Loading...
06 December 2005 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2005 – December 2005 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 11 Special Projects 12 SilverRock Resort Summary Operating Income Statement December 2005 Month to Date Year to Date December Actual Budget Variance Actual Budget Variance Income 400000 Golf Green Fee Revenue 250,378.25 214,546.00 35,832.25 692,538.80 855,900.00 (163,361.20) 401000 Miscellaneous Golf Revenue 6,202.00 4,475.00 1,727.00 17,034.00 15,755.00 1,279.00 410000 Revenue-Golf Shop 27,910.63 18,116.00 9,794.63 87,469.30 91,686.00 (4,216.70) 420000 Revenue-F&B Concession 1,500.00 1,500.00 - 6,000.00 6,000.00 - 890000 Interest Income 11.79 - 11.79 49.75 - 49.75 Total Income 286,002.67 238,637.00 47,365.67 803,091.85 969,341.00 (166,249.15) Cost of Goods Sold 510000 COS-Golf Shop 16,234.00 11,057.22 5,176.78 54,979.51 54,628.19 351.32 Total COS 16,234.00 11,057.22 5,176.78 54,979.51 54,628.19 351.32 Gross Profit 269,768.67 227,579.78 42,188.89 748,112.34 914,712.81 (166,600.47) 610000 Golf Pro Shop 21,280.96 17,769.00 3,511.96 81,906.56 98,148.00 (16,241.44) 630000 Course Maintenance 218,422.32 129,335.00 89,087.32 1,008,296.43 957,684.00 50,612.43 640000 Outside Services 27,118.22 30,523.00 (3,404.78) 109,548.27 155,776.00 (46,227.73) 650000 Clubhouse 13,828.39 17,265.00 (3,436.61) 72,436.10 100,612.00 (28,175.90) 660000 Marketing 20,231.37 28,242.00 (8,010.63) 85,778.54 120,127.00 (34,348.46) 670000 General & Administrative 27,815.01 28,148.00 (332.99) 147,027.02 154,188.00 (7,160.98) 680000 Leases 37,440.96 34,955.33 2,485.63 184,937.97 187,440.99 (2,503.02) 690000 Miscellaneous Other Expense 25,569.39 26,768.00 (1,198.61) 136,521.25 143,465.00 (6,943.75) Total Expenses 391,706.62 313,005.33 78,701.29 1,826,452.14 1,917,440.99 (90,988.85) Net Income (121,937.95) (85,425.55) (36,512.40) (1,078,339.80) (1,002,728.18) (75,611.62) Rounds of Golf Played Rounds Played 3,564 2,820 744 13,252 13,938 (686) Ave $ Per Round Green Fee 70.25 76.08 (5.83) 52.26 61.41 (9.15) Ave $ Per Round Merchandise 7.83 6.42 1.41 6.60 6.58 0.02 1 ACTUAL BUDGET VARIANCE SALES AND COST OF SALES Revenue Fees 256,580.25$ 219,021.00$ 37,559.25$ (To Include; Driving Range, Club Rental, Handicap Fees) Favorable variance: Ideal golf conditions for the end of December allowed for optimum playing conditions. As a result rounds of golf increased significantly. Pro Shop Merchandise Sales 27,910.63$ 18,116.00$ 9,794.63$ Favorable variance: Due to ideal conditions the number of golf rounds played increased giving more exposure to Pro Shop merchandise. Golf Pro Shop 21,280.96$ 17,769.00$ 3,511.96$ Unfavorable variance: One extra pay period of labor cost for the month of December. Course Maintenance 217,136.67$ 129,335.00$ 87,801.67$ Unfavorable variance: One extra pay period of labor cost for the month of December. During sod renovation old sod was