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08 February 2017 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2016 – February 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 FebruaryFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue515,869.40 496,306.00 19,563.40 3.9% 1,833,078.98 1,619,011.00 214,067.98 3,199,237.00 1,366,158.02 57%401000 Miscellaneous Golf Revenue52,610.25 55,650.00 (3,039.75) -5.5% 220,764.17 217,288.00 3,476.17 349,259.00 128,494.83 63%410000Revenue-Golf Shop34,612.23 38,500.00 (3,887.77) -10.1%143,382.62 141,864.00 1,518.62 278,585.00 135,202.38 51%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%9,000.00 9,000.00 - 12,000.00 3,000.00 75%890000 Interest Income0.04 - 0.04 0.34 - 0.34 - (0.34) 0%Total Income604,591.92 591,956.00 12,635.92 2.1% 2,206,226.11 1,987,163.00 219,063.11 3,839,081.00 1,632,854.89 57%Cost of Goods Sold510000 COS-Golf Shop18,790.22 21,548.00 (2,757.78) 12.8% 81,464.97 79,401.12 (2,063.85) 155,924.00 74,459.03 52%Total COS18,790.22 21,548.00 (2,757.78) 12.8% 81,464.97 79,401.12 (2,063.85) 155,924.00 74,459.03 52%Gross Profit585,801.70 570,408.00 15,393.70 2.7% 2,124,761.14 1,907,761.88 216,999.26 3,683,157.00 1,558,395.86 58%Expenses610000 Golf Pro Shop17,866.56 18,519.00 (652.44) 3.5% 123,165.71 125,402.00 (2,236.29) 204,827.00 81,661.29 60%630000 Course Maintenance111,422.08 125,528.00 (14,105.92) 11.2% 1,134,870.29 1,214,286.00 (79,415.71) 1,712,795.00 577,924.71 66%633000 Maintenance Water & Energy14,536.36 17,148.00 (2,611.64) 15.2% 139,522.88 154,217.00 (14,694.12) 225,129.00 85,606.12 62%640000 Outside Services41,948.10 40,480.00 1,468.10 -3.6% 207,472.06 204,898.00 2,574.06 309,830.00 102,357.94 67%650000 Clubhouse12,659.84 10,636.00 2,023.84 -19.0% 92,516.65 90,588.00 1,928.65 136,332.00 43,815.35 68%660000 Marketing22,716.48 24,081.00 (1,364.52) 5.7% 162,910.28 161,250.00 1,660.28 240,177.00 77,266.72 68%670000 General & Administrative25,312.44 27,911.00 (2,598.56) 9.3% 200,437.35 217,972.00 (17,534.65) 327,511.00 127,073.65 61%680000 Leases25,968.15 28,800.00 (2,831.85) 9.8% 203,987.01 205,850.00 (1,862.99) 271,050.00 67,062.99 75%690000 Miscellaneous Other Expense24,944.95 21,279.00 3,665.95 -17.2% 152,839.98 135,005.00 17,834.98 202,025.00 49,185.02 76%Total Expenses297,374.96 314,382.00 (17,007.04) 5.4% 2,417,722.21 2,509,468.00 91,745.79 3,629,676.00 1,211,953.79 67%288,426.74 256,026.00 32,400.74 12.7%(292,961.07) (601,706.12) 308,745.05 53,481.00 346,442.07 0%Rounds of Golf PlayedPaid Rounds Played5,519 5,500 19 0.3%28,188 22,975 5,213 46,475 18,287 61%Ave $ Per Paid Round Green Fee93.47 90.24 3.23 3.6%65.03 70.47 (5.44) 68.84 3.81 94%Ave $ Per Paid Round Merchandise6.27 7.00 (0.73) -10.4%5.09 6.17 (1.09) 5.99 0.91 85%Ave $ Per Paid Miscellaneous 9.53 10.12 (0.59) -5.8%7.83 9.46 (1.63) 7.51 (0.32) 104%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateFebruary 20171 Income FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees515,869.40 496,306.00 19,563.40 1,833,078.98 1,619,011.00 214,067.98 3,199,237.00 1,366,158.02 42.7%4010000 Rider Fee1,200.00 1,375.00 (175.00) 5,332.50 4,526.00 806.50 7,738.00 2,405.50 31.1%4040000 Club Rental3,655.00 2,750.00 905.00 14,885.00 11,679.00 3,206.00 23,238.00 8,353.00 35.9%4050000 Driving Range19,075.00 20,625.00 (1,550.00) 59,729.00 69,783.00 (10,054.00) 100,984.00 41,255.00 40.9%4060000 Handicap Fees- 400.00 (400.00) 33.12 2,100.00 (2,066.88) 2,500.00 2,466.88 98.7%4080000 GPS Advertising- 500.00 (500.00) - 2,400.00 (2,400.