The Hive BOT Meeting August 2022

THE HIVE @ TAYTAY RESIDENCES CORP.
BOARD MEETING
For the Month of August 2022
AGENDA OF THE MEETING
A. Call to Order

1. Approval of the Minutes of the Meeting
1.1 Review of Open Issues
2. Building Management Updates

2.1 Occupancy Report
2.2 Compliance Monitoring
2.3 Utility Monitoring
2.4 Building Equipment Downtime
2.5 Complaints Monitoring
2.6 Incident Tracker
2.7Covid-19 Status and Update
2.8 PMO Projects

3. Financial Report
4. Business Matters

4.1 Key Decisions and Approvals
4.2 Other Matters
B. Adjournment
1. Approval of Minutes of the Meeting
1.1 Review of Open Issues
PARTICULARS STATUS REMARKS

3/11; still open;
Contracts OPEN Pending: PMO Contract, Renewal of STP Service Contract, & Insurance for
Compliance Tower C
Tracker 3/16 still open;
Permits and Licenses OPEN Pending: Renewal of FSIC, Renewal DENR – PTO Certificate, Application of
Hazardous Waste ID
Unit Concerns OPEN 10 architectural, 4 plumbing
Tower A and B: Submitted all requirements to BFP

Tower C: Lacking requirements - Certification of testing and commissioning of
Fire Safety Inspection Certificate OPEN
FDAS and AFSS
• Converge – Revised MOA reviewed by Atty. Cesar forwarded to Converge last

September 13, 2022. On going installation for Tower A and B
Internet for The Hive OPEN
• PLDT – Conducted survey on Sept. 13, 2022 for the location of FTTH Service
• Radius – For schedule of Ocular Inspection
The Memo was released to unit owners last September 6, 2022, answering their
Annual General Members Meeting CLOSED
queries on the last AGMM
2. Building Management Updates
2.1 OCCUPANCY REPORT
DEMOGRAPHICS OF RESIDENTS FTM OF AUGUST 2022
100% 3.27% 5.14%
90%
23.36%
80% 30.37% 25.23%
70%
61.68% 25.23%
60% 21.50%
24.30%
50%
40% 16.04%
30%
20% 42.06% 48.13% 20.09%
2.34% 35.36%
10%
15.89%
0%
TOWER A TOWER B TOWER C THE HIVE (A+B+C)
Owner Residing Tenant Absentee Under Developer
Residents TOWER A TOWER B TOWER C THE HIVE (A+B+C)

Owner Residing 90 103 34 227
Tenant 52 46 5 103
Absentee (Vacant Units) 65 54 43 162
Total Accepted Units 207 203 82 492
Under Developer 7 11 132 150
Total Units 214 214 214 642
Total Occupancy Rate 66.36% 69.63% 18.22% 51.40%
TURN OVER STATUS
TURNED-OVER UNITS (CUMULATIVE PER MONTH) NOT YET TURNED-OVER (CUMULATIVE PER MONTH)
SALEAB 2021 2022 2021 2022
TOWER LE
UNITS
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
TOWER 214 209 209 209 210 211 210 210 210 210 210 210 207 207 207 5 5 5 4 3 4 4 4 4 4 4 7 7 7
A
TOWER
B 214 201 202 202 203 203 203 203 203 203 203 205 203 203 203 13 12 12 11 11 11 11 11 11 11 9 11 11 11
TOWER
214 0 0 2 8 4 5 22 25 30 41 53 65 67 82 214 214 212 204 200 195 192 189 184 173 161 149 147 132
C
TOTAL
(A+B+C 642 410 411 413 421 418 418 435 438 443 454 468 475 477 492 232 231 229 219 214 210 207 204 199 188 174 167 165 150
)
100%
3% 5%
90% 23%
80%
70% 62%
60%
50% 97% 95%
40% 77%
30%
20% 38%
10%
0%
TOWER A TOWER B TOWER C TOTAL (A+B+C)
TURNED-OVER UNITS NOT YET TURNED-OVER

ABSENTEE MONITORING
RESIDENT ABSENTEE
PARTICU SALEABLE 2021 2022 2021 2022
LARS UNITS
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG
TOWER
A 214 119 118 118 120 122 121 120 124 134 130 130 138 139 142 94 89 94 94 88 85 90 86 76 80 80 69 68 65
TOWER
214 121 120 124 118 119 124 118 124 131 133 137 147 148 149 81 79 79 96 84 81 85 79 72 70 68 56 55 54
B
TOWER 214 0 0 0 1 4 1 8 10 12 16 25 31 32 39 0 0 0 0 0 0 14 15 18 25 28 34 35 43
C
THE
HIVE 642 240 238 242 239 245 247 246 258 277 279 292 316 319 330 175 168 173 190 172 166 189 180 166 175 176 159 158 162
(A+B+C)
100% Analysis:
90% 27%
80% 31% 33% - With the present condition of take-up of
70% 52% Tower C, we foresee that the absentee
60% will be higher by 20% compared to
50% Towers A and B
40% 73% - Most of the buyers are investors and
30% 69% 67%
residing around Taytay Area
20% 48%
10%
0%
TOWER A TOWER B TOWER C THE HIVE (A+B+C)
RESIDENT ABSENTEE
2.2 COMPLIANCE MONITORING
ITEMS CONTRACTS ACTIVE VALIDITY REMARKS / TAT
Property Management & Maintenance X For MCC Legal Review

1 Contract (MCC)
2 Security (Precise Solution Security Agency) ✔ April 2023
3 Housekeeping (The Cleaning Specialist) ✔ April 2023
4 Pest Control (MAC-J Enterprise) ✔ December 2022
5 Elevator (Hyatt/ The Lift) ✔ December 2022
With Approved Purchase Order; Draft Contract and for approval

6 Generator (PEMCO) ✔ August 31, 2023 TAT : September 30, 2022
PMS facilitated by In-house Maintenance. For acquisition of

