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07 January 2024 SilverRock Resort - Monthly Financial StatementS1LVERROCK® RESORT Monthly Financial Statements July 01, 2023 - January 31, 2024 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 January 2024 Month to Date G/L # Series 400000 401000 410000 420000 510000 520000 610000 630000 633000 640000 650000 660000 670000 680000 690000 620000 Account Description Income Golf Green Fee Revenue Miscellaneous Golf Revenue Revenue -Golf Shop Food & Beverage Revenue Total Income Cost of Goods Sold COS -Golf Shop COS -Food & Beverage Total COS Gross Profit January 2024 Final Budget Variance Percentage Difference Year to Date Final Budget Variance 536,369.00 25,732.00 20,461.45 81,669.51 664,231.96 480,960.00 23,800.00 28,800.00 82,032.00 55,409.00 1,932.00 (8,338.55) (362.49) 615,592.00 48,639.96 11,256.77 29,176.77 16,120.00 24,746.00 40,433.54 40,866.00 (4,863.23) 4,430.77 (432.46) 623,798.42 574,726.00 49,072.42 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 24,919.78 27,061.00 (2,141.22) 163,411.47 141,071.00 22,340.47 21,947.46 21,300.00 647.46 48,047.39 60,059.00 (12,011.61) 14,229.62 15,801.00 (1,571.38) 14,017.91 20,457.00 (6,439.09) 40,285.66 39,982.00 303.66 32,472.84 36,850.00 (4,377.16) 28,028.01 29,428.00 (1,399.99) 66,641.73 57,218.00 9,423.73 454,001.87 449,227.00 4,774.87 169,796.55 125,499.00 44,297.55 7.90% 7.9% -15.8% -3.0% 20.0% 9.9% 31.5% -0.8% 11.9% 4.8% -16.5% -1.1% 15.4% 1,876,766.00 88,251.00 98,369.79 233,655.30 2,297,042.09 1,825,694.00 71,650.00 105,500.00 308,284.00 51,072.00 16,601.00 (7,130.21) (74,628.70) 2,311,128.00 (14,085.91) 53,685.72 104,272.70 157,958.42 59,051.00 98,423.00 157,474.00 5,365.28 (5,849.70) (484.42) 2,139,083.67 2,153,654.00 (14,570.33) 134,278.81 1,333,005.15 199,271.55 275,871.17 106,107.51 83,871.19 285,683.06 227,223.85 177,786.66 233,961.35 3,057,060.30 (917,976.63) 136,053.00 1,261,581.00 166,445.00 291,772.00 108,107.00 94,949.00 281,994.00 241,094.00 186,977.00 262,487.00 (1,774.19) 71,424.15 32,826.55 (15,900.83) (1,999.49) (11,077.81) 3,689.06 (13,870.15) (9,190.34) (28,525.65) 3,031,459.00 (25,601.30) (877,805.00) (40,171.63) 400000 Rounds of Golf Played Paid Rounds Played Ave $ Per Paid Round Green Fee Ave $ Per Paid Round Merchandise Ave $ Per Paid Miscellaneous 4,950 108.36 4.13 5.20 4,800 100.20 6.00 4.96 150 8.16 (1.87) 0.24 19,960 94.03 4.93 4.42 21,010 86.90 5.02 3.41 (1,050) 7.13 (0.09) 1.01 Annual Budget Annual Budget Unemcumb. 4,110,847.00 156,180.00 245,623.00 710,099.00 5,222,749.00 137,475.00 218,834.00 356,309.00 4,866,440.00 259,447.00 2,005,608.00 282,424.00 542,757.00 185, 512.00 170,814.00 472,307.00 425,344.00 343,521.00 491,697.00 5,179,431.00 (312,991.00) 2,234,081.00 67,929.00 147,253.21 476,443.70 2,925,706.91 83,789.28 114,561.30 198,350.58 2,727,356.33 125,168.19 672,602.85 83,152.45 266,885.83 79,404.49 86,942.81 186,623.94 198,120.15 165,734.34 257,735.65 1,864,635.05 862,721.28 41,996 97.89 5.85 3.72 22,036 3.86 0.92 (0.70) % Bdgt 46% 57% 40% 33% 44% 39% 48% 44% 44% 52% 66% 71% 51% 57% 49% 60% 53% 52% 52% 59% 48% 96% 84% 119% 1 2 SilverRock Resort Statement of Fees - Revenue January 2024 1 Month to Date Year to Date Annual Budget January Income 