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12 June 2014 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2013 – June 2014 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Variance Report 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 Revenue31,686.32 154,289.00 (122,602.68) -79.5% 2,914,629.38 3,294,268.00 (379,638.62) 3,294,267.00 379,637.62 88%401000 Miscellaneous Golf Revenue6,355.00 8,460.00 (2,105.00) -24.9% 359,249.00 302,481.00 56,768.00 302,480.00 (56,769.00) 119%410000 Revenue-Golf Shop4,645.51 14,700.00 (10,054.49) -68.4% 209,127.51 279,586.00 (70,458.49) 279,585.00 70,457.49 75%420000 Revenue-F&B Concession500.00 500.00 - 0.0%12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income1.89 - 1.89 0.0%10.37 - 10.37 - (10.37) 0%Total Income43,188.72 177,949.00 (134,760.28) -75.7% 3,495,016.26 3,888,335.00 (393,318.74) 3,888,332.00 393,315.74 90%Cost of Goods Sold510000 COS-Golf Shop 2,800.95 7,802.00 (5,001.05) 64.1% 120,142.11 148,388.30 28,246.19 148,390.00 28,247.89 81%Total COS2,800.95 7,802.00 (5,001.05) 64.1% 120,142.11 148,388.30 28,246.19 148,390.00 28,247.89 81%Gross Profit40,387.77 170,147.00 (129,759.23) -76.3% 3,374,874.15 3,739,946.70 (365,072.55) 3,739,942.00 365,067.85 90%Expenses610000 Golf Pro Shop 14,607.32 17,919.00 3,311.68 18.5% 188,401.82 219,668.00 31,266.18 219,668.00 31,266.18 86%630000 Course Maintenance105,638.12 116,390.00 10,751.88 9.2% 1,684,232.87 1,684,328.00 95.13 1,684,328.00 95.13 100%633000 Maintenance Water & Energy20,087.81 28,040.00 7,952.19 28.4% 205,705.68 223,629.00 17,923.32 223,629.00 17,923.32 92%640000 Outside Services12,847.15 16,407.00 3,559.85 21.7% 260,824.04 281,188.00 20,363.96 281,188.00 20,363.96 93%650000 Clubhouse11,051.65 11,036.00 (15.65) -0.1% 136,441.83 131,732.00 (4,709.83) 131,732.00 (4,709.83) 104%660000 Marketing14,427.31 10,459.00 (3,968.31) -37.9% 241,118.82 239,555.00 (1,563.82) 239,555.00 (1,563.82) 101%670000 General & Administrative24,875.10 27,181.00 2,305.90 8.5% 312,739.56 323,543.00 10,803.44 323,543.00 10,803.44 97%680000 Leases16,487.99 18,890.00 2,402.01 12.7% 193,280.19 226,680.00 33,399.81 226,680.00 33,399.81 85%690000 Miscellaneous Other Expense11,707.75 13,286.00 1,578.25 11.9% 200,505.08 203,086.00 2,580.92 203,086.00 2,580.92 99%Total Expenses231,730.20 259,608.00 27,877.80 10.7% 3,423,249.89 3,533,409.00 110,159.11 3,533,409.00 110,159.11 97%(191,342.43) (89,461.00) (101,881.43) -113.9%(48,375.74) 206,537.70 (254,913.44) 206,533.00 254,908.74 -23%Rounds of Golf PlayedPaid Rounds Played1,040 2,450 (1,410) -57.6%43,610 46,710 (3,100) 46,710 3,100 93%Ave $ Per Paid Round Green Fee30.47 62.98 (32.51) -51.6%66.83 70.53 (3.69) 70.53 3.69 95%Ave $ Per Paid Round Merchandise4.47 6.00 (1.53) -25.6%4.80 5.99 (1.19) 5.99 1.19 80%Ave $ Per Paid Miscellaneous 6.11 3.45 2.66 77.0%8.24 6.48 1.76 6.48 (1.76) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJune 20141 Sales and Cost of SalesActualBudgetVariance$31,686.32 $154,289.00(122,602.68)Unfavorable: Due to CVWD's canal re-alignment project, the back 9 was closed which limited play to the front 9 only. This resulted in decreased rounds rounds & revenue. ActualBudgetVariance$6,355.00$8,460.00(2,105.00)Unfavorable: Due to CVWD's canal re-alignment project, the back 9 was closed which limited play to the front 9 only. This also resulted in decreased driving range income and reduced club rental from reduced rounds of golf played. .ActualBudgetVariance$4,645.51$14,700.00(10,054.49)Unfavorable: Due