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1/25/2022 4:51:55 PM
 
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Section 5: OPA Board Subject: OPA v OC Golf Msg# 1150412
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In this current OPA fiscal year, I am told the outlook is for a golf operational profit of about $50,000.
December's numbers are in the books and are better than December of last year. The improving trend continues. Management is forecasting total fiscal year expenses as of April 30 at $1,180,000. Net revenue through December only is $1,216,600. That's nearly $37,000 towards your sources' $50,000 prediction with four months to go. They must not be expecting anyone to show up to play golf in March and April when net revenues run $24,000 and $89,000 respectively. |
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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. |
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