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03 September 2018 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2018 – September 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 September Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue144,179.90 121,903.50 22,276.40 18.3% 307,540.42 263,825.25 43,715.17 3,401,303.00 3,093,762.58 9%401000 Miscellaneous Golf Revenue10,222.85 2,775.20 7,447.65 268.4% 23,417.85 8,055.10 15,362.75 302,066.00 278,648.15 8%410000 Revenue-Golf Shop12,839.11 13,800.00 (960.89) -7.0% 31,385.79 29,450.00 1,935.79 277,150.00 245,764.21 11%420000 Revenue-F&B Concession500.00 500.00 - 0.0%1,500.00 1,500.00 - 12,000.00 10,500.00 13%890000 Interest Income0.08 - 0.08 0.0%0.13 - 0.13 - (0.13) 0%Total Income167,741.94 138,978.70 28,763.24 20.7% 363,844.19 302,830.35 61,013.84 3,992,519.00 3,628,674.81 9%Cost of Goods Sold510000 COS-Golf Shop7,443.42 7,442.83 0.59 0.0% 17,767.29 16,056.96 (1,710.33) 155,121.00 137,353.71 11%Total COS7,443.42 7,442.83 0.59 0.0% 17,767.29 16,056.96 (1,710.33) 155,121.00 137,353.71 11%Gross Profit160,298.52 131,535.87 28,762.65 21.9% 346,076.90 286,773.39 59,303.51 3,837,398.00 3,491,321.10 9%Expenses610000 Golf Pro Shop 17,114.83 13,851.77 3,263.06 -23.6% 48,720.30 42,448.43 6,271.87 221,115.00 172,394.70 22%630000 Course Maintenance124,567.43 140,453.00 (15,885.57) 11.3% 372,028.65 383,001.00 (10,972.35) 1,740,490.00 1,368,461.35 21%633000 Maintenance Water & Energy22,570.76 22,747.00 (176.24) 0.8% 64,350.82 68,972.00 (4,621.18) 249,838.00 185,487.18 26%640000 Outside Services23,205.73 18,981.70 4,224.03 -22.3% 65,534.74 55,636.12 9,898.62 354,598.00 289,063.26 18%650000 Clubhouse10,215.96 10,776.00 (560.04) 5.2% 30,637.65 32,328.00 (1,690.35) 136,412.00 105,774.35 22%660000 Marketing19,056.71 14,673.00 4,383.71 -29.9% 38,244.81 29,715.00 8,529.81 229,960.00 191,715.19 17%670000 General & Administrative20,616.55 25,245.00 (4,628.45) 18.3% 63,218.84 75,787.00 (12,568.16) 329,053.00 265,834.16 19%680000 Leases25,827.68 25,200.00 627.68 -2.5% 76,951.14 75,600.00 1,351.14 309,250.00 232,298.86 25%690000 Miscellaneous Other Expense12,970.55 19,938.07 (6,967.52) 34.9% 58,946.96 54,976.51 3,970.45 241,826.00 182,879.04 24%Total Expenses276,146.20 291,865.54 (15,719.34) 5.4% 818,633.91 818,464.06 (169.85) 3,812,542.00 2,993,908.09 21%(115,847.68) (160,329.67) 44,481.99 27.7%(472,557.01) (531,690.67) 59,133.66 24,856.00 497,413.01 0%Rounds of Golf PlayedPaid Rounds Played3,186 3,000 186 6.2%7,861 7,700 161 42,173 34,312 19%Ave $ Per Paid Round Green Fee45.25 40.63 4.62 11.4%39.12 34.26 4.86 80.65 41.53 49%Ave $ Per Paid Round Merchandise4.03 4.60 (0.57) -12.4%3.99 3.82 0.17 6.57 2.58 61%Ave $ Per Paid Miscellaneous 3.21 0.93 2.28 246.9%2.98 1.05 1.93 7.16 4.18 42%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateSeptember 20181 Income September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees144,179.90 121,903.50 22,276.40 307,540.42 263,825.25 43,715.17 3,401,303.00 3,093,762.58 91.0%4010000 Rider Fee772.85 142.20 630.65 2,127.85 366.80 1,761.05 7,307.00 5,179.15 70.9%4040000 Club Rental1,200.00 711.00 489.00 2,325.00 1,834.00 491.00 21,087.00 18,762.00 89.0%4050000 Driving Range3,300.00 1,422.00 1,878.00 6,965.00 3,354.30 3,610.70 94,872.00 87,907.00 92.7%4060000 Handicap Fees- - - - - - 2,500.00 2,500.00 100.0%4090000 Ball Retriever/Subcontract- - - - 1,000.00 (1,000.00) 4,000.00 4,000.00 100.0%4091000 Golf Professional Rental Fee- - - - - - 7,000.00 7,000.00 100.