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01 July 2013 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2013 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 July Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue82,433.17 94,153.00 (11,719.83) -12.4% 82,433.17 94,153.00 (11,719.83) 3,294,267.00 3,211,833.83 3%401000 Miscellaneous Golf Revenue 8,219.50 9,320.00 (1,100.50) -11.8% 8,219.50 9,320.00 (1,100.50) 302,480.00 294,260.50 3%410000 Revenue-Golf Shop 7,143.66 8,840.00 (1,696.34) -19.2% 7,143.66 8,840.00 (1,696.34) 279,585.00 272,441.34 3%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 500.00 500.00 - 12,000.00 11,500.00 4%890000 Interest Income0.51 - 0.51 0.0% 0.51 - 0.51 - (0.51) 0%Total Income98,296.84 112,813.00 (14,516.16) -12.9% 98,296.84 112,813.00 (14,516.16) 3,888,332.00 3,790,035.16 3%Cost of Goods Sold510000 COS-Golf Shop 4,140.96 4,692.00 (551.04) 11.7% 4,140.96 4,692.00 551.04 148,390.00 144,249.04 3%Total COS4,140.96 4,692.00 (551.04) 11.7% 4,140.96 4,692.00 551.04 148,390.00 144,249.04 3%Gross Profit94,155.88 108,121.00 (13,965.12) -12.9% 94,155.88 108,121.00 (13,965.12) 3,739,942.00 3,645,786.12 3%Expenses610000 Golf Pro Shop 16,537.72 17,472.00 934.28 5.3% 16,537.72 17,472.00 934.28 219,667.00 203,129.28 8%630000 Course Maintenance120,853.59 125,030.00 4,176.41 3.3% 120,853.59 125,030.00 4,176.41 1,684,328.00 1,563,474.41 7%633000 Maintenance Water & Energy24,431.65 25,565.00 1,133.35 4.4% 24,431.65 25,565.00 1,133.35 223,629.00 199,197.35 11%640000 Outside Services14,922.42 15,560.00 637.58 4.1% 14,922.42 15,560.00 637.58 281,182.00 266,259.58 5%650000 Clubhouse 11,241.34 10,636.00 (605.34) -5.7% 11,241.34 10,636.00 (605.34) 131,732.00 120,490.66 9%660000 Marketing 11,754.90 11,894.00 139.10 1.2% 11,754.90 11,894.00 139.10 239,552.00 227,797.10 5%670000 General & Administrative26,246.57 26,292.00 45.43 0.2% 26,246.57 26,292.00 45.43 323,543.00 297,296.43 8%680000 Leases 17,058.28 18,890.00 1,831.72 9.7% 17,058.28 18,890.00 1,831.72 226,680.00 209,621.72 8%690000 Miscellaneous Other Expense17,817.94 17,283.00 (534.94) -3.1% 17,817.94 17,283.00 (534.94) 203,085.00 185,267.06 9%Total Expenses260,864.41 268,622.00 7,757.59 2.9% 260,864.41 268,622.00 7,757.59 3,533,398.00 3,272,533.59 7%(166,708.53) (160,501.00) (6,207.53) -3.9%(166,708.53) (160,501.00) (6,207.53) 206,544.00 373,252.53 -81%Rounds of Golf PlayedPaid Rounds Played 2,568 2,600 (32) -1.2% 2,568 2,600 (32) 46,710 44,142 5%Ave $ Per Paid Round Green Fee32.10 36.21 (4.11) -11.4% 32.10 36.21 (4.11) 70.53 38.43 46%Ave $ Per Paid Round Merchandise2.78 3.40 (0.62) -18.2% 2.78 3.40 (0.62) 5.99 3.20 46%Ave $ Per Paid Miscellaneous 3.20 3.58 (0.38) -10.7% 3.20 3.58 (0.38) 6.48 3.27 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateJuly 20131 ACTUALBUDGETVARIANCERevenue Fees82,433.17$ 94,153.00$ (11,719.83)$ Unfavorable: Due to reduced average revenue per round. This is attributed to more discounted rounds, which have increased in an effort to attract more golfers during the summer months. Paid rounds played were only 32 below budget.Misc Golf Revenue8,219.50$ 9,320.00$ (1,100.50)$ Unfavorable: Due to fewer Resident cards processed. No justification at this time.Pro Shop Merchandise Sales7,143.66$ 8,840.00$ (1,696.34)$ Unfavorable: Merchandise sales were down by approx. 