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07 January 2016 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2015 – January 2016 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 January Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue375,778.24 388,875.00 (13,096.76) -3.4% 1,304,642.50 1,313,777.00 (9,134.50) 3,199,237.00 1,894,594.50 41%401000 Miscellaneous Golf Revenue52,375.89 48,950.00 3,425.89 7.0% 186,590.39 165,505.00 21,085.39 349,259.00 162,668.61 53%410000 Revenue-Golf Shop21,675.65 31,251.00 (9,575.35) -30.6% 100,444.84 119,937.00 (19,492.16) 278,585.00 178,140.16 36%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%7,500.00 7,500.00 - 12,000.00 4,500.00 63%890000 Interest Income0.72 - 0.72 11.67 - 11.67 - (11.67) 0%Total Income451,330.50 470,576.00 (19,245.50) -4.1% 1,599,189.40 1,606,719.00 (7,529.60) 3,839,081.00 2,239,891.60 42%Cost of Goods Sold510000 COS-Golf Shop11,904.33 17,491.58 (5,587.25) 31.9% 56,920.85 67,128.46 10,207.61 155,924.00 99,003.15 37%Total COS11,904.33 17,491.58 (5,587.25) 31.9% 56,920.85 67,128.46 10,207.61 155,924.00 99,003.15 37%Gross Profit439,426.17 453,084.42 (13,658.25) -3.0% 1,542,268.55 1,539,590.54 2,678.01 3,683,157.00 2,140,888.45 42%Expenses610000 Golf Pro Shop 18,616.46 20,034.00 (1,417.54) 7.1% 105,218.52 110,937.00 (5,718.48) 204,827.00 99,608.48 51%630000 Course Maintenance125,211.68 136,653.00 (11,441.32) 8.4% 1,082,442.54 1,107,920.00 (25,477.46) 1,712,795.00 630,352.46 63%633000 Maintenance Water & Energy18,537.75 16,876.00 1,661.75 -9.8% 130,652.96 118,806.00 11,846.96 225,129.00 94,476.04 58%640000 Outside Services34,686.27 33,580.00 1,106.27 -3.3% 168,994.68 164,418.00 4,576.68 309,830.00 140,835.32 55%650000 Clubhouse12,120.92 12,736.00 (615.08) 4.8% 82,438.49 79,952.00 2,486.49 136,332.00 53,893.51 60%660000 Marketing32,643.24 25,901.00 6,742.24 -26.0% 143,613.72 144,684.00 (1,070.28) 240,177.00 96,563.28 60%670000 General & Administrative25,920.20 27,411.00 (1,490.80) 5.4% 175,553.06 189,209.00 (13,655.94) 327,511.00 151,957.94 54%680000 Leases22,342.71 22,550.00 (207.29) 0.9% 157,905.83 158,300.00 (394.17) 271,050.00 113,144.17 58%690000 Miscellaneous Other Expense19,246.81 18,298.00 948.81 -5.2% 118,684.93 111,717.00 6,967.93 202,025.00 83,340.07 59%Total Expenses309,326.04 314,039.00 (4,712.96) 1.5% 2,165,504.73 2,185,943.00 20,438.27 3,629,676.00 1,464,171.27 60%130,100.13 139,045.42 (8,945.29) -6.4%(623,236.18) (646,352.46) 23,116.28 53,481.00 676,717.18 0%Rounds of Golf PlayedPaid Rounds Played4,719 5,000 (281) -5.6%21,682 22,175 (493) 41,100 19,418 53%Ave $ Per Paid Round Green Fee79.63 77.78 1.86 2.4%60.17 59.25 0.93 77.84 17.67 77%Ave $ Per Paid Round Merchandise4.59 6.25 (1.66) -26.5%4.63 5.41 (0.78) 6.78 2.15 68%Ave $ Per Paid Miscellaneous 11.10 9.79 1.31 13.4%8.61 7.46 1.14 8.50 (0.11) 101%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJanuary 20161 Income January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees375,778.24 388,875.00 (13,096.76) 1,304,642.50 1,313,777.00 (9,134.50) 3,199,237.00 1,894,594.50 59.2%4010000 Rider Fee1,250.00 1,250.00 - 5,482.50 3,583.00 1,899.50 7,738.00 2,255.50 29.1%4040000 Club Rental1,905.00 2,500.00 (595.00) 9,875.00 11,088.00 (1,213.00) 23,238.00 13,363.00 57.5%4050000 Driving Range15,410.00 15,000.00 410.00 47,567.00 44,534.00 3,033.00 100,984.00 53,417.00 52.9%4060000 Handicap Fees- 1,700.00 (1,700.00) - 1,700.00 (1,700.00) 2,500.00 2,500.00 100.0%4080000 GPS Advertising- 500.00 (500.00) - 1,900.00 (1,900.