Golf Revenue Update

Q1 Fiscal Year 19/20

First Quarter Golf Revenues Up 12.2%

Golf revenues for Q1 of FY19/20 have increased 12.2% ($46,018) compared to Q1 FY18/19.  Total membership revenue (membership dues + member cart / trail fees) was the major contributor to the Q1 performance with an increase of 23.9% ($49,448) compared to previous years.

 

 

In the same period, total contracted expenses (Operating Expenses + Fixed Operating Expenses + Other Expenses) were reduced by 4.7% or $57,194.

 

 

Golf Revenue Increase of 25.7% Since Purchase of Golf Courses

From FY15/16 (the first full fiscal year after the town purchased the Community Center and Golf Courses) through FY18/19, total golf revenue has increased 25.7% or $464,471.  Golf daily fees were the major contributor to performance over this period, with an increase of 67.8% or $504,613 between FY18/19 and FY 15/16.

 

 

In the same period, total contracted expenses (Operating Expenses + Fixed Operating Expenses + Other Expenses) were reduced by 8.8% or $434,270.

 

 

Overlook Restaurant Revenue Performance

Food and Beverage revenues for Q1 of FY19/20 have increased 9.9% or $12,412 compared to Q1 FY18/19.  The FY18/19 Year-End results indicated that the Overlook Restaurant revenue has increased 10.8% or $65,603 since the first full fiscal year following the purchase of the Community Center and Golf Courses.

 

 

Golf Outlook is Positive

The continued growth of golf-related revenue as well as restaurant revenue is a positive sign for the future.  There is still much work to do in reaching the goal of 275 members, but looking at recent trends, we believe this is absolutely achievable.

If you are not a member, please consider joining!  There is currently a Holiday Golf Membership Promotion in effect until January 31st-  12 months of membership for the price of 11 PLUS half-off club cart / trail fees!  Click here for our write-up and details of this deal!

Data Source

All data is sourced from Town Council Financial Update Attachments “C2 – Troon Cash Flow” (formerly attachment D2 prior to FY18/19) and “C3 – Troon F&B” (formerly attachment D3 prior to FY18/19).

Please click here to view copies of the C2 Troon Cash Flow attachments

Please click here to view copies of the C3 Troon F&B attachments

Please click here for the link to this data on the OV town website