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05 November 2019 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2019 – November 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 November 2019 Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue318,584.44 313,959.00 4,625.44 1.5% 620,897.38 636,100.00 (15,202.62) 3,209,134.00 2,588,236.62 19%401000 Miscellaneous Golf Revenue34,787.00 43,903.00 (9,116.00) -20.8% 63,944.50 60,188.00 3,756.50 300,066.00 236,121.50 21%410000 Revenue-Golf Shop18,827.44 26,208.00 (7,380.56) -28.2% 52,806.79 55,486.00 (2,679.21) 249,256.00 196,449.21 21%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%4,500.00 4,500.00 - 12,000.00 7,500.00 38%890000 Interest Income0.05 - 0.05 0.0%0.26 - 0.26 - (0.26) 0%Total Income373,698.93 385,570.00 (11,871.07) -3.1% 742,148.93 756,274.00 (14,125.07) 3,770,456.00 3,028,307.07 20%Cost of Goods Sold510000 COS-Golf Shop11,314.74 14,668.00 (3,353.26) 22.9% 32,075.07 31,055.00 (1,020.07) 139,509.00 107,433.93 23%Total COS11,314.74 14,668.00 (3,353.26) 22.9% 32,075.07 31,055.00 (1,020.07) 139,509.00 107,433.93 23%Gross Profit362,384.19 370,902.00 (8,517.81) -2.3% 710,073.86 725,219.00 (15,145.14) 3,630,947.00 2,920,873.14 20%Expenses610000 Golf Pro Shop 15,572.95 19,247.00 (3,674.05) 19.1% 74,462.95 71,424.00 3,038.95 208,393.00 133,930.05 36%630000 Course Maintenance135,463.23 152,328.00 (16,864.77) 11.1% 743,132.04 849,611.00 (106,478.96) 1,783,663.00 1,040,530.96 42%633000 Maintenance Water & Energy15,023.45 15,369.00 (345.55) 2.2% 100,444.54 102,581.00 (2,136.46) 249,838.00 149,393.46 40%640000 Outside Services57,334.20 53,184.00 4,150.20 -7.8% 153,032.65 137,542.00 15,490.65 396,373.00 243,340.35 39%650000 Clubhouse8,961.92 12,201.00 (3,239.08) 26.5% 53,640.56 52,305.00 1,335.56 125,312.00 71,671.44 43%660000 Marketing29,698.69 29,920.00 (221.31) 0.7% 91,352.07 80,387.00 10,965.07 222,203.00 130,850.93 41%670000 General & Administrative27,241.63 33,244.00 (6,002.37) 18.1% 125,291.14 144,862.00 (19,570.86) 360,401.00 235,109.86 35%680000 Leases24,893.87 26,650.00 (1,756.13) 6.6% 128,789.68 126,700.00 2,089.68 313,250.00 184,460.32 41%690000 Miscellaneous Other Expense21,491.50 13,880.00 7,611.50 -54.8% 88,247.83 81,200.00 7,047.83 178,360.00 90,112.17 49%Total Expenses335,681.44 356,023.00 (20,341.56) 5.7% 1,558,393.46 1,646,612.00 88,218.54 3,837,793.00 2,279,399.54 41%26,702.75 14,879.00 11,823.75 79.5%(848,319.60) (921,393.00) 73,073.40 (206,846.00) 641,473.60 0%Rounds of Golf PlayedPaid Rounds Played4,029 4,032 (3) -0.1%11,657 12,288 (631) 43,667 32,010 27%Ave $ Per Paid Round Green Fee79.07 77.87 1.21 1.5%53.26 51.77 1.50 73.49 20.23 72%Ave $ Per Paid Round Merchandise4.67 6.50 (1.83) -28.1%4.53 4.52 0.01 5.71 1.18 79%Ave $ Per Paid Miscellaneous 8.63 10.89 (2.25) -20.7%5.49 4.90 0.59 6.87 1.39 80%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateNovember 20191 Income November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees318,584.44 313,959.00 4,625.44 620,897.38 636,100.00 (15,202.62) 3,209,134.00 2,588,236.62 80.7%4010000 Rider Fee925.00 465.00 460.00 2,835.00 878.00 1,957.00 7,807.00 4,972.00 63.7%4040000 Club Rental2,765.00 2,325.00 440.00 6,415.00 4,388.00 2,027.00 21,087.00 14,672.00 69.6%4050000 Driving Range7,552.00 15,113.00 (7,561.00) 