Finance

Expected Costs

The Phase I and II projects were an economic driving force for CCD. Key investments in both amenities and infrastructure attracted new Members and filled the Club’s roster. While projects were selected to attract new Members and young families, it is important to remember that we have all been able to enjoy our revitalized clubhouse, Fitness Center, Bowling Center, racquets facilities, and Summer Village for over a decade, as well. The quality of Club offerings has led to Member usage that would have been impossible to imagine during the planning of the early days of the Phase I and II projects. Gross revenues and Member equity have more than doubled since 2013 and we are debt-free as of this past April.

As mentioned earlier in this document, Country Club of Detroit has built up a significant cash balance in our capital treasury; specifically, we ended fiscal year 2025 with a balance of nearly six million dollars. Careful spending and investment put membership at an advantage as we look to execute the next piece of our plan. Phase III–Irrigation, first of the Phase III projects, was overwhelmingly approved by a vote of the membership at the Annual Meeting in October of 2025.

The use of existing capital treasury will reduce the projected assessment cost of both Phase III–Irrigation and Phase III–Golf Practice Facilities and Short Course by over 50 percent.

Member assessments associated with the Phase III projects will be consecutive, not concurrent; at no time during this project will two assessments overlap one another.

In summary:

• CCD is in excellent financial condition;

• $2.4M in capital treasury will be used to make these assessments as low as possible;

• Financial assumptions are not factored around increasing the membership; and

• CCD is not currently planning to take on new debt to pay for any of the Phase III Projects.