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02 August 2014 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2013 – August 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 August Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue27,534.75 20,624.00 6,910.75 33.5% 52,929.25 47,140.00 5,789.25 3,043,760.00 2,990,830.75 2%401000 Miscellaneous Golf Revenue5,905.00 5,575.00 330.00 5.9% 9,941.90 12,600.00 (2,658.10) 430,315.00 420,373.10 2%410000 Revenue-Golf Shop4,033.74 2,275.00 1,758.74 77.3% 7,847.88 5,335.00 2,512.88 258,680.00 250,832.12 3%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 1,000.00 1,000.00 - 12,000.00 11,000.00 8%890000 Interest Income1.41 - 1.41 0.0%2.91 - 2.91 - (2.91) 0%Total Income37,974.90 28,974.00 9,000.90 31.1% 71,721.94 66,075.00 5,646.94 3,744,755.00 3,673,033.06 2%Cost of Goods Sold510000 COS-Golf Shop2,332.48 1,273.50 1,058.98 -83.2% 4,485.01 2,986.30 (1,498.71) 144,783.40 140,298.39 3%Total COS2,332.48 1,273.50 1,058.98 -83.2% 4,485.01 2,986.30 (1,498.71) 144,783.40 140,298.39 3%Gross Profit35,642.42 27,700.50 7,941.92 28.7% 67,236.93 63,088.70 4,148.23 3,599,971.60 3,532,734.67 2%Expenses610000 Golf Pro Shop 10,405.09 13,940.00 3,534.91 25.4% 21,464.72 27,880.00 6,415.28 204,190.00 193,130.37 11%630000 Course Maintenance124,580.27 128,368.00 3,787.73 3.0% 229,188.76 247,286.00 (18,097.24) 1,697,652.00 1,592,856.27 14%633000 Maintenance Water & Energy18,952.05 20,020.00 1,067.95 5.3% 38,754.14 45,585.00 (6,830.86) 223,629.00 203,826.91 17%640000 Outside Services12,353.65 14,533.00 2,179.35 15.0% 22,829.87 27,683.00 (4,853.13) 285,234.00 273,073.68 8%650000 Clubhouse9,742.65 10,636.00 893.35 8.4% 18,079.43 21,272.00 (3,192.57) 131,732.00 122,656.72 14%660000 Marketing12,338.97 8,514.00 (3,824.97) -44.9% 23,731.73 17,028.00 6,703.73 239,875.00 228,482.24 10%670000 General & Administrative27,105.94 25,333.00 (1,772.94) -7.0% 49,055.00 49,815.00 (760.00) 320,052.00 298,602.94 15%680000 Leases12,811.08 16,500.00 3,688.92 22.4% 28,599.28 33,000.00 (4,400.72) 246,850.00 231,061.80 12%690000 Miscellaneous Other Expense10,978.02 10,612.00 366.02 -3.4% 28,043.55 26,542.00 1,501.55 198,074.00 181,008.47 14%Total Expenses239,267.72 248,456.00 9,920.32 3.7% 459,746.48 496,091.00 36,344.52 3,547,288.00 3,324,699.40 13%(203,625.30) (220,755.50) 17,130.20 7.8%(392,509.55) (433,002.30) 40,492.75 52,683.60 208,035.27 0%Rounds of Golf PlayedPaid Rounds Played1,239 700 539 77.0%2,246 1,600 646 41,100 38,854 5%Ave $ Per Paid Round Green Fee22.22 29.46 (7.24) -24.6%23.57 29.46 (5.90) 74.06 50.49 32%Ave $ Per Paid Round Merchandise3.26 3.25 0.01 0.2%3.49 3.33 0.16 6.29 2.80 56%Ave $ Per Paid Miscellaneous 4.77 7.96 (3.20) -40.2%4.43 7.88 (3.45) 10.47 6.04 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateAugust 201411 Sales and Cost of SalesActualBudgetVariance$27,534.75$20,624.006,910.75Favorable: Despite average rate being lower than projectred, rounds were over budget by 539 which resulted in highergreen fee revenues. With the closure of the back 9 the orginal projections was 30% of prior years actual averages.ActualBudgetVariance$4,033.74$2,275.001,758.74Favorable: Due to higher than projected rounds. More golfers equated to higher than projected merchandise sales. ExpensesActualBudgetVariance$10,405.09$13,940.00(3,534.91)Favorable: Due to reduced salaries and benefits in an effort to reduce payroll. Also, there there were no seminars and training expenses for the month and miscellaneous expenses were down. ActualBudgetVariance12,353.65 14,533.00 (2,179.35)Favorable: Due to reduced salaries and benefits and repair maintenance expenses of carts were down due to reduced usage.ActualBudgetVariance$12,338.97$8,514.003,824.97Unfavorable: Due to timing of adverstising invoices and a prepaid online marketing invoice. ActualBudgetVariance$12,811.08$16,500.00(3,688.92)Favorable: Golf cart lease has a credit for the month of August from a pre paid property tax. In addition, the golf cart lease will contine to be under budget by $1500 per month as a result of actual lease payments being less than what was budgeted. provided for those cost of sales percentage that are greater than 5%.Variance ExplanationAugust 2014The explanation of variance from budget shown below provide details of variances by revenue and expensecategories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations areLeasesCartbarn-Course ServicesMarketingRevenue FeesPro Shop Merchandise SalesGolf Shop22 Income August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees27,534.75 20,624.00 6,910.75 52,929.25 47,140.00 5,789.25 3,043,760.003,018,365.501%4010000 Rider Fee105.00 70.00 35.00 195.00 160.00 35.00 7,230.007,140.001%4040000 Club Rental410.00 350.00 60.00 660.00 800.00 (140.00) 20,550.0020,300.001%4050000 Driving Range2,360.00 525.00 1,835.00 4,215.00 1,200.00 3,015.00 86,435.0084,580.002%4060000 Handicap Fees- - - - - - 2,500.002,500.000%4080000 GPS Advertising- 100.00 (100.00) - 200.00 (200.00) 2,600.00 2,600.000%4090000 Ball Retriever/Subcontract- - - 791.90 1,000.00 (208.10) 4,000.00 3,208.1020%4091000 Golf Professional Rental Fee- - - - - - 37,000.00 37,000.00 0%4092000 Golf Lessons - - - - - - - - 0%4093000 Resident Card Issue3,030.00 4,530.00 (1,500.00) 4,080.00 9,240.00 (5,160.00) 135,000.00 130,920.00 1% Total Revenue Fees33,439.75 26,199.00 7,240.75 62,871.15 59,740.00 3,131.15 3,339,075.00 3,306,613.60 1%33,439.75 26,199.00 7,240.75 62,871.15 59,740.00 3,131.15 3,339,075.00 3,175,693.60 5%SilverRock ResortStatement of Fees RevenueAugust 2014Total IncomeMonth to DateYear to DateAnnual Budget33 Income August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous268.13 - 268.13 582.56 - 582.56 00 0%4100110 Sales Hard Goods1,704.02 796.00 908.02 3,368.11 1,867.00 1,501.11 90,538.00 87,169.89 4%4100112 Sales-Soft Goods2,608.00 1,479.00 1,129.00 4,880.00 3,468.00 1,412.00 168,142.00 163,262.00 3%5100639 GS-Discounts-Mdse(546.41) - (546.41) (982.79) - (982.79) - 982.79 0% Total Revenue Golf Shop4,033.74 2,275.00 1,758.74 7,847.88 5,335.00 2,512.88 258,680.00 251,414.68 3%COS 5100150 COS-GS-Hard Goods 1,252.31 461.68 790.63 2,547.34 1,082.86 1,464.48 52,512.04 49,964.70 5%5100151 COS-GS-Soft Goods1,034.25 857.82 176.43 1,856.74 2,011.44 (154.70) 97,522.36 95,665.62 2%5100152 COS-GS-Purchase Disc- (66.00) 66.00 - (155.00) 155.00 (7,502.00) (7,502.00) 0%5100220 COS-GS-Freight Merch45.92 20.00 25.92 80.93 47.00 33.93 2,251.00 2,170.07 4%Cost of Sales - Golf Shop2,332.48 1,273.50 1,058.98 4,485.01 2,986.30 1,498.71 144,783.40 140,298.39 3%Gross Profit 1,701.26 1,001.50 699.76 3,362.87 