Salt Pond Golf Course Operations, Inc. Board of Directors Meetings

The SPGCO Board of Directors will hold its regular monthly meeting on the 3rd Friday of each month at 12:00 PM in the Salt Pond Club House. All SPHA members are welcomed and encouraged to attend and participate in these meetings..

The schedule for 2010 follows:

Minutes of all Board of Directors meetings and other informative documents for the past twenty-four months are available at the SPHA website.

SPGCO Board Meeting Minutes

• (((-))) June 18, 2010

• (((-))) May 21, 2010

• (((-))) May 5, 2010 Special Meeting

• (((-))) April 16, 2010

• (((-))) March 19, 2010

• (((-))) January 15, 2010

• (((-))) December 18, 2009

• (((-))) November 20, 2009

• (((-))) October 16, 2009

• (((-))) September 18, 2009

• (((-))) August 21, 2009

• (((-))) July 17, 2009

• (((-))) June 19, 2009

• (((-))) May 15, 2009

• (((-))) April 17, 2009

• (((-))) April 9, 2009 Specail Meeting

• (((-))) January 16, 2009

• (((-))) December 19, 2008

• (((-))) November 21, 2008

• (((-))) October 17, 2008

• (((-))) September 19, 2008

• (((-))) August 15, 2008

• (((-))) July 18, 2008

• (((-))) June 20, 2008

• (((-))) May 16, 2008

 

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Financial Information

• March, 2010 SPGCO Year to Date Profit & Loss Statement
  Note: After horrible weather in January and February, good weather finally arrived in March. In March, green and cart fees were actually ahead of budget and 2010 memberships started to be received. March revenues reached $41,213.88 and income before taxes were a positive $1,536.22. YTD revenues through March were $83,178.26 and YTD losses were less than budgeted.

  Click (((-))) here to see the YTD Profit & Loss Statement thru March

• 2010 Budget.

  Click (((-))) here to see 2010 Golf Course Budget

  
  
  

  ** NEW ** 2009 FINAL AUDIT ** NEW **
  Note: The Golf Club ended 2009 with Revenues of $701,654.37 and Net Income after depreciation of $10,298.60. The following are the final SPGCO 2009 Audited Finanacial Statments:
  

  2009 Audited Profit & Loss Statement

  Click here (((-))) to view the statement.

  2009 Audited Balance Sheet

  Click here (((-))) to view the statement.

  
  
  

• December, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: The year ended with $716,45.37 in operating and other income and $712,456.78 in expenses for a positive before tax income of $4,038.59. When depreciation is added back in, the net income before depreciation is $101,886.43. These numbers are unaudited and there will probably be adjustments. The audit is in process and the final audit should be completed in April or May, 2010. .

  Click (((-))) here to see the YTD Profit & Loss Statement thru December

• November, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: Year-to-date (YTD) operating revenues reached $697,325; up from $688,485 at the end of September. YTD net income after depreciation was a positive $59,385 and before depreciation was a positive $149,261.80. The winter months are having an impact on YTD revenues and profits as budgeted.

  Click (((-))) here to see the YTD Profit & Loss Statement thru November

• October, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: Golf Club operating revenues reached $688,485 YTD; up from $592,069 at the end of August. The impact of the fall/winter months is impacting YTD financials as planned. Net income after depreication was a positive $91,445 and before depreciation was a positive $173,151. Through October, the Golf Club is ahead of its' net income budget.

  Click (((-))) here to see the YTD Profit & Loss Statement thru October

• August, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: Golf Club operating revenues reached $592,069 YTD. Net income before depreciation reached a positive $124,114. Net income before depreciation was a positive $194,478. The Club is in its' highest positive annual position after the summer months as budgeted. The net income is expected to decrease the rest of the year, but end in a positive balance by year end.

  Click (((-))) here to see the YTD Profit & Loss Statement thru August

• July, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: Golf Club operating revenues reached $162,643 in July; approximately $7,000 over the budget. A great month! This makes year-to-date revenues $438,208. Net Income before taxes are a positive $45,325 and Net Income before depreciation reached a positive $102,518. The Golf Club is very close to its budgeted finanicial Net Income Plan.

  Click (((-))) here to see the YTD Profit & Loss Statement thru July

• June, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: The gain before depreciation thru June was a positive $11,097 compared to a net loss of -$13,243 at the end of May. Already thru 12 days of July, the revenue has increased by approximately $68,000. The impact of the summer business is positively impacting the financial's as planned.

  Click (((-))) here to see the YTD Profit & Loss Statement thru June

• May, 2009 SPGCO Year to Date Profit & Loss Statement
  Note: The budgeted loss before depreciation thru May was $17,889 and the actual was $13,243.11. This is $4,646 better than we anticipated and budgeted. June, July, and August are the best revenue producing months.

  Click (((-))) here to see the YTD Profit & Loss Statement thru May

• 2009 SPGCO Budget

  Click (((-))) here to see the budget

   

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