20% due to conservative consumer spending.Pro Shop Cost of Sales4,140.96$ 4,692.00$ (551.04)$ 57.97% 53.08% 4.89%Unfavorable: Due to end of season discounts on apparel and hardgoods. Variance ExplanationsJuly 20132 Income July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 82,433.17 94,153.00 (11,719.83) 82,433.17 94,153.00 (11,719.83) 3,294,267.003,211,833.833%4010000 Rider Fee 375.00 260.00 115.00 375.00 260.00 115.00 7,700.007,325.005%4040000 Club Rental 875.00 1,300.00 (425.00) 875.00 1,300.00 (425.00) 23,355.0022,480.004%4050000 Driving Range 2,403.00 1,950.00 453.00 2,403.00 1,950.00 453.00 90,325.0087,922.003%4060000 Handicap Fees - - - - - - 2,500.002,500.000%4080000 GPS Advertising - 100.00 (100.00) - 100.00 (100.00) 2,600.00 2,600.000%4090000 Ball Retriever/Subcontract 1,566.50 1,000.00 566.50 1,566.50 1,000.00 566.50 4,000.00 2,433.5039%4091000 Golf Professional Rental Fee - - - - - - 37,000.00 37,000.00 0%4092000 Golf Lessons - - - - - - - - 0%4093000 Resident Card Issue 3,000.00 4,710.00 (1,710.00) 3,000.00 4,710.00 (1,710.00) 135,000.00 132,000.00 2% Total Revenue Fees 90,652.67 103,473.00 (12,820.33) 90,652.67 103,473.00 (12,820.33) 3,461,747.00 3,374,094.33 3%90,652.67 103,473.00 (12,820.33) 90,652.67 103,473.00 (12,820.33) 3,461,747.00 3,374,094.33 3%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueJuly 20133 Income July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 94.00 - 94.00 94.00 - 94.00 0 0 0%4100110 Sales Hard Goods 3,583.06 3,094.00 489.06 3,583.06 3,094.00 489.06 97,855.00 94,271.94 4%4100112 Sales-Soft Goods 4,624.50 5,746.00 (1,121.50) 4,624.50 5,746.00 (1,121.50) 181,730.00 177,105.50 3%5100639 GS-Discounts-Mdse (1,157.90) - (1,157.90) (1,157.90) - (1,157.90) - 1,157.90 0% Total Revenue Golf Shop 7,143.66 8,840.00 (1,696.34) 7,143.66 8,840.00 (1,696.34) 279,585.00 272,535.34 3%COS 5100150 COS-GS-Hard Goods 1,561.73 1,701.70 (139.97) 1,561.73 1,701.70 (139.97) 53,820.25 52,258.52 3%5100151 COS-GS-Soft Goods 2,650.23 3,160.30 (510.07) 2,650.23 3,160.30 (510.07) 99,951.50 97,301.27 3%5100152 COS-GS-Purchase Disc (133.95) (243.00) 109.05 (133.95) (243.00) 109.05 (7,689.00) (7,555.05) -2%5100220 COS-GS-Freight Merch 62.95 73.00 (10.05) 62.95 73.00 (10.05) 2,307.00 2,244.05 3%Cost of Sales - Golf Shop 4,140.96 4,692.00 (551.04) 4,140.96 4,692.00 (551.04) 148,389.75 144,248.79 3%Gross Profit 3,002.70 4,148.00 (1,145.30) 3,002.70 4,148.00 (1,145.30) 131,195.25 128,286.55 2%COS % 58.0% 53.1% -4.9% 58.0% 53.1% -4.9% 53.1% 52.9% 0%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 2,467.71 1,986.00 481.71 2,467.71 1,986.00 481.71 26,811.00 24,343.29 9%6101325 Insurance-Workers Comp 705.74 436.00 269.74 705.74 436.00 269.74 5,663.00 4,957.26 12%6101720 Salaries 3,545.44 3,750.00 (204.56) 3,545.44 3,750.00 (204.56) 45,000.00 41,454.56 8%6101800 Taxes-Employer Payroll 