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2020-10-28 Sr. Citizen Housing Board Agenda SPCSpecial Meeting of the E1 Segundo Senior Citizen Housing Board Corporation Agenda Wednesday, October 28, 2020 at 3:30 pm Park Vista Senior Housing 615 E. Holly Avenue E1 Segundo, CA 90245 Senior Citizen Housinp, Board Paul Lanyi, President Martin Stone, Vice President Paula Rotolo, CFO Jim Latta, Board Member Patricia Gerber, Board Member City 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 / 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 AGENDA SPECIAL MEETING El Segundo Senior Citizen Housing Board Corporation Wednesday, October 28, 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 El Segundo Senior Citizen Housing Board 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, seniorcitizenhousinaboard(&else2undo.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, October 27, 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, September 23, 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 3. Annual Rental Rate Survey Consider directing Cadman Group to conduct a market rent survey for consideration at a future meeting regarding adjustments to rental rates. Recommendation: Discussion and Possible Action. 4. Annual Report (Paul Lanyi) Discussion and possible recommendation regarding the Annual Report for presentation to Council scheduled for November 17, 2020. The Board may discuss ideas and how they would like to proceed with the report. Recommendation: Discussion and possible action. 5. Presentation (Joe Lillio) City of El Segundo Finance Director, Joe Lillio will report regarding Park Vista's replacement reserve funding. Recommendation: Discussion and Possible Action 6. Park Vista Time Warner/ Spectrum Contract (Neil) Recommendation: Discussion and Possible Action D. UNFINISHED BUSINESS 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. Park Vista Update. G. BOARD MEMBERS REPORT A general report from the Senior Citizen Housing Board Members. NEXT REGULAR MEETINGS: Wednesday, November 18, 2020 Wednesday, December 23, 2020 MEETING (CANCELLED) \"Din 14011k10011N 3 MINUTES OF THE SPECIAL MEETING EI Segundo Senior Citizen Housing Board Corporation Wednesday, September 23, 2020 Park Vista Senior Housing 350 Main St., EI Segundo, CA 90245 CALL TO ORDER: The special meeting was called to order at 3:35 p.m. by member Paul Lanyi presiding. ROLL CALL Members Present: Paul Lanyi Paula Rotolo Jim Latta Member Absent: Patricia Gerber Martin Stone Others: Neil Cadman, Cadman Group Arecia Hester, Recreation Superintendent Monse Palacios, Administrative Analyst Ryan Delgado, Recreation Supervisor Sam Lee, Development Services Director A. PUBLIC COMMUNICATION None B. APPROVAL OF MEETING MINUTES Motion: to approve the Wednesday, August 26, 2020 meeting minutes was made by Member Lanyi and Seconded by Member Latta. Motion carried 3-0 C. NEW BUSINESS 1. President's Report He would like to work with Martin and prepare the report for city council on November V. He would like to have a follow up meeting with Elias, Public Works Director and Joe Lillio, Finance Director. Paul would like to know his timeframe during the presentation. Sam Lee will circle back regarding the time frame after he speaks to the city manager. 