03/31/2020 12:53:57 pm soa balance sheet some somersett ... · 03/31/2020 12:53:57 pm soa balance...

03/31/2020 12:53:57 PM SOA Balance SheetSOME Somersett Owners Association

02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC

8290 ARVILLE STREET

Las Vegas NV 89139

GL Common Area Common Area Club @ Town Club @ Town Gates Gates Town Square Town Square Total Total TotalOperating Reserve Center Operating Center Reserve Operating Reserve Operating Reserve Operating Reserve All Funds

ASSETS

10005 Petty Cash 0.00 0.00 500.00 0.00 0.00 0.00 0.00 0.00 500.00 0.00 500.00

10010 US Bank - Checking x8431 950,462.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 950,462.70 0.00 950,462.70

10025 US Bank - Merchant Deposits x8449 0.00 0.00 5,120.06 0.00 0.00 0.00 0.00 0.00 5,120.06 0.00 5,120.06

10055 Cash - Club Cash Registers 0.00 0.00 900.00 0.00 0.00 0.00 0.00 0.00 900.00 0.00 900.00

11510 US Bank - MM x8456 0.00 3,019,077.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,019,077.64 3,019,077.64

11515 Bank United - MM x 2356 0.00 1,293.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,293.18 1,293.18

11545 UBS Financial Services - Cash x1765 0.00 181,269.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 181,269.66 181,269.66

11550 UBS Financial Services - Portfolio x1765 0.00 3,447,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,447,000.00 3,447,000.00

11560 Pacific Western - MM x6488 0.00 244,066.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 244,066.71 244,066.71

11600 Due (To)/From Main Operating (824,925.77) (27,701.66) 1,007,710.85 0.00 (12,960.40) 0.00 (142,123.02) 0.00 27,701.66 (27,701.66) 0.00

11605 Due (To)/From Main Reserve 0.00 (4,455,365.93) 0.00 1,184,272.32 0.00 3,271,093.61 0.00 0.00 0.00 0.00 0.00

11610 Due (to) / From TCTC Town Square 0.00 0.00 (112,350.72) 0.00 0.00 0.00 112,350.72 0.00 0.00 0.00 0.00

11615 UBS Financial Svcs - Operating Cash 425,981.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 425,981.68 0.00 425,981.68

TOTAL CASH $551,518.61 $2,409,639.60 $901,880.19 $1,184,272.32 ($12,960.40) $3,271,093.61 ($29,772.30) $0.00 $1,410,666.10 $6,865,005.53 $8,275,671.63

Homeowner Delinquency

12000 Assessment Delinquency 69,268.74 0.00 67,758.75 0.00 31,479.47 0.00 15,540.84 0.00 184,047.80 0.00 184,047.80

12040 AR - Fines 51,050.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51,050.00 0.00 51,050.00

12060 AR - Misc. Homeowner Delinquency 101,109.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 101,109.59 0.00 101,109.59

12063 AR - Special Assessents Delinquency 0.00 195,994.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 195,994.13 195,994.13

Total Homeowner Delinquency $221,428.33 $195,994.13 $67,758.75 $0.00 $31,479.47 $0.00 $15,540.84 $0.00 $336,207.39 $195,994.13 $532,201.52

Less Allowance for Doubtful Accounts

12065 Allowance for Doubtful Accounts - Homeowner (103,208.12) 0.00 (14,038.77) 0.00 (5,889.00) 0.00 0.00 0.00 (123,135.89) 0.00 (123,135.89)

Net Homeowner Delinquency $118,220.21 $195,994.13 $53,719.98 $0.00 $25,590.47 $0.00 $15,540.84 $0.00 $213,071.50 $195,994.13 $409,065.63

Other Assets

12300 AR - Other 1,177.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,177.00 0.00 1,177.00

12310 Unamortized Discount 0.00 (259.23) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (259.23) (259.23)

12355 Accrued Interest Receivable 0.00 17,744.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17,744.48 17,744.48

12360 Unamortized Premium 0.00 10,159.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,159.04 10,159.04

12900 Due (To)/From Reserves (105,317.64) 105,317.64 0.00 0.00 0.00 0.00 0.00 0.00 (105,317.64) 105,317.64 0.00

12973 Inventory - Non-Alcohol 0.00 0.00 1,283.75 0.00 0.00 0.00 0.00 0.00 1,283.75 0.00 1,283.75

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SOME Somersett Owners Association Financials

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8290 ARVILLE STREET

Las Vegas NV 89139


12974 Inventory - Food 0.00 0.00 873.00 0.00 0.00 0.00 0.00 0.00 873.00 0.00 873.00

13000 Prepaid Expenses 796.50 0.00 16,434.30 0.00 7,575.69 0.00 0.00 0.00 24,806.49 0.00 24,806.49

13100 Prepaid Insurance 25,293.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,293.31 0.00 25,293.31

16000 FA - Clubhouse Land 2,534,929.38 0.00 674,048.05 0.00 0.00 0.00 0.00 0.00 3,208,977.43 0.00 3,208,977.43

16010 FA - Golf Course Purchase 66,587.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 66,587.00 0.00 66,587.00

16500 FA - Canyon 9 Golf Course Land 900,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900,000.00 0.00 900,000.00

17000 FA - Golf Course Equipment 26,407.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26,407.89 0.00 26,407.89

17010 FA - Electronic Equipment 0.00 0.00 152,883.32 0.00 0.00 0.00 0.00 0.00 152,883.32 0.00 152,883.32

17020 FA - Pool Furniture & Equipment 0.00 0.00 68,173.51 0.00 0.00 0.00 0.00 0.00 68,173.51 0.00 68,173.51

17030 FA - Fitness Equipment 0.00 0.00 128,747.46 0.00 0.00 0.00 0.00 0.00 128,747.46 0.00 128,747.46

17040 FA - Furniture & Equipment 8,370.91 0.00 168,658.42 0.00 0.00 0.00 0.00 0.00 177,029.33 0.00 177,029.33

17090 FA - Clubhouse Building 0.00 0.00 8,001,100.00 0.00 0.00 0.00 0.00 0.00 8,001,100.00 0.00 8,001,100.00

17105 Fixed Assets - Foreclosed Unit 52,496.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52,496.31 0.00 52,496.31

17500 AD - Golf Course Equipment (18,973.44) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (18,973.44) 0.00 (18,973.44)

17505 AD - Golf Course Purchase (66,587.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (66,587.00) 0.00 (66,587.00)

17510 AD - Electronic Equipment 0.00 0.00 (135,715.32) 0.00 0.00 0.00 0.00 0.00 (135,715.32) 0.00 (135,715.32)

17520 AD - Pool Furniture & Equipment 0.00 0.00 (55,318.69) 0.00 0.00 0.00 0.00 0.00 (55,318.69) 0.00 (55,318.69)

17530 AD - Fitness Equipment 0.00 0.00 (23,002.96) 0.00 0.00 0.00 0.00 0.00 (23,002.96) 0.00 (23,002.96)

17540 AD - Furniture & Equipment (8,370.91) 0.00 (80,562.19) 0.00 0.00 0.00 0.00 0.00 (88,933.10) 0.00 (88,933.10)

17590 AD - Clubhouse Building 0.00 0.00 (2,683,702.29) 0.00 0.00 0.00 0.00 0.00 (2,683,702.29) 0.00 (2,683,702.29)

Total Other Assets $3,416,809.31 $132,961.93 $6,233,900.36 $0.00 $7,575.69 $0.00 $0.00 $0.00 $9,658,285.36 $132,961.93 $9,791,247.29

TOTAL OTHER ASSETS $3,535,029.52 $328,956.06 $6,287,620.34 $0.00 $33,166.16 $0.00 $15,540.84 $0.00 $9,871,356.86 $328,956.06 $10,200,312.92

TOTAL ASSETS $4,086,548.13 $2,738,595.66 $7,189,500.53 $1,184,272.32 $20,205.76 $3,271,093.61 ($14,231.46) $0.00 $11,282,022.96 $7,193,961.59 $18,475,984.55

LIABILITIES

20000 Prepaid - Assessments 341,438.36 0.00 112,310.43 0.00 29,902.86 0.00 0.00 0.00 483,651.65 0.00 483,651.65

20120 AP - Account Setup Fees 615.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 615.00 0.00 615.00

20135 AP - Precollection Fees (200.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (200.00) 0.00 (200.00)

20140 AP - Transfer to Collections (700.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (700.00) 0.00 (700.00)

20200 AP - NSF Fees 1,325.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,325.00 0.00 1,325.00

20300 AP - Homeowner Refunds 2,538.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,538.51 0.00 2,538.51

20400 AP - Pending Unclaimed Property 23,786.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23,786.07 0.00 23,786.07

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8290 ARVILLE STREET

Las Vegas NV 89139


20500 AP - Sales/Use Tax 0.00 0.00 57.22 0.00 0.00 0.00 0.00 0.00 57.22 0.00 57.22

21530 Refundable AGC Deposits 189,920.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189,920.00 0.00 189,920.00

22000 AP - Open 55,471.82 11,820.00 0.00 0.00 0.00 0.00 0.00 0.00 55,471.82 11,820.00 67,291.82

22100 Accrued Expenses 55,467.75 0.00 59,031.90 0.00 11,674.27 0.00 1,726.00 0.00 127,899.92 0.00 127,899.92

22150 Insurance Payable 13,694.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,694.00 0.00 13,694.00

23000 Loan Payable - TCTC 0.00 0.00 1,795,332.18 0.00 0.00 0.00 0.00 0.00 1,795,332.18 0.00 1,795,332.18

23020 Loan Payable - Common 3,738,809.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,738,809.41 0.00 3,738,809.41

TOTAL LIABILITIES $4,422,165.92 $11,820.00 $1,966,731.73 $0.00 $41,577.13 $0.00 $1,726.00 $0.00 $6,432,200.78 $11,820.00 $6,444,020.78

CONTRIBUTED CAPITAL

33000 Inventory Adjustment 0.00 0.00 2,156.75 0.00 0.00 0.00 0.00 0.00 2,156.75 0.00 2,156.75

39500 Members' Equity (633,911.62) 2,735,989.58 5,148,820.82 1,173,842.79 (23,887.11) 3,212,651.47 (22,538.90) 0.00 4,468,483.19 7,122,483.84 11,590,967.03

Excess of Revenue/Expenditures $298,293.83 ($9,213.92) $71,791.23 $10,429.53 $2,515.74 $58,442.14 $6,581.44 $0.00 $379,182.24 $59,657.75 $438,839.99

TOTAL EQUITY ($335,617.79) $2,726,775.66 $5,222,768.80 $1,184,272.32 ($21,371.37) $3,271,093.61 ($15,957.46) $0.00 $4,849,822.18 $7,182,141.59 $12,031,963.77

TOTAL LIABILITIES & EQUITY $4,086,548.13 $2,738,595.66 $7,189,500.53 $1,184,272.32 $20,205.76 $3,271,093.61 ($14,231.46) $0.00 $11,282,022.96 $7,193,961.59 $18,475,984.55

The Association is in compliance with paragraph (B) of subsection 2 of NRS 116.3115. The Reserve funds have not been used for daily maintenance.

