Page 17 - JUNE - Ladies BGG FINAL Web V1_Neat

As you may have already noticed, capital spending is well underway for the season. Almost a third of approved 2018
spending had taken place by the end of April. This is not to be unexpected as we want to ensure our Course, facilities and
Member administration systems is tip top for the season. Capital expenditures to date total $140,000 with investments in
new drainage on the greens on holes 5 and 7, tree removal and pruning, masonry and interlock repairs, exterior painting,
building repairs, new clubhouse carpet, new GG Golf tee sheets, and new green cutting equipment to improve green
consistency across the course.

When extraordinary opportunities or emergencies arise and unbudgeted capital dollars are needed, the General Manager
documents the rationale, options, and estimated costs( based upon quotes), and seeks the approval of the Finance
Committee and the Board based upon our policies. A 2018 opportunity was the investment in the water and ice dispenser
adjacent to the Clubhouse. A 2018 emergency was the breakdown of the sewage pump earlier this year which required
immediate refurbishment. In both instances, the unbudgeted spending was modest and will be funded from savings in
other capital areas.
Overall and, in conjunction with Member committees, senior staff work to ensure that total capital spending stays within the
approved capital budget. In this way, we are able to ensure that Ladies’ finances are managed in a prudent way that aligns
with approved budgets.

A big thanks this month to Alicia who is helping with the articles this year.

Yvonne and Alicia

JUNE 2018 | 17