OUTDOOR RESORT - PALM SPRINGS 2024-2025 Budget Summary July 1, 2024 - June 30, 2025 Approved by the Board- May 20, 2024
ITEM
ANNUAL
MONTHLY/UNIT
REVENUE
Assessments
7,336,191
504.00
Total Administration Revenue (Including Assesments)
7,699,131
528.93
Total Rental/Reimburesement Revenue
483,641
33.23
Total Lifestyles Revenue
364,250
25.02
Total Golf Revenue
20,650
1.42
TOTAL REVENUE
8,567,672
588.60
EXPENSE
Total Administration Expense
959,217
65.90
Total Resort Services Expense
247,482
17.00
Total Lifestyles Expense
543,193
37.32
Total Golf Expense
91,170
6.26
Total Grounds & Greens Expense
1,466,690
100.76
Total Security Expense
531,791
36.53
Total Mailroom Expense
69,225
4.76
Total Facilities Expense
351,400
24.14
Total Maintenance & Repair Expense
799,181
54.90
Total Vehicle Expense
86,873
5.97
Total Utilities Expense
1,071,926
73.64
Total Insurance Expense
648,079
44.52
TOTAL OPERATING EXPENSE
6,866,227
471.71
Budget Contingency
171,656
11.79
Total Reserve Contribution
1,333,774
91.63
Total Capital Contribution
196,016
13.47
TOTAL GROSS EXPENSE
(8,567,672)
588.60
NON-ASSESSMENT INCOME
1,231,481
(84.60)
ASSESSMENT INCOME
7,336,191
504.00
NET INCOME/LOSS
0
0.00
4
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