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07 January 2006 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2005 – January 2006 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Golf Shop Income Statement 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 SilverRock ResortSummary Operating Income StatementJanuary 2006Account Description JanuaryFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000Golf Green Fee Revenue328,970.25 455,800.00 (126,829.75) -27.8%1,021,509.05 1,311,700.00 (290,190.95) 3,175,395.00 2,153,885.95 32%401000Miscellaneous Golf Revenue8,425.00 4,025.00 4,400.00 109.3%25,459.00 19,780.00 5,679.00 34,470.00 9,011.00 74%410000Revenue-Golf Shop30,116.27 28,089.00 2,027.27 7.2%117,585.57 117,252.00 333.57 245,790.50 128,204.93 48%420000Revenue-F&B Concession1,500.00 1,500.00 - 0.0%7,500.00 7,500.00 - 12,000.00 4,500.00 63%890000Interest Income7.01 - 7.01 - 56.76 - 56.76 - (56.76) Total Income369,018.53 489,414.00 (120,395.47) -24.6%1,172,110.38 1,456,232.00 (284,121.62) 3,467,655.50 2,295,545.12 34%Cost of Goods Sold510000COS-Golf Shop17,182.50 16,937.67 244.83 -1.4%72,162.01 71,565.86 (596.15) 147,455.77 75,293.76 49%Total COS17,182.50 16,937.67 244.83 -1.4%72,162.01 71,565.86 (596.15) 147,455.77 75,293.76 49%Gross Profit351,836.03 472,476.33 (120,640.30) -25.5%1,099,948.37 1,384,666.14 (284,717.77) 3,320,199.73 2,220,251.36 33%610000Golf Pro Shop16,444.61 17,577.00 1,132.39 6.4%98,351.17 115,725.00 17,373.83 200,010.00 101,658.83 49%630000Course Maintenance132,152.16 130,385.00 (1,767.16) -1.4%1,140,448.59 1,088,069.00 (52,379.59) 1,746,916.00 606,467.41 65%640000Outside Services21,463.20 30,938.00 9,474.80 30.6%131,011.47 186,714.00 55,702.53 336,789.00 205,777.53 39%650000Clubhouse11,349.07 16,770.00 5,420.93 32.3%83,785.27 117,382.00 33,596.73 206,756.00 122,970.73 41%660000Marketing24,825.20 33,977.00 9,151.80 26.9%110,603.41 154,104.00 43,500.59 250,692.00 140,088.59 44%670000General & Administrative23,402.01 26,598.00 3,195.99 12.0%170,429.03 180,786.00 10,356.97 315,272.00 144,842.97 54%680000Leases36,405.65 34,955.33 (1,450.32) -4.1%221,343.62 222,396.32 1,052.70 397,172.97 175,829.35 56%690000Miscellaneous Other Expense18,210.24 21,398.00 3,187.76 14.9%174,174.89 178,863.00 4,688.11 281,307.00 107,132.11 62%Total Expenses284,252.14 312,598.33 28,346.19 9.1%2,130,147.45 2,244,039.32 113,891.87 3,734,914.97 1,604,767.52 57%Net Income67,583.89 159,878.00 (92,294.11) -57.7%(1,030,199.08) (859,373.18) (170,825.90) (414,715.24) 615,483.84 248%Rounds of Golf PlayedRounds Played3,944 4,321 (377) -8.7%17,196 18,259 (1,063) 37,814 20,618 45%Ave $ Per Round Green Fee83.41 105.48 (22.07) -20.9%59.40 71.84 (12.43) 83.97 25 71%Ave $ Per Round Merchandise7.64 6.50 1.14 17.5%6.84 6.42 0.42 6.50 (0) 105%1 Income JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 328,970.25 455,800.00 (126,829.75) 1,021,509.05 1,311,700.00 (290,190.95) 3,175,395.00 2,153,885.95 32%4010000 Rider Fee 575.00 - 575.00 1,850.00 - 1,850.00 0.00 0.00 0%4040000 Club Rental 2,245.00 648.00 1,597.00 7,265.00 2,738.00 4,527.00 5,672.00 (1,593.00) 128%4050000 Driving Range 4,965.00 2,377.00 2,588.00 14,199.00 10,042.00 4,157.00 20,798.00 6,599.00 68%4060000 Handicap Fees 640.00 1,000.00 (360.00) 2,145.00 7,000.00 (4,855.00) 8,000.00 5,855.00 27% Total Revenue Fees 337,395.25 459,825.00 (122,429.75) 1,046,968.05 1,331,480.00 (284,511.95) 