2. Financial Reports and LAIF (Local Agency Investment Fund) Neil will contact Grand Point and Chase to inquire on the transfer and documents needed to complete it. Jim- 5 or 6 vacancies last month and now it looks like we don't have any vacancies. Neil- The vacancies have not changed. Jim- When will vacancies be open? Neil- That will be up to the team. Chief Donovan and the all hazardous team. D. UNFINISHED BUSINESS Earthquake Insurance The Cadman amendment is in the process. E. MANAGEMENT REPORT Neil shared with the board that the Fire Chief was extremely helpful during the heat wave. He provided fans and water for the residents. F. CITY STAFF REPORT Arecia offered her support to the board in their city council report preparation. Arecia introduced Sam Lee, Development Services Director. Sam introduced himself and his team. Ryan Delgado informed the board the residents will once again receive hot meals starting October 1st. Residents are doing well. Staff helped take water to residents during the heat wave. The Recreation Department will be conducting a variety of events to celebrate Halloween. You've been Boo'd Candy Granham Deliveries Dive in Movie at EI Segundo Aquatics Center Virtual Ghoul Hunt Social Media Scavenger Hunt Car-Stume Contest Pumpkin Contest House Decorating Contest H. BOARD MEMBER REPORT None NEXT MEETING: Wednesday, October 28, 2020 ADJOURMENT: 4:43 pm EL SEGUNDO SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION 350 MAIN STREET, EL SEGUNDO, CA 90245 October 16, 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: 9/30/2020 Accrued Interest (posted quarterly by the 15th day following quarter ): Q3-2020 September -20 Oriqinal $ 843,726.73 1,696.10 $ 845,422.83 Interest Earned July @ 0.920% Actual LAIF for 31 days 659.26 Interest Earned August @ 0.784% Actual LAIF for 31 days 561.81 Interest Earned September @ 0.685% Actual LAIF for 30 days 475.03 Accrued Interest quarter to date 1,696.10 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 Sam Lee, Director -Development Services 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 c• CADMANGRouP PARK VISTA Financial Reporting Analysis September 2020 Gross Income: $61,179.93 No out of the ordinary issues with regards to income for the month Gross Expenses: $41,687.02 Expenses for the month were normal except for the following: • Increased management fees due to overtime of staff members during the COVID-19 crisis. • No Water bills for September. • Maintenance of $10,011.04 normal type of maintenance except for mold remediation rebuild work and hotel stay for affected tenant. Also included was an elevator emergency call. Net Income: $19,492.91 Total Account Balances: $1,406,668.77 No known upcoming major expenses. NOTE: THIS DOCUMENT ISA SUMMARY AND ANALYSIS ONLY OF THE MONTHLY FINANCIAL STATEMENTS FOR PARK VISTA. THEY ARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR PARK VISTA. Total number of vacancies for the month: 94.8% occupied on 9/1/2020 94.8% occupied on 9/30/2020 Move -outs: 0 Move -ins: 0 Notices to Vacate: 0 Budget Comparison Notes: Operations: Operations for the month was a net income of $110.43 under budget. Year tc Date, operations are $13,637.11 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 September $2,968.50 under budget while $13,203.88 under budget YTD. This is all attributable to vacancies that are not being leased due to COVID-19. Expenses: • Overall $2,624.64 under budget for all expenses for September, $6,856.91 over budget YTD. • Maintenance $2,988.96 under budget for September, $6,727.83 under budget YTD. • Electricity $436.49 over budget in September; $2,747.20 