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1,· · Jim Nicosia: Jim teaches the Back To Basics back care classes on the roof on Monday, Wednesday and Friday at 5:30 p.m. Jim is the afternoon and evening cardiofitness instructor

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Page 1: 1,· · Jim Nicosia: Jim teaches the Back To Basics back care classes on the roof on Monday, Wednesday and Friday at 5:30 p.m. Jim is the afternoon and evening cardiofitness instructor
Page 2: 1,· · Jim Nicosia: Jim teaches the Back To Basics back care classes on the roof on Monday, Wednesday and Friday at 5:30 p.m. Jim is the afternoon and evening cardiofitness instructor

2

1,·

i,>,,' ,, >Si;:\, ___.,

THERJ:Ai~~~~J~PING BE AENTINE'S DINNER VAL CE AT LAKESIDE DANEBRUARY14TH! , ON F ' Venetian Rooms . h Fairmont s Featuring t.; MUSIC of :~~;~ECKSCHER.

k 'ls from 6:30 p.m. No~host coc ~at Rib Dinner at 7 p.m. A fabulous Pn;e to midnight. Dancing from p.m. All tables set for ten.

$45 r person, . Price: pe. tax and gratuity• including dancmg, .

Call 587 ~4800 for reservations.

You are Cordially invited to Attend the

ANNUAL PRESIDENT'S BALL

Honoring Mr. and Mrs. Michael Oh/eyer

and Retiring Directors

On Saturday, the Eighteenth ot January Nineteen Hundred and Ninety Two

$50.00 Per Person

includes complimentary hors d'oeuvres. pre-dinnercocktai/s, 6:30 to 8:00 P.M. Dinner with wine.

THE OLYMPIC CLUB at LAKESIDE

Dinner at 8:00 P.M. Dancing until 1 :00 AM.

Dress: Black Tie Optional ReseNations: 58 7-4800

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COVER STORY Last year the Club's first winner of

The Olympian A ward was our great swimmer, Bob Momsen. This year the winner is Joe McDonald, an equally fine handball player. Both men have had splendid competitive records and have contributed to their sports outstandingly in many effective ways.

The cover photograph was taken by Art Director Tom Hall.

And so a new tradition for the Club is off to an excellent start as you will see on page 10.

Happy New Year! -THE EDITOR

OLYMPIAN is published monthly by The Olympic Club at The James H. Barry Company, 170 South Van Ness Avenue, San Francisco, California 94103, and entered as second class matter at the Post Office at San Francisco under the Act of March 3, 1879. Editorial offices at 524 Post Street, San Francisco, California 94102. Manuscripts will not be returned unless accom­panied by a self-addressed stamped envelope. Subscrip­tion price, $28.00 per year. Single copies $2.50 each at Club Office. For prompt delivery of the magazine. Olympians should please notify the accounting depart­ment at 524 Post Street of any change of address.

OLYMPIAN (ISSN 0030-2163)

VOLUME 20 / JANUARY, 1992 / NUMBER I

6 Four New Directors Are Selected

7 Memo From Club President / MICHAEL OHLEYER

9 The Club Thanks Its Commissioners and Committeemen

11 Joe McDonald Wins The Olympian Award/ BERNIE SAMET

12 Club Fathers And Daughters Celebrate Each Other

14 Our Water Polo Team Wins The Corporate Cup / F. DANA TOTTEN

I 5 Masters And Rough water Swimmers Award Winners

16 End of Year Parties For Senior Golfers And Tennis Players

18 Dorothy Keays Is Our 1992 WGS Captain/ MAUREEN SMITH

19 The Club's Annual Financial Report

24 Arthur Muhl Celebrates His 105th Birthday

25 Athletic Director's Update / GARY CROOK

26 Join The Tennis Section/ GERRY STRATFORD

27 The General Manager's Report / PAUL KENNEDY

27 In Memoriam

OLYMPIAN STAFF

EDITOR: RoGER VERRAN. STAFF: George M. Lively. ART DIRECTOR: Tom Hall. STAFF WRITERS: Bill Buckner, Ted Drozdowski, C.P. McCarthy, Gary Crook, Maureen Smith, Elena Merrick, S. Barre Paul, M.D., Jim Stephenson, Bernie Samet, Mark Soltau, Roger Williams, Kevin Starr. STAFF AR TIS TS: Gus Colichidas, Craig Frazier, Steve Hall, Nick Leaskou, Jack Martin, King Harrington. STAFF PHOTOGRAPHERS: Bill Buckner, Stephen Haag, Tom Hall, Ted Hersh, Chet Patterson, Bernie Samet, Tom Vano, Tom Vano, Jr.

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I ENJOY YOUR OLYMPIC CLUB I January

SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY SATURDAY

1 2 3 4 NEW YEAR'S DAY

Annual Hike & Dip City Grill Closed for Lunch 7am, Breakfast 9am January 2-10 Only Country Dinner Country MOR Closed Country Country 6:30 to 9pm

City All Food and Regular Schedule Regular Schedule Dancing Beverage Outlets City Buffet MOR Closed for 8pm to Midnight Closed Closed Dinner Voices

5 6 7 8 9 10 11 Tennis

Country Turkey Tournament Director's Dinner Country Prime Rib Make-up

City Grill Closed for Lunch Chorus Rehearsal Buffet Country Dinner Country Brunch January 2-10 Only 5:30pm 6:30 to 9pm 6:30 to 9pm 1 Oam to 1 :30pm Tennis A la Carte Dinner Dancing Dancing Sunday Buffet Winter Round Robin City Clubhouse City Buffet 7:3D to 1D:30pm 8pm to Midnight 5 to 8pm Tournament Begins WGS Guest Day 6to 9pm 6to 9pm Larry Walker Sylvia Gaylord

12 13 14 15 16 17 18 Tennis New Member Tour Turkey Tournament City Clubhouse-6pm Country Prime Rib Make-up Chorus Rehearsal Buffet Country Brunch 5:3Dpm 6:3D to 9pm President's Ball 1 Dam to 1 :3Dpm A la Carte Dinner Dancing Music by Tony Hall

Sunday Buffet City Clubhouse City Buffet 7:3D to 1 D:30pm MOR Closed for 5 to 8pm 6to 9pm 6 to 9pm Benny Watson Dinner

19 20 21 22 23 24 25

Country Prime Rib Country Dinner Buffet Country Dinner

Country Brunch 5:30pm 6 to 9:3Dpm 6:3D to 10pm 1 Dam to 1 :30pm A la Carte Dinner Dancing Dancing Sunday Buffet City Clubhouse City Buffet 7:3D to 10:3Dpm 8pm to Midnight 5 to 8pm 6 to 9pm 6 to 9pm Larry Dunlap Tom Lepps

26 27 28 29 30 31

Country Dinner Country Crabfeed Cocktails - 6:30pm

Country Brunch 5:3Dpm Dinner - 7:DDpm 1 Dam to 1 :3Dpm A la Carte Dinner Dancing Sunday Buffet City Clubhouse City Buffet 7:3D to 10:30pm 5 to 8pm 6to 9pm 6 to 9pm Benny Watson

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I THERE'S SO MUCH TO ENJOY

SUNDAY

2

Country Brunch 1 0am to 1 :30pm

Sunday Buffet 5 to 8pm

9

Country Brunch 1 0am to 1 :30pm

Sunday Buffet 5 to 8pm

MONDAY

3

10

February TUESDAY

4

WGS Guest Day

Fitness Training Program Begins: 7:30am, 12Noon, 5:30pm

11

WEDNESDAY

5

Chorus Rehearsal 5:30pm

A la Carte Dinner City Clubhouse 6 to 9pm

12

Chorus Rehearsal 5:30pm

WGS Valentine Frolic A la Carte Dinner SIT: Sam-Both City Clubhouse Courses 6 to 9pm

THURSDAY

6

City Buffet 6 to 9pm

13

City Buffet 6to 9pm

FRIDAY

7

Country Crabfeed Cocktails - 6:30pm Dinner - 7:00pm Dancing 7:30 to 10:30pm Paul Ferris

