Minutes of the Lake Wildwood Golf Committee Meeting on December 17, 2007

Approved January 15, 2008

I.         This special meeting of the committee was called to order by Doug Dorfmeier

             at 9:00 a.m.

II.        Roll Call

            A.        The following members were:

                        1.         Present: Linda Campbell, Doug Dorfmeier, Ed Lauchner, Bob Martin, Duane Mayfield, and Diana Mortara.

                        2.         Absent: Frank Chilberto, Michael Byrne, Maddie Graham.

            B.        The following liaison personnel were present: Bill Haushalter, Jim Knight, Don Streseman, and Ken Wolford.

            C.        The following guests were present: Bob Martin, Chuck Murphey, Gary Turzak, and Tom Watson.

III.       New Business - 2008 - 2009 Fee Schedule

            A.        Jim Knight - Described the process of setting the fee schedule and the current financial picture.

                        1.         The Golf Superintendent proposes the maintenance budget for the coming fiscal year. The Golf Professional proposes a fee schedule designed to produce revenue to match the maintenance budget.

                        2.         We are still five months before the end of the year, but there is a real possibility that this year we may see our first loss, i.e. revenue not equaling maintenance costs.

                        3.         Chuck Murphey stated that the number of annuals purchased is significantly fewer that in 06-07 and total rounds of play may be down 3%. He is estimating a deficit of at least $60,000 and has hypothesized that the 2008-2009 annual may need to be raised to $850 and cart fees raised to $315.

Discussion - A question was asked as to whether or not we should survey golfers to determine why play is down and why fewer annuals were purchased.

            B.        Bob Martin - Using 06-07 Lake Wildwood Association play statistics and an analysis provided by Chuck Murphey, it was shown that the 06-07 and 07-08 revenues would be under budget. A scenario was presented in which annuals were eliminated and all member golf was paid for across the counter with 9 hole rounds costing ½ of 18 hole rounds. The results showed that, using 06-07 play statistics, the budget for 07-08 would be met with a 9 hole fee of $8.14 and an 18 hole fee of $16.27.

Discussion - There was a very negative reaction to this proposal for various reasons, not the least of which was the increased cost to high round players.

            C.        Chuck Murphey - Presented an alternative plan with a single annual for a limited number of rounds of golf; when one had reached the plan limit then subsequent rounds would be paid for across the counter.

Discussion - This also was reviewed negatively as unfavorably affecting high round players.

            D.        Doug Dorfmeier - Presented a four tiered approach with three different annual prices, the first two of which offered limited golf and the third unlimited.

                        Discussion - Jim Knight suggested that all interested parties communicate concrete proposals to him on or before December 26. He will attempt to distill them into a plan which he might take forward as his annual budget proposal and will present this at a subsequent special meeting of the Golf Committee. This was agreed to and the next meeting is scheduled for Friday December 28 at 9:00 in the Cedar Room, or other available facility.

IV.      Adjournment - The meeting was adjourned at 11:00 a.m.