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract- - - 1,445.30 3,000.00 (1,554.70) 4,000.00 2,554.70 63.9%4091000 Golf Professional Rental Fee8,205.25 6,000.00 2,205.25 27,079.25 21,000.00 6,079.25 37,000.00 9,920.75 26.8%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue20,475.00 24,000.00 (3,525.00) 112,260.00 102,800.00 9,460.00 171,200.00 58,940.00 34.4% Total Revenue Fees568,479.65 551,956.00 16,523.65 2,053,843.15 1,836,299.00 217,544.15 3,548,497.00 1,494,653.85 42.1%568,479.65 551,956.00 16,523.65 2,053,843.15 1,836,299.00 217,544.15 3,548,497.00 1,494,653.85 42.1%SilverRock ResortStatement of Fees RevenueFebruary 2017Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$34,612.23$38,500.00(3,887.77)Unfavorable: Consumer spending on golf merchandise/accessories continue to lag in the industry. Increased promotions and sales will be needed to increase activity. ExpensesActualBudgetVariance$111,422.08$125,528.00(14,105.92)Favorable: Due to reduced amounts of applications of Fertilizer and Chemicals as a result of the additional rainfall.ActualBudgetVariance$12,659.84$10,636.002,023.84Unfavorable: Due to additional expense in restaurant repair and maintenance due to clogged drains and refrigeration repairs. ActualBudgetVariance$14,536.36$17,148.00(2,611.64)Favorable: Due to an increase in the amount of rain for the month of January. Less pump run time and less water.ActualBudgetVariance$24,944.95$21,279.003,665.95Unfavorable: Due to timing of delivery of new maintenance equipment commercial insurance increased.Variance ExplanationFebruary 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 areClubhouseGolf Course MaintenanceMiscellaneous Other Expenseprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesMaintenance Water and Energy3-20-133 Income FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous257.00 - 257.00 4,380.29 - 4,380.29 00 0%4100110 Sales Hard Goods 10,291.98 13,475.00 (3,183.02) 48,074.62 49,653.00 (1,578.38) 97,505.00 49,430.38 50.7%4100112 Sales-Soft Goods26,675.75 25,025.00 1,650.75 109,087.25 92,211.00 16,876.25 181,080.00 71,992.75 39.8%5100639 GS-Discounts-Mdse (2,612.50) - (2,612.50) (18,159.54) - (18,159.54) - 18,159.54 0.0% Total Revenue Golf Shop34,612.23 38,500.00 (3,887.77) 143,382.62 141,864.00 1,518.62 278,585.00 139,582.67 50.1%COS 5100150 COS-GS-Hard Goods 5,894.97 7,815.50 (1,920.53) 25,731.07 28,798.74 (3,067.67) 56,552.90 30,821.83 54.5%5100151 COS-GS-Soft Goods 12,627.97 14,514.50 (1,886.53) 53,622.85 53,482.38 140.47 105,026.40 51,403.55 48.9%5100152 COS-GS-Purchase Disc (4.56) (1,117.00) 1,112.44 (531.32) (4,115.00) 3,583.68 (8,079.00) (7,547.68) 93.4%5100220 COS-GS-Freight Merch 271.84 335.00 (63.16) 2,642.37 1,235.00 1,407.37 2,424.00 (218.37) -9.0%Cost of Sales - Golf Shop18,790.22 21,548.00 (2,757.78) 81,464.97 79,401.12 2,063.85 155,924.30 74,459.33 47.8%Gross Profit15,822.01 16,952.00 (1,129.99) 61,917.65 62,462.88 (545.23) 122,660.70 65,123.34 53.1%COS %54.3% 56.0% 1.7% 56.8% 56.0% -0.8% 53.1% 53.3% 100.5%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group2,001.90 