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SOME Balance Sheet

SOME Somersett Owners Association

Operating Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change From Change from

December December December December December December December December January February Prior Month Prior Year

Assets

Petty Cash 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 0.00 0.00

Bank of NV Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

US Bank Operating Cash 68,121.51 559,289.33 576,373.50 743,685.86 732,720.25 273,343.43 920,204.34 739,959.16 843,532.65 950,462.70 106,930.05 210,503.54

US Bank Merchant Deposits 5,191.73 5,983.19 8,860.85 12,039.38 5,565.10 5,005.17 6,397.37 19,352.32 5,401.16 5,120.06 (281.10) (14,232.26)

US Bank Operating ATM 6,501.65 13,543.42 5,961.95 7,662.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FIBN Merchant Deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FIBN ATM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

US Bank CC&R Transfer Fee 41,393.70 255,075.26 392,441.08 538,714.21 723,560.29 865,208.97 109,379.38 0.00 0.00 0.00 0.00 0.00

Pacific Western - Checking x6201 0.00 0.00 0.00 0.00 0.00 0.00 420,169.92 0.00 0.00 0.00 0.00 0.00

UBS Financial Svcs - Operating Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 424,973.19 425,491.63 425,981.66 490.03 1,008.47

Cash - ATM Machine 4,280.00 2,240.00 4,820.00 3,120.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Cash - Club Cash Registers 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 0.00 0.00

Cash In Transit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Due (To)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (191,450.96) 28,396.17 27,701.68 (694.49) 219,152.64

126,888.59 837,531.20 989,857.38 1,306,622.09 1,463,245.64 1,144,957.57 1,457,551.01 994,233.71 1,304,221.61 1,410,666.10 106,444.49 416,432.39


Assessment Delinquency 227,548.11 211,655.99 151,482.94 86,664.63 91,409.63 154,969.61 129,990.11 179,028.35 152,305.55 184,047.80 31,742.25 5,019.45

Fine Delinquency 51,107.35 69,025.00 69,584.00 28,146.00 74,414.00 100,400.00 79,494.00 48,800.00 50,300.00 51,050.00 750.00 2,250.00

Misc Homeowner Delinquency 46,677.51 34,526.26 28,803.49 24,701.80 26,170.31 35,764.51 39,761.18 93,524.06 96,615.04 101,109.59 4,494.55 7,585.53

Allowance for Bad Debt (186,981.81) (181,666.30) (138,454.08) (124,284.11) (112,626.10) (124,057.93) (103,695.00) (123,985.89) (123,135.89) (123,135.89) 0.00 850.00

Unapplied Payments 0.00 (4,212.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Homeowner Delinquency 138,351.16 129,328.95 111,416.35 15,228.32 79,367.84 167,076.19 145,550.29 197,366.52 176,084.70 213,071.50 36,986.80 15,704.98

Other Assets

AR-Other 817.56 0.00 38.64 0.00 2,250.00 2,609.00 2,758.49 1,973.00 652.00 1,177.00 525.00 (796.00)

AR-Welcome Center 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

AR-Members 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

AR-Developer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Due (To)/From Reserve 0.00 0.00 0.00 0.00 0.00 4,231.73 12,719.28 (105,317.64) (105,317.64) (105,317.64) 0.00 0.00

Inventory - Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventory - Non-Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 1,287.40 1,286.50 1,283.75 (2.75) (3.65)

Inventory - Food 0.00 0.00 0.00 0.00 0.00 0.00 873.00 873.00 873.00 0.00 0.00

Prepaid Expenses 364.51 14,584.60 15,554.92 15,652.01 215.25 11,314.93 16,564.69 57,712.03 26,417.43 24,806.49 (1,610.94) (32,905.54)

Accounts Receivabe - Summit Eng 8,750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Prepaid Insurance 22,974.52 43,639.74 23,872.56 50,572.48 20,872.58 58,765.22 50,517.09 30,084.79 27,689.05 25,293.31 (2,395.74) (4,791.48)

Prepaid FIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventory-Short Course 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Inventory-Gate Clickers 19,860.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Deposit - NV Energy 10,765.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FA-Clubhouse Land 392,100.00 392,100.00 674,074.05 3,275,564.43 3,275,564.43 3,275,564.43 3,275,564.43 3,208,977.43 3,208,977.43 3,208,977.43 0.00 0.00

FA-Golf Course Purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 66,587.00 66,587.00 66,587.00 0.00 0.00

FA-Canyon 9 Golf Course 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 0.00 0.00

FA-Golf Amenities 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 26,407.89 26,407.89 26,407.89 0.00 0.00

FA-Office Equipment 40,652.97 41,686.09 120,018.69 129,298.06 129,328.11 142,913.28 134,091.29 152,883.32 152,883.32 152,883.32 0.00 0.00

FA-Pool Furniture & Equipment 25,708.49 32,414.43 38,710.35 54,087.36 54,087.36 54,087.36 60,794.44 68,173.51 68,173.51 68,173.51 0.00 0.00

FA-Equipment-Other 61,181.09 161,063.71 148,504.16 150,242.16 150,242.16 169,819.86 169,819.86 126,297.46 126,297.46 128,747.46 2,450.00 2,450.00

FA-TCTC Furn & Equipment 53,801.13 85,059.41 74,315.11 74,315.11 80,085.11 202,669.13 176,719.61 177,029.33 177,029.33 177,029.33 0.00 0.00

FA-Cardio Equipment-Lease 63,562.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

FA-Clubhouse Building 8,057,100.00 8,057,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 0.00 0.00

Fixed Asset - Foreclosed Unit 373,515.90 0.00 0.00 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 0.00 0.00

AD-Golf Amenities (19,756.55) (21,001.79) (22,247.12) (23,492.38) (24,218.79) (24,218.79) (24,218.79) (18,693.33) (18,833.40) (18,973.44) (140.04) (280.11)

AD-Golf Course Purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (65,477.22) (66,587.00) (66,587.00) 0.00 (1,109.78)

AD-Office Equipment (25,267.70) (31,474.42) (94,020.26) (110,991.39) (120,597.69) (125,986.78) (123,083.34) (135,225.06) (135,160.88) (135,715.32) (554.44) (490.26)

AD-Pool Furniture & Equipment (11,842.70) (17,020.33) (21,941.13) (29,874.06) (36,850.85) (42,475.08) (47,987.63) (54,452.00) (54,823.85) (55,318.69) (494.84) (866.69)

AD-TCTC Furn & Equip/Other (71,955.34) (98,172.32) (57,833.00) (85,378.04) (112,749.53) (132,104.69) (154,342.34) (18,850.99) (20,926.98) (23,002.96) (2,075.98) (4,151.97)

AD - Furniture & Equipment 0.00 0.00 (56,639.60) (63,592.61) (65,501.36) (77,029.00) (66,194.59) (85,678.00) (87,305.55) (88,933.10) (1,627.55) (3,255.10)

AD-Cardio Equipment-Lease (50,320.74) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

AD-Clubhouse Building (1,302,307.80) (1,507,935.36) (1,650,226.88) (1,850,254.38) (2,050,281.87) (2,250,309.38) (2,450,336.88) (2,650,364.38) (2,667,033.33) (2,683,702.29) (16,668.96) (33,337.91)

Total Other Assets 8,573,922.08 8,076,262.55 8,117,499.28 10,563,963.85 10,280,260.01 10,247,666.32 10,011,200.71 9,737,823.85 9,680,881.60 9,658,285.36 (22,596.24) (79,538.49)

Total Assets 8,839,161.83 9,043,122.70 9,218,773.01 11,885,814.26 11,822,873.49 11,559,700.08 11,614,302.01 10,929,424.08 11,161,187.91 11,282,022.96 120,835.05 352,598.88 5

SOME Balance Sheet


Operating Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change From Change from

December December December December December December December December January February Prior Month Prior Year

Liabilities

Homeowner Prepayments 220,235.62 225,952.96 343,594.07 348,424.36 271,318.53 289,191.55 370,604.72 391,284.31 521,464.86 483,651.65 (37,813.21) 92,367.34

Set up Fees Payable 0.00 0.00 400.00 400.00 175.00 400.00 0.00 0.00 0.00 0.00 0.00 0.00

Account Set-up Fees Payable 2,250.00 3,075.00 4,900.00 10,525.00 11,650.00 12,250.00 305.00 (10.00) 890.00 615.00 (275.00) 625.00

AP - Precollection Fees 0.00 0.00 0.00 780.00 180.00 (43.00) 500.00 0.00 (225.00) (200.00) 25.00 (200.00)

AP-Transfer to Collections 210.00 330.00 450.00 1,160.00 1,610.00 1,445.00 525.00 (525.00) (175.00) (700.00) (525.00) (175.00)

AP - NSF Fees 0.00 0.00 0.00 0.00 0.00 525.00 1,425.00 1,275.00 1,400.00 1,325.00 (75.00) 50.00

Homeowner Refunds 1,858.83 3,183.39 2,364.52 2,815.52 33,354.48 2,377.70 5,381.51 965.51 5,121.51 2,538.51 (2,583.00) 1,573.00

Pending Unclaimed Property 636.00 2,454.83 1,818.83 1,818.83 60.00 3,887.79 17,869.19 23,694.07 23,694.07 23,786.07 92.00 92.00

Sales/Use Tax Payable 352.26 367.70 393.89 476.07 226.06 141.61 37.18 56.62 56.77 57.22 0.45 0.60

Accrued Sales Tax - Capital Lease Payable 1,637.75 1,219.55 801.35 383.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Deposit-Homeowner Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Refundable AGC Deposits 51,550.00 66,150.00 62,065.00 99,000.00 135,190.00 158,790.00 184,765.00 199,270.00 199,845.00 189,920.00 (9,925.00) (9,350.00)

AP-Open 33,168.32 24,702.57 56,400.05 193,820.29 214,758.17 120,139.35 367,283.56 238,225.03 23,369.33 55,471.82 32,102.49 (182,753.21)

AP-Other 49,859.46 0.00 0.00 0.00 563.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Developer Subsidy Payable 59,907.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accured FIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accrued Loan Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Capital Lease Payable - First Federal 26,916.77 21,641.68 15,496.58 8,338.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Capital Lease Payable - American Leasing 14,530.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Accrued Expenses 18,935.71 74,539.47 61,425.12 26,964.56 141,695.29 202,866.78 163,220.09 57,012.29 118,460.44 127,899.92 9,439.48 70,887.63

Consolidated Loan 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

2013 Amenity Lease Payable 0.00 0.00 100,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Insurance Payable 0.00 0.00 0.00 0.00 0.00 673.00 13,694.00 13,694.00 13,694.00 13,694.00 0.00 0.00

Loan Payable-TCTC 2,752,436.97 2,609,602.97 2,459,461.34 2,301,638.18 2,135,755.21 1,961,370.66 1,901,696.12 1,795,234.04 1,803,022.28 1,795,332.18 (7,690.10) 98.14

Loan Payable-Canyon 9 589,808.29 559,201.08 527,027.93 493,208.76 457,662.52 420,294.50 0.00 0.00 0.00 0.00 0.00 0.00

Loan Payable - SGCC Land Purchase 0.00 0.00 0.00 2,490,659.99 2,354,483.92 2,210,495.03 3,960,951.73 3,738,604.62 3,754,854.18 3,738,809.41 (16,044.77) 204.79

Deferred Income 950.00 0.00 0.00 0.00 0.00 15,393.12 0.00 0.00 0.00 0.00 0.00 0.00

