OCT 2022 BOARD BOOK

Board
Meeting

October 27, 2022

Meeting
Agenda

AGENDA FOR BOARD OF DIRECTORS MEETING
MARIETTA COUNTRY CLUB

Thursday October 27th, 2022

1. President’s Report – Stacy Haubenschild
A. Approval of September Board Minutes
B. Committee Planning Review
C. Keppler Retirement Gifts

2. Treasurer’s Report – Stacy Haubenschild
A. Financials
B. Capital Funds Status Report
C. Capital Request
1. Tennis Roof Repair
2. Camera Addition to Pro Shop/Cart Barn

3. General Manager’s Report – Daniel Laterza
A. Club and Staff Updates

4. Membership Report – Stacy Haubenschild
A. Proposed Candidates
B. Conversion List

5. Committee Reports-
No Action Necessary
A. House- David Bottoms
B. Golf – Christian Raynor
C. Grounds- Brian Moore
D. Tennis- Dave Henion
E. Communications-Dina Dlugos

6. Old Business

7. New Business

8. Adjourn

Board
Minutes

Marietta Country Club, Inc.
Board of Directors

Minutes for the Meeting held on Thursday September 22nd, 2022

Present: Daniel Laterza-General Manager
Mark Kenline – President Karen Blinkhorn-Controller
Stacy Haubenschild – President-Elect
George Shultz – Treasurer
Frank Howard-Past President
Christian Raynor – Golf Chair
David Henion – Tennis Chair
Dina Dlugos- Communications/IT Chair
Steve Teel – Secretary
Al Martin – Grounds Chair

Absent:
Mark Tackett – House Chair
David Bottoms- House Chair

President Mark Kenline called the Meeting to order at 5:34PM

Approval of Minutes
The past Board Minutes from August 25th, 2022 were submitted for approval.
A Martin motioned to approve the minutes as outlined above, D. Henion seconded, and the Board
approved unanimously.

President’s Report:
M. Kenline thanked everyone for a great year and thanked F. Howard and S. Teel for their board service over the
years.

Treasurer’s Report – G. Shultz presented
The Operating Financials and Balance Sheet are also attached.

I. Year End Cash Flow
a) Our August 2022 Y/E P&L Income is $1,094,253 which includes ERC of $758,812. For Comparison
without the ERC the P&L Income is $335,441 compared to a budget of $377,827 for a negative variance
of $42,386.
b) Actual Initiation Fees for Y/E 2022 are $1,629,098, Capital Charges are $741,480 and Capital Spend is
$1,532,907
c) Our August 2022 Y/E cash balance is $3,725,989 against a budget of $1,601,991.

II. Capital Budget Spend
a) Our Year End Capital Spend is $1,116,414, our budget is $1,187,500 for a positive variance to budget
of $71,086
b) Our Prior Year Capital Spend is $416,493, our budget is $349,646 for a negative variance to budget of
$66,847. There was an additional $65,000 approved for the tennis restrooms after the budgeting process.

B1

c) Our total Capital Spend for Current and Prior Year is $1,532,907, our budget is $1,537,146 for a positive
variance to budget of $4,239
i) The combinations of $741,480 of Capital Dues and $1,629,098 of Initiation Fees for year-end
2022 is $2,370,578.

III. Capital Request
a) Reupholster 30 banquet chairs Seats only. Budgeted $6,000 – requesting $12,500

Motion out of Finance Committee. A. Martin seconded, and all approved unanimously

b) Bunker Rakes. Budgeted $12,000- requesting $11,500

Motion out of Finance Committee. D. Henion seconded and all approved unanimously

IV. Balance sheet and P&L Review – Preliminary pending Audit Adjustments
a) Balance Sheet
i) The year ending August balance in Operating Cash is $1,440,823 a decrease from prior month of
$49,722. $1,518,598 of operating cash representing Sept – July Initiation fees was transferred to
Coastal States Bank MM account.
ii) The year ending August Cash balance with investments is $3,725,988 compared to last month of
$3,616,963 an increase of $109,026.
iii) The year ending August Long term debt was $7,796,831.
b) P&L
i) Net Operating Income for the month ending August was $43,913compared to a budgeted Net
Operating Income of $113,490 a negative variance to budget of ($69,577).
ii) Net Operating income for the year ending August is a $335,441 (after reducing by ERC)
compared to a budgeted Net Operating income of $377,827 a negative variance to budget of ($42,386).
There is a negative variance to last year of ($506,398) and negative variance to July2019 of
($582,885).

V. Pool/MVL/Men’s Grill/Grill Schedule
a) The YTD Revenue for August 2022 is $2,798,847 an increase over prior year of $124,928 and an
increase over 2019 of $928,554.
b) The YTD Net for August 2022 was $730,497 a decrease over prior year of $31,909, and an increase
over 2019 of $199,610.

Long Range Planning Report - F. Howard

F. Howard updated the BOD on the golf course and campus master plan. At this point in time we are waiting
for preliminary numbers to come back from Hodges and Hicks and from there will begin looking at how we
will would finance it. Plans include short game area for golf, clubhouse dining areas, kitchens, fitness and pro
shop.

Membership Committee Report – S. Haubenschild

The Proposed Membership Requests & Change Report to be effective October 1st, 2022 was presented:

B2

PROPOSED JR TENNIS CANDIDATE CLASSIFICATION SPONSOR
Tennis Committee
2703 Elle Howren Jr. Elite Tennis Tennis Committee

2705 Noah Deuchar Jr. Elite Tennis

Membership motions to approve the candidate and D. Henion seconded and all approved unanimously.

