EFTA01203642.pdf

Atomics Vac% Haas Income Sussex • Actual vs. Buds Cons'ours Fix the Them Month. Ending March 37 2015 UNALIDD'ED March 2015 Quaner and Year to Date Actual Budget Vari Vag% Actual Budget Vr5 Vat % flreCAUCA Marina Slip Revenue 146,975 133,011 13,964 10.5% 411951 414,294 (3l. (0.1%) Marina Slip Ilacounts (134) 034) (1.788) yas) Upland Revenue 105,397 11)6,945 (.1,638) 0.45» 307716 319,351 (11.635) (3.6%) Marina Maldelge Senin 6,051 6800 SI 0.9% 19,681 16,250 3,432 21.1% Utility Reveror 95,524 93,114 410 04% 251251 289,009 (34,838) (12.1%) Fuel 213,500 230,264 (16,764) (7.35» 510325 599,165 00641> (14»%) Merchandise 7053 11,299 (.1,446) (30.5%) 20187 2503 (6,316) (23.7%) Pao Dosch rapers 39,641 40268 (627) (1.6%2 116,699 116,209 490 CM% Other 5,445 5445 15,749 15,749 Total Remmers 615,562 628901 (5219) 0.9%2 1457973 1,780961 (12)885) (7.0%) Direct Est Marina Control, Services 1,024 1,024 100.0% 1.024 1304 11:0.0% lltiliner 48,353 66,674 18,321 273% 144,1:61 200,014 63,931 307% Unlines corkt V. 51.70 71.60 19.90 028 56.67 71.96 15.29 0.21 Fuel 123809 169,461 45,652 26.9% 296336 440850 144214 317% Mad cost% 57.99 73.59 15.60 021 58.05 73.58 1549 0.21 Merchandise 4,877 MOO 3.923 44.6% 14,716 15,600 8154 5.7% Other 92 (92) Total Men Cosu 177839 245,959 68920 28.0% 455,425 665,488 210,061 31.6% Ors Profit 438,511 375942 93381 17.0% 1281448 1,115,473 86,175 7.7% G1045 Pt0111% 71.24 (.039 (10.155) 0.110 72-52 62.63 (9.88) (0.16) Pas!& F.mployee Benefits 'foul Pmns8 64,196 70162 5966 83% 207,500 210,486 2,986 1.4% 'foul Employee Benefits 18,668 23,911 5,255 226% 69,787 71,769 1,992 10% 'foul NISI ta Emplse MKS 82,864 94,085 11221 11.9% 277,281 282,255 4,978 1.8% Other (»song I:Ass Ant 12,031 12,333 (500) (43%) 3831» 36,999 (1,501) (4.1%) Utilities Unallocated 12266 10.766 6,200 33.0% 24,532 41,205 1.5673 40.5% Utilities 6,669 12,511 5,812 46.7% 18474 27,841 8,967 322% Insurance 40,931 26712 (14,211) (53.2%) 94,196 00,136 (bog (173%) Management 1La 30074 31945 267 0.9% 151,854 09,048 6,194 7.0% Tam 27,179 14329 (11350) (85.8%) 48,412 42,015 (629?) (152%) Action e klamtense 12,761 7911 0852) (61.3%) 27806 24,533 (320) (133%) Salmis 5,365 4965 000) (15.0%) 14240 15,195 855 5.6% Marketing 2,535 1,850 (685) (37.0%) 11,732 17550 5818 11.2% Steamy 118 300 182 60.7% 355 900 545 686% Pooremonk! Peet 0,204 13,128 4924 373% 21,096 50,384 21,288 56.1% Travel Fdpentet 1,169 2,300 131 5.7% Pnsion for Doubtful AC<Otallif (5,781) 4,000 9781 244.9% (13,134) 13,400 24034 21:03% Telephone 1,683 1,650 (33) 0.0%2 4745 4,950 2C6 4.1% Credit Mini COMOSIOn 9,790 11,200 1410 126% 31,173 30,600 (773) (23%) Donnas 3,333 4,000 CM? 16.7% 9,999 10080 1 0.0% Info'nankin Technols 2,022 1250 072) (61.0%) 4,946 3750 (7196) (31.9%) Other Operating Eapcntra 84 146 62 42.5% 544 438 (106) 042%) Total lather Operating Expense 171,074 166,096 (4,978) 0.11%) 424039 491,244 67205 13.7% Total Operating Expenses 253,938 260301 6243 2.4% 707327 773,499 71,184 9.3% Operating Expense % 41.25 41.90 0.65 0.02 4232 --__ 43.43 1.11 0.03 Net Operating Income 104,585 115761 69,824 608% 5C0,121 341974 115347 46.3% NCB % 29.99 10.48 (11.50) (0ra) 30.19 19.20 (10.99) (037) Fixed Ms 3rd Party Ca:limns Fipalft 29,606 