Total Liabilities 3,825,243.89 3,592,421.20 3,636,598.68 5,980,413.22 5,758,682.18 5,400,198.09 6,988,258.10 6,458,780.49 6,465,472.44 6,432,200.78 (33,271.66) (26,579.71)

Equity

Inventory Adjustment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,160.40 2,159.50 2,156.75 (2.75) (3.65)

CC&R Transfer Fee 153,834.39 262,075.21 402,291.36 552,694.37 735,353.39 735,353.39 0.00 0.00 0.00 0.00 0.00 0.00

Interfund Transfer 24,704.49 129,603.87 16,690.69 19,108.40 13,354.46 97,124.78 9,624.82 146,830.49 0.00 0.00 0.00 (146,830.49)

Prior Period Adjustment 0.00 0.00 0.00 100,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Members' Equity 5,084,712.45 4,861,372.20 5,093,887.19 5,031,390.48 5,350,522.91 5,335,603.41 5,593,366.98 4,403,529.43 4,468,483.19 4,468,483.19 0.00 64,953.76

Excess of Revenues/Expenditures (249,333.39) 197,650.22 69,305.09 202,207.79 (35,039.45) (8,579.59) (976,947.89) (81,876.73) 225,072.78 379,182.24 154,109.46 461,058.97

Total Equity 5,013,917.94 5,450,701.50 5,582,174.33 5,905,401.04 6,064,191.31 6,159,501.99 4,626,043.91 4,470,643.59 4,695,715.47 4,849,822.18 154,106.71 379,178.59

Total Liabilities & Equity 8,839,161.83 9,043,122.70 9,218,773.01 11,885,814.26 11,822,873.49 11,559,700.08 11,614,302.01 10,929,424.08 11,161,187.91 11,282,022.96 120,835.05 352,598.88

6

SOME Balance Sheet


Reserve Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change from Change from

Assets December December December December December December December December January February Prior Month Prior Year

US Bank Checking 2,573,649.13 530,962.34 483,483.88 115,468.14 412,343.95 712,848.48 722,027.04 2,737,024.75 3,061,364.88 3,019,077.64 (42,287.24) 282,052.89Bank of NV Money Market 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00FIB CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Bank of NV CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Metro CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Bank United Money Market 244,601.73 245,617.69 246,476.27 247,337.85 248,200.43 249,172.00 1,287.19 1,292.65 1,292.92 1,293.18 0.26 0.53UBS Financial Services - Cash 0.00 0.00 0.00 0.00 52,535.63 41,805.15 305,393.46 179,306.42 180,285.91 181,269.66 983.75 1,963.24UBS Financial Services - Portfolio 0.00 0.00 0.00 1,000,000.00 958,000.00 2,996,000.00 2,485,000.00 3,447,000.00 3,447,000.00 3,447,000.00 0.00 0.00US Bank Money Market #5651 0.00 2,653,712.52 2,158,394.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Pacific Western Bank MM 0.00 0.00 0.00 0.00 249,049.46 249,174.02 243,582.52 244,010.55 244,039.56 244,066.71 27.15 56.16Capital One Money Market 248,411.89 247,901.29 249,393.16 248,271.31 249,460.54 251,258.30 237,268.70 0.00 0.00 0.00 0.00 0.00Fidelity Investment -Cash 0.00 0.00 0.00 0.00 0.00 52,746.75 307,320.30 0.00 0.00 0.00 0.00 0.00Fidelity Investment Brokerage Account 0.00 0.00 500,000.00 505,085.91 505,085.91 465,000.00 220,000.00 0.00 0.00 0.00 0.00 0.00Pacific Western Bank 0.00 0.00 250,000.00 250,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Union Bank - MM X6092 0.00 0.00 0.00 2,156,150.85 2,160,455.28 160,387.21 1,450.94 0.00 0.00 0.00 0.00 0.00Cash in Transit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due (to)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 191,450.96 (28,396.17) (27,701.66) 694.51 (219,152.62)

Total Cash 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,835,131.20 5,178,391.91 4,523,330.15 6,800,085.33 6,905,587.10 6,865,005.53 (40,581.57) 64,920.20


AR - Special Assessment Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 210,882.81 195,994.13 (14,888.68) (55,591.55)

Total Homeowner Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 210,882.81 195,994.13 (14,888.68) (55,591.55)

Other Assets

A/R Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Unamortized Discount 0.00 0.00 0.00 0.00 0.00 (18.77) 0.00 (316.85) (288.04) (259.23) 28.81 57.62Accrued Interest Receivable 0.00 0.00 0.00 0.00 3,717.38 13,909.80 10,837.54 8,014.69 13,176.41 17,744.48 4,568.07 9,729.79Unamortized Premium 0.00 0.00 0.00 0.00 4,399.02 16,422.38 8,932.58 10,946.92 10,552.98 10,159.04 (393.94) (787.88)Due (To)/From Reserves 0.00 0.00 0.00 0.00 0.00 (4,231.73) (12,719.28) 105,317.64 105,317.64 105,317.64 0.00 0.00

Total Other Assets 0.00 0.00 0.00 0.00 8,116.40 26,081.68 7,050.84 123,962.40 128,758.99 132,961.93 4,202.94 8,999.53

Total Assets 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,843,247.60 5,204,473.59 4,530,380.99 7,175,633.41 7,245,228.90 7,193,961.59 (51,267.31) 18,328.18

Liabilities

Prepaid - SPA Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00AP Open 16,387.70 0.00 8,550.00 2,044.73 5,641.11 21,720.71 21,154.95 22,981.07 41,544.39 11,820.00 (29,724.39) -11,161.07Capital Lease Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Expenses 1,498.22 0.00 0.00 0.00 0.00 40,030.84 0.00 30,168.50 26,116.00 0.00 (26,116.00) -30,168.50

Total Liabilities 17,885.92 0.00 8,550.00 2,044.73 5,641.11 61,751.55 21,154.95 53,149.57 67,660.39 11,820.00 (55,840.39) (41,329.57)

Equity

Interfund Transfer (24,704.49) (129,603.87) (16,690.69) (19,108.40) (13,354.46) (97,124.78) (9,624.82) (146,830.49) 0.00 0.00 0.00 146,830.49Prior Period Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Members' Equity 2,537,822.80 3,048,776.83 3,678,193.84 3,873,657.71 4,523,871.56 4,828,419.49 4,520,831.63 4,613,222.71 7,122,483.84 7,122,483.84 0.00 2,509,261.13Excess of Revenues/Expenditures 535,658.52 759,020.88 217,694.81 665,720.02 327,089.39 411,427.33 (1,980.77) 2,656,091.62 55,084.67 59,657.75 4,573.08 (2,596,433.87)

Total Equity 3,048,776.83 3,678,193.84 3,879,197.96 4,520,269.33 4,837,606.49 5,142,722.04 4,509,226.04 7,122,483.84 7,177,568.51 7,182,141.59 4,573.08 59,657.75

Total Liabilities & Equity 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,843,247.60 5,204,473.59 4,530,380.99 7,175,633.41 7,245,228.90 7,193,961.59 (51,267.31) 18,328.18

7

03/31/2020 12:58:02 PM SOA Consolidated Statement of Revenue & ExpensesSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea

TCTC Gates TownSquare

TOTAL CommonArea


TOTAL

Operating Operating Operating Operating Operating Reserve Reserve Reserve Reserve Reserve

REVENUE

40005 Assessments 664,440 347,456 94,224 17,201 1,123,321 0 0 0 0 0

40015 Assessment - Commercial 15,782 0 0 0 15,782 0 0 0 0 0

40020 Assessment - Non Member Country Club 922 4,145 0 0 5,067 0 0 0 0 0

41000 Reserve Transfer 0 0 0 0 0 71,667 58,833 50,833 0 181,333

43500 Special Assessments 0 0 0 0 0 0 0 0 0 0

45000 CC&R Transfer Fee 22,683 0 0 0 22,683 0 0 0 0 0

45125 Arc & Landscape Review Fees 1,250 0 0 0 1,250 0 0 0 0 0

45156 Late Fee 11,000 0 0 0 11,000 0 0 0 0 0

45245 Fines 1,150 0 0 0 1,150 0 0 0 0 0

45405 Gate Transmitters/Clickers 0 0 500 0 500 0 0 0 0 0

45550 Activity Fee 0 15,285 0 0 15,285 0 0 0 0 0

45560 Massage Fee 0 8,627 0 0 8,627 0 0 0 0 0

45565 Guest Fees for Facility 0 1,722 0 0 1,722 0 0 0 0 0

45570 Instruction Revenue 0 2,730 0 0 2,730 0 0 0 0 0

45580 Kids Camp 0 4,568 0 0 4,568 0 0 0 0 0

45645 Interest - Financial 1,032 0 0 0 1,032 3,779 4,123 9,276 0 17,177

45646 Interest - HO 1,146 0 0 0 1,146 0 0 0 0 0

45925 Sales - Other, Non Alcohol 0 7 0 0 7 0 0 0 0 0

46005 Green Fee/Equip Rental/Merch 1,888 0 0 0 1,888 0 0 0 0 0

90000 Reserve Transfer (71,667) (58,833) (50,833) 0 (181,333) 0 0 0 0 0

TOTAL REVENUE $649,627 $325,708 $43,891 $17,201 $1,036,427 $75,446 $62,956 $60,109 $0 $198,510

EXPENSES

Payroll and Benefits

60005 P/R - Administrative 54,616 77,879 12,464 3,452 148,411 0 0 0 0 0

Total Payroll and Benefits $54,616 $77,879 $12,464 $3,452 $148,411 $0 $0 $0 $0 $0

Landscaping

70005 L/S - Contract 161,006 650 0 4,630 166,286 0 0 0 0 0

71005 L/S - Renovations/Improvements 0 0 0 0 0 14,726 0 0 0 14,726

71040 L/S - Ditch Maintenance 2,179 0 0 0 2,179 0 0 0 0 0

Page 1 of


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8



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


Total Landscaping $163,185 $650 $0 $4,630 $168,465 $14,726 $0 $0 $0 $14,726

Repairs and Maintenance

72000 R/M - Maintenance Allocation 8,212 16,428 8,212 0 32,852 0 0 0 0 0

72050 R/M - Fences,Signs,Rock Walls, Misc 0 0 0 0 0 9,030 0 0 0 9,030

72090 R/M - Snow Plowing & Sanding 1,100 0 4,910 2,038 8,048 0 0 0 0 0

72142 Excercise Equipment 0 0 0 0 0 0 587 0 0 587

72200 R/M - Janitorial Supplies 152 63 0 0 214 0 0 0 0 0

72220 Gate Maintenance 0 0 965 0 965 0 0 0 0 0

72225 Gate - Clickers 888 0 0 0 888 0 0 0 0 0

72235 Loan Interest - Common 32,426 0 0 0 32,426 0 0 0 0 0

72240 C9 Operations 22,917 0 0 0 22,917 0 0 0 0 0

72298 Pool/Spa - Chemicals 0 4,321 0 0 4,321 0 0 0 0 0

72300 Pool/Spa Service Contract 0 925 0 0 925 0 0 0 0 0

72310 Pool/Spa - Repairs & Supplies 0 618 0 0 618 0 0 0 0 0

72317 Pool - Utilities 0 7,072 0 0 7,072 0 0 0 0 0

72368 Activity Supplies 0 2,397 0 0 2,397 0 0 0 0 0

72385 R/M - Paving 0 0 0 0 0 36,373 0 0 0 36,373

72420 R/M - Floor 0 0 0 0 0 0 15,350 0 0 15,350

72440 R/M - Building 0 335 0 0 335 0 0 0 0 0

72444 Outdoor Equipment (Canyon 9) 0 0 0 0 0 22,864 0 0 0 22,864

72450 R/M - Paint 0 0 0 0 0 0 24,288 0 0 24,288

72455 R/M - Pool 0 0 0 0 0 0 10,634 0 0 10,634

72480 Contracted Services 2,648 28,079 3,688 0 34,414 0 0 0 0 0

Total Repairs and Maintenance $68,341 $60,238 $17,775 $2,038 $148,392 $68,267 $50,860 $0 $0 $119,127

