the olympic club€¦ · luncheon photos at lakeside clubhouse taken by linda mcculloch. cover....

Jan 2012

No. 01Vol. 100

T H E O L Y M P I C C L U B • S A N F R A N C I S C O

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Cooking Demo and Dinnerwith Lakeside Executive Chef Michael Burns

Friday, March 9, 2012Lakeside Clubhouse6:30pm – 7pm No Host Cocktails7pm – 9pm Cooking Demonstration and Dinner

$40.00 + Tax and Service ChargeDress Code: Business CasualWe are currently taking reservations. Please RSVP online by logging onto www.olyclub.com>Events>March 9th. Reservations are limited to 40 people - reserve your place early!

First CourseAsparagus Risotto with Bay Scallops and Mt. Tam Cheese

Second CourseWild Mushroom Stuffed Tenderloin with Crispy Potatoes and Caramelized Pearl Onions

Third CourseCinnamon and Apple Bread Pudding with Caramel Ice Cream

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AdvertisingFor all inquires about advertising, please contact Bert Keane at

[email protected] or call 415.345.5197

T H E O L Y M P I C C L U B - A M E R I C A ’ S O L D E S T A T H L E T I C C L U B

J A N U A R Y 2 0 1 2 | V O L . 1 0 0 N O . 0 1

SPORTS09 Meet OC’s New Swim Instructor Allison Wagner

10 The Functional Body in Crisis by Tristan Kirchknopf

12 Health Tips from the Flight Deck by Rochelle Lacey

13 2012 Calendar of Events

17 Fresh Faces Break World Record by Laureen Welting

17 Make Good Health a Choice in 2012 by Carmen Solla

18 Year-End Tennis Awards Dinner

26 Junior Olympian of the Year Banquet by John Perez

28 SGA Corner by Brian Holt

MONTHLY FEATURES02 President’s Memo08 AD’s Update14 Monthly Calendars

28 Tee to Green 31 GM’s Report

OLYMPIAN EDITORIAL www.olyclub.comCommunications Director: Julia West ([email protected])

Communications Manager: Linda McCulloch ([email protected])

Graphic Designer/Website Coordinator: Suzanne Scholten ([email protected])

Feature Writers: Gerry Stratford and Brian O’Connor

Contributing Writers & Editors: Steve Clarke, Sam Enoka & Brian Murphy

Photographers: Linda McCulloch, Frank Morse, Michael Mustacchi & Julia West

Collections Manager: Jessica Smith, Collections Manager ([email protected])

Advertising: Bert Keane ([email protected])

OLYMPIAN (ISSN 0030-2163) is published monthly for $49.20 per year (single copies $4.10 each) by The Olympic Club at 524 Post Street, San Francisco, California 94102. Phone 415.345.5100. Periodicals Postage Paid at the Post Office at San Francisco, California. POSTMASTER: Send address changes to The Olympic Club, 524 Post Street, San Francisco, California 94102. For prompt delivery of the Magazine, Olympians should please notify the Membership Department at 524 Post Street, San Francisco, California of any change of address. Telephone Stephen Alsbrooks at 415.345.5211.

GOVERNANCE03 Meet President Jay H. Friedrichs

05 Meet Your New Directors

07 2012 Board of Directors

19 Financial Statements 2010 & 2011

Artist Felicia Forte composed the sketch of 2012 President, Jay H. Friedrichs www.feliciaforte.com. Above & to the Left: Ladies Holiday Luncheon photos at Lakeside Clubhouse taken by Linda McCulloch.

COVER

Fellow Olympians,At my final Board meeting of 2011, I addressed my fellow Board members by recapping the last year with these words, “It has been a wild ride, a ride that included many high points, some challenging times and, of course, the inevitable unexpected.” Please indulge me as I look back on the successes of year and express to all of you my gratitude and appreciation for your contributions in making The Olympic Club the most formidable and best athletic club in the country for the 151st year.

Our final Board meeting in December was also the last meeting for my fellow officers, Don Clay, Brian Davis and Jim Robertson. Much of this year’s successes are due to their devotion, dedication and consistent support and counsel. When faced with challenges, we could rely on each other’s friendship and wisdom, always knowing we had each other’s backs. I will cherish my friendship with each of these fine gentlemen forever.

Likewise, I want to express my appreciation to all the members of the Board, a very talented and dedicated group. We took our role as stewards and fiduciaries of the Club very seriously, but we never lacked camaraderie, good laughs and some high jinx sprinkled along the way. Your Board of Directors implemented many important actions this past year to insure your athletic club stays at the forefront far into future. These accomplishments included:

Renovation and re-launch of the Club’s website: With great results, www.olyclub.com was re-launched so all Olympians can make tee times and dining reservations online, sign up for Club events, receive electronic notifications of upcoming events, while allowing the Club to communicate with up-to-the-minute news not found in the Olympian.

