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Unaudited figures show roughly $4.5M in revenues and healthy margins at Pleasant View
Summary
Jeremy presented unaudited Q4 financials showing about $3.2M in golf sales and roughly $4.5M in total revenues, with draft capital spending of about $1.9M and a projected cash balance near $1.3M after planned projects.
Jeremy presented a draft, unaudited financial and operations update for Pleasant View Golf Course and said the numbers are his internal summaries, not final audited figures.
"These are not audited," Jeremy said when sharing a spreadsheet. He reported roughly $3,200,000 in golf sales against a budget near $2.7 million and food-and-beverage sales of about $917,000. Jeremy described total revenues around $4.5 million, operating expenses near $3.0 million, and capital expenditures of about $1.9 million.
Jeremy noted a $450,000 payment to TID 3 (now closed) and referenced a PILOT (payment in lieu of taxes) to the City of Middleton that affects cash flow. He said the course had cash reserves of about $2.2 million and projected a year-end cash balance of roughly $1.3 million after planned capital work.
He emphasized that final audited numbers typically arrive on an April timeline; committee members asked no substantive questions about the draft figures and thanked Jeremy for the summary. The committee agreed to wait for audited financials before committing to major capital projects.
