Advisory Groups
Members selected to the four (4) Advisory Groups were announced last week. Meetings will commence later this month.

Social & Dining (8)
Sue Constable
Mary Hart
Larry Slavin
Jane Zuckerman
Kelly Ingalls
Rich Allen
Lisa Foster
Debbie Stewart

Racquets Advisory Group (10)
Brian Sackley
Ceci Wooster
Bob Klueger
Kayla Caliendo
John Cloud
Linda Heitzner
John Farrell
Cindy Isselee
Matt Kluding
Fran Dratch

Golf Operations

Golf Advisory Group (9)
Dick Crouch
Steve Spanos
Nathan Beck
Larry Wahl
Risa Benoit
Tammy Yarnell
Becky Suverkrup
Muriel Gross
John Couig
Fitness & Wellness Advisory Group (9)
Rebecca Amoroso
Leslie Slavin
Dr. Marc Loundy
Michael Gaio
Debbie Crisafio
Donna Brown
Judy Koziol
Mike Robertson
Paul Charlesworth

Curtis to give a verbal update on the back-9 golf course project, which is moving along on-time and on-budget.
Member Events
Coming off of very successful Seafood Buffet (170+ attendees), we have a number of upcoming Member Events including Bingo (8/14), Prime Rib Night (8/20), Midnight Cellars Wine Dinner (8/21), and Trivia (8/28). The unofficial end of Summer concludes with our Labor Day BBQ (9/1).
Racquets
Lee and the Team continue to host a few events per month including a new “Pickle & Pints” Pickleball happy hour, which had 25 attendees last week despite 100-degree weather. Despite being in the summer months, attendance has been strong across the board.
The hire of a new part-time Pickleball Pro was mutually delayed (vacation) and will be announced shortly. Dallas Burko will also continue in his part-time role.

Fitness
Suzanne and her Team are actively working on the upcoming season calendar, including the introduction of new wellness programs, including Physical Therapy. We will be making a concerted effort (in Communications and Offerings) to move from a Fitness Program to a Wellness Program. Suzanna has assembled the largest and most effective Fitness Team of Instructors we’ve ever had.
Membership

Full	
Racquets	
Social	Net Change in
Memberships	Trial Full	Trial Rac/Fit	Trial Fit/Soc	Trial Social	Sum Golf	Sum Tennis	Wait List	
2024 Totals 12/31/24		445	108	786	1339	2	0	0	2	0	0	9	
January		
-1	
1	
0	0	
3							
February		
-4	
1	
3	0								
March		
1	
2	
-6	-3	
-2		
2	
-2			
-2	
April		
2	
1	
4	7	
-3				
41	
14	
-6	
May		
5	
-1	
-1	3			
-2		
29	
33		
NEW June	
6/5	
1	
1	
-1	1					
5	
2		
July	
7/17			
1	1					
1	
2		
July	
7/31	
-2		
1	-1					
-1	
0		
Total Members		447	113	787	1347	0	0	0	0	75	51	1	
Social Access		105	28		133								
Fitness		21	1	131	153								
Range			10	57	67								
Tw ilight Tennis				24	24								
Pickleball		2		56	58								
Total Passes		435								
*135 grandfathered non-members (flat to prior month), 199 grandfathered members (flat to prior month)
**305 non-resident memberships (+1 to prior month)

Statements of Operations (as of June 30, 2025):

UNIVERSITY PARK COUNTRY CLUB & RD								
NINE MONTHS ENDING JUNE 30, 2025								
(in thousands)								
								
SUMMARY STATEMENT OF OPERATIONS		FY2025		
Description		YTD Actual		YTD Budget		YTD Variance		
								
REVENUE:								
MEMBERSHIP DUES		$	4,517		$	4,520		$	(3)		
GOLF OPERATIONS		2,919		3,416		(497)	(a)	
RACQUETS & FITNESS CENTRE		153		119		34		
DINING OPERATIONS		2,588		2,755		(167)	(b)	
OTHER INCOME		12		5		7		
TOTAL REVENUE		$ 10,188		$	10,815		$	(627)		
								
EXPENSES:								
GOLF OPERATIONS		$	1,321		$	1,434		$	(113)	(c)	
RACQUETS & FITNESS CENTRE		454		472		(18)		
DINING OPERATIONS		3,391		3,731		(341)	(d)	
GOLF COURSE MAINTENANCE		2,570		2,516		54		
GENERAL & ADMIN		1,778		1,863		(85)	(e)	
TOTAL DIRECT EXPENSES		$	9,514		$	10,017		$	(503)		
								
OPERATING INCOME/(LOSS)		$	675		$	798		$	(124)		
								