to CVWD's canal re-alignment project, the back 9 was closed which limited play to the front 9 only. Rounds of golf were down which directly impacts merchandise sales. ExpensesPro Shop Cost of SalesActualBudgetVariance$2,800.95$7,802.00(5,001.05)60.29%53.07%7.22%Unfavorable: Due to end of season discounts on apparel and hardgoods. ActualBudgetVariance$14,607.32 $17,919.00(3,311.68)Favorable: Due to reduced salaries and benefits in an effort to reduce payroll. Also, reduced cost of seminars and training.ActualBudgetVariance$20,087.81 $28,040.00(7,952.19)Favorable: Electricity reduced due to reducing water pump run times for the water features. ActualBudgetVariance$12,847.15 $16,407.00(3,559.85)Favorable: Due to reduced salaries and benefits as result of fewer rounds played as a result of canal reconstruction.ActualBudgetVariance$14,427.31 $10,459.003,968.31Unfavorable: Due to timing of Kiner Communications invoice for advertising.General and AdministrativeActualBudgetVariance$24,875.10 $27,181.00(2,305.90)Favorable: Due to reduced salaries and benefits as a result of canal reconstruction.ActualBudgetVariance$16,487.99 $18,890.00(2,402.01)Favorable: Reduced monthly cost for due to renewed GPS and golf cart lease contracts.ActualBudgetVariance$11,707.75 $13,286.00(1,578.25)Favorable: With reduced rounds and revenue while undergoing the canal project, the FF&E reserve is reduce based ontotal revenue for green fees.LeasesMiscellaneous Other ExpensesVariance ExplanationJune 2014Pro Shop Merchandise SalesThe explanation of variance from budget shown below provide details of variances by revenue and expensecatagories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations areRevenue FeesMarketingprovided for those cost of sales percentage that are greater than 5%.Golf ShopWater & EnergyCartbarn-Course ServicesMisc Golf Revenue2 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees31,686.32 154,289.00 (122,602.68) 2,914,629.38 3,294,268.00 (379,638.62) 3,294,267.00379,637.6288%4010000 Rider Fee400.00 245.00 155.00 9,675.00 7,701.00 1,974.00 7,700.00-1,975.00126%4040000 Club Rental 410.00 1,225.00 (815.00) 20,814.00 23,355.00 (2,541.00) 23,355.002,541.0089%4050000 Driving Range2,545.00 3,675.00 (1,130.00) 107,708.00 90,325.00 17,383.00 90,325.00-17,383.00119%4060000 Handicap Fees - - - 2,744.00 2,500.00 244.00 2,500.00-244.000%4080000 GPS Advertising- - - 500.00 2,600.00 (2,100.00) 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract- - - 4,280.00 4,000.00 280.00 4,000.00 -280.00107%4091000 Golf Professional Rental Fee - - - 55,442.75 37,000.00 18,442.75 37,000.00 -18,442.75 150%4092000 Golf Lessons- - - 1,275.25 - 1,275.25 - (1,275.25) 0%4093000 Resident Card Issue3,000.00 3,315.00 (315.00) 156,810.00 135,000.00 21,810.00 135,000.00 (21,810.00) 116% Total Revenue Fees38,041.32 162,749.00 (124,707.68) 3,273,878.38 3,596,749.00 (322,870.62) 3,461,747.00 344,678.62 90%38,041.32 162,749.00 (124,707.68) 3,273,878.38 3,596,749.00 (322,870.62) 3,461,747.00 344,678.62 90%Total IncomeMonth to DateYear to DateAnnual BudgetSilverRock ResortStatement of Fees RevenueJune 20143 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous355.00 - 355.00 3,310.13 - 3,310.13 00 0%4100110 Sales Hard Goods1,435.65 5,145.00 (3,709.35) 79,754.08 97,855.00 (18,100.92) 97,855.00 18,100.92 82%4100112 Sales-Soft Goods3,342.00 9,555.00 (6,213.00) 154,038.30 181,731.00 (27,692.70) 181,730.00 27,691.70 85%5100639 GS-Discounts-Mdse (487.14) - (487.14) (27,975.00) - (27,975.00) - 