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12/29/2024 9:52:50 AM
 
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Section 5: OPA Board Subject: 2025-2026 Proposed Budget Msg# 1218120
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Ken, you are correct.
The Yacht Club loss including depreciation this year is likely to be closer to $400,000. Depreciation will be in the range of $180,000. Actuals are going to be in the area of $200,000 off of last year. What is your take on likely loss with depreciation this year? |
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For reference, the above message is a reply to a message where: >>> One interesting item in the document is the Yacht Club is estimated to lose about $177,000, including depreciation, in the current fiscal year. <<<< I agree with the $177,000 figure but in a different way. The Yacht club was budgeted to make $160,000 this year but they are now forecasted to lose $17,000. So, the YC is performing below budget by $177,000. This is all before depreciation expense. |
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