Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
10 April 2017 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2016 – April 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 AprilFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue368,626.77 370,987.00 (2,360.23) -0.6% 2,784,220.60 2,544,173.00 240,047.60 3,199,237.00 415,016.40 87%401000 Miscellaneous Golf Revenue37,180.00 34,065.00 3,115.00 9.1% 309,172.67 300,478.00 8,694.67 349,259.00 40,086.33 89%410000Revenue-Golf Shop28,122.93 33,751.00 (5,628.07) -16.7%206,771.37 217,615.00 (10,843.63) 278,585.00 71,813.63 74%420000 Revenue-F&B Concession500.00 500.00 - 0.0% 11,000.00 11,000.00 - 12,000.00 1,000.00 92%890000 Interest Income0.04 - 0.04 0.47 - 0.47 - (0.47) 0%Total Income434,429.74 439,303.00 (4,873.26) -1.1% 3,311,165.11 3,073,266.00 237,899.11 3,839,081.00 527,915.89 86%Cost of Goods Sold510000 COS-Golf Shop16,477.89 18,890.58 (2,412.69) 12.8% 116,756.55 121,798.70 5,042.15 155,924.00 39,167.45 75%Total COS16,477.89 18,890.58 (2,412.69) 12.8% 116,756.55 121,798.70 5,042.15 155,924.00 39,167.45 75%Gross Profit417,951.85 420,412.42 (2,460.57) -0.6% 3,194,408.56 2,951,467.30 242,941.26 3,683,157.00 488,748.44 87%Expenses610000 Golf Pro Shop17,103.40 17,813.00 (709.60) 4.0% 158,540.87 161,734.00 (3,193.13) 204,827.00 46,286.13 77%630000 Course Maintenance127,044.33 122,424.00 4,620.33 -3.8% 1,389,399.06 1,455,084.00 (65,684.94) 1,712,795.00 323,395.94 81%633000 Maintenance Water & Energy14,104.52 21,664.00 (7,559.48) 34.9% 166,716.36 193,133.00 (26,416.64) 225,129.00 58,412.64 74%640000 Outside Services36,154.55 31,096.00 5,058.55 -16.3% 280,564.98 269,149.00 11,415.98 309,830.00 29,265.02 91%650000 Clubhouse10,204.72 10,636.00 (431.28) 4.1% 113,786.38 114,660.00 (873.62) 136,332.00 22,545.62 83%660000 Marketing29,818.17 22,799.00 7,019.17 -30.8% 216,354.77 207,898.00 8,456.77 240,177.00 23,822.23 90%670000 General & Administrative23,501.60 27,461.00 (3,959.40) 14.4% 249,539.37 272,894.00 (23,354.63) 327,511.00 77,971.63 76%680000 Leases23,120.55 28,800.00 (5,679.45) 19.7% 253,358.85 263,450.00 (10,091.15) 271,050.00 17,691.15 93%690000 Miscellaneous Other Expense23,070.10 18,773.00 4,297.10 -22.9% 201,499.48 176,215.00 25,284.48 202,025.00 525.52 100%Total Expenses304,121.94 301,466.00 2,655.94 -0.9% 3,029,760.12 3,114,217.00 84,456.88 3,629,676.00 599,915.88 83%113,829.91 118,946.42 (5,116.51) -4.3%164,648.44 (162,749.70) 327,398.14 53,481.00 (111,167.44) 0%Rounds of Golf PlayedPaid Rounds Played5,452 5,400 52 1.0%40,100 34,750 5,350 46,475 6,375 86%Ave $ Per Paid Round Green Fee67.61 68.70 (1.09) -1.6%69.43 73.21 (3.78) 68.84 (0.59) 101%Ave $ Per Paid Round Merchandise5.16 6.25 (1.09) -17.5%5.16 6.26 (1.11) 5.99 0.84 86%Ave $ Per Paid Miscellaneous 6.82 6.31 0.51 8.1%7.71 8.65 (0.94) 7.51 (0.20) 103%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateApril 20171 Income AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees368,626.77 370,987.00 (2,360.23) 2,784,220.60 2,544,173.00 240,047.60 3,199,237.00 415,016.40 13.0%4010000 Rider Fee1,100.00 540.00 560.00 8,107.50 6,566.00 1,541.50 7,738.00 (369.50) -4.8%4040000 Club Rental3,665.00 2,700.00 965.00 24,185.00 17,379.00 6,806.00 23,238.00 (947.00) -4.1%4050000 Driving Range9,715.00 8,100.00 1,615.00 86,464.00 100,383.00 (13,919.00) 100,984.00 14,520.00 14.4%4060000 Handicap Fees- - - 