South Carroll Swim Club

Budget

April 2010 – March 2011

Annual dues will be $515.00 for the swim season this year.

				Budget	Budget
				FY 09-10	FY10-11
Income
	Acreage Rental			770.00	770.00
	Activities Fees			1,500.00	200.00
	Application Fees			5,000.00	2,000.00
	August Privileges Fees			11,025.00	5,000.00
	ClubHouse Rental
		Clubhouse Rental		4,900.00	4,200.00
		Security Deposits			0.00
		ClubHouse Rental - Other			0.00
	Total ClubHouse Rental			4,900.00	4,200.00
	Guest Fees			20,000.00	20,000.00
	Interest Income			1,600.00	250.00
	Key Fobs				0.00
	Late Fees			1,100.00	1,100.00
	Membership Dues
		Paypal Dues		26,547.00	18,582.90
		Paypal Fees		-796.50	-557.90
		Membership Dues - Other		277,585.00	284,795.00
	Total Membership Dues			303,335.50	302,820.00
	New Member Initiation Fee			9,000.00	9,000.00
	Retruned Check Charges			0.00	0.00
	returned check fee				0.00
	Snack Bar Income			1,000.00	1,500.00
	Soda Sales			170.00	500.00
	Swim Lesson Fees			9,000.00	9,000.00
	Swim Team Contribution			0.00	0.00
Total Income				368,400.50	356,340.00
Expense
	Accounting Services			1,140.00	1,140.00
	Activities			1,000.00	1,000.00
	Administration
		Advertising			350.00
		Bank Fees		96.00	100.00
		Misc.		200.00	200.00
		Office Supplies		500.00	300.00
		Postage		300.00	300.00
		Administration - Other			0.00
	Total Administration			1,096.00	900.00
	Attorney Fees			7,000.00	0.00
	Bay Restoration Fee			30.00	30.00
	ClubHouse Cleaning				0.00
	Debt Repayment			43,170.31	43,170.00
	Depreciation & Amoritization			51,527.00
	Guest Fee Tax			1,818.18	1,818.18
	Insurance Expense
		D&O Insurance		1,060.00	1,063.00
		General Liability		12,300.00	13,500.00
		Umbrella		7,850.00	3,500.00
		Property			5,955.00
	Total Insurance Expense			21,210.00	24,018.00
	Interest Expense
		Interest - Credit Line
		M & T Debt Interest		76,259.21	76,259.21
	Total Interest Expense			76,259.21	76,259.21
	Maintenance-Club Improvements			3,000.00	1,600.00
	Maintenance & Supply
		New Repairs		5,000.00	7,900.00
		Ongoing Grounds Maint.
			Electrical Work	1,000.00	500.00
			HVAC Maintenance	2,000.00	1,200.00
			Landscaping	9,227.00	7,750.00
			Miscellaneous	400.00	400.00
			Plumbing Work	1,000.00	1,000.00
			Septic Clean-out	7,200.00	5,000.00
			Snow Removal	1,000.00	1,000.00
			Spring Opening	1,000.00	500.00
			Trash Removal	1,500.00	1,500.00
			Winter Damage Repair	1,000.00	500.00
		Total Ongoing Grounds Maint.		25,327.00	19,350.00
		Supplies & Incidentals
			General	1,200.00	500.00
			Pool / Chemicals	900.00	1,400.00
		Total Supplies & Incidentals		2,100.00	1,900.00
		Unexpected Maintenance		2,000.00	2,000.00
		Maintenance & Supply - Other
	Total Maintenance & Supply			34,427.00	31,150.00
	Payroll Expenses
		Swim Lesson Coordination		6,840.00	6,840.00
		Swim Team Coaches		0.00	0.00
	Total Payroll Expenses			6,840.00	6,840.00
	Pool Mgmt Contract			105,000.00	100,200.00
	Property Tax			1,200.00	1,200.00
	Real Estate Tax			19,600.00	19,650.00
	Technology			1,500.00	1,500.00
	Utilities
		Electric		22,000.00	22,000.00
		Propane		6,000.00	5,000.00
		Telephone		504.00	504.00
	Total Utilities			28,504.00	27,504.00
	Wastewater Operation & Maint.			16,500.00
		MDE Payment			7,200.00
		Redesign/Const Costs			150.00
		Wastewater Operation & Maint. - Other		16,500.00	11,000.00
	Total Wastwater Operations & Maint			33,000.00	18,350.00
Total Expense				420,821.70	356,329.39
Net Income				-52,421.20	10.61