2020-09-23 Sr. Citizen Housing Board Agenda SPCSpecial
Meeting of the E1 Segundo
Senior Citizen Housing Board Corporation
Agenda
Wednesday, September 23, 2020 at 3:30 pm
Park Vista Senior Housing
615 E. Holly Avenue
E1 Segundo, CA 90245
Senior Citizen Housing Bar
Paul Lanyi, President
Martin Stone, Vice President
Paula Rotolo, CFO
Jim Latta, Board Member
Patricia Gerber, Board Member
Citv Council
Mayor, Drew Boyles
Mayor Pro Tem, Chris Pimentel
Council Member, Carol Pirsztuk
Council Member, Scot Nicol
Council Member, Lance Giroux
Scott Mitnick -
City Manager
Gregg Kovacevich -
Board Representative per City Attorney, Mark Hensley
Neil Cadman -
Cadman Group
Meredith Petit -
Director, Recreation & Parks Department
Arecia Hester -
Recreation Superintendent 1 City Liaison
Monse Palacios -
Senior Administrative Analyst/City Liaison
PUBLIC COPIES & POSTINGS:
Public Copy - City Library Reference Desk
Public Copy - City Clerk's Office
Agenda Only - Posted at City Hall
Agenda Only - Posted at Joslyn Center
Agenda Only - Posted at Park Vista Apartments
1
FIT N\" 11.1
SPECIAL MEETING
El Segundo Senior Citizen Housing Board Corporation
Wednesday, September 23, 2020 at 3:30 pm
City Council Chambers
350 Main Street
El Segundo, CA 90245
DUE TO THE COVID-19 EMERGENCY, THIS
MEETING WILL BE CONDUCTED PURSUANT TO THE GOVERNOR'S EXECUTIVE ORDER N-29-20
Please note that, with limited statutory exceptions, the El Segundo Senior Housing Board may not discuss
or take action on any item that does not appear on the agenda.
There is one opportunity for public comment during each meeting. During the first public communication item at the
beginning of the meeting, any member of the public may address the Board as to any item appearing on the agenda.
Members of the public may speak for up to five minutes during each public communication item. Before speaking to
the Board, you are requested, but not required, to give your name and address (or organization you represent). Please
respect the five-minute time limit.
How Can Members of the Public Observe and Provide Public Comments?
Residents are encouraged to participate remotely in the virtual Senior Citizen Housing Board Corporation meeting.
Please contact Senior Administrative Analyst, Monse Palacios for connection details (mpalacios@elsegundo.org or
310-524-2882). Members of the Public may provide comments electronically by sending comments to the following
e-mail address, seniorcitizenhousin bg o�(&elseaundo.or2 Please limit comments to 150 words or less. Comments
will be accepted up until 30 minutes prior to the meeting: In the subject line of your e-mail, please state the meeting
date and item number. Residents may also submit their public comment by dropping them off by 2pm, Tuesday,
September 22 2020, in the Park Vista drop box. Depending on the volume of communications, the emails and
comments submitted to the Park Vista drop box will be read to the Board during public communications and are
subject to disclosure under the Public Records Act.
Members of the Public may also provide comments in the designated area in Council Chamber up to and during public
communication portion of the meeting. Members of the public must observe "social distancing" requirements at all
times, i.e., remain six (6) feet from other attendees during the entirety of the event or gathering.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate
in this meeting, please contact Monse Palacios, Senior Administrative Analyst, at (310) 524-2882.
Notification 48 hours prior to the meeting will enable the Housing Corporation to make reasonable
arrangements to ensure accessibility to this meeting.
CALL TO ORDER: 3:30 pm
ROLL CALL
A. PUBLIC COMMUNICATION
At this time, members of the public may speak to any item on the agenda only. Before speaking, you are
requested, but not required, to state your name and address for the record. If you represent an organization or a third
party, please so state.
B. APPROVAL OF MEETING MINUTES
1. Regular Meeting Wednesday, August 26, 2020
Recommendation: Approval
2
C. NEW BUSINESS
1. President's Report
a. Reports regarding correspondence, meetings, and business related to Park Vista.
b. Recommendation: Receive and File
2. Financial Statements and LAIF (Local Agency Investment Fund)
a. Discussion, review and status report including, but not limited to, statements, invoices, finances,
b. LAIF investment fund and transfers between accounts.
c. Recommendation: Receive and File
D. UNFINISHED BUSINESS
Earthquake Insurance
Park Vista is currently not covered by an earthquake policy. Management will provide the Board with quotes
for earthquake coverage and the Board will decide whether to purchase earthquake coverage.
Recommendation: Discussion and possible action.
E. MANAGEMENT REPORT
Report from the Cadman Group regarding Park Vista operations and management. Unless otherwise
listed on the agenda, the Board may not discuss or take action on matters raised in the management report,
but may vote to place an item on a future agenda for discussion and possible action.
F. CITY STAFF REPORT
A general report from City staff.
Introductions- Sam Lee, Development Services Director
G. BOARD MEMBERS REPORT
A general report from the Senior Citizen Housing Board Members.
