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March 2013 Country Club Preliminary_as of 4-10-13
The Village of North Palm Beach Country Club Budget Summary Mid-Year Ending March 31,2013 **PRELIMINARY** 6 Months Ending 313112013 FY 2013 %of budget Prior Year Golf F&B Admin Total Budget (Target 50%) March 2012 REVENUES Driving Range $ 163,308 $ 163,308 $ 209,026 78.13% $ 149,899 Membership 538,925 538,925 623,580 86.42% 592,878 Cart Rental 465,146 465,146 939,400 49.52% 480,544 Walking Fees 26,108 26,108 37,520 69.58% 23,514 Greens Fees 584,309 584,309 912,480 64.04% 585,377 Lessons 64,660 64,660 100,000 64.66% 58,387 Tournament Proceeds 1,780 1,780 2,716 65.53% 2,412 Merchandise Sales 84,340 84,340 140,150 60.18% 87,650 Special Events/Camps - 0 4,000 0.00% 0 Food&Beverage-Lease Operation - 0 0 0.00% 0 Liquor Sales 107,117 107,117 240,000 44.63% 109,387 Food&Beverage Sales 215,772 215,772 545,000 39.59% 226,393 Sales of Surplus 128,000 - 128,000 96,000 133.33% 0 Interest Earnings 1,540 1,540 7,327 21.01% 3,663 Other 43,909 3,360 2,633 49,901 91,734 54.40% 43,295 Total Revenues 2,100,483 326,249 4,172 2,430,904 3,948,933 61.56% 2,363,399 EXPENSES Personnel: Salary&Benefits 286,581 172,976 30,095 489,652 938,748 52.16% 422,768 Operating: Accounting&Auditing - - 6,071 6,071 7,000 86.73% 5,911 Charge Card Fees 30,291 4,485 0 34,776 59,500 58.45% 34,429 Contractual Services 535,615 12,124 4,139 551,878 1,213,802 45.47% 608,601 Entertainment - 3,636 0 3,636 10,000 36.36% 3,423 Rental-Equipment/Uniform,etc. 1,023 8,404 1,912 11,339 22,714 49.92% 10,708 Legal Fees 7,770 7,770 7,500 103.60% 3,710 Lessons 16,771 - 0 16,771 35,000 47.92% 14,756 Marketing&Advertising 10,143 53 0 10,196 45,000 22.66% 9,194 Materials&Supplies 22,318 7,587 2,245 32,151 65,675 48.95% 33,557 Merchandise 47,876 122,176 0 170,052 388,000 43.83% 169,580 Repairs&Maintenance 16,755 24,142 0 40,897 76,424 53.51% 18,272 Solid Waste Disposal 6,648 6,646 0 13,294 14,450 92.00% 13,378 Utilities 74,186 21,569 2,353 98,108 217,202 45.17% 103,452 Other Operating Costs 7,646 7,304 2,319 17,269 43,000 40.16% 16,748 Capital: Capital Outlay - 2,250 0 2,250 53,639 4.19% 15,000 Debt&Other: Debt Service 199,079 199,079 398,151 50.00% 197,450 Golf Cart Lease 145,705 145,705 234,183 62.22% 37,618 Insurance-Prop&Gen Liab 21,840 21,840 43,881 49.77% 19,932 Contingency 0 0 75,064 0.00% 0 Total Expenses 1,400,638 393,351 78,745 1,872,734 3,948,933 47.42% 1,738,486 Revenues over(under)expenses $ 699,844 $ (67,102) $ (74,572) $ 558,170 $ - $ 624,913 Rounds 23,106 23,755