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12 June 2019 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2018 – June 2019 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Variance Report 3 Golf Shop Income Statement 4 Course Maintenance Expense Statement 5 Outside Service Expense Statement 7 Clubhouse Expense Statement 8 Marketing Expense Statement 9 General & Administrative Expense Statement 10 Operating Leases & Miscellaneous Expense Statement 12 Complimentary Report 13 Annual BudgetAccount Description June 2019 Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue125,205.91 154,962.50 (29,756.59) -19.2% 3,236,922.09 3,401,302.63 (164,380.54) 3,401,303.00 164,380.91 95%401000 Miscellaneous Golf Revenue9,785.00 20,770.00 (10,985.00) -52.9% 300,739.05 302,065.60 (1,326.55) 302,066.00 1,326.95 100%410000 Revenue-Golf Shop10,452.86 14,700.00 (4,247.14) -28.9% 247,697.94 277,150.00 (29,452.06) 277,150.00 29,452.06 89%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income0.05 - 0.05 0.0%0.37 - 0.37 - (0.37) 0%Total Income145,943.82 190,932.50 (44,988.68) -23.6% 3,797,359.45 3,992,518.23 (195,158.78) 3,992,519.00 195,159.55 95%Cost of Goods Sold510000 COS-Golf Shop6,753.15 8,228.59 (1,475.44) 17.9% 138,917.77 155,124.86 16,207.09 155,121.00 16,203.23 90%Total COS6,753.15 8,228.59 (1,475.44) 17.9% 138,917.77 155,124.86 16,207.09 155,121.00 16,203.23 90%Gross Profit139,190.67 182,703.91 (43,513.24) -23.8% 3,658,441.68 3,837,393.37 (178,951.69) 3,837,398.00 178,956.32 95%Expenses610000 Golf Pro Shop 17,018.62 19,256.23 (2,237.61) 11.6% 225,665.13 221,114.82 4,550.31 221,115.00 (4,550.13) 102%630000 Course Maintenance136,801.87 135,474.00 1,327.87 -1.0% 1,707,286.84 1,740,490.00 (33,203.16) 1,740,490.00 33,203.16 98%633000 Maintenance Water & Energy24,980.61 30,969.00 (5,988.39) 19.3% 212,363.26 249,838.00 (37,474.74) 249,838.00 37,474.74 85%640000 Outside Services27,808.64 22,133.43 5,675.21 -25.6% 389,737.07 354,597.19 35,139.88 354,598.00 (35,139.07) 110%650000 Clubhouse10,049.42 11,176.00 (1,126.58) 10.1% 131,978.49 136,412.00 (4,433.51) 136,412.00 4,433.51 97%660000 Marketing12,867.43 10,328.00 2,539.43 -24.6% 216,085.84 229,959.00 (13,873.16) 229,960.00 13,874.16 94%670000 General & Administrative24,818.37 27,842.00 (3,023.63) 10.9% 295,718.92 329,049.00 (33,330.08) 329,053.00 33,334.08 90%680000 Leases25,603.70 26,000.00 (396.30) 1.5% 306,456.49 309,250.00 (2,793.51) 309,250.00 2,793.51 99%690000 Miscellaneous Other Expense16,430.97 16,599.25 (168.28) 1.0% 244,143.41 241,826.07 2,317.34 241,826.00 (2,317.41) 101%Total Expenses296,379.63 299,777.91 (3,398.28) 1.1% 3,729,435.45 3,812,536.08 83,100.63 3,812,542.00 83,106.55 98%(157,188.96) (117,074.00) (40,114.96) -34.3%(70,993.77) 24,857.29 (95,851.06) 24,856.00 95,849.77 0%Rounds of Golf PlayedPaid Rounds Played2,489 2,450 39 1.6%44,949 46,155 (1,206) 43,155 (1,794) 104%Ave $ Per Paid Round Green Fee50.30 63.25 (12.95) -20.5%72.01 73.69 (1.68) 78.82 6.80 91%Ave $ Per Paid Round Merchandise4.20 6.00 (1.80) -30.0%5.51 6.00 (0.49) 6.42 0.91 86%Ave $ Per Paid Miscellaneous 3.93 8.48 (4.55) -53.6%6.69 6.54 0.15 7.00 0.31 96%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJune 20191 Income June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees125,205.91 154,962.50 (29,756.59) 3,236,922.09 3,401,302.63 (164,380.54) 3,401,303.00 164,380.91 4.8%4010000 Rider Fee575.00 245.00 330.00 11,807.85 7,307.30 4,500.55 7,307.00 (4,500.85) -61.6%4040000 Club Rental1,185.00 