Page 59 - VCC 2022 Capital Plan New

Valdosta Country Club

10 Year Operating and Capital Projections

18 hole Full Renovation

Assumptions and Points of Clarification

PAGE 1 – 10 Year Operating Projections

• Dues Revenues increase beginning 2022 as per plan

• Prepaid dues reduction reflects 25 members participating
• Golf Shop revenues dropping in 2022 reflect attrition

• Golf Shop revenues drop in 2023 reflect Bellemeade and Bottom closure
• Restaurant revenue drop in 2022 reflects attrition

• Administrative increase in 2024 reflects New GM Position or increased staffing as
dictated by membership growth and Clubs needs
• Golf Course increases in 2023/2024 reflect increased staffing and equipment needs
PAGE 2– 10 Year Capital Projections

• Capital Assessments in 2022 reflects attrition

• Member contributions in 2022 reflects Prepaid memberships and other member contributions
• Capital Dues (Monthly) reflects annual Capital dues collected per plan

• Initiation fees reflects membership growth plan

• 18 hole full Renovation Expense is captured in 2022 and 2023
• Renovation Budget in 2026-2031 reflects a placeholder for future capital improvements

• Long Term maintenance is budgeted at 100k/year beginning in 2025 as part of overall capital
strategy

• Grand Total Cash Flow reflects cumulative cash from operating and Capital

• Bank Debt is anticipated to have been reduced to $1 million dollars +/- at YE 2031
• Reimbursement from renovation account of 400k reflects operating shortfall driven by golf

course ramp up expenses, attrition, and prepaid dues expense