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05 November 2020 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 1, 2020 – November 30, 2020 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Variance Report – Covid-19 3 Golf Shop Income Statement 4 Course Maintenance Expense Statement 5 Outside Service Expense Statement 6 Clubhouse Expense Statement 7 Marketing Expense Statement 8 General & Administrative Expense Statement 9 Operating Leases & Miscellaneous Expense Statement 10 Complimentary Report 11 Account Description November 2020Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Income400000 Golf Green Fee Revenue275,619.70 249,744.00 25,875.70 10.4% 666,366.30 519,666.00 146,700.30 401000 Miscellaneous Golf Revenue 34,435.00 26,000.00 8,435.00 32.4% 65,100.00 36,000.00 29,100.00 410000 Revenue-Golf Shop14,441.84 10,075.00 4,366.84 43.3% 42,097.86 17,353.00 24,744.86 620000 Food & Beverage Revenue55,476.43 28,575.00 26,901.43 94.1% 123,875.79 58,575.00 65,300.79 Total Income379,972.97 314,394.00 65,578.97 20.9% 897,439.95 631,594.00 265,845.95 Cost of Goods Sold510000 COS-Golf Shop8,824.39 5,434.97 3,389.42 -62.4% 24,323.81 9,359.48 (14,964.33) 520000 COS-Food & Beverage19,971.51 10,328.00 9,643.51 -93.4% 44,595.28 18,029.00 (26,566.28) Total COS28,795.90 15,762.97 13,032.93 -82.7% 68,919.09 27,388.48 (41,530.61) Gross Profit351,177.07 298,631.03 52,546.04 17.6% 828,520.86 604,205.52 224,315.34 Expenses610000 Golf Pro Shop 19,613.39 19,566.00 47.39 -0.2% 66,190.26 58,244.00 7,946.26 630000 Course Maintenance146,391.97 151,905.00 (5,513.03) 3.6% 605,780.07 774,704.00 (168,923.93) 633000 Maintenance Water & Energy 15,668.32 15,369.00 299.32 -1.9% 79,909.35 102,581.00 (22,671.65) 640000 Outside Services38,141.09 53,973.00 (15,831.91) 29.3% 122,810.87 127,422.00 (4,611.13) 650000 Clubhouse9,732.28 10,301.00 (568.72) 5.5% 45,971.35 52,005.00 (6,033.65) 660000 Marketing24,876.09 27,067.00 (2,190.91) 8.1% 70,355.59 66,122.00 4,233.59 670000 General & Administrative41,718.51 31,644.00 10,074.51 -31.8% 152,918.55 143,261.00 9,657.55 680000 Leases24,428.56 29,250.00 (4,821.44) 16.5% 133,059.45 143,050.00 (9,990.55) 690000 Miscellaneous Other Expense 22,464.95 14,136.00 8,328.95 -58.9% 81,032.77 82,480.00 (1,447.23) 620000 Food & Beverage Expenses39,882.23 27,724.00 12,158.23 -43.9% 119,877.74 87,629.00 32,248.74 Total Expenses382,917.39 380,935.00 1,982.39 -0.5% 1,477,906.00 1,637,498.00 159,592.00 (31,740.32) (82,303.97) 50,563.65 61.4%(649,385.14) (1,033,292.48) 383,907.34 Rounds of Golf PlayedPaid Rounds Played3,099 3,100 (1) 0.0%10,202 9,850 352 Ave $ Per Paid Round Green Fee 88.94 80.56 8.38 10.4%65.32 52.76 12.56 Ave $ Per Paid Round Merchandise 4.66 3.25 1.41 43.4%4.13 1.76 2.36 Ave $ Per Paid Miscellaneous 11.11 8.39 2.72 32.5%6.38 3.65 2.73 SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateNovember 20201 Income November 2020Final Budget Variance Final Budget Variance 4000000 Revenue-Fees275,619.70 249,744.00 25,875.70 666,366.30 519,666.00 146,700.30 4010000 Rider Fee625.00 - 625.00 675.00 - 675.00 4040000 Club Rental1,360.00 - 1,360.00 3,390.00 - 3,390.00 4050000 Driving Range7,850.00 - 7,850.00 15,315.00 - 15,315.00 4060000 Handicap