DOBSON ASSOCIATION, INC. Comparison May 2017/June 2017 Income & Expense Summary
Current Month May
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
June
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 1,586 763 20,000 (1,057) 701 (60) 40 742 475 550 35 551 100 253,346
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 (7,551) 3,687 14,800 (645) 1,725 (999) 1,653 285 225 800 575 50 243,526
$ $ $ $ $ $ $ $
106 3,388 19,643 4,385 1,055 5,680 34,256
$ $ $ $ $ $ $ $
102 3,868 23,836 4,402 (135) 1,983 34,055
Total Revenues
$
287,603
$
277,581
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
81,096 2,335 11,684 27,632 42,675 4,311 39,149 19,509 1,656 230,047
$ $ $ $ $ $ $ $ $ $
82,811 1,654 6,298 33,264 51,187 6,175 28,036 20,220 229,644
Net Revenues after Expenses
$
57,555
$
47,937
Other Revenues Lake Park Village Water Revenue Interest on Operating Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
FUND BALANCE : May 2017 Asset Replacement Fund (Reserves) $ 2,105,370 Capital Purchase Fund $ 300,390 Water Conservation Fund $ 6,740
Comments
June 2017 $ 2,067,122 $ 300,446 $ 6,065
Increased to meet 50% of 90 day aging 3rd quarter billing payments received 37 homes closed in June waived due to receipt of payments Attorney fees for file collection Waived interest due to payment receipts or w/o's Atty costs for delinquent accounts leased open slips ‐ 1‐pontoon, 1‐kayak 32 reg fees collected in June ‐ up 10 from last month
Under budget for the month ‐ should even out by the end of the year Up from last month due to summer camp revenue Compararable to last month. Summer program is full Under from last month due to class refunds Down from last month ‐ May was higher due to grad parties and room availability
New state law changes regarding sick time, contract service costs for temp admin assistance Attorney's fees for annual Board training Lake chemicals, service and testing New state law changes regarding sick time New state law changes regarding sick time, replacement of tools/equip due to theft New state law changes regarding sick time Lower than last month due to the "under‐threshold" transfer from operating to reserves $13164.40