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01 July 2015 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2015 – July 2015 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 July Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue86,684.50 82,392.00 4,292.50 5.2% 86,684.50 82,392.00 4,292.50 3,199,237.00 3,112,552.50 3%401000 Miscellaneous Golf Revenue10,441.50 5,745.00 4,696.50 81.7% 10,441.50 5,745.00 4,696.50 349,259.00 338,817.50 3%410000 Revenue-Golf Shop8,799.16 8,925.00 (125.84) -1.4%8,799.16 8,925.00 (125.84) 278,585.00 269,785.84 3%420000 Revenue-F&B Concession500.00 500.00 - 0.0%500.00 500.00 - 12,000.00 11,500.00 4%890000 Interest Income1.91 - 1.91 0.0%1.91 - 1.91 - (1.91) 0%Total Income106,427.07 97,562.00 8,865.07 9.1% 106,427.07 97,562.00 8,865.07 3,839,081.00 3,732,653.93 3%Cost of Goods Sold510000 COS-Golf Shop5,258.27 4,995.50 262.77 -5.3%5,258.27 4,995.50 (262.77) 155,924.00 150,665.73 3%Total COS5,258.27 4,995.50 262.77 -5.3%5,258.27 4,995.50 (262.77) 155,924.00 150,665.73 3%Gross Profit101,168.80 92,566.50 8,602.30 9.3% 101,168.80 92,566.50 8,602.30 3,683,157.00 3,581,988.20 3%Expenses610000 Golf Pro Shop 12,117.23 13,913.00 (1,795.77) 12.9% 12,117.23 13,913.00 (1,795.77) 204,827.00 192,709.77 6%630000 Course Maintenance121,323.73 119,534.00 1,789.73 -1.5% 121,323.73 119,534.00 1,789.73 1,712,795.00 1,591,471.27 7%633000 Maintenance Water & Energy21,305.88 20,265.00 1,040.88 -5.1% 21,305.88 20,265.00 1,040.88 225,129.00 203,823.12 9%640000 Outside Services13,999.29 15,034.00 (1,034.71) 6.9% 13,999.29 15,034.00 (1,034.71) 309,830.00 295,830.71 5%650000 Clubhouse10,302.07 10,636.00 (333.93) 3.1% 10,302.07 10,636.00 (333.93) 136,332.00 126,029.93 8%660000 Marketing11,732.58 8,539.00 3,193.58 -37.4% 11,732.58 8,539.00 3,193.58 240,177.00 228,444.42 5%670000 General & Administrative23,361.45 24,641.00 (1,279.55) 5.2% 23,361.45 24,641.00 (1,279.55) 327,511.00 304,149.55 7%680000 Leases22,360.95 22,550.00 (189.05) 0.8% 22,360.95 22,550.00 (189.05) 271,050.00 248,689.05 8%690000 Miscellaneous Other Expense19,830.82 17,368.00 2,462.82 -14.2% 19,830.82 17,368.00 2,462.82 202,025.00 182,194.18 10%Total Expenses256,334.00 252,480.00 3,854.00 -1.5% 256,334.00 252,480.00 (3,854.00) 3,629,676.00 3,373,342.00 7%(155,165.20) (159,913.50) 4,748.30 3.0%(155,165.20) (159,913.50) 4,748.30 53,481.00 208,646.20 0%Rounds of Golf PlayedPaid Rounds Played2,717 2,625 92 3.5%2,717 2,625 92 41,100 38,383 7%Ave $ Per Paid Round Green Fee31.90 31.39 0.52 1.6%31.90 31.39 0.52 77.84 45.94 41%Ave $ Per Paid Round Merchandise3.24 3.40 (0.16) -4.7%3.24 3.40 (0.16) 6.78 3.54 48%Ave $ Per Paid Miscellaneous 3.84 2.19 1.65 75.6%3.84 2.19 1.65 8.50 4.65 45%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJuly 20151 Income July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees86,684.50 82,392.00 4,292.50 86,684.50 82,392.00 4,292.50 3,199,237.00 3,112,552.50 97.3%4010000 Rider Fee592.50 263.00 329.50 592.50 263.00 329.50 7,738.00 7,145.50 92.3%4040000 Club Rental805.00 1,313.00 (508.00) 805.00 1,313.00 (508.00) 23,238.00 22,433.00 96.5%4050000 Driving Range2,900.00 1,969.00 931.00 2,900.00 1,969.00 931.00 100,984.00 98,084.00 97.1%4060000 Handicap Fees- - - - - - 2,500.00 2,500.00 100.0%4080000 GPS Advertising- 100.00 (100.00) - 100.00 (100.