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07 January 2017 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2016 – January 2017 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 JanuaryFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue387,610.35 388,875.00 (1,264.65) -0.3% 1,317,209.58 1,122,705.00 194,504.58 3,199,237.00 1,882,027.42 41%401000 Miscellaneous Golf Revenue47,932.50 53,950.00 (6,017.50) -11.2% 168,153.92 161,638.00 6,515.92 349,259.00 181,105.08 48%410000Revenue-Golf Shop26,948.50 31,251.00 (4,302.50) -13.8%108,770.39 103,364.00 5,406.39 278,585.00 169,814.61 39%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 Income0.04 - 0.04 0.30 - 0.30 - (0.30) 0%Total Income463,991.39 475,576.00 (11,584.61) -2.4% 1,601,634.19 1,395,207.00 206,427.19 3,839,081.00 2,237,446.81 42%Cost of Goods Sold510000 COS-Golf Shop15,141.09 17,491.58 (2,350.49) 13.4% 62,674.75 57,853.12 (4,821.63) 155,924.00 93,249.25 40%Total COS15,141.09 17,491.58 (2,350.49) 13.4% 62,674.75 57,853.12 (4,821.63) 155,924.00 93,249.25 40%Gross Profit448,850.30 458,084.42 (9,234.12) -2.0% 1,538,959.44 1,337,353.88 201,605.56 3,683,157.00 2,144,197.56 42%Expenses610000 Golf Pro Shop16,869.40 20,034.00 (3,164.60) 15.8% 105,299.15 106,883.00 (1,583.85) 204,827.00 99,527.85 51%630000 Course Maintenance129,212.86 135,403.00 (6,190.14) 4.6% 1,023,448.21 1,088,758.00 (65,309.79) 1,712,795.00 689,346.79 60%633000 Maintenance Water & Energy14,670.43 17,713.00 (3,042.57) 17.2% 124,986.52 137,069.00 (12,082.48) 225,129.00 100,142.48 56%640000 Outside Services33,166.67 33,580.00 (413.33) 1.2% 165,523.96 164,418.00 1,105.96 309,830.00 144,306.04 53%650000 Clubhouse14,357.92 12,736.00 1,621.92 -12.7% 79,856.81 79,952.00 (95.19) 136,332.00 56,475.19 59%660000 Marketing23,532.68 26,891.00 (3,358.32) 12.5% 140,193.80 137,169.00 3,024.80 240,177.00 99,983.20 58%670000 General & Administrative25,810.11 27,359.00 (1,548.89) 5.7% 175,124.91 189,909.00 (14,784.09) 327,511.00 152,386.09 53%680000 Leases26,805.12 28,800.00 (1,994.88) 6.9% 178,018.86 177,050.00 968.86 271,050.00 93,031.14 66%690000 Miscellaneous Other Expense20,146.72 19,131.00 1,015.72 -5.3% 127,895.03 113,726.00 14,169.03 202,025.00 74,129.97 63%Total Expenses304,571.91 321,647.00 (17,075.09) 5.3% 2,120,347.25 2,194,934.00 74,586.75 3,629,676.00 1,509,328.75 58%144,278.39 136,437.42 7,840.97 5.7%(581,387.81) (857,580.12) 276,192.31 53,481.00 634,868.81 0%Rounds of Golf PlayedPaid Rounds Played5,173 5,000 173 3.5%22,669 17,850 4,819 46,475 23,806 49%Ave $ Per Paid Round Green Fee74.93 77.78 (2.85) -3.7%58.11 62.90 (4.79) 68.84 10.73 84%Ave $ Per Paid Round Merchandise5.21 6.25 (1.04) -16.7%4.80 5.79 (0.99) 5.99 1.20 80%Ave $ Per Paid Miscellaneous 9.27 10.79 (1.52) -14.1%7.42 9.06 (1.64) 7.51 0.10 99%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJanuary 20171 Income JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees387,610.35 388,875.00 (1,264.65) 1,317,209.58 1,122,705.00 194,504.58 3,199,237.00 1,882,027.42 58.8%4010000 Rider Fee750.00 1,250.00 (500.00) 4,132.50 3,151.00 981.50 7,738.00 3,605.50 46.6%4040000 Club Rental1,875.00 2,500.00 (625.00) 11,230.00 8,929.00 2,301.00 23,238.00 12,008.00 51.7%4050000 Driving Range14,025.00 20,000.00 (5,975.00) 40,654.00 49,158.00 (8,504.00) 100,984.00 60,330.00 59.7%4060000 Handicap Fees- 1,700.00 (1,700.00) 33.12 1,700.00 (1,666.88) 2,500.00 2,466.88 98.7%4080000 GPS Advertising- 500.00 (500.00) - 1,900.00 (1,900.