03/31/2020 12:53:57 PM SOA Balance SheetSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Common Area Common Area Club @ Town Club @ Town Gates Gates Town Square Town Square Total Total TotalOperating Reserve Center Operating Center Reserve Operating Reserve Operating Reserve Operating Reserve All Funds
ASSETS
10005 Petty Cash 0.00 0.00 500.00 0.00 0.00 0.00 0.00 0.00 500.00 0.00 500.00
10010 US Bank - Checking x8431 950,462.70 0.00 0.00 0.00 0.00 0.00 0.00 0.00 950,462.70 0.00 950,462.70
10025 US Bank - Merchant Deposits x8449 0.00 0.00 5,120.06 0.00 0.00 0.00 0.00 0.00 5,120.06 0.00 5,120.06
10055 Cash - Club Cash Registers 0.00 0.00 900.00 0.00 0.00 0.00 0.00 0.00 900.00 0.00 900.00
11510 US Bank - MM x8456 0.00 3,019,077.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,019,077.64 3,019,077.64
11515 Bank United - MM x 2356 0.00 1,293.18 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,293.18 1,293.18
11545 UBS Financial Services - Cash x1765 0.00 181,269.66 0.00 0.00 0.00 0.00 0.00 0.00 0.00 181,269.66 181,269.66
11550 UBS Financial Services - Portfolio x1765 0.00 3,447,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,447,000.00 3,447,000.00
11560 Pacific Western - MM x6488 0.00 244,066.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 244,066.71 244,066.71
11600 Due (To)/From Main Operating (824,925.77) (27,701.66) 1,007,710.85 0.00 (12,960.40) 0.00 (142,123.02) 0.00 27,701.66 (27,701.66) 0.00
11605 Due (To)/From Main Reserve 0.00 (4,455,365.93) 0.00 1,184,272.32 0.00 3,271,093.61 0.00 0.00 0.00 0.00 0.00
11610 Due (to) / From TCTC Town Square 0.00 0.00 (112,350.72) 0.00 0.00 0.00 112,350.72 0.00 0.00 0.00 0.00
11615 UBS Financial Svcs - Operating Cash 425,981.68 0.00 0.00 0.00 0.00 0.00 0.00 0.00 425,981.68 0.00 425,981.68
TOTAL CASH $551,518.61 $2,409,639.60 $901,880.19 $1,184,272.32 ($12,960.40) $3,271,093.61 ($29,772.30) $0.00 $1,410,666.10 $6,865,005.53 $8,275,671.63
Homeowner Delinquency
12000 Assessment Delinquency 69,268.74 0.00 67,758.75 0.00 31,479.47 0.00 15,540.84 0.00 184,047.80 0.00 184,047.80
12040 AR - Fines 51,050.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 51,050.00 0.00 51,050.00
12060 AR - Misc. Homeowner Delinquency 101,109.59 0.00 0.00 0.00 0.00 0.00 0.00 0.00 101,109.59 0.00 101,109.59
12063 AR - Special Assessents Delinquency 0.00 195,994.13 0.00 0.00 0.00 0.00 0.00 0.00 0.00 195,994.13 195,994.13
Total Homeowner Delinquency $221,428.33 $195,994.13 $67,758.75 $0.00 $31,479.47 $0.00 $15,540.84 $0.00 $336,207.39 $195,994.13 $532,201.52
Less Allowance for Doubtful Accounts
12065 Allowance for Doubtful Accounts - Homeowner (103,208.12) 0.00 (14,038.77) 0.00 (5,889.00) 0.00 0.00 0.00 (123,135.89) 0.00 (123,135.89)
Net Homeowner Delinquency $118,220.21 $195,994.13 $53,719.98 $0.00 $25,590.47 $0.00 $15,540.84 $0.00 $213,071.50 $195,994.13 $409,065.63
Other Assets
12300 AR - Other 1,177.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,177.00 0.00 1,177.00
12310 Unamortized Discount 0.00 (259.23) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (259.23) (259.23)
12355 Accrued Interest Receivable 0.00 17,744.48 0.00 0.00 0.00 0.00 0.00 0.00 0.00 17,744.48 17,744.48
12360 Unamortized Premium 0.00 10,159.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10,159.04 10,159.04
12900 Due (To)/From Reserves (105,317.64) 105,317.64 0.00 0.00 0.00 0.00 0.00 0.00 (105,317.64) 105,317.64 0.00
12973 Inventory - Non-Alcohol 0.00 0.00 1,283.75 0.00 0.00 0.00 0.00 0.00 1,283.75 0.00 1,283.75
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SOME Somersett Owners Association Financials
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03/31/2020 12:53:57 PM SOA Balance SheetSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Common Area Common Area Club @ Town Club @ Town Gates Gates Town Square Town Square Total Total TotalOperating Reserve Center Operating Center Reserve Operating Reserve Operating Reserve Operating Reserve All Funds
12974 Inventory - Food 0.00 0.00 873.00 0.00 0.00 0.00 0.00 0.00 873.00 0.00 873.00
13000 Prepaid Expenses 796.50 0.00 16,434.30 0.00 7,575.69 0.00 0.00 0.00 24,806.49 0.00 24,806.49
13100 Prepaid Insurance 25,293.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,293.31 0.00 25,293.31
16000 FA - Clubhouse Land 2,534,929.38 0.00 674,048.05 0.00 0.00 0.00 0.00 0.00 3,208,977.43 0.00 3,208,977.43
16010 FA - Golf Course Purchase 66,587.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 66,587.00 0.00 66,587.00
16500 FA - Canyon 9 Golf Course Land 900,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 900,000.00 0.00 900,000.00
17000 FA - Golf Course Equipment 26,407.89 0.00 0.00 0.00 0.00 0.00 0.00 0.00 26,407.89 0.00 26,407.89
17010 FA - Electronic Equipment 0.00 0.00 152,883.32 0.00 0.00 0.00 0.00 0.00 152,883.32 0.00 152,883.32
17020 FA - Pool Furniture & Equipment 0.00 0.00 68,173.51 0.00 0.00 0.00 0.00 0.00 68,173.51 0.00 68,173.51
17030 FA - Fitness Equipment 0.00 0.00 128,747.46 0.00 0.00 0.00 0.00 0.00 128,747.46 0.00 128,747.46
17040 FA - Furniture & Equipment 8,370.91 0.00 168,658.42 0.00 0.00 0.00 0.00 0.00 177,029.33 0.00 177,029.33
17090 FA - Clubhouse Building 0.00 0.00 8,001,100.00 0.00 0.00 0.00 0.00 0.00 8,001,100.00 0.00 8,001,100.00
17105 Fixed Assets - Foreclosed Unit 52,496.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 52,496.31 0.00 52,496.31
17500 AD - Golf Course Equipment (18,973.44) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (18,973.44) 0.00 (18,973.44)
17505 AD - Golf Course Purchase (66,587.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (66,587.00) 0.00 (66,587.00)
17510 AD - Electronic Equipment 0.00 0.00 (135,715.32) 0.00 0.00 0.00 0.00 0.00 (135,715.32) 0.00 (135,715.32)
17520 AD - Pool Furniture & Equipment 0.00 0.00 (55,318.69) 0.00 0.00 0.00 0.00 0.00 (55,318.69) 0.00 (55,318.69)
17530 AD - Fitness Equipment 0.00 0.00 (23,002.96) 0.00 0.00 0.00 0.00 0.00 (23,002.96) 0.00 (23,002.96)
17540 AD - Furniture & Equipment (8,370.91) 0.00 (80,562.19) 0.00 0.00 0.00 0.00 0.00 (88,933.10) 0.00 (88,933.10)
17590 AD - Clubhouse Building 0.00 0.00 (2,683,702.29) 0.00 0.00 0.00 0.00 0.00 (2,683,702.29) 0.00 (2,683,702.29)
Total Other Assets $3,416,809.31 $132,961.93 $6,233,900.36 $0.00 $7,575.69 $0.00 $0.00 $0.00 $9,658,285.36 $132,961.93 $9,791,247.29
TOTAL OTHER ASSETS $3,535,029.52 $328,956.06 $6,287,620.34 $0.00 $33,166.16 $0.00 $15,540.84 $0.00 $9,871,356.86 $328,956.06 $10,200,312.92
TOTAL ASSETS $4,086,548.13 $2,738,595.66 $7,189,500.53 $1,184,272.32 $20,205.76 $3,271,093.61 ($14,231.46) $0.00 $11,282,022.96 $7,193,961.59 $18,475,984.55
LIABILITIES
20000 Prepaid - Assessments 341,438.36 0.00 112,310.43 0.00 29,902.86 0.00 0.00 0.00 483,651.65 0.00 483,651.65
20120 AP - Account Setup Fees 615.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 615.00 0.00 615.00
20135 AP - Precollection Fees (200.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (200.00) 0.00 (200.00)
20140 AP - Transfer to Collections (700.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (700.00) 0.00 (700.00)
20200 AP - NSF Fees 1,325.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,325.00 0.00 1,325.00
20300 AP - Homeowner Refunds 2,538.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,538.51 0.00 2,538.51
20400 AP - Pending Unclaimed Property 23,786.07 0.00 0.00 0.00 0.00 0.00 0.00 0.00 23,786.07 0.00 23,786.07
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SOME Somersett Owners Association Financials
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03/31/2020 12:53:57 PM SOA Balance SheetSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Common Area Common Area Club @ Town Club @ Town Gates Gates Town Square Town Square Total Total TotalOperating Reserve Center Operating Center Reserve Operating Reserve Operating Reserve Operating Reserve All Funds
20500 AP - Sales/Use Tax 0.00 0.00 57.22 0.00 0.00 0.00 0.00 0.00 57.22 0.00 57.22
21530 Refundable AGC Deposits 189,920.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189,920.00 0.00 189,920.00
22000 AP - Open 55,471.82 11,820.00 0.00 0.00 0.00 0.00 0.00 0.00 55,471.82 11,820.00 67,291.82
22100 Accrued Expenses 55,467.75 0.00 59,031.90 0.00 11,674.27 0.00 1,726.00 0.00 127,899.92 0.00 127,899.92
22150 Insurance Payable 13,694.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 13,694.00 0.00 13,694.00
23000 Loan Payable - TCTC 0.00 0.00 1,795,332.18 0.00 0.00 0.00 0.00 0.00 1,795,332.18 0.00 1,795,332.18
23020 Loan Payable - Common 3,738,809.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3,738,809.41 0.00 3,738,809.41
TOTAL LIABILITIES $4,422,165.92 $11,820.00 $1,966,731.73 $0.00 $41,577.13 $0.00 $1,726.00 $0.00 $6,432,200.78 $11,820.00 $6,444,020.78
CONTRIBUTED CAPITAL
33000 Inventory Adjustment 0.00 0.00 2,156.75 0.00 0.00 0.00 0.00 0.00 2,156.75 0.00 2,156.75
39500 Members' Equity (633,911.62) 2,735,989.58 5,148,820.82 1,173,842.79 (23,887.11) 3,212,651.47 (22,538.90) 0.00 4,468,483.19 7,122,483.84 11,590,967.03
Excess of Revenue/Expenditures $298,293.83 ($9,213.92) $71,791.23 $10,429.53 $2,515.74 $58,442.14 $6,581.44 $0.00 $379,182.24 $59,657.75 $438,839.99
TOTAL EQUITY ($335,617.79) $2,726,775.66 $5,222,768.80 $1,184,272.32 ($21,371.37) $3,271,093.61 ($15,957.46) $0.00 $4,849,822.18 $7,182,141.59 $12,031,963.77
TOTAL LIABILITIES & EQUITY $4,086,548.13 $2,738,595.66 $7,189,500.53 $1,184,272.32 $20,205.76 $3,271,093.61 ($14,231.46) $0.00 $11,282,022.96 $7,193,961.59 $18,475,984.55
The Association is in compliance with paragraph (B) of subsection 2 of NRS 116.3115. The Reserve funds have not been used for daily maintenance.
