIRON CAPITAL 3 OF 10 -117.28 #5149180 OPR2 020557 08/06/2012 -117.28

0T85 2939873 FLAT00 FLATIRON CAPITAL 4 OF 10 2,345.55 #5149180*4 OF 10 PYMT OPR2 020584 08/31/2012 2,345.55

Account: 20030 Insurance Payable 4,691.10

Account: 50005 Accounting Fees

0T85 2933516 GERS00 GERSTLE, ROSEN & 062812 3,100.00 AUDIT & PREPARATIONYR E

OPR2 020582 08/27/2012 3,100.00

Account: 50005 Accounting Fees 3,100.00

Account: 50045-00 Legal Fees

0T85 2919955 HALP00 HALPERN RODRIGUE 4372 175.00 FILE# 558 OPR2 020567 08/13/2012 175.00

0T85 2927176 DANI62 DANIA S. FERNAND 2001 300.00 MATTER#11-1116 OPR2 020573 08/20/2012 300.00

0T85 2927178 DANI62 DANIA S. FERNAND 1985 623.75 MATTER#11-1116 OPR2 020573 08/20/2012 623.75

Account: 50045-00 Legal Fees 1,098.75

Account: 50050-00 License,Taxes,Permit

0T85 2927142 CITY05 CITY OF CORAL GA 372294 36.00 ALARM REGISTRATION OPR2 020571 08/20/2012 36.00

Account: 50050-00 License,Taxes,Permit 36.00

Account: 50075 Office Supplies

0T85 2911140 CONT00 CONTINENTAL GROU J114399 44.60 JUNE 2012 REIMB OFFICES

OPR2 020555 08/06/2012 44.60

0T85 2933581 CONT00 CONTINENTAL GROU J115273 12.55 AUG 2012 REIMB OFFICESU

OPR2 020579 08/27/2012 12.55

Account: 50075 Office Supplies 57.15

Account: 50110 Miscellaneous

0T85 2910931 RODR-5 NORA RODRIGUEZ 072612 07.25 PETTY CASH OPR2 020560 08/06/2012 07.25

0T85 2927254 MINO16 MINORCA CONDOMIN Meeting 10/16/12 150.00 RSV MEETING ROOM OPR2 020577 08/20/2012 150.00

Account: 50110 Miscellaneous 157.25

Account: 54050-00 Electricity/Gas

0T85 2933923 FLOR02 FLORIDA POWER & 89495-36307 1,073.52 SVC 07/23-08/22/12 OPR2 020581 08/27/2012 1,073.52

Account: 54050-00 Electricity/Gas 1,073.52

Account: 54070-00 Water & Sewer

0T85 2911008 MIAM00 MIAMI-DADE WATER 4772244460 6,018.93 SVC 4/20/12-07/20/12 OPR2 020559 08/06/2012 6,018.93

0T85 2911025 MIAM00 MIAMI-DADE WATER 2351225935 50.00 SVC 07/27/12 WATERDEP.

