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12 June 2013 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2012 – June 2013 TABLE OF CONTENTS Summary Operating Income Expense 1 Variance Report 2 Statement of Fee Revenue 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 Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue116,669.55 154,289.00 (37,619.45) -24.4% 3,125,757.96 3,350,775.00 (225,017.04) 3,350,773.00 225,015.04 93%401000 Miscellaneous Golf Revenue 10,199.75 5,145.00 5,054.75 98.2% 339,862.65 159,973.00 179,889.65 159,973.00 (179,889.65) 212%410000 Revenue-Golf Shop 10,037.87 14,700.00 (4,662.13) -31.7% 250,380.52 311,051.00 (60,670.48) 311,048.00 60,667.48 80%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income0.53 - 0.53 0.0% 8.00 - 8.00 - (8.00) 0%Total Income137,407.70 174,634.00 (37,226.30) -21.3% 3,728,009.13 3,833,799.00 (105,789.87) 3,833,794.00 105,784.87 97%Cost of Goods Sold510000 COS-Golf Shop 5,435.86 7,802.00 (2,366.14) 30.3% 137,769.16 165,092.05 27,322.89 165,088.40 27,319.24 83%Total COS5,435.86 7,802.00 (2,366.14) 30.3% 137,769.16 165,092.05 27,322.89 165,088.40 27,319.24 83%Gross Profit131,971.84 166,832.00 (34,860.16) -20.9% 3,590,239.97 3,668,706.95 (78,466.98) 3,668,705.60 78,465.63 98%Expenses610000 Golf Pro Shop 20,002.95 17,374.00 (2,628.95) -15.1% 216,370.41 212,989.00 (3,381.41) 212,986.00 (3,384.41) 102%630000 Course Maintenance115,179.21 115,816.00 636.79 0.5% 1,684,522.59 1,664,205.00 (20,317.59) 1,664,207.00 (20,315.59) 101%633000 Maintenance Water & Energy22,239.36 28,040.00 5,800.64 20.7% 216,678.67 221,749.00 5,070.33 221,749.00 5,070.33 98%640000 Outside Services28,196.38 28,590.00 393.62 1.4% 295,091.18 292,671.00 (2,420.18) 292,671.00 (2,420.18) 101%650000 Clubhouse 14,267.21 11,036.00 (3,231.21) -29.3% 130,592.04 132,232.00 1,639.96 132,232.00 1,639.96 99%660000 Marketing 22,351.52 10,089.00 (12,262.52) -121.5% 230,250.99 245,615.00 15,364.01 245,611.00 15,360.01 94%670000 General & Administrative27,478.86 26,261.00 (1,217.86) -4.6% 311,788.09 312,382.00 593.91 312,385.00 596.91 100%680000 Leases 17,954.90 18,890.00 935.10 5.0% 212,080.20 226,680.00 14,599.80 226,680.00 14,599.80 94%690000 Miscellaneous Other Expense30,313.39 24,104.00 (6,209.39) -25.8% 173,573.95 198,215.00 24,641.05 198,215.00 24,641.05 88%Total Expenses297,983.78 280,200.00 (17,783.78) -6.3% 3,470,948.12 3,506,738.00 35,789.88 3,506,736.00 35,787.88 99%(166,011.94) (113,368.00) (52,643.94) -46.4%119,291.85 161,968.95 (42,677.10) 161,969.60 42,677.75 74%Rounds of Golf PlayedPaid Rounds Played 2,192 2,450 (258) -10.5% 46,352 46,650 (298) 46,650 298 99%Ave $ Per Paid Round Green Fee53.23 62.98 (9.75) -15.5% 67.44 71.83 (4.39) 71.83 4.39 94%Ave $ Per Paid Round Merchandise4.58 6.00 (1.42) -23.7% 5.40 6.67 (1.27) 6.67 1.27 81%Ave $ Per Paid Miscellaneous 4.65 2.10 2.55 121.6% 7.33 3.43 3.90 3.43 (3.90) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateJune 20131 ACTUALBUDGETVARIANCERevenue Fees116,669.55$ 154,289.00$ (37,619.45)$ Unfavorable: Due to reduced rates to compete with other desert courses. Rounds played were less than projected. June was an unusually hot June.Misc Golf Revenue10,199.75$ 5,145.00$ 5,054.75$ Favorable: As a result of SilverRock Operations taking over the distribution of the La Quinta Residents Cards, revenuesof $6,300.00 for the month of June were recognized in the SilverRock Financials. This revenue was not part ofthe original 2012-2013 Annual Plan.Pro Shop Merchandise Sales10,037.87$ 14,700.00$ (4,662.13)$ Unfavorable: Merchandise sales were down by 30% due to conservative consumer spending and reduced roundsplayed.Pro Shop