STATEMENT OF OPERATIONS
TABLE GAMES
FOR THE PERIOD: Feb, 20XX
COMMENTS
CURRENT MONTH
% Variance
Actual
Budget
$ Variance
7,000,000
3,200,000
23,000,000
19,000,000
600,000
7,100,000
10,700,000
400,000
1,750,000
750,000
6,125,000
79,625,000
750,000
105,000,000
2,500,000
108,250,000
187,875,000
2,200,000
5,475,000
150,000
8,700,000
100,000
525,000
(35,000)
1,520,000
18,635,000
100,000
37,000,000
600,000
37,700,000
56,335,000
56,335,000
56,788,414
200,000
2,600,000
50,000
2,850,000
200,000
900,000
100,000
300,000
1,500,000
600,000
4,950,000
3,000,000
1,500
1,000
9,300,000
1,250,000
40,000
45,000
(300)
15,000
–
10,000,000
41,300,000
625,000
9,000,000
475,000
1,750,000
300,000
6,270,000
69,720,000
450,000
85,000,000
500,000
85,950,000
155,670,000
1,750,000
7,875,000
150,000
2,000,000
120,000
475,000
50,000
1,637,500
14,057,500
87,000
19,000,000
200,000
19,287,000
33,344,500
33,344,500
33,272,268
175,000
2,650,000
115,000
2,940,000
190,000
900,000
85,000
250,000
1,425,000
825,000
5,190,000
3,000,000
1,650
5,400,000
1,145,000
300,000
42,000
7,500
3,000
3,000,000
(3,200,000)
18,300,000
(19,000,000)
25,000
1,900,000
(10,700,000)
75,000
(450,000)
145,000
(9,905,000)
(300,000)
(20,000,000)
(2,000,000)
(22,300,000)
(32,205,000)
(450,000)
2,400,000
(6,700,000)
20,000
(50,000)
85,000
117,500
(4,577,500)
(13,000)
(18,000,000)
(400,000)
(18,413,000)
(22,990,500)
(22,990,500)
30%
0%
44%
0%
4%
21%
0%
16%
0%
-150%
2%
-14%
-67%
-24%
-400%
-26%
-21%
-26%
30%
0%
-335%
17%
-11%
170%
7%
-33%
-15%
-95%
-200%
-95%
-69%
-69%
(25,000)
50,000
65,000
90,000
(10,000)
(15,000)
(50,000)
(75,000)
225,000
240,000
150
(1,000)
(3,900,000)
(105,000)
260,000
(3,000)
300
(7,500)
3,000
-14%
0%
2%
57%
0%
3%
0%
-5%
0%
-18%
-20%
-5%
27%
5%
0%
9%
0%
-72%
-9%
87%
-7%
0%
-100%
100%
Prior Year
$ Variance
% Variance
6,800,000
1,700,000
22,000,000
24,000,000
600,000
7,000,000
800,000
400,000
1,800,000
550,000
6,230,000
71,880,000
250,000
66,000,000
66,250,000
138,130,000
1,250,000
10,635,000
125,000
800,000
135,000
450,000
260,000
1,573,500
15,228,500
75,000
3,300,000
3,375,000
18,603,500
18,603,500
18,695,686
400,000
30,000
2,600,000
75,000
500
3,105,500
11,000
200,000
1,000,000
130,000
300,000
1,641,000
825,000
5,571,500
3,000,000
800
3,300,000
700,000
400,000
75,000
12,500
–
(200,000)
(1,500,000)
(1,000,000)
5,000,000
(100,000)
(9,900,000)
50,000
(200,000)
105,000
(7,745,000)
(500,000)
(39,000,000)
(2,500,000)
(42,000,000)
(49,745,000)
(950,000)
5,160,000
(25,000)
(7,900,000)
35,000
(75,000)
295,000
53,500
(3,406,500)
(25,000)
(33,700,000)
(600,000)
(34,325,000)
(37,731,500)
(37,731,500)
(38,092,728)
200,000
30,000
25,000
500
255,500
11,000
100,000
30,000
141,000
225,000
621,500
(700)
(1,000)
(6,000,000)
(550,000)
360,000
30,000
300
(2,500)
–
(2.9%)
(88.2%)
(4.5%)
20.8%
(1.4%)
(1237.5%)
2.8%
(36.4%)
1.7%
