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10 April 2018 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2017 – April 2018 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 Revenue344,021.27 415,078.00 (71,056.73) -17.1% 2,637,308.53 2,799,646.00 (162,337.47) 3,270,479.00 633,170.47 81%401000 Miscellaneous Golf Revenue30,125.00 33,965.00 (3,840.00) -11.3% 261,169.00 281,278.00 (20,109.00) 332,066.00 70,897.00 79%410000 Revenue-Golf Shop26,416.46 33,751.00 (7,334.54) -21.7% 200,869.15 217,615.00 (16,745.85) 262,017.00 61,147.85 77%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 0.43 - 0.43 - (0.43) 0%Total Income401,062.77 483,294.00 (82,231.23) -17.0% 3,110,347.11 3,309,539.00 (199,191.89) 3,876,562.00 766,214.89 80%Cost of Goods Sold510000 COS-Golf Shop15,297.17 18,890.58 (3,593.41) 19.0% 117,565.58 121,798.70 4,233.12 146,651.00 29,085.42 80%Total COS15,297.17 18,890.58 (3,593.41) 19.0% 117,565.58 121,798.70 4,233.12 146,651.00 29,085.42 80%Gross Profit385,765.60 464,403.42 (78,637.82) -16.9% 2,992,781.53 3,187,740.30 (194,958.77) 3,729,911.00 737,129.47 80%Expenses610000 Golf Pro Shop 19,401.66 17,741.00 1,660.66 -9.4% 168,438.63 161,099.00 7,339.63 199,990.00 31,551.37 84%630000 Course Maintenance126,966.10 136,795.67 (9,829.57) 7.2% 1,408,025.90 1,476,036.67 (68,010.77) 1,735,790.00 327,764.10 81%633000 Maintenance Water & Energy20,268.28 21,664.00 (1,395.72) 6.4% 186,065.14 193,133.00 (7,067.86) 249,838.00 63,772.86 74%640000 Outside Services36,122.24 32,488.00 3,634.24 -11.2% 289,561.57 289,605.00 (43.43) 331,964.00 42,402.43 87%650000 Clubhouse10,436.26 10,776.00 (339.74) 3.2% 108,757.01 114,460.00 (5,702.99) 136,412.00 27,654.99 80%660000 Marketing20,096.44 22,781.00 (2,684.56) 11.8% 194,461.28 207,718.00 (13,256.72) 230,960.00 36,498.72 84%670000 General & Administrative20,980.39 27,545.00 (6,564.61) 23.8% 224,105.81 273,082.00 (48,976.19) 329,053.00 104,947.19 68%680000 Leases25,233.84 28,800.00 (3,566.16) 12.4% 253,975.40 263,450.00 (9,474.60) 321,050.00 67,074.60 79%690000 Miscellaneous Other Expense20,660.99 20,001.00 659.99 -3.3% 206,489.70 184,784.00 21,705.70 217,596.00 11,106.30 95%Total Expenses300,166.20 318,591.67 (18,425.47) 5.8% 3,039,880.44 3,163,367.67 123,487.23 3,752,653.00 712,772.56 81%85,599.40 145,811.75 (60,212.35) -41.3%(47,098.91) 24,372.63 (71,471.54) (22,742.00) 24,356.91 0%Rounds of Golf PlayedPaid Rounds Played4,980 5,400 (420) -7.8%35,125 34,773 352 42,173 7,048 83%Ave $ Per Paid Round Green Fee69.08 76.87 (7.79) -10.1%75.08 80.51 (5.43) 77.55 2.47 97%Ave $ Per Paid Round Merchandise5.30 6.25 (0.95) -15.1%5.72 6.26 (0.54) 6.21 0.49 92%Ave $ Per Paid Miscellaneous 6.05 6.29 (0.24) -3.8%7.44 8.09 (0.65) 7.87 0.44 94%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateApril 20181 Income AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees344,021.27 415,078.00 (71,056.73) 2,637,308.53 2,799,646.00 (162,337.47) 2,964,060.00 326,751.47 11.0%4010000 Rider Fee1,800.00 540.00 1,260.00 9,015.00 6,568.00 2,447.00 7,307.00 (1,708.00) -23.4%4040000 Club Rental3,635.00 2,700.00 935.00 23,215.00 17,388.00 5,827.00 21,087.00 (2,128.00) -10.1%4050000 Driving Range9,345.00 8,100.00 1,245.00 85,829.00 83,772.00 2,057.00 94,872.00 9,043.00 9.5%4060000 Handicap Fees- - - - 2,500.00 (2,500.00) 2,500.00 2,500.00 100.0%4090000 Ball Retriever/Subcontract 1,485.00 1,000.00 485.00 1,485.00 