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08 February 2020 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2019 – February 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 Description February 2020Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue500,266.95 550,250.00 (49,983.05) -9.1% 1,793,936.73 1,869,059.00 (75,122.27) 3,209,134.00 1,415,197.27 56%401000 Miscellaneous Golf Revenue33,381.00 46,050.00 (12,669.00) -27.5% 162,619.50 187,788.00 (25,168.50) 300,066.00 137,446.50 54%410000 Revenue-Golf Shop23,269.50 35,568.00 (12,298.50) -34.6% 117,663.60 141,653.00 (23,989.40) 249,256.00 131,592.40 47%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0%9,000.00 9,000.00 - 12,000.00 3,000.00 75%890000 Interest Income- - - 0.0%0.37 - 0.37 - (0.37) 0%Total Income558,417.45 633,368.00 (74,950.55) -11.8% 2,083,220.20 2,207,500.00 (124,279.80) 3,770,456.00 1,687,235.80 55%Cost of Goods Sold510000 COS-Golf Shop14,865.06 19,907.00 (5,041.94) 25.3% 70,215.62 79,281.00 9,065.38 139,509.00 69,293.38 50%Total COS14,865.06 19,907.00 (5,041.94) 25.3% 70,215.62 79,281.00 9,065.38 139,509.00 69,293.38 50%Gross Profit543,552.39 613,461.00 (69,908.61) -11.4% 2,013,004.58 2,128,219.00 (115,214.42) 3,630,947.00 1,617,942.42 55%Expenses610000 Golf Pro Shop19,721.39 19,172.00 549.39 -2.9% 128,999.40 130,530.00 (1,530.60) 208,393.00 79,393.60 62%630000 Course Maintenance129,636.08 122,577.00 7,059.08 -5.8% 1,150,878.35 1,233,986.00 (83,107.65) 1,783,663.00 632,784.65 65%633000 Maintenance Water & Energy13,105.60 17,148.00 (4,042.40) 23.6% 147,523.35 154,217.00 (6,693.65) 249,838.00 102,314.65 59%640000 Outside Services53,859.15 42,096.00 11,763.15 -27.9% 300,402.69 263,236.00 37,166.69 396,373.00 95,970.31 76%650000 Clubhouse10,864.21 9,901.00 963.21 -9.7% 84,213.01 82,508.00 1,705.01 125,312.00 41,098.99 67%660000 Marketing16,462.48 22,132.00 (5,669.52) 25.6% 148,025.00 147,816.00 209.00 222,203.00 74,178.00 67%670000 General & Administrative26,183.93 30,469.00 (4,285.07) 14.1% 212,367.25 238,669.00 (26,301.75) 360,401.00 148,033.75 59%680000 Leases24,526.35 26,650.00 (2,123.65) 8.0% 207,354.61 206,650.00 704.61 313,250.00 105,895.39 66%690000 Miscellaneous Other Expense16,251.07 13,880.00 2,371.07 -17.1% 134,388.88 122,840.00 11,548.88 178,360.00 43,971.12 75%Total Expenses310,610.26 304,025.00 6,585.26 -2.2% 2,514,152.54 2,580,452.00 66,299.46 3,837,793.00 1,323,640.46 66%232,942.13 309,436.00 (76,493.87) -24.7%(501,147.96) (452,233.00) (48,914.96) (206,846.00) 294,301.96 0%Rounds of Golf PlayedPaid Rounds Played4,935 5,472 (537) -9.8%25,107 26,193 (1,086) 43,667 18,560 57%Ave $ Per Paid Round Green Fee101.37 100.56 0.81 0.8%71.45 71.36 0.09 73.49 2.04 97%Ave $ Per Paid Round Merchandise4.72 6.50 (1.78) -27.5%4.69 5.41 (0.72) 5.71 1.02 82%Ave $ Per Paid Miscellaneous 6.76 8.42 (1.65) -19.6%6.48 7.17 (0.69) 6.87 0.39 94%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateFebruary 20201 Income February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees500,266.95 550,250.00 (49,983.05) 1,793,936.73 1,869,059.00 (75,122.27) 3,209,134.00 1,415,197.27 44.1%4010000 Rider Fee1,225.00 1,400.00 (175.00) 6,235.00 5,028.00 1,207.00 7,807.00 1,572.00 20.1%4040000 