LTCM
LTCM AND FUNDING • These projects will be funded through the Club’s Capital Fund and NOT a Member assessment • The process of updating the Long-Term Capital Model is an annual exercise. It includes re- calibrating all assumptions for both the Club and the POA along with all future project costs. • To establish a projection, including the updated cost of these projects, and the newly proposed Member equity of $475,000, we completed an abbreviated LTCM shown below.
UPDATED LONG-TERM CAPITAL MODEL (LTCM)SUMMARIZED
LTCM AND FUNDING
• With the updated assumptions the Club can afford the projects. • Including these projects, the new projected balance in the Capital Fund is $3M at the end of 2027 (compared to $4.2M in the prior published model from April 2025). Capital fund balances remain positive through FY 2027/2028. • The Club has used $33.5M of existing funds to pay Clubhouse construction costs to date. Doing so has reduced the amounts drawn on the Truist Construction Line of Credit, and the amount of interest paid to date on the Line of Credit balance. Utilizing funds for this project will not create additional borrowings beyond the initial Line of Credit, and will not impact the repayment schedule for full amortization of the Line of Credit through its maturity in 2042 as originally planned.
GCMP Proposed Additions | 17
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