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01 July 2014 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2014 – July 2014 Sales and Cost of Sales Actual Budget Variance $4,036.90 $7,025.00 (2,988.10) Unfavorable: Due to reduction in sales of Resident Cards as a result of canal re-alignment project. Expenses Actual Budget Variance $11,059.63 $13,940.00 (2,880.37) Favorable: Due to reduced salaries and benefits in an effort to reduce payroll. Also, reduced cost of seminars and training, and miscellaneous expenses. Actual Budget Variance $104,795.73 $118,918.00 (14,122.27) Favorable: Due to reduced salaries and benefits, fertilizer, hericide and lower expenses for repair and maintenance of irrigation. Actual Budget Variance $19,802.09 25,565.00 (5,762.91) Favorable: Electricity reduced due to reducing water pump run times for the water features. Actual Budget Variance $12,847.15 $16,407.00 (3,559.85) Favorable: Due to reduced salaries and benefits, repair and maintenance of carts due to reduced usage. Actual Budget Variance $11,392.76 $8,514.00 2,878.76 Unfavorable: Due to timing of Wedding Venue subscription. General and Administrative Actual Budget Variance $21,449.06 $24,482.00 (3,032.94) Favorable: Due to reduced salaries and benefits as a result of canal reconstruction, and seminars and training. Variance Explanation July 2014 The explanation of variance from budget shown below provide details of variances by revenue and expense catagories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations are provided for those cost of sales percentage that are greater than 5%. Golf Shop Water & Energy Cartbarn-Course Services Maintenance Misc Golf Revenue Marketing 3-20-13 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 Budget Account Description July Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income 400000 Golf Green Fee Revenue 25,394.50 26,516.00 (1,121.50) -4.2%25,394.50 26,516.00 (1,121.50) 3,043,760.00 3,018,365.50 1% 401000 Miscellaneous Golf Revenue 4,036.90 7,025.00 (2,988.10) -42.5%4,036.90 7,025.00 (2,988.10) 295,315.00 291,278.10 1% 410000 Revenue-Golf Shop 3,814.14 3,060.00 754.14 24.6%3,814.14 3,060.00 754.14 258,680.00 254,865.86 1% 420000 Revenue-F&B Concession 500.00 500.00 - 0.0%500.00 500.00 - 12,000.00 11,500.00 4% 890000 Interest Income 1.50 - 1.50 0.0%1.50 - 1.50 - (1.50) 0% Total Income 33,747.04 37,101.00 (3,353.96) -9.0%33,747.04 37,101.00 (3,353.96) 3,609,755.00 3,576,007.96 1% Cost of Goods Sold 510000 COS-Golf Shop 2,152.53 1,712.80 439.73 -25.7%2,152.53 1,712.80 (439.73) 144,783.40 142,630.87 1% Total COS 2,152.53 1,712.80 439.73 -25.7%2,152.53 1,712.80 (439.73) 144,783.40 142,630.87 1% Gross Profit 31,594.51 35,388.20 (3,793.69) -10.7%31,594.51 35,388.20 (3,793.69) 3,464,971.60 3,433,377.09 1% Expenses 610000 Golf Pro Shop 11,059.63 13,940.00 2,880.37 20.7%11,059.63 13,940.00 2,880.37 204,190.00 193,130.37 5% 630000 Course Maintenance 104,795.73 118,918.00 14,122.27 11.9%104,795.73 118,918.00 14,122.27 1,697,652.00 1,592,856.27 6% 633000 Maintenance Water & Energy 19,802.09 25,565.00 5,762.91 22.5%19,802.09 25,565.00 5,762.91 223,629.00 203,826.91 9% 640000 Outside Services 12,160.32 14,533.00 2,372.68 16.3%12,160.32 14,533.00 2,372.68 285,234.00 273,073.68 4% 650000 Clubhouse 9,075.28 10,636.00 1,560.72 14.7%9,075.28 