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Revenues for April were as follows: Actual: $296,761 Budget: $203,547 $93,214 More than Budget Expenditures for April were as follows: Actual: $173,999 Budget: $176,365 $2,366 Less than Budget Revenues: The main component of revenues being higher than budget is we received our trade in check from Yamaha of $87,000. We did not actually budget for this until June. Current Assets: We finished the month with an operating account balance of $282,395.00 Accounts Receivable: At the end of March we had receivables due from Members of $332,802 of which $92,450 is doubtful accounts. Completed Work In Process: Work in Process that was completed in the month of April is as follows: CC Roof Repairs 17,350.00 Lawson Road Sign 3,018.47 John Deere Utility Bagger 1,972.90 Total $ 22,341.37 Current Liabilities: The last remaining payment on our old Golf Cart Lease on the books for $4,348 was written off in April due to negotiations with Yamaha which resulted in the benefit of releasing LFPOA of this final payment. Members Equity: We had an overall gain after depreciation for the month of $99,154. Which leaves current period members equity at $186,335 YTD Robert W. (Bob) Underwood Treasurer |