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12 June 2016 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2015 – June 2016 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Variance Report 3 Golf Shop Income Statement 4 Course Maintenance Expense Statement 5 Outside Service Expense Statement 7 Clubhouse Expense Statement 8 Marketing Expense Statement 9 General & Administrative Expense Statement 10 Operating Leases & Miscellaneous Expense Statement 12 Complimentary Report 13 Annual BudgetAccount Description JuneFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue42,725.52 140,140.00 (97,414.48) -69.5% 3,016,090.49 3,199,237.00 (183,146.51) 3,199,237.00 183,146.51 94%401000 Miscellaneous Golf Revenue5,713.50 20,770.00 (15,056.50) -72.5% 367,240.39 349,260.00 17,980.39 349,259.00 (17,981.39) 105%410000 Revenue-Golf Shop5,455.51 14,700.00 (9,244.49) -62.9% 238,736.37 278,588.00 (39,851.63) 278,585.00 39,848.63 86%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 12,000.00 12,000.00 - 12,000.00 - 100%890000 Interest Income- - - 12.48 - 12.48 - (12.48) 0%Total Income54,394.53 176,110.00 (121,715.47) -69.1% 3,634,079.73 3,839,085.00 (205,005.27) 3,839,081.00 205,001.27 95%Cost of Goods Sold510000 COS-Golf Shop3,162.80 8,228.00 (5,065.20) 61.6% 131,778.11 155,925.04 24,146.93 155,924.00 24,145.89 85%Total COS3,162.80 8,228.00 (5,065.20) 61.6% 131,778.11 155,925.04 24,146.93 155,924.00 24,145.89 85%Gross Profit51,231.73 167,882.00 (116,650.27) -69.5% 3,502,301.62 3,683,159.96 (180,858.34) 3,683,157.00 180,855.38 95%Expenses610000 Golf Pro Shop 16,225.51 17,536.00 (1,310.49) 7.5% 200,548.16 204,822.00 (4,273.84) 204,827.00 4,278.84 98%630000 Course Maintenance121,806.02 119,725.00 2,081.02 -1.7% 1,721,934.27 1,712,795.00 9,139.27 1,712,795.00 (9,139.27) 101%633000 Maintenance Water & Energy26,206.32 28,040.00 (1,833.68) 6.5% 237,076.95 225,129.00 11,947.95 225,129.00 (11,947.95) 105%640000 Outside Services19,222.70 19,204.00 18.70 -0.1% 335,169.38 309,832.00 25,337.38 309,830.00 (25,339.38) 108%650000 Clubhouse13,532.70 11,036.00 2,496.70 -22.6% 140,281.66 136,332.00 3,949.66 136,332.00 (3,949.66) 103%660000 Marketing22,721.23 10,531.00 12,190.23 -115.8% 240,049.41 240,175.00 (125.59) 240,177.00 127.59 100%670000 General & Administrative24,350.27 27,650.00 (3,299.73) 11.9% 304,663.53 327,503.00 (22,839.47) 327,511.00 22,847.47 93%680000 Leases21,648.72 22,550.00 (901.28) 4.0% 267,604.72 271,050.00 (3,445.28) 271,050.00 3,445.28 99%690000 Miscellaneous Other Expense12,591.76 13,323.00 (731.24) 5.5% 214,947.74 202,026.00 12,921.74 202,025.00 (12,922.74) 106%Total Expenses278,305.23 269,595.00 8,710.23 -3.2% 3,662,275.82 3,629,664.00 (32,611.82) 3,629,676.00 (32,599.82) 101%(227,073.50) (101,713.00) (125,360.50) -123.2%(159,974.20) 53,495.96 (213,470.16) 53,481.00 213,455.20 0%Rounds of Golf PlayedPaid Rounds Played1,464 2,450 (986) -40.2%45,104 46,475 (1,371) 46,475 1,371 97%Ave $ Per Paid Round Green Fee29.18 57.20 (28.02) -49.0%66.87 68.84 (1.97) 68.84 1.97 97%Ave $ Per Paid Round Merchandise3.73 6.00 (2.27) -37.9%5.29 5.99 (0.70) 5.99 0.70 88%Ave $ Per Paid Miscellaneous 3.90 8.48 (4.57) -54.0%8.14 7.52 0.63 7.51 (0.63) 108%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJune 20161 Income JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees42,725.52 140,140.00 (97,414.48) 3,016,090.49 3,199,237.00 (183,146.51) 3,199,237.00 183,146.51 5.7%4010000 Rider Fee287.50 245.00 42.50 12,057.50 7,738.00 4,319.50 7,738.00 (4,319.50) -55.8%4040000 Club Rental440.00 1,225.00 (785.00) 21,851.00 23,238.00 (1,387.00) 23,238.00 1,387.00 6.0%4050000 Driving Range2,118.00 3,675.00 (1,557.00) 101,290.00 100,984.00 306.00 100,984.00 (306.00) -0.3%4060000 Handicap Fees(882.00) - (882.00) 3,119.00 2,500.00 619.00 2,500.00 (619.00) -24.8%4080000 GPS Advertising- - - - 2,600.00 (2,600.