Q3 Member Update 11/26/24

11/26/24

Dear Members, 


I'd like to welcome you to our refashioned quarterly reporting. The objective of this communication is to keep members up to date with the club's financial affairs, Board updates and, as necessary, provide important updates from your committees. This report will be circulated every quarter and will evolve as necessary. Again, the goal is to provide consistent information on strategic plans, operating results, membership stats, and staffing updates.


In this Q3 update, we are providing a summary of the work of your committees YTD. We are a few months away from the Annual Report, which will be circulated in February 2025.


As a reminder, we have the following upcoming meetings:


December 4 at 5:00 p.m. – Annual Meeting 

December 17 at 5:00 p.m. – Special Meeting 

‍

Completed Meetings: 


Coffee Talks (three sessions) 


Town Hall Meeting | October 17 – Board update on club finances, PB&G costs, clubhouse and golf course updates.


Special Meeting | October 24 – Concerned Members 


Club Benchmarking | November 19 - Club Benchmarking guest speaker Dr. Jim Butler. The focus of this meeting is to better understand La Cumbre Country Club's finances, particularly our capital needs and cash sources. 


Club Benchmarking Presentation: HERE


Club Benchmarking Zoom Video: HERE


Q&A Coming Soon


Given staffing changes over the past several years, members have asked me to share a who's who amongst the staff and what their responsibilities are. I have outlined this in a visual (linked below in Full Update) that aims to help members know who to contact if they have questions or need assistance. I am actively working on a Strategic Plan that outlines objectives and sets a plan that my team and the Board can work from, which will be shared with members. This plan will be ready in the new year, and I look forward to sharing more about it when it's ready.


As we move into the holiday season, I want to thank those who have booked with us on short notice and encourage you to celebrate at the club. We are working hard to train our team and to bring back the La Cumbre spirit in our dining events, and Paul, Alex, Tom, Natalie, and Chef Eric are eager to make your celebration memorable.


Sincerely,


Adam Zubek, CCM

General Manager & Chief Operating Officer


View Full Update

A Note From the Governance Committee

By La Cumbre CC • July 7, 2025
Governance Committee Update

News from the Club President 6/19/25

By La Cumbre CC • July 7, 2025
Dear La Cumbre Members, Next week, the Board will be meeting to tackle the important topic of how to fund our capital needs moving forward. As part of this due diligence, we had received an expression of interest regarding the purchase of the Club. To better understand the optionality, the Board has had additional conversations with other interested parties. The Board is actively engaged in long-range financial planning to ensure that we can sustain and elevate the Club for generations to come. As part of this process, we are exploring a wide range of funding options to support the significant capital investments our Club will need over the coming years. This includes traditional approaches like capital dues, transfer fees, assessments, and loans. In the spirit of good governance and due diligence, the Board is also gathering information about alternative funding avenues, including outside capital interest. To be clear: No decisions have been made No offers are under consideration The Board has not authorized any action toward selling the Club What has occurred are preliminary, exploratory conversations intended to fully understand what options may exist. This process is about building knowledge so that if we need to make major financial decisions in the future, we do so from a well-informed position, always with the best interest of the membership and the long-term health of the Club in mind. We understand that seeing outside individuals on the property may have raised questions, and we regret any confusion this may have caused. Our commitment remains: Transparency with our members Adherence to sound governance principles A deliberate, member-centered process We will continue to keep you informed as these discussions evolve. There will be no path forward on any major initiative without full Board consideration and member engagement. Thank you for your understanding and for your ongoing dedication to the La Cumbre community. Tracy Jenkins President, Board of Director sLa Cumbre Country Club

News from the Club President 5/12/25

By La Cumbre CC • May 12, 2025
Dear Members, Thank you to all who attended the recent Town Hall and Golf Course Project update meetings. Your participation and thoughtful engagement are essential as the board, management, and our committees strive to better understand how we plan for the future of La Cumbre. Over the next 45 days, the Board, Club Management, and the Finance Committee will be developing financial models that reflect the full scope of our campus-wide capital needs. These models will help inform project timing, prioritization, and funding strategies—including potential borrowing. As a reminder, any borrowing the Board recommends which exceeds $500,000 will require a member vote. In late June, the Board will hold a two-day planning retreat to review these options and map out a clear, disciplined path forward. We are committed to keeping members informed and equipped to make thoughtful decisions. We anticipate holding additional member forums to provide the needed context on these matters later this summer. If you were unable to attend the Town Hall, a recording is available HERE . We also encourage members to explore the Governance section of the member website, where you’ll find meeting minutes from all Board and committee meetings. Click the image below or HERE to view our Q1 2025 Update. Please continue to reach out with your questions, comments, and ideas. We deeply value your feedback as we work together to steward the long-term health and vitality of the Club. Warm regards, Tracy Jenkins President, Board of Directors La Cumbre Country Club
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