10,636.00 1,560.72 131,732.00 122,656.72 7% 660000 Marketing 11,392.76 8,514.00 (2,878.76) -33.8%11,392.76 8,514.00 (2,878.76) 239,875.00 228,482.24 5% 670000 General & Administrative 21,449.06 24,482.00 3,032.94 12.4%21,449.06 24,482.00 3,032.94 320,052.00 298,602.94 7% 680000 Leases 15,788.20 16,500.00 711.80 4.3%15,788.20 16,500.00 711.80 246,850.00 231,061.80 6% 690000 Miscellaneous Other Expense 17,065.53 15,930.00 (1,135.53) -7.1%17,065.53 15,930.00 (1,135.53) 198,074.00 181,008.47 9% Total Expenses 222,588.60 249,018.00 26,429.40 10.6%222,588.60 249,018.00 26,429.40 3,547,288.00 3,324,699.40 6% (190,994.09) (213,629.80) 22,635.71 10.6%(190,994.09) (213,629.80) 22,635.71 (82,316.40) 108,677.69 232% Rounds of Golf Played Paid Rounds Played 1,007 900 107 11.9%1,007 900 107 41,100 40,093 2% Ave $ Per Paid Round Green Fee 25.22 29.46 (4.24) -14.4%25.22 29.46 (4.24) 74.06 48.84 34% Ave $ Per Paid Round Merchandise 3.79 3.40 0.39 11.4%3.79 3.40 0.39 6.29 2.51 60% Ave $ Per Paid Miscellaneous 4.01 7.81 (3.80) -48.6%4.01 7.81 (3.80) 7.19 3.18 0% SilverRock Resort Summary Operating Income Statement Net Income Month to Date Year to Date July 2014 Income July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget 4000000 Revenue-Fees 25,394.50 26,516.00 (1,121.50) 25,394.50 26,516.00 (1,121.50) 3,043,760.00 3,018,365.50 1% 4010000 Rider Fee 90.00 90.00 - 90.00 90.00 - 7,230.00 7,140.00 1% 4040000 Club Rental 250.00 450.00 (200.00) 250.00 450.00 (200.00) 20,550.00 20,300.00 1% 4050000 Driving Range 1,855.00 675.00 1,180.00 1,855.00 675.00 1,180.00 86,435.00 84,580.00 2% 4060000 Handicap Fees - - - - - - 2,500.00 2,500.00 0% 4080000 GPS Advertising - 100.00 (100.00) - 100.00 (100.00) 2,600.00 2,600.00 0% 4090000 Ball Retriever/Subcontract 791.90 1,000.00 (208.10) 791.90 1,000.00 (208.10) 4,000.00 3,208.10 20% 4091000 Golf Professional Rental Fee - - - - - - 37,000.00 37,000.00 0% 4092000 Golf Lessons - - - - - - - - 0% 4093000 Resident Card Issue 1,050.00 4,710.00 (3,660.00) 1,050.00 4,710.00 (3,660.00) 135,000.00 133,950.00 1% Total Revenue Fees 29,431.40 33,541.00 (4,109.60) 29,431.40 33,541.00 (4,109.60) 3,204,075.00 3,175,693.60 1% 29,431.40 33,541.00 (4,109.60) 29,431.40 33,541.00 (4,109.60) 3,204,075.00 3,175,693.60 1% SilverRock Resort Statement of Fees Revenue July 2014 Total Income Month to Date Year to Date Annual Budget 2 Income July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget 4100000 Sales Miscellaneous 314.43 - 314.43 314.43 - 314.43 0 0 0% 4100110 Sales Hard Goods 1,664.09 1,071.00 593.09 1,664.09 1,071.00 593.09 90,538.00 88,873.91 2% 4100112 Sales-Soft Goods 2,272.00 1,989.00 283.00 2,272.00 1,989.00 283.00 168,142.00 165,870.00 1% 5100639 GS-Discounts-Mdse (436.38) - (436.38) (436.38) - (436.38) - 436.38 0% Total Revenue Golf Shop 3,814.14 3,060.00 754.14 3,814.14 3,060.00 754.14 258,680.00 255,180.29 1% COS 5100150 COS-GS-Hard Goods 1,295.03 621.18 673.85 1,295.03 621.18 673.85 52,512.04 51,217.01 2% 5100151 COS-GS-Soft Goods 822.49 1,153.62 (331.13) 822.49 1,153.62 (331.13) 97,522.36 96,699.87 1% 5100152 COS-GS-Purchase Disc - (89.00) 89.00 - (89.00) 89.00 (7,502.00) (7,502.00) 0% 5100220 COS-GS-Freight Merch 35.01 27.00 8.01 35.01 27.00 8.01 2,251.00 2,215.99 2% Cost of Sales - Golf Shop 2,152.53 1,712.80 439.73 2,152.53 1,712.80 439.73 