some somersett owners association 2 06/30/2020 · 2020. 8. 31. · 07/17/2020 3:33:52 pm soa...

07/17/2020 3:33:52 PM SOA Balance SheetSOME Somersett Owners Association

06/30/2020FIRSTSERVICE 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 1,594,045.05 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,594,045.05 0.00 1,594,045.05

10025 US Bank - Merchant Deposits x8449 0.00 0.00 5,165.05 0.00 0.00 0.00 0.00 0.00 5,165.05 0.00 5,165.05

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 2,060,257.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,060,257.14 2,060,257.14

11515 Bank United - MM x 2356 0.00 1,293.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,293.32 1,293.32

11545 UBS Financial Services - Cash x1765 0.00 1,461,206.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,461,206.51 1,461,206.51

11550 UBS Financial Services - Portfolio x1765 0.00 3,298,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,298,000.00 3,298,000.00

11560 Pacific Western - MM x6488 0.00 244,084.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 244,084.22 244,084.22

11600 Due (To)/From Main Operating (1,040,039.51) (32,817.31) 1,199,453.80 0.00 (1,298.83) 0.00 (125,298.15) 0.00 32,817.31 (32,817.31) 0.00

11605 Due (To)/From Main Reserve 0.00 (4,585,067.50) 0.00 1,228,809.44 0.00 3,356,258.06 0.00 0.00 0.00 0.00 0.00

11610 Due (to) / From TCTC Town Square 0.00 0.00 (134,669.04) 0.00 0.00 0.00 134,669.04 0.00 0.00 0.00 0.00

11615 UBS Financial Svcs - Operating Cash 426,410.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 426,410.92 0.00 426,410.92

TOTAL CASH $980,416.46 $2,446,956.38 $1,071,349.81 $1,228,809.44 ($1,298.83) $3,356,258.06 $9,370.89 $0.00 $2,059,838.33 $7,032,023.88 $9,091,862.21

Homeowner Delinquency

12000 Assessment Delinquency 54,529.87 0.00 53,783.85 0.00 24,142.58 0.00 0.00 0.00 132,456.30 0.00 132,456.30

12040 AR - Fines 50,400.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 50,400.00 0.00 50,400.00

12060 AR - Misc. Homeowner Delinquency 78,866.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 78,866.01 0.00 78,866.01

12063 AR - Special Assessents Delinquency 0.00 122,279.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 122,279.49 122,279.49

Total Homeowner Delinquency $183,795.88 $122,279.49 $53,783.85 $0.00 $24,142.58 $0.00 $0.00 $0.00 $261,722.31 $122,279.49 $384,001.80

Less Allowance for Doubtful Accounts

12065 Allowance for Doubtful Accounts - Homeowner (101,773.73) 0.00 (17,382.10) 0.00 (8,748.00) 0.00 0.00 0.00 (127,903.83) 0.00 (127,903.83)

Net Homeowner Delinquency $82,022.15 $122,279.49 $36,401.75 $0.00 $15,394.58 $0.00 $0.00 $0.00 $133,818.48 $122,279.49 $256,097.97

Other Assets

12300 AR - Other 1,494.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,494.43 0.00 1,494.43

12310 Unamortized Discount 0.00 (143.99) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (143.99) (143.99)

12355 Accrued Interest Receivable 0.00 10,165.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,165.92 10,165.92

12360 Unamortized Premium 0.00 8,583.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 8,583.56 8,583.56

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

of

SOME Somersett Owners Association Financials

3

2



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 368.33 0.00 11,483.18 0.00 4,871.55 0.00 0.00 0.00 16,723.06 0.00 16,723.06

13100 Prepaid Insurance 15,710.35 0.00 150.00 0.00 0.00 0.00 0.00 0.00 15,860.35 0.00 15,860.35

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 75,894.79 0.00 0.00 0.00 0.00 0.00 75,894.79 0.00 75,894.79

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 0.00 169,845.89 0.00 0.00 0.00 0.00 0.00 178,216.80 0.00 178,216.80

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 (19,253.47) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (19,253.47) 0.00 (19,253.47)

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 (137,933.07) 0.00 0.00 0.00 0.00 0.00 (137,933.07) 0.00 (137,933.07)

17520 AD - Pool Furniture & Equipment 0.00 0.00 (57,356.27) 0.00 0.00 0.00 0.00 0.00 (57,356.27) 0.00 (57,356.27)

17530 AD - Fitness Equipment 0.00 0.00 (31,470.29) 0.00 0.00 0.00 0.00 0.00 (31,470.29) 0.00 (31,470.29)

17540 AD - Furniture & Equipment (8,370.91) 0.00 (87,088.21) 0.00 0.00 0.00 0.00 0.00 (95,459.12) 0.00 (95,459.12)

17590 AD - Clubhouse Building 0.00 0.00 (2,750,378.13) 0.00 0.00 0.00 0.00 0.00 (2,750,378.13) 0.00 (2,750,378.13)

Total Other Assets $3,406,835.58 $123,923.13 $6,152,083.47 $0.00 $4,871.55 $0.00 $0.00 $0.00 $9,563,790.60 $123,923.13 $9,687,713.73

TOTAL OTHER ASSETS $3,488,857.73 $246,202.62 $6,188,485.22 $0.00 $20,266.13 $0.00 $0.00 $0.00 $9,697,609.08 $246,202.62 $9,943,811.70

TOTAL ASSETS $4,469,274.19 $2,693,159.00 $7,259,835.03 $1,228,809.44 $18,967.30 $3,356,258.06 $9,370.89 $0.00 $11,757,447.41 $7,278,226.50 $19,035,673.91

LIABILITIES

20000 Prepaid - Assessments 312,881.46 0.00 97,574.97 0.00 26,408.00 0.00 1,961.57 0.00 438,826.00 0.00 438,826.00

20120 AP - Account Setup Fees 2,590.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,590.00 0.00 2,590.00

20135 AP - Precollection Fees 680.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 680.00 0.00 680.00

20200 AP - NSF Fees 1,275.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,275.00 0.00 1,275.00

20300 AP - Homeowner Refunds 6,078.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 6,078.51 0.00 6,078.51

20400 AP - Pending Unclaimed Property 26,074.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26,074.47 0.00 26,074.47

20500 AP - Sales/Use Tax 0.00 0.00 57.75 0.00 0.00 0.00 0.00 0.00 57.75 0.00 57.75

of


3

3



8290 ARVILLE STREET

Las Vegas NV 89139


21530 Refundable AGC Deposits 196,040.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 196,040.00 0.00 196,040.00

22000 AP - Open (3,684.80) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (3,684.80) 0.00 (3,684.80)

22100 Accrued Expenses 159,378.87 0.00 66,364.01 0.00 11,747.38 0.00 1,703.00 0.00 239,193.26 0.00 239,193.26

22150 Insurance Payable 16,486.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 16,486.08 0.00 16,486.08

23000 Loan Payable - TCTC 0.00 0.00 1,763,513.09 0.00 0.00 0.00 0.00 0.00 1,763,513.09 0.00 1,763,513.09

23020 Loan Payable - Common 3,672,440.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,672,440.40 0.00 3,672,440.40

TOTAL LIABILITIES $4,390,239.99 $0.00 $1,927,509.82 $0.00 $38,155.38 $0.00 $3,664.57 $0.00 $6,359,569.76 $0.00 $6,359,569.76

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

37000 Interfund Transfer 0.00 0.00 8,908.75 (8,908.75) 0.00 0.00 0.00 0.00 8,908.75 (8,908.75) 0.00

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 $712,945.82 ($42,830.58) $172,438.89 $63,875.40 $4,699.03 $143,606.59 $28,245.22 $0.00 $918,328.96 $164,651.41 $1,082,980.37

TOTAL EQUITY $79,034.20 $2,693,159.00 $5,332,325.21 $1,228,809.44 ($19,188.08) $3,356,258.06 $5,706.32 $0.00 $5,397,877.65 $7,278,226.50 $12,676,104.15

TOTAL LIABILITIES & EQUITY $4,469,274.19 $2,693,159.00 $7,259,835.03 $1,228,809.44 $18,967.30 $3,356,258.06 $9,370.89 $0.00 $11,757,447.41 $7,278,226.50 $19,035,673.91

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.

of


3

4

SOME Balance SheetSOME Somersett Owners AssociationOperating Fund - All Subs

2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 2020 Change From Change fromDecember December December December December December December December April May June Prior Month Prior Year

AssetsPetty Cash 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 0.00 0.00Bank 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 0.00US 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 1,255,586.00 1,474,386.92 1,594,045.05 119,658.13 854,085.89US 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 4,640.51 4,618.79 5,165.05 546.26 (14,187.27)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 0.00FIBN 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 0.00FIBN 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 0.00US 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 0.00Pacific 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 0.00UBS Financial Svcs - Operating Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 424,973.19 426,314.49 426,367.06 426,410.92 43.86 1,437.73Cash - 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 0.00Cash - Club Cash Registers 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 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 0.00 0.00Due (To)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (191,450.96) 20,928.65 30,642.15 32,817.31 2,175.16 224,268.27

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 1,708,869.65 1,937,414.92 2,059,838.33 122,423.41 1,065,604.62

Homeowner DelinquencyAssessment Delinquency 227,548.11 211,655.99 151,482.94 86,664.63 91,409.63 154,969.61 129,990.11 179,028.35 157,665.42 132,680.44 132,456.30 (224.14) (46,572.05)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 50,050.00 46,150.00 50,400.00 4,250.00 1,600.00Misc 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 84,732.71 79,134.16 78,866.01 (268.15) (14,658.05)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) (134,666.89) (134,666.89) (127,903.83) 6,763.06 (3,917.94)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 0.00

Total Homeowner Delinquency 138,351.16 129,328.95 111,416.35 15,228.32 79,367.84 167,076.19 145,550.29 197,366.52 157,781.24 123,297.71 133,818.48 10,520.77 (63,548.04)