33.12 2,500.00 (2,466.88) 2,500.00 2,466.88 98.7%4080000 GPS Advertising- 100.00 (100.00) - 2,600.00 (2,600.00) 2,600.00 2,600.00 100.0%4090000 Ball Retriever/Subcontract 1,200.00 1,000.00 200.00 2,645.30 4,000.00 (1,354.70) 4,000.00 1,354.70 33.9%4091000 Golf Professional Rental Fee9,650.00 6,000.00 3,650.00 45,252.75 33,000.00 12,252.75 37,000.00 (8,252.75) -22.3%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue11,850.00 15,625.00 (3,775.00) 142,485.00 134,050.00 8,435.00 171,200.00 28,715.00 16.8% Total Revenue Fees405,806.77 405,052.00 754.77 3,093,393.27 2,844,651.00 248,742.27 3,548,497.00 455,103.73 12.8%405,806.77 405,052.00 754.77 3,093,393.27 2,844,651.00 248,742.27 3,548,497.00 455,103.73 12.8%SilverRock ResortStatement of Fees RevenueApril 2017Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$28,122.93$33,751.00(5,628.07)Unfavorable: Consumer spending on golf merchandise/accessories continue to lag in the industry. Increased promotions and sales will be needed to increase activity. ExpensesActualBudgetVariance$14,104.52$21,664.00(7,559.48)Favorable: Due to reduced watering cycles and reduced runtime on the waterfalls at the entry.ActualBudgetVariance$36,154.55$31,096.005,058.55Unfavorable: Due to increased payroll to facilitate the cleaning of driving range and cartbarn. Also, due to timing of invoices for linens.ActualBudgetVariance$29,818.17$22,799.007,019.17Unfavorable: Due to timing of advertising invoices and promotional expense for the annual resident's day tournament. In addition, YTD marketing budget was originally budgeted for 9 holes only in the summer 2016. However, the back 9 never closed so additional marketing/advertising was needed.ActualBudgetVariance$23,501.60$27,461.00(3,959.40)Favorable: Due to reduced fees for payroll processing due to changing services.ActualBudgetVariance$23,120.55$28,800.00(5,679.45)Favorable: Due to adjustments made to final closings of cart lease and GPS.ActualBudgetVariance$23,070.10$18,773.004,297.10Unfavorable: Due to additional cost of commercial insurance for additional new maintenance equipment and golf carts.Variance ExplanationApril 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 areGeneral & AdministrativeMarketingMiscellaneous Other Expenseprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesLeasesMaintenance Water and EnergyOutside Services3-20-133 Income AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous560.00 - 560.00 5,497.29 - 5,497.29 00 0%4100110 Sales Hard Goods9,259.86 11,813.00 (2,553.14) 70,657.63 76,166.00 (5,508.37) 97,505.00 26,847.37 27.5%4100112 Sales-Soft Goods23,707.50 21,938.00 1,769.50 156,743.75 141,449.00 15,294.75 181,080.00 24,336.25 13.4%5100639 GS-Discounts-Mdse (5,404.43) - (5,404.43) (26,127.30) - (26,127.30) - 26,127.30 0.0% Total Revenue Golf Shop28,122.93 33,751.00 (5,628.07) 206,771.37 217,615.00 (10,843.63) 278,585.00 77,310.92 27.8%COS 5100150 COS-GS-Hard Goods 3,982.42 6,851.54 (2,869.12) 37,792.31 44,176.28 (6,383.97) 56,552.90 18,760.59 33.2%5100151 COS-GS-Soft Goods 12,129.35 12,724.04 (594.69) 76,291.55 82,040.42 (5,748.87) 105,026.40 28,734.85 27.4%5100152 COS-GS-Purchase Disc (26.22) (979.00) 952.78 (652.71) (6,312.00) 5,659.29 (8,079.00) (7,426.29) 91.9%5100220 COS-GS-Freight Merch 392.34 294.00 98.34 3,325.40 1,894.00 1,431.40 2,424.00 (901.40) -37.2%Cost of Sales - Golf Shop 