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04 October 2014 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2014 – October 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 October Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue11,373.00 3,700.00 7,673.00 207.4% 101,316.80 87,059.00 14,257.80 3,043,760.00 2,942,443.20 3%401000 Miscellaneous Golf Revenue8,330.00 12,570.00 (4,240.00) -33.7% 24,896.90 32,100.00 (7,203.10) 430,315.00 405,418.10 6%410000 Revenue-Golf Shop1,460.04 500.00 960.04 192.0% 14,408.31 10,206.00 4,202.31 258,680.00 244,271.69 6%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0% 3,000.00 3,000.00 - 12,000.00 9,000.00 25%890000 Interest Income1.46 - 1.46 0.0%6.35 - 6.35 - (6.35) 0%Total Income22,664.50 18,270.00 4,394.50 24.1% 143,628.36 132,365.00 11,263.36 3,744,755.00 3,601,126.64 4%Cost of Goods Sold510000 COS-Golf Shop779.18 279.00 500.18 -179.3% 7,930.42 5,711.48 (2,218.94) 144,783.40 136,852.98 5%Total COS779.18 279.00 500.18 -179.3% 7,930.42 5,711.48 (2,218.94) 144,783.40 136,852.98 5%Gross Profit21,885.32 17,991.00 3,894.32 21.6% 135,697.94 126,653.52 9,044.42 3,599,971.60 3,464,273.66 4%Expenses610000 Golf Pro Shop 13,331.27 12,304.00 (1,027.27) -8.3% 50,468.69 54,081.00 3,612.31 204,190.00 153,721.31 25%630000 Course Maintenance281,187.20 279,996.00 (1,191.20) -0.4% 640,061.45 670,056.00 (29,994.55) 1,697,652.00 1,057,590.55 38%633000 Maintenance Water & Energy15,926.05 16,350.00 423.95 2.6% 67,941.51 81,910.00 (13,968.49) 223,629.00 155,687.49 30%640000 Outside Services11,195.25 14,063.00 2,867.75 20.4% 45,452.40 59,521.00 (14,068.60) 285,234.00 239,781.60 16%650000 Clubhouse10,766.23 11,736.00 969.77 8.3% 38,674.05 43,644.00 (4,969.95) 131,732.00 93,057.95 29%660000 Marketing24,798.93 21,441.00 (3,357.93) -15.7% 66,946.08 59,635.00 7,311.08 239,875.00 172,928.92 28%670000 General & Administrative27,644.02 25,558.00 (2,086.02) -8.2% 98,587.91 100,305.00 (1,717.09) 320,052.00 221,464.09 31%680000 Leases22,215.92 16,950.00 (5,265.92) -31.1% 67,395.33 66,450.00 945.33 246,850.00 179,454.67 27%690000 Miscellaneous Other Expense10,869.63 19,874.00 (9,004.37) 45.3% 51,625.14 57,340.00 (5,714.86) 198,074.00 146,448.86 26%Total Expenses417,934.50 418,272.00 (337.50) 0.1% 1,127,152.56 1,192,942.00 65,789.44 3,547,288.00 2,420,135.44 32%(396,049.18) (400,281.00) 4,231.82 1.1%(991,454.62) (1,066,288.48) 74,833.86 52,683.60 1,044,138.22 0%Rounds of Golf PlayedPaid Rounds Played455 100 355 355.0%4,123 2,650 1,473 41,100 36,977 10%Ave $ Per Paid Round Green Fee25.00 37.00 (12.00) -32.4%24.57 32.85 (8.28) 74.06 49.48 33%Ave $ Per Paid Round Merchandise3.21 5.00 (1.79) -35.8%3.49 3.85 (0.36) 6.29 2.80 56%Ave $ Per Paid Miscellaneous 18.31 125.70 (107.39) -85.4%6.04 12.11 (6.07) 10.47 4.43 0%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateOctober 20141 Sales and Cost of SalesActual BudgetVariance$11,373.00 $3,700.007,673.00Favorable: Projected rounds of golf for October (back 9 closure) was calculated using 30% of prior years actual rounds and revenue for the same period. Actual rounds & revenues were much higher than originally projected. Actual BudgetVariance$8,330.00 $12,570.00(4,240.00)Unfavorable: Resident card sales continue to be under budget due to the Canal Realignment Project. Residents appearto be waiting until Fall to play and or renew their resident card. We have seen a significant increase in cards in November.