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05 November 2015 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2015 – November 2015 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Variance Report 3 Golf Shop Income Statement 4 Course Maintenance Expense Statement 5 Outside Service Expense Statement 7 Clubhouse Expense Statement 8 Marketing Expense Statement 9 General & Administrative Expense Statement 10 Operating Leases & Miscellaneous Expense Statement 12 Complimentary Report 13 Annual BudgetAccount Description November Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue342,091.56 334,335.00 7,756.56 2.3% 657,683.31 636,108.00 21,575.31 3,199,237.00 2,541,553.69 21%401000 Miscellaneous Golf Revenue53,627.00 44,915.00 8,712.00 19.4% 93,138.50 74,930.00 18,208.50 349,259.00 256,120.50 27%410000 Revenue-Golf Shop26,928.11 30,225.00 (3,296.89) -10.9% 58,284.25 63,061.00 (4,776.75) 278,585.00 220,300.75 21%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%4,500.00 4,500.00 - 12,000.00 7,500.00 38%890000 Interest Income2.02 - 2.02 10.20 - 10.20 - (10.20) 0%Total Income424,148.69 410,975.00 13,173.69 3.2% 813,616.26 778,599.00 35,017.26 3,839,081.00 3,025,464.74 21%Cost of Goods Sold510000 COS-Golf Shop14,627.38 16,916.50 (2,289.12) 13.5% 32,711.34 35,294.38 2,583.04 155,924.00 123,212.66 21%Total COS14,627.38 16,916.50 (2,289.12) 13.5% 32,711.34 35,294.38 2,583.04 155,924.00 123,212.66 21%Gross Profit409,521.31 394,058.50 15,462.81 3.9% 780,904.92 743,304.62 37,600.30 3,683,157.00 2,902,252.08 21%Expenses610000 Golf Pro Shop 17,401.85 18,594.00 (1,192.15) 6.4% 68,419.28 72,309.00 (3,889.72) 204,827.00 136,407.72 33%630000 Course Maintenance167,502.40 166,737.00 765.40 -0.5% 831,409.20 839,468.00 (8,058.80) 1,712,795.00 881,385.80 49%633000 Maintenance Water & Energy15,940.03 13,905.00 2,035.03 -14.6% 98,102.80 90,515.00 7,587.80 225,129.00 127,026.20 44%640000 Outside Services31,477.11 34,470.00 (2,992.89) 8.7% 97,422.32 99,590.00 (2,167.68) 309,830.00 212,407.68 31%650000 Clubhouse13,935.29 12,936.00 999.29 -7.7% 57,813.69 56,580.00 1,233.69 136,332.00 78,518.31 42%660000 Marketing18,843.43 31,999.00 (13,155.57) 41.1% 79,730.94 91,734.00 (12,003.06) 240,177.00 160,446.06 33%670000 General & Administrative27,854.13 30,586.00 (2,731.87) 8.9% 122,300.69 131,387.00 (9,086.31) 327,511.00 205,210.31 37%680000 Leases24,021.77 22,550.00 1,471.77 -6.5% 112,929.35 113,200.00 (270.65) 271,050.00 158,120.65 42%690000 Miscellaneous Other Expense19,310.99 17,207.00 2,103.99 -12.2% 81,883.25 77,123.00 4,760.25 202,025.00 120,141.75 41%Total Expenses336,287.00 348,984.00 (12,697.00) 3.6% 1,550,011.52 1,571,906.00 21,894.48 3,629,676.00 2,079,664.48 43%73,234.31 45,074.50 28,159.81 62.5%(769,106.60) (828,601.38) 59,494.78 53,481.00 822,587.60 0%Rounds of Golf PlayedPaid Rounds Played4,854 4,650 204 4.4%12,991 13,075 (84) 41,100 28,109 32%Ave $ Per Paid Round Green Fee70.48 71.90 (1.42) -2.0%50.63 48.65 1.98 77.84 27.21 65%Ave $ Per Paid Round Merchandise5.55 6.50 (0.95) -14.7%4.49 4.82 (0.34) 6.78 2.29 66%Ave $ Per Paid Miscellaneous 11.05 9.66 1.39 14.4%7.17 5.73 1.44 8.50 1.33 84%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateNovember 20151 Income November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees342,091.56 334,335.00 7,756.56 657,683.31 636,108.00 21,575.31 3,199,237.00 2,541,553.69 79.4%4010000 Rider Fee1,225.00 465.00 760.00 3,307.50 1,308.00 1,999.50 7,738.00 4,430.50 57.3%4040000 Club Rental2,990.00 2,325.00 665.00 5,925.00 6,538.00 (613.00) 23,238.00 17,313.00 74.5%4050000 Driving Range12,527.00 11,625.00 902.00 22,577.00 19,284.00 3,293.00 100,984.00 78,407.00 77.6%4060000 Handicap Fees- - - - - - 2,500.00 2,500.00 100.0%4080000 GPS Advertising- 500.00 (500.00) - 900.00 (900.