CONVERSIONS CURRENT CLASSIFICATION REQUESTED
1416 William Beck Equity Golf Senior Equity Golf
2674 Kyle Kenyon Pre-Equity Intermediate Equity Golf (made final
payment)
2612 Ashley Stafford Pre-Equity Intermediate Pre-Equity Golf (age change)

Membership motions to approve the conversions. S. Teel seconded and all approved unanimously.

RESIGNATION NOTIFICATIONS CLASSIFICATION REASON

2241 Edward Green Pre-Equity C (will continue paying note)Moving to Texas

471 Sylvia Ingram Senior Social Passed away at age 90

1532 Joseph Pafumy Non-Resident (Non-Equity) No longer uses Club

329 Mary Love Reed Honorary Passed away at age 80

337 Bill Rohner Honorary Passed away at age 99

The BOD acknowledges the resignations.

House Committee Report – D. Bottoms/M. Tackett
The Committee Minutes were presented for review.

Grounds Committee Report – A. Martin
The Committee Minutes were presented for review.

Golf Report – Christian Raynor
The Committee Minutes were presented for review.

Tennis Committee Report – David Henion
The Committee Minutes were presented for review.

Communications Report- Dina Dlugos
The Committee Minutes were presented for review.
Dina mentioned that the communications survey was sent out.

General Manager’s Report – D. Laterza
D. Laterza gave a staffing update. New FB Manager to start in October. New Director of Golf, Troy Spencer,
starting November 1st.
D. Laterza reminded BOD of annual meeting

B3

Old Business
New Business
• S. Haubenschild announced the chairs for 22/23. Moore will chair Grounds. Martin to co-chair.

Raynor Golf. Henion Tennis. Bottoms and Bradford to co chair House/Social. Dlugos
Communications

o M. Kenline mentioned that committees do not need to meet every month and maybe even
doing a joint committee meeting twice a year with grounds/golf.

• D. Dlugos asked if we needed a photo release waiver for members to sign for social media or to post new
members in the newsletter or throughout club.
o L. Kunin said no, but did say put a disclosure in the members application.

Adjournment
There being no further business; the Meeting adjourned at 6:30PM
Respectfully submitted,
Daniel Laterza, CCM
General Manager

B4

Finance
Minutes

Marietta Country Club
Finance Committee Agenda

October 25, 2022

I. New Member Welcome – Quick Overview of Committee Meeting Flow

II. Review and approve prior month minutes. - Approved

III. Year End Cash Flow
a) As of September 2022, our Actual/Forecast Y/E 2023 P&L Income is $288,519 compared to a budget of
$158,565 for a positive variance of $129,954.
b) Actual/Forecast Initiation Fees for Y/E 2023 are $916,967, Capital Charges are $1,202,200 and Capital
Spend is $1,461,116.
c) Our Actual/Forecast August 2023 Y/E cash balance is $4,414,242 against a budget of $4,349,135.

IV. Capital Budget Spend
a) Our Actual/Forecast 2023 Year End Capital Spend is $1,461,116, our budget is $1,464,311 for a
positive variance to budget of $3.195
b) The Actual/Forecast combinations of $1,202,200 of Capital Dues and $916,967 of Initiation Fees for
year-end 2023 is $2,119,167.

V. Capital Request
a) Tennis Flat Roof – Budget $18,0000 – Requesting $18,000 – Finance Committee makes a motion for
approval to the Board
b) Additional Security Cameras – Not Budgeted – Requesting $10,000 – Finance Committee makes a
motion for approval to the Board

VI. Balance sheet and P&L Review
a) Balance Sheet
(i) The month ending September 2022 balance in Operating Cash is $1,399,859 a decrease from
prior month of $40,964. $110,000 of operating cash representing August 2022 Initiation fees was
transferred to Coastal States Bank MM account.
(ii) The month ending September Cash balance with investments is $3,797,382 compared to last
month of $3,725,989 an increase of $71,393.
(iii) The month ending September 2022 Long term debt was $7,779,389.
b) P&L - Net Operating Income for the month ending September 2022 was $63,245 compared to a
budgeted Net Operating loss of $($46,709) a positive variance to budget of $109,954.

VII. Pool/MVL/Men’s Grill/Grill Schedule
a) The YTD Revenue for September 2022 is $220,120 and increase over prior year of $9,733.
b) The YTD Net for September 2022 was $42,943 a decrease over prior year of ($1,016).

VIII. Board Summary – See attached Variances

IX. Strategic Planning
a) MCC Net Worth over time - PowerPoint
b) Current Long Term Project Cash
i. CSB Current - $809,817.03 @ 1.74% Annual yield
ii. CSB Current- $1,587,706.99 @ 1.0 Annual yield
c) Investing Long Term Project Cash
i. CSB Offers 9mo.3%, 12mo 3.25%, 18mo 3.5% CD’s

ii. Treasury Bills rates as of yesterday – 6mo 4.52%, 12mo 4.58%, and 18mo
4.63% - Finance Committee makes a motion for approval to the Board to
Purchase a $1,000,000 6 mo. Treasury Bill This will be accomplished by
reactivating the MCC Schwab account.

iii. Other High Yield Money Market Accounts

FINAL Year End Approved Year End
Actual Budget
MARIETTA COUNTRY CLUB 21-'22 22-'23 Forcast
Cash Management 22-'23
6,151,158 6,758,390
Cash Management - Master Budget 896,372 105,600
(738,343) (780,139)
OPERATIONS - NET (314,095) (351,000)
Dues 353,566 165,879
Other Income (62,947) (78,989)
Repairs & Maintenance (317,804) (361,052)
Utilities (9,689) (7,959)
Golf Shop & Carts
Swimming Pool (1,936,775) (2,271,670)
Tennis (891,375) (894,403)
Locker Rooms
Grounds (1,401,195) (1,460,043)
Food & Beverage (350,394) (401,260)
General & Administration
Taxes, Interest & Insurance (284,227) (264,789)
1,094,252 158,565
Dues increase in Oct 2019
P/R Increase and New Postion 1,094,252 158,565
loan Interest
Income/(loss) after Interest 1,629,098 1,000,000

