Annual Meeting March 29, 2017 5:00 PM Quail Inn OGC Annual Meeting - - PowerPoint PPT Presentation

Annual Meeting

March 29, 2017 5:00 PM Quail Inn

• Introductions:
• 2017 Board Members: Officers and Committee Chairs
• Recognition:
• Outgoing Directors and 2016 Volunteers
• KemperSports (KS) Management Report
• OGC Capital Campaign Update
• 2016 Achievements
• 2017-2019 Plans
• Questions from the OGC Members

OGC Annual Meeting Agenda March 29, 2017 5:00 PM Quail Inn

2017 Board of Directors

• Barbara Robinson

President, Long Range Planning Chair

• Frank Giannini

Vice-President, House/Social Chair

• Rick Warfel Secretary, Communication
• Russ Adamson

Treasurer, Finance Committee Chair

• Tony D’Agosta

Golf Committee Chair

• Pete Waller

Green Committee Chair

• Neil Huber

Membership Committee Chair, OVA/OGC Task Force Liaison, & Capital Campaign Committee

Outgoing Directors 2016

With Great Appreciation for their service to the OGC Board:

THANK YOU

FOR ALL FOR YOUR TIME AND HARD WORK!! President Vice President Director Debbie Kiddoo Chuck Wood John Weston

• House Committee
• Social Committee
• Finance Committee
• Capital Campaign Committee
• Golf Committee
• Greens Committee
• Membership Committee
• OVA/OGC Task Force

2016 OGC COMMITTEES

“THANK YOU”

• Please give a huge round of applause for all those

who have, and continue to, volunteer to be members of committees.

New 5 Year Contract with KemperSports

OGC Management STAFF

• Mike Ash

General Manager

• John Theilade

Director of Golf

• Heather Peterson Sales and Marketing
• Rich Treglia

F&B Manager

• Andy Trinkino

Superintendent

• Louisa Wycoff

Controller

• Steve Argo

Vice President, Regional Operations

• Nadia Chapman

Director, Regional Sales & Marketing

2016 ACHIEVEMENTS

• Initiated Capital Campaign Fund Drive.
• Refinanced long-term debt achieving two point reduction of interest rate,

resulting in significant savings now reinvested in capital improvement fund.

• Developed improvement plan for Bunkers & Cart Paths.
• Extensive clean-up of main East Course irrigation pond.
• New roof on East Clubhouse.
• Collaborated with Twin Lakes HOA resulting in beautification project

behind Hole 12 East Course.

• Various By-Law changes voted on, with one specific change resulting in
• ne vote per member for Board Elections.
• Collaborated with OVA resulting in shared expenses for golf course

bathrooms.

• Purchased new “pindicators” for all flags on both courses.

2016 ACHIEVEMENTS CONTINUED

• Collaborated with OVA on a successful summer concert held at the driving

range.

• Started new program using a dog to keep geese off golf courses.
• Wadsworth Golf Construction completed various necessary improvements

to the courses irrigation system…At NO Cost to the Club!

• Installed new grass at the short game practice area.
• We are sure you will agree that this is an impressive

list representing solid momentum going forward into 2017.

2017 PLANS

• Pizza Oven……………………..Completed
• Resurfacing Green Hole 2 East Course…………..Completed
• Agreement with residents Hole 17 West Course re sharing cost for

pond/lake maintenance……………………….Completed

• New 5 year Management Agreement with Kemper…………..Completed
• Quail Deck Renovation………………….Scheduled for May
• Wedding Site Electrical Update……………Partially Completed
• Fairway aerification and sanding…………..Begun
• Two HVAC Units (Grill)
• Renovate 6 bunkers. ( 4 by hired contractor, 2 in-house)
• Renovate Cart Paths.
• New aerification method “DryJect” for Spring

2018-2019 PLANS

• Lease one Toro Greensmower.
• Renovate 3 additional Bunkers.
• Purchase new Range Ball Dispenser.
• Replace old Quail Inn Light Fixtures.
• Replace 2 additional HVAC Units. (Banquet)
• Update East & Quail Inn Bathrooms.
• Purchase new Outside Furniture for Quail Inn.
• Replace 2 additional HVAC Units. (West Proshop)
• Paint West/East Clubhouses.

KemperSports Management Report Mike Ash, GM for OGC

KS 2016 Financial Report

2014 2015 2016 Precipitation, Inches Rain 30.5 14.94 40.81 Member Rounds 27,844 44% 32,318 47% 24,049 39% Daily-Fee Rounds 35,743 56% 36,753 53% 36,980 61% Total Paid Rounds 63,587 100% 69,071 100% 61,029 100%

KS 2016 Financial Report

Total Golf Revenues $ 1,624,427 $ 1,839,014 $ 1,720,079

• Avg. Golf Rev. / Paid Rd.

$ 25.55 $ 26.62 $ 28.18 Cart Fee Revenue $ 304,824 $ 351,553 $ 316,209

• Avg. Cart Rev. / Rd.

$ 4.79 $ 5.09 $ 5.18 Merchandise Revenue $ 214,394 $ 224,478 $ 212,889

• Avg. Merch. Rev. / Rd.

$ 3.37 $ 3.25 $ 3.49 Driving Range Revenue $ 107,207 $ 128,544 $ 122,220 Lesson Revenue $ 46,902 $ 73,991 1/ $ 101,810 Total F&B Revenue $ 1,657,258 $ 1,942,969 $ 1,860,774 Other Revenue 2/ $ 59,311 $ 15,530 $ - GROSS OPERATING REVENUE $ 4,014,323 $ 4,576,079 $ 4,333,981

KS 2016 Financial Report

Cost of Goods Sold, COGS Merchandise $ 160,046 74.7% $ 165,579 73.8% $ 142,887 67.1% Food and Beverage $ 501,433 33.8% $ 483,546 28.5% $ 420,765 26.1% Total Cost of Goods Sold $ 661,479 $ 649,125 $ 563,652 NET OPERATING REVENUE $ 3,352,844 $ 3,926,954 $ 3,770,329

KS 2016 Financial Report

OPERATING EXPENSES Course Maintenance $ 1,123,061 $ 1,090,906 $ 1,169,029 Golf Operations $ 481,725 $ 538,744 1/ $ 585,414 Food and Beverage $ 933,081 $ 1,053,594 $ 956,912 General & Admin. $ 575,100 $ 869,222 3/ $ 874,719 TOTAL OPERATING EXPENSES $ 3,112,967 $ 3,552,466 $ 3,586,074 NET OPERATING INCOME (EBITDA) $ 239,877 $ 374,488 $ 184,255 Debt Service $ 337,051 $ 320,068 $ 254,850 4/ NOI AFTER DEBT SERVICE $ (97,174) $ 54,420 $ (70,595) TOTAL CASH

$361,000 $279,000 $419,000

Pisenti and Brinker Summary

2016 2015 Assets $6,858,801 $6,973,928 Depreciation $347,603 $356,798 Net Loss $-359,156 $-131,756

Capital Fund Components

• Fund Drive results as of March 1st : $56,000

committed over 3 years.

• Refinance funds dedicated to Capital: $166,000
• $5,000 per month added to Capital Fund. (Post

Refi.)

Capital Priorities

• Renovate four (4) bunkers

$27,000.

• Renovate 12,000 square feet of cart paths

$50,000.

• Fairway aerification with sand and seed

$60,000.

• Two (2) HVAC units

$20,000.

• Deck repair

$50,000.

Old Bunker #1 West

New Bunker #1 West

New Bridge #4 West

Eliminating BroadLeaf East# 18

Member Questions & Answers