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12 June 2023 SilverRock Resort - Monthly Financial Statement
S1LVERROCK® RESORT Monthly Financial Statements July 1, 2022 - June 2023 TABLE OF CONTENTS Summary Operating Income Expense 1 Statement of Fee Revenue 2 Golf Shop Income Statement 3 Course Maintenance Expense Statement 4 Outside Service Expense Statement 5 Clubhouse Expense Statement 6 Marketing Expense Statement 7 General & Administrative Expense Statement 8 Operating Leases & Miscellaneous Expense Statement 9 Complimentary Report 10 SilverRock Resort Summary Operating Income Statement June 2023 Month to Date G/L # Series Account Description June 2023 Final Budget Variance 1 Year to Date Annual Budget Percentages Unfavorable (-) Favorable (+1 Final Budget Variance Annual Budget Unemcumb. % Bdgt 400000 401000 410000 890000 420000 510000 520000 610000 630000 633000 640000 650000 660000 670000 680000 690000 620000 Income Golf Green Fee Revenue Miscellaneous Golf Revenue Revenue -Golf Shop Interest Income Food & Beverage Revenue Total Income Cost of Goods Sold COS -Golf Shop COS -Food & Beverage Total COS Gross Profit Expenses Golf Pro Shop Course Maintenance Maintenance Water & Energy Outside Services Clubhouse Marketing General & Administrative Leases Miscellaneous Other Expense Food & Beverage Expenses Total Expenses Net Income 163,154.67 138,575.00 24,579.67 8,169.00 20,770.00 (12,601.00) 11,452.19 11,271.00 181.19 41,383.37 28,175.00 13,208.37 224,159.23 198,791.00 25,368.23 7,580.27 6,307.00 1,273.27 41,383.37 10,217.00 31,166.37 48,963.64 16,524.00 32,439.64 175,195.59 182,267.00 7,071.41) 18,219.39 18,615.00 (395.61) 169,397.77 160,056.00 9,341.77 32,508.81 23,539.00 8,969.81 40,353.28 29,739.00 10,614.28 14,661.68 11,031.00 3,630.68 17,782.69 10,654.00 7,128.69 39,204.64 37,017.00 2,187.64 32,454.03 32,750.00 (295.97) 26,820.19 30,863.00 (4,042.81) 60,230.21 43,538.00 16,692.21 451,632.69 397,802.00 53,830.69 276,437.10) 215,535.00)6(0,902.10) 17.7% -60.7% 1.6% 0.0% 46.9% 12.8% -20.2% -305.0% -196.3% -3.9% 2.1% -5.8% -38.1% -35.7% -32.9% -66.9% -5.9% 0.9% 13.1% -38.3% -13.5% -4.7% 4,105,695.30 3,745,355.00 360,340.30 252,114.00 307,480.00 (55,366.00) 257,324.76 212,618.00 44,706.76 0.23 - 0.23 694,057.33 612,632.00 81,425.33 5,309,191.62 4,878,085.00 431,106.62 188,880.31 119,001.00 (69,879.31) 242,713.31 207,132.00 (35,581.31) 431,593.62 326,133.00 (105,460.62) 4,877,598.00 4,551,952.00 325,646.00 222,953.59 2,063,311.64 320,116.74 554,397.55 170,067.03 173,298.87 436,580.73 399,019.37 329,337.51 573,629.34 216,775.00 2,070,664.00 260,294.00 529,586.50 127,492.00 192,267.00 451,898.00 389,800.00 293,999.00 469.648.00 6,178.59 (7,352.36) 59,822.74 24,811.05 42,575.03 (18,968.13) (15,317.27) 9,219.37 35,338.51 103.981.34 5,242,712.37 5,002,423.50 (240,288.87) 365,114.37) (450,471.50) 85,357.13 3,745,355.00 307,480.00 1 212,618.00 585,382.00 4,850,835.00 119,002.00 199,408.00 318,410.00 4,532,425.00 216,775.00 2,070,664.00 260,294.00 529,580.00 127,492.00 192,267.00 451,899.00 389,800.00 293,999.00 453.954.00 4,986,724.00 454,299.00) (360,340.30) 55,366.00 (44,706.76) (108,675.33) (458,356.39) (69,878.31) (43,305.31) (69,878.31) (388,478.08) (6,178.59) 7,352.36 (59,822.74) (24,817.55) (42,575.03) 18,968.13 15,318.27 (9,219.37) (35,338.51) (119,675.34) 136,313.03) 252,165.05) 110% 82% 121% 0% 119% 109% 159% 122% 136% 108% 103% 100% 123% 105% 133% 90% 97% 102% 112% 105% 80% 400000 Rounds of Golf Played