1,130.44 1,223.00 (92.56) 1,130.44 1,223.00 (92.56) 1,588.00 457.56 71%6101880 Wages-Hourly 6,972.32 7,117.00 (144.68) 6,972.32 7,117.00 (144.68) 96,229.00 89,256.68 7%6101882 Wages-Overtime 22.13 - 22.13 22.13 - 22.13 - 952.88 0%Total -PS-SALARIES & BENEFITS 14,843.78 14,512.00 331.78 14,843.78 14,512.00 331.78 175,291.00 161,422.23 8%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office 93.87 500.00 (406.13) 93.87 500.00 (406.13) 6,000.00 5,906.13 2%6109090 Contract Services 500.00 500.00 - 500.00 500.00 - 6,000.00 5,500.00 8%6109220 Freight & Delivery - - - - - - 75.00 75.00 0%6109490 Miscellaneous 190.00 500.00 (310.00) 190.00 500.00 (310.00) 6,000.00 5,810.00 3%6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short 41.45 - 41.45 41.45 - 41.45 - (41.45) 0%6109722 Seminars/Training - 1,250.00 (1,250.00) - 1,250.00 (1,250.00) 5,890.00 5,890.00 0%6109810 Travel - Merchandise - - - - - - 90.00 90.00 0%6109820 Uniforms 754.63 100.00 654.63 754.63 100.00 654.63 2,400.00 1,645.37 31%6117840 Telephones 113.99 110.00 3.99 113.99 110.00 3.99 1,320.00 1,206.01 0%Total PS-OTHER EXPENSES 1,693.94 2,960.00 (1,266.06) 1,693.94 2,960.00 (1,266.06) 30,075.00 28,381.06 6%16,537.72 17,472.00 (934.28) 16,537.72 17,472.00 (934.28) 205,366.00 189,803.29 8%Net Income(13,535.02) (13,324.00) (211.02) (13,535.02) (13,324.00) (211.02) (74,170.75) (61,516.74) -17%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementJuly 20134 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 10,247.51 8,740.00 1,507.51 10,247.51 8,740.00 1,507.51 104,880.00 94,632.49 90.2%6311325 Insurance-Workers Comp 2,419.68 2,208.00 211.68 2,419.68 2,208.00 211.68 27,280.00 24,860.32 91.1%6311720 Salaries 10,620.80 11,001.60 (380.80) 10,620.80 11,001.60 (380.80) 150,996.00 140,375.20 93.0%6311800 Taxes-Employer Payroll 4,116.92 6,194.00 (2,077.08) 4,116.92 6,194.00 (2,077.08) 774,129.00 770,012.08 99.5%6311880 Wages-Hourly 44,649.80 44,054.40 595.40 44,649.80 44,054.40 595.40 518,654.00 474,004.20 91.4%6311882 Wages-Overtime 16.13 - 16.13 16.13 - 16.13 15,945.00 15,928.87 99.9%Total-CM-SALARIES & BENEFITS72,070.84 72,198.00 (127.16) 72,070.84 72,198.00 (127.16) 1,591,884.00 1,519,813.16 95.5%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 1,372.08 - 1,372.08 1,372.08 - 1,372.08 34,600.00 33,227.92 96.0%6313744 Fertilizer 11,942.42 12,000.00 (57.58) 11,942.42 12,000.00 (57.58) 112,500.00 100,557.58 89.4%6313745 Herbicides - - - - - - 17,000.00 17,000.00 100.0%6313746 Flowers/Plants - - - - - - 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline 3,368.85 5,200.00 (1,831.15) 3,368.85 5,200.00 (1,831.15) 55,020.00 51,651.15 93.9%6313750 Golf Course Accessories 124.20 200.00 (75.80) 124.20 200.00 (75.80) 13,000.00 12,875.80 99.0%6313756 POA Control - - - - - - 7,000.00 7,000.00 100.0%6313758 Miscellaneous Supp 970.69 750.00 220.69 970.69 750.00 220.69 4,350.00 3,379.31 0.0%6313762 Supplies-Office - - - - - - - - 0.0%6313774 Sand - 390.00 (390.00) - 390.00 (390.00) 13,460.00 13,460.00 100.0%6313776 Seed - 350.00 (350.00) - 350.00 (350.00) 106,810.00 106,810.00 100.0%6313778 