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05 November 2013 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2013 – November 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 November Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue331,740.51 300,204.00 31,536.51 10.5% 654,946.91 656,406.00 (1,459.09) 3,294,267.00 2,639,320.09 20%401000 Miscellaneous Golf Revenue 54,818.75 35,185.00 19,633.75 55.8% 90,874.25 76,421.00 14,453.25 302,480.00 211,605.75 30%410000 Revenue-Golf Shop 24,668.56 28,275.00 (3,606.44) -12.8% 55,547.31 63,286.00 (7,738.69) 279,585.00 224,037.69 20%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0% 4,500.00 4,500.00 - 12,000.00 7,500.00 38%890000 Interest Income0.34 - 0.34 0.0% 2.71 - 2.71 - (2.71) 0%Total Income412,728.16 365,164.00 47,564.16 13.0% 805,871.18 800,613.00 5,258.18 3,888,332.00 3,082,460.82 21%Cost of Goods Sold510000 COS-Golf Shop 13,381.77 15,006.25 (1,624.48) 10.8% 30,642.53 33,587.30 2,944.77 148,390.00 117,747.47 21%Total COS13,381.77 15,006.25 (1,624.48) 10.8% 30,642.53 33,587.30 2,944.77 148,390.00 117,747.47 21%Gross Profit399,346.39 350,157.75 49,188.64 14.0% 775,228.65 767,025.70 8,202.95 3,739,942.00 2,964,713.35 21%Expenses610000 Golf Pro Shop 16,133.61 18,957.00 2,823.39 14.9% 74,497.56 84,568.00 10,070.44 219,667.00 145,169.44 34%630000 Course Maintenance150,289.64 159,541.00 9,251.36 5.8% 832,085.49 832,415.00 329.51 1,684,328.00 852,242.51 49%633000 Maintenance Water & Energy11,265.65 13,905.00 2,639.35 19.0% 93,149.00 95,815.00 2,666.00 223,629.00 130,480.00 42%640000 Outside Services25,667.81 31,827.00 6,159.19 19.4% 87,327.74 95,273.00 7,945.26 281,182.00 193,854.26 31%650000 Clubhouse 9,274.19 10,636.00 1,361.81 12.8% 53,147.22 54,280.00 1,132.78 131,732.00 78,584.78 40%660000 Marketing 24,490.78 25,927.00 1,436.22 5.5% 82,526.43 91,618.00 9,091.57 239,552.00 157,025.57 34%670000 General & Administrative24,180.40 27,467.00 3,286.60 12.0% 123,856.72 133,610.00 9,753.28 323,543.00 199,686.28 38%680000 Leases 17,281.77 18,890.00 1,608.23 8.5% 88,810.31 94,450.00 5,639.69 226,680.00 137,869.69 39%690000 Miscellaneous Other Expense23,345.76 16,204.00 (7,141.76) -44.1% 77,755.76 78,928.00 1,172.24 203,085.00 125,329.24 38%Total Expenses301,929.61 323,354.00 21,424.39 6.6% 1,513,156.23 1,560,957.00 47,800.77 3,533,398.00 2,020,241.77 43%97,416.78 26,803.75 70,613.03 263.4%(737,927.58) (793,931.30) 56,003.72 206,544.00 944,471.58 -357%Rounds of Golf PlayedPaid Rounds Played 4,747 4,350 397 9.1% 12,943 13,210 (267) 46,710 33,767 28%Ave $ Per Paid Round Green Fee69.88 69.01 0.87 1.3% 50.60 49.69 0.91 70.53 19.92 72%Ave $ Per Paid Round Merchandise5.20 6.50 (1.30) -20.1% 4.29 4.79 (0.50) 5.99 1.69 72%Ave $ Per Paid Miscellaneous 11.55 8.09 3.46 42.8% 7.02 5.79 1.24 6.48 (0.55) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateNovember 2013 ACTUALBUDGETVARIANCEGreen Fee Revenue 331,740.51$ 300,204.00$ 31,536.51$ Favorable: 397 additional rounds played and great weather for November contributed to the increasein green fee revenue for the month of November.Misc Golf Revenue54,818.75$ 35,185.00$ 19,633.75$ Favorable: Due to increased resident card sales by $14,190 over budget. Also, driving range revenue over budget by $4,175.Pro Shop Merchandise Sales24,668.56$ 28,275.00$ (3,606.44)$ Unfavorable: Merchandise sales were down by nearly 12%. The addition of the PGA Tour Superstore