Oracle 4 2017

Oracle 4 2017

ORACLE

APR I L 2 0 1 7

In this issue: Outdoor Resort Palm Springs - the Number One RV Resort in the USA DONATIONS NEEDED As you leave for your summer home and are cleaning out your cupboards, please bring your non-perishable food items and place them in the boxes at each clubhouse until April 30. Our Valley residents are in need of our help. ORPS Calendar page 3 page 9 Chapel Golf page 10 &11 page 12 & 13 Tennis Pickleball page 14 page 15 Activities & Movies Photos by Sharen page 16, 17 & 18

St. Theresa’s Church is part of Riverside County’s program to provide food for the needy. Every Monday their food kitchen hands out a grocery bag to each family.

Happy Trails to those heading Home! See you in the fall!

OUTDOOR RESORT PALM SPRINGS

CFO Report

Hard to believe that we have reached the end of another season. As many of you read this, you are likely packing and getting ready to leave, already left or have reached your summertime destination. Of course there are the brave

As your newly appointed CFO, I take this responsibility both humbly and seriously, making sure that our monthly HOA dues are being managed the best way possible. February Financials have just been approved, and I am pleased to report a few of the highlights: our Net Variance to Budget on the Revenue side shows an increase of $132,788. This compares to February 2016, a deficit of $21,778. Largest variance to Revenue was a net increase to the Resort fee of around $116,000. Bar Sales also had net variance increase of $12,600. Expenses are also down around $46,000. Our recently approved Budget has kept the increase in HOA dues to $3 for Operations and $3 for Reserves. This is a 1% increase, well under inflation. We continue to build up our Reserve Funding and are now at nearly 60%, on schedule to reach the 70% funded goal by 2020. At our recent meeting with First Foundation, our investment firm, we discussed our current financial position and are currently working with them to get a better return on our investments. They gave us the ultimate compliment that we are among the top HOA's in managing our finances. A Big Thanks goes to Clint, Brenda and her team, along with Dave Mueller and the Finance Committee. We anticipate finishing off the fiscal year well.

APRIL 2017

Board of Directors President B RIAN C ANFIELD Vice President M ARYELLEN M UIR Secretary D EDE L OOP CFO C RAIG W IRCH Members

few that stay with us all summer and deal with the heat! During the spring and summer, the office will still be busy with the business of the HOA and getting projects underway. On the admin side, management will continue to work with the Board during the summer to review and rewrite rules and regulations in the wake of the newly restated CC&Rs. In addition, we will review the >Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23

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