draft 2018 budgetsnibd.org/2018draftbudget.pdf · 2018-03-05 · budget narrative 2018 la local...

DRAFT 2018 Budget Stonebridge Neighborhood

Improvement and

Beautification District

Posted March 5, 2018

Stonebridge Neighborhood Improvement and Beautification District

Budget Narrative 2018

LA Local Governmental Budget Act

The Stonebridge Neighborhood Improvement and Beautification District Budget Act is shown as

follows:

Whitney Bank Loan - $6,700,000. This amount represents the funding agreement by the Whitney Bank

as Lender to Stonebridge Neighborhood Improvement and Beautification District.

Golf Shop Income – $685,223. This budgeted amount includes green fees, cart fees and merchandise

sales and is based on a five (5) percent increase in rounds over the prior year. This increase is consistent

with the five (5) percent increase over 2017 vs. 2016. The increase in paying rounds was derived at

discussions held with current personnel, outside local golf entities as well as anticipated improving

overall golf course conditions.

Food and Beverage Income – $268,002. This budgeted amount is based current operations. This

includes limited Snack Bar and Beverage Carts income generated through golf rounds as well as Room

Rental Income and Beverage Sales derived from Special Functions. Full service food and beverage

operations are anticipated to be available in early 2019.

Membership Dues - $255,150. This budgeted amount includes Property Owner Dues of $150 per month

and Non-Property Owner Dues of $225 per month. It is anticipated that Property Owner membership

will increase from 12 to 44 by year end and Non-Property Owner membership will increase from 100 to

121 by 12/31/2018.

Purchase Price - $1,674,000. Agreed upon sales price between Duininck Bros. Links, LLC and Stonebridge

Neighborhood Improvement and Beautification District.

Golf Shop Operating Expenses - $192,276. This budgeted amount includes current staffing levels and

consistent level of service that has been provided in the past.

Golf Shop Cost of Goods Sold – $55,923. This budgeted amount is based at 68% of Merchandise Sales

which is consistent with Country Club standards.

Food and Beverage Operating Expenses – $182,063. This budgeted amount is based current operations.

This includes limited Snack Bar and Beverage Carts income generated through golf rounds as well as

Room Rental Income and Beverage Sales derived from Special Functions. In the 4th Quarter, a Chef,

Restaurant Manager and Sales Manager will be added in anticipation of full Food and Beverage services

being added in early 2019.

Food and Beverage Cost of Goods Sold - $31,252. This budgeted amount is based on all Special

Functions which will be catered throughout the year. Food Cost of Goods Sold is budgeted at 35% and

Beverage Cost of Goods Sold is budgeted at 25%. Both are consistent with Country Club standards.

Golf Course Maintenance Expenses – $431,682. This budgeted amount includes a Superintendent,

Assistant Superintendent and a Mechanic at current salary levels. Also, includes eight (8) staff members

to maintain the course at current conditions with an additional two (2) staff members added in May to

adequately maintain 27 holes of golf. Also includes all operating expenses related to this department.

General and Administrative Expenses – $450,373. This budgeted amount includes current operating

expenditure levels with the following changes. Effective April 1st, an outside Golf Management Company

is projected to be hired to manage the entire Country Club operations. This includes all operational,

financial and personnel management. This Company will report directly to the Board or Appointee. Also,

a Club Manager and Controller will be hired on May 1st to assure that the proper management, controls

and policies will be adhered to per all mandatory requirements.

Capital Expenditures – Golf Course - $150,000. This budgeted amount includes general improvements

to the Golf Course and Club grounds. An additional amount of $150,000 is projected to be spent in 2019

to total $300,000.

Capital Expenditures – Clubhouse - $500,000. This budgeted amount includes improvements to the

Clubhouse to facilitate increased Food and Beverage operations including Property Owner and Special

Function events. An additional amount of $1,550,000 is projected to be spent in future years to total

$2,050,000.

Capital Expenditures – Swimming Pool - $300,000. This budgeted amount includes the refurbishment of

the Swimming Pool and surrounding areas. An additional amount of $150,000 is projected to be spent in

2019 to total $450,000.

Capital Expenditures – Tennis Courts/ Fitness - $80,000. This budgeted amount includes the

refurbishment of the Tennis Courts and Fitness Areas. An additional amount of $40,000 is projected to

be spent in 2019 to total $120,000.

Initial Start Up Costs - $275,000 – This budgeted amount includes the following:

• Clubhouse Appraisal - $5,000

• NOLA – ADDA Fees Fee for Official Posting - $39,398

• Sec. of State – Election Fees - $602

• Jefferson Parish Fees - $5,000

• Professional Services - $225,000



Consolidated Income Statement GAAP

The GAAP Income Statement is shown as follows:

Golf Shop Income – Includes Green Fees, Cart Fees, Merchandise Sales and Club Rental (See detail

Budget Worksheet for support)

Food and Beverage Income – Includes Snack Bar, Beverage Carts, Room Rental and a 20% Service

Charge (See detail Budget Worksheet for support)

Tennis – It is projected that the Tennis Facilities will open in 2019 and are not included in 2018 operating

budget

Pool - It is projected that the Pool Facilities will open in 2019 and are not included in 2018 operating

budget

Membership Dues - Includes Property Owner and Non-Property Owner projected membership levels

and related dues income (See detail Budget Worksheet for support)

Cost of Goods Sold – Golf Shop – Projected at 68% of Merchandise Sales

Cost of Goods Sold – Food and Beverage – Projected at 35% for food sales and 25% for Beverage Sales

Expenses – Golf Shop – Includes Director of Golf and seven (7) staff. The staffing levels reflect current

levels of service. Also, includes all operating expenses for the Pro Shop, Cart Barn, Staging and Driving

Range.

Also includes all operating expenses for this department.

Expenses – Food and Beverage – Effective October 1st, includes a Food and Beverage Director,

Restaurant Manager, Chef and three (3) front of the house staff. This is in preparation of a 2019 opening

of full service food and beverage operation.