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SOME Somersett Owners Association Financials
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SOME Balance Sheet
SOME Somersett Owners Association
Operating Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change From Change from
December December December December December December December December January February Prior Month Prior Year
Assets
Petty Cash 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 500.00 0.00 0.00
Bank of NV Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
US Bank Operating Cash 68,121.51 559,289.33 576,373.50 743,685.86 732,720.25 273,343.43 920,204.34 739,959.16 843,532.65 950,462.70 106,930.05 210,503.54
US Bank Merchant Deposits 5,191.73 5,983.19 8,860.85 12,039.38 5,565.10 5,005.17 6,397.37 19,352.32 5,401.16 5,120.06 (281.10) (14,232.26)
US Bank Operating ATM 6,501.65 13,543.42 5,961.95 7,662.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FIBN Merchant Deposit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FIBN ATM 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
US Bank CC&R Transfer Fee 41,393.70 255,075.26 392,441.08 538,714.21 723,560.29 865,208.97 109,379.38 0.00 0.00 0.00 0.00 0.00
Pacific Western - Checking x6201 0.00 0.00 0.00 0.00 0.00 0.00 420,169.92 0.00 0.00 0.00 0.00 0.00
UBS Financial Svcs - Operating Cash 0.00 0.00 0.00 0.00 0.00 0.00 0.00 424,973.19 425,491.63 425,981.66 490.03 1,008.47
Cash - ATM Machine 4,280.00 2,240.00 4,820.00 3,120.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Cash - Club Cash Registers 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 0.00 0.00
Cash In Transit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Due (To)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (191,450.96) 28,396.17 27,701.68 (694.49) 219,152.64
126,888.59 837,531.20 989,857.38 1,306,622.09 1,463,245.64 1,144,957.57 1,457,551.01 994,233.71 1,304,221.61 1,410,666.10 106,444.49 416,432.39
Homeowner Delinquency
Assessment Delinquency 227,548.11 211,655.99 151,482.94 86,664.63 91,409.63 154,969.61 129,990.11 179,028.35 152,305.55 184,047.80 31,742.25 5,019.45
Fine Delinquency 51,107.35 69,025.00 69,584.00 28,146.00 74,414.00 100,400.00 79,494.00 48,800.00 50,300.00 51,050.00 750.00 2,250.00
Misc Homeowner Delinquency 46,677.51 34,526.26 28,803.49 24,701.80 26,170.31 35,764.51 39,761.18 93,524.06 96,615.04 101,109.59 4,494.55 7,585.53
Allowance for Bad Debt (186,981.81) (181,666.30) (138,454.08) (124,284.11) (112,626.10) (124,057.93) (103,695.00) (123,985.89) (123,135.89) (123,135.89) 0.00 850.00
Unapplied Payments 0.00 (4,212.00) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Homeowner Delinquency 138,351.16 129,328.95 111,416.35 15,228.32 79,367.84 167,076.19 145,550.29 197,366.52 176,084.70 213,071.50 36,986.80 15,704.98
Other Assets
AR-Other 817.56 0.00 38.64 0.00 2,250.00 2,609.00 2,758.49 1,973.00 652.00 1,177.00 525.00 (796.00)
AR-Welcome Center 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AR-Members 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AR-Developer 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Due (To)/From Reserve 0.00 0.00 0.00 0.00 0.00 4,231.73 12,719.28 (105,317.64) (105,317.64) (105,317.64) 0.00 0.00
Inventory - Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory - Non-Alcohol 0.00 0.00 0.00 0.00 0.00 0.00 1,287.40 1,286.50 1,283.75 (2.75) (3.65)
Inventory - Food 0.00 0.00 0.00 0.00 0.00 0.00 873.00 873.00 873.00 0.00 0.00
Prepaid Expenses 364.51 14,584.60 15,554.92 15,652.01 215.25 11,314.93 16,564.69 57,712.03 26,417.43 24,806.49 (1,610.94) (32,905.54)
Accounts Receivabe - Summit Eng 8,750.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Prepaid Insurance 22,974.52 43,639.74 23,872.56 50,572.48 20,872.58 58,765.22 50,517.09 30,084.79 27,689.05 25,293.31 (2,395.74) (4,791.48)
Prepaid FIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory-Short Course 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory-Gate Clickers 19,860.08 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposit - NV Energy 10,765.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FA-Clubhouse Land 392,100.00 392,100.00 674,074.05 3,275,564.43 3,275,564.43 3,275,564.43 3,275,564.43 3,208,977.43 3,208,977.43 3,208,977.43 0.00 0.00
FA-Golf Course Purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 66,587.00 66,587.00 66,587.00 0.00 0.00
FA-Canyon 9 Golf Course 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 900,000.00 0.00 0.00
FA-Golf Amenities 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 24,218.79 26,407.89 26,407.89 26,407.89 0.00 0.00
FA-Office Equipment 40,652.97 41,686.09 120,018.69 129,298.06 129,328.11 142,913.28 134,091.29 152,883.32 152,883.32 152,883.32 0.00 0.00
FA-Pool Furniture & Equipment 25,708.49 32,414.43 38,710.35 54,087.36 54,087.36 54,087.36 60,794.44 68,173.51 68,173.51 68,173.51 0.00 0.00
FA-Equipment-Other 61,181.09 161,063.71 148,504.16 150,242.16 150,242.16 169,819.86 169,819.86 126,297.46 126,297.46 128,747.46 2,450.00 2,450.00
FA-TCTC Furn & Equipment 53,801.13 85,059.41 74,315.11 74,315.11 80,085.11 202,669.13 176,719.61 177,029.33 177,029.33 177,029.33 0.00 0.00
FA-Cardio Equipment-Lease 63,562.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
FA-Clubhouse Building 8,057,100.00 8,057,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 8,001,100.00 0.00 0.00
Fixed Asset - Foreclosed Unit 373,515.90 0.00 0.00 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 52,496.31 0.00 0.00
AD-Golf Amenities (19,756.55) (21,001.79) (22,247.12) (23,492.38) (24,218.79) (24,218.79) (24,218.79) (18,693.33) (18,833.40) (18,973.44) (140.04) (280.11)
AD-Golf Course Purchase 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (65,477.22) (66,587.00) (66,587.00) 0.00 (1,109.78)
AD-Office Equipment (25,267.70) (31,474.42) (94,020.26) (110,991.39) (120,597.69) (125,986.78) (123,083.34) (135,225.06) (135,160.88) (135,715.32) (554.44) (490.26)
AD-Pool Furniture & Equipment (11,842.70) (17,020.33) (21,941.13) (29,874.06) (36,850.85) (42,475.08) (47,987.63) (54,452.00) (54,823.85) (55,318.69) (494.84) (866.69)
AD-TCTC Furn & Equip/Other (71,955.34) (98,172.32) (57,833.00) (85,378.04) (112,749.53) (132,104.69) (154,342.34) (18,850.99) (20,926.98) (23,002.96) (2,075.98) (4,151.97)
AD - Furniture & Equipment 0.00 0.00 (56,639.60) (63,592.61) (65,501.36) (77,029.00) (66,194.59) (85,678.00) (87,305.55) (88,933.10) (1,627.55) (3,255.10)
AD-Cardio Equipment-Lease (50,320.74) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
AD-Clubhouse Building (1,302,307.80) (1,507,935.36) (1,650,226.88) (1,850,254.38) (2,050,281.87) (2,250,309.38) (2,450,336.88) (2,650,364.38) (2,667,033.33) (2,683,702.29) (16,668.96) (33,337.91)
Total Other Assets 8,573,922.08 8,076,262.55 8,117,499.28 10,563,963.85 10,280,260.01 10,247,666.32 10,011,200.71 9,737,823.85 9,680,881.60 9,658,285.36 (22,596.24) (79,538.49)
Total Assets 8,839,161.83 9,043,122.70 9,218,773.01 11,885,814.26 11,822,873.49 11,559,700.08 11,614,302.01 10,929,424.08 11,161,187.91 11,282,022.96 120,835.05 352,598.88 5
SOME Balance Sheet
SOME Somersett Owners Association
Operating Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change From Change from
December December December December December December December December January February Prior Month Prior Year
Liabilities
Homeowner Prepayments 220,235.62 225,952.96 343,594.07 348,424.36 271,318.53 289,191.55 370,604.72 391,284.31 521,464.86 483,651.65 (37,813.21) 92,367.34
Set up Fees Payable 0.00 0.00 400.00 400.00 175.00 400.00 0.00 0.00 0.00 0.00 0.00 0.00
Account Set-up Fees Payable 2,250.00 3,075.00 4,900.00 10,525.00 11,650.00 12,250.00 305.00 (10.00) 890.00 615.00 (275.00) 625.00
AP - Precollection Fees 0.00 0.00 0.00 780.00 180.00 (43.00) 500.00 0.00 (225.00) (200.00) 25.00 (200.00)
AP-Transfer to Collections 210.00 330.00 450.00 1,160.00 1,610.00 1,445.00 525.00 (525.00) (175.00) (700.00) (525.00) (175.00)
AP - NSF Fees 0.00 0.00 0.00 0.00 0.00 525.00 1,425.00 1,275.00 1,400.00 1,325.00 (75.00) 50.00
Homeowner Refunds 1,858.83 3,183.39 2,364.52 2,815.52 33,354.48 2,377.70 5,381.51 965.51 5,121.51 2,538.51 (2,583.00) 1,573.00
Pending Unclaimed Property 636.00 2,454.83 1,818.83 1,818.83 60.00 3,887.79 17,869.19 23,694.07 23,694.07 23,786.07 92.00 92.00
Sales/Use Tax Payable 352.26 367.70 393.89 476.07 226.06 141.61 37.18 56.62 56.77 57.22 0.45 0.60
Accrued Sales Tax - Capital Lease Payable 1,637.75 1,219.55 801.35 383.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Deposit-Homeowner Repairs 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Refundable AGC Deposits 51,550.00 66,150.00 62,065.00 99,000.00 135,190.00 158,790.00 184,765.00 199,270.00 199,845.00 189,920.00 (9,925.00) (9,350.00)
AP-Open 33,168.32 24,702.57 56,400.05 193,820.29 214,758.17 120,139.35 367,283.56 238,225.03 23,369.33 55,471.82 32,102.49 (182,753.21)
AP-Other 49,859.46 0.00 0.00 0.00 563.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Developer Subsidy Payable 59,907.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accured FIT 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Loan Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital Lease Payable - First Federal 26,916.77 21,641.68 15,496.58 8,338.51 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Capital Lease Payable - American Leasing 14,530.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accrued Expenses 18,935.71 74,539.47 61,425.12 26,964.56 141,695.29 202,866.78 163,220.09 57,012.29 118,460.44 127,899.92 9,439.48 70,887.63
