Tuesday, September 23, 2008

Seems Backwards

Nice to see that Hickory Ridge is doing well, though this seems backwards to me:

So far this year, the district's expenses, including the cost of maintenance, is about $5,000 less than its revenue. Renfro said she sees that gap closing.

"We feel like the projections, over 12 months, the budget will cover expenditures," she said.

Maybe golf course economics is different but if your expenses are $5000 less than revenues, why would you want that gap to close?

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maybe she is projecting: she sees the gap closing due to increased costs in the future?
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