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07 January 2014 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2013 – January 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 January Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue392,265.90 349,988.00 42,277.90 12.1% 1,341,858.47 1,290,850.00 51,008.47 3,294,267.00 1,952,408.53 41%401000 Miscellaneous Golf Revenue 52,071.85 49,915.00 2,156.85 4.3% 187,136.10 164,386.00 22,750.10 302,480.00 115,343.90 62%410000 Revenue-Golf Shop 27,314.02 28,125.00 (810.98) -2.9% 103,238.42 115,786.00 (12,547.58) 279,585.00 176,346.58 37%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0% 7,500.00 7,500.00 - 12,000.00 4,500.00 63%890000 Interest Income0.34 - 0.34 0.0% 3.48 - 3.48 - (3.48) 0%Total Income473,152.11 429,528.00 43,624.11 10.2% 1,639,736.47 1,578,522.00 61,214.47 3,888,332.00 2,248,595.53 42%Cost of Goods Sold510000 COS-Golf Shop 16,233.86 14,927.75 1,306.11 -8.7% 57,910.77 61,452.30 3,541.53 148,390.00 90,479.23 39%Total COS16,233.86 14,927.75 1,306.11 -8.7% 57,910.77 61,452.30 3,541.53 148,390.00 90,479.23 39%Gross Profit456,918.25 414,600.25 42,318.00 10.2% 1,581,825.70 1,517,069.70 64,756.00 3,739,942.00 2,158,116.30 42%Expenses610000 Golf Pro Shop 19,007.04 20,397.00 1,389.96 6.8% 105,948.48 123,922.00 17,973.52 219,667.00 113,718.52 48%630000 Course Maintenance138,311.96 133,288.00 (5,023.96) -3.8% 1,089,232.32 1,095,403.00 6,170.68 1,684,328.00 595,095.68 65%633000 Maintenance Water & Energy13,469.59 13,876.00 406.41 2.9% 118,776.77 121,106.00 2,329.23 223,629.00 104,852.23 53%640000 Outside Services26,802.73 27,302.00 499.27 1.8% 139,382.38 157,863.00 18,480.62 281,182.00 141,799.62 50%650000 Clubhouse 12,111.65 12,736.00 624.35 4.9% 77,295.61 77,652.00 356.39 131,732.00 54,436.39 59%660000 Marketing 23,302.57 25,829.00 2,526.43 9.8% 137,416.82 144,424.00 7,007.18 239,552.00 102,135.18 57%670000 General & Administrative26,161.14 26,942.00 780.86 2.9% 178,403.27 187,594.00 9,190.73 323,543.00 145,139.73 55%680000 Leases 15,832.34 18,890.00 3,057.66 16.2% 109,512.39 132,230.00 22,717.61 226,680.00 117,167.61 48%690000 Miscellaneous Other Expense18,925.59 17,200.00 (1,725.59) -10.0% 113,654.54 112,017.00 (1,637.54) 203,085.00 89,430.46 56%Total Expenses293,924.61 296,460.00 2,535.39 0.9% 2,069,622.58 2,152,211.00 82,588.42 3,533,398.00 1,463,775.42 59%162,993.64 118,140.25 44,853.39 38.0%(487,796.88) (635,141.30) 147,344.42 206,544.00 694,340.88 -236%Rounds of Golf PlayedPaid Rounds Played 5,143 4,500 643 14.3% 22,527 21,610 917 46,710 24,183 48%Ave $ Per Paid Round Green Fee76.27 77.78 (1.50) -1.9% 59.57 59.73 (0.17) 70.53 10.96 84%Ave $ Per Paid Round Merchandise5.31 6.25 (0.94) -15.0% 4.58 5.36 (0.78) 5.99 1.40 77%Ave $ Per Paid Miscellaneous 10.12 11.09 (0.97) -8.7% 8.31 7.61 0.70 6.48 (1.83) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateJanuary 20141 ACTUALBUDGETVARIANCERevenue Fees392,265.90$ 349,988.00$ 42,277.90$ Favorable: 643 additional rounds played and outstanding weather for January contributed to the increasein revenue for the month of January. This was SilverRock's best January in terms of revenue since the Club opened for business.Leases15,832.34$ 18,890.00$ 3,057.66$ Favorable: Reduced monthly cost