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03 September 2013 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2013 – September 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 September Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue118,647.10 139,200.00 (20,552.90) -14.8% 266,663.93 307,053.00 (40,389.07) 3,294,267.00 3,027,603.07 8%401000 Miscellaneous Golf Revenue 11,085.00 9,930.00 1,155.00 11.6% 24,959.50 27,450.00 (2,490.50) 302,480.00 277,520.50 8%410000 Revenue-Golf Shop 11,967.58 14,720.00 (2,752.42) -18.7% 26,832.49 30,711.00 (3,878.51) 279,585.00 252,752.51 10%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 1,500.00 1,500.00 - 12,000.00 10,500.00 13%890000 Interest Income0.64 - 0.64 0.0% 1.53 - 1.53 - (1.53) 0%Total Income142,200.32 164,350.00 (22,149.68) -13.5% 319,957.45 366,714.00 (46,756.55) 3,888,332.00 3,568,374.55 8%Cost of Goods Sold510000 COS-Golf Shop 6,704.40 7,812.00 (1,107.60) 14.2% 14,915.25 16,299.05 1,383.80 148,390.00 133,474.75 10%Total COS6,704.40 7,812.00 (1,107.60) 14.2% 14,915.25 16,299.05 1,383.80 148,390.00 133,474.75 10%Gross Profit135,495.92 156,538.00 (21,042.08) -13.4% 305,042.20 350,414.95 (45,372.75) 3,739,942.00 3,434,899.80 8%Expenses610000 Golf Pro Shop 14,368.25 17,421.00 3,052.75 17.5% 45,365.90 51,265.00 5,899.10 219,667.00 174,301.10 21%630000 Course Maintenance143,117.12 148,871.00 5,753.88 3.9% 394,995.94 408,381.00 13,385.06 1,684,328.00 1,289,332.06 23%633000 Maintenance Water & Energy19,162.45 19,975.00 812.55 4.1% 64,484.19 65,560.00 1,075.81 223,629.00 159,144.81 29%640000 Outside Services17,316.00 17,364.00 48.00 0.3% 47,008.81 46,995.00 (13.81) 281,182.00 234,173.19 17%650000 Clubhouse 10,436.74 10,636.00 199.26 1.9% 30,678.25 31,908.00 1,229.75 131,732.00 101,053.75 23%660000 Marketing 19,438.84 24,119.00 4,680.16 19.4% 44,515.38 49,297.00 4,781.62 239,552.00 195,036.62 19%670000 General & Administrative25,538.88 26,742.00 1,203.12 4.5% 77,846.64 79,476.00 1,629.36 323,543.00 245,696.36 24%680000 Leases 19,071.20 18,890.00 (181.20) -1.0% 54,084.38 56,670.00 2,585.62 226,680.00 172,595.62 24%690000 Miscellaneous Other Expense10,372.95 12,984.00 2,611.05 20.1% 39,786.23 41,941.00 2,154.77 203,085.00 163,298.77 20%Total Expenses278,822.43 297,002.00 18,179.57 6.1% 798,765.72 831,493.00 32,727.28 3,533,398.00 2,734,632.28 23%(143,326.51) (140,464.00) (2,862.51) -2.0%(493,723.52) (481,078.05) (12,645.47) 206,544.00 700,267.52 -239%Rounds of Golf PlayedPaid Rounds Played 2,962 3,200 (238) -7.4% 7,637 8,000 (363) 46,710 39,073 16%Ave $ Per Paid Round Green Fee40.06 43.50 (3.44) -7.9% 34.92 38.38 (3.46) 70.53 35.61 50%Ave $ Per Paid Round Merchandise4.04 4.60 (0.56) -12.2% 3.51 3.84 (0.33) 5.99 2.47 59%Ave $ Per Paid Miscellaneous 3.74 3.10 0.64 20.6% 3.27 3.43 (0.16) 6.48 3.21 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateSeptember 20131 ACTUALBUDGETVARIANCERevenue Fees118,647.10$ 139,200.00$ (20,552.90)$ Unfavorable: Due to 100 year rain storm event, the golf course bunkers and native areas were being played as groundunder repair. The tee sheet was closed from 11:00 a.m. to 3:00 p.m. Monday-Saturday in an effort to give the golf coursemaintenance staff time to