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

%

%

%

%

%

%

Condensed Summary Total Club Revenue

1,792,722

1,793,982

1,776,985

(1,260)

3,847,445

3,854,338

3,778,441

(6,893)

1,395,041

1,395,070

1,355,985

(29)

FCC

2,797,273

2,788,699

2,707,594

8,574

(34,129)

(26,009)

(32,814) (5,731) (28,119) (35,640) (257,069) (358,743) 628

(8,120) 1,420 (5,080)

Golf Operations

(78,148) (4,905) (51,225) (3,931) (78,976) (443,793) (660,978)

(59,702)

(72,875) (18,983) (52,964) (8,423) (75,878) (500,808) (729,931)

(18,446) (5,112) (12,311) (8,180) 8,312 17,234 (18,503)

1,143

(277)

Golf Shop

207

(21,763)

(16,683)

Cart & Range

(38,914)

240

628

(388)

Caddie

4,249

(37,277) (211,045) (302,831)

(39,586) (220,988) (302,915)

2,309 9,943

Locker Rooms Golf Course Maint. Total Golf Operation

(87,288) (461,027) (642,475)

84

(24,490)

(25,613)

(25,644)

1,123

Tennis

(55,902)

(52,814)

(52,970)

(3,088)

(18,637)

(22,925)

(29,183)

4,288

Fitness

(27,125)

(40,367)

(45,459)

13,242

(153,849) (28,326) (182,175) (68,756) (20,414) (87,117) (53,599) (90,997) (126,153) (39,732) (102,512) (589,281)

(139,837) (30,349) (170,186) (70,736) (18,616) (104,650) (54,300) (88,089) (117,221) (42,104) (101,889) (597,605)

(153,257) (17,187) (170,444) (57,518) (20,667) (88,289) (53,441) (93,487) (119,946) (50,411) (110,810) (594,568)

(14,012)

Main Club F&B Beach Club F&B

(326,285) (59,086) (385,371) (159,922) (53,508) (188,665) (109,421) (215,425) (263,850) (91,972) (224,339) (1,307,101)

(319,248) (76,025) (395,273) (164,197) (49,547) (217,287) (103,600) (200,825) (240,604) (97,847) (228,028) (1,301,935)

(354,480) (48,268) (402,748) (146,533) (52,010) (193,900) (107,583) (220,801) (238,996) (98,702) (235,788) (1,294,314)

(7,037) 16,939

2,023

(11,989)

Total F&B Operation

9,902

1,980 (1,798) 17,533 (2,908) (8,932) 2,372 701

Beach Club Facility

4,275 (3,961) 28,622 (5,821) (14,600) (23,246) 5,875 3,689 (5,166)

Valet

Engineering

Utilities

Housekeeping Administration Accounting Member Services

(623)

8,324

Total Overhead Expenses

(1,117,413)

(1,119,244)

(1,178,582)

1,831

Total Club Expenses

(2,436,477)

(2,432,864)

(2,525,422)

(3,613)

277,628

275,826

177,404

1,802

Club Net Income/(Loss)

360,796

355,835

182,172

4,961

Property Owners Association

1,019,246 (990,203) (38,023)

1,021,046 (980,898) (48,607)

1,006,535 (925,448) (34,151)

(1,800) (9,305) 10,584

Total POA Revenue

2,041,928 (1,977,317)

2,042,092 (1,990,478)

2,023,817 (1,804,847)

(164)

Overhead

13,161 20,711 33,708

Realty

(66,127) (1,516)

(86,838) (35,224)

(76,553) 142,418

(8,980)

(8,459)

46,936

(521)

POA Income/(Loss)

268,648

267,367

224,340

1,281 Total Community Profit/(Loss)

359,280

320,611

324,591

38,669

15/88