2021 C APITAL I MPROVEMENT P ROGRAM (D OLLARS IN THOUSANDS ) P ROJECTED D EBT & C ASH B ALANCES 2028 Year-End Gross /Surplus <$4,497> Projected Cash Balance $886 Net /Surplus <$3,611> Net Debt per Member (Projected 335 Mbrs.) $11 • Purchase of 1785 House not in original plan. • Wellness Center costs significantly higher than original estimates. • Construction costs have increased significantly since plan was approved in 2021. • Tennis Retaining Wall is failing – replacement not in original plan. Other projects not factored into above numbers, but being considered for the future include: • Sweetwater Room Renovation • Golf Learning Center • Fairway Café Expansion • Clubhouse Redecorating (furniture/fixtures/finishes) • Complete Golf Cart Path Repaving • Cart Barn Reconstruction • Pickleball Courts (One or more of these potential projects may commence before 2028)
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