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

%

%

%

%

%

%

Main Club F&B Revenue

84,345 14,654 102,812 201,810 61,778 11,058 224,497 58,326 (153,849)

80,652 9,509 105,692 195,853 58,231 232,473 39,226 (139,837) 5,760

94,226 14,608 104,798 213,632 68,339 245,170 43,949 (153,257) 9,431

Food

305,641 64,717 214,805 585,163 203,223 29,144 547,335 131,745 (326,285)

307,596 45,085 214,764 567,445 210,737 24,570 551,036 100,350 (319,248)

298,696 50,578 210,495 559,770 210,151 32,349 570,564 101,187 (354,480)

41.8%

41.2%

44.1% 3,693 6.8% 5,145 49.1% (2,880) 100.0% 5,957 72.5% (3,547) 64.6% (5,298) 114.8% 7,976 20.6% (19,100) -71.7% (14,012)

53.4% (1,955) 9.0% 19,632

52.2% 11.1% 36.7% 100.0% 66.5% 45.0% 93.5% 22.5% -55.8%

54.2%

Beverage

7.3%

4.9%

7.9%

Service Charge & Other

50.9% 100.0% 73.2% 75.5% 111.2% 28.9% -76.2%

54.0% 100.0% 72.2% 60.6% 118.7% 20.0% -71.4%

37.8% 100.0% 68.5% 54.5% 97.1% 17.7% -56.3%

37.6%

41

Total Revenue

100.0% 17,718 70.4% 7,514 64.0% (4,574) 101.9% 3,701 18.1% (31,395) -63.3% (7,037)

Cost of Goods Food Cost of Goods Beverage

Wages & Benefits

Expenses

Net Income/(Loss)

Beach Club F&B Revenue

22,135 4,797 26,932 18,916 1,705 27,911 6,726 -

25,430 5,402 30,832 17,801 2,863 33,317 7,200 -

30,027 6,075 36,101 18,354 2,007 25,032 7,895 -

Food

68,948 13,119 82,067 49,329 4,574 73,194 14,057 -

63,746 14,045 77,791 43,473 5,802 88,441 16,100 -

85,640 18,767

82.2% 17.8%

82.5% 17.5%

0.0% (3,295)

84.0% 16.0%

81.9% 18.1%

82.0% 5,202

Beverage

18.0%

(926)

0.0% 0.0%

(605)

Other

-

0.0%

0.0%

-

0.0%

0.0%

0.0%

-

Total Revenue

104,407 52,963 7,690 74,883 17,138 (48,268)

100.0% 71.5% 34.9% 89.2% 17.1% -72.0%

100.0% 68.2% 41.3% 113.7% 20.7% -97.7%

100.0% 4,276 61.8% (5,856) 41.0% 1,228 71.7% 15,247 16.4% 2,043 -46.2% 16,939

100.0% 70.0% 53.0% 108.1% 23.4% -98.4%

0.0% (3,900) 0.0% (1,115) 0.0% 1,158 0.0% 5,406

100.0% 85.5% 35.5% 103.6% 25.0%

Cost of Goods Food Cost of Goods Beverage

Wages & Benefits

Expenses

0.0%

474

Net Income/(Loss)

(59,086)

(76,025)

(17,187)

(28,326) -105.2%

(30,349)

0.0% 2,023

(182,175)

(170,186)

(170,444)

Total F&B Operation

(385,371)

(395,273)

(402,748)

-79.6%

-75.1%

-68.3% (11,989)

-57.8%

-61.3%

-60.6% 9,902

Overhead Departments Beach Club Facility

57,518 20,667 88,289 53,441 93,487 119,946 50,411 483,758 16,771 51,711 28,485 5,140 8,703 110,810

159,922 53,508 188,665 109,421 215,425 263,850 91,972 31,150 107,527 53,165 11,818 20,678 224,339 1,082,762

164,197 49,547 217,287 103,600 200,825 240,604 97,847 31,416 105,576 60,100 14,750 16,186 228,028 1,073,907

146,533 52,010 193,900 107,583 220,801 238,996 98,702 37,433 108,444 60,243 11,840 17,828 235,788 1,058,526

68,756 20,414 87,117 53,599 90,997 126,153 39,732 486,769 13,736 50,486 24,556 3,284 10,449 102,512

70,736 18,616 104,650 54,300 88,089 117,221 42,104 495,716 12,949 47,008 28,400 5,500 8,032 101,889

3.2% 1,980 1.2% (1,798) 4.9% 17,533 5.2% (2,908) 6.7% (8,932) 2.8% 2,372 27.0% 8,947 3.0% 701

4.2% 1.4% 4.9% 2.8% 5.6% 6.9% 2.4%

4.3% 1.3% 5.6% 2.7% 5.2% 6.2% 2.5%

3.8% 4,275 1.3% (3,961) 5.0% 28,622 2.8% (5,821) 5.7% (14,600) 6.2% (23,246) 2.6% 5,875 27.5% (8,855)

3.8% 1.1% 4.9% 3.0% 5.1% 7.0% 2.2%

3.9% 1.0% 5.8% 3.0% 4.9% 6.5% 2.3%

Valet

Engineering

Utilities

Housekeeping Administration Accounting

Total Overhead Expenses

27.2%

27.6%

28.1%

27.9%

Member Services Wages & Benefits

0.8% 2.8% 1.4% 0.2% 0.6% 5.7%

0.7% 2.6% 1.6% 0.3% 0.4% 5.7%

0.9%

(787)

0.8% 2.8% 1.4% 0.3% 0.5% 5.8%

0.8% 2.7% 1.6% 0.4% 0.4% 5.9%

1.0%

266

Gratis Items

2.9% (3,478) 1.6% 3,844 0.3% 2,216 0.5% (2,417)

2.8% (1,951) 1.6% 6,935 0.3% 2,932 0.5% (4,492) 6.1% 3,689

Continental Breakfast Music/Entertainment/Décor

Other

Total Member Services

6.2%

(623)

277,628

275,826

177,404

Club Net Income/(Loss)

360,796

355,835

182,172

15.5%

15.4%

9.9% 1,802

9.4%

9.2%

4.7% 4,961

13/88