Digital Signage: In addition to the website, five digital signage screens were installed to alert members to important Club notices and events, current news and weather reports.

Member survey: The Board acted internally after realizing that, given our diverse and ever-changing membership, it was time to revise the first strategic plan created several years ago. The Board determined that before beginning it was imperative to hear from the membership and to understand membership priorities now and in the future. Accordingly, we commissioned a survey of the entire active membership. With those results now in hand, the Board then embarked on the process of reviewing and revising our strategic plan for the coming years.

Capital Improvement Projects: Each member’s experience has been enhanced by capital improvement projects completed during this year. They include finalizing the entrance project to Lakeside including renovating the golf Pro Shop to include increased retail square footage and up-to-date enhancements. At the City Clubhouse, with the vision and intention that the Grill Room will become the central meeting place for all Olympians, a formal bar will be added in the Trophy Room, a business center will be established in the Café and funding was approved for the renovation of the Grill Room.

Advancement of the women’s initiative and junior programs: 14 athletic scholarships were approved to create a women’s lacrosse team

PRESIDENT’S MEMO

and entered into the early stages of forming a women’s rugby team. The junior sports program was expanded, including the addition of more AAU basketball teams to meet the growing demand of our junior basketball program.

The refinancing of the City Clubhouse debt: This refinance, which stemmed from the remodeling of the City Clubhouse, will provide stability and certainty to the Club with respect to our financial obligations during times of economic volatility while substantially reducing the annual debt service. This will allow the Club to move forward confidently with other initiatives and programs to benefit the membership.

These achievements are also in large part to due to the dedication and commitment of the numerous members who serve on committees, the core the Club’s governance system. Also, an enormous amount of credit for the seamless, day-to-day operation of the Club must be given to our tireless staff of more than 400, which are each a member of the Olympian family. And I must thank our ever-capable General Manager, Greg DeRosa, who just completed his first full year at the Club. Everyone’s attention to both large scale and everyday efforts are what creates such enjoyment whenever we set foot at either one of The Olympic Club’s facilities.

As I look back, the one common underlying theme evident to me at every athletic and social event I attend is the passion and pride all of you have as Olympians. This passion brings success in all of our endeavors. This success will continue as the Club takes center stage in the world of athletics during the U.S. Open this June. The Club will shine and remind the world that we also happen to be the oldest, and most storied athletic club in the country. I am pleased to report that our traditions are in good hands as I hand the reigns to my very capable successor, your 2012 President, Jay Friedrichs and his talented officers, Vice President John Dooling, Secretary Bart Lally and Treasurer Shawn Dahlem who will represent the Club and us well this year.

In closing, I wish to extend my sincerest thanks and appreciation to my wife Adele and our children Matthew, Peter, Carolyn and Anna. Your support and patience during the year has meant so much too me. To you, my fellow Olympians, I am grateful to have had the privilege and opportunity to meet, work, compete and socialize with you through my service on the Board. I have come to appreciate and respect your love and passion for our Club. I will truly cherish the many fond memories of these past three years. Thank you for them.

Enjoy our wonderful club,

Mark A. Campana

Meet Your New Olympic Club President Jay H. Friedrichsby Brian Murphy

If you’re out at Lakeside for the U.S. Open this June and see a guy who looks suspiciously like new Club president Jay Friedrichs working the practice range as a volunteer, don’t look twice. It’ll be him.

That’s a pretty good way to understand the nature of Friedrichs, an unassuming man who doesn’t need to pull rank on anybody.

“I signed up to be a volunteer before I knew I’d be president,” he said with a small chuckle. “I’m more than happy to do it. I can sort golf balls – it’ll be like building boxes at my Dad’s bakery when I was a kid.”

Friedrichs is proud of his roots – here in the Bay Area, where he grew up a Hayward High Farmer (he once got fellow Hayward High alum Bill Walsh to sign a book with the inscription, “Go Farmers!”), and here at the Club, dating back to 1975 when he joined to fulfill his dream of playing the Lake Course and having an outlet for his “lunatic” passion of long-distance running.

He just never knew his path would lead to the executive office.

The Club has been lurking as a factor in Friedrichs’ life since childhood, when his father took him to a lunch at the City Clubhouse featuring his favorite Kezar Stadium 49ers: Bob St. Clair, Gordy Soltau, Matt Hazeltine and Abe Woodson. Later, as a teenager and professed “golf fanatic,” Friedrichs was able to experience the Club at his father’s “Baker’s Christmas Parties,” where the participants got to play the Ocean Course as part of daylong festivities. His fond memories of following Arnold Palmer around Lakeside during the 1966 U.S. Open only deepened his love for the property. Finally, in 1975, a friend told him that if he joined and bought a golf membership, there would be no wait list.

