Reading all
73 messages in thread
message board home
message board home
Next
4/6/2018 10:58:59 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: Casino Funds History Msg# 1010123
|
||||||
|
Joe. Unless there is material uncertainty about the ongoing receipt of the funds then my belief is that the expected amount should be budgeted as revenue just as the expected cost of infrastructure repairs should be budgeted as an expense. I don't know why each would not be budgeted and thus impact the necessary dues from owners. I suppose one could look at it as an ultra conservative "protect the fund balance" initiative. While I might lean that way to a degree I don't see excluding the revenue forecast altogether. Thanks for all you do to keep us informed.
Don |
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: Since the monies are specifically designated for infrastructure by the provider (in essence the government authority) it is appropriate to offset the increase in the cash account with an increase in some designated revenue account. The account is included in OP's general ledger. Can you translate the above? Specifically, should the income of $300,000 be listed as revenue in the budget process and thus impact the assessment? |
| Calendar |
OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. 3 days or less away! |
|
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
|
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
4/26/2025 - 9:00 A.M. |