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02 August 2019 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2019 – August 2019 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 August 2019 Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue62,710.49 75,453.00 (12,742.51) -16.9% 140,191.38 147,504.00 (7,312.62) 3,209,134.00 3,068,942.62 4%401000 Miscellaneous Golf Revenue4,194.00 2,421.00 1,773.00 73.2% 11,085.00 4,781.00 6,304.00 300,066.00 288,981.00 4%410000 Revenue-Golf Shop7,331.89 6,867.00 464.89 6.8% 16,893.57 15,027.00 1,866.57 249,256.00 232,362.43 7%420000 Revenue-F&B Concession500.00 500.00 - 0.0%1,000.00 1,000.00 - 12,000.00 11,000.00 8%890000 Interest Income0.06 - 0.06 0.0%0.11 - 0.11 - (0.11) 0%Total Income74,736.44 85,241.00 (10,504.56) -12.3% 169,170.06 168,312.00 858.06 3,770,456.00 3,601,285.94 4%Cost of Goods Sold510000 COS-Golf Shop4,107.88 3,855.86 252.02 -6.5% 10,220.60 8,440.31 (1,780.29) 139,509.00 129,288.40 7%Total COS4,107.88 3,855.86 252.02 -6.5% 10,220.60 8,440.31 (1,780.29) 139,509.00 129,288.40 7%Gross Profit70,628.56 81,385.14 (10,756.58) -13.2% 158,949.46 159,871.69 (922.23) 3,630,947.00 3,471,997.54 4%Expenses610000 Golf Pro Shop14,436.04 13,569.00 867.04 -6.4% 29,560.69 27,138.00 2,422.69 208,393.00 178,832.31 14%630000 Course Maintenance111,246.31 118,045.00 (6,798.69) 5.8% 221,960.67 250,924.00 (28,963.33) 1,783,663.00 1,561,702.33 12%633000 Maintenance Water & Energy24,629.59 22,810.00 1,819.59 -8.0% 48,493.62 46,225.00 2,268.62 249,838.00 201,344.38 19%640000 Outside Services24,060.19 19,100.00 4,960.19 -26.0% 48,042.50 40,332.00 7,710.50 396,373.00 348,330.50 12%650000 Clubhouse13,387.41 9,901.00 3,486.41 -35.2% 23,063.89 19,802.00 3,261.89 125,312.00 102,248.11 18%660000 Marketing11,831.19 7,267.00 4,564.19 -62.8% 23,424.44 14,534.00 8,890.44 222,203.00 198,778.56 11%670000 General & Administrative21,165.88 28,223.00 (7,057.12) 25.0% 46,061.60 55,522.00 (9,460.40) 360,401.00 314,339.40 13%680000 Leases24,084.41 24,900.00 (815.59) 3.3% 49,688.11 49,800.00 (111.89) 313,250.00 263,561.89 16%690000 Miscellaneous Other Expense14,686.85 13,880.00 806.85 -5.8% 35,112.86 32,960.00 2,152.86 178,360.00 143,247.14 20%Total Expenses259,527.87 257,695.00 1,832.87 -0.7% 525,408.38 537,237.00 11,828.62 3,837,793.00 3,312,384.62 14%(188,899.31) (176,309.86) (12,589.45) -7.1%(366,458.92) (377,365.31) 10,906.39 (206,846.00) 159,612.92 0%Rounds of Golf PlayedPaid Rounds Played1,894 2,113 (219) -10.4%4,353 4,513 (160) 43,667 39,314 10%Ave $ Per Paid Round Green Fee33.11 35.71 (2.60) -7.3%32.21 32.68 (0.48) 73.49 41.29 44%Ave $ Per Paid Round Merchandise3.87 3.25 0.62 19.1%3.88 3.33 0.55 5.71 1.83 68%Ave $ Per Paid Miscellaneous 2.21 1.15 1.07 93.3%2.55 1.06 1.49 6.87 4.33 37%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateAugust 20191 Income August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees62,710.49 75,453.00 (12,742.51) 140,191.38 147,504.00 (7,312.62) 3,209,134.00 3,068,942.62 95.6%4010000 Rider Fee515.00 124.00 391.00 1,285.00 225.00 1,060.00 7,807.00 6,522.00 83.5%4040000 Club Rental750.00 620.00 130.00 2,240.00 1,124.00 1,116.00 21,087.00 18,847.00 89.4%4050000 Driving Range1,380.00 1,177.00 203.00 3,061.00 1,932.00 1,129.00 94,872.00 91,811.00 96.8%4060000 Handicap Fees249.00 - 249.00 249.00 - 249.00 2,500.00 2,251.00 90.0%4090000 Ball Retriever/Subcontract- - - 550.00 500.00 50.00 2,500.00 1,950.00 78.0%4091000 Golf Professional Rental Fee- - - - - - 6,000.00 6,000.00 100.