Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
09 March 2020 SilverRock Resort - Monthly Financial Statement
Monthly Financial Statements July 2019 – March 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 March 2020Final Budget Variance Percentages Unfavorable (-) Favorable (+) Final Budget Variance Annual Budget Unemcumb. % Bdgt Income400000 Golf Green Fee Revenue254,228.10 553,281.00 (299,052.90) -54.1% 2,048,164.83 2,422,340.00 (374,175.17) 3,209,134.00 1,160,969.17 64%401000 Miscellaneous Golf Revenue17,037.00 36,525.00 (19,488.00) -53.4% 179,656.50 224,313.00 (44,656.50) 300,066.00 120,409.50 60%410000 Revenue-Golf Shop11,808.56 35,880.00 (24,071.44) -67.1% 129,794.16 177,533.00 (47,738.84) 249,256.00 119,461.84 52%420000 Revenue-F&B Concession1,500.00 1,500.00 - 0.0% 10,500.00 10,500.00 - 12,000.00 1,500.00 88%890000 Interest Income- - - 0.0%0.37 - 0.37 - (0.37) 0%Total Income284,573.66 627,186.00 (342,612.34) -54.6% 2,368,115.86 2,834,686.00 (466,570.14) 3,770,456.00 1,402,340.14 63%Cost of Goods Sold510000 COS-Golf Shop 19,832.24 20,082.00 (249.76) 1.2% 77,027.14 99,363.00 22,335.86 139,509.00 62,481.86 55%Total COS19,832.24 20,082.00 (249.76) 1.2% 77,027.14 99,363.00 22,335.86 139,509.00 62,481.86 55%Gross Profit264,741.42 607,104.00 (342,362.58) -56.4% 2,291,088.72 2,735,323.00 (444,234.28) 3,630,947.00 1,339,858.28 63%Expenses610000 Golf Pro Shop18,214.95 19,172.00 (957.05) 5.0% 147,214.35 149,702.00 (2,487.65) 208,393.00 61,178.65 71%630000 Course Maintenance112,986.84 132,410.00 (19,423.16) 14.7% 1,263,865.19 1,366,396.00 (102,530.81) 1,783,663.00 519,797.81 71%633000 Maintenance Water & Energy13,815.10 17,252.00 (3,436.90) 19.9% 161,338.45 171,469.00 (10,130.55) 249,838.00 88,499.55 65%640000 Outside Services40,904.81 41,721.00 (816.19) 2.0% 341,307.50 304,957.00 36,350.50 396,373.00 55,065.50 86%650000 Clubhouse20,217.38 12,701.00 7,516.38 -59.2% 104,430.39 95,209.00 9,221.39 125,312.00 20,881.61 83%660000 Marketing8,277.97 20,425.00 (12,147.03) 59.5% 156,302.97 168,191.00 (11,888.03) 222,203.00 65,900.03 70%670000 General & Administrative30,013.31 30,219.00 (205.69) 0.7% 242,380.56 268,888.00 (26,507.44) 360,401.00 118,020.44 67%680000 Leases27,806.27 26,650.00 1,156.27 -4.3% 235,160.88 233,300.00 1,860.88 313,250.00 78,089.12 75%690000 Miscellaneous Other Expense15,436.03 13,880.00 1,556.03 -11.2% 149,824.91 136,720.00 13,104.91 178,360.00 28,535.09 84%Total Expenses287,672.66 314,430.00 (26,757.34) 8.5% 2,801,825.20 2,894,832.00 93,006.80 3,837,793.00 1,035,967.80 73%(22,931.24) 292,674.00 (315,605.24) -107.8%(510,736.48) (159,509.00) (351,227.48) (206,846.00) 303,890.48 0%Rounds of Golf PlayedPaid Rounds Played2,739 5,520 (2,781) -50.4%27,846 31,713 (3,867) 43,667 15,821 64%Ave $ Per Paid Round Green Fee92.82 100.23 (7.41) -7.4%73.55 76.38 (2.83) 73.49 (0.06) 100%Ave $ Per Paid Round Merchandise4.31 6.50 (2.19) -33.7%4.66 5.60 (0.94) 5.71 1.05 82%Ave $ Per Paid Miscellaneous 6.22 6.62 (0.40) -6.0%6.45 7.07 (0.62) 6.87 0.42 94%SilverRock ResortSummary Operating Income StatementNet IncomeMonth to DateYear to DateMarch 2020 Income March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4000000 Revenue-Fees254,228.10 553,281.00 (299,052.90) 2,048,164.83 2,422,340.00 (374,175.17) 3,209,134.00 