Prepared for
Driftwood Sands Condominium Association, Inc.
By
Financial Report Package
April 2020
Resource Property Management
CINCSystems, Inc. Copyright 2020. All rights reserved.
RESOURCE
PROPERTY MANAGEMENT
TO: Board of Directors, Driftwood Sands Condominium Association, Inc.
FROM: Kimberly Jensen, Account Executive
RE: April 2020 Financial Highlights
Beginning
Ending
Balance
Balance
· Operating Cash
113,908.58
$
113,328.29
$
Note: Includes BB&T money market, Bank OZK and Popular accounts.
· Reserve Funds
421,802.27
$
427,884.38
$
Prior Month
Ending
Current Month
Ending
· Delinquent Owner Fees
(1.65)
$
(1.65)
$
· Prepaid Owner Fees
16,325.24
$
13,786.24
$
Actual
Monthly
Expenses
Budget
Variance
· Maintenance and Repair
7,271.76
$
8,520.08
$
1,248.32
$
· Utilities
10,039.57
$
7,255.43
$
(2,784.14)
$
· Administrative
1,640.68
$
5,459.76
$
3,819.08
$
We have prepared your monthly financial statement and it is attached for your records. The financial
statements are prepared on a modified accrued basis. The following report highlights cash and expense
variances.
Note: Includes BOZK CD.
Note: The delinquent balance represents all the delinquent owner fees which may include late fees
and accrued attorney collection fees.
Note: Under budget.
Note: Bi-monthly water, sewer and trash billing.
Note: Under budget.
5901 Sun Boulevard, Suite 103
St. Petersburg, FL 33715
(727) 864-0004
7300 Park Street
Seminole, FL 33777
(727) 581-2662
28100 US Hwy 19 N, Suite 200
Clearwater, FL 33761
(727) 796-5900
1
Time:
9:46 am
5/11/2020
Page:
Driftwood Sands Condominium Association, Inc.
End Date: 04/30/2020
Date:
Balance Sheet - Operating
ASSETS
OPERATING CASH
Popular Bank Operating 9597
$46,795.88
00101
Petty Cash
300.00
00105
BOZK Operating 0926
6,366.57
00109
BB&T MMK 5281
60,165.84
00110
$113,628.29
TOTAL OPERATING CASH
RESERVE ACCOUNT
Popular Bank