4,000.00 (2,515.00) 4,000.00 2,515.00 62.9%4091000 Golf Professional Rental Fee- 6,000.00 (6,000.00) 4,210.00 33,000.00 (28,790.00) 37,000.00 32,790.00 88.6%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue13,860.00 15,625.00 (1,765.00) 137,415.00 134,050.00 3,365.00 165,300.00 27,885.00 16.9% Total Revenue Fees374,146.27 449,043.00(74,896.73) 2,898,477.533,080,924.00 (182,446.47)3,296,126.00 397,648.47 12.1%374,146.27 449,043.00(74,896.73) 2,898,477.533,080,924.00 (182,446.47)3,296,126.00 397,648.47 12.1%SilverRock ResortStatement of Fees RevenueApril 2018Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$344,021.27 $415,078.00 (71,056.73)Unfavorable: Due to reduced rounds (420 rounds) as a result of the Coachella Music Festival. The valley hotels are 100% occupied with non-golfers for 2-3 weeks. As a result,rounds drop and average rate drops due to golf specials that are run in an effort to drive Southern California Residents to the Valley for the day golf trips.ActualBudgetVariance$30,125.00$33,965.00(3,840.00)Unfavorable: Due to reduced Golf Professional fees due to uncertainty of the Driving Range. Also, Resident cards down but up for year to date.ActualBudgetVariance$26,416.46$33,751.00(7,334.54)Unfavorable: Due to reduced rounds, and buyer spending is down.ExpensesActualBudgetVariance$20,096.44$22,781.00(2,684.56)Favorable: Due timing of advertising invoices and reduced payroll.ActualBudgetVariance$20,980.39$27,545.00(6,564.61)Favorable: Due to reduced payroll, and line items. ActualBudgetVariance$25,471.92$28,800.00(3,328.08)Favorable: Due to reduced lease payment from projections, and discounted GPS services.MarketingGeneral and AdministrativeLeasesVariance ExplanationApril 2018The explanation of variance from budget shown below provide details of variances by revenue and expensecategories of at least $1,000 that are greater than 10% of the budgeted amounts. Separate explanations areprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesGolf Green Fee RevenueMiscellaneous Golf Revenue3-20-133 Income AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous166.12 - 166.12 3,259.76 - 3,259.76 00 0%4100110 Sales Hard Goods 10,191.88 11,813.00 (1,621.12) 70,743.14 76,166.00 (5,422.86) 91,706.00 20,962.86 22.9%4100112 Sales-Soft Goods19,595.00 21,938.00 (2,343.00) 150,631.98 141,449.00 9,182.98 170,311.00 19,679.02 11.6%5100639 GS-Discounts-Mdse (3,536.54) - (3,536.54) (23,765.73) - (23,765.73) - 23,765.73 0.0% Total Revenue Golf Shop26,416.46 33,751.00 (7,334.54) 200,869.15 217,615.00 (16,745.85) 262,017.00 64,407.61 24.6%COS 5100150 COS-GS-Hard Goods 6,517.71 6,851.54 (333.83) 40,967.81 44,176.28 (3,208.47) 53,189.48 12,221.67 23.0%5100151 COS-GS-Soft Goods 8,485.07 12,724.04 (4,238.97) 72,982.55 82,040.42 (9,057.87) 97,137.52 24,154.97 24.9%5100152 COS-GS-Purchase Disc (7.56) (979.00) 971.44 (240.33) (6,312.00) 6,071.67 (7,598.00) (7,357.67) 96.8%5100220 COS-GS-Freight Merch 301.95 294.00 7.95 3,855.55 1,894.00 1,961.55 2,280.00 (1,575.55) -69.1%Cost of Sales - Golf Shop15,297.17 18,890.58 (3,593.41) 117,565.58 121,798.70 (4,233.12) 145,009.00 27,443.42 18.9%Gross Profit11,119.29 14,860.42 (3,741.13) 83,303.57 95,816.30 (12,512.73) 117,008.00 36,964.19 31.6%COS % 57.9% 56.0% -1.9% 58.5% 56.0% -2.6% 53.1% 42.6% 80.3%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,651.02 2,436.00 (784.98) 16,614.49 21,924.00 (5,309.51) 26,796.00 10,181.51 38.0%6101325 Insurance-Workers Comp 999.46 456.00 543.46 5,904.07 4,047.00 1,857.07 4,957.00 (947.07) -19.1%6101720 Salaries4,400.00 4,001.00 399.00 41,800.00 40,010.00 1,790.00 45,000.00 3,200.00 7.1%6101800 Taxes-Employer Payroll 1,606.15 1,581.00 25.15 14,969.12 14,036.00 933.12 18,825.00 3,855.88 20.5%6101880 Wages-Hourly10,298.75 8,157.00 2,141.75 80,505.30 67,942.00 12,563.30 87,179.00 6,673.70 7.7%6101882 Wages-Overtime178.61 - 178.61 1,378.11 - 1,378.11 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 19,133.99 16,631.00 2,502.99 161,171.09 147,959.00 13,212.09 182,757.00 23,916.90 13.1%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office171.60 250.00 (78.40) 1,578.00 2,500.00 (922.00) 3,000.00 1,422.00 47.4%6109220 Freight & Delivery- - - 169.49 75.00 94.49 75.00 (94.49) -126.0%6109490 Miscellaneous- 500.00 (500.00) 1,501.50 5,000.00 (3,498.50) 6,000.00 4,498.50 75.0%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short26.15 - 26.15 223.55 - 223.55 - (223.55) 0.0%6109722 Seminars/Training- 35.00 (35.00) - 2,405.00 (2,405.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 60.00 (60.00) 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 2,866.35 2,000.00 866.35 2,400.00 (466.35) -19.4%6117840 Telephones69.92 110.00 (40.08) 928.65 1,100.00 (171.35) 1,320.00 391.35 29.6%267.67 1,110.00 (842.33) 7,267.54 13,140.00 (5,872.46) 18,875.00 11,607.46 61.5%19,401.66 17,741.00 1,660.66 168,438.63 161,099.00 7,339.63 201,632.00 35,524.36 17.6%Net Income(8,282.37) (2,880.58) (5,401.79) (85,135.06) (65,282.70) (19,852.36) (84,624.00) 1,439.83 -1.7%SilverRock ResortGolf Shop Income StatementApril 2018Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group9,007.57 9,165.00 (157.43) 80,870.94 84,690.00 (3,819.06) 103,020.00 22,149.06 21.5%6311325 Insurance-Workers Comp3,283.94 2,276.00 1,007.94 24,892.16 22,346.00 2,546.16 26,974.00 2,081.84 7.7%6311720 Salaries12,476.92 12,200.00 276.92 120,093.40 122,000.00 (1,906.60) 146,400.00 26,306.60 18.0%6311800 Taxes-Employer Payroll5,998.23 7,891.00 (1,892.77) 57,321.81 78,003.00 (20,681.19) 91,481.00 34,159.19 37.3%6311880 Wages-Hourly41,709.75 48,529.67 (6,819.92) 439,291.51 465,671.67 (26,380.16) 567,262.00 127,970.49 22.6%6311882 Wages-Overtime1,956.31 - 1,956.31 59,232.09 12,350.00 46,882.09 12,350.00 (46,882.09) -379.6%Total-CM-SALARIES & BENEFITS74,432.72 80,061.67 (5,628.95) 781,701.91 785,060.67 (3,358.76) 947,487.00 165,785.09 17.5%63-CM-SUPPLIES & MATERIALS6313734 Chemicals18.00 3,100.00 (3,082.00) 15,174.84 34,570.00 (19,395.16) 17,760.00 2,585.16 14.6%6313744 Fertilizer7,545.00 12,720.00 (5,175.00) 66,548.32 91,990.00 (25,441.68) 105,970.00 39,421.68 37.2%6313745 Herbicides1,412.43 - 1,412.43 20,705.62 - 20,705.62 25,518.00 4,812.38 18.9%6313746 Flowers/Plants- 100.00 (100.00) 2,738.08 3,050.00 (311.92) 3,050.00 311.92 10.2%6313748 Fuel-Gasoline3,266.88 3,850.00 (583.12) 30,781.43 41,270.00 (10,488.57) 48,950.00 18,168.57 37.1%6313750 Golf Course Accessories995.00 680.00 315.00 15,812.40 13,140.00 2,672.40 13,140.00 (2,672.40) -20.3%6313756 POA Control- - - - 9,900.00 (9,900.00) 9,900.00 9,900.00 100.0%6313758 Miscellaneous Supp1,139.13 100.00 1,039.13 8,691.09 4,150.00 4,541.09 4,350.00 (4,341.09) -99.8%6313762 Supplies-Office269.48 - 269.48 2,194.35 - 2,194.35 - (2,194.35) 0.0%6313774 Sand- 100.00 (100.00) 4,275.68 13,260.00 (8,984.32) 