2/16/2017 HGRD Cash Balance Report 1

Transcription

1 CASH BALANCES 31-Jan-17 ACCOUNT DESCRIPTON OPERATING ACCOUNTS BANK NAME INT RATE BALANCE as of January 31, 2017 Petty Cash #1010 Cash, Petty Finemark-Operating Funds # % Cash, Operating 1,339, TOTAL OPERATING ACCOUNTS 1,339, RESERVES DEFERRED MAINTENANCE Edison Nat'l Bank-Deferred Maint # % Cash, Reserved 141, TOTAL DEFERRED MAINTENANCE 141, CAPITAL RESERVE Iberia Bank-Capital Funds # % Cash, Reserved 1.18 SBA Fund A - Florida Prime # % Cash, Reserved 41, TOTAL CAPITAL RESERVE 41, EMERGENCY Finemark-Emergency # % Cash, Reserved 53, TOTAL EMERGENCY 53, PROJECTS FineMark-Golf Course Capital Funds # % Cash, Reserved 148, TOTAL PROJECTS 148, AUDIT - GM HALL RESTITUTION FineMark GM Hall Restitution Funds # % Cash, Reserved 100, TOTAL AUDIT - GM HALL RESTITUTION 100, TOTAL RESERVE ACCOUNTS 485, TRUSTEE PROJECT FUND BALANCE RENEWAL & REPLACEMENT U. S. BANK # % Renewal & Replacement 13, TOTAL TRUSTEE BALANCE 13, /16/2017 HGRD Cash Balance Report 1

2 CASH BALANCES 31-Jan-2017 After Pending Transfers ACCOUNT DESCRIPTON OPERATING ACCOUNTS BANK NAME INT RATE BALANCE as of 31-Jan-2017 After Pending Transfers Petty Cash #1010 Cash, Petty Pending Transfers Finemark-Operating Funds # % Cash, Operating 1,339, Capital End of Fiscal Year Reconciliation (138,116.24) Deferred Maintenance End of Fiscal Year Reconciliation (69,886.15) Golf Course Special Improvements Fund Expenses 9, nd Yr Half of New Owner Capital Contribution (95,000.00) 2nd Yr Half of New Owner Capital Contribution (95,000.00) Annual Contingency Fund collected for major 5th yr renovation of Har Tru Tennis Courts (budgeted annually in the contngency acct dept 71) (1,680.00) To Reimburse Missing Outstanding Deposits from Prior MG Embezzlement 36, Reimbursement from Capital to Operating for the remainder of the amount paid to purchase the 15 unplatted lots per board resolution 71, Finemark-Operating Funds after pending transfers 1,056, TOTAL OPERATING ACCOUNTS 1,056, RESERVES DEFERRED MAINTENANCE Pending Transfers Edison Nat'l Bank-Deferred Maint # % Cash, Reserved 141, Deferred Maintenance End of Fiscal Year Reconciliation 69, Annual Contingency Fund collected for major 5th yr renovation of Har Tru Tennis Courts (budgeted annually in the contngency acct dept 71) 1, Edison Nat'l Bank-Deferred Maint after pending transfers 213, TOTAL DEFERRED MAINTENANCE 213, CAPITAL RESERVE Iberia Bank-Capital Funds # % Cash, Reserved 1.18 Pending Transfers SBA Fund A - Florida Prime # % Cash, Reserved 41, Capital End of Fiscal Year Reconciliation 138, nd Yr Half of New Owner Capital Contribution 95, Reimbursement from Capital to Operating for the remainder of the amount paid to purchase the 15 unplatted lots per board resolution -71, Capital Reserve Funds after pending transfers 203, TOTAL CAPITAL RESERVE 203, EMERGENCY Pending Transfer Finemark-Emergency # % Cash, Reserved 53, nd Yr Half of New Owner Capital Contribution 95, Finemark-Emergency after pending transfer 148, TOTAL EMERGENCY 148, PROJECTS Pending Transfer FineMark-Golf Course Capital Funds # % Cash, Reserved 148, Golf Course Special Improvements Fund Expenses -9, FineMark-Golf Course Capital Funds after pending transfer 138, TOTAL PROJECTS 138, AUDIT - GM HALL RESTITUTION Pending Transfer FineMark GM Hall Restitution Funds # % Cash, Reserved 100, To Reimburse Missing Outstanding Deposits from Prior MG Embezzlement -36, FineMark GM Hall Restitution Funds after pending transfer 64, TOTAL AUDIT - GM HALL RESTITUTION 64, TOTAL RESERVE ACCOUNTS 768, TRUSTEE PROJECT FUND BALANCE RENEWAL & REPLACEMENT U. S. BANK # % Renewal & Replacement 13, TOTAL TRUSTEE BALANCE 2/16/2017 HGRD Cash Balance Report 13,909.79

