hsvpoa - revenue/ expense summary - february 28, …hsvpoa.org/files/pdf/2_14_financial.pdf234,262 $...

HSVPOA - Revenue/ Expense Summary - February 28, 20141 2 3 4 5

B = Better or Positive Number/%

(w) = worse or negative number/% B (w) than

Amt Budget Amt Amt %

REVENUE

ASSESSMENTS-CASH 728,173$ (8,827)$ 2,254,133$ (57,867)$ -2.5%

ADMINISTRATION 22,868$ 3,728$ 82,333$ 1,488$ 1.8%PUBLIC SAFETY 120,894$ 1,529$ 139,556$ 4,126$ 3.0%CLUB SERVICES 7,275$ 1,390$ 18,280$ (3,365)$ -15.5%RECREATION 61,839$ (9,376)$ 332,932$ 3,182$ 1.0%GOLF 169,826$ (131,879)$ 1,419,477$ (91,774)$ -6.1%PERMITTING & ANIMAL CONTROL 15,594$ 3,194$ 34,335$ 9,335$ 37.3%PUBLIC WORKS 983,687$ (14,528)$ 1,273,174$ (18,671)$ -1.4%UTILITY CONSTRUCTION 7,120$ (80)$ 11,740$ (705)$ -5.7%

SUB TOTAL 1,389,103$ (146,022)$ 3,311,827$ (96,384)$ -2.8%

GRAND TOTAL REVENUES 2,117,276$ (154,849)$ 5,565,960$ (154,251)$ -2.7%

EXPENSES

OPERATING EXPENSES

ADMINISTRATION 305,948$ 3,597$ 576,023$ 1,780$ 0.3%PUBLIC SAFETY 340,393$ 6,002$ 697,243$ 13,809$ 1.9%CLUB SERVICES 35,273$ 3,757$ 61,264$ 2,936$ 4.6%RECREATION 181,865$ 6,469$ 366,171$ 9,033$ 2.4%GOLF 772,716$ 8,844$ 1,296,167$ 80,595$ 5.9%PERMITTING & ANIMAL CONTROL 19,658$ (573)$ 41,620$ 3,377$ 7.5%PUBLIC WORKS 405,814$ 6,706$ 893,402$ 7,405$ 0.8%

SUB-TOTAL OPERATING EXPENSES 2,061,668$ 34,801$ 3,931,890$ 118,935$ 2.9%

CAPITAL

PURCHASED CAPITAL 56,078$ (11,378)$ 122,357$ (16,657)$ -15.8%CONSTRUCTION CAPITAL 150,807$ 6,948$ 151,748$ 8,766$ 5.5%

SUB-TOTAL CAPITAL EXPENSES 206,885$ (4,430)$ 274,105$ (7,891)$ -3.0%

SUB-TOTAL EXPENSES 2,268,553$ 30,371$ 4,205,995$ 111,044$ 2.6%

Principal on Bonds-expense to trustee 22,500$ -$ 45,000$ -$ 0.0%

GRAND TOTAL EXPENSES 2,291,053$ 30,371$ 4,250,995$ 111,044$ 2.5%

Transfers from Operating to Reserves

- Water Reserve 80,000$ -$ 160,000$ -$ 0.0% - DeSoto Pool Reserve Reserve -$ -$ -$ -$ 0.0% - Capital Reserve 12,500$ -$ 25,000$ -$ 0.0% - East Gate Improvements 8,333$ -$ 16,666$ -$ 0.0%

Total Transfers to reserves 100,833$ -$ 201,666$ -$ 0.0%

Transfers from Reserves to Operating

- Transfer-Capital Reserve to Operating -$ -$ -$ -$ 0.0%

- Transfer-Water Reserve to Operating (147,750)$ -$ (147,750)$ -$ 0.0%Total Transfers from reserves (147,750)$ -$ (147,750)$ -$ 0.0%

Total Net Transfers (46,917)$ -$ 53,916$ -$ 0.0%

Total Expenses and Net Transfers 2,244,136$ 30,371$ 4,304,911$ 111,044$ 2.5%

Revenue less expenses and net transfers (126,859)$ (124,477)$ 1,261,049$ (43,207)$ -3.3%

|--Month of Feb. 2014--| |---Year to Date thru Feb. 28, 2014----|

B (w) than Budget

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HSVPOA - Revenue Summary - February 28, 20141 2 3 4 5




ASSESSMENTS CASH 728,173$ (8,827)$ 2,254,133$ (57,867)$ -2.5%

ADMINISTRATION

01A OTHER GEN REV 2,524$ 194$ 5,650$ 980$ 21.0%03A DELINQUENT & FORECLOSE 2,538$ (487)$ 6,264$ 1,829$ 41.2%05A ADMINISTRATION 16,412$ 2,627$ 60,708$ (2,032)$ -3.2%06B MARKETING 1,400$ 1,400$ 9,714$ 714$ 7.9%07A HUMAN RESOURCES (5)$ (5)$ (4)$ (4)$ 0.0%