Other AssetsAR-Other 817.56 0.00 38.64 0.00 2,250.00 2,609.00 2,758.49 1,973.00 0.00 1,264.43 1,494.43 230.00 (478.57)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 0.00AR-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 0.00AR-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 0.00Due (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) (105,317.64) 0.00 0.00Inventory - Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Inventory - Non-Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 1,287.40 1,283.75 1,283.75 1,283.75 0.00 (3.65)Inventory - Food 0.00 0.00 0.00 0.00 0.00 0.00 873.00 873.00 873.00 873.00 0.00 0.00Prepaid Expenses 364.51 14,584.60 15,554.92 15,652.01 215.25 11,314.93 16,564.69 57,712.03 110,021.81 19,507.93 16,723.06 (2,784.87) (40,988.97)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 0.00Prepaid 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 20,651.83 18,256.09 15,860.35 (2,395.74) (14,224.44)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 0.00Inventory-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 0.00Inventory-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 0.00Deposit - 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 0.00FA-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 3,208,977.43 0.00 0.00FA-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 66,587.00 0.00 0.00FA-Canyon 9 Golf Course 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 0.00 0.00FA-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 26,407.89 0.00 0.00FA-Office Equipment 40,652.97 41,686.09 120,018.69 129,298.06 129,328.11 142,913.28 134,091.29 152,883.32 152,883.32 152,883.32 152,883.32 0.00 0.00FA-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 72,034.15 75,894.79 75,894.79 0.00 7,721.28FA-Equipment-Other 61,181.09 161,063.71 148,504.16 150,242.16 150,242.16 169,819.86 169,819.86 126,297.46 128,747.46 128,747.46 128,747.46 0.00 2,450.00FA-TCTC Furn & Equipment 53,801.13 85,059.41 74,315.11 74,315.11 80,085.11 202,669.13 176,719.61 177,029.33 178,216.80 178,216.80 178,216.80 0.00 1,187.47FA-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 0.00FA-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 8,001,100.00 0.00 0.00Fixed 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 52,496.31 0.00 0.00AD-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) (19,253.42) (19,393.37) (19,253.47) 139.90 (560.14)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) (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) (136,824.20) (137,378.63) (137,933.07) (554.44) (2,708.01)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) (56,308.38) (56,931.91) (57,356.27) (424.36) (2,904.27)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) (27,154.98) (29,353.46) (31,470.29) (2,116.83) (12,619.30)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) (92,188.19) (93,870.39) (95,459.12) (1,588.73) (9,781.12)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 0.00AD-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) (2,717,040.21) (2,733,709.17) (2,750,378.13) (16,668.96) (100,013.75)

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 9,699,606.73 9,589,954.63 9,563,790.60 (26,164.03) (174,033.25)

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 11,566,257.62 11,650,667.26 11,757,447.41 106,780.15 828,023.33

5

SOME Balance SheetSOME Somersett Owners AssociationOperating Fund - All Subs

2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 2020 Change From Change fromDecember December December December December December December December April May June Prior Month Prior Year

LiabilitiesHomeowner Prepayments 220,235.62 225,952.96 343,594.07 348,424.36 271,318.53 289,191.55 370,604.72 391,284.31 468,007.22 443,363.60 438,826.00 (4,537.60) 47,541.69Set 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 0.00Account 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) 1,665.00 2,790.00 2,590.00 (200.00) 2,600.00AP - Precollection Fees 0.00 0.00 0.00 780.00 180.00 (43.00) 500.00 0.00 650.00 80.00 680.00 600.00 680.00AP-Transfer to Collections 210.00 330.00 450.00 1,160.00 1,610.00 1,445.00 525.00 (525.00) (700.00) (700.00) 0.00 700.00 525.00AP - NSF Fees 0.00 0.00 0.00 0.00 0.00 525.00 1,425.00 1,275.00 1,250.00 1,250.00 1,275.00 25.00 0.00Homeowner Refunds 1,858.83 3,183.39 2,364.52 2,815.52 33,354.48 2,377.70 5,381.51 965.51 3,919.51 2,538.51 6,078.51 3,540.00 5,113.00Pending Unclaimed Property 636.00 2,454.83 1,818.83 1,818.83 60.00 3,887.79 17,869.19 23,694.07 25,974.47 26,149.47 26,074.47 (75.00) 2,380.40Sales/Use Tax Payable 352.26 367.70 393.89 476.07 226.06 141.61 37.18 56.62 57.75 57.75 57.75 0.00 1.13Accrued 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 0.00Deposit-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 0.00Refundable AGC Deposits 51,550.00 66,150.00 62,065.00 99,000.00 135,190.00 158,790.00 184,765.00 199,270.00 196,585.00 195,665.00 196,040.00 375.00 (3,230.00)AP-Open 33,168.32 24,702.57 56,400.05 193,820.29 214,758.17 120,139.35 367,283.56 238,225.03 143,658.56 54,875.30 (3,684.80) (58,560.10) (241,909.83)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 0.00Developer 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 0.00Accured 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 0.00Accrued 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 0.00Capital 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 0.00Capital 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 0.00Accrued 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 58,430.42 129,627.53 239,193.26 109,565.73 182,180.97Consolidated 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 0.002013 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 0.00Insurance Payable 0.00 0.00 0.00 0.00 0.00 673.00 13,694.00 13,694.00 16,486.08 16,486.08 16,486.08 0.00 2,792.08Loan 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 1,778,889.64 1,771,339.70 1,763,513.09 (7,826.61) (31,720.95)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 0.00Loan 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 3,704,503.37 3,688,769.99 3,672,440.40 (16,329.59) (66,164.22)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 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 6,399,377.02 6,332,292.93 6,359,569.76 27,276.83 (99,210.73)

EquityInventory Adjustment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,160.40 2,156.75 2,156.75 2,156.75 0.00 (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 0.00Interfund 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 5,048.11 8,908.75 8,908.75 0.00 (137,921.74)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 0.00Members' 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 4,468,483.19 0.00 64,953.76Excess 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) 691,192.55 838,825.64 918,328.96 79,503.32 1,000,205.69

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 5,166,880.60 5,318,374.33 5,397,877.65 79,503.32 927,234.06

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 11,566,257.62 11,650,667.26 11,757,447.41 106,780.15 828,023.33

6

SOME Balance SheetSOME Somersett Owners AssociationReserve Fund - All Subs

2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 2020 Change from Change fromAssets December December December December December December December December April May June Prior Month Prior YearUS 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 2,982,152.14 2,019,471.40 2,060,257.14 40,785.74 (676,767.61)Bank 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 0.00 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 0.00 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 0.00 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 0.00 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 1,293.30 1,293.31 1,293.32 0.01 0.67UBS Financial Services - Cash 0.00 0.00 0.00 0.00 52,535.63 41,805.15 305,393.46 179,306.42 1,956.97 1,181,767.18 1,461,206.51 279,439.33 1,281,900.09UBS 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 3,635,000.00 3,564,000.00 3,298,000.00 (266,000.00) (149,000.00)US 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 0.00 0.00Pacific Western Bank MM 0.00 0.00 0.00 0.00 249,049.46 249,174.02 243,582.52 244,010.55 244,084.22 244,084.22 244,084.22 0.00 73.67Capital 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 0.00 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 0.00 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 0.00 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 0.00 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 0.00 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 0.00 0.00Due (to)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 191,450.96 (20,928.65) (30,642.15) (32,817.31) (2,175.16) (224,268.27)

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 6,843,557.98 6,979,973.96 7,032,023.88 52,049.92 231,938.55Homeowner DelinquencyAR - Special Assessment Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 173,633.61 126,892.72 122,279.49 (4,613.23) (129,306.19)

Total Homeowner Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 173,633.61 126,892.72 122,279.49 (4,613.23) (129,306.19)

Other AssetsA/R Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Unamortized Discount 0.00 0.00 0.00 0.00 0.00 (18.77) 0.00 (316.85) (201.61) (172.80) (143.99) 28.81 172.86Accrued Interest Receivable 0.00 0.00 0.00 0.00 3,717.38 13,909.80 10,837.54 8,014.69 20,781.86 17,583.03 10,165.92 (7,417.11) 2,151.23Unamortized Premium 0.00 0.00 0.00 0.00 4,399.02 16,422.38 8,932.58 10,946.92 9,371.16 8,977.36 8,583.56 (393.80) (2,363.36)Due (To)/From Reserves 0.00 0.00 0.00 0.00 0.00 (4,231.73) (12,719.28) 105,317.64 105,317.64 105,317.64 105,317.64 0.00 0.00

Total Other Assets 0.00 0.00 0.00 0.00 8,116.40 26,081.68 7,050.84 123,962.40 135,269.05 131,705.23 123,923.13 (7,782.10) (39.27)

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 7,152,460.64 7,238,571.91 7,278,226.50 39,654.59 102,593.09

LiabilitiesPrepaid - SPA Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 0.00 19,995.34 0.00 (19,995.34) -22,981.07Capital Lease Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Expenses 1,498.22 0.00 0.00 0.00 0.00 40,030.84 0.00 30,168.50 0.00 0.00 0.00 0.00 -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 0.00 19,995.34 0.00 (19,995.34) (53,149.57)

EquityInterfund 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) (5,048.11) (8,908.75) (8,908.75) 0.00 137,921.74Prior Period Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 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 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 35,024.91 105,001.48 164,651.41 59,649.93 (2,491,440.21)

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 7,152,460.64 7,218,576.57 7,278,226.50 59,649.93 155,742.66

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 7,152,460.64 7,238,571.91 7,278,226.50 39,654.59 102,593.09

7

07/17/2020 3:37:53 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 1,993,005 1,042,101 282,510 56,252 3,373,868 0 0 0 0 0