Operations net (253,811) (200,000)
0
CAPITAL REVENUE 448,646
Initiation Fees (less insurance if applicable) 14,164 309,000
Imitation Fees billed not paid 15,000
Initiation Fee Deferrals 1,838,097
Installment write offs (76,963) 1,124,000
Initiation Fee Installments 741,480 (45,000)
Interest Income
Total Initiation Fees 2,502,614 1,200,000
Equity Refunds
Capital Charge $100 (203,169) 2,279,000
(141,812)
TOTAL CAPITAL REVENUE - NET OF REFUNDS (212,719)
(7,518) (150,000)
PRINCIPAL & LEASES
Loan Principal (5,611) (7,200)
Golf Course Equipment
Tractor (358,110) (4,000)
Aerator
Copier (1,532,907) (373,919)
Leases (1,891,017)
Total Principal & Leases (1,440,500)
611,597 (1,814,419)
Total Capital Expenditures
TOTAL PRINCIPAL & LEASES / CAPITAL EXPENDITURES 1,705,849 464,581

NET CAPITAL (1,518,598) 623,146
(758,812)
NET CASH FLOW - OPERATIONS & CAPITAL (13,287) 400,000
(1,000,000)
INCREASE IN LOAN VALUE (584,848)
Less Capital Charges to Dedicated Investments 23,146
Less Operations Cash to Dedicated Investments
Operations from Dedicated Investments
Less Initiation Fees to Dedicated Investments
Less ERC to Dedicated Investments
Less Interest earned on Dedicated Investments

CHANGE IN NET CASH FLOW - OPERATIONS & CA

d Year End Year End Year End Year End
t Forcast Forcast Forcast Forcast
23-'24 24-'25
6,754,369 25-26 26-27
111,233 200,000 200,000
(777,471) 200,000 200,000
(343,466) 200,000 200,000
208,906 200,000 200,000
(80,480) 1,000,000 1,000,000
(349,903) (200,000) (200,000) 1,000,000 1,000,000
(7,731) 0 (200,000) (200,000)
0 130,000 0 0
(2,199,714) 200,961 15,000 100,000 75,000
(903,613) 945,000 15,000 15,000
15,000 (45,000) 915,000 890,000
(1,478,383) 1,015,961 (45,000) (45,000)
(380,064) 1,200,000
(45,000) 2,100,000 1,200,000 1,200,000
(265,164) 1,200,000 2,070,000 2,045,000
288,519 2,170,961 (227,846)
288,519 (150,000) (235,809) (244,050)
(220,099) (150,000) (150,000)
916,967 (150,000) (7,200)
(4,000) (7,200) (7,200)
(183,333) (7,200) (389,046) (4,000) (3,000)
0 (4,000) (1,401,000) (397,009) (404,250)
(381,299) (1,790,046) (1,275,000) (1,373,000)
325,724 (2,421,500) 309,954 (1,672,009) (1,777,250)
16,317 (2,802,799) 397,991 267,750
(631,838) 509,954
1,075,674 597,991 467,750
(43,750) (431,838) 500,000
(1,000,000) 405,000 535,000
1,202,200 1,432,000 (1,000,000) (1,000,000)
(1,000,000) 9,954
2,234,124 2,991 2,750
162
(212,434)
(149,640)

(7,200)

(4,000)

(373,274)

(1,461,116)
(1,834,390)

399,734

688,253

300,000
(916,967)

71,287

FINAL

MARIETTA COUNTRY CLUB Year End Approved Year End
Cash Management Actual Budget Forcast
21-'22 22-'23 22-'23
Cash Management - Master Budget
1,931,242 1,440,822 Year End
CASH FLOW 94,428 23,146 Forcast
22-'23
BEGINNING CASH - SEPTEMBER 1ST (584,848) 1,463,968
Net Change in AR/AP
CHANGE IN NET CASH FLOW FROM OPERATIONS & CAPITA 1,440,822 Approved
Budget
ENDING OPERATIONS & CAPITAL CASH Year End 22-'23
Actual
CASH FLOW DEDICATED INVESTMENTS 21-'22 2,885,166

Plus Capital Charges to Dedicated Investments - 4,349,135
Plus Operations Cash to Dedicated Investments 2,285,166
7,581,745
Project - Amount to spend Pool Kitchen $123k spent prior year 3,725,988 623,146

DEDICATED INVESTMENTS 7,796,831
Coastal States Bank MM for Pool Project (1,270,565)
Coastal States Bank MM for Initiation Fees/ERC

Ending Total Cash including LT Investments

OUTSTANDING PRINCIPAL

d Year End Year End Year End Year End
t Forcast Forcast Forcast Forcast
23-'24 24-'25
1,440,822 25-26 26-27
1,463,968 1,464,131 Year to Date
71,287 1,474,085
162 9,954 Forcast
1,512,109 2,991 26-27
1,464,131 1,474,085 1,477,076
d 1,477,076
t Year to Date Year to Date 2,750
Forecast Forecast Year to Date
23-'24 24-'25 Forecast 1,479,826
25-26
Year to Date
Forecast
26-27

