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Old Works Golf Course board approves minutes and financials, records fund balances
Summary
At its Feb. 16, 2025 meeting the Old Works Golf Course board approved Dec. 1 minutes and the presented financial reports, recording year-to-date cash flow and fund balances; motions passed unanimously (recorded tallies 4–0).
The Old Works Golf Course Board met Feb. 16, 2025, at the clubhouse and approved the Dec. 1 meeting minutes and the financial reports presented for November and December.
The board recorded November month-end revenue of $(80,456) against a budgeted $(49,614), a negative variance of $(39,842) largely attributed in the minutes to a large sand payment and slower FB revenue. December showed month-end revenue of $(148,115) against a budgeted $(128,885), a variance of $(19,229). The minutes list total net cash flow for the year at $400,795 with a year-over-year variance of $95,255. The record also lists fund balances "as of Feb. 1, 2026" as Operations Subsidy Funds $2,295,220 and Capital Improvements Fund $67,373.
Motions to approve the Dec. 1 minutes and to approve the financial reports were both moved by Gary Carlson and seconded by Ed Beaudette; each motion passed with a recorded tally of 4 in favor and 0 against. The minutes note there were no public comments on the motions.
The board did not adopt any new budget amendments at the meeting; the financial review was recorded as informational and accepted as presented. The meeting record lists Ed Beaudette as preparing the minutes for this session, substituting for Allen Green.
Votes at a glance: Dec. 1 minutes — motion by Gary Carlson, second Ed Beaudette; tally 4–0, approved. Financials — motion by Gary Carlson, second Ed Beaudette; tally 4–0, approved.
