DOBSON ASSOCIATION, INC. Current Month Comparison September 2017 / October 2017 Income & Expense Summary September Revenues Homeowner Revenues Residential Assessments $ 228,921 Allowance for Doubtful Accounts $ (8,138) Commercial Assessments $ 763 Transfer & Disclosure Fees $ 8,400 Late Fees $ (168) Legal Expense Fines $ 56 Delinquent Interest $ (2) Dishonored Check fees $ Collection Fees $ 1,035 Dock Boat Slip Rentals $ CC&R Fines $ 1,125 Rental Registration Fees $ 325 Pontoon Boat Fees $ Other Homeowner Fees: License & ID Card Fees $ 83 Escrow Rush Fees $ 100 Total Homeowner Revenues $ 232,500 Other Revenues Lake Park Village Water Revenue Interest on Operating Newsletter Advertising Recreation Programs Preschool Tuition Tennis Pro Facility Rental Total Other Revenues
$ $ $ $ $ $ $ $
77 4,022 6,886 5,060 (93) 1,610 17,562
October
$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $
228,921 8,339 11,000 6,238 (77) 40 (102) 1,075 500 35 393 150 256,512
$ $ $ $ $ $ $ $
131 4,815 1,607 5,160 120 2,683 14,515
Total Revenues
$
250,062
$
271,027
Operating Expenses Administration Board of Directors Lakes Landscaping Maintenance Preschool Recreation Utilities Watercraft Total Operating Expenses
$ $ $ $ $ $ $ $ $ $
85,874 2,137 30,504 32,679 4,451 26,269 22,172 204,085
$ $ $ $ $ $ $ $ $ $
69,034 619 700 31,952 45,087 3,787 31,255 21,401 549 204,384
Net Revenues after Expenses
$
45,977
$
66,643
FUND BALANCE : Asset Replacement Fund (Reserves) $ Capital Purchase Fund $ Water Conservation Fund $
September 2017 2,167,362 430,096 22,738
Comments
$ $ $
October 2017 2,316,112 414,180 22,012
Due to no reporting on the 90 day aging (new software), this will remain zero till the new year. 28 homes closed Billed Late Fees Attorney fees charged to HO accts due to collections Waived interest due to payment receipts or w/o's
All slips have been paid through Dec. 2017 Posted fines due to non-compliance 20 Rental Reg fees collected
Under budget for the month - currently $15597 in prepaid advertising has been collected
Board Approved - Contingency was expense due to August storm
Repairs to irrigation system are high for the month, under budget for the year This is high due to the replacement of hand rails at the small Los Altos pool, $2,776.24, and the gate at the maintenance yard, $6,624.60. Reclass $9,400.84 to Reserve