Pavilion Condo Financial statement 20180228

1. 04/02/2018 8:05:50 AM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
02/28/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Feb
Actual
Feb
Budget
Feb
Variance
YTD Actual YTD
Budget
Variance
**REVENUE
40000 Owner Assessments 232,378 232,378 0 464,757 464,756 1
40004 Special Assess Fees 147,735 116,700 31,035 295,471 233,400 62,071
40011 Late Fee Income 266 350 (84) 2,144 700 1,444
40020 Holiday Fund 0 0 0 670 0 670
40025 Returned Check Fees 60 50 10 120 100 20
40030 Screening Fees 0 750 (750) 0 1,500 (1,500)
40033 Parking Income 7,095 3,800 3,295 15,935 7,600 8,335
40045 Transfer Fees 400 0 400 550 0 550
40055 Vending Machine 109 200 (91) 109 400 (291)
40060 Gate/Key Cards 75 220 (145) 325 440 (115)
40065 Violation Fees 0 250 (250) 0 500 (500)
40066 Transmitter Income 0 0 0 25 0 25
40068 Key Fob Income 350 850 (500) 900 1,700 (800)
40080 Interest Income 98 0 98 213 0 213
40082 Spec Assess Interest 1,700 0 1,700 3,585 0 3,585
40085 Recovery of Bad Debt 12,262 0 12,262 21,065 0 21,065
40090 Miscellaneous Income 488 2,000 (1,512) 598 4,000 (3,402)
40115 01 Administrative Fee - Reminder Letter (40) 0 (40) 100 0 100
40115 02 Administrative Fee - Demand Letter 275 0 275 750 0 750
41000 Rental Income 150 2,500 (2,350) 150 5,000 (4,850)
41005 Storage Income 3,350 1,920 1,430 5,500 3,840 1,660
41010 House Charges 5,632 1,000 4,632 5,672 2,000 3,672
41038 Association Owned Units 0 8,000 (8,000) 0 16,000 (16,000)
**TOTAL REVENUE $412,384 $370,968 $41,416 $818,638 $741,936 $76,702
EXPENSES
**ADMINISTRATIVE
50005 Accounting Fees 708 0 (708) 1,416 0 (1,416)
50015 Bank Charges (45) 0 45 15 0 (15)
50045 00 Legal Fees 27,354 2,000 (25,354) 32,604 4,000 (28,604)
50045 04 Legal Fees - Collections 580 1,000 420 1,300 2,000 700
50048 Bureau of Condominium Due 0 280 280 0 560 560
50050 00 License,Taxes,Permit 293 250 (43) 626 500 (126)
50050 25 License,Taxes,Permit - Fees Payable to State 0 150 150 0 300 300
50065 Office Equipment 983 250 (733) 983 500 (483)
50075 Office Supplies 307 500 193 1,177 1,000 (177)
50078 Courier Service 0 20 20 0 40 40
50081 Printing And Postage 0 200 200 1,916 400 (1,516)
50100 Screening Fees 0 150 150 0 300 300
50101 Interest Expense 295 0 (295) 696 0 (696)
50105 Property Taxes 708 0 (708) 1,416 0 (1,416)
50130 Maintenance Fee Exp 10,015 0 (10,015) 20,030 0 (20,030)
**TOTAL ADMINISTRATIVE $41,198 $4,800 ($36,398) $62,179 $9,600 ($52,579)
**PROPERTY INSURANCE
52030 Multiperil Insurance 29,944 48,000 18,056 63,097 96,000 32,903
**TOTAL PROPERTY INSURANCE $29,944 $48,000 $18,056 $63,097 $96,000 $32,903
**UTILITIES
54050 00 Electricity 20,905 20,600 (305) 43,690 41,200 (2,490)
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2. 04/02/2018 8:05:50 AM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
02/28/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Feb
Actual
Feb
Budget
Feb
Variance
YTD Actual YTD
Budget
Variance
54070 00 Water & Sewer 26,951 26,500 (451) 53,683 53,000 (683)
54080 Gas/Fuel Oil 6,670 3,700 (2,970) 11,822 7,400 (4,422)
54100 00 Telephone 1,939 700 (1,239) 4,023 1,400 (2,623)
**TOTAL UTILITIES $56,465 $51,500 ($4,965) $113,218 $103,000 ($10,218)
**CONTRACTS
60005 Air Conditioning 1,500 1,500 0 3,000 3,000 0
60013 Cable Television 23,967 18,400 (5,567) 45,116 36,800 (8,316)