27,975.00 0% Total Revenue Golf Shop 4,645.51 14,700.00 (10,054.49) 209,127.51 279,586.00 (70,458.49) 279,585.00 73,767.62 74%COS 5100150 COS-GS-Hard Goods 1,299.40 2,829.75 (1,530.35) 47,670.90 53,820.25 (6,149.35) 53,820.25 6,149.35 89%5100151 COS-GS-Soft Goods1,417.31 5,255.25 (3,837.94) 70,099.67 99,952.05 (29,852.38) 99,951.50 29,851.83 70%5100152 COS-GS-Purchase Disc- (404.00) 404.00 (1,294.35) (7,689.00) 6,394.65 (7,689.00) (6,394.65) -17%5100220 COS-GS-Freight Merch84.24 121.00 (36.76) 3,665.89 2,305.00 1,360.89 2,307.00 (1,358.89) 159%Cost of Sales - Golf Shop2,800.95 7,802.00 (5,001.05) 120,142.11 148,388.30 (28,246.19) 148,389.75 28,247.64 81%Gross Profit1,844.56 6,898.00 (5,053.44) 88,985.40 131,197.70 (42,212.30) 131,195.25 45,519.98 65%COS %60.3% 53.1% -7.2% 57.4% 53.1% -4.4% 53.1% 38.3%28%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,616.22 2,317.00 (700.78) 23,536.46 26,811.00 (3,274.54) 26,811.00 3,274.54 88%6101325 Insurance-Workers Comp314.99 478.00 (163.01) 6,107.05 5,666.00 441.05 5,663.00 (444.05) 108%6101720 Salaries3,545.44 3,750.00 (204.56) 43,470.72 45,000.00 (1,529.28) 45,000.00 1,529.28 97%6101800 Taxes-Employer Payroll1,275.69 1,341.00 (65.31) 14,714.28 15,888.00 (1,173.72) 1,588.00 (13,126.28) 927%6101880 Wages-Hourly7,630.07 8,173.00 (542.93) 86,536.23 96,228.00 (9,691.77) 96,229.00 9,692.77 90%6101882 Wages-Overtime- - - 663.96 - 663.96 - 952.88 0%Total -PS-SALARIES & BENEFITS 14,382.41 16,059.00 (1,676.59) 175,028.70 189,593.00 (14,564.30) 175,291.00 1,879.14 99%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0%6103762 Supplies-Office50.95 500.00 (449.05) 1,376.99 6,000.00 (4,623.01) 6,000.00 4,623.01 23%6109090 Contract Services- 500.00 (500.00) 4,537.16 6,000.00 (1,462.84) 6,000.00 1,462.84 76%6109220 Freight & Delivery- - - 118.88 75.00 43.88 75.00 (43.88) 159%6109490 Miscellaneous- 500.00 (500.00) 1,670.03 6,000.00 (4,329.97) 6,000.00 4,329.97 28%6109150 Dues and Subscriptions- - - 1,683.00 2,300.00 (617.00) 2,300.00 617.00 73%6109500 ProShop-Over/Short(21.70) - (21.70) 11.66 - 11.66 - (11.66) 0%6109722 Seminars/Training- 35.00 (35.00) 284.88 5,890.00 (5,605.12) 5,890.00 5,605.12 5%6109810 Travel - Merchandise- 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 0%6109820 Uniforms111.47 200.00 (88.53) 2,414.18 2,400.00 14.18 2,400.00 (14.18) 101%6117840 Telephones84.19 110.00 (25.81) 1,276.34 1,320.00 (43.66) 1,320.00 43.66 0%Total PS-OTHER EXPENSES 224.91 1,860.00 (1,635.09) 13,373.12 30,075.00 (16,701.88) 30,075.00 16,701.88 44%14,607.32 17,919.00 (3,311.68) 188,401.82 219,668.00 (31,266.18) 205,366.00 18,581.02 91%Net Income(12,762.76) (11,021.00) (1,741.76) (99,416.42) (88,470.30) (10,946.12) (74,170.75) 26,938.96 -136%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementJune 20144 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,692.49 8,740.00 (1,047.51) 113,882.43 104,880.00 9,002.43 104,880.00 (9,002.43) -8.6%6311325 Insurance-Workers Comp2,742.65 2,285.00 457.65 28,649.81 27,280.00 1,369.81 27,280.00 (1,369.81) -5.0%6311720 Salaries10,620.80 11,001.60 (380.80) 133,070.40 132,019.20 1,051.20 150,996.00 17,925.60 11.9%6311800 Taxes-Employer Payroll2,710.39 6,517.00 (3,806.61) 66,020.67 77,129.00 (11,108.33) 774,129.00 708,108.33 91.5%6311880 Wages-Hourly37,616.19 44,059.40 (6,443.21) 537,280.49 537,630.80 (350.31) 518,654.00 (18,626.49) -3.6%6311882 Wages-Overtime11.63 2,869.00 (2,857.37) 15,062.95 15,945.00 (882.05) 15,945.00 882.05 5.5%Total-CM-SALARIES & BENEFITS61,394.15 75,472.00 (14,077.85) 893,966.75 894,884.00 (917.25) 1,591,884.00 697,917.25 43.