Statement of Cash Flows Highlights – 2025 Operating activities generated $ 2.1 million in cash, consistent with 2024 results and reflective of stable operating performance.
Investing activities used $ 22.8 million, $ 362,000 less than the prior year. Capital expenditures totaled $ 9.3 million, a $ 6.0 million reduction from 2024 as the Club completed key infrastructure projects, including installation of emergency generators at the Golf Club and West Club, generators for pump houses to enhance storm resiliency, improvements to the Chapin and Clarkson parking lots, and various equipment upgrades across departments. In addition, the Club had a net investment of $ 5.7 million related to active Treasury portfolio management.
Financing activities provided $ 16.3 million, a decrease of $ 731,000 from 2024. The primary sources of funding were capital contributions from membership resales and annual capital contribution income from the current membership. Cash and cash equivalents declined by $ 4.5 million to $ 11.1 million at year-end, reflecting the planned use of funds for capital improvements and increased investment in U. S. Treasury securities.
Overall, cash flows remained stable, with positive operations and continued member-supported capital funding.
John’ s Island Club is responsible for the preparation and fair presentation of the financial statements and related notes presented. We have made appropriate management decisions, performed those management functions and we have accepted responsibility for all significant judgements and decisions that were made. RSM US LLP audited our financial statements to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. RSM US LLP drafted the financial statements and management has accepted responsibility for the results of the services.
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