Building Maintenance

76030 Complimentary Supplies 0 2,402 0 0 2,402 0 0 0 0 0

Total Building Maintenance $0 $2,402 $0 $0 $2,402 $0 $0 $0 $0 $0

Utilities

74005 Electricity 4,791 2,165 76 0 7,033 0 0 0 0 0

74035 C9 Electricity 342 0 0 0 342 0 0 0 0 0

74065 Water 4,397 770 0 0 5,168 0 0 0 0 0

Page 2 of


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9



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


74070 Sewer & Waste Removal 98 2,545 0 0 2,642 0 0 0 0 0

74095 Gas 0 3,477 0 0 3,477 0 0 0 0 0

74125 Telephone 66 807 5,242 0 6,115 0 0 0 0 0

Total Utilities $9,694 $9,765 $5,318 $0 $24,777 $0 $0 $0 $0 $0

Community Safety

75085 Patrol Service 10,310 928 3,733 0 14,971 0 0 0 0 0

Total Community Safety $10,310 $928 $3,733 $0 $14,971 $0 $0 $0 $0 $0

Administrative

77015 Fees & Permits 233 268 0 0 501 0 0 0 0 0

77020 Account Reimbursable 4,010 0 0 0 4,010 0 0 0 0 0

77050 Collection Cost 251 0 0 0 251 0 0 0 0 0

77055 Town Square Assessments 0 11,159 0 0 11,159 0 0 0 0 0

77070 Reserve Study Preparation 0 0 0 0 0 1,667 1,667 1,667 0 5,000

77110 Travel/Mileage Expense 0 678 0 0 678 0 0 0 0 0

77125 Recruitment/Employee Relations 0 300 0 0 300 0 0 0 0 0

77135 Education/Training 310 0 0 0 310 0 0 0 0 0

77200 Management Fees 13,004 3,879 690 500 18,073 0 0 0 0 0

77230 Office Supplies 6 346 0 0 352 0 0 0 0 0

77260 Postage/Printing 699 0 0 0 699 0 0 0 0 0

77270 Community Website & Newsletter 126 402 0 0 528 0 0 0 0 0

77290 Mobile Phones/Radios 0 655 0 0 655 0 0 0 0 0

77350 Community Events 106 0 0 0 106 0 0 0 0 0

77530 Bank/Credit Card Service Charges 70 921 0 0 991 0 0 0 0 0

77630 Massage Therapist Payout 0 6,490 0 0 6,490 0 0 0 0 0

77632 Fitness Instructors 0 12,182 0 0 12,182 0 0 0 0 0

77645 R/M - Fitness Supplies 0 387 0 0 387 0 0 0 0 0

77707 Summer Camp 0 65 0 0 65 0 0 0 0 0

77730 Architect Review - Landscape & Custom 6,386 0 0 0 6,386 0 0 0 0 0

77740 Consulting/Professional Service 1,255 0 0 0 1,255 0 0 0 0 0

77760 Legal Fees 10,431 0 0 0 10,431 0 0 0 0 0

77765 Rockery Wall Lawsuit 1,031 0 0 0 1,031 0 0 0 0 0

77900 Loan Interest - TCTC 0 15,541 0 0 15,541 0 0 0 0 0

Page 3 of


4

10



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


77950 Depreciation Expense 1,390 42,102 0 0 43,492 0 0 0 0 0

Total Administrative $39,308 $95,376 $690 $500 $135,873 $1,667 $1,667 $1,667 $0 $5,000

Taxes and Insurance

78005 Taxes - Real Property 381 0 0 0 381 0 0 0 0 0

78025 Taxes - Personal Property 758 0 0 0 758 0 0 0 0 0

78105 Ins - Liability & Property 1,894 6,679 1,396 0 9,969 0 0 0 0 0

78190 Ins - Directors & Officers 2,763 0 0 0 2,763 0 0 0 0 0

78240 Ins - Workmens Comp 83 0 0 0 83 0 0 0 0 0

Total Taxes and Insurance $5,878 $6,679 $1,396 $0 $13,953 $0 $0 $0 $0 $0

TOTAL EXPENSES $351,333 $253,917 $41,375 $10,620 $657,244 $84,660 $52,526 $1,667 $0 $138,853

EXCESS OF REVENUES/EXPENSES $298,294 $71,791 $2,516 $6,581 $379,182 ($9,214) $10,430 $58,442 $0 $59,658

Page 4 of


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11

SOME - Variance Analysis

Project title:

Period covered: 2/29/2020

Operating

GL Expenditure Budgeted Variance Reason for the variance Follow up action?

74005 Electricity 1,500$ (1,664)$ usage based on actuals N/A

74065 Water 2,000$ (1,251)$ usage based on actuals N/A

77260 Postage/Printing 500$ (7,220)$ Includes November Billing & 2020 Budget Mailing N/A

60005 P/R - Admin 27,500$ (1,450)$ Accounting over accrued January expense N/A

72480 Contracted Service 11,263$ 9,101$ Budgeted amount includes Fire Fuel 100k cost Adjust monthly expense next month

77020 Account Reimb 800$ (3,210)$ Includes annual storage expense N/A

Reserve


71005 LS - Renov/Improv -$ (11,216)$ Consulting fees for drainage maint & drainage channel clean-up expense

N/A

72385 R/M - Paving -$ (19,860)$ Grad-ex low spot asphalt repair N/A

GENERAL COMMON

03/31/2020 12:59:42 PM SOA Statement of Revenue & Expenses -Common Area Operating Fund

SOME Somersett Owners Association02/29/2020

FIRSTSERVICE RESIDENTIAL, NEVADA, LLC

8290 ARVILLE STREET

Las Vegas NV 89139

GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget

REVENUE

40005 Assessments 332,220 332,010 210 664,440 664,020 420 4,001,760

40015 Assessment - Commercial 7,891 7,891 0 15,782 15,782 0 94,689

40020 Assessment - Non Member Country Club 469 470 (1) 922 941 (19) 5,645

40021 Bad Debt - Contra 0 0 0 0 (1,000) 1,000 (10,000)

43500 Special Assessments 0 0 0 0 0 0 0

45000 CC&R Transfer Fee 3,693 13,000 (9,307) 22,683 23,000 (317) 175,000

45125 Arc & Landscape Review Fees 875 3,500 (2,625) 1,250 6,700 (5,450) 43,000

45156 Late Fee 3,600 1,200 2,400 11,000 2,700 8,300 15,000

45245 Fines 800 300 500 1,150 600 550 3,600

45645 Interest - Financial 499 67 432 1,032 133 899 800

45646 Interest - HO 575 100 475 1,146 200 946 1,200

45800 Loan Payment Carryover 0 (15,901) 15,901 0 (32,259) 32,259 (197,725)

46005 Green Fee/Equip Rental/Merch 1,414 300 1,114 1,888 800 1,088 34,000

46015 Community Event Revenue 0 0 0 0 0 0 500

46475 SGCC Lease 0 500 (500) 0 1,700 (1,700) 29,120

90000 Reserve Transfer (35,833) (35,833) 0 (71,667) (71,667) 0 (430,000)

TOTAL REVENUE $316,203 $307,604 $8,599 $649,627 $611,650 $37,977 $3,766,589

EXPENSES

Landscaping

70005 L/S - Contract 80,048 82,048 2,000 161,006 164,097 3,090 984,579

70025 L/S - Repairs/Maintenance 0 500 500 0 700 700 50,000

71005 L/S - Renovations/Improvements 0 0 0 0 0 0 40,000

71040 L/S - Ditch Maintenance 0 0 0 2,179 0 (2,179) 18,500

71225 L/S - Irrigation 0 0 0 0 0 0 15,000

71450 L/S - East Park 0 0 0 0 0 0 500

72090 R/M - Snow Plowing & Sanding 0 20,000 20,000 1,100 30,000 28,901 40,000

Total Landscaping $80,048 $102,548 $22,500 $164,284 $194,797 $30,512 $1,148,579

Utilities and Maintenance

72000 R/M - Maintenance Allocation 4,106 4,400 294 8,212 8,800 588 54,060

74005 Electricity 3,164 1,500 (1,664) 4,791 2,900 (1,891) 37,000

74035 C9 Electricity 143 500 357 342 1,500 1,158 7,000

74065 Water 3,251 2,000 (1,251) 4,397 3,800 (597) 400,500

74070 Sewer & Waste Removal 49 49 0 98 98 1 590

74125 Telephone 32 35 3 66 70 4 420

72462 Contingency 0 0 0 0 0 0 564,486

Total Utilities and Maintenance $10,745 $8,484 ($2,261) $17,906 $17,168 ($737) $1,064,056

General and Administrative

77200 Management Fees 6,453 6,450 (3) 13,004 12,900 (103) 77,728

77230 Office Supplies 6 300 294 6 500 494 5,000

77260 Postage/Printing 160 4,000 3,840 699 4,500 3,801 35,000

60005 P/R - Administrative 28,950 27,500 (1,450) 54,616 55,000 384 352,500

72480 Contracted Services 2,163 11,263 9,101 2,648 22,527 19,879 135,160

77740 Consulting/Professional Service 715 2,000 1,285 1,255 4,000 2,745 30,000

77750 Audit & Tax Service 0 0 0 0 0 0 3,900

77760 Legal Fees 2,150 5,000 2,850 10,431 15,000 4,569 100,000

77765 Rockery Wall Lawsuit 0 5,000 5,000 1,031 15,000 13,969 100,000

77770 Rock Wall Monitoring 0 0 0 0 0 0 21,250Page 1 of


2

12

03/31/2020 12:59:42 PM SOA Statement of Revenue & Expenses -Common Area Operating Fund



8290 ARVILLE STREET

Las Vegas NV 89139


77530 Bank/Credit Card Service Charges 35 35 0 70 70 0 420

77015 Fees & Permits 275 0 (275) 233 0 (233) 24,000

77050 Collection Cost 0 0 0 251 0 (251) 0

77135 Education/Training 0 0 0 310 0 (310) 1,000

77950 Depreciation Expense 140 0 (140) 1,390 1,600 210 6,400

78005 Taxes - Real Property 0 0 0 381 5,000 4,619 26,870

78025 Taxes - Personal Property 758 0 (758) 758 0 (758) 0

77020 Account Reimbursable 4,010 800 (3,210) 4,010 1,300 (2,710) 12,000

Total General and Administrative $45,814 $62,349 $16,535 $91,093 $137,397 $46,304 $931,228

AGC Expenses

77730 Architect Review - Landscape & Custom 36 0 (36) 6,386 10,200 3,814 43,200

Total AGC Expenses $36 $0 ($36) $6,386 $10,200 $3,814 $43,200

C9 Operations and Community Access

72235 Loan Interest - Common 16,176 16,314 137 32,426 32,169 (257) 188,846

72240 C9 Operations 22,917 22,083 (833) 22,917 44,167 21,250 265,000

Total C9 Operations and Community Access $39,093 $38,397 ($696) $55,342 $76,336 $20,993 $453,846

