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08 February 2018 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2017 – February 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 FebruaryFinal Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue539,409.40 544,569.00 (5,159.60) -0.9% 1,698,710.00 1,780,743.00 (82,033.00) 2,964,060.00 1,265,350.00 57%401000 Miscellaneous Golf Revenue40,985.00 51,025.00 (10,040.00) -19.7% 187,834.00 205,788.00 (17,954.00) 166,766.00 (21,068.00) 113%410000 Revenue-Golf Shop37,327.89 38,500.00 (1,172.11) -3.0% 134,398.23 141,864.00 (7,465.77) 262,017.00 127,618.77 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 Income0.08 - 0.08 0.34 - 0.34 - (0.34) 0%Total Income619,222.37 635,594.00 (16,371.63) -2.6% 2,029,942.57 2,137,395.00 (107,452.43) 3,404,843.00 1,374,900.43 60%Cost of Goods Sold510000 COS-Golf Shop19,693.20 21,548.00 (1,854.80) 8.6% 79,873.53 79,401.12 (472.41) 146,651.00 66,777.47 54%Total COS19,693.20 21,548.00 (1,854.80) 8.6% 79,873.53 79,401.12 (472.41) 146,651.00 66,777.47 54%Gross Profit599,529.17 614,046.00 (14,516.83) -2.4% 1,950,069.04 2,057,993.88 (107,924.84) 3,258,192.00 1,308,122.96 60%Expenses610000 Golf Pro Shop 19,508.49 18,441.00 1,067.49 -5.8% 129,824.03 124,917.00 4,907.03 199,990.00 70,165.97 65%630000 Course Maintenance120,700.85 112,360.00 8,340.85 -7.4% 1,148,080.37 1,212,566.00 (64,485.63) 1,735,790.00 587,709.63 66%633000 Maintenance Water & Energy15,394.38 17,148.00 (1,753.62) 10.2% 149,991.92 154,217.00 (4,225.08) 249,838.00 99,846.08 60%640000 Outside Services35,042.24 41,893.00 (6,850.76) 16.4% 218,774.09 222,399.00 (3,624.91) 331,964.00 113,189.91 66%650000 Clubhouse8,918.26 10,776.00 (1,857.74) 17.2% 87,287.33 90,108.00 (2,820.67) 136,412.00 49,124.67 64%660000 Marketing22,946.94 24,063.00 (1,116.06) 4.6% 149,121.54 161,106.00 (11,984.46) 230,960.00 81,838.46 65%670000 General & Administrative20,932.01 27,795.00 (6,862.99) 24.7% 181,415.47 217,992.00 (36,576.53) 329,053.00 147,637.53 55%680000 Leases25,436.03 28,800.00 (3,363.97) 11.7% 203,217.33 205,850.00 (2,632.67) 321,050.00 117,832.67 63%690000 Miscellaneous Other Expense24,038.37 22,590.00 1,448.37 -6.4% 160,156.60 141,007.00 19,149.60 211,468.00 51,311.40 76%Total Expenses292,917.57 303,866.00 (10,948.43) 3.6% 2,427,868.68 2,530,162.00 102,293.32 3,746,525.00 1,318,656.32 65%306,611.60 310,180.00 (3,568.40) -1.2%(477,799.64) (472,168.12) (5,631.52) (488,333.00) (10,533.36) 0%Rounds of Golf PlayedPaid Rounds Played5,461 5,500 (39) -0.7%23,884 23,373 511 42,173 18,289 57%Ave $ Per Paid Round Green Fee98.77 99.01 (0.24) -0.2%71.12 76.19 (5.06) 70.28 (0.84) 101%Ave $ Per Paid Round Merchandise6.84 7.00 (0.16) -2.4%5.63 6.07 (0.44) 6.21 0.59 91%Ave $ Per Paid Miscellaneous 7.51 9.28 (1.77) -19.1%7.86 8.80 (0.94) 3.95 (3.91) 199%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateFebruary 20181 Income FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees539,409.40 544,569.00 (5,159.60) 1,698,710.00 1,780,743.00 (82,033.00) 2,964,060.00 1,265,350.00 42.7%4010000 Rider Fee1,400.00 1,375.00 25.00 5,140.00 4,528.00 612.00 7,307.00 2,167.00 29.7%4040000 Club Rental3,700.00 2,750.00 950.00 14,315.00 11,688.00 2,627.00 21,087.00 6,772.00 32.1%4050000 Driving Range17,790.00 16,500.00 1,290.00 59,759.00 60,672.00 (913.00) 94,872.00 35,113.00 37.0%4060000 Handicap Fees- 400.00 (400.00) - 2,100.00 (2,100.00) 2,500.00 2,500.00 100.0%4090000 Ball Retriever/Subcontract- - - - 3,000.00 (3,000.00) 4,000.00 4,000.00 100.0%4091000 Golf Professional Rental Fee 500.00 6,000.00 (5,500.00) 3,710.00 21,000.00 (17,290.00) 37,000.00 33,290.00 90.