October 19, 2020 Directors Report

OUTDOOR RESORT - PALM SPRINGS Forecast

30-Sep-20 Actual vs. Budget

Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Total

Total

Variance

Revenue

Actuals Actual

Actual Budget Budget Budget Budget Budget Budget Budget Budget Budget Actual/Budget Budget

Administration Resort Services

396,086 11,258

402,235

400,056

405,407 22,173

413,708 47,456 32,075 21,025

410,296 48,173 13,403 10,900

418,079 77,816 32,945 21,198

416,840 91,632 33,821 26,967

412,519 77,257 23,026 17,080

404,964 33,705

399,673 16,432

398,520 10,301

4,878,383

4,875,409

2,974

5,038

3,935

445,176 135,270 98,835 11,734

452,871 135,270 98,835 11,734

(7,696)

Lifestyles

- - -

- - -

-

- -

- -

- - -

- - -

Bar

1,665

Golf

-

1,734

1,500

2,228

2,804

2,276

915

277

Total Revenues

407,345

407,273

403,991

429,245

515,998

484,272

552,266

572,064

532,158

439,584

416,382

408,821

5,569,398

5,574,119

(4,721)

Expenses Administration Resort Services

76,952 21,735

64,309 13,200 14,821

71,476 16,059 24,494

70,760 17,747 32,007 11,591 21,058 112,580 39,421

101,164 19,907 30,158 13,935 14,759 112,580 36,850

70,892 18,989 43,424 17,099 14,759 116,580 36,516

72,090 19,994 43,776 13,510 14,759 116,580 36,516

73,614 16,985

67,246 13,928

877,687 206,889 245,817 83,573 100,947

64,435

71,112 22,190 38,466 13,098 14,761 118,580 38,586

73,637 17,677 20,840

891,438 211,550 251,051 83,555 102,743

(13,751) (4,661) (5,234)

8,478

322

113

113

Lifestyles

(2,716)

6

6

7,028

- -

- -

Bar

6

7,294

18

-

-

11,753 140,280 50,618

Golf

(1,796)

10,894 116,580 49,291

(1,796)

1,458,394

Grounds & Greens

153,865 38,625

113,929 36,841

119,180 41,385

121,080 36,517

116,580 36,852

1,449,160

9,234 5,250

478,017 49,431 251,929 732,433 72,089 935,122

Security

472,768 54,888 262,118 729,481 76,316 880,709

1,698

2,013

4,623

4,897

4,997

4,977

4,897

4,897

4,898

Mailroom Facilities

1,659

4,897

4,978

(5,457) (10,189)

13,548 65,234

20,620 72,026

30,296 60,175

23,543 58,629

27,088 59,487

26,304 60,334

24,494 61,922

11,673 65,373

13,957 62,988

11,356 45,939

26,103 59,923

22,947 60,403

Maintenance & Repair Vehicles Maintenance

2,952

4,602

5,790

6,317

6,615

6,380

6,386

5,906

5,925

6,794

4,201

7,052

6,121

(4,227) 54,413

Utilities

89,558

81,482

71,781

103,989 438,856

72,827

74,517

70,013

74,884

87,589

73,026

69,323

66,133

Total Expenses

413,610

426,178

497,636

468,861

502,189

503,849

487,470

496,250

462,443

405,500

389,489

5,492,330

5,465,777

26,553

Net Income/(Loss)

(6,266)

(31,584)

(22,186)

(68,391)

47,137

(17,917)

48,417

84,594

35,908

(22,859)

10,882

19,332

77,068

108,342

(31,275)

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