3 Transfers to be made to cash accounts for End of Fiscal Year Operating Capital Deferred Emergency Fund GCM Spec Imp Fund Audit Capital End of Fiscal Year Reconciliation (138,116.24) 138, Deferred Maintenance End of Fiscal Year Reconciliation (69,886.15) 69, Golf Course Special Improvements Fund Expenses 9, (9,817.86) 4 2nd Yr Half of New Owner Capital Contribution (95,000.00) 95, nd Yr Half of New Owner Capital Contribution (95,000.00) 95, Annual Contingency Fund collected for major 5th yr renovation of 6 Har Tru Tennis Courts (budgeted annually in the contngency acct dept 71) (1,680.00) 1, To Reimburse Missing Outstanding Deposits from Prior MG Embezzlement 36, (36,126.00) Reimbursement from Capital to Operating for the remainder of the amount 8 paid to purchase the 15 unplatted lots per board resolution 71, (71,007.05) (282,731.48) 162, , , (9,817.86) (36,126.00)

4 Balance Sheet Filtered By: Show accounts with zero balances is not set Dates: Date Ending 01/31/2017 Account # Account Name This Year Assets Cash, petty $ Due from Fairway $ 195, Due From Meadows $ 125, Cash, Iberia Bank Ca $ FineMark Audit Acct $ 100, Finemark GCM SIF & EF $ 148, State Board Admin-Ca $ 41, Finemark Bank-Emerge $ 53, Finemark - Operating $ 1,339, Edison Natl Bank-Def $ 141, Accounts receivable $ 327, Due from - Irrigation Loan - GC Special $ 43, Due Improvemen from - Irrigation Loan - Emergency $ 100, Fund Accounts receivable, $ Allowance for Bad De ($ 176,749.56) Prepaid insurance $ 48, Prepaid social event $ 3, Prepaid Expenses, ot $ 107, Investments R $ 13, Bond Funds - Revenue $ 1,595, Bond Fund -Prepaymen $ Inventory, Pro Shop, $ 118, Inventory - gas $ 2, Inventory, Herons Nest, food $ 24, Inventory, Herons Nest, beverage $ 18, Equipment $ 830, Capital Lease $ 1,453, Small Capital Improv $ 4, Capital Replacement $ 2,403, Software $ 21, Real Property and Im $ 4,617, Land Lease $ 11,720, Land - WasteWater/Ma $ 538, Land - Pump House-My $ 30, Unplatted TM Land $ 157, Property & Improveme $ 978, Pumphouse Project $ 242, Portico Skylight $ 48, Golf Course Renovati $ 1,242, Parking Lot Project $ 999, CLIS System $ 1,579, Restaurant Project $ 2,401, Clubhouse Project $ 320, Golf Course Maintena $ 1,374, Storm Drain Project $ 36, Effluent Pond Projec $ 336, Fitness Center $ 361, Pump Station 2 Build $ 10, Pump Station-Mystic $ 75, Pump Station-Mystic $ 50, Waste Water Treatmen $ 37,

5 Account # Account Name This Year Accumulated deprecia ($ 10,299,545.04) Special Assessment R $ 21,136, Deposits $ 6, Bond Issuance-2006-N $ 339, Bond Insurance Premi $ 620, Due From (Due to) Fa $ Due From (Due to) Me $ PR Benefits Clearing Acct $ Clearing ($ 2,553.11) Gratuities clearing ($ 15,818.82) Employee Christmas c ($ ) Hole In One Account ($ ) Total Assets $ 48,031, Liabilities Due To Fairway $ 194, Due To Meadows $ 125, Accounts payable, tr $ 135, Sales taxes payable $ 12, Sales Tax Payable-Rental $ Accrued salaries & w $ 109, Other accrued Expens $ 32, GM Hall Restitution $ 82, Due to - Irrigation Loan $ 143, Advanced ticket sale $ 40, Ballroom deposits $ Deposits-Locker Fees $ Groupons to be redeemed $ Gift Certificates - $ 17, Pro Shop credit book $ 12, Deferred assessments $ 252, Deferred assmnts, Ca $ 49, Deferred assessment, $ 27, Deferred assmnts, CL $ 53, Deferred golf, annua $ 867, Deferred annual rang $ 5, Bond Payable $ 20,426, Bond Original Issue ($ 199,758.10) Deferred Loss on Ref ($ 637,279.81) Capital Lease Obliga $ 135, Total Liabilities $ 21,887, Equity Contributed Capital $ 27,644, Capital Lease, Net o $ 251, Association equity(d ($ 4,243,938.24) Retained Earnings-Re $ 850, Profit (Loss) $ 1,640, Total Equity Adjusted for Profit/Loss $ 26,143, Total Liability and Equity $ 48,031, Printed On Feb 16,2017 at 20:36 PM Northstar Technologies 5

