Golf Course Committee Agenda - August 27, 2026

GOLF COURSE COMMITTEE Thursday, August 27, 2026 at 11:00 a.m. Nemadji Golf Course, Greens View Grille 5 N. 58th Street, Superior, WI 54880 Video Call Link - Click here to join the Microsoft Teams Meeting Meeting ID: 283 817 803 675 9 Password: QG3zV3Us Or call in (audio only) +1 872-242-8028, Conference ID: 771 256 954# MISSION STATEMENT: “To provide value-based, golf-centered recreation to citizens on a cost-effective foundation sufficient to ensure that operations, debt, and capital improvements are self-sustaining without assistance from the general fund, if possible.” COMMITTEE MEMBERS: Barb Hoag (Chair), Troy Clark (Vice-Chair), Lindsey Graskey (Citizen Rep), Robert Hering (City Council Rep), Jack Sweeney (Alt City Council Rep), and Scott Gordon (Citizen Rep) 1. ROLL CALL 2. APPROVAL OF MINUTES 2.1. Golf Course Committee (Meeting held June 25, 2026) 3. NEW BUSINESS 3.1. Discussion regarding fat tire biking at Nemadji Golf Course 3.2. Discussion regarding credit card processing fees 4. OLD BUSINESS 4.1. Update on Irrigation System 5. RECURRING BUSINESS 5.1. Marketing Report 5.2. General Manager’s Report with Profit/Loss Statement 5.3. Superintendent – Grounds/Maintenance Report 5.4. Nemadji Women’s and Men’s Club Report 5.5. Public Comment 5.6. Future Agenda Items 5.7. Confirm the next meeting date as Thursday, October 22, 2026, at 11:00 a.m. located at Nemadji Greens View Grille. 6. ADJOURNMENT Notice is hereby given that a majority of the members of the Common Council may be present at the meeting, and although this may constitute a quorum of the Common Council, the Council will not take any action at this meeting. ********************************************************************************************************************* Pursuant to the Americans with Disabilities Act of 1990, if you are in need of an accommodation to participate in the public meeting process, please call (715) 395-7200 by 4:30 p.m. on the day prior to the scheduled meeting date (OR dial 711 for Telecommunications Relay Service). The City will attempt to accommodate any request depending on the amount of notice received. In compliance with Wisconsin Open Meetings Law, this agenda was posted on 8/24/26 at the following locations: Superior Government Center, Douglas County Courthouse, Superior Public Library, Nemadji Golf Course, and online at https://www.ci.superior.wi.us/agendacenter. It was also emailed to the Superior Telegram. Page 1 of 3 Golf Course Committee – 6/25/2026 Meeting *Attended the meeting virtually GOLF COURSE COMMITTEE MINUTES June 25, 2026 Regular Meeting The meeting was called to order by Chair Hoag at 11:00 a.m. on June 25, 2026, at Nemadji Golf Course, Greens View Grille and virtually via Microsoft Teams. 1. ROLL CALL Members Present: Barb Hoag, Lindsey Graskey, Scott Gordon, Robert Hering Advisory Members and Others Present: Kara Czapinski, Bridgit Maruska, Dan Walker, Brian Wallin, Christian Houle, Vince Juarez*, Mary Kate Walsh* 2. APPROVAL OF MINUTES 2.1. Golf Course Committee (Meeting held April 23, 2026) MOTION by Gordon, second by Graskey, and carried to approve the minutes from April 23, 2026. 3. NEW BUSINESS 3.1. Election of Officers 3.1.1. Election of Chair MOTION by Graskey, second by Gordon and carried to nominate Barb Hoag as Chair. 3.1.2. Election of Vice-Chair MOTION by Hoag, second by Gordon and carried to nominate Troy Clark as Vice-Chair. 4. OLD BUSINESS 4.1. Update on Irrigation System. Dan Walker indicated that the Irrigation System is nearing the completion of its refinement process for the Request for Proposal (RFP) regarding technical specifications and language. The specifications from EC Designs, along with the city- generated RFP, are currently under review, with Eric Christensen tasked with updating the language before it undergoes a final assessment by Kemper Sports and the city. The objective is to release the RFP by July 15, aiming for a contract signing by late September or early October, with project completion anticipated in 2027, and potential preparatory work on the pump station in 2026, contingent on contractor mobilization. The committee emphasized the necessity of including start and completion dates in the RFP, along with provisions for liquidated damages in case of delays. To facilitate the project and reduce disruptions, they are contemplating closing nine holes simultaneously and are preparing to inform golf leagues and event coordinators about the changes. Vince Juarez and Walker are strategizing on budgeting and merchandise procurement for the construction year, while site visits with contractors will aid in Page 2 of 3 Golf Course Committee – 6/25/2026 Meeting *Attended the meeting virtually determining practical routing and scheduling. Site visits and bid evaluations will be critical in assessing contractor qualifications and finalizing operational strategies. 5. RECURRING BUSINESS 5.1 Marketing Report Christian Houle reported that a golf survey was distributed to all golfers earlier in the season, with results anticipated by mid-July. The organization's Facebook following has grown by 75 in a month, and year-to-date impressions have surged by 212%. Additionally, Houle and Mary Kate Walsh completed a website audit that enhanced SEO, AI optimization, FAQs, and mobile responsiveness, leading to a 17% increase in website engagement for May. River Valley Media's paid campaigns and digital display advertisements are yielding positive results. The newsletter is being circulated, and collaborations with 95 KQDS, Duluth FC, and local businesses are effectively promoting both golf and dining options. Houle is preparing for the bridge project, focusing on signage and communication routes to reach Minnesota customers, while also considering billboard placements with Lamar to ensure visibility during construction. The team is exploring special offers to retain Minnesota golfers during the bridge closure, although Walsh recommended against three-year passes due to potential annual rate changes, advocating instead for targeted specials and geofenced advertising. Councilor Hering and Houle addressed challenges related to newsletter sign-up and email delivery, discussing necessary website updates, database segmentation, and user instructions to enhance accessibility. The goal is to ensure that important communications effectively reach recipients, thereby improving overall engagement and participation in the initiatives being promoted. 5.2 General Manager’s Report with Profit/Loss Statement – Walker noted a revenue shortfall from January to April due to delayed openings, although merchandise sales increased thanks to fitting days and an enhanced pro shop layout. While food and beverage and driving range revenues lagged slightly, operational expenses remained below budget. Despite rounds played being down by 1,057 through April and 963 through May compared to last year, the course was still $32,000 ahead of budget, with May's revenue surpassing expectations. Payroll exceeded budget due to the training of new staff and turnover, particularly among cart attendants and bartenders, yet it remained close to budget for April and May. Walker highlighted robust participation in junior golf programs, with 114 participants supported by Christian and Grady through online sign-ups. The upcoming junior league and increased usage of the Par 3 course are part of ongoing marketing efforts to promote it as a free resource for the community, aiming to attract new customers and ensure long-term engagement. Page 3 of 3 Golf Course Committee – 6/25/2026 Meeting *Attended the meeting virtually 5.3 Superintendent – Grounds/Maintenance Report – Repairs and enhancements to the pop shop building are currently in progress, including the relocation of water lines and the installation of a new sink prep area. Additionally, concrete work at the entrances of the clubhouse and pro shop has been completed to enhance both safety and visual appeal. The installation of black rubber matting on bridges aims to facilitate smoother transportation for carts and equipment. Ongoing efforts in tee box repairs, seeding, and tree removal are being prioritized, particularly in areas that suffer from inadequate sunlight and airflow. The grounds crew has successfully implemented broadleaf control spraying, resulting in a significant reduction of dandelions and clover. They are also focused on aligning the quality of the tee boxes and fairways with that of the greens, which have received favorable feedback during recent events. Walker has sought assistance from the city for major tree removal, given the limitations of the current crew and equipment. The aging golf cart fleet necessitates ongoing repairs, prompting Walker to consider expediting the acquisition of a new fleet to align with the completion of the irrigation system, thereby ensuring operational efficiency for the 36-hole course. 5.4 Nemadji Women’s and Men’s Club – Concerns/Updates Barb Hoag spoke for the Women’s Club: • Women's club membership increased to 124, with 20 new members. Clinics and guest days were well attended, and changes to the invitational format were made to accommodate senior members and support the girls' golf team. 5.5 Public Comment 5.6 Future Agenda Items 5.6.1 Update on Irrigation System 5.7 Confirm the next meeting date as Thursday, August 27, 2026, at 11:00 a.m. at Nemadji Golf Course, Greens View Grille. 6. ADJOURNMENT Chair Hoag announced the meeting adjourned at 12:18 p.m. Respectfully submitted by Kara Czapinski Proposal to Allow Winter Fat Tire Biking at Nemadji Golf Course Proposal to the Superior City Golf Course Committee A seasonal pilot program to activate an underutilized municipal asset, generate additional clubhouse revenue, and introduce new visitors to Nemadji Golf Course while protecting the course through strict operational guidelines. Executive Summary This proposal recommends opening designated areas of Nemadji Golf Course for winter fat tire biking when weather and course conditions permit. The initiative would create a new recreational opportunity during the golf off-season while generating additional visitors to Nemadji Golf Course, increasing food and beverage revenue, promoting healthy outdoor activity, and introducing new users to this outstanding City-owned facility. Winter fat biking has experienced rapid growth throughout Minnesota and Wisconsin. While the Twin Ports offers excellent technical singletrack riding, there are few beginner-friendly locations where families, new riders, and casual cyclists can comfortably enjoy the sport. Nemadji Golf Course is uniquely positioned to fill this gap. This program could be implemented with minimal infrastructure investment and limited impact on golf operations. Benefits to the City of Superior 1. Increased Winter Revenue Opening the property to winter cyclists creates additional customer traffic during months when golf operations are limited. Potential benefits include: ● Increased traffic and potential sales at the restaurant ● Opportunities for seasonal memberships or trail passes ● Potential equipment rental partnerships ● Increased visibility of Nemadji as a year-round destination Rather than sitting largely unused during the winter months, portions of the property become an active community asset. 2. Promoting Healthy Outdoor Recreation Winter recreation continues to grow throughout northern Wisconsin and Minnesota. Providing safe access for fat tire biking: ● Encourages year-round physical activity ● Supports local wellness initiatives ● Gives residents another outdoor recreation option ● Provides a welcoming environment for beginners ● Offers another winter attraction for visitors As a municipally owned facility, expanding recreational access aligns well with public health and community engagement goals. 3. Introducing New Users to Nemadji Golf Course Many residents have never visited Nemadji Golf Course. Winter access creates opportunities to introduce: ● Families ● Young adults ● Recreational cyclists ● Local schools ● College students ● Visitors from Duluth and surrounding communities Many winter visitors may become future golfers, restaurant patrons, tournament participants, or event attendees. A Unique Opportunity in the Twin Ports The Twin Ports region already offers outstanding winter fat biking on technical singletrack trails, including those managed by the Cyclists of Gitchee Gumee Shores (COGGS) around Duluth. These trails are excellent for experienced riders but can be intimidating for: ● beginners ● children ● casual riders ● families ● older adults ● riders seeking a relaxed experience Nemadji Golf Course offers something fundamentally different. Wide open fairways, gentle rolling terrain, scenic views, and natural navigation make it an ideal environment for: ● learning to ride ● family outings ● group rides ● adaptive cycling ● social recreation ● winter fitness Rather than competing with Duluth's trail system, Nemadji would complement it by serving an entirely different audience. Protecting the Golf Course The long-term health of the golf course should remain the highest priority. A successful program would include operational guidelines such as: ● No riding on putting greens ● No riding on tee boxes ● Designated winter routes utilizing cart paths only ● Seasonal closure during freeze-thaw conditions ● Suspension of riding during snowmelt or soft ground ● Clearly marked trail corridors ● User education regarding responsible riding Fat bikes operate with very low tire pressure, distributing rider weight over a large surface area. When used on frozen, snow-covered ground, they generally create minimal impact compared to many other winter recreational activities. Trail Maintenance Considerations Winter trail maintenance could be accomplished through several approaches: ● Existing golf maintenance equipment where appropriate ● Volunteer grooming partnerships ● Local cycling organizations assisting with trail packing ● Snowmobile drag grooming if desired ● Clearly defined riding corridors to simplify maintenance Volunteer participation has proven successful at numerous winter fat bike destinations throughout Minnesota and Wisconsin. Potential Special Events Nemadji Golf Course could become a recognizable winter recreation venue by hosting events such as: Family Fat Bike Day/Ice Festival activities A free community event featuring: ● beginner instruction ● demo bikes ● food specials ● youth activities Winter Ride Series Monthly non-competitive group rides encouraging community participation. Glow Ride Evening rides using bike lights and festive decorations, followed by food and beverages in the clubhouse. Fat Bike Demo Days Partner with local bicycle shops and manufacturers to offer equipment demonstrations and clinics. Winter Duathlon A fun event combining fat biking with snowshoeing or winter hiking. Marketing Opportunities The City could promote Nemadji as: ● A winter recreation destination ● A family-friendly cycling venue ● A four-season municipal facility ● A gateway into fat biking ● A unique tourism attraction in the Twin Ports This distinction would help differentiate Nemadji from other regional golf courses. Proposed Pilot Program A one-winter pilot program would allow the committee to evaluate: ● Number of visitors ● Restaurant sales ● Community feedback ● Maintenance requirements ● Course impacts ● Operational challenges The program could be modified or discontinued if unforeseen issues arise. Conclusion Opening designated portions of Nemadji Golf Course for winter fat tire biking represents an opportunity to maximize the value of a City-owned asset during the off-season. The initiative has the potential to: ● Increase winter restaurant revenue ● Promote healthy lifestyles ● Expand recreational opportunities ● Introduce new visitors to Nemadji Golf Course ● Attract tourism ● Strengthen community engagement ● Showcase Superior as an innovative leader in year-round outdoor recreation With thoughtful planning, clear operating guidelines, and a limited pilot program, Nemadji Golf Course could become one of the most unique and welcoming winter fat biking destinations in the Upper Midwest—offering an experience that complements, rather than competes with, the technical singletrack trails found across the bridge in Duluth. Examples of Successful Winter Recreation on Golf Courses Nemadji Golf Course would not be pioneering an untested idea. Across Minnesota, Wisconsin, and the Midwest, golf courses have successfully expanded into winter recreation by offering fat tire biking, cross-country skiing, snowshoeing, and other outdoor activities. These programs demonstrate that, with appropriate management, golf courses can generate winter activity while protecting the playing surface. Highland National Golf Course – Saint Paul, Minnesota The City of Saint Paul operates a groomed winter fat bike trail that winds through Highland 9 Golf Course. The clubhouse serves as a winter chalet, offering food, beverages, restrooms, and warming space for trail users. The City closes trails during thaw conditions specifically to protect turf, demonstrating that careful operational policies can successfully balance recreation with course preservation. Brookview Golf Course – Golden Valley, Minnesota Brookview has embraced four-season recreation by