Golf Division

Bella Vista Village Property Owners Association
Golf Division 20 w/o Golf Improvement Fee
For the Twelve Months Ending December 31, 2007
After Audit Numbers   

December 2007 December 2007   YTD   YTD YTD     PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET   Actual   Budget Variance   Variance % ACTUAL
Income                    
Golf 76,810 117,534   4,237,989   4,647,604 (409,615)   ( 8.8%) 4,689,934
Pro Shop 37,900 40,200   483,078   503,250 (20,173)   ( 4.0%) 463,711
Other 1,406 490   88,912   14,080 74,832    531.5% 75,793
Total Income 116,117 158,224   4,809,978   5,164,934 (354,956)   ( 6.9%) 5,229,438
                   
Pro Shop 35,056 30,291   353,583   381,601 (28,018)   ( 7.3%) 372,936
Total Cost of Goods 35,056 30,291   353,583   381,601 (28,018)   ( 7.3%) 372,936
                   
Gross Profit 81,061 127,933   4,456,395   4,783,333 (326,938)   ( 6.8%) 4,856,502
                   
Expenses                    
Salary and Wages 203,224 139,919   2,458,294   2,493,343 (35,049)   ( 1.4%) 2,261,792
Employee Benefits 17,647 46,573   567,432   665,776 (98,344)   ( 14.8%) 535,607
Maintenance and Repairs 41,566 9,375   264,477   233,135 31,342    13.4% 212,734
Supplies 45,986 5,035   552,229   542,100 10,129    1.9% 479,427
Outside Contracts 59,578 62,130   687,770   755,935 (68,165)   ( 9.0%) 717,399
Insurance 20,451 17,694   202,130   212,328 (10,198)   ( 4.8%) 192,381
Utilities 24,346 22,720   281,646   320,301 (38,655)   ( 12.1%) 291,427
Memberships, Training and Travel 600 140   15,641   19,915 (4,274)   ( 21.5%) 7,651
Fuel and Oil 11,688 4,605   142,441   127,388 15,053    11.8% 128,082
Taxes and Permits 10,396 9,628   132,195   116,296 15,899    13.7% 124,316
Professional Services 0 0   4,400   4,200 200    4.8% 4,200
Postage 97 65   1,264   1,785 (521)   ( 29.2%) 1,650
Interest Expense & Credit Card Fees 1,475 2,112   50,542   64,099 (13,557)   ( 21.1%) 52,575
Other 718 0   51,542   11,175 40,367    361.2% 7,778
Total Operating Expenses 437,771 319,996   5,412,003   5,567,776 (155,773)   ( 2.8%) 5,017,019
                   
Pre-Depreciation Gross (356,710) (192,063)   (955,608)   (784,443) (171,165)    21.8% (160,517)
                   
Depreciation 34,912 37,394   409,321   444,653 (35,332)   ( 7.9%) 448,279
                   
Net Income / Cost of Operations (391,622) (229,457)   (1,364,929)   (1,229,096) (135,833)    11.1% (608,796)