10 minute read
2022 Board Budget
Line #
1 REVENUES 2 Assessment revenue 3 Annual Dues (excluding restaurant credit assessment) 4 Sewer (shared septic) annual assessment
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5 Less Bad debt / uncollected allowance 6 Total assessment revenue: 7 8 Various administrative revenue 9 Fine / citation revenue 10 Tenant registration fee 11 Resale certificate revenue 12 Late fees on accrued (billed) revenue 13 A&B and other compliance permit fees 14 Facility rental income 15 Rental property net income 16 Other administrative revenue
17 Less Bad debt / uncollected allowance 18 Total of various administrative revenue 19 20 General amenity & recreation revenue 21 Optional recreation revenue- boat racks, snowmobile 22 Optional recreation revenue- bus trips 23 Optional amenity fees- camp registration 24 Optional amenity fees- annual pool user fee - extended family 25 Optional fees- pool passes - daily extended fam; guest 26 Optional amenity fees- tennis fees (non members and racquets) 27 Total of general amenity & recreation revenue 28 29 Golf amenity revenue 30 Golf annual membership fees 31 Golf daily green(resident non-member) fees 32 Golf cart fees - 9 holes 33 Golf cart fees - 18 holes 34 Walking fee 35 Golf guest (non-member) fees & guest books 36 Golf card fees 37 Golf tournaments 38 Other / Misc Golf Income (LEAGUE PLAY) 39 Promotional play, misc, other 40 Total of golf amenity revenue: 41 42 Restaurant amenity revenue 43 Restaurant food & beverage credit assessment 44 Less Bad debt / uncollected 45 Credit assessment discount expense 46 *Subtotal: Food credit assessment and usage: 47 48 Restaurant liquor/wine sales 49 Restaurant beer sales 50 Restaurant regular food sales 51 Less: Rest Food 52 Restaurant banquet sales - food 53 Restaurant banquet sales - bar 54 Halfway house sales 55 Pool snack shop sales
APPROVED FOR POSTING
2,383,800 10,725
(286,100) 2,108,425
70,000 220,000 35,400 205,000 4,000 8,900 8,900
(66,300) 485,900
3,650 6,500 1,275 8,500 -
19,925
220,000 9,400 18,000 71,000 1,500 45,000 10,000 65,000 37,000 29,700 506,600
74,550 (8,900) (35,000) 30,650
67,900 34,400 188,000 120,500 26,200 65,100 26,800
71 Interest income (unrestricted) 72 73 TOTAL OF REVENUES 74 75 EXPENSES 76 77 General & administrative expenses 78 Salaries 79 Payroll taxes 80 Employee benefit expenses 81 Office supplies & expense 82 Service agreements 83 Lease expense - copier 84 Postage & courier 85 Utilities (heat, water, electricity) 86 Telephone expense 87 Travel expenses (mileage) 88 Data processing - (payroll & payroll taxes) 89 Dues / subscriptions / seminars 90 Bank & credit card processing fees 91 Board of Directors expense 92 General membership meeting expenses 93 Crime watch - mileage 94 Weathervane Publication 95 Employee meals 96 Real estate taxes 97 Insurance expense 98 Professional fees 99 Promotion 100 Miscellaneous expenses 101 Total general & administrative 102 103 General maintenance expenses 104 Salaries 105 Payroll taxes 106 Employee benefit expenses 107 Uniform expense 108 Maintenance supplies - general 109 Maintenance supplies - tools & equipment 110 Maintenance supplies - paper products 111 Maintenance supplies - keys & locks 112 Repairs & maintenance - general facility 113 Repairs & maintenance - roads 114 Repairs & maintenance - vehicles 115 Repairs & maintenance - tools & equipment 116 Cleaning supplies 117 Repairs & maintenance - plumbing & electrical 118 Repairs & maintenance - HVAC 119 Repairs & maintenance - common grounds 120 Lake & beach maintenance 121 Trash removal 122 Snow removal expenses (salt, cinders, etc) 123 Fuel 124 Landscaping maintenance on common areas 125 Animal control 126 Shared (owners) septic maintenance & repair 127 Common septic maintenance & repair 128 Total general maintenance 129 130 Security / public safety expenses 131 Salaries
56 Other / misc restaurant income 57 *Subtotal - restaurant sales: 58 59 Total of restaurant amenity revenue 60 61 Community & Fitness Center Revenue 62 Fitness center annual memberships - revenue 63 Fitness center daily memberships - revenue 64 Fitness center monthly & seasonal revenue 65 Fitness center classroom/instructional revenue 66 Fitness center locker usage revenue 67 Other fitness center revenue 68 Total of community & fitness center revenue 69 70 Miscellaneous revenue
528,900
559,550
31,100 3,600 4,500 13,400 100
52,700
27,500
132 Payroll taxes 133 Employee benefit expenses 134 Uniform expense 135 Operating supplies 136 Security vehicle(s) repair & maintenance 137 Fuel 138 Classes, seminars, training 139 Total security / public safety 140 141 General amenity & recreation expense 142 Salaries 143 Payroll taxes 144 Employee benefit expenses 145 Badges and related costs 146 Pool/beach operating supplies &expense 147 Bus trip expense 148 Tennis courts operating supplies 149 Kids camp operating supplies
3,764,900
421,500 49,000 49,400 17,500 32,300 10,200 12,500 56,300 12,000 800 3,700 5,300 67,000 8,300 6,300 11,300 5,900 200 94,500 27,800 22,800 3,000 917,600
193,100 22,500 51,100 1,500 4,300 2,100 4,500 300 32,000 3,400 6,000 1,500 2,200 1,800 1,100 600 3,500 413,000 4,200 7,900 1,200 7,900 4,000 769,700
133,600 15,500 20,100 500 700 500 2,600 1,000 174,500
109,400 12,400 1,800 60,300 -
Continued...