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue17,595.00 24,000.00 (6,405.00) 104,910.00 102,800.00 2,110.00 165,300.00 60,390.00 36.5% Total Revenue Fees580,394.40 595,594.00(15,199.60) 1,886,544.001,986,531.00 (99,987.00) 3,296,126.00 1,409,582.00 42.8%580,394.40 595,594.00(15,199.60) 1,886,544.001,986,531.00 (99,987.00) 3,296,126.00 1,409,582.00 42.8%SilverRock ResortStatement of Fees RevenueFebruary 2018Total IncomeMonth to DateYear to DateAnnual Budget2 RevenuesActualBudgetVariance$40,985.00$51,025.00(10,040.00)Unfavorable: Due to reduced Golf Professional fees due to uncertainty of the Driving Range. Also, Resident cards down but up for year to date.ExpensesActualBudgetVariance$15,394.38$17,148.00(1,753.62)Favorable: Due to runtimes on the front entrance waterfall.ActualBudgetVariance$35,042.24$41,893.00(6,850.76)Unfavorable: Due to timing of bottled water invoice for the guests.ActualBudgetVariance$8,918.26 $10,776.00 (1,857.74)Favorable: Due to in house janitorial services.ActualBudgetVariance$20,932.01$27,795.00(6,862.99)Favorable: Due to reduced payroll, and line items. ActualBudgetVariance$25,471.92$28,800.00(3,328.08)Favorable: Due to timing of trailer leases and user tax on portions of maintenance equipment.ActualBudgetVariance$24,038.37$22,590.001,448.37Unfavorable: Due to payments for commercial insurance down payment.General and AdministrativeClubhouseMiscellaneous Other ExpenseLeasesMaintenance Water and EnergyOutside ServicesVariance ExplanationFebruary 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%.Miscellaneous Golf Revenue3-20-133 Income FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous36.50 - 36.50 1,956.97 - 1,956.97 00 0%4100110 Sales Hard Goods 11,657.85 13,475.00 (1,817.15) 46,325.75 49,653.00 (3,327.25) 91,706.00 45,380.25 49.5%4100112 Sales-Soft Goods28,742.00 25,025.00 3,717.00 102,773.42 92,211.00 10,562.42 170,311.00 67,537.58 39.7%5100639 GS-Discounts-Mdse (3,108.46) - (3,108.46) (16,657.91) - (16,657.91) - 16,657.91 0.0% Total Revenue Golf Shop37,327.89 38,500.00 (1,172.11) 134,398.23 141,864.00 (7,465.77) 262,017.00 129,575.74 49.5%COS 5100150 COS-GS-Hard Goods 6,649.54 7,815.50 (1,165.96) 27,149.10 28,798.74 (1,649.64) 53,189.48 26,040.38 49.0%5100151 COS-GS-Soft Goods 12,798.37 14,514.50 (1,716.13) 49,969.51 53,482.38 (3,512.87) 97,137.52 47,168.01 48.6%5100152 COS-GS-Purchase Disc (23.40) (1,117.00) 1,093.60 (210.93) (4,115.00) 3,904.07 (7,598.00) (7,387.07) 97.2%5100220 COS-GS-Freight Merch 268.69 335.00 (66.31) 2,965.85 1,235.00 1,730.85 2,280.00 (685.85) -30.1%Cost of Sales - Golf Shop19,693.20 21,548.00 (1,854.80) 79,873.53 79,401.12 472.41 145,009.00 65,135.47 44.9%Gross Profit17,634.69 16,952.00 682.69 54,524.70 62,462.88 (7,938.18) 117,008.00 64,440.27 55.1%COS % 52.8% 56.0% 3.2% 59.4% 56.0% -3.5% 53.1% 50.3% 94.7%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,477.96 2,436.00 (958.04) 13,323.68 17,052.00 (3,728.32) 26,796.00 13,472.32 50.3%6101325 Insurance-Workers Comp 905.87 478.00 427.87 4,543.21 3,113.00 1,430.21 4,957.00 413.79 8.3%6101720 Salaries4,400.00 4,001.00 399.00 33,000.00 32,008.00 992.00 45,000.00 12,000.00 26.7%6101800 Taxes-Employer Payroll 2,040.11 1,659.00 381.11 11,564.19 10,796.00 768.19 18,825.00 7,260.81 38.6%6101880 Wages-Hourly10,128.00 8,757.00 1,371.00 60,041.30 51,028.00 9,013.30 87,179.00 27,137.70 31.1%6101882 Wages-Overtime140.65 - 140.65 853.36 - 853.36 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 19,092.59 17,331.00 1,761.59 123,325.74 113,997.00 9,328.74 182,757.00 61,237.50 33.5%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office199.19 250.00 (50.81) 1,098.03 2,000.00 (901.97) 3,000.00 1,901.97 63.4%6109220 Freight & Delivery20.18 - 20.18 169.49 75.00 94.49 75.00 (94.49) -126.0%6109490 Miscellaneous50.00 500.00 (450.00) 1,390.02 4,000.00 (2,609.98) 6,000.00 4,609.98 76.8%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short19.61 - 19.61 203.75 - 203.75 - (203.75) 0.0%6109722 Seminars/Training- 35.00 (35.00) - 2,335.00 (2,335.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 30.00 (30.00) 90.00 90.00 100.0%6109820 Uniforms88.99 200.00 (111.01) 2,866.35 1,600.00 1,266.35 2,400.00 (466.35) -19.4%6117840 Telephones37.93 110.00 (72.07) 770.65 880.00 (109.35) 1,320.00 549.35 41.6%415.90 1,110.00 (694.10) 6,498.29 10,920.00 (4,421.71) 18,875.00 12,376.71 65.6%19,508.49 18,441.00 1,067.49 129,824.03 124,917.00 4,907.03 201,632.00 73,614.21 36.5%Net Income(1,873.80) (1,489.00) (384.80) (75,299.33) (62,454.12) (12,845.21) (84,624.00) (9,173.94) 10.8%SilverRock ResortGolf Shop Income StatementFebruary 2018Total Expenses-Golf ShopMonth to DateYear to DateAnnual Budget4 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group8,482.13 9,165.00 (682.87) 62,687.63 66,360.00 (3,672.37) 103,020.00 40,332.37 39.2%6311325 Insurance-Workers Comp2,588.20 2,124.00 464.20 19,466.52 17,718.00 1,748.52 26,974.00 7,507.48 27.8%6311720 Salaries12,476.92 12,200.00 276.92 95,139.56 97,600.00 (2,460.44) 146,400.00 51,260.44 35.0%6311800 Taxes-Employer Payroll7,436.59 7,365.00 71.59 43,684.99 61,958.00 (18,273.01) 91,481.00 47,796.01 52.2%6311880 Wages-Hourly46,339.15 44,453.00 1,886.15 355,510.46 366,619.00 (11,108.54) 567,262.00 211,751.54 37.3%6311882 Wages-Overtime3,787.41 - 3,787.41 50,400.91 12,350.00 38,050.91 12,350.00 (38,050.91) -308.1%Total-CM-SALARIES & BENEFITS81,110.40 75,307.00 5,803.40 626,890.07 622,605.00 4,285.07 947,487.00 320,596.93 33.8%63-CM-SUPPLIES & MATERIALS6313734 Chemicals896.35 190.00 706.35 15,138.84 29,664.00 (14,525.16) 17,760.00 2,621.16 14.8%6313744 Fertilizer3,973.48 3,020.00 953.48 48,584.76 75,900.00 (27,315.24) 105,970.00 57,385.24 54.2%6313745 Herbicides- - - 14,989.25 - 14,989.25 25,518.00 10,528.75 41.3%6313746 Flowers/Plants668.27 100.00 568.27 2,738.08 2,850.00 (111.92) 3,050.00 311.92 10.2%6313748 Fuel-Gasoline663.11 3,880.00 (3,216.89) 20,090.46 33,370.00 (13,279.54) 48,950.00 28,859.54 59.0%6313750 Golf Course Accessories43.91 160.00 (116.09) 13,419.47 12,460.00 959.47 13,140.00 (279.47) -2.1%6313756 POA Control- - - - 9,900.00 (9,900.00) 9,900.00 9,900.00 100.0%6313758 Miscellaneous Supp1,246.59 100.00 1,146.59 6,749.78 3,950.00 2,799.78 4,350.00 (2,399.78) -55.2%6313762 Supplies-Office313.19 - 313.19 1,757.74 - 1,757.74 - (1,757.74) 0.0%6313774 Sand- 100.00 (100.00) 4,275.68 13,060.00 (8,784.32) 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 Equip- 100.00 (100.00) 3,831.47 4,600.00 (768.53) 5,000.00 1,168.53 23.4%6313780 Sod772.13 - 772.13 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 & MATERIALS8,577.03 7,650.00 927.03 251,500.00 318,954.00 (67,454.00) 387,998.00 136,498.00 35.2%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint3,840.00 2,830.00 1,010.00 29,624.24 22,640.00 6,984.24 33,960.00 4,335.76 12.8%6315685 CM-R&M-Bldngs & Othr Structures 3,674.93 250.00 3,424.93 7,160.79 4,550.00 2,610.79 5,550.00 (1,610.79) -29.0%6315690 CM-R&M-Equipment3,147.83 2,500.00 647.83 26,611.01 29,500.00 (2,888.99) 38,500.00 11,888.99 30.9%6315692 CM-R&M-Irrigation System552.49 1,000.00 (447.51) 17,795.44 15,050.00 2,745.44 19,050.00 1,254.56 6.6%6315696 CM-R&M-Pumps2,640.45 1,000.00 1,640.45 9,110.58 8,000.00 1,110.58 10,500.00 1,389.42 13.2%6315815 CM-R&M-Trees-Pruning Etc- - - 6,680.00 6,050.00 630.00 12,050.00 5,370.00 44.6%Total-CM-REPAIRS & MAINTENANCE13,855.70 7,580.00 6,275.70 96,982.06 85,790.00 11,192.06 119,610.00 22,627.94 18.9%6317836 Utilities-Natural Gas/LPG 23.13 15.00 8.13 182.35 120.00 62.35 180.00 (2.35) 0.0%6317840 Telephones820.98 850.00 (29.02) 7,057.81 6,800.00 257.81 10,200.00 3,142.19 30.8%Total-CM-UTILITIES844.11 865.00 (20.89) 7,240.16 6,920.00 320.16 10,380.00 3,139.84 30.2%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%6319100 Contract Svcs-Soil/Tissue Test- - - - 1,000.00 (1,000.00) 2,000.00 2,000.00 100.0%6319102 Contract Svcs-Trash Removal59.55 524.00 (464.45) 59.55 4,192.00 (4,132.45) 6,288.00 6,228.45 99.1%6319150 Dues & Subscriptions- 200.00 (200.00) 955.00 200.00 755.00 680.00 (275.00) -40.4%6319170 Employee Education- 1,000.00 (1,000.00) - 1,350.00 (1,350.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) 4,407.67 2,700.00 1,707.67 3,400.00 (1,007.67) -29.6%6319206 Licenses & Permits- - - 359.29 400.00 (40.71) 4,300.00 3,940.71 91.6%6319490 Miscellaneous- 100.00 (100.00) 714.67 800.00 (85.33) 1,200.00 485.33 40.4%6319718 Safety Equipment & Training263.02 200.00 63.02 1,888.88 3,350.00 (1,461.12) 3,850.00 1,961.12 50.9%6319822 Uniforms1,166.39 920.00 246.39 7,331.83 7,360.00 (28.17) 11,040.00 3,708.17 33.6%Total-CM-OTHER EXPENSES1,888.96 3,544.00 (1,655.04) 18,916.89 24,552.00 (5,635.11) 41,458.00 22,541.11 54.4%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementFebruary 2018Annual Budget5 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,768.63 2,784.00 (15.37) 29,132.65 22,272.00 6,860.65 33,408.00 4,275.35 12.8%6321325 Insurance-Workers Comp647.05 450.00 197.05 4,250.33 3,987.00 263.33 5,955.00 1,704.67 28.6%6321800 Taxes-Employer Payroll1,081.42 1,561.00 (479.58) 11,724.38 13,971.00 (2,246.62) 20,793.00 9,068.62 43.6%6321880 Wages-Hourly9,331.56 12,004.00 (2,672.44) 94,912.64 104,052.00 (9,139.36) 156,528.00 61,615.36 39.4%6321882 Wages-Overtime- - - 1,973.86 3,418.00 (1,444.14) 3,418.00 1,444.14 42.3%Total-CM-LM-SALARIES & BENEFITS13,828.66 16,799.00 (2,970.34) 141,993.86 147,700.00 (5,706.14) 220,102.00 78,108.14 35.5%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) 386.77 725.00 (338.23) 