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SPECIAL GENERAL MEETING
MOTION 3 EXPLAINED
MOTION 3
The Management Council have reviewed the Golf Club’s financials, taken feedback from Members and now
seek approval for the introduction of a “Covid 19 Emergency Support Levy”.
On the 24th September, you will vote YES to pass this motion and proceed to the 3 available options or NO to
defeat this motion.
OVERVIEW
As we continue to navigate through this global crisis, we observe with caution the recent return to lock down
of counties Kildare, Laois and Offaly. As Covid 19 case numbers continue to rise, we cannot rule out a return to
total lock down as has been experienced by many cities around the world. The Management Council, together
with the Trustees, are taking a responsible, proactive and prudent approach to the management of the Golf
Club amidst what has been a life changing year for us all.
Covid 19 has had a significant negative impact on our financials, primarily due to lack of overseas travel. We
are heavily reliant on our international guests and in their absence we experience shortfalls. We envisage this
negative impact will continue throughout 2021 and possibly into 2022.
We are kindly asking Members to approve Motion 3. This will strengthen the foundations of our Golf Club and
help us navigate through these very tough times. Upon this motion passing, the most popular of the 3
payment options will be enacted for all Members (excluding juniors).
WHAT DO THE FINANCIALS SAY? - INCOME
• Instead of achieving significant profits in 2020 circa +€240,000, we are projecting losses of -€54,989.
Without the Government Temporary Wage Subsidy Scheme losses would have been circa -€325,000.
• Overall Income will be down circa -€892,500 on budgeted projections.
• Membership Income has performed well but will still be down by circa -€55,000 on budgeted
projections.
• Green Fee Income (Including Driving Range) will be down by circa -€700,000 on budgeted projections.
• Ancillary Income from Golf Shop, Buggies, Trolleys, Food & Beverage has been significantly impacted
and will be down by circa -€137,500 on budgeted projections. Synergy Golf continued to pay their full
rent on the Golf Shop despite period of closure during lockdown and their own income being
significantly impacted by Covid 19.
• All our stakeholders have been impacted by Covid 19. Synergy Golf, Mark Heinemann, Paul Cotter (The
Chapel) and Truffle Honey. Each partner has been very supportive in what has been a very difficult
season for everyone.
SPECIAL GENERAL MEETING INFORMATION PACK | SEPTEMBER 2020 11