removed and disposal fee's exceeded anticipated cost. In addition, overtime labor was used to cleanup and renovate damage from the October storm. Outside Services 27,118.22$ 30,523.00$ (3,404.78)$ Favorable variance: Reduced payroll in an effort to consolidate cartbarn and course services labor cost. Clubhouse 13,565.44$ 17,265.00$ (3,699.56)$ Favorable variance: No payment for Electric-Bldg. Marketing / Advertising 20,231.37$ 28,242.00$ (8,010.63)$ Favorable variance: Due to holidays and timing collateral materials were minimum. Leases 37,440.96$ 34,955.33$ 2,485.63$ Unfavorable variance: GPS payment include partial payment for November 2005. SilverRock Resort Variance Explanations December 2005 2 Income December Actual Budget Variance Actual Budget Variance 4000000 Revenue-Fees 250,378.25 214,546.00 35,832.25 692,538.80 855,900.00 (163,361.20) 4010000 Rider Fee 625.00 - 625.00 1,275.00 - 1,275.00 4040000 Club Rental 1,560.00 423.00 1,137.00 5,020.00 2,090.00 2,930.00 4050000 Driving Range 3,392.00 1,552.00 1,840.00 9,234.00 7,665.00 1,569.00 4060000 Handicap Fees 625.00 2,500.00 (1,875.00) 1,505.00 6,000.00 (4,495.00) Total Revenue Fees 256,580.25 219,021.00 37,559.25 709,572.80 871,655.00 (162,082.20) Total Income 256,580.25 219,021.00 37,559.25 709,572.80 871,655.00 (162,082.20) SilverRock Resort Statement of Fees Revenue December 2005 Month to Date Year to Date 3 Income December Actual Budget Variance Actual Budget Variance 4100000 Sales Miscellaneous 2,126.43 - 2,126.43 2,810.63 - 2,810.63 4100110 Sales Hard Goods 6,570.15 7,335.00 (764.85) 27,439.18 36,238.50 (8,799.32) 4100112 Sales-Soft Goods 24,832.25 11,002.00 13,830.25 76,011.25 54,355.50 21,655.75 5100639 GS-Discounts-Mdse (5,618.20) (221.00) (5,397.20) (18,791.76) 1,092.00 (19,883.76) Total Revenue Golf Shop 27,910.63 18,116.00 9,794.63 87,469.30 91,686.00 (4,216.70) COS 5100150 COS-GS-Hard Goods 4,365.23 4,423.01 (57.78) 18,461.64 21,851.82 (3,390.18) 5100151 COS-GS-Soft Goods 11,868.77 6,634.21 5,234.56 36,517.87 32,776.37 3,741.50 Cost of Sales - Golf Shop 16,234.00 11,057.22 5,176.78 54,979.51 54,628.19 351.32 Gross Profit 11,676.63 7,058.78 14,971.41 32,489.79 37,057.81 (4,568.02) COS % 58.2% 61.0% 2.9% 62.9% 59.6% -3.3% Expense 61-PS-SALARIES & BENEFITS 6101175 Employee Meals 140.94 300.00 (159.06) 1,910.67 1,560.00 350.67 6101320 Insurance Group 533.73 2,640.00 (2,106.27) 7,781.74 12,240.00 (4,458.26) 6101325 Insurance-Workers Comp 469.34 1,510.00 (1,040.66) 2,963.64 8,464.00 (5,500.36) 6101720 Salaries 3,347.52 3,333.00 14.52 15,510.32 19,998.00 (4,487.68) 6101800 Taxes-Employer Payroll 1,560.64 1,310.00 250.64 4,685.02 7,340.00 (2,654.98) 6101880 Wages-Hourly 10,234.75 7,185.00 3,049.75 31,926.50 38,950.00 (7,023.50) 6101882 Wages-Overtime 1,344.96 - 1,344.96 2,297.84 - 2,297.84 Total -PS-SALARIES & BENEFITS 17,631.88 16,278.00 1,353.88 67,075.73 88,552.00 (21,476.27) 61-PS-SUPPLIES & MATERIALS 