I hope everyone is enjoying the last few weeks of summer. I can’t believe the season is coming to a close so quickly. It has been great to see the parking lot full on weekends and so many members enjoying themselves at the pool, playing golf and tennis, or having a nice meal on the deck.
Following is a brief recap of Club business as we mark the end of the third quarter of FY 2017.
Financial Performance: Higher than expected summer labor costs have put pressure on results. Year to date QLLA is fine - we actually are ahead of budget by $121,000. But with payroll counting for 50% of costs, monitoring is important. Management and the Finance Committee are on top of the situation and making adjustments as necessary. In the meantime, work proceeds on the 2018 budget, which will be considered at the September BOT meeting.
Board Activity: Following the annual meeting, we devoted our July and August Trustee meetings to planning for 2018. Our overall focus continues to be on “high impact” improvements to enhance the QLLA value proposition and fine-tune the member experience.
Among the initiatives under discussion:
Future Capital Projects. Potential investments for FY 2018 include upgrades to the Base Lodge, expansion of the trail network and improvements to the 1st tee area of the golf course. The Facilities Planning Committee also plans to look at how we might improve parking near the Clubhouse and begin an assessment of how to make better use of the Red Barn.
Fresh Blood (on committees that is.) QLLA is lucky to have dozens of willing volunteers to serve on our committees. But we always like to get new people involved to bring new thinking to the advisory process. So if you want to turn your ideas into action please reach out to one of the committee chairs (contact info is on the web site) for more information.
Member Privacy and Computer Security. Both came up during the annual meeting in July. Since then several members who are IT professionals volunteered to join a sub-committee to help update and establish Club IT policies and procedures. Thanks to Jamie Roser, Kevin Roden and Patrick Martin for taking on this important work.
Property Auction. As many of you know the Club held a foreclosure auction at the end of July. The developer purchased one of the homes and QLLA took possession of the other properties, including five condos, a house and a building lot. The Board is in the process of evaluating the sales prospects for each with a goal of turning these non-performing assets into dues paying memberships. Nothing will happen right away – it takes about 60 days for the courts to certify the results of the auction process.
But if you are in the market …
Real Estate. So far this year there have been 75 property transfers vs. 58 for the same period last year. I consider that a good sign and validation of what real estate agents are saying about property values and sales activity. I also recently met with the CEO of Taurus, the developer building new homes in Quechee. He told me they will be launching a new web site soon to promote their Quechee product.
Saving the best ‘till last – look to your right at the blue stone patio the next time you drive by the Clubhouse. There’s a circle of chairs (Adirondack and rocking) around our new fire pit. I can tell you first hand it’s a great place to relax and share stories. So get your friends together, tell the staff you are coming and enjoy a warm fire and cold drink as the sun sets over Quechee.