Recreation Commission

Agenda Village of Glen Ellyn Recreation Commission Meeting Friday, February 27, 2026 7:00 AM Village Links/Reserve 22 Ed Posh Boardroom Visitors are welcome to attend all meetings of the Recreation Commission. A. Call to Order B. Public Comment C. Approval of Minutes 1) Approval of Minutes from January 30, 2026 Meeting D. Standing Reports 1) Financial - Noel Allen 2) Manager's Reports 3) Golf Operation's Report - Mike Campbell 4) Reserve 22 Operation's - David Manseau 5) Grounds & Maintenance Operation's Report - Andrew Cross E. 2026 Marketing Presentation 1) 2026 Marketing Presentation - Julie Rusin F. Old Business G. New Business H. Next Meeting - March 27, 2026 I. Adjourn Civility Pledge - In the interest of civility, I pledge to promote civility by listening, being respectful of others, acknowledging that we are striving to support and improve our community, and understanding that we each may have different ideas for achieving that objective. Page 1 of 21 Village of Glen Ellyn Minutes Village of Glen Ellyn Recreation Commission Regular Meeting Commission January 30, 2026 7:00 AM Village Links/Reserve 22 Board or Recreation Date: January 30, 2026 Commission: Meeting: Regular Called to 7:01 a.m. Order: Quorum: Yes Adjourned: 8:08 a.m. MEMBER ATTENDANCE: Carol Scott Chairperson Present Nancy Carter Commissioner Present Tony Coconate Commissioner Present Scott Coldiron Commissioner Present James Ozog Commissioner Present Rick Quoss Commissioner Present Tom Slowinski Commissioner Absent Also Present: Noel Allen General Manager Village Links Andrew Cross Golf Course Superintendent Mike Campbell Director of Golf Steve Thompson Trustee Liaison Meredith Hannah Elisa Pollina Recording Secretary Public Tom Manak Glen Ellyn Resident A. CALL TO ORDER/ROLL CALL The January 30, 2026 meeting of the Recreation Commission was called to order at 7:01 a.m. at the Village Links of Glen Ellyn; 485 Winchell Way; Glen Ellyn, Illinois by Chairperson Scott. B. PUBLIC COMMENT – None C. APPROVAL OF MINUTES FROM November 21, 2025 APPROVAL OF MINUTES AS AMENDED FROM November 21, 2025 MEETING MOTION BY: Commissioner Coconate SECONDED BY: Commissioner Coldiron RESULT: Unanimous Page 2 of 21  Recreation 2 January 30, 2026 D. STANDING REPORTS 1. Financial – Noel Allen – Manager Allen provided several financial updates. He reported that November revenues exceeded expectations, supported by favorable weather conditions, and were up 32 percent compared to the prior year. Operating profit improved by $255,000 over last year, and the net position increased by $377,000 year over year. The cash position increased by $18,000 in November, the first time in our cash history going back to 1995. Manager Allen also reported strong performance in December, with revenues up 25 percent, largely driven by the Holiday Pop-Up Bar at Reserve 22. Due to the high activity levels experienced, there were some operational challenges that resulted in higher operating expenses. Despite these increased costs, December results exceeded budget expectations. While the net position declined by $91,000 due to the final payment for the new security system, a net profit of $190,000 was recorded, compared to a budgeted loss. The cash position increased by $259,000 for the year. The goal is to achieve an annual cash increase in the range of $300,000 to $500,000. 2. Manager’s Report A. Golf – Mike Campbell – Director Campbell provided an update on golf operations. He reported that November rounds increased and were up 4 percent overall for the year. Driving range activity increased by 6 percent for the year, while pro shop sales declined slightly in November but ended up 7 percent for the year. He noted that Vince has assumed full responsibility for pro shop operations and has been ordering new merchandise for next year. Overall golf revenue finished up 3 percent for the year. Campbell also reported that the Iron Man event, originally scheduled in November, was rescheduled due to weather and ultimately hosted 38 teams. He also noted that seven to eight golf staff members assisted with setup for the Holiday Pop-Up Bar at Reserve 22 and the Winter Wonderland event. He added that staff are currently wrapping up outings and league