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07-06-2011 FY2012 Budget Workshop_CC OverviewVillage of North Palm Beach Country Club Budget Fiscal Year 2012 Presented By: Jimmy Knight Village Manager Samia Janjua Finance Director Ask NORTH PALM BEACH Fresh from Jack's makeover. N1Joe, We're heading to Highland Beach, Fla. and we're committed to Palm Reach National, Uoral Blue Monster and Polo Trace. We have room to add one more and we're considering Sonaventure East, Winston Trails, North Palm Beach, Jacaranda, lnverrary East and Woodmont Cypress. Any suggestions? — George Wa]da, Yardley, Pena. I like all of your op ' ' to distinctive trac so my first choice is North Palm Beach Coen u ; 561 -691 -3433, rtpbcc.org). In 2006, jack Nicklaus transformed this 192os -era lay- out into an attractive brute, with deep bun- kers, rippled greens and two holes along the Intracoastal Waterway. After that, I opt for Inverrary's recently renovated East course ($35 -$70; 954-M-1-S50, &&V7 rrygol, f corn), a 1970 Robert Trent Jones Sr. design that played host to 12 PGA Tour events from 19",, 2 -1983, includingthe jaddeGhwonfuri fest in 1978 when the Golden Bear birdied the final five holes to win by one. CFebruary i>ltcom I GOLF MAGAZINE 109 �o /�et�5 �C1/•QdiSe Florida is a golfer's have thi its warm weather and pleth courses —not to mention the to golf year round. North Florida ,s to The course at Arnold Palmer's Bay Hill of golf Club & Lodge in Orlando sweeps across rtunity 270 acres along the shores of the Butler Chain of Lakes. The Champion, Challenger and Charger links challenge professionals and amateurs alike. The Stadium Course at Sawgrass Marriott in Ponte Vedra Beach affords golfers a unique opportunity to play a selection of short, medium and long holes on a course routing laid out so no two consecutive holes ever play in the same direction. Burnt Pine at Sandestin Golf and Beach Resort in Destin provides a 7,000 -yard course bringing golfers through pine forests and wetlands and offering breathtaking views of Choctawhatchee Bay. Central Florida Tampa's Saddlebrook Resort course boasts wilderness areas full of cypress, pines, palms and wildlife alongside rolling fairways and well- maintained greens, with water hazards on most holes. South Florida Five sets of tees accommodate golfers of all ages and ability levels at the lack Nicklaus "Signature" Course at North Palm Beach Country Club, which provides roiling terrain along the Seminoie Ridge. From the back tees, the course plays to a par 71 at 7,071 yards. Well- bunkered and highly fluctuating greens await approaches from the generous, but well- bunkered, fairways. IN & Spa in Miami includes 7,125 yards from the tournament tees, and delivers a series of strategically placed bunkers so both length and finesse are needed to score well on its historic course. The course features long fairways, un- dulating greens, a deep Bermuda rough, and a unique assortment of water hazards. AAA.ca Mayilune 2011 AAA Going Places 49 unts for 55% rant did see an increM 'I$peciad.-'.-event, 0 nues ill) ds played and Green Fees are up from ng the "se espite thij th M,453,' ness NORTH PALM BEACH COUNTRY CLUB GOLF MEMBERSHIP 2010 -2011 Single Family Business Single Resident 111 33 0 Non - Resident 55 15 0 Business Family 0 0 Golf Plus Sing 2 0 Golf Plus Family 3 1 12 Month 1 6 12 Month GP 0 4 12 Month Junior 0 4 Summer Opt A 5 12 Summer Opt B 9 20 Junior 8 9 TOTAL 172 118 Grand Total 290 Golf Membership FY 2010 -2011 ' Fee i5 Courtrry Club Porrion Only "Fee inefudes $500.00 cowards ear¢ F e . Hon- Resident Grand Total Fee Total Count Resident $ 2,995.00 2,895.00 171 Membership Type 53,2410 -00 Count Fee Total $3.241000 C.Fd Single 53,2410.00 12,800.00 EP 81 2,108.08 170.189.90 FT 1 53,995 -00 IN3T 27 $ 2.245.40 S 59,535.04 INST 18 REG 3 $ 2,205.00 S 6,615.80 9EG 35 sum 0 S - S - SJIA 0 12 0 $ 2,205.00 S - 12 4 NM NM 12 1 Family IN 0 HA EP 26 $ 3.200.00 S 83.209.00 Fr G IKST 5 $ 3,368.00 16,800.00 INDT 3 5 3,567.90 REG 2 $3,360.00 S 6,729,410 9EG G SLR! 0 S - S - SJIA 0 12 1 $3,360.08 S 3,36040 12 1 Business Single EP 0 $ 2,650.00 S - EP 0 INST 0 $2,650A0 S - INvr 0 REG 0 $ 2,650.00 S - =.E ? 0 sum 0 S S I' 0 Business Family EP 0 $3,75UA0 S E= 0 INST 0 $ 3.7541.00 5 - INs- 0 REG 0 $ 3,7541.00 S - RE ? 0 sum 0 S - S y.I' 0 Golf Plus Single EP 2 $ 2.372.00 S 4,744.09 Fr 0 INST 0 52,477.00 S - INS- 0 REG 0 $ 2,477.00 S - 9EG 0 SLAW 0 5 - 5 - SJt.1 0 12 0 $ 2A77A0 S - 12 0 Golf Pius Family { *j EP 2 53,6141.00 S 7,22040 FT 1 INST 0 $ 3,770.00 S - INST 0 FEG 1 53,770.00 S 3,77040 EEG 0 SLAW 0 S - S - SXA 0 12 0 $ 3,770.00 S - 12 0 Junior REG a $ 3041.09 s 2,409.09 9EG 9 12 0 $ 300A9 S - 12 0 Summer Option A REG 5 $ d95.09 S 2,475.410 12 Summer Option B {" } REG 9 $ 995.09 5 8,955.410 20 ' Fee i5 Courtrry Club Porrion Only "Fee inefudes $500.00 cowards ear¢ F e . Hon- Resident Grand Total Fee Total Count Total $ 2,995.00 2,895.00 171 S 424,845.00 53,2410 -00 t G9,890.00 $3.241000 1 12,000.00 53,2410.00 12,800.00 $3.995 -00 2.995 -00 53,995 -00 23,970.04 50 177,059.90 54,3410.00 12,500.00 54,300 -00 25,890.00 54,3410.00 4,300-00 NfA 0 NfA NM NM IN 0 HA WA HA S 3.362 -90 - 2 4.744.90 5 3,567.90 - 5 3.567 -90 - 5 3,567 -90 3 - S 4,572.90 4,572.06 4 15,562.90 S 4.877 -90 - 5 4,877.90 - 5 4,877.90 - 5 300.90 2,790.00 17 5,109.90 S 300 -90 3 S 455.90 5,840.00 17 8,415.90 S 955.90 19,500.00 29 28,855.90 JUNE 2011 Country Club Revenue Report Golf Rounds Comparison 2006 -2007 2007 -2008 2008 -2009 2009 -2010 2010 -2011 Month Course Renovation & Start-up Actual Actual Actual Projected Actual Difference October closed 3323 3667 3820 3500 3,352.00 (148 November 1925 4733 4084.5 4188 4000 3,963.00 37 December 4813 4007 3917 3866 4000 2,933.00 1067 January 5597 4644.5 4818.5 4518 4750 4,333.00 417 February 5305 5291.5 4598 4538 4750 4,550.00 200 March 5728 5545.5 4847.5 4769 5000 4,856.00 144 April 4825 4931.5 4960.5 4577 4750 4,314.00 436 May 4251 4921.5 4545 4999 4500 4,098.00 402 June 3863 3539.5 3853.5 4021 4144 3500 3,174.00 326 July 4118 4334 4057 4000 - 4000) August 4185 3838 3999 3635 4000 - 000 September 3430 3209.5 3562 3135 3250 - (3 0) TOTAL 48040 52,318 50,970 50,210 ,000 3. 