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Annual Plan FY 2026-2027 SilverRock Resort
City of La Quinta CITY COUNCIL MEETING: May 5, 2026 STAFF REPORT AGENDA TITLE: APPROVE SILVERROCK RESORT 2026/27 ANNUAL PLAN RECOMMENDATION Approve the SilverRock Resort 2026/27 Annual Plan. EXECUTIVE SUMMARY •Landmark Golf Management LLC (Landmark) manages the SilverRock Resort golf course and is required to provide an annual operations plan for Council’s review and approval. •The SilverRock 2026/27 Annual Plan (Plan) (Attachment 1) reflects the projected number of rounds, revenues, and operation costs. •The golf operations are projected to have a net loss of approximately $292,000 due to several factors including increased operational expenses, allocation of resident card sales revenue, and continued impacts from on-site construction, notably affecting food and beverage operations. FISCAL IMPACT The General Fund is projected to subsidize $500,000 for the overall fiscal year (FY) 2026/27 SilverRock expenses. The projected golf operations expenses (not including City staff oversight costs) are $5,767,243 and projected golf operations revenue is $5,475,467, for a net loss of $291,776. The City will also fund $350,000 for golf course and non-golf course management/oversight by City staff and will recognize $150,000 in resident card revenue, which is not currently listed in the Plan. All revenue and expenses will be included in the proposed FY 2026/27 City Budget. SilverRock Golf Course FY 2026/27 Operations Revenue $5,475,467 Operations Budget -$5,767,243 Net Revenue ($291,776) SilverRock Property Management/Oversight FY 2026/27 General Fund Advance $500,000 City Management/Oversight -$350,000 Resident Card Revenue $150,000 Golf Course Net Revenue -$291,776 Final Surplus/(Deficit) $8,224 BUSINESS SESSION ITEM NO. 4 147 BACKGROUND/ANALYSIS In July 2013, the City entered into a Golf Course Management Agreement (Agreement) with Landmark. The Agreement requires an annual plan for golf operations. The Plan provides projected annual revenues and expenses, department costs, staffing and service levels. In 2023, Council approved Amendment No. 6 to the Agreement, extending the term through June 30, 2026. In 2024, Amendment No. 7 was executed to raise the advance amount established in Section 5.1 Golf Course accounts by $50,000 to a total of $300,000. Amendment 8, under consideration via a separate Business Item, if approved, will extend the term for three years, through June 30, 2029. The Plan forecasts continuing the food service from the Ahmanson House and continuing the pro-shop from the temporary club house until the permanent club house opens. Additional assumptions include: • 44,745 rounds of play with an average projected revenue of $113.08 per round, based on the total revenue divided by the total rounds. The average green fee is $103.96. The difference between revenue per round and the average green fee is the additional revenue generated from merchandise sales, and revenue from the driving range, including lessons. Revenue from the food and beverage operations is not included. • No increase to the minimum wage is projected at this time. • Continuing the 2% annual contribution of approximately $93,000 to the capital reserve as contained in Amendment No. 2 to the Agreement. The current balance of the capital reserve is about $500,000. • Increasing the annual management fee by 5% pursuant to Amendment No. 8, if approved. The proposed advertising budget is $116,187 and is included in the Marketing Department expenses ($174,968) on page 18 of the Plan. SilverRock will continue to be promoted as a premier golf destination, especially during hotel construction, via the internet, newspapers, magazines, directories, television, and radio. ALTERNATIVES Council may direct staff to make modifications to the Annual Plan. Prepared by: Claudia Martinez, Finance Director/City Treasurer Approved by: Jon McMillen, City Manager Attachment: 1. SilverRock Resort 2026/27 Annual Plan 148 SilverRock Resort-Arnold Palmer Classic Course 2026-2027 ANNUAL PLAN Prepared For: City of La Quinta SilverRock Resort Prepared By: Landmark Golf Management Submitted: March 13, 2026 ATTACHMENT 1 149 SILVERROCK RESORT Annual Plan Fiscal Year 2026-2027 Table of Contents Part I-Project Overview Project Fact Sheet 1 Mission Statement 2 Philosophy Statement 3 Organizational Chart 4 Key Employee Staffing 5 Part II-Assumptions 2026-2027 Assumptions 6, 7, 8, 9 Part III-Operational Financial Projections 2026-2027 Consolidated Income Statement 10 Part IV-Department Detail Golf Rounds and Revenue 11 Golf Shop / Merchandise 12 Carts, Bagroom & Range 13 Course Services 14 Golf Course Maintenance 15, 16 General & Administrative 17 Marketing 18 Clubhouse 19 Miscellaneous 20 Part V-Food and Beverage Department Detail 21 Part VI-Other Marketing Narrative Plan 22, 23, 24 150 COURSE NAME SilverRock Resort-Arnold Palmer Classic Course ADDRESS 79-179 Ahmanson Lane, La Quinta, Ca. 92253 TELEPHONE 1-888-600-7272 1-760-777-8884 WEBSITE WWW.SILVERROCK.ORG MANAGEMENT Randy Duncan, PGA, Director of Golf / General Manager Chris Hoyer, Golf Course Superintendent COURSE YARDAGE SILVER 7,239 PAR 72 GOLD 6,809 PAR 72 BLUE 6,313 PAR 72 WHITE 5,669 PAR 72 GREEN 5,089 PAR 72 RED 4,542 PAR 72 GRASS TYPES GREENS:TIF DWARF / MINIVERDE FAIRWAY / TEES:TIF SPORT / 419 / LATITUDE 36 ROUGHS:TIF SPORT / 419 / LATITUDE 36 OWNER CITY OF LA QUINTA MANAGED BY LANDMARK GOLF MANAGEMENT, LLC 74-947 HIGHWAY 111, SUITE 215 INDIAN WELLS, CA 92210 PHONE: (760) 776-6688 DATE COURSE OPENED February 14, 2005 PROJECT FACT SHEET 03/18/2026 1 151 SILVERROCK RESORT Annual Plan Fiscal Year 2026-2027 Mission Statement “TO BE THE BEST” “TO HAVE THE BEST GOLF FACILITIES” “TO HAVE THE BEST GOLF COURSE CONDITIONS” “TO PROVIDE THE BEST SERVICE” SilverRock Resort is dedicated to providing the finest public golf experience. All Staff Members of the facility play an important role in our Mission. Staff is supported through training and resources to ensure success. SilverRock Resort aspires to represent ownership and management with the highest standard of service in the Golf/Resort Industry and produce superior golf course conditions to meet and exceed the goals. Goals and Objectives: To support our Mission Statement and to achieve the projected Annual Plan; SilverRock Resort will pursue the following goals and objectives: To hire and train staff members that will provide a high standard of guest services and maintain the highest level of course conditions To maintain and pursue an aggressive Marketing Plan that benefits/acknowledges the La Quinta Residents, local residents, avid tourist golfers and golfing public To have each Department operate within their annual budget allowing SilverRock Resort to reach the net operating goals 03/18/2026 2 152 SILVERROCK RESORT Annual Plan