1,225.00 (40.00) 27,145.00 21,086.50 6,058.50 21,087.00 (6,058.00) -28.7%4050000 Driving Range3,225.00 3,675.00 (450.00) 103,657.00 94,871.80 8,785.20 94,872.00 (8,785.00) -9.3%4060000 Handicap Fees- - - 841.00 2,500.00 (1,659.00) 2,500.00 1,659.00 66.4%4090000 Ball Retriever/Subcontract- - - 1,738.20 4,000.00 (2,261.80) 4,000.00 2,261.80 56.5%4091000 Golf Professional Rental Fee- - - 7,500.00 7,000.00 500.00 7,000.00 (500.00) -7.1%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue4,800.00 15,625.00 (10,825.00) 148,050.00 165,300.00 (17,250.00) 165,300.00 17,250.00 10.4% Total Revenue Fees134,990.91 175,732.50(40,741.59) 3,537,661.143,703,368.23 (165,707.09)3,703,369.00 165,707.86 4.5%134,990.91 175,732.50(40,741.59) 3,537,661.143,703,368.23 (165,707.09)3,703,369.00 165,707.86 4.5%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetJune 20192 RevenuesActual BudgetVariance$125,205.91 $154,962.50 (29,756.59)Unfavorable: The last quarter of the fiscal year saw a $84k variance in greeen fee revenue compared to budget. This was a result of the start of constuction of the development and mass grading. In addition, we had several days of power interuption which forced operations to close or reduce play signficantly. This was not part of the budget or any assumptions. Actual Budget Variance$9,785.00 $20,770.00 (10,985.00)Unfavorable: Due to construction of the course, most residents didn’t realize the course was still issuing resident cards.Actual Budget Variance$10,452.86 $14,700.00 (4,247.14)Unfavorable: Due to the start of construction, rounds of golf were down which translates to a reduction of merchandsie sales. ExpensesActual Budget Variance$24,980.61 $30,969.00 (5,988.39)Favorable: Due to a colder than usual spring, the water usage was reduced.Actual Budget Variance$27,808.64 $22,133.43 5,675.21Unfavorable: Due to an increase in expenses for maintenance of golf carts. This is the final year for this fleet and extra maintenance is required.Actual Budget Variance$10,049.42 $11,176.00 (1,126.58)Favorable: Due to reduced cleaning cost. We have department cleaning done by employees versus a contractor.Actual Budget Variance$12,867.43 $10,328.00 2,539.43Unfavorable: Due to advertising invoices from the previous month not considered. Year to date advertising expenses are in alignment to budgeted amounts. Actual Budget Variance$24,818.37 $27,842.00 (3,023.63)Favorable: Due to reduced payroll, and line item reduction.Maintenance - Water & EnergyVariance ExplanationJune 2019The explanation of variance from budget shown below provide details of variances by revenue and expensecategories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations areprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesGolf Green Fee RevenueMiscellaneous Golf RevenueGeneral and AdministrativeMarketingOutside ServicesClubhouse3-20-13 IncomeJune 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous199.92 - 199.92 5,916.33 - 5,916.33 00 0%4100110 Sales Hard Goods5,373.60 3,675.00 1,698.60 87,263.42 69,287.50 17,975.92 69,288.00 (17,975.42) -25.9%4100112 Sales-Soft Goods6,482.00 11,025.00 (4,543.00) 186,363.25 207,862.50 (21,499.25) 207,863.00 21,499.75 10.3%5100639 GS-Discounts-Mdse (1,602.66) - (1,602.66) (31,845.06) - (31,845.06) - 31,845.06 0.0% Total Revenue Golf Shop10,452.86 14,700.00 (4,247.14) 247,697.94 277,150.00 (29,452.06) 277,151.00 35,369.39 12.8%COS 5100150 COS-GS-Hard Goods 3,298.92 2,132.00 1,166.92 47,369.72 40,189.00 7,180.72 