Directors Report 11.16.20

OUTDOOR RESORT - PALM SPRINGS Reserve Balance Sheet

GL Number

Current Month Last Year

ASSETS

10/31/20 10/31/19

CASH

1065-000 1070-000 1075-000 1080-000

Checking Account - First Foundation Bank

1,142,570 629,330 266,765 266,052 158,679 158,679 2,337,346 2,280,608 3,905,360 3,334,669

Investment Account - Union Bank

Investment Account - Bank of Southern California

Investment Account - Morgan Stanley

RECEIVABLES

1230-000

Interest Receivable

0 0

0 0

OTHER CURRENT ASSETS

1345-000 1350-000 1355-000

Prepaid Other

0

0

Prepaid Federal Income Tax Prepaid State Income Tax

(6,880) (3,191) (10,071)

1,800

990

2,790

TOTAL ASSETS

3,895,288 3,337,459

LIABILITIES

10/31/20 10/31/19

CURRENT LIABILITIES Due to Operations Fund

2240-000 2305-000

18,533 219,046 0 18,533 219,046 0

Income Taxes Payable

18,533 219,046

TOTAL RESERVE FUND LIABILITIES

RESERVE FUND BALANCE Reserve Fund Balance Beginning Reserve Fund Income(Loss)YTD

2625-000

3,818,487 3,264,779 58,269 (146,367) 3,876,756 3,118,412

TOTAL LIABILITIES AND FUND BALANCE

3,895,288 3,337,459

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