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2025-03-26 Sr. Citizen Housing Corporation AgendaAGENDA CITY OF EL SEGUNDO SENIOR CITIZEN HOUSING CORPORATION BOARD 3:30 PM PARK VISTA - PETER & EDNA FREEMAN ROOM 615 E. HOLLY AVENUE EL SEGUNDO, CA 90245 MARCH 26, 2025 MEMBERS OF SENIOR CITIZEN HOUSING CORPORATION BOARD Paul Lanyi, President Timothy Whelan, Vice President Denise Fessenbecker Julia Newman Paula Rotolo The Senior Citizen Housing Corporation Board, with certain statutory exceptions, can only take action upon properly posted and listed agenda items. Any writings or documents given to a majority of the Senior Citizen Housing Corporation Board, regarding any matter on this agenda, that the City received after issuing the agenda packet are available for public inspection in the Park Vista Lobby, Joslyn Center, and the El Segundo Public Library during normal business hours. Such documents may also be posted on the City's website at www.elsegundo.org and additional copies will be available at the meeting. Unless otherwise noted in the agenda, the public can only comment on city -related business that is within the jurisdiction of the Senior Citizen Housing Corporation Board and/or items listed on the agenda during the Public Communications portion of the Meeting. Members of the public may also provide comments electronically by sending an email to the following address before 3:00 P.M. on the day of the meeting: agnesho@elsegundo.org. Please include the meeting date and item number in the subject line. The time limit for comments is five (5) minutes per person. Before speaking to the Senior Citizen Housing Corporation Board, please state: your name, residence, and organization/group you represent, if desired. Please respect the time limits. REASONABLE ACCOMMODATIONS: In compliance with the Americans with Disabilities Act and Government Code Section 54953(g), the City Council has adopted a reasonable accommodation policy to swiftly resolve accommodation requests. The policy can also be found on the City's website at https://www.elsegundo.org4govemmenUdepartments/city-clerk. Please contact the City Clerk's Office at (310) 524-2308 to make an accommodation request or to obtain a copy of the policy. 1 Page 1 of 26 CALL TO ORDER/ROLL CALL PUBLIC COMMUNICATION — (Related to City Business Only — 5-minute limit per person, 30-minute limit total) Individuals who have received value of $50 or more to communicate to the Senior Citizen Housing Corporation Board on behalf of another, and employees speaking on behalf of their employer, must so identify themselves prior to addressing the Senior Citizen Housing Corporation Board. Failure to do so shall be a misdemeanor and punishable by a fine of $250. While all comments are welcome, the Brown Act does not allow action on any item not on the agenda. A. CONSENT 1. Approval of Meeting Minutes Recommendation - 1. Approve the Senior Citizen Housing Corporation Minutes from February 26, 2025 2. Alternatively, discuss and take other action related to this item. B. UNFINISHED BUSINESS C. NEW BUSINESS 2. President's Report Recommendation - 1. Receive and file reports regarding correspondence, meetings, and business related to Park Vista. 2. Alternatively, discuss and take other action related to this item. 3. Financial Statements and LAIF (Local Agency Investment Fund) Recommendation - 1. Receive and file the status of reports including, but not limited to, statements, invoices, and finances for February 2025. 2. Receive and file the LAIF investment fund and transfer between accounts. 3. Alternatively, discuss and take other action related to this item. 2 Page 2 of 26 D. REPORTS - COMMUNITY DEVELOPMENT DEPARTMENT 4. UDcomina Events Recommendation - 1. Receive and file the updates about upcoming events at the Joslyn Center and citywide. E. REPORTS — SENIOR CITIZENS HOUSING BOARD A General Report From Individual Board Members F. REPORTS — MANAGEMENT (CADMAN GROUP) /_11111911107 ILVi14ki111 POSTED: El Segundo Library, Joslyn Center, and Park Visa DATE: March 20, 2025 TIME: 5:00 PM BY: Julie Todd, Ryan Delgado, Neil Cadman NEXT MEETING: Wednesday, April 23, 2025 3 Page 3 of 26 MINUTES OF THE MEETING El Segundo Senior Citizen Housing Board Corporation Wednesday, February 26, 2025 Park Vista Senior Housing 615 E. Holly Avenue, El Segundo, CA 90245 CALL TO ORDER: The meeting was called to order at 3:30 p.m. by Board Paul Lanyi. ROLL CALL Members Present: Paul Lanyi Tim Whelan Denise Fessenbecker Julia Newman Paula Rotolo Absent: Julia Newman Paula Rotolo Others: Neil Cadman Michael Allen Venus Wesson Agnes Ho