40,187.04 (7,182.68) -17.9%5100151 COS-GS-Soft Goods 3,377.80 6,395.00 (3,017.20) 86,702.28 120,562.00 (33,859.72) 120,560.54 33,858.26 28.1%5100152 COS-GS-Purchase Disc (80.46) (426.30) 345.84 (295.03) (8,037.36) 7,742.33 (8,037.00) (7,741.97) 96.3%5100220 COS-GS-Freight Merch 156.89 127.89 29.00 5,140.80 2,411.22 2,729.58 2,411.00 (2,729.80) -113.2%Cost of Sales - Golf Shop6,753.15 8,228.59 (1,475.44) 138,917.77 155,124.86 (16,207.09) 155,121.58 16,203.81 10.4%Gross Profit 3,699.71 6,471.41 (2,771.70) 108,780.17 122,025.14 (13,244.97) 122,029.42 19,165.58 15.7%COS % 64.6% 56.0% -8.6% 56.1% 56.0% -0.1% 53.1% 45.8% 86.3%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group710.77 2,436.00 (1,725.23) 11,394.04 26,796.00 (15,401.96) 26,796.00 15,401.96 57.5%6101325 Insurance-Workers Comp 1,485.60 504.61 980.99 10,445.92 5,635.24 4,810.68 5,635.00 (4,810.92) -85.4%6101720 Salaries5,008.16 4,400.00 608.16 60,551.65 52,800.00 7,751.65 51,000.00 (9,551.65) -18.7%6101800 Taxes-Employer Payroll 1,050.98 1,749.32 (698.34) 17,554.99 19,535.51 (1,980.52) 19,935.00 2,380.01 11.9%6101880 Wages-Hourly8,363.74 9,056.30 (692.56) 116,431.58 97,473.07 18,958.51 98,874.00 (17,557.58) -17.8%6101882 Wages-Overtime88.51 - 88.51 922.20 - 922.20 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,707.76 18,146.23 (1,438.47) 217,300.38 202,239.82 15,060.56 202,240.00 (13,185.30) -6.5%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office228.34 250.00 (21.66) 1,607.56 3,000.00 (1,392.44) 3,000.00 1,392.44 46.4%6109220 Freight & Delivery35.12 - 35.12 221.96 75.00 146.96 75.00 (146.96) -195.9%6109490 Miscellaneous- 500.00 (500.00) 1,104.95 6,000.00 (4,895.05) 6,000.00 4,895.05 81.6%6109150 Dues and Subscriptions- - - 2,049.50 2,300.00 (250.50) 2,300.00 250.50 10.9%6109500 ProShop-Over/Short(0.78) - (0.78) (0.17) - (0.17) - 0.17 0.0%6109722 Seminars/Training- 35.00 (35.00) - 3,690.00 (3,690.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 2,832.99 2,400.00 432.99 2,400.00 (432.99) -18.0%6117840 Telephones48.18 110.00 (61.82) 547.96 1,320.00 (772.04) 1,320.00 772.04 58.5%310.86 1,110.00 (799.14) 8,364.75 18,875.00 (10,510.25) 18,875.00 10,510.25 55.7%17,018.62 19,256.23 (2,237.61) 225,665.13 221,114.82 4,550.31 221,115.00 (2,675.05) -1.2%Net Income(13,318.91) (12,784.82) (534.09) (116,884.96) (99,089.68) (17,795.28) (99,085.58) 21,840.63 -22.0%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetJune 20193 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group9,003.41 9,165.00 (161.59) 99,906.57 103,020.00 (3,113.43) 103,020.00 3,113.43 3.0%6311325 Insurance-Workers Comp3,416.88 2,276.00 1,140.88 31,497.37 26,974.00 4,523.37 26,974.00 (4,523.37) -16.8%6311720 Salaries13,012.76 12,476.92 535.84 155,675.40 149,723.04 5,952.36 146,400.00 (9,275.40) -6.3%6311800 Taxes-Employer Payroll5,706.77 7,891.00 (2,184.23) 72,396.17 94,048.00 (21,651.83) 94,048.00 21,651.83 23.0%6311880 Wages-Hourly46,187.83 48,223.08 (2,035.25) 554,658.70 561,371.96 (6,713.26) 564,695.00 10,036.30 1.8%6311882 Wages-Overtime3,197.62 - 3,197.62 63,230.17 12,350.00 50,880.17 12,350.00 (50,880.17) -412.0%Total-CM-SALARIES & BENEFITS80,525.27 80,032.00 493.27 977,364.38 947,487.00 29,877.38 947,487.00 (29,877.38) -3.2%63-CM-SUPPLIES & MATERIALS6313734 Chemicals2,938.96 3,700.00 (761.04) 41,270.50 17,760.00 23,510.50 17,760.00 (23,510.50) -132.4%6313744 Fertilizer9,825.06 10,630.00 (804.94) 72,437.56 100,520.00 (28,082.44) 100,520.00 28,082.44 27.9%6313745 Herbicides- 2,808.00 (2,808.00) 1,854.50 25,518.00 (23,663.50) 25,518.00 23,663.50 92.7%6313746 Flowers/Plants1,869.83 - 1,869.83 8,447.50 3,050.00 5,397.50 3,050.00 (5,397.50) -177.0%6313748 Fuel-Gasoline5,208.88 3,580.00 1,628.88 43,611.43 46,860.00 (3,248.57) 46,860.00 3,248.57 6.9%6313750 Golf Course Accessories- - - 14,567.51 13,140.00 1,427.51 13,140.00 (1,427.51) -10.9%6313756 POA Control2,061.80 - 2,061.80 10,182.43 9,900.00 282.43 9,900.00 (282.43) -2.9%6313758 Miscellaneous Supp481.64 100.00 381.64 6,092.33 4,350.00 1,742.33 4,350.00 (1,742.33) -40.1%6313762 Supplies-Office48.11 - 48.11 3,463.52 - 3,463.52 - (3,463.52) 0.0%6313774 Sand- 100.00 (100.00) 6,313.04 13,460.00 (7,146.96) 13,460.00 7,146.96 53.1%6313776 Seed- - - 103,424.93 117,400.00 (13,975.07) 117,400.00 13,975.07 11.9%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 2,111.41 5,000.00 (2,888.59) 5,000.00 2,888.59 57.8%6313780 Sod- 3,450.00 (3,450.00) 5,343.51 13,500.00 (8,156.49) 13,500.00 8,156.49 60.4%6313782 Topdressing- 1,500.00 (1,500.00) 4,849.65 10,000.00 (5,150.35) 10,000.00 5,150.35 51.5%Total-CM-SUPPLIES & MATERIALS22,434.28 25,968.00 (3,533.72) 323,969.82 380,458.00 (56,488.18) 380,458.00 56,488.18 14.8%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint2,100.00 3,850.00 (1,750.00) 26,725.00 46,200.00 (19,475.00) 46,200.00 19,475.00 42.2%6315685 CM-R&M-Bldngs & Othr Structures 304.26 250.00 54.26 7,224.30 5,550.00 1,674.30 5,550.00 (1,674.30) -30.2%6315690 CM-R&M-Equipment3,803.08 2,500.00 1,303.08 56,517.78 38,500.00 18,017.78 38,500.00 (18,017.78) -46.8%6315692 CM-R&M-Irrigation System361.32 1,000.00 (638.68) 22,633.70 19,050.00 3,583.70 19,050.00 (3,583.70) -18.8%6315696 CM-R&M-Pumps- - - 10,551.61 10,500.00 51.61 10,500.00 (51.61) -0.5%6315815 CM-R&M-Trees-Pruning Etc- - - 10,240.00 12,050.00 (1,810.00) 12,050.00 1,810.00 15.0%Total-CM-REPAIRS & MAINTENANCE6,568.66 7,600.00 (1,031.34) 133,892.39 131,850.00 2,042.39 131,850.00 (2,042.39) -1.5%6317836 Utilities-Natural Gas/LPG 20.34 15.00 5.34 261.96 180.00 81.96 180.00 (81.96) 0.0%6317840 Telephones858.19 850.00 8.19 9,594.40 10,200.00 (605.60) 10,200.00 605.60 5.9%Total-CM-UTILITIES878.53 865.00 13.53 9,856.36 10,380.00 (523.64) 10,380.00 523.64 5.0%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0%6319100 Contract Svcs-Soil/Tissue Test- - - 691.38 2,000.00 (1,308.62) 2,000.00 1,308.62 65.4%6319102 Contract Svcs-Trash Removal903.28 524.00 379.28 2,047.50 6,288.00 (4,240.50) 6,288.00 4,240.50 67.4%6319150 Dues & Subscriptions210.00 100.00 110.00 1,640.00 680.00 960.00 680.00 (960.00) -141.2%6319170 Employee Education- 50.00 (50.00) - 3,900.00 (3,900.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 100.00 (100.00) - 3,400.00 (3,400.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits2,500.00 - 2,500.00 9,694.05 4,300.00 5,394.05 4,300.00 (5,394.05) -125.4%6319490 Miscellaneous- 100.00 (100.00) 282.29 1,200.00 (917.71) 1,200.00 917.71 76.5%6319718 Safety Equipment & Training261.49 100.00 161.49 4,249.34 3,850.00 399.34 3,850.00 (399.34) -10.4%6319822 Uniforms1,065.93 920.00 145.93 11,595.43 11,040.00 555.43 11,040.00 (555.43) -5.0%Total-CM-OTHER EXPENSES5,340.70 2,294.00 3,046.70 34,999.99 41,458.00 (6,458.01) 41,458.00 6,458.01 15.6%SilverRock ResortCourse Maintenance Expense StatementAnnual BudgetJune 2019Month to DateYear to Date4 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 4,282.44 2,784.00 1,498.44 39,948.83 33,408.00 6,540.83 33,408.00 (6,540.83) -19.6%6321325 Insurance-Workers