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Treasurer Reports Successful Fiscal Year 2025 Results
Over the last four fiscal years, SWC has returned to operating cash positive. After three consecutive prior years of experiencing cash losses, our Club has now established a solid financial footing for reinvesting in major upgrades at the Clubhouse and resumption of social activities expenses.
In the 2025 fiscal year (June 1, 2024 to May 31, 2025) we achieved a record high $21,252 in Dues collected and a record high $67,035 in Clubhouse Revenues. After all regular operating expenses this earned an operating income of $22,494. These numbers compared favorably with the FY25 Budget numbers of $18,000 Dues, $56,000 Clubhouse Revenues, and $8,350 net income.
In fiscal year 2025 the Club resumed some social activities including the summer picnic and holiday party. And we were pleased to assist with hosting the Snow Train 90th anniversary celebrations. We actively seek members to help host additional social events. And we pray for better weather for the annual Thanksgiving Breakfast so more will be able to attend.
Regular Clubhouse operating expenses were managed to stay on trend with prior years’ levels, while continuing to make some significant improvements. The balcony in the fireplace room was completely renovated and a new triple wash sink has been installed in the kitchen. And members enjoyed the ease of operating the new gas fireplace.
Club members enjoyed four ski trips: the Early Season Ski Clinic at Stowe, Serfaus Austria, Steamboat, and the annual Rock & River Lodge weekend in Keene NY. The total operated at a planned breakeven to keep costs as low as possible for the members.
Looking forward, the budget for the next fiscal year has been approved as follows: Dues and activities income of $23,500, Clubhouse revenues of $63,000, and net operating income of $8,365. In addition, the Club expects to invest $30,000 in Clubhouse capital improvements.
Respectfully submitted,
Donald Streed, Treasurer
