DOBSON ASSOCIATION, INC. Current Month Comparison May 2018 ‐ June 2018 Income & Expense Summary May 2018 Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ 5,399 Commercial Assessments $ 763 Transfer & Disclosure Fees $ 16,200 Late Fees $ (727) Legal Expense Fines $ Delinquent Interest $ Dishonored Check fees $ 20 Collection Fees $ 4,125 Boat Dock Slip Rentals $ CC&R Fines $ (125) 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 Interest on Operating
350 (35) 522 200 255,613
June 2018
$ $ $ $ $ $ $ $ $ $ $
228,921 (7,354) 3,687 13,200 (230) 20 2,521 325
$ $ $ $ $
225 255 100 241,670
$ $
178
$ $
171
Newsletter Advertising
$
3,680
$
4,400
Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $
22,893 4,723 145 4,689 36,306
$ $ $ $ $
18,603 2,650 175 2,302 28,301
$
291,920
$
269,971
Total Revenues
Comments
50% of 90 day AR Collection of current and past due commercial Assessments 33 home sales this month Reversed late fees due to receipt of payments 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 Fines due to non‐compliance 9 Reg fees collected this month (down from 14 last month) boat permits/fishing licenses
Annual Commercial Assessment ‐ Paid in Jan. Under budget for the year. Currently $9765.48 in prepaid advertising has been collected Increase due to Summer camp, swim lessons and Cervesa run Summer schedule ‐ reduced classes
Operating Expenses
$ $ $ $ $ $
82,209 3,451 17,045 30,010 42,358 4,224
$ $ $ $ $ $
141,386 620 647 22,913 39,326 3,006
Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $
26,897 18,180 1,673 226,047
$ $ $ $
41,253 20,419 70 269,640
Net Revenues after Expenses
$
65,873
$
331
Administration Board of Directors Lakes Landscaping Maintenance Preschool
FUND BALANCE : May 2018 Asset Replacement Fund (Reserves) $ 2,146,277 Capital Purchase Fund $ 416,973 Water Conservation Fund $ 9,683
June 2018 $ 2,097,659 $ 416,964 $ 6,596
Higher costs due to; Exec Director Severence ‐ Attorney's Fees (Association Business), Purchase of new Camcorder ‐ Caliber quarterly fees
Increase due to A/C work at La Casita Decrease due to part‐time summer hours Increased due to Active net fees from higher volume of payments and Summer Camp expenses Increase in solid waste and waste water costs Renewal of Boat Insurance