October was a busy month at the Club! Great weather conditions paired with an influx of returning Snowbird members as well as Reciprocal and Summer members filled the golf course, tennis courts, and restaurant.
October was capped off by a sold-out (375 members and guests!) Fall Festival with members enjoying the golf and tennis tournaments, Floribbean-inspired buffet, ice cream truck, and especially the sounds of the Soul Sensations.
The 2022 Dues and Fees Schedule was sent out to the membership on Thursday, November 11th. Any changes to membership status, notably Sports and Twilight Tennis which have been discontinued, should be requested in writing by contacting Ann Backus, Membership Director.
Staffing & Human Resources
We are very pleased to announce the following hires effective November 1st:
Jeanette Bakowski has been hired as the Marketing & Communications Director. Jeanette joins University Park after five seasons at the Asolo Theatre and prior stints at FEMME ROUGE Magazine, The Ringling Museum and Sarasota Magazine.
Stacy Rannazzisi has been hired as a Senior Accountant. Stacy will perform day-to-day accounting functions for both the Club and HOA. Stacy, who has a Bachelor of Science in Accounting from University of South Florida, joins us after a few years at Mercedes Scientific as an Accounting Manager and several years at Sun Hydraulics in various financial capacities.
Please join us in welcoming Jeanette and Stacy to the University Park family.
Hiring qualified staff continues to be a challenge and we are utilizing employee referral incentives and creative advertising sources to attract new employees. We continue to be short staffed in the Dining Operations (Kitchen and Front of House) and Golf Course Maintenance.
Master Planning Update
See PowerPoint Presentation made at the UPRD Board of Supervisors Meeting on November 12, 2021.
Food and Beverage
The dining operations, which relocated from the Park Grille & Café to the Varsity Club and Boardwalk Café has been very well received. Despite some inclement weather and operational obstacles, we have been able to accommodate most reservations and have not been negatively impacted by the smaller space. The Boardwalk Café has provided a new, relaxed setting, a space that has become increasingly popular amongst our membership. Kudos to the entire F&B Team on a job well done during the renovations!

Special events during the month of October included the Oktoberfest, Pink Week Luncheon, Pink Week Walk After Party, LGA and 9-Hole LGA Opening Day Luncheon’s, Fall Festival, and Prime Rib nights! We look forward to continued success in November highlighted by Shank Nights, Laurie Evans’ Retirement Reception, MGA/LGA Events, and Thanksgiving (“Two Days, Two Ways, To Go”).
Golf
Total golf rounds in October of 7,433 exceeded budget with 4,326 member rounds and 3,107 outside rounds. The high demand for golf play reflects the outstanding conditions and reputation that University Park has in our market.
Congratulations to all the winners at our Fall Festival Golf tournament. View all the results here. View the photos here.

First Place Mixed:
Kim Brown & Kim Corrigan Jerry & Mary Lou Snider

First Place Men's:
Harry Korman & Ian Nicolson Jack Siegel & Mario Summa
Tennis & Fitness
Congratulations to our Fall Festival Winners Claudia Clark & Murray Kaftan.
As we await the new Pickleball Complex, Coach Ryan has introduced a new Introductory Pickleball Clinic every Thursday morning. Join Coach Ryan to learn the basic pickleball strokes: groundstrokes, volleys, dinks, punches, smashes and serve.
In Fitness, please check out our Fall schedule! Click here for the schedule of all classes, times, and instructors.

Membership
Membership sales in October were as strong as we have had in recent memory. Summer Membership conversions have been extremely positive as have traditional membership additions.
Since October 1st, we have added 46 Full (including 27 summer membership conversions), 9 Tennis (4), and 13 Social/Resident memberships (9).