5732o (1 442 38,750 1 35,573 JUNE 2011 County Club Revenue Report Gaff I Food and Be %rage Monthly SIIr]ntlary Adopted Budget October November December Jammy Febmaiy hfarch April MaY Julie Year -to -Date Golf Green Fees 784.000 42,922.25 70,727.35 67,529.00 104,377.95 125,536.20 144,974.14 89,999.06 45,316.37 29,254.18 72D,627.50 Golf Cart Reel Fee 1,417,060 67,898.52 78,024.43 56,034.04 84,989.90 90, 383.22 97,596.66 89,45027 79,120.28 55,254.77 698,752.45 %IRMMFee 40.760 2,549.50 4,597.04 3,864.50 5,428.56 5,346.00 5,033.54 4,410.OD 3,192.50 1,821.00 36,242.56 GolfMercltan&e 140.000 8,333.58 10,817.31 12,767.D9 12,698.72 12,945.34 13,525.03 11,86(1.72 11,981.92 8,977.06 103,866.77 Driving Range ?00,227 10,927.02 13,441.91 12,429.34 20,916.88 27,593.40 33,013.16 24,842.36 16,557.67 13,427.46 173,149.20 Lessons 36.400 6,985.40 8,230.04 8,M0.04 10,125.00 9,565.00 12,135.00 11,804.00 8 ,274.00 6,327.50 82,377.50 CaWvSpecial Events 8.400 40D.00 - - - - - - - 400.00 Membership - Resident 438.795 299,564.21 1,896.30 4,345.04 27,207.47 23,572.81 15.09 356.560.88 Nfemberslup -Non Resident 311,900 190,829.72 8,630.94 10,D&0.40 26,449.65 24,198.51 260.189.22 �fembaslup -hurior 9.400 3,600.40 600.00 - 300.00 300.D4 300.00 340.00 5.400.40 Membership- Business - - - - Membershup - Sun nier- 24,255 - - - - 495.00 9,900.00 9,904.00 1,485 -00 21,780.40 Toerttament hccee& 10.400 282.40 415.40 (1.40) 1,268.04 (565.00) 290.00 220.16 99.00 165.63 2,173.79 Food &Be- ,-efage Re -,mue 1,400,400 55,292.15 65,758.30 84,972.42 56,643.46 71,235.61 72,619.51 60,924.37 56,321.59 47,437.45 571,204.86 Total 4.019.397 631.479.40 263.138.54 260.827.16 350.445.59 342.299.77 427.753.32 303.397.94 231.074.42 164.150.05 3.032.724.33 YU E 2411 Country Club Revenue Report Golf.,-'Food and Beverage Fear -To -Date Summary T`�r„ A R -T -DA TE .SUM-AII I- Adopted Budget Year -To -Date % Golf Green Fees 784.440 720,627.54 91.92% Golf Cart Rental Fee 1,017,460 698,752.05 68.70% Walking Fee 40,760 36,242.56 88.92% Membership- Resident 438,795 356,560.88 81.26% Membership -Non- Resident 311.940 260,189.22 83.42% Membership- Junior 5,440 51400.00 64.29% Membership- Business - - 4.00% Membership - Sumner 24,255 21,780.40 89.80% Golf Merchandise 144.400 103.866.77 74.19% Golf Lessons 36,440 82,377.54 228.83% Driving Range 204,227 173,149.24 86.48% Camps 8,000 440.04 5.00% Toun- lament Proceeds 14,040 2,173.79 21.74% Food & Beverage Revenue 1,004,040 571,204.86 57.12% Total 4.019.397 3,032.724.33 75.45% Total i� of Rounds 54.440 35.573 71.15% ,SI O RF17ENUES Drh-ing Range M -b-ShT Cart Rental ❑ AEng Fees GnmmsFms Lsssaus Toumameol Proceeds Merehamlise Sales Special Events-fa Food & Be�wage -Lease Operatiom Liquor Sales Food & Beverage Sales Sales of Smplos Interest E Other T*hd Rewimes INPENSES Personnel: Salary & Benefits Operadug: Accomting & Aumlibmg Charge Card Fees i bDirarr,.al Se -ires Fntertamnmmt Rental- EmTa„tlUmfmm, eic_ Legal Fees Lsssaus Muketsng & Adt-erusm@ Materials & SMPPEes Metz end se Rep= & Maintenance Solid RW aste Disposal Utilities Other Opemiing Casts Capital: Capital Outlay Debt & C*er: Dept S� Golf Cart Lease Im�e -Prop & Geu Liah Comaogensp TDW Espeoses Reveuues over (u der) empm es The Village of North Patin Beach Country Club Budget Summary Third Quarter Ending .lone 30, 1011 11m a G*U F& B ?411 A&M n S 173,149 40,02$ 643,930 0 696,752 1687 36,243 - 72.628 0 82,378 153040 7,174 668,752 103,867 1,320 400 - 175,9,DC 23,718 394,495 5,370 24,328 5,165 43,798 810 4,372 3403855 1 2733563 1 513738 3,056 1 0 214,868 56,42{9 30,627 0 Totd FY 2611 Badpt ab of hodget (Target 754i) 40,02$ 8,419 0 886,690 1687 5,459 - 20,306 0 686 153040 23546 668,752 114173060 1,320 22,452 - 0 23,718 8,504 5,370 24,328 76,796 3,719 64,648 235,669 0 12,867 5,675 0 6,271 6 ,271 0 111,847 38,671 4,099 10,746 15,733 2,704 3,056 1 0 214,868 56,42{9 30,627 0 Totd FY 2611 Badpt ab of hodget (Target 754i) Paiur Year f13US919 Alhw WAV2910 S 173,144 $ 208227 86.43% S 146,595 F 174,939 5 643,430 783,346 8220% 7523854 753,349 668,752 114173060 69.70% 7663993 960,999 36,243 44760 ss9m 403110 45,215 720,628 784,060 9192% 673,321 753,366 B2,378 34,0110 22&83% 37,903 49,346 3,174 30,006 21.74% 3,268 3,470 3143,ti67 1403006 74.19% 1653137 I33,324 440 8,040 500% 200 200 0 0 0.06% 28,241 2&241 175;100 300,000 58993% 31,61.1 K145 364,495 700,440 5634% 52,379 159,939 0 0 0.00% 124,000 U0,000 S,m; 3x00 147.58% 12,216 14,686 48.981 39,075 12535% 89,662 9$016 A. 4.061,972 7597% 2,852,586 0 �� 31112,735 so 6466,156 92:,199 !kW 471,317 9134 +2000 9 amm 20830 3 213.103 910.249 1,071.758 998,584 1.00'1.7-06 39,910 32 .515 BM059 863444 21,632 U,275 509 21.790 13338E 138.512 1$104 4 .218 I92,735 175.753 0 0 7,376 36.431 71,372 65.933 Os6,1760 4.061,972 7597% 2,852,586 3,36f,2M 31112,735 3,652AU 6466,156 92:,199 72.00% 471,317 715,437 558,873 521.49 5,411 8,000 7319974 5,187 5,137 6,512 5.m 48,417 51.000 9591% 37,646 5$262 51384 48,024 908,436 1,220,208 74.4914 9123978 1 ,214,879 IaW7245 1 ,257.671 20,306 MAU 9837% 5,836 11,032 0 0 18,271 38,960 4490•% 12,781 19,1:4 133,737 113 .503 1,820 10,000 182074 10,672 1L652 2,488 3.623 22,462 9,600 233.88% 14,792 14,580 i,684 8,927 37,593 60,000 62.4974 30,698 47,634 41,869 41A99 54,943 61,000 89.91% 71,383 81,934 A993 39.854 3041,517 432,000 69.56% 101,460 18+9327 112,419 105,496 18,543 4850 5032% 96,875 5$749 17,385 192692 13,543 33,245 94.69% 12,410 1$040 9.866 0 154,616 282,536 54.72% 152,134 307.725 138,622 2M.514 29,184 97,066 51.14% 34,578 40,590 31,I06 12_505 3,0$6 7 ;3904 4.63% 273187 36,972 35,951 5 .250 214,888 424,001 50.57% 253,758 4713149 506,548 494,759 56,436 75,300 7494% 143 ,367 160,626 71,157 71,157 30,627 793000 35.77% 57,786 56,923 6347 15.166 0 180,699 0.00% 0 4 t 373,171 605 633 4,061872 61.15!4 2,-002,476 SP7,314 3,180,526 3 ,517;514 4&41,439 i - S 4563014 x t34P52j $ 1313409 3 335,123 Rounds 18% 353573 50,006 38,246 W,210 50,910 52,396 Holding down expenses Country Club Contingency FY 2011 Country Club Contingency Original Budget Less: Expenses: Remaining Country Club Contingency 1 90,699 180,699 $ 180,699 VILLAGE OF NORTH PALM BEACH COUNTRY CLUB PRELIMINARY FUND BALANCE ANALYSIS Unrestricted net assets - September 3D, 2DO9 (As Adjusted) Net Incomei(Loss) FY 2D09 -301 D Changes in "Invested in Capital Assets net of Related Debt" Unrestricted Net Assets For Fiscal Year 2009 - 301 D 3009 -10 434,213 (100 „640) 69,689 (30,951 403,261 i � , IF REVE2tiL'E , Driving Ranee hiembe Aap Cart Rental Vralk]ng Fees C... Fees LessO Tournament Proceeds Merchandise Sales Special Events -,Camps Food & Beverage-Lease Operation Liquor Sales Food & Beverage Sales Sales of Surplus Interest Earnings Other Toral Revenue: EXPENSES Personnel: Salary & Benefits Operating: Aeuouutiug & Auditine Charee Card Fees Contactual S•en -ices Entertaivanent Rental- Equip=nV nifoma, ete Leval Fees Lessons Market:ng &- Advertising Materials &r Supplies Merchandise Repaus & Maiwmance Solid Waste Disposal l7tilm -, Other Operating Costs Capital: Capital Outlay Debt & Other: Debt Service Golf C art Lease Insurance- Prapenty & General Lin :7- Conringencv Total Expenses Rm -ennes over (under) eipense: The Village of North Palm Bench Country Club Budget Summary Fis c al Yea 1- 2011 -'012 Budget Original 9 b Increase." FUfdl Psar 1411- 2012&trdffec FY 2611 {Decrease} Actnal Achut Aclul Golf F & B Admin. Total Budget in er 2011 Budget 4+30.2014 "W20W SAIn060 $ 197,384 197380 5 100,717 -19 b 3 174924 $ 208230 # 213,103 664,970 6454.970 783,350 -1444 751,344 916244 1,071,755 1,419,820 1,019,320 1,017,464 03ro 960.594 998,554 1,067,706 41,564 41,560 40.764 2Ru 45,215 39914 32.515 836,504 936,500 764.