1,025.00 638.23 62.3%6323788 Uniforms595.99 290.00 305.99 956.86 2,320.00 (1,363.14) 3,480.00 2,523.14 72.5%Total-CM-LM-SUPPLIES & MATERIALS595.99 365.00 230.99 1,343.63 3,045.00 (1,701.37) 4,505.00 3,161.37 70.2%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) 3,213.70 3,000.00 213.70 4,250.00 1,036.30 24.4%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) 3,213.70 3,000.00 213.70 4,250.00 1,036.30 24.4%120,700.85 112,360.00 8,340.85 1,148,080.37 1,212,566.00 (64,485.63) 1,735,790.00 587,709.63 33.9% FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 14,087.35 15,016.00 (928.65) 91,227.50 102,822.00 (11,594.50) 179,791.00 88,563.50 49.3%6337842 Utilities-Water1,307.03 2,132.00 (824.97) 58,764.42 51,395.00 7,369.42 70,047.00 11,282.58 16.1%15,394.38 17,148.00 (1,753.62) 149,991.92 154,217.00 (4,225.08) 249,838.00 99,846.08 40.0%Total-COURSE MAINTENANCECourse Maintenance Expense StatementFebruary 2018Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyFebruary 2018Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 696.00 (696.00) - 5,568.00 (5,568.00) 8,352.00 8,352.00 100.0%6411325 Insurance-Workers Comp1,682.33 631.00 1,051.33 6,159.05 3,537.00 2,622.05 5,623.00 (536.05) -9.5%6411800 Taxes-Employer Payroll2,642.30 2,093.00 549.30 11,493.68 11,741.00 (247.32) 18,667.00 7,173.32 38.4%6411880 Wages-Hourly17,103.45 16,815.00 288.45 86,639.44 94,315.00 (7,675.56) 149,934.00 63,294.56 42.2%6411882 Wages-Overtime859.00 - 859.00 1,753.71 - 1,753.71 - (1,753.71) 0.0%Total-CBR-SALARIES & BENEFITS22,287.0820,235.002,052.08 106,045.88115,161.00(9,115.12) 182,576.00 76,530.12 41.9%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- 75.00 (75.00) 61.75 1,650.00 (1,588.25) 1,850.00 `0.0%6413742 Supplies-Expendable906.98 1,000.00 (93.02) 3,231.22 5,450.00 (2,218.78) 6,750.00 3,518.78 52.1%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) 201.31 1,800.00 (1,598.69) 3,000.00 2,798.69 93.3%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) - 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-Towels320.00 250.00 70.00 2,098.35 1,360.00 738.35 2,182.00 83.65 3.8%6413796 Supplies-Bottled Water107.75 7,000.00 (6,892.25) 11,312.25 12,100.00 (787.75) 12,900.00 1,587.75 12.3%Total-CBR-SUPPLIES & MATERIALS1,334.73 8,895.00 (7,560.27) 27,671.13 31,825.00 (4,153.87) 36,627.00 7,167.62 19.6%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment250.07 300.00 (49.93) 22,530.96 2,400.00 20,130.96 3,600.00 (18,930.96) -525.9%6415695 CBR-R&M-Cart Maintenance & Repair 120.70 500.00 (379.30) 3,620.70 4,450.00 (829.30) 6,450.00 2,829.30 43.9%Total-CBR-REPAIRS & MAINTENANCE370.77 800.00 (429.23) 26,151.66 6,850.00 19,301.66 10,050.00 (16,101.66) -160.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,325.41 800.00 525.41 5,893.01 6,400.00 (506.99) 9,600.00 3,706.99 38.6%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous307.93 600.00 (292.07) 1,876.36 4,800.00 (2,923.64) 7,200.00 5,323.64 73.9%6419820 Uniforms351.53 - 351.53 351.53 3,000.00 (2,648.47) 5,200.00 4,848.47 93.2%Total-CBR-OTHER EXPENSES1,984.87 1,400.00 584.87 8,120.90 14,650.00 (6,529.10) 22,450.00 14,329.10 63.8%TOTAL-CARTS,BAGROOM & RANGE25,977.4531,330.00584.87 167,989.57168,486.00(496.43) 251,703.00 81,925.18 32.