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DECEMBER 2015 Country Club Preliminary as of _1-11-16The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2015 -2016 Preliminary Ist Quarter Ending 12131Q5 FY 2016 % of FY 2016 Prior Year Unaudited Golf F & B Admin Total Revised Budget Budget Original Budget Dec 2014 9/30/2015 REVENUES Driving Range $ 62,655 S 62,655 S 304,953 20.55% $ 304,953 $ 77,351 $ 313,882 Membership 466,258 466,258 631,635 73.82% 631,635 430,957 569,851 Cart Rental 189,646 189,646 874,771 21.68% 874,771 197,569 821,855 Walking Fees 12,509 12,509 53,818 2324% 53,818 14,004 52,718 Greens Fees 181,410 181,410 913,172 19.87% 913,172 202,439 879,743 Lessons 32,990 32,990 140,000 23.56% 140,000 37,333 159,237 Tournament Proceeds 724 724 3,000 24.14% 3,000 945 3,059 Merchandise Sales 35,422 35,422 185,000 19.15% 185,000 44,071 180,971 Special Events /Camps - - 0 0.00% 0 0 - Food & Beverage -Lease Operation - - 0 0.00% 0 0 - LiquorSales 59,364 59,364 271,745 21.85% 271,745 62,363 248,806 Food & Beverage Sales 122,526 122,526 504,965 24.26% 504,965 137,451 466,248 Sales of Surplus 145,000 - 145,000 145,000 100.00% 145,000 0 - Interest Earnings - - 10,000 0.00% 10,000 2,224 10,393 Other 24,150 11,323 4,660 40,134 354,617 11.32% 90,617 40,451 92,484 Total Revenues 1,150,764 193,214 4,660 1,348,638 4,392,676 30.70% 4,128,676 1,247,158 3,799,246 EXPENSES Personnel: Salary & Benefits 127,987 119,195 15,007 262,189 1,209,119 21.68% 1,209,119 260,356 1,090,503 Operating: Accounting & Auditing - - 300 300 7,000 429% 7,000 0 6,219 Charge Card Fees 14,922 2,843 - 17,766 66,095 26.88% 66,095 20,325 70,095 Contractual Services 276,065 5,520 - 281,585 1,269,563 22.18% 1,269,563 282,481 1,116,070 Entertainment - 1,104 - 1,104 8,000 13.80% 8,000 2,125 5,204 Rental- Equipment/Uniform, etc. 2,386 2,767 801 5,954 23,850 24.97% 23,850 6,520 23,398 Legal Fees 2,118 2,118 10,000 21.18% 10,000 2,783 10,770 Lessons 11,690 - - 11,690 52,000 22.48% 52,000 13,146 58,723 Marketing & Advertising 1,019 30 - 1,049 39,000 2.69% 39,000 3,551 13,334 Materials & Supplies 14,296 7,793 648 22,737 79,150 28.73% 79,150 27,938 70,493 Merchandise 31,223 79,203 - 110,426 366,450 30.13% 366,450 99,775 384,168 Professional Services - - - - 264,100 0.00% 100 120 120 Repairs & Maintenance 5,904 1,988 - 7,892 68,598 11.50% 68,598 13,716 92,588 Solid Waste Disposal - - - - 0 0.00% 0 0 - Utilities 35,351 11,889 556 47,796 181,306 26.36% 181,306 48,657 185,831 Other Operating Costs 3,297 1,062 719 5,077 51,055 9.95% 51,055 13,232 35,732 Capital: Capital Outlay 19,783 - - 19,783 20,000 98.92% 20,000 0 8,161 Debt & Other: Debt Service - - 398,151 0.00% 398,151 0 398,159 Golf Cart Lease (Capital Lease) 149,566 149,566 112,000 133.54% 112,000 33,916 135,662 Insurance -Prop & Gen Liab 12,972 12,972 51,889 25.00% 51,889 15,915 63,659 Contingency - - 115,350 0.00% 115,450 0 - Total Expenses 693,488 233,395 33,122 960,004 4,392,676 21.85% 4,128,676 844,556 3,768,889 Revenues over (under) expenses S 457,276 S (40,181) S 388,633 S $ S 402,602 S 30,357 S (28,462) Rounds 9,734 44,200 44,200 10,201 42,934 FY 2016 Revised Budget 4,392,676.00 FY 2016 Original Budget 4,128,676.00 Difference 264,000.00 FY 2015 Open PO Carryover