OUTDOOR RESORTS/PALM SPRINGS OWNERS ASSOCIATION
STATEMENTS OF CASH FLOWS
FOR THE YEARS ENDED JUNE 30, 2020 AND 2019
TOTALS
Operating Replacement
Capital
Fund
Fund
Fund
2020
2019
NET CASH FLOW FROM OPERATING ACTIVITIES Excess {deficiency) of revenues over expenses
$ (230,141) $ 558,943 $ 42,675 $ 371,477 $ 268,118
Adjustments to reconcile net revenues over expenses to net cash flow from operating activities: Depreciation
59,342
59,342
51,269
(Increase) Decrease in:
Assessments receivable
(10,498) (4,296) 14,592 (59,087)
(10,498) (4,296) 16,812
277
Inventories
1,622
2,220 14,335
Prepaid expenses
254,870
44,752
Inter-fund receivable/payable
Other assets Increase (Decrease) in: Accounts payable and accrued expenses
24,482 (10,450) 19,345
19,888 (10,450) 19,345
4,594
(53,223) {3,879) 11,943 {13,157)
Prepaid assessments
Accrued wages and salaries payable
Deposits and other liabilities
7,537
7,537
580,092
87,427
473,751
517,840
{193,768)
Net cash provided by operating activities
CASH FLOWS FROM INVESTING ACTIVITIES (Purchase) sale of certificates of deposit
(568,625)
(568,625) (1,759,926)
Sale of invesments
2,000,799
(Purchase) sale of property and equipment
{169,237)
{169,237)
Net cash provided (used) by investing activities
240,873
{737,862)
{169,237)
{568,625)
CASH FLOWS FROM FINANCING ACTIVITIES Payments on capital lease payable
(2,359)
Inter-fund transfers
5,237
{5,237)
Net cash provided (used) by financing activities
5,237
{5,237)
{2,359)
Net increase (decrease) in cash
(357,768)
(264,111)
756,354
6,230
87,427
CASH, beginning of the year
497,292
1,360,042
56,907
1,914,241
1,157,887
CASH, end of the year
$ 139,524 $1,366,272
$ 144,334 $1,650,130 $1,914,241
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid during the year for: Income taxes
$
11,388 $
4,235
- $
$
80
Interest
The accompanying notes are an integral part of these financial statements.
6
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