for renewed GPS and golf cart leases.Miscellaneous18,925.59$ 17,200.00$ (1,725.59)$ Unfavorable: Due to additional revenue which increased the capital reserve allocation. Also, increased payment for EPLIinsurance. Variance ExplanationsJanuary 20142 Income January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 392,265.90 349,988.00 42,277.90 1,341,858.47 1,290,850.00 51,008.47 3,294,267.001,952,408.5341%4010000 Rider Fee 1,000.00 1,125.00 (125.00) 4,375.00 3,421.00 954.00 7,700.003,325.0057%4040000 Club Rental 2,375.00 2,250.00 125.00 9,960.00 10,805.00 (845.00) 23,355.0013,395.0043%4050000 Driving Range 16,730.00 11,250.00 5,480.00 49,593.00 34,975.00 14,618.00 90,325.0040,732.0055%4060000 Handicap Fees - 1,700.00 (1,700.00) - 1,700.00 (1,700.00) 2,500.002,500.000%4080000 GPS Advertising - 500.00 (500.00) 500.00 1,900.00 (1,400.00) 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract 738.10 1,000.00 (261.90) 2,985.60 3,000.00 (14.40) 4,000.00 1,014.4075%4091000 Golf Professional Rental Fee 8,083.75 5,000.00 3,083.75 23,303.75 15,000.00 8,303.75 37,000.00 13,696.25 63%4092000 Golf Lessons - - - 478.75 - 478.75 - (478.75) 0%4093000 Resident Card Issue 23,145.00 27,090.00 (3,945.00) 95,940.00 93,585.00 2,355.00 135,000.00 39,060.00 71% Total Revenue Fees 444,337.75 399,903.00 44,434.75 1,528,994.57 1,455,236.00 73,758.57 3,461,747.00 2,028,692.43 41%444,337.75 399,903.00 44,434.75 1,528,994.57 1,455,236.00 73,758.57 3,461,747.00 2,028,692.43 41%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueJanuary 20143 Income January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 290.00 - 290.00 1,700.63 - 1,700.63 0 0 0%4100110 Sales Hard Goods 9,942.49 9,844.00 98.49 42,105.80 40,525.00 1,580.80 97,855.00 55,749.20 43%4100112 Sales-Soft Goods 21,011.50 18,281.00 2,730.50 74,792.00 75,261.00 (469.00) 181,730.00 106,938.00 41%5100639 GS-Discounts-Mdse (3,929.97) - (3,929.97) (15,360.01) - (15,360.01) - 15,360.01 0% Total Revenue Golf Shop 27,314.02 28,125.00 (810.98) 103,238.42 115,786.00 (12,547.58) 279,585.00 178,047.21 36%COS 5100150 COS-GS-Hard Goods 5,365.98 5,414.20 (48.22) 24,863.35 22,288.75 2,574.60 53,820.25 28,956.90 46%5100151 COS-GS-Soft Goods 10,450.28 10,054.55 395.73 32,010.67 41,393.55 (9,382.88) 99,951.50 67,940.83 32%5100152 COS-GS-Purchase Disc (43.04) (773.00) 729.96 (1,023.18) (3,184.00) 2,160.82 (7,689.00) (6,665.82) -13%5100220 COS-GS-Freight Merch 460.64 232.00 228.64 2,059.93 954.00 1,105.93 2,307.00 247.07 89%Cost of Sales - Golf Shop 16,233.86 14,927.75 1,306.11 57,910.77 61,452.30 (3,541.53) 148,389.75 90,478.98 39%Gross Profit 11,080.16 13,197.25 (2,117.09) 45,327.65 54,333.70 (9,006.05) 131,195.25 87,568.23 33%COS % 59.4% 53.1% -6.4% 56.1% 53.1% -3.0% 53.1% 50.8% 4%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 1,839.51 2,317.00 (477.49) 15,140.36 15,226.00 (85.64) 26,811.00 11,670.64 56%6101325 Insurance-Workers Comp 705.74 512.00 193.74 4,532.10 3,183.00 1,349.10 5,663.00 1,130.90 80%6101720 Salaries 3,545.44 3,750.00 (204.56) 24,970.80 26,250.00 (1,279.20) 45,000.00 20,029.20 55%6101800 Taxes-Employer Payroll 2,901.37 1,435.00 1,466.37 7,172.35 8,925.00 (1,752.65) 1,588.00 (5,584.35) 452%6101880 Wages-Hourly 7,936.40 9,008.00 (1,071.60) 45,054.83 53,078.00 (8,023.17) 96,229.00 51,174.17 47%6101882 Wages-Overtime 9.00 - 9.00 117.76 - 117.76 - 952.88 0%Total -PS-SALARIES & BENEFITS 16,937.46 17,022.00 (84.54) 96,988.20 106,662.00 (9,673.80) 175,291.00 79,373.44 55%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office 166.79 500.00 (333.21) 692.43 3,500.00 (2,807.57) 6,000.00 5,307.57 12%6109090 Contract Services 500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 58%6109220 Freight & Delivery 108.30 - 108.30 118.88 75.00 43.88 75.00 (43.88) 159%6109490 Miscellaneous 1,050.34 500.00 550.34 1,342.04 3,500.00 (2,157.96) 6,000.00 4,657.96 22%6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short (38.12) - (38.12) 51.26 - 51.26 - (51.26) 0%6109722 Seminars/Training - 1,250.00 (1,250.00) 284.88 4,500.00 (4,215.12) 5,890.00 5,605.12 5%6109810 Travel - Merchandise - 15.00 (15.00) - 15.00 (15.00) 90.00 90.00 0%6109820 Uniforms 152.00 500.00 (348.00) 2,152.56 1,400.00 752.56 2,400.00 247.44 90%6117840 Telephones 130.27 110.00 20.27 818.23 770.00 48.23 1,320.00 501.77 0%Total PS-OTHER EXPENSES 2,069.58 3,375.00 (1,305.42) 8,960.28 17,260.00 (8,299.72) 30,075.00 21,114.72 30%19,007.04 20,397.00 (1,389.96) 105,948.48 123,922.00 (17,973.52) 205,366.00 100,488.16 51%Net Income(7,926.88) (7,199.75) (727.13) (60,620.83) (69,588.30) 8,967.47 (74,170.75) (12,919.93) -83%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementJanuary 20144 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 9,715.98 8,740.00 975.98 66,410.84 61,180.00 5,230.84 104,880.00 38,469.16 36.7%6311325 Insurance-Workers Comp 2,119.68 2,510.00 (390.32) 14,936.56 16,163.00 (1,226.44) 27,280.00 12,343.44 45.2%6311720 Salaries 10,620.80 11,001.60 (380.80) 76,656.00 77,011.20 (355.20) 150,996.00 74,340.00 49.2%6311800 Taxes-Employer Payroll 10,987.84 7,138.00 3,849.84 38,817.59 45,836.00 (7,018.41) 774,129.00 735,311.41 95.0%6311880 Wages-Hourly 49,800.91 49,901.40 (100.49) 323,787.92 317,338.80 6,449.12 518,654.00 194,866.08 37.6%6311882 Wages-Overtime 2,400.00 2,550.00 (150.00) 15,043.63 13,076.00 1,967.63 15,945.00 901.37 5.7%Total-CM-SALARIES & BENEFITS85,645.21 81,841.00 3,804.21 535,652.54 530,605.00 5,047.54 1,591,884.00 1,056,231.46 66.4%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 2,100.79 - 2,100.79 16,664.48 - 16,664.48 34,600.00 17,935.52 51.8%6313744 Fertilizer 9,342.57 11,500.00 (2,157.43) 83,502.30 104,200.00 (20,697.70) 112,500.00 28,997.70 25.8%6313745 Herbicides - - - 19,939.75 17,000.00 2,939.75 17,000.00 (2,939.75) -17.3%6313746 Flowers/Plants - 750.00 (750.00) 419.04 2,750.00 (2,330.96) 3,050.00 2,630.96 86.3%6313748 Fuel-Gasoline 3,094.33 3,850.00 (755.67) 27,123.14 37,050.00 (9,926.86) 55,020.00 27,896.86 50.7%6313750 Golf Course Accessories 864.05 200.00 664.05 12,241.10 12,500.00 (258.90) 13,000.00 758.90 5.8%6313756 POA Control 3,586.46 3,500.00 86.46 7,849.90 7,000.00 849.90 7,000.00 (849.90) -12.1%6313758 Miscellaneous Supp 791.79 100.00 691.79 5,507.33 3,850.00 1,657.33 4,350.00 (1,157.33) 0.0%6313762 Supplies-Office - - - 151.49 - 151.49 - (151.49) 0.0%6313774 Sand 479.71 380.00 99.71 951.69 12,960.00 (12,008.31) 13,460.00 12,508.31 92.9%6313776 Seed 631.80 350.00 281.80 132,711.10 105,060.00 27,651.10 106,810.00 (25,901.10) -24.2%6313778 Small