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Home My WebLink About15.0 Westbank Ranch Golf & Country Club P&L for 1978-1982• • WEST BANK RANCH GOLF AND COUNTRY CLUB PRO FORMA PROFIT AND LOSS STATEMENT FOR 1978 - 1982 1978 1979 1980 1981 1982 Income $40,065 $45,400 $50,320 $55,050 $60,000 Expense 34,290 44,460 46,880 49,800 51,250 Net 5,775 940 3,440 5,250 8,750 Cum. Surplus 5,775 6,715 10,155 15,405 24,155 Lyle W, Beattie November 17, 1978 Exhibit P • • INCOME - SUMMARY 1978 1979 1980 1981 1982 Green Fees $30,900 $35,500 $40,200 $44,700 $49,400 Carts 1,025 1,200 1,320 1,450 1,600 Special Projects 640 700 800 900 1,000 Horse Ownder and Developer Contribution 7,500 8,000 8,000 8,000 8,000 $40,065 $45,400 $50,320 $55,050 $60,000 • • EXPENSES - SUMMARY 1978 1979 1980 1981 1982 Administration $ 720 $ 800 $ 850 $ 900 $ 950 Clubhouse Expense 600 660 730 800 900 Course Expense 4700 4900 5100 5300 5500 Equipment Expense 2450 2700 2900 3100 3300 Utilities 3260 3500 3700 3900 4100 Gas & Oil 1210 1400 1500 1600 1700 Insurance 2150 2000 2100 2200 2300 Labor 19200 20000 21500 22500 24000 Depreciation -0-* 8500 8500 8500 8500 TOTAL 34,290 44,460 46,880 49,800 51,250 *Leased Facility - No owned Assets