13,263.00 18,922.00 (5,659.00) 94,872.00 81,609.00 86.0%4060000 Handicap Fees- - - 249.00 - 249.00 2,500.00 2,251.00 90.0%4090000 Ball Retriever/Subcontract- - - 1,487.50 1,000.00 487.50 2,500.00 1,012.50 40.5%4091000 Golf Professional Rental Fee1,000.00 1,000.00 - 1,000.00 1,000.00 - 6,000.00 5,000.00 83.3%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue22,545.00 25,000.00 (2,455.00) 38,695.00 34,000.00 4,695.00 165,300.00 126,605.00 76.6% Total Revenue Fees353,371.44 357,862.00(4,490.56) 684,841.88 696,288.00 (11,446.12) 3,509,200.00 2,824,358.12 80.5%353,371.44 357,862.00(4,490.56) 684,841.88 696,288.00 (11,446.12) 3,509,200.00 2,824,358.12 80.5%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetNovember 20192 RevenuesActual BudgetVariance$34,787.00 $43,903.00(9,116.00)Unfavorable: Due to limited access to and from driving range. The road built to the range should help long term.Actual BudgetVariance$18,827.44 $26,208.00(7,380.56)Unfavorable: Our inventory for the new temporary Pro Shop had to be reduced because of room space. Variety, and limited inventory was adjustedwith the new budget but it was speculative as to impact.ExpensesActual BudgetVariance$15,572.95 $19,247.00(3,674.05)Favorable: We continue to find ways to streamline our booking and online services, which in turn reduces manpower hours.Actual BudgetVariance$135,463.23 $152,328.00(16,864.77)Favorable: We were able to have a good overseeding with reduced patch work on seed. The budgeted amount for November didn't need to be utilized.Actual BudgetVariance$8,961.92 $12,201.00(3,239.08)Favorable: Miscellaneous expenses reduced due to transitional move to temporary Clubhouse went under budget better than expected.Actual BudgetVariance$27,241.63 $33,244.00(6,002.37)Favorable: Due to reduced payroll, Administrative assistant down to 3 workdays. Actual BudgetVariance$21,491.50 $13,880.007,611.50Favorable: Due to timing of invoices for property tax and commercial insurance.Golf Course MaintenanceClubhouseGeneral and AdministrativeMiscellaneous Other ExpenseVariance ExplanationNovember 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 areGolf Shopprovided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesMiscellaneous Golf Revenue3-20-133 Income November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous774.29 - 774.29 2,657.50 - 2,657.50 00 0%4100110 Sales Hard Goods10,250.05 6,552.00 3,698.05 27,362.77 13,872.00 13,490.77 62,314.00 34,951.23 56.1%4100112 Sales-Soft Goods10,818.00 19,656.00 (8,838.00) 30,148.46 41,614.00 (11,465.54) 186,942.00 156,793.54 83.9%5100639 GS-Discounts-Mdse(3,014.90) - (3,014.90) (7,361.94) - (7,361.94) - 7,361.94 0.0% Total Revenue Golf Shop18,827.44 26,208.00 (7,380.56) 52,806.79 55,486.00 (2,679.21) 249,256.00 199,106.71 79.9%COS 5100150 COS-GS-Hard Goods5,769.09 3,800.00 1,969.09 16,235.95 8,045.00 8,190.95 34,877.15 18,641.20 53.4%5100151 COS-GS-Soft Goods4,865.20 11,400.00 (6,534.80) 15,257.93 24,136.00 (8,878.07) 104,631.44 89,373.51 85.4%5100152 COS-GS-Purchase Disc(37.47) (760.00) 722.53 (272.80) (1,609.00) 1,336.20 (7,228.00) (6,955.20) 96.2%5100220 COS-GS-Freight Merch717.92 228.00 489.92 853.99 483.00 370.99 2,169.00 1,315.01 60.6%Cost of Sales - Golf Shop11,314.74 14,668.00 (3,353.26) 32,075.07 31,055.00 1,020.07 134,449.59 