DOBSON ASSOCIATION, INC. Comparison August 2018 - November 2018 Income & Expense Summary August 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ Commercial Assessments $ 763 Transfer & Disclosure Fees $ 12,400 Late Fees & Legal Fines $ (920) Dishonored Check fees $ 39 Collection Fees $ 284 CC&R Fines $ 2,325 Rental Registration Fees $ 775 Escrow Rush Fees $ 100 License/ID Cards $ 151 Other $ (25) Total Homeowner Revenues $ 244,813 Other Revenues Lake Park Village Water Revenue Interest on Operating Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues Total Revenues
Current Month September 2018
October 2018
November 2018
$ $ $ $ $ $ $ $ $ $ $ $ $
228,644 (6,560) 1,401 10,100 3,472 3,416 375 425 454 70 241,797
$ $ $ $ $ $ $ $ $ $ $ $ $
228,829 6,902 8,603 10,025 6,980 40 (2,942) (825) 375 100 172 (9) 258,249
$ $ $ $ $ $ $ $ $ $ $ $ $
228,921 (1,123) 765 10,800 (1,254) 20 386 325 435 300 133 22,988 262,696
$ $ $ $ $ $ $ $
178 3,806 3,942 7,698 657 2,867 19,148
$ $ $ $ $ $ $ $
302 4,818 6,479 4,998 1,519 1,626 19,742
$ $ $ $ $ $ $ $
1,095 4,018 1,800 5,168 1,850 1,485 15,416
$ $ $ $ $ $ $ $
2,479 4,357 2,036 4,958 850 536 15,216
$
263,961
$
261,539
$
273,665
$
277,912
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
64,543 626 38,588 45,599 4,265 51,666 26,229 231,516
$ $ $ $ $ $ $ $ $ $
51,754 1,020 2,724 40,695 35,673 3,955 32,178 26,553 194,552
$ $ $ $ $ $ $ $ $ $
45,496 1,899 5,028 29,321 41,677 3,723 28,560 23,025 192 178,921
$ $ $ $ $ $ $ $ $ $
86,889 2,342 20,365 29,618 47,452 5,078 26,797 19,741 325 238,605
Net Revenues after Expenses
$
32,445
$
66,987
$
94,744
$
39,307
FUND BALANCE : August 2018 Asset Replacement Fund (Reserves) $ 2,105,903 Capital Purchase Fund $ 467,088 Water Conservation Fund $ 24,331
September 2018 $ 2,100,501 $ 448,306 $ 23,234
October 2018 $ 2,147,799 $ 387,183 $ 22,301
Comments
November 2018 $ 2,137,478 $ 387,598 $ 21,477
4955 Residents Adjustment for 50% of 90-Day AR Monthly commercial assessment payment 27 home sales Late fees written off 1 NSF fee Attorney fees charged to HO accts due to collections 16 Rental registrations 1 Rental RR Subscription 6 Escrow rush's Boat permits/fishing licenses/fobs Insurance Reimbursement for Storm Damage
Going up, will increase greatly in next year Maintaining just below budget Breakfast with Santa & Fall Festival Full Classes Decreased lesson activities Rentals low
Bookkeeper hired f/t, Prop/Liability (6 mo), Yearly Coupons, Past Due Qtr Caliber Inv., Acct Temp Fee, Empl Council Annual Fee Butler Hansen audit and meeting fees SRP First Half of 2019 Lake Water payment, Turtle Study December Janitorial prepaid this month Supplies up but below cumulative budget Fall Fest, Winter Wonderland, Breakfast with Santa
Actual Nov net revenues exceeded budgeted revenues