It is anticipated that Breakfast, Lunch and Dinner will be available in 2019.

It is anticipated all Special Functions will be catered throughout the year and the full-service catering

operation will be available in early 2019.


Expenses – Golf Course Maintenance – Includes Superintendent, Assistant Superintendent and a

Mechanic at current salary levels. Also includes eight (8) staff to maintain the course at current levels

with an additional two (2) staff members to adequately maintain 27 holes of golf.


Expenses - General and Administrative – Effective May 1st, will include a General Manager and

Controller. Also, effective April 1st, includes a management fee to full service Country Club management

firm.


Other Expenses – Depreciation Expense – The allocation of the purchase price and the estimated life of

the assets will be determined after close of sale. This is a non-cash expense.

Initial Start Up Costs – Pre-opening costs for legal and professional services incurred prior to the

sale/purchase date anticipated to occur on April 1st.



Consolidated Income Statement CASH

The CASH Income Statement is shown as follows:

Golf Shop Income – Includes Green Fees, Cart Fees, Merchandise Sales and Club Rental (See detail

Budget Worksheet for support)

Food and Beverage Income – Includes Snack Bar, Beverage Carts, Room Rental and a 20% Service

Charge (See detail Budget Worksheet for support)

Tennis – It is projected that the Tennis Facilities will open in 2019 and are not included in 2018 operating

budget

Pool - It is projected that the Pool Facilities will open in 2019 and are not included in 2018 operating

budget

Membership Dues - Includes Property Owner and Non-Property Owner projected membership levels

and related dues income (See detail Budget Worksheet for support)

Cost of Goods Sold – Golf Shop – Projected at 68% of Merchandise Sales (It is anticipated inventory

levels will remain constant)

Cost of Goods Sold – Food and Beverage – Projected at 35% for food sales and 25% for Beverage Sales

(It is anticipated inventory levels will remain constant)

Expenses – Golf Shop – Includes Director of Golf and seven (7) staff. The staffing levels reflect current

levels of service. Also, includes all operating expenses for the Pro Shop, Cart Barn, Staging and Driving

Range.


Expenses – Food and Beverage – Effective October 1st, includes a Food and Beverage Director,

Restaurant Manager, Chef and three (3) front of the house staff. This is in preparation of a 2019 opening

of full service food and beverage operation.

It is anticipated that limited Breakfast, Lunch and Dinner will be available in 2019.

It is anticipated all Special Functions will be catered throughout the year and the full-service catering

operation will be available in early 2019.


Expenses – Golf Course Maintenance – Includes Superintendent, Assistant Superintendent and a

Mechanic at current salary levels. Also includes eight (8) staff to maintain the course at current levels

with an additional two (2) staff members to adequately maintain 27 holes of golf.


Expenses - General and Administrative – Effective May 1st, will include a General Manager and

Controller. Also, effective April 1st, includes a management fee to full service Country Club management

firm.


Other Expenses – Capital Expenditures – The cash expenditures needed to upgrade and improve the

assets in 2018 are as follows:

Golf Course - $150,000, Clubhouse - $500,000, Swimming Pool - $300,000 and Tennis Facility and Fitness

Center - $80,000

Initial Start Up Costs – Pre-opening costs for escrow, legal and professional services incurred prior to

the sale/purchase date anticipated to occur on April 1st.

(A) (B) (C) (D) (E) (F) (G) (H)

Original Last Adopted Actual Estimated Projected % Change Proposed % Change

Budget Budget Year-to-Date as

of: (Insert Date)

Remaining for

Year

Actual Result at

Year End

Last Adopted Budget

vs. Projected Actual

Result at Year End

Budget Projected Actual Result at

Year End vs. Proposed

Budget [C + D] [E / B - 1] [G / E - 1]

Local sources:

Whitney Bank Loan 6,700,000.00$ -$ -$ -$ 6,700,000.00$ #DIV/0! -$ -100.0%Golf Shop Income 685,223.00 - - - 685,223.00$ #DIV/0! - -100.0%

Food and Beverage Income 268,002.00 - - - 268,002.00$ #DIV/0! - -100.0%

Dues Income 255,150.00 - - - 255,150.00$ #DIV/0! - -100.0% (Insert Revenue Source) - - - - -$ #DIV/0! - #DIV/0! Total Revenues from Local Sources 7,908,375.00 - - - 7,908,375.00$ #DIV/0! - -100.0%

State sources:

(Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! (Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! (Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! Total Revenues from State Sources - - - - - #DIV/0! - #DIV/0!

Federal sources:

(Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! (Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! (Insert Revenue Source) - - - - - #DIV/0! - #DIV/0! Total Revenues from Federal Sources - - - - - #DIV/0! - #DIV/0!

Total Revenues by Sources 7,908,375.00 - - - 7,908,375.00 #DIV/0! - -100.0%

Upcoming Year

Stonebridge Neighborhood Improvement and Beautifcation District (SNIBD)

2018

Current Year

SUMMARY OF REVENUES - BY SOURCES

Page 1 of 3

This document was prepared for distribution by the Louisiana Legislative Auditor.

(A) (B) (C) (D) (E) (F) (G) (H)


Upcoming Year


2018

Current Year

Agency

Stonebridge Neighborhood Improvement and Beautification District (SNIBD) 4,322,569.00 - - - - #DIV/0! - #DIV/0!

Total Expenditures by Agency 4,322,569.00 - - - 4,322,569.00 #DIV/0! - -100.0%

Department

Administration - - - - - #DIV/0! - #DIV/0! (Insert Department Name) - - - - - #DIV/0! - #DIV/0!

(Insert Department Name) - - - - - #DIV/0! - #DIV/0!

Total Expenditures by Departments - - - - - #DIV/0! - #DIV/0!

Function

General Government - - - - - #DIV/0! - #DIV/0! Public Safety - - - - - #DIV/0! - #DIV/0! (Insert Function Name) - - - - - #DIV/0! - #DIV/0!

