DOBSON ASSOCIATION, INC. Current Month Comparison January 2018 ‐ February 2018 Income & Expense Summary January 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ 3,511 Commercial Assessments $ 8,616 Transfer & Disclosure Fees $ 8,400 Late Fees $ 7,140 Legal Expense Fines $ Delinquent Interest $ (6) Dishonored Check fees $ 40 Collection Fees $ 49 Boat Dock Slip Rentals $ 1,949 CC&R Fines $ 850 Rental Registration Fees $ 300 Pontoon Boat Fees $ Other Homeowner Fees: License & ID Card Fees $ 1,278 Escrow Rush Fees $ 100 Total Homeowner Revenues $ 261,148
Comments
February 2018
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 7,390 3,399 10,800 (566) 805 40 1,246 734 1,500 425 348 100 255,142
Other Revenues Lake Park Village Water Revenue Interest on Operating
$ $
1,061 106
$ $
-
Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $ $
6,507 1,239 4,845 1,305 15,063
$ $ $ $ $ $
4,326 1,248 4,845 1,845 12,360
Total Revenues
$
276,211
$
267,502
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
119,594 7,353 12,419 25,972 26,207 4,929 26,190 17,271 1,179 241,114
$ $ $ $ $ $ $ $ $ $
74,978 2,221 8,556 25,533 28,181 4,771 20,850 18,191 (300) 182,982
Net Revenues after Expenses
$
35,097
$
84,520
FUND BALANCE :
January 2018 Asset Replacement Fund (Reserves) $ 2,313,193 Capital Purchase Fund $ 452,467 Water Conservation Fund $ 19,004
50% of 90 day AR Annual and 1st Qtr Billing for Commercial Assessments 27 home sales this 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 Balance collected for boat slip rental fees Charges due to non‐compliance 17 Rental Reg fees collected boat permits/fishing licenses
Annual Commercial Assessment ‐ Paid in Jan. 96
February 2018 $ 2,248,884 $ 452,546 $ 16,093
Over budget for the year. currently $12488.39 in prepaid advertising has been collected Increased registration
City Breakfast Restocked Fish Rainforest Plumbing/AC ‐ LA Casita, Pet pick‐ups
Insurance Premium Refund