under budget YTD. • Gas $77.22 under budget for September, $1,169.64 over budget YTD. • Cable Television over budget by $174.16. Spectrum raised fees again and we did not know how much it would be raised when the budget was created. • Water is $7,647.77 under budget YTD. • Elevator service over budget $4,304.07 YTD due to unanticipated repairs. NOTE: THIS DOCUMENT IS A SUMMARY AND ANALYSIS ONLY OF THE MONTHLY FINANCIAL STATEMENTS FOR PARK VISTA. THEY ARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR PARK VISTA. 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: Sep 2020 Accounting Basis: Cash Level of Detail: Detail View Account Name Selected Month % of Selected Month Operating Income & 543,848.59 Expense 2.38 Income 2.32 RENT 556,808.59 Rent Income 60,157.00 Parking Income 1,445.00 Total RENT 61,602.00 Maintenance Charge 0.00 (Income Account) 0.01 Prepayment -905.50 NSF Bank Fees 0.00 Collected 0.00 Laundry Income 0.00 Late Fee 0.00 Total Operating Income 60,696.50 Expense 110,272.17 Fire Service 0.00 Maintenance 10,011.04 Elevator service 1,338.48 Gardening 1,068.50 Management Fees 19,358.43 Pest Control 210.00 Insurance - Property 0.00 Licenses and Permits 0.00 Electricity 2,136.49 Gas 922.78 Water 0.00 Telephone/Internet 1,558.22 Cable/Television 4,674.16 Office Supplies 77.49 Uniforms 331.43 Advertising & 0.00 Promotion 7.45 Bank Service Fees 0.00 Postage 0.00 Professional Fees 0.00 Total Operating 41,687.02 Expense 0.00 NOI - Net Operating 19,009.48 Income Year to Month End % of Year to Month End 99.11 543,848.59 97.15 2.38 12,960.00 2.32 101.49 556,808.59 99.47 0.00 452.12 0.08 -1.49 -679.00 -0.12 0.00 50.00 0.01 0.00 3,149.41 0.56 0.00 0.00 0.00 100.00 559,781.12 100.00 0.00 4,973.87 0.89 16.49 110,272.17 19.70 2.21 11,954.07 2.14 1.76 9,582.10 1.71 31.89 161,447.57 28.84 0.35 3,185.00 0.57 0.00 20,670.00 3.69 0.00 75.00 0.01 3.52 12,552.80 2.24 1.52 10,169.64 1.82 0.00 26,102.23 4.66 2.57 11,410.09 2.04 7.70 41,677.66 7.45 0.13 1,972.94 0.35 0.55 331.43 0.06 0.00 256.36 0.05 0.00 29.00 0.01 0.00 0.00 0.00 0.00 0.00 0.00 68.68 426,661.93 76.22 31.32 133,119.19 23.78 Created on 10/18/2020 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 483.43 0.80 8,673.68 1.55 Accounts Total Other Income 483.43 0.80 8,673.68 1.55 Other Expense Capital Expenditures Fire Prevention 0.00 0.00 0.00 0.00 Total Capital 0.00 0.00 0.00 0.00 Expenditures Total Other Expense 0.00 0.00 0.00 0.00 Net Other Income 483.43 0.80 8,673.68 1.55 Total Income 61,179.93 100.80 568,454.80 101.55 Total Expense 41,687.02 68.68 426,661.93 76.22 Net Income 19,492.91 32.12 141,792.87 25.33 Created on 10/18/2020 Page 2 Balance Sheet Properties: Park Vista - 615 E. Holly Avenue EI Segundo, CA 90245 As of: 09/30/2020 Accounting Basis: Cash Account Name Balance ASSETS Cash 4,125.00 Cash in Bank 258,498.70 Park Vista - Grandpoint Account 183,759.05 Park Vista Business Checking Account - CHASE 11,110.00 Park Vista Reserve Account - LAIF 845,422.83 Park Vista Money Market Account - CHASE 107,878.19 Total Cash 1,406,668.77 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 1,940,007.72 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 141,792.87 Calculated Prior Years Retained Earnings 1,542,002.90 Total Capital 1,881,373.72 TOTAL LIABILITIES & CAPITAL 1,940,007.72 Created on 10/18/2020 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: 09/01/2020 to 09/30/2020 Automated AP: All Reference Bill Date Due