Fees240.00 - 240.00 480.00 - 480.00 4090000 Ball Retriever/Subcontract- - - - 1,000.00 (1,000.00) 4091000 Golf Professional Rental Fee- 1,000.00 (1,000.00) - 1,000.00 (1,000.00) 4092000 Golf Lessons- - - - - - 4093000 Resident Card Issue24,360.00 25,000.00 (640.00) 45,240.00 34,000.00 11,240.00 Total Revenue Fees310,054.70 275,744.00 34,310.70 731,466.30 555,666.00 175,800.30 310,054.70 275,744.00 34,310.70 731,466.30 555,666.00 175,800.30 SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateNovember 20202 RevenuesActualBudgetVariance$275,619.70$249,744.0025,875.70Favorable: Due to increase in Public Play, with an increase of $8.37 per round on average.Actual BudgetVariance$34,435.00 $26,000.008,435.00Favorable: Due to Covid-19 restraints we were able to accommodate certain amenities not budgeted through 12/31/2020. These included DrivingRange, Club Rental, Cart Fees and Rider fees.ExpensesActual BudgetVariance$41,718.51 $31,644.0010,074.51Unfavorable: Due to change in the processing of Credit Card Merchant Fees being deducted directly on a daily batch basis.Actual BudgetVariance$24,428.56 $29,250.00(4,821.44)Favorable: Due to additional fleet golf carts not setup for payment amortization until 12/1/2020.Actual BudgetVariance$22,464.95 $14,136.008,328.95Unfavorable: Due to timing and amount of down payment for commercial insurance renewal.We have installed sectional separation inserts to allow our guest to sit (2) two to a cart if they elect. Which allows for complete separation on the golfcarts.By utilizing a QR reader for our Menu we are able to allow guest to order food for take out via GPS or their smart phone. We have had good successincreasing revenue while still complying to Covid-19 mandates.Re-doing our Website to accept only prepaid Golf Tee times with credit card has completely reduced the interaction between guest and our employees. COVID-19 ADDITIONAL EXPENSES AND MEASURES TO ALLOW FOR COMPLIANCE TO RIVERSIDE COUNTY GUIDELINESLeasesMiscellaneous Other ExpenseGeneral and AdministrativeVariance ExplanationNovember 2020EXPLANATION OF EXCESS EXPENSES/REVENUE TO BUDGETGolf Green FeesMiscellaneous Golf Revenue3-20-133 Income November 2020Final Budget Variance Final Budget Variance 4100000 Sales Miscellaneous54.40 - 54.40 1,547.52 - 1,547.52 4100110 Sales Hard Goods 7,804.21 2,519.00 5,285.21 25,663.02 4,339.00 21,324.02 4100112 Sales-Soft Goods7,996.30 7,556.00 440.30 20,427.77 13,014.00 7,413.77 5100639 GS-Discounts-Mdse (1,413.07) - (1,413.07) (5,540.45) - (5,540.45) Total Revenue Golf Shop14,441.84 10,075.00 4,366.84 42,097.86 17,353.00 24,744.86 COS 5100150 COS-GS-Hard Goods 4,139.07 1,409.88 2,729.19 13,826.29 2,428.54 11,397.75 5100151 COS-GS-Soft Goods 4,061.78 4,229.09 (167.31) 9,344.41 7,283.94 2,060.47 5100152 COS-GS-Purchase Disc (75.26) (292.00) 216.74 (428.37) (504.00) 75.63 5100220 COS-GS-Freight Merch 698.80 88.00 610.80 1,581.48 151.00 1,430.48 Cost of Sales - Golf Shop8,824.39 5,434.97 3,389.42 24,323.81 9,359.48 14,964.33 Gross Profit5,617.45 4,640.03 977.42 17,774.05 7,993.52 9,780.53 COS % 61.1% 53.9% -7.2% 57.8% 53.9% -3.8%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group531.42 490.00 41.42 2,876.64 2,450.00 426.64 6101325 