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<br /> []JiJJ@!%&L? <br /> ~~ <br /> To: Bill Simmons <br /> Scott Robson <br /> ~.. <br /> f;" <br /> " <br /> From: Eric Jensen <br /> RE: Fiscal Budget 2007 Overview <br /> , <br /> ., Date: July 1, 2006 <br />".J", CC: Bobby Heath <br /> Rob Ford <br /> ^, <br /> Budget for Fiscal Year 2007 <br /> ~ <br /> Many efforts are in place at Coal Creek Golf Course to build loyalty in a very <br />:1'';' competitive market place. Peak Player sales in 2006 have far exceeded the sales in <br />'J~, 2005 and Coal Creek continues to hold its position in our market with authority. <br />:;: <br />r <br />C' Quality marketing efforts are in place to ensure continued success in day-to-day <br /> operations as well as tournaments and banquets. <br /> While we continue to fight downward trends in the golf industry, Coal Creek <br /> continues to enjoy steady growth. For 2007, I am projecting 38,000 rounds, which is <br />.., an increase of 2% above 2006 budget and a 1 % increase above 2005 actual. I am <br /> >. projecting $273,465 in Food and Beverage revenues, which is an increase of 1 % <br />...: <br /> above 2006 budget and a 20% increase above 2005 actual. Tournaments and <br />r <br />c 1 banquets continue to be vital to the success of Coal Creek and with the addition of <br />7: our full time Director of Marketing, we should enjoy a steady increase in banquets <br /> and tournament rounds in 2007. <br />"~~ <br /> The 2007 budget shows attainable figures with respect to golf rounds and revenues, <br />.J as well as restaurant and banquet revenues. Continued growth of tournaments and <br />,:~ banquets, as well as the Peak Player program are imperative to the future of Coal <br />, Creek Golf Course. We have produced cost savings in all departments, and will <br />:r <br /> ~ continue to control expenses with good management practices. With expenses <br />~ under control, our focus will be driving revenues through proper marketing and <br />.. J consistent presentation of quality products and services. <br /> J <br />:.r.:: <br />C. This budget, presented by Western Golf Properties, shows an attainable NOI of <br />~ <br />,.. $66,685 for 2007. As our reputation for quality and value continues to grow, and with <br />~ the diligence of the club's staff, we are confident that we can meet and exceed our <br />:-- <br />,.' goals, Western Golf Properties stands behind its reputation as "The Name Behind <br />1'- <br />:r: the Game", and we look forward to a profitable year at Coal Creek Golf Course. <br />I' <br /> .. <br />