7 FDAS X
Service Contractors for 2023 PMS
8 STP (KEN Engineering) X July 2022 With Signed NTP ; subject for renewal of service contract
9 Fire Protection ( UniRoyal) ✔ July 2023
10 Insurance – Tower A, B & Amenity (Marsh) ✔ Dec. 17, 2022 For Tower A, B and Amenities only
Expiration: September 30, 2022. To be included on the existing
11 Insurance – Tower C ( COCOGEN) X policy of Tower A and B and for Board Approval
TOTAL 6/11
2.2 COMPLIANCE MONITORING
ITEMS PARTICULAR FREQUENCY ACTIVE PERMIT VALIDITY TARGET
1 Renewal/Registration of 0605 (2021) Annual ✔ December 31, 2022
2 Renewal of Brgy Clearance (2021) Annual ✔ December 31, 2022
3 Renewal of Bus. Permits (2021) Annual ✔ December 31, 2022
4 Sanitary Permit Annual ✔ January 25, 2023
May 28, 2022 - FSIC for Tower A&B – Complied
5 Fire Safety Inspection Certificate (FSIC) Annual ✔ - FSIC for Tower C - Ongoing compliance
6 Certificate of Operation - PTO Genset Annual ✔ August 2022 For renewal; Payment is on process
7 Certificate of Operation – PTO Elevator ( Tower A&B) Annual ✔ August 2022 For renewal; Payment is on process
Submitted the position paper to DENR together with all the requirements
8 DENR - PTO Genset Annual X last September 8, 2022. Waiting for response of DENR.
TAT: October 31, 2022
9 Self Monitoring Report (SMR) - DENR Quarterly ✔ 4th Qtr 2021 ; 1st, 2nd & 3rdQTR 2022 submitted last Sept. 2022
10 Compliance Monitoring Report (CMR) - DENR Semi-Annually ✔ 1st Half of 2022 submitted last July 2022
X Conducted an online registration and application.
11 Hazardous Waste ID Annual
TAT: September 30, 2022
12 Accredited PCO (DENR) 3 years ✔ July 11, 2025 Certificate of Accreditation COA No. 2022-18590
X Outsourcing for managing head training accredited by DENR for the new
13 Accredited Managing Head One Time appointed managing head
14 Discharge Permit - LLDA Annual ✔ February 2023
15 Accredited PCO (LLDA) One Time ✔ Certificate of Accreditation COA No. 2022-00652
16 Self Monitoring Report (SMR) - LLDA Quarterly ✔ Qtrly. Submission 1st Q and 2nd Q was already submitted last Aug. 2022
TOTAL 13/16
Objective: To ensure that all administrative requirements, statutory permits are being complied to avoid incurring any penalties
2.3 UTILITIES MONITORING
Electricity Consumption Report
Date Tower A Tower B Amenity Total Kwh PHP/KwH Total Cost (PHP) Budget Variance
Jan-22 9,640 2,920 3,081 15,641 11.98 187,420 235,280 47,860
Feb-22 9,560 3,000 3,690 16,250 11.50 186,906 235,280 48,374
Mar-22 8,640 2,640 3,818 15,098 12.15 183,397 235,280 51,883
Apr-22 9,720 3,000 4,498 17,218 12.06 207,677 261,028 53,351
May-22 9,320 3,160 4,310 16,790 12.48 209,596 261,028 51,432
Jun-22 9,640 3,360 4,615 17,615 12.78 225,134 261,028 35,894
Jul-22 9,640 3,160 4,529 17,329 12.81 221,939 261,029 39,090
Aug-22 10,000 3,000 4,576 17,576 12.53 220,142 261,030 40,888
YTD (2022) 76,160 24,240 33,117 133,517 12.30 1,642,212 2,010,983 368,771
AVERAGE fty 2022 16,690 12.29 205,276 251,373 46,096
20,000
18,000
REMARKS:
16,000 4,615
3,239 4,498 4,310 4,529 4,576
2,740
14,000 2,741 3,281 3,081 3,690
3,818 Minimal increase of 1.42%
12,000
10,000
3,160 3,040 3,160 2,920 2,920 3,000
2,640
3,000 3,160 3,360 3,160 3,000 in Electricity consumption
8,000 compared to last month
6,000
10,000 9,480 9,840 9,440 9,640 9,560 8,640 9,720 9,320 9,640 9,640 10,000
4,000
2,000
0
Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
Tower A Tower B Amenity

2.3 UTILITIES MONITORING
Water Consumption Report
5,000
Date Php/cu.m Total Cu.m Total Cost (Water)
4,500
4,000
Jan-22 15.8 2,385 37,697.02 3,500
3,000
Feb-22 15.25 2,472 37,697.02
2,500
Mar-22 14.62 3,652 53,406.31 2,000
1,500
Apr-22 14.95 4,342 64,932.29 1,000
May-22 14.77 3,920 57,906.90 500

0
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
Jun-22 14.81 4,009 59,380.21
Total Cu.m
Jul-22 15.04 4,552 68,459.75
Aug-22 14.99 4,397 65,893.22

REMARKS:
TOTAL 2022 15.03 29,729 445,373 - Minimal decrease of 3.41% attributes to lower frequency
of watering of plants and cleaning pathways due to rainy
AVERAGE fty 2022 3,463 51,837 season.
2.4 Building Equipment Downtime
Issues:
• Due to downtime of 5 out of 14 air-

conditioning unit.
- 2 in clubhouse
- 1 in PMO office
- 2 in Function Hall
EQUIPMENT ISSUES
Impact
Equipment Concern Impact Action Taken Target Closure
Level
- Orient the team on manual
If power loss occurs, genset will not transfer when power
ATS Magnetic Contactor for Replacement High DONE: August 2022
be able to provide power fluctuation occurs
- Done on the PM
CCTV - Check and repair CCTV
- Tower A (22 Operational out of 43) - Proposal Cost is Php14,920
- Tower B (35 Operational out of 43) No record on a specific area in case - With approved purchase
Medium DONE: August 2022
- Amenity (24 Operational out of 24) of emergency Order (Waiting for Cash to
buy CCTV parts)
Various Troubles at FDAS Panel of Tower General alarm will have to be manual - Ongoing troubleshooting of
A and B activated in case of fire the alarms
- Some alarms are located at
Medium absentee units October 15, 2022
- In line with FDAS PM
- Canvass of Bids for
checking and approval
None since there are still 3 pumps for -

Water Pump #3 is currently down Medium Ongoing Vendor Sourcing October 31, 2022
backup
Aircon PMO Office -
No comfort cooling Low On going approval of PO September 30, 2022
1 out 3 is not cooling
Aircon Function Hall: 2 out 6 is not

functioning - 4/6 already working
No comfort cooling Low - September 30, 2022
Aircon Clubhouse: 2 out 2 is not On going approval of PO
functioning
2.5 COMPLAINTS MONITORING
Date Received by
Unit Unit Concern
Admin
Action taken TAT / Dependency
Tower A
Plumbing
1016 June 4, 2022 Declogging of sanitary pipe DONE (Aug. 20)
- Clogged Kitchen sink pipe
Plumbing
318 July 8, 2022 Done on leak repair; for repainting DONE (July 29)
- CR Ceiling Leak
Exterior Leak
Done on leak repair; for repainting, will schedule it
919 - Wall and ceiling cracks, external April 22, 2022 Sept 23, 2022
after finishing major bathroom repairs
wall leak
Administrative
1210 May 25, 2022 For approval of BOT Approval
-Air BNB
Architectural September 16,
205 July 4, 2022 For Repainting
- Bubbled ceiling paint 2022
Architectural June 6, 2022
816 Repair on September 10, 2022 Sept 23, 2022
- Bubbled wall paint
For Unit Owners
Plumbing
217 July 20, 2022 Ongoing testing, dependent on unit 317 Availability
- CR Ceiling Leak
Done on repair, leak test inspection on 2nd week of

103 CR Ceiling Leak August 8, 2022 Sept 16, 2023
September
For Unit
618 Precast Wall Leak August 9, 2022 Inspection; Will repair after bathroom leak repair Owners Availability
701 Balcony Leak August 23, 2022 Inspection Sept 23, 2022
Date Received by
Unit Unit Concern
Admin
Action taken TAT / Dependency
Tower B
316 Balcony Ceiling Leak August 8, 2022 Leak is repaired DONE (Aug 16)
Exterior Leak
314 August 24, 2022 Leak is repaired DONE (Aug 24)
- AC outlet Leak
Plumbing Tile chipping and waterproofing; ready for leak
509 March 7, 2022 Sept 23, 2022
- Repair of CR Ceiling testing
Plumbing Leak is repaired, will proceed on the restoration of