6 RECREATION DISTRICT TOTAL VARIANCE REPORT Jan 31, 2017 DEPARTMENT ACTUAL MTD BUDGET MTD VARIANCE OVER (UNDER) ACTUAL YTD BUDGET YTD VARIANCE OVER (UNDER) ADMINISTRATION Operating Revenue Operating Expenses (9308) (18667) Operating Income (28013) (47694) (220448) (247787) Assessment (0) (0) Net Income RESTAURANT Operating Revenue (11476) (30488) Operating Expenses (12555) (18748) Operating Income (8260) (9339) 1078 (82996) (71256) (11740) Assessment Net Income (11740) 0 (11740) CLUBHOUSE Operating Revenue Operating Expenses (1033) (12897) Operating Income (50552) (51586) 1033 (195782) (208679) Assessment Net Income 1033 (0) (0) CLIS Dept. Operating Revenue Operating Expenses (11662) Operating Income (16402) (15554) (848) (59763) (72251) Assessment Net Income (848) 0 (848) Fitness Center Operating Revenue Operating Expenses Operating Income (3335) (2767) (567) (15277) (12550) (2727) Assessment Net Income (567) 0 (567) (2727) 0 (2727) SUBTOTAL Total Operating Revenues (888) (20990) Total Assessments (0) (0) Total Operating Expenses (21265) (59248) Net Income

7 DEPARTMENT ACTUAL MTD BUDGET MTD VARIANCE OVER (UNDER) ACTUAL YTD BUDGET YTD VARIANCE OVER (UNDER) GOLF MAINTENANCE Operating Revenue Operating Expenses Net Income (102756) (96589) (6168) (454631) (445247) (9384) PRO SHOP Operating Revenue Operating Expenses Net Income ALL DEPARTMENTS Total Operating Revenues Total Assessments (0) (0) Total Operating Expenses (14386) (32002) Net Income (25605) From Golf Operations (5758) (18023) (25605) 7582 From Other than Golf Operations

8 HGRD Variance Jan-17 Actual Budget Variance Explanation This Month This Month Over(Under) Administration Concert Series Revenue 24,639 26,690 (2,051) sold 45 less series tickets than budgeted this season Miscellaneous Other Income 16,297 3,869 12,428 Moved GM Hall Restitution credits here from the contingency at the request of the auditors AED Training & Supplies 1, ,529 AED for tennis court area Contingency (9,822) - (9,822) 1 - $19,410 was included in this line item of the budget in November to cover the cost of the 15 unplatted lots' bond assessments. This was being accrued from month to month until the new auditors informed us not to expense the cost of the bond assessments as an operating expense. 2 - The GM Hall Restitution credits that had originally been posted as a credit to this line item have been moved to miscellaneou income at the request of the auditors $9, Restaurant Food Sales 96, ,690 (10,540) Jan15 dining room food sales were $39k, Jan16 were $47k, Jan17 were $37k and the budget was set at 2% above last year's actuals based on optimism that the upward trend would continue Beverage Sales 35,974 37,591 (1,617) Jan15 dining room beverage sales were $9k, Jan16 were $13k, Jan17 $9.6k and the budget was set at 2% above last year's actuals based on optimism that the upward trend would continue COS, Food 33,809 42,676 (8,867) 31.83% food cost to a budget of 40%. Evened out from last month being at 49.18%. YTD % to a budget of 40%. YTD we are at 41.38% to a budget of 40% Payroll, Kitchen 25,389 27,896 (2,507) short number of employees to fill the hours Payroll Kitchen, OT 2, ,946 making up for being short employees in the kitchen Payroll, Service 24,206 25,467 (1,261) scheduled accordingly based on revenue needs H-2B Additional Expenses 2,465-2,465 moved all H-2B living expenses and payroll deductions from the clearing acct into the H-2B expense line per GM Vienne Maintenance & Repairs 2, ,567 beer cooler repair $1009, protein cooler repair $1076 Member Rewards-Food 5,435 6,818 (1,383) in line with food revenue Clubhouse No Significant Variances - CLIS Payroll 13,226 14,259 (1,033) Short one part-time employee 3/4 month Maintenance & Repairs 1, ,259 Repairs to Kawasaki Mule Utility Cart $1,230 Fitness Center No Significant Variances - Golf Maintenance Payroll, OT 2, ,518 making up for being short 1.5 employees for the month of Jan Chemicals 9,297 7,200 2,097 $1864 additional wetting agents due to extremely dry conditions Pro Shop Member Guest Fees 15,888 22,440 (6,552) Since there are less members, there are less member guests, which leaves room for more public play and resident nonmember Public Play Fees 19,811 14,750 5,061 play Pro Shop, MDSE 14,370 11,995 2,375 COS 71% right on budget, better merchandise, better selection Payroll 18,250 17,121 1,129 4 days of extra labor to retreive balls that jumped the barrier out of the pond along #9 tee box due to the high winds 8