		
Full	
Tennis	
Sports	
Social	Soc /
Res - Cmty Reqrd	Tw iligh t Tennis	
Jr. Exec.	Change
in Annual Mbrs	
Trial Full	
Trial Ten/Fit	Trial Fit/So c	
Trial Social	
Sum Golf	
Sum Tennis	
Sum Dining	Change
in Other Mbrs	
Required Community Memberships	
2020 Totals		291	106	79	208	459	8	3	1154	7	7	3	4	0	0	0	21	823		
Jan 2021		4	-1	-3	-1	6	1		6	14	1	2	2				19	8	7 Soc/Res, 1 Tennis	
Feb 2021		4	2	-1	-5	-1	2		1	6	-3	1	-1				3	9	7 Soc/Res, 1 Full,
1 Tw i Ten	
Mar 2021		3	-1	1	-2	2			3	-12	-3	0	-3	156	9	X	147	10	7 Soc/Res, 2 Full, 1
Sports	
Apr 2021		-2	-1		-2	10			5	-13	-1	-4	-1	29	1		11	12	11 Soc/Res, 1 Full	
May 2021			1		-1	7			7	-2	-1	-2		29	1		25	9	8 Soc/Res, 1 Tennis	
June 2021		0	-1	-1	-2	9			5		1	1		15	2		19	13	13 Soc/Res	
July 2021		0	0	-1	1	5			5		-1			5	3		7	11	9 Soc/Res, 1 Full, 1
Tennis	
August 2021		0	1			0			1					4	1		5	4	2 Soc/Res, 1 Full, 1
Tennis	
Sept 2021		6		0	1	2			9			-1		1			0	8	6 Soc/Res, 2 Full	
Oct 2021		37	8	-2	6	-15	-2		32					-28	-4		-32	4	2 Soc/Res, 1 Full, 1
Tennis	
	11/5	4		-1	5	-1			7	4	1			-211	-13		-219	2	2 Soc/Res	
NEW	11/10	5	1	-1	2	-2			5								0	2	2 Soc/Res	
Total Members	352	115	70	210	481	9	3	1240	4	1	0	1	0	0	0	6	915		

Past Trial Counts				Past Summer Counts	Summer Conversions	
Year		Full	T&F	Fit/Soc	Social		Golf	T&F	Dining	Year					
2012/13	11	3		4		136	25	45	2013					
2013/14	20	3		6		121	22	25	2014					
2014/15	20	5		6		192	26	42	2015					
2015/16	23	7	3			108	26	35	2016					
2016/17	18	4	6	8		76	15	24	2017	4 Full, 3 Tennis, 2 Sports, 2 Social	
2017/18	12	2	2	8		175	17	36	2018	9 Full, 4 Tennis, 1 Sports, 6 Social	
2018/19	21	6	12	2		235	25	40	2019	19 Full, 7 Tennis, 4 Sports, 11 Social	
2019/20	17	4	7	3		152	54	5	2020	15 Full, 18 Tennis, 2 Sports, 3 Social	
2020/21	34	10	8	8		239	17	XX	2021	27 Full, 4 Tennis, 9 Social	
2021/22	4	1												

Statements of Operations (as of September 30, 2021):

UNIVERSITY PARK COUNTRY CLUB & RD								
TWELVE MONTHS ENDING SEPTEMBER 30, 2021								
		(Unaudited)						
SUMMARY STATEMENT OF OPERATIONS		FY2021		FY2021		FY2021		
Description		YTD Actual		YTD Budget		YTD Variance		
								
REVENUE:								
MEMBERSHIP DUES/OTHER		$   3,478,203		$ 3,495,674		$	(17,471)		
GOLF OPERATIONS		3,138,685		2,525,706		612,979	(a)	
TENNIS & FITNESS CENTRE		68,599		67,806		793		
RESTAURANT INCOME		1,749,946		1,721,582		28,364		
TOTAL REVENUE		$   8,435,433		$ 7,810,768		$	624,665		
								
