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06 December 2019 SilverRock Resort - Monthly Financial Statement Monthly Financial Statements July 2019 – December 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 December 2019 Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue271,962.25 299,731.00 (27,768.75) -9.3% 892,859.63 935,831.00 (42,971.37) 3,209,134.00 2,316,274.37 28%401000 Miscellaneous Golf Revenue27,212.00 37,450.00 (10,238.00) -27.3% 91,156.50 97,638.00 (6,481.50) 300,066.00 208,909.50 30%410000 Revenue-Golf Shop15,615.47 23,616.00 (8,000.53) -33.9% 68,422.26 79,102.00 (10,679.74) 249,256.00 180,833.74 27%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%6,000.00 6,000.00 - 12,000.00 6,000.00 50%890000 Interest Income- - - 0.0%0.26 - 0.26 - (0.26) 0%Total Income316,289.72 362,297.00 (46,007.28) -12.7% 1,058,438.65 1,118,571.00 (60,132.35) 3,770,456.00 2,712,017.35 28%Cost of Goods Sold510000 COS-Golf Shop8,574.87 13,217.00 (4,642.13) 35.1% 40,649.94 44,272.00 3,622.06 139,509.00 98,859.06 29%Total COS8,574.87 13,217.00 (4,642.13) 35.1% 40,649.94 44,272.00 3,622.06 139,509.00 98,859.06 29%Gross Profit307,714.85 349,080.00 (41,365.15) -11.8% 1,017,788.71 1,074,299.00 (56,510.29) 3,630,947.00 2,613,158.29 28%Expenses610000 Golf Pro Shop 17,604.36 19,247.00 (1,642.64) 8.5% 92,067.31 90,671.00 1,396.31 208,393.00 116,325.69 44%630000 Course Maintenance140,727.19 135,121.00 5,606.19 -4.1% 883,859.23 992,082.00 (108,222.77) 1,783,663.00 899,803.77 50%633000 Maintenance Water & Energy16,063.31 16,775.00 (711.69) 4.2% 116,507.85 119,356.00 (2,848.15) 249,838.00 133,330.15 47%640000 Outside Services43,276.69 41,452.00 1,824.69 -4.4% 196,309.34 178,994.00 17,315.34 396,373.00 200,063.66 50%650000 Clubhouse10,233.53 9,901.00 332.53 -3.4% 63,874.09 62,206.00 1,668.09 125,312.00 61,437.91 51%660000 Marketing16,465.76 20,400.00 (3,934.24) 19.3% 107,817.83 100,737.00 7,080.83 222,203.00 114,385.17 49%670000 General & Administrative30,447.53 33,119.00 (2,671.47) 8.1% 156,042.20 177,981.00 (21,938.80) 360,401.00 204,358.80 43%680000 Leases28,371.94 26,650.00 1,721.94 -6.5% 157,161.62 153,350.00 3,811.62 313,250.00 156,088.38 50%690000 Miscellaneous Other Expense14,944.99 13,880.00 1,064.99 -7.7% 103,192.82 95,080.00 8,112.82 178,360.00 75,167.18 58%Total Expenses318,135.30 316,545.00 1,590.30 -0.5% 1,876,832.29 1,970,457.00 93,624.71 3,837,793.00 1,960,960.71 49%(10,420.45) 32,535.00 (42,955.45) -132.0%(859,043.58) (896,158.00) 37,114.42 (206,846.00) 652,197.58 0%Rounds of Golf PlayedPaid Rounds Played3,726 3,936 (210) -5.3%15,383 16,224 (841) 43,667 28,284 35%Ave $ Per Paid Round Green Fee72.99 76.15 (3.16) -4.2%58.04 57.68 0.36 73.49 15.45 79%Ave $ Per Paid Round Merchandise4.19 6.00 (1.81) -30.2%4.45 4.88 (0.43) 5.71 1.26 78%Ave $ Per Paid Miscellaneous 7.30 9.51 (2.21) -23.2%5.93 6.02 (0.09) 6.87 0.95 86%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateDecember 20191 Income December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees271,962.25 299,731.00 (27,768.75) 892,859.63 935,831.00 (42,971.37) 3,209,134.00 2,316,274.37 72.2%4010000 Rider Fee875.00 1,350.00 (475.00) 3,710.00 2,228.00 1,482.00 7,807.00 4,097.00 