Loading...
12 June 2015 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2014 – June 2015 Fiscal Year End 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 Revenue117,077.17 140,140.00 (23,062.83) -16.5% 2,918,722.59 3,043,761.00 (125,038.41) 3,043,760.00 125,037.41 96%401000 Miscellaneous Golf Revenue7,744.50 8,460.00 (715.50) -8.5% 383,211.98 295,315.00 87,896.98 295,315.00 (87,896.98) 130%410000 Revenue-Golf Shop10,315.37 14,701.00 (4,385.63) -29.8% 235,196.34 258,682.00 (23,485.66) 258,680.00 23,483.66 91%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income1.69 - 1.69 0.0%19.52 - 19.52 - (19.52) 0%Total Income135,638.73 163,801.00 (28,162.27) -17.2% 3,549,150.43 3,609,758.00 (60,607.57) 3,609,755.00 60,604.57 98%Cost of Goods Sold510000 COS-Golf Shop6,210.40 8,228.58 (2,018.18) 24.5% 135,703.24 144,783.56 9,080.32 144,783.40 9,080.16 94%Total COS6,210.40 8,228.58 (2,018.18) 24.5% 135,703.24 144,783.56 9,080.32 144,783.40 9,080.16 94%Gross Profit129,428.33 155,572.42 (26,144.09) -16.8% 3,413,447.19 3,464,974.44 (51,527.25) 3,464,971.60 51,524.41 99%Expenses610000 Golf Pro Shop 16,785.90 17,417.00 (631.10) 3.6% 188,647.03 204,190.00 (15,542.97) 204,190.00 15,542.97 92%630000 Course Maintenance116,943.26 117,793.00 (849.74) 0.7% 1,649,555.18 1,697,652.00 (48,096.82) 1,697,652.00 48,096.82 97%633000 Maintenance Water & Energy22,451.71 28,040.00 (5,588.29) 19.9% 212,898.30 223,629.00 (10,730.70) 223,629.00 10,730.70 95%640000 Outside Services21,595.01 17,568.00 4,027.01 -22.9% 284,929.01 285,234.00 (304.99) 285,234.00 304.99 100%650000 Clubhouse12,097.89 11,036.00 1,061.89 -9.6% 137,757.81 131,732.00 6,025.81 131,732.00 (6,025.81) 105%660000 Marketing16,835.80 10,506.00 6,329.80 -60.2% 239,114.99 239,875.00 (760.01) 239,875.00 760.01 100%670000 General & Administrative25,063.88 27,484.00 (2,420.12) 8.8% 308,094.71 320,752.00 (12,657.29) 320,052.00 11,957.29 96%680000 Leases22,747.65 22,550.00 197.65 -0.9% 243,829.46 246,850.00 (3,020.54) 246,850.00 3,020.54 99%690000 Miscellaneous Other Expense13,327.30 13,003.00 324.30 -2.5% 203,018.82 198,074.00 4,944.82 198,074.00 (4,944.82) 102%Total Expenses267,848.40 265,397.00 2,451.40 -0.9% 3,467,845.31 3,547,988.00 80,142.69 3,547,288.00 79,442.69 98%(138,420.07) (109,824.58) (28,595.49) -26.0%(54,398.12) (83,013.56) 28,615.44 (82,316.40) (27,918.28) 0%Rounds of Golf PlayedPaid Rounds Played2,351 2,450 (99) -4.0%41,904 41,100 804 41,100 (804) 102%Ave $ Per Paid Round Green Fee49.80 57.20 (7.40) -12.9%69.65 74.06 (4.40) 74.06 4.40 94%Ave $ Per Paid Round Merchandise4.39 6.00 (1.61) -26.9%5.61 6.29 (0.68) 6.29 0.68 89%Ave $ Per Paid Miscellaneous 3.29 3.45 (0.16) -4.6%9.14 7.19 1.96 7.19 (1.96) 127%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJune 20151 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees117,077.17 140,140.00 (23,062.83) 2,918,722.59 3,043,761.00 (125,038.41) 3,043,760.00 125,037.41 4.1%4010000 Rider Fee472.50 245.00 227.50 9,322.50 7,230.00 2,092.50 7,230.00 (2,092.50) -28.9%4040000 Club Rental610.00 1,225.00 (615.00) 25,697.00 20,550.00 5,147.00 20,550.00 (5,147.00) -25.0%4050000 Driving Range3,180.00 3,675.00 (495.00) 104,855.00 86,435.00 18,420.00 86,435.00 (18,420.00) -21.3%4060000 Handicap Fees467.00 - 467.00 3,220.00 2,500.00 720.00 2,500.00 (720.00) -28.8%4080000 GPS Advertising- - - - 2,600.00 (2,600.