102,374.52 76.1%Gross Profit7,512.70 11,540.00 (4,027.30) 20,731.72 24,431.00 (3,699.28) 114,806.41 96,732.19 84.3%COS % 60.1% 56.0% -4.1% 60.7% 56.0% -4.8% 53.1% 51.4% 96.9%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group189.72 490.00 (300.28) 1,591.17 2,450.00 (858.83) 5,880.00 4,288.83 72.9%6101325 Insurance-Workers Comp 591.20 579.00 12.20 3,017.79 2,076.00 941.79 6,054.00 3,036.21 50.2%6101720 Salaries5,008.16 4,400.00 608.16 25,040.80 22,000.00 3,040.80 65,000.00 39,959.20 61.5%6101800 Taxes-Employer Payroll 1,042.25 1,545.00 (502.75) 4,654.89 5,536.00 (881.11) 16,144.00 11,489.11 71.2%6101880 Wages-Hourly7,552.50 11,048.00 (3,495.50) 33,670.38 33,362.00 308.38 98,874.00 65,203.62 65.9%6101882 Wages-Overtime131.25 - 131.25 576.02 - 576.02 - 952.88 0.0%Total -PS-SALARIES & BENEFITS14,515.08 18,062.00 (3,546.92) 68,551.05 65,424.00 3,127.05 191,952.00 124,929.85 65.1%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 1,347.48 - 1,347.48 - (1,347.48) 0.0%6103762 Supplies-Office351.40 250.00 101.40 1,821.21 1,250.00 571.21 3,000.00 1,178.79 39.3%6109220 Freight & Delivery35.85 25.00 10.85 89.29 50.00 39.29 75.00 (14.29) -19.1%6109490 Miscellaneous- 500.00 (500.00) 525.25 2,500.00 (1,974.75) 6,000.00 5,474.75 91.2%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(6.82) - (6.82) 10.61 - 10.61 - (10.61) 0.0%6109722 Seminars/Training- - - - 950.00 (950.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms614.16 300.00 314.16 1,834.72 700.00 1,134.72 2,400.00 565.28 23.6%6117840 Telephones63.28 110.00 (46.72) 283.34 550.00 (266.66) 1,320.00 1,036.66 78.5%1,057.87 1,185.00 (127.13) 5,911.90 6,000.00 (88.10) 18,875.00 12,963.10 68.7%15,572.95 19,247.00 (3,674.05) 74,462.95 71,424.00 3,038.95 210,827.00 137,892.95 65.4%Net Income(8,060.25) (7,707.00) (353.25) (53,731.23) (46,993.00) (6,738.23) (96,020.59) (41,160.76) 42.9%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetNovember 20194 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group6,512.59 9,810.00 (3,297.41) 43,004.51 49,050.00 (6,045.49) 117,720.00 74,715.49 63.5%6311325 Insurance-Workers Comp2,491.40 2,393.00 98.40 12,222.92 10,801.00 1,421.92 28,929.00 16,706.08 57.7%6311720 Salaries13,012.76 12,480.00 532.76 65,063.80 62,400.00 2,663.80 166,400.00 101,336.20 60.9%6311800 Taxes-Employer Payroll4,469.11 6,382.00 (1,912.89) 19,305.07 29,341.00 (10,035.93) 77,767.00 58,461.93 75.2%6311880 Wages-Hourly46,746.13 51,336.00 (4,589.87) 196,175.84 214,998.00 (18,822.16) 592,769.00 396,593.16 66.9%6311882 Wages-Overtime5,299.47 - 5,299.47 24,071.75 16,000.00 8,071.75 18,500.00 (5,571.75) -30.1%Total-CM-SALARIES & BENEFITS78,531.46 82,401.00 (3,869.54) 359,843.89 382,590.00 (22,746.11) 1,002,085.00 642,241.11 64.1%63-CM-SUPPLIES & MATERIALS6313734 Chemicals9,363.06 2,100.00 7,263.06 21,245.12 33,223.00 (11,977.88) 50,060.00 28,814.88 57.6%6313744 Fertilizer5,553.25 10,650.00 (5,096.75) 36,407.86 60,060.00 (23,652.14) 104,520.00 68,112.14 65.2%6313745 Herbicides- - - 953.83 - 953.83 - (953.83) 0.0%6313746 Flowers/Plants- - - - 1,250.00 (1,250.00) 3,050.00 3,050.00 100.0%6313748 Fuel-Gasoline3,684.33 4,850.00 (1,165.67) 16,883.61 20,100.00 (3,216.39) 46,860.00 29,976.39 64.0%6313750 Golf Course Accessories1,294.98 - 1,294.98 11,437.27 12,300.00 (862.73) 13,140.00 1,702.73 