Date Account Property Unit Payee Name Paid Unpaid Check # Paid Date Description 6210 - Maintenance DVB23395001 09/10/2020 09/10/2020 6210- Park Vista - Amtech 1,385.00 0.00 3CC9-8B8F 09/15/2020 Afterhours Maintenance 615 E. Holly Elevator emergency Avenue EI Service elevator Segundo, CA service; 90245 elevator stopped on floor with doors stuck open required replacement of broken spirator by technician to work properly again 44363 09/10/2020 09/10/2020 6210- Park Vista - Southbay 77.73 0.00 5539 09/14/2020 Maintenance Maintenance 615 E. Holly Industrial Supplies Avenue EI Hardware Segundo, CA 90245 44386 09/10/2020 09/10/2020 6210- Park Vista - Southbay 189.89 0.00 5539 09/14/2020 Maintenance Maintenance 615 E. Holly Industrial Supplies Avenue EI Hardware Segundo, CA 90245 44400 09/10/2020 09/10/2020 6210- Park Vista - Southbay 134.37 0.00 5539 09/14/2020 Maintenance Maintenance 615 E. Holly Industrial Supplies Avenue EI Hardware Segundo, CA 90245 026401 09/15/2020 09/15/2020 6210- Park Vista - Garcia, 130.00 0.00 9EA7-047E 09/16/2020 Extra long Maintenance 615 E. Holly Gerardo snake needed Avenue EI to clear Segundo, CA stubborn 90245 kitchen sink clog between units; cleared and draining Created on 10/18/2020 Pagel Bill Detail Reference Bill Date Due Date Account Property Unit 9184627219 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 9184313719 09/15/2020 09/15/2020 6210- Park Vista - HD Supply 103.58 0.00 5540 Maintenance 615 E. Holly Avenue EI Segundo, CA HD Supply 55.83 0.00 5540 09/15/2020 90245 9184313717 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly HD Supply 83.86 0.00 5540 09/15/2020 Avenue EI Segundo, CA HD Supply 118.21 0.00 5540 09/15/2020 90245 9184313720 09/15/2020 09/15/2020 6210- Park Vista - HD Supply 138.84 0.00 5540 Maintenance 615 E. Holly Avenue EI HD Supply 98.50 0.00 5540 09/15/2020 Segundo, CA 90245 9184313721 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly HD Supply 41.60 0.00 5540 09/15/2020 Avenue EI Segundo, CA HD Supply 80.57 0.00 5540 09/15/2020 90245 9184313722 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 9184382252 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 9184382251 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 9184429297 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Created on 10/18/2020 Payee Name Paid Unpaid Check # Paid Date Description properly now, replaced drain pipe. #315 (Esteban out sick) HD Supply 103.58 0.00 5540 09/15/2020 New garbage disposal for Unit #212 HD Supply 55.83 0.00 5540 09/15/2020 New kitchen faucet for Unit #414 HD Supply 83.86 0.00 5540 09/15/2020 Maintenance supplies HD Supply 118.21 0.00 5540 09/15/2020 Janitorial supplies HD Supply 138.84 0.00 5540 09/15/2020 Maintenance supplies HD Supply 98.50 0.00 5540 09/15/2020 Maintenance supplies HD Supply 7.65 0.00 5540 09/15/2020 Maintenance supplies HD Supply 41.60 0.00 5540 09/15/2020 Maintenance supplies HD Supply 80.57 0.00 5540 09/15/2020 Maintenance supplies Page 2 Bill Detail Reference Bill Date Due Date Account Property Unit HD Supply 141.80 0.00 5540 09/15/2020 Segundo, CA 90245 9184462710 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Vazquez, Raul 185.00 0.00 9EAB-412E 09/16/2020 Segundo, CA 90245 9184502464 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 0000313 09/15/2020 09/15/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 0000309 09/15/2020 09/15/2020 6210- Park Vista - Vazquez, Raul 2,800.00 0.00 214A -5B68 Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 000825 09/17/2020 09/17/2020 6210- Park Vista - 109 Maintenance 615 E. Holly HD Supply 160.07 0.00 5547 09/21/2020 Avenue EI Segundo, CA 90245 9184784241 09/21/2020 09/21/2020 6210- Park Vista - Maintenance 615 E. Holly Golden One 375.00 0.00 7132-8266 09/24/2020 Avenue EI Pest Control Segundo, CA 90245 19184871210 09/21/2020 09/21/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 8005 09/23/2020 09/23/2020 6210- Park Vista - Maintenance 615 E. Holly Avenue EI Segundo, CA 90245 Created on 10/18/2020 Payee Name Paid Unpaid Check # Paid Date Description HD Supply 141.80 0.00 5540 09/15/2020 Maintenance supplies HD Supply 863.96 0.00 5540 09/15/2020 New dishwasher for Unit #305 Vazquez, Raul 185.00 0.00 9EAB-412E 09/16/2020 Afterhours service - unclog kitchen sink, snake to drain pipe between units; cleared. Vazquez, Raul 125.00 0.00 9EAB-412E 09/16/2020 Unclogged kitchen sink, stubborn clog, needed longer snake - cleared #305 Vazquez, Raul 2,800.00 0.00 214A -5B68 09/17/2020 Start up money for materials of unit #109 rebuild after remediation HD Supply 160.07 0.00 5547 09/21/2020 New toilet tank and toilet bowl for Unit #218 HD Supply 7.11 0.00 5547 09/21/2020 Maintenance supplies Golden One 375.00 0.00 7132-8266 09/24/2020 Treated Pest Control window in 2 spots for dry wood termites with 1 year warranty. #401 Page 3 Bill Detail Reference Bill Date Due Date Account Property Unit Payee Name Paid Unpaid Check # Paid Date Description 157669 09/23/2020 09/23/2020 6210- Park Vista - John E Phillips 165.00 0.00 4D83-A94F 09/23/2020 Replacement Maintenance 615 E. Holly Plumbing Inc. of wall Avenue EI thermostat Segundo, CA fixture and 90245 wiring. #208 229790 09/23/2020 09/23/2020 6210- Park Vista - 109 Perez 470.00 0.00 A8E2-FOE6 09/23/2020 Mold Maintenance 615 E. Holly Reconstruction remediation; Avenue EI Contractors, Lead and Segundo, CA Inc. asbestos 90245 testing required before work commencement 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 218.98 0.00 ACH 09/28/2020 Amazon - Maintenance 615 E. Holly Group COVID19 Avenue EI sanitizing Segundo, CA supplies 90245 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 109.52 0.00 ACH 09/28/2020 Amazon - Maintenance 615 E. Holly Group COVID19 Avenue EI sanitizing Segundo, CA supplies 90245 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 1,168.00 0.00 ACH 09/28/2020 Relocation Maintenance 615 E. Holly Group #109 - Hotel Avenue EI Stay room Segundo, CA charges 90245 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 77.34 0.00 ACH 09/28/2020 Quill Invoice Maintenance 615 E. Holly Group 9795705 - Avenue EI cleaning Segundo, CA supplies 90245 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 7.22 0.00 ACH 09/28/2020 Quill Invoice Maintenance 615 E. Holly Group 9827741 - Avenue EI Janitorial Segundo, CA supplies 90245 31371 09/28/2020 09/28/2020 6210- Park Vista - Cadman 16.41 0.00 ACH 09/28/2020 Quill Invoice Maintenance 615 E. Holly Group 9833581 Avenue EI Cleaning Segundo, CA supplies 90245 9,536.04 0.00 Created on 10/18/2020 Page 4 Bill Detail Reference Bill Date Due Date Account Property Unit 6245 - Elevator service 615 E. Holly Fees 151400124992 09/24/2020 09/24/2020 6245- Park Vista - Elevator 615 E. Holly 6270- Park Vista - service Avenue EI 615 E. Holly Fees Segundo, CA and approved Segundo, CA 90245 6250 - Gardening 90245 09/07/2020 09/07/2020 6270- 4204 09/15/2020 