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Lake Tahoe Park Association
Manager's Commentary
to the 2007 and 2006 Financial Statements
Unpaid Assessment (Accounts Receivable) at Year's End
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| Accounts Receivable |
2007 |
2006 |
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$37,400 |
$38,423 |
Statement of Revenue and Expenses:
- Dues income increased by $5,081 due to collection of past due accounts.
- Collection of the fee when a home is transferred decreased by $3,125 due
to the condition of the real estate market and fewer homes selling.
- Buoy/Kayak rental income increased by $5,459 because of the installation
of Kayak A-Frames and improved controls for on-site rentals.
- The Special Assessment for park improvements generated $137,570 in 2007.
In 2007 $88,648 was spent for improvements to the piers and fence.
Approximately $20,000 was incurred for one-time costs for implementing the
keycard system. ($14,564 for the cards and the system and approximately
$5,000 in labor costs.)
- The Board of Directors implemented a Wedding Fee of $1,000 effective at
the end of 2007, in addition to a $500 deposit that is refundable upon
meeting certain criteria.
- Bookkeeping and Secretarial increased by $7,350 due to the one-time
programming of the initial keycards, mailings for the Special Assessment and
to notify the membership of hearings related to the gas station property.
- Equipment lease is higher due to increased costs of equipment and
supplies.
- Keys/Keycards were higher by $10,107 due to the one-time initial
purchase of the keycards and the keycard software.
- The decrease in legal expenses of approximately $22,000 was the result
of the majority of the expenditures for determining the power of the Board
of Directors to manage the gas station lot being incurred in 2006.
- Meeting expense increase of $1,672 is related to a larger turn-out of
the membership for the hot dogs and drinks after the annual meeting.
- Salaries and wages and payroll taxes increased due to the transition of
the General Manager position.
Contact Lake Tahoe Park Association
Physical Address
Tahoe Park Beach, Pier & Common Areas
1700 Sequoia Avenue, Tahoe City, California, 96145 (map)
E-mail: Management - Jim Davisson
E-mail: Association Accounts & Administration
E-mail: Tahoe Park Beach, Pier & Common Areas
Association Mailing Address
P.O. Box 5771, Tahoe City, California, 96145
E-mail: The Board
| Beach & Manager's Telephone: (530) 583-3820 |
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Fax: (530) 581-4275 |
URL: http://laketahoeparkassociation.com/managerscommentary.htm
Last modified:
05/06/09
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