Comp742.80 484.00 258.80 7,648.80 5,955.00 1,693.80 5,955.00 (1,693.80) -28.4%6321800 Taxes-Employer Payroll1,273.10 1,678.00 (404.90) 11,835.28 20,793.00 (8,957.72) 20,793.00 8,957.72 43.1%6321880 Wages-Hourly11,856.00 12,904.00 (1,048.00) 150,733.14 156,528.00 (5,794.86) 156,528.00 5,794.86 3.7%6321882 Wages-Overtime714.00 - 714.00 7,344.45 3,418.00 3,926.45 3,418.00 (3,926.45) -114.9%Total-CM-LM-SALARIES & BENEFITS18,868.34 17,850.00 1,018.34 217,510.50 220,102.00 (2,591.50) 220,102.00 2,591.50 1.2%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) 414.75 1,025.00 (610.25) 1,025.00 610.25 59.5%6323788 Uniforms- 290.00 (290.00) 4,351.51 3,480.00 871.51 3,480.00 (871.51) -25.0%Total-CM-LM-SUPPLIES & MATERIALS- 365.00 (365.00) 4,766.26 4,505.00 261.26 4,505.00 (261.26) -5.8%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation 2,186.09 500.00 1,686.09 4,927.14 4,250.00 677.14 4,250.00 (677.14) -15.9%Total-CM-LM-REPAIRS & MAINTENANCE2,186.09 500.00 1,686.09 4,927.14 4,250.00 677.14 4,250.00 (677.14) -15.9%136,801.87 135,474.00 1,327.87 1,707,286.84 1,740,490.00 (33,203.16) 1,740,490.00 33,203.16 1.9% June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 16,113.63 12,439.00 3,674.63 125,933.78 105,647.00 20,286.78 179,791.00 53,857.22 30.0%6337842 Utilities-Water8,866.98 18,530.00 (9,663.02) 86,429.48 144,191.00 (57,761.52) 70,047.00 (16,382.48) -23.4%24,980.61 30,969.00 (5,988.39) 212,363.26 249,838.00 (37,474.74) 249,838.00 37,474.74 15.0%Silverrock ResortCourse Maintenance Water & EnergyJune 2019Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementJune 2019Silverrock ResortAnnual BudgetMonth to DateYear to Date5 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group358.29 696.00 (337.71) 5,633.96 8,352.00 (2,718.04) 8,352.00 2,718.04 32.5%6411325 Insurance-Workers Comp1,782.72 459.00 1,323.72 10,730.80 6,172.46 4,558.34 6,172.00 (4,558.80) -73.9%6411800 Taxes-Employer Payroll1,148.93 1,523.88 (374.95) 21,043.24 20,492.52 550.72 20,493.00 (550.24) -2.7%6411880 Wages-Hourly13,052.51 12,240.00 812.51 173,405.07 164,598.50 8,806.57 164,599.00 (8,806.07) -5.4%6411882 Wages-Overtime171.38 - 171.38 5,886.14 - 5,886.14 - (5,886.14) 0.0%Total-CBR-SALARIES & BENEFITS16,513.8314,918.881,594.95 216,699.21199,615.4817,083.73 199,616.00 (17,083.21) -8.6%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- 50.00 (50.00) 696.30 1,850.00 (1,153.70) 1,850.00 `0.0%6413742 Supplies-Expendable- 500.00 (500.00) 340.39 6,750.00 (6,409.61) 6,750.00 6,409.61 95.0%6413748 Supplies-Fuel for Shuttle- 100.00 (100.00) 309.70 3,000.00 (2,690.30) 3,000.00 2,690.30 89.7%6413752 Supplies-Range Balls- - - 10,568.25 9,000.00 1,568.25 9,000.00 (1,568.25) -17.4%6413762 Supplies-Office- 50.00 (50.00) 14.67 525.00 (510.33) 525.00 510.33 97.2%6413768 Supplies-Printing and Stationary- 70.00 (70.00) 61.55 420.00 (358.45) 420.00 358.45 85.3%6413786 Supplies-Towels400.00 72.00 328.00 7,218.74 2,182.00 5,036.74 2,182.00 (5,036.74) -230.8%6413796 Supplies-Bottled Water944.58 200.00 744.58 21,700.58 12,900.00 8,800.58 12,900.00 (8,800.58) -68.2%Total-CBR-SUPPLIES & MATERIALS1,344.58 1,042.00 302.58 40,910.18 36,627.00 4,283.18 36,627.00 (5,436.88) -14.8%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment1,536.65 300.00 1,236.65 4,306.35 3,600.00 706.35 3,600.00 (706.35) -19.6%6415695 CBR-R&M-Cart Maintenance & Repair 1,503.00 500.00 1,003.00 26,867.49 6,450.00 20,417.49 6,450.00 (20,417.49) -316.6%Total-CBR-REPAIRS & MAINTENANCE3,039.65 800.00 2,239.65 31,173.84 10,050.00 21,123.84 10,050.00 (21,123.84) -210.