donald c. kendig, cpa fcera realty group llc agent 7778 n

Donald C. Kendig, CPA FCERA Realty Group LLC Agent 7778 N Palm Ave Fresno, CA 93721

BOARD AGENDA LETTER DATE: May 2, 2018 TO: Board of Retirement as Sole Member, FCERA Realty Group LLC FROM: Donald C. Kendig, CPA, Agent SUBJECT: Consideration of Property Management Proposal for FCERA Offices located at

7772 and 7778 and Authorization for the Retirement Administrator to Execute and Agreement with Dana Butcher Associates Once Reviewed and Approved by Board Counsel – APPROPRIATE ACTION

Recommended Action

1. If the Board wishes to contract with a professional property management company outsourcing FCERA’s management of the offices, staff recommends approval of the attached property management proposal and the authorization of the Retirement Administrator to execute an agreement with Dana Butcher Associates once the agreement has been reviewed and approved by Board Counsel.

Alternative Recommendation 1. If the Board does not wish to contract with a professional property management company

outsourcing FCERA’s management of the offices, staff recommends working with Fresno County Facilities for the majority of FCERA’s facility needs leaving it to the discretion of staff to determine whether or not to contract directly with a particular facilities maintenance trade.

Fiscal and Financial Impacts Approval of the recommended action would guarantee an additional cost of $900 a month ($10,800 per year) for facilities costs, of which a portion, if not all could be offset by the efficient selection of cost effective service providers and the prevention of any potential costly deferred maintenance items, preserving the value of the asset. The amount of potential savings is not guaranteed or easily estimated.

Consideration of Property Management Proposal for FCERA Offices located at 7772 and 7778

Background & Discussion FCERA Realty Group LLC obtained a competitive proposal from Dana Butcher Associates to manage the 7766 N Palm Avenue Building through a public RFP process. During a discussion of the management services to be provided Dana Butcher, staff explored if it would be possible to separately manager the other two buildings, that are anticipated to be transferred back to FCERA, and how much that would cost. Staff received a cost of $900 per month and, during the quarterly LLC financial report during the April 4, 2018 Board meeting, communicated that there was an opportunity to have the properties managed professionally, even after transfer back to FCERA, if the Board chose to do so. The Board expressed interest in pursuing professional property management and directed staff to return with a proposal at the next meeting. The attached proposal is provided for the Board’s review. If the Board wishes to contract with a professional property management company outsourcing FCERA’s management of the offices, staff recommends approval of the attached property management proposal and the authorization of the Retirement Administrator to execute an agreement with Dana Butcher Associates once the agreement has been reviewed and approved by Board Counsel. The LLC would execute the agreement and would then assign the agreement to FCERA, if the properties located at 7772 and 7778 N Palm are transferred to FCERA. The contract would be drafted such that it could be transferred and ultimately canceled, if the Board felt that the services provided were not worth the additional cost. Attachment

1. Property Management Proposal by Dana Butcher Associates

MANAGEMENT PROPOSAL

FOR

DON KENDIG

FRESNO COUNTY EMPLOYEES’

RETIRMENT ASSOCIATION

(FCERA)

PREPARED BY:

DANA BUTCHER ASSOCIATES

TABLE OF CONTENTS

PROPOSAL . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 REFERENCES . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 QUALIFICATIONS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 SAMPLE MONTHLY REPORT……………………….. 4 PHOTOS OF MANAGED PROPERTIES . . . . . . . . . . . 5

DANA BUTCHER ASSOCIATES COMMERCIAL REFERENCES

PROPERTY OWNERS PROPERTY Blair Pence Multiple Office Buildings Pence Investment Corp. (310) 555-6414 ext. 105 Eldora Rossi Office Building (559) 275-2041 Clovis, CA Vic Roznovsky Craycroft Park Spano Trust 6535-6495 N. Palm (559) 435-5100 1060-1080 W. Sierra Fresno, CA John Travis Shaw Commerce Center East Group Properties 4055,4057,4065,4069 W. Shaw Ave. (602) 840-8600 4603 N. Brawley

Fresno, CA Patricia Macartney (Previous Client) The Virginia Hotel–Office Complex AmericanWest Bank Fresno, CA (541) 282-5156 Eric Wilkins (Previous Client) Multiple Medical/Office Buildings Wilkins Enterprises Fresno, CA (559) 439-9200 Tom Anderson Premiere Plaza A. T. Investments IV S/W Corner First & Nees (559) 437-1303 Fresno, CA Kevin Tweed Tulare Pavilion Shopping Center A.T. Investments IV 1531-1565 N. Hillman (559) 229-4444 Tulare, CA

Jerry Cook (Previous Client) 2773 N. Business Park Dr., Fresno Cook Land Company 5856 E. Brown, Fresno, CA (831) 687-0900 5823 E. Princeton, Fresno, CA Frank Gong First/Bullard Shopping Center Gong, Young Inc. Bullard Fair Shopping Center (559) 439-6760 Fresno, CA Casey Abe Trading Post Shopping Center Rich Development Enterprises, LLC Clovis, CA (310) 547-3326

