DESERT HORIZONS OWNERS ASSOCIATION BALANCE SHEET
ASSETS
Replacement January 31, 2025
September 30, 2024
Operating
Total
Operating
Replacement
Total
Fund
Fund
Fund
Fund
ASSETS Cash and cash equivalents Certificates of Deposit
741,276 4,718,545
5,459,821 2,104,432 240,804 309,074
460,359
4,542,118 2,368,313
5,002,477 2,368,313 81,492 130,754 77,775 296,209 34,417 235,329 20,000 40,817,930 49,064,696 -
-
-
2,104,432
- - - - - - - -
Assessments and dues receivable Receivable from the City of Indian Wells
240,804 309,074 47,157 435,137 160,300 - 235,329 20,000
- - - - - - - - -
81,492 130,754 77,775 (600,000) 296,209 34,417 235,329 20,000 40,817,930 41,554,265
Other Receivables Interfund Loan
47,157
-
600,000.00
Inventory
435,137 160,300 235,329 20,000 40,378,026 49,390,080
Prepaid Expenses
Property and Equipment, net accumulated Depreciation
40,378,026
Right-of-use operating lease asset Other Assets - Liquor License
7,510,431
42,567,103 6,822,978
LIABILITIES AND FUND BALANCES
LIABILITIES Accounts Payable Accrued Expenses
6,300
247,348 405,158 428,411 235,329 734,419
366,676 486,692 248,886 235,329 686,459
- - - - - - -
366,676 486,692 248,886 235,329 686,459
241,048 405,158 428,411 235,329 734,419
- - - - -
Prepaid Dues and Assessments Operating Lease Liability
Financing Leases
Notes Payable (Clubhouse Loan)
22,925,170 24,949,212
22,925,170 24,949,212
23,188,067 25,232,432
23,188,067 25,238,732
6,300
FUND BALANCES
Undesignated
617,528
- - -
617,528
(926,330) 16,895,444
- - -
(926,330) 16,895,444 352,719 7,504,131 23,825,964
Property and Equipment Net of Clubhouse Loan and financing leases
16,766,397
16,766,397 233,966 6,822,978 24,440,868
Designated - Clubhouse Renovation
233,966
352,719
Replacement Fund
-
6,822,978
-
7,504,131 7,504,131
17,617,891 6,822,978
16,321,833
7,510,431
49,064,696
42,567,103 6,822,978
49,390,081
41,554,265
Replacement Fund YTD
Balance at September 30, 2024
7,504,131
Additions
Residential Assessments Golf Reserve Dues Social Initiation Assessment Golf Initiation Assesment
663,000 35,450 180,000 68,100
Interest Sub-total
82
946,632
Expenditures
Concrete
- -
Pool Decks Waterscape
84,509 27,330 24,405 220,715 396,316
Paint/Stucco Homes Pools and Spas
Roofs Streets
Pool Equipment
- - - - -
General Maint Vehicles Electrical Updates
Office equipment/Technology
Bocce Courts
Signage
5,760
Total Expenditures
759,035
Golf Expenditures
20,219 20,219
Total Golf Expenditures
Total Expenditures
779,254
Fitness Equipment (Interfund Transfer) Golf Equipment (Interfund Transfer)
190,635 657,896 848,531
Total Interfund Transfer
Replacement Fund Balance as of 01/31/2025
6,822,978
Designated Clubhouse Renovation Fund YTD
Balance at September 30, 2024
352,719 612,000 14,850 (262,898) (336,413) (146,293) 233,966
Capital Assessments Social Capital Fee
Principal Payments on Notes Payable
Interest Expense Expenditures
Designated Clubhouse Renovation Fund as of 01/31/2025
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