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract450.00 1,000.00 (550.00) 1,445.30 3,000.00 (1,554.70) 4,000.00 2,554.70 63.9%4091000 Golf Professional Rental Fee6,262.50 5,000.00 1,262.50 18,874.00 15,000.00 3,874.00 37,000.00 18,126.00 49.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue24,570.00 22,000.00 2,570.00 91,785.00 78,800.00 12,985.00 171,200.00 79,415.00 46.4% Total Revenue Fees435,542.85 442,825.00 (7,282.15) 1,485,363.50 1,284,343.00 201,020.50 3,548,497.00 2,063,133.50 58.1%435,542.85 442,825.00 (7,282.15) 1,485,363.50 1,284,343.00 201,020.50 3,548,497.00 2,063,133.50 58.1%SilverRock ResortStatement of Fees RevenueJanuary 2017Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$47,932.50$53,950.00(6,017.50)Unfavorable: Due to reduced usage as a result of 7 days of rain and weather conditions.ActualBudgetVariance$26,948.50$31,251.00(4,302.50)Unfavorable: Consumer spending on golf merchandise/accessories continue to lag in the industry. Increased promotions and sales will be needed to increase activity. ExpensesActualBudgetVariance$16,869.40$20,034.00(3,164.60)Favorable: Due to line items for Seminars and Training $1250.00 and reduced insurance due to available full-time employees.ActualBudgetVariance$14,357.92$12,736.001,621.92Unfavorable: Due to increase in security payments for the Holidays.ActualBudgetVariance$14,670.43$17,713.00(3,042.57)Favorable: Due to an increase in the amount of rain for the month of January. Less pump run time and less water.Clubhouseprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesMiscellaneous Golf RevenueMaintenance Water and EnergyGolf ShopVariance ExplanationJanuary 2017The 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 are3-20-133 Income JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous248.00 - 248.00 4,123.29 - 4,123.29 00 0%4100110 Sales Hard Goods7,486.72 10,938.00 (3,451.28) 37,782.64 36,178.00 1,604.64 97,505.00 59,722.36 61.3%4100112 Sales-Soft Goods22,219.75 20,313.00 1,906.75 82,411.50 67,186.00 15,225.50 181,080.00 98,668.50 54.5%5100639 GS-Discounts-Mdse (3,005.97) - (3,005.97) (15,547.04) - (15,547.04) - 15,547.04 0.0% Total Revenue Golf Shop26,948.50 31,251.00 (4,302.50) 108,770.39 103,364.00 5,406.39 278,585.00 173,937.90 62.4%COS 5100150 COS-GS-Hard Goods 4,278.37 6,344.04 (2,065.67) 19,836.10 20,983.24 (1,147.14) 56,552.90 36,716.80 64.9%5100151 COS-GS-Soft Goods 10,611.47 11,781.54 (1,170.07) 40,994.88 38,967.88 2,027.00 105,026.40 64,031.52 61.0%5100152 COS-GS-Purchase Disc (278.55) (906.00) 627.45 (526.76) (2,998.00) 2,471.24 (8,079.00) (7,552.24) 93.5%5100220 COS-GS-Freight Merch 529.80 272.00 257.80 2,370.53 900.00 1,470.53 2,424.00 53.47 2.2%Cost of Sales - Golf Shop 15,141.09 17,491.58 (2,350.49) 62,674.75 57,853.12 4,821.63 155,924.30 93,249.55 59.8%Gross Profit11,807.41 13,759.42 (1,952.01) 46,095.64 45,510.88 584.76 122,660.70 80,688.35 65.8%COS %56.2% 56.0% -0.2% 57.6% 56.0% -1.7% 53.1% 53.6% 101.0%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,297.55 2,387.00 (1,089.45) 13,147.98 14,322.00 (1,174.02) 27,621.00 14,473.02 52.4%6101325 Insurance-Workers Comp 880.17 478.00 402.17 3,293.74 2,635.00 658.74 5,042.00 1,748.26 34.7%6101720 Salaries4,000.00 4,001.00 (1.00) 28,007.00 28,007.00 - 45,000.00 16,993.00 37.8%6101800 Taxes-Employer Payroll 1,587.58 1,786.00 (198.42) 7,850.97 9,838.00 (1,987.03) 18,825.00 10,974.03 58.3%6101880 Wages-Hourly8,311.96 8,757.00 (445.04) 44,947.28 42,271.00 2,676.28 89,463.00 44,515.72 49.8%6101882 Wages-Overtime81.39 - 81.39 198.78 - 198.78 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,158.65 17,409.00 (1,250.35) 97,445.75 97,073.00 372.75 185,951.00 89,656.91 48.