Fiscal Year 2026-2027 PHILOSOPHY STATEMENT After twenty one and a half years of operations, an Annual Plan accommodated the operational start-up through and including grow-in, final construction of the Arnold Palmer Classic Course, a notable Grand Opening Celebration and four successful years as one of the home courses of the Bob Hope Classic. As the 2026-2027 Annual Plan is implemented, SilverRock will embark on its 22nd year of operations. Focus will continue to be on broadening the awareness, marketability and noteworthiness of SilverRock Resort’s Arnold Palmer Classic Course, golf facilities and amenities. The philosophy that Landmark Golf Management perpetuates at SilverRock Resort is: an operation that allows management to utilize golf industry best-practices in accommodating market-driven demands as market shifts may occur. Each golf course facility has its own personality and characteristics; therefore, each golf operation is unique to some degree and should be managed with personality and characteristics taken into consideration. Golf operators that adjust procedures to short and long term market and industry fluctuations are better suited to maximize opportunities. In this upcoming twelve months of operations, Landmark Golf Management will put forth every effort to best position SilverRock Resort as a place to frequent in the eyes and minds of the influential decision makers in the world of golf. BRAND PROMISE Discover the mystique of SilverRock Resort, the crown jewel of La Quinta and its golf legacy. Rich in both history and legend, the majestic Santa Rosa Mountains frame an unwavering commitment to an exceptional experience at SilverRock Resort. Our Promise: Exceptional in All, For All, Always. 03/18/2026 3 153 Annual Plan 2025-2026 SRR.xls Asst. Golf Professionals Golf Shop Buyer Sales Associates Carts/Bag Room Shuttle/Valet Starters/Rangers Driving Range Guest / Outside Service Outside Services Manager Golf Shop Head Golf Professional Asst. Superintendent Mechanic(s) Irrigation Technician Spray Technician Greenskeeper(s) Administrative Asst. Golf Course Maintenance Superintendent Admin. Asst. To Controller & GM Accounting Controller / Human Resources Restaurant F&B Server(s) / Cart Attendent(s) Food & Beverage F&B Manager Marketing & Sales Tournament Sales Manager SilverRock - Randy Duncan General Mgr. / Director of Golf Landmark Golf Management Management Team City Manager City of La Quinta City Council & Staff 03/18/2026 4 154 RUN DATE: 13-Mar-26 Key Employee Staffing PREPARED BY: DEPARTMENT SUMMARY JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. GOLF OPERATION OUTSIDE SERVICES OUTSIDE SERVICES MANAGER (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 OUTSIDE SERVICES SUPERVISORS (FULL-TIME)1 1 1 1 1 1 1 1 1 1 1 1 DRIVING RANGE (PART-TIME)1 1 1 1 1 1 2 2 2 2 1 1 CART/BAG/VALET/BAG DROP (FULL-TIME)1 1 1 1 1 1 1 1 1 1 1 1 CART/BAG/VALET/BAG DROP (PART-TIME)3 3 4 6 9 9 9 9 9 9 8 6 SHUTTLE DRIVER (PART-TIME)1 1 1 1 2 2 2 2 2 2 0 0 8 8 9 11 15 15 16 16 16 16 12 10 GOLF SHOP HEAD GOLF PROFESSIONAL (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 1ST ASSISTANT PROFESSIONAL (FULL TIME) 0 0 0 0 0 0 0 0 0 0 0 0 MERCHANDISER (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 ASSISTANT PROFESSIONAL (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 SALES CLERKS (FULL TIME)0 0 0 0 1 1 1 1 1 1 0 0 SALES CLERKS (PART TIME)2 2 3 4 4 4 4 4 4 4 4 4 5 5 6 7 8 8 8 8 8 8 7 7 (FULL TIME HEALTH BENEFITS)3 3 3 3 4 4 4 4 4 4 3 3 COURSE SERVICES STARTERS (PART TIME)3 3 3 3 5 5 5 5 5 5 5 3 RANGER/MARSHALS (PART TIME)1 1 1 1 5 5 5 5 5 5 4 3 4 4 4 4 10 10 10 10 10 10 9 6 GOLF COURSE MAINTENANCE SUPERINTENDENT (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 ASST SUPERINTENDENT (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 FOREMAN/SPRAY TECHNICIAN (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 HEAD MECHANIC / FACILITY MANAGER (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 ASST MECHANIC (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 HEAD IRRIGATOR (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 ASST IRRIGATOR (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 GREENKEEPERS (FULL TIME)15 15 15 15 15 15 15 15 15 15 15 15 GRENSKEEPERS (PART TIME)0 0 0 0 0 0 0 0 0 0 0 0 TOTAL TURF & ADMIN STAFF 22 22 22 22 22 22 22 22 22 22 22 22 (FULL TIME HEALTH BENEFITS) FOOD & BEVERAGE F & B MANAGER / SUPERVISOR (FULL TIME)0 0 0 0 0 0 0 0 0 0 0 0 CHEF (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 COOK (FULL TIME)1 1 1 1 1 2 2 2 2 2 1 1 PREP COOK (PART TIME)0 0 0 1 2 2 3 3 3 3 2 0 LEAD SERVER (FULL-TIME)1 1 1 1 1 1 1 1 1 1 1 1 F & B WAIT/BEVERAGE CART/HALF(FULL TIME) 1 1 1 1 1 1 1 1 1 1 1 1 F & B WAIT/BEVERAGE CART/HALF(PART TIME) 2 2 2 1 3 4 4 4 4 3 2 1 BUSER / DISHWASHER (PART TIME)0 0 1 0 1 1 1 1 1 1 1 0 6 6 7 6 10 12 13 13 13 12 9 5 G & A DIRECTOR OF GOLF/GM (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 CLUB CONTROLLER (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 ADMINISTRATIVE ASSISTANT (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 CONSULTANT TO CONTROLLER 0 0 0 0 0 0 0 0 0 0 0 0 3 3 3 3 3 3 3 3 3 3 3 3 MARKETING/TOURNAMENT TOURNAMENT SALES / GROUP COORDINATOR (FULL TIME)1 1 1 1 1 1 1 1 1 1 1 1 TOTAL EMPLOYEES 49 49 52 54 69 71 73 73 73 72 63 54 2026-2027 ANNUAL PLAN Landmark Golf Management 03/18/2026 5 155 Revenue & Operations Overview Assumptions General Operations It is assumed that all hotel and commercial construction will remain paused during the 2026–2027 fiscal year. This ongoing “paused” construction will continue to negatively impact golf course operations throughout the summer of 2026 and the entire 2026–2027 season. As a result, maximum revenue potential will not be achieved due to unsightly construction fencing, temporary facilities, and limited clubhouse amenities. Additionally, restricted access to the Ahmanson Ranch House and parking areas is expected to reduce Food & Beverage sales for the fiscal year. Despite these challenges, every effort will be made to provide the best possible guest experience at SilverRock. The Permanent Clubhouse is not expected to open during the 2026–2027 fiscal year. Golf operations will continue to be conducted out of temporary clubhouse facilities (double-wide trailers) located in the “dog bone” area near the hole #2 tee boxes. The SilverRock Grill will remain operational at the existing Ahmanson Clubhouse until the new facility opens. SilverRock is scheduled to host the 2026 La Quinta Ironman on Sunday, December 6, 2026, requiring a full-course closure for the day. This one-day revenue loss has been factored into the 2026-2027 Annual Plan. Re-Grassing Project – Back 9 Turf renovation on the Back 9 is scheduled to begin in early summer 2026 and continue through the third week of August. The current TifSport turf will be replaced with a