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01-2019 Country Club_Preliminary as of 01-31-19
The Village of North Palm Beach Preliminary Country Club Budget Summary Revenue Current YTD (Jan 2019) FY 2019 Budget % of Budget Prior Year (Jan 2018) Actual 9/30/18 Greens fee/cart rentals/membership fees 179,152$ 2,129,209$ 8.41% 1,065,264$ 1,743,760$ Golf Shop revenues 34,272 159,400 21.50% 92,125 217,148 Driving range revenues - 300,000 0.00% 106,281 276,244 Interest revenues ①- 10,000 0.00% 3,412 13,874 Sale of Surplus - - 0.00% - 19,448 Appropriated Retained Earnings - 275,647 0.00% - - Miscellaneous 1,792 342,336 0.52% 5,446 17,487 Total Revenues 215,217$ 3,216,592$ 6.69% 1,272,527$ 2,287,962$ Expenses Personnel Costs 101,611 828,298 12.27% 247,148 573,017 Operating Costs Golf Course Maintenance 396,985 1,163,500 34.12% 374,379 1,159,940 Golf Shop & Range 108,864 343,200 31.72% 148,183 310,952 Food & Beverage③10,061 12,314 81.70% 25,437 41,979 Country Club Administration 1,943 13,700 14.18% 5,587 17,192 Clubhouse & Grounds 18,496 29,000 63.78% 36,720 68,350 Insurance & General Liability 9,012 46,555 19.36% 14,237 42,711 Attorney Fees 1,326 10,000 13.26% 1,599 13,772 Capital Outlay Capital Outlay ②118,643 336,336 35.27% - 1,363,664 Debt Service Debt Service - 433,689 0.00% - 405,942 Reserves Contingency - - 0.00% - - Total Expenses 766,940$ 3,216,592$ 23.84% 853,290$ 3,997,519$ Revenues over (under) expenses (551,723)$ -$ 419,238$ (1,709,557)$ # Rounds - 40,000 13,298 25,832 ① Interest allocation not yet complete ② Carryover from previous year for Golf Course Improvement Project ③ Property tax assessment for f&b lease ($8,589.50) Revised Budget 3,216,592$ Less: Original Budget (2,880,256) Budget Amendments 336,336$ Budget Amendments: FY'18 Open P.O. carryover 154,415$ FY'18 unused capital funds carryover 181,921 Total Budget Amendments 336,336$