June 11, 2020 Directors Report

OUTDOOR RESORT PALM SPRINGS OWNERS ASSOC OPERATING BALANCE SHEET

4/30/2020

4/30/2019

CURRENT YEAR LAST YEAR

ASSETS

CASH Petty Cash

2,946

3,300

Pacific Western - Operating - CD (Working Capital)

250,000 125,265 216,320 689,136

-

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

82,129 646,151 682,004

1,283,667

1,413,584

RECEIVABLES Assessment Receivables

13,093

11,043 23,265 178,910

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

8,100

223,662

-

-

A/R Guest Ledger

581

1,708

A/R Vendini CC Activities

-

- -

A/R Leased Outlets

(1,483)

243,952

214,926

OTHER CURRENT ASSETS Prepaid Insurance Other Prepaid Expenses

16,404 14,844

15,761 10,911

Prepaid Worker's Comp Land Available For Sale

- -

3,300

Inventories

12,369 43,617

29,972

TOTAL CURRENT ASSETS

1,571,236

1,658,482

OTHER ASSETS Deposits

7,167 7,167

7,167 7,167

PROPERTY AND EQUIPMENT Fixed Assets Accumulated Deprecitation PROPERTY AND EQUIP, NET

1,762,938 (1,525,598)

1,762,938 (1,474,329)

237,340

288,609

TOTAL ASSETS

1,815,743

1,954,258

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