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07 January 2020 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2019 – January 2020 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 DescriptionJanuary 2020Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue400,810.15 382,978.00 17,832.15 4.7% 1,293,669.78 1,318,809.00 (25,139.22) 3,209,134.00 1,915,464.22 40%401000 Miscellaneous Golf Revenue38,082.00 42,400.00 (4,318.00) -10.2% 129,238.50 141,738.00 (12,499.50) 300,066.00 170,827.50 43%410000 Revenue-Golf Shop25,971.84 26,983.00 (1,011.16) -3.7% 94,394.10 106,085.00 (11,690.90) 249,256.00 154,861.90 38%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%7,500.00 7,500.00 - 12,000.00 4,500.00 63%890000 Interest Income0.05 - 0.05 0.0%0.37 - 0.37 - (0.37) 0%Total Income466,364.04 453,861.00 12,503.04 2.8% 1,524,802.75 1,574,132.00 (49,329.25) 3,770,456.00 2,245,653.25 40%Cost of Goods Sold510000 COS-Golf Shop14,700.62 15,102.00 (401.38) 2.7% 55,350.56 59,374.00 4,023.44 139,509.00 84,158.44 40%Total COS14,700.62 15,102.00 (401.38) 2.7% 55,350.56 59,374.00 4,023.44 139,509.00 84,158.44 40%Gross Profit451,663.42 438,759.00 12,904.42 2.9% 1,469,452.19 1,514,758.00 (45,305.81) 3,630,947.00 2,161,494.81 40%Expenses610000 Golf Pro Shop17,210.70 20,687.00 (3,476.30) 16.8% 109,278.01 111,358.00 (2,079.99) 208,393.00 99,114.99 52%630000 Course Maintenance137,383.04 126,677.00 10,706.04 -8.5% 1,021,242.27 1,111,409.00 (90,166.73) 1,783,663.00 762,420.73 57%633000 Maintenance Water & Energy17,909.90 17,713.00 196.90 -1.1% 134,417.75 137,069.00 (2,651.25) 249,838.00 115,420.25 54%640000 Outside Services50,234.20 42,146.00 8,088.20 -19.2% 246,543.54 221,140.00 25,403.54 396,373.00 149,829.46 62%650000 Clubhouse9,474.71 10,401.00 (926.29) 8.9% 73,348.80 72,607.00 741.80 125,312.00 51,963.20 59%660000 Marketing23,744.69 25,297.00 (1,552.31) 6.1% 131,562.52 125,734.00 5,828.52 222,203.00 90,640.48 59%670000 General & Administrative30,141.12 30,219.00 (77.88) 0.3% 186,183.32 208,200.00 (22,016.68) 360,401.00 174,217.68 52%680000 Leases25,666.64 26,650.00 (983.36) 3.7% 182,828.26 180,000.00 2,828.26 313,250.00 130,421.74 58%690000 Miscellaneous Other Expense14,944.99 13,880.00 1,064.99 -7.7% 118,137.81 108,960.00 9,177.81 178,360.00 60,222.19 66%Total Expenses326,709.99 313,670.00 13,039.99 -4.2% 2,203,542.28 2,276,477.00 72,934.72 3,837,793.00 1,634,250.72 57%124,953.43 125,089.00 (135.57) -0.1%(734,090.09) (761,719.00) 27,628.91 (206,846.00) 527,244.09 0%Rounds of Golf PlayedPaid Rounds Played4,766 4,497 269 6.0%20,172 20,722 (550) 43,667 23,495 46%Ave $ Per Paid Round Green Fee84.10 85.16 (1.07) -1.3%64.13 63.64 0.49 73.49 9.36 87%Ave $ Per Paid Round Merchandise5.45 6.00 (0.55) -9.2%4.68 5.12 (0.44) 5.71 1.03 82%Ave $ Per Paid Miscellaneous 7.99 9.43 (1.44) -15.3%6.41 6.84 (0.43) 6.87 0.46 93%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateJanuary 20201 Income January 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees400,810.15 382,978.00 17,832.15 1,293,669.78 1,318,809.00 (25,139.22) 3,209,134.00 1,915,464.22 59.7%4010000 Rider Fee1,300.00 1,400.00 (100.00) 5,010.00 3,628.00 1,382.00 7,807.00 2,797.00 35.8%4040000 Club Rental2,550.00 2,500.00 