SUB TOTAL 22,868$ 3,728$ 82,333$ 1,488$ 1.8%

PUBLIC SAFETY

10A POLICE 363$ 268$ 993$ 898$ 945.3%52A ANIMAL CONTROL 1,685$ 1,080$ 16,008$ 3,073$ 23.8%11A AMBULANCE SERVICE 116,846$ (824)$ 120,555$ 155$ 0.1%15A FIRE DEPT 2,000$ 1,005$ 2,000$ -$ 0.0%

SUB TOTAL 120,894$ 1,529$ 139,556$ 4,126$ 3.0%

CLUB SERVICES

20A DESOTO CLUB (205)$ 295$ 299$ (2,311)$ -88.6%21A PINK OLIVE -$ -$ -$ -$ 0.0%21B PARADISE GRILL (850)$ -$ -$ -$ 0.0%21C CASA CORONADO 200$ (100)$ 400$ (200)$ -33.3%22A MAGELLAN SANDWICH SHOP 2,117$ 2,002$ 2,977$ (748)$ -20.1%25A ISABELLA CLUB SERVICE -$ -$ -$ -$ 0.0%26A BALBOA CLUB 4,731$ (739)$ 11,904$ (106)$ -0.9%26C GRANADA GRILL -$ -$ -$ -$ 0.0%27A PONCE FAIRWAY TAVERN 1,282$ (68)$ 2,700$ -$ 0.0%

SUB TOTAL 7,275$ 1,390$ 18,280$ (3,365)$ -15.5%

RECREATION

30A PARKS, LAKES & REC DIV (900)$ (1,900)$ 3,000$ -$ 0.0%30B RECREATION MAINTENANCE 1,839$ 204$ 15,841$ 10,196$ 180.6%31A FAMILY RECREATION -$ (315)$ -$ (615)$ -100.0%31C CORONADO TENNIS 2,394$ (2,066)$ 44,503$ (4,452)$ -9.1%33A CORONADO CENTER 10,903$ 2,263$ 32,367$ (1,668)$ -4.9%34A CORONADO FITNESS CENTE 30,929$ (8,336)$ 190,517$ (14,493)$ -7.1%35A PONCE DE LEON CENTER 16,675$ 775$ 46,704$ 14,214$ 43.7%

SUB TOTAL 61,839$ (9,376)$ 332,932$ 3,182$ 1.0%

B (w) than Budget


3

HSVPOA - Revenue Summary - February 28, 20141 2 3 4 5




GOLF COURSES

40A DESOTO GOLF SHOP & CAR 3,018$ (2,492)$ 141,527$ (698)$ -0.5%40C GRANADA GOLF SHOP & CA 22,334$ (20,581)$ 178,675$ (10,945)$ -5.8%41A CORTEZ GOLF SHOP & CAR 29,831$ (12,659)$ 189,409$ (776)$ -0.4%41B MAGELLAN GOLF SHOP & C 21,380$ (22,435)$ 167,908$ (22,012)$ -11.6%42A CORONADO GOLF SHOP & C 13,184$ (18,716)$ 159,016$ (10,044)$ -5.9%42B ISABELLA GOLF SHOP & C 31,224$ (21,007)$ 194,909$ (13,927)$ -6.7%43A BALBOA GOLF SHOP & CAR 16,677$ (24,533)$ 166,370$ (20,955)$ -11.2%43B PONCE DELEON GOLF SHOP 29,577$ (9,823)$ 184,075$ (220)$ -0.1%43C GOLF COURSE ADMINISTRA 2,602$ 367$ 37,588$ (12,197)$ -24.5%

SUB TOTAL 169,826$ (131,879)$ 1,419,477$ (91,774)$ -6.1%

PERMITTING & ANIMAL CONTROL

50A PERMITTING 15,594$ 3,194$ 34,335$ 9,335$ 37.3%SUB TOTAL 15,594$ 3,194$ 34,335$ 9,335$ 37.3%

PUBLIC WORKS

60A ADMINISTRATION-PUBLIC 12,000$ 900$ 19,500$ (225)$ -1.1%61A SANITATION DEPARTMENT 283,133$ (7,722)$ 286,108$ (6,407)$ -2.2%62B WATER DEPARTMENT 248,261$ (6,669)$ 304,911$ (10,564)$ -3.3%64B WASTE WATER DEPARTMENT 374,243$ 3,228$ 375,131$ 3,816$ 1.0%65A GEN MAINT & STREETS 66,050$ (4,265)$ 287,524$ (5,291)$ -1.8%65B PARKS AND GROUNDS MAIN -$ -$ -$ -$ 0.0%66A BUILDING MAINTENANCE -$ -$ -$ -$ 0.0%69A VEHICLE MAINTENANCE -$ -$ -$ -$ 0.0%

