OUTDOOR RESORT PALM SPRINGS OWNER'S ASSOCIATION RESERVE BALANCE SHEET
CURRENT YEAR LAST YEAR
ASSETS
06/30/20
06/30/19
CASH Checking Account - First Foundation Bank
1,099,516
585,998 264,611 158,679
Investment Account - Union Bank
266,753 158,679
Investment Account - Bank of Southern California
Investment Account - Morgan Stanley
2,329,270 3,854,220
2,273,169 3,282,458
RECEIVABLES
Interest Receivable
0 0
0 0
OTHER CURRENT ASSETS Prepaid Other Prepaid Federal Income Tax Prepaid State Income Tax
0
2,219
3,600 2,310 5,910
(3,921) (1,557) (3,259)
TOTAL ASSETS
3,860,131
3,279,199
LIABILITIES
06/30/20
06/30/19
CURRENT LIABILITIES Due to Operations Fund Income Taxes Payable
2,599
14,419
0
2,599
14,419
TOTAL RESERVE FUND LIABILITIES
2,599
14,419
RESERVE FUND BALANCE Reserve Fund Balance Beginning Reserve Fund Income(Loss)YTD
3,264,779
2,910,762
592,754
354,017
3,857,534
3,264,779
TOTAL LIABILITIES AND FUND BALANCE
3,860,131
3,279,199
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