[,[.[. ltD 753,886 816.059 863,046 100,004 1001000 3s.44o 178-0 44,365 21,62 22275 - 0 10,440 -1004 0 1,470 503 21,740 137,044 1373)00 140,000 -246 131,324 133386 135,512 4,404 4,000 8,000 fi0g3 200 12,204 4.219 - 0 0 0#u 28241 142,735 175,753 256,622 236.52, 300,000 -1444 54,145 - - 591,086 700,000 -1644 158,6.34 - 4 0 03ro 124,000 0 0 3,500 13PD 14,686 7.376 36,431 42,900 - - 4;.940 34,476 10x6 92,016 71372 16,833 3,&M,130 847,710 8965 3.90014S ............... Doi, 2 -4? b 3 f5 JAW35 IF5 ill u 512,810 340,057 -62,366 r621798 425,194 -1U '15,637 55&,&13 521,M - - 7,000 8,000 -13Rg ' a�/� i,187 6,512 5,466 51,004 11,796 C 61,660 1.3rgy' �+A a 51.2m 48,024 1,191,888 27 ,386 4,139 1,223,415 1,220,208 03b+� A ft- 2 Q • 1 47.745 1,257,611 12 ,544 C 12.544 20,644 0 0 4i 8. { Q - 1.432 �r 'n 4 0 3,000 17 ,544 3,540 23,00 38,460 vv YO : 1 113,543 7,500 7.540 10,060 2.458 49,004 C 40.)40 9,600 317#4 • / C � � 4 ��174 (� 36,000 6,000 SM40 0.000 -171m 54,3 -64 3$ 25) 4,)44 89.-619 41,444 17ui �r 51 t v 8 S�OC. 41 �v 108,004 308 ,285 C 1116.285 432,666 -in 184,527 ✓ �i �rq J 0.12 32,164 12 ,901 C 4x.065 36,844 22?i 54,748 a 14,642 63899 6,899 C 13,798 13,215 4#4 I I w 4,866 0 154,421 61,692 5,735 226,848 282,Cti36 -204n 207,725 238,62 264.514 18,304 9,600 6,540 34,400 57,065 -3043 40.590 31,105 52,505 15,504 - C I�;,500 -5,849 -SP413 36972 15951 5.250 394,901 394901 424,441 -7ub 471,149 506,546 494,759 75,300 7.+'.340 76,300 oft 160,626 71,157 71,157 39,864- 39.864 "4,000 ,Wla 56,923 63347 150,166 114 0 6 343,4n Aoumis 206,827.00 3.900.699 -1,0151,9 �2 --1u6 3,397,216 3,180,826 3,517,51f 5 - S - [30052} $ 231,909 5 135.125 30,444 50,000 03ro 50,214 50,910 52,316 VILLAGE OF '.NORTH PALM BEACH COUNTRY CLUB Expenses - Budget Year 2011- 2012 Total $3,900,695 By Deparrmen4 Contingency Insurance-Prapern &General S 206.327 Debt Service Liabilitz- 539.85.30% 5.3 574,_'01 1.02% + 12.04U - f _administration f+ 5106,742 74 q,6 = -_ -- GPIs Food & Beterage 5&47,710 21.73% By Function ontin gencz : Debt Service: 5206,827 Personnel: 5470,201 5.3i}9� 5915'235 12.05% Insurance -Nopem & General 23.464 Uab4lin Capital: S39,864 515.500 0.4 0% Operating; $2,253'068 Total O eratin Costs = p 57.764 $2,292,932.00 (58.78 0%) Total $3,900,695 Expenses by Co Village b Buds T Palm many C:ountr4 Club Budget Summary Fis c al Yea 1- 2011 -'012 Budget Department Original 9bInrrease? FisrelPsarl$t1- 2Afi &trdffer FY 2611 {Derrease} Artoal Arid Arlin Galf F & B Admin Total Eludget m er 2411 Budget fl +34.2014 "W24W SAIn64){ REVENUES Giving Ranee $ 197,380 197380 5 200,717 -10 b 3 174924 S 208236 # 213,143 hiembe Aap 664,970 6454.970 783,350 -11164 751,344 916249 1,071,751; Cart Rental 1,419,824 1,019,320 1,017,454 oft 960,594 948.554 1,067,746 Vralk]ng Fees 41,564 41,560 40 -760 2Rro 45,215 39914 32,515 C... Fees 836,504 836,500 761. { {. {. ltD 753,886 816.459 863,046 Lessons 100,000 1401000 3ti. D['0 1'.8 ='0 44,365 21,622 22275 Touanament Proceeds - 0 10,G60 -100a 0 1,470 503 21,790 Merchandise Sales 137,004 137.)00 110,400 -246 131,324 133386 138,512 Special Event; -'Camps 4,440 4,040 8,000 f-064 200 12,204 4.219 Food & Beverage-Lease Operation - 0 0 0#u 28241 142,735 175,753 Liquor Sales 256,622 2361522 300,000 -1164 94,145 - - Food & Beverage Sales 591,486 5911088 700,011L1 -1564 158,834 - - Sales of Surplus - 0 4 oft 124,400 0 0 Interest Earnings 3,857 S,S ± :s 3,500 13PD 14,686 7.376 36,431 Outer 42,940 - - 4;.940 34,476 1(06 n-016 71372 16,835 Total Revenues 3,&M,130 847.710 8,845 3594)0.695 4,0019T2 -1? b 3,3"5 3612,235 3,652,941 EXPENSES Personnel: Salary &Benefits 512,810 340,457 62,368 915.235 926,199 1% 715,637 55&,&13 521249 Operating: Accounting & Auditine - - 7,000 71040 8,000 b -1 5,187 6.512 5,986 Ch=e Card Fees 51,)40 11,796 C 621795 61,000 %ts 52262 513E4 48,02' COnnaCtu:d Sen -ices 1,191,888 27,386 4,139 1,223,415 1,220,20 � 1214,874 1247 .245 1,257,61: Entertainment 12 500 G 12.544 20,600 �e 432 0 Rental- Equip=nV niform, ebe 3,040 17,3W 3,500 23.840 3 3960 • 0 113.737 1 LeealTees 7,500 7.540 1 -25uo 11, 2,48S Lessons 49,)44 G 44.)40 9,600 - /;e 17+14 A4 0 5,ES4 Market:ng & Advertising 36,044 8,044 6,000 54.)40 64,461 v �g,0 �I�{4 ��SO Materials &r Supplies 54,369 31,25) 4,000 89.619 61,460 X14 S� 81,93A - Menchandise 1)8,000 348,285 0 1116.285 432,044 -4% 184.5 N ��1((� 4��:��8� Repaus & Maintmauce 32,164 12,901 0 4x.)65 35,840 224 �4�N 52 �N ' S 19,5 Solid Wasm Disposal 6,899 6,899 0 13,798 13,215 4#4 YI 11440 Yb 6E 4 S7tilities 154,421 61,692 5,733 226.848 282,536 -246ti 207,725 V E22 26#,51= Other Operating Costs 18,344 9,600 6,500 34,440 57,065 -3464 40,594 41.10E 52,545 Capital: Capital Outlay 15,544 - 0 15,540 75,804 $464 36972 15,951 5.250 Debt & Other: Debt Sen. -ice 394,901 394901 121,441 -746 471,149 506,54S 494,759 Golf C art Lease 75,340 7.+'.340 76,300 oft 160,626 71,157 71J57 Insurance- Praperty & Gemnal Liability 39,864 39,864 79,000 ,Wla 56,923 63.247 150,166 Conringencv 206.827 ' 1 180,644 11?4 4 6 3'3,1T1 Total Expenses 2 699 Sat S47.710 393,433 3 00,695 -1,061,972 -1411 3 lr'F,216 3,188,826 =1' �1^ e -ennes over (Under) expense =_ Rounds 30,000 50,004 0'�ro 54,214 50,910 72.? E The YiRage ofNortb Palm Reach Fiscal Year 2x11 -2012 Country Club Proposed Bud -e1 Administration Budget is down 18.6% or $80,580.00 46 Increase Original 2011 (Decrease) over Actual Actoal Actoal FY 2012 Budget Budget 2011 Sidget 49130146 18% Personnel salaru: Regular Pay $ 33,943 S 69456 5146 $ 134,496 $ 147,569 $ 132,849 Overtime Pay 1,000 1,440 0% 1,356 - 196 Part -time Pad• - 34,943 430 - - Benefits: Pension 5,954 13.831 -57% 21,OS2 20,222 23,174 Health lusuauce 11 ,284 21,936 -49% 24,326 26,255 24,081 FICA.'Medieare 2,670 5,355 -50% 9,658 14,5.1-6 9,340 L.T.D.Insurance 200 410 -51% 659 743 80-) Life Insurance 108 216 -50% 288 306 390 %Vnckes's Compensation 59 215 -'7346 1,134 3,660 3,25? other 7,150 27,425 - 0% 1,411 6,838 13,335 F, 63,368 $ 112,479 ,154v $ 194,113 S 218,139 S 207AZU 12% Op ergting