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue4,950.00 500.00 4,450.00 12,000.00 1,500.00 10,500.00 165,300.00 153,300.00 92.7% Total Revenue Fees154,402.75 124,678.7029,724.05 330,958.27 271,880.35 59,077.92 3,703,369.00 3,372,410.73 91.1%154,402.75 124,678.7029,724.05 330,958.27 271,880.35 59,077.92 3,703,369.00 3,372,410.73 91.1%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetSeptember 20182 RevenuesActual BudgetVariance$144,179.90$121,903.5022,276.40Favorable: Due to utilizing UnderPar Promotion to lure in additional golfers.Actual BudgetVariance$10,222.85 $2,775.207,447.65Favorable: Due to an increase in Resident Cards, budgeted $500.00 and sold $4950.00. Also, driving range revenue higher due to availability of teetimes.ExpensesActual BudgetVariance$17,114.83 $13,851.773,263.06Unfavorable: Due to increase in hours worked by staff for training purposes and assistance with receiving merchandise for new season.Actual BudgetVariance$124,567.43 $140,453.00(15,885.57)Favorable: Due to timing of invoices for varies line items, sand, and herbicides.Actual BudgetVariance$23,205.73 $18,981.704,224.03Unfavorable: Due to maintenance and repair on the entire fleet of golf carts. Preventive maintenance was performed for efficiency for new season.Actual BudgetVariance$19,056.71 $10,997.005,220.96Unfavorable: Due to restocking of tees, divot tools and scorecard, and pencils.Actual BudgetVariance$20,616.55 $25,245.00(4,628.45)Favorable: Due to reallocation of accounting payroll.Actual BudgetVariance$12,970.55 $19,938.07(6,967.52)Favorable: Due to timing of invoices for property tax and commercial insurance.Golf ShopVariance ExplanationSeptember 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%.Golf Green Fee RevenueMiscellaneous Golf RevenueGeneral and AdministrativeMarketingMiscellaneous Other ExpenseGolf Course MaintenanceOutside Services3-20-133 Income September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous- - - 1,998.38 - 1,998.38 00 0%4100110 Sales Hard Goods5,856.82 3,450.00 2,406.82 15,846.73 7,362.50 8,484.23 69,288.00 53,441.27 77.1%4100112 Sales-Soft Goods8,824.00 10,350.00 (1,526.00) 17,365.00 22,087.50 (4,722.50) 207,863.00 190,498.00 91.6%5100639 GS-Discounts-Mdse (1,841.71) - (1,841.71) (3,824.32) - (3,824.32) - 3,824.32 0.0% Total Revenue Golf Shop12,839.11 13,800.00 (960.89) 31,385.79 29,450.00 1,935.79 277,151.00 247,763.59 89.4%COS 5100150 COS-GS-Hard Goods 3,162.40 1,930.97 1,231.43 8,700.53 4,120.79 4,579.74 40,187.04 31,486.51 78.3%5100151 COS-GS-Soft Goods 4,059.88 5,792.00 (1,732.12) 8,641.24 12,534.00 (3,892.76) 120,560.54 111,919.30 92.8%5100152 COS-GS-Purchase Disc (69.18) (400.20) 331.02 (84.50) (854.05) 769.55 (8,037.00) (7,952.50) 98.9%5100220 COS-GS-Freight Merch 290.32 120.06 170.26 510.02 256.22 253.80 2,411.00 1,900.98 78.8%Cost of Sales - Golf Shop7,443.42 7,442.83 0.59 17,767.29 16,056.96 1,710.33 155,121.58 137,354.29 88.5%Gross Profit 5,395.69 