Recreation Commission

Agenda Village of Glen Ellyn Recreation Commission Meeting Friday, June 26, 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 May 29, 2026 Meeting D. Standing Reports 1) Financials - Noel Allen 2) Manager's Report Golf - Mike Campbell Reserve 22 - David Manseau Grounds - Andrew Cross 3) Trustee Liaison - Steve Thompson E. Old Business F. New Business 1) Chairperson Scott Final Meeting - THANK YOU 2) New Chairperson Tony Coconate 3) Recommended New Commissioner Debbie Burzynski G. Next Meeting - July 31, 2026 H. 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 23 Village of Glen Ellyn Minutes Village of Glen Ellyn Recreation Commission Regular Meeting Commission May 29, 2026 7:00 AM Village Links/Reserve 22 Board or Recreation Date: May 29, 2026 Commission: Meeting: Regular Called to 7:00 a.m. Order: Quorum: Yes Adjourned: 8:35 a.m. MEMBER ATTENDANCE: Carol Scott Chairperson Present Nancy Carter Commissioner Present Tony Coconate Commissioner Present Scott Coldiron Commissioner Present James Ozog Commissioner Present via remote participation Rick Quoss Commissioner Present Tom Slowinski Commissioner Present Also Present: Noel Allen General Manager Village Links Andrew Cross Golf Course Superintendent Steve Thompson Village Trustee David Manseau Director of Food and Beverage Mike Campbell Director of Golf Trevor Hollowed Golf Operations Manager Public A. CALL TO ORDER/ROLL CALL The May 29, 2026 meeting of the Recreation Commission was called to order at 7:00 a.m. at the Village Links of Glen Ellyn; 485 Winchell Way; Glen Ellyn, Illinois by Chairperson Scott. B. PUBLIC COMMENT – None C. MOTION TO APPROVE JAMES OZOG REMOTE PARTICIPATION – Commissioner Slowinski motioned to approve Commissioner James Ozog to participate remotely; Commissioner Coldiron seconded the motion. The motion passed unanimously. Page 2 of 23  Recreation 2 May 29, 2026 D. APPROVAL OF MINUTES FROM April 24, 2026 – Commissioner Coconate motioned to approve the minutes from April 24, 2026; Commissioner Carter seconded the motion. The motion unanimously passed. E. STANDING REPORTS 1. Financial – Noel Allen – Manager Allen provided several financial updates. Total April revenues increased by more than $83,000, or 14%, compared to the prior year, making it the highest-grossing April in Village Links history. Golf revenues were up 6% year over year, while Reserve 22 revenues increased 28%, representing a strong rebound from the previous month. Total operating expenses decreased by approximately $58,000, or 10%, compared to the prior year. Allen noted that the combination of higher revenues and lower expenses resulted in a monthly operating profit of approximately $150,000. Cash reserves currently stand at $1.9 million, an increase of approximately $113,000. 2. Manager’s Report A. Golf – Mike Campbell – Director Campbell provided an update on golf operations. April marked the start of permanent tee times, which launched successfully. The Ladies Clinics began at the end of the month, and the course hosted two Saturday group events during April. Pro shop sales remained consistent with the prior year, while approximately $53,000 in new merchandise was added to inventory. Campbell also reported that the majority of the golf leagues have now begun their seasons. B. Reserve 22 – Director Manseau provided several updates on operations at Reserve 22. April revenues totaled approximately $268,000, representing a 24% increase over March revenues of $217,000. Manseau reported that Reserve 22 unveiled the first phase of its spring/summer menu transition. Lower-performing menu items were removed and replaced with new offerings, including a salad and pasta dish, while popular favorites such as the crab cakes were brought back. The wedge salad portion size was also increased based on guest feedback. Happy hour promotions continue to perform well, and Reserve 22 plans to maintain its beverage-focused discounts, including specials on beer, Manhattans, and Old Fashioneds. Food items are not included in the discounted offerings. The Masters- themed menu promotion was also well received by guests. Easter service welcomed more than 400 guests. Manseau noted that several elevated menu offerings were introduced for the holiday and that the team may consider streamlining some of those options in the future. In preparation for the season, the outdoor patio was also power washed. Reserve 22’s OpenTable rating remains strong at 4.55. Manseau noted that staff continues to encourage guest feedback to help maintain service standards and identify opportunities for improvement. Banquet business also performed well, with revenues increasing approximately 40% compared to the prior year. Page 3 of 23  Recreation 3 May 29, 2026 C. Grounds – Superintendent Cross provided several updates on grounds operations. April was a busy month as staff prepared the course and facilities for the