schedules and that the Glen Ellyn Senior Open and Super Senior Open will be held in September. Campbell reported that the new golf carts have arrived and that a total of 95 carts will be in service. He also noted that he and Vince attended the PGA Show in Orlando, where they reviewed new equipment, including a ball picker for the driving range. In addition, the Chef has purchased hot boxes for the beverage carts to allow for hot food service, including hot dogs. B. Reserve 22 – Noel Allen – Manager Allen provided several updates on Reserve 22 operations. He reported that Reserve 22 achieved a strong November revenue month, marking the first time since May that monthly revenue exceeded target projections. This success was attributed to the new menu, happy hour specials, and Thanksgiving dinner service, which generated a 39 percent increase in revenue. On the banquet side, Reserve 22 hosted 20 events compared to 16 events during the same period last year. Allen noted that the Holiday Pop-Up Bar launched earlier than in previous years and contributed to a very busy December. Reserve 22 was featured by many social media influencers as a destination for holiday gatherings. The venue hosted multiple special events, including seven visits from Santa, Lunch with the Grinch, and a family-friendly Page 3 of 21  Recreation 3 January 30, 2026 New Year’s celebration with character appearances. While banquet revenue in December did not meet expectations, overall December revenues exceeded those from the prior year. Looking ahead, Manager Allen stated that the Winter Wonderland theme will continue to drive revenue during the colder months. He noted that the January through March period remains the most challenging for Reserve 22; however, business continues to grow, and January may be the strongest January on record. Planned upcoming initiatives include a Super Bowl promotion and participation in Glen Ellyn’s Restaurant Week in February. Manager Allen commended David and the Reserve 22 team for their continued efforts and strong performance. C. Grounds – Andrew Cross - Superintendent Cross provided several updates on grounds operations. He noted that November was one of the busiest months for winter course preparation. Due to weather conditions, staff were unable to apply topdressing sand on greens as planned. Tees were aerified in November; however, fairway aerification was deferred and will be completed in the spring. Cross reviewed several projects completed during this period, including assisting the IT team with video-related work, supporting setup for the halfway house and Holiday Pop- Up Bar, and completing winterization tasks. Tree trimming and removals were conducted to improve playability and address tree health concerns, including the removal of trees near holes 8 and 9. Affected areas will be reseeded in the spring. He also noted that staff will be attending an upcoming trade show in Orlando. Trustee Thompson suggested that staff consider promoting the sustainability and environmentally friendly initiatives underway at Village Links to better inform the public. Manager Allen added that staff are currently compiling this information for the Environmental Commission. 3. Trustee Liaison – Steve Thompson – Trustee Thompson provided several updates. He announced that a new category will be added to the Community Awards recognizing businesses that demonstrate environmentally sustainable practices. He encouraged Village Links to pursue this award, noting the many green initiatives already underway. Thompson also shared that the Village Board is actively engaged in strategic planning for the next 5–10 years and will be holding additional meetings with the assistance of a consultant. He reported that ice skating is now available at Panfish Park and Lake Ellyn. Construction on the new Starbucks location on Roosevelt Road is progressing, and the former hotel on Roosevelt Road has been demolished. Trustee Thompson noted that Dutch Bros Coffee has submitted plans for the Danby Station site. The proposal is currently in the planning phase and would involve demolishing the existing structure. The property has been on the market, and Dutch Bros has expressed interest. The proposal will go before the Architectural Appearance Commission. Page 4 of 21  Recreation 4 January 30, 2026 Finally, he shared that Two Hound Red has been sold and will reopen as Maple Brewery and Distillery. The new establishment plans to offer a limited menu and will participate in the upcoming Chili Cook-Off at Reserve 22. E. OLD BUSINESS – None F. NEW BUSINESS – None 1. Year in Review – Manager Allen asked the Recreation Commission if there were any questions regarding the Year in Review. The Commission expressed that the report was well done and had no questions. 