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office- 250.00 (250.00) 533.33 1,750.00 (1,216.67) 3,000.00 2,466.67 82.2%6109220 Freight & Delivery- - - 16.80 75.00 (58.20) 75.00 58.20 77.6%6109490 Miscellaneous500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 41.7%6109150 Dues and Subscriptions- - - 1,103.62 - 1,103.62 2,300.00 1,196.38 52.0%6109500 ProShop-Over/Short(5.72) - (5.72) 42.41 - 42.41 - (42.41) 0.0%6109722 Seminars/Training- 1,250.00 (1,250.00) 55.00 2,300.00 (2,245.00) 3,690.00 3,635.00 98.5%6109810 Travel - Merchandise- 15.00 (15.00) - 15.00 (15.00) 90.00 90.00 100.0%6109820 Uniforms97.65 500.00 (402.35) 2,140.52 1,400.00 740.52 2,400.00 259.48 10.8%6117840 Telephones118.82 110.00 8.82 461.72 770.00 (308.28) 1,320.00 858.28 65.0%710.75 2,625.00 (1,914.25) 7,853.40 9,810.00 (1,956.60) 18,875.00 11,021.60 58.4%16,869.40 20,034.00 (3,164.60) 105,299.15 106,883.00 (1,583.85) 204,826.00 100,678.51 49.2%Net Income(5,061.99) (6,274.58) 1,212.59 (59,203.51) (61,372.12) 2,168.61 (82,165.30) (19,990.16) 24.3%SilverRock ResortGolf Shop Income StatementJanuary 2017Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group12,675.49 8,990.00 3,685.49 59,791.07 62,930.00 (3,138.93) 107,880.00 48,088.93 44.6%6311325 Insurance-Workers Comp3,017.71 2,348.00 669.71 14,721.72 13,911.00 810.72 24,794.00 10,072.28 40.6%6311720 Salaries13,339.63 9,333.33 4,006.30 76,857.20 65,333.31 11,523.89 142,017.20 65,160.00 45.9%6311800 Taxes-Employer Payroll7,945.92 8,883.00 (937.08) 42,793.86 52,536.00 (9,742.14) 93,302.00 50,508.14 54.1%6311880 Wages-Hourly50,331.62 51,569.67 (1,238.05) 308,155.59 296,859.69 11,295.90 508,481.80 200,326.21 39.4%6311882 Wages-Overtime542.37 2,550.00 (2,007.63) 12,834.32 13,076.00 (241.68) 15,945.00 3,110.68 19.5%Total-CM-SALARIES & BENEFITS87,852.74 83,674.00 4,178.74 515,153.76 504,646.00 10,507.76 892,420.00 377,266.24 42.3%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 1,452.11 2,500.00 (1,047.89) 14,469.40 25,200.00 (10,730.60) 34,600.00 20,130.60 58.2%6313744 Fertilizer2,903.87 9,000.00 (6,096.13) 60,483.41 79,000.00 (18,516.59) 112,500.00 52,016.59 46.2%6313745 Herbicides297.39 - 297.39 13,179.43 17,000.00 (3,820.57) 17,000.00 3,820.57 22.5%6313746 Flowers/Plants- 750.00 (750.00) 1,520.65 2,750.00 (1,229.35) 3,050.00 1,529.35 50.1%6313748 Fuel-Gasoline4,684.91 3,600.00 1,084.91 20,310.22 35,200.00 (14,889.78) 55,020.00 34,709.78 63.1%6313750 Golf Course Accessories593.20 200.00 393.20 9,186.63 12,500.00 (3,313.37) 13,000.00 3,813.37 29.3%6313756 POA Control- 3,500.00 (3,500.00) 6,349.28 7,000.00 (650.72) 7,000.00 650.72 9.3%6313758 Miscellaneous Supp405.45 100.00 305.45 4,050.80 3,850.00 200.80 4,350.00 299.20 6.9%6313762 Supplies-Office232.29 - 232.29 1,603.02 - 1,603.02 - (1,603.02) 0.0%6313774 Sand- 380.00 (380.00) 8,806.17 12,960.00 (4,153.83) 13,460.00 