As part of our continued commitment to transparency and open communication, we will now provide quarterly reports from the Board President, Treasurer and Controller. These reports are intended to keep you informed about the organization’s current status, recent developments, and future direction.

We hope this added insight helps strengthen your connection to the club and provides a clearer understanding of where we are—and where we’re headed.

Thank you for your ongoing support and engagement.

Treasurer’s Report

Total Income from dues and fees for six months year-to-date as of 6/30/25 was $1,635,633 which was $14,670 better than budget and $213,925 better than last year at this time.

Total Expenses thru six months were $947,619 and exceeded budget by $26,539. General and Administrative (G&A) expenses were over budget by $15,394 as a result of more new employees opting into our health insurance plan. Golf shop, clubhouse, and pool and tennis were also slightly over budget.

Gross Operating Profit thru six months was $614,296 but this number will decline throughout the second half as most of our income for the year has come in whereas most monthly expenses are ongoing. The plan is to end the year with a reasonable surplus.

Balance Sheet cash balances in all of our funds are in good shape at 6/30/25. Operating Cash is $749,853 and Major Capital $348,347. Golf Shop inventory is $155,171 and represents a planned increase from last year, despite consuming some cash. We anticipate strong sales in July and August to return cash and profits.

In our Food and Beverage operation, our year-to-date loss thru six month is better than we budgeted by $14,000 but our food costs and staffing costs remain high. We continue to monitor all expenses closely as we endeavor to effectively serve our membership.

–Bill Reading