Summary of November 2024
The club’s financial performance in November saw an increase in total revenue over last month, but it was below budget expectations.
Financial Summary
- Monthly Revenue: $1,155,975, falling short by $69,226.
- YTD Revenue: $2,053,178, under budget by $345,687 behind last year by $20,700.
- Operating Profit: Monthly loss of $131,998, missing the budget by $303,625.
Departmental Performance
- Food & Beverage: Revenue was $219,192, trailing the budget by $145,060. Revenue was unfavorable to budget due to the Wheelhouse did not open as planned. Employee Uniforms were unfavorable to budget by ($2,472), but are under budget year-to-date. Events and Tournaments were unfavorable to budget by ($2,200), due to the timing of invoices. Contract Services were unfavorable to budget by ($1,343) due to the timing of services, but are under budget year-to-date. Supplies were unfavorable to budget by ($4,183) due to the timing of invoices.
- Golf: Revenue was $40,535, fell short of budget by ($9,170) and behind last year by ($10,625).
- Tennis: Revenue was $25,998, fell short of budget by ($4,457). Operating costs were unfavorable to budget due to the need to order pickleball supplies. Miscellaneous expenses were higher due to much needed lighting additions. Total Revenue was down due to the Director not being able to offer lessons; only two staff professionals were teaching lessons.
- Marina: Revenue was $388,745, exceeded budget by $95,405 and surpassed last year by $59,112.
- Administration & General: Over budget by $27,947 due to contract labor.
- Community Patrol: Over budget by $7,509.
- Golf Course & Property Maintenance: GCM expenses were under budget by $11,339 but Property Maintenance was over by $47,250 largely due to hurricane rental and repair expenses as well as Helm Club roof repairs.
Balance Sheet
- Infrastructure Reserve: $336,034
- Reserves Future Long Range: $243,066
- Operating Cash Balance: $709,199