Paul Chung PUBLIC COMMUNICATION. (Suggestion Box Comments) • Resident #315 submitted a letter dated February 26, 2025, expressing concerns about the 14 vacancies at the low-income rate over the past three years, all of which have been rented out at the higher rental rate. They believe that these 14 vacancies have been filled at the current rate and should cover the cost increase. • Resident #007 expressed concerns about rental increases over the past three years and requested to keep the rate at the 2010 level. • An inquiry was made about receiving meeting minutes. Paul stated that minutes are posted with the packets and online. Neil stated that they are also posted at the check-out. A. CONSENT 1. APPROVAL OF MEETING MINUTES Denise Fessenbecker motion and Tim Whelan second, to approve the January 22, 2025, Meeting Minutes. The motion passed 3-0. B. UNFINISHED BUSINESS None. C. NEW BUSINESS 2. President's Report (Paul Lanyi) • Paul addressed the public comments on keeping rents at the 2020 annual ceiling. He stated that, as a board, they instruct the Cadman Group to set the new rent at 60% of the current market rate. • Paul stated that in the past, the board did not increase rent for two years, but the drastic changes applied to new tenants, while for current tenants, the increase has been no more Page 4 of 26 than 2%. • Paul addressed the 14 vacancies designated as low-income rentals set aside at a lower rate. Resident #315 clarified that the statement referred to rent was at lower rate during that time period. Receive and file: Motion carried 3-0 3. Preliminary Annual Senior Citizen Housing Corporation Board Presentation (Paul Lanyi) • Paul provided an overview of his presentation to the board for any change. He is planning to present to the City Council on March 18, 2025. • Tim inquired about the rental increase included in the projections year to year. Paul Chung responded that increasing rent per current resident 2% rent and 2% parking increase. Receive and file: Motion carried 3-0 4. Financial Statements and LAIF (Local Agency Investment Fund). (Neil Cadman) No comments. Receive and file: Motion carried 3-0 5. 2024 Financial Audit Scope of Service. (Neil Cadman) • Neil stated that he reviewed the report and that he needs Paul Lanyi to sign. Denise Fessbecker motion and Tim Whelan second, to approve 2024 Financial Audit Scope of Service and signed by Paul Lanyi. The motion passed 3-0 D. REPORTS — COMMUNITY DEVELOPMENT DEPARTMENT 6. Upcoming Events (Diego Zavala) None. E. REPORTS — SENIOR CITIZENS HOUSING BOARD None. F. REPORTS — MANAGEMENT (CADMAN GROUP) • Tenant Meeting El Segundo Fire Department to install ADD device throughout Park Vista sometime mid -March. There would be two meetings to provide training and explain to the tenants that they are covered by law. A stolen bicycle from the interior parking was caught on camera. Letter from the El Segundo miscalculated use of water on multi -family building, Park Vista is receiving a $33,000 credit that we would see in the budget. ADJOURNMENT: 4:11 PM NEXT MEETING: Wednesday, March 26, 2025 Page 5 of 26 r� CADMAN ROUP PARK VISTA Financial Reporting Analysis February 2025 Gross Income: $98,475.40 Gross Expenses: $53,384.24 Expenses for the month were normal except for the following: • Maintenance of $12,365.57. Normal operations with one smaller vacancy preparation expense. • Water bills of $10,650.21 in February. • Bank interest of $7,385.53 reported by the City for February. Very, VERY odd.... Net Income: $45,091.16 Total Account Balances: $2,361,996.36 NOTE: THIS DOCUMENT IS A SUMMARYAND ANALYSIS ONLY OF THE MONTHLY FINANCIAL STATEMENTS FOR PARK VISTA. THEYARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR PARK VISTA. Page 6 of 26 Total number of vacancies for the month: 99% occupied on 2/1/2025 99% occupied on 2/28/2025 Move -outs: 1 Move -ins: 0 Notices to Vacate: 1 Budget Comparison Notes: Operations: Operations for the month performed $35,584.25 over budget for February, $79,893.59 over budget YTD. Income • Income for the month of February $12,524.68 over budget for February, $22,979.49 over budget YTD. Expenses: • Overall expenses for February $23,059.57 under budget, $56,914.10 under budget YTD. • Maintenance $12,217.77 under budget for February, $29,161.20 under budget YTD. • Electricity under budget for February by $416.12, and $541.84 under budget YTD. • Gas under budget by $1,664.46 for February and $262.27 under budget YTD. • Cable Television under budget by $269.87 for February, $368.58 under budget YTD. • Water performing $1,650.21 over budget YTD. • No telephone bills