opening in the valley contributed to reduced sales at SilverRock. ProShop 16,133.61$ 18,957.00$ 2,823.39$ Favorable: Due to less salaries and benefits paid, two (2) employees were out for medical reasons during the month of November.Water & Energy11,265.65$ 13,905.00$ 2,639.35$ Favorable: Electricity is down by 30% due to reduced hours of running the water feature. Outside Services25,667.81$ 31,827.00$ 6,159.19$ Favorable: Due to range ball replacement cost being below the budgeted amount and supplies expendablebeing below projection.Clubhouse9,274.19$ 10,636.00$ 1,361.81$ Favorable: Expenses for restaurant and equipment repair were not required as projected.General and Administrative24,180.40$ 27,467.00$ 3,286.60$ Favorable: Due to reduced administartive assistant labor cost and general repair & maintenance.Miscellaneous23,345.76$ 16,204.00$ (7,141.76)$ Unfavorable: Due to timing of the initial down payment for SilverRock's commercial insurance policy renewal.For the year it is believed SilverRock will be very close to the projected amount for commercial insurance. Variance ExplanationsNovember 2013 Income November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 331,740.51 300,204.00 31,536.51 654,946.91 656,406.00 (1,459.09) 3,294,267.002,639,320.0920%4010000 Rider Fee 1,075.00 435.00 640.00 2,375.00 1,321.00 1,054.00 7,700.005,325.0031%4040000 Club Rental 2,325.00 2,175.00 150.00 5,335.00 6,605.00 (1,270.00) 23,355.0018,020.0023%4050000 Driving Range 12,440.00 8,265.00 4,175.00 22,373.00 15,925.00 6,448.00 90,325.0067,952.0025%4060000 Handicap Fees - - - - - - 2,500.002,500.000%4080000 GPS Advertising - 500.00 (500.00) 500.00 900.00 (400.00) 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract - - - 2,247.50 2,000.00 247.50 4,000.00 1,752.5056%4091000 Golf Professional Rental Fee 5,500.00 5,000.00 500.00 5,500.00 5,000.00 500.00 37,000.00 31,500.00 15%4092000 Golf Lessons 478.75 - 478.75 478.75 - 478.75 - (478.75) 0%4093000 Resident Card Issue 33,000.00 18,810.00 14,190.00 52,065.00 44,670.00 7,395.00 135,000.00 82,935.00 39% Total Revenue Fees 386,559.26 335,389.00 51,170.26 745,821.16 732,827.00 12,994.16 3,461,747.00 2,767,990.84 20%386,559.26 335,389.00 51,170.26 745,821.16 732,827.00 12,994.16 3,461,747.00 2,767,990.84 20%SilverRock ResortStatement of Fees RevenueNovember 2013Total IncomeMonth to Date Year to Date Annual Budget Income November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 364.35 - 364.35 915.63 - 915.63 0 0 0%4100110 Sales Hard Goods 8,288.31 9,896.00 (1,607.69) 24,259.76 22,150.00 2,109.76 97,855.00 73,595.24 25%4100112 Sales-Soft Goods 19,581.50 18,379.00 1,202.50 38,681.00 41,136.00 (2,455.00) 181,730.00 143,049.00 21%5100639 GS-Discounts-Mdse (3,565.60) - (3,565.60) (8,309.08) - (8,309.08) - 8,309.08 0% Total Revenue Golf Shop 24,668.56 28,275.00 (3,606.44) 55,547.31 63,286.00 (7,738.69) 279,585.00 224,953.32 20%COS 5100150 COS-GS-Hard Goods 6,236.88 5,442.80 794.08 14,789.54 12,182.50 2,607.04 53,820.25 39,030.71 27%5100151 COS-GS-Soft Goods 6,814.43 10,108.45 (3,294.02) 15,333.12 22,624.80 (7,291.68) 99,951.50 84,618.38 15%5100152 COS-GS-Purchase Disc (42.51) (778.00) 735.49 (676.99) (1,741.00) 1,064.01 (7,689.00) (7,012.01) -9%5100220 COS-GS-Freight Merch 372.97 233.00 139.97 1,196.86 521.00 675.86 2,307.00 1,110.14 52%Cost of Sales - Golf Shop 13,381.77 15,006.25 (1,624.48) 30,642.53 33,587.30 (2,944.77) 