2,387.00 (385.10) 15,149.88 16,709.00 (1,559.12) 27,621.00 12,471.12 45.2%6101325 Insurance-Workers Comp 880.17 478.00 402.17 4,173.91 3,113.00 1,060.91 5,042.00 868.09 17.2%6101720 Salaries4,000.00 4,001.00 (1.00) 32,007.00 32,008.00 (1.00) 45,000.00 12,993.00 28.9%6101800 Taxes-Employer Payroll 1,756.54 1,786.00 (29.46) 9,607.51 11,624.00 (2,016.49) 18,825.00 9,217.49 49.0%6101880 Wages-Hourly8,071.93 8,757.00 (685.07) 53,019.21 51,028.00 1,991.21 89,463.00 36,443.79 40.7%6101882 Wages-Overtime214.69 - 214.69 413.47 - 413.47 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,925.23 17,409.00 (483.77) 114,370.98 114,482.00 (111.02) 185,951.00 72,946.37 39.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office219.25 250.00 (30.75) 752.58 2,000.00 (1,247.42) 3,000.00 2,247.42 74.9%6109220 Freight & Delivery- - - 16.80 75.00 (58.20) 75.00 58.20 77.6%6109490 Miscellaneous500.00 500.00 - 4,000.00 4,000.00 - 6,000.00 2,000.00 33.3%6109150 Dues and Subscriptions- - - 1,103.62 - 1,103.62 2,300.00 1,196.38 52.0%6109500 ProShop-Over/Short(20.74) - (20.74) 21.67 - 21.67 - (21.67) 0.0%6109722 Seminars/Training- 35.00 (35.00) 55.00 2,335.00 (2,280.00) 3,690.00 3,635.00 98.5%6109810 Travel - Merchandise- 15.00 (15.00) - 30.00 (30.00) 90.00 90.00 100.0%6109820 Uniforms124.00 200.00 (76.00) 2,264.52 1,600.00 664.52 2,400.00 135.48 5.6%6117840 Telephones118.82 110.00 8.82 580.54 880.00 (299.46) 1,320.00 739.46 56.0%941.33 1,110.00 (168.67) 8,794.73 10,920.00 (2,125.27) 18,875.00 10,080.27 53.4%17,866.56 18,519.00 (652.44) 123,165.71 125,402.00 (2,236.29) 204,826.00 83,026.64 40.5%Net Income(2,044.55) (1,567.00) (477.55) (61,248.06) (62,939.12) 1,691.06 (82,165.30) (17,903.30) 21.8%SilverRock ResortGolf Shop Income StatementFebruary 2017Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group11,082.34 8,990.00 2,092.34 70,873.41 71,920.00 (1,046.59) 107,880.00 37,006.59 34.3%6311325 Insurance-Workers Comp3,017.71 2,065.00 952.71 17,739.43 15,976.00 1,763.43 24,794.00 7,054.57 28.5%6311720 Salaries11,338.40 9,333.33 2,005.07 88,195.60 74,666.64 13,528.96 142,017.20 53,821.60 37.9%6311800 Taxes-Employer Payroll4,130.88 7,708.00 (3,577.12) 46,924.74 60,244.00 (13,319.26) 93,302.00 46,377.26 49.7%6311880 Wages-Hourly44,779.57 45,722.67 (943.10) 352,935.16 342,582.36 10,352.80 508,481.80 155,546.64 30.6%6311882 Wages-Overtime23.07 - 23.07 12,857.39 13,076.00 (218.61) 15,945.00 3,087.61 19.4%Total-CM-SALARIES & BENEFITS74,371.97 73,819.00 552.97 589,525.73 578,465.00 11,060.73 892,420.00 302,894.27 33.9%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 1,937.42 3,000.00 (1,062.58) 16,406.82 28,200.00 (11,793.18) 34,600.00 18,193.18 52.6%6313744 Fertilizer1,293.00 12,500.00 (11,207.00) 61,776.41 91,500.00 (29,723.59) 112,500.00 50,723.59 45.1%6313745 Herbicides- - - 13,179.43 17,000.00 (3,820.57) 17,000.00 3,820.57 22.5%6313746 Flowers/Plants- 100.00 (100.00) 1,520.65 2,850.00 (1,329.35) 3,050.00 1,529.35 50.1%6313748 Fuel-Gasoline3,011.84 3,820.00 (808.16) 23,322.06 39,020.00 (15,697.94) 55,020.00 31,697.94 57.6%6313750 Golf Course Accessories1,136.02 100.00 1,036.02 10,322.65 12,600.00 (2,277.35) 13,000.00 2,677.35 20.6%6313756 POA Control- - - 6,349.28 7,000.00 (650.72) 7,000.00 650.72 9.3%6313758 Miscellaneous Supp589.48 100.00 489.48 