more drought-tolerant Bermuda grass variety known for faster transition. The Back 9 will be closed throughout July and most of August. If the grow-in progresses as planned, all 18 holes will reopen by the last week of August 2026. To maintain an 18-hole experience, players will be able to play the Front 9 twice during this period. Golf Operations & Merchandise Hours of Operation (July–August): o Last tee time: 12:50 p.m. o Golf Shop open: 6:00 a.m. – 2:00 p.m. 03/18/2026 6 156 Merchandise sales will be negatively affected by reduced traffic due to construction, especially from July through October 2026. Food & Beverage The Ahmanson Ranch House and SilverRock Grill will operate with limited access and reduced hours from summer 2026 through September 2026. Green Fees Green fees include use of a golf cart and warm-up range balls. An average rate of $103.96 per round is projected, based on 44,745 annual paid rounds. Non-resident rates are expected to increase by approximately 3-5%, subject to market conditions. Rates will be adjusted dynamically based on demand and utilization. La Quinta Resident Rates (unchanged): o High Season: $60 o Shoulder Season: $49 o Summer Season: $35 Resident Guest Policy: Guests accompanying a La Quinta Resident receive 30% off posted rates (excluding twilight and discounted rates). Booking remains at three (3) days in advance, same as resident cardholders. Closures & Maintenance Overseeding: October 12 – October 30, 2026 o Course closed during these dates; revenue reduction accounted for in projections. Aerification: Scheduled for August 2026 and June 2027 o Revenue reduced for 5–7 days per cycle. Greens Fee Mix Projected breakdown of green fee sources: 33% La Quinta Residents 25% Public 10% Public Twilight 03/18/2026 7 157 32% Other (tournaments, wholesalers, juniors, guest replays, discounts) Other Revenue Miscellaneous Revenue: $3.94/round from club rentals, repairs, handicap fees, driving range, rider fees, and teaching pros. Golf Shop Merchandise: $5.17/round in retail sales. Resident Card Fees: Resident card renewals will be handled by the Wellness Center. Revenue of ~$165,000 will be excluded from SilverRock’s projections. Cost of Goods Sold Merchandise: 55% Food & Beverage: 33% Expense Overview Labor & Staffing Minimum Wage: No increase is projected. Golf Carts/Bag Room/Driving Range: Includes staffing and operational supplies. Shuttle service remains due to distance between temporary clubhouse and practice areas. Golf Shop: Includes golf pros, merchandise staff, receiving, and operations. Course Services: Rangers/starters and related expenses. Maintenance: Includes superintendent and crew compensation, supplies, and seasonal cost increases due to overseeding. Education and training costs are also budgeted. Utilities Water & Electrical: Budgeted under Maintenance. Annual Electricity Costs: $236,340, covering: o Front entry waterfalls o Well pump o Pump station o Lake circulation systems o Cart storage o Both clubhouses 03/18/2026 8 158 Food & Beverage Includes all temporary clubhouse staffing and operational expenses. Landmark Golf Management will continue managing F&B under a separate agreement, including the liquor license arrangement. Marketing Covers marketing, PR, advertising, website management, collateral, and tournament sales. (Refer to pages 22–24 for the Marketing Plan Narrative.) Facilities & Management Clubhouse: Includes janitorial, landscaping, parking lot upkeep, and roving patrol for site security. Management Fee: Per the Management Agreement, Landmark’s monthly fee will increase 5% to $12,607. Insurance: Includes general liability and golf equipment coverage. Property/business interruption insurance excluded. G&A: Covers salaries for General Manager, Controller, and Admin Assistant, as well as professional fees, payroll services, and equipment rentals. Personal Property Lease Tax: Only taxes on purchased/leased equipment are included. Capital Reserves: 2% of green fees set aside, per City of La Quinta directive. Equipment Leases & Other Golf Carts: No lease expense due to City’s 2024 purchase of a new fleet. GPS Lease: Monthly cost is $5,138 for the GPS system on all carts. 03/18/2026 9 159 2026-2027 ANNUAL PLAN SilverRock Resort CONSOLIDATED INCOME STATEMENT RUN DATE: 13-Mar-26 09:05 AM FOR FISCAL YEAR - JULY 2026 - JUNE 2027 PREPARED BY: Landmark Golf Management DEPARTMENT BUDGET JUL.AUG.SEP.OCT.NOV. DEC.JAN.FEB. MAR.APR.MAY JUN. ROUNDS ROUNDS 44,745 650 650 2,400 2,000 5,250 4,700 4,900 5,300 6,200 4,995 4,800 2,900 REVENUE GREEN FEES 4,651,692 30,648 30,648 164,400 139,100 569,888 449,320 548,800 714,175 844,750 530,469 445,200 184,295 MISC. REV/RANGE/CARTS/RENTALS 176,460 4,150 3,550 4,150 1,150 18,000 22,300 27,350 28,500 29,100 21,645 11,420 5,145 GOLF SHOP MERCHANDISE 231,403 1,300 1,300 4,800 5,000 26,250 25,850 26,950 34,450 40,300 27,473 23,520 14,210 FOOD & BEVERAGE 756,308 4,550 4,680 23,520 18,000 88,200 78,960 99,862 106,265 125,860 98,901 75,900 31,610 TOTAL REVENUE 5,815,862 40,648 40,178 196,870 163,250 702,338 576,430 702,962 883,390 1,040,010 678,488 556,040 235,260 COST OF SALES PRO SHOP 129,516 728 728 2,687 2,799 14,692 14,468 15,084 19,282 22,556 15,376 13,164 7,953 FOOD & BEVERAGE 210,879 1,164 1,245 6,486 5,404 24,329 21,780 27,847 29,799 35,179 27,123 21,260 9,264 TOTAL COST OF SALES 340,395 1,892 1,972 9,173 8,203 39,021 36,248 42,931 49,081 57,735 42,499 34,424 17,217 GROSS PROFIT 5,475,467 38,756 38,205 187,697 155,048 663,317 540,182 660,031 834,309 982,275 635,988 521,616 218,043 OPERATING EXPENSES GOLF CARTS\BAGS\RANGE 491,470 26,698 26,898 27,883 25,196 60,615 44,175 51,082 51,282 50,707 50,407 41,023 35,502 GOLF SHOP 297,071 15,806 15,806 16,834 13,685 29,225 30,435 32,704 31,189 31,189 30,659 27,586 21,952 COURSE SERVICES 139,002 4,170 4,170 4,709 1,000 15,940 16,115 16,862 16,811 16,811 17,136 15,128 10,152 GOLF COURSE MAINTENANCE 2,250,151 186,449 166,633 178,633 336,189 174,116 176,708 172,008 169,925 167,039 195,531 160,596 166,323 WATER & ELECTRIC COST 333,584 27,130 26,130 27,380 28,180 33,620 25,025 26,920 25,840 26,870 29,840 30,230 26,419 GENERAL & ADMINISTRATIVE 592,698 47,854 47,904 49,104 49,854 49,554 52,854 50,204 49,254 49,254 48,954 48,754 49,154 MARKETING 174,968 5,787 5,787 8,632 14,487 19,457 18,572 23,777 21,422 22,097 13,902 12,647 8,402 CLUBHOUSE 174,876 14,248 14,248 14,248 16,748 14,248 14,248 14,748 14,248 14,748 14,248 14,248 14,648 MANAGEMENT FEE 151,284 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 CAPITAL RESERVES 93,034 613 613 3,288 2,782 11,398 8,986 10,976 14,284 16,895 10,609 8,904 3,686 INSURANCE 90,744 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 PERSONAL PROPERTY LEASE TAXES 6,000 6,000 0 0 0 0 0 0 0 0 0 0 0 LEASES 354,456 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 FOOD & BEVERAGE 617,906 36,325 35,275 39,439 22,473 