FCC White Paper Report

White Paper Report: Facility Conditions and Progress Toward a Facility Improvement Program For the Members of Fiddlesticks Country Club

Dear Fellow Member, Fiddlesticks Country Club (FCC) is a vibrant community built on exceptional golf, tennis, pickleball, wellness, and social activities. Our members share a unique camaraderie and pride in our club, which serves as both a home and an equity investment for each of us. To maintain our unique community and protect our shared investment, we must ensure FCC remains sustainable and attractive to current and future members. Recognizing the importance of long-term planning, the Board established a Long-Range Facilities Planning Committee (Committee) in 2016 to evaluate our facilities and create a roadmap for the future. Recently, the Committee hosted focus groups in April 2023 and January 2024 to gather member input on the Long-Range Master Plan. Based on member feedback, the Board prioritized addressing two of our oldest facilities—the clubhouse and gatehouse. This White Paper Report and accompanying FAQs aim to provide a clear, fact-based overview of our facilities' current state, outline recent progress, and share a vision for future improvements. As you review this document, several key themes emerge: • Capital funding has been historically inadequate, limiting our ability to invest in large-scale projects. For thirty-eight of the club's forty-four-year history, joining fees and assessments customarily used to help fund aspirational capital improvements were mostly returned to members when they left the club. • Over the last twenty years, FCC has spent $11.3 million on non-golf course improvements, of which $1.9 million (an average of less than $100k per year) was spent on the clubhouse. • Consistent with the prior point, Fiddlesticks is ranked last out of twelve competitive clubs at .6% CAGR (compound annual growth rate). The range for these clubs is 3.2% -8.7%, with the average at 5.1% and median at 4.5%. This is further explained in Section II E of the White Paper. • Our clubhouse and gatehouse no longer meet current Building/Life Safety and ADA codes or meet members' evolving needs.

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