Small Tools & Non-Capital Equip 140.08 100.00 40.08 140.08 100.00 40.08 5,000.00 4,859.92 97.2%6313780 Sod - 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 10,450.00 10,450.00 100.0%6313782 Topdressing 762.14 - 762.14 762.14 - 762.14 10,600.00 9,837.86 92.8%Total-CM-SUPPLIES & MATERIALS18,680.46 19,990.00 (1,309.54) 18,680.46 19,990.00 (1,309.54) 392,840.00 374,159.54 95.2%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 2,830.00 2,600.00 230.00 31,200.00 28,370.00 90.9%6315685 CM-R&M-Bldngs & Othr Structures 136.34 1,250.00 (1,113.66) 136.34 1,250.00 (1,113.66) 5,550.00 5,413.66 97.5%6315690 CM-R&M-Equipment 3,811.15 2,000.00 1,811.15 3,811.15 2,000.00 1,811.15 40,000.00 36,188.85 90.5%6315692 CM-R&M-Irrigation System 2,850.49 4,400.00 (1,549.51) 2,850.49 4,400.00 (1,549.51) 19,050.00 16,199.51 85.0%6315696 CM-R&M-Pumps 1,001.30 1,000.00 1.30 1,001.30 1,000.00 1.30 10,500.00 9,498.70 90.5%6315815 CM-R&M-Trees-Pruning Etc - - - - - - 12,050.00 12,050.00 100.0%Total-CM-REPAIRS & MAINTENANCE 10,629.28 11,250.00 (620.72) 10,629.28 11,250.00 (620.72) 118,350.00 107,720.72 91.0%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG - 15.00 (15.00) - 15.00 (15.00) 180.00 180.00 0.0%6317840 Telephones 441.07 850.00 (408.93) 441.07 850.00 (408.93) 10,200.00 9,758.93 95.7%Total-CM-UTILITIES 441.07 865.00 (423.93) 441.07 865.00 (423.93) 10,380.00 9,938.93 95.8%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 500.00 500.00 - 6,000.00 5,500.00 91.7%6319100 Contract Svcs-Soil/Tissue Test - - - - - - 4,000.00 4,000.00 100.0%6319102 Contract Svcs-Trash Removal 716.78 524.00 192.78 716.78 524.00 192.78 6,288.00 5,571.22 0.0%6319150 Dues & Subscriptions - - - - - - 540.00 540.00 100.0%6319170 Employee Education - 50.00 (50.00) - 50.00 (50.00) 1,550.00 1,550.00 100.0%6319197 Equipment Rental - 200.00 (200.00) - 200.00 (200.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits - 100.00 (100.00) - 100.00 (100.00) 4,180.00 4,180.00 100.0%6319490 Miscellaneous - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training - 200.00 (200.00) - 200.00 (200.00) 3,850.00 3,850.00 100.0%6319822 Uniforms 892.30 920.00 (27.70) 892.30 920.00 (27.70) 11,040.00 10,147.70 91.9%Total-CM-OTHER EXPENSES 2,109.08 2,594.00 (484.92) 2,109.08 2,594.00 (484.92) 42,048.00 39,938.92 95.0%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJuly 2013Annual Budget5 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,843.10 2,648.00 (804.90) 1,843.10 2,648.00 (804.90) 31,776.00 29,932.90 94.2%6321325 Insurance-Workers Comp 504.10 516.00 (11.90) 504.10 516.00 (11.90) 6,361.00 5,856.90 92.1%6321800 Taxes-Employer Payroll 1,476.00 1,449.00 27.00 1,476.00 1,449.00 27.00 18,094.00 16,618.00 91.8%6321880 Wages-Hourly 12,910.00 12,880.00 30.00 12,910.00 12,880.00 30.00 154,560.00 141,650.00 91.6%6321882 Wages-Overtime - - - - - - 6,279.00 6,279.00 100.0%Total-CM-LM-SALARIES & BENEFITS16,733.20 17,493.00 (759.80) 16,733.20 17,493.00 (759.80) 217,070.00 200,336.80 92.3%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 100.00 (100.00) - 100.00 (100.00) 1,025.00 1,025.00 100.0%6323788 Uniforms 189.66 290.00 (100.34) 189.66 290.00 (100.34) 3,480.00 3,290.34 94.6%Total-CM-LM-SUPPLIES & MATERIALS189.66 390.00 (200.34) 189.66 390.00 (200.34) 4,505.00 4,315.34 95.8%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) - 250.00 (250.