Annual Dinner Update November 2016 Congratulations to our Champions Senior Womens Champion Debbie Seelye Super Senior Mens Champion Randy Dorn Senior Mens Champion Larry Redfield Womens Champion Teri Hislop ID: 527761
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Slide1
Linden Golf and Country Club
Annual Dinner Update
November 2016Slide2
Congratulations to our Champions!
Senior Women’s Champion Debbie Seelye
Super Senior Men’s Champion: Randy Dorn
Senior Men’s Champion: Larry Redfield
Women’s Champion: Teri Hislop
Aaron Aiken Club Champion: Dana ChristiansonSlide3
Budget Report Highlights
Total Revenue increased 9% in 2015 and should be up another 2% in 2016.
Net income in 2015 was a record high of $75k, but will be closer to $20k in 2016.
Increases in wages and benefits plus an increase lease expense more than offset the increase in income.
Cash reserves still over $170k, but could be reduced by the irrigation project to around $100k.
With the new debt service and dues increase, a breakeven cash flow is achieved at around 257 members. Slide4
Membership Update
Current Membership
Single 204
Family 80
Total 284
November ‘15 Total 274
Membership – 3 year rolling average
2013 Total Average 257
2014 Total Average 274
2015 Total Average 290
(Initiation at $1,000 through January 1 2016)Slide5
Highlights for 2016
Signed a new 30 year lease with the Nix Family
Implemented salary increases to all full time, permanent employees
Provided health care benefits for all full time, permanent employees
Installed 1
st
course-owned Track Man 4 Performance Studio in the state
Reached full membership of 300 members with a waiting list during the peak season
Upgraded the sound system in the upper hall of the clubhouse
Purchased a new ice machine and a beverage cart for tournaments
Continued to expand the sanding program to improve winter play on fairways and approaches
Installed new doors into the bag storage room and energy efficient lighting throughout Slide6
Welcome New Board Members
Paul Appel
Greg Jones
Brian Pease
Carla PistilliSlide7
Irrigation Project Update
Bank financing has been approved and is nearly ready for signature
Vendor financing should be approved shortly
Unexpected amounts of rain have delayed construction of the wet well and deepening of the pond
Contract for the pump station and installation of piping and sprinklers has been negotiated Slide8
Thank You Linden Staff!!
Will Styler Head PGA Professional
Ben Nelson Assistant Professional
Zeb
Burki
Pro Shop Assistant
Garth
Broadrick Pro Shop Assistant
David Clark Course Superintendent
Kyle
Comen
Assistant Superintendent
Mike Frazier Grounds/Maintenance
Katie Koch Course BeautifierSlide9
Thank You To Our Outstanding Volunteers!Slide10
Questions?????