LGCC Annual LGCC Annual Meeting 2011Meeting 2011

Committees 2010-11• Finance Committee

– Bill Anhorn, Mike Moeller, Heather Price

• Greens Committee– Brian Bell, Russ Scott, Monte Williams, Jimmy Clark, Scott Noble,

Chuck Baker

• House/Membership/Social Committee– Monte Williams, Brita Scott, Matt Scarfo

• Ladies Committee– Kris Ann McDonald, Ardra Folston

• Tournament Committee– Cody Goodan, Clint Williams, Carol Franks, Brita Scott, Russ

Scott, Brian Bell, Craig Braseth

• Human Resources Committee– Carol Franks, Clint Williams, Russ Scott

Looking back to2010Looking back to2010• Financial Results

– Year end profit from overall operations - $5,365 • This does not include Capital Revenue or Capital Expenses

– Pro Shop sales - $87,853 (increase of over $20,000 from 2008)• Profit - $19,702

– Capital money spent - $17,425• New Greens Mowers (3) and trailers - $3,825• New Utility Vehicles - $5,000• New Rental Carts - $4,750

– Rental cart revenue was $10,659 in 2009

• New TVs - $3,850

• Membership– Ended 2009 with 264 total members, 242 golfing

• This is an increase of 7 total members over 2008.– Current 2010 with 274 total members, 256 golfing

• Golfing membership cap set at 265.

Ongoing ImprovementOngoing Improvement• Membership continues to grow year over year, previous members are rejoining

as they see the improvements to our club. New members see the value the club provides.

• Kitchen Remodel– Thanks to the Ladies Association for the kitchen remodel. The new

cabinets and countertops improve the functionality of the kitchen as well as giving it a much needed appearance facelift.

• Grounds Department– New equipment purchases have proved to be a tremendous benefit to the

club. The 3 new walking mowers allow the crew to mow before sunrise, thus not interfering with golfers and reducing labor costs by not waiting.

– Improved availability of back-up equipment when equipment is down for repairs.

– Need to continue to replace outdated equipment.• Trees

– Trees are being taken out and replaced as needed. This improves player safety and also keeps the integrity of the course.

– Labor costs have been reduced as Apple trees continue to be eliminated.• Sprinkler System

– Leaks continue to be a problem.– New heads are being utilized for better coverage in dry areas.– Sprinkler system main line overhaul may be needed in the not too distant

future.

Clubhouse Remodel and Clubhouse Remodel and New Pro ShopNew Pro Shop

• The money from land sale was used to pay off the debt for the lower clubhouse remodel and for a note on a piece of equipment. A new loan was taken out at a lower interest rate to pay for the upper clubhouse remodel and new pro shop. This increased our monthly cash flow and allowed us to keep a reserve in the bank for unexpected expenses.

• The remodel was definitely the right decision as this allowed us to improve the heating and air conditioning of the club, as well as make improvements in electrical and structural issues.

• The more open upper clubhouse space will allow us to better serve

our membership throughout the year and our tournament guests during golfing season.

• The new pro shop will improve our ability to stock and market products as well as give us greater flexibility with staffing the club and with security.

• We also hope that the improved clubhouse will also help us attract new members and continue to add value to our membership.

Moving ForwardMoving Forward

• Expense Plans for 2010– Clubhouse remodel and new Pro Shop

• Project will be completed by June 1st and will not exceed $180,000 including furnishings.

• Depending on final cost of the project, additional funds will be used to improve the bathrooms by #5 tee box.

– No other capital improvements or additional purchases planned at this time for 2010.

• Where does that money come from?– Capital Improvement fund- $20 a month charge– Labor savings from volunteer labor by the Board Members and

all the other members that help out. (Workdays) – Ladies Association fundraising projects.

Moving ForwardMoving Forward• Currently we continue to operate off of a budget for

operating and capital expenses.– As expenses continue to rise we must continue to evaluate our

dues structure to ensure that we can meet those expenses and maintain our facility and course.

– No dues increase for 2010. Projected increase of $5 a month for all memberships in 2011.

• We strive to keep costs low and provide quality service to all members. – Bar drink prices are set lower than most establishments in the

valley. Bar and pro shop is staffed to accommodate members using the facility.

– If we were solely here to make a profit, and not provide a service to our members, we would staff significantly different.

Future PlansFuture Plans

• New Bathrooms on the course• Landscaping around parking lot and practice

green area• Grounds equipment purchases• Sprinkler system updating• Tree program• Course improvements – continue to improve

playability and polish.

Thanks!Thanks!

• We would like to thank all of our staff for their dedication to the club over the last year.

• And finally, thanks to all the members that have helped throughout the year in the numerous projects. Many of the improvements wouldn’t have been accomplished without these volunteers.

Questions?Questions?