13.0%6313756 POA Control- - - 160.00 2,400.00 (2,240.00) 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp867.60 500.00 367.60 2,231.50 3,250.00 (1,018.50) 4,350.00 2,118.50 48.7%6313762 Supplies-Office257.60 - 257.60 756.95 - 756.95 - (756.95) 0.0%6313774 Sand1,065.11 4,000.00 (2,934.89) 5,652.15 11,780.00 (6,127.85) 13,460.00 7,807.85 58.0%6313776 Seed- 11,900.00 (11,900.00) 103,541.97 117,400.00 (13,858.03) 117,400.00 13,858.03 11.8%6313778 Small Tools & Non-Capital Equip- 100.00 (100.00) 2,507.75 4,300.00 (1,792.25) 5,000.00 2,492.25 49.8%6313780 Sod- - - 9,606.61 10,800.00 (1,193.39) 15,500.00 5,893.39 38.0%6313782 Topdressing724.64 2,600.00 (1,875.36) 724.64 7,000.00 (6,275.36) 10,000.00 9,275.36 92.8%Total-CM-SUPPLIES & MATERIALS22,810.57 36,700.00 (13,889.43) 212,109.26 283,863.00 (71,753.74) 393,240.00 181,130.74 46.1%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint5,528.19 3,850.00 1,678.19 24,078.19 19,250.00 4,828.19 30,800.00 6,721.81 21.8%6315685 CM-R&M-Bldngs & Othr Structures513.01 500.00 13.01 1,833.77 3,550.00 (1,716.23) 5,550.00 3,716.23 67.0%6315690 CM-R&M-Equipment4,062.81 5,000.00 (937.19) 24,075.11 22,500.00 1,575.11 38,500.00 14,424.89 37.5%6315692 CM-R&M-Irrigation System1,821.05 900.00 921.05 10,110.63 12,300.00 (2,189.37) 19,050.00 8,939.37 46.9%6315696 CM-R&M-Pumps500.00 1,000.00 (500.00) 1,163.05 5,000.00 (3,836.95) 10,500.00 9,336.95 88.9%6315815 CM-R&M-Trees-Pruning Etc- - - 4,930.00 6,050.00 (1,120.00) 12,050.00 7,120.00 59.1%Total-CM-REPAIRS & MAINTENANCE12,425.06 11,250.00 1,175.06 66,190.75 68,650.00 (2,459.25) 116,450.00 50,259.25 43.2%6317836 Utilities-Natural Gas/LPG- 15.00 (15.00) 59.53 75.00 (15.47) 180.00 120.47 0.0%6317840 Telephones812.21 850.00 (37.79) 4,081.66 4,250.00 (168.34) 10,200.00 6,118.34 60.0%Total-CM-UTILITIES812.21 865.00 (52.79) 4,141.19 4,325.00 (183.81) 10,380.00 6,238.81 60.1%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 2,000.00 2,000.00 - 4,800.00 2,800.00 58.3%6319100 Contract Svcs-Soil/Tissue Test- - - - 1,000.00 (1,000.00) 2,000.00 2,000.00 100.0%6319102 Contract Svcs-Trash Removal164.18 524.00 (359.82) 492.54 2,620.00 (2,127.46) 6,288.00 5,795.46 92.2%6319150 Dues & Subscriptions- - - 210.00 - 210.00 680.00 470.00 69.1%6319170 Employee Education- 50.00 (50.00) - 250.00 (250.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 600.00 (600.00) - 2,100.00 (2,100.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits- - - 1,595.86 350.00 1,245.86 4,300.00 2,704.14 62.9%6319490 Miscellaneous- 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%6319718 Safety Equipment & Training236.55 500.00 (263.45) 1,093.38 2,350.00 (1,256.62) 3,850.00 2,756.62 71.6%6319822 Uniforms1,383.74 920.00 463.74 5,959.38 4,600.00 1,359.38 11,040.00 5,080.62 46.0%Total-CM-OTHER EXPENSES2,184.47 3,094.00 (909.53) 11,351.16 15,770.00 (4,418.84) 41,458.00 30,106.84 72.6%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementAnnual BudgetNovember 20195 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 3,408.23 2,450.00 958.23 14,201.92 12,250.00 1,951.92 29,400.00 15,198.08 51.7%6321325 Insurance-Workers Comp551.70 484.00 67.70 3,322.90 2,537.00 785.90 5,955.00 2,632.10 44.2%6321800 Taxes-Employer Payroll914.97 1,290.00 (375.03) 4,006.45 6,878.00 (2,871.55) 15,995.00 11,988.55 