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06 December 2023 SilverRock Resort - Monthly Financial Statement
S1LVERROCK® RESORT Monthly Financial Statements July 01, 2023 - December 31, 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 Ft Administrative Expense Statement 8 Operating Leases Et Miscellaneous Expense Statement 9 Complimentary Report 10 SilverRock Resort Summary Operating Income Statement December 2023 Month to Date Year to Date Annual Budget G/L # Series Account Description December 2023 Final Budget Variance Percentage Difference Final Budget Variance Annual Budget Unemcumb. Bdgt Income 400000 Golf Green Fee Revenue 445,763.00 444,635.00 1,128.00 0.3% 1,340,397.00 1,344,734.00 (4,337.00) 4,110,847.00 2,770,450.00 33% 401000 Miscellaneous Golf Revenue 20,031.00 18,500.00 1,531.00 8.3% 62,519.00 47,850.00 14,669.00 156,180.00 93,661.00 40% 410000 Revenue-Golf Shop 22,899.79 27,660.00 (4,760.21) -17.2% 77,908.34 76,700.00 1,208.34 245,623.00 167,714.66 32% 420000 Food & Beverage Revenue 73,494.55 77,679.00 (4,184.45) -5,4% 151,985.79 226,252.00 (74,266.21) 710,099.00 558,113.21 21% Total Income 562,188.34 568,474.00 (6,285.66) -1.11% 1,632,810.13 1,695,536.00 (62,725.87) 5,222,749.00 3,589,938.87 31% Cost of Goods Sold 510000 COS-Golf Shop 11,764.54 15,482.00 (3,717.46) 24.0% 42,428.95 42,931.00 502.05 137,475.00 95,046.05 31% 520000 COS-Food & Beverage 27,304.00 23,984.00 3,320.00 13.8% 75,095.93 73,677.00 (1,418.93) 218,834.00 143,738.07 34% Total COS 39,068.54 39,466.00 (397.46) 1.0% 117,524.88 116,608.00 (916.88) 356,309.00 238,784.12 33% Gross Profit 523,119.80 529,008.00 (5,888.20) 1.1% 1,515,285.25 1,578,928.00 (63,642.75) 4,866,440.00 3,351,154.75 31% Expenses 610000 Golf Pro Shop 24,044.98 24,984.00 (939.02) 3.8% 109,359.03 108,992.00 367.03 259,447.00 150,087.97 42% 630000 Course Maintenance 175,682.09 153,971.00 21,711.09 -14.1% 1,169,593.68 1,120,510.00 49,083.68 2,005,608.00 836,014.32 58% 633000 Maintenance Water & Energy 18,924.63 19,515.00 (590.37) 3.0% 177,324.09 145,145.00 32,179.09 282,424.00 105,099.91 63% 640000 Outside Services 51,242.27 63,292.00 (12,049.73) 19.0% 227,823.78 231,713.00 (3,889.22) 542,757.00 314,933.22 42% 650000 Clubhouse 13,787.92 15,301.00 (1,513.08) 9.9% 91,877.89 92,306.00 (428.11) 185,512.00 93,634.11 50% 660000 Marketing 7,883.78 18,252.00 (10,368.22) 56.8% 69,853.28 74,492.00 (4,638.72) 170,814.00 100,960.72 41% 670000 General & Administrative 42,518.52 42,882.00 (363.48) 0.8% 245,397.40 242,012.00 3,385.40 472,307.00 226,909.60 52% 680000 Leases 32,442.66 36,850.00 (4,407.34) 12.0% 194,751.01 204,244.00 (9,492.99) 425,344.00 230,592.99 46% 690000 Miscellaneous Other Expense 33,263.26 28,702.00 4,561.26 15.9% 149,758.65 157,549.00 (7,790.35) 343,521.00 193,762.35 44% 620000 Food & Beverage Expenses 50,730.97 55,003.00 (4,272.03) 7.8% 167,319.62 205,269.00 (37,949.38) 491,697.00 324,377.38 44% Total Expenses 450,521.08 458,752.00 (8,230.92) 1.8% 2,603,058.43 2,582,232.00 20,826.43) 5,179,431.00' 2,251,995.19 50% Net Income 72,598.72 70,256.00 2,342.72 -0.4% (1,087,773.18) (1,003,304.00) (84,469.18) (312,991.00) 1,099,159.56 400000 Rounds of Golf Played 1 ■ 1 1 1 Paid Rounds Played 4,777 4,610 167 3.6% 15,010 16,210 (1,200) 41,996 26,986 36% Ave $ Per Paid Round Green Fee 93.31 96.45 (3.14) -3.3% 89.30 82.96 6.34 97.89 8.59 91% Ave $ Per Paid