14

SATURDAY

1

I Main Dining Room j

Closed

8

Country Dinner 6:30 to 10pm

Dancing 8pm to Midnight Earl Heckscher

15 Pacific Coast Athletic Club Basketball Tournament

Friday - 4 to 1 Opm Saturday - 9am to 6pm

Country Dinner SWEETHEART'S BALL 6:30 to 1 0pm Cocktails 6:30pm Prime Rib Buffet 7pm Dancing Music by 12-piece band 8pm to Midnight Ernie Heckscher Walt Tolleson

WHEN OUR DINING ROOMS ARE OPEN AT THE CITY CLUBHOUSE

Breakfast - Main Dining Room ............................................................................ 7 a.m. to 10 a.m. Monday thru Friday Luncheon Main Dining Room ............................................................................ 12 p.m. to 2 p.m. Monday thru Friday

- Grill Room .................................................................................... 11 :30 a.m. to 2 p.m. Monday thru Friday A la Carte Dinner - Main Dining Room .................................................................................. 6 p.m. to 9 p.m. Every Wednesday Buffet Dinner - Main Dining Room ..................................................................................... 6 p.m. to 9 p.m. Every Thursday

For Reservations, call 775-4400

AT THE COUNTRY CLUBHOUSE Breakfast Brunch Luncheon

Dinner

- Grill Room ........................................................................................ 7 a.m. to 10:30 a.m. Saturday, Sunday - Main Dining Room .................................................................................. 10 a.m. to 1 :30 p.m. Sunday Only

Grill Room ................................................. 11 a.m. to 2:30 p.m. Sunday, Wednesday, Thursday and Friday 11 a.m. to 3 p.m. Saturday

- Main Dining Room ............................................................. 12 noon to 2 p.m. Tuesday, Thursday & Friday - Main Dining Room ....................................................................... (A la carte) 6:30 p.m. to 9 p.m. Saturday

(Buffet) 6:30 p.m. to 9 p.m. Friday, and 5 p.m. to 8 p.m. Sunday For Reservations, call 587-4800

Abbreviations SGA-Seniors' Golf Association. WGS-Women's Golf Section. WSS-Women's Social Section.

I

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THE CLUB'S PRESIDENT FOR 1992 IS FRANKL. ROLLO

Look for his biography in next month's Olympian.

FOUR NEW DIRECTORS ARE ELECTED

ANDREW BURKE Andy is a native San Franciscan, aged 62. He attended Commerce High School and

graduated from the College of Pacific in Stockton with a B.A. degree. He joined the Club in 1945 as a swimmer and learned to play water polo under George Schroth, competing both nationally and internationally.

He has served the Club as Deputy Water Polo Commissioner and Junior/ Juvenile Commissioner. He was also a member of the following committees: Athletic, Junior/ Juvenile as chairman, Building as chairman, and currently Properties, as chairman in 1990. He has played within the basketball league for five decades.

Andy is married, has four sons and three grandchildren. He recently retired from RMC Lonestar.

Andy has always enjoyed The Olympic Club and looks forward to the opportunity of continuing to serve and keep it the strong, viable organization we all know.

THOMAS C. O'KANE Tom O'Kane, age 45, is a native San Franciscan. He was educated at Lincoln High

School, City College of San Francisco and San Jose State University. Tom is an Owner/ Partner in the insurance brokerage of O'Kane-Cannizzo-Jacinto & Russi.

Tom and his wife Sharon reside in San Francisco with their two sons. Phillip, a senior at Sacred Heart High, and John, an 8th grader at St. Cecilia's, are both members of The Olympic Club.

Tom has been a member for the past 28 years, starting as a Junior Golf Merit Member. He was a Junior Golf Commissioner and also served on the Country Club Committee and Greens Committee.

As a Club Director, Tom will help guide our Club in preserving the values that have made us successful.

JOSEPH P. STRETCH Born in Berkeley, Joe, 53, attended the University of Santa Clara and USF Law

School. A practicing attorney, he is married to the former Nancy Sullivan, a San Francisco native, and has five sons, Pat, Chris, Brian, Tim and Colin, all Club members.

Joe has been a member for 14 years and has served as Chairman of the Legal Committee, as well as serving as a three-year member of the Activities Committee.

He utilizes the Club facilities on a daily basis and understands that the continued success of the Club depends on the strength of membership involvement.

Consistent with sound fiscal policies, he is committed to maintaining programs and facilities which will continue to support the national reputation of The Olympic Club as a leader in amateur athletics.

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MEMO fro1n our Club President

THIS WILL BE A GREAT YEAR FOR THE CLUB AS IMPROVEMENTS TO

OUR PROGRAMS AND FACILITIES CONTINUE

THE YEAR 1992 brings to the Club new officers and four new directors. Frank Rollo will be our

President. Ralph Cesari our Vice-President, Jay Fritz our Treasurer and Carl Borders our Secretary. Having worked with these men for two years, I can assure the Club of their ability and commitment to maintain and improve the Club's facilities and programs.

We welcome to the Board of Directors Joe Stretch, Tom O'Kane, Gar Wynne and Andy Burke.

On a personal note, I want to thank 1991 's officers Len Fregosi, Jack Heckenlively and Bill Callan for their work on behalf of the Club and for their excellent advice and counsel to me. Also, I want to thank all the athletic commissioners and committeemen for their efforts during the year. Finally, I want to thank The Olympic Club for enriching my life by allowing me to serve on its Board of Directors and as its President.

1992 promises to be a great year for the Club. Our athletic programs will continue to expand and our facilities will continue to be improved. Among the new projects, the squash courts will be modernized and brought up to competitive standards, and architects are being interviewed for improvements to the Lakeside clubhouse.

In addition, I am happy to report that the Club's managerial staff is in very capable hands. Paul Kennedy is taking over as General Manager. Jim Lucius is staying on as our golf pro, and David Nightingale remains as our country club manager. Keeping these positions within the Club is a reflection of the strength of our management team.

May 199_2 bring the best of everything to all of you and your families.

MICHAEL 0HLEYER

GARNET F. WYNNE, M.D. Gar was born in Havre, Montana, and is a graduate of the University of Washington

School of Medicine. He took his post-graduate training in the army and started his Orthopaedic practice in San Francisco in 1965. He was a consultant to the 49ers for 15 years and the Warriors for IO years.

Gar has been a member of The Olympic Club since 1970. He served on the 1987 U.S. Open and has been a member of the Tournament, the Greens, the Country Club and the Activities Committees.

He has four children and eight grandchildren (7 boys). He and his wife Hannah are avid golfers.

Gar believes that The Olympic Club can only be run by representative government. He feels that his openness and communication skills will make him accessible to the membership for their input to the Board.

7

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THE CLUB THANKS ITS COMMISSIONERS

Standing: Rollo, Heckenlively,Ohleyer, Fregosi, Kilduff, Borders. Sitting: Hoedt, Cesari, Callen, Lynch, Jr.

Standing: Kramp, Cooper, Federal, Aubry. Sitting: Shea, Jordan, Stephenson.

' Standing: Taylor, Busalacchi, Hayden, Dwyer. Sitting: Mouchawar, Erigero, Ferdon, Schulze.

Standing: Osterloh, Rudloff, Jr., Caneer, Glugoski. Sitting: Yourd, Barberini, Jr . ., Mackin, McDonald.

Standing: Armanino, Kohnke, Piro, Artiga. Sitting: Cushing, Wynne, Sherry.

Standing: Lange, Moriarty, Avelar, Marenda, Smith. Sitting: Paul, McNafly, Sweitzer, Heckenlively.

Standing: Falaschi, Crofton-Sleigh, Naniche, Stewart, Hall. Sitting: Sperry, Smith, Jr., Gabrial, Santucci.

Standing: Giometti, Butt, Hornor, Caulfield, Smith. Sitting: Shea, Campagnoli, DeRose.