144,783.40 142,630.87 1% Gross Profit 1,661.61 1,347.20 314.41 1,661.61 1,347.20 314.41 113,896.60 112,549.42 1% COS %56.4%56.0%-0.5%56.4%56.0%-0.5%53.1%55.9%-5% Expense 61-PS-SALARIES & BENEFITS 6101320 Insurance Group 1,124.32 2,046.00 (921.68) 1,124.32 2,046.00 (921.68) 27,621.00 26,496.68 4% 6101325 Insurance-Workers Comp 314.99 346.00 (31.01) 314.99 346.00 (31.01) 5,062.00 4,747.01 6% 6101720 Salaries 3,545.44 3,750.00 (204.56) 3,545.44 3,750.00 (204.56) 45,000.00 41,454.56 8% 6101800 Taxes-Employer Payroll 1,104.20 1,201.00 (96.80) 1,104.20 1,201.00 (96.80) 17,562.00 16,457.80 6% 6101880 Wages-Hourly 4,863.14 5,487.00 (623.86) 4,863.14 5,487.00 (623.86) 90,070.00 85,206.86 5% 6101882 Wages-Overtime 12.38 - 12.38 12.38 - 12.38 - 952.88 0% Total -PS-SALARIES & BENEFITS 10,964.47 12,830.00 (1,865.53) 10,964.47 12,830.00 (1,865.53) 185,315.00 175,315.79 5% 61-PS OTHER EXPENSES 6103742 Supplies-Expendable - - - - - - - - 0% 6103762 Supplies-Office - 250.00 (250.00) - 250.00 (250.00) 3,000.00 3,000.00 0% 6109220 Freight & Delivery - - - - - - 75.00 75.00 0% 6109490 Miscellaneous - 500.00 (500.00) - 500.00 (500.00) 6,000.00 6,000.00 0% 6109150 Dues and Subscriptions - - - - - - 2,300.00 2,300.00 0% 6109500 ProShop-Over/Short 6.83 - 6.83 6.83 - 6.83 - (6.83) 0% 6109722 Seminars/Training - 150.00 (150.00) - 150.00 (150.00) 3,690.00 3,690.00 0% 6109810 Travel - Merchandise - - - - - - 90.00 90.00 0% 6109820 Uniforms - 100.00 (100.00) - 100.00 (100.00) 2,400.00 2,400.00 0% 6117840 Telephones 88.33 110.00 (21.67) 88.33 110.00 (21.67) 1,320.00 1,231.67 0% Total PS-OTHER EXPENSES 95.16 1,110.00 (1,014.84) 95.16 1,110.00 (1,014.84) 18,875.00 18,779.84 1% 11,059.63 13,940.00 (2,880.37) 11,059.63 13,940.00 (2,880.37) 204,190.00 194,095.63 5% Net Income (9,398.02) (12,592.80) 3,194.78 (9,398.02) (12,592.80) 3,194.78 (90,293.40) (81,546.21) -10% SilverRock Resort Golf Shop Income Statement July 2014 Total Expenses-Golf Shop Month to Date Year to Date Annual Budget 3 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.%Budget Expense 63-CM-SALARIES & BENEFITS 6311320 Insurance-Group 7,625.63 8,990.00 (1,364.37) 7,625.63 8,990.00 (1,364.37) 107,880.00 100,254.37 92.9% 6311325 Insurance-Workers Comp 2,742.65 1,825.00 917.65 2,742.65 1,825.00 917.65 24,794.00 22,051.35 88.9% 6311720 Salaries 10,620.80 11,001.60 (380.80) 10,620.80 11,001.60 (380.80) 132,019.20 121,398.40 92.0% 6311800 Taxes-Employer Payroll 5,508.51 6,327.00 (818.49) 5,508.51 6,327.00 (818.49) 86,638.00 81,129.49 93.6% 6311880 Wages-Hourly 36,602.12 37,670.40 (1,068.28) 36,602.12 37,670.40 (1,068.28) 518,478.80 481,876.68 92.9% 6311882 Wages-Overtime - - - - - - 15,945.00 15,945.00 100.0% Total-CM-SALARIES & BENEFITS 63,099.71 65,814.00 (2,714.29) 63,099.71 65,814.00 (2,714.29) 885,755.00 822,655.29 92.9% 63-CM-SUPPLIES & MATERIALS 6313734 Chemicals 1,922.05 3,000.00 (1,077.95) 1,922.05 3,000.00 (1,077.95) 34,600.00 32,677.95 94.4% 6313744 Fertilizer 7,934.87 9,000.00 (1,065.13) 7,934.87 9,000.00 (1,065.13) 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 4,941.38 5,200.00 (258.62) 4,941.38 5,200.00 (258.62) 55,020.00 50,078.62 91.0% 6313750 Golf Course Accessories 325.69 200.00 125.69 325.69 200.00 125.69 13,000.00 12,674.31 97.5% 6313756 POA Control - - - - - - 7,000.00 7,000.00 100.0% 6313758 Miscellaneous Supp 370.50 