M.I.S.

DEPARTMENT
2019 MID-YEAR BUDGET MONITORING
AND EVALUATION
Mid-Year Cost and
Expense Report
THE SUBIC BAY YACHT CLUB, INC.
EMPLOYEE-RELATED
For the Period January to June 2019

EMPLOYEE-RELATED COST JAN FEB MAR APR MAY JUN TOTAL

SALARIES AND WAGES 23,296.83 29,141.04 40,211.20 43,448.20 41,570.31 43,995.57 221,663.15

EMPLOYEE-RELATED (SSS, EEC) 2,102.70 2,102.70 2,923.00 3,490.00 3,490.00 3,490.00 17,598.40

EMPLOYEE-RELATED (Philhealth) 493.76 493.76 471.59 637.85 637.85 637.85 3,372.66

EMPLOYEE-RELATED (HDMF) 200.00 200.00 300.00 300.00 300.00 300.00 1,600.00

13TH MONTH PAY 5,213.89 3,130.55 3,130.55 3,862.18 3,930.55 3,961.55 23,229.27

MEALS and FOODS 1,618.00 1,817.00 3,846.00 4,220.00 5,017.00 5,150.00 21,668.00

UNIFORM

MEDICAL BENEFITS

OTHER EMPLOYEE BENEFITS

TOTAL EMPLOYEE-RELATED COST 32,925.18 36,885.05 50,882.34 55,958.23 54,945.71 57,534.97 289,131.48
THE SUBIC BAY YACHT CLUB, INC.
UTILITIES & BASE RENT
For the Period January to June 2019

EMPLOYEE-RELATED JAN FEB MAR APR MAY JUN TOTAL

UTILITIES

Power 6,856.43 9,784.18 7,476.11 10,204.51 10,111.73 10,346.50 54,779.46

Water 2,488.71 2,264.86 2,238.15 2,591.65 2,641.35 1,625.14 13,849.86

Telephone 1,927.35 1,928.06 1,929.4 1,930.96 1,933.61 2,109.53 11,758.91

Internet 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 30,000.00

CATV - - - - - - -

Garbage - - - - - - -

TOTAL COST FOR UTILITIES 16,272,49 18,977.10 16,643.66 19,727.12 19,686.69 19,081.17 110,388.23

BASE RENT

Rentals

CUSA 937.05 937.05 937.05 937.05 937.05 937.05 5,622.30

TOTAL BASE RENT COST 937.05 937.05 937.05 937.05 937.05 937.05 5,622.30

TOTAL UTILITIES AND BASE RENT 116,010.53

THE SUBIC BAY YACHT CLUB, INC.
OTHER COST OF SERVICES
For the Period January to June 2019

OTHER COST OF SERVICES JAN FEB MAR APR MAY JUN TOTAL

LPG

Cleaning and Sanitation

Operating Supplies

Fuels and Lubricants

Transportation

Laundry Services

Garbage

Repairs and Maintenance 540.00 220.00 760.00

TOTAL OF OTHERT COST OF SERVICES 0.00 0.00 0.00 540.00 0.00 220.00 760.00

TOTAL COST OF ALL SERVICES 50,134.72 56,799.20 68,463.05 77,162.40 75,569.45 77,773.19 405,902.01

GROSS PROFIT (50,134.72) (56,799.20) (68,463.05) (77,162.40) (75,569.45) (77,773.19) (405,902.01)

THE SUBIC BAY YACHT CLUB, INC.
ADMIN EXPENSES
For the Period January to June 2019

ADMIN EXPENSES JAN FEB MAR APR MAY JUN TOTAL

Printing and Stationery 299.75 247.37 269.30 209.72 150.81 132.87 1,309.82

Documents Delivery and Handling -

Office Supplies -

Ads and Promo -

Events and Activities -

Professional Fees/Services -

Misc. Penalty and Charges 1,255.69 1,136.86 1,000.43 1,275.12 1,156.77 1,274.94 7,099.81