*Actual BudgetVariance$1,460.04 $500.00 960.04Favorable: Due to higher than projected rounds. Increased rounds equated to higher than projected merchandise sales. ExpensesActual BudgetVariance11,195.25 14,063.00 (2,867.75)Favorable: Due to reduced salaries and benefits; due to labor hours reduction for 9 hole utilization.Actual BudgetVariance$24,798.93 $21,441.003,357.93Unfavorable: Due to timing of advertising invoices and a prepaid online marketing invoice. Actual BudgetVariance$22,215.92 $16,950.005,265.92Unfavorable: Due to payment for new lease on golf course equipment. The monthly budgeted amount is scheduled to be applied starting in November 2014.Actual BudgetVariance$10,869.63 $19,874.00(9,004.37)Favorable: Due to timing of property tax bill for equipment and property.provided for those cost of sales percentage that are greater than 5%.Revenue FeesMisc Golf RevenueVariance ExplanationOctober 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 areMarketingLeasesMiscellaneous Other ExpensesPro Shop Merchandise SalesCartbarn-Course Services3-20-132 Income October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees11,373.00 3,700.00 7,673.00 101,316.80 87,059.00 14,257.80 3,043,760.00 2,942,443.20 96.7%4010000 Rider Fee30.00 10.00 20.00 465.00 265.00 200.00 7,230.00 6,765.00 93.6%4040000 Club Rental75.00 50.00 25.00 1,180.00 1,325.00 (145.00) 20,550.00 19,370.00 94.3%4050000 Driving Range710.00 100.00 610.00 7,565.00 2,250.00 5,315.00 86,435.00 78,870.00 91.2%4060000 Handicap Fees- - - - - - 2,500.00 2,500.00 100.0%4080000 GPS Advertising- 100.00 (100.00) - 400.00 (400.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract- 1,000.00 (1,000.00) 791.90 2,000.00 (1,208.10) 4,000.00 3,208.10 80.2%4091000 Golf Professional Rental Fee- - - - - - 37,000.00 37,000.00 100.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue7,515.00 11,310.00 (3,795.00) 14,895.00 25,860.00 (10,965.00) 135,000.00 120,105.00 89.0% Total Revenue Fees19,703.00 16,270.00 3,433.00 126,213.70 119,159.00 7,054.70 3,339,075.00 3,212,861.30 96.2%19,703.00 16,270.00 3,433.00 126,213.70 119,159.00 7,054.70 3,339,075.00 3,212,861.30 96.2%SilverRock ResortStatement of Fees RevenueOctober 2014Total IncomeMonth to DateYear to DateAnnual Budget3 Income October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous 111.18 - 111.18 1,122.51 - 1,122.51 00 0%4100110 Sales Hard Goods621.70 175.00 446.70 5,670.57 3,572.00 2,098.57 90,538.00 84,867.43 93.7%4100112 Sales-Soft Goods1,042.50 325.00 717.50 10,032.50 6,634.00 3,398.50 168,142.00 158,109.50 94.0%5100639 GS-Discounts-Mdse (315.34) - (315.34) (2,417.27) - (2,417.27) - 2,417.27 0.0% Total Revenue Golf Shop1,460.04 500.00 960.04 14,408.31 10,206.00 4,202.31 258,680.00 245,394.20 94.9%COS 5100150 COS-GS-Hard Goods 409.59 101.50 308.09 3,970.48 2,071.76 1,898.72 52,512.04 48,541.56 92.4%5100151 COS-GS-Soft Goods 442.09 188.50 253.59 3,901.21 3,847.72 53.49 97,522.36 93,621.15 96.0%5100152 COS-GS-Purchase Disc (160.41) (15.00) (145.41) (160.41) (297.00) 136.59 (7,502.00) (7,341.59) 97.9%5100220 COS-GS-Freight Merch 87.91 4.00 83.91 219.14 89.00 130.14 2,251.00 2,031.86 90.3%Cost of Sales - Golf Shop779.18 279.00 500.18 7,930.42 5,711.48 2,218.94 144,783.40 136,852.98 94.5%Gross