148,389.75 117,747.22 21%Gross Profit 11,286.79 13,268.75 (1,981.96) 24,904.78 29,698.70 (4,793.92) 131,195.25 107,206.10 18%COS % 54.2% 53.1% -1.2% 55.2% 53.1% -2.1% 53.1% 52.3% 1%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 2,204.09 2,317.00 (112.91) 12,074.93 10,592.00 1,482.93 26,811.00 14,736.07 45%6101325 Insurance-Workers Comp 501.70 512.00 (10.30) 3,324.66 2,159.00 1,165.66 5,663.00 2,338.34 59%6101720 Salaries 3,545.44 3,750.00 (204.56) 17,879.92 18,750.00 (870.08) 45,000.00 27,120.08 40%6101800 Taxes-Employer Payroll 1,169.43 1,435.00 (265.57) 3,834.51 6,055.00 (2,220.49) 1,588.00 (2,246.51) 241%6101880 Wages-Hourly 7,603.77 9,008.00 (1,404.23) 31,111.71 35,062.00 (3,950.29) 96,229.00 65,117.29 32%6101882 Wages-Overtime 19.50 - 19.50 108.76 - 108.76 - 952.88 0%Total -PS-SALARIES & BENEFITS 15,043.93 17,022.00 (1,978.07) 68,334.49 72,618.00 (4,283.51) 175,291.00 108,018.15 38%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office 233.80 500.00 (266.20) 433.56 2,500.00 (2,066.44) 6,000.00 5,566.44 7%6109090 Contract Services 500.00 500.00 - 2,500.00 2,500.00 - 6,000.00 3,500.00 42%6109220 Freight & Delivery - 25.00 (25.00) - 50.00 (50.00) 75.00 75.00 0%6109490 Miscellaneous 101.70 500.00 (398.30) 291.70 2,500.00 (2,208.30) 6,000.00 5,708.30 5%6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short (19.97) - (19.97) 79.41 - 79.41 - (79.41) 0%6109722 Seminars/Training - - - 284.88 3,150.00 (2,865.12) 5,890.00 5,605.12 5%6109810 Travel - Merchandise - - - - - - 90.00 90.00 0%6109820 Uniforms 159.15 300.00 (140.85) 2,000.56 700.00 1,300.56 2,400.00 399.44 83%6117840 Telephones 115.00 110.00 5.00 572.96 550.00 22.96 1,320.00 747.04 0%Total PS-OTHER EXPENSES 1,089.68 1,935.00 (845.32) 6,163.07 11,950.00 (5,786.93) 30,075.00 23,911.93 20%16,133.61 18,957.00 (2,823.39) 74,497.56 84,568.00 (10,070.44) 205,366.00 131,930.08 36%Net Income(4,846.82) (5,688.25) 841.43 (49,592.78) (54,869.30) 5,276.52 (74,170.75) (24,723.98) -67%SilverRock ResortGolf Shop Income StatementNovember 2013Total Expenses-Golf ShopMonth to Date Year to Date Annual Budget November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 9,448.26 8,740.00 708.26 50,155.41 43,700.00 6,455.41 104,880.00 54,724.59 52.2%6311325 Insurance-Workers Comp 2,160.40 2,208.00 (47.60) 10,656.48 11,321.00 (664.52) 27,280.00 16,623.52 60.9%6311720 Salaries 11,262.09 11,001.60 260.49 55,414.40 55,008.00 406.40 150,996.00 95,581.60 63.3%6311800 Taxes-Employer Payroll 4,432.94 6,194.00 (1,761.06) 23,398.76 32,154.00 (8,755.24) 774,129.00 750,730.24 97.0%6311880 Wages-Hourly 45,831.27 44,054.40 1,776.87 225,172.09 220,272.00 4,900.09 518,654.00 293,481.91 56.6%6311882 Wages-Overtime 145.13 - 145.13 12,636.04 10,526.00 2,110.04 15,945.00 3,308.96 20.8%Total-CM-SALARIES & BENEFITS73,280.09 72,198.00 1,082.09 377,433.18 372,981.00 4,452.18 1,591,884.00 1,214,450.82 76.3%63-CM-SUPPLIES & MATERIALS6313734 Chemicals - - - 11,146.21 - 11,146.21 34,600.00 23,453.79 67.8%6313744 Fertilizer 13,250.71 14,400.00 (1,149.29) 65,329.36 81,500.00 (16,170.64) 112,500.00 47,170.64 41.9%6313745 Herbicides 7,415.12 5,000.00 2,415.12 14,917.75 12,000.00 2,917.75 17,000.00 2,082.25 12.2%6313746 Flowers/Plants - - - 419.04 1,250.00 (830.96) 3,050.00 2,630.96 86.3%6313748 Fuel-Gasoline 4,073.21 5,500.00 (1,426.79) 21,328.60 29,000.00 (7,671.40) 55,020.00 33,691.40 61.2%6313750 Golf Course Accessories 161.04 200.00 (38.96) 11,004.67 11,100.00 (95.33) 13,000.00 1,995.33 15.3%6313756 POA Control 3,586.46 3,500.00 86.46 4,032.10 3,500.00 532.10 7,000.00 2,967.90 42.4%6313758 Miscellaneous Supp 1,085.22 500.00 585.22 3,960.55 3,250.00 710.55 4,350.00 389.45 0.0%6313762 Supplies-Office 151.49 - 151.49 151.49 - 151.49 - (151.49) 0.0%6313774 Sand - 4,000.00 (4,000.00) 20.00 11,780.00 (11,760.00) 13,460.00 13,440.00 99.9%6313776 Seed 19,379.16 15,350.00 4,029.16 132,079.30 104,360.00 27,719.30 106,810.00 (25,269.30) -23.7%6313778 Small Tools & Non-Capital Equip - 100.00 (100.00) 4,339.64 4,300.00 39.64 5,000.00 660.36 13.2%6313780 Sod - 3,250.00 (3,250.00) 2,616.72 9,000.00 (6,383.28) 10,450.00 7,833.28 75.0%6313782 Topdressing - 3,000.00 (3,000.00) 5,325.78 8,000.00 (2,674.22) 10,600.00 5,274.22 49.8%Total-CM-SUPPLIES & MATERIALS49,102.41 54,800.00 (5,697.59) 276,671.21 279,040.00 (2,368.79) 392,840.00 116,168.79 29.6%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 14,150.00 13,000.00 1,150.00 31,200.00 17,050.00 54.6%6315685 CM-R&M-Bldngs & Othr Structures 513.27 500.00 13.27 1,123.12 3,550.00 (2,426.88) 5,550.00 4,426.88 79.8%6315690 CM-R&M-Equipment 4,016.72 4,000.00 16.72 28,330.40 21,500.00 6,830.40 40,000.00 11,669.60 29.2%6315692 CM-R&M-Irrigation System 541.14 900.00 (358.86) 10,937.06 12,300.00 (1,362.94) 19,050.00 8,112.94 42.6%6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 3,162.79 5,000.00 (1,837.21) 10,500.00 7,337.21 69.9%6315815 CM-R&M-Trees-Pruning Etc 495.00 - 495.00 9,045.00 6,050.00 2,995.00 12,050.00 3,005.00 24.9%Total-CM-REPAIRS & MAINTENANCE 8,396.13 9,000.00 (603.87) 66,748.37 61,400.00 5,348.37 118,350.00 51,601.63 43.6%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG 19.49 15.00 4.49 82.47 75.00 7.47 180.00 97.53 0.0%6317840 Telephones 955.93 850.00 105.93 4,482.84 4,250.00 232.84 10,200.00 5,717.16 56.1%Total-CM-UTILITIES 975.42 865.00 110.42 4,565.31 4,325.00 240.31 10,380.00 5,814.69 56.0%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 2,500.00 2,500.00 - 6,000.00 3,500.00 58.3%6319100 Contract Svcs-Soil/Tissue Test - - - 2,000.00 2,000.00 - 4,000.00 2,000.00 50.0%6319102 Contract Svcs-Trash Removal 910.16 524.00 386.16 4,672.46 2,620.00 2,052.46 6,288.00 1,615.54 0.0%6319150 Dues & Subscriptions - - - 210.00 - 210.00 540.00 330.00 61.1%6319170 Employee Education - 50.00 (50.00) 69.00 250.00 (181.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental - 600.00 (600.00) 729.52 2,100.00 (1,370.48) 3,400.00 2,670.48 78.5%6319206 Licenses & Permits - - - - 280.00 (280.00) 4,180.00 4,180.00 100.0%6319490 Miscellaneous - 100.00 (100.00) 86.44 500.00 (413.56) 1,200.00 1,113.56 92.8%6319718 Safety Equipment & Training 612.39 500.00 112.39 1,851.74 2,350.00 (498.26) 3,850.00 1,998.26 51.9%6319822 Uniforms 711.75 920.00 (208.25) 4,817.81 4,600.00 217.81 11,040.00 6,222.19 56.4%Total-CM-OTHER EXPENSES 2,734.30 3,194.00 (459.70) 16,936.97 17,200.00 (263.03) 42,048.00 25,111.03 59.7%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementNovember 2013Annual Budget November 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) 9,499.27 13,240.00 (3,740.73) 31,776.00 22,276.73 70.1%6321325 Insurance-Workers Comp 441.20 542.00 (100.80) 2,457.60 2,723.00 (265.40) 6,361.00 3,903.40 61.4%6321800 Taxes-Employer Payroll 666.39 1,558.00 (891.61) 5,769.84 7,843.00 (2,073.16) 18,094.00 12,324.16 68.1%6321880 Wages-Hourly 12,711.00 12,880.00 (169.00) 65,088.75 64,400.00 688.75 154,560.00 89,471.25 57.9%6321882 Wages-Overtime - 966.00 (966.00) 4,955.70 5,313.00 (357.30) 6,279.00 1,323.30 21.1%Total-CM-LM-SALARIES & BENEFITS15,661.69 18,594.00 (2,932.31) 87,771.16 93,519.00 (5,747.84) 217,070.00 129,298.84 59.6%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 100.00 (100.00) 92.04 500.00 (407.96) 1,025.00 932.96 91.0%6323788 Uniforms 139.60 290.00 (150.40) 967.25 1,450.00 (482.75) 3,480.00 2,512.75 72.2%Total-CM-LM-SUPPLIES & MATERIALS139.60 390.00 (250.40) 1,059.29 1,950.00 (890.71) 4,505.00 3,445.71 76.5%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 500.00 (500.00) 900.00 2,000.00 (1,100.00) 4,250.00 3,350.00 78.8%Total-CM-LM-REPAIRS & MAINTENANCE - 500.00 (500.00) 900.00 2,000.00 (1,100.00) 4,250.00 3,350.00 78.8%150,289.64 159,541.00 (9,251.36) 832,085.49 832,415.00 (329.51) 2,381,327.00 1,549,241.51 65.1% November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 7,259.35 10,650.00 (3,390.65) 65,089.04 69,000.00 (3,910.96) 178,291.00 113,201.96 63.5%6337842 Utilities-Water4,006.30 3,255.00 751.30 28,059.96 26,815.00 1,244.96 45,338.00 17,278.04 38.1%11,265.65 13,905.00 (2,639.35) 93,149.00 95,815.00 (2,666.00) 223,629.00 130,480.00 58.3%Silverrock ResortCourse Maintenance Water & EnergyNovember 2013Total-CM-WATER & ENERGYMonth to Date Year to Date Annual BudgetTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementNovember 2013Annual BudgetMonth to Date Year to Date November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group - 662.00 (662.00) 737.24 3,310.00 (2,572.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp 307.20 410.00 (102.80) 3,146.56 1,602.00 1,544.56 5,092.00 1,945.44 38.2%6411800 Taxes-Employer Payroll 1,120.64 1,274.00 (153.36) 3,761.69 4,974.00 (1,212.31) 15,809.00 12,047.31 76.2%6411880 Wages-Hourly 10,651.63 10,230.00 421.63 36,962.46 39,952.00 (2,989.54) 126,982.00 90,019.54 70.9%6411882 Wages-Overtime 168.00 - 168.00 579.00 - 579.00 - (579.00) 0.0%Total-CBR-SALARIES & BENEFITS12,247.47 12,576.00 (328.53) 45,186.95 49,838.00 (4,651.05) 155,827.00 110,640.05 71.0%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 859.07 500.00 359.07 870.15 1,000.00 (129.85) 1,850.00 979.85 53.0%6413742 Supplies-Expendable 151.98 1,800.00 (1,648.02) 4,040.35 3,300.00 740.35 6,750.00 2,709.65 40.1%6413748 Supplies-Fuel for Shuttle 45.09 300.00 (254.91) 1,245.25 500.00 745.25 3,000.00 1,754.75 58.5%6413752 Supplies-Range Balls 6,750.00 9,000.00 (2,250.00) 6,750.00 9,000.00 (2,250.00) 9,000.00 2,250.00 25.0%6413762 Supplies-Office - 50.00 (50.00) - 175.00 (175.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels 80.00 185.00 (105.00) 1,360.00 665.00 695.00 2,182.00 822.00 37.7%6413796 Supplies-Bottled Water151.68 50.00 101.68 443.21 250.00 193.21 16,500.00 16,056.79 97.3%Total-CBR-SUPPLIES & MATERIALS8,037.82 11,885.00 (3,847.18) 14,708.96 14,890.00 (181.04) 40,227.00 25,518.04 63.4%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) 132.35 1,500.00 (1,367.65) 3,600.00 3,467.65 96.3%6415695 CBR-R&M-Cart Maintenance & Repair 322.77 500.00 (177.23) 1,067.16 2,950.00 (1,882.84) 6,450.00 5,382.84 83.5%Total-CBR-REPAIRS & MAINTENANCE 322.77 800.00 (477.23) 1,199.51 4,450.00 (3,250.49) 10,050.00 8,850.49 88.1%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 24.67 800.00 (775.33) 3,379.40 4,000.00 (620.60) 9,600.00 6,220.60 64.8%6419220 Freight/Delivery - 75.00 (75.00) - 375.00 (375.00) 450.00 450.00 100.0%6419490 Miscellaneous - 75.00 (75.00) 202.79 425.00 (222.21) 1,150.00 947.21 82.4%6419820 Uniforms 345.44 500.00 (154.56) 2,390.71 2,500.00 (109.29) 5,200.00 2,809.29 54.0%Total-CBR-OTHER EXPENSES 370.11 1,450.00 (1,079.89) 5,972.90 7,300.00 (1,327.10) 16,400.00 10,427.10 63.6%TOTAL-CARTS,BAGROOM & RANGE 20,978.17 26,711.00 (5,732.83) 67,068.32 76,478.00 (9,409.68) 222,504.00 155,435.68 69.9%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 104.90 168.00 (63.10) 1,822.12 590.00 1,232.12 1,903.00 80.88 4.3%6431800 Taxes-Employer Payroll 456.96 473.00 (16.04) 1,662.17 1,655.00 7.17 5,339.00 3,676.83 68.9%6431880 Wages-Hourly 4,092.00 4,200.00 (108.00) 14,522.00 14,700.00 (178.00) 47,460.00 32,938.00 69.4%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS4,653.86 4,841.00 (187.14) 18,006.29 16,945.00 1,061.29 54,702.00 36,695.71 67.1%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 25.76 400.00 (374.24) 1,050.00 1,024.24 97.5%6439490 Miscellaneous 35.78 50.00 (14.22) 35.78 100.00 (64.22) 200.00 164.22 82.1%6439718 Safety Equipment & Training - 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6439820 Uniforms - 75.00 (75.00) 2,191.59 1,100.00 1,091.59 2,125.00 (66.59) -3.1%Total-CS-OTHER EXPENSES 35.78 275.00 (239.22) 2,253.13 1,850.00 403.13 3,975.00 1,721.87 43.3%Total-COURSE SERVICES 4,689.64 5,116.00 (426.36) 20,259.42 18,795.00 1,464.42 58,677.00 38,417.58 65.5%25,667.81 31,827.00 (6,159.19) 87,327.74 95,273.00 (7,945.26) 281,181.00 192,131.39 68.3%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementNovember 2013Annual Budget November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) - 2,000.00 (2,000.00) 4,800.00 4,800.00 100.0%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) - 2,000.00 (2,000.00) 4,800.00 4,800.00 100.0%65-CH-UTILITIES6507836 Utilities-Natural Gas263.65 300.00 (36.35) 1,232.85 1,500.00 (267.15) 3,600.00 2,367.15 65.8%6507840 Utilities-Telephone1,318.05 1,150.00 168.05 7,135.61 5,750.00 1,385.61 13,800.00 6,664.39 48.3%6507842 Utilities-Water422.80 321.00 101.80 3,376.22 1,605.00 1,771.22 3,852.00 475.78 12.4%6507844 Utilities-Cable455.38 340.00 115.38 2,045.82 1,700.00 345.82 4,080.00 2,034.18 49.9%Total-CH-UTILITIES 2,459.88 2,111.00 348.88 13,790.50 10,555.00 3,235.50 25,332.00 11,541.50 45.6%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,900.00 1,825.00 75.00 9,125.00 9,725.00 (600.00) 22,500.00 13,375.00 59.4%6509099 Contract Services-Security4,600.04 4,900.00 (299.96) 26,015.79 24,500.00 1,515.79 60,400.00 34,384.21 56.9%6509215 Flowers & Decorations- - - - 500.00 (500.00) 1,900.00 1,900.00 100.0%6509490 Miscellaneous9.69 200.00 (190.31) 102.01 1,000.00 (897.99) 2,400.00 2,297.99 95.7%6509718 Safety Equipment & Training- 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES 6,509.73 7,025.00 (515.27) 35,242.80 36,225.00 (982.20) 88,400.00 53,157.20 60.1%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures304.58 300.00 4.58 2,044.32 1,500.00 544.32 3,600.00 1,555.68 43.2%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 1,010.00 2,000.00 (990.00) 4,800.00 3,790.00 79.