Patrol/Community Events

75085 Patrol Service 5,044 5,236 192 10,310 10,472 161 62,830

76035 Canyon Nine Operational Expenses 0 0 0 0 0 0 7,500

77350 Community Events 25 600 575 106 600 494 17,000

77270 Community Website & Newsletter 63 120 57 126 195 69 4,300

Total Patrol/Community Events $5,133 $5,956 $823 $10,542 $11,267 $725 $91,630

Insurance

78105 Ins - Liability & Property 947 854 (93) 1,894 1,708 (186) 10,250

78190 Ins - Directors & Officers 1,382 1,962 581 2,763 3,925 1,161 23,547

78240 Ins - Workmens Comp 41 21 (20) 83 42 (40) 253

Total Insurance $2,370 $2,838 $468 $4,740 $5,675 $935 $34,050

TOTAL EXPENSES $183,238 $220,571 $37,333 $350,293 $452,839 $102,546 $3,766,589

EXCESS OF REVENUE/EXPENSES $132,812 $87,033 $45,780 $298,294 $158,810 $139,484 $0

Page 2 of


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13

03/31/2020 1:02:33 PM SOA Statement of Revenue & Expenses -Common Area Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

41000 Reserve Transfer 35,833 35,833 0 71,667 71,667 0 430,000

45645 Interest - Financial 1,814 0 1,814 3,779 0 3,779 0

TOTAL REVENUE $37,648 $35,833 $1,814 $75,446 $71,667 $3,779 $430,000

EXPENSES

Landscaping

71005 L/S - Renovations/Improvements 11,216 0 (11,216) 14,726 0 (14,726) 143,496

71065 L/S - Tree Mapping 0 0 0 0 0 0 109,850

71205 Pathway - Trail Repairs 0 0 0 0 0 0 10,506

71225 L/S - Irrigation 0 0 0 0 0 0 114,246

Total Landscaping $11,216 $0 ($11,216) $14,726 $0 ($14,726) $378,098


72050 R/M - Fences,Signs,Rock Walls, Misc 7,405 8,865 1,460 9,030 17,730 8,700 106,380

72100 R/M - Lighting Maintenance 0 0 0 0 0 0 7,804

72265 Lake/Pond Repair 0 0 0 0 0 0 157,594

72385 R/M - Paving 19,860 0 (19,860) 36,373 0 (36,373) 0

72400 R/M - Concrete Borders 0 0 0 0 0 0 34,898

72411 R/M - Golf Cart Equipment 0 0 0 0 0 0 8,959

72440 R/M - Building 0 0 0 0 0 0 7,380

72442 Golf Course Outdoor Equipment - Ben 0 0 0 0 0 0 21,834

72443 Pump Replacement 0 0 0 0 0 0 31,519

72444 Outdoor Equipment (Canyon 9) 0 0 0 22,864 0 (22,864) 114,790

Total Repairs and Maintenance $27,265 $8,865 ($18,400) $68,267 $17,730 ($50,537) $491,158

Administrative

77070 Reserve Study Preparation 1,667 0 (1,667) 1,667 0 (1,667) 0

77230 Office Supplies 0 0 0 0 0 0 1,938

Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $1,938

TOTAL EXPENSES $40,148 $8,865 ($31,283) $84,660 $17,730 ($66,930) $871,194

EXCESS OF REVENUES/EXPENSES ($2,500) $26,968 ($29,468) ($9,214) $53,937 ($63,151) ($441,194)

Page 1 of


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18


Project title:


Operating


72480 Contacted Service 11,000$ (8,131)$ Includes 2 mos of cleaning service billing and retro fitting of

exterior lightingN/A

72000 RM - Maint Alloc 8,800$ (3,522)$ Accounting under accred last month N/A

72310 Pool/Spa - Repairs -$ (618)$ charged invoice to wrong GLAccounting will adjust in March financials

72317 Pool - Utilities 1,500$ (3,655)$ January billing was higher than what accounting accrued, so it

was adjusted on February financialsN/A

74095 Gas 500$ (2,057)$ Accounting under accrued based on prior billing N/A

Reserve


72420 R/M - Floor -$ (15,350)$ 3rd Billing for downstairs carpet replacement N/A

72450 R/M - Paint -$ (14,000)$ Final billing for painting of downstairs N/A

TCTC

03/31/2020 1:00:44 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Operating FundSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

Assessment Revenue

40005 Assessments 173,728 173,609 119 347,456 347,219 237 2,097,552

40020 Assessment - Non Member Country Club 2,117 2,333 (217) 4,145 4,667 (521) 28,000

40021 Bad Debt - Contra 0 (833) 833 0 (1,667) 1,667 (10,000)


Total Assessment Revenue $146,428 $145,693 $735 $292,768 $291,385 $1,383 $1,762,552

Operations Revenue

45550 Activity Fee 2,529 3,000 (471) 15,285 19,000 (3,715) 60,000

45555 Swim Lesson Fee 0 0 0 0 0 0 10,000

45560 Massage Fee 4,205 1,000 3,205 8,627 3,000 5,627 25,000

45565 Guest Fees for Facility 1,290 750 540 1,722 1,500 222 16,000

45570 Instruction Revenue 580 1,000 (420) 2,730 2,300 430 14,000

45575 Private Party/Room Rental 0 0 0 0 350 (350) 4,350

45580 Kids Camp 446 1,000 (554) 4,568 3,500 1,068 90,700

Total Operations Revenue $9,050 $6,750 $2,300 $32,932 $29,650 $3,282 $220,050

Food & Beverage Revenue

45800 Loan Payment Carryover 0 (7,634) 7,634 0 (15,488) 15,488 (94,927)

45845 Sales - Snack Bar Food 0 50 (50) 0 50 (50) 16,000

45885 Sales - Alcohol 0 100 (100) 0 200 (200) 8,000

45925 Sales - Other, Non Alcohol 6 100 (94) 7 150 (143) 5,000

Total Food & Beverage Revenue $6 ($7,384) $7,389 $7 ($15,088) $15,095 ($65,927)

TOTAL REVENUE $155,484 $145,059 $10,425 $325,708 $305,948 $19,760 $1,916,675

EXPENSES

Cost of Sales

50005 COS - Snack Bar Supplies 0 0 0 0 0 0 2,200

50010 COS - Food 0 0 0 0 0 0 11,000

50015 COS - Alcohol 0 200 200 0 400 400 3,200

50025 COS - Non Alcohol 0 50 50 0 150 150 4,500

Total Cost of Sales $0 $250 $250 $0 $550 $550 $20,900

Operations

77630 Massage Therapist Payout 2,243 2,000 (243) 6,490 3,000 (3,490) 25,000

77632 Fitness Instructors 5,908 8,000 2,092 12,182 15,500 3,318 95,000

77645 R/M - Fitness Supplies 195 1,200 1,005 387 1,700 1,313 16,000

72368 Activity Supplies 2,309 2,000 (309) 2,397 3,100 703 25,000

77707 Summer Camp 65 0 (65) 65 0 (65) 27,000

60005 P/R - Administrative 40,516 43,000 2,484 77,879 86,000 8,121 743,500

77110 Travel/Mileage Expense 339 400 61 678 600 (78) 6,000

77125 Recruitment/Employee Relations 0 0 0 300 0 (300) 12,000

77290 Mobile Phones/Radios 100 450 350 655 900 245 5,400

Total Operations $51,675 $57,050 $5,375 $101,033 $110,800 $9,767 $954,900


77200 Management Fees 2,020 1,838 (182) 3,879 3,676 (203) 22,058

77230 Office Supplies 0 300 300 346 800 454 4,000

Page 1 of


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14

03/31/2020 1:00:44 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Operating FundSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139


77270 Community Website & Newsletter 147 200 53 402 400 (2) 10,000

72480 Contracted Services 19,131 11,000 (8,131) 28,079 21,000 (7,079) 132,595

75085 Patrol Service 369 317 (52) 928 633 (295) 3,800

78105 Ins - Liability & Property 3,340 3,012 (328) 6,679 6,024 (655) 36,145

77015 Fees & Permits 268 300 32 268 2,900 2,632 12,000

78005 Taxes - Real Property 0 0 0 0 0 0 1,400

77530 Bank/Credit Card Service Charges 524 500 (24) 921 800 (121) 5,500

77750 Audit & Tax Service 0 0 0 0 0 0 9,000

77760 Legal Fees 0 0 0 0 250 250 1,000

77950 Depreciation Expense 21,422 22,264 842 42,102 44,528 2,426 267,166

77055 Town Square Assessments 5,580 5,580 0 11,159 11,159 0 66,955

Total General and Administrative $52,799 $45,310 ($7,489) $94,763 $92,171 ($2,593) $571,619

Building Expense

72425 Special Projects - TCTC Expansion 0 0 0 0 0 0 50,000

72440 R/M - Building 0 2,000 2,000 335 4,000 3,665 50,000

70005 L/S - Contract 0 625 625 650 1,250 600 7,500

72000 R/M - Maintenance Allocation 12,322 8,800 (3,522) 16,428 17,600 1,172 106,300

72010 R/M - Supplies, Small Tools & Equipment 0 600 600 0 1,000 1,000 4,000

76030 Complimentary Supplies 869 1,500 631 2,402 2,300 (102) 16,270

72200 R/M - Janitorial Supplies 63 1,000 938 63 2,000 1,938 12,000

72298 Pool/Spa - Chemicals 2,175 500 (1,675) 4,321 1,500 (2,821) 17,000

72300 Pool/Spa Service Contract 925 200 (725) 925 400 (525) 5,000

72310 Pool/Spa - Repairs & Supplies 618 0 (618) 618 0 (618) 0

72317 Pool - Utilities 5,155 1,500 (3,655) 7,072 3,000 (4,072) 15,500

74005 Electricity 5,298 2,800 (2,498) 2,165 5,600 3,435 40,500

74065 Water 361 400 39 770 700 (70) 13,500

74070 Sewer & Waste Removal 766 500 (266) 2,545 1,200 (1,345) 10,000

74095 Gas 2,557 500 (2,057) 3,477 1,100 (2,377) 13,000

74125 Telephone 408 402 (6) 807 804 (3) 4,822

Total Building Expense $31,517 $21,327 ($10,190) $42,579 $42,454 ($125) $365,392

Club Loan

77900 Loan Interest - TCTC 7,753 7,832 79 15,541 15,444 (97) 90,664

Total Club Loan $7,753 $7,832 $79 $15,541 $15,444 ($97) $90,664

TOTAL EXPENSES $143,744 $131,769 ($11,975) $253,917 $261,419 $7,502 $2,003,475

EXCESS OF REVENUE/EXPENSES $11,740 $13,289 ($1,550) $71,791 $44,529 $27,262 ($86,800)

