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10 April 2014 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2013 – April 2014 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 April Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue425,521.20 463,400.00 (37,878.80) -8.2% 2,802,685.19 2,830,688.00 (28,002.81) 3,294,267.00 491,581.81 85%401000 Miscellaneous Golf Revenue 39,236.40 23,420.00 15,816.40 67.5% 332,169.50 275,636.00 56,533.50 302,480.00 (29,689.50) 110%410000 Revenue-Golf Shop 26,116.05 35,000.00 (8,883.95) -25.4% 194,974.68 233,386.00 (38,411.32) 279,585.00 84,610.32 70%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 11,000.00 11,000.00 - 12,000.00 1,000.00 92%890000 Interest Income1.67 - 1.67 0.0% 5.98 - 5.98 - (5.98) 0%Total Income491,375.32 522,320.00 (30,944.68) -5.9% 3,340,835.35 3,350,710.00 (9,874.65) 3,888,332.00 547,496.65 86%Cost of Goods Sold510000 COS-Golf Shop 14,742.68 18,576.00 (3,833.32) 20.6% 111,287.47 123,867.30 12,579.83 148,390.00 37,102.53 75%Total COS14,742.68 18,576.00 (3,833.32) 20.6% 111,287.47 123,867.30 12,579.83 148,390.00 37,102.53 75%Gross Profit476,632.64 503,744.00 (27,111.36) -5.4% 3,229,547.88 3,226,842.70 2,705.18 3,739,942.00 510,394.12 86%Expenses610000 Golf Pro Shop 17,450.37 18,191.00 740.63 4.1% 156,594.79 179,877.00 23,282.21 219,667.00 63,072.21 71%630000 Course Maintenance127,843.04 119,970.00 (7,873.04) -6.6% 1,467,655.72 1,453,968.00 (13,687.72) 1,684,328.00 216,672.28 87%633000 Maintenance Water & Energy17,058.62 20,967.00 3,908.38 18.6% 165,548.64 171,337.00 5,788.36 223,629.00 58,080.36 74%640000 Outside Services27,403.84 25,922.00 (1,481.84) -5.7% 222,057.09 238,286.00 16,228.91 281,182.00 59,124.91 79%650000 Clubhouse 10,052.71 10,636.00 583.29 5.5% 115,093.40 110,060.00 (5,033.40) 131,732.00 16,638.60 87%660000 Marketing 23,104.02 22,727.00 (377.02) -1.7% 207,237.84 216,137.00 8,899.16 239,552.00 32,314.16 87%670000 General & Administrative27,301.15 26,892.00 (409.15) -1.5% 257,836.61 268,720.00 10,883.39 323,543.00 65,706.39 80%680000 Leases 15,902.54 18,890.00 2,987.46 15.8% 159,592.72 188,900.00 29,307.28 226,680.00 67,087.28 70%690000 Miscellaneous Other Expense19,590.70 19,468.00 (122.70) -0.6% 165,106.30 173,414.00 8,307.70 203,085.00 37,978.70 81%Total Expenses285,706.99 283,663.00 (2,043.99) -0.7% 2,916,723.11 3,000,699.00 83,975.89 3,533,398.00 616,674.89 83%190,925.65 220,081.00 (29,155.35) -13.2%312,824.77 226,143.70 86,681.07 206,544.00 (106,280.77) 151%Rounds of Golf PlayedPaid Rounds Played 5,466 5,600 (134) -2.4% 40,012 39,010 1,002 46,710 6,698 86%Ave $ Per Paid Round Green Fee77.85 82.75 (4.90) -5.9% 70.05 72.56 (2.52) 70.53 0.48 99%Ave $ Per Paid Round Merchandise4.78 6.25 (1.47) -23.6% 4.87 5.98 (1.11) 5.99 1.11 81%Ave $ Per Paid Miscellaneous 7.18 4.18 3.00 71.6% 8.30 7.07 1.24 6.48 (1.83) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateApril 20141 Income April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 425,521.20 463,400.00 (37,878.80) 2,802,685.19 2,830,688.00 (28,002.81) 3,294,267.00491,581.8185%4010000 Rider Fee 1,675.00 560.00 1,115.00 8,900.00 6,931.00 1,969.00 7,700.00-1,200.00116%4040000 Club Rental 3,125.00 2,800.00 325.00 19,070.00 19,505.00 (435.00) 23,355.004,285.0082%4050000 Driving Range 11,695.00 8,400.00 3,295.00 99,828.00 78,775.00 21,053.00 90,325.00-9,503.00111%4060000 Handicap Fees - - - 2,744.00 2,500.00 244.00 2,500.00-244.000%4080000 GPS Advertising - 100.00 (100.00) 500.00 2,600.00 (2,100.00) 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract 1,294.40 1,000.00 294.40 4,280.00 4,000.00 280.00 4,000.00 -280.00107%4091000 Golf Professional Rental Fee 7,578.50 6,000.00 1,578.50 48,707.25 33,000.00 15,707.25 37,000.00 -11,707.25 132%4092000 Golf Lessons 638.50 - 638.50 1,275.25 - 1,275.25 - (1,275.25) 0%4093000 Resident Card Issue 13,230.00 4,560.00 8,670.00 146,865.00 128,325.00 18,540.00 135,000.00 (11,865.00) 109% Total Revenue Fees 464,757.60 486,820.00 (22,062.40) 3,134,854.69 3,106,324.00 28,530.69 3,461,747.00 473,757.31 86%464,757.60 486,820.00 (22,062.40) 3,134,854.69 3,106,324.00 28,530.69 3,461,747.00 473,757.31 86%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueApril 20142 Actual Budget Variance$39,236.40 $23,420.00 15,816.40Favorable: Due to additional golf schools (Golf Made Simple), increased driving range revenue and increasedresident card issuances compared to what was projected.Actual BudgetVariance$26,116.05 $35,000.00 (8,883.95)Unfavorable: Merchandise sales were down by nearly 25%; consumer spending in merchandise continues to be lower than budgeted. This appears to be the trend. Staff has called other local golf resorts and their merchandise sales are below projections as well. Actual Budget Variance$17,058.62 $20,967.00 3,908.38Favorable: Electricity reduced due to reducing water pump run times for the water features. Actual Budget Variance$15,902.54 $18,890.00 2,987.46Favorable: Reduced monthly cost more than what was originally projected due to the renewed GPS and golf cart lease contracts Variance ExplanationApril 2014The explanation of variance from budget shown below provide details of variances by revenue and expensecatagories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations areprovided for those cost of sales percentage that are greater than 5%.Misc Golf RevenuePro Shop Merchandise SalesWater & EnergyLeases3 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 9,733.33 8,740.00 993.33 97,207.60 87,400.00 9,807.60 104,880.00 7,672.40 7.3%6311325 Insurance-Workers Comp 2,742.65 2,208.00 534.65 23,164.51 22,787.00 377.51 27,280.00 4,115.49 15.1%6311720 Salaries 12,930.20 11,001.60 1,928.60 111,828.80 110,016.00 1,812.80 150,996.00 39,167.20 25.9%6311800 Taxes-Employer Payroll 6,765.00 6,194.00 571.00 58,612.85 64,418.00 (5,805.15) 774,129.00 715,516.15 92.4%6311880 Wages-Hourly 46,508.64 44,059.40 2,449.24 461,362.47 449,512.00 11,850.47 518,654.00 57,291.53 11.0%6311882 Wages-Overtime - - - 15,051.32 13,076.00 1,975.32 15,945.00 893.68 5.6%Total-CM-SALARIES & BENEFITS78,679.82 72,203.00 6,476.82 767,227.55 747,209.00 20,018.55 1,591,884.00 824,656.45 51.