Club Rental2,840.00 2,750.00 90.00 14,475.00 11,688.00 2,787.00 21,087.00 6,612.00 31.4%4050000 Driving Range14,060.00 16,500.00 (2,440.00) 44,928.00 60,672.00 (15,744.00) 94,872.00 49,944.00 52.6%4060000 Handicap Fees276.00 400.00 (124.00) 2,144.00 2,100.00 44.00 2,500.00 356.00 14.2%4090000 Ball Retriever/Subcontract- - - 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 - 4,000.00 4,000.00 - 6,000.00 2,000.00 33.3%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue13,980.00 24,000.00 (10,020.00) 88,810.00 102,800.00 (13,990.00) 165,300.00 76,490.00 46.3% Total Revenue Fees533,647.95 596,300.00(62,652.05) 1,956,556.232,056,847.00 (100,290.77)3,509,200.00 1,552,643.77 44.2%533,647.95 596,300.00(62,652.05) 1,956,556.232,056,847.00 (100,290.77)3,509,200.00 1,552,643.77 44.2%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetFebruary 20202 RevenuesActual BudgetVariance$33,381.00 $46,050.00(12,669.00)Unfavorable: Due to reduced resident card issue, most likely caused by uncertainty pertaining to the development of SilverRock Resort.Actual BudgetVariance$23,269.50 $35,568.00(12,298.50)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$13,105.60 $17,148.00(225.00)Favorable: Due to more rain than usual for February, and pumps went out causing us to not run the water feature.Actual BudgetVariance$53,859.15 $42,096.0011,763.15Unfavorable: 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.Actual BudgetVariance$16,462.48 $22,132.00(5,669.52)Favorable: Due to timing of invoices for advertising. We are in align for year to date totals.Actual BudgetVariance$26,183.93 $30,469.00(4,285.07)Favorable: Due to reduced resident card issuance, which caused reduced payroll.provided for those cost of sales percentage that are greater than 5%.Pro Shop Merchandise SalesMiscellaneous Golf RevenueVariance ExplanationFebruary 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 areWater & EnergyGeneral and AdministrativeMarketingOutside Services3-20-133 Income February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous1,101.86 - 1,101.86 6,579.72 - 6,579.72 00 0%4100110 Sales Hard Goods9,743.96 8,892.00 851.96 52,442.30 35,414.00 17,028.30 62,314.00 9,871.70 15.8%4100112 Sales-Soft Goods15,953.00 26,676.00 (10,723.00) 77,819.75 106,239.00 (28,419.25) 186,942.00 109,122.25 58.4%5100639 GS-Discounts-Mdse(3,529.32) - (3,529.32) (19,178.17) - (19,178.17) - 19,178.17 0.0% Total Revenue Golf Shop23,269.50 35,568.00 (12,298.50) 117,663.60 141,653.00 (23,989.40) 249,256.00 138,172.12 55.4%COS 5100150 COS-GS-Hard Goods6,235.97 5,157.00 1,078.97 31,281.70 20,538.00 10,743.70 34,877.15 3,595.45 10.3%5100151 COS-GS-Soft Goods8,550.84 15,472.00 (6,921.16) 37,962.95 61,618.00 (23,655.05) 104,631.44 66,668.49 63.7%5100152 COS-GS-Purchase Disc(9.68) (1,031.00) 1,021.32 (424.25) (4,107.00) 3,682.75 (7,228.00) (6,803.75) 94.1%5100220 COS-GS-Freight Merch87.93 309.00 (221.07) 1,395.22 1,232.00 163.22 2,169.00 773.78 35.7%Cost of Sales - Golf Shop14,865.06 19,907.00 (5,041.94) 70,215.62 79,281.00 (9,065.38) 134,449.59 64,233.97 47.8%Gross Profit 8,404.44 15,661.00 (7,256.56) 47,447.98 62,372.00 (14,924.02) 114,806.41 73,938.15 64.4%COS %63.9% 56.0% -7.9% 59.7% 56.0% -3.7% 53.1% 46.5% 