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<p>CONTENTS…… ● FINANCIAL HIGHLIGHTS ● ● BALANCE SHEET ● BANK RECONCILIATIONS ● OPERATING STATEMENT ● BANK STATEMENTS ● CHECK REGISTER ● GENERAL LEDGER Seminole, FL 33777 Telephone (727) 581-2662 Fax (727) 584-2118 Website: www.resourcepropertymgmt.com FOR THE MONTH OF MAY 2016 DELINQUENCY/ PREPAID REPORT RESOURCE PROPERTY MANAGEMENT Driftwood Sands Condo Association, Inc. 2618 Gulf Boulevard Indian Rocks Bch, FL 33785 FINANCIAL STATEMENT 7300 Park Street RESOURCE PROPERTY MANAGEMENT TO: Board of Directors, Driftwood Sands Condominium Association, Inc. FR: Biljana Letic, Accounting Executive RE: May 2016 Financial Highlights Beginning Ending Balance Balance · Operating Cash 94,527.82 $ 95,851.05 $ Note: Includes BB&T money market. · Reserve Funds 369,371.72 $ 376,855.40 $ Prior Month Ending Current Month Ending · Delinquent Owner Fees (43.45) $ (61.90) $ · Prepaid Owner Fees 7,713.81 $ 7,702.81 $ Actual Monthly Expenses Budget Variance · Maintenance and Repair 9,401.07 $ 8,333.00 $ (1,068.07) $ · Utilities 3,263.60 $ 6,057.00 $ 2,793.40 $ · Administrative 1,739.69 $ 2,662.00 $ 922.31 $ Note: Over budget due to maintenance payroll and elevator maintenance. Note: Bi-monthly water, sewer and trash billing. Note: Under budget. 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 C1 Bank CD's and Popular Bank money market. Note: The delinquent balance represents all the delinquent owner fees which may include late fees and accrued attorney collection fees. 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 205 Clearwater, FL 33761 (727) 796-5900 DRIFTWOOD SANDS CONDOMINIUM BALANCE SHEET May 31, 2016 Page 1 06/13/2016 ASSETS OPERATING CASH 105-Petty Cash 300.00 109-C1 Bank Operating 35,235.40 110-BB&T-Money Market 60,615.65 Total Operating Cash 96,151.05 RESERVE ACCOUNT 209-C1 Bank Reserve 107,298.71 215-Popular Bank MM 153,209.58 220-C1 CD;07830;0.65%;01/09/17 35,307.84 235-C1 CD:07862;0.65%;01/09/17 81,039.27 Total Reserve Account 376,855.40 OTHER ASSETS 310-Accounts Receivable 61.90 330-Deposit 100.00 335-PPD-Management Fee 630.00 Total Other Assets 791.90 TOTAL ASSETS 473,798.35 DRIFTWOOD SANDS CONDOMINIUM BALANCE SHEET May 31, 2016 Page 2 06/13/2016 LIABILITIES RESERVE FUND & FUND BALANCES 510-Painting 81,101.92 520-Roofing 55,864.88 530-Paving 12,086.94 551-Balcony/Landings 280.46 552-Gazebo/Deck 8,891.91 560-Seawall 9,167.08 564-Elevator 48,383.40 565-Generator 5,414.19 570-Pool/Pool Heater 22,741.55 575-Hazard Insurance 20,098.01 576-Flood Insurance 3,125.00 587-Entry Doors 6,355.42 590-Deferred Maintenance 75,563.15 595-Unallocated Interest 27,781.49 Total Reserve Fund 376,855.40 OTHER LIABILITIES 620-Prepaid Fees 7,702.81 Total Other Liabilities 7,702.81 FUND BALANCES 900-Prior Years Fund Balance 77,698.37 910-Current Year Fund Balance 11,541.77 Total Fund Balances 89,240.14 TOTAL RES. FUND & FUND BAL. 473,798.35 Actual Budget Actual Budget Variance Variance YEAR TO DATE BUDGET COMPARATIVE REPORT DRIFTWOOD SANDS CONDOMINIUM 06/13/2016 Page 1 For The Five Month Period Ended May 31,2016 ONE MONTH 16 Budget INCOME 24,721.00 24,710.00 123,605.00 123,550.00 296,524.00 1010-Maintenance Fees 11.00 55.00 0.00 0.00 50.00 0.00 0.00 1040-Miscellaneous 0.00 50.00 0.00 25.00 100.00 125.00 300.00 1045-Kayack Storage (25.00) (25.00) 225.00 267.00 1,425.00 1,335.00 3,200.00 1050-Application fee (42.00) 90.00 9.21 0.00 46.95 0.00 0.00 1800-Operating Interest 9.21 46.95 TOTAL OPERATING INCOME $ 300,024.00 $ 125,010.00 $ 125,226.95 $ 25,002.00 $ 24,955.21 $(46.79) $ 216.95 OTHER INCOME 1,250.00 1,250.00 6,250.00 6,250.00 15,000.00 1910-Prior Year Surplus 0.00 0.00 179.32 0.00 1,041.04 0.00 0.00 1995-Reserve Interest 179.32 1,041.04 TOTAL OTHER INCOME $ 15,000.00 $ 6,250.00 $ 7,291.04 $ 1,250.00 $ 1,429.32 $ 179.32 $ 1,041.04 TOTAL INCOME $ 315,024.00 $ 131,260.00 $ 132,517.99 $ 26,252.00 $ 26,384.53 $ 132.53 $ 1,257.99 EXPENSES & RESERVE FUNDING MAINTENANCE & REPAIR 184.80 250.00 847.12 1,250.00 3,000.00 2020-Pool/Pool Heater 65.20 402.88 14.69 833.00 782.01 4,165.00 10,000.00 2040-Building Repair 818.31 3,382.99 0.00 417.00 0.00 2,085.00 5,000.00 2048-Restoration Expense 417.00 2,085.00 524.75 