Round Merchandise 4.79 6.00 (1.21) -20.1% 5.19 4.73 0.46 5.85 0.66 89% Ave $ Per Paid Miscellaneous 4.19 4.01 0.18 4.5% 4.17 2.95 1.21 3.72 (0.45) 112% SilverRock Resort Statement of Fees - Revenue December 2023 Month to Date Year to Date Annual Budget December Income 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget 4000000 Revenue -Fees 445,763.00 444,635.00 1,128.00 1,340,397.00 1,344,734.00 (4,337.00) 4,110,847.00 2,770,450.00 67.4% 4010000 Rider Fee 2,180.00 3,100.00 (920.00) 6,815.00 9,200.00 (2,385.00) 17,480.00 10,665.00 61.0% 4040000 Club Rental 4,950.00 3,900.00 1,050.00 18,000.00 10,400.00 7,600.00 29,800.00 11,800.00 39.6% 4050000 Driving Range 11,850.00 10,500.00 1,350.00 35,545.00 25,250.00 10,295.00 97,350.00 61,805.00 63.5% 4060000 Handicap Fees 551.00 - 551.00 1,159.00 - 1,159.00 1,550.00 391.00 25.2% 4090000 Ball Retriever/Subcontract - - - - 1,000.00 (1,000.00) 2,500.00 2,500.00 100.0% 4091000 Golf Professional Rental Fee 500.00 1,000.00 (500.00) 1,000.00 2,000.00 (1,000.00) 7,500.00 6,500.00 86.7% Total Miscellaneous Revenue 20,031.00 18,500.00 1,531.00 62,519.00 47,850.00 14,669.00 156,180.00 93,661.00 60.0% 465,794.00 463,135.00 2,659.00 1,402,916.00 1,392,584.00 10,332.00 4,267,027.00 2,864,111.00 67.1% Total Revenue Fees Total Income 1 465,794.00 463,135.00 2,659.00 1,402,916.00 1,392,584.00 10,332.00 4,267,027.00 2,864,111.00 67.1% SilverRock Resort Golf Shop Income Statement December 2023 Month to Date I Year to Date Annual Budget December Annual Income 2023 Final Budget Variance Final Budget Variance Budget Unemcumb. % Budget 4100000 Sales Miscellaneous _ - - - 3,781.40 - - 3,781.40 0 0 0% 4100110 Sales Hard Goods 8,723.54 20,745.00 (12,021.46) 31,821.02 57,525.00 (25,703.98) 61,406.00 29,584.98 48.2% 4100112 Sales -Soft Goods 14,176.25 6,915.00 7,261.25 49,307.47 19,175.00 30,132.47 184,217.00 134,909.53 73.2% 5100639 GS -Discounts -Mdse - - - (7,001.55) - (7,001.55) - 7,001.55 0.0% Total Revenue Golf Shop 22,899.79 27,660.00 (4,760.21), 77,908.34 76,700.00 8,209.89 245,623.00 164,494.51 67.0% COS 5100150 COS -GS -Hard Goods 4,455.55 4,011.00 444.55 16,386.26 11,123.00 5,263.26 35,615.00 19,228.74 54.0% 5100151 COS -GS -Soft Goods 7,198.38 12,032.00 (4,833.62) 25,568.71 33,366.00 (7,797.29) 106,846.00 81,277.29 76.1% 5100152 COS -GS -Purchase Disc (257.59) (802.00) 544.41 (1,276.92) (2,225.00) 948.08 (7,123.00) (5,846.08) 0.0% 5100220 COS -GS -Freight Merch 368.20 241.00 127.20 1,750.90 667.00 1,083.90 2,137.00 386.10 18.1% Cost of Sales - Golf Shop 11,764.54 15,482.00 (3,717.46) 42,428.95 42,931.00 (502.05) 137,475.00 95,046.05 69.1% Gross Profit 11,135.25 12,178.00 (1,042.75) 35,479.39 33,769.00 8,711.94 108,148.00 69,448.46 64.2% COS % 51.4% 56.0% 4.6% I 54.5% 56.0% 1.5% 53.1% 57.8% 108.9% Expense 61 -PS -SALARIES & BENEFITS 6101320 Insurance Group 201.91 774.00 (572.09) 2,865.00 4,644.00 (1,779.00) 9,288.00 6,423.00 69.2% 6101325 Insurance -Workers Comp 1,500.00 1,589.00 (89.00) 6,251.96 6,704.00 (452.04) 15,959.00 9,707.04 60.8% 6101720 Salaries 5,769.24 6,436.00 (666.76) 37,500.06 38,616.00 (1,115.94) 77,250.00 39,749.94 51.5% 6101800 Taxes -Employer Payroll 1,783.20 1,904.00 (120.80) 7,411.47 8,037.00 (625.53) 19,129.00 11,717.53 61.3% 6101880 Wages -Hourly 13,733.04 13,096.00 637.04 51,000.71 43,806.00 7,194.71 118,952.00 67,951.29 57.1% 6101882 Wages -Overtime 120.33 120.33 