13 Sources of Financing (Pie Chart) “A balanced approach” l Town Hall Meeting 10/16/23 Associate Conversion Income $2M, 2% New Member Initiation Fees $7M, 7% Cash $19M, 19% Bank Loan $20M, 20% Member Assessment Income $22M, 22% Insurance Proceeds $30M, 30% From Start of Project Through Completion in 2026 Financing the Project The Finance Committee designed a very balanced funding plan using multiple sources as shown in the chart below. The funding plan makes every effort to ensure adequate contingency funds are available and that the Club’s balance sheet is preserved, protected and rebuilt for the future. Balanced Funding Plan
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