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12 June 2009 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2008 – June 2009 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Golf Shop Income Statement 3 Course Maintenance Expense Statement 4 Outside Service Expense Statement 6 Clubhouse Expense Statement 7 Marketing Expense Statement 8 General & Administrative Expense Statement 9 Operating Leases & Miscellaneous Expense Statement 10 Complimentary Report 11 Annual BudgetAccount Description June Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue 159,919.28 150,508.00 9,411.28 6.3% 2,964,462.50 3,255,761.00 (291,298.50) 3,255,761.00 291,298.50 91%401000 Miscellaneous Golf Revenue 3,417.00 3,630.00 (213.00) -5.9% 122,061.03 113,217.00 8,844.03 113,217.00 (8,844.03) 108%410000 Revenue-Golf Shop 11,603.75 15,400.00 (3,796.25) -24.7% 282,270.76 375,951.00 (93,680.24) 375,951.00 93,680.24 75%420000 Revenue-F&B Concession 500.00 500.00 - 0.0% 12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income 6.35 - 6.35 0.0% 85.08 - 85.08 - (85.08) 0%Total Income175,446.38 170,038.00 5,408.38 3.2% 3,380,879.37 3,756,929.00 (376,049.63) 3,756,929.00 376,049.63 90%Cost of Goods Sold510000 COS-Golf Shop 6,744.28 8,174.00 (1,429.72) 17.5% 161,443.16 199,538.00 38,094.84 199,538.00 38,094.84 81%Total COS6,744.28 8,174.00 (1,429.72) 17.5% 161,443.16 199,538.00 38,094.84 199,538.00 38,094.84 81%Gross Profit168,702.10 161,864.00 6,838.10 4.2% 3,219,436.21 3,557,391.00 (337,954.79) 3,557,391.00 337,954.79 90%Expenses610000 Golf Pro Shop 19,112.22 22,727.00 3,614.78 15.9% 221,050.77 279,518.00 58,467.23 279,518.00 58,467.23 79%630000 Course Maintenance 119,112.07 125,444.00 6,331.93 5.0% 1,611,069.24 1,699,984.00 88,914.76 1,699,984.00 88,914.76 95%633000 Maintenance Water & Energy 10,688.70 8,814.00 (1,874.70) -21.3% 88,426.68 105,871.00 17,444.32 105,871.00 17,444.32 84%640000 Outside Services 18,323.07 23,118.00 4,794.93 20.7% 282,803.21 294,027.00 11,223.79 294,037.00 11,233.79 96%650000 Clubhouse 17,323.56 13,842.00 (3,481.56) -25.2% 169,889.39 168,104.00 (1,785.39) 168,104.00 (1,785.39) 101%660000 Marketing 24,692.99 14,703.00 (9,989.99) -67.9% 291,386.98 298,081.00 6,694.02 298,081.00 6,694.02 98%670000 General & Administrative25,981.31 27,182.00 1,200.69 4.4% 289,363.13 333,834.00 44,470.87 333,834.00 44,470.87 87%680000 Leases 39,641.35 41,106.00 1,464.65 3.6% 481,485.06 493,272.00 11,786.94 493,272.00 11,786.94 98%690000 Miscellaneous Other Expense 28,339.89 28,660.00 320.11 1.1% 204,343.45 227,141.00 22,797.55 227,140.00 22,796.55 90%Total Expenses303,215.16 305,596.00 2,380.84 0.8% 3,639,817.91 3,899,832.00 260,014.09 3,899,841.00 260,023.09 93%Net Income (134,513.06) (143,732.00) 9,218.94 6.4%(420,381.70) (342,441.00) (77,940.70) (342,450.00) 77,931.70 123%Rounds of Golf PlayedPaid Rounds Played 2,824 2,053 771 37.6% 40,941 41,150 (209) 40,580 (361) 101%Ave $ Per Paid Round Green Fee 56.63 73.31 (16.68) -22.8% 72.41 79.12 (6.71) 77.90 5.49 93%Ave $ Per Paid Round Merchandise 4.11 7.50 (3.39) -45.2% 6.89 9.14 (2.24) 8.07 1.18 85%Ave $ Per Paid Miscellaneous 1.21 1.77 (0.56) -31.6% 2.98 2.75 0.23 2.06 - 0%Month to Date Year to DateJune 2009SilverRock ResortSummary Operating Income Statement1 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 159,919.28 150,508.00 9,411.28 2,964,462.50 3,255,761.00 (291,298.50) 3,255,761.00291,298.5091%4010000 Rider Fee 425.00 220.00 205.00 7,825.00 5,984.00 1,841.00 5,984.00-1,841.00131%4040000 Club Rental 465.00 1,210.00 (745.00) 19,595.00 27,583.00 (7,988.00) 27,583.007,988.0071%4050000 Driving Range 2,294.00 2,200.00 94.00 66,582.00 46,650.00 19,932.00 46,650.00-19,932.00143%4060000 Handicap Fees 45.00 - 45.00 7,855.00 8,000.00 (145.00) 8,000.00 145.0098%4080000 GPS Advertising - - - 5,075.00 12,000.00 (6,925.00) 12,000.00 6,925.0042%4090000 Ball Retriever/Subcontract - - - 2,774.70 4,000.00 (1,225.30) 4,000.00 1,225.3069%4091000 Golf Professional Rental Fee - - - 10,340.00 9,000.00 1,340.00 9,000.00 -1,340.00 115%4092000 Golf Lessons 188.00 - 188.00 2,014.33 - 2,014.33 - (2,014.33) 0% Total Revenue Fees 163,336.28 154,138.00 9,198.28 3,086,523.53 3,368,978.00 (282,454.47) 3,368,978.00 282,454.47 92%Total Income 163,336.28 154,138.00 9,198.28 3,086,523.53 3,368,978.00 (282,454.47) 3,368,978.00 282,454.47 92%Month to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueJune 20092 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 296.56 - 296.56 7,029.91 - 7,029.91 4100110 Sales Hard Goods 5,104.95 5,390.00 (285.05) 117,006.44 131,583.00 (14,576.56) 131,583.00 14,576.56 89%4100112 Sales-Soft Goods 7,821.21 10,010.00 (2,188.79) 202,650.37 244,368.00 (41,717.63) 244,368.00 41,717.63 83%5100639 GS-Discounts-Mdse (1,618.97) - (1,618.97) (44,415.96) - (44,415.96) - 44,415.96 0% Total Revenue Golf Shop 11,603.75 15,400.00 (3,796.25) 282,270.76 375,951.00 (93,680.24) 375,951.00 100,710.15 73%COS 5100150 COS-GS-Hard Goods 3,506.59 2,965.00 541.59 64,642.98 72,373.00 (7,730.02) 72,373.00 7,730.02 89%5100151 COS-GS-Soft Goods 3,183.17 5,506.00 (2,322.83) 93,613.82 134,404.00 (40,790.18) 134,404.00 40,790.18 70%5100152 COS-GS-Purchase Disc - (424.00) 424.00 (262.14) (10,341.00) 10,078.86 (10,341.00) (10,078.86) -3%5100220 COS-GS-Freight Merch 54.52 127.00 (72.48) 3,448.50 3,102.00 346.50 3,102.00 (346.50) 111%Cost of Sales - Golf Shop 6,744.28 8,174.00 (1,429.72) 161,443.16 199,538.00 (38,094.84) 199,538.00 38,094.84 81%Gross Profit 4,859.47 7,226.00 (2,366.53) 120,827.60 176,413.00 (55,585.40) 176,413.00 62,615.31 65%COS % 58.1% 53.1% -5.0% 57.2% 53.1% -4.1% 53.1% 37.8% 29%Expense61-PS-SALARIES & BENEFITS6101175 Employee Meals 420.00 420.00 - 5,400.00 5,400.00 - 5,400.00 - 100%6101320 Insurance Group 2,651.08 3,150.00 (498.92) 32,412.28 36,450.00 (4,037.72) 36,450.00 4,037.72 89%6101325 Insurance-Workers Comp 276.82 1,236.00 (959.18) 4,652.17 14,771.00 (10,118.83) 14,771.00 10,118.83 31%6101720 Salaries 7,295.46 6,082.00 1,213.46 73,281.45 71,459.00 1,822.45 71,459.00 (1,822.45) 103%6101800 Taxes-Employer Payroll 1,123.24 1,877.00 (753.76) 13,132.50 22,431.00 (9,298.50) 22,431.00 9,298.50 59%6101880 Wages-Hourly 6,419.90 8,992.00 (2,572.10) 69,902.14 108,712.00 (38,809.86) 108,712.00 38,809.86 64%6101882 Wages-Overtime 125.63 - 125.63 2,063.61 - 2,063.61 - 952.88 0%Total -PS-SALARIES & BENEFITS 18,312.13 21,757.00 (3,444.87) 200,844.15 259,223.00 (58,378.85) 259,223.00 61,395.34 76%61-PS OTHER EXPENSES6103762 Supplies-Office - 100.00 (100.00) 4,219.25 2,950.00 1,269.25 2,950.00 (1,269.25) 143%6109090 Contract Services 500.00 500.00 - 6,110.00 6,000.00 110.00 6,000.00 (110.00) 102%6109220 Freight & Delivery 78.14 - 78.14 930.75 75.00 855.75 75.00 (855.75) 1241%6109490 Miscellaneous - 50.00 (50.00) 384.68 450.00 (65.32) 450.00 65.32 85%6109150 Dues and Subscriptions - - - 2,164.23 2,000.00 164.23 2,000.00 (164.23) 108%6109500 ProShop-Over/Short 10.91 - 10.91 121.88 - 121.88 (121.88) 0%6109722 Seminars/Training - 35.00 (35.00) 2,390.00 5,490.00 (3,100.00) 5,490.00 3,100.00 44%6109810 