Official financial reports through April and unofficial reports through May , indicate that club operations are ahead of budget . This is good news because club members are what makes this happen .
There are three significant revenue categories for the club : Golf , Food & Beverage ( F & B ), and Dues . When we compare the first four months of 2022 to the same period for 2021 and 2018 , we have mixed results . F & B revenue in 2022 is still behind the club pre-Covid level of 2018 . On the flip side , Golf revenue ( for the first four-month ) period is much better than pre-Covid 2018 , as well as last year . These are good trends in the chart below :
REVENUE JAN-APR 2022 JAN-APR 2021 % INCREASE JAN-APR 2018 % INCREASE
Golf $ 107,754 $ 87,527 23 % $ 71,071 52 %
F & B $ 131,208 $ 84,239 56 % $ 197,909 -34 %
Dues $ 231,520 $ 224,192 3 % $ 227,596 2 %
Total $ 470,482 $ 395,958 19 % $ 496,576 -5 %
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 a 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 .
Finance Committee Chair