4,653.83 34.6%6313776 Seed- 350.00 (350.00) 117,164.38 124,150.00 (6,985.62) 125,900.00 8,735.62 6.9%6313778 Small Tools & Non-Capital Equip146.35 100.00 46.35 2,068.16 4,500.00 (2,431.84) 5,000.00 2,931.84 58.6%6313780 Sod- 500.00 (500.00) 11,636.88 9,750.00 1,886.88 10,450.00 (1,186.88) -11.4%6313782 Topdressing- - - 4,582.66 8,000.00 (3,417.34) 10,600.00 6,017.34 56.8%Total-CM-SUPPLIES & MATERIALS10,715.57 20,980.00 (10,264.43) 275,411.09 341,860.00 (66,448.91) 411,930.00 136,518.91 33.1%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 3,060.00 2,600.00 460.00 19,810.00 18,200.00 1,610.00 31,200.00 11,390.00 36.5%6315685 CM-R&M-Bldngs & Othr Structures 110.87 250.00 (139.13) 1,761.59 4,300.00 (2,538.41) 5,550.00 3,788.41 68.3%6315690 CM-R&M-Equipment2,349.57 2,500.00 (150.43) 25,176.28 26,000.00 (823.72) 40,000.00 14,823.72 37.1%6315692 CM-R&M-Irrigation System1,272.72 1,200.00 72.72 16,063.01 14,050.00 2,013.01 19,050.00 2,986.99 15.7%6315696 CM-R&M-Pumps300.00 1,000.00 (700.00) 3,765.55 7,000.00 (3,234.45) 10,500.00 6,734.45 64.1%6315815 CM-R&M-Trees-Pruning Etc- - - 6,071.00 6,050.00 21.00 12,050.00 5,979.00 49.6%Total-CM-REPAIRS & MAINTENANCE7,093.16 7,550.00 (456.84) 72,647.43 75,600.00 (2,952.57) 118,350.00 45,702.57 38.6%6317836 Utilities-Natural Gas/LPG25.02 15.00 10.02 163.77 105.00 58.77 180.00 16.23 0.0%6317840 Telephones667.03 850.00 (182.97) 5,724.82 5,950.00 (225.18) 10,200.00 4,475.18 43.9%Total-CM-UTILITIES 692.05 865.00 (172.95) 5,888.59 6,055.00 (166.41) 10,380.00 4,491.41 43.3%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 400.00 500.00 (100.00) 2,800.00 3,500.00 (700.00) 6,000.00 3,200.00 53.3%6319100 Contract Svcs-Soil/Tissue Test- - - 730.80 2,000.00 (1,269.20) 4,000.00 3,269.20 81.7%6319102 Contract Svcs-Trash Removal712.34 524.00 188.34 5,220.20 3,668.00 1,552.20 6,288.00 1,067.80 17.0%6319150 Dues & Subscriptions- - - 565.00 - 565.00 540.00 (25.00) -4.6%6319170 Employee Education- 50.00 (50.00) - 350.00 (350.00) 1,550.00 1,550.00 100.0%6319197 Equipment Rental- 200.00 (200.00) 737.04 2,500.00 (1,762.96) 3,400.00 2,662.96 78.3%6319206 Licenses & Permits- - - 1,429.26 280.00 1,149.26 4,180.00 2,750.74 65.8%6319490 Miscellaneous- 100.00 (100.00) 636.55 700.00 (63.45) 1,200.00 563.45 47.0%6319718 Safety Equipment & Training245.02 400.00 (154.98) 2,232.71 3,150.00 (917.29) 3,850.00 1,617.29 42.0%6319822 Uniforms1,276.34 920.00 356.34 7,457.69 6,440.00 1,017.69 11,040.00 3,582.31 32.4%Total-CM-OTHER EXPENSES2,633.70 2,694.00 (60.30) 21,809.25 22,588.00 (778.75) 42,048.00 20,238.75 48.1%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementJanuary 2017Annual Budget5 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group3,217.46 2,728.00 489.46 20,422.33 19,096.00 1,326.33 32,736.00 12,313.67 37.6%6321325 Insurance-Workers Comp628.69 519.00 109.69 3,271.50 3,550.00 (278.50) 6,171.00 2,899.50 47.0%6321800 Taxes-Employer Payroll3,432.53 1,938.00 1,494.53 9,613.01 13,500.00 (3,886.99) 23,334.00 13,720.99 58.8%6321880 Wages-Hourly12,373.95 13,840.00 (1,466.05) 91,745.97 91,120.00 625.97 160,320.00 68,574.03 42.8%6321882 Wages-Overtime- - - 5,458.15 5,313.00 145.15 6,351.00 892.85 14.1%Total-CM-LM-SALARIES & BENEFITS 19,652.63 19,025.00 627.63 130,510.96 132,579.00 (2,068.04) 228,912.00 98,401.04 43.0%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) - 