2012 annual member meeting 02222012
TRANSCRIPT
2012 Annual Members Meeting
February 23, 2012
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
2011-2012 Board of DirectorsTerry Furhovden -
PresidentBob Bonner - Vice
PresidentJim Ward - TreasurerBob Boudreau -
SecretaryIke Eikelberner Jim MerrittDave Gray Tom
StitchberryAl Greenwood
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
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.
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.
Beach ClubPAVILION
◦Bathrooms ◦Snack Bar Area
PARKING LOT
◦Purchase and Sales Agreement
General Manager’s Report
Our Facilities & Future PlanOur Management Team
• Fitness• Beach • Restaurant • Enrichment Center
• General Philosophy & Focus
Management TeamFitness & Spa Center
Cathy Moschetto
Enrichment CenterDaniela Jacob
Beach ClubDawn Manzoni
AccountingDenise Gloer
RestaurantBenjamin SchadScott St.John
GM’s Management Philosophy & FocusCost ControlPersonalized ServicesCommunicationsFellowshipContinued Enhancement
of Services and Facilities
The Commons Club at the Brooks, Inc.
Treasurer’s Report
2011 Results2012 BudgetSupplemental Purchase
PriceCapital Funds 2011
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)
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
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)
2011 Dues Allocation
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
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
CAPITAL PROJECTS
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
2012 CAPITAL PROJECTS
Renovation Rosie’s Dining RoomRenovation Nest AreaNew HVAC UnitsNew Fitness EquipmentNew Esthetician EquipmentSeal Coat Parking Lot
Total $217,000
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
2012 Board Election Results
Member Question & Answer