MashomackPreserve_MemberLetter

Letter from the Board

• Club winding down record shooting season • Club finishes 2016 in strong financial condition • Bar Committee finalizes recommendations • Estimates $400,000 cost for project • Decides NOT to renovate north entrance and mud room

Dear Members,

As promised in our last correspondence, we would like to provide you with an update on the current status of our Bar Renovation Project, as well as respond to some issues raised by members about a) our Club’s ability to afford the project and b) whether lodging should be a higher priority than renovating the Old Bar.

But before we get into that, we’d like to give you a quick update on how things are going at the Club:

• We are on pace to set a record shooting season for the 9th season in a row, and anticipate that more than 300 members will have shot at least once by season end.

• We completed our first member survey in 2016, which highlighted the need to improve our dining and club house experience. Under David Thieringer’s leadership, and with the help of Chef Howie from the CIA, we have significantly improved our dining offering, resulting in a 22% increase in dining revenue through February this year over the same period last year, and

• We finished 2016 on a strong financial footing with cash on hand of $750,000 and net debt of only $1.4m, down from more than $6m when the club was formed in 2007.

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