Annual Financial Report Highlights for 2021 Mid-Year
Update on the financial performance for the first half of 2021, including revenue updates, fund balances, real estate transfers, taxes, building permits, household property tax collections, pool revenue, and golf course food and beverage sales. The report highlights actual figures against budgeted amounts, showcasing areas of growth and potential improvements.
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2021 Mid-Year Revenue Update July 21, 2021
2021 Starting Fund Balance Fund Balance 2021 Anticipated Start $4,130,163 2021 Actual Start $4,564,660 Net Effect + $434,497
2021 Real Estate Transfer Amount Through June 30, 2021 $766,460 2021 Budgeted Amount $1,500,000 2021 Monthly Average Needed to Reach Budget $125,000 Current 6 Month Average $127,742
Real Estate Transfer Tax Over The Last 3 Years Through June 30th Year End Number 2019 $750,601 $1,530,596 2020 $539,122 $1,508,986 2021 $766,400 --------------
Local Service Tax (LST) 3-Year Comparison Through June 30th LST Collection Actual Collection Year End 2019 $180,383 $356,298 2020 $182,242 $359,593 2021 $169,149 -------------
2021 Building Permits Building Permits As of June 30, 2021 $461,010 2021 Budgeted $775,000
2019 - 2020 Building Permits Collections Year-End Collections 2019 $951,715 2020 $947,908
Household Property Tax Collection Total HH# Face Period HH Paying Thru 2019 12,457 11,955 2020 12,457 11,980* 2021 12,457 12,060
2021 Pool Collections Revenue 6-30 Revenue 2021 Budgeted Memberships $831,531 $680,142 Classes / Sales $40,742 $125,000 YTD/ Budget $872,273 $805,142
Golf Course Food & Beverage Year To Date All F & B Items YTD As of June 30, 2021 $318.920.08 Versus 6 Month $275,850.00 Budget Amount YTD F & B Net +$43,070.80 *Overall Golf Course is (Net) + 162k ahead of budget
