Uniform System of Financial Reporting for Clubs is a club accounting resource for club managers, officers, and controllers that provides a total financial reporting system.

This revised edition is a joint collaboration between Hospitality Financial and Technology Professionals (HFTP) and Club Managers Association of America (CMAA). It offers a flexible turnkey financial reporting system geared specifically to member-owned, not-for-profit city and country clubs.

Uniform System of Financial Reporting for Clubs includes:

• formats for all financial statements and supporting schedules
• definitions for all line items
• practical information about financial analysis
• projections, and budgeting; a broad discussion of relevant tax issues
• a detailed expense dictionary
• and more

Contents

1. Basic Financial Statements
   • Statement of Financial Position (Balance Sheet)
   • Statement of Activities (Income Statement)
   • Statement of Cash Flows
   • Notes to Financial Statements

2. Statement of Activities—Departmental Form
   • Statement of Activities—City Club
   • Statement of Activities—Country Club

3. Departmental Schedules (Selected Detail)
   1. Food
   2. Beverage
   3. Entertainment
   4. Overnight Rooms
   5. Golf Operations
   6. Golf Shop
   7. Golf Course Maintenance
   8. Racquet Sports
   9. Racquet Shop
   10. Aquatic Sports
   11. Health and Fitness
   12. Locker rooms
   13. Telecommunications
   14. Other Operating Departments
   15. Rentals and Other Revenue
   16. Administrative and General
   17. Clubhouse
   18. Facility Maintenance and Energy
   19. Fixed Charges and Income Taxes
   20. Houste Laundry
   21. Payroll Taxes and Employee Benefits

   Appendices

   1. Financial Statement Formats
   2. Ratio Analysis and Statistics
   3. Projections and Budgeting
   4. Sample Chart of Acounts
   5. Illustrated Statements and Schedules
   6. Club Taxation
   7. Expense Dictionary

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