2,902,133 2,453,166 2,953,166 3,548,166 -
4,013,166
4,414,242 3,917,297 4,427,251 5,025,242
5,492,992
7,581,745 7,361,593 7,133,747 6,897,938
2,992,532 (431,838) 509,954 597,991 6,653,888
467,750

Marietta Country Club
Captial Spend '22/23

Board Discretionary
Board Discretionary
Unbudgeted - Additional Security Cameras - To Finance Committee 10/25/2022 Requesting $10,000

Total

House
Clubhouse Flat Roof
Tennis Flat Roof - To Finance Committee 10/25/2022 requesting - $18,000
Women's Restroom Downstairs
Steam Generator for Men's Locker Room
Iron - Current Iron preforming poorly
Updating Fire Meters Valves
MVL/Grille Patio Cushion Replacement
Buffet Enhancement Items
Parking Lot Seal Coat and Crack Repair
Upholster grille/banquet chairs(30) Board approved 09/22/2022

Kitchen Total
Compressor walk in cooler upstairs
Delfield Reach in double door refigerator upstairs Total
Rational Combi Oven upstairs Board approved 8/25/2022 Total
Salamander Upstairs Total
Steam Kettle 40Gal
Drop in Freezer
Reach in Pastry Production Refigerator
Delfield reach in freezer Upstairs Qty 2
Disposal, Insinkerator Upstairs

Pool

Main Pool and Kiddie Pool Cover

Tennis/Fitness Center

Tennis Furniture
Condensing Unit Fitness
Condensing Unit Tennis Pro Shop

Budget Outlook Approve by Board Spent
FY'23 FY'23 FY'23 FY'23
100,000 100,000
0
100,000 0 0
100,000 FY'23 FY'23 FY'23
FY'23 212,000
18,000 12,500
212,000 30,000
18,000 5,000
30,000 30,000
5,000 15,000
30,000 25,000
15,000 10,000
25,000 40,000
10,000 12,500
40,000
6,000 397,500 12,500 0
FY'23 FY'23 FY'23
391,000 10,000 27,000 14,364
FY'23 9,000
10,000 27,000 27,000 14,364
9,000 4,500 FY'23 FY'23
28,000 24,000
4,500 7,000 0 0
24,000 5,000 FY'23 FY'23
7,000 11,000
5,000 3,000 0 0
11,000
3,000 100,500
FY'23
101,500 20,000
FY'23
20,000 20,000
FY'23
20,000 60,000
FY'23 8,000
60,000 8,000
8,000
8,000 76,000

76,000

Golf Maintenance
Cart Path Repairs
Ice Machine on Moutain/Lake View
Mtn. View Tee Box Renovation
Lake View Tee Box Renovation
New Irrigation for Clubhouse Grounds
Top Dresser Qty 2
Grinders Board Approved to order 01/27/2022
Motorized Fertilizer Spreader
Kubota Tractor Board Approved 8/25/2022
Toro Workman
Bridge Repairs and Replacements
Stream Bank Stabilization #17
Bunker Rakes - Board Approved 09/22/2022

Total

Golf Shop

Driving Range Bag Stand
Cart Barn Bag Storage Refurb

Gen & Admin Total
IT Upgrades Total
3 Fire Proof Filing cabinets for History
Communication Enhancements - Tech Equip and Software
Network Switch Upgrades/Replace

Laundry

Total
Grand Total

Carry Over from 2022
Men's Grill Chairs qty 12 -Board approved 6/23/2022 Deposit made 2022 - balance due

Total Carryover

Total Captial Spend

Capital Dues
Initiation Fees

Total

FY'23 FY'23 FY'23 FY'23
75,000 75,000
8,000 8,000 58,805 0
125,000 125,000 53,000 FY'23
125,000 125,000
30,000 30,000 11,500
80,000 80,000 123,305
60,000 58,805
8,000 8,000 FY'23
60,000 53,000
30,000 30,000
50,000 50,000
40,000 40,000
12,000 11,500

703,000 694,305
FY'23 FY'23
12,000 12,000
15,000 15,000

27,000 27,000 0 0
FY'23 FY'23 FY'23 FY'23
10,000 10,000
10,000 10,000 0 0
10,000 10,000 FY'23 FY'23
10,000 10,000

40,000 40,000
FY'23 FY'23

0 00 0

1,458,500 1,455,305 162,805 14,364

Budget Outlook Approve by Board Spent
FY'23 FY'23 FY'23 FY'23
5,811 5,811 5,811

5,811 5,811 5,811 0

1,464,311 1,461,116 168,616 14,364
0
1,200,000 1,202,200
1,000,000 916,967
2,200,000 2,119,167

Two small roofs opposite No. 220804-4
sides of metal roof over Date: 8/4/22
Rep. Kirk Goodrick
tennis building

88 Mansell Court, Roswell, GA 30076 No. 404-427-2263
O: 770-552-7663 · Fax: 770-642-6341 Job Site Location

www.drroof.com

Property Owner/Manager Information

Name: Marietta Country Club Name: Marietta Country Club
Address: Address:
1400 Marietta Coutry Club Drive 1400 Marietta Coutry Club Drive
City: City:
(Main) Kennesaw GA Zip: 30152 Kennesaw GA Zip: 30152
Email:
- (Cell) - (Main) - (Cell) -

[email protected]

Dr. Roof Is A Complete Roofing, Siding And Painting Contractor Serving Homeowners Since 1988