3,209,865.00 2,164,746.95 33%Total Income337,395.25 459,825.00 (122,429.75) 1,046,968.05 1,331,480.00 (284,511.95) 3,209,865.00 2,164,746.95 33%SilverRock ResortStatement of Fees RevenueJanuary 2006Month to Date Year to Date Annual Budget2 SilverRock ResortGolf Shop Income StatementJanuary 2006Month to DateYear to DateAnnual BudgetIncome JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous1,691.84 - 1,691.84 4,502.47 - 4,502.47 4100110 Sales Hard Goods7,916.43 11,236.00 (3,319.57) 35,355.61 47,474.50 (12,118.89) 98,316.50 62,960.89 36%4100112 Sales-Soft Goods25,684.50 16,853.00 8,831.50 101,695.75 71,208.50 30,487.25 147,474.00 45,778.25 69%5100639 GS-Discounts-Mdse(5,176.50) (339.00) (4,837.50) (23,968.26) (1,431.00) (22,537.26) (2,964.00) 21,004.26 -809% Total Revenue Golf Shop30,116.27 27,750.00 2,366.27 117,585.57 117,252.00 333.57 242,826.50 129,743.40 47%COS 5100150 COS-GS-Hard Goods3,626.82 6,775.31 (3,148.49) 22,088.46 28,627.13 (6,538.67) 59,284.85 37,196.39 37%5100151 COS-GS-Soft Goods13,555.68 10,162.36 3,393.32 50,073.55 42,938.73 7,134.82 88,925.92 38,852.37 56%Cost of Sales - Golf Shop17,182.50 16,937.67 244.83 72,162.01 71,565.86 596.15 148,210.77 76,048.76 49%Gross Profit12,933.77 10,812.33 2,121.44 45,423.56 45,686.14 (262.58) 94,615.73 53,694.64 43%COS %57.1%61.0%10.3%61.4%61.0%178.7%61.0%58.6%4%Expense61-PS-SALARIES & BENEFITS- 6101175 Employee Meals188.87 300.00 (111.13) 2,099.54 1,860.00 239.54 3,240.00 1,140.46 65%6101320 Insurance Group1,395.57 2,640.00 (1,244.43) 9,177.31 14,880.00 (5,702.69) 28,080.00 18,902.69 33%6101325 Insurance-Workers Comp469.34 1,510.00 (1,040.66) 3,432.98 9,974.00 (6,541.02) 17,229.00 13,796.02 20%6101720 Salaries3,121.32 3,333.00 (211.68) 18,631.64 23,331.00 (4,699.36) 39,996.00 21,364.36 47%6101800 Taxes-Employer Payroll1,427.98 1,310.00 117.98 6,113.00 8,650.00 (2,537.00) 14,940.00 8,827.00 41%6101880 Wages-Hourly8,022.57 7,185.00 837.57 39,949.07 46,135.00 (6,185.93) 79,980.00 40,030.93 50%6101882 Wages-Overtime815.28 - 815.28 3,113.12 - 3,113.12 - 952.88 0%Total -PS-SALARIES & BENEFITS15,440.93 16,278.00 (837.07) 82,516.66 104,830.00 (22,313.34) 183465.00105,014.34 43%61-PS-SUPPLIES & MATERIALS6103742 Supplies-Expendable- 200.00 (200.00) 1,310.37 2,800.00 (1,489.63) 3,800.00 2,489.63 34%Total PS-SUPPLIES & MATERIALS- 200.00 (200.00) 1,310.37 2,800.00 (1,489.63) 3,800.00 2,489.63 34%61-PS OTHER EXPENSES6103762 Supplies-Office187.53 45.00 142.53 2,226.26 645.00 1,581.26 870.00 (1,356.26) 256%6109090 Contract Services- 500.00 (500.00) 3,000.00 3,500.00 (500.00) 6,000.00 3,000.00 50%6109197 Equipment Rental- - - 2,253.70 - 2,253.70 - (2,253.70) 0%6109220 Freight & Delivery109.14 254.00 (144.86) 292.42 1,150.00 (857.58) 75.00 (217.42) 390%6109490 Miscellaneous33.37 50.00 (16.63) 90.40 200.00 (109.60) 450.00 359.60 20%6109150 Dues and Subscriptions114.18 - 114.18 114.18 - 114.18 1,500.00 1,385.82 8%6109500 ProShop-Over/Short(2.97) - (2.97) 15.21 - 15.21 - (15.21) 0%6109722 Seminars/Training- 35.00 (35.00) 3,928.59 1,785.00 2,143.59 1,960.00 (1,968.59) 200%6109810 Travel - Merchandise- 15.00 (15.00) 48.00 15.00 33.00 90.00 42.00 53%6109820 Uniforms346.15 200.00 146.15 1,733.09 800.00 933.09 1,800.00 66.91 96%6117840 Telephones216.28 - 216.28 822.29 - 822.29 - (822.29) 0%Total PS-OTHER EXPENSES1,003.68 1,099.00 (95.32) 14,524.14 8,095.00 6,429.14 12,745.00 (1,779.14) 114%Total