Directors Report

OUTDOOR RESORT - PALM SPRINGS Operating Balance Sheet Nov-20

GL Number

Current Month

Last Year

LIABILITIES

CURRENT LIABILITIES

2010-000 2011-000 2013-000

Accounts Payable

(750)

46,763 35,648 18,518 32,471

Accounts Payable Accrual's

40,797 45,908 (1,184) 19,303

Utilities Accruals Payroll Accrual

2012,2059,2062-000

2015-000 2016-000 2018-000 2019-000 2020-000 2063-000 2021-000 2030-000 2064-000 2100-000

Worker's Comp Accrual

1,220 1,369

Sales Tax Payable

1,371

Use Tax

-

-

Occupancy Tax

(4,024)

671

Capital Lease Payable

-

-

Employee Appreciation Day Fund

(242)

(342)

Deferred Revenue Café Gratuities Payable Accrued Vacation Prepaid Assessments

-

-

15

61

36,920 183,431

36,423 172,188

2102,2014-000

Prepaid Activities ORPS Events

15

12,815 (1,350)

2104-000

Prepaid Bar Entertainment

-

Total Current Liabilities

321,560

356,456

OTHER LIABILITIES Sec Deposit Beauty Shop Sec Deposit Restaurant

2165-000 2170-000 2175-000 2431-000 2432-000 2405-000 2406-000 2407-000 2408-000 2409-000 2411-000 2412-000 2415-000 2420-000 2490-000

500

500

1,000

1,000

Sec Deposit Store Tennis Key Deposit Cable Box Deposit

500

500

1,700 2,000 5,941

1,150 1,250 5,941

Tennis Holding

Resorters Chorus Holding Fitness Center Holding

558

358

6,589

6,618

Computer Club

-

-

Pickle Ball Holding

4,934

6,409

ERT Holding

355

355

Big Star Holding

5,297 4,935

1,599 2,582

Stitch & Bees Quilt

Golf Holding

-

(2,374)

ORPS Golf Club

8,591

4,629

Total Other Liabilities

42,901

30,518

TOTAL OPERATING FUND LIABILITIES

364,461

386,974

OPERATING FUND BALANCE 2725-000,2600-000 Operating Fund Balance Beginning

1,332,224

1,473,232

2726-000 2600-000

Operating Fund BalanceTransfers Operating Fund Income(Loss)YTD

81,222

(94,311)

(68,568) (53,407)

Operating Reserve 2017 2018 Additional Funding

Total

1,237,914

1,432,479

TOTAL LIABILITIES AND FUND BALANCE

1,602,374

1,872,860

** Please note in reviewing last years numbers a discrepency was found and corrected**

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