07-25-19 - BOARD BOOK

Frenchman's Creek Summary Statement Of Operations

Jun-19

Year To Date

Jun-19

Budget

Jun-18

Var to Bud

Jun-19

Budget

Jun-18

Var to Bud

%

%

%

%

%

%

3,847,445

3,854,338

3,778,441

1,792,722

1,793,982

1,776,985

Total Club Revenue

(1,260)

(6,893)

FCC

2,932,668 23,773 167,742 2,788,699

2,837,002 29,418 158,826 2,707,594

Recreational Fee Other Income

2,935,879 25,645 164,251 2,797,273

1,418,501

1,467,940

1,466,334

100.0% 3,211 1.0% 1,872 5.6% 3,491 95.4% 8,574

100.0%

100.0% 1,606 1.2% (1,243)

100.0%

100.0%

100.0%

10,568 83,466

11,811 83,075

17,025 79,540

0.7% 5.7%

0.8% 5.7%

0.9% 5.6%

0.8% 5.7%

Expenses

5.6%

(391)

1,395,041

1,395,070

1,355,985

Net Income/(Loss)

95.0%

95.1%

95.6%

(29)

95.3%

95.1%

Golf Operations

69,082 28,022 84,147 16,615

64,619 24,810 97,584 15,100

Revenue

60,397 20,915 89,397 28,233

28,094 9,804 43,892 7,212

25,362 9,704 42,169 7,619

31,098 10,875 38,983 7,249

100.0% (8,685) 38.4% 7,107 151.0% (5,250) 23.4% (11,618)

100.0% 34.6% 148.0% 46.7%

100.0% 40.6% 121.8% 24.1% -86.4%

100.0% 35.0% 125.4% 23.3% -83.6%

110.7% (5,736) 34.9% 1,171 141.1% (3,186)

100.0% 38.3% 166.3% 30.0%

Cost of Sales

Wages & Benefits

Expenses

23.2%

(370)

Net Income/(Loss)

(78,148) -129.4%

(59,702)

(72,875) -112.8% (18,446)

(32,814) -105.5% (8,120)

(34,129) -134.6%

(26,009)

Golf Shop Revenue Cost of Sales

44,115 32,991 5,627 4,354

47,043 37,527 6,191 3,602

52,654 45,346 8,766 4,272 (5,731)

112,479 94,066 14,880

142,297 115,818 16,378

141,559 128,968 20,634 10,940 (18,983)

100.0% 74.8% 12.8%

100.0% 79.8% 13.2%

100.0% (2,928) 86.1% 4,536

100.0% 83.6% 13.2%

100.0% 81.4% 11.5%

100.0% (29,818) 91.1% 21,752 14.6% 1,498 7.7% 1,456 -13.4% (5,112) 100.0% (4,313) 325.2% (1,648) 166.2% (2,219)

Wages & Benefits

16.6%

564

Expenses

8,438

9,894

7.5% -4.4%

7.0% 0.1%

7.7% -0.6%

8.1%

(752)

9.9% 2.6%

207

Net Income/(Loss)

(4,905)

1,143

(277)

-10.9% 1,420

Caddie Revenue

3,503

2,152 6,999 3,576

(810) 100.0% 902 -111.4% 2,219 -274.0% (3,931) 485.4%

628

240

628

100.0% -21.3%

100.0%

100.0%

(388)

100.0%

- -

- -

- -

Wages & Benefits

(746)

0.0% 0.0%

0.0% 0.0%

0.0% 0.0%

- -

Expenses

-

0.0%

Net Income/(Loss)

240

628

628

4,249

(8,423) -391.4% (8,180)

100.0%

100.0%

(388)

121.3%

100.0%

Cart & Range Locker Rooms

21,763 37,277 211,045

16,683 39,586 220,988

28,119 35,640 257,069

51,225 78,976 443,793

38,914 87,288 461,027

52,964 75,878 500,808

1.2% 2.1%

0.9% 2.2%

1.3% 2.1%

1.6% (5,080) 2.0% 2,309 14.3% 9,943

1.0% 2.3%

1.4% (12,311) 2.0% 8,312 13.0% 17,234

Golf Course Maint.

11.8%

12.3%

11.5%

12.0%

(302,831)

(302,915)

(358,743)

Total Golf Operation

(660,978)

(642,475)

(729,931)

-16.9%

-16.9%

-20.2%

84

-17.2%

-16.7%

-19.0% (18,503)

Tennis Revenue

231

187

352

783

574

706

100.0%

100.0%

100.0%

44

100.0%

100.0%

100.0%

209

20,993 3,728

21,095 4,705

21,809 4,187

Wages & Benefits

46,365 10,320

44,241 9,147

46,397 7,279

1.2% 0.2% -1.4%

1.2% 0.3% -1.4%

1.2% 0.2%

102 977

1.2% 0.3% -1.5%

1.1% 0.2% -1.4%

1.2% (2,124) 0.2% (1,173) -1.4% (3,088)

Expenses

(24,490)

(25,613)

(25,644)

Net Income/(Loss)

(55,902)

(52,814)

(52,970)

-1.4% 1,123

Fitness Revenue

45,843 32,400 40,568

37,205 33,159 44,413

15,525 15,219 18,942

10,196 13,193 19,928

9,999 18,478 20,704

38,807 41,191 43,076

100.0%

100.0%

100.0% 5,329 1.0% (2,026)

100.0%

100.0%

100.0% 8,638

Wages & Benefits

0.8% 1.1% -1.0%

0.7% 1.1% -1.3%

0.8% 1.1% -0.7%

0.9% 1.2% -1.0%

1.1%

759

Expenses

1.2%

986

1.1% 3,845 -1.2% 13,242

(18,637)

(22,925)

(29,183)

Net Income/(Loss)

(27,125)

(40,367)

(45,459)

-1.6% 4,288

12/88