Aecounting &?auditing 7,000 5,400 -13% 5,187 5,512 5,986 Charge Card Fee - 54210 -100% 4,995 4,889 4,802 Co tra tualSe ac s 4,139 7,540 -45% 6,264 4,920 2,940 RentaJ- Copier 3,500 3,344 630 3,411 3,621 2,656 Marketing & Advertising 6,000 6,440 430 14,950 25.685 21,123 Materials '& Supplies 4,000 5,540 -27% 3,675 4,253 5,867 Memberships 4e Dues - 100 -100% 767 674 - Pnsrage 4,000 5,040 -20% 23365 43461 5,163 Printiue & Binding 2,500 2,544 0% 1,851 1,403 913 Repairs &•laieteeance - - 030 137 - - Uzufmms & shoes - 440 - 100% - - Utilities 5,735 E,535 -33% 6,458 7,843 S.011 Legal Fees 7,500 14,4110 -25% 11,652 2,458 3.623 Other Opera73u=- Ca-ts - 430 1,444 4,025 19.449 44,374 61,836 -284V 63,177 74,774 80,393 0% Capital Audio, Visual, & Connma- Svs 0 4 430 0 0 0 Computer Hardware Sc Software 0 0 030 0 0 0 Ftu =_-vre Sr Fixrtnra 0 4 436 0 0 0 Cou :_uetirna & Major Renvaticu 0 4 430 0 0 0 Ma �hiuery Se Equipureut - - 430 - - - 70% 0 0 4#b 0 0 0 Ile Gauttu4e =c� 206 827 15x,699 14% 0 0 373,4711 Insurance - Property & General Liability 39,964 79.400 -50%5 56.923 63,247 150,166 246.691 299,699 -5? u 66:923 63,7-47 621,637 TotalErpeases 5 31,431 x33.413 -1980 311. =13L - 3a7.160 - 91LER Budget is down 18.6% or $80,580.00 The S- illage of North Palm Beach FiseAYear 22011 -2012 Country Club PropDiedlludget Golf Summary -4 3acro-s SF r.emd 2P1J (Darns ) -- Ac-3 Ad..1 A.M.] FY 2012 Hmdget Hvderr 2P1J B.deer 69 3P :J4 ai13I7" D"I]M 19% P44sammel Salary Remi:arPay i 115,138 3 123 627 57: 61,37& 56,492 60,967 Oserdme?ae 5,2C13 3 04 1.433 4.378 3311 Lessons 40,004 13,4)06 1.57% 24,960 16,214 12,123 Part- tmepuy 248,023 4U8,361 193,309 21% 214,496 244,233 193.304 IT Denean: PEr -3DU 20.103 24372 -1816 4399 11,439 13341 REAM = nsarance 29,633 23,446 m 25,519 15,694 10,912 FiC.k'MedicaTE 31,164 2-TA02 22%6 22,705 21,275 19,479 L-TD. Insu-Tamce 643 1593 -155: 352 406 453 Life lmsurmu 327 324 1726 216 214 305 Workees Compeosaton 4,404 6,4594 -34;6 4,004 M729 9,516 Oiler 18,158 1UM!p 4,-954 349% 3397 568 63% OFe= :-icg S1-I'1a 424507 21K S 36 ,253 $ 310.43! $ 313.921 -'L- srrisiag Sr Markeoag 36,044 3d, -9ua o 16,392 16,165 210,576 Book- 3r ?abticalloms 106 IN 0% - - - C'ia_= -eCard Fee 51.04 464)04 33% 44.957 46,396 43.222 C -A RE -114Ge 1,500 3•,4)00 -50°6 541 599 748 - 4)..e =aces dr Sem marl 1.400 544 14676 - -= o_ra.crual ierciicei 1,191,888 1,1&4,821 1,292,325 1,254,671 R,n-.2 - E.q:aipmen1 :CTo -f Club 3,400 3,4)02 0% 8.714 110.116 114,846 Gas, Oil Se Lubrkanis - - 0% - - - Golf ff mccap Enpemse 3,400 4,404 -32% 3.724 3,461 5324 Lessons 40,044 921506 317% 14,530 5,664 9927 12aterials SUj:?Uei 54,359 44500 2m 36,537 40,222 43x331 - M2mt,2mhV- & Dues 2.500 1.4)02 1.5076 344 459 956 M2yrhar3i72 103.044 112,4)0o- -4% 65.549 112,418 105,496 - )3mtiog Sr Rmdno 4.400 6,4)02 -3316 3564 3.435 3,695 ?rofie=- siooa_ SL" _Ces 1,005 1,4)06 0% 4,112 2,118 2,085 R,epaics & Naim anre 31,164 24,35* 31% 35,779 16,5-40 17,994 Soi3V,'airEDlipoial 6,899 6,1523 4115 61020 4,934 - SpeckC awis : Camps 546 Sao 0°15 - - 1,970 Trace_ 306 320 0'.15 - - - LodEorm- :Shoes 4,400 4.000 30% 1641 2;389 2,715 ti cures 159,431 226939 -24°. 154,795 173,241 151593 O3re7 CT:e7atiog Com 0% 44 1 ° 1,701041 1-702,�oa 4)K x39a,lea x,s3:15,024) 1-�7a„aa3 o Cspit2l Au3io, F_saal, 8r Comm. Sys 0 0 0°15 0 0 0 Com ,auter Hardware & SoRwaTE 0 0 016 4 0 0 Famtore 8r Fixtarei 0 0 0% 0 0 5,250 CGEMirJECion A MWDT Renosatiom 0 €?.309 -1UG 6 2 -468 '1.152 0 1•tachinem A Egjlpmierl 15,500 0% 7 ,246 4.739 1.x+,9309 U1309 -7784 0914 15.1-51 5,250 17% o Debt A Other DebtServ_ce 394,901 424901 -79: 471,144 546,548 494.759 Golf Carl Leaie 75,304 73300 0% ldo,626 31,157 71,157 5mal -1544 1531-475 577,795 575,916 Tchd Erpeoses ?.64q..^ 2 :.59,.211 4)4 S X6113,129 2,?70348 2,644,357 Budget is up 0.15% or $4,141.00 The Village of North Palm Beach Fiscal Year 2011 -2012 Country Club Proposed Budget Food .fir Beverage Summary Budget is down 9% or $84,838.00 1 LI 'A Increase Gr{aino12011 (Decrease) orer Artoal Actual Actual FY 2012 Budget Budget 2011 Budget 09130:'10 09 +30:09 09130. +08 40% Personnel Salary- Regular Pay $ 61,449 $ 102,368 -40% $ 43,701 S S Overtime Pay - - 03'. - Part-time Pa }' 212,347 273,3156 214,426 -1% 80,873 Benefin: Peu3ion 9,769 16,669 -41% 6,224 _ Health Insurance 16,942 21,936 -23% 8,404 - FICAf- Medicare 24,857 24,170 -14% 11,144 - L- T- D.In3urance 324 567 -43% 253 - Life Insurance 108 216 -50% 99 - Workds Compensation 4,094 7,857 48% 3,274 Other 14,647 66,701 - 03. - S 344,057 $ 38s,319 -la+ $ 133,9,71 $ - $ - 60% Operating Advertisiag i hiarketieg 8,040 18 000 -55% 16,302 Charge Card Fee 11 „798 - W. 2,309 Contractual Senices 27 „388 20,320 35% 27,794 - Entertaimmem 12 „544 20,600 -39% 11,032 Rental- Equipmenid inem'Umform 17,344 32,660 -47% 6,995 Ga 3, Oil & Lubricants 100 104 03'. 42 Licenses & Fees 5,200 5,204 03'. 3,704 Materials & Supplie3 31,254 25,400 25% 53,292 Merchandise 348,285 320,400 -43'. 98,978 Profe3sional Ser -ice3 600 - 03'. 720 Repairs & Mamtenauce 12,901 12,300 5% 16,832 848 1,699 Solid l -ante Di3posal 6,899 6,622 43'. 6,020 4 „932 - Utilitie3 61,692 65,46: -5% 50,472 52,538 44.909 Other Operating Com 3,700 10,965 -66% 4,053 - - 507,653 X6,8;4 -34+1 M,545 38,318 45.,608 0% t= apical Audio, Visual. & Comm. S�•s 0 0 D°a 0 0 4 Automanve 0 7,504 - 10010 0 0 4 Oomputer Hardware & 5ollware 0 0 4' 0 9,973 0 4 Furniture & FLxture3 0 0 0°0 9,990 0 4 Dining Rvvm Tables & Chairs 0 0 0° 0 0 0 0 Con3mictron & Major Renovation 0 0 Wl: 0 0 0 China, Glass. Silverware, etc- 0 0 0°: 0 0 0 Machinery & Equipment - 4°: 7.095 - 7,400 - 100°.•5 27.048 0 0 Total Expenses 847,710 $ 931,348 -44.0 5 479. --4 -MIS 45.606 Budget is down 9% or $84,838.00 1 LI XDenses FY 2012 Golf Operations a ions 1 FT Head Golf Professional First Assistant Golf Pro 1 FT Outside Service Coordinator 1 FT Outside Service Attendant 7 PT Golf Shop Attendant 5 PT Driving Range /Ranger 9 PT Member Relations Coordinator 1 PT ( +1 PT) Sales & Marketing Rep 1 PT ( +1 PT) Country Club Organization Chart Residents of The Village of North Palm Beach Village Council Village Manager Administrative Support Adm4nistrative Assistant 0 FT ( -1 FT) Accounting Clerk 1 FT VILLAGE BOARDS -Golf Advisory Board Food & Beverage Operations Director of Food & Beverage 7 FT Assistant Restaurant Manager 1 PT Re s 0 PT ( -1 PT) Restaurant Sales Coordinator 1 PT ( +1 PT) S4@f- 0 FT ( -1 FT) Chef 1 PT ( +1 PT) SbM_Gwf 0 PT ( -1 PT) Line Cook 5 PT Renter Service Personnel 15 PT ( -9 PT) Badende 0 PT ( -7 PT) Dishwasher 4 PT Snack Bar Attendant 6 PT ( +6 PT) Summary: Change_ FT =5 -2 FT PT =56 -8 PT Personnel