Consolidated Loan 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
2013 Amenity Lease Payable 0.00 0.00 100,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Insurance Payable 0.00 0.00 0.00 0.00 0.00 673.00 13,694.00 13,694.00 13,694.00 13,694.00 0.00 0.00
Loan Payable-TCTC 2,752,436.97 2,609,602.97 2,459,461.34 2,301,638.18 2,135,755.21 1,961,370.66 1,901,696.12 1,795,234.04 1,803,022.28 1,795,332.18 (7,690.10) 98.14
Loan Payable-Canyon 9 589,808.29 559,201.08 527,027.93 493,208.76 457,662.52 420,294.50 0.00 0.00 0.00 0.00 0.00 0.00
Loan Payable - SGCC Land Purchase 0.00 0.00 0.00 2,490,659.99 2,354,483.92 2,210,495.03 3,960,951.73 3,738,604.62 3,754,854.18 3,738,809.41 (16,044.77) 204.79
Deferred Income 950.00 0.00 0.00 0.00 0.00 15,393.12 0.00 0.00 0.00 0.00 0.00 0.00
Total Liabilities 3,825,243.89 3,592,421.20 3,636,598.68 5,980,413.22 5,758,682.18 5,400,198.09 6,988,258.10 6,458,780.49 6,465,472.44 6,432,200.78 (33,271.66) (26,579.71)
Equity
Inventory Adjustment 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,160.40 2,159.50 2,156.75 (2.75) (3.65)
CC&R Transfer Fee 153,834.39 262,075.21 402,291.36 552,694.37 735,353.39 735,353.39 0.00 0.00 0.00 0.00 0.00 0.00
Interfund Transfer 24,704.49 129,603.87 16,690.69 19,108.40 13,354.46 97,124.78 9,624.82 146,830.49 0.00 0.00 0.00 (146,830.49)
Prior Period Adjustment 0.00 0.00 0.00 100,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Members' Equity 5,084,712.45 4,861,372.20 5,093,887.19 5,031,390.48 5,350,522.91 5,335,603.41 5,593,366.98 4,403,529.43 4,468,483.19 4,468,483.19 0.00 64,953.76
Excess of Revenues/Expenditures (249,333.39) 197,650.22 69,305.09 202,207.79 (35,039.45) (8,579.59) (976,947.89) (81,876.73) 225,072.78 379,182.24 154,109.46 461,058.97
Total Equity 5,013,917.94 5,450,701.50 5,582,174.33 5,905,401.04 6,064,191.31 6,159,501.99 4,626,043.91 4,470,643.59 4,695,715.47 4,849,822.18 154,106.71 379,178.59
Total Liabilities & Equity 8,839,161.83 9,043,122.70 9,218,773.01 11,885,814.26 11,822,873.49 11,559,700.08 11,614,302.01 10,929,424.08 11,161,187.91 11,282,022.96 120,835.05 352,598.88
6
SOME Balance Sheet
SOME Somersett Owners Association
Reserve Fund - All Subs2012 2013 2014 2015 2016 2017 2018 2019 2020 2020 Change from Change from
Assets December December December December December December December December January February Prior Month Prior Year
US Bank Checking 2,573,649.13 530,962.34 483,483.88 115,468.14 412,343.95 712,848.48 722,027.04 2,737,024.75 3,061,364.88 3,019,077.64 (42,287.24) 282,052.89Bank of NV Money Market 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00FIB CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Bank of NV CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Metro CD 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Bank United Money Market 244,601.73 245,617.69 246,476.27 247,337.85 248,200.43 249,172.00 1,287.19 1,292.65 1,292.92 1,293.18 0.26 0.53UBS Financial Services - Cash 0.00 0.00 0.00 0.00 52,535.63 41,805.15 305,393.46 179,306.42 180,285.91 181,269.66 983.75 1,963.24UBS Financial Services - Portfolio 0.00 0.00 0.00 1,000,000.00 958,000.00 2,996,000.00 2,485,000.00 3,447,000.00 3,447,000.00 3,447,000.00 0.00 0.00US Bank Money Market #5651 0.00 2,653,712.52 2,158,394.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Pacific Western Bank MM 0.00 0.00 0.00 0.00 249,049.46 249,174.02 243,582.52 244,010.55 244,039.56 244,066.71 27.15 56.16Capital One Money Market 248,411.89 247,901.29 249,393.16 248,271.31 249,460.54 251,258.30 237,268.70 0.00 0.00 0.00 0.00 0.00Fidelity Investment -Cash 0.00 0.00 0.00 0.00 0.00 52,746.75 307,320.30 0.00 0.00 0.00 0.00 0.00Fidelity Investment Brokerage Account 0.00 0.00 500,000.00 505,085.91 505,085.91 465,000.00 220,000.00 0.00 0.00 0.00 0.00 0.00Pacific Western Bank 0.00 0.00 250,000.00 250,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Union Bank - MM X6092 0.00 0.00 0.00 2,156,150.85 2,160,455.28 160,387.21 1,450.94 0.00 0.00 0.00 0.00 0.00Cash in Transit 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Due (to)/From Main Operating 0.00 0.00 0.00 0.00 0.00 0.00 0.00 191,450.96 (28,396.17) (27,701.66) 694.51 (219,152.62)
Total Cash 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,835,131.20 5,178,391.91 4,523,330.15 6,800,085.33 6,905,587.10 6,865,005.53 (40,581.57) 64,920.20
Homeowner Delinquency
AR - Special Assessment Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 210,882.81 195,994.13 (14,888.68) (55,591.55)
Total Homeowner Delinquency 0.00 0.00 0.00 0.00 0.00 0.00 0.00 251,585.68 210,882.81 195,994.13 (14,888.68) (55,591.55)
Other Assets
A/R Other 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Unamortized Discount 0.00 0.00 0.00 0.00 0.00 (18.77) 0.00 (316.85) (288.04) (259.23) 28.81 57.62Accrued Interest Receivable 0.00 0.00 0.00 0.00 3,717.38 13,909.80 10,837.54 8,014.69 13,176.41 17,744.48 4,568.07 9,729.79Unamortized Premium 0.00 0.00 0.00 0.00 4,399.02 16,422.38 8,932.58 10,946.92 10,552.98 10,159.04 (393.94) (787.88)Due (To)/From Reserves 0.00 0.00 0.00 0.00 0.00 (4,231.73) (12,719.28) 105,317.64 105,317.64 105,317.64 0.00 0.00
Total Other Assets 0.00 0.00 0.00 0.00 8,116.40 26,081.68 7,050.84 123,962.40 128,758.99 132,961.93 4,202.94 8,999.53
Total Assets 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,843,247.60 5,204,473.59 4,530,380.99 7,175,633.41 7,245,228.90 7,193,961.59 (51,267.31) 18,328.18
Liabilities
Prepaid - SPA Assessments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00AP Open 16,387.70 0.00 8,550.00 2,044.73 5,641.11 21,720.71 21,154.95 22,981.07 41,544.39 11,820.00 (29,724.39) -11,161.07Capital Lease Payable 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Accrued Expenses 1,498.22 0.00 0.00 0.00 0.00 40,030.84 0.00 30,168.50 26,116.00 0.00 (26,116.00) -30,168.50
Total Liabilities 17,885.92 0.00 8,550.00 2,044.73 5,641.11 61,751.55 21,154.95 53,149.57 67,660.39 11,820.00 (55,840.39) (41,329.57)
Equity
Interfund Transfer (24,704.49) (129,603.87) (16,690.69) (19,108.40) (13,354.46) (97,124.78) (9,624.82) (146,830.49) 0.00 0.00 0.00 146,830.49Prior Period Adjustments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Members' Equity 2,537,822.80 3,048,776.83 3,678,193.84 3,873,657.71 4,523,871.56 4,828,419.49 4,520,831.63 4,613,222.71 7,122,483.84 7,122,483.84 0.00 2,509,261.13Excess of Revenues/Expenditures 535,658.52 759,020.88 217,694.81 665,720.02 327,089.39 411,427.33 (1,980.77) 2,656,091.62 55,084.67 59,657.75 4,573.08 (2,596,433.87)
Total Equity 3,048,776.83 3,678,193.84 3,879,197.96 4,520,269.33 4,837,606.49 5,142,722.04 4,509,226.04 7,122,483.84 7,177,568.51 7,182,141.59 4,573.08 59,657.75
Total Liabilities & Equity 3,066,662.75 3,678,193.84 3,887,747.96 4,522,314.06 4,843,247.60 5,204,473.59 4,530,380.99 7,175,633.41 7,245,228.90 7,193,961.59 (51,267.31) 18,328.18
7
03/31/2020 12:58:02 PM SOA Consolidated Statement of Revenue & ExpensesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
CommonArea
TCTC Gates TownSquare
TOTAL CommonArea
TCTC Gates TownSquare
TOTAL
Operating Operating Operating Operating Operating Reserve Reserve Reserve Reserve Reserve
REVENUE
40005 Assessments 664,440 347,456 94,224 17,201 1,123,321 0 0 0 0 0
40015 Assessment - Commercial 15,782 0 0 0 15,782 0 0 0 0 0
40020 Assessment - Non Member Country Club 922 4,145 0 0 5,067 0 0 0 0 0
41000 Reserve Transfer 0 0 0 0 0 71,667 58,833 50,833 0 181,333
43500 Special Assessments 0 0 0 0 0 0 0 0 0 0
45000 CC&R Transfer Fee 22,683 0 0 0 22,683 0 0 0 0 0
45125 Arc & Landscape Review Fees 1,250 0 0 0 1,250 0 0 0 0 0
45156 Late Fee 11,000 0 0 0 11,000 0 0 0 0 0
45245 Fines 1,150 0 0 0 1,150 0 0 0 0 0
45405 Gate Transmitters/Clickers 0 0 500 0 500 0 0 0 0 0
45550 Activity Fee 0 15,285 0 0 15,285 0 0 0 0 0
45560 Massage Fee 0 8,627 0 0 8,627 0 0 0 0 0
45565 Guest Fees for Facility 0 1,722 0 0 1,722 0 0 0 0 0
45570 Instruction Revenue 0 2,730 0 0 2,730 0 0 0 0 0
45580 Kids Camp 0 4,568 0 0 4,568 0 0 0 0 0
45645 Interest - Financial 1,032 0 0 0 1,032 3,779 4,123 9,276 0 17,177
45646 Interest - HO 1,146 0 0 0 1,146 0 0 0 0 0
45925 Sales - Other, Non Alcohol 0 7 0 0 7 0 0 0 0 0
46005 Green Fee/Equip Rental/Merch 1,888 0 0 0 1,888 0 0 0 0 0
90000 Reserve Transfer (71,667) (58,833) (50,833) 0 (181,333) 0 0 0 0 0
TOTAL REVENUE $649,627 $325,708 $43,891 $17,201 $1,036,427 $75,446 $62,956 $60,109 $0 $198,510
EXPENSES
Payroll and Benefits
60005 P/R - Administrative 54,616 77,879 12,464 3,452 148,411 0 0 0 0 0
Total Payroll and Benefits $54,616 $77,879 $12,464 $3,452 $148,411 $0 $0 $0 $0 $0
Landscaping
70005 L/S - Contract 161,006 650 0 4,630 166,286 0 0 0 0 0
71005 L/S - Renovations/Improvements 0 0 0 0 0 14,726 0 0 0 14,726
71040 L/S - Ditch Maintenance 2,179 0 0 0 2,179 0 0 0 0 0
Page 1 of
SOME Somersett Owners Association Financials
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03/31/2020 12:58:02 PM SOA Consolidated Statement of Revenue & ExpensesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
CommonArea
TCTC Gates TownSquare
TOTAL CommonArea
TCTC Gates TownSquare
TOTAL
Operating Operating Operating Operating Operating Reserve Reserve Reserve Reserve Reserve
Total Landscaping $163,185 $650 $0 $4,630 $168,465 $14,726 $0 $0 $0 $14,726
Repairs and Maintenance
72000 R/M - Maintenance Allocation 8,212 16,428 8,212 0 32,852 0 0 0 0 0
72050 R/M - Fences,Signs,Rock Walls, Misc 0 0 0 0 0 9,030 0 0 0 9,030
