DOBSON ASSOCIATION, INC. Current Month Comparison December 2017 ‐ January 2018 Income & Expense Summary December 2017 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ (6,413) Commercial Assessments $ 763 Transfer & Disclosure Fees $ 12,400 Late Fees $ (150) Legal Expense Fines $ Delinquent Interest $ Dishonored Check fees $ 20 Collection Fees $ 616 Boat Dock Slip Rentals $ CC&R Fines $ 925 Rental Registration Fees $ 200 Pontoon Boat Fees $ Other Homeowner Fees: License & ID Card Fees $ 346 Escrow Rush Fees $ 150 $ 237,778 Total Homeowner Revenues 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
$ $
106
Comments
January 2018
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
$ $
228,921 3,511 8,616 8,400 7,140 (6) 40 49 1,949 850 300 1,278 100 261,148
1,061 106
$ $ $ $ $ $
4,580 149 4,850 687 10,371
$ $ $ $ $ $
6,507 1,239 4,845 1,305 15,063
$
248,149
$
276,211
50% of 90 day AR Annual and 1st Qtr Billing for Commercial Assessments 21 home sales ‐ down 10 sales from last month 1st quarter late fees applied 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 Annual billing for slip rentals Charges due to non‐compliance 12 Rental Reg fees collected Increase due to purchase of boat permits/fishing licenses
Annual Commercial Assessment
Over budget for the month due to collection of outstanding 2017 advertising revenue‐ currently $14743.70 in prepaid advertising has been collected Increased registration
Operating Expenses
Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
90,271 635 7,082 38,939 35,906 6,381 30,948 18,928 300 229,389
$ $ $ $ $ $ $ $ $ $
119,594 7,353 12,419 25,972 26,207 4,929 26,190 17,271 1,179 241,114
Net Revenues after Expenses
$
18,759
$
35,097
FUND BALANCE :
December 2017 Asset Replacement Fund (Reserves) $ 2,275,535 Capital Purchase Fund $ 405,139 Water Conservation Fund $ 20,032
January 2018 $ 2,313,193 $ 452,467 $ 19,004
Annual Renewal Adobe Software ‐ Higher Bank/Merchant Fees due to increased # of payments‐ STO bank payout ‐ Copier lease term and renewal ‐ Marketing Materials for Ranch events Audit Fee deposit ‐ City Breakfast First half City of Mesa Water
Property and Liability Insurance