750.00 2,606.91 3,750.00 9,000.00 2050-Building Supply 225.25 1,143.09 7,194.52 4,083.00 22,516.28 20,415.00 49,000.00 2055-RPM Dedicated Maintenance (3,111.52) (2,101.28) 924.00 675.00 4,247.50 3,375.00 8,100.00 2060-Elevator (249.00) (872.50) 42.27 50.00 211.35 250.00 600.00 2061-Elevator-Monitor 7.73 38.65 232.01 300.00 4,011.72 1,500.00 3,600.00 2071-Grounds-Maintenance 67.99 (2,511.72) 160.51 458.00 1,721.00 2,290.00 5,500.00 2078-Fire Alarm 297.49 569.00 123.52 517.00 617.60 2,585.00 6,200.00 2080-Exterminating 393.48 1,967.40 TOTAL MAINTENANCE & REPAIR $ 100,000.00 $ 41,665.00 $ 37,561.49 $ 8,333.00 $ 9,401.07 $(1,068.07) $ 4,103.51 UTILITIES 700.16 708.00 3,335.03 3,540.00 8,500.00 4010-Electric 7.84 204.97 0.00 758.00 3,363.84 3,790.00 9,100.00 4020-Water 758.00 426.16 478.54 258.00 2,822.72 1,290.00 3,100.00 4025-Gas (220.54) (1,532.72) 0.00 1,500.00 5,455.36 7,500.00 18,000.00 4030-Sewer 1,500.00 2,044.64 0.00 650.00 2,485.76 3,250.00 7,800.00 4040-Trash 650.00 764.24 434.93 500.00 2,113.95 2,500.00 6,000.00 4050-Telephone 65.07 386.05 1,649.97 1,683.00 8,271.29 8,415.00 20,196.00 4070-Cable TV 33.03 143.71 TOTAL UTILITIES $ 72,696.00 $ 30,285.00 $ 27,847.95 $ 6,057.00 $ 3,263.60 $ 2,793.40 $ 2,437.05 ADMINISTRATIVE 942.83 958.00 4,714.15 4,790.00 11,500.00 5010-Management Fee 15.17 75.85 290.79 250.00 723.67 1,250.00 3,000.00 5011-Office (40.79) 526.33 0.00 13.00 61.25 65.00 150.00 5015-Division Fees/Corp Fee 13.00 3.75 150.00 25.00 150.00 125.00 300.00 5016-License & Fees (125.00) (25.00) 0.00 133.00 250.00 665.00 1,600.00 5020-Rental Application 133.00 415.00 0.00 625.00 853.95 3,125.00 7,500.00 5030-Professional Fee 625.00 2,271.05 0.00 83.00 0.00 415.00 1,000.00 5036-IRS Taxes & Tax Prep 83.00 415.00 356.07 575.00 1,781.87 2,875.00 6,900.00 5056-RPM Dedicated Insurance 218.93 1,093.13 TOTAL ADMINISTRATIVE $ 31,950.00 $ 13,310.00 $ 8,534.89 $ 2,662.00 $ 1,739.69 $ 922.31 $ 4,775.11 TOTAL OPERATING EXPENSES $ 204,646.00 $ 85,260.00 $ 73,944.33 $ 17,052.00 $ 14,404.36 $ 2,647.64 $ 11,315.67 Actual Budget Actual Budget Variance Variance YEAR TO DATE BUDGET COMPARATIVE REPORT DRIFTWOOD SANDS CONDOMINIUM 06/13/2016 Page 2 For The Five Month Period Ended May 31,2016 ONE MONTH 16 Budget RESERVES 93.50 94.00 467.50 470.00 1,122.00 9010-Painting 0.50 2.50 658.92 659.00 3,294.60 3,295.00 7,907.00 9020-Roofing 0.08 0.40 35.58 36.00 177.90 180.00 427.00 9030-Paving 0.42 2.10 23.75 24.00 118.75 120.00 285.00 9051-Balcony/Landings 0.25 1.25 165.50 166.00 827.50 830.00 1,986.00 9052-Gazebo/Deck 0.50 2.50 117.75 118.00 588.75 590.00 1,413.00 9060-Seawall 0.25 1.25 2,756.67 2,757.00 13,783.35 13,785.00 33,080.00 9064-Elevator 0.33 1.65 158.42 158.00 792.10 790.00 1,901.00 9065-Generator (0.42) (2.10) 221.83 222.00 1,109.15 1,110.00 2,662.00 9070-Pool/Pool Heater 0.17 0.85 4,250.00 4,250.00 21,250.00 21,250.00 51,000.00 9075-Hazard Insurance 0.00 0.00 625.00 625.00 3,125.00 3,125.00 7,500.00 9076-Flood Insurance 0.00 0.00 28.67 29.00 143.35 145.00 344.00 9087-Entry Doors 0.33 1.65 62.58 63.00 312.90 315.00 751.00 9090-Deferred Maintenance 0.42 2.10 179.32 0.00 1,041.04 0.00 0.00 9095-Reserve Interest (179.32) (1,041.04) TOTAL RESERVES $ 110,378.00 $ 46,005.00 $ 47,031.89 $ 9,201.00 $ 9,377.49 $(176.49) $(1,026.89) MISCELLANEOUS DISBURSEMENTS TOTAL MISC DISBURSEMENTS $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 TOTAL EXPENSES/RESERVE FUNDING $ 315,024.00 $ 131,265.00 $ 120,976.22 $ 26,253.00 $ 23,781.85 $ 2,471.15 $ 10,288.78 NET(INCOME LESS EXPENSES) $ 0.00 $(5.00) $ 11,541.77 $(1.00) $ 2,602.68 $ 2,603.68 $ 11,546.77 RESERVE FUNDS TRANSFERED FROM RESERVE 0.00 0.00 1,323.50 0.00 0.00 21030 Rsv Trans-Paving 0.00 1,323.50 176.29 0.00 176.29 0.00 0.00 21052-Res Transfer-Gazebo/Deck 176.29 176.29 1,717.52 0.00 1,887.52 0.00 0.00 21065-Rsv Trans-Generator 1,717.52 1,887.52 0.00 0.00 1,152.00 0.00 0.00 21075-Rsv Trans-Hazard Ins 0.00 1,152.00 TOTAL RESERVE TRANSFERS $ 0.00 $ 0.00 $ 4,539.31 $ 0.00 $ 1,893.81 $ 1,893.81 $ 4,539.31 DISBURSED FROM OPERATING 0.00 0.00 1,323.50 0.00 0.00 25030-Rsv Disb.- Paving 0.00 (1,323.50) 176.29 0.00 176.29 0.00 0.00 25052-Res Disb.-Gazebo/Deck (176.29) (176.29) 1,717.52 0.00 1,887.52 0.00 0.00 25065-Rsv Disb.