January 18, 2021 Directors Report.

OUTDOOR RESORT - PALM SPRINGS Operating Balance Sheet Dec-20

GL Number

Current Month

Last Year

ASSETS

CASH

1002,1003-000

Petty Cash

5,996

5,750

1019-000 1014-000

Pacific Western - Operating - CD (Working Capital)

-

250,000

Pacific Western - Payroll Account Pacific Western - Operating Account First Foundation - CD (Working Capital)

17,358 60,456 697,772

21,319

1016,1216-000

166,930 689,136

1018-000

Total Operating Cash

781,584

1,133,135

RECEIVABLES

1205-000 1208-000 1209-000 1210-000 1230-000 1215-000 1213-000 1211-000 1212-000 1214-000

Assessment Receivables

26,945 83,617 281,929

9,566

A/R Reserve A/R Capital A/R Clearing

216,834 205,870

-

-

A/R Guest Ledger

(8,695)

(19,246)

A/R Vendini CC Activities A/R Leased Outlets A/R - House Accounts AR- Developement Fund

-

-

(363)

(783)

- - -

- - -

A/R Transfer Balance Zero Acct.

Total Accounts Receivable

383,433

412,241

OTHER CURRENT ASSETS

1305-000 1320-000 1325-000 1350-000 1470-000 1471-000 1473-000 1490-000

Prepaid Insurance

49,185 11,912

49,212 12,302

Other Prepaid Expenses Prepaid Worker's Comp

- -

- -

Land Available For Sale

Bar Inventory Store Inventory

9,312

8,815

-

-

Bar Happy Hour Food Inventory Golf Merchandise Inventory

256 330

256 330

TOTAL CURRENT ASSETS

70,995

70,915

OTHER ASSETS

1475-000 1480-000

Liquor License

8,812

6,667

Recycling Deposit

500

500

PROPERTY AND EQUIPMENT

1501-000 1502-000 1503-000 1504-000 1506-000 1507-000 1508-000 1509-000 1510-000 1515-000 1520-000 1525-000 1530-000 1535-000 1540-000

LP Recr Equip Furn & Other ES Recr Equip Furn & Other

190,884 154,920 70,099 12,993

190,884 156,389 70,099 12,993

Pool & Spa Equipment

Tennis Equipment

Golf Course Equipment

48,597

48,597

Cafe Improvements

140,372 97,766 30,521 729,614

140,372 97,766 30,521 565,080

Security Improvements Administration Building

Vehicles

Maintenance Equipment

45,566

45,566

Lake & Irrigation Equipment

158,547 102,103 118,007

158,547 118,002 118,007

Office Equipment

Other

Store Equipment & Fixtures

10,115

10,115

Accumulated Depreciation

(1,562,868)

(1,525,598)

PROPERTY AND EQUIP, NET

347,235

237,340

TOTAL ASSETS

1,592,559

1,860,798

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