LETTER FROM THE PRESIDENT
I want to start this column by wishing everyone a very Merry Christmas. May it be peaceful and filled with friends and loved ones.
The board is happy to announce that the golf courses are very likely going to make a profit this year. This is a tremendous turnaround from five years ago when we were losing almost $500,000 per year.
The club has been making tremendous strides toward becoming much less of a loss, a prime example of the HMS team doing a great job. I would like to call your attention to the retained earnings and stockholders’ equity shown on the financial statement. I believe we are in an excellent financial position.
The first open POA board meeting went very well. I want to thank everyone who attended. We will continue holding open meetings.
Once again I wish everyone a very Merry Christmas and a happy and healthy new year.