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract 603.80 1,000.00 (396.20) 1,497.80 3,000.00 (1,502.20) 4,000.00 2,502.20 62.6%4091000 Golf Professional Rental Fee 5,097.09 5,000.00 97.09 17,678.09 15,000.00 2,678.09 37,000.00 19,321.91 52.2%4092000 Golf Lessons - - - - - - - - 0.0%4093000 Resident Card Issue28,110.00 22,000.00 6,110.00 104,490.00 84,700.00 19,790.00 171,200.00 66,710.00 39.0% Total Revenue Fees428,154.13 437,825.00 (9,670.87) 1,491,232.89 1,479,282.00 11,950.89 3,548,497.00 2,057,264.11 58.0%428,154.13 437,825.00 (9,670.87) 1,491,232.89 1,479,282.00 11,950.89 3,548,497.00 2,057,264.11 58.0%SilverRock ResortStatement of Fees RevenueJanuary 2016Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$21,675.65$31,251.00(9,575.35)Unfavorable: Merchandise sales were down 13% as a result of consumer spending being reduced. The majority of this can be attributed to the weak Canadian Dollar that has become very weak against the Dollar. Nearly 1/3 of our players are Canadian during the winter & season months. ExpensesActualBudgetVariance$32,643.24$25,901.006,742.24Unfavorable: Due to timing of advertisement invoices, also, we are currently tracking with our year to date budgeted amount.MarketingVariance ExplanationJanuary 2016The 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 arePro Shop Merchandise Salesprovided for those cost of sales percentage that are greater than 5%.3-20-133 Income January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous250.00 - 250.00 1,212.69 - 1,212.69 00 0%4100110 Sales Hard Goods6,799.05 10,938.00 (4,138.95) 37,908.61 41,979.00 (4,070.39) 97,505.00 59,596.39 61.1%4100112 Sales-Soft Goods17,499.00 20,313.00 (2,814.00) 74,181.00 77,958.00 (3,777.00) 181,080.00 106,899.00 59.0%5100639 GS-Discounts-Mdse (2,872.40) - (2,872.40) (12,857.46) - (12,857.46) - 12,857.46 0.0% Total Revenue Golf Shop21,675.65 31,251.00 (9,575.35) 100,444.84 119,937.00 (19,492.16) 278,585.00 179,352.85 64.4%COS 5100150 COS-GS-Hard Goods 3,835.77 6,344.04 (2,508.27) 22,035.47 24,347.82 (2,312.35) 56,552.90 34,517.43 61.0%5100151 COS-GS-Soft Goods 7,559.22 11,781.54 (4,222.32) 32,664.26 45,215.64 (12,551.38) 105,026.40 72,362.14 68.9%5100152 COS-GS-Purchase Disc (36.27) (906.00) 869.73 (74.91) (3,479.00) 3,404.09 (8,079.00) (8,004.09) 99.1%5100220 COS-GS-Freight Merch 545.61 272.00 273.61 2,296.03 1,044.00 1,252.03 2,424.00 127.97 5.3%Cost of Sales - Golf Shop11,904.33 17,491.58 (5,587.25) 56,920.85 67,128.46 (10,207.61) 155,924.30 99,003.45 63.5%Gross Profit9,771.32 13,759.42 (3,988.10) 43,523.99 52,808.54 (9,284.55) 122,660.70 80,349.40 65.5%COS % 54.9% 56.0% 1.1% 56.7% 56.0% -0.7% 53.1% 55.2% 104.0%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group2,138.19 2,387.00 (248.81) 12,694.00 15,686.00 (2,992.00) 27,621.00 14,927.00 54.0%6101325 Insurance-Workers Comp 651.02 478.00 173.02 3,766.72 2,721.00 1,045.72 5,042.00 1,275.28 25.3%6101720 Salaries3,852.20 3,950.00 (97.80) 27,058.35 27,650.00 (591.65) 45,000.00 17,941.65 39.9%6101800 Taxes-Employer Payroll 2,310.02 1,786.00 524.02 8,387.30 10,158.00 (1,770.70) 18,825.00 