Access to his childhood dream, the Lake Course, just like that?

“The rest,” Friedrichs said, “was history.”

As a successful financial manager with both undergraduate degrees and an MBA from Stanford, Friedrichs made it happen. He spent many happy years running at the Club – he served as a Running Commissioner in the 1970s – and commuting from his Menlo Park home to play golf until his friend, Ken Rush, convinced him to get more involved. Terms on the Tournament Committee and Golf Committee opened his eyes to the joys of serving the Club.

“If you’d have told me 10 years ago that I’d be president of the Club, I’d have said you were crazy,” Friedrichs said. “But once I got involved with committee work, and understanding the nuances of the Club, I was hooked. It was like drinking out of a fire hose, it was such a steep learning curve.”

“But what I soon realized was: the people you work with here are phenomenal people. It’s just such a great group.”

Jay Friedrichs and his wife Joyce have a blended family of four children. Jason, Andrew, Lisa and Kevin all enjoy athletics, especially running. Marathons, triathlons, and fun, trail and extreme runs are part of the yearly calendar. After years having their family separated during school (Yale, UC San Diego, Vanderbilt and Colorado) and after (as far off as Australia), they are ecstatic to have all their children living back home in San Francisco.

Friedrichs’ 2012 assignments contain one overarching theme: The fifth U.S. Open in Club history.

“The advice I’ve be given is: Just don’t screw it up,” he said, laughing. “But I don’t have to worry – the USGA and our Executive Committee are doing a phenomenal job.”

Dating back to his days playing in the Bakers’ holiday parties, Friedrichs has enjoyed the Ocean Course, and is intent on seeing through a successful re-do of the Ocean Course’s greens complexes.

“Once that is done, we’ll have two of the greatest courses in the state,” he said. “And hopefully the Ocean Course will get the recognition it deserves.”

A big item for the Board is to sift through the data of the Club membership survey sent out this past fall.

Couples from left to right: Jay’s youngest, Lisa (Friedrichs) Abramson and her husband Dave Abramson, Joyce’s youngest, Kevin Jeffery with his fiancé Abra Cranford , Joyce and Jay Friedrichs, Joyce’s oldest, Andrew Jeffery and his wife Maura Pincay-Jeffery , Jay’s oldest, Jason Friedrichs with his wife Kristy (McBride) Friedrichs, and the family dog, Abby. continued on the following page

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Also on the agenda is a tentative plan to re-do the Grill Room and Café.

“We need to take a hard look at what can make this Club successful for the next 50 years,” he said. “Do we need to make changes? Do we need to adapt? The Club is steeped in tradition, yet it is where it is today because it made changes.

“For example, we don’t have family memberships. Should we? Or, maybe we like being an athletic Club. The main thing is, I don’t have a preconceived agenda.

“My agenda is to listen to membership.”

All the while, Friedrichs takes nourishment from his fundamental enjoyment of the Club: the connections he makes. He tells the story of his wife Joyce and him recently attending the basketball game between the Club and New York Athletic Club. He and Joyce know a number of former Stanford athletes and have encouraged them to join the Club. One of them, Julius Barnes, did join and they were excited to be able to see him play.

“We loved seeing him in the game playing for the ‘Winged O’,” Friedrichs said. “As Joyce and I were driving home, she said to me: ‘You know the Olympians are just the greatest group of people. I so enjoy all of them.’

Friedrichs summed up his view of his upcoming term: “You don’t take lightly going on the Board, and I never expected to get elected President. But once you do, you have to appreciate that it’s an unbelievable opportunity.”

“Meet Your New Olympic Club President Jay H. Friedrichs” continued from previous page

Olympic Club New DirectorsPAUL E. GASPARI - Paul was born and raised in San Francisco. He is a graduate of St. Ignatius College Preparatory, earned a B.A. in Government from the University of San Francisco in 1974 and a J.D. from U.C. Hastings in 1977. Paul has practiced law with Tobin & Tobin for 34 years and is Chair of its litigation department.

He joined The Olympic Club in 1989 and has served on the Junior Members Committee, (Chair 2002) and is currently on the Legal Committee. He is a golf privilege holder.

Paul and his family of Olympians live in the Forest Hill neighborhood of San Francisco. His wife, Debora, a Vice President of the Federal Home Loan Bank of San Francisco, is an active member. His son, Andrew, 25, a graduate of the University of Colorado, is a law student at USF and a golf privilege holder. Matthew, 23, is a 2011 graduate of the University of Wisconsin.

MARTIN F. LABAGH - Marty was born and raised in San Francisco. He graduated from St. Ignatius College Prep and USF with a B.S. in Accounting. He worked for SLD, CPA Inc., and as the Controller for the Goodguys. For the past 25 years he has owned and operated Larkins Bros. Tires in San Francisco and Hanlon’s Tire in San Bruno.