Total Expenditures by Functions - - - - - #DIV/0! - #DIV/0!

Character

Purchase Price 1,674,000.00 Golf Shop Operating Expenses 192,276.00 - - - 192,276.00 #DIV/0! - -100.0%Golf Shop Cost of Goods Sold 55,923.00 - - - 55,923.00 #DIV/0! 1.00 -100.0%Food and Beverage Operating Expenses 182,063.00 - - - 182,063.00 #DIV/0! 2.00 -100.0%Food and Beverage Cost of Goods Sold 31,252.00 - - - 31,252.00 #DIV/0! 3.00 -100.0%Golf Course Maintenance Expenses 431,682.00 - - - 431,682.00 #DIV/0! 4.00 -100.0%General and Administrative Expenses 450,373.00 - - - 450,373.00 #DIV/0! 5.00 -100.0%Capital Expenditures - Golf Course 150,000.00 - - - 150,000.00 #DIV/0! 6.00 -100.0%Capital Expenditures - Clubhouse 500,000.00 - - - 500,000.00 #DIV/0! 7.00 -100.0%Capital Expenditures - Swimming Pool 300,000.00 - - - 300,000.00 #DIV/0! 8.00 -100.0%Capital Expenditures - Tennis Courts / Fitness 80,000.00 - - - 80,000.00 #DIV/0! 9.00 -100.0%Initial Start Up Costs 275,000.00 - - - - #DIV/0! - #DIV/0!

Total Expenditures by Characters 4,322,569.00 - - - 4,322,569.00 #DIV/0! 45.00 -100.0%

SUMMARY OF EXPENDITURES - BY DEPARTMENTS

SUMMARY OF EXPENDITURES - BY AGENCY

SUMMARY OF EXPENDITURES - BY FUNCTIONS

SUMMARY OF EXPENDITURES - BY CHARACTERS

Page 2 of 3


(A) (B) (C) (D) (E) (F) (G) (H)


Upcoming Year


2018

Current Year

Other Financing Sources

Transfers In - ____ Fund - - - - - #DIV/0! - #DIV/0! (Insert Other Financing Source) - - - - - #DIV/0! - #DIV/0!

(Insert Other Financing Source) - - - - - #DIV/0! - #DIV/0!

Total Other Financing Sources by Sources - - - - - #DIV/0! - #DIV/0!

Other Financing Uses

Transfers Out - ____ Fund - - - - - #DIV/0! - #DIV/0!

(Insert Other Financing Use) - - - - - #DIV/0! - #DIV/0! (Insert Other Financing Use) - - - - - #DIV/0! - #DIV/0!

Total Other Financing Uses by Uses - - - - - #DIV/0! - #DIV/0!

Net change in fund balance 3,585,806.00 - - - 3,585,806.00 #DIV/0! - -100.0%Estimated Beginning Fund Balance - - - - - #DIV/0! - #DIV/0!

Estimated Ending Fund Balance 3,585,806.00$ -$ -$ -$ 3,585,806.00$ #DIV/0! -$ -100.0%

SUMMARY OF FUND BALANCE

SUMMARY OF OTHER FINANCING SOURCES - BY SOURCES

SUMMARY OF OTHER FINANCING USES - BY USES

Page 3 of 3



Consolidated Income Statement - GAAP

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total

Income:

Golf Shop - - - 102,435 95,356 69,436 83,661 54,375 84,648 75,131 79,135 41,045 685,223

Food & Beverage - - - 26,810 25,956 34,433 22,113 21,026 34,278 45,652 23,774 33,960 268,002

Tennis - - - - - - - - - - - - -

Pool - - - - - - - - - - - - -

Membership Dues - - - 24,300 25,725 27,225 27,750 28,275 28,800 29,700 30,975 32,400 255,150

Other Income - - - - - - - - - - - - -

Total Income - - - 153,545 147,037 131,094 133,524 103,676 147,726 150,483 133,884 107,405 1,208,374

Cost of Good Sold: -

Golf Shop - - - 8,731 7,929 5,862 6,786 4,733 7,099 5,916 6,147 2,720 55,923

Food & Beverage - - - 3,539 3,748 3,459 3,588 3,301 3,632 3,467 3,499 3,020 31,252

Total Cost Of Goods Sold - - - 12,270 11,677 9,321 10,375 8,034 10,731 9,383 9,646 5,740 87,175

Gross Margin - - - 141,275 135,360 121,774 123,150 95,642 136,995 141,101 124,238 101,665 1,121,199

Expenses: -

-

Golf Shop - - - 21,890 21,748 21,230 21,515 20,929 21,534 21,344 21,424 20,662 192,276

Food & Beverage - - - 14,268 15,760 15,760 15,760 15,760 15,760 29,665 29,665 29,665 182,063

Tennis - - - - - - - - - - - - -

Pool - - - - - - - - - - - - -

Membership - - - - - - - - - - - - -

Clubhouse Maintenance - - - - - - - - - - - - -

Golf Course Maintenance - - - 45,002 48,335 48,335 48,335 48,335 48,335 48,335 48,335 48,335 431,682

General & Administrative - - - 42,200 53,459 51,959 50,459 50,459 50,459 50,459 50,459 50,459 450,373

Other Expenses -

Total Expenses - - - 123,360 139,303 137,284 136,069 135,483 136,089 149,803 149,883 149,121 1,256,395

Net Operating Income (Loss) - - - 17,915 (3,942) (15,510) (12,919) (39,841) 906 (8,702) (25,645) (47,456) (135,196)

Initiation Fees - - - - - - - - - - - - -

Non Operating Expenses

Depreciation Expense - - - 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 72,000

Major Repairs - - - - - - - - - - - - -

Prior Year Adjustments - - - - - - - - - - - - -

Initial Start Up Costs - - - - - - - - - - - - -

Total Non Operating Expenses - - - (8,000) (8,000) (8,000) (8,000) (8,000) (8,000) (8,000) (8,000) (8,000) (72,000)

