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When extraordinary opportunities or emergencies arise and unbudgeted capital dollars are needed, the General Manager
spending had taken place by the end of April. This is not to be unexpected as we want to ensure our Course, facilities and
Committee and the Board based upon our policies. A 2018 opportunity was the investment in the water and ice dispenser
Member administration systems are tip top for the season. Capital expenditures to date total $140,000 with investments
painting, building repairs, new clubhouse carpet, new GG Golf tee sheets, and new green cutting equipment to improve
the approved capital budget. In this way, we are able to ensure that Ladies’ finances are managed in a prudent way that
Overall, and in conjunction with Member committees, senior staff work to ensure that total capital spending stays within
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
As you may have already noticed, capital spending is well underway for the season. Almost a third of approved 2018
documents the rationale, options, and estimated costs( based upon quotes), and seeks the approval of the Finance
in new drainage on the greens on holes 5 and 7, tree removal and pruning, masonry and interlock repairs, exterior
A big thanks this month to Alicia who is helping with the articles this year.
Yvonne and Alicia
green consistency across the course.
aligns with approved budgets.
other capital areas.
Investing in Outstanding
Golf and Facilities
Main Items Utility vehicle and trailers, walking flex mower brushes Roof tile repairs, exterior/interior paint, garden, carpet Tree removal and pruning, drainage, paving, sod and sand Security system, computer and phone hardware and software systems, website, building repairs Interlock repair, backshop accessories, signage, GGGolf system Prior year commitments for golf carts, cutting equipment and club truck JUNE 2018 | 17

Yvonne Bland FINANCE COMMITTEE, CHAIR 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 any unsp

revenues from prior years. replacement. Category Maintenance Equipment Clubhouse Course & Grounds Administration Golf Shop and Halfway House Leases 16 | BEAUTY, GRIT & GRACE