6,357.17 (961.48) 13,618.50 13,393.04 225.46 122,029.42 110,409.30 90.5%COS %58.0% 53.9% -4.0% 56.6% 54.5% -2.1% 53.1% 55.4% 104.4%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,301.66 1,740.00 (438.34) 4,779.30 5,220.00 (440.70) 26,796.00 22,016.70 82.2%6101325 Insurance-Workers Comp 693.49 353.38 340.11 1,746.35 1,088.82 657.53 5,635.00 3,888.65 69.0%6101720 Salaries4,861.54 4,400.00 461.54 14,123.08 13,200.00 923.08 51,000.00 36,876.92 72.3%6101800 Taxes-Employer Payroll 1,007.07 1,225.04 (217.97) 2,896.13 3,774.56 (878.43) 19,935.00 17,038.87 85.5%6101880 Wages-Hourly8,156.50 5,023.35 3,133.15 23,303.50 15,835.05 7,468.45 98,874.00 75,570.50 76.4%6101882 Wages-Overtime4.13 - 4.13 36.38 - 36.38 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 16,024.39 12,741.77 3,282.62 46,884.74 39,118.43 7,766.31 202,240.00 156,344.52 77.3%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office53.44 250.00 (196.56) 194.41 750.00 (555.59) 3,000.00 2,805.59 93.5%6109220 Freight & Delivery- - - - - - 75.00 75.00 100.0%6109490 Miscellaneous- 500.00 (500.00) 419.14 1,500.00 (1,080.86) 6,000.00 5,580.86 93.0%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(0.60) - (0.60) 51.30 - 51.30 - (51.30) 0.0%6109722 Seminars/Training- 150.00 (150.00) - 450.00 (450.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms1,000.14 100.00 900.14 1,032.77 300.00 732.77 2,400.00 1,367.23 57.0%6117840 Telephones37.46 110.00 (72.54) 137.94 330.00 (192.06) 1,320.00 1,182.06 89.6%1,090.44 1,110.00 (19.56) 1,835.56 3,330.00 (1,494.44) 18,875.00 17,039.44 90.3%17,114.83 13,851.77 3,263.06 48,720.30 42,448.43 6,271.87 221,115.00 173,383.96 78.4%Net Income(11,719.14) (7,494.60) (4,224.54) (35,101.80) (29,055.39) (6,046.41) (99,085.58) (62,974.66) 63.6%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetSeptember 20184 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group8,211.35 7,425.00 786.35 25,679.92 22,275.00 3,404.92 103,020.00 77,340.08 75.1%6311325 Insurance-Workers Comp2,179.54 1,941.00 238.54 6,660.66 5,953.00 707.66 26,974.00 20,313.34 75.3%6311720 Salaries12,476.92 12,476.92 - 37,430.76 37,430.76 - 146,400.00 108,969.24 74.4%6311800 Taxes-Employer Payroll4,256.35 6,729.00 (2,472.65) 12,589.63 20,635.00 (8,045.37) 94,048.00 81,458.37 86.6%6311880 Wages-Hourly42,555.03 39,282.08 3,272.95 124,033.75 121,296.24 2,737.51 564,695.00 440,661.25 78.0%6311882 Wages-Overtime1,706.48 - 1,706.48 9,179.94 - 9,179.94 12,350.00 3,170.06 25.7%Total-CM-SALARIES & BENEFITS71,385.67 67,854.00 3,531.67 215,574.66 207,590.00 7,984.66 947,487.00 731,912.34 77.2%63-CM-SUPPLIES & MATERIALS6313734 Chemicals187.51 4,200.00 (4,012.49) 3,706.99 4,580.00 (873.01) 17,760.00 14,053.01 79.1%6313744 Fertilizer8,840.90 9,880.00 (1,039.10) 22,134.01 17,850.00 4,284.01 100,520.00 78,385.99 78.0%6313745 Herbicides- 3,620.00 (3,620.00) 1,854.50 10,402.00 (8,547.50) 25,518.00 23,663.50 92.7%6313746 Flowers/Plants- 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline3,278.04 3,850.00 (571.96) 9,663.85 10,500.00 (836.15) 46,860.00 37,196.15 79.4%6313750 Golf Course Accessories- - - - - - 13,140.00 13,140.00 100.0%6313756 POA Control- 2,400.00 (2,400.00) - 2,400.00 (2,400.00) 9,900.00 9,900.00 100.0%6313758 