87.6%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group344.43 490.00 (145.57) 3,266.66 3,920.00 (653.34) 5,880.00 2,613.34 44.4%6101325 Insurance-Workers Comp 675.55 579.00 96.55 4,589.19 3,813.00 776.19 6,054.00 1,464.81 24.2%6101720 Salaries5,088.16 4,400.00 688.16 40,145.28 35,200.00 4,945.28 65,000.00 24,854.72 38.2%6101800 Taxes-Employer Payroll 1,967.96 1,545.00 422.96 9,896.52 10,171.00 (274.48) 16,144.00 6,247.48 38.7%6101880 Wages-Hourly11,110.00 11,048.00 62.00 62,846.88 66,506.00 (3,659.12) 98,874.00 36,027.12 36.4%6101882 Wages-Overtime106.13 - 106.13 803.67 - 803.67 - 952.88 0.0%Total -PS-SALARIES & BENEFITS19,292.23 18,062.00 1,230.23 121,548.20 119,610.00 1,938.20 191,952.00 72,160.35 37.6%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 1,347.48 - 1,347.48 - (1,347.48) 0.0%6103762 Supplies-Office65.24 250.00 (184.76) 2,654.69 2,000.00 654.69 3,000.00 345.31 11.5%6109220 Freight & Delivery- - - 134.88 75.00 59.88 75.00 (59.88) -79.8%6109490 Miscellaneous293.59 500.00 (206.41) 966.72 4,000.00 (3,033.28) 6,000.00 5,033.28 83.9%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short6.06 - 6.06 37.55 - 37.55 - (37.55) 0.0%6109722 Seminars/Training- 35.00 (35.00) - 2,335.00 (2,335.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 30.00 (30.00) 90.00 90.00 100.0%6109820 Uniforms- 200.00 (200.00) 1,834.72 1,600.00 234.72 2,400.00 565.28 23.6%6117840 Telephones64.27 110.00 (45.73) 475.16 880.00 (404.84) 1,320.00 844.84 64.0%429.16 1,110.00 (680.84) 7,451.20 10,920.00 (3,468.80) 18,875.00 11,423.80 60.5%19,721.39 19,172.00 549.39 128,999.40 130,530.00 (1,530.60) 210,827.00 83,584.15 39.6%Net Income(11,316.95) (3,511.00) (7,805.95) (81,551.42) (68,158.00) (13,393.42) (96,020.59) (9,646.00) 10.0%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetFebruary 20204 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group10,831.81 9,810.00 1,021.81 71,066.48 78,480.00 (7,413.52) 117,720.00 46,653.52 39.6%6311325 Insurance-Workers Comp3,242.64 2,612.00 630.64 18,886.24 18,554.00 332.24 28,929.00 10,042.76 34.7%6311720 Salaries13,012.76 12,480.00 532.76 104,102.08 99,840.00 4,262.08 166,400.00 62,297.92 37.4%6311800 Taxes-Employer Payroll7,871.10 6,966.00 905.10 39,941.38 50,016.00 (10,074.62) 77,767.00 37,825.62 48.6%6311880 Wages-Hourly56,544.64 57,181.00 (636.36) 357,310.88 384,312.00 (27,001.12) 592,769.00 235,458.12 39.7%6311882 Wages-Overtime4,579.93 - 4,579.93 34,549.66 16,000.00 18,549.66 18,500.00 (16,049.66) -86.8%Total-CM-SALARIES & BENEFITS96,082.88 89,049.00 7,033.88 625,856.72 647,202.00 (21,345.28) 1,002,085.00 376,228.28 37.5%63-CM-SUPPLIES & MATERIALS6313734 Chemicals1,745.01 190.00 1,555.01 27,141.82 36,446.00 (9,304.18) 50,060.00 22,918.18 45.8%6313744 Fertilizer- 3,020.00 (3,020.00) 54,958.08 74,900.00 (19,941.92) 104,520.00 49,561.92 47.4%6313745 Herbicides- - - 1,815.13 - 1,815.13 - (1,815.13) 0.0%6313746 Flowers/Plants- 100.00 (100.00) (43.37) 2,850.00 (2,893.37) 3,050.00 3,093.37 101.4%6313748 Fuel-Gasoline3,602.44 3,880.00 (277.56) 28,623.35 31,700.00 (3,076.65) 46,860.00 18,236.65 38.9%6313750 Golf Course Accessories440.29 160.00 280.29 19,102.74 12,460.00 6,642.74 13,140.00 (5,962.74) -45.4%6313756 POA Control- - - 160.00 