Preparing for Another 100 Years!

Introduction

Investing for The Future: Funding

Our recommendation for funding will allow the Club to accomplish all the goals and plans around the Club. This includes all obligatory and aspirational projects. To achieve these goals, Creative Golf Marketing is recommending a funding plan that would cover a large portion of the proposed list of projects by charging a fee of $32 months, for five (5) years.

$750,000 / 400 Members / 60 Months = $31.25 per Month per Member

Our primary goal is to keep the monthly cost as low as possible to achieve collective buy in, from your members. We are suggesting this fee across the board for all members, Golf and Social. The plan referenced above reflects $750,000, with the assumption that additional funds will be sourced from new members (initiation fees AND monthly improvement fees) and voluntary donations. This would allow the Club to fully fund the obligatory projects and have a very strong start to addressing the aspirational projects as well. Additionally, we have based the model above on 400 members, with the assumption there will be some attrition (based on current membership levels of over 450). It will be critical that the club continue to focus on continued membership growth moving forward. The recommendation above will allow us to keep the monthly fee as low as possible for current and new members.

Transparency

All funds will be appropriated to a capital reserve fund that will only be used for designated projects. Similar to how the club has funded and communicated to club members regarding various projects that have been completed or are currently in progress, through the Debenture Bond Program.

Messaging

CGM will focus on messaging that will tell the story about why these projects must be addressed sooner, rather than later. - Cape Girardeau has experienced phenomenal membership growth in recent years, and we need to capitalize on this positive momentum. - If not now, when? The risk is much greater if we do nothing. - Coming off the club’s Centennial, this is the perfect time to take advantage of t he pride your members share. Our ability to forge a successful path for the next 100 years, will largely depend on the actions we choose now. - Regardless of how members utilize the club, all members will benefit from this plan. The plan includes projects from virtually every corner of the club campus and will elevate the entire private club experience for ALL members. - We believe that investing in these improvements today will provide updated and modern amenities for ALL members to enjoy and will foster continued membership growth that will guide Cape Girardeau Country Club as we begin the journey on our next 100 years!

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