Miscellaneous Supp198.02 750.00 (551.98) 780.16 2,250.00 (1,469.84) 4,350.00 3,569.84 82.1%6313762 Supplies-Office242.51 - 242.51 454.30 - 454.30 - (454.30) 0.0%6313774 Sand- 5,000.00 (5,000.00) 1,142.15 5,780.00 (4,637.85) 13,460.00 12,317.85 91.5%6313776 Seed- - - - - - 117,400.00 117,400.00 100.0%6313778 Small Tools & Non-Capital Equip770.99 2,000.00 (1,229.01) 836.23 2,200.00 (1,363.77) 5,000.00 4,163.77 83.3%6313780 Sod1,946.63 1,000.00 946.63 4,370.20 8,800.00 (4,429.80) 13,500.00 9,129.80 67.6%6313782 Topdressing- - - 3,582.99 2,200.00 1,382.99 10,000.00 6,417.01 64.2%Total-CM-SUPPLIES & MATERIALS15,464.60 33,700.00 (18,235.40) 48,525.38 67,962.00 (19,436.62) 380,458.00 331,932.62 87.2%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint3,850.00 3,850.00 - 11,530.00 11,550.00 (20.00) 46,200.00 34,670.00 75.0%6315685 CM-R&M-Bldngs & Othr Structures 131.32 550.00 (418.68) 1,002.87 2,550.00 (1,547.13) 5,550.00 4,547.13 81.9%6315690 CM-R&M-Equipment4,651.31 3,000.00 1,651.31 15,045.10 7,500.00 7,545.10 38,500.00 23,454.90 60.9%6315692 CM-R&M-Irrigation System2,515.46 1,500.00 1,015.46 7,988.59 9,400.00 (1,411.41) 19,050.00 11,061.41 58.1%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 3,705.97 3,000.00 705.97 10,500.00 6,794.03 64.7%6315815 CM-R&M-Trees-Pruning Etc5,190.00 5,500.00 (310.00) 5,190.00 5,500.00 (310.00) 12,050.00 6,860.00 56.9%Total-CM-REPAIRS & MAINTENANCE16,338.09 15,400.00 938.09 44,462.53 39,500.00 4,962.53 131,850.00 87,387.47 66.3%6317836 Utilities-Natural Gas/LPG 19.08 15.00 4.08 57.88 45.00 12.88 180.00 122.12 0.0%6317840 Telephones816.07 850.00 (33.93) 1,902.97 2,550.00 (647.03) 10,200.00 8,297.03 81.3%Total-CM-UTILITIES835.15 865.00 (29.85) 1,960.85 2,595.00 (634.15) 10,380.00 8,419.15 81.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 1,200.00 1,200.00 - 4,800.00 3,600.00 75.0%6319100 Contract Svcs-Soil/Tissue Test- 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 2,000.00 2,000.00 100.0%6319102 Contract Svcs-Trash Removal104.02 524.00 (419.98) 208.04 1,572.00 (1,363.96) 6,288.00 6,079.96 96.7%6319150 Dues & Subscriptions420.00 - 420.00 420.00 - 420.00 680.00 260.00 38.2%6319170 Employee Education- 50.00 (50.00) - 150.00 (150.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 150.00 (150.00) - 500.00 (500.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits252.05 - 252.05 827.05 100.00 727.05 4,300.00 3,472.95 80.8%6319490 Miscellaneous- 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training943.79 750.00 193.79 1,200.26 1,050.00 150.26 3,850.00 2,649.74 68.8%6319822 Uniforms1,020.61 920.00 100.61 2,729.80 2,760.00 (30.20) 11,040.00 8,310.20 75.3%Total-CM-OTHER EXPENSES3,140.47 3,894.00 (753.53) 6,585.15 8,632.00 (2,046.85) 41,458.00 34,872.85 84.1%SilverRock ResortCourse Maintenance Expense StatementAnnual BudgetSeptember 2018Month to DateYear to Date5 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,598.05 2,784.00 (185.95) 9,720.93 8,352.00 1,368.93 33,408.00 23,687.07 70.9%6321325 Insurance-Workers Comp495.35 484.00 11.35 1,860.89 1,484.00 376.89 5,955.00 4,094.11 68.8%6321800 Taxes-Employer Payroll881.89 1,678.00 (796.11) 2,569.36 5,144.00 (2,574.64) 20,793.00 18,223.64 87.6%6321880 Wages-Hourly12,776.75 