March 15, 2021 Regular Meeting Directors Report

OUTDOOR RESORT - PALM SPRINGS Operating Balance Sheet Feb-21

GL Number

Current Month

Last Year

LIABILITIES

CURRENT LIABILITIES

2010-000 2011-000 2013-000

Accounts Payable

(664)

50,459 64,422 18,518 50,499

Accounts Payable Accrual's

33,525 45,908 60,346 16,845

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

7,882 6,450

Sales Tax Payable

2,530

Use Tax

-

-

Occupancy Tax

(5,221)

2,776

Capital Lease Payable

-

-

Employee Appreciation Day Fund

(242)

(242)

Deferred Revenue Café Gratuities Payable Accrued Vacation Prepaid Assessments

-

-

426

351

(11,140) 161,691

28,607 165,037 12,335

2102,2014-000

Prepaid Activities ORPS Events

4,819

2104-000

Prepaid Bar Entertainment

(500)

-

Total Current Liabilities

308,322

407,094

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

2,100 2,400 2,585

1,700 2,500 5,941

Tennis Holding

Resorters Chorus Holding Fitness Center Holding

558

358

6,589

6,389

Computer Club

-

-

Pickle Ball Holding

5,006

4,325

ERT Holding

355

355

Big Star Holding

3,716 2,291

5,875 2,329

Stitch & Bees Quilt

Golf Holding

125

(2,334)

ORPS Golf Club

7,443

5,022

Total Other Liabilities

35,169

34,462

TOTAL OPERATING FUND LIABILITIES

343,490

441,555

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

(31,027)

(91,650) (53,407)

Operating Reserve 2017 2018 Additional Funding

Total

1,301,197

1,409,397

TOTAL LIABILITIES AND FUND BALANCE

1,644,688

1,904,359

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