2,348.70 1,014.17 113,896.60 111,116.29 2%COS %57.8% 56.0% -1.8% 57.1% 56.0% -1.2% 53.1% 55.8%-5%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,625.74 2,046.00 (420.26) 2,750.06 4,092.00 (1,341.94) 27,621.00 24,870.94 10%6101325 Insurance-Workers Comp314.99 346.00 (31.01) 629.98 692.00 (62.02) 5,062.00 4,432.02 12%6101720 Salaries3,545.44 3,750.00 (204.56) 7,090.88 7,500.00 (409.12) 45,000.00 37,909.12 16%6101800 Taxes-Employer Payroll911.83 1,201.00 (289.17) 2,016.03 2,402.00 (385.97) 17,562.00 15,545.97 11%6101880 Wages-Hourly3,782.41 5,487.00 (1,704.59) 8,645.55 10,974.00 (2,328.45) 90,070.00 81,424.45 10%6101882 Wages-Overtime8.25 - 8.25 20.63 - 20.63 - 952.88 0%Total -PS-SALARIES & BENEFITS10,188.66 12,830.00 (2,641.34) 21,153.13 25,660.00 (4,506.87) 185,315.00 165,135.38 11%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0%6103762 Supplies-Office- 250.00 (250.00) - 500.00 (500.00) 3,000.00 3,000.00 0%6109220 Freight & Delivery- - - - - - 75.00 75.00 0%6109490 Miscellaneous- 500.00 (500.00) - 1,000.00 (1,000.00) 6,000.00 6,000.00 0%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short(18.66) - (18.66) (11.83) - (11.83) - 11.83 0%6109722 Seminars/Training- 150.00 (150.00) - 300.00 (300.00) 3,690.00 3,690.00 0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 0%6109820 Uniforms157.42 100.00 57.42 157.42 200.00 (42.58) 2,400.00 2,242.58 7%6117840 Telephones77.67 110.00 (32.33) 166.00 220.00 (54.00) 1,320.00 1,154.00 13%Total PS-OTHER EXPENSES216.43 1,110.00 (893.57) 311.59 2,220.00 (1,908.41) 18,875.00 18,563.41 2%10,405.09 13,940.00 (3,534.91) 21,464.72 27,880.00 (6,415.28) 204,190.00 183,698.79 10%Net Income(8,703.83) (12,938.50) 4,234.67 (18,101.85) (25,531.30) 7,429.45 (90,293.40) (72,582.50) -20%SilverRock ResortGolf Shop Income StatementAugust 2014Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget44 August Final Budget Variance Final Budget Variance Annual Budget Unemcumb.%Budget Expense 63-CM-SALARIES & BENEFITS 6311320 Insurance-Group 10,773.27 8,990.00 1,783.27 18,398.90 17,980.00 418.90 107,880.00 100,254.37 92.9% 6311325 Insurance-Workers Comp 2,742.65 1,825.00 917.65 5,485.30 3,650.00 1,835.30 24,794.00 22,051.35 88.9% 6311720 Salaries 10,620.80 11,001.60 (380.80) 21,241.60 22,003.20 (761.60) 132,019.20 121,398.40 92.0% 6311800 Taxes-Employer Payroll 2,923.17 6,327.00 (3,403.83) 8,431.68 12,654.00 (4,222.32) 86,638.00 81,129.49 93.6% 6311880 Wages-Hourly 37,448.37 37,670.40 (222.03) 74,050.49 75,340.80 (1,290.31) 518,478.80 481,876.68 92.9% 6311882 Wages-Overtime - - - - - - 15,945.00 15,945.00 100.0% Total-CM-SALARIES & BENEFITS 64,508.26 65,814.00 (1,305.74) 127,607.97 131,628.00 (2,714.29) 885,755.00 822,655.29 92.9% 63-CM-SUPPLIES & MATERIALS 6313734 Chemicals 878.55 2,500.00 (1,621.45) 2,800.60 5,500.00 (2,699.40) 34,600.00 32,677.95 94.4% 6313744 Fertilizer 16,254.79 16,000.00 254.79 24,189.66 25,000.00 (810.34) 112,500.00 104,565.13 92.9% 6313745 Herbicides - - - - - - 17,000.00 17,000.00 100.0% 6313746 Flowers/Plants - - - - - - 3,050.00 3,050.00 100.0% 6313748 Fuel-Gasoline 5,256.31 5,200.00 56.31 10,197.69 10,400.00 (202.31) 55,020.00 50,078.62 91.0% 6313750 Golf Course Accessories 135.07 200.00 (64.93) 460.76 400.00 60.76 13,000.00 12,674.31 97.5% 6313756 POA Control 242.03 - 242.03 242.03 - 242.03 7,000.00 