SUB TOTAL 983,687$ (14,528)$ 1,273,174$ (18,671)$ -1.4%

90A UTILITY CONST. 7,120$ (80)$ 11,740$ (705)$ -5.7%

TOTAL OPERATIONS REVENUE

(EXCLUDES ASSESSMENTS) 1,389,103$ (146,022)$ 3,311,827$ (96,384)$ -2.8%

GRAND TOTAL REVENUE 2,117,276$ (154,849)$ 5,565,960$ (154,251)$ -2.7%


B (w) than Budget

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HSVPOA - Operating Expense Summary - February 28, 20141 2 3 4 5




ADMINISTRATION

03A LOT EXP & LEGAL 843$ 992$ 2,126$ 989$ 31.7%04A PURCHASING 70$ (70)$ 981$ (981)$ 0.0%05A ADMINISTRATION 193,864$ 576$ 389,459$ (2,774)$ -0.7%06A INFORMATION TECHNOLOGY 52,717$ 2,868$ 80,343$ 2,717$ 3.3%06B MARKETING 36,822$ (412)$ 58,418$ 482$ 0.8%07A HUMAN RESOURCES 14,692$ (357)$ 30,815$ 1,348$ 4.2%BOND INTEREST & PREPAID COST 6,940$ 0$ 13,880$ 0$ 0.0%

SUB TOTAL 305,948$ 3,597$ 576,023$ 1,780$ 0.3%

PUBLIC SAFETY

10A POLICE 147,974$ 8,321$ 311,587$ 10,280$ 3.2%52A ANIMAL CONTROL 11,664$ 966$ 22,014$ 2,621$ 10.6%11A AMBULANCE SERVICE 60,907$ (1,057)$ 118,454$ 756$ 0.6%15A FIRE DEPT 119,848$ (2,228)$ 245,188$ 152$ 0.1%

SUB TOTAL 340,393$ 6,002$ 697,243$ 13,809$ 1.9%

CLUB SERVICES

20A DESOTO CLUB 4,602$ 303$ 10,320$ 1,545$ 13.0%21A PINK OLIVE AT DESOTO 2,357$ (1,677)$ 4,672$ (3,512)$ -302.8%21B PARADISE GRILL AT CORTEZ 1,352$ 803$ 2,143$ 787$ 26.8%21C CASA CORONADO 1,053$ (58)$ 2,075$ (185)$ -9.8%22A MAGELLAN SANDWICH SHOP 4,534$ 761$ 6,296$ 824$ 11.6%25A ISABELLA CLUB SERVICE 6,854$ 196$ 7,214$ 221$ 3.0%26A BALBOA CLUB 13,032$ 1,413$ 24,970$ 1,650$ 6.2%26C TANNER'S AT GRANADA 405$ 535$ 1,275$ 70$ 5.2%27A MULLIGAN'S AT PONCE 1,084$ 1,481$ 2,298$ 1,537$ 40.1%

SUB TOTAL 35,273$ 3,757$ 61,264$ 2,936$ 4.6%

RECREATION

30A PARKS, LAKES & REC DIV 14,956$ (1,806)$ 28,888$ (2,448)$ -9.3%30B RECREATION MAINTENANCE 49,477$ 157$ 93,047$ (1,483)$ -1.6%31A FAMILY RECREATION 965$ 685$ 1,652$ 1,803$ 52.2%31C CORONADO TENNIS 7,352$ 2,538$ 15,725$ 3,350$ 17.6%33A CORONADO CENTER 23,877$ (72)$ 48,609$ 1,041$ 2.1%34A CORONADO FITNESS CENTE 55,316$ 2,514$ 103,941$ 2,579$ 2.4%35A PONCE DE LEON CENTER 29,922$ 2,453$ 74,309$ 4,191$ 5.3%

