Annual Meeting March 29, 2017 5:00 PM Quail Inn
OGC Annual Meeting Agenda 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
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: President Vice Director President Debbie Chuck John Kiddoo Wood Weston THANK YOU FOR ALL FOR YOUR TIME AND HARD WORK!!
2016 OGC COMMITTEES House Committee Social Committee Finance Committee • Capital Campaign Committee Golf Committee Greens Committee Membership Committee OVA/OGC Task Force
“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 one 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 $361,000 $279,000 $419,000 CASH
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
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