A break-even year for Trentham Golf Club
Trentham Golf Club had a very successful year in 2018, even though the accounts showed the club only broke even financially with a profit of just $151 (last year $15,817). While overall income was up by nearly $21,000, with an increase of $10,000 in green fees and $11,000 in membership income, this was offset by greater expenditure on course improvements (including a 10ML water right costing $25,000), wages and depreciation. Given this, it was a more than satisfactory result.
Other achievements included the finalisation of the water security project, a $2000 annual power saving from the solar system, two new lithium-ion hire carts, a new rough mower, fairway oversowing to improve conditions, pine plantation harvesting and record numbers in our very popular Annual Tournament.
Membership numbers have stabilised after the downward trend of the last few years, with 236 members of all types. The more flexible memberships (Access and Lifestyle) have provided new members, and most importantly a way for some members to maintain a connection with the club when they would otherwise drop out of membership due to age, health problems or work commitments. The switch from manual membership management to the "cloud" through Club2ic has been a great addition, as has the OneGolf competition system for members.
The Annual General Meeting on November 24 approved an modest increase in full adult membership to $550 per year (corresponding family membership increase to $1100). Lifestyle memberships will also increase to $310 per year, and Access memberships to $125.
Members can download the Annual Report here.