The Landings Yacht Golf & Tennis Club, Inc. For The Month Ending October 31, 2018 Fiscal Period 1

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1 The Landings Yacht Golf & Tennis Club, Inc. For The Month Ending October 31, 2018 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 2018 Monthly Overview: MTD Actual Budget Var. Last Year Var Total Revenue $764,883 $739,347 $25,536 $724,770 $40,113 MTD Actual Budget Var. Last Year Var. Operating Profit $14,297 ($35,753) $50,050 $67,511 ($53,214) YTD Actual Budget Var. Last Year Var Total Revenue $764,883 $739,347 $25,536 $724,770 $40,113 YTD Actual Budget Var. Last Year Var Operating Profit $14,297 ($35,753) $50,050 $67,511 ($53,214) Summary: For the current period ending October 2018, Club Revenue came in at $764,883 versus a budget of $739,347 for a positive variance of $25,536. Gross Operating Profit for the month was $14,297 compared to a budget of ($35,753) for a positive variance of $50,050. The Food and Beverage Department had revenues of $115,028 compared to a budget of $129,153 resulting in a negative variance of ($14,125). Cost of sales for food came in at 43.9% for the month on a budget of 37.7% and beverage costs were 31.3% compared to a budget of 30.9%. Wages and Benefits were under budget at 97.3% of revenue vs. a budget of 102.7%. Operational expenses for the department were $26,116 compared to budgeted operational expenses for the month of $36,917 for a positive variance of $10,801. Year to date profit/loss is ($67,282) compared to a budget of ($84,516) for a positive variance of $17,234. The Golf Department had revenue for the month of $27,425 compared to a budget of $20,845, for a positive variance of $6,580. Cost of Merchandise sales were 74% compared to a budget of 65%. Total Departmental operating expenses for the month came in under budget by $1,536. Departmental loss for the month was ($12,759) compared to a budgeted loss of ($17,727) for a positive variance of $4,968. 1

4 The Tennis Department was favorable to budget in overall revenue for the month, $32,918 vs. $31,180. Main drivers were Tennis Camp $8,784 vs. $7,000 budget, and Tennis Lessons $11,279 vs. $5,500. These gains were balanced by a slow month in Tennis Merchandise $7,773 vs. $14,000 budget. Cost of Sales were favorable to budget $4,481 vs. $10,500 budget. Wages and Benefits were relatively flat. Other Expenses were slightly over budget $13,884 vs. $12,149. Savings in Clay were offset by expenditures in Grounds and Courts. The Marina Department started the new fiscal year with a strong month. Overall revenues came in over budget by $25,827. This was largely due to a surge in fuel sales as well as a strong repair month. Fuel pricing at the pump was.25 less than budget. We exceeded our budgeted gallons (12,000) by 7,808 gallons (19,808). We also exceeded our budgeted profit for gallons by.19 cents per gallon. Subcontractor had very strong month revenues coming in over the budgeted number of $55,000 by $4,276 for $59,276 as repairs and regular maintenance of vessels increased. Merchandise sales were under budget coming in at $14,148 compared to a budget of $16,000 for a variance of ($1,852). This was largely due to less high dollar part sales for the month and lower clothing and accessory sales. Year to date revenues are higher than budget by $25,827. The department showed a profit for the month of $7,205 compared to a budget of ($626) for a positive variance of $7,831. Administrative and General was under budget with a departmental expense of $75,869 compared to a budget of $78,371. The Community Patrol Department was under budget by $1,950. Departmental expense for the month was $36,149 compared to a budget of $38,099, the positive variance being mostly due to a savings in Vacations & Holidays and Office Expense. Golf Course Maintenance is over budget $739 this month. Our goal is to keep the golf course in the best condition possible while being financially responsible with our budget. Property Maintenance Department is over budget $1,982 this month. Our goal is to keep costs down without sacrificing the standards. Utilities were under budget for the month, $27,225 vs. budget of $35,735 with water and electric accounting for the positive variance. OCTOBER 2018 Accounts Receivable: Delinquent Dues and House Receivables: The club has one account in collections. The current balance of delinquent membership accounts is $17, The current list has three accounts on it. Two accounts were added totaling $5, and two accounts were paid totaling $19,

5 Capital Contributions: During the month of October 2018, the Club received $39, in capital contribution funds. This contribution amount was made up of eight sales. The Year to Date capital fund contribution amount is $39, The Year to Date Contribution amount is made up eight sales. Cash Balances: For the Month ending October 2018 the Club had a Capital Reserve Fund cash balance of $781,017 and an Operating cash balance of $466,162. Food & Beverage Department: MTD Actual Budget Var. Last Year Var Total Revenue $115,028 $129,153 ($14,125) $133,425 ($18,397) MTD Actual Budget Var. Last Year Var Profit/(Loss) (67,282) ($84,516) $17,234 ($50,128) ($17,154) YTD Actual Budget Var. Last Year Var Profit/(Loss) ($67,282) ($84,516) $17,234 ($50,128) ($17,154) Items of Note: Food cost was over budget by 6.2 % as a result of lower cover counts then were anticipated for the Thursday evening buffets at the Compass Rose, along with a higher amount of waste at the wheelhouse due to over prep in the kitchen Banquet Supplies was under budget by $2,265 as the budgeted money was not necessary to utilize this month however, the funds will be utilized as needed for banquet equipment China Glass & Silver was under budget by $2,825 as the budgeted money was not necessary to utilize this month however, the funds will be utilized as needed to replace china, glass and silver Dues and Subscriptions was under budget by $790 due to the timing of invoices Maintenance Contracts was under budget by $1,417 due to the timing of scheduled maintenance services Maintenance and Repairs was over budget by $999 as several coolers needed repairs at the helm club 3