9,900.00 (9,740.00) 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp729.62 100.00 629.62 4,262.34 3,950.00 312.34 4,350.00 87.66 2.0%6313762 Supplies-Office- - - 1,213.35 - 1,213.35 - (1,213.35) 0.0%6313774 Sand883.53 100.00 783.53 6,986.12 13,060.00 (6,073.88) 13,460.00 6,473.88 48.1%6313776 Seed- - - 103,541.97 117,400.00 (13,858.03) 117,400.00 13,858.03 11.8%6313778 Small Tools & Non-Capital Equip186.88 100.00 86.88 3,608.37 4,600.00 (991.63) 5,000.00 1,391.63 27.8%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 & MATERIALS7,587.77 7,650.00 (62.23) 261,750.97 325,066.00 (63,315.03) 393,240.00 131,489.03 33.4%63-CM-REPAIRS & MAINTENANCE6315095 CM-R&M-Contract Lake Maint- - - 31,078.19 19,250.00 11,828.19 30,800.00 (278.19) -0.9%6315685 CM-R&M-Bldngs & Othr Structures 253.78 250.00 3.78 8,420.37 4,550.00 3,870.37 5,550.00 (2,870.37) -51.7%6315690 CM-R&M-Equipment2,066.01 2,500.00 (433.99) 31,053.99 29,500.00 1,553.99 38,500.00 7,446.01 19.3%6315692 CM-R&M-Irrigation System2,383.03 1,000.00 1,383.03 16,311.60 15,050.00 1,261.60 19,050.00 2,738.40 14.4%6315696 CM-R&M-Pumps2,750.85 1,000.00 1,750.85 3,913.90 8,000.00 (4,086.10) 10,500.00 6,586.10 62.7%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 & MAINTENANCE7,453.67 4,750.00 2,703.67 95,708.05 82,400.00 13,308.05 116,450.00 20,741.95 17.8%6317836 Utilities-Natural Gas/LPG- 15.00 (15.00) 171.92 120.00 51.92 180.00 8.08 0.0%6317840 Telephones724.48 850.00 (125.52) 6,264.82 6,800.00 (535.18) 10,200.00 3,935.18 38.6%Total-CM-UTILITIES724.48 865.00 (140.52) 6,436.74 6,920.00 (483.26) 10,380.00 3,943.26 38.0%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%6319100 Contract Svcs-Soil/Tissue Test- - - 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) 985.08 4,192.00 (3,206.92) 6,288.00 5,302.92 84.3%6319150 Dues & Subscriptions55.00 200.00 (145.00) 730.00 200.00 530.00 680.00 (50.00) -7.4%6319170 Employee Education- 1,000.00 (1,000.00) - 1,350.00 (1,350.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) - 2,700.00 (2,700.00) 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 Miscellaneous293.59 100.00 193.59 1,476.54 800.00 676.54 1,200.00 (276.54) -23.0%6319718 Safety Equipment & Training196.90 200.00 (3.10) 2,185.38 3,350.00 (1,164.62) 3,850.00 1,664.62 43.2%6319822 Uniforms1,031.65 920.00 111.65 9,435.27 7,360.00 2,075.27 11,040.00 1,604.73 14.5%Total-CM-OTHER EXPENSES2,141.32 3,544.00 (1,402.68) 19,693.13 24,552.00 (4,858.87) 41,458.00 21,764.87 52.5%SilverRock ResortCourse Maintenance Expense StatementAnnual BudgetFebruary 2020Month to DateYear to Date5 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,009.10 2,450.00 (440.90) 23,596.48 19,600.00 3,996.48 29,400.00 5,803.52 19.7%6321325 Insurance-Workers Comp135.11 450.00 (314.89) 4,339.41 3,987.00 352.41 5,955.00 1,615.59 27.1%6321800 Taxes-Employer Payroll1,110.98 1,200.00 (89.02) 7,021.09 10,744.00 (3,722.91) 15,995.00 8,973.91 56.1%6321880 Wages-Hourly11,028.54 12,004.00 (975.46) 97,047.93 104,052.00 (7,004.07) 156,528.00 59,480.07 38.0%6321882 Wages-Overtime816.00 - 816.00 5,278.52 3,418.00 1,860.52 3,418.00 (1,860.52) -54.4%Total-CM-LM-SALARIES & BENEFITS15,099.73 16,104.00 (1,004.27) 137,283.43 141,801.00 (4,517.57) 