| | | ACTUAL | BUDGET | ABSOLUTE
DIFFERENCE | RELATIVE DIFFERENCE | % OF REVENUE
ACTUAL | % OF REVENUE
BUDGET | PER AVAILABLE ROOM
ACTUAL | PER AVAILABLE ROOM
BUDGET | PER OCCUPIED ROOM ACTUAL | PER OCCUPIED ROOM BUDGET |
| Revenues: | | | | | | | | | | | | | | Revenue | Rooms Occupied | Average Rate |
| | Rooms | $6,872,809.84 | $7,101,609.19 | ($228,799.35) | -3.22% | 75.96% | 74.40% | $47.91 | $49.51 | $67.31 | $62.27 | | Budget | $7,101,609.19 | 114,037 | 62.27 |
| | Food | $1,792,197.77 | $2,026,807.23 | ($234,609.46) | -11.58% | 19.81% | 21.23% | $12.49 | $14.13 | $17.55 | $17.77 | | Actual | $6,872,809.84 | 102,100 | 67.31 |
| | Beverage | $90,893.66 | $96,693.04 | ($5,799.38) | -6.00% | 1.00% | 1.01% | $0.63 | $0.67 | $0.89 | $0.85 |
| | Telephone | $126,166.80 | $135,312.81 | ($9,146.01) | -6.76% | 1.39% | 1.42% | $0.88 | $0.94 | $1.24 | $1.19 | | | Occupancy % | ADR | Rev ADR |
| | Other Operated Departments | $46,205.33 | $45,641.21 | $564.12 | 1.24% | 0.51% | 0.48% | $0.32 | $0.32 | $0.45 | $0.40 | | Budget | 79.50% | $62.27 | $49.51 |
| | Rentals and Other Income | $119,208.08 | $138,621.36 | ($19,413.28) | -14.00% | 1.32% | 1.45% | $0.83 | $0.97 | $1.17 | $1.22 | | Actual | 71.18% | $67.31 | $47.91 |
| Total Revenues: | | $9,047,481.48 | $9,544,684.84 | ($497,203.36) | -5.21% | | | $63.07 | $66.54 | $88.61 | $83.70 |
| Departmental Costs and Expenses: |
| | Rooms | $1,520,907.59 | $1,722,623.33 | ($201,715.74) | -11.71% | 22.13% | 24.26% | $10.60 | $12.01 | $14.90 | $15.11 |
| | Food | $1,602,086.49 | $1,840,329.75 | ($238,243.26) | -12.95% | 89.39% | 90.80% | $11.17 | $12.83 | $15.69 | $16.14 |
| | Beverage | $44,762.75 | $46,306.94 | ($1,544.19) | -3.33% | 49.25% | 47.89% | $0.31 | $0.32 | $0.44 | $0.41 |
| | Telephone | $82,958.28 | $71,097.00 | $11,861.28 | 16.68% | 65.75% | 52.54% | $0.58 | $0.50 | $0.81 | $0.62 |
| | Other Operated Departments | $31,881.68 | $29,666.79 | $2,214.89 | 7.47% | 69.00% | 65.00% | $0.22 | $0.21 | $0.31 | $0.26 |
| | Rentals and Other Income | - | - |
| Total Costs and Expenses: | | $3,282,596.79 | $3,710,023.81 | ($427,427.02) | -11.52% | 36.28% | 38.87% | $22.88 | $25.86 | $32.15 | $32.53 |
| Total Operated Departmental Income: | | $5,764,884.69 | $5,834,661.03 | ($69,776.34) | -1.20% | 63.72% | 61.13% | $40.19 | $40.68 | $56.46 | $51.16 |
| Undistributed Operating Expenses: |
| | Administrative and General | $569,410.35 | $580,929.13 | ($11,518.78) | -1.98% | 6.29% | 6.09% | $3.97 | $4.05 | $5.58 | $5.09 |
| | Marketing | $499,581.05 | $420,144.34 | $79,436.71 | 18.91% | 5.52% | 4.40% | $3.48 | $2.93 | $4.89 | $3.68 |
| | Property Operation and Maintenance | $406,115.14 | $532,019.69 | ($125,904.55) | -23.67% | 4.49% | 5.57% | $2.83 | $3.71 | $3.98 | $4.67 |
| | Utility Costs | $393,874.35 | $396,544.24 | ($2,669.89) | -0.67% | 4.35% | 4.15% | $2.75 | $2.76 | $3.86 | $3.48 |
| Total Undistributed Expenses | | $1,868,980.89 | $1,929,637.40 | ($60,656.51) | -3.14% | 20.66% | 20.22% | $13.03 | $13.45 | $18.31 | $16.92 |
| Income before Fixed Charges | | $3,895,903.80 | $3,905,023.63 | ($9,119.83) | -0.23% | 43.06% | 40.91% | $27.16 | $27.22 | $38.16 | $34.24 |
| Fixed Charges: |
| | Management Fees | $341,630.02 | $299,636.59 | $41,993.43 | 14.01% | 3.78% | 3.14% | $2.38 | $2.09 | $3.35 | $2.63 |
| | Property Taxes and Other Municipal Charges | $316,850.06 | $338,933.28 | ($22,083.22) | -6.52% | 3.50% | 3.55% | $2.21 | $2.36 | $3.10 | $2.97 |
| | Insurance | $51,808.30 | $62,140.25 | ($10,331.95) | -16.63% | 0.57% | 0.65% | $0.36 | $0.43 | $0.51 | $0.54 |
| Total Property Taxes and Insurance: | | $710,288.38 | $700,710.12 | $9,578.26 | 1.37% | 7.85% | 7.34% | $4.95 | $4.88 | $6.96 | $6.14 |
| Net Operating Income | | $3,185,615.42 | $3,204,313.51 | ($18,698.09) | -0.58% | 35.21% | 33.57% | $22.21 | $22.34 | $31.20 | $28.10 |
| | | Actual | Budget |
| Rooms Occupied | | 102,100 | 114,037 | -11,937 |
| Rooms Available | | 143,445 |