6 Operating Supplies was under budget by $1,225 as the budgeted money was not necessary to utilize this month however, the funds may be utilized in future months as needed Uniforms was under budget by $1,112 as the budgeted money was not necessary to utilize this month however, the funds will be utilized as needed for staff uniforms in future months Golf Department: MTD Actual Budget Var. Last Year Var. Golf Rounds 1,881 1, , Total Rev/Round Total Revenue 27,425 20,845 6,580 17,824 9,601 NOI (12,759) (17,727) 4,968 (15,196) 2,437 Items of Note: Cost of Sales were 74%, which is over the projected COS budget of 65%, by 9%. Merchandise sales were over the projected budget by $3,538. One of the Ladies League s decided to order new League Golf shirts as uniforms that were not budgeted for in revenue, this has a big part in why merchandise sales were high for the month. Cost of sales was high do to sales to clear out old inventory. Total Profit/Loss was $4,968 less than the expected loss that was budgeted. Other Expenses line item was $1,524 less than budgeted. TENNIS DEPARTMENT MTD Actual Budget Var. last year var. Total Revenue $32,918 $31,180 $1,738 $29,214 $3,704 NOI ($18,522) ($22,779) $4,257 ($17,037) ($1,485) Items of Note: *Tennis Lessons and Camp were well ahead of budget. *Merchandise sales were very low, and Cost of sales was low as well. 4

7 *Grounds and Courts costs were balanced by Operating costs. Marina Department: MTD Actual Budget Var. Last Year Var. Total Revenue $162,751 $136,924 $25,827 $132,293 $30,458 NOI $7,205 ($626) $7,831 $9,716 ($2,511) Items of Note: Fuel Sales gallon sales started coming back strong river traffic is increasing Year to date operating profit exceeds budget by $7,831 Total revenue is ahead of budget by $25,827 Subcontractor work is exceeding budget by $4,276 Our new rental boat is in and did $1, in rentals for the month Administrative & General Department: MTD Actual Budget Var. Last Year Var Dept. Expense $75,869 $78,371 $2,502 $77,337 $1,438 Items of Note: Salaries and Wages were on budget. Other expenses were under budget collectively, with Legal Fees under budget and office expense over budget for the month due to purchase of a couple of replacement office chairs and table. Community Patrol Department: MTD Actual Budget Var. Last Year Var Dept. Expense $36,149 $38,099 $1,950 $28,593 ($7,556) 5

8 Golf Course Maintenance Department: MTD Actual Budget Var. Last Year Var Dept. Expense $105,966 $105,227 $739 $80,527 $25,439 Items of Note: Salaries & Wages is over budget $1,405. Group Insurance is over $1,172 Trees, Shrubs & Flowers is under budget 1,955 due to the delay in some plantings. Property Maintenance Department: MTD Actual Budget Var. Last Year Var Dept. Expense $75,899 $73,917 $1,982 $55,197 $20,702 Items of Note: Miscellaneous is over budget $1,734 due to repairs to Helm club fire system and fire extinguisher updating for the whole property. Operating Supplies is over budget $734 due to Housekeeping supplies 6

9 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. BALANCE SHEET October 31, 2018 Same Month Current Month Previous Month Last Year ASSETS Cash CASH - OPERATING 466, , ,140 CASH - CAPITAL RESERVE FUNDS 512, , ,111 CASH - UTILITY INFRASTRUCTURE SET-ASIDE 268, , ,500 Total Cash 1,247,179 1,396,067 1,524,751 Account Receivable ACCOUNTS RECEIVABLE - MEMBER ACCOUNTS 741, , ,746 ALLOWANCE FOR DOUBTFUL ACCOUNTS (14,752) (13,752) (1,000) Total Accounts Receivable 726, , ,823 Inventory INVENTORY - FOOD 36,507 30,859 32,433 INVENTORY - BEVERAGE 46,917 45,355 44,396 INVENTORY - TENNIS PRO SHOP 25,412 24,422 32,302 INVENTORY - GOLF PRO SHOP 37,497 37,462 36,147 INVENTORY - MARINA SHOP 70,446 73,606 71,074 INVENTORY - MARINA FUEL 11,394 20,806 10,922 Total Inventory 228, , ,122 Prepaid Expenses PREPAID INSURANCE 208, , ,166 PREPAID OTHER 81,603 77,186 55,614 Total Prepaid Expenses 290, , ,781 Fixed Assets PROPERTY & IMPROVEMENTS 8,682,782 8,682,782 8,454,722 BUILDING & IMPROVEMENTS 12,514,539 12,514,539 12,236,350 SITE IMPROVEMENTS 3,856,244 3,856,244 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 122, ,135 CAPITALIZED LOAN FEES 88,465 90, ,146 WIP CLUBHOUSE INFRASTRUCTURE LESS ACCUMULATED DEPRECIATION (14,214,986) (14,079,593) (12,662,643) Total Net Fixed Assets 17,958,050 17,973,461 18,455,231 Other Assets DEPOSITS - BEVERAGE ESCROW 3,500 3,500 3,500 DEPOSITS Total Other Assets 3,712 3,712 3,512 Total Assets 20,454,108 20,460,812 21,439,220 7

