Golf Division

  Bella Vista Village Property Owners Association  
  Golf Division  
  For the Twelve Months Ending December 31, 2012 After Audit  
             
December 2012 December 2012 YTD YTD YTD 12 Month PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Total Budget ACTUAL
Income              
Assessments 343,085 343,085 3,529,850 3,529,850 0 3,529,850 3,208,314
Golf 115,045 88,778 4,334,120 3,914,101 420,019 3,914,101 3,976,310
Pro Shop 40,878 14,077 532,461 442,887 89,574 442,887 475,851
Facility Use Fees 1,616 1,616 77,397 77,397 0 77,397 84,854
Other (28,468) 2,337 71,003 83,310 (12,307) 83,310 99,735
Total Income 472,157 449,893 8,544,831 8,047,545 497,286 8,047,545 7,845,064
             
Pro Shop 47,688 9,628 404,150 300,484 103,666 300,484 351,183
Total Cost of Goods 47,688 9,628 404,150 300,484 103,666 300,484 351,183
             
Gross Profit 424,469 440,265 8,140,680 7,747,061 393,619 7,747,061 7,493,881
             
Expenses              
Salary and Wages 53,592 178,744 2,768,089 2,861,850 (93,761) 2,861,850 2,750,877
Employee Benefits 24,788 51,904 742,653 752,291 (9,638) 752,291 682,822
Maintenance and Repairs 50,843 13,460 492,345 303,240 189,105 303,240 578,668
Supplies 44,196 5,559 608,548 672,750 (64,203) 672,750 832,972
Outside Contracts 107,802 70,752 925,199 883,715 41,484 883,715 884,482
Insurance 4,989 12,124 130,559 150,135 (19,576) 150,135 126,313
Utilities 27,206 34,606 396,531 397,818 (1,287) 397,818 350,688
Memberships, Training and Travel 963 150 24,843 23,580 1,263 23,580 18,420
Fuel and Oil (1,398) 4,210 178,954 159,000 19,954 159,000 151,722
Taxes and Permits 99,866 10,256 220,927 144,445 76,482 144,445 152,883
Professional Services 0 300 50,039 7,300 42,739 7,300 4,654
Postage 12 87 539 2,994 (2,455) 2,994 702
Credit Card Fees & Interest Expense 4,442 1,644 64,522 45,310 19,212 45,310 60,933
Other 18,916 1,725 119,133 87,370 31,763 87,370 92,773
Total Operating Expenses 436,216 385,521 6,722,881 6,491,798 231,083 6,491,798 6,688,910
             
Allocations – MAC 15,326 15,326 198,416 198,416 (0) 198,416 213,637
Allocations – F & A 39,418 39,418 493,696 493,696 0 493,696 605,006
Total Allocations 54,744 54,744 692,112 692,113 (0) 692,113 818,643
             
Pre Depreciation Gross (66,491) 0 725,687 563,150 162,536 563,150 (13,671)
             
Depreciation 55,953 51,982 621,808 628,698 (6,891) 628,698 574,229
             
Net Income / Cost of Operations (122,444) (51,982) 103,879 (65,548) 169,427 (65,548) (587,900)