52.5%4040000 Club Rental2,670.00 2,050.00 620.00 9,085.00 6,438.00 2,647.00 21,087.00 12,002.00 56.9%4050000 Driving Range5,880.00 10,250.00 (4,370.00) 19,143.00 29,172.00 (10,029.00) 94,872.00 75,729.00 79.8%4060000 Handicap Fees707.00 - 707.00 956.00 - 956.00 2,500.00 1,544.00 61.8%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 - 2,000.00 2,000.00 - 6,000.00 4,000.00 66.7%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue16,080.00 22,800.00 (6,720.00) 54,775.00 56,800.00 (2,025.00) 165,300.00 110,525.00 66.9% Total Revenue Fees299,174.25 337,181.00(38,006.75) 984,016.13 1,033,469.00 (49,452.87) 3,509,200.00 2,525,183.87 72.0%299,174.25 337,181.00(38,006.75) 984,016.13 1,033,469.00 (49,452.87) 3,509,200.00 2,525,183.87 72.0%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetDecember 20192 RevenuesActual BudgetVariance$27,212.00 $37,450.00(10,238.00)Unfavorable: Due to reduced driving range revenue as a result of access. Also, resident cards down, but year to date actual versus budget is aligned.Actual BudgetVariance$15,615.47 $23,616.00(8,000.53)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$16,465.76 $20,400.00(3,934.24)Favorable: Due to timing of invoices for advertising. We are in align for year to date totals.MarketingVariance ExplanationDecember 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%.Pro Shop Merchandise SalesMiscellaneous Golf Revenue3-20-133 Income December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous1,311.52 - 1,311.52 3,969.02 - 3,969.02 00 0%4100110 Sales Hard Goods6,021.24 5,904.00 117.24 33,384.01 19,776.00 13,608.01 62,314.00 28,929.99 46.4%4100112 Sales-Soft Goods11,784.29 17,712.00 (5,927.71) 41,932.75 59,326.00 (17,393.25) 186,942.00 145,009.25 77.6%5100639 GS-Discounts-Mdse(3,501.58) - (3,501.58) (10,863.52) - (10,863.52) - 10,863.52 0.0% Total Revenue Golf Shop15,615.47 23,616.00 (8,000.53) 68,422.26 79,102.00 (10,679.74) 249,256.00 184,802.76 74.1%COS 5100150 COS-GS-Hard Goods3,371.73 3,424.00 (52.27) 19,607.68 11,469.00 8,138.68 34,877.15 15,269.47 43.8%5100151 COS-GS-Soft Goods5,034.00 10,273.00 (5,239.00) 20,291.93 34,409.00 (14,117.07) 104,631.44 84,339.51 80.6%5100152 COS-GS-Purchase Disc(14.52) (685.00) 670.48 (287.32) (2,294.00) 2,006.68 (7,228.00) (6,940.68) 96.0%5100220 COS-GS-Freight Merch183.66 205.00 (21.34) 1,037.65 688.00 349.65 2,169.00 1,131.35 52.2%Cost of Sales - Golf Shop8,574.87 13,217.00 (4,642.13) 40,649.94 44,272.00 (3,622.06) 134,449.59 93,799.65 69.8%Gross Profit 7,040.60 10,399.00 (3,358.40) 27,772.32 34,830.00 (7,057.68) 114,806.41 91,003.11 79.3%COS % 54.9% 56.0% 1.1% 59.4% 56.0% -3.4% 53.1% 50.8% 95.6%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group1,141.34 490.00 651.34 2,732.51 2,940.00 (207.49) 5,880.00 3,147.49 53.5%6101325 Insurance-Workers Comp 540.01 579.00 (38.99) 3,557.80 2,655.00 902.80 6,054.00 2,496.20 41.2%6101720 Salaries5,008.16 4,400.00 608.16 30,048.96 26,400.00 3,648.96 65,000.00 34,951.04 53.8%6101800 Taxes-Employer Payroll 1,115.83 1,545.00 (429.17) 5,770.72 7,081.00 (1,310.28) 16,144.00 10,373.28 64.3%6101880 Wages-Hourly8,793.50 11,048.00 (2,254.50) 42,463.88 44,410.00 (1,946.12) 98,874.00 56,410.12 57.1%6101882 Wages-Overtime76.89 - 76.89 652.91 - 652.91 - 952.88 0.0%Total -PS-SALARIES & BENEFITS16,675.73 18,062.00 (1,386.27) 85,226.78 83,486.00 1,740.78 191,952.00 108,331.01 56.4%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 1,347.48 - 1,347.48 - (1,347.48) 0.0%6103762 Supplies-Office622.23 250.00 372.23 2,443.44 1,500.00 943.44 3,000.00 556.56 18.6%6109220 Freight & Delivery45.59 25.00 20.59 134.88 75.00 59.88 75.00 (59.88) -79.8%6109490 Miscellaneous147.88 500.00 (352.12) 673.13 3,000.00 (2,326.87) 6,000.00 5,326.87 88.8%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short49.65 - 49.65 60.26 - 60.26 - (60.26) 0.0%6109722 Seminars/Training- 100.00 (100.00) - 1,050.00 (1,050.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- - - - - - 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 1,834.72 900.00 934.72 2,400.00 565.28 23.6%6117840 Telephones63.28 110.00 (46.72) 346.62 660.00 (313.38) 1,320.00 973.38 73.7%928.63 1,185.00 (256.37) 6,840.53 7,185.00 (344.47) 18,875.00 12,034.47 63.8%17,604.36 19,247.00 (1,642.64) 92,067.31 90,671.00 1,396.31 210,827.00 120,365.48 57.1%Net Income(10,563.76) (8,848.00) (1,715.76) (64,294.99) (55,841.00) (8,453.99) (96,020.59) (29,362.37) 30.6%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetDecember 20194 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group9,985.61 9,810.00 175.61 52,990.12 58,860.00 (5,869.88) 117,720.00 64,729.88 55.0%6311325 Insurance-Workers Comp2,141.20 2,527.00 (385.80) 14,364.12 13,328.00 1,036.12 28,929.00 14,564.88 50.3%6311720 Salaries13,012.76 12,480.00 532.76 78,076.56 74,880.00 3,196.56 166,400.00 88,323.44 53.1%6311800 Taxes-Employer Payroll4,360.25 6,738.00 (2,377.75) 23,665.32 36,079.00 (12,413.68) 77,767.00 54,101.68 69.6%6311880 Wages-Hourly51,717.78 54,905.00 (3,187.22) 247,893.62 269,903.00 (22,009.38) 592,769.00 344,875.38 58.2%6311882 Wages-Overtime4,023.34 - 4,023.34 28,095.09 16,000.00 12,095.09 18,500.00 (9,595.09) -51.9%Total-CM-SALARIES & BENEFITS85,240.94 86,460.00 (1,219.06) 445,084.83 469,050.00 (23,965.17) 1,002,085.00 557,000.17 55.6%63-CM-SUPPLIES & MATERIALS6313734 Chemicals- - - 21,245.12 33,223.00 (11,977.88) 50,060.00 28,814.88 57.6%6313744 Fertilizer13,998.12 8,820.00 5,178.12 50,405.98 68,880.00 (18,474.02) 104,520.00 54,114.02 51.8%6313745 Herbicides861.30 - 861.30 1,815.13 - 1,815.13 - (1,815.13) 0.0%6313746 Flowers/Plants(43.37) 750.00 (793.37) (43.37) 2,000.00 (2,043.37) 3,050.00 3,093.37 101.4%6313748 Fuel-Gasoline4,726.38 4,150.00 576.38 21,609.99 24,250.00 (2,640.01) 46,860.00 25,250.01 53.9%6313750 Golf Course Accessories653.82 - 653.82 12,091.09 12,300.00 (208.91) 13,140.00 1,048.91 8.0%6313756 POA Control- 7,500.00 (7,500.00) 160.00 9,900.00 (9,740.00) 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp570.38 500.00 70.38 2,801.88 3,750.00 (948.12) 4,350.00 1,548.12 35.6%6313762 Supplies-Office282.23 - 282.23 1,039.18 - 1,039.18 - (1,039.18) 0.0%6313774 Sand- 800.00 (800.00) 5,652.15 12,580.00 (6,927.85) 13,460.00 7,807.85 58.0%6313776 Seed- - - 103,541.97 117,400.00 (13,858.03) 117,400.00 13,858.03 11.8%6313778 Small Tools & Non-Capital Equip124.71 100.00 24.71 2,632.46 4,400.00 (1,767.54) 5,000.00 2,367.54 47.4%6313780 Sod- - - 9,606.61 