peak season, making significant progress on a number of projects. Cross reported that the forestry mulching contractor completed work at the end of April. Drainage improvements remained a major focus, particularly near Hole No. 2, with one additional fairway drainage project still to be completed. Irrigation systems were pressurized and brought online during April, and bunker edging efforts began in earnest throughout the course. The pond treatment contractor began work on May 1. Additional facility improvements included replacing all lighting in the hallway and bar areas, pressure washing the patio, and repainting the high-top wall. Grounds crews also seeded numerous rough areas across the course and continued to focus on repairing tee divots to improve playing conditions. Cross added that seasonal staffing is now in place, positioning the grounds team well for the busy golf season ahead. 3. Trustee Liaison – Steve Thompson - Trustee Thompson provided several Village Board updates. He reported that the Board approved the Village’s ADA Transition Plan for sidewalks. During the discussion, the Village’s consultant noted that Glen Ellyn is ahead of many peer communities in the western suburbs in its efforts to identify and address accessibility improvements. Trustee Thompson also shared that the Village Board recently discussed demolition permit fees and zoning variation fees. Staff is evaluating adjustments to these fees, as Glen Ellyn’s current rates are below those of many comparable communities, with the goal of bringing them more in line with peer municipalities. Regarding the proposed sidewalk on Cottage Avenue between Main Street and Forest Avenue, Thompson noted that the Village Board ultimately voted not to proceed with the installation due to concerns about the potential impact on a large, mature bur oak tree located along the corridor. He emphasized that the decision was based on the unique circumstances of the site and is not representative of the Board’s typical approach to sidewalk projects, which generally prioritize connectivity and pedestrian safety. Finally, Thompson reported that the Historic Preservation Incentive Program pilot has been well received. The program provides matching grants of up to $10,000 for preservation-related improvements to qualifying homes that are at least 50 years old. Given the program’s success and community interest, the Village Board intends to continue funding the program next year. 2026 R22 Operation Presentation – David Manseau – Director Manseau provided the Recreation Commission with an overview of 2026 Reserve 22 operations, noting the continued momentum from 2025 and Reserve 22’s ongoing role as a key contributor to the success of Village Links. The presentation emphasized a continued focus on revenue growth, cost control, menu innovation, expanded programming and events, and overall operational consistency. Page 4 of 23  Recreation 4 May 29, 2026 Manseau reported annual revenue of approximately $3.6 million, supported by strong performance in December, driven in part by the Winter Wonderland event, as well as a record-setting Thanksgiving. He noted that despite ongoing pressures from labor costs and inflation, the operation remains financially strong and well positioned moving forward. Special Events – Legacy events such as Easter, Mother’s Day, and Thanksgiving continue to perform strongly. Newer and expanded programming including Elsa events, the chili cook-off, Winter Wonderland, Santa experiences, and “Lunch with the Grinch” has also shown strong engagement. The New Year’s Eve kids’ event drew approximately 100 attendees, reinforcing strong family-oriented participation trends at Reserve 22. Culinary and Beverage Enhancements – The team has continued to refresh and elevate menu offerings, with a focus on innovation and providing guests with new dining experiences. Marketing and Visibility – Manseau reported increased social media activity highlighting events and programming. Industry Context and Financial Performance – He noted ongoing profitability challenges across the restaurant industry, citing that a significant percentage of operators remain unprofitable and that restaurant food pricing trends continue to outpace groceries. He emphasized the importance of protecting margins and ensuring strong vendor accountability, noting that Chef Tom actively reviews product quality and seeks credits when expectations are not met. Reserve 22’s OpenTable rating remains strong at 4.5. Concessions revenue is up approximately 9%, supported by improved stocking and new offerings. Staffing and Operations – Efforts continue to focus on training, retention, and accountability. Staff received updated training on the new menu, with an emphasis on service consistency and performance standards. Operational improvements include aligning staffing schedules with demand, cross-training employees for