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HomeMy Public PortalAboutGolf Commission Packet 12.12.23Golf Commission Andrea Johnson Chair John Kissida Vice Chair Rob David Jim Juras Anne O'Connell Jay Paggi David Valcourt Town Employees Jay Packett Director of Operations Colin Walsh Course Superintendent TOWN OF BREWSTER GOLF COMMISSION 1000 Freemans Way (508) 896-1716 v,olfcommission@brewster-ma.gov www.CaptainsGolfCourse.com GOLF COMMISSION MEETING AGENDA 2198 Main Street December 12, 2023 at 4:00 PM This meeting will be conducted in person at the time and location identified above. This means that at least a quorum of the members of the public body will attend the meeting in person and members of the public are welcome to attend in person as well. As a courtesy only, access to the meeting is also being provided via remote means in accordance with applicable law. Please note that while an option for remote attendance and/or participation is being provided as a courtesy to the public, the meeting/hearing will not be suspended or terminated if technological problems interrupt the virtual broadcast or affect remote attendance or participation, unless otherwise required by law. Members of the public with particular interest in any specific item on this agenda, which includes an applicant and its representatives, should make plans for in -person vs. virtual attendance accordingly. Members of the public who wish to access the meeting may do so in the following manner: Phone: Call (305) 224-1968 US or (309) 205-3325 US. Webinar ID:881 4407 8985 Passcode: 049087 To request to speak: Press *9 and wait to be recognized. ZoomWebinar: httns://us02web.zoom.us/i/88144078985?pwd=M05KOnNsRIROT2FzZEpkSFZDWUVOZZ09 Passcode: 490087 To request to speak: Tap Zoom "Raise Hand", then wait to be recognized. When required by law or allowed by the Chair, persons wishing to provide public comment or otherwise participate in the meeting, may do so by accessing the meeting remotely, as noted above. Additionally, the meeting will be broadcast live, in real time, via Live broadcast (Brewster Government TV Channel 18), Livestream (livestream.brewster-ma,_o ), or Video recording (tv.brewster_ma..m Please note that for any item listed m this section the Select Board may take officials action including votes. 1. Call to Order 2. Declaration of a Quorum 3. Meeting Participation Statement 4. Recording Statement: As required by the Open Meeting Law, we are informing you that the Town will be video and audio taping as well as broadcasting this public meeting. In addition, if anyone else intends to either video or audio tape this meeting they are required to inform the Chair. 5. FY 25 - 29 Financial Forecast Presentation - Peter Lombardi, Donna Kalinick, Mimi Bernardo and Jay Packett 6. Discussion and vote on recommendations for daily fee, cart fee and range fee increases - Andrea Johnson 7. Update on Business Manager position - Jay Packett 8. Monthly Financials presented - Jay Packett 9. Updates on course conditions, winter projects, and staffing - Colin Walsh 10. Questions and Comments from Associations and Liaisons 11. Public Comment 12. Review and Approve Minutes: 11/14 13. Future Agenda Items and Meetings (1/9 & 1/23) 14. Matters Not Reasonably Anticipated by the Chair 15. Adjournment Date Posted: Date Revised: Received by Town Clerk: CAPTAINS GOLF COURSE FINANCIAL FORECAST FISCAL YEARS 2025-2029 ' .F ORPOP A17, \,. �iririfJGO.I l�11oa�` Peter Lombardi, Town Manager Mimi Bernardo, Finance Director Donna Kalinick, Assistant Town Manager Jay Packett, Director of Golf Town of Brewster, Massachusetts December 12, 2023 12/12/2023 Background Golf Department transitioned to a fully self -funded Enterprise Fund as of July 1, 2022 (FY23) Finance Team, Golf Director, and Golf Commission created a 10 -Year Capital Plan and 5 -Year Financial Forecast for the Golf Department in FY24 Starting in 2023, rate setting is based on the annually updated Financial Forecast and long-term Capital Plan to ensure future year projected revenues align with estimated expenses and to create consistency in annual rate increases Budget Presentation Award Brewster Finance Team received the Go vernment Finance Officers Association (GFOA) Distinguished Budget Presentation Award for our FY24 budget Award represents a significant achievement by the Town - it reflects the commitment of the Select Board and staff to meeting the highest principles of governmental budgeting Finance Team had to satisfy nationally recognized guidelines for effective budget presentation These guidelines are designed to assess how well an organization's budget serv es as: - a policy document - a financial plan - an operations guide - a communications device 3 Overview of FY24 Budget Total FY24 Budgeted Expenses increased by 8% over FY23 (including $350k transfer to Capital Stabilization), based on a variety of budgetary pressures Personnel expenses increased by about 12%, including the new full-time Business Manager position. Indirect charges were reviewed and fully accounted for, increasing by 3%, with $211,619 being transferred to the General Fund to cover these o verhead expenses Golf Department pays for its share of OPEB, Retirement, Health Insurance and related benefits (fully self- supporting) Overview of FY24 Budget (cont'd) Significant deferred capital continued to be addressed, as the new Capital Stabilization Fund balance was increased to $750k to start FY24 $350k was appropriated at Fall 2023 Town Meeting to help pay for a portion of the clubhouse windows and doors project Current Golf Capital Stabilization Fund balance is $424,374 Membership fees were increased on April 1, 2023 (4% av erage increase) - rates were set based on FY24-FY28 Forecast Timing of rate increases should help maintain healthy Retained Earning balances Actual revenues continue to exceed projections ($723k in FY23) 5 s IMF Virl1=M111111r14. FY25-29 Budget Forecast: Revenue Assumptions Revenues were calculated to offset any future deficits, resulting in the following recommended rate increases: FY25 5% (includes 50% of 25 new non-members) FY26 6% FY27 7% FY28 7% FY29 7% Proposed rate increases are exactly in line with last year's forecast except that FY28 is now set to increase by 7% instead of 5% (largely due to higher capital costs) Assumes overall membership totals remain relatively constant (except for adding new non-members in FY25) 6 i FY25-29 Budget Forecast: Revenue Assumptions (cont'd) Cart Rates increase 8 +% in FY25, then 5% in FY26+ Capital Stabilization funds are assumed to help cover the debt payments in FY27 ($250k) and FY28 ($100k) to smooth rate increases and avoid deficits Solar Revenues $20+k to General Fund for Energy Manager $70+k balance to Golf Department Restaurant Revenues - $50k 12/12/2023 Revenue Overview FO R ILLUSTR ATIVE PURPOSES Golf Financial F orecast FY25-29 - Revenues V isu8IIZa9On • Fv2581M0c 'V26RN 28 Buoceit FY29 Fiscal Yea r Co llapse All FY22 Budget FY22 Ac tua l FY23 Budget FY23 Actu al FY24 Budget FY25 Budg et FY26 Budget a G res s Fee s 3 1. 800. 000 0 2. 