Polo Park Golf Course Proposed 2024 Budget
|
Budget Category |
2023 Budget Amount |
Jan - Dec 23
Actuals |
$ Over Budget |
% of Budget |
2024 Proposed Budget |
Note |
|
Profit/Loss |
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
Balance Brought
Forward |
$ 18,697.65 |
$ 14,003.43 |
|
|
$ 14,000.00 |
|
|
Interest Income |
|
$ 1.69 |
|
|
$ - |
|
|
Total Income |
$ 112,000.00 |
$ 126,087.96 |
$ 14,087.96 |
112.58% |
$ 136,000.00 |
|
|
Total Assets |
$ 130,697.65 |
$ 140,093.08 |
$ 9,395.43 |
107.19% |
$ 150,000.00 |
|
|
Expenses |
|
|
|
|
|
|
|
Pro Shop
Supplies |
|
$ 1,640.47 |
|
|
$ 1,700.00 |
|
|
Payroll Service
Fees |
$ 5,000.00 |
$ 4,687.98 |
$ (312.02) |
93.76% |
$ 5,000.00 |
Was Payroll Service |
|
Equipment Lease |
$ 1,000.00 |
$ 862.65 |
$ (137.35) |
86.27% |
$ 1,000.00 |
Was Equipment Rental |
|
Depreciation Expense |
|
$ 14,574.06 |
|
|
$ - |
|
|
Total Electric |
$ 20,000.00 |
$ 13,083.98 |
$ (6,916.02) |
65.42% |
$ 13,500.00 |
|
|
Bank Service Charges |
|
$ 12.00 |
|
|
$ 20.00 |
|
|
Credit Card
Processing |
$ 4,000.00 |
$ 4,928.70 |
$ 928.70 |
123.22% |
$ 5,000.00 |
|
|
Equipment Purchases |
$ 2,000.00 |
$ 682.29 |
$ (1,317.71) |
34.12% |
$ 2,000.00 |
Was New Equipment |
|
Janitorial Supplies |
$ 100.00 |
$ - |
$ (100.00) |
0.0% |
$ - |
|
|
License, Permits
and Fees |
$ 650.00 |
$ 557.50 |
$ (92.50) |
85.77% |
$ 600.00 |
|
|
Total M & R Golf Course |
$ 43,500.00 |
$ 33,506.12 |
$ (9,993.88) |
77.03% |
$ 52,000.00 |
|
|
Miscellaneous |
|
$ 43.97 |
|
|
$ - |
|
|
Total Office
Supplies & Equipment |
|
$ 287.84 |
|
|
$ 300.00 |
|
|
Total Payroll
Tax Expense |
$ 7,000.00 |
$ 7,546.94 |
$ 546.94 |
107.81% |
$ 7,800.00 |
|
|
Total Payroll
Wage Expenses |
$ 90,000.00 |
$ 94,343.90 |
$ 4,343.90 |
104.83% |
$ 105,100.00 |
|
|
Total Pro Shop Items
to Sell |
$ 3,000.00 |
$ 6,907.42 |
$ 3,907.42 |
230.25% |
$ 4,650.00 |
Was Pro Shop Merchandise |
|
Total Expenses |
$ 176,250.00 |
$ 183,665.82 |
$ 7,415.82 |
104.21% |
$ 198,670.00 |
|
|
|
|
|
||||
|
Net Income/Expenses |
$ (45,552.35) |
$ (43,572.74) |
$ 1,979.61 |
95.65% |
$ (48,670.00) |
|
|
HOA Contribution to Golf |
$ 47,000.00 |
$ 40,000.00 |
$ (7,000.00) |
$ 54,000.00 |
$ 47,000.00 |
|
|
|
$ 1,447.65 |
$ (3,572.74) |
|
|
$ (1,670.00) |
|
