SUMMARY OF SEPTEMBER 2024
The club’s financial performance in September saw revenue and profit below budget expectations.
FINANCIAL SUMMARY
• Monthly Revenue: $823,202, falling short by $11,938
• YTD Revenue: $12,776,090, under budget by $423,263 but ahead of last year by $361,094
• Operating Profit: Monthly loss of ($43,191), while YTD operating profit is $283,584, missing the budget by $387,209
DEPARTMENTAL PERFORMANCE
• Food & Beverage: Revenue was $82,634, trailing the budget by $23,128. Costs for food were 41.5% (above budget), and wages were significantly over budget. YTD loss reached ($707,601), exceeding budgeted loss by $273,703.
• Golf: Revenue of $24,475 exceeded budget by $8,232, but higher merchandise costs led to a YTD loss of ($170,774), a negative variance of $84,911.
• Tennis: YTD loss is $407,263, slightly better than the budget by $8,412, though revenue lags by $35,595.
• Marina: Fuel sales were below budget, but subcontractor work offset this. The department reported a profit of $13,984 for the month.
• Administration & General: Over budget by $18,191 due to contract labor.
• Community Patrol: Exceeded budget by $12,950 with a YTD loss of ($566,497), over budget by $29,572.
• Golf Course & Property Maintenance: Both departments faced monthly and YTD budget overages, mainly in expenses.
• Utilities: Utility expenses came in $3,542 under budget.
BALANCE SHEET
• Infrastructure Reserve: $333,746
• Reserves Future Long Range: $241,412
• Operating Cash Balance: $1,942,136
