Directors Report 11.16.20

OUTDOOR RESORT - PALM SPRINGS Operating Balance Sheet Oct-20

GL Number

Current Month

Last Year

LIABILITIES

CURRENT LIABILITIES

2010-000 2011-000 2013-000

Accounts Payable

(1,256) 60,386 45,908 13,418 13,293

138,439 45,802 18,518

Accounts Payable Accrual's

Utilities Accruals Payroll Accrual

2012,2059,2062-000

20,528 (1,020)

2015-000 2016-000 2018-000 2019-000 2020-000 2063-000 2021-000 2030-000 2064-000 2100-000

Worker's Comp Accrual

Sales Tax Payable

816

219

Use Tax

-

-

Occupancy Tax

(4,355)

(1,020)

Capital Lease Payable

-

-

Employee Appreciation Day Fund

(242)

(342)

Deferred Revenue Café Gratuities Payable Accrued Vacation Prepaid Assessments

-

- -

(25)

33,423

35,396

167,427

142,117

2102,2014-000

Prepaid Activities ORPS Events

15

3,669

2104-000

Prepaid Bar Entertainment

-

-

Total Current Liabilities

328,808

402,304

OTHER LIABILITIES Sec Deposit Beauty Shop Sec Deposit Restaurant Sec Deposit Store Tennis Key Deposit

2165-000 2170-000 2175-000 2431-000 2432-000 2405-000 2406-000 2407-000 2408-000 2409-000 2411-000 2412-000 2415-000 2420-000 2490-000

500

500

1,000

1,000

500

500 950 850

1,100 1,100 5,941

Cable Box Deposit

Tennis Holding

5,941

Resorters Chorus Holding Fitness Center Holding

558

852

6,589

6,618

Computer Club

-

-

Pickle Ball Holding

5,348

6,909

ERT Holding

355

355

Big Star Holding

5,297 5,838

1,599 5,369

Stitch & Bees Quilt

Golf Holding

-

(2,374)

ORPS Golf Club

8,691

6,129

Total Other Liabilities

42,818

35,198

TOTAL OPERATING FUND LIABILITIES

371,627

437,502

OPERATING FUND BALANCE 2725-000,2600-000 Operating Fund Balance Beginning

1,332,224

1,473,232

2726-000 2600-000

Operating Fund BalanceTransfers Operating Fund Income(Loss)YTD

81,222

(108,969) 1,223,255

(77,918)

Total

1,476,536

TOTAL LIABILITIES AND FUND BALANCE

1,594,882

1,914,038

**Please note in reviewing the previous years numbers a discrepency was found and corrected**

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