1,160,969.17 36.2%4010000 Rider Fee800.00 1,500.00 (700.00) 7,035.00 6,528.00 507.00 7,807.00 772.00 9.9%4040000 Club Rental1,510.00 3,000.00 (1,490.00) 15,985.00 14,688.00 1,297.00 21,087.00 5,102.00 24.2%4050000 Driving Range6,310.00 15,000.00 (8,690.00) 51,238.00 75,672.00 (24,434.00) 94,872.00 43,634.00 46.0%4060000 Handicap Fees322.00 400.00 (78.00) 2,466.00 2,500.00 (34.00) 2,500.00 34.00 1.4%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 - 5,000.00 5,000.00 - 6,000.00 1,000.00 16.7%4092000 Golf Lessons- - - - - - - - 0.0%4093000 Resident Card Issue7,095.00 15,625.00 (8,530.00) 95,905.00 118,425.00 (22,520.00) 165,300.00 69,395.00 42.0% Total Revenue Fees 271,265.10 589,806.00(318,540.90)2,227,821.332,646,653.00 (418,831.67)3,509,200.00 1,281,378.67 36.5%271,265.10 589,806.00(318,540.90)2,227,821.332,646,653.00 (418,831.67)3,509,200.00 1,281,378.67 36.5%SilverRock ResortStatement of Fees RevenueTotal IncomeMonth to DateYear to DateAnnual BudgetMarch 2020 Variance ExplanationMarch 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 areDue to Closure of Golf Course Facilities the variance report is not reported.provided for those cost of sales percentage that are greater than 5%.3-20-13 Income March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% Budget4100000 Sales Miscellaneous583.82 - 583.82 7,485.54 - 7,485.54 00 0%4100110 Sales Hard Goods3,518.25 8,970.00 (5,451.75) 55,960.55 44,384.00 11,576.55 62,314.00 6,353.45 10.2%4100112 Sales-Soft Goods9,815.00 26,910.00 (17,095.00) 87,634.75 133,149.00 (45,514.25) 186,942.00 99,307.25 53.1%5100639 GS-Discounts-Mdse (2,108.51) - (2,108.51) (21,286.68) - (21,286.68) - 21,286.68 0.0% Total Revenue Golf Shop11,808.56 35,880.00 (24,071.44) 129,794.16 177,533.00 (47,738.84) 249,256.00 126,947.38 50.9%COS 5100150 COS-GS-Hard Goods 5,955.12 5,203.00 752.12 33,266.74 25,741.00 7,525.74 34,877.15 1,610.41 4.6%5100151 COS-GS-Soft Goods 13,575.96 15,608.00 (2,032.04) 42,488.27 77,226.00 (34,737.73) 104,631.44 62,143.17 59.4%5100152 COS-GS-Purchase Disc (42.88) (1,041.00) 998.12 (467.13) (5,148.00) 4,680.87 (7,228.00) (6,760.87) 93.5%5100220 COS-GS-Freight Merch 344.04 312.00 32.04 1,739.26 1,544.00 195.26 2,169.00 429.74 19.8%Cost of Sales - Golf Shop19,832.24 20,082.00 (249.76) 77,027.14 99,363.00 (22,335.86) 134,449.59 57,422.45 42.7%Gross Profit (8,023.68) 15,798.00 (23,821.68) 52,767.02 78,170.00 (25,402.98) 114,806.41 69,524.93 60.6%COS % 167.9% 56.0% -112.0% 59.3% 56.0% -3.4% 53.1% 45.2% 85.2%Expense61-PS-SALARIES & BENEFITS6101320 Insurance Group189.72 490.00 (300.28) 3,456.38 4,410.00 (953.62) 5,880.00 2,423.62 41.2%6101325 Insurance-Workers Comp 459.50 579.00 (119.50) 5,048.69 4,392.00 656.69 6,054.00 1,005.31 16.6%6101720 Salaries4,572.17 4,400.00 172.17 44,717.45 39,600.00 5,117.45 65,000.00 20,282.55 31.2%6101800 Taxes-Employer Payroll 2,100.03 1,545.00 555.03 11,996.55 11,716.00 280.55 16,144.00 4,147.45 25.7%6101880 Wages-Hourly10,488.25 11,048.00 (559.75) 73,335.13 77,554.00 (4,218.87) 98,874.00 25,538.87 25.8%6101882 Wages-Overtime244.88 - 244.88 1,048.55 - 1,048.55 - 952.88 0.0%Total -PS-SALARIES & BENEFITS 18,054.55 18,062.00 (7.45) 139,602.75 137,672.00 1,930.75 191,952.00 54,350.68 28.3%61-PS OTHER EXPENSES6103742 Supplies-Expendable- - - 1,347.48 - 1,347.48 - (1,347.48) 0.0%6103762 Supplies-Office- 250.00 (250.00) 2,654.69 2,250.00 404.69 3,000.00 345.31 11.5%6109220 Freight & Delivery- - - 134.88 75.00 59.88 75.00 (59.88) -79.8%6109490 Miscellaneous48.51 500.00 (451.49) 1,015.23 4,500.00 (3,484.77) 6,000.00 4,984.77 83.1%6109150 Dues and Subscriptions- - - - - - 2,300.00 2,300.00 100.0%6109500 ProShop-Over/Short(14.00) - (14.00) 23.55 - 23.55 - (23.55) 0.0%6109722 Seminars/Training- 35.00 (35.00) - 2,370.00 (2,370.00) 3,690.00 3,690.00 100.0%6109810 Travel - Merchandise- 15.00 (15.00) - 45.00 (45.00) 90.00 90.00 100.0%6109820 Uniforms87.00 200.00 (113.00) 1,921.72 1,800.00 121.72 2,400.00 478.28 19.9%6117840 Telephones38.89 110.00 (71.11) 514.05 990.00 (475.95) 1,320.00 805.95 61.1%160.40 1,110.00 (949.60) 7,611.60 12,030.00 (4,418.40) 18,875.00 11,263.40 59.7%18,214.95 19,172.00 (957.05) 147,214.35 149,702.00 (2,487.65) 210,827.00 65,614.08 31.1%Net Income(26,238.63) (3,374.00) (22,864.63) (94,447.33) (71,532.00) (22,915.33) (96,020.59) 3,910.85 -4.1%SilverRock ResortGolf Shop Income StatementTotal Expenses-Golf ShopMonth to DateYear to DateAnnual BudgetMarch 2020 March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense63-CM-SALARIES & BENEFITS6311320 Insurance-Group 150.84 9,810.00 (9,659.16) 71,217.32 88,290.00 (17,072.68) 117,720.00 46,502.68 39.5%6311325 Insurance-Workers Comp2,205.98 2,675.00 (469.02) 21,092.22 21,229.00 (136.78) 28,929.00 7,836.78 27.1%6311720 Salaries13,012.76 12,480.00 532.76 117,114.84 112,320.00 4,794.84 166,400.00 49,285.16 29.6%6311800 Taxes-Employer Payroll11,081.98 7,217.00 3,864.98 51,023.36 57,233.00 (6,209.64) 77,767.00 26,743.64 34.4%6311880 Wages-Hourly45,777.65 57,181.00 (11,403.35) 403,088.53 441,493.00 (38,404.47) 592,769.00 189,680.47 32.0%6311882 Wages-Overtime6,805.59 2,500.00 4,305.59 41,355.25 18,500.00 22,855.25 18,500.00 (22,855.25) -123.5%Total-CM-SALARIES & BENEFITS 79,034.80 91,863.00 (12,828.20) 704,891.52 739,065.00 (34,173.48) 1,002,085.00 297,193.48 29.7%63-CM-SUPPLIES & MATERIALS6313734 Chemicals- 1,806.00 (1,806.00) 27,141.82 38,252.00 (11,110.18) 50,060.00 22,918.18 45.8%6313744 Fertilizer5,031.29 3,370.00 1,661.29 59,989.37 78,270.00 (18,280.63) 104,520.00 44,530.63 42.6%6313745 Herbicides- - - 1,815.13 - 1,815.13 - (1,815.13) 0.0%6313746 Flowers/Plants- 100.00 (100.00) (43.37) 2,950.00 (2,993.37) 3,050.00 3,093.37 101.4%6313748 Fuel-Gasoline3,245.03 3,880.00 (634.97) 31,868.38 35,580.00 (3,711.62) 46,860.00 14,991.62 32.0%6313750 Golf Course Accessories897.87 - 897.87 20,000.61 12,460.00 7,540.61 13,140.00 (6,860.61) -52.2%6313756 POA Control- - - 160.00 9,900.00 (9,740.00) 9,900.00 9,740.00 98.4%6313758 Miscellaneous Supp367.05 100.00 267.05 4,629.39 4,050.00 579.39 4,350.00 (279.39) -6.4%6313762 Supplies-Office418.87 - 418.87 1,632.22 - 1,632.22 - (1,632.22) 0.0%6313774 Sand- 100.00 (100.00) 6,986.12 13,160.00 (6,173.88) 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 Equip- 100.00 (100.00) 3,608.37 4,700.00 (1,091.63) 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 & MATERIALS 9,960.11 9,456.00 504.11 271,711.08 334,522.00 (62,810.92) 393,240.00 121,528.92 30.9%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 83.50 250.00 (166.50) 8,503.87 4,800.00 3,703.87 5,550.00 (2,953.87) -53.2%6315690 