repair the formal bunkers. The maintenance staff worked on the back nine bunkers in the mornings and then switched to the front nine bunkers in the afternoons. The formal bunkers were completed on September 17, 2013.Pro Shop Merchandise Sales11,967.58$ 14,720.00$ (2,752.42)$ Unfavorable: Merchandise sales were down by nearly 19% due to a decrease in rounds of golf played. This was a resultof reduced tee times and golf course conditions from the rain event of August 25, 2013.Pro Shop Expenses 14,368.25$ 17,421.00$ 3,052.75$ Favorable: Due to reduced payroll with low employee turnover and online tee time bookings. Also, supplies and miscellaneous items not received due to timing of orders.Marketing19,438.84$ 24,119.00$ 4,680.16$ Favorable: Due to timing of advertising invoices.Miscellaneous10,372.95$ 12,984.00$ 2,611.05$ Favorable: Due to adjustments to commercial insurance, no payment required for September 2013. Variance ExplanationsSeptember 20132 Income September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 118,647.10 139,200.00 (20,552.90) 266,663.93 307,053.00 (40,389.07) 3,294,267.003,027,603.078%4010000 Rider Fee 400.00 320.00 80.00 1,100.00 800.00 300.00 7,700.006,600.0014%4040000 Club Rental 780.00 1,600.00 (820.00) 2,505.00 4,000.00 (1,495.00) 23,355.0020,850.0011%4050000 Driving Range 3,840.00 3,200.00 640.00 8,773.00 6,800.00 1,973.00 90,325.0081,552.0010%4060000 Handicap Fees - - - - - - 2,500.002,500.000%4080000 GPS Advertising 500.00 100.00 400.00 500.00 300.00 200.00 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract - - - 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 5,565.00 4,710.00 855.00 10,515.00 14,550.00 (4,035.00) 135,000.00 124,485.00 8% Total Revenue Fees 129,732.10 149,130.00 (19,397.90) 291,623.43 334,503.00 (42,879.57) 3,461,747.00 3,180,638.57 8%129,732.10 149,130.00 (19,397.90) 291,623.43 334,503.00 (42,879.57) 3,461,747.00 3,180,638.57 8%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueSeptember 20133 Income September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 296.26 - 296.26 490.28 - 490.28 0 0 0%4100110 Sales Hard Goods 6,247.02 5,152.00 1,095.02 13,699.86 10,749.00 2,950.86 97,855.00 84,155.14 14%4100112 Sales-Soft Goods 6,929.50 9,568.00 (2,638.50) 16,976.00 19,962.00 (2,986.00) 181,730.00 164,754.00 9%5100639 GS-Discounts-Mdse (1,505.20) - (1,505.20) (4,333.65) - (4,333.65) - 4,333.65 0% Total Revenue Golf Shop 11,967.58 14,720.00 (2,752.42) 26,832.49 30,711.00 (3,878.51) 279,585.00 253,242.79 9%COS 5100150 COS-GS-Hard Goods 4,375.76 2,833.60 1,542.16 7,522.59 5,911.95 1,610.64 53,820.25 46,297.66 14%5100151 COS-GS-Soft Goods 2,387.10 5,262.40 (2,875.30) 7,514.19 10,979.10 (3,464.91) 99,951.50 92,437.31 8%5100152 COS-GS-Purchase Disc (166.93) (405.00) 238.07 (300.88) (845.00) 544.12 (7,689.00) (7,388.12) -4%5100220 COS-GS-Freight Merch 108.47 121.00 (12.53) 179.35 253.00 (73.65) 2,307.00 2,127.65 8%Cost of Sales - Golf Shop 6,704.40 7,812.00 (1,107.60) 14,915.25 16,299.05 (1,383.80) 148,389.75 133,474.50 10%Gross Profit 5,263.18 6,908.00 (1,644.82) 11,917.24 14,411.95 (2,494.71) 131,195.25 119,768.29 9%COS % 56.0% 53.1% -3.0% 55.6% 53.1% -2.5% 53.1% 52.7% 