1. 02-16-2016 CCCC Annual Membership Meeting

2. Coosaw Creek Country Club
Annual Meeting Agenda 02/16/16
Call to Order & Welcome: Judy Hair
BOD Vacancies
Candidate Introductions / Vote: Judy Hair
General Manager’s Report: Mike Benner
Financial Report: Bill Moore
Election Results: Judy Hair
Q&A: Membership & BOD
CCCC Annual Membership Meeting 2 2

3. Coosaw Creek Country Club
BOD Election
Vacancies - Terms Completed
Rick Jones
Tonya Martin
Bill Moore
2016 Candidates
Bill Cattorini
DD Duke
Rick Jones
Tonya Martin
Bill Moore
Marion Phillips
Sonya Routhier
Lonnie Stith
Stephen Walker
CCCC Annual Membership Meeting 3 3

4. Coosaw Creek Country Club
BOD Election
Please make certain your ballot has been turned in at this time.
CCCC Annual Membership Meeting 4 4

5. Coosaw Creek Country Club
General Manager’s
Report
Mike Benner
CCCC Annual Membership Meeting 5 5

6. Coosaw Creek Country Club
General Manager’s
Report Topics
2015 Operational Summary
2015 Financial Summary
Repair & Maintenance Projects List
Membership Survey Results
2016 Budget & Goals
CCCC Annual Membership Meeting 6

7. Coosaw Creek Country Club
2015 Operational Summary
Membership Report
Golf Course - Greens Resurfacing Project
Weather Challenges
Rounds Played Data
Food & Beverage Utilization
Member Events, Promotions & Communications
CCCC Annual Membership Meeting 7

8. Coosaw Creek Country Club
2015 Financial Summary
Actual vs Budget
Revenues $2,953, $2,924,486
COGS $381, $360,056
Labor $1,045,235 $1,059,590
Expenses $1,391, $1,436,115
COI $134, $68,356
CCCC Annual Membership Meeting 8

9. Coosaw Creek Country Club
2015 Facility Improvements
Non-Capital Expenditures - $149,000
Course Greens Resurfacing
New Practice Mats at Driving Range
Painting of Club Areas (Restroom, Scoreboard, Pool, Patio & Bag Drops)
Concrete Cart Path Repairs
Tree Removal & Landscape Improvements
New High Top Table & Chairs
Upgrades to Maintenance Equipment (Lease Expense)
New Fleet of Club Car Golf Carts w/ GPS (Lease Expense)
CCCC Annual Membership Meeting 9

10. Coosaw Creek Country Club
Facility Improvements
Capital expenditures - $0
All repairs and improvements classified as maintenance expenses
Audit of financials will once again be conducted by Hyland, Rudy & Garbett
CCCC Annual Membership Meeting 10

11. Coosaw Creek Country Club
2015 Survey Results Overview
Detailed Results available on Website
Overall Club Satisfaction Levels – very positive
Support for:
Maintaining Current Service Levels & Amenities
Improvement/Upkeep of Existing Facilities and Infrastructure (not new ones)
Hosting Outside Events & Banquets (w/ minimal member displacement)
Desire to avoid:
Assessments
Taking on New Debt
New Additions/New Amenity Projects
Substantial Dues/Fees Increases
Club Going “Private”
CCCC Annual Membership Meeting 11

12. Coosaw Creek Country Club
2015 Actual vs Budget
2015 Actual vs Budget
Revenues $2,953, $3,121,734
COGS $381, $381,959
Labor $1,045,235 $1,125,096
Expenses $1,391, $1,384,871
COI $134, $229,808
CCCC Annual Membership Meeting 12

13. Coosaw Creek Country Club
2016 Goals
Exceed 2016 Plan – Again!
Maintain Current Cash Flow
Continue Expense Controls
Identify & Manage Facility Upkeep & Repairs
Reduce Long Term Debt
Maintain Established Service Levels
Maintain Member Satisfaction Levels
Continue Collaboration Efforts with the POA
Retain Management Team
CCCC Annual Membership Meeting 13

14. Coosaw Creek Country Club
Financial Overview
Bill Moore
All 2015 Financial Numbers are unaudited
CCCC Annual Membership Meeting

15. Coosaw Creek Country Club
2015 Financial Statement
YTD Actual
YTD Budget
TOTAL CLUB REVENUE
2,953,363.95
2,924,486.00
TOTAL COGS
381,711.43
360,056.00
TOTAL LABOR
1,045,235.29
1,059,959.00
TOTAL EXPENSE
1,391,425.20
1,436,115.00
TOTAL COI (EBITDA)
134,992.03
68,356.00
Depreciation
114,530.04
131,004.00
Interest Expense
32,744.37
49,200.00
Interest Revenue
(603.38) -
Amortization
733.80
744.00
Net Income
(12,412.80)
(112,592.00)
Mortgage Principal
146,479.64
Capital Expense
Equity Refunds
59,000.00
48,000.00
State Taxes
Federal Taxes
Cash To Account
(102,628.60)
(174,720.26) 15 15