211,296.00 74,012.57 35.0%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) - 725.00 (725.00) 1,025.00 1,025.00 100.0%6323788 Uniforms546.23 290.00 256.23 2,351.31 2,320.00 31.31 3,480.00 1,128.69 32.4%Total-CM-LM-SUPPLIES & MATERIALS546.23 365.00 181.23 2,351.31 3,045.00 (693.69) 4,505.00 2,153.69 47.8%632-CM-LM-REPAIRS & MAINTENANCE6325687 CM-LM-R&M-Drip Irrigation- 250.00 (250.00) 1,798.00 3,000.00 (1,202.00) 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) 1,798.00 3,000.00 (1,202.00) 4,250.00 2,452.00 57.7%129,636.08 122,577.00 7,059.08 1,150,878.35 1,233,986.00 (83,107.65) 1,783,664.00 632,785.65 35.5% February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping4,496.58 5,132.00 (635.42) 86,000.36 73,995.00 12,005.36 179,791.00 93,790.64 52.2%6337842 Utilities-Water8,609.02 12,016.00 (3,406.98) 61,522.99 80,222.00 (18,699.01) 70,047.00 8,524.01 12.2%13,105.60 17,148.00 (4,042.40) 147,523.35 154,217.00 (6,693.65) 249,838.00 102,314.65 41.0%Silverrock ResortCourse Maintenance Water & EnergyFebruary 2020Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementFebruary 2020Silverrock ResortAnnual BudgetMonth to Date Year to Date6 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group326.60 304.00 22.60 1,786.22 2,432.00 (645.78) 3,648.00 1,861.78 51.0%6411325 Insurance-Workers Comp1,891.54 848.00 1,043.54 5,814.30 4,762.00 1,052.30 7,482.00 1,667.70 22.3%6411800 Taxes-Employer Payroll3,546.45 2,816.00 730.45 13,964.03 15,810.00 (1,845.97) 24,841.00 10,876.97 43.8%6411880 Wages-Hourly22,211.25 22,620.00 (408.75) 122,413.08 126,984.00 (4,570.92) 199,524.00 77,110.92 38.6%6411882 Wages-Overtime3,146.99 - 3,146.99 8,871.19 - 8,871.19 - (8,871.19) 0.0%Total-CBR-SALARIES & BENEFITS31,122.83 26,588.004,534.83 152,848.82149,988.002,860.82 235,495.00 82,646.18 35.1%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts51.35 75.00 (23.65) 108.91 1,650.00 (1,541.09) 1,850.00 `0.0%6413742 Supplies-Expendable1,068.83 1,000.00 68.83 5,899.43 5,450.00 449.43 6,750.00 850.57 12.6%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) - 1,800.00 (1,800.00) 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-Office154.57 50.00 104.57 208.68 325.00 (116.32) 525.00 316.32 60.3%6413768 Supplies-Printing and Stationary- 70.00 (70.00) 92.73 140.00 (47.27) 420.00 327.27 77.9%6413786 Supplies-Towels240.00 250.00 (10.00) 2,640.00 1,360.00 1,280.00 2,182.00 (458.00) -21.0%6413796 Supplies-Bottled Water120.71 200.00 (79.29) 18,088.63 15,200.00 2,888.63 19,900.00 1,811.37 9.1%Total-CBR-SUPPLIES & MATERIALS1,635.46 2,095.00 (459.54) 37,804.63 35,925.00 1,879.63 44,627.00 5,081.28 11.4%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment- 300.00 (300.00) 688.74 2,400.00 (1,711.26) 3,600.00 2,911.26 80.9%6415695 CBR-R&M-Cart Maintenance & Repair6,345.55 500.00 5,845.55 25,278.36 4,450.00 20,828.36 6,450.00 (18,828.36) -291.9%Total-CBR-REPAIRS & MAINTENANCE6,345.55 800.00 5,545.55 25,967.10 6,850.00 19,117.10 10,050.00 (15,917.10) -158.4%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen1,502.60 800.00 702.60 10,979.64 6,400.00 4,579.64 9,600.00 (1,379.64) -14.4%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous1,033.13 600.00 433.13 3,168.31 4,800.00 (1,631.69) 