4,640.28 3,950.00 690.28 4,350.00 (290.28) -6.7%6313762 Supplies-Office18.00 - 18.00 1,621.02 - 1,621.02 - (1,621.02) 0.0%6313774 Sand467.44 100.00 367.44 9,273.61 13,060.00 (3,786.39) 13,460.00 4,186.39 31.1%6313776 Seed- 350.00 (350.00) 117,164.38 124,500.00 (7,335.62) 125,900.00 8,735.62 6.9%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 2,068.16 4,600.00 (2,531.84) 5,000.00 2,931.84 58.6%6313780 Sod- - - 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 & MATERIALS8,453.20 20,170.00 (11,716.80) 283,864.29 362,030.00 (78,165.71) 411,930.00 128,065.71 31.1%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,480.00 2,600.00 (120.00) 22,290.00 20,800.00 1,490.00 31,200.00 8,910.00 28.6%6315685 CM-R&M-Bldngs & Othr Structures 445.44 250.00 195.44 2,207.03 4,550.00 (2,342.97) 5,550.00 3,342.97 60.2%6315690 CM-R&M-Equipment2,152.74 2,500.00 (347.26) 27,329.02 28,500.00 (1,170.98) 40,000.00 12,670.98 31.7%6315692 CM-R&M-Irrigation System495.17 1,000.00 (504.83) 16,558.18 15,050.00 1,508.18 19,050.00 2,491.82 13.1%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 3,765.55 8,000.00 (4,234.45) 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 & MAINTENANCE5,573.35 7,350.00 (1,776.65) 78,220.78 82,950.00 (4,729.22) 118,350.00 40,129.22 33.9%6317836 Utilities-Natural Gas/LPG24.56 15.00 9.56 188.33 120.00 68.33 180.00 (8.33) 0.0%6317840 Telephones629.33 850.00 (220.67) 6,354.15 6,800.00 (445.85) 10,200.00 3,845.85 37.7%Total-CM-UTILITIES 653.89 865.00 (211.11) 6,542.48 6,920.00 (377.52) 10,380.00 3,837.52 37.0%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 400.00 500.00 (100.00) 3,200.00 4,000.00 (800.00) 6,000.00 2,800.00 46.7%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 5,932.54 4,192.00 1,740.54 6,288.00 355.46 5.7%6319150 Dues & Subscriptions375.00 240.00 135.00 940.00 240.00 700.00 540.00 (400.00) -74.1%6319170 Employee Education- 1,000.00 (1,000.00) - 1,350.00 (1,350.00) 1,550.00 1,550.00 100.0%6319197 Equipment Rental- 200.00 (200.00) 737.04 2,700.00 (1,962.96) 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 Miscellaneous76.92 100.00 (23.08) 713.47 800.00 (86.53) 1,200.00 486.53 40.5%6319718 Safety Equipment & Training53.83 200.00 (146.17) 2,286.54 3,350.00 (1,063.46) 3,850.00 1,563.46 40.6%6319822 Uniforms1,335.55 920.00 415.55 8,793.24 7,360.00 1,433.24 11,040.00 2,246.76 20.4%Total-CM-OTHER EXPENSES2,953.64 3,684.00 (730.36) 24,762.89 26,272.00 (1,509.11) 42,048.00 17,285.11 41.1%SilverRock ResortCourse Maintenance Expense StatementFebruary 2017Annual BudgetMonth to Date Year to Date5 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group3,315.34 2,728.00 587.34 23,737.67 21,824.00 1,913.67 32,736.00 8,998.33 27.5%6321325 Insurance-Workers Comp628.69 519.00 109.69 3,900.19 4,069.00 (168.81) 6,171.00 2,270.81 36.8%6321800 Taxes-Employer Payroll908.89 1,938.00 (1,029.11) 10,521.90 15,438.00 (4,916.10) 23,334.00 12,812.10 54.9%6321880 Wages-Hourly13,735.20 13,840.00 (104.80) 105,481.17 104,960.00 521.17 160,320.00 54,838.83 34.2%6321882 Wages-Overtime- - - 5,458.15 5,313.00 145.15 6,351.00 892.85 14.1%Total-CM-LM-SALARIES & BENEFITS 18,588.12 19,025.00 (436.88) 149,099.08 151,604.00 (2,504.92) 228,912.00 79,812.92 34.9%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) - 725.00 (725.00) 1,025.00 1,025.00 100.0%6323788 Uniforms827.91 290.00 537.91 2,855.04 2,320.00 535.04 3,480.00 624.96 18.0%Total-CM-LM-SUPPLIES & MATERIALS 827.91 365.00 462.91 2,855.04 3,045.00 (189.96) 4,505.00 1,649.96 36.6%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) - 3,000.00 (3,000.