Equity Rollforward
Purpose:	To provide an equity rollforward and to tie out to the trial balance
Procedure:	Accountant should run the General Ledger (Reports >> General Ledger) for equity & debt accounts and include detail in schedule
	For the total year equity activity, Accountant should provide a description of and link to support, example: Tax Returns, Audited Financial Statements (columns O and P)
	Accountant should verify schedule ties back to the trial balance w/o/e. Manager to confirm this.
Ownership %	Penzance DC Real Estate Fund II REIT LLC		100.00%											100%
			#REF!	Return of Capital	Dividend Income	Distribution Total	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	Total	Description of Support	Link to Support
2021			(731,015.67)	350,000.00	-	350,000.00	-	-	-	-	-	-	-	(381,015.67)
2022			92,412.45	-	91,000.00	91,000.00	-	-	-	-	-	-	-	183,412.45
Total			(638,603.22)	350,000.00	91,000.00	441,000.00	-	-	-	-	-	-	-	(197,603.22)
Penzance Test
Statement of Changes in Members' Capital
As of May 31, 2022
			3020-00	3040-50	3040-00
Date	Description	Add't Description	#REF!	#REF!	#REF!	Distribution Total	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	#ERROR!	Total
12/2/2021	Initial Contribution		(731,015.67)											(731,015.67)
12/2/2021	Repayment at settlement			350,000.00		350,000.00								350,000.00
4/29/2022	04/22 Distribution				91,000.00	91,000.00								91,000.00
	Total		(731,015.67)	350,000.00	91,000.00	441,000.00	-	-	-	-	-	-	-	(290,015.67)
	Per TB		(731,015.67)	441,000.00	-	-
	Variance		-	(91,000.00)	91,000.00
	Check %		1.52			-