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget 4000000 Revenue -Fees 536,369.00 480,960.00 55,409.00 1,876,766.00 1,825,694.00 51,072.00 4,110,847.00 2,234,081.00 54.3% 4010000 Rider Fee 2,040.00 3,100.00 (1,060.00) 8,855.00 12,300.00 (3,445.00) 17,480.00 8,625.00 49.3% 4040000 Club Rental 4,325.00 3,950.00 375.00 22,325.00 14,350.00 7,975.00 29,800.00 7,475.00 25.1% 4050000 Driving Range 16,435.00 14,500.00 1,935.00 51,980.00 39,750.00 12,230.00 97,350.00 45,370.00 46.6% 4060000 Handicap Fees 667.00 750.00 (83.00) 1,826.00 750.00 1,076.00 1,550.00 (276.00) -17.8% 4090000 Ball Retriever/Subcontract 765.00 500.00 265.00 765.00 1,500.00 (735.00) 2,500.00 1,735.00 69.4% 4091000 Golf Professional Rental Fee 1,500.00 1,000.00 500.00 2,500.00 3,000.00 (500.00) 7,500.00 5,000.00 66.7% Total Miscellaneous Revenue 25,732.00 23,800.00 1,932.00 88,251.00 71,650.00 16,601.00 156,180.00 67,929.00 43.5% 562,101.00 504,760.00 57,341.00 1,965,017.00 1,897,344.00 67,673.00 4,267,027.00 2,302,010.00 53.9% Tota/ Revenue Fees Tota/ Income 562,101.00 504,760.00 1 57,341.00 I 1,965,017.00 1 1,897,344.00 67,673.00 I 4,267,027.00 2,302,010.00 53.9% 1 2 3 SilverRock Golf Shop Income January Resort Statement 2024 Month to Date Year to Date Annual Budget January Annual Income 2024 Final Budget Variance Final Budget Variance Budget Unemcumb. % Budget 4100000 Sales Miscellaneous 86.00 - 86.00 3,867.40 - 3,867.40 0 0 0% 4100110 Sales Hard Goods 7,258.94 21,600.00 (14,341.06) 39,079.96 79,125.00 (40,045.04) 61,406.00 22,326.04 36.4% 4100112 Sales -Soft Goods 13,116.51 7,200.00 5,916.51 62,423.98 26,375.00 36,048.98 184,217.00 121,793.02 66.1% 5100639 GS -Discounts -Mdse - - - (7,001.55) - (7,001.55) - 7,001.55 0.0% Total Revenue Golf Shop 20,461.45 28,800.00 (8,338.55) 98,369.79 105,500.00 (128.66) 245,623.00 144,119.06 58.7% COS 5100150 COS -GS -Hard Goods 4,139.28 4,176.00 (36.72) 20,525.54 15,299.00 5,226.54 35,615.00 15,089.46 42.4% 5100151 COS -GS -Soft Goods 6,791.34 12,528.00 (5,736.66) 32,360.05 45,894.00 (13,533.95) 106,846.00 74,485.95 69.7% 5100152 COS -GS -Purchase Disc (287.62) (835.00) 547.38 (1,564.54) (3,060.00) 1,495.46 (7,123.00) (5,558.46) 0.0% 5100220 COS -GS -Freight Merch 613.77 251.00 362.77 2,364.67 918.00 1,446.67 2,137.00 (227.67) -10.7% Cost of Sales - Golf Shop 11,256.77 16,120.00 (4,863.23) 53,685.72 59,051.00 (5,365.28) 137,475.00 83,789.28 60.9% Gross Profit 9,204.68 12,680.00 (3,475.32) 44,684.07 46,449.00 5,236.62 108,148.00 60,329.78 55.8% COS % 55.0% 56.0% 1.0% 54.6% 56.0% 1.4% 53.1% 58.1% 109.5% Ex•ense 61 -PS -SALARIES & BENEFITS 6101320 Insurance Group 360.14 774.00 (413.86) 3,225.14 5,418.00 (2,192.86) 9,288.00 6,062.86 65.3% 6101325 Insurance -Workers Comp 1,600.00 1,633.00 (33.00) 7,851.96 8,337.00 (485.04) 15,959.00 8,107.04 50.8% 6101720 Salaries 5,769.24 6,436.00 (666.76) 43,269.30 45,052.00 (1,782.70) 77,250.00 33,980.70 44.0% 6101800 Taxes -Employer Payroll 2,704.65 1,957.00 747.65 10,116.12 9,994.00 122.12 19,129.00 9,012.88 47.1% 6101880 Wages -Hourly 12,747.94 13,636.00 (888.06) 63,748.65 57,442.00 6,306.65 118,952.00 55,203.35 46.4% 6101882 Wages -Overtime 112.01 - 112.01 666.77 - 666.77 - (666.77) 0.0% Total -PS-SALARIES & BENEFITS 23,293.98 24,436.00 (1,142.02) 128,877.94 