On August 30, 2023

Green Mountain National Golf Course hit financially by rainy weather

 

Staff report

Rainy days have caused financial setbacks at Green Mountain National Golf Course in Killington.

Expenses for July were up while revenue was down, according to a comparative financial document.

The Killington Select Board approved the financial report Aug. 28. The document showed revenue was down around $30,000 in total, while expenses were up about $14,000 for July, which were budgeted as costs of goods were higher with inflation. 

This is the first year that GMNGC is paying the bond in full and that will not change despite the revenue shortfall. 

Most of the revenue shortfalls were in the green fees and restaurant, which was down $10,000, and the pro shop, which was down about $20,000. 

Two budget items that saw revenue increases were lessons, which were up $4,000 and season pass memberships, which were up around $2,200. 

Meanwhile, maintenance expenses were up about $4,000, restaurant expenses were up $5,000 and pro shop expenses were up $2,000. 

The town-owned golf course has been managed by Brown Golf Management since 2018. 

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