Page 35 - South Beach Exchange Management Proposal

Balance Sheet-Commercial
Properties: Mason Square
As of: 03/31/2023
Accounting Basis: Cash
GL Account Map: Commercial
Level of Detail: Detail View
Include Zero Balance GL Accounts: No
Account Name Balance
ASSETS
Cash
Current Assets (Cash):
Cash in Bank - Operating 234,913.17
Total Current Assets (Cash): 234,913.17
Cash in Bank - Operating 2 2,040,225.53
Cash in Bank - Fire Claim 360,289.39
Security Deposit Bank Acct 56,118.03
Total Cash 2,691,546.12
Commercial Assets (Non - Cash):
Tax Escrow 39,500.00
Utility Deposits 800.00
Land 960,612.83
Land Improvements 602,618.52
Buildings 1,060,145.00
Furniture & Fixtures 278,654.00
Building Improvements 249,184.58
Total Commercial Assets (Non - Cash): 3,191,514.93
TOTAL ASSETS 5,883,061.05

LIABILITIES & CAPITAL
Liabilities
Accounts Payable (Commercial):
Prepaid Rent 9,378.44
Tenant Deposits 37,602.33
Mortgage Payable 2,763,898.28
Insurance Advance - Loss of Rent, etc. 2,518,053.84
Total Accounts Payable (Commercial): 5,328,932.89
Total Liabilities 5,328,932.89
Capital
Commercial Capital:
Owner Contribution 14,955.84
Owner Draw -795,105.10
Total Commercial Capital: -780,149.26
Calculated Retained Earnings 66,096.03
Calculated Prior Years Retained Earnings 1,268,181.39
Total Capital 554,128.16
TOTAL LIABILITIES & CAPITAL 5,883,061.05

Created on 04/12/2023 Page 1