The Landings Yacht Golf & Tennis Club, Inc. For The Month Ending October 31, 2016 Fiscal Period 1

Transcription

1 The Landings Yacht Golf & Tennis Club, Inc. For The Month Ending October 31, 2016 Fiscal Period 1

2 The Landings Yacht Golf & Tennis Club, Inc. Table of Contents Financial Overview Pages 1-6 Balance Sheet Pages 7-8 Financial Statement Pages Month Forecast/Budget Pages 22 Cash Flow Report Page 23 Incidental Information Pages Delinquent Accounts Page 27 Reserve Expenditure Analysis Pages Employee Count Page 30

3 Financial Overview October 2016 Monthly Overview: MTD Actual Budget Var. Last Year Var Total Revenue $769,197 $750,007 $19,190 $723,389 $45,808 MTD Actual Budget Var. Last Year Var. Operating Profit $51,305 $6,976 $44,329 $37,389 $13,916 YTD Actual Budget Var. Last Year Var Total Revenue $769,197 $750,07 $19,190 $723,389 $45,808 YTD Actual Budget Var. Last Year Var Operating Profit $51,305 $6,976 $44,329 $37,389 $13,916 Summary: For the current first fiscal period ending October 2016, Club Revenue came in at $769,197 versus a budget of $750,007 for a positive variance of $19,190. Gross Operating Profit for the month was $51,305 compared to a budget of $9,976 for a positive variance of $44,329. The Food and Beverage Department had revenues of $138,850 compared to a budget of $137,766 resulting in a positive variance of $1,084. Cost of sales for food came in at 32.9% for the month on a budget of 41% and beverage costs were 34.2% compared to a budget of 32%. Wages and Benefits was under budget at 79.1% of revenue vs. a budget of 83.5% of revenue. Operational expenses for the department were $29,121 compared to a budgeted operational expense for the month of $36,860 for a positive variance of $7,739. October s profit/loss was ($43,999) compared to a budget of ($64,355) for a positive variance of $20,356. The Golf Department had revenues for the month of $20,268 compared to a budget of $21,935, for a negative variance of ($1,667). Golf rounds exceeded budget by 108 for the month. Cost of Merchandise sales were 68.8% compared to a budget of 73%. Departmental expenses for the month came in under budget by $2,203. Departmental loss for the month was ($9,829) compared to a budgeted loss of ($15,552) for a positive variance of $5,723. 1

4 The Tennis Department was under budget for the month in revenues. Merchandise Sales being slower than expected was the primary reason for the shortfall. Tennis Lesson Revenue was slightly under budget for the month. Cost of merchandise sales for the month were 76.6% and in line with budget. The Departmental expense for the month was ($15,464) compared to a budgeted expense of ($22,922) resulting in a positive variance of $7,458. Primarily due to a savings in Clay and repairs for the courts. The Marina Department had a strong month to start the new fiscal year with overall revenues coming in over budget by $21, This variance is due to sub-contractor work being over what was expected due to some major repairs and as well as engine replacements. Fuel sales, although revenue wise was under budget, profit on fuel was higher than budget because of pricing. Fuel pricing at the pump was $.35 a gallon less than what was budgeted for revenue. Sales exceeded our budgeted profit for gallons by.05 cents per gallon. Sub-contractor work monthly revenues were $7,613 over budget at $62,613 compared to a budget of $55,000. This was due to some major vessel repairs. Merchandise sales were over budget as well coming in at $44,325 compared to a budget of $18,000 for a positive variance of $26,325. This reflected new engine sales as well as parts sold for repairs. The department showed a profit for the month of $8,829 compared to a budget of $3,647 for a positive variance of $5,182 which equates to a 5% margin versus a budget of 2.4%. Administrative and general was slightly over budget with a departmental expense of $77,970 compared to a budget of $77,304, The Community Patrol Department was under budget by $2,288. Departmental expense for the month was $27,480 compared to a budget of $29,768, the positive variance being mostly due to a reimbursement for prior gate damage repair costs and savings in Salary & Wages. Golf Course Maintenance is under budget $1,028 this month. This is a great start for us to begin our new budget year as well as preparing for season. Property Maintenance Department was over budget $657 this month. Again a pretty solid start to the new fiscal year with a few variances. Monthly Utilities were well under budget for the month with actual expenses of $24,503 compared to a budget of $28,487 with all areas at or below budget for the month. The major variance was there was no re-claimed water billed during the month. Budget for reclaimed water is spread evenly throughout the year based on history. Actual billings are based on usage which is driven by weather. 2

5 OCTOBER 2016 Accounts Receivable: Delinquent Dues and House Receivables: The club currently has litigation actions involving 4 delinquent members. The legal actions that are currently engaged range from notices of delinquency from the retained Attorneys to advanced legal and collection actions. Hamilton Mikes, P.A. is the Law office, which is handling the current delinquency matters. The current balance of delinquent membership accounts is $69, of which $52, is over 120 days. We are continuing to contact all delinquent members and work with the attorneys on these collection matters. The current list has 6 members. No new accounts were added. Two accounts were paid totaling $2, We received partial payment on a third account for $33,544.34, which resulted in a bad debt reversing adjustment of $40, Capital Contributions: During the month of October 2016, the Club received $50, in capital contribution funds. This contribution amount was made up of 11 sales and 1 refund. Cash Balances: For the Month, ending October 2016 the Club had a Capital Reserve Fund cash balance of $895,764 of which $268,500 is ear marked for Utility Infrastructure, and an Operating cash balance of $497,991. Food & Beverage Department: MTD Actual Budget Var. Last Year Var Total Revenue $138,850 $137,766 $1,084 $ $20,682 MTD Actual Budget Var. Last Year Var Profit/(Loss) ($43,999) ($64,355) $20,356 ($59,138) $15,139 YTD Actual Budget Var. Last Year Var Profit/(Loss) ($43,999) ($64,355) $20,356 ($59,138) $15,139 Items of Note: Food Cost was under budget in the Helm Club by 12.5% for the month due to the large volume of outside banquet events that took place that month Banquet Supplies was under budget by $1,504 as the monies were not utilized this month but may in future months as the need arises 3

