AS Covid-19 continues to have a devastating impact on club finances, Killarney Golf and Fishing Club members will tonight vote on whether to pay an emergency levy proposed by the management council.
A special general meeting will be held with voting to be conducted online or at a special supervised voting kiosk in the clubhouse.
Having reviewed the club’s finances, club chiefs have proposed a €250 levy to be paid by all members, excluding juniors, in addition to annual membership subscriptions.
The three options suggested are for payment in full by December 31, two payments of €125 at different times or for smaller payments over a longer period of time.
“Covid-19 has had a significant negative impact on our financials, primarily due to lack of overseas travel,” the management council said in correspondence to members.
“We are heavily reliant on our international guests and, in their absence, we experience shortfalls. We envisage this negative impact will continue throughout 2021 and possibly into 2022,” the committee added.
The club estimates that overall income will be down by €892,500 on budgeted projections with projected losses of €54,989.
Green fee income, including the driving range, is expected to be down by €700,000 on budgeted projections while ancillary income from the golf shop, buggy and trolley hire and food and beverage is expected to be down by €137,500 on budgeted projections.
Projected budgets outline losses of €257,500 in 2021 and continued losses of €161,500 in 2022.
“Overseas bookings remain fragile. We are overly reliant on international guests and in their absence we experience financial shortfalls,” the management council stated.
Costs have been tightly managed in 2020 and will be reduced by circa €581,500 on budget.
Other significant concerns outlined include:
- The aged golf course machinery fleet with the costs of repairs no longer economically viable. This poses a credible risk to the quality of the courses.
- The aged clubhouse requires repairs in many areas to ensure its operational capacity is to an approved standard.
- The lagoon and car park require significant repair.
- The golf academy and driving range at Lackabane requires significant investment to ensure its operations can continue.
- The Mahony’s Point course requires significant development to enhance its reputation and standards. This will allow for greater positioning in the domestic and international markets.
Another motion down for decision tonight proposes that, given the circumstances of this year, the club captain, lady captain and president will continue in their current positions through 2021.
The management council is also proposing that, as 2020 does not count for the male and female club committees, all members may serve again next year without exceeding the five-year maximum outlined in the club constitution.
In a message to members, the trustees of Killarney Golf and Fishing Club said all outside avenues of extra funding have been explored and the levy request was in the best interests of the club and, ultimately, the members.
“The motions being proposed by the management council are each of great importance to the future of the golf club,” said the four-person board of trustees, Paul Coghlan, Katie O’Connell, Kieran O’Connor and Barry Duggan.
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