Insights & Perspectives
Short essays on stewardship, governance, and the strategic finance decisions facing clubs, hospitality businesses, and growing companies.
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How private clubs should build and maintain a capital asset inventory, connect it to the fixed asset register and reserve study, set capitalization policy, and use it to plan replacements before failures force assessments.
How private clubs decide how much to hold in capital reserves: percent funded, funding strategies, operating versus capital reserves, how to set the annual contribution, and how to explain the plan to members.
How a private club should invest its capital and operating reserves: what an investment policy statement covers, matching investments to the capital plan, liquidity and risk limits, tax considerations for 501(c)(7) clubs, and board oversight.