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"'JZ:

AND COMMITTEEMEN FOR A GREAT YEAR

Standing: Karutz, Nepomuceno, Crook, Nightingale, Samet, Young, Kennedy, Nicosia, Totten. Sitting: Kroll, Stein, Fleming, Lucius, Montross.

Standing: Grummer, Edwards, Kohnke, Burdusis, Woerner. Sitting: Marcelli, Halow, Hafferkamp, Jones.

Standing: Osterloh, Rudloff, Jr., Caneer, Glugoski. Sitting: Yourd, Barberini, Jr.,, Mackin, McDonald.

Standing: Burke, Martorana, Jizmagian, Bering. Sitting: Miller, Nagle, Lawrence, Lynch.

Standing: Collins, Stretch, Verran, Treacy, Paul. Sitting: King, Jr., O'Connor, Starr, Hall.

Standing: Giometti, Butt, Hornor, Caulfield, Smith. Sitting: Shea, Campagnoli, DeRose.

Standing: Keller, Pytlewski, O'Kane, Barry, DeVore, Maguire. Sitting: Mason, Powers, Fell, Pyne, Drucker.

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NOW IN ITS SECOND YEAR, 'THE OLYMPIAN AWARD'

HAS BEEN PRESENTED TO A GREAT HANDBALL PLAYER, JOE McDONALD

The Award is made to a member who satisfies one or both of the following criteria: ( 1) Athletic achievement and contribution to his team or sport within

the calendar year, (2) Demonstrated initiative to his sport at The Olympic Club outside of competition within the competitive year.

McDonald receiving his award from Russ Hafferkamp, Chairman of the Athletic Committee. Below: working with coach Bernie Samet and in the court.

10

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By Bernie Samet SOME OF HIS BUDDIES WHO

WON IN THE RECENT DOUBLES CHAMPIONSHIPS

THE STANDARDS for the Olympian Award are high; few can meet them.

Joe McDonald can! In I 99 I Joe won the World Championship in Golden Masters Doubles, came in second in the Nationals and first in the Northern California Regionals in GM Doubles. He also dropped down to the Masters ( 40+) for a win at the NY AC Invitational. Typically a fierce competitor who hates to lose, McDonald thinks he had an off year because he only came in second in the Nationals. In fact, over the last few years Joe has won a total of I 2 National Doubles Titles and 2 National Singles Titles-including four straight wins in the National Golden Masters Doubles. Of course, to this we can add numerous local regional wins in both singles and doubles. While the singles titles are Joe's alone, no one can win doubles cham­pionships by themselves. Of his many partners, two stand out. Mike Dunne, Sr. with whom Joe has been teamed for the last few years in the Golden Masters and Jeff Capell, Jr. with whom Joe won

Open: Rich Dunne (left) and Mike Dunne, Jr. (right) winners over Jon Kendler and Mike McDonald.

the National Masters Doubles. Demon- A Prime: Gerry Sheehy and Nick Saribalis winners over Jerry Piazza and Jack Schroth.

strating a rare versatility in doubles, Joe plays the left side with Mike and played the right side with Jeff. He has clearly been the dominant player in his age group during the last five years.

A native San Franciscan, Joe grew up in the Mission District and went to Balboa H.S. He played basketball for the College of San Mateo. He started play­ing handball when he was 35 and five years later was recruited by the "ultimate A class: Bob Moser and Gerry Kennedy winners over Marty Coyne and Gil Dowd.

recruiter," O.C. Handball Coach Mike De la Pena. Soon, with good competi­tion, Joe's made rapid improvements.

Besides these athletic achievements, McDonald has done great service to the sport of handball, serving on the U.S. Handball Association's Board of Direc­tors for the last IO years and as its Vice President in 199 I. Ever mindful of what good organization is worth Joe has worked closely for many years with the B Class: Al Clifford and Mark Kane winners over Tim Leach and Charlie Leach. Northern California Handball Associa­tion and The Olympic Club Handball program. In I 983 he helped found the Club's most prestigious handball event, the Hall of Fame Tourney. He has also recruited/sponsored many of our young and promising players including Rich Dunne, Jon Kendler, Len De La Torre and in I 99 I Jim Komsthoeft who all have won National Championships.

C Class: Kevin Maloney and Tony Englese, runners-up, Frank Rollo, Jr. and Paul LaRocca, winners.

I I

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Once again, on three delightful evenings,

CLUB FATHERS AND DAUGHTERS CELEBRATE EACH OTHER

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OUR WATER POLO TEAM DEFEATS NYAC TO BRING HOME THE CORPORATE CUP Places second overall in the 1991 Indoor National Championships.

By F. Dana Totten

PRINCETON UNIVERSITY'S recently com­pleted DeNunzio Natatorum is a

specious state of the art aquatic center with all the grand traditional splendor of an Ivy League campus building and a sparkling indoor 50 meter pool. Along with the crisp fall weather and multico­lored tree leaves, the east coast was a definite change of pace from California.

Seeded third in the tournament, the OC team played six games to a record of 5-l to place second overall. The highlight of all the games was its sound defeat of the NY AC team 8-5 to return the Corpo­rate Cup to San Francisco. This highly competitive perpetual inter-club award between the NYAC and The Olympic Club goes to the victorious team each time they meet.

The OC team met its match in the championship game with the powerful Harvard Water polo Foundation team from Southern California made up of the current USA National Team players.

Six OC players earned All-American honors. Goalie Rick Solomon was named 1st team alternate, with Alan Mouchawar and Russ Hafferkamp being named to the second team. Mike Haley, Andre Wieglin, and John Lautze were named second team alternates. Along with coach Pete Cutino and commissioner Brian Busalacchi, the other members of the team are: John Gifford, Bennett Indart, Matt Murphy, Doug Norton, Kirk Jensen, Marvin Mouchawar, Pat Murphy, Ken Candela­ria, John Thompson and Peter Galli.

Game One: OC 12-Navy 9 Led by Mike Haley's four goals, the

OC defeated a persistent and well condi­tioned Navy team. The first quarter was even with the OC team outscoring Navy by one point in each of the other three quarters to win.

Game Two: OC IS-Rockville 4 Paced by Andre Wieglin's five goals

and Mike Haley's four goals, the OC team cruised to victory with superior defense and a consistent counter attack.

Game Three: OC 8-NYAC 5 This was a very important game for

14

Top row: Dou~ Norton, Alan Mouchawar, Rick Solomon. Center: Coach Peter Cutino, Andy Wieglin, Pat Murphy, Kirk Jensen, John Lautze, John Thompson. Bottom: Pete Galli, Ken Candelaria, Bennett lndart, Russ Haffercamp, Brian Busalacchi.

both teams. The first half was a defensive battle with the halftime score being 3-l in favor of New York. Goalie· Rick Solomon shut down the New York inside game by taking the ball away and forcing the long outside shots. The third quarter was scoreless for both team, and then the OC players completely shut down NYAC. In the fourth quarter, led by Mike Haley's three goals and with a great team defense,the OC team exploded with 7 goals and limited NY to 2 goals m totally dominating the NY AC.

Game Four: OC 19-Clayton 7 With more than 10 players scoring

goals, The OC team played a strong offensive game against the all-star team based in St. Louis from the midwest region of the country.

Game 5: OC 9-Slippery Rock 7 This proved to be a tough game

against the 1991 Eastern Seaboard Cham­pionship team from Slippery Rock Uni-

versity. With strong offensive team play combined with pressure defense,the OC controlled the first half with the score 5-2. In the second half, Slippery Rock with accurate passing and great team speed combined with the OC team's ejections, outscored the OC 5-4; but this was not enough to win. Mike Haley again led the team scoring with 5 goals.

Championship Game: OC 5- Harvard 13

With Harvard being the equivalent of the USA National Team, they had super­ior conditioning, talent, and experience. In short, they were the better team. By completely shutting down the OC inside power game, Harvard forced the OC team to make bad passes which set up their devastating counter attack. The OC stayed in range at the half with the score 7-3. But the second half was more of the same at 6-2. No OC player scored more than one goal.