Paid Rounds Played Ave $ Per Paid Round Green Fee Ave $ Per Paid Round Merchandise Ave $ Per Paid Miscellaneous 2,782 2,300 482 58.65 60.25 (1.60) 4.12 4.90 (0.78) 2.94 2.24 0.70 21.0% -2.7% -16.0% 31.3% 44,438 41,996 2,4421 92.39 89.18 3.21 5.79 5.06 0.73 5.67 3.39 2.29 41,996 89.18 5.06 7.32 (2,442) (3.21) (0.73) 1.65 106% 104% 114% 77% 1 SilverRock Resort Golf Shop Income Statement June 2023 Month to Date Year to Date Annual Budget Income June 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget 4100000 Sales Miscellaneous 554.00 - 554.00 9,454.94 - 9,454.94 0 0 0% 4100110 Sales Hard Goods 6,080.98 2,618.00 3,262.98 95,044.02 53,152.00 41,892.02 53,155.00 (41,889.02) -78.8% 4100112 Sales -Soft Goods 6,068.00 8,453.00 (2,385.00) 186,289.94 159,466.00 26,823.94 159,464.00 (26,825.94) -16.8% 5100639 GS -Discounts -Mdse (1,250.79) - (1,250.79) 33,464.14) - 33,464.14) - 33,464.14 0.0% Total Revenue Golf Shop 11,452.19 11,271.00 181.19 257,324.7E 212,618.00 44,706.76 212,619.00 35,250.82) -16.6% COS 5100150 COS -GS -Hard Goods 4,018.12 1,634.00 2,384.12 91,323.29 30,848.00 60,475.29 30,829.00 (60,494.29) -196.2% 5100151 COS -GS -Soft Goods 3,505.58 4,902.00 (1,396.42) 92,429.91 92,470.00 (40.09) 92,489.00 59.09 0.1% 5100152 COS -GS -Purchase Disc (87.52) (327.00) 239.48 (1,693.52) (6,166.00) 4,472.48 (6,166.00) (4,472.48) 72.5% 5100220 COS -GS -Freight Merch 144.09 98.00 46.09 6,620.63 1,649.00 4,971.63 1,650.00 4,970.63) -268.7% Cost of Safes- Goff Shop 7,580.27 6,307.00 1,273.27 188,880.31 119,001.00 69,879.31 119,002.00 69,878.31) -58.7% Gross Profit 3,671.92 4,964.00 (1,092.08) 68,444.45 93,617.00 25,172.55) 93,617.00 34,627.49 37.0% COS % 66.2% 56.0% -10.2% 73.4% 56.0% -17.4% 53.1% 198.2% 373.5% Expense 61 -PS -SALARIES & BENEFITS 6101320 Insurance Group 828.72 826.00 2.72 5,899.77 9,912.00 (4,012.23) 9,912.00 4,012.23 40.5% 6101325 Insurance -Workers Comp 1,055.00 1,063.00 (8.00) 11,892.72 11,979.00 (86.28) 11,980.00 87.28 0.7% 6101720 Salaries 5,769.24 5,957.00 (187.76) 70,985.40 71,484.00 (498.60) 65,000.00 (5,985.40) -9.2% 6101800 Taxes -Employer Payroll 1,116.17 1,387.00 (270.83) 16,895.66 15,636.00 1,259.66 13,896.00 (2,999.66) -21.6% 6101880 Wages -Hourly 8,567.43 8,272.00 295.43 106,218.39 88,884.00 17,334.39 97,112.00 (9,106.39) -9.4% 6101882 Wages -Overtime - - - 365.80 - 365.80 - (365.80) 0.0% Total -PS-SALARIES & BENEFITS 17,336.56 17,505.00 (168.44) 212,257.74 197,895.00 14,362.74 197,900.00 (14,357.74) -7.3% 61 -PS OTHER EXPENSES 6103742 Supplies -Expendable - - - - - - - - 0.0% 6103762 Supplies -Office 65.94 250.00 (184.06) 1,627.46 3,000.00 (1,172.54) 3,000.00 1,172.54 39.1% 6109220 Freight & Delivery - - - 128.58 75.00 53.58 75.00 (53.58) -71.4% 6109490 Miscellaneous - 500.00 (500.00) 2,630.07 6,000.00 (3,369.93) 6,000.00 3,369.93 56.2% 6109150 Dues and Subscriptions - - - 1,582.00 2,300.00 (718.00) 2,300.00 718.00 31.2% 6109500 ProShop-Over/Short (6.52) - (6.52) 4.70 - 4.70 - (4.70) 0.0% 6109722 Seminars/Training - 35.00 (35.00) - 3,690.00 (3,690.00) 3,690.00 3,690.00 100.0% 6109810 Travel -Merchandise - 15.00 (15.00) - 90.00 (90.00) 90.00 90.00 100.0% 6109820 Uniforms 708.71 200.00 508.71 3,019.33 2,400.00 619.33 2,400.00 (619.33) -25.8% 6117840 Telephones 114.70 110.00 4.70 1,503.71 1,320.00 183.71 1,320.00 183.71) -13.9% Total - Other Expenses 882.83 1,110.00 (227.17) 10,695.85 18,875.00 8,179.15) 18,875.00 8,179.15 43.3% Total Expenses -Golf Shop 18,219.39 18,615.00 (395.61) 222,953.59 