DANA BUTCHER ASSOCIATES BROKER REFERENCES

BROKERS COMPANY & DIVISION Phil Sousa Newmark Grubb Pearson Commercial Senior Vice President Office Division (559) 447-6283 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #00853867 Fresno CA 93711 [email protected] Jeremy Reed Newmark Grubb Pearson Commercial Senior Vice President Office Division (559) 447-6285 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01203327 Fresno CA 93711 [email protected] John Lee Retail California Vice President Retail Division (559) 447-6257 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01406883 Fresno, CA 93711 [email protected] Lewis Smith Retail California Senior Vice President Retail Division (559) 447-6235 Direct Line 7480 North Palm Avenue, Suite 101 BRE License #01214178 Fresno, CA 93711 [email protected] Steve Rontell Colliers International Senior Vice President | Principal Retail Properties Group (559) 221-1271 ext. 113 7485 North Palm Avenue, Suite 110 BRE License #00932510 Fresno, CA 93711 [email protected] Brett Vincintainer Newmark Grubb Pearson Commercial Vice President 7480 N. Palm Avenue, Suite 101 (559) 447-6265 Fresno, CA 93711 BRE License #01792092 [email protected]

Brandon Lamonica Fortune Associates Vice President Office Division (559) 490-2500 ext. 114 680 W. Shaw Avenue, Suite 200 BRE License #01317857 Fresno, CA 93704 [email protected]

mailto:[email protected]







DANA BUTCHER ASSOCIATES BROKER REFERENCES

Patric Davis Colliers International Vice President Retail Division (925) 227-6219 Direct Line 3825 Hopyard Road, Suite 195 BRE License #01193278 Pleasanton, CA 94588 [email protected] Scott Carruth CBRE Vice President Retail Division (916) 446-8717 Direct Line 555 Capitol Mall, Suite 100 BRE License #01372285 Sacramento, CA 95814 [email protected]


DANA BUTCHER ASSOCIATES A California Corporation

PRINCIPAL: Dana Butcher, President

Certified Property Manager 1690 W. Shaw Avenue, Suite #220 Fresno, CA 93711 (559) 446-2001 BUSINESS HISTORY: 1986 - Established Dana Butcher Associates, a full service

Property Management Company specializing in Commercial Property Management; Retail, Office Buildings, Industrial and Commercial Associations.

Our management portfolio includes the following (located from The Inland Empire and High Desert to Sacramento and the Bay Area):

A) 66 shopping and strip centers totaling 2,581,171 square feet B) 55 office buildings totaling 1,346,267 square feet C) 5 industrial centers totaling 560,689 square feet D) 11 commercial owners associations

We employ 14 full-time office staff including, three licensed Property Supervisors, two licensed Assistant Property Supervisors and eight support personnel.

AFFILIATIONS: Licensed Real Estate Brokerage Firm Member – California Association of Realtors Member - National Association of Realtors

IREM – San Joaquin Chapter #85, Certified Property Manager Member – Fresno Area Chamber of Commerce Member – Fresno Better Business Bureau

760

SAVINGS BALANCE FORWARD -$

CHECKING BALANCE FORWARD 280,513.42

CASH BALANCE FORWARD 280,513.42

RENT INCOME 38,992.50

CAM REIMBURSEMENT 13,392.13

DEPOSIT INCOME (1,800.00)

INTEREST INCOME 0.00

MISCELLANEOUS INCOME 0.00

TOTAL INCOME 50,584.63

OPERATING EXPENSES 37,900.66

DEBT SERVICE 0.00

TOTAL EXPENSES 37,900.66

NET CHANGE 12,683.97

FUNDS TO OWNER (20,000.00)

FUNDS FROM OWNER 0.00

NOTE PAYABLE (RECEIVABLE) 0.00

PREPAID RENTS (9.32)

DEPOSIT IN TRANSIT 0.00

FUNDS TO (FROM) SAVINGS 0.00

FUNDS TO (FROM) CHECKING (7,325.35)

CASH AVAILABLE IN SAVINGS -$

CASH AVAILABLE IN CHECKING 273,188.07

LESS PREPAID RENT BALANCE (3,267.96)

AVAILABLE CASH 269,920.11$

OCTOBER 2016

SHOPPING CENTER

SAMPLE FINANCIAL POSITION REPORT

760

<-------- CURRENT -------> <-------- YEAR TO DATE ------->

BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE

INCOME

RENT INCOME 36,396.91$ 38,992.50$ 2,595.59$ 433,863.10$ 470,831.61$ 36,968.51$

TI RENT INCOME 0.00 0.00 0.00 0.00 0.00 0.00

C.A.M. REIMBURSEMENT 12,725.59 13,547.15 821.56 127,255.90 127,534.51 278.61

PRIOR YEAR C.A.M. RECONCILIATION 0.00 (155.02) (155.02) 0.00 285.83 285.83

DEPOSIT INCOME 0.00 (1,800.00) (1,800.00) 0.00 (381.50) (381.50)

INTEREST INCOME 0.00 0.00 0.00 0.00 0.00 0.00

MISC INCOME 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL INCOME 49,122.50 50,584.63 1,462.13 561,119.00 598,270.45 37,151.45

EXPENSES

ADMINISTRATIVE

ADVERTISING 0.00 0.00 0.00 0.00 0.00 0.00

LEGAL & ACCOUNTING 0.00 8,500.00 (8,500.00) 5,750.00 25,340.00 (19,590.00)

