Elmcrest Country Club

“Elmcrest country club has two types of memberships: equity and non-equity. All full golf and senior golf members have equity status and are eligible to vote in general membership elections and serve on the board of directors in a voting capacity. These members are billed 1 to purchase their equity. Non-equity membership categories include executive junior golf, legacy golf, all categories of full social and social and fitness. These membership categories do not purchase equity and do not have voting rights. Additionally, these members may not serve on the board of directors in a voting capacity, but they may serve on the board in an advisory manner.”

“Per the by-laws of elmcrest country club, equity members elect other equity members to the elmcrest country club board of directors at the annual meeting each year. The annual meeting is held during the first calendar quarter of each year.”

“The by-laws of elmcrest country club require an annual meeting of equity members be held in the first calendar quarter of each year. Non-equity members may attend the meeting, but do not have voting privileges. At this meeting election of the board of directors occurs, all acts of the board of directors for the previous year are ratified and the annual budget is approved.”

“Form 990 is presented to the executive committee and approved. The form 990 is signed annually by the treasurer, an elected member of the board of directors, each year. A copy of the filed form 990 is retained by the controller for inspection and review by any member at their request.”

“The conflict policy is provided to each board member annually. The general manager and controller monitor the day to day business for possible conflicts. Any decision made cannot benefit any one or group of individuals that are a part of the decision making process.”

“Elmcrest country club utilizes a compensation committee to determine the compensation of the general manager. The compensation committee is chaired by the president-elect of the board of directors. Other committee members include board members and other club members with a compensation background. The compensation committee uses performance, economy and industry standards and averages to assist in determining the general manager's proposed compensation. The compensation proposal is presented to the executive committee for approval.”

“The elmcrest compensation comittee uses the same prcoess as above for other key employees of the organization. Additionally, the compensation committee confers with the general manager to determine the recommended levels of compensation for the other key employees.”

“Documents are available upon request.”

“Contributions from members 67 refunds to resigned members -1,043 total -976”

“The process has not changed.”