Cost of Sales5,435.86$ 7,802.00$ 2,366.14$ 54.15% 53.07% 1.08%Unfavorable: COGS % was unfavorable due to end of season discounts on apparel and hardgoods.Pro Shop 20,002.95$ 17,374.00$ (2,628.95)$ Unfavorable: Due to expenses for seminars is higher than budgeted as a result of PGA school payment being made in June in order to enroll one of SilverRock's golf professional for the July examination. Water & Energy22,239.36$ 28,040.00$ 5,800.64$ Favorable: Electricity is down by 30% due to reduced hours of running of the water feature. Water consumption is up dueto warmer conditions which requires additional irrigation of the turf.Clubhouse14,267.21$ 11,036.00$ (3,231.21)$ Unfavorable: Due to repair and maintenance of air conditioning units in the restaurant and restrooms.Marketing22,351.52$ 10,089.00$ (12,262.52)$ Unfavorable: Due to timing of advertising invoices as well as the final payment for the commercial shoot with Point7 West.Miscellaneous30,313.39$ 24,104.00$ (6,209.39)$ Unfavorable: Due to projected Food and Beverage loss exceeded budget for June 2013. Due to lower rounds played than projected. Variance ExplanationsJune 20132 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 116,669.55 154,289.00 (37,619.45) 3,125,757.96 3,350,775.00 (225,017.04) 3,350,773.00225,015.0493%4010000 Rider Fee 525.00 245.00 280.00 9,120.00 7,643.00 1,477.00 7,643.00-1,477.00119%4040000 Club Rental 580.00 1,225.00 (645.00) 23,330.00 23,325.00 5.00 23,325.00-5.00100%4050000 Driving Range 2,734.00 3,675.00 (941.00) 96,716.00 85,405.00 11,311.00 85,405.00-11,311.00113%4060000 Handicap Fees - - - 2,466.00 - 2,466.00 0.000.000%4080000 GPS Advertising - - - - 2,600.00 (2,600.00) 2,600.00 2,600.000%4090000 Ball Retriever/Subcontract - - - 5,164.80 4,000.00 1,164.80 4,000.00 -1,164.80129%4091000 Golf Professional Rental Fee - - - 46,293.00 37,000.00 9,293.00 37,000.00 -9,293.00 125%4092000 Golf Lessons 60.75 - 60.75 1,312.85 - 1,312.85 - (1,312.85) 0%4093000 Resident Card Issue 6,300.00 - 6,300.00 155,460.00 - 155,460.00 - - 0% Total Revenue Fees 126,869.30 159,434.00 (32,564.70) 3,465,620.61 3,510,748.00 (45,127.39) 3,510,746.00 203,051.39 94%126,869.30 159,434.00 (32,564.70) 3,465,620.61 3,510,748.00 (45,127.39) 3,510,746.00 203,051.39 94%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueJune 20133 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 106.00 - 106.00 2,807.66 - 2,807.66 0 0 0%4100110 Sales Hard Goods 4,253.11 5,145.00 (891.89) 98,153.10 108,869.00 (10,715.90) 108,867.00 10,713.90 90%4100112 Sales-Soft Goods 7,132.50 9,555.00 (2,422.50) 185,940.09 202,182.00 (16,241.91) 202,181.00 16,240.91 92%5100639 GS-Discounts-Mdse (1,453.74) - (1,453.74) (36,520.33) - (36,520.33) - 36,520.33 0% Total Revenue Golf Shop 10,037.87 14,700.00 (4,662.13) 250,380.52 311,051.00 (60,670.48) 311,048.00 63,475.14 80%COS 5100150 COS-GS-Hard Goods 1,997.51 2,829.75 (832.24) 53,075.73 59,877.95 (6,802.22) 59,876.85 6,801.12 89%5100151 COS-GS-Soft Goods 3,264.46 5,255.25 (1,990.79) 82,813.48 111,200.10 (28,386.62) 111,199.55 28,386.07 74%5100152 COS-GS-Purchase Disc (229.06) (404.00) 174.94 (2,449.88) (8,553.00) 6,103.12 (8,554.00) (6,104.12) -29%5100220 COS-GS-Freight Merch 402.95 121.00 281.95 4,329.83 2,567.00 1,762.83 2,566.00 (1,763.83) 169%Cost of Sales - Golf Shop 5,435.86 7,802.00 (2,366.14) 137,769.16 165,092.05 (27,322.89) 165,088.40 27,319.24 83%Gross Profit 4,602.01 6,898.00 (2,295.99) 112,611.36 145,958.95 (33,347.59) 145,959.60 36,155.90 75%COS % 54.2% 53.1% -1.1% 55.0% 53.1% -1.9% 53.1% 43.0% 19%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 2,467.71 2,317.00 150.71 26,847.89 26,811.00 36.89 26,811.00 (36.89) 100%6101325 Insurance-Workers Comp 718.55 478.00 240.55 5,992.99 5,666.00 326.99 5,663.00 (329.99) 106%6101720 Salaries 3,545.44 3,750.00 (204.56) 46,115.72 45,000.00 1,115.72 45,000.00 (1,115.72) 102%6101800 Taxes-Employer Payroll 996.01 1,246.00 (249.99) 15,926.00 14,759.00 1,167.00 14,758.00 (1,168.00) 108%6101880 Wages-Hourly 7,480.43 8,173.00 (692.57) 96,607.65 96,228.00 379.65 96,229.00 (378.65) 100%6101882 Wages-Overtime 13.41 - 13.41 1,199.33 - 1,199.33 - 952.88 0%Total -PS-SALARIES & BENEFITS 15,221.55 15,964.00 (742.45) 192,689.58 188,464.00 4,225.58 188,461.00 (2,076.37) 101%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office - 500.00 (500.00) 3,381.23 6,000.00 (2,618.77) 6,000.00 2,618.77 56%6109090 Contract Services 500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 100%6109220 Freight & Delivery - - - 212.23 75.00 137.23 75.00 (137.23) 283%6109490 Miscellaneous 53.50 50.00 3.50 1,220.38 450.00 770.38 450.00 (770.38) 271%6109150 Dues and Subscriptions - - - 1,800.00 2,300.00 (500.00) 2,300.00 500.00 78%6109500 ProShop-Over/Short 6.25 - 6.25 (38.70) - (38.70) - 38.70 0%6109722 Seminars/Training 3,911.07 35.00 3,876.07 6,227.32 5,890.00 337.32 5,890.00 (337.32) 106%6109810 Travel - Merchandise - 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 0%6109820 Uniforms - 200.00 (200.00) 3,486.44 2,400.00 1,086.44 2,400.00 (1,086.44) 145%6117840 Telephones 310.58 110.00 200.58 1,391.93 1,320.00 71.93 1,320.00 (71.93) 0%Total PS-OTHER EXPENSES 4,781.40 1,410.00 3,371.40 23,680.83 24,525.00 (844.17) 24,525.00 844.17 97%20,002.95 17,374.00 2,628.95 216,370.41 212,989.00 3,381.41 212,986.00 (1,232.20) 101%Net Income(15,400.94) (10,476.00) (4,924.94) (103,759.05) (67,030.05) (36,729.00) (67,026.40) 37,388.10 -156%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementJune 20134 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 10,600.26 8,740.00 1,860.26 105,618.54 104,880.00 738.54 104,880.00 (738.54) -0.7%6311325 Insurance-Workers Comp 2,463.60 2,285.00 178.60 23,484.85 27,280.00 (3,795.15) 27,280.00 3,795.15 13.9%6311720 Salaries 10,620.80 11,001.60 (380.80) 138,665.20 132,019.20 6,646.00 150,996.00 12,330.80 8.2%6311800 Taxes-Employer Payroll 4,593.07 6,054.00 (1,460.93) 67,596.69 71,643.00 (4,046.31) 71,645.00 4,048.31 5.7%6311880 Wages-Hourly 46,476.11 44,059.40 2,416.71 557,683.84 537,630.80 20,053.04 518,654.00 (39,029.84) -7.5%6311882 Wages-Overtime - 2,869.00 (2,869.00) 11,799.38 15,945.00 (4,145.62) 15,945.00 4,145.62 26.0%Total-CM-SALARIES & BENEFITS74,753.84 75,009.00 (255.16) 904,848.50 889,398.00 15,450.50 889,400.00 (15,448.50) -1.7%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 2,485.85 - 2,485.85 33,243.58 - 33,243.58 31,100.00 (2,143.58) -6.9%6313744 Fertilizer 5,806.03 7,000.00 (1,193.97) 128,635.84 145,600.00 (16,964.16) 114,500.00 (14,135.84) -12.3%6313745 Herbicides - - - 17,281.37 17,000.00 281.37 17,000.00 (281.37) -1.7%6313746 Flowers/Plants - - - 2,844.36 3,050.00 (205.64) 3,050.00 205.64 6.7%6313748 Fuel-Gasoline 1,179.16 3,100.00 (1,920.84) 50,925.74 55,020.00 (4,094.26) 55,020.00 4,094.26 7.4%6313750 Golf Course Accessories 167.45 100.00 67.45 14,929.07 13,000.00 1,929.07 13,000.00 (1,929.07) -14.8%6313756 POA Control 236.75 - 236.75 8,995.40 7,000.00 1,995.40 7,000.00 (1,995.40) -28.5%6313758 Miscellaneous Supp 155.52 100.00 55.52 8,851.33 4,350.00 4,501.33 4,350.00 (4,501.33) 0.0%6313762 Supplies-Office - - - 667.25 - 667.25 - (667.25) 0.0%6313774 Sand - 100.00 (100.00) 7,961.87 16,460.00 (8,498.13) 16,460.00 8,498.13 51.6%6313776 Seed - 350.00 (350.00) 106,483.19 106,810.00 (326.81) 106,810.00 326.81 0.3%6313778 Small