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NOV 2016 CC Preliminary_as of 12-12-16The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2016 -2017 Preliminary Preliminary Two Months Ending 11130116 FY 2017 % of FY 2017 Prior Actaal Golf F & B Admin Revised Budget Budget Original Budget Year 9/30/2016 Total REVENUES Driving Range $ 42,279 S 42,279 S 315,920 13.38% $ 315,920 $ 36,390 $ 322,208 Membership 405,737 405,737 599,365 67.69% 599,365 432,419 595,076 Cart Rental 123,795 123,795 837,956 14.77% 837,956 125,926 815,894 Walking Fees 7,540 7,540 46,984 16.05% 46,984 8,258 44,525 Greens Fees 103,530 103,530 867,785 11.93% 867,785 102,228 830,808 Lessons 9,950 9,950 130,000 7.65% 130,000 22,540 118,346 Tournament Proceeds 904 904 3,200 2826% 3,200 533 3,840 Bag Room 10,320 10,320 13,000 7938% 13,000 9,480 13,750 Golf Club Rental 6,077 6,077 40,000 15.19% 40,000 5,386 37,120 Merchandise Sales 20,361 20,361 180,000 11.31% 180,000 21,671 153,190 Food & Beverage -Lease Operation 9,180 9,180 0 0.00% 0 0 0 Liquor Sales - - 271,745 0.00% 271,745 36,137 254,446 Food & Beverage Sales - - 436,700 0.00% 436,700 72,462 466,484 Sales of Surplus - - - 0 0.00% 0 0 145,000 Interest Earnings - - 10,000 0.00% 10,000 1,408 8,110 Facility Rental - - - - 30,000 0.00% 30,000 5,215 38,972 Charge Card Fee Revenue - - 2,295 2,295 6,000 38.25% 6,000 2,882 5,466 Insurance Refunds - - 0 0.00% 0 0 387 Appropriated Retained Earnings - - 45,400 0.00% 45,400 0 0 Other 2,751 7,000 1,160 10,911 8,800 123.99% 8,800 4,589 13,028 Total Revenues 733,243 16,180 3,455 752,878 3,842,855 19.59% 3,842,855 887,524 3,866,649 EXPENSES Personnel: Salary & Benefits 82,726 31,693 10,083 124,502 1,218,306 10.22% 1,218,306 168,548 1,261,389 Operating: Accounting & Auditing - - 1,460 1,460 7,000 20.86% 7,000 300 5,687 Charge Card Fees 9,692 40 - 9,732 79,572 12.23% 79,572 11,779 67,862 Contractual Services 206,620 85 - 206,705 1,254,974 16.47% 1,254,974 186,570 1,217,874 Entertainment - 409 - 409 7,000 5.84% 7,000 504 5,462 Rental- Equipment/Uniform, etc. - - 510 510 23,750 2.15% 23,750 4,374 22,002 Legal Fees 722 722 10,000 7.22% 10,000 2,065 5,898 Lessons 2,431 - - 2,431 32,000 7.60% 32,000 7,879 33,596 Marketing & Advertising 883 - - 883 26,000 3.39% 26,000 1,049 5,121 Materials & Supplies 12,072 - 370 12,442 71,500 17.40% 71,500 17,684 56,204 Merchandise 10,167 - - 10,167 364,000 2.79% 364,000 60,499 412,749 Professional Services - - - - 100 0.00% 100 0 227,818 Repairs & Maintenance 527 463 - 989 48,620 2.03% 48,620 6,730 21,994 Solid Waste Disposal - - - - 0 0.00% 0 0 0 Utilities 20,251 7,467 371 28,088 200,162 14.03% 200,162 32,920 193,588 Other Operating Costs 498 294 283 1,075 47,250 2.28% 47,250 4,494 32,710 Capital: Capital Outlay - - - - 7,000 0.00% 7,000 19,783 19,783 Debt & Other: Debt Service - - 398,151 0.00% 398,151 0 398,159 Golf Cart Lease (Capital Lease) - - 0 0.00% 0 22,610 149,566 Insurance -Prop & Gen Liab 7,911 7,911 47,470 16.67% 47,470 8,648 51,888 Contingency - - 0 0.00% 0 0 0 Total Expenses 345,867 40,450 21,711 408,027 3,842,855 10.62% 3,842,855 556,436 4,189,347 Revenues over (under) expenses $ 387,377 $ (24,270) $ (18,256) $ $ S 331,088 S (322,698) $ 344,851 Rounds 44,050 44,050 6,447 42,415 6,156