This was copied and pasted from Countryside news letter

Keeping Countryside Strong! PRESIDENT’S Report
The Board met the third week in June to consider the budget presented to us by Management.
-----------I know I speak for the Board when I say it was a comprehensive budget. The Department
Heads together with the General Manager and the Finance Manager presented us with a budget that was lean and clean. Their sensitivity to the economictimes when considering the budget was apparent; nothing was added that was not
needed. The Board upon its review of said budget found little to change.

A review of the premium for the commons and the premium for golfing members, the
question asked will be, “Why is the commons premium up and the golfing premium down?”
To understand these premiums, it is necessary to understand the allocation system Countryside operates under.

Countryside is unique in that we have common costs, that we all incur, and separate
costs, which are added to the golfing community.
How is this allocation determined? In 1994, an independent consultant arrived at
the allocation formula that up to this year has been unchanged. During the past year questions surfaced regarding some allocations. As a result of the inquiries made, there was a complete and detailed review of all of our current allocations and it was determined that since the study of 1994, changes have been made
in Countryside that would directly affect this percentage allocation.
Management and the Finance Committee worked in conjunction to update the ‘94
study to arrive at an allocation that represents our club today. An example of an allocation change is the charge attributed to General andAdministrative Department (G & A).
There are 36 items listed under that department. Since that study, changes have incurred in Countryside, the golf shop and lockers havebeen moved to an independent building,the atrium has been added, the dining room enlarged, we have improved on some of ouramenities and our social calendar is full. We have presently thirteen committees. All but one of these committees is advisory and only one is exclusively golf related.

At the time of the study 25% of the G & A budget was allocated from the commons to
the golf. After the update, the percentage is presently 16.5%. This is only one area of the total budget, but it is one that affected the premium the most. The commons, consisting of all of us incurred more of the expense, and the golf premium was reduced. All of the directors accepted the allocations as presented.
(A seminar was conducted in May explaining the allocations and has since been available to our members on our website; management will again conduct another seminar in the fall)

If the budget was passed as presented by Management, the commons cost would have increased by 9.9% and the golf by .4 %. Further deliberation by the Board resulted in suspension of the Capital Commons Improvement fund for one year. To refresh your memory The Capital Commons Improvement fund
was established in 2006 to pay for improvements to the common area such as improvements in our entrances, lighting, aerators and fountains. These are not items that we replace through our reserve fund. This action resulted in the following premiums, 5.3% to the commons and a reduction to the golfing members of 2.2%.
I want to thank our General Manager, our Finance Manager and all Department Heads
for being so conscientious and deliberative in their budget considerations.

Countryside Golf & Country Club News Published by Countryside Golf & Country Club