message board home
Next
3/2/2014 3:00:15 PM
 
Reply
or ReplyNewSubject
Section 5: OPA Board Subject: COPE Golf Petition? Msg# 879253
|
||||||
|
We are talking about the total cost of golf. I have already written that turning the area into park will not eliminate that totally. The issue is not simply one of money, but also the best use of the land area to benefit the most association members and provide an amenity that may be more valuable than golf.
As for adding numbers together, I did not. The CPA firm that does our audit came up with the total cost of golf above and beyond golf income. Besides, thus far only two items are mentioned with regard to the audit -- operating loss and depreciation. The issue of making the land open space / park should be decided by association members in referendum. If they decide to keep it as golf course, so be it. |
||||||
|
|
||||||
|
For reference, the above message is a reply to a message where: 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 |
| Calendar |
OPA Board Meeting - Golf Clubhouse
12/21/2024 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
1/25/2025 - 9: A.M. |
|
OPA Board Meeting - Golf Clubhouse
2/22/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
3/29/2025 - 9:00 A.M. |
|
OPA Board Meeting - Golf Clubhouse
4/26/2025 - 9:00 A.M. |