Village of Glencoe Golf Club Board of Directors met March 15.
Here is the minutes provided by the Board:
1. Call To Order And Roll Call
The Glencoe Golf Club Board of Directors Meeting was called to order by the President of the Glencoe Golf Club Board of Directors at 9:20 p.m. on the 15th day of March, 2018, in the Village Hall Council Chambers. The following were in attendance:
Attendee Name; Title; Status:
Lawrence Levin President Present
Trent Cornell Director Present
Gail Lissner Director Present
Barbara Miller Director Present
Peter Mulvaney Director Present
Dale Thomas Director Present
Jonathan Vree Director Present
Village Staff:
Philip Kiraly Village Manager Present
Steven Elrod Village Attorney Present
Sharon Tanner Assistant Village Manager Present
David Mau Public Works Director Present
Cary Lewandowski Public Safety Director Present
Stella Nanos Glencoe Golf Club General Manager Present
Denise Joseph Assistant to the Finance Director Present
Rich Weiner Deputy Public Safety Chief Present
Megan Hoffman Assistant to the Village Manager Present
Nathan Parch Community Development Administrator Present
Adam Hall Management Analyst Present
Jordan Lester Management Analyst/Deputy Village Clerk Present
2. Public Comment
There were no comments from the public.
3. Consideration Of The Glencoe Golf Club Fiscal Year 2019 Budget
Glencoe Golf Club General Manager Stella Nanos provided the Board of Directors with a brief overview of the Golf Club’s Fiscal Year 2019 Budget. She reported that Fiscal Year 2018 was a successful year for the Club, with the second-highest annual round count in eleven years. The Club had a net profit of $350,000, excluding capital expenses, and invested $220,000 into capital projects. General Manager Nanos reported that over the past eleven years, the Golf Club has invested $2.7 million from revenues back into the Club. The Golf Club Capital Reserve Fund currently is at $1.7 million.
General Manager Nanos stated that the Golf Advisory Committee has reviewed and discussed the Golf Club’s budget over the past four Committee meetings since November 2017. For Fiscal Year 2019, the Club is predicted to have another strong year. She highlighted that $324,000 is budgeted for capital improvements, with $50,000 of the $324,000 earmarked towards Clubhouse improvements before community fundraising efforts start. She reported that as the Club begins to fundraise for Clubhouse modifications, the Club plans to register as a separate non-profit organization.
Director Thomas moved, seconded by Director Miller, to adopt the budget. The motion was approved with the following vote:
Result: Accepted [Unanimous]
Ayes: Cornell, Lissner, Miller, Mulvaney, Thomas, Vree
8. Other Business
There were no other items for discussion.
9. Adjourn
Director Thomas moved, seconded by Director Miller, to adjourn the meeting at 9:28 p.m. The motion was approved with the following vote:
Result: Accepted [Unanimous]
Ayes: Cornell, Lissner, Miller, Mulvaney, Thomas, Vree
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