SUB TOTAL 181,865$ 6,469$ 366,171$ 9,033$ 2.4%

B (w) than Budget


5

HSVPOA - Operating Expense Summary - February 28, 20141 2 3 4 5




GOLF COURSES

40A DESOTO GOLF SHOP & CAR 4,053$ 1,882$ 5,913$ 5,982$ 50.3%40B GOLF CART MAINTENANCE 1,975$ 390$ 3,876$ 354$ 8.4%40C GRANADA GOLF SHOP & CA 12,070$ 1,075$ 22,033$ 3,712$ 14.4%41A CORTEZ GOLF SHOP & CAR 10,006$ 2,544$ 18,684$ 6,716$ 26.4%41B MAGELLAN GOLF SHOP & C 11,382$ 258$ 17,972$ 6,019$ 25.1%42A CORONADO GOLF SHOP & C 2,432$ 5,678$ 5,873$ 9,092$ 60.8%42B ISABELLA GOLF SHOP & CART 11,272$ 2,113$ 26,458$ 32$ 0.1%43A BALBOA GOLF SHOP & CART 12,521$ (821)$ 22,388$ 747$ 3.2%43B PONCE DELEON GOLF SHOP 6,711$ 5,359$ 12,775$ 11,245$ 46.8%43C GOLF COURSE ADMINISTRATION 41,063$ 472$ 85,841$ (3,746)$ -4.6%44A GOLF MAINTENANCE-DESOTO 84,493$ 4,687$ 131,461$ 14,649$ 10.0%44B GOLF MAINTENANCE-GRANADA 102,969$ (679)$ 161,070$ 2,190$ 1.3%45A GOLF MAINTENANCE-CORTEZ 64,980$ (1,795)$ 108,113$ 12,642$ 10.5%45B GOLF MAINTENANCE-MAGELLAN 108,400$ (7,275)$ 162,958$ 1,539$ 0.9%46A GOLF MAINTENANCE-CORONADO 63,212$ (1,602)$ 99,330$ 385$ 0.4%46B GOLF MAINTENANCE-ISABELLA 138,013$ -773.31 204,861$ 7019.3 3.3%47A GOLF MAINTENANCE-BALBOA 75,785$ 455$ 124,644$ 3,646$ 2.8%47C GOLF MAINTENANCE-PONCE 17,991$ (956)$ 73,224$ 3,496$ 4.6%48A GOLF COURSE CONSTRUCTION 3,388$ (2,168)$ 8,693$ (5,123)$ -143.5%

SUB TOTAL 772,716$ 8,844$ 1,296,167$ 80,595$ 5.9%

PERMITTING & ANIMAL CONTROL

50A PERMITTING 19,658$ (573)$ 41,620$ 3,377$ 7.5%SUB TOTAL 19,658$ (573)$ 41,620$ 3,377$ 7.5%

PUBLIC WORKS

60A ADMINISTRATION-PUBLIC 18,794$ 286$ 40,021$ 8,829$ 18.1%61A SANITATION DEPARTMENT 65,271$ (621)$ 138,972$ (2,335)$ -1.7%62B WATER DEPARTMENT 77,740$ 6,430$ 203,644$ (369)$ -0.2%64B WASTE WATER DEPARTMENT 100,528$ 3,217$ 234,262$ 618$ 0.3%65A GEN MAINT & STREETS 68,882$ 7,338$ 131,130$ (1,020)$ -0.8%65B PARKS AND GROUNDS MAIN -$ -$ -$ -$ 0.0%66A BUILDING MAINTENANCE 13,566$ (946)$ 28,034$ (669)$ -2.4%69A VEHICLE MAINTENANCE 10,998$ (9,363)$ 14,806$ 4,304$ 22.5%90A CONSTRUCTION 50,035$ 365$ 102,533$ (1,953)$ -1.9%

SUB TOTAL 405,814$ 6,706$ 893,402$ 7,405$ 0.8%

TOTAL OPERATING EXP 2,061,668$ 34,801$ 3,931,890$ 118,934$ 2.9%


B (w) than Budget

6

HSVPOA - Capital Expense Summary - February 28, 20141 2 3 4 5




ADMINISTRATION

05A ADMINISTRATION -$ -$ 34,238$ (238)$ -0.7%06A INFORMATION TECHNOLOGY 7,644$ (2,644)$ 31,108$ 892$ 2.8%

SUB TOTAL 7,644$ (2,644)$ 65,346$ 654$ 1.0%

PUBLIC SAFETY

10A POLICE -$ -$ -$ -$ 0.0%12A ANIMAL CONTROL -$ -$ -$ -$ 0.0%11A AMBULANCE SERVICE -$ -$ -$ -$ 0.0%15A FIRE -$ -$ -$ -$ 0.0%

SUB TOTAL -$ -$ -$ -$ 0.0%

CLUB SERVICES

22A MAGELLAN SANDWICH SHOP 4,849$ 151$ 4,849$ 151$ 3.0%SUB TOTAL 4,849$ 151$ 4,849$ 151$ 0.0%

RECREATION

30B RECREATION MTCE 13,206$ 294$ 13,206$ 294$ 2.2%34A CORONADO FITNESS CENTE -$ -$ -$ -$ 0.0%35A PONCE DE LEON CENTER -$ -$ -$ -$ 0.0%

SUB TOTAL 13,206$ 294$ 13,206$ 294$ 2.2%

GOLF COURSES

44A GOLF MAINTENANCE-DESOT 9,659$ (9,659)$ 9,659$ (9,659)$ 0.0%44B GOLF MAINTENANCE-GRANA -$ -$ -$ -$ 0.0%45A GOLF MAINTENANCE-CORTE -$ -$ -$ -$ 0.0%45B GOLF MAINTENANCE-MAGEL -$ -$ -$ -$ 0.0%46A GOLF MAINTENANCE-CORON -$ -$ -$ -$ 0.0%46B GOLF MAINTENANCE-ISABE 5,187$ 13$ 5,187$ 13$ 0.3%47A GOLF MAINTENANCE-BALBO -$ -$ -$ -$ 0.0%47C GOLF MAINTENANCE-PONCE -$ -$ -$ -$ 0.0%