OPR2 020559 08/06/2012 50.00

0T85 2920353 MIAM00 MIAMI-DADE WATER 9623684491 -201.83 SVC 01/23/12-04/20/12 OPR2



0T85 2933526 MIAM00 MIAMI-DADE WATER 8615285415 47.02 SVC 01/23/12-04/20/12 OPR2

Account: 54070-00 Water & Sewer 5,866.29

Page: 2




Account: 54100-00 Telephone

0T85 2919925 ATT01 AT&T 30544807520010449/072512

443.96 SVC 07/25/12-08/24/12 OPR2 020564 08/13/2012 443.96

0T85 2919929 ATT01 AT&T 30544466569100445/072612

99.91 SVC 07/26/12-08/25/12 OPR2 020565 08/13/2012 99.91

Account: 54100-00 Telephone 543.87

Account: 60066 Health Benefits

0T85 2911031 CONT00 CONTINENTAL GROU J114441 115.71 JULY 2012 HEALTH INS. OPR2 020554 08/06/2012 115.71

Account: 60066 Health Benefits 115.71

Account: 60075 Janitorial Service

0T85 2927261 CONT00 CONTINENTAL GROU J115180 527.67 P/E 7/14/12-7/27/12 OPR2 020572 08/20/2012 527.67

0T85 2933583 CONT00 CONTINENTAL GROU J115289 527.67 REIMB PAYROLL 07/28-08/1

OPR2 020580 08/27/2012 527.67

Account: 60075 Janitorial Service 1,055.34

Account: 61000 Management Services

0T85 2911067 CONT00 CONTINENTAL GROU 1208-98510 1,404.00 AUG 2012 MONTHLY SVC OPR2 020556 08/06/2012 1,404.00

Account: 61000 Management Services 1,404.00

Account: 61010 Pest Control

0T85 2919962 POWE03 POWEREXTERMINAT

290835 250.00 JULY 2012 SVC OPR2 020568 08/13/2012 250.00

0T85 2919965 SUNN15 SUNNY GREENS 3137 620.00 AUG 2012 SVC OPR2 020570 08/13/2012 620.00

Account: 61010 Pest Control 870.00

Account: 61055 Trash Removal

0T85 2911075 WAST04 WASTEMANAGEMENT

8616987-2194-6 474.25 194-0093801-2194-8 OPR2 020563 08/06/2012 474.25

Account: 61055 Trash Removal 474.25

Account: 70005 R&M-Air Conditioning

0T85 2910943 HIVA00 HI-VAC AIR CONDI 51034 178.00 REPAIRS OPR2 020558 08/06/2012 178.00

Account: 70005 R&M-Air Conditioning 178.00

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

0T85 2939851 FLORA9 FLORIDA FIRE SAF 34000 2,228.28 SERVICE CALL OPR2 020585 08/31/2012 2,228.28

Account: 70048-32 R&M Equipment - Life Safety 2,228.28

Account: 70050 R&M-Entry System

0T85 2927240 FANT01 FANTASY GATES, I 9535 840.00 SERVICE OPR2 020576 08/20/2012 840.00

Account: 70050 R&M-Entry System 840.00

Account: 70060 R&M-General


Account: 70060 R&M-General 252.33

Account: 70119 R&M-Trash Chute

0T85 2927195 ECOL00 ECOLO ODOR CONTR 165226 60.00 AUG SVC OPR2 020575 08/20/2012 60.00

0T85 2927205 ECOL00 ECOLO ODOR CONTR 164752 60.00 JULY SVC OPR2 020575 08/20/2012 60.00

Account: 70119 R&M-Trash Chute 120.00

Account: 70134 Landscaping

Page: 3




0T85 2910924 SUNN15 SUNNY GREENS 3100 750.00 PENTAS OPR2 020561 08/06/2012 750.00

Account: 70134 Landscaping 750.00

Account: 70216 R&M Janitorial Supplies


0T85 2940492 DISC09 DISCOUNT LIGHTIN 7374 269.11 white trash liner,small OPR2 020586 08/31/2012 269.11

Account: 70216 R&M Janitorial Supplies 324.11

Account: 70289-00 Contingency

0T85 2919972 SERV-00 SERVICEMASTER R CLN896 475.00 CLEANING SVC OPR2 020569 08/13/2012 475.00

0T85 2927189 DECK00 DECKTIGHT ROOFIN 52818 580.00 SERVICE OPR2 020574 08/20/2012 580.00

0T85 2927255 RODR242 NORA RODRIGUEZ 080812 134.50 Reimb for purchase of-ce OPR2 020578 08/20/2012 134.50

Account: 70289-00 Contingency 1,189.50

Totals: 29,909.45 30,112.09

Page: 1

09/17/2012 2:02:17 PM Delinquent Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 08/31/2012

Building: 0000 - VILLA ALHAMBRA CONDO ASSOC

C/O THE CONTINENTAL GROUP INC

50 ALHAMBRA CIR

CORAL GABLES, FL 33134

Unit Resident Unit 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

0406 01 Jose Luis Ruiz 50 Alhambra Cir 406 10/07/2011 06/29/2012 1,100.00 100.00 100.00

Totals: 2 0.00 100.00 0.00 30.00 130.00

RM Reminder Notice

0104 01 Alexandra V Mandado 50 Alhambra Cir 104 09/17/2012 09/10/2012 848.00 30.00 122.40 5.00 10.00 167.40

0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 06/29/2012 300.00 1,000.00 1,000.00

0312 01 Jose Luis Ruiz 50 Alhambra Cir 312 09/17/2012 08/21/2012 412.66 5.00 25.00 30.00