54,192 63,006 74,472 71,652 73,097 62,573 50,666 34,737 TOTAL OPERATING EXPENSES 5,767,243 420,786 393,171 419,858 560,301 512,072 499,831 523,460 515,614 518,415 523,567 459,489 420,680 NET INCOME (291,776)(382,031) (354,966) (232,160) (405,253) 151,245 40,351 136,571 318,695 463,861 112,422 62,127 (202,637) NET INCOME %-5.0%-939.9% -883.5% -117.9% -248.2% 21.5% 7.0% 19.4% 36.1% 44.6% 16.6% 11.2% -86.1% Average Green Fee $103.96 $47.15 $47.15 $68.50 $69.55 $108.55 $95.60 $112.00 $134.75 $136.25 $106.20 $92.75 $63.55 Average $ Misc. Income per Rd $3.94 $6.38 $5.46 $1.73 $0.58 $3.43 $4.74 $5.58 $5.38 $4.69 $4.33 $2.38 $1.77 Average $ Merchandise per Rd $5.17 $2.00 $2.00 $2.00 $2.50 $5.00 $5.50 $5.50 $6.50 $6.50 $5.50 $4.90 $4.90 Total Average Revenue per Round $113.08 $62.53 $61.81 $82.03 $81.63 $133.78 $122.64 $143.46 $166.68 $167.74 $135.83 $115.84 $81.12 03/18/2026 10 160 2026-2027 ANNUAL PLAN SilverRock Resort RUN DATE: 13-Mar-26 09:05 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management0.60 0.40 Golf Rounds Total JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. Resident Rnds (Weekday)7,607 111 111 408 340 893 799 833 901 1054 849 816 493 Resident Rnds (Weekend)5,817 85 85 312 260 683 611 637 689 806 649 624 377 Sub-Total Resident Rnds 13,424 195 195 720 600 1575 1410 1470 1590 1860 1499 1440 870 % of Total 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 0.30 Public Rnds (Weekday)8,949 130 130 480 400 1050 940 980 1060 1240 999 960 580 Public Rnds (Weekend)6,712 98 98 360 300 788 705 735 795 930 749 720 435 Sub-Total Public Rnds 15,661 228 228 840 700 1838 1645 1715 1855 2170 1748 1680 1015 % of Total 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 Public Twi (Weekday)4,922 72 72 264 220 578 517 539 583 682 549 528 319 Public Twi (Weekend)4,027 59 59 216 180 473 423 441 477 558 450 432 261 Sub-Total Twilight Rnds 8,949 130 130 480 400 1050 940 980 1060 1240 999 960 580 % of Total 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 0.20 Other (Weekday)4,027 59 59 216 180 473 423 441 477 558 450 432 261 Other (Weekend)2,685 39 39 144 120 315 282 294 318 372 300 288 174 Sub-Total Other 6,712 98 228 840 700 1838 1645 1715 1855 2170 1748 1680 1015 % of Total 0.15 0.15 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35 0.35Total Rounds 44,745 650 650 2,400 2,000 5,250 4,700 4,900 5,300 6,200 4,995 4,800 2,900 0.45 2,101 1,781 2,473 434 5,223 4,650 5,331 5,306 6,199 #REF!#REF!#REF! Green Fees 0.55 Resident Rnds (Weekday)33.00$ 33.00$ 45.00$ 49.00$ 49.00$ 49.00$ 60.00$ 60.00$ 60.00$ 49.00$ 49.00$ 49.00$ Resident Rnds (Weekend)33.00$ 33.00$ 45.00$ 49.00$ 49.00$ 49.00$ 60.00$ 60.00$ 60.00$ 49.00$ 49.00$ 49.00$ Public Rnds (Weekday)55.00$ 55.00$ 75.00$ 75.00$ 150.00$ 120.00$ 140.00$ 190.00$ 190.00$ 145.00$ 125.00$ 69.00$ Public Rnds (Weekend)60.00$ 60.00$ 95.00$ 85.00$ 155.00$ 120.00$ 150.00$ 200.00$ 210.00$ 155.00$ 135.00$ 85.00$ Public Twi (Weekday)45.00$ 45.00$ 65.00$ 80.00$ 110.00$ 100.00$ 120.00$ 135.00$ 135.00$ 110.00$ 95.00$ 65.00$ Public Twi (Weekend)50.00$ 50.00$ 75.00$ 80.00$ 115.00$ 115.00$ 130.00$ 145.00$ 145.00$ 115.00$ 100.00$ 75.00$ Other (Weekday)50.00$ 50.00$ 75.00$ 70.00$ 125.00$ 115.00$ 120.00$ 135.00$ 135.00$ 110.00$ 85.00$ 50.00$ Other (Weekend)55.00$ 55.00$ 85.00$ 80.00$ 115.00$ 120.00$ 130.00$ 145.00$ 145.00$ 115.00$ 95.00$ 65.00$ Golf Revenue Resident Rnds (Weekday) 398,226 3,647$ 3,647$ 18,360$ 16,660$ 43,733$ 39,151$ 49,980$ 54,060$ 63,240$ 41,608$ 39,984$ 24,157$ Resident Rnds (Weekend) 304,526 2,789$ 2,789$ 14,040$ 12,740$ 33,443$ 29,939$ 38,220$ 41,340$ 48,360$ 31,818$ 30,576$ 18,473$ Public Rnds (Weekday)1,229,675 7,150$ 7,150$ 36,000$ 30,000$ 157,500$ 112,800$ 137,200$ 201,400$ 235,600$ 144,855$ 120,000$ 40,020$ Public Rnds (Weekend)992,921 5,850$ 5,850$ 34,200$ 25,500$ 122,063$ 84,600$ 110,250$ 159,000$ 195,300$ 116,134$ 97,200$ 36,975$ Public Twi (Weekday)523,210 3,218$ 3,218$ 17,160$ 17,600$ 63,525$ 51,700$ 64,680$ 78,705$ 92,070$ 60,440$ 50,160$ 20,735$ Public Twi (Weekend)461,311 2,925$ 2,925$ 16,200$ 14,400$ 54,338$ 48,645$ 57,330$ 69,165$ 80,910$ 51,698$ 43,200$ 19,575$ Other (Weekday)434,223 2,925$ 2,925$ 16,200$ 12,600$ 59,063$ 48,645$ 52,920$ 64,395$ 75,330$ 49,451$ 36,720$ 13,050$ Other (Weekend)307,601 2,145$ 2,145$ 12,240$ 9,600$ 36,225$ 33,840$ 38,220$ 46,110$ 53,940$ 34,466$ 27,360$ 11,310$ Total Revenue 4,651,692 30,648$ 30,648$ 164,400$ 139,100$ 569,888$ 449,320$ 548,800$ 714,175$ 844,750$ 530,469$ 445,200$ 184,295$ $98,680 $99,584 $172,993 $42,785 $563,301 $448,957 $492,441 $581,698 $717,929 $461,682 $316,000 $125,000 Avg. Rate 103.96$ 47.15$ 47.15$ 68.50$ 69.55$ 108.55$ 95.60$ 112.00$ 134.75$ 136.25$ 106.20$ 92.75$ 63.55$ Misc Revenue 76.13$ ########## Club Rental 42,175 800$ 750$ 1,000$ 3,900$ 4,500$ 6,000$ 7,000$ 7,500$ 6,000$ 3,500$ 1,225$ Driving Range Balls 98,500 1,600$ 1,500$ 1,400$ 10,000$ 13,000$ 16,000$ 17,000$ 17,000$ 9,900$ 7,425$ 3,675$ Rider Fees 22,190 1,000$ 1,100$ 1,500$ -$ 2,500$ 3,100$ 3,100$ 3,100$ 3,200$ 2,850$ 495$ 245$ Handicap Fees 4,595 250$ 200$ 250$ 650$ 600$ 700$ 750$ 400$ 400$ 395$ -$ -$ Independent Instructor Fees 6,500 -$ -$ -$ -$ 1,000$ 1,000$ 1,000$ 1,000$ 1,000$ 1,500$ -$ -$ Ball Retreival 2,500 500$ -$ -$ 500$ -$ -$ 500$ -$ -$ 1,000$ -$ -$ -$ Total 176,460 4,150$ 3,550$ 4,150$ 1,150$ 18,000$ 22,300$ 27,350$ 28,500$ 29,100$ 21,645$ 11,420$ 5,145$ 03/18/2026 11 161 2026-2027 ANNUAL PLAN SilverRock Resort RUN DATE: 13-Mar-26 09:05 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management GOLF SHOP - 61 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. GOLF SHOP MERCHANDISE SALES TOTAL # OF ROUNDS 44,745 650 650 2,400 2,000 5,250 4,700 4,900 5,300 6,200 4,995 4,800 2,900 AVERAGE REVENUE / ROUND $5.17 $2.00 $2.00 $2.00 $2.50 $5.00 $5.50 $5.50 $6.50 $6.50 $5.50 $4.90 $4.90 TOTAL MERCHANDISE SALES $231,403 1,300 1,300 4,800 5,000 26,250 25,850 26,950 34,450 40,300 27,473 23,520 14,210 7,400 57,100 MERCHANDISE REVENUE 75.00%25.00% Soft Goods Sales 173,552 975 975 3,600 3,750 19,688 19,388 20,213 25,838 30,225 20,604 17,640 10,658 Hard Goods Sales 57,851 325 325 1,200 1,250 6,563 6,463 6,738 8,613 10,075 6,868 5,880 3,553 TOTAL MERCHANDISE REVENUE 231,403 1,300 1,300 4,800 5,000 26,250 25,850 26,950 34,450 40,300 27,473 23,520 14,210 COST OF SALES 55.97%55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% 55.97% COS - Merchandise (58%)134,213 754 754 2,784 2,900 15,225 14,993 15,631 19,981 23,374 15,934 13,642 8,242 Purchase Disc Taken - (5%)(6,711)(38) (38) (139) (145) (761) (750) (782) (999) (1,169) (797) (682) (412) Freight - Merchandise 2,013 11 11 42 44 228 225 234 300 351 239 205 124 TOTAL COST OF SALES 129,516 728 728 2,687 2,799 14,692 14,468 15,084 19,282 22,556 15,376 13,164 7,953 GROSS PROFIT 101,887 572 572 2,113 2,202 11,558 11,382 11,866 15,168 17,744 12,096 10,356 6,257 SALARIES AND BENEFITS 9,414 9,993 8,760 8,248 10,870 12,042 