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Lockwood Folly
Country Club
Quarterly Meeting
April 22, 2010
4 PM- POA Clubhouse
Agenda
• CALL TO ORDER 4:00 PM
• WELCOME-PRESIDENT
• VICE PRESIDENT’S REPORT- DON BREWER
• TREASURER’S REPORT- DAVE NOTTER
• GROUNDS REPORT- CHARLIE ROLAND
• HOUSE REPORT- ED KLOSOWSKI
• MARKETING REPORT- JAN KELLEY
• GOLF REPORT- MYRNA ROBINSON
• MEMBERSHIP REPORT- SHARON VAN DUSEN
• CLOSING REMARKS- PRESIDENT
• DISCUSSION AND QUESTIONS
• ADJOUNMENT- 6:00 PM
Email Survey
• 36 Responses
• Course condition 100% Excellent/Good
• Staff helpful 100% Excellent/Good
• Tin Cup Experience 95% Excellent/Good
• How did you find Lockwood?
– Friend told me 13
– Coupon 2
– Golf Group 5
– Internet 7
– Other 14
Food & Beverage
• Tin Cup departure Oct 31, 2010
• F&B Restructure Committee
– Jon Peters
– Dave Notter
– LeRoy Knopfle
– Mike Newland
• This is both an opportunity and a challenge.
Food & Beverage Minimum
• A food and beverage service is a
requirement to continuing golf
operations.
• The food and beverage minimum
was established to assure that
LFCCI had a viable Food and
Beverage Service to offer members,
guests, and outside play.
• This requirement remains!
Treasurer’s Report
1st Quarter Income Affected by:
• Cold Temperatures
• Rain
• Snow
• Economy
0
10
20
30
40
50
60
70
80
90
1 5 9 13 17 21 25 29 33 37 41 45 49 53 57 61 65 69 73 77 81 85 89
Jan-Mar Temp- Supply, NC
Actual High Temp Normal High Actual Low Temp Normal Low
Results for 3 Months 2010
Jan-Mar 2010 Budget $ V Budget % V Budget
Income
Outside Play 88,425 134,540 -46,115 -34.3%
Members 239,481 241,182 -1,701 -0.7%
Non-Equity Members 7,369 4,072 3,297 81.0%
POS & Other 20,349 11,350 8,999 79.3%
Total Income 355,624 391,144 -35,520 -9.1%
Expense
Pro Shop 49,925 53,857 -3,932 -7.3%
Grounds and Greens 142,995 154,425 -11,430 -7.4%
Administration 41,974 42,827 -853 -2.0%
Marketing 6,812 11,270 -4,458 -39.6%
House 6,234 6,090 144 2.4%
Membership 0 0 0 #DIV/0!
Interest Expense 7,987 7,920 67 0.8%
Special Projects 10,050 0 10,050 #DIV/0!
Total Expense 265,977 276,389 -10,412 -3.8%
Net Operating Income 89,647 114,755 -25,108 -21.9%
Depreciation & Amort. 41,910 42,000
Net Profit 47,737 72,755
1st Quarter Historical View
Mar-10 Mar-09 Mar-08 Mar-07
Income 355,624 414,825 403,317 436,215
Outside Play 88,425 134,371 118,933 163,287
Members 239,481 262,066 256,752 250,515
Expenses 265,976 312,573 309,247 290,517
Pro Shop 49,925 46,303 52,919 64,623
Grounds/Greens 142,995 152,690 162,152 148,614
Net Income 89,648 102,252 94,070 145,698
January-March Rounds Played (9 and 18 Holes)
2010 2009 2008 2007
Members 3414 4276 4824 4503
Package 288 626 942 1815
All Other 2338 3402 2234 2309
Total 6040 8304 8000 8627
Balance Sheet Selected Items
3/31/2010 12/31/2009 3/31/2009
Cash 243,037 224,207 288,369
Long Term Debt- BB&T Loan 988,509 1,014,767 1,100,822
Redemptions Payable 458,750 494,357 435,307
Total Equity 502,286 476,722 707,330
Balance
Interest
Rate %
Long Term Debt- BB&T 988,509 LIBOR + 2.25
Line of Credit- BB&T 62,000 3.5
SBA Loan 78,475 4.0
Total 1,128,984
Grounds & Greens Report
• This was a long cold winter. The fairways are
looking good and the rough is now growing.
