SUMMARY OF AUGUST 2024
As we close out the current period, we are pleased to report that our overall revenue exceeded the budget by $44,352. The Marina Department had a strong performance in August. While fuel sales were slightly under budget, subcontractor work exceeded expectations, resulting in a favorable variance of $48,459. The department posted a profit of $41,503 for the month, contributing positively to overall results. However, the other departments faced challenges and fell short in expected revenues.
FINANCIAL SUMMARY
• Total Club Revenue: $859,031 (Budget: $814,679; Variance: $44,352)
• Gross Operating Profit: $-16,913 (Budget: $-22,733; Variance: $5,820)
DEPARTMENTAL PERFORMANCE
• Food and Beverage Revenue: $79,555 (Budget: $81,582; Variance: -$2,027)
• Golf Revenue: $15,350 (Budget: $16,263; Variance: -$913)
• Tennis Revenue: $11,184 (Budget: $16,449; Variance: -$5,265)
• Marina Revenue: $308,578 (Budget: $257,453; Variance: $51,125)
• Administration & General: Expenses: $59,550 (Budget: $29,968; Variance: $29,582)
• Community Patrol: Expenses: $47,529 (Budget: $44,016; Variance: $3,513)
• Golf Course Maintenance: Expenses: $81,829 (Budget: $90,824; Variance: $8,995)
• Property Maintenance: Expenses: $85,126 (Budget: $74,323; Variance: $10,803)
BALANCE SHEET
• Infrastructure Reserve: $332,520
• Reserves Future Long Range: $240,525
• Operating Cash Balance: $1,915,784
