2019 Crown Colony Annual Meeting April 4, 2019

CHESTER ABELL – PRESIDENT OPENING REMARKS CHESTER ABELL – PRESIDENT

AGENDA WELCOME AND OPENING REMARKS – Chester Abell, President 2018-2019 Overview Introduction of BOG, Committee Chairs, Management The Strength of Our Club – Membership Food and Beverage Golf and Greens 2019 Financial Update Planning for Our Future – Sources and Uses of Capital 2019-2020 Board Introduction Questions and Answers

Board of Governors Chester Abell - President Joe McLaughlin – Vice President Peter Doyle - Treasurer Mike Arnold - Secretary Rich Croce – 3 Year Term Expiring Tom Ging Dick Thompson Joan Miceli – Resigned (January 2019) Bob Kincaide – Resigned (February 2019)

Crown Colony Committees Finance Committee Peter Doyle, Chairperson House Committee Rich Croce, Chairperson Activities Committee Joan Miceli, Chairperson (Resigned, January 2019) Greens Committee Mike Arnold, Chairperson Golf Committee Dick Thompson, Chairperson Membership Committee Joe McLaughlin, Chairperson Communications Committee Bob Kincaide, Chairperson (Resigned, February 2019) Long Range Planning Mike Arnold, Chairperson Ad-Hoc Committee: By-Laws/Membership Plan/Insurance Tom Ging, Chairperson **President is Ex-offico of all Committees

Crown Colony Management Team Rudy Lanza General Manager Derek Henson Financial Controller Jay Howard Golf Course Superintendent Tim Knowles Director of Golf Brenda Lanza Membership/Catering Director Anthony Fedorka Executive Chef Mike Trimmer Dining Room Manager Jason Brandyburg Maintenance Manager

The “Key” To Our Club’s Success Our Members

Membership Statistics 2019 2018 Full Golf Members 252 268 Sports Members 36 23 Social Members 50 49 Non Dues Social 33 35 Total Membership 371 375 Intro Golf Members 16 5 Intro Sports Members 2 Total Intro Members 21 7

Membership 2018-2019 Season Strongest Introductory Membership Participation in recent years Current Focus on Intro Member Conversion New Marketing Strategies Facebook Mass Mailing Partnering with Sanibel Captiva Chamber/Fort Myers Beach Chamber Developing New Introductory Program for 2019-2020 Season Non-Refundable Conversion Program Until June 1st,2019 Flexibility to change classifications Avoids long term wait when resigning from Club

Food and Beverage

Food and Beverage Full Staffing Level in back of the house New Dining Room Manager has resulted in stability in Front of House Operations Renovated Dining and Grill Room has received favorable review Plan to update outside Patio Furniture For Fall 2019

Greens and Golf

Greens and Golf Excellent Course Conditions 2019-2020 Projects Great Aesthetics Completed New “Red Tees” 2019-2020 Projects Firming up the Fairways Ball-Mark Repairs Plan to address the Wet Areas Between #8 and #9 Total Golf Rounds – 2018; 28,482 – 2017; 28,914 Q1’19 additional 1300 Golf Rounds over ‘18 2019-2020 Golf Event Calendar Available April 30,2019 New USGA Rules were effective January 1,2019 New Local Rules handouts will be available soon for distribution

2019 Financial Update

2019 Financial Update Fiscal Year 2018 - Unaudited Profit before Depreciation of $36K compared to budgeted $29K Profit Loss After Depreciation of -$279k compared to budgeted loss of -$258K First Quarter of 2019 tracking to Budget; Annual budgeted Profit before Depreciation $15K Q1 ‘19 Projected Financial Results (Before Depreciation) Actual Budget Var F&B ($91K) ($85K) ($6K) Golf ($91K) ($117K) $26K Admin $383K $387K ($4K) Total Profit $201K $185K $16K

Planning for Our Future Sources and Uses of Capital

Projected Uses of Capital Total Projected Capital Spend 2019 2019 Capital Plan Sources of Capital Forcasted Capital Account Balance - 12/31/2018 $ 110,000 Sale of Memberships selling 9 (50%of initiation fee) $ 117,000 Refunds Paid ( 3 Paybacks Resulting in net 6) -$ 75,000 Membership Installment Payments $ 98,000 Capital Dues(500 FG, 300 SP, 200 Soc) $ 145,200 Total Capital Available $ 392,200 Projected Uses of Capital Total Projected Capital Spend 2019 $138,000 Ending Balance 12/31/19 $ 254,200

Long Term Plan Projected Capital Requirements 1-5 Years $1.2M - $1.5M

2019-2020 Board of Governors .

2019-2020 Board of Governors New Board Members Sharon Grabek Ken Robinson Dave Larson