Page 2 of


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15

03/31/2020 1:03:58 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE



TOTAL REVENUE $31,396 $29,417 $1,979 $62,956 $58,833 $4,123 $353,000

EXPENSES


72100 R/M - Lighting Maintenance 0 0 0 0 0 0 42,657

72142 Excercise Equipment 587 0 (587) 587 0 (587) 0

72165 Snack Shack Appliance Replacement 0 0 0 0 0 0 1,860

72170 Appliance Replacement 0 0 0 0 0 0 11,442

72275 Tot Lot - Play Equipment 0 0 0 0 0 0 632,175

72310 Pool/Spa - Repairs & Supplies 0 0 0 0 0 0 60,848

72400 R/M - Concrete Borders 0 0 0 0 0 0 96,512

72410 R/M - Equipment 0 0 0 0 0 0 8,299

72420 R/M - Floor 15,350 0 (15,350) 15,350 0 (15,350) 57,792

72440 R/M - Building 0 0 0 0 0 0 103,432

72445 R/M - Roof 0 0 0 0 0 0 48,330

72450 R/M - Paint 24,288 0 (24,288) 24,288 6,820 (17,468) 6,820

72455 R/M - Pool 10,634 9,965 (669) 10,634 19,930 9,296 39,860

Total Repairs and Maintenance $50,860 $9,965 ($40,895) $50,860 $26,750 ($24,110) $1,110,027

Security

75105 Security System 0 0 0 0 0 0 15,498

Total Security $0 $0 $0 $0 $0 $0 $15,498

Administrative


77230 Office Supplies 0 0 0 0 0 0 1,400

Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $1,400

TOTAL EXPENSES $52,526 $9,965 ($42,561) $52,526 $26,750 ($25,776) $1,126,925

EXCESS OF REVENUES/EXPENSES ($21,130) $19,452 ($40,582) $10,430 $32,083 ($21,654) ($773,925)

Page 1 of


1

19


Project title:


Operating


72480 Contracted Service 1,183$ (1,185)$ Accounting accrued for Doorking invoice and CCTV invoicing. N/A

74125 Telephone 1,133$ 1,199$ AT&T billing increased. Management is working on getting contract

renewed to lower pricing

N/A

Reserve


GATES

03/31/2020 1:01:43 PM SOA Statement of Revenue & Expenses -Gates Operating Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

40005 Assessments 47,112 47,196 (84) 94,224 94,392 (168) 566,352

40021 Bad Debt - Contra 0 (375) 375 0 (750) 750 (4,500)

45405 Gate Transmitters/Clickers 275 200 75 500 400 100 4,700


TOTAL REVENUE $21,970 $21,604 $366 $43,891 $43,209 $682 $261,552

EXPENSES


77200 Management Fees 247 438 191 690 875 186 5,251

72480 Contracted Services 2,368 1,183 (1,185) 3,688 2,367 (1,321) 14,200

60005 P/R - Administrative 6,584 6,300 (284) 12,464 12,600 136 75,600

75085 Patrol Service 936 1,939 1,003 3,733 3,877 145 23,264

78105 Ins - Liability & Property 698 629 (69) 1,396 1,259 (137) 7,552

77750 Audit & Tax Service 0 0 0 0 0 0 900

77760 Legal Fees 0 0 0 0 0 0 1,000

Total General and Administrative $10,832 $10,489 ($343) $21,970 $20,978 ($992) $127,767

Utilities

74005 Electricity 6 100 94 76 200 124 1,200

74125 Telephone 2,629 1,430 (1,199) 5,242 2,860 (2,382) 17,160

Total Utilities $2,635 $1,530 ($1,105) $5,318 $3,060 ($2,258) $18,360

Maintenance

72000 R/M - Maintenance Allocation 4,106 4,400 294 8,212 8,800 588 53,425


72220 Gate Maintenance 875 1,500 625 965 2,700 1,735 8,500

72225 Gate - Clickers 0 0 0 0 0 0 4,500

Total Maintenance $4,981 $15,900 $10,919 $14,087 $24,500 $10,413 $115,425

TOTAL EXPENSES $18,449 $27,919 $9,470 $41,375 $48,538 $7,163 $261,552

EXCESS OF REVENUE/EXPENSES $3,522 ($6,315) $9,836 $2,516 ($5,329) $7,845 $0

Page 1 of


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16

03/31/2020 1:05:23 PM SOA Statement of Revenue & Expenses -Gates Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE



TOTAL REVENUE $29,870 $25,417 $4,454 $60,109 $50,833 $9,276 $305,000

EXPENSES


72220 Gate Maintenance 0 0 0 0 0 0 16,779

72385 R/M - Paving 0 0 0 0 0 0 11,226

72405 Fire Hydrant 0 0 0 0 0 0 5,353

72470 Monument Repair - Lettering/Signage 0 0 0 0 0 0 31,519

Total Repairs and Maintenance $0 $0 $0 $0 $0 $0 $64,877

Administrative


Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $0

TOTAL EXPENSES $1,667 $0 ($1,667) $1,667 $0 ($1,667) $64,877

EXCESS OF REVENUES/EXPENSES $28,203 $25,417 $2,787 $58,442 $50,833 $7,609 $240,123

Page 1 of


1

20


Project title:


Operating


60005 PR - Admin 1,850$ 1,850$ Accounting over accrued for January N/A

TOWN SQUARE

03/31/2020 1:07:15 PM SOA Statement of Revenue & Expenses -Town Square Operating Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

40005 Assessments 8,601 9,375 (775) 17,201 18,751 (1,549) 112,505

TOTAL REVENUE $8,601 $9,375 ($775) $17,201 $18,751 ($1,549) $112,505

EXPENSES

Landscaping

70005 L/S - Contract 2,315 2,315 0 4,630 4,630 0 27,780

71005 L/S - Renovations/Improvements 0 0 0 0 0 0 3,000

71225 L/S - Irrigation 0 0 0 0 0 0 2,500


Total Landscaping $2,315 $10,315 $8,000 $6,668 $22,630 $15,962 $68,280


77200 Management Fees 250 250 0 500 500 0 3,000

77230 Office Supplies 0 0 0 0 0 0 30

77260 Postage/Printing 0 0 0 0 0 0 175

60005 P/R - Administrative 0 1,850 1,850 3,452 3,700 248 22,200

72480 Contracted Services 0 0 0 0 0 0 1,500

77760 Legal Fees 0 125 125 0 250 250 1,500

77005 Bad Debt 0 0 0 0 0 0 13,820

Total General and Administrative $250 $2,225 $1,975 $3,952 $4,450 $498 $42,225

TOTAL EXPENSES $2,565 $12,540 $9,975 $10,620 $27,080 $16,460 $110,505

EXCESS OF REVENUE/EXPENSES $6,036 ($3,165) $9,200 $6,581 ($8,329) $14,911 $0

Page 1 of


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17

03/31/2020 1:07:02 PM SOA Projected Statement of Revenue & Expenses - CommonArea



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Descript Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020

REVENUE

40005 Assessments 332,220 332,220 333,165 333,165 333,270 333,270 333,270 334,320 334,320 334,320 334,320 334,320 4,002,180 4,001,760 420

40015 Assessment - Co 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 94,689 94,689 0

40020 Assessment - No 452 469 470 470 470 470 470 470 470 470 470 470 5,626 5,645 (19)

40021 Bad Debt - Contr 0 0 0 (2,000) 0 0 0 (5,000) 0 0 0 (2,000) (9,000) (10,000) 1,000

43500 Special Assessme 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

45000 CC&R Transfer F 18,990 3,693 13,000 16,000 16,000 12,000 15,000 20,000 18,000 15,000 15,000 12,000 174,683 175,000 (317)

45125 Arc & Landscape 375 875 5,500 5,500 3,500 6,500 4,000 4,000 2,500 2,000 1,500 1,300 37,550 43,000 (5,450)

45156 Late Fee 7,400 3,600 1,500 2,000 1,000 1,200 1,000 1,200 1,000 1,200 1,200 1,000 23,300 15,000 8,300

45245 Fines 350 800 300 300 300 300 300 300 300 300 300 300 4,150 3,600 550

45645 Interest - Financi 534 499 67 67 67 67 67 67 67 67 67 67 1,699 800 899

45646 Interest - HO 571 575 100 100 100 100 100 100 100 100 100 100 2,146 1,200 946

45800 Loan Payment Car 0 0 (16,493) (16,562) (16,111) (16,698) (16,253) (16,835) (16,395) (16,466) (17,042) (16,610) (165,466) (197,725) 32,259

46005 Green Fee/Equip 474 1,414 1,000 3,000 3,000 5,000 6,000 6,000 3,200 3,000 1,500 1,500 35,088 34,000 1,088

46015 Community Event 0 0 0 0 0 0 0 0 0 500 0 0 500 500 0

46475 SGCC Lease 0 0 500 11,710 500 500 500 500 11,710 500 500 500 27,420 29,120 (1,700)

90000 Reserve Transfer (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (430,000) (430,000) 0

TOTAL REVENUE $333,424 $316,203 $311,166 $325,808 $314,153 $314,766 $316,512 $317,179 $327,329 $313,049 $309,972 $305,004 $3,804,566 $3,766,589 $37,977

EXPENSES


60005 P/R - Administrat 25,666 28,950 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 50,000 352,116 352,500 384

Total Payroll and Benefits $25,666 $28,950 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $50,000 $352,116 $352,500 $384

Landscaping

70005 L/S - Contract 80,958 80,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 981,489 984,579 3,090

70025 L/S - Repairs/Ma 0 0 500 800 8,000 5,000 5,000 5,000 5,000 10,000 10,000 0 49,300 50,000 700

71005 L/S - Renovation 0 0 1,500 5,000 5,000 1,500 2,000 2,000 3,000 10,000 10,000 0 40,000 40,000 0

71040 L/S - Ditch Maint 2,179 0 0 0 0 0 0 0 0 0 18,500 0 20,679 18,500 (2,179)

71225 L/S - Irrigation 0 0 0 0 1,000 2,000 2,000 3,000 2,000 5,000 0 0 15,000 15,000 0

71450 L/S - East Park 0 0 0 0 250 0 0 0 0 250 0 0 500 500 0

Page 1 of


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8290 ARVILLE STREET

Las Vegas NV 89139


Total Landscaping $83,137 $80,048 $84,048 $87,848 $96,298 $90,548 $91,048 $92,048 $92,048 $107,298 $120,548 $82,048 $1,106,967 $1,108,579 $1,612


72000 R/M - Maintenan 4,106 4,106 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 5,660 53,472 54,060 588

72090 R/M - Snow Plo 1,100 0 0 0 0 0 0 0 0 0 0 10,000 11,100 40,000 28,901

72200 R/M - Janitorial S 0 152 0 0 0 0 0 0 0 0 0 0 152 0 (152)

72225 Gate - Clickers 888 0 0 0 0 0 0 0 0 0 0 0 888 0 (888)

72235 Loan Interest - C 16,250 16,176 15,721 15,652 16,103 15,516 15,962 15,379 15,819 15,748 15,172 15,604 189,102 188,846 (257)

72240 C9 Operations 0 22,917 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 243,750 265,000 21,250

72462 Contingency 0 0 0 0 0 0 0 0 0 0 0 564,486 564,486 564,486 0

72480 Contracted Servic 485 2,163 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 115,281 135,160 19,879

76035 Canyon Nine Oper 0 0 0 0 2,000 0 500 500 500 2,000 2,000 0 7,500 7,500 0

Total Repairs and Maintenance $22,828 $45,513 $53,468 $53,399 $55,849 $53,263 $54,208 $53,626 $54,066 $55,495 $54,919 $629,097 $1,185,731 $1,255,052 $69,321