The Club's Program for Young Swimmers It is our pleasure to invite you to The Olympic Club Aquatic Sports program. The skills

and techniques you learn will benefit your swimming throughout your life. You have an opportunity to learn and experience the aquatic sports of swimming and

water polo in a club internationally known for excellence in those sports. The Olympic Club coaching staff along with many of The Olympic Club's world class

masters ~w_immers will be working with you personally to help you do your best. We hope you can Jorn us.

Regardless of talent, anyone who wants to learn and practicer can and will become an excellent swimmer.

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OUR MASTERS AND ROUGHWATER SWIMMING AWARD WINNERS FOR 1991

Masters Swimming Commissioner Ed Rudloff, Jr. with Rich Bassi, a Commissioner's Cup winner.

Stu Corliss, a Commissioner's Cup winner.

David Lundberg won the Most Outstanding Swimmer Award, accepted for him by John Wichel.

Brian Browne, the Most Outstanding Roughwater Swimmer Award winner.

Randy Williams, a Commissioner's Cup winner.

Phil Chapman, the Loughborough Award winner.

Roughwater Commissioner John Osterloh presents the Most Improved Award to Mike Keck.

Team Captains; Bob Placak, Ed Rudloff, Sr., Jim Bohan, Fred Ferroggiaro.

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The name of the game was FUN

OUR SENIOR GOLFERS

1991 Senior Champions: "A" Flight Gross: Roger Staples. "A" Flight Net: Jacques Nouaux. "B" Flight Gross: Al Peace.

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at these end of the season parties

OUR TENNIS SECTION

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DOROTHY KEAYS IS OUR WGS CAPTAIN FOR 1992

By Maureen Smith

HAPPY NEW YEAR! Welcome to our 1992 Captain,

Dorothy Keays. Dorothy is a well­known and loved member of the WGS. She has the reputation of being a perfec­tionist and a tireless worker, so, with this in mind, we can look forward to a splendid year.

Dorothy is a native San Franciscan. In her single days she worked in Pacific Bell's Administrative Department where a portion of her job was preparing information to be used in rate cases before the Public Utilities Commission. She says she received excellent training in attention to detail and accuracy. Every­thing had to be exactly right, and this training has served her well over the years. Chosen to represent Pacific Bell as a monthly contributor to a major busi­ness girls' magazine, Dorothy was one of ten girls nationwide who won an all expense trip to New York as Guest Editor.

Dorothy's husband, Bill, was the Deputy Police Chief in San Francisco. He was also a past director and Secretary of The Olympic Club Board of Directors and was one of the club's handball stalwarts, winning six national doubles championships. Bill and Dorothy have two sons, Bill and Bob, who are both graduates of the University of San Fran­cisco and Members of The Olympic Club. Grandson, Bobby, is a junior members.

Janet Andrews.

After her marriage, Dorothy resigned from her job at Pacific Bell and devoted her time to her family. Later when both boys were in school, Dorothy went back to school herself and earned her B.A. Magna Cum Laude in History and Business at San Francisco State Univer­sity. She then went on to earn her M.A. in Education and teaching credentials in four categories, maintaining a 4.0 grade point average. She put her qualifications to good use by becoming a teacher in the San Francisco Public School District where she taught business subjects, history and remedial reading. She was head of the Business Department, and the Junior High School Teachers' repre­sentative on the PT A Board.

Since joining the WGS Dorothy has held many positions on the Board. She is instinctively well-organized and has a knack for running things well. She seems to know exactly what is needed, and,

Chris Stein, Millie Lawlor, Roger De Souza.

better yet, she knows how to accomplish her goal. As Tournament Director, she made the tournaments really festive and fun. As Co-Captain, she made the Guest Days moments to remember.

People outside the Club may remember Dorothy as the person in charge of tickets during the 1987 U.S. Open. This was an awesome task, but Dorothy did it, as usual, in her own competent way, and never seemed to get ruffled. Many a night she could be seen down at the Airport Post Office in the small hours of the morning mailing off the tickets that had been processed that day and promised for next day delivery. Dorothy has a sense of duty.

Dorothy comes as one of the best­qualified Captains we have ever had. She knows exactly how things work, and likes to see them work well. We are lucky to have such a gifted lady as our Captain. We look forward to a happy and full year, and wish Dorothy the very best of luck.

THE FALL FASHION SHOW The Fall Fashion Show has become a

tradition in the WGS. It is a time when the golf members can invite guests and the social members to join them for lunch and a wonderful look at the season's new clothes.

Millie Lawlor and Ceil Andrews organ­ized a gala event that went very well indeed. The audience was invited to join them on an imaginary balloon ride

Continued on Page 27

Terry Pierce, Helen Butt and Guess Who.

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~ THE OLYMPIC CLUB

FINANCIAL ST A TEMENTS AND

INDEPENDENT AUDITORS' REPORT

SEPTEMBER 30, 1991 and 1990

Dear Olympian:

It is my pleasure to report financial results for the fiscal year ended September 30, 1991. Total Club net income amounted to $1,285,730. If you should wish additional revenue, cost and expense data by Club activity or department, such information is available in the accounting department upon request.

MICHAEL 0HLEYER

President

INDEPENDENT AUDITORS' REPORT

The Board of Directors The Olympic Club San Francisco, California

We have audited the accompanying balance sheet of The Olympic Club as of September 30, 1991 and 1990, and the related statements of income and membership equity, and cash flows for the years then ended. These financial statements are the responsibility of the management of The Olympic Club. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,

evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of The Olympic Club as of September 30, 1991 and 1990, and the results of its operations and its cash flows for the years then ended, in conformity with generally accepted accounting principles.

Hood and Strong November 21, 1991

19

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THE OLYMPIC CLUB

Balance Sheet

September 30, 1991 and 1990

ASSETS

CURRENT ASSETS:

Cash (includes interest bearing deposits of $15,167 in 1991 and $7,850 in 1990) .................................... .

Short-term investments:

Working Capital Fund .................................................................................. .

Reserved for current year improvements ................................................................... .

Accounts Receivable:

Members-less allowance for doubtful accounts of $46,596 in 1991 and 35,569 in 1990 ............................ .

Other ................................................................................................ .

Inventories ................................................................................. • • • • • • • • • . • • • •

Prepaid expenses ............................... : ......................................................... .

Total Current Assets ............................................................................... .

RESERVE FUND (in interest bearing deposits) ................................................................ .

PROPERTY, PLANT AND EQUIPMENT, AT COST-net of accumulated depreciation of $9,603,252 in 1991

and $9,295,826 in 1990 .................................................................................... .

DEFERRED LEASE COSTS ............................................................................... .

OTHER ASSETS .......................................................................................... .

LIABILITIES AND MEMBERSHIP EQUITY

CURRENT LIABILITIES:

Accounts Payable ........................................................................................ .

Accrued Expenses:

Property taxes ......................................................................................... .

Payroll, commissions and related taxes .................................................................... .

Sales and other taxes ................................................................................... .

Other ................................................................................................ .

Taxes on income ......................................................................................... .

Members' advance billings ................................................................................. .

Total Current Liabilities ............................................................................ .

MEMBERSHIP EQUITY .................................................................................. .

The accompanying notes are an integral part of this statement.

20

1991 1990

$ 107,522 $ 224,869

1,000,000 1,365,909

2,660,269

1,999,329 2,095,781

21,813 198,263

373,033 334,147

337,789 345,610

6,499,755 4,564,579

3,000,000 3,472,927

11,228,462 9,882,043

109,678 110,878

212,127 225,909

$21,050,022 $18,256,336

$ 1,678,446 $ 654,549

36,549 36,549

253,942 252,733

32,018 32,655

930,168 585,633

171,700 196,400

939,383 775,731

4,042,206 2,534,250

17,007,816 15,722,086

$21,050,022 $18,256,336

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REVENUES: Department revenues:

THE OLYMPIC CLUB Statement of Income and Membership Equity

Years Ended September 30, 1991 and 1990

Food ........................................................................................... . Beverage ........................................................................................ . Golf green fees ................................................................................... . Pro Shop ....................................................................................... . Rental from golf cars ............................................................................. . Rooms, dressing rooms and lockers ................................................................. . The Olympian Magazine .......................................................................... . Barber and massage .............................................................................. . Sport Shop and tennis ............................................................................ .