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) - 250.00 (250.00) 4,250.00 4,250.00 100.0%120,853.59 125,030.00 (4,176.41) 120,853.59 125,030.00 (4,176.41) 2,381,327.00 2,260,473.41 94.9% July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 17,420.78 18,565.00 (1,144.22) 17,420.78 18,565.00 (1,144.22) 178,291.00 160,870.22 90.2%6337842 Utilities-Water7,010.87 7,000.00 10.87 7,010.87 7,000.00 10.87 45,338.00 38,327.13 84.5%24,431.65 25,565.00 (1,133.35) 24,431.65 25,565.00 (1,133.35) 223,629.00 199,197.35 89.1%July 2013Annual BudgetMonth to Date Year to DateTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementSilverrock ResortCourse Maintenance Water & EnergyJuly 2013Total-CM-WATER & ENERGYMonth to Date Year to Date Annual Budget6 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group 368.62 662.00 (293.38) 368.62 662.00 (293.38) 7,944.00 7,575.38 95.4%6411325 Insurance-Workers Comp 1,209.84 308.00 901.84 1,209.84 308.00 901.84 5,092.00 3,882.16 76.2%6411800 Taxes-Employer Payroll 769.58 956.00 (186.42) 769.58 956.00 (186.42) 15,809.00 15,039.42 95.1%6411880 Wages-Hourly 7,734.70 7,682.00 52.70 7,734.70 7,682.00 52.70 126,982.00 119,247.30 93.9%6411882 Wages-Overtime 24.00 - 24.00 24.00 - 24.00 - (24.00) 0.0%Total-CBR-SALARIES & BENEFITS10,106.74 9,608.00 498.74 10,106.74 9,608.00 498.74 155,827.00 145,720.26 93.5%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 11.08 - 11.08 11.08 - 11.08 1,850.00 1,838.92 99.4%6413742 Supplies-Expendable 93.97 600.00 (506.03) 93.97 600.00 (506.03) 6,750.00 6,656.03 98.6%6413748 Supplies-Fuel for Shuttle 529.18 - 529.18 529.18 - 529.18 3,000.00 2,470.82 82.4%6413752 Supplies-Range Balls - - - - - - 9,000.00 9,000.00 100.0%6413762 Supplies-Office - 25.00 (25.00) - 25.00 (25.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels 240.00 120.00 120.00 240.00 120.00 120.00 2,182.00 1,942.00 89.0%6413796 Supplies-Bottled Water31.85 50.00 (18.15) 31.85 50.00 (18.15) 16,500.00 16,468.15 99.8%Total-CBR-SUPPLIES & MATERIALS906.08 795.00 111.08 906.08 795.00 111.08 40,227.00 39,320.92 97.7%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) - 300.00 (300.00) 3,600.00 3,600.00 100.0%6415695 CBR-R&M-Cart Maintenance & Repair - 500.00 (500.00) - 500.00 (500.00) 6,450.00 6,450.00 100.0%Total-CBR-REPAIRS & MAINTENANCE - 800.00 (800.00) - 800.00 (800.00) 10,050.00 10,050.00 100.