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) - 3,000.00 (3,000.00) 4,250.00 4,250.00 100.0%111,422.08 125,528.00 (14,105.92) 1,134,870.29 1,214,286.00 (79,415.71) 1,712,795.00 577,924.71 33.7% FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping12,102.10 15,016.00 (2,913.90) 91,698.58 102,822.00 (11,123.42) 179,791.00 88,092.42 49.0%6337842 Utilities-Water2,434.26 2,132.00 302.26 47,824.30 51,395.00 (3,570.70) 45,338.00 (2,486.30) -5.5%14,536.36 17,148.00 (2,611.64) 139,522.88 154,217.00 (14,694.12) 225,129.00 85,606.12 38.0%Silverrock ResortCourse Maintenance Water & EnergyFebruary 2017Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementFebruary 2017Silverrock ResortAnnual BudgetMonth to Date Year to Date6 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 682.00 (682.00) - 5,456.00 (5,456.00) 8,184.00 8,184.00 100.0%6411325 Insurance-Workers Comp1,760.33 613.00 1,147.33 5,729.31 3,204.00 2,525.31 5,229.00 (500.31) -9.6%6411800 Taxes-Employer Payroll2,598.60 2,036.00 562.60 11,073.63 10,637.00 436.63 17,360.00 6,286.37 36.2%6411880 Wages-Hourly17,117.31 16,350.00 767.31 91,060.44 85,435.00 5,625.44 139,434.00 48,373.56 34.7%6411882 Wages-Overtime717.03 - 717.03 2,171.16 - 2,171.16 - (2,171.16) 0.0%Total-CBR-SALARIES & BENEFITS22,193.27 19,681.00 2,512.27 110,034.54 104,732.00 5,302.54 170,207.00 60,172.46 35.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- 75.00 (75.00) - 1,650.00 (1,650.00) 1,850.00 `0.0%6413742 Supplies-Expendable785.50 1,000.00 (214.50) 4,180.16 5,450.00 (1,269.84) 6,750.00 2,569.84 38.1%6413748 Supplies-Fuel for Shuttle107.80 450.00 (342.20) 216.70 1,800.00 (1,583.30) 3,000.00 2,783.30 92.8%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) - 325.00 (325.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary- 70.00 (70.00) - 140.00 (140.00) 420.00 420.00 100.0%6413786 Supplies-Towels240.00 250.00 (10.00) 2,551.34 1,360.00 1,191.34 2,182.00 (369.34) -16.9%6413796 Supplies-Bottled Water7,149.34 7,000.00 149.34 15,417.83 10,800.00 4,617.83 11,000.00 (4,417.83) -40.2%Total-CBR-SUPPLIES & MATERIALS8,282.64 8,895.00 (612.36) 33,058.03 30,525.00 2,533.03 34,727.00 (181.03) -0.5%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment145.00 300.00 (155.00) 1,793.55 2,400.00 (606.45) 3,600.00 1,806.45 50.2%6415695 CBR-R&M-Cart Maintenance & Repair- 500.00 (500.00) 3,456.45 4,450.00 (993.55) 6,450.00 2,993.55 46.4%Total-CBR-REPAIRS & MAINTENANCE145.00 800.00 (655.00) 5,250.00 6,850.00 (1,600.00) 10,050.00 4,800.00 47.8%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen847.89 800.00 47.89 6,041.66 6,400.00 (358.34) 9,600.00 3,558.34 37.1%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous427.62 600.00 (172.38) 1,671.59 4,800.00 (3,128.41) 7,200.00 5,528.41 76.8%6419820 Uniforms- - - 2,880.44 3,000.00 (119.56) 5,200.00 2,319.56 44.6%Total-CBR-OTHER EXPENSES1,275.51 1,400.00 (124.49) 10,593.69 14,650.00 (4,056.31) 22,450.00 11,856.31 52.8%TOTAL-CARTS,BAGROOM & RANGE31,896.42 30,776.00 (124.49) 158,936.26 156,757.00 