CAPITAL ALLOCATION:								
INITIATION FEES & OTHER		$	603		$	747		(144)	(f)	
OUTSIDE GOLF -CAPITAL ALLOCATION		203		241		(39)		
CAPITAL DUES		283		283		(0)		
TOTAL CAPITAL ALLOCATION		$	1,089		$	1,271		$	(183)		
								
FEMA PROCEEDS (OBLIGATED)		$	348					(g)	
INSURANCE PROCEEDS COLLECTED		65						
INSURANCE PROCEEDS COLLECTED (REC'D IN JULY)		21						
MILTON EXPENSE (NOT INCLUDED ABOVE)		(307)						
NET MILTON IMPACT		$	126						
Golf Operations are $497k unfavorable to budget primarily due to Hurricane Milton ($150k), less than favorable weather conditions during season, and lower Pro Shop sales/foot traffic ($50k).
Dining Operations are $167k unfavorable budget primarily due to Hurricane Milton ($71k) and reduced foot traffic from golf operations.
No LPGA Pro hired, Pro Shop COGS, Credit Card Fees

COGS Control, less Temp Labor, less Spoilage, limited linens
Delayed Accountant hire, Maintenance labor, Credit Card Fees
Non-resident, Full Member Waitlist + fewer home sale turnover
Hurricane Milton related expenses excluded from Operating P&L. Currently working with Insurance and FEMA to seek reimbursement.

Statement of Cash Flows (as of June 30, 2025):

	JUNE		
(In Thousands)	MTD		YTD		
Cash Flows From Operating Activities:					
					
Cash Receipts From Members & Guests	$	634		$	11,789		
Cash Payments To Vendors & Suppliers	(364)		(4,716)		
Cash Payments To PBM Staff Serving UPCC & UPRD	(493)		(5,207)		
					
Net Cash Provided (Used) By Operating Activities	$	(222)		$	1,866	(a)	
					
Cash Flows From Capital, Financing, And Other Non-Operating Activities:					
Initiation Fees	$	36		$	578		
Capital Dues	9		360		
Purchase Of Equipment & Capital Projects		(297)			(2,277)	(b)	
Loss on Equipment Dispoals	-		-		
Transfer to General Fund	-		(176)		
Transfer From BAN	-		2,350		
Insurance Proceeds	-		65		
Hurricane Milton	-		(307)		
Interest From Investments	1		28		
Net Cash Provided (Used) By Capital And Other Non-Operating Activities	$	(251)		$	620		
					
Net Increase (Decrease) In Cash	$	(473)		$	2,486		
					
Cash At Beginning Of Period	$	4,118		$	1,160		
Cash At End Of Period	$	3,646		$	3,646		
Net operating cash flow is negative for June, which is consistent with the trend observed in previous summer months, year-to-date will continue to be positive due to the receipt of annual dues at the beginning of the fiscal year.
$2m of outflows for capital projects, covering final payments related to the Irrigation Project, Pro Shop Renovation, and Short Game/Practice Area Renovations.

	JUNE	
Cash Account Balances	2024		2025	
				
Capital Account Balance	$	4		$	871	
Operating Account Balance	2,262		838	
Investment Account	-		1,932	
Other (Petty Cash)	6		6	
Cash At End Of Period	$	2,272		$	3,646	
Statement of Cash Flows – Forecast:

	Fiscal year Ending		
	September 30		
(In Thousands)	2024		2025		
Cash Flows From Operating Activities:					
					
Cash Receipts From Members & Guests	$	12,914		$	13,243		
Cash Payments To Vendors & Suppliers	(5,775)		(5,856)		
Cash Payments To PBM Staff Serving UPCC & UPRD	(6,643)		(7,209)		
					
Net Cash Provided (Used) By Operating Activities	$	495		$	178		
					
Cash Flows From Capital, Financing, And Other Non-Operating Activities:					
Initiation Fees	$	1,278		$	578		
Capital Dues	348		388		
Purchase Of Equipment & Capital Projects	(5,065)		(3,060)	(a)	
Loss on Equipment Dispoals	(3)		-		
Transfer to General Fund	1,204		(176)		
Transfer From BAN	-		2,350		
FEMA Proceeds	-		348	(b)	
Insurance Proceeds	-		85	(b)	
Hurricane Milton	-		(307)		
Interest From Investments	20		43		
Net Cash Provided (Used) By Capital And Other Non-Operating Activities	$	(2,218)		$	249		
					
Net Increase (Decrease) In Cash	$	(1,723)		$	427		
					
Cash At Beginning Of Period	$	2,882		$	1,160		
Cash At End Of Period	$	1,160		$	1,587		
Outflows of $3.06m includes $2m of outflows for final payment of projects at the beginning of the fiscal year and projections of $1.1m for Back 9 project.
Inflows from FEMA are expected to total $348k, and inflows from insurance proceeds are projected
$85k. Both amounts are related to Hurricane Milton.