750.00 (379.50) 370.50 750.00 (379.50) 4,350.00 3,979.50 0.0% 6313762 Supplies-Office - - - - - - - - 0.0% 6313774 Sand - 390.00 (390.00) - 390.00 (390.00) 13,460.00 13,460.00 100.0% 6313776 Seed - 350.00 (350.00) - 350.00 (350.00) 125,900.00 125,900.00 100.0% 6313778 Small Tools & Non-Capital Equip - 100.00 (100.00) - 100.00 (100.00) 5,000.00 5,000.00 100.0% 6313780 Sod - 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 10,450.00 10,450.00 100.0% 6313782 Topdressing - - - - - - 10,600.00 10,600.00 100.0% Total-CM-SUPPLIES & MATERIALS 15,494.49 19,990.00 (4,495.51) 15,494.49 19,990.00 (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 2,830.00 2,600.00 230.00 31,200.00 28,370.00 90.9% 6315685 CM-R&M-Bldngs & Othr Structures 578.29 1,250.00 (671.71) 578.29 1,250.00 (671.71) 5,550.00 4,971.71 89.6% 6315690 CM-R&M-Equipment 3,588.14 2,000.00 1,588.14 3,588.14 2,000.00 1,588.14 40,000.00 36,411.86 91.0% 6315692 CM-R&M-Irrigation System 977.02 4,400.00 (3,422.98) 977.02 4,400.00 (3,422.98) 19,050.00 18,072.98 94.9% 6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 10,500.00 10,500.00 100.0% 6315815 CM-R&M-Trees-Pruning Etc - - - - - - 12,050.00 12,050.00 100.0% Total-CM-REPAIRS & MAINTENANCE 7,973.45 11,250.00 (3,276.55) 7,973.45 11,250.00 (3,276.55) 118,350.00 110,376.55 93.3% 63-CM-UTILTIES 6317836 Utilities-Natural Gas/LPG 22.38 15.00 7.38 22.38 15.00 7.38 180.00 157.62 0.0% 6317840 Telephones 1,209.97 850.00 359.97 1,209.97 850.00 359.97 10,200.00 8,990.03 88.1% Total-CM-UTILITIES 1,232.35 865.00 367.35 1,232.35 865.00 367.35 10,380.00 9,147.65 88.1% 63-CM-OTHER EXPENSES 6319020 Auto Mileage/Allowance 500.00 500.00 - 500.00 500.00 - 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 - 524.00 (524.00) - 524.00 (524.00) 6,288.00 6,288.00 0.0% 6319150 Dues & Subscriptions - - - - - - 540.00 540.00 100.0% 6319170 Employee Education - 50.00 (50.00) - 50.00 (50.00) 1,550.00 1,550.00 100.0% 6319197 Equipment Rental - 200.00 (200.00) - 200.00 (200.00) 3,400.00 3,400.00 100.0% 6319206 Licenses & Permits 10.00 100.00 (90.00) 10.00 100.00 (90.00) 4,180.00 4,170.00 99.8% 6319490 Miscellaneous 119.52 100.00 19.52 119.52 100.00 19.52 1,200.00 1,080.48 90.0% 6319718 Safety Equipment & Training - 200.00 (200.00) - 200.00 (200.00) 3,850.00 3,850.00 100.0% 6319822 Uniforms 472.86 920.00 (447.14) 472.86 920.00 (447.14) 11,040.00 10,567.14 95.7% Total-CM-OTHER EXPENSES 1,102.38 2,594.00 (1,491.62) 1,102.38 2,594.00 (1,491.62) 42,048.00 40,945.62 97.4% SilverRock Resort Course Maintenance Expense Statement July 2014 Annual BudgetMonth to Date Year to Date 4 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.%Budget 632-CM-LANDSCAPE MAINTENANCE 632-CM-LM-SALARIES & BENEFITS 6321320 Insurance-Group 1,868.05 2,728.00 (859.95) 1,868.05 2,728.00 (859.95) 32,736.00 30,867.95 94.3% 6321325 Insurance-Workers Comp 402.41 483.00 (80.59) 402.41 483.00 (80.59) 5,953.00 5,550.59 93.2% 6321800 Taxes-Employer Payroll 1,442.71 1,674.00 (231.29) 1,442.71 1,674.00 (231.29) 20,906.00 19,463.29 93.1% 6321880 Wages-Hourly 12,079.00 12,880.00 (801.00) 12,079.00 12,880.00 (801.00) 154,560.00 142,481.00 92.2% 6321882 Wages-Overtime 8.06 - 8.06 8.06 - 8.06 6,279.00 6,270.94 99.9% Total-CM-LM-SALARIES & BENEFITS 15,800.23 17,765.00 (1,964.77) 15,800.23 17,765.00 (1,964.77) 220,434.00 204,633.77 