The fairways weren’t mowed all winter.
• The cold weather and the long wet period we
had damaged the first three greens.
• The extended period of wet damp weather
adversely affected greens 1, 2, and 3. There
was no drainage and the overseed died off.
• This leads me into what we’re doing to alleviate
this problem. It has been proven that poor drainage
has a real negative affect on greens. We
contracted Innovative Drain Technologies to locate
the drains. They use a type of radar to locate the
lines. I’m sure you noticed several holes around
the greens. In some cases we repaired drain lines
and extended some to lower ground.
• We’ll be installing ports which will enable the drain
lines to be blown out.
• We’re installing new style sprinkler heads around
the greens to distribute the water more evenly.
• The heads we’re replacing will be used on the
fairways.
• We’re doing all we can to extend the life of our
greens. They are old and wearing out.
• The MGA donated $650 for the purchase of the
landscaping stones in front of the back white tee on #2.
• Sweat equity preformed the work.
• Jim Bowers got the first course laid out perfectly level.
Rich Modrowski, Bob Morris and Ernest Worley then
pitched in to finish the job.
• The wall really looks great.
• May 18 and 19 we be aerifying the greens.
• We had a real short term part time employee. We hired
him and fired him all in one week. He neglected to set
the brake on one of our work carts and left it run into
the pond on hole #15.
• It’ll cost us about $400 in parts plus Jim’s labor.
• I need to make a point pertaining to our Tree
Management Program.
• We do not arbitrarily take trees down with out
reason.
• Our job is to grow grass. Trees and southern grass
are not compatible. Some greens and tees were
shaded and we couldn’t grow grass on them. Also
as the course got older the small trees grew into
big trees and made the course very tight and not
player friendly. We cut back many limbs that were
hanging over playing areas and removed some of
the trees.
• Large trees drink around fifty gallons of water a
day. This takes a lot moisture from the grass.
• We place a lot of value our trees, they’re a very
important part of the golf course and community.
• We sprayed herbicide on the rough to kill off winter
weeds. We also just fertilized the tees and greens.
• Replaced sand in the traps at #13 green.
• We’re replacing sod around the edges of some of the
traps where foot traffic destroyed the turf.
• I feel we’ll have a course that’s going to be in great
shape this summer.
House Report (2)
THANKS TO
• C.Roland - Providing plumbing help fixing the leaking
water fountain and replacing the toilet seat in the 13th restroom.
• R.Kleinbauer - Clean and paint the patio furniture replaced the
rotted siding and repaired the door frames at the half way house
repaired the fan cover in the ladies room at the half way house
• G.Gisel - Installed the wall mounted TV's in the clubhouse
Repaired the ceiling in the ladies locker room
• I Anthony - Donated the wall mount for our new flat screen TV
• T.Taraska - Repaired the stairway handrail in the clubhouse.
Programmed the TV remotes
House Report (3)
• S.VanDusen & B.Platukis - Landscaping
• M.Manor - Power washed the patio deck.
Weeded the vines from the Pro Shop hedges
• B.Washburn - Painted the patio floor
• J.Galletto & J.Fahey - Recovered the cushions for the
wicker chairs in the clubhouse
• J.Platukis & J.Johnson - Cleaning ,painting some of our
signs
• J.Kelley - Seating arrangement in the Pro Shop
House Report (4)• Chairs - Dining room chairs were disassembled ,frames
cleaned and repainted, seat and back covers removed,
disassembled, and new covers made and all reassembled .