10,800.00 (1,193.39) 15,500.00 5,893.39 38.0%6313782 Topdressing49.82 - 49.82 774.46 7,000.00 (6,225.54) 10,000.00 9,225.54 92.3%Total-CM-SUPPLIES & MATERIALS21,223.39 22,620.00 (1,396.61) 233,332.65 306,483.00 (73,150.35) 393,240.00 159,907.35 40.7%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint3,500.00 - 3,500.00 27,578.19 26,600.00 978.19 30,800.00 3,221.81 10.5%6315685 CM-R&M-Bldngs & Othr Structures 5,951.50 500.00 5,451.50 7,785.27 4,050.00 3,735.27 5,550.00 (2,235.27) -40.3%6315690 CM-R&M-Equipment1,988.53 2,000.00 (11.47) 26,063.64 24,500.00 1,563.64 38,500.00 12,436.36 32.3%6315692 CM-R&M-Irrigation System1,521.94 550.00 971.94 11,632.57 12,850.00 (1,217.43) 19,050.00 7,417.43 38.9%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 1,163.05 6,000.00 (4,836.95) 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 & MAINTENANCE12,961.97 4,050.00 8,911.97 79,152.72 80,050.00 (897.28) 116,450.00 37,297.28 32.0%6317836 Utilities-Natural Gas/LPG60.77 15.00 45.77 120.30 90.00 30.30 180.00 59.70 0.0%6317840 Telephones726.33 850.00 (123.67) 4,807.99 5,100.00 (292.01) 10,200.00 5,392.01 52.9%Total-CM-UTILITIES787.10 865.00 (77.90) 4,928.29 5,190.00 (261.71) 10,380.00 5,451.71 52.5%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0%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) 656.72 3,144.00 (2,487.28) 6,288.00 5,631.28 89.6%6319150 Dues & Subscriptions210.00 - 210.00 420.00 - 420.00 680.00 260.00 38.2%6319170 Employee Education- 50.00 (50.00) - 300.00 (300.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) - 2,300.00 (2,300.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits- 50.00 (50.00) 1,595.86 400.00 1,195.86 4,300.00 2,704.14 62.9%6319490 Miscellaneous95.46 100.00 (4.54) 95.46 600.00 (504.54) 1,200.00 1,104.54 92.0%6319718 Safety Equipment & Training754.70 400.00 354.70 1,848.08 2,750.00 (901.92) 3,850.00 2,001.92 52.0%6319822 Uniforms1,252.07 920.00 332.07 7,211.45 5,520.00 1,691.45 11,040.00 3,828.55 34.7%Total-CM-OTHER EXPENSES2,876.41 2,644.00 232.41 14,227.57 18,414.00 (4,186.43) 41,458.00 27,230.43 65.7%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementAnnual BudgetDecember 20195 November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 3,977.23 2,450.00 1,527.23 18,179.15 14,700.00 3,479.15 29,400.00 11,220.85 38.2%6321325 Insurance-Workers Comp470.20 500.00 (29.80) 3,793.10 3,037.00 756.10 5,955.00 2,161.90 36.3%6321800 Taxes-Employer Payroll851.65 1,333.00 (481.35) 4,858.10 8,211.00 (3,352.90) 15,995.00 11,136.90 69.6%6321880 Wages-Hourly11,757.80 13,334.00 (1,576.20) 73,217.98 78,714.00 (5,496.02) 156,528.00 83,310.02 53.2%6321882 Wages-Overtime433.50 - 433.50 4,054.52 3,418.00 636.52 3,418.00 (636.52) -18.6%Total-CM-LM-SALARIES & BENEFITS17,490.38 17,617.00 (126.62) 104,102.85 108,080.00 (3,977.15) 211,296.00 107,193.15 50.7%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) - 575.00 (575.00) 1,025.00 1,025.00 100.0%6323788 Uniforms147.00 290.00 (143.00) 1,232.32 1,740.00 (507.68) 3,480.00 2,247.68 64.6%Total-CM-LM-SUPPLIES & MATERIALS147.00 365.00 (218.00) 1,232.32 2,315.00 (1,082.68) 4,505.00 3,272.68 72.6%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) 1,798.00 2,500.00 (702.00) 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) 1,798.00 2,500.00 (702.00) 4,250.00 2,452.00 57.7%140,727.19 135,121.00 5,606.19 883,859.23 992,082.00 (108,222.77) 1,783,664.00 899,804.77 50.4% November 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 8,973.31 9,685.00 (711.69) 73,193.89 61,166.00 12,027.89 179,791.00 106,597.11 59.3%6337842 Utilities-Water7,090.00 7,090.00 - 43,313.96 58,190.00 (14,876.04) 70,047.00 26,733.04 38.2%16,063.31 16,775.00 (711.69) 116,507.85 119,356.00 (2,848.15) 249,838.00 133,330.15 53.4%Total-COURSE MAINTENANCECourse Maintenance Expense StatementDecember 2019Silverrock ResortAnnual BudgetMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyDecember 2019Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual Budget6 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group- 304.00 (304.00) 863.32 1,824.00 (960.68) 3,648.00 2,784.68 76.3%6411325 Insurance-Workers Comp721.40 851.00 (129.60) 3,453.88 3,066.00 387.88 7,482.00 4,028.12 53.8%6411800 Taxes-Employer Payroll1,988.36 2,824.00 (835.64) 7,138.91 10,178.00 (3,039.09) 24,841.00 17,702.09 71.3%6411880 Wages-Hourly21,340.50 22,680.00 (1,339.50) 77,246.33 81,744.00 (4,497.67) 199,524.00 122,277.67 61.3%6411882 Wages-Overtime1,612.13 - 1,612.13 3,804.39 - 3,804.39 - (3,804.39) 0.0%Total-CBR-SALARIES & BENEFITS25,662.39 26,659.00(996.61) 92,506.83 96,812.00 (4,305.17) 235,495.00 142,988.17 60.7%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 500.00 (500.00) 57.56 1,500.00 (1,442.44) 1,850.00 `0.0%6413742 Supplies-Expendable414.88 150.00 264.88 4,527.67 3,450.00 1,077.67 6,750.00 2,222.33 32.9%6413748 Supplies-Fuel for Shuttle- 400.00 (400.00) - 900.00 (900.00) 3,000.00 3,000.00 100.0%6413752 Supplies-Range Balls- - - 10,766.25 10,000.00 766.25 10,000.00 (766.25) -7.7%6413762 Supplies-Office- 50.00 (50.00) 54.11 225.00 (170.89) 525.00 470.89 89.7%6413768 Supplies-Printing and Stationary- - - - - - 420.00 420.00 100.0%6413786 Supplies-Towels320.00 195.00 125.00 1,920.00 860.00 1,060.00 2,182.00 262.00 12.0%6413796 Supplies-Bottled Water273.29 200.00 73.29 17,491.59 14,800.00 2,691.59 19,900.00 2,408.41 12.1%Total-CBR-SUPPLIES & MATERIALS1,008.17 1,495.00 (486.83) 34,817.18 31,735.00 3,082.18 44,627.00 8,017.38 18.0%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 108.00 300.00 (192.00) 527.50 1,800.00 (1,272.50) 3,600.00 3,072.50 85.3%6415695 CBR-R&M-Cart Maintenance & Repair 1,503.00 500.00 1,003.00 13,631.62 3,450.00 10,181.62 6,450.00 (7,181.62) -111.3%Total-CBR-REPAIRS & MAINTENANCE1,611.00 800.00 811.00 14,159.12 5,250.00 8,909.12 10,050.00 (4,109.12) -40.9%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,772.20 800.00 972.20 6,494.14 4,800.00 1,694.14 9,600.00 3,105.86 32.4%6419220 Freight/Delivery- 75.00 (75.00) - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous459.91 600.00 (140.09) 2,135.18 3,600.00 (1,464.82) 7,200.00 5,064.82 70.3%6419820 Uniforms1,182.37 500.00 682.37 3,387.55 3,000.00 387.55 5,200.00 1,812.45 34.9%Total-CBR-OTHER EXPENSES3,414.48 1,975.00 1,439.48 12,016.87 11,850.00 166.87 22,450.00 10,433.13 46.5%TOTAL-CARTS,BAGROOM & RANGE 31,696.04 30,929.001,439.48 153,500.00145,647.007,853.00 312,622.00 157,329.56 50.3%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp297.01 332.00 (34.99) 1,910.41 1,023.00 887.41 2,630.00 719.59 27.4%6431800 Taxes-Employer Payroll784.04 886.00 (101.96) 3,069.39 2,731.00 338.39 7,013.00 3,943.61 56.2%6431880 Wages-Hourly10,229.85 8,855.00 1,374.85 34,109.25 27,293.00 6,816.25 70,133.00 36,023.75 51.