FINANCE UPDATE

As you can see in the tables below , LGCC is still experiencing negative financial outcomes . While LGCC continues to exceed 2021 revenues as reflected below ( please note , the Other revenue includes the support being received by a generous member ), we have not yet achieved balanced operations .

REVENUE JAN-OCT 2022 JAN-OCT 2021 $ CHANGE % CHANGE

Golf $ 370,749 $ 348,961 $ 21,788 6 %

F & B $ 417,211 $ 323,881 $ 93,331 29 %

Dues $ 615,322 $ 611,530 $ 3,792 1 %

Other $ 97,487 $ 16,208 $ 81,279 501 %

Total $ 1,500,769 $ 1,300,580 $ 200,189 15 %

As compared to the budget , with the inclusion of the additional support being received , Total Revenues are exceeding the budget by 5 %. However , without that additional support , revenues are running 1 % behind compared to the budget through October . In addition , expenses are over budget by approximately 4 %, or $ 58k . Overall , LGCC is running $ 19k positive to the budget , but would be $ 72k negative to the budget without counting the additional support received .

REVENUE JAN-OCT 2022 JAN-OCT 2021 $ DIFFERENCE % DIFFERENCE

Total Revenues $ 1,500,769 $ 1,423,726 $ 77,042 105 %

Total Expenses $ 1,666,721 $ 1,608,715 $ -58,006 104 %

Net Income $ -165,952 $ -184,989 $ -19,037 90 %

Thank you for your membership and support of LGCC . It takes all of us to make our club move forward .

Finance Committee Chair

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