Directors Report 9.21.20

OUTDOOR RESORT - PALM SPRINGS Development Fund Balance Sheet 31-Aug-20

GL Number

Current Month Last Year

ASSETS

08/31/20

08/31/19

CASH 1075-000 Cash Account - Union Bank

166,027 71,471 0 166,027 71,471 0

1345-000 Prepaid Expenses

RECEIVABLES

0

0

TOTAL ASSETS

166,027 71,471

LIABILITIES

08/31/20 08/31/19

CURRENT LIABILITIES 2250-000 Due to Operations Fund

252,938 183,294 252,938 183,294

252,938 183,294

TOTAL DEVELOP. FUND LIABILITIES

DEVELOP. FUND BALANCE 2630-000 Development Fund Balance Beginning

(79,327) (122,004) 10,180 (86,911) (111,824) (7,583)

Development Fund Income(Loss)YTD

TOTAL LIABILITIES

166,027 71,471

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