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 594.59 800.00 (205.41) 594.59 800.00 (205.41) 9,600.00 9,005.41 93.8%6419220 Freight/Delivery - 75.00 (75.00) - 75.00 (75.00) 450.00 450.00 100.0%6419490 Miscellaneous - 125.00 (125.00) - 125.00 (125.00) 1,150.00 1,150.00 100.0%6419820 Uniforms - - - - - - 5,200.00 5,200.00 100.0%Total-CBR-OTHER EXPENSES 594.59 1,000.00 (405.41) 594.59 1,000.00 (405.41) 16,400.00 15,805.41 96.4%TOTAL-CARTS,BAGROOM & RANGE 11,607.41 12,203.00 (595.59) 11,607.41 12,203.00 (595.59) 222,504.00 210,896.59 94.8%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 504.10 111.00 393.10 504.10 111.00 393.10 1,903.00 1,398.90 73.5%6431800 Taxes-Employer Payroll 343.15 311.00 32.15 343.15 311.00 32.15 5,339.00 4,995.85 93.6%6431880 Wages-Hourly 2,442.00 2,760.00 (318.00) 2,442.00 2,760.00 (318.00) 47,460.00 45,018.00 94.9%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS3,289.25 3,182.00 107.25 3,289.25 3,182.00 107.25 54,702.00 51,412.75 94.0%643-CS-OTHER EXPENSES6433742 Supplies Expendable 25.76 50.00 (24.24) 25.76 50.00 (24.24) 1,050.00 1,024.24 97.5%6439490 Miscellaneous - - - - - - 200.00 200.00 100.0%6439718 Safety Equipment & Training - 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0%6439820 Uniforms - 75.00 (75.00) - 75.00 (75.00) 2,125.00 2,125.00 100.0%Total-CS-OTHER EXPENSES 25.76 175.00 (149.24) 25.76 175.00 (149.24) 3,975.00 3,949.24 99.4%Total-COURSE SERVICES 3,315.01 3,357.00 (41.99) 3,315.01 3,357.00 (41.99) 58,677.00 55,361.99 94.4%14,922.42 15,560.00 (637.58) 14,922.42 15,560.00 (637.58) 281,181.00 262,309.34 93.3%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementJuly 2013Annual Budget7 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) - 400.00 (400.00) 4,800.00 4,800.00 100.0%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) - 400.00 (400.00) 4,800.00 4,800.00 100.0%65-CH-UTILITIES6507836 Utilities-Natural Gas- 300.00 (300.00) - 300.00 (300.00) 3,600.00 3,600.00 100.0%6507840 Utilities-Telephone1,866.68 1,150.00 716.68 1,866.68 1,150.00 716.68 13,800.00 11,933.32 86.5%6507842 Utilities-Water490.67 321.00 169.67 490.67 321.00 169.67 3,852.00 3,361.33 87.3%6507844 Utilities-Cable345.34 340.00 5.34 345.34 340.00 5.34 4,080.00 3,734.66 91.5%Total-CH-UTILITIES 2,702.69 2,111.00 591.69 2,702.69 2,111.00 591.69 25,332.00 22,629.31 89.3%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,825.00 1,825.00 - 1,825.00 1,825.00 - 22,500.00 20,675.00 91.9%6509099 Contract Services-Security4,756.56 4,900.00 (143.44) 4,756.56 4,900.00 (143.44) 60,400.00 55,643.44 92.1%6509215 Flowers & Decorations- - - - - - 1,900.00 1,900.00 100.0%6509490 Miscellaneous- 200.00 (200.00) - 200.00 (200.00) 2,400.00 2,400.00 100.0%6509718 Safety Equipment & Training- 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES 6,581.56 7,025.00 (443.44) 6,581.56 7,025.00 (443.44) 88,400.00 81,818.44 92.6%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures1,042.09 300.00 742.09 1,042.09 300.00 742.09 3,600.00 2,557.91 71.1%6515686 CH-R&M-Restaurant Repairs915.00 400.00 515.00 915.00 400.00 515.00 4,800.00 3,885.00 80.9%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) - 400.00 (400.00) 4,800.00 4,800.00 100.0%Total-CH-REPAIRS & MAINTENANCE 1,957.09 1,100.00 857.09 1,957.09 1,100.00 857.09 13,200.00 11,242.91 85.2%11,241.34 10,636.00 605.34 11,241.34 10,636.00 605.34 131,732.00 22,485.82 17.1%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementJuly 2013Annual Budget8 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 368.62 331.00 37.62 368.62 