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue1,300.00 500.00 800.00 3,700.00 1,000.00 2,700.00 165,300.00 161,600.00 97.8% Total Revenue Fees66,904.49 77,874.00 (10,969.51) 151,276.38 152,285.00 (1,008.62) 3,509,200.00 3,357,923.62 95.7%66,904.49 77,874.00 (10,969.51) 151,276.38 152,285.00 (1,008.62) 3,509,200.00 3,357,923.62 95.7%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetAugust 20192 RevenuesActual BudgetVariance$62,710.49$75,453.00(12,742.51)Unfavorable: Due to a very humid month. The temperatures plus the humidity made it bad for rounds played.Actual BudgetVariance$4,194.00 $2,421.001,773.00Favorable: Due to increase in resident card issuance. Also, driving range and rider fees were higher than anticipated.ExpensesActual BudgetVariance$24,060.19 $19,100.004,960.19Unfavorable: Due to an increase in expenses for maintenance of golf carts. This is the final year for this fleet and extra maintenance is required. Also,labor higher due to temporary cart barn setup and stage.Actual BudgetVariance$13,387.41 $9,901.003,486.41Unfavorable: Due to increase in natural gas after refit of the clubhouse to propane tank versus natural gas. Also, increase in maintenance of Clubhouse for Air Conditioning services.Actual BudgetVariance$11,831.19 $7,267.004,564.19Unfavorable: Due to ordering tees, pencils, divot tools early. Budgeted amount was for October. Also, advertising higher due to timing of invoices.Actual BudgetVariance$21,165.88 $28,223.00(7,057.12)Favorable: Due to reduced payroll, Administrative assistant down to 3 days. Also, line items spending down while relocating Administrative offices.Outside ServicesClubhouseGeneral and AdministrativeMarketingVariance ExplanationAugust 2019The 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 Revenue3-20-133 Income August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous107.00 - 107.00 1,203.19 - 1,203.19 00 0%4100110 Sales Hard Goods3,587.01 1,717.00 1,870.01 7,903.65 3,757.00 4,146.65 62,314.00 54,410.35 87.3%4100112 Sales-Soft Goods4,301.94 5,150.00 (848.06) 9,650.94 11,270.00 (1,619.06) 186,942.00 177,291.06 94.8%5100639 GS-Discounts-Mdse(664.06) - (664.06) (1,864.21) - (1,864.21) - 1,864.21 0.0% Total Revenue Golf Shop7,331.89 6,867.00 464.89 16,893.57 15,027.00 1,866.57 249,256.00 233,565.62 93.7%COS 5100150 COS-GS-Hard Goods1,981.79 1,000.00 981.79 4,586.83 2,189.00 2,397.83 34,877.15 30,290.32 86.8%5100151 COS-GS-Soft Goods2,082.26 3,001.00 (918.74) 5,587.02 6,569.00 (981.98) 104,631.44 99,044.42 94.7%5100152 COS-GS-Purchase Disc(8.50) (207.35) 198.85 (29.22) (453.85) 424.63 (7,228.00) (7,198.78) 99.6%5100220 COS-GS-Freight Merch52.33 62.21 (9.88) 75.97 136.16 (60.19) 2,169.00 2,093.03 96.5%Cost of Sales - Golf Shop4,107.88 3,855.86 252.02 10,220.60 8,440.31 1,780.29 134,449.59 124,228.99 92.4%Gross Profit 3,224.01 3,011.14 212.87 6,672.97 6,586.69 