Pro Shop Contract
After careful consideration and in line with our strategic plan for 2022-2026, the Board of Directors has agreed with Teed Up Management Pty Ltd to mutually end our professional services contract, effective 31 January 2024. The communication sent to Members on 7 August can be viewed here.
The Board and Management are working on the details of the future Pro Shop structure and will be discussing any suitable opportunities with current staff over the coming months.
Lease offer from NBC
The proposed 30 year lease for the Club is currently under review following the 28 day public notification period.
A report on the community submissions is currently being drafted by Council to present to the Councillors for the upcoming Council meeting. This report will also be made public and when available, the Club will post the details on the Club website and newsletter for viewing.
Clubhouse Compliance Works
The construction works that are in progress in the kitchens and functions rooms are expected to be completed by 11 August.
There have been significant upgrades to the kitchen storage areas which will assist in improving the operations of the Café and Functions. These include an additional cool room, freezer room, furniture storeroom and rectifying non-compliant areas highlighted in the quarterly operations audits the Club carries out.
The construction process has been successful and is on track to be delivered under budget. More details and before and after pictures will be provided once the project has been completed. We will invite Members to tour the new facilities once the team have settled in. Details will be forthcoming.
Bunker Construction
The Bunker Construction has continued to progress without any major interruption, the team currently finalising the 6th hole. Construction will then begin on the 14th hole and then to the 7th hole.
Whilst the primary focus has been on the Bunker Project, we have taken the opportunity to rectify some of the long term issues that have been present on the Course. Areas such as the drainage on the right side of the 18th fairway and low areas that retain water around the 6th green have been reshaped and turfed.
The Quartz Cowra sand continues to have supply issues and is the only factor that has hindered some bunkers returning to play. The quarry is currently supplying to several golf clubs across NSW and the number of deliveries to each Club per month is limited.
Updates will continue to be posted on the Members portal.
Clubhouse Master Plan
A site audit of the entire Clubhouse and its surrounds has been undertaken during the compliance work stage to provide a comprehensive understanding of the condition and structural integrity of the existing aging building and extensions. The Building Report will assist the Building Committee and Board to develop a Clubhouse Masterplan which will assist us to achieve our vision of being "The best beachside destination offering exceptional golf and hospitality experiences for our Members and community".
Proposed Board Walk Replacement
Following three consecutive years where king tides have caused significant damage to the public boardwalk on the track south of the 17th tee, the Council have proposed the redevelopment of the boardwalk.
The proposal includes an enviro tread boardwalk positioned higher than the existing boardwalk which will withstand the king tides that have frequented our coastline in recent times.
The plan will include relocation of the women's and social 17th tees 2 metres further into the Course.
The project is still under Council review and if approved, will take place in 2025. The Council will work with the Golf Club to ensure disruption is limited during the construction phase.
Financial Performance
This has been the most profitable year on record for the Club. A profit of $1.4 million. Total Club Revenues are up 23%, almost all of the growth coming through Food and Beverage. The functions (record weddings of 110), café and bar generated a contribution of $1.2 million up from just $500k last year. Compare that to other North Shore Clubs of similar size who average a loss of around $400k on F&B. We are $1.6million better off.
I must also provide context. We have already spent the profit. The Bunker Master Plan and the compliance works have sucked up all the profit for the year. We also have some significant outlays coming up. In addition to the development and execution of the Clubhouse Masterplan, the course irrigation system is very old and is being held together by the ingenuity of the Greens Staff. Replacement will be in the range of $1.5 million. We don't know when it will fail completely.
It is a huge credit to Ben and the team who have built the Food and Beverage business to levels that will enable us to continue meaningful investment in the course and Clubhouse.
I must also thank you, our Members, for your patience, not only with the inconvenience of the Bunkers and the Compliance works but also being understanding and accommodating of the ever increasing traffic of visitors supporting the Club's financial success.
The Audit of the Financial Statements and preparation of the Annual Report is currently underway and will be available in early September.
Board Elections
The Board election process commences in September and the Board for the following two years will be inaugurated at the Annual General Meeting on 26 October 2023. Information will be made available to Members in early September, however these are the key dates:
- 20 September - Nominations for Board open
- 4 October - Nominations for Board close
- 11 October - Ballot for positions on voting paper
- 12 October - Voting opens
- 22 October - Voting closes
- 26 October - Long Reef Golf Club AGM