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Oak Hills posts stronger-than-expected August revenue; pro to retire and talks with First Tee begin
Summary
Oak Hills reported better-than-budgeted revenue for August and year-to-date, announced the golf professional will retire at contract end, and said discussions are underway with the First Tee nonprofit about program and facility additions.
Alan Dutton provided the quarterly Oak Hills update to the Norwalk Board of Estimate and Taxation on Oct. 6, reporting stronger-than-expected early-season revenue and several operational developments.
Dutton said Oak Hills' August revenue came in at $423,000 versus a $338,000 budget, producing a $76,000 net gain for the month. Year-to-date through August, revenue totaled $841,000 against a budgeted $707,000, leaving the course about $116,000 ahead of budget after two months. Dutton attributed the stronger results largely to favorable weather and solid housing-related rounds.
On expenses, he said Oak Hills spent roughly $241,000 in August compared with a $232,000 budget, adding approximately $9,000 in month-over-month expenses to support higher play. Dutton described the overall two-month net result as “a $116,000 ahead of our budgeted, net income.”
Dutton also announced that the golf professional, Paul, will retire at the end of his contract in October and that a search committee is forming to recruit a replacement. He said Oak Hills has been working with the First Tee, a national 501(c)(3) youth-golf organization, about establishing a presence in the county and that First Tee is “pretty well funded” and interested in investing in facilities at Oak Hills, including practice areas, a small driving range and short holes for youth instruction.
Board members asked about the course restaurant's rent schedule. Dutton said the lease includes a low base rent in early years—around $2,000 a month—with a planned increase to roughly $3,000 and a percentage share tied to food-sales growth.
Troy Gillarat, a board member who participated in a recent fundraiser at Oak Hills, praised staff for hosting the event and told Dutton the operation was “top notch.” The board had no formal vote related to Oak Hills at the Oct. 6 meeting; the update was informational.
Dutton said he would provide additional financial details if requested and will assist with the golf-professional recruitment process.