50.00 11,635.00 8,938.00 2,697.00 21,087.00 9,452.00 44.8%4050000 Driving Range11,725.00 15,000.00 (3,275.00) 30,868.00 44,172.00 (13,304.00) 94,872.00 64,004.00 67.5%4060000 Handicap Fees912.00 1,700.00 (788.00) 1,868.00 1,700.00 168.00 2,500.00 632.00 25.3%4090000 Ball Retriever/Subcontract540.00 500.00 40.00 2,027.50 1,500.00 527.50 2,500.00 472.50 18.9%4091000 Golf Professional Rental Fee 1,000.00 1,000.00 - 3,000.00 3,000.00 - 6,000.00 3,000.00 50.0%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue20,055.00 22,000.00 (1,945.00) 74,830.00 78,800.00 (3,970.00) 165,300.00 90,470.00 54.7% Total Revenue Fees438,892.15 427,078.0011,814.15 1,422,908.281,460,547.00 (37,638.72) 3,509,200.00 2,086,291.72 59.5%438,892.15 427,078.0011,814.15 1,422,908.281,460,547.00 (37,638.72) 3,509,200.00 2,086,291.72 59.5%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetJanuary 20202 RevenuesActual BudgetVariance$38,082.00 $42,400.00(4,318.00)Unfavorable: Due to reduced driving range revenue as a result of access and the range was reduced in size due to construction.ExpensesActual BudgetVariance$17,210.70 $20,687.00(3,476.30)Favorable: Due to line expense items seminars not utilized and uniforms all expensed previous month.Actual BudgetVariance$50,234.20 $42,146.008,088.20Unfavorable: Due to additional maintenance requirements on previous golf cart fleet. The new fleet arrived three months late. Additionally, linens,towels and cart clothes increased in expense which we are looking into for verification.Outside ServicesVariance ExplanationJanuary 2020The 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%.Miscellaneous Golf Revenue3-20-133 IncomeJanuary 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous1,508.84 - 1,508.84 5,477.86 - 5,477.86 00 0%4100110 Sales Hard Goods9,314.33 6,746.00 2,568.33 42,698.34 26,522.00 16,176.34 62,314.00 19,615.66 31.5%4100112 Sales-Soft Goods19,934.00 20,237.00 (303.00) 61,866.75 79,563.00 (17,696.25) 186,942.00 125,075.25 66.9%5100639 GS-Discounts-Mdse(4,785.33) - (4,785.33) (15,648.85) - (15,648.85) - 15,648.85 0.0% Total Revenue Golf Shop25,971.84 26,983.00 (1,011.16) 94,394.10 106,085.00 (11,690.90) 249,256.00 160,339.76 64.3%COS 5100150 COS-GS-Hard Goods5,438.05 3,912.00 1,526.05 25,045.73 15,381.00 9,664.73 34,877.15 9,831.42 28.2%5100151 COS-GS-Soft Goods9,120.18 11,737.00 (2,616.82) 29,412.11 46,146.00 (16,733.89) 104,631.44 75,219.33 71.9%5100152 COS-GS-Purchase Disc (127.25) (782.00) 654.75 (414.57) (3,076.00) 2,661.43 (7,228.00) (6,813.43) 94.3%5100220 COS-GS-Freight Merch269.64 235.00 34.64 1,307.29 923.00 384.29 2,169.00 861.71 39.7%Cost of Sales - Golf Shop14,700.62 15,102.00 (401.38) 55,350.56 59,374.00 (4,023.44) 134,449.59 79,099.03 58.8%Gross Profit 11,271.22 11,881.00 (609.78) 39,043.54 46,711.00 (7,667.46) 114,806.41 81,240.73 70.8%COS % 56.6% 56.0% -0.6% 58.6% 56.0% -2.7% 53.1% 49.3% 92.9%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group189.72 490.00 (300.28) 2,922.23 3,430.00 (507.77) 5,880.00 2,957.77 50.3%6101325 Insurance-Workers Comp 355.84 579.00 (223.16) 3,913.64 3,234.00 679.64 6,054.00 2,140.36 35.4%6101720 Salaries5,008.16 4,400.00 608.16 35,057.12 30,800.00 4,257.12 65,000.00 29,942.88 