13,460.00 9,184.32 68.2%6313776 Seed- - - 104,427.63 117,400.00 (12,972.37) 117,400.00 12,972.37 11.0%6313778 Small Tools & Non-Capital Equip679.73 100.00 579.73 4,511.20 4,800.00 (288.80) 5,000.00 488.80 9.8%6313780 Sod- - - 9,023.37 8,800.00 223.37 13,500.00 4,476.63 33.2%6313782 Topdressing- - - 6,473.47 7,000.00 (526.53) 10,000.00 3,526.53 35.3%Total-CM-SUPPLIES & MATERIALS15,325.65 20,750.00 (5,424.35) 291,357.48 349,330.00 (57,972.52) 387,998.00 96,640.52 24.9%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint3,840.00 2,830.00 1,010.00 37,304.24 28,300.00 9,004.24 33,960.00 (3,344.24) -9.8%6315685 CM-R&M-Bldngs & Othr Structures 594.05 250.00 344.05 7,832.25 5,050.00 2,782.25 5,550.00 (2,282.25) -41.1%6315690 CM-R&M-Equipment2,346.13 2,000.00 346.13 31,288.09 33,500.00 (2,211.91) 38,500.00 7,211.91 18.7%6315692 CM-R&M-Irrigation System5,840.88 1,000.00 4,840.88 25,354.08 17,050.00 8,304.08 19,050.00 (6,304.08) -33.1%6315696 CM-R&M-Pumps4,043.97 1,000.00 3,043.97 13,154.55 10,000.00 3,154.55 10,500.00 (2,654.55) -25.3%6315815 CM-R&M-Trees-Pruning Etc- 4,000.00 (4,000.00) 6,680.00 12,050.00 (5,370.00) 12,050.00 5,370.00 44.6%Total-CM-REPAIRS & MAINTENANCE16,665.03 11,080.00 5,585.03 121,613.21 105,950.00 15,663.21 119,610.00 (2,003.21) -1.7%6317836 Utilities-Natural Gas/LPG 123.20 15.00 108.20 329.76 150.00 179.76 180.00 (149.76) 0.0%6317840 Telephones840.90 850.00 (9.10) 8,715.16 8,500.00 215.16 10,200.00 1,484.84 14.6%Total-CM-UTILITIES964.10 865.00 99.10 9,044.92 8,650.00 394.92 10,380.00 1,335.08 12.9%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 4,000.00 4,000.00 - 4,800.00 800.00 16.7%6319100 Contract Svcs-Soil/Tissue Test- - - - 1,000.00 (1,000.00) 2,000.00 2,000.00 100.0%6319102 Contract Svcs-Trash Removal- 524.00 (524.00) 119.10 5,240.00 (5,120.90) 6,288.00 6,168.90 98.1%6319150 Dues & Subscriptions- 380.00 (380.00) 1,165.00 580.00 585.00 680.00 (485.00) -71.3%6319170 Employee Education- 50.00 (50.00) - 3,800.00 (3,800.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) 4,407.67 3,100.00 1,307.67 3,400.00 (1,007.67) -29.6%6319206 Licenses & Permits2,317.00 2,900.00 (583.00) 2,676.29 4,300.00 (1,623.71) 4,300.00 1,623.71 37.8%6319490 Miscellaneous- 100.00 (100.00) 780.03 1,000.00 (219.97) 1,200.00 419.97 35.0%6319718 Safety Equipment & Training231.77 100.00 131.77 2,370.65 3,650.00 (1,279.35) 3,850.00 1,479.35 38.4%6319822 Uniforms- 920.00 (920.00) 8,583.68 9,200.00 (616.32) 11,040.00 2,456.32 22.2%Total-CM-OTHER EXPENSES2,948.77 5,574.00 (2,625.23) 24,102.42 35,870.00 (11,767.58) 41,458.00 17,355.58 41.9%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementApril 2018Annual Budget5 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,631.18 2,784.00 (152.82) 34,495.63 27,840.00 6,655.63 33,408.00 (1,087.63) -3.3%6321325 Insurance-Workers Comp713.90 484.00 229.90 5,361.43 4,971.00 390.43 5,955.00 593.57 10.0%6321800 Taxes-Employer Payroll1,648.06 1,678.00 (29.94) 14,253.80 17,382.00 (3,128.20) 20,793.00 6,539.20 31.4%6321880 Wages-Hourly10,456.36 12,904.00 (2,447.64) 118,383.58 130,290.00 (11,906.42) 156,528.00 38,144.42 24.4%6321882 Wages-Overtime- - - 1,973.86 3,418.00 (1,444.14) 3,418.00 1,444.14 42.3%Total-CM-LM-SALARIES & BENEFITS15,449.50 17,850.00 (2,400.50) 174,468.30 183,901.00 (9,432.70) 220,102.00 45,633.70 20.7%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) 386.77 875.00 (488.23) 