13,527 12,480 Salaries and Wages 219,336 10,910 10,910 11,802 8,742 22,495 23,545 24,265 24,265 24,265 23,805 18,085 16,245 Incentives \ Bonus 0 0 0 0 0 0 0 0 0 0 0 0 0 Incentives \ Commission 0 0 0 0 0 0 0 0 0 0 0 0 0 Payroll Taxes 21,385 1,064 1,064 1,151 852 2,193 2,296 2,366 2,366 2,366 2,321 1,763 1,584 Workers' Compensation 11,914 593 593 641 475 1,222 1,279 1,318 1,318 1,318 1,293 982 882 Health Insurance/Benefits 25,560 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 TOTAL SALARIES AND BENEFITS 278,196 14,696 14,696 15,724 12,200 28,040 29,250 30,079 30,079 30,079 29,549 22,961 20,842 OTHER EXPENSES Office Supplies 3,000 250 250 250 250 250 250 250 250 250 250 250 250 Dues and Subscriptions 2,300 0 0 0 0 0 0 0 0 0 0 2,300 Freight / Delivery 75 0 0 0 25 25 25 0 0 0 0 0 0 Travel 90 0 0 0 0 0 0 15 15 15 15 15 15 Uniforms 2,400 100 100 100 100 300 200 500 200 200 200 200 200 Telephone 1,320 110 110 110 110 110 110 110 110 110 110 110 110 Seminars / Training 3,690 150 150 150 500 0 100 1,250 35 35 35 1,250 35 Miscellaneous 6,000 500 500 500 500 500 500 500 500 500 500 500 500 TOTAL OTHER EXPENSES 18,875 1,110 1,110 1,110 1,485 1,185 1,185 2,625 1,110 1,110 1,110 4,625 1,110 TOTAL EXPENSES 297,071 15,806 15,806 16,834 13,685 29,225 30,435 32,704 31,189 31,189 30,659 27,586 21,952 Seminars/Training - Reimbursement for eligible golf shop employees (Director of Golf, Head Professional & 1st Assistant Golf Professional) for PGA Training, Education and Travel Expenses. Office Supplies are made up of: Golf Cart Rental Agreements, Golf Club Rental Agreements, Gift Certificates & Merchandise Bags Uniforms- Each Full-Time Emp receives (1) shirt per month 03/18/2026 12 162 2026-2027 ANNUAL PLAN SilverRock Resort RUN DATE: 13-Mar-26 09:05 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management CARTS, BAGROOM & RANGE - 641 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. SALARIES AND BENEFITS Increase in Budget 12K and 6,574 8,506 4,181 9,821 11,246 12,697 13,780 Salaries and Wages 293,054 14,144 14,144 15,531 9,095 28,270 28,270 34,320 34,320 34,320 34,320 24,960 21,360 Payroll Taxes 36,485 1,761 1,761 1,934 1,132 3,520 3,520 4,273 4,273 4,273 4,273 3,108 2,659 Workers' Compensation 15,919 768 768 844 494 1,536 1,536 1,864 1,864 1,864 1,864 1,356 1,160 Health Insurance/Benefits 25,560 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 2,130 TOTAL SALARIES AND BENEFITS 371,018 18,803 18,803 20,438 12,851 35,455 35,455 42,587 42,587 42,587 42,587 31,553 27,310 153,005 11,258 8,062 9,003 3,900 11,890 15,750 17,092 14,750 15,700 15,750 14,350 15,500 SUPPLIES AND MATERIALS Range Expendable Supplies 6,750 600 600 150 150 1,800 150 1,000 1,000 150 150 500 500 Towel Replacement 2,182 120 120 120 120 185 195 250 250 250 250 250 72 Bottled Water 30,000 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 2,500 Cart Supplies 1,850 0 0 0 500 500 500 75 75 50 50 50 50 Range Balls 15,000 0 0 0 0 15,000 0 0 0 0 0 0 0 TOTAL SUPPLIES AND MATERIALS 55,782 3,220 3,220 2,770 3,270 19,985 3,345 3,825 3,825 2,950 2,950 3,300 3,122 REPAIRS AND MAINTENANCE Equipment Repair - Golf 3,600 300 300 300 300 300 300 300 300 300 300 300 300 TOTAL REPAIRS AND MAINTENANCE 3,600 300 300 300 300 300 300 300 300 300 300 300 300 OTHER EXPENSES Expendable Supplies 9,600 800 800 800 800 800 800 800 800 800 800 800 800 Printing / Stationary 420 0 0 0 0 0 0 70 70 70 70 70 70 Cart Maintenance & Repairs 26,400 2,100 2,300 2,100 2,300 2,100 2,300 2,100 2,300 2,100 2,300 2,100 2,300 Freight / Delivery 450 75 75 75 75 75 75 0 0 0 0 0 0 Uniforms 5,200 0 0 0 2,000 500 500 0 0 500 0 1,500 200 Laundry and Linen 9,600 800 800 800 800 800 800 800 800 800 800 800 800 Miscellaneous 9,400 600 600 600 2,800 600 600 600 600 600 600 600 600 TOTAL OTHER EXPENSES 61,070 4,375 4,575 4,375 8,775 4,875 5,075 4,370 4,570 4,870 4,570 5,870 4,770 TOTAL EXPENSES 491,470 26,698 26,898 27,883 25,196 60,615 44,175 51,082 51,282 50,707 50,407 41,023 35,502 Expendable Supplies are made up of: - Scorecards, Tees, Pencils, Trash Bags, Cups & First Aid Supplies. Uniforms- Each employee receives 4 shirts, 1 hat per season 03/18/2026 13 163 2026-2027 ANNUAL PLAN SilverRock Resort RUN DATE: 13-Mar-26 09:05 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management COURSE SERVICES - 643 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. SALARIES AND BENEFITS increas 5K current 6K 1,850 1,400 2,590 800 5,667 5,700 5,700 Salaries and Wages 117,229 3,468 3,468 3,893 0 13,600 13,600 14,400 14,400 14,400 14,400 12,960 8,640 Payroll Taxes 11,430 338 338 380 0 1,326 1,326 1,404 1,404 1,404 1,404 1,264 842 Workers' Compensation 6,368 188 188 211 0 739 739 782 782 782 782 704 469 TOTAL SALARIES AND BENEFITS 135,027 3,995 3,995 4,484 0 15,665 15,665 16,586 16,586 16,586 16,586 14,928 9,952 SUPPLIES AND MATERIALS Expendable Supplies 1,050 50 50 100 100 100 100 100 100 100 100 75 75 TOTAL SUPPLIES AND MATERIALS 1,050 50 50 100 100 100 100 100 100 100 100 75 75 OTHER EXPENSES Uniforms 2,125 75 75 75 800 75 250 75 75 75 400 75 75 Safety Equipment 600 50 50 50 50 50 50 50 50 50 50 50 50 Miscellaneous 200 0 0 0 50 50 50 50 0 0 0 0 01 TOTAL OTHER EXPENSES 2,926 125 125 125 900 175 350 176 125 125 450 125 125 TOTAL COURSE SERVICES EXPENSES 139,002 4,170 4,170 4,709 1,000 15,940 16,115 16,862 16,811 16,811 17,136 15,128 10,152 Expendable Supplies are made up of: Clipboards, Paper (starter sheets, ranger sheets), Towels, Trash Bags Uniforms- Each employee receives 4 shirts, 1 hat per season 03/18/2026 14 164 SilverRock Resort RUN DATE: 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management MAINTENANCE DEPARTMENT - 63 TOTAL JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. SALARIES AND BENEFITS Salaries and Wages 1,087,550 80,878 83,862 83,862 91,666 89,911 95,263 95,263 95,176 95,181 95,181 89,916 91,392 Overtime Hourly Wages 39,560 0 3,510 3,510 16,000 3,510 0 0 3,510 2,500 3,510 3,510 0 Payroll Taxes 109,893 7,886 8,519 8,519 10,497 9,109 9,288 9,288 9,622 9,524 9,622 9,109 8,911 Workers' Compensation 54,026 3,923 4,181 4,181 4,963 4,474 4,620 4,620 4,730 4,697 4,730 4,474 4,433 Health Insurance/Benefits 207,807 17,317 17,317 17,317 17,317 17,317 17,317 17,317 17,317 17,317 17,317 17,317 17,317 TOTAL SALARIES AND BENEFITS 1,498,836 110,004 117,388 117,388 140,444 124,321 126,488 126,488 130,355 129,219 130,361 124,326 122,053 SUPPLIES AND MATERIALS Fertilizer 122,800 10,000 4,300 9,000 30,000 10,000 10,000 10,000 6,000 6,000 15,000 4,500 8,000 Flowers/Plants 13,000 0 0 0 6,000 0 0 5,000 0 0 0 2,000 0 Gas & Oils 81,600 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 6,800 Golf Course Accessories 16,000 0 0 0 14,000 0 0 0 0 2,000 0 0 0 Chemicals & Pesticides 56,000 14,000 2,000 8,000 8,000 5,000 0 0 6,000 0 8,000 0 5,000 POA Control 10,000 0 0 0 0 0 10,000 0 0 0 0 0 0 Sand/Mulch/Bunker 52,500 5,000 0 5,000 12,500 2,500 