46.1%6101800 Taxes-Employer Payroll 2,157.84 1,545.00 612.84 7,928.56 8,626.00 (697.44) 16,144.00 8,215.44 50.9%6101880 Wages-Hourly9,273.00 11,048.00 (1,775.00) 51,736.88 55,458.00 (3,721.12) 98,874.00 47,137.12 47.7%6101882 Wages-Overtime44.63 - 44.63 697.54 - 697.54 - 952.88 0.0%Total -PS-SALARIES & BENEFITS17,029.19 18,062.00 (1,032.81) 102,255.97 101,548.00 707.97 191,952.00 91,346.45 47.6%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 1,347.48 - 1,347.48 - (1,347.48) 0.0%6103762 Supplies-Office146.01 250.00 (103.99) 2,589.45 1,750.00 839.45 3,000.00 410.55 13.7%6109220 Freight & Delivery- - - 134.88 75.00 59.88 75.00 (59.88) -79.8%6109490 Miscellaneous- 500.00 (500.00) 673.13 3,500.00 (2,826.87) 6,000.00 5,326.87 88.8%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(28.77) - (28.77) 31.49 - 31.49 - (31.49) 0.0%6109722 Seminars/Training- 1,250.00 (1,250.00) - 2,300.00 (2,300.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 15.00 (15.00) 90.00 90.00 100.0%6109820 Uniforms- 500.00 (500.00) 1,834.72 1,400.00 434.72 2,400.00 565.28 23.6%6117840 Telephones64.27 110.00 (45.73) 410.89 770.00 (359.11) 1,320.00 909.11 68.9%181.51 2,625.00 (2,443.49) 7,022.04 9,810.00 (2,787.96) 18,875.00 11,852.96 62.8%17,210.70 20,687.00 (3,476.30) 109,278.01 111,358.00 (2,079.99) 210,827.00 103,199.41 48.9%Net Income(5,939.48) (8,806.00) 2,866.52 (70,234.47) (64,647.00) (5,587.47) (96,020.59) (21,958.68) 22.9%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetJanuary 20204 January 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,244.55 9,810.00 (2,565.45) 60,234.67 68,670.00 (8,435.33) 117,720.00 57,485.33 48.8%6311325 Insurance-Workers Comp1,279.48 2,614.00 (1,334.52) 15,643.60 15,942.00 (298.40) 28,929.00 13,285.40 45.9%6311720 Salaries13,012.76 12,480.00 532.76 91,089.32 87,360.00 3,729.32 166,400.00 75,310.68 45.3%6311800 Taxes-Employer Payroll8,404.96 6,971.00 1,433.96 32,070.28 43,050.00 (10,979.72) 77,767.00 45,696.72 58.8%6311880 Wages-Hourly52,872.62 57,228.00 (4,355.38) 300,766.24 327,131.00 (26,364.76) 592,769.00 292,002.76 49.3%6311882 Wages-Overtime1,874.64 - 1,874.64 29,969.73 16,000.00 13,969.73 18,500.00 (11,469.73) -62.0%Total-CM-SALARIES & BENEFITS84,689.01 89,103.00 (4,413.99) 529,773.84 558,153.00 (28,379.16) 1,002,085.00 472,311.16 47.1%63-CM-SUPPLIES & MATERIALS6313734 Chemicals4,151.69 3,033.00 1,118.69 25,396.81 36,256.00 (10,859.19) 50,060.00 24,663.19 49.3%6313744 Fertilizer4,552.10 3,000.00 1,552.10 54,958.08 71,880.00 (16,921.92) 104,520.00 49,561.92 47.4%6313745 Herbicides- - - 1,815.13 - 1,815.13 - (1,815.13) 0.0%6313746 Flowers/Plants- 750.00 (750.00) (43.37) 2,750.00 (2,793.37) 3,050.00 3,093.37 101.4%6313748 Fuel-Gasoline3,410.92 3,570.00 (159.08) 25,020.91 27,820.00 (2,799.09) 46,860.00 21,839.09 46.6%6313750 Golf Course Accessories6,571.36 - 6,571.36 18,662.45 12,300.00 6,362.45 13,140.00 (5,522.45) -42.0%6313756 POA Control- - - 160.00 9,900.00 (9,740.00) 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp730.84 100.00 630.84 3,532.72 3,850.00 (317.28) 4,350.00 817.28 18.8%6313762 Supplies-Office174.17 - 174.17 1,213.35 - 1,213.35 - (1,213.35) 0.0%6313774 Sand450.44 380.00 70.44 6,102.59 12,960.00 (6,857.41) 13,460.00 