717 March 10, 2022 Sept 30, 2022
- Leak at CR Ceiling from 815B ceiling on 3rd week of September
Architectural For Unit

815 June 9, 2022 For schedule of inspection
- Floor Moisture Owners Availability

502 June 29, 2022 Sept 30, 2022
- Bathroom Ceiling Leak ceiling on 3rd week of September

601 July 20, 2022 Sept 16, 2022
- Bathroom Ceiling Leak ceiling on 2nd week of September
For Unit
116 Precast Wall Leak August 5, 2022 Inspection; Will repair after bathroom leak repair Owners Availability
For Unit
403 Precast Wall Leak August 16, 2022 Inspection; Will repair after bathroom leak repair
Owners Availability
910 Water Leak stains August 31, 2022 For repainting Sept 30, 2022
1010 Wall Crack and Balcony Leak September 3, 2022 Leak is repaired; for repainting Sept 23, 2022
117 Wall Moisture September 5, 2022 Inspection TBD
Date
TAT /
Receive
Unit Unit Concern Action taken Depende
d by
ncy
Admin
Tower C
For BOT Approval
Accounting
Drying Cage - 387/month
- Drying Cage for May 25,
315 for 2 months (775.78 TBD
exclusion for the 2022
pesos)
Monthly Dues
Risk other residents might
ask for recon
August DONE
119C Precast Wall Leak Inspection (warranty works)
31, 2022 (Sept 10)
TOTAL BILLED FOR DRYING CAGE PRIOR TO USAGE
2.6 Incident Tracker
Date Type of Incident Concern Action Taken Status
June 14, 2022 Alleged Theft at Parking • Alleged theft with missing 1. Troubleshoot DVR and 1. Release check with an
slot # 41 motorcycle Jacket with gears damaged CCTV amount of Php 20,000
amounting to Php 10,000.00 and 2. Requested Security 2. Repaired CCTVs
missing hood, engine lock. Agency to provide 3. Sent Letter to Unit
• CCTV were not able to explanation and Owner
record due to damaged DVR replacement of security
personnel DONE; September 10, 2022
3. Endorse the incident to
Insurance for possible
claim
June 27, 2022 Earthquake • Tower A 1. Informed insurance 1. Inspection done last
- 3 minor cracks provider September 6, 2022
- 1 possible Major crack at 3rd floor 2. Asked for a proposal from 2. Waiting for the
Fire Exit structural consultant to inspection report
• Tower B assess the property
- 2 minor cracks
August 23, Fire Incident - Fire incident at Tower A. Unit 1. Penalized the Unit Owner 1. DONE: August 23, 2022
2022 701A reported that Unit 801A, 2. Settled the complainee and
Unit above her, was burning dried complainant
leaves and paper at the Balcony 3. Send memo to the Unit
Owner and the residents to
reiterate House rules
2.7 Covid-19 Status and Updates
Particulars As of August 31, 2022
ACTIVE CASE/S 0
TOTAL RECOVERIES 35
TOTAL FATALITY 0
TOTAL RECORDED CASES SINCE 2020 35

2.8 PMO Projects
Description Details Status Target Date
Proposal for
LLDA Requirement to upgrade STP discharge
DAO 2016-08 Approved, For Funding December 2022
parameters to DAO 2016-08 parameter guidelines.
STP Upgrade
Revised MOA reviewed by Atty. Cesar

forwarded to Converge last September
Converge Installation of Internet for Tower A, B & C TAT: October 2022
13, 2022. On going installation for
Tower A and B
Internet for the

Hive Conducted survey on Sept. 13, 2022
PLDT – Proposal of Internet for Tower A, B & C N/A
for the location of FTTH Service
Schedule of Site survey and for

Radius – Proposal of Internet for Tower A, B & C N/A
preparation of plans and Layouts
3. Financial Report
MONTHLY COLLECTION EFFICIENCY – OVERALL (TOWERS A B C)
AS OF AUGUST 31, 2022
BILLED COLLECTED
PER APPLICABLE MONTH
DEVELOPER UNIT OWNER TOTAL AMOUNT COLL EFF
2020 & PRIOR 1,311,586 2,697,836 4,009,422 1,647,105 41.08%
YEAR 2021 1,945,359 18,238,067 20,183,425 16,655,809 82.52%
2022 JANUARY 1,027,426 3,681,123 4,708,548 2,911,565 61.84%
2022 FEBRUARY 666,109 1,456,354 2,122,463 1,283,083 60.45%
2022 MARCH 651,995 1,469,447 2,121,442 1,272,790 60.00%
2022 APRIL 636,844 1,489,380 2,126,225 1,273,263 59.88%
2022 MAY 616,814 1,512,040 2,128,854 1,270,030 59.66%
2022 JUNE 558,256 1,566,989 2,125,246 1,263,945 59.47%
2022 JULY 529,184 1,603,546 2,132,729 1,185,282 55.58%
2022 AUGUST 504,161 1,627,319 2,131,481 944,450 44.31%
AVERAGE 8,447,735 35,342,100 43,789,834 29,707,322 67.84%
MONTHLY COLLECTION EFFICIENCY – ASSOCIATION DUES (TOWERS A B C)
BILLED COLLECTED
2020 & PRIOR 1,195,021 2,214,755 3,409,775 1,282,727 37.62%
YEAR 2021 1,791,317 15,604,745 17,396,062 14,237,957 81.85%
2022 JANUARY 646,865 1,351,201 1,998,066 1,202,961 60.21%
2022 FEBRUARY 635,396 1,362,669 1,998,066 1,197,620 59.94%
2022 MARCH 621,946 1,376,119 1,998,066 1,190,476 59.58%
2022 APRIL 606,056 1,392,009 1,998,066 1,185,786 59.35%
2022 MAY 582,523 1,415,543 1,998,066 1,185,771 59.35%
2022 JUNE 528,345 1,469,720 1,998,066 1,182,040 59.16%
2022 JULY 495,718 1,502,347 1,998,066 1,109,096 55.51%
2022 AUGUST 473,219 1,524,846 1,998,066 885,817 44.33%
AVERAGE 7,576,407 29,213,955 36,790,362 24,660,250 67.03%
MONTHLY COLLECTION EFFICIENCY – PARKING DUES (TOWERS A B C)
BILLED COLLECTED
2020 & PRIOR 14,188 89,888 104,075 59,183 56.87%
YEAR 2021 57,656 618,666 676,322 575,334 85.07%
2022 JANUARY 30,334 51,963 82,297 46,811 56.88%
2022 FEBRUARY 30,334 52,104 82,438 45,923 55.71%
2022 MARCH 29,896 52,838 82,735 46,220 55.87%
2022 APRIL 29,896 52,838 82,735 46,220 55.87%
2022 MAY 29,896 53,276 83,172 46,025 55.34%
2022 JUNE 29,896 53,641 83,537 45,514 54.48%
2022 JULY 29,763 54,429 84,192 42,649 50.66%
2022 AUGUST 28,943 55,249 84,192 34,253 40.68%
AVERAGE 310,801 1,134,892 1,445,694 988,132 68.35%
MONTHLY COLLECTION EFFICIENCY – WATER (TOWERS A B C)
BILLED COLLECTED
2020 & PRIOR 5,344 50,733 56,077 36,632 65.32%
YEAR 2021 7,420 496,804 504,224 484,060 96.00%
2022 JANUARY 417 41,011 41,428 39,230 94.69%
2022 FEBRUARY 379 41,580 41,960 39,540 94.23%
2022 MARCH 153 40,489 40,641 36,094 88.81%
2022 APRIL 892 44,533 45,424 41,257 90.83%
2022 MAY 4,395 43,221 47,616 38,235 80.30%
2022 JUNE 15 43,628 43,643 36,391 83.38%
2022 JULY 3,703 46,769 50,472 33,537 66.45%
2022 AUGUST 1,999 47,224 49,223 24,380 49.53%
AVERAGE 24,716 895,992 920,708 809,356 87.91%
MONTHLY COLLECTION EFFICIENCY – REAL PROPERTY TAX (TOWERS A B C)
BILLED COLLECTED
2020 97,034 342,461 439,495 268,564 61.11%
2021 88,965 1,517,853 1,606,818 1,358,457 84.54%
2022 349,810 2,236,948 2,586,758 1,622,564 62.73%
AVERAGE 535,810 4,097,261 4,633,071 3,249,585 70.14%
SUMMARY OF COLLECTION EFFICIENCY AND TARGET COLLECTION
Actual Target Should be

