DOBSON ASSOCIATION, INC. Current Month Comparison October 2017 ‐ November 2017 Income & Expense Summary October Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ Commercial Assessments $ 8,339 Transfer & Disclosure Fees $ 11,000 Late Fees $ 6,238 Legal Expense Fines $ Delinquent Interest $ (77) Dishonored Check fees $ 40 Collection Fees $ (102) Dock Boat Slip Rentals $ CC&R Fines $ 1,075 Rental Registration Fees $ 500 Pontoon Boat Fees $ 35 Other Homeowner Fees: License & ID Card Fe $ 393 Escrow Rush Fees $ 150 Total Homeowner Revenues $ 256,512 Other Revenues Lake Park Village Water Revenue Interest on Operating Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
November
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 763 12,800 (200) 63 20 4,008 (1,212) 325 108 250 245,845
$ $ $ $ $ $ $ $
131 4,815 1,607 5,160 120 2,683 14,515
$ $ $ $ $ $ $ $
102 4,060 2,919 4,845 1,307 13,232
Total Revenues
$
271,027
$
259,078
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
69,034 619 700 31,952 45,087 3,787 31,255 21,401 549 204,384
$ $ $ $ $ $ $ $ $ $
81,887 471 5,368 27,669 33,340 4,243 28,302 22,862 79 204,221
Net Revenues after Expenses
$
66,643
$
54,857
FUND BALANCE : October 2017 Asset Replacement Fund (Reserves) $ 2,316,112 Capital Purchase Fund $ 414,180 Water Conservation Fund $ 22,012
Comments
November 2017 $ 2,302,338 $ 414,071 $ 21,114
Due to no reporting on the 90 day aging (new software), this will remain zero till the new year. 32 home sales Reversal of fees due to 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 All slips have been paid through Dec. 2017 Reversal of fines due to compliance 13 Rental Reg fees collected
Under budget for the month ‐ currently $11788 in prepaid advertising has been collected
Mountain States Employers Counsel Subscription ‐ Spirit Lighting ‐ Annual Coupons Restocked Fish