7,357.41 54.7%6313776 Seed- - - 103,541.97 117,400.00 (13,858.03) 117,400.00 13,858.03 11.8%6313778 Small Tools & Non-Capital Equip789.03 100.00 689.03 3,421.49 4,500.00 (1,078.51) 5,000.00 1,578.51 31.6%6313780 Sod- - - 9,606.61 10,800.00 (1,193.39) 15,500.00 5,893.39 38.0%6313782 Topdressing- - - 774.46 7,000.00 (6,225.54) 10,000.00 9,225.54 92.3%Total-CM-SUPPLIES & MATERIALS20,830.55 10,933.00 9,897.55 254,163.20 317,416.00 (63,252.80) 393,240.00 139,076.80 35.4%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint3,500.00 - 3,500.00 31,078.19 19,250.00 11,828.19 30,800.00 (278.19) -0.9%6315685 CM-R&M-Bldngs & Othr Structures381.32 250.00 131.32 8,166.59 4,300.00 3,866.59 5,550.00 (2,616.59) -47.1%6315690 CM-R&M-Equipment2,924.34 2,500.00 424.34 28,987.98 27,000.00 1,987.98 38,500.00 9,512.02 24.7%6315692 CM-R&M-Irrigation System2,296.00 1,200.00 1,096.00 13,928.57 14,050.00 (121.43) 19,050.00 5,121.43 26.9%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 1,163.05 7,000.00 (5,836.95) 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 & MAINTENANCE9,101.66 4,950.00 4,151.66 88,254.38 77,650.00 10,604.38 116,450.00 28,195.62 24.2%6317836 Utilities-Natural Gas/LPG51.62 15.00 36.62 171.92 105.00 66.92 180.00 8.08 0.0%6317840 Telephones732.35 850.00 (117.65) 5,540.34 5,950.00 (409.66) 10,200.00 4,659.66 45.7%Total-CM-UTILITIES783.97 865.00 (81.03) 5,712.26 6,055.00 (342.74) 10,380.00 4,667.74 45.0%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%6319100 Contract Svcs-Soil/Tissue Test85.00 - 85.00 85.00 1,000.00 (915.00) 2,000.00 1,915.00 95.8%6319102 Contract Svcs-Trash Removal164.18 524.00 (359.82) 820.90 3,668.00 (2,847.10) 6,288.00 5,467.10 86.9%6319150 Dues & Subscriptions255.00 - 255.00 675.00 - 675.00 680.00 5.00 0.7%6319170 Employee Education- 50.00 (50.00) - 350.00 (350.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) - 2,500.00 (2,500.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits- - - 1,595.86 400.00 1,195.86 4,300.00 2,704.14 62.9%6319490 Miscellaneous1,087.49 100.00 987.49 1,182.95 700.00 482.95 1,200.00 17.05 1.4%6319718 Safety Equipment & Training140.40 400.00 (259.60) 1,988.48 3,150.00 (1,161.52) 3,850.00 1,861.52 48.4%6319822 Uniforms1,192.17 920.00 272.17 8,403.62 6,440.00 1,963.62 11,040.00 2,636.38 23.9%Total-CM-OTHER EXPENSES3,324.24 2,594.00 730.24 17,551.81 21,008.00 (3,456.19) 41,458.00 23,906.19 57.7%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementAnnual BudgetJanuary 20205 January 2020Final 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 21,587.38 17,150.00 4,437.38 29,400.00 7,812.62 26.6%6321325 Insurance-Workers Comp411.20 500.00 (88.80) 4,204.30 3,537.00 667.30 5,955.00 1,750.70 29.4%6321800 Taxes-Employer Payroll1,052.01 1,333.00 (280.99) 5,910.11 9,544.00 (3,633.89) 15,995.00 10,084.89 63.1%6321880 Wages-Hourly12,801.41 13,334.00 (532.59) 86,019.39 92,048.00 (6,028.61) 156,528.00 70,508.61 45.0%6321882 Wages-Overtime408.00 - 408.00 4,462.52 3,418.00 1,044.52 3,418.00 (1,044.52) -30.6%Total-CM-LM-SALARIES & BENEFITS 18,080.85 17,617.00 463.85 122,183.70 125,697.00 (3,513.30) 211,296.00 89,112.30 42.2%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools - 75.00 (75.00) - 650.00 (650.00) 1,025.00 1,025.00 100.0%6323788 Uniforms572.76 290.00 282.76 1,805.08 2,030.00 (224.92) 3,480.00 1,674.92 48.1%Total-CM-LM-SUPPLIES & MATERIALS 572.76 365.00 207.76 1,805.08 2,680.00 (874.92) 4,505.00 2,699.92 59.9%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation - 250.00 (250.00) 1,798.00 2,750.00 (952.00) 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE - 250.00 (250.00) 1,798.00 2,750.00 (952.00) 4,250.00 2,452.00 57.7%137,383.04 126,677.00 10,706.04 1,021,242.27 1,111,409.00 (90,166.73) 1,783,664.00 762,421.73 42.7% January 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 8,309.89 7,697.00 612.89 81,503.78 68,863.00 12,640.78 179,791.00 98,287.22 54.7%6337842 Utilities-Water9,600.01 10,016.00 (415.99) 52,913.97 68,206.00 (15,292.03) 70,047.00 17,133.03 24.5%17,909.90 17,713.00 196.90 134,417.75 137,069.00 (2,651.25) 249,838.00 115,420.25 46.2%Silverrock ResortCourse Maintenance Water & EnergyJanuary 2020Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementJanuary 2020Silverrock ResortAnnual BudgetMonth to Date Year to Date6 January 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group596.30 304.00 292.30 1,459.62 2,128.00 (668.38) 3,648.00 2,188.38 60.0%6411325 Insurance-Workers Comp468.88 848.00 (379.12) 3,922.76 3,914.00 8.76 7,482.00 3,559.24 47.6%6411800 Taxes-Employer Payroll3,278.67 2,816.00 462.67 10,417.58 12,994.00 (2,576.42) 24,841.00 14,423.42 58.1%6411880 Wages-Hourly22,955.50 22,620.00 335.50 100,201.83 104,364.00 (4,162.17) 199,524.00 99,322.17 49.8%6411882 Wages-Overtime1,919.81 - 1,919.81 5,724.20 - 5,724.20 - (5,724.20) 0.0%Total-CBR-SALARIES & BENEFITS29,219.16 26,588.002,631.16 121,725.99123,400.00(1,674.01) 235,495.00 113,769.01 48.3%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 75.00 (75.00) 57.56 1,575.00 (1,517.44) 1,850.00 `0.0%6413742 Supplies-Expendable302.93 1,000.00 (697.07) 4,830.60 4,450.00 380.60 6,750.00 1,919.40 28.4%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) - 1,350.00 (1,350.00) 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) 54.11 275.00 (220.89) 525.00 470.89 89.7%6413768 Supplies-Printing and Stationary92.73 70.00 22.73 92.73 70.00 22.73 420.00 327.27 77.9%6413786 Supplies-Towels480.00 250.00 230.00 2,400.00 1,110.00 1,290.00 2,182.00 (218.00) -10.0%6413796 Supplies-Bottled Water476.33 200.00 276.33 17,967.92 15,000.00 2,967.92 19,900.00 1,932.08 9.7%Total-CBR-SUPPLIES & MATERIALS1,351.99 2,095.00 (743.01) 36,169.17 33,830.00 2,339.17 44,627.00 6,665.39 14.9%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 161.24 300.00 (138.76) 688.74 2,100.00 (1,411.26) 3,600.00 2,911.26 80.9%6415695 CBR-R&M-Cart Maintenance & Repair 5,301.19 500.00 4,801.19 18,932.81 3,950.00 14,982.81 6,450.00 (12,482.81) -193.5%Total-CBR-REPAIRS & MAINTENANCE5,462.43 800.00 4,662.43 19,621.55 6,050.00 13,571.55 10,050.00 (9,571.55) -95.2%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen2,982.90 800.00 2,182.90 9,477.04 5,600.00 3,877.04 9,600.00 122.96 1.3%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous- 600.00 (600.00) 2,135.18 4,200.00 (2,064.82) 7,200.00 5,064.82 70.3%6419820 Uniforms- - - 3,387.55 3,000.00 387.55 5,200.00 1,812.45 34.9%Total-CBR-OTHER EXPENSES2,982.90 