2. Legends of the Links - Manager Allen explained that the hallway of plaques recognizing individuals who have made significant contributions to Village Links has reached a point where the Recreation Commission should determine whether the recognition should continue and, if so, how future honorees should be selected. He asked the Commission to consider whether additional individuals should be added and whether a formal nomination process, such as annual nominations, should be established. The Commission agreed to consider the future of the Legends of the Links recognition and will revisit the discussion at a future meeting. Commissioner Ozog offered a special commendation for the holiday party, noting how well it was executed, and thanked everyone involved in the planning. Director Hannah also noted the Fourth of July kickoff planning meeting next week and invited any interested Commissioners to participate. G. NEXT MEETING - February 27, 2026 H. ADJOURNMENT Commissioner Ozog motioned and Commissioner Coldiron seconded to adjourn the meeting. The meeting was adjourned at 8:08 a.m. Submitted by Elisa Pollina, Recording Secretary Reviewed by Noel Allen, Staff Liaison Page 5 of 21  Village Links / Reserve 22 Dashboard Financial Reports As of January 31, 2026 Year-To-Date Net Income Year-to-Date Operating Income (Including Capital and Debt Expenditures) (Excluding Capital and Debt Expenditures) $2,000,000 $2,200,000 $1,800,000 $2,000,000 $1,600,000 $1,800,000 $1,400,000 $1,600,000 $1,200,000 $1,400,000 $1,000,000 $1,200,000 $800,000 $1,000,000 $800,000 $600,000 $600,000 $400,000 $400,000 $200,000 $200,000 $- $- $(200,000) 2022 $(200,000) $(400,000) 2023 $(400,000) $(600,000) 2024 $(600,000) $(800,000) 2025 $(800,000) $(1,000,000) 2026 2022 2023 2024 2025 2026 Reserve 22 Operating Income Reserve 22 Revenues (Excluding Capital and Debt Expenditures) 12-Month Rolling Revenues $600,000 $4,500,000 $4,300,000 $500,000 $4,100,000 $400,000 $3,900,000 $3,700,000 $300,000 $3,500,000 $3,300,000 $200,000 $3,100,000 $100,000 $2,900,000 $2,700,000 $- $2,500,000 $(100,000) $(200,000) 12-Month Rolling Revenue Budget 2022 2023 2024 2025 2026 Golf Operating Income Cash Reserves (Excluding Capital and Debt Expenditures) $4,000,000 $1,800,000 $3,500,000 $1,600,000 $3,000,000 $1,400,000 $1,200,000 $2,500,000 $1,000,000 $2,000,000 $800,000 $1,500,000 $600,000 $400,000 $1,000,000 $200,000 $500,000 $- $- $(200,000) $(400,000) $(600,000) 2022 2023 2024 2025 2026 2022 2023 2024 2025 2026 2/24/2026 Page 1 of 1 Page 6 of 21  VILLAGE LINKS / RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of January 31, 2026 2026 MONTH YEAR-TO-DATE ORG DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF REVENUES: 5500 Village Links Revenues $ 4,808,500 10,908 $ 13,600 $ (2,692) -20% 10,908 $ 13,600 $ (2,692) -20% 5520 Reserve 22 Revenues 3,548,200 114,941 105,059 $ 9,882 9% 114,941 105,059 $ 9,882 9% Total Revenues $ 8,356,700 $ 125,849 $ 118,659 $ 7,189 6% 125,849 $ 118,659 $ 7,189 6% EXPENDITURES: 55700 Administration $ 757,501 63,788 $ 74,498 $ (10,711) -14% 63,788 $ 74,498 $ (10,711) -14% 55710 Golf Course Maintenance 1,489,493 54,534 70,185 $ (15,651) -22% 54,534 70,185 $ (15,651) -22% 55720 Golf Services 1,135,780 57,130 36,999 $ 20,131 54% 57,130 36,999 $ 20,131 54% 55730 Reserve 22 3,417,048 225,466 199,194 $ 26,272 13% 225,466 199,194 $ 26,272 13% 55740 Stormwater Management 51,962 1,390 1,333 $ 57 4% 1,390 1,333 $ 57 4% 55750 Pro Shop Merchandise 185,272 2,064 3,728 $ (1,664) -45% 2,064 3,728 $ (1,664) -45% 55780 Motorized Carts 67,596 - - $ - #DIV/0! - - $ - #DIV/0! 