by Lloyd Sherman, July 15, 2019
To augment Frank Leeming’s quarterly report, please find below my monthly assessment of the financials issued earlier today.
The good news is that June showed improvement in some of the golf numbers, however, I still believe we are tracking on a potential loss of around $3 million for the year. Time will tell.
Restaurant operations continue to drain our resources. Very little improvement is to be seen and in the case of the bottom line, it appears to be worsening.
No sense even addressing Village Homes & Land. Their numbers are buried in Administration, but since inception, they have generated right at a total of $100,000 in commissions (revenue to them) in over two years of operations for house-related sales.
HSVPOA First Half 2019 Financial Analysis – Lloyd Sherman
First-Half-2019-Financial-AnalysisHSVPOA July 17 CFO Corporate Treasurer’s Report
6June-Financial-Packet-2by Lloyd Sherman, July 15, 2019
Edited and formatted by Cheryl Dowden
Anonymous
07/16/2019 — 9:47 am
Cut the fat from the budget. Look at cutting
High pay positions and realign jobs to combine salaried positions.
Kirk Denger
07/17/2019 — 11:15 pm
Compagna ran on the platform of cutting 3 Mill from the budget. Now he is just another turncoat running away from his promises.
Andrew Kramek
07/16/2019 — 1:46 pm
One obvious stand-out from this. Get the PoA out of the restaurant business! Turn the running of restaurants over to the managers and just charge them a monthly lease fee. Stop paying for staff, ingredients, utilities etc etc. It seems to work for at least one restaurant (Mulligan’s at Ponce) why not for others?
Fred
07/21/2019 — 5:35 am
None of the current board or POA management could operate a profitable business. They are clueless. But they have our money to toss at losing propositions, and away they go!
Easy work if you can find it. Very easy.