received for the 2"1 month in a row. This might be an accounting issue as the phones are now Spectrum so we may not be segregating the bills from cable to phone. I will keep the Board posted. • Elevator service over budget by $4,182.90 due to the final payment of the new flooring. NOTE: THIS DOCUMENT IS A SUMMARYAND ANALYSIS ONLY OF THE MONTHLY FINANCIAL STATEMENTS FOR PARK VISTA. THEYARE NOT PART OF THE ACTUAL FINANCIAL STATEMENTS FOR PARK VISTA. Page 7 of 26 EL SEGUNDO SENIOR CITIZENS HOUSING DEVELOPMENT CORPORATION 350 MAIN STREET, EL SEGUNDO, CA 90245 March 19, 2025 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: Q3-2024 February-25 Original Beginning balance at December 31, 2024 $ 2,108,116.49 Accrued: Interest (Posted quarterly) $ 15,532.10 Add: Deposits Transfer in 2/13/2025 $ 49,647.14 Less: Withdrawals As of TOTAL IN LAIF/CAMP - G/L# 504-101-0000-0004: 2/28/2025 $ 2,173,295.73 Accrued Interest (posted quarterly by the 15th day following quarter ): Interest Earned January @ 4.550% Actual CAMP for 31 days 8,146.57 Interest Earned February @ 4.510% Actual CAMP for 28 days 7,385.53 Interest Earned March @ Actual CAMP for 31 days - Accrued Interest quarter to date 15,532.10 Interest earned is based on the interest earnings rate the City of El Segundo received from the California Asset Management Program 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 hesitate to give me a call. Sincerely, Pr ti R. Ma4-cc� Dino R. Marsocci Treasury & Customer Services Manager Cc: Paul Chung, Chief Financial Officer Eva Gettler, Accounting Supervisor Michael Allen, Community Development Director Neil Cadman, Facility Management for Park Vista Eduardo Schonborn, Planning Manager Venus Wesson, Sr. Admin Specialist Agnes Ho, Administrative Analyst PACity Treasurer\MEMOS & SIGNATURES\Senior Housing Reports\2025\SENIOR HOUSING REPORT 2025.x1s Page 8 of 26 Income Statement Cadman Group Properties: Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 Owned By: El Segundo Senior Citizens Housing Corporation As of: Feb 2025 Accounting Basis: Cash Level of Detail: Detail View Include Zero Balance GL Accounts: No Account Name Selected Month % of Selected Month Year to Month End % of Year to Month End Operating Income & Expense Income RENT Rent Income 85,367.00 93.72 171,180.00 95.04 Parking Income 1,661.13 1.82 3,325.39 1.85 Total RENT 87,028.13 95.54 174,505.39 96.89 Maintenance Charge 2,089.02 2.29 2,089.02 1.16 (Income Account) Prepayment 1,398.53 1.54 2,421.14 1.34 Laundry Income 574.19 0.63 1,094.32 0.61 Total Operating Income 91,089.87 100.00 180,109.87 100.00 Expense Fire Service 0.00 0.00 510.00 0.28 Maintenance 12,365.57 13.58 20,005.48 11.11 Elevator service 5,432.90 5.96 8,957.90 4.97 Gardening 0.00 0.00 1,783.49 0.99 Management Fees 16,500.00 18.11 33,000.00 18.32 Pest Control 261.80 0.29 858.31 0.48 Electricity 1,667.22 1.83 3,624.84 2.01 Gas 3.21 0.00 3,072.07 1.71 Water 10,650.21 11.69 10,650.21 5.91 Telephone/Internet 0.00 0.00 0.00 0.00 Trash 0.00 0.00 335.83 0.19 Cable/Television 5,980.13 6.57 12,131.42 6.74 Office Supplies 523.20 0.57 885.19 0.49 Advertising & 0.00 0.00 158.78 0.09 Promotion Legal Expenses 0.00 0.00 0.00 0.00 (Expense account) Total Operating 53,384.24 58.61 95,973.52 53.29 Expense NOI - Net Operating 37,705.63 41.39 84,136.35 46.71 Income Other Income & Expense Other Income Interest on Bank 7,385.53 8.11 15,532.10 8.62 Accounts Total Other Income 7,385.53 8.11 15,532.10 8.62 Created on 03/20/2025 Pag�iWdf 26 Income Statement Account Name Net Other Income Total Income Total Expense Net Income Selected Month 7,385.53 98,475.40 53,384.24 % of Selected Month 8.11 108.11 58.61 Year to Month End % of Year to Month End 15,532.10 8.62 195,641.97 108.62 95,973.52 53.29 45,091.16 49.50 99,668.45 55.34 Created on 03/20/2025 PagePTIF& 26 Balance Sheet Properties: Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 As of: 02/28/2025 Accounting Basis: Cash Include Zero Balance GL Accounts: No Account Name ASSETS Cash Cash in Bank Park Vista Reserve Account - LAIF Total Cash Tenant Account Receivable Building Improvements Equipment Furnishings Personal Property Accumulated Depreciation TOTAL ASSETS Balance 188,700.63 2,173,295.73 2,361,996.36 100.00 1,031,873.00 149,355.00 153,863.00 -0.05 -850,766.00 2,846,421.31 LIABILITIES & CAPITAL Liabilities Security Deposit Interest -530.00 Pet Deposit 4,325.00 Key Deposit 1,800.00 Security Deposit 78,257.00 Passthrough Cash Account -946.00 Accounts Payable 30,698.00 Total Liabilities 113,604.00 Capital Owner Contribution 35,996.00 Owner Distribution -35,996.00 Retained Earnings 118,794.95 