9 DEPARTMENTAL INCOME STATEMENT Jan 31, Administration Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 47,694 47,694 (0) 48,202 ASSESSMENTS, BASE 247, ,787 (0) 212, LEASE, RETAIL ,639 26,690 (2,051) 22,592 CONCERT SERIES REVENUE 26,949 29,190 (2,241) 25, HOA ACCOUNTING INCOME 2,532 2, , INTEREST INCOME (28) 862 LATE FEE/MEMBER INTEREST 1,895 3,809 (1,914) 3,809 16,297 3,869 12,428 3,144 MISCELLANEOUS OTHER INCOME 24,745 12,064 12,682 9,164 90,287 79,915 10,373 75,599 TOTAL Income 304, ,011 8, ,636 90,287 79,915 10,373 75,599 Gross Profit Margin 304, ,011 8, ,636 Expenses 28,579 28, ,581 PAYROLL 107, ,406 (6,687) 103, PAYROLL, O.T ,450 3, ,247 PAYROLL TAXES & FEES 17,570 19,243 (1,674) 16,946 4,132 4,234 (103) 4,139 PAYROLL BENEFITS 19,325 16,937 2,389 17,178 20,205 20,670 (465) 16,700 CONCERT SERIES EXPENSES 21,324 21,520 (196) 17,347 1, ,529 0 AED TRAINING & SUPPLIES 2, , COMPLIMENTARY MEALS (330) 836 3,199 3, ,934 COMPUTER SUPPORT 14,059 12,400 1,659 11,737 (9,822) 0 (9,822) 0 Contingency 6,345 25,910 (19,565) 6, CONTINUING EDUCATION 210 2,600 (2,390) 2, (350) 0 DUES & SUBSCRIPTIONS 2, , ,495 1,520 (25) 1,520 ELECTRIC (ALLOCATION) 5,668 6,218 (550) 6, (321) 364 EMPLOYEE APPRECIATION 4,075 5,100 (1,026) 5,229 1,813 1, ,797 INSURANCE (ALLOCATION) 7,250 7, , LEASE EXPENSE (300) 0 LICENSES & TAXES 1,299 1,300 (1) 1,551 1,732 1, ,217 BANK CHARGES 5,779 4,229 1,550 4,573 2,095 1, ,868 OFFICE EQUIPMENT 11,234 5,960 5,274 6, ,000 (77) 1,208 OFFICE SUPPLIES 3,684 4,000 (316) 4, (300) 800 POSTAGE 2,010 3,052 (1,042) 3,052 8,316 9,186 (870) 8,585 PROFESSIONAL FEES 40,573 38,744 1,829 34, FORENSIC AUDIT REC DISTRICT SOCIAL EVENT 727 1,200 (473) ,395 SERVICE CONTRACTS , (329) 779 TELEPHONE (ALLOCATION) 2,289 3,300 (1,011) 3, (344) 555 TRAVEL (47) UNIFORM WATER (ALLOCATION) (3) ,607 79,915 (9,308) 74,103 TOTAL Expenses 277, ,011 (18,667) 258,644 19, ,681 1,496 Net Income/(Loss) 27, ,339 (4,008)

10 DEPARTMENTAL INCOME STATEMENT Jan 31, Restaurant Actual This Mth Variance Actual Same Actual Year YTD Varianc Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 9,339 9, ,212 ASSESSMENTS, BASE 71,256 71, ,207 37,288 47,908 (10,620) 46,968 FOOD SALES-DINING ROOM 126, ,773 (22,195) 145,856 9,675 13,657 (3,982) 13,389 BEVERAGE SALES-DINING ROOM 35,078 37,461 (2,383) 36,726 33,530 37,418 (3,888) 34,072 FOOD SALES - LOUNGE 111, ,291 (9,437) 117,818 20,142 19, ,792 BEVERAGE REVENUE - LOUNGE 70,264 67,161 3,103 67,161 18,976 18, ,672 CATERING FOOD-RESIDENTS 54,534 64,082 (9,548) 57,899 4,205 3, ,574 CATERING BEVERAGES- RESIDENTS 16,207 16,271 (64) 14,792 6,356 2,770 3,586 2,577 CATERING FOOD-OUTSIDE 23,660 18,310 5,350 8,951 1, , CATERING BEVERAGE-OUTSIDE 9,600 4,750 4,850 1,954 1,681 1, CATERING, OTHER REVENUES 5,835 6,000 (165) , ,620 (11,476) 152,882 TOTAL Income 524, ,354 (30,488) 538,658 Cost of Revenues 30,607 42,676 (12,069) 41,475 COS, FOOD 131, ,983 (9,972) 130,496 9,190 9,398 (208) 9,311 COS, BEVERAGE 32,623 31,411 1,212 29,881 39,796 52,074 (12,278) 50,786 TOTAL Cost of Revenues 163, ,393 (8,760) 160, , , ,096 Gross Profit Margin 361, ,961 (21,729) 378,281 Expenses 25,389 27,896 (2,508) 27,138 PAYROLL, KITCHEN 96,433 96, ,938 2, ,946 9 PAYROLL, KITCHEN, OT 6,605 1,150 5, ,206 25,467 (1,260) 24,807 PAYROLL, SERVICE 90,320 89, , PAYROLL, SERVICE, OT ,745 14,243 (498) 13,219 PAYROLL TAXES & FEES 43,767 65,982 (22,215) 59,002 3,905 4,637 (732) 4,187 PAYROLL BENEFITS 15,109 17,069 (1,960) 15,613 2, ,065 0 H-2B Additional Expenses 15, , (52) 500 ADVERTISING 1,393 1,600 (207) 2, CHEMICALS CLUBHOUSE FACILITY IMPROVEMENTS CLEANING SUPPLIES 2,366 2, , (351) 993 COMPLIMENTARY MEALS 1,507 1,950 (444) 2, CONTINUING EDUCATION , (186) 338 DISHES & GLASSWARE (559) 1, (100) 100 DUES & SUBSCRIPTIONS (300) 795 3,456 3,514 (58) 3,514 ELECTRIC (ALLOCATION) 13,107 14,379 (1,272) 14, (137) 592 EMPLOYEE MEALS 1,556 1,651 (95) 2, Entertainment-Dining Room 2,035 2,835 (800) 2,865 1,450 1, ,500 ENTERTAINMENT LOUNGE 5,450 5, ,150