NEXT REGULAR MEETINGS:
Wednesday, October 28, 2020
Wednesday, November 18, 2020
Wednesday, December 23, 2020 MEETING
CANCELLED
ADJOURNMENT
3
MINUTES OF THE SPECIAL MEETING
EI Segundo Senior Citizen Housing Board Corporation
Wednesday, August 26, 2020
Park Vista Senior Housing
350 Main St., EI Segundo, CA 90245
CALL TO ORDER:
The special meeting was called to order at 3:34 p.m. by member Paul Lanyi presiding.
ROLL CALL
Members Present: Paul Lanyi
Martin Stone
Paula Rotolo
Jim Latta
Patricia Gerber
Member Absent:
Others: Neil Cadman, Cadman Group
Arecia Hester, Recreation Superintendent
Monse Palacios, Administrative Analyst
Ryan Delgado, Recreation Supervisor
A. PUBLIC COMMUNICATION
None
B. APPROVAL OF MEETING MINUTES
Motion: to approve the Wednesday, July 22, 2020 meeting minutes was made by Member
Lanyi and Seconded by Member Latta. Motion carried 4-0
C. NEW BUSINESS
1. President's Report
President Lanyi informed the board of his meeting with the new Public Works Director and Joe
Lillio, Finance Director. They will look into the finances and report back to the board. Overall it
was a great meeting. Paul would like to report to city council in the month of November.
2. Financial Reports and LAIF (Local Agency Investment Fund)
Jim- Noticed a charge for mold testing and asked for clarification.
Neli- Mold was found in the management unit.
Jim- Mentioned the exhaust replacement seemed high.
Neil- They had electrical problems which caused the price to increase.
Arecia Hester informed the board of her conversation with Joe Lillio, Finance Director. Joe
confirmed $500,000 can be transferred to LAIF then the city will complete the transaction.
The current rate is .78% and it is estimated to continue to drop.
It will take 48 hours to withdraw the money.
Neil suggested they liquidate the Chase and Grandpoint account and keep the funding in LAIF.
Motion: to close the Chase and Grandpoint account and move money to LAIF was made by
Member Rotolo and Seconded by Member Latta. Motion carried 4-0
3. November and December Senior Housing Board Meetings
Paul would like to keep the meetings and chose dates that work for the board.
Paula would like to keep the November meeting and cancel the December meeting.
Motion: to have a special meeting on Wednesday, November 18, 2020 at 3:30pm and cancel
the December meeting was made by Member Lanyi and Seconded by Member Latta. Motion
carried 4-0.
D. UNFINISHED BUSINESS
Earthquake Insurance
Arecia- Joe is working on it and will get back to the board.
Paul would like to add this item to the September agenda.
Motion: to remove requirement of earthquake insurance policy from Cadman contract was
made by Member Lanyi and Seconded by Member Latta. Motion carried 4-0.
E. MANAGEMENT REPORT
Neil reported that vacancies are not being renovated as of now. Only required or necessary
Maintenance is being done.
The washing and drying company Wash put up the prices without informing Cadman Group.
After having trouble contacting the representative the prices are back to normal.
Residents are doing great. Next Wednesday he will be touring the building with the new Public
Works Director, Captain Donovan and Engineering.
F. CITY STAFF REPORT
Arecia informed the board of a Department restructure. Planning and Building safety will
become Development Services. Park Vista and the Board will be under that department
Meredith will be leaving the city and her last day is September 4t". Parks will be moving under
Public Works and Recreation will merge with the Library.
Ryan dropped off rent relief and mental health information to the residents. Overall residents
are doing well. Staff continues to assist them.
H. BOARD MEMBER REPORT
Jim encouraged everyone to apply for rent relief if needed. Lots of funding coming for residents.
NEXT MEETING:
Wednesday, October 28, 2020
ADJOURMENT: 4:27pm
c•
CADMANGROUP
PARK VISTA
Financial Reporting Analysis
August 2020
Gross Income: $62,249.62
No out of the ordinary issues with regards to income for the month
Gross Expenses: $50,731.11
Expenses for the month were normal except for the following:
• Increased management fees due to overtime of staff members during the COVID-19
crisis.
• Water bills of $6,551.48 for August.
• Maintenance of $14,288.83 which was mostly mold remediation.
Net Income: $11,518.51
Total Account Balances: $1,387,175.86
No known upcoming major expenses.
NOTE: THIS DOCUMENT ISA SUMMARYAND ANALYSIS ONLY OF THE MONTHLY FINANCIAL
STATEMENTS FOR PARK VISTA. THEYARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR
PARK VISTA.
Total number of vacancies for the month: 95.9% occupied on 8/1/2020
94.8% occupied on 8/31/2020
Move -outs: 1
Move -ins: 0
Notices to Vacate: 0
Budget Comparison Notes:
Operations: Operations for the month was a net income of $8,084.83 under budget. Year
to Date, operations are $13,526.68 under budget YTD based primarily on the installation of
the heaters in units and excess management fees due to COVID-19.
Income
• Income for the month of August $1,985.87 under budget while $10,235.38 under
budget YTD.
Expenses:
• Overall $6,419.45 over budget for all expenses for August, $9,841.55 over budget
YTD.
• Maintenance $1,288.83 over budget for August, $3,738.87 under budget YTD.
• Electricity $120.47 over budget in August; $3,183.69 under budget YTD.
• Gas $43.86 under budget for August, $1,246.86 over budget YTD.