Tools & Non-Capital Equip 138.56 100.00 38.56 4,800.96 5,000.00 (199.04) 5,000.00 199.04 4.0%6313780 Sod - 200.00 (200.00) 7,398.19 7,950.00 (551.81) 7,950.00 551.81 6.9%6313782 Topdressing 765.30 1,300.00 (534.70) 8,556.38 7,600.00 956.38 7,600.00 (956.38) -12.6%Total-CM-SUPPLIES & MATERIALS10,934.62 12,350.00 (1,415.38) 401,574.53 388,840.00 12,734.53 388,840.00 (12,734.53) -3.3%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 33,960.00 31,200.00 2,760.00 31,200.00 (2,760.00) -8.8%6315685 CM-R&M-Bldngs & Othr Structures 136.34 250.00 (113.66) 1,995.65 5,550.00 (3,554.35) 5,550.00 3,554.35 64.0%6315690 CM-R&M-Equipment 4,731.20 2,000.00 2,731.20 47,421.20 31,000.00 16,421.20 31,000.00 (16,421.20) -53.0%6315692 CM-R&M-Irrigation System 1,109.64 1,000.00 109.64 16,024.21 22,650.00 (6,625.79) 22,650.00 6,625.79 29.3%6315696 CM-R&M-Pumps 1,880.40 - 1,880.40 8,522.28 10,500.00 (1,977.72) 10,500.00 1,977.72 18.8%6315815 CM-R&M-Trees-Pruning Etc - - - 13,500.00 10,050.00 3,450.00 10,050.00 (3,450.00) -34.3%Total-CM-REPAIRS & MAINTENANCE 10,687.58 5,850.00 4,837.58 121,423.34 110,950.00 10,473.34 110,950.00 (10,473.34) -9.4%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG 23.96 15.00 8.96 288.93 180.00 108.93 180.00 (108.93) 0.0%6317840 Telephones 944.92 850.00 94.92 13,447.50 10,200.00 3,247.50 10,200.00 (3,247.50) -31.8%Total-CM-UTILITIES 968.88 865.00 103.88 13,736.43 10,380.00 3,356.43 10,380.00 (3,356.43) -32.3%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 0.0%6319100 Contract Svcs-Soil/Tissue Test - - - 2,000.00 4,000.00 (2,000.00) 4,000.00 2,000.00 50.0%6319102 Contract Svcs-Trash Removal 752.46 524.00 228.46 9,479.66 6,288.00 3,191.66 6,288.00 (3,191.66) 0.0%6319150 Dues & Subscriptions 210.00 100.00 110.00 1,795.00 540.00 1,255.00 540.00 (1,255.00) -232.4%6319170 Employee Education - 50.00 (50.00) - 1,550.00 (1,550.00) 1,550.00 1,550.00 100.0%6319197 Equipment Rental 3,089.88 100.00 2,989.88 3,669.01 4,200.00 (530.99) 4,200.00 530.99 12.6%6319206 Licenses & Permits - - - 1,896.00 1,430.00 466.00 1,430.00 (466.00) -32.6%6319490 Miscellaneous - 100.00 (100.00) 1,991.85 1,200.00 791.85 1,200.00 (791.85) -66.0%6319718 Safety Equipment & Training 392.23 100.00 292.23 5,996.51 3,850.00 2,146.51 3,850.00 (2,146.51) -55.8%6319822 Uniforms 912.85 920.00 (7.15) 14,778.08 11,040.00 3,738.08 11,040.00 (3,738.08) -33.9%Total-CM-OTHER EXPENSES 5,857.42 2,394.00 3,463.42 47,606.11 40,098.00 7,508.11 40,098.00 (7,508.11) -18.7%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJune 2013Annual Budget5 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 10.99 2,648.00 (2,637.01) 20,701.27 31,776.00 (11,074.73) 31,776.00 11,074.73 34.9%6321325 Insurance-Workers Comp 513.25 542.00 (28.75) 5,794.35 6,361.00 (566.65) 6,361.00 566.65 8.9%6321800 Taxes-Employer Payroll 676.51 1,447.00 (770.49) 14,573.91 16,808.00 (2,234.09) 16,808.00 2,234.09 13.3%6321880 Wages-Hourly 10,590.80 12,880.00 (2,289.20) 148,953.09 154,560.00 (5,606.91) 154,560.00 5,606.91 3.6%6321882 Wages-Overtime - 966.00 (966.00) 1,851.86 6,279.00 (4,427.14) 6,279.00 4,427.14 70.5%Total-CM-LM-SALARIES & BENEFITS11,791.55 18,483.00 (6,691.45) 191,874.48 215,784.00 (23,909.52) 215,784.00 23,909.52 11.1%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 148.81 1,025.00 (876.19) 1,025.00 876.19 85.5%6323788 Uniforms 185.32 290.00 (104.68) 3,089.99 3,480.00 (390.01) 3,480.00 390.01 11.2%Total-CM-LM-SUPPLIES & MATERIALS185.32 365.00 (179.68) 3,238.80 4,505.00 (1,266.20) 4,505.00 1,266.20 28.1%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 500.00 (500.00) 220.40 4,250.00 (4,029.60) 4,250.00 4,029.60 94.8%Total-CM-LM-REPAIRS & MAINTENANCE - 500.00 (500.00) 220.40 4,250.00 (4,029.60) 4,250.00 4,029.60 94.8%115,179.21 115,816.00 (636.79) 1,684,522.59 1,664,205.00 20,317.59 1,664,207.00 (20,315.59) -1.2% June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 15,204.69 21,530.00 (6,325.31) 159,148.17 178,691.00 (19,542.83) 178,691.00 19,542.83 10.9%6337842 Utilities-Water7,034.67 6,510.00 524.67 57,530.50 43,058.00 14,472.50 43,058.00 (14,472.50) -33.6%22,239.36 28,040.00 (5,800.64) 216,678.67 221,749.00 (5,070.33) 221,749.00 5,070.33 2.3%Silverrock ResortCourse Maintenance Water & EnergyJune 2013Total-CM-WATER & ENERGYMonth to Date Year to Date Annual BudgetTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementJune 2013Annual BudgetMonth to Date Year to Date6 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group 368.62 662.00 (293.38) 5,538.58 7,944.00 (2,405.42) 7,944.00 2,405.42 30.3%6411325 Insurance-Workers Comp 1,231.80 357.00 874.80 7,594.55 5,136.00 2,458.55 5,135.00 (2,459.55) -47.9%6411800 Taxes-Employer Payroll 1,373.15 1,109.00 264.15 16,906.68 15,942.00 964.68 15,942.00 (964.68) -6.1%6411880 Wages-Hourly 9,776.44 8,910.00 866.44 128,010.68 128,052.00 (41.32) 128,052.00 41.32 0.0%6411882 Wages-Overtime 118.31 - 118.31 2,547.79 - 2,547.79 - (2,547.79) 0.0%Total-CBR-SALARIES & BENEFITS12,868.32 11,038.00 1,830.32 160,598.28 157,074.00 3,524.28 157,073.00 (3,525.28) -2.2%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 50.00 (50.00) 3,535.64 2,350.00 1,185.64 2,350.00 (1,185.64) -50.5%6413742 Supplies-Expendable 543.25 500.00 43.25 11,808.84 6,750.00 5,058.84 6,750.00 (5,058.84) -74.9%6413748 Supplies-Fuel for Shuttle - 100.00 (100.00) 1,850.31 3,000.00 (1,149.69) 3,000.00 1,149.69 38.3%6413752 Supplies-Range Balls - - - 9,177.75 9,000.00 177.75 9,000.00 (177.75) -2.0%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) 59.27 420.00 (360.73) 420.00 360.73 85.9%6413786 Supplies-Towels 80.00 72.00 8.00 3,757.41 1,005.00 2,752.41 1,005.00 (2,752.41) -273.9%6413796 Supplies-Bottled Water7,138.73 12,000.00 (4,861.27) 16,377.56 24,500.00 (8,122.44) 24,500.00 8,122.44 33.2%Total-CBR-SUPPLIES & MATERIALS7,761.98 12,842.00 (5,080.02) 46,566.78 47,550.00 (983.22) 47,550.00 983.22 2.1%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) 3,282.81 3,600.00 (317.19) 3,600.00 317.19 8.8%6415695 CBR-R&M-Cart Maintenance & Repair 1,142.60 750.00 392.60 7,324.49 9,750.00 (2,425.51) 9,750.00 2,425.51 24.9%Total-CBR-REPAIRS & MAINTENANCE 1,142.60 1,050.00 92.60 10,607.30 13,350.00 (2,742.70) 13,350.00 2,742.70 20.5%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 211.97 800.00 (588.03) 10,808.56 9,600.00 1,208.56 9,600.00 (1,208.56) -12.6%6419220 Freight/Delivery - - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous 231.79 125.00 106.79 890.30 1,150.00 (259.70) 1,150.00 259.70 22.6%6419820 Uniforms 215.90 200.00 15.90 3,430.29 5,200.00 (1,769.71) 5,200.00 1,769.71 34.0%Total-CBR-OTHER EXPENSES 659.66 1,125.00 (465.34) 15,129.15 16,400.00 (1,270.85) 16,400.00 1,270.85 7.7%TOTAL-CARTS,BAGROOM & RANGE 22,432.56 26,055.00 (3,622.44) 232,901.51 234,374.00 (1,472.49) 234,373.00 1,471.49 0.6%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 513.25 82.00 431.25 3,930.73 1,905.00 2,025.73 1,903.00 (2,027.73) -106.6%6431800 Taxes-Employer Payroll 656.27 213.00 443.27 6,400.99 4,957.00 1,443.99 4,960.00 (1,440.99) -29.1%6431880 Wages-Hourly 4,512.00 2,040.00 2,472.00 48,160.00 47,460.00 700.00 47,460.00 (700.00) -1.5%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS5,681.52 2,335.00 3,346.52 58,491.72 54,322.00 4,169.72 54,323.00 (4,168.72) -7.7%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 75.00 (75.00) 777.31 1,050.00 (272.69) 1,050.00 272.69 26.0%6439490 Miscellaneous 82.30 - 82.30 1,033.59 200.00 833.59 200.00 (833.59) -416.8%6439718 Safety Equipment & Training - 50.00 (50.00) 114.53 600.00 (485.47) 600.00 485.47 80.9%6439820 Uniforms - 75.00 (75.00) 1,772.52 2,125.00 (352.48) 2,125.00 352.48 16.6%Total-CS-OTHER EXPENSES 82.30 200.00 (117.70) 3,697.95 3,975.00 (277.05) 3,975.00 277.05 7.0%Total-COURSE SERVICES 5,763.82 2,535.00 3,228.82 62,189.67 58,297.00 3,892.67 58,298.00 (3,891.67) -6.7%28,196.38 28,590.00 (393.62) 295,091.18 292,671.00 2,420.18 292,671.00 (2,697.23) -0.9%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementJune 2013Annual Budget7 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) 1,264.00 4,800.00 (3,536.00) 4,800.00 3,536.00 73.7%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) 1,264.00 4,800.00 (3,536.00) 4,800.00 3,536.00 73.7%65-CH-UTILITIES6507836 Utilities-Natural Gas442.51 300.00 142.51 3,784.96 3,600.00 184.96 3,600.00 (184.96) -5.1%6507840 Utilities-Telephone1,271.33 1,150.00 121.33 14,828.44 13,800.00 1,028.44 13,800.00 (1,028.44) -7.5%6507842 Utilities-Water636.44 321.00 315.44 4,860.24 3,852.00 1,008.24 3,852.00 (1,008.24) -26.2%6507844 Utilities-Cable345.34 340.00 5.34 4,049.79 4,080.00 (30.21) 4,080.00 30.21 0.7%Total-CH-UTILITIES 2,695.62 2,111.00 584.62 27,523.43 25,332.00 2,191.43 25,332.00 (2,191.43) -8.7%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,825.00 1,825.00 - 22,324.50 22,500.00 (175.50) 22,500.00 175.50 0.8%6509099 Contract Services-Security5,206.56 4,900.00 306.56 62,476.96 60,400.00 2,076.96 60,400.00 (2,076.96) -3.4%6509215 Flowers & Decorations- 400.00 (400.00) 98.89 2,400.00 (2,301.11) 2,400.00 2,301.11 95.9%6509490 Miscellaneous- 200.00 (200.00) 447.15 2,400.00 (1,952.85) 2,400.00 1,952.85 81.4%6509718 Safety Equipment & Training- 100.00 (100.00) 597.31 1,200.00 (602.69) 1,200.00 602.69 50.2%Total-CH-OTHER EXPENSES 7,031.56 7,425.00 (393.44) 85,944.81 88,900.00 (2,955.19) 88,900.00 2,955.19 3.3%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures4,540.03 300.00 4,240.03 7,849.32 3,600.00 4,249.32 3,600.00 (4,249.32) -118.0%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 4,508.20 4,800.00 (291.80) 4,800.00 291.80 6.1%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 3,502.28 4,800.00 (1,297.72) 4,800.00 1,297.72 27.0%Total-CH-REPAIRS & MAINTENANCE 4,540.03 1,100.00 3,440.03 15,859.80 13,200.00 2,659.80 13,200.00 (2,659.80) -20.2%14,267.21 11,036.00 3,231.21 130,592.04 132,232.00 (1,639.96) 132,232.00 (5,319.60) -4.0%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementJune 2013Annual Budget8 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 368.62 331.00 37.62 4,062.94 3,972.00 90.94 3,972.00 (90.94) -2.3%6601325 Insurance-Workers Comp 102.61 101.00 1.61 1,586.01 1,212.00 374.01 1,207.00 (379.01) -31.4%6601720 Salaries 2,065.34 2,508.00 (442.66) 27,934.35 30,096.00 (2,161.65) 30,096.00 2,161.65 7.2%6601800 Taxes-Employer Payroll 191.90 262.00 (70.10) 3,706.27 3,144.00 562.27 3,145.00 (561.27) -17.8%Total-MKT-SALARIES & BENEFITS 2,728.47 3,202.00 (473.53) 37,289.57 38,424.00 (1,134.43) 38,420.00 1,130.43 2.9%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 374.87 1,200.00 (825.13) 1,200.00 825.13 68.8%6603768 Supplies-Printing & Stationery 2,547.17 125.00 2,422.17 9,145.81 4,425.00 4,720.81 4,425.00 (4,720.81) -106.7%2,547.17 225.00 2,322.17 9,520.68 5,625.00 3,895.68 5,625.00 (3,895.68) -69.3%66-MKT-UTILITIES6607840 Utilities-Telephone 57.07 100.00 (42.93) 1,186.88 1,200.00 (13.12) 1,200.00 13.12 1.1%Total-MKT-UTILITIES 57.07 100.00 (42.93) 1,186.88 1,200.00 (13.12) 1,200.00 