72090 R/M - Snow Plowing & Sanding 1,100 0 4,910 2,038 8,048 0 0 0 0 0
72142 Excercise Equipment 0 0 0 0 0 0 587 0 0 587
72200 R/M - Janitorial Supplies 152 63 0 0 214 0 0 0 0 0
72220 Gate Maintenance 0 0 965 0 965 0 0 0 0 0
72225 Gate - Clickers 888 0 0 0 888 0 0 0 0 0
72235 Loan Interest - Common 32,426 0 0 0 32,426 0 0 0 0 0
72240 C9 Operations 22,917 0 0 0 22,917 0 0 0 0 0
72298 Pool/Spa - Chemicals 0 4,321 0 0 4,321 0 0 0 0 0
72300 Pool/Spa Service Contract 0 925 0 0 925 0 0 0 0 0
72310 Pool/Spa - Repairs & Supplies 0 618 0 0 618 0 0 0 0 0
72317 Pool - Utilities 0 7,072 0 0 7,072 0 0 0 0 0
72368 Activity Supplies 0 2,397 0 0 2,397 0 0 0 0 0
72385 R/M - Paving 0 0 0 0 0 36,373 0 0 0 36,373
72420 R/M - Floor 0 0 0 0 0 0 15,350 0 0 15,350
72440 R/M - Building 0 335 0 0 335 0 0 0 0 0
72444 Outdoor Equipment (Canyon 9) 0 0 0 0 0 22,864 0 0 0 22,864
72450 R/M - Paint 0 0 0 0 0 0 24,288 0 0 24,288
72455 R/M - Pool 0 0 0 0 0 0 10,634 0 0 10,634
72480 Contracted Services 2,648 28,079 3,688 0 34,414 0 0 0 0 0
Total Repairs and Maintenance $68,341 $60,238 $17,775 $2,038 $148,392 $68,267 $50,860 $0 $0 $119,127
Building Maintenance
76030 Complimentary Supplies 0 2,402 0 0 2,402 0 0 0 0 0
Total Building Maintenance $0 $2,402 $0 $0 $2,402 $0 $0 $0 $0 $0
Utilities
74005 Electricity 4,791 2,165 76 0 7,033 0 0 0 0 0
74035 C9 Electricity 342 0 0 0 342 0 0 0 0 0
74065 Water 4,397 770 0 0 5,168 0 0 0 0 0
Page 2 of
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03/31/2020 12:58:02 PM SOA Consolidated Statement of Revenue & ExpensesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
CommonArea
TCTC Gates TownSquare
TOTAL CommonArea
TCTC Gates TownSquare
TOTAL
Operating Operating Operating Operating Operating Reserve Reserve Reserve Reserve Reserve
74070 Sewer & Waste Removal 98 2,545 0 0 2,642 0 0 0 0 0
74095 Gas 0 3,477 0 0 3,477 0 0 0 0 0
74125 Telephone 66 807 5,242 0 6,115 0 0 0 0 0
Total Utilities $9,694 $9,765 $5,318 $0 $24,777 $0 $0 $0 $0 $0
Community Safety
75085 Patrol Service 10,310 928 3,733 0 14,971 0 0 0 0 0
Total Community Safety $10,310 $928 $3,733 $0 $14,971 $0 $0 $0 $0 $0
Administrative
77015 Fees & Permits 233 268 0 0 501 0 0 0 0 0
77020 Account Reimbursable 4,010 0 0 0 4,010 0 0 0 0 0
77050 Collection Cost 251 0 0 0 251 0 0 0 0 0
77055 Town Square Assessments 0 11,159 0 0 11,159 0 0 0 0 0
77070 Reserve Study Preparation 0 0 0 0 0 1,667 1,667 1,667 0 5,000
77110 Travel/Mileage Expense 0 678 0 0 678 0 0 0 0 0
77125 Recruitment/Employee Relations 0 300 0 0 300 0 0 0 0 0
77135 Education/Training 310 0 0 0 310 0 0 0 0 0
77200 Management Fees 13,004 3,879 690 500 18,073 0 0 0 0 0
77230 Office Supplies 6 346 0 0 352 0 0 0 0 0
77260 Postage/Printing 699 0 0 0 699 0 0 0 0 0
77270 Community Website & Newsletter 126 402 0 0 528 0 0 0 0 0
77290 Mobile Phones/Radios 0 655 0 0 655 0 0 0 0 0
77350 Community Events 106 0 0 0 106 0 0 0 0 0
77530 Bank/Credit Card Service Charges 70 921 0 0 991 0 0 0 0 0
77630 Massage Therapist Payout 0 6,490 0 0 6,490 0 0 0 0 0
77632 Fitness Instructors 0 12,182 0 0 12,182 0 0 0 0 0
77645 R/M - Fitness Supplies 0 387 0 0 387 0 0 0 0 0
77707 Summer Camp 0 65 0 0 65 0 0 0 0 0
77730 Architect Review - Landscape & Custom 6,386 0 0 0 6,386 0 0 0 0 0
77740 Consulting/Professional Service 1,255 0 0 0 1,255 0 0 0 0 0
77760 Legal Fees 10,431 0 0 0 10,431 0 0 0 0 0
77765 Rockery Wall Lawsuit 1,031 0 0 0 1,031 0 0 0 0 0
77900 Loan Interest - TCTC 0 15,541 0 0 15,541 0 0 0 0 0
Page 3 of
SOME Somersett Owners Association Financials
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03/31/2020 12:58:02 PM SOA Consolidated Statement of Revenue & ExpensesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
CommonArea
TCTC Gates TownSquare
TOTAL CommonArea
TCTC Gates TownSquare
TOTAL
Operating Operating Operating Operating Operating Reserve Reserve Reserve Reserve Reserve
77950 Depreciation Expense 1,390 42,102 0 0 43,492 0 0 0 0 0
Total Administrative $39,308 $95,376 $690 $500 $135,873 $1,667 $1,667 $1,667 $0 $5,000
Taxes and Insurance
78005 Taxes - Real Property 381 0 0 0 381 0 0 0 0 0
78025 Taxes - Personal Property 758 0 0 0 758 0 0 0 0 0
78105 Ins - Liability & Property 1,894 6,679 1,396 0 9,969 0 0 0 0 0
78190 Ins - Directors & Officers 2,763 0 0 0 2,763 0 0 0 0 0
78240 Ins - Workmens Comp 83 0 0 0 83 0 0 0 0 0
Total Taxes and Insurance $5,878 $6,679 $1,396 $0 $13,953 $0 $0 $0 $0 $0
TOTAL EXPENSES $351,333 $253,917 $41,375 $10,620 $657,244 $84,660 $52,526 $1,667 $0 $138,853
EXCESS OF REVENUES/EXPENSES $298,294 $71,791 $2,516 $6,581 $379,182 ($9,214) $10,430 $58,442 $0 $59,658
Page 4 of
SOME Somersett Owners Association Financials
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11
SOME - Variance Analysis
Project title:
Period covered: 2/29/2020
Operating
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
74005 Electricity 1,500$ (1,664)$ usage based on actuals N/A
74065 Water 2,000$ (1,251)$ usage based on actuals N/A
77260 Postage/Printing 500$ (7,220)$ Includes November Billing & 2020 Budget Mailing N/A
60005 P/R - Admin 27,500$ (1,450)$ Accounting over accrued January expense N/A
72480 Contracted Service 11,263$ 9,101$ Budgeted amount includes Fire Fuel 100k cost Adjust monthly expense next month
77020 Account Reimb 800$ (3,210)$ Includes annual storage expense N/A
Reserve
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
71005 LS - Renov/Improv -$ (11,216)$ Consulting fees for drainage maint & drainage channel clean-up expense
N/A
72385 R/M - Paving -$ (19,860)$ Grad-ex low spot asphalt repair N/A
GENERAL COMMON
03/31/2020 12:59:42 PM SOA Statement of Revenue & Expenses -Common Area Operating Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
40005 Assessments 332,220 332,010 210 664,440 664,020 420 4,001,760
40015 Assessment - Commercial 7,891 7,891 0 15,782 15,782 0 94,689
40020 Assessment - Non Member Country Club 469 470 (1) 922 941 (19) 5,645
40021 Bad Debt - Contra 0 0 0 0 (1,000) 1,000 (10,000)
43500 Special Assessments 0 0 0 0 0 0 0
45000 CC&R Transfer Fee 3,693 13,000 (9,307) 22,683 23,000 (317) 175,000
45125 Arc & Landscape Review Fees 875 3,500 (2,625) 1,250 6,700 (5,450) 43,000
45156 Late Fee 3,600 1,200 2,400 11,000 2,700 8,300 15,000
45245 Fines 800 300 500 1,150 600 550 3,600
45645 Interest - Financial 499 67 432 1,032 133 899 800
45646 Interest - HO 575 100 475 1,146 200 946 1,200
45800 Loan Payment Carryover 0 (15,901) 15,901 0 (32,259) 32,259 (197,725)
46005 Green Fee/Equip Rental/Merch 1,414 300 1,114 1,888 800 1,088 34,000
46015 Community Event Revenue 0 0 0 0 0 0 500
46475 SGCC Lease 0 500 (500) 0 1,700 (1,700) 29,120
90000 Reserve Transfer (35,833) (35,833) 0 (71,667) (71,667) 0 (430,000)
TOTAL REVENUE $316,203 $307,604 $8,599 $649,627 $611,650 $37,977 $3,766,589
EXPENSES
Landscaping
70005 L/S - Contract 80,048 82,048 2,000 161,006 164,097 3,090 984,579
70025 L/S - Repairs/Maintenance 0 500 500 0 700 700 50,000
71005 L/S - Renovations/Improvements 0 0 0 0 0 0 40,000
71040 L/S - Ditch Maintenance 0 0 0 2,179 0 (2,179) 18,500
71225 L/S - Irrigation 0 0 0 0 0 0 15,000
71450 L/S - East Park 0 0 0 0 0 0 500
72090 R/M - Snow Plowing & Sanding 0 20,000 20,000 1,100 30,000 28,901 40,000
Total Landscaping $80,048 $102,548 $22,500 $164,284 $194,797 $30,512 $1,148,579
Utilities and Maintenance
72000 R/M - Maintenance Allocation 4,106 4,400 294 8,212 8,800 588 54,060
74005 Electricity 3,164 1,500 (1,664) 4,791 2,900 (1,891) 37,000
74035 C9 Electricity 143 500 357 342 1,500 1,158 7,000
74065 Water 3,251 2,000 (1,251) 4,397 3,800 (597) 400,500
74070 Sewer & Waste Removal 49 49 0 98 98 1 590
74125 Telephone 32 35 3 66 70 4 420
72462 Contingency 0 0 0 0 0 0 564,486
Total Utilities and Maintenance $10,745 $8,484 ($2,261) $17,906 $17,168 ($737) $1,064,056
General and Administrative
77200 Management Fees 6,453 6,450 (3) 13,004 12,900 (103) 77,728
77230 Office Supplies 6 300 294 6 500 494 5,000
77260 Postage/Printing 160 4,000 3,840 699 4,500 3,801 35,000
60005 P/R - Administrative 28,950 27,500 (1,450) 54,616 55,000 384 352,500
72480 Contracted Services 2,163 11,263 9,101 2,648 22,527 19,879 135,160
77740 Consulting/Professional Service 715 2,000 1,285 1,255 4,000 2,745 30,000
77750 Audit & Tax Service 0 0 0 0 0 0 3,900
77760 Legal Fees 2,150 5,000 2,850 10,431 15,000 4,569 100,000
77765 Rockery Wall Lawsuit 0 5,000 5,000 1,031 15,000 13,969 100,000
77770 Rock Wall Monitoring 0 0 0 0 0 0 21,250Page 1 of
SOME Somersett Owners Association Financials
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03/31/2020 12:59:42 PM SOA Statement of Revenue & Expenses -Common Area Operating Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
77530 Bank/Credit Card Service Charges 35 35 0 70 70 0 420
77015 Fees & Permits 275 0 (275) 233 0 (233) 24,000
77050 Collection Cost 0 0 0 251 0 (251) 0
77135 Education/Training 0 0 0 310 0 (310) 1,000
77950 Depreciation Expense 140 0 (140) 1,390 1,600 210 6,400
78005 Taxes - Real Property 0 0 0 381 5,000 4,619 26,870
78025 Taxes - Personal Property 758 0 (758) 758 0 (758) 0
77020 Account Reimbursable 4,010 800 (3,210) 4,010 1,300 (2,710) 12,000
Total General and Administrative $45,814 $62,349 $16,535 $91,093 $137,397 $46,304 $931,228
AGC Expenses
77730 Architect Review - Landscape & Custom 36 0 (36) 6,386 10,200 3,814 43,200
Total AGC Expenses $36 $0 ($36) $6,386 $10,200 $3,814 $43,200
C9 Operations and Community Access
72235 Loan Interest - Common 16,176 16,314 137 32,426 32,169 (257) 188,846
72240 C9 Operations 22,917 22,083 (833) 22,917 44,167 21,250 265,000