1991

$ 2,703,158 1,105,337 2,783,750

894,952 414,069 669,710 170,661 121,190 305,989

9,798 Telephone ....................................................................................... ----~

Total Department Revenues ................................................................... . 9,178,614

Cost of revenues ................................................................................. . ---~~ 2,069,725

GROSS PROFIT ............................................................................ . 7,108,889

Membership dues .................................................................................... . 6,305,277 210,240 Service charges and other-net .......................................................................... ----~-

TOT AL REVENUES ........................................................................ . ---~~-13,624,406

EXPENSES: Salaries and wages, including pensions, payroll

taxes and benefits ................................................................................ . 8,591,984 Activities, tournaments and special events ............................................................. . 461,825 China, glassware, silver, utensils and equipment rental ................................................... . 221,264 Director and committee expenses ..................................................................... . 125,051 Donations ........................................................................................ . 48,290 Insurance ......................................................................................... . 472,580 Laundry, linen and uniforms ......................................................................... . 389,568 Office expense, including printing, postage and subscriptions ............................................. . 482,729 Professional services ................................................................................ . 435,617 Repairs and maintenance ............................................................................ . 665,757 Sand, gravel, seeds, plants and fertilizer ............................................................... . 166,954 Travel and business expense ......................................................................... . 33,022 Utilities and telephone .............................................................................. . 585,913 Security services ................................................................................... . 173,933 Depreciation ...................................................................................... . 963,144 Property taxes ..................................................................................... . 125,858

782,432 Miscellaneous services and expenses ................................................................... _____ _

TOT AL EXPENSES ......................................................................... . 14,725,921 ------OPERA TING LOSS 1,101,515

OTHER INCOME (EXPENSE): Initiation fees and sale of golf privileges ............................................................... . 1,598,100 Rental income - net of related expenses ................................................................ . 981,198 Interest ........................................................................................... . 358,182 Bequests from deceased members ..................................................................... . 12,661

20,204 Sundry-net ....................................................................................... ----~-

TOT AL OTHER INCOME ................................................................... . ---~~-2,970,345

INCOME BEFORE PROVISION FOR INCOME TAXES ........................................ . ---~~-1,868,830

PROVISION FOR INCOME TAXES .................................................................. . ----~-583,100

NETINCOME .............................................................................. . 1,285,730

MEMBERSHIP EQUITY: 15,722,086 Beginning of year ................................................................................... --~~

End of Year ....................................................................................... . $17,007,816

The accompanying notes are an integral part of this statement.

1990

$ 2,659,889 1,063,949 2,450,124

843,012 396,801 640,099 144,385 113,576 267,522

11,886

8,591,243

2,085,572

6,505,671

5,741,918 231,877

12,479,466

8,226,266 444,520 242,235 114,834 58,493

485,719 308,543 437,215 705,615 848,586 154,069 34,407

565,365 159,111 900,841 130,764 477,060

14,293,643

1,814,177

2,156,630 1,006,576

312,474

7,326)

3,468,354

1,654,177

520,400

1,133,777

14,588,309

$15,722,086

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Use of Revenues ..

Revenues Expenditures and Net Income

For the year ended September 30, 1991 For the year ended Saptember 30, 1991

Operating Revenues {9.4 mill.)

Investment Income {1.4mi11.) __ _

mber Dues 7% 6.3 mm.)

341/,

THE OLYMPIC CLUB Statement of Cash Flows

Property taxes (0.1 mill.)

Years Ended September 30, 1991 and 1990

CASH FLOWS RESULTING FROM OPERATING ACTIVITIES:

Net income ..................................... · ................................................... .

Adjustments to reconcile net income to net cash provided by operating activities:

Allowance for doubtful accounts ................................................................... .

Amortization of deferred lease costs ................................................................ .

Depreciation .................................................................................... .

Loss on disposition of property and equipment ....................................................... .

(Increase) decrease in:

Accounts receivable-member and other ............................................................ .

Inventories ...................................................................................... .

Prepaid expenses ................................................................................. .

Other assets ..................................................................................... .

Increase (decrease) in:

Accounts payable ................................................................................ .

Accrued expenses ................................................................................ .

Taxes on income ................................................................................. .

1991

$1,285,730

11,027

1,200

963,144

1,436

261,875

38,886)

7,821

13,782

193,897

345,107

24,700)

163,652 Members' advance billings .......................................................................... ----~

NET CASH PROVIDED BY OPERATING ACTIVITIES ........................................ . ----~-3,185,085

CASH FLOWS RESULTING FROM INVESTING ACTIVITIES:

Purchase of property, plant and equipment ............................................................ . 1,480,999)

472,927 (Increase) decrease in Reserve Fund ................................................................... ----~

NET CASH USED IN INVESTING ACTIVITIES ............................................... . -~--~~ 1,008,072)

INCREASE IN CASH AND SHORT-TERM INVESTMENTS .......................................... . 2,177,013

CASH AND SHORT-TERM INVESTMENTS AT BEGINNING OF YEAR ................................ . ---'--~-1,590,778

CASH AND CASH EQUIVALENTS AT END OF YEAR ................................................ . 3,767,791 =========

SUPPLEMENTAL CASH FLOW INFORMATION:

Income taxes paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 607,800 =======

Noncash Investing Activities:

1990

$1,133,777

15,494

1,100

900,841

17,395

360,156)

18,494)

34,974

23,876)

264,939)

228,037

68,000

26,219

1,758,372

468,977)

745,192)

1,214,169)

544,203

1,046,575

1,590,778

$ 452,400

During the year, the Club has incurred liabilities of $830,000 in conjunction with additions to property, plant and equipment.

The accompanying notes are an integral part of this statement.

22

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THE OLYMPIC CLUB

Notes to Financial Statements

NOTE 1-SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: a) Basis of Accounting: The Club maintains its records on the accrual basis of

accounting. Membership dues are billed in advance and recognized as income in the applicable membership period. Initiation fees are recorded as income at the time membership commences.

b) Inventories: Inventories, consisting primarily of food, beverages, and sporting goods, are stated at the lower of cost (either average cost or first-in, first­out) or market.

c) Property, Plant and Equipment: Depreciable assets are carried at cost less accumulated depreciation. Depreciation on buildings and related building improvements is based on the estimated remaining useful lives of the respective buildings computed on a straight-line basis. Depreciation on the other assets is computed by the straight-line method based on useful lives.

d) Deferred Lease Costs: Deferred lease costs consist of amounts incurred in obtaining and satisfying certain requirements of the hotel land lease of the property adjacent to the City Club facility. Such costs are being amortized over the ninety-nine year term of the hotel lease on the straight-line method.

e) Pension Costs: Pension expense of the Club's Qualified Plan is calculated using the Accrued Benefit Cost Method. Such expense is funded on a current basis.

f) Income Taxes: The Club is a tax-exempt organization under Internal Revenue Code Section 50I(c)(7). The Club is therefore exempt from income taxes, except on its earnings from investments and operations from non-member activities.

g) Statement of Cash Flows: For purposes of the statement of cash flows, cash and short-term investments include demand deposits, U.S. Treasury bills and tax­exempt money market funds with an original maturity of three months or less.

NOTE 2-RESERVE FUNDS: During 1987, the Club established a Reserve Fund in the initial amount of

$ I ,000,000. The purpose of the Fund was to provide a ready source of funds for the Club's future use in the event of unexpected major repairs in excess of the Club's insurance coverage or for other presently unknown capital expenditure requirements which might arise.

The Fund was established using funds on hand and was originally to be increased annually by the gross pretax rentals to be earned on the hotel land lease (see Note 7). Additionally, interest income on these funds was to accumulate within the Fund.