Utilities

74005 Electricity 1,627 3,164 2,000 2,500 3,000 3,800 4,000 4,000 4,000 3,800 3,500 3,500 38,891 37,000 (1,891)

74035 C9 Electricity 199 143 500 500 500 500 500 1,000 500 500 500 500 5,842 7,000 1,158

74065 Water 1,146 3,251 2,000 2,800 36,000 65,000 77,000 87,000 87,000 20,000 18,000 1,900 401,097 400,500 (597)

74070 Sewer & Waste R 49 49 49 49 49 49 49 49 49 49 49 49 589 590 1

74125 Telephone 34 32 35 35 35 35 35 35 35 35 35 35 416 420 4

Total Utilities $3,055 $6,639 $4,584 $5,884 $39,584 $69,384 $81,584 $92,084 $91,584 $24,384 $22,084 $5,984 $446,835 $445,510 ($1,325)

Community Safety

75085 Patrol Service 5,266 5,044 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 62,669 62,830 161

Total Community Safety $5,266 $5,044 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $62,669 $62,830 $161

Administrative

77015 Fees & Permits (43) 275 0 50 0 0 0 500 0 300 0 23,150 24,233 24,000 (233)

77020 Account Reimburs 0 4,010 2,500 500 800 600 2,000 800 800 500 1,000 1,200 14,710 12,000 (2,710)

77050 Collection Cost 252 0 0 0 0 0 0 0 0 0 0 0 251 0 (251)

77135 Education/Trainin 310 0 0 500 0 0 0 0 0 500 0 0 1,310 1,000 (310)

77200 Management Fees 6,551 6,453 6,473 6,473 6,473 6,473 6,473 6,493 6,493 6,493 6,493 6,493 77,831 77,728 (103)

77230 Office Supplies 0 6 600 800 600 200 200 600 300 300 400 500 4,506 5,000 494

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8290 ARVILLE STREET

Las Vegas NV 89139


77260 Postage/Printing 540 160 1,000 500 1,000 4,000 4,000 1,000 1,000 4,000 8,000 6,000 31,199 35,000 3,801

77270 Community Websi 63 63 75 75 75 75 80 120 75 75 75 3,380 4,231 4,300 69

77350 Community Events 80 25 2,000 300 0 100 1,000 1,000 500 2,500 8,000 1,000 16,506 17,000 494

77530 Bank/Credit Card 35 35 35 35 35 35 35 35 35 35 35 35 420 420 0

77730 Architect Review 6,350 36 0 12,000 0 0 0 12,000 0 0 0 9,000 39,386 43,200 3,814

77740 Consulting/Profes 540 715 2,000 3,000 5,000 4,000 2,000 2,000 2,000 2,000 2,000 2,000 27,255 30,000 2,745

77750 Audit & Tax Servi 0 0 0 0 0 0 0 3,900 0 0 0 0 3,900 3,900 0

77760 Legal Fees 8,281 2,150 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 5,000 5,000 95,431 100,000 4,569

77765 Rockery Wall Law 1,031 0 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 5,000 5,000 86,031 100,000 13,969

77770 Rock Wall Monitor 0 0 0 5,000 0 0 0 5,000 0 0 0 11,250 21,250 21,250 0

77950 Depreciation Expe 1,250 140 0 1,600 0 0 0 1,600 0 0 0 1,600 6,190 6,400 210

Total Administrative $25,240 $14,068 $24,683 $50,833 $33,983 $35,483 $35,788 $55,048 $31,203 $36,703 $36,003 $75,608 $454,640 $481,198 $26,558

Taxes and Insurance

78005 Taxes - Real Pro 381 0 0 500 0 0 0 18,000 0 0 0 3,370 22,251 26,870 4,619

78025 Taxes - Personal 0 758 0 0 0 0 0 0 0 0 0 0 758 0 (758)

78105 Ins - Liability & Pr 947 947 854 854 854 854 854 854 854 854 854 854 10,436 10,250 (186)

78190 Ins - Directors & 1,382 1,382 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 22,386 23,547 1,161

78240 Ins - Workmens 41 41 21 21 21 21 21 21 21 21 21 21 293 253 (40)

Total Taxes and Insurance $2,751 $3,127 $2,838 $3,338 $2,838 $2,838 $2,838 $20,838 $2,838 $2,838 $2,838 $6,208 $56,123 $60,920 $4,797

TOTAL EXPENSES $167,943 $183,390 $202,356 $234,037 $261,288 $284,251 $298,202 $346,379 $304,474 $259,454 $269,127 $854,181 $3,665,082 $3,766,589 $101,507

EXCESS OFREVENUE/EXPENSES

$165,481 $132,812 $108,810 $91,770 $52,865 $30,515 $18,310 ($29,200) $22,855 $53,595 $40,845 ($549,176) $139,484 $0 $139,484

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03/31/2020 1:07:10 PM SOA Projected Statement of Revenue & Expenses - The Clubat Town Center



8290 ARVILLE STREET

Las Vegas NV 89139

Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020

REVENUE

Assessment Revenue

40005 Assessments 173,728 173,728 174,588 174,588 174,588 174,588 174,588 175,478 175,478 175,478 175,478 175,478 2,097,789 2,097,552 237

40020 Assessment - Non Me 2,029 2,117 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 27,479 28,000 (521)

40021 Bad Debt - Contra 0 0 (833) (833) (833) (833) (833) (833) (833) (833) (833) (833) (8,333) (10,000) 1,667


Total Assessment Revenue $146,340

$146,428 $146,672 $146,672 $146,672 $146,672 $146,672 $147,562 $147,562 $147,562 $147,562 $147,562 $1,763,935 $1,762,552 $1,383

Operations Revenue

45550 Activity Fee 12,756 2,529 5,000 2,000 5,000 1,000 1,000 15,000 4,000 3,000 1,000 4,000 56,285 60,000 (3,715)

45555 Swim Lesson Fee 0 0 2,000 2,000 2,250 2,250 1,000 500 0 0 0 0 10,000 10,000 0

45560 Massage Fee 4,422 4,205 2,000 2,000 2,000 2,000 2,000 3,000 2,000 2,000 3,000 2,000 30,627 25,000 5,627

45565 Guest Fees for Facilit 432 1,290 3,500 750 750 3,500 2,000 1,500 750 750 500 500 16,222 16,000 222

45570 Instruction Revenue 2,150 580 500 2,000 1,500 1,500 2,000 1,200 1,000 1,000 500 500 14,430 14,000 430

45575 Private Party/Room R 0 0 0 300 100 0 300 250 300 1,600 850 300 4,000 4,350 (350)

45580 Kids Camp 4,122 446 10,000 12,000 38,000 10,000 1,000 6,000 1,600 800 800 7,000 91,768 90,700 1,068

Total Operations Revenue $23,882 $9,050 $23,000 $21,050 $49,600 $20,250 $9,300 $27,450 $9,650 $9,150 $6,650 $14,300 $223,332 $220,050 $3,282

Food & Beverage Revenue

45800 Loan Payment Carryo 0 0 (7,918) (7,951) (7,735) (8,017) (7,803) (8,083) (7,871) (7,905) (8,182) (7,974) (79,439) (94,927) 15,488

45845 Sales - Snack Bar Fo 0 0 0 50 1,200 5,000 5,000 3,000 1,500 50 0 150 15,950 16,000 (50)

45885 Sales - Alcohol 0 0 0 200 100 2,500 2,000 1,000 1,000 0 1,000 0 7,800 8,000 (200)

45925 Sales - Other, Non Al 2 6 100 100 150 1,000 2,000 1,000 300 100 50 50 4,857 5,000 (143)

Total Food & Beverage Revenue $2 $6 ($7,818) ($7,601) ($6,285) $483 $1,197 ($3,083) ($5,071) ($7,755) ($7,132) ($7,774) ($50,832) ($65,927) $15,095

TOTAL REVENUE $170,224

$155,484 $161,853 $160,120 $189,987 $167,405 $157,169 $171,929 $152,140 $148,957 $147,080 $154,087 $1,936,435 $1,916,675 $19,760

EXPENSES

Cost of Sales

50005 COS - Snack Bar Sup 0 0 0 0 1,000 400 400 400 0 0 0 0 2,200 2,200 0

50010 COS - Food 0 0 0 1,500 2,000 2,000 2,000 2,000 1,500 0 0 0 11,000 11,000 0

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8290 ARVILLE STREET

Las Vegas NV 89139


50015 COS - Alcohol 0 0 200 200 200 500 500 800 200 0 200 0 2,800 3,200 400

50025 COS - Non Alcohol 0 0 100 200 500 1,000 1,000 1,000 250 100 100 100 4,350 4,500 150

Total Cost of Sales $0 $0 $300 $1,900 $3,700 $3,900 $3,900 $4,200 $1,950 $100 $300 $100 $20,350 $20,900 $550

Operations

77630 Massage Therapist Pa 4,247 2,243 2,500 2,800 3,000 1,500 1,500 2,500 2,200 2,500 2,500 1,000 28,490 25,000 (3,490)

77632 Fitness Instructors 6,274 5,908 6,000 8,500 7,000 9,500 10,500 8,000 8,000 9,000 7,000 6,000 91,682 95,000 3,318

77645 R/M - Fitness Supplie 192 195 1,100 1,500 1,200 1,200 1,300 2,500 1,200 3,000 800 500 14,687 16,000 1,313

72368 Activity Supplies 88 2,309 1,800 1,800 2,000 3,000 1,500 2,500 1,500 3,000 1,800 3,000 24,297 25,000 703

77707 Summer Camp 0 65 0 4,000 11,000 3,000 5,000 4,000 0 0 0 0 27,065 27,000 (65)

60005 P/R - Administrative 37,363 40,516 43,000 43,000 80,000 79,500 79,500 79,500 79,500 79,500 43,000 51,000 735,379 743,500 8,121

77110 Travel/Mileage Expen 339 339 700 600 600 300 600 600 300 400 400 900 6,078 6,000 (78)

77125 Recruitment/Employe 300 0 200 4,000 1,200 1,500 1,200 1,200 1,200 1,500 0 0 12,300 12,000 (300)

77290 Mobile Phones/Radios 555 100 450 450 450 450 450 450 450 450 450 450 5,155 5,400 245

Total Operations $49,358 $51,675 $55,750 $66,650 $106,450 $99,950 $101,550 $101,250 $94,350 $99,350 $55,950 $62,850 $945,133 $954,900 $9,767


77200 Management Fees 1,859 2,020 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 22,261 22,058 (203)

77230 Office Supplies 346 0 300 300 200 200 300 600 300 400 500 100 3,546 4,000 454

77270 Community Website & 255 147 300 300 200 300 200 300 3,000 2,500 1,800 700 10,002 10,000 (2)

72480 Contracted Services 8,948 19,131 11,000 11,000 11,000 12,000 10,000 12,000 11,000 11,000 13,000 9,595 139,674 132,595 (7,079)

