PINETREE MOTEL

Operating Statement for 2005

(in industry trade journal format)

Dollars

Percentages*

Revenues:
Room rentals ($236,758- $1,660)..................................................................................................................................
$235,098
96.8
Other revenue ................................................................................................................................................................
7,703
3.2
Total Revenues .......................................................................................................................................................
242,801
100.0

Operating Expenses:
Payroll costs
($86,100+$26,305+$2,894-$795-$84+$1,128+$126) ...................................................................................................
115,674
47.6
Administrative and general............................................................................................................................................

Direct operating expense ($8,800 + $1,660 + $6,820) ..................................................................................................

17,280
7.1
Fees and commissions ...................................................................................................................................................

Advertising and promotion($2,335 - $600 + $996).......................................................................................................

2,731
1.1
Repairs and maintenance ...............................................................................................................................................
8,980
3.7
Utilities
($12,205+$2,789+$5,611-$933-$105-$360+$840+$75+$153+
20,767
8.6
492)................................................................................................................................................................................
Total ........................................................................................................................................................................
165,432
68.1

Fixed expenses:
Property taxes, fees ($9,870 - $1,005 + $1,119)............................................................................................................
9,984
4.1
Insurance ($11,584 - $2,025).........................................................................................................................................
9,559
3.9
Depreciation ..................................................................................................................................................................
30,280
12.5
Interest ($10,605 - $687 + $579) ...................................................................................................................................
10,497
4.3
Rent ...............................................................................................................................................................................

Total ........................................................................................................................................................................
60,320
24.8
Profit(pretax) .......................................................................................................................................................................
$ 17,049
7.1
As a rough composition that attempts to adjust for the Kims (and probably other survey
respondents) dual roles as owners and operators,it is suggested to add three accounts:

Pinetree

Average

Payroll costs .............................................................................................................................................................

47.6
22.5
Administrative/general .............................................................................................................................................

4.2
Profit.........................................................................................................................................................................
7.1
20.7
Total .........................................................................................................................................................................
54.7
47.4