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FINANCIAL UPDATE As of June 30, 2025
By Nolan Person President, Woodbridge Golf & Country Club
As part of our ongoing commitment to transparent and effective communication, I am pleased to provide you with a mid-year financial update. This summary reflects our financial performance and position through June 30, 2025. It is our goal to keep you well-informed on how your club is operating and where we stand financially.

Balance Sheet Highlights (as of June 30)
• Cash & Reserves: Our cash position has declined compared to last year, primarily due to the legal settlement and the timing of capital expenditures and ongoing investments in club improvements.
• Working Capital: Reflects a reduction year-over-year, which we continue to monitor closely while balancing our operational needs and strategic projects.
• Total Debt: Down by more than $170,000, a positive step as we continue to reduce our long-term liabilities.
Income Statement Summary
• While we are slightly behind budget in most revenue categories, we continue to see strong participation across our amenities.
Cost of Goods Sold
• We are managing costs effectively, particularly in Golf Merchandise, which has contributed positively to margin preservation.
Operating Expenses
• We are operating under budget by more than $113,000, thanks to disciplined spending and cost management across multiple departments.
Bottom Line
Net Operating Income $37,573
Budgeted: $46,249 Variance: ($8,676)
While slightly under our year-to-date target, we remain close to break-even and well-positioned heading into the second half of the year.
We appreciate your continued trust and support as we maintain a careful balance between enhancing the member experience and ensuring long-term financial sustainability. We will continue to provide regular updates and welcome your feedback at any time.