Total C9 Operations and Community Access $39,093 $38,397 ($696) $55,342 $76,336 $20,993 $453,846
Patrol/Community Events
75085 Patrol Service 5,044 5,236 192 10,310 10,472 161 62,830
76035 Canyon Nine Operational Expenses 0 0 0 0 0 0 7,500
77350 Community Events 25 600 575 106 600 494 17,000
77270 Community Website & Newsletter 63 120 57 126 195 69 4,300
Total Patrol/Community Events $5,133 $5,956 $823 $10,542 $11,267 $725 $91,630
Insurance
78105 Ins - Liability & Property 947 854 (93) 1,894 1,708 (186) 10,250
78190 Ins - Directors & Officers 1,382 1,962 581 2,763 3,925 1,161 23,547
78240 Ins - Workmens Comp 41 21 (20) 83 42 (40) 253
Total Insurance $2,370 $2,838 $468 $4,740 $5,675 $935 $34,050
TOTAL EXPENSES $183,238 $220,571 $37,333 $350,293 $452,839 $102,546 $3,766,589
EXCESS OF REVENUE/EXPENSES $132,812 $87,033 $45,780 $298,294 $158,810 $139,484 $0
Page 2 of
SOME Somersett Owners Association Financials
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13
03/31/2020 1:02:33 PM SOA Statement of Revenue & Expenses -Common Area Reserve Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
41000 Reserve Transfer 35,833 35,833 0 71,667 71,667 0 430,000
45645 Interest - Financial 1,814 0 1,814 3,779 0 3,779 0
TOTAL REVENUE $37,648 $35,833 $1,814 $75,446 $71,667 $3,779 $430,000
EXPENSES
Landscaping
71005 L/S - Renovations/Improvements 11,216 0 (11,216) 14,726 0 (14,726) 143,496
71065 L/S - Tree Mapping 0 0 0 0 0 0 109,850
71205 Pathway - Trail Repairs 0 0 0 0 0 0 10,506
71225 L/S - Irrigation 0 0 0 0 0 0 114,246
Total Landscaping $11,216 $0 ($11,216) $14,726 $0 ($14,726) $378,098
Repairs and Maintenance
72050 R/M - Fences,Signs,Rock Walls, Misc 7,405 8,865 1,460 9,030 17,730 8,700 106,380
72100 R/M - Lighting Maintenance 0 0 0 0 0 0 7,804
72265 Lake/Pond Repair 0 0 0 0 0 0 157,594
72385 R/M - Paving 19,860 0 (19,860) 36,373 0 (36,373) 0
72400 R/M - Concrete Borders 0 0 0 0 0 0 34,898
72411 R/M - Golf Cart Equipment 0 0 0 0 0 0 8,959
72440 R/M - Building 0 0 0 0 0 0 7,380
72442 Golf Course Outdoor Equipment - Ben 0 0 0 0 0 0 21,834
72443 Pump Replacement 0 0 0 0 0 0 31,519
72444 Outdoor Equipment (Canyon 9) 0 0 0 22,864 0 (22,864) 114,790
Total Repairs and Maintenance $27,265 $8,865 ($18,400) $68,267 $17,730 ($50,537) $491,158
Administrative
77070 Reserve Study Preparation 1,667 0 (1,667) 1,667 0 (1,667) 0
77230 Office Supplies 0 0 0 0 0 0 1,938
Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $1,938
TOTAL EXPENSES $40,148 $8,865 ($31,283) $84,660 $17,730 ($66,930) $871,194
EXCESS OF REVENUES/EXPENSES ($2,500) $26,968 ($29,468) ($9,214) $53,937 ($63,151) ($441,194)
Page 1 of
SOME Somersett Owners Association Financials
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18
SOME - Variance Analysis
Project title:
Period covered: 2/29/2020
Operating
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
72480 Contacted Service 11,000$ (8,131)$ Includes 2 mos of cleaning service billing and retro fitting of
exterior lightingN/A
72000 RM - Maint Alloc 8,800$ (3,522)$ Accounting under accred last month N/A
72310 Pool/Spa - Repairs -$ (618)$ charged invoice to wrong GLAccounting will adjust in March financials
72317 Pool - Utilities 1,500$ (3,655)$ January billing was higher than what accounting accrued, so it
was adjusted on February financialsN/A
74095 Gas 500$ (2,057)$ Accounting under accrued based on prior billing N/A
Reserve
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
72420 R/M - Floor -$ (15,350)$ 3rd Billing for downstairs carpet replacement N/A
72450 R/M - Paint -$ (14,000)$ Final billing for painting of downstairs N/A
TCTC
03/31/2020 1:00:44 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Operating FundSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
Assessment Revenue
40005 Assessments 173,728 173,609 119 347,456 347,219 237 2,097,552
40020 Assessment - Non Member Country Club 2,117 2,333 (217) 4,145 4,667 (521) 28,000
40021 Bad Debt - Contra 0 (833) 833 0 (1,667) 1,667 (10,000)
90000 Reserve Transfer (29,417) (29,417) 0 (58,833) (58,833) 0 (353,000)
Total Assessment Revenue $146,428 $145,693 $735 $292,768 $291,385 $1,383 $1,762,552
Operations Revenue
45550 Activity Fee 2,529 3,000 (471) 15,285 19,000 (3,715) 60,000
45555 Swim Lesson Fee 0 0 0 0 0 0 10,000
45560 Massage Fee 4,205 1,000 3,205 8,627 3,000 5,627 25,000
45565 Guest Fees for Facility 1,290 750 540 1,722 1,500 222 16,000
45570 Instruction Revenue 580 1,000 (420) 2,730 2,300 430 14,000
45575 Private Party/Room Rental 0 0 0 0 350 (350) 4,350
45580 Kids Camp 446 1,000 (554) 4,568 3,500 1,068 90,700
Total Operations Revenue $9,050 $6,750 $2,300 $32,932 $29,650 $3,282 $220,050
Food & Beverage Revenue
45800 Loan Payment Carryover 0 (7,634) 7,634 0 (15,488) 15,488 (94,927)
45845 Sales - Snack Bar Food 0 50 (50) 0 50 (50) 16,000
45885 Sales - Alcohol 0 100 (100) 0 200 (200) 8,000
45925 Sales - Other, Non Alcohol 6 100 (94) 7 150 (143) 5,000
Total Food & Beverage Revenue $6 ($7,384) $7,389 $7 ($15,088) $15,095 ($65,927)
TOTAL REVENUE $155,484 $145,059 $10,425 $325,708 $305,948 $19,760 $1,916,675
EXPENSES
Cost of Sales
50005 COS - Snack Bar Supplies 0 0 0 0 0 0 2,200
50010 COS - Food 0 0 0 0 0 0 11,000
50015 COS - Alcohol 0 200 200 0 400 400 3,200
50025 COS - Non Alcohol 0 50 50 0 150 150 4,500
Total Cost of Sales $0 $250 $250 $0 $550 $550 $20,900
Operations
77630 Massage Therapist Payout 2,243 2,000 (243) 6,490 3,000 (3,490) 25,000
77632 Fitness Instructors 5,908 8,000 2,092 12,182 15,500 3,318 95,000
77645 R/M - Fitness Supplies 195 1,200 1,005 387 1,700 1,313 16,000
72368 Activity Supplies 2,309 2,000 (309) 2,397 3,100 703 25,000
77707 Summer Camp 65 0 (65) 65 0 (65) 27,000
60005 P/R - Administrative 40,516 43,000 2,484 77,879 86,000 8,121 743,500
77110 Travel/Mileage Expense 339 400 61 678 600 (78) 6,000
77125 Recruitment/Employee Relations 0 0 0 300 0 (300) 12,000
77290 Mobile Phones/Radios 100 450 350 655 900 245 5,400
Total Operations $51,675 $57,050 $5,375 $101,033 $110,800 $9,767 $954,900
General and Administrative
77200 Management Fees 2,020 1,838 (182) 3,879 3,676 (203) 22,058
77230 Office Supplies 0 300 300 346 800 454 4,000
Page 1 of
SOME Somersett Owners Association Financials
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03/31/2020 1:00:44 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Operating FundSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
77270 Community Website & Newsletter 147 200 53 402 400 (2) 10,000
72480 Contracted Services 19,131 11,000 (8,131) 28,079 21,000 (7,079) 132,595
75085 Patrol Service 369 317 (52) 928 633 (295) 3,800
78105 Ins - Liability & Property 3,340 3,012 (328) 6,679 6,024 (655) 36,145
77015 Fees & Permits 268 300 32 268 2,900 2,632 12,000
78005 Taxes - Real Property 0 0 0 0 0 0 1,400
77530 Bank/Credit Card Service Charges 524 500 (24) 921 800 (121) 5,500
77750 Audit & Tax Service 0 0 0 0 0 0 9,000
77760 Legal Fees 0 0 0 0 250 250 1,000
77950 Depreciation Expense 21,422 22,264 842 42,102 44,528 2,426 267,166
77055 Town Square Assessments 5,580 5,580 0 11,159 11,159 0 66,955
Total General and Administrative $52,799 $45,310 ($7,489) $94,763 $92,171 ($2,593) $571,619
Building Expense
72425 Special Projects - TCTC Expansion 0 0 0 0 0 0 50,000
72440 R/M - Building 0 2,000 2,000 335 4,000 3,665 50,000
70005 L/S - Contract 0 625 625 650 1,250 600 7,500
72000 R/M - Maintenance Allocation 12,322 8,800 (3,522) 16,428 17,600 1,172 106,300
72010 R/M - Supplies, Small Tools & Equipment 0 600 600 0 1,000 1,000 4,000
76030 Complimentary Supplies 869 1,500 631 2,402 2,300 (102) 16,270
72200 R/M - Janitorial Supplies 63 1,000 938 63 2,000 1,938 12,000
72298 Pool/Spa - Chemicals 2,175 500 (1,675) 4,321 1,500 (2,821) 17,000
72300 Pool/Spa Service Contract 925 200 (725) 925 400 (525) 5,000
72310 Pool/Spa - Repairs & Supplies 618 0 (618) 618 0 (618) 0
72317 Pool - Utilities 5,155 1,500 (3,655) 7,072 3,000 (4,072) 15,500
74005 Electricity 5,298 2,800 (2,498) 2,165 5,600 3,435 40,500
74065 Water 361 400 39 770 700 (70) 13,500
74070 Sewer & Waste Removal 766 500 (266) 2,545 1,200 (1,345) 10,000
74095 Gas 2,557 500 (2,057) 3,477 1,100 (2,377) 13,000
74125 Telephone 408 402 (6) 807 804 (3) 4,822
Total Building Expense $31,517 $21,327 ($10,190) $42,579 $42,454 ($125) $365,392
Club Loan
77900 Loan Interest - TCTC 7,753 7,832 79 15,541 15,444 (97) 90,664
Total Club Loan $7,753 $7,832 $79 $15,541 $15,444 ($97) $90,664
TOTAL EXPENSES $143,744 $131,769 ($11,975) $253,917 $261,419 $7,502 $2,003,475
EXCESS OF REVENUE/EXPENSES $11,740 $13,289 ($1,550) $71,791 $44,529 $27,262 ($86,800)
Page 2 of
SOME Somersett Owners Association Financials
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15
03/31/2020 1:03:58 PM SOA Statement of Revenue & Expenses - TheClub at Town Center Reserve Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
41000 Reserve Transfer 29,417 29,417 0 58,833 58,833 0 353,000
45645 Interest - Financial 1,979 0 1,979 4,123 0 4,123 0
TOTAL REVENUE $31,396 $29,417 $1,979 $62,956 $58,833 $4,123 $353,000
EXPENSES
Repairs and Maintenance
72100 R/M - Lighting Maintenance 0 0 0 0 0 0 42,657
72142 Excercise Equipment 587 0 (587) 587 0 (587) 0
72165 Snack Shack Appliance Replacement 0 0 0 0 0 0 1,860
72170 Appliance Replacement 0 0 0 0 0 0 11,442
72275 Tot Lot - Play Equipment 0 0 0 0 0 0 632,175
72310 Pool/Spa - Repairs & Supplies 0 0 0 0 0 0 60,848
72400 R/M - Concrete Borders 0 0 0 0 0 0 96,512
72410 R/M - Equipment 0 0 0 0 0 0 8,299
72420 R/M - Floor 15,350 0 (15,350) 15,350 0 (15,350) 57,792