Net Income (Loss) - - - 9,915 (11,942) (23,510) (20,919) (47,841) (7,094) (16,702) (33,645) (55,456) (207,196)


Consolidated Income Statement - CASH


Receipts:

Golf Shop - - - 102,435 95,356 69,436 83,661 54,375 84,648 75,131 79,135 41,045 685,223

Food & Beverage - - - 26,810 25,956 34,433 22,113 21,026 34,278 45,652 23,774 33,960 268,002

Tennis - - - - - - - - - - - - -

Pool - - - - - - - - - - - - -

Membership Dues - - - 24,300 25,725 27,225 27,750 28,275 28,800 29,700 30,975 32,400 255,150

Other Income - - - - - - - - - - - - -

Total Income - - - 153,545 147,037 131,094 133,524 103,676 147,726 150,483 133,884 107,405 1,208,374


Golf Shop - - - 8,731 7,929 5,862 6,786 4,733 7,099 5,916 6,147 2,720 55,923

Food & Beverage - - - 3,539 3,748 3,459 3,588 3,301 3,632 3,467 3,499 3,020 31,252

Total Cost Of Goods Sold - - - 12,270 11,677 9,321 10,375 8,034 10,731 9,383 9,646 5,740 87,175

Gross Margin - - - 141,275 135,360 121,774 123,150 95,642 136,995 141,101 124,238 101,665 1,121,199

Disbursements: -

-

Golf Shop - - - 21,890 21,748 21,230 21,515 20,929 21,534 21,344 21,424 20,662 192,276

Food & Beverage - - - 14,268 15,760 15,760 15,760 15,760 15,760 29,665 29,665 29,665 182,063

Tennis - - - - - - - - - - - - -

Pool - - - - - - - - - - - - -

Membership - - - - - - - - - - - - -

Clubhouse Maintenance - - - - - - - - - - - - -

Golf Course Maintenance - - - 45,002 48,335 48,335 48,335 48,335 48,335 48,335 48,335 48,335 431,682

General & Administrative - - - 42,200 53,459 51,959 50,459 50,459 50,459 50,459 50,459 50,459 450,373

Other Expenses - - - - - - - - - - - - -

Total Expenses - - - 123,360 139,303 137,284 136,069 135,483 136,089 149,803 149,883 149,121 1,256,395

Net Operating Income (Loss) - - - 17,915 (3,942) (15,510) (12,919) (39,841) 906 (8,702) (25,645) (47,456) (135,196)

Initiation Fees - - - - - - - - - - - - -

Non Operating Expenses -

-

Capital Expenditures -

- Purchase Price 1,674,000 1,674,000

- Golf Course - 50,000 50,000 50,000 150,000

- Clubhouse - 50,000 100,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 500,000

- Swimming Pool - 50,000 100,000 50,000 50,000 50,000 300,000

- Tennis Courts / Fitness - 20,000 20,000 20,000 20,000 80,000

Major Repairs -

Prior Year Adjustments -

Hardware and Software Costs - - - - -

Initial Start Up Costs: - - - - - - - - - - - -

Clubhouse Appraisal 5,000 5,000

NOLA - ADDS Fee for Official Posting 39,398 39,398

Sec. of State - Election Fees 602 602

Jefferson Parish Fees 5,000 5,000

Professional Services 225,000 225,000

Escrow Agreement - -

Total Non Operating Expenses - - (275,000) (1,844,000) (270,000) (170,000) (120,000) (100,000) (50,000) (50,000) (50,000) (50,000) (2,979,000)

Net Cash Increase (Decrease) - - (275,000) (1,826,085) (273,942) (185,510) (132,919) (139,841) (49,094) (58,702) (75,645) (97,456) (3,114,196)

Beginning Cash Balance 6,700,000 6,700,000 6,425,000 4,598,915 4,324,972 4,139,462 4,006,543 3,866,701 3,817,608 3,758,905 3,683,261 3,585,804

Monthly Activity - - (275,000) (1,826,085) (273,942) (185,510) (132,919) (139,841) (49,094) (58,702) (75,645) (97,456) -

Ending Cash Balance - 6,700,000 6,425,000 4,598,915 4,324,972 4,139,462 4,006,543 3,866,701 3,817,608 3,758,905 3,683,261 3,585,804 3,585,804


Payroll Analysis - Assumptions


Department Position Annual Rate Hourly Rate

Golf Shop Director of Golf 72,020$ -$ -$ -$ 6,002$ 6,002$ 6,002$ 6,002$ 6,002$ 6,002$ 6,002$ 6,002$ 6,002$ 54,015$

Golf Shop - Staff 10.00$ -$ -$ -$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 15,480$

Golf Shop - Staff 10.00$ -$ -$ -$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 1,720$ 15,480$

Golf Shop - Staff 9.00$ -$ -$ -$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 13,932$

Golf Shop - Staff 7.25$ -$ -$ -$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 11,223$

Golf Shop - Staff 7.25$ -$ -$ -$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 11,223$

Golf Shop - Staff 7.25$ -$ -$ -$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 11,223$

Golf Shop - Staff 7.25$ -$ -$ -$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 11,223$

Golf Shop Staff - Total -$ -$ -$ 9,976$ 9,976$ 9,976$ 9,976$ 9,976$ 9,976$ 9,976$ 9,976$ 9,976$ 89,784$

Food and Beverage Manager 38,000$ -$ -$ -$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 28,500$

Restaurant Manager 55,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 4,583$ 4,583$ 4,583$ 13,750$

Sales Manager 40,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 3,333$ 3,333$ 3,333$ 10,000$

-$ -$ -$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 3,167$ 11,083$ 11,083$ 11,083$ 52,250$

Front of the House - Staff 9.00$ -$ -$ -$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 13,932$

Front of the House - Staff 7.25$ -$ -$ 624$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 10,600$

Front of the House - Staff 7.25$ -$ -$ 624$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 1,247$ 10,600$

