PROPOSED 2008 GOLF FEES

PROPOSED

MONOCACY (18 HOLE) COURSE: 1997 1999 2002 2006 2008____

DAILY FEES - Resident 11.00 12.00 14.00 17.00 19.00

- Non-Resident 17.00 18.00 20.00 21.00 23.00

SAT/SUN/HOLIDAYS - Resident 14.00 15.00 17.00 20.00 23.00

- Non-Resident 22.00 25.00 27.00 28.00 30.00

TWILIGHT (after 3:30 p.m.)

Weekdays - Resident 8.00 9.00 11.00 12.00 13.00

- Non-Res. 11.00 12.00 14.00 14.00 15.00

Weekend/Holidays - Resident 9.00 10.00 12.00 14.00 15.00

- Non-Res. 13.00 14.00 16.00 17.00 18.00

9 HOLES (1 p.m. – 3:30 p.m.) - Resident 15.00

- Non-Res. 16.00

SENIORS (62+ Years)

Weekdays - Residents 9.00 10.00 12.00 15.00 16.00

before 11 a.m. - Non-Res. 14.00 15.00 17.00 17.00 20.00

Weekends/Holidays - Resident 11.00 12.00 14.00 18.00 20.00

After 4 p.m. - Non-Res. 16.00 19.00 21.00 21.00 25.00

STUDENTS (18 Yrs. and under)

Weekdays - Res/Non-Res 7.00 8.00 10.00 10.00 12.00

CADDY CARTS 3.00 4.00 4.00 3.00 3.00

POWER CARTS (Driver’s License Required)

- 18 Holes 10.00 11.00 12.00 14.00 14.00

- 9 Holes 5.00 6.00 7.00 8.00 8.00

LOCKERS - Season 33.00 33.00 35.00 35.00 35.00

CLUB RENTALS 9.00 10.00 12.00 12.00 25.00

WEEKEND RESERVATION 2.00 2.00 2.00 2.00 2.00

CANCELLATION FEE (no show) 20.00 20.00 20.00 20.00 20.00

RESIDENT CARD* 2.00 2.00 3.00 5.00 5.00*

HANDICAP 11.00 12.00 15.00 15.00 17.00

SEASON PASSES - Resident 450.00 550.00 600.00 700.00 750.00/825.00**

(Mar 15 – Nov 15) - Non-Res. 750.00 850.00 900.00 900.00 950.00/1025.00**

- Senior Citizens 400.00 500.00 550.00 650.00 700.00/750.00**

-Weekday Res. 400.00 500.00 Delete

-Weekday NonRes. 650.00 700.00 Delete

-Junior Res. 300.00 300.00 300.00

-Junior NonRes. 400.00 400.00 400.00

SPECIALS

Request authorization to hold 10-12 “Golf Specials” throughout the year.

* Resident Card must be purchased each year. Additional cost of $5.00 for replacement card if required during the year.

** If paid by 1/31/08. $75 added if paid after 1/31/08.

10/02/07

PROPOSED 2008 GOLF FEES cont’d.

PROPOSED

EXECUTIVE (9 HOLE) COURSE: 1997 1999 2002 2006 2008____

DAILY FEES - Resident 7.00 8.00 10.00 12.00 13.00

- Non-Resident 9.00 10.00 12.00 14.00 15.00

SAT/SUN/HOLIDAYS - Resident 8.00 9.00 11.00 13.00 14.00

- Non-Resident 11.00 12.00 14.00 15.00 16.00

TWILIGHT (after 3:30 p.m.)

Weekdays - Resident 5.00 6.00 8.00 8.00 9.00

- Non-Res. 7.00 8.00 10.00 10.00 11.00

Weekend/Holidays - Resident 6.00 7.00 9.00 9.00 10.00

- Non-Res. 9.00 10.00 12.00 12.00 13.00

SENIORS (62+ Years)

Weekdays before 1 p.m.