126,243.00 2,634.94 240,578.00 111,700.06 46.4% 61 -PS OTHER EXPENSES 6103762 Supplies -Office 141.36 250.00 (108.64) 1,086.74 1,750.00 (663.26) 3,000.00 1,913.26 63.8% 6109150 Dues and Subscriptions - - __ - - 2,300.00 2,300.00 100.0% 6109220 Freight & Delivery _ - __ 75.00 (75.00) 75.00 75.00 100.0% 6109490 Miscellaneous 1,092.84 500.00 592.84 1,592.63 3,500.00 (1,907.37) 6,000.00 4,407.37 73.5% 6109722 Seminars/Training - 1,250.00 (1,250.00) - 2,300.00 (2,300.00) 3,690.00 3,690.00 100.0% 6109810 Travel - Merchandise - 15.00 (15.00) - 15.00 (15.00) 90.00 90.00 100.0% 6109820 Uniforms 125.57 500.00 (374.43) 1,816.42 1,400.00 416.42 2,400.00 583.58 24.3% 6117840 Telephones 266.03 110.00 156.03 905.08 770.00 135.08 1,320.00 414.92 31.4% Total - Other Expenses 1,625.80 2,625.00 (999.20) 5,400.87 9,810.00 (4,409.13) 18,875.00 13,474.13 71.4% Total Expenses -Golf Shop 24,919.78 27,061.00 (2,141.22) 134,278.81 136,053.00 (1,774.19) 259,453.00 125,174.19 48.2% Net Income (15,715.10) (14,381.00) (1,334.10) (89,594.74) (89,604.00) 7,010.81 (151,305.00) (64,844.41) 42.9% 3 SilverRock Resort Course Maintenance Expense Statement January 2024 4 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 63 Expense -CM -SALARIES & BENEFITS 6311320 Insurance -Group 7,056.24 9,696.00 (2,639.76) 50,381.93 59,358.00 (8,976.07) 107,838.00 57,456.07 53.3% 6311325 Insurance -Workers Comp 3,690.00 3,697.00 (7.00) 22,912.06 24,370.00 (1,457.94) 42,860.00 19,947.94 46.5% 6311720 Salaries 15,076.92 16,713.00 (1,636.08) 110,763.66 116,991.00 (6,227.34)1 200,000.00 89,236.34 44.6% 6311800 Taxes -Employer Payroll 8,568.10 7,357.00 1,211.10 36,671.16 49,253.00 (12,581.84) 86,375.00 49,703.84 57.5% 6311880 Wages -Hourly 46,295.45 58,741.00 (12,445.55) 328,426.79 364,821.00 (36,394.21) 652,304.00 323,877.21 49.7% 6311882 Wages -Overtime 1,072.32 - 1,072.32 26,202.41 23,344.00 2,858.41 33,620.00 7,417.59 22.1% Total -CM -SALARIES & BENEFITS 81,759.03 96,204.00 (14,444.97) 575,358.01 638,137.00 (62,778.99) 1,122,997.00 547,638.99 48.8% 63 -CM -SUPPLIES & MATERIALS 6313745 Chemicals 1,046.67 - 1,046.67 38,101.90 32,500.00 5,601.90 46,500.00 8,398.10 18.1% 6313744 Fertilizer 14,533.48 10,000.00 4,533.48 86,414.60 78,400.00 8,014.60 111,800.00 25,385.40 22.7% 6313746 Flowers/Plants - - - 7,523.68 3,500.00 4,023.68 7,000.00 (523.68) -7.5% 6313748 Fuel -Gasoline 8,101.52 5,700.00 2,401.52 46,494.95 39,900.00 6,594.95 68,400.00 21,905.05 32.0% 6313750 Golf Course Accessories 561.79 - 561.79 8,232.86 14,000.00 (5,767.14) 16,000.00 7,767.14 48.5% 6313756 POA Control - - - 9,290.64 10,000.00 (709.36) 20,000.00 10,709.36 53.5% 6313758 Miscellaneous Supp 495.11 500.00 (4.89) 4,288.40 4,250.00 38.40 5,950.00 1,661.60 27.9% 6313774 Pesticides - - - -- - - - 0.0% 6313776 Sand - - - 47,238.82 13,500.00 33,738.82 13,500.00 (33,738.82) 6313778 Seed - - - 140,870.52 190,500.00 (49,629.48) 190,500.00 49,629.48 26.1% 6313780 Small Tools & Non -Capital Equip 92.34 575.00 (482.66) 5,736.14 4,150.00 1,586.14 7,025.00 1,288.86 18.3% 6313782 Sod 739.51 - 739.51 7,393.10 11,000.00 (3,606.90) 15,500.00 8,106.90 52.3% 6313784 Topdressing - - - 1,919.62 6,000.00 (4,080.38) 19,000.00 17,080.38 89.9% Total -CM -SUPPLIES & MATERIALS 25,570.42 16,775.00 8,795.42 