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JULY 2017 Country Club_ PRELIMINARY as of 8-10-17The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2016-2017 Preliminary Current YTD FY 2017 % of FY 2017 Prior Year Actual 7/31/2017 Budget Budget Original Budget 7/31/2016 9/30/2016 REVENUES Driving Range $ 277,718 $ 315,920 87.91% $ 315,920 $ 289,999 $ 322,208 Membership 587,809 599,365 98.07% 599,365 594,532 595,076 Cart Rental 722,854 837,956 86.26% 837,956 725,481 815,894 Walking Fees 45,719 46,984 97.31% 46,984 42,302 44,525 Greens Fees 827,908 867,785 95.40% 867,785 782,925 830,808 Lessons 91,920 130,000 70.71% 130,000 100,557 118,346 Tournament Proceeds 3,755 3,200 117.34% 3,200 3,629 3,840 Bag Room 13,870 13,000 106.69% 13,000 13,630 13,750 Golf Club Rental 42,426 40,000 106.07% 40,000 34,427 37,120 Merchandise Sales 121,386 180,000 67.44% 180,000 135,688 153,190 Food & Beverage -Lease Operation 22,300 0 0.00% 0 0 0 Liquor Sales - 271,745 0.00% 271,745 225,582 254,446 Food & Beverage Sales 436,700 0.00% 436,700 409,267 466,484 Sales of Surplus - 0 0.00% 0 145,000 145,000 Interest Earnings 6,844 10,000 68.44% 10,000 8,110 9,230 Facility Rental - 30,000 0.00% 30,000 34,559 38,972 Charge Card Fee Revenue 4,606 6,000 76.77% 6,000 5,330 5,466 Insurance Refunds - 0 0.00% 0 0 387 Appropriated Retained Earnings - 45,400 0.00% 45,400 0 0 Other 21,768 8,800 247.36% 8,800 11,176 20,061 Total Revenues 2,790,883 3,842,855 72.63% 3,842,855 3,562,193 3,874,803 EXPENSES Personnel: Salary & Benefits 590,470 1,218,306 48.47% 1,218,306 1,034,777 1,213,242 Operating: Accounting & Auditing 5,847 7,000 83.53% 7,000 5,687 5,687 Charge Card Fees 53,406 79,572 67.12% 79,572 61,752 67,862 Contractual Services 1,072,891 1,254,974 85.49% 1,254,974 1,011,562 1,220,274 Entertainment 2,013 7,000 28.76% 7,000 5,042 5,462 Rental-Equipment/Uniform, etc. 8,333 23,750 35.09% 23,750 17,478 22,002 Legal Fees 3,650 10,000 36.50% 10,000 5,233 5,898 Lessons 20,216 32,000 63.17% 32,000 29,642 33,596 Marketing & Advertising 8,721 26,000 33.54% 26,000 2,629 5,121 Materials & Supplies 31,018 71,500 43.38% 71,500 43,445 56,204 Merchandise 73,927 364,000 20.31% 364,000 349,597 412,749 Professional Services 200 100 200.00% 100 158,230 227,818 Repairs & Maintenance 13,630 48,620 28.03% 48,620 18,415 22,383 Utilities 163,165 200,162 81.52% 200,162 162,313 193,588 Other Operating Costs 22,444 47,250 47.50% 47,250 28,245 32,710 Capital: Capital Outlay 2,416 7,000 34.51% 7,000 19,783 19,394 Debt & Other: Debt Service 199,079 398,151 50.00% 398,151 199,079 398,159 Golf Cart Lease (Capital Lease) - 0 0.00% 0 149,566 149,566 Insurance -Prop & Gen Liab 39,557 47,470 83.33% 47,470 43,240 51,888 Contingency / Other 10,407 0 0.00% 0 0 0 Total Expenses 2,321,390 3,842,855 60.41% 3,842,855 3,345,717 4,143,601 Revenues over (under) expenses $ 469,492 $ - $ - $ 216,476 $ (268,797) Rounds 37,753 44,050 44,050 37,543 42,415