92.8% 632-CM-LM-SUPPLIES & MATERIALS 6323778 Small Tools - 100.00 (100.00) - 100.00 (100.00) 1,025.00 1,025.00 100.0% 6323788 Uniforms 93.12 290.00 (196.88) 93.12 290.00 (196.88) 3,480.00 3,386.88 97.3% Total-CM-LM-SUPPLIES & MATERIALS 93.12 390.00 (296.88) 93.12 390.00 (296.88) 4,505.00 4,411.88 97.9% 632-CM-LM-REPAIRS & MAINTENANCE 6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) - 250.00 (250.00) 4,250.00 4,250.00 100.0% Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) - 250.00 (250.00) 4,250.00 4,250.00 100.0% 104,795.73 118,918.00 (14,122.27) 104,795.73 118,918.00 (14,122.27) 1,697,652.00 1,592,856.27 93.8% July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.%Budget 633-CM-WATER & ENERGY 6337834 Utilities-Electricity-Pumping 13,110.01 18,565.00 (5,454.99) 13,110.01 18,565.00 (5,454.99) 178,291.00 165,180.99 92.6% 6337842 Utilities-Water 6,692.08 7,000.00 (307.92) 6,692.08 7,000.00 (307.92) 45,338.00 38,645.92 85.2% 19,802.09 25,565.00 (5,762.91) 19,802.09 25,565.00 (5,762.91) 223,629.00 203,826.91 91.1% Silverrock Resort Course Maintenance Water & Energy July 2014 Total-CM-WATER & ENERGY Month to Date Year to Date Annual Budget Silverrock Resort Annual BudgetMonth to Date Year to Date Total-COURSE MAINTENANCE Course Maintenance Expense Statement July 2014 5 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget Expense 641-CBR-SALARIES & BENEFITS 6411320 Insurance-Group - 682.00 (682.00) - 682.00 (682.00) 8,184.00 8,184.00 100.0% 6411325 Insurance-Workers Comp 286.85 258.00 28.85 286.85 258.00 28.85 4,976.00 4,689.15 94.2% 6411800 Taxes-Employer Payroll 541.00 857.00 (316.00) 541.00 857.00 (316.00) 16,514.00 15,973.00 96.7% 6411880 Wages-Hourly 6,606.00 6,885.00 (279.00) 6,606.00 6,885.00 (279.00) 132,655.00 126,049.00 95.0% 6411882 Wages-Overtime 12.00 - 12.00 12.00 - 12.00 - (12.00) 0.0% Total-CBR-SALARIES & BENEFITS 7,445.85 8,682.00 (1,236.15) 7,445.85 8,682.00 (1,236.15) 162,329.00 154,883.15 95.4% 641-CBR-SUPPLIES & MATERIALS 6413732 Supplies-Carts - - - - - - 1,850.00 1,850.00 100.0% 6413742 Supplies-Expendable 991.50 600.00 391.50 991.50 600.00 391.50 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) - 25.00 (25.00) 525.00 525.00 100.0% 6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0% 6413786 Supplies-Towels 320.00 120.00 200.00 320.00 120.00 200.00 2,182.00 1,862.00 85.3% 6413796 Supplies-Bottled Water 108.00 50.00 58.00 108.00 50.00 58.00 8,550.00 8,442.00 98.7% Total-CBR-SUPPLIES & MATERIALS 1,419.50 795.00 624.50 1,419.50 795.00 624.50 32,277.00 30,857.50 95.6% 641-CBR-REPAIRS & MAINTENANCE 6415690 CBR-R&M-Equipment 54.41 300.00 (245.59) 54.41 300.00 (245.59) 3,600.00 3,545.59 98.5% 6415695 CBR-R&M-Cart Maintenance & Repair - 500.00 (500.00) - 500.00 (500.00) 6,450.00 6,450.00 100.0% Total-CBR-REPAIRS & MAINTENANCE 54.41 800.00 (745.59) 54.41 800.00 (745.59) 10,050.00 9,995.59 99.5% 641-CBR-OTHER EXPENSES 6419094 Contract Services-Laundry/Linen 298.11 800.00 (501.89) 298.11 800.00 (501.89) 9,600.00 9,301.89 96.9% 6419220 Freight/Delivery - 75.00 (75.00) - 75.00 (75.00) 450.00 450.00 100.0% 6419490 Miscellaneous - 125.00 (125.00) - 125.00 (125.00) 1,150.00 1,150.00 100.0% 6419820 Uniforms - - - - - - 5,200.00 5,200.00 100.0% Total-CBR-OTHER EXPENSES 298.11 1,000.00 (701.89) 298.11 1,000.00 (701.89) 16,400.00 16,101.89 