2012 annual member meeting 02222012

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2012 Annual Members Meeting February 23, 2012

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Page 1: 2012 Annual Member Meeting 02222012

2012 Annual Members Meeting

February 23, 2012

Page 2: 2012 Annual Member Meeting 02222012

2012 Annual Member Meeting

Agenda1. Welcome 2. President’s Report

Membership Beach Club

3. General Manager’s Report Introduce Management Team Team Management of Facilities and

Services General Philosophy and Focus

4. Treasurer’s Report 2011 Results 2012 Budget Capital Projects Supplemental Purchase Price

5. Questions/ Comments from the Members6. Board of Directors Election Results7. Adjournment

Page 3: 2012 Annual Member Meeting 02222012

2011-2012 Board of DirectorsTerry Furhovden -

PresidentBob Bonner - Vice

PresidentJim Ward - TreasurerBob Boudreau -

SecretaryIke Eikelberner Jim MerrittDave Gray Tom

StitchberryAl Greenwood

Page 4: 2012 Annual Member Meeting 02222012

ADVISORY COUNCILCopperleaf: Mary Ann Pitts

John MorleyLighthouse Bay: John Gaffney

Tom GainesShadow Wood: Kay Philp

Greg Lewis – ChairSW Preserve: Bill PetrarcaSpring Run: Carol

McConnellRudy King

Page 5: 2012 Annual Member Meeting 02222012

PRESIDENT’S REPORT MEMBERSHIP 2/20122/2011

◦ GOLD 1,500 1,515◦ SILVER 100 88◦ BRONZE 673 665◦ NON RESIDENT 65 94 TOTAL 2,338 2,362

Gold memberships limit reduced from: 1,800 to 1,575.

Page 6: 2012 Annual Member Meeting 02222012

Beach Club Some of our Little Hickory

Island neighbors are opposed to beach clubs.

These neighbors are actively working with Bonita Springs staff and elected officials to limit our use of the beach.

We have retained an attorney to work through the ordinances with the City.

Page 7: 2012 Annual Member Meeting 02222012

Beach ClubPAVILION

◦Bathrooms ◦Snack Bar Area

PARKING LOT

◦Purchase and Sales Agreement

Page 8: 2012 Annual Member Meeting 02222012

General Manager’s Report

Our Facilities & Future PlanOur Management Team

• Fitness• Beach • Restaurant • Enrichment Center

• General Philosophy & Focus

Page 9: 2012 Annual Member Meeting 02222012

Management TeamFitness & Spa Center

Cathy Moschetto

Enrichment CenterDaniela Jacob

Beach ClubDawn Manzoni

AccountingDenise Gloer

RestaurantBenjamin SchadScott St.John

Page 10: 2012 Annual Member Meeting 02222012

GM’s Management Philosophy & FocusCost ControlPersonalized ServicesCommunicationsFellowshipContinued Enhancement

of Services and Facilities

Page 11: 2012 Annual Member Meeting 02222012

The Commons Club at the Brooks, Inc.

Treasurer’s Report

2011 Results2012 BudgetSupplemental Purchase

PriceCapital Funds 2011

Page 12: 2012 Annual Member Meeting 02222012

Income Statement - 2011

ACTUAL BUDGET VARIANCE

Revenues $3,723 $3,682 $42

Cost Of Goods Sold 504 566 (62)

Gross Profit $3,219 $3,116 $104

Expenses

Compensation $1,729 $1,598 $131

Other Operating Expenses 1,221 1,191 30

Loan interest & Principal 129 135 (6)

Capital Reserve 216 216 0

Net income ($76) ($24) ($51)

Page 13: 2012 Annual Member Meeting 02222012

REVENUES000’s ACTUAL BUDGET VARIANCE

DUES $2,257 $2,279 $(22)

ADMINISTRATION 20 3 17

ROSIES 740 631 109

FITNESS 517 437 80

BEACH 23 21 2

SOCIAL 166 310 (144)

TOTAL $3,723 $3,681 $42

Page 14: 2012 Annual Member Meeting 02222012

Income Statement - 2011

ACTUAL BUDGET VARIANCE

Revenues $3,723 $3,682 $42

Cost Of Goods Sold 504 566 (62)

Gross Profit $3,219 $3,116 $104

Expenses

Compensation $1,729 $1,598 $131

Other Operating Expenses 1,221 1,191 30

Loan interest & Principal 129 135 (6)

Capital Reserve 216 216 0

Net income ($76) ($24) ($51)

Page 15: 2012 Annual Member Meeting 02222012

2011 Dues Allocation

Page 16: 2012 Annual Member Meeting 02222012

Balance Sheet – 12/31/11

000's

Assets

Current Assets $1,739

Property, Plant and Equipment 9,583

Deposits 31

Total Assets $11,353

Liabilities and Equity

Current Liabilities $2,293

Long Term Debt 0

Equity 9,060

Total Liabilities and Equity $11,353

Page 17: 2012 Annual Member Meeting 02222012

2012 Budget000’s

2012 Budget

2011 Actual VARIANCE

Revenues $4,055 $3,723 $332

Cost Of Goods Sold 641 504 137

Gross Profit $3,414 $3,219 $195

Operating Expenses

Compensation $1,844 $1,729 $115

Other 1,219 1,221 (2)

Loan Interest & Principal 135 129 6

Capital Reserve 216 216 0

Net income $0 $(76) $76

Page 18: 2012 Annual Member Meeting 02222012

CAPITAL PROJECTS

Page 19: 2012 Annual Member Meeting 02222012

2011 CAPITAL PROJECTS

Interior Painting Enrichment Center & Fitness

New flooring Enrichment Center, Fitness, Rosie’s

Locker Room Renovation New Fitness Equipment Beach Restroom Renovation Beach Umbrellas Beach Gate/Restroom Security Upgrade Hurricane Shutters New HVAC Units Outdoor Speakers Seal Coat Parking Lots Paver Repair

Total of $310,000

Page 20: 2012 Annual Member Meeting 02222012

2012 CAPITAL PROJECTS

Renovation Rosie’s Dining RoomRenovation Nest AreaNew HVAC UnitsNew Fitness EquipmentNew Esthetician EquipmentSeal Coat Parking Lot

Total $217,000

Page 21: 2012 Annual Member Meeting 02222012

Supplemental Purchase Price

Beginning Balance January 15, 2010 $618,550

Bonita Bay Group credit (50,000)

New Member Joining Fees 2010 & 2011 (457,819)

December 31, 2011 Balance $110,731

Page 22: 2012 Annual Member Meeting 02222012

2012 Board Election Results

Page 23: 2012 Annual Member Meeting 02222012

Member Question & Answer