145 Badges and related costs 146 Pool/beach operating supplies &expense
60,300
223 Copier & printing expenses 224 Repair & Maintenance
147 Bus trip expense 148 Tennis courts operating supplies 149 Kids camp operating supplies 150 Swim team expenses 151 Fish stocking expense 152 Entertainment for membership - general 153 Entertainment - 4th of July 154 Various recreation activity expenses 155 Portable bathroom expense 156 Seminars / training 157 Licenses & Permits
1,500 1,000 1,500 20,600 14,000 9,000 -
225 Utilities - water usage, gas, electricity 226 Telephone - Alarm line 227 Dues & subscriptions 228 Class expenses 229 Credit card processing fees 230 Insurance (fitness center portion) 231 Promotion & membership material 232 Misc expenses 233 Total of Community & Fitness Center Expense 234 235 TOTAL OF EXPENSES
2,100 1,000 1,200 600 4,600 400
14,100 800 2,400 -
58,600
3,511,200
158 Total general amenity & recreation expense 159 160 Golf amenity expenses 161 Salaries - Pro shop & related 162 Salaries - Golf maintenance 163 Payroll taxes 164 Employee benefit expenses 165 Uniform expense 166 Golf Pro expenses allowed 167 Temporary help / outside contractors 168 Proshop operating supplies & expenses 169 Golf cart electricity 170 Lease expense - golf carts 171 Lease expense - golf equipment 172 Equipment rental (short term) 173 Course equipment R&M 174 Course equipment fuel & lubricants 175 Portable bathroom expense 176 Licenses & permits 177 Course accessories 178 Course chemicals 179 Course fertilizer 180 Course landscape mulch 181 Course drain & irrigation maintenance 182 Course seed & sod 183 Course top soil and sand 184 Course tools 185 Course safety equipment 186 Course irrigation operation - electricity 187 Topdressing 188 Course flowers & plant material 189 Other course maintenance expenses 190 Superintendent expenses allowed 191 Total golf amenity 192 193 Restaurant amenity expenses 194 Cost of Goods Sold 195 196 197 Salaries - Front of House 198 Salaries - Back of House 199 Salaries - Halfway House 200 Salaries - Pool Snack Shop 201 Payroll taxes 202 Employee benefit expenses 203 Uniform expense 204 Restaurant materials & supplies
205 Restaurant equipment maintenance & repair 206 Food spoilage 207 Direct Utility Cost - Propane Usage 208 Licenses & permits 209 Other restaurant expenses 210 Continuing education & career development 211 Cash over / (short) 212 Total restaurant amenity 213 214 Community & Fitness Center Expense 215 Salaries - attend. 216 Salaries- janitorial 217 Payroll taxes 218 Employee benefits expense 219 Uniform expense 220 Fitness amenity office supplies 221 Fitness amenity operating supplies 222 Service agreements 223 Copier & printing expenses 224 Repair & Maintenance 225 Utilities - water usage, gas, electricity 226 Telephone - Alarm line 227 Dues & subscriptions 228 Class expenses 229 Credit card processing fees 230 Insurance (fitness center portion) 231 Promotion & membership material 232 Misc expenses
231,500
94,500 263,900 40,600 37,100 2,400 6,900 2,500 3,900 2,900 44,900 73,100 2,100 13,500 17,000 800 100 3,500 53,000 23,000 200 4,000 2,800 2,000 200 600 8,000 8,700 1,700 2,500 1,300 717,700
179,900 34.0%
146,400 150,000 22,200 11,900 37,900 26,100 1,800 35,000
9,000 5,300 9,000 1,700 3,200 2,200 -
641,600
15,000 12,900 3,200 300
2,100 1,000 1,200 600 4,600 400
236 237 Operating Net Income / (Loss) 238 239 Depreciation / Amortization expense 240 241 Net Income / (Loss) 242 243 Other Income / (Expense) 244 Transfer fee/Capital Improvement income 245 Interest income - reserve and restricted funds 246 Gain / (loss) on sales of assets 247 Income tax (expense) provision 248 Scholarship & Junior Golf contributions/(disbursements) net 249 Total of Other income / (expense) 250 251 ACCRUAL BASIS TOTAL NET INCOME / (LOSS):
253,700
325,400
(71,700)
190,000 15,400 -
800 206,200
134,500
252 253 254 CONVERSION TO CASH BASIS 255 (For the period 1/1 through 12/31) 256 257 Accrual Net Income / (loss) 258 Add: Depreciation expense 259 Add (Less) total of non-operating income / (expense) 260 261 262 Accrued revenue vs. cash receipts: 263 Less: Accrued current year dues