86.28 114,806.41 109,336.63 95.2%COS % 56.0% 56.2% 0.1% 60.5% 56.2% -4.3% 53.1% 53.2% 100.2%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group403.91 490.00 (86.09) 593.63 980.00 (386.37) 5,880.00 5,286.37 89.9%6101325 Insurance-Workers Comp 585.60 395.00 190.60 1,285.39 790.00 495.39 6,054.00 4,768.61 78.8%6101720 Salaries5,008.16 4,400.00 608.16 10,016.32 8,800.00 1,216.32 65,000.00 54,983.68 84.6%6101800 Taxes-Employer Payroll934.49 1,052.00 (117.51) 1,942.01 2,104.00 (161.99) 16,144.00 14,201.99 88.0%6101880 Wages-Hourly7,071.50 6,122.00 949.50 14,952.38 12,244.00 2,708.38 98,874.00 83,921.62 84.9%6101882 Wages-Overtime184.14 - 184.14 209.64 - 209.64 - 952.88 0.0%Total -PS-SALARIES & BENEFITS14,187.80 12,459.00 1,728.80 28,999.37 24,918.00 4,081.37 191,952.00 164,115.15 85.5%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - - - 0.0%6103762 Supplies-Office68.40 250.00 (181.60) 99.40 500.00 (400.60) 3,000.00 2,900.60 96.7%6109220 Freight & Delivery- - - - - - 75.00 75.00 100.0%6109490 Miscellaneous137.00 500.00 (363.00) 259.29 1,000.00 (740.71) 6,000.00 5,740.71 95.7%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(5.34) - (5.34) 0.85 - 0.85 - (0.85) 0.0%6109722 Seminars/Training- 150.00 (150.00) - 300.00 (300.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms- 100.00 (100.00) 105.42 200.00 (94.58) 2,400.00 2,294.58 95.6%6117840 Telephones48.18 110.00 (61.82) 96.36 220.00 (123.64) 1,320.00 1,223.64 92.7%248.24 1,110.00 (861.76) 561.32 2,220.00 (1,658.68) 18,875.00 18,313.68 97.0%14,436.04 13,569.00 867.04 29,560.69 27,138.00 2,422.69 210,827.00 182,428.83 86.5%Net Income(11,212.03) (10,557.86) (654.17) (22,887.72) (20,551.31) (2,336.41) (96,020.59) (73,092.20) 76.1%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetAugust 20194 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group11,379.38 9,810.00 1,569.38 18,364.33 19,620.00 (1,255.67) 117,720.00 99,355.67 84.4%6311325 Insurance-Workers Comp2,216.88 1,964.00 252.88 4,897.76 3,928.00 969.76 28,929.00 24,031.24 83.1%6311720 Salaries13,012.76 12,480.00 532.76 26,025.52 24,960.00 1,065.52 166,400.00 140,374.48 84.4%6311800 Taxes-Employer Payroll3,911.54 5,239.00 (1,327.46) 6,244.79 10,478.00 (4,233.21) 77,767.00 71,522.21 92.0%6311880 Wages-Hourly33,924.80 39,906.00 (5,981.20) 74,038.78 79,812.00 (5,773.22) 592,769.00 518,730.22 87.5%6311882 Wages-Overtime3,321.40 - 3,321.40 7,342.53 - 7,342.53 18,500.00 11,157.47 60.3%Total-CM-SALARIES & BENEFITS67,766.76 69,399.00 (1,632.24) 136,913.71 138,798.00 (1,884.29) 1,002,085.00 865,171.29 86.3%63-CM-SUPPLIES & MATERIALS6313734 Chemicals4,645.92 190.00 4,455.92 4,645.92 13,944.00 (9,298.08) 50,060.00 45,414.08 90.7%6313744 Fertilizer5,767.11 4,100.00 1,667.11 8,377.11 9,970.00 (1,592.89) 104,520.00 96,142.89 92.0%6313745 Herbicides953.83 - 953.83 953.83 - 953.83 - (953.83) 0.0%6313746 Flowers/Plants- - - - - - 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline3,277.85 3,450.00 (172.15) 6,757.00 6,650.00 107.00 46,860.00 40,103.00 85.6%6313750 Golf Course Accessories- - - - - - 13,140.00 13,140.00 100.0%6313756 POA Control160.00 - 160.00 160.00 - 160.00 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp550.69 