Effective April I, 1988, the Club modified the original policy of allocating gross pretax hotel land lease rental payments to the Reserve Fund such that the allocation be made based upon hotel land lease rental payments after deduction of related income taxes. This revised policy was in effect through September 30, 1990. lt was revised effective October 1, 1990 to include the Masonic Avenue land lease rental payment, net of the related income taxes on such payments.

Effective October I, 1991, the Club revised the policy for its Reserve Fund. The Club will maintain $3,000,000 in the Reserve Fund. The interest income from this Fund, net of related income taxes, will go to the Capital Reserve Fund, as well as the Club's gross lease rentals, net of related income taxes, and all other non­investment related income. The Capital Reserve Fund shall be used for funding major capital projects in the future.

In I 991 the gross rentals on the leased properties, net of related income taxes, which were allocated to the Reserve Fund, were $748,236 and interest income on Reserve Fund balances was $277,061. On September 30, 1991, $1,498,224 was transferred from the Reserve Fund to current short-term investments in order to provide funds to complete the Club's projects in progress at that date. During 1990, amounts earned on the hotel land lease, net of related income taxes, which were allocated to the Reserve Fund, were $500,702 and interest income on Reserve Fund balances as $244,490.

NOTE 3-PROPERTY, PLANT AND EQUIPMENT: The principal categories of property, plant and equipment at September 30,

1991 and 1990, were as follows:

Remaining Estimated Useful Life

1991 1990 (Years) Land .................... $ 818,919 $ 818,919 City Club buildings

and improvements ...... 6,741,204 6,683,652 21 Country Club buildings and

improvements .......... 3,536,424 3,500,064 15 Water system ............ 1,159,I 19 1,159,119 14 Tennis facilities .......... 752,815 752,815 9 - 15 Golf course .............. 681,539 681,539 18 Furniture, fixtures and

equipment and vehicles 5,103,494 5,559,860 5 - 20 Construction in progress ... 2,038,200 21,901

20,831,714 19,177,869 Less accumulated

depreciation ........... 9,603,252 9,295,826

$11,228,462 $ 9,882,043

Construction in progress as of September 30, I 99 I, consists principally of renovation costs of the swimming pool and kitchen at the City Club. Estimated costs to complete the projects in progress at September 30, 199 I is approximately $1,500,000.

Depreciation expense amounted to $963,144 in 1991 and $900,841 in 1990.

NOTE 4-LINE OF CREDIT AGREEMENT: The Club has an agreement with Wells Fargo Bank, N.A. under which it

may borrow up to $2,000,000, on an unsecured basis, at the Bank's prime rate. The agreement requires the maintenance of certain compensating balances, only when there are outstanding borrowings on the line, as well as certain current ratio and net worth requirements. The agreement expires on March I, 1992, at which time it is subject to renegotiation.

There were no outstanding borrowings under this agreement at September 30, I 991 or September 30, I 990.

NOTE 5-RETIREMENT PLANS: The Club has retirement plans covering substantially all employees. Contributions of $148,440 in 1991 and $144,504 in 1990 were made to

union sponsored defined contribution plans. Non-union employees who retired prior to January I, 1975, are covered by

a non-qualified, unfunded pension plan. Payments are made currently to these retirees at a fixed monthly amount. Payments amounted to $25,765 in 1991 and $30,059 in 1990.

All other non-union Club employees are covered by a qualified, defined benefit plan provided that they meet specified age and service requirements. Under the accrued benefit cost method, no contributions have been required for either of the years ended September 30, 1991 and 1990.

The following information, as determined by the plan's actuarial consultants, identifies the defined benefit pension plan's funded status as of September 30, 1991:

1991 1990 Projected benefit obligation for

service rendered to date .............. $1,048,265 $898,627 Fair value of plan assets, primarily

cash and cash equivalents ............ 985,865 882.887 Projected benefit obligation

in excess of plan assets ............... 62,400 15,740 Unrecognized net transition asset,

in the original amount of $ I 06,009 being recognized over 20.837 years ..... 95,835 l00,922

Unrecognized net obligation ............ ( 21,884) ( 56,356) Accrued pension cost .................. $136,351 $ 60,306

The net pension cost for I 991 and 1990 was determined as follows:

Service costs-benefits earned during the year ..................... $ 79,872 $ 73,874

Interest cost on projected benefit obligation ................... 71,178 67,031

Actual return on plan assets ............ (150,209) ( 20,242) Net amortization and deferral ........... 75,204 ( 60,357)

$ 76,045 $ 60,306

The weighted-average discount rate and rate of increase in future compensation levels used in determining the actuarial present value of the projected benefit obligation were 7. 75% and 5.0%, respectively. The actual Jong-term rate of return on assets was 8.0%.

Effective October I, 1985, the Club established a voluntary 401K plan. All non-union employees 21 years and older who have one year of employment with the Club are eligible to participate.in the plan. Under the terms of the plan, the Club can match, at a predetermined rate, the participants' contributions up to an established percentage of the participant's salary. Each participant's total contribution is also limited to the amount established by the appropriate federal income tax regulations. Participants become 100% vested in the Club­matched contributions after three years of service. Contributions to the 401 K plan for the years ended September 30, 1991 and 1990 were approximately $48,000 and $35,000, respectively.

NOTE 6-COMMITMENTS AND CONTINGENCIES: The Club has a non-cancellable operating lease for land at the Country Club

which provides for the following approximate minimum amounts to be paid in the years subsequent to September 30, 1991:

Year ending September 30:

1992 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 49,000 1993 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,000 1994 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,000 1995 .............................. ___ 4~5,_000_

$192,000

23

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Rental expense under this lease for 1991 and 1990 was approximately $49,000 and $47,000, respectively, which includes a provision for an adjustment based upon an increase in the Consumer Price Index, pending the completion of the renegotiation of the rental payment as discussed below.

The Country Club land lease, which is with the City and County of San Francisco (City), includes a provision for renegotiating the rental payments required by the lease for the period of August 26, I 989 through expiration of the lease on August 26, I 996. The City has now informed the Club that it wishes to commence negotiations regarding a possible rental adjustment. Upon completion of the rental negotiations, any increase in the rental payment shall be retroactive to August 26, 1989, which adjustment, if any, management believes would have no material adverse effect on the Club's financial position at September 30, I 991 and 1990. The City has filed suit against the Club, alleging that the Club engages in unlawful discrimination in its membership. The Club has denied the allegation. Although the Complaint does not presently seek monetary damages, it does potentially seek reimbursement of attorney's fees and costs incurred by the City, if the suit is successful. Thus, based upon the opinion of legal counsel, the Club believes that attorney's fees and costs represent the only direct financial liability to the Club from the lawsuit as presently framed and, therefore, the Club believes that the lawsuit will have no material adverse effect on its financial position.

In connection with its defense of the suit by the City, the Club has incurred legal fees in the aggregate amount of approximately $1,034,000 from the commencement of the suit through September 30, I 99 I. Of these costs, $80,000 and $392,000 have been charged to current operations and are included in professional services expense for the years ended September 30, I 991 and 1990, respectively. The balance of $562,000 of legal fees were charged to operations during I 989 and 1988. The Club, based upon advice from legal counsel, believes that these legal costs may be recoverable under its insurance coverages and the Club has filed claims with its insurance carrier for reimbursement of all legal costs incurred in connection with its defense. However, the Club's insurance carrier has denied, to date, the Club's claims for reimbursement.

On January 16, 1991, the Club filed suit against the carrier to recover the legal costs already incurred, and any such costs to be further incurred, in connection with its defense. In July, 1991, the Court ruled in favor of the insurance carrier and the Club is presently appealing that decision. Any amounts that may ultimately be reimbursed will be recognized as income at the time of the recovery.

NOTE 7-LAND LEASE AGREEMENT: a) Hotel land lease agreement: In November, I 982, the Club entered into a

99-year land lease agreement with a real estate developer (500 Post Property Limited Partnership). The lease covers the area adjacent to the City Club property on which the developer constructed a luxury hotel. The agreement provides for the Club to receive base rental payments of $679,200 per year

during the first four years of hotel operations, and the greater of $679,200 or a percentage of gross hotel revenues for each year. Base rentals are to be adjusted every five years, beginning January I, 1989, in accordance with changes in the Consumer Price Index with an upward limitation on such adjustment of twenty-five percent. The agreement also provides that the developer reimburse the Club for the annual real property taxes related to the property.