7,000.00 100.0% 6313758 Miscellaneous Supp 423.23 750.00 (326.77) 793.73 1,500.00 (706.27) 4,350.00 3,979.50 0.0% 6313762 Supplies-Office - - - - - - - - 0.0% 6313774 Sand - 390.00 (390.00) - 780.00 (780.00) 13,460.00 13,460.00 100.0% 6313776 Seed - 350.00 (350.00) - 700.00 (700.00) 125,900.00 125,900.00 100.0% 6313778 Small Tools & Non-Capital Equip 45.03 100.00 (54.97) 45.03 200.00 (154.97) 5,000.00 5,000.00 100.0% 6313780 Sod 2,373.08 2,500.00 (126.92) 2,373.08 3,500.00 (1,126.92) 10,450.00 10,450.00 100.0% 6313782 Topdressing 768.75 2,500.00 (1,731.25) 768.75 2,500.00 (1,731.25) 10,600.00 10,600.00 100.0% Total-CM-SUPPLIES & MATERIALS 26,376.84 30,490.00 (4,113.16) 41,871.33 50,480.00 (4,495.51) 411,930.00 396,435.51 96.2% 63-CM-REPAIRS & MAINTENANCE 6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 5,660.00 5,200.00 460.00 31,200.00 28,370.00 90.9% 6315685 CM-R&M-Bldngs & Othr Structures 748.29 750.00 (1.71) 1,326.58 2,000.00 (673.42) 5,550.00 4,971.71 89.6% 6315690 CM-R&M-Equipment 3,674.93 2,500.00 1,174.93 7,263.07 4,500.00 2,763.07 40,000.00 36,411.86 91.0% 6315692 CM-R&M-Irrigation System 3,287.80 3,500.00 (212.20) 4,264.82 7,900.00 (3,635.18) 19,050.00 18,072.98 94.9% 6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) - 2,000.00 (2,000.00) 10,500.00 10,500.00 100.0% 6315815 CM-R&M-Trees-Pruning Etc 3,000.00 - 3,000.00 3,000.00 - 3,000.00 12,050.00 12,050.00 100.0% Total-CM-REPAIRS & MAINTENANCE 13,541.02 10,350.00 3,191.02 21,514.47 21,600.00 (85.53) 118,350.00 110,376.55 93.3% training expenses for the month and miscellaneous expenses were down. 6317836 Utilities-Natural Gas/LPG 20.29 15.00 5.29 42.67 30.00 12.67 180.00 137.33 0.0% 6317840 Telephones 405.57 850.00 (444.43) 1,615.54 1,700.00 (84.46) 10,200.00 8,584.46 84.2% Total-CM-UTILITIES 425.86 865.00 (439.14) 1,658.21 1,730.00 (71.79) 10,380.00 8,721.79 84.0% 63-CM-OTHER EXPENSES 6319020 Auto Mileage/Allowance 500.00 500.00 - 1,000.00 1,000.00 - 6,000.00 5,500.00 91.7% 6319100 Contract Svcs-Soil/Tissue Test - - - - - - 4,000.00 4,000.00 100.0% 6319102 Contract Svcs-Trash Removal 752.46 524.00 228.46 752.46 1,048.00 (295.54) 6,288.00 6,288.00 0.0% 6319150 Dues & Subscriptions - - - - - - 540.00 540.00 100.0% 6319170 Employee Education - 50.00 (50.00) - 100.00 (100.00) 1,550.00 1,550.00 100.0% 6319197 Equipment Rental - 150.00 (150.00) - 350.00 (350.00) 3,400.00 3,400.00 100.0% 6319206 Licenses & Permits - 100.00 (100.00) 10.00 200.00 (190.00) 4,180.00 4,170.00 99.8% 6319490 Miscellaneous - 100.00 (100.00) 119.52 200.00 (80.48) 1,200.00 1,080.48 90.0% 6319718 Safety Equipment & Training 134.95 100.00 34.95 134.95 300.00 (165.05) 3,850.00 3,850.00 100.0% 6319822 Uniforms 858.68 920.00 (61.32) 1,331.54 1,840.00 (508.46) 11,040.00 10,567.14 95.7% Total-CM-OTHER EXPENSES 2,246.09 2,444.00 (197.91) 3,348.47 5,038.00 (1,689.53) 42,048.00 40,945.62 97.4% Month to Date Year to Date SilverRock Resort Course Maintenance Expense Statement August 2014 Annual Budget 5 5 August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group1,868.05 2,728.00 (859.95) 3,736.10 5,456.00 (1,719.90) 32,736.00 28,999.90 94.3%6321325 Insurance-Workers Comp402.41 483.00 (80.59) 804.82 966.00 (161.18) 5,953.00 5,148.18 93.2%6321800 Taxes-Employer Payroll2,151.16 1,674.00 477.16 3,593.87 3,348.00 245.87 