message board home
Next
1/13/2022 12:20:41 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: OPA v OC Golf Msg# 1148370
|
||||||
| Correction - my initial post said the loss was $3.7 million. I meant to type $370K. Sorry for any confusion. Point remains the same in comparing to OPA course. | ||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: Hi Marty. You have, if I recall correctly, often mentioned how Ocean City golf operations do much better than golf in Ocean Pines. I was just looking at budgets on the Ocean City website and reviewing their golf operations numbers. Based on numbers from their website, in 2020 the OC golf course lost about $370,000 on operations after consideration of shown capital expenses, if I read the document correctly. 2021 final numbers are not yet posted. "Town contribution" is shown as $607,301 but there is only $217,000 of "capital outlay." OC has about $1 million on greens fees while OPA has about $626,000 (including memberships). OC labor costs are about $1 million. OPA about $650,000. From a bottom-line standpoint, it looks like there is not all that much difference. Have you looked at those numbers recently? I do not see any item in the OC budget for "depreciation." Generally speaking, OC budgets for break-even. In this current OPA fiscal year, I am told the outlook is for a golf operational profit of about $50,000. |
| Calendar |
Police Night Out - White Horse Park
8/5/2025 - 6:00 P.M. 3 days or less away! |
|
Annual Meeting - Assateague Room
8/9/2025 - 9:00 A.M. |