How is the financial health of golf courses in your community?

[ApocG10]

Originally Posted by sean_miller

The local GCC must be doing okay. Somebody stole > $1million and they didn't notice until he resigned.

links? Geez, thats nuts. How does anyone not miss a million bucks? Aside from Bill Gates and the like, anyway.

[sean_miller]

Originally Posted by ApocG10

Quote:

Originally Posted by sean_miller

The local GCC must be doing okay. Somebody stole > $1million and they didn't notice until he resigned.

links? Geez, thats nuts. How does anyone not miss a million bucks? Aside from Bill Gates and the like, anyway.

No links. I gotta live in this town!!

[audi2000]

I have a "Carolina Trails" membership. Includes driving range(400 balls/day), 7 courses unlimited weekday play, which works for me since week ends are crazy busy, for $900/year. Nice courses to choose from. There's one course in this association which is having financial issues, not paying staff and vendors, perhaps others but no direct knowledge of any issues.

[Chief Broom]

Originally Posted by ApocG10

links? Geez, thats nuts. How does anyone not miss a million bucks? Aside from Bill Gates and the like, anyway.

This is the way embezzlement works.  The embezzler actively works to maintain the cover up of the funds being stolen.  They get caught when someone finally figures out that something is wrong and decides to perform an external audit, or something happens to prevent the embezzler from actively covering up the missing money (e.g. the embezzler retires, gets fired, goes on an unexpected medical leave, or even goes on vacation).  One red flag for auditors is when a key employee never takes vacations or only does so for short periods of time and specifically sets it up so that other employees don't have to assume their regular "workload".  It's ironic because the person stealing from you isn't the lousy employee who always calls in and never wants to work.  Instead it's the key employee who is always there and never wants to leave.  They don't want to leave because they are making an incredible amount of money the boss doesn't know about, but it's definitely very counter-intuitive.  It's very common to see a situation like this be going on for years or even decades.  I've seen businesses go bankrupt because of this and it's always a shock because no one sees it coming or suspects the ultimate culprit of the deed.