DOBSON ASSOCIATION, INC. Comparison January 2019 - April 2019 Income & Expense Summary January 2019 Revenues Homeowner Revenues Residential Assessments $ 227,930 Commercial Assessments $ 10,351 Allowance for Doubtful Accounts $ 9,679 Transfer & Disclosure Fees $ 7,200 Late Fees & Legal Fines $ 8,344 Dishonored Check fees $ Collection Fees $ 975 CC&R Fines $ 4,810 Rental Registration Fees $ 600 Escrow Rush Fees $ 100 License/ID Cards $ 864 Other $ 1,350 Total Homeowner Revenues $ 272,203 Other Revenues Lake Park Village Water Revenue Interest on Operating Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
Current Month February 2019
March 2019
April 2019
$ $ $ $ $ $ $ $ $ $ $ $ $
227,930 763 4,150 13,200 (733) 40 1,476 4,350 300 100 589 261 252,425
$ $ $ $ $ $ $ $ $ $ $ $ $
227,930 763 2,491 16,000 1,421 60 471 5,800 350 200 992 (333) 256,146
$ $ $ $ $ $ $ $ $ $ $ $ $
227,930 7,701 (8,496) 16,000 7,980 20 655 2,470 375 200 405 255,239
$ $ $ $ $ $ $ $
1,282 3,186 3,803 1,244 5,158 2,830 1,037 18,539
$ $ $ $ $ $ $ $
3,143 3,377 1,316 7,474 1,990 3,704 21,004
$ $ $ $ $ $ $ $
3,619 3,516 6,209 5,576 1,940 2,482 23,341
$ $ $ $ $ $ $ $
3,374 3,061 15,505 5,203 1,890 1,608 30,641
Total Revenues
$
290,742
$
273,430
$
279,487
$
285,880
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
108,699 5,880 12,987 23,128 31,963 4,990 24,554 15,459 564 228,222
$ $ $ $ $ $ $ $ $ $
60,617 2,699 2,272 22,564 25,397 4,468 25,140 16,188 159,346
$ $ $ $ $ $ $ $ $ $
64,931 634 17,985 22,574 24,967 5,548 22,595 17,568 176,803
$ $ $ $ $ $ $ $ $ $
76,040 18,947 1,293 32,092 40,368 4,778 26,840 12,173 905 213,436
Net Revenues after Expenses
$
62,520
$
114,084
$
102,685
$
72,444
$ $ $ $
January 2019 2,221,611 381,418 18,773 2,664,247
$ $ $ $
February 2019 2,206,450 366,668 17,927 2,662,369
$ $ $ $
March 2019 2,174,084 363,964 17,038 2,709,849
$ $ $ $
April 2019 2,277,881 350,451 17,175 2,767,741
FUND BALANCE : Asset Replacement Fund (Reserves) Capital Purchase Fund Water Conservation Fund Operating Total Cash Assets
Comments
4955 Residents Monthly & quarterly Commercial Assessment payments 50% of 90 day AR 40 home sales, same as last month Higher than normal Legal Expense Fines and Late Fees written off 1 NSF fee Attorney fees charged to HO accts due to collections CC&R collection still going strong due to added efforts 15 Rental Registrations this month 4 Escrow Rush's Boat permits/fishing licenses/fobs
Complete for year and on budget Interest on investments contributing to favorable increase Under budget for the month. Currently $9,820 in prepaid advertising has been collected
Higher than average Summer Camp enrollment. Cerveza Run & classes Full Classes Consistently higher revenue this year with our Tennis Pro Under-ran budget this month, cum to date is $730 in excess revenues
Adding 1 employee to medical in May Major expenses for Annual Meeting and Audit incurred in April (cum to date OK) Water testing was the only expense in April Higher expenditures due to outside contractors for Rose Garden rework Higher expenditures due to Rose Garden and playground woodchips Tracking budget well Tracking budget well City Water bill was lower due to rains and mild temperatures Pontoon boat repair
Actual April net revenues exceeded budgeted revenues