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals1,461.25 - 1,461.25 25,155.98 - 25,155.98 34,600.00 9,444.02 27.3%6313744 Fertilizer2,789.67 7,000.00 (4,210.33) 112,247.41 147,100.00 (34,852.59) 112,500.00 252.59 0.2%6313745 Herbicides- - - 19,939.75 17,000.00 2,939.75 17,000.00 (2,939.75) -17.3%6313746 Flowers/Plants- - - 777.60 3,050.00 (2,272.40) 3,050.00 2,272.40 74.5%6313748 Fuel-Gasoline4,366.57 3,100.00 1,266.57 46,032.33 55,020.00 (8,987.67) 55,020.00 8,987.67 16.3%6313750 Golf Course Accessories1,076.79 100.00 976.79 13,915.95 13,000.00 915.95 13,000.00 (915.95) -7.0%6313756 POA Control242.39 - 242.39 8,577.06 7,000.00 1,577.06 7,000.00 (1,577.06) -22.5%6313758 Miscellaneous Supp457.54 100.00 357.54 9,111.43 4,350.00 4,761.43 4,350.00 (4,761.43) 0.0%6313762 Supplies-Office- - - 151.49 - 151.49 - (151.49) 0.0%6313774 Sand- 100.00 (100.00) 3,617.84 13,460.00 (9,842.16) 13,460.00 9,842.16 73.1%6313776 Seed- 350.00 (350.00) 133,342.90 106,810.00 26,532.90 106,810.00 (26,532.90) -24.8%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 6,091.34 5,000.00 1,091.34 5,000.00 (1,091.34) -21.8%6313780 Sod - 200.00 (200.00) 2,616.72 10,450.00 (7,833.28) 10,450.00 7,833.28 75.0%6313782 Topdressing 1,520.83 1,300.00 220.83 6,846.61 10,600.00 (3,753.39) 10,600.00 3,753.39 35.4%Total-CM-SUPPLIES & MATERIALS11,915.04 12,350.00 (434.96) 388,424.41 392,840.00 (4,415.59) 392,840.00 4,415.59 1.1%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 Structures197.66 250.00 (52.34) 2,756.11 5,550.00 (2,793.89) 5,550.00 2,793.89 50.3%6315690 CM-R&M-Equipment6,450.74 2,000.00 4,450.74 54,843.29 40,000.00 14,843.29 40,000.00 (14,843.29) -37.1%6315692 CM-R&M-Irrigation System1,176.74 1,000.00 176.74 19,545.89 19,050.00 495.89 19,050.00 (495.89) -2.6%6315696 CM-R&M-Pumps- - - 6,591.31 10,500.00 (3,908.69) 10,500.00 3,908.69 37.2%6315815 CM-R&M-Trees-Pruning Etc- - - 15,045.00 12,050.00 2,995.00 12,050.00 (2,995.00) -24.9%Total-CM-REPAIRS & MAINTENANCE10,655.14 5,850.00 4,805.14 132,741.60 118,350.00 14,391.60 118,350.00 (14,391.60) -12.2%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG22.03 15.00 7.03 258.59 180.00 78.59 180.00 (78.59) 0.0%6317840 Telephones1,233.25 850.00 383.25 12,491.31 10,200.00 2,291.31 10,200.00 (2,291.31) -22.5%Total-CM-UTILITIES1,255.28 865.00 390.28 12,749.90 10,380.00 2,369.90 10,380.00 (2,369.90) -22.8%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 0.0%6319100 Contract Svcs-Soil/Tissue Test- - - 4,000.00 4,000.00 - 4,000.00 - 0.0%6319102 Contract Svcs-Trash Removal1,504.92 524.00 980.92 10,959.64 6,288.00 4,671.64 6,288.00 (4,671.64) 0.0%6319150 Dues & Subscriptions665.00 100.00 565.00 1,875.00 540.00 1,335.00 540.00 (1,335.00) -247.2%6319170 Employee Education- 50.00 (50.00) 69.00 1,550.00 (1,481.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental- 100.00 (100.00) 729.52 3,400.00 (2,670.48) 3,400.00 2,670.48 78.5%6319206 Licenses & Permits- - - 4,672.00 4,180.00 492.00 4,180.00 (492.00) -11.8%6319490 Miscellaneous47.01 100.00 (52.99) 363.33 1,200.00 (836.67) 1,200.00 836.67 69.7%6319718 Safety Equipment & Training63.60 100.00 (36.40) 4,256.81 3,850.00 406.81 3,850.00 (406.81) -10.6%6319822 Uniforms994.51 920.00 74.51 12,188.07 11,040.00 1,148.07 11,040.00 (1,148.07) -10.4%Total-CM-OTHER EXPENSES3,775.04 2,394.00 1,381.04 45,113.37 42,048.00 3,065.37 42,048.00 (3,065.37) -7.3%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementJune 2014Annual