12,904.00 (127.25) 38,827.23 39,572.00 (744.77) 156,528.00 117,700.77 75.2%6321882 Wages-Overtime408.00 - 408.00 1,229.69 - 1,229.69 3,418.00 2,188.31 64.0%Total-CM-LM-SALARIES & BENEFITS17,160.04 17,850.00 (689.96) 54,208.10 54,552.00 (343.90) 220,102.00 165,893.90 75.4%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 300.00 (300.00) 1,025.00 1,025.00 100.0%6323788 Uniforms243.41 290.00 (46.59) 711.98 870.00 (158.02) 3,480.00 2,768.02 79.5%Total-CM-LM-SUPPLIES & MATERIALS243.41 390.00 (146.59) 711.98 1,170.00 (458.02) 4,505.00 3,793.02 84.2%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) - 1,000.00 (1,000.00) 4,250.00 4,250.00 100.0%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) - 1,000.00 (1,000.00) 4,250.00 4,250.00 100.0%124,567.43 140,453.00 (15,885.57) 372,028.65 383,001.00 (10,972.35) 1,740,490.00 1,368,461.35 78.6% September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 12,598.28 11,232.00 1,366.28 41,612.79 35,872.00 5,740.79 179,791.00 138,178.21 76.9%6337842 Utilities-Water9,972.48 11,515.00 (1,542.52) 22,738.03 33,100.00 (10,361.97) 70,047.00 47,308.97 67.5%22,570.76 22,747.00 (176.24) 64,350.82 68,972.00 (4,621.18) 249,838.00 185,487.18 74.2%Silverrock ResortCourse Maintenance Water & EnergySeptember 2018Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementSeptember 2018Silverrock ResortAnnual BudgetMonth to DateYear to Date6 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group668.53 696.00 (27.47) 668.53 2,088.00 (1,419.47) 8,352.00 7,683.47 92.0%6411325 Insurance-Workers Comp588.84 350.63 238.21 1,521.81 894.10 627.71 6,172.00 4,650.19 75.3%6411800 Taxes-Employer Payroll943.91 1,164.08 (220.17) 2,754.15 2,968.39 (214.24) 20,493.00 17,738.85 86.6%6411880 Wages-Hourly10,029.63 9,350.00 679.63 28,972.02 23,842.50 5,129.52 164,599.00 135,626.98 82.4%6411882 Wages-Overtime53.94 - 53.94 129.91 - 129.91 - (129.91) 0.0%Total-CBR-SALARIES & BENEFITS12,284.8511,560.71724.14 34,046.42 29,792.99 4,253.43 199,616.00 165,569.58 82.9%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- - - - - - 1,850.00 `0.0%6413742 Supplies-Expendable- 150.00 (150.00) 113.10 1,350.00 (1,236.90) 6,750.00 6,636.90 98.3%6413748 Supplies-Fuel for Shuttle- 100.00 (100.00) - 100.00 (100.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - - - - 9,000.00 9,000.00 100.0%6413762 Supplies-Office- 25.00 (25.00) 14.67 75.00 (60.33) 525.00 510.33 97.2%6413768 Supplies-Printing and Stationary- - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels1,266.39 120.00 1,146.39 2,734.83 360.00 2,374.83 2,182.00 (552.83) -25.3%6413796 Supplies-Bottled Water227.29 100.00 127.29 6,085.06 4,600.00 1,485.06 12,900.00 6,814.94 52.8%Total-CBR-SUPPLIES & MATERIALS1,493.68 495.00 998.68 8,947.66 6,485.00 2,462.66 36,627.00 25,829.34 70.5%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment- 300.00 (300.00) - 900.00 (900.00) 3,600.00 3,600.00 100.0%6415695 CBR-R&M-Cart Maintenance & Repair 4,212.41 500.00 3,712.41 8,236.16 1,500.00 6,736.16 6,450.00 (1,786.16) -27.7%Total-CBR-REPAIRS & MAINTENANCE4,212.41 800.00 3,412.41 8,236.16 2,400.00 5,836.16 10,050.00 1,813.84 18.