098 792 3 1.773.000 0 2 291 .912 02 127,754 $ 2.232 419 0 2.364 020 • Memberships 1. 420.327 1. 366.506 1 459.100 1.405.511 1.203.568 ' 282,837 ' 359,809 e Carts 660. 273 789 804 677660 A49.'220 79P 024 861 488 n04 .3 .30 - O1har Golf Rev enue 499.500 520 140 . 172,020 498.805 501,941 510.981 520,201 Pro Shop Sa les 3000 00 298.641 300,000 287.338 273 770 279.2413 284.83' Renner Fee s '57.500 173.763 130.020 163,381 '79,171 181 735 18:170 Restaurant Rental Faris 12.000 25.000 42. 000 30. 803 50.000 50 .000 50,000 Tou rna men t En try Fe es 0 26. 983 0 33740 0 0 0 Gilt Certificate Rev enu e - Fee 0 '2.874 0 8,803 0 0 C re dit Boo k Transac tio ns 0 -17 121 0 •23. 059 • De pa rtmen tal Rev enue 72.517 72, 517 '1.000 82.577 69,000 71.000 71,000 ✓ Tran sfers from Other Funds 0 0 C 0 0 0 0 • Earnings on investment e 0 0 44.813 0 0 8 1 Miss Revenue 10. 160 0 2,888 0 0 • Mis c No n- Rec urrin g 0 0 0 423 0 0 To ta l 3 4.452617 3 4 857.079 3 4. 452. 800 S 5.176.256 0 4 700.285 $ 4.958 706 3 5.219,366 Sad L erg e to Sm ell Greens Fees • Memberships Cans • Other Gott Revenue • Departmental Revenue • Transfers from Other Funds Earning s on Inv estment Mis0 Revenue • WO Non- Reeumnp FY27 Budget 52.526512 FY26 Budget FY29 Budget 5 2 700.315 S 2.886 .230 1 454 .997 • 558.849 1 885.830 949 348 gin , Fi114 1 040 ,2111 529.606 548.084 290.528 296.339 302,268 189,078 192 ,860 108 ,718 50 000 60.000 60.000 0 0 0 O 0 71.000 71 .000 71 ,000 250 .000 100,000 0 0 0 0 O 0 U U 0 3 5.781.483 S 5.963.970 3 6,218.263 9 0 0 Cre mes *i Oo mKx s 539.159 8 FY25-29 Budget Forecast: Expense Assumptions FY24 Expenses were reviewed by line item and adjusted based on current conditions - increasing by about 4 .6% on average, including select targeted increases for items such as electricity, fuel and some materials that are particularly volatile right now and other anticipated expense drivers (eg. 20% increase in cart lease payments in 2nd half of FY25) Consistent with the General Fund Financial Forecast, the following assumptions were applied to major cost drivers: Personnel 2.5% COLA, plus contractual steps in FY25-29 Pension 11% (FY25), 10% (FY26-27), & 9% (FY28-29) Health Insurance 4% in FY25-FY29 Indirects 5% in FY25-29 No staffing changes proposed in FY25-29 9 12/12/2023 Expense Overview F OR ILLUSTR ATI VE PURPOSES Golf Financial F orecast FY25-29 - Expenses Visualization A Fuca 'fea t Collapse All e Salaries 8 Wages • Expenses • Emplo yee Benefits Transfe rs to O dle, Fun ds Transfer to General Fu nd Transfer to General Stabilization Transur to O PEB Trust • D ebt • Capful Expen se s Total q � • $H So rt Large to Small • Satanes & Wages • Expens es Employe e B enefits • Transfers to Other Funds Debt • Capital Expenses FY22 Budget FY22 Actual P423 Bu dget FY23 Actual FY24 Budget FY25 B udget FY26 Budget FY27 B udget FY28 B udget FY29 Budget $ 1 542 718 $ 1.475. 959 5 1 598,892 5 1,642,16+ $ t 781 ,758 $ 1 847 598 $ 1 899.271 $ 1 958 .982 52 .018.497 6 2.076 720 1.264594 +.167.801 1,348,995 1,395. 181 '.457538 1.57808 -831 ,830 1,679 .998 1,/25 .27 's 1772.504 541,621 523,977 681.889 590, 231 166 .559 814 .664 883 .675 916.611 969.842 1 .028 .984 150.324 150, 324 628.356 626,358 502 .619 243.200 254.310 265 .976 276 .225 291 .067 129. 324 129. 324 205,356 205. 356 211.$19 222.200 233,310 244.976 257 .225 270 .067 O 0 400-000 400,000 350.000 7 0 0 0 0 21. 000 21. 000 21000 21. 000 21,000 21.000 21,000 21000 21,000 21,000 O 0 0 0 0 300.000 300,000 925 .000 925 .000 925 .000 100000 50. 373 0 0 0 0 0 0 0 0 S 3.699. 347 5 3. 368 435 $ 4. 254 133 5 4.253.928 $ 4.598,474 $ 4.783,470 5 4 949.086 $ 5,748.567 5 5.916 .837 $ 8 .092 .295 t7 taled u, Ooe0 00o 10 FY25-29 Forecast: Capital Debt Assumptions Golf Irrigation Project: $8.5M in Long Term Debt with 4% interest (20 -year loan) Debt payments of $625k to start in FY27 Maintenance Building Project: $4M in Long Term Debt with 4% interest rate (20 -year loan) Debt payments of $325k to start in FY25 FY25-29 Budget Forecast Implications Estimated FY25 Golf revenu e totals: $4,958,705 Projected FY25 Golf Fund operating appropriations: $4,783,470 Estimated available FY25 capacity: $175,235 (3. 7% of annual operating budget) Annual rate increases must be 5 +% for the Enterprise Fund to remain solvent in FY25+ 12/12/2023 Revenue & Expense Overview FOR ILLUSTRATI VE PURPOSES Golf Financial Forecast FY25-29 - Overview Visualiza tion Expend All • Revenues x Expenses Revenues Less Ex pe nses t9 i rsca. Ye a a. 1E ct e Serf Large to Smell • Revenues E xp ens es FY22 Budget FY22 Actu al FY 23 Budoe t FY 23 Actual FY24 Budget FY25 B udget FY26 Budget FY27 Budget FY26 Budget FY29 Budget S 4 452.617 5 4. 857 079 S 4.452,800 5 5. 176,256 S 4,700.285 S 4,958.705 $ 5.219.368 S5 .781 483 $ 5,983.970 S 6.218.263 3, 699. 347 3. 388, 435 4.254.133 4.253.928 4.598,474 4 .783 .470 4.949.086 5.748 .587 5,918,837 8 .092.295 5 753.270 S 1.488.644 S 198,667 5 922.327 5 101. 811 S 175 .235 S 270.282 S 34 896 S 47.133 $ 125.988 _reatac wm C4errrc 13 FY25-29 Capital & Reserves Retained Earnings Balance as of July 1, 2023: $2,105,819 $1.7M was authorized for capital at Fall 2023 Town Meeting Current Retained Earning Balance after FY24 capital : $755,819 10 Year Capital Improvement Plan assumes about $1.3M in annual capital expenses Starting in FY27, debt payments for two major capital projects account for about 75% of all annual capital investment Based on forecast year-end totals, reserves may not be able to cover additional capital needs - revenues, expenses (operating & capital), and reserve balances all need to be monitored closely in FY25+ Town's Free Cash/Financial Reserves Policy recommends 5-7% of operating budget annually be put aside with no less than 2-2.5% remaining after capital expenses paid out 14 12/12/2023 Golf Capital Improvement Plan FY24 - 2 Capital Needs: FY 2024 FY 2025 FY 2026 FY 2027 FY 2028 Equipment Replacement $ 350,000 $ 400,000 $ 400,000 $ 400,000 $ 350,000 Pump House Feasibility $ 100,000 Irrigation System - All Holes $ 625,000 $ 625,000 Irrigation System Construction Management $ 100,000 $ 100,000 Maintenance Building Design $ 400,000 Maintenance Facility Upgrades $ 300,000 $ 300,000 $ 300,000 $ 300,000 Maintenance Facility Construction Management $ 175,000 Cart Barn Painting $ 15,000 Main Course Irrigation Well Reconditioning $ 100,000 Driving Range Well Reconditioning $ 50,000 Sink Hole Repair $ 20,000 Cart Path Improvements $ 120,000 Tee Box Improvements $ 20,000 $ 20,000 $ 20,000 $ 20,000 Clubhouse Painting $ 50,000 Clubhouse Roof Replacement $ 125,000 Pro Shop Furnishings $ 25,000 Clubhouse Window & Door Replacement Additional Costs Windows and Doors $ 700,000 Kitchen Equipment Replacement $ 15,000 $ 15,000 $ 15,000 Clubhouse Surroundings Improvements & Theme Enhancement! $ 10,000 $ 10,000 $ 10,000 $ 10,000 Driving Range Improvements $ 15,000 $ 75,000 Total Planned Capital Improvements $ 1,700,000 $ 1,010,000 $ 1,065,000 $ 1,475,000 $ 1,435,000 15 Questions & Answers CAPTAINS GOLF COURSE - RATES GREEN FEES: 2024 Rates 2023 Rates January 1st thru March 29th Everyday - 18 