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 1,847.67 - 1,847.67 22,209.72 - 22,209.72 34,600.00 12,390.28 35.8%6313744 Fertilizer 5,069.79 7,000.00 (1,930.21) 104,668.48 134,200.00 (29,531.52) 112,500.00 7,831.52 7.0%6313745 Herbicides - - - 19,939.75 17,000.00 2,939.75 17,000.00 (2,939.75) -17.3%6313746 Flowers/Plants 34.56 100.00 (65.44) 453.60 3,050.00 (2,596.40) 3,050.00 2,596.40 85.1%6313748 Fuel-Gasoline 3,624.77 4,100.00 (475.23) 36,976.58 48,820.00 (11,843.42) 55,020.00 18,043.42 32.8%6313750 Golf Course Accessories 65.17 100.00 (34.83) 12,714.09 12,800.00 (85.91) 13,000.00 285.91 2.2%6313756 POA Control 242.74 - 242.74 8,334.67 7,000.00 1,334.67 7,000.00 (1,334.67) -19.1%6313758 Miscellaneous Supp 892.36 100.00 792.36 8,302.83 4,150.00 4,152.83 4,350.00 (3,952.83) 0.0%6313762 Supplies-Office - - - 151.49 - 151.49 - (151.49) 0.0%6313774 Sand - 100.00 (100.00) 3,617.84 13,260.00 (9,642.16) 13,460.00 9,842.16 73.1%6313776 Seed - 350.00 (350.00) 133,342.90 106,110.00 27,232.90 106,810.00 (26,532.90) -24.8%6313778 Small Tools & Non-Capital Equip 546.48 100.00 446.48 5,928.23 4,800.00 1,128.23 5,000.00 (928.23) -18.6%6313780 Sod - - - 2,616.72 9,750.00 (7,133.28) 10,450.00 7,833.28 75.0%6313782 Topdressing - - - 5,325.78 8,000.00 (2,674.22) 10,600.00 5,274.22 49.8%Total-CM-SUPPLIES & MATERIALS12,323.54 11,950.00 373.54 364,582.68 368,940.00 (4,357.32) 392,840.00 28,257.32 7.2%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 28,300.00 26,000.00 2,300.00 31,200.00 2,900.00 9.3%6315685 CM-R&M-Bldngs & Othr Structures 138.29 250.00 (111.71) 2,420.16 5,050.00 (2,629.84) 5,550.00 3,129.84 56.4%6315690 CM-R&M-Equipment 2,744.46 2,500.00 244.46 44,859.14 35,500.00 9,359.14 40,000.00 (4,859.14) -12.1%6315692 CM-R&M-Irrigation System 1,371.01 1,000.00 371.01 16,805.81 17,050.00 (244.19) 19,050.00 2,244.19 11.8%6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 4,313.91 10,000.00 (5,686.09) 10,500.00 6,186.09 58.9%6315815 CM-R&M-Trees-Pruning Etc 4,000.00 4,000.00 - 15,045.00 12,050.00 2,995.00 12,050.00 (2,995.00) -24.9%Total-CM-REPAIRS & MAINTENANCE 11,083.76 11,350.00 (266.24) 111,744.02 105,650.00 6,094.02 118,350.00 6,605.98 5.6%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG 24.85 15.00 9.85 212.36 150.00 62.36 180.00 (32.36) 0.0%6317840 Telephones 1,553.66 850.00 703.66 10,182.16 8,500.00 1,682.16 10,200.00 17.84 0.2%Total-CM-UTILITIES 1,578.51 865.00 713.51 10,394.52 8,650.00 1,744.52 10,380.00 (14.52) -0.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 5,000.00 5,000.00 - 6,000.00 1,000.00 16.7%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 752.46 524.00 228.46 8,702.26 5,240.00 3,462.26 6,288.00 (2,414.26) 0.0%6319150 Dues & Subscriptions - 200.00 (200.00) 1,210.00 440.00 770.00 540.00 (670.00) -124.1%6319170 Employee Education - 50.00 (50.00) 69.00 1,450.00 (1,381.