Bay golf club fights downturn
HERVEY Bay Golf and Country Club has gone through some rocky times and had to make some hard decisions but president Roy Fox is confident it will continue to trade.
Mr Fox said the global financial crisis had affected all clubs and HBGCC had its own problems starting at the end of last year.
“But the management committee took immediate remedial action to arrest that decline by trimming staff numbers and by the imposition of very strict cost control measures in the bar and restaurant areas,” he said.
“The management made some hard decisions, sometimes not the most popular with members, in cutting unnessary, wasteful and unprofitable endeavours.
“Naturally, this club has also experienced cash-flow problems but with timely action taken, the immediate need was overcome.”
Mr Fox said the golf course had been well attended but bar, poker machine and food revenue had dropped in line with other clubs which was about seven per cent to 10 per cent.
“We are very confident that we will be continuing to trade,” he said.
“This club has shown healthy operational profits in both 2009 and 2010. We've gone through some rocky times like everyone else. We have had tight times but we are, at this stage, okay.”
Mr Fox said he would not be standing for re-election at the annual meeting on November 21 where members would be asked to vote to increase membership fees as costs continued to escalate and to approve other budgetory measures.