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract - - - 894.00 2,000.00 (1,106.00) 4,000.00 3,106.00 77.7%4091000 Golf Professional Rental Fee 6,000.00 5,000.00 1,000.00 6,000.00 5,000.00 1,000.00 37,000.00 31,000.00 83.8%4092000 Golf Lessons - - - - - - - - 0.0%4093000 Resident Card Issue30,885.00 25,000.00 5,885.00 54,435.00 39,900.00 14,535.00 171,200.00 116,765.00 68.2% Total Revenue Fees395,718.56 379,250.00 16,468.56 750,821.81 711,038.00 39,783.81 3,548,497.00 2,797,675.19 78.8%395,718.56 379,250.00 16,468.56 750,821.81 711,038.00 39,783.81 3,548,497.00 2,797,675.19 78.8%SilverRock ResortStatement of Fees RevenueNovember 2015Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$53,627.00 $44,915.00 8,712.00Favorable: Due to increased sales of La Quinta resident cards and one (1) additional golf professional which increase revenues for golf instruction.ActualBudgetVariance$26,928.11 $30,225.00 (3,296.89)Unfavorable: Due to instability of the Canadian Dollar which currently is at a sharp low value compared to the U.S. Dollar. A large percentage of our clientele are Canadians.ExpensesActualBudgetVariance$15,940.03 $13,905.00 2,035.03Unfavorable: Due to warmer than normal temperatures requiring more water for the premature rye grass.ActualBudgetVariance$18,843.43 $31,999.00 (13,155.57)Favorable: Due to timing of advertisement invoices. We are currently tracking close to budget amounts year to date.MarketingVariance ExplanationNovember 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 RevenuePro Shop Merchandise SalesWater & Energy3 Income November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous378.00 - 378.00 878.61 - 878.61 00 0%4100110 Sales Hard Goods8,302.76 10,579.00 (2,276.24) 24,125.62 22,072.00 2,053.62 97,505.00 73,379.38 75.3%4100112 Sales-Soft Goods21,106.00 19,646.00 1,460.00 40,163.50 40,989.00 (825.50) 181,080.00 140,916.50 77.8%5100639 GS-Discounts-Mdse (2,858.65) - (2,858.65) (6,883.48) - (6,883.48) - 6,883.48 0.0% Total Revenue Golf Shop26,928.11 30,225.00 (3,296.89) 58,284.25 63,061.00 (4,776.75) 278,585.00 221,179.36 79.4%COS 5100150 COS-GS-Hard Goods 5,197.47 6,135.82 (938.35) 13,483.59 12,801.76 681.83 56,552.90 43,069.31 76.2%5100151 COS-GS-Soft Goods 8,992.10 11,394.68 (2,402.58) 17,684.80 23,773.62 (6,088.82) 105,026.40 87,341.60 83.2%5100152 COS-GS-Purchase Disc (38.64) (877.00) 838.36 (38.64) (1,830.00) 1,791.36 (8,079.00) (8,040.36) 99.5%5100220 COS-GS-Freight Merch 476.45 263.00 213.45 1,581.59 549.00 1,032.59 2,424.00 842.41 34.8%Cost of Sales - Golf Shop14,627.38 16,916.50 (2,289.12) 32,711.34 35,294.38 (2,583.04) 155,924.30 123,212.96 79.0%Gross Profit 12,300.73 13,308.50 (1,007.77) 25,572.91 27,766.62 (2,193.71) 122,660.70 97,966.40 79.9%COS % 54.3% 56.0% 1.6% 56.1% 56.0% -0.2% 53.1% 55.7% 104.9%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,697.76 2,387.00 (689.24) 8,430.12 10,912.00 (2,481.88) 27,621.00 