hole green fee $ 47.00 $ 47.00 After 1:00 p.m. everyday - twilight green fee $ 31.00 $ 31.00 Back 9 everyday - available for the 1st hour and a half $ 31.00 $ 31.00 Junior green fee (under 18 years old) - after 1:00 p.m. $ 5.00 $ 5.00 March 30th thru April 21st Friday thru Sunday - 18 hole green fee $ 65.00 $ 62.00 Monday thru Thursday - 18 hole green fee $ 55.00 $ 52.00 After 1:00 p.m. everyday - 18 hole green fee $ 55.00 $ 52.00 After 3:00 p.m. everyday - twilight green fee $ 38.00 $ 36.00 Back 9 everyday - available for the 1st hour and a half $ 38.00 $ 36.00 Junior green fee (under 18 years old) - after 4:00 p.m. $ 5.00 $ 5.00 April 22nd thru May 27th - Friday thru Sunday - 18 hole green fee (and Memorial Day) $ 84.00 $ 80.00 Friday thru Sunday 1:00 pm to 3:00 pm $ 60.00 $ 57.00 Friday thru Sunday After 3:00 pm $ 44.00 $ 42.00 Friday thru Sunday Back 9 - available for the 1st hour and a half $ 44.00 $ 42.00 Monday thru Thursday - 18 hole green fee (except Memorial Day) $ 65.00 $ 62.00 Monday thru Thursday after 1:00 p.m. $ 55.00 $ 52.00 Monday thru Thursday after 3:00 p.m. $ 38.00 $ 36.00 Monday thru Wednesday Back 9 - available for the 1st hour and a half $ 38.00 $ 36.00 Junior green fee (under 18 years old) - after 4:00 p.m. $ 5.00 $ 5.00 May 28th thru June 28th Friday thru Sunday - 18 hole green fee $ 84.00 $ 80.00 Friday thru Sunday 1:00 pm to 3:00 p.m. $ 60.00 $ 57.00 Friday thru Sunday After 3:00 pm $ 44.00 $ 42.00 Friday thru Sunday Back 9 - available for the 1st hour and a half $ 44.00 $ 42.00 Monday thru Thursday - 18 hole green fee _ $ 65.00 $ 62.00 Monday thru Thursday 1:00 pm to 3:00 pm $ 55.00 $ 52.00 Monday thru Thursday after 3:00 p.m. $ 38.00 $ 36.00 Monday thru Wednesday Back 9 - available for the 1st hour and a half $ 38.00 $ 36.00 Junior green fee (under 18 years old) - after 4:00 p.m. $ 5.00 $ 5.00 June 29th thru September 2nd 18 hole green fee - everyday before 9:00 a.m. $ 90.00 $ 85.00 18 hole green fee - everyday 9:00 a.m. - 2:00 p.m. $ 82.00 $ 78.00 18 hole green fee - everyday 2:00 p.m. - 4:00 p.m. $ 60.00 $ 57.00 After 4:00 p.m. everyday - twilight green fee _ $ 44.00 $ 42.00 Back 9 everyday except Thursday - available for the 1st hr and a half $ 44.00 $ 42.00 Junior green fee (under 18 years old) - after 5:00 p.m. $ - 5.00 $ 5.00 September 3rd thru October 14th Friday thru Sunday - 18 hole green fee (and Columbus Day) $ 84.00 $ 80.00 Friday thru Sunday 1:00 pm to 3:00 p.m. $ 60.00 $ 57.00 Friday thru Sunday After 3:00 pm $ 44.00 $ 42.00 Friday thru Sunday Back 9 - available for the 1st hour and a half $ 44.00 $ - 42.00 Monday thru Thursday - 18 hole green fee (except Columbus Day) $ 65.00 $ 62.00 Monday thru Thursday 1:00 pm to 3:00 pm $ 55.00 $ 52.00 Monday thru Thursday after 3:00 p.m. $ 38.00 $ 36.00 Monday thru Wednesday Back 9 - available for the 1st hour and a half $ 38.00 $ 36.00 Junior green fee (under 18 years old) - after 4:00 p.m. $ 5.00 $ 5.00 October 18th thru October 27th Friday thru Sunday - 18 hole green fee $ 65.00 $ 62.00 Monday thru Thursday - 18 hole green fee $ 55.00 $ 52.00 After 1:00 p.m. everyday - 18 hole green fee $ 38.00 $ 36.00 Back 9 everyday - available for the 1st hour and a half $ 38.00 $ 36.00 Junior green fee (under 18 years old) - after 2:00 p.m. $ 5.00 $ 5.00 October 28th thru December 31st Everyday - 18 hole green fee $ 50.00 $ 47.00 After 1:00 p.m. everyday - twilight green fee $ 33.00 $ 31.00 Back 9 everyday - available for the 1st hour and a half $ 33.00 $ 31.00 Junior green fee (under 18 years old) - after 1:00 p.m. $ 5.00 $ 5.00 RIDING CARTS Daily Fee Player 18 Hole Cart - single rider $ 25.00 $ 23.00 Daily Fee Player 9 Hole Cart - single rider $ 15.00 $ 14.00 Annual Fee Player 18 Hole Cart - single rider $ 20.00 $ 18.00 Annual Fee Player 9 Hole Cart - single rider $ 10.00 $ 10.00 PULL CARTS 18 holes $ 8.00 $ 5.00 9 holes $ 5.00 $ 3.00 DRIVING RANGE Warm-up bucket (15 balls) $ 3.00 $ 3.00 Small bucket (35 balls) $ 6.00 $ 6.00 Large bucket (70 balls) $ 10.00 $ 10.00 Debit card (5 small buckets) $ 22.00 $ 22.00 Debit card ($100 worth of range balls) $ 60.00 $ 60.00 Debit card ($200 worth of range balls) $ 100.00 $ 100.00 Junior bucket (16 yrs. & under - limit 1 bucket per junior) $ 2.00 $ 2.00 RENTAL CLUBS $ 50.00 $ 50.00 ANNUAL FEE PLAYER PASSES Brewster Adult Resident and/or Real Estate Taxpayer categories: Early Start - may play anytime/any day $ 1,365.00 $ 1,300.00 Morning - may play after 9:00 a.m. in prime season/anytime in non -prime season (see app.) $ 1,040.00 $ 990.00 Twilight - may play beginning one hour prior to the start of the Twilight green fee rate $ 570.00 $ 540.00 Brewster Resident Collegiate (19 - 25 years old) $ 475.00 $ 450.00 Brewster Resident - Junior (12 - 18 years old) $ 215.00 $ 204.00 Non -Resident Categories Charter Non -Resident (Renewals only) $ 1,895.00 $ 1,805.00 Non -Residents - Individual $ 2,275.00 $ 2,165.00 Non -Residents - Twilight $ 840.00 $ 800.00 Non -Residents - Collegiate (19 - 25 years old) $ 685.00 $ 650.00 Jr. Non -Resident (12 - 18 years old) $ 305.00 $ 292.00 RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE Residents Early Morning Twilight College Junior Total Non Res Early Twilight College Junior Total Total AFP # AFP 2023 Rate 2023 Revenue 2% increase 3% Increase 323 295 128 20 18 784 264 95 15 3 377 1161 1300 990 540 450 204 2165 800 650 292 419,900 .00 292,050.00 69,120.00 9,000 .00 3,672.00 793,742.00 1325 1010 550 460 210 1340 1020 555 465 210 4% increase 1350 1030 560 470 215 Residents - Less 5% Early 307 Morning 280 Twilight 122 College 19 Junior I 17 Total 745 1 1300 990 540 450 204 571,560 .00 76,000 .00 9,750.00 876.00 658,186.00 $ 1,451,928.00 2210 815 665 300 No n Res - Less 5% Early Plus 13 264 Twilight Plus 12 102 College 14 Junior 3 Total 383 Total 1128 399,100.00 277, 200.00 65,880. 00 8,550.00 _ 3,468.00 _ 754,198. 00 2230 825 670 300 5% Increase 1365 1040 570 475 215 2250 830 675 305 2165 800 650 292 $ 406,775.00 $ 282,800.00 $ 67,100 .00 $ 8,740 .00 $ 3,570.00 $ 768,985.00 2275 840 685 305 $ 411,380 .00 $ 414,450.00 $ 285,600 .00 $ 288,400.00 $ 67,710 .00 $ 68,320.00 $ 8,835 .00 $ 8,930.00 $ 3,570.00 $ 3,655.00 $ 777,095.00 $ 419,055 .00 $ 291,200.00 $ 69,540.00 $ 9,025.00 $ 3,655.00 $ 783,755.00 $ 792,475.00 $ 571,560.00 $ 583,440.00 $ 588,720.00 $ 594,000.00 $ 81,600.00 $ 83,130.00 $ 84,150.00 $ 84,660.00 $ 9,100. 00 $ 9,310.00 $ 9,380 .00 $ 9,450 .00 $ 876.00 $ 900. 