557X5 Mechanical Maintenance 411,169 25,675 19,780 $ 5,894 30% 25,675 19,780 $ 5,894 30% Total Operating Expenses $ 7,515,821 430,045 $ 405,717 $ 24,328 6% 430,045 $ 405,717 $ 24,328 6% Operating Income (Loss) $ 840,879 $ (304,196) $ (287,058) $ (17,139) 6% (304,196) $ (287,058) $ (17,139) 6% Debt Service 303,900 - - - 0% - - - 0% Capital Expenditures 484,686 418,074 16,381 401,694 2452% 418,074 16,381 401,694 2452% CHANGE IN NET POSITION $ 52,293 $ (722,271) $ (303,438) $ (418,833) 138% $ (722,271) $ (303,438) $ (418,833) 138% KEY METRICS Goal Personnel Expenses as % of Sales 51% 203% 196% 7% 203% 196% 7% Cash Balance (End of Month, in $000's) $ 1,878 $ 1,996 $ 2,156 $ (161) 2/24/2026 Page 1 of 1 Page 7 of 21  VILLAGE LINKS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 GOLF (Including Administration, Grounds, & Mechanical Maintenance) As of January 31, 2026 ORG/ 2026 MONTH YEAR-TO-DATE OBJECT DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF 5500 VILLAGE LINKS REVENUES: 440550 Green Fees $ 3,050,000 $ 325 $ 179 $ 146 82% $ 325 $ 179 $ 146 82% 440554 Pro Shop - Sales 200,000 1,453 1,431 22 2% 1,453 1,431 22 2% 440555 Motor Carts 750,000 - - - 0% - - - 0% 440556 Driving Range 575,000 412 270 142 53% 412 270 142 53% 440557 Resident Cards 35,000 2,200 1,505 695 46% 2,200 1,505 695 46% 460100 Investment Income 80,000 5,228 7,005 (1,777) -25% 5,228 7,005 (1,777) -25% 489000 Miscellaneous Revenue 118,500 1,293 3,204 (1,911) -60% 1,293 3,204 (1,911) -60% 489100 Miscellaneous - Over/Short - (3) 7 (10) -146% (3) 7 (10) -146% Total Revenues $ 4,808,500 10,908 $ 13,600 $ (2,692) -20% 10,907.68 $ 13,600 $ (2,692) -20% COST OF GOODS SOLD: 520945 Cost of Goods Sold - Pro Shop $ 150,000 $ (7) $ 1,486 $ (1,494) -100% $ (7) $ 1,486 $ (1,494) -100% Total Cost of Goods Sold $ 150,000 $ (7) $ 1,486 $ (1,494) -100% $ (7) $ 1,486 $ (1,494) -100% Gross Profit $ 4,658,500 $ 10,915 $ 12,113 $ (1,198) -10% $ 10,915 $ 12,113 $ (1,198) -10% OTHER OPERATING EXPENSES: 510100 Salaries - Pensionable $ 1,414,815 $ 91,392 $ 87,604 $ 3,788 4% $ 91,392 $ 87,604 $ 3,788 4% 510120 Salaries - Non-Pensionable 463,410 1,965 169 1,796 1060% 1,965 169 1,796 1060% 510200 Salaries - Overtime 30,250 - 64 (64) -100% - 64 (64) -100% 510400 FICA Taxes 145,999 6,937 6,507 430 7% 6,937 6,507 430 7% 510500 IMRF 80,234 4,983 4,422 560 13% 4,983 4,422 560 13% 590600 Health Insurance 165,600 11,552 11,072 480 4% 11,552 11,072 480 4% 52XXXX Contractual Services 1,125,865 67,422 91,020 (23,598) -26% 67,422 91,020 (23,598) -26% 53XXXX Commodities 522,600 20,336 4,178 16,158 387% 20,336 4,178 16,158 387% Total Operating Expenses $ 3,948,773 $ 204,587 $ 205,037 $ (450) 0% $ 204,587 $ 205,037 $ (450) 0% Operating Income (Loss) $ 709,727 $ (193,672) $ (192,923) $ (748) 0% $ (193,672) $ (192,923) $ (748) 0% Operating Income (Loss) Percentage 15% -1776% -1419% -1419% KEY METRICS Goal Rounds Played 80,000 68 38 30 68 38 30 Revenue Per Round $ 60.11 $ 160.41 $ 357.89 $ (197.49) $ 160.41 $ 357.89 $ (197.49) Resident Cards Sold N/A 228 154 74 228 154 74 Cost of Goods Sold % - Pro Shop 75% -1% 104% -104% -1% 104% -104% Personnel Expenses as % of Sales 48% 1071% 808% 263% 1071% 808% 263% 2/24/2026 Page 1 of 2 Page 8 of 21  VILLAGE LINKS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 GOLF (Including Administration, Grounds, & Mechanical Maintenance) As of January 31, 2026 ORG/ 2026 MONTH YEAR-TO-DATE OBJECT DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF MISCELLANEOUS REVENUE Miscellaneous Revenue includes the following items that don't fit into any of the major revenue categories: Adult & Junior Golf Lessons 65,000 $ - $ - $ - $ - $ - $ - Hand Cart Rentals 30,000 $ 13 $ 30 (18) 13 30 (18) Equipment Sold at Auction - $ - $ - - - - - Golf Club Rentals 10,000 $ - $ - - - - - Locker Rentals 4,500 $ 750 $ 800 (50) 750 800 (50) Illinois Sales Tax (1.75%) 4,500 $ 477 $ 371 106 477 371 106 Glen Ellyn Food & Beverage Tax (1%) 500 $ 54 $ 41 13 54 41 13 Handicaps - $ - $ - - - - - Tree Donation - $ - $ - - - - - Misc. Outings 2,000 $ - $ - - - - - Miscellaneous 2,000 $ - $ 1,962 (1,962) - 1,962 (1,962) Total $ 118,500 $ 1,293 $ 3,204 $ (1,911) $ 1,293 $ 3,204 $ (1,911) 2/24/2026 Page 2 of 2 Page 9 of 21  RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of January 31, 2026 ORG/ 2026 MONTH YEAR-TO-DATE OBJECT DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF 5520 RESERVE 22 REVENUES: 441100 Food $ 2,000,000 $ 78,707 $ 69,133 $ 9,574 14% $ 78,707 $ 69,133 $ 9,574 14% 441101 Liquor 480,000 12,015 9,169 2,846 31% 12,015 9,169 2,846 31% 441102 Beer 530,000 6,547 6,788 (240) -4% 6,547 6,788 (240) -4% 441103 Wine 232,000 8,995 10,883 (1,887) -17% 8,995 10,883 (1,887) -17% 441104 NA Beverages 113,000 1,782 1,808 (27) -1% 1,782 1,808 (27) -1% 441106 Room Charges 2,700 - 60 (60) -100% - 60 (60) -100% 441107 Service Charges 190,000 6,846 7,219 (372) -5% 6,846 7,219 (372) -5% 489000 Miscellaneous Revenue 500 49 - 49 0% 49 - 49 0% Total Revenues $ 3,548,200 $ 114,941 $ 105,059 $ 9,882 9% $ 114,941 $ 105,059 $ 9,882 9% 55730 COST OF GOODS SOLD: 530400 Cost of Goods Sold - Beer $ 137,800 $ 657 $ 3,184 $ (2,527) -79% $ 657 $ 3,184 $ (2,527) -79% 530401 Cost of Goods Sold - Wine 71,920 2,326 3,822 (1,497) -39% 2,326 3,822 (1,497) -39% 530402 Cost of Goods Sold - Liquor 100,800 1,951 1,034 917 89% 1,951 1,034 917 89% 530405 Cost of Goods Sold - NA Beverages 58,760 2,463 922 1,542 167% 2,463 922 1,542 167% 530420 Cost of Goods Sold - Food 640,000 29,043 27,591 1,452 5% 29,043 27,591 1,452 5% Total Cost of Goods Sold $ 1,009,280 $ 36,439 $ 36,552 $ (113) 0% $ 36,439 $ 36,552 $ (113) 0% Gross Profit $ 2,538,920 $ 78,502 $ 68,507 $ 9,995 15% $ 78,502 $ 68,507 $ 9,995 15% Gross Profit Percentage 72% 68% 65% 68% 65% 55730 OTHER OPERATING EXPENSES: 510100 Salaries - Pensionable $ 969,200 $ 74,590 $ 64,841 $ 9,749 15% $ 74,590 $ 64,841 $ 9,749 15% 510120 Salaries - Non-Pensionable 696,850 39,622 37,455 2,167 6% 39,622 $ 37,455 2,167 6% 510200 Salaries - Overtime 5,000 65 - 65 0% 65 $ - 65 0% 510399 Tips Paid Through Payroll - 12,444 8,251 4,193 51% 12,444 $ 8,251 4,193 51% 510400 FICA Taxes 162,092 11,041 9,404 1,637 17% 11,041 $ 9,404 1,637 17% 510500 IMRF 54,760 4,791 3,958 833 21% 4,791 $ 3,958 833 21% 590600 Health Insurance 102,600 8,308 7,162 1,146 16% 8,308 7,162 1,146 16% 52XXXX Contractual Services 222,266 26,095 19,870 6,226 31% 26,095 19,870 6,226 31% 53XXXX Commodities 195,000 12,070 11,700 369 3% 12,070 11,700 369 3% Total Operating Expenses $ 2,407,768 $ 189,026 $ 162,641 $ 26,385 16% $ 189,026 $ 162,641 $ 26,385 16% Operating Income (Loss) $ 131,152 $ (110,525) $ (94,134) $ (16,390) 17% $ (110,525) $ (94,134) $ (16,390) 17% Operating Income (Loss) Percentage 4% -96% -90% -96% -90% 2/24/2026 Page 1 of 2 Page 10 of 21  RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of January 31, 2026 ORG/ 2026 MONTH YEAR-TO-DATE OBJECT DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF KEY METRICS Goal Revenue Source: Restaurant & Bar N/A $ 78,844 $ 63,215 $ 15,630 25% $ 78,844 $ 63,215 $ 15,630 25% Banquets N/A 36,005 41,833 (5,827) -14% 36,005 41,833 (5,827) -14% Other N/A 91 12 79 666% 91 12 79 666% Total $ 3,548,200 $ 114,941 $ 105,059 $ 9,882 9% $ 114,941 $ 105,059 $ 9,882 9% Reserve 22 Revenues (Last 12 Months) $ 3,548,200 $ 3,626,457 $ 3,622,896 $ 3,560 0% Reserve 22 Expenses (Last 12 Months) $ 3,417,048 $ 3,478,124 $ 3,361,290 $ 116,833 3% # Guest Checks (Restaurant/Bar) N/A 1,519 1,316 203 1,519 1,316 203 Revenue Per Guest Check N/A $ 51.91 $ 48.04 $ 3.87 $ 51.91 $ 48.04 $ 3.87 # Guests (Restaurant/Bar) N/A 2,321 2,043 278 - 2,043 (2,043) Average Guest Spend N/A $ 33.97 $ 30.94 $ 3.03 #DIV/0! $ 30.94 #DIV/0! Cost of Goods Sold % 28% 32% 35% -3% 32% 35% -3% Cost of Goods Sold % (By Category): Cost of Goods Sold - Beer 26% 10% 47% -37% 10% 47% -37% Cost of Goods Sold - Wine 31% 26% 35% -9% 26% 35% -9% Cost of Goods Sold - Liquor 21% 16% 11% 5% 16% 11% 5% Cost of Goods Sold - NA Beverages 52% 138% 51% 87% 138% 51% 87% Cost of Goods Sold - Food 32% 37% 40% -3% 37% 40% -3% Personnel Expenses as % of Revenues 56% 120% 117% 3% 120% 117% 3% Prime Cost (Cost of Goods Sold + Personnel Expenses) as % of Revenues 85% 152% 152% 0% 152% 152% 0% 2/24/2026 Page 2 of 2 Page 11 of 21  VILLAGE LINKS / RESERVE 22 MONTHLY CASH INCREASE/DECREASE HISTORY (000) Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2016 (114) (20) 41 (109) 206 296 186 237 160 36 (76) (671) 2017 (114) 42 (218) (57) (11) 223 328 291 72 (69) (151) (681) 2018 (113) (50) (157) (56) 216 153 291 92 165 (102) (160) (716) 2019 (144) (53) (138) (136) 99 304 319 171 