Top Down Club Budgets

In the height of the budget season, many clubs focus their efforts entirely on the operating budget in a line-by-line approach without considering important big picture items like the capital budget and long-term planning. An alternative is to start with a top view including the capital ledger and branch out from there. In this webinar, we'll explain how the capital ledger and the “bigger” picture can be used in the budget process to determine what does (or does not) actually need to change on the operating ledger. We'll introduce key capital metrics you can use to help your board see the “big picture” and avoid getting mired in inconsequential line items in the operating budget.

Proper Capital Planning
is a Process, Not a Project

Thursday, March 23rd, 2023
1:00 PM to 2:00 PM EASTERN

If you are struggling with the capital planning process, you are not alone. Club Benchmarking analysis of balance sheet data from more than 1,000 clubs indicates that 75% are not generating sufficient capital to meet their future needs. Those outcomes are most common in clubs that either lack a capital plan entirely or have significant weaknesses in their approach to that process.

In this session, Club Benchmarking Founder Ray Cronin will address common issues that undermine the effectiveness of capital planning efforts in the club industry and explain the core components of a comprehensive, sustainable plan recently introduced at the CMAA conference as COMPASS - Comprehensive Asset Management.

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