FINANCE COMMITTEE
After feedback at the annual meeting , the Finance Committee reports the following numbers so members can better understand the club financial status . LGCC is in the ballpark with many other golf and country clubs around the country in 2021 . We are not making a profit , and the club continues to work toward positive cash flow each month . With the PPP income , LGCC expects to have a positive cash flow in 2021 .
The Numbers YTD August 31
2021 Golf Rounds -member 5,624 Golf Rounds -non-member 5,286 Net New Members 25
Revenues $ 993,859 Expenses $ 1,267,363 Net Loss $( 273,504 )
Cash Used in Operations $( 212,658 )
PPP income ( not in Net Loss or Cash Used )
$ 297,262
Cash balance at Aug 31 $ 289,573
By :
LGCCC Finance Committee
Natalie Garvis -Chair , Jack Bovay , Jason Melvin , Thom Gill , Kevin Burke , Carroll Comstock , Scott Shank , Bobby Hobbs .
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