1,025.00 638.23 62.3%6323788 Uniforms1,180.33 290.00 890.33 2,137.19 2,900.00 (762.81) 3,480.00 1,342.81 38.6%Total-CM-LM-SUPPLIES & MATERIALS1,180.33 365.00 815.33 2,523.96 3,775.00 (1,251.04) 4,505.00 1,981.04 44.0%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) 3,213.70 3,500.00 (286.30) 4,250.00 1,036.30 24.4%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) 3,213.70 3,500.00 (286.30) 4,250.00 1,036.30 24.4%126,966.10 136,795.67 (9,829.57) 1,408,025.90 1,476,036.67 (68,010.77) 1,735,790.00 327,764.10 18.9% AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 11,638.67 19,417.00 (7,778.33) 115,949.78 137,244.00 (21,294.22) 179,791.00 63,841.22 35.5%6337842 Utilities-Water8,629.61 2,247.00 6,382.61 70,115.36 55,889.00 14,226.36 70,047.00 (68.36) -0.1%20,268.28 21,664.00 (1,395.72) 186,065.14 193,133.00 (7,067.86) 249,838.00 63,772.86 25.5%Total-COURSE MAINTENANCECourse Maintenance Expense StatementApril 2018Silverrock ResortAnnual BudgetMonth to Date Year to DateSilverrock ResortCourse Maintenance Water & EnergyApril 2018Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 696.00 (696.00) - 6,960.00 (6,960.00) 8,352.00 8,352.00 100.0%6411325 Insurance-Workers Comp798.92 631.00 167.92 7,459.37 4,799.00 2,660.37 5,623.00 (1,836.37) -32.7%6411800 Taxes-Employer Payroll2,612.03 2,093.00 519.03 16,938.38 15,927.00 1,011.38 18,667.00 1,728.62 9.3%6411880 Wages-Hourly17,279.26 16,815.00 464.26 122,085.21 127,945.00 (5,859.79) 149,934.00 27,848.79 18.6%6411882 Wages-Overtime1,061.16 - 1,061.16 4,300.91 - 4,300.91 - (4,300.91) 0.0%Total-CBR-SALARIES & BENEFITS21,751.3720,235.001,516.37 150,783.87155,631.00(4,847.13) 182,576.00 31,792.13 17.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- 50.00 (50.00) 203.73 1,750.00 (1,546.27) 1,850.00 `0.0%6413742 Supplies-Expendable679.69 150.00 529.69 4,332.67 5,750.00 (1,417.33) 6,750.00 2,417.33 35.8%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) 420.49 2,700.00 (2,279.51) 3,000.00 2,579.51 86.0%6413752 Supplies-Range Balls- - - 10,766.25 9,000.00 1,766.25 9,000.00 (1,766.25) -19.6%6413762 Supplies-Office- 50.00 (50.00) - 425.00 (425.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary- 70.00 (70.00) - 280.00 (280.00) 420.00 420.00 100.0%6413786 Supplies-Towels640.00 250.00 390.00 3,221.95 1,860.00 1,361.95 2,182.00 (1,039.95) -47.7%6413796 Supplies-Bottled Water- 200.00 (200.00) 11,312.25 12,500.00 (1,187.75) 12,900.00 1,587.75 12.3%Total-CBR-SUPPLIES & MATERIALS1,319.69 1,220.00 99.69 30,257.34 34,265.00 (4,007.66) 36,627.00 4,723.39 12.9%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment- 300.00 (300.00) 22,530.96 3,000.00 19,530.96 3,600.00 (18,930.96) -525.9%6415695 CBR-R&M-Cart Maintenance & Repair- 500.00 (500.00) 4,060.70 5,450.00 (1,389.30) 6,450.00 2,389.30 37.0%Total-CBR-REPAIRS & MAINTENANCE- 800.00 (800.00) 26,591.66 8,450.00 18,141.66 10,050.00 (16,541.66) -164.6%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen2,709.68 800.00 1,909.68 9,315.08 8,000.00 1,315.08 9,600.00 284.92 3.0%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous306.49 600.00 (293.51) 2,334.78 6,000.00 (3,665.22) 7,200.00 4,865.22 67.6%6419820 Uniforms- - - 351.53 3,500.00 (3,148.47) 5,200.00 4,848.47 93.2%Total-CBR-OTHER EXPENSES3,016.17 1,400.00 1,616.17 12,001.39 17,950.00 (5,948.61) 22,450.00 10,448.61 46.5%TOTAL-CARTS,BAGROOM & RANGE26,087.2323,655.001,616.17 