19,190.88 69.5%6101325 Insurance-Workers Comp 403.20 478.00 (74.80) 2,391.01 1,765.00 626.01 5,042.00 2,650.99 52.6%6101720 Salaries4,079.40 3,950.00 129.40 19,249.55 19,750.00 (500.45) 45,000.00 25,750.45 57.2%6101800 Taxes-Employer Payroll 1,585.53 1,786.00 (200.47) 4,392.18 6,586.00 (2,193.82) 18,825.00 14,432.82 76.7%6101880 Wages-Hourly9,071.40 8,808.00 263.40 29,196.04 27,296.00 1,900.04 89,463.00 60,266.96 67.4%6101882 Wages-Overtime- - - 105.38 - 105.38 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,837.29 17,409.00 (571.71) 63,764.28 66,309.00 (2,544.72) 185,951.00 123,244.98 66.3%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office- 250.00 (250.00) 741.52 1,250.00 (508.48) 3,000.00 2,258.48 75.3%6109220 Freight & Delivery- 25.00 (25.00) 140.00 50.00 90.00 75.00 (65.00) -86.7%6109490 Miscellaneous500.00 500.00 - 2,082.24 2,500.00 (417.76) 6,000.00 3,917.76 65.3%6109150 Dues and Subscriptions- - - 102.30 - 102.30 2,300.00 2,197.70 95.6%6109500 ProShop-Over/Short(5.40) - (5.40) (1.70) - (1.70) - 1.70 0.0%6109722 Seminars/Training- - - - 950.00 (950.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms69.96 300.00 (230.04) 1,327.17 700.00 627.17 2,400.00 1,072.83 44.7%6117840 Telephones- 110.00 (110.00) 263.47 550.00 (286.53) 1,320.00 1,056.53 80.0%564.56 1,185.00 (620.44) 4,655.00 6,000.00 (1,345.00) 18,875.00 14,220.00 75.3%17,401.85 18,594.00 (1,192.15) 68,419.28 72,309.00 (3,889.72) 204,826.00 137,464.98 67.1%Net Income(5,101.12) (5,285.50) 184.38 (42,846.37) (44,542.38) 1,696.01 (82,165.30) (39,498.58) 48.1%SilverRock ResortGolf Shop Income StatementNovember 2015Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group8,291.69 8,990.00 (698.31) 41,391.62 44,950.00 (3,558.38) 107,880.00 66,488.38 61.6%6311325 Insurance-Workers Comp1,944.60 2,065.00 (120.40) 11,514.25 9,868.00 1,646.25 24,794.00 13,279.75 53.6%6311720 Salaries11,900.80 11,900.00 0.80 57,364.00 59,500.00 (2,136.00) 142,017.20 84,653.20 59.6%6311800 Taxes-Employer Payroll7,691.03 7,708.00 (16.97) 30,333.22 37,331.00 (6,997.78) 93,302.00 62,968.78 67.5%6311880 Wages-Hourly43,327.74 43,156.00 171.74 202,198.60 196,628.00 5,570.60 508,481.80 306,283.20 60.2%6311882 Wages-Overtime- - - 9,947.12 10,526.00 (578.88) 15,945.00 5,997.88 37.6%Total-CM-SALARIES & BENEFITS73,155.86 73,819.00 (663.14) 352,748.81 358,803.00 (6,054.19) 892,420.00 539,671.19 60.5%63-CM-SUPPLIES & MATERIALS6313734 Chemicals7,343.37 6,900.00 443.37 27,785.56 20,500.00 7,285.56 34,600.00 6,814.44 19.7%6313744 Fertilizer11,659.74 7,500.00 4,159.74 65,786.84 61,000.00 4,786.84 112,500.00 46,713.16 41.5%6313745 Herbicides5,873.68 5,000.00 873.68 13,845.84 12,000.00 1,845.84 17,000.00 3,154.16 18.6%6313746 Flowers/Plants87.64 - 87.64 87.64 1,250.00 (1,162.36) 3,050.00 2,962.36 97.1%6313748 Fuel-Gasoline4,768.80 5,500.00 (731.20) 23,280.21 29,000.00 (5,719.79) 55,020.00 31,739.79 57.7%6313750 Golf Course Accessories470.73 200.00 270.73 10,552.59 11,100.00 (547.41) 13,000.00 2,447.41 18.8%6313756 POA Control4,055.41 3,500.00 555.41 4,554.17 3,500.00 1,054.17 7,000.00 2,445.83 34.9%6313758 Miscellaneous Supp845.19 500.00 345.19 2,583.33 3,250.00 (666.67) 4,350.00 1,766.67 40.6%6313762 Supplies-Office- - - - - - - - 0.0%6313774 Sand1,879.45 4,000.00 (2,120.55) 1,879.45 11,780.00 (9,900.55) 13,460.00 11,580.55 86.0%6313776 Seed23,875.50 20,500.00 