golf course details

Golf course was discussed in some detail, at the prodding of Mr Youngs. Fuel and fertilizer costs doubled last year and was a significant part of the losses. It was budgeted that the golf course would lose 150k this year with the goal to get down to 50k in the near future. Also, in this recession, there are fewer tourists and less players overall. It was reported that our decreases were less than surrounding courses and that second quarter revenues will show an improvement. Whether that means a return to profitability or less losses is not clear. Cheaper ways of fertilizing the course are being explored. It is the course managements opinion that we are the best Bang For The Buck in town and that will sustain us during this downturn. It is also their opinion that the quality of help with the maintenance contract is better than before.