Summary COUNTRY CLUB F/T P/T LY= 7 64 TY= 5 56 ''J - 0 mpensation Overview, PE -M------6 16 ees - 71 Medical /Dental Overview Health & Dental Insurance: • No change in Provider is being 9 recommended for this year! • 6.87% increase anticipated for renewal (ea. 1% _ $13,808. , ($566.00 CC only)86� Healthcare Insurance - Monthly Employee Cost HMO POS Single +1 Family Single +1 Family TY= $0.00 $ 102.88 $216.04 $79.21 $261.06 $461.21 LY= $0.00 $ 96.26 $202.15 $74.12 $244.27 $431.56 Village of forth Palm Beach Country (Aub FY 2011 -2012 Budget Highlights lumber of Memberships 287 Target lumber of Rounds 50,000 Operating Highlights: *Golf Course 1N-11intewance Contract 1,153,888 * tidties 226,848 *Cost of Golf Merchandise 108,000 *Cost of Food & Beverage Merchandise 308,385 *Golf C: art Lease 75,300 *- N-laterials & Supplies 89,619 "Repairs & Maintenance 45,065 *- Marketing. & Advertising 50,040 *Prop err ::General Liability 39,864 Total Fiscal Year 2011 -2012 Operating Costs S 2,292,932 Capital Highlights: *Golf Launch Monitor 15,500 Total Fiscal Year 2011 -2012 Capital Outlay S 15,500 Capital Expenditures: CaQj al Outlays: Village of forth Palm Beach Country Club FY 2011 -2012 Budget Highlights lumber of Memberships 287 Target lumber of Rounds 50,000 Operating Highlights: *Golf Course - N-11intenance Contract *Utilities *Cost of Golf Merchandise *Cost of Food & Beverage Merchandise 'Golf Cart Lease *- N-laterials &. supplies "Repairs & Maintenance *-Marketing. &. Advertising *Prop err ::General Liability Total Fiscal Year 2011 -2012 Operating Costs 1,153,888 22,6,848 108,000 308,385 75,300 89,619 45,065 50,040 39,864 S 2.292.932 Capital Highlights: *Golf Launch Monitor 15,500 Total Fiscal Year- 2011 -2012 Capital Outlay S 1; Z; Debt Service: Fund Original Loan Bank Amount Country Club Debt Service Schedule Approx. Annual Purpose Naturity Date YearFFerm Periodic Payments Payment Country Club Bank of America $ 4,893,673 Golf Course Renovation April 2024 18 year fixed (4.11%) Semi - annual $ 394,901 Country Club PNC $ 284,004 Capital lease - Golf Carts { ") December 2013 3 year lease Monthly $ 75,300 r80oon payment = S96,000 @ maturity) Total Country Club 5,177,873 470,201 ri enues Revenues � 0 o In VILLAGE OF FORTH PALM BEACH COUNTRY CLUB Revenues - Budget Year 2011 - 2012 Driving Rauge Niembersbip $197,384 $664,970 o- 5.0b /° 17.05 °I. 1�et 0 Dn%, v RakRe $292.755 7.51;u ■�i berslnp ❑ Can Rental Walkim, Fee 1 3 ❑ ree Fees Gns Cart Rentalr-alking Fee - - — $1;061;380 Food & Beverage 27-21% $947.714 ■ Food 8r Beveraee 21.73% Greens Fees $836joo ❑ Other 21.44% Total 53,900,695 North Palm Reach Counti-v Club Golf Revenues — YY 2012 Aiembersh*s: (projected based an 2010.'2011 information) a) Resident (Single & Family) b) Non - Resident (Single & Family) C) Business d) Sumner e) Yurnor f) Golf Plus TOTAL Greens Fees: (projected based on 2010 }2011 figures by SEASON) TOY4L .SI BTOT -IL Di i %ing Range (projected based on average of last 3 Fiscal Years) a) FY2011 (6/1/2010 - 5{31!2011) FY2010 FY2009 TOTAL GAAAD TOT-4L 205,337.00 178,572.00 208,230.00 $373,485.00 $265,100.00 $0.00 $21,285.00 85,100.00 Included Above ,566J,970.00 150 77 0 43 17 6 (included above) 287 (Includes Juniors) $16.73 FY 2012 Season (Dales} Re►-erm?s a) Fall (Oct_ 10 - Nov- 13) $54,120.00 b) Pre--W- inter (Nov_ 14 - Dec. 18) $70,018.00 c) Shoulder (Dec. 19 - Jan. 29) $133,670.00 d) High (Jan. 30 - Apr. 8) $267,901.00 C) Spring (Apr. 9 - May 6) $80,184.00 f) Summer (Oct. 1 - Oct. 9 & May 7 - Sept. 30) 5165,779.00 TOTAL Cart Rental & 1Y.-d ing Fees: (projected based on 2010/2411 per round averages) a) Average cart fee per round played (Exchuhug walkers) $22.17.X 46,000 b) Walking Fees $10.39 R 4000 rounds TOY4L .SI BTOT -IL Di i %ing Range (projected based on average of last 3 Fiscal Years) a) FY2011 (6/1/2010 - 5{31!2011) FY2010 FY2009 TOTAL GAAAD TOT-4L 205,337.00 178,572.00 208,230.00 $373,485.00 $265,100.00 $0.00 $21,285.00 85,100.00 Included Above ,566J,970.00 150 77 0 43 17 6 (included above) 287 (Includes Juniors) $16.73 F'Y2011 Greens Fee-Round $16.73 FY2012 Greens Fee Round 56.000 Prof- FiDuadc 5836, 500.00 51,019,820.00 541,560.00 $1,061,380.00 $2,562,850.00 $197,380.00 $2, 750,230.00 (atg. 511.22 X 50, 000 rds. J Membership Uns, its Privileges... At the North 1'K lin Beatch Comiti- Club! jh Platy the Top- Raaiaked Municipal Golf Course in Florida* P,, 15% Discount on Golf Shop Merchauadise i;b 15% Discount MIC11 yval bring; at Guest to play (limits apply) v4, 20% Discount on Range Balls using the K,cy- -Debit System i�, Discounted Golf'Cart I�ccs cac,k� ' f ib uouse -Account Chary in g Privile Yeti 1w R r�4p rh Members -only Short Game Area ' `� w FWC Monthly I11st1- 11Cti011.a1 Clinics {La- Srativar} rb Members - onlyy Golf Dents P. 7 Day Advanced Tee -Time Reservations i,h Discounted Private Instruction (raates vary by instructor) ro F)mm Personalinwil Member Bag'lligs [,, Free Personalized Golf Club Sha ft laabcls 14, Bag Storage Available jh Loekers Available. jo Permitted iii Walking 1 ermittc*al *GnlTweek Maxwiuc: #27 in America, #1 in Florida A SIGNATURE GOLF COURSE North Palm Bea Club - FY2012 Proposed Membership Fees 5 %ed Actual Difference Special Offers or Notes e ,205.00 5,2,205.00 0% Instalment Plans: Pay a 3% Administration Fee R 1 eAt New Members: Receive 1011/6 Off (Can not have been Family $3,360.00 $3,360.00 0% member during FY2010 - FY201 I) Single $3,200.00 53,200.00 0% Instalment Plans: Pay a 3% Administration Fee n- Resident New Members: Receive 101/o Off (Can not have been Family $4,300.00 $4,300.00 0% member during FY2010 - FY201 l ) Golf Plus Resident Single $2,477.00 $2,477.00 0% Instalment Plans: Pay a 3% Administration Fee New Members; Receive 10% Off (Can not have been Family $3,770.00 $3,770.00 0% (Golf, Tennis &Pool) member during FY2010 - FY201 l ) Golf Plus Non - Resident Single $3,567.00 $3,567.00 0" /, Instalment Plans: Pay a 3% Administration Fee New Members: Receive 10° /a Off (Can not have been a Family $4,877.00 $4,877.00 U° /, (Golf, Tennis & Pool) member during FY2010 - FY201 l ) N.P.13 Business Single $2,650.00 $2,650.00 0 °/6 Eligibilty: Non - Residents owning a business or rental Family $3,750.00 $3,750.00 0% property within the Village. Juniors Resident $300.00 5300.00 0% Junior Golfer Pass prices will be the same for Residents Non - Resident $300.00 $300.00 0% and Non- Residents. Option A: $495.00 $495.00 u 0% Restrictions: No Charging Privi ledges. Option I3 is Summer Cart Fees On! limited to Mon -Thur ANYTIME and after 11:00AM Fr Option B: $995.00 $995.00 0% Sun (or pay a cart fee). (includes