10,437.70 55.4%6101880 Wages-Hourly8,071.92 8,808.00 (736.08) 45,588.88 44,912.00 676.88 89,463.00 43,874.12 49.0%6101882 Wages-Overtime60.19 - 60.19 217.70 - 217.70 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 17,083.54 17,409.00 (325.46) 97,712.95 101,127.00 (3,414.05) 185,951.00 89,408.63 48.1%61-PS OTHER EXPENSES6103742 Supplies-Expendable 273.99 - 273.99 273.99 - 273.99 - (273.99) 0.0%6103762 Supplies-Office- 250.00 (250.00) 858.88 1,750.00 (891.12) 3,000.00 2,141.12 71.4%6109220 Freight & Delivery- - - 140.00 75.00 65.00 75.00 (65.00) -86.7%6109490 Miscellaneous500.00 500.00 - 3,082.24 3,500.00 (417.76) 6,000.00 2,917.76 48.6%6109150 Dues and Subscriptions- - - 102.30 - 102.30 2,300.00 2,197.70 95.6%6109500 ProShop-Over/Short0.39 - 0.39 43.18 - 43.18 - (43.18) 0.0%6109722 Seminars/Training- 1,250.00 (1,250.00) - 2,300.00 (2,300.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 15.00 (15.00) 90.00 90.00 100.0%6109820 Uniforms673.54 500.00 173.54 2,134.92 1,400.00 734.92 2,400.00 265.08 11.0%6117840 Telephones85.00 110.00 (25.00) 870.06 770.00 100.06 1,320.00 449.94 34.1%1,532.92 2,625.00 (1,092.08) 7,505.57 9,810.00 (2,304.43) 18,875.00 11,369.43 60.2%18,616.46 20,034.00 (1,417.54) 105,218.52 110,937.00 (5,718.48) 204,826.00 100,778.06 49.2%Net Income(8,845.14) (6,274.58) (2,570.56) (61,694.53) (58,128.46) (3,566.07) (82,165.30) (20,428.66) 24.9%SilverRock ResortGolf Shop Income StatementJanuary 2016Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,834.22 8,990.00 (1,155.78) 57,764.17 62,930.00 (5,165.83) 107,880.00 50,115.83 46.5%6311325 Insurance-Workers Comp2,929.60 2,348.00 581.60 17,704.94 14,397.00 3,307.94 24,794.00 7,089.06 28.6%6311720 Salaries11,720.80 11,900.00 (179.20) 80,756.00 83,300.00 (2,544.00) 142,017.20 61,261.20 43.1%6311800 Taxes-Employer Payroll6,214.61 8,883.00 (2,668.39) 39,822.81 54,357.00 (14,534.19) 93,302.00 53,479.19 57.3%6311880 Wages-Hourly44,862.86 49,003.00 (4,140.14) 293,066.07 291,898.00 1,168.07 508,481.80 215,415.73 42.4%6311882 Wages-Overtime2,474.64 2,550.00 (75.36) 12,421.76 13,076.00 (654.24) 15,945.00 3,523.24 22.1%Total-CM-SALARIES & BENEFITS76,036.73 83,674.00 (7,637.27) 501,535.75 519,958.00 (18,422.25) 892,420.00 390,884.25 43.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals2,548.71 2,500.00 48.71 30,434.92 25,200.00 5,234.92 34,600.00 4,165.08 12.0%6313744 Fertilizer10,103.36 9,000.00 1,103.36 85,850.46 79,000.00 6,850.46 112,500.00 26,649.54 23.7%6313745 Herbicides- - - 19,367.52 17,000.00 2,367.52 17,000.00 (2,367.52) -13.9%6313746 Flowers/Plants1,036.80 750.00 286.80 1,124.44 2,750.00 (1,625.56) 3,050.00 1,925.56 63.1%6313748 Fuel-Gasoline2,743.09 3,850.00 (1,106.91) 28,188.44 37,050.00 (8,861.56) 55,020.00 26,831.56 48.8%6313750 Golf Course Accessories130.73 200.00 (69.27) 11,079.07 12,500.00 (1,420.93) 13,000.00 1,920.93 14.8%6313756 POA Control2,203.20 3,500.00 (1,296.80) 6,757.37 7,000.00 (242.63) 7,000.00 242.63 3.5%6313758 Miscellaneous Supp845.95 100.00 745.95 4,295.24 3,850.00 445.24 4,350.00 54.76 1.3%6313762 Supplies-Office- - - - - - - - 0.0%6313774 Sand- 380.00 (380.00) 1,879.45 12,960.00 (11,080.55) 13,460.00 11,580.55 86.0%6313776 Seed- 350.00 (350.00) 132,015.98 124,150.00 7,865.98 125,900.00 (6,115.98) -4.9%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 