750.00 (199.31) 996.13 1,500.00 (503.87) 4,350.00 3,353.87 77.1%6313762 Supplies-Office23.78 - 23.78 46.56 - 46.56 - (46.56) 0.0%6313774 Sand112.29 390.00 (277.71) 112.29 780.00 (667.71) 13,460.00 13,347.71 99.2%6313776 Seed- - - - - - 117,400.00 117,400.00 100.0%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 1,019.48 200.00 819.48 5,000.00 3,980.52 79.6%6313780 Sod1,038.57 4,500.00 (3,461.43) 1,827.02 9,800.00 (7,972.98) 15,500.00 13,672.98 88.2%6313782 Topdressing- 2,200.00 (2,200.00) - 2,200.00 (2,200.00) 10,000.00 10,000.00 100.0%Total-CM-SUPPLIES & MATERIALS16,530.04 15,680.00 850.04 24,895.34 45,044.00 (20,148.66) 393,240.00 368,344.66 93.7%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint4,550.00 3,850.00 700.00 8,050.00 7,700.00 350.00 30,800.00 22,750.00 73.9%6315685 CM-R&M-Bldngs & Othr Structures 191.25 750.00 (558.75) 486.87 2,000.00 (1,513.13) 5,550.00 5,063.13 91.2%6315690 CM-R&M-Equipment4,529.56 2,500.00 2,029.56 8,525.51 4,500.00 4,025.51 38,500.00 29,974.49 77.9%6315692 CM-R&M-Irrigation System2,198.03 3,500.00 (1,301.97) 3,375.57 7,900.00 (4,524.43) 19,050.00 15,674.43 82.3%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 663.05 2,000.00 (1,336.95) 10,500.00 9,836.95 93.7%6315815 CM-R&M-Trees-Pruning Etc- - - - - - 12,050.00 12,050.00 100.0%Total-CM-REPAIRS & MAINTENANCE11,468.84 11,600.00 (131.16) 21,101.00 24,100.00 (2,999.00) 116,450.00 95,349.00 81.9%6317836 Utilities-Natural Gas/LPG59.53 15.00 44.53 59.53 30.00 29.53 180.00 120.47 0.0%6317840 Telephones241.49 850.00 (608.51) 1,074.22 1,700.00 (625.78) 10,200.00 9,125.78 89.5%Total-CM-UTILITIES301.02 865.00 (563.98) 1,133.75 1,730.00 (596.25) 10,380.00 9,246.25 89.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 800.00 800.00 - 4,800.00 4,000.00 83.3%6319100 Contract Svcs-Soil/Tissue Test- - - - - - 2,000.00 2,000.00 100.0%6319102 Contract Svcs-Trash Removal- 524.00 (524.00) - 1,048.00 (1,048.00) 6,288.00 6,288.00 100.0%6319150 Dues & Subscriptions- - - - - - 680.00 680.00 100.0%6319170 Employee Education- 50.00 (50.00) - 100.00 (100.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 150.00 (150.00) - 350.00 (350.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits10.00 - 10.00 585.00 100.00 485.00 4,300.00 3,715.00 86.4%6319490 Miscellaneous- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training- 100.00 (100.00) - 300.00 (300.00) 3,850.00 3,850.00 100.0%6319822 Uniforms1,189.83 920.00 269.83 2,734.64 1,840.00 894.64 11,040.00 8,305.36 75.2%Total-CM-OTHER EXPENSES1,599.83 2,244.00 (644.17) 4,119.64 4,738.00 (618.36) 41,458.00 37,338.36 90.1%Month to DateYear to DateSilverRock ResortCourse Maintenance Expense StatementAnnual BudgetAugust 20195 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 142.25 2,450.00 (2,307.75) 3,692.73 4,900.00 (1,207.27) 29,400.00 25,707.27 87.4%6321325 Insurance-Workers Comp742.80 500.00 242.80 1,485.60 1,000.00 485.60 5,955.00 4,469.40 75.1%6321800 Taxes-Employer Payroll872.95 1,333.00 (460.05) 1,352.58 2,666.00 (1,313.42) 15,995.00 14,642.42 91.5%6321880 Wages-Hourly10,720.00 13,334.00 (2,614.00) 23,576.00 26,668.00 (3,092.00) 156,528.00 132,952.00 84.9%6321882 Wages-Overtime847.88 - 847.88 1,638.38 - 1,638.38 3,418.00 1,779.62 52.1%Total-CM-LM-SALARIES & BENEFITS13,325.88 17,617.00 (4,291.12) 31,745.29 35,234.00 (3,488.71) 211,296.00 179,550.71 85.0%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 200.00 (200.00) 1,025.00 1,025.00 100.0%6323788 Uniforms253.94 290.00 (36.06) 253.94 580.00 (326.06) 3,480.00 3,226.06 92.7%Total-CM-LM-SUPPLIES & MATERIALS253.94 390.00 (136.06) 253.94 780.00 (526.06) 4,505.00 4,251.06 94.4%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) 1,798.00 500.00 1,298.00 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) 1,798.00 500.00 1,298.00 4,250.00 2,452.00 57.7%111,246.31 118,045.00 (6,798.69) 221,960.67 250,924.00 (28,963.33) 1,783,664.00 1,561,703.33 87.6%August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 16,664.36 11,290.00 5,374.36 32,723.57 24,640.00 8,083.57 179,791.00 147,067.43 81.8%6337842 Utilities-Water7,965.23 11,520.00 (3,554.77) 15,770.05 21,585.00 (5,814.95) 70,047.00 54,276.95 77.5%24,629.59 22,810.00 1,819.59 48,493.62 46,225.00 2,268.62 249,838.00 201,344.38 80.6%Total-COURSE MAINTENANCECourse Maintenance Expense StatementAugust 2019Silverrock ResortAnnual BudgetMonth to Date Year to DateSilverrock ResortCourse Maintenance Water & EnergyAugust 2019Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group278.29 304.00 (25.71) 556.58 608.00 (51.42) 3,648.00 3,091.42 84.7%6411325 Insurance-Workers Comp382.72 337.00 45.72 765.44 742.00 23.44 7,482.00 6,716.56 89.8%6411800 Taxes-Employer Payroll888.25 1,118.00 (229.75) 1,831.12 2,464.00 (632.88) 24,841.00 23,009.88 92.6%6411880 Wages-Hourly10,542.26 8,976.00 1,566.26 21,651.76 19,788.00 1,863.76 199,524.00 177,872.24 89.1%6411882 Wages-Overtime166.50 - 166.50 261.00 - 261.00 - (261.00) 0.0%Total-CBR-SALARIES & BENEFITS12,258.02 10,735.001,523.02 25,065.90 23,602.00 1,463.90 235,495.00 210,429.10 89.4%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts- - - - - - 1,850.00 `0.0%6413742 Supplies-Expendable- 600.00 (600.00) - 1,200.00 (1,200.00) 6,750.00 6,750.00 100.0%6413748 Supplies-Fuel for Shuttle- - - - - - 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - - - - 10,000.00 10,000.00 100.0%6413762 Supplies-Office- 25.00 (25.00) - 50.00 (50.00) 525.00 525.00 100.0%6413768 Supplies-Printing and Stationary- - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels400.00 120.00 280.00 640.00 240.00 400.00 2,182.00 1,542.00 70.7%6413796 Supplies-Bottled Water1,669.03 1,500.00 169.03 3,040.37 3,000.00 40.37 19,900.00 16,859.63 84.7%Total-CBR-SUPPLIES & MATERIALS2,069.03 2,245.00 (175.97) 3,680.37 4,490.00 (809.63) 44,627.00 39,096.63 87.6%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment275.00 300.00 (25.00) 275.00 600.00 (325.00) 3,600.00 3,325.00 92.4%6415695 CBR-R&M-Cart Maintenance & Repair 2,454.69 500.00 1,954.69 5,252.22 1,000.00 4,252.22 6,450.00 1,197.78 18.6%Total-CBR-REPAIRS & MAINTENANCE2,729.69 800.00 1,929.69 5,527.22 1,600.00 3,927.22 10,050.00 4,522.78 45.