98.2% TOTAL-CARTS,BAGROOM & RANGE 9,217.87 11,277.00 (2,059.13) 9,217.87 11,277.00 (2,059.13) 221,056.00 211,838.13 95.8% 643-CS-SALARIES & BENEFITS 6431320 Insurance-Group - - - - - - - - 0.0% 6431325 Insurance-Workers Comp 133.75 99.00 34.75 133.75 99.00 34.75 1,933.00 1,799.25 93.1% 6431800 Taxes-Employer Payroll 224.70 343.00 (118.30) 224.70 343.00 (118.30) 6,703.00 6,478.30 96.6% 6431880 Wages-Hourly 2,584.00 2,639.00 (55.00) 2,584.00 2,639.00 (55.00) 51,567.00 48,983.00 95.0% 6431882 Wages-Overtime - - - - - - - - 0.0% Total-CS-SALARIES & BENEFITS 2,942.45 3,081.00 (138.55) 2,942.45 3,081.00 (138.55) 60,203.00 57,260.55 95.1% 643-CS-OTHER EXPENSES 6433742 Supplies Expendable - 50.00 (50.00) - 50.00 (50.00) 1,050.00 1,050.00 100.0% 6439490 Miscellaneous - - - - - - 200.00 200.00 100.0% 6439718 Safety Equipment & Training - 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0% 6439820 Uniforms - 75.00 (75.00) - 75.00 (75.00) 2,125.00 2,125.00 100.0% Total-CS-OTHER EXPENSES - 175.00 (175.00) - 175.00 (175.00) 3,975.00 3,975.00 100.0% Total-COURSE SERVICES 2,942.45 3,256.00 (313.55) 2,942.45 3,256.00 (313.55) 64,178.00 61,235.55 95.4% 12,160.32 14,533.00 (2,372.68) 12,160.32 14,533.00 (2,372.68) 285,234.00 269,098.68 94.3%TOTAL OUTSIDE SERVICES Month to Date Year to Date SilverRock Resort Outside Services Expense Statement July 2014 Annual Budget 6 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.%Budget Expense 65-CH-SUPPLIES & MATERIALS 6503742 Supplies-Expendable 396.50 400.00 (3.50) 396.50 400.00 (3.50) 4,800.00 4,403.50 91.7% Total-CH-SUPPLIES & MATERIALS 396.50 400.00 (3.50) 396.50 400.00 (3.50) 4,800.00 4,403.50 91.7% 65-CH-UTILITIES 6507836 Utilities-Natural Gas 331.51 300.00 31.51 331.51 300.00 31.51 3,600.00 3,268.49 90.8% 6507840 Utilities-Telephone 355.46 1,150.00 (794.54) 355.46 1,150.00 (794.54) 13,800.00 13,444.54 97.4% 6507842 Utilities-Water 396.18 321.00 75.18 396.18 321.00 75.18 3,852.00 3,455.82 89.7% 6507844 Utilities-Cable 457.31 340.00 117.31 457.31 340.00 117.31 4,080.00 3,622.69 88.8% Total-CH-UTILITIES 1,540.46 2,111.00 (570.54) 1,540.46 2,111.00 (570.54) 25,332.00 23,791.54 93.9% 65-CH-OTHER EXPENSES 6509091 Contract Services-Cleaning 1,825.00 1,825.00 - 1,825.00 1,825.00 - 22,500.00 20,675.00 91.9% 6509099 Contract Services-Security 4,959.24 4,900.00 59.24 4,959.24 4,900.00 59.24 60,400.00 55,440.76 91.8% 6509215 Flowers & Decorations - - - - - - 1,900.00 1,900.00 100.0% 6509490 Miscellaneous 49.50 200.00 (150.50) 49.50 200.00 (150.50) 2,400.00 2,350.50 97.9% 6509718 Safety Equipment & Training - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0% Total-CH-OTHER EXPENSES 6,833.74 7,025.00 (191.26) 6,833.74 7,025.00 (191.26) 88,400.00 81,566.26 92.3% 65-CH-REPAIRS & MAINTENANCE 6515685 CH-R&M-Building Structures 304.58 300.00 4.58 304.58 300.00 4.58 3,600.00 3,295.42 91.5% 6515686 CH-R&M-Restaurant Repairs - 400.00 (400.00) - 400.00 (400.00) 4,800.00 4,800.00 100.0% 6515690 CH-R&M-Equipment Repair - 400.00 (400.00) - 400.00 (400.00) 4,800.00 4,800.00 100.0% Total-CH-REPAIRS & MAINTENANCE 304.58 1,100.00 (795.42) 304.58 1,100.00 (795.42) 13,200.00 12,895.42 97.7% 9,075.28 10,636.00 (1,560.72) 9,075.28 10,636.00 (1,560.72) 131,732.00 25,790.84 19.6%Total CLUBHOUSE Month to Date Year to Date SilverRock Resort Clubhouse Expense Statement