1,400.00 1,582.90 14,999.77 13,250.00 1,749.77 22,450.00 7,450.23 33.2%TOTAL-CARTS,BAGROOM & RANGE 39,016.48 30,883.001,582.90 192,516.48176,530.0015,986.48 312,622.00 118,313.08 37.8%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp187.00 362.00 (175.00) 2,097.41 1,385.00 712.41 2,630.00 532.59 20.3%6431800 Taxes-Employer Payroll1,221.07 966.00 255.07 4,290.46 3,697.00 593.46 7,013.00 2,722.54 38.8%6431880 Wages-Hourly9,809.65 9,660.00 149.65 43,918.90 36,953.00 6,965.90 70,133.00 26,214.10 37.4%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS11,217.72 10,988.00229.72 50,306.77 42,035.00 8,271.77 79,776.00 29,469.23 36.9%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 367.61 600.00 (232.39) 1,050.00 682.39 65.0%6439490 Miscellaneous- 50.00 (50.00) - 200.00 (200.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) 58.46 350.00 (291.54) 600.00 541.54 90.3%6439820 Uniforms- 75.00 (75.00) 3,294.22 1,425.00 1,869.22 2,125.00 (1,169.22) -55.0%Total-CS-OTHER EXPENSES- 275.00 (275.00) 3,720.29 2,575.00 1,145.29 3,975.00 254.71 6.4%Total-COURSE SERVICES11,217.72 11,263.00(45.28) 54,027.06 44,610.00 9,417.06 83,751.00 29,723.94 35.5%50,234.20 42,146.008,088.20 246,543.54221,140.0025,403.54 396,373.00 147,782.31 37.3%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetJanuary 20207 January 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7%65-CH-UTILITIES6507836 Utilities-Natural Gas- 850.00 (850.00) 5,261.88 5,950.00 (688.12) 10,200.00 4,938.12 48.4%6507840 Utilities-Telephone1,499.06 1,150.00 349.06 8,070.08 8,050.00 20.08 13,800.00 5,729.92 41.5%6507842 Utilities-Water689.43 321.00 368.43 5,397.01 2,247.00 3,150.01 3,852.00 (1,545.01) -40.1%6507844 Utilities-Cable310.98 380.00 (69.02) 2,535.10 2,660.00 (124.90) 4,560.00 2,024.90 44.4%Total-CH-UTILITIES2,499.47 2,701.00 (201.53) 21,264.07 18,907.00 2,357.07 32,412.00 11,147.93 34.4%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning480.00 400.00 80.00 3,515.00 2,800.00 715.00 4,800.00 1,285.00 26.8%6509099 Contract Services-Security5,435.24 5,000.00 435.24 38,900.40 35,000.00 3,900.40 60,000.00 21,099.60 35.2%6509215 Flowers & Decorations- 500.00 (500.00) 713.10 1,000.00 (286.90) 1,900.00 1,186.90 62.5%6509490 Miscellaneous126.50 200.00 (73.50) 1,790.74 3,700.00 (1,909.26) 7,000.00 5,209.26 74.4%6509718 Safety Equipment & Training- 100.00 (100.00) 163.07 700.00 (536.93) 1,200.00 1,036.93 86.4%Total-CH-OTHER EXPENSES6,041.74 6,200.00 (158.26) 45,082.31 43,200.00 1,882.31 74,900.00 29,817.69 39.8%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures83.50 300.00 (216.50) 2,952.42 2,100.00 852.42 3,600.00 647.58 18.0%6515686 CH-R&M-Restaurant Repairs450.00 400.00 50.00 450.00 2,800.00 (2,350.00) 4,800.00 4,350.00 90.6%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 800.00 2,800.00 (2,000.00) 4,800.00 4,000.00 83.3%Total-CH-REPAIRS & MAINTENANCE533.50 1,100.00 (566.50) 4,202.42 7,700.00 (3,497.58) 13,200.00 8,997.58 68.2%9,474.71 10,401.00(926.29) 73,348.80 72,607.00 741.80 125,312.00 17,995.16 14.4%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetJanuary 20208 January 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 2,792.37 2,436.00 356.37 4,176.00 1,383.63 33.1%6601325 