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen553.27 800.00 (246.73) 1,941.42 2,400.00 (458.58) 9,600.00 7,658.58 79.8%6419220 Freight/Delivery- 75.00 (75.00) - 225.00 (225.00) 450.00 450.00 100.0%6419490 Miscellaneous- 600.00 (600.00) 172.65 1,800.00 (1,627.35) 7,200.00 7,027.35 97.6%6419820 Uniforms- - - - - - 5,200.00 5,200.00 100.0%Total-CBR-OTHER EXPENSES553.27 1,475.00 (921.73) 2,114.07 4,425.00 (2,310.93) 22,450.00 20,335.93 90.6%TOTAL-CARTS,BAGROOM & RANGE18,544.2114,330.71(921.73) 53,344.31 43,102.99 10,241.32 268,743.00 213,548.69 79.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp495.35 142.16 353.19 933.01 384.10 548.91 2,630.00 1,696.99 64.5%6431800 Taxes-Employer Payroll294.85 492.83 (197.98) 849.21 1,331.53 (482.32) 9,117.00 8,267.79 90.7%6431880 Wages-Hourly3,817.00 3,791.00 26.00 10,271.25 10,242.50 28.75 70,133.00 59,861.75 85.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS4,607.20 4,425.99 181.21 12,053.47 11,958.13 95.34 81,880.00 69,826.53 85.3%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 82.64 200.00 (117.36) 1,050.00 967.36 92.1%6439490 Miscellaneous54.32 - 54.32 54.32 - 54.32 200.00 145.68 72.8%6439718 Safety Equipment & Training- 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6439820 Uniforms- 75.00 (75.00) - 225.00 (225.00) 2,125.00 2,125.00 100.0%Total-CS-OTHER EXPENSES54.32 225.00 (170.68) 136.96 575.00 (438.04) 3,975.00 3,838.04 96.6%Total-COURSE SERVICES4,661.52 4,650.99 10.53 12,190.43 12,533.13 (342.70) 85,855.00 73,664.57 85.8%23,205.7318,981.704,224.03 65,534.74 55,636.12 9,898.62 354,598.00 283,375.22 79.9%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetSeptember 20187 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 1,200.00 1,200.00 - 4,800.00 3,600.00 75.0%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 1,200.00 1,200.00 - 4,800.00 3,600.00 75.0%65-CH-UTILITIES6507836 Utilities-Natural Gas406.33 300.00 106.33 1,200.06 900.00 300.06 3,600.00 2,399.94 66.7%6507840 Utilities-Telephone1,195.48 1,150.00 45.48 2,379.10 3,450.00 (1,070.90) 13,800.00 11,420.90 82.8%6507842 Utilities-Water907.10 321.00 586.10 2,539.51 963.00 1,576.51 3,852.00 1,312.49 34.1%6507844 Utilities-Cable495.80 380.00 115.80 1,487.48 1,140.00 347.48 4,560.00 3,072.52 67.4%Total-CH-UTILITIES3,004.71 2,151.00 853.71 7,606.15 6,453.00 1,153.15 25,812.00 18,205.85 70.5%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning275.00 1,825.00 (1,550.00) 1,300.00 5,475.00 (4,175.00) 22,500.00 21,200.00 94.2%6509099 Contract Services-Security5,608.56 5,000.00 608.56 16,249.49 15,000.00 1,249.49 60,000.00 43,750.51 72.9%6509215 Flowers & Decorations- - - - - - 1,900.00 1,900.00 100.0%6509490 Miscellaneous21.59 200.00 (178.41) 256.59 600.00 (343.41) 7,000.00 6,743.41 96.3%6509718 Safety Equipment & Training- 100.00 (100.00) 251.47 300.00 (48.53) 1,200.00 948.53 79.0%Total-CH-OTHER EXPENSES5,905.15 7,125.00 (1,219.85)18,057.55 21,375.00 (3,317.45) 92,600.00 74,542.45 80.5%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures906.10 300.00 606.10 3,773.95 900.00 2,873.95 3,600.00 (173.95) -4.8%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) - 1,200.00 (1,200.00) 4,800.00 4,800.00 100.