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06-18-2007 VC SP-MMINUTES OF THE SPECIAL WORKSHOP SESSION VILLAGE COUNCIL OF NORTH PALM BEACH, FLORH)A . JUNE 18, 2007 Present: Village Council Audit Committee Dr. Edward M. Eissey, Mayor Tom Magill, Chairman William Manuel, Vice Mayor Richard Podell, Vice Chairman Darryl Aubrey, Councilman Amy Dean, Member T.R. Hernacki, Councilman David Talley, Member Jimmy Knight, Village Manager Emery Newell, 1st Alternate Melissa Teal, CMC, Village Clerk Bob Gebbia, 2nd Altemate Absent: Leonard Rubin, Village Attorney Christina Ivaldi, Member ROLL CALL Mayor Eissey called the Special Workshop Session to order at 5:00 p.m. All members of Council were present. All members of staffwere present, except the Village Attorney. All members of the Audit Committee were present, except Christina Ivaldi, who was out oftown. PURPOSE OF THE MEETING The purpose of the meeting was to discuss the golf course business plan prepared by the Audit Committee. • AUDIT COMMITTEE PRESENTATION Audit Committee Chairman Tom Magill presented the Committee's business plan for the golf course. Mr. Magill provided comparisons of rounds played (member, resident/guest, daily play) as well as expenses and revenues. Mr. Magill discussed projected shortfalls in revenue, and the cost of projected capital improvements and capital equipment. Mr. Magill addressed the need for more marketing of the golf course. Mr. Magill advised that the Audit Committee has suggested a 12% increase for 2008, which could be an increase in fees or in the number of members. Discussion took place on the number of rounds per day, whether there should be a limitation on the number of guests allowed to play with a member, and how to decrease the projected shortfall in revenue. Discussion was held on priorities for capital improvements, such as additional cart paths to decrease wear on the course. ADJOURNMENT With no further business to come before the Council, the meeting adjourned at 5:30 p.m • <1 Melissa Teal, CMC, illage C erk