flexibility, and ongoing training to maintain high service levels. Manseau concluded by reviewing 2026 revenue targets with the Commission and emphasized a continued focus on responsible growth aligned with Village priorities. The Recreation Commission thanked Director Manseau for the presentation. F. OLD BUSINESS – 1. Village Links Golf Demographics – Manager Allen presented a summary demographic report to the Recreation Commission (see attached). He noted that approximately 31% of golf rounds occur on weekends and 57% on weekdays, with usage showing an even 50/50 split between 9-hole and 18-hole play. 2. Panfish Park Master Plan Timeline – Manager Allen reported that he attended a meeting last Saturday and provided the Recreation Commission with an update on the Panfish Park Master Plan timeline and overall project direction. G. NEW BUSINESS – Manager Allen reported that Julie was successful in securing WGN to come on-site for a live segment. The visit will include light promotional skits. Staff is Page 5 of 23  Recreation 5 May 29, 2026 planning to utilize the patio area and will offer a value-driven buffet to encourage early morning attendance and increase guest engagement. H. NEXT MEETING – June 26, 2026 I. ADJOURNMENT Commissioner Coconate motioned and Chairperson Scott seconded to adjourn the meeting. The meeting was adjourned at 8:35 a.m. Submitted by Elisa Pollina, Recording Secretary Reviewed by Noel Allen, Staff Liaison Page 6 of 23  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) (31) (162) 113 187 Avg (221) (40) (98) (54) 168 284 311 338 173 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 2027 2027 2027 2027 2027 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Avg 2,387 2,698 3,036 3,209 3,224 3,078 2,435 2,214 2,174 2,076 2,023 2,190 Best 2,619 3,203 3,703 3,991 4,195 4,213 3,812 3,699 3,741 3,837 4,009 4,512 Worst 2,248 2,359 2,451 2,371 2,234 1,798 946 230 86 (132) (357) (369) May 2026 Cash On Hand 2,103 Page 7 of 23  18-Jun-26 Month-End Cash on Hand ($1,000's) X:\Village Links\Golf\Noel Allen\GM\Monthly Files\COHHIST.XLS '95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '26 JAN 1457 944 1029 1498 2098 2653 2977 3111 6970 2173 1616 1622 1719 2282 2302 2129 2126 2181 6269 1521 1104 1356 1529 1182 713 359 584 1497 1678 2391 2156 1996 FEB 1448 919 1090 1608 2122 2710 3031 3170 6830 2210 1603 1646 1743 2294 2318 2096 2126 2182 6233 1251 1041 1336 1571 1132 660 338 559 1516 1634 2247 2047 1964 MAR 1361 817 1094 1574 2097 2740 3049 3146 6772 2112 1591 1612 1741 2234 2268 2108 2086 2203 5306 1174 1050 1377 1353 975 522 295 655 1387 1438 2216 1909 1803 APR 1311 739 965 1549 2000 2761 2890 3108 6489 1928 1504 1623 1786 2271 2228 2168 1989 2273 4828 1224 1117 1268 1295 919 386 70 827 1339 1491 2001 1828 1916 MAY 1270 981 1075 1672 2255 2737 3075 3103 5773 1874 1644 1733 1955 2374 2365 2305 2094 2383 4653 1354 1197 1474 1284 1135 485 139 1198 1378 1994 2134 1858 2103 JUNE 1007 1204 1300 1945 2348 2754 3054 3213 5510 1819 1828 1863 2156 2478 2352 2419 2271 2595 3405 1384 1351 1770 1507 1288 788 655 1610 1667 2171 2279 2182 JULY 1423 1299 1581 2158 2604 3055 3322 3433 4820 2079 2001 2109 2456 2771 2383 2523 2412 2803 3347 1690 1706 1957 1834 1579 1107 891 1830 1778 2620 2864 2568 AUG 1549 1446 1763 2345 2798 3238 3462 3553 4019 2270 2154 2308 2541 2962 2586 2744 2627 2969 2589 1867 2059 2194 2125 1671 1278 1392 2260 2252 3046 3165 3029 SEPT 1503 1438 1886 2436 2971 3369 3573 3663 3895 2386 2185 2345 2759 3096 2771 2896 2740 3035 2801 2005 2297 2354 2197 1835 1424 1605 2532 2481 3310 3085 3317 OCT 1427 1265 1904 2488 3025 3390 3532 3553 2845 2274 2222 2321 2809 3038 2681 2864 2760 3004 2456 2015 2200 2390 2127 1734 1360 1582 2659 2585 3383 3289 3179 NOV 1300 1142 1760 2354 2897 3247 3330 3347 2580 2102 2110 2207 2720 2928 2601 2593 2686 7865 2259 1867 2158 2314 1976 1573 1212 1562 2522 2471 3152 2853 3198 DEC 999 1092 1644 2205 2751 3058 3226 2874 2333 1713 1716 1832 2360 2413 2202 2216 2284 6768 1633 1204 1470 1643 1295 858 532 719 1670 1859 2661 2452 2711 AVG 1338 1107 1424 1986 2497 2976 3210 3273 4903 2078 1848 1935 2229 2595 2421 2422 2350 3355 3815 1546 1563 1786 1674 1323 873 800 1575 1851 2382 2581 2498 1956 Low Point 999 739 965 1498 2000 2653 2890 2874 2333 1713 1504 1612 1719 2234 2202 2096 1989 2181 1633 1174 1041 1268 1284 858 386 70 559 1339 1438 2001 1828 1803 MONTH +/- is the monthly increase/decrease to cash MONTH +/- 95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '25 JAN -211 -55 -63 -146 -106 -98 -81 -115 4096 -159 -98 -94 -113 -78 -111 -73 -76 -103 -499 -112 -100 -114 -114 -113 -144 -173 -135 -173 -181 -269 -296 -716 FEB -9 -25 61 110 24 58 55 59 -140 36 -13 23 24 12 16 -34 0 1 -35 -270 -63 -20 42 -50 -53 -21 -26 19 -45 -144 -110 -31 MAR -87 -102 5 -33 -25 30 17 -24 -58 -98 -11 -34 -3 -60 -50 13 -40 21 -927 -77 9 41 -218 -157 -138 -43 96 -130 -196 -31 -138 -162 APR -50 -78 -129 -26 -97 