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) - 1,200.00 (1,200.00) 4,800.00 4,800.00 100.0%Total-CH-REPAIRS & MAINTENANCE906.10 1,100.00 (193.90) 3,773.95 3,300.00 473.95 13,200.00 9,426.05 71.4%10,215.96 10,776.00(560.04) 30,637.65 32,328.00 (1,690.35) 136,412.00 18,852.10 13.8%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetSeptember 20188 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 355.89 348.00 7.89 1,067.67 1,044.00 23.67 4,176.00 3,108.33 74.4%6601325 Insurance-Workers Comp94.00 94.00 - 292.17 282.00 10.17 1,129.00 836.83 74.1%6601720 Salaries1,905.20 2,508.00 (602.80) 5,715.60 7,524.00 (1,808.40) 30,096.00 24,380.40 81.0%6601800 Taxes-Employer Payroll145.20 326.00 (180.80) 435.60 978.00 (542.40) 3,912.00 3,476.40 88.9%Total-MKT-SALARIES & BENEFITS2,500.29 3,276.00 (775.71) 7,511.04 9,828.00 (2,316.96) 39,313.00 31,801.96 80.9%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 67.37 100.00 (32.63) 487.59 300.00 187.59 1,200.00 712.41 59.4%6603768 Supplies-Printing & Stationery 122.60 200.00 (77.40) 928.16 200.00 728.16 4,425.00 3,496.84 79.0%189.97 300.00 (110.03) 1,415.75 500.00 915.75 5,625.00 4,209.25 74.8%66-MKT-UTILITIES6607840 Utilities-Telephone 148.49 100.00 48.49 1,674.38 300.00 1,374.38 1,200.00 (474.38) -39.5%Total-MKT-UTILITIES148.49 100.00 48.49 1,674.38 300.00 1,374.38 1,200.00 (474.38) -39.5%66-MKT-OTHER EXPENSES6609010 Advertising12,314.36 10,697.00 1,617.36 21,351.29 18,187.00 3,164.29 169,987.00 148,635.71 87.4%6609040 Business Meals- 25.00 (25.00) - 75.00 (75.00) 300.00 300.00 100.0%6609080 Collateral Material2,289.75 - 2,289.75 4,579.50 - 4,579.50 5,500.00 920.50 16.7%6609102 Contract Services-Web Page- 150.00 (150.00) 99.00 450.00 (351.00) 1,800.00 1,701.00 94.5%6609490 Miscellaneous- - - - - - 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6609630 Promotion700.00 - 700.00 700.00 - 700.00 700.00 - 0.0%6609633 Promotion-Community913.85 75.00 838.85 913.85 225.00 688.85 2,250.00 1,336.15 59.4%6609634 Promotion-Media/Vendor- - - - - - 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- - - - - - 735.00 735.00 100.0%6609820 Uniforms- - - - - - 600.00 600.00 100.0%Total-MKT-OTHER EXPENSES16,217.96 10,997.00 5,220.96 27,643.64 19,087.00 8,556.64 183,822.00 156,178.36 85.0%19,056.71 14,673.00 4,383.71 38,244.81 29,715.00 8,529.81 229,960.00 191,715.19 83.4%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetSeptember 20189 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,376.47 1,509.00 867.47 6,610.59 4,527.00 2,083.59 18,108.00 11,497.41 63.5%6701325 Insurance-Workers Comp597.26 610.00 (12.74) 1,609.10 1,852.00 (242.90) 7,905.00 6,295.90 79.6%6701720 Salaries11,494.80 13,851.00 (2,356.20) 34,484.40 40,953.00 (6,468.60) 177,996.00 143,511.60 80.6%6701800 Taxes-Employer Payroll1,090.38 2,115.00 (1,024.62) 3,246.68 6,423.00 (3,176.32) 32,800.00 29,553.32 90.1%6701880 Wages-Hourly2,769.00 2,415.00 354.00 7,987.50 8,447.00 (459.50) 27,404.00 19,416.50 70.9%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS18,327.91 20,500.00 (2,172.09) 53,938.27 62,202.00 (8,263.73) 264,213.00 210,274.73 79.6%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer200.87 500.00 (299.13) 323.01 1,500.00 (1,176.99) 6,300.00 5,976.99 94.9%6703762 Supplies-Office94.23 105.00 (10.77) 187.47 315.00 (127.53) 1,260.00 1,072.53 85.1%6703768 