Treasurer’s Report, August 2019

I

Written by Board Treasurer

On August 26, 2019

July Financial Highlights: Total revenues for the period were $188,413 and roughly 5% above budget.

Through the month of July total revenue is 1% below budget. Operating expenses for the period were $153,457 an increase of 11% from June, however, expenses were 4% below budget. The increase in expenses was due to a portion of August gate contract being paid in July and trash removal being $6,800 over budget.

Net income for the period was $4,173. Net cash flows for the period were also positive with an increase of $39,655, and total assets increased to $4,238,931.

Income & Expenses Overview
Capital Improvement Projects

You May Also Like…

President’s Report, October 2021

Farewell to Summer and welcome Fall! The past years have galloped by and it is not without sadness that I pass the reins after serving on the Lake Holiday Board of Directors for five years, four of which were as your President. This Board has accomplished much....

President’s Report, September 2021

Looking at the thermometer, it’s hard to believe that Fall is just three weeks away. With the change of season, also comes changes at Lake Holiday. My term on the Board of Directors will end in October and I will not be eligible for another full three-year term...

General Manger’s Report, September 2021

Miscellaneous Updates: Beach II Site development at Beach II was delayed by a couple weeks while the bonding and permitting were finalized.  Pine Knoll has now obtained the necessary permit and intends to mobilize here sometime next week and will begin work there...