Saddlebrook Rental Pool Operation (Tables) (Saddlebrook Rental Pool Operation [Member])

12 Months Ended

Dec. 31, 2013

Saddlebrook Rental Pool Operation [Member]

Schedule of Financial Information

Saddlebrook Rental Pool Operation

Balance Sheets

December 31, 2013 and 2012

	2013		2012
Distribution Fund
Assets
Receivable from Saddlebrook Resorts, Inc.	$	397,460	$	527,234
Liabilities and Participants’ Fund Balance
Due to participants for rental pool distribution	$	391,667	$	449,362
Due to maintenance escrow fund		5,793		77,872
	$	397,460	$	527,234
Maintenance Escrow Fund
Assets
Cash in bank	$	221,846	$	237,059
Receivables
Distribution fund		5,793		77,872
Prepaid expenses and other assets		10,861		14,234
Linen inventory		76,644		43,600
Furniture inventory		92,397		49,748
	$	407,541	$	422,513
Liabilities and Participants’ Fund Balance
Due to Saddlebrook Resorts, Inc.	$	84,725	$	92,946
Participants’ fund balance		322,816		329,567
	$	407,541	$	422,513

The accompanying notes are an integral part of these financial statements.

Saddlebrook Rental Pool Operation

Statements of Operations

Years Ended December 31, 2013 and 2012

	2013			2012
Distribution Fund
Rental pool revenues	$	6,453,949		$	7,764,308
Deductions
Marketing fee		484,047			582,323
Management fee		806,744			970,539
Travel agent commissions		239,880			340,310
Bad debt reserve		—			—
Credit card expense		171,714			184,228
		1,702,385			2,077,400
Net rental income		4,751,564			5,686,908
Operator share of net rental income		(2,138,203	)		(2,559,109	)
Other revenues (expenses)
Complimentary room revenues		23,631			35,350
Minor repairs and replacements		(225,424	)		(132,868	)
Amounts available for distribution to participants and maintenance escrow fund	$	2,411,568		$	3,030,281

The accompanying notes are an integral part of these financial statements.

Saddlebrook Rental Pool Operation

Statements of Changes in Participants’ Fund Balance

Years Ended December 31, 2013 and 2012

	2013			2012
Distribution Fund
Balances, beginning of year	$	—		$	—
Additions
Amounts available for distribution		2,411,568			3,030,281
Reductions
Amounts withheld for maintenance escrow fund		(273,365	)		(471,172	)
Amounts accrued or paid to participants		(2,138,203	)		(2,559,109	)
Balances, end of year	$	—		$	—
Maintenance Escrow Fund
Balances, beginning of year	$	329,567		$	266,786
Additions
Amount withheld from distribution fund		273,365			471,172
Unit owner payments		120,000			252,425
Interest earned		39			90
Reductions
Unit renovations		(6,991	)		(81,462	)
Refunds of excess amounts in escrow accounts		(3,944	)		(1,414	)
Maintenance charges		(282,894	)		(402,649	)
Linen expense		(106,326	)		(175,381	)
Balances, end of year	$	322,816		$	329,567