Sand Key Club Treasurers report: 5-16-2024
Financials ending 3/31/2024
Total operating cash: $441,098.68
Total reserve account balance: $433,246.73
Total special assessment balance: $414,708.67
Total unpaid monthly maintenance fees: $28,333.12
Total unpaid special assessment fees: $18,135.39
Total YTD collections for the insurance fund: $147,500 (amount included in cash)
Special assessment funds spent: $6275 for shade structure engineering was charged to special assessment need to be charged to reserve account .
Reserve account spent: $90 to Biller/Reinhart for deck
$1011 for Lobby improvements
General notes
1- Pump replacement by Coastal energy charged to special assessment still has not been moved by resource to the reserve account
2- Gouvis overpayment still has not been credited to the reserve account
3-Resource still has yet to move an incorrect posting for Holiday pay to admin, and made another incorrect posting to that line item this month.
Dennis Barriault
Treasurer