13.12 1.1%66-MKT-OTHER EXPENSES6609010 Advertising 16,025.74 5,562.00 10,463.74 175,745.36 179,231.00 (3,485.64) 179,231.00 3,485.64 1.9%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material 621.18 500.00 121.18 3,363.55 9,000.00 (5,636.45) 9,000.00 5,636.45 62.6%6609102 Contract Services-Web Page 99.00 300.00 (201.00) 1,188.00 3,600.00 (2,412.00) 3,600.00 2,412.00 67.0%6609490 Miscellaneous 95.40 - 95.40 95.40 350.00 (254.60) 350.00 254.60 72.7%6609620 Postage - 50.00 (50.00) 19.82 600.00 (580.18) 600.00 580.18 96.7%6609630 Promotion - 25.00 (25.00) 104.43 300.00 (195.57) 3,000.00 2,895.57 0.0%6609633 Promotion-Community - 125.00 (125.00) 766.75 2,950.00 (2,183.25) 2,250.00 1,483.25 65.9%6609634 Promotion-Media/Vendor - - - 145.00 3,000.00 (2,855.00) 700.00 - 0.0%6609150 Dues and Subscriptions - - - 453.32 735.00 (281.68) 735.00 281.68 38.3%6609820 Uniforms 177.49 - 177.49 372.23 600.00 (227.77) 600.00 227.77 38.0%Total-MKT-OTHER EXPENSES 17,018.81 6,562.00 10,456.81 182,253.86 200,366.00 (18,112.14) 200,366.00 17,557.14 8.8%22,351.52 10,089.00 12,262.52 230,250.99 245,615.00 (15,364.01) 245,611.00 14,805.01 6.0%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementJune 2013Annual Budget9 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,875.30 1,458.00 417.30 19,972.23 17,496.00 2,476.23 17,496.00 (2,476.23) -14.2%6701325 Insurance-Workers Comp307.95 688.00 (380.05) 4,722.50 8,256.00 (3,533.50) 8,254.00 3,531.50 42.8%6701720 Salaries 11,774.78 15,003.00 (3,228.22) 168,049.16 180,036.00 (11,986.84) 178,000.00 9,950.84 5.6%6701800 Taxes-Employer Payroll 1,069.93 1,792.00 (722.07) 15,706.16 21,504.00 (5,797.84) 21,510.00 5,803.84 27.0%6701880 Wages-Hourly3,437.90 2,150.00 1,287.90 27,676.51 25,800.00 1,876.51 27,835.00 158.49 0.6%6701882 Wages-Overtime 11.81 - 11.81 46.31 - 46.31 - (46.31) 0.0%Total-G&A-SALARIES & BENEFITS 18,477.67 21,091.00 (2,613.33) 236,172.87 253,092.00 (16,919.13) 253,095.00 16,922.13 6.7%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer270.00 800.00 (530.00) 3,113.09 5,200.00 (2,086.91) 5,200.00 2,086.91 40.1%6703762 Supplies-Office 245.27 100.00 145.27 1,965.56 1,200.00 765.56 1,200.00 (765.56) -63.8%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 1,106.49 3,300.00 (2,193.51) 3,300.00 2,193.51 66.5%Total-G&A-SUPPLIES & MATERIALS 515.27 1,300.00 (784.73) 6,185.14 9,700.00 (3,514.86) 9,700.00 3,514.86 36.2%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment53.50 100.00 (46.50) 633.10 1,100.00 (466.90) 1,100.00 466.90 42.4%Total-G&A-REPAIRS & MAINTENANCE 53.50 100.00 (46.50) 633.10 1,100.00 (466.90) 1,100.00 466.90 42.4%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0%6709150 Dues & Subscriptions240.00 50.00 190.00 696.00 1,700.00 (1,004.00) 1,700.00 1,004.00 59.1%6709180 Employee Recruiting/Relocation- - - 2,159.79 1,400.00 759.79 1,400.00 (759.79) -54.3%6709197 Equipment Rental493.79 480.00 13.79 7,881.71 5,760.00 2,121.71 5,760.00 (2,121.71) -36.8%6709202 Fees-Bank116.44 90.00 26.44 1,397.42 1,080.00 317.42 1,080.00 (317.42) -29.4%6709208 Fees-Payroll Processing1,227.88 1,100.00 127.88 15,215.91 13,200.00 2,015.91 13,200.00 (2,015.91) -15.3%6709220 Freight/Delivery- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6709490 Miscellaneous - 100.00 (100.00) 147.63 1,200.00 (1,052.37) 1,200.00 1,052.37 87.7%6709491 Loss/Damage45.89 - 45.89 782.49 - 782.49 - 0.0%6709620 Postage/Mail Services - 75.00 (75.00) 1,620.25 900.00 720.25 900.00 (720.25) -80.0%6709625 Professional Fees1,250.01 850.00 400.01 12,393.04 10,200.00 2,193.04 10,200.00 (2,193.04) -21.5%6709636 Promotion/Entertainment- 100.00 (100.00) 2,526.78 3,100.00 (573.22) 3,100.00 