403,505.23 407,700.00 (4,194.77) 521,175.00 117,669.77 22.6% 63 -CM -REPAIRS & MAINTENANCE 6315095 CM -R&M -Contract Lake Maint 4,100.00 5,143.00 (1,043.00) 29,100.00 36,001.00 (6,901.00) 61,716.00 32,616.00 52.8% 6315685 CM-R&M-Bldngs & Othr Structures 117.50 250.00 (132.50) 1,189.66 4,300.00 (3,110.34) 5,550.00 4,360.34 78.6% 6315690 CM -R&M -Equipment 5,296.63 2,500.00 2,796.63 40,290.17 27,000.00 13,290.17 38,500.00 (1,790.17) -4.6% 6315692 CM -R&M -Irrigation System 5,809.86 1,450.00 4,359.86 21,723.85 16,800.00 4,923.85 23,300.00 1,576.15 6.8% 6315696 CM -R&M -Pumps - 1,000.00 (1,000.00) 10,208.28 7,000.00 3,208.28 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 15,323.99 10,343.00 4,980.99 120,141.96 97,151.00 22,990.96 153,616.00 33,474.04 21.8% 6317836 Utilities -Natural Gas/LPG 28.76 15.00 13.76 99.64 105.00 (5.36) 180.00 80.36 0.0% 6317840 Telephones 2,160.95 850.00 1,310.95 15,219.51 5,950.00 9,269.51 10,200.00 (5,019.51) -49.2% Total -CM -UTILITIES 2,189.71 865.00 1,324.71 15,319.15 6,055.00 9,264.15 10,380.00 14,939.15) -47.6% 63 -CM -OTHER EXPENSES 6319020 Auto Mileage/Allowance 400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7% 6319100 Contract Svcs-Soil/Tissue Test - 1,500.00 (1,500.00) - 3,000.00 (3,000.00) 4,500.00 4,500.00 100.0% 6319102 Contract Svcs -Trash Removal - 524.00 (524.00) - 3,668.00 (3,668.00) 6,288.00 6,288.00 100.0% 6319150 Dues & Subscriptions 160.00 - 160.00 2,372.93 - 2,372.93 680.00 (1,692.93) -249.0% 6319170 Employee Education 300.00 50.00 250.00 300.00 350.00 (50.00) 3,900.00 3,600.00 92.3% 6319197 Equipment Rental - 200.00 (200.00) - 2,500.00 (2,500.00) 3,400.00 3,400.00 100.0% 6319206 Licenses & Permits 700.00 - 700.00 700.00 400.00 300.00 4,300.00 3,600.00 83.7% 6319490 Miscellaneous - 100.00 (100.00) 1,236.99 700.00 536.99 1,200.00 (36.99) -3.1% 6319718 Safety Equipment & Training - 400.00 (400.00) - 3,150.00 (3,150.00) 3,850.00 3,850.00 100.0% 6319822 Uniforms - 1,210.00 (1,210.00) 4,543.68 8,470.00 (3,926.32) 14,520.00 9,976.32 68.7% Total -CM -OTHER EXPENSES 1,560.00 4,384.00 (2,824.00) 11,953.60 25,038.00 (13,084.40) 47,438.00 35,484.40 74.80% 4 SilverRock Resort Course Maintenance Expense Statement January 2024 4 Silverrock Resort Course Maintenance Water & Energy January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 632 -CM -CONTRACT SERVICES 37,008.32 12,500.00 24,508.32 206,727.20 87,500.00 119,227.20 150,000.00 (56,727.20) -37.8% 6321880 Contract Labor Total Contract Service 37,008.32 12,500.00 24,508.32 206,727.20 87,500.00 119,227.20 150,000.00 (56,727.20) -37.8% 33.5% Total -COURSE MAINTENANCE 163,411.47 141,071.00 22,340.47 1,333,005.15 1,261,581.00 71,424.15 2,005,606.00 672,600.85 4 Silverrock Resort Course Maintenance Water & Energy January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. %Budget 633 -CM -WATER & ENERGY 18,476.09 3,471.37 14,100.00 7,200.00 4,376.09 (3,728.63) 128,920.42 70,351.13 97,040.00 69,405.00 31,880.42 946.13 144,810.00 115,484.00 15,889.58 45,132.87 11.0% 39.1% 23.4% 6337834 Utilities -Electricity -Pumping 6337842 Utilities -Water Total -CM -WATER & ENERGY 21,947.46 21,300.00 647.46 199,271.55 166,445.00 32,826.55 260,294.00 61,022.45 4 5 SilverRock Resort Outside Services Expense