10 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. BALANCE SHEET October 31, 2018 Same Month Current Month Previous Month Last Year LIABILITIES AND EQUITY Accounts Payable ACCOUNTS PAYABLE - TRADE 153, , ,499 ACCOUNTS PAYABLE - INSURANCE 160, , ,508 ACCOUNTS PAYABLE - SALES TAX 13,229 9,005 33,405 ACCOUNTS PAYABLE - GRATUITIES 20,618 13,553 16,017 LOAN PAYABLE - BANK OF AMERICA CURRENT 652, , ,214 LOAN PAYABLE - BOA CAPITAL IMPROVEMENT 464, , ,746 Total Accounts Payable 1,464,184 1,410,176 1,733,389 Accrued Liabilities ACCRUED OTHER 41,967 31,534 26,716 ACCRUED UTILITIES 14,306 11,000 12,863 ACCRUED PAYROLL 101,695 70,023 87,293 ACCRUED BONUS 7,116 3,616 18,234 ACCRUED VACATION 22,790 21,040 43,607 ACCRUED AUDIT FEE 11, ,500 DEPOSITS/SWEEPS/GIFT CERTIFICATES 60,590 57,753 27,807 DEFERRED REVENUE 567, , ,520 Total Accrued Liabilities 827, , ,540 Long Term Liabilities LOAN PAYABLE - BANK OF AMERICA LONG TERM 1,445,822 1,501,238 2,097,844 Total Long Term Liabilities 1,445,822 1,501,238 2,097,844 Funds REPLACEMENT FUNDS - CONTRIBUTIONS 8,009,026 7,944,753 7,268,568 REPLACEMENT FUNDS - EXPENDITURES (11,439,374) (11,317,002) (10,355,163) CAPITAL FUND - CONTRIBUTIONS 3,796,623 3,757,623 3,418,623 HELM CLUB CAPITAL CONTRIBUTIONS 1,274,494 1,274,494 1,274,494 Total Funds 1,640,769 1,659,869 1,606,522 Total Liabilities 5,377,975 5,334,752 6,235,295 Member's Equity CAPITAL FUND EXPENDITURES 122,372 1,000,549 43,249 PRIOR YEAR MEMBER'S EQUITY 15,126,060 15,278,644 15,278,644 CURRENT YEAR INCOME/(LOSS) (172,299) (1,153,132) (117,968) Total Member's Equity 15,076,133 15,126,060 15,203,925 Total Liabilities & Member's Equity 20,454,108 20,460,812 21,439,220 8

11 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. SUMMARY PROFIT & LOSS October 31, 2018 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 764, % 739, % 724, % TOTAL REVENUE 764, % 739, % 724, % FOOD & BEVERAGE 115, % 129, % 133, % Total F&B Revenue 115, % 129, % 133, % 111, % 132, % 105, % Wages & Benefits 111, % 132, % 105, % 32, % 32, % 33, % Food Cost Of Sales 32, % 32, % 33, % 11, % 11, % 12, % Beverage Cost Of Sales 11, % 11, % 12, % 26, % 36, % 32, % Other Expenses 26, % 36, % 32, % (67,282) -58.5% (84,516) -65.4% (50,128) -37.6% FOOD & BEVERAGE PROFIT/(LOSS) (67,282) -58.5% (84,516) -65.4% (50,128) -37.6% GOLF OPERATIONS PROFIT/(LOSS) 27, % 20, % 17, % Total Pro Shop Revenue 27, % 20, % 17, % 22, % 22, % 20, % Wages & Benefits 22, % 22, % 20, % 6, % 3, % 4, % Cost Of Sales 6, % 3, % 4, % 10, % 12, % 8, % Other Expenses 10, % 12, % 8, % (12,759) -46.5% (17,727) -85.0% (15,196) -85.3% GOLF OPERATIONS PROFIT/(LOSS) (12,759) -46.5% (17,727) -85.0% (15,196) -85.3% TENNIS OPERATIONS PROFIT/(LOSS) 32, % 31, % 29, % Total Pro Shop Revenue 32, % 31, % 29, % 33, % 31, % 27, % Wages & Benefits 33, % 31, % 27, % 4, % 10, % 11, % Cost Of Sales 4, % 10, % 11, % 13, % 12, % 7, % Other Expenses 13, % 12, % 7, % (18,522) -56.3% (22,779) -73.1% (17,037) -58.3% TENNIS OPERATIONS PROFIT/(LOSS) (18,522) -56.3% (22,779) -73.1% (17,037) -58.3% MARINA OPERATIONS PROFIT/(LOSS) 162, % 136, % 132, % Total Marina Revenue 162, % 136, % 132, % 21, % 23, % 22, % Wages & Benefits 21, % 23, % 22, % 125, % 104, % 92, % Cost Of Sales 125, % 104, % 92, % 8, % 9, % 7, % Other Expenses 8, % 9, % 7, % 7, % (626) -0.5% 9, % MARINA OPERATIONS PROFIT/(LOSS) 7, % (626) -0.5% 9, % 426, % 421, % 412, % TOTAL MISCELLANEOUS INCOME 426, % 421, % 412, % OVERHEAD DEPARTMENTS 75, % 78, % 77, % Administrative & General 75, % 78, % 77, % 36, % 38, % 28, % Community Patrol 36, % 38, % 28, % 105, % 105, % 80, % Golf Course Maintenance 105, % 105, % 80, % 75, % 73, % 55, % Property Maintenance 75, % 73, % 55, % 27, % 35, % 30, % Utilities 27, % 35, % 30, % 321, % 331, % 271, % TOTAL OVERHEAD DEPARTMENT EXPENSE 321, % 331, % 271, % 14, % (35,753) -4.8% 67, % GROSS OPERATING PROFIT/(LOSS) 14, % (35,753) -4.8% 67, % 31, % 36, % 52, % Insurance 31, % 36, % 52, % 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, % 8, % Management Fees 8, % 8, % 8, % 0 0.0% 0 0.0% 0 0.0% Gain/Loss on Asset Sale 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0 0.0% Gain/Loss on Capital Asset Disposal 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% (25,624) -3.4% (80,479) -10.9% 6, % PROFIT/(LOSS) BEFORE DEP/AMORT/INT (25,624) -3.4% (80,479) -10.9% 6, % 137, % 137, % 113, % Depreciation & Amortization 137, % 137, % 113, % 8, % 9, % 10, % Interest 8, % 9, % 10, % 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% (172,299) -22.5% (227,315) -30.7% (117,968) -16.3% NET INCOME/(LOSS) (172,299) -22.5% (227,315) -30.7% (117,968) -16.3% 9