Profit680.86 221.00 459.86 6,477.89 4,494.52 1,983.37 113,896.60 108,541.22 95.3%COS % 53.4% 55.8% 2.4% 55.0% 56.0% 0.9% 53.1% 55.8% 105.1%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,625.74 2,387.00 (761.26) 6,001.54 8,525.00 (2,523.46) 27,621.00 21,619.46 78.3%6101325 Insurance-Workers Comp 314.99 271.00 43.99 1,259.96 1,308.00 (48.04) 5,062.00 3,802.04 75.1%6101720 Salaries4,024.16 3,750.00 274.16 16,727.20 15,000.00 1,727.20 45,000.00 28,272.80 62.8%6101800 Taxes-Employer Payroll 214.66 939.00 (724.34) 3,113.66 4,537.00 (1,423.34) 17,562.00 14,448.34 82.3%6101880 Wages-Hourly4,107.31 3,472.00 635.31 17,965.74 19,896.00 (1,930.26) 90,070.00 72,104.26 80.1%6101882 Wages-Overtime- - - 73.61 - 73.61 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 10,286.86 10,819.00 (532.14) 45,141.71 49,266.00 (4,124.29) 185,315.00 141,199.78 76.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office- 250.00 (250.00) 314.80 1,000.00 (685.20) 3,000.00 2,685.20 89.5%6109220 Freight & Delivery610.00 25.00 585.00 610.00 25.00 585.00 75.00 (535.00) -713.3%6109490 Miscellaneous1,500.00 500.00 1,000.00 2,450.00 2,000.00 450.00 6,000.00 3,550.00 59.2%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(0.01) - (0.01) (2.74) - (2.74) - 2.74 0.0%6109722 Seminars/Training67.20 500.00 (432.80) 67.20 950.00 (882.80) 3,690.00 3,622.80 98.2%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms788.46 100.00 688.46 1,563.91 400.00 1,163.91 2,400.00 836.09 34.8%6117840 Telephones78.76 110.00 (31.24) 323.81 440.00 (116.19) 1,320.00 996.19 75.5%training expenses for the month and miscel 3,044.41 1,485.00 1,559.41 5,326.98 4,815.00 511.98 18,875.00 13,548.02 71.8%13,331.27 12,304.00 1,027.27 50,468.69 54,081.00 (3,612.31) 204,190.00 154,747.80 75.8%Net Income(12,650.41) (12,083.00) (567.41) (43,990.80) (49,586.48) 5,595.68 (90,293.40) (46,206.58) 51.2%SilverRock ResortGolf Shop Income StatementOctober 2014Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,360.79 8,990.00 (1,629.21) 33,120.48 35,960.00 (2,839.52) 107,880.00 74,759.52 69.3%6311325 Insurance-Workers Comp2,742.65 2,328.00 414.65 10,970.60 7,803.00 3,167.60 24,794.00 13,823.40 55.8%6311720 Salaries11,931.20 11,001.60 929.60 43,793.60 44,006.40 (212.80) 132,019.20 88,225.60 66.8%6311800 Taxes-Employer Payroll4,265.49 8,526.00 (4,260.51) 18,641.59 27,507.00 (8,865.41) 86,638.00 67,996.41 78.5%6311880 Wages-Hourly44,729.58 44,054.40 675.18 155,142.97 157,065.60 (1,922.63) 518,478.80 363,335.83 70.1%6311882 Wages-Overtime6,149.67 10,526.00 (4,376.33) 6,149.67 10,526.00 (4,376.33) 15,945.00 9,795.33 61.4%Total-CM-SALARIES & BENEFITS77,179.38 85,426.00 (8,246.62) 267,818.91 282,868.00 (15,049.09) 885,755.00 617,936.09 69.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals7,394.16 4,600.00 2,794.16 12,385.03 13,600.00 (1,214.97) 34,600.00 22,214.97 64.2%6313744 Fertilizer14,553.81 17,500.00 (2,946.19) 49,593.17 53,500.00 (3,906.83) 112,500.00 62,906.83 55.9%6313745 Herbicides1,907.49 - 1,907.49 8,686.29 7,000.00 1,686.29 17,000.00 8,313.71 48.9%6313746 Flowers/Plants- 250.00 (250.00) 45.06 1,250.00 (1,204.94) 3,050.00 3,004.94 98.5%6313748 Fuel-Gasoline8,159.55 8,000.00 159.55 21,348.88 23,500.00 (2,151.12) 55,020.00 33,671.12 61.2%6313750 Golf Course Accessories1,960.32 10,000.00 (8,039.68) 2,988.89 10,900.00 (7,911.11) 13,000.00 10,011.11 77.0%6313756 