- Residents 6.00 7.00 9.00 9.00 11.00

- Non-Res. 8.00 9.00 11.00 11.00 13.00

Weekends/Holidays after 4 p.m.

- Resident 7.00 8.00 10.00 10.00 12.00

- Non-Res. 9.00 10.00 12.00 12.00 14.00

STUDENTS (18yrs. and under)

Any time - Res/NonRes 5.00 6.00 8.00 8.00 9.00

CLUB RENTALS 9.00 10.00 12.00 12.00 12.00

CADDY CARTS 3.00 4.00 4.00 3.00 3.00

POWER CARTS (Driver’s License Required)

- 18 Holes 10.00 11.00 12.00 14.00 14.00

- 9 Holes 5.00 6.00 7.00 8.00 8.00

DRIVING RANGE

BALL BASKETS

Large 5.00 6.00 7.00 8.00 9.00

Medium 4.00 5.00 6.00 7.00 7.50

Senior Citizen Medium 3.00 4.00 5.00 5.00 6.00

10/02/07

PROJECTED GOLF REVENUE ON PROPOSED 2008 RATE INCREASES

REVENUE

FROM TO INCREASE ROUNDS INCREASE TOTAL

18 HOLE COURSE:

Daily Res. 17.00 19.00 2.00 3709 7,418

NonRes. 21.00 23.00 2.00 2127 4,254

W/end Res. 20.00 23.00 3.00 5098 15,294

NonRes. 28.00 30.00 2.00 2037 4,074

Twilight W/day Res. 12.00 13.00 1.00 3267 3,267

Non-Res. 14.00 15.00 1.00 4304 4,304

Twilight W/end Res. 14.00 15.00 1.00 494 494

NonRes. 17.00 18.00 1.00 204 204

9 Holes Res. 15.00 600 9,000

Non-Res. 16.00 500 8,000

Seniors W/day Res. 15.00 16.00 1.00 1386 1,386

Non-Res. 17.00 20.00 3.00 1085 3,255

Seniors W/end Res. 18.00 20.00 2.00 478 956

Non-Res. 21.00 25.00 4.00 1205 4,820

Students Res/Non-Res 10.00 12.00 2.00 1012 2,024

Resident Card 5.00 5.00 (mandatory) -- 1200 6,000

Season Pass Res. 700.00 750/825 50/125 27 1,350*

Non Res. 900.00 950/1025 50/125 22 1,100*

Senior 650.00 700/750 50/125 24 1,200*

Club Rentals 12.00 25.00 13.00 100 1,300

Handicap 15.00 17.00 2.00 50 100

SUBTOTAL $79.800

9 HOLE COURSE

Daily Res. 12.00 13.00 1.00 1862 1,862

NonRes. 14.00 15.00 2.00 1173 2,346

W/end Res. 13.00 14.00 2.00 1965 3,930

NonRes. 15.00 16.00 1.00 1165 1,165

Twilight W/Day Res. 8.00 9.00 1.00 1860 1,860

Non Res. 10.00 11.00 1.00 1322 1,322

Twilight W/End Res. 9.00 10.00 1.00 485 485

Non Res. 12.00 13.00 1.00 465 465

Seniors W/Days 9.00 11.00 2.00 1825 3,650

Non Res. 11.00 13.00 2.00 487 974

Seniors W/Ends Res. 10.00 12.00 2.00 880 1,760

Non Res. 12.00 14.00 2.00 51 102

Students Res/Non Res. 8.00 9.00 1.00 2789 2,789

SUBTOTAL $ 22,710

DRIVING RANGE

Large Basket 8.00 9.00 1.00 8000 8,000

Medium Basket 7.00 7.50 .50 4395 1,109

Senior Medium 5.00 6.00 1.00 4793 4,793

SUBTOTAL $ 13,902

GRAND TOTAL $116,412

*Based on pass price purchased by Jan.31.

10/02/07