Budget5 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,868.05 2,648.00 (779.95) 21,950.62 31,776.00 (9,825.38) 31,776.00 9,825.38 30.9%6321325 Insurance-Workers Comp 402.41 542.00 (139.59) 5,510.52 6,361.00 (850.48) 6,361.00 850.48 13.4%6321800 Taxes-Employer Payroll 1,437.81 1,558.00 (120.19) 17,935.18 18,095.00 (159.82) 18,094.00 158.82 0.9%6321880 Wages-Hourly 12,723.00 12,880.00 (157.00) 157,173.26 154,560.00 2,613.26 154,560.00 (2,613.26) -1.7%6321882 Wages-Overtime - 966.00 (966.00) 4,966.95 6,279.00 (1,312.05) 6,279.00 1,312.05 20.9%Total-CM-LM-SALARIES & BENEFITS16,431.27 18,594.00 (2,162.73) 207,536.53 217,071.00 (9,534.47) 217,070.00 9,533.47 4.4%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 92.04 1,025.00 (932.96) 1,025.00 932.96 91.0%6323788 Uniforms 212.20 290.00 (77.80) 2,708.27 3,480.00 (771.73) 3,480.00 771.73 22.2%Total-CM-LM-SUPPLIES & MATERIALS212.20 365.00 (152.80) 2,800.31 4,505.00 (1,704.69) 4,505.00 1,704.69 37.8%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) 900.00 4,250.00 (3,350.00) 4,250.00 3,350.00 78.8%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) 900.00 4,250.00 (3,350.00) 4,250.00 3,350.00 78.8%105,638.12 116,390.00 (10,751.88) 1,684,232.87 1,684,328.00 (95.13) 2,381,327.00 697,094.13 29.3% June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 13,957.55 21,530.00 (7,572.45) 151,406.17 178,291.00 (26,884.83) 178,291.00 26,884.83 15.1%6337842 Utilities-Water6,130.26 6,510.00 (379.74) 54,299.51 45,338.00 8,961.51 45,338.00 (8,961.51) -19.8%20,087.81 28,040.00 (7,952.19) 205,705.68 223,629.00 (17,923.32) 223,629.00 17,923.32 8.0%Silverrock ResortCourse Maintenance Expense StatementSilverrock ResortCourse Maintenance Water & EnergyJune 2014Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetJune 2014Annual BudgetMonth to DateYear to DateTotal-COURSE MAINTENANCE6 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 662.00 (662.00) 737.24 7,944.00 (7,206.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp286.85 357.00 (70.15) 6,227.17 5,093.00 1,134.17 5,092.00 (1,135.17) -22.3%6411800 Taxes-Employer Payroll436.42 1,109.00 (672.58) 15,921.46 15,809.00 112.46 15,809.00 (112.46) -0.7%6411880 Wages-Hourly6,151.56 8,910.00 (2,758.44) 117,300.19 126,982.00 (9,681.81) 126,982.00 9,681.81 7.6%6411882 Wages-Overtime30.56 - 30.56 1,487.83 - 1,487.83 - (1,487.83) 0.0%Total-CBR-SALARIES & BENEFITS6,905.39 11,038.00 (4,132.61) 141,673.89 155,828.00 (14,154.11) 155,827.00 14,153.11 9.1%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 50.00 (50.00) 889.46 1,850.00 (960.54) 1,850.00 960.54 51.9%6413742 Supplies-Expendable2,244.41 500.00 1,744.41 11,229.61 6,750.00 4,479.61 6,750.00 (4,479.61) -66.4%6413748 Supplies-Fuel for Shuttle280.00 100.00 180.00 3,221.06 3,000.00 221.06 3,000.00 (221.06) -7.4%6413752 Supplies-Range Balls- - - 9,170.00 9,000.00 170.00 9,000.00 (170.00) -1.9%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) 39.83 420.00 (380.17) 420.00 380.17 90.5%6413786 Supplies-Towels320.00 72.00 248.00 3,919.50 2,182.00 1,737.50 2,182.00 (1,737.50) -79.6%6413796 Supplies-Bottled Water63.20 50.00 13.20 15,470.67 16,500.00 (1,029.33) 16,500.00 1,029.33 6.2%Total-CBR-SUPPLIES & MATERIALS2,907.61 892.00 2,015.61 43,940.13 40,227.00 3,713.13 40,227.00 (3,713.13) -9.2%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 48.80 300.00 (251.20) 1,128.65 3,600.00 (2,471.35) 3,600.00 2,471.35 68.6%6415695 CBR-R&M-Cart Maintenance & Repair 2.00 500.00 (498.00) 2,633.23 6,450.00 (3,816.77) 6,450.00 