40015 Assessment - Commercial 47,345 0 0 0 47,345 0 0 0 0 0

40020 Assessment - Non Member Country Club 2,790 10,965 0 0 13,755 0 0 0 0 0

40021 Bad Debt - Contra 1,334 (3,343) (2,859) 0 (4,868) 0 0 0 0 0

41000 Reserve Transfer 0 0 0 0 0 215,000 176,500 152,500 0 544,000

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

45000 CC&R Transfer Fee 95,140 0 0 0 95,140 0 0 0 0 0

45125 Arc & Landscape Review Fees 10,850 0 0 0 10,850 0 0 0 0 0

45156 Late Fee 12,089 0 0 0 12,089 0 0 0 0 0

45245 Fines 7,150 0 0 0 7,150 0 0 0 0 0

45405 Gate Transmitters/Clickers 0 0 1,800 0 1,800 0 0 0 0 0

45550 Activity Fee 0 14,840 0 0 14,840 0 0 0 0 0

45560 Massage Fee 0 13,451 0 0 13,451 0 0 0 0 0

45565 Guest Fees for Facility 0 2,692 0 0 2,692 0 0 0 0 0

45570 Instruction Revenue 0 2,835 0 0 2,835 0 0 0 0 0

45580 Kids Camp 0 4,541 0 0 4,541 0 0 0 0 0

45645 Interest - Financial 1,508 0 0 0 1,508 13,249 8,546 19,229 0 41,024

45646 Interest - HO 1,484 0 0 0 1,484 0 0 0 0 0

45925 Sales - Other, Non Alcohol 0 9 0 0 9 0 0 0 0 0

46005 Green Fee/Equip Rental/Merch 2,482 0 0 0 2,482 0 0 0 0 0

46015 Community Event Revenue 160 0 0 0 160 0 0 0 0 0

90000 Reserve Transfer (215,000) (176,500) (152,500) 0 (544,000) 0 0 0 0 0

TOTAL REVENUE $1,960,336 $911,591 $128,951 $56,252 $3,057,130 $228,249 $185,046 $171,729 $0 $585,024

EXPENSES

Payroll and Benefits

60005 P/R - Administrative 155,086 198,016 35,844 10,333 399,279 0 0 0 0 0

Total Payroll and Benefits $155,086 $198,016 $35,844 $10,333 $399,279 $0 $0 $0 $0 $0

Landscaping

70005 L/S - Contract 473,199 4,071 0 13,890 491,160 0 0 0 0 0

Page 1 of


4

8



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


70025 L/S - Repairs/Maintenance (560) 0 0 0 (560) 0 0 0 0 0

71005 L/S - Renovations/Improvements 838 0 0 0 838 101,136 0 0 0 101,136

71040 L/S - Ditch Maintenance (6,476) 0 0 0 (6,476) 0 0 0 0 0

71225 L/S - Irrigation 2,475 0 0 0 2,475 61,325 0 0 0 61,325

Total Landscaping $469,475 $4,071 $0 $13,890 $487,436 $162,461 $0 $0 $0 $162,461

Repairs and Maintenance

72000 R/M - Maintenance Allocation 18,193 49,293 24,646 0 92,132 0 0 0 0 0

72010 R/M - Supplies, Small Tools & Equipment 0 726 0 0 726 0 0 0 0 0

72050 R/M - Fences,Signs,Rock Walls, Misc 0 0 0 0 0 11,027 0 0 0 11,027

72090 R/M - Snow Plowing & Sanding 2,587 0 16,534 2,284 21,405 0 0 0 0 0

72100 R/M - Lighting Maintenance 0 0 0 0 0 406 0 0 0 406

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

72200 R/M - Janitorial Supplies 152 6,139 0 0 6,291 0 0 0 0 0

72220 Gate Maintenance 0 0 7,544 0 7,544 0 0 3,967 0 3,967

72225 Gate - Clickers 888 0 2,215 0 3,103 0 0 0 0 0

72235 Loan Interest - Common 94,937 0 0 0 94,937 0 0 0 0 0

72240 C9 Operations 116,856 0 0 0 116,856 0 0 0 0 0

72298 Pool/Spa - Chemicals 0 14,569 0 0 14,569 0 0 0 0 0

72300 Pool/Spa Service Contract 0 6,577 0 0 6,577 0 0 0 0 0

72310 Pool/Spa - Repairs & Supplies 0 0 0 0 0 0 16,535 0 0 16,535

72317 Pool - Utilities 0 9,695 0 0 9,695 0 0 0 0 0

72368 Activity Supplies 0 4,177 0 0 4,177 0 0 0 0 0

72385 R/M - Paving 0 0 0 0 0 36,373 0 20,938 0 57,311

72400 R/M - Concrete Borders 0 0 0 0 0 1,560 0 0 0 1,560

72420 R/M - Floor 0 0 0 0 0 0 17,850 0 0 17,850

72440 R/M - Building 0 9,397 0 0 9,397 0 552 0 0 552

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

72450 R/M - Paint 41 0 0 0 41 33,000 61,450 0 0 94,450

72455 R/M - Pool 0 0 0 0 0 0 20,932 0 0 20,932

72480 Contracted Services 7,458 73,160 7,175 0 87,793 0 0 0 0 0

Total Repairs and Maintenance $241,112 $173,733 $58,113 $2,284 $475,243 $105,230 $117,906 $24,905 $0 $248,041

Building Maintenance

Page 2 of


4

9



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


76030 Complimentary Supplies 0 4,082 0 0 4,082 0 0 0 0 0

Total Building Maintenance $0 $4,082 $0 $0 $4,082 $0 $0 $0 $0 $0

Utilities

74005 Electricity 17,039 10,247 400 0 27,686 0 0 0 0 0

74035 C9 Electricity 916 0 0 0 916 0 0 0 0 0

74065 Water 156,740 4,828 0 0 161,568 0 0 0 0 0

74070 Sewer & Waste Removal 291 8,944 0 0 9,236 0 0 0 0 0

74095 Gas 0 5,790 0 0 5,790 0 0 0 0 0

74125 Telephone 192 2,835 12,614 0 15,641 0 0 0 0 0

Total Utilities $175,178 $32,644 $13,014 $0 $220,836 $0 $0 $0 $0 $0

Community Safety

75085 Patrol Service 29,799 2,129 10,643 0 42,571 0 0 0 0 0

Total Community Safety $29,799 $2,129 $10,643 $0 $42,571 $0 $0 $0 $0 $0

Administrative

77015 Fees & Permits 245 5,684 0 0 5,929 0 0 0 0 0

77020 Account Reimbursable 5,893 0 0 0 5,893 0 0 0 0 0

77050 Collection Cost 15,893 0 0 0 15,893 0 0 0 0 0

77055 Town Square Assessments 0 33,477 0 0 33,477 0 0 0 0 0

77070 Reserve Study Preparation 0 0 0 0 0 3,218 3,265 3,218 0 9,700

77110 Travel/Mileage Expense 0 2,521 0 0 2,521 0 0 0 0 0

77125 Recruitment/Employee Relations 0 4,867 0 0 4,867 0 0 0 0 0

77135 Education/Training 409 0 0 0 409 0 0 0 0 0

77200 Management Fees 45,247 11,203 2,451 1,500 60,401 0 0 0 0 0

77230 Office Supplies 1,612 1,175 0 0 2,787 171 0 0 0 171

77260 Postage/Printing 1,166 143 0 0 1,309 0 0 0 0 0

77270 Community Website & Newsletter 1,345 3,503 0 0 4,847 0 0 0 0 0

77290 Mobile Phones/Radios 0 3,225 0 0 3,225 0 0 0 0 0

77350 Community Events 150 0 0 0 150 0 0 0 0 0

77530 Bank/Credit Card Service Charges 210 1,531 0 0 1,741 0 0 0 0 0

77630 Massage Therapist Payout 0 11,865 0 0 11,865 0 0 0 0 0

Page 3 of


4

10



8290 ARVILLE STREET

Las Vegas NV 89139

CommonArea


TOTAL CommonArea


TOTAL


77632 Fitness Instructors 0 18,665 0 0 18,665 0 0 0 0 0

77645 R/M - Fitness Supplies 0 11,269 0 0 11,269 0 0 0 0 0

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

77730 Architect Review - Landscape & Custom 24,147 0 0 0 24,147 0 0 0 0 0

77740 Consulting/Professional Service 3,569 0 0 0 3,569 0 0 0 0 0

77760 Legal Fees 40,009 0 0 0 40,009 0 0 0 0 0

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

77770 Rock Wall Monitoring 15,442 0 0 0 15,442 0 0 0 0 0

77900 Loan Interest - TCTC 0 45,499 0 0 45,499 0 0 0 0 0

77950 Depreciation Expense 1,950 127,747 0 0 129,696 0 0 0 0 0

Total Administrative $158,318 $282,439 $2,451 $1,500 $444,708 $3,389 $3,265 $3,218 $0 $9,871

Taxes and Insurance

78005 Taxes - Real Property 3,486 0 0 0 3,486 0 0 0 0 0

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

78045 Taxes - Federal Income 0 22,000 0 0 22,000 0 0 0 0 0

78105 Ins - Liability & Property 5,682 20,038 4,187 0 29,907 0 0 0 0 0

78190 Ins - Directors & Officers 8,290 0 0 0 8,290 0 0 0 0 0

78240 Ins - Workmens Comp 206 0 0 0 206 0 0 0 0 0

Total Taxes and Insurance $18,422 $42,038 $4,187 $0 $64,646 $0 $0 $0 $0 $0

TOTAL EXPENSES $1,247,391 $739,152 $124,252 $28,007 $2,138,801 $271,079 $121,171 $28,122 $0 $420,373

EXCESS OF REVENUES/EXPENSES $712,946 $172,439 $4,699 $28,245 $918,329 ($42,831) $63,875 $143,607 $0 $164,651

Page 4 of


4

11

07/17/2020 3:39:24 PM SOA Statement of Revenue & Expenses -Common Area Operating Fund