331.00 37.62 3,972.00 3,603.38 90.7%6601325 Insurance-Workers Comp 100.82 101.00 (0.18) 100.82 101.00 (0.18) 1,207.00 1,106.18 91.6%6601720 Salaries 1,874.88 2,508.00 (633.12) 1,874.88 2,508.00 (633.12) 30,096.00 28,221.12 93.8%6601800 Taxes-Employer Payroll 152.70 282.00 (129.30) 152.70 282.00 (129.30) 3,386.00 3,233.30 95.5%Total-MKT-SALARIES & BENEFITS 2,497.02 3,222.00 (724.98) 2,497.02 3,222.00 (724.98) 38,661.00 36,163.98 93.5%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%6603768 Supplies-Printing & Stationery 1,012.66 - 1,012.66 1,012.66 - 1,012.66 4,425.00 3,412.34 77.1%1,012.66 100.00 912.66 1,012.66 100.00 912.66 5,625.00 4,612.34 82.0%66-MKT-UTILITIES6607840 Utilities-Telephone 57.07 100.00 (42.93) 57.07 100.00 (42.93) 1,200.00 1,142.93 95.2%Total-MKT-UTILITIES 57.07 100.00 (42.93) 57.07 100.00 (42.93) 1,200.00 1,142.93 95.2%66-MKT-OTHER EXPENSES6609010 Advertising 8,089.15 8,172.00 (82.85) 8,089.15 8,172.00 (82.85) 179,231.00 171,141.85 95.5%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material - - - - - - 5,500.00 5,500.00 100.0%6609102 Contract Services-Web Page 99.00 150.00 (51.00) 99.00 150.00 (51.00) 1,800.00 1,701.00 94.5%6609490 Miscellaneous - - - - - - 350.00 350.00 100.0%6609620 Postage - 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 25.00 (25.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 75.00 (75.00) - 75.00 (75.00) 2,250.00 2,250.00 100.0%6609634 Promotion-Media/Vendor - - - - - - 700.00 700.00 100.0%6609150 Dues and Subscriptions - - - - - - 735.00 735.00 100.0%6609820 Uniforms - - - - - - 600.00 600.00 100.0%Total-MKT-OTHER EXPENSES 8,188.15 8,472.00 (283.85) 8,188.15 8,472.00 (283.85) 194,066.00 185,877.85 95.8%11,754.90 11,894.00 (139.10) 11,754.90 11,894.00 (139.10) 239,552.00 227,797.10 95.1%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementJuly 2013Annual Budget9 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,875.30 1,458.00 417.30 1,875.30 1,458.00 417.30 17,496.00 15,620.70 89.3%6701325 Insurance-Workers Comp403.28 708.00 (304.72) 403.28 708.00 (304.72) 8,493.00 8,089.72 95.3%6701720 Salaries 13,774.78 15,050.00 (1,275.22) 13,774.78 15,050.00 (1,275.22) 183,961.00 170,186.22 92.5%6701800 Taxes-Employer Payroll 1,842.53 1,986.00 (143.47) 1,842.53 1,986.00 (143.47) 23,827.00 21,984.47 92.3%6701880 Wages-Hourly4,467.58 2,600.00 1,867.58 4,467.58 2,600.00 1,867.58 27,835.00 23,367.42 83.9%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 22,363.47 21,802.00 561.47 22,363.47 21,802.00 561.47 261,612.00 239,248.53 91.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer130.80 500.00 (369.20) 130.80 500.00 (369.20) 6,300.00 6,169.20 97.9%6703762 Supplies-Office 195.13 150.00 45.13 195.13 150.00 45.13 1,800.00 1,604.87 89.2%6703768 Supplies-Printing & Stationery- 100.00 (100.00) - 100.00 (100.00) 3,300.00 3,300.00 100.0%Total-G&A-SUPPLIES & MATERIALS 325.93 750.00 (424.07) 325.93 750.00 (424.07) 11,400.00 11,074.07 97.1%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment559.75 - 559.75 559.75 - 559.75 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE 559.75 - 559.75 559.75 - 559.75 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 400.00 400.00 - 4,800.00 4,400.00 91.7%6709150 Dues & Subscriptions- 50.00 (50.00) - 50.00 (50.00) 1,700.00 1,700.00 100.0%6709180 Employee Recruiting/Relocation- - - - - - 1,400.00 1,400.00 100.0%6709197 Equipment Rental494.00 550.00 (56.00) 494.00 550.00 (56.00) 6,600.00 6,106.00 92.5%6709202 Fees-Bank75.90 90.00 (14.10) 75.90 90.00 (14.10) 1,080.00 1,004.10 93.0%6709208 Fees-Payroll Processing1,174.63 1,200.00 (25.37) 1,174.63 1,200.00 (25.37) 14,400.00 13,225.37 91.8%6709220 Freight/Delivery- 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0%6709490 Miscellaneous - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services - 75.00 (75.00) - 75.00 (75.00) 900.00 900.00 100.0%6709625 Professional Fees789.09 850.00 (60.91) 789.09 850.00 (60.91) 10,200.00 9,410.91 92.3%6709636 Promotion/Entertainment- 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) - 200.00 (200.00) 2,400.00 2,400.00 100.0%6709810 Travel - - - - - - 1,100.00 1,100.00 100.0%6709820 Uniforms 63.80 75.00 (11.20) 63.80 75.00 (11.20) 1,050.00 986.20 93.9%Total-G&A-OTHER EXPENSES 2,997.42 3,740.00 (742.58) 2,997.42 3,740.00 (742.58) 48,630.00 45,632.58 93.8%26,246.57 26,292.00 (45.43) 26,246.57 26,292.00 (45.43) 323,542.00 297,295.43 91.9%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementJuly 2013Annual Budget10 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 11,091.63 12,075.00 (983.37) 11,091.63 12,075.00 (983.37) 144,900.00 133,808.37 92.3%6800194 Equipment Leases-Trailer 512.61 600.00 (87.39) 512.61 600.00 (87.39) 7,200.00 6,687.39 92.9%6800196 Equipment Leases-GPS 4,940.00 5,755.00 (815.00) 4,940.00 5,755.00 (815.00) 69,060.00 64,120.00 92.8%6800197 Equipment Leases-Others 514.04 460.00 54.04 514.04 460.00 54.04 5,520.00 5,005.96 0.0%17,058.28 18,890.00 (1,831.72) 17,058.28 18,890.00 (1,831.72) 226,680.00 209,621.72 92.5%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 8,000.00 8,000.00 - 96,000.00 88,000.00 91.7%6900210 FF&E Reserve 1,648.67 1,883.00 (234.33) 1,648.67 1,883.00 (234.33) 65,885.00 64,236.33 97.5%6900800 Personal Property Taxes 5,397.27 5,200.00 197.27 5,397.27 5,200.00 197.27 14,800.00 9,402.73 63.5%6900323 Insurance-Commercial 2,772.00 2,200.00 572.00 2,772.00 2,200.00 572.00 26,400.00 23,628.00 89.5%17,817.94 17,283.00 534.94 17,817.94 17,283.00 534.94 203,085.00 185,267.06 91.2%Silverrock ResortOperating Leases & Miscellaneous Other Expense StatementJuly 2013Annual BudgetMonth to Date Year to DateTotal-LEASESTotal-MISC OTHER EXPENSES11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2013-20142013 2013 2013 2013 2013 2013Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4SalesPromotion4Golf IndustryVIPCelebrityPGA Comp61Charity/Gift Certificate13Rain/Wind ChecksClub Staff90LQ HS Golf8180000002014 2014 2014 2014 2014 2014Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013July 2013 Date Time Description CategoryPlayers7/7/2013 1:00 Tom Nolan - Executive Director PS Airport Promotion 47/17/2013 11:30 Pete Fox - KXPS Radio Media 413