2,972.22 4,500.00 (1,527.78) 5,000.00 2,027.78 40.6%6313780 Sod- 500.00 (500.00) 5,597.26 9,750.00 (4,152.74) 10,450.00 4,852.74 46.4%6313782 Topdressing- - - 5,722.06 8,000.00 (2,277.94) 10,600.00 4,877.94 46.0%Total-CM-SUPPLIES & MATERIALS19,611.84 21,230.00 (1,618.16) 335,284.43 343,710.00 (8,425.57) 411,930.00 76,645.57 18.6%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint2,830.00 2,600.00 230.00 23,161.50 18,200.00 4,961.50 31,200.00 8,038.50 25.8%6315685 CM-R&M-Bldngs & Othr Structures 361.17 250.00 111.17 2,585.82 4,300.00 (1,714.18) 5,550.00 2,964.18 53.4%6315690 CM-R&M-Equipment1,992.27 3,500.00 (1,507.73) 31,267.76 28,000.00 3,267.76 40,000.00 8,732.24 21.8%6315692 CM-R&M-Irrigation System843.14 1,200.00 (356.86) 13,409.14 14,050.00 (640.86) 19,050.00 5,640.86 29.6%6315696 CM-R&M-Pumps2,041.64 1,000.00 1,041.64 10,140.45 7,000.00 3,140.45 10,500.00 359.55 3.4%6315815 CM-R&M-Trees-Pruning Etc- - - 8,555.95 6,050.00 2,505.95 12,050.00 3,494.05 29.0%Total-CM-REPAIRS & MAINTENANCE8,068.22 8,550.00 (481.78) 89,120.62 77,600.00 11,520.62 118,350.00 29,229.38 24.7%6317836 Utilities-Natural Gas/LPG 26.05 15.00 11.05 146.63 105.00 41.63 180.00 33.37 0.0%6317840 Telephones99.48 850.00 (750.52) 7,521.57 5,950.00 1,571.57 10,200.00 2,678.43 26.3%Total-CM-UTILITIES125.53 865.00 (739.47) 7,668.20 6,055.00 1,613.20 10,380.00 2,711.80 26.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 41.7%6319100 Contract Svcs-Soil/Tissue Test- - - 2,000.00 2,000.00 - 4,000.00 2,000.00 50.0%6319102 Contract Svcs-Trash Removal752.46 524.00 228.46 5,267.22 3,668.00 1,599.22 6,288.00 1,020.78 16.2%6319150 Dues & Subscriptions140.00 - 140.00 925.00 - 925.00 540.00 (385.00) -71.3%6319170 Employee Education- 50.00 (50.00) 69.00 350.00 (281.00) 1,550.00 1,481.00 95.5%6319197 Equipment Rental- 200.00 (200.00) 911.44 2,500.00 (1,588.56) 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 Miscellaneous156.71 100.00 56.71 596.14 700.00 (103.86) 1,200.00 603.86 50.3%6319718 Safety Equipment & Training552.49 400.00 152.49 2,755.81 3,150.00 (394.19) 3,850.00 1,094.19 28.4%6319822 Uniforms1,304.43 920.00 384.43 6,637.30 6,440.00 197.30 11,040.00 4,402.70 39.9%Total-CM-OTHER EXPENSES3,406.09 2,694.00 712.09 22,885.80 22,588.00 297.80 42,048.00 19,162.20 45.6%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementJanuary 2016Annual Budget5 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 1,998.50 2,728.00 (729.50) 13,737.20 19,096.00 (5,358.80) 32,736.00 18,998.80 58.0%6321325 Insurance-Workers Comp325.51 519.00 (193.49) 3,420.47 3,550.00 (129.53) 6,171.00 2,750.53 44.6%6321800 Taxes-Employer Payroll1,267.00 1,938.00 (671.00) 9,955.80 13,500.00 (3,544.20) 23,334.00 13,378.20 57.3%6321880 Wages-Hourly14,045.83 13,840.00 205.83 93,064.90 91,120.00 1,944.90 160,320.00 67,255.10 42.0%6321882 Wages-Overtime8.44 - 8.44 4,181.01 5,313.00 (1,131.99) 6,351.00 2,169.99 34.2%Total-CM-LM-SALARIES & BENEFITS17,645.28 19,025.00 (1,379.72) 124,359.38 132,579.00 (8,219.62) 228,912.00 104,552.62 45.7%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) - 650.00 (650.00) 1,025.00 1,025.00 100.0%6323788 Uniforms317.99 290.00 27.99 1,588.36 2,030.00 (441.64) 3,480.00 1,891.64 54.4%Total-CM-LM-SUPPLIES & MATERIALS317.99 365.00 (47.01) 1,588.36 2,680.00 (1,091.64) 4,505.00 2,916.64 64.7%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) - 2,750.00 (2,750.