6 China Glass and Silver was under budget by $2,309 due to some items being on back order and the timing of invoices will be reflected in a later month. Some monies were also not spent and may be utilized in future months as the need arises. Laundry and Linen was under budget by $746 Music and Entertainment was over budget by $2,050 in the Helm Club and under budget by $1,650 in the Wheelhouse due to moving the Friday night entertainment to the Helm Club while the Wheelhouse renovations were taking place. Operating Supplies was under budget by $973 due to the timing of invoices which will be reflected in Novembers financials Uniforms was under budget by $2,484 as the monies were not utilized this month but may be in future months as the need arises Golf Department: MTD Actual Budget Var. Last Year Var. Golf Rounds 1,849 1, , Total Rev/Round (1.64) (3.43) Total Revenue 20,268 21,935 (1,667) 24,549 (4,281) NOI (9,829) (15,552) 5,723 (9,534) (295) Items of Note: Overall Other Expenses for the month came in under budget by $2,202. Cost of Sales 69%, which is under the projected COS budget of 70%. Total Golf Revenue was under budget by $1,667. This was only due to merchandise sales being slightly lower than the projected budget. Last year at this time, we did huge sales to get rid of very old inventory that we were successful in doing so. This year we did not need to do that as much. Departmental Profit/Loss. The Golf Dept. ended the month with a positive variance - under the projected budgeted loss by $5,723. 4

7 Tennis Department: MTD Actual Budget Var. Last Year Var. Total Revenue $25,544 $26,818 ($1,274) $29,220 ($3,676) NOI ($15,464) ($22,922) $7,458 ($19,909) $4,445 Items of Note: Merchandise Sales were under budget for the month, November sales should get back in line with budget. Tennis Camp and Tennis Lessons Cumulatively were over budget for the month, Department has a new head pro in place, Tennis Camp had a solid positive turn out for the month. Clay Savings due to the actual expense being incurred in November Grounds & Courts Savings due to acid and Chlorine for algae treatment not taking place. Procedure to take place in future months. Operating Supplies Savings due to budgeted purchases of Balls, Hoppers, supplies, and Ball mower not taking place. These expenses will be incurred in future months. Overall, for the month the department finished ahead budget by $7,458. In addition, compared to the previous year, ahead of budget by $4,445. Marina Department: MTD Actual Budget Var. Last Year Var. Total Revenue $174,581 $153,188 $21,393 $153,430 $21,152 NOI $8,806 $3,647 $5,159 $6,828 1,978 Items of Note: Fuel Sales gallon sales continue to be strong as the locals are now boating more. Operating profit exceeds budget by $5,159. Sub-Contractor Work had a strong month and is ahead of budget by $7,612 Total revenue is ahead of budget by $21,393 5

8 Administrative & General Department: MTD Actual Budget Var. Last Year Var Dept. Expense $77,970 $77,304 ($666) $74,959 ($3,011) Items of Note: Legal Fees - were under budget $1,667 for the month. Maintenance and Repairs - was over budget $1,555 for the month due to computer repairs. Office Expense - was over budget $1,225 due to timing of supply purchases. Community Patrol Department: MTD Actual Budget Var. Last Year Var Dept. Expense $27,480 $29,768 $2,288 $29,107 $661 Golf Course Maintenance Department: MTD Actual Budget Var. Last Year Var Dept. Expense $98,555 $99,583 ($1,028) $89,519 $9,036 Items of Note: Irrigation was under budget $1,400 due to a delay in getting the pump station intake system cleaned. Operating Supplies was over budget $1,258 due to some additional needs getting the course ready for season. Property Maintenance Department: MTD Actual Budget Var. Last Year Var Dept. Expense $69,656 $68,999 $657 $60,523 $9,133 Items of Note: Irrigation Repairs was over budget $1,573 due to some unforeseen irrigation repairs at the Marina. Pool Maintenance was under budget due to a delay in receiving our new pool filters. 6

9 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. BALANCE SHEET October 31, 2016 Same Month Current Month Previous Month Last Year ASSETS Cash CASH - OPERATING 497, , ,024 CASH - CAPITAL RESERVE FUNDS 627, , ,081 CASH - UTILITY INFRASTRUCTURE SET-ASIDE 268, , ,500 Total Cash 1,393,754 1,456,514 1,229,604 Account Receivable ACCOUNTS RECEIVABLE - MEMBER ACCOUNTS 709, , ,000 ALLOWANCE FOR DOUBTFUL ACCOUNTS (16,380) (55,794) (5,336) Total Accounts Receivable 692, , ,664 Inventory INVENTORY - FOOD 31,785 29,104 32,858 INVENTORY - BEVERAGE 36,980 34,498 36,086 INVENTORY - GATE TRANSMITTER 1,972 2, INVENTORY - TENNIS PRO SHOP 88,096 82,259 78,035 INVENTORY - GOLF PRO SHOP 30,737 25,294 52,651 INVENTORY - MARINA SHOP 73,480 98,217 70,248 INVENTORY - MARINA FUEL 11,662 10,406 13,009 Total Inventory 274, , ,727 Prepaid Expenses PREPAID INSURANCE 284,203 18, ,764 PREPAID OTHER 63,800 75,339 52,094 Total Prepaid Expenses 348,003 93, ,858 Fixed Assets PROPERTY & IMPROVEMENTS 7,429,977 7,429,977 7,429,977 BUILDING & IMPROVEMENTS 11,366,717 11,366,717 11,366,717 SITE IMPROVEMENTS 3,326,887 3,326,887 3,326,887 BUILDING - AMENITY PURCHASE 1,990,001 1,990,001 1,990,001 LAND - AMENTIY PURCHASE 3,910,000 3,910,000 3,910,000 LAND PURCHASE - DRIVING RANGE 1,008,633 1,008,633 1,008,633 CIP - CURRENT YEAR 992, , ,194 CAPITALIZED LOAN FEES 88,807 90, ,967 WIP CLUBHOUSE INFRASTRUCTURE LESS ACCUMULATED DEPRECIATION (11,531,493) (11,432,558) (10,344,280) Total Net Fixed Assets 18,581,599 18,574,275 18,907,096 Other Assets DEPOSITS - BEVERAGE ESCROW 3,500 3,500 3,500 DEPOSITS 1,401 1,401 1,401 Total Other Assets 4,901 4,901 4,901 Total Assets 21,295,708 21,011,035 21,567,850 7