219,634.26216,296.003,338.26 251,703.00 30,422.47 12.1%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp999.46 266.00 733.46 4,483.89 2,238.00 2,245.89 2,450.00 (2,033.89) -83.0%6431800 Taxes-Employer Payroll1,119.43 922.00 197.43 7,761.80 7,764.00 (2.20) 8,494.00 732.20 8.6%6431880 Wages-Hourly7,383.75 7,095.00 288.75 51,552.03 59,732.00 (8,179.97) 65,341.00 13,788.97 21.1%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS9,502.64 8,283.00 1,219.64 63,797.72 69,734.00 (5,936.28) 76,285.00 12,487.28 16.4%643-CS-OTHER EXPENSES6433742 Supplies Expendable532.37 100.00 432.37 1,021.55 900.00 121.55 1,050.00 28.45 2.7%6439490 Miscellaneous- - - - 200.00 (200.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) - 500.00 (500.00) 600.00 600.00 100.0%6439820 Uniforms- 400.00 (400.00) 5,108.04 1,975.00 3,133.04 2,125.00 (2,983.04) -140.4%Total-CS-OTHER EXPENSES532.37 550.00 (17.63) 6,129.59 3,575.00 2,554.59 3,975.00 (2,154.59) -54.2%Total-COURSE SERVICES10,035.018,833.00 1,202.01 69,927.31 73,309.00 (3,381.69) 80,260.00 10,332.69 12.9%36,122.2432,488.003,634.24 289,561.57289,605.00(43.43) 331,963.00 42,909.75 12.9%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementApril 2018Annual Budget7 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 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 Gas1,253.61 300.00 953.61 4,210.27 3,000.00 1,210.27 3,600.00 (610.27) -17.0%6507840 Utilities-Telephone1,233.84 1,150.00 83.84 9,167.80 11,500.00 (2,332.20) 13,800.00 4,632.20 33.6%6507842 Utilities-Water714.92 321.00 393.92 3,956.05 3,210.00 746.05 3,852.00 (104.05) -2.7%6507844 Utilities-Cable494.41 380.00 114.41 4,936.28 3,800.00 1,136.28 4,560.00 (376.28) -8.3%Total-CH-UTILITIES3,696.78 2,151.00 1,545.78 22,270.40 21,510.00 760.40 25,812.00 3,541.60 13.7%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning655.00 1,825.00 (1,170.00) 13,084.62 18,850.00 (5,765.38) 22,500.00 9,415.38 41.8%6509099 Contract Services-Security4,967.04 5,000.00 (32.96) 52,491.34 50,000.00 2,491.34 60,000.00 7,508.66 12.5%6509215 Flowers & Decorations- - - - 1,500.00 (1,500.00) 1,900.00 1,900.00 100.0%6509490 Miscellaneous284.53 200.00 84.53 2,699.38 6,600.00 (3,900.62) 7,000.00 4,300.62 61.4%6509718 Safety Equipment & Training- 100.00 (100.00) 194.15 1,000.00 (805.85) 1,200.00 1,005.85 83.8%Total-CH-OTHER EXPENSES5,906.57 7,125.00 (1,218.43)68,469.49 77,950.00 (9,480.51) 92,600.00 24,130.51 26.1%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures355.39 300.00 55.39 10,373.06 3,000.00 7,373.06 3,600.00 (6,773.06) -188.1%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 1,256.84 4,000.00 (2,743.16) 4,800.00 3,543.16 73.8%6515690 CH-R&M-Equipment Repair77.52 400.00 (322.48) 2,387.22 4,000.00 (1,612.78) 4,800.00 2,412.78 50.3%Total-CH-REPAIRS & MAINTENANCE432.91 1,100.00 (667.09) 14,017.12 11,000.00 3,017.12 13,200.00 (817.12) -6.2%10,436.26 10,776.00(339.74) 108,757.01114,460.00(5,702.99) 136,412.00 (1,634.24) -1.2%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementApril 2018Annual Budget8 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 355.89 348.00 7.89 3,867.94 3,480.00 387.94 4,176.00 308.06 7.4%6601325 Insurance-Workers Comp89.40 94.00 (4.60) 920.67 940.00 (19.33) 1,129.00 208.33 18.5%6601720 Salaries1,916.20 2,508.00 (591.80) 19,061.44 25,080.00 (6,018.56) 30,096.00 11,034.56 36.7%6601800 Taxes-Employer Payroll145.20 326.00 (180.80) 2,542.00 3,260.00 (718.00) 3,912.00 1,370.00 35.0%Total-MKT-SALARIES & BENEFITS2,506.69 3,276.00 (769.31) 26,392.05 32,760.00 (6,367.95) 39,313.00 12,920.95 32.9%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 64.17 100.00 (35.83) 989.22 1,000.00 (10.78) 1,200.00 210.78 17.6%6603768 Supplies-Printing & Stationery 705.29 125.00 580.29 6,973.59 4,175.00 2,798.59 4,425.00 (2,548.59) -57.6%769.46 225.00 544.46 7,962.81 5,175.00 2,787.81 5,625.00 (2,337.81) -41.6%66-MKT-UTILITIES6607840 Utilities-Telephone 155.68 100.00 55.68 1,376.38 1,000.00 376.38 1,200.00 (176.38) -14.7%Total-MKT-UTILITIES155.68 100.00 55.68 1,376.38 1,000.00 376.38 1,200.00 (176.38) -14.7%66-MKT-OTHER EXPENSES6609010 Advertising16,552.74 18,230.00 (1,677.26) 146,256.00 156,698.00 (10,442.00) 169,987.00 23,731.00 14.0%6609040 Business Meals- 25.00 (25.00) - 250.00 (250.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) 6,178.41 3,500.00 2,678.41 5,500.00 (678.41) -12.3%6609102 Contract Services-Web Page- 150.00 (150.00) 1,089.00 1,500.00 (411.00) 1,800.00 711.00 39.5%6609490 Miscellaneous111.87 50.00 61.87 111.87 300.00 (188.13) 350.00 238.13 68.0%6609620 Postage- 50.00 (50.00) - 500.00 (500.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) 2,064.31 600.00 1,464.31 700.00 (1,364.31) -194.9%6609633 Promotion-Community- 75.00 (75.00) 824.19 2,100.00 (1,275.81) 2,250.00 1,425.81 63.4%6609634 Promotion-Media/Vendor- - - 1,755.45 2,000.00 (244.55) 2,000.00 244.55 12.2%6609150 Dues and Subscriptions- - - - 735.00 (735.00) 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 450.81 600.00 (149.19) 600.00 149.19 24.9%Total-MKT-OTHER EXPENSES16,664.61 19,180.00 (2,515.39) 158,730.04 168,783.00 (10,052.96) 184,822.00 26,091.96 14.1%20,096.44 22,781.00 (2,684.56) 194,461.28 207,718.00 (13,256.72) 230,960.00 36,498.72 15.8%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementApril 2018Annual Budget9 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group1,904.62 1,509.00 395.62 18,563.98 15,090.00 3,473.98 18,108.00 (455.98) -2.5%6701325 Insurance-Workers Comp428.34 677.00 (248.66) 5,850.39 6,546.00 (695.61) 7,905.00 2,054.61 26.0%6701720 Salaries11,494.80 15,465.00 (3,970.20) 122,126.84 147,760.00 (25,633.16) 177,996.00 55,869.16 31.4%6701800 Taxes-Employer Payroll1,098.33 2,349.00 (1,250.67) 10,583.08 22,710.00 (12,126.92) 32,800.00 22,216.92 67.7%6701880 Wages-Hourly2,817.81 2,600.00 217.81 23,883.99 26,876.00 (2,992.01) 27,404.00 3,520.01 12.8%6701882 Wages-Overtime- - - 46.59 - 46.59 - (46.59) 0.0%Total-G&A-SALARIES & BENEFITS17,743.90 22,600.00 (4,856.10) 181,054.87 218,982.00 (37,927.13) 264,213.00 83,158.13 31.5%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer88.62 500.00 (411.38) 3,230.10 5,000.00 (1,769.90) 6,300.00 3,069.90 48.7%6703762 Supplies-Office69.95 105.00 (35.05) 315.49 1,050.00 (734.51) 1,260.00 944.51 75.0%6703768 Supplies-Printing & Stationery157.66 400.00 (242.34) 1,934.25 2,500.00 (565.75) 3,300.00 1,365.75 41.4%Total-G&A-SUPPLIES & MATERIALS316.23 1,005.00 (688.77) 5,479.84 8,550.00 (3,070.16) 10,860.00 5,380.16 49.5%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment 75.00 100.00 (25.00) 1,475.00 1,700.00 (225.00) 1,900.00 425.00 22.4%Total-G&A-REPAIRS & MAINTENANCE75.00 100.00 (25.00) 1,475.00 1,700.00 (225.00) 1,900.00 425.00 22.4%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 5,000.00 5,000.00 - 