09/15/2020 6250- Park Vista - Fees Gardening 615 E. Holly Segundo, CA 0.00 Avenue EI 90245 09/21/2020 09/21/2020 6270- Segundo, CA 09/04/2020 Management 615 E. Holly 90245 4204 09/15/2020 09/15/2020 6250- Park Vista - Segundo, CA Gardening 615 E. Holly 09/21/2020 09/21/2020 6270- Park Vista - Avenue EI Management 615 E. Holly Segundo, CA Avenue EI maintenance 90245 6270 - Management Fees 09/04/2020 09/04/2020 6270- Park Vista - 09/15/2020 Management 615 E. Holly Fees Avenue EI Service - Segundo, CA 90245 09/07/2020 09/07/2020 6270- Park Vista - 09/15/2020 Management 615 E. Holly Fees Avenue EI and approved Segundo, CA 90245 09/07/2020 09/07/2020 6270- Park Vista - Management 615 E. Holly Fees Avenue EI sprinkler Segundo, CA 0.00 90245 09/21/2020 09/21/2020 6270- Park Vista - 09/04/2020 Management 615 E. Holly Fees Avenue EI Fees for 09/ Segundo, CA 90245 09/21/2020 09/21/2020 6270- Park Vista - 09/07/2020 Management 615 E. Holly Fees Avenue EI maintenance Segundo, CA 90245 Created on 10/18/2020 Payee Name Paid Unpaid Check # Paid Date Description Amtech 1,338.48 0.00 5724-C366 09/24/2020 Service 10/1/ Elevator 20 - 12/31/20 Service Octavio Rojas 979.00 0.00 3D45-AE4F 09/15/2020 Monthly Landscaping Service - August Octavio Rojas 89.50 0.00 3D45-AE4F 09/15/2020 Extra supplies Landscaping and approved work, (5) 6" popup sprinkler 1,068.50 0.00 Cadman 14,500.00 0.00 942 09/04/2020 Management Group Fees for 09/ 2020 Cadman 1,910.43 0.00 ACH 09/07/2020 Increased Group maintenance and Janitorial due to COVID-19 Cadman 616.10 0.00 ACH 09/07/2020 Increased Group management due to COVID-19 Cadman 1,838.37 0.00 ACH 09/21/2020 Increased Group maintenance and Janitorial due to COVID-19 Cadman 493.53 0.00 ACH 09/21/2020 Increased Group management due to COVID-19 19,358.43 0.00 Page 5 Bill Detail Reference Bill Date Due Date Account Property Unit 6315 - Pest Control Park Vista - 109 Al & Sons 135254 09/15/2020 09/15/2020 6315 - Pest Park Vista - 615 E. Holly Control 615 E. Holly Gas Company 6.24 Avenue EI Pest Control Segundo, CA Segundo, CA 90245 438951 09/17/2020 09/17/2020 6315 - Pest Park Vista - 90245 Control 615 E. Holly 09/17/2020 6410- Avenue EI 20 - 10/12/20 Segundo, CA Electricity 615 E. Holly 90245 6410 - Electricity 2-22-974-6581 09/17/2020 09/17/2020 6410- Park Vista - 109 Al & Sons 150.00 0.00 3000000172 Electricity 615 E. Holly Termite and 20-8/31/20 Gas Company 6.24 Avenue EI Pest Control Segundo, CA Inc. 922.78 0.00 90245 2-02-314-5071 09/17/2020 09/17/2020 6410- Park Vista - 20 - 10/12/20 Electricity 615 E. Holly Avenue EI 210.00 0.00 Segundo, CA Edison 152.26 0.00 5544 09/17/2020 90245 6420 - Gas 20-9/11/20 056 105 3200 09/15/2020 09/15/2020 6420 - Gas Park Vista - 3 615 E. Holly Avenue EI Segundo, CA 90245 075 005 3297 09/15/2020 09/15/2020 6420 - Gas Park Vista - 109 8 615 E. Holly Avenue EI Segundo, CA 90245 6445 - Telephone/Internet 310-519-1730 09/24/2020 09/24/2020 6445- Park Vista - Telephone/ 615 E. Holly Internet Avenue EI Segundo, CA 90245 Created on 10/18/2020 Payee Name Paid Unpaid Check # Paid Date Description Al & Sons 150.00 0.00 3000000172 09/15/2020 Vermin Termite and 20-8/31/20 Gas Company 6.24 Service 8/20/ Pest Control 20 Inc. 922.78 0.00 AT&T Terminix 60.00 0.00 5546 09/17/2020 Monthly 20 - 10/12/20 Service - September 210.00 0.00 Edison 152.26 0.00 5544 09/17/2020 Service 8/12/ 20-9/11/20 Edison 1,984.23 0.00 5543 09/17/2020 Service 8/12/ 20-9/11/20 Page 6 2,136.49 0.00 Gas