(10.8%)
(200.0%)
(59.1%)
(63.4%)
(36.0%)
(76.0%)
48.5%
(20.0%)
(987.5%)
25.9%
(16.7%)
113.5%
3.4%
(22.4%)
(33.3%)
(1021.2%)
(1017.0%)
(202.8%)
(202.8%)
(203.8%)
50.0%
100.0%
33.3%
100.0%
8.2%
100.0%
10.0%
23.1%
8.6%
27.3%
11.2%
(87.5%)
(181.8%)
(78.6%)
90.0%
40.0%
(20.0%)
–
Actual
CRAPS DROP – CASH
CRAPS DROP – CREDIT
BLACKJACK DROP-CASH
BLACKJACK DROP-CREDIT
SPANISH TWENTY-ONE DROP
ROULETTE DROP – CASH
ROULETTE DROP-CREDIT
LET IT RIDE DROP
PAI GOW POKER DROP
PAI GOW DROP
CARIBBEAN STUD DROP
SUBTOTAL
MINI BACCARAT DROP
MIDI BACCARAT DROP
BACCARAT DROP
TOTAL BACCARAT
TOTAL TABLE GAME DROP
CRAPS
BLACKJACK
SPANISH TWENTY ONE
ROULETTE
LET IT RIDE
PAI GOW POKER
PAI GOW
CARIBBEAN STUD
SUBTOTAL TABLE GAMES REVENUE
MINI BACCARAT
MIDI BACCARAT
BACCARAT
TOTAL BACCARAT
TABLE GAMES
TOTAL REVENUE
GROSS PROFIT
SALARIES
SALARIES-OVERTIME ELIGIBLE
WAGES – HOURLY
OVERTIME
OVERTIME-SALARIED
SALARIES & WAGES
HOLIDAY PAY-SALARY
EMPLOYEE MEALS
GROUP INSURANCE
RETIREMENT
FLEX TIME
PAYROLL BENEFITS
PAYROLL TAXES
TOTAL PAYROLL EXPENSES
BAD DEBT EXPENSE
BANKING & CREDIT
CASH VARIATIONS
CASINO DISCOUNTS & REBATES
ALLOWANCE 1
ALLOWANCE 1-NON-TAX DEDUCT
CASINO PAIDOUTS
COMMISSIONS
COMP-ON PROPERTY
TEAM BUILDING
Table Games
13,250,000
5,600,000
44,200,000
26,800,000
1,125,000
13,300,000
12,000,000
750,000
3,000,000
800,000
11,700,000
132,525,000
1,100,000
147,000,000
2,700,000
150,800,000
283,325,000
3,800,000
10,250,000
250,000
10,500,000
225,000
800,000
(40,000)
2,805,000
28,590,000
175,000
46,000,000
600,000
46,775,000
75,365,000
75,365,000
75,651,762
400,000
5,300,000
90,000
5,790,000
(5,000)
400,000
1,750,000
200,000
500,000
2,845,000
1,200,000
9,835,000
4,900,000
3,000
2,000
11,000,000
2,000,000
775,000
100,000
(300)
16,000
–
YEAR TO DATE
% Variance
Budget
$ Variance
21,400,000
86,000,000
1,300,000
19,000,000
1,000,000
3,600,000
650,000
13,075,000
146,025,000
775,000
147,300,000
850,000
148,925,000
294,950,000
3,600,000
16,325,000
325,000
4,100,000
240,000
990,000
100,000
3,400,000
29,080,000
150,000
32,300,000
275,000
32,725,000
61,805,000
61,805,000
61,896,355
375,000
5,500,000
210,000
6,085,000
390,000
1,800,000
185,000
525,000
2,900,000
1,500,000
10,485,000
6,000,000
3,300
9,400,000
2,000,000
500,000
85,000
12,000
6,000
8,150,000
(5,600,000)
41,800,000
(26,800,000)
175,000
5,700,000
(12,000,000)
250,000
600,000
(150,000)
1,375,000
13,500,000
(325,000)
300,000
(1,850,000)
(1,875,000)
11,625,000
(200,000)
6,075,000
75,000
(6,400,000)
15,000
190,000
140,000
595,000
490,000
(25,000)
(13,700,000)
(325,000)
(14,050,000)
(13,560,000)
(13,560,000)
38%
0%
49%
0%
13%
30%
0%
25%
17%
-23%
11%
9%
-42%
0%
-218%
-1%
4%
-6%
37%
23%
-156%
6%
19%
140%
18%
2%
-17%
-42%
-118%
-43%
-22%
-22%
(25,000)
200,000
120,000
295,000
5,000
(10,000)
50,000
(15,000)
25,000
55,000
300,000
650,000
1,100,000
300