POA Control241.67 - 241.67 483.70 - 483.70 7,000.00 6,516.30 93.1%6313758 Miscellaneous Supp479.63 500.00 (20.37) 4,099.42 2,750.00 1,349.42 4,350.00 250.58 5.8%6313762 Supplies-Office- - - - - - - - 0.0%6313774 Sand519.30 2,000.00 (1,480.70) 5,000.00 7,780.00 (2,780.00) 13,460.00 8,460.00 62.9%6313776 Seed124,981.30 102,000.00 22,981.30 124,981.30 102,950.00 22,031.30 125,900.00 918.70 0.7%6313778 Small Tools & Non-Capital Equip 2,698.86 2,000.00 698.86 4,153.46 4,200.00 (46.54) 5,000.00 846.54 16.9%6313780 Sod158.60 250.00 (91.40) 4,473.08 5,750.00 (1,276.92) 10,450.00 5,976.92 57.2%6313782 Topdressing- 2,500.00 (2,500.00) 768.75 5,000.00 (4,231.25) 10,600.00 9,831.25 92.7%Total-CM-SUPPLIES & MATERIALS163,054.69 149,600.00 13,454.69 239,007.03 238,180.00 827.03 411,930.00 172,922.97 42.0%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 11,320.00 10,400.00 920.00 31,200.00 19,880.00 63.7%6315685 CM-R&M-Bldngs & Othr Structures 98.27 500.00 (401.73) 1,973.31 3,050.00 (1,076.69) 5,550.00 3,576.69 64.4%6315690 CM-R&M-Equipment8,556.09 11,000.00 (2,443.91) 18,740.22 17,500.00 1,240.22 40,000.00 21,259.78 53.1%6315692 CM-R&M-Irrigation System1,960.70 2,000.00 (39.30) 7,523.01 11,400.00 (3,876.99) 19,050.00 11,526.99 60.5%6315696 CM-R&M-Pumps3,013.00 1,000.00 2,013.00 3,013.00 4,000.00 (987.00) 10,500.00 7,487.00 71.3%6315815 CM-R&M-Trees-Pruning Etc- 550.00 (550.00) 5,770.00 6,050.00 (280.00) 12,050.00 6,280.00 52.1%Total-CM-REPAIRS & MAINTENANCE16,458.06 17,650.00 (1,191.94) 48,339.54 52,400.00 (4,060.46) 118,350.00 70,010.46 59.2%6317836 Utilities-Natural Gas/LPG21.87 15.00 6.87 84.05 60.00 24.05 180.00 95.95 0.0%6317840 Telephones958.21 850.00 108.21 4,059.50 3,400.00 659.50 10,200.00 6,140.50 60.2%Total-CM-UTILITIES980.08 865.00 115.08 4,143.55 3,460.00 683.55 10,380.00 6,236.45 60.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance500.00 500.00 - 2,000.00 2,000.00 - 6,000.00 4,000.00 66.7%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 2,257.38 2,096.00 161.38 6,288.00 4,030.62 64.1%6319150 Dues & Subscriptions287.20 - 287.20 557.20 - 557.20 540.00 (17.20) -3.2%6319170 Employee Education- 50.00 (50.00) 69.00 200.00 (131.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental732.57 1,000.00 (267.43) 732.57 1,500.00 (767.43) 3,400.00 2,667.43 78.5%6319206 Licenses & Permits95.00 - 95.00 322.86 280.00 42.86 4,180.00 3,857.14 92.3%6319490 Miscellaneous- 100.00 (100.00) 235.80 400.00 (164.20) 1,200.00 964.20 80.4%6319718 Safety Equipment & Training543.10 800.00 (256.90) 1,652.53 1,850.00 (197.47) 3,850.00 2,197.47 57.1%6319822 Uniforms800.55 920.00 (119.45) 2,719.72 3,680.00 (960.28) 11,040.00 8,320.28 75.4%Total-CM-OTHER EXPENSES3,710.88 3,894.00 (183.12) 12,547.06 14,006.00 (1,458.94) 42,048.00 29,500.94 70.2%SilverRock ResortCourse Maintenance Expense StatementOctober 2014Annual BudgetMonth to DateYear to Date5 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,868.05 2,728.00 (859.95) 7,472.20 10,912.00 (3,439.80) 32,736.00 25,263.80 77.2%6321325 Insurance-Workers Comp402.41 568.00 (165.59) 1,609.64 2,041.00 (431.36) 5,953.00 4,343.36 73.0%6321800 Taxes-Employer Payroll1,594.71 2,114.00 (519.29) 6,246.07 7,262.00 (1,015.93) 20,906.00 14,659.93 70.1%6321880 Wages-Hourly12,745.00 12,880.00 (135.00) 49,758.94 51,520.00 (1,761.06) 154,560.00 104,801.06 67.8%6321882 