{"content":[{"text":"Minutes of the Monthly Meeting of the \n Hillcrest Golf Club Board of Directors \n Tuesday May 18, 2021","bbox":{"left":0.306659,"top":0.050674,"width":0.4175209999999999,"height":0.07110000000000001}},{"text":"The regular monthly meeting of the Hillcrest Golf Club Board of Directors was held at the Hillcrest Golf \n Club on Tuesday, May 18th, 2021. President Brian Dommer called the meeting to order at 5:41 PM. The \n following Board members were present: Bill Warren, Bob Therrell, Brian Dommer, Britt Bassett, Elliott Fitz, \n Jeff Thompson, Michael Anziano, and William Gwinn. Jesse Larson's absence was excused.","bbox":{"left":0.060508,"top":0.140627,"width":0.8773610000000001,"height":0.075101}},{"text":"The following Hillcrest staff members were present: Amy Moody, Lindsay Mattison, Michael \n McCloskey and Will Herz.","bbox":{"left":0.060508,"top":0.230438,"width":0.788319,"height":0.035305}},{"text":"Member Rich Hohlhein was present via video link.","bbox":{"left":0.090803,"top":0.280453,"width":0.409566,"height":0.015485000000000027}},{"text":"Special guests Mary Monroe and Christina Rinderle representing Durango Trails were introduced. They \n expressed Durango Trails appreciation for the winter nordic skiing made available on the golf course \n through the approval of the Board and the efforts of Hillcrest staff. They specifically acknowledged Will \n Herz for his expertise in and great job of trail grooming. Durango Trails presented the Hillcrest Golf Club \n with a check for $500 and presented Will Herz with a gift basket. The Hillcrest Board appreciates this gift \n and also acknowledges the donation made directly by the skiers during the winter. All stated the good \n partnership between Durango Trails and the Golf Club and plan on it continuing.","bbox":{"left":0.060508,"top":0.310493,"width":0.871359,"height":0.134756}},{"text":"A. MINUTES \n President Dommer asked if there were any revisions to the April minutes. With no changes, the \n minutes were approved.","bbox":{"left":0.060508,"top":0.465572,"width":0.8152459999999999,"height":0.05864899999999995}},{"text":"B. PUBLIC PARTICIPATION \n President Dommer noted that the Board had received several email messages this month asking a \n variety of questions. He was generally able to point to the website or a newsletter to provide answers.","bbox":{"left":0.060508,"top":0.544544,"width":0.837565,"height":0.05867499999999992}},{"text":"C. FINANCE MANAGER’S REPORT \n Amy Moody presented some highlights from the financial report she provided as part of the full board \n packet.","bbox":{"left":0.060508,"top":0.623542,"width":0.866282,"height":0.05864799999999992}},{"text":"She reported that at the end of April 2021 our income statement compared to budget, our balance \n sheet, and are cash flow are all in good shape. The cash balance was $291k, the long-term debt balance \n was $741k, and $59.4k in capital expenditures have been made so far this year.","bbox":{"left":0.060508,"top":0.696746,"width":0.8471339999999999,"height":0.055279999999999996}},{"text":"Amy discussed the key performance indicator (KPI) of profit or loss from food and beverage (F&B) will \n be watched closely this year in that it was a loser in 2019 (and with covid, not relevant in 2020). It is too \n early to tell yet how it is doing in that large F&B purchases have to be made early in the season, but sales \n occur throughout the season.","bbox":{"left":0.060508,"top":0.766736,"width":0.863422,"height":0.07498499999999997}},{"text":"The final, formal loan forgiveness of the PPP loan was received, so 2020 books have been close.","bbox":{"left":0.090803,"top":0.856431,"width":0.780807,"height":0.015484999999999971}},{"text":"Progress has been made on obtaining the liquor license with President Dommer having been \n fingerprinted and his record checked. General Manager McCloskey is next in line for this.","bbox":{"left":0.060508,"top":0.886621,"width":0.788149,"height":0.03530599999999995}}],"images_bbox":[],"images_bbox_not_text_overlap":[]}