SUB TOTAL 14,845$ (9,645)$ 14,845$ (9,645)$ -185.5%


B (w) than Budget

7

HSVPOA - Capital Expense Summary - February 28, 20141 2 3 4 5




ANIMAL CONTROL

52A ANIMAL CONTROL -$ -$ -$ -$ 0.0%SUB TOTAL -$ -$ -$ -$ 0.0%

PUBLIC WORKS

60A ADMINISTRATION -$ -$ 8,353$ (8,353)$ 0.0%62B WATER DEPARTMENT -$ -$ -$ -$ 0.0%65A GEN MAINT & STREETS -$ -$ 224$ (224)$ 0.0%66A BUILDING & GROUNDS -$ -$ -$ -$ 0.0%69A VEHICLE MAINTENANCE 15,534$ 466$ 15,534$ 466$ 2.9%

SUB TOTAL 15,534$ 466$ 24,111$ (8,111)$ 0.0%

TOTAL PURCHASED CAPITAL 56,078$ (11,378)$ 122,357$ (16,657)$ -15.8%

CONSTRUCTED UTIL CAPITAL

WATER PLANT EXPANSION 147,750$ 2,250$ 147,750$ 2,250$ 1.5%WATER EXTENSIONS 7,549$ (49)$ 10,607$ (607)$ -6.1%WATER SERVICES 269$ 401$ 269$ 1,071$ 79.9%SEWER EXTENSIONS 279$ 306$ 1,270$ (100)$ -8.5%SEWER SERVICES -$ 542$ 43$ 1,041$ 96.1%ELECTRICAL -$ 1,083$ -$ 2,170$ 100.0%INTERCEPTOR TANKS 25,081$ (81)$ 43,790$ 1,210$ 2.7%GENERAL ENGINEERING -$ -$ -$ -$ 0.0%VARIABLE LABOR -$ -$ -$ -$ 0.0%

SUB TOTAL CONSTRUCTED CAPITAL 180,928$ 4,452$ 203,729$ 7,035$ 3.3%

LESS: REIMBURSEMENTS-CONSTRUCTED UTILITY CAPITAL

ELECTRICAL CONNECT REIMB (5,040)$ 2,415$ (8,190)$ 2,940$ -56.0%INTERCEPTOR TANK REIMB (25,081)$ 81$ (43,790)$ (1,210)$ 2.7%

SUB TOTAL REIMBURSEMENTS (30,121)$ 2,496$ (51,980)$ 1,730$ -3.4%

TOTAL CONST UTILITY CAPITAL 150,807$ 6,948$ 151,748$ 8,766$ 5.5%

GRAND TOTAL CAPITAL 206,885$ (4,430)$ 274,105$ (7,891)$ -3.0%


B (w) than Budget

8

HSV POAASSESSMENT RECEIVABLE AGING, POA LOT INVENTORY

& PREPAID ASSESSMENTS2/28/14

Days Past Due December 2011 December 2012 January 2014 February 2014

Accts Amount Accts Amount Accts Amount Accts Amount

30 Days 1,337 43,689$ 1,096$ 22,243$ 2,374$ 56,085$ 1,357$ 18,922$

60 Days 913 64,081$ 439$ 28,461$ 525$ 29,331$ 823$ 53,631$

90 Days 375 39,150$ 187$ 18,896$ 166$ 17,061$ 245$ 22,573$

120 Days 268 38,070$ 124$ 17,110$ 175$ 24,338$ 109$ 15,308$

150 Days 185$ 31,054$ 70$ 12,266$ 159$ 28,065$

180 Days 113$ 23,594$ 169$ 36,201$ 60$ 12,733$

210 Days 221$ 55,319$ 87$ 21,615$ 161$ 40,386$

240 Days 70$ 19,761$ 108$ 29,696$ 81$ 23,091$ 121 to 240 Days 491 105,888$ 589$ 129,728$ 434$ 99,778$ 461$ 104,275$

270 Days 48$ 15,410$ 39$ 12,363$ 105$ 32,685$

300 Days 67$ 23,854$ 90$ 31,090$ 37$ 13,029$

330 Days 44$ 17,252$ 47$ 18,435$ 82$ 31,363$

365 Days 125$ 53,806$ 40$ 17,016$ 51$ 21,795$ 241 to 365 Days 264 139,188$ 284$ 110,332$ 216$ 78,904$ 275$ 98,872$

Over 365 Days 5065 5,801,013$ 4,854$ 7,208,991$ 5,303$ 9,476,101$ 5,294$ 9,595,336$