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental - 200.00 (200.00) 729.52 3,100.00 (2,370.48) 3,400.00 2,670.48 78.5%6319206 Licenses & Permits 4,672.00 2,900.00 1,772.00 4,672.00 4,180.00 492.00 4,180.00 (492.00) -11.8%6319490 Miscellaneous 74.44 100.00 (25.56) 316.32 1,000.00 (683.68) 1,200.00 883.68 73.6%6319718 Safety Equipment & Training 72.36 100.00 (27.64) 3,767.22 3,650.00 117.22 3,850.00 82.78 2.2%6319822 Uniforms 590.40 920.00 (329.60) 10,503.82 9,200.00 1,303.82 11,040.00 536.18 4.9%Total-CM-OTHER EXPENSES 6,661.66 5,494.00 1,167.66 36,970.14 35,260.00 1,710.14 42,048.00 5,077.86 12.1%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementApril 2014Annual Budget4 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,868.05 2,648.00 (779.95) 18,214.52 26,480.00 (8,265.48) 31,776.00 13,561.48 42.7%6321325 Insurance-Workers Comp 497.98 516.00 (18.02) 4,705.70 5,303.00 (597.30) 6,361.00 1,655.30 26.0%6321800 Taxes-Employer Payroll 1,617.99 1,449.00 168.99 14,933.59 15,088.00 (154.41) 18,094.00 3,160.41 17.5%6321880 Wages-Hourly 13,403.95 12,880.00 523.95 130,658.95 128,800.00 1,858.95 154,560.00 23,901.05 15.5%6321882 Wages-Overtime - - - 4,966.95 5,313.00 (346.05) 6,279.00 1,312.05 20.9%Total-CM-LM-SALARIES & BENEFITS17,387.97 17,493.00 (105.03) 173,479.71 180,984.00 (7,504.29) 217,070.00 43,590.29 20.1%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 92.04 875.00 (782.96) 1,025.00 932.96 91.0%6323788 Uniforms 127.78 290.00 (162.22) 2,265.06 2,900.00 (634.94) 3,480.00 1,214.94 34.9%Total-CM-LM-SUPPLIES & MATERIALS127.78 365.00 (237.22) 2,357.10 3,775.00 (1,417.90) 4,505.00 2,147.90 47.7%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) 900.00 3,500.00 (2,600.00) 4,250.00 3,350.00 78.8%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) 900.00 3,500.00 (2,600.00) 4,250.00 3,350.00 78.8%127,843.04 119,970.00 7,873.04 1,467,655.72 1,453,968.00 13,687.72 2,381,327.00 913,671.28 38.4% April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 12,598.35 19,417.00 (6,818.65) 122,652.73 135,764.00 (13,111.27) 178,291.00 55,638.27 31.2%6337842 Utilities-Water4,460.27 1,550.00 2,910.27 42,895.91 35,573.00 7,322.91 45,338.00 2,442.09 5.4%17,058.62 20,967.00 (3,908.38) 165,548.64 171,337.00 (5,788.36) 223,629.00 58,080.36 26.0%Silverrock ResortCourse Maintenance Water & EnergyApril 2014Total-CM-WATER & ENERGYMonth to Date Year to Date Annual BudgetTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementApril 2014Annual BudgetMonth to Date Year to Date5 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group - 662.00 (662.00) 737.24 6,620.00 (5,882.