Front of the House - Staff 7.25$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Front of the House - Staff 7.25$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Front of the House - Staff -$ -$ -$ 2,795$ 4,042$ 4,042$ 4,042$ 4,042$ 4,042$ 4,042$ 4,042$ 4,042$ 35,131$

Chef/Back of the House Manager 60,000$ -$ -$ -$ -$ -$ -$ -$ -$ -$ 5,000$ 5,000$ 5,000$ 15,000$

Back of the House - Staff 12.00$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$






Back of the House - Staff -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Golf Course Maintenance Superintendent 54,600$ -$ -$ -$ 4,550$ 4,550$ 4,550$ 4,550$ 4,550$ 4,550$ 4,550$ 4,550$ 4,550$ 40,950$

Asst. Superintendent 36,400$ -$ -$ -$ 3,033$ 3,033$ 3,033$ 3,033$ 3,033$ 3,033$ 3,033$ 3,033$ 3,033$ 27,300$

Mechanic 39,520$ -$ -$ -$ 3,293$ 3,293$ 3,293$ 3,293$ 3,293$ 3,293$ 3,293$ 3,293$ 3,293$ 29,640$

Payroll Management -$ -$ -$ 10,877$ 10,877$ 10,877$ 10,877$ 10,877$ 10,877$ 10,877$ 10,877$ 10,877$ 97,890$

Golf Course Staff 11.00$ -$ -$ -$ 1,892$ 1,892$ 1,892$ 1,892$ 1,892$ 1,892$ 1,892$ 1,892$ 1,892$ 17,028$








Golf Course Staff (new hire) 9.00$ -$ -$ -$ -$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 12,384$

Golf Course Staff (new hire) 9.00$ -$ -$ -$ -$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 1,548$ 12,384$

Payroll Staff -$ -$ -$ 14,620$ 17,716$ 17,716$ 17,716$ 17,716$ 17,716$ 17,716$ 17,716$ 17,716$ 156,348$

General & Administrative General Manager 85,000$ -$ -$ -$ -$ 7,083$ 7,083$ 7,083$ 7,083$ 7,083$ 7,083$ 7,083$ 7,083$ 56,667$

Controller 55,000$ -$ -$ -$ -$ 4,583$ 4,583$ 4,583$ 4,583$ 4,583$ 4,583$ 4,583$ 4,583$ 36,667$

Other -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

-$ -$ -$ -$ 11,667$ 11,667$ 11,667$ 11,667$ 11,667$ 11,667$ 11,667$ 11,667$ 93,333$


Golf Shop


Income:

Green Fees - with Member - - - - - - - - - - - - -

Green Fees - Paying - - - 54,638 52,250 38,480 48,430 31,270 48,450 45,900 48,450 27,755 395,623

Green Fees - Club Corp/Big Easy - - - - - - - - - - - - -

Green Fees - La. Resident - - - - - - - - - - - - -

Green Fees- Non Resident - - - - - - - - - - - - -

Green Fees - Outings - - - - - - - - - - - - -

Cart Fees - - - 32,550 29,260 20,720 23,380 14,840 23,800 18,900 19,950 8,540 191,940

Merchandise Sales - - - 12,840 11,660 8,620 9,980 6,960 10,440 8,700 9,040 4,000 82,240

Bag Storage - - - - - - - - - - - - -

Handicap Fees - - - - - - - - - - - - -

Club Rental - - - 2,408 2,186 1,616 1,871 1,305 1,958 1,631 1,695 750 15,420

Other Income - - - - - - - - - - - - -

Total Income - - - 102,435 95,356 69,436 83,661 54,375 84,648 75,131 79,135 41,045 685,223


Golf Shop @ 68% - - - 8,731 7,929 5,862 6,786 4,733 7,099 5,916 6,147 2,720 55,923

Gross Margin - - - 4,109 3,731 2,758 3,194 2,227 3,341 2,784 2,893 1,280 26,317

Payroll -

Payroll - Management - - - 6,002 6,002 6,002 6,002 6,002 6,002 6,002 6,002 6,002 54,015

Payroll - Staff - - - 9,976 9,976 9,976 9,976 9,976 9,976 9,976 9,976 9,976 89,784

Payroll - Overtime - - - - - - - - - - - - -

Payroll - Bonus - - - - - - - - - - - - -

Payroll Taxes - - - 1,222 1,222 1,222 1,222 1,222 1,222 1,222 1,222 1,222 11,001

Insurance - Group - - - 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 1,600 14,400

Insurance - Worker's Comp - - - - - - - - - - - - -

Employee Meals - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -

Total Payroll Expenses - - - 12,798 12,798 12,798 12,798 12,798 12,798 12,798 12,798 12,798 115,185

Departmental Expenses

Uniforms 0 0 0 240 240 240 240 240 240 240 240 240 2,160

Cart Lease Expense 0 0 0 4853 4853 4853 4853 4853 4853 4853 4853 4853 43,677

Cart Repairs 0 0 0 750 750 750 750 750 750 750 750 750 6,750

Credit Card Charges 0 0 0 2049 1907 1389 1673 1088 1693 1503 1583 821 13,704

Postage 0 0 0 25 25 25 25 25 25 25 25 25 225

Printing 0 0 0 25 25 25 25 25 25 25 25 25 225

Range Expense 0 0 0 300 300 300 300 300 300 300 300 300 2,700

Miscellaneous 0 0 0 100 100 100 100 100 100 100 100 100 900

Office Supplies 0 0 0 200 200 200 200 200 200 200 200 200 1,800

Utilities 0 0 0 300 300 300 300 300 300 300 300 300 2,700

Gas and Auto 0 0 0 100 100 100 100 100 100 100 100 100 900

Bag Room Suplies 0 0 0 0 0 0 0 0 0 0 0 0 -

Shop Supplies 0 0 0 100 100 100 100 100 100 100 100 100 900

Equipment Rental 0 0 0 50 50 50 50 50 50 50 50 50 450

Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 -

Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 -

Total Departmental Expenses - - - 9,092 8,950 8,432 8,716 8,131 8,736 8,546 8,626 7,864 77,091