00 $ 900.00 $ 915 .00 $ 663,136.00 $ 676,780.00 $ 683,150.00 $ 689,025 .00 $ 1,417,334.00 $ 1,445,765.00 $ 1,460,245.00 600,600 .00 85,680.00 9,590.00 915.00 696,785 .00 $ 1,472,780.00 $ 1,489,260 .00 ASSUMING MEMBERSHIP NUMBERS STAY THE SAME, PLUS ADDING 25 NON-RESIDENTS 5% Residents Early 323 Morning 295 Twilight 128 College 20 Junior Total Non Res 1365 18 784 1040 570 475 215 Early Plus 13 277 2275 Twilight Plus 12 107 840 College 15 685 Junior 3 305 Total 402 Total AFP 1186 $ 440,895.00 $ 306,800.00 $ 72,960 .00 $ 9,500.00 $ 3,870 .00 $ 834,025.00 Less 50% of new non-residents 14,788 .00 Less 50% of new non-residents $ 5,040 .00 $ 615,387.00 $ 84,840.00 $ 10,275 .00 $ 915.00 $ 711,417.00 $ 1,545,442 .00 BUDGET STATUS rev. 11/30/23 WAGES Full-time Wages Part-time Wages Overtime Longevity_ - Contracual Obligations SUBTOTAL GENERAL EXPENSES Oil/Grease Diesel Fuel Heating Gasoline Electricity Electricity -Irrigation Pump R&M Equipment R&M Irrigation ' Proffessional/Technical OSHA Training Phones Alarm Office Supplies Score Cards _ Maintenance Supplies Range Supplies Computer Supplies Custodial Supplies Rubbish Removal/Sanitation Seed & Sod Tee & Green Landscapi Topsail & Sand Fertilizer Fungicide nsecticides Misc. Wetting Agents/Lime Cart Lease Clubhouse Fum./Repair Credit Card Expense Environmental Monitoring Safety Clothing Allowance S Mileage -Maintenance - $ Meetings/Travel _ Dues and Subscriptions $ Clothing Allowance-Admin S Advertising/Promotions CVEC Administration Charges FY 2024 Expended thru November Budget WAGES $ 425,676.30 1 $1,132,652.00 $ 706,975.70 37.6% Full-time Wages $ 380,012.18 $ 1,001,971.00 $ 621,958.82 37.9% $ 3.12,007.34 $ 570,394.00 $ 258,386.66 54.7% Part-time Wages $ 303,809.61 $ 518,540.00 $ 214,730.39 58.6% $ 42,342,36 $ 67,302.00 $ 24,959.64 62.9% Overtime $__41,231.36 $ 61,184.00 $ 19,952.64 67.4% $ ,,295.44 ' $ 14,170.00 $ 10,874.56 23.3% Longevity _ $ 3,081.00 $ 15,197.00 $ 12,116.D0 20.3% $ - $ 7,240.00 L_$_ 7,240.00 0.0% Contractual Obligations $ - $ - $ - --' $ - $ - $ $ 783,321.44. $1,791,758.00 $1,008,436.56__ 43.7% SUBTOTAL $ 728,134.15 $ 1,596,892.00 $ 868,757.85 45,6% %of Budget Balance Spent FY 2023 Expended thru November Budget Balance % of Budget Spent - $ - ---- $ - _ . $ $ $ GENERAL EXPENSES $ - $ 3,500.00 , $ 3,500.00 0.0% Oil/Grease $ 2,194.99 $ 3,200.00 $ 1,005.01 68.6% $ 9,114.24 $ 12,500.00 $ 3,385.76 72.9% $ 10,265.04 $ 10,500.00 $ $ 3,057.70 18.4% ting 2, 00.00 $ $ 5,876.22 $ 13,000.00 $ 17,112378 45.2% Gasoline el --- $ 26,373.55 , $ 49,0 000.00 $ 20,539.32 57.9%0. $ 24,370.69 $ 50,000_00 $ 25,629.31 48.7/ Electricity , $ 7,937.73 $ 25,000.00 $ 17,062.27 31.8% Electricity -Irrigation Pump $ 14,578.33 $ 23,320.00 $ 8,741.67 62.5% $ 30,422.31 $ 95_,000.00 $ 64,577.69 32.0 % R&M Equipment $ 29,193.76 $ 68,000.00 $ 58,806.24 33.2% $ 19,951.42 $ 40,000.00 $ 20,048.58 49.9% R&M Irrigation $ 18,058.47 $ 37,000.00 $ 18,941.53 48.8% $ 25001.08 $ 8,500.00. $ 6,498.92 23.5% Proffessional/Technical $ 5,632.63 $ 4,500.00 $ (1,132.63)' 125.2% $ - $ 2,500.00 $ 2,500.00 0.0% OSHA Training _ $ - $ 2,500.00 $ 2,500.00 0.0% $ 470.99 $ 1,600.00 $ 1,129.01 29.4% Phones $ 481.81 $ 1,600.00 $ 1,118.19 30.1% $ 1,495.00 $ 2,200.00 $ 705.00 68.0% Alarm $ 2,842.31 $ 2,200.00 $ (642.31) 129.2% 898.95 $ 10,000.00 $ 9,101.05 9.0% Office Supplies $ 3,881.49 , $ 9500.00 $ 5,618.51 40.9% $ 6,000.00 $ 6,000.00 0.0% Score Cards $ 2,985.00 $ 5,000.00 $ 2,015.00 59.7% 6,349.29 $ 15,000.00 $ 8,650.71 42.3% Maintenance Supplies 3,480.58 $ 13,000.00 $ 9,519.42 26.8% Range Supplies - 3,533.32 $ _ 8,500.00 $ 4,866.68 42.7% Computer Supplies 8,719.66 $ 25,000.00 i $ 16,280.14 34.9% Custodial Supplies 166 932.54 $ 35 000.00 $ 18 067.46 48.4% Rubbish Removal/Sanitation 3,741.00 $ 35,000.00 $ 31,259.00 10.7 % See 1,249.17 $ 13,000.00 $ 11,750.83 9.6% Tee & Green 784.74 $ 8,000.00 $ 7,215.26 9.8% Landscaping $ 9,878.93 $ 40,000.00 $ 30,121.07_1 24.7% Topsoil & Sand $ 50,295.00 $ 100,000.00 $ 49,705.00 50.3% Fertilizer $ 8,991.33 $ 135,000.00 $ 126,008.67 6.7% Fungicide $ 1,092.37 $ 20,000.00 $ 18,907,63 5.5% Insecticides _ $ 2,055.23 $ 60,000.00 $ 57,944.771 3.4% Misc. WettingApents/Lime $ 74,000.00 $ 111,000.00 $ 37,000.00 66.7% Cart Lease See d $ 11,447.09 $ 51,000.00 $ 39,552.91 22.4% Clubhouse Fum./Repair $ 78,860.70 $ 85,000.00 $ 6,139.30 - 92.8% Credit Card Expense $ 426.08 $ 3,500.00 $ 3,073.92. 12.2% Environmental Monitoring $ 11,062.75 $ 12,000.00 $ 937.25 92.2%, 3343 92 $ 13 000 00 $ 9,656.08 25.7% $ 4,374.63 $ 8,000.00. $ 3,625.37 54.7% $ 7,411.96 $ 22,000.00 $ 14,588.04 33.7% $ 9,321.48 $ 20,000.00 ' $ 10,678.52 46.6% 50,000.00 $ 39,420.14 _ 21.2% 1,562.50 $ 4,688.0D $ 3,125.50 33.3% CVEC Administration Charges $ 1,171.88 $ 4,688.00 $ 3,516.12 25.0% - $ - $ _ $ $ $ - $ _ $ $ $ - -_ $ $ - $ ,$ $ - $ - $ $ $ - $ $ $ - $ - $ - $ - $ - $ 3,703.17 $ 10,000.00 $ - 6,296.83 37.0% .Safety Clothing Allowance - $ _ 450.00 $ 450.00. 0.0% Mileage -Maintenance $ 148.36. $ 2,500.00 $ 2,351,64 5.9% Meetingsfrravel $ 2,340.00 $ 4,100.00 , $ 1,760.00 57.1% Dues and Subscriptions - $__ 2,945.00 ! $ 4,100.00 $ 4,000.00 $ 4,000.00 0.0% Clothing Allowance-Admin $ _ - 1 $ 4,000.00 $ 16,579.96 $ 50,000.00 $ 33,420.02 33.2% Advertising_/Promotions $ 11,482.00 $ 29,000.00 ' $ 17,518.00 39.6% $ - $ _ 12,000.00 $ 12,000.00 0.0% $ 793.50 $ 5,000.00.1 $ 4,206.50 L 15.9% $ 15,203.75 $ 31,500.00 $ 16,296.25 48.3% $ 48,492.25 $ 96,000.00 $ 47,507.75 50.5% $ 4,603.07 $ 126,000.00 i $ 121,396.93 3.7% $ - $ 16,000.00 $ 16,000.00 0.0% $ 40,387.16 $ 58,000.00 _ $ 17,612.84 69.6% $ 74,000.00 $ 111,000.00 $ 37,000.00_1_ 66.7% $ 24,995.82 $ 50,000.00 $ 25,004.18I 50.D% $ 53,933.60 $ 75,000.00 $ 21,066.40 ' 71.9% $ 599.03 $ _ 3,000.00 $ 2,400.97 20.0% $ 1,725.31 $ 9,000.00 _ $ 7,274.69 19.2% $ 450.00 $ 450.00 0.0m - i $ _ 2,500.00 $ 2,500.00 0.0% $ 1,155.00 71.8% $ 4,000.00. 0.0% $ 10,579.86 $ $ SUBTOTAL Other Expenses: Transfer to Trust Pro Shop_Purchases Capital Indirect Costs Life Insurance Unemployment - Health Insurance Medicare Compensated Absences Workers Compensation General Liability Insurance Retirement/Pension Exp, Transfer to Capital Stabilization $ 350,000.00 ! $ 3.50,000.00 $ • Insuranced Claims $ 13,317.00 $ 13,317.00 $ SUBTOTAL $1,209,571.19 $1,700,495.00. $ 490,923.81 GRAND TOTAL $ 21,000.00 $ 21,000.00 $ - $ 102 200.39 $ 240,000.00. $ 137,799.61 $ - $ - I $ - ,1__$ 211 619.00 1 $ 211,619.00 I, $ _ $. 270.69. $ 712.00 $ 441., _ $ - $ 50,000.00 $ 50,000.00 $ 115,730.75 $ 373,092.00 $ 2 $ 6,608.73 $ 26,050.00 $ 19,441.27 $ 8,858.20 $ 20,000.00,L$ - 11,141.80 $ 12,875.00 $ 16,000.00 $ 3,125.00 $ 70,386.77 $ 82,000.00 $ 11,613.23 $ 296,704.66 $ 296,705.00 $ 0.34 $ $ $ 411,752.17 707,785.83 36.8% SUBTOTAL Other Expenses: _ 100% Transfer to Trust 43% Pro Shop Purchases Capital 100% Indirect Costs 31 38% Life Insurance 0% Unemployment 57,361.25 31% Health Insurance 25%� Medicare 44% Compensated Absences 80% Workers Co nsation 86% General Liability Insurance 100%i Retirement/Pension Exp. 100%1 Transfer to Capital Stabilization 100%1 71% SUBTOTAL $2,404,644.80 84,611,791.00 52,207,146.20 52% GRAND TOTAL $ 453,975.07 $ 1,021,318,00 $ 567,342.93 44.4% $ - $ 21,000.00 $ 21,000.00 0% $ 87,310.91 $ 230,000.00 $ 142,689.09 38% $ - $ - $ - $ 205,356.00 $ 205,356.00 $ - 100% $ 276.37 $ 67_1.00 _ $ 394.63 41% $ - $ 55,080.00 $ _ 55,080.00 0% $ 115,663.75 $ 343,608.00 $ 227,944.25 34% $ 6,502.90 $ 23,976.00 $ 17,473.10 _ _ 27% $ 21,547.75 $ 20,000.00 , $$ (1,547.75) 108% $ 10,605.00 $ 16,480.00 k $ 5,875.0D sail, $ 68,262.24 $ 81,198.00 ! $ _ 12,935.76 . - 84% $ 238,5.54.00 - $ 238,554.00 I $ - 100% $ - $ 400,000.00 , $ 400,000.00 0% $ 754,078.92 $ 1,635,923.00 , $ 881,844.08 46% 51.936.188.14 5 4 254 133.00 $ 2,317,944.86 ! 