During 1990, the hotel was sold by 500 Post Property Limited Partnership to the Tokyu Corporation, which assumed the liability for the land lease agreement. All significant terms and conditions of the land lease remain in effect with the Tokyu Corporation.

Gross rentals received by the Club amounted to $834,504 in each of the years ended September 30, 1991 and 1990.

b) Masonic Avenue land lease: The Club also has a land lease with a commercial tenant for certain land which it owns on Masonic Avenue in San Francisco. The lease, which expires on April 14, 2069, provides for annual rentals based upon 6.5% of the appraised value of the land, with appraisals to be performed every ten years until expiration of the lease. Based upon the appraisal done as of April 15, 1990, the annual rental to be received through April 14, 2000 is $412,569, at which time it will again be adjusted as provided by the lease agreement. The tenant is also required to pay all property taxes, levies or assessments.

Gross rentals received by the Club under this lease agreement amounted to $412,569 in 1991 and $240,245 in 1990.

NOTE 8-CONCENTRATIONS OF CREDIT RISK: In compliance with Statement of Financial Accounting Standards No. l05,

"Disclosure of Information about Financial Instruments with Off-Balance­Sheet Risk and Financial Instruments with Concentrations of Credit Risk,"the Club has identified its financial instruments which are potentially subject to credit risk. These financial instruments consist principally of cash deposits, investments in tax exempt money market funds, U.S. Treasury Bills or notes and accounts receivable due from members.

The Club's investments at September 30, 1991 in U.S. Treasury Bills and notes and in tax-exempt money market funds amounted to approximately $6,660,000.

Accounts receivable due from members are unsecured and concentrated in the San Francisco Bay Area; however, concentrations of credit risk with respect to these receivables are limited due to the large number of members.

NOTE 9-RECLASSIFICATIONS: Certain items as reported for September 30, 1990 have been reclassified to

conform with the September 30, 199 I financial statement presentation. Such reclassifications had no effect on 1990 net income or membership equity as of September 30, 1990.

ARTHUR MUHL, OUR OLDEST MEMBER, CELEBRATES HIS 105TH BIRTHDAY AT THE CITY CLUB

24

With him are Mrs. Muhl, left, and Ken Koch, in the rear, who provided the birthday cake. It was Arthur's favorite: yellow sponge with pineapple filling and whipped cream frosting from Victoria.

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THE ATHLETIC DIRECTOR'S UPDATE FOR JANUARY

By Gary Crook

THE LAST TWO MONTHS of 1991 saw an incredible turnout for Olympic Club

athletic activities. With the re-opening of the swimming

pool, use there has been at an all-time high as members want to test the invigo­rating waters. The basketball league had a tremendous surge in sign-ups and now has 20 teams spread over three leagues. The handball Hall of Fame and Christ­mas Doubles Tournament were full subscribed and had all five courts active during the tournament days. Squash 'New Members Night' had 3 to 7 new players each Tuesday night. The morn­ing group workouts given by staff members Paul Quackenbush and Tom Montross were drawing up to 15 members into the gym at 7:00 a.m.

All of these things make me look forward to 1992. I think this will be a most active year in terms of Club members actually participating in a sport or exercise routine. The staff has made available to members many ways to get started and be active in your Club. There is no charge for nay of the following classes.

Tom Montross: Exercise classes at the city clubhouse on Tuesdays and Thurs­days at 7:00 a.m. and 9:30 a.m. in the gym. Also available at the city club on Monday, Wednesday and Friday morn­ings for free weight and Nautilus training programs. Tom's work at Lakeside on Wednesdays and Fridays since October, has proved very popular. He will be at Lakeside on Tuesdays and Thursdays from 11:00 a.m. to 3:00 p.m. Tom can design off-season programs for golfers and tennis players to increase strength, flexibility and cardio-vascular condition­mg.

Paul Quackenbush: Monday and Fri­day mornings at 7:00 a.m. in the gym. Paul conducts a basketball conditioning class. This is aimed at basketball players, but it is open to and helpful for anyone. On other days Paul teaches the cardiofit­ness training classes and weight loss/ nutrition I and II. Small group and individual cardiofitness training classes are always available by contacting Paul at the city club, ext. 218.

Call Him At 775-4400.

Jim Nicosia: Jim teaches the Back To Basics back care classes on the roof on Monday, Wednesday and Friday at 5:30 p.m. Jim is the afternoon and evening cardiofitness instructor who, like Paul Quackenbush, teaches groups or individ­uals in cardiofitness training as well as weight loss. Jim is also our best trained Nautilus instructor who can help you anytime with your Nautilus training program. Contact him at the city club, ext. 218, in the afternoons or evenings.

Ted Drozdowski: Ted's ski condition­ing classes are held at 12:15 p.m. on Monday, Wednesday and Friday on the roof. This is a class for skiers or for those wanting a challenging class. You've never done anything like Ted's 'squat walk' to strengthen you thighs. Renowned in the free weight room, Ted is available for individual training from 12:00 noon to 8:30 p.m. on Monday through Friday. Besides great general conditioning pro­grams, Ted has also done wonders for many people with specific rehabilitative needs. Just ask him. He is in the free weight room of the city club, ext. 246.

Dana Totten: Dana has ongoing swim classes in both the mornings and even­ings. He has been very busy around the pool with the Masters Swim Team, Junior/Juvenile Swim Team, Water Polo Team and the Spin & Swim group. If you want to get started in swimming in our new pool, contact Dana or check the bulletin boards in the pool area for class details. If you do a good workout, you

can then reward yourself with a few minutes in the jacuzzi!

New Record Board: If you have yet to see it, stop by the free weight room and look at the new record board. It may give you some inspiration to shoot for a record at this year's Strength and Fitness Championships.

Cycling: Our cycling team will be active this year in the Bay Area at the category II level ( category II is about as high as you can get while still working a regular job). With the additions of Jeff Clark, Hal Johnson and Paul Solon to the Club's Brain McGuire and Brian Flora, we should make a very strong showing this year. And if any of you basketball types wondered what hap­pened to Ray Arata ... well, he will be cycling right along with them. Ray has worked very hard to get to the Category II level after injuries forced him off the basketball court. My hat's off to Ray for a lot of miles and sweat to stay fit and compete at this level of cycling.

To replace Bill Buckner we have hired John Carey. John will oversee the bas­ketball and Junior/ Juvenile programs. John is a life-long resident of the City who attended Sacred Heart High School. A basketball scholarship took him to Montana for a few years, but he's back now and plans to make this his home. Stop by the gym and welcome John. You can't miss him ... he's 6'6" . . . and the staff can't wait for our rematch in basketball against the water polo team.

SOME CHANGES THE BOARD OF DIRECTORS HAS APPROVED EFFECTIVE JANUARY 1, 1992

Dining room operations. I. The city dining room will be closed for dinners Tuesday evenings. 2. The city grill room will be closed for lunches on January 2, 3, 6, 7 8, 9 and IO. 3. The country club dining room will be closed for lunches on Wednesdays. 4. The country club Vista Bar will be closed on Wednesdays.

Price increases. I. A 3-5% increase in food menu prices. 2. A 5-10% increase in beverage prices. 3. A 5% increase in locker prices. 4. An increase in city club barber and massage prices. 5. A $1 quarterly increase in the Olympian magazine subscription. 6. An increase to $250 in transfer fees for members turning 21. 7. A $10 increase in daily green fees for guests with golf members. 8. An increase in daily green fees for guests without golf members: Ocean Course­

to $90. Lake Course-to $150. 9. An increase in senior golf cart rentals to $9.

