|
Some notes: Cumulative deficit (spent more than took in) for all years of operation was cut from (86,273) to (43,685). Income 15K higher than anticipated - so much new construction. A one-time gift - No snow helped as well. A/P is high (96,900) even after 62K due reserves is taken into consideration - many significant bills didn't come in until late Jan/Feb but had to be accounted for in 2020 expenses. February A/P will show 32,800 - much better. The 62K due reserves drops to 29,900 at end of February - also much better. We continue to chip away when cash allows. The $2,500 developer contribution showing in A/R did come in in February. No subsidy in 2021. Developer still hasn't reimbursed GG (as promised) for correcting clubhouse thermostats and the kayak launch material. 
|
|||