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract 894.00 1,000.00 (106.00) 894.00 1,000.00 (106.00) 4,000.00 3,106.00 77.7%4091000 Golf Professional Rental Fee- - - - - - 37,000.00 37,000.00 100.0%4092000 Golf Lessons - - - - - - - - 0.0%4093000 Resident Card Issue5,250.00 1,100.00 4,150.00 5,250.00 1,100.00 4,150.00 171,200.00 165,950.00 96.9% Total Revenue Fees97,126.00 88,137.00 8,989.00 97,126.00 88,137.00 8,989.00 3,548,497.00 3,451,371.00 97.3%97,126.00 88,137.00 8,989.00 97,126.00 88,137.00 8,989.00 3,548,497.00 3,451,371.00 97.3%SilverRock ResortStatement of Fees RevenueJuly 2015Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$10,441.50 $5,745.00 4,696.50Favorable: Due to increased Resident Card Sales by $4,150. We continue to try and understand the patterns or trends related to Resident Card purchases. We are very early in a new year.ExpensesActualBudgetVariance$12,117.23 $13,913.00 (1,795.77)Favorable: Due to reduced payroll costs (less overlap of hourly employees) in an effort to reduce expenses in the summer season.ActualBudgetVariance$11,732.58 $8,539.00 3,193.58Unfavorable: Due to timing of invoices from Kiner Marketing and Time Warner Cable. This will offset as we continue through the 2015-2016 Fiscal Year.ActualBudgetVariance$19,830.82 $17,368.00 2,462.82Unfavorable: Due to an increase in Property Tax for the new maintenance equipment. This was unfortunately not projected for in the Annual Plan.Variance ExplanationJuly 2015The 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%.Miscellaneous Golf RevenueGolf ShopMarketingMiscellaneous Other Expenses3 Income July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous81.95 - 81.95 81.95 - 81.95 00 0%4100110 Sales Hard Goods4,520.73 3,124.00 1,396.73 4,520.73 3,124.00 1,396.73 97,505.00 92,984.27 95.4%4100112 Sales-Soft Goods5,818.50 5,801.00 17.50 5,818.50 5,801.00 17.50 181,080.00 175,261.50 96.8%5100639 GS-Discounts-Mdse (1,622.02) - (1,622.02) (1,622.02) - (1,622.02) - 1,622.02 0.0% Total Revenue Golf Shop8,799.16 8,925.00 (125.84) 8,799.16 8,925.00 (125.84) 278,585.00 269,867.79 96.9%COS 5100150 COS-GS-Hard Goods 2,488.21 1,811.92 676.29 2,488.21 1,811.92 676.29 56,552.90 54,064.69 95.6%5100151 COS-GS-Soft Goods 2,699.57 3,364.58 (665.01) 2,699.57 3,364.58 (665.01) 105,026.40 102,326.83 97.4%5100152 COS-GS-Purchase Disc - (259.00) 259.00 - (259.00) 259.00 (8,079.00) (8,079.00) 100.0%5100220 COS-GS-Freight Merch 70.49 78.00 (7.51) 70.49 78.00 (7.51) 2,424.00 2,353.51 97.1%Cost of Sales - Golf Shop5,258.27 4,995.50 262.77 5,258.27 4,995.50 262.77 155,924.30 150,666.03 96.6%Gross Profit 3,540.89 3,929.50 (388.61) 3,540.89 3,929.50 (388.61) 122,660.70 119,201.76 97.2%COS %59.8% 56.0% -3.8% 59.8% 56.0% -3.8% 53.1% 55.8% 105.2%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,665.70 2,046.00 (380.30) 1,665.70 2,046.00 (380.30) 27,621.00 25,955.30 94.0%6101325 Insurance-Workers Comp 1,027.61 343.00 684.61 1,027.61 343.00 684.61 5,042.00 4,014.39 79.6%6101720 Salaries3,225.70 3,950.00 (724.30) 3,225.70 3,950.00 (724.30) 45,000.00 41,774.30 92.8%6101800 Taxes-Employer Payroll 707.15 1,279.00 (571.85) 707.15 1,279.00 (571.85) 18,825.00 18,117.85 96.2%6101880 Wages-Hourly5,185.39 5,185.00 0.39 5,185.39 5,185.00 0.39 89,463.00 84,277.61 94.2%6101882 Wages-Overtime64.32 - 64.32 64.32 - 64.32 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 11,875.87 12,803.00 (927.13) 11,875.87 12,803.00 (927.13) 185,951.00 175,092.33 94.