i 554.76 554.76 I - (554.76) 0.0% Total -PS-SALARIES & BENEFITS 23,107.72 23,799.00 (691.28) 105,583.96 101,807.00 3,776.96 240.578.00 134.994.04 56.1% 61 -PS OTHER EXPENSES 6103762 Supplies -Office 147.22 250.00 (102.78) i 945.38 1,500.00 (554.62) 3,000.00 2,054.62 68.5% 6109150 Dues and Subscriptions _ _ _ - - - 2,300.00 2,300.00 100.0% 6109220 Freight & Delivery - 25.00 (25.00) - 75.00 (75.00) 75.00 75.00 100.0% 6109490 Miscellaneous 459.66 500.00 (40.34) 499.79 3,000.00 (2,500.21) 6,000.00 5,500.21 91.7% 6109722 Seminars/Training - 100.00 (100.00) - 1,050.00 (1,050.00) 3,690.00 3,690.00 100.0% 6109810 Travel - Merchandise - - - - - - 90.00 90.00 100.0% 6109820 Uniforms 235.21 200.00 35.21 1,690.85 900.00 790.85 2,400.00 709.15 29.5% 6117840 Telephones 95.17 110.00 (14.83) 639.05 660.00 (20.95) 1,320.00 680.95 51.6% Total - Other Expenses 937.26 1,185.00 (247.74) 3,775.07 7,185.00 (3,409.93) 18,875.00 15,099.93 80.0% Total Expenses -Golf Shop 24,044.98 24,984.00 (939.02) 109,359.03 108,992.00 367.03 259,453.00 150,093.97 57.9% Net Income (12,909.73) (12,806.00) (103.73) (73,879.64) (75,223.00) 8.344.91 (151,305.00) (80,645.51) 53.3% SilverRock Resort Course Maintenance Expense Statement December 2023 IMonth to Date 1 Year to Date I Annual Budget December 2023 Final Budget Variance I Final Budget Variance Annual Budget Unemeumb. %Budget Expense I 63-CM-SALARIES & BENEFITS 6311320 Insurance-Group 7,351.24 9,696.00 (2,344.76) 43,325.69 49,662.00 (6,336.31) 107,838.00 64,512.31 59.8% 6311325 Insur000e-Workers Comp 3,690.00 3,697.00 (7.00) 19,222.06 20,673.00 (1,450.94) 42,860.00 23,637.94 55.2% 6311720 Salaries 14,884.15 16,713.00 (1,828.85) 95,686.74 100,278.00 (4,591.26) 200,000.00 104,313.26 52.2% 6311800 T00e0-Employer Payroll 4,766.35 7,357.00 (2,590.65) 28,103.06 41,896.00 (13,792.94) 86,375.00 58,271.94 67.5% 6311880 Wages-Hourly 44,355.57 58,741.00 (14,385.43) 282,131.34 306,080.00 (23,948.66) 652,304.00 370,172.66 56.7% 6311882 Wages-Overtime 2,745.20 2,745.20 25130.09 23,344.00 1,786.09 33,620.00 8,489.91 25.3% Total-CM-SALARIES & BENEFITS 77,792.51 96,204.00 (18,411.49) 493,598.98 541,933.00 (48,334.02) 1,122,997.00 629.398.02 56.0% 63-CM-SUPPLIES & MATERIALS 6313745 Chemicals 680.00 - 680.00 37,055.23 32,500.00 4,555.23 46,500.00 9,444.77 20.3% 6313744 Fertilizer 18,585.67 10,000.00 8,585.67 71,881.12 68,400.00 3,481.12 111,800.00 39,918.88 35.7% 6313746 Flowers/Plants - - 7,523.68 3,500.00 4,023.68 7,000.00 (523.68) -7.5% 6313748 Fuel-Gasoline 11,424.63 5,700.00 5,724.63 38,393.43 34,200.00 4,193.43 68,400.00 30,006.57 43.9% 6313750 Golf Course Accessories 1,273.32 - 1,273.32 7,671.07 14,000.00 (6,328.93) 16,000.00 8,328.93 52.1% 6313756 POA Control 10,000.00 (10,000.00) 9,290.64 10,000.00 (709.36) 20,000.00 10,709.36 53.5% 6313758 Miscellaneous Supp 535.29 500.00 35.29 3,793.29 3,750.00 43.29 5,950.00 2,156.71 36.2% 6313774 Pesticides - - - - - - - - 0.0% 6313776 Sand 7,976.77 5,000.00 2,976.77 47,238.82 13,500.00 33,738.82 13,500.00 (33,738.82) 6313778 Seed 886.32 - 886.32 140,870.52 190,500.00 (49,629.48) 190,500.00 49,629.48 26.1% 6313780 Small Tools & Non -Capital Equip 123.91 575.00 (451.09) 5,643.80 3,575.00 2,068.80 7,025.00 1,381.20 19.7% 6313782 Sod 6,653.59 11,000.00 (4,346.41) 15,500.00 8,846.41 57.1% 6313784 Topdressing1,919.62 6,000.00 (4,080.38) 19,000.00 17,080.38 89.9% TotaICM-SUPPLIES & MATERIALS 41,485.91 31,775.00 9,710.91 377,934.81 390,925.00 (12,990.19) 521.175.00 143.240.19 27.5% 63-CM-REPAIRS & MAINTENANCE 6315095 CM-R&M-Contract Lake Maint 4,100.00 5,143.00 (1,043.00) 25,000.00 30,858.00 (5,858.00) 61,716.00 36,716.00 59.5% 6315685 CM-R&M-Bldngs & Othr Structures 117.50 500.00 (382.50) 1,072.16 4,050.00 (2,977.84) 5,550.00 4,477.84 80.7% 6315690 CM-R&M-Equipment 3,312.10 2,000.00 1,312.10 34,993.54 24,500.00 10,493.54 38,500.00 3,506.46 9.1% 6315692 CM-R&M-Irrigation System 2,599.28 1,050.00 1,549.28 15,913.99 15,350.00 563.99 23,300.00 7,386.01 31.7% 6315696 CM-R&M-Pumps - 1,000.00 (1,000.00) 10,208.28 6,000.00 4,208.28 10,500.00 291.72 2.8% 6315815 CM-R&M-Trees-Pruning Etc• 17,630.00 6,050.00 11,580.00 14,050.00 (3,580.00) -25.5% Total-CM-Repair & Maintenance 10,128.88 9,693.00 435.88 104,817.97 86,808.00 18,009.97 153,616.00 48.798.03 31.8% 6317836 Utilities-Natural Gas/LPG 26.53 15.00 11.53 70.88 90.00 (19.12) 180.00 109.12 0.0% 6317840 Telephones 3,533.53 850.00 2,683.53 13,058.56 5,100.00 7,958.56 10.200.00 (2.858.561 -28.0% Total-CM-UTILITIE5 3,560.06 865.00 2,695.06 13,129.44 5,190.00 7,939.44 10.380.00 (2.749.44) -26.5% 63-CM-OTHER EXPENSES 6319020 Auto Mileage/Allowance 400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0% 6319100 Contract Svcs-Soil/Tissue Test - - - 1,500.00 (1,500.00) 4,500.00 4,500.00 100.0% 6319102 Contract Svcs-Trash Removal - 524.00 (524.00) - 3,144.00 (3,144.00) 6,288.00 6,288.00 100.0% 6319150 Dues & Subscriptions 655.00 655.00 2,212.93 - 2,212.93 680.00 (1,532.93) -225.4% 6319170 Employee Education - 50.00 (50.00) - 300.00 (300.00) 3,900.00 3,900.00 100.0% 6319197 Equipment Rental - 200.00 (200.00) - 2,300.00 (2,300.00) 3,400.00 3,400.00 100.0% 6319206 Licenses & Permits - 50.00 (50.00) - 400.00 (400.00) 4,300.00 4,300.00 100.0% 6319490 Miscellaneous 110.00 100.00 10.00 1,236.99 600.00 636.99 1,200.00 (36.99) -3.1% 6319718 Safety Equipment & Training - 400.00 (400.00) - 2,750.00 (2,750.00) 3,850.00 3,850.00 100.0% 6319822 Uniforms 870.77 1,210.00 (339.23) 4,543.68 7,260.00 (2,716.32) 14,520.00 9,976.32 68.7% Total-CM-OTHER EXPENSES 2,035.77 2,934.00 (898.23) 10,393.60 20,654.00 (10,260.40) 47,438.00 37,044.40 78.09% SilverRock Resort Course Maintenance Expense Statemen, December 2023 Silverrock Resort Course Maintenance Water 8 Energy December 2023 Month to Date Year to Date Annual Budget December 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 632 -CM -CONTRACT SERVICES 40,678.96 12,500.00 28,178.96 Variance 169,718.88 75,000.00 94,718.88 150,000.00 (19,718.88) -13.1% -13.1/ 41.71/4 6321880 Contract Labor Total Contract Service 40,678.96 12,500.00 28,178.96 110,444.33 66,879.76 169,718.88 75,000.00 94,718.88 150,000.00 (19 718,881 Total -COURSE MAINTENANCE 175,682.09 153.971.00 21.711.09 1 169 593.68 1 120 510.00 49.083.68 2 005 606.00 836.012.32 Silverrock Resort Course Maintenance Water 8 Energy December 2023 Month to Date Year to Date Annual Budget December 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 633 -CM -WATER & ENERGY 13,405.64 5,518.99 14,210.00 5,305.00 (804.36) 213.99 110,444.33 66,879.76 82,940.00 62,205.00 27,504.33 4,674.76 144,810.00 115,484.00 34,365.67 48,604.24 23.7% 42,1/ 31.9/ 6337834 Utilities -Electricity -Pumping 6337842 Utilities -Water Total -CM -WATER & ENERGY 18 924.63 19 515.00 (590.37) 177.324.09 