Pavilion Condo Budget 2018 analysis variances to 2017

1. 1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
Owner Assessment 2,788,536$ 3,200,422$ 411,886$ 14.77%
Reserve Income 223,104$ 4,641,221$ 4,418,117$ 1980.29%
Special Assessment Fees 1,400,400$ 1,764,000$ 363,600$ 25.96%
Late Fee Income 4,200$ 4,200$ -$ 0.00%
Legal Fee Income -$ -$ -$
Holiday Fund -$ -$
Returned Check Fees 600$ -$ (600)$ -100.00%
Screening Fees 9,000$ -$ (9,000)$ -100.00%
Parking Income 45,600$ 46,000$ 400$ 0.88%
Moving Fees -$ -$
Transfer Fees -$ -$
Vending Machine 2,400$ -$ (2,400)$ -100.00%
Gate/Key Cards 2,640$ 2,650$ 10$ 0.38%
Violation Fees 3,000$ 1,000$ (2,000)$ -66.67%
Key FOB income 10,200$ 8,000$ (2,200)$ -21.57%
Late Fee Interest -$ -$
Interest Income -$ -$
Reserve Interest -$ -$
Special Assessment Interest -$ -$
Recovery of Bad Debt -$ 50,000$ 50,000$
Miscellaneous Income 24,000$ 24,000$ -$ 0.00%
Prior Yrs Srp/(def) -$ -$
Rental Income 30,000$ -$ (30,000)$ -100.00%
Recreation Room Usage -$ -$
Storage Income 23,040$ 48,600$ 25,560$ 110.94%
House Chargers 12,000$ 12,000$ -$ 0.00%
Restaurant/Bar Inc -$ -$
Association Owned Units 96,000$ 20,400$ (75,600)$ -78.75%
Cable Income -$ -$
TOTAL REVENUES 4,674,720$ 9,822,493$ 5,147,773$ 52.41%
REVENUE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.

2. 1
2
A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
-$
ADMINISTRATIVE -$
Accounting Fees -$ 5,000$ 5,000$
Bank Charges -$ 1,000$ 1,000$
Legal Fees 24,000$ 30,000$ 6,000$ 25.00%
Legal Fees - Collections 12,000$ 12,000$ -$ 0.00%
Bureau of Condominium Dues 3,360$ 3,264$ (96)$ -2.86%
License, taxes, Permit Fees 3,000$ 3,000$ -$ 0.00%
License, taxes, Permit Fees Payable to State 1,800$ 1,800$ -$ 0.00%
Office Equipment 3,000$ 3,500$ 500$ 16.67%
Office Supplies 6,000$ 6,000$ -$ 0.00%
Courier Service 240$ -$ (240)$ -100.00%
Printing and Postage 2,400$ 3,000$ 600$ 25.00%
Screening Fees 1,800$ 1,800$ -$ 0.00%
Property Taxes -$ -$ -$
Coupon Charge -$ -$ -$
Prior Year Deficit -$ 470,000$ 470,000$
Maintenance Fee Exp -$ -$ -$
TOTAL ADMINISTRATIVE CHARGES 57,600$ 540,364$ 482,764$ 838.13%
-$
PROPERTY INSURANCE -$
Multiperil Insurance 576,000$ 450,000$ (126,000)$ -21.88%
TOTAL PROPERTY INSURANCE 576,000$ 450,000$ 126,000$
-$
UTILITIES -$
electricity 247,200$ 250,000$ 2,800$ 1.13%
Water & Sewer 318,000$ 350,000$ 32,000$ 10.06%
Gas/Fuel Oil 44,400$ 58,000$ 13,600$ 30.63%
Telephone 8,400$ 12,500$ 4,100$ 48.81%
TOTAL UTILITIES 618,000$ 670,500$ (52,500)$ -8.50%
-$
CONTRACTS -$
Air Conditioning 18,000$ 18,000$ -$ 0.00%
cable Television 220,800$ 255,000$ 34,200$ 15.49%
Elevator Contract 18,000$ 18,000$ -$ 0.00%
Fire Alarm System 11,400$ 10,600$ (800)$ -7.02%
Access Control 2,400$ 4,500$ 2,100$ 87.50%
Emergency Generator 3,000$ 3,000$ -$ 0.00%
Gymnasyum Maintenance 2,400$ 2,400$ -$ 0.00%
Janatorial Services 110,400$ 120,000$ 9,600$ 8.70%
Lawn Maintenance 3,300$ 9,600$ 6,300$ 190.91%
Management Services 84,840$ 87,156$ 2,316$ 2.73%
Pest Control 6,000$ 6,000$ -$ 0.00%
Pool/Spa Contract 8,340$ 6,000$ (2,340)$ -28.06%
Security Services 288,000$ 293,000$ 5,000$ 1.74%
EXPENSES