650.00 (650.00) 1,025.00 1,025.00 100.0%6323788 Uniforms573.01 290.00 283.01 2,027.13 2,030.00 (2.87) 3,480.00 1,452.87 41.7%Total-CM-LM-SUPPLIES & MATERIALS 573.01 365.00 208.01 2,027.13 2,680.00 (652.87) 4,505.00 2,477.87 55.0%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%129,212.86 135,403.00 (6,190.14) 1,023,448.21 1,088,758.00 (65,309.79) 1,712,795.00 689,346.79 40.2% JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping13,667.26 15,016.00 (1,348.74) 79,596.48 87,806.00 (8,209.52) 179,791.00 100,194.52 55.7%6337842 Utilities-Water1,003.17 2,697.00 (1,693.83) 45,390.04 49,263.00 (3,872.96) 45,338.00 (52.04) -0.1%14,670.43 17,713.00 (3,042.57) 124,986.52 137,069.00 (12,082.48) 225,129.00 100,142.48 44.5%Total-COURSE MAINTENANCECourse Maintenance Expense StatementJanuary 2017Silverrock ResortAnnual BudgetMonth to Date Year to DateSilverrock ResortCourse Maintenance Water & EnergyJanuary 2017Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 JanuaryFinal 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 Comp1,760.33 613.00 1,147.33 3,968.98 2,591.00 1,377.98 5,229.00 1,260.02 24.1%6411800 Taxes-Employer Payroll3,025.81 2,036.00 989.81 8,475.03 8,601.00 (125.97) 17,360.00 8,884.97 51.2%6411880 Wages-Hourly15,692.82 16,350.00 (657.18) 73,943.13 69,085.00 4,858.13 139,434.00 65,490.87 47.0%6411882 Wages-Overtime274.38 - 274.38 1,454.13 - 1,454.13 - (1,454.13) 0.0%Total-CBR-SALARIES & BENEFITS20,753.34 19,681.00 1,072.34 87,841.27 85,051.00 2,790.27 170,207.00 82,365.73 48.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- 75.00 (75.00) - 1,575.00 (1,575.00) 1,850.00 `0.0%6413742 Supplies-Expendable639.86 1,000.00 (360.14) 3,394.66 4,450.00 (1,055.34) 6,750.00 3,355.34 49.7%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) 108.90 1,350.00 (1,241.10) 3,000.00 2,891.10 96.4%6413752 Supplies-Range Balls- - - 10,692.00 9,000.00 1,692.00 9,000.00 (1,692.00) -18.8%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-Towels320.00 250.00 70.00 2,311.34 1,110.00 1,201.34 2,182.00 (129.34) -5.9%6413796 Supplies-Bottled Water150.95 50.00 100.95 8,268.49 3,800.00 4,468.49 11,000.00 2,731.51 24.8%Total-CBR-SUPPLIES & MATERIALS1,110.81 1,945.00 (834.19) 24,775.39 21,630.00 3,145.39 34,727.00 8,101.61 23.3%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment- 300.00 (300.00) 1,648.55 2,100.00 (451.45) 3,600.00 1,951.45 54.2%6415695 CBR-R&M-Cart Maintenance & Repair500.00 500.00 - 3,456.45 3,950.00 (493.55) 6,450.00 2,993.55 46.4%Total-CBR-REPAIRS & MAINTENANCE500.00 800.00 (300.00) 5,105.00 6,050.00 (945.00) 10,050.00 4,945.00 49.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,173.96 800.00 373.96 5,193.77 5,600.00 (406.23) 9,600.00 4,406.23 45.9%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous892.00 600.00 292.00 1,243.97 4,200.00 (2,956.03) 7,200.00 5,956.03 82.7%6419820 Uniforms- - - 2,880.44 3,000.00 (119.56) 5,200.00 2,319.56 44.6%Total-CBR-OTHER EXPENSES2,065.96 1,400.00 665.96 9,318.18 13,250.00 (3,931.82) 22,450.00 13,131.82 58.5%TOTAL-CARTS,BAGROOM & RANGE24,430.11 23,826.00 665.96 127,039.84 125,981.00 1,058.84 237,434.00 108,544.16 45.7%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp754.43 302.00 452.43 2,202.26 1,142.00 1,060.26 2,179.00 (23.26) -1.1%6431800 Taxes-Employer Payroll1,408.09 1,127.00 281.09 3,530.22 