7,200.00 4,031.69 56.0%6419820 Uniforms- - - 3,387.55 3,000.00 387.55 5,200.00 1,812.45 34.9%Total-CBR-OTHER EXPENSES2,535.73 1,400.00 1,135.73 17,535.50 14,650.00 2,885.50 22,450.00 4,914.50 21.9%TOTAL-CARTS,BAGROOM & RANGE41,639.57 30,883.001,135.73 234,156.05207,413.0026,743.05 312,622.00 76,724.86 24.5%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp1,080.88 362.00 718.88 3,178.29 1,747.00 1,431.29 2,630.00 (548.29) -20.8%6431800 Taxes-Employer Payroll1,277.95 966.00 311.95 5,568.41 4,663.00 905.41 7,013.00 1,444.59 20.6%6431880 Wages-Hourly9,860.75 9,660.00 200.75 53,779.65 46,613.00 7,166.65 70,133.00 16,353.35 23.3%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS12,219.58 10,988.001,231.58 62,526.35 53,023.00 9,503.35 79,776.00 17,249.65 21.6%643-CS-OTHER EXPENSES6433742 Supplies Expendable- 100.00 (100.00) 367.61 700.00 (332.39) 1,050.00 682.39 65.0%6439490 Miscellaneous- - - - 200.00 (200.00) 200.00 200.00 100.0%6439718 Safety Equipment & Training- 50.00 (50.00) 58.46 400.00 (341.54) 600.00 541.54 90.3%6439820 Uniforms- 75.00 (75.00) 3,294.22 1,500.00 1,794.22 2,125.00 (1,169.22) -55.0%Total-CS-OTHER EXPENSES- 225.00 (225.00) 3,720.29 2,800.00 920.29 3,975.00 254.71 6.4%Total-COURSE SERVICES 12,219.58 11,213.001,006.58 66,246.64 55,823.00 10,423.64 83,751.00 17,504.36 20.9%53,859.15 42,096.0011,763.15 300,402.69263,236.0037,166.69 396,373.00 93,974.51 23.7%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetFebruary 20207 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 3,200.00 3,200.00 - 4,800.00 1,600.00 33.3%65-CH-UTILITIES6507836 Utilities-Natural Gas1,585.92 850.00 735.92 6,847.80 6,800.00 47.80 10,200.00 3,352.20 32.9%6507840 Utilities-Telephone1,354.51 1,150.00 204.51 9,424.59 9,200.00 224.59 13,800.00 4,375.41 31.7%6507842 Utilities-Water678.47 321.00 357.47 6,075.48 2,568.00 3,507.48 3,852.00 (2,223.48) -57.7%6507844 Utilities-Cable310.98 380.00 (69.02) 2,846.08 3,040.00 (193.92) 4,560.00 1,713.92 37.6%Total-CH-UTILITIES3,929.88 2,701.00 1,228.88 25,193.95 21,608.00 3,585.95 32,412.00 7,218.05 22.3%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning730.00 400.00 330.00 4,245.00 3,200.00 1,045.00 4,800.00 555.00 11.6%6509099 Contract Services-Security5,469.36 5,000.00 469.36 44,369.76 40,000.00 4,369.76 60,000.00 15,630.24 26.1%6509215 Flowers & Decorations- - - 713.10 1,000.00 (286.90) 1,900.00 1,186.90 62.5%6509490 Miscellaneous- 200.00 (200.00) 1,790.74 3,900.00 (2,109.26) 7,000.00 5,209.26 74.4%6509718 Safety Equipment & Training251.47 100.00 151.47 414.54 800.00 (385.46) 1,200.00 785.46 65.5%Total-CH-OTHER EXPENSES6,450.83 5,700.00 750.83 51,533.14 48,900.00 2,633.14 74,900.00 23,366.86 31.2%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures83.50 300.00 (216.50) 3,035.92 2,400.00 635.92 3,600.00 564.08 15.7%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 450.00 3,200.00 (2,750.00) 4,800.00 4,350.00 90.6%6515690 CH-R&M-Equipment Repair- 400.00 (400.00) 800.00 3,200.00 (2,400.00) 4,800.00 4,000.00 83.3%Total-CH-REPAIRS & MAINTENANCE83.50 1,100.00 (1,016.50)4,285.92 8,800.00 (4,514.08) 13,200.00 8,914.08 67.5%10,864.21 9,901.00 963.21 84,213.01 82,508.00 1,705.01 125,312.00 17,828.16 