Financial Results November 2014

On a cash basis the HOA shows a monthly operating loss of $932.54. The year to date operating profit on a cash basis is $15,256.60. In November, the operating budget absorbed the cost of the new signs and maintenance to the existing signs in the amount of $1,196.69. The cash basis operating statement includes a reserve transfer of $1,650.00 and a reserve contingency transfer of $370.00 which combined with interest income of $17.59 accounts for the cash basis reserve profit of $2,037.59. Overall year-to-date operating and reserve net income total $30,325.32. Total cash on hand as of November 30, 2014 in both the operating and reserve accounts total $207,708.03 which is an increase of $1,155.05 in cash over the end of October 2014.

Send an email to palomaridgehoa@gmail.com to request a complete copy of the financial reports for the period ending November 2014.

Howard Blum