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office- 250.00 (250.00) - 250.00 (250.00) 3,000.00 3,000.00 100.0%6109220 Freight & Delivery- - - - - - 75.00 75.00 100.0%6109490 Miscellaneous70.90 500.00 (429.10) 70.90 500.00 (429.10) 6,000.00 5,929.10 98.8%6109150 Dues and Subscriptions 102.30 - 102.30 102.30 - 102.30 2,300.00 2,197.70 95.6%6109500 ProShop-Over/Short0.20 - 0.20 0.20 - 0.20 - (0.20) 0.0%6109722 Seminars/Training- 150.00 (150.00) - 150.00 (150.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms- 100.00 (100.00) - 100.00 (100.00) 2,400.00 2,400.00 100.0%6117840 Telephones67.96 110.00 (42.04) 67.96 110.00 (42.04) 1,320.00 1,252.04 94.9%241.36 1,110.00 (868.64) 241.36 1,110.00 (868.64) 18,875.00 18,633.64 98.7%12,117.23 13,913.00 (1,795.77) 12,117.23 13,913.00 (1,795.77) 204,826.00 193,725.97 94.6%Net Income(8,576.34) (9,983.50) 1,407.16 (8,576.34) (9,983.50) 1,407.16 (82,165.30) (74,524.21) 90.7%SilverRock ResortGolf Shop Income StatementJuly 2015Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group9,178.68 8,990.00 188.68 9,178.68 8,990.00 188.68 107,880.00 98,701.32 91.5%6311325 Insurance-Workers Comp2,855.27 1,825.00 1,030.27 2,855.27 1,825.00 1,030.27 24,794.00 21,938.73 88.5%6311720 Salaries10,620.80 11,900.00 (1,279.20) 10,620.80 11,900.00 (1,279.20) 142,017.20 131,396.40 92.5%6311800 Taxes-Employer Payroll3,862.89 6,814.00 (2,951.11) 3,862.89 6,814.00 (2,951.11) 93,302.00 89,439.11 95.9%6311880 Wages-Hourly37,727.07 36,772.00 955.07 37,727.07 36,772.00 955.07 508,481.80 470,754.73 92.6%6311882 Wages-Overtime44.44 - 44.44 44.44 - 44.44 15,945.00 15,900.56 99.7%Total-CM-SALARIES & BENEFITS64,289.15 66,301.00 (2,011.85) 64,289.15 66,301.00 (2,011.85) 892,420.00 828,130.85 92.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals6,279.17 3,000.00 3,279.17 6,279.17 3,000.00 3,279.17 34,600.00 28,320.83 81.9%6313744 Fertilizer11,370.48 9,000.00 2,370.48 11,370.48 9,000.00 2,370.48 112,500.00 101,129.52 89.9%6313745 Herbicides- - - - - - 17,000.00 17,000.00 100.0%6313746 Flowers/Plants- - - - - - 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline5,104.12 5,200.00 (95.88) 5,104.12 5,200.00 (95.88) 55,020.00 49,915.88 90.7%6313750 Golf Course Accessories751.90 200.00 551.90 751.90 200.00 551.90 13,000.00 12,248.10 94.2%6313756 POA Control250.09 - 250.09 250.09 - 250.09 7,000.00 6,749.91 96.4%6313758 Miscellaneous Supp537.82 750.00 (212.18) 537.82 750.00 (212.18) 4,350.00 3,812.18 87.6%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 Sod999.63 1,000.00 (0.37) 999.63 1,000.00 (0.37) 10,450.00 9,450.37 90.4%6313782 Topdressing- - - - - - 10,600.00 10,600.00 100.0%Total-CM-SUPPLIES & MATERIALS25,293.21 19,990.00 5,303.21 25,293.21 19,990.00 5,303.21 411,930.00 386,636.79 93.9%63-CM-REPAIRS & MAINTENANCE6315095 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 1,320.00 1,250.00 70.00 1,320.00 1,250.00 70.00 5,550.00 4,230.00 76.2%6315690 