DOBSON ASSOCIATION, INC. Current Month Comparison February 2018 ‐ March 2018 Income & Expense Summary February 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ 7,390 Commercial Assessments $ 3,399 Transfer & Disclosure Fees $ 10,800 Late Fees $ (566) Legal Expense Fines $ 805 Delinquent Interest $ Dishonored Check fees $ 40 Collection Fees $ 1,246 Boat Dock Slip Rentals $ 734 CC&R Fines $ 1,500 Rental Registration Fees $ 425 Pontoon Boat Fees $ Other Homeowner Fees: License & ID Card Fe $ 348 Escrow Rush Fees $ 100 Total Homeowner Revenues $ 255,142 Other Revenues Lake Park Village Water Revenue
$
-
March 2018
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 1,909 5,227 11,600 (340) 44 20 2,936 1,050 825 734 50 252,977
50% of 90 day AR Collection of current and past due commercial Assessments 29 home sales this month (up from 27 last month) Late fees removed ‐ payments received 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 Charges due to non‐compliance 33 Reg fees collected this month (up from 17 last month) boat permits/fishing licenses
$
-
Annual Commercial Assessment ‐ Paid in Jan. Increase due to conversion of several accounts to interest bearing and transfer of funds to Chase savings.
Interest on Operating
$
96
$
124
Newsletter Advertising
$
4,326
$
3,897
Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $
1,248 4,845 1,845 12,360
$ $ $ $ $
6,199 5,241 1,629 17,089
Total Revenues
$
267,502
$
270,066
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool
$ $ $ $ $ $
74,978 2,221 8,556 25,533 28,181 4,771
$ $ $ $ $ $
67,752 12,416 5,802 25,844 30,213 4,971
Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $
20,850 18,191 (300) 182,982
$ $ $ $
25,534 16,297 188,829
Net Revenues after Expenses
$
84,520
$
81,237
FUND BALANCE : February 2018 Asset Replacement Fund (Reserves) $ 2,248,884 Capital Purchase Fund $ 452,546 Water Conservation Fund $ 16,093
Comments
March 2018 $ 2,166,022 $ 441,112 $ 15,019
Over budget for the year. currently $12410.49 in prepaid advertising has been collected Increased registration ‐ Summer camp, sprink break camp and instructor classes
Increase due to Annual meeting expenses and audit fees Chemicals, service and testing Purchase of additional key fobs Easter Extravaganza, 45th Anniversary, Summer Camp expenses