PROFESSIONAL SERVICES 0.00 0.00 0.00 0.00 4,977.66 (4,977.66)

LEASING FEES 0.00 2,100.00 (2,100.00) 2,000.00 15,722.24 (13,722.24)

DUES & SUBSCRIPTIONS 0.00 0.00 0.00 0.00 0.00 0.00

BANK CHARGES 16.00 20.95 (4.95) 160.00 156.61 3.39

LOAN FEES 0.00 0.00 0.00 0.00 0.00 0.00

OFFICE SUPPLIES 0.00 0.00 0.00 0.00 0.00 0.00

MANAGEMENT FEES 2,000.00 1,938.53 61.47 20,000.00 23,962.46 (3,962.46)

MISC-ADMIN 0.00 0.00 0.00 10,535.00 35.75 10,499.25

TOTAL ADMIN EXP 2,016.00 12,559.48 (10,543.48) 38,445.00 70,194.72 (31,749.72)

TAXES & INSURANCE

INSURANCE 772.33 7,451.00 (6,678.67) 7,723.30 7,451.00 272.30

PROPERTY TAX 0.00 0.00 0.00 15,472.39 15,472.39 0.00

BUSINESS TAX/LICENSE 307.00 349.00 (42.00) 614.00 656.00 (42.00)

TOTAL TAXES & INS EXP 1,079.33 7,800.00 (6,720.67) 23,809.69 23,579.39 230.30

UTILITIES

ELECTRIC/GAS 900.00 878.00 22.00 8,100.00 8,762.23 (662.23)

WATER 440.00 608.51 (168.51) 4,400.00 4,091.82 308.18

IRRIGATION WATER 0.00 0.00 0.00 0.00 0.00 0.00

SEWER 583.33 0.00 583.33 5,833.30 5,568.94 264.36

TRASH REMOVAL 1,770.00 1,769.60 0.40 17,700.00 17,696.00 4.00

UTILITY DEPOSIT 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL UTIL EXP 3,693.33 3,256.11 437.22 36,033.30 36,118.99 (85.69)

SHOPPING CENTER

INCOME & EXPENSE STATEMENT

OCTOBER 2016

760

<-------- CURRENT -------> <-------- YEAR TO DATE ------->

BUDGET ACTUAL VARIANCE BUDGET ACTUAL VARIANCE

MAINTENANCE SERVICES

SECURITY 2,200.00 4,728.72 (2,528.72) 22,000.00 29,326.62 (7,326.62)

FIRE ALARM.MONITORING 0.00 0.00 0.00 0.00 0.00 0.00

RESTROOM CAM 75.00 337.15 (262.15) 750.00 1,037.84 (287.84)

JANITORIAL SERVICE-INT 275.00 0.00 275.00 2,750.00 2,475.00 275.00

JANITORIAL SERVICE-EXT 120.00 130.00 (10.00) 1,200.00 1,210.00 (10.00)

JANITORIAL SUPPLIES 58.33 0.00 58.33 583.30 463.71 119.59

TREE TRIMMING 0.00 2,900.00 (2,900.00) 3,500.00 2,900.00 600.00

LANDSCAPE UPGRADES 0.00 0.00 0.00 2,000.00 0.00 2,000.00

GARDENING SERVICES 770.00 770.00 0.00 7,700.00 6,160.00 1,540.00

GARDENING SUPPLIES 250.00 0.00 250.00 2,500.00 1,033.50 1,466.50

IRRIGATION REPAIRS 33.33 0.00 33.33 333.30 94.75 238.55

LOT SWEEPING 278.00 278.00 0.00 2,780.00 2,780.00 0.00

LOT SEALING/STRIPING 0.00 0.00 0.00 700.00 1,250.00 (550.00)

PRESSURE WASHING 0.00 0.00 0.00 675.00 875.00 (200.00)

HVAC 0.00 45.49 (45.49) 0.00 140.27 (140.27)

PEST CONTROL 75.00 150.00 (75.00) 750.00 750.00 0.00

ROOFING 500.00 0.00 500.00 700.00 0.00 700.00

ELECTRICAL/LIGHTING 150.00 0.00 150.00 1,500.00 4,117.87 (2,617.87)

ELEVATOR MAINTENANCE 0.00 0.00 0.00 0.00 0.00 0.00

GENERAL MAINTENANCE 500.00 4,945.71 (4,445.71) 5,750.00 14,374.21 (8,624.21)

TOTAL MAINT EXP 5,284.66 14,285.07 (9,000.41) 56,171.60 68,988.77 (12,817.17)

NON-COMMON AREA MAINT EXPENSES

NON-RECOVERABLE EXPENSES 0.00 0.00 0.00 0.00 0.00 0.00

NRE-VACANT SPACE 0.00 0.00 0.00 0.00 427.01 (427.01)

NRE-TENANT SPECIFIC EXP 0.00 0.00 0.00 0.00 19,413.75 (19,413.75)

REIMBURSEABLE TENANT EXP 0.00 0.00 0.00 0.00 0.00 0.00

NRE-LEGAL & PROFESSIONAL FEES 0.00 0.00 0.00 0.00 0.00 0.00

NRE-UTILITIES EXPENSE 0.00 0.00 0.00 0.00 0.00 0.00

NRE-MANAGEMENT FEES 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL NON-COMMON AREA MAINT EXP 0.00 0.00 0.00 0.00 19,840.76 (19,840.76)