CM-R&M-Equipment3,439.86 2,000.00 1,439.86 3,439.86 2,000.00 1,439.86 40,000.00 36,560.14 91.4%6315692 CM-R&M-Irrigation System4,135.55 4,400.00 (264.45) 4,135.55 4,400.00 (264.45) 19,050.00 14,914.45 78.3%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 & MAINTENANCE11,725.41 11,250.00 475.41 11,725.41 11,250.00 475.41 118,350.00 106,624.59 90.1%6317836 Utilities-Natural Gas/LPG 21.44 15.00 6.44 21.44 15.00 6.44 180.00 158.56 0.0%6317840 Telephones1,645.02 850.00 795.02 1,645.02 850.00 795.02 10,200.00 8,554.98 83.9%Total-CM-UTILITIES1,666.46 865.00 801.46 1,666.46 865.00 801.46 10,380.00 8,713.54 83.9%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance500.00 500.00 - 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 Removal752.46 524.00 228.46 752.46 524.00 228.46 6,288.00 5,535.54 88.0%6319150 Dues & Subscriptions135.00 - 135.00 135.00 - 135.00 540.00 405.00 75.0%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- 100.00 (100.00) - 100.00 (100.00) 4,180.00 4,180.00 100.0%6319490 Miscellaneous- 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training139.86 200.00 (60.14) 139.86 200.00 (60.14) 3,850.00 3,710.14 96.4%6319822 Uniforms869.45 920.00 (50.55) 869.45 920.00 (50.55) 11,040.00 10,170.55 92.1%Total-CM-OTHER EXPENSES2,396.77 2,594.00 (197.23) 2,396.77 2,594.00 (197.23) 42,048.00 39,651.23 94.3%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementJuly 2015Annual Budget5 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,948.10 2,728.00 (779.90) 1,948.10 2,728.00 (779.90) 32,736.00 30,787.90 94.0%6321325 Insurance-Workers Comp616.52 483.00 133.52 616.52 483.00 133.52 6,171.00 5,554.48 90.0%6321800 Taxes-Employer Payroll1,069.52 1,803.00 (733.48) 1,069.52 1,803.00 (733.48) 23,334.00 22,264.48 95.4%6321880 Wages-Hourly12,137.36 12,880.00 (742.64) 12,137.36 12,880.00 (742.64) 160,320.00 148,182.64 92.4%6321882 Wages-Overtime- - - - - - 6,351.00 6,351.00 100.0%Total-CM-LM-SALARIES & BENEFITS15,771.50 17,894.00 (2,122.50) 15,771.50 17,894.00 (2,122.50) 228,912.00 213,140.50 93.1%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 100.00 (100.00) - 100.00 (100.00) 1,025.00 1,025.00 100.0%6323788 Uniforms181.23 290.00 (108.77) 181.23 290.00 (108.77) 3,480.00 3,298.77 94.8%Total-CM-LM-SUPPLIES & MATERIALS181.23 390.00 (208.77) 181.23 390.00 (208.77) 4,505.00 4,323.77 96.0%632-CM-LM-REPAIRS & MAINTENANCE6325687 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%121,323.73 119,534.00 1,789.73 121,323.73 119,534.00 1,789.73 1,712,795.00 1,591,471.27 92.9% July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 14,720.94 13,265.00 1,455.94 14,720.94 13,265.00 1,455.94 179,791.00 165,070.06 91.8%6337842 Utilities-Water6,584.94 7,000.00 (415.06) 6,584.94 7,000.00 (415.06) 45,338.00 38,753.06 85.5%21,305.88 20,265.00 1,040.88 21,305.88 20,265.00 1,040.88 225,129.00 203,823.12 90.5%Total-COURSE MAINTENANCECourse Maintenance Expense StatementJuly 2015Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyJuly 2015Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 682.00 (682.