BOARD OF DIRECTORS MEETING MONARCH AT ROYAL HIGHLANDS, INC. September 30, 2016

Transcription

1 BOARD OF DIRECTORS MEETING MONARCH AT ROYAL HIGHLANDS, INC. September 30, 2016 A meeting of the Board of Directors of the Monarch at Royal Highlands, Inc. was held at 8:00am in the Great Hall Meeting Room. Those present: Harry Taylor, Terry Neikirk, Linda Gietz, Ray Smith Ann Carter, Marshall Leich and Gene Sass. Also in attendance was Sam Floyd from Par for the Course Management and Linda Eaton, Monarch Food & Beverage Director. Diane Christie, Dick Therrien and Craig Misch, Monarch Head Golf Professional. were absent. Minutes of the September 9, 2016 meeting were approved. Treasurer s Report Linda Gietz The Monarch at Royal Highlands, Inc. Treasurer's Report 09/30/16 Account Account Type Bank APY Balance Cash - Operating - Available Checking Sun Trust 0.01% Petty Cash Currency Office Safe 0.00% Capital Reserve Ford Interest Advantage Note/Checking Ford Interest Advantage 1.05% Non Operating Investment Account Bonds Raymond James 3.11% Non Operating Investment Account CD Raymond James 0.95% Non Operating Investment Account Cash Raymond James 0.02% Change from 09/09/16 Report 27, , , , , , , (41,901.65) * The Capital Reserve account has been deducted from the checking account to reflect the correct total. Sun Trust Loan 5.15% 1,100, Restaurant Expansion Loan 0.15% 2,086.18

2 Secretary Terry Neikirk A motion to ratify the 2017 budget was made by Terry Neikirk and seconded by Ann Carter. The motion passed. Vice President Dick Therrien A motion was made by Ray Smith to approve the Capitalization Rules document that was tabled from the last meeting. The motion was seconded by Marshall Leich. The motion passed. Grounds Committee Dick Therrien The timing of tree trimming and removal was discussed and Sam Floyd advised that he will try to have this work done in January and that there should be no interruption of play on the affected holes. Membership Gene Sass Additions: Selden Skelly Single General Member effective 9/16/2016. Vince and Donna Laverghetta Family General Membership effective 9/30/2016. Alvin Dennis Limited General Member effective 10/1/2016. Resignations: Rick Nelson Limited General Member effective 10/1/2016. Gene Sass Single Equity Member effective 10/1/2016. Carmelo Distefano Single Limited General Member effective 11/1/2016. Change of Status: Conrad Krzyzanowski Single Equity to Single Limited Equity effective 10/1/2016. Tom Suzda and Peggy Johnsen Family General to Family Equity effective 10/1/2016. Francie Traviolia remains as Single Equity Member effective 10/1/2016. Harry Taylor Single Equity to Single Limited Equity effective 10/1/2016. Remaining on Leave: Bob Breen until TBD Gary Cormany until TBD Tony Penski until 2/1/2017 Chuck Shenot until TBD Casey Case until 12/1/2016 Harry Taylor until 12/16/2016 Ron Ambrosio until 10/1/2016 Carol Smith until 1/1/2017 Rick Lahrs until 11/1/2016 Betty Danish until 11/15/16 Don Snopik until 4/1/2017 The Board of Directors appreciated the good work that Gene Sass has done as a director and that he will be missed as a member of the board.