72440 R/M - Building 0 0 0 0 0 0 103,432
72445 R/M - Roof 0 0 0 0 0 0 48,330
72450 R/M - Paint 24,288 0 (24,288) 24,288 6,820 (17,468) 6,820
72455 R/M - Pool 10,634 9,965 (669) 10,634 19,930 9,296 39,860
Total Repairs and Maintenance $50,860 $9,965 ($40,895) $50,860 $26,750 ($24,110) $1,110,027
Security
75105 Security System 0 0 0 0 0 0 15,498
Total Security $0 $0 $0 $0 $0 $0 $15,498
Administrative
77070 Reserve Study Preparation 1,667 0 (1,667) 1,667 0 (1,667) 0
77230 Office Supplies 0 0 0 0 0 0 1,400
Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $1,400
TOTAL EXPENSES $52,526 $9,965 ($42,561) $52,526 $26,750 ($25,776) $1,126,925
EXCESS OF REVENUES/EXPENSES ($21,130) $19,452 ($40,582) $10,430 $32,083 ($21,654) ($773,925)
Page 1 of
SOME Somersett Owners Association Financials
1
19
SOME - Variance Analysis
Project title:
Period covered: 2/29/2020
Operating
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
72480 Contracted Service 1,183$ (1,185)$ Accounting accrued for Doorking invoice and CCTV invoicing. N/A
74125 Telephone 1,133$ 1,199$ AT&T billing increased. Management is working on getting contract
renewed to lower pricing
N/A
Reserve
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
GATES
03/31/2020 1:01:43 PM SOA Statement of Revenue & Expenses -Gates Operating Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
40005 Assessments 47,112 47,196 (84) 94,224 94,392 (168) 566,352
40021 Bad Debt - Contra 0 (375) 375 0 (750) 750 (4,500)
45405 Gate Transmitters/Clickers 275 200 75 500 400 100 4,700
90000 Reserve Transfer (25,417) (25,417) 0 (50,833) (50,833) 0 (305,000)
TOTAL REVENUE $21,970 $21,604 $366 $43,891 $43,209 $682 $261,552
EXPENSES
General and Administrative
77200 Management Fees 247 438 191 690 875 186 5,251
72480 Contracted Services 2,368 1,183 (1,185) 3,688 2,367 (1,321) 14,200
60005 P/R - Administrative 6,584 6,300 (284) 12,464 12,600 136 75,600
75085 Patrol Service 936 1,939 1,003 3,733 3,877 145 23,264
78105 Ins - Liability & Property 698 629 (69) 1,396 1,259 (137) 7,552
77750 Audit & Tax Service 0 0 0 0 0 0 900
77760 Legal Fees 0 0 0 0 0 0 1,000
Total General and Administrative $10,832 $10,489 ($343) $21,970 $20,978 ($992) $127,767
Utilities
74005 Electricity 6 100 94 76 200 124 1,200
74125 Telephone 2,629 1,430 (1,199) 5,242 2,860 (2,382) 17,160
Total Utilities $2,635 $1,530 ($1,105) $5,318 $3,060 ($2,258) $18,360
Maintenance
72000 R/M - Maintenance Allocation 4,106 4,400 294 8,212 8,800 588 53,425
72090 R/M - Snow Plowing & Sanding 0 10,000 10,000 4,910 13,000 8,090 49,000
72220 Gate Maintenance 875 1,500 625 965 2,700 1,735 8,500
72225 Gate - Clickers 0 0 0 0 0 0 4,500
Total Maintenance $4,981 $15,900 $10,919 $14,087 $24,500 $10,413 $115,425
TOTAL EXPENSES $18,449 $27,919 $9,470 $41,375 $48,538 $7,163 $261,552
EXCESS OF REVENUE/EXPENSES $3,522 ($6,315) $9,836 $2,516 ($5,329) $7,845 $0
Page 1 of
SOME Somersett Owners Association Financials
1
16
03/31/2020 1:05:23 PM SOA Statement of Revenue & Expenses -Gates Reserve Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
41000 Reserve Transfer 25,417 25,417 0 50,833 50,833 0 305,000
45645 Interest - Financial 4,454 0 4,454 9,276 0 9,276 0
TOTAL REVENUE $29,870 $25,417 $4,454 $60,109 $50,833 $9,276 $305,000
EXPENSES
Repairs and Maintenance
72220 Gate Maintenance 0 0 0 0 0 0 16,779
72385 R/M - Paving 0 0 0 0 0 0 11,226
72405 Fire Hydrant 0 0 0 0 0 0 5,353
72470 Monument Repair - Lettering/Signage 0 0 0 0 0 0 31,519
Total Repairs and Maintenance $0 $0 $0 $0 $0 $0 $64,877
Administrative
77070 Reserve Study Preparation 1,667 0 (1,667) 1,667 0 (1,667) 0
Total Administrative $1,667 $0 ($1,667) $1,667 $0 ($1,667) $0
TOTAL EXPENSES $1,667 $0 ($1,667) $1,667 $0 ($1,667) $64,877
EXCESS OF REVENUES/EXPENSES $28,203 $25,417 $2,787 $58,442 $50,833 $7,609 $240,123
Page 1 of
SOME Somersett Owners Association Financials
1
20
SOME - Variance Analysis
Project title:
Period covered: 2/29/2020
Operating
GL Expenditure Budgeted Variance Reason for the variance Follow up action?
60005 PR - Admin 1,850$ 1,850$ Accounting over accrued for January N/A
TOWN SQUARE
03/31/2020 1:07:15 PM SOA Statement of Revenue & Expenses -Town Square Operating Fund
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
GL Feb Feb Feb YTD YTD YTD 2020Actual Budget Variance Actual Budget Variance Budget
REVENUE
40005 Assessments 8,601 9,375 (775) 17,201 18,751 (1,549) 112,505
TOTAL REVENUE $8,601 $9,375 ($775) $17,201 $18,751 ($1,549) $112,505
EXPENSES
Landscaping
70005 L/S - Contract 2,315 2,315 0 4,630 4,630 0 27,780
71005 L/S - Renovations/Improvements 0 0 0 0 0 0 3,000
71225 L/S - Irrigation 0 0 0 0 0 0 2,500
72090 R/M - Snow Plowing & Sanding 0 8,000 8,000 2,038 18,000 15,962 35,000
Total Landscaping $2,315 $10,315 $8,000 $6,668 $22,630 $15,962 $68,280
General and Administrative
77200 Management Fees 250 250 0 500 500 0 3,000
77230 Office Supplies 0 0 0 0 0 0 30
77260 Postage/Printing 0 0 0 0 0 0 175
60005 P/R - Administrative 0 1,850 1,850 3,452 3,700 248 22,200
72480 Contracted Services 0 0 0 0 0 0 1,500
77760 Legal Fees 0 125 125 0 250 250 1,500
77005 Bad Debt 0 0 0 0 0 0 13,820
Total General and Administrative $250 $2,225 $1,975 $3,952 $4,450 $498 $42,225
TOTAL EXPENSES $2,565 $12,540 $9,975 $10,620 $27,080 $16,460 $110,505
EXCESS OF REVENUE/EXPENSES $6,036 ($3,165) $9,200 $6,581 ($8,329) $14,911 $0
Page 1 of
SOME Somersett Owners Association Financials
1
17
03/31/2020 1:07:02 PM SOA Projected Statement of Revenue & Expenses - CommonArea
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Acct Descript Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
REVENUE
40005 Assessments 332,220 332,220 333,165 333,165 333,270 333,270 333,270 334,320 334,320 334,320 334,320 334,320 4,002,180 4,001,760 420
40015 Assessment - Co 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 7,891 94,689 94,689 0
40020 Assessment - No 452 469 470 470 470 470 470 470 470 470 470 470 5,626 5,645 (19)
40021 Bad Debt - Contr 0 0 0 (2,000) 0 0 0 (5,000) 0 0 0 (2,000) (9,000) (10,000) 1,000
43500 Special Assessme 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
45000 CC&R Transfer F 18,990 3,693 13,000 16,000 16,000 12,000 15,000 20,000 18,000 15,000 15,000 12,000 174,683 175,000 (317)
45125 Arc & Landscape 375 875 5,500 5,500 3,500 6,500 4,000 4,000 2,500 2,000 1,500 1,300 37,550 43,000 (5,450)
45156 Late Fee 7,400 3,600 1,500 2,000 1,000 1,200 1,000 1,200 1,000 1,200 1,200 1,000 23,300 15,000 8,300
45245 Fines 350 800 300 300 300 300 300 300 300 300 300 300 4,150 3,600 550
45645 Interest - Financi 534 499 67 67 67 67 67 67 67 67 67 67 1,699 800 899
45646 Interest - HO 571 575 100 100 100 100 100 100 100 100 100 100 2,146 1,200 946
45800 Loan Payment Car 0 0 (16,493) (16,562) (16,111) (16,698) (16,253) (16,835) (16,395) (16,466) (17,042) (16,610) (165,466) (197,725) 32,259
46005 Green Fee/Equip 474 1,414 1,000 3,000 3,000 5,000 6,000 6,000 3,200 3,000 1,500 1,500 35,088 34,000 1,088
46015 Community Event 0 0 0 0 0 0 0 0 0 500 0 0 500 500 0
46475 SGCC Lease 0 0 500 11,710 500 500 500 500 11,710 500 500 500 27,420 29,120 (1,700)
90000 Reserve Transfer (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (35,833) (430,000) (430,000) 0
TOTAL REVENUE $333,424 $316,203 $311,166 $325,808 $314,153 $314,766 $316,512 $317,179 $327,329 $313,049 $309,972 $305,004 $3,804,566 $3,766,589 $37,977
EXPENSES
Payroll and Benefits
60005 P/R - Administrat 25,666 28,950 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 27,500 50,000 352,116 352,500 384
Total Payroll and Benefits $25,666 $28,950 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $27,500 $50,000 $352,116 $352,500 $384
Landscaping
70005 L/S - Contract 80,958 80,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 82,048 981,489 984,579 3,090
70025 L/S - Repairs/Ma 0 0 500 800 8,000 5,000 5,000 5,000 5,000 10,000 10,000 0 49,300 50,000 700
71005 L/S - Renovation 0 0 1,500 5,000 5,000 1,500 2,000 2,000 3,000 10,000 10,000 0 40,000 40,000 0
71040 L/S - Ditch Maint 2,179 0 0 0 0 0 0 0 0 0 18,500 0 20,679 18,500 (2,179)
71225 L/S - Irrigation 0 0 0 0 1,000 2,000 2,000 3,000 2,000 5,000 0 0 15,000 15,000 0
71450 L/S - East Park 0 0 0 0 250 0 0 0 0 250 0 0 500 500 0
Page 1 of
SOME Somersett Owners Association Financials
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03/31/2020 1:07:02 PM SOA Projected Statement of Revenue & Expenses - CommonArea
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Acct Descript Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
Total Landscaping $83,137 $80,048 $84,048 $87,848 $96,298 $90,548 $91,048 $92,048 $92,048 $107,298 $120,548 $82,048 $1,106,967 $1,108,579 $1,612
Repairs and Maintenance
72000 R/M - Maintenan 4,106 4,106 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 5,660 53,472 54,060 588
72090 R/M - Snow Plo 1,100 0 0 0 0 0 0 0 0 0 0 10,000 11,100 40,000 28,901
72200 R/M - Janitorial S 0 152 0 0 0 0 0 0 0 0 0 0 152 0 (152)
72225 Gate - Clickers 888 0 0 0 0 0 0 0 0 0 0 0 888 0 (888)
72235 Loan Interest - C 16,250 16,176 15,721 15,652 16,103 15,516 15,962 15,379 15,819 15,748 15,172 15,604 189,102 188,846 (257)
72240 C9 Operations 0 22,917 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 22,083 243,750 265,000 21,250
72462 Contingency 0 0 0 0 0 0 0 0 0 0 0 564,486 564,486 564,486 0
72480 Contracted Servic 485 2,163 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 11,263 115,281 135,160 19,879
76035 Canyon Nine Oper 0 0 0 0 2,000 0 500 500 500 2,000 2,000 0 7,500 7,500 0