Expenses16,444.61 17,577.00 (1,132.39) 98,351.17 115,725.00 (17,373.83) 200,010.00 103,235.20 48%Net Income(3,510.84) (6,764.67) 3,253.83 (52,927.61) (70,038.86) 17,111.25 (105,394.27) (49,540.56) -53%3 January Finals Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311175 Employee Meals 50.10 240.00 (189.90)1,090.70 1,680.00 (589.30) 2,880.00 1,789.30 62.1%6311320 Insurance-Group 8,687.65 5,880.00 2,807.65 68,592.02 41,160.00 27,432.02 70,560.00 1,967.98 2.8%6311325 Insurance-Workers Comp 4,050.12 8,754.00 (4,703.88) 31,539.66 60,598.00 (29,058.34) 102,328.00 70,788.34 69.2%6311720 Salaries 11,066.84 12,081.00 (1,014.16) 84,886.35 84,567.00 319.35 144,980.00 60,093.65 41.4%6311800 Taxes-Employer Payroll 7,347.09 7,705.00 (357.91) 44,316.00 53,228.00 (8,912.00) 89,637.00 45,321.00 50.6%6311880 Wages-Hourly 45,253.12 47,037.00 (1,783.88) 323,098.65 326,353.00 (3,254.35) 552,841.00 229,742.35 41.6%6311882 Wages-Overtime 4,788.73 2,769.00 2,019.73 100,596.02 16,615.00 83,981.02 22,153.00 (78,443.02) -354.1%Total-CM-SALARIES & BENEFITS81,243.65 84,466.00 (3,222.35) 654,119.40 584,201.00 69,918.40 985,379.00 331,259.60 33.6%63-CM-SUPPLIES & MATERIALS6313734 Chemicals - - - 5,730.14 - 5,730.14 (5,730.14) 0.0%6313744 Fertilizer 6,573.19 1,500.00 5,073.19 55,425.51 27,500.00 27,925.51 48,000.00 (7,425.51) -15.5%6313746 Flowers/Plants - 2,000.00 (2,000.00) 40.63 5,100.00 (5,059.37) 5,500.00 5,459.37 99.3%6313748 Fuel-Gasoline 2,918.57 1,100.00 1,818.57 26,888.25 10,900.00 15,988.25 17,800.00 (9,088.25) -51.1%6313750 Golf Course Accessories - 250.00 (250.00) 5,603.53 3,150.00 2,453.53 3,650.00 (1,953.53) -53.5%6313756 Supplies-Lubricants & Oils 12.80 - 12.80 2,860.75 - 2,860.75 - (2,860.75) 0.0%6313758 Miscellaneous Supp (98.16) 50.00 (148.16) 5,044.81 350.00 4,694.81 600.00 (4,444.81) -740.8%6313762 Supplies-Office 655.53 - 655.53 3,130.01 - 3,130.01 - (3,130.01) 0.0%6313766 Pesticides 249.49 3,100.00 (2,850.51) 15,709.21 10,650.00 5,059.21 13,050.00 (2,659.21) -20.4%6313774 Sand - 380.00 (380.00) 7,624.17 6,160.00 1,464.17 6,660.00 (964.17) -14.5%6313776 Seed - 350.00 (350.00) 86,345.99 83,000.00 3,345.99 84,750.00 (1,595.99) -1.9%6313778 Small Tools & Non-Capital Equip 15.02 100.00 (84.98) 7,006.09 6,000.00 1,006.09 6,700.00 (306.09) -4.6%6313780 Sod 640.85 500.00 140.85 5,933.50 2,500.00 3,433.50 4,000.00 (1,933.50) -48.3%6313782 Topdressing - - - - 3,000.00 (3,000.00) 4,000.00 4,000.00 100.0%Total-CM-SUPPLIES & MATERIALS10,967.29 9,330.00 1,637.29 227,342.59 158,310.00 69,032.59 194,710.00 (32,632.59) -16.8%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 625.24 - 625.24 12,128.96 4,500.00 7,628.96 12,000.00 (128.96) -1.1%6315685 CM-R&M-Bldngs & Othr Structures - 250.00 (250.00) 4,246.14 250.00 3,996.14 500.00 (3,746.14) -749.2%6315686 CM-R&M- Drainage (351.21) - (351.21) 1,854.78 - 1,854.78 - (1,854.78) 0.0%6315690 CM-R&M-Equipment 1,562.60 700.00 862.60 24,581.08 10,900.00 13,681.08 15,200.00 (9,381.08) -61.7%6315692 CM-R&M-Irrigation System 1,115.34 650.00 465.34 7,243.61 6,400.00 843.61 9,650.00 2,406.39 24.9%6315696 CM-R&M-Pumps - - - 2,439.82 3,000.00 (560.18) 5,000.00 2,560.18 51.2%6315815 CM-R&M-Trees-Pruning Etc245.57 - 245.57 3,467.30 5,000.00 (1,532.70) 5,000.00 1,532.70 30.7%Total-CM-REPAIRS & MAINTENANCE 3,197.54 1,600.00 1,597.54 55,961.69 30,050.00 25,911.69 47,350.00 (8,611.69) -18.2%63-CM-UTILTIES6317830 Utilities-Electricity-Bldngs - 1,109.00 (1,109.00) 366.91 13,892.00 (13,525.09) 22,080.00 21,713.09 98.3%6317840 Telephones 1,896.59 325.00 1,571.59 7,445.81 2,275.00 5,170.81 3,900.00 (3,545.81) -90.9%Total-CM-UTILITIES 1,896.59 1,434.00 462.59 7,812.72 16,167.00 (8,354.28) 25,980.00 18,167.28 69.9%63-CM-OTHER EXPENSES6319000 CM-Other Expenses - - - - - - - 6319020 Auto Mileage/Allowance 500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 41.7%6319100 Contract Svcs-Soil/Tissue Test - - - - 2,000.00 (2,000.00) 4,000.00 4,000.00 100.0%6319101 Contract Svcs-Trash Removal 1,434.11 900.00 534.11 29,125.69 12,900.00 16,225.69 17,000.00 (12,125.69) -71.3%6319150 Dues & Subscriptions - - - 135.00 500.00 (365.00) 1,000.00 865.00 86.5%6319170 Employee Education - - - - 1,620.00 (1,620.00) 2,600.00 2,600.00 100.0%6319197 Equipment Rental - 1,100.00 (1,100.00) 12,675.67 3,400.00 9,275.67 3,900.00 (8,775.67) -225.0%6319206 Licenses & Permits - 1,000.00 (1,000.00) 4.00 1,500.00 (1,496.00) 2,000.00 1,996.00 99.8%6319490 Miscellaneous 15.00 50.00 (35.00) 13,409.19 350.00 13,059.19 600.00 (12,809.19) -2134.9%6319500 Propane/Natural Gas - 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6319718 Safety Equipment & Training 183.49 200.00 (16.51) 3,834.84 2,700.00 1,134.84 3,400.00 (434.84) -12.8%6319822 Uniforms 791.80 750.00 41.80 7,634.81 6,000.00 1,634.81 9,750.00 2,115.19 21.7%Total-CM-OTHER EXPENSES 2,924.40 4,550.00 (1,625.60) 70,319.20 34,820.00 35,499.20 50,850.00 (19,469.20) -38.3%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJanuary 2006Annual Budget4 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 986.00 - 986.00 7,345.45 - 7,345.45 - (7,345.45) 0.0%6321325 Insurance-Workers Comp 411.76 2,143.00 (1,731.24) 3,676.19 14,905.00 (11,228.81) 25,335.00 21,658.81 85.5%6321800 Taxes-Employer Payroll 793.89 1,899.00 (1,105.11) 5,711.29 13,170.00 (7,458.71) 22,296.00 16,584.71 74.4%6321880 Wages-Hourly 24,279.04 14,264.00 10,015.04 65,331.98 99,848.00 (34,516.02) 171,168.00 105,836.02 61.8%6321882 Wages-Overtime 3,930.41 988.00 2,942.41 22,281.62 5,927.00 16,354.62 7,903.00 (14,378.62) -181.9%Total-CM-LM-SALARIES & BENEFITS30,401.10 19,294.00 11,107.10 104,346.53 133,850.00 (29,503.47) 226702.00129,700.92 57.2%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 100.00 (100.00) 1,743.12 625.00 1,118.12 1,025.00 (718.12) -70.1%6323788 Uniforms 227.46 225.00 2.46 2,501.82 1,575.00 926.82 2,850.00 348.18 12.2%Total-CM-LM-SUPPLIES & MATERIALS227.46 325.00 (97.54) 4,244.94 2,200.00 2,044.94 3,875.00 (369.94) -9.5%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation 318.00 250.00 68.00 4,420.08 2,250.00 2,170.08 3,750.00 (670.08) -17.9%Total-CM-LM-REPAIRS & MAINTENANCE 318.00 250.00 68.00 4,420.08 2,250.00 2,170.08 3,750.00 (670.08) -17.9%632-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping - 7,586.00 (7,586.00) 237.50 115,681.00 (115,443.50) 189,642.00 189,404.50 99.9%6337842 Utilities-Water976.13 1,550.00 (573.87) 11,643.94 10,540.00 1,103.94 18,678.00 7,034.06 37.7%Total-CM-WATER & ENERGY976.13 9,136.00 (8,159.87) 11,881.44 126,221.00 (114,339.56) 208,320.00 196,438.56 94.3%Total -COURSE MAINTENANCE132,152.16 130,385.00 1,767.16 1,140,448.59 1,088,069.00 52,379.59 1,746,916.00 613,812.86 35.1%Month to Date Year to DateSilverrock ResortCourse Maintenance Expense StatementJanuary 2006Annual Budget5 January Finals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411175 