CM-R&M-Equipment2,305.40 2,000.00 305.40 33,359.39 31,500.00 1,859.39 38,500.00 5,140.61 13.4%6315692 CM-R&M-Irrigation System1,328.82 1,000.00 328.82 17,640.42 16,050.00 1,590.42 19,050.00 1,409.58 7.4%6315696 CM-R&M-Pumps- 1,000.00 (1,000.00) 3,913.90 9,000.00 (5,086.10) 10,500.00 6,586.10 62.7%6315815 CM-R&M-Trees-Pruning Etc800.00 2,000.00 (1,200.00) 5,730.00 8,050.00 (2,320.00) 12,050.00 6,320.00 52.4%Total-CM-REPAIRS & MAINTENANCE 4,517.72 6,250.00 (1,732.28) 100,225.77 88,650.00 11,575.77 116,450.00 16,224.23 13.9%6317836 Utilities-Natural Gas/LPG26.41 15.00 11.41 198.33 135.00 63.33 180.00 (18.33) 0.0%6317840 Telephones722.32 850.00 (127.68) 6,987.14 7,650.00 (662.86) 10,200.00 3,212.86 31.5%Total-CM-UTILITIES748.73 865.00 (116.27) 7,185.47 7,785.00 (599.53) 10,380.00 3,194.53 30.8%63-CM-OTHER EXPENSES6319020 Auto Mileage/Allowance400.00 400.00 - 3,600.00 3,600.00 - 4,800.00 1,200.00 25.0%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 Removal328.36 524.00 (195.64) 1,313.44 4,716.00 (3,402.56) 6,288.00 4,974.56 79.1%6319150 Dues & Subscriptions610.00 - 610.00 1,340.00 200.00 1,140.00 680.00 (660.00) -97.1%6319170 Employee Education- 2,400.00 (2,400.00) - 3,750.00 (3,750.00) 3,900.00 3,900.00 100.0%6319197 Equipment Rental- 200.00 (200.00) - 2,900.00 (2,900.00) 3,400.00 3,400.00 100.0%6319206 Licenses & Permits- 1,000.00 (1,000.00) 1,595.86 1,400.00 195.86 4,300.00 2,704.14 62.9%6319490 Miscellaneous- 100.00 (100.00) 1,476.54 900.00 576.54 1,200.00 (276.54) -23.0%6319718 Safety Equipment & Training166.31 200.00 (33.69) 2,351.69 3,550.00 (1,198.31) 3,850.00 1,498.31 38.9%6319822 Uniforms1,280.27 920.00 360.27 10,715.54 8,280.00 2,435.54 11,040.00 324.46 2.9%Total-CM-OTHER EXPENSES 2,784.94 5,744.00 (2,959.06) 22,478.07 30,296.00 (7,817.93) 41,458.00 18,979.93 45.8%Month to Date Year to DateSilverRock ResortCourse Maintenance Expense StatementAnnual Budget March 2020 March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget632-CM-LANDSCAPE MAINTENANCE632-CM-LM-SALARIES & BENEFITS6321320 Insurance-Group 2,400.00 2,450.00 (50.00) 25,996.48 22,050.00 3,946.48 29,400.00 3,403.52 11.6%6321325 Insurance-Workers Comp508.90 500.00 8.90 4,848.31 4,487.00 361.31 5,955.00 1,106.69 18.6%6321800 Taxes-Employer Payroll1,761.88 1,333.00 428.88 8,782.97 12,077.00 (3,294.03) 15,995.00 7,212.03 45.1%6321880 Wages-Hourly10,174.01 13,334.00 (3,159.99) 107,221.94 117,386.00 (10,164.06) 156,528.00 49,306.06 31.5%6321882 Wages-Overtime1,095.75 - 1,095.75 6,374.27 3,418.00 2,956.27 3,418.00 (2,956.27) -86.5%Total-CM-LM-SALARIES & BENEFITS 15,940.54 17,617.00 (1,676.46) 153,223.97 159,418.00 (6,194.03) 211,296.00 58,072.03 27.5%632-CM-LM-SUPPLIES & MATERIALS6323778 Small Tools- 75.00 (75.00) - 800.00 (800.00) 1,025.00 1,025.00 100.0%6323788 Uniforms- 290.00 (290.00) 2,351.31 2,610.00 (258.69) 3,480.00 1,128.69 32.4%Total-CM-LM-SUPPLIES & MATERIALS- 365.00 (365.00) 2,351.31 3,410.00 (1,058.69) 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 3,250.00 (1,452.00) 4,250.00 2,452.00 57.7%Total-CM-LM-REPAIRS & MAINTENANCE- 250.00 (250.00) 1,798.00 3,250.00 (1,452.00) 4,250.00 2,452.00 57.7%112,986.84 132,410.00 (19,423.16) 1,263,865.19 1,366,396.00 (102,530.81) 1,783,664.00 519,798.81 29.1% March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%Budget633-CM-WATER & ENERGY6337834 Utilities-Electricity-Pumping 5,180.30 5,247.00 (66.70) 91,180.66 79,242.00 11,938.66 179,791.00 88,610.34 49.3%6337842 Utilities-Water8,634.80 12,005.00 (3,370.20) 70,157.79 92,227.00 (22,069.21) 70,047.00 (110.79) -0.2%13,815.10 17,252.00 (3,436.90) 161,338.45 171,469.00 (10,130.55) 249,838.00 88,499.55 35.4%Silverrock ResortCourse Maintenance Water & EnergyMarch 2020Total-CM-WATER & ENERGYMonth to DateYear to DateAnnual BudgetTotal-COURSE MAINTENANCECourse Maintenance Expense StatementMarch 2020Silverrock ResortAnnual BudgetMonth to Date Year to Date March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense641-CBR-SALARIES & BENEFITS6411320 Insurance-Group423.01 304.00 119.01 2,209.23 2,736.00 (526.77) 3,648.00 1,438.77 39.4%6411325 Insurance-Workers Comp1,286.74 848.00 438.74 7,101.04 5,610.00 1,491.04 7,482.00 380.96 5.1%6411800 Taxes-Employer Payroll3,909.19 2,816.00 1,093.19 17,873.22 18,626.00 (752.78) 24,841.00 6,967.78 28.0%6411880 Wages-Hourly19,229.13 22,620.00 (3,390.87) 141,642.21 149,604.00 (7,961.79) 199,524.00 57,881.79 29.0%6411882 Wages-Overtime3,438.07 - 3,438.07 12,309.26 - 12,309.26 - (12,309.26) 0.0%Total-CBR-SALARIES & BENEFITS28,286.14 26,588.001,698.14 181,134.96176,576.004,558.96 235,495.00 54,360.04 23.1%641-CBR-SUPPLIES & MATERIALS6413732 Supplies-Carts 63.50 50.00 13.50 172.41 1,700.00 (1,527.59) 1,850.00 `0.0%6413742 Supplies-Expendable585.13 150.00 435.13 6,484.56 5,600.00 884.56 6,750.00 265.44 3.9%6413748 Supplies-Fuel for Shuttle- 450.00 (450.00) - 2,250.00 (2,250.00) 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) 208.68 375.00 (166.32) 525.00 316.32 60.3%6413768 Supplies-Printing and Stationary- 70.00 (70.00) 92.73 210.00 (117.27) 420.00 327.27 77.9%6413786 Supplies-Towels2,435.89 250.00 2,185.89 5,075.89 1,610.00 3,465.89 2,182.00 (2,893.89) -132.6%6413796 Supplies-Bottled Water- 200.00 (200.00) 18,088.63 15,400.00 2,688.63 19,900.00 1,811.37 9.1%Total-CBR-SUPPLIES & MATERIALS3,084.52 1,220.00 1,864.52 40,889.15 37,145.00 3,744.15 44,627.00 2,060.26 4.6%641-CBR-REPAIRS & MAINTENANCE6415690 CBR-R&M-Equipment 263.95 300.00 (36.05) 952.69 2,700.00 (1,747.31) 3,600.00 2,647.31 73.5%6415695 CBR-R&M-Cart Maintenance & Repair 203.07 500.00 (296.93) 25,481.43 4,950.00 20,531.43 6,450.00 (19,031.43) -295.1%Total-CBR-REPAIRS & MAINTENANCE467.02 800.00 (332.98) 26,434.12 7,650.00 18,784.12 10,050.00 (16,384.12) -163.0%641-CBR-OTHER EXPENSES6419094 Contract Services-Laundry/Linen664.63 800.00 (135.37) 11,644.27 7,200.00 4,444.27 9,600.00 (2,044.27) -21.3%6419220 Freight/Delivery- - - - 450.00 (450.00) 450.00 450.00 100.0%6419490 Miscellaneous284.97 600.00 (315.03) 3,453.28 5,400.00 (1,946.72) 7,200.00 3,746.72 52.0%6419820 Uniforms61.50 500.00 (438.50) 3,449.05 3,500.00 (50.95) 5,200.00 1,750.95 33.7%Total-CBR-OTHER EXPENSES1,011.10 1,900.00 (888.90) 18,546.60 16,550.00 1,996.60 22,450.00 3,903.40 17.4%TOTAL-CARTS,BAGROOM & RANGE 32,848.78 30,508.00(888.90) 267,004.83237,921.0029,083.83 312,622.00 43,939.58 14.1%643-CS-SALARIES & BENEFITS6431320 Insurance-Group- - - - - - - - 0.0%6431325 Insurance-Workers Comp735.20 362.00 373.20 3,913.49 2,109.00 1,804.49 2,630.00 (1,283.49) -48.8%6431800 Taxes-Employer Payroll866.08 966.00 (99.92) 6,434.49 5,629.00 