offering groomed fat biking, cross-country skiing, snowshoeing, walking trails, and other winter activities. Visitors are encouraged to use the Three One Six Bar + Grill before or after their outings, creating additional off-season revenue while increasing use of the municipal facility. Tribute Golf Course – Wausau, Wisconsin The Tribute Golf Course partners with the Wausau Nordic Ski Club to groom trails for freestyle skiing, classic skiing, fat biking, and snowshoeing. Volunteers assist with trail maintenance, while the clubhouse restaurant remains a destination for trail users. Access is restricted until adequate frost and snow cover are present, protecting fairways and greens throughout the winter. Ledgeview Golf Course – Green Bay Area, Wisconsin The Town of Ledgeview allows both fat biking and cross-country skiing on groomed winter trails maintained by the volunteer-led Ledgeview Trails Club. Clear trail rules, designated routes, and community stewardship have helped create a successful partnership between local government and outdoor recreation enthusiasts. Additional Regional Examples Several other public golf facilities throughout the Upper Midwest convert portions of their properties into winter recreation areas, most commonly for Nordic skiing and, increasingly, fat biking. These examples reinforce that golf courses can become valuable year-round community assets rather than remaining largely dormant throughout the winter months. What These Examples Demonstrate These successful programs share several common characteristics: ● Winter access is limited to periods when the ground is fully frozen and snow-covered. ● Greens, tee boxes, and other sensitive areas are protected or excluded from use. ● Clearly marked routes minimize impacts on the golf course. ● Volunteer organizations frequently assist with grooming and trail maintenance, reducing operating costs. ● Clubhouses remain active as warming shelters and food-and-beverage destinations, creating additional off-season revenue. ● Winter recreation introduces thousands of new visitors to golf properties who may later return as golfers, diners, or event participants. Nemadji Golf Course has the opportunity to build on these proven models while creating a distinctive identity in the Twin Ports as the region's premier family-friendly winter fat biking desti Nemadji Golf Course Bi-Annual Sales & Marketing Report January - June 2026 1 Jan. 1 - June 30, 2026 Actual Jan. 1 - June 30, 2026 Budget Jan. 1 - June 30, 2025 Total Revenue $1,072,452 $1,088,503 $1,058,755 Rounds 21,628 21,784 22,682 ADR (total rounds) $31 $32 $30 ADR (paid rounds only) $61 $60 $56 F in a n c ia l O v e rv ie w & Tru e P a c e January - June 2026 Financial Overview Through June, total revenue reached $1.07 million, finishing just 1.5% below budget while exceeding prior-year revenue by 1.3%. Although total rounds were slightly below budget and last year, ADR continued to strengthen, with paid-round ADR increasing to $61, up from $56 in 2025, reflecting improved pricing performance. Year to date revenue has increased, even with a later spring and delayed start day. June revenue was higher YTD on all fronts. An increase in outings booked for June was a key revenue driver. This accounted for Greens Fees, Food and Beverage, and Range all being above budget. Overall ADR is up, specifically with paid rounds only. Effective on course F&B and overall touches to each customer has contributed to this increase. Extreme heat and dry conditions increase operational spending, but reduces rainout days. We continue to see increased business in early morning and evening, but decreased during the hottest parts of the day. Offering additional amenities during these days has given us a competitive advantage. We continue to add new, higher profit events and drop smaller, less profitable events each year. This year we added 3 new events and expanded another 2 events to 36 holes vs. 18 last year. By adding addtional customers within the same timeframe, we are maximizing revenue. Booking pace for the rest of the year is increasing with limited availablilty for events in prime season. We are currently booking into October for any inquiring events for this year. Sales pipeline health is good overall. Pending proposals for the fall are difficult to close due to uncertain weather trends. Adding value by offering prime times during the day and alternative dates if there is inclimate weather. Outing Pace C u sto m e r F e e d b a c k : Tru e R e v ie w & Tru e In sig h t TrueReview Overall rating changes were positive for promoters. Customer service is constantly the top metric. Better course conditions this year have helped increase overall NPS +9.2. Inconsistent F&B have contributed to past detractors and that is remedied by having a more consistent operation this year. Overgrown areas on the courses are better maintained and contribute to higher scores as well. GM Dan Walker has implemented a consistency to guest experience that has increased scores and guest experience, specifically in F&B and the Golf Shop. Superintendent Brian Wallin has put together a hardworking crew that works proactively vs reactively this year. TrueInsight Overall online scoring has remained high, with a reputation score of 4.4. Review volume remains consistent but not ideal on Google. Overall trend is very positive. People are generally happy with the overall experience and pleased with the course conditions. Some guests are surprised with how busy it is. Online reputation is above industry average and well above direct competitors. M a rk e tin g In itia tiv e s & R e su lts Initiative Tactical Action Steps KPI / Outcome Reinstituted Montly Newsletter Rebuilt monthly template as a digital flipbook with dedicated content sections: GM update, F&B, Merchandise, Lessons, Course & Grounds, Events. All department heads provided content to Christian. Reinstituted Monthly Newsletter has gone over extremely well with higher open and clickthrough rates than before. Newsletter is sent during the last full week of every month. Email marketing continued to outperform industry benchmarks, generating a 39.2% open rate and 36.9% click rate. Continued and Enhanced Digital Advertising Ran PPC and display ads through Amplified Digital, highlighting events, F&B and simulators with refreshed creative in the offseason, and golf and events in season. Paid advertising effectively increased brand visibility across the Duluth–Superior market, generating more than 133,000 impressions and 7,700 clicks, while search campaigns captured high-intent golfers searching for Nemadji, golf lessons, tee times, and local golf opportunities. Higher impressions and click rates from the website indicate our PPC and digital display is working great! Updated Website Pages & Visuals Updated all photos and seasonal content. Revamped F&B page, adding new menu items and specials. Refreshed the navigation. Website traffic and engagement remained strong through the first half of the year, with 27,539 users (+24.4% YoY) and a 64.6% engagement rate, while rates, tee time booking, season passes, and academy pages attracted the most visitor interest. Completed drone and 360 footage done by Lake Country 360 which will be added to the website by end of August. Completed menu photography updated on the website and Doordash. Specials and graphics also updated on Screencloud and on website. Implemented Updated Social Media Content with Better Scheduling Three weekly posts for specific departments. Content workflow established between Christian and Grady. Weekly email complimented social media posts. Social media delivered strong audience growth and visibility, with Facebook reaching 418,960 impressions and adding 277 new followers, while Instagram generated nearly 60,000 impressions and maintained a 5.74% engagement rate across 65 posts. Facebook and Instagram Impressions have been higher than ever before. Offseason instructional content had the most engagement, especially throughout the spring. Follower count across all platforms on a consistent upward trend along with impressions and engagement. This stems from overall consistent branding and scheduling of organic content. REVENUES 2026 Total Revenue 1,634,636.00$ Budgeted 1,660,067.00$ 2025 Total Revenue 1,592,289.00$ 42,347.00$ (25,431.00)$ 2026 Merchandise 194,796.00$ Budgeted 190,950.00$ 2025 Merchandise 180,883.00$ 13,913.00$ 3,846.00$ 2026 F&B 299,083.00$ Budgeted 295,095.00$ 2025 F&B 284,893.00$ 14,190.00$ 3,988.00$ 2026 Driving Range 69,593.00$ Budgeted 71,516.00$ 2025 Driving Range 74,450.00$ (4,857.00)$ (1,923.00)$ EXPENSES Payroll 2026 Payroll Expense 776,561.00$ Budgeted 739,754.00$ 2025 Payroll Expense 696,917.00$ 79,644.00$ 36,807.00$ Nemadji G.C. 2026 YTD Jan-July Operational 2026 Operational Expense 512,563.00$ Budgeted 497,399.00$ 2025 Operational Expense 452,905.00$ 59,658.00$ 15,164.00$ Net Income 2026 NOI 51,257.00$ Budgeted 119,967.00$ 2025 NOI 127,249.00$ (75,992.00)$ (68,710.00)$ ROUNDS OF GOLF 2026 32,690 2025 33,516 -826 YTD Summary: YTD Revenues are now up from last year YTD Expenses are over budget due to increased credit card processing fees YTD Payroll slightly over budget due staff turnover and increased staffing dollars for a drought YTD F&B Revenue is now ahead of last year and is now ahead of budget YTD Merchandise Revenue is up a considerable amount due to equipment fittings YTD rounds are behind last year due to the later opening and wildfire smoke December 2024 BudgetJuly 2026 July 2026 Budget July 2025 Total Revenue 562,184.00$ 571,564.00$ 533,534.00$ Total Expense 115,268.00$ 99,691.00$ 85,275.00$ EBITA 220,308.00$ 248,933.00$ 229,063.00$ Golf Rounds 11062 11732 10888 Summary: Revenue was ahead of prior year but short of budget due to wildfire smoke Expenses were over budget due to timing of invoices and increase in credit card processing fees Golf Rounds were up slightly over last July (last July was 8.7" of rain) but behind budget due to wildfire smoke Nemadji GC 2026 Monthly July Date: July 20, 2026 To: Bridgit Maruska, City of Superior – Public Works Director From: Vince Juarez, ROE KemperSports, and Dan Walker, Head Golf Professional/GM CC: Mary Kate Walsh, Senior Regional Sales & Marketing Director, KemperSports Re: June 2026 Client Report Overview: June was a decent month, weather wise. We did have five days that the rain affected play and caused some leagues to cancel. Total Revenue for the month was still strong coming in $2,747.00 over budget and $26,362 over last year. Merchandise COGS were slightly higher than budget due to timing of invoices. F&B COGS were slightly over budget as well. Payroll was over budget for the month by 12.3% and is 4.4% over budget for the year. OPEX was over budget by 51% for the month due to timing of invoices but is in line with budget YTD. Rounds of golf were decent for the month coming in at 111 rounds under budget. We are now behind last year by 1,054 rounds mainly due to a poor April and some wet days in June. June was a tough month for payroll and expenses putting us behind budget by $55,082 for EBITDA and $40,085 for NOI. June 2026 Actual Budget Variance % Change 2025 Actual % Change Nemadji Golf Course Total Revenue 513,618$ 510,871$ 2,747$ 1% 487,256$ 5.4% Merchandise COG's % 78% 68% 11% 16% 68% 14.7% F&B COG's % 40% 38% 2% 4% 34% 16.4% Payroll Expense 165,262$ 147,223$ 18,039$ 12% 138,650$ 19.2% Other Expense 155,221$ 102,802$ 52,419$ 51% 97,909$ 58.5% EBITDA 125,421$ 198,038$ (72,617)$ -37% 194,129$ -35.4% Management Fees 8,358$ 8,358$ -$ 0% 8,115$ 3.0% Net Income 117,063$ 189,680$ (72,617)$ -38% 153,407$ -23.7% Rounds 10,543 10,654 (111) -1% 10,634 -0.9% Average GF/CF 34$ 33$ 1$ 3.0% 32$ 6.3% FY 2026 TYD Actual Budget Variance % Change PY Actual % Change Nemadji Golf Course Total Revenue 1,072,452$ 1,088,503$ (16,051)$ -1.5% 1,058,755$ 1.3% Merchandise COG's % 73% 69% 4% 6.6% 68% 7.0% F&B COG's % 38% 38% 0% -0.5% 37% 2.4% Payroll Expense 610,575$ 584,970$ 25,605$ 4.4% 544,020$ 12.2% Other Expense 397,296$ 397,708$ (412)$ -0.1% 367,630$ 8.1% EBITDA (235,964)$ (55,460)$ (180,504)$ 325.5% (6,903)$ 3318.3% Management Fees 50,150$ 50,148$ 2$ 0.0% 48,690$ 3.0% Net Income (160,693)$ (120,608)$ (40,085)$ 33.2% (93,699)$ 71.5% Rounds 21,628 21,784 (156) -0.7% 22,682 -4.6% Average GF/CF 31$ 32$ (1) -3.1% 30$ 3.3% Key Performance Highlights: • Course and Grounds o We hosted the College of St. Scholastica Athletics fundraiser on June 6th. o We hosted a Graduation Party on June 7th. o Old Dutch Foods had their outing on June 10th. o We hosted our Women’s Member Guest on Tuesday, June 16th. o Wednesday, June 17th was the DEC golf event. o We had our Men’s Invitational on June 20th & 21st. Numbers were down slightly from last year. o Boarder States had their golf event on Wednesday, June 24th. o We hosted the Arnovich fundraiser on Saturday, June 27th. o Greens fee revenue was only $597 under budget for the month and was $10,649 over last year. o Payroll was slightly over budget for the month by 22% and is 9% over budget YTD. This is due to adding four additional staff to improve course conditions and work on extra projects such as edging bunkers, spraying broadleaf, cart path/bridge repair work and landscaping. o OPEX for C&G was 67% over budget for the month but sits at 9% under budget YTD. The overage for the month was due to timing of invoices and spending more on landscaping than budgeted. • Carts o Cart revenue came in 2% under budget for the month and is only 4% under budget YTD. o The shortage is from a poor April and five bad weather days for the month. o Payroll came in 3% under budget for the month and is 16% under budget YTD. o OPEX was 13% over budget for the month due to more cart repairs on an old fleet and is 2% over budget YTD. o We have had numerous carts that need repairs. EZ-GO was on property replacing heat sensors in our newer carts and fixing electrical issues on our 8 year old carts. • Range o Driving Range Revenue was 2% under budget for the month and is 3% under budget YTD. o Again the shortage YTD is from a poor April and five weather days in June. o OPEX was 3% under budget for the month and is 66% under budget YTD. • F&B o Total F&B revenue was strong for the month coming in at 3% over budget and are up 2% YTD over last year. o Food revenue was decent for the month coming in 10% under budget for the month and is 6% under budget YTD. It is up 3% over last year. o Again the small shortages YTD are due to a poor month of April weather and MTD due to five weather days in June. o Non alcoholic beverage sales had a good month coming in at 53% over budget and are now 12% over budget YTD. o Beer sales were strong coming in at 5% over budget for the month and are now inline with budget YTD. o Liquor sales were strong coming in at 5% over budget and are only 7% under budget YTD. o MTD COGS were slightly over budget and are inline with budget YTD. o OPEX for the month was over budget by 12% and is 19% under budget YTD. o Payroll was 7% over budget for the month and is 2% over budget YTD. o Payroll is up due to some turnover of beverage cart staff. We lost five F&B staff and have been having to train new staff. • Golf Shop o Golf Merchandise sales were strong again, coming in 6% over budget for the month and are 15% over budget YTD. We are also 16% ahead of last year YTD. o Grady Hauswirth and Travis Miller have done an excellent job with custom fittings along with the new look and feel of the Pro Shop with our new fixtures. o COGS were over budget for the month and are slightly higher than budget YTD. This was mainly due to timing of invoices that got screwed up from our BILL.com bill processing software. o Payroll was over budget by 21% for the month and sits at 11% over budget for the year. This is due to losing an Assistant manager and having to hire and train a new one. We also incurred some heavy overtime in June due to not having a manager to open and close our building. o OPEX were over budget by 34% for the month and are 14% over budget YTD. • G&A o Payroll is in line to budget both MTD & YTD. o OPEX was 45% over budget for the month and sits at 15% over budget YTD. This is mainly due to the increase in credit card processing fees and equipment rental that we pre-paid for some August events that we need to rent a tent, tables and chairs for. o We are currently reviewing our credit card processing and are looking to consolidate to one vendor. We are having issues with TSYS (Cayan), our current processor, not allowing us to make changes to our accounts due to login information that was set up in 2019 by a City staff member that is no longer with the city. We hope to have more answers soon. • Marketing o Payroll is slightly over budget for the month and YTD. o OPEX was 21% under budget for the month and is 4% under budget YTD. o Our sign on 58th street was replaced that was damaged. o Christian Houle has scheduled us with a vendor to do some updated drone footage and add to our photo library that will happen in mid July. TrueReview June 2026 June 2025 YTD NPS is at 78.8 where last year through the same period we were at 70.4. KemperSports Upcoming Key Initiatives • Green to a Tee o Level 2 certified and will work to level 3 but the program requires some significant financial commitment to achieve. • Safety National o Round #2 will take place in July. • TrueService o TruService