3 Golf Ray Smith Ray reported that the event survey and the golf calendar will be discussed at the next golf committee meeting on Wednesday of next week. A sing up sheet for the fall scramble has been done and an blast has been sent. Communication Ann Carter The numbers for the dinners from the last Board meeting through September 27th are: 9/8 Thursday Dinner Special (Country Fried Steak-12) 58 - $659, Bar $306 = $965 9/9 Friday Dinner Special (Crab Cakes-27) 57-$981, Bar $221 = $1,202 9/13 Tuesday Dinner Special (BBQ Ribs-11) 25 - $396, Bar $104 = $500 9/14 Card Bingo -45- $490, Bar $142 = $632 9/15 Friday Dinner Special (Beef Tips-11) $344, Bar $161 = $505 9/16 Tuesday Dinner Special (Sea Scallops-41) 80 - $1,418, Bar $285 = $1,703 9/20 Taste of Italy Pasta 57 $801, Bar $357 = $1,158 9/22 Thursday Dinner Special (Pork Chops-8) 35-$400, Bar $193 = $593 9/23 Friday Dinner Special (Little Neck Clams-15) 81- $1,078, Bar $426 = $1,505 9/27 Tuesday Dinner Special (Mojo Pork 8) 22 - $288, Bar $166 = $454 Note these numbers include the pizza sales & miscellaneous food sales from the Pro Shop For the period of 9/8 thru 9/27 (17 business days) 93- pizzas were sold Average of 5.5/day The specials and events for the first half of October are: Tuesday s Dinners October 4 Liver & Onions with bacon, mashed potato, gravy & veg $11.99 October 11 Chicken Cacciatore over pasta with chef s choice vegetable $13.99 Thursday s Dinners October 6 Beef Enchiladas, Spanish Rice & Refried Beans $12.99 October 13 Meatloaf, Mashed Potato & Vegetable $12.99 Friday s Dinners October 7- Soft Shell Crab, Oven Roasted Potato & vegetable $16.99 October 14 Baked Cod with Rice & vegetable $14.99 Liaison Question: Why are we paying full price for 3 lots on the golf course to the home owners when none of the lots are built on? There is no cable no access to the amenities?

4 The price of an undeveloped lot is $14.40 going to $16.30 yet our bill (The Golf Course) is $4,728/yr when it should be $ not the $4, annually? This is taken off the budget proposed by the Board of Directors for 2017 RHPOA! I m just thinking that this is a rip off and it could save the Club $ ! Answer: Since 2005, The Monarch at Royal Highlands, Inc. has been paying RHPOA s billing that should be computed as an annual charge or assessment equal to three times the basic annual assessment imposed on the owner of a lot in the development on which a home has been built. This is according to Section 3.9 of the RHPOA Declaration of Restrictions (accessible on the RHPOA web site). It has apparently been negotiated at some time in the past that we will be charged a constant $95 per month less than the computation of three times one built lot's assessment. Monarch management has reviewed this and will not dispute the 2017 increase. Entertainment Diane Christie Future entertainment plans are: October 12 th Taco Bingo October 19 th Name that Tune November 2 nd Italian Bingo November 16 th Lorrie from the NoteBenders December 14 th either Golf Cart Parade or Bingo January 18 th or 25 th tentative plan for Danny & Johnny Marketing Marshall Leich Outside play will be less than budget in September. Also, the Eagles group was a no-show in September. The reason has not yet been determined. Director of Operations Sam Floyd Sam reported that there are no present needs for staffing. Sam presented a proposed lease agreement for a 2012 model 4500 mower. The mower has 2,078 hours. The previous owner and mechanic were contacted and they reported no problems with the mower. The lease would be $791/month for 48 months with a $1 buyout at the end of the lease. Sam reported that our usage for this mower would be about 40 hours per month. Acquisition of a leased mower was approved at the September 9 th meeting.

5 Sam reported that the ice machine that is used to fill coolers on the course needs to be replaced. He will be looking for a used machine. Golf course equipment repair and maintenance was higher than budget in August and September. October 6 th we will begin providing information to our CPA for the annual review. President Harry Taylor Harry noted that Linda Gietz, Treasurer should be given access to Quick Books in order to more easily review the accounting system details. Sam was opposed to this request but will be discussing with our accountant to determine how to accomplish this request. The meeting adjourned at 9:30AM. The next meeting will be October 14, 2016 in the Great Hall meeting room. Respectfully Submitted Terry Neikirk, Secretary