21 -159 -38 -282 -183 -88 11 45 37 -40 60 -97 70 -478 50 67 -109 -57 -56 -136 -225 172 -48 53 -215 -81 113 MAY -41 242 110 123 255 -24 185 -5 -717 -54 140 110 169 103 137 137 105 110 -175 130 80 206 -11 216 99 69 371 40 503 133 31 187 JUNE -263 223 225 273 93 17 -21 110 -263 -56 185 130 201 104 -13 114 177 212 -1248 30 153 296 223 153 304 516 412 289 177 145 323 JULY 416 95 281 213 256 301 268 220 -690 261 173 246 300 293 31 104 141 208 -58 306 356 186 328 291 319 237 220 111 449 584 386 AUG 126 147 182 187 194 183 140 120 -801 191 153 199 85 191 203 221 214 166 -758 177 352 237 291 92 171 500 431 474 426 301 461 SEPT -46 -8 123 91 174 131 111 110 -124 116 30 37 218 134 185 152 113 66 212 138 239 160 72 165 146 214 272 228 264 -80 288 OCT -76 -173 18 52 53 21 -42 -110 -1050 -113 37 -24 49 -58 -90 -32 20 -30 -345 10 -97 36 -69 -102 -64 -23 127 105 73 204 -137 NOV -127 -123 -144 -135 -127 -143 -201 -207 -265 -172 -113 -114 -88 -111 -80 -272 -73 4861 -198 -148 -42 -76 -151 -160 -148 -21 -137 -115 -231 -436 18 DEC -301 -50 -116 -149 -147 -189 -104 -473 -247 -389 -393 -375 -360 -514 -399 -377 -402 -1098 -626 -663 -689 -671 -681 -716 -680 -843 -852 -611 -492 -401 -487 WINTER=Dec-Jan-Feb SPRING=Mar-Apr-May SUMMER=Jun-Jul-Aug FALL=Sep-Oct-Nov -438 -476 -181 -549 -384 -528 -342 3799 -956 -663 -589 -551 -830 -813 -746 -673 -590 -393 -385 -713 -318 0 WINTER -521 -130 -118 -186 -229 -230 -131 -528 3709 -512 -504 -445 -449 -580 -494 -483 -477 -1200 -1160 -1044 -851 -805 -753 -879 -877 -1,037 -1,012 -765 -717 -815 -892 -747 SPRING -178 62 -15 64 133 27 44 -67 -1057 -335 41 87 212 80 47 210 -33 201 -1580 103 156 138 -287 3 -176 -199 639 -138 360 -113 -188 138 SUMMER 279 465 688 673 542 501 387 450 -1754 396 511 575 586 588 221 439 533 586 -2064 513 861 720 841 535 793 1,253 1,063 874 1,052 1,031 1171 0 FALL -249 -304 -3 9 100 9 -132 -206 -1440 -168 -45 -101 179 -35 15 -151 60 4896 -330 0 100 120 -149 -97 -66 170 262 218 106 -312 169 0 YTD +/- is theYTD increase/decrease to cash YTD +/- 95 '96 '97 '98 '99 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 '25 '25 JAN -211 -55 -63 -146 -106 -98 -81 -115 4096 -159 -98 -94 -113 -78 -111 -73 -76 -103 -499 -112 -100 -114 -114 -113 -144 -173 -135 -173 -181 -269 -296 -716 FEB -220 -80 -2 -37 -83 -41 -27 -56 3956 -123 -111 -70 -89 -66 -95 -106 -75 -102 -535 -382 -163 -134 -72 -163 -197 -194 -160 -154 -226 -414 -405 -747 MAR -308 -182 2 -70 -108 -11 -9 -80 3898 -221 -122 -104 -91 -126 -145 -93 -116 -81 -1462 -459 -154 -93 -290 -320 -335 -237 -64 -283 -422 -445 -543 -908 APR -357 -260 -127 -96 -205 10 -168 -118 3616 -404 -210 -93 -46 -89 -185 -34 -213 -11 -1939 -409 -87 -202 -348 -376 -471 -463 108 -331 -368 -660 -624 -795 MAY -398 -18 -17 28 51 -14 17 -123 2899 -458 -70 17 123 14 -48 103 -108 98 -2115 -279 -7 4 -359 -160 -373 -393 479 -292 135 -526 -593 -608 JUNE -661 205 208 301 143 3 -4 -14 2636 -514 115 147 324 118 -61 217 69 311 -3362 -249 147 301 -136 -7 -69 122 891 -3 311 -381 -270 JULY -245 300 489 513 399 304 264 207 1946 -253 288 393 624 411 -30 321 211 518 -3420 57 502 487 191 283 250 359 1111 108 760 203 116 AUG -119 447 671 700 593 487 404 327 1145 -62 441 592 709 602 173 542 425 684 -4179 234 854 724 482 376 421 859 1542 582 1187 504 577 SEPT -165 439 794 792 767 618 516 437 1021 54 472 629 927 736 358 695 538 750 -3966 372 1093 884 554 540 566 1073 1813 811 1451 424 865 OCT -241 266 812 844 820 639 474 327 -29 -59 509 605 977 678 268 663 558 720 -4311 382 996 921 484 439 503 1050 1940 915 1524 628 727 NOV -368 143 668 709 693 496 272 121 -294 -231 396 491 888 567 188 391 484 5581 -4509 234 954 844 333 278 354 1029 1803 801 1293 192 746 DEC -669 93 552 560 546 307 168 -352 -541 -619 3 116 528 53 -212 14 83 4483 -5135 -429 266 173 -348 -437 -326 187 951 189 801 -209 259 Page 8 of 23  Village Links / Reserve 22 Dashboard Financial Reports As of May 31, 2026 Year-To-Date Net Income Year-to-Date Operating Income (Including Capital and Debt Expenditures) (Excluding Capital and Debt Expenditures) $1,500,000 $2,200,000 $1,300,000 $2,000,000 $1,100,000 $1,800,000 $900,000 $1,600,000 $1,400,000 $700,000 $1,200,000 $500,000 $1,000,000 $300,000 $800,000 $100,000 $600,000 $(100,000) $400,000 $(300,000) $200,000 $- $(500,000) 2022 $(200,000) $(700,000) 2023 $(400,000) $(900,000) 2024 $(600,000) $(1,100,000) 2025 $(800,000) $(1,300,000) 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 $500,000 $4,300,000 $4,100,000 $400,000 $3,900,000 $300,000 $3,700,000 $3,500,000 $200,000 $3,300,000 $100,000 $3,100,000 $2,900,000 $- $2,700,000 $(100,000) $2,500,000 $(200,000) $(300,000) 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 6/18/2026 Page 1 of 124 Page 9 of 23  VILLAGE LINKS / RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of May 31, 2026 2026 MONTH YEAR-TO-DATE ORG DESCRIPTION BUDGET 2026 2025 DIFF % DIFF 2026 2025 DIFF % DIFF REVENUES: 5500 Village Links Revenues $ 4,808,500 748,117 $ 691,272 $ 56,844 8% 1,363,021 $ 1,230,371 $ 132,651 11% 5520 Reserve 22 Revenues 3,548,200 474,668 425,797 $ 48,870 11% 1,147,108 1,052,811 $ 94,297 9% Total Revenues $ 8,356,700 $ 1,222,785 $ 1,117,070 $ 105,715 9% 2,510,129 $ 2,283,182 $ 226,947 10% EXPENDITURES: 55700 Administration $ 757,501 70,698 $ 67,005 $ 3,693 6% 323,862 $ 347,730 $ (23,868) -7% 55710 Golf Course Maintenance 1,489,493 206,911 178,238 $ 28,672 16% 587,308 561,298 $ 26,010 5% 55720 Golf Services 1,135,780 125,281 143,344 $ (18,063) -13% 381,590 342,117 $ 39,474 12% 55730 Reserve 22 3,417,048 451,066 430,497 $ 20,569 5% 1,277,299 1,198,010 $ 79,289 7% 55740 Stormwater Management 51,962 32,622 32,185 $ 437 1% 38,717 37,534 $ 1,182 3% 55750 Pro Shop Merchandise 185,272 12,139 23,103 $ (10,964) -47% 37,542 54,141 $ (16,599) -31% 55780 Motorized Carts 67,596 11,353 9,442 $ 1,911 20% 14,059 10,811 $ 3,247 30% 557X5 Mechanical Maintenance 411,169 49,625 40,694 $ 8,931 22% 184,349 150,608 $ 33,741 22% Total Operating Expenses $ 7,515,821 959,695 $ 924,508 $ 35,187 4% 2,844,726 $ 2,702,249 $ 142,476 5% Operating Income (Loss) $ 840,879 $ 263,090 $ 192,561 $ 70,528 37% (334,597) $ (419,068) $ 84,471 -20% Debt Service 303,900 - - - 0% - - - 0% Capital Expenditures 484,686 - 12,138 (12,138) -100% 457,800 400,079 57,721 14% CHANGE IN NET POSITION $ 52,293 $ 263,090 $ 180,424 $ 82,666 46% $ (792,397) $ (819,147) $ 26,750 -3% KEY METRICS Goal Personnel Expenses as % of Sales 51% 44% 47% -3% 62% 65% -3% Cash Balance (End of Month, in $000's) $ 1,878 $ 2,103 $ 1,858 $ 244 6/18/2026 Page 2 of 124 Page 10 of 23  VILLAGE LINKS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 GOLF (Including Administration, Grounds, & Mechanical Maintenance) As of May 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 $ 491,134 $ 445,247 $ 45,887 10% $ 846,798 $ 716,496 $ 130,302 18% 440554 Pro Shop - Sales 200,000 30,160 31,606 (1,446) -5% 59,977 60,081 (104) 0% 440555 Motor Carts 750,000 113,159 97,801 15,358 16% 172,950 145,305 27,645 19% 440556 Driving Range 575,000 92,004 87,096 4,907 6% 176,619 157,945 18,673 12% 440557 Resident Cards 35,000 6,170 5,935 235 4% 29,785 27,975 1,810 6% 460100 Investment Income 80,000 3,182 11,066 (7,884) -71% 25,364 39,549 (14,185) -36% 489000 Miscellaneous Revenue 118,500 12,275 12,508 (233) -2% 51,483 83,060 (31,577) -38% 489100 Miscellaneous - Over/Short - 34 14 20 148% 46 (40) 87 -215% Total Revenues $ 4,808,500 748,117 $ 691,272 $ 56,844 8% 1,363,021 $ 1,230,371 $ 132,651 11% COST OF GOODS SOLD: 520945 Cost of Goods Sold - Pro Shop $ 150,000 $ 8,893 $ 19,649 $ (10,756) -55% $ 25,643 $ 41,951 $ (16,308) -39% Total Cost of Goods Sold $ 150,000 $ 8,893 $ 19,649 $ (10,756) -55% $ 25,643 $ 41,951 $ (16,308) -39% Gross Profit $ 4,658,500 $ 739,223 $ 671,623 $ 67,600 10% $ 1,337,378 $ 1,188,420 $ 148,958 13% OTHER OPERATING EXPENSES: 510100 Salaries - Pensionable $ 1,414,815 $ 169,728 $ 152,048 $ 17,679 12% $ 561,978 $ 525,063 $ 36,915 7% 510120 Salaries - Non-Pensionable 463,410 62,961 83,079 (20,117) -24% 83,443 102,841 (19,398) -19% 510200 Salaries - Overtime 30,250 3,673 5,436 (1,763) -32% 4,603 7,288 (2,686) -37% 510400 FICA Taxes 145,999 17,770 18,105 (335) -2% 48,710 47,618 1,092 2% 510500 IMRF 80,234 9,512 8,034 1,477 18% 30,988 27,018 3,970 15% 590600 Health Insurance 165,600 17,329 15,511 1,818 12% 63,539 57,209 6,329 11% 52XXXX Contractual Services 1,125,865 138,122 114,516 23,606 21% 463,645 457,332 6,314 1% 53XXXX Commodities 522,600 80,641 77,632 3,009 4% 284,877 237,918 46,959 20% Total Operating Expenses $ 3,948,773 $ 499,735 $ 474,361 $ 25,374 5% $ 1,541,783 $ 1,462,288 $ 79,495 5% Operating Income (Loss) $ 709,727 $ 239,488 $ 197,262 $ 42,227 21% $ (204,405) $ (273,868) $ 69,463 -25% Operating Income (Loss) Percentage 15% 32% 29% -22% KEY METRICS Goal Rounds Played 85,000 13,709 12,520 1,189 24,863 21,241 3,622 Revenue Per Round $ 56.57 $ 54.57 $ 55.21 $ (0.64) $ 54.82 $ 57.92 $ (3.10) Resident Cards Sold N/A 336 327 9 2,469 2,255 214 Cost of Goods Sold % - Pro Shop 75% 29% 62% -33% 43% 70% -27% Personnel Expenses as % of Sales 48% 38% 41% -3% 58% 62% -4% 6/18/2026 Page 3 of 124 Page 11 of 23  VILLAGE LINKS STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 GOLF (Including Administration, Grounds, & Mechanical Maintenance) As of May 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 $ 5,960 $ 5,976 $ (16) $ 33,615 $ 33,164 $ 451 Hand Cart Rentals 30,000 $ 3,946 $ 3,942 4 10,014 8,929 1,085 Equipment Sold at Auction - $ - $ - - - 31,406 (31,406) Golf Club Rentals 10,000 $ 990 $ 1,010 (20) 990 1,520 (530) Locker Rentals 4,500 $ 450 $ 1,200 (750) 3,450 3,800 (350) Illinois Sales Tax (1.75%) 4,500 $ 429 $ 350 79 1,434 1,226 208 Glen Ellyn Food & Beverage Tax (1%) 500 $ 36 $ 30 6 145 124 21 Handicaps - $ - $ - - - - - Tree Donation - $ - $ - - - 1,000 (1,000) Misc. Outings 2,000 $ - $ - - 107 - 107 Miscellaneous 2,000 $ 464 $ - 464 1,730 1,892 (162) Total $ 118,500 $ 12,275 $ 12,508 $ (233) $ 51,483 $ 83,060 $ (31,577) 6/18/2026 Page 4 of 124 Page 12 of 23  RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of May 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 $ 261,818 $ 232,386 $ 29,432 13% $ 676,352 $ 630,497 $ 45,855 7% 441101 Liquor 480,000 64,589 59,901 4,688 8% 139,829 116,375 23,455 20% 441102 Beer 530,000 82,533 74,462 8,070 11% 161,242 139,594 21,647 16% 441103 Wine 232,000 24,242 23,822 420 2% 69,879 74,005 (4,126) -6% 441104 NA Beverages 113,000 16,150 12,349 3,801 31% 32,632 24,656 7,976 32% 441106 Room Charges 2,700 - - - 0% - 1,310 (1,310) -100% 441107 Service Charges 190,000 24,404 22,875 1,529 7% 57,093 65,722 (8,628) -13% 489000 Miscellaneous Revenue 500 932 2 930 46481% 10,080 653 9,428 1445% Total Revenues $ 3,548,200 $ 474,668 $ 425,797 $ 48,870 11% $ 1,147,108 $ 1,052,811 $ 94,297 9% 55730 COST OF GOODS SOLD: 530400 Cost of Goods Sold - Beer $ 137,800 $ 12,774 $ 18,216 $ (5,443) -30% $ 31,833 $ 36,635 $ (4,802) -13% 530401 Cost of Goods Sold - Wine 71,920 7,354 9,160 (1,807) -20% 19,245 21,643 (2,398) -11% 530402 Cost of Goods Sold - Liquor 100,800 16,639 15,311 1,328 9% 23,155 29,094 (5,938) -20% 530405 Cost of Goods Sold - NA Beverages 58,760 10,133 9,854 279 3% 20,413 16,307 4,106 25% 530420 Cost of Goods Sold - Food 640,000 99,504 90,410 9,094 10% 235,558 210,313 25,245 12% Total Cost of Goods Sold $ 1,009,280 $ 146,403 $ 142,951 $ 3,452 2% $ 330,205 $ 313,992 $ 16,212 5% Gross Profit $ 2,538,920 $ 328,265 $ 282,846 $ 45,418 16% $ 816,903 $ 738,818 $ 78,084 11% Gross Profit Percentage 72% 69% 66% 71% 70% 55730 OTHER OPERATING EXPENSES: 510100 Salaries - Pensionable $ 969,200 $ 117,841 $ 107,367 $ 10,474 10% $ 408,128 $ 366,978 $ 41,149 11% 510120 Salaries - Non-Pensionable 696,850 101,163 99,038 2,126 2% 230,344 229,199 1,145 0% 510200 Salaries - Overtime 5,000 1,713 619 1,094 177% 2,553 783 1,770 226% 510399 Tips Paid Through Payroll - (346) 3,150 (3,496) -111% 3,605 3,925 (320) -8% 510400 FICA Taxes 162,092 21,272 20,190 1,083 5% 59,131 54,680 4,451 8% 510500 IMRF 54,760 7,275 6,830 445 7% 25,560 22,167 3,393 15% 590600 Health Insurance 102,600 12,702 10,743 1,958 18% 46,787 39,393 7,394 19% 52XXXX Contractual Services 222,266 17,512 19,021 (1,508) -8% 92,833 91,954 879 1% 53XXXX Commodities 195,000 25,531 20,589 4,942 24% 78,154 74,938 3,216 4% Total Operating Expenses $ 2,407,768 $ 304,663 $ 287,547 $ 17,117 6% $ 947,094 $ 884,018 $ 63,076 7% Operating Income (Loss) $ 131,152 $ 23,601 $ (4,700) $ 28,301 -602% $ (130,191) $ (145,199) $ 15,008 -10% Operating Income (Loss) Percentage 4% 5% -1% -11% -14% 6/18/2026 Page 5 of 124 Page 13 of 23  RESERVE 22 STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION 22 As of May 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 $ 275,497 $ 239,912 $ 35,585 15% $ 729,112 $ 609,610 $ 119,501 20% Banquets N/A 130,450 128,558 1,892 1% 305,365 358,636 (53,271) -15% Other N/A 68,721 57,326 11,394 20% 112,632 84,565 28,067 33% Total $ 3,548,200 $ 474,668 $ 425,797 $ 48,870 11% $ 1,147,108 $ 1,052,811 $ 94,297 9% Reserve 22 Revenues (Last 12 Months) $ 3,548,200 $ 3,710,872 $ 3,576,702 $ 134,170 4% Reserve 22 Expenses (Last 12 Months) $ 3,417,048 $ 3,531,140 $ 3,368,626 $ 162,514 5% # Guest Checks (Restaurant/Bar) N/A 5,877 5,376 501 15,651 13,413 2,238 Revenue Per Guest Check N/A $ 46.88 $ 44.63 $ 2.25 $ 46.59 $ 45.45 $ 1.14 # Guests (Restaurant/Bar) N/A 9,255 8,367 888 23,982 20,695 3,287 Average Guest Spend N/A $ 29.77 $ 28.67 $ 1.09 $ 30.40 $ 29.46 $ 0.95 Cost of Goods Sold % 28% 31% 34% -3% 29% 30% -1% Cost of Goods Sold % (By Category): Cost of Goods Sold - Beer 26% 15% 24% -9% 20% 26% -7% Cost of Goods Sold - Wine 31% 30% 38% -8% 28% 29% -2% Cost of Goods Sold - Liquor 21% 26% 26% 0% 17% 25% -8% Cost of Goods Sold - NA Beverages 52% 63% 80% -17% 63% 66% -4% Cost of Goods Sold - Food 32% 38% 39% -1% 35% 33% 1% Personnel Expenses as % of Revenues 56% 55% 57% -3% 67% 68% -1% Prime Cost (Cost of Goods Sold + Personnel Expenses) as % of Revenues 85% 86% 91% -5% 96% 98% -1% 6/18/2026 Page 6 of 124 Page 14 of 23  22 “Committed to Excellence since 1967” Manager’s Report for May 2026 Submitted by Noel Allen, General Manager May 2026 was very dry with slightly below normal temperatures, exactly opposite the conditions from last month. Looking at observations from O’Hare, the average temperature was 60.1°F (0.5°F below normal) and precipitation was 1.17” (3.32” below normal). May was a great month for golf activity as we experienced only 2 Frost Delays, and carts were available 30 days on both the 18-Hole and 9-Hole courses (97% availability). GOLF Rounds played were up 9% for the month, and are up 17% for the year. Green Fee revenue was up 10% for the month, and is up 18% for the year. Driving Range revenue was up 6% for the month, and is up 12% for the year. Motor Car revenue was up 16% for the month, and