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09 March 2014 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2013 – March 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 March Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue550,279.64 572,648.00 (22,368.36) -3.9% 2,377,163.99 2,367,288.00 9,875.99 3,294,267.00 917,103.01 72%401000 Miscellaneous Golf Revenue 50,726.25 46,340.00 4,386.25 9.5% 292,933.10 252,216.00 40,717.10 302,480.00 9,546.90 97%410000 Revenue-Golf Shop 35,376.56 43,400.00 (8,023.44) -18.5% 168,858.63 198,386.00 (29,527.37) 279,585.00 110,726.37 60%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0% 10,500.00 10,500.00 - 12,000.00 1,500.00 88%890000 Interest Income0.63 - 0.63 0.0% 4.31 - 4.31 - (4.31) 0%Total Income637,883.08 663,888.00 (26,004.92) -3.9% 2,849,460.03 2,828,390.00 21,070.03 3,888,332.00 1,038,871.97 73%Cost of Goods Sold510000 COS-Golf Shop 20,057.01 23,034.00 (2,976.99) 12.9% 96,544.79 105,291.30 8,746.51 148,390.00 51,845.21 65%Total COS20,057.01 23,034.00 (2,976.99) 12.9% 96,544.79 105,291.30 8,746.51 148,390.00 51,845.21 65%Gross Profit617,826.07 640,854.00 (23,027.93) -3.6% 2,752,915.24 2,723,098.70 29,816.54 3,739,942.00 987,026.76 74%Expenses610000 Golf Pro Shop 16,559.15 18,882.00 2,322.85 12.3% 139,144.42 161,686.00 22,541.58 219,667.00 80,522.58 63%630000 Course Maintenance123,981.64 115,720.00 (8,261.64) -7.1% 1,339,216.87 1,333,998.00 (5,218.87) 1,684,328.00 345,111.13 80%633000 Maintenance Water & Energy17,878.76 15,555.00 (2,323.76) -14.9% 148,490.02 150,370.00 1,879.98 223,629.00 75,138.98 66%640000 Outside Services28,085.84 27,249.00 (836.84) -3.1% 194,653.25 212,364.00 17,710.75 281,182.00 86,528.75 69%650000 Clubhouse 15,398.41 11,136.00 (4,262.41) -38.3% 103,637.31 99,424.00 (4,213.31) 131,732.00 28,094.69 79%660000 Marketing 23,093.53 24,477.00 1,383.47 5.7% 184,133.82 193,410.00 9,276.18 239,552.00 55,418.18 77%670000 General & Administrative26,158.55 26,892.00 733.45 2.7% 230,535.46 241,828.00 11,292.54 323,543.00 93,007.54 71%680000 Leases 17,267.60 18,890.00 1,622.40 8.6% 143,690.18 170,010.00 26,319.82 226,680.00 82,989.82 63%690000 Miscellaneous Other Expense22,085.87 21,653.00 (432.87) -2.0% 156,521.20 153,946.00 (2,575.20) 203,085.00 46,563.80 77%Total Expenses290,509.35 280,454.00 (10,055.35) -3.6% 2,640,022.53 2,717,036.00 77,013.47 3,533,398.00 893,375.47 75%327,316.72 360,400.00 (33,083.28) -9.2%112,892.71 6,062.70 106,830.01 206,544.00 93,651.29 55%Rounds of Golf PlayedPaid Rounds Played 6,479 6,200 279 4.5% 34,546 33,410 1,136 46,710 12,164 74%Ave $ Per Paid Round Green Fee84.93 92.36 (7.43) -8.0% 68.81 70.86 (2.04) 70.53 1.71 98%Ave $ Per Paid Round Merchandise5.46 7.00 (1.54) -22.0% 4.89 5.94 (1.05) 5.99 1.10 82%Ave $ Per Paid Miscellaneous 7.83 7.47 0.36 4.8% 8.48 7.55 0.93 6.48 (2.00) 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to Date Year to DateMarch 20141 Revenue Actual BudgetVariance35,376.56 43,400.00 (8,023.44)Unfavorable: Merchandise sales were down by nearly 19 percent; consumer spending in merchandise continues to be lower than budgeted. This has been the trend so far this year and types and quantities of merchandise are being reviewed.ExpensesActual Budget Variance16,559.15 18,882.00 2,322.85Favorable: Due to reduced payroll with low employee turnover and online tee time bookings. Also, officesupplies