Item Work Specifications Amount

1 Due to water entry of both roof systems: remove existing 2 layers of roofing to roof deck and dispose of debris

into our dumpster located in parking spaces next to the pool entry gate.
2 Inspect the decking and repair anu discovered bad decking with 22 gauge metal at additional amount of $9.50/sq ft
3 Install one layer of 2" ISO insulation mechanically attached with screws and plates with wood nailer at perimeter
4 Install 60 mill white TPO membrane fully adhered
5 Install 24 gauge white Kynar finish metal at perimeter and secure to TPO membrane with white Pressure sensitive

tape.
6 Install new pitch pans for AC units and the metal railing supports and fill with one part pitch pan filler.
7 Install new flashing at the AC curb. Owner responsible for disconnection and reconnection of the AC units sitting

on the roof. Install additional layer of TPO membrane under the AC pads
8 Add additional pitch pan with one part filler for electrical conduit currently going through pipe boot into the roof
9 Gutters on metal roof side to be removed and reset as needed to terminate TPO membrane against building
10 Provide manufacture's 20 year material warranty covering manufacturing defects and a 5 year Dr Roof workmanship

warranty. $ 17,680.00
Price $17,680 with payment by check, payment by credit card adds 2.5%
This job to completed in association with low slope roofs on the the clubhouse

Pricing is current for jobs delivering before 8/31/22. Pricing for this job will be Total Amount: $ 17,680.00
updated at time of shipment. Estimated time until shipping, 10 to 12 months

I have read and understand all of the written above and as stated on the reverse including My rights under Georgia law and my right to cancel. The above prices, specifications, terms and

conditions (see reverse) are satisfactory and are hereby accepted. DR. ROOF is authorized to do the work as specified, with full payment due on completion.

Authorized Agent Date Buyer Date

Notice of Right to Cancel - You the buyer may cancel this transaction at anytime prior to midnight of the third business day after the date

of this transaction, no later than midnight of: with the following exceptions: This contract cannot be cancelled for

repairs/maintenance or emergency services on your personal property that you requested of Dr. Roof.

Page 1 of 2

Terms and Conditions: Page 2 of 2

Dr. Roof Atlanta, Inc. reserves the right to use materials for repairs, which are considered to be appropriate for the elimination of defects. The homeowner accepts that
repairs made to the existing roof may be visible and that the Contractor, while exercising care and proper workmanship to avoid visible detection, cannot be responsible in
a variance from materials previously applied.

ENTIRE AGREEMENT- This Proposal and Contract shall be the entire agreement between OWNER and DR. ROOF LLC., notwithstanding any previous
communications and negotiations, whether oral or written, there being no covenants or agreements, inducements, guarantees, warranties or considerations, other than as set
out herein. Acceptance shall be complete and the contract binding when signed by the OWNER or his representative and an authorized representative of DR. ROOF LLC.

WARRANTY - All labor is guaranteed against defective workmanship from the date of completion for a period of ONE (1) year unless otherwise stated. The acceptance
of this Proposal and Contract by the OWNER signifies agreement that this warranty shall be and is the exclusive remedy against Dr. ROOF for all defects in material and
workmanship furnished by DR. ROOF. It is expressly agreed that in the event of any defects in the materials furnished pursuant to this Proposal and Contract, OWNER
shall have recourse only against the manufacturer of such material. A delay by the manufacturer in the processing and formal issuance of a manufacturers guarantee
document shall not be cause to delay the OWNERS payment to DR. ROOF. No warranty is given for issues resulting from stucco, brick and/or mortar leaks. A licensed
and qualified contractor will need to make any repairs as needed to these items.

PRE-EXISTING CONDTIONS AND EXCLUSIONS- DR. ROOF undertakes to replace or repair any of its work which is defective, but is not responsible for any
damage resulting from work by others, limitations of materials, improper design, improper use of equipment, defective or rotting siding, the condition of existing skylights,
existing decking, rafters, chimneys, pipes and vents protruding from the attic through the roof, latent or patent defects in the dwelling and its existing fitting and fixtures,
damages or delays due to strike, fires, accidents, acts of God, or causes beyond its control, or any incidental or consequential damages. DR. ROOF shall not be responsible
or liable for damages resulting from pre-existing conditions and structural deficiencies of the deteriorated conditions or deficiencies exist, the normal performance of work
on the roof may result in damage. DR. ROOF takes no responsibility for identification, removal disturbance or of existing latent or patent defects, and environmental
problems or hazards. Contractor is not responsible for the rare instance where ceiling seam tape and sheetrock plaster is loosened from nail heads on vaulted ceilings, due
to ceilings being nailed to the roof beams upon which work is being done. Rubble and debris will be cleaned up and removed from the job site, with the exception of debris
that may fall into the attic. Homeowner understands and accepts that unless specifically stated in the “work specifications” the roof structure is not inspected for evidence
of hail damage during the repair estimate/repair process.

LIMITATION OF LIABILITY- The liability of the company, its officers, members, managers, employees, agents or assigns for any direct damages in any way arising
out of or relating to this agreement whether based on an action or claim in contract, equity, negligence, tort or otherwise, will not exceed, in the aggregate, an amount equal
to the total fees paid by the customer to the company for the services performed by the company giving rise to such claim. In no event shall the company, its officers,
members, managers, employees, agents or assigns be liable for any indirect, incidental, special, consequential, lost profits or punitive damages arising out of or relating to
this agreement or the company’s performance of the services, or failure to perform services, even if given advance notice of the possibility of such damages.

TITLE OF PROPERTY- Title of this property is recorded in the names(s) of the OWNER stated on the reverse side unless otherwise noted. OWNER agrees that said
property will not be sold or transferred until full payment to DR. ROOF has been made. This proposal is subject to revision or withdrawal by DR. ROOF until acceptance
and may be revised or withdrawn if an inadvertent error by DR. ROOF has occurred.