16,477.89 18,890.58 (2,412.69) 116,756.55 121,798.70 (5,042.15) 155,924.30 39,167.75 25.1%Gross Profit11,645.04 14,860.42 (3,215.38) 90,014.82 95,816.30 (5,801.48) 122,660.70 38,143.17 31.1%COS %58.6% 56.0% -2.6% 56.5% 56.0% -0.5% 53.1% 50.7% 95.4%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group2,406.46 2,387.00 19.46 18,358.24 21,483.00 (3,124.76) 27,621.00 9,262.76 33.5%6101325 Insurance-Workers Comp 880.17 456.00 424.17 5,934.25 4,047.00 1,887.25 5,042.00 (892.25) -17.7%6101720 Salaries4,000.00 4,001.00 (1.00) 40,007.00 40,010.00 (3.00) 45,000.00 4,993.00 11.1%6101800 Taxes-Employer Payroll 1,804.81 1,702.00 102.81 12,951.04 15,112.00 (2,160.96) 18,825.00 5,873.96 31.2%6101880 Wages-Hourly7,188.28 8,157.00 (968.72) 68,431.17 67,942.00 489.17 89,463.00 21,031.83 23.5%6101882 Wages-Overtime243.57 - 243.57 964.17 - 964.17 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,523.29 16,703.00 (179.71) 146,645.87 148,594.00 (1,948.13) 185,951.00 41,222.18 22.2%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office- 250.00 (250.00) 836.00 2,500.00 (1,664.00) 3,000.00 2,164.00 72.1%6109220 Freight & Delivery- - - 39.80 75.00 (35.20) 75.00 35.20 46.9%6109490 Miscellaneous500.00 500.00 - 6,836.27 5,000.00 1,836.27 6,000.00 (836.27) -13.9%6109150 Dues and Subscriptions- - - 1,103.62 - 1,103.62 2,300.00 1,196.38 52.0%6109500 ProShop-Over/Short(14.29) - (14.29) (11.04) - (11.04) - 11.04 0.0%6109722 Seminars/Training- 35.00 (35.00) 55.00 2,405.00 (2,350.00) 3,690.00 3,635.00 98.5%6109810 Travel - Merchandise- 15.00 (15.00) - 60.00 (60.00) 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 2,264.52 2,000.00 264.52 2,400.00 135.48 5.6%6117840 Telephones94.40 110.00 (15.60) 770.83 1,100.00 (329.17) 1,320.00 549.17 41.6%580.11 1,110.00 (529.89) 11,895.00 13,140.00 (1,245.00) 18,875.00 6,980.00 37.0%17,103.40 17,813.00 (709.60) 158,540.87 161,734.00 (3,193.13) 204,826.00 48,202.18 23.5%Net Income(5,458.36) (2,952.58) (2,505.78) (68,526.05) (65,917.70) (2,608.35) (82,165.30) (10,059.01) 12.2%SilverRock ResortGolf Shop Income StatementApril 2017Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group9,823.09 8,990.00 833.09 88,598.21 89,900.00 (1,301.79) 107,880.00 19,281.79 17.9%6311325 Insurance-Workers Comp3,017.71 2,065.00 952.71 23,484.75 20,106.00 3,378.75 24,308.00 823.25 3.4%6311720 Salaries11,557.08 9,333.33 2,223.75 108,197.38 93,333.30 14,864.08 112,000.00 3,802.62 3.4%6311800 Taxes-Employer Payroll6,476.79 7,709.00 (1,232.21) 60,198.78 75,662.00 (15,463.22) 91,481.00 31,282.22 34.2%6311880 Wages-Hourly45,746.97 45,727.67 19.30 443,502.19 434,037.70 9,464.49 525,494.00 81,991.81 15.6%6311882 Wages-Overtime- - - 12,857.39 13,076.00 (218.61) 15,945.00 3,087.61 19.4%Total-CM-SALARIES & BENEFITS76,621.64 73,825.00 2,796.64 736,838.70 726,115.00 10,723.70 877,108.00 140,269.30 16.0%63-CM-SUPPLIES & MATERIALS6313734 Chemicals 4,677.36 2,000.00 2,677.36 28,174.00 31,700.00 (3,526.00) 34,600.00 6,426.00 18.6%6313744 Fertilizer2,616.00 5,000.00 (2,384.00) 70,226.00 102,500.00 (32,274.00) 112,500.00 42,274.00 37.6%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 3,050.00 (1,529.35) 3,050.00 1,529.35 50.1%6313748 Fuel-Gasoline2,116.55 3,900.00 (1,783.45) 29,582.18 46,770.00 (17,187.82) 55,020.00 25,437.82 46.2%6313750 Golf Course Accessories703.90 100.00 603.90 12,550.31 12,800.00 (249.69) 13,000.00 449.69 