DOBSON ASSOCIATION, INC. Comparison November 2018 - February 2019 Income & Expense Summary November 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ (1,123) Commercial Assessments $ 765 Transfer & Disclosure Fees $ 10,800 Late Fees & Legal Fines $ (1,254) Dishonored Check fees $ 20 Collection Fees $ 386 CC&R Fines $ 325 Rental Registration Fees $ 435 Escrow Rush Fees $ 300 License/ID Cards $ 133 Other $ 22,988 Total Homeowner Revenues $ 262,696 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 December 2018
January 2019
Comments
February 2019
$ $ $ $ $ $ $ $ $ $ $ $ $
228,921 (15,548) 763 13,600 (1,199) 40 (3,653) 2,475 300 50 560 255 226,564
$ $ $ $ $ $ $ $ $ $ $ $ $
227,930 9,679 10,351 7,200 8,344 975 4,810 600 100 864 1,350 272,203
$ $ $ $ $ $ $ $ $ $ $ $ $
227,930 4,150 763 13,200 (733) 40 1,476 4,350 300 100 589 261 252,425
4955 Residents Still a strong improvement in accounts payable Monthly commercial assessment payment 33 home sales; Good month for a February Late fees written off 2 NSF fees Right on budget for the month CC&R collection still going strong due to added efforts 12 Rentals this month 2 Escrow Rush's Boat permits/fishing licenses/fobs Delinquent Interest Write Offs & Boat Dock Slip Rentals
$ $ $ $ $ $ $ $
2,479 4,357 2,036 4,958 850 536 15,216
$ $ $ $ $ $ $ $
3,002 4,202 957 4,958 1,270 2,077 16,466
$ $ $ $ $ $ $ $
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
Total Revenues
$
277,912
$
243,030
$
290,742
$
273,430
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
86,889 2,342 20,365 29,618 47,452 5,078 26,797 19,741 325 238,605
$ $ $ $ $ $ $ $ $ $
77,547 752 (12,556) 17,204 31,466 6,444 28,572 18,109 172 167,710
$ $ $ $ $ $ $ $ $ $
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
Under-ran budget by $10K Tracking budget well Fish stocking delayed Tracking budget well Under-ran budget by $11K Tracking budget well Under-ran budget by $5K Rain saved us $2K in irrigation costs Tracking budget well
Net Revenues after Expenses
$
39,307
$
75,320
$
62,520
$
114,084
Strong operating margin for first two months of year
December 2018 $ 2,130,820 $ 381,435 $ 20,232 $ 2,450,977
$ $ $ $
January 2019 2,221,611 381,418 18,773 2,664,247
$ $ $ $
February 2019 2,206,450 366,668 17,927 2,662,369
FUND BALANCE : Asset Replacement Fund (Reserves) Capital Purchase Fund Water Conservation Fund Operating Total Cash Assets
November 2018 $ 2,137,478 $ 387,598 $ 21,477 $ 2,309,743
Complete for year and on budget On Budget for year Lower month Spring Break Camp & Classes Preschool Spring Registration Another good month Rentals up this month significantly