South Carroll Swim
Club
Budget
April 2009 – March 2010
Annual dues will be $515.00 for the swim season this
year.
|
|
|
|
|
Budget |
Budget |
|
|
|
|
|
FY08-09 |
FY09-10 |
|
Income |
|
|
|
||
|
|
Acreage Rental |
770.00 |
770.00 |
||
|
|
Activities Fees |
4,000.00 |
1,500.00 |
||
|
|
Application Fees |
5,000.00 |
5,000.00 |
||
|
|
August Privileges Fees |
14,000.00 |
11,025.00 |
||
|
|
ClubHouse Rental |
|
|
||
|
|
|
Clubhouse Rental |
12,000.00 |
4,900.00 |
|
|
|
|
Kitchen Rental |
11,500.00 |
0.00 |
|
|
|
|
Security Deposits |
0.00 |
0.00 |
|
|
|
Total ClubHouse Rental |
23,500.00 |
4,900.00 |
||
|
|
Guest Fees |
20,000.00 |
20,000.00 |
||
|
|
Interest Income |
1,600.00 |
1,600.00 |
||
|
|
Key Fobs |
0.00 |
0.00 |
||
|
|
Late Fees |
1,000.00 |
1,100.00 |
||
|
|
Membership Dues |
|
|
||
|
|
|
Paypal Dues |
|
26547.00 |
|
|
|
|
Paypal Fees |
|
-796.50 |
|
|
|
|
Membership Dues - Other |
276,830.00 |
277,585.00 |
|
|
|
Total Membership Dues |
276,830.00 |
303,335.50 |
||
|
|
New Member Initiation Fee |
9,000.00 |
9,000.00 |
||
|
|
Other Income |
0.00 |
0.00 |
||
|
|
Pool Rental |
800.00 |
0.00 |
||
|
|
Snack Bar Income |
1,500.00 |
1,000.00 |
||
|
|
Soda Sales |
500.00 |
170.00 |
||
|
|
Swim Lesson Fees |
11,000.00 |
9,000.00 |
||
|
|
Swim Team Contribution |
0.00 |
0.00 |
||
|
Total
Income |
369,500.00 |
368,400.50 |
|||
|
Expense |
|
|
|||
|
|
Accounting Services |
1,000.00 |
1,140.00 |
||
|
|
Activities |
4,000.00 |
1,000.00 |
||
|
|
Administration |
|
|
||
|
|
|
Advertising |
500.00 |
0.00 |
|
|
|
|
Bank Fees |
0.00 |
96.00 |
|
|
|
|
Misc. |
0.00 |
200.00 |
|
|
|
|
Office Supplies |
1,000.00 |
500.00 |
|
|
|
|
Postage |
500.00 |
300.00 |
|
|
|
Total Administration |
2,000.00 |
1,096.00 |
||
|
|
Attorney Fees |
|
7,000.00 |
||
|
|
Bad Debt |
|
|
||
|
|
Bay Restoration Fee |
|
30.00 |
||
|
|
ClubHouse Cleaning |
1,600.00 |
0.00 |
||
|
|
Debt Repayment |
|
|
47,484.83 |
43,170.31 |
|
|
Guest Fee Tax |
1,818.18 |
1,818.18 |
||
|
|
Insurance Expense |
|
|
||
|
|
|
D&O Insurance |
|
1,060.00 |
|
|
|
|
General Liability |
29,000.00 |
12,300.00 |
|
|
|
|
Umbrella |
8,000.00 |
7,850.00 |
|
|
|
Total Insurance Expense |
37,000.00 |
21,210.00 |
||
|
|
Interest Expense |
|
|
||
|
|
|
M & T Debt Interest |
80,244.20 |
76,259.21 |
|
|
|
Total Interest Expense |
80,244.20 |
76,259.21 |
||
|
|
Maintenance-Club Improvements |
3,000.00 |
2,100.00 |
||
|
|
Maintenance & Supply |
|
|
||
|
|
|
New Repairs |
5,000.00 |
5,000.00 |
|
|
|
|
Ongoing Grounds Maint. |
|
|
|
|
|
|
|
Electrical Work |
2,000.00 |
1,000.00 |
|
|
|
|
HVAC Maintenance |
700.00 |
2,000.00 |
|
|
|
|
Landscaping |
9,200.00 |
9,227.00 |
|
|
|
|
Miscellaneous |
400.00 |
400.00 |
|
|
|
|
Plumbing Work |
0.00 |
1,000.00 |
|
|
|
|
Septic Clean-out |
0.00 |
7,200.00 |
|
|
|
|
Snow Removal |
1,000.00 |
1,000.00 |
|
|
|
|
Spring Opening |
1,000.00 |
1,000.00 |
|
|
|
|
Trash Removal |
1,050.00 |
1,500.00 |
|
|
|
|
Winter Damage Repair |
2,200.00 |
1,000.00 |
|
|
|
Total Ongoing Grounds Maint. |
17,550.00 |
25,327.00 |
|
|
|
|
Supplies & Incidentals |
|
|
|
|
|
|
|
General |
|
1,200.00 |
|
|
|
|
Pool / Chemicals |
|
900.00 |
|
|
|
Total Supplies & Incidentals |
0.00 |
2,100.00 |
|
|
|
|
Unexpected Maintenance |
5,000.00 |
2,000.00 |
|
|
|
Total Maintenance & Supply |
27,550.00 |
34,427.00 |
||
|
|
Payroll Expenses |
|
|
||
|
|
|
Swim Lesson Coordination |
8,360.00 |
6,840.00 |
|
|
|
|
Swim Team Coaches |
0.00 |
0.00 |
|
|
|
Total Payroll Expenses |
8,360.00 |
6,840.00 |
||
|
|
Pool Mgmt Contract |
94,500.00 |
105,000.00 |
||
|
|
Property Tax |
720.00 |
1,200.00 |
||
|
|
Real Estate Tax |
17,165.68 |
19,600.00 |
||
|
|
Technology |
500.00 |
1,500.00 |
||
|
|
Utilities |
|
|
||
|
|
|
Electric |
21,000.00 |
22,000.00 |
|
|
|
|
Propane |
6,000.00 |
6,000.00 |
|
|
|
|
Telephone |
624.00 |
504.00 |
|
|
|
Total Utilities |
27,624.00 |
28,504.00 |
||
|
|
Wastewater Operation & Maint. |
10,000.00 |
16,500.00 |
||
|
Total
Expense |
364,566.89 |
368,394.70 |
|||
|
Net Income |
4,933.11 |
5.80 |
|||