A very interesting presentation by Dan Condon of the acounting firm Condon, O'Meara, McGinty & Donnelly closed out the Long Island Golf Association's Presidents' Invitational at Huntington Country Club.
Condon gave a thorough, realistic view of the local golf club scene, without giving any names of individual clubs. He did give a survey of revenues and expenditures, showing that it has been a tough year economically for LI clubs. Dues and initiation revenues were basically flat from the previous year. Course maintenance was down slightly and capital expenditures were about half in 2009 of what they had been in 2008.
Still, he did say that 2010 looks to be a better year than 2009 was, adding in his remarks to club presidents and other local golf officials, "It's not all gloom and doom."