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp399.47 258.00 141.47 399.47 258.00 141.47 5,229.00 4,829.53 92.4%6411800 Taxes-Employer Payroll814.28 857.00 (42.72) 814.28 857.00 (42.72) 17,360.00 16,545.72 95.3%6411880 Wages-Hourly6,680.25 6,885.00 (204.75) 6,680.25 6,885.00 (204.75) 139,434.00 132,753.75 95.2%6411882 Wages-Overtime 54.03 - 54.03 54.03 - 54.03 - (54.03) 0.0%Total-CBR-SALARIES & BENEFITS7,948.03 8,682.00 (733.97) 7,948.03 8,682.00 (733.97) 170,207.00 162,258.97 95.3%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 651.72 - 651.72 651.72 - 651.72 1,850.00 `0.0%6413742 Supplies-Expendable186.82 600.00 (413.18) 186.82 600.00 (413.18) 6,750.00 6,563.18 97.2%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-Towels320.00 120.00 200.00 320.00 120.00 200.00 2,182.00 1,862.00 85.3%6413796 Supplies-Bottled Water- 50.00 (50.00) - 50.00 (50.00) 11,000.00 11,000.00 100.0%Total-CBR-SUPPLIES & MATERIALS1,158.54 795.00 363.54 1,158.54 795.00 363.54 34,727.00 32,370.18 93.2%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) - 300.00 (300.00) 3,600.00 3,600.00 100.0%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- 800.00 (800.00) - 800.00 (800.00) 10,050.00 10,050.00 100.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen416.11 800.00 (383.89) 416.11 800.00 (383.89) 9,600.00 9,183.89 95.7%6419220 Freight/Delivery- 75.00 (75.00) - 75.00 (75.00) 450.00 450.00 100.0%6419490 Miscellaneous600.00 600.00 - 600.00 600.00 - 7,200.00 6,600.00 91.7%6419820 Uniforms - - - - - - 5,200.00 5,200.00 100.0%Total-CBR-OTHER EXPENSES1,016.11 1,475.00 (458.89) 1,016.11 1,475.00 (458.89) 22,450.00 21,433.89 95.5%TOTAL-CARTS,BAGROOM & RANGE 10,122.68 11,752.00 (458.89) 10,122.68 11,752.00 (1,629.32) 237,434.00 226,113.04 95.2%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp146.37 99.00 47.37 146.37 99.00 47.37 2,179.00 2,032.63 93.3%6431800 Taxes-Employer Payroll420.24 369.00 51.24 420.24 369.00 51.24 8,135.00 7,714.76 94.8%6431880 Wages-Hourly3,310.00 2,639.00 671.00 3,310.00 2,639.00 671.00 58,108.00 54,798.00 94.3%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS3,876.61 3,107.00 769.61 3,876.61 3,107.00 769.61 68,422.00 64,545.39 94.3%643-CS-OTHER EXPENSES6433742 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 3,876.61 3,282.00 594.61 3,876.61 3,282.00 594.61 72,397.00 68,520.39 94.6%13,999.29 15,034.00 (1,034.71) 13,999.29 15,034.00 (1,034.71) 309,831.00 290,658.43 93.8%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJuly 2015Annual Budget7 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 400.00 400.00 - 4,800.00 4,400.00 91.7%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 400.00 400.00 - 4,800.00 4,400.00 91.7%65-CH-UTILITIES6507836 Utilities-Natural Gas394.29 300.00 94.29 394.29 300.00 94.29 3,600.00 3,205.71 89.0%6507840 Utilities-Telephone1,078.89 1,150.00 (71.11) 1,078.89 1,150.00 (71.11) 13,800.00 12,721.11 92.2%6507842 Utilities-Water519.00 321.00 198.00 519.00 321.00 198.00 3,852.00 3,333.00 86.5%6507844 Utilities-Cable481.41 340.00 141.41 481.41 340.00 141.41 4,080.00 3,598.59 88.2%Total-CH-UTILITIES2,473.59 2,111.00 362.59 2,473.59 2,111.00 362.59 25,332.00 22,858.41 90.2%65-CH-OTHER EXPENSES6509091 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-Security5,158.56 4,900.00 258.56 5,158.56 4,900.00 258.56 60,400.00 55,241.44 91.5%6509215 Flowers & Decorations57.56 - 57.56 57.56 - 57.56 1,900.00 1,842.44 97.0%6509490 Miscellaneous- 200.00 (200.00) - 200.00 (200.00) 7,000.00 7,000.00 100.0%6509718 Safety Equipment & Training- 100.00 (100.00) - 100.00 (100.