Employee Meals 216.57 540.00 (323.43) 2,711.70 3,060.00 (348.30) 5,580.00 2,868.30 51.4%6411320 Insurance-Group 1,410.42 1,080.00 330.42 2,012.32 6,120.00 (4,107.68) 11,160.00 9,147.68 82.0%6411325 Insurance-Workers Comp 417.78 1,567.00 (1,149.22) 3,145.81 7,959.00 (4,813.19) 15,346.00 12,200.19 79.5%6411800 Taxes-Employer Payroll 1,073.39 1,359.00 (285.61) 5,959.28 6,901.00 (941.72) 13,307.00 7,347.72 55.2%6411880 Wages-Hourly 8,493.77 10,913.00 (2,419.23) 51,443.02 55,430.00 (3,986.98) 106,875.00 55,431.98 51.9%6411882 Wages-Overtime 281.66 - 281.66 1,904.42 - 1,904.42 - (1,904.42) 0.0%Total-CBR-SALARIES & BENEFITS11,893.59 15,459.00 (3,565.41) 67,176.55 79,470.00 (12,293.45) 152,268.00 85,091.45 55.9%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 371.70 75.00 296.70 807.33 2,075.00 (1,267.67) 2,450.00 1,642.67 67.0%6413742 Supplies-Expendable 348.72 150.00 198.72 6,336.84 10,250.00 (3,913.16) 23,900.00 17,563.16 73.5% 6413752 Supplies-Range Balls- - - - 6,000.00 (6,000.00) 6,000.00 6,000.00 100.0%6413762 Supplies-Office 10.76 50.00 (39.24) 75.40 450.00 (374.60) 700.00 624.60 89.2%6413768 Supplies-Printing and Stationary - 70.00 (70.00) - 70.00 (70.00) 420.00 420.00 100.0%6413786 Supplies-Towels - 72.00 (72.00) 1,520.89 2,432.00 (911.11) 2,792.00 1,271.11 45.5%6413796 Supplies-Bottled Water568.65 2,593.00 (2,024.35) 12,542.02 10,955.00 1,587.02 22,688.00 10,145.98 44.7%Total-CBR-SUPPLIES & MATERIALS1,299.83 3,010.00 (1,710.17) 21,282.48 32,232.00 (10,949.52) 58,950.00 37,667.52 63.9%641-CBR-REPAIRS & MAINTENANCE6415096 CBR-R&M-Contract Services-Carts 865.08 720.00 145.08 3,745.08 5,040.00 (1,294.92) 8,640.00 4,894.92 56.7%6415690 CBR-R&M-Equipment 132.82 125.00 7.82 395.26 875.00 (479.74) 1,500.00 1,104.74 73.6%6415695 CBR-R&M-Cart Maintenance & Repair - 150.00 (150.00) 368.41 1,050.00 (681.59) 1,800.00 1,431.59 79.5%Total-CBR-REPAIRS & MAINTENANCE 997.90 995.00 2.90 4,508.75 6,965.00 (2,456.25) 11,940.00 7,431.25 62.2%641-CBR-OTHER EXPENSES6419093 Contract Services-Handicaps 2,355.00 1,000.00 1,355.00 2,635.00 3,550.00 (915.00) 5,000.00 2,365.00 47.3%6419094 Contract Services-Laundry/Linen 670.50 55.00 615.50 2,967.03 385.00 2,582.03 660.00 (2,307.03) -349.6%6419220 Freight/Delivery - 25.00 (25.00) - 175.00 (175.00) 300.00 300.00 100.0%6419490 Miscellaneous - 125.00 (125.00) 381.14 875.00 (493.86) 1,500.00 1,118.86 74.6%6419820 Uniforms - - - 2,269.67 2,500.00 (230.33) 4,625.00 2,355.33 50.9%Total-CBR-OTHER EXPENSES 3,025.50 1,205.00 1,820.50 8,252.84 7,485.00 767.84 12,085.00 3,832.16 31.7%TOTAL-CARTS,BAGROOM & RANGE 17,216.82 20,669.00 (3,452.18) 101,220.62 126,152.00 (24,931.38) 235243.00134022.3857.0%643-CS-SALARIES & BENEFITS6431175 Employee Meals 213.43 300.00 (86.57) 1,573.21 1,620.00 (46.79) 2,880.00 1,306.79 45.4%6431320 Insurance-Group - 720.00 (720.00) 958.00 4,320.00 (3,362.00) 7,920.00 6,962.00 87.9%6431325 Insurance-Workers Comp 161.77 1,011.00 (849.23) 1,074.28 5,921.00 (4,846.72) 9,820.00 8,745.72 89.1%6431800 Taxes-Employer Payroll 456.04 876.00 (419.96) 4,127.10 5,132.00 (1,004.90) 8,510.00 4,382.90 51.5%6431880 Wages-Hourly 3,328.50 7,037.00 (3,708.50) 20,299.20 41,219.00 (20,919.80) 68,362.00 48,062.80 70.3%6431882 Wages-Overtime 86.64 - 86.64 446.33 - 446.33 - (446.33) 0.0%Total-CS-SALARIES & BENEFITS4,246.38 9,944.00 (5,697.62) 28,478.12 58,212.00 (29,733.88) 97,492.00 69,013.88 