With Sweat Equity from
Russ Kleinbauer
Russ Mavis
Beecher Washburn
Don Nelson
Rich Modrowski
Jan Kelley
Gene White
Dorothy Regnier
Jon and Dee Peters
Marketing Report
Marketing Committee
Jan Kelley - Chairperson
Mike Newland,
Frank Webster,
Larry Schreiber,
Sandi Emerson,
Laura Botto,
John Briggs
Print Media
• Beach Times Magazine - Oak Island Accommodations -
new 2010 additional publication May 2010 (20,000 mag.
circulation -$20 coupon insert)
• Visitors Guide Magazine - publication May 2010 -- $20
coupon insert
• Monster Coupons booklet - March 2010 (1,650,000 books
distributed) --- $20 coupon insert
• ATMC phone book/ full page ad - June 2010 - new buy
• Brunswick Isles Golf Trail Magazine
• Wilmington Star News - Saturday ad w/coupon -- (2)
different -12 weeks schedules -directed at "locals" with
coupons.
Coupons
• $20 coupons - newly printed & distributed to realtors,
lodging and retail locations - Sunset Beach, Ocean Isle, Oak
Island
• $6 coupons - Wilmington & Myrtle Beach -selected locations
.
• Yellow Questionnaire card in pro shop - collect email
addresses - receive $5 coupon towards future golf
• (Pro Shop tracks each coupon received by golfers)
Internet
• Weekly email blasts - Senior Cards - Grand Strand, GSGA,
VIP
• Lori's Golf Shoppe reciprocal E-Blast to 7,000 + customers -
offering golf w/Tin Cup $4 coupon
(in return Lori's sent her ad to our list)
Future trades to follow if possible
Bill Boards
• 2 of 5 Anne Arnold/Century 21 bill boards being renewed.
– Holden Beach Road & Oxpen
– Sabbath Home & Stone Chimney Road
• Negotiating contracts for Hwy 17 at Pisgah Road
• Advertising for new lessees for 1/2 boards at 211 & Stone
Chimney
• Goal with billboards - rebuild rental income level via 1/2 rental
leases to fund billboards
• Billboard @ Lewis Auto on Hwy 17 facing south just
before Hardee's.
– We own this board and new boards cannot be erected on
17. Hardee's desperately wants to share our newest "full"
board ad to capture traffic coming from the north.
– *will replace vinyl and install at their cost each of our
half board ads
– *will rent the space on a yearly contract which will cover
Lockwood Folly's costs per year.
– This will allow us to add a possible additional full board
coming from the south on 17th that is coming available in
May and would direct traffic onto Main Street in Shallotte or
Red Bug Road.
Bill Boards
Golf Report
First Annual “DJ” Dale Clemmons, Jr.Golf Tournament
Lockwood Folly Country ClubMay 1, 2010
All of the committees have meet and have their plans well under
way. There will be a meeting of ALL volunteers on Monday April
26, 2010 at 9:00 in the POA club house. Doug Wilburn and his
committee are working on our doing the advertising. On
Tuesday the Star News mentioned us under their Sports
Calendar. Radio station 105.9 are doing an add. They also will
be broad casting from Lockwood Folly. ATMC is posting
information on their calendar.
Jill Notter and Myrna Robinson Co-Chairman
Committee ChairmanRegistration – Jan Kelley
Halfway House – Cheryl Washburn
Parking – Charlie Roland
Shuttle – Rich Botto
Hospitality – Betsy Pepe and Ann Wilburn
Raffle – Marlene Kleinbauer
Putting Contest – Tim Taraska and Mary Knopfle
Cart owners & Sponsors – Russ Kleinbauer
Driving Range – Susann Thompson
Beautification – Sharon Van Dusen
Lockwood Information – Sharon Van Dusen
Sheriff – Reggie & Dianne Sandoval
Fishing – Dave Suter
Face Painting – Diane Perry
Photographer – Don Brewer
Moon Bounce – Donna Geise
Publicity – Doug Wilburn
We have 120 volunteers who signed up to help. There are four
teams from Lockwood that have signed up to play. If anyone would
like to play let Jill or I know. You do not have to have a full team; we
will be able to pair you.
Food Service
The Tin Cup will be open all day for purchase of food and beverage.
At 2:00 the Golden Corral will serve food and beverages from the
POA Club House. Only volunteers, sponsors and players and special
guest are welcome in the hospitality area by the pool. Anyone in the
community who is not a volunteer and would like to eat may do so for
$10.00 a plate.