46% CAPTAINS GOLF COURSE COMPARISON REPORT NOVEMBER Nov -18 Nov -19 Nov -20 Nov -21 Nov -22 Nov -23 REVENUE MEMBERSHIPS: RESIDENTS - Early $ - $ $ - $ $ $ RESIDENTS-Moming $ $ $ $ $ $ RESIDENTS - Twilight $ - $ - $ $ - $ 200.00 $ CHARTER NON-RESIDENTS $ - $ $ - $ $ $ NON-RESIDENTS $ - $ $ - $ $ $ - NON-RESIDENT TWILIGHT $ $ $ $ $ $ AFP COLLEGIATE $ - $ $ - $ $ $ AFP JUNIOR $ $ - $ $ - $ $ SUBTOTAL $ $ $ $ $ 200.00 $ GREEN FEES: 18 HOLE GREEN FEE $ 9,267.00 $ 10,399.00 $ 40,570.00 $ 24,615.00 $ 30,650.00 $ 26,651.00 TWILIGHT GREEN FEES $ 2,618.00 $ 4,003.00 $ 8,708.00 $ 7,168.00 $ 6,430.00 $ 8,937.00 BACK 9 GREEN FEES $ 815.00 $ 921.00 $ 3,010.00 $ 2,378.00 $ 4,190.00 $ 1,514.00 ADVANCED RESERVATIONS $ 5,000.00 $ 425.00 $ 3,324.80 $ 14,785.35 $ 10,657.95 $ 8,186.40 SUBTOTAL $ 17,700.00 $ 15,748.00 $ 55,612.80 $ 48,946.35 $ 51,927.95 $ 45,288.40 CARTS: 18 HOLE CART $ 7,643.72 $ 8,706.94 $ 24,017.51 $ 21,042.28 $ 22,609.43 $ 17,850.39 9 HOLE CART $ 2,782.75 $ 3,506.60 $ 8,779.12 $ 6,936.80 $ 6,154.73 $ 6,844.78 SUBTOTAL $ 10,426.47 $ 12,213.54 $ 32,796.63 $ 27,979.08 $ 28,764.16 $ 24,695.17 DRIVING RANGE $ 1,798.00 $ 2,376.00 $ 8,416.00 $ 4,413.00 $ 2,892.00 $ 4,145.00 PULL CARTS $ 249.51 $ 110.10 $ 315.27 $ 24.48 $ 110.07 $ 237.44 SNACK BAR RENT $ 3,500.00 $ 3,500.00 $ $ 2,500.00 $ 1,500.00 $ 19,500.00 GIFT CERTIFICATES $ 2,155.81 $ 994.53 $ 533.30 $ 3,110.24 $ 1,494.55 $ 865.46 CREDIT BOOK $ (2,445.09) $ 1,100.77 $ (587.85) $ 2,704.91 $ (1,187.69) $ 231.70 PRO SHOP SALES $ 11,161.20 $ 8,745.16 $ 12,278.71 $ 11,946.41 $ 9,853.03 $ 16,299.61 HANDICAP REVENUE $ - $ $ - $ $ - SOLAR REVENUE $ - $ $ $ - $ - $ - MISC. SALES $ - $ $ - $ 92.81 $ - $ SUBTOTAL $ 16,419.43 $ 16,826.56 $ 20,955.43 $ 24,791.85 $ 14,661.96 $ 41,279.21 TOTAL REVENUE $ 44,545.90 $ 44,788.10 $ 109,364.86 $ 101,717.28 $ 95,554.07 $ 111,262.78 CAPTAINS GOLF COURSE COMPARISON REPORT CALENDAR YEAR THROUGH NOVEMBER ( 11 months ) YEAR 2018 YEAR 2019 YEAR 2020 YEAR 2021 YEAR 2022 YEAR 2023 REVENUE MEMBERSHIPS: RESIDENTS - Early $ 292,078.85 $ 319,332.00 $ 334,908.02 $ 283,150.00 $ 391,041.00 $ 396,696.71 RESIDENTS - Moming $ 215,091.99 $ 216,176.45 $ 194,268.00 $ 167,045.70 $ 261,186.50 $ 294,422.70 RESIDENTS -Twilight $ 45,537.00 $ 52,520.33 $ 65,166.00 $ 52,651.00 $ 68,424.80 $ 69,746.00 CHARTER NON-RESIDENTS $ 6,895.00 $ 7,240.00 $ 6,080.00 $ 7,600.00 $ - $ NON-RESIDENTS $ 321,313.00 $ 338,696.00 $ 371,623.00 $ 412,078.00 $ 538,192.87 $ 564,859.96 NON-RESIDENT TWILIGHT $ 42,579.00 $ 43,799.00 $ 70,105.00 $ 73,048.00 $ 81,951.00 $ 73,340.00 COLLEGIATE $ 5,500.00 $ 8,386.00 $ 21,322.00 $ 19,993.00 $ 19,380.00 $ 17,650.00 JUNIORS $ 3,730.00 $ 4,830.00 $ 6,456.00 $ 5.464.00 $ 3,917.00 $ 4,956.00 SUBTOTAL $ 932,724.84 $ 990,979.78 $ 1,069,928.02 $ 1,021,029.70 $ 1,364,093.17 $ 1,421,671.37 GREEN FEES: 18 HOLE GREEN FEE $1,356,879.34 $1,382,182.10 $ 1,485,767.52 $ 1,586,540.95 $ 1,699,234.80 $ 1,788,959.49 TWILIGHT GREEN FEES $ 152,975.20 $ 167,910.30 $ 223,345.88 $ 219,383.89 $ 231,023.48 $ 410,665.19 BACK 9 GREEN FEES $ 71,778.04 $ 82,959.95 $ 97,857.95 $ 151,269.25 $ 231,004.14 $ 62,348.00 ADVANCED RESERVATIONS $ 125,820.20 $ 121,093.00 $ 40,318.20 $ 64,040.45 $ 70,711.10 $ 124,711.30 SUBTOTAL $1,707,452.78 $1,754,145.35 $ 1,847,289.55 $ 2,021,234.54 $ 2,231,973.52 $ 2,386,683.98 CARTS: 18 HOLE CART $ 524,898.85 $ 503,235.06 $ 522,393.34 $ 628,999.18 $ 642,662.73 $ 689,389.71 9 HOLE CART $ 115,043.05 $ 113,347.71 $ 129,777.17 $ 141,755.92 $ 155,288.11 $ 161,541.25 SUBTOTAL $ 639,941.90 $ 616,582.77 $ 652,170.51 $ 770,755.10 $ 797,950.84 $ 850,930.96 DRIVING RANGE $ 122,758.80 $ 136,190.00 $ 145,406.00 $ 165,819.00 $ 162,453.50 $ 169,527.00 PULL CARTS $ 8,312.05 $ 7,709.03 $ 8,401.63 $ 5,253.72 $ 5,907.73 $ 7,116.59 SNACK BAR RENT $ 32,000.00 $ 33,951.58 $ 10,000.00 $ 22,500.00 $ 24,603.05 $ 25,500.00 GIFT CERTIFICATES $ (15,272.95) $ (18,992.99) $ (19,407.68) $ (7,441.03) $ (14,631.69) $ (16,713.70) CREDIT BOOK $ (813.46) $ 5,401.18 $ 5,047.24 $ 23,844.33 $ 17,770.80 $ 21,888.12 PRO SHOP SALES $ 274,388.99 $ 263,336.48 $ 187,201.63 $ 263,055.17 $ 287,110.34 $ 345,749.54 HANDICAP REVENUE $ $ - $ - $ $ - $ 12,940.00 SOLAR REVENUE $ - $ $ - $ - $ - $ 72,117.00 MISC. SALES $ - $ - $ - $ 6,223.27 $ 8,089.65 $ 4 155.75 SUBTOTAL $ 421,373.43 $ 427,595.28 $ 336,648.82 $ 479,254.46 $ 491,303.38 $ 642,280.30 TOTAL REVENUE $ 3,701,492.95 $ 3,789,303.18 $ 3,906,036.90 $ 4,292,273.80 $ 4,885,320.91 $ 5,301,566.61 CAPTAINS GOLF COURSE COMPARISON REPORT FISCAL YEAR THROUGH NOVEMBER (5 months ) FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 REVENUE MEMBERSHIPS: RESIDENTS - Early $ 17,980.00 $ 12,671.00 $ 23,112.00 $ 7,371.00 $ 480.00 $ 2,850.00 RESIDENTS - Morning $ (795.00) $ 3,340.00 $ (793.00) $ 3,390.00 $ 3,280.00 $ 2,970.00 RESIDENTS - Twilight $ 4,487.00 $ 5,432.00 $ 6,362.00 $ 2,808.00 $ 5,748.40 $ 1,080.00 CHARTER NON-RESIDENTS $ - $ - $ $ $ $ - NON-RESIDENTS $ 9,165.00 $ 10,454.00 $ 24,600.00 $ 2,804.00 $ 2,080.00 $ 6,495.00 NON-RESIDENT TWILIGHT $ 2,154.00 $ 3,108.00 $ 6,764.00 $ 2,800.00 $ 2,310.00 $ 2,136.00 COLLEGIATE $ 740.00 $ 945.00 $ 1,221.00 $ 1,221.00 $ 450.00 $ 450.00 JUNIORS $ 1.085.00 $ 388.00 $ 496.00 $ 584.00 $ $ 496.00 SUBTOTAL $ 34,816.00 $ 36,338.00 $ 61,762.00 $ 20,978.00 $ 14,348.40 $ 16,477.00 GREEN FEES: 18 HOLE GREEN FEE $ 994,736.34 $1,027,814.58 $ 1,305,898.58 $ 1,141,134.49 $ 1,208,506.56 $ 1,265,378.99 TWILIGHT GREEN FEES $ 109,239.20 $ 114,739.00 $ 173,574.88 $ 147,425.89 $ 152,118.50 $ 291,626.15 BACK 9 GREEN FEES $ 57,614.04 $ 67,424.00 $ 82,820.95 $ 116,261.25 $ 177,410.01 $ 28,232.00 ADVANCED RESERVATIONS $ 53,587.00 $ 52,210.40 $ 26,115.80 $ 34,354.25 $ 47,005.55 $ 83,874.55 SUBTOTAL $1,215,176.58 $1,262,187.98 $ 1,588,410.21 $ 1,439,175.88 $ 1,585,040.62 $ 1,669,111.69 CARTS: 18 HOLE CART $ 356,686.03 $ 353,733.94 $ 457,260.43 $ 439,332.91 $ 447,562.86 $ 457,010.90 9 HOLE CART $ 83,721.38 $ 88,132.75 $ 107,554.60 $ 96,430.10 $ 110,594.18 $ 107,374.23 SUBTOTAL $ 440,407.41 $ 441,866.69 $ 564,815.03 $ 535,763.01 $ 558,157.04 $ 564,385.13 DRIVING RANGE $ 81,463.00 $ 84,814.00 $ 120,166.00 $ 103,183.00 $ 94,367.50 $ 102,830.00 PULL CARTS $ 5,970.82 $ 5,369.79 $ 6,614.71 $ 3,218.78 $ 4,444.84 $ 5,075.06 SNACK BAR RENT $ 23,500.00 $ 23,500.00 $ 10,000.00 $ 22,500.00 $ 24,603.05 $ 19,500.00 GIFT CERTIFICATES $ (15,714.03) $ (15,153.77) $ (13,923.40) $ (8,853.05) $ (12,237.56) $ (13,217.88) CREDIT BOOK $ (3,864.62) $ 3,676.17 $ 5,564.11 $ 19,458.84 $ 14,310.74 $ 10,511.89 PRO SHOP SALES $ 170,163.21 $ 159,951.97 $ 148,025.93 $ 163,468.97 $ 161,293.35 $ 225,479.04 HANDICAP REVENUE $ - $ - $ $ - $ - $ 2,480.00 SOLAR REVENUE $ . $ - $ - $ - $ $ - MISC. SALES $ - $ - $ - $ 6,223.27 $ 4,298.56 $ 3,340.10 SUBTOTAL $ 261,518.38 $ 262,158.16 $ 276,447.35 $ 309,199.81 $ 291,080.48 $ 355,998.21 TOTAL REVENUE $1,951,918.37 $2,002,550.83 $ 2,491,434.59 $2,305,116.70 $ 2,448,626.54 $ 2,605,972.03 FY 2024 Projections by month REVENUES: Season Passes Green Fees Cart Fees Driving Range Pro Shop Revenues Restaurant Rent Solar Array Miscellaneous TOTAL REVENUES EXPENSES: Wages Operating Expenses Pro Shop Purchases Life Insurance Unemployment Health Insurance Medicare Compensated Absences