IMPROVEMENTS

TENANT IMPROVEMENTS 0.00 0.00 0.00 22,480.00 29,233.00 (6,753.00)

CAPITAL IMPROVEMENTS 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL IMPROVEMENTS 0.00 0.00 0.00 22,480.00 29,233.00 (6,753.00)

TOTAL EXPENSES 12,073.32 37,900.66 (25,827.34) 176,939.59 247,955.63 (71,016.04)

TOTAL NET OPERATING INCOME 37,049.18 12,683.97 (24,365.21) 384,179.41 350,314.82 (33,864.59)

DEBT SERVICE

GROUND LEASE 0.00 0.00 0.00 0.00 0.00 0.00

MORTGAGE PRINCIPAL & INTEREST 0.00 0.00 0.00 0.00 0.00 0.00

SOLAR NOTE PAYMENT 0.00 0.00 0.00 0.00 0.00 0.00

MORTAGE PRINCIPAL-LN #1 0.00 0.00 0.00 0.00 0.00 0.00

MORTAGE PRINCIPAL-LN #2 0.00 0.00 0.00 0.00 0.00 0.00

MORTGAGE INTEREST-#1 0.00 0.00 0.00 0.00 0.00 0.00

MORTGAGE INTEREST-#2 0.00 0.00 0.00 0.00 0.00 0.00

RESERVE IMPOUNDS 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL DEBT SERVICE 0.00 0.00 0.00 0.00 0.00 0.00

TOTAL INCOME (LOSS) 37,049.18$ 12,683.97$ (24,365.21)$ 384,179.41$ 350,314.82$ (33,864.59)$

SHOPPING CENTER

INCOME & EXPENSE STATEMENT

OCTOBER 2016


Journal Transaction Listing by Journal, Transaction No.

DescriptionJrnl Debit CreditTran Ref

REPORTS Page 1 of 1

8:37:10AM

User:

11/4/2016

GL Acct Date

JE - JOURNAL ENTRY

Property Number: 760

Historical Transactions From 10/01/2016 to 10/31/2016

196 JE 10/18/2016 10/18/16 BANK FEE 1016 1112-0000 20.95

197 JE 10/18/2016 10/18/16 BANK FEE 1016 5175-0000 20.95

20.95 20.95

6,287.00Hash Total

In Balance

DANA BUTCHER ASSOCIATESREPORTS

10/28/2016User: Page 1 of 3

9:37:17AM

Unit

Reference

Number

Deposits

Held

Lease Exp

Date

Lease

Starting

Date

Rent Per

Square

Feet

Square

Feet

Monthly

Rent

Occupant

Name

Property: SHOPPING CENTER

Rent Roll Report

760-1724 4,603.7512/31/201610/01/20113,683 15.91/yr

1.33/mth

4,884.12TENANT 1

760-1732 5,000.00 6/30/2019 4/01/20163,880 14.40/yr

1.20/mth

4,656.00TENANT 2

760-1736 854.00 2/28/201810/05/1977620 11.63/yr

0.97/mth

601.00TENANT 3

760-1738 630.0011/30/202012/01/2015600 12.60/yr

1.05/mth

630.00TENANT 4

760-1740 1,700.00 6/30/2019 4/01/20161,640 10.80/yr

0.90/mth

1,476.00TENANT 5

760-1744 945.00 8/31/201912/01/19891,050 12.00/yr

1.00/mth

1,050.00TENANT 6

760-1748 0.00 8/31/2019 7/15/20161,050 12.00/yr

1.00/mth

1,050.00TENANT 7

760-1752 2,058.00 8/31/2018 8/01/20032,100 13.80/yr

1.15/mth

2,415.00TENANT 8

760-1756 0.00 8/31/2017 4/01/20141,400 12.60/yr

1.05/mth

1,470.00TENANT 9

760-1760 3,080.00 8/31/2017 9/06/20122,800 13.80/yr

1.15/mth

3,220.00TENANT 10

760-1764 1,155.00 2/28/2020 4/01/20101,050 13.20/yr

1.10/mth

1,155.00TENANT 11

760-1766 1,102.00 2/28/2020 3/01/20151,050 13.20/yr

1.10/mth

1,155.00TENANT 12

760-1772 1,102.50 8/31/2017 9/01/19772,532 12.60/yr

1.05/mth

2,658.60TENANT 13

760-1776 882.0010/31/2030 7/01/20072,368 15.00/yr

1.25/mth

2,960.00TENANT 14

760-1778 2,100.00 7/31/2020 7/15/20062,100 13.20/yr

1.10/mth

2,310.00TENANT 15

760-1784 0.0012/31/202610/01/19964,000 19.93/yr

1.66/mth

6,642.32TENANT 16

760-1798 0.00 140 0.00/yr

0.00/mth

0.00VACANT

760-1724P 0.0012/31/201610/01/2011672 9.01/yr

0.75/mth

504.44TENANT 17

760-1784P 0.0012/31/202610/01/1996891 0.00/yr

0.00/mth

0.00TENANT 18


10/28/2016User: Page 2 of 3

9:37:17AM

Unit

Reference

Number

Deposits

Held

Lease Exp

Date

Lease

Starting

Date

Rent Per

Square

Feet

Square

Feet

Monthly

Rent

Occupant

Name

Property : SHOPPING CENTER

Rent Roll Report

Percentage Occupied

Total Square Footage

Total Vacant Sq. Feet

Total Occupied Sq. Feet

____ Percentage of Occupied Sq. Feet __

Percentage Occupied

Total Units

Total Vacant Units

Total Occupied Units

____Percentage of Occupied Units____

Total Security Deposits

Average Rent/Sq. Ft. /Mth

Average Rent/Sq. Ft. /Yr.