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract - - - 3,073.80 4,000.00 (926.20) 4,000.00 926.20 23.2%4091000 Golf Professional Rental Fee- - - 46,824.09 37,000.00 9,824.09 37,000.00 (9,824.09) -26.6%4092000 Golf Lessons - - - - - - - - 0.0%4093000 Resident Card Issue3,750.00 15,625.00 (11,875.00) 179,025.00 171,200.00 7,825.00 171,200.00 (7,825.00) -4.6% Total Revenue Fees48,439.02 160,910.00 (112,470.98) 3,383,330.88 3,548,497.00 (165,166.12) 3,548,497.00 165,166.12 4.7%48,439.02 160,910.00 (112,470.98) 3,383,330.88 3,548,497.00 (165,166.12) 3,548,497.00 165,166.12 4.7%SilverRock ResortStatement of Fees RevenueJune 2016Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$42,725.52 $140,140.00 (97,414.48)Unfavorable: Due to projected closure of nine holes effective 5/15/16. We updated our website, golf rates and media to reflect only providing 9 holes effective May 15, 2016. Rounds were down by 986 due to projected closure.ActualBudgetVariance$5,713.50$20,770.00(15,056.50)Unfavorable: Due to projected closure resident cards missed budget by $11,800.00 and driving range utilization down by 42%.ActualBudgetVariance$5,455.51$14,700.00(9,244.49)Unfavorable: Due to projected closure with rounds down 63%ExpensesActualBudgetVariance$16,225.51 $17,536.00 (1,310.49)Favorable: Due to reduced payroll and line items in an effort to reduce expenses due to shortage of revenue.ActualBudgetVariance$13,532.70 $11,036.00 2,496.70Unfavorable: Due to additional unforeseen repairs to all the transmitter's, software and hand held walkie talkies.ActualBudgetVariance$22,721.23 $10,531.00 12,190.23Unfavorable: Due to timing of invoices for advertising but year to date is in align with the budget. Also,all equipment and setup for foot golf.ActualBudgetVariance$24,350.27 $27,650.00 (3,299.73)Favorable: Due to reduced wages, and line items in an effort to reduce expenses to offset revenue shortfall.MarketingGolf ShopClubhouseGeneral and AdministrativeVariance ExplanationJune 2016The 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 arePro Shop Merchandise SalesGolf Green Fee RevenueMiscellaneous Golf Revenueprovided for those cost of sales percentage that are greater than 5%.3-20-133 Income JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous429.12 - 429.12 3,228.89 - 3,228.89 00 0%4100110 Sales Hard Goods2,979.34 5,145.00 (2,165.66) 80,307.56 97,507.00 (17,199.44) 97,505.00 17,197.44 17.6%4100112 Sales-Soft Goods3,134.00 9,555.00 (6,421.00) 187,177.50 181,081.00 6,096.50 181,080.00 (6,097.50) -3.4%5100639 GS-Discounts-Mdse (1,086.95) - (1,086.95) (31,977.58) - (31,977.58) - 31,977.58 0.0% Total Revenue Golf Shop5,455.51 14,700.00 (9,244.49) 238,736.37 278,588.00 (39,851.63) 278,585.00 43,077.52 15.5%COS 5100150 COS-GS-Hard Goods 1,781.21 2,984.10 (1,202.89) 41,493.19 56,554.06 (15,060.87) 56,552.90 15,059.71 26.6%5100151 COS-GS-Soft Goods 1,295.34 5,541.90 (4,246.56) 87,088.78 105,026.98 (17,938.20) 105,026.40 17,937.62 17.1%5100152 COS-GS-Purchase Disc- (426.00) 426.00 (130.20) (8,080.00) 7,949.80 (8,079.00) (7,948.80) 98.4%5100220 