Prior Years Retained Earnings 12,696.00 Calculated Retained Earnings 99,668.45 Calculated Prior Years Retained Earnings 2,501,657.91 Total Capital 2,732,817.31 TOTAL LIABILITIES & CAPITAL 2,846,421.31 Created on 03/20/2025 PagePlgedf 26 Bill Detail Properties: Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 Payees: All Payment Type: All Created By: All GL Accounts: All Bill Status: All Date Type: Bill Date Date Range: 02/01/2025 to 02/28/2025 Show Reversed Transactions: No Project: All Reference Bill Date Due Date GL Account Property Unit 2120 - Passthrough Cash Account 02/12/2025 02/12/2025 2120 - Park Vista - 412 Passthrough 615 E. Holly Cash Avenue El Account Segundo, CA 90245 4100 - Rent Income 02/05/2025 02/05/2025 4100 - Rent Park Vista - 307 Income 615 E. Holly Avenue El Segundo, CA 90245 6210 - Maintenance 9233849520 02/03/2025 02/03/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267165 02/03/2025 02/03/2025 6210 - Park Vista - 216 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 342844 02/03/2025 02/03/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233984412 02/06/2025 02/06/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Payee Name Vilches, Grace Gutierrez, Theresa V. HD Supply Montalvo, Uriel Montalvo, Uriel HD Supply Paid Unpaid Check # Paid Date Description Work Order Issue 270.00 1,011.21 0.00 5820 02/13/2025 Grace Vilches, Park Vista - 412: Move Out Refund 0.00 5817 02/05/2025 34.48 0.00 5818 02/06/2025 Gloves - Maintenance Supplies. 95.00 0.00 6955-A090 02/19/2025 Wall heater inspection. 95.00 81.76 0.00 6955-A090 02/19/2025 Repaired toilet handle. 0.00 5819 02/12/2025 Maintenance supplies for the building. Created on 03/20/2025 PagePt2eaf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit Segundo, CA 90245 267190 02/06/2025 02/06/2025 6210 - Park Vista - 319 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267188 02/06/2025 02/06/2025 6210 - Park Vista - 319 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986213 02/07/2025 02/07/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986214 02/07/2025 02/07/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986215 02/07/2025 02/07/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986216 02/07/2025 02/07/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986217 02/07/2025 02/07/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986218 02/07/2025 02/07/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233986219 02/07/2025 02/07/2025 6210 - Park Vista - Created on 03/20/2025 Payee Name Montalvo, Uriel Paid Unpaid Check # Paid Date Description Work Order Issue 250.00 Montalvo, 250.00 Uriel HD Supply 13.70 HD Supply 40.02 HD Supply 1,898.61 HD Supply 120.44 HD Supply 142.34 HD Supply 49.38 HD Supply 57.96 0.00 6955-A090 02/19/2025 Repaired electrical wiring for bathroom heater and exhaust fan to work again. 0.00 2E9F-E140 02/24/2025 Repaired Other front Maintenance entrance - Not Listed door ramp. 0.00 5819 02/12/2025 Janitor - Cleaning supplies. 0.00 5819 02/12/2025 Maintenance supplies - paint supplies. 0.00 5819 02/12/2025 4412 Vacancy/ Prep- New Gas range and refrigerator. 0.00 5819 02/12/2025 #412 Vacancy/ Prep- New toilet bowl. 0.00 5819 02/12/2025 Vacancy/ Prep #412- New Ceiling Fan 0.00 5819 02/12/2025 #412 Vacancy/ Prep- New toilet seat 0.00 5819 02/12/2025 Maintenance PagePTSedf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit Maintenance 615 E. Holly Avenue El Segundo, CA 90245 251608 02/07/2025 02/07/2025 6210 - Park Vista - 403 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267191 02/07/2025 02/07/2025 6210 - Park Vista - 416 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234078455 02/10/2025 02/10/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234086721 02/10/2025 02/10/2025 6210 - Park Vista - 411 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234122682 02/11/2025 02/11/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 4073 02/11/2025 02/11/2025 6210 - Park Vista - 315 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 4074 02/11/2025 02/11/2025 6210 - Park Vista - 203 Maintenance 615 E. Holly Avenue El Segundo, CA Payee Name Industrial Lock & Security Inc. Montalvo, Uriel HD Supply HD Supply HD Supply OC-LA Appliance Solutions OC-LA Appliance Solutions Work Order Paid Unpaid Check # Paid Date Description Issue supplies for the building. 168.47 0.00 3000000574 02/24/2025 Rekeyed door and new keys, match to master key. 250.00 0.00 2E9F-E140 02/24/2025 Urgent service call; commercial snake used to clear clog between units through bathroom drain line and clean out. 12.69 0.00 5819 02/12/2025 Maintenance supplies - Hair catcher 62.08 0.00 5819 02/12/2025 New shower head. 48.13 0.00 5821 02/14/2025 Maintenance supplies. 