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract - - - 3,208.60 4,000.00 (791.40) 4,000.00 791.40 19.8%4091000 Golf Professional Rental Fee- - - 55,413.88 37,000.00 18,413.88 37,000.00 (18,413.88) -49.8%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue3,015.00 3,315.00 (300.00) 181,495.00 135,000.00 46,495.00 135,000.00 (46,495.00) -34.4% Total Revenue Fees124,821.67 148,600.00 (23,778.33) 3,301,934.57 3,339,076.00 (37,141.43) 3,339,075.00 37,140.43 1.1%124,821.67 148,600.00 (23,778.33) 3,301,934.57 3,339,076.00 (37,141.43) 3,339,075.00 37,140.43 1.1%SilverRock ResortStatement of Fees RevenueJune 2015Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$117,126.17 $140,140.00 (23,013.83)Unfavorable: A temporary green was required on hole #17 from June 15 through the end of June. The green was rebuilt as a result of the 2014 August rain storm. The cost of the repair was covered by insurance. Despite running specials and decreasing green fee rates, the temporary green detoured some golfers. As a result, green fee revenue was down significantly for the month of June (16.5%). YTD green fee revenue was down due to the flooding in September which closed the course for several daysand required a month of clean up to restore the course, except for #17 green.ActualBudgetVariance$10,315.37 $14,701.00 (4,385.63)Unfavorable: Due to reduced rounds of golf as well as the value of the Canadian currencies have drop significantly in the past year, thus reducing spending. YTD, merchandiserevenue was down $23,485 compared to budget.ExpensesActualBudgetVariance$22,451.71 $28,040.00 (5,588.29)Favorable: Due to reduced hours of running the water features as well as reducing the golf course irrigation demand in an effort to reduce water usage, especially during this drought.ActualBudgetVariance$21,595.01$17,568.004,027.01Unfavorable: Due to the purchase of a new ball washer for the Range. The replaced washer was the original piece of equipment dating back to 2004. This was not budgeted for in the Annual Plan. YTD, Course Services was right inline with the budget.ActualBudgetVariance$16,835.80 $10,506.00 6,329.80Unfavorable: Variance due to timing of invoices. Year to date actual is in line with budgeted amount. MarketingWater & EnergyCartbarn-Course ServicesVariance ExplanationJune 2015The 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%.Golf Green Fee RevenuePro Shop Merchandise Sales3 Income June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 147.89 - 147.89 4,672.82 - 4,672.82 00 0%4100110 Sales Hard Goods5,366.80 5,146.00 220.80 80,108.65 90,540.00 (10,431.35) 90,538.00 10,429.35 11.5%4100112 Sales-Soft Goods6,480.00 9,555.00 (3,075.00) 184,670.20 168,142.00 16,528.20 168,142.00 (16,528.20) -9.8%5100639 GS-Discounts-Mdse (1,679.32) - (1,679.32) (34,255.33) - (34,255.33) - 34,255.33 0.0% Total Revenue Golf Shop10,315.37 14,701.00 (4,385.63) 235,196.34 258,682.00 (23,485.66) 258,680.00 28,156.48 10.9%COS 5100150 COS-GS-Hard Goods 2,928.17 2,984.68 (56.51) 48,644.66 52,513.20 (3,868.54) 52,512.04 3,867.38 7.4%5100151 COS-GS-Soft Goods 2,976.52 5,541.90 (2,565.38) 83,666.35 97,522.36 (13,856.01) 97,522.36 13,856.01 14.2%5100152 COS-GS-Purchase Disc (15.88) (426.00) 410.12 (268.32) (7,503.00) 7,234.68 (7,502.00) (7,233.68) 96.4%5100220 COS-GS-Freight Merch 321.59 128.00 193.59 3,660.55 2,251.00 1,409.55 2,251.00 (1,409.55) -62.6%Cost of Sales - Golf Shop6,210.40 8,228.58 (2,018.18) 