-Generator (1,717.52) (1,887.52) 0.00 0.00 1,152.00 0.00 0.00 25075-Rsv Disb.-Hazard Ins 0.00 (1,152.00) TOTAL RESERVE DISBURSEMENTS $ 0.00 $ 0.00 $ 4,539.31 $ 0.00 $ 1,893.81 $(1,893.81) $(4,539.31) NET RESERVE TRANSFERS & DISB. $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00 NET INCREASE (DECREASE) $ 0.00 $(5.00) $ 11,541.77 $(1.00) $ 2,602.68 $ 2,603.68 $ 11,546.77 Check Number Vendor Number Vendor Name Invoice Amount Date Paid 05/31/2016 1 DRIFTWOOD SANDS CONDOMINIUM ACCOUNTS PAYABLE CHECK REGISTER # Inv For May 01,2016 to May 31, 2016 Invoice # GL Code 5298 05/09/2016 Resource Management 1 3 3,675.47 #158 offc chrgs 5011 290.79 #158 payrec 2055 3,594.52 #158 payrec 5056 -209.84 5299 05/09/2016 Orkin Pest Control 41 1 123.52 66359485 Acct# 336762 2080 123.52 5300 05/09/2016 Florida Dept of Health in 45 1 175.00 52-60-01332 2020 175.00 5301 05/09/2016 The Pattin Company 5841 1 261.62 10034 MH250U 2050 261.62 5302 05/09/2016 Paramount Power 9670 1 409.96 90073 repairs to generator 25065 409.96 5303 05/09/2016 EM ENGINEERING, INC 13108 1 42.27 190010516 Elevator monitoring 2061 42.27 5304 05/16/2016 AT&T Mobility 9215 1 126.60 Acct#995131801 4050 126.60 5305 05/16/2016 Paramount Power 9670 1 1,307.56 90341 generator repairs 25065 1,307.56 5306 05/25/2016 Home Depot Credit Services 34 5 695.92 6035 3225 0413 1859 2040 14.69 6035 3225 0413 1859 2020 9.80 6035 3225 0413 1859 2050 263.13 6035 3225 0413 1859 2071 232.01 6035 3225 0413 1859 25052 176.29 5307 05/25/2016 Tyco Integrated Security LLC 78 1 160.51 26453070 Cust#01300 185400439 2078 160.51 5308 05/25/2016 ThyssenKrupp Elevator 161 1 924.00 3002556362 Cust# 91339 2060 924.00 5309 05/25/2016 Bureau of Elevator Safety 3963 2 150.00 32167 5016 75.00 32168 5016 75.00 12 Check Total 19 1099 Amount 0.00 8,052.43 Name Balance 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM DELINQUENCY AND PREPAID REPORT Note For May 31,2016 Current 30 Days 60 Days 90 Days Unit Page 1 Delinquent 36.90 Christopher & Amy Ingram 18.45 18.45 204 25.00 John & Leslie Berlin 25.00 509 Total Delinquents 0.00 61.90 18.45 43.45 0.00 Prepaid -488.30 Anthony & Kristin Degina -488.30 101 -180.34 Ms. Flora Harwood -180.34 102 -38.00 Mr. & Mrs. Jay Tucker -38.00 106 ACH -75.00 Jennifer Bradley -75.00 107 -512.00 Mr. & Mrs. Juan Ling -512.00 202 ACH -591.91 Mr. & Mrs. Edward Coryn -591.91 208 -489.00 Ianthe Kate Veeder -489.00 209 -3,594.64 Mr & Mrs James Martinson -3,594.64 304 -493.66 Mr. & Mrs. Carl A. Goldman -493.66 305 ACH -197.60 Mr. & Mrs. Ralph Montgomery -197.60 309 -536.00 Mr. Jeffery Tomes -536.00 407 -4.35 Ronald & Barbara Turner -4.35 506 ACH -499.01 Michael & Leigh Marks -499.01 507 -3.00 Kevin & Amy Edmonson -1.00 -1.00 -1.00 508 Total Prepaids -6,651.81 -7,702.81 -1,049.00 -1.00 -1.00 -6,651.81 -7,640.91 Totals -1,030.55 42.45 -1.00 Monthly Bank Reconciliation Report For the Period 5/1/2016 to 5/31/2016 Client Page 1 6/10/2016 158 DRIFTWOOD SANDS CONDOMINIUM Matures on 1/9/2017 220-C1 CD Rate: 0.65% Account Balance Shown on this Statement $35,307.84 30107830 ** No Outstanding Checks ** ** No Outstanding Deposits ** $35,307.84 Current Balance Matures on 1/9/2017 235-C1 CD Rate: 0.65% Account Balance Shown on this Statement $81,039.27 30107862 ** No Outstanding Checks ** ** No Outstanding Deposits ** $81,039.27 Current Balance 215-Popular Bank MM Rate: 0.85% Account Balance Shown on this Statement $153,209.58 6808423492 ** No Outstanding Checks ** ** No Outstanding Deposits ** $153,209.58 Current Balance Monthly Bank Reconciliation Report For the Period 5/1/2016 to 5/31/2016 Client Page 2 6/10/2016 158 DRIFTWOOD SANDS CONDOMINIUM 109-C1 Bank Operating Account Account Balance Shown on this Statement $36,241.83 8100000926 Outstanding Checks 5306 5/25/2016 Home Depot Credit Services 695.92 5307 5/25/2016 Tyco Integrated Security LLC 160.51 5309 5/25/2016 Bureau of Elevator Safety 150.00 Total Outstanding Checks 1,006.43 ** No Outstanding Deposits ** $35,235.40 Current Balance 209-C1 Bank Reserve Account Account Balance Shown on this Statement $107,475.00 8100000942 Outstanding Checks 237 5/25/2016 trans52 176.29 Total Outstanding Checks 176.29 ** No Outstanding Deposits ** $107,298.71 