Training was completed on June 11th. • Player Development o We hosted four custom fitting events in June. Cleveland/Srixon was here on Saturday, June 6th, Callaway was here on Sunday, June 7th, Titleist was here on Saturday, June 20th and TaylorMade was here on Thursday, June 25th. o Junior Golf Camp and Leagues started on June 18th. We have 117 kids in our Junior Golf Program. That number is up from 82 kids last year. o Grady Hauswirth has been hosting his beginner clinics, Chip & Sip clinics, and Parent Child clinics all month. o We also had two Women’s Club clinics. Weather June 2026 Historic Ave June Rain Totals 4.28” 4.39” Low Temperature 42 (19th) 50 High Temperature 87 (30th) 72 • Golf Course Maintenance Highlights: o Installed rubber matting on bridges on holes #5 North, #13 South, #18 South and #5 East. This allows for a much smoother ride and provides a temporary inexpensive fix for our bridges. o Continued applying broadleaf control for dandelions and clover around our tee sign areas and rough areas. o Began summer application of wetting agents, plant growth regulators and fungicides to promote proper growth and protection of the turf. o Prepped golf course for the Nemadji Men’s Invitational where we double cut and rolled our greens. Reviews were excellent as our greens were fast and firm. o Continued to work on struggling turf areas, topdressing, seeding and fertilizing to kickstart new growth. This was mainly done on fairways #15-#18 South and a handful of tee boxes. o Continuous work on the old irrigation controls issues. We have six control boxes that will not send out the daily watering program where we have to key on all of the heads to get water on six of our holes. This causes more work and man hours. o Continued work with Dan Walker, KemperSports and the City of Superior getting our RFP documents for the new irrigation system ready to post in July. o Golf Course conditions update ▪ Greens – spraying wet agents and PGR’s. Greens are in great shape. ▪ Tees – starting to germinate and recover – some areas that were verticut during dry fall are still facing a little extra time in their recovery battle. ▪ Fairways – Issues with some of our irrigation control boxes and cool overnight temperatures have slowed down recovery times on stressed out verticut fairways from last fall, South fairways 15-18 currently showing the worst of it. ▪ Recent rainfall along with topdressing and seeding regimen have started to green up the whole course and begin to germinate in trouble areas. • Client and Team Member Relations Update: o We hosted the City Golf Committee meeting on June 25th. o We continued to revise the Irrigation Project RFP and are on schedule to have it finalized and posted in July. o All managers (GM, Sales & Marketing, Golf Shop, Superintendent & F&B) were involved with two staff meetings discussing the staffing and operations now that the golf season has started. o Weekly GM conference call with Vince Juarez, ROE and the KemperSports Midwest GM Team where we discuss current operational updates within KemperSports. o Monthly revenue call with Senior Regional Sales & Marketing Director Mary Kate Walsh, Vince Juarez (ROE), Dan Walker, GM, and Christian Houle, Sales & Marketing. In these calls we review financials, outing booking pace reporting, current and future sales promotions, all marketing strategies, upcoming KemperSports marketing and player development initiatives and various other topics as needed. • Capital Plan Update: o Work started on the updates to the Pop Shop. Work is being done on the plumbing, counter tops, cabinets and walls to get it ready to open as a secondary pro shop and F&B location. • Monthly Financial Income Statement o Attached is June’s summary income statement which breaks down the categories including revenues, payroll, and operating expenses. Please let us know if you have any questions. MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $161,544 $162,141 100% $150,895 107% Green Fees $302,127 $313,913 96% $309,379 98% $864,515 $851,125 00 0% 0 0% Golf Simulator Revenue 32,612 40,355 81% 38,560 85% 58,380 43,051 110,032 110,330 100% 106,340 103% Annual Pass Revenue 176,111 179,950 98% 168,713 104% 482,030 465,736 82,454 84,000 98% 82,153 100% Cart Fee 160,247 166,500 96% 167,203 96% 493,000 473,275 42,193 44,900 94% 41,971 101% Merchandise 136,337 121,600 112% 120,111 114% 284,850 286,001 125 50 250% 71 176% Handicap Fee 1,319 650 203% 1,246 106% 9,200 8,732 8,095 2,000 405% 2,700 300% Lessons 10,015 4,300 233% 4,140 242% 6,800 10,095 35 0 5% 95 3% Other Pro Shop Revenue 393 75 524% 124 317% 150 473 251 600 42% 540 47% Pull Cart Rental 859 1,800 48% 1,750 49% 3,100 1,814 722 700 103% 664 109% Rental Clubs 1,282 1,350 95% 1,223 105% 3,000 2,962 324 400 81% 348 93% Club Repair 1,065 1,475 72% 1,391 77% 2,475 1,729 20,132 20,500 98% 19,455 103% Range 52,579 54,150 97% 52,226 101% 114,850 111,139 29,847 33,000 90% 31,427 95% Food 79,312 84,000 94% 76,630 103% 192,000 182,130 8,711 5,700 153% 5,432 160% Beverage 17,486 15,550 112% 14,785 118% 46,350 45,018 31,614 30,000 105% 29,692 106% Beer 65,588 65,300 100% 64,854 101% 169,500 167,540 16,855 16,000 105% 15,082 112% Liquor 33,856 36,425 93% 35,399 96% 94,775 93,227 370 350 106% 350 106% Wine 725 810 90% 810 90% 2,120 1,915 104 150 69% 42 249% Tobacco 299 300 100% 212 141% 900 1,193 241 0 0% 0 0% Gratuity Income/Service Charge 241 0 0% 0 0% 02 4 1 513,618 510,871 101% 487,256 105% Total Revenues 1,072,452 1,088,503 99% 1,058,755 101% 2,827,995 2,747,397 COST OF GOODS SOLD 33,010 30,410 109% 28,636 115% COGS - Merchandise 99,827 83,555 119% 82,150 122% 193,845 205,747 12,166 14,190 86% 9,137 133% COGS - Food 32,079 36,120 89% 26,548 121% 82,560 75,423 4,936 2,736 180% 4,444 111% COGS - Beverage 6,786 7,464 91% 11,891 57% 22,248 30,432 11,207 10,500 107% 8,211 136% COGS - Beer 23,751 22,855 104% 20,866 114% 59,325 59,561 6,049 4,800 126% 5,785 105% COGS - Liquor 11,134 10,928 102% 10,914 102% 28,433 27,573 102 67 153% 68 150% COGS - Wine 332 154 216% 184 181% 403 570 81 105 77% 112 72% COGS - Tobacco 129 210 61% 286 45% 630 775 163 0 0% 175 93% COGS - Waste 1,087 0 0% 1,170 93% 02 , 1 3 0 67,714 62,808 108% 56,568 120% Total COGS 175,125 161,285 109% 154,008 114% 387,443 402,213 445,904 448,063 100% 430,688 104% GROSS MARGIN 897,328 927,218 97% 904,747 99% 2,440,551 2,345,184 78.24% 67.73% 116.00% 68.23% 115.00% COGS - Merchandise % 73.22% 68.71% 107.00% 68.39% 107.00% 68.05% 917.52% 40.76% 43.00% 95.00% 29.08% 140.00% COGS - Food % 40.45% 43.00% 94.00% 34.64% 117.00% 43.00% 571.97% 56.67% 48.00% 118.00% 81.80% 69.00% COGS - Beverage % 38.81% 48.00% 81.00% 80.42% 48.00% 48.00% 740.81% 35.45% 35.00% 101.00% 27.65% 128.00% COGS - Beer % 36.21% 35.00% 103.00% 32.17% 113.00% 35.00% 426.68% 35.89% 30.00% 120.00% 38.36% 94.00% COGS - Liquor % 32.88% 30.00% 110.00% 30.83% 107.00% 30.00% 356.52% 27.47% 19.00% 145.00% 19.40% 142.00% COGS - Wine % 45.84% 19.00% 241.00% 22.70% 202.00% 19.00% 525.07% 77.51% 70.00% 111.00% 269.11% 29.00% COGS - Tobacco % 43.01% 70.00% 61.00% 134.78% 32.00% 70.00% -846.85% 39.66% 38.03% 104.00% 34.05% 116.00% COGS - All Food & Bev 38.17% 38.41% 99.00% 37.29% 102.00% 38.29% 541.28% PAYROLL 31,285 31,256 100% 30,404 103% Gross Payroll - Salaried 182,599 186,268 98% 189,743 96% 373,806 366,441 105,098 90,049 117% 87,923 120% Gross Payroll - Hourly 304,101 276,485 110% 254,878 119% 649,354 654,411 1,605 0 0% 986 163% Gross Payroll - Overtime 3,578 0 0% 1,963 182% 05 , 9 7 6 2,021 2,021 100% 1,250 162% Gross Payroll - Bonus 12,125 12,125 100% 7,500 162% 24,250 26,125 1,116 0 0% 0 0% Lessons 2,160 0 0% 0 0% 05 , 5 6 0 141,125 123,326 114% 120,564 117% S/T Wages 504,563 474,878 106% 454,084 111% 1,047,410 1,058,513 11,079 9,434 117% 9,474 117% Payroll Tax - FICA 36,920 36,328 102% 34,636 107% 80,127 79,053 2,792 3,154 89% 3,100 90% Payroll Tax - UC 10,575 13,402 79% 11,423 93% 23,508 21,114 2,388 2,318 103% 1,261 189% Payroll Tax - WC 9,969 8,611 116% 9,558 104% 19,371 24,906 7,877 8,991 88% 4,251 185% Benefits 48,548 51,750 94% 34,319 141% 106,775 97,045 24,136 23,897 101% 18,086 133% S/T Adders 106,012 110,091 96% 89,936 118% 229,781 222,119 165,262 147,223 112% 138,650 119% TOTAL PAYROLL 610, 575 584,970 104% 54 4,020 112% 1,277,191 1,280,632 OPERATING EXPENSES 42,987 20,000 215% 23,809 181% Chemicals 44,298 42,000 105% 43,218 102% 64,100 59,245 00 0% 0 0% Course Accessories 5,270 10,000 53% 8,353 63% 10,000 5,270 00 0% 0 0% Displays/Fixtures 2,775 2,000 139% 602 461% 2,000 3,271 00 0% 121 0% Fungicides 0 0 0% 121 0% 00 6,022 7,000 86% 5,451 110% Gas/Oil 12,189 13,500 90% 10,907 112% 41,500 39,465 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 7,009 500 1402% 559 1254% Landscape Expense 9,454 4,500 210% 559 1692% 5,500 14,493 966 650 149% 695 139% Laundry/Linens 1,884 1,961 96% 1,923 98% 4,911 5,076 1,541 6,300 24% 5,634 27% Laundry/Uniforms 4,316 13,955 31% 7,612 57% 15,955 9,297 Nemadji Summary of All Units For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 48 25 191% 0 0% Office Supplies 660 150 440% 164 402% 300 824 435 0 0% 0 0% Propane Gas 2,886 0 0% 0 0% 03 , 6 0 4 00 0% 0 0% Range Balls 1,813 4,000 45% 15,442 12% 4,000 1,813 397 0 0% 0 0% Range Equipment 1,097 4,000 27% 6,342 17% 4,000 1,097 00 0% 0 0% Rental Club Expense 0 0 0% 713 0% 00 9,821 3,000 327% 3,731 263% Sand/Topdress 9,821 8,000 123% 8,079 122% 30,500 22,304 295 0 0% 304 97% Scorecards 2,225 2,500 89% 2,535 88% 2,500 2,225 1,585 500 317% 0 0% Seeds/Trees 2,378 2,250 106% 559 425% 4,750 4,717 00 0% 0 0% Small Tools 52 0 0% 0 0% 05 2 8,776 3,275 268% 1,960 448% Supplies 22,573 16,250 139% 17,247 131% 30,750 39,703 487 460 106% 460 106% Cable Tv Expense 2,875 2,760 104% 2,749 105% 5,520 5,642 2,689 1,800 149% 1,794 150% Cart Repairs 3,356 4,100 82% 2,921 115% 10,100 7,525 958 1,500 64% 1,242 77% Computer Service 8,745 9,800 89% 9,240 95% 20,500 19,752 00 0% 0 0% Handicap Expense 6,162 6,000 103% 5,939 104% 11,100 11,529 (1,440) 4,000 -36% 3,228 -45% Irrigation 4,066 11,000 37% 7,066 58% 26,000 18,359 3,126 2,750 114% 1,821 172% Repair & Maint - Equipment 13,869 21,250 65% 18,470 75% 47,750 36,787 910 3,250 28% 2,124 43% Repair & Maint - Building 12,688 18,750 68% 8,796 144% 38,250 21,229 669 250 268% 475 141% Security 2,215 1,500 148% 2,711 82% 3,000 4,131 5,244 5,244 100% 5,244 100% Cart Lease 31,464 31,464 100% 31,464 100% 62,928 62,928 1,856 100 1856% 237 783% Equipment Lease 2,181 200 1091% 377 579% 600 2,751 2,799 50 5598% 190 1473% Equipment Rental 3,369 300 1123% 950 355% 7,600 6,124 2,985 3,000 99% 2,957 101% Utilities - Electric 12,554 12,555 100% 11,984 105% 29,955 27,059 192 300 64% 231 83% Utilities - Gas 4,613 5,450 85% 5,350 86% 7,685 7,175 581 505 115% 505 115% Utilities - Telephone/Fax 3,256 3,030 107% 2,862 114% 6,060 6,046 2,415 1,800 134% 1,804 134% Utilities - Waste 7,461 5,150 145% 6,428 116% 14,300 19,582 8,148 7,740 105% 6,838 119% Utilities - Water 13,499 14,750 92% 13,045 103% 59,070 51,066 1,577 1,975 80% 1,786 88% Advertising & Promotion 13,348 13,850 96% 12,183 110% 26,200 25,591 595 400 149% 407 146% Bank Charges 3,017 2,165 139% 2,165 139% 4,295 5,552 (18) 0 0% (9) 192% Cash Short/(Over) 0 0 0% 20 0% 0( 2 0 ) 150 243 62% 100 150% Cell Phone 600 848 71% 750 80% 1,843 1,500 140 300 47% 357 39% Copier/Photocopies 1,024 1,800 57% 1,408 73% 3,600 2,191 26,705 15,000 178% 14,695 182% Credit Card Discounts 56,674 33,950 167% 32,965 172% 92,450 122,496 590 100 590% 90 656% Dues & Subscriptions 3,752 4,200 89% 3,832 98% 5,850 6,201 02 5 0 0% 236 0% Education & Training 3,751 3,800 99% 2,600 144% 5,900 6,635 05 0 0 0% 0 0% Employee Procurement 163 2,000 8% 51 323% 2,000 222 278 200 139% 0 0% Employee Relations 1,096 1,900 58% 1,494 73% 3,000 1,649 5,729 5,020 114% 5,261 109% Insurance Expense 29,667 28,920 103% 29,750 100% 59,040 57,848 2,000 2,000 100% 2,000 100% O/S - Accounting 12,000 12,000 100% 12,000 100% 24,000 24,099 243 625 39% 246 99% Payroll Processing Fee 2,236 3,750 60% 1,476 152% 7,500 6,419 07 5 0% 90 0% Postage/Shipping 591 450 131% 548 108% 900 1,149 0 (200) 0% (1,244) 0% Purchase Discounts 0 (725) 0% (1,865) 0% (1,325) (168) 2,935 0 0% 0 0% Staff Communications 2,935 1,500 196% 2,276 129% 1,500 2,935 773 140 552% 158 490% Tax/Licenses/Fees 1,811 1,265 143% 1,046 173% 2,630 2,549 00 0% 0 0% Travel - Air 1,040 3,800 27% 2,022 51% 3,800 1,917 00 0% 112 0% Travel - Auto 1,051 1,400 75% 1,073 98% 1,900 1,420 02 0 0 0% 161 0% Travel - Hotel 1,395 2,000 70% 1,592 88% 3,000 1,792 07 5 0% 129 0% Travel - Meals 59 800 7% 721 8% 1,250 78 2,023 1,900 106% 1,921 105% Employee Meals 5,019 4,910 102% 4,796 105% 12,210 11,396 155,221 102,802 151% 97,909 159% TOTAL OPERATING EXPENSES 397,296 397,708 100% 367,630 108% 832,727 803,776 125,421 198,038 63% 194,129 65% EBITDA (110,542) (55,460) 199% (6,903) 1601% 330,633 260,777 8,358 8,358 100% 8,115 103% Management Fee 50,150 50,148 100% 48,690 103% 100,547 99,294 8,358 8,358 100% 8,115 103% Management Fees 50,150 50,148 100% 48,690 103% 100,547 99,294 00 0% 32,607 0% Capital Projects 0 15,000 0% 38,107 0% 15,000 0 00 0% 32,607 0% S/T OTHER EXPENSES 0 15,000 0% 38,107 0% 15,000 0 117,063 189,680 62% 153,407 76% NET INCOME (160, 693) (120,608) 133% (93,699) 171% 215,086 161,482 Nemadji Summary of All Units For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $161,544 $162,141 100% $150,895 107% Green Fees $302,127 $313,913 96% $309,379 98% $864,515 $851,125 00 0% 0 0% Golf Simulator Revenue 32,612 40,355 81% 38,560 85% 58,380 43,051 110,032 110,330 100% 106,340 103% Annual Pass Revenue 176,111 179,950 98% 168,713 104% 482,030 465,736 271,576 272,471 100% 257,234 106% Total Revenues 510,850 534,218 96% 516,651 99% 1,404,925 1,359,913 271,576 272,471 100% 257,234 106% GROSS MARGIN 510,850 534,218 96% 516,651 99% 1,404,925 1,359,913 PAYROLL 11,900 11,802 101% 11,427 104% Gross Payroll - Salaried 69,931 70,469 99% 78,590 89% 141,281 139,795 40,776 30,713 133% 27,133 150% Gross Payroll - Hourly 99,178 81,238 122% 75,419 132% 205,443 214,314 126 0 0% 60 211% Gross Payroll - Overtime 204 0 0% 126 161% 03 0 6 667 667 100% 417 160% Gross Payroll - Bonus 4,000 4,000 100% 2,500 160% 8,000 9,500 53,469 43,182 124% 39,036 137% S/T Wages 173,314 155,706 111% 156,635 111% 354,724 363,916 4,009 3,303 121% 2,915 138% Payroll Tax - FICA 12,306 11,912 103% 11,378 108% 27,136 25,979 1,157 1,224 95% 972 119% Payroll Tax - UC 3,919 4,506 87% 4,138 95% 8,926 7,692 1,123 812 138% 465 242% Payroll Tax - WC 3,497 2,826 124% 3,010 116% 6,566 7,741 2,401 2,470 97% 1,694 142% Benefits 14,440 14,816 97% 16,386 88% 30,348 29,123 8,691 7,809 111% 6,045 144% S/T Adders 34,162 34,059 100% 34,912 98% 72,976 70,536 62,160 50,991 122% 45,081 138% TOTAL PAYROLL 207,476 189,765 109% 191,547 108% 427,700 434,451 OPERATING EXPENSES 42,987 20,000 215% 23,809 181% Chemicals 44,298 42,000 105% 43,218 102% 64,100 59,245 00 0% 0 0% Course Accessories 5,270 10,000 53% 8,353 63% 10,000 5,270 00 0% 121 0% Fungicides 0 0 0% 121 0% 00 6,022 7,000 86% 5,451 110% Gas/Oil 12,189 13,500 90% 10,907 112% 41,500 39,465 7,009 500 1402% 559 1254% Landscape Expense 9,454 4,500 210% 559 1692% 5,500 14,493 163 2,300 7% 1,835 9% Laundry/Uniforms 843 4,705 18% 2,329 36% 5,955 5,474 435 0 0% 0 0% Propane Gas 2,886 0 0% 0 0% 03 , 6 0 4 9,821 3,000 327% 3,731 263% Sand/Topdress 9,821 8,000 123% 8,079 122% 30,500 22,304 1,585 500 317% 0 0% Seeds/Trees 2,378 2,250 106% 559 425% 4,750 4,717 00 0% 0 0% Small Tools 52 0 0% 0 0% 05 2 4,548 1,000 455% 912 499% Supplies 9,525 4,500 212% 4,976 191% 10,500 14,574 (1,440) 4,000 -36% 3,228 -45% Irrigation 4,066 11,000 37% 7,066 58% 26,000 18,359 1,630 1,000 163% 582 280% Repair & Maint - Equipment 5,923 11,000 54% 10,177 58% 24,500 20,569 350 2,000 17% 0 0% Repair & Maint - Building 7,500 12,000 63% 1,125 667% 24,000 10,486 00 0% 0 0% Equipment Rental 0 0 0% 0 0% 5,000 0 1,736 1,800 96% 1,775 98% Utilities - Electric 7,258 5,955 122% 5,695 127% 16,155 14,521 63 300 21% 231 27% Utilities - Gas 1,159 5,450 21% 5,350 22% 7,685 2,821 00 0% 0 0% Utilities - Waste 0 0 0% 339 0% 00 7,114 7,000 102% 6,100 117% Utilities - Water 10,285 12,345 83% 10,649 97% 53,995 43,479 50 143 35% 50 100% Cell Phone 150 248 60% 300 50% 643 400 00 0% 0 0% Dues & Subscriptions 1,937 1,750 111% 1,585 122% 2,150 3,047 02 5 0 0% 236 0% Education & Training 2,601 3,300 79% 2,566 101% 5,400 5,186 2,935 0 0% 0 0% Staff Communications 2,935 1,500 196% 2,276 129% 1,500 2,935 85,010 50,793 167% 48,619 175% TOTAL OPERATING EXPENSES 140,530 154,003 91% 126,228 111% 339,833 291,002 124,406 170,686 73% 163,534 76% EBITDA 162,844 190,449 86% 198,876 82% 637,391 634,460 124,406 170,686 73% 163,534 76% NET INCOME 162,844 190,449 86% 198,876 82% 637,391 634,460 Nemadji Course & Grounds For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $82,454 $84,000 98% $82,153 100% Cart Fee $160,247 $166,500 96% $167,203 96% $493,000 $473,275 82,454 84,000 98% 82,153 100% Total Revenues 160,247 166,500 96% 167,203 96% 493,000 473,275 82,454 84,000 98% 82,153 100% GROSS MARGIN 160,247 166,500 96% 167,203 96% 493,000 473,275 PAYROLL 15,218 15,293 100% 17,181 89% Gross Payroll - Hourly 27,948 32,220 87% 31,317 89% 79,513 76,177 00 0% 12 0% Gross Payroll - Overtime 10 0 0% 67 15% 01 1 5 15,218 15,293 100% 17,192 89% S/T Wages 27,958 32,220 87% 31,384 89% 79,513 76,292 1,164 1,170 100% 1,332 87% Payroll Tax - FICA 2,139 2,465 87% 2,420 88% 6,083 5,816 502 688 