573.22 18.5%6709722 Seminars & Training250.00 200.00 50.00 1,246.08 2,400.00 (1,153.92) 2,400.00 1,153.92 48.1%6709810 Travel - 200.00 (200.00) - 1,100.00 (1,100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms - 75.00 (75.00) 975.35 1,050.00 (74.65) 1,050.00 74.65 7.1%Total-G&A-OTHER EXPENSES 4,024.01 3,770.00 254.01 51,842.45 48,490.00 3,352.45 48,490.00 (2,569.96) -5.3%23,070.45 26,261.00 (3,190.55) 294,833.56 312,382.00 (17,548.44) 312,385.00 18,333.93 5.9%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementJune 2013Annual Budget10 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4009300Resident Card Issue6,300.00 - 6,300.00 155,460.00 - 155,460.00 - - 0%- - 0% Total Revenue Resident Cards6,300.00 - 6,300.00 155,460.00 - 155,460.00 - - 0%Expense60-RC-SALARIES & BENEFITS6001800 Taxes-Employer Payroll 174.40 - 174.40 1,495.20 - 1,495.20 - - 0%6001325 Insurance-Workers Comp102.65 - 102.65 370.81 370.81 0%6001880 Wages-Hourly1,041.48 - 1,041.48 8,687.83 - 8,687.83 - - 0%6001882 Wages-Overtime - - - - - - - - 0%Total -RC-SALARIES & BENEFITS 1,318.53 - 1,318.53 10,553.84 - 10,553.84 - - 0%60-RC- OTHER EXPENSES6003762 Supplies-Office 3,089.88 - 3,089.88 - - - - - 0%6009490 Miscellaneous - - - 5,520.80 - 5,520.80 - - 0%6003740 Supplies-Computer- - - - - - - - 0%6009625 Professional Fees- - - 879.89 - 879.89 - - 0%Total RC-OTHER EXPENSES 3,089.88 - 3,089.88 6,400.69 - 6,400.69 - - 0%4,408.41 - 4,408.41 16,954.53 - 16,954.53 - - 0%Net Income1,891.59 - 1,891.59 138,505.47 - 138,505.47 - - 0%SilverRock ResortResident Card Income StatementMay 2013Month to Date Year to Date Annual BudgetTotal-RESIDENT CARDS11 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 11,988.25 12,075.00 (86.75) 139,410.23 144,900.00 (5,489.77) 144,900.00 5,489.77 3.8%6800194 Equipment Leases-Trailer 512.61 600.00 (87.39) 5,838.29 7,200.00 (1,361.71) 7,200.00 1,361.71 18.9%6800196 Equipment Leases-GPS 4,940.00 5,755.00 (815.00) 59,280.00 69,060.00 (9,780.00) 69,060.00 9,780.00 14.2%6800197 Equipment Leases-Others 514.04 460.00 54.04 7,551.68 5,520.00 2,031.68 5,520.00 (2,031.68) 0.0%17,954.90 18,890.00 (935.10) 212,080.20 226,680.00 (14,599.80) 226,680.00 14,599.80 6.4%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 25,209.57 18,818.00 6,391.57 66,074.89 89,999.00 (23,924.11) 90,000.00 23,925.11 26.6%6900210 FF&E Reserve 2,331.82 3,086.00 (754.18) 62,200.64 67,016.00 (4,815.36) 67,015.00 4,814.36 7.2%6900800 Personal Property Taxes - - - 13,160.77 14,800.00 (1,639.23) 14,800.00 1,639.23 11.1%6900323 Insurance-Commercial 2,772.00 2,200.00 572.00 32,137.65 26,400.00 5,737.65 26,400.00 (5,737.65) -21.7%30,313.39 24,104.00 6,209.39 173,573.95 198,215.00 (24,641.05) 198,215.00 24,641.05 12.4%Annual BudgetMonth to Date Year to DateTotal-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJune 201312 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-20132012 2012 2012 2012 2012 2012Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia342 4SalesPromotion8Golf IndustryVIPCelebrityPGA Comp62 16 46 15 20 37Charity/Gift Certificate61511 428Rain/Wind Checks536Club Staff129 60 81 13 78 139LQ HS Golf8123194213 95 152 28 136 3162013 2013 2013 2013 2013 2013Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia68 83Sales24Promotion568Golf Industry2VIPCelebrityPGA Comp23 162330 60 52Charity/Gift Certificate8142216 9 14Rain/Wind Checks10 111111 5 5Club Staff132 5662102 136 87LQ HS Golf64 101 167 131 28 12248 210 285 294 252 18113 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013June 2013 Date Time Description CategoryPlayers6/12/2013 8:30-8:37 SCGA Raters Promo 86/29/2013 10:00 Kris Long - CBS2 Anchor Media 314