OUTDOOR RESORT PALM SPRINGS OWNERS ASSOCIATION BALANCE SHEET 30-Apr-20
ASSETS
OPERATING FUND RESERVE FUND
CAPITAL FUND
TOTALS
Cash
344,531 939,136 13,093
741,292
129,756
1,215,579 3,674,707
Certificates of deposit Assessments receivable
2,735,571
13,093
Other receivables
(903)
-
(903)
Inventories
12,369 31,248
12,369 37,158 (1,767)
Prepaid expenses
5,910
-
Intercompany receivable (payable) Reserve Intercompany receivable (payable) Capital
8,100
(9,867)
223,662
(223,662)
-
Other assets
7,167
-
7,167
Property and equipment, net
237,340
- - - -
237,340
- - -
- - -
1,815,743
3,472,906
(93,906)
5,194,743
LIABILITIES Accounts payable and accrued expenses
83,305 155,248 62,536 42,384 343,473
-
-
83,305 155,248 62,536 42,384 343,473
Prepaid assessments
Accrued wages and salaries payable
- - -
Deposits and other liabilities
- -
FUND BALANCES
Fund balance beginning
1,554,454
3,264,779
(122,004)
4,697,229
Operating Fund Reserve 2017 2018 Operating Fund Income (Loss) YTD
(53,407) (82,184)
208,127
28,098
154,040
1,418,863
3,472,906
(93,906)
4,797,862
1,815,743
3,472,906
(93,906)
5,194,743
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