3,816.77 59.2%Total-CBR-REPAIRS & MAINTENANCE 50.80 800.00 (749.20) 3,761.88 10,050.00 (6,288.12) 10,050.00 6,288.12 62.6%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 401.32 800.00 (398.68) 8,750.34 9,600.00 (849.66) 9,600.00 849.66 8.9%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous- 125.00 (125.00) 418.13 1,150.00 (731.87) 1,150.00 731.87 63.6%6419820 Uniforms182.46 200.00 (17.54) 3,754.82 5,200.00 (1,445.18) 5,200.00 1,445.18 27.8%Total-CBR-OTHER EXPENSES 583.78 1,125.00 (541.22) 12,923.29 16,400.00 (3,476.71) 16,400.00 3,476.71 21.2%TOTAL-CARTS,BAGROOM & RANGE10,447.58 13,855.00 (3,407.42) 202,299.19 222,505.00 (20,205.81) 222,504.00 20,204.81 9.1%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp133.75 82.00 51.75 2,866.12 1,905.00 961.12 1,903.00 (963.12) -50.6%6431800 Taxes-Employer Payroll265.82 230.00 35.82 6,970.21 5,343.00 1,627.21 5,339.00 (1,631.21) -30.6%6431880 Wages-Hourly2,000.00 2,040.00 (40.00) 45,605.38 47,460.00 (1,854.62) 47,460.00 1,854.62 3.9%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS2,399.57 2,352.00 47.57 55,441.71 54,708.00 733.71 54,702.00 (739.71) -1.4%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 75.00 (75.00) 145.86 1,050.00 (904.14) 1,050.00 904.14 86.1%6439490 Miscellaneous- - - 268.33 200.00 68.33 200.00 (68.33) -34.2%6439718 Safety Equipment & Training- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) 2,668.95 2,125.00 543.95 2,125.00 (543.95) -25.6%Total-CS-OTHER EXPENSES - 200.00 (200.00) 3,083.14 3,975.00 (891.86) 3,975.00 891.86 22.4%Total-COURSE SERVICES2,399.57 2,552.00 (152.43) 58,524.85 58,683.00 (158.15) 58,677.00 152.15 0.3%12,847.15 16,407.00 (3,559.85) 260,824.04 281,188.00 (20,363.96) 281,181.00 19,465.10 6.9%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJune 2014Annual Budget7 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable327.99 400.00 (72.01) 3,078.43 4,800.00 (1,721.57) 4,800.00 1,721.57 35.9%Total-CH-SUPPLIES & MATERIALS327.99 400.00 (72.01) 3,078.43 4,800.00 (1,721.57) 4,800.00 1,721.57 35.9%65-CH-UTILITIES6507836 Utilities-Natural Gas- 300.00 (300.00) 5,463.93 3,600.00 1,863.93 3,600.00 (1,863.93) -51.8%6507840 Utilities-Telephone1,382.03 1,150.00 232.03 16,725.63 13,800.00 2,925.63 13,800.00 (2,925.63) -21.2%6507842 Utilities-Water734.77 321.00 413.77 8,705.53 3,852.00 4,853.53 3,852.00 (4,853.53) -126.0%6507844 Utilities-Cable862.87 340.00 522.87 5,645.72 4,080.00 1,565.72 4,080.00 (1,565.72) -38.4%Total-CH-UTILITIES2,979.67 2,111.00 868.67 36,540.81 25,332.00 11,208.81 25,332.00 (11,208.81) -44.2%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,825.00 (75.00) 22,155.00 22,500.00 (345.00) 22,500.00 345.00 1.5%6509099 Contract Services-Security5,573.34 4,900.00 673.34 62,815.11 60,400.00 2,415.11 60,400.00 (2,415.11) -4.0%6509215 Flowers & Decorations- 400.00 (400.00) 317.50 1,900.00 (1,582.50) 1,900.00 1,582.50 83.3%6509490 Miscellaneous- 200.00 (200.00) 788.26 2,400.00 (1,611.74) 2,400.00 1,611.74 67.2%6509718 Safety Equipment & Training- 100.00 (100.00) 386.04 1,200.00 (813.96) 1,200.00 813.96 67.8%Total-CH-OTHER EXPENSES7,323.34 7,425.00 (101.66) 86,461.91 88,400.00 (1,938.09) 88,400.00 1,938.09 2.2%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures399.08 300.00 99.08 4,507.39 3,600.00 907.39 3,600.00 (907.39) -25.2%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 3,301.62 4,800.00 (1,498.38) 4,800.00 1,498.38 31.2%6515690 CH-R&M-Equipment Repair21.57 400.00 (378.43) 2,551.67 4,800.00 (2,248.33) 4,800.00 2,248.33 