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp 286.85 550.00 (263.15) 5,653.47 4,359.00 1,294.47 5,092.00 (561.47) -11.0%6411800 Taxes-Employer Payroll 2,322.74 1,707.00 615.74 13,833.53 13,531.00 302.53 15,809.00 1,975.47 12.5%6411880 Wages-Hourly 15,458.76 13,710.00 1,748.76 101,512.87 108,682.00 (7,169.13) 126,982.00 25,469.13 20.1%6411882 Wages-Overtime 241.51 - 241.51 1,332.58 - 1,332.58 - (1,332.58) 0.0%Total-CBR-SALARIES & BENEFITS18,309.86 16,629.00 1,680.86 123,069.69 133,192.00 (10,122.31) 155,827.00 32,757.31 21.0%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 50.00 (50.00) 889.46 1,750.00 (860.54) 1,850.00 960.54 51.9%6413742 Supplies-Expendable 889.38 150.00 739.38 8,497.58 5,750.00 2,747.58 6,750.00 (1,747.58) -25.9%6413748 Supplies-Fuel for Shuttle 304.80 450.00 (145.20) 2,704.99 2,700.00 4.99 3,000.00 295.01 9.8%6413752 Supplies-Range Balls - - - 9,170.00 9,000.00 170.00 9,000.00 (170.00) -1.9%6413762 Supplies-Office - 50.00 (50.00) - 425.00 (425.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - 70.00 (70.00) 39.83 280.00 (240.17) 420.00 380.17 90.5%6413786 Supplies-Towels 319.50 250.00 69.50 3,199.50 1,860.00 1,339.50 2,182.00 (1,017.50) -46.6%6413796 Supplies-Bottled Water216.00 50.00 166.00 8,299.47 8,450.00 (150.53) 16,500.00 8,200.53 49.7%Total-CBR-SUPPLIES & MATERIALS1,729.68 1,070.00 659.68 32,800.83 30,215.00 2,585.83 40,227.00 7,426.17 18.5%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 49.25 300.00 (250.75) 1,079.85 3,000.00 (1,920.15) 3,600.00 2,520.15 70.0%6415695 CBR-R&M-Cart Maintenance & Repair 8.81 500.00 (491.19) 2,304.69 5,450.00 (3,145.31) 6,450.00 4,145.31 64.3%Total-CBR-REPAIRS & MAINTENANCE 58.06 800.00 (741.94) 3,384.54 8,450.00 (5,065.46) 10,050.00 6,665.46 66.3%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 525.35 800.00 (274.65) 7,734.32 8,000.00 (265.68) 9,600.00 1,865.68 19.4%6419220 Freight/Delivery - - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous 4.36 125.00 (120.64) 345.20 900.00 (554.80) 1,150.00 804.80 70.0%6419820 Uniforms - - - 2,780.47 3,500.00 (719.53) 5,200.00 2,419.53 46.5%Total-CBR-OTHER EXPENSES 529.71 925.00 (395.29) 10,859.99 12,850.00 (1,990.01) 16,400.00 5,540.01 33.8%TOTAL-CARTS,BAGROOM & RANGE 20,627.31 19,424.00 1,203.31 170,115.05 184,707.00 (14,591.95) 222,504.00 52,388.95 23.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 133.75 207.00 (73.25) 2,598.62 1,741.00 857.62 1,903.00 (695.62) -36.6%6431800 Taxes-Employer Payroll 960.78 581.00 379.78 5,672.26 4,883.00 789.26 5,339.00 (333.26) -6.2%6431880 Wages-Hourly 5,682.00 5,160.00 522.00 41,065.38 43,380.00 (2,314.62) 47,460.00 6,394.62 13.5%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS6,776.53 5,948.00 828.53 49,336.26 50,004.00 (667.74) 54,702.00 5,365.74 9.8%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 145.86 900.00 (754.14) 1,050.00 904.14 86.1%6439490 Miscellaneous - - - 268.33 200.00 68.33 200.00 (68.33) -34.2%6439718 Safety Equipment & Training - 50.00 (50.00) - 500.00 (500.00) 600.00 600.00 100.0%6439820 Uniforms - 400.00 (400.00) 2,191.59 1,975.00 216.59 2,125.00 (66.59) -3.1%Total-CS-OTHER EXPENSES - 550.00 (550.00) 2,605.78 3,575.00 (969.22) 3,975.00 1,369.22 34.4%Total-COURSE SERVICES 6,776.53 6,498.00 278.53 51,942.04 53,579.00 (1,636.96) 58,677.00 6,734.96 11.5%27,403.84 25,922.00 1,481.84 222,057.09 