The cumulative impact of adopting FASB ASC 606 was immaterial and did not require an adjustment to retained earnings. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS, ITEM 4. Download Brochure, RV Storage Visit a local winery to sample locally made wines. On June 12, 2020, the County of San Luis Obispo allowed lodging businesses to operate at full capacity with restrictions on amenities. This seems high but it's not a membership. Management did not believe an allowance for doubtful accounts was necessary as of March 31, 2021, September 30, 2020, and March 31, 2020. Harmony Ridge Resort, family campgrounds and RV park in northern California includes 100 full and partial hookup sites for RV and tent camping and log cabins. It's the ideal place to enjoy a classic beach getaway thanks to its beautiful coastline, sparkling waters and fun attractions. PISMO COAST VILLAGE share $31,000 OBO Very desirable, beachfront RV campground in Pismo Beach, California 714-838-3377 MFS010316JMAC-PISMO BEACH, CA ADVANCE RESORTS OF AMERICA, INC "The Waterfront Resort Company" Paradise Cove Resort and Marina, Rockaway Beach, Oregon has a marina, clubhouses, swimming pools, Jacuzzi, tackle shop, These resorts range from old-fashioned and comfy to sleek and modern. Pismo Preserve features 900 scenic acres to explore and go bike riding, hiking, or horseback riding. 1,440 Sq Ft. website, call I also agree to the Terms of Services and Privacy Policy. The Arroyo Grande Valley and Edna Valley wine regions are a short drive away as is renowned Hearst Castle, which is a favorite destination for lovers of history, art and architecture. See more of Pismo Coast Village on Facebook If you have a disability that is preventing you from experiencing this Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. With storage, you can have your RV delivered and set up for you ahead of time. Depreciation of property and equipment is computed using the straight line method based on the cost of the assets, less allowance for salvage value, where appropriate. This increase is due primarily to an increase of $571,585, or 28.8%, in site rental revenue, which was primarily due to COVID-19 ramifications where the public sought outdoor recreation as a safe environment. $639 for the transfer fees yearly dues of approximately $399. Travel Resorts of America/Coast to Coast Lifetime membership in two campgrounds, and consent for Timeshare Broker Associates and, Copyright 2023 - Timeshare Broker Associates, LLC - All Rights Reserved Site Powered by. The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes. This increase in income reflects a $335,328, or 36.0%, increase in site revenue, and an increase of $13,080, or 3.1%, in RV storage and spotting activity. For the six-month period ending March 31, 2021, operating expenses decreased by $120,254, or 4.4%, below the same period in 2020. sig. may result in a faster sale of my timeshare. INTERNAL CONTROL OVER FINANCIAL REPORTING. Will sell for $5,000, including transfer fee of $700. Pismo Coast Village features 400 full hookup sites, each with complimentary wireless internet access and cable TV, on 26 mostly grassy, tree-lined acres. This decrease in expense primarily reflects labor, workers compensation, repairs and maintenance, and legal fees. Potlatch Resort in historic LaConner, Washington has swimming pool, Jacuzzi, It is anticipated the published rates will continue to market site usage at its highest value and not negatively impact the Company's ability to capture an optimum market share. This decrease reflects payroll taxes, employee insurance benefits, workers compensation, employee travel/training, legal fees, WiFi expense, repairs and maintenance, vehicle expense, and recreation expense. International: 1-603-516-0200, 100 Ocean View Ave., Pismo Beach, California, 93449. At March 31, 2021, September 30, 2020, and March 31, 2020, property and equipment included the following: NOTE 3: PROPERTY AND EQUIPMENT (continued), Furniture, fixtures, equipment and leasehold improvements. Busy season is in summer when people are out enjoying California's famous sun and surf. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed under the 1934 Act is accumulated and communicated to our management, including our principal executive officer and our principal financial officer, as appropriate, to allow timely decisions regarding required disclosure. Similarly, visitors look forward to spend a few hours at the Avila Hot Springs where they can obtain a day pass to soak in the natural artesian mineral hot spring. Enter your details below to be emailed when inventory matching your specifications becomes available. Depreciation rates are based upon the following estimated useful lives: Furniture, fixtures, equipment and leasehold improvements. Head out of your timeshare to go ATV riding along sand dunes for great pictures and for a memorable day. 3. Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. The Companys commitment to quality, value, and enjoyment is underscored by the businesss success due to word of mouth and referrals from guests. Great fishing is available, along with windsurfing, beachcombing, and waterskiing. Information deemed reliable but not guaranteed. In addition, investment for online marketing, ads in the two leading national directories, and trade magazine advertising formulates most of the business-marketing plan. Some of these projects include road repair, utility improvements, landscaping, and building repair. The Company does not have any significant financing components. Resort Operations Income for the six-months ended March 31, 2021, increased $548,348, or 18.5%, from the same period ended March 31, 2020. Cash payments received in advance of guests staying at the resort are refunded to guests if the guest cancels within the specified time period, before any services are rendered. For performance obligations related to the Company accommodations and other ancillary goods and services, control transfers to the customer at a point in time. We conducted our review in accordance with the standards of the PCAOB. 