20,906.00 17,312.13 93.1%6321880 Wages-Hourly12,873.34 12,880.00 (6.66) 24,952.34 25,760.00 (807.66) 154,560.00 129,607.66 92.2%6321882 Wages-Overtime- - - 8.06 - 8.06 6,279.00 6,270.94 99.9%Total-CM-LM-SALARIES & BENEFITS17,294.96 17,765.00 (470.04) 33,095.19 35,530.00 (2,434.81) 220,434.00 187,338.81 92.8%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 200.00 (200.00) 1,025.00 1,025.00 100.0%6323788 Uniforms187.24 290.00 (102.76) 280.36 580.00 (299.64) 3,480.00 3,199.64 91.9%Total-CM-LM-SUPPLIES & MATERIALS187.24 390.00 (202.76) 93.12 780.00 (686.88) 4,505.00 4,224.64 93.8%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) - 500.00 (500.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) - 500.00 (500.00) 4,250.00 4,250.00 100.0%124,580.27 128,368.00 (3,787.73) 229,188.76 247,286.00 (18,097.24) 1,697,652.00 1,574,948.21 92.8% August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 11,853.27 13,820.00 (1,966.73) 24,963.28 32,385.00 (7,421.72) 178,291.00 153,327.72 86.0%6337842 Utilities-Water7,098.78 6,200.00 898.78 13,790.86 13,200.00 590.86 45,338.00 31,547.14 69.6%18,952.05 20,020.00 (1,067.95) 38,754.14 45,585.00 (6,830.86) 223,629.00 184,874.86 82.7%Annual BudgetMonth to DateYear to DateTotal-COURSE MAINTENANCECourse Maintenance Expense StatementAugust 2014Silverrock ResortSilverrock ResortCourse Maintenance Water & EnergyAugust 2014Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget66 August Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget Expense 641-CBR-SALARIES & BENEFITS 6411320 Insurance-Group - 682.00 (682.00) - 1,364.00 (1,364.00) 8,184.00 8,184.00 100.0% 6411325 Insurance-Workers Comp 286.85 215.00 71.85 573.70 473.00 100.70 4,976.00 4,402.30 94.2% 6411800 Taxes-Employer Payroll 857.97 714.00 143.97 1,398.97 1,571.00 (172.03) 16,514.00 15,115.03 96.7% 6411880 Wages-Hourly 5,419.90 5,738.00 (318.10) 12,025.90 12,623.00 (597.10) 132,655.00 120,629.10 95.0% 6411882 Wages-Overtime 27.00 - 27.00 39.00 - 39.00 - (39.00) 0.0% Total-CBR-SALARIES & BENEFITS 6,591.72 7,349.00 (757.28) 14,037.57 16,031.00 (1,993.43) 162,329.00 148,291.43 95.4% 641-CBR-SUPPLIES & MATERIALS 6413732 Supplies-Carts - - - - - - 1,850.00 1,850.00 100.0% 6413742 Supplies-Expendable 94.50 600.00 (505.50) 1,086.00 1,200.00 (114.00) 6,750.00 5,758.50 85.3% 6413748 Supplies-Fuel for Shuttle - - - - - - 3,000.00 3,000.00 100.0% 6413752 Supplies-Range Balls - - - - - - 9,000.00 9,000.00 100.0% 6413762 Supplies-Office - 25.00 (25.00) - 50.00 (50.00) 525.00 525.00 100.0% 6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0% 6413786 Supplies-Towels 320.00 120.00 200.00 640.00 240.00 400.00 2,182.00 1,862.00 85.3% 6413796 Supplies-Bottled Water 108.00 50.00 58.00 216.00 100.00 116.00 8,550.00 8,442.00 98.7% Total-CBR-SUPPLIES & MATERIALS 522.50 795.00 (272.50) 1,942.00 1,590.00 352.00 32,277.00 30,857.50 95.6% 641-CBR-REPAIRS & MAINTENANCE 6415690 CBR-R&M-Equipment 49.80 300.00 (250.20) 104.21 600.00 (495.79) 3,600.00 3,495.79 97.1% 6415695 CBR-R&M-Cart Maintenance & Repair - 500.00 (500.00) - 1,000.00 (1,000.00) 6,450.00 6,450.00 100.0% Total-CBR-REPAIRS & MAINTENANCE 49.80 800.00 (750.20) 104.21 1,600.00 (1,495.79) 10,050.00 9,945.79 99.0% 641-CBR-OTHER EXPENSES 6419094 Contract Services-Laundry/Linen 369.75 800.00 (430.25) 667.86 1,600.00 (932.14) 