135,703.24 144,783.56 (9,080.32) 144,783.40 9,080.16 6.3%Gross Profit4,104.97 6,472.42 (2,367.45) 99,493.10 113,898.44 (14,405.34) 113,896.60 19,076.32 16.7%COS %60.2% 56.0% -4.2% 57.7% 56.0% -1.7% 53.1% 32.2% 60.8%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group2,200.00 2,387.00 (187.00) 22,573.49 27,621.00 (5,047.51) 27,621.00 5,047.51 18.3%6101325 Insurance-Workers Comp 1,428.59 447.00 981.59 5,346.59 5,062.00 284.59 5,062.00 (284.59) -5.6%6101720 Salaries3,797.70 3,750.00 47.70 47,135.17 45,000.00 2,135.17 45,000.00 (2,135.17) -4.7%6101800 Taxes-Employer Payroll 821.08 1,550.00 (728.92) 15,208.56 17,562.00 (2,353.44) 17,562.00 2,353.44 13.4%6101880 Wages-Hourly7,666.30 8,173.00 (506.70) 84,490.34 90,070.00 (5,579.66) 90,070.00 5,579.66 6.2%6101882 Wages-Overtime120.66 - 120.66 742.72 - 742.72 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,034.33 16,307.00 (272.67) 175,496.87 185,315.00 (9,818.13) 185,315.00 11,513.73 6.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office37.25 250.00 (212.75) 1,885.38 3,000.00 (1,114.62) 3,000.00 1,114.62 37.2%6109220 Freight & Delivery- - - 652.32 75.00 577.32 75.00 (577.32) -769.8%6109490 Miscellaneous500.00 500.00 - 5,451.51 6,000.00 (548.49) 6,000.00 548.49 9.1%6109150 Dues and Subscriptions- - - 1,532.00 2,300.00 (768.00) 2,300.00 768.00 33.4%6109500 ProShop-Over/Short(5.04) - (5.04) (20.78) - (20.78) - 20.78 0.0%6109722 Seminars/Training- 35.00 (35.00) 407.20 3,690.00 (3,282.80) 3,690.00 3,282.80 89.0%6109810 Travel - Merchandise- 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 100.0%6109820 Uniforms154.26 200.00 (45.74) 2,357.40 2,400.00 (42.60) 2,400.00 42.60 1.8%6117840 Telephones65.10 110.00 (44.90) 885.13 1,320.00 (434.87) 1,320.00 434.87 32.9%751.57 1,110.00 (358.43) 13,150.16 18,875.00 (5,724.84) 18,875.00 5,724.84 30.3%16,785.90 17,417.00 (631.10) 188,647.03 204,190.00 (15,542.97) 204,190.00 17,238.57 8.4%Net Income(12,680.93) (10,944.58) (1,736.35) (89,153.93) (90,291.56) 1,137.63 (90,293.40) 1,837.75 -2.0%SilverRock ResortGolf Shop Income StatementJune 2015Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group5,397.04 8,990.00 (3,592.96) 104,752.11 107,880.00 (3,127.89) 107,880.00 3,127.89 2.9%6311325 Insurance-Workers Comp4,859.70 2,137.00 2,722.70 33,678.46 24,794.00 8,884.46 24,794.00 (8,884.46) -35.8%6311720 Salaries10,620.80 11,001.60 (380.80) 131,718.54 132,019.20 (300.66) 132,019.20 300.66 0.2%6311800 Taxes-Employer Payroll5,934.91 7,531.00 (1,596.09) 64,075.97 86,638.00 (22,562.03) 86,638.00 22,562.03 26.0%6311880 Wages-Hourly43,255.86 44,059.40 (803.54) 503,307.19 518,478.80 (15,171.61) 518,478.80 15,171.61 2.9%6311882 Wages-Overtime- 2,869.00 (2,869.00) 8,755.90 15,945.00 (7,189.10) 15,945.00 7,189.10 45.1%Total-CM-SALARIES & BENEFITS70,068.31 76,588.00 (6,519.69) 846,288.17 885,755.00 (39,466.83) 885,755.00 39,466.83 4.5%63-CM-SUPPLIES & MATERIALS6313734 Chemicals2,490.99 2,000.00 490.99 46,652.85 34,600.00 12,052.85 34,600.00 (12,052.85) -34.8%6313744 Fertilizer4,187.44 5,000.00 (812.56) 106,507.68 112,500.00 (5,992.32) 112,500.00 5,992.32 5.3%6313745 Herbicides- - - 23,416.62 17,000.00 6,416.62 17,000.00 (6,416.62) -37.7%6313746 Flowers/Plants97.84 - 97.84 579.22 3,050.00 (2,470.78) 3,050.00 2,470.78 81.0%6313748 Fuel-Gasoline3,069.25 3,100.00 (30.75) 46,485.26 55,020.00 (8,534.74) 55,020.00 8,534.74 15.5%6313750 Golf Course Accessories125.52 100.00 