Annual Meeting of Owners

1

• Annual Meeting of Owners
• January 24, 2012

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Financial Overview
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Income Statement
2011 Bud 2011 Act Var to Bud 2012 Bud
Revenue 3,312,220 3,303,193 (9,027) 3,519,264
Utilities 504,567 500,060 4,507 508,014
Main Contract 139,259 138,119 1,141 162,116
Main Sup Rep 170,071 231,639 (61,568) 200,647
General Admin 205,904 215,018 (9,114) 214,795
Ins and Taxes 101,045 95,387 5,658 101,068
Payroll 1,682,872 1,772,711 (89,839) 1,788,667
Oper Exp 2,803,718 2,952,934 (149,216) 2,975,307
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Income Statement Summary
2011 Bud 2011 Act Var to Bud 2012 Bud
Revenue 3,312,220 3,303,193 (9,027) 3,519,264
Oper Exp 2,803,718 2,952,934 (149,216) 2,975,307
Reserve Trans 496,116 496,116 0 496,116
Total Exp 3,299,834 3,449,050 (149,216) 3,471,423
Income/Loss 12,386 (145,856) (158,242) 47,841
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Maintenance Supplies Repairs

• Safety Fire Protection
• Stairwell Door Seals 5,500
• Trash Chute Fire Dampers 3,155
• Inspection Repairs 8,925
• Elevator Inspections
• 5 Year Load Test 6,580
• Trash Removal
• Dumpster Repairs 1,705
• Compactor Repair 1,949
• Chute Repair 1,950

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Maintenance Supplies Repairs

• Controlled Access
• Office Security Systems 4,711
• Camera Replacements 3,460
• Landscape Replacement
• Heat and Cold Damage 3,100
• Generator Repairs 3,556
• Plumbing Repairs
• Repairs on water system 8,715

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Operating Payroll

• Security Payroll
• Dallas Sheriff Addition 11,520
• 2010 Payroll 6,509
• Under Budgeted 27,272
• Concierge Payroll
• 2010 Payroll 6,155
• Under Budgeted 34,398

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General Administrative

• Legal Expense 7,000
• IT Support 3000

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Operational Cash Analysis

• Total Cash Collection 3,384,524
• Transfer to Reserves -419,103
• Cash Disbursements -2,884,090
• Operational Cash Balance 12/31/2012 81,331

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Reserve Account
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Reserves as of December 31, 2011
2011 Beginning Balance 755,761
Contribution Interest 419,103
Expenses -521,707
Borrowed from Reserves 45,155
Ending Balance Dec 2011 608,002
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Reserve Expenses for 2011
Exterior Maintenance Project 413,974
Reserve Study 3,600
Stairwells and East Tower Lights 25,859
Insurance Claim 57,740
Renovation Plans 6,983
HVAC Replacements 13,551
TOTAL 521,707
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Reserves as of January 23, 2012

• Beginning Balance 01/01/12 608,002
• Contribution Nov Dec 82,686
• Exterior Maintenance Final -79,414
• Current Balance 01/23/12 611,274
• Current Owed to the Reserves 96,965

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Delinquent Accounts
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Delinquent Accounts

• January 24, 2011 29 Accounts 65,761
• January 24, 2012 33 Accounts 60,205

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Delinquent Loses

• 8 Mortgage forclosures in 2011 25,686
• Doubtful accounts in collections 27,000
• Red Rock Collections 12 month rolling 76,000

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Accomplishments/Challenges in 2011
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Caulking before
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Caulking After
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RTC Waterproofing Crew
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Fire and Saftey
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Fire and Saftey
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Freeze of 2011
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LEDs in East Tower Hallways40 to 2 Watts
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Energy Efficient Lighting in Stairwells 50 to 25
Watts
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How Many Work Orders in 2011?

1. 1726
2. 197
3. 7000

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How Many Work Orders in 2011?

• a. 1726 not including PMs

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• b. 197 Move Ins and Outs we have facilitated

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• c. 7000 of packages we process each year

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300

• 1. Number of Pigeons we removed from the garage?

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300

• 1. Number of pigeons we removed from the garage?
• 2. Number of violations we sent for noise
  disturbances?

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300

• 1. Number of pigeons we removed from the garage?
• 2. Number of violations we sent for noise
  disturbances?
• 3. Number of gallons of paint we used last year?

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300

• 1. Number of pigeons we removed from the garage?
• 2. Number of violations we sent for noise
  disturbances?
• 3. Number of gallons of paint we used last year?

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One of our most difficult task?
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Pigeons
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How did we do it?
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Teamwork!
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We are proud to serve you!