Page 4 - Newsletter_Mar_2020

members to $3,000 and, gives our General Manager Our expenses are slightly under - $664k versus
the authority to suspend a member’s charging $671k – which is primarily due to the Grounds
privileges when that limit is breached. While no expenses. We did have an unexpected expense in
policy is perfect and able to prevent every situation, the Clubhouse with the compressor for the HVAC
this new policy should give our staff more flexibility system packing it in which cost over $5k but that
in overseeing member balances and, the ability to will happen from time to time.
act expeditiously in response to a concern. Bottom line is that we have a year-to-date
A quick look at the financial results for January surplus of $22k versus a budgeted deficit of $33k.
shows that we are in good shape. Revenues on a While I am quite sanguine that these results will
year-to-date basis are $686k versus the Budget of continue through the year I want to emphasize to
$638k. Member’s dues and fees are above budget – members that these are operational results only and
the membership roster shows that we are actually a we must continue to enhance our revenues and
little above budget on members. rebuild our capital reserves to ensure the long-term
health of the Club. So even when the Club
generates surpluses our intention is to keep the
“pedal to the metal” and build our financial strength
through revenue enhancements.
Finally, Craig Vaughan has answered my call for
interested members to join the Finance Committee
but I would like to see additional members join the
Committee especially from the Women’s
membership.
Bryan Thomson
Finance Committee

Zone 5 Senior Men’s Interclub
It is that time of the year when the frost is slowly
lifting, at least we hope so, and time to think about
summer activities. The Interclub matches will be
starting soon and it is time to start preparing the
lists.
Please email me at chucks535@gmail.com or by
phone/text at (250) 516-2005 if you are interested in
playing on an Interclub team. The schedule starts in
late April and runs through until early July. All
those signing up will be guaranteed one match and
some may get additional matches depending on
numbers of members signing up. I hope to have the
schedule in place by the end of March. Please advise
as to availability during the summer and dates that
you will not be available. All matches are played on
Monday afternoons immediately after lunch, with
one exception. Posters with more information are
being circulated via the Club Connect as well as in
Green fee play is down which is not surprising the Clubhouse and Men’s Locker Room.
given that the course was closed quite a bit in Chuck Salmon
January but you can see that Food & Beverage is
right on budget. It’s good to see even on bad days
that the lounge is busy.