1%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 2,467.71 1,986.00 481.71 7,403.13 5,958.00 1,445.13 26,811.00 19,407.87 28%6101325 Insurance-Workers Comp 705.74 434.00 271.74 2,117.22 1,306.00 811.22 5,663.00 3,545.78 37%6101720 Salaries 3,545.44 3,750.00 (204.56) 10,789.04 11,250.00 (460.96) 45,000.00 34,210.96 24%6101800 Taxes-Employer Payroll 993.39 1,218.00 (224.61) 2,611.52 3,664.00 (1,052.48) 1,588.00 (1,023.52) 164%6101880 Wages-Hourly 5,626.57 7,073.00 (1,446.43) 18,900.48 21,307.00 (2,406.52) 96,229.00 77,328.52 20%6101882 Wages-Overtime 26.63 - 26.63 89.26 - 89.26 - 952.88 0%Total -PS-SALARIES & BENEFITS 13,365.48 14,461.00 (1,095.52) 41,910.65 43,485.00 (1,574.35) 175,291.00 134,422.49 23%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office - 500.00 (500.00) 93.87 1,500.00 (1,406.13) 6,000.00 5,906.13 2%6109090 Contract Services 500.00 500.00 - 1,500.00 1,500.00 - 6,000.00 4,500.00 25%6109220 Freight & Delivery - - - - - - 75.00 75.00 0%6109490 Miscellaneous - 500.00 (500.00) 190.00 1,500.00 (1,310.00) 6,000.00 5,810.00 3%6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short 28.98 - 28.98 100.29 - 100.29 - (100.29) 0%6109722 Seminars/Training 172.32 1,250.00 (1,077.68) 284.88 2,650.00 (2,365.12) 5,890.00 5,605.12 5%6109810 Travel - Merchandise - - - - - - 90.00 90.00 0%6109820 Uniforms 188.62 100.00 88.62 943.25 300.00 643.25 2,400.00 1,456.75 39%6117840 Telephones 112.85 110.00 2.85 342.96 330.00 12.96 1,320.00 977.04 0%Total PS-OTHER EXPENSES 1,002.77 2,960.00 (1,957.23) 3,455.25 7,780.00 (4,324.75) 30,075.00 26,619.75 11%14,368.25 17,421.00 (3,052.75) 45,365.90 51,265.00 (5,899.10) 205,366.00 161,042.24 22%Net Income(9,105.07) (10,513.00) 1,407.93 (33,448.66) (36,853.05) 3,404.39 (74,170.75) (41,273.95) -44%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementSeptember 20134 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 11,341.02 8,740.00 2,601.02 31,836.04 26,220.00 5,616.04 104,880.00 73,043.96 69.6%6311325 Insurance-Workers Comp 2,419.68 2,208.00 211.68 7,259.04 6,624.00 635.04 27,280.00 20,020.96 73.4%6311720 Salaries 11,379.10 11,001.60 377.50 32,972.80 33,004.80 (32.00) 150,996.00 118,023.20 78.2%6311800 Taxes-Employer Payroll 3,826.78 6,194.00 (2,367.22) 13,718.65 18,582.00 (4,863.35) 774,129.00 760,410.35 98.2%6311880 Wages-Hourly 44,490.82 44,054.40 436.42 133,324.60 132,163.20 1,161.40 518,654.00 385,329.40 74.3%6311882 Wages-Overtime - - - 16.13 - 16.13 15,945.00 15,928.87 99.9%Total-CM-SALARIES & BENEFITS73,457.40 72,198.00 1,259.40 219,127.26 216,594.00 2,533.26 1,591,884.00 1,372,756.74 86.2%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 3,463.52 - 3,463.52 6,307.65 - 6,307.65 34,600.00 28,292.35 81.8%6313744 Fertilizer 11,512.41 14,500.00 (2,987.59) 35,209.26 45,000.00 (9,790.74) 112,500.00 77,290.74 68.7%6313745 Herbicides 7,502.63 7,000.00 502.63 7,502.63 7,000.00 502.63 17,000.00 9,497.37 55.9%6313746 Flowers/Plants - 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline 2,835.66 5,100.00 (2,264.34) 11,321.43 15,500.00 (4,178.57) 55,020.00 43,698.57 79.4%6313750 Golf Course Accessories 619.95 500.00 119.95 883.95 900.00 (16.05) 13,000.00 12,116.05 93.2%6313756 POA Control - - - 213.94 - 213.94 7,000.00 