February 7, 2015 Welcome to the Indian Creek Recreation Club Annual Meeting!

AGENDA  Survey Results  Review of 2014 Financials  Present 2015 Budget  Membership  Pool Manager  Officer/Board Members  Vice President and 2 general board positions open  Introduction of new officers and board members

2014 Survey Results ? How does the Indian Creek Recreation Club meet your needs: Exceeds: 9.52% Meets: 76.19% Does not meet: 12.7% No opinion: 1.59%  My family enjoys the pool and other activities. Sense of community, accessibility, perfect for our family's needs I like getting together with friends at the pool; clean and safe environment.  Would like better organized events and events that build community  Pool is a relaxing place to be. Community asset, treasured resource  We Listened!! We are adding new social events, including kids and adult parties, to the 2015 summer calendar! Your ideas and leadership and are encouraged!

? In this past season, how much time did you and your family volunteer to help with the Indian Creek Recreation Club? Volunteered this year: 71.67% Did not volunteer this year but have in the past: 5% Did not volunteer: 23.33% Thank you for volunteering!

? The Community Service Fee (CSF) was established to encourage members to volunteer to help with the Rec club opening/closing the pool and with all the activities throughout the season. If the CSF is eliminated, would you still volunteer to help with the REC Club each season? Yes, would increase: 5.26% Yes, remain the same: 54.39% No, but would make optional contribution: 24.56% No, only volunteer for CSF refund: 15.79%  I do not think you eliminate the CSF hours. I think volunteerism would drop dramatically if the CSF was abolished. I think the increased CSF was too high this year however.  **CSF is a great incentive. We don't feel we would make the initiative to volunteer if it wasn't there.  We Listened!! We heard a lot of negative feedback to the increased CSF fee and have reduced the fee for the 2015 pool season.

? The Initiation Fee (formerly the Capital Contribution) was established to provide a way for the REC Club to build a capital fund to be used for major repairs and improvements. During the last three years, the initiation fee was waived to increase memberships. Since the membership declined the past 2 years, this appeared to have no impact on new memberships. To rebuild the capital fund, the board may not waive this fee for 2015 and after. Did the initiation fee impact your decision to join the pool? Yes: 17.46% No: 34.92% Tell us More: 47.72%  We paid the $200 fee. It was a lot, but clearly the pool needs the money more than ever.  Hampden pool is just up the road. It's bigger, newer, better equipped. The initiation fee will drive people there instead of keeping them at our pool.  The officer/board voted not to waive the initiation fee for 2015.

? There are several membership categories tat are available to join the REC Club each season. Do these membership categories meet your needs? Yes: 72.58% No: 27.42%  Out of neighborhood members should be able to do a social membership.  Why are there so many different types of memberships? Shouldn't it be in neighborhood and out of neighborhood? Or like Hampden does wtih the number in your family?  Include extended family members in the membership fees - why pay extra for visiting family? We Listened! Many members have asked for an Out of Neighborhood social membership. We are adding the membership category to the 2015 season.

? Did you attend any of the social functions offered this past season? Memorial Day: 68.09% Bon Fire: 38.30% 4 th of July: 25.53% Dive In Movies: 10.64% Club Grills: 74.47% Kids Parties: 21.28% Adult Parties: 6.38 %  The fees for these functions have kept us from attending. We already pay dues to join the Rec Club  Liked Terrific Tuesdays, 31 Party and Club Grills.  A lot of neighbors were very upset that the July 4th Club Grille was cancelled.  A majority of 2015 Pool Season Events have been scheduled and will be communicated to all members. Your ideas and leadership are appreciated!

ICRC 2014 SEASON FINANCIALS & 2015 BUDGET

BUDGET & ACTUALS CATEGORY2014 Budget2014 Actuals % Notes Pool Expenses$20,485.00$20,325.53(0.8)Baby pool repair and new pump $7,485 Maintenance/Repairs$9,200.00$6,336.70(31.1)Cancelled Lawn Service as of August 1 Utilities$8,700.00$8, Water main break and leak in the big pool Office Expenses$1,700.00$1,677.62(1.3) Insurance$1, $1, Payroll & Taxes$25,500.00$27, Misc. Expenses$0.00$10, Installation of playground Total Expenses$67,085.00$77, Membership Dues$31,000.00$34, CSF$6,500.00$4,219.00(35.1) Concessions$3,200.00$2,215.76(30.8) Special Events$12,000.00$4,657.85(61.2) Swim Lessons$2,500.00$2, Guest Fees and Rentals$1,600.00$1, Miscellaneous$0.00 $1, Total Revenues$56,800.00$51,614.33(9.1) NET INCOME/(LOSS)($10,285.00)($25,507.38)(148.0) 2014 FINANCIALS

BANK ACCOUNT BALANCES 2014 Starting Balance Metro Bank Checking (Operating Acct) $ 8, Metro Bank Savings (Reserve Acct) 4, Playground 10, TOTAL$ 24, Ending Balance Metro Bank Checking (Operating Acct) $ 5, Metro Bank Savings (Reserve Acct) 3, TOTAL $ 8,273.18

2015 PROPOSED BUDGET EXPENSES2014 Actuals2015 Budget % Notes Pool Expenses$20,325.53$8,500.00(58.2)2014 included high pool repairs Maintenance/Repairs$6,336.70$3,500.00(44.8)No lawn service, targeted repairs Utilities$8,745.03$5,950.00(32.0)2014 water bill was high due to leak Office Expenses$1,677.62$1,105.00(34.1) Insurance $1,710.00$1, Payroll & Taxes$27,344.18$19,450.00(28.9)Reorganization of pool management Misc. Expenses$10,982.65$500.00(95.4)2014 included playground installation TOTAL EXPENSES$77,121.71$40,805.00(47.1)

REVENUES2014 Actuals2015 Budget%Notes Membership Dues$34,016.87$34,000.00(0.0) Initiation Fee$2, CSF$4,219.00$4,000.00(5.2) Concessions$2,215.76$2, Special Events$4,657.85$2,500.00(46.3) Swim Lessons$2,923.00$2,000.00(31.6) Guest Fees and Rentals$1,892.00$1,800.00(4.9) Miscellaneous $1,689.85$500.00(70.4) TOTAL REVENUES$51,614.33$49,300.00(4.5) SUMMARY Total Expenses$77,121.71$40,805.00(47.1) Total Revenues$51,614.33$49,300.00(4.0) NET INCOME/(LOSS)($25,507.38)$8, PROPOSED BUDGET

 Membership for 2015  Incentive Plan  Out of Neighborhood Social Membership  Membership Goals  IN Neighborhood Family $275  INN Head of Household/Adult $210  INN $110  Out of Neighborhood Family $310  Out of Neighborhood $190 If we meet the above numbers, we will exceed budget by $200

Pool Manager Life Guard Certified 20 Hours active lifeguarding 10 Hours Management Responsibilities

Announcement 2015 Officer and Board Members