146 (64) (148) (680) 2020 (173) (21) (43) (225) 69 516 237 500 214 (23) (21) (843) 2021 (135) (26) 96 172 371 412 220 431 272 127 (137) (852) 2022 (173) 19 (130) (48) 40 289 111 474 228 105 (115) (611) 2023 (181) (45) (196) 53 503 177 449 426 264 73 (231) (492) 2024 (269) (144) (31) (215) 133 145 584 301 (80) 204 (436) (401) 2025 (296) (110) (138) (81) 31 323 386 461 288 (137) 18 (487) 2026 (716) Avg (221) (41) (91) (70) 166 284 311 338 173 15 (146) (643) Best (113) 42 96 172 503 516 584 500 288 204 18 (401) Worst (716) (144) (218) (225) (11) 145 111 92 (80) (137) (436) (852) NEXT 12 MONTH CASH BALANCE SCENARIOS 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2027 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Avg 1,955 1,864 1,793 1,959 2,243 2,554 2,892 3,065 3,080 2,934 2,291 2,070 Best 2,038 2,134 2,306 2,809 3,325 3,909 4,409 4,697 4,901 4,919 4,518 4,405 Worst 1,852 1,634 1,409 1,397 1,542 1,653 1,745 1,665 1,528 1,092 240 (476) January 2026 Cash On Hand 1,996 Page 12 of 21  22 “Committed to Excellence since 1967” Manager’s Report for January 2026 Submitted by Noel Allen, General Manager January 2026 provided climates typical from multiple seasons starting warm and ending very cold. Looking at January observations from O’Hare, average temperature was 21.9°F (3.3°F below normal), precipitation was 2.53” (0.54” above normal), and snowfall was 11.3” (normal). GOLF Rounds played were up 79% for the month, and are up 79% for the year. Green Fee revenue was up 82% for the month, and is up 82% for the year. Driving Range revenue was up 53% for the month, and is up 53% for the year. Motor Car revenue was flat for the month, and is flat for the year. Pro Shop sales were up 2% for the month, and are up 2% for the year. Overall Golf revenues were up 19% for the month, and are up 19% for the year. Page 13 of 21 VILLAGE LINKS GOLF The weather as measured by golf playable hours this January was slightly worse than a normal year, and the same as last year. Obviously, this has little to no impact on the success of this upcoming year. That said, revenues in all golf categories were up in January. Rounds played were up 30 or 79% over last January and 41 better than our January target of 27 rounds. Resident, VIP card, and Permanent Tee Time registrations are up this year and junior and adult instructional registrations will begin in early February. Marketing and communication efforts were ahead of schedule with our annual Spring Newsletter, which could be part of what drove the increases in sign-ups. We are also watching results from the warmer climate states to see if the golf industry is maintaining the high enthusiasm golf has enjoyed for the past several years. Looking at the most recent Golf DataTech National Rounds Played report, most southern active regions saw increases in activity in December. Golf staff was busier than usual this January, finishing repairing some work spaces in the clubhouse, as well as assisting in prepping golf cars to be traded in, and receiving our new fleet in the middle of the month. Staff shuttled cars between the clubhouse and maintenance facilities in the frigid cold so Tagmarshal could remove all GPS devices and re-install them into our new Yamaha golf cars. Director of Golf, Mike Campbell, and Head Golf Professional, Vince Crovetti, attended the annual PGA Show, a gathering of industry leaders and vendors that offers educational and networking opportunities, as well as merchandise, technology and supply vendors showing off their goods and services. January is also a very busy month for planning and scheduling golf outings which can be an intensive process from the first inquiry to signing a contract. This year we have seen a few regular groups discontinuing their outings, while also adding a few new groups in their place. Page 14 of 21 RESERVE 22 We ended January at $114,941 vs prior year of $105,266, up 9.2% vs the prior year, an increase of $9,675 in top line sales. While our foot traffic is less than our very busy past December, we are seeing traction with the expanded and improved upon décor of the Winter Wonderland theme. At a deeper look for the start of the year, food and liquor revenues are higher than past year, beer sales are near flat, and