Totals: 3 35.00 1,147.40 5.00 10.00 1,197.40

0000 Totals: 35.00 1,247.40 5.00 40.00 1,327.40

BC Return Check Fees 0.00 0.00 0.00 30.00 30.00

PM Parking Fees 0.00 1,100.00 0.00 0.00 1,100.00

RN Reminder Collection Cost 10.00 5.00 5.00 10.00 30.00

MM Maintenance Fees 0.00 142.40 0.00 0.00 142.40

LF Late Fees 25.00 0.00 0.00 0.00 25.00

Grand Totals: 35.00 1,247.40 5.00 40.00 1,327.40

BC Return Check Fees 0.00 0.00 0.00 30.00 30.00

PM Parking Fees 0.00 1,100.00 0.00 0.00 1,100.00

RN Reminder Collection Cost 10.00 5.00 5.00 10.00 30.00

MM Maintenance Fees 0.00 142.40 0.00 0.00 142.40

LF Late Fees 25.00 0.00 0.00 0.00 25.00

09/17/2012 2:52:45 PM Prepaid Insurance Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.Month ending August 31, 2012

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

TotalExpensed

PrepaidBalance

Property CFP10315990518

05/16/2012 05/15/2013 20,827.00 9,585.75 11,241.25 6,162.48 14,664.52

Umbrella TBA 05/16/2012 05/15/2013 2,147.67 999.54 1,148.13 635.04 1,512.63

Boiler & Machinery FBP2325235

05/16/2012 05/15/2013 1,079.00 502.17 576.83 319.68 759.32

Crime 1055643272

05/16/2012 05/15/2013 205.64 85.71 119.93 60.48 145.16

Directors & Officers 105092690 05/16/2012 05/15/2013 1,106.20 514.83 591.37 327.24 778.96

Finance Charge/Taxes N/A 05/16/2012 05/15/2013 626.54 291.60 334.94 185.76 440.78

Package PHPK844586

05/16/2012 05/15/2013 3,245.17 3,245.17 0.00 960.12 2,285.05

DIC / Wrap PHPK844590

05/16/2012 05/15/2013 3,201.51 3,201.51 0.00 947.16 2,254.35

Total 32,438.73 18,426.28 14,012.45 9,597.96 22,840.77

Expense for the Month Remaining Prepaid CommentsDescription Policy # Days Per Day Adjustment Total Days MonthsProperty CFP10315

99051831 57.06 0.00 1,768.86 257 8.4 52030

Umbrella TBA 31 5.88 0.00 182.28 257 8.4 52030

Boiler & Machinery FBP2325235

31 2.96 0.00 91.76 257 8.4 52030

Crime 1055643272

31 0.56 0.00 17.36 257 8.4 52030

Directors & Officers 105092690 31 3.03 0.00 93.93 257 8.4 52030

Finance Charge/Taxes N/A 31 1.72 0.00 53.32 257 8.4 52030

Package PHPK844586

31 8.89 0.00 275.59 257 8.4 52030

DIC / Wrap PHPK844590

31 8.77 0.00 271.87 257 8.4 52030

Total 88.87 0.00 2,754.97

Page 1 of 1

09/17/2012 2:56:32 PM Prepaid Expenses Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM

ASSOCIATION, INC.Month ending August 31, 2012

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

Equip Contract-Life Safety- Fire Controls 60046-30 01/01/2012 08/31/2012 83.33 10.39 0.00

Annual Condo Fees- Florida DBPR 50048 01/01/2012 12/31/2012 144.00 12.00 48.00

Florida Fire Safety Annual Inspection 60046-30 01/01/2012 08/31/2012 180.12 22.48 0.00

Fire Alarm System - Florida Fire Safety 60046-30 02/01/2012 12/31/2012 348.08 31.64 126.60

Corporate Annual Rep - FDBR 50053 02/01/2012 12/31/2012 56.10 5.10 20.40

All American - Fire sprinkler & pump Insp. 50050-00 03/01/2012 02/28/2013 595.00 49.58 297.52

Elevator Contract- Otis Elevator 60035 06/01/2012 11/30/2012 3,470.10 578.35 1,735.05

Miami Dade County Permit 50050-00 08/01/2012 07/31/2013 150.00 12.50 137.50

City of Coral Gables- fire inspecion permit 50050-00 08/01/2012 07/31/2013 114.58 9.55 105.03