Insurance-Workers Comp54.58 94.00 (39.42) 667.29 658.00 9.29 1,129.00 461.71 40.9%6601720 Salaries2,415.00 2,508.00 (93.00) 17,220.81 17,556.00 (335.19) 30,096.00 12,875.19 42.8%6601800 Taxes-Employer Payroll243.40 251.00 (7.60) 1,703.80 1,757.00 (53.20) 3,010.00 1,306.20 43.4%Total-MKT-SALARIES & BENEFITS3,111.89 3,201.00 (89.11) 22,384.27 22,407.00 (22.73) 38,411.00 16,026.73 41.7%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 584.26 700.00 (115.74) 1,200.00 615.74 51.3%6603768 Supplies-Printing & Stationery76.86 200.00 (123.14) 4,278.63 3,800.00 478.63 4,425.00 146.37 3.3%76.86 300.00 (223.14) 4,862.89 4,500.00 362.89 5,625.00 762.11 13.5%66-MKT-UTILITIES6607840 Utilities-Telephone 175.44 100.00 75.44 1,010.06 700.00 310.06 1,200.00 189.94 15.8%Total-MKT-UTILITIES175.44 100.00 75.44 1,010.06 700.00 310.06 1,200.00 189.94 15.8%66-MKT-OTHER EXPENSES6609010 Advertising 17,186.00 20,161.00 (2,975.00) 92,280.93 91,592.00 688.93 163,133.00 70,852.07 43.4%6609040 Business Meals- 25.00 (25.00) - 175.00 (175.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) 6,214.98 2,000.00 4,214.98 5,500.00 (714.98) -13.0%6609102 Contract Services-Web Page1,947.00 150.00 1,797.00 3,289.00 1,050.00 2,239.00 1,800.00 (1,489.00) -82.7%6609490 Miscellaneous- 50.00 (50.00) - 150.00 (150.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) 117.61 350.00 (232.39) 600.00 482.39 80.4%6609630 Promotion- 300.00 (300.00) - 450.00 (450.00) 700.00 700.00 100.0%6609633 Promotion-Community1,001.98 75.00 926.98 1,001.98 1,875.00 (873.02) 2,250.00 1,248.02 55.5%6609634 Promotion-Media/Vendor- 300.00 (300.00) - - - 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- 35.00 (35.00) - 35.00 (35.00) 735.00 735.00 100.0%6609820 Uniforms245.52 50.00 195.52 400.80 450.00 (49.20) 600.00 199.20 33.2%Total-MKT-OTHER EXPENSES20,380.50 21,696.00 (1,315.50) 103,305.30 98,127.00 5,178.30 176,968.00 73,662.70 41.6%23,744.69 25,297.00 (1,552.31) 131,562.52 125,734.00 5,828.52 222,204.00 90,641.48 40.8%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetJanuary 20209 January 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,496.41 2,180.00 316.41 19,722.07 15,260.00 4,462.07 26,160.00 6,437.93 24.6%6701325 Insurance-Workers Comp678.67 761.00 (82.33) 3,992.09 5,073.00 (1,080.91) 8,881.00 4,888.91 55.0%6701720 Salaries17,080.43 17,012.00 68.43 102,810.46 111,605.00 (8,794.54) 197,432.00 94,621.54 47.9%6701800 Taxes-Employer Payroll2,366.62 2,030.00 336.62 9,355.46 13,530.00 (4,174.54) 23,684.00 14,328.54 60.5%6701880 Wages-Hourly2,777.56 3,291.00 (513.44) 15,552.67 23,717.00 (8,164.33) 39,404.00 23,851.33 60.5%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS25,399.69 25,274.00 125.69 151,432.75 169,185.00 (17,752.25) 295,561.00 144,128.25 48.8%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer202.60 500.00 (297.40) 1,530.78 3,500.00 (1,969.22) 6,300.00 4,769.22 75.7%6703762 Supplies-Office61.30 105.00 (43.70) 1,546.00 735.00 811.00 1,260.00 (286.00) -22.7%6703768 Supplies-Printing & Stationery675.98 400.00 275.98 1,162.69 1,300.00 (137.31) 3,300.00 2,137.31 64.8%Total-G&A-SUPPLIES & MATERIALS939.88 1,005.00 (65.12) 4,239.47 5,535.00 (1,295.53) 10,860.00 6,620.53 61.0%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 43.83 1,400.00 (1,356.17) 1,900.00 1,856.17 97.7%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 43.83 1,400.00 (1,356.17) 1,900.00 1,856.17 97.