and miscellaneous line items were not realized this month.Actual Budget Variance17,878.76 15,555.00 (2,323.76)Unfavorable: Due to unusually high temperatures for the desert in March, water consumption was increased in order to maintain course conditions by holding the rye grass in as long as possible.Actual Budget Variance15,398.41 11,136.00 (4,262.41)Unfavorable: Due to replacement of patio umbrellas and repairs to air conditioning units in grill room and restrooms.The replacement of patio umbrellas were not projected, however necessary because of damage. The cost of the umbrellas was approximatly $1,200.Clubhouse Variance ExplanationMarch 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 areprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesGolf ShopWater & Energy2 Income March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees 550,279.64 572,648.00 (22,368.36) 2,377,163.99 2,367,288.00 9,875.99 3,294,267.00917,103.0172%4010000 Rider Fee 1,500.00 1,550.00 (50.00) 7,225.00 6,371.00 854.00 7,700.00475.0094%4040000 Club Rental 3,290.00 3,100.00 190.00 15,945.00 16,705.00 (760.00) 23,355.007,410.0068%4050000 Driving Range 19,750.00 18,600.00 1,150.00 88,133.00 70,375.00 17,758.00 90,325.002,192.0098%4060000 Handicap Fees - 400.00 (400.00) 2,744.00 2,500.00 244.00 2,500.00-244.000%4080000 GPS Advertising - 100.00 (100.00) 500.00 2,500.00 (2,000.00) 2,600.00 2,100.0019%4090000 Ball Retriever/Subcontract - - - 2,985.60 3,000.00 (14.40) 4,000.00 1,014.4075%4091000 Golf Professional Rental Fee 8,306.25 6,000.00 2,306.25 41,128.75 27,000.00 14,128.75 37,000.00 -4,128.75 111%4092000 Golf Lessons - - - 636.75 - 636.75 - (636.75) 0%4093000 Resident Card Issue 17,880.00 16,590.00 1,290.00 133,635.00 123,765.00 9,870.00 135,000.00 1,365.00 99% Total Revenue Fees 601,005.89 618,988.00 (17,982.11) 2,670,097.09 2,619,504.00 50,593.09 3,461,747.00 925,284.91 73%601,005.89 618,988.00 (17,982.11) 2,670,097.09 2,619,504.00 50,593.09 3,461,747.00 925,284.91 73%Total IncomeMonth to Date Year to Date Annual BudgetSilverRock ResortStatement of Fees RevenueMarch 20143 Income March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 211.00 - 211.00 2,256.63 - 2,256.63 0 0 0%4100110 Sales Hard Goods 9,761.22 15,190.00 (5,428.78) 63,374.22 69,435.00 (6,060.78) 97,855.00 34,480.78 65%4100112 Sales-Soft Goods 30,314.50 28,210.00 2,104.50 127,571.50 128,951.00 (1,379.50) 181,730.00 54,158.50 70%5100639 GS-Discounts-Mdse (4,910.16) - (4,910.16) (24,343.72) - (24,343.72) - 24,343.72 0% Total Revenue Golf Shop 35,376.56 43,400.00 (8,023.44) 168,858.63 198,386.00 (29,527.37) 279,585.00 112,983.00 60%COS 5100150 COS-GS-Hard Goods 5,420.21 8,354.50 (2,934.29) 37,224.33 38,189.25 (964.92) 53,820.25 16,595.92 69%5100151 COS-GS-Soft Goods 14,449.38 15,515.50 (1,066.12) 57,449.61 70,923.05 (13,473.44) 99,951.50 42,501.89 57%5100152 COS-GS-Purchase Disc (23.88) (1,194.00) 1,170.12 (1,204.95) (5,456.00) 4,251.05 (7,689.00) (6,484.05) -16%5100220 COS-GS-Freight Merch 211.30 358.00 (146.70) 3,075.80 1,635.00 1,440.80 2,307.00 (768.80) 133%Cost of Sales - Golf Shop 20,057.01 23,034.00 (2,976.99) 96,544.79 105,291.30 (8,746.51) 148,389.75 51,844.96 65%Gross Profit 15,319.55 20,366.00 (5,046.45) 72,313.84 93,094.70 (20,780.86) 131,195.25 61,138.04 53%COS % 56.7% 53.1% -3.6% 57.2% 53.1% -4.1% 53.1% 45.9% 14%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group 