60035 Elevator Contract 1,810 1,500 (310) 3,620 3,000 (620)
60050 Fire Alarm System 394 950 556 788 1,900 1,112
60065 Access Control 200 200 0 400 400 0
60070 Emergency Generator 118 250 132 235 500 265
60072 Gymnasium Maintenance 95 200 105 190 400 210
60075 Janitorial Service 10,499 9,200 (1,299) 19,437 18,400 (1,037)
60090 Lawn Maintenance 1,200 275 (925) 2,400 550 (1,850)
61000 Management Services 7,263 7,070 (193) 14,526 14,140 (386)
61010 Pest Control 481 500 19 962 1,000 38
61020 Pool/Spa Contract 500 695 195 1,000 1,390 390
61045 00 Security Services 17,107 24,000 6,893 40,626 48,000 7,374
61055 Trash Removal 3,572 3,100 (472) 7,387 6,200 (1,187)
61060 Uniforms Contract (867) 200 1,067 (688) 400 1,088
61065 Valet Service 20,558 17,000 (3,558) 41,116 34,000 (7,116)
61070 Water Treatment 477 425 (52) 954 850 (104)
**TOTAL CONTRACTS $88,873 $85,465 ($3,408) $181,070 $170,930 ($10,140)
**SALARIES & BENEFITS
65000 01 Salaries - Manager 0 6,667 6,667 0 13,334 13,334
65000 02 Salaries - Maintenance 17,594 10,880 (6,714) 35,006 21,760 (13,246)
65000 11 Salaries - Admin 6,707 1,680 (5,027) 17,058 3,360 (13,698)
65000 12 Salaries - Asst Mgr 0 6,825 6,825 0 13,650 13,650
65040 Medical/Dental Insurance 1,461 2,425 964 2,469 4,850 2,381
65050 Workers Compensation 1,063 850 (213) 2,241 1,700 (541)
65060 Payroll Process Fees 329 270 (59) 549 540 (9)
65065 00 Payroll Taxes 1,800 3,806 2,006 3,568 7,612 4,044
**TOTAL SALARIES & BENEFITS $28,955 $33,403 $4,448 $60,890 $66,806 $5,916
**REPAIRS/MAINTENANCE
70020 R&M-Boiler 385 500 115 770 1,000 230
70025 R&M-Building 15,069 600 (14,469) 15,069 1,200 (13,869)
70040 R&M-Elevator 948 200 (748) 948 400 (548)
70045 R&M-Electrical 0 250 250 0 500 500
70060 R&M-General 1,108 1,000 (108) 1,902 2,000 98
70075 R&M-Maint Equipment 0 650 650 0 1,300 1,300
70077 Maintenance Repairs 0 500 500 0 1,000 1,000
70090 R&M-Plumbing 0 500 500 0 1,000 1,000
70095 R&M-Pool/Spa/Fountai 0 150 150 75 300 225
70110 R&M-Roof 0 50 50 0 100 100
70115 Mach/Equipment/Security 1,183 150 (1,033) 1,183 300 (883)
70190 R&M-Supplies 859 1,800 941 2,277 3,600 1,323
70289 00 Contingency 7,884 0 (7,884) 8,139 0 (8,139)
**TOTAL REPAIRS/MAINTENANCE $27,436 $6,350 ($21,086) $30,364 $12,700 ($17,664)
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3. 04/02/2018 8:05:50 AM Income Statement Budget vs Actual
0TFH THE PAVILION CONDOMINIUM ASSOC
MIAMI BEACH, INC.
02/28/2018
FIRSTSERVICE RESIDENTIAL
C/O FIRSTSERVICE RESIDENTIAL
Hollywood FL 33020
Account Description Feb
Actual
Feb
Budget
Feb
Variance
YTD Actual YTD
Budget
Variance
**SPECIAL PROJECTS
74005 02c Special Projects - Common Area HVAC 0 24,750 24,750 0 49,500 49,500
**TOTAL SPECIAL PROJECTS $0 $24,750 $24,750 $0 $49,500 $49,500
**SPECIAL ASSESSMENT
73000 Special Assess Transfer 147,735 116,700 (31,035) 295,471 233,400 (62,071)
73001 Spec Assess-Interest 1,700 0 (1,700) 3,585 0 (3,585)
**TOTAL SPECIAL ASSESSMENT $149,436 $116,700 ($32,736) $299,056 $233,400 ($65,656)
**PRIOR YEAR ACTIVITY
70298 00 Prior Year Expense 17,925 0 (17,925) 43,035 0 (43,035)
**TOTAL PRIOR YEAR ACTIVITY $17,925 $0 ($17,925) $43,035 $0 ($43,035)
**TOTAL EXPENSES $440,234 $370,968 ($69,266) $852,909 $741,936 ($110,973)
NET INCOME/(LOSS) ($27,850) $0 ($27,850) ($34,271) $0 ($34,271)
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