Collection Lag
Accounts Period Billed Amount YTD Collection Collection Collection Collection In
(Gains)
Efficiency Efficiency Peso Value
ARREARS 2020 3,409,775 1,282,727 38% 100% 3,409,775.16 2,127,048
Association Dues ARREARS 2021 17,396,062 14,237,957 82% 90% 15,656,456 1,418,499
YTD 2022 15,984,525 9,139,566 57% 90% 14,386,073 5,246,506
ARREARS 2020 104,075 59,183 57% 100% 104,075 44,893
Parking Dues ARREARS 2021 676,322 575,334 85% 90% 608,690 33,355
YTD 2022 665,297 353,615 53% 90% 598,767 245,152
ARREARS 2020 56,077 36,632 65% 100% 56,077 19,445
Water Utilities ARREARS 2021 504,224 484,060 96% 90% 453,801 (30,259)
YTD 2022 360,407 288,664 80% 90% 324,367 35,703
ARREARS 2020 439,495 268,564 61% 100% 439,495 170,931
RPT ARREARS 2021 1,606,818 1,358,457 85% 90% 1,446,136 87,679
YTD 2022 2,586,758 1,622,564 63% 90% 2,328,082.18 705,519
Insurance ARREARS 2020 125,967 83,505 66% 100% 125,967 42,462
Total Accounts Receivables 43,915,801 29,790,827 67.84% 91% 39,937,760 10,146,933
The Hive @Taytay Residences Corp.
AGING OF ACCOUNTS RECEIVABLES
As of August 31, 2022
(1-30 Days) (31-60 Days) (61-90 Days) (91-120 Days) (121-180 Days) (181-365 Days) (Over 366 Days)
TOWER A B C PENALTY Total
CURRENT OVERDUE OVERDUE OVERDUE OVERDUE OVERDUE OVERDUE
Unit Owners Account 682,869 418,264 303,044 242,009 216,117 1,710,957 2,081,744 1,996,761 7,651,766
Association Dues 639,029 393,251 287,681 229,772 206,223 1,044,232 1,753,518 1,996,761 6,550,466
Parking Dues 20,996 11,780 8,126 7,251 6,619 35,219 56,769 - 146,760
Water 22,844 13,233 7,237 4,986 3,275 17,123 17,938 - 86,636
RPT Bldg - - - - - 436,285 207,287 - 643,572
RPT Land - - - - - 101,087 26,005 - 127,092
RPT Machinery - - - - - 77,012 - - 77,012
Insurance - - - - - - 20,228 - 20,228
Developer Account 504,161 529,184 558,256 616,814 636,844 3,696,040 1,928,670 - 8,469,969
Association Dues 473,219 495,718 528,345 582,523 606,056 3,197,797 1,692,748 - 7,576,407
Parking Dues 28,943 29,763 29,896 29,896 29,896 143,491 18,917 - 310,801
Water 1,999 3,703 15 4,395 892 4,942 8,771 - 24,716
RPT Bldg - - - - - 67,214 172,009 - 239,223
RPT Land - - - - - 271,399 13,990 - 285,390
RPT Machinery - - - - - 11,197 - - 11,197
Insurance - - - - - - 22,235 - 22,235
TOTAL 1,187,031 947,448 861,300 858,824 852,961 5,406,997 4,010,414 1,996,761 16,121,735
TOWER A PENALTY Total
Unit Owners Account 325,570 182,547 145,215 108,793 93,642 704,040 987,720 1,057,629 3,605,156
Association Dues 303,230 171,703 138,179 103,085 90,004 461,241 851,486 1,057,629 3,176,557
Parking Dues 10,496 4,342 3,314 3,314 2,244 12,749 34,767 - 71,225
Water 11,844 6,501 3,722 2,394 1,395 7,769 9,695 - 43,320
RPT Bldg - - - - - 138,479 67,542 - 206,021
RPT Land - - - - - 46,156 12,899 - 59,056
RPT Machinery - - - - - 37,647 - - 37,647
Insurance - - - - - - 11,330 - 11,330
Developer Account 16,315 16,502 15,909 20,021 16,786 144,548 735,830 - 965,911
Association Dues 15,318 15,318 15,318 15,318 15,318 117,456 676,171 - 870,217
Parking Dues 591 591 591 591 591 4,138 18,917 - 26,011
Water 406 592 - 4,111 877 2,997 4,440 - 13,424
RPT Bldg - - - - - 12,300 26,065 - 38,364
RPT Land - - - - - 4,262 4,282 - 8,544
RPT Machinery - - - - - 3,396 - - 3,396
Insurance - - - - - - 5,954 - 5,954
TOTAL 341,885 199,048 161,124 128,814 110,428 848,588 1,723,550 1,057,629 4,571,066
TOWER B PENALTY Total
Unit Owners Account 321,209 224,148 154,650 133,171 122,402 1,000,555 1,094,024 938,679 3,988,838
Association Dues 300,880 210,365 146,500 126,687 116,219 582,991 902,031 938,679 3,324,352
Parking Dues 10,500 7,438 4,813 3,938 4,375 22,470 22,002 - 75,535
Water 9,829 6,346 3,338 2,547 1,808 9,354 8,243 - 41,464
RPT Bldg - - - - - 297,806 139,744 - 437,550
RPT Land - - - - - 48,568 13,106 - 61,674
RPT Machinery - - - - - 39,366 - - 39,366
Insurance - - - - - - 8,898 - 8,898
Developer Account 31,038 31,243 32,890 39,086 38,817 354,972 1,192,840 - 1,720,887
Association Dues 30,902 30,902 32,875 38,802 38,802 280,272 1,016,577 - 1,469,134
Parking Dues - - - - - - - - -
Water 135 341 15 284 15 1,946 4,330 - 7,065
RPT Bldg - - - - - 54,915 145,944 - 200,859
RPT Land - - - - - 10,039 9,708 - 19,747
RPT Machinery - - - - - 7,801 - - 7,801
Insurance - - - - - - 16,280 - 16,280
TOTAL 352,247 255,391 187,540 172,258 161,219 1,355,527 2,286,865 938,679 5,709,725
TOWER C PENALTY Total
Unit Owners Account 36,090 11,569 3,179 45 73 6,363 - 453 57,772
Association Dues 34,919 11,184 3,002 0 (0) 0 453 49,558
Water 1,171 385 177 45 73 - - 1,852
RPT Land 6,363 6,363
Developer Account 456,808 481,439 509,457 557,707 581,241 3,196,519 - - 5,783,172
Association Dues 426,999 449,498 480,152 528,402 551,936 2,800,069 - 5,237,056
Parking Dues 28,352 29,172 29,305 29,305 29,305 139,352 284,791
Water 1,458 2,769 - - - - - 4,227
RPT Land 257,098 257,098
TOTAL 492,899 493,008 512,637 557,752 581,314 3,202,882 - 453 5,840,944
DEMOGRAPHICS OF ACCOUNTS RECEIVABLES – TOWER A & B AS OF AUGUST 31, 2022
ACCOUNT No. of Units % Amounts %
TURNOVER 415 97% 7,608,757 74%
NOT YET TURNOVER 13 3% 2,672,035 26%
TOTAL 428 100% 10,280,791 100%
No. of
ACCOUNT OCCUPANCY STATUS % Amounts %
Units
TURNOVER OWNER - OCCUPIED 185 43% 1,351,464 13%
TURNOVER TENANT - OCCUPIED 88 21% 749,198 7%
TURNOVER ABSENTEE 142 33% 5,508,095 54%
NOT YET TURNOVER DEVELOPER 13 3% 2,672,035 26%
TOTAL 428 100% 10,280,791 100%
TURNOVER UNITS
ACCOUNTS OWNER - OCCUPIED STATUS TENANT - OCCUPIED STATUS ABSENTEE STATUS TOTAL
RECEIVABLES No. of No. of No. of
MONITORING No. of Units % Amounts % % Amounts % % Amounts % % Amounts %
Units Units Units
FULLY PAID 99 54% 0 0% 29 33% 0 0% 40 28% (0) 0% 168 40% 0 0%
CURRENT 37 20% 159,030 12% 34 39% 107,146 14% 38 27% 129,873 2% 109 26% 396,048 5%
1ST NOTICE 18 10% 203,176 15% 11 13% 70,838 9% 11 8% 78,139 1% 40 10% 352,154 5%
2ND NOTICE 23 12% 467,727 35% 5 6% 95,906 13% 16 11% 800,774 15% 44 11% 1,364,407 18%
DISCONNECTED 2 1% 182,249 13% 0 0% - 0% 24 17% 3,591,396 65% 26 6% 3,773,645 50%
STAGGERED PAYMENT (Reconnected)6 3% 339,280 25% 9 10% 475,309 63% 13 9% 907,913 16% 28 7% 1,722,502 23%
TOTAL 185 100% 1,351,464 100% 88 100% 749,198 100% 142 100% 5,508,095 100% 415 100% 7,608,757 100%
Delinquent Units Status
TOTAL COLLECTED TOTAL ACCOUNT RECEIVABLE ACCOUNT AR ACCOUNT AR