• Cable Television over budget by $143.78. Spectrum raised fees again and we did not
know how much it would be raised when the budget was created.
• Water is $3,897.77 under budget YTD.
• Elevator service over budget $3,815.59 YTD due to unanticipated repairs.
NOTE: THIS DOCUMENT ISA SUMMARYAND ANALYSIS ONLY OF THE MONTHLY FINANCIAL
STATEMENTS FOR PARK VISTA. THEYARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR
PARK VISTA.
EL SEGUNDO SENIOR CITIZENS HOUSING
DEVELOPMENT CORPORATION
350 MAIN STREET, EL SEGUNDO, CA 90245
September 18, 2020
RE: Interest Income from Deposit with the City, per Agreement for Investment of Funds
Dear President:
The deposit and interest for the quarter/month ending is as follows:
Beginning balance at Julyl 1, 2020
Accrued: Interest (Posted quarterly)
Add: Deposits
Less: Withdrawals
As of
TOTAL IN LAIF - G/L# 504-101-0000-0004: 8/31/2020
Accrued Interest (posted quarterly by the 15th day following quarter ):
Q3-2020 August -20
Oriqinal
$ 843,726.73
Interest Earned
July
@
0.920% Actual
LAIF
for
31 days
Interest Earned
August
@
0.784% Actual
LAIF
for
31 days
Interest Earned
September
@
Actual
LAIF
for
30 days
Accrued Interest quarter to date
1,221.07
$ 844,947.80
Interest earned is based on the interest earnings rate the City of EI Segundo received from the
Local Agency Investment Fund (LAIF), the State administered pool and the number of days the
funds were held by the City during the given period. Per the understanding reached at the
September 1997 meeting of the Board of Directors, interest will be credited to the account and
compounded on a quarterly basis. Interest shown for each month is for your information only.
If you have any questions, please do not hestitate to give me a call.
Sincerely,
D[ r w R. Maylo-cav
Dino R. Marsocci
Deputy Treasurer II
Cc: Joseph Lillio, Director of Finance
Dave Davis, Finance Manager
Eva Gettler, Accounting Supervisor
Melissa McCollum, Director
Neil Cadman, Facility Management for Park Vista
Arecia Hester, Recreation Superintendent
Monse Palacios, Senior Administrative Analyst
PACity Treasurer\MEMOS & SIGNATURES\Senior Housing Reports\2020\SENIOR HOUSING REPORT 2020
659.26
561.81
1,221.07
Income Statement
Cadman Group
Properties: Park Vista - 615 E. Holly Avenue EI Segundo, CA 90245
Owned By: EI Segundo Senior Citizens Housing Corporation
As of: Aug 2020
Accounting Basis: Cash
Level of Detail: Detail View
Account Name Selected Month % of Selected Month
Operating Income &
483,691.59
Expense
2.34
Income
2.31
RENT
495,206.59
Rent Income
59,957.00
Parking Income
1,445.00
Total RENT
61,402.00
Maintenance Charge
0.00
(Income Account)
0.01
Prepayment
-395.00
NSF Bank Fees
0.00
Collected
0.00
Laundry Income
672.13
Late Fee
0.00
Total Operating Income
61,679.13
Expense
100,261.13
Fire Service
0.00
Maintenance
14,288.83
Elevator service
0.00
Gardening
1,238.60
Management Fees
19,553.06
Pest Control
210.00
Insurance - Property
0.00
Licenses and Permits
0.00
Electricity
1,820.47
Gas
956.14
Water
6,551.48
Telephone/Internet
1,368.75
Cable/Television
4,643.78
Office Supplies
100.00
Advertising &
0.00
Promotion
7.53
Bank Service Fees
0.00
Postage
0.00
Total Operating
50,731.11
Expense
0.05
NOI - Net Operating 10,948.02
Income
Year to Month End % of Year to Month End
97.21
483,691.59
96.92
2.34
11,515.00
2.31
99.55
495,206.59
99.22
0.00
452.12
0.09
-0.64
226.50
0.05
0.00
50.00
0.01
1.09
3,149.41
0.63
0.00
0.00
0.00
100.00
499,084.62
100.00
0.00
4,973.87
1.00
23.17
100,261.13
20.09
0.00
10,615.59
2.13
2.01
8,513.60
1.71
31.70
142,089.14
28.47
0.34
2,975.00
0.60
0.00
20,670.00
4.14
0.00
75.00
0.02
2.95
10,416.31
2.09
1.55
9,246.86
1.85
10.62
26,102.23
5.23
2.22
9,851.87
1.97
7.53
37,003.50
7.41
0.16
1,895.45
0.38
0.00
256.36
0.05
0.00
29.00
0.01
0.00
0.00
0.00
82.25
384,974.91
77.14
17.75
114,109.71
22.86
Created on 09/20/2020 Page 1
Income Statement
Account Name
Selected Month
% of Selected Month
Year to Month End
% of Year to Month End
Other Income & Expense
Other Income
Interest on Bank
570.49
0.92
8,190.25
1.64
Accounts
Total Other Income
570.49
0.92
8,190.25
1.64
Net Other Income