Insurance-Workers Comp 524.45 590.00 (65.55) 2,892.66 1,642.00 1,250.66 6101720 Salaries7,168.16 5,200.00 1,968.16 28,424.88 26,000.00 2,424.88 6101800 Taxes-Employer Payroll 969.67 1,573.00 (603.33) 4,170.52 4,378.00 (207.48) 6101880 Wages-Hourly9,215.25 10,528.00 (1,312.75) 24,029.50 17,774.00 6,255.50 6101882 Wages-Overtime13.13 - 13.13 44.63 - 44.63 Total -PS-SALARIES & BENEFITS 18,422.08 18,381.00 41.08 62,438.83 52,244.00 10,194.83 61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - - - - 6103762 Supplies-Office51.67 250.00 (198.33) 582.73 1,250.00 (667.27) 6109220 Freight & Delivery- 25.00 (25.00) 101.57 50.00 51.57 6109490 Miscellaneous293.60 500.00 (206.40) 946.44 2,500.00 (1,553.56) 6109150 Dues and Subscriptions - - - - - - 6109500 ProShop-Over/Short- - - 6.00 - 6.00 6109722 Seminars/Training- - - - 950.00 (950.00) 6109810 Travel - Merchandise- - - - - - 6109820 Uniforms762.86 300.00 462.86 1,618.98 700.00 918.98 6117840 Telephones83.18 110.00 (26.82) 495.71 550.00 (54.29) 1,191.31 1,185.00 6.31 3,751.43 6,000.00 (2,248.57) 19,613.39 19,566.00 47.39 66,190.26 58,244.00 7,946.26 (13,995.94) (14,925.97) 930.03 (48,416.21) (50,250.48) 1,834.27 Net IncomeSilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateNovember 20204 November 2020Final Budget Variance Final Budget Variance Expense63-CM-SALARIES & BENEFITS6311320 Insurance-Group7,466.26 9,810.00 (2,343.74) 31,701.14 49,050.00 (17,348.86) 6311325 Insurance-Workers Comp1,598.20 2,516.00 (917.80) 8,465.01 8,983.00 (517.99) 6311720 Salaries13,012.76 12,477.00 535.76 63,804.18 62,385.00 1,419.18 6311800 Taxes-Employer Payroll5,799.26 6,709.00 (909.74) 15,815.40 24,487.00 (8,671.60) 6311880 Wages-Hourly39,257.80 54,616.00 (15,358.20) 133,733.37 166,488.00 (32,754.63) 6311882 Wages-Overtime4,165.69 - 4,165.69 13,780.74 16,000.00 (2,219.26) Total-CM-SALARIES & BENEFITS71,299.97 86,128.00 (14,828.03) 267,299.84 327,393.00 (60,093.16) 63-CM-SUPPLIES & MATERIALS6313734 Chemicals6,851.04 2,100.00 4,751.04 19,674.40 33,223.00 (13,548.60) 6313744 Fertilizer22,476.91 8,500.00 13,976.91 30,540.97 50,850.00 (20,309.03) 6313745 Herbicides- - - - - - 6313746 Flowers/Plants1,618.19 - 1,618.19 1,618.19 1,250.00 368.19 6313748 Fuel-Gasoline3,253.30 4,850.00 (1,596.70) 11,109.84 20,100.00 (8,990.16) 6313750 Golf Course Accessories- - - 9,418.36 12,300.00 (2,881.64) 6313756 POA Control3,262.50 - 3,262.50 3,262.50 2,400.00 862.50 6313758 Miscellaneous Supp727.46 500.00 227.46 1,676.34 3,250.00 (1,573.66) 6313762 Supplies-Office27.85 - 27.85 843.81 - 843.81 6313774 Sand3,340.10 4,000.00 (659.90) 5,682.16 11,780.00 (6,097.84) 6313776 Seed- 11,900.00 (11,900.00) 102,733.16 106,900.00 (4,166.84) 6313778 Small Tools & Non-Capital Equip 1,462.14 100.00 1,362.14 4,203.79 4,300.00 (96.21) 6313780 Sod- - - 1,300.00 10,800.00 (9,500.00) 6313782 Topdressing1,553.11 600.00 953.11 1,553.11 7,000.00 (5,446.89) Total-CM-SUPPLIES & MATERIALS44,572.60 32,550.00 12,022.60 193,616.63 264,153.00 (70,536.37) 63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint- 3,850.00 (3,850.00) 13,900.00 19,250.00 (5,350.00) 6315685 CM-R&M-Bldngs & Othr Structures 7,101.00 500.00 6,601.00 7,435.00 3,550.00 3,885.00 6315690 CM-R&M-Equipment1,808.91 