46.8%Total-CH-REPAIRS & MAINTENANCE420.65 1,100.00 (679.35) 10,360.68 13,200.00 (2,839.32) 13,200.00 2,839.32 21.5%11,051.65 11,036.00 15.65 136,441.83 131,732.00 4,709.83 131,732.00 5,678.64 4.3%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJune 2014Annual Budget8 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group373.61 331.00 42.61 4,333.37 3,972.00 361.37 3,972.00 (361.37) -9.1%6601325 Insurance-Workers Comp101.49 101.00 0.49 1,172.35 1,212.00 (39.65) 1,207.00 34.65 2.9%6601720 Salaries 3,050.44 2,508.00 542.44 27,801.50 30,096.00 (2,294.50) 30,096.00 2,294.50 7.6%6601800 Taxes-Employer Payroll183.56 282.00 (98.44) 3,259.89 3,384.00 (124.11) 3,386.00 126.11 3.7%Total-MKT-SALARIES & BENEFITS3,709.10 3,222.00 487.10 36,567.11 38,664.00 (2,096.89) 38,661.00 2,093.89 5.4%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office- 100.00 (100.00) 1,079.41 1,200.00 (120.59) 1,200.00 120.59 10.0%6603768 Supplies-Printing & Stationery136.47 125.00 11.47 6,056.90 4,425.00 1,631.90 4,425.00 (1,631.90) -36.9%136.47 225.00 (88.53) 7,136.31 5,625.00 1,511.31 5,625.00 (1,511.31) -26.9%66-MKT-UTILITIES6607840 Utilities-Telephone58.08 100.00 (41.92) 693.97 1,200.00 (506.03) 1,200.00 506.03 42.2%Total-MKT-UTILITIES58.08 100.00 (41.92) 693.97 1,200.00 (506.03) 1,200.00 506.03 42.2%66-MKT-OTHER EXPENSES6609010 Advertising10,424.66 5,562.00 4,862.66 180,923.52 179,231.00 1,692.52 179,231.00 (1,692.52) -0.9%6609040 Business Meals- - - - - - 300.00 300.00 100.0%6609080 Collateral Material - 1,000.00 (1,000.00) 9,414.48 5,500.00 3,914.48 5,500.00 (3,914.48) -71.2%6609102 Contract Services-Web Page 99.00 150.00 (51.00) 1,188.00 1,800.00 (612.00) 1,800.00 612.00 34.0%6609490 Miscellaneous - - - 75.78 350.00 (274.22) 350.00 274.22 78.3%6609620 Postage - 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) 258.45 300.00 (41.55) 2,000.00 1,741.55 0.0%6609633 Promotion-Community - 125.00 (125.00) 1,728.09 2,950.00 (1,221.91) 2,250.00 521.91 23.2%6609634 Promotion-Media/Vendor - - - 1,937.77 2,000.00 (62.23) 700.00 (1,237.77) -176.8%6609150 Dues and Subscriptions - - - 110.00 735.00 (625.00) 735.00 625.00 85.0%6609820 Uniforms- - - 1,085.34 600.00 485.34 600.00 (485.34) -80.9%Total-MKT-OTHER EXPENSES10,523.66 6,912.00 3,611.66 196,721.43 194,066.00 2,655.43 194,066.00 (2,655.43) -1.4%14,427.31 10,459.00 3,968.31 241,118.82 239,555.00 1,563.82 239,552.00 (1,566.82) -0.7%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJune 2014Annual Budget9 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,332.83 1,458.00 (125.17) 17,892.11 17,496.00 396.11 17,496.00 (396.11) -2.3%6701325 Insurance-Workers Comp707.13 708.00 (0.87) 6,560.63 8,496.00 (1,935.37) 8,493.00 1,932.37 22.8%6701720 Salaries14,229.60 15,050.00 (820.40) 176,877.75 180,600.00 (3,722.25) 183,961.00 7,083.25 3.9%6701800 Taxes-Employer Payroll1,234.10 1,986.00 (751.90) 18,177.33 23,832.00 (5,654.67) 23,827.00 5,649.67 23.7%6701880 Wages-Hourly2,562.50 2,600.00 (37.50) 30,318.09 31,200.00 (881.91) 27,835.00 (2,483.09) -8.9%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,066.16 21,802.00 (1,735.84) 249,825.91 261,624.00 (11,798.09) 261,612.00 11,786.09 4.