Page 37 - Renovation Project: York Club 2023
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Club’s Business Model
Operationally, the Club generates 53% of its revenue
through food and beverage, 9% through other revenue and
38% through annual dues; its operating expenses lie in
payroll (75%), occupancy (14.5%), operating (6.75%) and
administration (3.7%), for an overall surplus of 0.5%.
The Club’s Capital Fund is generated annually through the
Capital Levy ($770,000) and Entrance Fees (approx.
$1,000,000), and funds capital projects such as ongoing
building maintenance and the redecoration of individual
rooms. As of 2023, the Club’s membership is very healthy;
55% of Members have been at the Club for 10 or more
years, while 45% have less than a 10-year tenure.
The Club has a contingency fund invested with Jarislowski-
Fraser.
At 31 October 2023:
Contingency Fund: 2,174,186
Capital Fund: 2,615,652
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