570.49
0.92
8,190.25
1.64
Total Income
62,249.62
100.92
507,274.87
101.64
Total Expense
50,731.11
82.25
384,974.91
77.14
Net Income
11,518.51
18.67
122,299.96
24.50
Created on 09/20/2020 Page 2
Balance Sheet
Properties: Park Vista - 615 E. Holly Avenue EI Segundo, CA 90245
As of: 08/31/2020
Accounting Basis: Cash
Account Name
Balance
ASSETS
Cash
4,125.00
Cash in Bank
239,489.22
Park Vista - Grandpoint Account
183,751.52
Park Vista Business Checking Account - CHASE
11,110.00
Park Vista Reserve Account - LAIF
844,947.80
Park Vista Money Market Account - CHASE
107,877.32
Total Cash
1,387,175.86
Building Improvements
1,046,041.00
Equipment
144,679.00
Furnishings
153,863.00
Personal Property
39.95
Accumulated Depreciation
-811,284.00
TOTAL ASSETS
1,920,514.81
LIABILITIES & CAPITAL
Liabilities
Pet Deposit
4,125.00
Key Deposit
1,270.00
Security Deposit
51,305.00
Passthrough Cash Account
-661.00
Accounts Payable
2,595.00
Total Liabilities
58,634.00
Capital
Owner Contribution
35,996.00
Owner Distribution
-35,996.00
Retained Earnings
184,881.95
Prior Years Retained Earnings
12,696.00
Calculated Retained Earnings
122,299.96
Calculated Prior Years Retained Earnings
1,542,002.90
Total Capital
1,861,880.81
TOTAL LIABILITIES & CAPITAL
1,920,514.81
Created on 09/20/2020 Page 1
Bill Detail
Properties: Park Vista - 615 E.
Holly Avenue EI Segundo, CA 90245
Payees: All
Payment Type: All
GL Accounts: All
Bill Status: All
Date Type: Bill Date
Date Range: 08/01/2020 to 08/31/2020
Automated AP: All
Reference Bill Date
Due Date
Account
Property Unit
Payee Name
Paid
Unpaid Check #
Paid Date
Description
2120 - Passthrough Cash Account
08/18/2020
08/18/2020
2120-
Park Vista - 421
Moran,
478.00
0.00 5528
08/18/2020
Margaret
Passthrough
615 E. Holly
Margaret
Moran, Park
Cash Account
Avenue EI
Vista - 421:
Segundo, CA
Move Out
90245
Refund
6210 - Maintenance
9183573018 08/11/2020
08/11/2020
6210-
Park Vista -
HD Supply
160.07
0.00 5520
08/11/2020
New toilet tank
Maintenance
615 E. Holly
and bowl for
Avenue EI
Unit #306
Segundo, CA
90245
9183573020 08/11/2020
08/11/2020
6210-
Park Vista -
HD Supply
119.90
0.00 5520
08/11/2020
Maintenance
Maintenance
615 E. Holly
supplies
Avenue EI
Segundo, CA
90245
9183690934 08/11/2020
08/11/2020
6210-
Park Vista -
HD Supply
103.58
0.00 5520
08/11/2020
Maintenance
Maintenance
615 E. Holly
supplies for
Avenue EI
Unit #323
Segundo, CA
90245
9183716719 08/11/2020
08/11/2020
6210-
Park Vista -
HD Supply
222.29
0.00 5520
08/11/2020
Maintenance
Maintenance
615 E. Holly
supplies
Avenue EI
Segundo, CA
90245
9183716718 08/11/2020
08/11/2020
6210-
Park Vista -
HD Supply
28.46
0.00 5520
08/11/2020
Maintenance
Maintenance
615 E. Holly
supplies
Avenue EI
Segundo, CA
90245
42700 08/13/2020
08/13/2020
6210-
Park Vista -
Southbay
120.36
0.00 5523
08/13/2020
Maintenance
Maintenance
615 E. Holly
Industrial
supplies
Avenue EI
Hardware
Created on 09/20/2020 Page 1
Bill Detail
Reference
Bill Date
Due Date
Account
Property Unit
Southbay
51.38
0.00 5525
08/13/2020
Segundo, CA
Industrial
0.00 4AFD-3816 08/25/2020 Mold
Reconstruction
remediation
90245
42746
08/13/2020
08/13/2020
6210-
Park Vista -
Southbay
55.78
0.00 5524
Maintenance
615 E. Holly
Industrial
Avenue EI
Hardware
Segundo, CA
John E Phillips
555.13
0.00 7460-238C
08/14/2020
90245
42764
08/13/2020
08/13/2020
6210-
Park Vista -
Maintenance
615 E. Holly
Avenue EI
Segundo, CA
90245
157507
08/14/2020
08/14/2020
6210-
Park Vista - 109
Maintenance
615 E. Holly
Avenue EI
Segundo, CA
90245
200729600 08/14/2020 08/14/2020 6210- Park Vista - 109
Maintenance 615 E. Holly
Avenue EI
Segundo, CA
90245
9183760884 08/20/2020 08/20/2020 6210- Park Vista -
Maintenance 615 E. Holly
Avenue EI
Segundo, CA
90245
1200820611 08/20/2020 08/20/2020 6210- Park Vista - 109
Maintenance 615 E. Holly
Avenue EI
Segundo, CA
90245
229790 08/21/2020 08/21/2020 6210- Park Vista -
Maintenance 615 E. Holly
Avenue EI
Created on 09/20/2020
Payee Name
Paid
Unpaid Check #
Paid Date
Description
Southbay
51.38
0.00 5525
08/13/2020
Maintenance
Industrial
0.00 4AFD-3816 08/25/2020 Mold
Reconstruction
remediation
supplies
Hardware
Inc.