Company 916.54 0.00 3000000171 09/15/2020 Service 7/31/ 20-8/31/20 Gas Company 6.24 0.00 3000000171 09/15/2020 Service 7/31/ 20-8/31/20 922.78 0.00 AT&T 197.73 0.00 5550 09/24/2020 Service 9/13/ 20 - 10/12/20 Page 6 Bill Detail Reference Bill Date Due Date Account Property Unit 310-640-7156 09/24/2020 09/24/2020 6445- Park Vista - 31371 09/28/2020 09/28/2020 7420 - Office Park Vista - Supplies Telephone/ 615 E. Holly Avenue EI 822.20 Segundo, CA Internet Avenue EI Segundo, CA AT&T 103.15 0.00 5551 09/24/2020 90245 310-322-5036 09/24/2020 09/24/2020 6445- Park Vista - AT&T 23.50 0.00 5553 Telephone/ 615 E. Holly Internet Avenue EI 1,558.22 0.00 Segundo, CA Spectrum 17.16 0.00 5542 09/15/2020 90245 337000205336 09/24/2020 09/24/2020 6445- Park Vista - Spectrum 4,657.00 0.00 5545 Telephone/ 615 E. Holly Internet Avenue EI 4,674.16 0.00 Segundo, CA Cadman 68.08 0.00 ACH 09/28/2020 90245 287272447593 09/29/2020 09/29/2020 6445- Park Vista - Telephone/ 615 E. Holly Internet Avenue EI Segundo, CA Cadman 9.41 0.00 ACH 09/28/2020 90245 6455 - Cable/Television 9813024 - 8448 30 006 09/15/2020 09/15/2020 6455 - Cable/ Park Vista - 0255251 77.49 0.00 Television 615 E. Holly Avenue EI Segundo, CA 90245 8448 30 006 09/17/2020 09/17/2020 6455 - Cable/ Park Vista - 0017008 Television 615 E. Holly Avenue EI Segundo, CA 90245 7420 - Office Supplies 31371 09/28/2020 09/28/2020 7420 - Office Park Vista - Supplies 615 E. Holly Description Avenue EI 411.64 Segundo, CA 09/24/2020 90245 31371 09/28/2020 09/28/2020 7420 - Office Park Vista - Supplies 615 E. Holly -10/4/20 Avenue EI 822.20 Segundo, CA 09/24/2020 90245 Created on 10/18/2020 Payee Name Paid Unpaid Check # Paid Date Description AT&T 411.64 0.00 5549 09/24/2020 Service 9/5/20 -10/4/20 AT&T 822.20 0.00 5548 09/24/2020 Service 9/4/20 -10/3/20 AT&T 103.15 0.00 5551 09/24/2020 Service 9/9/20 -10/8/20 AT&T 23.50 0.00 5553 09/29/2020 Service 9/17/ 20 - 10/16/20 1,558.22 0.00 Spectrum 17.16 0.00 5542 09/15/2020 Service 8/30/ 20-9/29/20 Spectrum 4,657.00 0.00 5545 09/17/2020 Service 9/4/20 -10/3/20 4,674.16 0.00 Cadman 68.08 0.00 ACH 09/28/2020 Quill Invoice Group 9796701 - Cleaning supplies and office supplies Cadman 9.41 0.00 ACH 09/28/2020 Quill Invoice Group 9813024 - Office supplies 77.49 0.00 Page 7 Bill Detail Reference Bill Date Due Date Account Property 7422 - Uniforms 31371 09/28/2020 09/28/2020 7422- Park Vista - Uniforms 615 E. Holly Avenue EI Segundo, CA 90245 Unit Payee Name Paid Unpaid Check # Cadman 331.43 0.00 ACH Group Total 41,212.02 0.00 Created on 10/18/2020 Paid Date Description 09/28/2020 New Shirts for uniforms Page 8 Budget - Comparative Properties: Park Vista - 615 E. Holly Avenue EI Segundo, CA 90245 Period Range: Sep 2020 to Sep 2020 Comparison Period Range: Sep 2019 to Sep 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 60,157.00 62,000.00 -1,843.00 -2.97% 58,249.00 58,900.00 -651.00 -1.11% Parking Income 1,445.00 1,250.00 195.00 15.60% 2,000.50 1,450.00 550.50 37.97% Total RENT 61,602.00 63,250.00 -1,648.00 -2.61% 60,249.50 60,350.00 -100.50 -0.17% Prepayment -905.50 0.00 -905.50 0.00% -1,728.00 0.00 -1,728.00 0.00% Laundry Income 0.00 415.00 -415.00 -100.00% 364.98 415.00 -50.02 -12.05% Total Budgeted 60,696.50 63,665.00 -2,968.50 -4.66% 58,886.48 60,765.00 -1,878.52 -3.09% Operating Income Expense Fire Service 0.00 335.00 335.00 100.00% 0.00 335.00 335.00 100.00% Maintenance 10,011.04 13,000.00 2,988.96 22.99% 6,564.12 8,000.00 