Total 5,141.31 731.59 2,470.10

Page 1 of 1



SEC2 BANK UNITED SEC DEP

As of Date: 08/31/2012


$7,715.00


Outstanding Checks AP 0.00

_________________


$7,715.00


$7,715.00

_________________




RSV1 BANK UNITED MM RSV

As of Date: 08/31/2012


$24,380.37


Outstanding Checks AP 0.00

_________________


$24,380.37


$24,375.68

Adjustments interest 4.69

_________________


Page: 1

09/17/2012 2:00:17 PM Summary Batch Report for Cash ReceiptsFor Batch No 1 To 999999999

For Batch Dates 08/01/2012 To 08/31/2012

Entity Batch No GL Date Bank Batch Total

0T85 - VILLA ALHAMBRA OF CORAL GABLES 1857055 08/21/2012 RSV1 BANK UNITED MM RSV 3,479.00

BANK UNITED MM RSV Total: 3,479.00

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

Schedule of Utility Deposits

August 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

CPA 2011 Audit Adj 8/31/2012 (1,503.00)

Total 2,371.00$

09/17/2012 1:49:28 PM Open Invoice ReportAs Of 08/31/2012

Vch # Typ Invoice GL Date Account Hold Invoice Amt Amount Paid Balance Aged Inv DaysInv Date Due Date Description Bank Code

For Entity: VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

2867488 Regular J113544 06/25/2012 CONTINENTAL GROUP INC. Yes 192.00 00.00 192.00 67

06/13/2012 06/25/2012 MEDICAL JUNE 2012 OPR2 BANK UNITED OPR

0T85 60066 Health Benefits 192.00 00.00 192.00

2920353 Utility 9623684491 08/13/2012 MIAMI-DADE WATER & SEWER Yes -201.83 00.00 -201.83 18

07/27/2012 08/13/2012 SVC 01/23/12-04/20/12 OPR2 BANK UNITED OPR

0T85 54070-00 Water & Sewer -201.83 00.00 -201.83

2933521 Utility 8023815730 08/27/2012 MIAMI-DADE WATER & SEWER Yes -00.81 00.00 -00.81 4

08/06/2012 08/27/2012 SVC 01/23/12-04/20/12 OPR2 BANK UNITED OPR

0T85 54070-00 Water & Sewer -00.81 00.00 -00.81

Vendor Totals Invoices: -10.64 00.00 -10.64

Credits: -202.64

Checks:

Page 1 of 1


Schedule of Collection Fees Due

August 31, 2012

Description Date Amount Date Check# Amount

Collection Charges/Credits 9/30/10 100.00


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 8/31/11 (5.00) 11/21/11 Credit/20353 25.00







Collection Charges/Credits 3/31/12 (25.00)







Subtotal 870.00$ (845.00)$

Total Collection Fees Due 25.00$

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.

09/18/2012 8:33:21 AM Accrued Expenses Schedule Report0T85 VILLA ALHAMBRA OF CORAL GABLES

CONDOMINIUM ASSOCIATION, INC.Month ending August 31, 2012

Description Invoice Amount From To Account Number Days Calculated AmountAccounting Fees 2012 1,664.00 01/01/2012 08/31/2012 50005 1,664.00

Pest Control- PowerExterminators

250.00 08/01/2012 08/31/2012 61010 250.00

Water & Sewer - MDWS 2,006.00 08/01/2012 08/31/2012 54070-00 2,006.00

Lawn Maintenance - LukesSawgrass

750.00 03/01/2012 03/31/2012 60090 750.00

Trash Removal WasteMangement

474.25 08/01/2012 08/31/2012 61055 474.25

Sunny Green-lawn service 620.00 07/01/2012 07/31/2012 60090 620.00

Heath Insurance 115.71 08/01/2012 08/31/2012 60066 115.71

Continental-janitorial services 527.67 08/01/2012 08/31/2012 60075 527.67

Total 6,407.63

Page 1 of 1


Schedule of Security Deposits

August 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 $2,500.00 7,250.00$

$7,250.00

Total

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

09/17/2012 2:03:02 PM Prepaid Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 08/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

No Collection Status

0101 01 Randall Gluss 50 Alhambra Cir 101 09/04/2012 864.69 -0.48 -0.48

0103 01 Antonio Espinoza 50 Alhambra Cir 103 08/22/2012 851.33 -1,702.66 -0.64 -1,703.30

0107 01 Marta Megassini 50 Alhambra Cir 107 08/29/2012 859.18 -859.18 -20.00 -879.18

0108 01 Joseph Monagle 50 Alhambra Cir 108 08/14/2012 851.33 -851.33 -0.24 -851.57