12 COMBINED FOOD & BEVERAGE DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 FOOD REVENUE 61, % 70, % 67, % Dining Room 61, % 70, % 67, % 13, % 15, % 15, % Banquet 13, % 15, % 15, % 74, % 85, % 83, % TOTAL FOOD REVENUE 74, % 85, % 83, % BEVERAGE REVENUE 31, % 33, % 36, % Dining Room 31, % 33, % 36, % 4, % 4, % 6, % Banquet 4, % 4, % 6, % 36, % 38, % 42, % TOTAL BEVERAGE REVENUE 36, % 38, % 42, % OTHER REVENUE 2, % 3, % 3, % Helm Club Dues 2, % 3, % 3, % % 1, % 3, % Miscellaneous % 1, % 3, % 3, % 5, % 7, % TOTAL OTHER REVENUE 3, % 5, % 7, % 115, % 129, % 133, % TOTAL FOOD & BEVERAGE REVENUE 115, % 129, % 133, % COST OF SALES 32, % 32, % 33, % Food Cost of Sales 32, % 32, % 33, % 11, % 11, % 12, % Beverage Cost of Sales 11, % 11, % 12, % 44, % 44, % 45, % TOTAL COST OF SALES 44, % 44, % 45, % WAGES & BENEFITS 42, % 49, % 43, % Salaries & Wages - Dining Room 42, % 49, % 43, % 40, % 52, % 37, % Salaries & Wages - Kitchen 40, % 52, % 37, % 13, % 18, % 15, % Payroll Burden 13, % 18, % 15, % 4, % 2, % 1, % Employee Meals 4, % 2, % 1, % 6, % 4, % 3, % Group Insurance 6, % 4, % 3, % 3, % 3, % 2, % Vacation/Holiday 3, % 3, % 2, % % % % 401(k) Program % % % 0 0.0% % % Miscellaneous 0 0.0% % % 111, % 132, % 105, % TOTAL WAGES & BENEFITS 111, % 132, % 105, % OTHER EXPENSES % % % Advertising - Help Wanted % % % % 2, % 2, % Banquet Supplies % 2, % 2, % % % % Cable TV % % % % 0 0.0% (25) 0.0% Cash ( Over ) / Short % 0 0.0% (25) 0.0% % 3, % 3, % China/Glass/Silverware % 3, % 3, % 1, % 1, % % Cleaning Supplies 1, % 1, % % 0 0.0% 0 0.0% 0 0.0% Contract Labor 0 0.0% 0 0.0% 0 0.0% 1, % 1, % 1, % Credit Card Discounts Fees 1, % 1, % 1, % % % % Decorations % % % 1, % 2, % 1, % Dues & Subscriptions 1, % 2, % 1, % 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% Kitchen Equipment 0 0.0% % 0 0.0% 2, % 2, % 2, % Laundry & Linen 2, % 2, % 2, % 1, % 1, % 1, % Leased Equipment 1, % 1, % 1, % % % % License & Fees % % % 2, % 3, % 1, % Maintenance Contracts 2, % 3, % 1, % 2, % 1, % 1, % Maintenance & Repairs 2, % 1, % 1, % 0 0.0% % % Marketing & Advertising 0 0.0% % % 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% % % % Miscellaneous % % % 5, % 5, % 6, % Music & Entertainment 5, % 5, % 6, % % % % Office Expense % % % % 2, % 2, % Operating Supplies % 2, % 2, % 1, % 1, % 1, % Paper & Plastic 1, % 1, % 1, % 0 0.0% 0 0.0% 0 0.0% Printing 0 0.0% 0 0.0% 0 0.0% % 1, % 1, % Promotions % 1, % 1, % % % % Telephone % % % (37) 0.0% 0 0.0% 0 0.0% Travel (37) 0.0% 0 0.0% 0 0.0% % 1, % 1, % Uniforms % 1, % 1, % % % % Utensils % % % 26, % 36, % 32, % TOTAL OTHER EXPENSES 26, % 36, % 32, % (67,282) -58.5% (84,516) -65.4% (50,128) -37.6% DEPARTMENTAL PROFIT/(LOSS) (67,282) -58.5% (84,516) -65.4% (50,128) -37.6% 10