3.5%6313756 POA Control- - - 6,367.86 7,000.00 (632.14) 7,000.00 632.14 9.0%6313758 Miscellaneous Supp978.09 100.00 878.09 6,313.10 4,150.00 2,163.10 4,350.00 (1,963.10) -45.1%6313762 Supplies-Office128.93 - 128.93 1,767.95 - 1,767.95 - (1,767.95) 0.0%6313774 Sand- 100.00 (100.00) 9,273.61 13,260.00 (3,986.39) 13,460.00 4,186.39 31.1%6313776 Seed- 350.00 (350.00) 117,164.38 125,200.00 (8,035.62) 125,900.00 8,735.62 6.9%6313778 Small Tools & Non-Capital Equip792.75 100.00 692.75 3,066.98 4,800.00 (1,733.02) 5,000.00 1,933.02 38.7%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 & MATERIALS12,013.58 11,750.00 263.58 315,405.99 385,980.00 (70,574.01) 411,930.00 96,524.01 23.4%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint 2,830.00 2,600.00 230.00 26,930.00 26,000.00 930.00 31,200.00 4,270.00 13.7%6315685 CM-R&M-Bldngs & Othr Structures 155.54 250.00 (94.46) 2,700.30 5,050.00 (2,349.70) 5,550.00 2,849.70 51.3%6315690 CM-R&M-Equipment1,309.27 2,000.00 (690.73) 30,933.00 32,000.00 (1,067.00) 40,000.00 9,067.00 22.7%6315692 CM-R&M-Irrigation System530.10 1,000.00 (469.90) 19,818.61 17,050.00 2,768.61 19,050.00 (768.61) -4.0%6315696 CM-R&M-Pumps4,227.01 1,000.00 3,227.01 9,131.23 10,000.00 (868.77) 10,500.00 1,368.77 13.0%6315815 CM-R&M-Trees-Pruning Etc- 4,000.00 (4,000.00) 6,071.00 12,050.00 (5,979.00) 12,050.00 5,979.00 49.6%Total-CM-REPAIRS & MAINTENANCE9,051.92 10,850.00 (1,798.08) 95,584.14 102,150.00 (6,565.86) 118,350.00 22,765.86 19.2%6317836 Utilities-Natural Gas/LPG24.49 15.00 9.49 212.82 150.00 62.82 180.00 (32.82) 0.0%6317840 Telephones166.33 850.00 (683.67) 7,128.43 8,500.00 (1,371.57) 10,200.00 3,071.57 30.1%Total-CM-UTILITIES 190.82 865.00 (674.18) 7,341.25 8,650.00 (1,308.75) 10,380.00 3,038.75 29.3%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance 400.00 500.00 (100.00) 4,000.00 5,000.00 (1,000.00) 6,000.00 2,000.00 33.3%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 7,357.22 5,240.00 2,117.22 6,288.00 (1,069.22) -17.0%6319150 Dues & Subscriptions- 200.00 (200.00) 1,305.00 440.00 865.00 540.00 (765.00) -141.7%6319170 Employee Education- 50.00 (50.00) - 1,450.00 (1,450.00) 1,550.00 1,550.00 100.0%6319197 Equipment Rental- 200.00 (200.00) 774.36 3,100.00 (2,325.64) 3,400.00 2,625.64 77.2%6319206 Licenses & Permits5,119.00 2,900.00 2,219.00 6,548.26 4,180.00 2,368.26 4,180.00 (2,368.26) -56.7%6319490 Miscellaneous83.88 100.00 (16.12) 797.35 1,000.00 (202.65) 1,200.00 402.65 33.6%6319718 Safety Equipment & Training548.95 100.00 448.95 2,965.76 3,650.00 (684.24) 3,850.00 884.24 23.0%6319822 Uniforms2,028.94 920.00 1,108.94 11,796.08 9,200.00 2,596.08 11,040.00 (756.08) -6.8%Total-CM-OTHER EXPENSES8,893.11 5,494.00 3,399.11 36,274.83 35,260.00 1,014.83 42,048.00 5,773.17 13.7%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementApril 2017Annual Budget5 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group2,865.30 2,728.00 137.30 35,788.06 27,280.00 8,508.06 32,736.00 (3,052.06) -9.3%6321325 Insurance-Workers Comp628.69 519.00 109.69 5,157.57 5,107.00 50.57 6,171.00 1,013.43 16.4%6321800 Taxes-Employer Payroll1,946.23 1,938.00 8.23 13,554.71 19,314.00 (5,759.29) 23,334.00 9,779.29 41.9%6321880 Wages-Hourly13,986.56 13,840.00 146.56 132,941.18 132,640.00 301.18 160,320.00 27,378.82 17.1%6321882 Wages-Overtime- - - 5,458.15 5,313.00 145.15 6,351.00 892.85 14.1%Total-CM-LM-SALARIES & BENEFITS 19,426.78 19,025.00 401.78 192,899.67 189,654.00 3,245.67 228,912.00 36,012.33 15.7%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools 149.00 75.00 74.00 149.00 875.00 (726.00) 1,025.00 876.00 85.5%6323788 Uniforms697.48 290.00 407.48 4,501.28 2,900.00 1,601.28 3,480.00 (1,021.28) -29.3%Total-CM-LM-SUPPLIES & MATERIALS846.48 365.00 481.48 4,650.28 3,775.00 875.28 4,505.00 (145.28) -3.2%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) 404.20 3,500.00 (3,095.80) 4,250.00 3,845.80 90.5%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) 404.20 3,500.00 (3,095.80) 4,250.00 3,845.80 90.5%127,044.33 122,424.00 4,620.33 1,389,399.06 1,455,084.00 (65,684.94) 1,697,483.00 308,083.94 18.1% AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping12,786.51 19,417.00 (6,630.49) 115,829.74 137,244.00 (21,414.26) 179,791.00 63,961.26 35.6%6337842 Utilities-Water1,318.01 2,247.00 (928.99) 50,886.62 55,889.00 (5,002.38) 45,338.00 (5,548.62) -12.2%14,104.52 21,664.00 (7,559.48) 166,716.36 193,133.00 (26,416.64) 225,129.00 58,412.64 25.9%Total-COURSE MAINTENANCECourse Maintenance Expense StatementApril 2017Silverrock ResortAnnual BudgetMonth to Date Year to DateSilverrock ResortCourse Maintenance Water & EnergyApril 2017Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group800.00 682.00 118.00 800.00 6,820.00 (6,020.00) 8,184.00 7,384.00 90.2%6411325 Insurance-Workers Comp1,760.33 613.00 1,147.33 9,249.97 4,430.00 4,819.97 5,229.00 (4,020.97) -76.9%6411800 Taxes-Employer Payroll2,638.27 2,036.00 602.27 16,333.58 14,709.00 1,624.58 17,360.00 1,026.42 5.9%6411880 Wages-Hourly17,149.21 16,350.00 799.21 125,785.59 118,135.00 7,650.59 139,434.00 13,648.41 9.8%6411882 Wages-Overtime669.39 - 669.39 3,797.43 - 3,797.43 - (3,797.43) 0.0%Total-CBR-SALARIES & BENEFITS23,017.20 19,681.00 3,336.20 155,966.57 144,094.00 11,872.57 170,207.00 14,240.43 8.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts23.50 50.00 (26.50) 827.50 1,750.00 (922.50) 1,850.00 `0.0%6413742 Supplies-Expendable453.49 150.00 303.49 5,251.06 5,750.00 (498.94) 6,750.00 1,498.94 22.2%6413748 Supplies-Fuel for Shuttle331.65 450.00 (118.35) 762.58 2,700.00 (1,937.42) 3,000.00 2,237.42 74.6%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) - 425.00 (425.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary58.02 70.00 (11.98) 58.02 280.00 (221.98) 420.00 361.98 86.2%6413786 Supplies-Towels640.00 250.00 390.00 3,191.34 1,860.00 1,331.34 2,182.00 (1,009.34) -46.3%6413796 Supplies-Bottled Water- 50.00 (50.00) 15,633.33 10,900.00 4,733.33 11,000.00 (4,633.33) -42.1%Total-CBR-SUPPLIES & MATERIALS1,506.66 1,070.00 436.66 36,415.83 32,665.00 3,750.83 34,727.00 (2,711.33) -7.8%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment- 300.00 (300.00) 2,545.74 3,000.00 (454.26) 3,600.00 1,054.26 29.3%6415695 CBR-R&M-Cart Maintenance & Repair500.00 500.00 - 4,956.45 5,450.00 (493.55) 6,450.00 1,493.55 23.2%Total-CBR-REPAIRS & MAINTENANCE500.00 800.00 (300.00) 7,502.19 8,450.00 (947.81) 10,050.00 2,547.81 25.4%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen2,355.92 800.00 1,555.92 8,397.58 8,000.00 397.58 9,600.00 1,202.42 12.5%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous- 600.00 (600.00) 2,284.47 6,000.00 (3,715.53) 7,200.00 4,915.53 68.3%6419820 Uniforms- - - 2,880.44 3,500.00 (619.56) 5,200.00 2,319.56 44.6%Total-CBR-OTHER