6103742 Supplies-Expendable 19.21 500.00 (480.79) 1,310.37 2,600.00 (1,289.63) Total PS-SUPPLIES & MATERIALS 19.21 500.00 (480.79) 1,310.37 2,600.00 (1,289.63) 61-PS OTHER EXPENSES 6103762 Supplies-Office 631.65 50.00 581.65 2,038.73 600.00 1,438.73 6109090 Contract Services 500.00 500.00 - 3,000.00 3,000.00 - 6109197 Equipment Rental - - - 2,253.70 - 2,253.70 6109220 Freight & Delivery - 191.00 (191.00) 183.28 896.00 (712.72) 6109490 Miscellaneous - 50.00 (50.00) 57.03 150.00 (92.97) 6109500 ProShop-Over/Short 27.76 - 27.76 18.18 - 18.18 6109722 Seminars/Training 1,700.00 100.00 1,600.00 3,928.59 1,750.00 2,178.59 6109810 Travel - Merchandise - - - 48.00 - 48.00 6109820 Uniforms 641.38 100.00 541.38 1,386.94 600.00 786.94 6117840 Telephones 129.08 - 129.08 606.01 - 606.01 Total PS-OTHER EXPENSES 3,629.87 991.00 2,638.87 13,520.46 6,996.00 6,524.46 Total Expenses 21,280.96 17,769.00 3,511.96 81,906.56 98,148.00 (16,241.44) Net Income (9,604.33) (10,710.22) 1,105.89 (49,416.77) (61,090.19) 11,673.42 Month to Date Year to Date SilverRock Resort Golf Shop Income Statement December 2005 4 December Actual Budget Variance Actual Budget Variance Expense 63-CM-SALARIES & BENEFITS 6311175 Employee Meals 57.35 240.00 (182.65)1,040.60 1,440.00 (399.40) 6311320 Insurance-Group 6,761.03 5,880.00 881.03 59,904.37 35,280.00 24,624.37 6311325 Insurance-Workers Comp 4,050.12 8,072.00 (4,021.88) 27,489.54 51,844.00 (24,354.46) 6311720 Salaries 16,600.26 12,081.00 4,519.26 73,819.51 72,486.00 1,333.51 6311800 Taxes-Employer Payroll 8,917.97 6,998.00 1,919.97 36,968.91 45,523.00 (8,554.09) 6311880 Wages-Hourly 69,137.10 44,130.00 25,007.10 277,845.53 279,316.00 (1,470.47) 6311882 Wages-Overtime 22,951.10 - 22,951.10 95,807.29 13,846.00 81,961.29 Total-CM-SALARIES & BENEFITS 128,474.93 77,401.00 51,073.93 572,875.75 499,735.00 73,140.75 63-CM-SUPPLIES & MATERIALS 6313734 Chemicals - - - 5,730.14 - 5,730.14 6313744 Fertilizer 13,981.50 2,500.00 11,481.50 48,852.32 26,000.00 22,852.32 6313746 Flowers/Plants - 1,500.00 (1,500.00) 40.63 3,100.00 (3,059.37) 6313748 Fuel-Gasoline 3,983.16 1,300.00 2,683.16 23,969.68 9,800.00 14,169.68 6313750 Golf Course Accessories 1,395.21 250.00 1,145.21 5,603.53 2,900.00 2,703.53 6313756 Supplies-Lubricants & Oils 1,419.87 - 1,419.87 2,847.95 - 2,847.95 6313758 Miscellaneous Supp 235.84 50.00 185.84 5,142.97 300.00 4,842.97 6313762 Supplies-Office 521.12 - 521.12 2,474.48 - 2,474.48 6313766 Pesticides 2,447.31 2,100.00 347.31 15,459.72 7,550.00 7,909.72 6313774 Sand 4,726.07 800.00 3,926.07 7,624.17 5,780.00 1,844.17 6313776 Seed 2,122.68 350.00 1,772.68 86,345.99 82,650.00 3,695.99 6313778 Small Tools & Non-Capital Equip 364.06 - 364.06 6,991.07 5,900.00 1,091.07 6313780 Sod 4,785.62 250.00 4,535.62 5,292.65 2,000.00 3,292.65 6313782 Topdressing - - - - 3,000.00 (3,000.00) Total-CM-SUPPLIES & MATERIALS 35,982.44 9,100.00 26,882.44 216,375.30 148,980.00 