5,000.00 (3,191.09) 18,663.44 22,500.00 (3,836.56) 6315692 CM-R&M-Irrigation System3,328.55 900.00 2,428.55 8,875.90 12,300.00 (3,424.10) 6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 2,300.00 5,000.00 (2,700.00) 6315815 CM-R&M-Trees-Pruning Etc- - - 11,150.00 6,050.00 5,100.00 Total-CM-REPAIRS & MAINTENANCE12,238.46 11,250.00 988.46 62,324.34 68,650.00 (6,325.66) 6317836 Utilities-Natural Gas/LPG- 15.00 (15.00) 95.71 75.00 20.71 6317840 Telephones941.26 850.00 91.26 4,779.97 4,250.00 529.97 Total-CM-UTILITIES941.26 865.00 76.26 4,875.68 4,325.00 550.68 63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 2,000.00 2,000.00 - 6319100 Contract Svcs-Soil/Tissue Test- - - - 1,000.00 (1,000.00) 6319102 Contract Svcs-Trash Removal 106.62 524.00 (417.38) 533.10 2,620.00 (2,086.90) 6319150 Dues & Subscriptions- - - 600.00 - 600.00 6319170 Employee Education- 50.00 (50.00) - 250.00 (250.00) 6319197 Equipment Rental- 600.00 (600.00) - 2,100.00 (2,100.00) 6319206 Licenses & Permits- - - 260.86 350.00 (89.14) 6319490 Miscellaneous1,196.25 100.00 1,096.25 1,302.29 500.00 802.29 6319718 Safety Equipment & Training661.00 500.00 161.00 1,753.15 2,350.00 (596.85) 6319822 Uniforms585.30 920.00 (334.70) 4,525.30 4,600.00 (74.70) Total-CM-OTHER EXPENSES2,949.17 3,094.00 (144.83) 10,974.70 15,770.00 (4,795.30) Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementNovember 20205 November 2020Final Budget Variance Final Budget Variance 632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,345.80 2,450.00 (104.20) 13,392.43 12,250.00 1,142.43 6321325 Insurance-Workers Comp79.91 484.00 (404.09) 3,644.61 2,537.00 1,107.61 6321800 Taxes-Employer Payroll479.41 1,290.00 (810.59) 4,471.06 6,878.00 (2,406.94) 6321880 Wages-Hourly11,528.00 12,904.00 (1,376.00) 42,347.70 65,380.00 (23,032.30) 6321882 Wages-Overtime(612.00) - (612.00) 2,065.69 3,418.00 (1,352.31) Total-CM-LM-SALARIES & BENEFITS13,821.12 17,128.00 (3,306.88) 65,921.49 90,463.00 (24,541.51) 632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 100.00 (100.00) - 500.00 (500.00) 6323788 Uniforms569.39 290.00 279.39 767.39 1,450.00 (682.61) Total-CM-LM-SUPPLIES & MATERIALS569.39 390.00 179.39 767.39 1,950.00 (1,182.61) 632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 500.00 (500.00) - 2,000.00 (2,000.00) Total-CM-LM-REPAIRS & MAINTENANCE- 500.00 (500.00) - 2,000.00 (2,000.00) 146,391.97 151,905.00 (5,513.03) 605,780.07 774,704.00 (168,923.93) November 2020Final Budget Variance Final Budget Variance 633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 9,264.85 7,219.00 2,045.85 60,107.38 51,481.00 8,626.38 6337842 Utilities-Water6,403.47 8,150.00 (1,746.53) 19,801.97 51,100.00 (31,298.03) 15,668.32 15,369.00 299.32 79,909.35 102,581.00 (22,671.65) Total-COURSE MAINTENANCECourse Maintenance Expense StatementNovember 2020Silverrock ResortMonth to DateYear to DateSilverrock ResortCourse Maintenance Water & EnergyNovember 2020Total-CM-WATER & ENERGYMonth to DateYear to Date6 November 2020Final Budget Variance Final Budget Variance Expense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group391.12 304.00 87.12 1,993.10 1,520.00 473.10 6411325 Insurance-Workers Comp769.27 590.00 179.27 2,323.60 1,775.00 