FCCC Club Connection August 2014 | Page 2

ON THE COVER PRESIDENT’S MESSAGE As my term as President comes to an end in the next few months, I’d like to reflect on one or two of the goals we all set for the Club and comment on our progress. The Board and the Strategic Planning Committee, with overwhelming support of the members, initiated a capital improvement plan last fall to ensure the Mark Smith long-term success of Fort Collins Country Club President Club. While there were some opportunities to get more efficient and to rebalance our spending, we knew that the real key to success was to increase our revenue base – and a key part was new members. Our plans to add fitness, indoor tennis, and to greatly expand our casual dining facilities, combined with several marketing activities (new membership focus with Danielle, direct mail campaigns, much improved social media presence, and a broad effort to make FCCC much more visible in the community) have come together to generate excellent results. Our goal in the Strategic Plan was to attract new members, especially younger families from a broader geographic reach. In just the past three months, we’ve added 63 new members (28 golf and 35 social/ tennis). Of these new members, 74% of them are under age 56, with nearly half of the total below age 46. This is good news for the Club and is consistent with national trends on the age of the average new members at country clubs. As far as geographic reach, there has been a slight shift in drawing members from south Fort Collins, but we still have an opportunity to improve our penetration there. Clearly, we have more competition as we move south. I am confident that our year-round amenities, once they are operational, will help us in this area. The addition of these new members has boosted our revenues by more than 12% so far this year. We’ve seen an increase of 17% in food and beverage revenues as more of you are spending more time at the pool or making FCCC a more frequent destination for a night out. I love the increased activity across the Club! It is important for our momentum in revenues and membership to continue in order to seamlessly move forward with Phase II expansion plans. Another area of focus has been to take a broader view of what’s working and what’s not working across our industry. With our partnership with Sequoia golf, we’ve not only been able to benchmark against other clubs, but we’ve been able to tap in to an entire network of clubs to see what’s working. I don’t know how many of you are aware of the state of the golf industry, but the statistics aren’t great. From a peak in 2002, golf participation in the U.S. is down 24% through 2013 (our club shows a very similar trend). According to the National Golf Foundation, in 2013, 14 new courses were built in the U.S, and almost 160 closed down. These statistics are not meant to scare anyone. They should help put into context our push to broaden our amenities. They have also heightened the Board’s focus on understanding what’s working at other clubs and across the industry to attract more participation in our primary sport: golf. We have added a permanent topic to each Board meeting to discuss relevant industry reports and to implement changes (operational and investments) that increase participation in golf. We are also meeting with key members of the Sequoia management team to make sure we leverage all of the top programs within our expanded network. We have been focused on implementing our current construction plan, but the operational side of our business always deserves a fresh set of eyes. I am confident that we will improve “across the board” as we tap the top performing resources in our broader organization. Thanks for your ongoing support. See you at the Club! labor day COOK OUT Monday, September 1 4-7 PM in the Gazebo Featuring: Grilled chicken, hamburgers, hotdogs, brats, home-style fried chicken, corn on the cob, mashed potatoes and gravy, buttermilk biscuits with whipped butter and honey, freshly prepared salads, Country Club slaw, red skin potato salad and dessert! $18.95++. Add a New York strip or the fresh catch of the day. $23.95++. Kids 10 and under $1.00++ per year of age. 2 :: AUGUST 2014