25.52 14,201.89 13,000.00 1,201.89 13,000.00 (1,201.89) -9.2%6313756 POA Control- - - 3,739.65 7,000.00 (3,260.35) 7,000.00 3,260.35 46.6%6313758 Miscellaneous Supp702.27 100.00 602.27 11,769.36 4,350.00 7,419.36 4,350.00 (7,419.36) -170.6%6313762 Supplies-Office- - - - - - - - 0.0%6313774 Sand- 100.00 (100.00) 5,348.30 13,460.00 (8,111.70) 13,460.00 8,111.70 60.3%6313776 Seed- 350.00 (350.00) 132,291.96 125,900.00 6,391.96 125,900.00 (6,391.96) -5.1%6313778 Small Tools & Non-Capital Equip 320.44 100.00 220.44 6,998.00 5,000.00 1,998.00 5,000.00 (1,998.00) -40.0%6313780 Sod5,531.37 200.00 5,331.37 10,004.45 10,450.00 (445.55) 10,450.00 445.55 4.3%6313782 Topdressing773.36 1,300.00 (526.64) 1,542.11 10,600.00 (9,057.89) 10,600.00 9,057.89 85.5%Total-CM-SUPPLIES & MATERIALS17,298.48 12,350.00 4,948.48 409,537.35 411,930.00 (2,392.65) 411,930.00 2,392.65 0.6%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 33,930.00 31,200.00 2,730.00 31,200.00 (2,730.00) -8.8%6315685 CM-R&M-Bldngs & Othr Structures 144.50 250.00 (105.50) 8,942.24 5,550.00 3,392.24 5,550.00 (3,392.24) -61.1%6315690 CM-R&M-Equipment2,386.59 2,000.00 386.59 44,801.59 40,000.00 4,801.59 40,000.00 (4,801.59) -12.0%6315692 CM-R&M-Irrigation System1,433.54 1,000.00 433.54 16,963.09 19,050.00 (2,086.91) 19,050.00 2,086.91 11.0%6315696 CM-R&M-Pumps- - - 13,587.94 10,500.00 3,087.94 10,500.00 (3,087.94) -29.4%6315815 CM-R&M-Trees-Pruning Etc- - - 12,770.00 12,050.00 720.00 12,050.00 (720.00) -6.0%Total-CM-REPAIRS & MAINTENANCE6,794.63 5,850.00 944.63 130,994.86 118,350.00 12,644.86 118,350.00 (12,644.86) -10.7%6317836 Utilities-Natural Gas/LPG 20.68 15.00 5.68 761.47 180.00 581.47 180.00 (581.47) 0.0%6317840 Telephones748.78 850.00 (101.22) 12,635.28 10,200.00 2,435.28 10,200.00 (2,435.28) -23.9%Total-CM-UTILITIES769.46 865.00 (95.54) 13,396.75 10,380.00 3,016.75 10,380.00 (3,016.75) -29.1%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 9,781.98 6,288.00 3,493.98 6,288.00 (3,493.98) -55.6%6319150 Dues & Subscriptions670.00 100.00 570.00 2,006.20 540.00 1,466.20 540.00 (1,466.20) -271.5%6319170 Employee Education- 50.00 (50.00) 392.60 1,550.00 (1,157.40) 1,550.00 1,157.40 74.7%6319197 Equipment Rental- 100.00 (100.00) 915.57 3,400.00 (2,484.43) 3,400.00 2,484.43 73.1%6319206 Licenses & Permits- - - 5,365.86 4,180.00 1,185.86 4,180.00 (1,185.86) -28.4%6319490 Miscellaneous1,539.31 100.00 1,439.31 3,727.23 1,200.00 2,527.23 1,200.00 (2,527.23) -210.6%6319718 Safety Equipment & Training349.36 100.00 249.36 6,337.70 3,850.00 2,487.70 3,850.00 (2,487.70) -64.6%6319822 Uniforms824.50 920.00 (95.50) 10,876.37 11,040.00 (163.63) 11,040.00 163.63 1.5%Total-CM-OTHER EXPENSES5,388.09 2,394.00 2,994.09 49,403.51 42,048.00 7,355.51 42,048.00 (7,355.51) -17.5%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementJune 2015Annual Budget5 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,979.35 2,728.00 (748.65) 23,055.55 32,736.00 (9,680.45) 32,736.00 9,680.45 29.6%6321325 Insurance-Workers Comp1,117.01 507.00 610.01 6,451.15 5,953.00 498.15 5,953.00 (498.15) -8.4%6321800 Taxes-Employer Payroll1,037.81 1,800.00 (762.19) 16,271.23 20,906.00 (4,634.77) 20,906.00 4,634.77 22.2%6321880 Wages-Hourly11,723.00 12,880.00 (1,157.00) 148,097.20 154,560.00 (6,462.80) 154,560.00 6,462.80 4.2%6321882 Wages-Overtime- 966.00 (966.00) 2,609.09 6,279.00 (3,669.91) 6,279.00 3,669.91 58.4%Total-CM-LM-SALARIES & BENEFITS15,857.17 18,881.00 (3,023.83) 196,484.22 220,434.00 (23,949.78) 220,434.00 23,949.78 10.9%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) - 1,025.00 (1,025.00) 1,025.00 1,025.00 100.0%6323788 Uniforms306.11 290.00 16.11 2,573.01 3,480.00 (906.99) 3,480.00 906.99 26.1%Total-CM-LM-SUPPLIES & MATERIALS306.11 365.00 (58.89) 2,573.01 4,505.00 (1,931.99) 4,505.00 1,931.99 42.9%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation 461.01 500.00 (38.99) 877.31 4,250.00 (3,372.69) 4,250.00 3,372.69 79.4%Total-CM-LM-REPAIRS & MAINTENANCE461.01 500.00 (38.99) 877.31 4,250.00 (3,372.69) 4,250.00 3,372.69 79.4%116,943.26 117,793.00 (849.74) 1,649,555.18 1,697,652.00 (48,096.82) 1,697,652.00 48,096.82 2.8% June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 16,459.55 21,530.00 (5,070.45) 163,343.55 178,291.00 (14,947.45) 178,291.00 14,947.45 8.4%6337842 Utilities-Water5,992.16 6,510.00 (517.84) 49,554.75 45,338.00 4,216.75 45,338.00 (4,216.75) -9.3%22,451.71 28,040.00 (5,588.29) 212,898.30 223,629.00 (10,730.70) 223,629.00 10,730.70 4.8%Total-COURSE MAINTENANCECourse Maintenance Expense StatementJune 2015Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyJune 2015Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 8,184.00 (8,184.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp1,758.78 361.00 1,397.78 5,604.38 4,976.00 628.38 4,976.00 (628.38) -12.6%6411800 Taxes-Employer Payroll1,296.39 1,199.00 97.39 17,938.67 16,514.00 1,424.67 16,514.00 (1,424.67) -8.6%6411880 Wages-Hourly9,631.13 9,630.00 1.13 131,372.96 132,655.00 (1,282.04) 132,655.00 1,282.04 1.0%6411882 Wages-Overtime150.04 - 150.04 2,128.70 - 2,128.70 - (2,128.70) 0.0%Total-CBR-SALARIES & BENEFITS12,836.34 11,872.00 964.34 157,044.71 162,329.00 (5,284.29) 162,329.00 5,284.29 3.3%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 651.72 50.00 601.72 2,955.16 1,850.00 1,105.16 1,850.00 `0.0%6413742 Supplies-Expendable94.50 500.00 (405.50) 7,018.61 6,750.00 268.61 6,750.00 (268.61) -4.0%6413748 Supplies-Fuel for Shuttle- 100.00 (100.00) 199.45 3,000.00 (2,800.55) 3,000.00 2,800.55 93.4%6413752 Supplies-Range Balls- - - 10,200.00 9,000.00 1,200.00 9,000.00 (1,200.00) -13.3%6413762 Supplies-Office- 50.00 (50.00) 222.65 525.00 (302.35) 525.00 302.35 57.6%6413768 Supplies-Printing and Stationary- 70.00 (70.00) - 420.00 (420.00) 420.00 420.00 100.0%6413786 Supplies-Towels320.00 72.00 248.00 3,396.00 2,182.00 1,214.00 2,182.00 (1,214.00) -55.6%6413796 Supplies-Bottled Water108.00 50.00 58.00 9,437.86 8,550.00 887.86 8,550.00 (887.86) -10.4%Total-CBR-SUPPLIES & MATERIALS1,174.22 892.00 282.22 33,429.73 32,277.00 1,152.73 32,277.00 (47.57) -0.1%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 3,383.27 300.00 3,083.27 7,571.77 3,600.00 3,971.77 3,600.00 (3,971.77) -110.3%6415695 CBR-R&M-Cart Maintenance & Repair - 500.00 (500.00) 8,430.26 6,450.00 1,980.26 6,450.00 (1,980.26) -30.7%Total-CBR-REPAIRS & MAINTENANCE3,383.27 800.00 2,583.27 16,002.03 10,050.00 5,952.03 10,050.00 (5,952.03) -59.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen443.40 800.00 (356.60) 7,887.18 9,600.00 (1,712.82) 9,600.00 1,712.82 17.8%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous- 125.00 (125.00) 4,761.57 1,150.00 3,611.57 1,150.00 (3,611.57) -314.0%6419820 Uniforms- 200.00 (200.00) 4,051.26 5,200.00 (1,148.74) 5,200.00 1,148.74 22.1%Total-CBR-OTHER EXPENSES443.40 1,125.00 (681.60) 16,700.01 16,400.00 300.01 16,400.00 (300.01) -1.8%TOTAL-CARTS,BAGROOM & RANGE 17,837.23 14,689.00 (681.60) 223,176.48 221,056.00 2,120.48 221,056.00 (1,015.32) -0.