1. Welcome Members & Volunteers

2. Lake Carroll Association 2018 Preliminary Proposed Budget

3. Introductions Board Members Finance Committee Members
Steering Committee Members
Committee Volunteers
Staff

4. Today’s Presentation #1 The Three Pieces of the 2018 Budget
The Operating Budget
The Fee Schedule
The Fixed Asset Budget
Global Budget Summary
Q&A #1

5. Budget Development Relative to LCA Mission & Vision
(LCA) will fund and manage the amenities to ensure that the four season, recreation-oriented community is maintained and enhanced, . . .
The primary means of funding will be membership dues and revenues generated by the sale of products and services. #2

6. How Annual Assessments are Distributed
1 – Dollars for Operating ($2,431, %)
The day-to-day operational needs
2 - Dollars for Fixed Assets ($1,025, %)
i.e., equipment replacement, large capital projects and future needs (Reserves). #3

7. 2018 Preliminary Proposed Operations Budget#4

8. Recent Dues History
DPE’s Collected , , , , , , , P 2,172 DPE’s Budgeted for ,150 Dues Increase Needed to cover reduction of DPE’s from 2017 Budget (2,190) $61,440 #5

9. 2018 Proposed Labor Modifications
2% Wage Increase ( $29,000) Employee Health Care Decrease $54,000 Unemployment / WC Rate Increase ( $14,266) Added Maint Position/Wage Adjustments ( $76,433) Other Personnel Adjustments ( $35,925) Total Labor Modifications ($101,624) #6

10. Vehicle and Equipment Repairs

11. Summary of Operating Budget Changes
Total Labor Modifications ($101,624)
Reduce Food COGS from 46% to 42% $ 20,000
Removed $15K for 2017 Fish Study $ 15,000
Reduction in Fuel Costs $ 6,000
Eliminated Contingency $ 19,000
Total Increase in Expenses over Income ($ 34,962) #8

12. 2018 Preliminary Proposed Fee Schedule#9

13. 2018 Proposed Preliminary Fee Schedule for Web site\Fee Schedule.pdf
#10

14. 2018 Preliminary Proposed Fixed Asset Budget
#11

15. Fixed Asset Funding #12 2018 Dues 1,025,700 2017 Dues 3,000
Interest
Property Transfer Fees (72)* 32,400
Impact Fees (2)* ,500
Total Income $1,065,000
*all monies received over this amount is
directed to go to the FARF
#12

16. Proposed Fixed Asset Expenditures - $1,065,000
Administration:
$ 7,500 Computer Hardware/Software Upgrades (R)
$ 15,000 ID Card Printer & Software (R)
$ 24,000 Acct & Membership Upgrades (N)
Campground:
$ 3,889 Playground Equipment (R)
$ 5,000 Electrical Boxes (R)
$ 10,000 Water Line Extension (N)
$ 15,000 Septic Engineering Study (N)
$ 22,000 Yearly Site Remodel Program (R) $
#13

17. #14 Clubhouse $ 4,500 Soup & Chili Bar (add on to salad bar) (N)
$ 8,760 Kitchen Rooftop HVAC (from 2017) (R)
$ 9,850 Henny Penny Gas Pressure Fryer (R)
$ 34, – 10 Ton HVAC Roof Top Units (R)
Golf Course
$ 12,000 Golf Course Master Plan Update (R)
$ 15,000 Cart Path Replacement & Expansion (cont) (R)
$ 64,093 Reelmaster 5510-D Mower (R)
$ 202,100 Tees, Fairways Bunkering & Repair
Holes 11, 12, 13 & (R)
Lake
$ 3,500 Illuminated Solar Buoys (R)
#14

18. #15 Lodge $ 20,000 Lodge Repair (R) Safety
$ 14,000 Security Guard Shack (N)
$ 27,000 New Guard 3 Tubes (N)
Recreation (Pool / Ski / Trails)
$ 5,000 Pool Furniture (R)
$ 5,924 Fitness Equipment for Fitness Center (R)
$ 9,901 Outdoor Pool Water Heater (from 2017) (R)
$19,815 Ski Hill Pond Pump Replacement (from 2017) (R)
$ 45,000 PoleCat Snow Guns-2 Replaces 4 York Guns (R)
Roads:
$ 365,000 Road Repairs/Asphalt Lake Carroll Blvd (R)
Fixed Asset Reserve Fund
$ 96,908 Contribution to FARF (N)
#15

19. Your 2018 Dues $1,131 Funds the Operating Budget
$ Funds the Fixed Asset Budget
$ 1,608 Total 2018 Dues
#16

20. Dues Increase required to fund Preliminary Proposed 2018 Budget #18
Due to LOSS of DPE’s Fixed Asset $ % Operating $ % Total Increase for DPE Loss $ % Increase of Expenses over Income Fixed Assets $ % Operating $ % Total Increase for Expenses / Income $ % Total Dues Increase Fixed Assets $ % Operating $ % Total Dues Increase $ %

21. 2018 Proposed Preliminary Dues
$1,608
#18

22. The Global Picture
Remember, the LCA Mission Statement states …The primary means of funding will be membership dues and revenues generated by the sale of products and services.
% of Income from Dues = 62.6%
% Sales / Fees = %
% Other Income = %
#19

23. Q & A - Time!

24. Thank You Committee Chairs Joanie & the Finance Committee Wayne & the Steering Committee And ALL VOLUNTEERS!

25. Hope to See You at The Annual Meeting on Sunday, December 3, 2017
Thank you for Coming!
Hope to See You at The Annual Meeting on Sunday, December 3, 2017