OUTDOOR RESORT PALM SPRINGS OWNERS ASSOCIATION BALANCE SHEET 30-Jun-20
ASSETS
OPERATING FUND RESERVE FUND
CAPITAL FUND
TOTALS
Cash
125,618 939,136 (19,052)
1,099,516 2,754,703
144,334
1,369,469 3,693,840
Certificates of deposit Assessments receivable
(19,052)
Other receivables
(971)
-
(971)
Inventories
12,369 12,648 178,691 223,662
12,369 18,559 176,092
Prepaid expenses
5,910
-
Intercompany receivable (payable) Reserve Intercompany receivable (payable) Capital
(2,599)
(223,662)
-
Other assets
7,167
-
7,167
Property and equipment, net
237,340
- - - -
237,340
- - -
- - -
1,716,609
3,857,531
(79,327)
5,494,813
LIABILITIES Accounts payable and accrued expenses
54,499 163,713 88,093 16,041 322,345
-
-
54,499 163,713 88,093 16,041 322,345
Prepaid assessments
Accrued wages and salaries payable
- - -
Deposits and other liabilities
- -
FUND BALANCES
Fund balance beginning
1,554,454 (53,407) (160,190) 1,340,857
3,264,779
(122,004)
4,697,229
Operating Fund Reserve 2017 2018 Operating Fund Income (Loss) YTD
592,754
42,676
475,240
3,857,531
(79,328)
5,119,060
1,716,609
3,857,531
(79,327)
5,494,813
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