Page 16 - JUNE - Ladies BGG FINAL Web V1_Neat

Extraordinary opportunities

Yvonne Bland
FINANCE COMMITTEE, CHAIR

Investing in Outstanding Golf and Facilities

Last month we provided background on the Club’s 2018 operating budget including sources of revenue and types of
operating expenses. This month we focus on our 2018 capital budget. We open the season with an approved capital budget
that was developed during last year’s budget process with input from the General Manager and from key department
managers, as well as drawing from the 10-year capital plan that identifies scheduled capital expenditures. Capital available
is derived from New Members, entrance fees, Capital Replenishment fees and prior year’s remaining operating profit.
An outstanding golf and clubhouse experience relies on continued investment in assets that will generate income for Ladies’
well into the future. This year, an estimated $454,000 will be invested in equipment, course and grounds improvements,
building upgrades, technology, and related items. How are these capital spending priorities selected? There are three broad
criteria that apply – health and safety, state of good repair, and “nice to have” items. Consideration is also given to optimizing
course playability, improving efficiency in operations, and impact on Member satisfaction.

In addition, we have in a reserve $200,000 towards the Clubhouse Roof which still continues to keep us dry with minimal
replacement.

The six broad categories of spending in the 2018 capital budget are summarized in the table below.

Category Approved 2018 Budget Main Items

Maintenance Equipment $34,000 Utility vehicle and trailers,
walking flex mower brushes

Clubhouse $85,000 Roof tile repairs, exterior/
interior paint, garden, carpet

Course & Grounds $65,000 Tree removal and pruning,
drainage, paving, sod and
sand

Administration $106,000 Security system, computer
and phone hardware and
software systems, website,
building repairs
Golf Shop and Halfway $45,000 Interlock repair, backshop
House accessories, signage, GGGolf
system
Leases $119,000 Prior year committments for
golf carts, cutting equipment
and club track
$454,000

16 | BEAUTY, GRIT & GRACE