Travel - Merchandise - 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 0%6109820 Uniforms 58.79 200.00 (141.21) 1,941.59 2,400.00 (458.41) 2,400.00 458.41 81%6117840 Telephones 148.26 70.00 78.26 1,940.25 840.00 1,100.25 840.00 (1,100.25) 0%Total PS-OTHER EXPENSES 800.09 970.00 (169.91) 20,206.62 20,295.00 (88.38) 20,295.00 88.38 100%Total Expenses19,112.22 22,727.00 (3,614.78) 221,050.77 279,518.00 (58,467.23) 279,518.00 61,483.72 78%Net Income(14,252.75) (15,501.00) 1,248.25 (100,223.17) (103,105.00) 2,881.83 (103,105.00) 1,131.59 -101%Month to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementJune 20093 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311175 Employee Meals 240.00 240.00 - 2,880.00 2,880.00 - 2,880.00 - 0.0%6311320 Insurance-Group 4,740.55 12,083.00 (7,342.45) 126,396.62 144,996.00 (18,599.38) 144,996.00 18,599.38 12.8%6311325 Insurance-Workers Comp 1,149.78 5,002.00 (3,852.22) 21,960.16 59,020.00 (37,059.84) 59,020.00 37,059.84 62.8%6311720 Salaries 13,935.36 12,333.00 1,602.36 140,630.40 147,978.00 (7,347.60) 147,978.00 7,347.60 5.0%6311800 Taxes-Employer Payroll 3,958.11 7,716.00 (3,757.89) 64,040.85 90,311.00 (26,270.15) 90,311.00 26,270.15 29.1%6311880 Wages-Hourly 43,196.85 46,716.00 (3,519.15) 532,497.20 560,520.00 (28,022.80) 560,520.00 28,022.80 5.0%6311882 Wages-Overtime 356.51 2,928.00 (2,571.49) 23,620.63 16,894.00 6,726.63 16,894.00 (6,726.63) -39.8%Total-CM-SALARIES & BENEFITS67,577.16 87,018.00 (19,440.84) 912,025.86 1,022,599.00 (110,573.14) 1,022,599.00 110,573.14 10.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 740.73 2,000.00 (1,259.27) 41,166.46 25,200.00 15,966.46 25,200.00 (15,966.46) -63.4%6313744 Fertilizer 9,047.98 5,000.00 4,047.98 105,073.16 95,200.00 9,873.16 95,200.00 (9,873.16) -10.4%6313746 Flowers/Plants - - - 1,800.52 3,500.00 (1,699.48) 3,500.00 1,699.48 48.6%6313748 Fuel-Gasoline 3,357.30 2,860.00 497.30 42,619.58 45,540.00 (2,920.42) 45,540.00 2,920.42 6.4%6313750 Golf Course Accessories 143.55 100.00 43.55 9,868.70 7,000.00 2,868.70 7,000.00 (2,868.70) -41.0%6313756 POA Control 199.07 - 199.07 7,559.91 6,000.00 1,559.91 6,000.00 (1,559.91) -26.0%6313758 Miscellaneous Supp 812.13 100.00 712.13 6,702.42 1,200.00 5,502.42 - (6,702.42) 0.0%6313762 Supplies-Office 53.81 - 53.81 795.14 - 795.14 1,200.00 404.86 33.7%6313774 Sand - 100.00 (100.00) 6,036.72 6,660.00 (623.28) 6,660.00 623.28 9.4%6313775 Sand-Bunkers - - - 3,702.67 5,000.00 (1,297.33) 5,000.00 1,297.33 25.9%6313776 Seed - 350.00 (350.00) 109,819.49 101,810.00 8,009.49 101,810.00 (8,009.49) -7.9%6313778 Small Tools & Non-Capital Equip 1,105.77 100.00 1,005.77 6,554.50 7,000.00 (445.50) 7,000.00 445.50 6.4%6313780 Sod 1,011.38 1,000.00 11.38 6,171.23 5,750.00 421.23 5,750.00 (421.23) -7.3%6313782 Topdressing 1,336.70 1,300.00 36.70 7,710.18 7,600.00 110.18 7,600.00 (110.18) -1.4%Total-CM-SUPPLIES & MATERIALS17,808.42 12,910.00 4,898.42 355,580.68 317,460.00 38,120.68 317,460.00 (38,120.68) -12.0%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,322.87 1,500.00 822.87 20,455.32 16,000.00 4,455.32 16,000.00 (4,455.32) -27.8%6315685 CM-R&M-Bldngs & Othr Structures 121.00 - 121.00 1,580.50 500.00 1,080.50 500.00 (1,080.50) -216.1%6315690 CM-R&M-Equipment 6,215.75 1,400.00 4,815.75 52,506.69 46,100.00 6,406.69 46,100.00 (6,406.69) -13.9%6315692 CM-R&M-Irrigation System 1,267.49 1,000.00 267.49 16,250.37 15,450.00 800.37 15,450.00 (800.37) -5.2%6315696 CM-R&M-Pumps 1,041.90 - 1,041.90 7,904.34 10,500.00 (2,595.66) 10,500.00 2,595.66 