6,786.06 96.9%6313758 Miscellaneous Supp 426.43 750.00 (323.57) 2,254.53 2,250.00 4.53 4,350.00 2,095.47 0.0%6313762 Supplies-Office - - - - - - - - 0.0%6313774 Sand 20.00 5,000.00 (4,980.00) 20.00 5,780.00 (5,760.00) 13,460.00 13,440.00 99.9%6313776 Seed - 250.00 (250.00) 1,088.64 950.00 138.64 106,810.00 105,721.36 99.0%6313778 Small Tools & Non-Capital Equip 1,966.00 2,000.00 (34.00) 2,338.48 2,200.00 138.48 5,000.00 2,661.52 53.2%6313780 Sod 1,186.04 2,000.00 (813.96) 2,616.72 5,500.00 (2,883.28) 10,450.00 7,833.28 75.0%6313782 Topdressing - - - 3,048.85 2,500.00 548.85 10,600.00 7,551.15 71.2%Total-CM-SUPPLIES & MATERIALS29,532.64 38,100.00 (8,567.36) 72,806.08 88,580.00 (15,773.92) 392,840.00 320,033.92 81.5%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 8,490.00 7,800.00 690.00 31,200.00 22,710.00 72.8%6315685 CM-R&M-Bldngs & Othr Structures 238.90 550.00 (311.10) 511.58 2,550.00 (2,038.42) 5,550.00 5,038.42 90.8%6315690 CM-R&M-Equipment 5,018.27 2,000.00 3,018.27 12,944.57 6,500.00 6,444.57 40,000.00 27,055.43 67.6%6315692 CM-R&M-Irrigation System 1,853.03 1,500.00 353.03 9,316.45 9,400.00 (83.55) 19,050.00 9,733.55 51.1%6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 1,376.08 3,000.00 (1,623.92) 10,500.00 9,123.92 86.9%6315815 CM-R&M-Trees-Pruning Etc 5,750.00 5,500.00 250.00 5,750.00 5,500.00 250.00 12,050.00 6,300.00 52.3%Total-CM-REPAIRS & MAINTENANCE 15,690.20 13,150.00 2,540.20 38,388.68 34,750.00 3,638.68 118,350.00 79,961.32 67.6%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG - 15.00 (15.00) 42.22 45.00 (2.78) 180.00 137.78 0.0%6317840 Telephones 1,096.08 850.00 246.08 2,535.06 2,550.00 (14.94) 10,200.00 7,664.94 75.1%Total-CM-UTILITIES 1,096.08 865.00 231.08 2,577.28 2,595.00 (17.72) 10,380.00 7,802.72 75.2%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 1,500.00 1,500.00 - 6,000.00 4,500.00 75.0%6319100 Contract Svcs-Soil/Tissue Test 2,000.00 2,000.00 - 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 2,257.38 1,572.00 685.38 6,288.00 4,030.62 0.0%6319150 Dues & Subscriptions 210.00 - 210.00 210.00 - 210.00 540.00 330.00 61.1%6319170 Employee Education 69.00 50.00 19.00 69.00 150.00 (81.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental - 150.00 (150.00) - 500.00 (500.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits - 80.00 (80.00) - 280.00 (280.00) 4,180.00 4,180.00 100.0%6319490 Miscellaneous - 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training 960.07 750.00 210.07 1,114.29 1,050.00 64.29 3,850.00 2,735.71 71.1%6319822 Uniforms 965.55 920.00 45.55 2,983.67 2,760.00 223.67 11,040.00 8,056.33 73.0%Total-CM-OTHER EXPENSES 5,457.08 5,074.00 383.08 10,134.34 10,112.00 22.34 42,048.00 31,913.66 75.9%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementSeptember 2013Annual Budget5 September 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) 5,813.07 7,944.00 (2,130.93) 31,776.00 25,962.93 81.7%6321325 Insurance-Workers Comp 504.10 542.00 (37.90) 1,512.30 1,574.00 (61.70) 6,361.00 4,848.70 76.2%6321800 Taxes-Employer Payroll 1,374.06 1,558.00 (183.94) 4,255.68 4,456.00 (200.32) 18,094.00 13,838.32 76.5%6321880 Wages-Hourly 12,878.00 12,880.00 (2.00) 38,660.00 38,640.00 