Raffle & PrizesThere will be a Duke basketball signed by the 2010 NCAA Champion
Coach Mike Krzyzewski. Also 1 Remington o/u shotgun 12ga. –Dale
Clemmons. This raffle will be $5.00 per-ticket and will last until May
31, 2010.
Hole in One (one on each par three)
Ford Ranger XLT for hole in one – Jones Ford
Trip – to St. Thomas -Jones Ford & Dale Clemmons
Trip to the Bahamas – Jones Ford
Week-end in Pinehurst- Jones Ford
Raffle
Marlin 22 Magnum Rifle – Dale Clemmons
1 Remington o/u shotgun 20ga. – Dale Clemmons for players only
(3) Gift Certificates for a green fee from Magnolia Greens
$20.00 Gift card –Sonja’s Grill
$10.00 Gift card – Purple Onion
(2) $30.00 gift card for oil change
Pool Cue – The Game Room
ParkingOnly sponsors and players will be able to park in the clubhouse
parking lot. If you are a volunteer please get a ride to the club house
or ride your bike, walk, etc. Outside guest will be able to park along
the entrance road into Lockwood and be shuttled to the club house.
Other notesThe pool and tennis court will be closed until late afternoon on May 1,
2010.
Because of Children’s Miracle Networks commitment to keep funds in
the communities where the money is donated, the money raised by
the Golden Corral from April 1-May 31 will benefit approximately 100
Children’s Miracle Network hospital across the country. Funds raised
here at Lockwood Folly and in Wilmington’s Golden Corral at Monkey
Junction will benefit Duke Children’s Hospital in Durham, the local
Children’s Miracle Network Hospital.
Membership Report
• Members of Committee
Bob Morris,
Joy Buchholz,
Tony Regnier,
Marta Webster,
Don Perham,
Karen Manor,
Gene Esposito,
Ron Wilson,
Deb Worley.
Accomplishments• Notebook in Pro Shop when information packets given out,
person signs name address and phone number so that follow
up for potential interested persons.
• On Web site under membership Icon, now trial memberships
is also incorporate to view with my name and number.
• Bulletin Board in Lobby has information about trial
membership.
• First 9 hole scramble held on Friday April 16th for potential
members. 14 Individual invitations sent out with a poster place
on Sea Scape's bulletin Board. Attended by 3 potential
members, follow up appointments pending. No response from
anyone at Seascape.
• Updated information with Anne Arnold, If complimentary round
given to prospective buyers in Lockwood, name and all
information has to be included with sales person's name for
follow up.
FUTURE PLANS
• Presentation to Brick Landing on Thurs. May 15 at 1 P.M.
about membership. Hopefully the trial membership will be an
option for them at the present time until they know what is
going to happen to their course. A Complimentary 18 holes
of Golf will follow presentation. 5 tee times reserved, starting
at 2 P.M.
• Information table on day of Children's Miracle Tournament set
up with information on course and membership.
• Discussion of having a booth in October at Days At The Dock
to entice and spread information about Lockwood Country
Club to the full time members of Holden Beach.
• After presentation at Brick Landing will try for a presentation
at Palmetto Dunes over on 211.
Thanks
• I wish to Thank my committee for the
great response for the couples
scramble and all the hard work in
trying to meet our goals.
Sharon Van Dusen Chairman
President’s Closing
Remarks• Tin Cup Rumor(s)
– Fired
– Raised rent so they would quit
– Member petition
– Had another vendor
– Etc.
• Tin Cup Fact(s)– Renee and Dennis made decision
– Board made offer with new contract
– Renee made counter offer
– Board and Renee working on details
– Committee formed to look at long range and business models
– No offer(s) made to outside vendors
– No offers made to individuals
– Timeline is still finite
Presentations
• Officers
– *President (Jon Peters)
– *Vice-President (Don Brewer)
– *Treasurer (Dave Notter)
– *Secretary (Mary Ward)
• Committee Reports
– *House (Ed Klosowski)
– *Grounds & Greens (Charlie Roland)
– *Golf (Myrna Robinson)
– *Marketing (Jan Kelley)
– *Membership (Sharon Van Dusen)