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) - 2,750.00 (2,750.00) 4,250.00 4,250.00 100.0%125,211.68 136,653.00 (11,441.32) 1,082,442.54 1,107,920.00 (25,477.46) 1,712,795.00 630,352.46 36.8% January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 16,786.16 15,016.00 1,770.16 96,650.25 87,806.00 8,844.25 179,791.00 83,140.75 46.2%6337842 Utilities-Water1,751.59 1,860.00 (108.41) 34,002.71 31,000.00 3,002.71 45,338.00 11,335.29 25.0%18,537.75 16,876.00 1,661.75 130,652.96 118,806.00 11,846.96 225,129.00 94,476.04 42.0%Total-COURSE MAINTENANCECourse Maintenance Expense StatementJanuary 2016Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyJanuary 2016Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 4,774.00 (4,774.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp1,085.04 613.00 472.04 3,969.24 2,591.00 1,378.24 5,229.00 1,259.76 24.1%6411800 Taxes-Employer Payroll3,196.89 2,036.00 1,160.89 8,501.58 8,601.00 (99.42) 17,360.00 8,858.42 51.0%6411880 Wages-Hourly16,136.63 16,350.00 (213.37) 73,233.89 69,085.00 4,148.89 139,434.00 66,200.11 47.5%6411882 Wages-Overtime 138.76 - 138.76 485.91 - 485.91 - (485.91) 0.0%Total-CBR-SALARIES & BENEFITS20,557.32 19,681.00 876.32 86,190.62 85,051.00 1,139.62 170,207.00 84,016.38 49.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts100.00 75.00 25.00 3,206.88 1,575.00 1,631.88 1,850.00 `0.0%6413742 Supplies-Expendable113.40 1,000.00 (886.60) 4,219.00 4,450.00 (231.00) 6,750.00 2,531.00 37.5%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) - 1,350.00 (1,350.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - 9,000.00 9,000.00 - 9,000.00 - 0.0%6413762 Supplies-Office- 50.00 (50.00) - 275.00 (275.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary- 70.00 (70.00) - 70.00 (70.00) 420.00 420.00 100.0%6413786 Supplies-Towels 320.00 250.00 70.00 2,000.00 1,110.00 890.00 2,182.00 182.00 8.3%6413796 Supplies-Bottled Water558.00 50.00 508.00 5,053.20 3,800.00 1,253.20 11,000.00 5,946.80 54.1%Total-CBR-SUPPLIES & MATERIALS1,091.40 1,945.00 (853.60) 23,479.08 21,630.00 1,849.08 34,727.00 12,604.80 36.3%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment1,200.00 300.00 900.00 2,135.29 2,100.00 35.29 3,600.00 1,464.71 40.7%6415695 CBR-R&M-Cart Maintenance & Repair 607.82 500.00 107.82 6,910.68 3,950.00 2,960.68 6,450.00 (460.68) -7.1%Total-CBR-REPAIRS & MAINTENANCE1,807.82 800.00 1,007.82 9,045.97 6,050.00 2,995.97 10,050.00 1,004.03 10.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen861.41 800.00 61.41 3,838.60 5,600.00 (1,761.40) 9,600.00 5,761.40 60.0%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous600.00 600.00 - 3,297.20 4,200.00 (902.80) 7,200.00 3,902.80 54.2%6419820 Uniforms 471.40 - 471.40 2,867.92 3,000.00 (132.08) 5,200.00 2,332.08 44.8%Total-CBR-OTHER EXPENSES1,932.81 1,400.00 532.81 10,003.72 13,250.00 (3,246.28) 22,450.00 12,446.28 55.4%TOTAL-CARTS,BAGROOM & RANGE25,389.35 23,826.00 532.81 128,719.39 125,981.00 2,738.39 237,434.00 110,071.49 46.4%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp651.02 302.00 349.02 1,762.10 1,142.00 620.10 2,179.00 416.90 19.1%6431800 Taxes-Employer Payroll658.27 1,127.00 (468.73) 3,473.49 4,263.00 (789.51) 8,135.00 4,661.51 57.3%6431880 