805.49 7,013.00 578.51 8.2%6431880 Wages-Hourly6,454.75 9,660.00 (3,205.25) 60,234.40 56,273.00 3,961.40 70,133.00 9,898.60 14.1%6431882 Wages-Overtime- - - - - - - - 0.0%Total-CS-SALARIES & BENEFITS8,056.03 10,988.00(2,931.97) 70,582.38 64,011.00 6,571.38 79,776.00 9,193.62 11.5%643-CS-OTHER EXPENSES6433742 Supplies Expendable - 100.00 (100.00) 367.61 800.00 (432.39) 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) 58.46 450.00 (391.54) 600.00 541.54 90.3%6439820 Uniforms- 75.00 (75.00) 3,294.22 1,575.00 1,719.22 2,125.00 (1,169.22) -55.0%Total-CS-OTHER EXPENSES- 225.00 (225.00) 3,720.29 3,025.00 695.29 3,975.00 254.71 6.4%Total-COURSE SERVICES 8,056.03 11,213.00(3,156.97) 74,302.67 67,036.00 7,266.67 83,751.00 9,448.33 11.3%40,904.81 41,721.00(816.19) 341,307.50304,957.0036,350.50 396,373.00 53,133.20 13.4%TOTAL OUTSIDE SERVICESMonth to DateYear to DateSilverRock ResortOutside Services Expense StatementAnnual BudgetMarch 2020 March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.%BudgetExpense65-CH-SUPPLIES & MATERIALS6503742 Supplies-Expendable 400.00 400.00 - 3,600.00 3,600.00 - 4,800.00 1,200.00 25.0%Total-CH-SUPPLIES & MATERIALS400.00 400.00 - 3,600.00 3,600.00 - 4,800.00 1,200.00 25.0%65-CH-UTILITIES6507836 Utilities-Natural Gas8,231.58 850.00 7,381.58 15,079.38 7,650.00 7,429.38 10,200.00 (4,879.38) -47.8%6507840 Utilities-Telephone1,321.95 1,150.00 171.95 10,746.54 10,350.00 396.54 13,800.00 3,053.46 22.1%6507842 Utilities-Water1,332.26 321.00 1,011.26 7,407.74 2,889.00 4,518.74 3,852.00 (3,555.74) -92.3%6507844 Utilities-Cable249.99 380.00 (130.01) 3,096.07 3,420.00 (323.93) 4,560.00 1,463.93 32.1%Total-CH-UTILITIES11,135.78 2,701.00 8,434.78 36,329.73 24,309.00 12,020.73 32,412.00 (3,917.73) -12.1%65-CH-OTHER EXPENSES6509091 Contract Services-Cleaning390.00 400.00 (10.00) 4,635.00 3,600.00 1,035.00 4,800.00 165.00 3.4%6509099 Contract Services-Security5,739.64 5,000.00 739.64 50,109.40 45,000.00 5,109.40 60,000.00 9,890.60 16.5%6509215 Flowers & Decorations- 500.00 (500.00) 713.10 1,500.00 (786.90) 1,900.00 1,186.90 62.5%6509490 Miscellaneous- 2,500.00 (2,500.00) 1,790.74 6,400.00 (4,609.26) 7,000.00 5,209.26 74.4%6509718 Safety Equipment & Training197.77 100.00 97.77 612.31 900.00 (287.69) 1,200.00 587.69 49.0%Total-CH-OTHER EXPENSES6,327.41 8,500.00 (2,172.59)57,860.55 57,400.00 460.55 74,900.00 17,039.45 22.7%65-CH-REPAIRS & MAINTENANCE6515685 CH-R&M-Building Structures83.50 300.00 (216.50) 3,119.42 2,700.00 419.42 3,600.00 480.58 13.3%6515686 CH-R&M-Restaurant Repairs- 400.00 (400.00) 450.00 3,600.00 (3,150.00) 4,800.00 4,350.00 90.6%6515690 CH-R&M-Equipment Repair2,270.69 400.00 1,870.69 3,070.69 3,600.00 (529.31) 4,800.00 1,729.31 36.0%Total-CH-REPAIRS & MAINTENANCE2,354.19 1,100.00 1,254.19 6,640.11 9,900.00 (3,259.89) 13,200.00 6,559.89 49.7%20,217.38 12,701.007,516.38 104,430.3995,209.00 9,221.39 125,312.00 13,119.78 10.5%Total CLUBHOUSEMonth to DateYear to DateSilverRock ResortClubhouse Expense StatementAnnual BudgetMarch 2020 March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense66-MKT-SALARIES & BENEFITS6601320 Insurance-Group 386.20 348.00 38.20 3,577.48 3,132.00 445.48 4,176.00 598.52 14.3%6601325 Insurance-Workers Comp91.90 94.00 (2.10) 893.30 846.00 47.30 1,129.00 235.70 