(2,000)
(1,600,000)
(275,000)
(15,000)
300
(4,000)
6,000
-7%
0%
4%
57%
0%
5%
0%
-3%
3%
-8%
5%
2%
20%
6%
18%
9%
0%
-17%
0%
-55%
-18%
0%
-33%
100%
Prior Year
$ Variance
% Variance
13,400,000
3,650,000
43,800,000
46,300,000
1,200,000
14,000,000
1,750,000
900,000
3,200,000
1,200,000
10,870,000
140,270,000
550,000
165,000,000
165,550,000
305,820,000
2,000,000
23,030,000
330,000
2,600,000
325,000
830,000
360,000
2,779,500
32,254,500
135,000
34,400,000
34,535,000
66,789,500
66,789,500
66,852,227
665,000
66,000
5,600,000
200,000
1,000
6,532,000
23,000
420,000
2,000,000
250,000
575,000
3,268,000
1,400,000
11,200,000
6,000,000
(5,000)
11,500,000
1,650,000
650,000
200,000
18,000
–
150,000
1.1%
(1,950,000) (53.4%)
(400,000)
(0.9%)
19,500,000
42.1%
75,000
6.3%
700,000
5.0%
(10,250,000) (585.7%)
150,000
16.7%
200,000
6.3%
400,000
33.3%
(830,000)
(7.6%)
7,745,000
5.5%
(550,000) (100.0%)
18,000,000
10.9%
(2,700,000)
14,750,000
8.9%
22,495,000
7.4%
(1,800,000) (90.0%)
12,780,000
55.5%
80,000
24.2%
(7,900,000) (303.8%)
100,000
30.8%
30,000
3.6%
400,000 111.1%
(25,500)
(0.9%)
3,664,500
11.4%
(40,000) (29.6%)
(11,600,000) (33.7%)
(600,000)
(12,240,000) (35.4%)
(8,575,500) (12.8%)
(8,575,500) (12.8%)
(8,799,535) (13.2%)
265,000
39.8%
66,000 100.0%
300,000
5.4%
110,000
55.0%
1,000 100.0%
742,000
11.4%
28,000 121.7%
20,000
4.8%
250,000
12.5%
50,000
20.0%
75,000
13.0%
423,000
12.9%
200,000
14.3%
1,365,000
12.2%
1,100,000
18.3%
(8,000) 160.0%
(2,000)
500,000
4.3%
(350,000) (21.2%)
(125,000) (19.2%)
100,000
50.0%
300
2,000
11.1%
–
COMMENTS
1 of 4
STATEMENT OF OPERATIONS
TABLE GAMES
FOR THE PERIOD: Feb, 20XX
COMMENTS
CURRENT MONTH
% Variance
Actual
Budget
$ Variance
70,000
100
16,000
2,500
(6,000)
85,000
(15)
35
5,000
50
500
3,500
3,300,000
500
2,000
7,500
17,138,870
255,000
655,000
910,000
33,336,130
200
(3,500)
(21,000)
(24,300)
400,000
200,000
600,000
33,911,830
72,000
19,000
80,500
12,000
100
1,700
1,900,000
10,000
11,994,450
350
150,000
600,000
750,350
15,409,700
(18,000)
15,000
(3,000)
650,000
45,000
695,000
16,101,700
2,000
(100)
3,000
(2,500)
6,000
(4,500)
15
(35)
7,000
50
1,200
(3,500)
(1,400,000)
(500)
(2,000)
2,500
(5,144,420)
350
(105,000)
(55,000)
(159,650)
(17,926,430)
(200)
(14,500)
36,000
21,300
250,000
(155,000)
95,000
(17,810,130)
0%
3%
0%
16%
0%
0%
0%
0%
-6%
0%
0%
58%
50%
71%
0%
0%
-74%
0%
0%
0%
25%
-43%
100%
-70%
-9%
0%
-21%
-116%
0%
81%
0%
240%
-710%
38%
-344%
14%
-111%
Prior Year
$ Variance
% Variance
80,000
36,000
23,000
85,000
(200)
6,200
17,000
2,250
700,000
2,500
21,000
8,461,050
29,000
575,000
150
604,150
3,966,800
(8,500)
8,000
(43,000)
(43,500)
825,000
22,000
847,000
4,770,300
10,000
12.5%
(100)
20,000
55.6%
(2,500)
6,000
23,000 100.0%
(185) 92.5%
6,165
99.4%
12,000
70.6%
(50)
1,750
77.8%
(3,500)
(2,600,000) (371.4%)
(500)
500
20.0%
13,500
64.3%
(8,677,820) (102.6%)