73% 709 71% Payroll Tax - UC 923 1,450 64% 1,322 70% 3,517 3,153 02 8 7 0% 0 0% Payroll Tax - WC 0 590 0% 0 0% 1,479 0 1,666 2,146 78% 2,041 82% S/T Adders 3,061 4,505 68% 3,742 82% 11,079 8,970 16,884 17,439 97% 19,234 88% TOTAL PAYROLL 31,019 36,725 84% 35,125 88% 90,593 85,261 OPERATING EXPENSES 2,689 1,800 149% 1,794 150% Cart Repairs 3,356 4,100 82% 2,921 115% 10,100 7,525 5,244 5,244 100% 5,244 100% Cart Lease 31,464 31,464 100% 31,464 100% 62,928 62,928 7,933 7,044 113% 7,038 113% TOTAL OPERATING EXPENSES 34,820 35,564 98% 34,385 101% 73,028 70,453 57,636 59,517 97% 55,882 103% EBITDA 94,407 94,211 100% 97,693 97% 329,380 317,561 57,636 59,517 97% 55,882 103% NET INCOME 94,407 94,211 100% 97,693 97% 329,380 317,561 Nemadji Carts For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $20,132 $20,500 98% $19,455 103% Range $52,579 $54,150 97% $52,226 101% $114,850 $111,139 20,132 20,500 98% 19,455 103% Total Revenues 52,579 54,150 97% 52,226 101% 114,850 111,139 20,132 20,500 98% 19,455 103% GROSS MARGIN 52,579 54,150 97% 52,226 101% 114,850 111,139 OPERATING EXPENSES 00 0% 0 0% Range Balls 1,813 4,000 45% 15,442 12% 4,000 1,813 397 0 0% 0 0% Range Equipment 1,097 4,000 27% 6,342 17% 4,000 1,097 05 0 0% 0 0% Supplies 183 1,050 17% 394 46% 1,250 183 397 50 793% 0 0% TOTAL OPERATING EXPENSES 3,092 9,050 34% 22,177 14% 9,250 3,092 19,735 20,450 97% 19,455 101% EBITDA 49,487 45,100 110% 30,048 165% 105,600 108,047 19,735 20,450 97% 19,455 101% NET INCOME 49,487 45,100 110% 30,0 48 165% 105,600 108,047 Nemadji Range For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $29,847 $33,000 90% $31,427 95% Food $79,312 $84,000 94% $76,630 103% $192,000 $182,130 8,711 5,700 153% 5,432 160% Beverage 17,486 15,550 112% 14,785 118% 46,350 45,018 31,614 30,000 105% 29,692 106% Beer 65,588 65,300 100% 64,854 101% 169,500 167,540 16,855 16,000 105% 15,082 112% Liquor 33,856 36,425 93% 35,399 96% 94,775 93,227 370 350 106% 350 106% Wine 725 810 90% 810 90% 2,120 1,915 104 150 69% 42 249% Tobacco 299 300 100% 212 141% 900 1,193 241 0 0% 0 0% Gratuity Income/Service Charge 241 0 0% 0 0% 02 4 1 87,743 85,200 103% 82,024 107% Total Revenues 197,507 202,385 98% 192,691 102% 505,645 491,264 COST OF GOODS SOLD 12,166 14,190 86% 9,137 133% COGS - Food 32,079 36,120 89% 26,548 121% 82,560 75,423 4,936 2,736 180% 4,444 111% COGS - Beverage 6,786 7,464 91% 11,891 57% 22,248 30,432 11,207 10,500 107% 8,211 136% COGS - Beer 23,751 22,855 104% 20,866 114% 59,325 59,561 6,049 4,800 126% 5,785 105% COGS - Liquor 11,134 10,928 102% 10,914 102% 28,433 27,573 102 67 153% 68 150% COGS - Wine 332 154 216% 184 181% 403 570 81 105 77% 112 72% COGS - Tobacco 129 210 61% 286 45% 630 775 163 0 0% 175 93% COGS - Waste 1,087 0 0% 1,170 93% 02 , 1 3 0 34,704 32,398 107% 27,932 124% Total COGS 75,298 77,730 97% 71,858 105% 193,598 196,465 53,039 52,803 100% 54,092 98% GROSS MARGIN 122,209 124,655 98% 120,832 101% 312,047 294,799 40.76% 43.00% 95.00% 29.08% 140.00% COGS - Food % 40.45% 43.00% 94.00% 34.64% 117.00% 43.00% 571.97% 56.67% 48.00% 118.00% 81.80% 69.00% COGS - Beverage % 38.81% 48.00% 81.00% 80.42% 48.00% 48.00% 740.81% 35.45% 35.00% 101.00% 27.65% 128.00% COGS - Beer % 36.21% 35.00% 103.00% 32.17% 113.00% 35.00% 426.68% 35.89% 30.00% 120.00% 38.36% 94.00% COGS - Liquor % 32.88% 30.00% 110.00% 30.83% 107.00% 30.00% 356.52% 27.47% 19.00% 145.00% 19.40% 142.00% COGS - Wine % 45.84% 19.00% 241.00% 22.70% 202.00% 19.00% 525.07% 77.51% 70.00% 111.00% 269.11% 29.00% COGS - Tobacco % 43.01% 70.00% 61.00% 134.78% 32.00% 70.00% -846.85% 39.66% 38.03% 104.00% 34.05% 116.00% COGS - All Food & Bev 38.17% 38.41% 99.00% 37.29% 102.00% 38.29% 541.28% PAYROLL 5,110 5,021 102% 4,807 106% Gross Payroll - Salaried 27,489 29,975 92% 29,035 95% 60,100 57,550 26,341 23,023 114% 24,402 108% Gross Payroll - Hourly 99,417 89,171 111% 84,776 117% 199,412 208,533 00 0% 7 0% Gross Payroll - Overtime 0 0 0% 45 0% 00 240 240 100% 208 115% Gross Payroll - Bonus 1,437 1,437 100% 1,250 115% 2,875 2,263 31,691 28,283 112% 29,425 108% S/T Wages 128,343 120,583 106% 115,106 112% 262,387 268,345 2,886 2,164 133% 2,615 110% Payroll Tax - FICA 10,219 9,225 111% 9,587 107% 20,073 22,104 798 614 130% 881 91% Payroll Tax - UC 3,475 3,485 100% 3,251 107% 5,218 6,291 525 532 99% 496 106% Payroll Tax - WC 2,749 2,184 126% 3,964 69% 4,849 8,342 1,922 3,600 53% 1,155 166% Benefits 13,042 19,502 67% 8,329 157% 40,685 28,932 6,130 6,909 89% 5,147 119% S/T Adders 29,485 34,395 86% 25,131 117% 70,824 65,669 37,821 35,193 107% 34,571 109% TOTAL PAYROLL 157,828 154,978 102% 140,237 113% 333,211 334,014 OPERATING EXPENSES 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 966 650 149% 695 139% Laundry/Linens 1,884 1,961 96% 1,923 98% 4,911 5,076 02 , 0 0 0 0% 1,971 0% Laundry/Uniforms 190 4,000 5% 1,971 10% 4,000 396 3,009 2,000 150% 824 365% Supplies 8,838 9,300 95% 9,306 95% 16,400 18,884 118 500 24% 1,239 9% Repair & Maint - Equipment 2,132 3,500 61% 2,888 74% 9,000 5,735 1,856 100 1856% 237 783% Equipment Lease 2,181 200 1091% 377 579% 600 2,751 00 0% 0 0% Equipment Rental 570 0 0% 0 0% 2,000 1,653 00 0% 0 0% Dues & Subscriptions 0 600 0% 540 0% 600 0 04 0 0% 38 0% Tax/Licenses/Fees 263 240 110% 116 227% 480 389 5,950 5,290 112% 5,005 119% TOTAL OPERATING EXPENSES 16,059 19,801 81% 17,122 94% 37,991 35,066 9,268 12,320 75% 14,516 64% EBITDA (51,678) (50,125) 103% (36,526) 141% (59,156) (74,281) 9,268 12,320 75% 14,516 64% NET INCOME (51,678) (50,125) 103% (36,526) 141% (59,156) (74,281) Nemadji F & B Ala Carte For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $42,193 $44,900 94% $41,971 101% Merchandise $136,337 $121,600 112% $120,111 114% $284,850 $286,001 125 50 250% 71 176% Handicap Fee 1,319 650 203% 1,246 106% 9,200 8,732 8,095 2,000 405% 2,700 300% Lessons 10,015 4,300 233% 4,140 242% 6,800 10,095 35 0 5% 95 3% Other Pro Shop Revenue 393 75 524% 124 317% 150 473 251 600 42% 540 47% Pull Cart Rental 859 1,800 48% 1,750 49% 3,100 1,814 722 700 103% 664 109% Rental Clubs 1,282 1,350 95% 1,223 105% 3,000 2,962 324 400 81% 348 93% Club Repair 1,065 1,475 72% 1,391 77% 2,475 1,729 51,713 48,700 106% 46,389 111% Total Revenues 151,270 131,250 115% 129,985 116% 309,575 311,806 COST OF GOODS SOLD 33,010 30,410 109% 28,636 115% COGS - Merchandise 99,827 83,555 119% 82,150 122% 193,845 205,747 33,010 30,410 109% 28,636 115% Total COGS 99,827 83,555 119% 82,150 122% 193,845 205,747 18,702 18,290 102% 17,754 105% GROSS MARGIN 51,443 47,695 108% 47,835 108% 115,730 106,059 78.24% 67.73% 116.00% 68.23% 115.00% COGS - Merchandise % 73.22% 68.71% 107.00% 68.39% 107.00% 68.05% 917.52% PAYROLL 21,900 19,721 111% 18,509 118% Gross Payroll - Hourly 75,620 70,376 107% 61,573 123% 155,517 150,020 1,479 0 0% 908 163% Gross Payroll - Overtime 3,364 0 0% 1,725 195% 05 , 5 5 5 281 281 100% 0 0% Gross Payroll - Bonus 1,688 1,688 100% 0 0% 3,375 3,613 1,116 0 0% 0 0% Lessons 2,160 0 0% 0 0% 05 , 5 6 0 24,777 20,002 124% 19,417 128% S/T Wages 82,832 72,064 115% 63,298 131% 158,892 164,747 1,851 1,530 121% 1,452 127% Payroll Tax - FICA 5,852 5,513 106% 4,649 126% 12,155 11,739 307 532 58% 507 60% Payroll Tax - UC 1,358 2,403 57% 1,720 79% 3,809 2,654 470 376 125% 161 292% Payroll Tax - WC 2,068 1,308 158% 968 214% 2,940 5,576 1,379 1,428 97% 980 141% Benefits 7,888 8,478 93% 4,810 164% 17,417 15,187 4,007 3,866 104% 3,100 129% S/T Adders 17,167 17,702 97% 12,147 141% 36,321 35,156 28,784 23,868 121% 22,517 128% TOTAL PAYROLL 99,999 89,766 111% 75,445 133% 195,213 199,903 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 2,775 2,000 139% 519 534% 2,000 3,271 1,379 2,000 69% 1,829 75% Laundry/Uniforms 3,283 4,500 73% 3,279 100% 5,250 3,394 00 0% 0 0% Rental Club Expense 0 0 0% 713 0% 00 295 0 0% 304 97% Scorecards 2,225 2,500 89% 2,535 88% 2,500 2,225 1,218 150 812% 0 0% Supplies 3,663 950 386% 1,837 199% 1,700 4,746 00 0% 0 0% Handicap Expense 6,162 6,000 103% 5,939 104% 11,100 11,529 (18) 0 0% (9) 192% Cash Short/(Over) 0 0 0% 20 0% 0( 2 0 ) 2,874 2,150 134% 2,123 135% TOTAL OPERATING EXPENSES 18,108 15,950 114% 14,843 122% 22,550 25,145 (12,956) (7,728) 168% (6,887) 188% EBITDA (66,664) (58,021) 115% (42,453) 157% (102,033) (118,989) (12,956) (7,728) 168% (6,887) 188% NET INCOME (66,664) (58,021) 115% (42,453) 157% (102,033) (118,989) Nemadji Golf Shop For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $9,099 $9,200 99% $8,815 103% Gross Payroll - Salaried $54,561 $54,925 99% $53,221 103% $110,125 $108,717 863 1,299 66% 698 124% Gross Payroll - Hourly 1,938 3,480 56% 1,793 108% 9,468 5,368 417 417 100% 417 100% Gross Payroll - Bonus 2,500 2,500 100% 2,500 100% 5,000 5,000 10,378 10,915 95% 9,930 105% S/T Wages 58,999 60,906 97% 57,514 103% 124,594 119,085 767 835 92% 735 104% Payroll Tax - FICA 4,145 4,659 89% 4,282 97% 9,531 8,695 28 77 37% 31 91% Payroll Tax - UC 474 857 55% 495 96% 1,224 806 175 205 85% 95 185% Payroll Tax - WC 1,061 1,100 96% 1,076 99% 2,297 2,016 943 804 117% 410 230% Benefits 5,792 4,821 120% 4,721 123% 9,851 11,846 1,913 1,921 100% 1,272 150% S/T Adders 11,472 11,437 100% 10,573 109% 22,904 23,363 12,291 12,837 96% 11,202 110% TOTAL PAYROLL 70,471 72,343 97% 68,087 104% 147,498 142,448 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 0 0 0% 82 0% 00 00 0% 0 0% Laundry/Uniforms 0 750 0% 33 0% 750 33 48 25 191% 0 0% Office Supplies 660 150 440% 164 402% 300 824 05 0 0% 224 0% Supplies 286 300 95% 527 54% 600 1,238 487 460 106% 460 106% Cable Tv Expense 2,875 2,760 104% 2,749 105% 5,520 5,642 958 1,500 64% 1,242 77% Computer Service 8,745 9,800 89% 9,240 95% 20,500 19,752 1,378 1,250 110% 0 0% Repair & Maint - Equipment 5,814 6,750 86% 5,405 108% 14,250 10,483 560 1,250 45% 2,124 26% Repair & Maint - Building 5,188 6,750 77% 7,671 68% 14,250 10,743 669 250 268% 475 141% Security 2,215 1,500 148% 2,711 82% 3,000 4,131 2,799 50 5598% 190 1473% Equipment Rental 2,799 300 933% 950 295% 600 4,472 1,248 1,200 104% 1,182 106% Utilities - Electric 5,296 6,600 80% 6,290 84% 13,800 12,538 128 0 0% 0 0% Utilities - Gas 3,455 0 0% 0 0% 04 , 3 5 5 581 505 115% 505 115% Utilities - Telephone/Fax 3,256 3,030 107% 2,862 114% 6,060 6,046 2,415 1,800 134% 1,804 134% Utilities - Waste 7,461 5,150 145% 6,089 123% 14,300 19,582 1,033 740 140% 738 140% Utilities - Water 3,214 2,405 134% 2,397 134% 5,075 7,587 595 400 149% 407 146% Bank Charges 3,017 2,165 139% 2,165 139% 4,295 5,552 100 100 100% 50 200% Cell Phone 450 600 75% 450 100% 1,200 1,100 140 300 47% 357 39% Copier/Photocopies 1,024 1,800 57% 1,408 73% 3,600 2,191 26,705 15,000 178% 14,695 182% Credit Card Discounts 56,674 33,950 167% 32,965 172% 92,450 122,496 590 100 590% 90 656% Dues & Subscriptions 1,815 1,850 98% 1,707 106% 3,100 3,154 00 0% 0 0% Education & Training 1,150 500 230% 34 3354% 500 1,450 05 0 0 0% 0 0% Employee Procurement 163 2,000 8% 51 323% 2,000 222 278 200 139% 0 0% Employee Relations 1,096 1,900 58% 1,494 73% 3,000 1,649 5,729 5,020 114% 5,261 109% Insurance Expense 29,667 28,920 103% 29,750 100% 59,040 57,848 2,000 2,000 100% 2,000 100% O/S - Accounting 12,000 12,000 100% 12,000 100% 24,000 24,099 243 625 39% 246 99% Payroll Processing Fee 2,236 3,750 60% 1,476 152% 7,500 6,419 07 5 0% 90 0% Postage/Shipping 591 450 131% 548 108% 900 1,149 0 (200) 0% (1,244) 0% Purchase Discounts 0 (725) 0% (1,865) 0% (1,325) (168) 773 100 773% 120 647% Tax/Licenses/Fees 1,547 1,025 151% 930 166% 2,150 2,160 00 0% 0 0% Travel - Air 1,040 3,800 27% 2,022 51% 3,800 1,917 00 0% 112 0% Travel - Auto 1,051 1,400 75% 1,073 98% 1,900 1,420 02 0 0 0% 161 0% Travel - Hotel 1,395 2,000 70% 1,592 88% 3,000 1,792 07 5 0% 129 0% Travel - Meals 59 800 7% 721 8% 1,250 78 2,023 1,900 106% 1,921 105% Employee Meals 5,019 4,910 102% 4,796 105% 12,210 11,396 51,480 35,475 145% 33,338 154% TOTAL OPERATING EXPENSES 171,260 149,340 115% 140,486 122% 323,575 353,350 (63,771) (48,312) 132% (44,541) 143% EBITDA (241,731) (221,683) 109% (208 ,572) 116% (471,073) (495,799) 8,358 8,358 100% 8,115 103% Management Fee 50,150 50,148 100% 48,690 103% 100,547 99,294 8,358 8,358 100% 8,115 103% Management Fees 50,150 50,148 100% 48,690 103% 100,547 99,294 00 0% 32,607 0% Capital Projects 0 15,000 0% 38,107 0% 15,000 0 00 0% 32,607 0% S/T OTHER EXPENSES 0 15,000 0% 38,107 0% 15,000 0 (72,129) (56,670) 127% (85,263) 85% N ET INCOME (291,881) (286,831) 102% (295,369) 99% (586,620) (595,093) Nemadji G & A For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $5,176 $5,233 99% $5,355 97% Gross Payroll - Salaried $30,617 $30,900 99% $28,897 106% $62,300 $60,379 417 417 100% 208 200% Gross Payroll - Bonus 2,500 2,500 100% 1,250 200% 5,000 5,750 5,592 5,650 99% 5,563 101% S/T Wages 33,117 33,400 99% 30,147 110% 67,300 66,129 402 432 93% 425 95% Payroll Tax - FICA 2,259 2,555 88% 2,321 97% 5,148 4,720 01 9 0% 0 0% Payroll Tax - UC 426 701 61% 498 86% 813 518 94 106 88% 45 211% Payroll Tax - WC 594 603 99% 541 110% 1,240 1,231 1,232 689 179% 12 9939% Benefits 7,385 4,134 179% 73 10156% 8,475 11,957 1,728 1,246 139% 482 359% S/T Adders 10,664 7,992 133% 3,432 311% 15,676 18,426 7,321 6,896 106% 6,045 121% TOTAL PAYROLL 43,782 41,392 106% 33,579 130% 82,976 84,554 OPERATING EXPENSES 02 5 0% 0 0% Supplies 78 150 52% 207 38% 300 78 1,577 1,975 80% 1,786 88% Advertising & Promotion 13,348 13,850 96% 12,183 110% 26,200 25,591 1,577 2,000 79% 1,786 88% TOTAL OPERATING EXPENSES 13,426 14,000 96% 12,389 108% 26,500 25,669 (8,898) (8,896) 100% (7,831) 114% EBITDA (57,207) (55,392) 103% (45,968) 124% (109,476) (110,223) (8,898) (8,896) 100% (7,831) 114% NET INCOME (5 7,207) (55,392) 103% (45,96 8) 124% (109,476) (110,223) Nemadji Marketing For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $354,030 $356,471 99.3% $339,388 104.3% Green Fees & Cart Fees $671,097 $700,718 95.8% $683,854 98.1% $1,897,925 $1,833,188 42,193 44,900 94.0% 41,971 100.5% Merchandise 136,337 121,600 112.1% 120,111 113.5% 284,850 286,001 9,520 3,800 250.5% 4,418 215.5% Other Pro Shop 14,933 9,650 154.7% 9,874 151.2% 24,725 25,806 20,132 20,500 98.2% 19,455 103.5% Range 52,579 54,150 97.1% 52,226 100.7% 114,850 111,139 87,502 85,200 102.7% 82,024 106.7% Food and Beverage 197,266 202,385 97.5% 192,691 102.4% 505,645 491,023 241 0 0.0% 0 0.0% Food and Beverage Gratuity Income 241 0 0.0% 0 0.0% 02 4 1 513,618 510,871 100.5% 487,256 105.4% TOTAL REVENUE 1,072,452 1,088,503 98.5% 1,058,755 101.3% 2,827,995 2,747,397 COST OF SALES 33,010 30,410 108.6% 28,636 115.3% Merchandise 99,827 83,555 119.5% 82,150 121.5% 193,845 205,747 34,704 32,398 107.1% 27,932 124.2% Food & Beverage 75,298 77,730 96.9% 71,858 104.8% 193,598 196,465 67,714 62,808 107.8% 56,568 119.7% TOTAL COGS 175,125 161,285 108.6% 154,008 113.7% 387,443 402,213 78.2% 67.7% 115.5% 68.2% 114.7% COGS - Merchandise % 73.2% 68.7% 106.6% 68.4% 107.0% 68.1% 917.3% 39.7% 38.0% 104.5% 34.1% 116.4% COGS - Food & Beverage % 38.2% 38.4% 99.5% 37.3% 102.4% 38.3% 541.3% PAYROLL 62,160 50,991 121.9% 45,081 137.9% Course and Grounds 207,476 189,765 109.3% 191,547 108.3% 427,700 434,451 16,884 17,439 96.8% 19,234 87.8% Carts, Range, Starters, Etc. 31,019 36,725 84.5% 35,125 88.3% 90,593 85,261 28,784 23,868 120.6% 22,517 127.8% Pro Shop 99,999 89,766 111.4% 75,445 132.5% 195,213 199,903 37,821 35,193 107.5% 34,571 109.4% Food and Beverage 157,828 154,978 101.8% 140,237 112.5% 333,211 334,014 12,291 12,837 95.8% 11,202 109.7% General and Administrative 70,471 72,343 97.4% 68,087 103.5% 147,498 142,448 7,321 6,896 106.2% 6,045 121.1% Marketing 43,782 41,392 105.8% 33,579 130.4% 82,976 84,554 165,262 147,223 112.3% 138,650 119.2% TOTAL PAYROLL 610,575 584,970 104.4% 544,020 112.2% 1,277,191 1,280,632 OPERATING EXPENSES 85,010 50,793 167.4% 48,619 174.8% Course and Grounds 140,530 154,003 91.3% 126,228 111.3% 339,833 291,002 8,330 7,094 117.4% 7,038 118.4% Carts, Range, Starters, Etc. 37,912 44,614 85.0% 56,562 67.0% 82,278 73,544 2,874 2,150 133.7% 2,123 135.4% Pro Shop 18,108 15,950 113.5% 14,843 122.0% 22,550 25,145 5,950 5,290 112.5% 5,005 118.9% Food and Beverage 16,059 19,801 81.1% 17,122 93.8% 37,991 35,066 51,480 35,475 145.1% 33,338 154.4% General and Administrative 171,260 149,340 114.7% 140,486 121.9% 323,575 353,350 1,577 2,000 78.9% 1,786 88.3% Marketing 13,426 14,000 95.9% 12,389 108.4% 26,500 25,669 155,221 102,802 151.0% 97,909 158.5% TOTAL OPERATING EXPENSES 397,296 397,708 99.9% 367,630 108.1% 832,727 803,776 388,196 312,833 124.1% 293,127 132.4% TOTAL EXPENSES 1,182,995 1,143,964 103.4% 1,065,658 111.0% 2,497,361 2,486,621 125,421 198,038 63.3% 194,129 64.6% EBITDA (110,542) (55,460) 199.3% (6,903) 1601.4% 330,633 260,777 (8,358) (8,358) 100.0% (8,115) 103.0% MANAGEMENT FEES (50,150) (50,148) 100.0% (48,690) 103.0% (100,547) (99,294) OTHER INCOME (EXPENSE) 00 0.0% (32,607) 0.0% Other Expenses / Capital Reserve / Impairment 0 (15,000) 0.0% (38,107) 0.0% (15,000) 0 0 0 0.0% (32,607) 0.0% TOTAL OTHER INCOME (EXPENSE) 0 (15,000) 0.0% (38,107) 0.0% (15,000) 0 Nemadji Standard Summary Income Statement For the Six Months Ending Tuesday, June 30, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 117,063 189,680 61.7% 153,407 76.3% NET INCOME (160,693) (120,608) 133.2% (93,699) 171.5% 215,086 161,482 5,867 5,939 98.8% 5,980 98.1% Paid Rounds 11,040 11,666 94.6% 12,136 91.0% 32,013 32,502 4,373 4,500 97.2% 4,452 98.2% Member Rounds 10,000 9,653 103.6% 10,016 99.8% 24,414 23,579 303 215 140.9% 202 150.0% Other Rounds 588 465 126.5% 530 110.9% 1,230 1,655 10,543 10,654 99.0% 10,634 