The financial results for the four months ending April 30 shows total income more than budget by $30,400; $356,100 versus $325,700. Green fees are slightly below budget for the period, while punch cards and tournaments exceeded budget. Expenses are unfavorable by $12,200; $255,900 against the budget of $243,700 principally in the areas of general expense Pro Shop and overhead expense. The result is a net income of $100,200 versus the budget of $82,000 for a favorable variance of $18,200.
Compared to last year total income was $414,800 with total spending of $295,500 for a net income of $119,300.
The financial results for the five months ending May 31 shows Total Income more than budget by $24,100; $400,700 versus $376,600. Green Fees are slightly below budget for the period, while range balls and tournaments exceeded budget. Expenses are unfavorable by $25,900; $320,100 against the budget of $294,200 principally in the areas of Cost of Goods and General Expense Pro Shop Expense. The Result is Net Income of $80,600 versus the budget of $82,400 for an unfavorable variance of $1,800.
Compared to the same period last year total Income was $462,300 with total Spending of $360,900 for a Net Income of $101,400.