20.00 154,560.00 115,900.00 75.0%6321882 Wages-Overtime 1,091.40 966.00 125.40 1,091.40 966.00 125.40 6,279.00 5,187.60 82.6%Total-CM-LM-SALARIES & BENEFITS17,690.66 18,594.00 (903.34) 51,332.45 53,580.00 (2,247.55) 217,070.00 165,737.55 76.4%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 100.00 (100.00) - 300.00 (300.00) 1,025.00 1,025.00 100.0%6323788 Uniforms 193.06 290.00 (96.94) 629.85 870.00 (240.15) 3,480.00 2,850.15 81.9%Total-CM-LM-SUPPLIES & MATERIALS193.06 390.00 (196.94) 629.85 1,170.00 (540.15) 4,505.00 3,875.15 86.0%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 500.00 (500.00) - 1,000.00 (1,000.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE - 500.00 (500.00) - 1,000.00 (1,000.00) 4,250.00 4,250.00 100.0%143,117.12 148,871.00 (5,753.88) 394,995.94 408,381.00 (13,385.06) 2,381,327.00 1,986,331.06 83.4% September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 12,899.53 13,815.00 (915.47) 44,936.94 46,200.00 (1,263.06) 178,291.00 133,354.06 74.8%6337842 Utilities-Water6,262.92 6,160.00 102.92 19,547.25 19,360.00 187.25 45,338.00 25,790.75 56.9%19,162.45 19,975.00 (812.55) 64,484.19 65,560.00 (1,075.81) 223,629.00 159,144.81 71.2%September 2013Annual BudgetMonth to Date Year to DateTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementSilverrock ResortCourse Maintenance Water & EnergySeptember 2013Total-CM-WATER & ENERGYMonth to Date Year to Date Annual Budget6 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group - 662.00 (662.00) 737.24 1,986.00 (1,248.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp 1,209.84 358.00 851.84 2,629.52 924.00 1,705.52 5,092.00 2,462.48 48.4%6411800 Taxes-Employer Payroll 503.04 1,110.00 (606.96) 2,216.27 2,869.00 (652.73) 15,809.00 13,592.73 86.0%6411880 Wages-Hourly 8,067.25 8,918.00 (850.75) 22,279.70 23,046.00 (766.30) 126,982.00 104,702.30 82.5%6411882 Wages-Overtime 96.00 - 96.00 198.00 - 198.00 - (198.00) 0.0%Total-CBR-SALARIES & BENEFITS9,876.13 11,048.00 (1,171.87) 28,060.73 28,825.00 (764.27) 155,827.00 127,766.27 82.0%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - - - 11.08 - 11.08 1,850.00 1,838.92 99.4%6413742 Supplies-Expendable 767.89 150.00 617.89 1,068.15 1,350.00 (281.85) 6,750.00 5,681.85 84.2%6413748 Supplies-Fuel for Shuttle - 100.00 (100.00) 930.16 100.00 830.16 3,000.00 2,069.84 69.0%6413752 Supplies-Range Balls - - - - - - 9,000.00 9,000.00 100.0%6413762 Supplies-Office - 25.00 (25.00) - 75.00 (75.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels 160.00 120.00 40.00 1,120.00 360.00 760.00 2,182.00 1,062.00 48.7%6413796 Supplies-Bottled Water151.68 50.00 101.68 291.53 150.00 141.53 16,500.00 16,208.47 98.2%Total-CBR-SUPPLIES & MATERIALS1,079.57 445.00 634.57 3,420.92 2,035.00 1,385.92 40,227.00 36,806.08 91.5%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 132.35 300.00 (167.65) 132.35 900.00 (767.65) 3,600.00 3,467.65 96.3%6415695 CBR-R&M-Cart Maintenance & Repair 32.37 500.00 (467.63) 744.39 1,500.00 (755.61) 6,450.00 5,705.61 88.5%Total-CBR-REPAIRS & MAINTENANCE 164.72 800.00 (635.28) 876.74 2,400.00 (1,523.26) 10,050.00 9,173.26 91.3%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 1,646.93 800.00 846.93 3,063.82 2,400.00 