2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer...
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Transcript of 2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer...
![Page 1: 2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer Carolyn BlocherBill Brunhaver Peggy MooreAlice Fraser.](https://reader035.fdocuments.us/reader035/viewer/2022080902/56649e4c5503460f94b409d9/html5/thumbnails/1.jpg)
2014 Annual 2014 Annual Membership MeetingMembership Meeting
![Page 2: 2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer Carolyn BlocherBill Brunhaver Peggy MooreAlice Fraser.](https://reader035.fdocuments.us/reader035/viewer/2022080902/56649e4c5503460f94b409d9/html5/thumbnails/2.jpg)
In MemoryIn Memory
Not Pictured
Allene Kirchner
Fred Wiehe Gerald Archer
Carolyn Blocher Bill Brunhaver
Peggy Moore Alice Fraser
![Page 3: 2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer Carolyn BlocherBill Brunhaver Peggy MooreAlice Fraser.](https://reader035.fdocuments.us/reader035/viewer/2022080902/56649e4c5503460f94b409d9/html5/thumbnails/3.jpg)
2014/2015 Improvements2014/2015 Improvements
2014 Improvements Bunker Renovation Bunker Renovation
CompletedCompleted Bridge #1Bridge #1 Restrooms Golf CourseRestrooms Golf Course FlooringFlooring
2015 Capital BallotClubhouse Improvements ($25,000)Clubhouse Improvements ($25,000)
CarpetingCarpetingFurnitureFurniture
Golf Course ($14,000)Golf Course ($14,000)Tee Leveling Tee Leveling IrrigationIrrigation
Kitchen Equipment ($10,000)Kitchen Equipment ($10,000)Pool ($10,000)Pool ($10,000)
Chemical Control System Chemical Control System FurnitureFurniture
![Page 4: 2014 Annual Membership Meeting. In Memory Not Pictured Allene Kirchner Fred Wiehe Gerald Archer Carolyn BlocherBill Brunhaver Peggy MooreAlice Fraser.](https://reader035.fdocuments.us/reader035/viewer/2022080902/56649e4c5503460f94b409d9/html5/thumbnails/4.jpg)
Membership PlanMembership Plan
Stage 1: Stop the Attrition Completed 2013Stage 2: Reduce/Eliminate Assessments Completed 2014Stage 3: Closing the Gap Starting 2015Stage 4: Completion
Golf Equivelant Members
320
340
360
380
400
420
2010 2011 2012 2013 2014
Year
GE
M L
evel
GEM's
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2014 Budget & Forecast2014 Budget & Forecast
2014 Budget2014 Budget 2014 Forecast2014 Forecast VarianceVariance
Total Dues and FeesTotal Dues and Fees 1,995,4281,995,428 2,000,0112,000,011 4,5834,583
Food & Bev. MarginFood & Bev. Margin 1,118,5911,118,591 1,065,7321,065,732 (52,859)(52,859)
Pro Shop MarginPro Shop Margin 217,537217,537 220,987220,987 3,4503,450
Other IncomeOther Income 352,198352,198 385,034385,034 32,83632,836
Wages & BenefitsWages & Benefits 2,144,0032,144,003 2,094,8822,094,882 (49,121)(49,121)
Operating ExpensesOperating Expenses 1,639,8711,639,871 1,677,1601,677,160 37,28937,289
Net Operating Income (Loss)Net Operating Income (Loss) (100,120)(100,120) (100,278)(100,278) (158)(158)
Add DepreciationAdd Depreciation 317,040317,040 316,680316,680 (360)(360)
Capital FundCapital Fund 83,68583,685 8520385203 1,5181,518
Loan PrincipleLoan Principle 116,194116,194 114,105114,105 2,0892,089
Capital Purchases from operationsCapital Purchases from operations 0.000.00 16,72216,722 (16,722)(16,722)
Impact on operating cashImpact on operating cash 17,04117,041 372372 (16,669)(16,669)
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2015 Dues/Fees2015 Dues/Fees
-$10 Decrease for Heritage Members-$10 Decrease for Heritage Members
-$10-$15 Increase for all other categories-$10-$15 Increase for all other categories
-Lockers, No Change-Lockers, No Change
-Cart Rentals, No Change-Cart Rentals, No Change
-Club Storage, $20 annual increase-Club Storage, $20 annual increase
-Guest Green Fee, Increase $5-Guest Green Fee, Increase $5
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Thank you for your support of Thank you for your support of The Bellingham Golf The Bellingham Golf
and Country Cluband Country Club