Current Balance 110-BB&T Savings Rate: 0.75% Account Balance Shown on this Statement $60,615.65 1100003555281 ** No Outstanding Checks ** ** No Outstanding Deposits ** $60,615.65 Current Balance Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 1 Check # 105-Petty Cash Opening Balance 300.00 105 Total 0.00 0.00 Ending Balance 300.00 109-C1 Bank Operating Opening Balance 33,919.62 109 Check Register Distributn A/P 1 5/9/2016 4,687.84 Check Register Distributn A/P 1 5/16/2016 1,434.16 Check Register Distributn A/P 1 5/25/2016 1,930.43 Resource Mgmt A/P 2 5/31/2016 5,108.74 1 Monthly Transfers RES 3 5/31/2016 9,198.17 1 Owner Receivables CM 4 5/31/2016 24,691.55 Total Misc Income CBK 5 5/31/2016 2,120.57 Total ACH Debits CBK 5 5/31/2016 3,137.00 Total 25,496.34 26,812.12 Net Change 1,315.78 Ending Balance 35,235.40 110-BB&T-Money Market Opening Balance 60,608.20 110 Interest-BB&T Savings RES 3 5/31/2016 7.45 Total 0.00 7.45 Net Change 7.45 Ending Balance 60,615.65 209-C1 Bank Reserve Opening Balance 99,958.74 209 Monthly Funding RES 3 5/31/2016 9,198.17 1 Interest RES 3 5/31/2016 35.61 Transfer to Operating RES 3 5/31/2016 176.29 Transfer to Operating RES 3 5/31/2016 1,717.52 Total 1,893.81 9,233.78 Net Change 7,339.97 Ending Balance 107,298.71 215-Popular Bank MM Opening Balance 153,128.01 215 Interest-Popular RES 3 5/31/2016 81.57 Total 0.00 81.57 Net Change 81.57 Ending Balance 153,209.58 220-C1 CD;07830;0.65%;01/ Opening Balance 35,288.98 220 Interest-C1 CD 220 RES 3 5/31/2016 18.86 Total 0.00 18.86 Net Change 18.86 Ending Balance 35,307.84 235-C1 CD:07862;0.65%;01/ Opening Balance 80,995.99 235 Interest-C1 CD 235 RES 3 5/31/2016 43.28 Total 0.00 43.28 Net Change 43.28 Ending Balance 81,039.27 310-Accounts Receivable Opening Balance 43.45 310 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 2 Check # Owner Receivables CM 4 5/31/2016 43.45 Owner Receivables CM 4 5/31/2016 61.90 Total 43.45 61.90 Net Change 18.45 Ending Balance 61.90 330-Deposit Opening Balance 100.00 330 Total 0.00 0.00 Ending Balance 100.00 335-PPD-Management Fee Opening Balance 630.00 335 Total 0.00 0.00 Ending Balance 630.00 510-Painting Opening Balance (81,008.42) 510 Monthly Transfer RES 3 5/31/2016 93.50 2 Total 93.50 0.00 Net Change (93.50) Ending Balance (81,101.92) 520-Roofing Opening Balance (55,205.96) 520 Monthly Transfer RES 3 5/31/2016 658.92 2 Total 658.92 0.00 Net Change (658.92) Ending Balance (55,864.88) 530-Paving Opening Balance (12,051.36) 530 Monthly funding RES 3 5/31/2016 35.58 2 Total 35.58 0.00 Net Change (35.58) Ending Balance (12,086.94) 551-Balcony/Landings Opening Balance (256.71) 551 Monthly funding RES 3 5/31/2016 23.75 2 Total 23.75 0.00 Net Change (23.75) Ending Balance (280.46) 552-Gazebo/Deck Opening Balance (8,902.70) 552 Monthly funding RES 3 5/31/2016 165.50 2 Transfer to Operating RES 3 5/31/2016 176.29 Total 165.50 176.29 Net Change 10.79 Ending Balance (8,891.91) 560-Seawall Opening Balance (9,049.33) 560 Monthly funding RES 3 5/31/2016 117.75 2 Total 117.75 0.00 Net Change (117.75) Ending Balance (9,167.08) 564-Elevator Opening Balance (45,626.73) 564 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 3 Check # Monthly funding RES 3 5/31/2016 2,756.67 2 Total 2,756.67 0.00 Net Change (2,756.67) Ending Balance (48,383.40) 565-Generator Opening Balance (6,973.29) 565 Monthly funding RES 3 5/31/2016 158.42 2 Transfer to Operating RES 3 5/31/2016 1,717.52 Total 158.42 1,717.52 Net Change 1,559.10 Ending Balance (5,414.19) 570-Pool/Pool Heater Opening Balance (22,519.72) 570 Monthly funding RES 3 5/31/2016 221.83 2 Total 221.83 0.00 Net Change (221.83) Ending Balance (22,741.55) 575-Hazard Insurance Opening Balance (15,848.01) 575 Monthly funding RES 3 5/31/2016 4,250.00 2 Total 4,250.00 0.00 Net Change (4,250.00) Ending Balance (20,098.01) 576-Flood Insurance Opening Balance (2,500.00) 576 Monthly funding RES 3 5/31/2016 625.00 2 Total 625.00 0.00 Net Change (625.00) Ending Balance (3,125.00) 587-Entry Doors Opening Balance (6,326.75) 587 Monthly funding RES 3 5/31/2016 28.67 2 Total 28.67 0.00 Net Change (28.67) Ending Balance (6,355.42) 590-Deferred Maintenance Opening Balance (75,500.57) 590 Monthly Funding