OCTOBER 18, 2018 - BOARD BOOK

Frenchman's Creek Summary Statement Of Operations

Sep-18

Year To Date

Sep-18

Budget

Sep-17

Var to Bud

Sep-18

Budget

Sep-17

Var to Bud

%

%

%

%

%

%

9,000,244

9,028,714

8,579,327

1,760,601

1,759,320

1,660,301

Total Club Revenue

1,281

(28,470)

FCC

7,084,685 61,400 398,567 6,747,518

6,924,509 73,282 393,786 6,604,004

Recreational Fee Other Income

7,092,506 73,036 396,613 6,768,929

1,384,769

1,418,501

1,416,937

100.0% 7,821 1.1% 11,636 5.7% 1,954 95.4% 21,411

100.0%

100.0% 1,564 1.1% 2,401 5.7% 1,210 95.4% 5,175

100.0%

100.0%

100.0%

14,396 78,018

11,995 79,228

14,719 78,310

1.0% 5.5%

0.8% 5.6%

1.0% 5.6%

0.9% 5.6%

Expenses

1,354,879

1,349,704

1,321,178

Net Income/(Loss)

95.5%

95.3%

95.4%

95.2%

Golf Operations

139,338 43,744 206,509 40,559

90,861 31,380 209,682 39,711

Revenue

138,483 44,956 242,486 39,049

16,223 7,472 40,736 8,193

29,064 13,750 52,082 9,425

30,198 13,605 36,962 8,726

100.0%

(855)

100.0% 32.5% 175.1% 28.2%

100.0% 31.4% 148.2% 29.1%

100.0% 45.1% 122.4% 28.9% -96.3% 100.0% 87.2% 25.3% 15.0% -27.5%

186.1% (1,134)

100.0% 47.3% 179.2% 32.4%

Cost of Sales

46.1%

(145)

34.5% (1,212) 230.8% (35,977) 43.7% 1,510

Wages & Benefits

134.9% (15,120)

Expenses

27.1%

(699)

Net Income/(Loss)

(188,009) -135.8%

(151,474) -108.7%

(189,912) -209.0% (36,535)

(40,178) -133.0% (17,098)

(46,193) -158.9%

(29,095)

Golf Shop Revenue Cost of Sales

29,356 22,491 6,911 4,204 (4,251)

26,178 22,833 6,631 3,925 (7,211)

14,358 11,663 12,437 2,161

229,323 205,413 46,735 23,091 (45,916)

211,791 179,368 39,253 21,290 (28,120)

203,775 193,360 62,370 17,086 (69,041)

100.0% 76.6% 23.5% 14.3% -14.5%

100.0% 3,178

100.0% 89.6% 20.4% 10.1% -20.0% 100.0% 260.0% 132.8%

100.0% 84.7% 18.5% 10.1% -13.3%

100.0% 17,532 94.9% (26,045) 30.6% (7,482) 8.4% (1,801) -33.9% (17,796)

81.2% 86.6% 15.0%

342

Wages & Benefits

(280) (279)

Expenses

Net Income/(Loss)

(11,902)

-82.9% 2,960

Caddie Revenue

3,075 7,419

3,710 7,444 2,387

2,692 6,999 3,576

- - - -

- - - -

- - - -

100.0% 200.7%

(383)

100.0% 241.3%

0.0% 0.0% 0.0% 0.0%

0.0% 0.0% 0.0% 0.0%

- - - -

0.0% 0.0% 0.0% 0.0%

Wages & Benefits

420

Expenses

-

0.0%

64.3% (3,576)

Net Income/(Loss)

(7,883) -292.8%

(4,344) -141.3%

(6,121) -165.0% (3,539)

Cart & Range Locker Rooms

27,410 31,532 300,554

33,130 31,097 306,167

24,235 29,169 256,940

131,613 176,629

133,342 168,818

131,408 158,310

1.6% 1.8%

1.9% 1.8%

1.5% 2.0%

1.4% 5,720

1.5% 1.9%

1.5% 1,729 1.8% (7,811) 14.0% 6,060

1.7%

(435)

Golf Course Maint.

1,332,171

1,338,231

1,263,618

17.1%

17.4%

14.8%

14.8%

14.6% 5,613

(409,940)

(406,700)

(362,424)

Total Golf Operation

(1,882,221)

(1,824,329)

(1,818,410)

-23.3%

-23.1%

-21.8% (3,240)

-20.9%

-20.2%

-20.2% (57,892)

Tennis Revenue

274

225

136

1,539

1,199

1,964

100.0%

100.0%

340

100.0%

100.0%

100.0%

49

100.0%

15,053 4,792

20,361 5,987

17,768 4,449

Wages & Benefits

107,251 19,454 (125,166)

109,077 27,250 (135,128)

104,310 18,511 (120,857)

0.9% 0.3% -1.1%

1.2% 0.3% -1.5%

1.0% 5,308 0.3% 1,195 -1.3% 6,552

1.2% 0.2% -1.4%

1.2% 0.3% -1.5%

1.2% 1,826 0.2% 7,796 -1.3% 9,962

Expenses

(19,571)

(26,123)

(22,080)

Net Income/(Loss)

Fitness Revenue

58,208 95,330 106,633 (143,754)

68,668 98,982 105,839 (136,153)

4,963 18,216 22,384

8,682 18,285 21,381

6,755 16,256 22,020

64,096 95,569 97,367

100.0%

100.0%

100.0% (3,719)

100.0%

100.0%

100.0% (10,460) 1.1% 3,652

Wages & Benefits

1.0% 1.3% -2.0%

1.0% 1.2% -1.8%

0.9%

69

1.1% 1.2% -1.6%

1.1% 1.2% -1.5%

Expenses

1.3% (1,003) -1.8% (4,653)

1.1%

(794)

(35,637)

(30,984)

(31,522)

Net Income/(Loss)

(128,840)

-1.4% (7,601)

25/100