OUTDOOR RESORT - PALM SPRINGS 2022-2023 Budget Summary July 1, 2022 - June 30, 2023 Approved by the Board May 16, 2022
ITEM
ANNUAL
MONTHLY/UNIT
REVENUE
Assessments
6,433,729
442.00
Total Administration Revenue (Including Assesments)
6,740,303
463.06
Total Rental/Reimburesement Revenue
565,269
38.83
Total Lifestyles Revenue
216,000
14.84
Total Golf Revenue
21,760
1.49
TOTAL REVENUE
7,543,332
518.23
EXPENSE
Total Administration Expense
836,277
57.45
Total Resort Services Expense
204,908
14.08
Total Lifestyles Expense
341,399
23.45
Total Golf Expense
93,210
6.40
Total Grounds & Greens Expense
1,542,038
105.94
Total Security Expense
456,821
31.38
Total Mailroom Expense
63,027
4.33
Total Facilities Expense
287,094
19.72
Total Maintenance & Repair Expense
556,650
38.24
Total Vehicle Expense
82,568
5.67
Total Utilities Expense
1,039,299
71.40
Total Insurance Expense
397,842
27.33
Budget Contingency
288,678
19.83
TOTAL OPERATING EXPENSE
6,189,809
425.24
Total Reserve Contribution
1,150,124
79.01
Total Capital Contribution
203,399
13.97
TOTAL GROSS EXPENSE
(7,543,332)
518.23
NON-ASSESSMENT INCOME
1,109,603
(76.23)
ASSESSMENT INCOME
6,433,729
442.00
NET INCOME/LOSS
0
0.00
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