August 13 2020- Director's Report

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

REVENUES Assessment & Lot Revenue: =======================

This

Budget

Last Year

This Year

Budget

Last Year

Month

Month Variance

Month

to Date

to Date Variance

to Date

Operating Assessments

362,687

362,687

-

352,983

4,352,244

4,352,244

-

4,235,796

Fees & Permits

550

2,157

(1,607) (1,607)

1,872

26,083

30,032

(3,949) (3,949)

35,192

TOTAL REVENUES

363,237

364,844

354,855

4,378,327

4,382,276

4,270,988

Rental & Other Revenue: ======================= Real Estate Office Commission

11,578

- -

11,578

1,146

62,758

35,600

27,158

51,596

Real Estate Office Rent

-

-

-

-

-

-

-

Other Income

425

945 250

(520) (250)

7,608

25,838

13,918 14,412 63,930

11,920 (5,471) 33,608

39,995 10,335 101,926

Proximity Cards & Transponders

-

147

8,941

TOTAL REVENUES

12,003

1,195

10,808

8,901

97,538

EXPENSES Administrative Expenses: ======================= CPA Audit Expense

- -

- -

- -

- - - -

11,750

12,500

750

11,650

Bad Debt Bank Fees

-

-

-

-

203

83

(123)

2,916

996

(1,920) (52,123)

179

Board Expense

1,065

-

(1,065)

68,291

16,168

13,660

Credit Card Expense Cash (Over)/Short

- -

200

200

192

8,825

9,000

175

6,994

-

-

-

-

-

-

8

Computers

4,581

6,098

1,517

7,332

75,419 11,023

73,176

(2,243) (10,663) (1,568) (1,032)

82,945

First Aid

-

30

30

-

360

-

Dues & Subscriptions

707

150

(557)

1,125 7,880

8,717

7,149

7,580

Insurance

8,202

8,116 1,132

(86)

98,424 11,142 24,041

97,392 11,248

94,564 12,284 16,690

Photocopier Service

351

781

770

106

Legal Fees

2,719

700

(2,019)

1,079

8,400 1,577 5,550 2,196

(15,641)

License/Permits

-

-

-

-

986

591 373

1,327 4,565 1,067 1,058 4,512

Meals & Entertainment Mileage/Travel Office Equipment Office Supplies Payroll Services Postage & Delivery

33

500 183

467 183

217

5,177

-

24

700 511

1,496

45

83

38

135 273 953 731

996

485 424 160

2,000 1,059

667

(1,333)

7,580

8,004

1,292

233 330

15,300

15,460

14,857

270

600

5,641

8,650 6,400 2,250

3,009

5,634

Printing Radios

- - - -

1,000

1,000

- - - -

19,326

(12,926)

18,413

-

-

697

1,553

1,320

Recruitment

83

83

22,118

996

(21,122)

116

Retirement of Assets - Loss/(Gain)

-

-

-

-

-

-

Safety Incentives

613 363

300 150 100

(313) (213)

684 135 392

4,903 1,921

5,450 1,800 6,104

547

2,701 1,383 4,662

Storage

(121)

Training & Education

- -

100

11,317

(5,213)

Uniforms Web Site

-

-

-

-

-

-

22

353

505

152

160

2,765 1,932 8,700

1,905 1,450 6,500

(860) (482)

1,398 1,697 5,300

Employee Substance Test Employee Appreciation Gifts

5

- - -

(5)

50

- -

- -

- -

(2,200)

Interest Expense

1

-

(1)

80

Wages

30,006

31,401

1,395 3,227 4,021

27,467

463,940 85,301 979,364

440,531 105,012 857,220

(23,409)

411,690 98,233 826,588

Payroll Taxes & Emp Benefits

5,524

8,751

6,985

19,711

TOTAL EXPENSES

58,100

62,124

56,585

(122,144)

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