216,770.00 6,183.59 216,775.00 6,178.59) -2.9% Net Income 14347.47 (13,651.00) 696.47 (154,509.14) (123,153.00) (31,356.14) (123,158.00) 40,806.08 -33.1% SilverRock Resort Course Maintenance Expense Statement June 2023 3 Month to Date Year to Date Annual Budget June 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget Expense 63 -CM -SALARIES & BENEFITS 6311320 Insurance -Group 5,210.48 10,164.00 (4,953.52) 67,090.04 112,882.00 (45,791.96) 112,882.00 45,791.96 40.6% 6311325 Insurance -Workers Comp 2,750.00 3,605.00 (855.00) 37,394.21 37,437.00 (42.79) 37,437.00 42.79 0.1% 6311720 Salaries 14,691.38 16,667.00 (1,975.62) 186,898.28 199,980.00 (13,081.72) 200,000.00 13,101.72 6.6% 6311800 Taxes -Employer Payroll 3,176.88 7,812.00 (4,635.12) 48,728.99 81,714.00 (32,985.01) 81,715.00 32,986.01 40.4% 6311880 Wages -Hourly 63,647.73 63,455.00 192.73 700,473.33 619,626.00 80,847.33 619,626.00 (80,847.33) -13.0% 6311882 Wages -Overtime 3,012.58 - 3,012.58 32,044.77 18,500.00 13,544.77 18,500.00 (13,544.77) -73.2% Total -CM -SALARIES & BENEFITS 92,489.05 101,703.00 (9,213.95) 1,072,629.62 1,070,139.00 2,490.62 1,070,160.00 (2,469.62) -0.2% 63 -CM -SUPPLIES & MATERIALS 6313734 Chemicals 12,724.35 6,508.00 6,216.35 59,199.21 50,060.00 9,139.21 50,060.00 (9,139.21) -18.3% 6313744 Fertilizer 8,428.13 13,500.00 (5,071.87) 107,121.78 110,340.00 (3,218.22) 110,340.00 3,218.22 2.9% 6313745 Herbicides - - - - - - - - 0.0% 6313746 Flowers/Plants - - - 12,111.59 3,050.00 9,061.59 3,050.00 (9,061.59) -297.1% 6313748 Fuel -Gasoline 6,974.48 4,250.00 2,724.48 78,633.58 53,800.00 24,833.58 53,800.00 (24,833.58) -46.2% 6313750 Golf Course Accessories - - - 12,301.40 13,140.00 (838.60) 13,140.00 838.60 6.4% 6313756 POA Control - - - - 9,900.00 (9,900.00) 9,900.00 9,900.00 100.0% 6313758 Miscellaneous Supp 877.52 100.00 777.52 11,075.98 4,350.00 6,725.98 4,350.00 (6,725.98) -154.6% 6313762 Supplies -Office - - - 6,232.18 - 6,232.18 - (6,232.18) 0.0% 6313774 Sand 9,361.44 100.00 9,261.44 37,386.70 13,460.00 23,926.70 13,460.00 (23,926.70) -177.8% 6313776 Seed - - - 186,799.35 325,000.00 (138,200.65) 325,000.00 138,200.65 42.5% 6313778 Small Tools & Non -Capital Equip 136.23 100.00 36.23 3,689.64 5,000.00 (1,310.36) 5,000.00 1,310.36 26.2% 6313780 Sod 1,000.51 3,450.00 (2,449.49) 14,696.82 15,500.00 (803.18) 15,500.00 803.18 5.2% 6313782 Topdressing 957.21 1,500.00 (542.79) 9,408.32 10,000.00 (591.68) 10,000.00 591.68 5.9% Total -CM -SUPPLIES & MATERIALS 40,459.87 29,508.00 10,951.87 538,656.55 613,600.007(4,943.45) 613,600.00 74,943.45 12.2% 63 -CM -REPAIRS & MAINTENANCE 6315095 CM -R&M -Contract Lake Maint 4,100.00 3,850.00 250.00 58,098.00 30,800.00 27,298.00 30,800.00 (27,298.00) -88.6% 6315685 CM-R&M-Bldngs & Othr Structures 212.49 250.00 (37.51) 5,169.69 5,550.00 (380.31) 5,550.00 380.31 6.9% 6315690 CM -R&M -Equipment 4,754.66 2,500.00 2,254.66 66,713.79 38,500.00 28,213.79 38,500.00 (28,213.79) -73.3% 6315692 CM -R&M -Irrigation System 4,500.60 1,000.00 3,500.60 33,732.07 19,050.00 14,682.07 19,050.00 (14,682.07) -77.1% 6315696 CM -R&M -Pumps 1,193.46 - 1,193.46 7,916.83 10,500.00 (2,583.17) 10,500.00 2,583.17 24.6% 6315815 CM -R&M -Trees -Pruning Etc - - - 16,890.00 14,050.00 2,840.00 14,050.00 (2,840.00) -20.2% Total -CM -REPAIRS & MAINTENANCE 14,761.21 7,600.00 7,161.21 188,520.38 118,450.00 70,070.38 118,450.00 (70,070.38) -59.2% 6317836 Utilities -Natural Gas/LPG - 15.00 (15.00) 303.29 180.00 123.29 180.00 (123.29) 0.0% 6317840 