Got some good news from my golf course in Nanton. The revenues as expected were way up and the rounds played rose from around 20,000 the year previous to 30,000 plus this past summer. We acquired 65 new members in the process also. The course was able to generate a significant revenue increase for 2020 in two key areas. Our annual memberships exceeded our budgeted target by over 100%, and we also exceeded our budgeted revenues for Green Fees by 100%.
Another great measure of the clubs’ financial performance was the ability of the management and staff to operate within the established budget that was formed at the beginning of 2020. When we entered the 2020 season, the club was not in an enviable financial position. The course was operating on a restricted budget, and there was a modest profit projected. Although the club saw a two fold increase in the amount of rounds played, the staff was able to operate the club at the established budget which netted a substantial profit, and improved our cash position. The outstanding season we enjoyed will allow the club a certain amount of flexibility to pursue some priorities that we may not have had the opportunity to otherwise pursue.
Finally our dues didn't go up still making it an affordable place to play golf.