Tools & Non-Capital Equip - 100.00 (100.00) 4,339.64 4,500.00 (160.36) 5,000.00 660.36 13.2%6313780 Sod - 500.00 (500.00) 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 & MATERIALS20,891.50 21,230.00 (338.50) 319,343.46 324,620.00 (5,276.54) 392,840.00 73,496.54 18.7%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 19,810.00 18,200.00 1,610.00 31,200.00 11,390.00 36.5%6315685 CM-R&M-Bldngs & Othr Structures 515.67 250.00 265.67 1,987.06 4,300.00 (2,312.94) 5,550.00 3,562.94 64.2%6315690 CM-R&M-Equipment 3,953.94 3,500.00 453.94 35,494.66 28,000.00 7,494.66 40,000.00 4,505.34 11.3%6315692 CM-R&M-Irrigation System 943.81 1,200.00 (256.19) 12,821.23 14,050.00 (1,228.77) 19,050.00 6,228.77 32.7%6315696 CM-R&M-Pumps 401.76 1,000.00 (598.24) 3,564.55 7,000.00 (3,435.45) 10,500.00 6,935.45 66.1%6315815 CM-R&M-Trees-Pruning Etc - - - 9,045.00 6,050.00 2,995.00 12,050.00 3,005.00 24.9%Total-CM-REPAIRS & MAINTENANCE 8,645.18 8,550.00 95.18 82,722.50 77,600.00 5,122.50 118,350.00 35,627.50 30.1%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG 24.60 15.00 9.60 130.73 105.00 25.73 180.00 49.27 0.0%6317840 Telephones 1,660.42 850.00 810.42 6,532.73 5,950.00 582.73 10,200.00 3,667.27 36.0%Total-CM-UTILITIES 1,685.02 865.00 820.02 6,663.46 6,055.00 608.46 10,380.00 3,716.54 35.8%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 41.7%6319100 Contract Svcs-Soil/Tissue Test - - - 2,000.00 2,000.00 - 4,000.00 2,000.00 50.0%6319102 Contract Svcs-Trash Removal 752.46 524.00 228.46 6,177.38 3,668.00 2,509.38 6,288.00 110.62 0.0%6319150 Dues & Subscriptions 445.00 - 445.00 865.00 - 865.00 540.00 (325.00) -60.2%6319170 Employee Education - 50.00 (50.00) 69.00 350.00 (281.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental - 200.00 (200.00) 729.52 2,500.00 (1,770.48) 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) 227.22 700.00 (472.78) 1,200.00 972.78 81.1%6319718 Safety Equipment & Training 401.58 400.00 1.58 2,253.32 3,150.00 (896.68) 3,850.00 1,596.68 41.5%6319822 Uniforms 1,432.66 920.00 512.66 6,899.74 6,440.00 459.74 11,040.00 4,140.26 37.5%Total-CM-OTHER EXPENSES 3,531.70 2,694.00 837.70 22,721.18 22,588.00 133.18 42,048.00 19,326.82 46.0%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJanuary 2014Annual Budget5 January 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) 12,610.37 18,536.00 (5,925.63) 31,776.00 19,165.63 60.3%6321325 Insurance-Workers Comp 504.10 516.00 (11.90) 3,402.90 3,755.00 (352.10) 6,361.00 2,958.10 46.5%6321800 Taxes-Employer Payroll 2,445.65 1,449.00 996.65 8,902.83 10,741.00 (1,838.17) 18,094.00 9,191.17 50.8%6321880 Wages-Hourly 12,620.25 12,880.00 (259.75) 89,694.00 90,160.00 (466.00) 154,560.00 64,866.00 42.0%6321882 Wages-Overtime - - - 4,955.70 5,313.00 (357.30) 6,279.00 1,323.30 21.1%Total-CM-LM-SALARIES & BENEFITS17,438.05 17,493.00 (54.95) 119,565.80 128,505.00 (8,939.20) 217,070.00 97,504.20 44.9%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 92.04 650.00 (557.96) 1,025.00 932.96 91.0%6323788 Uniforms 475.30 290.00 185.30 1,571.34 2,030.00 (458.66) 3,480.00 1,908.66 54.8%Total-CM-LM-SUPPLIES & MATERIALS475.30 365.00 110.30 1,663.38 2,680.00 (1,016.62) 4,505.00 2,841.62 63.1%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) 900.00 