663.82 9,600.00 6,536.18 68.1%6419220 Freight/Delivery - 75.00 (75.00) - 225.00 (225.00) 450.00 450.00 100.0%6419490 Miscellaneous 43.88 75.00 (31.12) 202.79 275.00 (72.21) 1,150.00 947.21 82.4%6419820 Uniforms 80.53 - 80.53 294.66 - 294.66 5,200.00 4,905.34 94.3%Total-CBR-OTHER EXPENSES 1,771.34 950.00 821.34 3,561.27 2,900.00 661.27 16,400.00 12,838.73 78.3%TOTAL-CARTS,BAGROOM & RANGE 12,891.76 13,243.00 (351.24) 35,919.66 36,160.00 (240.34) 222,504.00 186,584.34 83.9%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 504.10 136.00 368.10 1,213.12 358.00 855.12 1,903.00 689.88 36.3%6431800 Taxes-Employer Payroll 382.55 380.00 2.55 1,036.68 1,002.00 34.68 5,339.00 4,302.32 80.6%6431880 Wages-Hourly 3,446.00 3,380.00 66.00 8,722.00 8,900.00 (178.00) 47,460.00 38,738.00 81.6%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS4,332.65 3,896.00 436.65 10,971.80 10,260.00 711.80 54,702.00 43,730.20 79.9%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 25.76 200.00 (174.24) 1,050.00 1,024.24 97.5%6439490 Miscellaneous - - - - - - 200.00 200.00 100.0%6439718 Safety Equipment & Training - 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6439820 Uniforms 91.59 75.00 16.59 91.59 225.00 (133.41) 2,125.00 2,033.41 95.7%Total-CS-OTHER EXPENSES 91.59 225.00 (133.41) 117.35 575.00 (457.65) 3,975.00 3,857.65 97.0%Total-COURSE SERVICES 4,424.24 4,121.00 303.24 11,089.15 10,835.00 254.15 58,677.00 47,587.85 81.1%17,316.00 17,364.00 (48.00) 47,008.81 46,995.00 13.81 281,181.00 230,314.54 81.9%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementSeptember 2013Annual Budget7 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) - 1,200.00 (1,200.00) 4,800.00 4,800.00 100.0%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) - 1,200.00 (1,200.00) 4,800.00 4,800.00 100.0%65-CH-UTILITIES6507836 Utilities-Natural Gas363.02 300.00 63.02 715.18 900.00 (184.82) 3,600.00 2,884.82 80.1%6507840 Utilities-Telephone1,318.14 1,150.00 168.14 4,502.26 3,450.00 1,052.26 13,800.00 9,297.74 67.4%6507842 Utilities-Water939.07 321.00 618.07 2,148.70 963.00 1,185.70 3,852.00 1,703.30 44.2%6507844 Utilities-Cable345.34 340.00 5.34 1,036.02 1,020.00 16.02 4,080.00 3,043.98 74.6%Total-CH-UTILITIES 2,965.57 2,111.00 854.57 8,402.16 6,333.00 2,069.16 25,332.00 16,929.84 66.8%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,825.00 1,825.00 - 5,475.00 5,475.00 - 22,500.00 17,025.00 75.7%6509099 Contract Services-Security5,246.59 4,900.00 346.59 14,568.19 14,700.00 (131.81) 60,400.00 45,831.81 75.9%6509215 Flowers & Decorations- - - - - - 1,900.00 1,900.00 100.0%6509490 Miscellaneous- 200.00 (200.00) 92.32 600.00 (507.68) 2,400.00 2,307.68 96.2%6509718 Safety Equipment & Training- 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES 7,071.59 7,025.00 46.59 20,135.51 21,075.00 (939.49) 88,400.00 68,264.49 77.2%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures304.58 300.00 4.58 1,130.58 900.00 230.58 3,600.00 2,469.42 68.6%6515686 CH-R&M-Restaurant Repairs95.00 400.00 (305.00) 1,010.00 1,200.00 (190.00) 4,800.00 3,790.00 79.