STATEMENTS OF REVENUES AND EXPENSES DESERT HORIZONS OWNERS ASSOCIATION January 31, 2025
ACTUAL
BUDGET
YTD ACTUAL
YTD BUDGET
Operating Replacement January-25 Operating Replacement January-25
Operating Replacement
January-25 Operating Replacement
January-25
Fund
Fund
Fund
Fund
Fund
Fund
Fund
Fund
OPERATING REVENUES Residential Assessments Social Membership Dues
611,260 221,760 403,721 289,843 17,350 42,500 1,250 7,000
1,782,040 916,972 1,706,308 869,953 89,028 178,320
663,000
2,445,040 1,782,040
663,000 2,445,040
445,510 165,750
611,260 231,028 445,648 260,447 32,439 44,580
445,510 165,750
-
916,972
887,040
-
887,040
231,028 436,748 260,447 32,439 44,580
-
221,760 394,821 289,843 17,350 42,500 1,250 7,000
-
Golf Income
8,900
8,900
35,450
1,741,758 1,642,108
35,450 1,677,558
Food and Beverage Income
- - - - -
- - - - - - - - - - - - -
- - - - -
869,953 89,028 178,320 4,568 26,047
986,415 42,300 170,000 5,000 23,000
- - - - - - - - - - - - -
986,415 42,300 170,000 5,000 23,000
Fitness
LLMD income
Security Home Watch Service
605
605
4,568 26,047
Sales Office Rent Interest Income
13,830
13,830
-
20
20
-
-
-
82
82
-
-
Miscellaneous Income
8,969
-
8,969
11,425
11,425
26,388
-
26,388
45,700
45,700
1,474,155 174,670
1,648,825 1,431,459
174,650
1,606,109
5,599,623
698,532
6,298,155 5,583,603
698,450 6,282,053
OPERATING EXPENSES Golf Food and Beverage
351,303 390,069 504,670 88,015 57,527 9,351
- - - - - -
351,303 390,069 504,670 88,015 57,527 9,351 120,264
344,258 396,899 544,905 99,576 45,141 10,415
344,258 396,899 544,905 99,576 45,141 10,415 120,264 1,561,458
1,611,079 1,369,896 2,263,480 328,656 206,677 35,334
1,658,975 1,334,709 2,349,327 365,512 163,770 43,194 779,254
- - - - - -
1,611,079 1,658,975 1,369,896 1,334,709 2,263,480 2,349,327
Community Expenses and Admin
328,656 206,677 35,334 779,254
365,512 163,770 43,194
Clubhouse
Fitness Courts
779,254 779,254
-
779,254
Replacement Fund Expenditures
-
120,264
-
120,264 120,264
-
1,400,935 120,264
1,521,199 1,441,194
779,254 6,694,741
5,815,122
6,594,376 5,915,487
44,651
(215,499)
(80,722)
(296,221)
(331,884)
(80,804)
(412,688)
Excess (Deficiency) of Operating expenses over revenue 73,220
54,406
127,626
(9,735)
5 4,386
NON-OPERATING INCOME/EXPENSE Capital Assessments
153,000
-
153,000 50,000 23,100
153,000
- - - - - - - - - -
153,000
612,000
-
612,000 180,000 68,100 14,850 90,774 885,870 (586,196) (336,413) (17,860) 911,125
612,000
- - - - - - - - - -
612,000
- - - - - - - -
- - - - - - - -
Social Initiation Assessment Golf Initiation Assessment Social Capital Fee Additional Golf Dues Prior Year Assessment
- -
50,000 23,100
- - - - - - - -
- - - - - - - -
- -
180,000 68,100
3,600
- - - - - -
3,600
14,850 90,774 885,870 (586,196) (336,413) (17,860) 663,025
- - - - - -
(77,538)
(77,538)
-
-
Depreciation
(146,549) (85,115) (17,860) (170,462)
(146,549) (85,115) (17,860) (97,362)
Loan Interest Expense
Taxes
73,100
153,000
153,000
248,100
612,000
612,000
Excess (Deficiency) of Revenues over expenses
$
(97,241)
$ 127,506 $
30,264 $ 143,265 $ 54,386 $
197,651
$
447,526 $
167,378 $
614,904 $ 280,116 $ (80,804) $
199,312
Fund Balance Beginning of the Year Excess of Revenues Over Expenses
16,321,833
7,504,131 167,378 (848,531)
23,825,964
447,526 848,531
614,904
Interfund transfers
-
Fund Balances end of period
$ 17,617,890 $ 6,822,978 $ 24,440,868
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