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)