From the Treasurer

Balance Sheet For December 2022

Cash in the operating accounts totaled $2,777,869.

Cash in the reserve accounts totaled $1,591,110. Cash in the Legal fund totaled $78,693. 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 reserve study, the fully funded reserve account balance as of the end of 2022 should be $2,389,815.

Delinquent accounts receivable totaled $1,162,920. Accounts receivable balances include uncollected fines of $1,065,656. Delinquent receivables are being collected in accordance with the Association’s collection policy.

Income & Expense Statement

For the month ending December 31, 2022, Operating Income amounted to $327,271. The Association incurred $289,885 in expenses which included a transfer of $40,000 to the reserve account.

Reserve fund revenue amounted to $4,829 in interest income and $40,000 transfer from the operating fund. Expenses amounted to $4,829.

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 January 2023

Cash in the operating accounts totaled $2,823,232.

Cash in the reserve accounts totaled $1,639,117. Cash in the Legal fund totaled $78,743. 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 $1,163,878. Accounts receivable balances include uncollected fines of $1,072,026. Delinquent receivables are being collected in accordance with the Association’s collection policy.

Income & Expense Statement

For the month ending January 31, 2023, Operating Income amounted to $382,812. The Association incurred $271,470 in expenses which included a transfer of $48,000 to the reserve account.

Reserve fund revenue amounted to $3,576 in interest income and $48,000 transfer from the operating fund. Expenses amounted to $73,550.

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.