2,179.26 237,434.00 76,647.74 32.3%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp754.43 302.00 452.43 2,956.69 1,444.00 1,512.69 2,179.00 (777.69) -35.7%6431800 Taxes-Employer Payroll1,163.90 1,127.00 36.90 4,694.12 5,390.00 (695.88) 8,135.00 3,440.88 42.3%6431880 Wages-Hourly8,133.35 8,050.00 83.35 38,952.62 38,507.00 445.62 58,108.00 19,155.38 33.0%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS10,051.68 9,479.00 572.68 46,603.43 45,341.00 1,262.43 68,422.00 21,818.57 31.9%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 121.84 700.00 (578.16) 1,050.00 928.16 88.4%6439490 Miscellaneous- - - 429.00 200.00 229.00 200.00 (229.00) -114.5%6439718 Safety Equipment & Training- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) 1,381.53 1,500.00 (118.47) 2,125.00 743.47 35.0%Total-CS-OTHER EXPENSES- 225.00 (225.00) 1,932.37 2,800.00 (867.63) 3,975.00 2,042.63 51.4%Total-COURSE SERVICES10,051.68 9,704.00 347.68 48,535.80 48,141.00 394.80 72,397.00 23,861.20 33.0%41,948.10 40,480.00 1,468.10 207,472.06 204,898.00 2,574.06 309,831.00 98,466.31 31.8%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementFebruary 2017Annual Budget7 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%65-CH-UTILITIES6507836 Utilities-Natural Gas713.06 300.00 413.06 3,266.95 2,400.00 866.95 3,600.00 333.05 9.3%6507840 Utilities-Telephone1,345.05 1,150.00 195.05 9,337.86 9,200.00 137.86 13,800.00 4,462.14 32.3%6507842 Utilities-Water682.69 321.00 361.69 2,617.88 2,568.00 49.88 3,852.00 1,234.12 32.0%6507844 Utilities-Cable490.47 340.00 150.47 3,906.99 2,720.00 1,186.99 4,080.00 173.01 4.2%Total-CH-UTILITIES3,231.27 2,111.00 1,120.27 19,129.68 16,888.00 2,241.68 25,332.00 6,202.32 24.5%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,825.00 (75.00) 14,630.00 15,200.00 (570.00) 22,500.00 7,870.00 35.0%6509099 Contract Services-Security4,711.68 4,900.00 (188.32) 44,377.80 40,800.00 3,577.80 60,400.00 16,022.20 26.5%6509215 Flowers & Decorations63.58 - 63.58 509.69 1,000.00 (490.31) 1,900.00 1,390.31 73.2%6509490 Miscellaneous139.88 200.00 (60.12) 1,967.67 3,900.00 (1,932.33) 7,000.00 5,032.33 71.9%6509718 Safety Equipment & Training257.99 100.00 157.99 642.24 800.00 (157.76) 1,200.00 557.76 46.5%Total-CH-OTHER EXPENSES6,923.13 7,025.00 (101.87) 62,127.40 61,700.00 427.40 93,000.00 30,872.60 33.2%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures343.38 300.00 43.38 3,684.51 2,400.00 1,284.51 3,600.00 (84.51) -2.3%6515686 CH-R&M-Restaurant Repairs1,314.90 400.00 914.90 3,009.90 3,200.00 (190.10) 4,800.00 1,790.10 37.3%6515690 CH-R&M-Equipment Repair447.16 400.00 47.16 1,365.16 3,200.00 (1,834.84) 4,800.00 3,434.84 71.6%Total-CH-REPAIRS & MAINTENANCE2,105.44 1,100.00 1,005.44 8,059.57 8,800.00 (740.43) 13,200.00 5,140.43 38.9%12,659.84 10,636.00 2,023.84 92,516.65 90,588.00 1,928.65 136,332.00 10,280.86 7.5%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementFebruary 2017Annual Budget8 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group341.00 341.00 - 2,431.00 2,728.00 (297.00) 4,092.00 1,661.00 40.6%6601325 Insurance-Workers Comp94.00 94.00 - 734.50 752.00 (17.50) 1,129.00 394.50 34.9%6601720 Salaries2,505.71 2,508.00 (2.29) 19,092.87 20,064.00 (971.13) 30,096.00 11,003.13 36.6%6601800 Taxes-Employer Payroll775.40 351.00 