75.0%6321880 Wages-Hourly12,893.80 12,904.00 (10.20) 61,460.18 65,380.00 (3,919.82) 156,528.00 95,067.82 60.7%6321882 Wages-Overtime930.76 - 930.76 3,621.02 3,418.00 203.02 3,418.00 (203.02) -5.9%Total-CM-LM-SALARIES & BENEFITS18,699.46 17,128.00 1,571.46 86,612.47 90,463.00 (3,850.53) 211,296.00 124,683.53 59.0%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 500.00 (500.00) 1,025.00 1,025.00 100.0%6323788 Uniforms- 290.00 (290.00) 1,085.32 1,450.00 (364.68) 3,480.00 2,394.68 68.8%Total-CM-LM-SUPPLIES & MATERIALS- 390.00 (390.00) 1,085.32 1,950.00 (864.68) 4,505.00 3,419.68 75.9%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) 1,798.00 2,000.00 (202.00) 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) 1,798.00 2,000.00 (202.00) 4,250.00 2,452.00 57.7%135,463.23 152,328.00 (16,864.77) 743,132.04 849,611.00 (106,478.96) 1,783,664.00 1,040,531.96 58.3% November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 7,184.15 7,219.00 (34.85) 64,220.58 51,481.00 12,739.58 179,791.00 115,570.42 64.3%6337842 Utilities-Water7,839.30 8,150.00 (310.70) 36,223.96 51,100.00 (14,876.04) 70,047.00 33,823.04 48.3%15,023.45 15,369.00 (345.55) 100,444.54 102,581.00 (2,136.46) 249,838.00 149,393.46 59.8%Total-COURSE MAINTENANCECourse Maintenance Expense StatementNovember 2019Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyNovember 2019Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 304.00 (304.00) 863.32 1,520.00 (656.68) 3,648.00 2,784.68 76.3%6411325 Insurance-Workers Comp701.60 639.00 62.60 2,732.48 2,215.00 517.48 7,482.00 4,749.52 63.5%6411800 Taxes-Employer Payroll1,745.97 2,121.00 (375.03) 5,150.55 7,354.00 (2,203.45) 24,841.00 19,690.45 79.3%6411880 Wages-Hourly15,932.25 17,040.00 (1,107.75) 55,905.83 59,064.00 (3,158.17) 199,524.00 143,618.17 72.0%6411882 Wages-Overtime947.25 - 947.25 2,192.26 - 2,192.26 - (2,192.26) 0.0%Total-CBR-SALARIES & BENEFITS19,327.07 20,104.00(776.93) 66,844.44 70,153.00 (3,308.56) 235,495.00 168,650.56 71.6%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 57.56 500.00 (442.44) 57.56 1,000.00 (942.44) 1,850.00 `0.0%6413742 Supplies-Expendable- 1,800.00 (1,800.00) 4,112.79 3,300.00 812.79 6,750.00 2,637.21 39.1%6413748 Supplies-Fuel for Shuttle- 300.00 (300.00) - 500.00 (500.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls10,766.25 10,000.00 766.25 10,766.25 10,000.00 766.25 10,000.00 (766.25) -7.7%6413762 Supplies-Office54.11 50.00 4.11 54.11 175.00 (120.89) 525.00 470.89 89.7%6413768 Supplies-Printing and Stationary- - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels400.00 185.00 215.00 1,600.00 665.00 935.00 2,182.00 582.00 26.7%6413796 Supplies-Bottled Water12,547.81 10,000.002,547.81 17,218.30 14,600.00 2,618.30 19,900.00 2,681.70 13.5%Total-CBR-SUPPLIES & MATERIALS23,825.73 22,835.00990.73 33,809.01 30,240.00 3,569.01 44,627.00 9,025.55 20.2%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment - 300.00 (300.00) 419.50 1,500.00 (1,080.50) 3,600.00 3,180.50 88.3%6415695 CBR-R&M-Cart Maintenance & Repair 1,860.73 500.00 1,360.73 12,128.62 2,950.00 9,178.62 6,450.00 (5,678.62) -88.0%Total-CBR-REPAIRS & MAINTENANCE1,860.73 800.00 1,060.73 12,548.12 4,450.00 8,098.12 10,050.00 (2,498.12) -24.9%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,458.31 800.00 658.31 4,721.94 4,000.00 721.94 9,600.00 4,878.06 50.8%6419220 Freight/Delivery- 75.00 (75.00) - 375.00 (375.00) 450.00 450.00 100.0%6419490 Miscellaneous545.61 600.00 (54.39) 1,675.27 3,000.00 (1,324.73) 7,200.00 5,524.73 76.7%6419820 Uniforms- 500.00 (500.00) 2,205.18 2,500.00 (294.82) 5,200.00 2,994.82 57.6%Total-CBR-OTHER EXPENSES2,003.92 1,975.00 28.92 8,602.39 9,875.00 (1,272.61) 22,450.00 13,847.61 61.7%TOTAL-CARTS,BAGROOM & RANGE 47,017.45 45,714.0028.92 121,803.96114,718.007,085.96 312,622.00 189,025.60 60.