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,184.01 800.00 384.01 13,985.13 9,600.00 4,385.13 9,600.00 (4,385.13) -45.7%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous198.86 600.00 (401.14) 4,555.25 7,200.00 (2,644.75) 7,200.00 2,644.75 36.7%6419820 Uniforms335.02 200.00 135.02 3,432.38 5,200.00 (1,767.62) 5,200.00 1,767.62 34.0%Total-CBR-OTHER EXPENSES1,717.89 1,600.00 117.89 21,972.76 22,450.00 (477.24) 22,450.00 477.24 2.1%TOTAL-CARTS,BAGROOM & RANGE 22,615.9518,360.88117.89 310,755.99268,742.4842,013.51 268,743.00 (43,166.69) -16.1%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp742.80 114.75 628.05 6,010.29 2,629.98 3,380.31 2,630.00 (3,380.29) -128.5%6431800 Taxes-Employer Payroll717.89 397.80 320.09 8,145.29 9,117.23 (971.94) 9,117.00 971.71 10.7%6431880 Wages-Hourly3,732.00 3,060.00 672.00 63,191.75 70,132.50 (6,940.75) 70,133.00 6,941.25 9.9%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS5,192.69 3,572.55 1,620.14 77,347.33 81,879.71 (4,532.38) 81,880.00 4,532.67 5.5%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 75.00 (75.00) 427.45 1,050.00 (622.55) 1,050.00 622.55 59.3%6439490 Miscellaneous- - - 155.70 200.00 (44.30) 200.00 44.30 22.2%6439718 Safety Equipment & Training- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) 1,050.60 2,125.00 (1,074.40) 2,125.00 1,074.40 50.6%Total-CS-OTHER EXPENSES- 200.00 (200.00) 1,633.75 3,975.00 (2,341.25) 3,975.00 2,341.25 58.9%Total-COURSE SERVICES5,192.69 3,772.55 1,420.14 78,981.08 85,854.71 (6,873.63) 85,855.00 6,873.92 8.0%27,808.6422,133.435,675.21 389,737.07354,597.1935,139.88 354,598.00 (38,634.02) -10.9%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetJune 20196 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0%65-CH-UTILITIES6507836 Utilities-Natural Gas518.24 300.00 218.24 6,060.01 3,600.00 2,460.01 3,600.00 (2,460.01) -68.3%6507840 Utilities-Telephone2,416.02 1,150.00 1,266.02 14,450.43 13,800.00 650.43 13,800.00 (650.43) -4.7%6507842 Utilities-Water- 321.00 (321.00) 8,743.91 3,852.00 4,891.91 3,852.00 (4,891.91) -127.0%6507844 Utilities-Cable509.62 380.00 129.62 5,999.70 4,560.00 1,439.70 4,560.00 (1,439.70) -31.6%Total-CH-UTILITIES3,443.88 2,151.00 1,292.88 35,254.05 25,812.00 9,442.05 25,812.00 (9,442.05) -36.6%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning480.00 1,825.00 (1,345.00) 5,974.00 22,500.00 (16,526.00) 22,500.00 16,526.00 73.4%6509099 Contract Services-Security5,417.04 5,000.00 417.04 63,197.77 60,000.00 3,197.77 60,000.00 (3,197.77) -5.3%6509215 Flowers & Decorations- 400.00 (400.00) - 1,900.00 (1,900.00) 1,900.00 1,900.00 100.0%6509490 Miscellaneous- 200.00 (200.00) 3,705.14 7,000.00 (3,294.86) 7,000.00 3,294.86 47.1%6509718 Safety Equipment & Training- 100.00 (100.00) 418.69 1,200.00 (781.31) 1,200.00 781.31 65.1%Total-CH-OTHER EXPENSES5,897.04 7,525.00 (1,627.96)73,295.60 92,600.00 (19,304.40)92,600.00 19,304.40 20.8%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures83.50 300.00 (216.50) 10,550.90 3,600.00 6,950.90 3,600.00 (6,950.90) -193.1%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 4,966.22 4,800.00 166.22 4,800.00 (166.22) -3.5%6515690 CH-R&M-Equipment Repair225.00 400.00 (175.00) 3,111.72 4,800.00 (1,688.28) 4,800.00 1,688.28 35.2%Total-CH-REPAIRS & MAINTENANCE308.50 1,100.00 (791.50) 18,628.84 13,200.00 5,428.84 13,200.00 (5,428.84) -41.1%10,049.42 11,176.00(1,126.58)131,978.49136,412.00(4,433.51) 136,412.00 (10,857.68) -8.0%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetJune 20197 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 4,442.66 4,176.00 266.66 4,176.00 (266.66) -6.4%6601325 Insurance-Workers Comp118.70 94.00 24.70 1,185.53 1,128.00 57.53 1,129.00 (56.53) -5.0%6601720 Salaries2,299.20 2,508.00 (208.80) 26,343.60 30,096.00 (3,752.40) 30,096.00 3,752.40 12.5%6601800 Taxes-Employer Payroll181.20 326.00 (144.80) 2,031.60 3,912.00 (1,880.40) 3,912.00 1,880.40 48.1%Total-MKT-SALARIES & BENEFITS2,998.01 3,276.00 (277.99) 34,003.39 39,312.00 (5,308.61) 39,313.00 5,309.61 13.5%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 134.74 100.00 34.74 1,158.09 1,200.00 (41.91) 1,200.00 41.91 3.5%6603768 Supplies-Printing & Stationery- 125.00 (125.00) 8,271.79 4,425.00 3,846.79 4,425.00 (3,846.79) -86.9%134.74 225.00 (90.26) 9,429.88 5,625.00 3,804.88 5,625.00 (3,804.88) -67.6%66-MKT-UTILITIES6607840 Utilities-Telephone 281.45 100.00 181.45 3,190.35 1,200.00 1,990.35 1,200.00 (1,990.35) -165.9%Total-MKT-UTILITIES281.45 100.00 181.45 3,190.35 1,200.00 1,990.35 1,200.00 (1,990.35) -165.9%66-MKT-OTHER EXPENSES6609010 Advertising 9,453.23 5,377.00 4,076.23 157,557.77 169,987.00 (12,429.23) 169,987.00 12,429.23 7.3%6609040 Business Meals- 25.00 (25.00) - 300.00 (300.00) 300.00 300.00 100.0%6609080 Collateral Material- 1,000.00 (1,000.00) 9,036.42 5,500.00 3,536.42 5,500.00 (3,536.42) -64.3%6609102 Contract Services-Web Page- 150.00 (150.00) 792.00 1,800.00 (1,008.00) 1,800.00 1,008.00 56.0%6609490 Miscellaneous- - - - 350.00 (350.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) 863.11 700.00 163.11 700.00 (163.11) -23.3%6609633 Promotion-Community- 75.00 (75.00) 913.85 2,250.00 (1,336.15) 2,250.00 1,336.15 59.4%6609634 Promotion-Media/Vendor- - - - 1,000.00 (1,000.00) 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- - - - 735.00 (735.00) 735.00 735.00 100.0%6609820 Uniforms- - - 299.07 600.00 (300.93) 600.00 300.93 50.2%Total-MKT-OTHER EXPENSES9,453.23 6,727.00 2,726.23 169,462.22 183,822.00 (14,359.78) 183,822.00 14,359.78 7.8%12,867.43 10,328.00 2,539.43 216,085.84 229,959.00 (13,873.16) 229,960.00 13,874.16 6.0%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetJune 20198 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group3,478.83 1,509.00 1,969.83 30,414.56 18,108.00 12,306.56 18,108.00 (12,306.56) -68.0%6701325 Insurance-Workers Comp445.68 677.00 (231.32) 6,111.94 7,900.00 (1,788.06) 7,905.00 1,793.06 22.7%6701720 Salaries13,931.58 13,851.00 80.58 153,138.59 165,644.00 (12,505.41) 177,996.00 24,857.41 14.0%6701800 Taxes-Employer Payroll1,235.81 2,349.00 (1,113.19) 16,435.96 27,408.00 (10,972.04) 32,800.00 16,364.04 49.9%6701880 Wages-Hourly2,317.75 4,211.00 (1,893.25) 38,401.88 45,149.00 (6,747.12) 27,404.00 (10,997.88) -40.1%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS21,409.65 22,597.00 (1,187.35) 244,502.93 264,209.00 (19,706.07) 264,213.00 19,710.07 7.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer190.01 800.00 (609.99) 3,460.83 6,300.00 (2,839.17) 6,300.00 2,839.17 45.1%6703762 Supplies-Office- 105.00 (105.00) 651.60 1,260.00 (608.40) 1,260.00 608.40 48.3%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 2,392.35 3,300.00 (907.65) 3,300.00 907.65 27.5%Total-G&A-SUPPLIES & MATERIALS190.01 1,305.00 (1,114.99) 6,504.78 10,860.00 (4,355.22) 10,860.00 4,355.22 40.1%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 683.14 1,900.00 (1,216.86) 1,900.00 1,216.86 64.0%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 683.14 1,900.00 (1,216.86) 1,900.00 1,216.86 64.