Telephones 1,178.95 850.00 328.95 14,552.08 10,200.00 4,352.08 10,200.00 (4,352.08) -42.7% Total -CM -UTILITIES 1,178.95 865.00 313.95 14,855.37 10,380.00 4,475.37 10,380.00 14,475.37) -43.1% 63 -CM -OTHER EXPENSES 6319020 Auto Mileage/Allowance 400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0% 6319100 Contract Svcs-Soil/Tissue Test - - - 3,592.66 2,000.00 1,592.66 2,000.00 (1,592.66) -79.6% 6319102 Contract Svcs -Trash Removal - 524.00 (524.00) 1,759.53 6,288.00 (4,528.47) 6,288.00 4,528.47 72.0% 6319150 Dues & Subscriptions 493.83 100.00 393.83 3,283.33 680.00 2,603.33 680.00 (2,603.33) -382.8% 6319170 Employee Education - 50.00 (50.00) 325.00 3,900.00 (3,575.00) 3,900.00 3,575.00 91.7% 6319197 Equipment Rental - 100.00 (100.00) 1,901.81 3,400.00 (1,498.19) 3,400.00 1,498.19 44.1% 6319206 Licenses & Permits - - - 4,000.91 4,300.00 (299.09) 4,300.00 299.09 7.0% 6319490 Miscellaneous - 100.00 (100.00) 656.12 1,200.00 (543.88) 1,200.00 543.88 45.3% 6319718 Safety Equipment & Training - 100.00 (100.00) 3,663.92 3,850.00 (186.08) 3,850.00 186.08 4.8% 6319822 Uniforms - 920.00 (920.00) 969.02 11,040.001(0,070.98) 11,040.00 10,070.98 91.2% Total -CM -OTHER EXPENSES 893.83 2,294.00 (1,400.17) 24,952.30 41,458.0016 505.70) 41,458.00 16,505.70 39.81% 3 SilverRock Resort Course Maintenance Expense Statement June 2023 Silverrock Resort Course Maintenance Water & Energy June 2023 Month to Date Year to Date Annual Budget June 2023 Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 633 -CM -WATER & ENERGY 20,754.73 11,754.08 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 632 -CM -LANDSCAPE MAINTENANCE 23,539.00 8,969.81 320,116.74 260,294.00 59,822.74 260,294.00 (59,822.74) 632 -CM -LM -SALARIES & BENEFITS 6321320 Insurance -Group 2,254.80 2,478.00 (223.20) 21,586.91 25,193.00 (3,606.09) 25,193.00 3,606.09 14.3% 6321325 Insurance -Workers Comp 545.00 581.00 (36.00) 7,603.64 7,147.00 456.64 7,147.00 (456.64) -6.4% 6321800 Taxes -Employer Payroll 930.06 1,258.00 (327.94) 13,296.43 15,593.00 (2,296.57) 15,595.00 2,298.57 14.7% 6321880 Wages -Hourly 14,760.00 12,904.00 1,856.00 165,096.00 156,528.00 8,568.00 156,528.00 (8,568.00) -5.5% 6321882 Wages -Overtime 1,125.00 - 1,125.00 10,790.52 3,418.00 7,372.52 3,418.00 (7,372.52) -215.7% Total -CM -LM -SALARIES & BENEFITS 19,614.86 17,221.00 2,393.86 218,373.50 207,879.00 10,494.50 207,881.00 (10,492.50) -5.0% 632 -CM -LM -SUPPLIES & MATERIALS 6323778 Small Tools - 75.00 (75.00) 1,451.92 1,025.00 426.92 1,025.00 (426.92) -41.7% 6323788 Uniforms - 290.00 (290.00) - 3,480.00 (3,480.00) 3,480.00 3,480.00 100.0% Total -CM -LM -SUPPLIES & MATERIALS- 365.00 (365.00) 1,451.92 4,505.00 (3,053.08) 4,505.00 3,053.08 67.8% 632 -CM -LM -REPAIRS & MAINTENANCE 6325687 CM -LM -R&M -Drip Irrigation - 500.00 (500.00) 3,872.00 4,250.00 (378.00) 4,250.00 378.00 8.9% Total-CM--LM-REPAIRS & MAINTENANCE - 500.00 (500.00) 3,872.00 4,250.00 (378.00) 4,250.00 378.00 8.9% Total -COURSE MAINTENANCE 169,397.77 160,056.00 9,341.77 2,063,311.64 2,070,661.00 (7,349.36) 2,070,684.00 7,372.36 0.4% 4 Silverrock Resort Course Maintenance Water & Energy June 2023 Month to Date Year to Date Annual Budget June 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 633 -CM -WATER & ENERGY 20,754.73 11,754.08 14,100.00 9,439.00 6,654.73 2,315.08 222,318.70 97,798.04 144,810.00 115,484.00 77,508.70 (17,685.96) 144,810.00 (77,508.70) 115,484.00 17,685.96 -53.5% 15.3% -23.0% 6337834 Utilities -Electricity -Pumping 