PAYMENT- All sums not paid when due shall bear interest at the rate of one and a half percent (1 ½%) per month (or the maximum legal rate permitted by law if less).
If OWNER does not make payment when due, OWNER agrees to pay all costs and expenses incurred in the collection of any unpaid sums, including reasonable attorney
fees. OWNER warrants that sufficient funds are set aside for the job and payment to DR. ROOF.

DISPUTES- At the discretion and sole election of DR. ROOF, DR. ROOF may require that all disputes, claims, or demands, of whatever kind, be resolved by
arbitration, administered by an in accordance with the Construction industry Arbitration Rules of the American Arbitration Association (the “AAA”).

BREACH- In the event of breach of this contract or if contractor has to collect by or through an Attorney-at-Law against purchaser, purchaser agrees to pay the attorney’s
fees incurred by contractor in enforcing his right under the terms of this agreement. Georgia law contains important requirements you must follow before you may file a
lawsuit or other action for defective construction against the contractor who constructed, improved, or repaired your home. Ninety days before you file your lawsuit or
other action, you must serve on the contractor a written notice of any construction conditions you allege are defective. Under law, a contractor has the opportunity to make
an offer to repair or pay for the defect or both. You are not obligated to accept any offer made by a contractor. There are strict deadlines and procedures under state law,
and failure to follow them may affect your ability to file a lawsuit or other action. O.C.G.A. § 8-2-41 (2007)

CANCELLATION- You may CANCEL this transaction, without any Penalty or Obligation, within THREE BUSINESS DAYS from the contract date with the following
exceptions: This contract cannot be cancelled for repairs/maintenance or emergency services that you requested of Dr. Roof on your personal property.

If you cancel, any property traded in, any payments made by you under the contract or sale, and any negotiable instrument executed by you will be returned within TEN
BUSINESS DAYS following receipt by the seller of your cancellation notice, and any security interest arising out of the transaction will be cancelled.
If you cancel, you must make available to the seller at your residence, in substantially as good condition as when received, any goods delivered to you under this contract or
sale, or you may, if you wish, comply with the instructions of the seller regarding the return shipment of the goods at the seller's expense and risk.
If you do make the goods available to the seller and the seller does not pick them up within 20 days of the date of your Notice of Cancellation, you may retain or dispose of
the goods without any further obligation. If you fail to make the goods available to the seller, or if you agree to return the goods to the seller and fail to do so, then you
remain liable for performance of all obligations under the contract. To cancel this transaction, mail, fax, email or deliver a signed and dated copy of this contract or any
other written notice, to: Dr. Roof, 88 Mansell Road, Roswell, GA 30076 or Email to [email protected]

[email protected] Estimate # Estimate
404.329.9957 Date
Sales Rep E-22-375
Estimate is an approximation & based on information provided from the
client regarding project requirements. Actual cost may change once all 10/7/2022

project elements are negotiated. Client will be notified prior to any Rick Sheppard
needed adjustments. Once finalized, estimate is valid 30 days.
Remit deposit to:
Marietta Country Club MacroTek Services LLC
1400 Marietta Country Club Dr NW 2290 Lawrenceville Hwy.
Kennesaw, Georgia 30152
Decatur, GA 30033
List Estimate # with your payment.

Thank you for your business!

Terms ***see below*** Job Description Job #

50% Deposit Required Camera additions #682797 - Camera...

Description Qty Rate Amount
3,500.00 3,500.00
Labor:
- Pull CAT6 cable from IT room to lower hallway camera location / Pull CAT6 cables from
IDF room to the roof camera and airbridge locations / Pull CAT6 cables in Golf Shop IT
room to camera locations / Pull CAT6 cables in Cart Barn from airbridge to camera locations
/ Mount all 8 cameras, wall rack, switch and 2 airbridges / Terminate and test all cables /
Program all cameras and airbridges / Add cameras to camera server / Aim and focus all
cameras and airbridges / Add cameras to all user accounts.

Materials: 6,115.00 6,115.00T
- 5MP IR Vandal Dome Camera, 2.8mm Fixed Lens (5)
- 4MP WDR IR Dome IP Camera, 3.3-10.3mm Motorized Varifocal Lens (2)
- X-Series 6MP IR Outdoor Fisheye Camera, 1.6mm Fixed Lens
- Ubiquiti Gigabeam (2)
- Trendnet 8 Port POE switch
- CAT6 Plus Riser, 23.4 Solid BC Pull Box, Gray (2)
- SolaHD™ SDU AC - B Series DIN Rail UPS
- WAVE-PRO-08 WAVE 8x IP Camera License

* * * Payment terms UPDATE * * * Subtotal $9,615.00
$366.90
Kindly pay estimate w/in terms set above. Payments made via check, Sales Tax (6.0%)
money order, ACH or through bill.com are accepted at no additional cost. $9,981.90
Credit card & PayPal payments will automatically incur a 4% processing fee Total
through the payment system. Incoming wire payments will be billed a flat
$20 fee. Past due payments subject to a fee of 2% per each 30 days late. To

request other arrangements, contact accounting. Thank you!