250.00 0.00 2EA3-20F0 02/24/2025 Remove old fridge door gasket, replace with new gasket, re -aligned door, left closing properly again. 220.00 0.00 2EA3-20F0 02/24/2025 Removed fridge door and bracket, re -installed Created on 03/20/2025 PageP?4eo3f 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit 90245 48282 02/11/2025 02/11/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 6210 - Park Vista - Created on 03/20/2025 Work Order Payee Name Paid Unpaid Check # Paid Date Description Issue and re- aligned door to leave working properly again. Southbay 68.97 0.00 3000000575 02/24/2025 Maintenance Industrial supplies; Hardware bright white paint. Cadman 118.88 0.00 ACH 02/12/2025 Quill INV Group 42150756 -cleaning supplies Cadman 66.78 0.00 ACH 02/12/2025 Quill INV Group 42526888 -cleaning supplies Cadman 41.60 0.00 ACH 02/12/2025 Quill INV Group 42528901- cleaning supplies Cadman 41.60 0.00 ACH 02/12/2025 Quill INV Group 42528736- cleaning supplies Cadman 152.17 0.00 ACH 02/12/2025 Quill INV Group 42549242- cleaning supplies Cadman 19.26 0.00 ACH 02/12/2025 Quill INV Group 42400125 - cleaning supplies Cadman 15.32 0.00 ACH 02/12/2025 Quill INV Group 42428292 -cleaning supplies Cadman 87.03 0.00 ACH 02/12/2025 Quill INV PageP?Wdf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit Maintenance 615 E. Holly Avenue El Segundo, CA 90245 4079 02/12/2025 02/12/2025 6210 - Park Vista - 216 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234190991 02/13/2025 02/13/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234190992 02/13/2025 02/13/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234190993 02/13/2025 02/13/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267255 02/13/2025 02/13/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267197 02/13/2025 02/13/2025 6210 - Park Vista - 319 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267196 02/13/2025 02/13/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267195 02/13/2025 02/13/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Work Order Payee Name Paid Unpaid Check # Paid Date Description Issue Group 42425846- cleaning supplies OC-LA 220.00 0.00 2EA3-20F0 02/24/2025 Replaced Appliance shorted Solutions wiring for stove's thermostat, left working properly again. HD Supply 31.16 0.00 5821 02/14/2025 New Vertical blinds HD Supply 31.16 0.00 5821 02/14/2025 New Vertical blinds HD Supply 93.05 0.00 5821 02/14/2025 New towel racks Montalvo, 0.00 0.00 Uriel Montalvo, 200.00 0.00 2E9F-E140 02/24/2025 Replaced Uriel kitchen faucet. Montalvo, 180.00 0.00 2E9F-E140 02/24/2025 Replaced (2) Uriel light ballast on 3rd floor and (2) 8" round fluorescent light bulbs. Montalvo, 175.00 0.00 2E9F-E140 02/24/2025 Replaced (2) Uriel walkway light ballast and Created on 03/20/2025 PagePTIF& 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit Payee Name Segundo, CA 90245 Paid Unpaid Check # Paid Date Description Work Order 44819 02/13/2025 02/13/2025 6210 - Park Vista - 424 Total 190.00 Maintenance 615 E. Holly Maintenance Avenue El Group, Inc. Segundo, CA 90245 44820 02/13/2025 02/13/2025 6210 - Park Vista - 327 Total 285.00 Maintenance 615 E. Holly Maintenance Avenue El Group, Inc. Segundo, CA 90245 9234271877 02/18/2025 02/18/2025 6210 - Park Vista - HD Supply 178.24 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234271878 02/18/2025 02/18/2025 6210 - Park Vista - HD Supply 141.26 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234271879 02/18/2025 02/18/2025 6210 - Park Vista - HD Supply 164.87 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234271880 02/18/2025 02/18/2025 6210 - Park Vista - HD Supply 87.56 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234271881 02/18/2025 02/18/2025 6210 - Park Vista - HD Supply 191.60 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267272 02/18/2025 02/18/2025 6210 - Park Vista - 421 Montalvo, 280.00 Maintenance 615 E. Holly Uriel Avenue El Issue (2) 8" round fluorescent light bulbs on 2nd floor. 0.00 2EA4-7220 02/24/2025 Supplied and installed (2) new angle stops to replace old corroded leaking ones in unit. 0.00 2EA4-7220 02/24/2025 Supply and replace (2) angle stop valves in unit. 0.00 5822 02/20/2025 Maintenance supplies; paint for exterior railing. 0.00 5822 02/20/2025 Maintenance supplies; under cabinet range hood for stove. 0.00 5822 02/20/2025 Maintenance supplies; kitchen sink faucet, LED light bulb packs. 0.00 5822 02/20/2025 Maintenance supplies; LED light bulb packs. 