DOBSON ASSOCIATION, INC. Current Month Comparison April 2018‐May 2018 Income & Expense Summary April 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ (6,535) Commercial Assessments $ 5,678 Transfer & Disclosure Fees $ 16,000 Late Fees $ 6,918 Legal Expense Fines $ Delinquent Interest $ (188) Dishonored Check fees $ 60 Collection Fees $ 1,198 Boat Dock Slip Rentals $ CC&R Fines $ (75)
May 2018 $ $ $ $ $ $ $ $ $ $ $
228,921 5,399 763 16,200 (727) 20 4,125 (125)
$ $ $ $ $
350 (35) 522 200 255,613
50% of 90 day AR Collection of current and past due commercial Assessments 41 home sales this month Reversed late fees due to receipt of payments Attorney fees charged to HO accts due to collections Waived interest due to payment receipts or w/o's Attorney fees charged to HO accts due to collections All slips paid for 2018 Removal fines due to compliance 14 Reg fees collected this month (down from 21 last month) Boat ride cancelled and refunded boat permits/fishing licenses
Rental Registration Fees Pontoon Boat Fees Other Homeowner Fees: License & ID Card F Escrow Rush Fees Total Homeowner Revenues
$ $ $ $ $
Other Revenues Lake Park Village Water Revenue
$
-
$
-
Annual Commercial Assessment ‐ Paid in Jan.
Interest on Operating
$
172
$
178
Increase due to conversion of several accounts to interest bearing and transfer of funds to Chase savings.
Newsletter Advertising
$
3,278
$
3,680
Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $
11,861 4,917 3,445 23,673
$ $ $ $ $
22,893 4,723 145 4,689 36,306
$
276,683
$
291,920
Administration
$
66,821
$
82,209
Board of Directors
$
2,350
$
3,451
Lakes Landscaping
$ $
22,552
$ $
17,045 30,010
Maintenance Preschool
$ $
32,247 4,701
$ $
42,358 4,224
Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $
25,174 18,016 (445) 171,416
$ $ $ $
26,897 18,180 1,673 226,047
Net Revenues after Expenses
$
105,267
$
65,873
Total Revenues
525 35 373 100 253,010
Comments
Slightly under budget for the year. Currently $11535.64 in prepaid advertising has been collected Increase due to Summer camp, swim lessons and Cervesa run
Operating Expenses
FUND BALANCE : April 2018 Asset Replacement Fund (Reserves) $ 2,216,714 Capital Purchase Fund $ 416,771 Water Conservation Fund $ 10,633
May 2018 $ 2,146,277 $ 416,973 $ 9,683
Higher costs due to; Attorney's Fees (Association Business), Reserve Study, CMIA Workshop Higher costs due to; Board/staff breakfast, gifts for prior Board members and/or Officers. On‐Duty officer for extended Board Meeting. Paid 2nd Half Salt River Project Lake water, Monitoring, testing and chemicals Increase due to planting. Increase due to A/C work at La Casita, Board approved purchase of additional FOBS. Increased Active net fees due to increased volume of payments. Increase in solid waste and waste water costs Renewal of Boat Insurance