FINANCIAL UPDATE
The club is half-way through the year , financially speaking . Even though you are reading this in mid-August , the most recent financials available are for the first six months of the year .
The major revenue categories for the club are Golf , Food & Beverage ( F & B ), and Member Dues . The chart below compares the first six months of 2022 to the same periods for 2021 and 2018 .
• Golf revenue in 2022 continues to track ahead of last year and 37 % ahead of 2018 .
• F & B revenue in 2022 is behind the pre-Covid level of 2018 but well ahead of last year . More outside events will eventually get the club back to pre-Covid levels .
• Member Dues are improving thanks to modest rate increases and new memberships . Through June , we have a net of 16 new memberships against a goal for 25 new memberships .
REVENUE JAN-APR 2022 JAN-APR 2021 % INCREASE JAN-APR 2018 % INCREASE
Golf $ 209,502 $ 185,530 13 % $ 152,539 37 %
F & B $ 224,336 $ 158,429 42 % $ 311,972 -28 %
Dues $ 353,321 $ 346,227 2 % $ 342,286 3 %
Total $ 787,159 $ 690,186 14 % $ 806,798 -2 %
Overall , the club financial results are on track with the budget for 2022 . Management is working to keep us on track as we weather the ups and downs for deferred maintenance and staffing challenges .
We hope you are enjoying the club ( and spending lots of $ on F & B ) during the dog days of July and August . We are getting great feedback on the Pool Café , so make sure you visit before the season is over . Thanks for your support . See you at the club !
By :
10
Natalie Garvis
Finance Committee Chair