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AUGUST 2017 Country Club_ PRELIMINARY as of_9-22-2017The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2016-2017 Preliminary Current YTD FY 2017 % of FY 2017 Prior Year Actual 8/31/2017 Budget Budget Original Budget 8/31/2016 9/30/2016 REVENUES Driving Range $ 295,111 $ 315,920 93.41% $ 315,920 $ 307,748 $ 322,208 Membership 588,219 599,365 98.14% 599,365 594,859 595,076 Cart Rental 765,687 837,956 91.38% 837,956 769,756 815,894 Walking Fees 46,973 46,984 99.98% 46,984 43,550 44,525 Greens Fees 851,730 867,785 98.15% 867,785 805,855 830,808 Lessons 96,460 130,000 74.20% 130,000 114,331 118,346 Tournament Proceeds 3,755 3,200 117.34% 3,200 3,630 3,840 Bag Room 13,990 13,000 107.62% 13,000 13,750 13,750 Golf Club Rental 43,831 40,000 109.58% 40,000 36,237 37,120 Merchandise Sales 128,363 180,000 71.31% 180,000 144,094 153,190 Food & Beverage -Lease Operation 22,300 0 0.00% 0 0 0 Liquor Sales - 271,745 0.00% 271,745 238,249 254,446 Food & Beverage Sales 436,700 0.00% 436,700 433,323 466,484 Sales of Surplus - 0 0.00% 0 145,000 145,000 Interest Earnings 7,752 10,000 77.52% 10,000 8,667 9,230 Facility Rental - 30,000 0.00% 30,000 35,614 38,972 Charge Card Fee Revenue 4,686 6,000 78.09% 6,000 5,416 5,466 Insurance Refunds - 0 0.00% 0 387 387 Appropriated Retained Earnings - 45,400 0.00% 45,400 0 0 Other 21,976 8,800 249.73% 8,800 11,297 20,061 Total Revenues 2,890,834 3,842,855 75.23% 3,842,855 3,711,762 3,874,803 EXPENSES Personnel: Salary & Benefits 638,046 1,218,306 52.37% 1,218,306 1,122,404 1,213,242 Operating: Accounting & Auditing 5,847 7,000 83.53% 7,000 5,687 5,687 Charge Card Fees 53,459 79,572 67.18% 79,572 64,961 67,862 Contractual Services 1,183,433 1,254,974 94.30% 1,254,974 1,115,529 1,220,274 Entertainment 2,211 7,000 31.59% 7,000 5,249 5,462 Rental-Equipment/Uniform, etc. 8,618 23,750 36.29% 23,750 21,001 22,002 Legal Fees 4,157 10,000 41.57% 10,000 5,828 5,898 Lessons 18,868 32,000 58.96% 32,000 38,241 33,596 Marketing & Advertising 10,421 26,000 40.08% 26,000 2,629 5,121 Materials & Supplies 36,188 71,500 50.61% 71,500 45,107 56,204 Merchandise 76,982 364,000 21.15% 364,000 373,462 412,749 Professional Services 200 100 200.00% 100 190,268 227,818 Repairs & Maintenance 13,630 48,620 28.03% 48,620 20,105 22,383 Utilities 179,195 200,162 89.53% 200,162 178,370 193,588 Other Operating Costs 23,164 47,250 49.02% 47,250 30,278 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 43,513 47,470 91.66% 47,470 47,564 51,888 Contingency / Other 10,407 0 0.00% 0 0 0 Total Expenses 2,509,834 3,842,855 65.31% 3,842,855 3,635,112 4,143,601 Revenues over (under) expenses $ 381,000 $ - $ - $ 76,650 $ (268,797) Rounds 40,406 44,050 44,050 39,940 42,415