COS-GS-Freight Merch 86.25 128.00 (41.75) 3,326.34 2,424.00 902.34 2,424.00 (902.34) -37.2%Cost of Sales - Golf Shop3,162.80 8,228.00 (5,065.20) 131,778.11 155,925.04 (24,146.93) 155,924.30 24,146.19 15.5%Gross Profit2,292.71 6,472.00 (4,179.29) 106,958.26 122,662.96 (15,704.70) 122,660.70 18,931.33 15.4%COS % 58.0% 56.0% -2.0% 55.2% 56.0% 0.8% 53.1% 56.1% 105.6%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,718.75 2,387.00 (668.25) 23,585.69 27,621.00 (4,035.31) 27,621.00 4,035.31 14.6%6101325 Insurance-Workers Comp 399.00 447.00 (48.00) 6,720.82 5,041.00 1,679.82 5,042.00 (1,678.82) -33.3%6101720 Salaries4,002.00 3,950.00 52.00 49,069.35 47,400.00 1,669.35 45,000.00 (4,069.35) -9.0%6101800 Taxes-Employer Payroll 1,585.31 1,669.00 (83.69) 17,044.79 18,823.00 (1,778.21) 18,825.00 1,780.21 9.5%6101880 Wages-Hourly7,974.48 7,973.00 1.48 89,804.83 87,062.00 2,742.83 89,463.00 (341.83) -0.4%6101882 Wages-Overtime21.75 - 21.75 771.00 - 771.00 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 15,701.29 16,426.00 (724.71) 186,996.48 185,947.00 1,049.48 185,951.00 678.40 0.4%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 273.99 - 273.99 - (273.99) 0.0%6103762 Supplies-Office- 250.00 (250.00) 2,118.89 3,000.00 (881.11) 3,000.00 881.11 29.4%6109220 Freight & Delivery- - - 466.38 75.00 391.38 75.00 (391.38) -521.8%6109490 Miscellaneous500.00 500.00 - 5,545.97 6,000.00 (454.03) 6,000.00 454.03 7.6%6109150 Dues and Subscriptions- - - 1,220.30 2,300.00 (1,079.70) 2,300.00 1,079.70 46.9%6109500 ProShop-Over/Short(5.18) - (5.18) 203.43 - 203.43 - (203.43) 0.0%6109722 Seminars/Training- 35.00 (35.00) - 3,690.00 (3,690.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 2,134.92 2,400.00 (265.08) 2,400.00 265.08 11.0%6117840 Telephones29.40 110.00 (80.60) 1,587.80 1,320.00 267.80 1,320.00 (267.80) -20.3%524.22 1,110.00 (585.78) 13,551.68 18,875.00 (5,323.32) 18,875.00 5,323.32 28.2%16,225.51 17,536.00 (1,310.49) 200,548.16 204,822.00 (4,273.84) 204,826.00 6,001.72 2.9%Net Income(13,932.80) (11,064.00) (2,868.80) (93,589.90) (82,159.04) (11,430.86) (82,165.30) 12,929.61 -15.7%SilverRock ResortGolf Shop Income StatementJune 2016Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,068.07 8,990.00 (1,921.93) 100,883.27 107,880.00 (6,996.73) 107,880.00 6,996.73 6.5%6311325 Insurance-Workers Comp2,019.00 2,137.00 (118.00) 30,254.47 24,794.00 5,460.47 24,794.00 (5,460.47) -22.0%6311720 Salaries11,620.80 11,900.00 (279.20) 142,954.90 142,800.00 154.90 142,017.20 (937.70) -0.7%6311800 Taxes-Employer Payroll5,035.09 8,110.00 (3,074.91) 71,646.13 93,302.00 (21,655.87) 93,302.00 21,655.87 23.2%6311880 Wages-Hourly42,992.65 43,161.00 (168.35) 522,830.71 507,698.00 15,132.71 508,481.80 (14,348.91) -2.8%6311882 Wages-Overtime2,270.00 2,869.00 (599.00) 14,691.76 15,945.00 (1,253.24) 15,945.00 1,253.24 7.9%Total-CM-SALARIES & BENEFITS71,005.61 77,167.00 (6,161.39) 883,261.24 892,419.00 (9,157.76) 892,420.00 9,158.76 1.0%63-CM-SUPPLIES & MATERIALS6313734 Chemicals11,544.78 2,000.00 9,544.78 51,188.87 34,600.00 16,588.87 34,600.00 (16,588.87) -47.9%6313744 Fertilizer1,080.00 5,000.00 (3,920.00) 127,404.27 112,500.00 14,904.27 112,500.00 (14,904.27) -13.2%6313745 Herbicides- - - 21,331.26 17,000.00 4,331.26 17,000.00 (4,331.26) -25.5%6313746 Flowers/Plants- - - 1,376.30 3,050.00 (1,673.70) 3,050.00 1,673.70 54.9%6313748 Fuel-Gasoline2,113.87 3,100.00 (986.13) 39,031.41 55,020.00 (15,988.59) 55,020.00 15,988.59 29.1%6313750 