Workers Compensation Retirement/Pension Liability & Property Insurance Transfer to Trust Contractual Obligations Indirect Costs Transfer to Capital Stabilization F523 Capital TOTAL EXPENSES SURPLUS/(DEFICIT) REVENUES: Season Passes Green Fees Cart Fees Driving Range Pro Shop Revenues Restaurant Rent Solar Array Miscellaneous Gift Certificates Credit Book TOTAL REVENUES EXPENSES: Wages Operating Expenses Pro Shop Purchases Life Insurance Unemployment Heahh Insurance Medicare Compensated Absences Workers Compensation Retirement/Pension Liability & Property Insurance Transfer to Trust Indirect Costs Transfer to Capital Stabilization Capital FY23 Capital TOTAL EXPENSES JUL AUG 12000 $ 6,000 510,661 $ 510,661 167,585 $ 175,565 28,507 $ 37,416 47,000 $ 40,000 8,000 $ 8,000 - $ $ 773,753 $ 777,642 170,600 148,899 26,400 712 31,091 26,050 20,000 16,000 296,705 82,000 21,000 33,000 211,619 350,000 1,434,075 (660,322) SEP 3,664 297,866 119,704 24,944 25,770 6,000 477,967 OCT 191,498 87,783 17,817 20,000 4,000 321,098 NOV DEC 63,833 31,921 7,127 10,000 2,500 115,380 35,039 21,278 7,980 1,782 4,000 JAN $ - 5 $ 21,278 $ $ 5,586 $ $ 3,563 $ $ 5,000 $ $ 5 - 5 - $ $ 35,427 $ FEB 204,606 21,278 3,990 3,563 2,000 235,437 5 170,600 $ 153,012 $ 133,666 $ 123,113 $ 112,561 $ 116,078 $ 87,938 $ 143,301 $ 116,432 $ 66,053 $ 59,336 $ 40,303 $ 40,303 $ 50,379 $ 24,000 $ 16,800 6 10,800 $ 4,800 $ 6,000 $ $ - $ $ 5 $ - $ - $ - $ $ $ $ $ 7,000 $ 9,000 $ 9,000 $ 9,000 $ 31,091 $ 31,091 $ 31,091 $ 31,091 $ 31,091 $ 31,091 $ 31,091 $ $ - $ - $ - 5 $ - $ - $ $ - $ - $ $ $ $ - $ $ - $ $ 5 $ - $ $ $ - $ $ 5 $ $ $ $ - $ $ $ $ $ $ $ - $ - $ - $ $ $ $ $ - $ $ - $ $ - $ - $ $ $ $ - 5 $ - $ - $ $ - $ $ - $ $ $ - $ 368,991 $ 317,335 $ 241,609 $ 225,340 $ 198,955 $ 196,472 $ 178,408 $ 408,651 $ 160,632 $ 79,488 $ (109,959) $ (163,915) $ (161,045) $ 57,029 $ MAR 457,355 42,555 6,384 3,563 20,000 1,500 531,358 119,596 79,487 9,000 31,091 239,174 292,184 APR 324,963 63,833 31,921 14,254 25,000 2,000 461,970 130,148 118,671 40,800 7,000 31,091 327,710 134,260 MAY 156,464 127,665 63,842 16,035 30,000 6,000 72,517 472,523 167,082 123,149 55,200 31,091 376,522 96,001 JUN TOTALS 38,514 $ 1,203,566 255,330 $ 2,127,754 95,763 $ 798,024 19,599 $ 178,171 45,000 $ 273,770 7,000 $ 45,000 - $ 72,517 461,206 $ 4,698,802 274,366 133,225 55,200 31,091 493,882 1,758,758 1,119,538 240,000 712 50,000 373,092 26,050 20,000 16,000 296,705 82,000 21,000 33,000 211,619 350,000 4,598,474 (32,676) $ 100,328 ACTUAL ACTUAL ACTUAL ACTUAL PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED PROJECTED JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN TOTALS $ 7,821 $ 2,240 $ 3,201 $ 3,215 $ - $ $ $ $ - $ - $ $ - $ 16,477 $ 597,856 $ 544,328 $ 290,237 $ 191,402 $ 45,288 $ $ $ $ $ $ $ - $ 1,669,112 6 189,993 $ 169,388 $ 104,856 $ 80,290 $ 24,933 $ $ $ $ $ $ - $ - $ 569,460 $ 41,370 $ 32,688 $ 14,808 $ 9,819 $ 4,145 $ $ $ $ $ $ $ - $ 102,830 $ 74,086 $ 64,117 $ 39,702 $ 31,274 $ 16,300 $ 5 $ $ $ $ $ - 5 225,479 $ - $ - $ - $ • $ 19,500 $ $ $ $ $ $ - $ - $ 19,500 $ $ - $ - $ - $ $ $ 5 $ $ 5 - $ - $ $ 3,270 $ 2,155 $ 15 $ 380 $ 5 - 5 $ $ $ $ $ - $ 5,820 $ (9,078) $ (2,356) $ 88 $ (2,738) $ 865 $ - 5 $ $ - $ - $ $ - $ (13,218) $ 469 $ 5,691 $ 1,265 $ 2,855 $ 232 $ - $ $ $ - $ $ $ - $ 10,512 $ 905,788 $ 818,252 $ 454,173 $ 316,497 $ 111,263 $ - 5 $ $ - $ $ 5 - $ 2,605,972 127,977 53,472 12,475 53 23,705 1,308 11,324 296,705 70,387 $97,404 164,274 101,993 21,136 53 23,705 6,000 211,619 350,000 878,780 157,194 110,768 36,360 53 22,308 326,683 145,423 115,269 18,697 63 23,007 21,000 323,459 $ 188,454 $ $ 30,249 $ $ 13,532 $ $ 50 $ $ 5 $ 23,007 $ $ 6,609 $ $ 1,550 $ $ 1,551 5 $ - $ $ - $ 5 $ $ $ $ $ $ 5 $ 5 $ 265,001 $ SURPLUS/(DEFICIT) $ 308,383 $ (60,528) $ 127,489 $ (6,962) 5 (153,739) $ 5 $ 5 S 783,321 411,752 102,200 271 115,731 6,609 8,858 12,875 296,705 70,387 21,060 211,619 350,000 2,391,328 $ 214,644 MONTH: I Nov -23 DATE 1 2 3 DAY WED THU FRI SAT 4 5 SUN 6 MON 7 TUE 8 WED 9 THU 18 12 44 I GUEST PLAY B-9 TWI-LT1 PP COMP OTHER TOT-GST 1 1 5 13 4 2 - 36 19 19 36 21 4� 7 1 80 6 3 10 11 12 13 MON 14 TUE 15 WED 16 111 181 SAT 16.1 19 SUN 39 , - 17 201 MON 6 21` TUE 5 - 13 22 WED 23 THU 241 FRI 64 25 SAT 3 26' SUN 18 271 MON 28 29 30 FRI SAT SUN 122 44 14 12 18 ' 2 32 ' 3 --- 21 1 - 32 3 30 - 133 i 8 5 - 7. 5 5. 5 4 ; 1 10 10 26 I 60 2 12 THU FRI 107 1 21 2 63 178 24 12 16 25_L 46 85 24 64 7 22 18 22 71 106 100 65 122 27 33 32 85 MEMBER PLAY B-9 TWI-LT _ TOT-MBR 1 9 32 19 - i 90 24 36 166 17 32 149 18 25 106 6 3 131 31 - 56� 27 5 65 1 - 33 26 41 152 125 - 38 163 49 12 10 71 GRAND TOTALS COMMENTS/WEATHER 33 Partly Cloudy, Cool, 45 deg 126 Windy, Cold, 47 deg 257 Sunny, 50 deg 315 Sunny, Nice, 62 deg 254 Sunny, 60 deg 159 Cloudy, 50 deg 85 Rainy, 55 deg 86 Sunny, Windy, 45 deg 35 _ Rain, 45 deg 215 _ Cloudy, 50 deg 341 Sunny, Windy, Coal, 48 deg 95 Sunny, Cold, 45 deg 68 - 13 81 31 3 22 56 50 - 58 108 83 34 - 117 93 Cold, 45 deg 126 8 63 197 TUE WED THU 1 3 25 31 93 62 34 8 9 48 7 26 126 - 5 67 4 17 55 72 Cloudy, Clod, 44 deg 133 Sunny, Nice, 50 deg 163 Sunny, Nice, 60 deg 282 Sunny, 61 deg _ 72 Misty, 55 deg 190 Sunny, 50 deg 111 64 18 8 61 35 86 5 8 58 11 3 23 13 5 34 67 71 167 1,284 1,732 1254 1996 21 23' 1721 1,255 2,201 TOTALS 627 I 40 Nov -22 6631 _ 193 Nov 21 701. 71 267 Nov -20 1,160 114 405' 0 82, 0 1 721 3,000 75 636 ! 1,461 s� 98 12 529 1 1,241 Nov -19 313 43 152 Nov -18 237 41 151 Nov -17 430 36 Nov -16 451 Nov -15 534 Nov -14 289 Nov -13 295 43 52 155 106 171 9 161 23 228 Nov -12 385 Nov -11 546 45 235 35 287 Nov -10 290 19 165 73 43 741 ' 1,598 2 99 42 743. 1625 14 126 897- 1,661 119 U 661 _ 1,321 53 693 1,386 45 840 { 1,503 1,016 1,861 73 - ' 547 -_-1,504 Nov -09 369 12 205. 22 79 Nov -08 346 27 157 21 82 Nov -07 277 36 Nov -06 646 60 Nov -05 599 81 Nov -04 469 54 152 36 102 Nov -03 504 73 Nov -02 369 Nov -01 429 Nov -00 373 80 101 55 288 13 ! 85 166 69 22 728 1,686 661 69 63 68 687 1,970 1,455 557 1,317 1,185. 2,116 1,234 1,916 1,710 879 1,802 146 770 1,693 150 1,128 2,339 74 Sunny, Cold, 40 deg 77.. Sunny, Cold, 42 deg Closed, Rain _ Closed, Thanksgiving 30 112 223 Sunny, Cool, 45 deg 6 12 20 Sunny, Windy, Cold, 34 deg 21 112 147 _ Sunny, Cool, 45 deg 31 100 108 Sunny, 52 deg 2 25 29 Cold, Windy, 36 deg - 21 21 Sunny, Cold, 38 deg 14 82 116 Sunny, 49 deg 8 1 289 524 579 516 2,537 3,821 2 Days Closed 279 2799 437 3,217 383 736 4,119 207 286 1,954 4,053 4,472 5,840 212 182 , 1,635 536 229 2,363 456 178 243 416 196 131 188 99 299 . _ 268 381 311 270 207 293 204 324 367 459 323 265 309 294 124 2,590 2,164 3,104 2,259 3,002 2,320 3,217 1,648 1,673 2,070 2,573 1 Day Closed 2,309 2,366 2,910 3,589 1,981 2,528 301 2,564 3,251 307 1,966 , 2,599 183 1,824 279 2,762 355 2,730 272 2,305 2,381 3,947 3,964 3,122 213 2,280 156 Z158 125 2,758 3,159 2,928 I 3,886 124 1,934 2,662 CALENDAR YEAR 2023 PLAY TOTALS Member Play % 83% 76% 79% 63% 50% 49% 42% 44% 18 hole green 152 186 GUEST Prepaids - - - 213 361 180 96 20 257 Back 9 w/mbr 95 60 PLAY Twilight green _ 53 76 99 371 Misc. 15 24 13 111 1,217 329 204 Guest Play 315 346 508 2,057 5,331 MEMBER 18 hole play 