July 2014 Annual Budget 7 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget Expense 66-MKT-SALARIES & BENEFITS 6601320 Insurance-Group 373.61 341.00 32.61 373.61 341.00 32.61 4,092.00 3,718.39 90.9% 6601325 Insurance-Workers Comp 101.49 94.00 7.49 101.49 94.00 7.49 1,128.00 1,026.51 91.0% 6601720 Salaries 1,899.73 2,508.00 (608.27) 1,899.73 2,508.00 (608.27) 30,096.00 28,196.27 93.7% 6601800 Taxes-Employer Payroll 150.21 326.00 (175.79) 150.21 326.00 (175.79) 3,912.00 3,761.79 96.2% Total-MKT-SALARIES & BENEFITS 2,525.04 3,269.00 (743.96) 2,525.04 3,269.00 (743.96) 39,228.00 36,702.96 93.6% 66-MKT-SUPPLIES & MATERIALS 6603762 Supplies-Office - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0% 6603768 Supplies-Printing & Stationery 278.83 - 278.83 278.83 - 278.83 4,425.00 4,146.17 93.7% 278.83 100.00 178.83 278.83 100.00 178.83 5,625.00 5,346.17 95.0% 66-MKT-UTILITIES 6607840 Utilities-Telephone 58.08 100.00 (41.92) 58.08 100.00 (41.92) 1,200.00 1,141.92 95.2% Total-MKT-UTILITIES 58.08 100.00 (41.92) 58.08 100.00 (41.92) 1,200.00 1,141.92 95.2% 66-MKT-OTHER EXPENSES 6609010 Advertising 8,431.81 4,745.00 3,686.81 8,431.81 4,745.00 3,686.81 178,987.00 170,555.19 95.3% 6609040 Business Meals - 25.00 (25.00) - 25.00 (25.00) 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) 99.00 150.00 (51.00) 1,800.00 1,701.00 94.5% 6609490 Miscellaneous - - - - - - 350.00 350.00 100.0% 6609620 Postage - 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0% 6609630 Promotion - - - - - - 700.00 700.00 0.0% 6609633 Promotion-Community - 75.00 (75.00) - 75.00 (75.00) 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 8,530.81 5,045.00 3,485.81 8,530.81 5,045.00 3,485.81 193,822.00 185,291.19 95.6% 11,392.76 8,514.00 2,878.76 11,392.76 8,514.00 2,878.76 239,875.00 228,482.24 95.3%Total-MARKETING Month to Date Year to Date SilverRock Resort Marketing Expense Statement July 2014 Annual Budget 8 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget Expense 67-G&A-SALARIES & BENEFITS 6701320 Insurance-Group 1,143.56 1,488.00 (344.44) 1,143.56 1,488.00 (344.44) 17,856.00 16,712.44 93.6% 6701325 Insurance-Workers Comp 707.13 594.00 113.13 707.13 594.00 113.13 7,718.00 7,010.87 90.8% 6701720 Salaries 13,309.60 14,833.34 (1,523.74) 13,309.60 14,833.34 (1,523.74) 178,000.00 164,690.40 92.5% 6701800 Taxes-Employer Payroll 1,170.23 2,060.00 (889.77) 1,170.23 2,060.00 (889.77) 26,748.00 25,577.77 95.6% 6701880 Wages-Hourly 1,327.75 1,016.66 311.09 1,327.75 1,016.66 311.09 27,800.00 26,472.25 95.2% 6701882 Wages-Overtime - - - - - - - - 0.0% Total-G&A-SALARIES & BENEFITS 17,658.27 19,992.00 (2,333.73) 17,658.27 19,992.00 (2,333.73) 258,122.00 240,463.73 93.2% 67-G&A-SUPPLIES & MATERIALS 6703740 Supplies-Computer 500.00 500.00 (500.00) 500.00 500.00 (500.00) 6,300.00 5,800.00 92.1% 6703762 Supplies-Office 27.21 150.00 (122.79) 27.21 150.00 (122.79) 1,800.00 1,772.79 98.5% 6703768 Supplies-Printing & Stationery - 100.00 (100.00) - 100.00 (100.00) 3,300.00 3,300.00 100.0% Total-G&A-SUPPLIES & MATERIALS 527.21 750.00 (722.79) 527.21 750.00 (722.79) 11,400.00 10,872.79 95.4% 67-G&A-REPAIRS & MAINTENANCE 6705690 Repairs & Maintenance-Equipment - - - - - - 1,900.00 1,900.00 100.0% Total-G&A-REPAIRS & MAINTENANCE - - - - - - 1,900.00 1,900.00 100.0% 67-G&A-OTHER EXPENSES 6709020 Auto/Mileage