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) - 1,200.00 (1,200.00) 4,800.00 4,800.00 100.0%Total-CH-REPAIRS & MAINTENANCE 399.58 1,100.00 (700.42) 2,140.58 3,300.00 (1,159.42) 13,200.00 11,059.42 83.8%10,436.74 10,636.00 (199.26) 30,678.25 31,908.00 (1,229.75) 131,732.00 22,118.84 16.8%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementSeptember 2013Annual Budget8 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 368.62 331.00 37.62 1,105.86 993.00 112.86 3,972.00 2,866.14 72.2%6601325 Insurance-Workers Comp 100.82 101.00 (0.18) 302.46 303.00 (0.54) 1,207.00 904.54 74.9%6601720 Salaries 2,260.79 2,508.00 (247.21) 7,113.61 7,524.00 (410.39) 30,096.00 22,982.39 76.4%6601800 Taxes-Employer Payroll 207.28 282.00 (74.72) 612.44 846.00 (233.56) 3,386.00 2,773.56 81.9%Total-MKT-SALARIES & BENEFITS 2,937.51 3,222.00 (284.49) 9,134.37 9,666.00 (531.63) 38,661.00 29,526.63 76.4%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 59.83 300.00 (240.17) 1,200.00 1,140.17 95.0%6603768 Supplies-Printing & Stationery 170.60 200.00 (29.40) 1,459.69 200.00 1,259.69 4,425.00 2,965.31 67.0%170.60 300.00 (129.40) 1,519.52 500.00 1,019.52 5,625.00 4,105.48 73.0%66-MKT-UTILITIES6607840 Utilities-Telephone 57.07 100.00 (42.93) 171.21 300.00 (128.79) 1,200.00 1,028.79 85.7%Total-MKT-UTILITIES 57.07 100.00 (42.93) 171.21 300.00 (128.79) 1,200.00 1,028.79 85.7%66-MKT-OTHER EXPENSES6609010 Advertising 16,115.50 20,197.00 (4,081.50) 32,672.03 37,931.00 (5,258.97) 179,231.00 146,558.97 81.8%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) 297.00 450.00 (153.00) 1,800.00 1,503.00 83.5%6609490 Miscellaneous - - - - - - 350.00 350.00 100.0%6609620 Postage - 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 75.00 (75.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 75.00 (75.00) 662.09 225.00 437.09 2,250.00 1,587.91 70.6%6609634 Promotion-Media/Vendor 59.16 - 59.16 59.16 - 59.16 700.00 640.84 91.5%6609150 Dues and Subscriptions - - - - - - 735.00 735.00 100.0%6609820 Uniforms - - - - - - 600.00 600.00 100.0%Total-MKT-OTHER EXPENSES 16,273.66 20,497.00 (4,223.34) 33,690.28 38,831.00 (5,140.72) 194,066.00 160,375.72 82.6%19,438.84 24,119.00 (4,680.16) 44,515.38 49,297.00 (4,781.62) 239,552.00 195,036.62 81.4%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementSeptember 2013Annual Budget9 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,875.30 1,458.00 417.30 5,625.90 4,374.00 1,251.90 17,496.00 11,870.10 67.8%6701325 Insurance-Workers Comp302.46 708.00 (405.54) 1,109.02 2,124.00 (1,014.98) 8,493.00 7,383.98 86.9%6701720 Salaries 16,169.60 15,050.00 1,119.60 45,606.55 45,150.00 456.55 183,961.00 138,354.45 75.2%6701800 Taxes-Employer Payroll 1,134.96 1,986.00 (851.04) 4,103.65 5,958.00 (1,854.35) 23,827.00 19,723.35 82.8%6701880 Wages-Hourly1,067.06 2,600.00 (1,532.94) 8,016.87 7,800.00 216.87 27,835.00 19,818.13 71.2%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 20,549.38 21,802.00 (1,252.62) 64,461.99 65,406.00 (944.01) 261,612.00 197,150.01 75.