10 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. BALANCE SHEET October 31, 2016 Same Month Current Year Previous Month Last Year LIABILITIES AND EQUITY Accounts Payable ACCOUNTS PAYABLE - TRADE 103,908 57, ,312 ACCOUNTS PAYABLE - INSURANCE 225,446 4, ,203 ACCOUNTS PAYABLE - SALES TAX 16,407 8,037 (7,440) ACCOUNTS PAYABLE - GRATUITIES 10,686 6,866 5,462 LOAN PAYABLE - BANK OF AMERICA CURRENT 583, , ,971 Total Accounts Payable 939, , ,507 Accrued Liabilities ACCRUED OTHER 21,977 18,357 6,842 ACCRUED UTILITIES 3,401 5,236 17,757 ACCRUED PAYROLL 74,714 40,247 54,140 ACCRUED BONUS 15,365 12,115 14,240 ACCRUED VACATION 37,589 32,018 16,652 ACCRUED AUDIT FEE 11, ,000 DEPOSITS/SWEEPS/GIFT CERTIFICATES 18,412 15,130 33,488 DEFERRED REVENUE 558, , ,513 Total Accrued Liabilities 740, , ,630 Long Term Liabilities LOAN PAYABLE - BANK OF AMERICA LONG TERM 2,739,008 2,788,935 3,320,717 Total Long Term Liabilities 2,739,008 2,788,935 3,320,717 Funds REPLACEMENT FUNDS - CONTRIBUTIONS 6,561,919 6,504,166 5,984,861 REPLACEMENT FUNDS - EXPENDITURES (9,029,869) (8,907,265) (8,172,594) CAPITAL FUND - CONTRIBUTIONS 3,086,623 3,036,623 2,725,623 HELM CLUB CAPITAL CONTRIBUTIONS 1,274,494 1,274,494 1,274,494 Total Funds 1,893,167 1,908,019 1,812,384 Total Liabilities 6,312,757 6,031,414 6,832,239 Member's Equity CAPITAL FUND EXPENDITURES 107, , ,089 PRIOR YEAR MEMBER'S EQUITY 14,979,621 14,761,954 14,761,954 CURRENT YEAR INCOME/(LOSS) (104,274) (654,693) (128,431) Total Member's Equity 14,982,951 14,979,621 14,735,612 Total Liabilities & Member's Equity 21,295,708 21,011,035 21,567,850 8

11 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR 769, % 750, % 723, % TOTAL REVENUE 769, % 750, % 723, % FOOD & BEVERAGE 138, % 137, % 118, % Total F&B Revenue 138, % 137, % 118, % 109, % 114, % 107, % Wages & Benefits 109, % 114, % 107, % 30, % 37, % 30, % Food Cost Of Sales 30, % 37, % 30, % 13, % 12, % 11, % Beverage Cost Of Sales 13, % 12, % 11, % 29, % 36, % 27, % Other Expenses 29, % 36, % 27, % (43,999) -31.7% (64,355) -46.7% (59,138) -50.0% FOOD & BEVERAGE PROFIT/(LOSS) (43,999) -31.7% (64,355) -46.7% (59,138) -50.0% GOLF OPERATIONS PROFIT/(LOSS) 20, % 21, % 24, % Total Pro Shop Revenue 20, % 21, % 24, % 19, % 21, % 17, % Wages & Benefits 19, % 21, % 17, % 3, % 6, % 11, % Cost Of Sales 3, % 6, % 11, % 7, % 9, % 5, % Other Expenses 7, % 9, % 5, % (9,829) -48.5% (15,552) -70.9% (9,534) -38.8% GOLF OPERATIONS PROFIT/(LOSS) (9,829) -48.5% (15,552) -70.9% (9,534) -38.8% TENNIS OPERATIONS PROFIT/(LOSS) 25, % 26, % 29, % Total Pro Shop Revenue 25, % 26, % 29, % 27, % 27, % 24, % Wages & Benefits 27, % 27, % 24, % 5, % 7, % 7, % Cost Of Sales 5, % 7, % 7, % 8, % 15, % 17, % Other Expenses 8, % 15, % 17, % (15,414) -60.2% (22,922) -85.5% (19,909) -68.1% TENNIS OPERATIONS PROFIT/(LOSS) (15,414) -60.2% (22,922) -85.5% (19,909) -68.1% MARINA OPERATIONS PROFIT/(LOSS) 174, % 153, % 153, % Total Marina Revenue 174, % 153, % 153, % 22, % 22, % 20, % Wages & Benefits 22, % 22, % 20, % 135, % 118, % 118, % Cost Of Sales 135, % 118, % 118, % 7, % 8, % 7, % Other Expenses 7, % 8, % 7, % 8, % 3, % 6, % MARINA OPERATIONS PROFIT/(LOSS) 8, % 3, % 6, % 409, % 410, % 398, % TOTAL MISCELLANEOUS INCOME 409, % 410, % 398, % OVERHEAD DEPARTMENTS 77, % 77, % 74, % Administrative & General 77, % 77, % 74, % 27, % 29, % 29, % Community Patrol 27, % 29, % 29, % 98, % 99, % 89, % Golf Course Maintenance 98, % 99, % 89, % 69, % 68, % 60, % Property Maintenance 69, % 68, % 60, % 24, % 28, % 24, % Utilities 24, % 28, % 24, % 298, % 304, % 278, % TOTAL OVERHEAD DEPARTMENT EXPENSE 298, % 304, % 278, % 51, % 6, % 37, % GROSS OPERATING PROFIT/(LOSS) 51, % 6, % 37, % 27, % 32, % 34, % Insurance 27, % 32, % 34, % 0 0.0% 0 0.0% 0 0.0% Insurance Loss Expense 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Taxes Personal Property 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Taxes Personal Property - Lease 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Taxes - Income Tax 0 0.0% 0 0.0% 0 0.0% 8, % 8, % 9, % Management Fees 8, % 8, % 9, % 0 0.0% 0 0.0% 0 0.0% Contingency 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Other Adds & Deducts 0 0.0% 0 0.0% 0 0.0% 15, % (34,565) -4.6% (5,620) -0.8% PROFIT/(LOSS) BEFORE DEP/AMORT/INT 15, % (34,565) -4.6% (5,620) -0.8% (104,274) -13.6% (153,843) -20.5% (128,431) -17.8% NET INCOME/(LOSS) (104,274) -13.6% (153,843) -20.5% (128,431) -17.8% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. SUMMARY PROFIT & LOSS October 31, , % 100, % 100, % Depreciation & Amortization 100, % 100, % 100, % 19, % 18, % 22, % Interest 19, % 18, % 22, % 0 0.0% 0 0.0% 0 0.0% Capital Contribution 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Capital Reserve 0 0.0% 0 0.0% 0 0.0%

