1. BUNKER MASTER PLAN
Two weeks into the Bunker construction the team have made significant progress, completing construction on holes 1 & 3. A more detailed update has been provided in this Reef Breezes edition.
Weekly updates, progress pictures and important information will be made available on the Members website as necessary. Please ensure you check for updates prior to your round.
2. CLUBHOUSE COMPLIANCE WORK
Following comprehensive kitchen audit reports and a defined scope of work, the budget for the compliance project has been revised to $950,000 which will include significant kitchen compliance works including installation of a Freezer Room in the function kitchen and cool room in the Café Kitchen, levelling kitchen floors and sheeting walls. The Pacific and Reef Room includes flooring, ceiling, and glazing including replacement of the Bi-Fold doors and windows.
The work is still on track to meet the current timelines with the Function Kitchen and Pacific Room closing on 26 June and re-opening on 14 August.
Work in the Café will start prior to the 26 June to ensure the Café can continue to operate with the main storage areas shut down when the Function kitchen closes.
3. CLUBHOUSE MASTERPLAN
There has been plenty of feedback following the subscription letter which included details about the current Clubhouse condition and levels of investment to consider from a refurbishment through to a major renovation.
Hazmat and Dilapidation reports are being undertaken on the building to provide a greater understanding of the condition of the current Clubhouse. This will give us insight into how much of the existing Clubhouse needs urgent repair/replacement and what can be renovated/retained versus will require rebuild.
The Board engaged Tully Heard Hospitality Consultants to create an independent and professionally developed long term site development strategy that is market focused, financially responsible and provides robust assumptions for our Clubhouse master plan investment thesis. This work has been carried out over the past 12 months, considering feedback from Members, staff and the community. Their findings are currently being presented to the Board.
We have commenced preliminary conversations with Lenders to understand what level and price of funding would be available to us. We are finding that though our cash flow and cash balance are healthy, complications around security (or the lack thereof) due to our lease arrangements is deterring some traditional lenders. If there are any Members with experience or network that might be able to assist with raising money, please can they get in touch with Ben.
In the absence of funding the Club will be forced to fund the necessary works through our own resources and profitability. This will likely impact the phasing of works depending on the extent of what needs to be done and how diligently we manage our earnings and expenses. Importantly all performed in the context of ensuring we continue to offer a quality Member and visitor experience.
As the research into the Master Planning of the Clubhouse progresses regular updates and information will be provided to Members.
4. LEASE OFFER FROM OFFICE OF LOCAL GOVERNMENT (OLG)
The Office of Local Government (NSW State department) have confirmed via Northern Beaches Council (NBC) their support of Long Reef Golf Club receiving a 30 year lease. Over the coming months, the Board and Management will work with OLG and NBC to finalise the lease details.
5. MEMBERSHIP SUBSCRIPTIONS
Membership subscriptions were sent to Members by email on 12 April. If you have not received your subscription invoice, please contact Kimberley Conaty at membership@lrgc.com.au. A reminder to submit transfer forms to Kimberley and payment plan agreements via the link in your subscription invoice email by 20 May to ensure your request can be met.
House Accounts and any credit won prior to 1 May 2023 on your Prize and Ball Accounts must be spent by 31 May, to avoid forfeiting the credit in the annual purge.
Members who pay their subscriptions in full prior to 15 May will receive an additional 10% credit on their House account.
6. SANDWICH FRIDGE
Over the past 6 months, a sandwich fridge has been located at the bar to provide a grab 'n' go option for those players requiring food halfway through their round. The trial resulted in excessive wastage and was not utilised as it was intended.
Please note: Members at halfway will still be able to order sandwiches from the bar if there is a queue at the Café.
7. FINANCE
The result for February was a net surplus of $81,952. Year to date net surplus is $1,210,850.
The Quarterly Financial Statements for March 2023 can be viewed here.
Please do not hesitate to get in touch with me if you would like clarification or further expansion on any of the items above.
Keith Warren | President
Note: This document is not intended to be a minute of the relevant Board meeting but is intended to provide members with a summary of the significant decisions made or issues discussed by the Board at its most recent meeting. Certain matters may be commercially sensitive, subject to privacy considerations or otherwise confidential and will not be included in this summary document
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