75085 Patrol Service 559 369 317 317 317 317 317 317 317 317 317 317 4,095 3,800 (295)

78105 Ins - Liability & Prope 3,340 3,340 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 36,800 36,145 (655)

77015 Fees & Permits 0 268 2,500 1,500 500 700 1,800 1,000 1,000 100 0 0 9,368 12,000 2,632

77055 Town Square Assess 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 66,955 66,955 0

78005 Taxes - Real Propert 0 0 0 0 0 0 1,400 0 0 0 0 0 1,400 1,400 0

77530 Bank/Credit Card Ser 397 524 200 300 400 600 1,000 600 700 300 300 300 5,621 5,500 (121)

77750 Audit & Tax Service 0 0 6,200 0 0 0 2,800 0 0 0 0 0 9,000 9,000 0

77760 Legal Fees 0 0 0 250 0 0 250 0 0 250 0 0 750 1,000 250

77950 Depreciation Expense 20,680 21,422 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 264,741 267,166 2,426

Total General and Administrative $41,964 $52,799 $53,510 $46,660 $45,310 $46,810 $50,760 $47,510 $49,010 $47,560 $48,610 $43,705 $574,212 $571,619 ($2,593)

Building Expense

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8290 ARVILLE STREET

Las Vegas NV 89139


72425 Special Projects - TC 0 0 0 0 0 15,000 15,000 15,000 5,000 0 0 0 50,000 50,000 0

72440 R/M - Building 335 0 4,000 5,000 5,000 6,000 6,000 5,000 6,000 4,000 3,000 2,000 46,335 50,000 3,665

70005 L/S - Contract 650 0 625 625 625 625 625 625 625 625 625 625 6,900 7,500 600

72000 R/M - Maintenance Al 4,106 12,322 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 9,500 105,128 106,300 1,172

72010 R/M - Supplies, Small 0 0 150 1,000 300 200 150 700 150 200 0 150 3,000 4,000 1,000

76030 Complimentary Supplie 1,533 869 1,500 1,500 1,000 1,000 2,000 2,000 2,000 2,000 500 470 16,372 16,270 (102)

72200 R/M - Janitorial Suppl 0 63 1,000 1,000 1,000 1,000 1,200 1,200 800 1,000 1,000 800 10,063 12,000 1,938

72298 Pool/Spa - Chemicals 2,146 2,175 1,000 1,500 1,000 3,500 3,500 1,000 1,000 1,000 1,000 1,000 19,821 17,000 (2,821)

72300 Pool/Spa Service Con 0 925 200 500 600 1,000 1,000 500 200 200 200 200 5,525 5,000 (525)

72310 Pool/Spa - Repairs & 0 618 0 0 0 0 0 0 0 0 0 0 618 0 (618)

72317 Pool - Utilities 1,917 5,155 1,500 1,500 1,500 1,500 500 1,000 1,000 1,000 1,000 2,000 19,572 15,500 (4,072)

74005 Electricity (3,133) 5,298 3,000 3,100 3,100 4,000 3,900 3,800 4,500 3,500 3,000 3,000 37,065 40,500 3,435

74065 Water 409 361 500 500 1,800 2,000 1,800 1,800 1,700 1,200 1,000 500 13,570 13,500 (70)

74070 Sewer & Waste Remo 1,779 766 500 500 500 500 500 1,500 1,500 1,500 1,500 300 11,345 10,000 (1,345)

74095 Gas 920 2,557 1,500 1,000 1,000 1,900 1,500 1,500 1,500 500 1,000 500 15,377 13,000 (2,377)

74125 Telephone 400 408 402 402 402 402 402 402 402 402 402 400 4,825 4,822 (3)

Total Building Expense $11,062 $31,517 $24,677 $26,927 $26,627 $47,427 $46,877 $44,827 $35,177 $25,927 $23,027 $21,445 $365,517 $365,392 ($125)

Club Loan

77900 Loan Interest - TCTC 7,788 7,753 7,548 7,515 7,731 7,449 7,663 7,383 7,595 7,561 7,284 7,492 90,761 90,664 (97)

Total Club Loan $7,788 $7,753 $7,548 $7,515 $7,731 $7,449 $7,663 $7,383 $7,595 $7,561 $7,284 $7,492 $90,761 $90,664 ($97)

TOTAL EXPENSES $110,172

$143,744 $141,785 $149,652 $189,818 $205,537 $210,750 $205,171 $188,082 $180,498 $135,171 $135,592 $1,995,973 $2,003,475 $7,502

EXCESS OF REVENUE/EXPENSES $60,051 $11,740 $20,068 $10,468 $168 ($38,132) ($53,582) ($33,242) ($35,942) ($31,542) $11,908 $18,495 ($59,538) ($86,800) $27,262

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03/31/2020 1:07:14 PM SOA Projected Statement of Revenue & Expenses - GatesSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

40005 Assessments 47,112 47,112 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 566,184 566,352 (168)

40021 Bad Debt - Contra 0 0 (375) (375) (375) (375) (375) (375) (375) (375) (375) (375) (3,750) (4,500) 750

45405 Gate Transmitters/Clic 225 275 650 350 350 525 725 450 350 550 350 0 4,800 4,700 100


TOTAL REVENUE $21,920 $21,970 $22,054 $21,754 $21,754 $21,929 $22,129 $21,854 $21,754 $21,954 $21,754 $21,404 $262,234 $261,552 $682

EXPENSES


77200 Management Fees 443 247 438 438 438 438 438 438 438 438 438 438 5,065 5,251 186

72480 Contracted Services 1,320 2,368 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 15,521 14,200 (1,321)

60005 P/R - Administrative 5,880 6,584 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 75,464 75,600 136

75085 Patrol Service 2,797 936 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 23,120 23,264 145

78105 Ins - Liability & Prope 698 698 629 629 629 629 629 629 629 629 629 629 7,689 7,552 (137)

77750 Audit & Tax Service 0 0 0 0 0 0 0 900 0 0 0 0 900 900 0

77760 Legal Fees 0 0 250 0 0 250 0 0 250 0 0 250 1,000 1,000 0

Total General and Administrative $11,138 $10,832 $10,739 $10,489 $10,489 $10,739 $10,489 $11,389 $10,739 $10,489 $10,489 $10,739 $128,759 $127,767 ($992)

Utilities

74005 Electricity 70 6 100 100 100 100 100 100 100 100 100 100 1,076 1,200 124

74125 Telephone 2,613 2,629 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 19,542 17,160 (2,382)

Total Utilities $2,683 $2,635 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $20,618 $18,360 ($2,258)

Maintenance

72000 R/M - Maintenance Al 4,106 4,106 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 5,025 52,837 53,425 588

72090 R/M - Snow Plowing 4,910 0 15,000 0 0 0 0 0 0 3,000 10,000 8,000 40,910 49,000 8,090

72220 Gate Maintenance 90 875 200 500 800 500 200 300 300 500 500 2,000 6,765 8,500 1,735

72225 Gate - Clickers 0 0 500 2,000 0 0 0 1,500 0 500 0 0 4,500 4,500 0

Total Maintenance $9,106 $4,981 $20,100 $6,900 $5,200 $4,900 $4,600 $6,200 $4,700 $8,400 $14,900 $15,025 $105,012 $115,425 $10,413

TOTAL EXPENSES $22,926 $18,449 $32,369 $18,919 $17,219 $17,169 $16,619 $19,119 $16,969 $20,419 $26,919 $27,294 $254,389 $261,552 $7,163

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03/31/2020 1:07:14 PM SOA Projected Statement of Revenue & Expenses - GatesSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139


EXCESS OF REVENUES/EXPENSES ($1,006) $3,522 ($10,315) $2,835 $4,535 $4,760 $5,510 $2,735 $4,785 $1,535 ($5,165) ($5,890) $7,845 $0 $7,845

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03/31/2020 1:09:44 PM SOA - Projected Statement of Revenue & Expenses - TownSquare



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020

REVENUE

40005 Assessments 8,601 8,601 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 110,956 112,505 (1,549)

TOTAL REVENUE $8,601 $8,601 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $110,956 $112,505 ($1,549)

EXPENSES


60005 P/R - Administrative 3,452 0 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 21,952 22,200 248

Total Payroll and Benefits $3,452 $0 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $21,952 $22,200 $248

Landscaping

70005 L/S - Contract 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 27,780 27,780 0

71005 L/S - Renovations/Im 0 0 0 500 500 500 500 500 500 0 0 0 3,000 3,000 0

71225 L/S - Irrigation 0 0 0 250 500 1,000 200 100 450 0 0 0 2,500 2,500 0

Total Landscaping $2,315 $2,315 $2,315 $3,065 $3,315 $3,815 $3,015 $2,915 $3,265 $2,315 $2,315 $2,315 $33,280 $33,280 $0


72090 R/M - Snow Plowing 2,038 0 8,000 0 0 0 0 0 0 0 8,000 1,000 19,038 35,000 15,962

72440 R/M - Building 0 0 0 300 500 100 100 500 0 0 250 250 2,000 2,000 0

72480 Contracted Services 0 0 100 100 100 200 500 100 100 100 100 100 1,500 1,500 0

Total Repairs and Maintenance $2,038 $0 $8,100 $400 $600 $300 $600 $600 $100 $100 $8,350 $1,350 $22,538 $38,500 $15,962

Administrative

77005 Bad Debt 0 0 3,455 0 0 3,455 0 0 3,455 0 0 3,455 13,820 13,820 0

77200 Management Fees 250 250 250 250 250 250 250 250 250 250 250 250 3,000 3,000 0

77230 Office Supplies 0 0 0 0 0 0 0 0 0 15 0 15 30 30 0

77260 Postage/Printing 0 0 0 0 0 0 0 0 0 40 0 135 175 175 0

77760 Legal Fees 0 0 125 125 125 125 125 125 125 125 125 125 1,250 1,500 250

Total Administrative $250 $250 $3,830 $375 $375 $3,830 $375 $375 $3,830 $430 $375 $3,980 $18,275 $18,525 $250

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03/31/2020 1:09:44 PM SOA - Projected Statement of Revenue & Expenses - TownSquare



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020

TOTAL EXPENSES $8,055 $2,565 $16,095 $5,690 $6,140 $9,795 $5,840 $5,740 $9,045 $4,695 $12,890 $9,495 $96,045 $112,505 $16,460

EXCESS OF REVENUE/EXPENSES $546 $6,036 ($6,720) $3,685 $3,235 ($420) $3,535 $3,635 $330 $4,680 ($3,515) ($120) $14,911 $0 $14,911

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Somersett Owners AssociationAnnual Operating Cash Flow Analysis

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2018 Total 1,410,131.73$ 2,876,835.45$ 2,131,134.30$ 2,048,885.52$ 1,503,612.49$ 1,662,230.49$ 1,778,044.00$ 1,769,574.59$ 1,605,521.31$ 1,609,304.79$ 1,498,544.59$ 1,457,551.01$

2019 Total 1,332,595.45$ 1,208,194.07$ 1,178,165.92$ 1,287,135.47$ 1,497,680.49$ 1,335,983.13$ 1,103,209.83$ 927,306.59$ 873,986.93$ 805,322.55$ 854,638.82$ 994,233.71$

2020 Total 1,304,221.61$ $1,410,666.10

Less:

Homeowner Prepayments 521,464.86$ 483,651.65$

Deposits - Landscape & Other 199,845.00$ 189,920.00$

Capital Contributions 18,990.40$ 22,683.30$

2020 Unencumbered Cash 563,921.35$ 714,411.15$

$-

$500,000.00

$1,000,000.00

$1,500,000.00

$2,000,000.00

$2,500,000.00

$3,000,000.00

$3,500,000.00

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Operating Cash

2020 Unencumbered Cash 2017 Operating Cash 2018 Operating Cash 2019 Operating Cash

40

03/31/2020 12:53:57 pm soa balance sheet some somersett ... · 03/31/2020 12:53:57 pm soa balance...

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