Strategic Plan

RESERVE FUNDING PLAN CASH FLOW ANALYSIS

Greystone Golf & Country Club Reserve Funding Plan Cash Flow Analysis

Individual Reserve Budgets & Cash Flows for the Next 15 Years 2018 2019 2020 2021 2022

2023

Reserves at Beginning of Year

‐

(12,190)

161,315

475,884

(1,038,774) (2,600,414) (1,

Plus Capital Dues

1,152,000

1,171,200

1,190,400

1,282,752

1,328,383

1,375,326 1,

Plus Initiation Fees ‐ new members, 3 year average Total Estimated Reserve Contributions Plus Estimated Interest Earned, During Year Less Anticipated Expenditures, By Year

285,000

285,000

285,000

285,000

285,000

285,000

1,437,000 1,456,200

1,475,400

1,567,752

1,613,383

1,660,326 1,

‐

‐

‐

‐

‐

‐

(1,449,190) (1,282,695) (1,160,831) (3,082,410) (3,175,023) (949,842) (2,

Anticipated Reserves at Year End

(12,190)

161,315

475,884

(1,038,774) (2,600,414) (1,889,931) (2,

Assumptions:

1 2 3 4

600 Number of GEMs

600

610

620

655

665

675

800 Monthly Dues per GEM

800 $           

800 $           

800 $           

816 $            

832 $           

849 $           $   

20% Percent to Capital

20%

20%

20%

20%

20%

20%

160 Capital Dues per Month per GEM

160 $           

160 $           

160 $           

163 $            

166 $           

170 $           $   

Golf Equivalent Members (GEMs) estimated to increase by 10 per year.   Increase of 25 additional in 2021 when RGP members return to dues‐ paying status. Total Dues per GEM steady for three years, then increases based on CPI  change each year (estimated at 2% per year).

1

2

Percent to be established by change to Bylaws.

3

4 Calculated amount of portion of Total Dues reserved for capital funding.

22