Signature & Date

FINAL Marietta Country Club 5:08 PM5:08 PM
COMPARATIVE BALANCE SHEET - September, 2022

This Month Last Month Last Year

ASSETS 936,043
808,398
CASH
(5,552)
Cash - Operating 592,231 633,399 1,738,889

Cash - Money Mkt 809,407 809,203 2,844,645

Cash - Other (1,779) (1,779) 4,583,534

Total Operating Cash 1,399,859 1,440,823 1,281,161
1,115,893
Cash - Short Term Invest 2,397,524 2,285,166
TOTAL CASH 3,797,382 3,725,989 4,599
(49,079)
A/R - Members 1,439,522 1,549,570 2,352,574
A/R - Initiation fees 918,891 961,365
A/R - Other 1,775 1,935 401,133
Allowance for doubtful (58,340) (57,464) 156,415
NET A/R
2,301,848 2,455,406 38,781,989
(27,228,067)
Inventory 418,987 426,091
Prepaid expenses 179,386 168,219 11,553,922

Fixed Assets 42,623,157 42,608,793 19,047,578
Less: Acc depreciation (28,649,478) (28,523,618)
NET FIXED ASSETS 82,094
13,973,679 14,085,175 138,681
TOTAL ASSETS 377,935
20,671,283 20,860,881
19,303
LIABILITIES AND MEMBERS' 114,312 207,662 385,105
CURRENT LIABILITIES 97,164 65,238 515,954
A/P - Trade
A/P - Other 208,763 220,904 -
Curr pymts leases/loans 29,289 40,256 30,386
Taxes payable 265,000
Accrued expenses 387,962 514,845 1,814,458
Deferred revenue - dues 559,913 560,626
DEF'D REVENUE: MEMBERSHI 129,098
Deposits on Future Event 40,000 35,000 7,779,898
Deferred Init Fees - Len 24,912 26,912 7,908,997
265,000 265,000
1,727,316 1,936,441 27,920,315
61,200
LOANS AND LEASES 125,881 125,881 -
L/T Leases payable 7,573,854 7,591,296 49,750
L/T Pymts UCB Loans 7,699,735 7,717,177
(33,950)
MEMBERS' EQUITY 29,492,450 29,492,450 (18,725,921)
Members' equity 102,200 -
Capital Dues - - 52,730
MVL Cap Chrg 300 -
Init fees - current yr (2,500) - 9,324,123
Equity refund - current
Retained Earnings(def) (17,683,695) (17,984,441) 19,047,578
Current yr profit/loss (664,523) (300,746)

11,244,232 11,207,263

TOTAL LIABILITIES AND EQU 20,671,283 20,860,881

Final

This Month This Month Variance Actual Marietta Country Club
Bud-Act Last Yr
Actual Budget Summary Income Statement - Septe
(4,021) 513,541 Var to
560,874 564,895 5,632 11,549 Last Yr
14,432 8,800 103,750
126,074 12,774 REVENUE
113,300 40 70 47,333 MEMBERSHIP DUES
40 0 525 2,979 2,883 OTHER INCOME
3,425 351 4,504 22,324 GOLF SHOP & CARTS
4,871 2,900 681 120,644
146,212 4,520 (30) SWIMMING POOL
145,531 15,982 757,036 446 TENNIS
367 LOCKER ROOMS
25,569 FOOD SERVICE

855,928 839,946 98,892 Total

(63,105) (65,771) 2,666 (51,435) (11,670) DEPARTMENTAL EXPEN
(25,266) (32,800) 7,534 (31,542) 6,276 REPAIRS & MAINTENAN
(81,704) (111,956) 30,252 (73,473) UTILITIES
(1,724) (1,531) (8,231) GOLF SHOP & CARTS
(35,102) (193) 10,625 (193) (1,531) SWIMMING POOL
(5,344) (45,727) (122) (23,352) (11,750) TENNIS
(139,618) (5,221) 71,956 LOCKER ROOMS
(248,771) (211,574) (9,891) (4,773) (571) GROUNDS
(137,527) (238,881) (18,340) (126,470) (13,148) FOOD SERVICE
(54,522) (119,188) (205,007) (43,764) GENERAL & ADMINISTR
(126,276) (55,344) 822 (130,264) (7,263) TAXES INTEREST & INS
(125,861) (415) DEPRECIATION
(57,382) 2,860
(415) (125,861)

(918,959) (1,012,516) 93,557 (704,307) (214,652) Total

560,874 564,895 (4,021) 513,541 47,333 MEMBERSHIP DUES
14,432 8,800 5,632 11,549 2,883 OTHER INCOME
(63,105) 2,666 (51,435) (11,670) REPAIRS & MAINTENAN
(25,266) (65,771) 7,534 (31,542) 6,276 UTILITIES
44,370 (32,800) 43,025 30,277 14,093 GOLF SHOP & CARTS
(1,684) (1,561) SWIMMING POOL
(31,677) 1,344 (1,491) (123) (11,304) TENNIS
(193) 11,150 (20,373) (204) LOCKER ROOMS
(473) (42,827) (13,148) GROUNDS
(139,618) (701) 228 (269) (18,195) FOOD SERVICE
(102,559) (211,574) 71,956 (126,470) (7,263) GENERAL & ADMINISTR
(137,527) (93,349) (9,209) (84,363) 2,860 TAXES INTEREST & INS
(54,522) (119,188) (18,340) (130,264) (125,861) DEPRECIATION
(126,276) (55,344)
(125,861) 822 (57,382)
(415) (415)

(63,031) (172,570) 109,539 52,730 (115,760) Total

63,245 (46,709) 109,954 53,145 10,101 After add Back of Deprecia

10/25/20225:08 PM

ember, 2022 YTD YTD Variance Actual Var Prior
Actual
NSES Budget Act-Bud Last YTD YTD
NCE 560,874
14,432 564,895 (4,021) 513,541 47,333
RATIO 126,074 8,800 5,632 11,549 2,883
SURA 12,774 103,750 22,324
40 113,300 40
NCE 3,425 0 525 70 (30)
4,871 351 2,979 446
RATION 146,212 2,900 681 4,504 367
SURAN 4,520 120,644 25,569
ation 855,928 145,531

