March 15, 2021 Regular Meeting Directors Report

OUTDOOR RESORT - PALM SPRINGS Operating Balance Sheet Feb-21

GL Number

Current Month

Last Year

ASSETS

CASH

1002,1003-000

Petty Cash

5,996

5,900

1019-000 1014-000

Pacific Western - Operating - CD (Working Capital)

-

250,000

Pacific Western - Payroll Account Pacific Western - Operating Account First Foundation - CD (Working Capital)

10,669

46,854

1016,1216-000

228,232 697,772

421,088 689,136

1018-000

Total Operating Cash

942,669

1,412,979

RECEIVABLES

1205-000 1208-000 1209-000 1210-000 1230-000 1215-000 1213-000 1211-000 1212-000 1214-000

Assessment Receivables

20,571

7,648

A/R Reserve A/R Capital A/R Clearing

-

(16,951) 213,500

281,929

-

-

A/R Guest Ledger

(7,441)

(9,203)

A/R Vendini CC Activities A/R Leased Outlets A/R - House Accounts AR- Developement Fund

-

-

250

(883)

- - -

- - -

A/R Transfer Balance Zero Acct.

Total Accounts Receivable

295,309

194,111

OTHER CURRENT ASSETS

1305-000 1320-000 1325-000 1350-000 1470-000 1471-000 1473-000 1490-000

Prepaid Insurance

32,215

32,808

Other Prepaid Expenses Prepaid Worker's Comp

9,650

9,971

- -

- -

Land Available For Sale

Bar Inventory Store Inventory

7,711

9,397

-

-

Bar Happy Hour Food Inventory Golf Merchandise Inventory

256 330

256 330

TOTAL CURRENT ASSETS

50,162

52,762

OTHER ASSETS

1475-000 1480-000

Liquor License

8,812

6,667

Recycling Deposit

500

500

PROPERTY AND EQUIPMENT

1501-000 1502-000 1503-000 1504-000 1506-000 1507-000 1508-000 1509-000 1510-000 1515-000 1520-000 1525-000 1530-000 1535-000 1540-000

LP Recr Equip Furn & Other ES Recr Equip Furn & Other

190,884 154,920 70,099 12,993

190,884 156,389 70,099 12,993

Pool & Spa Equipment

Tennis Equipment

Golf Course Equipment

48,597

48,597

Cafe Improvements

140,372 97,766 30,521 729,614

140,372 97,766 30,521 565,080

Security Improvements Administration Building

Vehicles

Maintenance Equipment

45,566

45,566

Lake & Irrigation Equipment

158,547 102,103 118,007

158,547 118,002 118,007

Office Equipment

Other

Store Equipment & Fixtures

10,115

10,115

Accumulated Depreciation

(1,562,868)

(1,525,598)

PROPERTY AND EQUIP, NET

347,235

237,340

TOTAL ASSETS

1,644,688

1,904,359

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