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

bogey joe

By bogey joe
in Golf Talk

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Note: This thread is 5018 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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ApocG10 Great Member

ApocG10

Posted
Posted
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.

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Wilson Staff Ci-11 4-GW (4I is out of the bag for a hybrid, PW and up were replaced by Edel Wedges)
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Edel Forged 48, 52, 56, 60, and 64* wedges (different wedges for different courses)

Seemore Si-4 Black Nickel Putter


sean_miller Incredible Member

sean_miller

Posted
Posted
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!!

Mizuno MP600 driver, Cleveland '09 Launcher 3-wood, Callaway FTiz 18 degree hybrid, Cleveland TA1 3-9, Scratch SS8620 47, 53, 58, Cleveland Classic 2 mid-mallet, Bridgestone B330S, Sun Mountain four5.


audi2000 Member

audi2000

Posted
Posted

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 Great Member

Chief Broom

Posted
Posted
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.

Nike Vapor Speed driver 12* stock regular shaft
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Ping i10 irons 4-9, PW, UW, SW, LW AWT stiff flex
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Note: This thread is 5018 days old. We appreciate that you found this thread instead of starting a new one, but if you plan to post here please make sure it's still relevant. If not, please start a new topic. Thank you!

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