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Land Bank Commission hears golf-course financial update; putting green rebuild planned
Summary
Golf operations staff told the Land Bank Commission the golf facilities posted revenue gains and improved gross profit year to date, described operating and payroll trends, and outlined capital work including a USGA-spec putting-green rebuild and a handicap-parking project to be completed before next season.
Golf operations staff reported to the Nantucket County Land Bank Commission that rounds and revenue are up year to date and that gross profit is tracking above budget despite seasonal closures and aeration days.
"First and foremost, we have money to give you," said Sean, the golf operations presenter, as he opened the financial report. He told commissioners revenue was up 7–16 percent across several metrics depending on the line item and that payroll and operating expenses were being actively managed to keep the operation near budget. "Payroll is down 4%" was presented…
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