99.1% Total Rounds 21,628 21,784 99.3% 22,682 95.4% 57,657 57,736 88 86 101.8% 81 107.4% Revenue/Paid Rounds 97 93 104.1% 87 111.3% 88 31,777 49 48 101.6% 46 106.3% Revenue/Total Rounds 50 50 99.2% 47 106.2% 49 628 60 60 100.5% 57 106.3% Green Fees / Cart Fees per Paid Rounds 61 60 101.2% 56 107.9% 59 9,581 34 33 100.4% 32 105.2% Green Fees / Cart Fees per Total Rounds 31 32 96.5% 30 102.9% 33 324 88 103.8% 8 107.6% F&B Revenue/Total Rounds 9 9 98.2% 8 107.4% 91 4 8 44 95.0% 4 101.4% Merchandise Revenue/Total Rounds 6 6 112.9% 5 119.0% 51 2 8 Nemadji Standard Summary Income Statement For the Six Months Ending Tuesday, June 30, 2026 6/30/2026 12/31/2025 6/30/2025 ASSETS CURRENT ASSETS: Cash Cash - Operating 1,605,880 1,210,122 1,194,687 Cash - Payroll 77,095 76,439 1,036 Cash - Housebank & Other 2,900 2,900 2,900 Total Cash 1,685,875 1,289,461 1,198,623 Accounts Receivable A/R Trade 9,423 (1,468) 1,210 Total Accounts Receivable 9,423 (1,468) 1,210 Other Current Assets Inventory - Merchandise 192,339 95,035 178,135 Inventory - Food & Beverage 41,444 21,143 36,473 Prepaid Insurance 0 23,869 (5,261) Prepaid Exp - Other 285 0 2,662 Total Other Current Assets 234,068 140,047 212,009 TOTAL CURRENT ASSETS 1,929,366 1,428,040 1,411,841 TOTAL ASSETS 1,929,366 1,428,040 1,411,841 Nemadji Balance Sheet For the Six Months Ending Tuesday, June 30, 2026 6/30/2026 12/31/2025 6/30/2025 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accts Pay - Trade 133,794 (7,320) 53,222 Accts Pay - Other 11,331 3,651 (2,831) Accrued Expenses 70,442 3,547 40,049 Accrued Payroll 94,503 7,226 13,134 Accrued Taxes 23,845 1,192 22,040 Deferred Revenue 367,810 81,723 349,871 TOTAL CURRENT LIBILITIES 701,725 90,019 475,485 LONG-TERM LIABILITIES: Long-term debt 461,139 410,827 331,337 TOTAL LONG-TERM LIABILITIES 461,139 410,827 331,337 TOTAL LIABILITIES 1,162,864 500,846 806,822 STOCKHOLDER'S EQUITY Retained Earnings 766,502 927,194 605,019 Net Retained Earnings 766,502 927,194 605,019 Stockholders Equity 766,502 927,194 605,019 TOTAL STOCKHOLDER'S EQUITY 766,502 927,194 605,019 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 1,929,366 1,428,040 1,411,841 Nemadji Balance Sheet For the Six Months Ending Tuesday, June 30, 2026 Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard 8.99.49.39.19.2 0 20 40 60 80 100 120 106 5 1 7 1 0 6 5 1 7 1 0 6 5 17 PromoterCount DetractorCount PassiveCount NET PROMOTER SCORE 78.9 Net Promoter Score (NPS) is the percentage of promoters (9–10) minus detractors (0–6), requiring at least 25 responses for a definitive sample size; 70+ is the target benchmark for KemperSports. SATISFACTION SCORES BY KEY METRICS 9.2 9.1 9.3 9.4 8.9 Promoters (9–10) are enthusiastic and likely to recommend you. Passives (7–8) are satisfied but uncommitted. Detractors (0–6) are unhappy and may discourage others. OVERALL EXPERIENCE VALUE PERCEPTION FOOD & BEVERAGE SERVICE SATISFACTION COURSE CONDITIONS 0 25 50 75 100 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 71 90 87.1 100 0 0 0 0 94.1 77.3 78.9 77.3 Target NUMBER OF RESPONSES With fewer than 25 responses, results are indicative/directional — not statistically reliable. 128 Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard REPUTATION SCORE TrueInsight standardizes ratings from each platform into a 0–5 scale for consistent reporting.  • Google: Reviews use a 1–5 star rating.  • TripAdvisor: Reviewers rate their experience on a 1–5 scale.  • Facebook: Uses a "Recommend" or "Don’t Recommend" rating. MOST RECENT REVIEWS 0 2 4 6 Aug 2025 Oct 2025 Dec 2025 Feb 2026 Apr 2026 Jun 2026 3.7 3 5 5 0 0 0 0 3.5 5 5 5.0 0 5 REPUTATION SCORE OVER TIME 2Total reviews submitted during this period: DATE COMMENTS SCORE Jun 10, 2026 We played the East/West course and we were very pleased with thecondition, especially the greens. The layout and tee box positionsoffered a challenge for any level of player. 5.0 Jun 7, 2026 Beautiful course. We played East/West. Definitely one of my upnorth favorites. 5.0 Grand total 5.0 ▼ 1 - 2 / 2 < > Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard OPEN RATE (This Period) Email campaign data shows whether your emails are getting noticed and whether they’re actually driving action. Open rate reflects subject line and timing effectiveness, while click rate reveals which messages and CTAs are truly resonating. TOTAL SUBSCRIBERS Max # of Emails Sent 17,138 EMAIL CAMPAIGN PERFORMANCE CLICK RATE (This Period) 38.9% 0% 50% Industry Benchmark: 38.3% Industry Benchmark: 2.2% 36.3% 0% 50% DATE CAMPAIGN SENT OPENS OPEN RATE CLICKS CLICK RATE Jul 31, 2026 July Newsletter 10,607 2,071 19.7% 20 0.95% Jul 21, 2026 Go vote for Nemadji GolfCourse!! 10,499 2,037 19.57% 20 0.96% Jul 14, 2026 Titleist Fitting Day 10,472 1,993 19.2% 19 0.96% Jun 27, 2026 June Newsletter 10,298 2,074 20.32% 20 0.98% Jun 18, 2026 Last Call for Nemadji InviteTHIS WEEEKEND!! 10,229 1,991 19.64% 20 0.99% Jun 9, 2026 Your shot at a StreamsongGolf Getaway 10,165 2,010 19.95% 20 0.99% Jun 4, 2026 Callaway & Srixon fittingthis Weekend! 10,115 1,906 19% 19 1% May 29, 2026 Nemadji Invite coming up 10,064 1,929 19.32% 19 1% May222026 MayNewsletter 10005 1898 1912% 19 101% ▼ 1 - 100 / 189 < > EmailCampaigns Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard WebsiteEngagement TOTAL USERS MOST VIEWED PAGES This Period 8,698 23.5% from previous year This Year to Date 45,935 25.3% from previous year 0 1K 2K 3K 4K Jun 1, 2026 Jun 8, 2026 Jun 15, 2026 Jun 22, 2026 Jun 29, 2026 3.1K 2 7 9 3 . 1 K 279 2.9K 2 . 1 K 2 . 9 K 2.1K 3.2K 1 . 9 K 3 . 2 K 1.9K 3.1K 2 . 5 K 3 . 1 K 2.5K 863 3 . 2 K 8 6 3 3.2K Total users Total users (previous year) ENGAGEMENT Engagement rate 68.99% 14.40% from previous year Average session duration 00:02:56 -00:00:19 from previous year A GA4 engagement rate of 50–65% is typical for most golf course websites, while anything in the 65–75% range signals strong, high-performing user engagement. Engaged sessions 11,446 4,214 from previous year Total Users reflects the number of unique individuals who visited the site during a given period. PAGE VIEWS / 11,329 /club/15146/widget 6,162 /rates/ 2,186 /club/nemadji-golf-club/booking/ 2,015 /club/nemadji-golf-club 927 /nemadji-golf-academy/ 622 /calendar-of-events/ 518 /scorecard/ 465 /contact-us/ 334 /nemadji-menu/ 300 /nemadji-course-conditions/ 264 /+1715-394-0266 261 /about-us/ 233 Grand total 28,859 ▼ Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard WebsiteDemographics 73.4% 25.6% 1 % mobile desktop tablet 0% 10% 20% 30% Monday Tuesday Wednesday Thursday Friday Saturday 7 18% 20% 20% 21% 21% 23% 18% Mobile Users 6,406 28.9% Desktop Users 2,232 12.8% Tablet Users 88 -24.1% USERS BY DEVICE USERS BY DAY OF WEEK City Users Δ Minneapolis 2,082 451 Chicago 1,696 738 Duluth 934 6 (not set) 848 315 Superior 578 107 Waukesha 332 179 Englewood 220 215 Denver 209 202 Dallas 196 -340 ▼ Keyboard shortcuts Map data ©2026 Google, INEGI Terms Total users 4 2,082 USERS BY LOCATION GA4 tracks users’ location based on their IP address and assigns them to a country, region, or city. Location data is approximate, not exact, and can be skewed by VPNs, shared networks, or privacy settings. It’s useful for trend insights, but not for precise targeting. Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard MOST IMPRESSIONS Google Search Console shows how often your site appears in search and whether people choose to click. Focus on impressions, position, and CTR to gauge visibility and relevance. Top queries reveal what you’re known for in search and where the biggest opportunities to win more clicks exist. KEY SEARCH PERFORMANCE METRICS   (vs previous year) Impressions 21,456 -8.9% Clicks 2,617 3.2% Site CTR 12.20% 13.3% IMPRESSIONS AND CLICKS OVER TIME Average Position 8.4 -56.5% MOST CLICKS 0 10K 20K 30K Impressions 0 1K 2K 3K Clicks Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 Impressions Clicks nemadji golf course 3,311 nemadji 818 nemadji golf 801 duluth golf courses 474 nemadji mens club 351 golf courses near me 338 restaurants superior wi 282 golf courses duluth mn 278 golf course 263 golf 222 1 - 100 / 686 < > nemadji golf course 1,104 nemadji golf 231 nemadji 168 namaji golf course 44 nemadji golf course superior wi 27 duluth golf courses 22 golf courses near me 18 superior golf course 14 superior wi golf courses 11 driving range near me 9 1 - 100 / 686 < > Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard AI PROMPT TARGETS KEYWORDS OF OPPORTUNITY KEYWORD IMPRESSIONS CLICKS CTR AVG POSITION golf 222 1 0.45% 12.0 golf handicap flag 41 0 0% 9.2 nemadji golf course reviews 41 1 2.44% 9.0 duluth denfeld golf coach 37 0 0% 9.7 golf lessons duluth 34 1 2.94% 10.3 breakfast superior wi 33 0 0% 14.9 golf outings duluth minnesota 31 0 0% 10.9 takeout food near me 16 0 0% 10.9 fish fry near me 14 0 0% 11.6 lunch near me 11 0 0% 13.6 ▼ 1 - 100 / 135 < > This chart highlights keywords where you’re close to page one (Average Position < 10) but not quite there yet. These are your fastest wins — Google already trusts the content, so small improvements can lead to big traffic gains. Prioritize these before spending time on new keywords. PROMPT IMP. best golf courses near duluth mn 24 best golf courses in duluth mn 23 best golf courses near me 22 best public golf in duluth 17 best ball duluth 3 top golf duluth mn 3 ▼ 1 - 17 / 17 < > 0 1 2 3 Jun 1, 2026 to J… Jun 15, 2026 to… Jun 22, 2026 to… Jun 29, 2026 to… 3 3 3 1 chatgpt.com Queries that behave like AI prompts — informational searches where AI tools often answer without sending traffic. AI-DRIVEN WEBSITE SESSIONS KeywordPerformance Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard This page provides a high-level view of how your Facebook Page is performing overall, independent of individual posts. It focuses on audience size, engagement with the Page itself, and whether your follower base is growing month over month. PAGE PERFORMANCE METRICS   (vs previous year) Total Impressions 111,516 150.7% 2,974 352 MONTHLY NET FOLLOWER GROWTH -50 0 50 100 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 18 9 7 -3 6 7 14 51 79 74 52 39 0 1K 2K 3K Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1,533 1,625 2,156 1,597 1,400 1,280 1,673 MOST VISIBLE DAYS OF THE WEEK TOTAL FOLLOWERS Shows whether your audience is growing or shrinking after accounting for both new followers and unfollows. Total Reach 54,932 31,460 Net New Followers 52 34 Average number of page views each day of the week over the last 12 months. 0 50K 100K 150K Aug 2025 Oct 2025 Dec 2025 Feb 2026 Apr 2026 Jun 2026 PAGE IMPRESSIONS OVER TIME Total number of page impressions each month over the last 12 months. Nemadji Golf Course Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard MOST ENGAGING POSTS This page focuses on how your Facebook content performed during the selected time period. It shows how often you posted, how many people your posts reached, and how audiences interacted through likes, comments, and shares. POST ENGAGEMENT METRICS   (vs previous year) Engagement Rate 23.66% - Post Engagements 13,748 - Post Reach 58,116 - Post Count 18 - Date Caption Reach Engagements Jun 21, 2026 Results from day 2 of the NemadjiInvitational! Grant Faherty beats RobMihalek in the Championship matchto secure the Bill Law Trophy. 3,992 2,391 0.6 Jun 20, 2026 Day 1 Invite results are posted belowas well as flights. All players have beencalled for their tee times tomorrow formatch play. We also had a hole-in-one 6,252 3,079 0.49 Jun 20, 2026 Day one of the Nemadji Invitational isunderway! We have 70 golfersqualifying today for our match playevent tomorrow! We haven't had 2,792 1,124 0.4 Jun 21, 2026 Brackets for the invite today! 1,998 656 0.33 Jun 30, 2026 Congrats to the following Gentlemenon their Hole-in-one!! June 6th - Andrew Rude, 5 North, 147 7,451 2,188 0.29 Jun 4, 2026 Another HIO compliments of TimSauter. Tim hit his with a wedge on 17West on Tuesday! Congrats Tim!! 7,471 1,227 0.16 Jun92026 Rickwasnotonlythefirstplayerat 1112 165 015 ▼ 1,375 94 87 This chart highlights the posts that generated the strongest response relative to how many people saw them. When reviewing it, look beyond raw reach and focus on engagement rate to understand which messages actually resonated, not just which ones were widely distributed. Nemadji Golf Course Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard PROFILE PERFORMANCE METRICS Total Reach 3,524 Net New Followers 15 Total Impressions 20,213 - 1,320 POST PERFORMANCE ACCOUNT FOLLOWS Date Caption Reach Engagements Eng Rate Jun 30, 2026 Congrats to the following Gentlemen ontheir Hole-in-one!! June 6th - Andrew Rude, 5 North, 147 d9i 1,398 84 6.01% Jun 27, 2026 Drive, Chip, and Putt Qualifier is rightaround the corner. Make sure to get yourjunior signed up before the July 5thdeadline! 184 4 2.17% Jun 23, 2026 We are excited to announce that both ofour Junior Tournaments this year areFREE to junior golfers who wish toparticipate! This incredible opportunity is d ibl b h i f 342 11 3.22% Jun 21, 2026 Brackets for the invite today! 270 11 4.07% Jun 21, 2026 Results from day 2 of the NemadjiInvitational! Grant Faherty beats RobMihalek in the Championship match tosecure the Bill Law Trophy. 1,049 64 6.1% ▼ Instagram shows whether your content is reaching the right people and motivating them to engage and follow. Look for growth in reach and new followers while maintaining a healthy engagement rate, which signals relevance. No year-over-year follower comparison. Instagram only keeps about 30 days of account-level history, so there isn’t enough data to compare this to last year. Nemadji Golf Course Engagement Rate 6.90% - Post Engagements 543 - Post Reach 7,866 - Post Count 13 - 476 5 52 Jun 1, 2026 - Jun 30, 2026 Nemadji Golf Course | Performance Dashboard Date: August 18, 2026 To: Bridgit Maruska, City of Superior – Public Works Director From: Vince Juarez, ROE KemperSports, and Dan Walker, Head Golf Professional/GM CC: Mary Kate Walsh, Senior Regional Sales & Marketing Director, KemperSports Re: July 2026 Client Report Overview: July was a hot and dry month. We had one rain event that produced 1.3” of rain in a 35- minute event. Other than that, we had no substantial rain all month. We also lost a few days to wildfire smoke that hurt our rounds of golf. Total revenue for the month ended up slightly behind budget (2%) but was up 5.4% over last year. Merchandise COGS were in line with budget for the month. F&B COGS were under budget by 6%. Payroll was over budget for the month by 7% and is 8.6% over budget for the year. This is mainly due to C&G payroll going up and having to work more hours to irrigate our course overnight. We must manually key on over 210 heads that takes a lot of time and man hours to complete. OPEX was over budget by 16% for the month due to the increase in credit card processing fees and is 3% over budget YTD. Rounds of golf were decent for the month up 174 rounds over last year but YTD rounds are still behind last year by 880 rounds. July 2026 Actual Budget Variance % Change 2025 Actual % Change Nemadji Golf Course Total Revenue 562,184$ 571,564$ (9,380)$ -2% 533,534$ 5.4% Merchandise COG's % 68% 68% 0% 1% 67% 1.6% F&B COG's % 33% 38% -6% -14% 42% -22.1% Payroll Expense 165,986$ 154,784$ 11,202$ 7% 152,896$ 8.6% Other Expense 115,268$ 99,691$ 15,577$ 16% 85,275$ 35.2% EBITDA 220,308$ 248,933$ (28,625)$ -11% 229,063$ -3.8% Management Fees 8,358$ 8,358$ -$ 0% 8,115$ 3.0% Net Income 211,949$ 240,575$ (28,626)$ -12% 220,948$ -4.1% Rounds 11,062 11,732 (670) -6% 10,888 1.6% Average GF/CF 36$ 34$ 2$ 5.9% 34$ 5.9% FY 2026 TYD Actual Budget Variance % Change PY Actual % Change Nemadji Golf Course Total Revenue 1,634,636$ 1,660,067$ (25,431)$ -1.5% 1,592,289$ 2.7% Merchandise COG's % 72% 68% 4% 5.3% 68% 5.9% F&B COG's % 36% 38% -2% -5.2% 39% -6.2% Payroll Expense 776,561$ 739,754$ 36,807$ 5.0% 696,917$ 11.4% Other Expense 512,563$ 497,399$ 15,164$ 3.0% 452,905$ 13.2% EBITDA 109,765$ 193,473$ (83,708)$ -43.3% 222,160$ -50.6% Management Fees 58,509$ 58,506$ 3$ 0.0% 56,804$ 3.0% Net Income 51,257$ 119,967$ (68,710)$ -57.3% 127,249$ -59.7% Rounds 32,690 33,516 (826) -2.5% 33,570 -2.6% Average GF/CF 3$ 33$ (30) -90.9% 31$ -90.3% Key Performance Highlights: • Course and Grounds o We hosted the Men’s Club Red, White & Blue tournament on July 4th. o We hosted the Drive, Chip & Putt Local Qualifier on July 10th. o Our MN PGA Junior Sota Series event was re-scheduled from July 15th to August 12th due to wildfire smoke. o We hosted the annual UWS Alumni golf tournament on Friday, July 17th. They used all 36 holes for the event this year. o We hosted the annual Hermantown Hockey Fundraiser on Saturday, July 18th. o The Women’s Invitational was held on Wednesday, July 22nd where they saw an increase in participation from a change in format this year. o We hosted the annual CASDA fundraiser on July 23rd. o We hosted the SAHA fundraiser on July 24th. o We hosted the Bernie Tomzak Junior Golf Tournament on our Compass Course on July 29th. o Greens fee revenue was up $6,115 or 3% over last July and is only 1% under budget YTD. o Season Pass revenue was up 1% over budget for the month and is inline with budget YTD. o Payroll was over budget for the month by 11% and is 10% over budget YTD. This is due to a dry month and having to key on over 210 heads mannually that takes time and man hours to complete. o OPEX for