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES7,041.12 7,025.00 16.12 7,041.12 7,025.00 16.12 93,000.00 85,958.88 92.4%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures142.36 300.00 (157.64) 142.36 300.00 (157.64) 3,600.00 3,457.64 96.0%6515686 CH-R&M-Restaurant Repairs245.00 400.00 (155.00) 245.00 400.00 (155.00) 4,800.00 4,555.00 94.9%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 & MAINTENANCE387.36 1,100.00 (712.64) 387.36 1,100.00 (712.64) 13,200.00 12,812.64 97.1%10,302.07 10,636.00 (333.93) 10,302.07 10,636.00 (333.93) 136,332.00 25,625.28 18.8%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJuly 2015Annual Budget8 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 329.00 341.00 (12.00) 329.00 341.00 (12.00) 4,092.00 3,763.00 92.0%6601325 Insurance-Workers Comp387.00 94.00 293.00 387.00 94.00 293.00 1,129.00 742.00 65.7%6601720 Salaries1,704.70 2,508.00 (803.30) 1,704.70 2,508.00 (803.30) 30,096.00 28,391.30 94.3%6601800 Taxes-Employer Payroll145.72 351.00 (205.28) 145.72 351.00 (205.28) 4,213.00 4,067.28 96.5%Total-MKT-SALARIES & BENEFITS2,566.42 3,294.00 (727.58) 2,566.42 3,294.00 (727.58) 39,530.00 36,963.58 93.5%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 289.75 100.00 189.75 289.75 100.00 189.75 1,200.00 910.25 75.9%6603768 Supplies-Printing & Stationery 342.99 - 342.99 342.99 - 342.99 4,425.00 4,082.01 92.2%632.74 100.00 532.74 632.74 100.00 532.74 5,625.00 4,992.26 88.8%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 58.08 100.00 (41.92) 1,200.00 1,141.92 95.2%Total-MKT-UTILITIES58.08 100.00 (41.92) 58.08 100.00 (41.92) 1,200.00 1,141.92 95.2%66-MKT-OTHER EXPENSES6609010 Advertising 8,475.34 4,745.00 3,730.34 8,475.34 4,745.00 3,730.34 178,987.00 170,511.66 95.3%6609040 Business Meals- - - - - - 300.00 300.00 100.0%6609080 Collateral Material- - - - - - 5,500.00 5,500.00 100.0%6609102 Contract Services-Web Page- 150.00 (150.00) - 150.00 (150.00) 1,800.00 1,800.00 100.0%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- 25.00 (25.00) - 25.00 (25.00) 700.00 700.00 100.0%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 EXPENSES8,475.34 5,045.00 3,430.34 8,475.34 5,045.00 3,430.34 193,822.00 185,346.66 95.6%11,732.58 8,539.00 3,193.58 11,732.58 8,539.00 3,193.58 240,177.00 228,444.42 95.1%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJuly 2015Annual Budget9 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,373.45 1,488.00 (114.55) 1,373.45 1,488.00 (114.55) 17,856.00 16,482.55 92.3%6701325 Insurance-Workers Comp820.24 594.00 226.24 820.24 594.00 226.24 7,717.00 6,896.76 89.4%6701720 Salaries13,676.00 13,438.00 238.00 13,676.00 13,438.00 238.00 177,996.00 164,320.00 92.3%6701800 Taxes-Employer Payroll1,229.97 2,219.00 (989.03) 1,229.97 2,219.00 (989.03) 28,812.00 27,582.03 95.7%6701880 Wages-Hourly2,402.00 2,412.00 (10.00) 2,402.00 2,412.00 (10.00) 27,800.00 25,398.00 91.4%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS19,501.66 20,151.00 (649.34) 19,501.66 20,151.00 (649.34) 260,181.00 240,679.34 92.