134,500 325,400 (206,200)
(2,469,075)
264 Add: current year dues bad debt accrual
295,000
265 Add: collection of current year dues 2,273,975 266 Less: current year dues that were actually prepaid in previous year (342,000) 267 Less: All other accrued revenue (747,900) 268 Add: Other revenue bad debt accrual 66,300 269 Add: Collections of all other accrued revenue (includes previous years dues) (includes previous years dues) 550,000 270 Add: Collection of next year's dues billed in advance 342,000 271 Less: Contribution to reserve fund from dues collected (208,000) 272 273 Equals net gain (or loss) of cash for the period 14,000
Operating Cash Flow: Projected Monthly Operating Cash Balances - 2014
SUPPORT YOUR January 31 February 28 March 31
AREA BUSINESSES April 30 May 31 June 30 July 31
SHOP August 31 September 30 October 31 November 30 December 31
LOCAL
CLASSIFIED ADS
Looking to sell an old couch, coffee table, tv, etc. within our community? You can do so on our website! By logging on to your account at poconofarms.com You can place a classified ad for our community to see! For more information, please contact Katie at 570-894-4435 ext 201 or webcomcord @poconofarms.com.
COMMUNITY REMINDER
HOUSEHOLD TRASH & RECYCLING
Household trash and recycling cans are picked up every Tuesday. Cans need to be out at the end of your driveway, 3 feet apart, with the handles facing your home by 6:00AM. Cans must be brought in by 6:00PM. At times due to weather and delays beyond County Waste’s control, the “normal” pick up time and route may vary. To avoid having your cans missed, please have them out by 6:00AM. If you cannot have your cans out by 6:00AM for pick up, our compactor, located at The Maintenance Yard off Kilmer Drive, is open Wednesday & Friday from 8:00AM – 12:00PM and Sunday from 10:00AM – 2:00PM where you can bring your household trash and recycling.
Line #
APPROVED FOR POSTING
Commission on Sales Income vs Expenses
Net Commission on Sales
5 6 Commission on Rental Income vs Expenses 7 4010-001 Commission Income on Rentals 8 6805-001 Commission expense on Rentals 9 10
Net Commission on Rentals
11 12 Rent & Property Mgmt Income vs Expenses 13 4020-001 Rental Income 200,000 120,000
80,000
8,000 4,800
3,200
14 4050-001 Property Services Income 15 6900-001 Property Services Expense 16 6810-001 Property Mgmt Svc - Admin Fees 17 6860-001 Tenant Registration Expense 18 19
Net Property Management Inc/Loss
20 21 Office Expenses 22 6000-001 Office Salaries 23 6005-001 Payroll Taxes 24 6020-001 Temp Help - Outside Contractor 25 6022-001 Payroll Data Processing 26 6025-001 Office supplies & expense 27 6100-001 Service Agreements 28 6500-001 Postage 29 6505-001 Utilities 26,640 13,320
13,320
21,600 2,200 2,400 1,500 1,200 1,400 1,000 900
30 6510-001 Telephone 31 6525-001 Dues & subscriptions 32 6535-001 Licenses & permits 33 6540-001 Bank & CC Proc Fees
720 1,500 100 1,400
34 6570-001 Broker / Agent Meals 35 6605-001 Insurance Expense
250 2,500 36 6610-001 Professional fees 550 37 6615-001 Advertising/Promotion/Open houses/Staging 2,500 38 6625-001 Accounting Services 39 6630-001 Computer / IT Services 40 6695-001 Miscellaneous expense 41 6850-001 Rent Expense 42 43
Total Office Expenses
67,520
3,500
46 8000-001 Income Tax Expense 47 48
Net Income / (Loss) 32,500
CONGRATS!
Please join us in congratulating Michael DeLuise on his promotion to Food and Beverage Operations Manager. Michael has been a valuable team member with PFCCA for 6 years. His dedication, enthusiasm, outstanding customer service and creativity make him a perfect fit for the position. As our restaurant and banquet business has increased and we are able to be fully operational, and even added new hours, the need for an additional leadership role was necessary in these ever changing times! Best of luck to you Michael in your new venture with us at the Lakeside Grill and Pub!
