07-25-19 - BOARD BOOK
Frenchman's Creek, Inc. Capital Fund Balance Forecast 2019 -2020
2019-20
2020-21
Beginning Balance, May 1, 2019
3,258,599 1,610,000
2,807,512 Beginning Balance, May 1, 2020
Equity Transactions (14), net
1,610,000 Projected Equity (14), net
Home Turn Tranche (7) ●
(805,000)
(805,000) Home Turn Tranche (7) ●
$200 Monthly Capital Assessment
1,460,400
1,460,400 $200 Monthly Capital Assessment
2019/2020 Club Capital Budget
(2,128,000)
(1,750,000) 2019/2020 Capital Budget Estimate
2019/2020 Board Approved Additions
(300,000)
(300,000) 2019/2020 Board Approved
2018/2019 Carry Forward
(297,000)
0
Interest
8,513
8,513 Interest
Balance, April 30, 2019
$2,807,512
$3,031,425 Forecast Balance, April 30, 2021
First 7 home sales pledged to Wells Fargo each year for the life of the loan.
11/88
Made with FlippingBook - Online catalogs