12 FOOD REVENUE 54, % 64, % 59, % Dining Room 54, % 64, % 59, % 36, % 26, % 19, % Banquet 36, % 26, % 19, % 0 0.0% 0 0.0% 0 0.0% Patio 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Prime Dining 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Picnic Point 0 0.0% 0 0.0% 0 0.0% 91, % 91, % 78, % TOTAL FOOD REVENUE 91, % 91, % 78, % BEVERAGE REVENUE 28, % 32, % 31, % Dining Room 28, % 32, % 31, % 12, % 7, % 4, % Banquet 12, % 7, % 4, % 0 0.0% 0 0.0% 0 0.0% Patio 0 0.0% 0 0.0% 0 0.0% 40, % 40, % 35, % TOTAL BEVERAGE REVENUE 40, % 40, % 35, % OTHER REVENUE 3, % 3, % 3, % Helm Club Dues 3, % 3, % 3, % 3, % 2, % % Miscellaneous 3, % 2, % % 6, % 6, % 4, % TOTAL OTHER REVENUE 6, % 6, % 4, % 138, % 137, % 118, % TOTAL FOOD & BEVERAGE REVENUE 138, % 137, % 118, % COST OF SALES 30, % 37, % 30, % Food Cost of Sales 30, % 37, % 30, % 13, % 12, % 11, % Beverage Cost of Sales 13, % 12, % 11, % 43, % 50, % 42, % TOTAL COST OF SALES 43, % 50, % 42, % WAGES & BENEFITS 42, % 41, % 39, % Salaries & Wages - Dining Room 42, % 41, % 39, % 39, % 42, % 39, % Salaries & Wages - Kitchen 39, % 42, % 39, % 14, % 16, % 13, % Payroll Burden 14, % 16, % 13, % 3, % 3, % 3, % Employee Meals 3, % 3, % 3, % 6, % 7, % 7, % Group Insurance 6, % 7, % 7, % 0 0.0% 0 0.0% 0 0.0% Bonus 0 0.0% 0 0.0% 0 0.0% 2, % 3, % 3, % Vacation/Holiday 2, % 3, % 3, % % % % 401(k) Program % % % % % % Miscellaneous % % % 109, % 114, % 107, % TOTAL WAGES & BENEFITS 109, % 114, % 107, % (43,999) -31.7% (64,355) -46.7% (59,138) -50.0% DEPARTMENTAL PROFIT/(LOSS) (43,999) -31.7% (64,355) -46.7% (59,138) -50.0% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. COMBINED FOOD & BEVERAGE DEPARTMENTAL PROFIT & LOSS October 31, 2016 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR REVENUE 10 OTHER EXPENSES 0 0.0% % % Advertising - Help Wanted 0 0.0% % % % 2, % 0 0.0% Banquet Supplies % 2, % 0 0.0% % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash ( Over ) / Short 0 0.0% 0 0.0% 0 0.0% 2, % 5, % 1, % China/Glass/Silverware 2, % 5, % 1, % 1, % 1, % 1, % Cleaning Supplies 1, % 1, % 1, % 0 0.0% 0 0.0% 0 0.0% Clubhouse Cleaning 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Contract Labor 0 0.0% 0 0.0% 0 0.0% 1, % 1, % % Credit Card Discounts Fees 1, % 1, % % % % % Decorations % % % 2, % 2, % 0 0.0% Dues & Subscriptions 2, % 2, % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Equipment Rental 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% % Gasoline & Oil 0 0.0% 0 0.0% % % % % Kitchen Equipment % % % 1, % 2, % 1, % Laundry & Linen 1, % 2, % 1, % 1, % 1, % 1, % Leased Equipment 1, % 1, % 1, % % % % License & Fees % % % 0 0.0% 0 0.0% 0 0.0% Locker Room Supplies 0 0.0% 0 0.0% 0 0.0% 2, % 3, % 2, % Maintenance Contracts 2, % 3, % 2, % 1, % 1, % 1, % Maintenance & Repairs 1, % 1, % 1, % % % % Marketing & Advertising % % % 0 0.0% 0 0.0% 0 0.0% Menus & Drink List 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Meals & Entertainment 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Member Relations 0 0.0% 0 0.0% 0 0.0% % % 1, % Miscellaneous % % 1, % 4, % 4, % 3, % Music & Entertainment 4, % 4, % 3, % % % % Office Expense % % % 1, % 2, % 3, % Operating Supplies 1, % 2, % 3, % 1, % 1, % 1, % Paper & Plastic 1, % 1, % 1, % 0 0.0% 0 0.0% 0 0.0% Pest Control 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Printing 0 0.0% 0 0.0% 0 0.0% % % % Promotions % % % 0 0.0% 0 0.0% 0 0.0% Table & Bar Supplies 0 0.0% 0 0.0% 0 0.0% % % % Telephone % % % 0 0.0% 0 0.0% 0 0.0% Travel 0 0.0% 0 0.0% 0 0.0% % 3, % 3, % Uniforms % 3, % 3, % % % 0 0.0% Utensils % % 0 0.0% 29, % 36, % 27, % TOTAL OTHER EXPENSES 29, % 36, % 27, %

