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

%

%

%

%

%

%

Main Club F&B Revenue

112,183 22,658 106,642 241,483 79,429 232,910 67,716 (146,016) 7,444

101,213 18,579 107,140 226,932 72,608 10,305 223,672 56,796 (136,449)

108,985 24,095 90,260 223,340 91,388 16,431 201,104 64,743 (150,326)

Food

587,315 109,873 527,740

581,922 102,643 534,677

554,159 114,727 456,247

46.5%

44.6%

48.8% 10,970 10.8% 4,079

49.3% 5,393 10.2% 7,230 40.6% (6,937) 100.0% 5,686 76.7% (15,560) 61.0% (8,144) 102.9% 2,525 21.8% (21,939) -68.7% (37,432)

47.9%

47.7%

Beverage

9.4%

8.2%

9.0%

8.4%

Service Charge & Other

44.2% 100.0% 70.8% 32.9% 96.4% 28.0% -60.5%

47.2% 100.0% 71.7% 55.5% 98.6% 25.0% -60.1%

40.4%

(498)

43.1% 100.0% 71.3% 58.3% 101.6% 20.9% -61.9%

43.9% 100.0% 69.3% 54.4% 102.3% 19.2% -59.1%

Total Revenue

1,224,928 418,843 1,244,554 255,476 64,033

1,219,242 403,283 1,247,079 233,537 55,889

1,125,133 424,968 1,157,886 244,723 69,961

100.0% 14,551 83.9% (6,821) 68.2% 2,861 90.0% (9,238) 29.0% (10,920) -67.3% (9,567)

Cost of Goods Food Cost of Goods Beverage

Wages & Benefits

Expenses

Net Income/(Loss)

(757,978)

(720,546)

(772,405)

Beach Club F&B Revenue

18,712 3,852 22,564 17,047 23,518 10,477 - 796

31,779 6,394 38,173 25,196 2,685 24,096 15,000 -

- - - - - -

Food

147,293 32,236

192,706 46,610

75,234 16,763

82.9% 17.1%

83.2% 16.8%

0.0% (13,067) 0.0% (2,542)

82.0% 18.0%

80.5% 19.5%

81.8% (45,413) 18.2% (14,374)

Beverage

Other

-

-

-

0.0%

0.0%

0.0%

-

0.0%

0.0%

0.0%

-

Total Revenue

179,529 96,878 12,239 137,920 45,330 (112,838)

239,316 138,505 19,452 140,960 44,700 (104,301)

91,997 56,647 5,333 110,403 34,978

100.0% 65.8% 38.0% 76.8% 25.2% -62.9%

100.0% 71.9% 41.7% 58.9% 18.7% -43.6%

100.0% (59,787) 75.3% 41,627 31.8% 7,213 120.0% 3,040

100.0% 79.3% 42.0% 63.1% 39.3% -75.5%

0.0% (15,609) 0.0% 8,149 0.0% 1,889

100.0% 91.1% 20.7% 104.2% 46.4%

Cost of Goods Food Cost of Goods Beverage

Wages & Benefits

7,079 7,177

0.0%

578

Expenses

0.0% 4,523

38.0%

(630)

(115,364) -125.4% (8,537)

Net Income/(Loss)

(14,256)

(29,273) -129.7%

(28,804)

0.0%

(469)

(175,289)

(165,253)

(164,582)

Total F&B Operation

(870,815)

(824,847)

(887,769)

-66.4%

-62.3%

-73.7% (10,036)

-62.0%

-56.6%

-72.9% (45,968)

Overhead Departments Beach Club Facility

38,625 19,690 93,723 52,146 86,775 130,298 51,589 472,847 12,828 33,301 22,617 5,901 10,336 84,984

342,092 110,177 496,090 257,144 541,633 635,413 244,578 81,958 231,160 126,710 27,090 46,343 513,260 2,627,127

340,134 102,670 461,664 259,400 432,934 601,677 270,324 72,823 207,960 113,507 32,750 40,164 467,204 2,468,803

275,230 109,871 490,077 268,197 433,501 603,030 258,005 54,292 201,902 110,199 24,854 41,769 433,017 2,437,911

71,851 22,594 110,974 48,951 140,956 129,668 43,113 568,107 16,230 42,256 21,747 4,551 10,045 94,830

67,965 18,368 91,435 49,000 82,893 121,587 49,711 480,959 10,398 34,299 23,296 5,250 7,755 80,998

2.2% (3,886) 1.1% (4,226) 5.3% (19,539) 4.9% (58,063) 7.4% (8,081) 2.9% 6,598 26.9% (87,148) 3.0% 49

3.8% 1.2% 5.5% 2.9% 6.0% 7.1% 2.7%

3.8% 1.1% 5.1% 2.9% 4.8% 6.7% 3.0%

3.0% (1,958) 1.2% (7,507) 5.4% (34,426) 3.0% 2,256 4.8% (108,699) 6.7% (33,736) 2.9% 25,746 27.0% (158,324) 0.6% (9,135) 2.2% (23,200) 1.2% (13,203) 0.3% 5,660 0.5% (6,179) 4.8% (46,056)

4.1% 1.3% 6.3% 2.8% 8.0% 7.4% 2.4%

3.9% 1.0% 5.2% 2.8% 4.7% 6.9% 2.8%

Valet

Engineering

Utilities

Housekeeping Administration Accounting

Total Overhead Expenses

32.3%

27.3%

29.2%

27.3%

Member Services Wages & Benefits

0.9% 2.4% 1.2% 0.3% 0.6% 5.4%

0.6% 1.9% 1.3% 0.3% 0.4% 4.6%

0.7% (5,832) 1.9% (7,957) 1.3% 1,549

0.9% 2.6% 1.4% 0.3% 0.5% 5.7%

0.8% 2.3% 1.3% 0.4% 0.4% 5.2%

Gratis Items

Continental Breakfast Music/Entertainment/Décor

0.3%

699

Other

0.6% (2,290) 4.8% (13,832)

Total Member Services

51,505

158,687

182,740

Club Net Income/(Loss)

606,586

891,054

777,200

2.9%

9.0%

10.4% (107,182)

6.7%

9.9%

8.6% (284,468)

26/100