Page 21 - JULY - Ladies BGG Print - FINAL.indd

May 31, 2018 YTD What is happening or what we
Area
Results can all do

Clubhouse • We are slightly above • Management is promoting their
budget on revenue which offerings/events – join in!
has compensated for
some additional staff • Promote our Clubhouse for personal
training costs. or business functions
• Food and beverage • Have a snack at the Halfway House
costs are in line too – remember our half year minimum
expires July 31.
Golf Shop • We are ahead on • Still great styles for both golf and
revenues to budget other social events (male and female)

• Inventory levels on track • Shop until you drop
• Golf Academy on track • Test drive some new clubs – your
(150+ attendees) handicap might love it!
Course and • We are on budget for • Enjoy the course - it is looking lovely
Grounds and Capital operating costs
Expenditures • Fix our divots and ball marks to keep
• We are on track for us in ship shape
capital expenditures
• Management will be able to make
• A number of small some capital savings to cover
projects have been unexpected costs
completed

• A couple of unexpected
capital costs e.g. septic
tank motor, have been
incorporated in the 2018
capital budget
Green Fees/Cart Fees • Are approximately 20% • Bring guests
behind budget.
• Host golf events
• Tournaments are on
track and will take place • Manage the pace of play so guests
through the summer want to come back!
months
• Use our great 9H cart service if a little
hot!

Land Project Budget • No further reserves • $198,000 remains from $350,000
drawn since November land sale deposit.
30, 2017

Ada Mackenzie Heritage Funds are now administered directly through Finance rather than a separate committee. The funds
are sitting with a balance of $80,000 in unrestricted reserves and $17, 500 remaining for bunkers. Other Fund information is
available on our website for more details.
Yvonne

JULY 2018 | 21