0.00 5822 02/20/2025 Maintenance supplies; bathroom sink faucet, kitchen sink faucet. 0.00 2E9F-E140 02/24/2025 Troubleshoot and made repairs to Created on 03/20/2025 PageP?7e6f 26 Bill Detail Work Order Reference Bill Date Due Date GL Account Property Unit Payee Name Paid Unpaid Check # Paid Date Description Issue Segundo, CA outlets in unit 90245 after not working in kitchen. 267262 02/18/2025 02/18/2025 6210 - Park Vista - Montalvo, 250.00 0.00 2E9F-E140 02/24/2025 Snaked main Maintenance 615 E. Holly Uriel line to clear Avenue El back up in Segundo, CA AC room. 90245 CC073554 02/20/2025 03/22/2025 6210 - Park Vista - 412 Carpet 0.00 1,043.84 Vacancy prep Maintenance 615 E. Holly Concepts #412; full Avenue El carpet in Segundo, CA living areas 90245 supplied and installed in studio including new padding, haul away old materials. 267284 02/20/2025 02/20/2025 6210 - Park Vista - 310 Montalvo, 220.00 0.00 2E9F-E140 02/24/2025 Repairs Maintenance 615 E. Holly Uriel made to Avenue El kitchen Segundo, CA countertop 90245 bottom edge, sand primer, and paint as needed after repaired to match. 267282 02/20/2025 02/20/2025 6210 - Park Vista - 327 Montalvo, 150.00 0.00 2E9F-E140 02/24/2025 Repaired low Maintenance 615 E. Holly Uriel water Avenue El pressure for Segundo, CA hot water 90245 shower valve. 267281 02/20/2025 02/20/2025 6210 - Park Vista - 419 Montalvo, 450.00 0.00 2E9F-E140 02/24/2025 Replaced Maintenance 615 E. Holly Uriel kitchen Avenue El faucet and Segundo, CA water supply 90245 lines, replaced bathroom sink faucet, pop out drain and water supply lines. 267279 02/20/2025 02/20/2025 6210 - Park Vista - 419 Montalvo, 570.00 0.00 2E9F-E140 02/24/2025 Replaced (6) Maintenance 615 E. Holly Uriel angle stop Created on 03/20/2025 PageplSedf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit Avenue El Segundo, CA 90245 9234426303 02/24/2025 02/24/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234426304 02/24/2025 02/24/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234426305 02/24/2025 02/24/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 44876 02/24/2025 02/24/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234529159 02/25/2025 02/25/2025 6210 - Park Vista - 411 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233873548 02/26/2025 02/26/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233873549 02/26/2025 02/26/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9233873550 02/26/2025 02/26/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 267286 02/26/2025 02/26/2025 6210 - Park Vista - 505 Maintenance 615 E. Holly Avenue El Segundo, CA Payee Name HD Supply HD Supply HD Supply Total Maintenance Group, Inc. HD Supply HD Supply HD Supply HD Supply Montalvo, Uriel Paid Unpaid Check # 37.22 0.00 5823 262.02 0.00 5823 175.86 0.00 5823 Work Order Paid Date Description Issue valves. 03/10/2025 Maintenance supplies - Light Fixtures. 03/10/2025 Maintenance supplies for the building. 03/10/2025 Maintenance supplies. 175.00 0.00 4BBO-43E0 03/17/2025 Vacancy prep 412; full studio unit cleaning after work done. 173.77 0.00 5823 03/10/2025 Medicine cabinet 86.47 0.00 5823 03/10/2025 Maintenance supplies for the building - Ceiling Texture 179.13 0.00 5823 03/10/2025 Maintenance supplies for the building. 84.25 0.00 5823 03/10/2025 Vacancy/ Prep - Supplies. 250.00 0.00 4BB1-B220 03/17/2025 Replaced smoke and carbon monoxide Created on 03/20/2025 PagePTW& 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit 90245 44777 02/26/2025 02/26/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234639872 02/28/2025 02/28/2025 6210 - Park Vista - Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234639873 02/28/2025 02/28/2025 6210 - Park Vista - 105 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 9234639874 02/28/2025 02/28/2025 6210 - Park Vista - 412 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 342768 02/28/2025 02/28/2025 6210 - Park Vista - 213 Maintenance 615 E. Holly Avenue El Segundo, CA 90245 Work Order Payee Name Paid Unpaid Check # Paid Date Description Issue detector combo alarm in unit. Total 9,014.00 0.00 5978-0570 03/18/2025 Vacancy prep Maintenance #412 studio; Group, Inc. uninstall and remove all hardware for cabeints, prepair, sand, primer and paint after extensive degreasing, paint entire unit walls, closets, balcony, ceiling, supply and install GFCI outlets, switches, coverplates, patio door. HD Supply 105.95 0.00 5823 03/10/2025 Maintenance supplies for the building. HD Supply 147.81 0.00 5823 03/10/2025 New garbage disposal. HD Supply 164.23 0.00 5823 03/10/2025 New garbage