3,375.50 132,015.98 123,450.00 8,565.98 125,900.00 (6,115.98) -4.9%6313778 Small Tools & Non-Capital Equip301.21 100.00 201.21 2,891.33 4,300.00 (1,408.67) 5,000.00 2,108.67 42.2%6313780 Sod- 3,250.00 (3,250.00) 5,597.26 9,000.00 (3,402.74) 10,450.00 4,852.74 46.4%6313782 Topdressing385.57 3,000.00 (2,614.43) 4,950.94 8,000.00 (3,049.06) 10,600.00 5,649.06 53.3%Total-CM-SUPPLIES & MATERIALS61,546.29 59,950.00 1,596.29 295,811.14 298,130.00 (2,318.86) 411,930.00 116,118.86 28.2%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint2,830.00 2,600.00 230.00 15,636.50 13,000.00 2,636.50 31,200.00 15,563.50 49.9%6315685 CM-R&M-Bldngs & Othr Structures 255.37 500.00 (244.63) 2,121.65 3,550.00 (1,428.35) 5,550.00 3,428.35 61.8%6315690 CM-R&M-Equipment4,683.91 4,000.00 683.91 26,488.14 21,500.00 4,988.14 40,000.00 13,511.86 33.8%6315692 CM-R&M-Irrigation System765.50 900.00 (134.50) 12,051.27 12,300.00 (248.73) 19,050.00 6,998.73 36.7%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 5,879.77 5,000.00 879.77 10,500.00 4,620.23 44.0%6315815 CM-R&M-Trees-Pruning Etc1,375.00 - 1,375.00 8,555.95 6,050.00 2,505.95 12,050.00 3,494.05 29.0%Total-CM-REPAIRS & MAINTENANCE9,909.78 9,000.00 909.78 70,733.28 61,400.00 9,333.28 118,350.00 47,616.72 40.2%6317836 Utilities-Natural Gas/LPG 18.56 15.00 3.56 99.37 75.00 24.37 180.00 80.63 0.0%6317840 Telephones1,031.83 850.00 181.83 5,446.91 4,250.00 1,196.91 10,200.00 4,753.09 46.6%Total-CM-UTILITIES1,050.39 865.00 185.39 5,546.28 4,325.00 1,221.28 10,380.00 4,833.72 46.6%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance500.00 500.00 - 2,500.00 2,500.00 - 6,000.00 3,500.00 58.3%6319100 Contract Svcs-Soil/Tissue Test- - - 2,000.00 2,000.00 - 4,000.00 2,000.00 50.0%6319102 Contract Svcs-Trash Removal752.46 524.00 228.46 3,762.30 2,620.00 1,142.30 6,288.00 2,525.70 40.2%6319150 Dues & Subscriptions- - - 575.00 - 575.00 540.00 (35.00) -6.5%6319170 Employee Education69.00 50.00 19.00 69.00 250.00 (181.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental- 600.00 (600.00) 911.44 2,100.00 (1,188.56) 3,400.00 2,488.56 73.2%6319206 Licenses & Permits- - - 223.89 280.00 (56.11) 4,180.00 3,956.11 94.6%6319490 Miscellaneous131.64 100.00 31.64 439.43 500.00 (60.57) 1,200.00 760.57 63.4%6319718 Safety Equipment & Training319.11 500.00 (180.89) 1,667.17 2,350.00 (682.83) 3,850.00 2,182.83 56.7%6319822 Uniforms1,248.48 920.00 328.48 4,794.91 4,600.00 194.91 11,040.00 6,245.09 56.6%Total-CM-OTHER EXPENSES3,020.69 3,194.00 (173.31) 16,943.14 17,200.00 (256.86) 42,048.00 25,104.86 59.7%SilverRock ResortCourse Maintenance Expense StatementNovember 2015Annual BudgetMonth to DateYear to Date5 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,916.70 2,728.00 (811.30) 9,740.20 13,640.00 (3,899.80) 32,736.00 22,995.80 70.2%6321325 Insurance-Workers Comp491.20 507.00 (15.80) 2,732.62 2,548.00 184.62 6,171.00 3,438.38 55.7%6321800 Taxes-Employer Payroll1,741.83 1,938.00 (196.17) 7,195.88 9,759.00 (2,563.12) 23,334.00 16,138.12 69.2%6321880 Wages-Hourly13,355.20 12,880.00 475.20 64,623.16 64,400.00 223.16 160,320.00 95,696.84 59.7%6321882 Wages-Overtime820.00 966.00 (146.00) 4,172.57 5,313.00 (1,140.43) 6,351.00 2,178.43 34.3%Total-CM-LM-SALARIES & BENEFITS18,324.93 19,019.00 (694.07) 88,464.43 95,660.00 (7,195.57) 228,912.00 140,447.57 61.4%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 500.00 (500.00) 1,025.00 1,025.00 100.0%6323788 Uniforms494.46 290.00 204.46 1,162.12 1,450.00 (287.88) 3,480.00 2,317.88 66.6%Total-CM-LM-SUPPLIES & MATERIALS494.46 390.00 104.46 1,162.12 1,950.00 (787.88) 4,505.00 3,342.88 74.2%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) - 2,000.00 (2,000.