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Financial Update from the President
(Please see the November News for complete numbers)
BY NOLAN PERSON BOARD PRESIDENT
As of September 30, 2025
As part of our continued commitment to transparent and proactive communication, I’m pleased to share an update on the financial position and operating results of the Club through Sep 30, 2025. These figures reflect our progress year-to-date and provide insight into how we are managing your Club’s resources as we approach year-end.
Balance Sheet Highlights (as of Sep 30)
Cash & Reserves: Our cash position has declined compared to last year, primarily due to the legal settlement and the timing of capital expenditures and ongoing investments in club improvements.
Working Capital: Reflects a reduction year-over-year, which we continue to monitor closely while balancing our operational needs and strategic projects.
Debt: Our total debt has been reduced by over $170,000, reflecting continued progress in responsibly managing and paying down our long-term obligations.
Income Statement Summary (Year-to-Date through Sep 2025)
Overall revenues are tracking 2.6% below budget, primarily due to softer performance in Golf Operations and Membership Dues, which have been partially offset by stronger results in Tennis and Events. Food & Beverage revenues remain steady despite a competitive environment and slight reductions in event activity earlier in the year.
Cost of Goods Sold
Cost controls remain effective, with total COGS running under budget by $36,000. Efficient purchasing and inventory management in Golf and Fitness have offset modest overages in Food & Beverage and Tennis.
Operating Expenses
Operating expenses continue to trend favorable to budget by over $100,000, due primarily to prudent management within Administrative, Membership, and Golf departments. This disciplined approach has helped offset revenue shortfalls earlier in the year.
Bottom Line
Net Operating Income (Loss) | Actual: $88,919 | Budget: $124,541 | Variance: ($35,622)
Commentary:
The Club remains in a stable financial position, producing a modest positive operating income through September. While slightly below budget, results remain within an acceptable range given the timing of events, weather-related impacts on golf play, and capital project commitments completed this year.
Looking Ahead
As we approach the final quarter of 2025, our focus remains on:
• Maintaining financial discipline while completing scheduled capital projects.
• Continuing to manage cash flow and working capital prudently.
• Evaluating strategic opportunities to enhance member value and long-term sustainability.
We appreciate your ongoing trust and support as we work to ensure the continued strength and success of Woodbridge Golf & Country Club for years to come.
Warm regards,
