MASTER ANNUAL REPORT

EXTERNALAFFAIRS COMMITTEE Jane Feinstein, Chairperson

Barry Byrd Ilene Gerber Ruth Karlin Lois Kleinberg Ruth Krall

Blossom Peretz Robyn Rosenblatt Freddie Schefren Barbara Sidel Lila Silver

In late October, the External Affairs Committee hosted a speaker from the League of Women Voters, who educated the community on the 2018 state ballot amendments. CARE FL and Martin County settled their lawsuit against Brightline in late November. The settlement means that the Brightline trains may someday run along the A1A tracks, and if they do, we will have quiet zones at the Donald Ross and Hood Rd. intersections. While our fight against the railroad is over, CARE continues to monitor the execution of the settle- ment agreement.

On February 12, the External Affairs Committee welcomed Vice- Mayor Carl Woods and Mayor Maria Marino, who delivered a State of the City presentation to the membership. On February 19, the Committee hosted the annual External Affairs luncheon. Our keynote speaker was Congressman Brian Mast.

Jane Feinstein, Chairperson External Affairs Committee

FINANCE COMMITTEE Jonathan Nelson, Chairperson Fred Stern, Vice Chair Frank Spitalny & David Rosenblatt, Board Oversights

James Anchin Larry Cohen

David Kimball Larry Kleinberg Paul Konigsberg Martin Krall Mark Petricoff

Edward Sack Robert Scherer Robert Shaw Anne Sternlicht Michael Strongin Howard Winer

Rhoda Edelman William Gersten John Hecht Robert Jacobson

Enclosed in this annual report are the audited financial state- ments of Frenchman’s Creek Inc. for the twelve months ending April 30, 2018. Our audit firm, RSM US LLP, issued a clean or unqualified opinion on the audit of the Financial Statements for the fiscal year ended April 2018. The budget variance for the year was a negative $38K on a $40.3M over-all budget.

I would like to thank Fred Stern, Vice Chairman, for all of his suggestions and continuing support. I would also thank the knowledgeable committee members who devote their time and expertise in providing important guidance and oversight to the Club. On another matter, I would like to thank Fred Stern and Paul Konigsberg for their work with the banks in discussing poten- tial funding for the proposed new clubhouse renovation pro- ject. Kudos also to Board members, Martin Slepkow and Jef- frey Stanfield for their assistance. Lastly, I would like to acknowledge the excellent job per- formed by our management and financial staff. The account- ing team is hardworking and dedicated and I would like to recognize their hard work and excellence.

The Club’s Balance Sheet remains strong and Accounts Receiv- ables are in good order.

The Committee and various sub-committees conducted due diligence reviews of the annual Operating and Capital budgets. Both subcommittees worked diligently to ensure the club results were discussed and recommendations were made to the Board prior to approval. The Committee has worked hard on reviewing and analyzing many of the most important issues facing our community and listed below are a few of the highlights:  We ended fiscal year 2017-2018 with no delinquent mem- ber accounts.  Home sales for the period were twenty-nine (29).

Jonathan P. Nelson, Chairperson and Fred Stern, Vice Chairperson Finance Committee

2018/2019 Annual Report Page 15