SOME Somersett Owners Association06/30/2020

FIRSTSERVICE RESIDENTIAL, NEVADA, LLC

8290 ARVILLE STREET

Las Vegas NV 89139

GL Jun Jun Jun YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget

REVENUE

40005 Assessments 331,905 333,270 (1,365) 1,993,005 1,996,890 (3,885) 4,001,760

40015 Assessment - Commercial 7,891 7,891 0 47,345 47,345 0 94,689

40020 Assessment - Non Member Country Club 465 470 (5) 2,790 2,823 (33) 5,645

40021 Bad Debt - Contra 5,006 0 5,006 1,334 (3,000) 4,334 (10,000)

43500 Special Assessments 0 0 0 0 0 0 0

45000 CC&R Transfer Fee 20,366 12,000 8,366 95,140 80,000 15,140 175,000

45125 Arc & Landscape Review Fees 125 6,500 (6,375) 10,850 27,700 (16,850) 43,000

45156 Late Fee 4,215 1,200 3,015 12,089 8,400 3,689 15,000

45245 Fines 4,350 300 4,050 7,150 1,800 5,350 3,600

45645 Interest - Financial 57 67 (9) 1,508 400 1,108 800

45646 Interest - HO 536 100 436 1,484 600 884 1,200

45800 Loan Payment Carryover 0 (16,698) 16,698 0 (98,124) 98,124 (197,725)

46005 Green Fee/Equip Rental/Merch 0 5,000 (5,000) 2,482 12,800 (10,318) 34,000

46015 Community Event Revenue 0 0 0 160 0 160 500

46475 SGCC Lease 0 500 (500) 0 14,910 (14,910) 29,120

90000 Reserve Transfer (35,833) (35,833) 0 (215,000) (215,000) 0 (430,000)

TOTAL REVENUE $339,083 $314,766 $24,317 $1,960,336 $1,877,543 $82,793 $3,766,589

EXPENSES

Landscaping

70005 L/S - Contract 80,048 82,048 2,000 473,199 492,290 19,090 984,579

70025 L/S - Repairs/Maintenance 0 5,000 5,000 (560) 15,000 15,560 50,000

71005 L/S - Renovations/Improvements 0 1,500 1,500 838 13,000 12,162 40,000

71040 L/S - Ditch Maintenance (125) 0 125 (6,476) 0 6,476 18,500

71225 L/S - Irrigation 0 2,000 2,000 2,475 3,000 525 15,000

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

72090 R/M - Snow Plowing & Sanding 0 0 0 2,587 30,000 27,413 40,000

Total Landscaping $79,923 $90,548 $10,625 $472,062 $553,540 $81,478 $1,148,579

Utilities and Maintenance

72000 R/M - Maintenance Allocation 4,116 4,400 284 18,193 26,400 8,207 54,060

74005 Electricity 3,166 3,800 634 17,039 14,200 (2,839) 37,000

74035 C9 Electricity 143 500 357 916 3,500 2,584 7,000

74065 Water 79,988 65,000 (14,988) 156,740 109,600 (47,140) 400,500

74070 Sewer & Waste Removal 49 49 0 291 295 4 590

74125 Telephone 32 35 3 192 210 18 420

72462 Contingency 0 0 0 0 0 0 564,486

Total Utilities and Maintenance $87,494 $73,784 ($13,709) $193,371 $154,205 ($39,166) $1,064,056

General and Administrative

77200 Management Fees 6,431 6,473 42 45,247 38,791 (6,456) 77,728

77230 Office Supplies 371 200 (171) 1,612 2,700 1,088 5,000

77260 Postage/Printing 91 4,000 3,909 1,166 11,000 9,834 35,000

60005 P/R - Administrative 23,472 27,500 4,028 155,086 165,000 9,914 352,500

72480 Contracted Services 1,021 11,263 10,242 7,458 67,580 60,122 135,160

77740 Consulting/Professional Service 910 4,000 3,090 3,569 18,000 14,431 30,000

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

77760 Legal Fees 9,774 10,000 226 40,009 50,000 9,991 100,000

77765 Rockery Wall Lawsuit 0 10,000 10,000 1,031 50,000 48,969 100,000

77770 Rock Wall Monitoring 2,993 0 (2,993) 15,442 5,000 (10,442) 21,250Page 1 of


2

12

07/17/2020 3:39:24 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 0 210 210 0 420

77015 Fees & Permits 13 0 (13) 245 50 (195) 24,000

77050 Collection Cost 14,641 0 (14,641) 15,893 0 (15,893) 0

77135 Education/Training 0 0 0 409 500 91 1,000

77950 Depreciation Expense 140 0 (140) 1,950 3,200 1,250 6,400

78005 Taxes - Real Property 0 0 0 3,486 5,500 2,014 26,870

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

77020 Account Reimbursable 174 600 426 5,893 5,700 (193) 12,000

Total General and Administrative $60,066 $74,071 $14,004 $299,464 $423,231 $123,767 $931,228

AGC Expenses

77730 Architect Review - Landscape & Custom 7,348 0 (7,348) 24,147 22,200 (1,947) 43,200

Total AGC Expenses $7,348 $0 ($7,348) $24,147 $22,200 ($1,947) $43,200

C9 Operations and Community Access

72235 Loan Interest - Common 15,891 15,516 (375) 94,937 95,162 225 188,846

72240 C9 Operations 22,917 22,083 (833) 116,856 132,500 15,644 265,000

Total C9 Operations and Community Access $38,808 $37,600 ($1,209) $211,793 $227,662 $15,868 $453,846

Patrol/Community Events

75085 Patrol Service 6,310 5,236 (1,074) 29,799 31,415 1,616 62,830

76035 Canyon Nine Operational Expenses 0 0 0 0 2,000 2,000 7,500

77350 Community Events 0 100 100 150 3,000 2,850 17,000

77270 Community Website & Newsletter 1,030 75 (955) 1,345 495 (850) 4,300

Total Patrol/Community Events $7,340 $5,411 ($1,929) $31,294 $36,910 $5,616 $91,630

Insurance

78105 Ins - Liability & Property 947 854 (93) 5,682 5,125 (557) 10,250

78190 Ins - Directors & Officers 1,382 1,962 581 8,290 11,774 3,483 23,547

78240 Ins - Workmens Comp 41 21 (20) 206 126 (80) 253

Total Insurance $2,370 $2,838 $468 $14,179 $17,025 $2,846 $34,050

TOTAL EXPENSES $283,349 $284,251 $903 $1,246,309 $1,434,772 $188,462 $3,766,589

EXCESS OF REVENUE/EXPENSES $55,735 $30,515 $25,220 $712,946 $442,771 $270,174 $0

Page 2 of


2

13

07/17/2020 3:40:31 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 173,461 174,588 (1,127) 1,042,101 1,045,572 (3,471) 2,097,552

40020 Assessment - Non Member Country Club 1,635 2,333 (698) 10,965 14,000 (3,035) 28,000

40021 Bad Debt - Contra 1,329 (833) 2,162 (3,343) (5,000) 1,657 (10,000)

45645 Interest - Financial 0 0 0 0 0 0 0


Total Assessment Revenue $147,008 $146,672 $337 $873,223 $878,072 ($4,849) $1,762,552

Operations Revenue

45550 Activity Fee (1,784) 1,000 (2,784) 14,840 32,000 (17,160) 60,000

45555 Swim Lesson Fee 0 2,250 (2,250) 0 8,500 (8,500) 10,000

45560 Massage Fee 2,954 2,000 954 13,451 11,000 2,451 25,000

45565 Guest Fees for Facility 120 3,500 (3,380) 2,692 10,000 (7,308) 16,000

45570 Instruction Revenue 0 1,500 (1,500) 2,835 7,800 (4,965) 14,000

45575 Private Party/Room Rental 0 0 0 0 750 (750) 4,350

45580 Kids Camp (5,672) 10,000 (15,672) 4,541 73,500 (68,959) 90,700

Total Operations Revenue ($4,382) $20,250 ($24,632) $38,359 $143,550 ($105,191) $220,050

Food & Beverage Revenue

45800 Loan Payment Carryover 0 (8,017) 8,017 0 (47,109) 47,109 (94,927)

45845 Sales - Snack Bar Food 0 5,000 (5,000) 0 6,300 (6,300) 16,000

45885 Sales - Alcohol 0 2,500 (2,500) 0 3,000 (3,000) 8,000

45925 Sales - Other, Non Alcohol 0 1,000 (1,000) 9 1,500 (1,491) 5,000

Total Food & Beverage Revenue $0 $483 ($483) $9 ($36,309) $36,318 ($65,927)

TOTAL REVENUE $142,626 $167,405 ($24,779) $911,591 $985,313 ($73,722) $1,916,675

EXPENSES

Cost of Sales

50005 COS - Snack Bar Supplies 0 400 400 0 1,400 1,400 2,200

50010 COS - Food 0 2,000 2,000 0 5,500 5,500 11,000

50015 COS - Alcohol 0 500 500 0 1,500 1,500 3,200

50025 COS - Non Alcohol 0 1,000 1,000 0 1,950 1,950 4,500

Total Cost of Sales $0 $3,900 $3,900 $0 $10,350 $10,350 $20,900

Operations

77630 Massage Therapist Payout 2,336 1,500 (836) 11,865 12,800 935 25,000

77632 Fitness Instructors 3,381 9,500 6,119 18,665 46,500 27,835 95,000

77645 R/M - Fitness Supplies 5,630 1,200 (4,430) 11,269 6,700 (4,569) 16,000

72368 Activity Supplies 0 3,000 3,000 4,177 11,700 7,523 25,000

77707 Summer Camp (3,011) 3,000 6,011 65 18,000 17,935 27,000

60005 P/R - Administrative 37,292 79,500 42,208 198,016 331,500 133,484 743,500

77110 Travel/Mileage Expense 296 300 4 2,521 2,800 279 6,000

77125 Recruitment/Employee Relations 0 1,500 1,500 4,867 6,900 2,033 12,000

77290 Mobile Phones/Radios 605 450 (155) 3,225 2,700 (525) 5,400

Total Operations $46,530 $99,950 $53,420 $254,670 $439,600 $184,930 $954,900


77200 Management Fees 1,830 1,838 8 11,203 11,029 (174) 22,058

Page 1 of


2

14

07/17/2020 3:40:31 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Operating FundSOME Somersett Owners Association


