July 2015 Financial Report

Preliminary financial results for the seven months ending July 31 shows Total Income more than budget by $7,100; $463,00 versus $455,900. Green fees, annuals and punch cards are below budget for the period, while range balls, tournaments and Pro Shop income exceeded the budget. Expenses are unfavorable by $21,600; $449,000 against the budget of $427,400 principally in the areas of Cost of Goods and Golf Course Maintenance Expense. The Result is Net Income of $14,000 versus the budget of $28,500 for an unfavorable variance of $14,500.

Compared to the same period last year total Income was $542,800 with total Spending of $518,100 for a Net Income of $24,700.