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JAN 2016 Country Club Preliminary_as of 2-10-16The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2015 -2016 Preliminary 4 Months Ending 1131116 FY 2016 % of FY 2016 Prior Year Unaudited Golf F & B Admin Total Revised Budget Budget Original Budget Jan 2015 9/30/2015 REVENUES Driving Range $ 95,973 $ 95,973 $ 304,953 31.47% $ 304,953 $ 117,363 $ 313,882 Membership 521,045 521,045 631,635 82.49% 631,635 487,400 569,851 Cart Rental 265,605 265,605 874,771 30.36% 874,771 286,365 821,855 Walking Fees 17,840 17,840 53,818 33.15% 53,818 20,976 52,718 Greens Fees 291,323 291,323 913,172 31.90% 913,172 332,286 879,743 Lessons 53,905 53,905 140,000 38.50% 140,000 51,461 159,237 Tournament Proceeds 2,561 2,561 3,000 85.36% 3,000 1,139 3,059 Merchandise Sales 50,645 50,645 185,000 27.38% 185,000 61,050 180,971 Special Events /Camps - - 0 0.00% 0 0 - Food & Beverage -Lease Operation - - 0 0.00% 0 0 - Liquor Sales 88,526 88,526 271,745 32.58% 271,745 86,384 248,806 Food & Beverage Sales 170,409 170,409 504,965 33.75% 504,965 175,914 466,248 Sales of Surplus 145,000 - 145,000 145,000 100.00% 145,000 0 - Interest Earnings 722 722 10,000 7.22% 10,000 3,120 10,393 Other 30,054 15,989 6,140 52,182 354,617 14.72% 90,617 48,713 92,484 Total Revenues 1,473,951 274,923 6,862 1,755,736 4,392,676 39.97% 4,128,676 1,672,173 3,799,246 EXPENSES Personnel: Salary & Benefits 196,302 190,175 22,692 409,169 1,209,119 33.84% 1,209,119 378,653 1,090,503 Operating: Accounting & Auditing - - 1,200 1,200 7,000 17.14% 7,000 3,240 6,219 Charge Card Fees 20,744 3,745 - 24,489 66,095 37.05% 66,095 27,855 70,095 Contractual Services 378,114 7,360 - 385,474 1,269,563 30.36% 1,269,563 375,957 1,116,070 Entertainment - 2,816 - 2,816 8,000 35.20% 8,000 2,378 5,204 Rental- Equipment/Uniform, etc. 2,386 3,650 1,036 7,073 23,850 29.65% 23,850 7,349 23,398 Legal Fees 2,118 2,118 10,000 21.18% 10,000 2,958 10,770 Lessons 23,211 - - 23,211 52,000 44.64% 52,000 20,705 58,723 Marketing & Advertising 1,448 30 - 1,478 39,000 3.79% 39,000 5,313 13,334 Materials & Supplies 15,079 14,772 1,023 30,874 79,150 39.01% 79,150 31,093 70,493 Merchandise 35,301 104,815 - 140,116 366,450 38.24% 366,450 131,612 384,168 Professional Services - - - - 264,100 0.00% 100 120 120 Repairs & Maintenance 6,647 2,118 - 8,765 68,598 12.78% 68,598 17,340 92,588 Solid Waste Disposal - - - - 0 0.00% 0 0 - Utilities 47,618 15,845 742 64,204 181,306 35.41% 181,306 64,712 185,831 Other Operating Costs 4,898 2,074 805 7,777 51,055 15.23% 51,055 14,705 35,732 Capital: Capital Outlay 19,783 - - 19,783 20,000 98.92% 20,000 0 8,161 Debt & Other: Debt Service - - 398,151 0.00% 398,151 0 398,159 Golf Cart Lease (Capital Lease) 149,566 149,566 112,000 133.54% 112,000 45,221 135,662 Insurance- Prop & Gen Liab 17,296 17,296 51,889 33.33% 51,889 21,220 63,659 Contingency - - 115,350 0.00% 115,350 0 - Total Expenses 901,097 347,401 46,912 1,295,410 4,392,676 29.49% 4,128,676 1,150,429 3,768,889 Revenues over (under) expenses $ 572,854 $ (72,477) $ 460,326 $ $ $ 521,744 $ 30,357 $ (40,051) Rounds 13,667 44,200 44.200 14.750 42,934 FY 2016 Revised Budget 4,392,676.00 FY 2016 Original Budget 4,128,676.00 Difference 264,000.00 FY 2015 Open PO Carryover