Golf Course Accessories270.01 100.00 170.01 11,695.15 13,000.00 (1,304.85) 13,000.00 1,304.85 10.0%6313756 POA Control- - - 6,757.37 7,000.00 (242.63) 7,000.00 242.63 3.5%6313758 Miscellaneous Supp541.74 100.00 441.74 8,660.33 4,350.00 4,310.33 4,350.00 (4,310.33) -99.1%6313762 Supplies-Office- - - 76.91 - 76.91 - (76.91) 0.0%6313774 Sand1,831.93 100.00 1,731.93 6,403.56 13,460.00 (7,056.44) 13,460.00 7,056.44 52.4%6313776 Seed- 350.00 (350.00) 132,015.98 125,900.00 6,115.98 125,900.00 (6,115.98) -4.9%6313778 Small Tools & Non-Capital Equip456.30 100.00 356.30 4,784.63 5,000.00 (215.37) 5,000.00 215.37 4.3%6313780 Sod- 200.00 (200.00) 5,597.26 10,450.00 (4,852.74) 10,450.00 4,852.74 46.4%6313782 Topdressing2,254.53 1,300.00 954.53 9,468.47 10,600.00 (1,131.53) 10,600.00 1,131.53 10.7%Total-CM-SUPPLIES & MATERIALS20,093.16 12,350.00 7,743.16 425,791.77 411,930.00 13,861.77 411,930.00 (13,861.77) -3.4%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint2,830.00 2,600.00 230.00 37,311.50 31,200.00 6,111.50 31,200.00 (6,111.50) -19.6%6315685 CM-R&M-Bldngs & Othr Structures 353.60 250.00 103.60 3,687.94 5,550.00 (1,862.06) 5,550.00 1,862.06 33.6%6315690 CM-R&M-Equipment4,035.30 2,000.00 2,035.30 45,613.41 40,000.00 5,613.41 40,000.00 (5,613.41) -14.0%6315692 CM-R&M-Irrigation System645.53 1,000.00 (354.47) 22,060.67 19,050.00 3,010.67 19,050.00 (3,010.67) -15.8%6315696 CM-R&M-Pumps- - - 12,303.59 10,500.00 1,803.59 10,500.00 (1,803.59) -17.2%6315815 CM-R&M-Trees-Pruning Etc- - - 12,832.07 12,050.00 782.07 12,050.00 (782.07) -6.5%Total-CM-REPAIRS & MAINTENANCE7,864.43 5,850.00 2,014.43 133,809.18 118,350.00 15,459.18 118,350.00 (15,459.18) -13.1%6317836 Utilities-Natural Gas/LPG 30.00 15.00 15.00 242.56 180.00 62.56 180.00 (62.56) 0.0%6317840 Telephones613.70 850.00 (236.30) 11,060.82 10,200.00 860.82 10,200.00 (860.82) -8.4%Total-CM-UTILITIES643.70 865.00 (221.30) 11,303.38 10,380.00 923.38 10,380.00 (923.38) -8.9%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 500.00 (100.00) 5,700.00 6,000.00 (300.00) 6,000.00 300.00 5.0%6319100 Contract Svcs-Soil/Tissue Test108.00 - 108.00 2,108.00 4,000.00 (1,892.00) 4,000.00 1,892.00 47.3%6319102 Contract Svcs-Trash Removal1,010.86 524.00 486.86 9,720.93 6,288.00 3,432.93 6,288.00 (3,432.93) -54.6%6319150 Dues & Subscriptions- 100.00 (100.00) 1,380.00 540.00 840.00 540.00 (840.00) -155.6%6319170 Employee Education- 50.00 (50.00) 1,650.99 1,550.00 100.99 1,550.00 (100.99) -6.5%6319197 Equipment Rental- 100.00 (100.00) 911.44 3,400.00 (2,488.56) 3,400.00 2,488.56 73.2%6319206 Licenses & Permits13.40 - 13.40 2,321.29 4,180.00 (1,858.71) 4,180.00 1,858.71 44.5%6319490 Miscellaneous157.24 100.00 57.24 959.88 1,200.00 (240.12) 1,200.00 240.12 20.0%6319718 Safety Equipment & Training1,001.68 100.00 901.68 5,511.32 3,850.00 1,661.32 3,850.00 (1,661.32) -43.2%6319822 Uniforms856.75 920.00 (63.25) 12,204.88 11,040.00 1,164.88 11,040.00 (1,164.88) -10.6%Total-CM-OTHER EXPENSES3,547.93 2,394.00 1,153.93 42,468.73 42,048.00 420.73 42,048.00 (420.73) -1.0%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementJune 2016Annual Budget5 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,701.00 2,728.00 (27.00) 29,717.35 32,736.00 (3,018.65) 32,736.00 3,018.65 9.2%6321325 Insurance-Workers Comp541.00 545.00 (4.00) 5,565.01 6,171.00 (605.99) 6,171.00 605.99 9.8%6321800 Taxes-Employer Payroll1,621.74 2,083.00 (461.26) 16,753.81 23,335.00 (6,581.19) 23,334.00 6,580.19 