8290 ARVILLE STREET

Las Vegas NV 89139


77230 Office Supplies 405 200 (205) 1,175 1,800 625 4,000

77260 Postage/Printing 0 0 0 143 0 (143) 0

77270 Community Website & Newsletter 2,402 300 (2,102) 3,503 1,500 (2,003) 10,000

72480 Contracted Services 13,383 12,000 (1,383) 73,160 66,000 (7,160) 132,595

75085 Patrol Service 451 317 (134) 2,129 1,900 (229) 3,800

78105 Ins - Liability & Property 3,340 3,012 (328) 20,038 18,072 (1,965) 36,145

77015 Fees & Permits 341 700 359 5,684 8,100 2,416 12,000

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

78045 Taxes - Federal Income 0 0 0 22,000 0 (22,000) 0

77530 Bank/Credit Card Service Charges 22 600 578 1,531 2,300 769 5,500

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

77760 Legal Fees 0 0 0 0 500 500 1,000

77950 Depreciation Expense 21,074 22,264 1,190 127,747 133,583 5,837 267,166

77055 Town Square Assessments 5,580 5,580 0 33,477 33,477 0 66,955

Total General and Administrative $48,826 $46,810 ($2,016) $301,789 $284,462 ($17,327) $571,619

Building Expense

72425 Special Projects - TCTC Expansion 0 15,000 15,000 0 15,000 15,000 50,000

72440 R/M - Building 2,007 6,000 3,993 9,397 24,000 14,603 50,000

70005 L/S - Contract 625 625 0 4,071 3,750 (321) 7,500


72010 R/M - Supplies, Small Tools & Equipment 0 200 200 726 2,650 1,924 4,000

76030 Complimentary Supplies 72 1,000 928 4,082 7,300 3,218 16,270

72200 R/M - Janitorial Supplies 5,048 1,000 (4,048) 6,139 6,000 (139) 12,000

72298 Pool/Spa - Chemicals 2,464 3,500 1,036 14,569 8,500 (6,069) 17,000

72300 Pool/Spa Service Contract 966 1,000 34 6,577 2,700 (3,877) 5,000

72317 Pool - Utilities 865 1,500 635 9,695 9,000 (695) 15,500

74005 Electricity 2,315 4,000 1,685 10,247 18,800 8,553 40,500

74065 Water 1,284 2,000 716 4,828 5,500 672 13,500

74070 Sewer & Waste Removal 2,336 500 (1,836) 8,944 3,200 (5,744) 10,000

74095 Gas 1,370 1,900 531 5,790 6,500 710 13,000

74125 Telephone 511 402 (109) 2,835 2,412 (423) 4,822

Total Building Expense $28,085 $47,427 $19,342 $137,194 $168,112 $30,918 $365,392

Club Loan

77900 Loan Interest - TCTC 7,617 7,449 (167) 45,499 45,687 187 90,664

Total Club Loan $7,617 $7,449 ($167) $45,499 $45,687 $187 $90,664

TOTAL EXPENSES $131,058 $205,537 $74,478 $739,152 $948,211 $209,059 $2,003,475

EXCESS OF REVENUE/EXPENSES $11,568 ($38,132) $49,700 $172,439 $37,103 $135,336 ($86,800)

Page 2 of


2

15

07/17/2020 3:41:32 PM SOA Statement of Revenue & Expenses -Gates Operating Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

40005 Assessments 46,950 47,196 (246) 282,510 283,176 (666) 566,352

40021 Bad Debt - Contra 378 (375) 753 (2,859) (2,250) (609) (4,500)

45405 Gate Transmitters/Clickers 1,125 525 600 1,800 2,275 (475) 4,700


TOTAL REVENUE $23,036 $21,929 $1,107 $128,951 $130,701 ($1,750) $261,552

EXPENSES


77200 Management Fees 454 438 (16) 2,451 2,625 174 5,251

72480 Contracted Services 951 1,183 232 7,175 7,100 (75) 14,200

60005 P/R - Administrative 5,740 6,300 560 35,844 37,800 1,956 75,600

75085 Patrol Service 2,254 1,939 (315) 10,643 11,632 989 23,264

78105 Ins - Liability & Property 698 629 (69) 4,187 3,776 (411) 7,552

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

77760 Legal Fees 0 250 250 0 500 500 1,000

Total General and Administrative $10,097 $10,739 $642 $60,300 $63,433 $3,133 $127,767

Utilities

74005 Electricity 76 100 24 400 600 200 1,200

74125 Telephone 1,484 1,430 (54) 12,614 8,580 (4,034) 17,160

Total Utilities $1,561 $1,530 ($31) $13,014 $9,180 ($3,834) $18,360

Maintenance



72220 Gate Maintenance 170 500 330 7,544 4,700 (2,844) 8,500

72225 Gate - Clickers 0 0 0 2,215 2,500 285 4,500

Total Maintenance $4,286 $4,900 $614 $50,938 $61,600 $10,662 $115,425

TOTAL EXPENSES $15,943 $17,169 $1,226 $124,252 $134,213 $9,962 $261,552

EXCESS OF REVENUE/EXPENSES $7,093 $4,760 $2,333 $4,699 ($3,512) $8,212 $0

Page 1 of


1

16

07/17/2020 3:46:56 PM SOA Statement of Revenue & Expenses -Town Square Operating Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE

40005 Assessments 9,375 9,375 0 56,252 56,253 0 112,505

TOTAL REVENUE $9,375 $9,375 $0 $56,252 $56,253 $0 $112,505

EXPENSES

Landscaping

70005 L/S - Contract 2,315 2,315 0 13,890 13,890 0 27,780

71005 L/S - Renovations/Improvements 0 500 500 0 1,500 1,500 3,000

71225 L/S - Irrigation 0 1,000 1,000 0 1,750 1,750 2,500


Total Landscaping $2,315 $3,815 $1,500 $16,174 $43,140 $26,966 $68,280


77200 Management Fees 250 250 0 1,500 1,500 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 1,703 1,850 147 10,333 11,100 767 22,200

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

77760 Legal Fees 0 125 125 0 750 750 1,500

77005 Bad Debt 0 3,455 3,455 0 6,910 6,910 13,820

Total General and Administrative $1,953 $5,880 $3,927 $11,833 $20,760 $8,927 $42,225

TOTAL EXPENSES $4,268 $9,695 $5,427 $28,007 $63,900 $35,893 $110,505

EXCESS OF REVENUE/EXPENSES $5,107 ($420) $5,527 $28,245 ($8,547) $36,793 $0

Page 1 of


1

17

07/17/2020 3:42:19 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 0 215,000 215,000 0 430,000

45645 Interest - Financial (2,939) 0 (2,939) 13,249 0 13,249 0

TOTAL REVENUE $32,894 $35,833 ($2,939) $228,249 $215,000 $13,249 $430,000

EXPENSES

Landscaping

71005 L/S - Renovations/Improvements 2,145 23,916 21,771 101,136 47,832 (53,304) 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 12,694 12,694 61,325 50,776 (10,549) 114,246

Total Landscaping $2,145 $36,610 $34,465 $162,461 $98,608 ($63,853) $378,098


72050 R/M - Fences,Signs,Rock Walls, Misc 0 8,865 8,865 11,027 53,190 42,163 106,380

72100 R/M - Lighting Maintenance 0 0 0 406 0 (406) 7,804

72265 Lake/Pond Repair 0 78,797 78,797 0 157,594 157,594 157,594

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

72400 R/M - Concrete Borders 1,560 0 (1,560) 1,560 0 (1,560) 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 22,958 22,958 22,864 22,958 94 114,790

72450 R/M - Paint 33,000 0 (33,000) 33,000 0 (33,000) 0

Total Repairs and Maintenance $34,560 $110,620 $76,060 $105,230 $233,742 $128,512 $491,158

Administrative

77070 Reserve Study Preparation 0 0 0 3,218 0 (3,218) 0

77230 Office Supplies 0 0 0 171 0 (171) 1,938

Total Administrative $0 $0 $0 $3,389 $0 ($3,389) $1,938

TOTAL EXPENSES $36,705 $147,230 $110,525 $271,079 $332,350 $61,271 $871,194

EXCESS OF REVENUES/EXPENSES ($3,811) ($111,397) $107,586 ($42,831) ($117,350) $74,519 ($441,194)

Page 1 of


1

18

07/17/2020 3:43:39 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE


45645 Interest - Financial 2,697 0 2,697 8,546 0 8,546 0

TOTAL REVENUE $32,114 $29,417 $2,697 $185,046 $176,500 $8,546 $353,000

EXPENSES


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

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

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

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

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

72310 Pool/Spa - Repairs & Supplies 0 0 0 16,535 12,000 (4,535) 60,848

72400 R/M - Concrete Borders 0 0 0 0 48,256 48,256 96,512

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

72420 R/M - Floor (29,800) 0 29,800 17,850 28,896 11,046 57,792

72440 R/M - Building 0 12,929 12,929 552 51,716 51,164 103,432

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

72450 R/M - Paint 9,000 0 (9,000) 61,450 6,820 (54,630) 6,820

72455 R/M - Pool 0 0 0 20,932 39,860 18,928 39,860

Total Repairs and Maintenance ($20,800) $12,929 $33,729 $117,906 $833,025 $715,119 $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 $0 $0 $0 $3,265 $0 ($3,265) $1,400

