January 18, 2021 Directors Report.

OUTDOOR RESORT - PALM SPRINGS Operating Income Statement Dec-20

Variance Last year this month This Year to Date

Budget to Date

GL Number

Description

Current Month

Budget

Variance

INCOME

ADMINISTRATION

393,560

393,560

-

362,687

2,361,360

2,361,360

-

3100-100 Assessments

1,499

1,237

262

1,119

5,959

7,418

(1,459)

3106-100 Late Fees/Interest/NSF

-

38

(38)

-

-

228

(228)

3107-100 Special Individual Assessments

2,200

1,084

1,116

2,100

8,600

6,500

2,100

3109-100 Transfer Fees

1,550

625

925

-

6,650

3,750

2,900

3111-100 Escrow Demand Fee

400

650

(250)

750

1,850

2,300

(450)

3119-100 Permit Fee

450

209

241

450

875

1,250

(375)

3151-175 Key Replacement

800

675

125

755

2,345

2,625

(280)

3110-125 Vendor Fees

8,416

12,218

(3,802)

11,588

25,575

39,383

(13,808)

3160-850 Laundry

-

-

-

550

400

-

400

3144-100 Other Income

-

-

-

-

5,890

-

5,890

3148-100 Interest - Operating Account

-

-

-

-

-

-

-

3115-100 Fines and Suspensions

408,876

410,296

(1,420)

379,999

2,419,504

2,424,814

(5,310)

Total Administration Income

EXPENSE

ADMINISTRATION

-

-

-

-

13,750

12,500

(1,250)

4100-100 Audit /Tax Returns

456

210

(246)

510

2,404

387

(2,017)

4109-100 Bank Fees

27

1,347

1,320

16,151

13,043

8,082

(4,961)

4226-100 Board Expenses

-

552

552

552

373

2,124

1,751

4365-300 Credit Card

6,173

4,181

(1,992)

6,043

39,373

33,872

(5,501)

4115-100 Computer

1,206

(323)

1,680

7,645

7,236

(409)

4125-100 First Aid

1,529

(2,229)

(354)

4127-100 Dues & Subscriptions

2,743

514

515

4,492

4,138

87

1,023

4148-100

Permits

-

87

-

116

1,139

8,283

(202)

8,202

50,909

49,694

(1,215)

4139-100 Insurance

8,485

(81)

825

5,436

6,982

1,546

4142-100 Copier Service

1,008

927

715

(1,807)

4,115

5,590

4,491

(1,099)

4145-100 Legal Fees

2,522

277

1,275

4151-100 Meals & Entertainment

180

457

1,361

1,467

2,742

183

1,047

4154-100 Mileage & Travel

-

183

29

51

1,098

51

(788)

360

525

165

4159-100 Office Equipment

90

141

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