Jump to content
Sign in to follow this  
bogey joe

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

Note: This thread is 2802 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!

40 posts / 4400 viewsLast Reply

Recommended Posts

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.

Share this post


Link to post
Share on other sites

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!!

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

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.

Share this post


Link to post
Share on other sites

Note: This thread is 2802 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!

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  



×
×
  • Create New...

Important Information

Welcome to TST! Signing up is free, and you'll see fewer ads and can talk with fellow golf enthusiasts! By using TST, you agree to our Terms of Use, our Privacy Policy, and our Guidelines.

The popup will be closed in 10 seconds...