TOTAL EXPENSES ($20,800) $12,929 $33,729 $121,171 $833,025 $711,854 $1,126,925

EXCESS OF REVENUES/EXPENSES $52,914 $16,488 $36,426 $63,875 ($656,525) $720,400 ($773,925)

Page 1 of


1

19

07/17/2020 3:45:00 PM SOA Statement of Revenue & Expenses -Gates Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


REVENUE


45645 Interest - Financial 6,068 0 6,068 19,229 0 19,229 0

TOTAL REVENUE $31,485 $25,417 $6,068 $171,729 $152,500 $19,229 $305,000

EXPENSES


72220 Gate Maintenance 0 5,593 5,593 3,967 11,186 7,219 16,779

72385 R/M - Paving 20,938 0 (20,938) 20,938 0 (20,938) 11,226

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

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

Total Repairs and Maintenance $20,938 $5,593 ($15,345) $24,905 $16,539 ($8,366) $64,877

Administrative


Total Administrative $0 $0 $0 $3,218 $0 ($3,218) $0

TOTAL EXPENSES $20,938 $5,593 ($15,345) $28,122 $16,539 ($11,583) $64,877

EXCESS OF REVENUES/EXPENSES $10,547 $19,824 ($9,277) $143,607 $135,961 $7,646 $240,123

Page 1 of


1

20

07/17/2020 3:47:49 PM SOA Statement of Revenue & Expenses -Town Square Reserve Fund



8290 ARVILLE STREET

Las Vegas NV 89139


EXPENSES

TOTAL EXPENSES $0 $0 $0 $0 $0 $0 $0

EXCESS OF REVENUES/EXPENSES $0 $0 $0 $0 $0 $0 $0

Page 1 of


1

21

07/17/2020 3:46:34 PM SOA Projected Statement of Revenue & Expenses - CommonArea



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Descript Jan Act Feb Act Mar Act Apr Act May Act Jun Act 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 332,220 332,220 332,220 332,220 332,220 331,905 333,270 334,320 334,320 334,320 334,320 334,320 3,997,875 4,001,760 (3,885)

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 452 469 469 469 465 465 470 470 470 470 470 470 5,613 5,645 (33)

40021 Bad Debt - Contr 0 0 (3,672) 0 0 5,006 0 (5,000) 0 0 0 (2,000) (5,666) (10,000) 4,334

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 23,041 14,394 14,655 20,366 15,000 20,000 18,000 15,000 15,000 12,000 190,140 175,000 15,140

45125 Arc & Landscape 375 875 2,850 2,875 3,750 125 4,000 4,000 2,500 2,000 1,500 1,300 26,150 43,000 (16,850)

45156 Late Fee 7,400 3,600 (1,926) (875) (325) 4,215 1,000 1,200 1,000 1,200 1,200 1,000 18,689 15,000 3,689

45245 Fines 350 800 700 200 750 4,350 300 300 300 300 300 300 8,950 3,600 5,350

45645 Interest - Financi 534 499 271 83 65 57 67 67 67 67 67 67 1,908 800 1,108

45646 Interest - HO 571 575 (192) (6) (1) 536 100 100 100 100 100 100 2,084 1,200 884

45800 Loan Payment Car 0 0 0 0 0 0 (16,253) (16,835) (16,395) (16,466) (17,042) (16,610) (99,601) (197,725) 98,124

46005 Green Fee/Equip 474 1,414 594 0 0 0 6,000 6,000 3,200 3,000 1,500 1,500 23,682 34,000 (10,318)

46015 Community Event 0 0 160 0 0 0 0 0 0 500 0 0 660 500 160

46475 SGCC Lease 0 0 0 0 0 0 500 500 11,710 500 500 500 14,210 29,120 (14,910)

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 $326,573 $321,417 $323,636 $339,083 $316,512 $317,179 $327,329 $313,049 $309,972 $305,004 $3,849,382 $3,766,589 $82,793

EXPENSES


60005 P/R - Administrat 25,666 28,950 25,666 25,666 25,666 23,472 27,500 27,500 27,500 27,500 27,500 50,000 342,586 352,500 9,914

Total Payroll and Benefits $25,666 $28,950 $25,666 $25,666 $25,666 $23,472 $27,500 $27,500 $27,500 $27,500 $27,500 $50,000 $342,586 $352,500 $9,914

Landscaping

70005 L/S - Contract 80,958 80,048 80,048 72,048 80,048 80,048 82,048 82,048 82,048 82,048 82,048 82,048 965,489 984,579 19,090

70025 L/S - Repairs/Ma 0 0 0 0 (560) 0 5,000 5,000 5,000 10,000 10,000 0 34,440 50,000 15,560

71005 L/S - Renovation 0 0 0 0 838 0 2,000 2,000 3,000 10,000 10,000 0 27,838 40,000 12,162

71040 L/S - Ditch Maint 2,179 0 0 0 (8,530) (125) 0 0 0 0 18,500 0 12,024 18,500 6,476

71225 L/S - Irrigation 0 0 0 2,475 0 0 2,000 3,000 2,000 5,000 0 0 14,475 15,000 525

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

Page 1 of


3

22




8290 ARVILLE STREET

Las Vegas NV 89139


Total Landscaping $83,137 $80,048 $80,048 $74,523 $71,795 $79,923 $91,048 $92,048 $92,048 $107,298 $120,548 $82,048 $1,054,514 $1,108,579 $54,065


72000 R/M - Maintenan 4,106 4,106 4,106 (2,347) 4,106 4,116 4,400 4,400 4,400 4,400 4,400 5,660 45,853 54,060 8,207

72090 R/M - Snow Plo 1,100 0 0 1,488 0 0 0 0 0 0 0 10,000 12,587 40,000 27,413

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 15,068 15,068 16,483 15,891 15,962 15,379 15,819 15,748 15,172 15,604 188,621 188,846 225

72240 C9 Operations 0 22,917 22,917 25,190 22,917 22,917 22,083 22,083 22,083 22,083 22,083 22,083 249,356 265,000 15,644

72450 R/M - Paint 0 0 0 0 41 0 0 0 0 0 0 0 41 0 (41)

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 2,340 863 587 1,021 11,263 11,263 11,263 11,263 11,263 11,263 75,038 135,160 60,122

76035 Canyon Nine Oper 0 0 0 0 0 0 500 500 500 2,000 2,000 0 5,500 7,500 2,000

Total Repairs and Maintenance $22,828 $45,513 $44,431 $40,261 $44,134 $43,945 $54,208 $53,626 $54,066 $55,495 $54,919 $629,097 $1,142,522 $1,255,052 $112,529

Utilities

74005 Electricity 1,627 3,164 3,094 2,857 3,131 3,166 4,000 4,000 4,000 3,800 3,500 3,500 39,839 37,000 (2,839)

74035 C9 Electricity 199 143 143 146 143 143 500 1,000 500 500 500 500 4,416 7,000 2,584

74065 Water 1,146 3,251 2,326 5,459 64,570 79,988 77,000 87,000 87,000 20,000 18,000 1,900 447,640 400,500 (47,140)

74070 Sewer & Waste R 49 49 47 49 49 49 49 49 49 49 49 49 586 590 4

74125 Telephone 34 32 30 32 32 32 35 35 35 35 35 35 402 420 18

Total Utilities $3,055 $6,639 $5,641 $8,542 $67,923 $83,378 $81,584 $92,084 $91,584 $24,384 $22,084 $5,984 $492,883 $445,510 ($47,373)

Community Safety

75085 Patrol Service 5,266 5,044 5,314 4,848 3,018 6,310 5,236 5,236 5,236 5,236 5,236 5,236 61,214 62,830 1,616

Total Community Safety $5,266 $5,044 $5,314 $4,848 $3,018 $6,310 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $61,214 $62,830 $1,616

Administrative

77015 Fees & Permits (43) 275 0 0 0 13 0 500 0 300 0 23,150 24,195 24,000 (195)

77020 Account Reimburs 0 4,010 916 445 347 174 2,000 800 800 500 1,000 1,200 12,193 12,000 (193)

77050 Collection Cost 252 0 0 0 1,000 14,641 0 0 0 0 0 0 15,893 0 (15,893)

77135 Education/Trainin 310 0 99 0 0 0 0 0 0 500 0 0 909 1,000 91

77200 Management Fees 6,551 6,453 6,453 19,359 0 6,431 6,473 6,493 6,493 6,493 6,493 6,493 84,184 77,728 (6,456)

Page 2 of


3

23




8290 ARVILLE STREET

Las Vegas NV 89139


77230 Office Supplies 0 6 588 0 647 371 200 600 300 300 400 500 3,912 5,000 1,088

77260 Postage/Printing 540 160 193 161 22 91 4,000 1,000 1,000 4,000 8,000 6,000 25,166 35,000 9,834

77270 Community Websi 63 63 63 126 0 1,030 80 120 75 75 75 3,380 5,150 4,300 (850)

77350 Community Events 80 25 44 0 0 0 1,000 1,000 500 2,500 8,000 1,000 14,150 17,000 2,850

77515 Bank Service Cha 0 0 35 (35) 0 0 0 0 0 0 0 0 0 0 0

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

77730 Architect Review 6,350 36 12 10,402 0 7,348 0 12,000 0 0 0 9,000 45,147 43,200 (1,947)

77740 Consulting/Profes 540 715 754 325 325 910 2,000 2,000 2,000 2,000 2,000 2,000 15,569 30,000 14,431

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 0 5,863 13,941 9,774 10,000 10,000 10,000 10,000 5,000 5,000 90,009 100,000 9,991