24.7%6315815 CM-R&M-Trees-Pruning Etc 2,410.00 - 2,410.00 9,264.64 9,000.00 264.64 9,000.00 (264.64) -2.9%Total-CM-REPAIRS & MAINTENANCE 13,379.01 3,900.00 9,479.01 107,961.86 97,550.00 10,411.86 97,550.00 (10,411.86) -10.7%63-CM-UTILTIES6317830 Utilities-Electricity-Bldngs 5.38 - 5.38 64.56 - 64.56 - (64.56) 0.0%6317836 Utilities-Natural Gas/LPG - 150.00 (150.00) - 1,800.00 (1,800.00) 1,800.00 1,800.00 0.0%6317840 Telephones 969.16 800.00 169.16 10,644.46 9,600.00 1,044.46 9,600.00 (1,044.46) -10.9%Total-CM-UTILITIES 974.54 950.00 24.54 10,709.02 11,400.00 (690.98) 11,400.00 690.98 6.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 0.0%6319099 Contract Svcs-Security Bldgs 210.00 - 210.00 210.00 - 210.00 - (210.00) 0.0%6319100 Contract Svcs-Soil/Tissue Test - - - 3,500.00 4,000.00 (500.00) 4,000.00 500.00 12.5%6319101 Contract Svcs-Trash Removal 487.83 - 487.83 6,021.38 - 6,021.38 - (6,021.38) 0.0%6319150 Dues & Subscriptions - 100.00 (100.00) 860.00 900.00 (40.00) 900.00 40.00 4.4%6319170 Employee Education - 50.00 (50.00) 560.00 600.00 (40.00) 600.00 40.00 6.7%6319197 Equipment Rental - 100.00 (100.00) 2,946.41 4,200.00 (1,253.59) 4,200.00 1,253.59 29.8%6319206 Licenses & Permits - - - 2,210.00 1,600.00 610.00 1,600.00 (610.00) -38.1%6319490 Miscellaneous - 100.00 (100.00) 1,178.33 1,200.00 (21.67) 1,200.00 21.67 1.8%6319718 Safety Equipment & Training - 100.00 (100.00) 3,090.84 3,400.00 (309.16) 3,400.00 309.16 9.1%6319822 Uniforms 1,507.61 820.00 687.61 9,528.42 9,840.00 (311.58) 9,840.00 311.58 3.2%Total-CM-OTHER EXPENSES 2,705.44 1,770.00 935.44 36,105.38 31,740.00 4,365.38 31,740.00 (4,365.38) -13.8%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJune 2009Annual Budget4 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,599.77 1,104.00 495.77 15,510.24 13,248.00 2,262.24 13,248.00 (2,262.24) -17.1%6321325 Insurance-Workers Comp 254.17 1,127.00 (872.83) 4,443.93 13,257.00 (8,813.07) 13,257.00 8,813.07 66.5%6321800 Taxes-Employer Payroll 954.49 1,749.00 (794.51) 13,562.37 20,368.00 (6,805.63) 20,368.00 6,805.63 33.4%6321880 Wages-Hourly 12,697.57 13,141.00 (443.43) 143,720.56 157,692.00 (13,971.44) 157,692.00 13,971.44 8.9%6321882 Wages-Overtime 10.69 910.00 (899.31) 5,114.06 5,915.00 (800.94) 5,915.00 800.94 13.5%Total-CM-LM-SALARIES & BENEFITS15,516.69 18,031.00 (2,514.31) 182,351.16 210,480.00 (28,128.84) 210,480.00 28,128.84 13.4%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 367.79 1,025.00 (657.21) 1,025.00 657.21 64.1%6323788 Uniforms 355.11 290.00 65.11 3,345.09 3,480.00 (134.91) 3,480.00 134.91 3.9%Total-CM-LM-SUPPLIES & MATERIALS355.11 365.00 (9.89) 3,712.88 4,505.00 (792.12) 4,505.00 792.12 17.6%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation 795.70 500.00 295.70 2,622.40 4,250.00 (1,627.60) 4,250.00 1,627.60 38.3%Total-CM-LM-REPAIRS & MAINTENANCE 795.70 500.00 295.70 2,622.40 4,250.00 (1,627.60) 4,250.00 1,627.60 38.3%119,112.07 125,444.00 (6,331.93) 1,611,069.24 1,699,984.00 (88,914.76) 1,699,984.00 88,914.76 5.2% June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 2,839.21 7,000.00 (4,160.79) 49,532.77 84,000.00 (34,467.23) 84,000.00 34,467.23 41.0%6337842 Utilities-Water7,849.49 1,814.00 6,035.49 38,893.91 21,871.00 17,022.91 21,871.00 (17,022.91) -77.8%Total-CM-WATER & ENERGY 10,688.70 8,814.00 1,874.70 88,426.68 105,871.00 (17,444.32) 105,871.00 17,444.32 16.5%Month to Date Year to Date Annual BudgetYear to DateSilverrock ResortCourse Maintenance Water & EnergyJune 2009Total -COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementJune 2009Annual BudgetMonth to Date5 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411175 Employee Meals 480.00 480.00 - 6,180.00 6,180.00 - 6,180.00 - 0.0%6411320 Insurance-Group 363.25 720.00 (356.75) 1,718.18 8,640.00 (6,921.82) 8,640.00 6,921.82 80.1%6411325 Insurance-Workers Comp 179.61 1,407.00 (1,227.39) 3,620.94 16,511.00 (12,890.06) 16,511.00 12,890.06 78.1%6411800 Taxes-Employer Payroll 1,081.18 1,219.00 (137.82) 14,875.34 14,318.00 557.34 14,318.00 (557.34) -3.9%6411880 Wages-Hourly 8,939.96 9,795.00 (855.04) 119,357.80 114,990.00 4,367.80 114,990.00 (4,367.80) -3.8%6411882 Wages-Overtime 40.50 - 40.50 908.98 - 908.98 - (908.98) 0.0%Total-CBR-SALARIES & BENEFITS11,084.50 13,621.00 (2,536.50) 146,661.24 160,639.00 (13,977.76) 160,639.00 13,977.76 8.7%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 50.00 (50.00) 3,368.15 2,350.00 1,018.15 2,350.00 (1,018.15) -43.3%6413742 Supplies-Expendable 870.00 500.00 370.00 8,355.48 5,850.00 2,505.48 5,850.00 (2,505.48) -42.8%6413752 Supplies-Range Balls - - - 6,554.07 6,000.00 554.07 6,000.00 (554.07) -9.2%6413762 Supplies-Office - 50.00 (50.00) - 525.00 (525.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - 70.00 (70.00) - 420.00 (420.00) 420.00 420.00 100.0%6413786 Supplies-Towels - 72.00 (72.00) 3,974.08 2,292.00 1,682.08 2,292.00 (1,682.08) -73.4%6413796 Supplies-Bottled Water244.41 2,200.00 (1,955.59) 14,995.80 23,950.00 (8,954.20) 23,950.00 8,954.20 37.4%Total-CBR-SUPPLIES & MATERIALS1,114.41 2,942.00 (1,827.59) 37,247.58 41,387.00 (4,139.42) 41,387.00 4,139.42 10.0%641-CBR-REPAIRS & MAINTENANCE6415096 CBR-R&M-Contract Services-Carts 720.00 720.00 - 8,715.00 8,640.00 75.00 8,640.00 (75.00) -0.9%6415690 CBR-R&M-Equipment 39.21 125.00 (85.79) 1,177.88 1,500.00 (322.12) 1,500.00 322.12 21.5%6415695 CBR-R&M-Cart Maintenance & Repair 195.59 250.00 (54.41) 6,705.72 4,000.00 2,705.72 4,000.00 (2,705.72) -67.6%Total-CBR-REPAIRS & MAINTENANCE 954.80 1,095.00 (140.20) 16,598.60 14,140.00 2,458.60 14,140.00 (2,458.60) -17.4%641-CBR-OTHER EXPENSES6419093 Contract Services-Handicaps - 200.00 (200.00) 6,210.00 5,000.00 1,210.00 5,000.00 (1,210.00) -24.2%6419094 Contract Services-Laundry/Linen 808.01 500.00 308.01 6,750.77 6,000.00 750.77 6,000.00 (750.77) -12.5%6419220 Freight/Delivery - 75.00 (75.00) 159.57 900.00 (740.43) 900.00 740.43 82.3%6419490 Miscellaneous - 125.00 (125.00) 506.01 1,150.00 (643.99) 1,150.00 643.99 56.0%6419820 Uniforms - 200.00 (200.00) 2,350.35 5,625.00 (3,274.65) 5,625.00 3,274.65 58.2%Total-CBR-OTHER EXPENSES 808.01 1,100.00 (291.99) 15,976.70 18,675.00 (2,698.30) 18,675.00 2,698.30 14.4%TOTAL-CARTS,BAGROOM & RANGE 13,961.72 18,758.00 (4,796.28) 216,484.12 234,841.00 (18,356.88) 234,841.00 18,356.88 7.8%643-CS-SALARIES & BENEFITS6431175 Employee Meals 300.00 300.00 - 4,860.00 4,860.00 - 4,860.00 - 0.0%6431325 Insurance-Workers Comp 70.48 262.00 (191.52) 1,371.36 3,436.00 (2,064.64) 3,446.00 2,074.64 60.2%6431800 Taxes-Employer Payroll 466.87 398.00 68.87 5,883.75 5,220.00 663.75 5,220.00 (663.75) -12.7%6431880 Wages-Hourly 3,524.00 3,200.00 324.00 46,804.00 41,920.00 4,884.00 41,920.00 (4,884.00) -11.7%6431882 Wages-Overtime - - - 81.00 - 81.00 - (81.00) 0.0%Total-CS-SALARIES & BENEFITS4,361.35 4,160.00 201.35 59,000.11 55,436.00 3,564.11 55,446.00 (3,554.11) -6.4%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 75.00 (75.00) 4,186.80 1,050.00 3,136.80 1,050.00 (3,136.80) -298.7%6439490 Miscellaneous - - - 290.55 200.00 90.55 200.00 (90.55) -45.3%6439718 Safety Equipment & Training - 50.00 (50.00) 43.10 600.00 (556.90) 600.00 556.90 92.8%6439820 Uniforms - 75.00 (75.00) 2,798.53 1,900.00 898.53 1,900.00 (898.53) -47.3%Total-CS-OTHER EXPENSES - 200.00 (200.00) 7,318.98 3,750.00 3,568.98 3,750.00 (3,568.98) -95.2%Total-COURSE SERVICES 4,361.35 4,360.00 1.35 66,319.09 59,186.00 7,133.09 59,196.00 (7,123.09) -12.0%TOTAL OUTSIDE SERVICES 18,323.07 23,118.00 (4,794.93) 282,803.21 294,027.00 (11,223.79) 294,037.00 14,802.77 5.0%Month to Date Year to DateSilverRock ResortOutside Services Expense StatementJune 2009Annual Budget6 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) 416.16 4,800.00 (4,383.84) 4,800.00 4,383.84 91.3%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) 416.16 4,800.00 (4,383.84) 4,800.00 4,383.84 91.3%65-CH-UTILITIES6507836 Utilities-Natural Gas339.03 300.00 39.03 4,533.90 3,600.00 933.90 3,600.00 (933.90) -25.9%6507838 Utilities-Sewer- 200.00 (200.00) 600.00 2,400.00 (1,800.00) 2,400.00 1,800.00 75.0%6507840 Utilities-Telephone1,008.00 1,000.00 8.00 12,662.05 12,000.00 662.05 12,000.00 (662.05) -5.5%6507842 Utilities-Water510.21 200.00 310.21 4,010.05 2,400.00 1,610.05 2,400.00 (1,610.05) -67.1%6507844 Utilities-Cable124.95 317.00 (192.05) 3,729.41 3,804.00 (74.59) 3,804.00 74.59 2.0%Total-CH-UTILITIES 1,982.19 2,017.00 (34.81) 25,535.41 24,204.00 1,331.41 24,204.00 (1,331.41) -5.5%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,825.00 (75.00) 22,843.70 22,500.00 343.70 22,500.00 (343.70) -1.5%6509098 Contract Services-Refuse Dispose291.34 - 291.34 3,970.77 - 3,970.77 - (3,970.77) #DIV/0!6509099 Contract Services-Security12,787.80 8,200.00 4,587.80 108,457.12 98,400.00 10,057.12 98,400.00 (10,057.12) -10.2%6509215 Flowers & Decorations- 100.00 (100.00) - 2,600.00 (2,600.00) 2,600.00 2,600.00 100.0%6509490 Miscellaneous- 200.00 (200.00) 193.93 2,400.00 (2,206.07) 2,400.00 2,206.07 91.9%6509718 Safety Equipment & Training- 100.00 (100.00) 108.62 1,200.00 (1,091.38) 1,200.00 1,091.38 90.9%Total-CH-OTHER EXPENSES 14,829.14 10,425.00 4,404.14 135,574.14 127,100.00 8,474.14 127,100.00 (8,474.14) -6.7%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures272.00 200.00 72.00 4,166.00 2,400.00 1,766.00 2,400.00 (1,766.00) -73.6%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 3,154.65 4,800.00 (1,645.35) 4,800.00 1,645.35 34.3%6515690 CH-R&M-Equipment Repair240.23 400.00 (159.77) 1,043.03 4,800.00 (3,756.97) 4,800.00 3,756.97 78.3%Total-CH-REPAIRS & MAINTENANCE 512.23 1,000.00 (487.77) 8,363.68 12,000.00 (3,636.32) 12,000.00 3,636.32 30.3%Total CLUBHOUSE 17,323.56 13,842.00 3,481.56 169,889.39 168,104.00 1,785.39 168,104.00 7,272.64 4.3%Month to Date Year to DateSilverRock ResortClubhouse Expense StatementJune 2009Annual Budget7 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601175 Employee Meals 60.00 60.00 - 720.00 720.00 - 720.00 - 0.0%6601320 Insurance-Group 286.36 450.00 (163.64) 3,271.87 5,400.00 (2,128.13) 5,400.00 2,128.13 39.4%6601325 Insurance-Workers Comp 52.20 205.00 (152.80) 866.07 2,460.00 (1,593.93) 2,460.00 1,593.93 64.8%6601720 Salaries 2,500.00 2,500.00 - 31,250.00 30,000.00 1,250.00 30,000.00 (1,250.00) -4.2%6601800 Taxes-Employer Payroll 311.00 311.00 - 4,198.50 3,732.00 466.50 3,732.00 (466.50) -12.5%Total-MKT-SALARIES & BENEFITS 3,209.56 3,526.00 (316.44) 40,306.44 42,312.00 (2,005.56) 42,312.00 2,005.56 4.7%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 100.00 1,200.00 (1,100.00) 1,200.00 1,100.00 91.7%6603768 Supplies-Printing & Stationery 997.16 125.00 872.16 5,907.32 4,425.00 1,482.32 4,425.00 (1,482.32) -33.5%997.16 225.00 772.16 6,007.32 5,625.00 382.32 5,625.00 (382.32) -6.8%66-MKT-UTILITIES6607840 Utilities-Telephone 46.61 100.00 (53.39) 649.73 1,200.00 (550.27) 1,200.00 550.27 45.9%Total-MKT-UTILITIES 46.61 100.00 (53.39) 649.73 1,200.00 (550.27) 1,200.00 550.27 45.9%66-MKT-OTHER EXPENSES6609010 Advertising 19,553.16 9,977.00 9,576.16 235,131.96 225,134.00 9,997.96 225,134.00 (9,997.96) -4.4%6609040 Business Meals - 25.00 (25.00) - 300.00 (300.00) 300.00 300.00 100.0%6609080 Collateral Material - 500.00 (500.00) 2,704.05 9,000.00 (6,295.95) 9,000.00 6,295.95 70.0%6609102 Contract Services-Web Page 99.00 175.00 (76.00) 1,584.00 2,100.00 (516.00) 2,100.00 516.00 24.6%6609490 Miscellaneous - - - - 350.00 (350.00) 350.00 350.00 100.0%6609620 Postage - 50.00 (50.00) 1.59 600.00 (598.41) 600.00 598.41 99.7%6609630 Promotion - - - 2,166.57 6,500.00 (4,333.43) 6,500.00 4,333.43 0.0%6609633 Promotion-Community - 75.00 (75.00) 567.70 2,925.00 (2,357.30) 2,925.00 2,357.30 80.6%6609634 Promotion-Media/Vendor 787.50 50.00 737.50 787.50 700.00 87.50 700.00 - 0.0%6609150 Dues and Subscriptions - - - 1,441.71 735.00 706.71 735.00 (706.71) -96.2%6609820 Uniforms - - - 38.41 600.00 (561.59) 600.00 561.59 93.6%Total-MKT-OTHER EXPENSES 20,439.66 10,852.00 9,587.66 244,423.49 248,944.00 (4,520.51) 248,944.00 4,608.01 1.9%Total-MARKETING 24,692.99 14,703.00 9,989.99 291,386.98 298,081.00 (6,694.02) 298,081.00 6,781.52 2.3%Month to Date Year to DateSilverRock ResortMarketing Expense StatementJune 2009Annual Budget8 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701175 Employee Meals 180.00 180.00 - 2,160.00 2,160.00 - 2,160.00 - 0.0%6701320 Insurance-Group2,115.92 2,250.00 (134.08) 18,914.94 27,000.00 (8,085.06) 27,000.00 8,085.06 29.9%6701325 Insurance-Workers Comp301.44 1,406.00 (1,104.56) 6,120.85 16,872.00 (10,751.15) 16,872.00 10,751.15 63.7%6701720 Salaries 15,902.88 14,416.00 1,486.88 175,172.53 172,992.00 2,180.53 172,992.00 (2,180.53) -1.3%6701800 Taxes-Employer Payroll 1,517.32 2,135.00 (617.68) 16,670.20 25,620.00 (8,949.80) 25,620.00 8,949.80 34.9%6701880 Wages-Hourly2,788.77 2,730.00 58.77 28,165.54 32,760.00 (4,594.46) 32,760.00 4,594.46 14.0%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 22,806.33 23,117.00 (310.67) 247,204.06 277,404.00 (30,199.94) 277,404.00 30,199.94 10.9%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 800.00 (800.00) 2,494.36 10,800.00 (8,305.64) 10,800.00 8,305.64 76.9%6703762 Supplies-Office - 125.00 (125.00) 2,598.91 1,500.00 1,098.91 1,500.00 (1,098.91) -73.3%6703768 Supplies-Printing & Stationery42.37 400.00 (357.63) 1,222.98 3,200.00 (1,977.02) 3,200.00 1,977.02 61.8%6703778Supplies-Small Tools/Non-Capital - - - 5.39 900.00 (894.61) 900.00 894.61 99.4%Total-G&A-SUPPLIES & MATERIALS 42.37 1,325.00 (1,282.63) 6,321.64 16,400.00 (10,078.36) 16,400.00 10,078.36 61.5%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 790.74 1,200.00 (409.26) 1,200.00 409.26 34.1%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 790.74 1,200.00 (409.26) 1,200.00 409.26 34.1%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0%6709150 Dues & Subscriptions- 50.00 (50.00) 940.21 1,500.00 (559.79) 1,500.00 559.79 37.3%6709180 Employee Recruiting/Relocation- - - 809.00 4,600.00 (3,791.00) 4,600.00 3,791.00 82.4%6709197 Equipment Rental437.88 350.00 87.88 5,666.05 4,200.00 1,466.05 4,200.00 (1,466.05) -34.9%6709202 Fees-Bank82.80 90.00 (7.20) 489.01 1,080.00 (590.99) 1,080.00 590.99 54.7%6709208 Fees-Payroll Processing1,051.89 550.00 501.89 9,463.53 6,600.00 2,863.53 6,600.00 (2,863.53) -43.4%6709220 Freight/Delivery5.54 50.00 (44.46) 52.19 600.00 (547.81) 600.00 547.81 91.3%6709490 Miscellaneous - 100.00 (100.00) 609.84 1,200.00 (590.16) 1,200.00 590.16 49.2%6709491 Loss/Damage- - - 313.71 - 313.71 - 0.0%6709620 Postage/Mail Services 8.80 75.00 (66.20) 1,395.22 900.00 495.22 900.00 (495.22) -55.0%6709625 Professional Fees- 400.00 (400.00) 4,157.66 4,800.00 (642.34) 4,800.00 642.34 13.4%6709636 Promotion/Entertainment88.20 100.00 (11.80) 2,881.94 4,000.00 (1,118.06) 4,000.00 1,118.06 28.0%6709722 Seminars & Training250.00 200.00 50.00 1,624.45 2,400.00 (775.55) 2,400.00 775.55 32.3%6709810 Travel - 200.00 (200.00) 240.40 1,100.00 (859.60) 1,100.00 859.60 78.1%6709820 Uniforms - 75.00 (75.00) 795.98 1,050.00 (254.02) 1,050.00 254.02 24.2%Total-G&A-OTHER EXPENSES 3,132.61 2,640.00 492.61 35,046.69 38,830.00 (3,783.31) 38,830.00 4,904.52 12.6%Total-GENERAL & ADMINISTRATIVE25,981.31 27,182.00 (1,200.69) 289,363.13 333,834.00 (44,470.87) 333,834.00 45,592.08 13.7%Month to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementJune 2009Annual Budget9 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 11,581.04 11,581.00 0.04 135,428.39 138,972.00 (3,543.61) 138,972.00 3,543.61 2.5%6800193 Equipment Leases-Course Maint 16,244.12 20,000.00 (3,755.88) 195,523.73 240,000.00 (44,476.27) 240,000.00 44,476.27 18.5%6800194 Equipment Leases-Trailer 549.50 600.00 (50.50) 6,988.44 7,200.00 (211.56) 7,200.00 211.56 2.9%6800195 Equipment Leases-Software 1,791.93 1,525.00 266.93 21,503.16 18,300.00 3,203.16 18,300.00 (3,203.16) -17.5%6800196 Equipment Leases-GPS 6,840.14 7,400.00 (559.86) 82,081.68 88,800.00 (6,718.32) 88,800.00 6,718.32 7.6%6800197 Equipment Leases-Others 2,634.62 - 2,634.62 39,959.66 - 39,959.66 - - 0.0%Total-LEASES 39,641.35 41,106.00 (1,464.65) 481,485.06 493,272.00 (11,786.94) 493,272.00 51,746.60 10.5%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 21,952.61 21,759.00 193.61 90,000.00 90,001.00 (1.00) 90,000.00 - 0.0%6900210 FF&E Reserve 3,266.73 3,401.00 (134.27) 62,547.16 75,140.00 (12,592.84) 75,140.00 12,592.84 16.8%6900800 Personal Property Taxes - - - 20,812.13 20,000.00 812.13 20,000.00 (812.13) -4.1%6900323 Insurance-Commercial 3,120.55 3,500.00 (379.45) 30,984.16 42,000.00 (11,015.84) 42,000.00 11,015.84 26.2%Total-MISC OTHER EXPENSES28,339.89 28,660.00 (320.11) 204,343.45 227,141.00 (22,797.55) 227,140.00 22,796.55 10.0%Annual BudgetMonth to Date Year to DateSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJune 200910 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2008-20092008 2008 2008 2008 2008 2008Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia6182177Sales453PromotionGolf Industry11 16 5 5 4 16VIPCelebrityPGA Comp82 48 84 24 38 104Charity/Gift Certificate14 6 3 29 36Rain/Wind Checks66121319Club Staff137 116 113 21 45 69LQ HS Golf256 193 214 58 151 2542009 2009 2009 2009 2009 2009Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia 813 15 5Sales11Promotion84Golf Industry953439 17 16VIPCelebrity2PGA Comp48 633491 82 172Charity/Gift Certificate7153437 12 9Rain/Wind Checks10 31414 7 3Club Staff53 70103121 99 138LQ HS Golf68 52127 175 301 367 232 34311 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2008-2009June 2009 Date Time Description CategoryPlayers6/12/2009 10:00 Michael Dante Sales 26/12/2009 11:30 Gino Lamony (KMIR) Sales 16/24/2009 10:00 Michael Dante Sales 212