Approved by the Board on April 6, 2020 OUTDOOR RESORT - PALM SPRINGS 2020-21 BUDGET SUMMARY July 1, 2020 - June 30, 2021
ITEM
Annual
Monthly/Unit
REVENUE
Assessments
5,909,778 6,156,583
406.00 422.96
Total Administration Revenue (Including Assessments)
Total Rental/Reimbursement Revenue
452,871 119,270 98,835 11,734
31.11
Total Activities Revenue
8.19 6.79 0.81
Total Bar Revenue Total Golf Revenue
TOTAL REVENUE
6,839,293
469.86
EXPENSE
Total Administration Expense
852,062
58.54
Total Resort Services Expense
211,550 282,864 87,125 102,743
14.53 19.43
Total Activities Expense
Total Bar Expense Total Golf Expense
5.99 7.06
Total Grounds & Greens Expense
1,449,160
99.56 32.49
Total Security Expense Total Mailroom Expense Total Facilities Expense
472,968 54,888 262,562 698,894 76,508 880,709 142,136
3.77
18.04 48.01
Total Maintenance & Repair Expense
Total Vehicle Expense Total Utilities Expense Budget Contingency
5.26
60.50
9.76
Total Operating Expense
5,574,169 1,089,524
382.95
Total Reserve Contribution
74.85
Total Capital Improvements Contribution
80,000 95,600
5.50 6.57
Total Working Capital/Development Fund Contribution
TOTAL GROSS EXPENSE NON-ASSESSMENT INCOME
(6,839,293)
(469.86)
929,515
63.86
NET INCOME/LOSS
(5,909,778)
(406.00)
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