Cart Fees Unlimited Golf Cart Single $3,000.00 $3,000.00 NIA Allows Members an "All - Inclusive" option where they pre -pay for all cart fees and there are no per play Each Additional S2,750AQ 52,75Q.00 NIA Program charq'es. Silver (Par) $10,000.00 $10,000.00 NIA Silver allows yap to four named individuals employed at a company to join under one membership. Gold and Gold (Birdie) $14,000.00 $14,000.00 NIA Platinum are same program but also gives company 50 Corporate and 100 pre -paid rounds respectively (Greens Fee, Cart Platinum (Eagle) $17,500.00 $17,500.00 NIA Fee &'fax) which can be used For other employees, clients or guests. Additional individuals may be added Each Additional $2,500.00 52,500.00 N/A for $2,500 each. FY2012 Membership Calculations FY2012 Resident Non - Resident Single 711 66 F,ginily 33 16 Business Single 4 0 Business Family 4 0 Golf Plus Sing 2 0 Golf Plus Family 3 1 '12 Month 1 6 '12 PAGWh GP 0 0 Summer Opt A 4 10 Summer Opt S 9 20 Junior 8 9 TOTAL 171 ills Grand Total 287 Membership Category Resident Single Resident Single 12 Month Resident Family Resident Family 12 Month Non - Resident Single Non - Resident Single 12 Month Non - Resident Family Non - Resident Family 12 Montt Business Single Business Family Golf Plus Single Resident* Golf Plus Family Resident* Golf Plus Single NR• Golf Plus Family NR* Summer Junior Resident Junior NR U od R 4p, es�cyeht` es�aeht er Total Est. Special Special Regular Members Pay # Pay Fee Regular Pay # Pay Fee Total 111 0 $2,140_DU 111 $2,205.60 $244,755.60 0 0 RIMM 0 $2,205.x❑ SDAD 33 0 53,240.00 33 $3,36❑.DO $110,88 0.DO 1 0 IMIM 1 $3,36 0.1DO 53,360.0 55 0 $2,995.40 55 $3,213 ❑.DO $176,400.00 5 ❑ MMIEW 5 $3,200.130 $16.460.60 15 ❑ 53,995.09 15 $4,30❑.DO $64,1,D ❑.DO 1 0 1 $4,30❑.DO 54,3DO.4O ❑ ❑ 4 $2,650.6❑ SD-(10 0 ❑ 4 $3,750.60 SD-(]D 2 ❑ 52,37214 2 $2,205.DO 54,410.40 3 0 $3,61d.0 D 3 $3,36❑.DO $10,080. DO 0 0 $3,362. 013 4 $3,20 ❑.DO SD_04 1 0 $4,572.0❑ 1 $4,30 ❑.D❑ 54,3DO.40 43 ❑ 43 $495.130 $21,285.DO 8 ❑ 8 $3130.40 52,4130.40 9 6 9 $3130.40 52,7130.40 Totals 287 $fi64.970.00 . Countr7 Cfu6 cr Membership Fee Portrvn Only This is only the golf portion of the membenahip Goff Plus Alen? bershfps jGoff. Tennis & Poo 1) North Palm Beach Country Club Golf Club Membership & Rates - FY2012 Goff MambershWs Resident Single Regular 2 Resident Single Regular 111 ea. $2,205.00 = $244.755.00 Cart Fees: Family Regular 34 ea. {a $3.360.00 = $114,240.01) ea_ $3.770.00 = Junior S ea. $340.00 = $2,404.41) Non - Resident Single 60 ea. (9 $3.200.00 = $192.000.01) ea. $3,567.170 = Family 16 ea. (? $4.300.00 = $68,800.00 Junior 9 ea. 4? $300.01) = 52,700.00 Business 54,877.40 1) ea. 4? $2,850.00 = SO.00 Based Upon FY2011Memberships 238 Total $624.895.00 Summer Memberships (May1 - September 30) 43 5495.04 = 521,285.00 t Goff Plus Alen? bershfps jGoff. Tennis & Poo 1) Resident Card Holder and Guest of Member Discount 151/0 Greens Fees: Resident Single Regular 2 ea. @ $2.477.00 = $4,954.01) Goff PorrionOnty(ea. bt$2,205) 9 -1-11011e8 Cart Fees: $4410.00 Family Regular 3 ea_ $3.770.00 = 511,310.03 WALKING FEE Goff POrrfon Only (ea. *$3,360) Walking Fees: Member ONLY $12.00 $10,080.00 Non - Resident Single Regular 1) ea. $3,567.170 = 50.0-D GofPorrion Onty (ea. *$3,200) $0.00 Family Regular 1 ea. (4� $4,877.00 = 54,877.40 GolfPorrfon Only (ea. -,tv $4,300) $4,340.00 6 Total 518,790.04 Grand Total 287 S664,970.00 d Resident Card Holder and Guest of Member Discount 151/0 Greens Fees: See 201112012 Recommended Rates CART RENTAL 18 -Holes 9 -1-11011e8 Cart Fees: Member 522.1)0 $11.01) Man - Member 526.00 $13.01) WALKING FEE Walking Fees: Member ONLY $12.00 $11)0 Anticipated Rounds: 50.000 d ...Greens Fees an-- ded to Six (6)PUBLISHED ons Fee Schedules: s North palm Beach Country Club 201 1 -201 Walk In Rates S7Z.O F Eariv Morhiny rail Season Morhihy (Oct. 10 - Nov. 13) Mid -Day 550,0G Twilight* $39.00 $49.00 Eariv Morr,iny Pre - Winter Seas on Moming jNow. 14 - Dec. 18) Mid -Day jApr. 9 - Mav G] Twilight* Twilight* Early Moming shoulder Season moming (Dec. 19 - Jan. 29) Mid -Gay (Oct. 1 - Oct 9 & Twili aht* S7Z.O F Early Mcming High Seasvh morning jJan. 30 - Apr. 8) Mid -Gay 550,0G Twilight* $39.00 $49.00 $32.00 Eariv Morning Spring Seas oh P0T*Mi1hy jApr. 9 - Mav G] Mid -Day Twilight* Su n,rner Seas oh Eariv Morniny (Oct. 1 - Oct 9 & Marhihy May 7 - Sep. 30) Mid -Day Twiligot* S7Z.O F 585.00 S73.0G 585.00 SGS,OG 575.00 550,0G SS5.00 SaV.0a 599.00 $89.00 S 99.0 0 $79.00 S 89.0 0 $49.00 S 59.0 0 $99.00 5 99.0 0 $99.00 S109.010 $85.00 589.00 $SS.00 559.00 $75.00 585.00 $75.00 585.00 SGS,00 575.00 S40. 00 SS9.00 S45100 555.00 $45`00 555.00 $39.00 $49.00 $32.00 $35.00 k Twr.4; jghr =After 20G m G,-fo er 10, 2012 - hfarch 11, 2012 and Auer 3:0Qprn March 12, 20 i2 - GchZer 7r 2&1 c ' NeE-kday = Monday - Thursday W�-ekernd = Friday - Sunday & Holidays s 9-HOe Rafes are E,7% of f8- We Rates 535.00 1 541,00 535.00 1 541,00 529.00 1 S35,00 S45.00 $51.00 S45.00 $51.00 539.00 $45.00 553.00 SS9,00 S93.00 SS9,00 547.00 553,00 S53.00 1 SS9,00 559.00 1 SG5,00 S91.00 1 553,00 345.00 551.00 $45.00 1 551.00 539.00 1 545,00 S27.00 327.00 S23.010 $33,00 $33,00 $29,00 North Palm Beach Country Club Greens Fee Projections Rounds Played (Ma - 9, 2011 - Re,-enues with FY 2012 eason (Dates) May 8. 20 11) Current Rates Average Greens Fee Dollars per Round a Fall (Oct. 10 - Nov. 13) b Pre -- Winter (Nov. 14 - Dec, _ c ) Shoulder (Dec. 1 - Jan. 29) d) High (Jars. 30 - Apr. 8) e) Spring (Apr. 9 - May C) f) Surnmer {Oct, 1 - Oct. 9 &. May 7 - S�-pt, v : ; 4,194 $63,137.00 515,05 3,597 $68,527.00 519,05 5,463 $139,021.00 525,45 9.987 $284,810.00 $28.52 4.8216 $95,165.00 $19.72 19.899 $151,794.00 $7,63 OT4LS2 1 4=,96 6 1 5802,454.00 1 $16.93 Weighted Average of Rate Increase: Projected Rounds for FY2012: Projected As-erage Dollars per Round FY2012: Projected Greens Fee Revenues: 0.00% 50.000 516.73 -58-?6,500.00 North Palm Beach Country Club - FY2012 Date Proposal and Comparison * i vi.-i gn. = .A.it. 2:00pm October ; �. 25917 - i5. each ! 1. 207 2 era A.?er 33:00oni +.darcF. 72. 2012 - October 7. 