Wages-Hourly7,875.25 8,050.00 (174.75) 32,342.62 30,457.00 1,885.62 58,108.00 25,765.38 44.3%6431882 Wages-Overtime - - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS9,184.54 9,479.00 (294.46) 37,578.21 35,862.00 1,716.21 68,422.00 30,843.79 45.1%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 200.20 600.00 (399.80) 1,050.00 849.80 80.9%6439490 Miscellaneous- 50.00 (50.00) 794.62 200.00 594.62 200.00 (594.62) -297.3%6439718 Safety Equipment & Training- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6439820 Uniforms 112.38 75.00 37.38 1,702.26 1,425.00 277.26 2,125.00 422.74 19.9%Total-CS-OTHER EXPENSES112.38 275.00 (162.62) 2,697.08 2,575.00 122.08 3,975.00 1,277.92 32.1%Total-COURSE SERVICES9,296.92 9,754.00 (457.08) 40,275.29 38,437.00 1,838.29 72,397.00 32,121.71 44.4%34,686.27 33,580.00 1,106.27 168,994.68 164,418.00 4,576.68 309,831.00 140,915.28 45.5%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJanuary 2016Annual Budget7 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 2,805.00 2,800.00 5.00 4,800.00 1,995.00 41.6%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,805.00 2,800.00 5.00 4,800.00 1,995.00 41.6%65-CH-UTILITIES6507836 Utilities-Natural Gas610.45 300.00 310.45 2,403.00 2,100.00 303.00 3,600.00 1,197.00 33.3%6507840 Utilities-Telephone1,072.04 1,150.00 (77.96) 6,411.94 8,050.00 (1,638.06) 13,800.00 7,388.06 53.5%6507842 Utilities-Water976.02 321.00 655.02 5,619.59 2,247.00 3,372.59 3,852.00 (1,767.59) -45.9%6507844 Utilities-Cable 482.21 340.00 142.21 3,371.47 2,380.00 991.47 4,080.00 708.53 17.4%Total-CH-UTILITIES3,140.72 2,111.00 1,029.72 17,806.00 14,777.00 3,029.00 25,332.00 7,526.00 29.7%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning 1,825.00 1,825.00 - 13,047.00 13,375.00 (328.00) 22,500.00 9,453.00 42.0%6509099 Contract Services-Security5,350.08 6,500.00 (1,149.92) 37,070.60 35,900.00 1,170.60 60,400.00 23,329.40 38.6%6509215 Flowers & Decorations82.49 500.00 (417.51) 458.70 1,000.00 (541.30) 1,900.00 1,441.30 75.9%6509490 Miscellaneous305.00 200.00 105.00 2,716.16 3,700.00 (983.84) 7,000.00 4,283.84 61.2%6509718 Safety Equipment & Training- 100.00 (100.00) - 700.00 (700.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES7,562.57 9,125.00 (1,562.43) 53,292.46 54,675.00 (1,382.54) 93,000.00 39,707.54 42.7%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures322.70 300.00 22.70 2,763.06 2,100.00 663.06 3,600.00 836.94 23.2%6515686 CH-R&M-Restaurant Repairs24.93 400.00 (375.07) 3,339.93 2,800.00 539.93 4,800.00 1,460.07 30.4%6515690 CH-R&M-Equipment Repair670.00 400.00 270.00 2,432.04 2,800.00 (367.96) 4,800.00 2,367.96 49.3%Total-CH-REPAIRS & MAINTENANCE1,017.63 1,100.00 (82.37) 8,535.03 7,700.00 835.03 13,200.00 4,664.97 35.3%12,120.92 12,736.00 (615.08) 82,438.49 79,952.00 2,486.49 136,332.00 9,329.94 6.8%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJanuary 2016Annual Budget8 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 341.00 341.00 - 2,341.00 2,387.00 (46.00) 4,092.00 1,751.00 42.8%6601325 Insurance-Workers Comp146.00 94.00 52.00 874.20 658.00 216.20 1,129.00 254.80 22.6%6601720 Salaries1,904.96 2,508.00 (603.04) 14,086.16 17,556.00 (3,469.84) 30,096.00 16,009.84 53.2%6601800 Taxes-Employer Payroll205.20 351.00 (145.80) 1,672.12 2,457.00 (784.88) 4,213.00 2,540.88 