Wages-Overtime2,601.03 3,381.00 (779.97) 2,609.09 4,347.00 (1,737.91) 6,279.00 3,669.91 58.4%Total-CM-LM-SALARIES & BENEFITS19,211.20 21,671.00 (2,459.80) 67,695.94 76,082.00 (8,386.06) 220,434.00 152,738.06 69.3%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 400.00 (400.00) 1,025.00 1,025.00 100.0%6323788 Uniforms176.61 290.00 (113.39) 581.13 1,160.00 (578.87) 3,480.00 2,898.87 83.3%Total-CM-LM-SUPPLIES & MATERIALS176.61 390.00 (213.39) 93.12 1,560.00 (1,466.88) 4,505.00 3,923.87 87.1%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation416.30 500.00 (83.70) 416.30 1,500.00 (1,083.70) 4,250.00 3,833.70 90.2%Total-CM-LM-REPAIRS & MAINTENANCE416.30 500.00 (83.70) 416.30 1,500.00 (1,083.70) 4,250.00 3,833.70 90.2%281,187.20 279,996.00 1,191.20 640,061.45 670,056.00 (29,994.55) 1,697,652.00 1,057,102.54 62.3% October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 10,906.84 12,150.00 (1,243.16) 50,459.38 58,350.00 (7,890.62) 178,291.00 127,831.62 71.7%6337842 Utilities-Water5,019.21 4,200.00 819.21 17,482.13 23,560.00 (6,077.87) 45,338.00 27,855.87 61.4%15,926.05 16,350.00 (423.95) 67,941.51 81,910.00 (13,968.49) 223,629.00 155,687.49 69.6%Total-COURSE MAINTENANCECourse Maintenance Expense StatementOctober 2014Silverrock ResortAnnual BudgetMonth to Date Year to DateSilverrock ResortCourse Maintenance Water & EnergyOctober 2014Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 2,728.00 (2,728.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp286.85 228.00 58.85 1,147.40 1,002.00 145.40 4,976.00 3,828.60 76.9%6411800 Taxes-Employer Payroll715.19 756.00 (40.81) 2,718.99 3,327.00 (608.01) 16,514.00 13,795.01 83.5%6411880 Wages-Hourly6,866.01 6,069.00 797.01 25,439.02 26,725.00 (1,285.98) 132,655.00 107,215.98 80.8%6411882 Wages-Overtime50.07 - 50.07 147.39 - 147.39 - (147.39) 0.0%Total-CBR-SALARIES & BENEFITS7,918.12 7,735.00 183.12 29,452.80 33,782.00 (4,329.20) 162,329.00 132,876.20 81.9%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 500.00 (500.00) - 500.00 (500.00) 1,850.00 `0.0%6413742 Supplies-Expendable413.64 150.00 263.64 1,742.10 1,500.00 242.10 6,750.00 5,007.90 74.2%6413748 Supplies-Fuel for Shuttle- 100.00 (100.00) - 200.00 (200.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - - - - 9,000.00 9,000.00 100.0%6413762 Supplies-Office- 50.00 (50.00) - 125.00 (125.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary - - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels- 120.00 (120.00) 960.00 480.00 480.00 2,182.00 1,222.00 56.0%6413796 Supplies-Bottled Water216.00 50.00 166.00 634.50 200.00 434.50 8,550.00 7,915.50 92.6%Total-CBR-SUPPLIES & MATERIALS629.64 970.00 (340.36) 3,336.60 3,005.00 331.60 32,277.00 27,090.40 83.9%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 84.24 300.00 (215.76) 188.45 1,200.00 (1,011.55) 3,600.00 3,411.55 94.8%6415695 CBR-R&M-Cart Maintenance & Rep - 950.00 (950.00) - 2,450.00 (2,450.00) 6,450.00 6,450.00 100.0%Total-CBR-REPAIRS & MAINTENANCE84.24 1,250.00 (1,165.76) 188.45 3,650.00 (3,461.55) 10,050.00 9,861.55 98.1%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen - 800.00 (800.00) 1,163.45 3,200.00 (2,036.55) 9,600.00 8,436.55 87.9%6419220 Freight/Delivery- 75.00 (75.00) - 300.00 (300.00) 450.00 450.00 100.0%6419490 Miscellaneous- 75.00 (75.00) - 350.00 (350.00) 1,150.00 1,150.00 100.0%6419820 