(226,000) (779.3%)
(80,000) (13.9%)
150 100.0%
(305,850) (50.6%)
(29,369,330) (740.4%)
(200)
(5,000) 58.8%
8,000 100.0%
(22,000) 51.2%
(19,200) 44.1%
425,000
51.5%
(178,000) (809.1%)
247,000
29.2%
(29,141,530) (610.9%)
TEAM MEMBER AWARDS TAXES
EQUIPMENT RENTAL
GIFTS
MAINTENANCE CONTRACTS
FF&E NON-CAPITALIZED PURCHASES
HARDWARE NON-CAPITALIZED PURCH
SOFTWARE NON-CAPITALIZED PURCH
OP SUPPLIES-CATERING
OPERATING SUPPLIES
OTHER
COMP-OFF PROPERTY
OUTSIDE SERV-OTHER
POSTAGE & COURIER CHARGES
PRINTING & STATIONERY
PROMOTIONAL ITEMS
SMALL PARTS/SUPPLIES
TAXES & LICENSES
TELEPHONE
MEALS
TRAVEL & ENT TRANSP/LODGING
UNIFORMS
TOTAL OPERATING EXPENSES
COMPLIMENTARY ROOMS
COMPLIMENTARY FOOD
COMPLIMENTARY BEVERAGE
COMPLIMENTARY OTHER
LESS: PROMOTIONAL ALLOWANCES
DEPT PROFIT (LOSS) BEFORE ALLOC
ALLOCATION-FLORAL
ALLOC-LIMO
ALLOCATION – ISD
ALLOCATION – IGS
INTER-DEPARTMENT ALLOCATIONS
SERVICE EXP
I/C TIMESHARE EXP
INTERCOMPANY EXPENSES
DEPARTMENT PROFIT (LOSS)
Table Games
YEAR TO DATE
% Variance
Actual
Budget
$ Variance
4,000
145,000
800
33,000
2,500
100
160,000
(50)
850
13,000
250
525
3,700
4,000,000
1,700
100
5,000
22,000
23,188,175
(4,000)
480,000
1,250,000
(100)
1,725,900
40,615,925
200
(42,000)
190,000
148,200
975,000
300,000
1,275,000
42,039,125
144,000
40,000
161,000
25,000
200
3,400
3,500,000
20,000
21,899,900
625
300,000
1,225,000
1,525,625
27,894,475
(20,000)
128,000
108,000
1,300,000
90,000
1,390,000
29,392,475
(4,000)
(1,000)
(800)
7,000
(2,500)
(100)
1,000
50
(850)
12,000
(50)
2,875
(3,700)
(500,000)
(1,700)
(100)
(5,000)
(2,000)
(1,288,275)
4,625
(180,000)
(25,000)
100
(200,275)
(12,721,450)
(200)
22,000
(62,000)
(40,200)
325,000
(210,000)
115,000
(12,646,650)
0%
-1%
0%
18%
0%
0%
0%
0%
1%
0%
0%
48%
-25%
85%
0%
0%
-14%
0%
0%
0%
-10%
-6%
740%
-60%
-2%
0%
-13%
-46%
0%
-110%
0%
-48%
-37%
25%
-233%
8%
-43%
Prior Year
$ Variance
% Variance
110,000
700
72,000
13,000
68,000
165,000
(500)
9,000
53,000
100
5,300
3,500,000
5,300
50,000
24,063,900
500
83,000
1,150,000
2,200
1,235,700
30,289,900
(19,000)
18,000
155,000
154,000
1,700,000
150,000
1,850,000
32,293,900
(4,000)
(35,000) (31.8%)
(100)
39,000
54.2%
10,500
(100)
68,000 100.0%
5,000
3.0%
(450) 90.0%
8,150
90.6%
40,000
75.5%
(150)
4,775
90.1%
(3,700)
(500,000) (14.3%)
(1,700)
(100)
300
5.7%
28,000
56.0%
875,725
3.6%
4,500
(397,000) (478.3%)
(100,000)
(8.7%)
2,300 104.5%
(490,200) (39.7%)
(10,326,025) (34.1%)
(200)
23,000 (121.1%)
18,000 100.0%
(35,000) (22.6%)
5,800
3.8%
725,000
42.6%
(150,000) (100.0%)
575,000
31.1%
(9,745,225) (30.2%)
COMMENTS
2 of 4
STATEMENT OF OPERATIONS
SUPPORT – FRONT OF HOUSE
FOR THE PERIOD: Feb, 20XX
COMMENTS
Actual
Budget
33,000
90,000
407,000
3,000
700
533,700
27,000
140,000
18,000
45,000
230,000
78,000
841,700
1,200
100
(13,500)
4,000
150
3,000
8,000
25
18,000
20,975
(820,725)
(820,725)