548.60 6411800 Taxes-Employer Payroll1,019.94 1,958.00 (938.06) 4,455.11 5,893.00 (1,437.89) 6411880 Wages-Hourly14,020.70 15,730.00 (1,709.30) 49,559.20 47,333.00 2,226.20 6411882 Wages-Overtime601.91 - 601.91 1,303.95 - 1,303.95 Total-CBR-SALARIES & BENEFITS16,802.94 18,582.00 (1,779.06) 59,634.96 56,521.00 3,113.96 641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts - 500.00 (500.00) - 1,000.00 (1,000.00) 6413742 Supplies-Expendable- 1,800.00 (1,800.00) 1,457.28 3,300.00 (1,842.72) 6413748 Supplies-Fuel for Shuttle- 300.00 (300.00) - 500.00 (500.00) 6413752 Supplies-Range Balls6,688.13 10,000.00 (3,311.87) 6,688.13 10,000.00 (3,311.87) 6413762 Supplies-Office- 50.00 (50.00) - 175.00 (175.00) 6413768 Supplies-Printing and Stationary- - - - - - 6413786 Supplies-Towels160.00 185.00 (25.00) 1,440.00 665.00 775.00 6413796 Supplies-Bottled Water120.71 10,000.00 (9,879.29) 6,900.74 14,600.00 (7,699.26) Total-CBR-SUPPLIES & MATERIALS6,968.84 22,835.00 (15,866.16) 16,486.15 30,240.00 (13,753.85) 641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment2,375.00 300.00 2,075.00 3,306.45 1,500.00 1,806.45 6415695 CBR-R&M-Cart Maintenance & Repair 2,432.00 1,503.00 929.00 7,784.43 7,515.00 269.43 Total-CBR-REPAIRS & MAINTENANCE4,807.00 1,803.00 3,004.00 11,090.88 9,015.00 2,075.88 641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen635.21 800.00 (164.79) 4,595.55 4,000.00 595.55 6419220 Freight/Delivery- 75.00 (75.00) - 375.00 (375.00) 6419490 Miscellaneous235.00 600.00 (365.00) 2,110.04 3,000.00 (889.96) 6419820 Uniforms376.34 500.00 (123.66) 850.17 2,500.00 (1,649.83) Total-CBR-OTHER EXPENSES1,246.55 1,975.00 (728.45) 7,555.76 9,875.00 (2,319.24) TOTAL-CARTS,BAGROOM & RANGE 29,825.33 45,195.00 (728.45) 94,767.75 105,651.00 (10,883.25) 643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - 6431325 Insurance-Workers Comp160.25 280.00 (119.75) 811.29 655.00 156.29 6431800 Taxes-Employer Payroll524.26 748.00 (223.74) 2,470.69 1,752.00 718.69 6431880 Wages-Hourly7,631.25 7,475.00 156.25 22,964.25 17,514.00 5,450.25 6431882 Wages-Overtime- - - - - - Total-CS-SALARIES & BENEFITS8,315.76 8,503.00 (187.24) 26,246.23 19,921.00 6,325.23 643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) - 400.00 (400.00) 6439490 Miscellaneous- 50.00 (50.00) - 100.00 (100.00) 6439718 Safety Equipment & Training- 50.00 (50.00) - 250.00 (250.00) 6439820 Uniforms- 75.00 (75.00) 1,796.89 1,100.00 696.89 Total-CS-OTHER EXPENSES- 275.00 (275.00) 1,796.89 1,850.00 (53.11) Total-COURSE SERVICES8,315.76 8,778.00 (462.24) 28,043.12 21,771.00 6,272.12 38,141.09 53,973.00 (15,831.91) 122,810.87 127,422.00 (4,611.13) TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementNovember 20207 November 2020Final Budget Variance Final Budget Variance Expense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable400.00 400.00 - 2,000.00 2,000.00 - Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 2,000.00 2,000.00 - 65-CH-UTILITIES6507836 Utilities-Natural Gas1,828.73 850.00 978.73 3,668.76 4,250.00 (581.24) 6507840 Utilities-Telephone1,337.66 1,150.00 187.66 6,655.05 5,750.00 905.05 6507842 Utilities-Water574.91 321.00 253.91 3,117.13 1,605.00 1,512.13 6507844 Utilities-Cable60.99 