20.9%6601720 Salaries2,478.60 2,508.00 (29.40) 22,114.41 22,572.00 (457.59) 30,096.00 7,981.59 26.5%6601800 Taxes-Employer Payroll365.10 251.00 114.10 2,312.30 2,259.00 53.30 3,010.00 697.70 23.2%Total-MKT-SALARIES & BENEFITS 3,321.80 3,201.00 120.80 28,897.49 28,809.00 88.49 38,411.00 9,513.51 24.8%66-MKT-SUPPLIES & MATERIALS6603762 Supplies-Office - 100.00 (100.00) 584.26 900.00 (315.74) 1,200.00 615.74 51.3%6603768 Supplies-Printing & Stationery193.43 125.00 68.43 4,783.91 4,050.00 733.91 4,425.00 (358.91) -8.1%193.43 225.00 (31.57) 5,368.17 4,950.00 418.17 5,625.00 256.83 4.6%66-MKT-UTILITIES6607840 Utilities-Telephone 156.97 100.00 56.97 1,342.47 900.00 442.47 1,200.00 (142.47) -11.9%Total-MKT-UTILITIES 156.97 100.00 56.97 1,342.47 900.00 442.47 1,200.00 (142.47) -11.9%66-MKT-OTHER EXPENSES6609010 Advertising 3,002.79 15,599.00 (12,596.21) 107,418.49 124,397.00 (16,978.51) 163,133.00 55,714.51 34.2%6609040 Business Meals- 25.00 (25.00) - 225.00 (225.00) 300.00 300.00 100.0%6609080 Collateral Material- 500.00 (500.00) 6,214.98 3,000.00 3,214.98 5,500.00 (714.98) -13.0%6609102 Contract Services-Web Page649.00 150.00 499.00 4,587.00 1,350.00 3,237.00 1,800.00 (2,787.00) -154.8%6609490 Miscellaneous- 50.00 (50.00) - 250.00 (250.00) 350.00 350.00 100.0%6609620 Postage- 50.00 (50.00) 117.61 450.00 (332.39) 600.00 482.39 80.4%6609630 Promotion- 50.00 (50.00) - 550.00 (550.00) 700.00 700.00 100.0%6609633 Promotion-Community48.20 75.00 (26.80) 1,050.18 2,025.00 (974.82) 2,250.00 1,199.82 53.3%6609634 Promotion-Media/Vendor905.78 50.00 855.78 905.78 - 905.78 1,000.00 94.22 9.4%6609150 Dues and Subscriptions- 300.00 (300.00) - 735.00 (735.00) 735.00 735.00 100.0%6609820 Uniforms- 50.00 (50.00) 400.80 550.00 (149.20) 600.00 199.20 33.2%Total-MKT-OTHER EXPENSES4,605.77 16,899.00 (12,293.23) 120,694.84 133,532.00 (12,837.16) 176,968.00 56,273.16 31.8%8,277.97 20,425.00 (12,147.03) 156,302.97 168,191.00 (11,888.03) 222,204.00 65,901.03 29.7%Total-MARKETINGMonth to DateYear to DateSilverRock ResortMarketing Expense StatementAnnual BudgetMarch 2020 March 2020 Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.% BudgetExpense67-G&A-SALARIES & BENEFITS6701320 Insurance-Group223.80 2,180.00 (1,956.20) 22,630.26 19,620.00 3,010.26 26,160.00 3,529.74 13.5%6701325 Insurance-Workers Comp275.70 761.00 (485.30) 4,373.12 6,595.00 (2,221.88) 8,881.00 4,507.88 50.8%6701720 Salaries9,824.58 17,012.00 (7,187.42) 127,268.71 145,629.00 (18,360.29) 197,432.00 70,163.29 35.5%6701800 Taxes-Employer Payroll1,913.91 2,030.00 (116.09) 12,819.89 17,590.00 (4,770.11) 23,684.00 10,864.11 45.9%6701880 Wages-Hourly3,166.56 3,291.00 (124.44) 22,059.04 30,299.00 (8,239.96) 39,404.00 17,344.96 44.0%6701882 Wages-Overtime- - - - - - - - 0.0%Total-G&A-SALARIES & BENEFITS15,404.55 25,274.00 (9,869.45) 189,151.02 219,733.00 (30,581.98) 295,561.00 106,409.98 36.0%67-G&A-SUPPLIES & MATERIALS6703740 Supplies-Computer- 500.00 (500.00) 1,692.79 4,500.00 (2,807.21) 6,300.00 4,607.21 73.1%6703762 Supplies-Office29.43 105.00 (75.57) 1,618.87 945.00 673.87 1,260.00 (358.87) -28.5%6703768 Supplies-Printing & Stationery- 400.00 (400.00) 1,323.27 2,100.00 (776.73) 3,300.00 1,976.73 59.9%Total-G&A-SUPPLIES & MATERIALS29.43 1,005.00 (975.57) 4,634.93 7,545.00 (2,910.07) 10,860.00 6,225.07 