OCTOBER 18, 2018 - BOARD BOOK

Frenchman's Creek, Inc. Capital Fund Balance Forecast 2018 -2020

2018-19

2019-20

Beginning Balance, May 1, 2018

1,659,942

2,404,416 Beginning Balance, May 1, 2019

Projected Equity Transactions (14), net

1,734,120

1,610,000 Projected Equity (14), net

$200 Monthly Capital Assessment

1,460,400

1,460,400 $200 Monthly Capital Assessment

2018/2019 Club Capital Budget

(1,768,400)

(1,768,400) 2019/2020 Capital Budget Estimate

2018/2019 Board Approved Additions

(300,000)

(300,000) 2019/2020 Board Approved

2017/2018 Carry Forward

(4,231)

0

Clubhouse Renovation Planning

(383,417)

0

Interest

6,002

6,002 Interest

Forecast Balance, April 30, 2019

$2,404,416

$3,412,418 Forecast Balance, April 30, 2020

9/100