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

%

%

%

%

%

%

Condensed Summary Total Club Revenue

1,760,601

1,759,320

1,660,301

1,281

9,000,244

9,028,714

8,579,327

(28,470)

1,354,879

1,349,704

1,321,178

5,175

FCC

6,768,929

6,747,518

6,604,004

21,411

(46,193) (4,251) (27,410) (31,532) (300,554) (409,940) 0

(29,095) (7,211) (33,130) (31,097) (306,167) (406,700) 0

(40,178) (11,902) (24,235) (29,169) (256,940) (362,424) 0

(17,098)

Golf Operations

(188,009) (45,916) (131,613) (176,629) (1,332,171) (1,882,221) (7,883)

(151,474) (28,120) (133,342) (168,818) (1,338,231) (1,824,329) (4,344)

(189,912) (69,041) (131,408) (158,310) (1,263,618) (1,818,410) (6,121)

(36,535) (17,796) 1,729 (3,539) (7,811) 6,060 (57,892)

2,960 5,720

Golf Shop

Cart & Range

0

Caddie

(435)

Locker Rooms Golf Course Maint. Total Golf Operation

5,613 (3,240)

(19,571)

(26,123)

(22,080)

6,552

Tennis

(125,166)

(135,128)

(120,857)

9,962

(35,637)

(30,984)

(31,522)

(4,653)

Fitness

(143,754)

(136,153)

(128,840)

(7,601)

(146,016) (29,273) (175,289) (71,851) (22,594) (110,974) (48,951) (140,956) (129,668) (43,113) (94,830) (662,937)

(136,449) (28,804) (165,253) (67,965) (18,368) (91,435) (49,000) (82,893) (121,587) (49,711) (80,998) (561,957)

(150,326) (14,256) (164,582) (38,625) (19,690) (93,723) (52,146) (86,775) (130,298) (51,589) (84,984) (557,830)

(9,567)

Main Club F&B Beach Club F&B

(757,978) (112,838) (870,815) (342,092) (110,177) (496,090) (257,144) (541,633) (635,413) (244,578) (513,260) (3,140,386)

(720,546) (104,301) (824,847) (340,134) (102,670) (461,664) (259,400) (432,934) (601,677) (270,324) (467,204) (2,936,007)

(772,405) (115,364) (887,769) (275,230) (109,871) (490,077) (268,197) (433,501) (603,030) (258,005) (433,017) (2,870,928)

(37,432) (8,537) (45,968) (1,958) (7,507) (34,426) (108,699) (33,736) 25,746 (46,056) (204,379) 2,256

(469)

(10,036)

Total F&B Operation

(3,886) (4,226) (19,539) (58,063) (8,081) (13,832) (100,980) 49 6,598

Beach Club Facility

Valet

Engineering

Utilities

Housekeeping Administration Accounting Member Services

Total Overhead Expenses

(1,303,374)

(1,191,017)

(1,138,438)

(112,357)

Total Club Expenses

(6,162,343)

(5,856,464)

(5,826,804)

(305,879)

51,505

158,687

182,740

(107,182)

Club Net Income/(Loss)

606,586

891,054

777,200

(284,468)

Property Owners Association

1,004,605 (1,018,985)

1,003,297 (1,020,284)

954,980 (944,792) (22,307) (12,118)

1,308 1,299 (1,696)

Total POA Revenue

5,041,697 (5,062,400) (157,917) (178,621)

5,016,485 (5,223,030) (172,916) (379,461)

4,780,537 (4,818,021) (143,262) (180,746)

25,212 160,630 14,999 200,840

Overhead

(30,399) (44,779)

(28,703) (45,690)

Realty

911

POA Income/(Loss)

6,725

112,997

170,622

(106,272)

Total Community Profit/(Loss)

427,965

511,593

596,454

(83,628)

28/100