Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
09-2019 Country Club_Preliminary as of 9-30-19
The Village of North Palm Beach Preliminary Country Club Budget Summary Fiscal Year Ending September 30, 2019 Revenue FY 2019 Original Budget FY 2019 Revised Budget Current YTD (Sep 2019) % of Budget Actual 9/30/18 Actual 9/30/17 Greens fee/cart rentals/membership fees 2,129,209$ 2,129,209$ 1,011,119$ 47.49% 1,743,760$ 2,302,642$ Golf Shop revenues 159,400 159,400 109,562 68.73% 217,148 296,119 Driving range revenues 300,000 300,000 164,020 54.67% 276,244 303,994 Restaurant revenues - - 4,611 0.00% - 32,595 Interest revenues 10,000 10,000 804 8.04% 13,874 10,274 Sale of Surplus - - - 0.00% 19,448 - Appropriated Retained Earnings ①275,647 611,983 - 0.00% - - Miscellaneous ③6,000 6,000 116,999 1949.98% 17,487 11,081 Total Revenues 2,880,256$ 3,216,592$ 1,407,113$ 43.75% 2,287,962$ 2,956,706$ Expenses Personnel Costs 828,298 828,298 546,089 65.93% 573,017 649,433 Operating Costs Golf Course Maintenance 1,163,500 1,163,500 1,340,158 115.18% 1,159,940 1,137,008 Golf Shop & Range 343,200 343,200 438,926 127.89% 310,952 418,621 Food & Beverage ②12,314 12,314 23,943 194.44% 41,979 64,288 Country Club Administration 13,700 13,700 15,619 114.01% 17,192 20,109 Clubhouse & Grounds 29,000 29,000 75,859 261.58% 68,350 118,380 Insurance & General Liability 46,555 46,555 27,035 58.07% 42,711 47,469 Attorney Fees 10,000 10,000 5,402 54.02% 13,772 4,683 Capital Outlay Capital Outlay ①- 336,336 370,003 110.01% 1,363,664 2,416 Debt Service Debt Service 433,689 433,689 430,850 99.35% 405,942 398,159 Reserves Contingency - - - 0.00% - 10,407 Total Expenses 2,880,256$ 3,216,592$ 3,273,883$ 101.78% 3,997,519$ 2,870,972$ Revenues over (under) expenses -$ -$ (1,866,770)$ (1,709,557)$ 85,734$ # Rounds 40,000 40,000 14,064 25,832 41,979 ① Carryover from previous year for Golf Course Improvement Project ($336,336) ② Property tax assessment for f&b lease ($8,589.50); Broker Commission ($10k) ③ Insurance Refunds ($112k) Revised Budget 3,216,592$ 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$