1,721.22 2,317.00 (595.78) 18,582.80 19,860.00 (1,277.20) 26,811.00 8,228.20 69%6101325 Insurance-Workers Comp 314.99 512.00 (197.01) 5,162.08 4,207.00 955.08 5,663.00 500.92 91%6101720 Salaries 3,545.44 3,750.00 (204.56) 32,061.68 33,750.00 (1,688.32) 45,000.00 12,938.32 71%6101800 Taxes-Employer Payroll 1,604.31 1,435.00 169.31 10,481.41 11,795.00 (1,313.59) 1,588.00 (8,893.41) 660%6101880 Wages-Hourly 8,923.14 9,008.00 (84.86) 62,542.99 71,094.00 (8,551.01) 96,229.00 33,686.01 65%6101882 Wages-Overtime 145.69 - 145.69 453.21 - 453.21 - 952.88 0%Total -PS-SALARIES & BENEFITS 16,254.79 17,022.00 (767.21) 129,284.17 140,706.00 (11,421.83) 175,291.00 47,412.92 73%61-PS OTHER EXPENSES6103742 Supplies-Expendable - - - - - - - - 0%6103762 Supplies-Office 42.39 500.00 (457.61) 734.82 4,500.00 (3,765.18) 6,000.00 5,265.18 12%6109090 Contract Services 37.16 500.00 (462.84) 4,037.16 4,500.00 (462.84) 6,000.00 1,962.84 67%6109220 Freight & Delivery - - - 118.88 75.00 43.88 75.00 (43.88) 159%6109490 Miscellaneous - 500.00 (500.00) 1,342.04 4,500.00 (3,157.96) 6,000.00 4,657.96 22%6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0%6109500 ProShop-Over/Short (11.44) - (11.44) 18.14 - 18.14 - (18.14) 0%6109722 Seminars/Training - 35.00 (35.00) 284.88 4,570.00 (4,285.12) 5,890.00 5,605.12 5%6109810 Travel - Merchandise - 15.00 (15.00) - 45.00 (45.00) 90.00 90.00 0%6109820 Uniforms 150.15 200.00 (49.85) 2,302.71 1,800.00 502.71 2,400.00 97.29 96%6117840 Telephones 86.10 110.00 (23.90) 1,021.62 990.00 31.62 1,320.00 298.38 0%Total PS-OTHER EXPENSES 304.36 1,860.00 (1,555.64) 9,860.25 20,980.00 (11,119.75) 30,075.00 20,214.75 33%16,559.15 18,882.00 (2,322.85) 139,144.42 161,686.00 (22,541.58) 205,366.00 67,627.67 67%Net Income(1,239.60) 1,484.00 (2,723.60) (66,830.58) (68,591.30) 1,760.72 (74,170.75) (6,489.63) -91%Total Expenses-Golf ShopMonth to Date Year to Date Annual BudgetSilverRock ResortGolf Shop Income StatementMarch 20144 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 11,439.55 8,740.00 2,699.55 87,474.27 78,660.00 8,814.27 104,880.00 17,405.73 16.6%6311325 Insurance-Workers Comp 2,742.65 2,208.00 534.65 20,421.86 20,579.00 (157.14) 27,280.00 6,858.14 25.1%6311720 Salaries 11,621.80 11,001.60 620.20 98,898.60 99,014.40 (115.80) 150,996.00 52,097.40 34.5%6311800 Taxes-Employer Payroll 6,397.91 6,194.00 203.91 51,847.85 58,224.00 (6,376.15) 774,129.00 722,281.15 93.3%6311880 Wages-Hourly 46,057.22 44,059.40 1,997.82 414,853.83 405,452.60 9,401.23 518,654.00 103,800.17 20.0%6311882 Wages-Overtime 7.69 - 7.69 15,051.32 13,076.00 1,975.32 15,945.00 893.68 5.6%Total-CM-SALARIES & BENEFITS78,266.82 72,203.00 6,063.82 688,547.73 675,006.00 13,541.73 1,591,884.00 903,336.27 56.7%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 1,247.18 - 1,247.18 20,362.05 - 20,362.05 34,600.00 14,237.95 41.2%6313744 Fertilizer 5,960.50 7,500.00 (1,539.50) 99,598.69 127,200.00 (27,601.31) 112,500.00 12,901.31 11.5%6313745 Herbicides - - - 19,939.75 17,000.00 2,939.75 17,000.00 (2,939.75) -17.3%6313746 Flowers/Plants - 100.00 (100.00) 419.04 2,950.00 (2,530.96) 3,050.00 2,630.96 86.3%6313748 Fuel-Gasoline 3,273.51 3,850.00 (576.49) 33,351.81 44,720.00 (11,368.19) 55,020.00 21,668.19 39.4%6313750 Golf Course Accessories 266.59 100.00 166.59 12,648.92 12,700.00 (51.08) 13,000.00 351.08 2.7%6313756 POA