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp776.46 332.00 444.46 3,275.33 1,640.00 1,635.33 2,450.00 (825.33) -33.7%6431800 Taxes-Employer Payroll1,075.08 1,151.00 (75.92) 5,536.87 5,691.00 (154.13) 8,494.00 2,957.13 34.8%6431880 Wages-Hourly7,213.25 8,855.00 (1,641.75) 36,864.28 43,782.00 (6,917.72) 65,341.00 28,476.72 43.6%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS9,064.79 10,338.00(1,273.21) 45,676.48 51,113.00 (5,436.52) 76,285.00 30,608.52 40.1%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) - 700.00 (700.00) 1,050.00 1,050.00 100.0%6439490 Miscellaneous- - - - 200.00 (200.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) 5,108.04 1,500.00 3,608.04 2,125.00 (2,983.04) -140.4%Total-CS-OTHER EXPENSES- 225.00 (225.00) 5,108.04 2,800.00 2,308.04 3,975.00 (1,133.04) -28.5%Total-COURSE SERVICES9,064.79 10,563.00(1,498.21) 50,784.52 53,913.00 (3,128.48) 80,260.00 29,475.48 36.7%35,042.2441,893.00(6,850.76) 218,774.09222,399.00(3,624.91) 331,963.00 112,533.70 33.9%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementFebruary 2018Annual Budget7 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 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 Gas338.24 300.00 38.24 2,414.83 2,400.00 14.83 3,600.00 1,185.17 32.9%6507840 Utilities-Telephone347.65 1,150.00 (802.35) 6,703.40 9,200.00 (2,496.60) 13,800.00 7,096.60 51.4%6507842 Utilities-Water701.72 321.00 380.72 2,527.53 2,568.00 (40.47) 3,852.00 1,324.47 34.4%6507844 Utilities-Cable494.41 380.00 114.41 3,947.46 3,040.00 907.46 4,560.00 612.54 13.4%Total-CH-UTILITIES1,882.02 2,151.00 (268.98) 15,593.22 17,208.00 (1,614.78)25,812.00 10,218.78 39.6%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning799.62 1,825.00 (1,025.38) 12,029.62 15,200.00 (3,170.38) 22,500.00 10,470.38 46.5%6509099 Contract Services-Security4,711.68 5,000.00 (288.32) 41,979.58 40,000.00 1,979.58 60,000.00 18,020.42 30.0%6509215 Flowers & Decorations- - - - 1,000.00 (1,000.00) 1,900.00 1,900.00 100.0%6509490 Miscellaneous- 200.00 (200.00) 2,244.42 3,900.00 (1,655.58) 7,000.00 4,755.58 67.9%6509718 Safety Equipment & Training160.26 100.00 60.26 194.15 800.00 (605.85) 1,200.00 1,005.85 83.8%Total-CH-OTHER EXPENSES5,671.56 7,125.00 (1,453.44)56,447.77 60,900.00 (4,452.23)92,600.00 36,152.23 39.0%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures964.68 300.00 664.68 8,479.80 2,400.00 6,079.80 3,600.00 (4,879.80) -135.6%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 1,256.84 3,200.00 (1,943.16) 4,800.00 3,543.16 73.8%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 2,309.70 3,200.00 (890.30) 4,800.00 2,490.30 51.9%Total-CH-REPAIRS & MAINTENANCE964.68 1,100.00 (135.32) 12,046.34 8,800.00 3,246.34 13,200.00 1,153.66 8.7%8,918.26 10,776.00(1,857.74)87,287.33 90,108.00 (2,820.67)136,412.00 2,307.32 1.7%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementFebruary 2018Annual Budget8 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 351.02 348.00 3.02 3,156.16 2,784.00 372.16 4,176.00 1,019.84 24.4%6601325 Insurance-Workers Comp91.20 94.00 (2.80) 744.07 752.00 (7.93) 1,129.00 384.93 34.1%6601720 Salaries1,905.20 2,508.00 (602.80) 15,240.04 20,064.00 (4,823.96) 30,096.00 14,855.96 49.4%6601800 Taxes-Employer Payroll145.20 326.00 (180.80) 2,184.60 2,608.00 (423.40) 3,912.00 1,727.40 