13 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. WHEELHOUSE RESTAURANT DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 FOOD REVENUE 39, % 40, % 41, % Dining Room 39, % 40, % 41, % 39, % 40, % 41, % TOTAL FOOD REVENUE 39, % 40, % 41, % BEVERAGE REVENUE 19, % 18, % 21, % Dining Room 19, % 18, % 21, % 19, % 18, % 21, % TOTAL BEVERAGE REVENUE 19, % 18, % 21, % 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% 58, % 59, % 63, % TOTAL FOOD & BEVERAGE REVENUE 58, % 59, % 63, % COST OF SALES 18, % 15, % 17, % Food Cost of Sales 18, % 15, % 17, % 7, % 5, % 7, % Beverage Cost of Sales 7, % 5, % 7, % 25, % 21, % 24, % TOTAL COST OF SALES 25, % 21, % 24, % WAGES & BENEFITS 23, % 24, % 22, % Salaries & Wages - Dining Room 23, % 24, % 22, % 22, % 24, % 18, % Salaries & Wages - Kitchen 22, % 24, % 18, % 7, % 9, % 7, % Payroll Burden 7, % 9, % 7, % 3, % 1, % 1, % Employee Meals 3, % 1, % 1, % 4, % 2, % 2, % Group Insurance 4, % 2, % 2, % 2, % 3, % 1, % Vacation/Holiday 2, % 3, % 1, % % % % 401(k) Program % % % 0 0.0% % % Miscellaneous 0 0.0% % % 65, % 66, % 55, % TOTAL WAGES & BENEFITS 65, % 66, % 55, % OTHER EXPENSES % 0 0.0% % Advertising - Help Wanted % 0 0.0% % % % % Cable TV % % % % 0 0.0% (25) 0.0% Cash ( Over ) / Short % 0 0.0% (25) 0.0% 0 0.0% 1, % 2, % China/Glass/Silverware 0 0.0% 1, % 2, % % % % Cleaning Supplies % % % % % % Credit Card Discounts Fees % % % 0 0.0% 0 0.0% 0 0.0% Decorations 0 0.0% 0 0.0% 0 0.0% % 1, % % Dues & Subscriptions % 1, % % 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% Kitchen Equipment 0 0.0% % 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% % 0 0.0% % Miscellaneous % 0 0.0% % 1, % 1, % 2, % Music & Entertainment 1, % 1, % 2, % % % % Office Expense % % % % % % Operating Supplies % % % % % 1, % Paper & Plastic % % 1, % % % % Promotions % % % % % % Telephone % % % (37) -0.1% 0 0.0% 0 0.0% Travel (37) -0.1% 0 0.0% 0 0.0% % % % Uniforms % % % 10, % 14, % 12, % TOTAL OTHER EXPENSES 10, % 14, % 12, % 11 (42,002) -71.5% (43,400) -73.4% (28,884) -45.7% DEPARTMENTAL PROFIT/(LOSS) (42,002) -71.5% (43,400) -73.4% (28,884) -45.7%

14 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. HELM CLUB RESTAURANT DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 FOOD REVENUE 22, % 29, % 26, % Compass Rose 22, % 29, % 26, % 13, % 15, % 15, % Banquet 13, % 15, % 15, % 35, % 44, % 42, % TOTAL FOOD REVENUE 35, % 44, % 42, % BEVERAGE REVENUE 12, % 15, % 14, % Compass Rose 12, % 15, % 14, % 4, % 4, % 6, % Banquet 4, % 4, % 6, % 17, % 20, % 21, % TOTAL BEVERAGE REVENUE 17, % 20, % 21, % OTHER REVENUE 2, % 3, % 3, % Helm Club Dining Dues 2, % 3, % 3, % % 1, % 3, % Miscellaneous % 1, % 3, % 3, % 5, % 7, % TOTAL OTHER REVENUE 3, % 5, % 7, % 56, % 70, % 70, % TOTAL FOOD & BEVERAGE REVENUE 56, % 70, % 70, % COST OF SALES 14, % 16, % 16, % Food Cost of Sales 14, % 16, % 16, % 4, % 5, % 4, % Beverage Cost of Sales 4, % 5, % 4, % 18, % 22, % 21, % TOTAL COST OF SALES 18, % 22, % 21, % WAGES & BENEFITS 18, % 25, % 21, % Salaries & Wages - Dining Room 18, % 25, % 21, % 18, % 27, % 18, % Salaries & Wages - Kitchen 18, % 27, % 18, % 5, % 8, % 7, % Payroll Burden 5, % 8, % 7, % 1, % 1, % % Employee Meals 1, % 1, % % 1, % 1, % 1, % Group Insurance 1, % 1, % 1, % % % % Vacation/Holiday % % % % % % 401(k) Program % % % 0 0.0% % % Miscellaneous 0 0.0% % % 46, % 65, % 50, % TOTAL WAGES & BENEFITS 46, % 65, % 50, % OTHER EXPENSES 0 0.0% % 0 0.0% Advertising - Help Wanted 0 0.0% % 0 0.0% % 2, % 2, % Banquet Supplies % 2, % 2, % % % % Cable TV % % % 0 0.0% 0 0.0% 0 0.0% Cash ( Over ) / Short 0 0.0% 0 0.0% 0 0.0% % 1, % % China/Glass/Silverware % 1, % % % % % 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, % % Dues & Subscriptions % 1, % % 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% Kitchen Equipment 0 0.0% % 0 0.0% 1, % 1, % 1, % Laundry & Linen 1, % 1, % 1, % % % % Leased Equipment % % % % % % License & Fees % % % 1, % 1, % % Maintenance Contracts 1, % 1, % % 2, % 1, % % Maintenance & Repairs 2, % 1, % % 0 0.0% % % Marketing & Advertising 0 0.0% % % 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% 7 0.0% % % Miscellaneous 7 0.0% % % 3, % 3, % 4, % Music & Entertainment 3, % 3, % 4, % % % % Office Expense % % % % 1, % 1, % Operating Supplies % 1, % 1, % % % % 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% % 1, % 1, % Uniforms % 1, % 1, % % % % Utensils % % % 15, % 22, % 20, % TOTAL OTHER EXPENSES 15, % 22, % 20, % (25,279) -44.9% (41,115) -58.7% (21,244) -30.3% DEPARTMENTAL PROFIT/(LOSS) (25,279) -44.9% (41,115) -58.7% (21,244) -30.3% 12