Control - - - 8,091.93 7,000.00 1,091.93 7,000.00 (1,091.93) -15.6%6313758 Miscellaneous Supp 940.06 100.00 840.06 7,410.47 4,050.00 3,360.47 4,350.00 (3,060.47) 0.0%6313762 Supplies-Office - - - 151.49 - 151.49 - (151.49) 0.0%6313774 Sand 481.15 100.00 381.15 3,617.84 13,160.00 (9,542.16) 13,460.00 9,842.16 73.1%6313776 Seed - 350.00 (350.00) 133,342.90 105,760.00 27,582.90 106,810.00 (26,532.90) -24.8%6313778 Small Tools & Non-Capital Equip 955.68 100.00 855.68 5,381.75 4,700.00 681.75 5,000.00 (381.75) -7.6%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 & MATERIALS13,124.67 12,200.00 924.67 352,259.14 356,990.00 (4,730.86) 392,840.00 40,580.86 10.3%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 25,470.00 23,400.00 2,070.00 31,200.00 5,730.00 18.4%6315685 CM-R&M-Bldngs & Othr Structures 98.27 250.00 (151.73) 2,281.87 4,800.00 (2,518.13) 5,550.00 3,268.13 58.9%6315690 CM-R&M-Equipment 3,633.84 2,000.00 1,633.84 42,114.68 33,000.00 9,114.68 40,000.00 (2,114.68) -5.3%6315692 CM-R&M-Irrigation System 1,288.04 1,000.00 288.04 15,434.80 16,050.00 (615.20) 19,050.00 3,615.20 19.0%6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 4,313.91 9,000.00 (4,686.09) 10,500.00 6,186.09 58.9%6315815 CM-R&M-Trees-Pruning Etc 2,000.00 2,000.00 - 11,045.00 8,050.00 2,995.00 12,050.00 1,005.00 8.3%Total-CM-REPAIRS & MAINTENANCE 9,850.15 8,850.00 1,000.15 100,660.26 94,300.00 6,360.26 118,350.00 17,689.74 14.9%63-CM-UTILTIES6317836 Utilities-Natural Gas/LPG 27.98 15.00 12.98 187.51 135.00 52.51 180.00 (7.51) 0.0%6317840 Telephones 483.46 850.00 (366.54) 8,032.69 7,650.00 382.69 10,200.00 2,167.31 21.2%Total-CM-UTILITIES 511.44 865.00 (353.56) 8,220.20 7,785.00 435.20 10,380.00 2,159.80 20.8%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 500.00 500.00 - 4,500.00 4,500.00 - 6,000.00 1,500.00 25.0%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 1,019.96 524.00 495.96 7,949.80 4,716.00 3,233.80 6,288.00 (1,661.80) 0.0%6319150 Dues & Subscriptions 210.00 - 210.00 1,210.00 240.00 970.00 540.00 (670.00) -124.1%6319170 Employee Education - 50.00 (50.00) 69.00 1,400.00 (1,331.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental - 200.00 (200.00) 729.52 2,900.00 (2,170.48) 3,400.00 2,670.48 78.5%6319206 Licenses & Permits - 1,000.00 (1,000.00) - 1,280.00 (1,280.00) 4,180.00 4,180.00 100.0%6319490 Miscellaneous 14.66 100.00 (85.34) 241.88 900.00 (658.12) 1,200.00 958.12 79.8%6319718 Safety Equipment & Training 266.54 200.00 66.54 3,694.86 3,550.00 144.86 3,850.00 155.14 4.0%6319822 Uniforms 881.95 920.00 (38.05) 9,913.42 8,280.00 1,633.42 11,040.00 1,126.58 10.2%Total-CM-OTHER EXPENSES 2,893.11 3,494.00 (600.89) 30,308.48 29,766.00 542.48 42,048.00 11,739.52 27.9%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementMarch 2014Annual Budget5 March 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) 16,346.47 23,832.00 (7,485.53) 31,776.00 15,429.53 48.6%6321325 Insurance-Workers Comp 402.41 516.00 (113.59) 4,207.72 4,787.00 (579.28) 6,361.00 2,153.28 33.9%6321800 Taxes-Employer Payroll 2,220.58 1,449.00 771.58 13,315.60 13,639.00 (323.40) 18,094.00 4,778.40 26.4%6321880 Wages-Hourly 14,710.50 12,880.00 1,830.50 117,255.00 115,920.00 1,335.00 154,560.00 37,305.00 24.1%6321882 Wages-Overtime - - - 4,966.95 5,313.00 (346.05) 6,279.00 1,312.05 20.9%Total-CM-LM-SALARIES & BENEFITS19,201.54 17,493.00 1,708.54 