145.145.00 32 179.09 260.294.00 82 969.91 SilverRock Resort Outside Services Expense Statement December 2023 Month to Date Year to Date Annual Budget December 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense •SALARIES & BENEFITS 6411320 Insurance -Group 469.28 774.00 (304.72) 3,214.28 4,644.00 (1,429.72) 9,288.00 6,073.72 65.4% 6411325 Insurance -Workers Comp 2,700.00 2,711.00 (11.00) 8,811.01 8,558.00 253.01 21,662.00 12,850.99 59.3% 6411800 Taxes -Employer Payroll 2,451.71 4,149.00 (1,697.29) 8,289.50 13,097.00 (4,807.50) 33,156.00 24,866.50 75.0% 6411880 Wages -Hourly 22,997.08 33,325.00 (10,327.92) 87,448.72 105,202.00 (17,753.28) 266,317.00 178,868.28 67.2% 6411882 Wages -Overtime 2,579.80 - 2,579.80 7,507.84 - 7,507.84 - (7.507.84) 0.0% Total -CBR -SALARIES & BENEFITS 31,197.87 40,959.00 (9,761.13) 115,271.35 131,501.00 (16,229.65) 330,423.00 215 151.65 65.1 % 641 -CBR -SUPPLIES & MATERIALS 6413732 Supplies -Carts 1,935.57 500.00 1,435.57 1,935.57 1,500.00 435.57 1,850.000.0% 6413742 Supplies -Expendable 144.86 150.00 (5.14) 2,692.52 3,450.00 (757.48) 6,750.00 4,057.48 60.1% 6413748 Supplies -Fuel for Shuttle 6413752 Supplies -Range Balls - - - 14,681.25 10,000.00 4,681.25 10,000.00 (4,681.25) -46.8% 6413762 Supplies -Office - 50.00 (50.00) - 225.00 (225.00) 525.00 525.00 100.0% 6413768 Supplies -Printing and Stationary - - - - - 420.00 420.00 100.0% 6413786 Supplies -Towels 320.00 195.00 125.00 1,756.34 860.00 896.34 2,182.00 425.66 19.5% 6413796 Supplies -Bottled Water 576.00 2,500.00 (1,924.00) 14,400.00 15,000.00 (600.00) 30.000.00 15,600.00 52.0% Total -CBR -SUPPLIES & MATERIALS 2,976.43 3,395.00 (418.57) 35,465.68 31,035.00 4,430.68 51 727.00 16 346.89 31.6% 641 -CBR -REPAIRS & MAINTENANCE 6415690 CBR -R&M -Equipment 591.56 300.00 291.56 15,405.27 1,800.00 13,605.27 3,600.00 (11,805.27) -327.9% 6415695 CBR -R&M -Cart Maintenance & Rep: 1,216.00 1,503.00 (287.00) 10,454.90 9,018.00 1,436.90 18,036.00 7.581.10 42.0% Total -CBR -REPAIRS & MAINTENANCE 1,807.56 1,803.00 4.56 25,860.17 10,818.00 15,042.17 21,636.00 (4,224.17) -19.5% 641 -CBR -OTHER EXPENSES 6419094 Contract Services-Laundry/Linen 424.52 800.00 (375.48) 3,051.57 4,800.00 (1,748.43) 9,600.00 6,548.43 68.2% 6419220 Freight/Delivery - 75.00 (75.00) - 450.00 (450.00) 450.00 450.00 100.0% 6419490 Miscellaneous - 600.00 (600.00) 1,601.13 3,600.00 (1,998.87) 7,200.00 5,598.87 77.8% 6419820 Uniforms 328.16 500.00 (171.84) 3,272.07 3,000.00 272.07 5.200.00 1.927.93 37.1% Total -CBR -OTHER EXPENSES 752.68 1,975.00 (1,222.32) 7,924.77 11,850.00 (3,925.23) 22450.00 14,525.23 64.7% TOTAL-CARTSBAGROOM&RANGE 36,734.54 48,132.00 (1,222.32) 184,521.97 185,204.00 (682.03) 426,236.00 241,799.60 56.7% 643 -CS -SALARIES & BENEFITS 6431325 Insurance -Workers Comp 1,000.00 1,015.00 (15.00) 3,251.46 3,050.00 201.46 7,766.00 4,514.54 58.1% 6431800 Taxes -Employer Payroll 1,100.80 1,217.00 (116.20) 3,197.71 3,657.00 (459.29) 9,308.00 6,110.29 65.6% 6431880 Wages -Hourly 12,130.70 12,478.00 (347.30) 34,730.75 37,502.00 (2,771.25) 95,471.00 60,740.25 63.6% 6431882 Wages -Overtime - - - - - - - - 0.0% Total -CS -SALARIES & BENEFITS 14,231.50 14,710.00 (478.50) 41,179.92 44,209.00 (3,029.08) 112 545.00 71 365.08 63.4% 643 -CS -OTHER EXPENSES 6433742 Supplies Expendable - 100.00 (100.00) 417.92 500.00 (82.08) 1,050.00 632.08 60.2% 6439490 Miscellaneous - 50.00 (50.00) 