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 3,500.00 3,500.00 - 6,000.00 2,500.00 41.7%6709150 Dues & Subscriptions129.41 100.00 29.41 899.41 500.00 399.41 1,150.00 250.59 21.8%6709180 Employee Recruiting/Relocation60.00 150.00 (90.00) 691.07 800.00 (108.93) 1,200.00 508.93 42.4%6709197 Equipment Rental501.93 550.00 (48.07) 4,403.31 3,850.00 553.31 6,600.00 2,196.69 33.3%6709202 Fees-Bank118.15 90.00 28.15 728.94 630.00 98.94 1,080.00 351.06 32.5%6709208 Fees-Payroll Processing1,213.30 1,000.00 213.30 3,300.24 7,000.00 (3,699.76) 12,000.00 8,699.76 72.5%6709220 Freight/Delivery- 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0%6709490 Miscellaneous169.00 100.00 69.00 4,536.01 6,100.00 (1,563.99) 6,600.00 2,063.99 31.3%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services- 75.00 (75.00) 703.08 525.00 178.08 900.00 196.92 21.9%6709625 Professional Fees859.76 850.00 9.76 10,073.95 5,950.00 4,123.95 10,200.00 126.05 1.2%6709636 Promotion/Entertainment- 100.00 (100.00) - 700.00 (700.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training250.00 200.00 50.00 1,229.13 1,400.00 (170.87) 2,400.00 1,170.87 48.8%6709810 Travel- - - - 100.00 (100.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 (75.00) 402.13 675.00 (272.87) 1,050.00 647.87 61.7%Total-G&A-OTHER EXPENSES3,801.55 3,840.00 (38.45) 30,467.27 32,080.00 (1,612.73) 52,080.00 21,612.73 41.5%30,141.12 30,219.00 (77.88) 186,183.32 208,200.00 (22,016.68) 360,401.00 174,217.68 48.3%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetJanuary 202010 January 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts10,636.93 12,000.00 (1,363.07) 69,612.55 76,650.00 (7,037.45) 136,650.00 67,037.45 6800193 Equipment Leases-Maintenance9,636.56 9,500.00 136.56 68,689.32 66,500.00 2,189.32 114,000.00 45,310.68 6800194 Equipment Leases-Trailer- 300.00 (300.00) 4,077.22 2,100.00 1,977.22 3,600.00 (477.22) 6800196 Equipment Leases-GPS2,640.00 2,900.00 (260.00) 25,860.00 24,300.00 1,560.00 38,800.00 12,940.00 6800197 Equipment Leases-Others2,753.15 1,950.00 803.15 14,589.17 10,450.00 4,139.17 20,200.00 5,610.83 25,666.64 26,650.00(983.36) 182,828.26180,000.002,828.26 313,250.00 130,421.7469-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,880.00 9,880.00 - 69,160.00 69,160.00 - 118,560.00 49,400.00 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 35,806.16 28,000.00 7,806.16 48,000.00 12,193.84 14,944.99 13,880.001,064.99 118,137.81108,960.009,177.81 178,360.00 60,222.19 Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to DateYear to DateJanuary 202011 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 CategoryJanuaryFebruaryMarchAprilMayJuneMedia8SalesPromotionGolf IndustryVIPCelebrityPGA Comp13Charity/Gift Certificate27Rain/Wind ChecksClub Staff56LQ HS Golf121160000012 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2019-2020January 2020 Date Time DescriptionCategoryPlayers1/13/2020 10:40 AM Mike SharpMedia 412/12/2019 12:10 PM Ken AlteriMedia 21/23/2020 12:20 PM Judd SpicerMedia 213