Total 8,713 6,231,079$ 7,573$ 7,535,752$ 9,193$ 9,781,597$ 8,564$ 9,908,918$

PREPAID

ASSESSMENTS 10,229 2,032,729$ 10,315$ 1,951,968$ 14,018$ 2,596,459$ 14,260$ 2,355,781$

Total Property

Owners: 34,146 34147 34,149 34,149

POA OWNED LOTS Jan-13 1,915 Feb-13 1,986Jan-14 2,236 Feb-14 2,256

9

POA OWNED LOTS - Quit Claims/ ForeClosures 2013 and 2014

January-13 67 32 31 4 Good standing 4

February-13 72 37 1 34 Good standing 29

March-13 22 0 0 22 Good standing 10

April-13 31 0 0 28 Good standing 14

May-13 7 0 0 7 Good standing 3

June-13 26 0 0 26 Good standing 12 4

July-13 29 0 0 29 Good standing 14

August-13 27 0 0 27 Good standing 17

September-13 18 0 0 17 Good standing 8

October-13 31 0 0 31 Good standing 18

Nov-13 14 0 0 14 Good standing 6

13-Dec 25 0 0 25 Good standing 16

2014-JAN 47 0 0 47 Good standing 31

90 2

120 4

121 - 240 5

241 - 365+ 5

Total 47

2014-Feb. 21 0 0 21 Good standing 16

90 1

120 1

121-240 1

241 - 365+ 2

Total 21

10

HSVPOA - ASSESSMENTS BILLED AND CASH RECEIVED BY MONTH - 2009 to 2014

JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTALComparative 2

month through Feb2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014 2014

REVENUEASSESSMENTS BILLED 1,260,582 1,260,582 2,521,163 2,521,163 (includes other assessments)Actual Assessments Received 1,525,960 728,173 2,254,133 2,254,133

% OF ASSESSMENT $ RECEIVED 121.1% 89.4% 89.4%(265,378) 532,409 - - - - - - - - - - 267,030 267,030

2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013 2013

REVENUEASSESSMENTS BILLED 1,236,168 1,236,168 1,236,168 1,236,168 1,236,168 1,236,168 1,236,168 1,238,580 1,237,032 1,237,896 1,237,104 1,237,104 14,840,892 2,472,336 (includes other assessments)Actual Assessments Received 1,626,021 719,069 834,990 876,381 656,413 936,276 1,132,871 623,734 733,083 812,278 584,739 2,176,606 11,712,461 2,345,090

% OF ASSESSMENT $ RECEIVED 131.5% 58.2% 67.5% 70.9% 53.1% 75.7% 91.6% 50.4% 59.3% 65.6% 47.3% 78.9% 94.9%(389,853) 517,099 401,178 359,787 579,755 299,892 103,297 614,846 503,949 425,618 652,365 (939,502) 3,128,431 127,246

JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER TOTAL2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012 2012

REVENUEASSESSMENTS BILLED 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 1,236,060 14,832,720 2,472,120 (includes other assessments)Actual Assessments Received 1,462,362 795,145 928,974 932,489 666,839 1,054,871 1,086,812 666,665 722,580 859,501 617,127 2,096,894 11,890,259 2,257,507

% OF ASSESSMENT $ RECEIVED 118.3% 64.3% 75.2% 75.4% 53.9% 85.3% 87.9% 53.9% 58.5% 69.5% 49.9% 169.6% 80.2% 91.3%(226,302) 440,915 307,086 303,571 569,221 181,189 149,248 569,395 513,480 376,559 618,933 (860,834) 2,942,461 (226,302)

JAN FEB MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER YR TOTAL2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011 2011


% OF ASSESSMENT $ RECEIVED 115.7% 62.3% 73.0% 68.9% 54.3% 87.3% 81.8% 55.1% 65.5% 64.9% 57.6% 183.9% 80.9% 89.0%(194,450) 466,150 334,060 384,830 564,493 156,630 225,082 554,922 426,180 433,352 524,324 (1,036,810) 2,838,763 (194,450)





REVENUEASSESSMENTS BILLED 1,117,600 1,099,000 1,099,000 1,099,001 1,099,001 1,099,001 1,099,001 1,099,001 1,099,001 1,099,001 1,099,001 1,099,100 13,206,708 2,216,600

Actual Assessments Received 1,568,866 655,230 870,200 815,627 662,495 1,066,237 1,007,743 623,667 721,927 792,986 522,914 2,497,056 11,804,947 2,224,096


11

PROPERTY OWNERS ASSOCIATION ASSETS ASSETS PAGE: 1

BALANCE SHEET 02/28/2014 BALANCE BALANCE

TO DATE AT 12.31.13 CHANGE

CASH AND INVESTMENTS 9,064,403.71 9,262,684 -198,281

DUE FROM MEMBERS:

ASSESSMENTS 338,951.18 339,155 -204

APPROVED MEMBER ACCT/REC 50,445.06 81,074 -30,629

WATER SEWER & SANITATION 993,801.81 969,180 24,621

ASMT PENALTY & INTEREST) 17,839.54 17,850 -11

COOPER COMMUNITIES 2,567.60 -295 2,862

TOTAL DUE FROM MEMBERS 1,403,605.19 1,406,966 -3,360

OTHER ACCOUNTS RECEIVABLE:

ACCRUED INT. RECEIVABLE 7,294.11 6,043 1,251

OTHER RECEIVABLES 325 325 0

TOTAL RECEIVABLES 7,619.11 6,368 1,251

INVENTORIES:

CONSTRUCTION MATERIALS 172,301.99 152,526 19,776

FOOD AND BEVERAGE 21,411.52 22,196 -785

AUTOMOTIVE & FUEL 42,257.72 35,219 7,039

HORTICULTURE 499,337.28 159,772 339,566

ELECTRICAL 43,227.98 43,228 0

TOTAL INVENTORIES 778,536.49 412,941 365,595

PREPAID EXPENSES 291,539.07 101,800 189,739

REAL ESTATE HELD FOR SALE 1,763,983.04 1,687,608 76,375

RECOVERABLE ELECTRIC COSTS 3,991,810.00 3,971,292 20,518

PROPERTY, PLANT, EQUIPMENT:

PURCHASED ASSETS 119,529,634.11 119,244,184 285,450

CONTRIBUTED ASSETS 66,155,784.00 66,155,784 0

185,685,418.11 185,399,968 285,450

LESS ACCUMULATED DEPR -120,081,910.09 -120,082,694 784

NET PROPERTY,PLANT& EQIP 65,603,508.02 65,317,274 70,371

TOTAL ASSETS 82,905,004.63 82,166,933 522,208

12

PROPERTY OWNERS ASSOCIATION PAGE: 2

BALANCE SHEET 02/28/2014

LIABILITIES LIABILITIES CHANGE

BALANCE BALANCE

TO DATE 12.31.13

ACCOUNTS PAYABLE 767,801.45 898,750 -130,949

ACCRUED EXPENSES 1,708,644.71 1,383,763 324,882

DUE TO MEMBERS: 0

PREPAID ASSESSMENTS 2,355,781.41 2,011,774 344,008

SECURITY DEPOSITS & OTHER 614,004.53 2,119,121 -1,505,116

INTERCEPTOR TANK DEPOSITS 152,085.96 136,232 15,854

COMM SVC FEE TO REFUND

TOTAL DUE TO MEMBERS 3,121,871.90 4,267,126 -1,145,254

0

INSTALLMENT NOTES PAYABLE 0

BONDS PAYABLE 2,085,000.00 2,085,000

ACCRUED BOND INT 32,373.95 12,950

LESS UNAMORTIZED DISCOUNT 0

TOTAL BONDS PAYABLE 2,117,373.95 2,097,950 0

TOTAL LIABILITIES 7,715,692.01 8,647,589 -931,897

MEMBERS EQUITY MEMBERS EQUITY

CONTRIBUTED BY COOPER COM.INC 72,419,749.09 72,419,749 0

GRANADA GOLF COURSE-CCI 1,795,007.21 1,795,007 0

FROM OPERATIONS - PRIOR YEARS -759,219.43 -695,412 -63,807

=- THIS YEAR 1,733,775.75 1,733,776

TOTAL MEMBER EQUITY 75,189,312.62 73,519,344 1,733,775.75

TOTAL LIABILITIES & EQUITY 82,905,004.63 82,166,933 618,262.74

13

AVAILABLE CASH UNRESTRICTED AND RESERVES AS OF:

February 28, 2013 February 28, 2014

13,386,938.81$ TOTAL CASH AND RESERVES 9,064,403.71$

200,000.00$ WORK COMP 200,000.00$

5,438,971.03$ WATER PLANT 1,376,343.09$

1,950,625.02$ CAPITAL RESERVE 2,005,048.55$

300,000.00$ BLDG RESERVE 300,000.00$

379,295.38$ BOND 368,526.62$

88,960.55$ HEALTH (130,837.31)$

8,357,851.98$ TOTAL RESERVES 4,119,080.95$

$5,029,086.83 AVAILABLE CASH $4,945,322.76

14

FEBRUARY 2013 - MTD 2014- MTD Difference 2013 - YTD 2014 - YTD Difference

Member Green Fee 78,451$ 75,269$ ($3,182) $140,740 $140,025 ($715)Family Green Fee 1,789$ 1,186$ ($603) $2,439 $1,964 ($475)NPO Green Fee 8,043$ 5,352$ ($2,691) $9,558 $7,892 ($1,666) Annual Greens Fee 20,944$ $665,896 Semi-annual Greens Fee 3,472$ $104,944Total Annual Greens Fee 15,632$ 24,416$ $8,784 $805,720 770,840$ ($34,880)Driving Range 8,246$ 7,580$ ($666) $13,651 $12,640 ($1,011)Golf Coupons