28.2%6321880 Wages-Hourly13,395.20 13,840.00 (444.80) 166,225.53 160,320.00 5,905.53 160,320.00 (5,905.53) -3.7%6321882 Wages-Overtime6.08 1,038.00 (1,031.92) 4,187.09 6,351.00 (2,163.91) 6,351.00 2,163.91 34.1%Total-CM-LM-SALARIES & BENEFITS18,265.02 20,234.00 (1,968.98) 222,448.79 228,913.00 (6,464.21) 228,912.00 6,463.21 2.8%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools183.47 75.00 108.47 183.47 1,025.00 (841.53) 1,025.00 841.53 82.1%6323788 Uniforms202.70 290.00 (87.30) 2,667.71 3,480.00 (812.29) 3,480.00 812.29 23.3%Total-CM-LM-SUPPLIES & MATERIALS386.17 365.00 21.17 2,851.18 4,505.00 (1,653.82) 4,505.00 1,653.82 36.7%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) - 4,250.00 (4,250.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) - 4,250.00 (4,250.00) 4,250.00 4,250.00 100.0%121,806.02 119,725.00 2,081.02 1,721,934.27 1,712,795.00 9,139.27 1,712,795.00 (9,139.27) -0.5% JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 19,291.82 21,530.00 (2,238.18) 187,706.54 179,791.00 7,915.54 179,791.00 (7,915.54) -4.4%6337842 Utilities-Water6,914.50 6,510.00 404.50 49,370.41 45,338.00 4,032.41 45,338.00 (4,032.41) -8.9%26,206.32 28,040.00 (1,833.68) 237,076.95 225,129.00 11,947.95 225,129.00 (11,947.95) -5.3%Total-COURSE MAINTENANCECourse Maintenance Expense StatementJune 2016Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyJune 2016Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 JuneFinal 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 Comp420.00 388.00 32.00 7,914.44 5,229.00 2,685.44 5,229.00 (2,685.44) -51.4%6411800 Taxes-Employer Payroll1,464.95 1,289.00 175.95 20,818.44 17,361.00 3,457.44 17,360.00 (3,458.44) -19.9%6411880 Wages-Hourly11,337.50 10,350.00 987.50 155,440.12 139,435.00 16,005.12 139,434.00 (16,006.12) -11.5%6411882 Wages-Overtime105.00 - 105.00 3,532.79 - 3,532.79 - (3,532.79) 0.0%Total-CBR-SALARIES & BENEFITS13,327.45 12,709.00 618.45 187,705.79 170,209.00 17,496.79 170,207.00 (17,498.79) -10.3%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts13.00 50.00 (37.00) 3,410.88 1,850.00 1,560.88 1,850.00 `0.0%6413742 Supplies-Expendable451.44 500.00 (48.56) 6,595.20 6,750.00 (154.80) 6,750.00 154.80 2.3%6413748 Supplies-Fuel for Shuttle- 100.00 (100.00) - 3,000.00 (3,000.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - 9,000.00 9,000.00 - 9,000.00 - 0.0%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) 94.87 420.00 (325.13) 420.00 325.13 77.4%6413786 Supplies-Towels 947.66 72.00 875.66 5,313.05 2,182.00 3,131.05 2,182.00 (3,131.05) -143.5%6413796 Supplies-Bottled Water- 50.00 (50.00) 12,224.40 11,000.00 1,224.40 11,000.00 (1,224.40) -11.1%Total-CBR-SUPPLIES & MATERIALS1,412.10 892.00 520.10 36,638.40 34,727.00 1,911.40 34,727.00 (350.52) -1.0%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment38.88 300.00 (261.12) 4,269.29 3,600.00 669.29 3,600.00 (669.29) -18.6%6415695 CBR-R&M-Cart Maintenance & Repair 500.00 500.00 - 10,786.68 6,450.00 4,336.68 6,450.00 (4,336.68) -67.2%Total-CBR-REPAIRS & MAINTENANCE538.88 800.00 (261.12) 15,055.97 10,050.00 5,005.97 10,050.00 (5,005.97) -49.8%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen229.98 800.00 (570.02) 6,774.60 9,600.00 (2,825.40) 9,600.00 2,825.40 29.4%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous75.50 600.00 (524.50) 4,171.62 7,200.00 (3,028.38) 7,200.00 3,028.38 42.1%6419820 Uniforms - 200.00 (200.00) 4,296.75 5,200.00 (903.25) 5,200.00 903.25 17.4%Total-CBR-OTHER