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Tiburon Peninsula Club 2010 Year End Board of Governors - January 25, 2011

Tiburon Peninsula Club 2010 Year End Board of Governors - January 25, 2011. Year End 2010 Review - Dashboard. Year End 2010 Review - Dashboard. Operations / Pre - Bonus. Ignore – not a useful number (to be explained below). Key Figure for 2010. In-line with 2010 forecast.

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Tiburon Peninsula Club 2010 Year End Board of Governors - January 25, 2011

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  1. Tiburon Peninsula Club 2010 Year End Board of Governors - January 25, 2011

  2. Year End 2010 Review - Dashboard

  3. Year End 2010 Review - Dashboard Operations / Pre - Bonus Ignore – not a useful number (to be explained below) Key Figure for 2010 In-line with 2010 forecast Complete Shocker! Non-cash item Dues level appropriate vs Jerry’s expense management Any year end “profit” is “bonus” within each activity (business unit) Operations / Post - Bonus Includes a one-time $10k incentive bonus arranged early 2010 by Café Committee

  4. Year End 2010 Review - Dashboard Calculation: Coffers: $1,132,622 Reserve: ($550,000) Remaining Loan Pre-Payment: ($250,000) Approved Incomplete Cap Expenditures: ($212,000) Sub total: $120,000 Total Cash at Year End: $1,132,622.25 Working capital is approximately $120,000

  5. Year End 2010 Review - Dashboard Annual budget expectations (guesstimate) is for 36 new members per year which translates to $525k for capital expenditures –divided by replacement/maintenance ($200k-ish) and new projects ($300k-ish).

  6. October 2010 Financial Review- Cap Ex Projection

  7. TPC Comprehensive Financial Model Monthly Debt Retirement Fees Initiation Fees Dues Non-Member Surcharges Revenues Expenses Mortgage “B” - Emergency Reserve Savings Account “A” - Operating Cash/Checking Acct I “C” - Capital Reserve “Replacement” $250,000/yr II “D” - Capital Expense (New) Administration Half of Year End Balance Facility Operations Capital Expenses Activities – Set at Operational Breakeven Activity Specific Member Charges Aquatics Personnel/Operations- Aqua Fitness Personnel/Operations - Fit Food/Bev Personnel /Operations– F/B Non-Member Activity Charges Tennis Persn/Ops - Tennis 80% Youth Persn/Ops - Youth Activity Fee 20%

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