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp242.20 237.00 5.20 1,613.40 691.00 922.40 2,630.00 1,016.60 38.7%6431800 Taxes-Employer Payroll637.61 633.00 4.61 2,285.35 1,845.00 440.35 7,013.00 4,727.65 67.4%6431880 Wages-Hourly6,932.40 6,325.00 607.40 23,879.40 18,438.00 5,441.40 70,133.00 46,253.60 66.0%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS7,812.21 7,195.00 617.21 27,778.15 20,974.00 6,804.15 79,776.00 51,997.85 65.2%643-CS-OTHER EXPENSES6433742 Supplies Expendable 367.61 100.00 267.61 367.61 400.00 (32.39) 1,050.00 682.39 65.0%6439490 Miscellaneous- 50.00 (50.00) - 100.00 (100.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6439820 Uniforms2,136.93 75.00 2,061.93 3,082.93 1,100.00 1,982.93 2,125.00 (957.93) -45.1%Total-CS-OTHER EXPENSES2,504.54 275.00 2,229.54 3,450.54 1,850.00 1,600.54 3,975.00 524.46 13.2%Total-COURSE SERVICES10,316.75 7,470.00 2,846.75 31,228.69 22,824.00 8,404.69 83,751.00 52,522.31 62.7%57,334.20 53,184.004,150.20 153,032.65137,542.0015,490.65 396,373.00 241,023.45 60.8%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetNovember 20197 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 2,000.00 2,000.00 - 4,800.00 2,800.00 58.3%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,000.00 2,000.00 - 4,800.00 2,800.00 58.3%65-CH-UTILITIES6507836 Utilities-Natural Gas113.01 850.00 (736.99) 4,538.50 4,250.00 288.50 10,200.00 5,661.50 55.5%6507840 Utilities-Telephone1,348.40 1,150.00 198.40 5,237.94 5,750.00 (512.06) 13,800.00 8,562.06 62.0%6507842 Utilities-Water608.50 321.00 287.50 4,126.38 1,605.00 2,521.38 3,852.00 (274.38) -7.1%6507844 Utilities-Cable300.98 380.00 (79.02) 1,923.14 1,900.00 23.14 4,560.00 2,636.86 57.8%Total-CH-UTILITIES2,370.89 2,701.00 (330.11) 15,825.96 13,505.00 2,320.96 32,412.00 16,586.04 51.2%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning480.00 400.00 80.00 2,480.00 2,000.00 480.00 4,800.00 2,320.00 48.3%6509099 Contract Services-Security5,158.56 5,000.00 158.56 27,706.60 25,000.00 2,706.60 60,000.00 32,293.40 53.8%6509215 Flowers & Decorations- - - 713.10 500.00 213.10 1,900.00 1,186.90 62.5%6509490 Miscellaneous51.61 2,500.00 (2,448.39) 1,381.41 3,300.00 (1,918.59) 7,000.00 5,618.59 80.3%6509718 Safety Equipment & Training- 100.00 (100.00) 163.07 500.00 (336.93) 1,200.00 1,036.93 86.4%Total-CH-OTHER EXPENSES5,690.17 8,000.00 (2,309.83)32,444.18 31,300.00 1,144.18 74,900.00 42,455.82 56.7%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures250.86 300.00 (49.14) 2,570.42 1,500.00 1,070.42 3,600.00 1,029.58 28.6%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) - 2,000.00 (2,000.00) 4,800.00 4,800.00 100.0%6515690 CH-R&M-Equipment Repair250.00 400.00 (150.00) 800.00 2,000.00 (1,200.00) 4,800.00 4,000.00 83.3%Total-CH-REPAIRS & MAINTENANCE500.86 1,100.00 (599.14) 