6337842 Utilities -Water Total -CM -WATER & ENERGY 32,508.81 23,539.00 8,969.81 320,116.74 260,294.00 59,822.74 260,294.00 (59,822.74) 4 SilverRock Resort Outside Services Expense Statement June 2023 Month to Date Year to Date Annual Budget June2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense _ 641 -CBR -SALARIES & BENEFITS 6411320 Insurance -Group 715.37 826.00 (110.63) 6,181.17 9,912.00 (3,730.83) 9,912.00 3,730.83 37.6% 6411325 Insurance -Workers Comp 950.00 990.00 (40.00) 17,631.82 19,273.00 (1,641.18) 19,271.00 1,639.18 8.5% 6411800 Taxes -Employer Payroll 1,787.72 1,650.00 137.72 27,854.44 32,121.00 (4,266.56) 32,119.00 4,264.56 13.3% 6411880 Wages -Hourly 18,392.91 13,250.00 5,142.91 240,270.71 257,980.00 (17,709.29) 257,980.00 17,709.29 6.9% 6411882 Wages -Overtime 860.05 - 860.05 16,023.83 - 16,023.83 - (16,023.83) 0.0% Total -CBR -SALARIES & BENEFITS 22,706.05 16,716.00 5,990.05 307,961.97 319,286.00 (11,324.03) 319,282.00 11,320.03 3.5% 641 -CBR -SUPPLIES & MATERIALS 6413732 Supplies -Carts - 50.00 (50.00) 1,008.75 1,850.00 (841.25) 1,850.00 ' 0.0% 6413742 Supplies -Expendable 574.97 500.00 74.97 6,129.42 6,750.00 (620.58) 6,750.00 620.58 9.2% 6413748 Supplies -Fuel for Shuttle - - - - - - - - 0.0% 6413752 Supplies -Range Balls - - - 12,723.75 10,000.00 2,723.75 10,000.00 (2,723.75) -27.2% 6413762 Supplies -Office - 50.00 (50.00) - 525.00 (525.00) 525.00 525.00 100.0% 6413768 Supplies -Printing and Stationary - 70.00 (70.00) - 420.00 (420.00) 420.00 420.00 100.0% 6413786 Supplies -Towels 400.00 72.00 328.00 5,086.83 2,182.00 2,904.83 2,182.00 (2,904.83) -133.1% 6413796 Supplies -Bottled Water - 2,500.00 (2,500.00) 30,577.36 30,000.00 577.36 30,000.00 (577.36) -1.9% Total -CBR -SUPPLIES & MATERIALS 974.97 3,242.00 (2,267.03) 55,526.11 51,727.00 3,799.11 51,727.00 (4,640.36) -9.0% 641 -CBR -REPAIRS & MAINTENANCE 6415690 CBR -R&M -Equipment 4,399.39 300.00 4,099.39 21,381.63 3,600.00 17,781.63 3,600.00 (17,781.63) -493.9% 6415695 CBR -R&M -Cart Maintenance & Repair 2,416.00 1,503.00 913.00 21,996.38 18,036.00 3,960.38 18,036.00 (3,960.38) -22.0% Total -CBR -REPAIRS & MAINTENANCE 6,815.39 1,803.00 5,012.39 43,378.01 21,636.00 21,742.01 21,636.00 (21,742.01) -100.5% 641 -CBR -OTHER EXPENSES 6419094 Contract Services-Laundry/Linen 2,289.84 800.00 1,489.84 21,249.60 9,600.00 11,649.60 9,600.00 (11,649.60) -121.4% 6419220 Freight/Delivery - - - - 450.00 (450.00) 450.00 450.00 100.0% 6419490 Miscellaneous 1,053.14 600.00 453.14 5,319.84 7,200.00 (1,880.16) 7,200.00 1,880.16 26.1% 6419820 Uniforms 123.43 200.00 (76.57) 7,678.10 5,200.00 2,478.10 5,200.00 (2,478.10) -47.7% Total -CBR -OTHER EXPENSES 3,466.41 1,600.00 1,866.41 34,247.54 22,450.00 11,797.54 22,450.00 (11,797.54) -52.6% TOTAL-CARTSBAGROOM& RANGE 33,962.82 23,361.00 1,866.41 441,113.63 415,099.00 26,014.63 415,095.002(6,859.88) -6.5% 643 -CS -SALARIES & BENEFITS 6431320 Insurance -Group - - - - - - - - 0.0% 6431325 Insurance -Workers Comp 390.00 394.00 (4.00) 6,405.33 7,043.00 (637.67) 7,042.00 636.67 9.0% 6431800 Taxes -Employer Payroll 473.75 514.00 (40.25) 11,467.13 9,193.00 2,274.13 9,192.00 (2,275.13) -24.8% 6431880 Wages -Hourly 5,526.71 5,270.00 256.71 92,144.15 94,276.50 (2,132.35) 94,275.00 2,130.85 2.3% 6431882 Wages -Overtime - - - - - - - - 0.0% Total -CS -SALARIES & BENEFITS 6,390.46 6,178.00 212.46 110,016.61 110,512.50 (495.89) 110,509.00 492.39 0.4% 643 -CS -OTHER EXPENSES 6433742 Supplies Expendable - 75.00 (75.00) 41.10 1,050.00 (1,008.90) 1,050.00 1,008.90 96.1% 6439490 Miscellaneous - - - 250.03 200.00 50.03 200.00 (50.03) -25.0% 6439718 Safety Equipment & Training - 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0% 6439820 Uniforms - 75.00 (75.00) 2,976.18 2,125.00 851.18 2,125.00 (851.18) -40.1% Total -CS -OTHER EXPENSES - 200.00 (200.00) 3,267.31 3,975.00 (707.69) 3,975.00 707.69 17.8% Total -COURSE SERVICES 6,390.46 6,378.00 12.46 113,283.92 114,487.50 (1,203.58) 114,484.00 1,200.08 1.0% TOTAL OUTSIDE SERVICES 40,353.28 29,739.00 1,878.87 554,397.55 529,586.50 24,811.05 529,579.00 (26,367.49) -5.0% 5 6 SilverRock Resort Clubhouse Expense Statement June 2023 Month to Date Year to Date Annual Budget June 2023 Final Budget Variance Final Budget Variance Budget Unemcumb. %Budget Expense _Annual 65 -CH -SUPPLIES & MATERIALS 6503742 Supplies -Expendable 400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0% Total -CH -SUPPLIES & MATER/ALS 400.00 400.00 - 4,800.00 4,800.00 - 4,800.00 - 0.0% 65 -CH -UTILITIES 6507836 Utilities -Natural Gas 678.77 1,180.00 (501.23) 12,791.16 12,180.00 611.16 12,180.00 (611.16) -5.0% 6507840 Utilities -Telephone 2,609.14 1,150.00 1,459.14 18,816.82 13,800.00 5,016.82 13,800.00 (5,016.82) -36.4% 6507842 Utilities -Water 526.84 321.00 205.84 6,665.51 3,852.00 2,813.51 3,852.00 (2,813.51) -73.0% 6507844 Utilities -Cable 82.99 380.00 (297.01) 4,404.70 4,560.00 (155.30) 4,560.00 155.30 3.4% Total -CH -UTILITIES 3,897.74 3,031.00 866.74 42,678.19 34,392.00 8,286.19 34,392.00 (8,286.19) -24.1% 65 -CH -OTHER EXPENSES 6509091 Contract Services -Cleaning 3,117.01 400.00 2,717.01 36,787.07 4,800.00 31,987.07 4,800.00 (31,987.07) -666.4% 6509099 Contract Services -Security 6,849.80 5,000.00 1,849.80 76,447.08 60,000.00 16,447.08 60,000.00 (16,447.08) -27.4% 6509215 Flowers & Decorations - 400.00 (400.00) - 1,900.00 (1,900.00) 1,900.00 1,900.00 100.0% 6509718 Safety Equipment & Training - 100.00 (100.00) - 1,200.00 (1,200.00) 1,200.00 1,200.00 100.0% Total -CH -OTHER EXPENSES 9,966.81 5,900.00 4,066.81 113,234.15 67,900.00 45,334.15 67,900.00 (45,334.15) -66.8% 65 -CH -REPAIRS & MAINTENANCE 6515685 CH -R&M -Building Structures 397.13 300.00 97.13 5,971.63 3,600.00 2,371.63 3,600.00 (2,371.63) -65.9% 6515686 CH -R&M -Restaurant Repairs - 700.00 (700.00) 2,307.24 8,400.00 (6,092.76) 8,400.00 6,092.76 72.5% 6515690 CH -R&M -Equipment Repair - 700.00 (700.00) 1,075.82 8,400.00 (7,324.18) 8,400.00 7,324.18 87.2% Total -CH -REPAIRS & MAINTENANCE 397.13 1,700.00 (1,302.87) 9,354.69 20,400.00 (11,045.31) 20,400.00 11,045.31 54.1% Total CLUBHOUSE 14,661.68 11,031.00 3,630.68 170,067.03 127,492.00 42,575.03 127,492.00 22,090.62 17.3% 6 7 SilverRock Resort Marketing Expense Statement June 2023 Month to Date Year to Date Annual Budget June 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense 66 -MKT -SALARIES & BENEFITS 6601320 Insurance -Group 400.00 413.00 (13.00) 2,744.80 2,891.00 (146.20) 2,891.00 146.20 5.1% 6601325 Insurance -Workers Comp 90.00 93.00 (3.00) 1,859.47 1,116.00 743.47 1,121.00 (738.47) -65.9% 6601720 Salaries 1,250.00 1,250.00 - 16,250.00 15,000.00 1,250.00 15,000.00 (1,250.00) -8.3% 6601800 Tax -Employer Payroll 122.00 122.00- 1,586.00 1,464.00 122.00 1,463.00 1123.00) -8.4% Total -MKT -SALARIES & BENEFITS 1,862.00 1,878.00 (16.00) 22,440.27 20,471.00 1,969.27 20,475.00 11,965.27) -9.6% 66 -MKT -SUPPLIES & MATERIALS 6603762 Supplies -Office- 100.00 (100.00) 329.05 1,200.00 (870.95) 1,200.00 870.95 