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