67,395.30 63-CM-REPAIRS & MAINTENANCE 6315095 CM-R&M-Contract Lake Maint 465.98 - 465.98 11,503.72 4,500.00 7,003.72 6315685 CM-R&M-Bldngs & Other Structures 22.63 - 22.63 4,246.14 - 4,246.14 6315686 CM-R&M-Drainage 1,102.62 - 1,102.62 2,205.99 - 2,205.99 6315690 CM-R&M-Equipment 2,160.29 700.00 1,460.29 23,018.48 10,200.00 12,818.48 6315692 CM-R&M-Irrigation System 1,710.67 650.00 1,060.67 6,128.27 5,750.00 378.27 6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 2,439.82 3,000.00 (560.18) 6315815 CM-R&M-Trees-Pruning Etc 3,221.73 1,000.00 2,221.73 3,221.73 5,000.00 (1,778.27) Total-CM-REPAIRS & MAINTENANCE 8,683.92 3,350.00 5,333.92 52,764.15 28,450.00 24,314.15 63-CM-UTILTIES 6317830 Utilities-Electricity-Bldngs - 1,605.00 (1,605.00) 366.91 12,783.00 (12,416.09) 6317840 Telephones 1,019.80 325.00 694.80 5,549.22 1,950.00 3,599.22 Total-CM-UTILITIES 1,019.80 1,930.00 (910.20) 5,916.13 14,733.00 (8,816.87) 63-CM-OTHER EXPENSES 6319000 CM-Other Expenses - - - - - - 6319020 Auto Mileage/Allowance 500.00 500.00 - 3,000.00 3,000.00 - 6319100 Contract Svcs-Soil/Tissue Test - - - - 2,000.00 (2,000.00) 6319101 Contract Svcs-Trash Removal 23,304.79 800.00 22,504.79 27,691.58 12,000.00 15,691.58 6319150 Dues & Subscriptions - - - 135.00 500.00 (365.00) 6319170 Employee Education - 150.00 (150.00) - 1,620.00 (1,620.00) 6319197 Equipment Rental 109.78 100.00 9.78 12,675.67 2,300.00 10,375.67 6319206 Licenses & Permits - - - 4.00 500.00 (496.00) 6319490 Miscellaneous - 50.00 (50.00) 13,394.19 300.00 13,094.19 6319500 Propane/Natural Gas - 50.00 (50.00) - 300.00 (300.00) 6319718 Safety Equipment & Training 488.08 200.00 288.08 3,651.35 2,500.00 1,151.35 6319822 Uniforms 1,807.93 750.00 1,057.93 6,843.01 5,250.00 1,593.01 Total-CM-OTHER EXPENSES 26,210.58 2,600.00 23,610.58 67,394.80 30,270.00 37,124.80 Month to Date Year to Date SilverRock Resort Course Maintenance Expense Statement December 2005 5 December Actual Budget Variance Actual Budget Variance 632-CM-LANDSCAPE MAINTENANCE 632-CM-LM-SALARIES & BENEFITS 6321320 Insurance-Group 1,027.05 - 1,027.05 6,359.45 - 6,359.45 6321325 Insurance-Workers Comp 411.76 2,048.00 (1,636.24) 3,264.43 12,762.00 (9,497.57) 6321800 Taxes-Employer Payroll 874.01 1,776.00 (901.99) 4,917.40 11,271.00 (6,353.60) 6321880 Wages-Hourly 7,838.75 14,264.00 (6,425.25) 41,052.94 85,584.00 (44,531.06) 6321882 Wages-Overtime 3,586.16 - 3,586.16 18,351.21 4,939.00 13,412.21 Total-CM-LM-SALARIES & BENEFITS 13,737.73 18,088.00 (5,377.32) 73,945.43 114,556.00 (40,610.57) 632-CM-LM-SUPPLIES & MATERIALS 6323778 Small Tools 777.34 75.00 702.34 1,743.12 525.00 1,218.12 6323788 Uniforms 378.68 225.00 153.68 2,274.36 1,350.00 924.36 Total-CM-LM-SUPPLIES & MATERIALS 1,156.02 300.00 856.02 4,017.48 1,875.00 2,142.48 632-CM-LM-REPAIRS & MAINTENANCE 6325687 CM-LM-R&M-Drip Irrigation 1,285.65 - 1,285.65 4,102.08 2,000.00 2,102.08 Total-CM-LM-REPAIRS & MAINTENANCE - - 1,285.65 4,102.08 2,000.00 2,102.08 632-CM-WATER & ENERGY 6337834 Utilities-Electricity-Pumping - 15,171.00 (15,171.00) 237.50 108,095.00 (107,857.50) 6337842 Utilities-Water 1,871.25 1,395.00 476.25 10,667.81 8,990.00 1,677.81 Total-CM-WATER & ENERGY 1,871.25 16,566.00 (14,694.75) 10,905.31 117,085.00 (106,179.69) Total -COURSE MAINTENANCE 217,136.67 129,335.00 87,801.67 1,008,296.43 957,684.00 50,612.43 Month to Date Year to Date Silverrock Resort Course Maintenance Expense Statement December 2005 6 December Actual Budget Variance Actual Budget Variance Expense 641-CBR-SALARIES & BENEFITS 6411175 Employee Meals 222.53 540.00 (317.47) 2,495.13 2,520.00 (24.87) 6411320 Insurance-Group 301.63 1,080.00 (778.37) 601.90 5,040.00 (4,438.10) 6411325 Insurance-Workers Comp 417.78 1,567.00 (1,149.22) 2,728.03 6,392.00 (3,663.97) 6411800 Taxes-Employer Payroll 1,317.46 1,359.00 (41.54) 4,885.89 5,542.00 (656.11) 6411880 Wages-Hourly 11,887.90 10,913.00 974.90 42,949.25 44,517.00 (1,567.75) 6411882 Wages-Overtime 501.68 - 501.68 1,622.76 - 1,622.76 Total-CBR-SALARIES & BENEFITS 14,648.98 15,459.00 (810.02) 55,282.96 64,011.00 (8,728.04) 641-CBR-SUPPLIES & MATERIALS 6413732 Supplies-Carts - 500.00 (500.00) 435.63 2,000.00 (1,564.37) 6413752 Supplies-Range Balls - - - - 6,000.00 (6,000.00) 6413742 Supplies-Expendable 2,494.69 150.00 2,344.69 5,988.12 10,100.00 (4,111.88) 6413762 Supplies-Office - 50.00 (50.00) 64.64 400.00 (335.36) 6413786 Supplies-Towels 402.14 72.00 330.14 1,520.89 2,360.00 (839.11) 6413796 Supplies-Bottled Water 1,205.70 1,693.00 (487.30) 11,973.37 8,362.00 3,611.37 Total-CBR-SUPPLIES & MATERIALS 4,102.53 2,465.00 1,637.53 19,982.65 29,222.00 (9,239.35) 641-CBR-REPAIRS & MAINTENANCE 6415096 CBR-R&M-Contract Services-Carts 1,440.00 720.00 720.00 2,880.00 4,320.00 (1,440.00) 6415690 CBR-R&M-Equipment 96.56 125.00 (28.44) 262.44 750.00 (487.56) 6415695 CBR-R&M-Cart Maintenance & Repair - 150.00 (150.00) 368.41 900.00 (531.59) Total-CBR-REPAIRS & MAINTENANCE 1,536.56 995.00 541.56 3,510.85 5,970.00 (2,459.15) 641-CBR-OTHER EXPENSES 6419093 Contract Services-Handicaps - 1,250.00 (1,250.00) 280.00 2,550.00 (2,270.00) 6419094 Contract Services-Laundry/Linen 585.66 55.00 530.66 2,296.53 330.00 1,966.53 6419220 Freight/Delivery - 25.00 (25.00) - 150.00 (150.00) 6419490 Miscellaneous - 125.00 (125.00) 381.14 750.00 (368.86) 6419820 Uniforms 194.53 - 194.53 2,269.67 2,500.00 (230.33) Total-CBR-OTHER EXPENSES 780.19 1,455.00 (674.81) 5,227.34 6,280.00 (1,052.66) TOTAL-CARTS,BAGROOM & RANGE 21,068.26 20,374.00 694.26 84,003.80 105,483.00 (21,479.20) 643-CS-SALARIES & BENEFITS 6431175 Employee Meals 203.47 300.00 (96.53) 1,359.78 1,320.00 39.78 6431320 Insurance-Group - 600.00 (600.00) 958.00 3,600.00 (2,642.00) 6431325 Insurance-Workers Comp 161.77 1,011.00 (849.23) 912.51 4,910.00 (3,997.49) 6431800 Taxes-Employer Payroll 570.91 876.00 (305.09) 3,671.06 4,256.00 (584.94) 6431880 Wages-Hourly 4,819.50 7,037.00 (2,217.50) 16,970.70 34,182.00 (17,211.30) 6431882 Wages-Overtime 99.78 - 99.78 359.69 - 359.69 Total-CS-SALARIES & BENEFITS 5,855.43 9,824.00 (3,968.57) 24,231.74 48,268.00 (24,036.26) 643-CS-OTHER EXPENSES 6433742 Supplies Expendable - 100.00 (100.00) 471.58 500.00 (28.42) 6439490 Miscellaneous - 50.00 (50.00) - 250.00 (250.00) 6439718 Safety Equipment & Training - 100.00 (100.00) - 600.00 (600.00) 6439820 Uniforms 194.53 75.00 119.53 841.15 675.00 166.15 Total-CS-OTHER EXPENSES 194.53 325.00 (130.47) 1,312.73 2,025.00 (712.27) Total-COURSE SERVICES 6,049.96 10,149.00 (4,099.04) 25,544.47 50,293.00 (24,748.53) TOTAL OUTSIDE SERVICES 27,118.22 30,523.00 (3,404.78) 109,548.27 155,776.00 (46,227.73) Month to Date SilverRock Resort Outside Services Expense Statement December 2005 Year to Date 7 SilverRock Resort Clubhouse Expense Statement December 2005 Month to Date Year to Date December Actual Budget Variance Actual Budget Variance Expense 65-CH-SUPPLIES & MATERIALS 6503742 Supplies-Expendable 574.65 300.00 274.65 3,707.28 1,800.00 1,907.28 Total-CH-SUPPLIES & MATERIALS 574.65 300.00 274.65 3,707.28 1,800.00 1,907.28 65-CH-UTILITIES 6507830 Utilities-Electric-Bldgs - 2,715.00 (2,715.00) - 19,912.00 (19,912.00) 6507836 Utilities-Natural Gas 966.83 200.00 766.83 1,312.14 1,200.00 112.14 6507838 Utilities-Sewer - 200.00 (200.00) - 1,200.00 (1,200.00) 6507840 Utilities-Telephone 1,114.29 1,000.00 114.29 6,167.01 6,000.00 167.01 6507842 Utilities-Water 118.04 200.00 (81.96) 967.57 1,200.00 (232.43) 6507844 Utilities-Cable 262.95 - 262.95 875.91 - - Total-CH-UTILITIES 2,462.11 4,315.00 (1,852.89) 9,322.63 29,512.00 (21,065.28) 65-CH-OTHER EXPENSES 6509091 Contract Services-Cleaning 1,750.00 1,750.00 - 10,499.90 10,500.00 (0.10) 6509098 Contract Services-Refuse Dispose 384.43 300.00 84.43 2,770.47 1,800.00 970.47 6509099 Contract Services-Security 8,167.76 8,250.00 (82.24) 42,843.35 49,500.00 (6,656.65) 6509215 Flowers & Decorations 296.00 1,500.00 (1,204.00) 296.00 2,000.00 (1,704.00) 6509490 Miscellaneous - - - 1,235.46 - 1,235.46 6509718 Safety Equipment & Training - 100.00 (100.00) 250.00 1,000.00 (750.00) Total-CH-OTHER EXPENSES 10,598.19 11,900.00 (1,301.81) 57,895.18 64,800.00 (6,904.82) 65-CH-REPAIRS & MAINTENANCE 6515685 CH-R&M-Building Structures - 250.00 (250.00) 730.54 1,500.00 (769.46) 6515686 CH-R&M-Restaurant Repairs - 250.00 (250.00) - 1,500.00 (1,500.00) 6515690 CH-R&M-Equipment Repair 193.44 250.00 (56.56) 780.47 1,500.00 (719.53) Total-CH-REPAIRS & MAINTENANCE 193.44 750.00 (556.56) 1,511.01 4,500.00 (2,988.99) Total CLUBHOUSE 13,828.39 17,265.00 (3,436.61) 72,436.10 100,612.00 (29,051.81) 8 December Actual Budget Variance Actual Budget Variance Expense 66-MKT-SALARIES & BENEFITS 6601175 Employee Meals - 60.00 (60.00) 434.95 360.00 74.95 6601320 Insurance-Group - 360.00 (360.00) - 2,160.00 (2,160.00) 6601325 