72.6% 6603768 Supplies -Printing & Stationery 103.57 125.00 (21.43) 4,915.20 4,425.00 490.20 4,425.00 (490.20) -11.1% Total -MKT -SUPPLIES & MARKETING 103.57 225.00 (121.43) 5,244.25 5,625.00 (380.75) 5,625.00 380.75 6.8% 66 -MKT -UTILITIES 6607840 Utilities -Telephone 205.12 100.00 105.12 3,934.54 1,200.00 2,734.54 1,200.00 (2,734.54) -227.9% Total -MKT -UTILITIES 205.12 100.00 105.12 3,934.54 1,200.00 2,734.54 1,200.00 (2,734.54) -227.9% 66 -MKT -OTHER EXPENSES 6609010 Advertising 15,612.00 7,101.00 8,511.00 124,220.04 151,133.00 (26,912.96) 151,133.00 26,912.96 17.8% 6609040 Business Meals - 25.00 (25.00) - 300.00 (300.00) 300.00 300.00 100.0% 6609080 Collateral Material - 1,000.00 (1,000.00) 16,309.40 5,500.00 10,809.40 5,500.00 (10,809.40) -196.5% 6609102 Contract Services -Web Page - 150.00 (150.00) 695.00 1,800.00 (1,105.00) 1,800.00 1,105.00 61.4% 6609490 Miscellaneous- - - 47.84 350.00 (302.16) 350.00 302.16 86.3% 6609620 Postage- 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0% 6609630 Promotion- - - 69.36 1,000.00 (930.64) 700.00 630.64 90.1% 6609633 Promotion-Cummunity- 75.00 (75.00) 15.79 2,250.00 (2,234.21) 2,250.00 2,234.21 99.3% 6609634 Promotion-Media/Vendor- 50.00 (50.00) - 700.00 (700.00) 1,000.00 1,000.00 100.0% 6609150 Dues & Subscriptions- - - 183.99 735.00 (551.01) 735.00 551.01 75.0% 6609820 Uniforms- - - 138.39 600.00 (461.61) 600.00 461.61 76.9% Total -MKT -OTHER EXPENSES 15,612.00 8,451.00 7,161.00 141,679.81 164,968.00 (23,288.19) 164,968.00 23,288.19 14.1 % TOTAL MARKETING 17,782.69 10,654.00 7,128.69 173,298.87 192,264.00 (18,965.13) 192,268.00 18,969.13 9.9% 7 SilverRock Resort General and Administrative Expense Statement June 2023 Month to Date Year to Date 1 Annual Budget June 2023 Final Budget Variance Final Budget Variance Annual BudgE Unemcumb. %Budget Expense 1 67 -G&A -SALARIES & BENEFITS 6701320 Insurance -Group 4,678.81 3,143.00 1,535.81 38,406.25 37,716.00 690.25 37,716.00 (690.25) -1.8% 6701325 Insurance -Workers Comp 1,700.00 1,748.00 (48.00) 18,191.83 21,077.00 (2,885.17) 21,077.00 2,885.17 13.7% 6701720 Salaries 21,596.80 20,000.00 1,596.80 230,686.00 240,000.00 (9,314.00) 240,000.00 9,314.00 3.9% 6701800 Taxes -Employer Payroll 1,898.17 2,281.00 (382.83) 23,627.94 27,510.00 (3,882.06) 27,510.00 3,882.06 14.1% 6701880 Wages -Hourly 2,284.19 3,400.00 (1,115.81) 54,779.75 42,155.00 12,624.75 42,156.00 (12,623.75) -29.9% 6701882 Wages -Overtime 16.71 - - 181.87 - 181.87 181.87 - Total -G&A -SALARIES & BENEFITS 32,174.68 30,572.00 1,585.97 365,873.64 368,458.002(584.36) 368,640.87 2,767.23 0.8% 67 -G&A -SUPPLIES & MATERIALS 6703740 Supplies -Computer 178.33 800.00 (621.67) 3,058.84 6,300.00 (3,241.16) 6,300.00 3,241.16 51.4% 6703762 Supplies -Office - 105.00 (105.00) 1,873.23 1,260.00 613.23 1,260.00 (613.23) -48.7% 6703768 Supplies -Printing & Stationery 31.94 400.00 (368.06) 1,770.22 3,300.00 1,529.78) 3,300.00 1,529.78 46.4% Total -G&A -SUPPLIES & MATERIALS 210.27 1,305.001(094.73) 6,702.29 10,860.00 (4,157.71) 10,860.00 4,157.71 38.3% 67 -G&A -REPAIRS & MAINTENANCE 6705690 Repairs & Maintenance -Equipment - 100.00 (100.00) - 1,900.001(900.00) 1,900.00 1,900.00 100.0% Total -G&A -REPAIRS & MAINTENANCE - 100.00 (100.00) - 1,900.001(900.00) 1,900.00 1,900.00 100.0% 67 -G&A -OTHER EXPENSES 6709020 Auto/Mileage Allowance 500.00 500.00 - 6,000.00 6,000.00 - 6,000.00 - 0.0% 6709090 Contract Services - - -- - - - 0.0% 6709150 Dues & Subscriptions - 600.00 (600.00) 497.42 