25,596 (4,010) (15.7%) 86,152 76865 (10319?) (133%) 3rd Party Meets Income 074 (2,193) (1,621) 67.7% (3,808) (7,179) (3,371) 47.0% Depreciation 72,178 88,522 16244 183% 216771 264,299 47324 17.9% ÄMMIL,2110A 11338 (11,33» 34,012 (X012) Accretion 2,477 (2,477) 7,431 (7431) Inomme(laos) Before Other Costs 69,758 3836 46722 2.197.7% 159,562 8,789 150713 1,715.5% Other Nonoperating Epose 90 (901 Net Income 69,758 3836 66,722 2,197.7% 159,472 ---_ 8789 150,683 1,714.5% EFTA01203642  American Yacht Harbor Balance Sheet March 31, 2015 UNAUDITED December 2014 March 2015 ASSETS Current Assets: Cash and cash equivalents $ 1,150 $ 1,150 Restricted cash 1,855,555 2,017,451 Accounts receivable 216,059 238,029 Inventory 82,679 79,872 Prepaids and other current assets 200,662 138,202 Total Current Assets 2,356,105 2,474,704 Land 1,847,000 1,847,000 Property and equipment, net 14,977,203 14,835,583 Intangible assets, net 337,412 311,387 Deferred financing costs 85,153 77,167 Other long term assets 167,183 180,742 --------____-_-_-___ ------ Total Assets $ 19,770,056 $ 19,726,583 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Notes payable 373,500 $ 282,000 Accounts payable 91,133 58,805 Accrued expenses 284,728 208,357 Deferred revenue 3,299 6,405 Customer deposits 277,410 264,125 Total Current Liabilities 1,030,070 819,692 Notes payable 12,913,200 12,913,200 Other liabilities 594,492 601,923 Total Liabilities 14,537,762 14,334,815 Equity: Paid in capital 10,276,223 10,276,223 Retained earnings (5,397,032) (5,043,927) Current year profit/loss 353,103 159,472 Total Equity 5,232,294 5,391,768 Total Liabilities and Equity 19,770,056 $ 19,726,583 EFTA01203643  American Yacht Harbor (AYH) Cash Flow Statement For the Three Months Ending March 31, 2015 UNAUDITED January February March 1Q15 2015 YTD Actual Actual Actual Total Actual Beginning Cash Balance $1,856,706 $1,926,334 $2,001,579 $1,856,706 $1,856,706 Net Income From Operations $35,738 $53,976 $69,758 $159,472 $159,472 Add Back Non-Cash Expenses: Depreciation and Amortization 86,559 85,864 85,993 258,416 258,416 Provision for doubtful accounts (2,234) (5,419) (5,781) (13,434) (13,434) Cash from Operations $120,063 $134,421 $149,970 $404,454 $404,454 Sources (Uses) of Cash: Accounts Receivable 49,226 (18,392) (39,370) (8,536) (8,536) Inventory 7,640 (4,112) (720) 2,808 2,808 Prepaid Expenses (23,435) 38,315 34,021 48,901 48,901 Accounts Payable (8,803) 45,436 (68,960) (32,327) (32,327) Deferred revenue 1,633 (3,781) 5,254 3,106 3,106 Accrued Expenses and (19,846) (71,142) 1,327 (89,661) (89,661) Other Liabilities Total Sources (Uses) of Cash $6,415 ($13,676) ($68,448) ($75,709) ($75,709) NET CASH FLOW FROM $126,478 $120,745 $81,522 $328,745 $328,745 OPERATING ACTIVITIES: CASH FLOW FROM INVESTING ACTIVITIES: Additions to Fixed Assets (26,350) (15,000) (34,000) (75,350) (75,350) ($26,350) ($15,000) ($34,000) ($75,350) ($75,350) CASH FLOW FROM FINANCING ACTIVITIES: Payments on Long Term Debt (30,500) (30,500) (30,500) (91,500) (91,500) ($30,500) ($30,500) ($30,500) ($91,500) ($91,500) NET CASH FLOW $69,628 $75,245 $17,022 $161,895 $161,895 Ending Cash Balance $1,926,334 $2,001,579 $2,018,601 $2,018,601 $2,018,601 EFTA01203644