60.3%Total-MKT-SALARIES & BENEFITS2,597.16 3,294.00 (696.84) 18,973.48 23,058.00 (4,084.52) 39,530.00 20,556.52 52.0%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 621.44 700.00 (78.56) 1,200.00 578.56 48.2%6603768 Supplies-Printing & Stationery 2,301.02 200.00 2,101.02 4,274.06 3,800.00 474.06 4,425.00 150.94 3.4%2,301.02 300.00 2,001.02 4,895.50 4,500.00 395.50 5,625.00 729.50 13.0%66-MKT-UTILITIES6607840 Utilities-Telephone - 100.00 (100.00) 305.40 700.00 (394.60) 1,200.00 894.60 74.6%Total-MKT-UTILITIES- 100.00 (100.00) 305.40 700.00 (394.60) 1,200.00 894.60 74.6%66-MKT-OTHER EXPENSES6609010 Advertising25,469.64 20,472.00 4,997.64 112,732.53 108,391.00 4,341.53 178,987.00 66,254.47 37.0%6609040 Business Meals- - - - - - 300.00 300.00 100.0%6609080 Collateral Material1,757.51 500.00 1,257.51 5,524.88 2,000.00 3,524.88 5,500.00 (24.88) -0.5%6609102 Contract Services-Web Page99.00 150.00 (51.00) 495.00 1,050.00 (555.00) 1,800.00 1,305.00 72.5%6609490 Miscellaneous- 50.00 (50.00) - 150.00 (150.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6609630 Promotion- 25.00 (25.00) - 175.00 (175.00) 700.00 700.00 100.0%6609633 Promotion-Community- 375.00 (375.00) 76.50 2,325.00 (2,248.50) 2,250.00 2,173.50 96.6%6609634 Promotion-Media/Vendor- 500.00 (500.00) - 1,500.00 (1,500.00) 2,000.00 2,000.00 100.0%6609150 Dues and Subscriptions- 35.00 (35.00) 110.00 35.00 75.00 735.00 625.00 85.0%6609820 Uniforms418.91 50.00 368.91 500.43 450.00 50.43 600.00 99.57 16.6%Total-MKT-OTHER EXPENSES27,745.06 22,207.00 5,538.06 119,439.34 116,426.00 3,013.34 193,822.00 74,382.66 38.4%32,643.24 25,901.00 6,742.24 143,613.72 144,684.00 (1,070.28) 240,177.00 96,563.28 40.2%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJanuary 2016Annual Budget9 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,042.88 1,488.00 (445.12) 7,819.24 10,416.00 (2,596.76) 17,856.00 10,036.76 56.2%6701325 Insurance-Workers Comp325.53 662.00 (336.47) 5,084.48 4,408.00 676.48 7,717.00 2,632.52 34.1%6701720 Salaries14,021.00 15,050.00 (1,029.00) 95,012.50 99,350.00 (4,337.50) 177,996.00 82,983.50 46.6%6701800 Taxes-Employer Payroll2,823.24 2,471.00 352.24 13,581.09 16,457.00 (2,875.91) 28,812.00 15,230.91 52.9%6701880 Wages-Hourly2,542.80 2,600.00 (57.20) 19,963.40 18,198.00 1,765.40 27,800.00 7,836.60 28.2%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,755.45 22,271.00 (1,515.55) 141,460.71 148,829.00 (7,368.29) 260,181.00 118,720.29 45.6%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer144.50 500.00 (355.50) 1,216.09 3,500.00 (2,283.91) 6,300.00 5,083.91 80.7%6703762 Supplies-Office95.48 150.00 (54.52) 925.95 1,050.00 (124.05) 1,800.00 874.05 48.6%6703768 Supplies-Printing & Stationery150.01 400.00 (249.99) 581.97 1,300.00 (718.03) 3,300.00 2,718.03 82.4%Total-G&A-SUPPLIES & MATERIALS389.99 1,050.00 (660.01) 2,724.01 5,850.00 (3,125.99) 11,400.00 8,675.99 76.1%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 159.00 100.00 59.00 1,100.00 1,400.00 (300.00) 1,900.00 800.00 42.1%Total-G&A-REPAIRS & MAINTENANCE159.00 100.00 59.00 1,100.00 1,400.00 (300.00) 1,900.00 800.00 42.1%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%6709150 Dues & Subscriptions- 100.00 (100.00) - 650.00 (650.00) 1,700.00 1,700.00 100.0%6709180 Employee Recruiting/Relocation452.57 200.00 252.57 