Golf Division

Bella Vista – Property Owners Association
Golf Division  w/o Golf Improvement Fee
For the Twelve Months Ending December 31, 2011
After Audit
             
December 2011 December 2011 YTD YTD YTD   PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Variance % ACTUAL
Income              
Assessments 425,647 425,647 3,208,314 3,208,314 0   2,935,959
Golf 105,281 131,804 3,976,310 4,248,110 (271,800) ( 6.4%) 4,118,142
Pro Shop 44,407 13,978 475,851 436,785 39,066  8.9% 433,520
Facility Use Fees 7,073 7,073 84,854 84,854 0   84,854
Other 3,898 1,577 99,735 64,510 35,225  54.6% 91,298
Total Income 586,307 580,079 7,845,064 8,042,573 (197,509) ( 2.5%) 7,663,772
             
Pro Shop 47,331 9,628 351,183 300,484 50,699  16.9% 307,515
Total Cost of Goods 47,331 9,628 351,183 300,484 50,699  16.9% 307,515
             
Gross Profit 538,976 570,451 7,493,881 7,742,089 (248,208) ( 3.2%) 7,356,257
             
Expenses              
Salary and Wages 205,545 249,510 2,750,877 2,873,045 (122,168) ( 4.3%) 2,771,181
Employee Benefits 129 63,409 682,822 768,754 (85,932) ( 11.2%) 681,865
Maintenance and Repairs 38,957 15,287 578,668 706,606 (127,938) ( 18.1%) 421,708
Supplies 26,519 6,285 832,972 852,987 (20,015) ( 2.3%) 779,981
Outside Contracts 83,126 67,695 884,482 849,985 34,497  4.1% 848,587
Insurance 11,624 10,618 126,313 129,046 (2,733) ( 2.1%) 119,684
Utilities 21,490 33,440 350,688 350,369 319  0.1% 298,438
Memberships, Training and Travel 1,107 225 18,420 26,395 (7,975) ( 30.2%) 21,307
Fuel and Oil 3,091 3,889 151,722 115,142 36,580  31.8% 139,557
Taxes and Permits 12,892 9,157 152,883 137,400 15,483  11.3% 127,143
Professional Services 0 250 4,654 6,500 (1,846) ( 28.4%) 5,200
Postage 27 88 702 3,011 (2,309) ( 76.7%) 1,592
Credit Card Fees & Interest Expense 1,758 1,767 60,933 60,295 638  1.1% 63,160
Other 17,586 927 92,773 83,161 9,612  11.6% 66,784
Total Operating Expenses 423,850 462,547 6,688,910 6,962,696 (273,786) ( 3.9%) 6,346,188
             
Allocations – MAC 30,747 30,747 213,637 213,637 0   229,001
Allocations – F & A 77,843 77,843 605,006 605,006 0   564,275
Total Allocations 108,590 108,590 818,643 818,643 0   793,276
             
Pre Depreciation Gross 6,536 (686) (13,671) (39,250) 25,579 ( 65.2%) 216,793
             
Depreciation 52,566 49,144 574,229 574,146 83  0.0% 505,432
             
Net Income / Cost of Operations (46,029) (49,830) (587,900) (613,396) 25,496 ( 4.2%) (288,639)