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.

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