Poston Butte Golf Club

1st Qtr 2011 Update

 Agenda
• Greens Renovation Schedule
• 1st Quarter Financial Results
• 2011 v 2010 Golf Rounds Comparison
• Proposed 2012 Annual Pass Program

Hole #7
 Greens Renovation Project
• Scheduled to start Monday, June 13
• Will start with Holes 10-18
• Expect to move Holes 1-9 on Monday, July
18.
• Expect to have all 18 holes open on
Thursday, September 1.

Hole #11
 Playing Golf During Renovation
• From June 13 – August 31, we will have 9
holes open for play.
• Residents and Pass Holders will have a 14
day booking window for all days of play
during this time.
• General Public will only be able to book 7
days in advance.

Hole #12
 1st Quarter Financial Performance
2011 1st Quarter Consolidated Financials
Actual YTD Budget YTD PY YTD YE Budget 2010 YE

Total Rounds 14,235 14,329 13,400 37,970 36,615

Total Green Fees $ 493,353 $ 486,100 $ 468,488 $ 1,267,725 $ 1,207,542

Total Avg Green Fee $ 34.66 $ 33.92 $ 34.96 $ 33.39 $ 32.98

Other Revenue Total $ 127,189 $ 159,567 $ 138,765 $ 403,885 $ 397,456

Total Revenue $ 620,542 $ 645,667 $ 607,253 $ 1,671,610 $ 1,604,998

Total Expenses $ 560,643 $ 584,967 $ 583,131 $ 2,248,103 $ 2,321,382

Surplus / (Subsidy) $ 59,899 $ 60,700 $ 24,122 $ (576,493) $ (716,384)

Hole #2
 2011 v 2010 Rounds of Golf Detail
Q1 2011 Q1 2010
% of % of Green % of % of Green
Avg Rate Rounds Fees Avg Rate Rounds Fees

Public Rounds - $53.74 31% 48% $51.74 39% 57%

Resident Rounds - $44.25 20% 25% $42.59 16% 20%

Ruggles Rounds - $29.44 16% 14% $27.15 14% 11%

Poston Rounds - $14.50 33% 13% $14.76 31% 13%

Hole #9
 Proposed 2012 Annual Pass
Program
• Ruggles Single - $1,300
• Ruggles Twosome - $2,350
• 14 Day Booking Window for Every Day
• Residents will continue to have 14 day booking
window
• General Public will be able to book 7 days in advance
• Only change to Usage Fee rates will be adding post-
overseeding time to $20 rate schedule. All others will
remain the same as 2011.

Hole #14
Open Forum

Hole #12