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS11,310.90 10,073.001,237.90 39,089.05 31,047.00 8,042.05 79,776.00 40,686.95 51.0%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 367.61 500.00 (132.39) 1,050.00 682.39 65.0%6439490 Miscellaneous- 50.00 (50.00) - 150.00 (150.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training58.46 50.00 8.46 58.46 300.00 (241.54) 600.00 541.54 90.3%6439820 Uniforms211.29 250.00 (38.71) 3,294.22 1,350.00 1,944.22 2,125.00 (1,169.22) -55.0%Total-CS-OTHER EXPENSES269.75 450.00 (180.25) 3,720.29 2,300.00 1,420.29 3,975.00 254.71 6.4%Total-COURSE SERVICES11,580.65 10,523.001,057.65 42,809.34 33,347.00 9,462.34 83,751.00 40,941.66 48.9%43,276.69 41,452.001,824.69 196,309.34178,994.0017,315.34 396,373.00 198,016.51 50.0%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetDecember 20197 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0%65-CH-UTILITIES6507836 Utilities-Natural Gas723.38 850.00 (126.62) 5,261.88 5,100.00 161.88 10,200.00 4,938.12 48.4%6507840 Utilities-Telephone1,333.08 1,150.00 183.08 6,571.02 6,900.00 (328.98) 13,800.00 7,228.98 52.4%6507842 Utilities-Water581.20 321.00 260.20 4,707.58 1,926.00 2,781.58 3,852.00 (855.58) -22.2%6507844 Utilities-Cable300.98 380.00 (79.02) 2,224.12 2,280.00 (55.88) 4,560.00 2,335.88 51.2%Total-CH-UTILITIES2,938.64 2,701.00 237.64 18,764.60 16,206.00 2,558.60 32,412.00 13,647.40 42.1%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning555.00 400.00 155.00 3,035.00 2,400.00 635.00 4,800.00 1,765.00 36.8%6509099 Contract Services-Security5,758.56 5,000.00 758.56 33,465.16 30,000.00 3,465.16 60,000.00 26,534.84 44.2%6509215 Flowers & Decorations- - - 713.10 500.00 213.10 1,900.00 1,186.90 62.5%6509490 Miscellaneous282.83 200.00 82.83 1,664.24 3,500.00 (1,835.76) 7,000.00 5,335.76 76.2%6509718 Safety Equipment & Training- 100.00 (100.00) 163.07 600.00 (436.93) 1,200.00 1,036.93 86.4%Total-CH-OTHER EXPENSES6,596.39 5,700.00 896.39 39,040.57 37,000.00 2,040.57 74,900.00 35,859.43 47.9%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures298.50 300.00 (1.50) 2,868.92 1,800.00 1,068.92 3,600.00 731.08 20.3%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) - 2,400.00 (2,400.00) 4,800.00 4,800.00 100.0%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 800.00 2,400.00 (1,600.00) 4,800.00 4,000.00 83.3%Total-CH-REPAIRS & MAINTENANCE298.50 1,100.00 (801.50) 3,668.92 6,600.00 (2,931.08) 13,200.00 9,531.08 72.2%10,233.53 9,901.00 332.53 63,874.09 62,206.00 1,668.09 125,312.00 19,062.16 15.2%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetDecember 20198 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 2,393.46 2,088.00 305.46 4,176.00 1,782.54 42.7%6601325 Insurance-Workers Comp87.01 94.00 (6.99) 612.71 564.00 48.71 1,129.00 516.29 45.7%6601720 Salaries2,625.54 2,508.00 117.54 14,805.81 15,048.00 (242.19) 