Page 20 - JULY - Ladies BGG Print - FINAL.indd

And the season is

moving along!

Yvonne Bland
FINANCE COMMITTEE, CHAIR

This time last year we had just finished a rainy spring and the May financials were looking a little wet! The 2018 season has
seen some better weather and at the recent Finance Committee meeting we reviewed the May financial statements to 2018
budget. The table below provides a summary of the key highlights. There are lots of new faces and changes around the
Club and staff training was pretty well complete. In some areas, we have had some very positive outcomes but we have
begun the reforecasting exercise. Management has already identified some areas that they need to address to ensure
we come in on the overall budget. It is still early in the year, and we have many opportunities to all contribute towards our
budgeted results. As ever, we are cautiously optimistic!

May 31, 2018 YTD What is happening or what we
Area
Results can all do
Membership/GCH As compared to budget, we • Actively promote our 8 week trial
Numbers are:
• Work to converting our unlimited trials
• Full Members under by 3 – please encourage them to play and
(302 actual) take advantage of the Club amenities
• GCH Silver under by 20 (90 • Continue to attract new Members and
actual) GCH

• GCH Gold over by 6 (36 • Promote the Golf Academy Programs
actual)

• Clubhouse/Social Senior
on budget

• Unlimited trials under by
8 (18 actual, 20 including 8
week trials)

The GCH Gold fees
compensated for the lost
GCH Silver fees. Membership
revenue is reforecast by
$50,000 less.

20 | BEAUTY, GRIT & GRACE