424.40 2,165.05 2,808.00 (642.95) 4,213.00 2,047.95 48.6%Total-MKT-SALARIES & BENEFITS 3,716.11 3,294.00 422.11 24,423.42 26,352.00 (1,928.58) 39,530.00 15,106.58 38.2%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 100.00 100.00 - 1,314.03 800.00 514.03 1,200.00 (114.03) -9.5%6603768 Supplies-Printing & Stationery 227.81 125.00 102.81 4,260.43 3,925.00 335.43 4,425.00 164.57 3.7%327.81 225.00 102.81 5,574.46 4,725.00 849.46 5,625.00 50.54 0.9%66-MKT-UTILITIES6607840 Utilities-Telephone98.08 100.00 (1.92) 829.64 800.00 29.64 1,200.00 370.36 30.9%Total-MKT-UTILITIES98.08 100.00 (1.92) 829.64 800.00 29.64 1,200.00 370.36 30.9%66-MKT-OTHER EXPENSES6609010 Advertising18,423.66 18,612.00 (188.34) 125,327.24 119,488.00 5,839.24 178,987.00 53,659.76 30.0%6609040 Business Meals- 25.00 (25.00) - 200.00 (200.00) 300.00 300.00 100.0%6609080 Collateral Material51.82 500.00 (448.18) 3,097.85 2,500.00 597.85 5,500.00 2,402.15 43.7%6609102 Contract Services-Web Page99.00 150.00 (51.00) 792.00 1,200.00 (408.00) 1,800.00 1,008.00 56.0%6609490 Miscellaneous- 50.00 (50.00) 764.70 200.00 564.70 350.00 (414.70) -118.5%6609620 Postage- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) 97.09 500.00 (402.91) 700.00 602.91 86.1%6609633 Promotion-Community- 75.00 (75.00) 310.27 1,950.00 (1,639.73) 2,250.00 1,939.73 86.2%6609634 Promotion-Media/Vendor- 500.00 (500.00) 1,308.71 2,000.00 (691.29) 2,000.00 691.29 34.6%6609150 Dues and Subscriptions- 400.00 (400.00) 82.50 435.00 (352.50) 735.00 652.50 88.8%6609820 Uniforms- 50.00 (50.00) 302.40 500.00 (197.60) 600.00 297.60 49.6%Total-MKT-OTHER EXPENSES18,574.48 20,462.00 (1,887.52) 132,082.76 129,373.00 2,709.76 193,822.00 61,739.24 31.9%22,716.48 24,081.00 (1,364.52) 162,910.28 161,250.00 1,660.28 240,177.00 77,266.72 32.2%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementFebruary 2017Annual Budget9 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group 1,612.73 1,488.00 124.73 10,210.83 11,904.00 (1,693.17) 17,856.00 7,645.17 42.8%6701325 Insurance-Workers Comp377.21 662.00 (284.79) 4,232.54 5,070.00 (837.46) 7,717.00 3,484.46 45.2%6701720 Salaries15,723.90 15,050.00 673.90 110,624.60 114,400.00 (3,775.40) 177,996.00 67,371.40 37.8%6701800 Taxes-Employer Payroll1,668.80 2,471.00 (802.20) 12,087.10 18,928.00 (6,840.90) 28,812.00 16,724.90 58.0%6701880 Wages-Hourly2,512.00 2,600.00 (88.00) 21,693.70 20,950.00 743.70 27,800.00 6,106.30 22.0%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 21,894.64 22,271.00 (376.36) 158,848.77 171,252.00 (12,403.23) 260,181.00 101,332.23 38.9%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer226.00 500.00 (274.00) 2,817.77 4,000.00 (1,182.23) 6,300.00 3,482.23 55.3%6703762 Supplies-Office75.27 150.00 (74.73) 383.10 1,200.00 (816.90) 1,800.00 1,416.90 78.7%6703768 Supplies-Printing & Stationery151.90 400.00 (248.10) 1,388.54 1,700.00 (311.46) 3,300.00 1,911.46 57.9%Total-G&A-SUPPLIES & MATERIALS453.17 1,050.00 (596.83) 4,589.41 6,900.00 (2,310.59) 11,400.00 6,810.59 59.7%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 87.27 100.00 (12.73) 5,243.20 1,500.00 3,743.20 1,900.00 (3,343.20) -176.0%Total-G&A-REPAIRS & MAINTENANCE 87.27 100.00 (12.73) 5,243.20 1,500.00 3,743.20 1,900.00 (3,343.20) -176.