77765 Rockery Wall Law 1,031 0 0 0 0 0 10,000 10,000 10,000 10,000 5,000 5,000 51,031 100,000 48,969

77770 Rock Wall Monitor 0 0 0 4,640 7,809 2,993 0 5,000 0 0 0 11,250 31,692 21,250 (10,442)

77950 Depreciation Expe 1,250 140 140 140 140 140 0 1,600 0 0 0 1,600 5,150 6,400 1,250

Total Administrative $25,240 $14,068 $9,297 $41,495 $24,267 $43,951 $35,788 $55,048 $31,203 $36,703 $36,003 $75,608 $428,670 $481,198 $52,528

Taxes and Insurance

78005 Taxes - Real Pro 381 0 0 3,105 0 0 0 18,000 0 0 0 3,370 24,856 26,870 2,014

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

78105 Ins - Liability & Pr 947 947 947 947 947 947 854 854 854 854 854 854 10,807 10,250 (557)

78190 Ins - Directors & 1,382 1,382 1,382 1,382 1,382 1,382 1,962 1,962 1,962 1,962 1,962 1,962 20,064 23,547 3,483

78240 Ins - Workmens 41 41 41 41 0 41 21 21 21 21 21 21 333 253 (80)

Total Taxes and Insurance $2,751 $3,127 $2,370 $5,475 $2,329 $2,370 $2,838 $20,838 $2,838 $2,838 $2,838 $6,208 $56,817 $60,920 $4,103

TOTAL EXPENSES $167,943 $183,390 $172,767 $200,810 $239,132 $283,349 $298,202 $346,379 $304,474 $259,454 $269,127 $854,181 $3,579,207 $3,766,589 $187,381

EXCESS OFREVENUE/EXPENSES

$165,481 $132,812 $153,806 $120,607 $84,504 $55,735 $18,310 ($29,200) $22,855 $53,595 $40,845 ($549,176) $270,175 $0 $270,174

Page 3 of


3

24

07/17/2020 3:46:47 PM SOA Projected Statement of Revenue & Expenses - The Clubat Town Center



8290 ARVILLE STREET

Las Vegas NV 89139

Description Jan Act Feb Act Mar Act Apr Act May Act Jun Act 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 173,728 173,728 173,728 173,728 173,728 173,461 174,588 175,478 175,478 175,478 175,478 175,478 2,094,081 2,097,552 (3,471)

40020 Assessment - Non Me 2,029 2,117 1,775 1,946 1,464 1,635 2,333 2,333 2,333 2,333 2,333 2,333 24,965 28,000 (3,035)

40021 Bad Debt - Contra 0 0 (4,672) 0 0 1,329 (833) (833) (833) (833) (833) (833) (8,343) (10,000) 1,657

45645 Interest - Financial 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0


Total Assessment Revenue $146,340

$146,428 $141,414 $146,257 $145,775 $147,008 $146,672 $147,562 $147,562 $147,562 $147,562 $147,562 $1,757,703 $1,762,552 ($4,849)

Operations Revenue

45550 Activity Fee 12,756 2,529 1,338 0 0 (1,784) 1,000 15,000 4,000 3,000 1,000 4,000 42,840 60,000 (17,160)

45555 Swim Lesson Fee 0 0 0 0 0 0 1,000 500 0 0 0 0 1,500 10,000 (8,500)

45560 Massage Fee 4,422 4,205 1,870 0 0 2,954 2,000 3,000 2,000 2,000 3,000 2,000 27,451 25,000 2,451

45565 Guest Fees for Facilit 432 1,290 850 0 0 120 2,000 1,500 750 750 500 500 8,692 16,000 (7,308)

45570 Instruction Revenue 2,150 580 105 0 0 0 2,000 1,200 1,000 1,000 500 500 9,035 14,000 (4,965)

45575 Private Party/Room R 0 0 0 0 0 0 300 250 300 1,600 850 300 3,600 4,350 (750)

45580 Kids Camp 4,122 446 5,645 0 0 (5,672) 1,000 6,000 1,600 800 800 7,000 21,741 90,700 (68,959)

Total Operations Revenue $23,882 $9,050 $9,808 $0 $0 ($4,382) $9,300 $27,450 $9,650 $9,150 $6,650 $14,300 $114,859 $220,050 ($105,191)

Food & Beverage Revenue

45800 Loan Payment Carryo 0 0 0 0 0 0 (7,803) (8,083) (7,871) (7,905) (8,182) (7,974) (47,818) (94,927) 47,109

45845 Sales - Snack Bar Fo 0 0 0 0 0 0 5,000 3,000 1,500 50 0 150 9,700 16,000 (6,300)

45885 Sales - Alcohol 0 0 0 0 0 0 2,000 1,000 1,000 0 1,000 0 5,000 8,000 (3,000)

45925 Sales - Other, Non Al 2 6 2 0 0 0 2,000 1,000 300 100 50 50 3,509 5,000 (1,491)

Total Food & Beverage Revenue $2 $6 $2 $0 $0 $0 $1,197 ($3,083) ($5,071) ($7,755) ($7,132) ($7,774) ($29,609) ($65,927) $36,318

TOTAL REVENUE $170,224

$155,484 $151,224 $146,257 $145,775 $142,626 $157,169 $171,929 $152,140 $148,957 $147,080 $154,087 $1,842,953 $1,916,675 ($73,722)

EXPENSES

Cost of Sales

Page 1 of


3

25




8290 ARVILLE STREET

Las Vegas NV 89139


50005 COS - Snack Bar Sup 0 0 0 0 0 0 400 400 0 0 0 0 800 2,200 1,400

50010 COS - Food 0 0 0 0 0 0 2,000 2,000 1,500 0 0 0 5,500 11,000 5,500

50015 COS - Alcohol 0 0 0 0 0 0 500 800 200 0 200 0 1,700 3,200 1,500

50025 COS - Non Alcohol 0 0 0 0 0 0 1,000 1,000 250 100 100 100 2,550 4,500 1,950

Total Cost of Sales $0 $0 $0 $0 $0 $0 $3,900 $4,200 $1,950 $100 $300 $100 $10,550 $20,900 $10,350

Operations

77630 Massage Therapist Pa 4,247 2,243 3,039 0 0 2,336 1,500 2,500 2,200 2,500 2,500 1,000 24,065 25,000 935

77632 Fitness Instructors 6,274 5,908 3,101 0 0 3,381 10,500 8,000 8,000 9,000 7,000 6,000 67,165 95,000 27,835

77645 R/M - Fitness Supplie 192 195 1,511 3,546 195 5,630 1,300 2,500 1,200 3,000 800 500 20,569 16,000 (4,569)

72368 Activity Supplies 88 2,309 1,770 10 0 0 1,500 2,500 1,500 3,000 1,800 3,000 17,477 25,000 7,523

77707 Summer Camp 0 65 3,011 0 0 (3,011) 5,000 4,000 0 0 0 0 9,065 27,000 17,935

60005 P/R - Administrative 37,363 40,516 39,550 21,212 22,083 37,292 79,500 79,500 79,500 79,500 43,000 51,000 610,016 743,500 133,484

77110 Travel/Mileage Expen 339 339 382 520 645 296 600 600 300 400 400 900 5,721 6,000 279

77125 Recruitment/Employe 300 0 4,106 0 461 0 1,200 1,200 1,200 1,500 0 0 9,967 12,000 2,033

77290 Mobile Phones/Radios 555 100 655 655 655 605 450 450 450 450 450 450 5,925 5,400 (525)

Total Operations $49,358 $51,675 $57,125 $25,943 $24,038 $46,530 $101,550 $101,250 $94,350 $99,350 $55,950 $62,850 $769,970 $954,900 $184,930


77200 Management Fees 1,859 2,020 1,831 1,831 1,831 1,830 1,838 1,838 1,838 1,838 1,838 1,838 22,232 22,058 (174)

77230 Office Supplies 346 0 225 199 0 405 300 600 300 400 500 100 3,375 4,000 625

77260 Postage/Printing 0 0 0 0 143 0 0 0 0 0 0 0 143 0 (143)

77270 Community Website & 255 147 316 294 88 2,402 200 300 3,000 2,500 1,800 700 12,003 10,000 (2,003)

72480 Contracted Services 8,948 19,131 9,974 10,960 10,765 13,383 10,000 12,000 11,000 11,000 13,000 9,595 139,755 132,595 (7,160)

75085 Patrol Service 559 369 188 346 216 451 317 317 317 317 317 317 4,029 3,800 (229)

78105 Ins - Liability & Prope 3,340 3,340 3,340 3,340 3,340 3,340 3,012 3,012 3,012 3,012 3,012 3,012 38,110 36,145 (1,965)

77015 Fees & Permits 0 268 5,074 0 0 341 1,800 1,000 1,000 100 0 0 9,584 12,000 2,416

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

78045 Taxes - Federal Inco 0 0 0 22,000 0 0 0 0 0 0 0 0 22,000 0 (22,000)

77530 Bank/Credit Card Ser 397 524 207 360 22 22 1,000 600 700 300 300 300 4,731 5,500 769

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

77760 Legal Fees 0 0 0 0 0 0 250 0 0 250 0 0 500 1,000 500

77950 Depreciation Expense 20,680 21,422 21,422 21,422 21,728 21,074 22,264 22,264 22,264 22,264 22,264 22,264 261,330 267,166 5,837Page 2 of


3

26




8290 ARVILLE STREET

Las Vegas NV 89139


Total General and Administrative $41,964 $52,799 $48,157 $66,331 $43,711 $48,826 $50,760 $47,510 $49,010 $47,560 $48,610 $43,705 $588,946 $571,619 ($17,327)

Building Expense

72425 Special Projects - TC 0 0 0 0 0 0 15,000 15,000 5,000 0 0 0 35,000 50,000 15,000

72440 R/M - Building 335 0 675 4,873 1,508 2,007 6,000 5,000 6,000 4,000 3,000 2,000 35,397 50,000 14,603

70005 L/S - Contract 650 0 896 1,275 625 625 625 625 625 625 625 625 7,821 7,500 (321)

72000 R/M - Maintenance Al 4,106 12,322 8,214 8,214 8,214 8,223 8,800 8,800 8,800 8,800 8,800 9,500 102,793 106,300 3,507

