FINANCE COMMITTEE
Reports are available through May 2022 and the club results continue to be on track with the budget plan . In some areas we are ahead of plan as you will see below .
The three revenue categories for the club are Golf , Food & Beverage ( F & B ), and Member Dues . When we compare the first five months of 2022 to the same period for 2021 and 2018 , you will see promising trends .
• Golf revenue in 2022 continues to track ahead of last year and over 60 % 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 May , we have a net of nine new memberships against a goal for 25 new memberships . June and July will be critical months to hit this goal .
REVENUE JAN-MAY 2022 JAN-MAY 2021 % INCREASE JAN-APR 2018 % INCREASE
Golf $ 157,853 $ 148,100 7 % $ 97,568 62 %
F & B $ 170,806 $ 119,144 43 % $ 219,670 -22 %
Dues $ 295,111 $ 279,680 6 % $ 284,879 4 %
Total $ 623,770 $ 546,924 14 % $ 602,117 4 %
Reported last month for April YTD :
Total $ 470,482 $ 395,958 19 % $ 496,576 -5 %
Overall the club financial results are ahead of budget for 2022 . Last fall the board took a realistic budget approach to admit that the club will not dig out of Covid to profitability in one year – it will take two years to recover . A loss is budgeted for 2022 and the budget goals for the following year set-up the club for break-even or profitable year in 2023 .
Thanks for your support on the golf course and social events at the club . Look forward to seeing you at the club .
By :
Natalie Garvis
Finance Committee Chair
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