11 Actual This Mth Variance Actual Same Actual Year YTD Varianc Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr ENTERTAINMENT/DECORATIONS 5 3,429 (3,424) 3, Equipment Rental GRATIS FOOD/BEV 1,570 2,167 (597) 2,167 1,208 1, ,198 INSURANCE (ALLOCATION) 4,833 4, , LEASE 2,799 2, , LICENSES & TAXES ,227 2,496 (269) 2,496 LINEN 9,407 7,785 1,622 7,785 2, , MAINTENANCE & REPAIRS 5,415 3,200 2,215 2,897 5,435 6,818 (1,382) 6,099 MEMBER REWARDS-FOOD 19,762 21,578 (1,816) 21,331 2,533 2,793 (260) 2,688 MEMBER REWARDS-BEVERAGE 8,976 8, , OFFICE SUPPLIES 2, ,361 1, (503) 951 PROPANE GAS 4,229 5,879 (1,650) 5, Resident Event Decoration/Ent (1,664) 0 (1,664) REFUSE 2,746 2, , RENTAL ,050 1, ,140 SERVICE CONTRACTS 4,181 2,855 1,326 2, (75) 0 Small Equipment-Kitchen (300) 537 2,039 2, ,228 SUPPLIES 6,930 8,000 (1,070) 8, TELEPHONE (ALLOCATION) (75) 0 TRAVEL (225) 300 (525) UNIFORM 980 1,500 (520) 2, UTENSILS WATER (ALLOCATION) 2,816 2,845 (29) 2, , ,546 (277) 99,882 TOTAL Expenses 372, ,961 (9,989) 374,622 1, ,078 2,213 Net Income/(Loss) (11,740) 0 (11,740) 3,660

12 DEPARTMENTAL INCOME STATEMENT 30 - Golf Maintenance Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Expenses 39,210 38, ,893 PAYROLL 156, ,022 2, ,573 2, ,518 1,424 PAYROLL, O.T. 9,349 3,805 5,544 6,174 7,013 6, ,097 PAYROLL TAXES & FEES 26,171 31,894 (5,723) 31,820 5,066 4, ,725 PAYROLL BENEFITS 19,495 19,967 (472) 16, CASUAL LABOR ,297 7,200 2,097 7,654 CHEMICALS 38,599 31,700 6,899 31, Contingency (15) 660 CONTINUING EDUCATION , Contract Labor - Technical DUES & SUBSCRIPTIONS (375) 375 2,502 2, ,253 ELECTRIC (ALLOCATION) 10,191 8,656 1,535 8, EQUIPMENT RENTAL ,077 6, ,844 FERTILIZER 32,435 32, ,426 1, FIELD SUPPLIES 15,755 11,204 4,551 9,995 2,002 1, GASOLINE 8,815 8, ,588 1,933 1, ,917 INSURANCE (ALLOCATION) 7,733 7, , ,500 (554) 1,494 IRRIGATION 2,870 6,000 (3,130) 4, (400) 1,160 LANDSCAPE PLANT/SUPPLIES 18,773 22,800 (4,027) 16,389 12,796 13,219 (422) 18,500 LEASE 51,648 54,202 (2,554) 71, MAINTENANCE & REPAIRS ,027 4,964 4, ,685 MAINTENANCE, EQUIPMENT 24,850 18,200 6,650 19, (125) 32 OFFICE SUPPLIES (6) (316) 203 REFUSE 2,555 2, ,413 1,952 1, ,754 SEED, SOD, SAND 8,665 9,000 (335) 8, SERVICE CONTRACTS 11,162 12,380 (1,218) 12, (345) 104 SMALL TOOLS 1,430 2,200 (770) 1, (4) 491 TELEPHONE (ALLOCATION) (153) 1, (50) 187 TRAVEL (200) UNIFORM 3,851 3, , (29) 350 WATER (ALLOCATION) 1,167 1,562 (396) 1, ,756 96,589 6, ,372 TOTAL Expenses 454, ,247 9, ,652 (102,756) (96,589) (6,168) (100,372) Net Income/(Loss) (454,631) (445,247) (9,384) (449,652)