Insurance -

Registration and Other Fees 22,059.00 22,059.00

Representation -

TOTAL ADMIN EXPENSES 23,614.44 1,384.23 1,269.73 1,484.84 1,307.58 1,407.81 30,468.63

NET INCOME (LOSS) BEFORE DEPRECIATION (73,749.16) (58,183.43) (69,732.78) (78,647.24) (76,877.03) (79,181.00) (436,370.64)

NET INCOME (LOSS) AFTER DEPRECIATION (73,749.16) (58,183.43) (69,732.78) (78,647.24) (76,877.03) (79,181.00) (436,370.64)
2018-1019 Comparative
Cost and Expense Report
(January to June)
THE SUBIC BAY YACHT CLUB, INC.
2018 and 2019 COMPARATIVE REPORT
For the Period January to June 2019

INCREASE INC. / DEC.

2019 2018
(DECREASE) PERCENTAGE
COST OF SERVICES

Salaries, Wages and Other Employee-Related 289,131.48 426,749.10 (137,617.62) (0.32%)

Utilities 110,388.23 112,114.42 (1,726.19) (0.02%)

Base Rent 5,622.30 6,559.35 (937.05) (0.14%)

Other Cost of Services 760.00 4,081.00 (3,321.00) (0.81%)

TOTAL COST OF SERVICES 405,902.01 549,503.87 (143,601.86) (0.26%)

ADMIN EXPENSES 30,468.63 78,044.34 (47,575.71) (0.60%)

TOTAL COST AND EXPENSE 436,370.64 627,548.21 (191,177.57) (0.30%)

Comparative Cost and
Expense Report
(ACTUAL vs TARGET)
THE SUBIC BAY YACHT CLUB, INC.
COMPARATIVE COST & EXPENSE REPORT
ACTUAL vs TARGET

ACTUAL COST TARGET COST INCREASE INC. / DEC.

AND EXPENSE AND EXPENSE (DECREASE) PERCENTAGE
COST OF SERVICES

Salaries, Wages and Other Employee-Related 289,131.48 474,879.96 (185,748.48) (0.391%)

Utilities 110,388.23 110,590.38 (202.15) (0.002%)

Base Rent 5,622.30 6,325.08 (702.78) (0.111%)

Other Cost of Services 760.00 34,346.52 (33,586.52) (0.977%)

TOTAL COST OF SERVICES 405,902.01 626,141.94 (220,239.93) (0.351%)

ADMIN EXPENSES 30,468.63 32,720.16 (2,251.53) (0.068%)

TOTAL COST AND EXPENSE 436,370.64 658,862.10 (222,491.46) (0.337%)

Budget Projections
2nd Half of the Year 2019
THE SUBIC BAY YACHT CLUB, INC.
EMPLOYEE-RELATED
For the Period January to June 2019

EMPLOYEE-RELATED COST JUL AUG SEP OCT NOV DEC TOTAL

Salaries and Wages 62,000.00 62,000.00 62,000.00 62,000.00 62,000.00 62,000.00 372,000.00

Employee-Related 6,780.00 6,780.00 6,780.00 6,780.00 6,780.00 6,780.00 40,680.00

13th Month Pay 5,166.66 5,166.66 5,166.66 5,166.66 5,166.66 5,166.66 30,999.96

Employee Meals 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 31,200.00

Training and Development - - - - - -

Other Benefits (Incl. APE and Medical) - - - - - -

Uniforms - - - - - -

TOTAL EMPLOYEE-RELATED COST 474,879.96

THE SUBIC BAY YACHT CLUB, INC.
EMPLOYEE-RELATED
For the Period January to June 2019

