RubinBrown Country Club Stats 2011

Operational Information

Average Revenue

Median Revenue

Per Member

Per Member

1. Operating revenues per member (all members excluding nonresidents) during the past fiscal year: Dues

$5,340

$5,142

Initiation fees (12 clubs)

556 537 847 495 492

349 457 807 486 495

Capital assessments (10 clubs) Operating assessments (7 clubs)

Greens fees Cart rental Locker fees

97 38

83 38

Tennis and swimming fees (10 clubs) Pro shop merchandise sales (10 clubs)

687

627

Restaurant sales Bar sales (13 clubs) Service charges All other income

2,581

2,486

922 818 394

950 750 362

$13,804

$13,032

2. Operating expenses per member (all members, excluding nonresidents): Food and beverage

$4,266

$4,270

Golf course and grounds

2,347 1,366 1,402 1,409

2,352 1,255 1,296 1,436

Pro shop (11 clubs)

General and administrative

Depreciation

Real estate taxes

307 322 351 469 981 525

294 268 271 470 914 519

Insurance

Interest (13 clubs) Utilities (10 clubs) Clubhouse (13 clubs)

Other (12 clubs)

$13,745

$13,345

3. A. Monthly dues, assessments and charges (regular members): Average monthly membership dues and operating assessments

$562

Average monthly capital assessments (9 clubs) Average monthly food & beverage minimum (9 clubs)

59 75 65

Average monthly service charge (9 clubs)

B. Average total monthly charges

$689

C. Average increase in dues for regular members over prior year

1.6%

Average

Median

4. Initiation fees: A. Initiation fee for regular membership

$22,900

$10,750

B. Refundable portion of regular member initiation fee (7 clubs)

1,440 1,360

500

C. Initiation fee for social membership (10 clubs)

1,000

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