President's Letter

President's Letter ~ November 15 2019

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November 15, 2019 Dear Members, Sadly, the time has come to assign our beloved golf course to hibernation for the winter. The recent snow has left us no alternative but to close early much to the chagrin of players like myself who willingly play in all types of weather. As we face the reality of the cold weather closing in on us, I wish to give you an update on our Long Range plan along with various other happenings around the club. I am pleased to report that on the financial front, the club continues to do well. As the year draws to a close, operating results look favourable for the period. Likewise, the overall Net Contribution for the year is very good, bolstered by the $705,000 in Initiation Fees collected this year which is approximately $155,000 better than budget. The Capital Budget for 2019 finished off in a favourable position due to projects coming in better than budget or being deferred to future years. I have been asked a number of times if we will continue our House minimums during the construction period. Considering that next year we will have limited facilities available, we have agreed to suspend minimums from February 1st to July 31st 2020. At the October 24th Board meeting we had a healthy discussion regarding the upcoming Capital budget and I am pleased to advise you that the Board has allocated funds for the construction of a new washroom near the 15th tee. Our goal is to have the project completed by the fall of 2020. The new washroom will also include a water and ice dispensing facility. While the Board intends to also replace the washroom near the 4th green, it was felt this project would have to be deferred particularly in light of other projects currently underway. Construction on the golf course is moving along at great clip. Holes 17 and 18 have been rough graded with all the tees, the fairway and the pond taking shape. Our course architect, Doug Carrick, has signed off on the rough grading so now we are awaiting the Irrigation team to finish their work. Unfortunately, the confluence of recent wet weather and snow has conspired against us. While we hope for the best, there is a possibility that we may not be able to sod the new golf holes this fall as it looks very likely that the sod farms will not be able to cut new sod for the balance of the year. Despite these construction setbacks, I am pleased to tell you that the golf course construction project is on budget. You may have also noted that we have completed considerable work around the course on the forward tees. We now have newly built tees on holes 1,3,4,5, and 7. Thankfully we were able to apply sod before the snow arrived, so they should be ready for play early next season.

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