DOBSON ASSOCIATION, INC. Current Month Comparison March 2018 ‐ April 2018 Income & Expense Summary March 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ 1,909 Commercial Assessments $ 5,227 Transfer & Disclosure Fees $ 11,600 Late Fees $ (340) Legal Expense Fines $ 44 Delinquent Interest $ Dishonored Check fees $ 20 Collection Fees $ 2,936 Boat Dock Slip Rentals $ CC&R Fines $ 1,050 Rental Registration Fees $ Pontoon Boat Fees $ Other Homeowner Fees: License & ID Card Fe $ Escrow Rush Fees $ Total Homeowner Revenues $ Other Revenues Lake Park Village Water Revenue
825 734 50 252,977
Comments
April 2018
$ $ $ $ $ $ $ $ $ $ $
228,921 (6,535) 5,678 16,000 6,918 (188) 60 1,198 (75)
$ $ $ $ $
525 35 373 100 253,010
50% of 90 day AR Collection of current and past due commercial Assessments 40 home sales this month (up from 29 last month) 2nd quarter late fees assessed to accounts 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 Removal fines due to compliance 21 Reg fees collected this month (down from 33 last month ‐ increase in March was due to Dobson Bay Club) boat permits/fishing licenses
$
-
$
-
Annual Commercial Assessment ‐ Paid in Jan.
Interest on Operating
$
124
$
172
Increase due to conversion of several accounts to interest bearing and transfer of funds to Chase savings.
Newsletter Advertising
$
3,897
$
3,278
Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $
6,199 5,241 1,629 17,089
$ $ $ $ $
11,861 4,917 3,445 23,673
Total Revenues
$
270,066
$
276,683
Operating Expenses Administration
$
67,752
$
66,821
Board of Directors Lakes Landscaping
$ $ $
12,416 5,802 25,844
$ $ $
2,350 22,552
Maintenance Preschool
$ $
30,213 4,971
$ $
32,247 4,701
Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $
25,534 16,297 188,829
$ $ $ $
25,174 18,016 (445) 171,416
Net Revenues after Expenses
$
81,237
$
105,267
FUND BALANCE : March 2018 Asset Replacement Fund (Reserves) $ 2,166,022 Capital Purchase Fund $ 441,112 Water Conservation Fund $ 15,019
April 2018 $ 2,216,714 $ 416,771 $ 10,633
Slightly under budget for the year. Currently $12027.34 in prepaid advertising has been collected Increase due to Summer camp, swim lessons and Cervesa run
Over budget for the month due to Annual meeting expenses and audit fees
Increase due to A/C work at La Casita, electrical work at park by Lake 3, pet pick‐ups Easter Extravaganza, BYOB, Summer Camp expenses Increase in solid waste and waste water costs