August 13 2020- Director's Report

OUTDOOR RESORT/PALM SPRINGS OWNERS ASSOCATIOSUNMMARY OPERATING FUND REVENUES & EXPENSES

This

Budget Month

Last Year

This Year

Budget to Date

Last Year

REVENUES

Month

Variance

Month

to Date

Variance

to Date

Assessment Revenue

362,687

362,687

-

352,983

4,352,244

4,352,244

-

4,235,796

Lot Revenue

550

2,157 1,195 2,580

(1,607) 10,808

1,872 8,901 3,893

26,083 97,538 306,367 99,732 63,395 94,409 17,105

30,032 63,930 319,635 155,534 68,375 100,397 14,042

(3,949) 33,608 (13,268) (55,802) (4,980) (5,988)

35,192 101,926 347,087 119,417 83,706 101,735 10,491

Rental,Sales Commission & Other Revenue

12,003

Front Office

1,755

(825)

Activities

- -

- -

- -

- -

Bar

Laundry

1,447

1,099

348

1,276

Golf

-

-

-

-

3,063

TOTAL REVENUES

378,442

369,718

8,724

368,925

5,056,872

5,104,189

(47,317)

5,035,350

This

Budget Month

Last Year

This Year

Budget to Date

Last Year

EXPENSES

Month

Variance

Month

to Date

Variance (122,144)

to Date

Administration Expense Front Office Expense

58,100

62,124

4,021 6,736

56,585

979,364 140,104

857,220 149,058

826,588 135,917

2,108

8,844

7,443

8,954

Other Expense Security Expense Mailroom Expense Activities Expense

37,060

36,476

(584)

32,472

456,095 38,634 200,069 67,683

447,452 46,207 253,225 62,905

(8,643)

425,051 35,740 212,610 64,787

378

4,383

4,005

1,683

7,573

(130) (527)

75

205 527 417

427

53,156 (4,778)

Bar Expense

-

- - -

Laundry Expense

- -

417

7,100

7,004

(96)

6,035

Golf Expense

-

-

76,064 254,068

77,014 258,782

950

29,782 237,363

Facilities Expense Grounds Expense

15,428 113,921

12,403 114,838

(3,025)

9,221

4,714 6,535 2,357

917

108,668

1,399,633

1,406,056

1,351,626

Vehicle Maintenance Expense

6,310

6,389

79

3,326

70,376 673,309 854,564

72,733 690,907 922,570

62,714 646,447 836,602

Maintenance Expense

62,772 73,037

54,445 71,527

(8,327) (1,510)

43,144 57,053

17,598 68,006

Utilities Expense

Contigency

-

-

-

-

-

-

-

-

TOTAL EXPENSES

368,457

371,921

3,461

320,021

5,217,062

5,251,133

34,183

4,871,260

NET INCOME (LOSS)

9,985

(2,202)

12,185

48,903

(160,190)

(146,944)

(13,134)

164,090

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