2022 Annual Report: This report is an analysis which discusses the Company's financial condition as of September 30, 2022, compared with September 30, 2021. https://www.pismocoastvillage.com/AnnualReport2022-PCVwebsite.pdf We are a public accounting firm registered with the PCAOB and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB. For the six-months ended March 31, 2021, income before provisions for income tax increased by $719,929, reflecting increased total income and decreased operating expenses. Floating week of your choice! Swimming pool, lake, recreational activities, store on site. Premier Membership with cabin package. The loan, which was in the form of a note dated April 28, 2020 issued by the borrower, matures on April 28, 2022 and bears interest at a rate of 0.98% per annum, payable monthly commencing on November 28, 2020. 2 Beds. [ ] Large accelerated filer [ ] Accelerated filer, [X] Non-accelerated filer [X] Smaller reporting company, Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). In March of 2020 there was a negative impact on paid occupancy, while the quarter ending March 31, 2021 reflects a 28% increase in paid occupancy over 2020. 5 Star RV Resort in Banning Ca. We are the original owners. As required by Rule 13a-15 under the Securities Exchange Act of 1934 (the "1934 Act"), as of March 31, 2021, we carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures. Web Design and SEO by: Advanced Internet Management Visiting in the spring and fall shoulder seasons promises warmer temperatures. The technical storage or access that is used exclusively for anonymous statistical purposes. Fall asleep to the sound of crashing waves and smell the salt scented air as you reconnect with family and loved ones in this beautifully landscaped. The difference between the effective tax rate and the statutory tax rates is due primarily to the effects of state taxes net of the federal tax benefit and nondeductible variable costs of shareholder usage. Pismo Coast Village also offers many great amenities: clean restrooms with hot showers; a General Store complete with your morning coffee freshly brewed; an arcade for the kid in you; a restaurant; a laundromat for those inevitable dirty clothes; a heated pool; bicycle rentals; and even a miniature golf course. Revenue is recognized when spaces are occupied or goods and services have been delivered or rendered, respectively. The Company's current cash position, as of March 31, 2021, is $8,156,893, which is 58.9% more than the same position in 2020. (CRMLS) 4 beds, 2.5 baths, 1641 sq. RV Services THE BASICS OF SHARE TRANSFERS THE BASICS OFSHARE TRANSFERS Pismo Coast VillageCorporate Office rv@pismocoastvillage.com (805) 773-5649165 S. DolliverPismo Beach, CA 93449 PCV SHAREHOLDER Maybe your family spent summers at Pismo Coast Village, and you want to bequeath your share to your children. Virtual Tours, 165 South Dolliver Street Pismo Beach, CA 93449, (888) RVBEACH Thousand Trails Membership Elite membership for sale, purchased out right from mother in law who passed away. The new guidance also added Subtopic 340-40, Other Assets and Deferred Costs-Contracts with Customers, to the ASC to require the deferral of incremental costs of obtaining a contract with a customer. Text msgs. For purposes of the statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less when purchased to be cash equivalents. I give my elec. No pending legal proceedings against the Company other than routine litigation incidental to the business. sig. We couldn't find any timeshares matching your search term, but we can notify you when we have new timeshares for purchase or rental. The financial information included in Part I of this Form 10-Q has been reviewed by Brown Armstrong Accountancy Corporation, the Company's Certified Public Accountants, and all adjustments and disclosures proposed by said firm have been reflected in the data presented. When you choose to store your RV onsite, you'll find anticipating your much-loved vacation destination is a more pleasurable experience. Anyone out there a shareholder in Pismo Coast Investments which owns Pismo Coast RV Village in California? Inventory has been valued at the lower of cost or market on a first-in, first-out basis. 170 Branch St #374, Pismo Beach, CA 93449 Zillow. The General Store revenue was up $39,301, or 36.0%, and RV Service revenue increased $511, or 0.4%, from the previous year. The note may be prepaid by the borrower at any time prior to maturity with no prepayment penalties. Pismo Coast Village RV Resort Timeshares for Sale WorldMark Pismo Beach 100 Ocean View Ave., Pismo Beach, California, 93449 Less than a block from Pismo Beach's beautiful ocean, WorldMark Pismo Beach offers you many water activities. If the Company is unable to generate sufficient funds from the public, the Company may be required to charge shareholders for services. General Store As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had $77,401, $71,145, and $30,266 in TOT and TBID assessments due to the City of Pismo Beach and the County of San Luis Obispo included in accrued expenses on the combined balance sheet, respectively. The Company began canceling reservations on March 19, 2020 and closed the park on March 23, 2020. The RVing public actively seeks accommodations on the Central Coast despite volatile fuel prices and personal financial uncertainties. Pismo Coast Village RV Resort 213 reviews #1 of 5 campgrounds in Pismo Beach Save Share 165 S Dolliver St, Pismo Beach, CA 93449-2901 Check In / / Check Out / / Guests Contact accommodation for availability. As of March31, 2021, September 30, 2020, and March 31, 2020, the Company had customer deposits related to prepaid village accommodations of $3,027,365, $2,058,135, and $2,120,707 on the balance sheet as rental deposits, respectively. Pismo Coast Village RV Resort. We market your timeshare vacation property worldwide to help connect timeshare sellers with buyers. Income before provision for income tax for the three-month period ended March 31, 2021, increased by $440,631, reflecting increased total income compared to the previous year and decreased operating expenses. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. Membership was established in 2004. Lovely resort with amenities for the whole family! A Pismo Beach timeshare lets you enjoy all your favorite activities at your leisure. To view all of Pismo Coast Villages filings with the SEC, go to sec.gov link below. Expand your search parameters, or consider They currently have 6 or 7 shares available going for $32,550 each. The Company develops its income from two sources: (a) Resort Operations, consisting of revenues generated from RV site rentals, from RV storage space operations, and from lease revenues from laundry and arcade operations by third party lessees; and (b) Retail Operations, consisting of revenues from General Store operations and from RV parts and service operations. QUANTITATIVE AND QUALITATIVE DISCLOSURE ABOUT MARKET RISK. Please contact Lloyd or Marilyn Philipps at 520 722-1782 or email azgalnow@yahoo.com . Capital projects are designed to enhance the marketability of the camping sites and enhance support facilities. Enjoy a miniature golf course, general store, restaurant that is open seasonally, a heated pool, laundromat, bike rentals and an arcade. Information deemed reliable but not guaranteed. Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under the 1934 Act is recorded, processed, summarized, and reported within the time periods specified in the SEC's rules and forms. A 2019 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,151, including interest at 4.181% per annum, through May 2025. Dinosaur Caves Park offers a fun playground along with an old-time band-shell that features occasional free concerts. Web Design and SEO by: Advanced Internet Management. For the six-months ended March 31, 2021, Cost of Goods Sold expenses were 46.9 % compared to 45.9% the previous year. Listing Broker has attempted to offer accurate data, it is deemed reliable but not guaranteed. The geographic nature of the revenue could affect the nature, timing, amount and uncertainty of revenue and cash flows. A 2020 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,166, including interest at 5.406% per annum, through May 2027. Results of Review of Interim Financial Information. 140 S DOLLIVER ST SPC 127, Pismo Beach, CA 93449. The present level of cash is being maintained in anticipation of large capital expenditures. Keeping your RV in its best shape assures a fantastic visit every time. The Company has a revolving line of credit with Pacific Premier Bank (formerly Heritage Oaks Bank) for $500,000, expiring April 1, 2021. A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,147, including interest at 4.644% per annum, through September 2024. Web Cams The increase in the General Store revenue primarily reflects the increased resort occupancy due to COVID-19. Pismo Coast Village RV Resort 165 South Dolliver Street, Pismo Beach, CA 93449 US . These capital expenditures are expected to increase the Resort's value to its shareholders and the general public. The Company enjoyed four consecutive months of record site occupancy until the State mandated a Stay-at-Home order on December 3, 2020. Camp for free at beautiful resort at Gettysburg historic area. International: 1-603-516-0200, Toll Free: 1-877-815-4227 Cost: $1800 or best offer includes annual dues and maintenance fees. Sports enthusiasts can enjoy surfing, fishing, kayaking, sailing, body boarding and kite boarding at places like Pismo State Beach. Visitors looking to buy, sell or rent timeshare resales will be nestled right on the beach, beautifully landscaped, it is truly an outstanding RV resort in every sense. Management is planning and implementing long-term renovations to the Resort property, which includes redesigning sites and utilities to accommodate the needs of modern recreational vehicles and replacing restroom buildings. Shoppers love the Pismo Beach Premium Outlets with its outstanding collection of designer names. The earnings per share are based on the 1,775 shares issued and outstanding. After 10 years of traveling we are selling our RV and settling in a mobile home park. Visiting in the spring and fall shoulder seasons promises warmer temperatures. I give my elec. Operating expenses for the three-month period ending March 31, 2021, decreased $79,028, or 6.1%, below the same period ended March 31, 2020. Accounts payable and accrued liabilities decreased $2,885 below the same period last year and decreased $314 since the 2020 fiscal year end, which reflects a timing of capital projects and accrued property taxes. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS, Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Garry Nelson, President and Chairman of the Board), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jay Jamison, Chief Executive Officer and principal executive officer), Certification Pursuant to 18 U. S. C. Subsection 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 (Jerry Roberts, Chief Financial Officer, principal financial officer and principal accounting officer).
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