32.60 150.00 (117.40) 200.00 167.40 83.7% 6439718 Safety Equipment & Training - 50.00 (50.00) - 300.00 (300.00) 600.00 600.00 100.0% 6439820 Uniforms 276.23 250.00 26.23 1,671.37 1,350.00 321.37 2,125.00 453.63 21.3% Total -CS -OTHER EXPENSES 276.23 450.00 (173.77) 2,121.89 2,300.00 (178.11) 3,975.00 1,853.11 46.6% Total -COURSE SERVICES 14,507.73 15,160.00 (652.27) 43,301.81 46,509.00 (3,207.19) 116,520.00 73,218.19 62.8% TOTAL OUTSIDE SERVICES 51 242.27 63 292.00 (12 049.73) 227 823.78 231 713.00 (3 889.22) 542 756.00 313 164.68 57.7% SilverRock Resort Clubhouse Expense Statement December 2023 Month to Date Year to Date Annual Budget December Annual 2023 Final Budget Variance Budget Variance Variance Budget Unemcumb. %Budget Expense 65 -CH -SUPPLIES & MATER/ALS 6503742 Supplies -Expendable 400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0% Total -CH -SUPPLIES & MATERIALS 400.00 400.00 - 2,400.00 2,400.00 - 4,800.00 2,400.00 50.0% 65 -CH -UTILITIES 6507836 Utilities -Natural Gas - 1,000.00 (1,000.00) 4,581.84 6,000.00 (1,418.16) 12,000.00 7,418.16 61.8% 6507840 Utilities -Telephone 1,593.67 1,750.00 (156.33) 9,976.88 10,500.00 (523.12) 21,000.00 11,023.12 52.5% 6507842 Utilities -Water 592.27 321.00 271.27 3,435.42 1,926.00 1,509.42 3,852.00 416.58 10.8% 6507844 Utilities -Cable 409.29 380.00 29.29 2,741.04 2,280.00 461.04 4,560.00 1,818.96 39.9% Total -CH -UTILITIES 2,595.23 3,451.00 (855.77) 20,735.18 20,706.00 29.18 41,412.00 20,676.82 49.9% 65 -CH -OTHER EXPENSES 6509091 Contract Services -Cleaning 3,305.06 2,850.00 455.06 18,489.23 17,100.00 1,389.23 34,200.00 15,710.77 45.9% 6509099 Contract Services -Security 7,059.88 6,800.00 259.88 47,043.80 40,800.00 6,243.80 81,600.00 34,556.20 42.3% 6509215 Flowers & Decorations - - - - 500.00 (500.00) 1,900.00 1,900.00 100.0% 6509490 Miscellaneous -- - - - - - - 0.0% 6509718 Safety Equipment & Training - 100.00 (100.00) - 600.00 (600.00) 1,200.00 1,200.00 100.0% Total--CH-OTHER EXPENSES 10,364.94 9,750.00 614.94 65,533.03 59,000.00 6,533.03 118,900.00 53,366.97 44.9% 65 -CH -REPAIRS & MAINTENANCE 6515685 CH -R&M -Building Structures 427.75 300.00 127.75 2,902.45 1,800.00 1,102.45 3,600.00 697.55 19.4% 6515686 CH -R&M -Restaurant Repairs - 700.00 (700.00) - 4,200.00 (4,200.00) 8,400.00 8,400.00 100.0% 6515690 CH -R&M -Equipment Repair- 700.00 (700.00) 307.23 4,200.00 (3,892.77) 8,400.00 8,092.77 96.3% Total -CH -REPAIRS & MAINTENANCE 427.75 1,700.00 (1,272.25) 3,209.68 10,200.00 (6,990.32) 20,400.00 17,190.32 84.3% Total CLUBHOUSE 13,787.92 15,301.00 (1,513.08) 91,877.89 92,306.00 (428.11) 185,512.00 34,380.64 18.5% SilverRock Resort General and Administrative Expense Statement December 2023 Month to Date Year to Date Annual Budget December 2023 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget Expense 67 -G&A -SALARIES & BENEFITS 6701320 Insurance -Group 4,451.83 3,117.00 1,334.83 23,417.89 18,702.00 4,715.89 37,404.00 13,986.11 37.4% 6701325 Insurance -Workers Comp 1,900.00 1,951.00 (51.00) 11,493.84 12,547.00 (1,053.16) 24,251.00 12,757.16 52.6% 6701720 Salaries 16,749.60 20,141.00 (3,391.40) 112,834.40 120,846.00 (8,011.60) 266,243.00 153,408.60 57.6% 6701800 Taxes -Employer Payroll 2,012.37 2,338.00 (325.63) 12,902.49 15,039.00 (2,136.51) 29,069.00 16,166.51 55.6% 6701880 Wages -Hourly 6,920.05 3,840.00 3,080.05 47,223.01 33,408.00 13,815.01 