3/1/2014 7:55:20 PM
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Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879146
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Carol:
You believe whatever you want to believe and please do not allow me to confuse you with the simple facts. Have you no rudimentary understanding of business economics? Here is the bottom line profit/loss number for our golf operation from our audited statement for 2013: -$536,901.00, or approximately $63.57 per assessment. Our assessment also included depreciation in the amount of: $420,392.00, or approximately $49.77 per assessment. There was also some crazy capital expenses like drainage and new greens that would take a great deal of my time and effort to calculate and I have no intention of doing so. The audited amount comes to a approximate total per individual assessment amount for golf of: $113.34 plus the capital. Carol, should you want any further information with regard to the numbers please feel free to go to the oceanpines.org and look for yourself. Marty |
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For reference, the above message is a reply to a message where: Marty, So, who should we believe, you or the auditors? Why did you post the $64 amount if it was not correct? |
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