Net Operating Income (Loss) - - - 84,654 77,339 50,965 65,340 35,673 66,454 56,571 60,604 21,663 519,263


Golf Shop Assumptions


Green Fees - Member

Rounds - - - 575 575 475 600 500 650 575 525 250 4,725

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Member -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - with Member

Rounds 0 0 0 0 0 0 0 0 0 0 0 0 0

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - with Member -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Paying

Rounds - - - 2,325 2,090 1,480 1,670 1,060 1,700 1,350 1,425 610 13,710

Price per Round -$ -$ -$ 23.50$ 25.00$ 26.00$ 29.00$ 29.50$ 28.50$ 34.00$ 34.00$ 45.50$ 28.86$

Green Fees - without Member -$ -$ -$ 54,638$ 52,250$ 38,480$ 48,430$ 31,270$ 48,450$ 45,900$ 48,450$ 27,755$ 395,623$

Green Fees - Club Corp/Big Easy

Rounds 0 0 0 0 0 0 0 0 0 0 0 0 0

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Club Corp/Big Easy -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - La. Resident

Rounds 0 0 0 0 0 0 0 0 0 0 0 0 0

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - La. Resident -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees- Non Resident

Rounds 0 0 0 0 0 0 0 0 0 0 0 0 0

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees- Non Resident -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Outings

Rounds 0 0 0 0 0 0 0 0 0 0 0 0 0

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Outings -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Other (Comp)

Rounds - - - 310 250 200 225 180 260 250 310 140 2,125

Price per Round -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Other -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$

Green Fees - Total

Rounds - Paying - - - 2,325 2,090 1,480 1,670 1,060 1,700 1,350 1,425 610 13,710

Average Price per Round -$ -$ -$ 23.50$ 25.00$ 26.00$ 29.00$ 29.50$ 28.50$ 34.00$ 34.00$ 45.50$ 28.86$

Green Fees - Total -$ -$ -$ 54,638$ 52,250$ 38,480$ 48,430$ 31,270$ 48,450$ 45,900$ 48,450$ 27,755$ 395,623$

Cart Fees

Rounds - Paying - - - 2,325 2,090 1,480 1,670 1,060 1,700 1,350 1,425 610 13,710

Cart Usage % 100% 100% 100% 100% 100% 100% 100% 100% 100% 100%

Rounds with Carts - - - 2,325 2,090 1,480 1,670 1,060 1,700 1,350 1,425 610 13,710

Price per Round -$ -$ -$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$ 14.00$

Cart Fees - Total -$ -$ -$ 32,550$ 29,260$ 20,720$ 23,380$ 14,840$ 23,800$ 18,900$ 19,950$ 8,540$ 191,940$


Food and Beverage


Food Income:

Breakfast - - - - - - - - - - - - -

Lunch - - - - - - - - - - - - -

Dinner - - - - - - - - - - - - -

Snack Bar - - - 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 21,600

Bev Carts - - - 2,568 2,332 1,724 1,996 1,392 2,088 1,740 1,808 800 16,448

Special Functions - - - - - - - - - - - - -

Room Rental - - - 9,274 8,500 15,220 5,000 5,000 15,000 25,000 7,000 15,000 104,994

Service Charge - - - 994 946 825 879 758 898 828 842 640 7,610

Other Income - - - - - - - - - - - - -

Total Food Income - - - 15,236 14,178 20,169 10,275 9,550 20,386 29,968 12,050 18,840 150,652


Food - - - 1,739 1,656 1,443 1,539 1,327 1,571 1,449 1,473 1,120 13,317

Gross Margin - Food - - - 13,497 12,522 18,725 8,737 8,223 18,815 28,519 10,577 17,720 137,335

Beverage Income:

Breakfast - - - - - - - - - - - - -

Lunch - - - - - - - - - - - - -

Dinner - - - - - - - - - - - - -

Snack Bar - - - 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 7,200 64,800

Bev Carts - - - - 1,166 862 998 696 1,044 870 904 400 6,940

Special Functions - - - 2,934 1,738 4,590 2,000 2,000 4,000 6,000 2,000 6,000 31,262

Service Charge - - - 1,440 1,673 1,612 1,640 1,579 1,649 1,614 1,621 1,520 14,348

Other Income - - - - - - - - - - - - -

Total Beverage Income - - - 11,574 11,777 14,264 11,838 11,475 13,893 15,684 11,725 15,120 117,350


Beverage - - - 1,800 2,092 2,016 2,050 1,974 2,061 2,018 2,026 1,900 17,935

Gross Margin - Beverage - - - 9,774 9,686 12,249 9,788 9,501 11,832 13,667 9,699 13,220 99,415

Gross Margin - Food and Beverage - - - 23,271 22,208 30,974 18,525 17,724 30,647 42,186 20,276 30,940 236,750

Payroll -


Payroll - Front of the House - - - 2,795 4,042 4,042 4,042 4,042 4,042 4,042 4,042 4,042 35,131

Payroll - Back of the House - - - - - - - - - - - - -

Payroll - Overtime - - -

Payroll - Bonus - - -

Temporary Services - BOH - - -

Temporary Services - FOH - - -

Payroll Taxes - - - 456 551 551 551 551 551 1,540 1,540 1,540 7,832

Insurance - Group - - - 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 21,600


Employee Meals - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -



Uniforms 0 0 0 450 600 600 600 600 600 600 600 600 5,250

China 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Decorations 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Equipment Rental 0 0 0 550 550 550 550 550 550 550 550 550 4,950

Glassware 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Printing 0 0 0 500 500 500 500 500 500 500 500 500 4,500

Kitchen Fuel 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Laundry and Linen 0 0 0 1500 1500 1500 1500 1500 1500 1500 1500 1500 13,500

Miscellaneous 0 0 0 200 200 200 200 200 200 200 200 200 1,800

Silverware 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Dues and Subscriptions 0 0 0 100 100 100 100 100 100 100 100 100 900