Total Repairs and Maintenance $22,828 $45,513 $53,468 $53,399 $55,849 $53,263 $54,208 $53,626 $54,066 $55,495 $54,919 $629,097 $1,185,731 $1,255,052 $69,321
Utilities
74005 Electricity 1,627 3,164 2,000 2,500 3,000 3,800 4,000 4,000 4,000 3,800 3,500 3,500 38,891 37,000 (1,891)
74035 C9 Electricity 199 143 500 500 500 500 500 1,000 500 500 500 500 5,842 7,000 1,158
74065 Water 1,146 3,251 2,000 2,800 36,000 65,000 77,000 87,000 87,000 20,000 18,000 1,900 401,097 400,500 (597)
74070 Sewer & Waste R 49 49 49 49 49 49 49 49 49 49 49 49 589 590 1
74125 Telephone 34 32 35 35 35 35 35 35 35 35 35 35 416 420 4
Total Utilities $3,055 $6,639 $4,584 $5,884 $39,584 $69,384 $81,584 $92,084 $91,584 $24,384 $22,084 $5,984 $446,835 $445,510 ($1,325)
Community Safety
75085 Patrol Service 5,266 5,044 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 5,236 62,669 62,830 161
Total Community Safety $5,266 $5,044 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $5,236 $62,669 $62,830 $161
Administrative
77015 Fees & Permits (43) 275 0 50 0 0 0 500 0 300 0 23,150 24,233 24,000 (233)
77020 Account Reimburs 0 4,010 2,500 500 800 600 2,000 800 800 500 1,000 1,200 14,710 12,000 (2,710)
77050 Collection Cost 252 0 0 0 0 0 0 0 0 0 0 0 251 0 (251)
77135 Education/Trainin 310 0 0 500 0 0 0 0 0 500 0 0 1,310 1,000 (310)
77200 Management Fees 6,551 6,453 6,473 6,473 6,473 6,473 6,473 6,493 6,493 6,493 6,493 6,493 77,831 77,728 (103)
77230 Office Supplies 0 6 600 800 600 200 200 600 300 300 400 500 4,506 5,000 494
Page 2 of
SOME Somersett Owners Association Financials
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03/31/2020 1:07:02 PM SOA Projected Statement of Revenue & Expenses - CommonArea
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Acct Descript Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
77260 Postage/Printing 540 160 1,000 500 1,000 4,000 4,000 1,000 1,000 4,000 8,000 6,000 31,199 35,000 3,801
77270 Community Websi 63 63 75 75 75 75 80 120 75 75 75 3,380 4,231 4,300 69
77350 Community Events 80 25 2,000 300 0 100 1,000 1,000 500 2,500 8,000 1,000 16,506 17,000 494
77530 Bank/Credit Card 35 35 35 35 35 35 35 35 35 35 35 35 420 420 0
77730 Architect Review 6,350 36 0 12,000 0 0 0 12,000 0 0 0 9,000 39,386 43,200 3,814
77740 Consulting/Profes 540 715 2,000 3,000 5,000 4,000 2,000 2,000 2,000 2,000 2,000 2,000 27,255 30,000 2,745
77750 Audit & Tax Servi 0 0 0 0 0 0 0 3,900 0 0 0 0 3,900 3,900 0
77760 Legal Fees 8,281 2,150 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 5,000 5,000 95,431 100,000 4,569
77765 Rockery Wall Law 1,031 0 5,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 5,000 5,000 86,031 100,000 13,969
77770 Rock Wall Monitor 0 0 0 5,000 0 0 0 5,000 0 0 0 11,250 21,250 21,250 0
77950 Depreciation Expe 1,250 140 0 1,600 0 0 0 1,600 0 0 0 1,600 6,190 6,400 210
Total Administrative $25,240 $14,068 $24,683 $50,833 $33,983 $35,483 $35,788 $55,048 $31,203 $36,703 $36,003 $75,608 $454,640 $481,198 $26,558
Taxes and Insurance
78005 Taxes - Real Pro 381 0 0 500 0 0 0 18,000 0 0 0 3,370 22,251 26,870 4,619
78025 Taxes - Personal 0 758 0 0 0 0 0 0 0 0 0 0 758 0 (758)
78105 Ins - Liability & Pr 947 947 854 854 854 854 854 854 854 854 854 854 10,436 10,250 (186)
78190 Ins - Directors & 1,382 1,382 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 1,962 22,386 23,547 1,161
78240 Ins - Workmens 41 41 21 21 21 21 21 21 21 21 21 21 293 253 (40)
Total Taxes and Insurance $2,751 $3,127 $2,838 $3,338 $2,838 $2,838 $2,838 $20,838 $2,838 $2,838 $2,838 $6,208 $56,123 $60,920 $4,797
TOTAL EXPENSES $167,943 $183,390 $202,356 $234,037 $261,288 $284,251 $298,202 $346,379 $304,474 $259,454 $269,127 $854,181 $3,665,082 $3,766,589 $101,507
EXCESS OFREVENUE/EXPENSES
$165,481 $132,812 $108,810 $91,770 $52,865 $30,515 $18,310 ($29,200) $22,855 $53,595 $40,845 ($549,176) $139,484 $0 $139,484
Page 3 of
SOME Somersett Owners Association Financials
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03/31/2020 1:07:10 PM SOA Projected Statement of Revenue & Expenses - The Clubat Town Center
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020
REVENUE
Assessment Revenue
40005 Assessments 173,728 173,728 174,588 174,588 174,588 174,588 174,588 175,478 175,478 175,478 175,478 175,478 2,097,789 2,097,552 237
40020 Assessment - Non Me 2,029 2,117 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 2,333 27,479 28,000 (521)
40021 Bad Debt - Contra 0 0 (833) (833) (833) (833) (833) (833) (833) (833) (833) (833) (8,333) (10,000) 1,667
90000 Reserve Transfer (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (29,417) (353,000) (353,000) 0
Total Assessment Revenue $146,340
$146,428 $146,672 $146,672 $146,672 $146,672 $146,672 $147,562 $147,562 $147,562 $147,562 $147,562 $1,763,935 $1,762,552 $1,383
Operations Revenue
45550 Activity Fee 12,756 2,529 5,000 2,000 5,000 1,000 1,000 15,000 4,000 3,000 1,000 4,000 56,285 60,000 (3,715)
45555 Swim Lesson Fee 0 0 2,000 2,000 2,250 2,250 1,000 500 0 0 0 0 10,000 10,000 0
45560 Massage Fee 4,422 4,205 2,000 2,000 2,000 2,000 2,000 3,000 2,000 2,000 3,000 2,000 30,627 25,000 5,627
45565 Guest Fees for Facilit 432 1,290 3,500 750 750 3,500 2,000 1,500 750 750 500 500 16,222 16,000 222
45570 Instruction Revenue 2,150 580 500 2,000 1,500 1,500 2,000 1,200 1,000 1,000 500 500 14,430 14,000 430
45575 Private Party/Room R 0 0 0 300 100 0 300 250 300 1,600 850 300 4,000 4,350 (350)
45580 Kids Camp 4,122 446 10,000 12,000 38,000 10,000 1,000 6,000 1,600 800 800 7,000 91,768 90,700 1,068
Total Operations Revenue $23,882 $9,050 $23,000 $21,050 $49,600 $20,250 $9,300 $27,450 $9,650 $9,150 $6,650 $14,300 $223,332 $220,050 $3,282
Food & Beverage Revenue
45800 Loan Payment Carryo 0 0 (7,918) (7,951) (7,735) (8,017) (7,803) (8,083) (7,871) (7,905) (8,182) (7,974) (79,439) (94,927) 15,488
45845 Sales - Snack Bar Fo 0 0 0 50 1,200 5,000 5,000 3,000 1,500 50 0 150 15,950 16,000 (50)
45885 Sales - Alcohol 0 0 0 200 100 2,500 2,000 1,000 1,000 0 1,000 0 7,800 8,000 (200)
45925 Sales - Other, Non Al 2 6 100 100 150 1,000 2,000 1,000 300 100 50 50 4,857 5,000 (143)
Total Food & Beverage Revenue $2 $6 ($7,818) ($7,601) ($6,285) $483 $1,197 ($3,083) ($5,071) ($7,755) ($7,132) ($7,774) ($50,832) ($65,927) $15,095
TOTAL REVENUE $170,224
$155,484 $161,853 $160,120 $189,987 $167,405 $157,169 $171,929 $152,140 $148,957 $147,080 $154,087 $1,936,435 $1,916,675 $19,760
EXPENSES
Cost of Sales
50005 COS - Snack Bar Sup 0 0 0 0 1,000 400 400 400 0 0 0 0 2,200 2,200 0
50010 COS - Food 0 0 0 1,500 2,000 2,000 2,000 2,000 1,500 0 0 0 11,000 11,000 0
Page 1 of
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03/31/2020 1:07:10 PM SOA Projected Statement of Revenue & Expenses - The Clubat Town Center
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020
50015 COS - Alcohol 0 0 200 200 200 500 500 800 200 0 200 0 2,800 3,200 400
50025 COS - Non Alcohol 0 0 100 200 500 1,000 1,000 1,000 250 100 100 100 4,350 4,500 150
Total Cost of Sales $0 $0 $300 $1,900 $3,700 $3,900 $3,900 $4,200 $1,950 $100 $300 $100 $20,350 $20,900 $550
Operations
77630 Massage Therapist Pa 4,247 2,243 2,500 2,800 3,000 1,500 1,500 2,500 2,200 2,500 2,500 1,000 28,490 25,000 (3,490)
77632 Fitness Instructors 6,274 5,908 6,000 8,500 7,000 9,500 10,500 8,000 8,000 9,000 7,000 6,000 91,682 95,000 3,318
77645 R/M - Fitness Supplie 192 195 1,100 1,500 1,200 1,200 1,300 2,500 1,200 3,000 800 500 14,687 16,000 1,313
72368 Activity Supplies 88 2,309 1,800 1,800 2,000 3,000 1,500 2,500 1,500 3,000 1,800 3,000 24,297 25,000 703
77707 Summer Camp 0 65 0 4,000 11,000 3,000 5,000 4,000 0 0 0 0 27,065 27,000 (65)
60005 P/R - Administrative 37,363 40,516 43,000 43,000 80,000 79,500 79,500 79,500 79,500 79,500 43,000 51,000 735,379 743,500 8,121
77110 Travel/Mileage Expen 339 339 700 600 600 300 600 600 300 400 400 900 6,078 6,000 (78)
77125 Recruitment/Employe 300 0 200 4,000 1,200 1,500 1,200 1,200 1,200 1,500 0 0 12,300 12,000 (300)
77290 Mobile Phones/Radios 555 100 450 450 450 450 450 450 450 450 450 450 5,155 5,400 245
Total Operations $49,358 $51,675 $55,750 $66,650 $106,450 $99,950 $101,550 $101,250 $94,350 $99,350 $55,950 $62,850 $945,133 $954,900 $9,767
General and Administrative
77200 Management Fees 1,859 2,020 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 1,838 22,261 22,058 (203)
77230 Office Supplies 346 0 300 300 200 200 300 600 300 400 500 100 3,546 4,000 454
77270 Community Website & 255 147 300 300 200 300 200 300 3,000 2,500 1,800 700 10,002 10,000 (2)
72480 Contracted Services 8,948 19,131 11,000 11,000 11,000 12,000 10,000 12,000 11,000 11,000 13,000 9,595 139,674 132,595 (7,079)
75085 Patrol Service 559 369 317 317 317 317 317 317 317 317 317 317 4,095 3,800 (295)
78105 Ins - Liability & Prope 3,340 3,340 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 3,012 36,800 36,145 (655)
77015 Fees & Permits 0 268 2,500 1,500 500 700 1,800 1,000 1,000 100 0 0 9,368 12,000 2,632
77055 Town Square Assess 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 5,580 66,955 66,955 0
78005 Taxes - Real Propert 0 0 0 0 0 0 1,400 0 0 0 0 0 1,400 1,400 0
77530 Bank/Credit Card Ser 397 524 200 300 400 600 1,000 600 700 300 300 300 5,621 5,500 (121)
77750 Audit & Tax Service 0 0 6,200 0 0 0 2,800 0 0 0 0 0 9,000 9,000 0
77760 Legal Fees 0 0 0 250 0 0 250 0 0 250 0 0 750 1,000 250
77950 Depreciation Expense 20,680 21,422 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 22,264 264,741 267,166 2,426