238,286.00 (16,228.91) 281,181.00 57,754.69 20.5%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementApril 2014Annual Budget6 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) 2,750.44 4,000.00 (1,249.56) 4,800.00 2,049.56 42.7%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) 2,750.44 4,000.00 (1,249.56) 4,800.00 2,049.56 42.7%65-CH-UTILITIES6507836 Utilities-Natural Gas590.01 300.00 290.01 4,920.36 3,000.00 1,920.36 3,600.00 (1,320.36) -36.7%6507840 Utilities-Telephone1,418.20 1,150.00 268.20 13,961.57 11,500.00 2,461.57 13,800.00 (161.57) -1.2%6507842 Utilities-Water479.25 321.00 158.25 7,168.73 3,210.00 3,958.73 3,852.00 (3,316.73) -86.1%6507844 Utilities-Cable455.38 340.00 115.38 4,327.47 3,400.00 927.47 4,080.00 (247.47) -6.1%Total-CH-UTILITIES 2,942.84 2,111.00 831.84 30,378.13 21,110.00 9,268.13 25,332.00 (5,046.13) -19.9%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,825.00 1,825.00 - 18,580.00 18,850.00 (270.00) 22,500.00 3,920.00 17.4%6509099 Contract Services-Security5,058.96 4,900.00 158.96 52,346.07 50,600.00 1,746.07 60,400.00 8,053.93 13.3%6509215 Flowers & Decorations- - - 317.50 1,500.00 (1,182.50) 1,900.00 1,582.50 83.3%6509490 Miscellaneous9.82 200.00 (190.18) 788.26 2,000.00 (1,211.74) 2,400.00 1,611.74 67.2%6509718 Safety Equipment & Training- 100.00 (100.00) 386.04 1,000.00 (613.96) 1,200.00 813.96 67.8%Total-CH-OTHER EXPENSES 6,893.78 7,025.00 (131.22) 72,417.87 73,950.00 (1,532.13) 88,400.00 15,982.13 18.1%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures216.09 300.00 (83.91) 3,803.73 3,000.00 803.73 3,600.00 (203.73) -5.7%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 3,213.13 4,000.00 (786.87) 4,800.00 1,586.87 33.1%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 2,530.10 4,000.00 (1,469.90) 4,800.00 2,269.90 47.3%Total-CH-REPAIRS & MAINTENANCE 216.09 1,100.00 (883.91) 9,546.96 11,000.00 (1,453.04) 13,200.00 3,653.04 27.7%10,052.71 10,636.00 (583.29) 115,093.40 110,060.00 5,033.40 131,732.00 7,306.08 5.5%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementApril 2014Annual Budget7 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 373.61 331.00 42.61 3,586.15 3,310.00 276.15 3,972.00 385.85 9.7%6601325 Insurance-Workers Comp 101.49 101.00 0.49 969.37 1,010.00 (40.63) 1,207.00 237.63 19.7%6601720 Salaries 2,543.57 2,508.00 35.57 22,669.15 25,080.00 (2,410.85) 30,096.00 7,426.85 24.7%6601800 Taxes-Employer Payroll 267.03 282.00 (14.97) 2,876.27 2,820.00 56.27 3,386.00 509.73 15.1%Total-MKT-SALARIES & BENEFITS 3,285.70 3,222.00 63.70 30,100.94 32,220.00 (2,119.06) 38,661.00 8,560.06 22.1%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 749.87 1,000.00 (250.13) 1,200.00 450.13 37.5%6603768 Supplies-Printing & Stationery 316.19 125.00 191.19 5,920.43 4,175.00 1,745.43 4,425.00 (1,495.43) -33.8%316.19 225.00 91.19 6,670.30 5,175.00 1,495.30 5,625.00 (1,045.30) -18.6%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 577.81 1,000.00 (422.19) 1,200.00 622.19 51.8%Total-MKT-UTILITIES 58.08 100.00 (41.92) 577.81 1,000.00 (422.19) 1,200.00 622.19 51.8%66-MKT-OTHER EXPENSES6609010 Advertising 17,247.04 18,230.00 (982.96) 154,844.33 165,657.00 (10,812.67) 179,231.00 24,386.67 13.6%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material 2,197.01 500.00 1,697.01 9,414.48 3,500.00 5,914.48 5,500.00 (3,914.48) -71.2%6609102 Contract Services-Web Page - 150.00 (150.00) 693.00 1,500.00 (807.