Total Square Footage

Total Gross Rents

Total Vacant Rents

Total Occupied Rents

PROPERTY TOTALS :

38,837.48

0.00

38,837.48

33,626

13.86

1.15

25,212.25

18

1

19

95%

100%

33,486

33,626

140


10/28/2016User: Page 3 of 3

9:37:17AM

Unit

Reference

Number

Deposits

Held

Lease Exp

Date

Lease

Starting

Date

Rent Per

Square

Feet

Square

Feet

Monthly

Rent

Occupant

Name

Property : SHOPPING CENTER

Rent Roll Report

100%Percentage Occupied

33,626Total Square Footage

140Total Vacant Sq. Feet

33,486Total Occupied Sq. Feet

____ Percentage of Occupied Sq. Feet __

Percentage Occupied 95%

19

1

18

Total Units

Total Vacant Units

Total Occupied Units

____Percentage of Occupied Units____

25,212.25Total Security Deposits

1.15Average Rent/Sq. Ft. /Mth

13.86Average Rent/Sq. Ft. /Yr.

33,626Total Square Footage

38,837.48Total Gross Rents

0.00

38,837.48Total Occupied Rents

GRAND TOTALS :

Total Vacant Rents

10/1/2016 to 10/31/2016

SHOPPING CENTERProperty :

W. BULLARD 760

FRESNO, CA 93711

Unit Ref.

Num Suite

Name /

Chrg Description

Activity Reconciliation Report

9:26:18AM

REPORTSUser:

11/2/2016

Page 1 of 4


FRESNO, CA 93711

Beginning

Balance

Charges

and Adj

Payments

and Adj

Payment

Date

Ending

Balance

Deposits /

Lease Term

760-1724 TENANT 1 4,603.75

10/01/2011

0.0010/5/20161,495.23COMMON AREA MAINTENANCE 12/31/20161,495.230.00CAM

0.0010/5/20164,884.12MONTHLY RENT 4,884.120.00RNT

6,379.35 0.006,379.350.00

760-1732 TENANT 2 5,000.00

04/01/2016


0.0010/12/20164,656.00MONTHLY RENT 4,656.000.00RNT

6,388.72 0.006,388.720.00

760-1736 TENANT 3 854.00

10/05/1977

0.0010/6/2016341.32COMMON AREA MAINTENANCE 02/28/2018341.320.00CAM

0.0010/6/2016601.00MONTHLY RENT 601.000.00RNT

942.32 0.00942.320.00

760-1738 TENANT 4 630.00

12/01/2015


0.0010/11/2016630.00MONTHLY RENT 630.000.00RNT

961.28 0.00961.280.00

760-1740 TENANT 5 1,700.00

04/01/2016


0.0010/12/20161,476.00MONTHLY RENT 1,476.000.00RNT

-0.4010/12/20160.00PREPAID RENT/CAM 0.400.00PPD

2,208.79 -0.402,208.390.00

760-1744 TENANT 6 945.00

12/01/1989


0.0010/11/2016746.00MONTHLY RENT 1,050.00304.00RNT

1,476.28 0.001,172.28304.00

760-1748 TENANT 7 0.00

07/15/2016


0.0010/4/20161,050.00MONTHLY RENT 1,050.000.00RNT

1,284.45 0.001,284.450.00

760-1752 TENANT 8 2,058.00

08/01/2003


0.0010/3/20162,415.00MONTHLY RENT 2,415.000.00RNT

-3,267.5610/26/20160.00PREPAID RENT/CAM 0.00-3,267.56PPD

3,267.56 -3,267.563,267.56-3,267.56

760-1756 TENANT 9 0.00

04/01/2014


0.0010/3/20161,470.00MONTHLY RENT 1,470.000.00RNT

1,890.00 0.001,890.000.00

10/1/2016 to 10/31/2016


W. BULLARD 760

FRESNO, CA 93711

Unit Ref.