14.2%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetFebruary 20208 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 398.91 348.00 50.91 3,191.28 2,784.00 407.28 4,176.00 984.72 23.6%6601325 Insurance-Workers Comp134.11 94.00 40.11 801.40 752.00 49.40 1,129.00 327.60 29.0%6601720 Salaries2,415.00 2,508.00 (93.00) 19,635.81 20,064.00 (428.19) 30,096.00 10,460.19 34.8%6601800 Taxes-Employer Payroll243.40 251.00 (7.60) 1,947.20 2,008.00 (60.80) 3,010.00 1,062.80 35.3%Total-MKT-SALARIES & BENEFITS3,191.42 3,201.00 (9.58) 25,575.69 25,608.00 (32.31) 38,411.00 12,835.31 33.4%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office- 100.00 (100.00) 584.26 800.00 (215.74) 1,200.00 615.74 51.3%6603768 Supplies-Printing & Stationery311.85 125.00 186.85 4,590.48 3,925.00 665.48 4,425.00 (165.48) -3.7%311.85 225.00 86.85 5,174.74 4,725.00 449.74 5,625.00 450.26 8.0%66-MKT-UTILITIES6607840 Utilities-Telephone 175.44 100.00 75.44 1,185.50 800.00 385.50 1,200.00 14.50 1.2%Total-MKT-UTILITIES175.44 100.00 75.44 1,185.50 800.00 385.50 1,200.00 14.50 1.2%66-MKT-OTHER EXPENSES6609010 Advertising12,134.77 17,206.00 (5,071.23) 104,415.70 108,798.00 (4,382.30) 163,133.00 58,717.30 36.0%6609040 Business Meals- 25.00 (25.00) - 200.00 (200.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) 6,214.98 2,500.00 3,714.98 5,500.00 (714.98) -13.0%6609102 Contract Services-Web Page649.00 150.00 499.00 3,938.00 1,200.00 2,738.00 1,800.00 (2,138.00) -118.8%6609490 Miscellaneous- 50.00 (50.00) - 200.00 (200.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) 117.61 400.00 (282.39) 600.00 482.39 80.4%6609630 Promotion- 50.00 (50.00) - 500.00 (500.00) 700.00 700.00 100.0%6609633 Promotion-Community- 75.00 (75.00) 1,001.98 1,950.00 (948.02) 2,250.00 1,248.02 55.5%6609634 Promotion-Media/Vendor- 50.00 (50.00) - - - 1,000.00 1,000.00 100.0%6609150 Dues and Subscriptions- 400.00 (400.00) - 435.00 (435.00) 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 400.80 500.00 (99.20) 600.00 199.20 33.2%Total-MKT-OTHER EXPENSES12,783.77 18,606.00 (5,822.23) 116,089.07 116,683.00 (593.93) 176,968.00 60,878.93 34.4%16,462.48 22,132.00 (5,669.52) 148,025.00 147,816.00 209.00 222,204.00 74,179.00 33.4%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetFebruary 20209 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group2,684.39 2,180.00 504.39 22,406.46 17,440.00 4,966.46 26,160.00 3,753.54 14.3%6701325 Insurance-Workers Comp105.33 761.00 (655.67) 4,097.42 5,834.00 (1,736.58) 8,881.00 4,783.58 53.9%6701720 Salaries14,633.67 17,012.00 (2,378.33) 117,444.13 128,617.00 (11,172.87) 197,432.00 79,987.87 40.5%6701800 Taxes-Employer Payroll1,550.52 2,030.00 (479.48) 10,905.98 15,560.00 (4,654.02) 23,684.00 12,778.02 54.0%6701880 Wages-Hourly3,339.81 3,291.00 48.81 18,892.48 27,008.00 (8,115.52) 39,404.00 20,511.52 52.1%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS22,313.72 25,274.00 (2,960.28) 173,746.47 194,459.00 (20,712.53) 295,561.00 121,814.53 41.2%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer162.01 500.00 (337.99) 1,692.79 4,000.00 (2,307.21) 6,300.00 4,607.21 73.1%6703762 Supplies-Office43.44 105.00 (61.56) 1,589.44 840.00 749.44 1,260.00 (329.44) -26.1%6703768 Supplies-Printing & Stationery160.58 400.00 (239.42) 1,323.27 1,700.00 (376.73) 3,300.00 1,976.73 59.9%Total-G&A-SUPPLIES & MATERIALS366.03 1,005.00 (638.97) 4,605.50 6,540.00 (1,934.50) 10,860.00 6,254.50 57.6%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 43.83 1,500.00 (1,456.17) 1,900.00 1,856.17 97.7%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 43.83 1,500.00 (1,456.17) 1,900.00 1,856.17 97.