Statement January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense -SALARIES & BENEFITS 6411320 Insurance -Group 500.77 774.00 (273.23) 3,715.05 5,418.00 (1,702.95) 9,288.00 5,572.95 60.0% 6411325 Insurance -Workers Comp 2,500.00 2,506.00 (6.00) 11,311.01 11,064.00 247.01 21,662.00 10,350.99 47.8% 6411800 Taxes -Employer Payroll 3,578.71 3,836.00 (257.29) 11,868.21 16,933.00 (5,064.79) 33,156.00 21,287.79 64.2% 6411880 Wages -Hourly 22,860.92 30,810.00 (7,949.08) 110,309.64 136,012.00 (25,702.36) 266,317.00 156,007.36 58.6% 6411882 Wages -Overtime 2,241.14 - 2,241.14 9,748.98 - 9,748.98 - (9,748.98) 0.0% Total -CBR -SALARIES & BENEFITS 31,681.54 37,926.00 (6,244.46) 146,952.89 169,427.00 (22,474.11) 330,423.00 183,470.11 55.5% 641 -CBR -SUPPLIES & MATERIALS 6413732 Supplies -Carts - 75.00 (75.00) 1,935.57 1,575.00 360.57 1,850.000.0% 6413742 Supplies -Expendable 799.67 1,000.00 (200.33) 3,492.19 4,450.00 (957.81) 6,750.00 3,257.81 48.3% 6413748 Supplies -Fuel for Shuttle __ - - - - - - 0.0% 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) - 275.00 (275.00) 525.00 525.00 100.0% 6413768 Supplies -Printing and Stationary - 70.00 (70.00) - 70.00 (70.00) 420.00 420.00 100.0% 6413786 Supplies -Towels 480.00 250.00 230.00 2,236.34 1,110.00 1,126.34 2,182.00 (54.34) -2.5% 6413796 Supplies -Bottled Water - 2,500.00 (2,500.00) 14,400.00 17,500.00 (3,100.00) 30,000.00 15,600.00 52.0% Total -CBR -SUPPLIES & MATERIALS 1,279.67 3,945.00 (2,665.33) 36,745.35 34,980.00 1,765.35 51,727.00 15,067.22 29.1% 641 -CBR -REPAIRS & MAINTENANCE 6415690 CBR -R&M -Equipment 42.23 300.00 (257.77) 15,447.50 2,100.00 13,347.50 3,600.00 (11,847.50) -329.1% 6415695 CBR -R&M -Cart Maintenance & Repai 241.24 1,503.00 (1,261.76) 10,696.14 10,521.00 175.14 18,036.00 7,339.86 40.7% Total -CBR -REPAIRS & MAINTENANCE 283.47 1,803.00 (1,519.53) 26,143.64 12,621.00 13,522.64 21,636.00 14,507.64) -20.8% 641 -CBR -OTHER EXPENSES 6419094 Contract Services-Laundry/Linen 730.83 800.00 (69.17) 3,782.40 5,600.00 (1,817.60) 9,600.00 5,817.60 60.6% 6419220 Freight/Delivery __ - - 450.00 (450.00) 450.00 450.00 100.0% 6419490 Miscellaneous 24.88 600.00 (575.12) 1,626.01 4,200.00 (2,573.99) 7,200.00 5,573.99 77.4% 6419820 Uniforms - - - 3,272.07 3,000.00 272.07 5,200.00 1,927.93 37.1% Total -CBR -OTHER EXPENSES 755.71 1,400.00 (644.29) 8,680.48 13,250.00 (4,569.52) 22,450.00 13,769.52 61.3% TOTAL-CARTS,BAGROOM & RANGE 34,000.39 45,074.00 (644.29) 218,522.36 230,278.00 (11,755.64) 426,236.00 207,799.21 48.8% 643 -CS -SALARIES & BENEFITS 6431325 Insurance -Workers Comp 1,000.00 1,015.00 (15.00) 4,251.46 4,065.00 186.46 7,766.00 3,514.54 45.3% 6431800 Taxes -Employer Payroll 1,677.21 1,217.00 460.21 4,874.92 4,874.00 0.92 9,308.00 4,433.08 47.6% 6431880 Wages -Hourly 11,369.79 12,478.00 (1,108.21) 46,100.54 49,980.00 (3,879.46) 95,471.00 49,370.46 51.7% 6431882 Wages -Overtime - - - - - - - - 0.0% Total -CS -SALARIES & BENEFITS 14,047.00 14,710.00 (663.00) 55,226.92 58,919.00 (3,692.08) 112,545.00 57,318.08 50.9% 643 -CS -OTHER EXPENSES 6433742 Supplies Expendable - 100.00 (100.00) 417.92 600.00 (182.08) 1,050.00 632.08 60.2% 6439490 Miscellaneous - 50.00 (50.00) 32.60 200.00 (167.40) 200.00 167.40 83.7% 6439718 Safety Equipment & Training - 50.00 (50.00) - 350.00 (350.00) 600.00 600.00 100.0% 6439820 Uniforms - 75.00 (75.00) 1,671.37 1,425.00 246.37 2,125.00 453.63 21.3% Total -CS -OTHER EXPENSES - 275.00 (275.00) 2,121.89 2,575.00 (453.11) 3,975.00 1,853.11 46.6% Total -COURSE SERVICES 14,047.00 14,985.00 (938.00) 57,348.81 61,494.00 (4,145.19) 116,520.00 59,171.19 50.8% TOTAL OUTSIDE SERVICES 48,047.39 60,059.00 (12,011.61) 275,871.17 291,772.00 (15,900.83) 542,756.00 265,117.29 48.8% 5 6 SilverRock Resort Clubhouse Expense Statement January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Budget Variance Variance Annual Budget Unemcumb. %Budget Expense 65 -CH -SUPPLIES & MA TERIALS 6503742 Supplies -Expendable 400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7% Total -CH -SUPPLIES & MATERIALS 400.00 400.00 - 2,800.00 2,800.00 - 4,800.00 2,000.00 41.7% 65 -CH -UTILITIES 6507836 Utilities -Natural Gas - 1,000.00 (1,000.00) 4,581.84 7,000.00 (2,418.16) 12,000.00 7,418.16 61.8% 6507840 Utilities -Telephone 1,593.67 1,750.00 (156.33) 11,570.55 12,250.00 (679.45) 21,000.00 9,429.45 44.9% 6507842 Utilities -Water 583.46 321.00 262.46 4,018.88 2,247.00 1,771.88 3,852.00 (166.88) -4.3% 6507844 Utilities -Cable 409.29 380.00 29.29 3,150.33 2,660.00 490.33 4,560.00 1,409.67 30.9% Total -CH -UTILITIES 2,586.42 3,451.00 (864.58) 23,321.60 24,157.00 (835.40) 41,412.00 18,090.40 43.7% 65 -CH -OTHER EXPENSES 6509091 Contract Services -Cleaning 3,269.92 2,850.00 419.92 21,759.15 19,950.00 1,809.15 34,200.00 12,440.85 36.4% 6509099 Contract Services -Security 6,868.40 6,800.00 68.40 53,912.20 47,600.00 6,312.20 81,600.00 27,687.80 33.9% 6509215 Flowers & Decorations - 500.00 (500.00) - 1,000.00 (1,000.00) 1,900.00 1,900.00 100.0% 6509490 Miscellaneous -- - - - - - - 0.0% 6509718 Safety Equipment & Training - 100.00 (100.00) - 700.00 (700.00) 1,200.00 1,200.00 100.0% Total--CH-OTHER EXPENSES 10,138.32 10,250.00 (111.68) 75,671.35 69,250.00 6,421.35 118,900.00 43,228.65 36.4% 65 -CH -REPAIRS & MAINTENANCE 6515685 CH -R&M -Building Structures 427.75 300.00 127.75 3,330.20 2,100.00 1,230.20 3,600.00 269.80 7.5% 6515686 CH -R&M -Restaurant Repairs - 700.00 (700.00) - 4,900.00 (4,900.00) 8,400.00 8,400.00 100.0% 6515690 CH -R&M -Equipment Repair 677.13 700.00 (22.87) 984.36 4,900.00 (3,915.64) 8,400.00 7,415.64 88.3% Total -CH -REPAIRS & MAINTENANCE 1,104.88 1,700.00 (595.12) 4,314.56 11,900.00 (7,585.44) 20,400.00 16,085.44 78.9% Total CLUBHOUSE 14,229.62 15,801.00 (1,571.38) 106,107.51 108,107.00 (1,999.49) 185,512.00 32,170.88 17.3% 6 7 SilverRock Resort Marketing Expense Statement January 2024 Month to Date Year to Date Annual Budget January Annual 2024 Final Budget Variance Final Budget Variance Budget Unemcumb. % Budget Expense 66-MKT-SALARIES & BENEFITS 6601320 Insurance-Group 387.00 387.00 - 767.00 774.00 (7.00) 2,709.00 1,942.00 71.7% 6601325 Insurance-Workers Comp 100.00 102.00 (2.00) 502.00 714.00 (212.00) 1,220.00 718.00 58.9% 6601720 Salaries 1,250.00 1,250.00 - 9,375.00 8,750.00 625.00 15,000.00 5,625.00 37.5% 6601800 Tax-Employer Payroll 122.00 122.00 - 1,015.00 854.00 161.00 1,463.00 448.00 30.6% Total-MKT-SALARIES & BENEFITS 1,859.00 1,861.00 (2.00) 11,659.00 11,092.00 567.00 20,392.00 8,733.00 42.8% 66-MKT-SUPPLIES & MATERIALS 