Num Suite

Name /

Chrg Description


9:26:18AM

REPORTSUser:

11/2/2016

Page 2 of 4


FRESNO, CA 93711

Beginning

Balance

Charges

and Adj

Payments

and Adj

Payment

Date

Ending

Balance

Deposits /

Lease Term

760-1760 TENANT 10 3,080.00

09/06/2012


0.0010/3/20163,220.00MONTHLY RENT 3,220.000.00RNT

4,356.75 0.004,356.750.00

760-1764 TENANT 11 1,155.00

04/01/2010


0.0010/12/20161,155.00MONTHLY RENT 1,155.000.00RNT

1,581.28 0.001,581.280.00

760-1766 TENANT 12 1,102.00

03/01/2015


0.0010/12/20161,155.00MONTHLY RENT 1,155.000.00RNT

1,623.91 0.001,623.910.00

760-1772 TENANT 13 1,102.50

09/01/1977


0.0010/6/20162,658.60MONTHLY RENT 2,658.600.00RNT

3,686.54 0.003,686.540.00

760-1776 TENANT 14 882.00

07/01/2007


0.0010/17/20162,960.00MONTHLY RENT 2,960.000.00RNT

3,921.36 0.003,921.360.00

760-1778 TENANT 15 2,100.00

07/15/2006


0.0010/11/20162,310.00MONTHLY RENT 2,310.000.00RNT

0.000.00PREPAID RENT/CAM -9.72-9.72PPD

3,152.84 0.003,162.56-9.72

760-1784 TENANT 16 0.00

10/01/1996


0.0010/10/20166,642.32MONTHLY RENT 6,642.320.00RNT

8,749.44 0.008,749.440.00

760-1724P TENANT 17 0.00

10/01/2011

0.0010/5/2016504.44MONTHLY RENT 12/31/2016504.440.00RNT

504.44 0.00504.440.00

760-1740 0.00

10/01/2010Former

0.000.00ANNUAL CAM RECONCILIATIONS 09/30/2013-155.02-155.02REC

0.00-22,045.02COMMON AREA MAINTENANCE 0.0022,045.02CAM

0.00-701.58LATE CHARGE 0.00701.58LAT

0.0010/26/2016-43,840.47MONTHLY RENT 155.0243,995.49RNT

0.00-608.40TENANT BILLBACK 0.00608.40TBB

0.00 0.00-67,195.4767,195.47

FORMER TENANT

10/1/2016 to 10/31/2016


W. BULLARD 760

FRESNO, CA 93711

Unit Ref.

Num Suite

Name /

Chrg Description


9:26:18AM

REPORTSUser:

11/2/2016

Page 3 of 4


FRESNO, CA 93711

Beginning

Balance

Charges

and Adj

Payments

and Adj

Payment

Date

Ending

Balance

Deposits /

Lease Term

760-1748 FORMER TENANT 0.00

01/01/2012Former

-104.930.00ANNUAL CAM RECONCILIATIONS 12/31/20150.00-104.93REC

1,837.350.00COMMON AREA MAINTENANCE 0.001,837.35CAM

147.000.00LATE CHARGE 0.00147.00LAT

5,512.500.00MONTHLY RENT 0.005,512.50RNT

1,102.500.00SECURITY DEPOSIT ADJUSTMENT 0.001,102.50SDA

1,308.070.00TENANT BILLBACK 0.001,308.07TBB

0.00 9,802.490.009,802.49


09/01/2012Former

-361.520.00ANNUAL CAM RECONCILIATIONS 07/31/20140.00-361.52REC

1,135.500.00COMMON AREA MAINTENANCE 0.001,135.50CAM

4,650.000.00HOLDOVER RENT 0.004,650.00HLD

202.340.00LATE CHARGE 0.00202.34LAT

1,550.000.00MONTHLY RENT 0.001,550.00RNT

28.300.00TENANT BILLBACK 0.0028.30TBB

0.00 7,204.620.007,204.62


11/01/2006Former

0.000.00COMMON AREA MAINTENANCE 10/05/20160.000.00CAM

0.0010/17/20160.00SECURITY DEPOSIT ADJUSTMENT 0.000.00SDA

0.00 0.000.000.00

10/1/2016 to 10/31/2016


W. BULLARD 760

FRESNO, CA 93711

Unit Ref.

Num Suite

Name /

Chrg Description


9:26:18AM

REPORTSUser:

11/2/2016

Page 4 of 4


FRESNO, CA 93711

Beginning

Balance

Charges

and Adj

Payments

and Adj

Payment

Date

Ending

Balance

Deposits /

Lease Term

CAM COMMON AREA MAINTENANCE

RNT MONTHLY RENT

PPD PREPAID RENT/CAM

REC ANNUAL CAM RECONCILIATIONS

LAT LATE CHARGE

TBB TENANT BILLBACK

SDA SECURITY DEPOSIT ADJUSTMENT

HLD HOLDOVER RENT

Property Totals :

-8,497.87

-5,306.99

0.00

0.00

-701.58

-608.40

0.00

0.00

2,972.85

7,062.50

-3,267.96

-466.45

349.34

1,336.37

1,102.50

4,650.00

13,547.15

38,992.50

-9.32

-155.02

0.00

0.00

0.00

0.00

25,017.87

51,361.99

-3,277.28

-621.47

1,050.92

1,944.77

1,102.50

4,650.00

25,212.25

-15,114.8481,229.30 13,739.1552,375.31

Check

Check

Date Vendor Vch # Number AmountVendor Name Date AmountDiscountAmount

8:38:36AMDANA BUTCHER ASSOCIATESREPORTS Page 1 of 1

AP Check Register

760 -

Date Range : 10/1/2016 To 10/31/2016 For Cash Account 1

Invoice Invoice Gross Net Check

11/4/2016User:

006979 10/04/2016 CLEAN CLEANSERV 66763 08/27/2016 275.00 0.00 275.00 275.0004380

006980 10/04/2016 CLESW CLEAN SWEEP SWEEPING SVC 41223 09/30/2016 278.00 0.00 278.00 278.0004381

006985 10/11/2016 COSTE COSLO TERMITE & PEST 5131 09/06/2016 75.00 0.00 75.00 75.0004384

006986 10/11/2016 FRE55 CITY OF FRESNO 71386-092616 09/26/2016 633.43 0.00 633.43 633.4304387

006987 10/11/2016 SIE60 SIERRA DISPLAY INC. 21135 09/30/2016 4,945.71 0.00 4,945.71 4,945.7104389

006988 10/11/2016 TURNE TURNER SECURITY SYST. INC 1481018 10/01/2016 2,325.60 0.00 2,325.60 2,325.6004390

006989 10/13/2016 MOOLA MOORE LAW FIRM, P.C. TRUST ACCOUNT 760-101116 10/11/2016 8,500.00 0.00 8,500.00 8,500.0004392

006990 10/13/2016 TFS TOTAL FILTRATION SERVICES PSV1547329 09/30/2016 45.49 0.00 45.49 45.4904393


006996 10/25/2016 CALTR CALIFORNIA TREE AND LANDSCAPE TD-GK-16-093810/17/2016 2,900.00 0.00 2,900.00 2,900.0004395


006998 10/25/2016 LA001 LANCE WILSON 760-101716 10/17/2016 1,800.00 0.00 1,800.00 1,800.0004398

007000 10/25/2016 TURNE TURNER SECURITY SYST. INC 1480344 09/01/2016 2,403.12 0.00 2,403.12 2,403.1204402

007002 10/27/2016 COSTE COSLO TERMITE & PEST 5145 10/04/2016 75.00 0.00 75.00 75.0004404

007004 10/31/2016 GON55 760R-100116 10/01/2016 20,000.00 0.00 20,000.00 20,000.0004405

007005 10/31/2016 NAT99 NATIONWIDE 15863-102116 10/12/2016 7,451.00 0.00 7,451.00 7,451.0004406

A00053 10/05/2016 VRLAW V.R. LAWN SERVICE 760-090116 09/01/2016 770.00 0.00 770.00 770.0004383

A00056 10/12/2016 KWIK KWIK & KLEEN 15543 09/30/2016 130.00 0.00 130.00 130.0004388

A00058 10/26/2016 DBA1 DANA BUTCHER ASSOCIATES 760-092616 09/26/2016 2,000.00 0.00 2,000.0004382

760-100516 10/05/2016 100.00 0.00 100.0004391

8499 10/20/2016 1,938.53 0.00 1,938.5304396

Total for Check Number A00058 4,038.534,038.530.004,038.53

E00367 10/25/2016 PGE PG&E 00367-101116 10/11/2016 62.15 0.00 62.15 62.1504400

E71386 10/11/2016 ALL REPUBLIC SERVICES 0917-00096063609/25/2016 1,146.44 0.00 1,146.44 1,146.4404385

E73274 10/11/2016 ALL REPUBLIC SERVICES 0917-00096065009/25/2016 592.01 0.00 592.01 592.0104386

E84882 10/25/2016 PGE PG&E 84882-101016 10/10/2016 878.00 0.00 878.00 878.0004401

Cash Account 1 Totals 59,679.71 0.00 59,679.71 59,679.71

Property/Company Totals for 59,679.71 59,679.710.00 59,679.71

SHOPPING CENTER

SHOPPING CENTER

11/4/2016User: REPORTS

8:38:00AMPage 1 of 2

Account TotalAmount

Check

No.No.

GL Account


AP Expense Distribution

760 -

For Cash Account : All

From 10/1/2016 To 10/31/2016

Invoice

1,800.00 1,800.00760-101716 006998

20,000.00 20,000.00760R-100116 007004

8,500.00 8,500.00760-101116 006989

Vchr Vendor Description

1225-0000 SEC. DEP. CLEARING ACCT.

04398 LA001 - L WILSON. SEC DEPOSIT REFUND 760-1798

1296-0000 DISBURSEMENTS TO OWNER

04405 GON55 - OWNERS DISB

5120-0000 LEGAL & ACCOUNTING FEES

04392 MOOLA - MOORE LAW FIRM, P.C. TRUS ADA LAWSUIT SETTLEMENT

5140-0000 LEASING FEES760-092616 A00058 2,000.00DBA1 - DANA BUTCHER ASSOCIATES ANNUAL LEASING FEE 04382

DBA1 - DANA BUTCHER ASSOCIATES 3 YR TERM LEASE COMMISS. 100.00 2,100.00760-100516 A0005804391

5160-0000 SECURITY1481018 006988 2,325.60TURNE - TURNER SECURITY SYST. INC PAT843 - 9/1/16-9/30/16 04390

TURNE - TURNER SECURITY SYST. INC PAT843 - 8/1/16-8/31/16 2,403.12 4,728.721480344 00700004402

5190-0000 PROFESSIONAL MANAGEMENTDBA1 - DANA BUTCHER ASSOCIATES MGMT FEE 1,938.53 1,938.538499 A0005804396

5210-0000 INSURANCENAT99 - NATIONWIDE 864515863 - POL# 3026818383 7,451.00 7,451.0015863-102116 00700504406

5225-0000 OTHER TAXES & LICENSESFRE65 - CITY OF FRESNO 13805 - ACCT# 13805 349.00 349.00760-101116 00699204394

5310-0000 ELECTRIC / GASPGE - PG&E 65791684882 - 09/09/2016 - 10/09/2016 878.00 878.0084882-101016 E8488204401

5320-0000 WATERFRE55 - CITY OF FRESNO 7271171386 - ACCT# 608.51 608.5171386-092616 00698604387

5340-0000 TRASH REMOVAL0917-000960636 E71386 1,146.44ALL - REPUBLIC SERVICES 309176071386 - 10/01/2016 - 10/31/2016 04385