380.00 (319.01) 1,304.91 1,900.00 (595.09) Total-CH-UTILITIES3,802.29 2,701.00 1,101.29 14,745.85 13,505.00 1,240.85 65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning480.00 400.00 80.00 2,000.00 2,000.00 - 6509099 Contract Services-Security3,894.24 5,000.00 (1,105.76) 20,571.56 25,000.00 (4,428.44) 6509215 Flowers & Decorations- - - - 500.00 (500.00) 6509490 Miscellaneous- - - 282.92 - 282.92 6509718 Safety Equipment & Training- 100.00 (100.00) 777.08 500.00 277.08 Total-CH-OTHER EXPENSES4,374.24 5,500.00 (1,125.76) 23,631.56 28,000.00 (4,368.44) 65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures116.26 300.00 (183.74) 2,194.45 1,500.00 694.45 6515686 CH-R&M-Restaurant Repairs- 700.00 (700.00) 2,230.00 3,500.00 (1,270.00) 6515690 CH-R&M-Equipment Repair1,039.49 700.00 339.49 1,169.49 3,500.00 (2,330.51) Total-CH-REPAIRS & MAINTENANCE1,155.75 1,700.00 (544.25) 5,593.94 8,500.00 (2,906.06) 9,732.28 10,301.00 (568.72) 45,971.35 52,005.00 (6,033.65) SilverRock ResortClubhouse Expense StatementNovember 2020Total CLUBHOUSEMonth to DateYear to Date8 November 2020Final Budget Variance Final Budget Variance Expense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group - 348.00 (348.00) 1,138.40 1,740.00 (601.60) 6601325 Insurance-Workers Comp- - - 508.14 - 508.14 6601720 Salaries- - - 9,660.00 - 9,660.00 6601800 Taxes-Employer Payroll- - - 973.60 - 973.60 Total-MKT-SALARIES & BENEFITS- 348.00 (348.00) 12,280.14 1,740.00 10,540.14 66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 27.40 500.00 (472.60) 6603768 Supplies-Printing & Stationery 1,855.73 200.00 1,655.73 2,999.97 3,400.00 (400.03) 1,855.73 300.00 1,555.73 3,027.37 3,900.00 (872.63) 66-MKT-UTILITIES6607840 Utilities-Telephone 175.36 100.00 75.36 980.48 500.00 480.48 Total-MKT-UTILITIES175.36 100.00 75.36 980.48 500.00 480.48 66-MKT-OTHER EXPENSES6609010 Advertising22,845.00 24,194.00 (1,349.00) 44,977.63 55,807.00 (10,829.37) 6609040 Business Meals- 25.00 (25.00) - 125.00 (125.00) 6609080 Collateral Material- 1,000.00 (1,000.00) 6,298.19 1,500.00 4,798.19 6609102 Contract Services-Web Page- 150.00 (150.00) 2,442.00 750.00 1,692.00 6609490 Miscellaneous- 50.00 (50.00) - 50.00 (50.00) 6609620 Postage- 50.00 (50.00) - 250.00 (250.00) 6609630 Promotion- 50.00 (50.00) - 100.00 (100.00) 6609633 Promotion-Community- 750.00 (750.00) - 1,050.00 (1,050.00) 6609634 Promotion-Media/Vendor- - - - - - 6609150 Dues and Subscriptions- - - 82.80 - 82.80 6609820 Uniforms- 50.00 (50.00) 266.98 350.00 (83.02) Total-MKT-OTHER EXPENSES22,845.00 26,319.00 (3,474.00) 54,067.60 59,982.00 (5,914.40) 24,876.09 27,067.00 (2,190.91) 70,355.59 66,122.00 4,233.59 Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementNovember 20209 November 2020Final Budget Variance Final Budget Variance Expense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,504.96 2,180.00 324.96 13,145.32 10,900.00 2,245.32 6701325 Insurance-Workers Comp240.18 761.00 (520.82) 3,854.88 3,551.00 303.88 6701720 Salaries18,835.40 16,783.00 2,052.40 79,965.47 77,835.00 2,130.47 6701800 Taxes-Employer Payroll1,279.43 2,030.00 (750.57) 6,679.31 9,470.00 (2,790.69) 6701880 Wages-Hourly2,343.74 3,520.00 (1,176.26) 12,266.63 16,880.00 (4,613.37) 6701882 