STATUS Tower A Collected Tower B Collected
AMOUNT % AMOUNT % RECEIVABLE % RECEIVABLE %
UPDATED / CURRENT 223,835 13.40% 38,128 2.28% 14 108,946 8,963 1.20% 12 114,889 29,164 3.16%
Payment Scheme 443,741 26.57% 281,746 16.87% 4 310,519 131,330 17.58% 4 133,223 150,416 16.30%
For follow-up / Partial y pay 322,281 19.30% 360,147 21.57% 10 112,548 74,786 10.01% 15 209,732 285,361 30.92%
TOTAL 989,857 59.28% 680,021 40.72% 28 532,013 215,079 28.79% 31 457,844 464,942 50.38%
AR AS OF APRIL 2022 1,669,877.47 747,092.18 922,785.29

PERCENTAGE COLLECTED 59.28% 71.21% 49.62%
CASHFLOW STATEMENT
YTD TO DATE 31-Jan-22 28-Feb-22 31-Mar-22 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22 31-Aug-22
Cash i n Ban k Bal ance - Beg i nn i ng 2,669,956 2,669,956 4,027,187 5,201,812 5,639,023 6,379,535 6,896,755 6,062,714 4,648,269
Ad d : Co l l ecti on 15,681,510 2,575,984 1,747,772 2,103,386 1,532,736 1,920,164 1,780,734 1,905,255 2,115,479
Association Dues 9,406,409 1,125,160 1,023,278 1,145,354 951,092 1,306,357 1,298,567 1,157,793 1,398,808
Parking Dues 340,823 50,184 38,508 32,666 38,047 48,953 43,392 42,732 46,341
Other Inc ome 796,203 140,360 76,041 100,242 71,327 91,382 114,243 115,444 87,165
Move-in / Joining Fee 1,350,993 139,891 40,929 176,843 161,890 196,169 159,046 168,832 307,394
Real Property Tax 1,392,606 534,380 316,353 284,481 96,795 45,863 54,142 31,389 29,203
Insurance 14,967 4,882 3,394 813 1,007 1,635 2,228 - 1,007
Fire Extinguisher 398,404 32,500 13,000 52,000 52,000 65,000 53,904 52,000 78,000
Water 298,423 29,910 37,520 37,103 35,840 45,273 34,921 33,076 44,780
Advances from unit owners 681,758 267,419 40,230 108,523 31,725 36,320 20,292 131,944 45,306
Unidentified Deposits 939,114 251,146 158,322 165,098 52,661 82,862 - 151,799 77,226
Others 61,809 153 197 263 40,351 351 - 20,246 249
Less: Di sb ursements 13,433,448 1,218,753 573,146 1,666,175 792,224 1,402,943 2,614,776 3,319,700 1,845,730
Released Checks - previously approved 13,395,698 1,218,753 573,146 1,666,175 792,224 1,402,943 2,614,776 3,319,700 1,807,980
Service Contractor 9,266,030 825,639 394,443 1,044,494 461,067 947,423 2,058,395 2,430,646 1,103,923
Consumables & Supplies 94,766 - - 35,599 - 59,167 - - -
Repair and Maintenance 818,313 30,228 71,918 71,918 36,394 44,921 - 416,333 146,601
Utilities 2,058,525 264,334 - 442,362 236,803 272,609 267,503 284,514 290,399
Software 132,000 132,000
Administrative Expenses 1,025,653 98,521 106,745 71,750 57,900 78,753 288,820 188,157 135,006
Others - Bank Charges 411 31 39 53 60 70 58 49 50
Released Checks - preapproved & with special approval 37,750 - - - - - - - 37,750
Others / Refund 37,750
Cash i n Ban k Bal ance - End i ng 4,918,018 4,027,187 5,201,812 5,639,023 6,379,535 6,896,755 6,062,714 4,648,269 4,918,018
2,248,062
Less: Ou tstan di ng Chequ e 575,660 1,006,763 473,236 1,349,313 2,372,842 3,032,972 1,274,824 4,365,295
OC issued in 2021 2,554 2,554 2,554 2,554 2,554 2,554 2,554 2,554
OC issued in 2022 573,107 1,004,209 470,682 1,346,759 2,370,289 3,030,418 1,272,270 1,061,570
Accrued Expenses 3,301,171.51
Cash i n Ban k - Bal an ce 3,451,526 4,195,050 5,165,788 5,030,222 4,523,913 3,029,742 3,373,445 552,723
AGING OF ACCOUNT PAYABLE
CURRENT OVER 30 DAYS OVER 60 DAYS OVER 90 DAYS
No. SUPPLIER / CONTRACTOR AMOUNT DUE PERIOD COVERED TOTAL
(1-30 Days) (31-60 Days) (61-90 Days) (91 Days Above)
1 UTILITIES 220,142.37 220,142 0 220,142 0 0
2 AFFORDAINK STORE 5,390.00 5,390 0 0 5,390 0
3 ALLIEDBANKERS INSURANCE CORPORATION106,982.53 106,983 0 0 0 106,983
4 BARANGAY SAN ISIDRO TAYTAY 4,000.00 4,000 4,000 0 0 0
5 HERRERA TEEHANKEE & CABRERA LAW OFFICES134,400.00 134,400 0 89,600 44,800 0
6 HYATT ELEVATORS & ESCALATORS CORPORATION - 0 0 0 0 0
7 KEN ENGINEERING SERVICES 88,392.86 88,393 44,196 44,196 0 0
8 MAC J PEST CONTROL SERVICES - 0 0 0 0 0
9 MEGAWIDE CONSTRUCTION CORPORATION - 0 0 0 0 0
10 PRECISE SOLUTION SECURITY AGENCY, INC. 176,989.05 176,989 176,989 0 0 0
11 SOSAJB PROPERTY MANAGEMENT CORP. 595,688.03 595,688 0 0 0 595,688
12 THE CLEANING SPECIALIST JANITORIAL AND 105,199.88
MANPOWER SERVICES INC. 105,200 0 105,200 0 0
13 Others 222,625.92 222,626 146,852 73,221 0 2,554
TOTAL 1,659,810.63 1,659,811 372,037 532,359 50,190 705,224
-
Accruals: 2,705,484.47
No. SUPPLIER / CONTRACTOR AMOUNT DUE PERIOD COVERED
MANILA WATER COMPANY INC 65,893.20 August 5 - September 4, 2022
Bureau of Internal Revenue 61,243.76 August 2022
Garbage Hauler 8,000.00 August 2022
Elevator Services 22,000.00 August 2022 - Tower A
Elevator Services 22,000.00 August 2022 - Tower B
STP Services 45,000.00 August 16 - September 15, 2022
Pest Control Services 10,000.00 August 2022
Staff Cost 538,643.11 June 2022
Property Management Fee 180,000.00 July 2022
Staff Cost 633,137.43 July 2022
Property Management Fee 180,000.00 August 2022
Staff Cost 633,137.43 August 2022
Security Services 212,769.46 August 16-31, 2022
Janitorial Services 93,660.08 August 16-31, 2022
INCOME STATEMENT
ACTUAL 2022
ACCOUNT TITL E 2022 YTD ACTUAL VARIANCE
Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 YTD BUDGET
CONDOMINIUM DUES
Association Dues 1,337,907.46 1,362,669.31 1,373,790.71 1,392,009.34 1,415,542.90 1,469,740.38 1,501,308.89 1,524,846.18 11,377,815.15 14,677,963.63 (3,300,148.48)
Association Dues - Developer 79,951.11 66,986.70 72,536.60 76,464.52 88,124.70 58,393.75 4,703,273.13 445,815.30 5,591,545.81 5,591,545.81
Water Recoveries 41,427.65 41,959.74 40,641.25 45,409.72 47,631.00 43,643.16 50,471.88 49,223.25 360,407.65 295,200.00 65,207.65