1,435.88 17.95% Elevator service 1,338.48 850.00 -488.48 -57.47% 1,309.08 850.00 -459.08 -54.01% Gardening 1,068.50 1,350.00 281.50 20.85% 979.00 1,350.00 371.00 27.48% Management 19,358.43 14,500.00 -4,858.43 -33.51% 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 2,136.49 1,700.00 -436.49 -25.68% 2,121.53 1,500.00 -621.53 -41.44% Gas 922.78 1,000.00 77.22 7.72% 844.88 950.00 105.12 11.07% Water 0.00 3,750.00 3,750.00 100.00% 0.00 3,750.00 3,750.00 100.00% Telephone/ 1,558.22 1,250.00 -308.22 -24.66% 1,369.86 1,000.00 -369.86 -36.99% Internet Cable/Television 4,674.16 4,500.00 -174.16 -3.87% 4,358.60 4,300.00 -58.60 -1.36% Office Supplies 77.49 300.00 222.51 74.17% 833.16 300.00 -533.16 -177.72% Uniforms 331.43 50.00 -281.43 -562.86% 0.00 50.00 50.00 100.00% Advertising & 0.00 625.00 625.00 100.00% 4,784.66 625.00 -4,159.66 -665.55% Promotion Entertainment 0.00 150.00 150.00 100.00% 0.00 150.00 150.00 100.00% Created on 10/18/2020 Page 1 Budget - Comparative Comparison Comparison $ Comparison % Actual Account Name Period Actual Period Budget Period $ Variance Period % Variance Bank Service 0.00 6.25 6.25 100.00% Fees 100.00% 5,000.00 458.33 -4,541.67 Postage 0.00 10.41 10.41 100.00% Professional Fees 0.00 500.00 500.00 100.00% Total Budgeted 41,687.02 44,311.66 2,624.64 5.92% Operating Expense Total Budgeted 60,696.50 63,665.00 -2,968.50 -4.66% Operating Income Total Budgeted 41,687.02 44,311.66 2,624.64 5.92% Operating Expense NOI - Net 19,009.48 19,353.34 -343.86 -1.78% Operating Income Other Income Interest on Bank 483.43 250.00 233.43 93.37% Accounts Total Budgeted 483.43 250.00 233.43 93.37% Other Income Other Expense Capital Expenditures Fire Prevention 0.00 0.00 0.00 0.00% Total Capital 0.00 0.00 0.00 0.00% Expenditures Total Budgeted 0.00 0.00 0.00 0.00% Other Expense Net Other Income 483.43 250.00 233.43 93.37% Total Budgeted 61,179.93 63,915.00 -2,735.07 -4.28% Income Total Budgeted 41,687.02 44,311.66 2,624.64 5.92% Expense Net Income 19,492.91 19,603.34 -110.43 -0.56% Created on 10/18/2020 Comparison Comparison Comparison $ Comparison % Actual Budget Variance Variance 0.00 6.25 6.25 100.00% 0.00 10.41 10.41 100.00% 5,000.00 458.33 -4,541.67 -990.92% 43,185.89 38,461.65 -4,724.24 -12.28% 58,886.48 60,765.00 -1,878.52 -3.09% 43,185.89 38,461.65 -4,724.24 -12.28% 15,700.59 22,303.35 -6,602.76 -29.60% 428.95 50.00 378.95 757.90% 428.95 50.00 378.95 757.90% 330.00 0.00 -330.00 0.00% 330.00 0.00 -330.00 0.00% 330.00 0.00 -330.00 0.00% 98.95 50.00 48.95 97.90% 59,315.43 60,815.00 -1,499.57 -2.47% 43,515.89 38,461.65 -5,054.24 -13.14% 15,799.54 22,353.35 -6,553.81 -29.32% Page 2 Budget - Comparative Comparison Comparison Comparison $ Comparison % Account Name Period Actual Period Budget Period $ Variance Period % Variance Actual Budget Variance Variance Cash Cash in Bank 19,009.48 0.00 -19,009.48 0.00% 14,630.59 0.00 -14,630.59 0.00% Park Vista - 7.53 0.00 -7.53 0.00% 15.10 0.00 -15.10 0.00% Grandpoint Account Park Vista 475.03 0.00 -475.03 0.00% 410.21 0.00 -410.21 0.00% Reserve Account - LAIF Park Vista Money 0.87 0.00 -0.87 0.00% 3.64 0.00 -3.64 0.00% Market Account - CHASE Total Budgeted 19,492.91 0.00 -19,492.91 0.00% 15,059.54 0.00 -15,059.54 0.00% Cash Liability Pet Deposit 0.00 0.00 0.00 0.00% -200.00 0.00 -200.00 0.00% Security Deposit 0.00 0.00 0.00 0.00% -540.00 0.00 -540.00 0.00% Total Budgeted 0.00 0.00 0.00 0.00% -740.00 0.00 -740.00 0.00% Liability Created on 10/18/2020 Page 3