Harmony Golf Club Inc

“Expenses 1,685 953 180 4,661 5,481 fuel 2,464 supplies 1,935 repairs 5,110 credit card fees 2,528 bank charges 591 licenses and permits 1,420 tournament expense 506 course 6,084 telephone and cable 2,447 miscellaneous 3,678 non-investment depreciation 11,147 total 50,870”

“Accounts receivable 840 2,840 inventories for sale or use 5,100 5,800 equipment 191,581 196,597 less accumulated depreciation 148,513 156,983 land improvements 19,351 22,551 less accumulated depreciation 2,823 4,069 total 65,536 66,736”

“Accounts payable and accrued expenses 4,159 6,676 unsecured notes and loans payable 79,173 74,986 bank overdraft 0 3,175”

“The purpose of this organization is to provide a quality golf club at an affordable cost to the public in a sparsely populated area. The organization raises revenues primarily from membership dues, green fees, cart rentals, and bar and kitchen sales.”

“Approximately 140 golf memberships were sold in 2018. This number was consistent with the prior year. Other revenues such as cart rental, green fee and kitchen and bar revenues were consistent with the prior year. The organization provided a quality golf experience for the community.”