Financial Report

The first quarter of the Club’s fiscal year ended Nov. 30, 2021, and is off to a great start. Year-to-date the Club has experienced strong performance in the following areas: F Member headcount reached 2,383 which was 45 better than budget and 209 ahead of last

November (see graph)

F Dues revenue was $2,150,000 which was $28,000 ahead of plan F Overnight Rooms revenue came in nearly $50,000 over budget at $315,000, with an average rate of $104 F Profit for the Rooms department topped $144,000, beating budget by $58,000 and last year by $177,000 F West Pro Shop revenue continues to set records, coming in at $148,000 for the quarter compared to a budget of $133,000 and last year of $146,000 Other benchmarks include: F Operating revenue totaled nearly $3,000,000, which was $1,300,000 better than last year F Net Operating Cash Flow (net income before depreciation) for the quarter totaled $556,000, which was $8,000 less than budget, but $471,000 ahead of last year F The line of credit balance was zero F The Club’s long-term bank debt was $5,997,000 While operating revenues have fluctuated from month to month, management has become adept at reacting quickly to adjust staffing levels and expenses. And with the positive membership recruitment activity throughout the fall, the Club will continue to post strong dues revenue and initiation fees in the coming months. Speaking of initiation fees, don’t forget, the initiation fee increase goes into effect soon, so if you’ve been thinking about introducing a friend or colleague to the Club, now is the time! If you have any questions regarding the Club’s finances, please contact the Club’s Chief Financial Officer, Pam Roth, at 314-539-4400 or proth@mac-stl.org.

Pam Roth, Chief Financial Officer Missouri Athletic Club

Phase One of the wireless networking project is underway at the West Clubhouse! ENT technicians are busy installing fiber optic cable throughout the building to facilitate more reliable and faster internet speeds. Once the cabling phase is complete, work on Phase 2 will begin. Several wireless access points will be replaced with new dual-band, 802.11ac Wave 2 access points designed to support high-speed, high-density networks, utilizing Wave 2 technology to reach an impressive 2+ Gbps aggregate throughput rate. We appreciate your patience during Phase 2 as you may experience short temporary interruptions to the wi-fi and internet services at the West Clubhouse while we reconfigure the network and install the new access points. Stay tuned for updates on exciting technology upgrades!

Rick Garrett, Directory of Technology