Preliminary financial results for the nine months ending September 30 shows Total Revenue more than budget by $5,700; $537,400 versus $531,700. 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 $(39,000); $597,800 against the budget of $558,800, in the areas of Cost of Goods, Golf Course Maintenance Expense and Overhead Expense. The result is a Net Loss year-to-date of $(60,400) versus the budgeted Net Loss of $(27,100) for a shortfall of $33,300.
Compared to the same period last year total Revenue was $614,000 with total Spending of $605,400 for Net Income of $8,600.