The pace and amount of new information we are receiving about the Covid-19 virus is changing rapidly. Our plans and actions for the golf club must adapt with what occurs and what we learn. We are continuing to prepare to open the golf course and the Clubhouse, while at the same time developing alternative plans that will adapt to the state of the virus and the direction we receive from our health organizations and governments.
In the midst of this preparation we are modelling three scenarios: normal opening, just opening the golf course, and not opening anything. There are also a number of minor variations, but with these three financial and operating plans identified, we can continue to be proactive and adapt to what occurs.
There is much that needs to be done to prepare the golf course for play after a Canadian winter. Even if we were unable to open the golf course, as it is a living environment, there will still be much to do to maintain and protect our prized asset. These activities require staff, equipment and resources, which in turn require financial resources. The Clubhouse also needs preparation for the season, especially to provide food services, should we be able to offer them. This also requires staff, equipment and raw materials, which in turn require financial resources.
Whitevale Golf Club is a not-for-profit corporation and it operates year to year on the revenues it receives. There is no background reserve fund that we can raid to pay expenses. Including uncertainties, we must therefore continue to deposit the membership dues which we are receiving from you. You can be certain we are working diligently to protect your money and provide an enjoyable golf experience as soon as we can. We are all members, co-owners and golfers.
Working together, be assured management and the co-owners on the Board are being very careful with your money. All purchases have stopped and discretionary expenses are being eliminated. We are also working with our vendors and creditors to find savings and to defer any expenses that are deferrable. We also intend to pursue any available government grants, such as those that were recently announced. As it becomes clearer what services can be offered, we will finalize a revised 2020 budget and share it with you. In addition, frequent updates can be expected.
This situation is unexpected and one which is uncharted. With this, our health authorities are providing the guidance which is fundamental to the scenario we all, members and employees will live. Together, our priorities are the health and safety of our members/owners, and employees, and the general welfare of our Club.
We are confident we will successfully exit this situation and the current uncertainties better than most.
Kind Regards,
Mark Crerar,
President
C.c.
Board of Directors
Sean DeSilva – GM and COO
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