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 4,000.00 4,000.00 - 6,000.00 2,000.00 33.3%6709150 Dues & Subscriptions- 200.00 (200.00) 899.41 700.00 199.41 1,150.00 250.59 21.8%6709180 Employee Recruiting/Relocation199.72 200.00 (0.28) 890.79 1,000.00 (109.21) 1,200.00 309.21 25.8%6709197 Equipment Rental501.93 550.00 (48.07) 4,905.24 4,400.00 505.24 6,600.00 1,694.76 25.7%6709202 Fees-Bank117.64 90.00 27.64 846.58 720.00 126.58 1,080.00 233.42 21.6%6709208 Fees-Payroll Processing593.81 1,000.00 (406.19) 3,894.05 8,000.00 (4,105.95) 12,000.00 8,105.95 67.5%6709220 Freight/Delivery- 50.00 (50.00) - 400.00 (400.00) 600.00 600.00 100.0%6709490 Miscellaneous129.78 100.00 29.78 4,665.79 6,200.00 (1,534.21) 6,600.00 1,934.21 29.3%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services276.60 75.00 201.60 979.68 600.00 379.68 900.00 (79.68) -8.9%6709625 Professional Fees914.00 850.00 64.00 10,987.95 6,800.00 4,187.95 10,200.00 (787.95) -7.7%6709636 Promotion/Entertainment- 100.00 (100.00) - 800.00 (800.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training270.70 200.00 70.70 1,499.83 1,600.00 (100.17) 2,400.00 900.17 37.5%6709810 Travel- 100.00 (100.00) - 200.00 (200.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 (75.00) 402.13 750.00 (347.87) 1,050.00 647.87 61.7%Total-G&A-OTHER EXPENSES3,504.18 4,090.00 (585.82) 33,971.45 36,170.00 (2,198.55) 52,080.00 18,108.55 34.8%26,183.93 30,469.00 (4,285.07) 212,367.25 238,669.00 (26,301.75) 360,401.00 148,033.75 41.1%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetFebruary 202010 February 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts 10,636.93 12,000.00 (1,363.07) 80,249.48 88,650.00 (8,400.52) 136,650.00 56,400.52 6800193 Equipment Leases-Maintenance 10,138.75 9,500.00 638.75 78,828.07 76,000.00 2,828.07 114,000.00 35,171.93 6800194 Equipment Leases-Trailer- 300.00 (300.00) 4,077.22 2,400.00 1,677.22 3,600.00 (477.22) 6800196 Equipment Leases-GPS2,640.00 2,900.00 (260.00) 28,500.00 27,200.00 1,300.00 38,800.00 10,300.00 6800197 Equipment Leases-Others1,110.67 1,950.00 (839.33) 15,699.84 12,400.00 3,299.84 20,200.00 4,500.16 24,526.35 26,650.00(2,123.65) 207,354.61206,650.00704.61 313,250.00 105,895.3969-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,880.00 9,880.00 - 79,040.00 79,040.00 - 118,560.00 39,520.00 6900800 Personal Property Taxes- - - 13,171.65 11,800.00 1,371.65 11,800.00 (1,371.65) 6900323 Insurance-Commercial6,371.07 4,000.00 2,371.07 42,177.23 32,000.00 10,177.23 48,000.00 5,822.77 16,251.07 13,880.002,371.07 134,388.88122,840.0011,548.88 178,360.00 43,971.12 Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to DateYear to DateFebruary 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 Comp13 13Charity/Gift Certificate276Rain/Wind Checks2Club Staff56 32LQ HS Golf12 41116 94000012