32,000
92,000
418,000
12,000
554,000
27,000
145,000
15,000
45,000
232,000
88,000
874,000
900
750
(19,000)
5,000
18,000
550
1,250
7,450
(866,550)
(867,450)
$ Variance
CURRENT MONTH
% Variance
Prior Year
(1,000)
2,000
11,000
9,000
(700)
20,300
5,000
(3,000)
2,000
88,001
110,301
900
(1,200)
(100)
750
(5,500)
(4,000)
(150)
2,000
10,000
525
(16,750)
(13,525)
(123,826)
(124,726)
-3%
2%
3%
75%
0%
4%
0%
0%
0%
3%
-20%
0%
1%
100%
13%
100%
0%
0%
0%
100%
0%
29%
0%
0%
0%
40%
0%
56%
0%
95%
0%
-1340%
-182%
14%
14%
32,000
79,000
319,000
8,800
1,500
440,300
1,850
500
22,000
111,000
16,000
37,000
188,350
63,000
691,650
2,300
(11,000)
850
5,000
(600)
13,500
700
300
500
11,550
(680,100)
(680,100)
$ Variance
(1,000)
(11,000)
(88,000)
5,800
800
(93,400)
1,850
500
(5,000)
(29,000)
(2,000)
(8,000)
(41,650)
63,001
(72,049)
1,100
(100)
2,500
(4,000)
700
2,000
(600)
5,500
675
300
(17,500)
(9,425)
62,624
62,624
% Variance
(3.1%)
(13.9%)
(27.6%)
65.9%
53.3%
(21.2%)
100.0%
100.0%
(22.7%)
(26.1%)
(12.5%)
(21.6%)
(22.1%)
100.0%
(10.4%)
47.8%
(22.7%)
82.4%
40.0%
100.0%
40.7%
96.4%
100.0%
(3500.0%)
(81.6%)
(9.2%)
(9.2%)
SALARIES
SALARIES-OVERTIME ELIGIBLE
WAGES – HOURLY
OVERTIME
OVERTIME-SALARIED
SALARIES & WAGES
HOLIDAY PAY-SALARY
EMPLOYEE EVENTS
EMPLOYEE MEALS
GROUP INSURANCE
RETIREMENT
FLEX TIME
PAYROLL BENEFITS
PAYROLL TAXES
TOTAL PAYROLL EXPENSES
BANKING & CREDIT
CASH VARIATIONS
COMP-ON PROPERTY
EMPLOYEE AWARDS
TEAM BUILDING
EMPLOYEE AWARDS TAXES
(GAIN)/LOSS ON FOREIGN EXCHANGE
MAINTENANCE CONTRACTS
FF&E NON-CAPITALIZED PURCHASES
HARDWARE NON-CAPITALIZED PURCH
OPERATING SUPPLIES
OTHER
OUTSIDE SERV-OTHER
POSTAGE & COURIER CHARGES
PRINTING & STATIONERY
REPAIRS & MAINTENANCE
UNIFORMS
TOTAL OPERATING EXPENSES
DEPT PROFIT (LOSS) BEFORE ALLOC
DEPARTMENT PROFIT (LOSS)
Operations
Actual
Budget
70,000
183,000
857,000
7,600
1,500
1,119,100
(900)
300
54,000
280,000
35,000
94,000
462,400
78,000
1,659,500
600
2,500
100
1,100
125
(49,000)
4,000
150
500
9,000
39,500
100
25
21,000
29,700
(1,629,800)
(1,630,400)
68,000
194,000
880,000
30,000
1,172,000
57,000
287,000
30,000
95,000
469,000
78,001
1,719,001
1,800
1,500
(38,000)
9,200
36,000
1,100
2,500
14,100
(1,704,901)
(1,706,701)
$ Variance
(2,000)
11,000
23,000
22,400
(1,500)
52,900
900
(300)
3,000
7,000
(5,000)
1,000
6,600
78,002
137,502
1,200
(2,500)
(100)
(1,100)
1,500
(125)
11,000
(4,000)
(150)
(500)
200
(3,500)
(100)
1,075
(18,500)
(15,600)
(153,102)
(154,302)
YEAR TO DATE
% Variance
Prior Year
(2.9%)
5.7%
2.6%
74.7%
4.5%
5.3%
2.4%
(16.7%)
1.1%
1.4%
100.0%
8.0%
66.7%
100.0%
(28.9%)
2.2%
(9.7%)
97.7%
(740.0%)
(110.6%)
9.0%
9.0%
54,000
171,000
673,000
30,000
70,000
998,000
4,000
500
47,000
226,000
30,000
77,000
384,500
78,001
1,460,501
375
(2,200)
(36,000)
900
17,000
(500)
30,000
25
725
450
2,400
13,175
(1,447,326)
(1,447,701)
$ Variance
(16,000)