70.8%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 471.58 600.00 (128.42) 1,100.00 628.42 57.1%6439490 Miscellaneous - 50.00 (50.00) - 300.00 (300.00) 504.00 504.00 100.0%6439718 Safety Equipment & Training - 100.00 (100.00) - 700.00 (700.00) 1,200.00 1,200.00 100.0%6439820 Uniforms - 75.00 (75.00) 841.15 750.00 91.15 1,250.00 408.85 32.7%Total-CS-OTHER EXPENSES - 325.00 (325.00) 1,312.73 2,350.00 (1,037.27) 4,054.00 2,741.27 67.6%Total-COURSE SERVICES 4,246.38 10,269.00 (6,022.62) 29,790.85 60,562.00 (30,771.15) 101,546.00 71,755.15 70.7%TOTAL OUTSIDE SERVICES21,463.20 30,938.00 (9,474.80) 131,011.47 186,714.00 (55,702.53) 336,789.00 203,036.26 60.3%Month to Date Year to DateSilverRock ResortOutside Services Expense StatementJanuary 2006Annual Budget6 JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable297.03 300.00 (2.97) 4,004.31 2,100.00 1,904.31 4,300.00 295.69 6.9%Total-CH-SUPPLIES & MATERIALS 297.03 300.00 (2.97) 4,004.31 2,100.00 1,904.31 4,300.00 295.69 6.9%65-CH-UTILITIES6507830 Utilities-Electric-Bldgs- 3,620.00 (3,620.00) - 23,532.00 (23,532.00) 45,256.00 45,256.00 100.0%6507836 Utilities-Natural Gas- 200.00 (200.00) 1,312.14 1,400.00 (87.86) 2,400.00 1,087.86 45.3%6507838 Utilities-Sewer- 200.00 (200.00) - 1,400.00 (1,400.00) 2,400.00 2,400.00 100.0%6507840 Utilities-Telephone- 1,000.00 (1,000.00) 6,167.01 7,000.00 (832.99) 12,000.00 5,832.99 48.6%6507842 Utilities-Water306.41 200.00 106.41 1,273.98 1,400.00 (126.02) 2,400.00 1,126.02 46.9%6507844 Utilities-Cable262.95 - 262.95 1,138.86 - 1,138.86 - (1,138.86) 0.0%Total-CH-UTILITIES 569.36 5,220.00 (4,650.64) 9,891.99 34,732.00 (24,840.01) 64,456.00 54,564.01 84.7%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,750.00 - 12,250.00 12,250.00 - 21,000.00 8,750.00 41.7%6509098 Contract Services-Refuse Dispose925.37 300.00 625.37 3,695.84 2,100.00 1,595.84 3,600.00 (95.84) -2.7%6509099 Contract Services-Security7,627.76 8,250.00 (622.24) 50,471.11 57,750.00 (7,278.89) 99,000.00 48,528.89 49.0%6509215 Flowers & Decorations- 100.00 (100.00) 296.00 2,100.00 (1,804.00) 2,600.00 2,304.00 88.6%6509490 Miscellaneous- - - 1,235.46 - 1,235.46 - (1,235.46) 0.0%6509718 Safety Equipment & Training- 100.00 (100.00) 250.00 1,100.00 (850.00) 2,800.00 2,550.00 91.1%Total-CH-OTHER EXPENSES 10,303.13 10,500.00 (196.87) 68,198.41 75,300.00 (7,101.59) 129,000.00 60,801.59 47.1%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures142.02 250.00 (107.98) 872.56 1,750.00 (877.44) 3,000.00 2,127.44 70.9%6515686 CH-R&M-Restaurant Repairs- 250.00 (250.00) - 1,750.00 (1,750.00) 3,000.00 3,000.00 100.0%6515690 CH-R&M-Equipment Repair37.53 250.00 (212.47) 818.00 1,750.00 (932.00) 3,000.00 2,182.00 72.7%Total-CH-REPAIRS & MAINTENANCE 179.55 750.00 (570.45) 1,690.56 5,250.00 (3,559.44) 9,000.00 7,309.44 81.2%Total CLUBHOUSE11,349.07 16,770.00 (5,420.93) 83,785.27 117,382.00 (33,596.73) 206,756.00 14,618.88 7.1%Month to Date Year to DateSilverRock ResortClubhouse Expense StatementJanuary 2006Annual Budget7 SilverRock ResortMarketing Expense StatementJanuary 2006Month to DateYear to DateAnnual Budget JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601175 Employee Meals64.91 60.00 4.91 499.86 420.00 79.86 720.00 220.14 30.6%6601320 Insurance-Group- 360.00 (360.00) - 2,520.00 (2,520.00) 4,320.00 4,320.00 100.0%6601325 Insurance-Workers Comp191.15 431.00 (239.85) 1,406.35 3,017.00 (1,610.65) 5,172.00 