McMahon Group
On Thursday, January 2nd a small group hosted the McMahon Group, a leading consulting firm in the Country Club industry for a “First Impressions Visit”. During the visit they toured our facilities and met with various department heads to learn about our Operations. I will be receiving a First Impressions Report in the near term and will present it to the UPRD Board at an upcoming Meeting or Workshop. The Report will include options to further our relationship with the McMahon Group to enhance our Operations and Strategic & Capital Planning.
Staffing
We will soon be announcing the hire of Josh Cunningham as our new Dining Room Manager. Josh replaces the position formerly occupied by Christina Dickman. Josh joins us most recently from The Concession where he spent 4+ years as a F&B Manager. Josh has spent his entire career in the F&B industry, substantially most of which is in the Club area.
Golf Operations
Overall, golf revenue and number of golf rounds is down to prior year and budget, for both members and outside play. We are evaluating the impact from “Hurricane Hangover”, the current cold weather, etc.
Member Events/Dining
We are coming off of a very successful Holiday Season which started with a record high Thanksgiving Dinner and finished with a fun Holiday Party, record high Hanukah dinner and high-end NYE dinner. The next 4 months will continue to be busy as we fill the calendar with member events on and off campus.

Membership

Full	Racquet s	
Social	Soc /
Res - Cmty Reqrd	
Jr. Exec.	Change in Annual Mbrs	Trial Full	Trial Rac/Fit	Trial Fit/Soc	Trial Social	
2023 Totals		426	109	252	529	2	1318	19	2	4	7	
January		2	2	-1	-2	-1	0	9	1	-1	-1	
February		6	1	2	1		10	1	-2	-1	-2	
March		10	1	0	0		11	-4	2	0	-2	
April		5	1	1	7		14	-16	-1	1		
May		6	-2	-3	0		1	-8	-1	-3	-1	
June		-3	2	3	-2		0	-1	-1		-1	
July		2	1	0	1		4		1	1		
August		-1	2	-1	0		0					
Sept		5	1	1	-1		6		-1	-1		
Oct		4	0	4	0		8					
Nov		-7	-9	-10	2		-24	1				
NEW	Dec	12/30	-5	-2	-4	3	-1	-9	1				
	12/31	-5	1	2	2		0				2	
Total Members	445	108	246	540	0	1339	2	0	0	2	
Add SAP		103	28				131					
Add AFP		22		25	109		156					
Add Range			8	20	25		53					
Add Tw i Ten				17	3		20					
Add Pickleball		1		4	51		56					
Total Passes		126	36	66	188	0	416					
												
passes:	416	Soc total:	786		1339					
*140 grandfathered non-members (+4 from prior month), 207 grandfathered members (-6 from prior month)
**302 non-resident memberships
***Official Waitlist, after requiring the deposit, stands at 9.

Statements of Operations (as of November 30, 2024):

UNIVERSITY PARK COUNTRY CLUB & RD								
TWO MONTHS ENDING NOVEMBER 30, 2024							
(in thousands)								
SUMMARY STATEMENT OF OPERATIONS		FY2024		FY2024		FY2024		
Description		YTD Actual		YTD Budget		YTD Variance		
								
REVENUE:								
MEMBERSHIP DUES		$	945		$	924		$	22		
GOLF OPERATIONS		437		612		(175)	(a)	
RACQUETS & FITNESS CENTRE		23		28		(5)		
DINING OPERATIOINS		475		522		(47)	(a)	
OTHER INCOME		2		1		1		
TOTAL REVENUE		$	1,883		$	2,086		$	(203)		
								
EXPENSES:								
GOLF OPERATIONS		$	265		$	290		$	(25)		
RACQUETS & FITNESS CENTRE		83		100		(17)		
DINING OPERATIONS		668		789		(121)		
GOLF COURSE MAINTENANCE		519		530		(11)		
GENERAL & ADMIN		361		417		(56)		
TOTAL DIRECT EXPENSES		$	1,896		$	2,126		$	(229)		
								
OPERATING INCOME/(LOSS)		$	(13)		$	(39)		$	26		
								
CAPITAL ALLOCATION:								
INITIATION FEES & OTHER		$	87		$	273		(186)		
OUTSIDE GOLF -CAPITAL ALLOCATION		27		42		(15)		
CAPITAL DUES		61		59		2		
TOTAL CAPITAL ALLOCATION		$	175		$	374		$	(199)		
								
MILTON EXPENSE (NOT INCLUDED ABOVE)		$	231					(a)	
Golf Operations and Dining were $175k and $47k unfavorable to budget, respectively, due to closures caused by Hurricane Milton. Additionally, there were 231k in Hurricane Milton expenses as of the end of November.

Revenue Flash Report (as of December 31, 2024):

	December		YTD		
(in thousands)	Actual	Budget	Variance		Actual	Budget	Variance		
									
MEMBERSHIP DUES	$	478	$	479	$	(1)		$	1,424	$	1,403	$	21		
GOLF OPERATIONS	335	386	(51)		773	998	(225)	(a)	
RACQUETS & FITNESS	17	13	4		40	41	(1)		
DINING OPERATIONS	360	405	(46)		835	927	(92)	(a)	
OTHER INCOME	5	2	4		7	2	5		
TOTAL OPERATING REVENUE:	$	1,196	$	1,285	$	(89)		$	3,079	$	3,372	$	(293)		
									
CAPITAL ALLOCATION:									
INITIATION FEES & OTHER	$	16	$	256	$	(240)		$	103	$	529	$	(426)	(b)	
OUTSIDE GOLF -CAPITAL ALLOCATION	24	28	(4)		51	70	(20)		
CAPITAL DUES	31	29	1		91	88	3		
TOTAL CAPITAL ALLOCATION:	$	70	$	314	$	(244)		$	245	$	688	$	(443)		
									
TOTAL REVENUE:	$	1,266	$	1,599	$	(333)		$	3,324	$	4,060	$	(736)		
Golf Operations and Dining were $225k and $92k unfavorable to budget, respectively, due to closures caused by Hurricane Milton in October and less outside rounds than budgeted in November and December.
Initiation fees were $426k unfavorable to budget due to the constraints imposed by the membership cap and low full membership attrition.

Rounds of Golf (as of December 31, 2024):

	December		YTD	
	Actual	Budget	Variance		Actual	Budget	Variance	
								
Member Rounds	3,614	3,802	(188)		10,090	11,729	(1,639)	
Outside Rounds	2,391	2,825	(434)		5,675	8,121	(2,446)	
	6,005	6,627	(622)		15,765	19,850	(4,085)	
Rounds of Golf (as of December 31, 2023):

	December		YTD	
	Actual	Budget	Variance		Actual	Budget	Variance	
								
Member Rounds	3,583	4,355	(772)		11,203	13,145	(1,942)	
Outside Rounds	2,917	2,733	184		8,351	8,053	298	
	6,500	7,088	(588)		19,554	21,198	(1,644)