13 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR FOOD REVENUE 35, % 50, % 46, % Dining Room 35, % 50, % 46, % 0 0.0% 0 0.0% 0 0.0% Banquet 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Patio 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Picinc Point 0 0.0% 0 0.0% 0 0.0% 35, % 50, % 46, % TOTAL FOOD REVENUE 35, % 50, % 46, % BEVERAGE REVENUE 14, % 24, % 22, % Dining Room 14, % 24, % 22, % 0 0.0% 0 0.0% 0 0.0% Banquet 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Patio 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Picnic Point 0 0.0% 0 0.0% 0 0.0% 14, % 24, % 22, % TOTAL BEVERAGE REVENUE 14, % 24, % 22, % OTHER REVENUE 0 0.0% 0 0.0% 0 0.0% Miscellaneous 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% TOTAL OTHER REVENUE 0 0.0% 0 0.0% 0 0.0% 50, % 75, % 68, % TOTAL FOOD & BEVERAGE REVENUE 50, % 75, % 68, % COST OF SALES 13, % 20, % 17, % Food Cost of Sales 13, % 20, % 17, % 5, % 7, % 7, % Beverage Cost of Sales 5, % 7, % 7, % 18, % 27, % 24, % TOTAL COST OF SALES 18, % 27, % 24, % WAGES & BENEFITS 19, % 22, % 21, % Salaries & Wages - Dining Room 19, % 22, % 21, % 20, % 21, % 20, % Salaries & Wages - Kitchen 20, % 21, % 20, % 7, % 9, % 7, % Payroll Burden 7, % 9, % 7, % 2, % 2, % 2, % Employee Meals 2, % 2, % 2, % 4, % 4, % 6, % Group Insurance 4, % 4, % 6, % 0 0.0% 0 0.0% 0 0.0% Bonus 0 0.0% 0 0.0% 0 0.0% 1, % 3, % 2, % Vacation/Holiday 1, % 3, % 2, % % % % 401(k) Program % % % % % % Miscellaneous % % % 57, % 63, % 61, % TOTAL WAGES & BENEFITS 57, % 63, % 61, % (35,588) -70.3% (30,143) -40.1% (28,103) -41.0% DEPARTMENTAL PROFIT/(LOSS) (35,588) -70.3% (30,143) -40.1% (28,103) -41.0% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. WHEELHOUSE RESTAURANT DEPARTMENTAL PROFIT & LOSS October 31, 2016 REVENUE 11 OTHER EXPENSES 0 0.0% % % Advertising - Help Wanted 0 0.0% % % 0 0.0% 0 0.0% 0 0.0% Banquet Supplies 0 0.0% 0 0.0% 0 0.0% % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash ( Over ) / Short 0 0.0% 0 0.0% 0 0.0% 1, % 3, % 1, % China/Glass/Silverware 1, % 3, % 1, % % % % Cleaning Supplies % % % 0 0.0% 0 0.0% 0 0.0% Clubhouse Cleaning 0 0.0% 0 0.0% 0 0.0% % % % Credit Card Discounts Fees % % % 0 0.0% 0 0.0% 0 0.0% Decorations 0 0.0% 0 0.0% 0 0.0% 1, % 1, % 0 0.0% Dues & Subscriptions 1, % 1, % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Equipment Rental 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% % Gasoline & Oil 0 0.0% 0 0.0% % % % 0 0.0% Kitchen Equipment % % 0 0.0% % % % Laundry & Linen % % % % % % Leased Equipment % % % % % % License & Fees % % % 1, % 1, % % Maintenance Contracts 1, % 1, % % % % % Maintenance & Repairs % % % 0 0.0% 0 0.0% 0 0.0% Meals & Entertainment 0 0.0% 0 0.0% 0 0.0% 3 0.0% 0 0.0% % Miscellaneous 3 0.0% 0 0.0% % 0 0.0% 1, % 1, % Music & Entertainment 0 0.0% 1, % 1, % % % % Office Expense % % % % % 1, % Operating Supplies % % 1, % % % 1, % Paper & Plastic % % 1, % % % % Promotions % % % % % % Telephone % % % 0 0.0% 0 0.0% 0 0.0% Travel 0 0.0% 0 0.0% 0 0.0% % % % Uniforms % % % 0 0.0% 0 0.0% 0 0.0% Utensils 0 0.0% 0 0.0% 0 0.0% 10, % 13, % 11, % TOTAL OTHER EXPENSES 10, % 13, % 11, %

14 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR FOOD REVENUE 18, % 14, % 12, % Compass Rose 18, % 14, % 12, % 36, % 26, % 19, % Banquet 36, % 26, % 19, % 0 0.0% 0 0.0% 0 0.0% Beverage Cart 0 0.0% 0 0.0% 0 0.0% 55, % 40, % 32, % TOTAL FOOD REVENUE 55, % 40, % 32, % BEVERAGE REVENUE 13, % 8, % 9, % Compass Rose 13, % 8, % 9, % 12, % 7, % 4, % Banquet 12, % 7, % 4, % 25, % 16, % 13, % TOTAL BEVERAGE REVENUE 25, % 16, % 13, % OTHER REVENUE 3, % 3, % 3, % Helm Club Dining Dues 3, % 3, % 3, % 3, % 2, % % Miscellaneous 3, % 2, % % 6, % 6, % 4, % TOTAL OTHER REVENUE 6, % 6, % 4, % 88, % 62, % 49, % TOTAL FOOD & BEVERAGE REVENUE 88, % 62, % 49, % COST OF SALES 16, % 17, % 13, % Food Cost of Sales 16, % 17, % 13, % 8, % 5, % 4, % Beverage Cost of Sales 8, % 5, % 4, % 25, % 22, % 17, % TOTAL COST OF SALES 25, % 22, % 17, % WAGES & BENEFITS 22, % 18, % 18, % Salaries & Wages - Dining Room 22, % 18, % 18, % 18, % 20, % 18, % Salaries & Wages - Kitchen 18, % 20, % 18, % 7, % 6, % 5, % Payroll Burden 7, % 6, % 5, % 1, % 1, % % Employee Meals 1, % 1, % % 1, % 3, % 1, % Group Insurance 1, % 3, % 1, % 0 0.0% 0 0.0% 0 0.0% Bonus 0 0.0% 0 0.0% 0 0.0% % % % Vacation/Holiday % % % % % % 401(k) Program % % % % % 0 0.0% Miscellaneous % % 0 0.0% 52, % 51, % 46, % TOTAL WAGES & BENEFITS 52, % 51, % 46, % (8,411) -9.5% (34,213) -54.6% (31,035) -62.5% DEPARTMENTAL PROFIT/(LOSS) (8,411) -9.5% (34,213) -54.6% (31,035) -62.5% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. HELM CLUB RESTAURANT DEPARTMENTAL PROFIT & LOSS October 31, 2016 REVENUE 12 OTHER EXPENSES 0 0.0% % % Advertising - Help Wanted 0 0.0% % % % 2, % 0 0.0% Banquet Supplies % 2, % 0 0.0% % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash ( Over ) / Short 0 0.0% 0 0.0% 0 0.0% % 2, % % China/Glass/Silverware % 2, % % % % % Cleaning Supplies % % % 0 0.0% 0 0.0% 0 0.0% Contract Labor 0 0.0% 0 0.0% 0 0.0% % % % Credit Card Discounts Fees % % % % % % Decorations % % % 1, % 1, % 0 0.0% Dues & Subscriptions 1, % 1, % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Equipment Rental 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% % Gasoline & Oil 0 0.0% 0 0.0% % % % % Kitchen Equipment % % % 1, % 1, % 1, % Laundry & Linen 1, % 1, % 1, % % % % Leased Equipment % % % % % % License & Fees % % % 1, % 1, % 1, % Maintenance Contracts 1, % 1, % 1, % 1, % 1, % 1, % Maintenance & Repairs 1, % 1, % 1, % % % % Marketing & Advertising % % % 0 0.0% 0 0.0% 0 0.0% Menus & Drink List 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Meals & Entertainment 0 0.0% 0 0.0% 0 0.0% % % 1, % Miscellaneous % % 1, % 4, % 2, % 2, % Music & Entertainment 4, % 2, % 2, % % % % Office Expense % % % % 1, % 2, % Operating Supplies % 1, % 2, % % % % Paper & Plastic % % % 0 0.0% 0 0.0% 0 0.0% Printing 0 0.0% 0 0.0% 0 0.0% % % % Promotions % % % % % % Telephone % % % 0 0.0% 0 0.0% 0 0.0% Travel 0 0.0% 0 0.0% 0 0.0% % 3, % 2, % Uniforms % 3, % 2, % % % 0 0.0% Utensils % % 0 0.0% 18, % 23, % 16, % TOTAL OTHER EXPENSES 18, % 23, % 16, %