EXPENSES2,355.92 1,400.00 955.92 13,562.49 17,950.00 (4,387.51) 22,450.00 8,887.51 39.6%TOTAL-CARTS,BAGROOM & RANGE27,379.78 22,951.00 955.92 213,447.08 203,159.00 10,288.08 237,434.00 22,964.42 9.7%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp754.43 242.00 512.43 4,465.55 1,988.00 2,477.55 2,179.00 (2,286.55) -104.9%6431800 Taxes-Employer Payroll1,080.43 903.00 177.43 6,898.61 7,420.00 (521.39) 8,135.00 1,236.39 15.2%6431880 Wages-Hourly6,939.91 6,450.00 489.91 53,821.37 53,007.00 814.37 58,108.00 4,286.63 7.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS8,774.77 7,595.00 1,179.77 65,185.53 62,415.00 2,770.53 68,422.00 3,236.47 4.7%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 121.84 900.00 (778.16) 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) - 500.00 (500.00) 600.00 600.00 100.0%6439820 Uniforms- 400.00 (400.00) 1,381.53 1,975.00 (593.47) 2,125.00 743.47 35.0%Total-CS-OTHER EXPENSES- 550.00 (550.00) 1,932.37 3,575.00 (1,642.63) 3,975.00 2,042.63 51.4%Total-COURSE SERVICES8,774.77 8,145.00 629.77 67,117.90 65,990.00 1,127.90 72,397.00 5,279.10 7.3%36,154.55 31,096.00 5,058.55 280,564.98 269,149.00 11,415.98 309,831.00 26,200.89 8.5%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementApril 2017Annual Budget7 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable400.00 400.00 - 4,000.00 4,000.00 - 4,800.00 800.00 16.7%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 4,000.00 4,000.00 - 4,800.00 800.00 16.7%65-CH-UTILITIES6507836 Utilities-Natural Gas308.46 300.00 8.46 4,320.12 3,000.00 1,320.12 3,600.00 (720.12) -20.0%6507840 Utilities-Telephone1,596.84 1,150.00 446.84 11,743.86 11,500.00 243.86 13,800.00 2,056.14 14.9%6507842 Utilities-Water537.34 321.00 216.34 3,633.91 3,210.00 423.91 3,852.00 218.09 5.7%6507844 Utilities-Cable490.47 340.00 150.47 4,887.93 3,400.00 1,487.93 4,080.00 (807.93) -19.8%Total-CH-UTILITIES2,933.11 2,111.00 822.11 24,585.82 21,110.00 3,475.82 25,332.00 746.18 2.9%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning1,750.00 1,825.00 (75.00) 18,280.00 18,850.00 (570.00) 22,500.00 4,220.00 18.8%6509099 Contract Services-Security5,022.04 4,900.00 122.04 54,999.56 50,600.00 4,399.56 60,400.00 5,400.44 8.9%6509215 Flowers & Decorations- - - 573.12 1,500.00 (926.88) 1,900.00 1,326.88 69.8%6509490 Miscellaneous- 200.00 (200.00) 2,043.12 6,600.00 (4,556.88) 7,000.00 4,956.88 70.8%6509718 Safety Equipment & Training- 100.00 (100.00) 642.24 1,000.00 (357.76) 1,200.00 557.76 46.5%Total-CH-OTHER EXPENSES6,772.04 7,025.00 (252.96) 76,538.04 78,550.00 (2,011.96) 93,000.00 16,461.96 17.7%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures99.57 300.00 (200.43) 4,127.46 3,000.00 1,127.46 3,600.00 (527.46) -14.7%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 3,169.90 4,000.00 (830.10) 4,800.00 1,630.10 34.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 1,365.16 4,000.00 (2,634.84) 4,800.00 3,434.84 71.6%Total-CH-REPAIRS & MAINTENANCE99.57 1,100.00 (1,000.43) 8,662.52 11,000.00 (2,337.48) 13,200.00 4,537.48 34.4%10,204.72 10,636.00 (431.28) 113,786.38 114,660.00 (873.62) 136,332.00 9,074.96 6.7%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementApril 2017Annual Budget8 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group400.00 341.00 59.00 3,192.00 3,410.00 (218.00) 4,092.00 900.00 22.0%6601325 Insurance-Workers