1,100 791 1,356 2,302 3,307 Back 9 play 285 212 385 730 1,086 PLAY Twilight play 138 101 149 433 864 1,926 2,325 1,965 1,450 1,207 516 -_ 11,074 7,407 10,569 11,480 Member Play 1,523 1,104 1,890 3,465 5,257 6,075 TOTAL PLAY Monthly Totals 1,838 _ 1,450 2,398 5,522 10,588 12,474 January February March 268 128 263 April 1,099 May 2,495 254 100 1,004 1,816 June 3,974 6,399 3,687 4,472 4,230 3,003 3,063_ 1,732 462 455 541 311 _ 559 289 July 6,228 5,309 3,272 2,239 627 - 115 176 110 3,209 2,777 1,242 1,092 9,852 7,252 6,736 4,764 17,104 _ 15,236 August 218 253 973 258 - 8,500 5,134 4,541 1,284 - 44,267 September 9,898 9,370 48% 52% 66% #DIVl0! October 141 96 4,829 November 36 40 1,437 323 - 12,062 2,537 - 45,432 46,543 52,823 48,648 3,821 - _ December - - TOTALS 25,849 1,304 3,615 29,043 5,315 89,699 51% 6,471 6,867 2,760 8,265 1,376 8,682 564 43,213 2022 25,465 1,650 30,465 8,671 7,995 89,756 52% 1,201 3,939 2021 26,122 1 40,903 36,110 34,259 93,726 84,758 56% 57% 3,240 4,728 2020 23,830 531 2,503 I 6,833 38,492 2019 22,138 [ 1,769 _ 2,344 6,082 2,591 34,924 26,234 5,425 73,416 52% 22,289 1 1,888 6,112 6,363 38,142 2018 2,032 3,932 36,253 25,608 6 171 74 395 51% 21,905 6,534 2,926 35,097 5,477 38,380 2017 1,907 1,825 26,477 6,426 73,477 52% 2016 23,902 2,357 1,809 6,595 4,206 38,869 27,309 7,663 5,577 40,549 79,418 51% 2,216 1,174 6,117 5,502 35,952 2015 25,318 3,435 38,260 24,845 5,605 74,212 48% 2,405 36,508 26,145 2014 23,422 929 5,885 3,867 5,975 3,932 36,052 72,560 500/, 49% 3,799 36,906 25,748 6,108 3,769 35,625 2013 23,220 2,438 1,138 6,311 - 72,531 2012 23,523 2,636 3,618 37,169 28,694 38,778 51% 1,231 6,161 7,121 2,963 - 75,947 2011 23,723 3,242 843 5,128 3,449 36,385 28,422 6,854 2,678 37,954 - 74,339 51% 20,652 3,442 37,603 73,364 51% 2010 3,180 878 6,594 4,457 35,761 27,379 6,782 22,986 26,929 6,107 3,160 2009 3,517 2,089 5,011 5,218 38,821 36,196 75,017 48% 5,816 6,959 5,918 38,874 2008 23,524 4,582 1,204 5,837 40,963 25,997 79,837- 49% 1,177 7,470 3,353 40,581 83,850 48% 2007 24,113 4,858 6,544 6,577 43,269 29,758 43,454 31,342 7,376 3,654 85,826 49% 50% 2006 22,099 7,080 1,485 5,828 6,962 42,372 11,948 2,162 4,601 6,404 7,270 4,869 41,018 2005 16,577 41,692 28,879 82,710 7,250 4,212 41,540 50% 2004 16,731 12,074 1,858 4,602 5,472 40,737 30,078 82,277 4,371 6,065 3,800 38,702 2003 17,168 12,342 1,912 5,397 41,190 28,837 79,892 48% 48% 5,482 30,641 7,111 3,205 2002 17,705 15,353 1,953 4,487 44,980 40,957 85,937 13,280 5,034 46,026 30,163 7,039 1,837 39,039 85,065 46% 2001 21,699 1,943 4,070 `14,082 3,480 2,382 40,710 28,967 4,375 2,879 36,221 2000 18,987 1,779 76,931 47% TOWN OF BREWSTER Brewster, Massachusetts 02631 (508) 896-3701 GOLF COMMISSION Minutes of November 14th, 2023 Commissioners Present: Andrea Johnson (Chair), John Kissida (Vice Chair), Rob David, Jim Juras, Anne O'Connell, Jay Paggi, and David Valcourt. Others Present: Jay Packett (Director of Operations), Colin Walsh (Superintendent), Susan Olin (9- Holers Association) THIS MEETING WAS VIDEO RECORDED. The meeting may be viewed at: https://reflect-brewster- ma.cablecast.tv!CablecastPublicSite/show17774?site=1 Andrea Johnson read the meeting participation statement and called the meeting to order at 4:00 p.m. Declaration of a Quorum — Seven Commissioners present which constitutes a quorum. Public Comment — No public comment Superintendent's Report (Colin Walsh) - Colin Walsh began by noting the onset of fall weather. He highlighted improvements in course conditions, mentioning the occasional frost delays and the need for caution during those times. The mowing of the golf courses had reduced, and the focus shifted to leaf cleanup, acknowledging the extended period for this task. Colin Walsh detailed ongoing projects, including bunker rebuilds on par threes and drainage work on hole 10 Port. He commended the maintenance team for their efforts, citing the effectiveness of the recently acquired Kubota backhoe. Updates on specific projects included a sinkhole repair on seven port and upcoming repairs to the cart paths. Colin Walsh mentioned the irrigation system blowout was rescheduled post -Thanksgiving, delayed due to compressor issues. He touched on safety and pesticide training programs, emphasizing the commitment to staying updated on regulations. Colin Walsh provided information on the Request for Proposal (RFP) for the well project and the finalized maintenance building study report, signaling progress on these fronts. A new piece of capital equipment, a rough mower, had arrived after a two-year wait, replacing a well-worn unit. Colin Walsh acknowledged the positive impact of such additions on staff morale. 1 In personnel updates, Colin Walsh reported on seasonal staff finishing their tenure and upcoming layoffs, along with the retirement of Jerry Hough, expressing gratitude for Hough's over 10 years of dedicated service. Director of Operations Report (Jay Packett) — Jay Packett started his financial report with an overview of the Budget Status through October. He pointed out that the current budget used was at 46%, exceeding last year's 40%. Notable increases were observed in diesel fuel and credit card expenses. Jay Packett expressed concern over the latter, as the budget couldn't be adjusted, and an increase in credit card transactions has incurred higher expenses. Jay Packett then provided a summary of the financial performance for October 2023. Increases were observed in pro shop sales, greens fees, and carts, contributing to an overall surplus of approximately $49,000. Pro shop sales played a significant role, rising by nearly $10,000. Jay Packett was optimistic about maintaining positive trends. Calendar year statistics were presented, showcasing substantial gains in membership revenue, greens fees, carts, and pro shop income. The overall surplus compared to the same period in 2022 amounted to $400,000. Moving to fiscal year totals, Jay Packett pointed out a surplus of about $90,000 in memberships. Greens fees and carts also demonstrated noteworthy increases, resulting in a grand total surplus of almost $142,000. Despite October's operating expenses exceeding projections due to pre -ordered maintenance supplies, Packett emphasized an overall fiscal year projected surplus of $268,000. The financial report concluded with Jay Packett noting a successful October in terms of play totals, with 9,307 rounds recorded —the second highest ever. Calendar year play totals reflected a substantial lead of 1,882 rounds compared to the same period in 2022. Jay Packett attributed these positive trends to the efforts of Colin Walsh and his team, expressing gratitude for their consistent hard work. Jay Packet then asked for any questions and comments on the financial data presented. Anne O'Connell raised concerns about the high percentage of credit card usage, prompting discussions about potential surcharges or incorporating fees into the overall cost structure. John Kissida and Rob Davis shared insights on existing precedents and alternative approaches, suggesting potential discounts for cash payments. Packett committed to