June 11, 2020 Directors Report

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

REVENUES Assessment & Lot Revenue: =======================

This

Budget

Last Year

This Year

Budget

Last Year

Month

Month Variance

Month

to Date

to Date Variance

to Date

Operating Assessments

362,687

362,687

-

352,983

3,626,870

3,626,870

-

3,529,830

Fees & Permits

907

2,607

(1,700) (1,700)

4,954

25,208

25,718

(510) (510)

31,040

TOTAL REVENUES

363,594

365,294

357,937

3,652,078

3,652,588

3,560,870

Rental & Other Revenue: ======================= Real Estate Office Commission

5,044

19,400

(14,356)

16,020

50,569

35,600

14,969

39,225

Real Estate Office Rent

-

-

-

-

-

-

-

-

Other Income

520

1,099 1,250

(579)

4,415

24,630

12,278 13,562 61,440

12,352 (4,621) 22,700

31,911

Proximity Cards & Transponders

-

(1,250) (16,185)

699

8,941

9,806

TOTAL REVENUES

5,564

21,749

21,134

84,140

80,942

EXPENSES Administrative Expenses: ======================= CPA Audit Expense

- -

250

250

- - -

11,750

12,500

750

11,650

Bad Debt Bank Fees

-

-

-

-

-

-

393 348

83

(313)

2,412

830

(1,582) (49,814)

179

Board Expense

1,040

692 578

1,992

65,982

16,168

13,276

Credit Card Expense Cash (Over)/Short

22

600

901

8,825

8,600

(225)

6,608

-

-

-

0

(2)

-

2

37

Computers

6,747

6,098

(649)

8,118

62,493

60,980

(1,513) (9,194)

70,662

First Aid

-

30

30

-

9,494 7,021

300

-

Dues & Subscriptions

467

150

(317)

197

6,549

(472) (860) (701)

5,251

Insurance

8,202

8,116

(86) (98)

7,880 2,292 2,705

82,020

81,160

78,804 10,669 14,783

Photocopier Service

938

840 700

9,977

9,276 7,000 1,577 4,650 1,830

Legal Fees

3,378

(2,678)

19,580

(12,580)

License/Permits

-

-

-

-

986

591

1,327 4,210

Meals & Entertainment Mileage/Travel Office Equipment Office Supplies Payroll Services Postage & Delivery

320

200 183

(120)

196

4,772

(122)

3

180 128

21

700 421

1,130

851 833

(45)

83

-

830

409

1,033 1,273 2,102 3,078

667

(366)

614

5,377

6,670

1,293

3,987

1,288

15

1,457

12,735

12,880

145 909

12,366

650 300

(1,452) (2,778)

640

5,141

6,050 3,900 1,900

3,529

Printing Radios

(1,737)

16,597

(12,697)

13,003

- - -

-

-

- - -

697

1,203

887 116

Recruitment

83

83

22,118

830

(21,288)

Retirement of Assets - Loss/(Gain)

-

-

-

-

-

-

Safety Incentives

591

300 150 100

(291)

519 228

4,290 1,395

4,140 1,500 1,000

(150)

2,017 1,104 4,052

Storage

-

150

105

Training & Education

40

60

1,134

11,317

(10,317)

Uniforms Web Site

-

-

-

- -

-

-

-

22

409

810

401

2,195 1,892 8,700

1,400 1,450 6,500

(795) (442)

1,022 1,627 5,300

Employee Substance Test Employee Appreciation Gifts

50

- - -

(50)

132

- -

- -

- -

(2,200)

Interest Expense

1

-

(1)

80

Wages

34,063

36,316

2,253 3,747

33,462

383,271 70,437 832,595

375,385 87,510 723,365

(7,886) 17,073

362,818 83,632 714,702

Payroll Taxes & Emp Benefits

5,004

8,751

8,286

TOTAL EXPENSES

68,416

67,788

(631)

69,039

(109,230)

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