30,096.00 15,290.19 50.8%6601800 Taxes-Employer Payroll243.40 251.00 (7.60) 1,460.40 1,506.00 (45.60) 3,010.00 1,549.60 51.5%Total-MKT-SALARIES & BENEFITS3,354.86 3,201.00 153.86 19,272.38 19,206.00 66.38 38,411.00 19,138.62 49.8%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 584.26 600.00 (15.74) 1,200.00 615.74 51.3%6603768 Supplies-Printing & Stationery325.50 200.00 125.50 4,201.77 3,600.00 601.77 4,425.00 223.23 5.0%325.50 300.00 25.50 4,786.03 4,200.00 586.03 5,625.00 838.97 14.9%66-MKT-UTILITIES6607840 Utilities-Telephone 175.44 100.00 75.44 834.62 600.00 234.62 1,200.00 365.38 30.4%Total-MKT-UTILITIES175.44 100.00 75.44 834.62 600.00 234.62 1,200.00 365.38 30.4%66-MKT-OTHER EXPENSES6609010 Advertising 11,960.96 15,624.00 (3,663.04) 75,094.93 71,431.00 3,663.93 163,133.00 88,038.07 54.0%6609040 Business Meals- 25.00 (25.00) - 150.00 (150.00) 300.00 300.00 100.0%6609080 Collateral Material- - - 6,214.98 1,500.00 4,714.98 5,500.00 (714.98) -13.0%6609102 Contract Services-Web Page649.00 150.00 499.00 1,342.00 900.00 442.00 1,800.00 458.00 25.4%6609490 Miscellaneous- 50.00 (50.00) - 100.00 (100.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) 117.61 300.00 (182.39) 600.00 482.39 80.4%6609630 Promotion- 50.00 (50.00) - 150.00 (150.00) 700.00 700.00 100.0%6609633 Promotion-Community- 750.00 (750.00) - 1,800.00 (1,800.00) 2,250.00 2,250.00 100.0%6609634 Promotion-Media/Vendor- 50.00 (50.00) - - - 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- - - - - - 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 155.28 400.00 (244.72) 600.00 444.72 74.1%Total-MKT-OTHER EXPENSES12,609.96 16,799.00 (4,189.04) 82,924.80 76,731.00 6,193.80 176,968.00 94,043.20 53.1%16,465.76 20,400.00 (3,934.24) 107,817.83 100,737.00 7,080.83 222,204.00 114,386.17 51.5%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetDecember 20199 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group3,597.93 2,180.00 1,417.93 17,225.66 13,080.00 4,145.66 26,160.00 8,934.34 34.2%6701325 Insurance-Workers Comp688.40 761.00 (72.60) 3,313.42 4,312.00 (998.58) 8,881.00 5,567.58 62.7%6701720 Salaries16,651.13 17,012.00 (360.87) 85,730.03 94,593.00 (8,862.97) 197,432.00 111,701.97 56.6%6701800 Taxes-Employer Payroll1,205.74 2,030.00 (824.26) 6,988.84 11,500.00 (4,511.16) 23,684.00 16,695.16 70.5%6701880 Wages-Hourly3,049.35 3,291.00 (241.65) 12,775.11 20,426.00 (7,650.89) 39,404.00 26,628.89 67.6%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS25,192.55 25,274.00 (81.45) 126,033.06 143,911.00 (17,877.94) 295,561.00 169,527.94 57.4%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer236.34 500.00 (263.66) 1,328.18 3,000.00 (1,671.82) 6,300.00 4,971.82 78.9%6703762 Supplies-Office45.31 105.00 (59.69) 1,484.70 630.00 854.70 1,260.00 (224.70) -17.8%6703768 Supplies-Printing & Stationery26.05 400.00 (373.95) 486.71 900.00 (413.29) 3,300.00 2,813.29 85.3%Total-G&A-SUPPLIES & MATERIALS307.70 1,005.00 (697.30) 3,299.59 4,530.00 (1,230.41) 10,860.00 7,560.41 69.6%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment43.83 100.00 (56.17) 43.83 1,300.00 (1,256.17) 1,900.00 1,856.17 97.7%Total-G&A-REPAIRS & MAINTENANCE43.83 100.00 (56.17) 43.83 1,300.00 (1,256.17) 1,900.00 1,856.17 97.