6,000.00 1,000.00 16.7%6709150 Dues & Subscriptions265.00 50.00 215.00 1,005.00 800.00 205.00 1,150.00 145.00 12.6%6709180 Employee Recruiting/Relocation30.00 - 30.00 1,097.24 1,200.00 (102.76) 1,200.00 102.76 8.6%6709197 Equipment Rental535.55 550.00 (14.45) 6,103.80 5,500.00 603.80 6,600.00 496.20 7.5%6709202 Fees-Bank122.26 90.00 32.26 1,915.92 900.00 1,015.92 1,080.00 (835.92) -77.4%6709208 Fees-Payroll Processing398.30 1,000.00 (601.70) 6,127.78 10,000.00 (3,872.22) 12,000.00 5,872.22 48.9%6709220 Freight/Delivery- 50.00 (50.00) - 500.00 (500.00) 600.00 600.00 100.0%6709490 Miscellaneous- 100.00 (100.00) 3,577.86 6,400.00 (2,822.14) 6,600.00 3,022.14 45.8%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services158.99 75.00 83.99 1,490.18 750.00 740.18 900.00 (590.18) -65.6%6709625 Professional Fees585.16 850.00 (264.84) 6,632.97 8,500.00 (1,867.03) 10,200.00 3,567.03 35.0%6709636 Promotion/Entertainment- 100.00 (100.00) 326.10 1,000.00 (673.90) 1,200.00 873.90 72.8%6709722 Seminars & Training250.00 200.00 50.00 1,769.24 2,000.00 (230.76) 2,400.00 630.76 26.3%6709810 Travel- 200.00 (200.00) - 400.00 (400.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 900.00 1,050.01 900.00 150.01 1,050.00 (0.01) 0.0%Total-G&A-OTHER EXPENSES2,845.26 3,840.00 (19.74) 36,096.10 43,850.00 (7,753.90) 52,080.00 15,983.90 30.7%20,980.39 27,545.00 (6,564.61) 224,105.81 273,082.00 (48,976.19) 329,053.00 104,947.19 31.9%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementApril 2018Annual Budget10 AprilFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,829.27 10,050.00 (220.73) 98,292.70 100,950.00 (2,657.30) 121,050.00 22,757.30 18.8%6800193 Equipment Leases-Maintenance 9,181.20 11,500.00 (2,318.80) 91,812.00 93,200.00 (1,388.00) 116,200.00 24,388.00 21.0%6800194 Equipment Leases-Trailer323.07 600.00 (276.93) 5,077.88 6,000.00 (922.12) 7,200.00 2,122.12 29.5%6800196 Equipment Leases-GPS3,870.00 4,700.00 (830.00) 38,700.00 47,000.00 (8,300.00) 56,400.00 17,700.00 31.4%6800197 Equipment Leases-Others2,030.30 1,950.00 80.30 20,092.82 16,300.00 3,792.82 20,200.00 107.18 0.0%25,233.84 28,800.00(3,566.16) 253,975.40263,450.00 (9,474.60) 321,050.00 67,074.60 20.9%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,999.00 8,999.00 - 90,490.00 89,990.00 500.00 107,987.00 17,497.00 16.2%6900210 FF&E Reserve6,880.43 8,302.00 (1,421.57) 52,746.01 55,994.00 (3,247.99) 59,281.00 6,534.99 11.0%6900800 Personal Property Taxes- - - 15,099.65 11,800.00 3,299.65 11,800.00 (3,299.65) -28.0%6900323 Insurance-Commercial4,781.56 2,700.00 2,081.56 48,154.04 27,000.00 21,154.04 32,400.00 (15,754.04) -48.6%20,660.99 20,001.00659.99 206,489.70184,784.00 21,705.70 211,468.00 4,978.30 2.4%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementApril 2018Annual BudgetMonth to Date Year to Date11 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2017-20182017 2017 2017 2017 2017 2017Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia13 5SalesPromotionGolf IndustryVIPCelebrityPGA Comp20 12 27516Charity/Gift Certificate2213 10Rain/Wind Checks2Club Staff53 38 65 16 32 66LQ HS Golf1066382685 58 98 19 71 1252018 2018 2018 2018 2018 2018Comp CategoryJanuaryFebruaryMarchAprilMayJuneMedia4 7 12SalesPromotion4Golf IndustryVIPCelebrityPGA Comp31 41 30 34Charity/Gift Certificate22614 24Rain/Wind Checks5740 13Club Staff31 42 42 39LQ HS Golf826 51 39105 129 189 149 0012