15 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. GOLF OPERATIONS DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 GOLF REVENUE 11, % 9, % 8, % Cart Revenue 11, % 9, % 8, % 1, % % % Green Fees 1, % % % 9, % 5, % 5, % Golf Merchandise 9, % 5, % 5, % 2, % 2, % 1, % Club Storage 2, % 2, % 1, % % % % Reciprocal % % % 1, % 1, % 1, % Practice Range 1, % 1, % 1, % % % % 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 % % % % % % Lessons % % % % % 0 0.0% Club Repair % % 0 0.0% 27, % 20, % 17, % TOTAL GOLF REVENUE 27, % 20, % 17, % COST OF SALES 6, % 3, % 3, % Golf Merchandise COS 6, % 3, % 3, % % % % Golf Merchandise Freight COS % % % 0 0.0% % 0 0.0% Golf Merchandise Discounts COS 0 0.0% % 0 0.0% 6, % 3, % 4, % TOTAL COST OF SALES 6, % 3, % 4, % WAGES & BENEFITS 18, % 18, % 16, % Salaries & Wages 18, % 18, % 16, % % % % Commissions/Lessons % % % 2, % 2, % 2, % Payroll Burden 2, % 2, % 2, % % % % Group Insurance % % % % 0 0.0% % Vacation/Holiday % 0 0.0% % 0 0.0% % 3 0.0% 401(k) Program 0 0.0% % 3 0.0% 0 0.0% % 0 0.0% Miscellaneous 0 0.0% % 0 0.0% 22, % 22, % 20, % TOTAL WAGES & BENEFITS 22, % 22, % 20, % OTHER EXPENSES 0 0.0% % 0 0.0% Advertising - Help Wanted 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% % % % Dues & Subscriptions % % % 0 0.0% 0 0.0% 0 0.0% Equipment Rental 0 0.0% 0 0.0% 0 0.0% 4, % 4, % 3, % Leased Equipment 4, % 4, % 3, % % % 1, % Maintenance Contracts % % 1, % 0 0.0% % % Maintenance & Repairs 0 0.0% % % 0 0.0% % 0 0.0% Meals & Entertainment 0 0.0% % 0 0.0% 0 0.0% % % Miscellaneous 0 0.0% % % % % % Office Expense % % % % % % Operating Supplies % % % % % % Paper Products/Water % % % % % % Postage % % % % % % Practice Range % % % % % 0 0.0% Printing % % 0 0.0% % % % Promotions % % % 1, % 1, % 1, % Scorecard & Pencils 1, % 1, % 1, % 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% 1, % 2, % % Uniforms 1, % 2, % % 10, % 12, % 8, % TOTAL OTHER EXPENSES 10, % 12, % 8, % (12,759) % (17,727) -85.0% (15,196) -85.3% DEPARTMENTAL PROFIT/(LOSS) (12,759) -46.5% (17,727) -85.0% (15,196) -85.3%

16 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. TENNIS DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 TENNIS REVENUE % % % Tennis Guest Fees % % % 7, % 14, % 14, % Tennis Merchandise 7, % 14, % 14, % - 0.0% - 0.0% - 0.0% Tennis Miscellaneous - 0.0% - 0.0% - 0.0% 2, % 2, % 2, % Dues - Single 2, % 2, % 2, % % 1, % 1, % Dues - Family % 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 % % % 8, % 7, % 2, % Tennis Camp 8, % 7, % 2, % 11, % 5, % 7, % Tennis Lessons 11, % 5, % 7, % % % % Tennis Stringing % % % - 0.0% - 0.0% - 0.0% Florida Open - 0.0% - 0.0% - 0.0% 32, % 31, % 29, % TOTAL TENNIS REVENUE 32, % 31, % 29, % COST OF SALES 4, % 10, % 11, % Cost of Sales - Tennis Merchandise 4, % 10, % 11, % % % % Cost of Sales - Freight % % % % % % Cost of Sales - Discounts % % % 4, % 10, % 11, % TOTAL COST OF SALES 4, % 10, % 11, % WAGES & BENEFITS 22, % 21, % 19, % Salaries & Wages 22, % 21, % 19, % 4, % 4, % 3, % Commissions/Lessons 4, % 4, % 3, % 4, % 3, % 3, % Payroll Burden 4, % 3, % 3, % 1, % % (73) -0.2% Group Insurance 1, % % (73) -0.2% % % % Vacation/Holiday % % % % - 0.0% - 0.0% 401(k) Program % - 0.0% - 0.0% - 0.0% - 0.0% % Miscellaneous - 0.0% - 0.0% % 33, % 31, % 27, % TOTAL WAGES & BENEFITS 33, % 31, % 27, % OTHER EXPENSES - 0.0% - 0.0% - 0.0% Advertising - Help Wanted - 0.0% - 0.0% - 0.0% % % % Cable TV % % % - 0.0% - 0.0% - 0.0% Cash ( Over ) / Short - 0.0% - 0.0% - 0.0% - 0.0% 1, % 4, % Clay Tennis - 0.0% 1, % 4, % - 0.0% % - 0.0% Cleaning Supplies - 0.0% % - 0.0% % - 0.0% - 0.0% Contract Labor % - 0.0% - 0.0% % % % Credit Card Discount Fees % % % - 0.0% % - 0.0% Decorations - 0.0% % - 0.0% - 0.0% - 0.0% - 0.0% Dues & Subscriptions - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% - 0.0% Florida Open Expense - 0.0% - 0.0% - 0.0% 3, % % % Grounds & Courts 3, % % % % % % Leased Equipment % % % % % % Maintenance Contracts % % % - 0.0% % - 0.0% Maintenance & Repairs - 0.0% % - 0.0% - 0.0% - 0.0% - 0.0% Marketing & Advertising - 0.0% - 0.0% - 0.0% % % % Meals & Entertainment % % % - 0.0% - 0.0% - 0.0% Tennis Member Events - 0.0% - 0.0% - 0.0% % % - 0.0% Tennis Open Events % % - 0.0% - 0.0% - 0.0% % Miscellaneous - 0.0% - 0.0% % % % - 0.0% Office Expense % % - 0.0% % 1, % 1, % Operating Supplies % 1, % 1, % % - 0.0% % Postage % - 0.0% % - 0.0% % - 0.0% Printing - 0.0% % - 0.0% % % % Promotions % % % - 0.0% % - 0.0% Small Tools - 0.0% % - 0.0% % % - 0.0% Stringing Fees % % - 0.0% % % % Telephone % % % 6, % 4, % - 0.0% Tennis Camp 6, % 4, % - 0.0% - 0.0% - 0.0% - 0.0% Travel - 0.0% - 0.0% - 0.0% % % % Uniforms % % % 13, % 12, % 7, % TOTAL OTHER EXPENSES 13, % 12, % 7, % (18,522) -56.3% (22,779) -73.1% (17,037) -58.3% DEPARTMENTAL PROFIT/(LOSS) (18,522) -56.3% (22,779) -73.1% (17,037) -58.3% 14