Special Assessment - RPT 2,176,519.94 - - - - - - - 2,176,519.94 2,176,519.94 -
Special Assessment - Fire Extinguisher 32,500.00 13,000.00 58,500.00 58,500.00 58,500.00 52,000.00 52,000.00 78,000.00 403,000.00 - 403,000.00
Parking Dues 52,554.60 52,695.22 52,992.10 52,992.10 54,304.60 53,429.60 53,429.60 54,383.07 426,780.89 426,780.89
Parking Dues - Developer - - - - - - 256,587.70 25,692.32 282,280.02 591,909.45 (309,629.43)
Total Condominium Dues 3,720,860.76 1,537,310.96 1,598,460.66 1,625,375.68 1,664,103.20 1,677,206.89 6,617,071.20 2,177,960.12 20,618,349.47 17,741,593.03 2,876,756.44
DIRECT COST
Service Contract Costs 1,899,430.88 1,553,537.33 1,476,564.00 1,570,026.26 1,508,208.55 804,911.29 1,527,729.30 1,512,502.63 11,852,910.25 10,734,094.31 (1,118,815.94)
Utilities - Light & Power 184,073.40 183,567.90 183,396.64 207,676.57 216,280.52 225,134.08 221,939.12 220,142.37 1,642,210.60 2,040,280.37 398,069.77
Utilities - Water 37,023.86 37,697.02 53,406.31 64,932.29 58,580.06 59,380.21 68,459.74 65,893.20 445,372.69 117,649.53 (327,723.16)
Consumable Supplies 2,313.25 36,395.00 - 59,700.00 7,460.00 15,370.00 53,700.00 - 174,938.25 24,233.36 (150,704.89)
Total Direct Costs 2,122,841.39 1,811,197.25 1,713,366.95 1,902,335.12 1,790,529.13 1,104,795.58 1,871,828.16 1,798,538.20 14,115,431.79 12,916,257.58 (1,199,174.22)
Gross Profit Margin 1,598,019.36 (273,886.29) (114,906.29) (276,959.44) (126,425.93) 572,411.31 4,745,243.04 379,421.92 6,502,917.67 4,825,335.45 (1,677,582.22)
Other Income 133,910.21 76,471.35 120,139.63 76,899.52 93,896.48 124,199.73 109,293.16 104,886.37 839,696.45 933,333.36 (93,636.91)
Gross Income 1,731,929.57 (197,414.94) 5,233.34 (200,059.92) (32,529.45) 696,611.04 4,854,536.20 484,308.29 7,342,614.12 5,758,668.81 (1,771,219.13)
OPERATING EXPENSES
Repair & M aintenance 75,993.35 79,075.35 3,335.50 40,583.80 7,829.00 387,563.44 18,471.75 17,500.00 630,352.19 329,169.17 (301,183.02)
Communication and Office Supplies 3,045.55 5,352.28 7,667.74 5,046.09 1,223.27 11,765.66 5,818.60 - 39,919.19 113,000.00 73,080.81
Transportation and Representation 8,774.25 7,143.25 8,080.00 3,037.50 4,969.00 4,650.27 8,486.45 - 45,140.72 34,900.00 (10,240.72)
Depreciation 11,285.19 11,285.19 11,285.19 11,285.19 11,285.19 11,285.19 11,637.93 11,892.69 91,241.77 - (91,241.77)
Taxes and licenses 19,563.51 27,325.15 - 3,403.44 0.00 (0.00) 2,923.96 (0.00) 53,216.06 137,876.89 84,660.83
Special Assessment - RPT 181,376.66 181,376.66 181,376.66 181,376.66 181,376.66 181,376.66 181,376.66 181,376.66 1,451,013.29 1,451,013.29 -
Insurance Expense 37,892.07 55,371.59 55,371.59 55,371.59 44,667.38 40,847.88 40,847.88 - 330,369.98 481,333.33 150,963.35
Professional Fees 44,800.00 70,787.50 44,800.00 44,800.00 44,800.00 70,917.76 44,800.00 74,800.00 440,505.26 408,400.00 (32,105.26)
Other Expenses 20,802.55 10,994.00 9,486.25 8,884.00 19,425.00 12,018.00 10,165.00 2,000.00 93,774.80 137,600.00 43,825.20
Total Operating Expenses 403,533.13 448,710.98 321,402.94 353,788.28 315,575.50 720,424.86 324,528.23 287,569.35 3,175,533.27 3,093,292.68 (82,240.58)
INCOME (LOSS) BEFORE INCOME
1,328,396.44 (646,125.92) (316,169.60) (553,848.20) (348,104.95) (23,813.82) 4,530,007.96 196,738.94 4,167,080.86 2,665,376.12 1,501,704.74
TA X
INCOME TA X EXPENSE (BENEFIT) - - 22,063.51 - - - - - 22,063.51 (22,063.51)
NET INCOME (LOSS) A FTER TA X 1,328,396.44 (646,125.92) (338,233.11) (553,848.20) (348,104.95) (23,813.82) 4,530,007.96 196,738.94 4,145,017.35 2,665,376.12 1,479,641.23
VARIANCE ANALYSIS
ACCOUNT TITLE ACTUAL YTD YTD Budget Peso Variance % Remarks
CONDOMINIUM DUES
Association Dues 16,969,361 14,677,964 2,291,397 16% Unturn-over units for Tower C are being Billed to Developer.
Water Recoveries 360,408 295,200 65,208 22%
Special Assessment - RPT 2,176,520 2,176,520 - 0%
Special Assessment - Fire Extinguisher 403,000
Parking Dues 709,061 591,909 117,151 20% Unturn-over parking for Tower C are being Billed to Developer.
Total Condominium Dues 20,618,349 17,741,593
DIRECT COSTS
Service Contract Costs 11,852,910 10,734,094 (1,118,816) -10% Due to Transistion to a new property management (July - August - accrual)
Utilities - Light and Power 1,642,211 2,040,280 398,070 20%
Utilities - Water 445,373
Utilities – Water - Net 84,965 117,650 32,684 28%
Consumable Supplies 174,938 24,233 (150,705) -622% Insufficient budget for swimming pool suplies
Total Direct Costs 14,115,432 12,916,258
Gross Profit Margin 6,502,918 4,825,335
Other Income 839,696 933,333 (93,637) -10%

Gross Income 7,342,614 5,758,669
VARIANCE ANALYSIS
OPERATING EXPENSES
Repair & Maintenance 630,352 329,169 (301,183) -91%
Communication and Office Supplies 39,919 113,000 73,081 65%
Transportation and Representation 45,141 34,900 (10,241) -29%
Depreciation 91,242
Taxes and licenses 53,216 137,877 84,661 61%
Special Assessment - RPT 1,451,013 1,451,013
Insurance Expense 330,370 481,333 150,963 31% Will be use for Tower C insurance until December 2022
Professional Fees 440,505 408,400 (32,105) -8%
Other Expenses 93,775 137,600 43,825 32%
Total Operating Expenses 3,175,533 3,093,293
INCOME (LOSS) BEFORE INCOME TAX 4,167,081 2,665,376
INCOME TAX EXPENSE (BENEFIT) 22,064 -
NET INCOME (LOSS) AFTER TAX 4,145,017 2,665,376
BUDGETED REVENUE 21,055,046 18,674,926 2,380,120 13% Unsold units and parking for Tower C are being Billed to Developer.
UNBUDGETED REVENUE 403,000 - 403,000 0% Special Assessment - Fire Extinguisher Tower C unit owners
TOTAL REVENUE 21,458,046 18,674,926 2,783,120
BUDGETED EXPENSE 17,199,723 16,009,550 (1,190,173) -7%