JUL AUG SEP OCT NOV DEC TOTAL

UTILITIES

Power 9,076.40 9,076.40 9,076.40 9,076.40 9,076.40 9,076.40 54,458.40

Water 2,407.93 2,407.93 2,407.93 2,407.93 2,407.93 2,407.93 14,447.58

Telephone 1,914.37 1,914.37 1,914.37 1,914.37 1,914.37 1,914.37 11,486.22

Garbage 33.03 33.03 33.03 33.03 33.03 33.03 198.18

Internet 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 30,000.00

TOTAL UTILITIES 18,431.73 18,431.73 18,431.73 18,431.73 18,431.73 18,431.73 110,590.38

BASE RENT

Rentals

CUSA 1,054.18 1,054.18 1,054.18 1,054.18 1,054.18 1,054.18 6,325.08

TOTAL BASE RENT 1,054.18 1,054.18 1,054.18 1,054.18 1,054.18 1,054.18 6,325.08

TOTAL UTILITIES AND BASE RENT 116,915.46

THE SUBIC BAY YACHT CLUB, INC.
FRONT OFFICE TARGET COST and EXPENSES
For the Period July to December 2019

TARGET COST AND ADMIN EXPENSES JUL AUG SEP OCT NOV DEC TOTAL

OTHER COST OF SERVICES

LPG

Cleaning and Sanitation

Operating Supplies

Fuels and Lubricants 362.50 362.50 362.50 362.50 362.50 362.50 2,175.00

Transportation 147.63 147.63 147.63 147.63 147.63 147.63 885.78

Laundry Services

Garbage

Repairs and Maintenance 5,214.29 5,214.29 5,214.29 5,214.29 5,214.29 5,214.29 31,285.74

TOTAL OTHER COST OF SERVICES 5,724.42 5,724.42 5,724.42 5,724.42 5,724.42 5,724.42 34,346.52

TOTAL COST OF SERVICES 104,356.99 104,356.99 104,356.99 104,356.99 104,356.99 104,356.99 626,141.94
THE SUBIC BAY YACHT CLUB, INC.
FRONT OFFICE TARGET COST and EXPENSES
For the Period July to December 2019

TARGET COST AND ADMIN EXPENSES JUL AUG SEP OCT NOV DEC TOTAL

ADMIN EXPENSES

Printing and Stationery 345.62 345.62 345.62 345.62 345.62 345.62 2,073.72

Documents Delivery and Handling

Office Supplies

Ads and Promo

Events and Activities

Professional Fees/Services

Insurance

Misc. Penalty Charges 643.46 643.46 643.46 643.46 643.46 643.46 3,860.76

Representation 4,464.28 4,464.28 4,464.28 4,464.28 4,464.28 4,464.28 26,785.68

TOTAL ADMIN EXPENSES 5,453.36 5,453.36 5,453.36 5,453.36 5,453.36 5,453.36 32,720.16

TOTAL COST AND EXPENSES 109,810.35 109,810.35 109,810.35 109,810.35 109,810.35 109,810.35 658,862.10
Schedule of CapEX
Requirements
(2nd-Half of the Year 2019)
THE SUBIC BAY YACHT CLUB, INC.
SCHEDULE OF TARGET CAPEX
For the Period July to December 2019

DATE NEEDED
NO.
PARTICULARS BRIEF DESCRIPTION AMOUNT
OF TOTAL
(Itemized List of Requirements) AND JUSTIFICATION PER UNIT JUL AUG SEP OCT NOV DEC
UNITS

Cisco ISR-4451 To Fix Network-related Issues 1 300,000.00 1 1 1 1 1 1 300,000.00

Digital Standee (42”) Cambusa & Marina Lobby 2 78,500.00 157,000.00

Digital Standee (50”) Main Club Lobby 1 158,000.00 158,000.00

Laptop For General Use 1 85,000.00 1 85,000.00

Hard Drives For File and AD/DC Server 8 18,000.00 1 1 1 1 1 1 144,000.00

IP-PABX Solutions

Unified WiFi Solutions

IP-CATV Solutions