17 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. MARINA DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 MARINA REVENUE 14, % 16, % 17, % Marina Merchandise/Services 14, % 16, % 17, % 74, % 48, % 35, % Marina Gas Sales 74, % 48, % 35, % 6, % 7, % 7, % Marina Diesel Sales 6, % 7, % 7, % 1, % 2, % 4, % Marina Boat Servicing ( In House ) 1, % 2, % 4, % 59, % 55, % 57, % Marina Boat Servicing ( Subcontractor ) 59, % 55, % 57, % 0 0.0% 0 0.0% % Marina Dock Hook Up 0 0.0% 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% 3, % 2, % 2, % Marina Electric Cord Charge 3, % 2, % 2, % 1, % 1, % 1, % Marina Boat Rental 1, % 1, % 1, % 3, % 3, % 3, % Marina Boat Storage 3, % 3, % 3, % % % % Marina Ramp Fees % % % % 0 0.0% % Marina Miscellaneous Income % 0 0.0% % 162, % 136, % 132, % TOTAL MARINA REVENUE 162, % 136, % 132, % COST OF SALES 9, % 11, % 11, % Merchandise/Service 9, % 11, % 11, % 60, % 41, % 28, % Gasoline 60, % 41, % 28, % 4, % 5, % 6, % Diesel 4, % 5, % 6, % % % % Fuel Use Tax Diesel % % % 50, % 46, % 46, % Subcontractor Work 50, % 46, % 46, % 0 0.0% 0 0.0% 0 0.0% Rental Boat Expense 0 0.0% 0 0.0% 0 0.0% 125, % 104, % 92, % TOTAL COST OF SALES 125, % 104, % 92, % WAGES & BENEFITS 11, % 14, % 11, % Salaries & Wages 11, % 14, % 11, % 4, % 4, % 5, % Commissions 4, % 4, % 5, % 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, % 1, % % 1, % Vacation/Holiday 1, % % 1, % % % % 401(k) Program % % % 0 0.0% % 0 0.0% Miscellaneous 0 0.0% % 0 0.0% 21, % 23, % 22, % TOTAL WAGES & BENEFITS 21, % 23, % 22, % OTHER EXPENSES % % % Cable TV % % % 0 0.0% 0 0.0% (130) -0.1% Cash (over) / Short 0 0.0% 0 0.0% (130) -0.1% 6 0.0% % 0 0.0% Cleaning Supplies 6 0.0% % 0 0.0% 2, % 2, % 1, % Credit Card Discount Fees 2, % 2, % 1, % 0 0.0% % 0 0.0% Decoration 0 0.0% % 0 0.0% % 0 0.0% 0 0.0% Dues & Subscriptions % 0 0.0% 0 0.0% 2, % 3, % 2, % Electric - Boat Docks 2, % 3, % 2, % % % % Gasoline & Oil % % % 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% 5 0.0% Miscellaneous 0 0.0% 0 0.0% 5 0.0% 0 0.0% % % Office Expense 0 0.0% % % % % % Operating Supplies % % % 0 0.0% 5 0.0% 0 0.0% Postage 0 0.0% 5 0.0% 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% 0 0.0% 0 0.0% Security Systems 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 0 0.0% Small Tools 0 0.0% % 0 0.0% % % % Telephone % % % % 0 0.0% % Uniforms % 0 0.0% % % % % Utilities - Electric % % % % % % Utilities - Trash Removal % % % 8, % 9, % 7, % TOTAL OTHER EXPENSES 8, % 9, % 7, % 7, % (626) -0.5% 9, % DEPARTMENTAL PROFIT/(LOSS) 7, % (626) -0.5% 9, % 15