C&G was 1% over budget for the month but sits at 6% under budget YTD. • Carts o Cart revenue came in 7% under budget for the month and is 5% under budget YTD. o The shortage is from the week when we had wildfire smoke and very few rounds. o Payroll came in 7% under budget for the month and is 13% under budget YTD. o OPEX was 23% over budget for the month due to more cart repairs on an old fleet and is 2% over budget YTD. o We have had numerous carts that need repairs. EZ-GO was on property for a second time replacing heat sensors in our newer carts and fixing electrical issues on our 8 year old carts. • Range o Driving Range revenue was 16% under budget for the month and is 7% under budget YTD. o This was due to the week when we had wildfire smoke and no one came out to use the practice facilities. o OPEX was flat to budget for the month and is 66% under budget YTD. • F&B o Total F&B revenue was strong for the month coming in at 11% over budget and is now up 5% over last year. o It is also ahead of budget by 2% YTD. o Food revenue was decent for the month coming in 4% under budget for the month and is 5% under budget YTD. It is up 3% over last year. o Again the small shortages are due to the week of wildfire smoke. o Non-alcoholic beverage sales had a good month coming in at 25% over budget and are now 17% over budget YTD. o Beer sales were strong coming in at 27% over budget for the month and are now 9% ahead of budget YTD. o Liquor sales were decent coming in at 1% under budget and are only 5% under budget YTD. o MTD COGS were 6% under budget and are 4% under budget YTD. o OPEX for the month was over budget by 72% but is 6% under budget YTD. o Payroll was 11% over budget for the month and is 4% over budget YTD. o Payroll was up due to having extra staff on for the UWS and Women’s Invitational banquets with the increase in participants of both events. o Overall F&B had a great month with NOI comin in 31% over budget for the month and up 122% over last July. • Golf Shop o Golf merchandise sales had a soft month coming in 17% under budget and 3% behind last July. o YTD merchandise revenue is up 4%. o COGS were in line with budget for the month and are only 5% over budget YTD. o Payroll was over budget by 7% for the month and sits at 11% over budget for the year. This is due to having two large events that increased participation over last year and needing more staff on to operate. o OPEX was under budget by 11% for the month and is now 7% over budget YTD. • G&A o Payroll is in line to budget both MTD & YTD. o OPEX was 21% over budget for the month and sits at 16% over budget YTD. This is mainly due to the increase in credit card processing fees. o We are currently reviewing our credit card processing and are looking to possibly switch to Lightspeed Payments. • Marketing o Payroll is slightly over budget for the month and YTD. o OPEX was 189% over budget for the month and is 20% over budget YTD. o The increase in expenses was for a new vendor that came onsite and took drone footage of our property that we will be using to update our website and photo library. o The overage should work itself out throughout the rest of the season with expenses. TrueReview July 2026 July 2025 YTD NPS is at 77.6 where last year through the same period we were at 70.7. KemperSports Upcoming Key Initiatives • Green to a Tee o Level 2 certified and will work to level 3 but the program requires some significant financial commitment to achieve. • Safety National o Round #2 took place in July. • TrueService o The main TrueService Training was completed on June 11th. We had another training on July 30th for the new staff members that had come on board after June 11th. • Player Development o We hosted our rescheduled Callaway fitting on July 8th. o Junior Golf Camp and Leagues continued throughout the month. o Grady Hauswirth has been hosting his beginner clinics, Chip & Sip clinics, and Parent Child clinics all month. o We also had two Women’s Club clinics. o We hosted a local Drive, Chip & Putt Qualifier on July 10th. Weather July 2026 Historic Ave July Rain Totals 1.3” 4.88” Low Temperature 51 (22nd) 58 High Temperature 102 (14th) 76 • Golf Course Maintenance Highlights: o Continuous work on the old irrigation control issues. We have six control boxes that will not send out the daily watering program where we must key on heads to get water on six of our holes. o The staff had to start coming out overnight to key on over 210 irrigation heads manually to keep up with the dry conditions. o This cost us man hours and payroll dollars to keep our tees and greens in decent shape. o The rest of the golf course has dried out considerably and needs assistance from mother nature. o Continued applying broadleaf control for dandelions and clover around our tee sign areas and rough areas. o Continued summer application of wetting agents and fungicides to promote proper growth and protection of the turf. o Worked on clearing out brush on the edges of our cart paths that was impeding on our cart traffic. o Started prepping the area of #9 East Black tee box that was dug up from Enbridge pipeline work during an integrity dig. o Prepped golf course for the Nemadji Women’s Invitational where we double cut and rolled our greens. Reviews were excellent as our greens were fast and firm. o Continued to work on struggling turf areas, topdressing, seeding and fertilizing to kickstart new growth. This was mainly done on fairways #15-#18 South and a handful of tee boxes. o Continued work with Dan Walker, KemperSports and the City of Superior getting our RFP documents posted for the new irrigation system. o Golf Course conditions update ▪ Greens – spraying wet agents – Greens are in great shape. ▪ Tees – starting to dry out with the lack of rain. ▪ Fairways – Issues with some of our irrigation control boxes and extremely dry conditions have caused our fairways to brown out in spots. ▪ Rough – Our rough is very dry and has little growth due to the dry conditions. • Client and Team Member Relations Update: o We will host the next City Golf Committee meeting on Thursday, August 27th. o Continuous work with the City of Superior to get the RFP posted for the new irrigation system. o All managers (GM, Sales & Marketing, Golf Shop, Superintendent and F&B) were involved with two staff meetings discussing the staffing and operations now that the golf season has started. o Weekly GM conference call with Vince Juarez, ROE, and the KemperSports Midwest GM Team where we discuss current operational updates within KemperSports. o Monthly revenue call with Senior Regional Sales & Marketing Director Mary Kate Walsh, Vince Juarez, ROE, Dan Walker, GM, and Christian Houle, Sales & Marketing Manager. In these calls we review financials, outing booking pace reporting, current and future sales promotions, all marketing strategies, upcoming KemperSports marketing and player development initiatives and various other topics as needed. • Capital Plan Update: o Work was completed on the Pop Shop building for the main construction aspect. We now need to work on getting the right IT service to the building along with surveillance coverage. o Work began on the asphalt capital project for the expanded cart staging area near the Pop Shop and behind the kitchen. • Monthly Financial Income Statement o Attached is July’s summary income statement which breaks down the categories including revenues, payroll, and operating expenses. Please let us know if you have any questions. MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $189,639 $183,524 103% $169,293 112% Green Fees $491,766 $497,437 99% $478,671 103% $864,515 $871,472 00 0% 0 0% Golf Simulator Revenue 32,612 40,355 81% 38,560 85% 58,380 43,051 111,619 110,330 101% 106,995 104% Annual Pass Revenue 287,730 290,280 99% 275,707 104% 482,030 470,361 97,794 105,000 93% 94,855 103% Cart Fee 258,041 271,500 95% 262,058 98% 493,000 476,214 40,509 48,750 83% 41,658 97% Merchandise 176,846 170,350 104% 161,769 109% 284,850 284,851 57 8,500 1% 7,918 1% Handicap Fee 1,376 9,150 15% 9,163 15% 9,200 871 1,370 1,000 137% 80 1713% Lessons 11,385 5,300 215% 4,220 270% 6,800 11,385 05 0 0% 33 0% Other Pro Shop Revenue 393 125 314% 157 250% 150 440 271 600 45% 513 53% Pull Cart Rental 1,130 2,400 47% 2,263 50% 3,100 1,572 1,147 500 229% 436 263% Rental Clubs 2,429 1,850 131% 1,660 146% 3,000 3,673 172 300 57% 260 66% Club Repair 1,237 1,775 70% 1,652 75% 2,475 1,641 17,015 20,300 84% 19,290 88% Range 69,593 74,450 93% 71,516 97% 114,850 108,863 30,568 32,000 96% 30,359 101% Food 109,880 116,000 95% 106,990 103% 192,000 182,339 12,513 10,000 125% 9,490 132% Beverage 29,999 25,550 117% 24,276 124% 46,350 48,041 38,237 30,000 127% 32,391 118% Beer 103,825 95,300 109% 97,245 107% 169,500 173,386 19,841 20,000 99% 19,193 103% Liquor 53,698 56,425 95% 54,591 98% 94,775 93,875 395 560 71% 560 71% Wine 1,120 1,370 82% 1,370 82% 2,120 1,750 263 150 175% 208 126% Tobacco 562 450 125% 421 134% 900 1,247 774 0 0% 0 0% Gratuity Income/Service Charge 1,014 0 0% 0 0% 01 , 0 1 4 562,184 571,564 98% 533,534 105% Total Revenues 1,634,636 1,660,067 98% 1,592,289 103% 2,827,995 2,776,047 COST OF GOODS SOLD 27,486 32,885 84% 27,834 99% COGS - Merchandise 127,313 116,440 109% 109,983 116% 193,845 205,400 10,760 13,760 78% 12,242 88% COGS - Food 42,839 49,880 86% 38,789 110% 82,560 73,941 8,908 4,800 186% 8,022 111% COGS - Beverage 15,694 12,264 128% 19,913 79% 22,248 31,318 9,931 10,500 95% 11,973 83% COGS - Beer 33,683 33,355 101% 32,839 103% 59,325 57,520 3,132 6,000 52% 5,501 57% COGS - Liquor 14,266 16,928 84% 16,414 87% 28,433 25,205 87 106 82% 133 66% COGS - Wine 420 260 161% 316 133% 403 525 202 105 193% 154 132% COGS - Tobacco 331 315 105% 440 75% 630 824 114 0 0% 442 26% COGS - Waste 1,201 0 0% 1,612 74% 01 , 8 0 2 60,622 68,156 89% 66,300 91% Total COGS 235,747 229,442 103% 220,308 107% 387,443 396,535 501,561 503,408 100% 467,234 107% GROSS MARGIN 1,398,889 1,430,626 98% 1,371,981 102% 2,440,551 2,379,512 67.85% 67.46% 101.00% 66.81% 102.00% COGS - Merchandise % 71.99% 68.35% 105.00% 67.99% 106.00% 68.05% 918.56% 35.20% 43.00% 82.00% 40.32% 87.00% COGS - Food % 38.99% 43.00% 91.00% 36.26% 108.00% 43.00% 566.85% 71.19% 48.00% 148.00% 84.53% 84.00% COGS - Beverage % 52.32% 48.00% 109.00% 82.03% 64.00% 48.00% 727.47% 25.97% 35.00% 74.00% 36.96% 70.00% COGS - Beer % 32.44% 35.00% 93.00% 33.77% 96.00% 35.00% 415.69% 15.79% 30.00% 53.00% 28.66% 55.00% COGS - Liquor % 26.57% 30.00% 89.00% 30.07% 88.00% 30.00% 343.65% 22.12% 19.00% 116.00% 23.68% 93.00% COGS - Wine % 37.48% 19.00% 197.00% 23.10% 162.00% 19.00% 523.51% 76.98% 70.00% 110.00% 73.69% 104.00% COGS - Tobacco % 58.91% 70.00% 84.00% 104.52% 56.00% 70.00% -843.56% 32.54% 38.04% 86.00% 41.72% 78.00% COGS - All Food & Bev 36.26% 38.29% 95.00% 38.72% 94.00% 38.29% 532.10% PAYROLL 32,111 31,256 103% 31,226 103% Gross Payroll - Salaried 214,710 217,525 99% 220,969 97% 373,806 367,326 106,095 96,773 110% 95,793 111% Gross Payroll - Hourly 410,196 373,258 110% 350,671 117% 649,354 664,713 764 0 0% 460 166% Gross Payroll - Overtime 4,342 0 0% 2,424 179% 06 , 2 8 0 2,021 2,021 100% 1,250 162% Gross Payroll - Bonus 14,146 14,146 100% 8,750 162% 24,250 26,896 1,071 0 0% 0 0% Lessons 3,231 0 0% 0 0% 06 , 6 3 1 142,062 130,051 109% 128,730 110% S/T Wages 646,625 604,929 107% 582,814 111% 1,047,410 1,071,845 11,168 9,949 112% 10,019 111% Payroll Tax - FICA 48,088 46,277 104% 44,655 108% 80,127 80,203 2,573 3,344 77% 3,119 82% Payroll Tax - UC 13,148 16,746 79% 14,542 90% 23,508 20,568 2,062 2,444 84% 4,056 51% Payroll Tax - WC 12,031 11,055 109% 13,614 88% 19,371 22,912 8,121 8,996 90% 6,973 116% Benefits 56,668 60,746 93% 41,291 137% 106,775 98,194 23,924 24,733 97% 24,166 99% S/T Adders 129,936 134,825 96% 114,103 114% 229,781 221,877 165,986 154,784 107% 152,896 109% TOTAL PAYROLL 776, 561 739,754 105% 69 6,917 111% 1,277,191 1,293,722 OPERATING EXPENSES 3,271 4,200 78% 4,256 77% Chemicals 47,569 46,200 103% 47,474 100% 64,100 58,260 00 0% 0 0% Course Accessories 5,270 10,000 53% 8,353 63% 10,000 5,270 00 0% 497 0% Displays/Fixtures 2,775 2,000 139% 1,098 253% 2,000 2,775 00 0% 0 0% Fungicides 0 0 0% 121 0% 00 13,874 9,000 154% 8,155 170% Gas/Oil 26,063 22,500 116% 19,062 137% 41,500 45,184 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 22 500 4% 440 5% Landscape Expense 9,476 5,000 190% 999 949% 5,500 14,075 603 650 93% 868 69% Laundry/Linens 2,487 2,611 95% 2,791 89% 4,911 4,810 1,883 165 1141% 165 1144% Laundry/Uniforms 6,199 14,120 44% 7,776 80% 15,955 11,015 Nemadji Summary of All Units For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 02 5 0% 0 0% Office Supplies 660 175 377% 164 402% 300 824 00 0% 0 0% Propane Gas 2,886 0 0% 0 0% 03 , 6 0 4 00 0% 0 0% Range Balls 1,813 4,000 45% 15,442 12% 4,000 1,813 00 0% 0 0% Range Equipment 1,097 4,000 27% 6,342 17% 4,000 1,097 00 0% 0 0% Rental Club Expense 0 0 0% 713 0% 00 3,865 3,000 129% 4,128 94% Sand/Topdress 13,687 11,000 124% 12,208 112% 30,500 22,041 00 0% 0 0% Scorecards 2,225 2,500 89% 2,535 88% 2,500 2,225 05 0 0 0% 639 0% Seeds/Trees 2,378 2,750 86% 1,198 198% 4,750 4,078 00 0% 0 0% Small Tools 52 0 0% 0 0% 05 2 4,567 3,275 139% 2,378 192% Supplies 27,141 19,525 139% 19,625 138% 30,750 41,893 487 460 106% 460 106% Cable Tv Expense 3,363 3,220 104% 3,209 105% 5,520 5,670 2,838 1,300 218% 1,263 225% Cart Repairs 6,194 5,400 115% 4,184 148% 10,100 9,099 2,476 3,200 77% 3,158 78% Computer Service 11,221 13,000 86% 12,398 91% 20,500 19,070 4,464 5,100 88% 5,092 88% Handicap Expense 10,626 11,100 96% 11,031 96% 11,100 10,901 5,561 4,000 139% 8,432 66% Irrigation 9,628 15,000 64% 15,499 62% 26,000 15,488 6,448 4,750 136% 2,412 267% Repair & Maint - Equipment 20,317 26,000 78% 20,882 97% 47,750 40,823 4,394 3,250 135% 1,171 375% Repair & Maint - Building 17,082 22,000 78% 9,967 171% 38,250 24,453 02 5 0 0% 657 0% Security 2,215 1,750 127% 3,368 66% 3,000 3,473 5,244 5,244 100% 5,244 100% Cart Lease 36,708 36,708 100% 36,708 100% 62,928 62,928 380 100 380% 0 0% Equipment Lease 2,561 300 854% 377 679% 600 3,131 63 50 127% 568 11% Equipment Rental 3,432 350 981% 1,518 226% 7,600 5,620 3,361 2,800 120% 2,805 120% Utilities - Electric 15,915 15,355 104% 14,789 108% 29,955 27,616 186 200 93% 203 91% Utilities - Gas 4,799 5,650 85% 5,554 86% 7,685 7,158 583 505 116% 505 115% Utilities - Telephone/Fax 3,840 3,535 109% 3,367 114% 6,060 6,124 1,827 2,500 73% 2,858 64% Utilities - Waste 9,289 7,650 121% 9,286 100% 14,300 18,551 6,266 15,620 40% 909 689% Utilities - Water 19,765 30,370 65% 13,955 142% 59,070 56,423 5,787 1,975 293% 1,430 405% Advertising & Promotion 19,135 15,825 121% 13,613 141% 26,200 29,948 622 380 164% 381 163% Bank Charges 3,639 2,545 143% 2,546 143% 4,295 5,793 00 0% 34 0% Cash Short/(Over) 0 0 0% 54 0% 0( 5 4 ) 50 107 47% 100 50% Cell Phone 650 955 68% 850 76% 1,843 1,450 140 300 47% 137 102% Copier/Photocopies 1,164 2,100 55% 1,545 75% 3,600 2,195 24,166 15,000 161% 14,429 167% Credit Card Discounts 80,840 48,950 165% 47,394 171% 92,450 132,234 290 750 39% 714 41% Dues & Subscriptions 4,042 4,950 82% 4,546 89% 5,850 5,777 700 100 700% 130 539% Education & Training 4,451 3,900 114% 2,730 163% 5,900 7,205 00 0% 0 0% Employee Procurement 163 2,000 8% 51 323% 2,000 222 02 0 0 0% 0 0% Employee Relations 1,096 2,100 52% 1,494 73% 3,000 1,649 5,729 5,020 114% 5,267 109% Insurance Expense 35,396 33,940 104% 35,017 101% 59,040 58,310 2,000 2,000 100% 2,000 100% O/S - Accounting 14,000 14,000 100% 14,000 100% 24,000 24,099 834 625 133% 613 136% Payroll Processing Fee 3,069 4,375 70% 2,088 147% 7,500 6,640 07 5 0% 48 0% Postage/Shipping 591 525 113% 596 99% 900 1,100 0 (100) 0% (27) 0% Purchase Discounts 0 (825) 0% (1,892) 0% (1,325) (141) 00 0% 0 0% Staff Communications 2,935 1,500 196% 2,276 129% 1,500 2,935 143 340 42% 329 43% Tax/Licenses/Fees 1,953 1,605 122% 1,376 142% 2,630 2,363 00 0% 0 0% Travel - Air 1,040 3,800 27% 2,022 51% 3,800 1,917 00 0% 182 0% Travel - Auto 1,051 1,400 75% 1,255 84% 1,900 1,238 02 0 0 0% 168 0% Travel - Hotel 1,395 2,200 63% 1,759 79% 3,000 1,624 07 5 0% 0 0% Travel - Meals 59 875 7% 721 8% 1,250 78 2,142 2,000 107% 2,078 103% Employee Meals 7,161 6,910 104% 6,874 104% 12,210 11,460 115,268 99,691 116% 85,275 135% TOTAL OPERATING EXPENSES 512,563 497,399 103% 452,905 113% 832,727 833,769 220,308 248,933 89% 229,063 96% EBITDA 109,765 193,473 57% 222,160 49% 330,633 252,021 8,358 8,358 100% 8,115 103% Management Fee 58,509 58,506 100% 56,804 103% 100,547 99,538 8,358 8,358 100% 8,115 103% Management Fees 58,509 58,506 100% 56,804 103% 100,547 99,538 00 0% 0 0% Capital Projects 0 15,000 0% 38,107 0% 15,000 0 00 0% 0 0% S/T OTHER EXPENSES 0 15,000 0% 38,107 0% 15,000 0 211,949 240,575 88% 220,948 96% NET INCOME 51,257 119,967 43% 127,249 40% 215,086 152,484 Nemadji Summary of All Units For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $189,639 $183,524 103% $169,293 112% Green Fees $491,766 $497,437 99% $478,671 103% $864,515 $871,472 00 0% 0 0% Golf Simulator Revenue 32,612 40,355 81% 38,560 85% 58,380 43,051 111,619 110,330 101% 106,995 104% Annual Pass Revenue 287,730 290,280 99% 275,707 104% 482,030 470,361 301,259 293,854 103% 276,287 109% Total Revenues 812,109 828,072 98% 792,939 102% 1,404,925 1,384,884 301,259 293,854 103% 276,287 109% GROSS MARGIN 812,109 828,072 98% 792,939 102% 1,404,925 1,384,884 PAYROLL 12,080 11,802 102% 11,852 102% Gross