5,000 2,500 2,500 2,500 12,500 2,500 0 Seed 90,000 0 0 0 85,000 5,000 0 0 0 0 0 0 0 Small Tools 13,000 500 500 500 7,500 500 500 500 500 500 500 500 500 Sod 5,000 0 1,250 1,250 0 0 0 0 0 0 0 0 2,500 Topdressing 9,000 5,000 0 0 0 0 0 0 0 0 0 0 4,00016,000 0 TOTAL SUPPLIES AND MATERIALS 484,900 57,300 14,850 30,550 169,800 29,800 32,300 24,800 21,800 17,800 42,800 16,300 26,800 REPAIRS AND MAINTENANCE Buildings & Bridges 6,000 500 500 500 500 500 500 500 500 500 500 500 500 Equipment 54,000 3,500 4,000 4,500 10,000 5,000 3,000 3,000 3,500 5,000 5,000 4,000 3,500 Irrigation System 40,500 4,500 4,500 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,500 3,500 3,500 Pumps 11,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 500 500 Lake Maint Contract 58,200 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 4,850 Trees 25,000 0 15,000 10,000 0 0 0 0 0 0 0 0 0 TOTAL REPAIRS AND MAINTENANCE 194,700 14,350 29,850 23,850 19,350 14,350 12,350 12,350 12,850 14,350 14,850 13,350 12,850 2026-2027 ANNUAL PLAN 03/18/2026 15 165 SilverRock Resort RUN DATE: 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management MAINTENANCE DEPARTMENT - 63 TOTAL JUL. AUG. SEP. OCT. NOV. DEC. JAN. FEB. MAR. APR. MAY JUN. 2026-2027 ANNUAL PLAN OTHER EXPENSES Contract Services Soil/Tissue Tests 2,000 0 0 0 0 0 0 0 0 0 0 2,000 0 Dues and Subscriptions 1,100 0 0 0 0 0 0 1,000 0 0 0 0 100 Employee Education 4,700 0 0 1,400 0 0 400 2,500 250 0 50 50 50 Equipment Rental 3,400 200 150 150 1,000 600 200 200 200 200 200 200 100 Auto Expense 4,800 400 400 400 400 400 400 400 400 400 400 400 400 Licenses and Permits 4,300 100 0 0 250 0 50 0 0 1,000 2,900 0 0 Miscellaneous 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Supplies 8,750 750 750 750 750 750 750 750 750 750 750 750 500 Propane/Natural Gas 360 30 30 30 30 30 30 30 30 30 30 30 30 Safety Equipment & Training 3,850 200 100 750 800 500 400 400 200 200 100 100 100 Telephone/DSL 5,700 475 475 475 475 475 475 475 475 475 475 475 475 Waste/Trash Removal 7,200 600 600 600 600 600 600 600 600 600 600 600 600 Uniforms & Linen/Towels 15,600 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 1,300 TOTAL OTHER EXPENSES 62,960 4,155 3,905 5,955 5,705 4,755 4,705 7,755 4,305 5,055 6,905 6,005 3,755 TOTAL MAINTENANCE EXP. (EXCL Landscaping)2,241,396 185,809 165,993 177,743 335,299 173,226 175,843 171,393 169,310 166,424 194,916 159,981 165,458 4,500 LANDSCAPE 13,000 12,200 12,700 13,100 11,400 13,800 12,600 9,600 Contract Labor 0 Landscape Wages & Benefits 0 0 0 0 0 0 0 0 0 0 0 0 0 Small Tools 1,025 100 100 100 100 100 75 75 75 75 75 75 75 Repairs & Maintenance - Drip Irrigation 4,250 250 250 500 500 500 500 250 250 250 250 250 500 Uniforms 3,480 290 290 290 290 290 290 290 290 290 290 290 290 TOTAL LANDSCAPE MAINTENANCE 8,755 640 640 890 890 890 865 615 615 615 615 615 865 COURSE & LANDSCAPE MAINTENANCE TOTAL 2,250,151 186,449 166,633 178,633 336,189 174,116 176,708 172,008 169,925 167,039 195,531 160,596 166,323 (EXCL UTILITIES) WATER & ELECTRICITY COSTS Water Cost 97,244 8,630 7,630 8,880 9,680 14,480 3,785 5,680 4,600 5,630 8,600 11,730 7,919 Electricity Cost 236,340 18,500 18,500 18,500 18,500 19,140 21,240 21,240 21,240 21,240 21,240 18,500 18,500 TOTAL WATER AND ELECTRIC COST 333,584 27,130 26,130 27,380 28,180 33,620 25,025 26,920 25,840 26,870 29,840 30,230 26,419 TOTAL COURSE MAINTENANCE EXPENSES 2,583,735 213,579 192,763 206,013 364,369 207,736 201,733 198,928 195,765 193,909 225,371 190,826 192,742 03/18/2026 16 166 SilverRock Resort RUN DATE: 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management G & A DEPARTMENT - 67 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN.TOTAL SALARIES AND BENEFITS 0 Salaries and Wages 345,417 28,785 28,785 28,785 28,785 28,785 28,785 28,785 28,785 28,785 28,785 28,785 28,785 172,708 Payroll Taxes 33,678 2,807 2,807 2,807 2,807 2,807 2,807 2,807 2,807 2,807 2,807 2,807 2,807 16,839 Workers' Compensation 26,136 2,178 2,178 2,178 2,178 2,178 2,178 2,178 2,178 2,178 2,178 2,178 2,178 13,068 Health Insurance/Benefits 80,457 6,705 6,705 6,705 6,705 6,705 6,705 6,705 6,705 6,705 6,705 6,705 6,705 40,228 TOTAL SALARIES AND BENEFITS 485,688 40,474 40,474 40,474 40,474 40,474 40,474 40,474 40,474 40,474 40,474 40,474 40,474 242,844 0 REPAIRS AND MAINTENANCE 0 Equipment Repair 7,300 150 150 1,000 1,500 900 850 700 500 750 450 250 100 2,750 TOTAL REPAIRS AND MAINTENANCE 7,300 150 150 1,000 1,500 900 850 700 500 750 450 250 100 2,750 0 OTHER EXPENSES 0 Office Supplies 1,260 105 105 105 105 105 105 105 105 105 105 105 105 630 Printing / Stationary 3,300 100 100 100 100 100 400 400 400 400 400 400 400 2,400 Postage 900 75 75 75 75 75 75 75 75 75 75 75 75 450 Recruiting / Relocation 1,200 0 0 150 150 150 200 150 200 200 0 0 0 550 Dues and Subscriptions 1,550 50 0 300 50 50 50 100 200 50 50 50 600 1,050 Freight / Delivery 600 50 50 50 50 50 50 50 50 50 50 50 50 300 Travel 1,100 0 100 0 0 0 0 0 100 0 200 500 200 1,000 Promotion 1,200 100 100 100 100 100 100 100 100 100 100 100 100 600 Auto Expense 6,000 500 500 500 500 500 500 500 500 500 500 500 500 3,000 Equipment Rental (Copier/Storage/Cell Phone) 6,000 500 500 500 500 500 500 500 500 500 500 500 500 3,000 Uniforms 2,000 150 150 150 350 150 150 150 150 150 150 150 150 900 Professional Fees (I.T. & Safety Fees)33,300 2,600 2,600 2,600 2,900 2,900 2,900 2,900 2,900 2,900 2,900 2,600 2,600 16,800 Seminars / Training 3,400 200 200 200 200 200 200 1,200 200 200 200 200 200 2,200 Payroll Processing 20,520 1,710 1,710 1,710 1,710 1,710 1,710 1,710 1,710 1,710 1,710 1,710 1,710 10,260 Computer Supplies (POS Support Fees)6,300 500 500 500 500 500 500 500 500 500 500 500 800 3,300 Bank & Wells Fargo Fees 1,080 90 90 90 90 90 90 90 90 90 90 90 90 ### 540 Miscellaneous 10,000 500 500 500 500 1,000 4,000 500 500 500 500 500 500 3,000 TOTAL OTHER EXPENSES 99,710 7,230 7,280 7,630 7,880 8,180 11,530 9,030 8,280 8,030 8,030 8,030 8,580 49,980 TOTAL G & A EXPENSES 592,698 47,854 47,904 49,104 49,854 49,554 52,854 50,204 49,254 49,254 48,954 48,754 49,154 295,574 Uniforms- Benefit to be shared between GM & Controller Entertainment & Promotion - GM promoting property for potential clients 2026-2027 ANNUAL PLAN 03/18/2026 17 167 2026-2027 ANNUAL PLAN SilverRock Resort MARKETING 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management MARKETING DEPARTMENT - 66 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. SALARIES AND BENEFITS Salaries and Wages 15,000 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 1,250 Payroll Taxes 1,463 122 122 122 122 122 122 122 122 122 122 122 122 Workers' Compensation 1,188 99 99 99 99 99 99 99 99 99 99 99 99 Health Insurance/Benefits 4,970 0 0 0 0 0 710 710 710 710 710 710 710 TOTAL SALARIES AND BENEFITS 22,621 1,471 1,471 1,471 1,471 1,471 2,181 2,181 2,181 2,181 2,181 2,181 2,181 OTHER EXPENSES Office Supplies 