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Join the Olympic Club Tennis Section for

LOBS LUNCHES DINNERS

DROP-SHOTS MIXERS

MATCHES TOURNAMENTS

TROPHIES ., --~ CLINICS AND

J CROSS COURT BACKHANDS Now featuring Four Lighted Courts

By Gerry Stratford

CLUBHOUSE & PRO SHOP Hours of Operation

Mon Fri 9am to 6:30pm Sat & Sun 8am - 6:30pm

LESSONS & CLINICS The Tennis Staff offers private and semi­private lessons as well as adult and junior clinics throughout the year. Section mem­bers will be offered discounts from regular rates. The staff consists of Lisa Beritzhoff (Head Tennis Pro) and Byron F. Nepomuceno (Asst. Tennis Pro)

COURT LIGHTING We have installed light standards sur­rounding the first four courts, and will inaugurate evening play in January. Our sheltered courts are now the best outdoor tennis facility in the bay area for late-afternoon and evening play during the winter months. Come to play or sit by the fireplace in our attrac­tive new clubhouse and socialize with Olympian tennis greats of the past, present and future.

26

NOW THROUGH FEB 92 SENIOR LEAGUE PLAY

Olympic Club Teams participate in USIA League Interclub Matches for 50 year & older players against other Northern California teams. Winners advance to Regional Compe­tition. Snacks & Beverages.

FEB2 UC PRO-AM 16 Team event with proceeds to benefit UC Berkeley Women's Tennis Team. Mixed Doubles pairing members with Cal Varsity Women. Lunch & Beverages.

APR4&5 MEN'S MIXER Kick-Off the Spring Season with Men's Doubles Round Robin 3 matches first day, Winner's return for Semi & Final Rounds. Lunch & Beverages. Prizes.

APR 4 TENNIS BANQUET Formal Dinner Dance for Tennis Sec­tion Members & Guests at Lakeside.

APR 22 WOMEN'S MEM/GUEST Woman Tennis Section Member invi­tes non-member guest. Lunch & Bev­erage. Prizes.

APR 27 - JUL 31 USTA LEAGUE Teams participate in Division Matches throughout Bay Area. Teams based on NTRP Rating. Regional & Sectional Playoffs. Snacks & Beverages. One match per week.

MAY2&3 MEN'S DBLS 32 Team draw for each level (AA, A, B, C). Lunch & Beverage. Prizes.

JUN 6 & 7 MEN'S B SNGLS 32 Player event for 3.5 - 4.0 level play­ers. Lunch & Beverage.

JUN 28 TWILIGHT MIXER One Day Social Round Robin Mixed Doubles. Snacks & Beverage.

JUL 11 & 12 MIXED MEM/GUEST Member invites non-member guest. (AA, A, B, C). Lunch & Beverage. Prizes.

AUG16 TWILIGHT MIXER One Day Social Round Robin Mixed Doubles. Snacks & Beverage.

SEP 12 & 13 AGE GROUP SNGLS (30-45, 46-55, 56-65, 66+) Prizes.

SEP 17 - 20 NCTA MEN'S SR. Top ranked Senior players from throughout the bay area participate in this event. Olympic Club members en­couraged to play.

OCT 3 & 4 MEN'S MEM/GUEST (AA, A, B, C) Lunch & Beverage. Prizes.

OCT 24 & 25 TURKEY TOURN End of Tennis Season Men's Doubles Round Robin Tournament. Lunch & Beverage. Many Prizes.

OCT 24 TENNIS BANQUET Formal Dinner Dance for Section Members and Guests at Lakeside.

Section Initiation Fee $600.00 Monthly Dues $24.00

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LOOKING AHEAD TO NEW PROGRESS FOR THE CLUB IN 1992 Paul Kennedy, General Manager

Welcome to 1992. which I am confident will be full of new oppor­tunities and continued growth for The Olympic Club. I am extremely excited to begin the new year as General Manager and will continue to guide the Club to become the finest in the country. I am fortunate to have been with The Olympic Club for the past three years which has allowed me to meet many of you as well as establish friendships. In my new role as General Manager, I will continue to be highly visible at both the city club and Lakeside. I hope this will give me the opportunity to meet those of you I have not formally met. I welcome you to visit my office, say hello and talk about our Club.

I will continue to report to you each month in this column, informing you of current issues and upcoming events. I would like this column to

WGS Continuedfrompage 18

throughout California to explore the fashions needed in its diverse climate. The trip include Napa Valley Wine Country, Lake Tahoe for gambling and night life, Disneyland for fantasy and laughter, Catalina for fun and sun, Carmel for golf and dining, and ended in San Francisco for glamorous and roman­tic nights. The highlight was the Disney­land sequence where a huge Mickey Mouse cavorted along the runway accom­panied by the wide-eyed grandchildren of WGS members to the tune of the Mouseketeers theme song.

The clothes shown came from Robert Gates of Burlingame, Howard's Child­ren's Shop in San Mateo, and The Unique Bride of Burlingame. Members of the WGS modeled the clothes and Chris Stein and Roger De Souza of the Pro Shop contributed their natural talents as male models.

enable me to communicate with all of you so that you may obtain the most from your membership.

If you have not already heard the news, we have two staff changes in the city club dining room. Katie Ciocca, our Dining Room Manager, has accepted a new career oppportunity. Katie has done a wonderful job for us and will be greatly missed. Fortu­nately, we are very lucky to have Michelle Ricci accept the responsibil­ities of Dining Room Manaer, Michelle has been assisting Katie in the dining room and will make a smooth transition into this new role. Congratulations to both Katie and Michelle.

Happy New Year to all of you. Let's make 1992 another terrific year for The Olympic Club.

Boutiques were set up before lunch in the Garden Court where members could buy fancy golf caps and visors, out-of­the-ord inary jewelry, golf clothes, bathing suits, and beautiful silk flower arrangements.

To make the event complete, Chef Jean-Pierre Mercanton provided a wond­erful lunch which everyone enjoyed.

Many thanks go to Millie Lawlor and Ceil Andrews for organizing such a successful, entertaining event.

HALLOWEEN TOURNAMENT Once again Gini Artoux, Helen Butt

and Louise Fontana put on a terrific tournament. There were beautiful deco­rations, lovely prizes, and lots of fun. Members decked themselves out in various costumes and prizes were awarded to Shirley DeRose who came as a wolf, and to Millie Lawlor who was a Red Hot Tomato!

OUR ANNUAL FATHER-SON SKI WEEKEND WILL BE AT STRAWBERRY LODGE AND SIERRA SKI RANCH February 7th, 8th and 9th. □ Two nights accommodations on Friday

and Saturday. D Two all day lift tickets at Sierra Ski

Ranch. D Three meals. Saturday and Sunday

breakfasts and the Saturday night Olympic Club banquet.

□ 25% discount on rentals. Personalized fitting and instruction on Friday night at Strawberry, plus ski movies.

Price: $160 per person. There will be no Club bus service this ·year. Call Nancy Smith at the city club for information.

TWO FINE SPORTS SPECIALS THIS MONTH DON'T MISS A GREAT RUGBY VIDEO SHOW JANUARY 14 Learn all about one of our oldest, and now newest, team activities. Meet the players and coaches.

DON'T MISS TED DROZDOWSKI'S STRENGTH & FITNESS LECTURE JANUARY 22 Nobody knows his field better than this guy. In the Apollo Room at the city club at 6:30 p.m.

IN MEMORIAM

Joseph A. Adams, of San Francisco. died on October 20. He had been a member since 1991.

Mrs. Michael Fehr, of San Francisco. died on October 16. She had been a member of the Women's Social Section since 1987.

Mrs. Douglas J. Pledger, of Hillsbo­rough, died on October 31. She had been a member of the Women's Social Section since 1955.

Mrs. Charles R. Brown, of San Fran­cisco, died on November 16. She had been a member of the Women's Social Section since 1969.

Francis J. M ascarelli, of Ross, died on October I. He had been a member since 1966.

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Page 28: 1,· · Jim Nicosia: Jim teaches the Back To Basics back care classes on the roof on Monday, Wednesday and Friday at 5:30 p.m. Jim is the afternoon and evening cardiofitness instructor

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