RES 3 5/31/2016 62.58 1 Total 62.58 0.00 Net Change (62.58) Ending Balance (75,563.15) 595-Unallocated Interest Opening Balance (27,602.17) 595 Interest RES 3 5/31/2016 35.61 Interest-Popular RES 3 5/31/2016 81.57 Interest-C1 CD 220 RES 3 5/31/2016 18.86 Interest-C1 CD 235 RES 3 5/31/2016 43.28 Total 179.32 0.00 Net Change (179.32) Ending Balance (27,781.49) 620-Prepaid Fees Opening Balance (7,713.81) 620 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 4 Check # Owner Receivables CM 4 5/31/2016 7,713.81 Owner Receivables CM 4 5/31/2016 7,702.81 Total 7,702.81 7,713.81 Net Change 11.00 Ending Balance (7,702.81) 900-Prior Years Fund Bala Opening Balance (78,948.37) 900 Prior Year Surplus A/P 2 5/31/2016 1,250.00 Total 0.00 1,250.00 Net Change 1,250.00 Ending Balance (77,698.37) 1010-Maintenance Fees Opening Balance (98,884.00) 1010 Owner Receivables CM 4 5/31/2016 24,721.00 Total 24,721.00 0.00 Net Change (24,721.00) Ending Balance (123,605.00) 1040-Miscellaneous Opening Balance (50.00) 1040 Total 0.00 0.00 Ending Balance (50.00) 1045-Kayack Storage Opening Balance (100.00) 1045 Total 0.00 0.00 Ending Balance (100.00) 1050-Application fee Opening Balance (1,200.00) 1050 Deposit CBK 5 5/31/2016 75.00 App Fee-Ulrich #203 Deposit CBK 5 5/31/2016 75.00 App Fee-Maleski #502 Deposit CBK 5 5/31/2016 75.00 App Fee-Spicola Total 225.00 0.00 Net Change (225.00) Ending Balance (1,425.00) 1800-Operating Interest Opening Balance (37.74) 1800 Interest-BB&T Savings RES 3 5/31/2016 7.45 Interest CBK 5 5/31/2016 1.76 Total 9.21 0.00 Net Change (9.21) Ending Balance (46.95) 1910-Prior Year Surplus Opening Balance (5,000.00) 1910 Prior Year Surplus A/P 2 5/31/2016 1,250.00 Total 1,250.00 0.00 Net Change (1,250.00) Ending Balance (6,250.00) 1995-Reserve Interest Opening Balance (861.72) 1995 Interest RES 3 5/31/2016 35.61 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 5 Check # Interest-Popular RES 3 5/31/2016 81.57 Interest-C1 CD 220 RES 3 5/31/2016 18.86 Interest-C1 CD 235 RES 3 5/31/2016 43.28 Total 179.32 0.00 Net Change (179.32) Ending Balance (1,041.04) 2020-Pool/Pool Heater Opening Balance 662.32 2020 Florida Dept of Health in A/P 1 5/9/2016 175.00 5300 52-60-01332 Home Depot Credit Service A/P 1 5/25/2016 9.80 5306 6035 3225 0413 1859 Total 0.00 184.80 Net Change 184.80 Ending Balance 847.12 2040-Building Repair Opening Balance 767.32 2040 Home Depot Credit Service A/P 1 5/25/2016 14.69 5306 6035 3225 0413 1859 Total 0.00 14.69 Net Change 14.69 Ending Balance 782.01 2050-Building Supply Opening Balance 2,082.16 2050 Home Depot Credit Service A/P 1 5/25/2016 263.13 5306 6035 3225 0413 1859 The Pattin Compan-10034 A/P 1 5/9/2016 261.62 5301 MH250U Total 0.00 524.75 Net Change 524.75 Ending Balance 2,606.91 2055-RPM Dedicated Mainte Opening Balance 15,321.76 2055 Resource Management A/P 1 5/9/2016 3,594.52 5298 #158 payrec Resource Management A/P 2 5/31/2016 3,600.00 1 Total 0.00 7,194.52 Net Change 7,194.52 Ending Balance 22,516.28 2060-Elevator Opening Balance 3,323.50 2060 ThyssenKrupp Elev-3002556 A/P 1 5/25/2016 924.00 5308 Cust# 91339 Total 0.00 924.00 Net Change 924.00 Ending Balance 4,247.50 2061-Elevator-Monitor Opening Balance 169.08 2061 EM ENGINEERING, I-1900105 A/P 1 5/9/2016 42.27 5303 Elevator monitoring Total 0.00 42.27 Net Change 42.27 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 6 Check # Ending Balance 211.35 2071-Grounds-Maintenance Opening Balance 3,779.71 2071 Home Depot Credit Service A/P 1 5/25/2016 232.01 5306 6035 3225 0413 1859 Total 0.00 232.01 Net Change 232.01 Ending Balance 4,011.72 2078-Fire Alarm Opening Balance 1,560.49 2078 Tyco Integrated S-2645307 A/P 1 5/25/2016 160.51 5307 Cust#01300 185400439 Total 0.00 160.51 Net Change 160.51 Ending Balance 1,721.00 2080-Exterminating Opening Balance 494.08 2080 Orkin Pest Contro-6635948 A/P 1 5/9/2016 123.52 5299 Acct# 336762 Total 0.00 123.52 Net Change 123.52 Ending Balance 617.60 4010-Electric Opening Balance 2,634.87 4010 Duke Energy CBK 5 5/31/2016 700.16 Total 0.00 700.16 Net Change 700.16 Ending Balance 3,335.03 4020-Water Opening Balance 3,363.84 4020 Total 0.00 0.00 Ending Balance 3,363.84 4025-Gas Opening Balance 2,344.18 4025 City of Clearwater