DOBSON ASSOCIATION, INC. Comparison June 2017/July 2017 Income & Expense Summary
Current Month June
Revenues Homeowner Revenues Residential Assessments Allowance for Doubtful Accounts Commercial Assessments Transfer & Disclosure Fees Late Fees Legal Expense Fines Delinquent Interest Dishonored Check fees Collection Fees Dock Boat Slip Rentals CC&R Fines Rental Registration Fees Pontoon Boat Fees Other Homeowner Fees: License & ID Card Fees Escrow Rush Fees 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
July
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 (7,551) 3,687 14,800 (645) 1,725 (999) 1,653 285 225 800 575 50 243,526
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 5,024 5,415 11,200 6,622 2,142 (104) 40 6,088 162 150 550 329 50 266,588
$ $ $ $ $ $ $ $
102 3,868 23,836 4,402 (135) 1,983 34,055
$ $ $ $ $ $ $ $
106 4,387 14,128 2,741 240 2,584 24,186
Total Revenues
$
277,581
$
290,774
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
82,811 1,654 6,298 33,264 51,187 6,175 28,036 20,220 229,644
$ $ $ $ $ $ $ $ $ $
80,124 542 7 32,852 28,727 4,518 43,754 24,639 215,162
Net Revenues after Expenses
$
47,937
$
75,612
FUND BALANCE :
June 2017 Asset Replacement Fund (Reserves) $ 2,067,122 Capital Purchase Fund $ 300,446 Water Conservation Fund $ 6,065
Comments
July 2017 $ 2,198,333 $ 466,461 $ 25,016
Decreased to meet 50% of 90 day aging 3rd quarter billing payments received 28 homes closed in July ‐ down 9 homes from June 541 late fees were assessed this month Attorney fees for file collection Waived interest due to payment receipts or w/o's (2) checks were returned NSF Atty costs for activitiy on delinquent accounts leased 1 Kayak slip ‐(1 slip remains open for a small boat or kayak ‐ awaiting response from HO) 22 reg fees collected in July
Under budget for the month ‐ should even out by the end of the year Over budget for the month due to Summer Camp revenue Preschool Summer program fees ‐ June was higher due to registration fees/deposits for summer program
Exp's were higher in June than July due to AZ State Laws regarding Sick Time Increased due to Summer Camp salaries & Active net payment processing fees Slightly higher due to summer time rates