Outdoor Resort – Palm Springs Income Statement Comments September 30, 2020
Revenue: Administrative revenues came in slightly over budget due to late fees, escrow demands, permit fees, vendor fees. Resort Services was significantly under budget due to real estate % of rentals/sales commission not being received, quarterly payments will be received at the end of October or early November. Overall Resort Services was under budget by $5.8k. Lifestyles, 19 th Holes, and Golf were closed for the month of September.
Expense: Administrative came under budget by $3.3k due to board expense, permits, legal fees, 104k, postage, printing, copier service, training and education all being under budget. Resort Services was within budget. Lifestyles was under budget by $2.6k, contributing factors were copier cost, license and permits, payroll taxes, workers compensation and health insurance cost. Grounds and Greens were over budget by $6.6 due to Vintage landscape contract, replacement of multiple irrigation valves, removal of hive, removal of plants and boulders, and deposit for repairs. Security was over budget by $4.5k, the purchase of new uniforms, over time due to holiday were the two factors that contributed to the overage. Mailroom was under budget by $1.6k, scheduling has been adjusted to fit the volume of mail. To date changing the schedule has resulted in a savings to date of $5.4k. Facilities was $11.6k under budget due to housekeepers not returning till October, although they were budgeted for September. Other contributing factors were supplies, payroll taxes, workers compensation and health insurance. Maintenance and repair were $11.9k over budget for the month of September. Safety supplies, which included service of eye washing station, AED service and alarm monitoring/fire suppression contributed to the overage. Clubhouse was over budget due to repair of ice machine, replacement of shades, paint, flexi-glass barriers, rekeying, installation of sink, bird spikes, rekeying oracle. Swimming pools, service to pool, spa heater, repair of pool caused the overage. Street were over budget due to the street repainting. R&M restaurants and laundry were over budget due to additional bases for laundry, jetting of traps for Bella Roma. Maintenance supplies were also over budget, domestic water repair, locks, nuts, pipes, valves, concrete and filters. Vehicle maintenance was within budget for the month of September. September utilities were under budget by $2.8k. Byron is still waiting to hear back to see if we can lower our utilities by changing schedules to move us into lower tiers.
Kristine Gonzalez Controller
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