expanded
Page 2
Southbay
55.78
0.00 5524
08/13/2020
Maintenance
Industrial
supplies
Hardware
John E Phillips
555.13
0.00 7460-238C
08/14/2020
To fix active
Plumbing Inc.
pipe leak
behind wall
causing water
intrusion;
replace
kitchen drain,
disconnect
and reconnect
the P -trap +
parts + labor
Mold USA
750.00
0.00 746C-OCF6
08/14/2020
For mold
testing of living
area of entire
apartment; air
samples taken
- living room,
kitchen,
hallway, east
bedroom,
north
bedroom,
bathroom
HD Supply
53.28
0.00 5533
08/20/2020
Vertical blinds
for Unit 214
Mold USA 550.00
0.00 4AF5-9A8E 08/25/2020 Clearance
mold tests
after
remediation of
entire unit.
Perez 6,142.84
0.00 4AFD-3816 08/25/2020 Mold
Reconstruction
remediation
Contractors,
#109 of
Inc.
expanded
Page 2
Bill Detail
Reference Bill Date Due Date Account Property Unit
Segundo, CA
90245
VOUCHER 08/25/2020 08/25/2020 6210-
Park Vista -
Maintenance
615 E. Holly
Avenue EI
Segundo, CA
90245
9184135848 08/25/2020 08/25/2020 6210-
Park Vista -
Maintenance
615 E. Holly
Avenue EI
Segundo, CA
90245
157527 08/26/2020 08/26/2020 6210-
Park Vista -
Maintenance
615 E. Holly
Avenue EI
Segundo, CA
90245
157566 08/26/2020 08/26/2020 6210- Park Vista -
Maintenance 615 E. Holly
Avenue EI
Segundo, CA
90245
Created on 09/20/2020
Payee Name
Estrada,
Teresa
HD Supply
John E Phillips
Plumbing Inc.
John E Phillips
Plumbing Inc.
Paid Unpaid Check #
500.00
754.46
0.00 5537
Paid Date Description
kitchen area,
hallway,
closet;
removal of
cabinets,
appliances,
drywall,
flooring,
microbial
treatment,
drying out of
unit with
commercial
equipment,
haul away,
trash fees
08/25/2020 Food Voucher
- 10 days.
#109
0.00 5536 08/25/2020 New
refrigerator for
Unit #327
495.00 0.00 7CAC-3340 08/28/2020 Urgent active
leak repair
coming off
sewer line
from 2nd floor
into 1 st floor,
opened up
floor, repaired
sewer line
from
dishwasher to
drain, supplied
flex and fixed
angle stop,
installed new
3/8 plug and
cap on
dripping hose,
stopped leak
200.00 0.00 7CAC-3340 08/28/2020 Patch the
ceiling after
repair of
broken pipe
behind drywall
Page 3
Bill Detail
Reference
Bill Date
Due Date
Account
Property Unit
Payee Name
Paid
Unpaid Check #
Paid Date
Description
above
common area
ladies
bathroom
157598
08/26/2020
08/26/2020
6210-
Park Vista -
John E Phillips
189.00
0.00 7CAC-3340
08/28/2020
Run cable
Maintenance
615 E. Holly
Plumbing Inc.
#313 to try and
Avenue EI
clear kitchen
Segundo, CA
sink stoppage
90245
and flush line
off angle stop,
reconnected
drain and
tested, flowing
well after work
7756
08/27/2020
08/27/2020
6210-
Park Vista -
Golden One
475.00
0.00 51 FC-88AE
09/02/2020
Termite spot
Maintenance
615 E. Holly
Pest Control
treatment in
Avenue EI
unit around
Segundo, CA
windows and
90245
sliding door, 1
year warranty.
4364
08/27/2020
08/27/2020
6210-
Park Vista -
JMJ
65.00
0.00 7CB2-A2D4
08/28/2020
Securely
Maintenance
615 E. Holly
HANDYMAN
installed Fair
Avenue EI
IN MINUTES
Housing sign
Segundo, CA
to building's
90245
exterior in
visible area.