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 0.0%6709150 Dues & Subscriptions240.00 50.00 190.00 570.00 1,150.00 (580.00) 1,150.00 580.00 50.4%6709180 Employee Recruiting/Relocation90.00 - 90.00 1,378.01 1,200.00 178.01 1,200.00 (178.01) -14.8%6709197 Equipment Rental735.87 550.00 185.87 6,806.90 6,600.00 206.90 6,600.00 (206.90) -3.1%6709202 Fees-Bank92.05 90.00 2.05 1,137.81 1,080.00 57.81 1,080.00 (57.81) -5.4%6709208 Fees-Payroll Processing368.15 1,000.00 (631.85) 7,388.10 12,000.00 (4,611.90) 12,000.00 4,611.90 38.4%6709220 Freight/Delivery- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6709490 Miscellaneous2.67 100.00 (97.33) 3,854.09 6,600.00 (2,745.91) 6,600.00 2,745.91 41.6%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services192.96 75.00 117.96 1,419.61 900.00 519.61 900.00 (519.61) -57.7%6709625 Professional Fees786.00 850.00 (64.00) 13,114.86 10,200.00 2,914.86 10,200.00 (2,914.86) -28.6%6709636 Promotion/Entertainment- 100.00 (100.00) 129.41 1,200.00 (1,070.59) 1,200.00 1,070.59 89.2%6709722 Seminars & Training- 200.00 (200.00) 1,061.00 2,400.00 (1,339.00) 2,400.00 1,339.00 55.8%6709810 Travel- 200.00 (200.00) - 1,100.00 (1,100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms211.01 75.00 136.01 1,168.28 1,050.00 118.28 1,050.00 (118.28) -11.3%Total-G&A-OTHER EXPENSES3,218.71 3,840.00 (621.29) 44,028.07 52,080.00 (8,051.93) 52,080.00 8,051.93 15.5%24,818.37 27,842.00 (3,023.63) 295,718.92 329,049.00 (33,330.08) 329,053.00 33,334.08 10.1%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetJune 20199 June 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,829.27 10,050.00 (220.73) 117,951.25 121,050.00 (3,098.75) 121,050.00 3,098.75 2.6%6800193 Equipment Leases-Maintenance 9,181.20 9,500.00 (318.80) 110,174.40 114,000.00 (3,825.60) 114,000.00 3,825.60 3.4%6800194 Equipment Leases-Trailer635.60 600.00 35.60 7,916.96 7,200.00 716.96 7,200.00 (716.96) -10.0%6800196 Equipment Leases-GPS3,870.00 3,900.00 (30.00) 45,510.00 46,800.00 (1,290.00) 46,800.00 1,290.00 2.8%6800197 Equipment Leases-Others2,087.63 1,950.00 137.63 24,903.88 20,200.00 4,703.88 20,200.00 (4,703.88) 0.0%25,603.70 26,000.00(396.30) 306,456.49309,250.00 (2,793.51) 309,250.00 2,793.51 0.9%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,500.00 9,500.00 - 114,000.00 114,000.00 - 114,000.00 - 0.0%6900210 FF&E Reserve2,504.12 3,099.25 (595.13) 64,738.48 68,026.07 (3,287.59) 68,026.00 3,287.52 4.8%6900800 Personal Property Taxes- - - 14,738.21 11,800.00 2,938.21 11,800.00 (2,938.21) -24.9%6900323 Insurance-Commercial4,426.85 4,000.00 426.85 50,666.72 48,000.00 2,666.72 48,000.00 (2,666.72) -5.6%16,430.97 16,599.25(168.28) 244,143.41241,826.07 2,317.34 241,826.00 (2,317.41) -1.0%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to Date Year to DateJune 201910 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2018-20192018 2018 2018 2018 2018 2018Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia2 4SalesPromotion4Golf IndustryVIPCelebrityPGA Comp18 208818Charity/Gift Certificate6244912Rain/Wind Checks223Club Staff13 37 42 14 39 58LQ HS Golf23121839 64 72 18 58 1132019 2019 2019 2019 2019 2019Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia8 2SalesPromotion2Golf IndustryVIPCelebrity2PGA Comp815 14 16 174Charity/Gift Certificate10914817Rain/Wind Checks28319Club Staff30 28 24 52 40 13LQ HS Golf16 42 72 39 12568 104 155 132 88 2212