57.3%67-G&A-REPAIRS & MAINTENANCE6705690 Repairs & Maintenance-Equipment- 100.00 (100.00) 43.83 1,600.00 (1,556.17) 1,900.00 1,856.17 97.7%Total-G&A-REPAIRS & MAINTENANCE- 100.00 (100.00) 43.83 1,600.00 (1,556.17) 1,900.00 1,856.17 97.7%67-G&A-OTHER EXPENSES6709020 Auto/Mileage Allowance500.00 500.00 - 4,500.00 4,500.00 - 6,000.00 1,500.00 25.0%6709150 Dues & Subscriptions- 50.00 (50.00) 899.41 750.00 149.41 1,150.00 250.59 21.8%6709180 Employee Recruiting/Relocation171.48 200.00 (28.52) 1,062.27 1,200.00 (137.73) 1,200.00 137.73 11.5%6709197 Equipment Rental531.88 550.00 (18.12) 5,437.12 4,950.00 487.12 6,600.00 1,162.88 17.6%6709202 Fees-Bank115.19 90.00 25.19 961.77 810.00 151.77 1,080.00 118.23 10.9%6709208 Fees-Payroll Processing645.88 1,000.00 (354.12) 4,539.93 9,000.00 (4,460.07) 12,000.00 7,460.07 62.2%6709220 Freight/Delivery- 50.00 (50.00) - 450.00 (450.00) 600.00 600.00 100.0%6709490 Miscellaneous- 100.00 (100.00) 4,665.79 6,300.00 (1,634.21) 6,600.00 1,934.21 29.3%6709491 Loss/Damage- - - - - - - 0.0%6709620 Postage/Mail Services- 75.00 (75.00) 979.68 675.00 304.68 900.00 (79.68) -8.9%6709625 Professional Fees12,614.90 850.00 11,764.90 23,602.85 7,650.00 15,952.85 10,200.00 (13,402.85) -131.4%6709636 Promotion/Entertainment- 100.00 (100.00) - 900.00 (900.00) 1,200.00 1,200.00 100.0%6709722 Seminars & Training- 200.00 (200.00) 1,499.83 1,800.00 (300.17) 2,400.00 900.17 37.5%6709810 Travel- - - - 200.00 (200.00) 1,100.00 1,100.00 100.0%6709820 Uniforms- 75.00 (75.00) 402.13 825.00 (422.87) 1,050.00 647.87 61.7%Total-G&A-OTHER EXPENSES14,579.33 3,840.00 10,739.33 48,550.78 40,010.00 8,540.78 52,080.00 3,529.22 6.8%30,013.31 30,219.00 (205.69) 242,380.56 268,888.00 (26,507.44) 360,401.00 118,020.44 32.7%Total-GENERAL & ADMINISTRATIVEMonth to DateYear to DateSilverRock ResortGeneral & Administrative Expense StatementAnnual BudgetMarch 2020 March 2020Final Budget Variance Final Budget Variance Annual BudgetUnemcumb.Expense68-LEASES6800192 Equipment Leases-Carts10,636.93 12,000.00 (1,363.07) 90,886.41 100,650.00 (9,763.59) 136,650.00 45,763.59 6800193 Equipment Leases-Maintenance 12,379.40 9,500.00 2,879.40 91,207.47 85,500.00 5,707.47 114,000.00 22,792.53 6800194 Equipment Leases-Trailer- 300.00 (300.00) 4,077.22 2,700.00 1,377.22 3,600.00 (477.22) 6800196 Equipment Leases-GPS2,640.00 2,900.00 (260.00) 31,140.00 30,100.00 1,040.00 38,800.00 7,660.00 6800197 Equipment Leases-Others2,149.94 1,950.00 199.94 17,849.78 14,350.00 3,499.78 20,200.00 2,350.22 27,806.27 26,650.001,156.27 235,160.88233,300.001,860.88 313,250.00 78,089.12 69-MISC OTHER EXPENSES6900096 Contract Srvcs-Management Fee 9,880.00 9,880.00 - 88,920.00 88,920.00 - 118,560.00 29,640.00 6900800 Personal Property Taxes- - - 13,171.65 11,800.00 1,371.65 11,800.00 (1,371.65) 6900323 Insurance-Commercial 5,556.03 4,000.00 1,556.03 47,733.26 36,000.00 11,733.26 48,000.00 266.74 15,436.03 13,880.001,556.03 149,824.91136,720.0013,104.91 178,360.00 28,535.09 Total-LEASESTotal-MISC OTHER EXPENSESSilverrock ResortOperating Leases & Miscellaneous Other Expense StatementAnnual BudgetMonth to Date Year to DateMarch 2020 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 137Charity/Gift Certificate2769Rain/Wind Checks210Club Staff56 32 12LQ HS Golf12 41 16116 94 54000