Wages-Overtime- - - - - - Total-G&A-SALARIES & BENEFITS25,203.71 25,274.00 (70.29) 115,911.61 118,636.00 (2,724.39) 67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer176.53 500.00 (323.47) 548.44 2,500.00 (1,951.56) 6703762 Supplies-Office- 105.00 (105.00) 222.23 525.00 (302.77) 6703768 Supplies-Printing & Stationery559.47 100.00 459.47 943.13 500.00 443.13 Total-G&A-SUPPLIES & MATERIALS736.00 705.00 31.00 1,713.80 3,525.00 (1,811.20) 67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment - 900.00 (900.00) - 1,200.00 (1,200.00) Total-G&A-REPAIRS & MAINTENANCE- 900.00 (900.00) - 1,200.00 (1,200.00) 67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 2,500.00 2,500.00 - 6709150 Dues & Subscriptions- 50.00 (50.00) 620.00 350.00 270.00 6709180 Employee Recruiting/Relocation 271.26 150.00 121.26 366.26 450.00 (83.74) 6709197 Equipment Rental599.69 550.00 49.69 2,929.17 2,750.00 179.17 6709202 Fees-Bank13,086.81 90.00 12,996.81 13,331.99 450.00 12,881.99 6709208 Fees-Payroll Processing415.14 1,000.00 (584.86) 1,816.99 5,000.00 (3,183.01) 6709220 Freight/Delivery- 50.00 (50.00) - 250.00 (250.00) 6709490 Miscellaneous- 1,000.00 (1,000.00) 1,305.75 1,400.00 (94.25) 6709491 Loss/Damage- - - - - - 6709620 Postage/Mail Services113.11 75.00 38.11 448.70 375.00 73.70 6709625 Professional Fees260.00 850.00 (590.00) 11,434.53 4,250.00 7,184.53 6709636 Promotion/Entertainment- 100.00 (100.00) - 500.00 (500.00) 6709722 Seminars & Training- 200.00 (200.00) - 1,000.00 (1,000.00) 6709810 Travel- - - - 100.00 (100.00) 6709820 Uniforms532.79 150.00 382.79 539.75 525.00 14.75 Total-G&A-OTHER EXPENSES15,778.80 4,765.00 11,013.80 35,293.14 19,900.00 15,393.14 41,718.51 31,644.00 10,074.51 152,918.55 143,261.00 9,657.55 Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementNovember 202010 November 2020Final Budget Variance Final Budget Variance Expense68-LEASES6800192 Equipment Leases-Carts10,636.93 12,000.00 (1,363.07) 53,184.65 60,000.00 (6,815.35) 6800193 Equipment Leases-Maintenance 9,271.88 12,400.00 (3,128.12) 58,901.22 62,000.00 (3,098.78) 6800196 Equipment Leases-GPS2,871.00 2,900.00 (29.00) 10,791.00 14,500.00 (3,709.00) 6800197 Equipment Leases-Others1,648.75 1,950.00 (301.25) 10,182.58 6,550.00 3,632.58 24,428.56 29,250.00 (4,821.44) 133,059.45 143,050.00 (9,990.55) 69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,386.00 9,386.00 - 46,930.00 46,930.00 - 6900800 Personal Property Taxes- - - 5,406.76 11,800.00 (6,393.24) 6900323 Insurance-Commercial13,078.95 4,750.00 8,328.95 28,696.01 23,750.00 4,946.01 22,464.95 14,136.00 8,328.95 81,032.77 82,480.00 (1,447.23) Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementMonth to DateYear to DateNovember 202011 SilverRock Resort-Arnold Palmer Classic CourseComp Golf Report-2020-20212020 2020 2020 2020 2020 2020Comp CategoryJulyAugustSeptemberOctoberNovemberDecemberMediaSalesPromotion44Golf IndustryVIPCelebrityPGA Comp10 12 132Charity/Gift Certificate42Rain/Wind Checks23Club Staff59 37 33410LQ HS Golf281 53 4961202021 2021 2021 2021 2021 2021Comp CategoryJanuaryFebruaryMarchAprilMayJuneMediaSalesPromotionGolf IndustryVIPCelebrityPGA CompCharity/Gift CertificateRain/Wind ChecksClub StaffLQ HS Golf00000012