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous - 50.00 (50.00) 75.78 300.00 (224.22) 350.00 274.22 78.3%6609620 Postage - 50.00 (50.00) - 500.00 (500.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 250.00 (250.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 125.00 (125.00) 1,728.09 2,700.00 (971.91) 2,250.00 521.91 23.2%6609634 Promotion-Media/Vendor - - - 1,937.77 2,000.00 (62.23) 700.00 (1,237.77) -176.8%6609150 Dues and Subscriptions - - - 110.00 735.00 (625.00) 735.00 625.00 85.0%6609820 Uniforms - 50.00 (50.00) 1,085.34 600.00 485.34 600.00 (485.34) -80.9%Total-MKT-OTHER EXPENSES 19,444.05 19,180.00 264.05 169,888.79 177,742.00 (7,853.21) 194,066.00 24,177.21 12.5%23,104.02 22,727.00 377.02 207,237.84 216,137.00 (8,899.16) 239,552.00 32,314.16 13.5%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementApril 2014Annual Budget8 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,332.83 1,458.00 (125.17) 15,226.45 14,580.00 646.45 17,496.00 2,269.55 13.0%6701325 Insurance-Workers Comp707.13 708.00 (0.87) 5,146.37 7,080.00 (1,933.63) 8,493.00 3,346.63 39.4%6701720 Salaries 16,654.40 15,050.00 1,604.40 146,878.55 150,500.00 (3,621.45) 183,961.00 37,082.45 20.2%6701800 Taxes-Employer Payroll 1,127.82 1,986.00 (858.18) 15,700.10 19,860.00 (4,159.90) 23,827.00 8,126.90 34.1%6701880 Wages-Hourly3,000.44 2,600.00 400.44 25,274.96 26,000.00 (725.04) 27,835.00 2,560.04 9.2%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 22,822.62 21,802.00 1,020.62 208,226.43 218,020.00 (9,793.57) 261,612.00 53,385.57 20.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 500.00 (500.00) 2,372.16 5,000.00 (2,627.84) 6,300.00 3,927.84 62.3%6703762 Supplies-Office 158.38 150.00 8.38 1,254.26 1,500.00 (245.74) 1,800.00 545.74 30.3%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 1,617.69 2,500.00 (882.31) 3,300.00 1,682.31 51.0%Total-G&A-SUPPLIES & MATERIALS 158.38 1,050.00 (891.62) 5,244.11 9,000.00 (3,755.89) 11,400.00 6,155.89 54.0%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 559.75 1,700.00 (1,140.25) 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 559.75 1,700.00 (1,140.25) 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 4,000.00 4,000.00 - 4,800.00 800.00 16.7%6709150 Dues & Subscriptions- 50.00 (50.00) 817.00 1,150.00 (333.00) 1,700.00 883.00 51.9%6709180 Employee Recruiting/Relocation150.00 - 150.00 1,067.84 1,400.00 (332.16) 1,400.00 332.16 23.7%6709197 Equipment Rental522.17 550.00 (27.83) 5,892.32 5,500.00 392.32 6,600.00 707.68 10.7%6709202 Fees-Bank275.63 90.00 185.63 1,715.87 