4,263.00 (732.78) 8,135.00 4,604.78 56.6%6431880 Wages-Hourly6,574.04 8,050.00 (1,475.96) 30,819.27 30,457.00 362.27 58,108.00 27,288.73 47.0%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS8,736.56 9,479.00 (742.44) 36,551.75 35,862.00 689.75 68,422.00 31,870.25 46.6%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 121.84 600.00 (478.16) 1,050.00 928.16 88.4%6439490 Miscellaneous- 50.00 (50.00) 429.00 200.00 229.00 200.00 (229.00) -114.5%6439718 Safety Equipment & Training- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) 1,381.53 1,425.00 (43.47) 2,125.00 743.47 35.0%Total-CS-OTHER EXPENSES- 275.00 (275.00) 1,932.37 2,575.00 (642.63) 3,975.00 2,042.63 51.4%Total-COURSE SERVICES8,736.56 9,754.00 (1,017.44) 38,484.12 38,437.00 47.12 72,397.00 33,912.88 46.8%33,166.67 33,580.00 (413.33) 165,523.96 164,418.00 1,105.96 309,831.00 140,414.41 45.3%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementJanuary 2017Annual Budget7 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%65-CH-UTILITIES6507836 Utilities-Natural Gas627.15 300.00 327.15 2,553.89 2,100.00 453.89 3,600.00 1,046.11 29.1%6507840 Utilities-Telephone1,159.78 1,150.00 9.78 7,992.81 8,050.00 (57.19) 13,800.00 5,807.19 42.1%6507842 Utilities-Water478.69 321.00 157.69 1,935.19 2,247.00 (311.81) 3,852.00 1,916.81 49.8%6507844 Utilities-Cable490.47 340.00 150.47 3,416.52 2,380.00 1,036.52 4,080.00 663.48 16.3%Total-CH-UTILITIES2,756.09 2,111.00 645.09 15,898.41 14,777.00 1,121.41 25,332.00 9,433.59 37.2%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,900.00 1,825.00 75.00 12,880.00 13,375.00 (495.00) 22,500.00 9,620.00 42.8%6509099 Contract Services-Security7,961.28 6,500.00 1,461.28 39,666.12 35,900.00 3,766.12 60,400.00 20,733.88 34.3%6509215 Flowers & Decorations63.73 500.00 (436.27) 446.11 1,000.00 (553.89) 1,900.00 1,453.89 76.5%6509490 Miscellaneous60.81 200.00 (139.19) 1,827.79 3,700.00 (1,872.21) 7,000.00 5,172.21 73.9%6509718 Safety Equipment & Training125.99 100.00 25.99 384.25 700.00 (315.75) 1,200.00 815.75 68.0%Total-CH-OTHER EXPENSES10,111.81 9,125.00 986.81 55,204.27 54,675.00 529.27 93,000.00 37,795.73 40.6%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures1,090.02 300.00 790.02 3,341.13 2,100.00 1,241.13 3,600.00 258.87 7.2%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 1,695.00 2,800.00 (1,105.00) 4,800.00 3,105.00 64.7%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 918.00 2,800.00 (1,882.00) 4,800.00 3,882.00 80.9%Total-CH-REPAIRS & MAINTENANCE1,090.02 1,100.00 (9.98) 5,954.13 7,700.00 (1,745.87) 13,200.00 7,245.87 54.9%14,357.92 12,736.00 1,621.92 79,856.81 79,952.00 (95.19) 136,332.00 14,491.74 10.6%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementJanuary 2017Annual Budget8 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group358.00 341.00 17.00 2,090.00 2,387.00 (297.00) 4,092.00 2,002.00 48.9%6601325 Insurance-Workers Comp102.10 94.00 8.10 640.50 658.00 (17.50) 1,129.00 488.50 43.3%6601720 Salaries2,557.40 2,508.00 49.40 16,587.16 17,556.00 (968.84) 30,096.00 13,508.84 44.9%6601800 Taxes-Employer Payroll368.85 351.00 17.85 1,389.65 2,457.00 (1,067.35) 4,213.00 2,823.35 67.0%Total-MKT-SALARIES & BENEFITS 3,386.35 3,294.00 92.35 20,707.31 23,058.00 (2,350.69) 39,530.00 18,822.69 47.6%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 