CBK 5 5/31/2016 478.54 Total 0.00 478.54 Net Change 478.54 Ending Balance 2,822.72 4030-Sewer Opening Balance 5,455.36 4030 Total 0.00 0.00 Ending Balance 5,455.36 4040-Trash Opening Balance 2,485.76 4040 Total 0.00 0.00 Ending Balance 2,485.76 4050-Telephone Opening Balance 1,679.02 4050 AT&T Mobility A/P 1 5/16/2016 126.60 5304 Acct#995131801 Frontier Communications CBK 5 5/31/2016 203.62 Frontier Communications CBK 5 5/31/2016 104.71 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 7 Check # Total 0.00 434.93 Net Change 434.93 Ending Balance 2,113.95 4070-Cable TV Opening Balance 6,621.32 4070 Brighthouse CBK 5 5/31/2016 1,649.97 Total 0.00 1,649.97 Net Change 1,649.97 Ending Balance 8,271.29 5010-Management Fee Opening Balance 3,771.32 5010 Resource Mgmt A/P 2 5/31/2016 942.83 1 Total 0.00 942.83 Net Change 942.83 Ending Balance 4,714.15 5011-Office Opening Balance 432.88 5011 Resource Management A/P 1 5/9/2016 290.79 5298 #158 offc chrgs Total 0.00 290.79 Net Change 290.79 Ending Balance 723.67 5015-Division Fees/Corp F Opening Balance 61.25 5015 Total 0.00 0.00 Ending Balance 61.25 5016-License & Fees Opening Balance 0.00 5016 Bureau of Elevator Safety A/P 1 5/25/2016 75.00 5309 32168 Bureau of Elevator Safety A/P 1 5/25/2016 75.00 5309 32167 Total 0.00 150.00 Net Change 150.00 Ending Balance 150.00 5020-Rental Application Opening Balance 250.00 5020 Total 0.00 0.00 Ending Balance 250.00 5030-Professional Fee Opening Balance 853.95 5030 Total 0.00 0.00 Ending Balance 853.95 5056-RPM Dedicated Insura Opening Balance 1,425.80 5056 Resource Management A/P 1 5/9/2016 209.84 5298 #158 payrec Resource Property MGMT A/P 2 5/31/2016 565.91 Total 209.84 565.91 Net Change 356.07 Ending Balance 1,781.87 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 8 Check # 9010-Painting Opening Balance 374.00 9010 Monthly Funding RES 3 5/31/2016 93.50 1 Total 0.00 93.50 Net Change 93.50 Ending Balance 467.50 9020-Roofing Opening Balance 2,635.68 9020 Monthly Funding RES 3 5/31/2016 658.92 1 Total 0.00 658.92 Net Change 658.92 Ending Balance 3,294.60 9030-Paving Opening Balance 142.32 9030 Monthly Funding RES 3 5/31/2016 35.58 1 Total 0.00 35.58 Net Change 35.58 Ending Balance 177.90 9051-Balcony/Landings Opening Balance 95.00 9051 Monthly Funding RES 3 5/31/2016 23.75 1 Total 0.00 23.75 Net Change 23.75 Ending Balance 118.75 9052-Gazebo/Deck Opening Balance 662.00 9052 Monthly Funding RES 3 5/31/2016 165.50 1 Total 0.00 165.50 Net Change 165.50 Ending Balance 827.50 9060-Seawall Opening Balance 471.00 9060 Monthly Funding RES 3 5/31/2016 117.75 1 Total 0.00 117.75 Net Change 117.75 Ending Balance 588.75 9064-Elevator Opening Balance 11,026.68 9064 Monthly Funding RES 3 5/31/2016 2,756.67 1 Total 0.00 2,756.67 Net Change 2,756.67 Ending Balance 13,783.35 9065-Generator Opening Balance 633.68 9065 Monthly Funding RES 3 5/31/2016 158.42 1 Total 0.00 158.42 Net Change 158.42 Ending Balance 792.10 9070-Pool/Pool Heater Opening Balance 887.32 9070 Monthly Funding RES 3 5/31/2016 221.83 1 Total 0.00 221.83 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 9 Check # Net Change 221.83 Ending Balance 1,109.15 9075-Hazard Insurance Opening Balance 17,000.00 9075 Monthly Funding RES 3 5/31/2016 4,250.00 1 Total 0.00 4,250.00 Net Change 4,250.00 Ending Balance 21,250.00 9076-Flood Insurance Opening Balance 2,500.00 9076 Monthly Funding RES 3 5/31/2016 625.00 1 Total 0.00 625.00 Net Change 625.00 Ending Balance 3,125.00 9087-Entry Doors Opening Balance 114.68 9087 Monthly Transfers RES 3 5/31/2016 28.67 2 Total 0.00 28.67 Net Change 28.67 Ending Balance 143.35 9090-Deferred Maintenance Opening Balance 250.32 9090 Monthly Funding RES 3 5/31/2016 62.58 2 Total 0.00 62.58 Net Change 62.58 Ending Balance 312.90 9095-Reserve Interest Opening Balance 861.72 9095 Interest RES 3 5/31/2016 35.61 Interest-Popular RES 3 5/31/2016 81.57 Interest-C1 CD 220 RES 3 5/31/2016 18.86 Interest-C1 CD 235 RES 3 5/31/2016 43.28 Total 0.00 179.32 Net Change 179.32 Ending Balance 1,041.04 21030 Rsv Trans-Paving Opening Balance (1,323.50) 21030 Total 0.00 0.00 Ending Balance (1,323.50) 21052-Res Transfer-Gazebo Opening Balance 0.00 21052 Deposit CBK 5 5/31/2016 176.29 Rsv Transfer Total 176.29 0.00 Net Change (176.29) Ending Balance (176.29) 21065-Rsv Trans-Generator Opening Balance (170.00) 21065 Deposit CBK 5 5/31/2016 409.96 Rsv Transfer Deposit CBK 5 5/31/2016 1,307.56 Rsv Transfer Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 10 Check # Total 1,717.52 0.00 Net Change (1,717.52) Ending Balance (1,887.52) 21075-Rsv Trans-Hazard In Opening Balance (1,152.00) 21075 Total 0.00 0.00 Ending Balance (1,152.00) 25030-Rsv Disb.