3. 1
2
A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
Trash Removal 37,200$ 47,712$ 10,512$ 28.26%
Uniform Contract 2,400$ 6,032$ 3,632$ 151.33%
Valet Services 204,000$ 250,000$ 46,000$ 22.55%
Water Treatment 5,100$ 5,724$ 624$ 12.24%
TOTAL CONTRACTS 1,025,580$ 1,142,724$ 117,144$ 11.42%
-$
SALARIES &BENEFITS -$
Manager 80,004$ 107,000$ 26,996$ 33.74%
Maintenance 130,560$ 190,500$ 59,940$ 45.91%
Admin 20,160$ 47,000$ 26,840$ 133.13%
Asst Mgr 81,900$ 58,000$ (23,900)$ -29.18%
Medical/Dental Insurance 29,100$ 48,384$ 19,284$ 66.27%
Work Comp 10,200$ 13,660$ 3,460$ 33.92%
Bonuses -$ -$ -$
Payroll Process Fees 3,240$ 3,240$ -$ 0.00%
Payroll Taxes 45,672$ 57,000$ 11,328$ 24.80%
TOTAL SALARIES & BENEFITS 400,836$ 524,784$ 123,948$ 30.92%
-$
REPAIRS/MAINTENANCE -$
Boiler 6,000$ 6,500$ 500$ 8.33%
Building 7,200$ 8,000$ 800$ 11.11%
elevator 2,400$ 3,000$ 600$ 25.00%
electrical 3,000$ 3,000$ -$ 0.00%
General 12,000$ 12,000$ -$ 0.00%
Maint Equipment 7,800$ 7,800$ -$ 0.00%
Maintenance Repairs 6,000$ 6,000$ -$ 0.00%
Plumbing 6,000$ 6,000$ -$ 0.00%
Pool/Spa/Fauntai 1,800$ 3,000$ 1,200$ 66.67%
Roof 600$ 600$ -$ 0.00%
Mach/Equipment/Security 1,800$ 3,000$ 1,200$ 66.67%
Supplies 21,600$ 30,000$ 8,400$ 38.89%
Contigency -$ -$ -$
TOTAL REPAIRS/MAINTENANCE 76,200$ 88,900$ 12,700$ 16.67%
-$
SPECIAL PROJECTS -$
Special Projects -$ -$
Interest Income -$ -$
Common -$ -$
Common Area HVAC 297,000$ -$ 297,000$
Roof Replacement -$ -$
Roof Repairs -$ -$
Beautification -$ -$
engineering Fees -$ -$
Shares Lawn -$ -$
Cr OS2-Jan/ins/lnd -$ -$
TOTAL SPECIAL PROJECTS 297,000$ -$ 297,000$

4. 1
2
A B C D E F
Category Budget 2017 ANNUAL Budget 2018 ANNUAL VARIANCE PERCENTAGE
PAVILION CONDOMINIUM ASSOCIATION OF MIAMI BEACH, INC.
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
-$
SPECIAL ASSESSMENT -$
Special Assessment Transfer 1,400,400$ 1,764,000$ 363,600$ 25.96%
Assessment Interest -$ -$
TOTAL SPECIAL ASSESSMENT 1,400,400$ 1,764,000$ 363,600$ 25.96%
-$
RESERVE TRANSFERS -$
Reserve Transfers 223,104$ 4,641,221$ 4,418,117$ 1980.29%
TOTAL RESERVE TRANSFERS 223,104$ 4,641,221$ 4,418,117$ 1980.29%
-$
PRIOR YEAR ACTIVITY -$
Prior Year expense -$ -$
TOTAL PRIOR YEAR ACTIVITY -$ -$
-$
TOTAL EXPENSES 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
-$
OPERATING NEXT INCOME OR LOSS -$ -$
INCOME 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
EXPENSES 4,674,720$ 9,822,493$ 5,147,773$ 110.12%
OPERATIONAL BUDGET