1,214.03 700.00 514.03 1,200.00 (14.03) -1.2%6603768 Supplies-Printing & Stationery 392.27 200.00 192.27 4,032.62 3,800.00 232.62 4,425.00 392.38 8.9%392.27 300.00 92.27 5,246.65 4,500.00 746.65 5,625.00 378.35 6.7%66-MKT-UTILITIES6607840 Utilities-Telephone318.08 100.00 218.08 731.56 700.00 31.56 1,200.00 468.44 39.0%Total-MKT-UTILITIES318.08 100.00 218.08 731.56 700.00 31.56 1,200.00 468.44 39.0%66-MKT-OTHER EXPENSES6609010 Advertising19,038.78 21,462.00 (2,423.22) 106,903.58 100,876.00 6,027.58 178,987.00 72,083.42 40.3%6609040 Business Meals- 25.00 (25.00) - 175.00 (175.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) 3,046.03 2,000.00 1,046.03 5,500.00 2,453.97 44.6%6609102 Contract Services-Web Page99.00 150.00 (51.00) 693.00 1,050.00 (357.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous231.00 50.00 181.00 764.70 150.00 614.70 350.00 (414.70) -118.5%6609620 Postage- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6609630 Promotion- 300.00 (300.00) 97.09 450.00 (352.91) 700.00 602.91 86.1%6609633 Promotion-Community- 75.00 (75.00) 310.27 1,875.00 (1,564.73) 2,250.00 1,939.73 86.2%6609634 Promotion-Media/Vendor- 500.00 (500.00) 1,308.71 1,500.00 (191.29) 2,000.00 691.29 34.6%6609150 Dues and Subscriptions- 35.00 (35.00) 82.50 35.00 47.50 735.00 652.50 88.8%6609820 Uniforms67.20 50.00 17.20 302.40 450.00 (147.60) 600.00 297.60 49.6%Total-MKT-OTHER EXPENSES19,435.98 23,197.00 (3,761.02) 113,508.28 108,911.00 4,597.28 193,822.00 80,313.72 41.4%23,532.68 26,891.00 (3,358.32) 140,193.80 137,169.00 3,024.80 240,177.00 99,983.20 41.6%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementJanuary 2017Annual Budget9 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group 1,997.65 1,488.00 509.65 8,598.10 10,416.00 (1,817.90) 17,856.00 9,257.90 51.8%6701325 Insurance-Workers Comp377.21 662.00 (284.79) 3,855.33 4,408.00 (552.67) 7,717.00 3,861.67 50.0%6701720 Salaries14,179.20 15,050.00 (870.80) 94,900.70 99,350.00 (4,449.30) 177,996.00 83,095.30 46.7%6701800 Taxes-Employer Payroll2,879.37 2,471.00 408.37 10,418.30 16,457.00 (6,038.70) 28,812.00 18,393.70 63.8%6701880 Wages-Hourly2,488.00 2,448.00 40.00 19,181.70 18,198.00 983.70 27,800.00 8,618.30 31.0%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 21,921.43 22,119.00 (197.57) 136,954.13 148,829.00 (11,874.87) 260,181.00 123,226.87 47.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer428.50 500.00 (71.50) 2,591.77 3,500.00 (908.23) 6,300.00 3,708.23 58.9%6703762 Supplies-Office- 150.00 (150.00) 307.83 1,050.00 (742.17) 1,800.00 1,492.17 82.9%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 1,236.64 1,300.00 (63.36) 3,300.00 2,063.36 62.5%Total-G&A-SUPPLIES & MATERIALS428.50 1,050.00 (621.50) 4,136.24 5,850.00 (1,713.76) 11,400.00 7,263.76 63.7%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 100.00 100.00 - 5,155.93 1,400.00 3,755.93 1,900.00 (3,255.93) -171.4%Total-G&A-REPAIRS & MAINTENANCE 100.00 100.00 - 5,155.93 1,400.00 3,755.93 1,900.00 (3,255.93) -171.4%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance 500.00 500.00 - 3,500.00 3,500.00 - 4,800.00 1,300.00 27.1%6709150 Dues & Subscriptions106.92 100.00 6.92 106.92 650.00 (543.08) 1,700.00 1,593.08 93.7%6709180 Employee Recruiting/Relocation60.00 200.00 (140.00) 444.00 1,000.00 (556.00) 1,400.00 956.00 68.3%6709197 Equipment