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Berlin, Ocean Pines News Worcester County Bayside Gazette Logo Berlin, Ocean Pines News Worcester County Bayside Gazette


May marks turnaround for Pines amenities

(July 2, 2015) After a long string of down months financially, Ocean Pines released some good news during a board of directors meeting last Thursday.
The May controller’s report showed a positive budget variance of $4,590, with several amenities hitting new highs for the month.
Aquatics came in $18,395 over budget in net operations, bringing in $131,101 and marking a $46,289 improvement over the previous year.
Despite failing to meet revenue estimates in golf, which is now under the management of Landscapes Unlimited, it finished May $8,521 over budget in net operations at $94,550, a $44,941 uptick over the previous year.
While the yacht club fell more than $35,000 shy of budget estimates, finishing with a net operating profit of $38,312, General Manager Bob Thompson, in his monthly report to the board, said there was room for optimism.
“The good news is that while revenues were down, so were expenses,” he wrote. “Regular food and beverage costs were down as well. Additionally wages and benefits followed suit and were below the budgeted amount … While we finished the month $35,081 below budget, the actual bottom line for the month shows a profit of $38,312. Equally important, we realized a $74,876 improvement over last year’s numbers.”
“I think the numbers in general were pretty good,” Board President Dave Stevens said during the meeting. “The golf numbers were perhaps a little below budget … but still an improvement over May of last year, and the highest it’s been in the last eight years for the month.”
Stevens said the yacht club financials, in terms of revenue, were also a “record high.”
“Both good things,” he said. “Total net revenues were a little less than double what they were last year, and the same for every year proceeding it for the last eight years. I don’t know exactly how [General Manager Bob Thompson] did this, but the results are really outstanding.”
“It does deserve congratulations and I know how you did it — you doubled the sales,” Board Vice President Marty Clarke said. “It’s pretty incredible. It’s a lot of sales and a lot of people spending money.”