Report from the Board

Dear Member

The Board would like to update you regarding the current financial situation at the club, and share with you plans going forward for the remainder of the financial year.

As we all know we had a tough start to the financial year (Oct 2012), as the weather continued to play a big part in disrupting competitions and general play on the course, putting considerable strain on our resources.  We are very reliant on green fees which effectively subsidise our subscriptions.  This income provides us with a buffer which allows us not only to survive in an increasingly difficult trading environment, but also enables us to make provisions for the future.  Maintaining control of our day-to-day running expenses is key to our continuing success.

We are pleased to announce, that due to the hard work and diligence our staff has put in over the past 6 months, to June 2013, we have managed to recoup some of the afore-mentioned losses.

Here are some highlights:

1, Subscriptions are slightly down on Budget, but we are ahead of last year with many more members joining throughout the year.

2, Greenfees continue to be a challenge, being down against budget, and almost on a par with last year.  Our Director of golf is working very hard to encourage new visitors to the club, and we have seen a substantial increase in green fee payers of the last 3 months.  We are sure that his initiatives will continue to enhance the bottom line.

3, Catering continues to be ahead of Budget, due in no small part to the great work our GM has done over the last six months to market very effectively MGC as a function venue, Patrick’s very high level of expertise and professionalism and Archie’s ability to consistently return good margins.  The recently completed patio project should further enhance this source of revenue, though we are of course at the mercy of the weather in this regard!

4, Spend is a key measure for us, and we’re pleased to report that this is very much under control against last year.

Dennise and Paul will continue to explore new avenues regarding the marketing of the club through sponsorship and other initiatives which will generate further income over the next few months and beyond.

Qtr 4 (July – Sept) will continue to be a challenge but we have a packed golfing & functions diary to look forward to.  Here’s looking forward to sharing more good news stories at the AGM.

The Board.

Mitcham Golf Club