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Current Board Minutes
Twin Oaks Country Club |
| Board of Directors Meeting |
| April 15, 2008 |
Members Present:
| Chris Lakin | Randy Bachus | Jim Crumpley | Ben Upp |
| Kenny Brown | DuWayne Eoff | Brad Messner | Randy Perryman |
| Bill Southworth | Ron Terry | Don Woody | Joe Wright |
Also present were staff members Rich Brittan, Tye Heidbreder and Jim Adkins.
President Lakin called the meeting to order and a declaration of a Quorum was made.
The minutes of the March 18, 2008 Board meeting was presented. A motion was offered and seconded to approve the minutes as presented. The motion was approved.
FINANCE COMMITTEE: Mr. Bachus stated that it had been a rough winter - our cash position is down and we recorded a loss of $30,000 for the month against a budgeted loss of $14,500. Food & beverage losses are more than budgeted and there is some concern here.
Overall the club is doing ok YTD and is still ahead of budget. The increase in dues November 1st has helped this position.
MEMBERSHIP COMMITTEE: No report. The following changes in membership application/changes in membership were submitted:
| For Regular Membership | |
| Gregory Harding |
Teacher – Springfield School Systems; sponsored by Bill Harding |
| Timothy Swearengin | Anesthesiologist - Ozark Anesthesia Associates; sponsored by Chris Kerr |
| Chris Harville | Senior VP - Guaranty Bank; sponsored by Shaun Burke |
| For Corporate Membership | |
| Carlisle Power | Designating William Bowman, Director of Technical & Business Development |
| For Junior Membership | |
| Randall Herion | Owner - Herion Company; sponsored by Larry Smith |
| Changes in Membership | |
| Bill Harding | Return to active Regular Status from LOA |
Ballots were distributed for those requesting membership – all were approved. There were no objections offered for the change in membership.
GROUNDS & GREENS: No report.
HOUSE COMMITTEE: No report.
SOCIAL COMMITTEE: No report.
POOL COMMITTEE:
GOLF COMMITTEE: Mr. Brittan told the Board that the ladies have been pleased with the new selection of clothing offered on consignment by Ms. Golf. He also noted that Junior golf had started and there are over 80 kids participating.
BYLAWS COMMITTEE: No report.
INSURANCE COMMITTEE: Mr. Southworth told the Director’s that his committee had met and discussed the May 1st renewal of the employee’s health coverage. The club received an increase of 17%. Our member agent Ken Stephens has done a good job of seeking other quotes. The committee will meet again to review all options and make a recommendation to the employees. The committee will also institute a Section 125 cafeteria type plan to help reduce the increased payroll deductions for employees as well as consider asking the Board to pick up some portion of the ultimate premium increase. At this time it appears that changing some deductibles and co-pays may reduce the increase to about 7%.
Mr. Southworth asked that the Board give his committee authorization to review the renewals offered and negotiate with the agent for renewal as well as to choose an amount of increase that the club will bear. A motion was offered to this end, seconded and approved.
LONG RANGE COMMITTEE: No report.
CONSTRUCTION COMMITTEE: No report
Old Business: Mr. Lakin reported that all substantially all of construction related to Vision 2008 has been completed. A final punch list will be made and given to the contractor.
New Business:
A motion was offered to adjourn – the motion was seconded and approved.
Respectfully Submitted
Jim Adkins
Club Manager