156,091.74 163,491.00 (7,399.26) 217,070.00 60,978.26 28.1%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) 92.04 800.00 (707.96) 1,025.00 932.96 91.0%6323788 Uniforms 133.91 290.00 (156.09) 2,137.28 2,610.00 (472.72) 3,480.00 1,342.72 38.6%Total-CM-LM-SUPPLIES & MATERIALS133.91 365.00 (231.09) 2,229.32 3,410.00 (1,180.68) 4,505.00 2,275.68 50.5%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) 900.00 3,250.00 (2,350.00) 4,250.00 3,350.00 78.8%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) 900.00 3,250.00 (2,350.00) 4,250.00 3,350.00 78.8%123,981.64 115,720.00 8,261.64 1,339,216.87 1,333,998.00 5,218.87 2,381,327.00 1,042,110.13 43.8% March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 13,569.48 14,005.00 (435.52) 110,054.38 116,347.00 (6,292.62) 178,291.00 68,236.62 38.3%6337842 Utilities-Water4,309.28 1,550.00 2,759.28 38,435.64 34,023.00 4,412.64 45,338.00 6,902.36 15.2%17,878.76 15,555.00 2,323.76 148,490.02 150,370.00 (1,879.98) 223,629.00 75,138.98 33.6%March 2014Annual BudgetMonth to Date Year to DateTotal-COURSE MAINTENANCESilverrock ResortCourse Maintenance Expense StatementSilverrock ResortCourse Maintenance Water & EnergyMarch 2014Total-CM-WATER & ENERGYMonth to Date Year to Date Annual Budget6 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group - 662.00 (662.00) 737.24 5,958.00 (5,220.76) 7,944.00 7,206.76 90.7%6411325 Insurance-Workers Comp 382.42 550.00 (167.58) 5,366.62 3,809.00 1,557.62 5,092.00 (274.62) -5.4%6411800 Taxes-Employer Payroll 1,974.76 1,707.00 267.76 11,510.79 11,824.00 (313.21) 15,809.00 4,298.21 27.2%6411880 Wages-Hourly 13,824.38 13,710.00 114.38 86,054.11 94,972.00 (8,917.89) 126,982.00 40,927.89 32.2%6411882 Wages-Overtime 141.00 - 141.00 1,091.07 - 1,091.07 - (1,091.07) 0.0%Total-CBR-SALARIES & BENEFITS16,322.56 16,629.00 (306.44) 104,759.83 116,563.00 (11,803.17) 155,827.00 51,067.17 32.8%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 50.00 (50.00) 889.46 1,700.00 (810.54) 1,850.00 960.54 51.9%6413742 Supplies-Expendable 1,105.38 150.00 955.38 7,608.20 5,600.00 2,008.20 6,750.00 (858.20) -12.7%6413748 Supplies-Fuel for Shuttle 502.98 450.00 52.98 2,400.19 2,250.00 150.19 3,000.00 599.81 20.0%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) - 375.00 (375.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - 70.00 (70.00) 39.83 210.00 (170.17) 420.00 380.17 90.5%6413786 Supplies-Towels 480.00 250.00 230.00 2,880.00 1,610.00 1,270.00 2,182.00 (698.00) -32.0%6413796 Supplies-Bottled Water- 50.00 (50.00) 8,083.47 8,400.00 (316.53) 16,500.00 8,416.53 51.0%Total-CBR-SUPPLIES & MATERIALS2,088.36 1,070.00 1,018.36 31,071.15 29,145.00 1,926.15 40,227.00 9,155.85 22.8%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) 1,030.60 2,700.00 (1,669.40) 3,600.00 2,569.40 71.4%6415695 CBR-R&M-Cart Maintenance & Repair 410.00 500.00 (90.00) 2,295.88 4,950.00 (2,654.12) 6,450.00 4,154.12 64.4%Total-CBR-REPAIRS & MAINTENANCE 410.00 800.00 (390.00) 3,326.48 7,650.00 (4,323.52) 10,050.00 6,723.52 66.9%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen 1,235.35 800.00 435.35 7,208.97 7,200.00 8.97 9,600.00 2,391.03 24.9%6419220 Freight/Delivery - - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous 72.93 125.00 (52.07) 340.84 775.00 (434.16) 1,150.00 809.16 70.4%6419820 Uniforms - 500.00 (500.00) 2,780.47 3,500.00 (719.53) 5,200.00 2,419.53 