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,059.77 800.00 259.77 1,672.85 1,600.00 72.85 9,600.00 7,927.15 82.6%6419220 Freight/Delivery- 75.00 (75.00) - 150.00 (150.00) 450.00 450.00 100.0%6419490 Miscellaneous767.15 600.00 167.15 819.81 1,200.00 (380.19) 7,200.00 6,380.19 88.6%6419820 Uniforms- - - - - - 5,200.00 5,200.00 100.0%Total-CBR-OTHER EXPENSES1,826.92 1,475.00 351.92 2,492.66 2,950.00 (457.34) 22,450.00 19,957.34 88.9%TOTAL-CARTS,BAGROOM & RANGE18,883.66 15,255.00351.92 36,766.15 32,642.00 4,124.15 312,622.00 274,005.85 87.6%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp242.80 121.00 121.80 485.60 242.00 243.60 2,630.00 2,144.40 81.5%6431800 Taxes-Employer Payroll463.73 323.00 140.73 1,007.75 646.00 361.75 7,013.00 6,005.25 85.6%6431880 Wages-Hourly3,524.00 3,226.00 298.00 8,837.00 6,452.00 2,385.00 70,133.00 61,296.00 87.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS4,230.53 3,670.00 560.53 10,330.35 7,340.00 2,990.35 79,776.00 69,445.65 87.1%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 50.00 (50.00) - 100.00 (100.00) 1,050.00 1,050.00 100.0%6439490 Miscellaneous- - - - - - 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0%6439820 Uniforms946.00 75.00 871.00 946.00 150.00 796.00 2,125.00 1,179.00 55.5%Total-CS-OTHER EXPENSES946.00 175.00 771.00 946.00 350.00 596.00 3,975.00 3,029.00 76.2%Total-COURSE SERVICES5,176.53 3,845.00 1,331.53 11,276.35 7,690.00 3,586.35 83,751.00 72,474.65 86.5%24,060.19 19,100.004,960.19 48,042.50 40,332.00 7,710.50 396,373.00 343,451.50 86.6%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetAugust 20197 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 800.00 800.00 - 4,800.00 4,000.00 83.3%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 800.00 800.00 - 4,800.00 4,000.00 83.3%65-CH-UTILITIES6507836 Utilities-Natural Gas3,424.43 850.00 2,574.43 3,580.81 1,700.00 1,880.81 10,200.00 6,619.19 64.9%6507840 Utilities-Telephone- 1,150.00 (1,150.00) 1,213.79 2,300.00 (1,086.21) 13,800.00 12,586.21 91.2%6507842 Utilities-Water749.01 321.00 428.01 2,139.85 642.00 1,497.85 3,852.00 1,712.15 44.4%6507844 Utilities-Cable509.62 380.00 129.62 1,019.24 760.00 259.24 4,560.00 3,540.76 77.6%Total-CH-UTILITIES4,683.06 2,701.00 1,982.06 7,953.69 5,402.00 2,551.69 32,412.00 24,458.31 75.5%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning680.00 400.00 280.00 960.00 800.00 160.00 4,800.00 3,840.00 80.0%6509099 Contract Services-Security5,505.92 5,000.00 505.92 10,380.96 10,000.00 380.96 60,000.00 49,619.04 82.7%6509215 Flowers & Decorations- - - - - - 1,900.00 1,900.00 100.0%6509490 Miscellaneous238.47 200.00 38.47 266.68 400.00 (133.32) 7,000.00 6,733.32 96.2%6509718 Safety Equipment & Training- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%Total-CH-OTHER EXPENSES6,424.39 5,700.00 724.39 11,607.64 11,400.00 207.64 74,900.00 63,292.36 84.5%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures1,329.96 300.00 1,029.96 2,152.56 600.00 1,552.56 3,600.00 1,447.44 40.2%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) - 800.00 (800.00) 4,800.00 4,800.00 100.0%6515690 CH-R&M-Equipment Repair550.00 400.00 150.00 550.00 800.00 (250.00) 4,800.00 4,250.00 88.5%Total-CH-REPAIRS & MAINTENANCE1,879.96 1,100.00 779.96 2,702.56 2,200.00 502.56 13,200.00 10,497.44 79.5%13,387.41 9,901.00 3,486.41 23,063.89 19,802.00 3,261.89 125,312.00 20,994.88 