EXPENSES305.48 1,600.00 (1,294.52) 15,242.97 22,450.00 (7,207.03) 22,450.00 7,207.03 32.1%TOTAL-CARTS,BAGROOM & RANGE15,583.91 16,001.00 (1,294.52) 254,643.13 237,436.00 17,207.13 237,434.00 (15,648.25) -6.6%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp99.00 96.00 3.00 3,816.20 2,180.00 1,636.20 2,179.00 (1,637.20) -75.1%6431800 Taxes-Employer Payroll682.29 357.00 325.29 8,632.21 8,134.00 498.21 8,135.00 (497.21) -6.1%6431880 Wages-Hourly2,857.50 2,550.00 307.50 63,517.62 58,107.00 5,410.62 58,108.00 (5,409.62) -9.3%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS3,638.79 3,003.00 635.79 75,966.03 68,421.00 7,545.03 68,422.00 (7,544.03) -11.0%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 75.00 (75.00) 906.72 1,050.00 (143.28) 1,050.00 143.28 13.6%6439490 Miscellaneous- - - 1,031.60 200.00 831.60 200.00 (831.60) -415.8%6439718 Safety Equipment & Training- 50.00 (50.00) 50.00 600.00 (550.00) 600.00 550.00 91.7%6439820 Uniforms - 75.00 (75.00) 2,571.90 2,125.00 446.90 2,125.00 (446.90) -21.0%Total-CS-OTHER EXPENSES- 200.00 (200.00) 4,560.22 3,975.00 585.22 3,975.00 (585.22) -14.7%Total-COURSE SERVICES3,638.79 3,203.00 435.79 80,526.25 72,396.00 8,130.25 72,397.00 (8,129.25) -11.2%19,222.70 19,204.00 18.70 335,169.38 309,832.00 25,337.38 309,831.00 (23,192.28) -7.5%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJune 2016Annual Budget7 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 4,805.00 4,800.00 5.00 4,800.00 (5.00) -0.1%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 4,805.00 4,800.00 5.00 4,800.00 (5.00) -0.1%65-CH-UTILITIES6507836 Utilities-Natural Gas104.20 300.00 (195.80) 4,774.26 3,600.00 1,174.26 3,600.00 (1,174.26) -32.6%6507840 Utilities-Telephone1,118.84 1,150.00 (31.16) 11,980.71 13,800.00 (1,819.29) 13,800.00 1,819.29 13.2%6507842 Utilities-Water406.55 321.00 85.55 8,870.49 3,852.00 5,018.49 3,852.00 (5,018.49) -130.3%6507844 Utilities-Cable 485.47 340.00 145.47 5,785.78 4,080.00 1,705.78 4,080.00 (1,705.78) -41.8%Total-CH-UTILITIES2,115.06 2,111.00 4.06 31,411.24 25,332.00 6,079.24 25,332.00 (6,079.24) -24.0%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 1,750.00 1,825.00 (75.00) 22,097.00 22,500.00 (403.00) 22,500.00 403.00 1.8%6509099 Contract Services-Security5,483.52 4,900.00 583.52 63,260.00 60,400.00 2,860.00 60,400.00 (2,860.00) -4.7%6509215 Flowers & Decorations- 400.00 (400.00) 586.16 1,900.00 (1,313.84) 1,900.00 1,313.84 69.1%6509490 Miscellaneous- 200.00 (200.00) 2,843.62 7,000.00 (4,156.38) 7,000.00 4,156.38 59.4%6509718 Safety Equipment & Training- 100.00 (100.00) 320.32 1,200.00 (879.68) 1,200.00 879.68 73.3%Total-CH-OTHER EXPENSES7,233.52 7,425.00 (191.48) 89,107.10 93,000.00 (3,892.90) 93,000.00 3,892.90 4.2%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures567.32 300.00 267.32 4,275.62 3,600.00 675.62 3,600.00 (675.62) -18.8%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 3,939.97 4,800.00 (860.03) 4,800.00 860.03 17.9%6515690 CH-R&M-Equipment Repair3,216.80 400.00 2,816.80 6,742.73 4,800.00 1,942.73 4,800.00 (1,942.73) -40.5%Total-CH-REPAIRS & MAINTENANCE3,784.12 1,100.00 2,684.12 14,958.32 13,200.00 1,758.32 13,200.00 (1,758.32) -13.3%13,532.70 11,036.00 2,496.70 140,281.66 136,332.00 3,949.66 136,332.00 (3,516.64) -2.6%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJune 2016Annual Budget8 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 338.00 341.00 (3.00) 3,413.80 4,092.00 (678.20) 4,092.00 678.20 