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 1,059.60 2,000.00 (940.40) 4,800.00 3,740.40 77.9%Total-CH-REPAIRS & MAINTENANCE 304.58 1,100.00 (795.42) 4,113.92 5,500.00 (1,386.08) 13,200.00 9,086.08 68.8%9,274.19 10,636.00 (1,361.81) 53,147.22 54,280.00 (1,132.78) 131,732.00 18,172.16 13.8%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementNovember 2013Annual Budget November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 368.62 331.00 37.62 1,843.10 1,655.00 188.10 3,972.00 2,128.90 53.6%6601325 Insurance-Workers Comp 81.40 101.00 (19.60) 484.68 505.00 (20.32) 1,207.00 722.32 59.8%6601720 Salaries 2,002.41 2,508.00 (505.59) 11,010.77 12,540.00 (1,529.23) 30,096.00 19,085.23 63.4%6601800 Taxes-Employer Payroll 177.34 282.00 (104.66) 943.38 1,410.00 (466.62) 3,386.00 2,442.62 72.1%Total-MKT-SALARIES & BENEFITS 2,629.77 3,222.00 (592.23) 14,281.93 16,110.00 (1,828.07) 38,661.00 24,379.07 63.1%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 105.64 100.00 5.64 215.14 500.00 (284.86) 1,200.00 984.86 82.1%6603768 Supplies-Printing & Stationery 912.87 200.00 712.87 2,593.98 3,400.00 (806.02) 4,425.00 1,831.02 41.4%1,018.51 300.00 718.51 2,809.12 3,900.00 (1,090.88) 5,625.00 2,815.88 50.1%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 287.41 500.00 (212.59) 1,200.00 912.59 76.0%Total-MKT-UTILITIES 58.08 100.00 (41.92) 287.41 500.00 (212.59) 1,200.00 912.59 76.0%66-MKT-OTHER EXPENSES6609010 Advertising 15,027.98 19,680.00 (4,652.02) 58,134.18 66,433.00 (8,298.82) 179,231.00 121,096.82 67.6%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material 5,197.14 1,000.00 4,197.14 5,197.14 1,500.00 3,697.14 5,500.00 302.86 5.5%6609102 Contract Services-Web Page 99.00 150.00 (51.00) 495.00 750.00 (255.00) 1,800.00 1,305.00 72.5%6609490 Miscellaneous - 50.00 (50.00) - 50.00 (50.00) 350.00 350.00 100.0%6609620 Postage - 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 125.00 (125.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 800.00 (800.00) 662.09 1,150.00 (487.91) 2,250.00 1,587.91 70.6%6609634 Promotion-Media/Vendor - 500.00 (500.00) 59.16 500.00 (440.84) 700.00 640.84 91.5%6609150 Dues and Subscriptions - - - - - - 735.00 735.00 100.0%6609820 Uniforms 460.30 50.00 410.30 600.40 350.00 250.40 600.00 (0.40) -0.1%Total-MKT-OTHER EXPENSES 20,784.42 22,305.00 (1,520.58) 65,147.97 71,108.00 (5,960.03) 194,066.00 128,918.03 66.4%24,490.78 25,927.00 (1,436.22) 82,526.43 91,618.00 (9,091.57) 239,552.00 157,025.57 65.5%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementNovember 2013Annual Budget November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,311.12 1,458.00 (146.88) 8,812.32 7,290.00 1,522.32 17,496.00 8,683.68 49.6%6701325 Insurance-Workers Comp604.20 708.00 (103.80) 2,116.50 3,540.00 (1,423.50) 8,493.00 6,376.50 75.1%6701720 Salaries 13,769.60 15,050.00 (1,280.40) 73,145.75 75,250.00 (2,104.25) 183,961.00 110,815.25 60.2%6701800 Taxes-Employer Payroll 1,243.13 1,986.00 (742.87) 6,512.49 9,930.00 (3,417.51) 23,827.00 17,314.51 72.7%6701880 Wages-Hourly2,480.63 2,600.00 (119.37) 11,966.19 13,000.00 (1,033.81) 27,835.00 15,868.81 57.0%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 19,408.68 21,802.00 (2,393.32) 102,553.25 109,010.00 (6,456.75) 261,612.00 159,058.75 60.8%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer0.88 500.00 (499.12) 652.99 2,500.00 (1,847.01) 6,300.00 5,647.01 89.6%6703762 Supplies-Office 114.47 150.00 (35.53) 530.66 750.00 (219.34) 1,800.00 1,269.34 70.5%6703768 Supplies-Printing & Stationery3.96 100.00 (96.04) 290.47 500.00 (209.53) 3,300.00 3,009.53 91.2%Total-G&A-SUPPLIES & MATERIALS 119.31 750.00 (630.69) 1,474.12 3,750.00 (2,275.88) 11,400.00 9,925.88 87.1%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 900.00 (900.00) 559.75 1,200.00 (640.25) 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE - 900.00 (900.00) 559.75 1,200.00 (640.25) 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 2,000.00 2,000.00 - 4,800.00 2,800.00 58.3%6709150 Dues & Subscriptions- 50.00 (50.00) 165.00 350.00 (185.00) 1,700.00 1,535.00 90.3%6709180 Employee Recruiting/Relocation312.00 200.00 112.00 462.00 600.00 (138.00) 1,400.00 938.00 67.0%6709197 Equipment Rental705.61 550.00 155.61 3,139.02 2,750.00 389.02 6,600.00 3,460.98 52.4%6709202 Fees-Bank114.71 90.00 24.71 650.64 450.00 200.64 1,080.00 429.36 39.8%6709208 Fees-Payroll Processing1,176.18 1,200.00 (23.82) 6,264.16 6,000.00 264.16 14,400.00 8,135.84 56.5%6709220 Freight/Delivery- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6709490 Miscellaneous - 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services 111.25 75.00 36.25 467.50 375.00 92.50 900.00 432.50 48.1%6709625 Professional Fees1,666.21 850.00 816.21 5,641.03 4,250.00 1,391.03 10,200.00 4,558.97 44.7%6709636 Promotion/Entertainment- 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) 250.00 1,000.00 (750.00) 2,400.00 2,150.00 89.6%6709810 Travel - - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms 166.45 150.00 16.45 230.25 525.00 (294.75) 1,050.00 819.75 78.1%Total-G&A-OTHER EXPENSES 4,652.41 4,015.00 637.41 19,269.60 19,650.00 (380.40) 48,630.00 29,360.40 60.4%24,180.40 27,467.00 (3,286.60) 123,856.72 133,610.00 (9,753.28) 323,542.00 199,685.28 61.7%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementNovember 2013Annual Budget November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 11,091.63 12,075.00 (983.37) 55,458.15 60,375.00 (4,916.85) 144,900.00 89,441.85 61.7%6800194 Equipment Leases-Trailer 772.61 600.00 172.61 2,563.05 3,000.00 (436.95) 7,200.00 4,636.95 64.4%6800196 Equipment Leases-GPS 4,940.00 5,755.00 (815.00) 25,095.20 28,775.00 (3,679.80) 69,060.00 43,964.80 63.7%6800197 Equipment Leases-Others 477.53 460.00 17.53 5,693.91 2,300.00 3,393.91 5,520.00 (173.91) 0.0%17,281.77 18,890.00 (1,608.23) 88,810.31 94,450.00 (5,639.69) 226,680.00 137,869.69 60.8%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 40,000.00 40,000.00 - 96,000.00 56,000.00 58.3%6900210 FF&E Reserve 6,634.81 6,004.00 630.81 13,098.96 13,128.00 (29.04) 65,885.00 52,786.04 80.1%6900800 Personal Property Taxes - - - 8,285.36 14,800.00 (6,514.64) 14,800.00 6,514.64 44.0%6900323 Insurance-Commercial 8,710.95 2,200.00 6,510.95 16,371.44 11,000.00 5,371.44 26,400.00 10,028.56 38.0%23,345.76 16,204.00 7,141.76 77,755.76 78,928.00 (1,172.24) 203,085.00 125,329.24 61.7%Annual BudgetMonth to Date Year to DateTotal-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementNovember 2013 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2013-20142013 2013 2013 2013 2013 2013Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia46 2SalesPromotion4Golf Industry4VIPCelebrityPGA Comp61 41 39 6 20Charity/Gift Certificate13 6 2 23Rain/Wind Checks64Club Staff90 42 36 16 41LQ HS Golf8 6 25 25 11180 105 108 47 101 02014 2014 2014 2014 2014 2014Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf000000 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013November 2013 Date Time Description CategoryPlayers11/18/2014 10:30 Max Alder - Golf Digest Magazine Rater Media 2