Comp101.00 94.00 7.00 929.50 940.00 (10.50) 1,129.00 199.50 17.7%6601720 Salaries1,904.96 2,508.00 (603.04) 23,505.83 25,080.00 (1,574.17) 30,096.00 6,590.17 21.9%6601800 Taxes-Employer Payroll145.20 351.00 (205.80) 2,510.25 3,510.00 (999.75) 4,213.00 1,702.75 40.4%Total-MKT-SALARIES & BENEFITS 2,551.16 3,294.00 (742.84) 30,137.58 32,940.00 (2,802.42) 39,530.00 9,392.42 23.8%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 63.58 100.00 (36.42) 1,377.61 1,000.00 377.61 1,200.00 (177.61) -14.8%6603768 Supplies-Printing & Stationery 451.51 125.00 326.51 5,218.94 4,175.00 1,043.94 4,425.00 (793.94) -17.9%515.09 225.00 290.09 6,596.55 5,175.00 1,421.55 5,625.00 (971.55) -17.3%66-MKT-UTILITIES6607840 Utilities-Telephone173.08 100.00 73.08 1,072.80 1,000.00 72.80 1,200.00 127.20 10.6%Total-MKT-UTILITIES173.08 100.00 73.08 1,072.80 1,000.00 72.80 1,200.00 127.20 10.6%66-MKT-OTHER EXPENSES6609010 Advertising22,055.61 18,230.00 3,825.61 162,360.96 156,698.00 5,662.96 178,987.00 16,626.04 9.3%6609040 Business Meals- 25.00 (25.00) - 250.00 (250.00) 300.00 300.00 100.0%6609080 Collateral Material2,535.66 500.00 2,035.66 9,928.22 3,500.00 6,428.22 5,500.00 (4,428.22) -80.5%6609102 Contract Services-Web Page- 150.00 (150.00) 891.00 1,500.00 (609.00) 1,800.00 909.00 50.5%6609490 Miscellaneous- 50.00 (50.00) 817.39 300.00 517.39 350.00 (467.39) -133.5%6609620 Postage- 50.00 (50.00) 30.08 500.00 (469.92) 600.00 569.92 95.0%6609630 Promotion- 50.00 (50.00) 97.09 600.00 (502.91) 700.00 602.91 86.1%6609633 Promotion-Community1,965.38 75.00 1,890.38 2,275.65 2,100.00 175.65 2,250.00 (25.65) -1.1%6609634 Promotion-Media/Vendor- - - 1,308.71 2,000.00 (691.29) 2,000.00 691.29 34.6%6609150 Dues and Subscriptions- - - 82.50 735.00 (652.50) 735.00 652.50 88.8%6609820 Uniforms22.19 50.00 (27.81) 756.24 600.00 156.24 600.00 (156.24) -26.0%Total-MKT-OTHER EXPENSES 26,578.84 19,180.00 7,398.84 178,547.84 168,783.00 9,764.84 193,822.00 15,274.16 7.9%29,818.17 22,799.00 7,019.17 216,354.77 207,898.00 8,456.77 240,177.00 23,822.23 9.9%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementApril 2017Annual Budget9 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group 1,513.69 1,488.00 25.69 13,285.17 14,880.00 (1,594.83) 17,856.00 4,570.83 25.6%6701325 Insurance-Workers Comp377.21 662.00 (284.79) 4,986.96 6,394.00 (1,407.04) 7,717.00 2,730.04 35.4%6701720 Salaries14,486.40 15,050.00 (563.60) 139,597.40 144,500.00 (4,902.60) 177,996.00 38,398.60 21.6%6701800 Taxes-Employer Payroll1,322.30 2,471.00 (1,148.70) 14,880.13 23,870.00 (8,989.87) 28,812.00 13,931.87 48.4%6701880 Wages-Hourly2,528.00 2,600.00 (72.00) 26,705.70 26,150.00 555.70 27,800.00 1,094.30 3.9%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS 20,227.60 22,271.00 (2,043.40) 199,455.36 215,794.00 (16,338.64) 260,181.00 60,725.64 23.3%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer154.44 500.00 (345.56) 2,972.21 5,000.00 (2,027.79) 6,300.00 3,327.79 52.8%6703762 Supplies-Office6.77 150.00 (143.23) 521.82 1,500.00 (978.18) 1,800.00 1,278.18 71.0%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 1,904.42 2,500.00 (595.58) 3,300.00 1,395.58 42.3%Total-G&A-SUPPLIES & MATERIALS161.21 1,050.00 (888.79) 5,398.45 9,000.00 (3,601.55) 11,400.00 6,001.55 52.6%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 6,724.20 1,700.00 5,024.20 1,900.00 (4,824.20) -253.9%Total-G&A-REPAIRS & MAINTENANCE - 100.00 (100.00) 6,724.20 1,700.00 5,024.20 1,900.00 (4,824.20) -253.9%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance 500.00 500.00 - 5,000.00 5,000.00 - 4,800.00 (200.00) -4.2%6709150 Dues & Subscriptions- 50.00 (50.00) 675.92 1,150.00 (474.08) 1,700.00 1,024.08 60.2%6709180 Employee Recruiting/Relocation233.56 - 233.56 737.56 1,400.00 (662.44) 1,400.00 662.44 47.3%6709197 Equipment Rental415.42 550.00 (134.58) 5,505.64 5,500.00 5.64 6,600.00 1,094.36 16.6%6709202 Fees-Bank141.15 90.00 51.15 1,265.09 900.00 365.09 1,080.00 (185.09) -17.1%6709208 Fees-Payroll Processing281.76 1,200.00 (918.24) 6,791.77 12,000.00 (5,208.23) 14,400.00 7,608.23 52.8%6709220 Freight/Delivery- 50.00 (50.00) 31.72 500.00 (468.28) 600.00 568.28 94.7%6709490 Miscellaneous- 100.00 (100.00) 3,673.41 6,400.00 (2,726.59) 1,200.00 (2,473.41) -206.1%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services194.39 75.00 119.39 1,059.33 750.00 309.33 900.00 (159.33) -17.7%6709625 Professional Fees1,109.55 850.00 259.55 11,248.51 8,500.00 2,748.51 10,200.00 (1,048.51) -10.3%6709636 Promotion/Entertainment- 100.00 (100.00) - 1,000.00 (1,000.00) 6,600.00 6,600.00 100.0%6709722 Seminars & Training40.00 200.00 (160.00) 1,195.71 2,000.00 (804.29) 2,400.00 1,204.29 50.2%6709810 Travel- 200.00 (200.00) - 400.00 (400.00) 1,100.00 1,100.00 100.0%6709820 Uniforms196.96 75.00 900.00 776.70 900.00 (123.30) 1,050.00 273.30 26.0%Total-G&A-OTHER EXPENSES 3,112.79 4,040.00 (149.17) 37,961.36 46,400.00 (8,438.64) 54,030.00 16,068.64 29.7%23,501.60 27,461.00 (3,959.40) 249,539.37 272,894.00 (23,354.63) 327,511.00 77,971.63 23.8%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementApril 2017Annual Budget10 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,029.27 10,050.00 (1,020.73) 99,534.33 100,950.00 (1,415.67) 121,050.00 21,515.67 17.8%6800193 Equipment Leases-Maintenance 8,181.20 11,500.00 (3,318.80) 83,501.01 93,200.00 (9,698.99) 72,600.00 (10,901.01) -15.0%6800194 Equipment Leases-Trailer282.07 600.00 (317.93) 5,138.63 6,000.00 (861.37) 7,200.00 2,061.37 28.6%6800196 Equipment Leases-GPS3,640.00 4,700.00 (1,060.00) 46,680.00 47,000.00 (320.00) 56,400.00 9,720.00 17.2%6800197 Equipment Leases-Others1,988.01 1,950.00 38.01 18,504.88 16,300.00 2,204.88 13,800.00 (4,704.88) 0.0%23,120.55 28,800.00 (5,679.45) 253,358.85 263,450.00 (10,091.15) 271,050.00 17,691.15 6.5%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,652.80 8,653.00 (0.20) 86,528.00 86,530.00 (2.00) 99,840.00 13,312.00 13.3%6900210 FF&E Reserve7,372.54 7,420.00 (47.46) 55,684.43 50,885.00 4,799.43 63,985.00 8,300.57 13.0%6900800 Personal Property Taxes- - - 11,582.64 11,800.00 (217.36) 11,800.00 217.36 1.8%6900323 Insurance-Commercial7,044.76 2,700.00 4,344.76 47,704.41 27,000.00 20,704.41 26,400.00 (21,304.41) -80.7%23,070.10 18,773.00 4,297.10 201,499.48 176,215.00 25,284.48 202,025.00 525.52 0.3%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementApril 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 5 4SalesPromotionGolf IndustryVIPCelebrityPGA Comp27 10 29 38Charity/Gift Certificate14916 20Rain/Wind Checks114Club Staff51 22 38 78LQ HS Golf11 45 116 49118 95 199 189 0012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2016-2017April 2017 Date TimeDescriptionCategoryPlayers4/15/2017 12:00:00 PM Kris Long CBS2 Palm SpringsMedia413