2,750.00 (1,850.00) 4,250.00 3,350.00 78.8%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) 900.00 2,750.00 (1,850.00) 4,250.00 3,350.00 78.8%138,311.96 133,288.00 5,023.96 1,089,232.32 1,095,403.00 (6,170.68) 2,381,327.00 1,292,094.68 54.3% January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 11,044.71 12,016.00 (971.29) 85,379.19 90,106.00 (4,726.81) 178,291.00 92,911.81 52.1%6337842 Utilities-Water2,424.88 1,860.00 564.88 33,397.58 31,000.00 2,397.58 45,338.00 11,940.42 26.3%13,469.59 13,876.00 (406.41) 118,776.77 121,106.00 (2,329.23) 223,629.00 104,852.23 46.9%January 2014Annual BudgetMonth to Date Year to DateTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementSilverrock ResortCourse Maintenance Water & EnergyJanuary 2014Total-CM-WATER & ENERGYMonth to Date Year to Date Annual Budget6 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group - 662.00 (662.00) 737.24 4,634.00 (3,896.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp 1,109.84 550.00 559.84 4,563.60 2,709.00 1,854.60 5,092.00 528.40 10.4%6411800 Taxes-Employer Payroll 2,496.83 1,707.00 789.83 7,648.88 8,410.00 (761.12) 15,809.00 8,160.12 51.6%6411880 Wages-Hourly 12,187.51 13,710.00 (1,522.49) 59,698.47 67,552.00 (7,853.53) 126,982.00 67,283.53 53.0%6411882 Wages-Overtime 196.13 - 196.13 877.13 - 877.13 - (877.13) 0.0%Total-CBR-SALARIES & BENEFITS15,990.31 16,629.00 (638.69) 73,525.32 83,305.00 (9,779.68) 155,827.00 82,301.68 52.8%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 75.00 (75.00) 889.46 1,575.00 (685.54) 1,850.00 960.54 51.9%6413742 Supplies-Expendable 595.06 1,000.00 (404.94) 5,116.57 4,450.00 666.57 6,750.00 1,633.43 24.2%6413748 Supplies-Fuel for Shuttle 195.92 450.00 (254.08) 1,663.21 1,350.00 313.21 3,000.00 1,336.79 44.6%6413752 Supplies-Range Balls - - - 6,750.00 9,000.00 (2,250.00) 9,000.00 2,250.00 25.0%6413762 Supplies-Office - 50.00 (50.00) - 275.00 (275.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - 70.00 (70.00) 39.83 70.00 (30.17) 420.00 380.17 90.5%6413786 Supplies-Towels 400.00 250.00 150.00 2,080.00 1,110.00 970.00 2,182.00 102.00 4.7%6413796 Supplies-Bottled Water145.06 50.00 95.06 7,543.47 8,300.00 (756.53) 16,500.00 8,956.53 54.3%Total-CBR-SUPPLIES & MATERIALS1,336.04 1,945.00 (608.96) 24,082.54 26,130.00 (2,047.46) 40,227.00 16,144.46 40.1%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 814.25 300.00 514.25 1,030.60 2,100.00 (1,069.40) 3,600.00 2,569.40 71.4%6415695 CBR-R&M-Cart Maintenance & Repair 698.16 500.00 198.16 1,765.32 3,950.00 (2,184.68) 6,450.00 4,684.68 72.6%Total-CBR-REPAIRS & MAINTENANCE 1,512.41 800.00 712.41 2,795.92 6,050.00 (3,254.08) 10,050.00 7,254.08 72.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 976.19 800.00 176.19 5,163.14 5,600.00 (436.86) 9,600.00 4,436.86 46.2%6419220 Freight/Delivery - - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous 24.83 75.00 (50.17) 246.32 575.00 (328.68) 1,150.00 903.68 78.6%6419820 Uniforms 176.20 - 176.20 2,780.47 3,000.00 (219.53) 5,200.00 2,419.53 46.5%Total-CBR-OTHER EXPENSES 1,177.22 875.00 302.22 8,189.93 9,625.00 (1,435.07) 16,400.00 8,210.07 50.1%TOTAL-CARTS,BAGROOM & RANGE 20,015.98 20,249.00 (233.02) 108,593.71 125,110.00 (16,516.29) 222,504.00 113,910.29 