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As of September 30, 2013, we had cash on hand of $1,492,495.89. This includes reserves, funds for operations, and petty cash. This is an 31.31% increase over cash on hand September 30. 2012. This is the highest amount of cash on hand this decade. Note much of the cash on hand is needed to pay outstanding obligations,e.g, the SBA loan of $1,276,006.59 as of September 30th, maintenance for the complex, insurance premiums, etc. as well as to fund our reserves. The year to year increase is primarily as a result of there being no major maintenance work so far this year.. Cash on hand generally falls in the early part of the year because insurance premiums are paid but owners have until April to pay the special assessments that cover them.
| Cash on Hand | 2011 | 2012 | 2013 |
| January | $ 888,021.91 | $ 765,398,27 | $ 1,097,685.54 |
| February | $ 921,599.60 | $ 839,567.93 | $ 1,132,479.91 |
| March | $1,023,992.40 | $ 965,815.49 | $ 1,234,705.38 |
| April | $ 991,143.59 | $1,089,592.80 | $ 1,357,457.97 |
| May | $ 941,239.30 | $1,102,382.70 | $ 1,405,546.48 |
| June | $ 970,067,00 | $1,112,130.10 | $ 1,437,322.16 |
| July | $ 977,375.50 | $1,137,278.90 | $ 1,473,009.34 |
| August | $ 921,927,75 | $1,148,605.70 | $ 1,490,319.55 |
| September | $ 903,161.94 | $1,136,594.70 | $1,492,495.89 |
| October | $ 904,473.20 | $1,123,907.80 | $1,249,610.79 |
| November | $ 916,055.01 | $1,142,759.00 | |
| December | $ 704,050.32 | $ 937,571.49 |
The table above does not include assessments receivable, i.e, money owed the Association, which came to $ 10,476.15 as of September 30, 2013.
| Assessments Receivable | 2011 | 2012 | 2013 |
| January | $ 174,127.36 | $ 329,212,30 | $ 312,279.51 |
| February | $ 153,073.55 | $ 287,094.08 | $ 288,785.92 |
| March | $ 60.386.13 | $ 170,057.85 | $ 198,541.21 |
| April | $ 37,563.64 | $ 57,207.10 | $ 81,493.33 |
| May | $ 34,955.35 | $ 42,484.05 | $ 49,767.99 |
| June | $ 26,351.30 | $ 35,656.59 | $ 31,850.48 |
| July | $ 13,191.56 | $ 28,201.87 | $ 26,092.95 |
| August | $ 8,038.78 | $ 19,703.44 | $ 16,678.85 |
| September | $ 8,702.91 | $ 20.430.16 | $ 10,476.15 |
| October | $ 7,212.68 | $ 24,363.79 | $ 29,791.18 |
| November | $ 6,944.35 | $ 16,289.45 | |
| December | $ 9,960.70 | $ 17,060.06 |
Note: Assessments receivable generally increase in January because the insurance assessment has been assessed, but owners have a number of months to pay it.
We continue to work on collecting the remaining delinquent dues owed the Association.
The interest income we have received has declined significantly. This is do to the decline in interest rates. See table for monthly figures.
| Interest Earned | 2011 | 2012 |
2013 |
| January | $ 1,653.29 | $ 171.79 | $ 171.23 |
| February | $ 354.46 | $ 167.64 | $ 190.84 |
| March | $ 441.01 | $ 191.51 | $ 249.70 |
| April | $ 445.67 | $ 246.33 | $ 283.82 |
| May | $ 422.91 | $ 222.99 | $ 266.98 |
| June | $ 411.54 | $ 199.87 | $ 236.49 |
| July | $ 427,54 | $ 206.79 | $ 253.27 |
| August | $ 425.09 | $ 191.75 | $ 233.52 |
| September | $ 424.91 | $ 280.44 | $ 181.31 |
| October | $ 411.67 | $ 208.58 | $ 168.66 |
| November | $ 504.19 | $ 187.86 | |
| December | $ 240.19 | $ 144.77 | |
| Total | $ 6,142.47 | $ 2,417.32 | $ 2,235.82 |
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