Treasurer’s Report, January 2020

I

Written by Board Treasurer

On February 4, 2020

December Highlights: Total revenues for the period were $170,036, down 6% from November, and total revenues for FY19 were $2,229,917, roughly 1.5% under budget.

Operating expenses for the period were $181,658. This was 27% over budget, however, expenditures for real estate and Sanitary District taxes that were budgeted for November were paid in December, and trash fees were also significantly over budget.

Total operating expenses for FY19 were $1,703,568, 7.45% under budget, thanks to the fiscal discipline of our General Manager and office staff. December showed a net loss of ($42,405) for FY19; net income was $156,958, and net cash flows for the year were also positive with an increase of $404,460. Total assets increased to $4,348,235.

You May Also Like…

It’s the Call for Volunteers Time of Year!

It’s the Call for Volunteers Time of Year!

Now is the time to support your neighbors! Volunteer for a committee! Your neighbors need you; your time, knowledge, skills, and ideas to move the community forward. Following the October Board of Directors Election and Organizational Meeting (when the committee...

President’s Report, September 2020

President’s Report September 2020 Haines Security’s lake patrol has ended for the summer season.  The pontoon boat will remain at the dock until Maintenance pulls the buoys.  Lake water sampling will also end the last week of September. The Snack Shack is...

General Manager’s Report, September 2020

September 2020 General Manager’s Report Annual Election Mailing Lake Holiday Office Staff will begin work on the annual election mailing tomorrow, Wednesday September 16th.  The office will be closed Wednesday through Friday September 18th to allow staff time to...

Follow this blog

Get every new post delivered right to your inbox.