15 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR GOLF REVENUE 8, % 7, % 7, % Cart Revenue 8, % 7, % 7, % 0 0.0% 0 0.0% 0 0.0% Locker Revenue 0 0.0% 0 0.0% 0 0.0% % % % Green Fees % % % 5, % 9, % 10, % Golf Merchandise 5, % 9, % 10, % 1, % 1, % 1, % Club Storage 1, % 1, % 1, % % % 1, % Reciprocal % % 1, % 1, % 1, % 1, % Practice Range 1, % 1, % 1, % 0 0.0% 0 0.0% 0 0.0% Summer Golf Memberships 0 0.0% 0 0.0% 0 0.0% % % % Handicaps % % % % % % Pull Cart Rental % % % 0 0.0% 0 0.0% 0 0.0% Miscellaneous Income 0 0.0% 0 0.0% 0 0.0% % % % Miscellaneous Shop Service % % % 1, % % % Lessons 1, % % % 0 0.0% 0 0.0% 0 0.0% Lessons Asst Golf Pro 0 0.0% 0 0.0% 0 0.0% % % % Club Repair % % % 20, % 21, % 24, % TOTAL GOLF REVENUE 20, % 21, % 24, % COST OF SALES 3, % 6, % 11, % Golf Merchandise COS 3, % 6, % 11, % % % % Golf Merchandise Freight COS % % % % (90) 1.0% % Golf Merchandise Discounts COS % (90) 1.0% % 3, % 6, % 11, % TOTAL COST OF SALES 3, % 6, % 11, % WAGES & BENEFITS 14, % 16, % 13, % Salaries & Wages 14, % 16, % 13, % 1, % 1, % % Commissions/Lessons 1, % 1, % % 2, % 2, % 2, % Payroll Burden 2, % 2, % 2, % 0 0.0% 0 0.0% 0 0.0% Employee Meals 0 0.0% 0 0.0% 0 0.0% % % % Group Insurance % % % 0 0.0% 0 0.0% 0 0.0% Bonus 0 0.0% 0 0.0% 0 0.0% % 0 0.0% % Vacation/Holiday % 0 0.0% % 2 0.0% % 0 0.0% 401(k) Program 2 0.0% % 0 0.0% % % 0 0.0% Miscellaneous % % 0 0.0% 19, % 21, % 17, % TOTAL WAGES & BENEFITS 19, % 21, % 17, % (9,829) -48.5% (15,552) -70.9% (9,534) -38.8% DEPARTMENTAL PROFIT/(LOSS) (9,829) -48.5% (15,552) -70.9% (9,534) -38.8% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. GOLF OPERATIONS DEPARTMENTAL PROFIT & LOSS October 31, 2016 REVENUE 13 OTHER EXPENSES 0 0.0% 0 0.0% 0 0.0% Advertising - Help Wanted 0 0.0% 0 0.0% 0 0.0% % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash ( Over ) / Short 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 0 0.0% Cleaning Supplies 0 0.0% % 0 0.0% % % % Credit Card Discount Fees % % % 0 0.0% % 0 0.0% Decorations 0 0.0% % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Donations 0 0.0% 0 0.0% 0 0.0% % 0 0.0% 0 0.0% Dues & Subscriptions % 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Laundry & Linen 0 0.0% 0 0.0% 0 0.0% 3, % 3, % 3, % Leased Equipment 3, % 3, % 3, % % % % Maintenance Contracts % % % % % % Maintenance & Repairs % % % 0 0.0% % 0 0.0% Meals & Entertainment 0 0.0% % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Miscellaneous 0 0.0% 0 0.0% 0 0.0% % % % Office Expense % % % % % % Operating Supplies % % % % % % Paper Products/Water % % % 0 0.0% 0 0.0% 0 0.0% Pest Control 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Postage 0 0.0% 0 0.0% 0 0.0% % % 0 0.0% Practice Range % % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Printing 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 0 0.0% Promotions 0 0.0% % 0 0.0% 0 0.0% 1, % 0 0.0% Scorecard & Pencils 0 0.0% 1, % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Small Tools 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Tees & Towels 0 0.0% 0 0.0% 0 0.0% % % % Telephone % % % 0 0.0% % 0 0.0% Travel 0 0.0% % 0 0.0% % % % Uniforms % % % 7, % 9, % 5, % TOTAL OTHER EXPENSES 7, % 9, % 5, %