31,900.00 (15,323.01) -48.0% 6701882 Wages -Overtime 15.53 - 15.53 38.02 - 38.02 - - Total -G&A -SALARIES & BENEFITS 32,049.38 31,387.00 662.38 207,909.65 200,542.00 7,367.65 388,867.00 180,957.35 46.5% 67 -G&A -SUPPLIES & MATERIALS 6703740 Supplies -Computer 239.98 500.00 (260.02) 1,140.42 3,000.00 (1,859.58) 6,300.00 5,159.58 81.9% 6703762 Supplies -Office 65.22 105.00 (39.78) 479.78 630.00 (150.22) 1,260.00 780.22 61.9% 6703768 Supplies -Printing & Stationery 68.78 400.00 (331.22) 947.75 900.00 47.75 3,300.00 2,352.25 71.3% Total -G&A -SUPPLIES & MATERIALS 373.98 1,005.00 (631.02) 2,567.95 4,530.00 (1,962.05) 10,860.00 8,292.05 76.4% 67 -G&A -REPAIRS & MAINTENANCE 6705690 Repairs & Maintenance -Equipment - 100.00 (100.00) - 1,300.00 (1,300.00) 1,900.00 1,900.00 100.0% Total -G&A -REPAIRS & MAINTENANCE - 100.00 (100.00) - 1,300.00 (1,300.00) 1,900.00 1,900.00 100.0% 67 -G&A -OTHER EXPENSES 6709020 Auto/Mileage Allowance 500.00 500.00 - 3,000.00 3,000.00 - 6,000.00 3,000.00 50.0% 6709150 Dues & Subscriptions - 50.00 (50.00) 233.29 500.00 (266.71) 1,550.00 1,316.71 84.9% 6709180 Employee Recruiting/Relocation - 200.00 (200.00) 685.01 650.00 35.01 1,200.00 514.99 42.9% 6709197 Equipment Rental 563.31 550.00 13.31 4,743.29 3,300.00 1,443.29 6,600.00 1,856.71 28.1% 6709202 Fees -Bank 70.44 90.00 (19.56) 314.35 540.00 (225.65) 1,080.00 765.65 70.9% 6709208 Fees -Payroll Processing 1,573.61 1,000.00 573.61 6,710.69 6,000.00 710.69 12,000.00 5,289.31 44.1% 6709220 Freight/Delivery - 50.00 (50.00) - 300.00 (300.00) 600.00 600.00 100.0% 6709490 Miscellaneous 6,061.69 4,000.00 2,061.69 8,099.11 5,400.00 2,699.11 6,000.00 (2,099.11) -35.0% 6709620 Postage/Mail Services - 75.00 (75.00) 529.18 450.00 79.18 900.00 370.82 41.2% 6709625 Expense Professional Fees 1,231.50 3,500.00 (2,268.50) 8,906.39 13,000.00 (4,093.61) 28,000.00 19,093.61 68.2% 6709636 Promotion/Entertainment 94.61 100.00 (5.39) 94.61 600.00 (505.39) 1,200.00 1,105.39 92.1% 6709722 Seminars & Training - 200.00 (200.00) 953.78 1,200.00 (246.22) 3,400.00 2,446.22 71.9% 6709810 Travel - - - - 100.00 (100.00) 1,100.00 1,100.00 100.0% 6709820 Uniforms - 75.00 (75.00) 650.10 600.00 50.10 1,050.00 399.90 38.1% Total -G&A -OTHER EXPENSES 10,095.16 10,390.00 (294.84) 34,919.80 35,640.00 (720.20) 70,680.00 35,760.20 50.6% 42.518.52 42.882.00 (363.48) 245.397.40 242.012.00 3 385.40 472,307.00 226.909.60 48.0% Total -GENERAL & ADMINISTRATIVE SilverRock Resort Marketing Expense Statement December 2023 Month to Date Year to Date 1 Annual Budget December Annual 2023 Final Budget Variance Final Budget Variance Budget Unemcumb. % Budget Expense 66 -MKT -SALARIES & BENEFITS 6601320 Insurance -Group 380.00 387.00 (7.00) 380.00 387.00 (7.00) 2,709.00 2,329.00 86.0% 6601325 Insurance -Workers Comp 100.00 102.00 (2.00) 402.00 612.00 (210.00) 1,220.00 818.00 67.0% 6601720 Salaries 1,250.00 1,250.00 - 8,125.00 7,500.00 625.00 15,000.00 6,875.00 45.8% 6601800 Tax -Employer Payroll 122.00 122.00 - 893.00 732.00 161.00 1,463.00 570.00 39.0% Total -MKT -SALARIES & BENEFITS 1,852.00 1,861.00 (9.00) 9,800.00 9,231.00 569.00 20,392.00 10,592.00 51.9% 66 -MKT -SUPPLIES & MATER/ALS 6603762 Supplies -Office 181.73 100.00 81.73 181.73 600.00 (418.27) 1,200.00 1,018.27 84.9% 6603768 Supplies -Printing & Stationery 628.73 200.00 428.73 6,145.23 3,600.00 2,545.23 4,425.00 (1,720.23) -38.9% Total -MKT -SUPPLIES & MARKET/NG 810.46 300.00 510.46 6,326.96 4,200.00 2,126.96 5,625.00 (701.961 -12.5% 66 -MKT -UTILITIES 6607840 Utilities -Telephone 189.83 100.00 89.83 1,083.63 600.00 483.63 1,200.00 116.37 9,7% Total -MKT -UTILITIES 189.83 100.00 89.83 1,083.63 600.00 483.63 1,200.00 116.37 9,7% 66 -MKT -OTHER EXPENSES 6609010 Advertising 5,031.49 14,866.00 (9,834.51) 44,418.28 55,161.00 (10,742.72) 129,762.00 85,343.72 65.8% 6609040 Business Meals - 25.00 (25.00) - 150.00 (150.00) 300.00 300.00 100.0% 6609080 Collateral Material - - - 8,165.15 1,500.00 6,665.15 5,500.00 (2,665.15) -48.5% 6609102 Contract Services -Web Page - 150.00 (150.00) - 900.00 (900.00) 1,800.00 1,800.00 100.0% 6609490 Miscellaneous - - - - - - 350.00 350.00 100.0% 6609620 Postage - 50.00 (50.00) - 100.00 (100.00) 600.00 600.00 100.0% 6609630 Promotion - 50.00 (50.00) - 300.00 (300.00) 700.00 700.00 100.0% 6609633 Promotion-Cummunity - - - - - - 2,250.00 2,250.00 100.0% 6609634 Promotion-Media/Vendor - 750.00 (750.00) - 1,800.00 (1,800.00) 1,000.00 1,000.00 100.0% 6609150 Dues & Subscriptions - 50.00 (50.00) - 150.00 (150.00) 735.00 735.00 100.0% 6609820 Uniforms - 50.00 (50.00) 59.26 400.00 (340.74) 600.00 540.74 90.1% Total -MKT -OTHER EXPENSES 5,031.49 15,991.00 (10,959.51) 52,642.69 60,461.00 (7,818.31) 143,597.00 90,954.31 63.3% TOTAL MARKETING 7 883.78 18 252.00 (10,368.22) 69,853.28 74,492.00 (4.638.72) 170,814.00 100,960.72 59.1% Silverrock Resort Operating Leases & Miscellaneous Other Expense Statement December 2023 Month to Date Year to Date Annual Budget December Annual 2023 Final Budget Variance Final Budget Variance Budget Unemcumb. % Budget Expense 68 -LEASES 6800192 Equipment Leases -Carts 10,465.09 14,000.00 (3,534.91) 62,790.54 70,344.00 (7,553.46) 154,344.00 91,553.46 59.3% 6800193 Equipment Leases -Maintenance 18,310.28 18,150.00 160.28 109,861.68 108,900.00 961.68 217,800.00 107,938.32 49.6% 6800196 Equipment Leases -GPS 2,640.00 2,750.00 (110.00) 15,840.00 16,500.00 (660.00) 33,000.00 17,160.00 52.0% 6800197 Equipment Leases -Others 1,027.29 1,950.00 (922.71) 6,258.79 8,500.00 (2,241.21) 20,200.00 13,941.21 69.0% Total -LEASES 32,442.66 36,850.00 (4,407.34) 194,751.01 204,244.00 (9,492.99) 425,344.00 230,592.99 54.2% 69-MISC OTHER EXPENSES 6900096 Contract Srvcs-Management Fee 10,892.00 10,892.00 - 65,352.00 65,352.00 - 130,704.00 65,352.00 50.0% 6900210 FF&E Reserve 8,915.26 8,893.00 22.26 26,816.50 26,895.00 (78.50) 82,217.00 55,400.50 67.4% 6900323 Insurance -Commercial 13,456.00 8,917.00 4,539.00 42,321.47 53,502.00 (11,180.53) 107,000.00 64,678.53 60.4% 6900800 Personal Property Taxes - - - 15,268.68 11,800.00 3,468.68 11,800.00 (3,468.68) -29.4% Total--M/SC OTHER EXPENSES 33,263.26 28,702.00 4,561.26 149,758.65 157,549.00 (7,790.35) 331,721.00 181,962.35 54.9% SilverRock Resort -Arnold Palmer Classic Course Comp Golf Report -2023-2024 Comp Category Media Sales Promotion Golf Industry VIP Celebrity PGA Comp Charity/Gift Certificate Rain/Wind Checks Club Staff LQ HS Golf Comp Category Media Sales Promotion Golf Industry VIP Celebrity PGA Comp Charity/Gift Certificate Rain/Wind Checks Club Staff LQ HS Golf 2023 2023 2023 2023 2023 2023 July August September October November December 9 3 26 7 16 4 4 10 7 11 14 7 31 4 16 12 9 55 6 38 0 24 25 66 98 2024 2024 2024 2024 2024 2024 January February March April May June 0 0 0 0 0 0