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03-2019 Country Club _Preliminary as of 3-31-19
The Village of North Palm Beach Preliminary Country Club Budget Summary Revenue Current YTD (Mar 2019) FY 2019 Budget % of Budget Prior Year (Mar 2018) Actual 9/30/18 Greens fee/cart rentals/membership fees 373,882$ 2,129,209$ 17.56% 1,615,960$ 1,743,760$ Golf Shop revenues 54,318 159,400 34.08% 156,987 217,148 Driving range revenues 48,555 300,000 16.18% 194,221 276,244 Interest revenues ①735 10,000 7.35% 6,329 13,874 Sale of Surplus - - 0.00% - 19,448 Appropriated Retained Earnings - 275,647 0.00% - - Miscellaneous 3,775 342,336 1.10% 11,119 17,487 Total Revenues 481,266$ 3,216,592$ 14.96% 1,984,616$ 2,287,962$ Expenses Personnel Costs 171,489 828,298 20.70% 356,526 573,017 Operating Costs Golf Course Maintenance 616,688 1,163,500 53.00% 562,713 1,159,940 Golf Shop & Range 196,296 343,200 57.20% 223,656 310,952 Food & Beverage③10,806 12,314 87.76% 33,893 41,979 Country Club Administration 7,836 13,700 57.20% 9,754 17,192 Clubhouse & Grounds 33,198 29,000 114.48% 46,500 68,350 Insurance & General Liability 13,518 46,555 29.04% 21,355 42,711 Attorney Fees 2,555 10,000 25.55% 2,867 13,772 Capital Outlay Capital Outlay ②213,049 336,336 63.34% 81,955 1,363,664 Debt Service Debt Service 199,079 433,689 45.90% 199,079 405,942 Reserves Contingency - - 0.00% - - Total Expenses 1,464,514$ 3,216,592$ 45.53% 1,538,297$ 3,997,519$ Revenues over (under) expenses (983,248)$ -$ 446,319$ (1,709,557)$ # Rounds - 40,000 22,472 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$