(12,000)
(184,000)
22,400
68,500
(121,100)
4,900
200
(7,000)
(54,000)
(5,000)
(17,000)
(77,900)
78,002
(120,998)
(225)
(4,700)
(100)
(1,100)
(125)
13,000
(4,000)
750
(500)
8,000
(500)
(9,500)
(75)
700
450
(18,600)
(16,525)
104,473
104,698
% Variance
COMMENTS
(29.6%)
(7.0%)
(27.3%)
74.7%
97.9%
(12.1%)
122.5%
40.0%
(14.9%)
(23.9%)
(16.7%)
(22.1%)
(20.3%)
100.0%
(8.3%)
(60.0%)
213.6%
(36.1%)
83.3%
47.1%
100.0%
(31.7%)
(300.0%)
96.6%
100.0%
(775.0%)
(125.4%)
(7.2%)
(7.2%)
3 of 4
STATEMENT OF OPERATIONS
SUPPORT – BACK OF HOUSE
FOR THE PERIOD: Feb, 20XX
COMMENTS
Actual
Budget
15,000
10,500
25,500
875
4,250
525
1,750
7,400
7,000
39,900
(100)
400
8,000
300
8,600
(48,500)
(2,850)
(2,850)
(51,350)
20,000
10,000
30,000
850
4,375
425
1,800
7,450
9,000
46,450
100
25
200
125
3,500
500
4,450
(50,900)
(50,900)
$ Variance
CURRENT MONTH
% Variance
Prior Year
5,000
(500)
4,500
(25)
125
(100)
50
50
2,000
6,550
200
25
200
(275)
(4,500)
200
(4,150)
(2,400)
2,850
2,850
450
25%
-5%
0%
0%
15%
0%
-3%
3%
-24%
3%
1%
22%
14%
200%
100%
100%
-220%
0%
-129%
40%
0%
-93%
5%
0%
0%
-1%
16,000
7,000
23,000
100
700
3,300
600
1,100
5,800
6,600
35,400
100
100
400
600
(36,000)
(36,000)
$ Variance
1,000
(3,500)
(2,500)
100
(175)
(950)
75
(650)
(1,600)
(400)
(4,500)
200
(300)
(8,000)
100
(8,000)
12,500
2,850
2,850
15,350
% Variance
6%
-50%
0%
0%
-11%
100%
-25%
-29%
13%
-59%
-28%
-6%
-13%
200%
0%
0%
-300%
0%
0%
25%
0%
-1333%
-35%
0%
0%
-43%
SALARIES
SALARIES-OVERTIME ELIGIBLE
WAGES – HOURLY
OVERTIME-SALARIED
SALARIES & WAGES
HOLIDAY PAY-SALARY
EMPLOYEE MEALS
GROUP INSURANCE
RETIREMENT
FLEX TIME
PAYROLL BENEFITS
PAYROLL TAXES
TOTAL PAYROLL EXPENSES
DUES,MEM, & SUBS
TEAM BUILDING
TRAINING
OPERATING SUPPLIES
OUTSIDE SERV-VENDOR TRAVEL EXP
OUTSIDE SERV-OTHER
POSTAGE & COURIER CHARGES
MEALS
TOTAL OPERATING EXPENSES
DEPT PROFIT (LOSS) BEFORE ALLOC
CORPORATE ALLOCATION
INTER-DEPARTMENT ALLOCATIONS
DEPARTMENT PROFIT (LOSS)
Support
Actual
Budget
$ Variance
35,000
25,000
0
60,000
1,800
8,500
1,000
4,000
15,300
21,000
96,300
100
400
400
600
9,500
650
11,650
(107,950)
(6,000)
(6,000)
(113,950)
31,500
22,000
53,500
3,000
8,750
1,000
3,750
16,500
27,000
97,000
300
600
600
300
7,000
1,500
10,300
(107,300)
(107,300)
(3,500)
(3,000)
(0)
(6,500)
1,200
250
(250)
1,200
6,000
90.4%
200
200
200
(300)
(2,500)
850
(1,350)
1,349
6,000
6,000
7,349
YEAR TO DATE
% Variance
11%
14%
0%
0%
12%
0%
-40%
-3%
0%
7%
-7%
-22%
0%
-67%
-33%
-33%
100%
0%
36%
-57%
0%
13%
1%
0%
0%
7%
Prior Year
33,000
14,000
47,000
300
1,500
6,500
1,000
2,000
11,300
20,000
78,300
300
300
1,200
1,800
(80,100)
(80,100)
$ Variance
(2,000)
(11,000)
(0)
(13,000)
300
(300)
(2,000)
(2,000)
(4,000)
(1,000)
(18,000)
200
(400)
(400)
(300)
(9,500)
550
(9,850)
27,850
6,000
6,000
33,850
% Variance
COMMENTS
41.2%
17.5%
58.7%
0.4%
1.9%
8.1%
1.2%
2.5%
14.1%
25.0%
97.8%
0.4%