is up 19% for the year. Pro Shop sales were down 5% for the month, and are up flat for the year. Overall Golf revenues were up 10% for the month, and are up 16% for the year. Page 15 of 23 VILLAGE LINKS GOLF The weather as measured by golf playable hours (GPH) this May was 9% worse than in May 2025, and 2% worse than a “normal” year. This is quite surprising with how well we performed in all areas of our operation. Our GPH metrics come from the DuPage Airport (KDPA) which may have recorded more rain than we did in Glen Ellyn. Cooler than normal temperatures may also be a factor in calculating GPH. No matter how they calculate the metric, the formula stays consistent and the YOY and Normal metrics are correct. Year-to-date indicates we are 8% worse than May YTD, and now only 2% better than a “normal” year. These figures show that our golf course utilization for May is outstanding with rounds played up 9% and capacity rounds theoretically down 9%. The May calendar included 5 Friday, Saturday and Sundays which contributed to another month where all golf revenue categories healthily exceeded budgeted monthly targets. All golf leagues have now begun, including our very popular junior summer league, and early outing season is underway. Adult Group Lessons began in May and golf staff has been busy preparing for the start of the junior half and full day camp programs as well as our annual Have One On Us customer appreciation days. Memorial Day weekend was a tremendous success this year with gorgeous weather throughout. The golf course was equipped with patriotic flags on Friday through Monday, and we were able to raise over $4,000 for the Folds of Honor Foundation which provides educational assistance for the families of fallen soldiers and first responders. A large number of the donations came from our staff this year, after one member donated $100 and challenged the rest of our team to match. Marketing Strategist Julie Rusin contacted WGN again and scheduled a live broadcast in June to promote the Village Links and all our programs. Golf staff and marketing began creative brainstorming for the many segments that will be aired during the 2-hour window. Recruiting and onboarding remaining needed new teammates wrapped up at the end of May. Page 16 of 23 RESERVE 22 May was a strong month for Reserve 22, generating $474,477 in top line sales versus prior year of $425,797, an increase of roughly $48,000 or 11.4%. This increase over prior year comes on the heels of stronger sales in the restaurant, Beverage Cart, Halfway House and Golf Express which all saw double digit growth over prior year. Banquets during the month of May were up almost a percentage point. The patio was in full swing and having five weekends in the month of May with favorable weather considerably helped drive foot traffic. The increased golfer support along with our regular diners enjoyed our outdoor patio service as well as our indoor spaces, complete with refreshed décor in the bar area keeping in-line with the theme of bringing the outside indoors. We will be continuing refreshing the indoor spaces with the west side of the bar area next, and a possible selfie wall space you may see at many other upscale facilities in the area. We added a Reuben Sandwich this month that trended very well as a special, and are looking at switching up one more sandwich and possibly one pasta dish next month. Happy Hour continues to be well received by the golfers, however we have had a few supply- chain challenges with our beer vendors this past month. We are working through the possibility of bringing in a few new items if we can’t get product. During the month of May we executed another legacy event – Mother’s Day. This was the third legacy event now where we have reworked seating to better optimize capacity, increasing to 418 covers versus the prior year of 315 resulting in an increase of almost $4K in sales versus prior year. A notable mention was the increased golfer attendance versus prior years as well. As we continue to increase guests on these legacy events, we are also monitoring product procurement to ensure we don’t run out or have a thoughtful backup in its place. Chef Tom and the team did a great job with Mother’s Day prep and execution, and we look forward to enhancing the dessert offerings on the next legacy event for Thanksgiving. Looking at OpenTable feedback, our rolling 120 average holds strong again with a 4.55 overall score, and our 30-day score has increased to 4.73 with a whopping 60 reviews received. Many of these reviews gave nice remarks while enjoying their meal on our patio. Page 17 of 23 As the concession revenue centers continue to see more golfers than April, increases in Beverage Cart, Halfway House and Golf Express sales grew as well. Our focus for May, as we wrapped up training with a handful of new concession teammates, was making sure we had stocked shelves