wine sales are down. We also opted to extend hours of operation vs the prior year in hopes to generate more revenue and give us a better launching pad for the upcoming golf season. Throughout the month of January, the Winter Wonderland drink program was updated in addition to a few new tweaks to our food menu. Most notably the Beef Stroganoff and Mediterranean Chicken additions have been trending nicely with guest preference. We also introduced new promotions for Wednesday and Thursday that should continue through the end of February complementing our ongoing happy hour promotions. We also launched a new partnership with “Humankind” a local Health and Wellness app built by a local Glen Ellyn resident. As they are promoting the app to local Glen Ellyn residents, we hope to gain traction with it in the coming months as a preferred food and beverage partner. Four family events with “Princess Elsa” were hosted on Sunday nights in January which continue to enhance the Winter Wonderland theme. Attendance remained strong for her appearances and we identified a better system to ensure she rotates her time visiting tables more consistently and evenly. We plan to continue her visits throughout February. Looking at our OpenTable feedback, we maintained our 4.5 score again from our guests with 42 surveys taken this past month. We actively responded to any unsatisfactory reviews in hopes to recover any missed opportunities and continue to bring awareness to staff about food quality and service issues. Looking ahead we are considering upgrading to the OpenTable PRO platform for added marketing tools for the 2026 year. Page 15 of 21 In banquets we executed 16 events vs prior year of 22 events, and had one group wish to rebook sometime in the upcoming months. Diving a bit deeper into our lead numbers, for the last 6 months we converted roughly 23.2% of all leads that came into our funnel, and for the month of January our conversion rate was roughly 27.4%. Looking ahead, February and March banquet inquiries are slightly better than January, however still a bit behind prior year. We are receiving a considerable increase in the number of inquiries for April and are on track to beat last year April revenues. Our next banquet sales team meeting will be held in February to continue working on strategies to create leads through our new partner and referral programs. Finally, we have finalized our new large party catering options and hope to be live on the website by the end of the February. This new category will allow us to call upon new outbound clients when inbound leads are softer than anticipated. We also plan on attending another networking event this upcoming month to continue to meet new business clients in the community. Page 16 of 21 KEY METRICS Year to date comparisons to targeted budget numbers are very good with total revenues exceeding total target revenues by $41K. This is somewhat misleading due to the last remnants of COVID’s disruption to our business, but will even out throughout the year. All revenue categories exceeded target revenue benchmarks even with an increase in total revenue budget of $217,150. Page 17 of 21 Breaking down some comparative metrics: January 2026 GPH flat from January 2025 and down 100% from a "normal" year January 2026 YTD GPH flat from January 2025 YTD and down 100% from a "normal" year December 2025 Golf Datatech Chicagoland rounds played down 22.5% December 2025 Village Links rounds played down 67% - Normally we are stronger than the Chicagoland metric YTD through December 2025 Golf Datatech Chicagoland rounds played flat 0.0% YTD through December 2025 Village Links rounds played down 1% - normally we are stronger than the Chicagoland metric but we opened for the season 17 days later in 2025 and many courses were not as aggressive as we were in 2024 2026 YTD total revenue $40,970 over YTD budget target (2025 January YTD total revenue was over YTD budget target by $18,912. (Note: 2026 targets were increased by $217,150) Golf cars grounded 31 days in January 2026 and 31 days in January 2025 January 2026 R22 restaurant, bar and concessions sales up 24.4% YTD 2026 R22 restaurant, bar and concessions sales up 24.4% January 2026 R22 banquet sales down 15.5% YTD 