0110 01 Rober Gordon 50 Alhambra Cir 110 08/29/2012 851.33 -851.33 -851.33

0302 01 Michael E Dearing 50 Alhambra Cir 302 08/17/2012 412.66 -412.66 -412.66

0303 01 Ernesto Velazquez 50 Alhambra Cir 303 08/30/2012 358.25 -358.25 -358.25 -358.25 -168.57 -1,243.32

0307 01 Norman Cerna 50 Alhambra Cir 307 09/07/2012 349.78 -263.91 -263.91

0310 01 Joao Fernando Kfouri 50 Alhambra Cir 310 08/30/2012 399.66 -399.66 -399.66

0409 01 Narciso Iturralde 50 Alhambra Cir 409 09/11/2012 358.25 -79.94 -79.94

0410 01 Neha Sridhar 50 Alhambra Cir 410 08/15/2012 399.66 -399.66 -0.12 -399.78

Totals: 11 -6,179.06 -379.25 -358.25 -168.57 -7,085.13

CL Cleared Collections

0405 01 Luciano Visentin 50 Alhambra Cir 405 03/14/2012 02/29/2012 3,988.54 -1,479.12 -1,479.12

0406 01 Jose Luis Ruiz 50 Alhambra Cir 406 10/07/2011 06/29/2012 1,100.00 -1,220.04 -1,220.04

Totals: 2 0.00 0.00 -1,220.04 -1,479.12 -2,699.16

RM Reminder Notice

0301 01 Juan Gonzalez 50 Alhambra Cir 301 04/18/2011 07/02/2012 479.78 -529.22 -529.22

0305 01 Francisco M Perez 50 Alhambra Cir 305 01/13/2011 06/29/2012 300.00 -300.00 -1,399.12 -1,699.12

0311 01 Maria Riquezes 50 Alhambra Cir 311 07/16/2012 09/04/2012 479.79 -0.01 -0.01

0402 01 Nicole De Delva 50 Alhambra Cir 402 11/16/2011 09/12/2012 392.66 -20.00 -20.00

0404 01 Manuel Cao Quintero 50 Alhambra Cir 404 01/17/2012 01/17/2012 4,795.92 -1,598.76 -1,598.76

0407 01 Tito Cabrera Bello 50 Alhambra Cir 407 10/18/2011 09/04/2012 349.78 -288.82 -288.82

Totals: 6 -308.83 0.00 -829.22 -2,997.88 -4,135.93

Page: 2

09/17/2012 2:03:02 PM Prepaid Report0T85 VILLA ALHAMBRA OF CORAL GABLES CONDOMINIUM ASSOCIATION, INC.

As of 08/31/2012



50 ALHAMBRA CIR



Last PayAmount

Current Over 30Days

Over 60Days

Over 90Days

Balance

NL No Letters

0408 01 Fernando Perez 50 Alhambra Cir 408 07/06/2011 07/10/2012 427.48 -1,709.92 -1,709.92

Totals: 1 0.00 -1,709.92 0.00 0.00 -1,709.92

0000 Totals: -6,487.89 -2,089.17 -2,407.51 -4,645.57 -15,630.14

MM Maintenance Fees -6,487.89 -2,089.17 -2,407.51 -4,535.57 -15,520.14

LF Late Fees 0.00 0.00 0.00 -75.00 -75.00

RN Reminder Collection Cost 0.00 0.00 0.00 -10.00 -10.00

DN Demand Collection Cost 0.00 0.00 0.00 -25.00 -25.00

Grand Totals: -6,487.89 -2,089.17 -2,407.51 -4,645.57 -15,630.14

MM Maintenance Fees -6,487.89 -2,089.17 -2,407.51 -4,535.57 -15,520.14

LF Late Fees 0.00 0.00 0.00 -75.00 -75.00

RN Reminder Collection Cost 0.00 0.00 0.00 -10.00 -10.00

DN Demand Collection Cost 0.00 0.00 0.00 -25.00 -25.00


Income Statement - Schedule of Prior Year Expense

August 31, 2012

Service GL Code 70298

Description GL Code Date Period Amount

Window Services Accrual 2011 61075 04/11-12/11 (4500.00)

.

Total (4,500.00)$

Villa Alhambra Financials Aug. 2012

Documents

total assets

total current liabilities

total current assets

firstrust accounts

transaction accounts

total liabilities equity

total reserve liabilities

accounts receivable