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp247.35 86.00 161.35 2,236.95 1,933.00 303.95 1,933.00 (303.95) -15.7%6431800 Taxes-Employer Payroll765.68 298.00 467.68 7,253.75 6,703.00 550.75 6,703.00 (550.75) -8.2%6431880 Wages-Hourly2,744.75 2,295.00 449.75 49,979.75 51,567.00 (1,587.25) 51,567.00 1,587.25 3.1%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS3,757.78 2,679.00 1,078.78 59,470.45 60,203.00 (732.55) 60,203.00 732.55 1.2%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 75.00 (75.00) - 1,050.00 (1,050.00) 1,050.00 1,050.00 100.0%6439490 Miscellaneous- - - 127.00 200.00 (73.00) 200.00 73.00 36.5%6439718 Safety Equipment & Training- 50.00 (50.00) 386.66 600.00 (213.34) 600.00 213.34 35.6%6439820 Uniforms - 75.00 (75.00) 1,768.42 2,125.00 (356.58) 2,125.00 356.58 16.8%Total-CS-OTHER EXPENSES- 200.00 (200.00) 2,282.08 3,975.00 (1,692.92) 3,975.00 1,692.92 42.6%Total-COURSE SERVICES3,757.78 2,879.00 878.78 61,752.53 64,178.00 (2,425.47) 64,178.00 2,425.47 3.8%21,595.01 17,568.00 4,027.01 284,929.01 285,234.00 (304.99) 285,234.00 (282.77) -0.1%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJune 2015Annual Budget7 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 5,193.50 4,800.00 393.50 4,800.00 (393.50) -8.2%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 5,193.50 4,800.00 393.50 4,800.00 (393.50) -8.2%65-CH-UTILITIES6507836 Utilities-Natural Gas398.46 300.00 98.46 4,308.89 3,600.00 708.89 3,600.00 (708.89) -19.7%6507840 Utilities-Telephone1,335.78 1,150.00 185.78 13,085.62 13,800.00 (714.38) 13,800.00 714.38 5.2%6507842 Utilities-Water979.04 321.00 658.04 8,858.55 3,852.00 5,006.55 3,852.00 (5,006.55) -130.0%6507844 Utilities-Cable 389.28 340.00 49.28 5,496.81 4,080.00 1,416.81 4,080.00 (1,416.81) -34.7%Total-CH-UTILITIES3,102.56 2,111.00 991.56 31,749.87 25,332.00 6,417.87 25,332.00 (6,417.87) -25.3%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 1,921.88 1,825.00 96.88 23,020.38 22,500.00 520.38 22,500.00 (520.38) -2.3%6509099 Contract Services-Security5,653.56 4,900.00 753.56 63,085.31 60,400.00 2,685.31 60,400.00 (2,685.31) -4.4%6509215 Flowers & Decorations63.73 400.00 (336.27) 191.19 1,900.00 (1,708.81) 1,900.00 1,708.81 89.9%6509490 Miscellaneous86.90 200.00 (113.10) 475.41 2,400.00 (1,924.59) 2,400.00 1,924.59 80.2%6509718 Safety Equipment & Training- 100.00 (100.00) 347.52 1,200.00 (852.48) 1,200.00 852.48 71.0%Total-CH-OTHER EXPENSES7,726.07 7,425.00 301.07 87,119.81 88,400.00 (1,280.19) 88,400.00 1,280.19 1.4%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures335.00 300.00 35.00 4,071.80 3,600.00 471.80 3,600.00 (471.80) -13.1%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 2,144.58 4,800.00 (2,655.42) 4,800.00 2,655.42 55.3%6515690 CH-R&M-Equipment Repair534.26 400.00 134.26 7,478.25 4,800.00 2,678.25 4,800.00 (2,678.25) -55.8%Total-CH-REPAIRS & MAINTENANCE869.26 1,100.00 (230.74) 13,694.63 13,200.00 494.63 13,200.00 (494.63) -3.7%12,097.89 11,036.00 1,061.89 137,757.81 131,732.00 6,025.81 131,732.00 (989.26) -0.8%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJune 2015Annual Budget8 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 300.00 341.00 (41.00) 3,461.44 4,092.00 (630.56) 4,092.00 630.56 15.4%6601325 Insurance-Workers Comp113.00 94.00 19.00 965.16 1,128.00 (162.84) 1,128.00 162.84 14.4%6601720 Salaries1,704.70 2,508.00 (803.30) 24,564.83 30,096.00 (5,531.17) 30,096.00 5,531.17 18.4%6601800 Taxes-Employer Payroll145.72 326.00 (180.28) 1,890.95 3,912.00 (2,021.05) 3,912.00 2,021.05 51.7%Total-MKT-SALARIES & BENEFITS2,263.42 3,269.00 (1,005.58) 30,882.38 39,228.00 (8,345.62) 39,228.00 8,345.62 21.3%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 487.72 100.00 387.72 1,440.62 1,200.00 240.62 1,200.00 (240.62) -20.1%6603768 Supplies-Printing & Stationery 372.08 125.00 247.08 10,052.24 4,425.00 5,627.24 4,425.00 (5,627.24) -127.2%859.80 225.00 634.80 11,492.86 5,625.00 5,867.86 5,625.00 (5,867.86) -104.3%66-MKT-UTILITIES6607840 Utilities-Telephone63.08 100.00 (36.92) 973.93 1,200.00 (226.07) 1,200.00 226.07 18.8%Total-MKT-UTILITIES63.08 100.00 (36.92) 973.93 1,200.00 (226.07) 1,200.00 226.07 18.8%66-MKT-OTHER EXPENSES6609010 Advertising13,149.50 5,562.00 7,587.50 180,375.78 178,987.00 1,388.78 178,987.00 (1,388.78) -0.8%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) 8,822.62 5,500.00 3,322.62 5,500.00 (3,322.62) -60.4%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 Miscellaneous500.00 - 500.00 535.63 350.00 185.63 350.00 (185.63) -53.0%6609620 Postage- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) 651.65 700.00 (48.35) 700.00 48.35 6.9%6609633 Promotion-Community- 75.00 (75.00) 1,698.87 2,250.00 (551.13) 2,250.00 551.13 24.5%6609634 Promotion-Media/Vendor- - - 2,000.00 2,000.00 - 2,000.00 - 0.0%6609150 Dues and Subscriptions- - - 420.70 735.00 (314.30) 735.00 314.30 42.8%6609820 Uniforms- - - 468.57 600.00 (131.43) 600.00 131.43 21.9%Total-MKT-OTHER EXPENSES13,649.50 6,912.00 6,737.50 195,765.82 193,822.00 1,943.82 193,822.00 (1,943.82) -1.0%16,835.80 10,506.00 6,329.80 239,114.99 239,875.00 (760.01) 239,875.00 760.01 0.3%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJune 2015Annual Budget9 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,392.20 1,488.00 (95.80) 16,538.64 17,856.00 (1,317.36) 17,856.00 1,317.36 7.4%6701325 Insurance-Workers Comp1,320.25 662.00 658.25 9,049.35 7,740.00 1,309.35 7,718.00 (1,331.35) -17.2%6701720 Salaries14,421.00 14,833.34 (412.34) 171,125.21 178,000.08 (6,874.87) 178,000.00 6,874.79 3.9%6701800 Taxes-Employer Payroll668.88 2,294.00 (1,625.12) 16,643.27 26,826.00 (10,182.73) 26,748.00 10,104.73 37.8%6701880 Wages-Hourly2,835.00 2,816.66 18.34 27,965.03 28,399.92 (434.89) 27,800.00 (165.03) -0.6%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,637.33 22,094.00 (1,456.67) 241,321.50 258,822.00 (17,500.50) 258,122.00 16,800.50 6.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer330.62 800.00 (469.38) 7,909.52 6,300.00 1,609.52 6,300.00 (1,609.52) -25.5%6703762 Supplies-Office116.02 150.00 (33.98) 1,176.51 1,800.00 (623.49) 1,800.00 623.49 34.6%6703768 Supplies-Printing & Stationery359.55 400.00 (40.45) 2,599.46 3,300.00 (700.54) 3,300.00 700.54 21.2%Total-G&A-SUPPLIES & MATERIALS806.19 1,350.00 (543.81) 11,685.49 11,400.00 285.49 11,400.00 (285.49) -2.5%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 1,649.82 1,900.00 (250.18) 1,900.00 250.18 13.2%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 1,649.82 1,900.00 (250.18) 1,900.00 250.18 13.2%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 50.00 190.00 542.00 1,700.00 (1,158.00) 1,700.00 1,158.00 68.1%6709180 Employee Recruiting/Relocation- - - 1,423.78 1,400.00 23.78 1,400.00 (23.78) -1.7%6709197 Equipment Rental470.57 550.00 (79.43) 7,361.85 6,600.00 761.85 6,600.00 (761.85) -11.5%6709202 Fees-Bank151.22 90.00 61.22 2,402.60 1,080.00 1,322.60 1,080.00 (1,322.60) -122.5%6709208 Fees-Payroll Processing1,104.69 1,200.00 (95.31) 14,745.43 14,400.00 345.43 14,400.00 (345.43) -2.4%6709220 Freight/Delivery- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0%6709490 Miscellaneous97.53 100.00 (2.47) 773.71 1,200.00 (426.29) 1,200.00 426.29 35.5%6709491 Loss/Damage- - - 182.27 - 182.27 (182.27) 0.0%6709620 Postage/Mail Services160.25 75.00 85.25 1,480.37 900.00 580.37 900.00 (580.37) -64.5%6709625 Professional Fees751.00 850.00 (99.00) 13,496.75 10,200.00 3,296.75 10,200.00 (3,296.75) -32.3%6709636 Promotion/Entertainment- 100.00 (100.00) 2,500.00 1,200.00 1,300.00 1,200.00 (1,300.00) -108.3%6709722 Seminars & Training- 200.00 (200.00) 1,506.20 2,400.00 (893.80) 2,400.00 893.80 37.2%6709810 Travel- 200.00 (200.00) 647.20 1,100.00 (452.80) 1,100.00 452.80 41.2%training expe Uniforms245.10 75.00 900.00 1,575.74 1,050.00 525.74 1,050.00 (525.74) -50.1%Total-G&A-OTHER EXPENSES3,620.36 3,940.00 410.26 53,437.90 48,630.00 4,807.90 48,630.00 (4,807.90) -9.9%25,063.88 27,484.00 (2,420.12) 308,094.71 320,752.00 (12,657.29) 320,052.00 11,957.29 3.7%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementJune 2015Annual Budget10 June Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,050.00 313.45 120,361.40 121,050.00 (688.60) 121,050.00 688.60 0.6%6800193 Equipment Leases-Maintenance 5,571.50 6,050.00 (478.50) 50,386.43 48,400.00 1,986.43 48,400.00 (1,986.43) -4.1%6800194 Equipment Leases-Trailer575.22 600.00 (24.78) 6,096.96 7,200.00 (1,103.04) 7,200.00 1,103.04 15.3%6800196 Equipment Leases-GPS4,500.00 4,700.00 (200.00) 48,501.00 56,400.00 (7,899.00) 56,400.00 7,899.00 14.0%6800197 Equipment Leases-Others1,737.48 1,150.00 587.48 18,483.67 13,800.00 4,683.67 13,800.00 (4,683.67) 0.0%22,747.65 22,550.00 197.65 243,829.46 246,850.00 (3,020.54) 246,850.00 3,020.54 1.2%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 96,000.00 96,000.00 - 96,000.00 - 0.0%6900210 FF&E Reserve2,174.59 2,803.00 (628.41) 58,199.96 60,874.00 (2,674.04) 60,874.00 2,674.04 4.4%6900800 Personal Property Taxes- - - 9,584.24 14,800.00 (5,215.76) 14,800.00 5,215.76 35.2%6900323 Insurance-Commercial3,152.71 2,200.00 952.71 39,234.62 26,400.00 12,834.62 26,400.00 (12,834.62) -48.6%13,327.30 13,003.00 324.30 203,018.82 198,074.00 4,944.82 198,074.00 (4,944.82) -2.5%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJune 2015Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2014‐20152014 2014 2014 2014 2014 2014Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4SalesPromotionGolf IndustryVIPCelebrityPGA Comp9893726Charity/Gift Certificate422Rain/Wind Checks12247Club Staff728360854102LQ HS Golf21010611841058113711722015 2015 2015 2015 2015 2015Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia787SalesPromotion414Golf Industry4VIPCelebrityPGA Comp202522193422Charity/Gift Certificate4861216Rain/Wind Checks582261Club Staff9086908510342LQ HS Golf40104 203 214379166 239 331 332 2038812 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2014‐2015June 2015 Date Time DescriptionCategoryPlayers6/19/2015 7:30-7:53 CVB-FAM TRIP Promo 1413