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GAZETTE ARTICLE ONLINE
March 31,
2007
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Rob
Provides
the
Details
on
Golf
Cost
Numbers
In
my
second
recent
meeting
with
our
GM I
asked
Rob
to
give
us
the
details
behind
the
4th
Qtr.
2006
Golf
negative
of
$120,983.
We
were
meeting,
once
again,
at
Lone
Star
Pizza
and
I
picked
up
the
tab
again
for
our
buffet
lunch.
Rob
mentioned
that
after
the
last
issue
(March
17)
he
had
several
people
question
“Wilson’s
numbers”
and
he
said
that
he
had
told
all
who
asked
that
the
numbers
were
good
and
Wilson
was
not
making
them
up.
Thanks
Rob!
My
plan
is
to
use
the
next
few
issues,
before
the
1st
Qtr.
2007
Core
Numbers
are
available,
to
expand
the
detail
on
various
lines
of
the
4th
Qtr.
2006
Core
Numbers
with
golf
being
the
1st
to
be
looked
at.
Tht
col.
on
right
is a
repeat
from
the
last
Gazette
issue
with
*on
Golf The
4th
Qtr
of
2006
is
Oct.
Nov.
&
Dec.
Revenues:
Member
Green
Fees $
20,462
Guest
fees $
2,655
Cart
Rentals $
915
Driving
Range $
638
Annual
Membership $
59,429
Total
golf
revenues $
84,099
Payroll expenses:
Pro Shop Payroll $ 37,016
Golf Maint. Payroll $ 79,674
Total Golf Payroll $116,690
Non Payroll expenses:
Pro Shop Expense $ 13,748
Golf Maint. Expense $ 56,644
None Payroll expense total $ 70,392
Net cash flow of golf for Qtr. - $102,983
(note that this is same number on rt. above)
(numbers furnished by Rob James)
4th Qtr. 06 Core Numbers -HLR
Amenity Cost
Gated Security (incl. salaries) $132,444
* Golf -net (incl. salaries) $102,983
Restaurant-net (incl. salaries) $ 95,632
Total amenity cost for Qtr. $331,059
Other Costs
Admin. Salaries (incl. GM) $ 73,430
Garbage fee $ 55,442
Other Adm. Exp. $ 84,425
Maintenance (incl. Salaries) $ 74,506
Roads (Incl salaries) $ 38,894
Recreation (no salaries) $ 6,750
A/R & collections (incl. salaries)$ 32,059
Total other costs $365,606
Revenue
Home owner Dues (Qtr. avg.) $511,728
Silverleaf dues $ 7,882
Initiation fees ($2,500 fee) $ 58,650
Bldg. permits $ 13,100
Garbage fees collected $ 78,222
Rd. assessment (avg. qtr) $ 27,144
Other revenues (estimate) $ 10,000
Total Revenues $706,726
Net operating margin for 4th qtr. $ 10,161
What do the numbers say?
Based on Rob’s numbers, we are paying an average of $45,511.20 per year for each of the 7 Golf Maint. employees, which includes Clayton. This is based on full 40 hour weeks by all seven. If they are not putting in 40 hour weeks, then the hourly rate goes up from the $22.05 avg. rate.
This is in the face of having numerous volunteer golfers covering the course doing many things that would normally be done by the “hired hands”. Are we overstaffed or understaffed, that is the question? One could also ask if we are overpaid?
(We know that Golf Maint. Payroll includes Clayton and six other workers, or a total of seven workers in all. If they all worked 40 hour weeks for 3 months (4.3 x 3 = 12.9 total weeks for the qtr.) that would be 12.9 weeks x 40 hours per employee x 7 employees or a total of 3,612 hours worked by the 7 employees during the qtr. The average hourly rate is $22.05 per hour that we are paying these guys)
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