Omokoroa Golf Club Board Report - May 2026 

Dear Members, 

We are pleased to share an update on the exciting progress across our club as we move toward the opening of our magnificent new clubhouse. 

Building Project Update 

Status: On Schedule and On Budget 

Our new clubhouse project continues to exceed expectations. The clubhouse construction is slightly ahead of program and tracking within budget. Key milestones achieved include: 

• Pro shop nearly complete with second fix underway 

• Kitchen fit out progressing with vinyl flooring installed and bar joinery in final stages 

• Main hallway moving into painting phase within the next week 

• Car park construction commencing with an estimated 6–8-week timeline 

The car park construction has commenced as the final piece of the development with an estimated 6–8-week timeline finishing a few weeks before the clubhouse is practically competed. 

Fintan Downes 

Build Project Manager 

Financial Report 

Year-end 31. March 2026 

We can report that the Financial Statements are drafted and are with our Auditors – William Buck.  We are advised that they will have the Financial statements available for distribution to the membership by Mid-June. 

In summary – subject to audit we can report the following 

Statement of Financial Performance - (profit and loss) 

• Club cash profit prior to extraordinary items relating to the club house build project is in the vicinity of $290,000. 

• The club had build related costs to service debt and temporary buildings of $113,000 

• This results in a cash trading profit before depreciation and assets scrapped of approximately $175,000. 

• In addition, the club received grants, donations and the Clubhouse development fees totalling $527,000. 

Statement of Financial Position – (Balance Sheet) 

At Year end we had spent  $2.5m on the clubhouse , cart shed and associated projects. 

We held a working capital surplus of $640k. (net available cash) 

We had raised member loans and prepaid subscriptions of $2,310k. 

In summary the year end results to 31.3.2026 were solid. 

We tracked better than our budget and all build costs were on time and as expected. 

The outlook for 2027 

This is the pointy end of the project, however we have every reason to believe that the project will delivered on time and within our budget. 

The total costs of the project will be in the vicinity of $4.4m . 

We expect to draw our $1m ANZ loan facility in June 2026. At project end we will have debt of 2.2m to members and $1m to the ANZ. 

Debt Repayment Strategy: 

Debt repayments will be made from the Club's annual cash surpluses, which have been built into our budget. We are currently tracking in line with these plans. Member loans are scheduled for repayment in five years, and the Board intends to refinance some or all of this through bank funding or replacement member loans at that time. All debt will be repaid in accordance with the agreed loan terms. 

Our budgets assume modest membership and subscription growth, consistent with our past trends and expected growth in golf participation. 

Player Group Generosity 

We are very grateful for the support of our player groups providing funds to assist with the finishing touches, furniture, entrance ways and other important items.  This helps to meet the project completion requirements and gives the player groups an important sense of ownership of the project. 

Member Support is Critical: 

Meeting our debt commitments depends on the ongoing support of our members. We need 800 active club advocates. This means every member playing their role—supporting the course, bar, and food offerings, and encouraging friends and guests to visit and enjoy our amazing facilities. Every dollar spent at the Club helps strengthen our financial position and supports our ability to meet these commitments. 

We are committed to long term financial stability, and we remain committed to preserving the Club's culture, hospitality, and the quality of our golf experience, which remain at the heart of what we do. 

Rhonda Wisbey 

Board Member  

Course Improvements 

Greens Management: 

• Core aeration program being reviewed with possible enhancement to twice yearly to maintain green quality. Player Groups will be consulted 

• Soil nutrient management optimized based on recent testing 

• Greens recovering well with improved firmness and consistency 

Member Facilities: 

• Golf cart GPS zoning system successfully activated and operating effectively 

• Sand bucket divot repair stations being expanded at key locations 

• Concession cards launched—offering excellent value for flexible golfers 

Course Presentation: 

• Ongoing focus on course tidiness and maintenance standards 

• Regular communication with members on course etiquette 

Member Engagement 

Upcoming AGM: 

• Date TBC: Tuesday, August 25th, 2026  

• Note the date initially targeted has been amended so that the new clubhouse can host the meeting.  

• Formal notice of the AGM will be sent to members shortly. 

• Location: New Clubhouse 

• This will be a special occasion to celebrate our new facility and review club progress 

Club Events: 

• Planning exciting opening week celebrations with multiple events 

• Encouraging player groups to organize social events (trivia nights, themed evenings, etc.) 

• Enhanced promotion of club tournaments and competitions 

Facilities & Infrastructure 

Completed or Underway: 

• Entry wall committed and sponsorship confirmed with quality signage 

• Trophy cabinet refinishing and display in main hall 

• Café furniture ordered (48 seats in café, 12 in meeting room) 

• Digital display screens being finalized for lounge and bar areas 

• Bike rack locations being identified for member cyclists 

Future Enhancements: 

• Cart paths being installed around clubhouse and practice area to manage traffic flows. 

• Flagpole installation planned for western side of clubhouse 

• Landscape design finalization with architect consultation 

• Solar panel evaluation for sustainable energy future 

Community Connection 

We remain committed to being a valued community asset. The new clubhouse will provide: 

• Enhanced social spaces for member gatherings and celebrations 

• Bistro catering options for members and visitors 

• Community-focused facility available for local use 

• Premium event and wedding venue with professional catering 

• Potential as an emergency community hub 

Omokoroa Golf Club Board 

Omokoroa Golf Club Logo: 

The Board and management of Omokoroa Golf Club would like to sincerely thank those who put great effort and creativity into the club logo submissions. The Board has reviewed the poll results, and no single logo obtained enough votes to be an outright winner, while many members also indicated a preference to keep the status quo. Following that feedback the Board and management has decided to keep the current logo in place.   

Omokoroa Golf Club Announces Hospitality Partnership 

The Board of Omokoroa Golf Club is delighted to announce a new partnership with Kerr & Ladbrook Catering, who will deliver all food, beverage and event services from our stunning new clubhouse. 
 
Led by Director Ryan Ladbrook, they bring with them more than 20 years of hospitality experience across cafés, restaurants, bars, golf courses and premium event catering throughout New Zealand. Their reputation for quality, professionalism and seamless event delivery makes them an ideal partner for our Club as we enter this exciting new chapter. 
 
Ryan will personally oversee the daily food and beverage offering at Omokoroa, ensuring members enjoy consistently high standards, welcoming service and a menu that reflects both quality and value. 
 
The wider Kerr & Ladbrook team will also support the delivery of events ranging from member functions and tournaments through to day conferences, private celebrations and corporate gala dinners — positioning our clubhouse as a vibrant hub for both members and the wider community. 
 
This partnership represents a significant step forward for Omokoroa Golf Club. We are confident that together we will create a clubhouse experience that enhances member enjoyment, strengthens our community, and showcases the very best of hospitality. 
 
We look forward to welcoming you to the new clubhouse soon. 

Regards, 

Sue 

Looking Ahead 

The next few months are pivotal as we approach the opening of our new clubhouse. This represents a significant milestone in our club's history and we are excited to share this achievement with our members and the wider community. 

We will continue to communicate regularly with updates on opening preparations, special events, and member opportunities to be involved in celebrating this exciting chapter. 

Thank you for your continued support and patience as we bring this vision to reality. 

Next Board Meeting: June 15th, 2026 

Omokoroa Golf Club Board 

May 2026