Payroll - Salaried 82,011 82,271 100% 90,442 91% 141,281 140,024 40,959 34,971 117% 33,852 121% Gross Payroll - Hourly 140,137 116,208 121% 109,271 128% 205,443 221,420 46 0 0% 38 122% Gross Payroll - Overtime 250 0 0% 165 152% 03 1 4 667 667 100% 417 160% Gross Payroll - Bonus 4,667 4,667 100% 2,917 160% 8,000 9,750 53,751 47,440 113% 46,159 116% S/T Wages 227,065 203,146 112% 202,794 112% 354,724 371,508 4,034 3,629 111% 3,285 123% Payroll Tax - FICA 16,340 15,541 105% 14,663 111% 27,136 26,729 987 1,401 70% 1,082 91% Payroll Tax - UC 4,906 5,907 83% 5,221 94% 8,926 7,597 965 892 108% 1,545 62% Payroll Tax - WC 4,462 3,717 120% 4,555 98% 6,566 7,161 2,429 2,470 98% 2,753 88% Benefits 16,869 17,285 98% 19,139 88% 30,348 28,799 8,415 8,391 100% 8,665 97% S/T Adders 42,577 42,450 100% 43,577 98% 72,976 70,286 62,166 55,831 111% 54,824 113% TOTAL PAYROLL 269,642 245,596 110% 246,371 109% 427,700 441,794 OPERATING EXPENSES 3,271 4,200 78% 4,256 77% Chemicals 47,569 46,200 103% 47,474 100% 64,100 58,260 00 0% 0 0% Course Accessories 5,270 10,000 53% 8,353 63% 10,000 5,270 00 0% 0 0% Fungicides 0 0 0% 121 0% 00 13,874 9,000 154% 8,155 170% Gas/Oil 26,063 22,500 116% 19,062 137% 41,500 45,184 22 500 4% 440 5% Landscape Expense 9,476 5,000 190% 999 949% 5,500 14,075 1,683 165 1020% 165 1022% Laundry/Uniforms 2,526 4,870 52% 2,493 101% 5,955 6,992 00 0% 0 0% Propane Gas 2,886 0 0% 0 0% 03 , 6 0 4 3,865 3,000 129% 4,128 94% Sand/Topdress 13,687 11,000 124% 12,208 112% 30,500 22,041 05 0 0 0% 639 0% Seeds/Trees 2,378 2,750 86% 1,198 198% 4,750 4,078 00 0% 0 0% Small Tools 52 0 0% 0 0% 05 2 128 1,000 13% 183 70% Supplies 9,653 5,500 176% 5,159 187% 10,500 14,519 5,561 4,000 139% 8,432 66% Irrigation 9,628 15,000 64% 15,499 62% 26,000 15,488 4,847 3,000 162% 2,241 216% Repair & Maint - Equipment 10,770 14,000 77% 12,417 87% 24,500 23,175 3,672 2,000 184% 0 0% Repair & Maint - Building 11,172 14,000 80% 1,125 993% 24,000 14,158 00 0% 0 0% Equipment Rental 0 0 0% 0 0% 5,000 0 1,885 1,600 118% 1,573 120% Utilities - Electric 9,143 7,555 121% 7,268 126% 16,155 14,832 61 200 31% 203 30% Utilities - Gas 1,220 5,650 22% 5,554 22% 7,685 2,678 00 0% 0 0% Utilities - Waste 0 0 0% 339 0% 00 5,289 15,000 35% 294 1799% Utilities - Water 15,574 27,345 57% 10,943 142% 53,995 48,474 50 7 735% 50 100% Cell Phone 200 255 78% 350 57% 643 400 00 0% 0 0% Dues & Subscriptions 1,937 1,750 111% 1,585 122% 2,150 3,047 700 100 700% 30 2334% Education & Training 3,302 3,400 97% 2,596 127% 5,400 5,856 00 0% 0 0% Staff Communications 2,935 1,500 196% 2,276 129% 1,500 2,935 44,908 44,272 101% 30,789 146% TOTAL OPERATING EXPENSES 185,438 198,275 94% 157,017 118% 339,833 305,121 194,184 193,751 100% 190,675 102% EBITDA 357,028 384,201 93% 389,551 92% 637,391 637,969 194,184 193,751 100% 190,675 102% NET INCOME 357,028 384,201 93% 389,551 92% 637,391 637,969 Nemadji Course & Grounds For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $97,794 $105,000 93% $94,855 103% Cart Fee $258,041 $271,500 95% $262,058 98% $493,000 $476,214 97,794 105,000 93% 94,855 103% Total Revenues 258,041 271,500 95% 262,058 98% 493,000 476,214 97,794 105,000 93% 94,855 103% GROSS MARGIN 258,041 271,500 95% 262,058 98% 493,000 476,214 PAYROLL 15,393 16,069 96% 15,640 98% Gross Payroll - Hourly 43,341 48,289 90% 46,957 92% 79,513 75,930 00 0% 0 0% Gross Payroll - Overtime 10 0 0% 67 15% 01 1 5 15,393 16,069 96% 15,640 98% S/T Wages 43,351 48,289 90% 47,024 92% 79,513 76,045 1,178 1,229 96% 1,189 99% Payroll Tax - FICA 3,316 3,694 90% 3,609 92% 6,083 5,805 508 715 71% 638 80% Payroll Tax - UC 1,431 2,165 66% 1,960 73% 3,517 3,023 03 0 2 0% 0 0% Payroll Tax - WC 0 892 0% 0 0% 1,479 0 1,686 2,246 75% 1,827 92% S/T Adders 4,747 6,751 70% 5,569 85% 11,079 8,828 17,079 18,315 93% 17,467 98% TOTAL PAYROLL 48,098 55,040 87% 52,593 91% 90,593 84,873 OPERATING EXPENSES 2,838 1,300 218% 1,263 225% Cart Repairs 6,194 5,400 115% 4,184 148% 10,100 9,099 5,244 5,244 100% 5,244 100% Cart Lease 36,708 36,708 100% 36,708 100% 62,928 62,928 8,082 6,544 123% 6,507 124% TOTAL OPERATING EXPENSES 42,902 42,108 102% 40,892 105% 73,028 72,027 72,634 80,141 91% 70,880 102% EBITDA 167,041 174,352 96% 168,573 99% 329,380 319,314 72,634 80,141 91% 70,880 102% NET INCOME 167,041 174,352 96% 168,573 99% 329,380 319,314 Nemadji Carts For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $17,015 $20,300 84% $19,290 88% Range $69,593 $74,450 93% $71,516 97% $114,850 $108,863 17,015 20,300 84% 19,290 88% Total Revenues 69,593 74,450 93% 71,516 97% 114,850 108,863 17,015 20,300 84% 19,290 88% GROSS MARGIN 69,593 74,450 93% 71,516 97% 114,850 108,863 OPERATING EXPENSES 00 0% 0 0% Range Balls 1,813 4,000 45% 15,442 12% 4,000 1,813 00 0% 0 0% Range Equipment 1,097 4,000 27% 6,342 17% 4,000 1,097 05 0 0% 0 0% Supplies 183 1,100 17% 394 46% 1,250 183 05 0 0 % 0 0 % TOTAL OPERATING EXPENSES 3,092 9,100 34% 22,177 14% 9,250 3,092 17,015 20,250 84% 19,290 88% EBITDA 66,502 65,350 102% 49,338 135% 105,600 105,772 17,015 20,250 84% 19,290 88% NET INCOME 66 ,502 65,350 102% 49,338 135% 105,600 105,772 Nemadji Range For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $30,568 $32,000 96% $30,359 101% Food $109,880 $116,000 95% $106,990 103% $192,000 $182,339 12,513 10,000 125% 9,490 132% Beverage 29,999 25,550 117% 24,276 124% 46,350 48,041 38,237 30,000 127% 32,391 118% Beer 103,825 95,300 109% 97,245 107% 169,500 173,386 19,841 20,000 99% 19,193 103% Liquor 53,698 56,425 95% 54,591 98% 94,775 93,875 395 560 71% 560 71% Wine 1,120 1,370 82% 1,370 82% 2,120 1,750 263 150 175% 208 126% Tobacco 562 450 125% 421 134% 900 1,247 774 0 0% 0 0% Gratuity Income/Service Charge 1,014 0 0% 0 0% 01 , 0 1 4 102,591 92,710 111% 92,202 111% Total Revenues 300,097 295,095 102% 284,893 105% 505,645 501,653 COST OF GOODS SOLD 10,760 13,760 78% 12,242 88% COGS - Food 42,839 49,880 86% 38,789 110% 82,560 73,941 8,908 4,800 186% 8,022 111% COGS - Beverage 15,694 12,264 128% 19,913 79% 22,248 31,318 9,931 10,500 95% 11,973 83% COGS - Beer 33,683 33,355 101% 32,839 103% 59,325 57,520 3,132 6,000 52% 5,501 57% COGS - Liquor 14,266 16,928 84% 16,414 87% 28,433 25,205 87 106 82% 133 66% COGS - Wine 420 260 161% 316 133% 403 525 202 105 193% 154 132% COGS - Tobacco 331 315 105% 440 75% 630 824 114 0 0% 442 26% COGS - Waste 1,201 0 0% 1,612 74% 01 , 8 0 2 33,136 35,271 94% 38,466 86% Total COGS 108,434 113,002 96% 110,324 98% 193,598 191,135 69,455 57,439 121% 53,736 129% GROSS MARGIN 191,664 182,093 105% 174,568 110% 312,047 310,518 35.20% 43.00% 82.00% 40.32% 87.00% COGS - Food % 38.99% 43.00% 91.00% 36.26% 108.00% 43.00% 566.85% 71.19% 48.00% 148.00% 84.53% 84.00% COGS - Beverage % 52.32% 48.00% 109.00% 82.03% 64.00% 48.00% 727.47% 25.97% 35.00% 74.00% 36.96% 70.00% COGS - Beer % 32.44% 35.00% 93.00% 33.77% 96.00% 35.00% 415.69% 15.79% 30.00% 53.00% 28.66% 55.00% COGS - Liquor % 26.57% 30.00% 89.00% 30.07% 88.00% 30.00% 343.65% 22.12% 19.00% 116.00% 23.68% 93.00% COGS - Wine % 37.48% 19.00% 197.00% 23.10% 162.00% 19.00% 523.51% 76.98% 70.00% 110.00% 73.69% 104.00% COGS - Tobacco % 58.91% 70.00% 84.00% 104.52% 56.00% 70.00% -843.56% 32.54% 38.04% 86.00% 41.72% 78.00% COGS - All Food & Bev 36.26% 38.29% 95.00% 38.72% 94.00% 38.29% 532.10% PAYROLL 5,280 5,021 105% 5,463 97% Gross Payroll - Salaried 32,769 34,996 94% 34,498 95% 60,100 57,367 28,373 23,790 119% 27,139 105% Gross Payroll - Hourly 127,789 112,961 113% 111,915 114% 199,412 209,767 00 0% 0 0% Gross Payroll - Overtime 0 0 0% 45 0% 00 240 240 100% 208 115% Gross Payroll - Bonus 1,677 1,677 100% 1,458 115% 2,875 2,294 33,893 29,051 117% 32,810 103% S/T Wages 162,236 149,634 108% 147,916 110% 262,387 269,427 3,067 2,222 138% 2,997 102% Payroll Tax - FICA 13,285 11,447 116% 12,584 106% 20,073 22,173 750 622 121% 891 84% Payroll Tax - UC 4,225 4,107 103% 4,141 102% 5,218 6,151 464 546 85% 1,442 32% Payroll Tax - WC 3,214 2,730 118% 5,406 59% 4,849 7,364 1,993 3,604 55% 1,625 123% Benefits 15,035 23,105 65% 9,954 151% 40,685 29,300 6,274 6,994 90% 6,954 90% S/T Adders 35,759 41,390 86% 32,086 111% 70,824 64,988 40,166 36,045 111% 39,765 101% TOTAL PAYROLL 197,994 191,023 104% 180,002 110% 333,211 334,415 OPERATING EXPENSES 00 0% 0 0% Kitchen Supplies 0 0 0% 0 0% 01 8 1 603 650 93% 868 69% Laundry/Linens 2,487 2,611 95% 2,791 89% 4,911 4,810 201 0 0% 0 0% Laundry/Uniforms 390 4,000 10% 1,971 20% 4,000 597 4,250 2,000 213% 2,195 194% Supplies 13,089 11,300 116% 11,501 114% 16,400 20,940 218 500 44% 0 0% Repair & Maint - Equipment 2,350 4,000 59% 2,888 81% 9,000 5,953 380 100 380% 0 0% Equipment Lease 2,561 300 854% 377 679% 600 3,131 00 0% 223 0% Equipment Rental 570 0 0% 223 256% 2,000 1,430 00 0% 0 0% Dues & Subscriptions 0 600 0% 540 0% 600 0 04 0 0% 30 0% Tax/Licenses/Fees 263 280 94% 146 180% 480 359 5,651 3,290 172% 3,316 170% TOTAL OPERATING EXPENSES 21,711 23,091 94% 20,438 106% 37,991 37,401 23,637 18,104 131% 10,655 222% EBITDA (28,041) (32,021) 88% (25,872) 108% (59,156) (61,299) 23,637 18,104 131% 10,655 222% NET INCOME (28,041) (32,021) 88% (25,872) 108% (59,156) (61,299) Nemadji F & B Ala Carte For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $40,509 $48,750 83% $41,658 97% Merchandise $176,846 $170,350 104% $161,769 109% $284,850 $284,851 57 8,500 1% 7,918 1% Handicap Fee 1,376 9,150 15% 9,163 15% 9,200 871 1,370 1,000 137% 80 1713% Lessons 11,385 5,300 215% 4,220 270% 6,800 11,385 05 0 0% 33 0% Other Pro Shop Revenue 393 125 314% 157 250% 150 440 271 600 45% 513 53% Pull Cart Rental 1,130 2,400 47% 2,263 50% 3,100 1,572 1,147 500 229% 436 263% Rental Clubs 2,429 1,850 131% 1,660 146% 3,000 3,673 172 300 57% 260 66% Club Repair 1,237 1,775 70% 1,652 75% 2,475 1,641 43,526 59,700 73% 50,899 86% Total Revenues 194,796 190,950 102% 180,884 108% 309,575 304,433 COST OF GOODS SOLD 27,486 32,885 84% 27,834 99% COGS - Merchandise 127,313 116,440 109% 109,983 116% 193,845 205,400 27,486 32,885 84% 27,834 99% Total COGS 127,313 116,440 109% 109,983 116% 193,845 205,400 16,040 26,815 60% 23,065 70% GROSS MARGIN 67,483 74,510 91% 70,901 95% 115,730 99,033 67.85% 67.46% 101.00% 66.81% 102.00% COGS - Merchandise % 71.99% 68.35% 105.00% 67.99% 106.00% 68.05% 918.56% PAYROLL 20,496 20,378 101% 18,415 111% Gross Payroll - Hourly 96,116 90,754 106% 79,988 120% 155,517 152,101 718 0 0% 422 170% Gross Payroll - Overtime 4,082 0 0% 2,147 190% 05 , 8 5 0 281 281 100% 0 0% Gross Payroll - Bonus 1,969 1,969 100% 0 0% 3,375 3,894 1,071 0 0% 0 0% Lessons 3,231 0 0% 0 0% 06 , 6 3 1 22,566 20,659 109% 18,837 120% S/T Wages 105,398 92,723 114% 82,135 128% 158,892 168,476 1,682 1,580 106% 1,410 119% Payroll Tax - FICA 7,534 7,093 106% 6,059 124% 12,155 12,010 299 498 60% 474 63% Payroll Tax - UC 1,657 2,901 57% 2,194 76% 3,809 2,479 399 388 103% 788 51% Payroll Tax - WC 2,467 1,696 145% 1,756 140% 2,940 5,188 1,420 1,430 99% 1,332 107% Benefits 9,308 9,908 94% 6,143 152% 17,417 15,275 3,800 3,897 98% 4,004 95% S/T Adders 20,967 21,599 97% 16,152 130% 36,321 34,952 26,366 24,556 107% 22,841 115% TOTAL PAYROLL 126,365 114,322 111% 98,287 129% 195,213 203,428 OPERATING EXPENSES 00 0% 497 0% Displays/Fixtures 2,775 2,000 139% 1,016 273% 2,000 2,775 00 0% 0 0% Laundry/Uniforms 3,283 4,500 73% 3,279 100% 5,250 3,394 00 0% 0 0% Rental Club Expense 0 0 0% 713 0% 00 00 0% 0 0% Scorecards 2,225 2,500 89% 2,535 88% 2,500 2,225 189 150 126% 0 0% Supplies 3,853 1,100 350% 1,837 210% 1,700 4,936 4,464 5,100 88% 5,092 88% Handicap Expense 10,626 11,100 96% 11,031 96% 11,100 10,901 00 0% 34 0% Cash Short/(Over) 0 0 0% 54 0% 0( 5 4 ) 4,653 5,250 89% 5,622 83% TOTAL OPERATING EXPENSES 22,762 21,200 107% 20,465 111% 22,550 24,176 (14,980) (2,991) 501% (5,398) 278% EBITDA (81,644) (61,012) 134% (47,851) 171% (102,033) (128,571) (14,980) (2,991) 501% (5,398) 278% NET INCOME (81,644) (61,012) 134% (47,851) 171% (102,033) (128,571) Nemadji Golf Shop For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $9,402 $9,200 102% $9,104 103% Gross Payroll - Salaried $63,964 $64,125 100% $62,325 103% $110,125 $109,016 875 1,566 56% 747 117% Gross Payroll - Hourly 2,813 5,046 56% 2,540 111% 9,468 5,495 417 417 100% 417 100% Gross Payroll - Bonus 2,917 2,917 100% 2,917 100% 5,000 5,000 10,694 11,182 96% 10,268 104% S/T Wages 69,693 72,088 97% 67,782 103% 124,594 119,511 792 855 93% 761 104% Payroll Tax - FICA 4,938 5,515 90% 5,043 98% 9,531 8,726 29 89 32% 34 86% Payroll Tax - UC 503 946 53% 528 95% 1,224 802 152 210 72% 140 109% Payroll Tax - WC 1,212 1,310 93% 1,215 100% 2,297 2,028 1,046 804 130% 1,254 83% Benefits 6,839 5,625 122% 5,975 114% 9,851 11,638 2,019 1,959 103% 2,189 92% S/T Adders 13,492 13,396 101% 12,761 106% 22,904 23,194 12,713 13,141 97% 12,456 102% TOTAL PAYROLL 83,184 85,484 97% 80,543 103% 147,498 142,705 OPERATING EXPENSES 00 0% 0 0% Displays/Fixtures 0 0 0% 82 0% 00 00 0% 0 0% Laundry/Uniforms 0 750 0% 33 0% 750 33 02 5 0% 0 0% Office Supplies 660 175 377% 164 402% 300 824 05 0 0% 0 0% Supplies 286 350 82% 527 54% 600 1,238 487 460 106% 460 106% Cable Tv Expense 3,363 3,220 104% 3,209 105% 5,520 5,670 2,476 3,200 77% 3,158 78% Computer Service 11,221 13,000 86% 12,398 91% 20,500 19,070 1,383 1,250 111% 171 808% Repair & Maint - Equipment 7,198 8,000 90% 5,576 129% 14,250 11,695 723 1,250 58% 1,171 62% Repair & Maint - Building 5,910 8,000 74% 8,842 67% 14,250 10,294 02 5 0 0% 657 0% Security 2,215 1,750 127% 3,368 66% 3,000 3,473 63 50 127% 345 18% Equipment Rental 2,862 350 818% 1,295 221% 600 4,190 1,476 1,200 123% 1,231 120% Utilities - Electric 6,772 7,800 87% 7,521 90% 13,800 12,784 125 0 0% 0 0% Utilities - Gas 3,579 0 0% 0 0% 04 , 4 7 9 583 505 116% 505 115% Utilities - Telephone/Fax 3,840 3,535 109% 3,367 114% 6,060 6,124 1,827 2,500 73% 2,858 64% Utilities - Waste 9,289 7,650 121% 8,947 104% 14,300 18,551 977 620 158% 615 159% Utilities - Water 4,191 3,025 139% 3,012 139% 5,075 7,948 622 380 164% 381 163% Bank Charges 3,639 2,545 143% 2,546 143% 4,295 5,793 01 0 0 0% 50 0% Cell Phone 450 700 64% 500 90% 1,200 1,050 140 300 47% 137 102% Copier/Photocopies 1,164 2,100 55% 1,545 75% 3,600 2,195 24,166 15,000 161% 14,429 167% Credit Card Discounts 80,840 48,950 165% 47,394 171% 92,450 132,234 290 750 39% 714 41% Dues & Subscriptions 2,105 2,600 81% 2,421 87% 3,100 2,730 00 0% 100 0% Education & Training 1,150 500 230% 134 856% 500 1,350 00 0% 0 0% Employee Procurement 163 2,000 8% 51 323% 2,000 222 02 0 0 0% 0 0% Employee Relations 1,096 2,100 52% 1,494 73% 3,000 1,649 5,729 5,020 114% 5,267 109% Insurance Expense 35,396 33,940 104% 35,017 101% 59,040 58,310 2,000 2,000 100% 2,000 100% O/S - Accounting 14,000 14,000 100% 14,000 100% 24,000 24,099 834 625 133% 613 136% Payroll Processing Fee 3,069 4,375 70% 2,088 147% 7,500 6,640 07 5 0% 48 0% Postage/Shipping 591 525 113% 596 99% 900 1,100 0 (100) 0% (27) 0% Purchase Discounts 0 (825) 0% (1,892) 0% (1,325) (141) 143 300 48% 299 48% Tax/Licenses/Fees 1,690 1,325 128% 1,229 137% 2,150 2,004 00 0% 0 0% Travel - Air 1,040 3,800 27% 2,022 51% 3,800 1,917 00 0% 182 0% Travel - Auto 1,051 1,400 75% 1,255 84% 1,900 1,238 02 0 0 0% 168 0% Travel - Hotel 1,395 2,200 63% 1,759 79% 3,000 1,624 07 5 0% 0 0% Travel - Meals 59 875 7% 721 8% 1,250 78 2,142 2,000 107% 2,078 103% Employee Meals 7,161 6,910 104% 6,874 104% 12,210 11,460 46,187 38,285 121% 37,610 123% TOTAL OPERATING EXPENSES 217,447 187,625 116% 178,096 122% 323,575 361,927 (58,900) (51,426) 115% (50,067) 118% EBITDA (300,631) (273,109) 110% (258 ,639) 116% (471,073) (504,632) 8,358 8,358 100% 8,115 103% Management Fee 58,509 58,506 100% 56,804 103% 100,547 99,538 8,358 8,358 100% 8,115 103% Management Fees 58,509 58,506 100% 56,804 103% 100,547 99,538 00 0% 0 0% Capital Projects 0 15,000 0% 38,107 0% 15,000 0 00 0% 0 0% S/T OTHER EXPENSES 0 15,000 0% 38,107 0% 15,000 0 (67,258) (59,784) 113% (58,181) 116% NET INCOME (359,140) (346,615) 104% (353,550) 102% (586,620) (604,170) Nemadji G & A For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months PAYROLL $5,348 $5,233 102% $4,808 111% Gross Payroll - Salaried $35,966 $36,133 100% $33,705 107% $62,300 $60,919 417 417 100% 208 200% Gross Payroll - Bonus 2,917 2,917 100% 1,458 200% 5,000 5,958 5,765 5,650 102% 5,016 115% S/T Wages 38,882 39,050 100% 35,163 111% 67,300 66,878 416 432 96% 377 110% Payroll Tax - FICA 2,675 2,987 90% 2,698 99% 5,148 4,759 01 9 0% 0 0% Payroll Tax - UC 426 719 59% 498 86% 813 518 82 106 77% 142 58% Payroll Tax - WC 676 709 95% 682 99% 1,240 1,171 1,232 689 179% 8 15141% Benefits 8,617 4,823 179% 81 10658% 8,475 13,181 1,730 1,246 139% 527 328% S/T Adders 12,394 9,239 134% 3,959 313% 15,676 19,629 7,495 6,896 109% 5,543 135% TOTAL PAYROLL 51,277 48,288 106% 39,122 131% 82,976 86,507 OPERATING EXPENSES 02 5 0% 0 0% Supplies 78 175 45% 207 38% 300 78 5,787 1,975 293% 1,430 405% Advertising & Promotion 19,135 15,825 121% 13,613 141% 26,200 29,948 5,787 2,000 289% 1,430 405% TOTAL OPERATING EXPENSES 19,213 16,000 120% 13,819 139% 26,500 30,026 (13,282) (8,896) 149% (6,973) 190% EBITDA (70,489) (64,288) 110% (52,941) 133% (109,476) (116,532) (13,282) (8,896) 149% (6,973) 190% NET INCOME (70,489) (64,288) 110% (52,941) 133% (109,476) (116,532) Nemadji Marketing For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months REVENUES $399,053 $398,854 100.0% $371,143 107.5% Green Fees & Cart Fees $1,070,150 $1,099,572 97.3% $1,054,997 101.4% $1,897,925 $1,861,098 40,509 48,750 83.1% 41,658 97.2% Merchandise 176,846 170,350 103.8% 161,769 109.3% 284,850 284,851 