51.2%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 404.10 236.00 168.10 2,331.12 1,051.00 1,280.12 1,903.00 (428.12) -22.5%6431800 Taxes-Employer Payroll 994.00 662.00 332.00 3,003.77 2,947.00 56.77 5,339.00 2,335.23 43.7%6431880 Wages-Hourly 5,036.00 5,880.00 (844.00) 22,848.00 26,180.00 (3,332.00) 47,460.00 24,612.00 51.9%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS6,434.10 6,778.00 (343.90) 28,182.89 30,178.00 (1,995.11) 54,702.00 26,519.11 48.5%643-CS-OTHER EXPENSES6433742 Supplies Expendable 120.10 100.00 20.10 145.86 600.00 (454.14) 1,050.00 904.14 86.1%6439490 Miscellaneous 232.55 50.00 182.55 268.33 200.00 68.33 200.00 (68.33) -34.2%6439718 Safety Equipment & Training - 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6439820 Uniforms - 75.00 (75.00) 2,191.59 1,425.00 766.59 2,125.00 (66.59) -3.1%Total-CS-OTHER EXPENSES 352.65 275.00 77.65 2,605.78 2,575.00 30.78 3,975.00 1,369.22 34.4%Total-COURSE SERVICES 6,786.75 7,053.00 (266.25) 30,788.67 32,753.00 (1,964.33) 58,677.00 27,888.33 47.5%26,802.73 27,302.00 (499.27) 139,382.38 157,863.00 (18,480.62) 281,181.00 140,429.40 49.9%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementJanuary 2014Annual Budget7 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable- 400.00 (400.00) - 2,800.00 (2,800.00) 4,800.00 4,800.00 100.0%Total-CH-SUPPLIES & MATERIALS - 400.00 (400.00) - 2,800.00 (2,800.00) 4,800.00 4,800.00 100.0%65-CH-UTILITIES6507836 Utilities-Natural Gas610.90 300.00 310.90 2,002.69 2,100.00 (97.31) 3,600.00 1,597.31 44.4%6507840 Utilities-Telephone1,409.67 1,150.00 259.67 9,825.33 8,050.00 1,775.33 13,800.00 3,974.67 28.8%6507842 Utilities-Water967.73 321.00 646.73 4,897.43 2,247.00 2,650.43 3,852.00 (1,045.43) -27.1%6507844 Utilities-Cable455.38 340.00 115.38 2,956.58 2,380.00 576.58 4,080.00 1,123.42 27.5%Total-CH-UTILITIES 3,443.68 2,111.00 1,332.68 19,682.03 14,777.00 4,905.03 25,332.00 5,649.97 22.3%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,825.00 (75.00) 13,030.00 13,375.00 (345.00) 22,500.00 9,470.00 42.1%6509099 Contract Services-Security6,324.22 6,500.00 (175.78) 37,546.57 35,900.00 1,646.57 60,400.00 22,853.43 37.8%6509215 Flowers & Decorations- 500.00 (500.00) 317.50 1,000.00 (682.50) 1,900.00 1,582.50 83.3%6509490 Miscellaneous30.73 200.00 (169.27) 156.48 1,400.00 (1,243.52) 2,400.00 2,243.52 93.5%6509718 Safety Equipment & Training386.04 100.00 286.04 386.04 700.00 (313.96) 1,200.00 813.96 67.8%Total-CH-OTHER EXPENSES 8,490.99 9,125.00 (634.01) 51,436.59 52,375.00 (938.41) 88,400.00 36,963.41 41.8%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures176.98 300.00 (123.02) 2,762.39 2,100.00 662.39 3,600.00 837.61 23.3%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 1,010.00 2,800.00 (1,790.00) 4,800.00 3,790.00 79.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 2,404.60 2,800.00 (395.40) 4,800.00 2,395.40 49.9%Total-CH-REPAIRS & MAINTENANCE 176.98 1,100.00 (923.02) 6,176.99 7,700.00 (1,523.01) 13,200.00 7,023.01 53.2%12,111.65 12,736.00 (624.35) 77,295.61 77,652.00 (356.39) 131,732.00 14,046.02 10.7%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementJanuary 2014Annual Budget8 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 373.61 331.00 42.61 2,465.32 2,317.00 148.32 3,972.00 