June 11, 2020 Directors Report

OUTDOOR RESORT/PALM SPRINGS OWNERS ASSOCATIOSUNMMARY OPERATING FUND REVENUES & EXPENSES

This

Budget Month

Last Year

This Year

Budget to Date

Last Year

REVENUES

Month

Variance

Month

to Date

Variance

to Date

Assessment Revenue

362,687

362,687

-

352,983

3,626,870

3,626,870

-

3,529,830

Lot Revenue

907

2,607

(1,700) (16,185) (19,828)

4,954

25,208 84,140 301,127 99,732 63,395 90,414 17,105

25,718 61,440 312,330 155,534 68,375 97,146 13,892

(510)

31,040 80,942 334,869 119,417 83,706 97,796 10,461

Rental,Sales Commission & Other Revenue

5,564

21,749 15,975

21,134 23,991

22,700

Front Office

(3,853)

(11,203) (55,802) (4,980) (6,732)

Activities

- -

-

-

389 978

Bar

1,000 7,351

(1,000) (3,395)

Laundry

3,956

8,215

Golf

-

456

(456)

717

3,213

TOTAL REVENUES

369,261

411,825

(42,564)

413,360

4,307,990

4,361,305

(53,315)

4,288,061

This

Budget Month 67,788 11,384

Last Year

This Year

Budget to Date

Last Year

EXPENSES

Month

Variance

Month

to Date

Variance (109,230)

to Date

Administration Expense Front Office Expense

68,416 13,699

(631)

69,039 12,439

832,961 125,172

723,365 129,471

714,702 118,072

(2,315)

4,299

Other Expense Security Expense Mailroom Expense Activities Expense

35,176

36,284

1,108

30,414

359,588 34,514 190,192 68,455

374,792 37,441 253,075 62,905

15,205

358,667 30,491 209,415 64,800

4,172

4,383

211

3,126

2,927

13,655

15,057

1,402 3,231 1,417 7,540 8,268

14,026

62,883 (5,550)

Bar Expense

455

3,686 1,417 8,197

222

Laundry Expense

-

1,849 4,227

7,100

6,170

(930) (899)

5,553

Golf Expense

657

74,853 217,170

73,954 233,759

29,181 212,688

Facilities Expense Grounds Expense

15,050 111,911

26,430 112,838

21,761 107,845

16,589

927

1,170,503

1,172,380

1,877 2,060

1,130,726

Vehicle Maintenance Expense

6,514

5,672

(842)

6,631

57,680 536,727 715,261

59,740 565,407 779,507

54,701 543,343 713,051

Maintenance Expense

57,798 55,981

55,068 77,616

(2,730) 21,635

73,174 66,628

28,680 64,246

Utilities Expense

Contigency

-

-

-

-

-

-

-

-

TOTAL EXPENSES

383,483

425,820

39,222

411,381

4,390,175

4,471,966

82,157

4,185,391

NET INCOME (LOSS)

(14,222)

(13,994)

(3,342)

1,979

(82,184)

(110,661)

28,843

102,670

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