18 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. MISCELLANEOUS DEPARTMENTAL PROFIT & LOSS October 31, 2018 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, % 68, % 66, % Dues - Debt Financing 66, % 68, % 66, % 1, % 1, % % Dues - Pool Membership 1, % 1, % % % % % Finance Charges % % % 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, % 0 0.0% % % Miscellaneous Income - Transmitters 0 0.0% % % % % % Miscellaneous Income % % % 346, % 346, % 338, % Dues - Operating 346, % 346, % 338, % 0 0.0% 0 0.0% 0 0.0% Operating Assessments 0 0.0% 0 0.0% 0 0.0% (100) 0.0% 0 0.0% (120) 0.0% Owner Fees - Discounts (100) 0.0% 0 0.0% (120) 0.0% % % % Owner Transfers Fees % % % 6, % 0 0.0% 0 0.0% Riverside Memberships 6, % 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% 426, % 421, % 412, % TOTAL MISCELLANEOUS REVENUE 426, % 421, % 412, % 16

19 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. ADMINISTRATION & GENERAL DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 32, % 34, % 32, % Salaries & Wages 32, % 34, % 32, % 4, % 4, % 4, % Payroll Burden 4, % 4, % 4, % 3, % 2, % 1, % Group Insurance 3, % 2, % 1, % 3, % 3, % 3, % Bonus 3, % 3, % 3, % 1, % 1, % 1, % Vacation/Holiday 1, % 1, % 1, % 0 0.0% % 1, % Miscellaneous 0 0.0% % 1, % 45, % 46, % 44, % TOTAL WAGES & BENEFITS 45, % 46, % 44, % OTHER EXPENSES 11, % 11, % 11, % Audit/Tax Prep 11, % 11, % 11, % 5, % 5, % 6, % Accounting Fees 5, % 5, % 6, % 1, % 1, % 1, % Bad Debt 1, % 1, % 1, % % % % Bank Fees % % % % % % Cable TV % % % 0 0.0% 0 0.0% (123) 0.0% Cash (Over) / Short 0 0.0% 0 0.0% (123) 0.0% 0 0.0% 0 0.0% 0 0.0% Consulting Fees 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% % % % Credit Card Discount Fees % % % 0 0.0% 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 % % 0 0.0% 1, % 1, % 1, % Leased Equipment 1, % 1, % 1, % 0 0.0% 1, % % Legal Fees 0 0.0% 1, % % % % % Licence & Fees % % % 1, % 1, % 5, % Maintenance Contracts 1, % 1, % 5, % % % % Maintenance & Repairs % % % % % % Meals & Entertainment % % % % 0 0.0% % Member Relations % 0 0.0% % 1 0.0% % % Miscellaneous 1 0.0% % % 4, % 1, % 2, % Office Expense 4, % 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, % % Postage 1, % 1, % % % % % Printing % % % % % % Promotions % % % % % % Storage % % % 1, % 1, % 1, % Telephone 1, % 1, % 1, % 0 0.0% 0 0.0% 0 0.0% Training 0 0.0% 0 0.0% 0 0.0% % % % Travel Expense % % % 0 0.0% % % Uniforms 0 0.0% % % 30, % 31, % 32, % TOTAL OTHER EXPENSES 30, % 31, % 32, % 75, % 78, % 77, % DEPARTMENTAL EXPENSE 75, % 78, % 77, % 17

20 THE LANDINGS YACHT, GOLF & TENNIS CLUB INC. COMMUNITY PATROL DEPARTMENTAL PROFIT & LOSS October 31, 2018 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 22, % 22, % 21, % Salaries & Wages 22, % 22, % 21, % 3, % 3, % 3, % Payroll Burden 3, % 3, % 3, % 0 0.0% 0 0.0% 0 0.0% Employee Meals 0 0.0% 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, % % % % % 401(k) Program % % % 0 0.0% % 0 0.0% Miscellaneous 0 0.0% % 0 0.0% 27, % 28, % 26, % TOTAL WAGES & BENEFITS 27, % 28, % 26, % OTHER EXPENSES 0 0.0% 0 0.0% 0 0.0% Advertising - Help Wanted 0 0.0% 0 0.0% 0 0.0% % % 0 0.0% Auto Expense % % 0 0.0% 0 0.0% 0 0.0% 0 0.0% Contract Labor 0 0.0% 0 0.0% 0 0.0% % % % Gasoline & Oil % % % % % 0 0.0% Gate Maintenance % % 0 0.0% 0 0.0% % 0 0.0% Golf Cart Repairs 0 0.0% % 0 0.0% % % % Leased Equipment % % % 0 0.0% 0 0.0% 0 0.0% License & Fees 0 0.0% 0 0.0% 0 0.0% % % % Maintenance Contracts % % % % % 0 0.0% Maintenance & Repairs % % 0 0.0% 0 0.0% % % Miscellaneous Expense 0 0.0% % % 0 0.0% 0 0.0% 0 0.0% Off Duty Patrols 0 0.0% 0 0.0% 0 0.0% % % % Office Expense % % % 0 0.0% % % Operating Supplies 0 0.0% % % 5, % 5, % 0 0.0% Printing 5, % 5, % 0 0.0% 0 0.0% % % Small Tools 0 0.0% % % % % % Telephone % % % 0 0.0% 0 0.0% 0 0.0% Travel 0 0.0% 0 0.0% 0 0.0% 0 0.0% % 3 0.0% Uniforms 0 0.0% % 3 0.0% % % % Vehicle % % % 8, % 9, % 1, % TOTAL OTHER EXPENSES 8, % 9, % 1, % 36, % 38, % 28, % DEPARTMENTAL EXPENSE 36, % 38, % 28, % 18