1,506.68 37.9%6601325 Insurance-Workers Comp 98.82 101.00 (2.18) 664.90 707.00 (42.10) 1,207.00 542.10 44.9%6601720 Salaries 2,247.54 2,508.00 (260.46) 15,343.54 17,556.00 (2,212.46) 30,096.00 14,752.46 49.0%6601800 Taxes-Employer Payroll 620.86 282.00 338.86 1,731.74 1,974.00 (242.26) 3,386.00 1,654.26 48.9%Total-MKT-SALARIES & BENEFITS 3,340.83 3,222.00 118.83 20,205.50 22,554.00 (2,348.50) 38,661.00 18,455.50 47.7%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 215.14 700.00 (484.86) 1,200.00 984.86 82.1%6603768 Supplies-Printing & Stationery 397.21 200.00 197.21 3,271.51 3,800.00 (528.49) 4,425.00 1,153.49 26.1%397.21 300.00 97.21 3,486.65 4,500.00 (1,013.35) 5,625.00 2,138.35 38.0%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 403.57 700.00 (296.43) 1,200.00 796.43 66.4%Total-MKT-UTILITIES 58.08 100.00 (41.92) 403.57 700.00 (296.43) 1,200.00 796.43 66.4%66-MKT-OTHER EXPENSES6609010 Advertising 18,704.10 20,472.00 (1,767.90) 105,253.52 108,635.00 (3,381.48) 179,231.00 73,977.48 41.3%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material 189.61 500.00 (310.39) 5,539.19 2,000.00 3,539.19 5,500.00 (39.19) -0.7%6609102 Contract Services-Web Page 99.00 150.00 (51.00) 693.00 1,050.00 (357.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous - 50.00 (50.00) - 150.00 (150.00) 350.00 350.00 100.0%6609620 Postage - 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 175.00 (175.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 375.00 (375.00) 662.09 2,325.00 (1,662.91) 2,250.00 1,587.91 70.6%6609634 Promotion-Media/Vendor 180.00 500.00 (320.00) 239.16 1,500.00 (1,260.84) 700.00 460.84 65.8%6609150 Dues and Subscriptions - 35.00 (35.00) - 35.00 (35.00) 735.00 735.00 100.0%6609820 Uniforms 333.74 50.00 283.74 934.14 450.00 484.14 600.00 (334.14) -55.7%Total-MKT-OTHER EXPENSES 19,506.45 22,207.00 (2,700.55) 113,321.10 116,670.00 (3,348.90) 194,066.00 80,744.90 41.6%23,302.57 25,829.00 (2,526.43) 137,416.82 144,424.00 (7,007.18) 239,552.00 102,135.18 42.6%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementJanuary 2014Annual Budget9 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,522.08 1,458.00 64.08 11,227.96 10,206.00 1,021.96 17,496.00 6,268.04 35.8%6701325 Insurance-Workers Comp304.28 708.00 (403.72) 3,024.98 4,956.00 (1,931.02) 8,493.00 5,468.02 64.4%6701720 Salaries 13,769.60 15,050.00 (1,280.40) 100,684.95 105,350.00 (4,665.05) 183,961.00 83,276.05 45.3%6701800 Taxes-Employer Payroll 3,196.74 1,986.00 1,210.74 10,954.47 13,902.00 (2,947.53) 23,827.00 12,872.53 54.0%6701880 Wages-Hourly2,480.63 2,600.00 (119.37) 16,955.01 18,200.00 (1,244.99) 27,835.00 10,879.99 39.1%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 21,273.33 21,802.00 (528.67) 142,847.37 152,614.00 (9,766.63) 261,612.00 118,764.63 45.