3,370.42 5,500.00 (2,129.58) 13,200.00 9,829.58 74.5%8,961.92 12,201.00(3,239.08)53,640.56 52,305.00 1,335.56 125,312.00 19,659.16 15.7%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetNovember 20198 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 1,994.55 1,740.00 254.55 4,176.00 2,181.45 52.2%6601325 Insurance-Workers Comp108.50 94.00 14.50 525.70 470.00 55.70 1,129.00 603.30 53.4%6601720 Salaries2,520.27 2,508.00 12.27 12,180.27 12,540.00 (359.73) 30,096.00 17,915.73 59.5%6601800 Taxes-Employer Payroll243.40 251.00 (7.60) 1,217.00 1,255.00 (38.00) 3,010.00 1,793.00 59.6%Total-MKT-SALARIES & BENEFITS3,271.08 3,201.00 70.08 15,917.52 16,005.00 (87.48) 38,411.00 22,493.48 58.6%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office 151.19 100.00 51.19 584.26 500.00 84.26 1,200.00 615.74 51.3%6603768 Supplies-Printing & Stationery2,679.90 200.00 2,479.90 3,876.27 3,400.00 476.27 4,425.00 548.73 12.4%2,831.09 300.00 2,531.09 4,460.53 3,900.00 560.53 5,625.00 1,164.47 20.7%66-MKT-UTILITIES6607840 Utilities-Telephone 175.43 100.00 75.43 659.18 500.00 159.18 1,200.00 540.82 45.1%Total-MKT-UTILITIES175.43 100.00 75.43 659.18 500.00 159.18 1,200.00 540.82 45.1%66-MKT-OTHER EXPENSES6609010 Advertising 23,271.03 24,194.00 (922.97) 63,133.97 55,807.00 7,326.97 163,133.00 99,999.03 61.3%6609040 Business Meals- 25.00 (25.00) - 125.00 (125.00) 300.00 300.00 100.0%6609080 Collateral Material- 1,000.00 (1,000.00) 6,214.98 1,500.00 4,714.98 5,500.00 (714.98) -13.0%6609102 Contract Services-Web Page- 150.00 (150.00) 693.00 750.00 (57.00) 1,800.00 1,107.00 61.5%6609490 Miscellaneous- 50.00 (50.00) - 50.00 (50.00) 350.00 350.00 100.0%6609620 Postage117.61 50.00 67.61 117.61 250.00 (132.39) 600.00 482.39 80.4%6609630 Promotion- 50.00 (50.00) - 100.00 (100.00) 700.00 700.00 100.0%6609633 Promotion-Community- 750.00 (750.00) - 1,050.00 (1,050.00) 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 Uniforms32.45 50.00 (17.55) 155.28 350.00 (194.72) 600.00 444.72 74.1%Total-MKT-OTHER EXPENSES23,421.09 26,319.00 (2,897.91) 70,314.84 59,982.00 10,332.84 176,968.00 106,653.16 60.3%29,698.69 29,920.00 (221.31) 91,352.07 80,387.00 10,965.07 222,204.00 130,851.93 58.9%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetNovember 20199 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,496.41 2,180.00 316.41 13,627.73 10,900.00 2,727.73 26,160.00 12,532.27 47.9%6701325 Insurance-Workers Comp842.30 761.00 81.30 2,625.02 3,551.00 (925.98) 8,881.00 6,255.98 70.4%6701720 Salaries13,815.78 17,012.00 (3,196.22) 69,078.90 77,581.00 (8,502.10) 197,432.00 128,353.10 65.0%6701800 Taxes-Employer Payroll1,179.88 2,030.00 (850.12) 5,783.10 9,470.00 (3,686.90) 23,684.00 17,900.90 75.6%6701880 Wages-Hourly2,059.44 3,291.00 (1,231.56) 9,725.76 17,135.00 (7,409.24) 39,404.00 29,678.24 75.3%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS20,393.81 25,274.00 (4,880.19) 100,840.51 118,637.00 (17,796.49) 295,561.00 194,720.49 65.9%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer26.98 500.00 (473.02) 1,091.84 2,500.00 (1,408.16) 6,300.00 5,208.16 82.7%6703762 Supplies-Office226.19 105.00 121.19 1,439.39 525.00 914.39 1,260.00 (179.39) -14.2%6703768 Supplies-Printing & Stationery- 100.00 (100.00) 460.66 500.00 (39.34) 3,300.00 2,839.34 86.0%Total-G&A-SUPPLIES & MATERIALS253.17 705.00 (451.83) 2,991.89 3,525.00 (533.11) 10,860.00 7,868.11 72.5%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 900.00 (900.00) - 1,200.00 (1,200.00) 1,900.00 1,900.00 100.0%Total-G&A-REPAIRS & MAINTENANCE- 900.00 (900.00) - 1,200.00 (1,200.00) 1,900.00 1,900.00 100.0%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 2,500.00 2,500.00 - 6,000.00 3,500.00 58.3%6709150 Dues & Subscriptions- 50.00 (50.00) 620.00 350.00 270.00 1,150.00 530.00 46.1%6709180 Employee Recruiting/Relocation310.45 150.00 160.45 576.07 450.00 126.07 1,200.00 623.93 52.0%6709197 Equipment Rental502.00 550.00 (48.00) 3,155.97 2,750.00 405.97 6,600.00 3,444.03 52.2%6709202 Fees-Bank61.99 90.00 (28.01) 450.64 450.00 0.64 1,080.00 629.36 58.3%6709208 Fees-Payroll Processing335.50 1,000.00 (664.50) 1,700.67 5,000.00 (3,299.33) 12,000.00 10,299.33 85.8%6709220 Freight/Delivery- 50.00 (50.00) - 250.00 (250.00) 600.00 600.00 100.0%6709490 Miscellaneous2,498.26 2,600.00 (101.74) 2,566.50 3,000.00 (433.50) 6,600.00 4,033.50 61.1%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services- 75.00 (75.00) 281.10 375.00 (93.90) 900.00 618.90 68.8%6709625 Professional Fees1,293.26 850.00 443.26 8,465.43 4,250.00 4,215.43 10,200.00 1,734.57 17.0%6709636 Promotion/Entertainment- 100.00 (100.00) - 500.00 (500.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training979.13 200.00 779.13 979.13 1,000.00 (20.87) 2,400.00 1,420.87 59.2%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms114.06 150.00 (35.94) 163.23 525.00 (361.77) 1,050.00 886.77 84.5%Total-G&A-OTHER EXPENSES6,594.65 6,365.00 229.65 21,458.74 21,500.00 (41.26) 52,080.00 30,621.26 58.8%27,241.63 33,244.00 (6,002.37) 125,291.14 144,862.00 (19,570.86) 360,401.00 235,109.86 65.2%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetNovember 201910 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts9,829.27 12,000.00 (2,170.73) 49,146.35 52,650.00 (3,503.65) 136,650.00 87,503.65 6800193 Equipment Leases-Maintenance9,181.20 9,500.00 (318.80) 45,906.00 47,500.00 (1,594.00) 114,000.00 68,094.00 6800194 Equipment Leases-Trailer- 300.00 (300.00) 4,077.22 1,500.00 2,577.22 3,600.00 (477.22) 6800196 Equipment Leases-GPS3,870.00 2,900.00 970.00 19,350.00 18,500.00 850.00 38,800.00 19,450.00 6800197 Equipment Leases-Others2,013.40 1,950.00 63.40 10,310.11 6,550.00 3,760.11 20,200.00 9,889.89 24,893.87 26,650.00(1,756.13) 128,789.68126,700.002,089.68 313,250.00 184,460.3269-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,880.00 9,880.00 - 49,400.00 49,400.00 - 118,560.00 69,160.00 6900800 Personal Property Taxes- - - 13,171.65 11,800.00 1,371.65 11,800.00 (1,371.65) 6900323 Insurance-Commercial 11,611.50 4,000.00 7,611.50 25,676.18 20,000.00 5,676.18 48,000.00 22,323.82 21,491.50 13,880.007,611.50 88,247.83 81,200.00 7,047.83 178,360.00 90,112.17 Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to DateYear to DateNovember 201911 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-20202019 2019 2019 2019 2019 2019Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4SalesPromotionGolf IndustryVIPCelebrityPGA Comp45436Charity/Gift Certificate4418Rain/Wind Checks12Club Staff13 22 35427LQ HS Golf522 36 4584102020 2020 2020 2020 2020 2020Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012