Weather was the lone bright spot on the agenda for the Prince Rupert Golf Club (PRGC) annual general meeting on Sunday.
Despite the best weather conditions in its history, declining membership and usage headlined a financial report to members at the packed Prince Rupert Centennial Course’s clubhouse.
The club lost $25,583 due mainly to lower golf course revenues, clubhouse dues and rentals, which topped a $12,683 loss in 2012. The 2013 operational loss was actually greater coming in at $32,726, but was offset by the sale of some assets.
When asked by a member whether the club was currently solvent, PRGC treasurer Richard Adams simply said, “I would say no”.
“We have a cash flow situation,” he said. “We’re going to have to use next year revenues to pay off this year … we’re already into our line of credit …”
PRGC president Dave Tough said the club will have to focus on belt-tightening and look at other revenue streams to keep the course open.
“We’re in pretty bad financial straits,” he said.
Tough was also critical of delays by the Prince Rupert City Council to finalize a 2014 contract.
“There is no way [to stay open] without assistance from the city,” Tough said.
I don’t think the city wants us to close … but every time we want to get this settled, we get knocked back.”
Tough said the club has been trying to reach an agreement with the city since the current contract expired in October to no avail.
The club was also rocked by the announcement of 42-year PRGC golf pro Moe Hayes’ plans to reduce hours and step away from day-to-day operations.
Cu Phan, the food and beverage operator, has also indicated he may pull his services from the clubhouse, citing lower sales and issues with on-course operations.