9,600.00 8,932.14 96.9% 6419220 Freight/Delivery - 75.00 (75.00) - 150.00 (150.00) 450.00 450.00 100.0% 6419490 Miscellaneous - 75.00 (75.00) - 200.00 (200.00) 1,150.00 1,150.00 100.0% 6419820 Uniforms - - - - - - 5,200.00 5,200.00 100.0% Total-CBR-OTHER EXPENSES 369.75 950.00 (701.89) 667.86 1,950.00 (1,282.14) 16,400.00 15,732.14 98.2% TOTAL-CARTS,BAGROOM & RANGE 9,217.87 11,277.00 (2,059.13) 16,751.64 21,171.00 (4,419.36) 221,056.00 204,826.86 95.8% 643-CS-SALARIES & BENEFITS 6431320 Insurance-Group - - - - - - - - 0.0% training expenses for the month and miscellaneous expenses were down. Insurance-Workers Comp 133.75 99.00 34.75 267.50 198.00 69.50 1,933.00 1,665.50 86.2% 6431800 Taxes-Employer Payroll 359.03 343.00 16.03 583.73 686.00 (102.27) 6,703.00 6,119.27 91.3% 6431880 Wages-Hourly 2,643.00 2,639.00 4.00 5,227.00 5,278.00 (51.00) 51,567.00 46,340.00 89.9% 6431882 Wages-Overtime - - - - - - - - 0.0% Total-CS-SALARIES & BENEFITS 3,135.78 3,081.00 54.78 6,078.23 6,162.00 (83.77) 60,203.00 54,124.77 89.9% 643-CS-OTHER EXPENSES 6433742 Supplies Expendable - 50.00 (50.00) - 100.00 (100.00) 1,050.00 1,050.00 100.0% 6439490 Miscellaneous - - - - - - 200.00 200.00 100.0% 6439718 Safety Equipment & Training - 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0% 6439820 Uniforms - 75.00 (75.00) - 150.00 (150.00) 2,125.00 2,125.00 100.0% Total-CS-OTHER EXPENSES - 175.00 (175.00) - 350.00 (350.00) 3,975.00 3,975.00 100.0% Total-COURSE SERVICES 3,135.78 3,256.00 (120.22) 6,078.23 6,512.00 (433.77) 64,178.00 58,099.77 90.5% 12,353.65 14,533.00 (2,179.35) 22,829.87 27,683.00 (4,853.13) 285,234.00 258,951.63 90.8%TOTAL OUTSIDE SERVICES Month to Date Year to Date SilverRock Resort Outside Services Expense Statement August 2014 Annual Budget 7 7 August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 738.50 400.00 338.50 1,135.00 800.00 335.00 4,800.00 3,665.00 76.4%Total-CH-SUPPLIES & MATERIALS738.50 400.00 338.50 396.50 800.00 (403.50) 4,800.00 3,665.00 76.4%65-CH-UTILITIES6507836 Utilities-Natural Gas308.42 300.00 8.42 639.93 600.00 39.93 3,600.00 2,960.07 82.2%6507840 Utilities-Telephone892.59 1,150.00 (257.41) 1,248.05 2,300.00 (1,051.95) 13,800.00 12,551.95 91.0%6507842 Utilities-Water267.98 321.00 (53.02) 664.16 642.00 22.16 3,852.00 3,187.84 82.8%6507844 Utilities-Cable457.31 340.00 117.31 914.62 680.00 234.62 4,080.00 3,165.38 77.6%Total-CH-UTILITIES1,926.30 2,111.00 (184.70) 3,466.76 4,222.00 (755.24) 25,332.00 21,865.24 86.3%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 1,900.00 1,825.00 75.00 3,725.00 3,650.00 75.00 22,500.00 18,775.00 91.9%6509099 Contract Services-Security4,895.40 4,900.00 (4.60) 9,854.64 9,800.00 54.64 60,400.00 50,545.36 91.8%6509215 Flowers & Decorations- - - - - - 1,900.00 1,900.00 100.0%6509490 Miscellaneous66.36 200.00 (133.64) 115.86 400.00 (284.14) 2,400.00 2,284.14 97.9%6509718 Safety Equipment & Training- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES6,861.76 7,025.00 (163.24) 13,695.50 14,050.00 (354.50) 88,400.00 74,704.50 92.3%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures 216.09 300.00 (83.91) 520.67 600.00 (79.33) 3,600.00 3,079.33 85.5%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) - 800.00 (800.00) 4,800.00 4,800.00 100.