January 18, 2021 Directors Report.

OUTDOOR RESORT - PALM SPRINGS Operating Summary Income Statement Dec-20

Budget to Date

Current Month

Budget

Variance

Last year this month YTD

Variance

Revenue Administration Resort Services

408,876 32,507 10,000

410,296 48,173 13,403 10,900

(1,420) (15,666) (3,403) (10,900)

379,999 45,477 13,251

2,419,504

2,424,814

(5,310) (43,583) (34,839) (30,883)

102,145 10,639

145,728 45,478 33,590

Lifestyles

Bar

-

8,655 1,386

2,707 3,237

Golf

1,346

1,500

(154)

3,234

3

Total Revenues

452,729

484,272

(31,543)

448,769

2,538,231

2,652,844

(114,613)

Budget to Date

Current Month

Budget

Variance

Last year this month YTD

Variance

Expenses Administration Resort Services

90,276 19,856 16,087

101,164 19,907 29,648 14,445 14,759 112,580 36,850

10,888

127,975 25,683 38,869 13,960 14,124 108,329 27,795

425,782 91,997 55,226

462,847 101,787 102,789 34,084 47,570 743,180 238,490 25,344 136,640 358,538 38,132 431,375

37,065

51

9,790

Lifestyles

13,561 14,098

47,564 25,092 16,998

Bar

347

8,992

Golf

10,046 116,071 40,239

4,713

30,572 769,009 228,322 19,791 119,896 372,127 33,907 502,089

Grounds & Greens

(3,491) (3,389)

(25,829)

Security Mailroom Facilities

10,168

4,647

4,997

350

4,415

5,553

24,498 69,707

27,088 59,487

2,590

27,100 56,959

16,744

Maintenance & Repair Vehicles Maintenance

(10,220)

(13,589)

7,279

6,380

(899)

4,796

4,225

Utilities

78,928

74,884

(4,044)

68,759

(70,714)

Total Expenses

477,982

502,189

24,207

518,763

2,657,710

2,720,776

63,066

Net Income/Loss

(25,253)

(17,917)

(7,336)

(69,994)

(119,479)

(67,932)

(51,547)

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