16.8%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetAugust 20198 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 797.82 696.00 101.82 4,176.00 3,378.18 80.9%6601325 Insurance-Workers Comp108.20 94.00 14.20 210.70 188.00 22.70 1,129.00 918.30 81.3%6601720 Salaries2,415.00 2,508.00 (93.00) 4,830.00 5,016.00 (186.00) 30,096.00 25,266.00 84.0%6601800 Taxes-Employer Payroll243.40 251.00 (7.60) 486.80 502.00 (15.20) 3,010.00 2,523.20 83.8%Total-MKT-SALARIES & BENEFITS3,165.51 3,201.00 (35.49) 6,325.32 6,402.00 (76.68) 38,411.00 32,085.68 83.5%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 67.37 100.00 (32.63) 67.37 200.00 (132.63) 1,200.00 1,132.63 94.4%6603768 Supplies-Printing & Stationery362.66 - 362.66 790.77 - 790.77 4,425.00 3,634.23 82.1%430.03 100.00 330.03 858.14 200.00 658.14 5,625.00 4,766.86 84.7%66-MKT-UTILITIES6607840 Utilities-Telephone 41.45 100.00 (58.55) 161.45 200.00 (38.55) 1,200.00 1,038.55 86.5%Total-MKT-UTILITIES41.45 100.00 (58.55) 161.45 200.00 (38.55) 1,200.00 1,038.55 86.5%66-MKT-OTHER EXPENSES6609010 Advertising5,096.00 3,566.00 1,530.00 12,363.50 7,132.00 5,231.50 163,133.00 150,769.50 92.4%6609040 Business Meals- 25.00 (25.00) - 50.00 (50.00) 300.00 300.00 100.0%6609080 Collateral Material2,900.20 - 2,900.20 2,900.20 - 2,900.20 5,500.00 2,599.80 47.3%6609102 Contract Services-Web Page198.00 150.00 48.00 693.00 300.00 393.00 1,800.00 1,107.00 61.5%6609490 Miscellaneous- - - - - - 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0%6609630 Promotion- - - - - - 700.00 700.00 100.0%6609633 Promotion-Community- 75.00 (75.00) - 150.00 (150.00) 2,250.00 2,250.00 100.0%6609634 Promotion-Media/Vendor- - - - - - 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- - - - - - 735.00 735.00 100.0%6609820 Uniforms- - - 122.83 - 122.83 600.00 477.17 79.5%Total-MKT-OTHER EXPENSES8,194.20 3,866.00 4,328.20 16,079.53 7,732.00 8,347.53 176,968.00 160,888.47 90.9%11,831.19 7,267.00 4,564.19 23,424.44 14,534.00 8,890.44 222,204.00 198,779.56 89.5%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetAugust 20199 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,743.89 2,180.00 563.89 5,643.54 4,360.00 1,283.54 26,160.00 20,516.46 78.4%6701325 Insurance-Workers Comp445.68 710.00 (264.32) 891.36 1,395.00 (503.64) 8,881.00 7,989.64 90.0%6701720 Salaries13,815.78 15,653.00 (1,837.22) 27,631.56 30,625.00 (2,993.44) 197,432.00 169,800.44 86.0%6701800 Taxes-Employer Payroll1,129.57 1,894.00 (764.43) 2,269.95 3,720.00 (1,450.05) 23,684.00 21,414.05 90.4%6701880 Wages-Hourly1,752.00 3,291.00 (1,539.00) 3,645.44 6,582.00 (2,936.56) 39,404.00 35,758.56 90.7%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS19,886.92 23,728.00 (3,841.08) 40,081.85 46,682.00 (6,600.15) 295,561.00 255,479.15 86.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 500.00 (500.00) 258.00 1,000.00 (742.00) 6,300.00 6,042.00 95.9%6703762 Supplies-Office24.98 105.00 (80.02) 140.00 210.00 (70.00) 1,260.00 1,120.00 88.9%6703768 Supplies-Printing & Stationery- 100.00 (100.00) - 200.00 (200.00) 3,300.00 3,300.00 100.0%Total-G&A-SUPPLIES & MATERIALS24.98 705.00 (680.02) 398.00 1,410.00 (1,012.00) 10,860.00 10,462.00 96.3%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) - 100.00 (100.00) 1,900.00 1,900.00 100.0%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) - 100.00 (100.00) 1,900.00 1,900.00 100.