46.5%Total-CBR-OTHER EXPENSES 1,308.28 1,425.00 (116.72) 10,330.28 11,925.00 (1,594.72) 16,400.00 6,069.72 37.0%TOTAL-CARTS,BAGROOM & RANGE 20,129.20 19,924.00 205.20 149,487.74 165,283.00 (15,795.26) 222,504.00 73,016.26 32.8%643-CS-SALARIES & BENEFITS6431320 Insurance-Group - - - - - - - - 0.0%6431325 Insurance-Workers Comp 133.75 247.00 (113.25) 2,464.87 1,534.00 930.87 1,903.00 (561.87) -29.5%6431800 Taxes-Employer Payroll 950.89 693.00 257.89 4,711.48 4,302.00 409.48 5,339.00 627.52 11.8%6431880 Wages-Hourly 6,872.00 6,160.00 712.00 35,383.38 38,220.00 (2,836.62) 47,460.00 12,076.62 25.4%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS7,956.64 7,100.00 856.64 42,559.73 44,056.00 (1,496.27) 54,702.00 12,142.27 22.2%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 145.86 800.00 (654.14) 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) - 450.00 (450.00) 600.00 600.00 100.0%6439820 Uniforms - 75.00 (75.00) 2,191.59 1,575.00 616.59 2,125.00 (66.59) -3.1%Total-CS-OTHER EXPENSES - 225.00 (225.00) 2,605.78 3,025.00 (419.22) 3,975.00 1,369.22 34.4%Total-COURSE SERVICES 7,956.64 7,325.00 631.64 45,165.51 47,081.00 (1,915.49) 58,677.00 13,511.49 23.0%28,085.84 27,249.00 836.84 194,653.25 212,364.00 (17,710.75) 281,181.00 85,158.53 30.3%TOTAL OUTSIDE SERVICESMonth to Date Year to DateSilverRock ResortOutside Services Expense StatementMarch 2014Annual Budget7 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable2,750.44 400.00 2,350.44 2,750.44 3,600.00 (849.56) 4,800.00 2,049.56 42.7%Total-CH-SUPPLIES & MATERIALS 2,750.44 400.00 2,350.44 2,750.44 3,600.00 (849.56) 4,800.00 2,049.56 42.7%65-CH-UTILITIES6507836 Utilities-Natural Gas1,564.33 300.00 1,264.33 4,330.35 2,700.00 1,630.35 3,600.00 (730.35) -20.3%6507840 Utilities-Telephone- 1,150.00 (1,150.00) 11,139.99 10,350.00 789.99 13,800.00 2,660.01 19.3%6507842 Utilities-Water987.33 321.00 666.33 6,689.48 2,889.00 3,800.48 3,852.00 (2,837.48) -73.7%6507844 Utilities-Cable460.13 340.00 120.13 3,872.09 3,060.00 812.09 4,080.00 207.91 5.1%Total-CH-UTILITIES 3,011.79 2,111.00 900.79 26,031.91 18,999.00 7,032.91 25,332.00 (699.91) -2.8%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,825.00 1,825.00 - 16,755.00 17,025.00 (270.00) 22,500.00 5,745.00 25.5%6509099 Contract Services-Security5,177.97 4,900.00 277.97 47,287.11 45,700.00 1,587.11 60,400.00 13,112.89 21.7%6509215 Flowers & Decorations- 500.00 (500.00) 317.50 1,500.00 (1,182.50) 1,900.00 1,582.50 83.3%6509490 Miscellaneous- 200.00 (200.00) 778.44 1,800.00 (1,021.56) 2,400.00 1,621.56 67.6%6509718 Safety Equipment & Training- 100.00 (100.00) 386.04 900.00 (513.96) 1,200.00 813.96 67.8%Total-CH-OTHER EXPENSES 7,002.97 7,525.00 (522.03) 65,524.09 66,925.00 (1,400.91) 88,400.00 22,875.91 25.9%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures304.58 300.00 4.58 3,587.64 2,700.00 887.64 3,600.00 12.36 0.3%6515686 CH-R&M-Restaurant Repairs2,203.13 400.00 1,803.13 3,213.13 3,600.00 (386.87) 4,800.00 1,586.87 33.1%6515690 CH-R&M-Equipment Repair125.50 400.00 (274.50) 2,530.10 3,600.00 (1,069.90) 4,800.00 2,269.90 47.3%Total-CH-REPAIRS & MAINTENANCE 2,633.21 1,100.00 1,533.21 9,330.87 9,900.00 (569.13) 13,200.00 3,869.13 29.3%15,398.41 11,136.00 4,262.41 103,637.31 99,424.00 4,213.31 131,732.00 7,738.26 5.9%Total CLUBHOUSEMonth to Date Year to DateSilverRock ResortClubhouse Expense StatementMarch 