16 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR TENNIS REVENUE % % % Tennis Guest Fees % % % 6, % 9, % 9, % Tennis Merchandise 6, % 9, % 9, % % - 0.0% - 0.0% Tennis Miscellaneous % - 0.0% - 0.0% 2, % 2, % 3, % Dues - Single 2, % 2, % 3, % 1, % 1, % 1, % Dues - Family 1, % 1, % 1, % - 0.0% - 0.0% - 0.0% Tennis Member Events - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% Tennis Open Events - 0.0% - 0.0% - 0.0% % % % Tennis Ball Machine % % % 7, % 6, % 9, % Tennis Camp 7, % 6, % 9, % 6, % 7, % 5, % Tennis Lessons 6, % 7, % 5, % % % % Tennis Stringing % % % - 0.0% - 0.0% - 0.0% Florida Open - 0.0% - 0.0% - 0.0% 25, % 26, % 29, % TOTAL TENNIS REVENUE 25, % 26, % 29, % COST OF SALES 5, % 6, % 7, % Cost of Sales - Tennis Merchandise 5, % 6, % 7, % % % % Cost of Sales - Freight % % % % (180) 2.0% % Cost of Sales - Discounts % (180) 2.0% % 5, % 7, % 7, % TOTAL COST OF SALES 5, % 7, % 7, % WAGES & BENEFITS 16, % 16, % 13, % Salaries & Wages 16, % 16, % 13, % 6, % 6, % 5, % Commissions/Lessons 6, % 6, % 5, % - 0.0% - 0.0% - 0.0% Tennis Camp Wages - 0.0% - 0.0% - 0.0% 3, % 2, % 2, % Payroll Burden 3, % 2, % 2, % - 0.0% - 0.0% - 0.0% Employee Meals - 0.0% - 0.0% - 0.0% % 1, % 1, % Group Insurance % 1, % 1, % - 0.0% - 0.0% - 0.0% Bonus - 0.0% - 0.0% - 0.0% % % % Vacation/Holiday % % % - 0.0% - 0.0% - 0.0% 401(k) Program - 0.0% - 0.0% - 0.0% % - 0.0% - 0.0% Miscellaneous % - 0.0% - 0.0% 27, % 27, % 24, % TOTAL WAGES & BENEFITS 27, % 27, % 24, % (15,414) -60.2% (22,922) -85.5% (19,909) -68.1% DEPARTMENTAL PROFIT/(LOSS) (15,414) -60.2% (22,922) -85.5% (19,909) -68.1% THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. TENNIS DEPARTMENTAL PROFIT & LOSS October 31, 2016 REVENUE 14 OTHER EXPENSES - 0.0% - 0.0% % Advertising - Help Wanted - 0.0% - 0.0% % % % % Cable TV % % % - 0.0% - 0.0% - 0.0% Cash ( Over ) / Short - 0.0% - 0.0% - 0.0% - 0.0% 1, % % Clay Tennis - 0.0% 1, % % - 0.0% % - 0.0% Cleaning Supplies - 0.0% % - 0.0% % - 0.0% % Contract Labor % - 0.0% % % % % Credit Card Discount Fees % % % - 0.0% % - 0.0% Decorations - 0.0% % - 0.0% - 0.0% - 0.0% % Dues & Subscriptions - 0.0% - 0.0% % - 0.0% - 0.0% - 0.0% Florida Open Expense - 0.0% - 0.0% - 0.0% % 1, % % Grounds & Courts % 1, % % % % % Leased Equipment % % % % % % Maintenance Contracts % % % % % 1, % Maintenance & Repairs % % 1, % - 0.0% - 0.0% - 0.0% Marketing & Advertising - 0.0% - 0.0% - 0.0% - 0.0% % - 0.0% Meals & Entertainment - 0.0% % - 0.0% - 0.0% - 0.0% - 0.0% Tennis Member Events - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% Tennis Open Events - 0.0% - 0.0% - 0.0% 7 0.0% - 0.0% % Miscellaneous 7 0.0% - 0.0% % % % % Office Expense % % % % 2, % % Operating Supplies % 2, % % - 0.0% - 0.0% - 0.0% Postage - 0.0% - 0.0% - 0.0% - 0.0% % - 0.0% Printing - 0.0% % - 0.0% % % % Promotions % % % % 1, % 1, % Small Tools % 1, % 1, % % - 0.0% % Stringing Fees % - 0.0% % % % % Telephone % % % 4, % 6, % 10, % Tennis Camp 4, % 6, % 10, % - 0.0% - 0.0% (75) -0.3% Travel - 0.0% - 0.0% (75) -0.3% - 0.0% % % Uniforms - 0.0% % % 8, % 15, % 17, % TOTAL OTHER EXPENSES 8, % 15, % 17, %

17 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR MARINA REVENUE 44, % 18, % 25, % Marina Merchandise/Services 44, % 18, % 25, % 51, % 64, % 54, % Marina Gas Sales 51, % 64, % 54, % 5, % 4, % 4, % Marina Diesel Sales 5, % 4, % 4, % 2, % 2, % 1, % Marina Boat Servicing ( In House ) 2, % 2, % 1, % 62, % 55, % 58, % Marina Boat Servicing ( Subcontractor ) 62, % 55, % 58, % % 0 0.0% % Marina Dock Hook Up % 0 0.0% % 0 0.0% 0 0.0% 0 0.0% Marina Dock On Rental 0 0.0% 0 0.0% 0 0.0% 2, % 2, % 2, % Marina Electric Cord Charge 2, % 2, % 2, % % 2, % 1, % Marina Boat Rental % 2, % 1, % 3, % 2, % 3, % Marina Boat Storage 3, % 2, % 3, % % % % Marina Ramp Fees % % % % 0 0.0% 6 0.0% Marina Miscellaneous Income % 0 0.0% 6 0.0% 174, % 153, % 153, % TOTAL MARINA REVENUE 174, % 153, % 153, % COST OF SALES 34, % 12, % 19, % Merchandise/Service 34, % 12, % 19, % 43, % 55, % 44, % Gasoline 43, % 55, % 44, % 4, % 3, % 3, % Diesel 4, % 3, % 3, % % % % Fuel Use Tax Diesel % % % 53, % 46, % 50, % Subcontractor Work 53, % 46, % 50, % 0 0.0% 0 0.0% 0 0.0% Rental Boat Expense 0 0.0% 0 0.0% 0 0.0% 135, % 118, % 118, % TOTAL COST OF SALES 135, % 118, % 118, % WAGES & BENEFITS 13, % 12, % 11, % Salaries & Wages 13, % 12, % 11, % 5, % 4, % 4, % Commissions 5, % 4, % 4, % 2, % 3, % 2, % Payroll Burden 2, % 3, % 2, % 0 0.0% % 0 0.0% Employee Meals 0 0.0% % 0 0.0% 1, % % 1, % Group Insurance 1, % % 1, % 0 0.0% 0 0.0% 0 0.0% Bonus 0 0.0% 0 0.0% 0 0.0% % % 1, % Vacation/Holiday % % 1, % 0 0.0% % 0 0.0% 401(k) Program 0 0.0% % 0 0.0% 0 0.0% % 0 0.0% Miscellaneous 0 0.0% % 0 0.0% 22, % 22, % 20, % TOTAL WAGES & BENEFITS 22, % 22, % 20, % 8, % 3, % 6, % DEPARTMENTAL PROFIT/(LOSS) 8, % 3, % 6, % THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. MARINA DEPARTMENTAL PROFIT & LOSS October 31, 2016 REVENUE 15 OTHER EXPENSES % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash (over) / Short 0 0.0% 0 0.0% 0 0.0% 3 0.0% % 0 0.0% Cleaning Supplies 3 0.0% % 0 0.0% 1, % 2, % 2, % Credit Card Discount Fees 1, % 2, % 2, % 0 0.0% % 0 0.0% Decoration 0 0.0% % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Dues & Subscriptions 0 0.0% 0 0.0% 0 0.0% 2, % 3, % 2, % Electric - Boat Docks 2, % 3, % 2, % % % 0 0.0% Gasoline & Oil % % 0 0.0% 0 0.0% % 0 0.0% Grounds, Parking & Docks 0 0.0% % 0 0.0% % % % Leased Equipment % % % 0 0.0% 0 0.0% 0 0.0% Licenses & Fees 0 0.0% 0 0.0% 0 0.0% % % % Maintenance Contracts % % % % % % Maintenance & Repairs % % % % % % Meals & Entertainment % % % 0 0.0% 0 0.0% 0 0.0% Miscellaneous 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 0 0.0% Office Expense 0 0.0% % 0 0.0% % % % Operating Supplies % % % 0 0.0% 0 0.0% 0 0.0% Pest Control 0 0.0% 0 0.0% 0 0.0% 0 0.0% 5 0.0% % Postage 0 0.0% 5 0.0% % 0 0.0% 0 0.0% 0 0.0% Printing 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 0 0.0% Promotions 0 0.0% % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Security Systems 0 0.0% 0 0.0% 0 0.0% % % 0 0.0% Small Tools % % 0 0.0% % % % Telephone % % % % 0 0.0% % Uniforms % 0 0.0% % % % % Utilities - Electric % % % % % % Utilities - Trash Removal % % % 7, % 8, % 7, % TOTAL OTHER EXPENSES 7, % 8, % 7, %