13 DEPARTMENTAL INCOME STATEMENT 60 - Pro Shop As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 108, , ,186 MEMBERSHIP FEES 424, ,275 7, , ANNUAL RANGE MEMBERSHIP 2,048 2,292 (244) 1,773 15,888 22,440 (6,553) 12,200 Member Guest Fees 40,181 42,469 (2,288) 32,235 19,811 14,750 5,061 11,952 Public Play Fees 43,648 32,755 10,893 26,282 21,425 21, ,568 Resident Non-Member Fees 51,798 49,171 2,627 45, (290) 977 RANGE FEES 1,927 2,084 (157) 2,084 14,370 11,995 2,375 7,995 PRO SHOP, MDSE 51,743 33,375 18,368 29, PRO SHOP, FOOD & BEVERAGE 1,241 1,295 (54) (75) 0 Pro shop, club rental (330) 60 0 Pro Shop, discounts (161) 324 MISCELLANEOUS OTHER INCOME (43) 1,200 (1,243) 1, , ,028 1, ,858 TOTAL Income 617, ,316 34, ,080 Cost of Revenues 8,913 8, ,686 COS, PRO SHOP, MDSE 38,458 23,696 14,762 21, (116) 0 COS, PRO SHOP, FOOD&BEVERAGE (138) COS,PRO SHOP,BEVERAGE ,991 8, ,686 TOTAL Cost of Revenues 39,162 24,538 14,624 21, , , ,172 Gross Profit Margin 577, ,778 20, ,624 Expenses 18,250 17,121 1,129 17,110 PAYROLL 68,584 68,939 (355) 69, ,052 (106) 0 PAYROLL, O.T. 1,888 1, ,394 3, ,694 PAYROLL TAXES & FEES 11,543 13,837 (2,294) 10, ,023 (146) 741 PAYROLL BENEFITS 3,460 4,092 (631) 2, (50) 75 ADVERTISING 6,321 1,950 4, (2,100) CONTINUING EDUCATION 2,850 3,515 (665) 0 1,250 1,250 0 (40) DUES & SUBSCRIPTIONS 1,560 1, ,560 1,303 1,332 (29) 1,332 ELECTRIC (ALLOCATION) 4,945 5,449 (504) 5, (323) 157 FIELD SUPPLIES 6,050 3,800 2,250 3, GASOLINE (133) 566 2,538 2, ,516 INSURANCE (ALLOCATION) 10,150 10, ,063 2,388 2,550 (163) 2,088 LEASE 8,426 7, , MAINTENANCE & REPAIRS (65) 169 OFFICE SUPPLIES 1,141 1, , RANGE BALLS & MATS 8,316 8, REFUSE (0) 315 SERVICE CONTRACTS 1,260 1,260 (0) 1, TELEPHONE (ALLOCATION) (328) 0 TRAVEL (328) UNIFORM 1,629 1, WATER (ALLOCATION) (3) ,158 32, ,295 TOTAL Expenses 141, ,136 3, , , , ,877 Net Income/(Loss) 436, ,642 16, ,580

14 DEPARTMENTAL INCOME STATEMENT 70 - Clubhouse,Pool,Spa As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 51,586 51, ,223 ASSESSMENTS, BASE 208, , , MISCELLANEOUS INCOME 12,000 12, ,586 51, ,223 TOTAL Income 220, , ,584 51,586 51, ,223 Gross Profit Margin 220, , ,584 Expenses 11,595 11, ,057 PAYROLL 45,074 45,916 (843) 37, PAYROLL, O.T. 1, , ,137 1, ,449 PAYROLL TAXES & FEES 7,269 8,890 (1,620) 7,910 1,394 2,005 (610) 1,828 PAYROLL BENEFITS 4,463 8,018 (3,555) 6, (22) 0 CHEMICALS 1,512 1, , ,638 CLUBHOUSE-FACILITY IMPROVEMEN ,648 1, CLEANING SUPPLIES 3,283 3, , CONTINGENCY 0 1,680 (1,680) (50) 0 CONTINUING EDUCATION (200) 409 3,379 3,458 (79) 3,458 ELECTRIC (ALLOCATION) 12,790 14,086 (1,296) 14, (458) 0 FOUNTAINS (ELECTRIC) 0 1,832 (1,832) 1, (75) 0 Fountain & Bubbler Maintenanc 4,420 1,000 3, GASOLINE (11) (275) 200 SMALL EQUIPMENT SOUND 0 1,100 (1,100) 461 2,719 2, ,695 INSURANCE (ALLOCATION) 10,875 10, ,782 3,075 3,575 (500) 3,935 LANDSCAPE PLANT/SUPPLIES 16,936 24,555 (7,619) 23,778 1,399 1,515 (116) 1,399 LEASE 5,671 6,060 (389) 5, LICENSES & TAXES (100) 107 5,554 6,000 (446) 5,836 MAINTENANCE & REPAIRS 23,161 24,000 (839) 23, MAINTENANCE, POOL 2,996 1,600 1,396 1, OFFICE SUPPLIES (12) 0 (12) 17 PROPANE GAS (9) 265 REFUSE 1,144 1,178 (34) 1, (40) 0 RENTAL (160) 0 1,208 1,208 (0) 1,173 SECURITY 4,831 4,831 (0) 4,690 11,812 12,007 (195) 11,915 SERVICE CONTRACTS 46,986 48,542 (1,556) 47, (100) 0 SMALL TOOLS (400) TELEPHONE (ALLOCATION) (39) 0 TENNIS COURT MAINTENANCE 1, (50) 0 TRAVEL (144) UNIFORM (500) WATER (ALLOCATION) 2,713 2,926 (213) 2,926 1,908 1, ,466 Effluent Water 9,437 5,384 4,053 5,384 50,552 51,586 (1,033) 47,822 TOTAL Expenses 207, ,679 (12,897) 210,410 1,033 (0) 1,033 3,401 Net Income/(Loss) 12,897 (0) 12,897 7,174