disposal. Montalvo, 180.00 0.00 597A-A620 03/18/2025 Snaked Uriel bathtub main drain line. 19,876.28 1,043.84 Created on 03/20/2025 PageF26edf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit 6270 - Management Fees 02/03/2025 02/03/2025 6270 - Park Vista - Management 615 E. Holly Fees Avenue El Segundo, CA 90245 6315 - Pest Control 24278 02/25/2025 02/25/2025 6315 - Pest Park Vista - Control 615 E. Holly Avenue El Segundo, CA 90245 438951 02/25/2025 02/25/2025 6315 - Pest Park Vista - Control 615 E. Holly Avenue El Segundo, CA 90245 6410 - Electricity 700587779325 02/14/2025 02/14/2025 6410 - Park Vista - Electricity 615 E. Holly Avenue El Segundo, CA 90245 700394170456 02/14/2025 02/14/2025 6410 - Park Vista - Electricity 615 E. Holly Avenue El Segundo, CA 90245 6420 - Gas 056 105 02/11/2025 02/11/2025 6420 - Gas Park Vista - 32003 615 E. Holly Avenue El Segundo, CA 90245 075 005 02/11/2025 02/11/2025 6420 - Gas Park Vista - 32978 615 E. Holly Avenue El Segundo, CA 90245 Payee Name Paid Unpaid Check # Paid Date Description Work Order Issue Cadman 16,500.00 0.00 ACH 02/03/2025 Management Group Fees for 02/ 2025 Al & Sons 175.00 0.00 3000000577 02/26/2025 Vermin Termite and service 2/20/ Pest Control 25 Inc. Terminix 86.80 0.00 3000000578 02/26/2025 Monthly Service - February 261.80 0.00 Edison 113.42 0.00 3000000572 02/14/2025 Service 1/10/ 25 - 2/9/25 Edison 1,553.80 0.00 3000000573 02/14/2025 Service 1/10/ 25 - 2/9/25 1,667.22 0.00 SoCalGas 1,721.15 0.00 3000000580 03/10/2025 service 1/4/ 25-2/3/25 SoCalGas 3.21 0.00 3000000569 02/11/2025 service 1/4/ 25-2/3/25 1,724.36 0.00 Created on 03/20/2025 Pagga2l 1Sf 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit 6430 - Water 075-18531-000 02/19/2025 02/19/2025 6430 -Water Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 075-18321-000 02/19/2025 02/19/2025 6430 -Water Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 075-18481-000 02/19/2025 02/19/2025 6430 -Water Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 075-18411-000 02/19/2025 02/19/2025 6430 -Water Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 6455 - Cable/Television 8448 30 006 02/12/2025 02/12/2025 6455 - Cable/ Park Vista - 0391700 Television 615 E. Holly Avenue El Segundo, CA 90245 8448 30 006 02/12/2025 02/12/2025 6455 - Cable/ Park Vista - 0017008 Television 615 E. Holly Avenue El Segundo, CA 90245 8448 30 006 02/18/2025 02/18/2025 6455 - Cable/ Park Vista - 0397049 Television 615 E. Holly Avenue El Segundo, CA 90245 02/19/2025 02/19/2025 6455 - Cable/ Park Vista - Television 615 E. Holly Avenue El Segundo, CA 90245 8448 30 006 02/24/2025 02/24/2025 6455 - Cable/ Park Vista - Created on 03/20/2025 Work Order Payee Name Paid Unpaid Check # Paid Date Description Issue City of El 81.84 0.00 ACH 02/19/2025 Service 11/ Segundo- 14/24 - 1/14/ Water 25 City of El 8,460.22 0.00 ACH 02/19/2025 service 12/ Segundo- 10/24-1/14/ Water 25 City of El 2,026.31 0.00 ACH 02/19/2025 Service 11/ Segundo- 14/24-1/14/ Water 25 City of El 81.84 0.00 ACH 02/19/2025 Service 11/ Segundo- 14/24-1/14/ Water 25 10,650.21 0.00 Spectrum 17.26 0.00 3000000570 02/12/2025 Service 1/11/ 25-2/10/25 Spectrum 5,697.33 0.00 3000000571 02/12/2025 8448 30 006 0017008 Spectrum 231.17 0.00 ACH 02/27/2025 service 2/8/ 25-3/7/25 Spectrum 32.19 0.00 ACH 02/20/2025 Office Spectrum 2.18 0.00 3000000576 02/24/2025 service 2/11/ Pagga221& 26 Bill Detail Reference Bill Date Due Date GL Account Property Unit 0391700 Television 615 E. Holly Avenue El Segundo, CA 90245 7420 - Office Supplies 38375 02/12/2025 02/12/2025 7420 - Office Park Vista - Supplies 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 7420 - Office Park Vista - Supplies 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 7420 - Office Park Vista - Supplies 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 7420 - Office Park Vista - Supplies 615 E. Holly Avenue El Segundo, CA 90245 38375 02/12/2025 02/12/2025 7420 - Office Park Vista - Supplies 615 E. Holly Avenue El Segundo, CA 90245 Total Payee Name Cadman Group Cadman Group Cadman Group Cadman Group Cadman Group Paid Unpaid Check # Paid Date Description Work Order Issue 25-3/10/25 5,980.13 0.00 82.11 0.00 ACH 64.28 0.00 ACH 138.57 0.00 ACH 66.73 0.00 ACH 171.51 0.00 ACH 523.20 0.00 58,464.41 1,043.84 02/12/2025 Quill INV 42572169- computer sound bar 02/12/2025 Quill INV 42569488- kitchen supplies 02/12/2025 Quill INV 42374045- kitchen supplies 02/12/2025 Quill INV 42374090- kitchen supplies 02/12/2025 Quill INV 42400288- office supplies Created on 03/20/2025 Pagga2313f 26 Budget - Comparative Properties: Park Vista - 615 