Uniforms607.29 2,000.00 (1,392.71) 607.29 2,000.00 (1,392.71) 5,200.00 4,592.71 88.3%Total-CBR-OTHER EXPENSES607.29 2,950.00 (701.89) 1,770.74 5,850.00 (4,079.26) 16,400.00 14,629.26 89.2%TOTAL-CARTS,BAGROOM & RANGE 9,217.87 11,277.00 (2,059.13) 34,748.59 46,287.00 (11,538.41) 221,056.00 184,457.41 83.4%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%training expe Insurance-Workers Comp133.75 57.00 76.75 535.00 374.00 161.00 1,933.00 1,398.00 72.3%6431800 Taxes-Employer Payroll127.26 199.00 (71.74) 945.44 1,298.00 (352.56) 6,703.00 5,757.56 85.9%6431880 Wages-Hourly1,057.50 1,530.00 (472.50) 8,564.50 9,987.00 (1,422.50) 51,567.00 43,002.50 83.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS1,318.51 1,786.00 (467.49) 10,044.94 11,659.00 (1,614.06) 60,203.00 50,158.06 83.3%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) - 300.00 (300.00) 1,050.00 1,050.00 100.0%6439490 Miscellaneous- 50.00 (50.00) - 50.00 (50.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) - 200.00 (200.00) 600.00 600.00 100.0%6439820 Uniforms658.87 800.00 (141.13) 658.87 1,025.00 (366.13) 2,125.00 1,466.13 69.0%Total-CS-OTHER EXPENSES658.87 1,000.00 (341.13) 658.87 1,575.00 (916.13) 3,975.00 3,316.13 83.4%Total-COURSE SERVICES 1,977.38 2,786.00 (808.62) 10,703.81 13,234.00 (2,530.19) 64,178.00 53,474.19 83.3%11,195.25 14,063.00 (2,867.75) 45,452.40 59,521.00 (14,068.60) 285,234.00 234,615.47 82.3%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementOctober 2014Annual Budget7 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 1,985.00 1,600.00 385.00 4,800.00 2,815.00 58.6%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 396.50 1,600.00 (1,203.50) 4,800.00 2,815.00 58.6%65-CH-UTILITIES6507836 Utilities-Natural Gas280.42 300.00 (19.58) 1,206.20 1,200.00 6.20 3,600.00 2,393.80 66.5%6507840 Utilities-Telephone1,210.04 1,150.00 60.04 3,694.51 4,600.00 (905.49) 13,800.00 10,105.49 73.2%6507842 Utilities-Water838.98 321.00 517.98 1,898.18 1,284.00 614.18 3,852.00 1,953.82 50.7%6507844 Utilities-Cable 457.31 340.00 117.31 1,829.24 1,360.00 469.24 4,080.00 2,250.76 55.2%Total-CH-UTILITIES2,786.75 2,111.00 675.75 8,628.13 8,444.00 184.13 25,332.00 16,703.87 65.9%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 2,036.50 2,425.00 (388.50) 7,511.50 7,900.00 (388.50) 22,500.00 14,988.50 66.6%6509099 Contract Services-Security5,077.04 4,900.00 177.04 20,625.24 19,600.00 1,025.24 60,400.00 39,774.76 65.9%6509215 Flowers & Decorations- 500.00 (500.00) - 500.00 (500.00) 1,900.00 1,900.00 100.0%6509490 Miscellaneous66.36 200.00 (133.64) 115.86 800.00 (684.14) 2,400.00 2,284.14 95.2%6509718 Safety Equipment & Training - 100.00 (100.00) - 400.00 (400.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES7,179.90 8,125.00 (945.10) 28,252.60 29,200.00 (947.40) 88,400.00 60,147.40 68.0%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures304.58 300.00 4.58 1,144.59 1,200.00 (55.41) 3,600.00 2,455.41 68.2%6515686 CH-R&M-Restaurant Repairs95.00 400.00 (305.00) 252.23 1,600.00 (1,347.77) 4,800.00 4,547.77 94.7%6515690 CH-R&M-Equipment Repair - 400.00 (400.00) - 1,600.00 (1,600.00) 4,800.00 4,800.00 100.0%Total-CH-REPAIRS & MAINTENANCE399.58 1,100.00 (700.42) 1,396.82 4,400.00 (3,003.18) 13,200.00 11,803.18 89.4%10,766.23 11,736.00 (969.77) 38,674.05 43,644.00 (4,969.95) 131,732.00 23,606.36 