March 15, 2021 Regular Meeting Directors Report

OUTDOOR RESORT - PALM SPRINGS Reserve Balance Sheet Feb-21

GL Number

Current Month Last Year

ASSETS CASH

1065-000 1070-000 1075-000 1080-000

Checking Account - First Foundation Bank

1,370,374 524,570 266,773 266,697 158,898 158,679 2,357,847 2,306,762 4,153,893 3,256,709

Investment Account - Union Bank

Investment Account - Bank of Southern California

Investment Account - Morgan Stanley

RECEIVABLES

1230-000

Interest Receivable

0 0

0 0

OTHER CURRENT ASSETS

1345-000 1350-000 1355-000

Prepaid Other

0

0

Prepaid Federal Income Tax Prepaid State Income Tax

160

3,600 2,310 5,910

4,721 4,881

TOTAL ASSETS

4,158,774 3,262,619

LIABILITIES

CURRENT LIABILITIES

2000-000 Accounts Payable

(26,300)

0

2240-000 2305-000

Due to Operations Fund Income Taxes Payable

0 (23,812)

0

0

(26,300)

(23,812)

(26,300)

(23,812)

TOTAL RESERVE FUND LIABILITIES

RESERVE FUND BALANCE Reserve Fund Balance Beginning Reserve Fund Income(Loss)YTD

2625-000

4,132,474 3,264,779 313,987 21,652 4,446,461 3,286,431

TOTAL LIABILITIES AND FUND BALANCE

4,169,245 3,262,619

**Note there is a $10,471 variance that will be reconciled in March**

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