44.2%Total-MKT-SALARIES & BENEFITS2,492.62 3,276.00 (783.38) 21,324.87 26,208.00 (4,883.13) 39,313.00 17,988.13 45.8%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 272.03 100.00 172.03 860.88 800.00 60.88 1,200.00 339.12 28.3%6603768 Supplies-Printing & Stationery 379.37 125.00 254.37 5,620.42 3,925.00 1,695.42 4,425.00 (1,195.42) -27.0%651.40 225.00 426.40 6,481.30 4,725.00 1,756.30 5,625.00 (856.30) -15.2%66-MKT-UTILITIES6607840 Utilities-Telephone 150.49 100.00 50.49 1,044.74 800.00 244.74 1,200.00 155.26 12.9%Total-MKT-UTILITIES150.49 100.00 50.49 1,044.74 800.00 244.74 1,200.00 155.26 12.9%66-MKT-OTHER EXPENSES6609010 Advertising16,952.78 18,612.00 (1,659.22) 111,291.33 119,488.00 (8,196.67) 169,987.00 58,695.67 34.5%6609040 Business Meals- 25.00 (25.00) - 200.00 (200.00) 300.00 300.00 100.0%6609080 Collateral Material2,600.65 500.00 2,100.65 4,360.00 2,500.00 1,860.00 5,500.00 1,140.00 20.7%6609102 Contract Services-Web Page99.00 150.00 (51.00) 693.00 1,200.00 (507.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous- 50.00 (50.00) - 200.00 (200.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6609630 Promotion- 50.00 (50.00) 2,064.31 500.00 1,564.31 700.00 (1,364.31) -194.9%6609633 Promotion-Community- 75.00 (75.00) 824.19 1,950.00 (1,125.81) 2,250.00 1,425.81 63.4%6609634 Promotion-Media/Vendor- 500.00 (500.00) 586.99 2,000.00 (1,413.01) 2,000.00 1,413.01 70.7%6609150 Dues and Subscriptions- 400.00 (400.00) - 435.00 (435.00) 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 450.81 500.00 (49.19) 600.00 149.19 24.9%Total-MKT-OTHER EXPENSES19,652.43 20,462.00 (809.57) 120,270.63 129,373.00 (9,102.37) 184,822.00 64,551.37 34.9%22,946.94 24,063.00 (1,116.06) 149,121.54 161,106.00 (11,984.46) 230,960.00 81,838.46 35.4%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementFebruary 2018Annual Budget9 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,004.30 1,509.00 495.30 14,738.40 12,072.00 2,666.40 18,108.00 3,369.60 18.6%6701325 Insurance-Workers Comp388.23 677.00 (288.77) 4,919.88 5,192.00 (272.12) 7,905.00 2,985.12 37.8%6701720 Salaries11,494.80 15,465.00 (3,970.20) 99,137.24 116,830.00 (17,692.76) 177,996.00 78,858.76 44.3%6701800 Taxes-Employer Payroll1,470.61 2,349.00 (878.39) 8,296.65 18,012.00 (9,715.35) 32,800.00 24,503.35 74.7%6701880 Wages-Hourly2,817.81 2,600.00 217.81 18,245.80 21,676.00 (3,430.20) 27,404.00 9,158.20 33.4%6701882 Wages-Overtime46.59 - - 46.59 - 46.59 - (46.59) 0.0%Total-G&A-SALARIES & BENEFITS18,222.34 22,600.00 (4,424.25) 145,384.56 173,782.00 (28,397.44) 264,213.00 118,828.44 45.0%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer300.00 500.00 (200.00) 3,118.10 4,000.00 (881.90) 6,300.00 3,181.90 50.5%6703762 Supplies-Office(74.78) 105.00 (179.78) 217.77 840.00 (622.23) 1,260.00 1,042.23 82.7%6703768 Supplies-Printing & Stationery178.92 400.00 (221.08) 1,586.28 1,700.00 (113.72) 3,300.00 1,713.72 51.9%Total-G&A-SUPPLIES & MATERIALS404.14 1,005.00 (600.86) 4,922.15 6,540.00 (1,617.85) 10,860.00 5,937.85 54.7%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 1,354.66 1,500.00 (145.34) 1,900.00 545.34 28.7%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 1,354.66 1,500.00 (145.34) 1,900.00 545.34 28.