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Printing / Stationary 4,425 0 0 200 3,000 200 200 200 125 125 125 125 125 Postage 600 50 50 50 50 50 50 50 50 50 50 50 50 Contract Services Web Page 1,800 150 150 150 150 150 150 150 150 150 150 150 150 Dues and Subscriptions 735 0 0 0 0 0 0 35 400 300 0 0 0 Uniforms 600 0 0 0 300 50 50 50 50 50 50 0 0 Telephone 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Civic, Community and Trade Show 2,250 75 75 75 75 750 750 75 75 75 75 75 75 Public Relations 1,000 0 0 0 0 0 0 500 500 0 0 0 0 Promotions / Meals 300 25 25 25 25 25 25 25 25 25 25 25 25 Promotion - (Media, Vendor Days, etc)700 0 0 0 50 50 50 300 50 50 50 50 50 Advertising (Ad/Digital Purchases) 116,187 3,316 3,316 5,961 7,666 12,961 12,366 17,461 15,066 16,341 8,446 8,741 4,546 Collateral Material - (Scorecards, Rack Cds, Tees, Pencils, Ball Markers)21,000 500 500 500 1,500 3,500 2,500 2,500 2,500 2,500 2,500 1,000 1,000 Miscellaneous 350 0 0 0 0 50 50 50 50 50 50 50 TOTAL OTHER EXPENSES 152,347 4,316 4,316 7,161 13,016 17,986 16,391 21,596 19,241 19,916 11,721 10,466 6,221 TOTAL MARKETING EXPENSES 174,968 5,787 5,787 8,632 14,487 19,457 18,572 23,777 21,422 22,097 13,902 12,647 8,402 Promotion/Meals - Off property events (Chamber Mixers, Rotaries and entertaining potential clients) Promotion/Media/Vendor Days - Radio/TV Onsite Broadcasting. Vendor Days - Show casing property in exchange for positive publicity 03/18/2026 18 168 SilverRock Resort MARKETING 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management TEMPORARY CLUBHOUSE - 800 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. SUPPLIES AND MATERIALS Expendable Supplies 2,400 200 200 200 200 200 200 200 200 200 200 200 200 Laundry Supplies 3,840 320 320 320 320 320 320 320 320 320 320 320 320 TOTAL SUPPLIES AND MATERIALS 6,240 520 520 520 520 520 520 520 520 520 520 520 520 REPAIRS AND MAINTENANCE Building Structures 3,600 300 300 300 300 300 300 300 300 300 300 300 300 Restaurant Repairs 8,400 700 700 700 700 700 700 700 700 700 700 700 700 Equipment Repair 8,400 700 700 700 700 700 700 700 700 700 700 700 700 TOTAL REPAIRS AND MAINTENANCE 20,400 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 1,700 OTHER EXPENSES Contract Services Cleaning 8,000 500 500 500 2,500 500 500 500 500 500 500 500 500 Telephone 21,000 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 1,750 Cable-Roadrunner 5,040 420 420 420 420 420 420 420 420 420 420 420 420 Water 7,296 608 608 608 608 608 608 608 608 608 608 608 608 Safety Equipment 1,200 100 100 100 100 100 100 100 100 100 100 100 100 Propane Gas 12,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 Flowers and Decorations 1,900 0 0 0 500 0 0 500 0 500 0 0 400 Building Security (Roving Patrol)91,800 7,650 7,650 7,650 7,650 7,650 7,650 7,650 7,650 7,650 7,650 7,650 7,650 Miscellaneous 0 0 0 0 0 0 0 0 0 0 0 0 0 TOTAL OTHER EXPENSES 148,236 12,028 12,028 12,028 14,528 12,028 12,028 12,528 12,028 12,528 12,028 12,028 12,428 TOTAL CLUBHOUSE EXPENSES 174,876 14,248 14,248 14,248 16,748 14,248 14,248 14,748 14,248 14,748 14,248 14,248 14,648 Expendable Supplies made up of: Locksmith, Trashbags, Lightbulbs, Mats, Items related to Maintenance of Clubhouse 2026-2027 ANNUAL PLAN 03/18/2026 19 169 SilverRock Resort RUN DATE: 13-Mar-26 09:06 AM Projections - July 2026 to June 2027 PREPARED BY: Landmark Golf Management MISC. DEPARTMENT - 980 & 990 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. 12,500 MISC OTHER EXPENSES Management Fee - Fixed 151,284 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 12,607 FF&E Reserve (2.0%)93,034 613 613 3,288 2,782 11,398 8,986 10,976 14,284 16,895 10,609 8,904 3,686 General Liability Insurance 90,744 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 7,562 Personal Property Taxes 6,000 6,000 0 0 0 0 0 0 0 0 0 0 0 341,062 26,782 20,782 23,457 22,951 31,567 29,155 31,145 34,453 37,064 30,778 29,073 23,855 LEASE/RENTAL EXPENSES Golf Course Maintenance Lease 288,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 24,000 GPS Lease (Up-Link)61,656 5,138 5,138 5,138 5,138 5,138 5,138 5,138 5,138 5,138 5,138 5,138 5,138 Equipment Rental Other 4,800 400 400 400 400 400 400 400 400 400 400 400 400 354,456 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 29,538 2026-2027 ANNUAL PLAN 03/18/2026 20 170 RUN DATE: 13-Mar-26 09:06 AM PREPARED BY: Landmark Golf Management FOOD & BEVERAGE DEPT - 62 TOTAL JUL.AUG.SEP.OCT.NOV.DEC.JAN.FEB.MAR.APR.MAY JUN. FOOD REVENUE TOTAL NUMBER OF ROUNDS 44,745 650 650 2,400 2,000 5,250 4,700 4,900 5,300 6,200 4,995 4,800 2,900 FOOD REVENUE Snack Shop/Terrace Food 286,965$ 1,300$ 1,300$ 7,200$ 8,000$ 31,500$ 28,200$ 39,200$ 42,400$ 49,600$ 34,965$ 28,800$ 14,500$ Beverage Cart Food 42,608$ 163$ 325$ 1,800$ 2,000$ 5,250$ 4,700$ 4,900$ 5,300$ 6,200$ 4,995$ 4,800$ 2,175$ Other Food Income -$ -$ -$ -$ -$ -$ -$ Non-Taxable Tournament Site Fees -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ Special Events -$ -$ -$ -$ -$ TOTAL FOOD REVENUE 329,573$ 1,463$ 1,625$ 9,000$ 10,000$ 36,750$ 32,900$ 44,100$ 47,700$ 55,800$ 39,960$ 33,600$ 16,675$ 9,254$ 7,063$ 17,972$ 2,621$ 32,205$ 20,946$ 30,377$ 29,047$ BEVERAGE REVENUE Snack Shop/Terrace Beer & Wine 154,140$ 780$ 780$ 2,880$ 2,400$ 21,000$ 18,800$ 19,600$ 21,200$ 24,800$ 19,980$ 17,280$ 4,640$ Snack Shop/Terrace Sodas 38,535$ 195$ 195$ 720$ 600$ 5,250$ 4,700$ 4,900$ 5,300$ 6,200$ 4,995$ 4,320$ 1,160$ Beverage Cart Beer & Wine 206,469$ 1,901$ 1,820$ 6,720$ 2,500$ 23,100$ 20,680$ 29,645$ 29,150$ 35,805$ 29,970$ 18,000$ 7,178$ Beverage Cart Sodas 27,592$ 211$ 260$ 4,200$ 2,500$ 2,100$ 1,880$ 1,617$ 2,915$ 3,255$ 3,996$ 2,700$ 1,958$ TOTAL BEVERAGE REVENUE 426,736$ 3,088$ 3,055$ 14,520$ 8,000$ 51,450$ 46,060$ 55,762$ 58,565$ 70,060$ 58,941$ 42,300$ 14,935$ 7,174$ 5,780$ 12,209$ 1,939$ 15,385$ 12,175$ 23,905$ 24,530$ TOTAL FOOD & BEVERAGE REVENUE 756,308$ 4,550$ 4,680$ 23,520$ 18,000$ 88,200$ 78,960$ 99,862$ 106,265$ 125,860$ 98,901$ 75,900$ 31,610$ LESS COST OF SALES 0$ COS - Food (37%)118,646$ 527$ 585$ 3,240$ 3,600$ 13,230$ 11,844$ 15,876$ 17,172$ 20,088$ 14,386$ 12,096$ 6,003$ COS - Beer & Wine (25%)75,701$ 536.25$ 546.00$ 2,016.00$ 1,029.00$ 9,261.00$ 8,290.80$ 10,341.45$ 10,573.50$ 12,727.05$ 10,489.50$ 7,408.80$ 2,481.68$ COS - Sodas (27%)16,532$ 101.56$ 113.75$ 1,230.00$ 775.00$ 1,837.50$ 1,645.00$ 1,629.25$ 2,053.75$ 2,363.75$ 2,247.75$ 1,755.00$ 779.38$ COS- Employee Meals -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ TOTAL COST OF SALES 210,879$ 1,164$ 1,245$ 6,486$ 5,404$ 24,329$ 21,780$ 27,847$ 29,799$ 35,179$ 27,123$ 21,260$ 9,264$ GROSS PROFIT 545,429$ 3,386$ 3,435$ 17,034$ 12,596$ 63,872$ 57,180$ 72,015$ 76,466$ 90,681$ 71,778$ 54,640$ 22,346$ SALARIES AND BENEFITS Salaries and Wages 398,432$ 20,714$ 20,714$ 23,273$ 10,488$ 34,411$ 43,321$ 49,543$ 49,543$ 49,543$ 43,065$ 32,899$ 20,919$ Payroll Taxes 43,828$ 2,279$ 2,279$ 2,560$ 1,154$ 3,785$ 4,765$ 5,450$ 5,450$ 5,450$ 4,737$ 3,619$ 2,301$ Workers' Compensation 19,324$ 1,005$ 1,005$ 1,129$ 509$ 1,669$ 2,101$ 2,403$ 2,403$ 2,403$ 2,089$ 1,596$ 1,015$ Health Insurance 71,367$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ 5,947$ TOTAL SALARIES AND BENEFITS 532,950$ 29,945$ 29,945$ 32,909$ 18,098$ 45,812$ 56,135$ 63,342$ 63,342$ 63,342$ 55,838$ 44,061$ 30,182$ SUPPLIES AND MATERIALS #REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF!