1. 2016 Annual Stockholders Meeting
monday, February 29, 2016

2. Board of Directors Kent Williams, President Larry Todd, Vice President
Mary Lou Skinner, Secretary
David Lohr, Treasurer
Lisa Berry
Adam Chesson
Joe Howe
Tom Purinai
Clint O’Hara
Jerry Woodard, Ex-Officio

3. Staff Reid Hill, General Manager & Golf Professional
Craig Clemmer, Assistant General Manager &Golf Course Superintendent
Kim Clark, Tennis Professional
William Tew, Interim Executive Chef
Becky Roberson, Special Events Coordinator
Jody Barnes, Controller
Shelia Kehaya, Membership Coordinator
Dorothy Strahley, Marketing Coordinator

4. 2015 Review
Reid hill

5. 2015 Highlights
Effectively reduced sales and use tax and liability, due to embezzlement, by $20,000. Remaining balance will be paid in full by December 2016.
Take-Away Tuesdays were a success
Monthly Free Lessons on Range
Junior Wellness Program
The Men’s 18 and over 3.5 NTRP adult team, the Women’s 55 and over 3.5 NTRP senior team, and the Men’s 18 and over 7.5 NTRP combo doubles team all won the Coastal Plains League titles. All went on to compete in the State Championships.
Many new ladies golf programs.

6. Dues & Initiation Fees

7. Principal Payments

8. WCC Long Term Debt Bank Debt BB&T Term Note 16 $106,404.62
WCC Investors
$482,000
Cornerstone Bank
$933,221.80
BB&T Note 14
$1,202,532.96
Total Debt
$2,724,159.38

9. WCC Long Term Debt

10. Membership Levels as of Dec. 31st
Membership Increase
Membership Resign
Membership Category
2012
2013
2014
2015
Resident 31 6 15
Non-Resident 1
Associate 1 23 4
Associate 2 14
Associate 3 11 3
Single
Tennis/Pool/Social 12 9
Tennis Only
Legacy
Legacy Social
Senior
Senior Dining
Senior Social
Preview 21
Regional
Corporate
Membership Category
2012
2013
2014
2015
Resident 11 18 12
Non-Resident 3 1
Associate 1 5 9
Associate 2 2 6
Associate 3 4
Single 8
Tennis/Pool/Social 19
Legacy
Senior Social
Senior
Preview
Senior Dining
Regional
Tennis Only

11. 2016 Recruitment Credits
Our new recruitment credit structure is here! To receive this credit, sign as the new member's sponsor on their application. The structure is below. There is no limit of how many members you can recruit! Recruit 10 Resident Members and receive $5,000 in credits! This is an opportunity you do not want to miss! -New Resident, Single, Regional or Non Resident Member: $500 one time credit -New Associate or Tennis/Pool/Social Member: $300 one time credit -New Senior or Senior Social: $200 one time credit -New Corporate Member: $750 one time credit If you know someone who is interested, please have them fill out our application and send it to the Administrative Office.

12. 2016 Departments’ plans NC Golf Panel to visit in May.
Take-Away Tuesdays will continue while changing/improving menu items members enjoy
Experimenting with new preemergants for better control of weeds, especially goosegrass.
Spring facelift for tennis courts. New lines, annual resurfacing, some new nets and net posts painted on composition courts.
Continue work with Bayer Environmental’s new chemistry to ensure continued success with nematode control.
Working on implementing new lunch time specials and or company style catering items for continual membership value and sales.
Vertidrain greens.
Addition of a junior round robin to the complimentary Junior Tennis Clinic & Pizza Party
New Junior Programs
After School Program
Golf & Tennis Academy

13. Capital Account & Projects
Projects Done in 2015
Projects Planned in 2016
Project
Price
HVAC Accrual of Cash
$35,666
Replaced 40+ year old cast iron aluminum piping in lower level of Clubhouse
$13,500
Golf Course Irrigation Pump Shaft
$6,500
Re-strapping Pool Chairs (35)
$3,000
Chandelier Repaired
$700
Repair to Golf Maintenance Shop
$7,500
Repair of Partition Walls
$2,000
Replace Pump & Intake Screens on Pump Station and Jockey Pump
$13,400
Total:
$82,266
Project
Price
HVAC Accrual of Cash
$24,000
Replace Drive Computer for Irrigation Pump
$7,500
Chiller Replacement
$90,000
Pool Repairs
$12,000
Outside Chandelier Replace
$600
Total:
$134,100

14. Capital Needs Identified: 2016-2020
Project
Cost
Replace all Carpet
$56,000
New Chandeliers & Sconces
$10,000
Boiler Replacement
$7,334
Chiller Replacement
$90,000
Replace Siding & Trim on Maintenance Building
$22,000
Walk In Freezer Compressors
$7,500
Dining Chairs
Banquet Chairs
$15,000
Maintenance Building Repairs to lot
$6,000
Kitchen Equipment
$16,000
Swimming Pool Pump House
$4,000
Irrigation Repair
$8,000
Tennis Court Lift
$40,000
Range Ball Dispenser
$12,000
Estimated Income from Capital Fee Per Year: $90,000 (at $15.00 per month)

15. Election results of bod slate

16. Board of Directors Slate
Jeff Bass
Mike Sargent
Cecil Bradley

17. Old business/New Business

18. adjourn