900.00 815.87 1,080.00 (635.87) -58.9%6709208 Fees-Payroll Processing1,552.89 1,200.00 352.89 13,518.96 12,000.00 1,518.96 14,400.00 881.04 6.1%6709220 Freight/Delivery58.71 50.00 8.71 58.71 500.00 (441.29) 600.00 541.29 90.2%6709490 Miscellaneous 100.00 100.00 - 213.61 1,000.00 (786.39) 1,200.00 986.39 82.2%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services 98.00 75.00 23.00 1,068.75 750.00 318.75 900.00 (168.75) -18.8%6709625 Professional Fees1,162.75 850.00 312.75 10,923.48 8,500.00 2,423.48 10,200.00 (723.48) -7.1%6709636 Promotion/Entertainment- 100.00 (100.00) 2,880.00 1,000.00 1,880.00 1,200.00 (1,680.00) -140.0%6709722 Seminars & Training- 200.00 (200.00) 967.61 2,000.00 (1,032.39) 2,400.00 1,432.39 59.7%6709810 Travel - 200.00 (200.00) - 400.00 (400.00) 1,100.00 1,100.00 100.0%6709820 Uniforms - 75.00 (75.00) 682.17 900.00 (217.83) 1,050.00 367.83 35.0%Total-G&A-OTHER EXPENSES 4,320.15 3,940.00 380.15 43,806.32 40,000.00 3,806.32 48,630.00 4,823.68 9.9%27,301.15 26,892.00 409.15 257,836.61 268,720.00 (10,883.39) 323,542.00 65,705.39 20.3%Annual BudgetSilverRock ResortGeneral & Administrative Expense StatementApril 2014Total-GENERAL & ADMINISTRATIVEMonth to Date Year to Date9 April Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 10,363.45 12,075.00 (1,711.55) 95,580.59 120,750.00 (25,169.41) 144,900.00 49,319.41 34.0%6800194 Equipment Leases-Trailer 512.61 600.00 (87.39) 5,378.71 6,000.00 (621.29) 7,200.00 1,821.29 25.3%6800196 Equipment Leases-GPS 4,480.00 5,755.00 (1,275.00) 48,069.60 57,550.00 (9,480.40) 69,060.00 20,990.40 30.4%6800197 Equipment Leases-Others 546.48 460.00 86.48 10,563.82 4,600.00 5,963.82 5,520.00 (5,043.82) 0.0%15,902.54 18,890.00 (2,987.46) 159,592.72 188,900.00 (29,307.28) 226,680.00 67,087.28 29.6%f69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 80,000.00 80,000.00 - 96,000.00 16,000.00 16.7%6900210 FF&E Reserve 8,510.43 9,268.00 (757.57) 45,048.15 56,614.00 (11,565.85) 65,885.00 20,836.85 31.6%6900800 Personal Property Taxes - - - 8,285.36 14,800.00 (6,514.64) 14,800.00 6,514.64 44.0%6900323 Insurance-Commercial 3,080.27 2,200.00 880.27 31,772.79 22,000.00 9,772.79 26,400.00 (5,372.79) -20.4%19,590.70 19,468.00 122.70 165,106.30 173,414.00 (8,307.70) 203,085.00 37,978.70 18.7%Annual BudgetMonth to Date Year to DateTotal-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementApril 201410 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2013-20142013 2013 2013 2013 2013 2013Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia46 27SalesPromotion4Golf Industry44VIPCelebrityPGA Comp61 41 39 6 20 38Charity/Gift Certificate13 6 2 23 22Rain/Wind Checks642Club Staff90 42 36 16 41 75LQ HS Golf8 6 25 25 11 30180 105 108 47 101 1782014 2014 2014 2014 2014 2014Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia2414Sales2Promotion16 10Golf Industry36 4VIPCelebrityPGA Comp26 292656Charity/Gift Certificate523Rain/Wind Checks1511Club Staff75 517291LQ HS Golf9 126760134 103 175 259 0 011