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) - 2,000.00 (2,000.00) 4,250.00 4,250.00 100.0%167,502.40 166,737.00 765.40 831,409.20 839,468.00 (8,058.80) 1,712,795.00 881,385.80 51.5% November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 11,637.40 10,650.00 987.40 69,454.70 63,700.00 5,754.70 179,791.00 110,336.30 61.4%6337842 Utilities-Water4,302.63 3,255.00 1,047.63 28,648.10 26,815.00 1,833.10 45,338.00 16,689.90 36.8%15,940.03 13,905.00 2,035.03 98,102.80 90,515.00 7,587.80 225,129.00 127,026.20 56.4%Silverrock ResortCourse Maintenance Water & EnergyNovember 2015Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementNovember 2015Silverrock ResortAnnual BudgetMonth to DateYear to Date6 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 3,410.00 (3,410.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp361.20 412.00 (50.80) 1,676.39 1,414.00 262.39 5,229.00 3,552.61 67.9%6411800 Taxes-Employer Payroll1,191.13 1,367.00 (175.87) 4,051.66 4,694.00 (642.34) 17,360.00 13,308.34 76.7%6411880 Wages-Hourly11,670.01 10,980.00 690.01 41,282.37 37,705.00 3,577.37 139,434.00 98,151.63 70.4%6411882 Wages-Overtime 3.38 - 3.38 232.93 - 232.93 - (232.93) 0.0%Total-CBR-SALARIES & BENEFITS13,225.72 13,441.00 (215.28) 47,243.35 47,223.00 20.35 170,207.00 122,963.65 72.2%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts500.00 500.00 - 3,106.88 1,000.00 2,106.88 1,850.00 `0.0%6413742 Supplies-Expendable113.40 1,800.00 (1,686.60) 3,093.64 3,300.00 (206.36) 6,750.00 3,656.36 54.2%6413748 Supplies-Fuel for Shuttle- 300.00 (300.00) - 500.00 (500.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls9,000.00 9,000.00 - 9,000.00 9,000.00 - 9,000.00 - 0.0%6413762 Supplies-Office- 50.00 (50.00) - 175.00 (175.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary- - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels 560.00 185.00 375.00 1,360.00 665.00 695.00 2,182.00 822.00 37.7%6413796 Supplies-Bottled Water108.00 50.00 58.00 540.00 3,700.00 (3,160.00) 11,000.00 10,460.00 95.1%Total-CBR-SUPPLIES & MATERIALS10,281.40 11,885.00 (1,603.60) 17,100.52 18,340.00 (1,239.48) 34,727.00 18,883.36 54.4%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment512.38 300.00 212.38 935.29 1,500.00 (564.71) 3,600.00 2,664.71 74.0%6415695 CBR-R&M-Cart Maintenance & Repair 500.00 500.00 - 3,038.24 2,950.00 88.24 6,450.00 3,411.76 52.9%Total-CBR-REPAIRS & MAINTENANCE1,012.38 800.00 212.38 3,973.53 4,450.00 (476.47) 10,050.00 6,076.47 60.5%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen757.99 800.00 (42.01) 2,186.20 4,000.00 (1,813.80) 9,600.00 7,413.80 77.2%6419220 Freight/Delivery- 75.00 (75.00) - 375.00 (375.00) 450.00 450.00 100.0%6419490 Miscellaneous15.13 600.00 (584.87) 1,956.91 3,000.00 (1,043.09) 7,200.00 5,243.09 72.8%6419820 Uniforms - 500.00 (500.00) 2,396.52 2,500.00 (103.48) 5,200.00 2,803.48 53.9%Total-CBR-OTHER EXPENSES773.12 1,975.00 (1,201.88) 6,539.63 9,875.00 (3,335.37) 22,450.00 15,910.37 70.9%TOTAL-CARTS,BAGROOM & RANGE25,292.62 28,101.00 (1,201.88) 74,857.03 79,888.00 (5,030.97) 237,434.00 163,833.85 69.0%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp199.76 194.00 5.76 767.75 568.00 199.75 2,179.00 1,411.25 64.8%6431800 Taxes-Employer Payroll620.93 725.00 (104.07) 1,918.09 2,122.00 (203.91) 8,135.00 6,216.91 76.4%6431880 Wages-Hourly5,243.00 5,175.00 68.00 17,389.62 15,162.00 2,227.62 58,108.00 40,718.38 70.1%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS6,063.69 6,094.00 (30.31) 20,075.46 17,852.00 2,223.46 68,422.00 48,346.54 70.7%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 200.20 400.00 (199.80) 1,050.00 849.80 80.9%6439490 Miscellaneous2.55 50.00 (47.45) 699.75 100.00 599.75 200.00 (499.75) -249.9%6439718 Safety Equipment & Training- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6439820 Uniforms 118.25 75.00 43.25 1,589.88 1,100.00 489.88 2,125.00 535.12 25.2%Total-CS-OTHER EXPENSES120.80 275.00 (154.20) 2,489.83 1,850.00 639.83 3,975.00 1,485.17 37.4%Total-COURSE SERVICES6,184.49 6,369.00 (184.51) 22,565.29 19,702.00 2,863.29 72,397.00 49,831.71 68.8%31,477.11 34,470.00 (2,992.89) 97,422.32 99,590.00 (2,167.68) 309,831.00 212,180.39 68.5%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementNovember 2015Annual Budget7 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 2,005.00 2,000.00 5.00 4,800.00 2,795.00 58.2%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,005.00 2,000.00 5.00 4,800.00 2,795.00 58.2%65-CH-UTILITIES6507836 Utilities-Natural Gas112.39 300.00 (187.61) 1,399.70 1,500.00 (100.30) 3,600.00 2,200.30 61.1%6507840 Utilities-Telephone1,097.10 1,150.00 (52.90) 4,283.11 5,750.00 (1,466.89) 13,800.00 9,516.89 69.0%6507842 Utilities-Water730.49 321.00 409.49 3,590.30 1,605.00 1,985.30 3,852.00 261.70 6.8%6507844 Utilities-Cable481.41 340.00 141.41 2,407.05 1,700.00 707.05 4,080.00 1,672.95 41.0%Total-CH-UTILITIES2,421.39 2,111.00 310.39 11,680.16 10,555.00 1,125.16 25,332.00 13,651.84 53.9%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 1,977.00 1,825.00 152.00 9,397.00 9,725.00 (328.00) 22,500.00 13,103.00 58.2%6509099 Contract Services-Security5,338.84 4,900.00 438.84 26,051.96 24,500.00 1,551.96 60,400.00 34,348.04 56.9%6509215 Flowers & Decorations63.73 - 63.73 312.48 500.00 (187.52) 1,900.00 1,587.52 83.6%6509490 Miscellaneous2,328.62 2,500.00 (171.38) 2,411.16 3,300.00 (888.84) 7,000.00 4,588.84 65.6%6509718 Safety Equipment & Training- 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES9,708.19 9,325.00 383.19 38,172.60 38,525.00 (352.40) 93,000.00 54,827.40 59.0%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures785.00 300.00 485.00 2,347.86 1,500.00 847.86 3,600.00 1,252.14 34.8%6515686 CH-R&M-Restaurant Repairs529.99 400.00 129.99 1,915.00 2,000.00 (85.00) 4,800.00 2,885.00 60.1%6515690 CH-R&M-Equipment Repair90.72 400.00 (309.28) 1,693.07 2,000.00 (306.93) 4,800.00 3,106.93 64.7%Total-CH-REPAIRS & MAINTENANCE1,405.71 1,100.00 305.71 5,955.93 5,500.00 455.93 13,200.00 7,244.07 54.9%13,935.29 12,936.00 999.29 57,813.69 56,580.00 1,233.69 136,332.00 14,488.14 10.6%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementNovember 2015Annual Budget8 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 219.00 341.00 (122.00) 1,700.00 1,705.00 (5.00) 4,092.00 2,392.00 58.5%6601325 Insurance-Workers Comp81.00 94.00 (13.00) 663.20 470.00 193.20 