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AUGUST 2016 Country Club_as of 9-12-16The Village of North Palm Beach Country Club Budget Summary Fiscal Year 2015 -2016 Preliminary - 11 Months Ending 8131116 FY 2016 % of FY 2016 Prior Year Actual Golf F & B Admin Total Revised Budget Budget Original Budget August 2015 9/30/2015 REVENUES Driving Range $ 307,759 S 307,759 S 304,953 100.92% $ 304,953 $ 302,543 $ 313,882 Membership 594,859 594,859 631,635 94.18% 631,635 569,404 569,851 Cart Rental 769,756 769,756 874,771 88.00% 874,771 779,639 821,855 Walking Fees 43,550 43,550 53,818 80.92% 53,818 51,196 52,718 Greens Fees 805,855 805,855 913,172 88.25% 913,172 857,638 879,743 Lessons 114,331 114,331 140,000 81.67% 140,000 148,489 159,237 Tournament Proceeds 3,630 3,630 3,000 120.99% 3,000 2,998 3,059 Merchandise Sales 144,094 144,094 185,000 77.89% 185,000 169,290 180,971 Golf Club Rental 36,237 - - 36,237 43,000 8427% 43,000 46,228 47,782 Bag Room 13,750 - - 13,750 12,500 110.00% 12,500 14,680 14,680 Facility Rental - 35,614 - 35,614 12,305 289.43% 12,305 10,956 11,131 Liquor Sales 238,249 238,249 271,745 87.67% 271,745 234,882 248,806 Food & Beverage Sales 433,323 433,323 504,965 85.81% 504,965 442,870 466,248 Sales of Surplus 145,000 - 145,000 145,000 100.00% 145,000 0 - Interest Earnings 6,540 6,540 10,000 65.40% 10,000 9,849 10,393 Insurance Refunds - - 387 387 0 0.00% 0 5,400 5,400 Charge Card Fee Revenue - - 5,416 5,416 14,212 38.11% 14,212 0 14 Appropriated Fund Balance - 264,000 0.00% 0 0 - Other 8.135 (162) 3,347 11,320 8,600 131.63% 8,600 12,071 13,478 Total Revenues 2,986,956 707,023 15,690 3,709,669 4,392,676 84.45% 4,128,676 3,658,130 3,799,246 EXPENSES Personnel: Salary & Benefits 519,528 543.694 59,167 1,122,389 1,209,119 92.83% 1,209,119 1,002,983 1,090,503 Operating: Accounting & Auditing - - 5,687 5,687 7,000 8124% 7,000 5,319 6,219 Charge Card Fees 52,626 12,335 - 64,961 66,095 9828% 66,095 67,495 70,095 Contractual Services 1,092,713 22,744 72 1,115,529 1,269,563 87.87% 1,269,563 1,024,337 1,116,070 Entertainment - 5,249 - 5,249 8,000 65.62% 8,000 5,152 5,204 Rental- Equipment/Uniform, etc. 9,191 9,004 2,806 21,001 23,850 88.06% 23,850 22,513 23,398 Legal Fees 5,828 5,828 10,000 58.28% 10,000 9,055 10,770 Lessons 38,241 - - 38,241 52,000 73.54% 52,000 55,153 58,723 Marketing & Advertising 2,201 428 - 2,629 39,000 6.74% 39,000 12,287 13,334 Materials & Supplies 21,999 27,392 3,003 52,394 79,150 66.20% 79,150 61,988 70,493 Merchandise 91,644 281,105 - 372,749 366,450 101.72% 366,450 361,274 384,168 Professional Services - - 158,230 158,230 264,100 59.91% 100 120 120 Repairs & Maintenance 14,677 4,951 - 19,628 68,598 28.61% 68,598 86,561 92,588 Utilities 130,018 44,208 2,039 176,265 181,306 9722% 181,306 170,441 185,831 Other Operating Costs 13,556 5,155 3,544 22,255 51,055 43.59% 51,055 33,539 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% 112,000 124,357 135,662 Insurance- Prop & Gen Liab 47,564 47,564 51,889 91.67% 51,889 58,354 63,659 Contingency - - 115,350 0.00% 115,350 0 - Total Expenses 2,354,823 956,264 287,941 3,599,029 4,392,676 81.93% 4,128,676 3,308,170 3,768,889 Revenues over (under) expenses $ 632,133 $ (249,241) $ (272,252) $ 110,641 $ $ 8 349,960 S 30,357 Rounds 39,940 44,200 44,200 40,477 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