16. Coosaw Creek Country Club
2015 Assets
Current Assets
Cash
1,399,983
Allowance for Doubtful Accts
(78,382)
Merchandise
41,861
Inventory
26,968
Prepaid Deb/Escrow
136,530
Prepaid Other
9,594
Prepaid - Federal Taxes
5,236
Total Current Assets
$ ,541,790
Property and Equipment
Land
1,053,413
Buildings
522,946
Improvements - Capital & Bldg
1,232,523
Equipment - Course & Kitchen
754,431
Furniture, Fixtures & Equip
203,605
Loan Costs
19,079
Accumulated Depriciation -
Land, Building & Equipment
(1,007,484)
Accumulated Amortization
(6,910)
Total Property and Equipment
$ ,771,603
Total Assets
$ ,313,393
CCCC Annual Membership Meeting 16 16

17. Coosaw Creek Country Club
2015 LIABILITIES AND CAPITAL
Total Current Liabilities
$ 1,553,010
Long Term Liabilities
Notes Payable
1,375,331
Capital Lease - Club Car
246,073
Capital Lease - Toromaster
24,947
Paid In Capital
693,000
Total Long Term Liabilities
$ 2,339,351
Total Liabilities
$ 3,892,361
Capital
Paid in Capital
(59,000)
Retained Earnings
493,345
Net Income
(13,313)
Total Capital
$ ,032
Total Liabilities & Capital
$ 4,313,393
CCCC Annual Membership Meeting 17 17

18. Coosaw Creek Country Club
2015 Five Year Plan
2016
2017
2018
2019
2020
Club Revenue
$3,121,734
$ 3,156,616
$ 3,196,036
$ 3,236,225
$ 3,277,197
COGS
$381,959
$382,600
$383,250
$383,900
$384,550
Labor
$1,125,096
$1,136,347
$1,147,710
$1,159,188
$1,170,779
Operating Expense
$1,384,871
$1,398,240
$1,411,742
$1,425,380
$1,439,153
Club Op Inc (EBITDA)
$229,808
$239,429
$253,334
$267,758
$282,715
Depreciation
$120,000
Interest Expense
$33,175
Interest Revenue
$-603
Amortization
$744
Est. Taxable Income
$76,492
$86,114
$100,018
$114,442
$129,399
CCCC Annual Membership Meeting 18 18

19. Coosaw Creek Country Club
2015 Five Year Plan
2016
2017
2018
2019
2020
TOTAL COI (EBITDA)
$229,808
$239,429
$253,334
$267,758
$282,715
Interest Expense
$33,175
Interest Revenue
$-603
Mortgage Principal
$143,005
Capital Expense
$48,000
Equity Refunds
Cash To Account
(Subject to Taxes)
$ -37,599
$ -27,978
$ -14,073
$ 351
$15,308
CCCC Annual Membership Meeting 19 19

20. Coosaw Creek Country Club
CCCC Annual Membership Meeting 20 20

21. Coosaw Creek Country Club
Cash Balance
Dec $1,076,389
CCCC Annual Membership Meeting 21 21

22. Coosaw Creek Country Club
Dec. 2015
Jan.
Feb.
Mar.
Apr.
May
Jun.
July.
Aug.
Sep.
Oct.
Nov.
Dec. 2016
$1,076,389
$1,036,756
$968,461
$898,930
$847,882
$810,457
$750,633
$697,095
$619,794
$574,080
$527,998
$485,872
$1,037,309
CCCC Annual Membership Meeting

23. Coosaw Creek Country Club Past Due Accounts
YEAR
60 Days
90 Days
120 Days
TOTAL
2012
$4,968.66
$3,930.32
$78,840.17
$87,739.15
2013
$6,181.01
$5,336.82
$49,326.48
$60,844.31
2014
$3,677.56
$2,012.83
$49,287.41
$54,977.80
2015
$6,072.30
$1,929.55
$33,084.34
$49,647.52
CCCC Annual Membership Meeting 23 23

24. Coosaw Creek Country Club
Newly Elected Board Members
Voting results
CCCC Annual Membership Meeting 24

25. Coosaw Creek Country Club
Question/Answer Session
Please approach microphone with questions
You can also send your questions to:
CCCC Annual Membership Meeting 25