16.6%6601325 Insurance-Workers Comp94.20 94.00 0.20 951.40 1,128.00 (176.60) 1,129.00 177.60 15.7%6601720 Salaries2,904.96 2,508.00 396.96 25,563.44 30,096.00 (4,532.56) 30,096.00 4,532.56 15.1%6601800 Taxes-Employer Payroll145.20 351.00 (205.80) 2,675.72 4,212.00 (1,536.28) 4,213.00 1,537.28 36.5%Total-MKT-SALARIES & BENEFITS3,482.36 3,294.00 188.36 32,604.36 39,528.00 (6,923.64) 39,530.00 6,925.64 17.5%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 856.98 1,200.00 (343.02) 1,200.00 343.02 28.6%6603768 Supplies-Printing & Stationery77.75 125.00 (47.25) 5,027.52 4,425.00 602.52 4,425.00 (602.52) -13.6%77.75 225.00 (147.25) 5,884.50 5,625.00 259.50 5,625.00 (259.50) -4.6%66-MKT-UTILITIES6607840 Utilities-Telephone 56.00 100.00 (44.00) 746.48 1,200.00 (453.52) 1,200.00 453.52 37.8%Total-MKT-UTILITIES56.00 100.00 (44.00) 746.48 1,200.00 (453.52) 1,200.00 453.52 37.8%66-MKT-OTHER EXPENSES6609010 Advertising9,920.74 5,562.00 4,358.74 179,756.50 178,987.00 769.50 178,987.00 (769.50) -0.4%6609040 Business Meals- 25.00 (25.00) - 300.00 (300.00) 300.00 300.00 100.0%6609080 Collateral Material4,360.52 1,000.00 3,360.52 10,957.00 5,500.00 5,457.00 5,500.00 (5,457.00) -99.2%6609102 Contract Services-Web Page198.00 150.00 48.00 1,584.00 1,800.00 (216.00) 1,800.00 216.00 12.0%6609490 Miscellaneous- - - - 350.00 (350.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) 158.97 600.00 (441.03) 600.00 441.03 73.5%6609630 Promotion- 50.00 (50.00) - 700.00 (700.00) 700.00 700.00 100.0%6609633 Promotion-Community1,240.92 75.00 1,165.92 3,015.61 2,250.00 765.61 2,250.00 (765.61) -34.0%6609634 Promotion-Media/Vendor3,175.00 - 3,175.00 4,521.62 2,000.00 2,521.62 2,000.00 (2,521.62) -126.1%6609150 Dues and Subscriptions- - - 110.00 735.00 (625.00) 735.00 625.00 85.0%6609820 Uniforms209.94 - 209.94 710.37 600.00 110.37 600.00 (110.37) -18.4%Total-MKT-OTHER EXPENSES19,105.12 6,912.00 12,193.12 200,814.07 193,822.00 6,992.07 193,822.00 (6,992.07) -3.6%22,721.23 10,531.00 12,190.23 240,049.41 240,175.00 (125.59) 240,177.00 127.59 0.1%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJune 2016Annual Budget9 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,212.50 1,488.00 (275.50) 14,655.73 17,856.00 (3,200.27) 17,856.00 3,200.27 17.9%6701325 Insurance-Workers Comp641.20 662.00 (20.80) 7,364.62 7,718.00 (353.38) 7,717.00 352.38 4.6%6701720 Salaries14,179.20 15,050.00 (870.80) 169,844.40 174,600.00 (4,755.60) 177,996.00 8,151.60 4.6%6701800 Taxes-Employer Payroll2,384.72 2,471.00 (86.28) 22,045.79 28,812.00 (6,766.21) 28,812.00 6,766.21 23.5%6701880 Wages-Hourly2,160.00 2,600.00 (440.00) 32,241.10 31,198.00 1,043.10 27,800.00 (4,441.10) -16.0%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,577.62 22,271.00 (1,693.38) 246,151.64 260,184.00 (14,032.36) 260,181.00 14,029.36 5.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 800.00 (800.00) 1,756.40 6,300.00 (4,543.60) 6,300.00 4,543.60 72.1%6703762 Supplies-Office- 150.00 (150.00) 1,382.24 1,800.00 (417.76) 1,800.00 417.76 23.2%6703768 Supplies-Printing & Stationery44.25 400.00 (355.75) 2,579.89 3,300.00 (720.11) 3,300.00 720.11 21.8%Total-G&A-SUPPLIES & MATERIALS44.25 1,350.00 (1,305.75) 5,718.53 11,400.00 (5,681.47) 11,400.00 5,681.47 49.8%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 81.00 100.00 (19.00) 1,481.00 1,900.00 (419.00) 1,900.00 419.00 22.1%Total-G&A-REPAIRS & MAINTENANCE81.00 100.00 (19.00) 1,481.00 1,900.00 (419.00) 1,900.00 419.00 