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Case Study
​Rye Country Club

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Link to Article
CASE STUDY: Rye Country Club-A Municipality Owned Private Golf/Pool Club
LINK TO ARTICLE: https://ryerecord.com/good-news-for-current-and-future-rgc-members/

Fiscal 2013 Lopolito was hired as Interim General Manager to rebound the operations of the Club.

A $6.5 Million Revenue Private Municipality Country Club was experiencing a deficit of over $200 thousand per year for five years running.
 
Significant Concerns Observed by Lopolito (LHC)
  • Insufficient management controls occurring.
  • Accounting principles were vague and GL Codes had unrelated disparities in postings, as well as, other budget discrepancies.
  • Large money transfers between key managers had no log or receipt accountability.
  • RFP procedures were not followed and excessive contractor expenses were evident.
  • Fraud by the senior manager was uncovered and became a public, creating challenges to retain current or build new memberships.
  • A costly broken underground water line was not discovered for at least two years.
  • The “Clubhouse” lost all staff due to the fraud situation and the food and beverage business was closed.
 
Development Actions Implemented by Lopolito (LHC)
  • LHC adjusted accounting practices, created new GL Codes, and created an ongoing build from the bottom up budget process.
  • LHC initiated a clear path of internal and external accounting for A/R and A/P.
  • LHC reestablished the RFP process and wrote new RFP’s and secured new contracts for; food vendors, pool lifeguards, fire suppression systems, and exterminating services.
  • LHC located a broken underground water line that was previously undetected and had cost the Club over $110,000 over two years in water bills. 
  • LHC hired a new chef and culinary team, created new menus and reopened the Clubhouse for food and beverage service within two months.
 
Outcome
  • Upon final accounting assessment of 2013 financial the City of Rye, NY, announced a $400,000 profit for the Club.
Supportive Information Websites
  1. https://ryerecord.com/city-hires-interim-manager-for-rye-golf/
  2. https://ryerecord.com/rye-golf-club-on-a-steadier-course/
  3. https://ryerecord.com/good-news-for-current-and-future-rgc-members/
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  • HOME
    • EXPENSE LOSS
    • CASE STUDIES
    • LHC OFFERINGS
    • Videos and Articles
  • ABOUT
  • Contact Us
    • Phone and Online Consulting
  • Country Club Consulting
    • The Board Room
    • Country Club Case Study
    • Hotels
  • Restaurant Consulting
    • Startup Consulting
    • Three Day Turnaround
    • Restaurant Case Study
  • Theater Consulting
  • Blog
    • Podcasts