exploring these options in collaboration with the town treasurer and the finance team. Business Manager Update — Jay Packett provided an update, stating that second -round interviews for the position were conducted with three candidates. The panel, consisting of himself, Peter, Donna, Mimi, and Susan (HR director), participated in the interviews. Following the meetings, they engaged in a discussion, and it was revealed that there would be further communication with the candidates during the week. While details were limited at the moment, Jay Packett expressed hope to share more information in the next meeting, indicating ongoing progress in the hiring process. Calendar of Events - Jay Packett presented the golf course's 2024 calendar events, highlighting key activities and tournaments scheduled throughout the year. The presentation covered adjustments like an earlier opening due to aeration considerations, hosting US Junior amateur qualifiers, and significant events in each month. A request to host an event for Women's Week on October 14th generated concerns among the commission members regarding it being Columbus Day weekend. The Women's Week golf tournament is part of the annual Women's Week festivities in Provincetown, scheduled for October 12th to 20th, 2024. The event aims to attract around 100 to 110 participants. The organizer specifically requested hosting the golf tournament on October 14th, coinciding with Columbus Day. Despite an 2 expressed preference for an alternative date, the organizer cited scheduling constraints. The decision was made to not host the tournament. The calendar discussion involved considerations for the schedule, potential adjustments, and the general approval of the presented calendar. Jay Packett presented the 2024 calendar events for the golf course. Notable points include: March 30: Opened 36 holes earlier than usual due to the calendar structure, starting aeration on April 1. April: Aeration scheduled for the second week. May 4th: Annual Martha White Tournament. June: Consideration for hosting US Junior amateur qualifiers on June 17. July: No association play in the first week, couples' championship on the 13th, and parent -child event on the 21st. August: Club Championship spans two weekends, 17th -18th being the busiest. September: CUDA Cancer Fundraiser on the day after Labor Day, Nine-Holer's Association Invitational on the 5th, and Captain's Invitational on the 7th -8th. October: Various charity events, with Columbus Day affecting the schedule. Member -Member moved to the weekend of the 26th -27th. November: Course closures for maintenance starting from the 4th, one course closed Monday -Thursday, both open Friday -Sunday. Discussion and possible vote on 2024 daily fees, cart fees and range fees (Andrea Johnson) — The Commission discussed tee time percentages. The current setup, with 50% members and 50% daily fee players on the member course and 25% members and 75% daily fee players on the second course, was considered effective. Jay Packett and the commission agreed on maintaining this ratio. A motion for the recommendation to keep the current tee time percentages was approved and would be presented to the Select Board for approval. Anne O'Connell then presented non-resident waitlist data, noting a decrease in non-resident members from 386 to 377. Despite this, she suggested allowing up to 25 new non-resident members for the next golf season. Discussions ensued regarding the decrease in non-resident memberships, strategies for handling unresponsive individuals on the waitlist, and potential adjustments to non-resident fees. Dave Valcourt proposed setting a target membership number around 1150 as a compromise for AFPs and daily fee players. The commission agreed to decide on non-resident memberships by the first meeting in February, with a motion to allow up to 25 new non-residents for the 2024 season being approved. Discussion of 2024 Membership rates (Andrea Johnson) - The focus then shifted to daily fees, with Anne O'Connell expressing reluctance due to the absence of an updated financial forecast. Jay Packett shared information about a meeting to update the five-year financial forecast for the golf course. John Kissida emphasized the importance of additional information, specifically average rounds played per category and cart usage percentages. The discussion touched upon the potential impact of fee increases on membership and the need for careful consideration to avoid discouraging golfers. Jay Packett provided insights into the rates charged by other courses in the area based on his research. The conversation delved into the need for revenue generation and the necessity of a balanced approach. John Kissida suggested gathering more data, such as the average number of rounds per category and cart usage percentages, to make informed decisions. Dave Valcourt advocated for a fiscally responsible approach, considering deferred maintenance, capital improvements, and the goal of having 20% of the budget as retained earnings. Andrea Johnson referred to Peter Lombardi's recommendation for a minimum 5% annual increase over the next five years. Dave Valcourt emphasized the importance of informing and explaining the decisions to the membership. The discussion expanded to projections of cost increases and the need for transparency in the budgeting process. Colin Walsh highlighted that significant capital items were included in the capital plan and Anne O'Connell acknowledged that as an enterprise fund, they had met the expectation by the State of retained earnings. The discussion concluded on potential adjustments to fee structures based on peak play times and the consideration of weekdays. John Kissida proposed 3 exploring ways to increase revenue during high -demand periods. The meeting was then quickly shifted to approval of a minutes as time was running short. Strategic Planning Updates (Commission) - None Questions and Comments from Associations and Liaisons: None Review and approve minutes (10/10 & 10/24) — Both 10/10 and 10/24 minutes approved with amendments. Future Agenda Items and Meetings (11/28 & 12/12) —Speaking on the maintenance building study was added to the future agenda for meeting on 11/28. Matters not anticipated by the Chair: - Andrea Johnson acknowledged the new requirement for more detailed agendas. She expressed that she had been informed the day before that stating "department heads giving us an update" would no longer suffice. Instead, detailed information had to be provided. Andrea Johnson mentioned the potential loss of the ability to provide general strategic planning updates. She indicated that she would be reaching out to request detailed information when seeking agenda items. The emphasis was on creating specific and informative agendas so that anyone looking at them would have a clear understanding of the topics to be discussed. Andrea Johnson also clarified that if a matter wasn't on the agenda, it couldn't be discussed during the meeting. A motion to adjourn was made - Motion was approved and the meeting was adjourned. 4