201 Weekday = Monday - Thursday ` l'Veekend = Friday - Sunaoy & Hafidays NPBCC v . Abacoa rY2011 rY2012 rY2011 rY2010 rY201'1 rY20'11 Season Time WeekdaY1 INeekda*i Abaeoa Weekehd2 Weekehd2 Abaeoa Rate Proposed Weekday Rate Proposed Weekehd� Early Morning 559.00 $59.00 555.00 $69.00 $69.100 575.00 Fall morhing 559.00 $59.00 565.00 $69,00 $69.100 $75.00 (Oct. 10 - Nov. 13) M id -Dav 549.00 $49.00 555.00 $59,00 $59.100 $65.00 Twilight* 539.00 $39.00 545.00 $46,00 $45.100 $50.00 Early Morning 575.00 $75.00 560.00 $aa.00 $85.00 $80.00 Pre - Winter morhlhg 576.00 $75.00 570.00 $a6,00 $85.100 $80.00 (Nov. N 14 - Dec. 18) mid -Day 365.00 $63.00 U0.00 $75.00 $75.100 $70.00 Twilight* 550.00 $50.00 550.00 $35.00 $55.00 $55.00 Early Morning Sa9.00 $89.00 579.00 699.00 $99.00 $99.00 Shoulder Morhing Sa9.00 $89.00 589.00 $99.00 $99.00 $99.00 (Dec. 10 - Jon. 20) Mid-Day 579.00 $79.00 579.00 Sa9,00 $a9.00 $89.00 Twilight* $49.00 $49.00 555.00 559,00 $59.00 $60.00 Early Morning $95.00 $ 99.00 579.00 $99.00 $95.00 $ 99.00 High m o rh i hg $99.00 S99.010 585.00 S109.00 -$1co. 00 $ 89.00 (Jan. 30 - Apra) mid -Day $a5.00 5135.00 579.00 $39.00 $89.00 $99.00 Twilight* $55.00 555.00 555.00 $59.00 $59.00 $60.00 Early Morning $76.00 $75.00 562.00 $a6,00 $a6.00 $82.00 Spring morhlhg 576.00 $75.00 572.00 $a6,00 $86.00 $82.00 (Apr. 9 - May 0) Mild -Day S.G6.00 $65.00 562.00 $76,00 $75.100 $72.00 Twilight* $49.00 $49.00 535.00 $59.00 $59.100 $45.00 Early Morning $45.00 $45.00 543.00 $35.00 $55.00 $55.00 Stimmer Morning $45.00 $45.00 543.00 $35.00 $55.00 $53.00 (Oct. 1 - Oct 9 & M fd -D3y $39.00 $39.00 540.00 '$49.00 $49.00 $50.00 Mny 7 . Sep. 30) Twilight* $32.00 $32.00 530.00 $35.00 $35.00 $35.00 * i vi.-i gn. = .A.it. 2:00pm October ; �. 25917 - i5. each ! 1. 207 2 era A.?er 33:00oni +.darcF. 72. 2012 - October 7. 201 Weekday = Monday - Thursday ` l'Veekend = Friday - Sunaoy & Hafidays NPBCC v . Abacoa CART RENTAL 18 -Holes 9 -Holes 0 Cart Fees: Member $22.00 $11.00 Nan - Member $26.O0 $13.04 (actual per round averages for 2010 -2011) Average cart fee per roimd played (excluding walkers) $22.17 X 46.000 rounds $1.019.820.00 %hrAI VIkI^ CCC 18 -Holes Walking Fees: Member ONLY $12.O0 TOTAI CART RENTAL & WALKIVG FEES 9 -Holes 58.O0 $10.39 X 4,000 r4nnds $41;560.00 51,061,380.60 (avg. S21.22 X 50, 000 rds.) North Palm Reach Counti-v Club Golf Revenues — YY 2012 Aiembersh*s: (projected based an 2010.'2011 information) a) Resident (Single & Family) b) Non - Resident (Single & Family) C) Business d) Sumner e) Yurnor f) Golf Plus TOTAL Greens Fees: (projected based on 2010 }2011 figures by SEASON) FY 2012 Season (Dales} Re►-erm?s a) Fall (Oct_ 10 - Nov- 13) $54,120.00 b) Pre--W- inter (Nov_ 14 - Dec. 18) $70,018.00 c) Shoulder (Dec. 19 - Jan. 29) $133,670.00 d) High (Jan. 30 - Apr. 8) $267,901.00 C) Spring (Apr. 9 - May 6) 590,184.00 f) Summer (Oct. 1 - Oct. 9 & May 7 - Sept. 30) 5165,779.00 TOTAL Cart Rental & IN.-d ing Fees: (projected based on 2010/2011 per round averages) a) Average cart fee per round played (Exchuhug walkers) $22.17.X 46,000 b) Walking Fees $10.39 R 4000 rounds TOY4L .SI BTOT-IL Di i % ing Range (proj ected based on aver—age of last 3 Fiscal Years) a) 1-Y2011 (6/1/2010 - 5{31!2011) 205,337.00 FY2010 178,572.00 FY2009 208,230.00 TOTAL GAAAD TOT-4L Dri $373,485.00 $265,100.00 $0.00 $21,285.00 85,100.00 Included Above ,566J,970.00 Ra79e 150 77 0 43 17 6 (included above) 287 (Includes Juniors) $16.73 F'Y2011 Greens Fee -Round $16.73 FY2012 Greens Fee Round 56.000 Prof- FiDua s 5836, 500.00 51,019,820.00 541,560.00 $1,061,380.00 (atg. 511.22 X 50, 000 rds. J 52, 562,850.00 $197,380.00 $2,760,230.00 Food &Beverage nnual evenue of Revenue predicated upon The Village of North Palm. Beach daily sales of $2 322.00 Fiscal' ear2Budge1 Budget 7 Fiscal 'Year 2011 -2012 Budget REVS -N E , Golf J'wndZmw28f- F.& B t- 2012&trdffer Admin TOM OrigivaL FY 2011 Budget 9 b Increase ? {Decrease} m er 2011 Budget Artoal fl +34.2014 A"fi4 "W20W Aclul SA02DDS 1,191,888 x`.388 4,139 awing Ranee $ 197,380 - 2^.;500 197,M0 5 200,227 -10 b 3 174924 $ 208230 # 213,103 Membership 664,974 &1 105,446 6454.970 783,350 -HAa 751,344 910.20 1,071,755 Cart Rental 1,419,8211.. 36,044 8.040 1,019,320 1,417;464 03ro 960.594 948.554 1,067,706 Vralk]ng Fees 41,5611 108,044 308285 41.560 10.760 Ift 45,215 39910 32,515 C... Fees 836,504 63899 6;899 936.500 761. { {. (. ltD 753,886 816.059 863,046 Lessons 100,0o0'.. 18,344 91600 1001000 3ti. D['0 ITS-o 44,365 21.622 22X5 Tournament Proceeds 19.500 394,901 0 10,400 -1004 0 1,470 503 21,790 Merchandise Sales 137,000. 1373)00 110,400 -246 131,324 133386 138,512 Special Event; +Camps 4,000....... 4.000 8,000 fi0613 200 12,204 4 .218 Food & Beverage-Lease Operation - 0 0 0#u 28241 142,735 175,753 Liquor Sales 256,622 296,622 300,000 -14Rh 54,145 - - Food & Beverage Sales 591,088 5911088 700,000 -16Rh 158,834 - - Sales of Surplus - 0 0 03ro 124,000 0 0 Interest Earnings 8;857 8.8;5 3,500 13PD 14,686 7.376 36,431 Other 4200.... - - 4;,940 34,076 1046 5$016 71372 16,833 To mlRerenue: 3,044,130 8A*710 8 'S 3900,695 4,0019T2 -1 ?b 3,3"5 3612,235 3052m Fersounel: Salary & BeaeStts Operating: Accounting & Auditine Ch=e Card Fees Contactual Sena es Entertaitmient Rental- Equip=nV nifoma, ete Leeal Tees Lessons Market:na &- Advertising Merchandise rupaus & viaintemance SnlidlVaAe Disposal l7tilm -, Otter Operating Custs Capital: Capital Outlay Debt & Other: Debt Sen.-ice Golf C art Lease Insurance- Prapenty & General Liability Conringencr Total Expenses Rm -enue% over (under) eipensec- Rounds 512,814 62,366 915.235 926,144 -19 b 715,637 55&,&13 52149 8,000 -1300 5,187 7,000 5,986 71040 51,044 11:793 G 1,220,208 621795 1,191,888 x`.388 4,139 - 390210 11,032 1,223,415 - 2^.;500 G 113,737 2,48S 5,6&4 12.500 3,040 ]7,300 3,500 432,444 23.840 &1 105,446 7,500 0 7.540 40,044 J3 0 12,7046 G S 40.900 36,044 8.040 5,000 47,06: 503)40 -n 4,000 Oh O, 89.519 108,044 308285 1) 15951 x16.285 000149 0 4:.065 63899 6;899 0 75,344 13,798 159,421 161;1692 5,733 56,923 226.848 18,344 91600 6,500 4 34,400 15,544 0 19.500 394,901 391901 75,344 7;. 200 39,864 39.864 206.827 206.3•• 926,144 -19 b 715,637 55&,&13 52149 8,000 -1300 5,187 6.512 5,986 61,000 2303 52262 51.2&4 48,024 1,220,208 0'0 1214,874 1247245 1,257,611 20,640 - 390210 11,032 0 0 38,960 10,040 9,600 ,3440 (65� 14,120 -2iLka 11,652 3 ��0 113,737 2,48S 5,6&4 113,503 3,623 S,927 60,444 61,400 '' 4 , 4/'1� 41,669 1744 9'wt,- 81,934 Y/ 36,693 41,699 34,594 432,444 4b (• 184,527 17 &1 105,446 36,815 0 14,66513+0�� 14.642 13,215 J3 0 12,7046 S 282,536 -2016 01, 207,725 '7e/ -1 236.622 31.146 26#.514 52,505 47,06: 7�( dO� O Oh O, 75,549 -9/ff4n P 36972 15951 5 .250 000149 121,441 -7? b 546,546 494,759 75,344 0Ru 160,626 71,157 71,157 79,04446 56,923 63.247 150,166 180,644 1141 4 4 373,471 3,900.595 4,061,9 �2 -!4a 3,397,215 3,188,826 3,517,514 S 5 - $ (38052) $ 231,9019 5 135.125 30,444 50,000 03ro 50,210 50,910 52,316 FY 2012 Budget Backup Worksheet Revenues L3253 -Food & Beverage A!C # Account Name Detail FY 2011 Original FY 2412 Proposed (Based on current year average) L3253 -48110 FOOD