SUMMARY INCOME	STATEMENT	2023	2024		2024	2025	2025 Budget	
FISCAL YEARS ENDING SEPTEMBER 30	Actual	Budget		Forecast	Budget	vs. 2024 FC	
COUNTRY CLUB OPERATIONS:							
							
REVENUE:							
MEMBERSHIP DUES	4,987,592	5,322,094		5,545,598	6,142,041	596,443	
GOLF OPERATIONS	3,984,856	3,784,965		3,795,327	4,059,843	264,515	
RACQUETS & FITNESS CENTRE	129,655	165,836		141,085	155,222	14,137	
DINING INCOME	2,734,285	3,300,510		3,313,216	3,434,790	121,574	
OTHER INCOME	6,651	5,480		9,905	5,480	(4,425)	
							
TOTAL REVENUE	11,843,038	12,578,884		12,805,132	13,797,375	992,244	
							
EXPENSES:							
PAYROLL & RELATED:							
							
GOLF OPERATIONS	656,669	756,652		707,365	879,898	172,533	
RACQUETS & FITNESS CENTRE	310,973	431,361		384,064	407,000	22,937	
DINING	1,914,140	2,068,038		2,391,634	2,437,498	45,864	
GOLF COURSE	MAINTENANCE	1,661,816	1,676,481		1,705,668	1,775,918	70,250	
GENERAL & ADMINISTRATIVE	1,381,035	1,416,114		1,405,526	1,687,954	282,428	
							
TOTAL	PAYROLL & RELATED	5,924,633	6,348,646		6,594,257	7,188,268	594,011	
							
DIRECT EXPENSES:							
							
GOLF OPERATIONS	954,347	884,639		979,870	953,497	(26,373)	
RACQUETS & FITNESS CENTRE	203,484	248,670		210,280	254,553	44,273	
DINING CGS	1,435,387	1,571,146		1,790,381	1,636,966	(153,415)	
DINING OPER EXP	750,173	709,950		810,751	829,010	18,259	
GOLF COURSE	MAINTENANCE	1,466,744	1,564,648		1,615,348	1,664,885	49,536	
GENERAL & ADMIN	364,944	459,055		467,103	456,008	(11,095)	
PROPERTY INSURANCE	263,330	350,000		308,955	350,000	41,045	
							
TOTAL DIRECT EXPENSES	5,438,409	5,788,108		6,182,688	6,144,918	(37,769)	

OPERATING INCOME/(LOSS)	479,997	442,131		28,187	464,189	436,002	
							
CAPITAL ALLOCATION:							
INITIATION	FEES		786,670	480,550		1,012,725	829,550	(183,175)	
CAPITAL ALLOCATION- GOLF OPS	268,437	269,617		276,393	276,726	334	
CAPITAL DUES	223,065	313,786		339,531	380,278	40,748	

TOTAL CAPITAL ALLOCATION	1,278,172	1,063,953		1,628,649	1,486,555	(142,094)	

Printed: 5/20/2024 10:17 AM