3,765.65 72.8%6601720 Salaries2,692.55 3,000.00 (307.45) 21,573.90 21,000.00 573.90 36,000.00 14,426.10 40.1%6601800 Taxes-Employer Payroll319.07 374.00 (54.93) 1,763.51 2,618.00 (854.49) 4,488.00 2,724.49 60.7%Total-MKT-SALARIES & BENEFITS3,267.68 4,225.00 (957.32) 25,243.62 29,575.00 (4,331.38) 50,700.00 25,456.38 50.2%66-MKT-SUPPLIES & MATERIALS6603080 Collateral Material530.15 - 530.15 530.15 - 530.15 6603762 Supplies-Office86.40 100.00 (13.60) 662.90 1,100.00 (437.10) 1,600.00 937.10 58.6%6603768 Supplies-Printing & Stationery- 325.00 (325.00) 351.80 5,925.00 (5,573.20) 6,550.00 6,198.20 94.6%616.55 425.00 191.55 1,544.85 7,025.00 (5,480.15) 8,150.00 7,135.30 87.5%66-MKT-UTILITIES6607840 Utilities-Telephone192.65 100.00 92.65 812.86 700.00 112.86 1,200.00 387.14 32.3%Total-MKT-UTILITIES192.65 100.00 92.65 812.86 700.00 112.86 1,200.00 387.14 32.3%66-MKT-OTHER EXPENSES6609010 Advertising18,237.70 24,167.00 (5,929.30) 77,330.20 78,169.00 (838.80) 134,004.00 56,673.80 42.3%6609040 Business Meals- 100.00 (100.00) - 700.00 (700.00) 1,200.00 1,200.00 100.0%6609080 Collateral Material2,266.67 2,000.00 266.67 2,679.02 21,500.00 (18,820.98) 31,500.00 28,820.98 91.5%6609102 Contract Services-Web Page99.00 150.00 (51.00) 1,192.00 1,050.00 142.00 1,800.00 608.00 33.8%6609490 Miscellaneous- 50.00 (50.00) - 200.00 (200.00) 450.00 450.00 100.0%6609620 Postage- 100.00 (100.00) 117.41 700.00 (582.59) 1,200.00 1,082.59 90.2%6609630 Promotion- 2,500.00 (2,500.00) 200.00 9,000.00 (8,800.00) 13,500.00 13,300.00 98.5%6609633 Promotion-Community81.89 75.00 6.89 892.89 4,800.00 (3,907.11) 5,175.00 4,282.11 82.7%6609634 Promotion-Media/Vender- - - 500.00 - 500.00 6609150 Dues and Subscriptions- 35.00 (35.00) - 35.00 (35.00) 925.00 925.00 0.0%6609820 Uniforms63.06 50.00 13.06 90.56 650.00 (559.44) 900.00 809.44 89.9%Total-MKT-OTHER EXPENSES20,748.32 29,227.00 (8,478.68) 83,002.08 116,804.00 (33,801.92) 190,654.00 108,151.92 56.7%Total-MARKETING24,825.20 33,977.00 (9,151.80) 110,603.41 154,104.00 (43,500.59) 250,704.00 141,130.74 56.3%8 ))))))SilverRock ResortGeneral & Administrative Expense StatementJanuary 2006Month to DateYear to DateAnnual Budget JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701175 Employee Meals141.07 180.00 (38.93) 1,413.34 1,260.00 153.34 2,160.00 746.66 34.6%6701320 Insurance-Group1,355.73 3,480.00 (2,124.27) 13,067.32 18,360.00 (5,292.68) 35,760.00 22,692.68 63.5%6701325 Insurance-Workers Comp980.64 2,252.00 (1,271.36) 6,412.83 15,764.00 (9,351.17) 27,024.00 20,611.17 76.3%6701720 Salaries12,984.72 13,083.00 (98.28) 94,700.63 91,581.00 3,119.63 156,996.00 62,295.37 39.7%6701800 Taxes-Employer Payroll1,749.45 1,953.00 (203.55) 9,736.88 13,671.00 (3,934.12) 23,436.00 13,699.12 58.5%6701880 Wages-Hourly1,489.70 2,600.00 (1,110.30) 18,007.38 18,200.00 (192.62) 31,200.00 13,192.62 42.3%6701882 Wages-Overtime488.27 - 488.27 3,901.22 - 3,901.22 - (3,901.22 0.0%Total-G&A-SALARIES & BENEFITS19,189.58 23,548.00 (4,358.42) 147,239.60 158,836.00 (11,596.40) 276,576.00 129,336.40 46.8%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer327.98 50.00 277.98 377.53 1,250.00 (872.47) 1,500.00 1,122.47 74.8%6703762 Supplies-Office344.15 100.00 244.15 1,588.26 700.00 888.26 1,200.00 (388.26 -32.4%6703768 Supplies-Printing & Stationery75.00 500.00 (425.00) 1,138.18 1,400.00 (261.82) 3,900.00 2,761.82 70.8%6703778Supplies-Small Tools/Non-Capital- 100.00 (100.00) 685.05 500.00 185.05 1,000.00 314.95 31.5%Total-G&A-SUPPLIES & MATERIALS747.13 750.00 (2.87) 3,789.02 3,850.00 (60.98) 7,600.00 3,810.98 50.1%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 807.50 700.00 107.50 1,200.00 392.50 32.7%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 807.50 700.00 107.50 1,200.00 392.50 32.