2026 R22 banquet sales down 15.5% January 2026 R22 Total Revenues up 9.2% YTD 2026 R22 Total Revenues up 9.2% Page 18 of 21 GOLF COURSE GROUNDS AND MAINTENANCE Winter remains a busy season for the Grounds team. Between essential maintenance required to prepare the golf course and making productive use of clubhouse downtime to ensure facilities remain in excellent condition, the workload rarely slows. Tree work is well underway, with crews removing storm-damaged, diseased, and structurally compromised trees (including those affected by rot, insects, or previous storm events). Additionally, several trees located too close to playing surfaces are being removed to improve overall playing conditions and turf health. Grounds staff have also begun replacing emergency lights throughout R22. These fixtures have reached the end of their 10-year battery lifespan, and replacement batteries are no longer available, requiring full fixture replacement. The new emergency lights are brighter, lower profile, and provide a cleaner, more modern appearance. All other exit signs were able to have their batteries replaced and are now set for another 10 years of service. Another winter focus has been servicing and tuning small equipment. Our Equipment Manager continues the meticulous process of rebuilding cutting unit reels to ensure equipment is fully prepared and downtime is minimized during the growing season. During a late December thaw, staff observed that all bunkers were draining properly with no standing water. However, early January storms brought strong winds and over two inches of rain, washing out the majority of bunkers. As a result, the Grounds team will begin the 2026 season with a full bunker restoration effort to return them to playable condition. Contracts are also being reviewed and finalized for outsourced work, including Forestry Mulching and Pond Treatments. Grounds 1. Monitoring weather for any adverse effects of greens 2. Snow & ice removal as required 3. Working on course accessory upgrades and repairs 4. Continuing to review practices and plans for the year ahead 5. Takedown of Christmas lights on exterior of building and golf course entrance 6. Coordinating delivery of capital items 7. Formulating hiring plans for part-time & seasonal staff 8. Preparing for GCSAA Conference & Trade Show for education, networking, and updates on new and upcoming products and technologies 9. Tree removals of dead, dying, and safety concerns, or allowing for better course conditions 10. Tropical plants continue to be monitored, cleaned, and watered in the basement 11. Panfish and Lambert Lake garbage picked up as needed 12. Working with Greg Martin regarding various planting ideas 13. Planning new pollinator beds throughout the course Page 19 of 21 14. Coordinated and worked over 2-week span in FREEZING temperature with golf clubhouse staff and TagMarshal to transport old carts for GPS removal and new carts for GPS installation Mechanical and Building Maintenance 1. 16 pieces of equipment were repaired and/or serviced 2. All greens mower and tee mower reels rebuilt and sharpened 3. Fairway reels assessment and servicing began 4. Deep cleaning of all maintenance buildings 5. Coordinated and worked with golf clubhouse and R22 staff of transition from Holiday Pop-Up to Winter wonderland in R22 6. Exit sign battery replacement in R22 7. Began replacing end of life emergency lights throughout clubhouse 8. Started researching attic insulation upgrades in clubhouse 9. Water cleanup from frozen pipe used for Pro Shop coffee maker 10. All clubhouse carpets cleaned with the exception of the Banquet Room which will be completed following the annual Chili Cookoff Page 20 of 21 Our new golf cars ready for staff transport with our The first semi-truck load of our new golf car fleet old cars loaded and ready to be taken away. arrived on January 21. Emergency lights were replaced throughout Debris from a heavy rainstorm in January R22. Bottom picture is of our new low profile that raised water levels past their banks more modern light fixture and onto the golf course. One of several damaged (split) trees Damaged trees throughout the course that were removed during the month. were removed for safety. Page 21 of 21