President's Letter

President's Letter - April 2018

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April 12th, 2018 Dear Members, Although you would never know it based on the weather, spring has arrived and Dean Baker and his crew are well into the preparation of the course for our upcoming season. I toured the grounds with Dean and Jeff Lockhart earlier in the week and am pleased to report that we wintered very well. Although still dormant, our turf is in good shape and winter damage is minimal. Following several days of minor cleanup, our grounds crew began the "course opening" protocol this past Wednesday. Under normal conditions, approximately 2 weeks of maintenance are required before the course can be opened, but according to Dean, all we need now is some heat! This is the one major ingredient required for grass, especially for our greens to start growing and it is the biggest determining factor as to when we will open for play. At this point we cannot commit to an opening date but we will reassess after this weekend and as soon as we know we will keep you apprised. During the winter Dean and his crew completed all the scheduled projects. Most notable to members will be the removal of the overgrown brush along the shoreline south of the 17 th fairway. By significantly changing the look and keeping with the original design of the hole, we have re-established the infinity edge characteristic of the fairway and have restored the magnificent view of both the water and the bay. While many members are looking forward to the start of golf, others are just a week away from the end of another very successful curling season. With a total of over 600 members curling remains as strong and vibrant as ever and is a significant contributor to the overall success of our club. The season was not without its challenges however. Fluctuations in temperature and inconsistent weather patterns have made it increasingly difficult to install and maintain high quality ice. To address this issue, construction will begin soon to replace and enhance the insulation properties of our curling roof. This work along with other initiatives to improve thermal efficiency will be completed over the summer, well in advance of the start of next season. Our thanks and appreciation to Wayne Gratton, Karen Powell and the entire curling team for their excellent work over the past year and best wishes to our Head Ice Technician Craig Bancroft who is retiring after 10 years of service. As we begin our 2018 golf season, I am pleased to report that the overall "State of the Union" at our club remains very strong. We are once again at membership capacity as we have welcomed 25 new shareholder members. Our YTD financial performance is ahead of target and our initiation revenues are ahead of plan by 190K. These strong financial results have contributed to an increase in our cash balance and as stated at this year's AGM, our intent is to apply our excess cash against our long-term debt obligations later this year.

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