31225
08/28/2020
08/28/2020
6210-
Park Vista -
Cadman
5.03
0.00 ACH
08/28/2020
Quill Invoice:
Maintenance
615 E. Holly
Group
8632015 -
Avenue EI
cleaning
Segundo, CA
supplies
90245
31225
08/28/2020
08/28/2020
6210-
Park Vista -
Cadman
82.03
0.00 ACH
08/28/2020
Quill Invoice:
Maintenance
615 E. Holly
Group
8634434 -
Avenue EI
Cleaning
Segundo, CA
supplies
90245
31225
08/28/2020
08/28/2020
6210-
Park Vista -
Cadman
38.64
0.00 ACH
08/28/2020
Quill Invoice:
Maintenance
615 E. Holly
Group
926038 -
Avenue EI
janitorial and
Segundo, CA
cleaning
90245
supplies
11,717.23
0.00
6250 - Gardening
4151
08/14/2020
08/14/2020
6250-
Park Vista -
Octavio Rojas
979.00
0.00 746C-CF4C
08/14/2020
Monthly
Gardening
615 E. Holly
Landscaping
Service - July
Avenue EI
Created on 09/20/2020 Page 4
Bill Detail
Reference Bill Date Due Date Account Property Unit
Segundo, CA
90245
4151 08/14/2020 08/14/2020 6250- Park Vista -
Gardening 615 E. Holly
Avenue EI
Segundo, CA
90245
6270 - Management Fees
312034
08/10/2020
08/10/2020
6270-
Park Vista -
Octavio Rojas
259.60
0.00 746C-CF4C
Management
615 E. Holly
Landscaping
Fees
Avenue EI
Segundo, CA
90245
312034
08/10/2020
08/10/2020
6270-
Park Vista -
Management
615 E. Holly
Fees
Avenue EI
Segundo, CA
90245
31221
08/24/2020
08/24/2020
6270-
Park Vista -
Cadman
1,910.43
0.00 ACH
Management
615 E. Holly
Group
Fees
Avenue EI
Segundo, CA
90245
31221
08/24/2020
08/24/2020
6270-
Park Vista -
Cadman
616.10
0.00 ACH
Management
615 E. Holly
Group
Fees
Avenue EI
Segundo, CA
90245
Cadman
08/24/2020
08/24/2020
6270-
Park Vista -
Group
Management
615 E. Holly
Fees
Avenue EI
Segundo, CA
90245
6315 - Pest Control
134648 08/14/2020 08/14/2020 6315 - Pest Park Vista -
Control 615 E. Holly
Avenue EI
Segundo, CA
90245
Created on 09/20/2020
Payee Name
Paid
Unpaid Check #
Paid Date
Description
Octavio Rojas
259.60
0.00 746C-CF4C
08/14/2020
Extra supplies
Landscaping
and approved
work, (1) 501b
bag of lawn
fertilizer, (4) 6"
popup
sprinkler, (1)
1" superior
valve
1,238.60
0.00
Cadman
1,910.43
0.00 ACH
08/10/2020
Increased
Group
maintenance
and Janitorial
due to
COVID-19
Cadman
616.10
0.00 ACH
08/10/2020
Increased
Group
management
due to
COVID-19
Cadman
1,910.43
0.00 ACH
08/24/2020
Increased
Group
maintenance
and Janitorial
due to
COVID-19
Cadman
616.10
0.00 ACH
08/24/2020
Increased
Group
management
due to
COVID-19
Cadman
14,500.00
0.00 824
08/24/2020
Management
Group
Fees for 08/
2020
19,553.06
0.00
Al & Sons
150.00
0.00 3000000168
08/14/2020
Vermin
Termite and
Service 7/16/
Pest Control
20
Inc.
Page 5
Bill Detail
Reference
Bill Date
Due Date
Account
Property Unit
438951
08/20/2020
08/20/2020
6315 - Pest
Park Vista -
Control
615 E. Holly
Gas Company
950.92
0.00 3000000170
08/14/2020
Avenue EI
Segundo, CA
956.14
0.00
90245
6410 - Electricity
241.42
0.00 ACH
08/13/2020
Service 5/14/
2-02-314-5071
08/20/2020
08/20/2020
6410-
Park Vista -
EI Segundo
241.42
0.00 ACH
Electricity
615 E. Holly
Water
Avenue EI
EI Segundo
5,161.55
0.00 ACH
08/13/2020
Segundo, CA
Water
90245
2-22-974-6581
08/20/2020
08/20/2020
6410-
Park Vista - 109
Electricity
615 E. Holly
Avenue EI
Segundo, CA
90245
6420- Gas
075 005 3297
08/14/2020
08/14/2020
6420 - Gas
Park Vista - 109
8
615 E. Holly
Avenue EI
Segundo, CA
90245
056 105 3200
08/14/2020
08/14/2020
6420 - Gas
Park Vista -
3
615 E. Holly
Avenue EI
Segundo, CA
90245
6430 - Water
075-18531-000
