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BOARD TALK, January 2005
David L. Evans, General Manager

Continental Country Club Board of Directors met on December 1, 2004, for the last meeting of the year.
Rodger Pettinger, Director of Finance & Administration, reported on the financial status through October 2004. For the first ten months of year the club's Total Revenue was $1,945,184; Cost of Goods Sold was $116,783 and Total Expenses were $1,567,204 for a year-to-date Net Income of $261,197. This is $30,548 less than the budget. The unusually inclement weather in late October severely hurt golf revenue and year-to-date expenditures at Lake Elaine of $142,120 is $37,220 greater than anticipated.
Evans reported that progress had been made on an entry sign and sign at Oakmont and Country Club. The anticipated cost will be about $9,000 for the two signs. The proposed design was circulated. It was suggested that the phrase Public Welcome be added to the sign.
Lake Elaine is slightly below the required operating level. There have been problems with the flow meter and possibly the pump. The club is working with FGMC to have a pump repair company inspect the pump.
Evans shared with the Board of Directors a letter that he had received from attorney Gerald Nabours regarding the Lake Elaine special assessment vote. He also shared a rebuttal letter written by the club's attorney at Ekmark and Ekmark. The special assessment vote for the neighborhoods of Lakeside Acres, Marina del Lago and Lakepoint Townhouses will be held December 8, 2004 at 6:30pm.
Leon Schwebke, Director of Golf, reported that FGMC was in the process of winterizing the course. Golfers will be able to play on temporary greens throughout the winter, weather permitting. Schwebke discussed a graph of rounds played versus revenue for the past four years. The graph shows that revenue has increased even though total rounds have decreased since 2000. This is attributed to improved course conditions that justified increased green fees. He pointed out that fewer rounds also create a better golfing experience for our patrons.
Restaurant operations were discussed. There has been a positive increase in the number of patrons observed in the restaurant. Nightly specials are drawing more people into the restaurant.
George Acuña has moved from the area and resigned from the board. The directors were asked to think about possible appointees for the vacated positions on both the CCC and FGMC boards.
Evans announced that mailings for the Unified CC&Rs are being sent out each week. As they are being delivered, calls are being made to each homeowner requesting that they read the material and return their postage paid 'Approval.' Currently there are 622 yes votes and 28 no.