Golf Division

Bella Vista – Property Owners Association
Golf Division  w/o Golf Improvement Fee
For the Twelve Months Ending December 31, 2010
After Audit
             
December 2010 December 2010 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 244,666 244,666 2,935,959 2,935,959 0   2,914,237
Golf 77,804 83,308 4,118,142 4,468,698 (350,556) ( 7.8%) 4,401,366
Pro Shop 35,769 36,672 433,520 401,921 31,599  7.9% 440,190
Facility Use Fees 7,073 7,073 84,854 84,854 0   84,854
Other 2,578 1,377 91,298 54,090 37,208  68.8% 90,150
Total Income 367,891 373,096 7,663,772 7,945,522 (281,750) ( 3.5%) 7,930,797
             
Pro Shop 33,991 27,073 307,515 296,360 11,155  3.8% 331,932
Total Cost of Goods 33,991 27,073 307,515 296,360 11,155  3.8% 331,932
             
Gross Profit 333,900 346,023 7,356,257 7,649,162 (292,905) ( 3.8%) 7,598,865
             
Expenses              
Salary and Wages 168,209 250,621 2,771,181 2,875,714 (104,533) ( 3.6%) 2,603,467
Employee Benefits 15,636 54,051 681,865 673,554 8,311  1.2% 501,647
Maintenance and Repairs 19,658 15,594 421,708 389,318 32,390  8.3% 525,313
Supplies 12,085 11,282 779,981 915,610 (135,629) ( 14.8%) 910,506
Outside Contracts 67,306 71,250 848,587 879,879 (31,292) ( 3.6%) 795,931
Insurance 10,536 11,436 119,684 139,272 (19,588) ( 14.1%) 133,051
Utilities 23,691 31,961 298,438 319,692 (21,254) ( 6.6%) 299,678
Memberships, Training and Travel 2,281 285 21,307 29,860 (8,553) ( 28.6%) 26,632
Fuel and Oil 15,128 5,185 139,557 115,935 23,622  20.4% 113,414
Taxes and Permits 1,356 9,082 127,143 110,139 17,004  15.4% 131,100
Professional Services 0 0 5,200 5,800 (600) ( 10.3%) 14,985
Postage 94 73 1,592 1,968 (376) ( 19.1%) 603
Credit Card Fees & Interest Expense 1,746 1,752 63,160 60,110 3,050  5.1% 64,114
Other 6,993 1,362 66,784 64,066 2,718  4.2% 59,957
Total Operating Expenses 344,720 463,934 6,346,188 6,580,917 (234,729) ( 3.6%) 6,180,397
             
Allocations – MAC 19,044 19,044 229,001 229,001 0   214,606
Allocations – F & A 46,989 46,989 564,275 564,275 0   503,442
Total Allocations 66,033 66,033 793,276 793,276 0   718,048
             
Pre Depreciation Gross (76,853) (183,944) 216,793 274,969 (58,176) ( 21.2%) 700,420
             
Depreciation 43,525 45,841 505,432 536,746 (31,314) ( 5.8%) 492,036
             
Net Income / Cost of Operations (120,378) (229,785) (288,639) (261,777) (26,862)  10.3% 208,385