1,129.00 465.80 41.3%6601720 Salaries604.96 2,508.00 (1,903.04) 9,323.76 12,540.00 (3,216.24) 30,096.00 20,772.24 69.0%6601800 Taxes-Employer Payroll299.72 351.00 (51.28) 1,233.60 1,755.00 (521.40) 4,213.00 2,979.40 70.7%Total-MKT-SALARIES & BENEFITS1,204.68 3,294.00 (2,089.32) 12,920.56 16,470.00 (3,549.44) 39,530.00 26,609.44 67.3%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 423.47 500.00 (76.53) 1,200.00 776.53 64.7%6603768 Supplies-Printing & Stationery 286.85 200.00 86.85 1,413.61 3,400.00 (1,986.39) 4,425.00 3,011.39 68.1%286.85 300.00 (13.15) 1,837.08 3,900.00 (2,062.92) 5,625.00 3,787.92 67.3%66-MKT-UTILITIES6607840 Utilities-Telephone 58.08 100.00 (41.92) 305.40 500.00 (194.60) 1,200.00 894.60 74.6%Total-MKT-UTILITIES58.08 100.00 (41.92) 305.40 500.00 (194.60) 1,200.00 894.60 74.6%66-MKT-OTHER EXPENSES6609010 Advertising15,994.82 25,680.00 (9,685.18) 63,012.88 66,189.00 (3,176.12) 178,987.00 115,974.12 64.8%6609040 Business Meals- - - - - - 300.00 300.00 100.0%6609080 Collateral Material1,200.00 1,000.00 200.00 1,200.00 1,500.00 (300.00) 5,500.00 4,300.00 78.2%6609102 Contract Services-Web Page99.00 150.00 (51.00) 297.00 750.00 (453.00) 1,800.00 1,503.00 83.5%6609490 Miscellaneous- 50.00 (50.00) - 50.00 (50.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6609630 Promotion- 25.00 (25.00) - 125.00 (125.00) 700.00 700.00 100.0%6609633 Promotion-Community- 800.00 (800.00) 76.50 1,150.00 (1,073.50) 2,250.00 2,173.50 96.6%6609634 Promotion-Media/Vendor- 500.00 (500.00) - 500.00 (500.00) 2,000.00 2,000.00 100.0%6609150 Dues and Subscriptions- - - - - - 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 81.52 350.00 (268.48) 600.00 518.48 86.4%Total-MKT-OTHER EXPENSES17,293.82 28,305.00 (11,011.18) 64,667.90 70,864.00 (6,196.10) 193,822.00 129,154.10 66.6%18,843.43 31,999.00 (13,155.57) 79,730.94 91,734.00 (12,003.06) 240,177.00 160,446.06 66.8%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementNovember 2015Annual Budget9 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group993.60 1,488.00 (494.40) 5,733.48 7,440.00 (1,706.52) 17,856.00 12,122.52 67.9%6701325 Insurance-Workers Comp476.80 662.00 (185.20) 3,309.58 3,084.00 225.58 7,717.00 4,407.42 57.1%6701720 Salaries14,200.00 15,050.00 (850.00) 69,310.00 69,250.00 60.00 177,996.00 108,686.00 61.1%6701800 Taxes-Employer Payroll1,837.09 2,471.00 (633.91) 8,349.99 11,515.00 (3,165.01) 28,812.00 20,462.01 71.0%6701880 Wages-Hourly2,779.00 2,750.00 29.00 13,174.10 12,998.00 176.10 27,800.00 14,625.90 52.6%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,286.49 22,421.00 (2,134.51) 99,877.15 104,287.00 (4,409.85) 260,181.00 160,303.85 61.6%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer640.00 500.00 140.00 971.46 2,500.00 (1,528.54) 6,300.00 5,328.54 84.6%6703762 Supplies-Office174.30 150.00 24.30 767.05 750.00 17.05 1,800.00 1,032.95 57.4%6703768 Supplies-Printing & Stationery96.19 100.00 (3.81) 380.87 500.00 (119.13) 3,300.00 2,919.13 88.5%Total-G&A-SUPPLIES & MATERIALS910.49 750.00 160.49 2,119.38 3,750.00 (1,630.62) 11,400.00 9,280.62 81.4%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 841.40 900.00 (58.60) 841.40 1,200.00 (358.60) 1,900.00 1,058.60 55.7%Total-G&A-REPAIRS & MAINTENANCE841.40 900.00 (58.60) 841.40 1,200.00 (358.60) 1,900.00 1,058.60 55.