[From 2003, updated 2007] Despite the ANI's claim that the new golf course was necessary to provide 'operational funds for maintenance of Audubon Park', their much-heralded new facility finished its first full year of operation (2003) firmly in the red, with a loss of $212,696, plus depreciation of $123,604 for a total Operating Loss of $336,300. Their 'not-a-restaurant' clubhouse food service, however, accounted for 24% of total revenue in 2003, far more than the 3% they had projected.
But even though the ANI quickly began renting the clubhouse as a private party rental facility, something they had vowed would never happen (see below), the golf facility has continued to lose money. In 2007, with operating revenues of $1,818,402 and expenses of $2,154,702, the Audubon Golf Course closed 2007 with an Operating Loss of $415,819.