Preliminary financial results for the 10 months ending October 31 shows Total Revenue more than budget by $9,200; $593,500 versus $584,300. Green Fees and Punch Cards continue to be below budget for the period, while annuals, Range Balls, Tournaments and Pro Shop Income all exceed the budget. Expenses are unfavorable by $(44,600); $655,800 against the budget of $611,200, in the areas of Cost of Goods, Golf Course Maintenance Expense and Overhead Expense. The result is a Net Loss year-to-date of $(62,300) versus the budgeted Net Loss of $(26,800) for a shortfall of $35,500.
Compared to the same period last year total Revenue was $673,000 with total Spending of $665,700 for Net Income of $7,300.