The financial results for the three months ending March 31 show Total Income more than budget by $29,700; $283,600 vs. $253,900. Green Fees equal the budget for the period, while Punch Cards and Tournaments exceeded budget. Expenses are unfavorable by $13,100; $192,900 against the budget of $179,800 principally in the areas of Cost of Goods and General Pro Shop Expense. The Result is Net Income of $90,800 vs. the budget of $74,100 for a favorable variance of $16,600.
Compared to last year total Revenues were $328,000 for the same period with total Spending of $212,700 for Net Income of $115,300.