From the Treasurer

Balance Sheet For April 2023

Cash in the operating accounts totaled $2,708,298.

Cash in the reserve accounts totaled $1,758,244 Cash in the Legal fund totaled $78,887. The Association is in compli ance with paragraph (b) of subsection 2 of NRS116.3115 and that reserve funds have not been used for daily maintenance. According to the 2022 reserve study, the fully funded reserve account balance as of the end of 2023 should be $2,014,291.

Delinquent accounts receivable totaled $1,087,016. Accounts receivable balances include uncollected fines of $1,007,136. Delinquent receivables are being collected in accordance with the Association’s collection policy.

Income & Expense Statement

For the month ending April 30, 2023, Operating Income amounted to $373,104. The Association incurred $269,129 in expenses which included a transfer of $48,000 to the reserve account.

Reserve fund revenue amounted to $1,284 in interest income and $48,000 transfer from the operating fund. Expenses amounted to $177,873.

The Board acknowledges that they have fulfilled their duty to review the financial statements in accordance with NRS 116.31083 subject to any current NRS or NAC required year-end audit or review.

Balance Sheet For May 2023

Cash in the operating accounts totaled $2,868,094.

Cash in the reserve accounts totaled $1,807,749

Cash in the Legal fund totaled $78,938. The Association is in compliance with paragraph (b) of subsection 2 of NRS116.3115 and that reserve funds have not been used for daily maintenance. According to the 2022 reserve study, the fully funded reserve account balance as of the end of 2023 should be $2,014,291.

Delinquent accounts receivable totaled $1,069,429. Accounts receivable balances include uncollected fines of $987,434. Delinquent receivables are being collected in accordance with the Association’s collection policy.

Income & Expense Statement

For the month ending May 31, 2023, Operating Income amounted to $328,908. The Association incurred $309,539 in expenses which included a transfer of $48,000 to the reserve account.

Reserve fund revenue amounted to $23,375 in interest income and $48,000 transfer from the operating fund. Expenses amounted to $23,375.

The Board acknowledges that they have fulfilled their duty to review the financial statements in accordance with NRS 116.31083 subject to any current NRS or NAC required year-end audit or review

The main mailing/billing address or primary address will receive ALL correspondences from the Association. The second (usually a property manager or management company) and third address (home) will receive non-compliance letters only. If you would like to add a third address to your account, please email management at AlianteMaster@FSRNevada.com.

* Please note the request must be in writing from the deeded owner or their authorized representative.