18 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR MISCELLANEOUS REVENUE 66, % 66, % 65, % Debt Finance Income 66, % 66, % 65, % % % 1, % Dues - Pool Membership % % 1, % 1, % 1, % (852) -0.1% Finance Charges 1, % 1, % (852) 0.0% 0 0.0% 0 0.0% 0 0.0% Interest Income 0 0.0% 0 0.0% 0 0.0% 2, % 2, % 2, % Realty Office Rent 2, % 2, % 2, % 1, % 1, % 1, % Lease Processing Fee 1, % 1, % 1, % % % % Miscellaneous Income - Transmitters % % % % % % Miscellaneous Income % % % 335, % 335, % 325, % Operating Assessments 335, % 335, % 325, % 0 0.0% 0 0.0% 0 0.0% Operating Assessments 0 0.0% 0 0.0% 0 0.0% (120) 0.0% 0 0.0% (100) 0.0% Owner Fees - Discounts (120) 0.0% 0 0.0% (100) 0.0% 1, % % 1, % Owner Transfers Fees 1, % % 1, % 0 0.0% 0 0.0% 0 0.0% Riverside Memberships 0 0.1% 0 0.0% 0 0.1% 0 0.0% 0 0.0% 0 0.0% Riverside Annual 0 0.1% 0 0.0% 0 0.1% 409, % 410, % 398, % TOTAL MISCELLANEOUS REVENUE 409, % 410, % 398, % THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. MISCELLANEOUS DEPARTMENTAL PROFIT & LOSS October 31,

19 M-T-D M-T-D M-T-D Y-T-D Y-T-D Y-T-D ACTUAL BUDGET LAST YEAR ACTUAL BUDGET LAST YEAR WAGES & BENEFITS 35, % 33, % 32, % Salaries & Wages 35, % 33, % 32, % 3, % 4, % 3, % Payroll Burden 3, % 4, % 3, % 2, % 2, % 2, % Group Insurance 2, % 2, % 2, % 3, % 3, % % Bonus 3, % 3, % % 1, % 1, % 1, % Vacation/Holiday 1, % 1, % 1, % % % % Miscellaneous % % % 45, % 45, % 41, % TOTAL WAGES & BENEFITS 45, % 45, % 41, % OTHER EXPENSES 11, % 11, % 13, % Audit/Tax Prep 11, % 11, % 13, % 0 0.0% 0 0.0% 0 0.0% Advertising - Help Wanted 0 0.0% 0 0.0% 0 0.0% 6, % 6, % 6, % Accounting Fees 6, % 6, % 6, % 1, % 1, % 1, % Bad Debt 1, % 1, % 1, % % % % Bank Fees % % % % % % Cable TV % % % 0 0.0% 0 0.0% (0) 0.0% Cash (Over) / Short 0 0.0% 0 0.0% (0) 0.0% % % % Credit Card Discount Fees % % % % 0 0.0% 0 0.0% Decorations % 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Donations 0 0.0% 0 0.0% 0 0.0% % % % Dues & Subscriptions % % % 1, % 1, % 1, % Leased Equipment 1, % 1, % 1, % % 1, % % Legal Fees % 1, % % % % % Licence & Fees % % % 1, % 1, % 2, % Maintenance Contracts 1, % 1, % 2, % 2, % % % Maintenance & Repairs 2, % % % % % % Meals & Entertainment % % % % 0 0.0% 0 0.0% Member Relations % 0 0.0% 0 0.0% % % % Miscellaneous % % % 2, % 1, % 2, % Office Expense 2, % 1, % 2, % 0 0.0% % 0 0.0% Operating Supplies 0 0.0% % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Pest Control 0 0.0% 0 0.0% 0 0.0% 1, % 1, % 1, % Postage 1, % 1, % 1, % % % % Printing % % % % % 7 0.0% Promotions % % 7 0.0% % % % Storage % % % 1, % % 1, % Telephone 1, % % 1, % 0 0.0% 0 0.0% 0 0.0% Training 0 0.0% 0 0.0% 0 0.0% % % 5 0.0% Travel Expense % % 5 0.0% % % 0 0.0% Uniforms % % 0 0.0% 32, % 32, % 33, % TOTAL OTHER EXPENSES 32, % 32, % 33, % 77, % 77, % 74, % DEPARTMENTAL EXPENSE 77, % 77, % 74, % THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. ADMINISTRATION & GENERAL DEPARTMENTAL PROFIT & LOSS October 31,