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) - 800.00 (800.00) 4,800.00 4,800.00 100.0%Total-CH-REPAIRS & MAINTENANCE216.09 1,100.00 (883.91) 520.67 2,200.00 (1,679.33) 13,200.00 12,679.33 96.1%9,742.65 10,636.00 (893.35) 18,079.43 21,272.00 (3,192.57) 131,732.00 25,358.66 19.3%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAugust 2014Annual Budget88 August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group373.61 341.00 32.61 747.22 682.00 65.22 4,092.00 3,344.78 81.7%6601325 Insurance-Workers Comp101.49 94.00 7.49 202.98 188.00 14.98 1,128.00 925.02 82.0%6601720 Salaries 2,047.13 2,508.00 (460.87) 3,946.86 5,016.00 (1,069.14) 30,096.00 26,149.14 86.9%6601800 Taxes-Employer Payroll 171.24 326.00 (154.76) 321.45 652.00 (330.55) 3,912.00 3,590.55 91.8%Total-MKT-SALARIES & BENEFITS2,693.47 3,269.00 (575.53) 5,218.51 6,538.00 (1,319.49) 39,228.00 34,009.49 86.7%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office100.00 100.00 - 100.00 200.00 (100.00) 1,200.00 1,100.00 91.7%6603768 Supplies-Printing & Stationery980.67 - 980.67 1,259.50 - 1,259.50 4,425.00 3,165.50 71.5%1,080.67 100.00 980.67 1,359.50 200.00 1,159.50 5,625.00 4,265.50 75.8%66-MKT-UTILITIES6607840 Utilities-Telephone206.46 100.00 106.46 264.54 200.00 64.54 1,200.00 935.46 78.0%Total-MKT-UTILITIES206.46 100.00 (41.92) 264.54 200.00 64.54 1,200.00 935.46 78.0%66-MKT-OTHER EXPENSES6609010 Advertising8,259.37 4,745.00 3,514.37 16,691.18 9,490.00 7,201.18 178,987.00 170,555.19 95.3%6609040 Business Meals - 25.00 (25.00) - 50.00 (50.00) 300.00 300.00 100.0%6609080 Collateral Material- - - - - - 5,500.00 5,500.00 100.0%6609102 Contract Services-Web Page99.00 150.00 (51.00) 198.00 300.00 (102.00) 1,800.00 1,701.00 94.5%6609490 Miscellaneous - - - - - - 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0%6609630 Promotion- - - - - - 700.00 700.00 0.0%6609633 Promotion-Community- 75.00 (75.00) - 150.00 (150.00) 2,250.00 2,250.00 100.0%6609634 Promotion-Media/Vendor- - - - - - 2,000.00 2,000.00 100.0%6609150 Dues and Subscriptions- - - - - - 735.00 735.00 100.0%6609820 Uniforms- - - - - - 600.00 600.00 100.0%Total-MKT-OTHER EXPENSES 8,358.37 5,045.00 3,313.37 16,889.18 10,090.00 6,799.18 193,822.00 185,291.19 95.6%Month to DateYear to DateSilverRock ResortMarketing Expense StatementAugust 2014Annual Budget99 August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,332.83 1,488.00 (155.17) 2,476.39 2,976.00 (499.61) 17,856.00 16,712.44 93.6%6701325 Insurance-Workers Comp 707.13 617.00 90.13 1,414.26 1,211.00 203.26 7,718.00 7,010.87 90.8%6701720 Salaries13,769.60 14,833.34 (1,063.74) 27,079.20 29,666.68 (2,587.48) 178,000.00 164,690.40 92.5%6701800 Taxes-Employer Payroll 1,221.44 2,138.00 (916.56) 2,391.67 4,198.00 (1,806.33) 26,748.00 25,577.77 95.6%6701880 Wages-Hourly2,197.13 1,616.66 580.47 3,524.88 2,633.32 891.56 27,800.00 26,472.25 95.2%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 19,228.13 20,693.00 (1,464.87) 36,886.40 40,685.00 (3,798.60) 258,122.00 240,463.73 93.2%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer4,208.77 500.00 3,708.77 4,708.77 1,000.00 3,708.77 6,300.00 1,591.23 25.3%6703762 Supplies-Office77.89 150.00 (72.11) 105.10 300.00 (194.90) 1,800.00 1,694.90 94.2%6703768 Supplies-Printing & Stationery68.94 100.00 (31.06) 68.94 200.00 (131.06) 3,300.00 3,231.06 97.9%Total-G&A-SUPPLIES & MATERIALS 4,355.60 750.00 3,605.60 4,882.81 1,500.00 3,382.81 11,400.00 6,517.19 57.2%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equip- 100.00 (100.00) - 100.00 (100.00) 1,900.00 1,900.00 100.0%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) - 100.00 (100.00) 1,900.00 1,900.00 100.