- Paving Opening Balance 1,323.50 25030 Total 0.00 0.00 Ending Balance 1,323.50 25052-Res Disb.-Gazebo/De Opening Balance 0.00 25052 Home Depot Credit Service A/P 1 5/25/2016 176.29 5306 6035 3225 0413 1859 Total 0.00 176.29 Net Change 176.29 Ending Balance 176.29 25065-Rsv Disb.-Generator Opening Balance 170.00 25065 Paramount Power -90341 A/P 1 5/16/2016 1,307.56 5305 generator repairs Paramount Power -90073 A/P 1 5/9/2016 409.96 5302 repairs to generator Total 0.00 1,717.52 Net Change 1,717.52 Ending Balance 1,887.52 25075-Rsv Disb.-Hazard In Opening Balance 1,152.00 25075 Total 0.00 0.00 Ending Balance 1,152.00 Detail General Ledger Date Journal Code Description Debit Credit 06/13/2016 DRIFTWOOD SANDS CONDOMINIUM May 31, 2016 Page 11 Check # TOTAL DEBITS Opening Balance Current Ending Balance 564,812.86 73,002.08 599,313.88 TOTAL CREDITS 564,812.86 73,002.08 599,313.88 Seq Day Description Debits Account Name 06/13/2016 Page 1 Acct Number Credits JOURNAL ENTRIES - A/P Automatic Interface - Code A/P May, 2016 DRIFTWOOD SANDS CONDOMINIUM 1 9 Check Register Distributn 109-C1 Bank Operating 109 4,687.84 2 16 Check Register Distributn 109-C1 Bank Operating 109 1,434.16 3 25 Check Register Distributn 109-C1 Bank Operating 109 1,930.43 7 9 Florida Dept of Health in 2020-Pool/Pool Heater 2020 175.00 52-60-01332 8 25 Home Depot Credit Service 2020-Pool/Pool Heater 2020 9.80 6035 3225 0413 1859 9 25 Home Depot Credit Service 2040-Building Repair 2040 14.69 6035 3225 0413 1859 10 25 Home Depot Credit Service 2050-Building Supply 2050 263.13 6035 3225 0413 1859 11 9 The Pattin Compan-10034 2050-Building Supply 2050 261.62 MH250U 12 9 Resource Management 2055-RPM Dedicated Mainte 2055 3,594.52 #158 payrec 13 25 ThyssenKrupp Elev-30025 2060-Elevator 2060 924.00 Cust# 91339 14 9 EM ENGINEERING, I-190 2061-Elevator-Monitor 2061 42.27 Elevator monitoring 15 25 Home Depot Credit Service 2071-Grounds-Maintenance 2071 232.01 6035 3225 0413 1859 16 25 Tyco Integrated S-2645307 2078-Fire Alarm 2078 160.51 Cust#01300 185400439 17 9 Orkin Pest Contro-6635948 2080-Exterminating 2080 123.52 Acct# 336762 18 16 AT&T Mobility 4050-Telephone 4050 126.60 Acct#995131801 19 9 Resource Management 5011-Office 5011 290.79 #158 offc chrgs 20 25 Bureau of Elevator Safety 5016-License & Fees 5016 75.00 32168 21 25 Bureau of Elevator Safety 5016-License & Fees 5016 75.00 32167 22 9 Resource Management 5056-RPM Dedicated Insura 5056 209.84 #158 payrec 23 25 Home Depot Credit Service 25052-Res Disb.-Gazebo/Dec 25052 176.29 6035 3225 0413 1859 24 16 Paramount Power -90341 25065-Rsv Disb.-Generator 25065 1,307.56 generator repairs 25 9 Paramount Power -90073 25065-Rsv Disb.-Generator 25065 409.96 repairs to generator 8,262.27 8,262.27 1222430000000 Total Code A/P Seq Day Description Debits Account Name 06/13/2016 Page 2 Acct Number Credits JOURNAL ENTRIES - Transfers & Adjustments - Code A/P May, 2016 DRIFTWOOD SANDS CONDOMINIUM 1 31 Resource Mgmt 5010-Management Fee 5010 942.83 4 31 Resource Mgmt 109-C1 Bank Operating 109 5,108.74 13 31 Resource Management 2055-RPM Dedicated Mainte 2055 3,600.00 20 31 Resource Property MGMT 5056-RPM Dedicated Insura 5056 565.91 21 31 Prior Year Surplus 900-Prior Years Fund Balance 900 1,250.00 22 31 Prior Year Surplus 1910-Prior Year Surplus 1910 1,250.00 6,358.74 6,358.74 150400000000 Total Code A/P Seq Day Description Debits Account Name 06/13/2016 Page 3 Acct Number Credits JOURNAL ENTRIES - Reserve Activity - Code RES May, 2016 DRIFTWOOD SANDS CONDOMINIUM 1 31 Monthly Transfer 510-Painting 510 93.50 2 31 Monthly Transfer 520-Roofing 520 658.92 3 31 Monthly funding 530-Paving 530 35.58 4 31 Monthly funding 551-Balcony/Landings 551 23.75 5 31 Monthly funding 552-Gazebo/Deck 552 