Insurance-Workers Comp 191.15 431.00 (239.85) 1,215.20 2,586.00 (1,370.80) 6601720 Salaries 4,038.45 3,000.00 1,038.45 18,881.35 18,000.00 881.35 6601800 Taxes-Employer Payroll 308.94 374.00 (65.06) 1,444.44 2,244.00 (799.56) Total-MKT-SALARIES & BENEFITS 4,538.54 4,225.00 313.54 21,975.94 25,350.00 (3,374.06) 66-MKT-SUPPLIES & MATERIALS 6603762 Supplies-Office 67.68 100.00 (32.32) 576.50 1,000.00 (423.50) 6603768 Supplies-Printing & Stationery - 200.00 (200.00) 351.80 5,600.00 (5,248.20) 67.68 300.00 (232.32) 928.30 6,600.00 (5,671.70) 66-MKT-UTILITIES 6607840 Utilities-Telephone 143.42 100.00 43.42 620.21 600.00 20.21 Total-MKT-UTILITIES 143.42 100.00 43.42 620.21 600.00 20.21 66-MKT-OTHER EXPENSES 6609010 Advertising 15,265.32 14,167.00 1,098.32 59,092.50 54,002.00 5,090.50 6609040 Business Meals - 100.00 (100.00) - 600.00 (600.00) 6609080 Collateral Material - 5,000.00 (5,000.00) 412.68 19,500.00 (19,087.32) 6609102 Contract Services-Web Page 99.00 150.00 (51.00) 1,093.00 900.00 193.00 6609490 Miscellaneous - 50.00 (50.00) - 150.00 (150.00) 6609620 Postage 117.41 100.00 17.41 117.41 600.00 (482.59) 6609630 Promotion - 2,500.00 (2,500.00) 200.00 6,500.00 (6,300.00) 6609633 Promotion-Community - 1,500.00 (1,500.00) 811.00 4,725.00 (3,914.00) 6609634 Promotion-Media/Vendor - - - 500.00 - 500.00 6609820 Uniforms - 50.00 (50.00) 27.50 600.00 (572.50) Total-MKT-OTHER EXPENSES 15,481.73 23,617.00 (8,135.27) 62,254.09 87,577.00 (25,322.91) Total-MARKETING 20,231.37 28,242.00 (8,010.63) 85,778.54 120,127.00 (34,348.46) Month to Date SilverRock Resort Marketing Expense Statement December 2005 Year to Date 9 December Actual Budget Variance Actual Budget Variance Expense 67-G&A-SALARIES & BENEFITS 6701175 Employee Meals 63.30 180.00 (116.70) 1,272.27 1,080.00 192.27 6701320 Insurance-Group (75.75) 3,480.00 (3,555.75) 11,711.59 14,880.00 (3,168.41) 6701325 Insurance-Workers Comp 980.64 2,252.00 (1,271.36) 5,432.19 13,512.00 (8,079.81) 6701720 Salaries 19,477.08 13,083.00 6,394.08 81,715.91 78,498.00 3,217.91 6701800 Taxes-Employer Payroll 1,398.98 1,953.00 (554.02) 7,987.43 11,718.00 (3,730.57) 6701880 Wages-Hourly 2,097.06 2,600.00 (502.94) 20,345.13 15,600.00 4,745.13 6701882 Wages-Overtime 598.70 - 598.70 3,412.95 - 3,412.95 Total-G&A-SALARIES & BENEFITS 24,540.01 23,548.00 992.01 131,877.47 135,288.00 (3,410.53) 67-G&A-SUPPLIES & MATERIALS 6703740 Supplies-Computer 49.55 200.00 (150.45) 49.55 1,200.00 (1,150.45) 6703762 Supplies-Office 377.93 100.00 277.93 1,244.11 600.00 644.11 6703768 Supplies-Printing & Stationery 175.99 500.00 (324.01) 1,063.18 900.00 163.18 6703778 Supplies-Small Tools/Non-Capital - 100.00 (100.00) 685.05 400.00 285.05 Total-G&A-SUPPLIES & MATERIALS 603.47 900.00 (296.53) 3,041.89 3,100.00 (58.11) 67-G&A-REPAIRS & MAINTENANCE 6705690 Repairs & Maintenance-Equipment 212.50 100.00 112.50 807.50 600.00 207.50 Total-G&A-REPAIRS & MAINTENANCE 212.50 100.00 