2014Annual Budget8 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 373.61 331.00 42.61 3,212.54 2,979.00 233.54 3,972.00 759.46 19.1%6601325 Insurance-Workers Comp 101.49 101.00 0.49 867.88 909.00 (41.12) 1,207.00 339.12 28.1%6601720 Salaries 2,728.28 2,508.00 220.28 20,125.58 22,572.00 (2,446.42) 30,096.00 9,970.42 33.1%6601800 Taxes-Employer Payroll 420.94 282.00 138.94 2,609.24 2,538.00 71.24 3,386.00 776.76 22.9%Total-MKT-SALARIES & BENEFITS 3,624.32 3,222.00 402.32 26,815.24 28,998.00 (2,182.76) 38,661.00 11,845.76 30.6%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 749.87 900.00 (150.13) 1,200.00 450.13 37.5%6603768 Supplies-Printing & Stationery 284.61 125.00 159.61 5,604.24 4,050.00 1,554.24 4,425.00 (1,179.24) -26.6%284.61 225.00 59.61 6,354.11 4,950.00 1,404.11 5,625.00 (729.11) -13.0%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 519.73 900.00 (380.27) 1,200.00 680.27 56.7%Total-MKT-UTILITIES 58.08 100.00 (41.92) 519.73 900.00 (380.27) 1,200.00 680.27 56.7%66-MKT-OTHER EXPENSES6609010 Advertising 16,806.87 19,680.00 (2,873.13) 137,597.29 147,427.00 (9,829.71) 179,231.00 41,633.71 23.2%6609040 Business Meals - - - - - - 300.00 300.00 100.0%6609080 Collateral Material 583.85 500.00 83.85 7,217.47 3,000.00 4,217.47 5,500.00 (1,717.47) -31.2%6609102 Contract Services-Web Page - 150.00 (150.00) 693.00 1,350.00 (657.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous 75.78 50.00 25.78 75.78 250.00 (174.22) 350.00 274.22 78.3%6609620 Postage - 50.00 (50.00) - 450.00 (450.00) 600.00 600.00 100.0%6609630 Promotion - 25.00 (25.00) - 225.00 (225.00) 2,000.00 2,000.00 0.0%6609633 Promotion-Community - 125.00 (125.00) 1,728.09 2,575.00 (846.91) 2,250.00 521.91 23.2%6609634 Promotion-Media/Vendor 1,398.82 - 1,398.82 1,937.77 2,000.00 (62.23) 700.00 (1,237.77) -176.8%6609150 Dues and Subscriptions 110.00 300.00 (190.00) 110.00 735.00 (625.00) 735.00 625.00 85.0%6609820 Uniforms 151.20 50.00 101.20 1,085.34 550.00 535.34 600.00 (485.34) -80.9%Total-MKT-OTHER EXPENSES 19,126.52 20,930.00 (1,803.48) 150,444.74 158,562.00 (8,117.26) 194,066.00 43,621.26 22.5%23,093.53 24,477.00 (1,383.47) 184,133.82 193,410.00 (9,276.18) 239,552.00 55,418.18 23.1%Total-MARKETINGMonth to Date Year to DateSilverRock ResortMarketing Expense StatementMarch 2014Annual Budget9 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,332.83 1,458.00 (125.17) 13,893.62 13,122.00 771.62 17,496.00 3,602.38 20.6%6701325 Insurance-Workers Comp707.13 708.00 (0.87) 4,439.24 6,372.00 (1,932.76) 8,493.00 4,053.76 47.7%6701720 Salaries 14,828.00 15,050.00 (222.00) 130,224.15 135,450.00 (5,225.85) 183,961.00 53,736.85 29.2%6701800 Taxes-Employer Payroll 1,800.58 1,986.00 (185.42) 14,572.28 17,874.00 (3,301.72) 23,827.00 9,254.72 38.8%6701880 Wages-Hourly2,771.13 2,600.00 171.13 22,274.52 23,400.00 (1,125.48) 27,835.00 5,560.48 20.0%6701882 Wages-Overtime - - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 21,439.67 21,802.00 (362.33) 185,403.81 196,218.00 (10,814.19) 261,612.00 76,208.19 29.1%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 500.00 (500.00) 2,372.16 4,500.00 (2,127.84) 6,300.00 3,927.84 62.3%6703762 Supplies-Office 66.60 150.00 (83.40) 1,095.88 1,350.00 (254.12) 1,800.00 704.12 39.1%6703768 Supplies-Printing & Stationery671.88 400.00 271.88 1,617.69 2,100.00 (482.31) 3,300.00 1,682.31 51.0%Total-G&A-SUPPLIES & MATERIALS 738.48 1,050.00 (311.52) 5,085.73 7,950.00 (2,864.27) 11,400.00 6,314.27 55.4%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 559.75 1,600.00 (1,040.25) 1,900.00 1,340.25 70.5%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 559.75 1,600.00 (1,040.25) 1,900.00 1,340.25 70.5%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 3,600.00 3,600.00 - 4,800.00 1,200.00 25.0%6709150 Dues & Subscriptions355.00 50.00 305.00 817.00 1,100.00 (283.00) 1,700.00 883.00 51.9%6709180 Employee Recruiting/Relocation90.00 200.00 (110.00) 917.84 1,400.00 (482.16) 1,400.00 482.16 34.4%6709197 Equipment Rental556.70 550.00 6.70 5,370.15 4,950.00 420.15 6,600.00 1,229.85 18.6%6709202 Fees-Bank245.39 90.00 155.39 1,440.24 810.00 630.24 1,080.00 (360.24) -33.4%6709208 Fees-Payroll Processing1,251.64 1,200.00 51.64 11,966.07 10,800.00 1,166.07 14,400.00 2,433.93 16.9%6709220 Freight/Delivery- 50.00 (50.00) - 450.00 (450.00) 600.00 600.00 100.0%6709490 Miscellaneous 12.95 100.00 (87.05) 113.61 900.00 (786.39) 1,200.00 1,086.39 90.5%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services 147.00 75.00 72.00 970.75 675.00 295.75 900.00 (70.75) -7.9%6709625 Professional Fees857.25 850.00 7.25 9,760.73 7,650.00 2,110.73 10,200.00 439.27 4.3%6709636 Promotion/Entertainment- 100.00 (100.00) 2,880.00 900.00 1,980.00 1,200.00 (1,680.00) -140.0%6709722 Seminars & Training- 200.00 (200.00) 967.61 1,800.00 (832.39) 2,400.00 1,432.39 59.7%6709810 Travel - - - - 200.00 (200.00) 1,100.00 1,100.00 100.0%6709820 Uniforms 64.47 75.00 (10.53) 682.17 825.00 (142.83) 1,050.00 367.83 35.0%Total-G&A-OTHER EXPENSES 3,980.40 3,940.00 40.40 39,486.17 36,060.00 3,426.17 48,630.00 9,143.83 18.8%26,158.55 26,892.00 (733.45) 230,535.46 241,828.00 (11,292.54) 323,542.00 93,006.54 28.7%Total-GENERAL & ADMINISTRATIVEMonth to Date Year to DateSilverRock ResortGeneral & Administrative Expense StatementMarch 2014Annual Budget10 March Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts 10,363.45 12,075.00 (1,711.55) 85,217.14 108,675.00 (23,457.86) 144,900.00 59,682.86 41.2%6800194 Equipment Leases-Trailer 772.61 600.00 172.61 4,866.10 5,400.00 (533.90) 7,200.00 2,333.90 32.4%6800196 Equipment Leases-GPS 4,860.00 5,755.00 (895.00) 43,589.60 51,795.00 (8,205.40) 69,060.00 25,470.40 36.9%6800197 Equipment Leases-Others 1,271.54 460.00 811.54 10,017.34 4,140.00 5,877.34 5,520.00 (4,497.34) 0.0%17,267.60 18,890.00 (1,622.40) 143,690.18 170,010.00 (26,319.82) 226,680.00 82,989.82 36.6%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 72,000.00 72,000.00 - 96,000.00 24,000.00 25.0%6900210 FF&E Reserve 11,005.60 11,453.00 (447.40) 47,543.32 47,346.00 197.32 65,885.00 18,341.68 27.8%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 28,692.52 19,800.00 8,892.52 26,400.00 (2,292.52) -8.7%22,085.87 21,653.00 432.87 156,521.20 153,946.00 2,575.20 203,085.00 46,563.80 22.9%Silverrock ResortOperating Leases & Miscellaneous Other Expense StatementMarch 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 CategoryJanuaryFebruaryMarchAprilMayJuneMedia24Sales2Promotion16Golf Industry36VIPCelebrityPGA Comp26 2926Charity/Gift Certificate5Rain/Wind Checks151Club Staff75 5172LQ HS Golf91267134 103 175 0 0 012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2012-2013March 2014 Date Time Description CategoryPlayers3/10/2014 10:07 Kris Long Media 413