Supplies 0 0 0 200 200 200 200 200 200 200 200 200 1,800

Cleaning Supplies 0 0 0 200 200 200 200 200 200 200 200 200 1,800

Smallwares 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Paper Supplies 0 0 0 250 250 250 250 250 250 250 250 250 2,250

Waste Removal 0 0 0 0 0 0 0 0 0 0 0 0 -

Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 -

Other Expenses 0 0 0 0 0 0 0 0 0 0 0 0 -


Net Operating Income (Loss) - - - 9,003 6,448 15,214 2,765 1,964 14,886 12,521 (9,389) 1,275 54,687


Food and Beverage Assumptions


Food Income:

Breakfast - Covers - - - - - - - - - - - - -

Breakfast - Ave. Price per Cover -$ -$ -$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.50$ 4.05$

Breakfast - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Lunch - Covers 0 0 0 0 0 0 0 0 0 0 0 0 -

Lunch - Ave. Price per Cover -$ -$ -$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$ 10.00$

Lunch - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Dinner - Covers - - - - - - - - - - - - -

Dinner - Ave. Price per Cover -$ -$ -$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$ 15.00$

Dinner - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Snack Bar - Covers 0 0 0 600 600 600 600 600 600 600 600 600 5,400

Snack Bar - Ave. Price per Cover -$ -$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$

Snack Bar - Income -$ -$ -$ 2,400$ 2,400$ 2,400$ 2,400$ 2,400$ 2,400$ 2,400$ 2,400$ 2,400$ 21,600

Beverage Carts - Rounds - - - 642 583 431 499 348 522 435 452 200 4,112

Beverage Carts - Ave. Price per Round -$ -$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$ 4.00$

Beverage Carts - Income -$ -$ -$ 2,568$ 2,332$ 1,724$ 1,996$ 1,392$ 2,088$ 1,740$ 1,808$ 800$ 16,448

Special Functions - Covers 0 0 0 -

Special Functions - Ave. Price per Cover -$ -$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$ 50.00$

Special Function - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Room Rental

Service Charge - 994 946 825 879 758 898 828 842 640 7,610

Other Income


Beverage Income:

Breakfast - Covers - - - - - - - - - - - - -

Breakfast - Ave. Price per Cover -$ -$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$ 1.50$

Breakfast - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Lunch - Covers 0 0 0 0 0 0 0 0 0 0 0 0 -

Lunch - Ave. Price per Cover -$ -$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$ 3.50$

Lunch - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Dinner - Covers - - - - - - - - - - - - -

Dinner - Ave. Price per Cover -$ -$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$ 6.00$

Dinner - Income -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -$ -

Snack Bar - Covers 0 0 0 600 600 600 600 600 600 600 600 600 5,400

Snack Bar - Ave. Price per Cover -$ -$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12.00$ 12

Snack Bar - Income -$ -$ -$ 7,200$ 7,200$ 7,200$ 7,200$ 7,200$ 7,200$ 7,200$ 7,200$ 7,200$ 64,800

Beverage Carts - Rounds - - - - 583 431 499 348 522 435 452 200 3,470

Beverage Carts - Ave. Price per Cover -$ -$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$ 2.00$

Beverage Carts - Income -$ -$ -$ -$ 1,166$ 862$ 998$ 696$ 1,044$ 870$ 904$ 400$ 6,940

Special Functions - Covers 0 0 0 400 600 750 1,750

Special Functions - Ave. Price per Cover -$ -$ -

Special Functions - Income -$ -$ -$ 2,934$ 1,738$ 4,590$ 2,000$ 2,000$ 4,000$ 6,000$ 2,000$ 6,000$ 31,262

Room Rental -$ 9,274$ 8,500$ 15,220$ 5,000$ 5,000$ 15,000$ 25,000$ 7,000$ 15,000$ 104,994

Service Charge -$ 1,440$ 1,673$ 1,612$ 1,640$ 1,579$ 1,649$ 1,614$ 1,621$ 1,520$ 14,348

Other Income


Tennis Operations


Payroll -

Payroll - Management - - - - - - - - - - - - -

Payroll - Staff - - - - - - - - - - - - -


Payroll - Bonus - - - - - - - - - - - - -

Payroll Taxes - - - - - - - - - - - - -

Insurance - Group -

Insurance - Worker's Comp -

Employee Meals -

Other Expenses -

Other Expenses -

Total Payroll Expenses - - - - - - - - - - - - -


Uniforms -

Maint/Repairs - Courts -

Maint/Repairs - Equipment -

Subscriptions and Dues -

Miscellaneous -

Other Expense -

Total Departmental Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Tennis Expenses - - - - - - - - - - - - -


Pool Operations


Payroll -

Payroll - Management - - - - - - - - - - - - -

Payroll - Staff - - - - - - - - - - - - -


Payroll - Bonus - - - - - - - - - - - - -

Payroll Taxes - - - - - - - - - - - - -

Insurance - Group -


Employee Meals -

Other Expenses -

Other Expenses -

Total Payroll Expenses - - - - - - - - - - - - -


Uniforms -

Maint/Repairs - Pool -

Maint/Repairs - Equipment -

Chemicals -

Supplies -

Other Expense -

Total Departmental Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0

Total Pool Expenses - - - - - - - - - - - - -


Membership Assumptions


Property Owner Members 12 12 12 12 12 17 21 23 25 27 30 34 39

Additions 0 0 0 0 5 4 2 2 2 3 4 5 5

Resignations 0 0 0 0 0 0 0 0 0 0 0 0 0

Ending Property Owner Members 12 12 12 12 17 21 23 25 27 30 34 39 44

Monthly Dues -$ -$ -$ -$ 150$ 150$ 150$ 150$ 150$ 150$ 150$ 150$ 150$

Total Property Owner Dues 1,800$ 2,550$ 3,150$ 3,450$ 3,750$ 4,050$ 4,500$ 5,100$ 5,850$ 34,200


