FINANCE COMMITTEE
Because of the earlier deadline for the newsletter this month , the club financial report was not available Oct 31 . We are , however , very happy to report that for the first month since Indigo Management was hired , we have a financially profitable month . The biggest reason for this milestone is due to the dedication of our general manager , Cliff Easum , and his team . The second biggest reason is our club members who support the club through dining , golf , pool , social events and other activities . Thank you for your ongoing support .
Capital Dues Several years ago the board of directors instituted capital dues in addition to membership dues . Capital dues are intended to support facilities and long-term improvements that were not possible to budget with membership dues alone . That board could have just increased overall dues , but they wanted to make a commitment to capital improvements and be able to monitor .
Please see below the capital update from the finance committee : Capital dues are $ 36 for full golf members and $ 30 for everyone else . Non-resident and junior golfers do not pay capital dues . With 280 members , we collect about $ 8400 in capital dues each month . Golf course equipment purchases ( through leases ) have averaged $ 4850 / mo . The remainder goes towards air conditioners that wear-out ( about two a year ) and other equipment . In 2021 , the club replaced a commercial hot water heater as well as a deep fryer and garbage disposal in the kitchen . In 2018 , a committee planned and helped execute the Tri-Brook renovation for under $ 75,000 . In 2022 , the pool committee is planning for upgrades , including enhanced F & B ( think tiki bar ...), a bathhouse refresh , and more tables and umbrellas for shade .
Over the years , members who have particular interest in specific improvements , have contacted our GM or Finance Committee to fully or partially fund those projects . Examples include the pool filter / vacuum , and the cart path repairs . Many thanks to those members .
By :
Natalie Garvis
Finance Committee Chair
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