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 4,000.00 4,000.00 - 6,000.00 2,000.00 33.3%6709150 Dues & Subscriptions320.00 200.00 120.00 740.00 700.00 40.00 1,150.00 410.00 35.7%6709180 Employee Recruiting/Relocation120.00 200.00 (80.00) 821.95 1,000.00 (178.05) 1,200.00 378.05 31.5%6709197 Equipment Rental325.69 550.00 (224.31) 4,164.57 4,400.00 (235.43) 6,600.00 2,435.43 36.9%6709202 Fees-Bank102.76 90.00 12.76 1,687.76 720.00 967.76 1,080.00 (607.76) -56.3%6709208 Fees-Payroll Processing393.80 1,000.00 (606.20) 5,330.13 8,000.00 (2,669.87) 12,000.00 6,669.87 55.6%6709220 Freight/Delivery- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6709490 Miscellaneous- 100.00 (100.00) 3,539.95 6,200.00 (2,660.05) 6,600.00 3,060.05 46.4%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services158.99 75.00 83.99 1,213.58 600.00 613.58 900.00 (313.58) -34.8%6709625 Professional Fees- 850.00 (850.00) 5,360.81 6,800.00 (1,439.19) 10,200.00 4,839.19 47.4%6709636 Promotion/Entertainment- 100.00 (100.00) 326.10 800.00 (473.90) 1,200.00 873.90 72.8%6709722 Seminars & Training249.16 200.00 49.16 1,519.24 1,600.00 (80.76) 2,400.00 880.76 36.7%6709810 Travel- 100.00 (100.00) - 200.00 (200.00) 1,100.00 1,100.00 100.0%6709820 Uniforms135.13 75.00 900.00 1,050.01 750.00 300.01 1,050.00 (0.01) 0.0%Total-G&A-OTHER EXPENSES2,305.53 4,090.00 (944.60) 29,754.10 36,170.00 (6,415.90) 52,080.00 22,325.90 42.9%20,932.01 27,795.00 (6,862.99) 181,415.47 217,992.00 (36,576.53) 329,053.00 147,637.53 44.9%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementFebruary 2018Annual Budget10 FebruaryFinal Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,829.27 10,050.00 (220.73) 78,634.16 80,850.00 (2,215.84) 121,050.00 42,415.84 35.0%6800193 Equipment Leases-Maintenance 9,181.20 11,500.00 (2,318.80) 73,449.60 70,200.00 3,249.60 116,200.00 42,750.40 36.8%6800194 Equipment Leases-Trailer260.00 600.00 (340.00) 4,171.74 4,800.00 (628.26) 7,200.00 3,028.26 42.1%6800196 Equipment Leases-GPS3,870.00 4,700.00 (830.00) 30,960.00 37,600.00 (6,640.00) 56,400.00 25,440.00 45.1%6800197 Equipment Leases-Others2,295.56 1,950.00 345.56 16,001.83 12,400.00 3,601.83 20,200.00 4,198.17 0.0%25,436.03 28,800.00(3,363.97) 203,217.33205,850.00 (2,632.67) 321,050.00 117,832.6736.7%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 8,999.00 8,999.00 - 72,492.00 71,992.00 500.00 107,987.00 35,495.00 32.9%6900210 FF&E Reserve10,788.00 10,891.00 (103.00) 33,974.03 35,615.00 (1,640.97) 59,281.00 25,306.97 42.7%6900800 Personal Property Taxes- - - 15,099.65 11,800.00 3,299.65 11,800.00 (3,299.65) -28.0%6900323 Insurance-Commercial4,251.37 2,700.00 1,551.37 38,590.92 21,600.00 16,990.92 32,400.00 (6,190.92) -19.1%24,038.37 22,590.001,448.37 160,156.60141,007.00 19,149.60 211,468.00 51,311.40 24.3%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementFebruary 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 CategoryJanuaryFebruaryMarchAprilMayJuneMedia47SalesPromotion4Golf IndustryVIPCelebrityPGA Comp31 41Charity/Gift Certificate226Rain/Wind Checks57Club Staff31 42LQ HS Golf826105129000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2017-2018February 2018 Date Time DescriptionCategoryPlayers2/17/2018 11:45:00 AM Kris Long - Local TV Anchor Media 42/23/2018 12:08:00 PM Mary Bono - Former Local Congress Rep Media 313