17.9%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementOctober 2014Annual Budget8 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 373.61 341.00 32.61 1,494.44 1,364.00 130.44 4,092.00 2,597.56 63.5%6601325 Insurance-Workers Comp101.49 94.00 7.49 405.96 376.00 29.96 1,128.00 722.04 64.0%6601720 Salaries3,253.45 2,508.00 745.45 9,285.53 10,032.00 (746.47) 30,096.00 20,810.47 69.1%6601800 Taxes-Employer Payroll95.84 326.00 (230.16) 598.74 1,304.00 (705.26) 3,912.00 3,313.26 84.7%Total-MKT-SALARIES & BENEFITS3,824.39 3,269.00 555.39 11,784.67 13,076.00 (1,291.33) 39,228.00 27,443.33 70.0%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 212.63 100.00 112.63 312.63 400.00 (87.37) 1,200.00 887.37 73.9%6603768 Supplies-Printing & Stationery 3,294.33 3,000.00 294.33 4,835.95 3,200.00 1,635.95 4,425.00 (410.95) -9.3%3,506.96 3,100.00 406.96 5,148.58 3,600.00 1,548.58 5,625.00 476.42 8.5%66-MKT-UTILITIES6607840 Utilities-Telephone58.08 100.00 (41.92) 385.70 400.00 (14.30) 1,200.00 814.30 67.9%Total-MKT-UTILITIES58.08 100.00 (41.92) 385.70 400.00 (14.30) 1,200.00 814.30 67.9%66-MKT-OTHER EXPENSES6609010 Advertising 17,228.00 13,822.00 3,406.00 49,247.63 40,509.00 8,738.63 178,987.00 129,739.37 72.5%6609040 Business Meals- 25.00 (25.00) - 100.00 (100.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) - 500.00 (500.00) 5,500.00 5,500.00 100.0%6609102 Contract Services-Web Page99.00 150.00 (51.00) 297.00 600.00 (303.00) 1,800.00 1,503.00 83.5%6609490 Miscellaneous- - - - - - 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 200.00 (200.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) - 50.00 (50.00) 700.00 700.00 100.0%6609633 Promotion-Community- 75.00 (75.00) - 300.00 (300.00) 2,250.00 2,250.00 100.0%6609634 Promotion-Media/Vendor- - - - - - 2,000.00 2,000.00 100.0%6609150 Dues and Subscriptions82.50 - 82.50 82.50 - 82.50 735.00 652.50 88.8%6609820 Uniforms- 300.00 (300.00) - 300.00 (300.00) 600.00 600.00 100.0%Total-MKT-OTHER EXPENSES17,409.50 14,972.00 2,437.50 49,627.13 42,559.00 7,068.13 193,822.00 144,194.87 74.4%24,798.93 21,441.00 3,357.93 66,946.08 59,635.00 7,311.08 239,875.00 172,928.92 72.1%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementOctober 2014Annual Budget9 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,332.83 1,488.00 (155.17) 5,142.05 5,952.00 (809.95) 17,856.00 12,713.95 71.2%6701325 Insurance-Workers Comp 707.13 617.00 90.13 2,828.52 2,422.00 406.52 7,718.00 4,889.48 63.4%6701720 Salaries14,887.36 14,833.34 54.02 55,736.16 59,333.36 (3,597.20) 178,000.00 122,263.84 68.7%6701800 Taxes-Employer Payroll 1,771.84 2,138.00 (366.16) 5,362.48 8,396.00 (3,033.52) 26,748.00 21,385.52 80.0%6701880 Wages-Hourly2,405.82 1,616.66 789.16 7,569.50 5,266.64 2,302.86 27,800.00 20,230.50 72.8%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 21,104.98 20,693.00 411.98 76,638.71 81,370.00 (4,731.29) 258,122.00 181,483.29 70.3%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer947.00 500.00 447.00 4,856.02 2,000.00 2,856.02 6,300.00 1,443.98 22.9%6703762 Supplies-Office- 150.00 (150.00) 404.30 600.00 (195.70) 1,800.00 1,395.70 77.5%6703768 Supplies-Printing & Stationery - 100.00 (100.00) 269.69 400.00 (130.31) 3,300.00 3,030.31 91.8%Total-G&A-SUPPLIES & MATERIALS947.00 750.00 197.00 5,530.01 3,000.00 2,530.01 11,400.00 5,869.99 51.5%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipm- 100.00 (100.00) - 300.00 (300.00) 1,900.00 1,900.00 100.0%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) - 300.00 (300.00) 1,900.00 1,900.00 100.