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 1,000.00 1,000.00 - 6,000.00 5,000.00 83.3%6709150 Dues & Subscriptions180.00 - 180.00 180.00 50.00 130.00 1,150.00 970.00 84.3%6709180 Employee Recruiting/Relocation- - - 30.00 - 30.00 1,200.00 1,170.00 97.5%6709197 Equipment Rental110.31 550.00 (439.69) 442.25 1,100.00 (657.75) 6,600.00 6,157.75 93.3%6709202 Fees-Bank82.87 90.00 (7.13) 154.91 180.00 (25.09) 1,080.00 925.09 85.7%6709208 Fees-Payroll Processing331.15 1,000.00 (668.85) 691.90 2,000.00 (1,308.10) 12,000.00 11,308.10 94.2%6709220 Freight/Delivery- 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0%6709490 Miscellaneous- 100.00 (100.00) - 200.00 (200.00) 6,600.00 6,600.00 100.0%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services4.50 75.00 (70.50) 122.11 150.00 (27.89) 900.00 777.89 86.4%6709625 Professional Fees45.15 850.00 (804.85) 2,911.41 1,700.00 1,211.41 10,200.00 7,288.59 71.5%6709636 Promotion/Entertainment- 100.00 (100.00) - 200.00 (200.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) - 400.00 (400.00) 2,400.00 2,400.00 100.0%6709810 Travel- 100.00 (100.00) - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 (75.00) 49.17 150.00 (100.83) 1,050.00 1,000.83 95.3%Total-G&A-OTHER EXPENSES1,253.98 3,690.00 (2,436.02) 5,581.75 7,330.00 (1,748.25) 52,080.00 46,498.25 89.3%21,165.88 28,223.00 (7,057.12) 46,061.60 55,522.00 (9,460.40) 360,401.00 314,339.40 87.2%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetAugust 201910 August 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts9,829.27 10,050.00 (220.73) 19,658.54 20,100.00 (441.46) 136,650.00 116,991.46 6800193 Equipment Leases-Maintenance9,181.20 9,500.00 (318.80) 18,362.40 19,000.00 (637.60) 114,000.00 95,637.60 6800194 Equipment Leases-Trailer- 300.00 (300.00) 635.60 600.00 35.60 3,600.00 2,964.40 6800196 Equipment Leases-GPS3,870.00 3,900.00 (30.00) 7,740.00 7,800.00 (60.00) 38,800.00 31,060.00 6800197 Equipment Leases-Others1,203.94 1,150.00 53.94 3,291.57 2,300.00 991.57 20,200.00 16,908.43 24,084.41 24,900.00(815.59) 49,688.11 49,800.00 (111.89) 313,250.00 263,561.8969-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 10,260.00 9,880.00 380.00 19,760.00 19,760.00 - 118,560.00 98,800.00 6900800 Personal Property Taxes- - - 5,408.18 5,200.00 208.18 11,800.00 6,391.82 6900323 Insurance-Commercial4,426.85 4,000.00 426.85 9,944.68 8,000.00 1,944.68 48,000.00 38,055.32 14,686.85 13,880.00806.85 35,112.86 32,960.00 2,152.86 178,360.00 143,247.14Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to DateYear to DateAugust 201911 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-20202019 2019 2019 2019 2019 2019Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4SalesPromotionGolf IndustryVIPCelebrityPGA Comp45Charity/Gift Certificate4Rain/Wind Checks1Club Staff13 22LQ HS Golf522 3600002020 2020 2020 2020 2020 2020Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-2020August 2019 Date TimeDescriptionCategoryPlayers8/18/201911:00 AMJohn WhiteMedia413