Supplies-Printing & Stationery177.45 100.00 77.45 713.37 300.00 413.37 3,300.00 2,586.63 78.4%Total-G&A-SUPPLIES & MATERIALS472.55 705.00 (232.45) 1,223.85 2,115.00 (891.15) 10,860.00 9,636.15 88.7%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 630.00 200.00 430.00 1,900.00 1,270.00 66.8%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 630.00 200.00 430.00 1,900.00 1,270.00 66.8%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 1,500.00 1,500.00 - 6,000.00 4,500.00 75.0%6709150 Dues & Subscriptions- 200.00 (200.00) 180.00 250.00 (70.00) 1,150.00 970.00 84.3%6709180 Employee Recruiting/Relocation60.00 150.00 (90.00) 150.00 150.00 - 1,200.00 1,050.00 87.5%6709197 Equipment Rental305.11 550.00 (244.89) 1,216.85 1,650.00 (433.15) 6,600.00 5,383.15 81.6%6709202 Fees-Bank75.86 90.00 (14.14) 202.89 270.00 (67.11) 1,080.00 877.11 81.2%6709208 Fees-Payroll Processing358.90 1,000.00 (641.10) 1,056.35 3,000.00 (1,943.65) 12,000.00 10,943.65 91.2%6709220 Freight/Delivery- 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0%6709490 Miscellaneous21.72 100.00 (78.28) 189.53 300.00 (110.47) 6,600.00 6,410.47 97.1%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services- 75.00 (75.00) 276.60 225.00 51.60 900.00 623.40 69.3%6709625 Professional Fees- 850.00 (850.00) 2,160.00 2,550.00 (390.00) 10,200.00 8,040.00 78.8%6709636 Promotion/Entertainment- 100.00 (100.00) - 300.00 (300.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training250.00 200.00 50.00 250.00 600.00 (350.00) 2,400.00 2,150.00 89.6%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms244.50 75.00 900.00 244.50 225.00 19.50 1,050.00 805.50 76.7%Total-G&A-OTHER EXPENSES1,816.09 3,940.00 (1,393.41) 7,426.72 11,270.00 (3,843.28) 52,080.00 44,653.28 85.7%20,616.55 25,245.00 (4,628.45) 63,218.84 75,787.00 (12,568.16) 329,053.00 265,834.16 80.8%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetSeptember 201810 September Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense68-LEASES6800192 Equipment Leases-Carts9,829.28 10,050.00 (220.72) 29,487.82 30,150.00 (662.18) 121,050.00 91,562.18 75.6%6800193 Equipment Leases-Maintenance 9,181.20 9,500.00 (318.80) 27,543.60 28,500.00 (956.40) 114,000.00 86,456.40 75.8%6800194 Equipment Leases-Trailer918.07 600.00 318.07 2,159.21 1,800.00 359.21 7,200.00 5,040.79 70.0%6800196 Equipment Leases-GPS3,870.00 3,900.00 (30.00) 11,610.00 11,700.00 (90.00) 46,800.00 35,190.00 75.2%6800197 Equipment Leases-Others2,029.13 1,150.00 879.13 6,150.51 3,450.00 2,700.51 20,200.00 14,049.49 0.0%25,827.68 25,200.00627.68 76,951.14 75,600.00 1,351.14 309,250.00 232,298.8675.1%69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,500.00 9,500.00 - 28,500.00 28,500.00 - 114,000.00 85,500.00 75.0%6900210 FF&E Reserve2,883.60 2,438.07 445.53 6,150.82 5,276.51 874.31 68,026.00 61,875.18 91.0%6900800 Personal Property Taxes61.95 4,000.00 (3,938.05) 14,738.21 9,200.00 5,538.21 11,800.00 (2,938.21) -24.9%6900323 Insurance-Commercial525.00 4,000.00 (3,475.00) 9,557.93 12,000.00 (2,442.07) 48,000.00 38,442.07 80.1%12,970.55 19,938.07(6,967.52) 58,946.96 54,976.51 3,970.45 241,826.00 182,879.0475.6%Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to Date Year to DateSeptember 201811