0917-000960650 E73274 592.01ALL - REPUBLIC SERVICES 309176073274 - 10/01/2016 - 10/31/2016 04386

71386-092616 006986 24.92FRE55 - CITY OF FRESNO 7271171386 - ACCT# 04387

FRE55 - CITY OF FRESNO 7271173274 - ACCT# 6.23 1,769.6073274-101116 00699704397

5405-0000 RESTROOM CAM00367-101116 E00367 62.15PGE - PG&E 15424600367 - 09/10/2016 - 10/10/2016 04400

CLEAN - CLEANSERV DANA2 - SEPTEMBER SERVICE 275.00 337.1566763 00697904380

5412-0000 JANITORIAL SERVICE-EXTKWIK - KWIK & KLEEN SEPTEMBER SERVICE 130.00 130.0015543 A0005604388

5420-0000 TREE TRIMMINGCALTR - CALIFORNIA TREE AND LANDSTREE REMOVAL 2,900.00 2,900.00TD-GK-16-0938 00699604395

5425-0000 GARDENING SERVICESVRLAW - V.R. LAWN SERVICE 760 - SEPTEMBER SERVICE 770.00 770.00760-090116 A0005304383

5435-0000 LOT SWEEPINGCLESW - CLEAN SWEEP SWEEPING SVC SEPTEMBER SERVICE 278.00 278.0041223 00698004381

5450-0000 H V A CTFS - TOTAL FILTRATION SERVICES 45247 - FILTERS 45.49 45.49PSV1547329 00699004393

5455-0000 PEST CONTROL5131 006985 75.00COSTE - COSLO TERMITE & PEST SEPTEMBER SERVICE 04384

COSTE - COSLO TERMITE & PEST OCTOBER SERVICE 75.00 150.005145 00700204404

5485-0000 SEASONAL DECORATIONSSIE60 - SIERRA DISPLAY INC. BULL01 - SEASONAL DECOR 4,945.71 4,945.7121135 00698704389

SHOPPING CENTER

11/4/2016User: REPORTS

8:38:00AMPage 2 of 2

Account TotalAmount

Check

No.No.DescriptionVchr Vendor

GL Account


AP Expense Distribution

760 -

For Cash Account : All

From 10/1/2016 To 10/31/2016

Invoice

59,679.71Distribution Total

Account Account Description Debit Credit

Account Summary

SEC. DEP. CLEARING ACCT. 1,800.001225-0000

DISBURSEMENTS TO OWNER 20,000.001296-0000

LEGAL & ACCOUNTING FEES 8,500.005120-0000

LEASING FEES 2,100.005140-0000

SECURITY 4,728.725160-0000

PROFESSIONAL MANAGEMENT 1,938.535190-0000

INSURANCE 7,451.005210-0000

OTHER TAXES & LICENSES 349.005225-0000

ELECTRIC / GAS 878.005310-0000

WATER 608.515320-0000

TRASH REMOVAL 1,769.605340-0000

RESTROOM CAM 337.155405-0000

JANITORIAL SERVICE-EXT 130.005412-0000

TREE TRIMMING 2,900.005420-0000

GARDENING SERVICES 770.005425-0000

LOT SWEEPING 278.005435-0000

H V A C 45.495450-0000

PEST CONTROL 150.005455-0000

SEASONAL DECORATIONS 4,945.715485-0000

59,679.71CASH-CHECKING 1112-0000

59,679.71 59,679.71

Shopping Center

SHAW / 41 OFFICE BUILDING

155 E. SHAW AVE., FRESNO, CA

50,744 SQ. FT.

CHANNING COURT

1680, 1684, 1690 W. SHAW AVE., FRESNO, CA

78,510 SQ. FT.

ELK GROVE MARKET PLACE

ELK GROVE, CA

202,682 SQ. FT.

ARDEN PLAZA SHOPPING CENTER

SACRAMENTO, CA

80,419 SQ. FT.

PARKWOOD PLAZA SHOPPING CENTER

CEDAR/ NEES FRESNO, CA

74,431 SQ. FT.

ALMOND PLAZA SHOPPING CENTER

7154 – 7222 REGIONAL ST., DUBLIN, CA

51,155 SQ. FT.

CRAYCROFT PARK

PALM / SIERRA, FRESNO, CA

79,710 SQ. FT.

HERNDON / WEST

OWNERS ASSOCIATION FRESNO, CA

40,000 SQ. FT.

CARMEL RANCHO FINANCIAL

CARMEL, CA

30,583 SQ. FT.

donald c. kendig, cpa fcera realty group llc agent 7778 n

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