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance 500.00 500.00 - 4,000.00 4,000.00 - 4,800.00 800.00 16.7%6709150 Dues & Subscriptions569.00 400.00 169.00 675.92 1,050.00 (374.08) 1,700.00 1,024.08 60.2%6709180 Employee Recruiting/Relocation30.00 200.00 (170.00) 474.00 1,200.00 (726.00) 1,400.00 926.00 66.1%6709197 Equipment Rental420.59 550.00 (129.41) 4,621.13 4,400.00 221.13 6,600.00 1,978.87 30.0%6709202 Fees-Bank237.59 90.00 147.59 989.00 720.00 269.00 1,080.00 91.00 8.4%6709208 Fees-Payroll Processing202.34 1,200.00 (997.66) 6,128.98 9,600.00 (3,471.02) 14,400.00 8,271.02 57.4%6709220 Freight/Delivery- 50.00 (50.00) 31.72 400.00 (368.28) 600.00 568.28 94.7%6709490 Miscellaneous55.24 100.00 (44.76) 3,673.41 6,200.00 (2,526.59) 1,200.00 (2,473.41) -206.1%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services107.99 75.00 32.99 864.94 600.00 264.94 900.00 35.06 3.9%6709625 Professional Fees574.00 850.00 (276.00) 8,561.42 6,800.00 1,761.42 10,200.00 1,638.58 16.1%6709636 Promotion/Entertainment- 100.00 (100.00) - 800.00 (800.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training105.71 200.00 (94.29) 1,155.71 1,600.00 (444.29) 2,400.00 1,244.29 51.8%6709810 Travel- 100.00 (100.00) - 200.00 (200.00) 1,100.00 1,100.00 100.0%6709820 Uniforms74.90 75.00 900.00 579.74 750.00 (170.26) 1,050.00 470.26 44.8%Total-G&A-OTHER EXPENSES 2,877.36 4,490.00 (712.54) 31,755.97 38,320.00 (6,564.03) 54,030.00 22,274.03 41.2%25,312.44 27,911.00 (2,598.56) 200,437.35 217,972.00 (17,534.65) 327,511.00 127,073.65 38.8%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementFebruary 2017Annual Budget10 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,840.27 10,050.00 (209.73) 80,586.79 80,850.00 (263.21) 121,050.00 40,463.21 33.4%6800193 Equipment Leases-Maintenance 10,050.00 11,500.00 (1,450.00) 64,847.06 70,200.00 (5,352.94) 72,600.00 7,752.94 10.7%6800194 Equipment Leases-Trailer260.00 600.00 (340.00) 4,314.49 4,800.00 (485.51) 7,200.00 2,885.51 40.1%6800196 Equipment Leases-GPS4,370.00 4,700.00 (330.00) 38,840.00 37,600.00 1,240.00 56,400.00 17,560.00 31.1%6800197 Equipment Leases-Others1,447.88 1,950.00 (502.12) 15,398.67 12,400.00 2,998.67 13,800.00 (1,598.67) 0.0%25,968.15 28,800.00 (2,831.85) 203,987.01 205,850.00 (1,862.99) 271,050.00 67,062.99 24.7%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,652.80 8,653.00 (0.20) 69,222.40 69,224.00 (1.60) 99,840.00 30,617.60 30.7%6900210 FF&E Reserve10,317.39 9,926.00 391.39 36,661.59 32,381.00 4,280.59 63,985.00 27,323.41 42.7%6900800 Personal Property Taxes- - - 10,871.10 11,800.00 (928.90) 11,800.00 928.90 7.9%6900323 Insurance-Commercial5,974.76 2,700.00 3,274.76 36,084.89 21,600.00 14,484.89 26,400.00 (9,684.89) -36.7%24,944.95 21,279.00 3,665.95 152,839.98 135,005.00 17,834.98 202,025.00 49,185.02 24.3%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementFebruary 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 CategoryJanuaryFebruaryMarchAprilMayJuneMedia4 5SalesPromotionGolf IndustryVIPCelebrityPGA Comp27 10Charity/Gift Certificate149Rain/Wind Checks114Club Staff51 22LQ HS Golf11 45118 95000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2016-2017February 2017 Date TimeDescriptionCategoryPlayers2/10/2017 8:00 a.m. Wes Gilbertson - Golf Writer from CanadaMedia12/19/2017 9:38:00 AM Jason Kosky - Locale MagazineMedia413