15 INCOME STATEMENT 76 - CLIS As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over(Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 15,554 15, ,929 ASSESSMENTS, BASE 72,260 72, ,910 13,027 13, ,440 CLIS Income 60,487 60, , MISCELLANEOUS OTHER INCOME 1, ,845 28, ,369 TOTAL Income 133, , ,843 28,845 28, ,369 Gross Profit Margin 133, , ,843 Expenses 13,226 14,259 (1,034) 12,690 PAYROLL 52,298 56,592 (4,294) 50, PAYROLL, O.T. 1, ,247 2,513 2, ,969 PAYROLL TAXES & FEES 9,017 11,809 (2,792) 10, ,487 (835) 991 PAYROLL BENEFITS 1,952 5,948 (3,996) 3, COMPUTER SUPPORT CONTINUING EDUCATION (300) (150) 0 Contract Labor - Technical (600) DUES & SUBSCRIPTIONS ,870 2, ,528 ELECTRIC (ALLOCATION) 11,426 10, , GASOLINE ,269 1, ,258 INSURANCE (ALLOCATION) 5,075 5, , LEASE 6,638 6, , LICENSES & TAXES , ,259 0 MAINTENANCE & REPAIRS 2, , ,061 4, ,812 PARTS & SUPPLIES 17,554 17,667 (113) 18, (50) 0 OFFICE SUPPLIES (176) SERVICE CONTRACTS PUMP MAINTENANCE 7,810 9,122 (1,312) 9, RENTAL SEED, SOD, SAND (50) 0 SMALL TOOLS (200) TELEPHONE (ALLOCATION) TRAVEL 0 1,500 (1,500) 1, UNIFORM 1,486 1, , WATER (ALLOCATION) ,250 Effluent Water 2,650 2, ,900 29,694 28,630 1,063 27,498 TOTAL Expenses 121, ,938 (11,662) 122,442 (848) 0 (848) 1,872 Net Income/(Loss) 12, ,488 6,401

16 DEPARTMENTAL INCOME STATEMENT 77 - Fitness Center As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Income 2,767 2, ,057 ASSESSMENTS, BASE 12,550 12, ,941 2,767 2, ,057 TOTAL Income 12,550 12, ,941 2,767 2, ,057 Gross Profit Margin 12,550 12, ,941 Expenses CLEANING SUPPLIES 1, ELECTRIC (ALLOCATION) 2,351 2,526 (176) 2, (183) 916 FITNESS CENTER MAINTENANCE 4,216 1,664 2,552 3, INSURANCE (ALLOCATION) 2,417 2, ,396 1, LEASE 4,429 4, , LICENSES & TAXES REFUSE (0) SERVICE CONTRACTS TELEPHONE (ALLOCATION) (6) 115 WATER (ALLOCATION) (34) 357 3,335 2, ,965 TOTAL Expenses 15,277 12,550 2,727 12,562 (567) 0 (567) 92 Net Income/(Loss) (2,727) 0 (2,727) (621)

17 DEPARTMENTAL INCOME STATEMENT 90 - Debt Service As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD Total Yr This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Budget Income DEBT SERVICE-SPECIAL ASSESSME TOTAL Income Gross Profit Margin Other Income(Loss) INTEREST EXPENSE TOTAL Other Income (Loss) Net Income/(Loss)

18 DEPARTMENTAL INCOME STATEMENT 92 - Revenue Fund Income As of January 31, 2017 Actual This Mth Variance Actual Same Actual Year YTD Variance Actual YTD Total Yr This Month Budget Over (Under) Mth Last Yr To Date Budget Over (Under) Last Yr Budget Income INTEREST INCOME TOTAL Income Gross Profit Margin Net Income/(Loss)

19 DEPARTMENTAL INCOME STATEMENT 93- Non-Operating Income As of 01/31/17 Actual This Mth Variance This Month Budget Over (Under) Actual Same Mth Last Yr To Date Budget Actual Year YTD Variance Actual YTD Total Yr Over (Under) Last Yr Budget Income ASSESSMENTS, CAPITAL RESERVE DEFERRED MAINTENANCE REVENUE NEW OWNER WORKING CAPITAL MISCELLANEOUS INCOME TOTAL Income Gross Profit Margin Expenses DEPRECIATION MAINTENANCE & REPAIRS FORENSIC AUDIT TOTAL Expenses (44603) 0 (44603) (53946) Net Income/(Loss) (256633) 0 (256633) (213393) 0

