Lincoln Hills Golf Club

“Renaissance golf management engaged to supervise and administer daily operations and act as general manager for all functions related to the golf, facilites and food/beverage facilities including hiring, training, discipline, compensation, promotion, termination of staff necessary or advisable for operation of the club.”

“The organization has both stockholders and members.”

“The organziation has stockholders who vote for the governing board members. A nonstockholder member of the governing board is elected by the non stockholder members.”

“Before the corporation can dispose of real property, the membership must approve unless the disposal is required by law. If real property is sold, the funds shall be placed in an interest bearing investment account. The prinicpal amount of the sale may not be disposed of unless approved by the membership.”

“A preliminary draft is presented a t a board meeting prior to filing. Final copy is submitted to each director prior to filing with directions to direct questions to the president.”

“Each meeting agenda includes a line itme requesting any board member to disclose any potential conflicts of interest and to abstain from votes concerning that issue.”

“The board of directors, as a group, reviews the proposed compesation packages for the greens superintendent, director of golf, food & beverage manager, manager of special events, and office manager. All five top employees earn less than$100,000 annually.”

“Available upon request and on guidestar.org.”

“Loss in UBT98,809 - Correction to Fixed Assets and Accumulated Depreciation in PY”

“See Overflow Statement.”

“See Overflow Statement.”