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    Mitch Felsman
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    Mt. Gravatt Community Centre Profit Budget For the year ended. Revenue Sales from bar / resteruant Gross Profit Gambling surplus Government Grant Auditorium rental Total Revenue Less Expense Rent Electricity Insurance Employment expenses Salaries Wages Superannuation Workers Compensation Marketing expenses Website Costs Advertising Printing Costs Vehicle expenses Administration expenses Repairs and maintainance Accounting Fees Bank Charges Telephone Cleaning Total Expenses Cash Surplus Less Depreciation Profit Notes Based on 11.1% Trend Direct relation to bar

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    Mt. Gravatt Community Centre Profit Budget For the year ended. Revenue Sales from bar / resteruant Gross Profit Gambling surplus Government Grant Auditorium rental Total Revenue Less Expense Rent Electricity Insurance Employment expenses Salaries Wages Superannuation Workers Compensation Marketing expenses Website Costs Advertising Printing Costs Vehicle expenses Administration expenses Repairs and maintainance Accounting Fees Bank Charges Telephone Cleaning Total Expenses Cash Surplus Less Depreciation Profit Notes Based on 11.1% Trend Direct relation to bar

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    Download as XLSX, PDF, TXT or read online from Scribd
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    16 views2 pages

    Budget

    Uploaded by

    Mitch Felsman
    Mt. Gravatt Community Centre Profit Budget For the year ended. Revenue Sales from bar / resteruant Gross Profit Gambling surplus Government Grant Auditorium rental Total Revenue Less Expense Rent Electricity Insurance Employment expenses Salaries Wages Superannuation Workers Compensation Marketing expenses Website Costs Advertising Printing Costs Vehicle expenses Administration expenses Repairs and maintainance Accounting Fees Bank Charges Telephone Cleaning Total Expenses Cash Surplus Less Depreciation Profit Notes Based on 11.1% Trend Direct relation to bar

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 2

    Mt.

    Gravatt Community Centre


    Profit Budget
    For the year ended....
    Revenue Previous CEO Your Budget Variance
    Sales from bar/resteruant $1,450,000.00 $1,350,000.00 -$100,000
    Purchases - bar/resteraunt $ 623,500.00 $ 648,000.00 $ 24,500.00
    Gross Profit $702,000.00
    Gambling surplus $ 300,000.00 $297,000.00 -$ 3,000.00
    Government Grant $ 350,000.00 $ 290,000.00 -$ 60,000.00
    Auditorium rental $ 100,000.00 $ 125,000.00 $ 25,000.00
    Total Revenue $1,414,000.00
    Less Expense
    Occupancy expenses
    Rent $ 95,000.00 $ 97,850.00 $ 2,850.00
    Electricity $ 92,500.00 $ 106,320.00 $ 13,820.00
    Insurance $ 37,000.00 $ 30,714.00 -$ 6,286.00
    Employment expenses
    Salaries $ 345,000.00 $ 345,000.00 $ -
    Wages $ 350,000.00 $ 340,224.00 -$ 9,776.00
    Superannuation $ 62,550.00 $ 61,670.00 -$ 880.00
    Workers Compensation $ 10,425.00 $ 13,704.00 $ 3,279.00
    Marketing expenses
    Website Costs $ 5,500.00 $ 5,500.00 $ -
    Advertising $ 100,000.00 $ 80,000.00 -$ 20,000.00
    Printing Costs $ 150,000.00 $ 151,863.00 $ 1,863.00
    Vehicle expenses $ 9,500.00 $ 9,761.00 $ 261.00
    Administration expenses
    Repairs and maintainance $ 46,250.00 $ 53,160.00 $ 6,910.00
    Accounting Fees $10,000 $10,000 $ -
    Bank Charges $ 9,250.00 $ 8,860.00 -$ 390.00
    Telephone $ 9,000.00 $ 9,000.00 $ -
    Cleaning $ 18,500.00 $ 15,536.00 -$ 2,964.00
    Total Expenses $ 2,041,975.00 $ 1,341,262.00 -$ 700,713.00
    Cash Surplus $ 100,000.00 $ 75,000.00 -$ 25,000.00
    Less Depreciation $ 70,000.00 $ 85,000.00 $ 15,000.00
    Profit -$10,000
    Notes
    Based on 11.1% Trend

    Direct relation to bar/resteraunt sales

    Adding 25%

    Adding 2.75% CPI or 3%, whichever is higher


    Adding 6%
    2.75% CPI

    19.2% - Highest to be safe


    9% of wages and salaries
    2% of wages and salaries

    2.75% CPI
    2.75% CPI

    3%
    Strategic Plan
    .5% Trends
    Strategic Plan
    2.75% CPI

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