20 Restaurant Percentages As of Jan 31, 2017 Restaurant Variance Report Month to Date Budget Year to Date Budget Food Dining Room 37,288 47, , ,773 Food Lounge 33,530 37, , ,291 Catering Residents 18,976 18,594 54,534 64,082 Catering Food - outside 6,356 2,770 23,660 18,310 TOTAL FOOD REVENUE 96, , , ,456 COG Food 30,607 42, , ,983 Percentage Revenue/COG Food 31.83% 40.00% 41.38% 40.00% Beverage Dining Room 9,675 13,657 35,078 37,461 Beverage Lounge 20,142 19,792 70,264 67,161 Beverage Catering-Residents 4,205 3,393 16,207 16,271 Beverage Catering-Outside 1, ,600 4,750 TOTAL BEVERAGE REVENUE 35,974 37, , ,642 COG Beverage 9,190 9,398 32,623 31,411 Percentage Revenue/COGS Bev 25.54% 25.00% 24.87% 25.00% PAYROLL PERCENTAGE Catering, other Revenue 1,681 1,000 5,835 6,000 Total Operating Revenue 133, , , ,098 Total Payroll 69,371 72, , ,329 % Payroll/Operating Revenue 51.84% 49.83% 55.69% 55.84% Member Rewards-Food 5,435 6,818 19,762 21,578 Member Rewards-Beverage 2,533 2,793 8,976 8,736 % of food revenue coming from residents 76.75% 79.90% 82.88% 79.90% % of bev revenue coming from residents 84.95% 83.50% 85.21% 83.50%

21 HGRD Deferred Maintenance Reconciliation as of January 31, 2017 Qtr. 1 transfer 46, Oct16-Dec17 Qtr. 2 transfer 46, Jan17-Mar17 Qtr. 3 transfer Apr17-June17 Qtr. 4 transfer July17-Sept17 93, Deferred Maintenance Expenditures Oct-16 Home Depot / / , Ballroom Fans Jan-17 Creative Path and Curb, Inc. Inv# , Cart Path Repair Oct-16 Home Depot / Clubhouse Roof Cleaning Nov-16 Supplyworks # Clubhouse Roof Cleaning - Bleach Nov-16 Home Depot # Clubhouse Roof Cleaning - Wet it and Forget it Oct-16 Amazon.com 3, Handicap Access for ballroom bathrooms Nov-16 Home Depot # / Handicap Access for ballroom bathrooms Nov-16 Business Card 10/12/ Handicap Access for ballroom bathrooms Dec-16 Home Depot Credit Services Inv# Handicap Access for ballroom bathrooms Dec-16 Business Card Platinum Plus - One Point Partition, LLC Handicap Access for ballroom bathrooms Oct-16 Golden Golf Svcs #1951/1961/ , Palmetto Trimming Oct-16 Everglades Pinestraw #10134/ , Palmetto Trimming - Pinestraw Oct-16 Go Figgers, Inc #393/ Palmetto Trimming - Removal Nov-16 Go Figgers, Inc # Palmetto Trimming - Removal Nov-16 Thomas Valentine dba PickleBall Goodies 10/18/ Pickleballs Nov-16 Richard Sanders Member Acct Credit Pickleballs Dec-16 Home Depot Credit Services Inv# Pro Shop Christmas tree & stand Dec-16 Home Depot Credit Services Inv# Pro Shop Christmas tree & stand Dec-16 Browning's Nursery & Landscaping, I Inv# , Tree Replacement Oct-16 Gulf Coast Tree Experts , Tree Trimming Dec-16 Gulf Coast Tree Experts Inv# , Tree Trimming Dec-16 Gulf Coast Tree Experts Inv# , Tree Trimming Jan-17 Gulf Coast Tree Experts Inv# , Tree Trimming/removal Nov-16 Extreme Golf Course Underwater # , Turbidity Barrier - 8 anchors installed Dec-16 Crowther Roofing Inv# A , Yearly Roof Check 71, Variance 22,383.52

22 HGRD Capital Reconcilation as of January 31, 2017 Qtr. 1 transfer 85, Oct16-Dec16 Qtr. 2 transfer 85, Jan17-Mar17 Qtr. 3 transfer Apr17-June17 Qtr. 4 transfer July17-Sept17 171, Capital Expenditures Oct-16 Golden Golf Services LLC 5, Pickleball landscape Jan-17 Home Depot Pickleball Fence drop off area Jan-17 Home Depot Pickleball Jan-17 Home Depot Pickleball Jan-17 Home Depot Pickleball Jan-17 Lowe's Pickleball Jan-17 Amazon.com Pickleball water cooler Jan-17 Lowe's Pickleball Jan-17 Lowes Pickleball asphalt 7, Donations Variance 164, Capital Expenditures to be added to fixed asset list but not pd by capital account