The Diamondhead Country Club and Property Owners board’s explanation for this year’s country club losses of over half a million dollars — up through August alone — is truly a piece of work.
Here it is, straight from the “Auditbuster Eight’s” motion, filed recently with the court in an effort to get the Treasurer’s and VP’s lawsuit against them dismissed (Read board’s motion here):
“The amounts alleged to be unexplained “losses” are in fact the result of an easily explained increase in Country Club expenses. Earlier this year, DPOA hired a new Club manager and directed him to improve the quality of food and service at the Club. To meet that directive, the Club manager has hired additional staff and purchased higher quality food products. The Club has not raised its prices; therefore, the increase in operating costs has resulted in a higher than usual net operating loss for the Club. As always, the Club’s operating loss is covered by DPOA member dues and other DPOA income. These facts relating to Club finances are readily apparent from review of basic DPOA financial statements.”
Amazing. They blissfully toss ethics, business sense, and their own fiduciary duty overboard — for what? Nurturing a pretentious wannabe lifestyle for a few country club users whose losses are “as always covered by” you, this time amped up deliberately by board choice? Really? I don’t think I’ve ever before read such a blatant admission of what is, at very best, a half-witted venture into total recklessness.