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer234.02 500.00 (265.98) 234.02 500.00 (265.98) 6,300.00 6,065.98 96.3%6703762 Supplies-Office94.54 150.00 (55.46) 94.54 150.00 (55.46) 1,800.00 1,705.46 94.7%6703768 Supplies-Printing & Stationery84.00 100.00 (16.00) 84.00 100.00 (16.00) 3,300.00 3,216.00 97.5%Total-G&A-SUPPLIES & MATERIALS412.56 750.00 (337.44) 412.56 750.00 (337.44) 11,400.00 10,987.44 96.4%67-G&A-REPAIRS & MAINTENANCE6705690 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 EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 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/Relocation60.00 - 60.00 60.00 - 60.00 1,400.00 1,340.00 95.7%6709197 Equipment Rental701.03 550.00 151.03 701.03 550.00 151.03 6,600.00 5,898.97 89.4%6709202 Fees-Bank136.20 90.00 46.20 136.20 90.00 46.20 1,080.00 943.80 87.4%6709208 Fees-Payroll Processing1,089.46 1,200.00 (110.54) 1,089.46 1,200.00 (110.54) 14,400.00 13,310.54 92.4%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 Services106.54 75.00 31.54 106.54 75.00 31.54 900.00 793.46 88.2%6709625 Professional Fees954.00 850.00 104.00 954.00 850.00 104.00 10,200.00 9,246.00 90.6%6709636 Promotion/Entertainment- 100.00 (100.00) - 100.00 (100.00) 6,600.00 6,600.00 100.0%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- 75.00 900.00 - 75.00 (75.00) 1,050.00 1,050.00 100.0%Total-G&A-OTHER EXPENSES3,447.23 3,740.00 682.23 3,447.23 3,740.00 (292.77) 54,030.00 50,582.77 93.6%23,361.45 24,641.00 (1,279.55) 23,361.45 24,641.00 (1,279.55) 327,511.00 304,149.55 92.9%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementJuly 2015Annual Budget10 July Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,050.00 313.45 10,363.45 10,050.00 313.45 121,050.00 110,686.55 91.4%6800193 Equipment Leases-Maintenance 5,571.50 6,050.00 (478.50) 5,571.50 6,050.00 (478.50) 72,600.00 67,028.50 92.3%6800194 Equipment Leases-Trailer260.00 600.00 (340.00) 260.00 600.00 (340.00) 7,200.00 6,940.00 96.4%6800196 Equipment Leases-GPS4,500.00 4,700.00 (200.00) 4,500.00 4,700.00 (200.00) 56,400.00 51,900.00 92.0%6800197 Equipment Leases-Others1,666.00 1,150.00 516.00 1,666.00 1,150.00 516.00 13,800.00 12,134.00 0.0%22,360.95 22,550.00 (189.05) 22,360.95 22,550.00 (189.05) 271,050.00 248,689.05 91.8%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,320.00 8,320.00 - 8,320.00 8,320.00 - 99,840.00 91,520.00 91.7%6900210 FF&E Reserve1,733.69 1,648.00 85.69 1,733.69 1,648.00 85.69 63,985.00 62,251.31 97.3%6900800 Personal Property Taxes6,624.42 5,200.00 1,424.42 6,624.42 5,200.00 1,424.42 11,800.00 5,175.58 43.9%6900323 Insurance-Commercial3,152.71 2,200.00 952.71 3,152.71 2,200.00 952.71 26,400.00 23,247.29 88.1%19,830.82 17,368.00 2,462.82 19,830.82 17,368.00 2,462.82 202,025.00 182,194.18 90.2%*Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJuly 2015Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐20162015 2015 2015 2015 2015 2015Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia2SalesPromotionGolf IndustryVIPCelebrityPGA Comp38Charity/Gift CertificateRain/Wind Checks12Club Staff95LQ HS Golf21168000002016 2016 2016 2016 2016 2016Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐2016July 2015 Date Time DescriptionCategoryPlayers7/9/2015 7:00 a.m. Time Warner Media 213