EXPENSES:								
PAYROLL & RELATED:								
GOLF OPERATIONS		$	534,863		$   536,990		$	(2,127)		
TENNIS & FITNESS CENTRE		209,854		208,375		1,479		
RESTAURANT		1,229,598		1,181,409		48,189		
GOLF COURSE MAINTENANCE		1,454,892		1,426,398		28,494		
GENERAL & ADMINISTRATIVE		1,133,591		1,088,773		44,818		
TOTAL PAYROLL & RELATED		$   4,562,798		$ 4,441,945		$	120,853		
								
DIRECT EXPENSES:								
GOLF OPERATIONS		$	722,490		$   598,782		$	123,708	(b)	
TENNIS & FITNESS CENTRE		131,697		119,681		12,016		
RESTAURANT CGS		852,410		665,791		186,619	(c)	
RESTAURANT OPER EXP		474,666		425,426		49,240		
GOLF COURSE MAINTENANCE		1,210,923		1,186,312		24,611		
GENERAL & ADMIN		359,010		329,632		29,378		
PROPERTY INSURANCE		183,615		197,532		(13,917)		
TOTAL DIRECT EXPENSES		$   3,934,811		$ 3,523,156		$	411,655		
								
OPERATING INCOME/(LOSS)		$	(62,176)		$ (154,333)		$	92,157		
								
INITIATION FEES & OTHER		323,839		159,250		164,589		
OPERATIONS RECOVERY SURCHARGE (1/1/21-9/30/21)	191,218		361,710		(170,492)		
OUTSIDE GOLF -CAPITAL ALLOCATION		220,000		-		220,000		
								
SUB-TOTAL		$	672,881		$   366,627		$	306,254		
								
UPRD DISTRICT MANAGEMENT		216,244		302,090		(85,846)	(d)	
								
SURPLUS FOR OTHER RD NEEDS		$	456,637		$	64,537		$	392,100		

$613k increase over Budget due to 10,388 more rounds than budgeted, including 4,556 outside rounds, and pricing.

$123k increase over Budget due to merchandise cost of goods sold and credit card fees.
Continued impact of COVID-19, particularly fewer Banquet events, continues to have a negative impact on COGS. Higher COGS is primarily due to higher costs for select food items (this is a global issue) and fewer dining events with higher margins (e.g., special events and Sunday brunch).
85k decrease over budget due to accounting services ($40k) which have been moved from PFM to internal Management Staff. Variance also includes contingency and district counsel that came in under budget.

Revenue Flash Report (as of October 31, 2021):

	October		YTD		
	Actual	Budget	Variance		Actual	Budget	Variance		
									
MEMBERSHIP DUES	$ 274,044	$	289,332	$ (15,288)		$   274,044	$	289,332	$	(15,288)		
GOLF OPERATIONS	259,075	213,487	45,588		259,075	213,487	45,588	(a)	
TENNIS & FITNESS CENTRE	6,289	4,524	1,765		6,289	4,524	1,765		
RESTAURANT OPERATIONS	147,484	138,978	8,506		147,484	138,978	8,506		
									
TOTAL OPERATING REVENUE:	$ 686,892	$	646,321	$ 40,571		$   686,892	$	646,321	$	40,571		
									
INITIATION FEES & OTHER INC	147,195	62,875	84,320		147,195	62,875	84,320	(b)	
									
TOTAL OTHER REVENUE:	$ 147,195	$	62,875	$ 84,320		$   147,195	$	62,875	$	84,320		
									
TOTAL REVENUE:	$ 834,087	$	709,196	$ 124,891		$   834,087	$	709,196	$	124,891		

$45k over Budget YTD due to pricing and substantially more rounds, as outlined below:
Rounds of Golf (as of October 31, 2021):

Member Rounds	4,326	3,485	841		4,326	3,485	841	
Outside Rounds	3,107	3,135	(28)		3,107	3,135	(28)	
	7,433	6,620	813		7,433	6,620	813	

New memberships (the basis for Initiation Fees) exceeded Budget as outlined in the Membership section above.