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 2,000.00 2,000.00 - 4,800.00 2,800.00 58.3%6709150 Dues & Subscriptions- 50.00 (50.00) - 350.00 (350.00) 1,700.00 1,700.00 100.0%6709180 Employee Recruiting/Relocation120.00 200.00 (80.00) 180.00 600.00 (420.00) 1,400.00 1,220.00 87.1%6709197 Equipment Rental546.77 550.00 (3.23) 2,558.10 2,750.00 (191.90) 6,600.00 4,041.90 61.2%6709202 Fees-Bank107.97 90.00 17.97 655.90 450.00 205.90 1,080.00 424.10 39.3%6709208 Fees-Payroll Processing1,050.04 1,200.00 (149.96) 5,585.93 6,000.00 (414.07) 14,400.00 8,814.07 61.2%6709220 Freight/Delivery- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6709490 Miscellaneous2,275.00 2,600.00 (325.00) 2,313.78 3,000.00 (686.22) 1,200.00 (1,113.78) -92.8%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services219.25 75.00 144.25 575.84 375.00 200.84 900.00 324.16 36.0%6709625 Professional Fees954.70 850.00 104.70 4,892.70 4,250.00 642.70 10,200.00 5,307.30 52.0%6709636 Promotion/Entertainment- 100.00 (100.00) - 500.00 (500.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training- 200.00 (200.00) 250.00 1,000.00 (750.00) 2,400.00 2,150.00 89.6%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms142.02 150.00 900.00 450.51 525.00 (74.49) 1,050.00 599.49 57.1%Total-G&A-OTHER EXPENSES5,815.75 6,515.00 208.73 19,462.76 22,150.00 (2,687.24) 54,030.00 34,567.24 64.0%27,854.13 30,586.00 (2,731.87) 122,300.69 131,387.00 (9,086.31) 327,511.00 205,210.31 62.7%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementNovember 2015Annual Budget10 November Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,050.00 313.45 51,817.25 50,250.00 1,567.25 121,050.00 69,232.75 57.2%6800193 Equipment Leases-Maintenance 5,571.50 6,050.00 (478.50) 27,857.50 30,700.00 (2,842.50) 72,600.00 44,742.50 61.6%6800194 Equipment Leases-Trailer512.61 600.00 (87.39) 2,310.44 3,000.00 (689.56) 7,200.00 4,889.56 67.9%6800196 Equipment Leases-GPS4,500.00 4,700.00 (200.00) 22,500.00 23,500.00 (1,000.00) 56,400.00 33,900.00 60.1%6800197 Equipment Leases-Others3,074.21 1,150.00 1,924.21 8,444.16 5,750.00 2,694.16 13,800.00 5,355.84 0.0%24,021.77 22,550.00 1,471.77 112,929.35 113,200.00 (270.65) 271,050.00 158,120.65 58.3%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,320.00 8,320.00 - 41,600.00 41,600.00 - 99,840.00 58,240.00 58.3%6900210 FF&E Reserve6,841.83 6,687.00 154.83 13,153.67 12,723.00 430.67 63,985.00 50,831.33 79.4%6900800 Personal Property Taxes- - - 12,117.83 11,800.00 317.83 11,800.00 (317.83) -2.7%6900323 Insurance-Commercial4,149.16 2,200.00 1,949.16 15,011.75 11,000.00 4,011.75 26,400.00 11,388.25 43.1%19,310.99 17,207.00 2,103.99 81,883.25 77,123.00 4,760.25 202,025.00 120,141.75 59.5%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementNovember 2015Annual BudgetMonth to Date Year to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐20162015 2015 2015 2015 2015 2015Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia244SalesPromotionGolf IndustryVIPCelebrityPGA Comp3837381123Charity/Gift Certificate726Rain/Wind Checks1212Club Staff956280652LQ HS Golf21171825168 121 1431911202016 2016 2016 2016 2016 2016Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐2016November 2015 Date Time DescriptionCategoryPlayers11/16/2015 12:00:00 PM Juddy Spicer - Golf Writer Media211/25/2015 10:38:00 AM Tim Hunt - Publisher Aces Golf MagazineMedia213