UNBUDGETED EXPENSE 113,305 - (113,305) 0%
TOTAL EXPENSES 17,313,029 16,009,550 (1,303,478)
NET INCOME (LOSS) AFTER TAX 4,145,017 2,665,376 1,479,641

INCOME STATEMENT (BUDGET VARIANCE)
STATEMENT OF CASH FLOW
YTD TO DATE 31-Jan-22 28-Feb-22 31-Mar-22 30-Apr-22 31-May-22 30-Jun-22 31-Jul-22 31-Aug-22
Cash i n Ban k Bal an ce - Beg i n n i n g 2,669,956 2,669,956 4,027,187 5,201,812 5,639,023 6,379,535 6,896,755 6,062,714 4,648,269
Ad d : Co l l ecti o n 15,681,510 2,575,984 1,747,772 2,103,386 1,532,736 1,920,164 1,780,734 1,905,255 2,115,479
Association Dues 9,406,409 1,125,160 1,023,278 1,145,354 951,092 1,306,357 1,298,567 1,157,793 1,398,808
Parking Dues 340,823 50,184 38,508 32,666 38,047 48,953 43,392 42,732 46,341
Other Income 796,203 140,360 76,041 100,242 71,327 91,382 114,243 115,444 87,165
Move-in / Joining Fee 1,350,993 139,891 40,929 176,843 161,890 196,169 159,046 168,832 307,394
Real Property Tax 1,392,606 534,380 316,353 284,481 96,795 45,863 54,142 31,389 29,203
Insurance 14,967 4,882 3,394 813 1,007 1,635 2,228 - 1,007
Fire Extinguisher 398,404 32,500 13,000 52,000 52,000 65,000 53,904 52,000 78,000
Water 298,423 29,910 37,520 37,103 35,840 45,273 34,921 33,076 44,780
Advances from unit owners 681,758 267,419 40,230 108,523 31,725 36,320 20,292 131,944 45,306
Unidentified Deposits 939,114 251,146 158,322 165,098 52,661 82,862 - 151,799 77,226
Others 61,809 153 197 263 40,351 351 - 20,246 249
L ess: Di sb u rsemen ts 13,433,448 1,218,753 573,146 1,666,175 792,224 1,402,943 2,614,776 3,319,700 1,845,730
Released Checks - previously approved 13,395,698 1,218,753 573,146 1,666,175 792,224 1,402,943 2,614,776 3,319,700 1,807,980
Service Contractor 9,266,030 825,639 394,443 1,044,494 461,067 947,423 2,058,395 2,430,646 1,103,923
Consumables & Supplies 94,766 - - 35,599 - 59,167 - - -
Repair and Maintenance 818,313 30,228 71,918 71,918 36,394 44,921 - 416,333 146,601
Utilities 2,058,525 264,334 - 442,362 236,803 272,609 267,503 284,514 290,399
Software 132,000 132,000
Administrative Expenses 1,025,653 98,521 106,745 71,750 57,900 78,753 288,820 188,157 135,006
Others - Bank Charges 411 31 39 53 60 70 58 49 50
Released Checks - preapproved & with special approval 37,750 - - - - - - - 37,750
Others / Refund 37,750
Cash i n Ban k Bal an ce - En d i n g 4,918,018 4,027,187 5,201,812 5,639,023 6,379,535 6,896,755 6,062,714 4,648,269 4,918,018
2,248,062
L ess: Ou tstan d i n g Ch eq u e 575,660 1,006,763 473,236 1,349,313 2,372,842 3,032,972 1,274,824 4,364,402
OC issued in 2021 2,554 2,554 2,554 2,554 2,554 2,554 2,554 2,554
OC issued in 2022 573,107 1,004,209 470,682 1,346,759 2,370,289 3,030,418 1,272,270 1,061,570
Accrued Expenses 3,300,278.31
Cash i n Ban k - Bal an ce 3,451,526 4,195,050 5,165,788 5,030,222 4,523,913 3,029,742 3,373,445 553,616
BANK RECONCILIATION STATEMENT
FOR THE MONTH OF AUGUST 2022
BDO - 011468000822
PER BOOK PER BANK

Beginning Balances as of July 31, 2022 3,451,513.67 4,648,269.48
Add/(Deduct) 1. There is no overage/shortage in cash
Cash Receipts (Sched 1) 2,172,675.61 2,120,383.53
deposits.
Cash Disbursements (Sched 2) (1,634,979.83) (1,850,634.96)
Unadjusted Balances as of July 31, 2022 3,989,209.45 4,918,018.05
2. No skipped ORs.
3. All ORs issued are verified and the
Add/Deduct: corresponding cash/check were deposited in
Deposit In Transit (Sched 1) - 71,658.04 the bank.
4. No bounced check noted.
Outstanding Checks (Sched 2) - (1,064,123.60)
Unidentified Deposits - Current Month (Sched 3) 77,225.77

The Hive Collection for the month of August 2022
is Php 2,172,675.61
Identified Deposits - Current Month (Sched 4) (141,082.06)
Cash: PHP 563,769.86 (25.95%)
Unidentified Disbursement (Sched 5) - Check: PHP 418,898.34 (19.28%)
POS/online: PHP 1,190,007.41 (54.77%)
Bank Interest (Sched 6) 199.21
OR series no. used: OR No. 14073-14598
Book Error (Sched 9) 0.12 ORs used: 526 Official Receipts
Adjusted Balances, August 31, 2022 3,925,552.50 3,925,552.50

BALANCE SHEET
ASSETS Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22
Current Assets
Cash on Hand and In Bank 4,047,247 5,221,873 5,659,084 6,399,595 6,916,755 6,082,714 4,668,361 4,927,389
Accounts Receivables 8,687,123 8,605,867 8,501,033 8,835,988 8,399,350 8,658,517 13,906,635 14,372,945
Other Assets 2,112,261 2,041,056 1,811,744 1,582,271 1,687,769 2,247,522 2,048,832 1,816,512
Total Current Assets 14,846,631 15,868,796 15,971,861 16,817,854 17,003,874 16,988,753 20,623,829 21,116,845
Noncurrent Assets
Property and Equipment 492,953 481,667 470,382 459,097 447,812 458,397 446,759 770,866
Deferred Tax Assets - - - - - - - -
Total Noncurrent Assets 492,953 481,667 470,382 459,097 447,812 458,397 446,759 770,866
TOTAL ASSETS 15,339,584 16,350,463 16,442,243 17,276,951 17,451,686 17,447,150 21,070,587 21,887,711
LIABILITIES AND FUND BALANCE

Current Liabilities
Accounts and other payables 3,387,883 4,999,820 5,209,747 6,419,076 6,771,281 6,631,512 5,556,110 5,869,101
Advances from Developer 11,245,469 11,245,469 11,245,469 11,245,469 11,245,469 11,245,469 11,245,469 11,245,469
Total Current Liabilities 14,633,352 16,245,288 16,455,215 17,664,544 18,016,749 17,876,981 16,801,578 17,114,570
Equity
Members' Equity 8,787,672 8,828,601 9,023,958 9,200,121 9,382,017 9,541,063 9,709,895 10,017,289
Fund Balance (8,081,439) (8,723,426) (9,036,931) (9,587,714) (9,947,080) (9,970,894) (5,440,886) (5,244,147)
Total Equity 706,232 105,175 (12,973) (387,594) (565,063) (429,831) 4,269,009 4,773,142
TOTAL LIABILITIES AND FUND BALANCE 15,339,584 16,350,463 16,442,243 17,276,951 17,451,686 17,447,150 21,070,587 21,887,711
4. Business Matters
Item Description Priority Budgetary Cost StatusTo
CARI will expired on September 30, 2022.

