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Land Bank hears mixed June results for island golf operations
Summary
Staff told the Land Bank Commission on July 22 that summer programs and leagues boosted receipts at one course while another course remained behind year-to-date targets; payroll and operating expenses fell in both reports. Commissioners discussed programming changes but took no formal action.
A staff member reported that June marked the first full month under the fiscal year accounting change, producing mixed financial results across the Land Bank’s golf operations.
The report said one facility’s June revenue rose 13 percent with gross profit up 14 percent versus budget, while rounds and covers were down for that site in the month. Payroll and expenses at that facility were both cited as down about 29 percent. The same presenter described active programming — children’s clinics followed by the men’s…
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