0.4%
1.5%
2.2%
(100.0%)
(100.0%)
4 of 4
MHA 608
Dragon Casino
P&L Review Assignment
PURPOSE
The purpose of this project is to review the P&L statements (Statements of Operations)
provided. As a result of this assignment, students will be more familiar with the specific
departmental budgets compared to actual current and prior year operating results. The
dollar and percentage variances will lead to analysis of operations, budget process, and
forecasting future performance.
This assignment is intended to integrate the material learned in class and specifically
Module 6. All accounting/auditing work ultimately rolls up to the generation of
departmental and property financial statements. This data results in operators analyzing
their financial performance and making adjustments if necessary, but also preparing to
conduct their forecast and budgets.
Submissions are expected to resemble those presented to an upper level manager in a
hospitality operation and will give students an opportunity to apply written
communication skills.
TASK
For question 1-4 explain current month and year to date.
1. (10 points) Explain potential causes for the $ Variance and % Variance in the
Table Games “Casino Discounts & Rebates” line item.
2. (10 points) Explain potential causes for the $ Variance and % Variance in the
Operations “(Gain) Loss on Foreign Exchange” line item.
3. (10 points) Explain potential causes for the $ Variance and % Variance in the
Support “Corporation Allocation” line item.
4. (10 points) Explain potential causes for the $ Variance and % Variance in the
Table Games “Taxes & Licenses” line item.
5. (10 points) In general, explain the reason to budget for “Team Building”. What
is the financial purpose and benefit?
6. (10 points) Note and explain the differences between the Operations and
Support Statements of Operation.
7. (15 points) Explain the term “Salaries – Overtime Eligible”. Should overtime be
budgeted? Why?
8. (15 points) Explain the difference between a capital expense and an operating
expense.
9. (10 points) What is the reason we post “Inter-Department Allocations” on the
Statement of Operations?
CRITERIA
Your grade will be based on the points listed above next to each question.
This assignment is required to be done in Word. Each question is to be responded to
separately.
Unprofessional work such as not formatted, many misspellings, etc. will not be graded
and will receive a zero. In industry we consider unprofessional work a sign that you do
not take the work seriously and that the analysis is rushed through and not thoroughly
thought out and many if not all readers will discard what you have written.
This assignment must be turned in on WebCampus before the due date and time listed on
the syllabus.

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