Bill,
What proportion of your membership would you lose if you had no carts? I'd guess for Pensacola CC it would be approximately 100%. Give or take ;-)
So regardless of accounting truth or fiction, carts are as much as part of the infrastructure as having restrooms or electrical and water utilities. Without the carts, the club ceases to exist.
Pricing cart fees is therefore a political issue and not an accounting one, by my thinking.
I think it's both - apples and oranges. Whether carts are profitable or not depends on revenue vs. expense. Cart fees are the revenue. No matter how you look at it, I'd guess that if a club charged $4.00 per player cart fee for 18 holes, you'd be hard pressed to show a cart "profit." On the other hand, a friend of mine belongs to a Naples, Fla. area course that charges members $25 per person for a cart for 18 holes. Every round my friend and his wife play together, which is a lot, riding, costs them $50 (in addition to their hefty initiation fee and very hefty dues). Seems like an odd arrangement to me, but my guess is that this club shows a cart profit on its books. On the other hand, the expense side is tricky. What expenses do you allocate to the cart column? As discussed above, there are all kinds of possible charges. I have no idea how various clubs do their cart accounting, if they do it at all, but what they show as "profit," if they do, is an accounting issue -- both on the revenue side and on the expense side. (Caveat - I am not an accountant, but for me accounting is all fiction. The idea seems to be that the presentation of the numbers can be useful if the rules -- man-made -- under which the numbers are presented are reasonable, clear, and consistently followed. Sounds like a good idea to me.)
In the USA it would be a very rare club that could exist without carts. They have become part of the game. So, as Brent says: "carts are as much as part of the infrastructure as having restrooms or electrical and water utilities. Without the carts, the club ceases to exist."
On the other hand,
how the club
decides to price carts, or anything else at the club for that matter, is 100% a political (
i.e. policy), decision.