6603762 Supplies-Office- 100.00 (100.00) 181.73 700.00 (518.27) 1,200.00 1,018.27 84.9% 6603768 Supplies-Printing & Stationery - 200.00 (200.00) 6,145.23 3,800.00 2,345.23 4,425.00 (1,720.23) -38.9% Total-MKT-SUPPLIES & MARKETING - 300.00 (300.00) 6,326.96 4,500.00 1,826.96 5,625.00 (701.96) -12.5% 66-MKT-UTILITIES 6607840 Utilities -Telephone 192.12 100.00 92.12 1,275.75 700.00 575.75 1,200.00 (75.75) -6.3% Total-MKT-UTILITIES 192.12 100.00 92.12 1,275.75 700.00 575.75 1,200.00 (75.75) -6.3% 66-MKT-OTHER EXPENSES 6609010 Advertising 9,434.99 16,461.00 (7,026.01) 53,853.27 71,622.00 (17,768.73) 129,762.00 75,908.73 58.5% 6609040 Business Meals - 25.00 (25.00) - 175.00 (175.00) 300.00 300.00 100.0% 6609080 Collateral Material 1,320.03 500.00 820.03 9,485.18 2,000.00 7,485.18 5,500.00 (3,985.18) -72.5% 6609102 Contract Services -Web Page- 150.00 (150.00) - 1,050.00 (1,050.00) 1,800.00 1,800.00 100.0% 6609150 Dues & Subscriptions- 35.00 (35.00) - 35.00 (35.00) 350.00 350.00 100.0% 6609620 Postage- 50.00 (50.00) - 150.00 (150.00) 600.00 600.00 100.0% 6609490 Miscellaneous- 50.00 (50.00) - 350.00 (350.00) 700.00 700.00 100.0% 6609630 Promotion- 500.00 (500.00) - 500.00 (500.00) 2,250.00 2,250.00 100.0% 6609633 Promotion-Cummunity- 75.00 (75.00) - 1,875.00 (1,875.00) 1,000.00 1,000.00 100.0% 6609634 Promotion-MediaNendor 1,040.40 300.00 740.40 1,040.40 450.00 590.40 735.00 (305.40) -41.6% 6609820 Uniforms 171.37 50.00 121.37 230.63 450.00 (219.37) 600.00 369.37 61.6% Total-MKT-OTHER EXPENSES 11,966.79 18,196.00 (6,229.21) 64,609.48 78,657.00 (14,047.52) 143,597.00 78,987.52 55.0% TOTAL MARKET/NG 14,017.91 20,457.00 (6,439.09) 83,871.19 94,949.00 (11,077.81)1 170,814.00 86,942.81 50.9% 7 SilverRock Resort General and Administrative Expense Statement January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance m Final Budget Variance Annual Budget Unemcumb. %Budget Expense 4,679.09 3,117.00 1,562.09 1,950.00 1,951.00 (1.00) 16,749.60 20,141.00 (3,391.40) 2,971.99 2,338.00 633.99 5,685.21 3,840.00 1,845.21 7.59 - 7.59 28,096.98 21,819.00 6,277.98 13,443.84 14,498.00 (1,054.16) 129,584.00 140,987.00 (11,403.00) 15,874.48 17,377.00 (1,502.52) 52,908.22 37,248.00 15,660.22 45.61 - 45.61 37,404.00 9,307.02 24.9% 24,251.00 10,807.16 44.6% 266,243.00 136,659.00 51.3% 29,069.00 13,194.52 45.4% 31,900.00 (21,008.22) -65.9% - - 67 -G&A -SALARIES & BENEFITS 6701320 Insurance -Group 6701325 Insurance -Workers Comp 6701720 Salaries 6701800 Taxes -Employer Payroll 6701880 Wages -Hourly 6701882 Wages -Overtime Total-G&A-SALAR/ES & BENEFITS 32,043.48 31,387.00 656.48 239,953.13 231,929.00 8,024.13 388,867.00 148,913.87 38.3% 67 -G&A -SUPPLIES & MATER/ALS 269.35 500.00 (230.65) 33.65 105.00 (71.35) 579.56 400.00 179.56 1,409.77 3,500.00 (2,090.23) 513.43 735.00 (221.57) 1,527.31 1,300.00 227.31 6,300.00 4,890.23 77.6% 1,260.00 746.57 59.3% 3,300.00 1,772.69 53.7% 6703740 Supplies -Computer 6703762 Supplies -Office 6703768 Supplies -Printing & Stationery Total -G&A -SUPPLIES & MATER/ALS 882.56 1,005.00 (122.44) 3,450.51 5,535.00 (2,084.49) 10,860.00 7,409.49 68.2% 67 -G&A -REPAIRS & MAINTENANCE 1,900.00 1,900.00 100.0% - 100.00 (100.00) - 1,400.00 (1,400.00) 6705690 Repairs & Maintenance -Equipment Total -G&A -REPAIRS & MAINTENANCE 1,900.00 1,900.00 100.0% - 100.00 (100.00) - 1,400.00 (1,400.00) 67 -G&A -OTHER EXPENSES 3,500.00 3,500.00 - 383.06 600.00 (216.94) 965.01 800.00 165.01 5,661.55 3,850.00 1,811.55 382.78 630.00 (247.22) 10,147.00 7,000.00 3,147.00 - 350.00 (350.00) 8,094.95 5,500.00 2,594.95 730.18 525.00 205.18 9,950.39 16,500.00 (6,549.61) 94.61 700.00 (605.39) 953.78 2,400.00 (1,446.22) - 100.00 (100.00) 1,416.11 675.00 741.11 500.00 500.00 - 149.77 100.00 49.77 280.00 150.00 130.00 918.26 550.00 368.26 68.43 90.00 (21.57) 3,436.31 1,000.00 2,436.31 - 50.00 (50.00) (4.16) 100.00 (104.16) 201.00 75.00 126.00 1,044.00 3,500.00 (2,456.00) - 100.00 (100.00) - 1,200.00 (1,200.00) -- - 766.01 75.00 691.01 6,000.00 2,500.00 41.7% 1,550.00 1,166.94 75.3% 1,200.00 234.99 19.6% 6,600.00 938.45 14.2% 1,080.00 697.22 64.6% 12,000.00 1,853.00 15.4% 600.00 600.00 100.0% 6,000.00 (2,094.95) -34.9% 900.00 169.82 18.9% 28,000.00 18,049.61 64.5% 1,200.00 1,105.39 92.1% 3,400.00 2,446.22 71.9% 1,100.00 1,100.00 100.0% 1,050.00 (366.11) _34.9% 6709020 Auto/Mileage Allowance 6709150 Dues & Subscriptions 6709180 Employee Recruiting/Relocation 6709197 Equipment Rental 6709202 Fees -Bank 6709208 Fees -Payroll Processing 6709220 Freight/Delivery 6709490 Miscellaneous 6709620 Postage/Mail Services 6709625 Expense Professional Fees 6709636 Promotion/Entertainment 6709722 Seminars & Training 6709810 Travel 6709820 Uniforms Total -G&A -OTHER EXPENSES 42,279.42 43,130.00 (850.58) 7,359.62 7,490.00 (130.38) 70,680.00 28,400.58 40.2% Total -GENERAL & ADMINISTRATIVE 40,285.66 39,982.00 303.66 472,307.00 186,623.94 39.5% 285,683.06 281,994.00 3,689.06 8 Silverrock Resort Operating Leases & Miscellaneous Other Expense Statement January 2024 Month to Date Year to Date Annual Budget January 2024 Final Budget Variance Final Budget Variance Annual Budget Unemcumb. % Budget Expense 10,465.09 14,000.00 (3,534.91) 18,310.28 18,150.00 160.28 2,640.00 2,750.00 (110.00) 1,057.47 1,950.00 (892.53) 73,255.63 84,344.00 (11,088.37) 128,171.96 127,050.00 1,121.96 18,480.00 19,250.00 (770.00) 7,316.26 10,450.00 (3,133.74) 154,344.00 81,088.37 52.5% 217,800.00 89,628.04 41.2% 33,000.00 14,520.00 44.0% 20,200.00 12,883.74 63.8% 68 -LEASES 6800192 Equipment Leases -Carts 6800193 Equipment Leases -Maintenance 6800196 Equipment Leases -GPS 6800197 Equipment Leases -Others Total -LEASES 32,472.84 36,850.00 (4,377.16) 227,223.85 241,094.00 (13,870.15) 425,344.00 198,120.15 46.6% 69-M/SC OTHER EXPENSES 10,892.00 10,892.00 - 10,727.38 9,619.00 1,108.38 6,408.63 8,917.00 (2,508.37) - - - 130,704.00 54,460.00 41.7% 82,217.00 44,673.12 54.3% 107,000.00 58,269.90 54.5% 11,800.00 (3,468.68) -29.4% 76,244.00 76,244.00 - 37,543.88 36,514.00 1,029.88 48,730.10 62,419.00 (13,688.90) 15,268.68 11,800.00 3,468.68 6900096 Contract Srvcs-Management Fee 6900210 FF&E Reserve 6900323 Insurance -Commercial 6900800 Personal Property Taxes Total--M/SC OTHER EXPENSES 28,028.01 29,428.00 11,399.99) 177,786.66 186,977.00 (9,190.34) 331,721.00 153,934.34 46.4% 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 6 VIP Celebrity PGA Comp 13 Charity/Gift Certificate 4 Rain/Wind Checks 10 Club Staff 33 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 4 60 0 0 0 0 0 10