Dear community of Puerto Aventuras:

The month closed with a positive balance of $1,364,688 and, with that, the ordinary operation of the Association practically returned to balance for the year-to-date. Below we share the details.

1. The figures for the month

Figures in Mexican pesos. The income for the month exceeded the monthly budget by 36%, and regular operating expenses closed 7.6% below what was budgeted. This combination explains the positive result. 

2. The ordinary operation returns to balance

In previous reports, we have insisted on separating two things that are often confused: the ordinary operation —the costs and income of the daily functioning of the community— and the extraordinary projects, which are financed with specific fees approved for each project.

Seen this way, the evolution of the year is as follows:

July alone contributed $946,455 of positive ordinary results, which almost completely reversed the deficit left by June. Let’s remember that June included one-time expenses that do not repeat —mainly the severance payment of the General Management and the bimonthly social security cycle—, and July confirms that it was a one-time effect and not a fundamental deterioration.

3. Where the income comes from

The property maintenance fees for July ($3,407,403) exceeded the monthly expectation by 24%, and the construction fees closed well above what was anticipated, reflecting the construction activity within the development.

Maintenance fees: the year-to-date total

Despite the good month, the year-to-date total of property fees is 6.6% below budget ($17,924,451 actual versus $19,199,376 budgeted). If we add the payments still pending identification —which mostly correspond to this category— the actual gap reduces to approximately 3.1%.

This difference is mainly explained by debts concentrated in a small number of large properties within the development. The administration is actively working on their regularization; as they are resolved, this category should align with the budget or even exceed it.

Recovery of overdue fees

July closed with $130,946 recovered, below the monthly expectation. However, the year-to-date total remains very favorable: $2,729,391 recovered against $1,750,000 budgeted, 56% above. Payment agreements continue to be made, and the response from owners with debts has been gradual but steady. We thank those who have regularized their situation.

Regarding the fees to be identified

When we receive a transfer without a reference that allows us to know who is paying or what period it covers, the payment is temporarily recorded as fee to be identified until it can be reconciled. In July, $313,408 was reconciled and reassigned to the accounts of its owners, bringing the outstanding balance down to $688,221 — a reduction of 31% compared to June and 40% from the year's peak.

How you can help us: when making your transfer, always include your property number in the reference or concept field. It is the simplest way to ensure that your payment is applied correctly and that your account statement reflects your actual situation.

4. How your fees are invested

Just over 71 cents of each peso are allocated to the people and services that care for the community: security, gardening, cleaning, public areas, roadways, and the administration that coordinates all of this.

5. Two notes on the month's spending

Fumigation. The item closed July at $79,050, well above its average. The reason is specific: $71,500 corresponds to the purchase of fumigation product, that is, inventory that will be applied during the following months. It is not an increase in the cost of the service.

Recycling collection. During July, the provider for the recycling collection service was changed, which reduced the cost of collection from $20,000 to $11,600 —a reduction of 42%. This is the type of provider review that the administration maintains permanently and that, sustained over time, represents a significant savings for the community.

6. Extraordinary projects: progress and balances

Barrier against sargassum. During July there were no additional payments; the investment remains at $4,877,637, fully covered since May. The remaining balance of the fee, $972,437, remains allocated to this project.

Security Booth. The project has applied $1,185,758 against $489,253 collected from the corresponding fee. The spending pace moderated in July ($136,425, compared to $554,070 in June), but the accumulated difference of $696,505 continues to be temporarily financed with resources from ordinary operations. The Board of Directors keeps the review of the project's scope and its financing scheme open, and will inform the community about the measures that are adopted.

Cultural Center and Bike Path. Both maintain available balances ($1,099,875 and $124,740) and will progress according to the schedule defined by the Board of Directors.

Progress of extraordinary collection

The collection of extraordinary fees continues to fall short of the approved targets for each project:

Just like with the regular fees, a significant part of the outstanding amount corresponds to debts from large properties. Its regularization is one of the administration's priorities for the rest of the year, as it depends on this for these projects to progress without resorting to operational resources.

7. Performance against the budget

The regular operating expense for July (excluding depreciation and extraordinary projects) closed at $2,896,253 against the budgeted $3,136,972, that is 7.6% below. However, in the year-to-date, the spending remains 7.5% above what was planned.

The items that require monitoring at the end of July are:

The security expenditure continues to be the most significant budget deviation, with $1,148,475 accumulated above what was planned. It is important to note that the deviation remained stable during July and that the month's expenditure ($990,882) was lower than June's ($1,025,991). The review of the contract and coverage scheme is still ongoing.

8. Financial strength and liquidity

Liabilities include $5,409,922 in construction deposits, refundable to owners upon completion of their works, and $1,230,980 from the workers' savings fund. None of these resources belong to the operation.

The uncommitted reserve is approximately 1.9 months of ordinary operating expenses, compared to 1.5 months at the end of June. Available cash increased by $1,196,434 during the month. The Association has no bank debt of any kind.