22.1%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance200.00 400.00 (200.00) 4,700.00 4,800.00 (100.00) 4,800.00 100.00 2.1%6709150 Dues & Subscriptions240.00 50.00 190.00 659.00 1,700.00 (1,041.00) 1,700.00 1,041.00 61.2%6709180 Employee Recruiting/Relocation- - - 1,377.78 1,400.00 (22.22) 1,400.00 22.22 1.6%6709197 Equipment Rental374.69 550.00 (175.31) 7,902.29 6,600.00 1,302.29 6,600.00 (1,302.29) -19.7%6709202 Fees-Bank133.56 90.00 43.56 1,313.97 1,080.00 233.97 1,080.00 (233.97) -21.7%6709208 Fees-Payroll Processing1,059.79 1,200.00 (140.21) 14,808.85 14,400.00 408.85 14,400.00 (408.85) -2.8%6709220 Freight/Delivery53.40 39.00 14.40 64.08 589.00 (524.92) 600.00 535.92 89.3%6709490 Miscellaneous- 100.00 (100.00) 4,325.70 6,600.00 (2,274.30) 1,200.00 (3,125.70) -260.5%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services117.69 75.00 42.69 1,198.50 900.00 298.50 900.00 (298.50) -33.2%6709625 Professional Fees701.50 850.00 (148.50) 11,242.22 10,200.00 1,042.22 10,200.00 (1,042.22) -10.2%6709636 Promotion/Entertainment- 100.00 (100.00) - 1,200.00 (1,200.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training448.50 200.00 248.50 1,842.20 2,400.00 (557.80) 2,400.00 557.80 23.2%6709810 Travel- 200.00 (200.00) - 1,100.00 (1,100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms318.27 75.00 900.00 1,037.77 1,050.00 (12.23) 1,050.00 12.23 1.2%Total-G&A-OTHER EXPENSES3,647.40 3,929.00 375.13 51,312.36 54,019.00 (2,706.64) 54,030.00 2,717.64 5.0%24,350.27 27,650.00 (3,299.73) 304,663.53 327,503.00 (22,839.47) 327,511.00 22,847.47 7.0%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementJune 2016Annual Budget10 JuneFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,050.00 313.45 123,532.32 120,600.00 2,932.32 121,050.00 (2,482.32) -2.1%6800193 Equipment Leases-Maintenance 5,571.50 6,050.00 (478.50) 66,858.00 73,050.00 (6,192.00) 72,600.00 5,742.00 7.9%6800194 Equipment Leases-Trailer252.61 600.00 (347.39) 5,699.31 7,200.00 (1,500.69) 7,200.00 1,500.69 20.8%6800196 Equipment Leases-GPS4,500.00 4,700.00 (200.00) 54,000.00 56,400.00 (2,400.00) 56,400.00 2,400.00 4.3%6800197 Equipment Leases-Others961.16 1,150.00 (188.84) 17,515.09 13,800.00 3,715.09 13,800.00 (3,715.09) 0.0%21,648.72 22,550.00 (901.28) 267,604.72 271,050.00 (3,445.28) 271,050.00 3,445.28 1.3%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,320.00 8,320.00 - 99,840.00 99,840.00 - 99,840.00 - 0.0%6900210 FF&E Reserve854.51 2,803.00 (1,948.49) 60,248.57 63,986.00 (3,737.43) 63,985.00 3,736.43 5.8%6900800 Personal Property Taxes- - - 12,117.83 11,800.00 317.83 11,800.00 (317.83) -2.7%6900323 Insurance-Commercial3,417.25 2,200.00 1,217.25 42,741.34 26,400.00 16,341.34 26,400.00 (16,341.34) -61.9%12,591.76 13,323.00 (731.24) 214,947.74 202,026.00 12,921.74 202,025.00 (12,922.74) -6.4%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJune 2016Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐20162015 2015 2015 2015 2015 2015Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia24414SalesPromotion4Golf IndustryVIPCelebrityPGA Comp383738112366Charity/Gift Certificate72626Rain/Wind Checks12129Club Staff956280652111LQ HS Golf2117182530168 121 14319112 2602016 2016 2016 2016 2016 2016Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia42249SalesPromotion4Golf IndustryVIPCelebrityPGA Comp434244465822Charity/Gift Certificate42612231Rain/Wind Checks1134124Club Staff7766835111244LQ HS Golf2624178 1106115159 137 316 227 2758612