3,017 10,950 27.6% 9,241 32.7% Other Pro Shop 17,950 20,600 87.1% 19,114 93.9% 24,725 19,582 17,015 20,300 83.8% 19,290 88.2% Range 69,593 74,450 93.5% 71,516 97.3% 114,850 108,863 101,817 92,710 109.8% 92,202 110.4% Food and Beverage 299,083 295,095 101.4% 284,893 105.0% 505,645 500,639 774 0 0.0% 0 0.0% Food and Beverage Gratuity Income 1,014 0 0.0% 0 0.0% 0 1,014 562,184 571,564 98.4% 533,534 105.4% TOTAL REVENUE 1,634,636 1,660,067 98.5% 1,592,289 102.7% 2,827,995 2,776,047 COST OF SALES 27,486 32,885 83.6% 27,834 98.8% Merchandise 127,313 116,440 109.3% 109,983 115.8% 193,845 205,400 33,136 35,271 93.9% 38,466 86.1% Food & Beverage 108,434 113,002 96.0% 110,324 98.3% 193,598 191,135 60,622 68,156 88.9% 66,300 91.4% TOTAL COGS 235,747 229,442 102.7% 220,308 107.0% 387,443 396,535 67.9% 67.5% 100.6% 66.8% 101.6% COGS - Merchandise % 72.0% 68.4% 105.3% 68.0% 105.9% 68.1% 918.4% 32.5% 38.0% 85.5% 41.7% 77.9% COGS - Food & Beverage % 36.3% 38.3% 94.8% 38.7% 93.8% 38.3% 532.1% PAYROLL 62,166 55,831 111.3% 54,824 113.4% Course and Grounds 269,642 245,596 109.8% 246,371 109.4% 427,700 441,794 17,079 18,315 93.3% 17,467 97.8% Carts, Range, Starters, Etc. 48,098 55,040 87.4% 52,593 91.5% 90,593 84,873 26,366 24,556 107.4% 22,841 115.4% Pro Shop 126,365 114,322 110.5% 98,287 128.6% 195,213 203,428 40,166 36,045 111.4% 39,765 101.0% Food and Beverage 197,994 191,023 103.6% 180,002 110.0% 333,211 334,415 12,713 13,141 96.7% 12,456 102.1% General and Administrative 83,184 85,484 97.3% 80,543 103.3% 147,498 142,705 7,495 6,896 108.7% 5,543 135.2% Marketing 51,277 48,288 106.2% 39,122 131.1% 82,976 86,507 165,986 154,784 107.2% 152,896 108.6% TOTAL PAYROLL 776,561 739,754 105.0% 696,917 111.4% 1,277,191 1,293,722 OPERATING EXPENSES 44,908 44,272 101.4% 30,789 145.9% Course and Grounds 185,438 198,275 93.5% 157,017 118.1% 339,833 305,121 8,082 6,594 122.6% 6,507 124.2% Carts, Range, Starters, Etc. 45,993 51,208 89.8% 63,070 72.9% 82,278 75,119 4,653 5,250 88.6% 5,622 82.8% Pro Shop 22,762 21,200 107.4% 20,465 111.2% 22,550 24,176 5,651 3,290 171.8% 3,316 170.4% Food and Beverage 21,711 23,091 94.0% 20,438 106.2% 37,991 37,401 46,187 38,285 120.6% 37,610 122.8% General and Administrative 217,447 187,625 115.9% 178,096 122.1% 323,575 361,927 5,787 2,000 289.3% 1,430 404.7% Marketing 19,213 16,000 120.1% 13,819 139.0% 26,500 30,026 115,268 99,691 115.6% 85,275 135.2% TOTAL OPERATING EXPENSES 512,563 497,399 103.0% 452,905 113.2% 832,727 833,769 341,876 322,631 106.0% 304,471 112.3% TOTAL EXPENSES 1,524,871 1,466,595 104.0% 1,370,129 111.3% 2,497,361 2,524,026 220,308 248,933 88.5% 229,063 96.2% EBITDA 109,765 193,473 56.7% 222,160 49.4% 330,633 252,021 (8,358) (8,358) 100.0% (8,115) 103.0% MANAGEMENT FEES (58,509) (58,506) 100.0% (56,804) 103.0% (100,547) (99,538) OTHER INCOME (EXPENSE) 00 0.0% 0 0.0% Other Expenses / Capital Reserve / Impairment 0 (15,000) 0.0% (38,107) 0.0% (15,000) 0 0 0 0.0% 0 0.0% TOTAL OTHER INCOME (EXPENSE) 0 (15,000) 0.0% (38,107) 0.0% (15,000) 0 Nemadji Standard Summary Income Statement For the Seven Months Ending Friday, July 31, 2026 MTD Actual MTD Budget % of Budget MTD Prior Year % of PY YTD Actual YTD Budget % of Budget YTD Prior Year % of PY Annual Budget Rolling 12 Months 211,949 240,575 88.1% 220,948 95.9% NET INCOME 51,257 119,967 42.7% 127,249 40.3% 215,086 152,484 6,327 6,817 92.8% 6,609 95.7% Paid Rounds 17,367 18,483 94.0% 18,745 92.6% 32,013 32,220 4,435 4,700 94.4% 4,085 108.6% Member Rounds 14,435 14,353 100.6% 14,101 102.4% 24,414 23,929 300 215 139.5% 194 154.6% Other Rounds 888 680 130.6% 724 122.7% 1,230 1,761 11,062 11,732 94.3% 10,888 101.6% Total Rounds 32,690 33,516 97.5% 33,570 97.4% 57,657 57,910 89 84 106.0% 81 110.1% Revenue/Paid Rounds 94 90 104.8% 85 110.8% 88 31,785 51 49 104.3% 49 103.7% Revenue/Total Rounds 50 50 101.0% 47 105.4% 49 629 63 59 107.8% 56 112.3% Green Fees / Cart Fees per Paid Rounds 62 59 103.6% 56 109.5% 59 9,587 36 34 106.1% 34 105.8% Green Fees / Cart Fees per Total Rounds 33 33 99.8% 31 104.2% 33 326 98 116.5% 8 108.7% F&B Revenue/Total Rounds 9 9 103.9% 8 107.8% 9 149 44 88.1% 4 95.7% Merchandise Revenue/Total Rounds 5 5 106.4% 5 112.3% 5 128 Nemadji Standard Summary Income Statement For the Seven Months Ending Friday, July 31, 2026 7/31/2026 12/31/2025 7/31/2025 ASSETS CURRENT ASSETS: Cash Cash - Operating 1,709,879 1,210,122 1,277,134 Cash - Payroll 6,243 76,439 134,604 Cash - Housebank & Other 2,900 2,900 2,900 Total Cash 1,719,023 1,289,461 1,414,638 Accounts Receivable A/R Trade 52,868 (1,468) 21,477 Total Accounts Receivable 52,868 (1,468) 21,477 Other Current Assets Inventory - Merchandise 173,603 95,035 162,068 Inventory - Food & Beverage 43,878 21,143 37,812 Prepaid Insurance 0 23,869 0 Prepaid Exp - Other 0 0 2,662 Total Other Current Assets 217,480 140,047 202,543 TOTAL CURRENT ASSETS 1,989,371 1,428,040 1,638,658 TOTAL ASSETS 1,989,371 1,428,040 1,638,658 Nemadji Balance Sheet For the Seven Months Ending Friday, July 31, 2026 7/31/2026 12/31/2025 7/31/2025 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Accts Pay - Trade 142,737 (7,320) 148,111 Accts Pay - Other 12,393 3,651 645 Accrued Expenses 57,656 3,547 23,920 Accrued Payroll 33,232 7,226 26,082 Accrued Taxes 24,303 1,192 21,409 Deferred Revenue 259,964 81,723 241,681 TOTAL CURRENT LIBILITIES 530,285 90,019 461,848 LONG-TERM LIABILITIES: Long-term debt 480,635 410,827 350,843 TOTAL LONG-TERM LIABILITIES 480,635 410,827 350,843 TOTAL LIABILITIES 1,010,920 500,846 812,691 STOCKHOLDER'S EQUITY Retained Earnings 978,451 927,194 825,967 Net Retained Earnings 978,451 927,194 825,967 Stockholders Equity 978,451 927,194 825,967 TOTAL STOCKHOLDER'S EQUITY 978,451 927,194 825,967 TOTAL LIABILITIES AND STOCKHOLDER'S EQUITY 1,989,371 1,428,040 1,638,658 Nemadji Balance Sheet For the Seven Months Ending Friday, July 31, 2026 Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard OUTINGS Booked $0 LY Actual + Booked $40,220 Avg. per Person $60.12 Booked Events 6 Actuals + Booked Outings $45,210 $23.61K of Outing Budget Budget $21,600 0 10K 20K 30K 40K 50K $45.21K $ 2 1 . 6 K $ 4 5 . 2 1 K $21.6K 209.31% Budget Attainment 0% 200% This dashboard provides a high-level view of outing performance and booking momentum for the property, helping marketing and sales teams understand overall pacing, year-over-year trends, and future revenue opportunity throughout the season. Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard 9.09.59.39.49.3 0 20 40 60 80 100 120 106 7 1 5 1 0 6 7 1 5 1 0 6 7 15 PromoterCount DetractorCount PassiveCount NET PROMOTER SCORE 77.3 Net Promoter Score (NPS) is the percentage of promoters (9–10) minus detractors (0–6), requiring at least 25 responses for a definitive sample size; 70+ is the target benchmark for KemperSports. SATISFACTION SCORES BY KEY METRICS 9.3 9.4 9.3 9.5 9.0 Promoters (9–10) are enthusiastic and likely to recommend you. Passives (7–8) are satisfied but uncommitted. Detractors (0–6) are unhappy and may discourage others. OVERALL EXPERIENCE VALUE PERCEPTION FOOD & BEVERAGE SERVICE SATISFACTION COURSE CONDITIONS 0 25 50 75 100 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 71 90 87.1 100 0 0 0 0 94.1 77.3 78.9 77.3 Target NUMBER OF RESPONSES With fewer than 25 responses, results are indicative/directional — not statistically reliable. 128 Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard OPEN RATE (This Period) Email campaign data shows whether your emails are getting noticed and whether they’re actually driving action. Open rate reflects subject line and timing effectiveness, while click rate reveals which messages and CTAs are truly resonating. TOTAL SUBSCRIBERS Max # of Emails Sent 17,138 EMAIL CAMPAIGN PERFORMANCE CLICK RATE (This Period) 38.9% 0% 50% Industry Benchmark: 38.3% Industry Benchmark: 2.2% 36.3% 0% 50% DATE CAMPAIGN SENT OPENS OPEN RATE CLICKS CLICK RATE Jul 31, 2026 July Newsletter 10,607 2,071 19.7% 20 0.95% Jul 21, 2026 Go vote for Nemadji GolfCourse!! 10,499 2,037 19.57% 20 0.96% Jul 14, 2026 Titleist Fitting Day 10,472 1,993 19.2% 19 0.96% Jun 27, 2026 June Newsletter 10,298 2,074 20.32% 20 0.98% Jun 18, 2026 Last Call for Nemadji InviteTHIS WEEEKEND!! 10,229 1,991 19.64% 20 0.99% Jun 9, 2026 Your shot at a StreamsongGolf Getaway 10,165 2,010 19.95% 20 0.99% Jun 4, 2026 Callaway & Srixon fittingthis Weekend! 10,115 1,906 19% 19 1% May 29, 2026 Nemadji Invite coming up 10,064 1,929 19.32% 19 1% May222026 MayNewsletter 10005 1898 1912% 19 101% ▼ 1 - 100 / 189 < > EmailCampaigns Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard WebsiteEngagement TOTAL USERS MOST VIEWED PAGES This Period 9,349 -2.5% from previous year This Year to Date 45,255 24.9% from previous year 2K 2.5K 3K 3.5K Jun 29, 2026 Jul 6, 2026 Jul 13, 2026 Jul 20, 2026 Jul 27, 2026 2.4K 2 . 7 K 2 . 4 K 2.7K 3.1K 3 . 2 K 3 . 1 K 3.2K 2.7K 3 . 3 K 2 . 7 K 3.3K 3.1K 3 K 3 . 1 K 3K 2.6K 2 . 5 K 2 . 6 K2.5K Total users Total users (previous year) ENGAGEMENT Engagement rate 68.14% 7.88% from previous year Average session duration 00:02:49 -00:00:46 from previous year A GA4 engagement rate of 50–65% is typical for most golf course websites, while anything in the 65–75% range signals strong, high-performing user engagement. Engaged sessions 11,698 224 from previous year Total Users reflects the number of unique individuals who visited the site during a given period. PAGE VIEWS / 11,868 /club/15146/widget 6,727 /club/nemadji-golf-club/booking/ 2,173 /rates/ 1,952 /club/nemadji-golf-club 1,149 /calendar-of-events/ 523 /scorecard/ 489 /nemadji-menu/ 384 /about-us/ 378 /contact-us/ 371 /home/ 304 /+1715-394-0266 273 /nemadji-golf-academy/ 240 Grand total 29,633 ▼ Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard WebsiteDemographics 70.4% 28.4% 1 . 1 % mobile desktop tablet 0% 10% 20% 30% Monday Tuesday Wednesday Thursday Friday Saturday 7 18% 20% 20% 21% 21% 23% 18% Mobile Users 6,556 -8.8% Desktop Users 2,649 18.7% Tablet Users 107 -35.2% USERS BY DEVICE USERS BY DAY OF WEEK City Users Δ Minneapolis 1,537 -435 (not set) 1,038 -814 Duluth 950 -252 Chicago 947 -219 Superior 597 45 Suzhou 199 - Shenzhen 168 - Eden Prairie 140 116 Hermantown 140 -7 ▼ Keyboard shortcuts Map data ©2026 Google, INEGI Terms Total users 4 1,537 USERS BY LOCATION GA4 tracks users’ location based on their IP address and assigns them to a country, region, or city. Location data is approximate, not exact, and can be skewed by VPNs, shared networks, or privacy settings. It’s useful for trend insights, but not for precise targeting. Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard MOST IMPRESSIONS Google Search Console shows how often your site appears in search and whether people choose to click. Focus on impressions, position, and CTR to gauge visibility and relevance. Top queries reveal what you’re known for in search and where the biggest opportunities to win more clicks exist. KEY SEARCH PERFORMANCE METRICS   (vs previous year) Impressions 20,460 -17.5% Clicks 2,787 -4.3% Site CTR 13.62% 16.0% IMPRESSIONS AND CLICKS OVER TIME Average Position 7.4 -58.3% MOST CLICKS 0 10K 20K 30K Impressions 0 1K 2K 3K Clicks Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 Impressions Clicks nemadji golf course 3,219 nemadji golf 981 nemadji 789 duluth golf courses 491 nemadji mens club 394 golf 359 golf courses near me 328 restaurants superior wi 289 food near me 266 golf courses duluth mn 229 1 - 100 / 684 < > nemadji golf course 1,129 nemadji golf 377 nemadji 176 nemadji golf course superior wi 52 namaji golf course 39 golf courses near me 21 duluth golf courses 18 namadji 15 superior golf course 13 nemadji golf course photos 12 1 - 100 / 684 < > Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard AI PROMPT TARGETS KEYWORDS OF OPPORTUNITY KEYWORD IMPRESSIONS CLICKS CTR AVG POSITION golf 359 5 1.39% 12.2 golf outings duluth minnesota 28 0 0% 10.1 golf lessons duluth 23 0 0% 13.4 driving range duluth 19 0 0% 9.4 nemadji golf course reviews 19 0 0% 9.5 golf clubs duluth mn 16 0 0% 10.1 fish fry superior wi 13 0 0% 10.2 food delivery superior wi 13 1 7.69% 12.5 duluth driving range 12 0 0% 9.0 golf outings duluth mn 11 0 0% 9.3 ▼ 1 - 100 / 114 < > This chart highlights keywords where you’re close to page one (Average Position < 10) but not quite there yet. These are your fastest wins — Google already trusts the content, so small improvements can lead to big traffic gains. Prioritize these before spending time on new keywords. PROMPT IMP. best golf courses near duluth mn 28 best public golf in duluth 28 best golf courses in duluth mn 24 best golf courses near me 14 top golf duluth mn 3 best ball duluth 2 ▼ 1 - 15 / 15 < > 0 1 2 3 4 5 Jun 29, 2026 to… Jul 6, 2026 to J… Jul 13, 2026 to J… Jul 20, 2026 to… Jul 27, 2026 to… 1 4 1 2 4 1 2 1 chatgpt.com gemini.google.com Queries that behave like AI prompts — informational searches where AI tools often answer without sending traffic. AI-DRIVEN WEBSITE SESSIONS KeywordPerformance Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard This page provides a high-level view of how your Facebook Page is performing overall, independent of individual posts. It focuses on audience size, engagement with the Page itself, and whether your follower base is growing month over month. PAGE PERFORMANCE METRICS   (vs previous year) Total Impressions 94,950 86.7% 3,029 384 MONTHLY NET FOLLOWER GROWTH -50 0 50 100 Aug 2025 Sep 2025 Oct 2025 Nov 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026 18 9 7 -3 6 7 14 51 79 74 52 39 0 1K 2K 3K Sunday Monday Tuesday Wednesday Thursday Friday Saturday 1,533 1,625 2,156 1,597 1,400 1,280 1,673 MOST VISIBLE DAYS OF THE WEEK TOTAL FOLLOWERS Shows whether your audience is growing or shrinking after accounting for both new followers and unfollows. Total Reach 45,300 14,825 Net New Followers 39 16 Average number of page views each day of the week over the last 12 months. 0 50K 100K 150K Aug 2025 Oct 2025 Dec 2025 Feb 2026 Apr 2026 Jun 2026 PAGE IMPRESSIONS OVER TIME Total number of page impressions each month over the last 12 months. Nemadji Golf Course Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard MOST ENGAGING POSTS This page focuses on how your Facebook content performed during the selected time period. It shows how often you posted, how many people your posts reached, and how audiences interacted through likes, comments, and shares. POST ENGAGEMENT METRICS   (vs previous year) Engagement Rate 15.26% - Post Engagements 5,497 - Post Reach 36,015 - Post Count 12 - Date Caption Reach Engagements Jul 5, 2026 Final Results from the Red, White, andBlue Tournament yesterday! Thankyou to all players for spendingAmerica’s 250th Birthday with us! 2,628 1,340 0.51 Jul 13, 2026 There isn’t many firsts at Nemadjianymore but this is a day for thehistory books. Jack and David play inthe same group and both had a hole- 6,239 1,269 0.2 Jul 15, 2026 Air Quality Update Air quality index is over 400 in the areatoday. This may be hazardous to 5,065 880 0.17 Jul 15, 2026 Due to the poor air quality, we aresuspending any on course F&B servicefor the remainder of the day. The AQIis at unhealthy levels and does not 7,164 1,168 0.16 Jul 31, 2026 Check out our July Newsletter below! 524 72 0.14 Jul 7, 2026 Deadline is coming up for theWomen's Invite! New for 2026 is aSenior 2 lady scramble in addition toour regular and high school division! 1,339 148 0.11 Jul28 2026 ROADCONSTRUCTIONUPDATE-The 2512 230 009 ▼ 411 18 55 This chart highlights the posts that generated the strongest response relative to how many people saw them. When reviewing it, look beyond raw reach and focus on engagement rate to understand which messages actually resonated, not just which ones were widely distributed. Nemadji Golf Course Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard PROFILE PERFORMANCE METRICS Total Reach 6,186 Net New Followers 19 Total Impressions 23,207 - 1,370 POST PERFORMANCE ACCOUNT FOLLOWS Date Caption Reach Engagements Eng Rate Jul 30, 2026 We are less than a month away from theMen's Club Championship! Give us a callto sign up today! Players must sign up as2-somes or individuals! 302 6 1.99% Jul 13, 2026 There isn’t many firsts at Nemadjianymore but this is a day for the historybooks. Jack and David play in the samegroup and both had a hole-in-one on July9h! 867 67 7.73% Jul 11, 2026 Due to the severe heat index, we will berescheduling the Butch Venne Star of theNorth Junior Tournament to September12th and 13th. We will also be allowingddii l i if ldlik 402 10 2.49% Jul 8, 2026 Nemadji is once again hosting a Drive,Chip, and Putt Qualifier this FRIDAY.Please see below for driving rangeavailability for Thursday and Friday. 392 11 2.81% Jul 7, 2026 Deadline is coming up for the Women'sInvite! New for 2026 is a Senior 2 ladyscramble in addition to our regular andhigh school division! All entry forms can 212 7 3.3% ▼ Instagram shows whether your content is reaching the right people and motivating them to engage and follow. Look for growth in reach and new followers while maintaining a healthy engagement rate, which signals relevance. No year-over-year follower comparison. Instagram only keeps about 30 days of account-level history, so there isn’t enough data to compare this to last year. Nemadji Golf Course Engagement Rate 4.64% - Post Engagements 101 - Post Reach 2,175 - Post Count 5 - 88 0 11 Jul 1, 2026 - Jul 31, 2026 Nemadji Golf Course | Performance Dashboard