Allowance 400.00 400.00 - 400.00 400.00 - 4,800.00 4,400.00 91.7% 6709150 Dues & Subscriptions - 50.00 (50.00) - 50.00 (50.00) 1,700.00 1,700.00 100.0% 6709180 Employee Recruiting/Relocation - - - - - - 1,400.00 1,400.00 100.0% 6709197 Equipment Rental 539.78 550.00 (10.22) 539.78 550.00 (10.22) 6,600.00 6,060.22 91.8% 6709202 Fees-Bank 173.46 90.00 83.46 173.46 90.00 83.46 1,080.00 906.54 83.9% 6709208 Fees-Payroll Processing 1,005.51 1,200.00 (194.49) 1,005.51 1,200.00 (194.49) 14,400.00 13,394.49 93.0% 6709220 Freight/Delivery - 50.00 (50.00) - 50.00 (50.00) 600.00 600.00 100.0% 6709490 Miscellaneous - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0% 6709491 Loss/Damage - - - - - - - 0.0% 6709620 Postage/Mail Services 49.00 75.00 (26.00) 49.00 75.00 (26.00) 900.00 851.00 94.6% 6709625 Professional Fees 1,559.25 850.00 709.25 1,559.25 850.00 709.25 10,200.00 8,640.75 84.7% 6709636 Promotion/Entertainment - 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0% 6709722 Seminars & Training - 200.00 (200.00) - 200.00 (200.00) 2,400.00 2,400.00 100.0% 6709810 Travel - - - - - - 1,100.00 1,100.00 100.0% 6709820 Uniforms 36.58 75.00 (38.42) 36.58 75.00 (38.42) 1,050.00 1,013.42 96.5% Total-G&A-OTHER EXPENSES 3,763.58 3,740.00 23.58 3,763.58 3,740.00 23.58 48,630.00 44,866.42 92.3% 21,449.06 24,482.00 (3,032.94) 21,449.06 24,482.00 (3,032.94) 320,052.00 298,102.94 93.1%Total-GENERAL & ADMINISTRATIVE Month to Date Year to Date SilverRock Resort General & Administrative Expense Statement July 2014 Annual Budget 9 July Final Budget Variance Final Budget Variance Annual Budget Unemcumb.% Budget Expense 68-LEASES 6800192 Equipment Leases-Carts 10,072.52 10,050.00 22.52 10,072.52 10,050.00 22.52 121,050.00 110,977.48 91.7% 6800193 Equipment Leases-Maintenance 48,400.00 48,400.00 100.0% 6800194 Equipment Leases-Trailer 660.00 600.00 60.00 660.00 600.00 60.00 7,200.00 6,540.00 90.8% 6800196 Equipment Leases-GPS 4,175.20 4,700.00 (524.80) 4,175.20 4,700.00 (524.80) 56,400.00 52,224.80 92.6% 6800197 Equipment Leases-Others 880.48 1,150.00 (269.52) 880.48 1,150.00 (269.52) 13,800.00 12,919.52 0.0% 15,788.20 16,500.00 (711.80) 15,788.20 16,500.00 (711.80) 246,850.00 231,061.80 93.6% 69-MISC OTHER EXPENSES 6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 8,000.00 8,000.00 - 96,000.00 88,000.00 91.7% 6900210 FF&E Reserve 507.89 530.00 (22.11) 507.89 530.00 (22.11) 60,874.00 60,366.11 99.2% 6900800 Personal Property Taxes 5,477.37 5,200.00 277.37 5,477.37 5,200.00 277.37 14,800.00 9,322.63 63.0% 6900323 Insurance-Commercial 3,080.27 2,200.00 880.27 3,080.27 2,200.00 880.27 26,400.00 23,319.73 88.3% 17,065.53 15,930.00 1,135.53 17,065.53 15,930.00 1,135.53 198,074.00 181,008.47 91.4% Total-LEASES Total-MISC OTHER EXPENSES Silverrock Resort Operating Leases & Miscellaneous Other Expense Statement July 2014 Annual BudgetMonth to Date Year to Date 10 SilverRock Resort-Arnold Palmer Classic Course Comp Golf Report-2014-2015 2014 2014 2014 2014 2014 2014 Comp Category July August September October November December Media Sales Promotion Golf Industry VIP Celebrity PGA Comp 9 Charity/Gift Certificate Rain/Wind Checks 1 Club Staff 72 LQ HS Golf 2 84 0 0 0 0 0 2015 2015 2015 2015 2015 2015 Comp Category January February March April May June Media Sales Promotion Golf Industry VIP 11