1. Tower C Need to have Insurance before the Expiration of CARI. The Insurance 1st Priority Total Amount: For Approval
Insurance will be included on the insurance policy of Tower A and B. Php93,011.50
To ensure that all vehicles are registered to the PMO and increase Outsourcing
2. CAR Stickers 1st Priority Php 5,500
security of vehicles entering and exiting the property Supplier
For the security of Equipment, Doorknobs have no keys for the

3. Replacement of Electrical and Utility Room per floor for Tower A and B 2nd Priority Php 23,000 For Approval
Doorknob Total Needed Doorknobs: 60pcs
Price/pc: Php 350.00
4. Product/ Service Booth is only for giving out fliers/info only about certain products or 2nd Priority Not Available For Approval
Booth Display company profile for services offer
To address complaints of unit owners on lacking push carts, they are

5. Purchase of requesting to provide additional carts helping them with their purchase 2nd Priority Php 16,000; Not budgeted
(Unit Cost: Php4,000.00) For Approval
Push Cart items. Currently, 1 push cart is available and intended for maintenance (Quantity: 4pieces)
used only.
Php 40,000; Not budgeted
6. Auger For Preventive maintenance and to prevent clogging of horizontal and 2nd Priority (Unit Cost: Php40,000.00)
vertical pipe lines (Quantity: 1piece) For Approval
Machine
IMPLEMENTATION OF VEHICLE STICKERS Sample Car Sticker
1.
5”
1.
5”
Validity:
Will put
Year only
Sample vehicle with The Hive Sticker
Purpose: To ensure that residents have valid vehicle registrations and following the regulations of The Hive
in car registrations.
Total Parking: 154
Total Vehicle Stickers for Issuance: 154 pcs
Total Price: Php 5,500 for Sticker Printing
Registration and Car Sticker Fee: Php 200/ Vehicle

Validity: Will start implementing on November 1, 2022 and expiration is every December 31, 2023. Motorcycle will
also be included on the registration.
DOOR KNOB REPLACEMENT FOR COMMON AREAS
Purpose: Replace doorknob to ensure equipment

and facilities are secured preventing unauthorized
But still
can Open
person and untoward incidents.
Lock from
from the
the inside
Outside Total Locket Set Needed: 59 pieces
 Tower A (Utility and Electrical Room) - 26 pcs
 Tower B (Utility and Electrical Room) - 26 pcs
 Equipment Room - 3 pcs
 Pool Area/Clubhouse area - 4 pcs
Price Comparison:
• New Lockset: Php 500.00/pc
• Locksmith: Php 400.00/ replacement new keys per
door knob
Total: Php 23,000 (New Lockset Replacement)

Sample Defective Doorknob
PRODUCT SERVICE BOOTH APPROVAL
Sample Booth Set Up 1.5mx1.5m Proposed Location ( Entrance Gate)
• Food and Telcom Company such Contis and Smart were requesting the PMO to put a booth
inside The Hive Residences to be able to introduce and display their product/ services.
• Provides income to Condo Corp thru payments on flyers and booth.
• No reported concerns or traffic during the giving of flyers from Cheetah (ISP)
• To be located in the main entrance and Maximum of 2 booth only/day
• Php1,000 per day and Php2.00 per flyer (to be distributed to the mailbox)
PURCHASE OF PUSH CARD
Current Status of Push Cart New Push Cart
• In response to unit owners complaints as the property has only one (1) push cart which is intended
for maintenance used.
• Recommended to purchase four (4) pieces of push carts and to be placed in the lower ground of
each Tower.
• Brand: Stanley (source: Ace Hardware)
Unit Cost: Php4,000.00
Capacity 150kg
Total Cost for four carts: Php16,000.00
PURCHASE OF AUGER MACHINE
Existing way of declogging drainage using spiral rod K400 Auger Machine
• To address pipelines clog in units and common areas and to be able to resolve issues on water
ponding and leaks. Provides other income thru providing services to residents and billed to them
after the use of equipment
• Brand: RIGID
• Model: K400 Auger Machine (Can be use from 1 1/2” to 4” pipes)
• Price: Php 40,000.00
4.2 Other Matters
4.2 Other Matters
Passenger Elevator Tower A Breakdwon
Equipment: Passenger Elevator
Date of Breakdown: September 10, 2022
Location: Passenger Elevator
Third Party Contractor Findings:
Error fault "Drive Communication Lost” registered was due to the internal circuit problem of the CPlK
unit. The most common cause of inverter problem that damaged its internal parts was due to power
supply problem.
Repair Cost:
CPIK - 15M1 Inverter - Php 237,500.00
TMI-3 PCB - Php 75,000.00
Total Repair Cost - Php 312,500.00
Photo of CPIK-15M1 Inverter

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The Hive BOT Meeting August 2022

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THE HIVE @ TAYTAY RESIDENCES CORP.

1.1 Review of Open Issues

2. Building Management Updates

4. Business Matters

PARTICULARS STATUS REMARKS

Tower A and B: Submitted all requirements to BFP

• Converge – Revised MOA reviewed by Atty. Cesar forwarded to Converge last

Residents TOWER A TOWER B TOWER C THE HIVE (A+B+C)

TURNED-OVER UNITS NOT YET TURNED-OVER

Property Management & Maintenance X For MCC Legal Review

2 Security (Precise Solution Security Agency) ✔ April 2023

3 Housekeeping (The Cleaning Specialist) ✔ April 2023

4 Pest Control (MAC-J Enterprise) ✔ December 2022

5 Elevator (Hyatt/ The Lift) ✔ December 2022

With Approved Purchase Order; Draft Contract and for approval

PMS facilitated by In-house Maintenance. For acquisition of

9 Fire Protection ( UniRoyal) ✔ July 2023

Tower A Tower B Amenity

May-22 14.77 3,920 57,906.90 500

Aug-22 14.99 4,397 65,893.22

• Due to downtime of 5 out of 14 air-

None since there are still 3 pumps for -

Aircon Function Hall: 2 out 6 is not

Done on repair, leak test inspection on 2nd week of

Plumbing Leak is repaired, will proceed on the restoration of

Architectural For Unit

Plumbing Leak is repaired, will proceed on the restoration of

Plumbing Leak is repaired, will proceed on the restoration of

Particulars As of August 31, 2022

TOTAL RECORDED CASES SINCE 2020 35

Description Details Status Target Date

Revised MOA reviewed by Atty. Cesar

Internet for the

Schedule of Site survey and for

Actual Target Should be

TOTAL COLLECTED TOTAL ACCOUNT RECEIVABLE ACCOUNT AR ACCOUNT AR

AR AS OF APRIL 2022 1,669,877.47 747,092.18 922,785.29

ACCOUNT TITLE ACTUAL YTD YTD Budget Peso Variance % Remarks

Other Income 839,696 933,333 (93,637) -10%

BUDGETED EXPENSE 17,199,723 16,009,550 (1,190,173) -7%

NET INCOME (LOSS) AFTER TAX 4,145,017 2,665,376 1,479,641

PER BOOK PER BANK

Unidentified Deposits - Current Month (Sched 3) 77,225.77

Adjusted Balances, August 31, 2022 3,925,552.50 3,925,552.50

LIABILITIES AND FUND BALANCE

CARI will expired on September 30, 2022.

For the security of Equipment, Doorknobs have no keys for the

To address complaints of unit owners on lacking push carts, they are

Registration and Car Sticker Fee: Php 200/ Vehicle

Purpose: Replace doorknob to ensure equipment

Total: Php 23,000 (New Lockset Replacement)

Sample Booth Set Up 1.5mx1.5m Proposed Location ( Entrance Gate)

Current Status of Push Cart New Push Cart

Photo of CPIK-15M1 Inverter

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