May was not as good a month as we had hoped for .The club made a loss of $9,512. The result was not in line with expectations but in analysing the results there were a number of contributing factors.
Once again the rain affected Comp and Social fees. Social fees were $4,000 down to budget.
The May period was a 5 week pay period which impacted the final results. Wages year to date are still in line with the parameters set by the Board .
Repairs and Maintenance on the course and in the Clubhouse was up $8,300 on budget. Repairs and Maintenance are part of doing business but when equipment breaks down unexpectedly it needs to be repaired or replaced quickly so that the club can continue to trade as normal.
The good news for the month was that Gaming result met target and Bar sales were up $1,000 with net profit up $6,000 on budget.
Aaron and the Board are confident the club will return a profit for the year.
We will continue look for opportunities to improve our club and we are looking for members to support the upcoming Comedy night and other functions.
Tony Stanton
Director of Finance
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