992.57 1,000.00 (7.43) 1,400.00 407.43 29.1%6709197 Equipment Rental549.89 550.00 (0.11) 4,790.26 3,850.00 940.26 6,600.00 1,809.74 27.4%6709202 Fees-Bank211.55 90.00 121.55 994.04 630.00 364.04 1,080.00 85.96 8.0%6709208 Fees-Payroll Processing1,785.05 1,200.00 585.05 8,880.96 8,400.00 480.96 14,400.00 5,519.04 38.3%6709220 Freight/Delivery- 50.00 (50.00) 10.68 350.00 (339.32) 600.00 589.32 98.2%6709490 Miscellaneous106.92 100.00 6.92 4,223.20 6,100.00 (1,876.80) 1,200.00 (3,023.20) -251.9%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services- 75.00 (75.00) 673.84 525.00 148.84 900.00 226.16 25.1%6709625 Professional Fees637.12 850.00 (212.88) 5,729.62 5,950.00 (220.38) 10,200.00 4,470.38 43.8%6709636 Promotion/Entertainment- 100.00 (100.00) - 700.00 (700.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training250.00 200.00 50.00 500.00 1,400.00 (900.00) 2,400.00 1,900.00 79.2%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms222.66 75.00 900.00 673.17 675.00 (1.83) 1,050.00 376.83 35.9%Total-G&A-OTHER EXPENSES4,615.76 3,990.00 1,378.10 30,268.34 33,130.00 (2,861.66) 54,030.00 23,761.66 44.0%25,920.20 27,411.00 (1,490.80) 175,553.06 189,209.00 (13,655.94) 327,511.00 151,957.94 46.4%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementJanuary 2016Annual Budget10 January Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts10,363.45 10,050.00 313.45 72,544.15 70,350.00 2,194.15 121,050.00 48,505.85 40.1%6800193 Equipment Leases-Maintenance 5,571.50 6,050.00 (478.50) 39,000.50 42,800.00 (3,799.50) 72,600.00 33,599.50 46.3%6800194 Equipment Leases-Trailer252.61 600.00 (347.39) 3,075.66 4,200.00 (1,124.34) 7,200.00 4,124.34 57.3%6800196 Equipment Leases-GPS4,500.00 4,700.00 (200.00) 31,500.00 32,900.00 (1,400.00) 56,400.00 24,900.00 44.1%6800197 Equipment Leases-Others1,655.15 1,150.00 505.15 11,785.52 8,050.00 3,735.52 13,800.00 2,014.48 0.0%22,342.71 22,550.00 (207.29) 157,905.83 158,300.00 (394.17) 271,050.00 113,144.17 41.7%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,320.00 8,320.00 - 58,240.00 58,240.00 - 99,840.00 41,600.00 41.7%6900210 FF&E Reserve7,515.56 7,778.00 (262.44) 26,092.85 26,277.00 (184.15) 63,985.00 37,892.15 59.2%6900800 Personal Property Taxes- - - 12,117.83 11,800.00 317.83 11,800.00 (317.83) -2.7%6900323 Insurance-Commercial3,411.25 2,200.00 1,211.25 22,234.25 15,400.00 6,834.25 26,400.00 4,165.75 15.8%19,246.81 18,298.00 948.81 118,684.93 111,717.00 6,967.93 202,025.00 83,340.07 41.3%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJanuary 2016Annual BudgetMonth to DateYear to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐20162015 2015 2015 2015 2015 2015Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia24414SalesPromotion4Golf IndustryVIPCelebrityPGA Comp383738112366Charity/Gift Certificate72626Rain/Wind Checks12129Club Staff956280652111LQ HS Golf2117182530168 121 14319112 2602016 2016 2016 2016 2016 2016Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia4SalesPromotion4Golf IndustryVIPCelebrityPGA Comp43Charity/Gift Certificate4Rain/Wind Checks1Club Staff77LQ HS Golf261590000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report‐2015‐2016January 2016 Date Time DescriptionCategoryPlayers1/27/2016 9:00 a.m. Kris Long - CBS2 Media 41/28/2016 1:45 p.m. Dan Amezcua Promo 413