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October 2012 Country Club Preliminary_as of 11-08-12 The Village of North Palm Beach Country Club Budget Summary Preliminary One Month Ending October 31,2012 Preliminary October 2012 FY 2013 %of budget Prior Year Actual Golf F&B Admin Total Budget (Target 8.33%) October2011 9/30/2012 REVENUES Driving Range $ 12,251 $ 12,251 $ 209,026 5.86% $ 12,700 $ 257,123 Membership 362,695 362,695 623,580 58.16% 431,566 627,433 Cart Rental 57,088 57,088 939,400 6.08% 60,494 883,437 Walking Fees 2,415 2,415 37,520 6.44% 4,372 36,143 Greens Fees 39,939 39,939 912,480 4.38% 43,236 835,366 Lessons 8,065 8,065 100,000 8.07% 6,440 100,597 Tournament Proceeds 287 287 2,716 10.57% 102 3,687 Merchandise Sales 8,336 8,336 140,150 5.95% 9,504 161,613 Special Events/Camps - 0 4,000 0.00% 0 0 Food&Beverage-Lease Operation - 0 0 0.00% 0 0 Liquor Sales 11,554 11,554 240,000 4.81% 13,744 202,302 Food&Beverage Sales 20,681 20,681 545,000 3.79% 26,854 410,646 Sales of Surplus - 0 96,000 0.00% 0 0 Interest Earnings - 0 7,327 0.00% 633 6,907 Other 13,177 (39) 652 13,791 91,734 15.03% 10,480 64,413 Total Revenues 504,253 32,197 652 537,102 3,948,933 13.60% 620,123 3,589,666 EXPENSES Personnel: Salary&Benefits 38,577 23,598 4,741 66,916 938,748 7.13% 62,039 842,227 Operating: Accounting&Auditing - - 0 0 7,000 0.00% 0 5,911 Charge Card Fees 1,432 529 0 1,960 59,500 3.29% 6,383 60,061 Contractual Services 89,485 1,881 0 91,366 1,253,527 7.29% 101,854 1,211,928 Entertainment - 227 0 227 10,000 2.27% 100 7,238 Rental-Equipment/Uniform,etc. - 1,022 314 1,337 22,714 5.89% 887 19,538 Legal Fees 3,710 3,710 7,500 49.47% 1,278 12,198 Lessons 1,796 - 0 1,796 35,000 5.13% 2,280 23,622 Marketing&Advertising 1,374 - 0 1,374 45,000 3.05% 758 18,932 Materials&Supplies 7,722 1,418 429 9,569 65,675 14.57% 12,406 49,075 Merchandise 1,982 12,261 0 14,243 388,000 3.67% 22,417 319,299 Repairs&Maintenance 1,384 16,225 0 17,609 48,579 36.25% 2,764 41,429 Solid Waste Disposal 6,648 6,646 0 13,294 14,450 92.00% 0 13,378 Utilities 12,700 3,708 392 16,800 217,202 7.73% 16,815 210,311 Other Operating Costs 2,266 1,271 1,170 4,706 43,000 10.94% 4,167 36,798 Capital: Capital Outlay - - 0 0 53,639 0.00% 0 15,000 Debt&Other: Debt Service 0 0 398,151 0.00% 0 394,900 Golf Cart Lease 6,270 6,270 171,300 3.66% 6,270 75,235 Insurance-Prop&Gen Liab 3,640 3,640 43,881 8.30% 3,322 39,864 Contingency 0 0 126,067 0.00% 0 2,000 Total Expenses 171,635 68,785 14,396 254,817 3,948,933 6.45% 243,741 3,398,943 Revenues over(under)expenses $ 332,618 $ (36,588) $ (13,744) $ 282,285 $ $ 376,382 $ 190,723 Rounds 2,913 3,036 48,201