Golf Division

Bella Vista Village Property Owners Association
Golf Division  w/o Golf Improvement Fee
For the Twelve Months Ending December 31, 2009
After Audit Numbers
             
December 2009 December 2009 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 244,461 244,461 2,914,237 2,914,237 0   2,879,784
Golf 50,881 91,111 4,401,366 4,449,665 (48,299) ( 1.1%) 4,093,656
Pro Shop 39,616 45,888 440,190 502,052 (61,862) ( 12.3%) 502,083
Facility Use Fees 7,073 7,073 84,854 84,854 0   89,206
Other 3,943 1,485 90,150 56,515 33,635  59.5% 75,555
Total Income 345,974 390,018 7,930,797 8,007,323 (76,526) ( 1.0%) 7,640,284
             
Pro Shop 54,242 33,960 331,932 372,252 (40,320) ( 10.8%) 362,554
Total Cost of Goods 54,242 33,960 331,932 372,252 (40,320) ( 10.8%) 362,554
             
Gross Profit 291,732 356,058 7,598,865 7,635,071 (36,206) ( 0.5%) 7,277,731
             
Expenses              
Salary and Wages 104,145 157,218 2,603,467 2,840,317 (236,850) ( 8.3%) 2,753,688
Employee Benefits 2,668 50,122 501,647 725,611 (223,964) ( 30.9%) 637,085
Maintenance and Repairs 112,157 16,924 525,313 382,964 142,349  37.2% 361,478
Supplies 82,716 7,176 910,506 891,319 19,187  2.2% 690,136
Outside Contracts 65,696 62,334 795,931 807,331 (11,400) ( 1.4%) 764,525
Insurance 8,122 9,100 133,051 137,846 (4,795) ( 3.5%) 169,743
Utilities 23,702 18,931 299,678 291,665 8,013  2.7% 282,970
Memberships, Training and Travel 4,069 2,015 26,632 30,773 (4,141) ( 13.5%) 24,824
Fuel and Oil 2,805 12,986 113,414 158,249 (44,835) ( 28.3%) 170,437
Taxes and Permits 9,524 10,932 131,100 139,559 (8,459) ( 6.1%) 144,971
Professional Services 0 0 14,985 4,508 10,477  232.4% 11,805
Postage 33 61 603 2,307 (1,704) ( 73.9%) 1,668
Credit Card Fees & Interest Expense 1,507 1,845 64,114 60,778 3,336  5.5% 60,252
Other 7,129 1,309 59,957 47,253 12,704  26.9% 68,600
Total Operating Expenses 424,271 350,953 6,180,397 6,520,480 (340,083) ( 5.2%) 6,142,180
             
Allocations – PW 16,990 16,990 214,606 214,606 0   166,898
Allocations – F & A 39,241 39,241 503,442 502,658 784  0.2% 565,860
Total Allocations 56,231 56,231 718,048 717,264 784  0.1% 732,758
             
Pre Depreciation Gross (188,770) (51,126) 700,420 397,327 303,093  76.3% 402,793
             
Depreciation 77,378 39,164 492,036 456,545 35,491  7.8% 441,326
             
Net Income / Cost of Operations (266,149) (90,290) 208,385 (59,218) 267,603 ( 451.9%) (38,533)