and coolers. Collectively, the three smaller revenue centers have picked up nearly $20k in YTD sales vs prior year. In banquets, we closed the month of May up .7% in sales versus the prior year and executed 38 events, up 3 from prior year of 35 events. While we have slowly reduced the hole from Q1 soft sales, we still have a good chunk of sales to catch up to break even versus prior year. Page 18 of 23 KEY METRICS Year to date comparisons to targeted budget numbers continue to improve with total revenues now exceeding total target revenues by over $313K, compared to $320K over target last year through May. All major facility revenue categories exceeded target revenue benchmarks again in May. As a reminder our total budgeted revenues were increased by $217,150 for 2026, and these figures are not profits. Page 19 of 23 Breaking down some comparative metrics: May 2026 GPH down 9% from May 2025 and down 2% from a "normal" year May 2026 YTD GPH down 8% from May 2025 YTD and up 2% from a "normal" year April 2026 Golf Datatech Chicagoland rounds played up 7.4% April 2026 Village Links rounds played up 15% - normally we are stronger than the Chicagoland metric YTD through April 2026 Golf Datatech Chicagoland rounds played up 10.0% YTD through April 2026 Village Links rounds played up 28% - normally we are stronger than the Chicagoland metric 2026 YTD total revenue $313,643 over YTD budget target (2025 May YTD total revenue was over YTD budget target by $319,892. (Note: 2026 targets were increased by $217,150) Golf cars grounded 1 day in May 2026 and 1 day in May 2025 May 2026 R22 restaurant, bar and concessions sales up 15.7% YTD 2026 R22 restaurant, bar and concessions sales up 19.9% May 2026 R22 banquet sales up 0.7% YTD 2026 R22 banquet sales down 15.3% May 2026 R22 Total Revenues up 11.4% YTD 2026 R22 Total Revenues up 8.1% Page 20 of 23 GOLF COURSE GROUNDS AND MAINTENANCE The Grounds and Maintenance team remained extremely busy throughout May, maintaining full scheduled frequencies for all on-course tasks while also completing and advancing several major projects. Forestry mulching was completed by an outside contractor to remove invasive tree species, improve airflow and sunlight penetration for surrounding turf areas, and enhance views throughout the golf course. Our staff has since begun detailed handwork in these areas around any ponds, which will continue through much of the season. Pond treatments by an outside vendor also began in May to help control algae, duckweed, and lily pad growth. In addition, annual flowers were delivered and installed by our team throughout the golf course and clubhouse grounds. Crews continued edging the course's more than 150 bunkers and began preparing selected areas for sod installation where turf establishment has been difficult. Around the clubhouse, an outside contractor power washed and stained all wood pergolas, as well as the fence and netting posts, giving the entire area a refreshed appearance. Finally, the maintenance management team made a significant recruitment effort and has successfully reached full staffing levels for the season. Grounds 1. Greens have remained firm and fast due to dry weather. Low humidity and cool temps actually allowed them to get too fast 2. All course accessories fully staged on both courses 3. Continuing to hire and train part time seasonal staff 4. Mowing schedule beginning to become regular 5. Bunkers raked daily, tweaking the process to improve the final product 6. Filled all tee divots 7. Plant protectants sprayed on all short grass areas 8. Drinking fountains installed 9. Annual flowers planted 10. 5 irrigation repairs 11. Tropical plants moved out of indoor storage to patios 12. Scheduled Panfish Park final survey with contractor to close out pipe replacement project 13. Continued garbage pickup at Lambert Lake 14. Trash cleanup along parkways 15. Pond treatments started 16. Landscape beds sprayed for weeds 17. Seeded bare spots in rough throughout the course (continuous process) 18. Multiple areas prepped for new sod Page 21 of 23 Mechanical and Building Maintenance 1. Equipment Manager, Steven Arch, celebrated 3 years of service 2. 23 pieces of equipment were repaired and/or serviced 3. RPZ inspections completed, repairs made where needed 4. Kitchen grease pit pumped; report sent to GBWW 5. Multiple golf car repairs due damage from customers 6. HVAC repairs 7. Plumbing repairs in kitchen and golf bathroom Page 22 of 23 Crews prepped multiple areas for sod. The area shown We continue to refresh Reserve 22 spaces with the above is just east of the 18-hole course 1st tee. goal to make indoors feel like outside. All the wood pergolas, posts and fencing around the Before picture of the wooden pergola located outside clubhouse were power washed and stained. of the banquet room. After picture of the wooden pergola located outside of the banquet room. Page 23 of 23