1,550.00 (1,052.58) 1,550.00 1,052.58 67.9% 6709180 Employee RecruitinglRelocation -- - 2,131.13 1,200.00 931.13 1,200.00 (931.13) -77.6% 6709197 Equipment Rental 1,003.27 550.00 453.27 9,431.17 6,600.00 2,831.17 6,600.00 (2,831.17) -42.9% 6709202 Fees -Bank 45.44 90.00 (44.56) 498.07 1,080.00 (581.93) 1,080.00 581.93 53.9% 6709208 Fees -Payroll Processing 1,370.48 1,000.00 370.48 16,072.55 12,000.00 4,072.55 12,000.00 (4,072.55) -33.9% 6709220 Freight/Delivery - 50.00 (50.00) - 600.00 (600.00) 600.00 600.00 100.0% 6709490 Miscellaneous 500.00 100.00 400.00 1,042.31 6,000.00 (4,957.69) 6,000.00 4,957.69 82.6% 6709620 Postage/Mail Services - 75.00 (75.00) 1,392.41 900.00 492.41 900.00 (492.41) -54.7% 6709625 Professional Fees 3,150.50 1,500.00 1,650.50 23,201.97 28,000.00 (4,798.03) 28,000.00 4,798.03 17.1% 6709636 Promotion/Entertainment - 100.00 (100.00) 762.60 1,200.00 (437.40) 1,200.00 437.40 36.5% 6709722 Seminars & Training 250.00 200.00 50.00 2,316.27 3,400.00 (1,083.73) 3,400.00 1,083.73 31.9% 6709810 Travel - 200.00 (200.00) - 1,100.00 (1,100.00) 1,100.00 1,100.00 100.0% 6709820 Uniforms - 75.00 (75.00) 658.90 1,050.00 (391.10) 1,050.00 391.10 37.2% Total -G&A -OTHER EXPENSES 6,819.69 5,040.00 1,779.69 64,004.80 70,680.00 6,675.20) 70,680.00 6,675.20 9.4% Total -GENERAL & ADMINISTRATIVE 39.204.64 37.017.00 2.187.64 436,580.73 451,898.00 (15,317.27) 452.080.87 15.500.14 3.4% 8 9 Silverrock Resort Operating Leases & Miscellaneous Other Expense Statement June 2023 Month to Date Year to Date Annual Budget June 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense 68-LEASES 6800192 Equipment Leases-Carts 10,465.09 12,000.00 (1,534.91) 127,313.43 144,000.00 (16,686.57) 144,000.00 16,686.57 11.6% 6800193 Equipment Leases-Maintenance 18,310.28 15,900.00 2,410.28 227,585.45 190,800.00 36,785.45 190,800.00 (36,785.45) -19.3% 6800196 Equipment Leases-GPS 2,871.00 2,900.00 (29.00) 31,911.00 34,800.00 (2,889.00) 34,800.00 2,889.00 8.3% 6800197 Equipment Leases-Others 807.66 1,950.00 (1,142.34) 12,209.49 20,200.00 (7,990.51) 20,200.00 7,990.51 0.0% Total-LEASES 32,454.03 32,750.00 (295.97) 399,019.37 389,800.00 9,219.37 389,800.00 (9,219.37) -2.4% 69-MISC OTHER EXPENSES 6900096 Contract Srvcs•Management Fee 10,374.00 10,374.00 - 124,488.00 124,488.00 - 124,488.00 - 0.0% 6900800 Personal Property Taxes - 11,800.00 (11,800.00) 9,069.94 23,600.00 (14,530.06) 11,800.00 2,730.06 23.1% 6900323 Insurance-Commercial 13,326.37 5,917.00 7,409.37 113,803.20 71,004.00 42,799.20 71,004.00 (42,799.20) -60.3% 6900210 FF&E Reserve 3,119.82 2,772.00 347.82 81,976.37 74,907.00 7,069.37 74,907.00 (7,069.37) -9.4% Total--M/SC OTHER EXPENSES 26,820.19 30,863.00 (4,042.81) 329,337.51 293,999.00 35,338.51 282,199.00 (47,138.51) -16.7% 9 SilverRock Resort -Arnold Palmer Classic Course Comp Golf Report -2022-2023 Comp Category Media Sales Promotion Golf Industry VIP Celebrity PGA Comp 15 Charity/Gift Certificate Rain/Wind Checks 5 Club Staff 2 LQ HS Golf 42 2022 2022 2022 2022 2022 2022 July August September October November December Comp Category closed closed closed closed closed closed 8 7 closed closed 2 4 closed 36 40 closed closed 3 8 17 14 4 5 27 64 46 51 0 28 50 2023 2023 2023 2023 2023 2023 January February March April May June Media Sales Promotion Golf Industry VIP Celebrity PGA Comp 15 Charity/Gift Certificate 8 Rain/Wind Checks 13 Club Staff 29 LQ HS Golf 7 15 16 4 4 16 15 24 4 14 6 24 19 58 91 85 8 32 32 2 65 46 55 109 157 109 10