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 3,000.00 3,000.00 - 6,000.00 3,000.00 50.0%6709150 Dues & Subscriptions150.00 50.00 100.00 770.00 400.00 370.00 1,150.00 380.00 33.0%6709180 Employee Recruiting/Relocation55.00 200.00 (145.00) 631.07 650.00 (18.93) 1,200.00 568.93 47.4%6709197 Equipment Rental501.93 550.00 (48.07) 3,901.38 3,300.00 601.38 6,600.00 2,698.62 40.9%6709202 Fees-Bank100.55 90.00 10.55 610.79 540.00 70.79 1,080.00 469.21 43.4%6709208 Fees-Payroll Processing385.82 1,000.00 (614.18) 2,086.94 6,000.00 (3,913.06) 12,000.00 9,913.06 82.6%6709220 Freight/Delivery- 50.00 (50.00) - 300.00 (300.00) 600.00 600.00 100.0%6709490 Miscellaneous1,800.51 3,000.00 (1,199.49) 4,367.01 6,000.00 (1,632.99) 6,600.00 2,232.99 33.8%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services421.98 75.00 346.98 703.08 450.00 253.08 900.00 196.92 21.9%6709625 Professional Fees748.76 850.00 (101.24) 9,214.19 5,100.00 4,114.19 10,200.00 985.81 9.7%6709636 Promotion/Entertainment- 100.00 (100.00) - 600.00 (600.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) 979.13 1,200.00 (220.87) 2,400.00 1,420.87 59.2%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms238.90 75.00 163.90 402.13 600.00 (197.87) 1,050.00 647.87 61.7%Total-G&A-OTHER EXPENSES4,903.45 6,740.00 (1,836.55) 26,665.72 28,240.00 (1,574.28) 52,080.00 25,414.28 48.8%30,447.53 33,119.00 (2,671.47) 156,042.20 177,981.00 (21,938.80) 360,401.00 204,358.80 56.7%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetDecember 201910 December 2019 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts9,829.27 12,000.00 (2,170.73) 58,975.62 64,650.00 (5,674.38) 136,650.00 77,674.38 6800193 Equipment Leases-Maintenance 13,146.76 9,500.00 3,646.76 59,052.76 57,000.00 2,052.76 114,000.00 54,947.24 6800194 Equipment Leases-Trailer- 300.00 (300.00) 4,077.22 1,800.00 2,277.22 3,600.00 (477.22) 6800196 Equipment Leases-GPS3,870.00 2,900.00 970.00 23,220.00 21,400.00 1,820.00 38,800.00 15,580.00 6800197 Equipment Leases-Others1,525.91 1,950.00 (424.09) 11,836.02 8,500.00 3,336.02 20,200.00 8,363.98 28,371.94 26,650.001,721.94 157,161.62153,350.003,811.62 313,250.00 156,088.3869-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,880.00 9,880.00 - 59,280.00 59,280.00 - 118,560.00 59,280.00 6900800 Personal Property Taxes- - - 13,171.65 11,800.00 1,371.65 11,800.00 (1,371.65) 6900323 Insurance-Commercial 5,064.99 4,000.00 1,064.99 30,741.17 24,000.00 6,741.17 48,000.00 17,258.83 14,944.99 13,880.001,064.99 103,192.8295,080.00 8,112.82 178,360.00 75,167.18 Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to DateYear to DateDecember 201911 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-20202019 2019 2019 2019 2019 2019Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMedia4SalesPromotion10Golf IndustryVIPCelebrityPGA Comp4543622Charity/Gift Certificate441817Rain/Wind Checks125Club Staff13 22 35427 50LQ HS Golf5522 36 45841 1092020 2020 2020 2020 2020 2020Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-2020December 2019 Date TimeDescriptionCategoryPlayers12/8/2019 11:50 AM John WhitePromo 212/12/20197:50 AMJason KoskyPromo412/24/201911:00:00 AMFrank CullenPromo413