Golf Division

Bella Vista Village Property Owners Association
Golf Division
For the Twelve Months Ending December 31, 2013
After Audit
             
December
 2013
December
 2013
YTD YTD YTD 12 Month PREVIOUS YR.
DESCRIPTION ACTUAL BUDGET Actual Budget Variance Total Budget ACTUAL
             
Income              
Assessments 364,270 364,270 3,246,664 3,246,664 0 3,246,664 3,529,850
Golf 67,380 108,932 3,732,106 4,111,098 (378,992) 4,111,098 4,334,120
Pro Shop 30,168 15,359 517,486 480,001 37,485 480,001 532,461
Facility Use Fees 1,653 1,653 76,749 76,749 0 76,749 77,397
Other 5,723 2,337 117,787 83,310 34,477 83,310 71,003
Total Income 469,195 492,551 7,690,792 7,997,822 (307,030) 7,997,822 8,544,831
             
Pro Shop 52,854 11,059 396,763 345,601 51,162 345,601 404,150
Total Cost of Goods 52,854 11,059 396,763 345,601 51,162 345,601 404,150
             
Gross Profit 416,340 481,492 7,294,029 7,652,221 (358,192) 7,652,221 8,140,680
             
Expenses              
Salary and Wages (77,408) 180,828 2,604,119 2,919,301 (315,182) 2,919,301 2,768,089
Employee Benefits (12,318) 53,808 668,370 781,123 (112,754) 781,123 742,653
Maintenance and Repairs 51,841 13,868 604,641 314,799 289,842 314,799 492,345
Supplies 32,892 5,978 609,517 672,448 (62,931) 672,448 608,548
Outside Contracts 70,437 71,627 874,403 896,915 (22,512) 896,915 925,199
Insurance 7,438 11,394 108,924 136,748 (27,824) 136,748 130,559
Utilities 25,880 36,693 356,418 391,283 (34,865) 391,283 396,531
Memberships, Training and Travel 2,097 150 18,947 24,035 (5,088) 24,035 24,843
Fuel and Oil (533) 4,563 144,796 172,407 (27,611) 172,407 178,954
Taxes and Permits 28,813 13,958 169,190 157,216 11,974 157,216 220,927
Professional Services 0 300 2,900 7,300 (4,400) 7,300 50,039
Postage 18 77 1,754 924 830 924 539
Credit Card Fees & Interest Expense 1,416 1,715 52,392 45,750 6,642 45,750 64,522
Other 6,808 1,755 65,636 92,770 (27,134) 92,770 119,133
Total Operating Expenses 137,380 396,714 6,282,006 6,613,019 (331,013) 6,613,019 6,722,881
             
Allocations – MAC 18,656 18,656 217,802 217,802 0 217,802 198,416
Allocations – F & A 66,123 66,123 821,400 821,400 0 821,400 493,696
Total Allocations 84,779 84,779 1,039,203 1,039,203 0 1,039,203 692,112
             
Pre Depreciation Gross 194,181 (0) (27,179) (1) (27,178) (1) 725,687
             
Depreciation 47,885 47,931 586,110 586,510 (400) 586,510 621,808
             
Net Income / Cost of Operations 146,296 (47,931) (613,289) (586,510) (26,778) (586,510) 103,879