839,946 15,982 757,036 98,892

(63,105) (65,771) 2,666 (51,435) (11,670)
(25,266) (32,800) 7,534 (31,542) 6,276
(81,704) (111,956) 30,252 (73,473)
(1,724) (1,531) (8,231)
(35,102) (193) 10,625 (193) (1,531)
(5,344) (45,727) (122) (23,352) (11,750)
(139,618) (5,221) 71,956 (4,773)
(248,771) (211,574) (9,891) (126,470) (571)
(137,527) (238,881) (18,340) (205,007) (13,148)
(54,522) (119,188) (130,264) (43,764)
(126,276) (55,344) 822 (57,382) (7,263)
(125,861) (415)
(415) 2,860
(125,861)

(918,959) (1,012,516) 93,557 (704,307) (214,652)

560,874 564,895 (4,021) 513,541 47,333
14,432 8,800 5,632 11,549 2,883
(63,105) 2,666 (51,435) (11,670)
(25,266) (65,771) 7,534 (31,542) 6,276
44,370 (32,800) 30,277 14,093
(1,684) 43,025 (1,561)
(31,677) 1,344 (1,491) (123) (11,304)
(193) 11,150 (20,373) (204)
(473) (42,827) (13,148)
(139,618) (701) 228 (269) (18,195)
(102,559) (211,574) 71,956 (126,470) (7,263)
(137,527) (93,349) (9,209) (84,363) 2,860
(54,522) (119,188) (18,340) (130,264) (125,861)
(126,276) (55,344) (57,382)
(125,861) 822
(415) (415)

(63,031) (172,570) 109,539 52,730 (115,760)

63,245 (46,709) 109,954 53,145 10,101

Final Year To

Food Sales MVL Men's Grill This Year 2022 Pool To
Liq Sales 19,832 10,330 4,883 1
Beer Sales 19,305 6,059 Grill 2,450
Wine Sales 4,332 5,779 84,428 2,134 22
Revenue 15,238 1,256 10,721 1,010
58,707 23,424 4,667
COGS Food 27,696 10,477
COGS Liq
COGS Beer/Soda 127,512
COGS Wine
COGS Actual 11,929 6,213 50,783 2,937 1
60% 6,722 2,110 3,733 853
Gross Profit 35% 1,383 1,845 1,490 681
Payroll Expense 32% 9,443 626
62% 778 17,163
Net 54% 29,477 10,946 73,169 5,097

29,230 12,478 54,343 5,380 10

6,899 6,417 39,631 5,540
12% 27% 31% 53%

22,331 6,061 14,712 (160) 4

10/25/20225:08 PM

o Date - September 2022

otal MVL Men's Grill Last Year 2021 Pool Total 2022 vs. 2021
119,473 15,568 8,926 4,118 119,750 Total
12,604 5,614 Grill 1,192 31,856 (277)
38,535 3,567 4,476 91,138 802 14,362 6,679
16,912 13,856 1,178 12,446 380 44,419 2,550
45,200 45,595 5,517 6,492 210,387 781
20,120 20,194 29,005 9,733
77,957
138,106 9,089 (6,094)
4,764 4,329
71,863 10,135 5,811 59,331 2,681 Actual '21
13,418 3,596 1,602 3,551 340 24,359 634 65%
1,183 1,485 1,830 266 116,169 3,651 29%
5,398 7,599 208 2,521 33%
28,010 646 15,906 55%
118,690 22,512 9,543 80,618 3,495 55%

01,430 23,083 10,651 57,488 2,997 94,218 7,212
8,228
58,487 8,513 6,031 34,143 1,572 50,259
27% 19% 30% 25% 24% 24%

42,943 14,570 4,620 23,345 1,425 43,959 (1,016)

Revenues Actual Budget Yea
Expenses
Net Income (ex-depreciation) 856 840 Bud-Act
(919) (1,013)
1
63 (47)
9

11

Membership Dues Actual Budget Bud-Act
Repairs & Maintenance
561 565 4
Utilities (63) (66) 1
Golf Shop & Carts (25) (33) 7
44 (1
Tennis (32) 1
Grounds (140) (43)
Food Service (103) (212)
General & Administration (138) (93)
Taxes, Interest, Insurance (55) (119)
Other (Pool, Lkr Rm, Misc Inc.) 12 (55)

8

TOTAL 63 (47) 11

Comments: (+/- 5% and $5k x fiscal mo; or, +/- 15%)

Dues
Repairs & Maintenance

Utilities $8k Electricity
Golf $12.3k Greens/carts, $4k Outings, $16k Range - timing

Tennis $8k R&M Tennis timing, $1k Supplies - timing
Grounds $15.5 Chemicals, $14.8 Fertilizer, $8.3k Tree Removal, $8k
Food Service ($9.9k) Entertainment
Banquets Actual $58k - Budget $36.5k
General & Administration ($24.7k) Prof Fees - $13.6 GGA & $15k Audit/timing
Other (Pool, Lkr Rm, Misc Inc.) $2.7 late fees, $1k Misc Inc

ar to Date Last Yr Var:Yr

% Var:Bud 757 99

16 1.9% (704) (215)

94 9.2% 53 10

10 235.4% Last Yr Var:Yr

% Var:Bud 514 47
(51) (12)
(4) -0.7% (32)
3 4.1% 30 6
8 23.0% (20) 14
43 3201.3% (126) (11)
11 26.0% (84) (13)
72 34.0% (130) (18)
(9) -9.9% (57) (7)
18) -15.4% 11 3
1 1.5% 1
4 55.3% 53
10
10 235.4%

k Landscape ALL Timing

10/25/2022

Membership
Minutes