June 11, 2020 Directors Report

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

Made with FlippingBook flipbook maker