OUTDOOR RESORT PALM SPRINGS OWNER'S ASSOCIATION RESERVE BALANCE SHEET
CURRENT YEAR
LAST YEAR
ASSETS
04/30/20
04/30/19
CASH Checking Account - First Foundation Bank
741,292 266,751 158,679
1,136,421
Investment Account - Union Bank
261,379 158,243
Investment Account - Bank of Southern California
Investment Account - Morgan Stanley
2,310,140 3,476,863
1,500,000 3,056,043
RECEIVABLES
Interest Receivable
0 0
0 0
OTHER CURRENT ASSETS Prepaid Other Prepaid Federal Income Tax Prepaid State Income Tax
0
3,600 2,310 5,910
1,620 1,220 2,840
TOTAL ASSETS
3,482,773
3,058,883
LIABILITIES
04/30/20
04/30/19
CURRENT LIABILITIES Due to Operations Fund Income Taxes Payable
9,867
5,574
0
9,867
5,574
TOTAL RESERVE FUND LIABILITIES
9,867
5,574
RESERVE FUND BALANCE Reserve Fund Balance Beginning Reserve Fund Income(Loss)YTD
3,264,779
2,910,762
208,127
142,546
3,472,906
3,053,308
TOTAL LIABILITIES AND FUND BALANCE
3,482,773
3,058,883
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