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 500.00 (500.00) 2,102.16 3,500.00 (1,397.84) 6,300.00 4,197.84 66.6%6703762 Supplies-Office - 150.00 (150.00) 985.60 1,050.00 (64.40) 1,800.00 814.40 45.2%6703768 Supplies-Printing & Stationery32.40 400.00 (367.60) 721.37 1,300.00 (578.63) 3,300.00 2,578.63 78.1%Total-G&A-SUPPLIES & MATERIALS 32.40 1,050.00 (1,017.60) 3,809.13 5,850.00 (2,040.87) 11,400.00 7,590.87 66.6%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 559.75 1,400.00 (840.25) 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 559.75 1,400.00 (840.25) 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%6709150 Dues & Subscriptions- 100.00 (100.00) 165.00 650.00 (485.00) 1,700.00 1,535.00 90.3%6709180 Employee Recruiting/Relocation293.84 200.00 93.84 797.84 1,000.00 (202.16) 1,400.00 602.16 43.0%6709197 Equipment Rental627.26 550.00 77.26 4,271.88 3,850.00 421.88 6,600.00 2,328.12 35.3%6709202 Fees-Bank295.64 90.00 205.64 1,061.55 630.00 431.55 1,080.00 18.45 1.7%6709208 Fees-Payroll Processing1,960.81 1,200.00 760.81 9,486.93 8,400.00 1,086.93 14,400.00 4,913.07 34.1%6709220 Freight/Delivery- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6709490 Miscellaneous - 100.00 (100.00) 100.66 700.00 (599.34) 1,200.00 1,099.34 91.6%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services 98.00 75.00 23.00 663.50 525.00 138.50 900.00 236.50 26.3%6709625 Professional Fees915.25 850.00 65.25 7,818.03 5,950.00 1,868.03 10,200.00 2,381.97 23.4%6709636 Promotion/Entertainment- 100.00 (100.00) 2,880.00 700.00 2,180.00 1,200.00 (1,680.00) -140.0%6709722 Seminars & Training217.61 200.00 17.61 717.61 1,400.00 (682.39) 2,400.00 1,682.39 70.1%6709810 Travel - - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms 47.00 75.00 (28.00) 424.02 675.00 (250.98) 1,050.00 625.98 59.6%Total-G&A-OTHER EXPENSES 4,855.41 3,990.00 865.41 31,187.02 27,730.00 3,457.02 48,630.00 17,442.98 35.9%26,161.14 26,942.00 (780.86) 178,403.27 187,594.00 (9,190.73) 323,542.00 145,138.73 44.9%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementJanuary 2014Annual Budget10 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 10,488.45 12,075.00 (1,586.55) 65,343.42 84,525.00 (19,181.58) 144,900.00 79,556.58 54.9%6800194 Equipment Leases-Trailer 252.61 600.00 (347.39) 3,328.27 4,200.00 (871.73) 7,200.00 3,871.73 53.8%6800196 Equipment Leases-GPS 4,544.80 5,755.00 (1,210.20) 34,184.80 40,285.00 (6,100.20) 69,060.00 34,875.20 50.5%6800197 Equipment Leases-Others 546.48 460.00 86.48 6,655.90 3,220.00 3,435.90 5,520.00 (1,135.90) 0.0%15,832.34 18,890.00 (3,057.66) 109,512.39 132,230.00 (22,717.61) 226,680.00 117,167.61 51.7%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 56,000.00 56,000.00 - 96,000.00 40,000.00 41.7%6900210 FF&E Reserve 7,845.32 7,000.00 845.32 26,837.20 25,817.00 1,020.20 65,885.00 39,047.80 59.3%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 22,531.98 15,400.00 7,131.98 26,400.00 3,868.02 14.7%18,925.59 17,200.00 1,725.59 113,654.54 112,017.00 1,637.54 203,085.00 89,430.46 44.0%Silverrock ResortOperating Leases & Miscellaneous Other Expense StatementJanuary 2014Annual 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 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 CategoryJanuaryFebruaryMarchAprilMayJuneMedia2Sales2Promotion16Golf Industry3VIPCelebrityPGA Comp26Charity/Gift CertificateRain/Wind Checks1Club Staff75LQ HS Golf91340000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013January 2014 Date Time Description CategoryPlayers1/3/2014 7:37 Barry Lotz, PGA Golf Ind. 21/15/2014 8:30-8:52 CVB, Fam Trip Promo 161/18/2014 8:07 Richard Kitchen, Two Guys Who Golf Website Sales 21/25/2014 1:30 Kris Long, CBS2 Anchor Media 213