E. Holly Avenue El Segundo, CA 90245 Period Range: Feb 2025 to Feb 2025 Comparison Period Range: Feb 2024 to Feb 2024 Additional Account Types: Asset, Cash, Liability, Capital Accounting Basis: Cash Level of Detail: Detail View Account Name Period Actual Period Budget Period $ Variance Period % Variance Income RENT Rent Income 85,367.00 80,325.00 5,042.00 6.28% Parking Income 1,661.13 1,654.44 6.69 0.40% Total RENT 87,028.13 81,979.44 5,048.69 6.16% Maintenance 2,089.02 0.00 2,089.02 - Charge (Income Account) Vacancy 0.00 -4,016.25 4,016.25 100.00% Prepayment 1,398.53 0.00 1,398.53 - Application Fee 0.00 0.00 0.00 0.00% Income Laundry Income 574.19 602.00 -27.81 -4.62% Total Budgeted 91,089.87 78,565.19 12,524.68 15.94% Operating Income Expense Fire Service 0.00 833.34 833.34 100.00% Fire Extinguisher 0.00 83.34 83.34 100.00% Service Maintenance 12,365.57 24,583.34 12,217.77 49.70% Elevator service 5,432.90 1,250.00 -4,182.90 -334.63% Gardening 0.00 1,750.00 1,750.00 100.00% Management 16,500.00 16,500.00 0.00 0.00% Fees Pest Control 261.80 500.00 238.20 47.64% Insurance - 0.00 2,708.34 2,708.34 100.00% Property Earthquake 0.00 7,916.67 7,916.67 100.00% Insurance Licenses and 0.00 50.00 50.00 100.00% Created on 03/20/2025 Comparison Comparison Comparison $ Comparison % Actual Budget Variance Variance 77,589.00 78,690.00 -1,101.00 -1.40% 1,630.09 1,622.00 8.09 0.50% 79,219.09 80,312.00 -1,092.91 -1.36% 0.00 0.00 0.00 0.00% 0.00 -2,916.67 2,916.67 100.00% 924.57 0.00 924.57 - -20.00 0.00 -20.00 - 548.63 860.00 -311.37 -36.21 % 80,672.29 78,255.33 2,416.96 3.09% 30.00 833.34 803.34 96.40% 0.00 0.00 0.00 0.00% 43,014.76 17,500.00 -25,514.76 -145.80% 0.00 1,250.00 1,250.00 100.00% 1,236.59 1,750.00 513.41 29.34% 16,500.00 16,500.00 0.00 0.00% 432.17 500.00 67.83 13.57% 0.00 0.00 0.00 0.00% 0.00 0.00 0.00 0.00% 0.00 50.00 50.00 100.00% PagePNedf 26 Budget - Comparative Account Name Period Actual Period Budget Period $ Variance Period % Variance Permits Electricity 1,667.22 2,083.34 416.12 19.97% Gas 3.21 1,666.67 1,663.46 99.81% Water 10,650.21 4,500.00 -6,150.21 -136.67% Telephone/ 0.00 2,750.00 2,750.00 100.00% Internet Cable/Television 5,980.13 6,250.00 269.87 4.32% Office Supplies 523.20 400.00 -123.20 -30.80% Advertising & 0.00 1,166.67 1,166.67 100.00% Promotion Entertainment 0.00 416.67 416.67 100.00% Legal Expenses 0.00 300.00 300.00 100.00% (Expense account) Bank Service 0.00 6.25 6.25 100.00% Fees Postage 0.00 20.84 20.84 100.00% Professional Fees 0.00 708.34 708.34 100.00% Total Budgeted 53,384.24 76,443.81 23,059.57 30.17% Operating Expense Total Budgeted 91,089.87 78,565.19 12,524.68 15.94% Operating Income Total Budgeted 53,384.24 76,443.81 23,059.57 30.17% Operating Expense NOI - Net 37,705.63 2,121.38 35,584.25 1677.41% Operating Income Other Income Interest on Bank 7,385.53 4,166.67 3,218.86 77.25% Accounts Total Budgeted 7,385.53 4,166.67 3,218.86 77.25% Other Income Net Other Income 7,385.53 4,166.67 3,218.86 77.25% Total Budgeted 98,475.40 82,731.86 15,743.54 19.03% Created on 03/20/2025 Comparison Comparison Comparison $ Comparison % Actual Budget Variance Variance 1,749.26 2,350.00 600.74 25.56% 1,540.32 2,000.00 459.68 22.98% 8,248.32 4,500.00 -3,748.32 -83.30% 199.92 2,750.00 2,550.08 92.73% 3,220.89 6,250.00 3,029.11 48.47% 300.88 400.00 99.12 24.78% 540.00 450.00 -90.00 -20.00% 0.00 0.00 0.00 0.00% 575.00 300.00 -275.00 -91.67% 0.00 6.25 6.25 100.00% 0.00 20.84 20.84 100.00% 0.00 625.00 625.00 100.00% 77,588.11 58,035.43 -19,552.68 -33.69% 80,672.29 78,255.33 2,416.96 3.09% 77,588.11 58,035.43 -19,552.68 -33.69% 3,084.18 20,219.90 -17,135.72 -84.75% 5,395.86 2,500.00 2,895.86 115.83% 5,395.86 2,500.00 2,895.86 115.83% 5,395.86 2,500.00 2,895.86 115.83% 86,068.15 80,755.33 5,312.82 6.58% PageF2'F6f 26 Budget - Comparative Account Name Period Actual Period Budget Period $ Variance Period % Variance Income Total Budgeted 53,384.24 76,443.81 23,059.57 30.17% Expense Net Income 45,091.16 6,288.05 38,803.11 617.09% Cash Cash in Bank -10,946.51 0.00 10,946.51 - Park Vista 57,032.67 0.00 -57,032.67 - Reserve Account - LAIF Total Budgeted 46,086.16 0.00 -46,086.16 - Cash Liability Key Deposit -30.00 0.00 -30.00 - Security Deposit 1,025.00 0.00 1,025.00 - Total Budgeted 995.00 0.00 995.00 - Liability Comparison Comparison Comparison $ Comparison % Actual Budget Variance Variance 77,588.11 58,035.43 -19,552.68 -33.69% 8,480.04 22,719.90 -14,239.86 -62.68% 4,331.18 0.00 -4,331.18 - 5,395.86 0.00 -5,395.86 - 9,727.04 0.00 -9,727.04 - 30.00 0.00 30.00 - 1,217.00 0.00 1,217.00 - 1,247.00 0.00 1,247.00 - Created on 03/20/2025 Pagel`�Se& 26