Once again, the actuals did not live up to the rosy Troon forecasts.Troon Forecasts
Member Rounds 1780
Non-Member Rounds 1330
TOTAL ROUNDS 3110
Actuals
Member Rounds 1439 (Off by 341)
Non-Member Rounds 920 (Off by 410)
TOTAL ROUNDS 2359 (Off by 751)
A $12,000 shortfall in Non-Member revenue
Keep in mind that Non-Member Rounds are the revenue-producing rounds since Members pay the same monthly fee whether they play twice per month or 20 times per month.
At $30.00 per round, non-member revenue projections for June were $39,900.
(Projected 1330 rounds x $30.00)
The actual non-member revenue in June was $27,600.
(Actual 920 rounds x $30.00)
This is a $12,300 miscalculation!
Fiscal year-end financials will not be available until September. It’s a good bet that Troon’s forecasts will continue to be way off but they will still keep their job.