165.50 6 31 Monthly funding 560-Seawall 560 117.75 7 31 Monthly funding 564-Elevator 564 2,756.67 8 31 Monthly funding 565-Generator 565 158.42 9 31 Monthly funding 570-Pool/Pool Heater 570 221.83 10 31 Monthly funding 575-Hazard Insurance 575 4,250.00 11 31 Monthly funding 576-Flood Insurance 576 625.00 12 31 Monthly funding 587-Entry Doors 587 28.67 13 31 Monthly Funding 209-C1 Bank Reserve 209 9,198.17 14 31 Monthly Funding 9010-Painting 9010 93.50 15 31 Monthly Funding 9020-Roofing 9020 658.92 16 31 Monthly Funding 9030-Paving 9030 35.58 17 31 Monthly Funding 9051-Balcony/Landings 9051 23.75 18 31 Monthly Funding 9052-Gazebo/Deck 9052 165.50 19 31 Monthly Funding 9060-Seawall 9060 117.75 20 31 Monthly Funding 9064-Elevator 9064 2,756.67 21 31 Monthly Funding 9065-Generator 9065 158.42 22 31 Monthly Funding 9070-Pool/Pool Heater 9070 221.83 23 31 Monthly Funding 9075-Hazard Insurance 9075 4,250.00 24 31 Monthly Funding 9076-Flood Insurance 9076 625.00 25 31 Monthly Transfers 9087-Entry Doors 9087 28.67 26 31 Monthly Transfers 109-C1 Bank Operating 109 9,198.17 29 31 Monthly Funding 590-Deferred Maintenance 590 62.58 30 31 Monthly Funding 9090-Deferred Maintenance 9090 62.58 31 31 Interest 595-Unallocated Interest 595 35.61 32 31 Interest 209-C1 Bank Reserve 209 35.61 33 31 Interest 1995-Reserve Interest 1995 35.61 34 31 Interest 9095-Reserve Interest 9095 35.61 35 31 Interest-BB&T Savings 1800-Operating Interest 1800 7.45 36 31 Interest-BB&T Savings 110-BB&T-Money Market 110 7.45 37 31 Interest-Popular 595-Unallocated Interest 595 81.57 38 31 Interest-Popular 215-Popular Bank MM 215 81.57 39 31 Interest-Popular 1995-Reserve Interest 1995 81.57 40 31 Interest-Popular 9095-Reserve Interest 9095 81.57 41 31 Interest-C1 CD 220 595-Unallocated Interest 595 18.86 42 31 Interest-C1 CD 220 220-C1 CD;07830;0.65%;01/0 220 18.86 43 31 Interest-C1 CD 220 1995-Reserve Interest 1995 18.86 44 31 Interest-C1 CD 220 9095-Reserve Interest 9095 18.86 45 31 Interest-C1 CD 235 595-Unallocated Interest 595 43.28 46 31 Interest-C1 CD 235 235-C1 CD:07862;0.65%;01/0 235 43.28 47 31 Interest-C1 CD 235 1995-Reserve Interest 1995 43.28 48 31 Interest-C1 CD 235 9095-Reserve Interest 9095 43.28 49 31 Transfer to Operating 552-Gazebo/Deck 552 176.29 50 31 Transfer to Operating 209-C1 Bank Reserve 209 176.29 Seq Day Description Debits Account Name 06/13/2016 Page 4 Acct Number Credits JOURNAL ENTRIES - Reserve Activity - Code RES May, 2016 DRIFTWOOD SANDS CONDOMINIUM 51 31 Transfer to Operating 565-Generator 565 1,717.52 52 31 Transfer to Operating 209-C1 Bank Reserve 209 1,717.52 20,656.24 20,656.24 1763820000000 Total Code RES Seq Day Description Debits Account Name 06/13/2016 Page 5 Acct Number Credits JOURNAL ENTRIES - Owner Receivables - Code CM May, 2016 DRIFTWOOD SANDS CONDOMINIUM 1 31 Owner Receivables 109-C1 Bank Operating 109 24,691.55 2 31 Owner Receivables 1010-Maintenance Fees 1010 24,721.00 3 31 Owner Receivables 310-Accounts Receivable 310 43.45 4 31 Owner Receivables 620-Prepaid Fees 620 7,713.81 5 31 Owner Receivables 310-Accounts Receivable 310 61.90 6 31 Owner Receivables 620-Prepaid Fees 620 7,702.81 32,467.26 32,467.26 29790000000 Total Code CM Seq Day Description Debits Account Name 06/13/2016 Page 6 Acct Number Credits JOURNAL ENTRIES - Checkbook Interface - Code CBK May, 2016 DRIFTWOOD SANDS CONDOMINIUM 1 31 Frontier Communications 4050-Telephone 4050 203.62 2 31 Frontier Communications 4050-Telephone 4050 104.71 3 31 City of Clearwater 4025-Gas 4025 478.54 4 31 Duke Energy 4010-Electric 4010 700.16 5 31 Brighthouse 4070-Cable TV 4070 1,649.97 6 31 Deposit 1050-Application fee 1050 75.00 App Fee-Ulrich #203 7 31 Deposit 1050-Application fee 1050 75.00 App Fee-Maleski #502 8 31 Deposit 21065-Rsv Trans-Generator 21065 409.96 Rsv Transfer 9 31 Deposit 21065-Rsv Trans-Generator 21065 1,307.56 Rsv Transfer 10 31 Deposit 1050-Application fee 1050 75.00 App Fee-Spicola 11 31 Deposit 21052-Res Transfer-Gazebo/ 21052 176.29 Rsv Transfer 12 31 Interest 1800-Operating Interest 1800 1.76 14 31 Total Misc Income 109-C1 Bank Operating 109 2,120.57 15 31 Total ACH Debits 109-C1 Bank Operating 109 3,137.00 5,257.57 5,257.57 885550000000 Total Code CBK </p>