112.50 807.50 600.00 207.50 67-G&A-OTHER EXPENSES 6709020 Auto/Mileage Allowance 400.00 400.00 - 2,466.31 2,400.00 66.31 6709090 Contract Services 495.00 - 495.00 495.00 - 495.00 6709150 Dues & Subscriptions - 250.00 (250.00) - 700.00 (700.00) 6709180 Employee Recruiting/Relocation 252.00 500.00 (248.00) 3,179.96 2,000.00 1,179.96 6709197 Equipment Rental 406.10 200.00 206.10 3,392.50 1,200.00 2,192.50 6709202 Fees-Bank 44.00 300.00 (256.00) 173.24 1,800.00 (1,626.76) 6709208 Fees-Payroll Processing 645.22 - 645.22 2,739.46 - 2,739.46 6709220 Freight/Delivery (43.33) 50.00 (93.33) 818.67 300.00 518.67 6709490 Miscellaneous - 100.00 (100.00) 245.90 600.00 (354.10) 6709620 Postage/Mail Services - 100.00 (100.00) 320.00 500.00 (180.00) 6709625 Professional Fees 200.00 500.00 (300.00) 540.00 3,000.00 (2,460.00) 6709636 Promotion/Entertainment - 1,000.00 (1,000.00) 83.58 1,500.00 (1,416.42) 6709722 Seminars & Training - 100.00 (100.00) 270.00 600.00 (330.00) 6709810 Travel - - - 342.95 - 342.95 6709820 Uniforms 60.04 100.00 (39.96) 60.04 600.00 (539.96) Total-G&A-OTHER EXPENSES 2,459.03 3,600.00 (1,140.97) 15,127.61 15,200.00 (72.39) Total-GENERAL & ADMINISTRATIVE 27,815.01 28,148.00 (332.99) 150,854.47 154,188.00 (3,333.53) Month to Date SilverRock Resort General & Administrative Expense Statement December 2005 Year to Date 10 December Actual Budget Variance Actual Budget Variance Expense 68-LEASES 6800192 Equipment Leases-Carts 8,020.85 8,050.00 (29.15) 51,520.94 48,300.00 3,220.94 6800193 Equipment Leases-Course Maint 17,054.49 17,250.00 (195.51) 99,410.22 103,500.00 (4,089.78) 6800194 Equipment Leases-Trailer - 850.00 (850.00) 1,552.05 5,100.00 (3,547.95) 6800195 Equipment Leases-Software 1,372.93 1,375.00 (2.07) 6,864.65 8,250.00 (1,385.35) 6800196 Equipment Leases-GPS 10,992.69 7,430.33 3,562.36 25,590.11 22,290.99 3,299.12 Total-LEASES 37,440.96 34,955.33 2,485.63 184,937.97 187,440.99 (2,503.02) 69-MISC OTHER EXPENSES 6900096 Contract Srvcs-Management Fee 7,500.00 16,991.00 (9,491.00) 45,000.00 83,861.00 (38,861.00) 6900097 Contract Srvcs-Golf Ops-Management Fee - - - 506.60 - 506.60 6900098 Contract Srvcs-Management Fee-F&B 12,349.34 - 12,349.34 52,324.51 10,239.00 42,085.51 6900210 FF&E Reserve 5,720.05 4,777.00 943.05 15,696.57 19,365.00 (3,668.43) 6900323 Insurance-Commercial - 5,000.00 (5,000.00) 22,993.57 30,000.00 (7,006.43) Total-MISC OTHER EXPENSES 25,569.39 26,768.00 (1,198.61) 136,521.25 143,465.00 (6,943.75) SilverRock Resort Operating Leases & Miscellaneous Other Expense Statement December 2005 Month to Date Year to Date 11 Special Projects Project Expense to Date SPECIAL PROJECTS (CURRENT) Actual Project Budget % of Project Drainage 332,000.00$ 332,000.00$ 100.00% Landscape 143,000.00$ 143,000.00$ 100.00% SOD 49,897.04$ 50,000.00$ 99.79% Landmark Contract Services 19,950.00$ 21,000.00$ 95.00% Total Special Projects 544,847.04$ 546,000.00$ 99.79% 12