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer100.00 500.00 (400.00) 637.80 1,500.00 (862.20) 6,300.00 5,662.20 89.9%6703762 Supplies-Office 94.30 150.00 (55.70) 393.63 450.00 (56.37) 1,800.00 1,406.37 78.1%6703768 Supplies-Printing & Stationery99.40 100.00 (0.60) 191.00 300.00 (109.00) 3,300.00 3,109.00 94.2%Total-G&A-SUPPLIES & MATERIALS 293.70 750.00 (456.30) 1,222.43 2,250.00 (1,027.57) 11,400.00 10,177.57 89.3%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 559.75 200.00 359.75 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 559.75 200.00 359.75 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 1,200.00 1,200.00 - 4,800.00 3,600.00 75.0%6709150 Dues & Subscriptions- 200.00 (200.00) 165.00 250.00 (85.00) 1,700.00 1,535.00 90.3%6709180 Employee Recruiting/Relocation60.00 200.00 (140.00) 60.00 200.00 (140.00) 1,400.00 1,340.00 95.7%6709197 Equipment Rental1,116.75 550.00 566.75 2,083.60 1,650.00 433.60 6,600.00 4,516.40 68.4%6709202 Fees-Bank129.25 90.00 39.25 420.38 270.00 150.38 1,080.00 659.62 61.1%6709208 Fees-Payroll Processing1,179.54 1,200.00 (20.46) 3,935.83 3,600.00 335.83 14,400.00 10,464.17 72.7%6709220 Freight/Delivery- 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6709490 Miscellaneous - 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services 160.25 75.00 85.25 160.25 225.00 (64.75) 900.00 739.75 82.2%6709625 Professional Fees1,650.01 850.00 800.01 3,513.61 2,550.00 963.61 10,200.00 6,686.39 65.6%6709636 Promotion/Entertainment- 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) - 600.00 (600.00) 2,400.00 2,400.00 100.0%6709810 Travel - - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms - 75.00 (75.00) 63.80 225.00 (161.20) 1,050.00 986.20 93.9%Total-G&A-OTHER EXPENSES 4,695.80 4,090.00 605.80 11,602.47 11,620.00 (17.53) 48,630.00 37,027.53 76.1%25,538.88 26,742.00 (1,203.12) 77,846.64 79,476.00 (1,629.36) 323,542.00 245,695.36 75.9%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementSeptember 2013Annual Budget10 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 11,091.63 12,075.00 (983.37) 33,274.89 36,225.00 (2,950.11) 144,900.00 111,625.11 77.0%6800194 Equipment Leases-Trailer 512.61 600.00 (87.39) 1,537.83 1,800.00 (262.17) 7,200.00 5,662.17 78.6%6800196 Equipment Leases-GPS 5,554.88 5,755.00 (200.12) 15,434.88 17,265.00 (1,830.12) 69,060.00 53,625.12 77.7%6800197 Equipment Leases-Others 1,912.08 460.00 1,452.08 3,836.78 1,380.00 2,456.78 5,520.00 1,683.22 0.0%19,071.20 18,890.00 181.20 54,084.38 56,670.00 (2,585.62) 226,680.00 172,595.62 76.1%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 24,000.00 24,000.00 - 96,000.00 72,000.00 75.0%6900210 FF&E Reserve 2,372.95 2,784.00 (411.05) 5,333.30 6,141.00 (807.70) 65,885.00 60,551.70 91.9%6900800 Personal Property Taxes - - - 5,397.27 5,200.00 197.27 14,800.00 9,402.73 63.5%6900323 Insurance-Commercial - 2,200.00 (2,200.00) 5,055.66 6,600.00 (1,544.34) 26,400.00 21,344.34 80.8%10,372.95 12,984.00 (2,611.05) 39,786.23 41,941.00 (2,154.77) 203,085.00 163,298.77 80.4%Silverrock ResortOperating Leases & Miscellaneous Other Expense StatementSeptember 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 CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia46SalesPromotion4Golf Industry4VIPCelebrityPGA Comp61 41 39Charity/Gift Certificate13 6 2Rain/Wind Checks6Club Staff90 42 36LQ HS Golf8625180 105 108 0 0 02014 2014 2014 2014 2014 2014Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013September 2013 Date Time Description CategoryPlayers(None)13