Golf Enterprise Account

To better inform you on Lynnfield’s Golf Enterprise Account, the following information is provided below.

Lynnfield Golf Enterprise Account
Total Revenue Total Expenses Profit/Loss
*FY07 $542,019 $826,296 ($284,277)
*FY08 $693,183 $1,479,362 ($786,179)
*FY09 $922,230 $732,775 $189,455
*FY10 $970,061 $859,156 $110,905
*FY11 $897,258 $892,665 $4,593
*FY12 $701,534 $656,841 $44,693
*FY13 $513,496 $571,635 ($58,139)
*FY14 $515,321 $577,058 ($61,737)
*FY15 $536,369 $759,411 ($223,042)
*FY16 $740,998 $846,331 ($105,333)
**FY17 $878,951 $905,994 ($27,043)
*Numbers from Massachusetts State DOR website.
**The annual Town Report 2017.

According to Mass State DOR numbers, our Golf Enterprise Account has incurred a loss of approximately $1.2M over the past 10 years.

I hope you have found this information useful.

Regards,
Katy Shea

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