Total General and Administrative $41,964 $52,799 $53,510 $46,660 $45,310 $46,810 $50,760 $47,510 $49,010 $47,560 $48,610 $43,705 $574,212 $571,619 ($2,593)
Building Expense
Page 2 of
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03/31/2020 1:07:10 PM SOA Projected Statement of Revenue & Expenses - The Clubat Town Center
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020
72425 Special Projects - TC 0 0 0 0 0 15,000 15,000 15,000 5,000 0 0 0 50,000 50,000 0
72440 R/M - Building 335 0 4,000 5,000 5,000 6,000 6,000 5,000 6,000 4,000 3,000 2,000 46,335 50,000 3,665
70005 L/S - Contract 650 0 625 625 625 625 625 625 625 625 625 625 6,900 7,500 600
72000 R/M - Maintenance Al 4,106 12,322 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 8,800 9,500 105,128 106,300 1,172
72010 R/M - Supplies, Small 0 0 150 1,000 300 200 150 700 150 200 0 150 3,000 4,000 1,000
76030 Complimentary Supplie 1,533 869 1,500 1,500 1,000 1,000 2,000 2,000 2,000 2,000 500 470 16,372 16,270 (102)
72200 R/M - Janitorial Suppl 0 63 1,000 1,000 1,000 1,000 1,200 1,200 800 1,000 1,000 800 10,063 12,000 1,938
72298 Pool/Spa - Chemicals 2,146 2,175 1,000 1,500 1,000 3,500 3,500 1,000 1,000 1,000 1,000 1,000 19,821 17,000 (2,821)
72300 Pool/Spa Service Con 0 925 200 500 600 1,000 1,000 500 200 200 200 200 5,525 5,000 (525)
72310 Pool/Spa - Repairs & 0 618 0 0 0 0 0 0 0 0 0 0 618 0 (618)
72317 Pool - Utilities 1,917 5,155 1,500 1,500 1,500 1,500 500 1,000 1,000 1,000 1,000 2,000 19,572 15,500 (4,072)
74005 Electricity (3,133) 5,298 3,000 3,100 3,100 4,000 3,900 3,800 4,500 3,500 3,000 3,000 37,065 40,500 3,435
74065 Water 409 361 500 500 1,800 2,000 1,800 1,800 1,700 1,200 1,000 500 13,570 13,500 (70)
74070 Sewer & Waste Remo 1,779 766 500 500 500 500 500 1,500 1,500 1,500 1,500 300 11,345 10,000 (1,345)
74095 Gas 920 2,557 1,500 1,000 1,000 1,900 1,500 1,500 1,500 500 1,000 500 15,377 13,000 (2,377)
74125 Telephone 400 408 402 402 402 402 402 402 402 402 402 400 4,825 4,822 (3)
Total Building Expense $11,062 $31,517 $24,677 $26,927 $26,627 $47,427 $46,877 $44,827 $35,177 $25,927 $23,027 $21,445 $365,517 $365,392 ($125)
Club Loan
77900 Loan Interest - TCTC 7,788 7,753 7,548 7,515 7,731 7,449 7,663 7,383 7,595 7,561 7,284 7,492 90,761 90,664 (97)
Total Club Loan $7,788 $7,753 $7,548 $7,515 $7,731 $7,449 $7,663 $7,383 $7,595 $7,561 $7,284 $7,492 $90,761 $90,664 ($97)
TOTAL EXPENSES $110,172
$143,744 $141,785 $149,652 $189,818 $205,537 $210,750 $205,171 $188,082 $180,498 $135,171 $135,592 $1,995,973 $2,003,475 $7,502
EXCESS OF REVENUE/EXPENSES $60,051 $11,740 $20,068 $10,468 $168 ($38,132) ($53,582) ($33,242) ($35,942) ($31,542) $11,908 $18,495 ($59,538) ($86,800) $27,262
Page 3 of
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03/31/2020 1:07:14 PM SOA Projected Statement of Revenue & Expenses - GatesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020
REVENUE
40005 Assessments 47,112 47,112 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 47,196 566,184 566,352 (168)
40021 Bad Debt - Contra 0 0 (375) (375) (375) (375) (375) (375) (375) (375) (375) (375) (3,750) (4,500) 750
45405 Gate Transmitters/Clic 225 275 650 350 350 525 725 450 350 550 350 0 4,800 4,700 100
90000 Reserve Transfer (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (25,417) (305,000) (305,000) 0
TOTAL REVENUE $21,920 $21,970 $22,054 $21,754 $21,754 $21,929 $22,129 $21,854 $21,754 $21,954 $21,754 $21,404 $262,234 $261,552 $682
EXPENSES
General and Administrative
77200 Management Fees 443 247 438 438 438 438 438 438 438 438 438 438 5,065 5,251 186
72480 Contracted Services 1,320 2,368 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 1,183 15,521 14,200 (1,321)
60005 P/R - Administrative 5,880 6,584 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 6,300 75,464 75,600 136
75085 Patrol Service 2,797 936 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 1,939 23,120 23,264 145
78105 Ins - Liability & Prope 698 698 629 629 629 629 629 629 629 629 629 629 7,689 7,552 (137)
77750 Audit & Tax Service 0 0 0 0 0 0 0 900 0 0 0 0 900 900 0
77760 Legal Fees 0 0 250 0 0 250 0 0 250 0 0 250 1,000 1,000 0
Total General and Administrative $11,138 $10,832 $10,739 $10,489 $10,489 $10,739 $10,489 $11,389 $10,739 $10,489 $10,489 $10,739 $128,759 $127,767 ($992)
Utilities
74005 Electricity 70 6 100 100 100 100 100 100 100 100 100 100 1,076 1,200 124
74125 Telephone 2,613 2,629 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 1,430 19,542 17,160 (2,382)
Total Utilities $2,683 $2,635 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $1,530 $20,618 $18,360 ($2,258)
Maintenance
72000 R/M - Maintenance Al 4,106 4,106 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 4,400 5,025 52,837 53,425 588
72090 R/M - Snow Plowing 4,910 0 15,000 0 0 0 0 0 0 3,000 10,000 8,000 40,910 49,000 8,090
72220 Gate Maintenance 90 875 200 500 800 500 200 300 300 500 500 2,000 6,765 8,500 1,735
72225 Gate - Clickers 0 0 500 2,000 0 0 0 1,500 0 500 0 0 4,500 4,500 0
Total Maintenance $9,106 $4,981 $20,100 $6,900 $5,200 $4,900 $4,600 $6,200 $4,700 $8,400 $14,900 $15,025 $105,012 $115,425 $10,413
TOTAL EXPENSES $22,926 $18,449 $32,369 $18,919 $17,219 $17,169 $16,619 $19,119 $16,969 $20,419 $26,919 $27,294 $254,389 $261,552 $7,163
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03/31/2020 1:07:14 PM SOA Projected Statement of Revenue & Expenses - GatesSOME Somersett Owners Association
02/29/2020FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 Total 2020 2020
EXCESS OF REVENUES/EXPENSES ($1,006) $3,522 ($10,315) $2,835 $4,535 $4,760 $5,510 $2,735 $4,785 $1,535 ($5,165) ($5,890) $7,845 $0 $7,845
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SOME Somersett Owners Association Financials
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03/31/2020 1:09:44 PM SOA - Projected Statement of Revenue & Expenses - TownSquare
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Acct Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
REVENUE
40005 Assessments 8,601 8,601 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 9,375 110,956 112,505 (1,549)
TOTAL REVENUE $8,601 $8,601 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $9,375 $110,956 $112,505 ($1,549)
EXPENSES
Payroll and Benefits
60005 P/R - Administrative 3,452 0 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 1,850 21,952 22,200 248
Total Payroll and Benefits $3,452 $0 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $1,850 $21,952 $22,200 $248
Landscaping
70005 L/S - Contract 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 2,315 27,780 27,780 0
71005 L/S - Renovations/Im 0 0 0 500 500 500 500 500 500 0 0 0 3,000 3,000 0
71225 L/S - Irrigation 0 0 0 250 500 1,000 200 100 450 0 0 0 2,500 2,500 0
Total Landscaping $2,315 $2,315 $2,315 $3,065 $3,315 $3,815 $3,015 $2,915 $3,265 $2,315 $2,315 $2,315 $33,280 $33,280 $0
Repairs and Maintenance
72090 R/M - Snow Plowing 2,038 0 8,000 0 0 0 0 0 0 0 8,000 1,000 19,038 35,000 15,962
72440 R/M - Building 0 0 0 300 500 100 100 500 0 0 250 250 2,000 2,000 0
72480 Contracted Services 0 0 100 100 100 200 500 100 100 100 100 100 1,500 1,500 0
Total Repairs and Maintenance $2,038 $0 $8,100 $400 $600 $300 $600 $600 $100 $100 $8,350 $1,350 $22,538 $38,500 $15,962
Administrative
77005 Bad Debt 0 0 3,455 0 0 3,455 0 0 3,455 0 0 3,455 13,820 13,820 0
77200 Management Fees 250 250 250 250 250 250 250 250 250 250 250 250 3,000 3,000 0
77230 Office Supplies 0 0 0 0 0 0 0 0 0 15 0 15 30 30 0
77260 Postage/Printing 0 0 0 0 0 0 0 0 0 40 0 135 175 175 0
77760 Legal Fees 0 0 125 125 125 125 125 125 125 125 125 125 1,250 1,500 250
Total Administrative $250 $250 $3,830 $375 $375 $3,830 $375 $375 $3,830 $430 $375 $3,980 $18,275 $18,525 $250
Page 1 of
SOME Somersett Owners Association Financials
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03/31/2020 1:09:44 PM SOA - Projected Statement of Revenue & Expenses - TownSquare
SOME Somersett Owners Association02/29/2020
FIRSTSERVICE RESIDENTIAL, NEVADA, LLC
8290 ARVILLE STREET
Las Vegas NV 89139
Acct Description Jan Act Feb Act Mar Bud Apr Bud May Bud Jun Bud Jul Bud Aug Bud Sep Bud Oct Bud Nov Bud Dec Bud Act/Bud Budget Variance2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020 2020
TOTAL EXPENSES $8,055 $2,565 $16,095 $5,690 $6,140 $9,795 $5,840 $5,740 $9,045 $4,695 $12,890 $9,495 $96,045 $112,505 $16,460
EXCESS OF REVENUE/EXPENSES $546 $6,036 ($6,720) $3,685 $3,235 ($420) $3,535 $3,635 $330 $4,680 ($3,515) ($120) $14,911 $0 $14,911
Page 2 of
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Somersett Owners AssociationAnnual Operating Cash Flow Analysis
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2018 Total 1,410,131.73$ 2,876,835.45$ 2,131,134.30$ 2,048,885.52$ 1,503,612.49$ 1,662,230.49$ 1,778,044.00$ 1,769,574.59$ 1,605,521.31$ 1,609,304.79$ 1,498,544.59$ 1,457,551.01$
2019 Total 1,332,595.45$ 1,208,194.07$ 1,178,165.92$ 1,287,135.47$ 1,497,680.49$ 1,335,983.13$ 1,103,209.83$ 927,306.59$ 873,986.93$ 805,322.55$ 854,638.82$ 994,233.71$
2020 Total 1,304,221.61$ $1,410,666.10
Less:
Homeowner Prepayments 521,464.86$ 483,651.65$
Deposits - Landscape & Other 199,845.00$ 189,920.00$
Capital Contributions 18,990.40$ 22,683.30$
2020 Unencumbered Cash 563,921.35$ 714,411.15$
$-
$500,000.00
$1,000,000.00
$1,500,000.00
$2,000,000.00
$2,500,000.00
$3,000,000.00
$3,500,000.00
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
Operating Cash
2020 Unencumbered Cash 2017 Operating Cash 2018 Operating Cash 2019 Operating Cash
40