Non-Property Owner Members 100 100 100 100 100 103 107 108 109 110 112 115 118

Additions 0 0 0 0 3 4 2 2 2 2 3 4 4

Resignations 0 0 0 0 0 0 1 1 1 0 0 1 1

Ending Non-Property Owner Members 100 100 100 100 103 107 108 109 110 112 115 118 121

Monthly Dues -$ -$ -$ -$ 225$ 225$ 225$ 225$ 225$ 225$ 225$ 225$ 225$

Total Property Owner Dues 22,500$ 23,175$ 24,075$ 24,300$ 24,525$ 24,750$ 25,200$ 25,875$ 26,550$ 220,950

Total Dues -$ -$ -$ 24,300$ 25,725$ 27,225$ 27,750$ 28,275$ 28,800$ 29,700$ 30,975$ 32,400$ 255,150$


Golf Course Maintenance


Payroll -


Payroll - Staff - - - 14,620 17,716 17,716 17,716 17,716 17,716 17,716 17,716 17,716 156,348


Payroll - Bonus - - - - - - - - - - - - -

Payroll Taxes - - - 1,950 2,187 2,187 2,187 2,187 2,187 2,187 2,187 2,187 19,449

Insurance - Group - 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 2,400 21,600


Employee Meals -

Other Expenses -

Other Expenses -



Uniforms - - - 550 550 550 550 550 550 550 550 550 4,950

Rental/Lease Euipment - - - 275 275 275 275 275 275 275 275 275 2,475

Repairs/Maint - Equipment - - - 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 18,000

Repairs/Maint - Buildings - - - 100 100 100 100 100 100 100 100 100 900

Repairs/Maint - Irrigation - - - 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 18,000

Fertilizer - - - 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 27,000

Pesticides - - - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 9,000

Sand and Gravel - - - 250 250 250 250 250 250 250 250 250 2,250

Fuel - - - 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 3,500 31,500

Oil and Lubricants - - - 200 200 200 200 200 200 200 200 200 1,800

Small Tools and Equipment - - - 250 250 250 250 250 250 250 250 250 2,250

Office Supplies - - - 100 100 100 100 100 100 100 100 100 900

Course Supplies - - - 250 250 250 250 250 250 250 250 250 2,250

Utilities - Electric - - - 200 200 200 200 200 200 200 200 200 1,800

Utilities - Gas - - - - - - - - - - - - -

Utilities - Water - - - 100 100 100 100 100 100 100 100 100 900

Utilities - Telephone - - - 80 80 80 80 80 80 80 80 80 720

Consulting Costs - - - 250 250 250 250 250 250 250 250 250 2,250

Soil Tests - - - 100 100 100 100 100 100 100 100 100 900

House Rent - - - 950 950 950 950 950 950 950 950 950 8,550


Total Golf Course Expenses - - - 45,002 48,335 48,335 48,335 48,335 48,335 48,335 48,335 48,335 431,682


General and Administrative Operations


Payroll -

Payroll - Management - - - - 11,667 11,667 11,667 11,667 11,667 11,667 11,667 11,667 93,333

Payroll - Staff - - - - - - - - - - - - -


Payroll - Bonus - - - - - - - - - - - - -

Payroll Taxes - - - - 893 893 893 893 893 893 893 893 7,140

Insurance - Group - - - - 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 9,600


Employee Meals - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -

Other Expenses - - - - - - - - - - - - -

Total Payroll Expenses - - - - 13,759 13,759 13,759 13,759 13,759 13,759 13,759 13,759 110,073

Departmental Expenses -

Uniforms - - - -

Advertising and Promotion - - - 5,000 2,500 1,000 1,000 1,000 1,000 1,000 1,000 1,000 14,500

Consulting Fee - - - 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 72,000

Bad Debt Expense - - - 100 100 100 100 100 100 100 100 100 900

Bank Service Charges - - - 250 250 250 250 250 250 250 250 250 2,250

Credit Card Fees - - - 50 50 50 50 50 50 50 50 50 450

Data Processing Costs - - - 500 500 500 500 500 500 500 500 500 4,500

Employee Relations - - - 250 250 250 250 250 250 250 250 250 2,250

Safety Program - - - 100 100 100 100 100 100 100 100 100 900

Rental/Lease - Equipment - - - 100 100 100 100 100 100 100 100 100 900

Repairs/Maint - Equipment - - - 50 50 50 50 50 50 50 50 50 450

Repairs/Maint - Building - - - 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,000 27,000

Postage - - - 250 250 250 250 250 250 250 250 250 2,250

Printing - - - 250 250 250 250 250 250 250 250 250 2,250

Legal Expense - - - 2,500 2,500 2,500 1,000 1,000 1,000 1,000 1,000 1,000 13,500

Member Appreciation Events - - - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 9,000

Insurance - Workers Comp - - - 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 36,000

Insurance - General - - - 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 8,000 72,000

Licenses and Permits - - - 500 500 500 500 500 500 500 500 500 4,500

Miscellaneous Expense - - - 100 100 100 100 100 100 100 100 100 900

Dues and Subscriptions - - - 100 100 100 100 100 100 100 100 100 900

Office Supplies - - - 250 250 250 250 250 250 250 250 250 2,250

Utilities - Electric - - - 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 4,500 40,500

Utilities - Gas - - - 250 250 250 250 250 250 250 250 250 2,250

Utilities - Water - - - 500 500 500 500 500 500 500 500 500 4,500

Utilities - Telephone - - - 500 500 500 500 500 500 500 500 500 4,500

Travel - - - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 9,000

Miscellaneous - - - 100 100 100 100 100 100 100 100 100 900

House Rent - - - 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 9,000


Total Gen and Admin Expenses - - - 42,200 53,459 51,959 50,459 50,459 50,459 50,459 50,459 50,459 450,373

draft 2018 budgetsnibd.org/2018draftbudget.pdf · 2018-03-05 · budget narrative 2018 la local...

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