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JULY 2016 Country Club_ as of 8-10-2016The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2015 -2016 Preliminary 10 Months Ending 7131116 FY 2016 % of FY 2016 Prior Year Actual Golf F & B Admin Total Revised Budget Budget Original Budget July 2015 9/30/2015 REVENUES Driving Range $ 289,999 S 289,999 S 304,953 95.10% $ 304,953 $ 287,987 $ 313,882 Membership 594,532 594,532 631,635 94.13% 631,635 569,008 569,851 Cart Rental 725,481 725,481 874,771 82.93% 874,771 731,874 821,855 Walking Fees 42,302 42,302 53,818 78.60% 53,818 48,564 52,718 Greens Fees 782,925 782,925 913,172 85.74% 913,172 832,482 879,743 Lessons 100,557 100,557 140,000 71.83% 140,000 140,720 159,237 Tournament Proceeds 3,629 3,629 3,000 120.96% 3,000 2,993 3,059 Merchandise Sales 135,688 135,688 185,000 73.34% 185,000 157,924 180,971 Golf Club Rental 34,427 - - 34,427 43,000 80.06% 43,000 43,974 47,782 Bag Room 13,630 - - 13,630 12,500 109.04% 12,500 14,680 14,680 Facility Rental - 34,559 - 34,559 12,305 280.85% 12,305 10,481 11,131 Liquor Sales 225,582 225,582 271,745 83.01% 271,745 219,272 248,806 Food & Beverage Sales 409,267 409,267 504,965 81.05% 504,965 415,856 466,248 Sales of Surplus 145,000 - 145,000 145,000 100.00% 145,000 0 - Interest Earnings 5,627 5,627 10,000 56.27% 10,000 9,023 10,393 Insurance Refunds - - - - 0 0.00% 0 5,400 5,400 Charge Card Fee Revenue - - 5,330 5,330 14,212 37.50% 14,212 0 14 Appropriated Fund Balance - 264,000 0.00% 0 0 - Other 8.061 (163) 3,299 11,197 8,600 130.20% 8,600 10,957 13,478 Total Revenues 2,876,231 669,244 14,256 3,559,731 4,392,676 81.04% 4,128,676 3,501,196 3,799,246 EXPENSES Personnel: Salary & Benefits 476,922 503,093 54,747 1,034,762 1,209,119 85.58% 1,209,119 929,131 1,090,503 Operating: Accounting & Auditing - - 5,687 5,687 7,000 81.24% 7,000 5,319 6,219 Charge Card Fees 50,177 11,576 - 61,752 66,095 93.43% 66,095 64,603 70,095 Contractual Services 990,611 20,879 72 1,011,562 1,269,563 79.68% 1,269,563 932,605 1,116,070 Entertainment - 5,042 - 5,042 8,000 63.03% 8,000 4,495 5,204 Rental- Equipment/Uniform, etc. 6,687 8,194 2,597 17,478 23,850 7328% 23,850 21,773 23,398 Legal Fees 5,233 5,233 10,000 5233% 10,000 7,533 10,770 Lessons 29,642 - - 29,642 52,000 57.00% 52,000 57,736 58,723 Marketing & Advertising 2,201 351 - 2,552 39,000 6.54% 39,000 12,287 13,334 Materials & Supplies 21,981 25,670 2,864 50,515 79,150 63.82% 79,150 59,969 70,493 Merchandise 86,277 263,305 - 349,582 366,450 95.40% 366,450 336,507 384,168 Professional Services - - 158,230 158,230 264,100 59.91% 100 120 120 Repairs & Maintenance 13,618 4,589 - 18,206 68,598 26.54% 68,598 78,271 92,588 Solid Waste Disposal - - - - 0 0.00% 0 0 - Utilities 120,528 39,931 1,854 162,313 181,306 89.52% 181,306 154,114 185,831 Other Operating Costs 13,039 5,050 3,050 21,139 51,055 41.40% 51,055 31,003 35,732 Capital: Capital Outlay 19,783 - - 19,783 20,000 98.92% 20,000 8,161 8,161 Debt & Other: Debt Service 199,079 199,079 398,151 50.00% 398,151 199,079 398,159 Golf Cart Lease (Capital Lease) 149,566 149,566 112,000 133.54% 112,000 113,052 135,662 Insurance -Prop & Gen Liab 43,240 43,240 51,889 83.33% 51,889 53,049 63,659 Contingency - - 115,350 0.00% 115,350 0 - Total Expenses 2,180,111 887,680 277,574 3,345,364 4,392,676 76.16% 4,128,676 3,068,807 3,768,889 Revenues over (under) expenses S 696,120 $ (218,435) $ (263,318) $ 214,367 S S S 432,388 S 30,357 Rounds 37,543 44,200 44,200 37,783 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 Cazryover