#REF! Expendable Supplies 4,280$ 300$ 300$ 300$ 580$ 200$ 400$ 400$ 400$ 400$ 400$ 300$ 300$ Bar Utensils 1,250$ 150$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ Menus, Napkins and Placemats 3,825$ 175$ 175$ 175$ 500$ 250$ 250$ 550$ 350$ 350$ 350$ 350$ 350$ TOTAL SUPPLIES AND MATERIALS 9,355$ 625$ 575$ 575$ 1,180$ 550$ 750$ 1,050$ 850$ 850$ 850$ 750$ 750$ REPAIRS AND MAINTENANCE Equipment Repair 5,900$ 400$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ TOTAL REPAIRS AND MAINTENANCE 5,900$ 400$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ OTHER EXPENSES Office Supplies 1,500$ 100$ 100$ 100$ 250$ 250$ 100$ 100$ 100$ 100$ 100$ 100$ 100$ Phone 857$ 71$ 71$ 71$ 71$ 71$ 71$ 71$ 76$ 71$ 71$ 71$ 71$ Equipment Rental 1,285$ 109$ 109$ 109$ 95$ 109$ 100$ 109$ 109$ 109$ 109$ 109$ 109$ Natural Gas - Propane 12,000$ 2,000$ -$ 2,000$ -$ 2,000$ -$ 2,000$ -$ 2,000$ -$ 2,000$ -$ Non-Capital Equipment 2,050$ 100$ 100$ 100$ 50$ 50$ 50$ 700$ 700$ 50$ 50$ 50$ 50$ Uniforms 4,300$ 150$ 150$ 150$ 1,500$ 150$ 500$ 250$ 250$ 350$ 550$ 150$ 150$ Laundry and Linen 8,850$ 650$ 650$ 650$ -$ 650$ 650$ 1,200$ 1,200$ 1,200$ 650$ 650$ 700$ Bank Fees 20,630$ 1,150$ 1,150$ 1,250$ -$ 2,400$ 2,500$ 2,500$ 2,700$ 2,700$ 2,080$ 1,150$ 1,050$ Seminars / Training 225$ 25$ 25$ 25$ 25$ -$ -$ -$ 25$ 25$ 25$ 25$ 25$ Cleaning Supplies 7,400$ 400$ 400$ 400$ -$ 850$ 850$ 950$ 950$ 950$ 950$ 350$ 350$ Flowers and Decorations 2,604$ 100$ 100$ 100$ 204$ 300$ 300$ 300$ 250$ 250$ 300$ 200$ 200$ Licenses and Permits 1,800$ -$ 900$ -$ -$ -$ -$ 900$ -$ -$ -$ -$ Miscellaneous 6,200$ 500$ 500$ 500$ 500$ 500$ 500$ 500$ 600$ 600$ 500$ 500$ 500$ TOTAL OTHER EXPENSES 69,701$ 5,355$ 4,255$ 5,455$ 2,695$ 7,330$ 5,621$ 9,580$ 6,960$ 8,405$ 5,385$ 5,355$ 3,305$ 2,500$ 3,809$ 1,773$ 2,860$ 10,545$ 5,600$ 6,100$ 9,000$ 7,900$ 9,700$ 6,100$ 4,500$ TOTAL EXPENSES 617,906$ 36,325$ 35,275$ 39,439$ 22,473$ 54,192$ 63,006$ 74,472$ 71,652$ 73,097$ 62,573$ 50,666$ 34,737$ TOTAL FOOD & BEVERAGE PROFIT (Loss)(72,477)$ (32,939)$ (31,839)$ (22,405)$ (9,877)$ 9,680$ (5,826)$ (2,457)$ 4,814$ 17,584$ 9,205$ 3,974$ (12,391)$ #REF! 2024-2025 Annual Budget 2025-2026 Annual Budget 03/18/2026 21 171 2026–2027 Marketing Plan Objective To expand brand awareness for SilverRock Resort, promote the Arnold Palmer Classic Course as a premier golf destination in the Coachella Valley, and increase golf and golf-related revenues. Given the ongoing “paused” construction surrounding the resort—luxury hotel, spa, convention center, permanent clubhouse, and private residences—it will be essential to continually market SilverRock in a positive light throughout all phases of development. Budget Overview The 2026–2027 Marketing Plan is based on a total budget of $174,968. It includes spending on: Print advertising Television Digital marketing Social media Collateral materials Partial tournament coordinator salary Public relations Supplies Website and email marketing Of the total, $116,187 is allocated to advertising efforts. Print Advertising Print advertising will be reduced again this year but will maintain a presence in core local and regional publications, including: Golfing Palm Springs Desert Golf & Tennis CV Golf Guides Desert Golfing Digest These ads target Coachella Valley residents and resort/tourist golfers across Southern California. Most print campaigns now include bundled digital placements for added exposure. 03/18/2026 22 172 TV & Radio SilverRock will continue running 30-second television spots on local network affiliates. No new commercials are planned until construction nears completion and the new clubhouse is operational. No radio advertising is budgeted for this fiscal year. In-Room Media SilverRock commercials continue to run in partnership with the Travelers Channel, which is broadcast in 18 local hotels representing over 3,500 rooms throughout the Coachella Valley. The Travelers Channel serves as a visual concierge for hotel guests, promoting area attractions, restaurants, history, and services. Digital Marketing Digital efforts include display banners on geo-targeted platforms such as: ESPN LA GolfChannel.com PGA.com SCGA.com Targeted keywords include "Golf," "Best Golf Courses," and "Tee Times in Greater Palm Springs/La Quinta," resulting in over 10 million impressions. SilverRock will continue strategic partnerships to maintain a strong digital presence. Social Media In partnership with GolfNow, SilverRock will maintain a strong and growing presence on platforms like Facebook, Tik Tok, X and Instagram. The Facebook page has been updated and is a key communication tool. Instagram efforts will continue to expand, with 2x per weekly posts and more short-form “beauty clips” showcasing the golf course. Online Reviews, Reputation Management & Word-of-Mouth 03/18/2026 23 173 Online platforms such as Google, Yelp, and GolfPass (powered by GolfNow) are actively monitored. All reviews receive a response within 48 hours. Reputation management remains a critical priority—especially during ongoing construction—to ensure guest satisfaction and maintain SilverRock’s standing as a top golf destination. Content Email Marketing SilverRock will continue to collaborate with select publications and partners to deploy content- driven email marketing. These campaigns are designed to engage subscribers and promote both golf and food & beverage offerings. Website & Online Bookings Most tee times are now booked online and prepaid at the time of booking. A continued focus will be placed on: Enhancing the mobile-friendly website Improving user experience across desktop, tablet, and mobile Promoting digital gift card purchases Showcasing the SilverRock Grill menus (breakfast & lunch) SilverRock also offers a free app (available on iOS and Android), allowing golfers to book tee times instantly with no booking fees. Junior Golf Initiatives SilverRock proudly supports junior golf through: Junior lessons and rates Hosting the La Quinta High School Boys and Girls Golf Teams Continued participation in the SCGA Youth on Course program, which allows juniors to access golf at affordable green fees. Collateral Materials Marketing collateral such as rack cards, scorecards, and information packets will be produced as needed. These materials promote SilverRock’s identity and history, including its role as the former Home Course of the Bob Hope Classic (2008–2011). 03/18/2026 24 174