FINANCE UPDATE
LGCC continues to exceed 2021 revenues as reflected below . ( Please note , the Other revenue includes the support being received by a generous member .)
REVENUE JAN-SEP 2022 JAN-SEP 2021 $ CHANGE % CHANGE
Golf $ 334,068 $ 302,710 $ 31,358 10 %
F & B $ 355,838 $ 277,402 $ 78,436 28 %
Dues $ 548,200 $ 545,923 $ 2,277 0.4 %
Other $ 75,993 $ 16,342 $ 59,651 365 %
Total $ 1,314,099 $ 1,142,378 $ 97,216 15 %
As seen in the table below , with the inclusion of the additional support being received , Total Revenues are exceeding the budget by 4 %. However , without that additional support , revenues are running 2 % behind compared to the budget through September . In addition , expenses are over budget by approximately 4 %, or $ 62k . Overall , LGCC is running $ 12k negative to the budget overall and $ 85k without counting the additional support received .
REVENUE JAN-SEP 2022 JAN-SEP 2021 $ CHANGE % CHANGE
Golf |
$ 334,068 |
$ 341,322 |
$ -7,254 |
98 % |
F & B |
$ 355,838 |
$ 330,516 |
$ 25,322 |
108 % |
Dues |
$ 548,200 |
$ 567,676 |
$ -19,476 |
97 % |
Other |
$ 75,993 |
$ 24,299 |
$ 51,694 |
313 % |
Total Revenues $ 1,314,099 $ 1,263,814 $ 50,285 104 %
Total Expenses $ 1,511,359 $ 1,448,896 $ -62,463 104 %
Net Income $ -197,261 $ -185,083 $ -12,178 107 %
As shared previously , management continues to work through the challenges of deferred maintenance , staffing , weather cancellations , and other ups and downs of club management , but is working diligently to manage and reduce costs where possible before year-end .
Thank you for your membership and support as LGCCcontinue to make strides forward . See you at the club !
Scott Shank
Finance Committee Chair
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