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance 400.00 400.00 - 1,600.00 1,600.00 - 4,800.00 3,200.00 66.7%6709150 Dues & Subscriptions- 50.00 (50.00) - 300.00 (300.00) 1,700.00 1,700.00 100.0%6709180 Employee Recruiting/Relocatio252.00 200.00 52.00 486.57 400.00 86.57 1,400.00 913.43 65.2%6709197 Equipment Rental382.48 550.00 (167.52) 2,624.69 2,200.00 424.69 6,600.00 3,975.31 60.2%6709202 Fees-Bank125.54 90.00 35.54 671.15 360.00 311.15 1,080.00 408.85 37.9%6709208 Fees-Payroll Processing 1,291.82 1,200.00 91.82 4,330.75 4,800.00 (469.25) 14,400.00 10,069.25 69.9%6709220 Freight/Delivery- 50.00 (50.00) - 200.00 (200.00) 600.00 600.00 100.0%6709490 Miscellaneous21.58 100.00 (78.42) 21.58 400.00 (378.42) 1,200.00 1,178.42 98.2%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services147.00 75.00 72.00 454.25 300.00 154.25 900.00 445.75 49.5%6709625 Professional Fees2,774.42 850.00 1,924.42 5,496.42 3,400.00 2,096.42 10,200.00 4,703.58 46.1%6709636 Promotion/Entertainment- 100.00 (100.00) - 400.00 (400.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training197.20 200.00 (2.80) 697.20 800.00 (102.80) 2,400.00 1,702.80 71.0%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%training expe Uniforms- 150.00 900.00 36.58 375.00 (338.42) 1,050.00 1,013.42 96.5%Total-G&A-OTHER EXPENSES5,592.04 4,015.00 2,627.04 16,419.19 15,635.00 784.19 48,630.00 32,210.81 66.2%27,644.02 25,558.00 2,086.02 98,587.91 100,305.00 (1,717.09) 320,052.00 221,464.09 69.2%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementOctober 2014Annual Budget10 October Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,500.00 (136.55) 37,453.80 40,650.00 (3,196.20) 121,050.00 83,596.20 69.1%6800193 Equipment Leases-Maintenance 5,535.82 - 5,535.82 5,535.82 - 5,535.82 48,400.00 42,864.18 88.6%6800194 Equipment Leases-Trailer470.00 600.00 (130.00) 2,291.72 2,400.00 (108.28) 7,200.00 4,908.28 68.2%6800196 Equipment Leases-GPS4,260.00 4,700.00 (440.00) 17,120.00 18,800.00 (1,680.00) 56,400.00 39,280.00 69.6%6800197 Equipment Leases-Others1,586.65 1,150.00 436.65 4,993.99 4,600.00 393.99 13,800.00 8,806.01 0.0%22,215.92 16,950.00 5,265.92 67,395.33 66,450.00 945.33 246,850.00 179,454.67 72.7%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,000.00 8,000.00 - 32,000.00 32,000.00 - 96,000.00 64,000.00 66.7%6900210 FF&E Reserve227.46 74.00 153.46 2,026.35 1,740.00 286.35 60,874.00 58,847.65 96.7%6900800 Personal Property Taxes135.21 9,600.00 (9,464.79) 9,584.24 14,800.00 (5,215.76) 14,800.00 5,215.76 35.2%6900323 Insurance-Commercial2,506.96 2,200.00 306.96 8,014.55 8,800.00 (785.45) 26,400.00 18,385.45 69.6%10,869.63 19,874.00 (9,004.37) 51,625.14 57,340.00 (5,714.86) 198,074.00 146,448.86 73.9%*Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementOctober 2014Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2014‐20152014 2014 2014 2014 2014 2014Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMediaSalesPromotionGolf IndustryVIPCelebrityPGA Comp9893Charity/Gift Certificate4Rain/Wind Checks122Club Staff7283608LQ HS Golf21010841058113002015 2015 2015 2015 2015 2015Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012