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 2,866.31 2,800.00 66.31 4,800.00 1,933.69 40.3%6709090 Contract Services- - 495.00 - 495.00 - - 0.0%6709150 Dues & Subscriptions- 50.00 (50.00) - 750.00 (750.00) 1,000.00 1,000.00 100.0%6709180 Employee Recruiting/Relocation1,164.28 - 1,164.28 4,344.24 2,000.00 2,344.24 2,000.00 (2,344.24 -117.2%6709197 Equipment Rental744.37 200.00 544.37 4,136.87 1,400.00 2,736.87 2,400.00 (1,736.87 -72.4%6709202 Fees-Bank242.55 500.00 (257.45) 415.79 2,300.00 (1,884.21) 4,300.00 3,884.21 90.3%6709208 Fees-Payroll Processing609.93 - 609.93 3,349.39 - 3,349.39 - (3,349.39 0.0%6709220 Freight/Delivery- 50.00 (50.00) 818.67 350.00 468.67 600.00 (218.67 -36.4%6709490 Miscellaneous- 100.00 (100.00) 245.90 700.00 (454.10) 1,200.00 954.10 79.5%6709620 Postage/Mail Services- 100.00 (100.00) 320.00 600.00 (280.00) 1,100.00 780.00 70.9%6709625 Professional Fees- 500.00 (500.00) 540.00 3,500.00 (2,960.00) 6,000.00 5,460.00 91.0%6709636 Promotion/Entertainment- 100.00 (100.00) 83.58 1,600.00 (1,516.42) 2,100.00 2,016.42 96.0%6709722 Seminars & Training250.00 100.00 150.00 520.00 700.00 (180.00) 1,200.00 680.00 56.7%6709810 Travel- - - 342.95 - 342.95 2,000.00 1,657.05 82.9%6709820 Uniforms54.17 100.00 (45.83) 114.21 700.00 (585.79) 1,200.00 1,085.79 90.5%Total-G&A-OTHER EXPENSES3,465.30 2,200.00 1,265.30 18,592.91 17,400.00 1,192.91 29,900.00 11,802.09 39.5%Total-GENERAL & ADMINISTRATIVE23,402.01 26,598.00 (3,195.99) 170,429.03 180,786.00 (10,356.97) 315,276.00 145,341.97 46.1%9 JanuaryFinals Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 8,257.24 8,050.00 207.24 59,778.18 56,350.00 3,428.18 96,600.00 36,821.82 38.1%6800193 Equipment Leases-Course Maint 17,054.49 17,250.00 (195.51) 116,464.71 120,750.00 (4,285.29) 207,000.00 90,535.29 43.7%6800194 Equipment Leases-Trailer 310.41 850.00 (539.59) 1,862.46 5,950.00 (4,087.54) 10,200.00 8,337.54 81.7%6800195 Equipment Leases-Software 2,883.15 1,375.00 1,508.15 9,747.80 9,625.00 122.80 16,500.00 6,752.20 40.9%6800196 Equipment Leases-GPS 7,900.36 7,430.33 470.03 33,490.47 29,721.32 3,769.15 66,872.97 33,382.50 49.9%Total-LEASES36,405.65 34,955.33 1,450.32 221,343.62 222,396.32 (1,052.70) 397,172.97 175,829.35 44.3%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 7,750.00 6,610.00 1,140.00 52,750.00 90,471.00 (37,721.00) 131,954.00 79,204.00 60.0%6900097 Contract Srvcs-Golf Ops-Management Fee - - - 19,950.00 14,000.00 5,950.00 - (19,950.00) 0.0%6900098 Contract Srvcs-Management Fee-F&B 1,042.22 - 1,042.22 53,366.73 10,239.00 43,127.73 10,239.00 (43,127.73) 0.0%6900210 FF&E Reserve 7,380.37 9,788.00 (2,407.63) 23,076.94 29,153.00 (6,076.06) 69,353.00 46,276.06 66.7%6900323 Insurance-Commercial 2,037.65 5,000.00 (2,962.35) 25,031.22 35,000.00 (9,968.78) 80,000.00 54,968.78 68.7%Total-MISC OTHER EXPENSES18,210.24 21,398.00 (3,187.76) 174,174.89 178,863.00 (4,688.11) 291,546.00 117,371.11 40.3%Month to Date Year to DateSilverRock ResortOperating Leases & Miscellaneous Other Expense StatementJanuary 2006Annual Budget10