Cart Flags 264$ 400$ $264 $472Member Carts 37,786$ 37,705$ ($81) $66,829 $68,065 $1,236Family Carts 863$ 719$ ($144) $1,201 $1,089 ($112)NPO Carts 3,836$ 2,917$ ($919) $4,704 $4,276 ($428)Unlimited Annual Cart Reg. 1,400$ 2,648$ $1,248 $129,400 $133,264 $3,864Daily Annual Cart Reg. 448$ 728$ $280 $17,800 $18,408 $608

Daily Use Cart Fee 1,148$ 1,714$ $566 $2,387 $3,057 $670 Annual Cart Seat Lease 6,152$ $186,928 Semi-annual Cart Seat Lease 792$ $33,312Total Annual Cart Seat Lease 4,520$ 6,944$ $2,424 $243,048 220,240$ ($22,808)Handicap 1,848$ 2,200$ $39,968 $37,112Vending Income 63$ ($63) $242 $83 ($159)Contractual Receipts/Misc 48$ $48 ($34) $50 $84Administration $0 $6,195 ($6,195)Total 164,337$ 169,826$ $5,489 $1,484,112 1,419,477$ ($64,635)

2013 - MTD 2014- MTD Difference 2013 - YTD 2014 - YTD Difference

DeSoto 889 0 (889) 1,576 0 (1,576)Cortez 1,658 1,681 23 3,122 3,225 103Coronado 870 692 (178) 1,523 1,279 (244)Balboa 690 939 249 1,592 1,757 165Ponce de Leon 1,623 1,534 (89) 2,702 2,601 (101)Magellan 960 1,077 117 1,748 1,673 (75)Isabella 2,112 1,845 (267) 3,666 3,540 (126)Granada 1,539 1,315 (224) 2,950 2,672 (278)Total 10,341 9,083 (1,258) 18,879 16,747 (2,132)

Revenue

Rounds

2014 Golf Reports.xlsx Printed 3/11/2014 4:22 PM

15

2014 Budget vs. Actual

Budget Actual Budget Actual Budget Actual Budget Actual

Desoto 911 - 1,825 - $5,510 $3,018 $142,225 141,527 Cortez 1,640 1,681 3,050 3,225 $42,490 $22,334 $190,185 178,675 Coronado 898 692 1,780 1,279 $31,900 $29,831 $169,060 189,409 Balboa 1,208 939 2,118 1,757 $41,210 $21,380 $187,325 167,908 Ponce 1,338 1,534 2,572 2,601 $39,400 $13,184 $184,295 159,016 Magellan 1,294 1,077 2,825 1,673 $43,815 $31,224 $189,920 194,909 Isabella 1,742 1,845 3,510 3,540 $52,230 $16,677 $208,836 166,370 Granada 1,589 1,315 3,401 2,672 $42,915 $29,577 $189,620 184,075 Admin n/a n/a n/a n/a $2,235 $2,602 $49,785 37,588

Totals 10,620 9,083 21,081 16,747 $301,705 $169,826 $1,511,251 1,419,477

2013 2014 2013 2014 2013 2014 2013 2014

Desoto 889 - 1,576 - $11,787 $3,018 165,819 $141,527Cortez 1,658 1,681 3,122 3,225 $26,401 $22,334 191,298 $178,675Coronado 870 692 1,523 1,279 $12,784 $29,831 166,381 $189,409Balboa 690 939 1,592 1,757 $10,981 $21,380 166,544 $167,908Ponce 1,623 1,534 2,702 2,601 $27,870 $13,184 189,398 $159,016Magellan 960 1,077 1,748 1,673 $17,419 $31,224 174,220 $194,909Isabella 2,112 1,845 3,666 3,540 $31,550 $16,677 198,108 $166,370Granada 1,539 1,315 2,950 2,672 $23,433 $29,577 185,911 $184,075Admin n/a n/a n/a n/a $2,112 $2,602 46,433 $37,588Totals 10,341 9,083 18,879 16,747 $164,337 $169,826 $1,484,112 $1,419,477

February YTD

Rounds Rounds Revenue Revenue2014

February YTD

2013 vs. 20142013 vs

2014

February YTD February YTD

Rounds Rounds Revenue Revenue

Rounds and Revenue

2014 Golf Reports.xlsx Printed 3/11/2014 4:22 PM

16

hsvpoa - revenue/ expense summary - february 28, …hsvpoa.org/files/pdf/2_14_financial.pdf234,262 $...

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