Rental829.15 550.00 279.15 4,200.54 3,850.00 350.54 6,600.00 2,399.46 36.4%6709202 Fees-Bank57.80 90.00 (32.20) 751.41 630.00 121.41 1,080.00 328.59 30.4%6709208 Fees-Payroll Processing1,066.65 1,200.00 (133.35) 5,926.64 8,400.00 (2,473.36) 14,400.00 8,473.36 58.8%6709220 Freight/Delivery- 50.00 (50.00) 31.72 350.00 (318.28) 600.00 568.28 94.7%6709490 Miscellaneous21.25 100.00 (78.75) 3,618.17 6,100.00 (2,481.83) 1,200.00 (2,418.17) -201.5%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services141.19 75.00 66.19 756.95 525.00 231.95 900.00 143.05 15.9%6709625 Professional Fees393.50 850.00 (456.50) 7,987.42 5,950.00 2,037.42 10,200.00 2,212.58 21.7%6709636 Promotion/Entertainment- 100.00 (100.00) - 700.00 (700.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training- 200.00 (200.00) 1,050.00 1,400.00 (350.00) 2,400.00 1,350.00 56.3%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms183.72 75.00 900.00 504.84 675.00 (170.16) 1,050.00 545.16 51.9%Total-G&A-OTHER EXPENSES 3,360.18 4,090.00 61.46 28,878.61 33,830.00 (4,951.39) 54,030.00 25,151.39 46.6%25,810.11 27,359.00 (1,548.89) 175,124.91 189,909.00 (14,784.09) 327,511.00 152,386.09 46.5%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementJanuary 2017Annual Budget10 JanuaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,929.27 10,050.00 (120.73) 70,746.52 70,800.00 (53.48) 121,050.00 50,303.48 41.6%6800193 Equipment Leases-Maintenance 10,499.36 11,500.00 (1,000.64) 54,797.06 58,700.00 (3,902.94) 72,600.00 17,802.94 24.5%6800194 Equipment Leases-Trailer542.07 600.00 (57.93) 4,054.49 4,200.00 (145.51) 7,200.00 3,145.51 43.7%6800196 Equipment Leases-GPS3,870.00 4,700.00 (830.00) 34,470.00 32,900.00 1,570.00 56,400.00 21,930.00 38.9%6800197 Equipment Leases-Others1,964.42 1,950.00 14.42 13,950.79 10,450.00 3,500.79 13,800.00 (150.79) 0.0%26,805.12 28,800.00 (1,994.88) 178,018.86 177,050.00 968.86 271,050.00 93,031.14 34.3%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,652.60 8,653.00 (0.40) 60,569.60 60,571.00 (1.40) 99,840.00 39,270.40 39.3%6900210 FF&E Reserve7,752.21 7,778.00 (25.79) 26,344.20 22,455.00 3,889.20 63,985.00 37,640.80 58.8%6900800 Personal Property Taxes- - - 10,871.10 11,800.00 (928.90) 11,800.00 928.90 7.9%6900323 Insurance-Commercial3,741.91 2,700.00 1,041.91 30,110.13 18,900.00 11,210.13 26,400.00 (3,710.13) -14.1%20,146.72 19,131.00 1,015.72 127,895.03 113,726.00 14,169.03 202,025.00 74,129.97 36.7%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementJanuary 2017Annual BudgetMonth to Date Year to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2016-20172016 2016 2016 2016 2016 2016Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4 828SalesPromotionGolf IndustryVIPCelebrityPGA Comp34 45 47 20 13 33Charity/Gift Certificate1847Rain/Wind Checks113Club Staff47 61 63 19 25 82LQ HS Golf58844892 122 130 43 43 1612017 2017 2017 2017 2017 2017Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia4SalesPromotionGolf IndustryVIPCelebrityPGA Comp27Charity/Gift Certificate14Rain/Wind Checks11Club Staff51LQ HS Golf11118 0000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2016-2017January 2017 Date TimeDescriptionCategoryPlayers1/7/2017 10:45:00 AM Gordan Giginsberg-Canadian Publication Golf Review Media21/14/2017 11:00:00 AM Bill Flower-Golf Rater Golfweek MagazineMedia213