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Feb 2016 CC Preliminary_as of 3-10-16The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2015 -2016 Preliminary 5 Months Endng 2129116 FY 2016 % of FY 2016 Prior Year Golf F & B Admin Total Revised Budget Budget Original Budget Feb 2015 9/30/2015 REVENUES Driving Range $ 141,959 $ 141,959 $ 304,953 46.55% $ 304,953 $ 154,594 $ 313,882 Membership 532,115 532,115 631,635 84.24% 631,635 501,892 569,851 Cart Rental 355,836 355,836 874,771 40.68% 874,771 371,225 821,855 Walking Fees 23,453 23,453 53,818 43.58% 53,818 26,817 52,718 Greens Fees 442,070 442,070 913,172 48.41% 913,172 478,262 879,743 Lessons 63,895 63,895 140,000 45.64% 140,000 73,336 159,237 Tournament Proceeds 2,586 2,586 3,000 86.18% 3,000 1,924 3,059 Merchandise Sales 67,822 67,822 185,000 36.66% 185,000 77,505 180,971 Special Events /Camps - - 0 0.00% 0 0 - Food & Beverage -Lease Operation - - 0 0.00% 0 0 - Liquor Sales 113,778 113,778 271,745 41.87% 271,745 107,442 248,806 Food & Beverage Sales 222,615 222,615 504,965 44.09% 504,965 214,084 466,248 Sales of Surplus 145,000 - 145,000 145,000 100.00% 145,000 0 - Interest Earnings 1,408 1,408 10,000 14.08% 10,000 4,064 10,393 Other 36,114 19,944 6,160 62,218 354,617 17.55% 90,617 56,945 92,484 Total Revenues 1,810,850 356,337 7,568 2,174,755 4,392,676 49.51% 4,128,676 2,068,092 3,799,246 EXPENSES Personnel: Salary & Benefits 241,641 239,492 27,884 509,018 1,209,119 42.10% 1,209,119 465,798 1,090,503 Operating: Accounting & Auditing - - 2,500 2,500 7,000 35.71% 7,000 4,440 6,219 Charge Card Fees 28,748 4,938 - 33,686 66,095 50.97% 66,095 35,738 70,095 Contractual Services 480,135 9,983 72 490,191 1,269,563 38.61% 1,269,563 469,013 1,116,070 Entertainment - 3,023 - 3,023 8,000 37.79% 8,000 2,635 5,204 Rental- Equipment/Uniform, etc. 4,809 4,418 1,268 10,494 23,850 44.00% 23,850 9,978 23,398 Legal Fees 3,203 3,203 10,000 32.03% 10,000 2,958 10,770 Lessons 21,922 - - 21,922 52,000 42.16% 52,000 27,401 58,723 Marketing & Advertising 1,448 30 - 1,478 39,000 3.79% 39,000 6,038 13,334 Materials & Supplies 17,211 16,776 1,085 35,071 79,150 44.31% 79,150 36,153 70,493 Merchandise 41,579 139,452 - 181,031 366,450 49.40% 366,450 164,650 384,168 Professional Services - - - - 264,100 0.00% 100 120 120 Repairs & Maintenance 7,783 2,638 - 10,422 68,598 15.19% 68,598 18,277 92,588 Solid Waste Disposal - - - - 0 0.00% 0 0 - Utilities 60,012 19,471 927 80,409 181,306 44.35% 181,306 80,968 185,831 Other Operating Costs 5,956 4,075 2,550 12,581 51,055 24.64% 51,055 18,900 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 56,526 135,662 Insurance -Prop & Gen Liab 21,620 21,620 51,889 41.67% 51,889 26,525 63,659 Contingency - - 115,350 0.00% 115,350 0 - Total Expenses 1,080,593 444,295 61,108 1,585,997 4,392,676 36.11% 4,128,676 1,426,116 3,768,889 Revenues over (under) expenses $ 730,257 $ (87,958) $ (53,540) $ 588,758 $ $ $ 641,975 $ 30,357 Rounds 18,178 44,200 44.200 18.977 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