72010 R/M - Supplies, Small 0 0 19 169 538 0 150 700 150 200 0 150 2,076 4,000 1,924

76030 Complimentary Supplie 1,533 869 1,524 83 0 72 2,000 2,000 2,000 2,000 500 470 13,052 16,270 3,218

72200 R/M - Janitorial Suppl 0 63 625 245 159 5,048 1,200 1,200 800 1,000 1,000 800 12,139 12,000 (139)

72298 Pool/Spa - Chemicals 2,146 2,175 2,607 2,070 3,107 2,464 3,500 1,000 1,000 1,000 1,000 1,000 23,069 17,000 (6,069)

72300 Pool/Spa Service Con 0 925 1,624 2,304 759 966 1,000 500 200 200 200 200 8,877 5,000 (3,877)

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

72317 Pool - Utilities 1,917 5,155 1,497 462 (202) 865 500 1,000 1,000 1,000 1,000 2,000 16,195 15,500 (695)

74005 Electricity (3,133) 5,298 5,180 (1,210) 1,797 2,315 3,900 3,800 4,500 3,500 3,000 3,000 31,947 40,500 8,553

74065 Water 409 361 151 880 1,743 1,284 1,800 1,800 1,700 1,200 1,000 500 12,828 13,500 672

74070 Sewer & Waste Remo 1,779 766 676 1,052 2,336 2,336 500 1,500 1,500 1,500 1,500 300 15,744 10,000 (5,744)

74095 Gas 920 2,557 1,332 (515) 125 1,370 1,500 1,500 1,500 500 1,000 500 12,290 13,000 710

74125 Telephone 400 408 511 503 503 511 402 402 402 402 402 400 5,245 4,822 (423)

Total Building Expense $11,062 $31,517 $24,913 $20,405 $21,211 $28,085 $46,877 $44,827 $35,177 $25,927 $23,027 $21,445 $334,474 $365,392 $30,918

Club Loan

77900 Loan Interest - TCTC 7,788 7,753 7,222 7,222 7,897 7,617 7,663 7,383 7,595 7,561 7,284 7,492 90,476 90,664 187

Total Club Loan $7,788 $7,753 $7,222 $7,222 $7,897 $7,617 $7,663 $7,383 $7,595 $7,561 $7,284 $7,492 $90,476 $90,664 $187

TOTAL EXPENSES $110,172

$143,744 $137,418 $119,901 $96,858 $131,058 $210,750 $205,171 $188,082 $180,498 $135,171 $135,592 $1,794,416 $2,003,475 $209,059

EXCESS OF REVENUE/EXPENSES $60,051 $11,740 $13,806 $26,356 $48,917 $11,568 ($53,582) ($33,242) ($35,942) ($31,542) $11,908 $18,495 $48,536 ($86,800) $135,336

Page 3 of


3

27

07/17/2020 3:46:52 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 47,112 47,112 47,112 46,950 47,196 47,196 47,196 47,196 47,196 47,196 565,686 566,352 (666)

40021 Bad Debt - Contra 0 0 (3,237) 0 0 378 (375) (375) (375) (375) (375) (375) (5,109) (4,500) (609)

45405 Gate Transmitters/Clic 225 275 175 0 0 1,125 725 450 350 550 350 0 4,225 4,700 (475)


TOTAL REVENUE $21,920 $21,970 $18,633 $21,695 $21,695 $23,036 $22,129 $21,854 $21,754 $21,954 $21,754 $21,404 $259,802 $261,552 ($1,750)

EXPENSES


77200 Management Fees 443 247 436 436 436 454 438 438 438 438 438 438 5,077 5,251 174

72480 Contracted Services 1,320 2,368 0 852 1,684 951 1,183 1,183 1,183 1,183 1,183 1,183 14,275 14,200 (75)

60005 P/R - Administrative 5,880 6,584 5,880 5,880 5,880 5,740 6,300 6,300 6,300 6,300 6,300 6,300 73,644 75,600 1,956

75085 Patrol Service 2,797 936 1,847 1,731 1,078 2,254 1,939 1,939 1,939 1,939 1,939 1,939 22,275 23,264 989

78105 Ins - Liability & Prope 698 698 698 698 698 698 629 629 629 629 629 629 7,963 7,552 (411)

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

77760 Legal Fees 0 0 0 0 0 0 0 0 250 0 0 250 500 1,000 500

Total General and Administrative $11,138 $10,832 $8,861 $9,597 $9,775 $10,097 $10,489 $11,389 $10,739 $10,489 $10,489 $10,739 $124,634 $127,767 $3,133

Utilities

74005 Electricity 70 6 73 89 84 76 100 100 100 100 100 100 1,000 1,200 200

74125 Telephone 2,613 2,629 2,629 2,511 748 1,484 1,430 1,430 1,430 1,430 1,430 1,430 21,194 17,160 (4,034)

Total Utilities $2,683 $2,635 $2,702 $2,600 $832 $1,561 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $22,194 $18,360 ($3,834)

Maintenance

72000 R/M - Maintenance Al 4,106 4,106 4,106 4,106 4,106 4,116 4,400 4,400 4,400 4,400 4,400 5,025 51,671 53,425 1,754

72090 R/M - Snow Plowing 4,910 0 0 11,624 0 0 0 0 0 3,000 10,000 8,000 37,534 49,000 11,467

72220 Gate Maintenance 90 875 2,738 2,718 953 170 200 300 300 500 500 2,000 11,344 8,500 (2,844)

72225 Gate - Clickers 0 0 2,215 0 0 0 0 1,500 0 500 0 0 4,215 4,500 285

Total Maintenance $9,106 $4,981 $9,058 $18,448 $5,059 $4,286 $4,600 $6,200 $4,700 $8,400 $14,900 $15,025 $104,763 $115,425 $10,662

TOTAL EXPENSES $22,926 $18,449 $20,622 $30,645 $15,667 $15,943 $16,619 $19,119 $16,969 $20,419 $26,919 $27,294 $251,590 $261,552 $9,962

Page 1 of


2

28

07/17/2020 3:46:52 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 ($1,988) ($8,950) $6,029 $7,093 $5,510 $2,735 $4,785 $1,535 ($5,165) ($5,890) $8,212 $0 $8,212

Page 2 of


2

29

07/17/2020 3:49:12 PM SOA - Projected Statement of Revenue & Expenses - TownSquare



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Description Jan Act Feb Act Mar Act Apr Act May Act Jun Act 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 8,601 8,601 12,474 9,375 9,375 9,375 9,375 9,375 9,375 9,375 112,505 112,505 0

TOTAL REVENUE $8,601 $8,601 $8,601 $8,601 $12,474 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $112,505 $112,505 $0

EXPENSES


60005 P/R - Administrative 3,452 0 1,726 1,726 1,726 1,703 1,850 1,850 1,850 1,850 1,850 1,850 21,433 22,200 767

Total Payroll and Benefits $3,452 $0 $1,726 $1,726 $1,726 $1,703 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $21,433 $22,200 $767

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 0 0 0 500 500 500 0 0 0 1,500 3,000 1,500

71225 L/S - Irrigation 0 0 0 0 0 0 200 100 450 0 0 0 750 2,500 1,750

Total Landscaping $2,315 $2,315 $2,315 $2,315 $2,315 $2,315 $3,015 $2,915 $3,265 $2,315 $2,315 $2,315 $30,030 $33,280 $3,250


72090 R/M - Snow Plowing 2,038 0 0 246 0 0 0 0 0 0 8,000 1,000 11,284 35,000 23,716

72440 R/M - Building 0 0 0 0 0 0 100 500 0 0 250 250 1,100 2,000 900

72480 Contracted Services 0 0 0 0 0 0 500 100 100 100 100 100 1,000 1,500 500

Total Repairs and Maintenance $2,038 $0 $0 $246 $0 $0 $600 $600 $100 $100 $8,350 $1,350 $13,384 $38,500 $25,116

Administrative

77005 Bad Debt 0 0 0 0 0 0 0 0 3,455 0 0 3,455 6,910 13,820 6,910

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 0 0 0 0 125 125 125 125 125 125 750 1,500 750

Total Administrative $250 $250 $250 $250 $250 $250 $375 $375 $3,830 $430 $375 $3,980 $10,865 $18,525 $7,660

Page 1 of


2

30

07/17/2020 3:49:12 PM SOA - Projected Statement of Revenue & Expenses - TownSquare



8290 ARVILLE STREET

Las Vegas NV 89139

Acct Description Jan Act Feb Act Mar Act Apr Act May Act Jun Act 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 $4,291 $4,537 $4,291 $4,268 $5,840 $5,740 $9,045 $4,695 $12,890 $9,495 $75,712 $112,505 $36,793

EXCESS OF REVENUE/EXPENSES $546 $6,036 $4,310 $4,064 $8,183 $5,107 $3,535 $3,635 $330 $4,680 ($3,515) ($120) $36,793 $0 $36,793

Page 2 of


2

31

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$ $1,410,666.10 1,598,981.12$ 1,708,869.65$ 1,937,414.92$ 2,059,838.33$

Less: Homeowner Prepayments 521,464.86$ 483,651.65$ 486,864.11$ 468,007.22$ 443,363.60$ 438,826.00$ Deposits - Landscape & Other 199,845.00$ 189,920.00$ 197,710.00$ 196,585.00$ 195,665.00$ 196,040.00$ Capital Contributions 18,990.40$ 22,683.30$ 45,724.45$ 60,118.45$ 74,773.45$ 95,139.50$

2020 Unencumbered Cash 563,921.35$ 714,411.15$ 868,682.56$ 984,158.98$ 1,223,612.87$ 1,329,832.83$

$-

$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

some somersett owners association 2 06/30/2020 · 2020. 8. 31. · 07/17/2020 3:33:52 pm soa...

Documents