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance 400.00 400.00 - 800.00 800.00 - 4,800.00 4,400.00 91.7%6709150 Dues & Subscriptions- - - - 50.00 (50.00) 1,700.00 1,700.00 100.0%6709180 Employee Recruiting/Relocatio234.57 - 234.57 234.57 - 234.57 1,400.00 1,400.00 100.0%6709197 Equipment Rental466.77 550.00 (83.23) 1,006.55 1,100.00 (93.45) 6,600.00 6,060.22 91.8%6709202 Fees-Bank251.91 90.00 161.91 425.37 180.00 245.37 1,080.00 906.54 83.9%6709208 Fees-Payroll Processing 998.46 1,200.00 (201.54) 2,003.97 2,400.00 (396.03) 14,400.00 13,394.49 93.0%6709220 Freight/Delivery- 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0%6709490 Miscellaneous- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services209.25 75.00 134.25 258.25 150.00 108.25 900.00 851.00 94.6%6709625 Professional Fees461.25 850.00 (388.75) 2,020.50 1,700.00 320.50 10,200.00 8,640.75 84.7%6709636 Promotion/Entertainment- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training500.00 200.00 300.00 500.00 400.00 100.00 2,400.00 2,400.00 100.0%6709810 Travel- 100.00 (100.00) - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 900.00 36.58 150.00 (113.42) 1,050.00 1,013.42 96.5%Total-G&A-OTHER EXPENSES3,522.21 3,790.00 707.21 7,285.79 7,530.00 (244.21) 48,630.00 44,866.42 92.3%27,105.94 25,333.00 1,772.94 49,055.00 49,815.00 (760.00) 320,052.00 293,747.34 91.8%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAugust 2014Annual Budget1010 August Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts6,654.38 10,050.00 (3,395.62) 16,726.90 20,100.00 (3,373.10) 121,050.00 104,323.10 86.2%6800193 Equipment Leases-Maintenance48,400.00 48,400.00 100.0%6800194 Equipment Leases-Trailer656.22 600.00 56.22 1,316.22 1,200.00 116.22 7,200.00 5,883.78 81.7%6800196 Equipment Leases-GPS4,260.00 4,700.00 (440.00) 8,435.20 9,400.00 (964.80) 56,400.00 47,964.80 85.0%6800197 Equipment Leases-Others1,240.48 1,150.00 90.48 2,120.96 2,300.00 (179.04) 13,800.00 11,679.04 0.0%12,811.08 16,500.00 (3,688.92) 28,599.28 33,000.00 (4,400.72) 246,850.00 218,250.72 88.4%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 16,000.00 16,000.00 - 96,000.00 80,000.00 83.3%6900210 FF&E Reserve550.70 412.00 138.70 1,058.59 942.00 116.59 60,874.00 59,815.41 98.3%6900800 Personal Property Taxes- - - 5,477.37 5,200.00 277.37 14,800.00 9,322.63 63.0%6900323 Insurance-Commercial2,427.32 2,200.00 227.32 5,507.59 4,400.00 1,107.59 26,400.00 20,892.41 79.1%10,978.02 10,612.00 366.02 28,043.55 26,542.00 1,501.55 198,074.00 170,030.45 85.8%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAugust 2014Annual BudgetMonth to DateYear to Date1111 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2014‐20152014 2014 2014 2014 2014 2014Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMediaSalesPromotionGolf IndustryVIPCelebrityPGA Comp98Charity/Gift Certificate4Rain/Wind Checks1Club Staff7283LQ HS Golf2108410500002015 2015 2015 2015 2015 2015Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf0000001212