2020-2021 Budget Report & Annual Policy Statement

OUTDOOR RESORT-PALM SPRINGS OWNERS ASSOCIATION SCT Reserve Consultants, Inc. Job No. 2006-013-15 L3

Year 2021 Reserve Budget (AICPA Approved)

Beginning Balance Jul 01, 2020

Annual Reserve Allocation

Monthly Reserve Allocation

Annual Interest Allocation

Ending Balance Jun 30, 2021

100% Funded Jun 30, 2021

Percent Funded Jun 30, 2021

Location

Expenditure

A Other

$297,673 $92,546 $678,466 $1,045,117 $925,703 $33,801 $272,062 $115,734 $18,024 $129,730 $129,725 $129,307 $104,009 $120,105 $8,292 $51,528 $1,465,898 $107,970

73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62% 73.62%

$403,035.60 $69,211.80 $398,320.56 $693,552.59 $661,494.16 $40,054.78 $160,357.67 $85,626.77 $10,420.72 $98,171.64 $94,480.99 $96,462.37 $86,164.50 $89,669.92 $4,793.80 $29,791.31 $916,594.54 $62,423.70

$106,463.04 $8,871.92 $3,730.57 $294,073.00

$219,156.21 $68,134.93 $499,508.03 $769,448.20 $681,531.70 $24,885.33 $200,300.93 $85,207.21 $13,269.83 $95,510.97 $95,507.26 $95,200.07 $76,574.76 $88,424.80 $6,104.46 $37,936.53

Administration CH‐El Saguaro CH‐La Palma

$18,282.50 $1,523.54

$640.64

$20,000.00 $7,717.01

$105,217.55 $8,768.13 $3,686.93

$183,203.96 $15,267.00 $6,419.65 $113,728.00 $174,735.63 $14,561.30 $6,122.91 $160,821.00

Golf Course

Laundry

$10,580.59

$881.72

$370.75

$26,120.80 $3,900.00 $23,830.70 $29,501.70 $24,805.70 $27,636.00 $33,147.90 $0.00 $25,761.70

Maintenance

$42,358.95 $3,529.91 $1,484.30

Sat (A)

$22,618.56 $1,884.88

$792.58 $96.46 $908.70 $874.53 $892.87 $797.55 $830.00 $44.37 $275.75

Sat (all 6)

$2,752.66

$229.39

Sat (B) Sat (C) Sat (D) Sat (E) Sat (F)

$25,932.33 $2,161.03 $24,957.43 $2,079.79 $25,480.82 $2,123.40 $22,760.61 $1,896.72 $23,686.57 $1,973.88

Shack, Golf Shack, Guard

$1,266.30 $7,869.46

$105.52 $655.79

$0.00 $0.00

Streets Vehicle

$242,121.14 $20,176.76 $8,484.17

$87,960.00 $1,079,239.85

$16,489.40 $1,374.12

$577.81

$0.00

$79,490.90

Taxes

$0

$872.59

$230.50

$19.21

$8.08

$1,111.16

$0.00

Totals:

$5,725,689

73.62%

$4,001,500.00 $1,057,008.00 $88,084.00 $37,038.64 $880,114.67 $4,215,431.97

Report Date 5/8/20 Version 2 9

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