SALES Aver e $5,486.14 per week x 52 weeks = $2857279.16 700,000.00 235,279.00 L3253 -08111 BEVERAGE CART SALES Ave rge $446.62 per-week x 52 weeks = $23,224.32 23,224.00 L3253 -08112 BEVERAGE CART SALES - LIQUOR Aver e $587.91 per week x 52 weeks = $30,571.35 30,571.00 L3253 -08113 NON- ALCOHOLIC BEVE RAG E Aver e $247.09 per week x 52 weeks = $12,843.80 12,849.00 L3253 -08120 LIQUOR SALES Aver e $4,347.14 per week x 52 weeks = $226r051.28 300,000.00 226,051.00 L3253 -48130 FACILITY RENTAL - L3253 -08135 BANOUETS Averge $4,940.22 per week x 52 weeks = $256.891.29 plus 6% grawth 269,736.00 L3253 -08999 MISCELLANEOUS REVENUE - TOTAL 5 1,000,000.00 S 847,710.00 Total Proposed Food & Beverage Revenue(non- alcoholic) 591,088.00 F & H Dk rlamdise Lxpense estimated (Ez 404 o of sales ) 236,436.00 OF Total Proposed Liquor Revenue 256,622.00 F & H L uor '�fenchatx ise ga ense estimated 'i 30% of sales' 76.987.00 Total Proposed Revenue; 847,710.00 Total Pra ased Revenue averaze ]er day-; 2,322.49 Based on current year sales average. New Village Tavei Hours of Operatic Monday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Tuesday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Wednesday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Thursday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Friday: 7:00am — 11:00pm (kitchen from 10:00am — 6:00pm) Saturday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Sunday: 7:00am — 7:00pm (kitchen from 10:00am — 6:00pm) Irr MAppetizers A,Jan Nicken Vnys Tossed in Thai chili sauce with Asian Slaw $9 Buf fafo chick n 7'tiiny Mild, Medium, or HOT! $9 Smoke rFi.6 Vip With crackers and sliced jalapeno $8 ?pan Seared'Pork Pot &eker Asian slaw, sweet and sour sauce $8 Sesame Seard tuna Nips 'a, Salsa Asian slaw, creamy ponzu Home -made corn chips with salsa $lo $5 Viffar e S IMP Panku breaded and tossed in Village "BOMB" sauce $9 Caesar Saran Crisp romaine lettuce, parmesan cheese, croutons, Caesar dressing $8 Add $3 for chicken & $4 for shrimp S'�lcy �L! f fL110 CYJ7C�CY7 �Sa1Gia� Romaine lettuce, crispy chicken tossed in hot sauce, cheddar cheese, tomato, and ranch dressing $8 C066 Safari Romaine lettuce, chicken, bacon, blue cheese, egg, avocado, tomato, cucumber $9 (ads Coasta(Sa(ar' Mixed greens, port wine poached pear, blue cheese, dried cranberries, tomato, cucumber, spiced candied pecans, tarragon vinaigrette $9 Add $3 for chicken & $4 for shrimp ,YR ;JdwiC4es All sandwiches served with French fries, tole slaw, potato salad, or chips VS- -i Neese Burster Half pound burger, lettuce, tomato, onion Your choice of cheese: America, Swiss, Cheddar, or Blue Cheese $9 Add bacon for $1 CYleAar Bacon Bar -&Q d icken S'andy*4i Lettuce, tomato, onion $8 .Co�sfer 064� Lobster salad, toasted brioche bread, bacon, avocado, lettuce, tomato, mayo $14 Crak Cqke SanLfW C4 Creole remoulade sauce. carameli7xd onion, lettuce, tomato $9 Slackened dads Sanatwic4 Tartar sauce, lettuce, tomato, onion $10 Crispy Nicken slider Lettuce, tomato, chipotle tnayo $8 lurk j 7gfzen Fresh roasted turkey breast, sauerkraut, Swiss cheese, thousand island dressing, on rye bread $9 Corned'2ee f 'Peu6en Corned beef, Swiss cheese, thousand island dressing, on rye break $9 gi4fed'71am ,A: 04eese Ham and American cheese on brioche $8 7urkq C(U6 Fresh roasted turkey breast, bacon, lettuce, tomato, mayo $9 Ham, hard salami, pepperoni, provolone, lettuce, tomato, onion, Italian dressing, mayo, on a hoagie roll $9 Create 'dour Own fell SandjviC6 Your choice of roasted turkey breast, ham, corned beef, tuna salad, or chicken salad on r r ! r r White, wheat, rye, brioche bread, Bar��Q S'tiriYn�i �pIGfG{ Cr�CSeTtea� �ia}?KfiCl� brioche roll or wrap with Mixed greens, grilled shrimp, bacon, [toast beef, mozzarella cheese, sauteed Your choice of lettuce, tomato, onion, tomato, roasted red peppers, onions, on a hoagie roll mayo, and mustard caramelized onions, sunflower seeds, $9 r $8 chipotle honey lime vinaigrette 7una melf $lo On white bread with melted American cheese $8 Cr WEEKLY LUNCH BUFFET At The N. P. B. C. C. Village Tavern -St)AY � falf)A*f - TOO PM Njo 4:00 �= Ip A r w $ 9. per per5°ll Advance Banquet bookings... 0.00 0.00 0.00 0.00 0.00 0.00 Client /Organization Event# Date VO�FOod Karen/ Cody's Birthday Party E00307 7/8/2011 189.50 Joanne Hennebury E00173 7/9/2011 2,100.00 Suzy Jordan E00282 7/9/2011 806.40 Marcus Ramos E00292 7/15/2011 750.00 Karen E00312 7/15/2011 249.50 Candy Bartnick E00286 7/23/2011 2,500.00 Carolyn Stone E00304 7/23/2011 500.00 WGA E00161 6/11/2011 0.00 Tim Gooley E00024 6/20/2011 1,900.00 VNA E00244 9/29/2011 450.00 Cyndy Ryan E00219 10/6/2011 2,170.00 Dave O'Connell E00077 10/13/2011 1,936.00 Debra Galvin E00261 10/22/2011 0.00 Barbara E00306 11/512011 1,450.00 Rotary Club E00112 11/10/2011 0.00 Wedding Reception E00187 11/11/2011 0.00 Bon Vons E00260 12/16/2011 0.00 Jenna Keller 00142 12/22/2011 1,485.00 Drodz E 083 3/20/2012 1,250.00 Brenda Smith E002 7/7/2012 3,700.00 Totals _ 0.00 21,436.40 Revenue Forecast 6/29/2011 - 12/31/2012 Excluding: Prospective, Tentative, Cancelled Bev Liquor Equip Labor Room Other Subtotal Grat Sery Chg Tax Total 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 189.50 34.11 0.00 2,100.00 378.00 0.00 806.40 145.15 0.00 750.00 135.00 0.00 249.50 44.91 0.00 2,500.00 450.00 0.00 500.00 0.00 0.00 0.00 0.00 0.00 1,900.00 342.00 0.00 450.00 81.00 0.00 2,170.00 390.60 0.00 1,936.00 348.84 0.00 0.00 0.00 0.00 1,450.00 261.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,485.00 267.30 0.00 1,250.00 225.00 0.00 3,700.00 740.00 0.00 21,438.40 3,642.91 Twenty upcoming events have been scheduled thus far through the end of FY2012! 0.00 11.37 234.98 0.00 136.50 2,614.50 0.00 48.38 999.93 0.00 45.00 930.00 0.00 14.97 309.38 0100 150.00 3,100.00 0100 0.00 500.00 0.00 0.00 0.00 0.00 0.00 2,242.00 0.00 0.00 531.00 0.00 130..20 2,690.80 0:00 125.97 2,412.81 0.00 0.00 0.00 0.00 87.00 1,796.00 0.00 0.00 0.00 0100 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,752.30 0.00 81.25 1,556.25 0.00 222.00 4,662.00 0.00 1,052.64 26,333.95 6/28/2011 12:36 pm Page 1 of 1 -4 14 IFY 2092 Country Club Budget Other Driving Range $292,755 $197,386 751% 5.06% Membership Food & Beverage $664,970 $847, 716 17.05% 21.73% i mar. R e nta INVal ki ng Greens Fees _ Fee $836,500 $1,061,380 21.44% 27.21% Total Revenue = $3,900,695 Contingency Debt S Other $206,827 S470,201 Insurance -Ge 5.30% 1205% LiabfOther $39,864 1.02% - Administration $106,742 _ 2.74% Golf Food F Beverage $2,229,351 5847, 716 57.15% 21.73% Total Expense= $3,800,695 CONCLUSION Questions &Answers ?