October 19, 2020 Directors Report

OUTDOOR RESORT - PALM SPRINGS Reserve Balance Sheet

GL Number

Current Month Last Year

ASSETS

09/30/20

09/30/19

CASH

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

Checking Account - First Foundation Bank

1,167,447

649,623 265,554 158,679

Investment Account - Union Bank

266,762 158,679

Investment Account - Bank of Southern California

Investment Account - Morgan Stanley

2,336,150 3,929,038

2,278,348 3,352,204

RECEIVABLES

1230-000

Interest Receivable

0 0

0 0

OTHER CURRENT ASSETS

1345-000 1350-000 1355-000

Prepaid Other

0

0 0 0 0

Prepaid Federal Income Tax Prepaid State Income Tax

(6,880) (3,191) (10,071)

TOTAL ASSETS

3,918,967

3,352,204

LIABILITIES

09/30/20

09/30/19

CURRENT LIABILITIES Due to Operations Fund

2240-000 2305-000

113,470

128,821

Income Taxes Payable

0

0

113,470

128,821

113,470

128,821

TOTAL RESERVE FUND LIABILITIES

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

2625-000

3,818,487 (12,990) 3,805,497

3,264,779 (41,397) 3,223,382

TOTAL LIABILITIES AND FUND BALANCE

3,918,967

3,352,204

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