08/13/2020
08/13/2020
6430 - Water
Park Vista -
615 E. Holly
Avenue EI
Segundo, CA
90245
075-18411-000
08/13/2020
08/13/2020
6430 - Water
Park Vista -
615 E. Holly
Avenue EI
Segundo, CA
90245
075-18321-000
08/13/2020
08/13/2020
6430 - Water
Park Vista -
615 E. Holly
Avenue EI
Created on 09/20/2020
Payee Name Paid Unpaid Check # Paid Date Description
Terminix 60.00 0.00 5534 08/20/2020 Monthly
Service -
August
210.00 0.00
Edison 1,689.26 0.00 5531 08/20/2020 Service 7/14/
20-8/12/20
Edison 131.21 0.00 5532 08/20/2020 Service 7/14/
20-8/12/20
1,820.47
0.00
Gas Company
5.22
0.00 3000000169
08/14/2020
Service 7/1/20
-7/31/20
Gas Company
950.92
0.00 3000000170
08/14/2020
Service 7/1/20
-7/31/20
956.14
0.00
EI Segundo
241.42
0.00 ACH
08/13/2020
Service 5/14/
Water
20-7/14/20
EI Segundo
241.42
0.00 ACH
08/13/2020
Service 5/14/
Water
20-7/14/20
EI Segundo
5,161.55
0.00 ACH
08/13/2020
Service 5/14/
Water
20-7/14/20
Page 6
Bill Detail
Reference
Bill Date
Due Date
Account
Property Unit
Payee Name
0.00
5519
08/05/2020
Service 7/27/
Segundo, CA
20-8/26/20
474.89
90245
5522
08/13/2020
08/13/2020
08/13/2020
6430 - Water
Park Vista -
EI Segundo
-9/3/20
420.93
0.00
5529
615 E. Holly
Water
Avenue EI
108.90
0.00
5530
08/20/2020
Service 7/9/20
Segundo, CA
-8/8/20
197.73
90245
5535
6445 - Telephone/Internet
Service 8/13/
145150448
08/05/2020
08/05/2020
6445-
Park Vista -
AT&T
Service 8/17/
Telephone/
615 E. Holly
20-9/16/20
Internet
Avenue EI
Segundo, CA
90245
310-322-5036
08/13/2020
08/13/2020
6445-
Park Vista -
AT&T
Telephone/
615 E. Holly
Internet
Avenue EI
Segundo, CA
90245
310-640-7156
08/20/2020
08/20/2020
6445-
Park Vista -
AT&T
Telephone/
615 E. Holly
Internet
Avenue EI
Segundo, CA
90245
337000205336
08/20/2020
08/20/2020
6445-
Park Vista -
AT&T
Telephone/
615 E. Holly
Internet
Avenue EI
Segundo, CA
90245
310-519-1730
08/25/2020
08/25/2020
6445-
Park Vista -
AT&T
Telephone/
615 E. Holly
Internet
Avenue EI
Segundo, CA
90245
287272447593
08/28/2020
08/28/2020
6445-
Park Vista -
AT&T
Telephone/
615 E. Holly
Internet
Avenue EI
Segundo, CA
90245
6455 - Cable/Television
8448 30 006
08/13/2020
08/13/2020
6455 - Cable/
Park Vista -
Spectrum
0255251
Television
615 E. Holly
Avenue EI
Segundo, CA
90245
Created on 09/20/2020
Paid Unpaid Check # Paid Date Description
907.09 0.00 ACH 08/13/2020 Service 3/12/
20-5/14/20
6,551.48
0.00
142.80
0.00
5519
08/05/2020
Service 7/27/
20-8/26/20
474.89
0.00
5522
08/13/2020
Service 8/4/20
-9/3/20
420.93
0.00
5529
08/20/2020
Service 8/5/20
-9/4/20
108.90
0.00
5530
08/20/2020
Service 7/9/20
-8/8/20
197.73
0.00
5535
08/25/2020
Service 8/13/
20-9/12/20
23.50
0.00
5538
08/28/2020
Service 8/17/
20-9/16/20
1,368.75 0.00
17.16 0.00 5527 08/13/2020 Service 7/30/
20-8/29/20
Page 7
Bill Detail
Reference Bill Date Due Date Account Property Unit Payee Name Paid Unpaid Check # Paid Date Description
8448 30 006 08/13/2020 08/13/2020 6455 - Cable/ Park Vista - Spectrum 4,626.62 0.00 5526 08/13/2020 Service 8/4/20
0017008 Television 615 E. Holly -9/3/20
Avenue EI
Segundo, CA
90245
4,643.78 0.00
7420 - Office Supplies
31225 08/28/2020 08/28/2020 7420 - Office Park Vista - Cadman 100.00 0.00 ACH 08/28/2020 IT Service -
Supplies 615 E. Holly Group managers
Avenue EI outlook
Segundo, CA crashing
90245
Total 48,637.51 0.00
Created on 09/20/2020 Page 8
Budget - Comparative
Properties: Park Vista - 615 E.