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer199.00 800.00 (601.00) 6,608.32 6,300.00 308.32 6,300.00 (308.32) -4.9%6703762 Supplies-Office232.61 150.00 82.61 1,797.02 1,800.00 (2.98) 1,800.00 2.98 0.2%6703768 Supplies-Printing & Stationery163.09 400.00 (236.91) 1,978.82 3,300.00 (1,321.18) 3,300.00 1,321.18 40.0%Total-G&A-SUPPLIES & MATERIALS594.70 1,350.00 (755.30) 10,384.16 11,400.00 (1,015.84) 11,400.00 1,015.84 8.9%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 559.75 1,900.00 (1,340.25) 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 559.75 1,900.00 (1,340.25) 1,900.00 1,340.25 70.5%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) 1,312.00 1,700.00 (388.00) 1,700.00 388.00 22.8%6709180 Employee Recruiting/Relocation- - - 1,097.84 1,400.00 (302.16) 1,400.00 302.16 21.6%6709197 Equipment Rental521.05 550.00 (28.95) 6,930.09 6,600.00 330.09 6,600.00 (330.09) -5.0%6709202 Fees-Bank166.16 90.00 76.16 2,068.52 1,080.00 988.52 1,080.00 (988.52) -91.5%6709208 Fees-Payroll Processing1,157.51 1,200.00 (42.49) 15,873.94 14,400.00 1,473.94 14,400.00 (1,473.94) -10.2%6709220 Freight/Delivery400.00 39.00 361.00 458.71 589.00 (130.29) 600.00 141.29 23.5%6709490 Miscellaneous58.27 100.00 (41.73) 271.88 1,200.00 (928.12) 1,200.00 928.12 77.3%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services49.00 75.00 (26.00) 1,229.00 900.00 329.00 900.00 (329.00) -36.6%6709625 Professional Fees1,212.25 850.00 362.25 12,596.98 10,200.00 2,396.98 10,200.00 (2,396.98) -23.5%6709636 Promotion/Entertainment- 100.00 (100.00) 2,880.00 1,200.00 1,680.00 1,200.00 (1,680.00) -140.0%6709722 Seminars & Training250.00 200.00 50.00 1,768.61 2,400.00 (631.39) 2,400.00 631.39 26.3%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) 682.17 1,050.00 (367.83) 1,050.00 367.83 35.0%Total-G&A-OTHER EXPENSES4,214.24 3,929.00 285.24 51,969.74 48,619.00 3,350.74 48,630.00 (3,339.74) -6.9%24,875.10 27,181.00 (2,305.90) 312,739.56 323,543.00 (10,803.44) 323,542.00 10,802.44 3.3%SilverRock ResortGeneral & Administrative Expense StatementJune 2014Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateAnnual Budget10 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,072.52 12,075.00 (2,002.48) 116,016.56 144,900.00 (28,883.44) 144,900.00 28,883.44 19.9%6800194 Equipment Leases-Trailer 660.00 600.00 60.00 6,491.32 7,200.00 (708.68) 7,200.00 708.68 9.8%6800196 Equipment Leases-GPS4,175.20 5,755.00 (1,579.80) 56,724.80 69,060.00 (12,335.20) 69,060.00 12,335.20 17.9%6800197 Equipment Leases-Others 1,580.27 460.00 1,120.27 14,047.51 5,520.00 8,527.51 5,520.00 (8,527.51) 0.0%16,487.99 18,890.00 (2,402.01) 193,280.19 226,680.00 (33,399.81) 226,680.00 33,399.81 14.7%f69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee8,000.00 8,000.00 - 96,000.00 96,000.00 - 96,000.00 - 0.0%6900210 FF&E Reserve627.48 3,086.00 (2,458.52) 58,286.39 65,886.00 (7,599.61) 65,885.00 7,598.61 11.5%6900800 Personal Property Taxes - - - 8,285.36 14,800.00 (6,514.64) 14,800.00 6,514.64 44.0%6900323 Insurance-Commercial 3,080.27 2,200.00 880.27 37,933.33 26,400.00 11,533.33 26,400.00 (11,533.33) -43.7%11,707.75 13,286.00 (1,578.25) 200,505.08 203,086.00 (2,580.92) 203,085.00 2,579.92 1.3%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJune 2014Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2013‐20142013 2013 2013 2013 2013 2013Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4627SalesPromotion4Golf Industry44VIPCelebrityPGA Comp61413962038Charity/Gift Certificate13622322Rain/Wind Checks642Club Staff904236164175LQ HS Golf8625251130180 105 10847101 1782014 2014 2014 2014 2014 2014Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia2414Sales2Promotion1610Golf Industry364VIPCelebrityPGA Comp262926561011Charity/Gift Certificate523 7 4Rain/Wind Checks1511112Club Staff755172917275LQ HS Golf9 126760134 103 175 259 1009212