Championship Golf Food & Beverage Lost $2,007/day

July 30, 2023

At the Board of Trustees meeting on July 26th, staff provided a report showing losses doubled from fiscal year 2021-22 to $2,007 per day in the fiscal year ending June 30, 2023. At their meeting on May 8th, the golf financial reports showed a loss of $1,000/day at the Championship Course in 2021-22 and projected the losses for 2022-23 to be roughly $900/day. However, the unaudited fiscal year end numbers revealed the losses doubled to $2,007/day. Click here to view Attachments E and F, pages 13 and 14 of 336 of the board packet (or pages 9 and 10 of the .pdf file).

In fiscal year 2021-22, when the losses as seen on Attachment E were $1,133/day, actual revenue fell short of budget by 39% while personnel costs were slightly over budget by 3%.

In fiscal year 2022-23, when the losses as seen on Attachment F were $2,007/day, actual revenue fell short of budget by 28% while personnel costs were over budget by 18%.

Click here to view Attachments E and F, pages 13 and 14, from the July 26th board packet.

0 Comments

Get notified when a new post is published on a specific topic.

Enter your email and select what topics you'd like to be notified about. You may also select all topics. This is not the newsletter. If you want to subscribe to the newsletter, please click subscribe in the menu at the top of the page.

Upcoming Events

Calendar of Events

S Sun

M Mon

T Tue

W Wed

T Thu

F Fri

S Sat

0 events,

0 events,

0 events,

1 event,

0 events,

2 events,

-

IV/CB Community Forum

0 events,

0 events,

0 events,

1 event,

2 events,

-

IVGID Board of Trustees Meeting

1 event,

0 events,

0 events,

0 events,

0 events,

1 event,

0 events,

0 events,

1 event,

-

IV/CB Community Forum

0 events,

0 events,

2 events,

1 event,

2 events,

-

IVGID Board of Trustees Meeting

1 event,

0 events,

0 events,

0 events,

0 events,

0 events,

0 events,

0 events,

2 events,

-

IV/CB Community Forum

0 events,