Holly Avenue
EI Segundo, CA 90245
Period Range: Aug 2020 to Aug
2020
Comparison Period Range: Aug
2019 to
Aug 2019
Accounting Basis: Cash
Level of Detail: Detail View
Comparison
Comparison
Comparison $
Comparison %
Account Name Period
Actual
Period Budget Period $
Variance
Period % Variance
Actual
Budget
Variance
Variance
Income
RENT
Rent Income
59,957.00
62,000.00
-2,043.00
-3.30%
59,162.00
58,900.00
262.00
0.44%
Parking Income
1,445.00
1,250.00
195.00
15.60%
2,028.00
1,450.00
578.00
39.86%
Total RENT
61,402.00
63,250.00
-1,848.00
-2,92%
61,190.00
60,350.00
840.00
1.39%
Prepayment
-395.00
0.00
-395.00
0.00%
-665.00
0.00
-665.00
0.00%
Laundry Income
672.13
415.00
257.13
61.96%
774.51
415.00
359.51
86.63%
Total Budgeted
61,679.13
63,665.00
-1,985.87
-3.12%
61,299.51
60,765.00
534.51
0.88%
Operating Income
Expense
Fire Service
0.00
335.00
335.00
100.00%
0.00
335.00
335.00
100.00%
Maintenance
14,288.83
13,000.00
-1,288.83
-9.91%
19,059.82
8,000.00
-11,059.82
-138.25%
Elevator service
0.00
850.00
850.00
100.00%
0.00
850.00
850.00
100.00%
Gardening
1,238.60
1,350.00
111.40
8.25%
1,025.00
1,350.00
325.00
24.07%
Management
19,553.06
14,500.00
-5,053.06
-34.85%
14,500.00
14,500.00
0.00
0.00%
Fees
Pest Control
210.00
400.00
190.00
47.50%
521.00
291.66
-229.34
-78.63%
Licenses and
0.00
35.00
35.00
100.00%
0.00
35.00
35.00
100.00%
Permits
Electricity
1,820.47
1,700.00
-120.47
-7.09%
3,568.62
1,500.00
-2,068.62
-137.91%
Gas
956.14
1,000.00
43.86
4.39%
825.21
950.00
124.79
13.14%
Water
6,551.48
3,750.00
-2,801.48
-74.71%
6,526.55
3,750.00
-2,776.55
-74.04%
Telephone/
1,368.75
1,250.00
-118.75
-9.50%
1,041.48
1,000.00
-41.48
-4.15%
Internet
Cable/Television
4,643.78
4,500.00
-143.78
-3.20%
4,358.60
4,300.00
-58.60
-1.36%
Office Supplies
100.00
300.00
200.00
66.67%
0.00
300.00
300.00
100.00%
Uniforms
0.00
50.00
50.00
100.00%
0.00
50.00
50.00
100.00%
Advertising &
0.00
625.00
625.00
100.00%
671.85
625.00
-46.85
-7.50%
Promotion
Entertainment
0.00
150.00
150.00
100.00%
0.00
150.00
150.00
100.00%
Created on 09/20/2020
Page 1
Budget - Comparative
Account Name
Period Actual
Period Budget
Period $ Variance
Period % Variance
Bank Service
0.00
6.25
6.25
100.00%
Fees
100.00%
0.00
10.41
10.41
Postage
0.00
10.41
10.41
100.00%
Professional Fees
0.00
500.00
500.00
100.00%
Total Budgeted
50,731.11
44,311.66
-6,419.45
-14.49%
Operating
Expense
Total Budgeted
61,679.13
63,665.00
-1,985.87
-3.12%
Operating Income
Total Budgeted
50,731.11
44,311.66
-6,419.45
-14.49%
Operating Expense
NOI - Net
10,948.02
19,353.34
-8,405.32
-43.43%
Operating Income
Other Income
Interest on Bank
570.49
250.00
320.49
128.20%
Accounts
Total Budgeted
570.49
250.00
320.49
128.20%
Other Income
Net Other Income
570.49
250.00
320.49
128.20%
Total Budgeted
62,249.62
63,915.00
-1,665.38
-2.61%
Income
Total Budgeted
50,731.11
44,311.66
-6,419.45
-14.49%
Expense
Net Income
11,518.51
19,603.34
-8,084.83
-41.24%
Cash
Cash in Bank
10,490.02
0.00
-10,490.02
0.00%
Park Vista -
7.78
0.00
-7.78
0.00%
Grandpoint
Account
Park Vista
561.81
0.00
-561.81
0.00%
Reserve Account
- LAIF
Created on 09/20/2020
Comparison
Comparison
Comparison $
Comparison %
Actual
Budget
Variance
Variance
0.00
6.25
6.25
100.00%
0.00
10.41
10.41
100.00%
0.00
458.33
458.33
100.00%
52,098.13
38,461.65
-13,636.48
-35.45%
61,299.51
60,765.00
534.51
0.88%
52,098.13
38,461.65
-13,636.48
-35.45%
9,201.38
22,303.35
-13,101.97
-58.74%
454.36
50.00
404.36
808.72%
454.36
50.00
404.36
808.72%
454.36
50.00
404.36
808.72%
61,753.87
60,815.00
938.87
1.54%
52,098.13
38,461.65
-13,636.48
-35.45%
9,655.74
22,353.35
-12,697.61
-56.80%
10,773.38
0.00
-10,773.38
0.00%
15.60
0.00
-15.60
0.00%
435.23
0.00
-435.23
0.00%
Page 2
Budget - Comparative
Comparison
Comparison $
Comparison %
Actual
Account Name Period Actual
Period Budget
Period $ Variance
Period % Variance
Park Vista Money
0.90
0.00
-0.90
0.00%
Market Account -
0.00%
40.00
0.00
40.00
CHASE
1,532.00
0.00
1,532.00
0.00%
Total Budgeted
11,060.51
0.00
-11,060.51
0.00%
Cash
Liability
Key Deposit
20.00
0.00
20.00
0.00%
Security Deposit
-478.00
0.00
-478.00
0.00%
Total Budgeted
-458.00
0.00
-458.00
0.00%
Liability
Created on 09/20/2020
Comparison
Comparison
Comparison $
Comparison %
Actual
Budget
Variance
Variance
3.53
0.00
-3.53
0.00%
11,227.74
0.00
-11,227.74
0.00%
40.00
0.00
40.00
0.00%
1,532.00
0.00
1,532.00
0.00%
1,572.00
0.00
1,572.00
0.00%
Page 3