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3/2/2014 2:14:14 PM
 
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Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879245
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Joe, It really is time for Gene to reiterate his lessons on operating costs vs. depreciation vs. capital investments. Just becauise all three are written with a dollar sign in front doesn't mean you can simply add them together.
In any case, all of this discussion of $63 vs. $113 is based on the COPE open space proposal. In that context, the $63 figure is the correct amount to be saved since, even if we just let the course turn to weeds and have zero additional operating cost, the $50 that is depreciation will continue for years. Land improvements depreciate over 50 years, buildings 25 years, equipment 10 years, etc. Bill Z |
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For reference, the above message is a reply to a message where: You are taking this to the point of absurdity. Nancy mentioned loss. The audited loss was $958,000. This overall issue is about the total cost of golf to all association members. That total cost is the bottom line for golf in the audited financial statement. You can mention the operational loss in thousands more messages, but it will not change the fact that actual total loss per audited financial statement was $958,000, or $113 per association member out of the assessment. |
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