Marty joined the Club as a Junior member in 1968, remaining a member till he got married

and moved to Santa Clara. He rejoined in the late 90’s, serving on the Tennis Committee (chair), the House Committee (chair) and is currently on the Admissions Committee. Marty has enjoyed playing on the OC tennis teams, participating in the basketball leagues and playing for the Masters and Golden Masters traveling basketball teams.

Marty and his wife Donna met in high school and have been married for 38 years. They have four children. Justin (graduate UC Berkeley) and Jason (graduate UC Riverside) joined the Club as Junior members. Lauren (graduate CSU Sacramento) resides in San Diego and Aimee (graduate UC Santa Barbara) joined the Club in 2011.

WILLIAM C. LAST JR. - Bill is a second generation San Franciscan. He earned a BA at University of Nevada, a JD at San Francisco Law School and an MBA (Tax) from Golden Gate University. He is a partner in the Law Firm of Last & Faoro, which is located in San Mateo, California. Prior to founding Last & Faoro, he was a partner in multiple San Francisco based law firms.

Bill became a member of The Olympic Club in 1989. He has served on the History and Archives Committee (Chair 2009), Building Committee, Hall of Fame Committee and is currently on the Legal Committee. He has been a member of the Ski & Snowboard Team. He is a golf privilege holder.

Bill resides in San Mateo with Kathy, his wife of 32-years. His two children, Robert, 29, and Sally, 26, are also members of The Olympic Club.

MICHAEL P. STRAIN - Mike was born in San Francisco in 1970 and was raised in Marin County. He attended Santa Clara University and earned a B.S. in Marketing from the Leavey School of Business. Mike has worked in the eCommerce, public sector and charitable foundation arenas for the past 18 years, most recently with the Gymboree Corporation.

Mike joined The Olympic Club in 1989. His father, John, is a 50-year member and his brother and sister are both 20+ year members as well. He has served on the Junior Committee, Athletic Committee (Chair 2007), Hall of Fame Committee and Activities Committee. Since becoming a member of the Club, he has played for the Club’s rugby program and has also played in many of the basketball leagues.

Mike lives in the Richmond District with his wife, Anna. They have four daughters Annika (d. 2006), Katrina (6), Maggie (4) and Stella (2).

Paul E. Gaspari Martin F. Labagh William C. Last Jr. Michael P. Strain

GOVERNANCE 05

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AT L A K E S I D E C L U B H O U S E

“First Friday” Dinners in the Main Dining Room at Lakeside will resume in March. We’ll

feature a prix fixe dinner special, highlighting a different cuisine and paired with selected

wines - along with special entertainment that evening. Of course, all of the items you

would normally find on our ala carte dinner menu will also be available.

M A R C H 2 , 2 0 1 2 - T R A D I T I O N A L I R I S H FA R E

Steamed Mussels with Smithwick’s Red Ale, Shallots, Garlic and Herbs

San Francisco’s Roberts Corned Beef with Steamed Red Potatoes and Buttered Cabbage

Jameson Whiskey Soaked Bread and Butter Pudding with Caramel Ice Cream

$35 Plus tax and gratuity (beverages not included). Dress code is business casual.

To make your reservation, please visit www.olyclub.com>Reservations Tab>Dining

or call 415.404.4300

First Fridays Prix Fixe

2012 Board of Directors

A B O V E : Left to right top to bottom - Jay H. Friedrichs President, John G. Dooling Vice President, Bart F. Lally Secretary,

Shawn G. Dahlem Treasurer, Lydia I. Beebe, Dennis F. Murphy, Roger J. Pytlewski, Edward F. Silicani, Paul E. Gaspari,

Martin F. Labagh, William C. Last Jr., Michael P. Strain

B O A R D

GOVERNANCE 07

2012 and beyondAs we transition to the 2012 calendar year, the fitness staff is gearing up for a great run-up to the mid-June spectacle of the U.S. Open at Lakeside. The City Club schedule and program will be running at full capacity all year. If any of your regular activities at Lakeside are curtailed due to the Open, this is your chance to engage in a fitness training program that complements your golf, tennis or other athletic pursuits. The OC will offer many concurrent nutrition and wellness programs alongside a wide variety of fitness programs.

The City Clubhouse offers quite an extensive array of facilities to handle just about any need. The sixth floor Functional Training Room has all the accoutrements you need. The Club’s fitness trainers can tailor a dynamic fitness program for you, geared towards any endeavor. In addition, City Clubhouse has two traditional strength training circuits perfect for those starting out who want a safe regimented and easy to follow routine. Just head to the sixth floor along the North wall of the solarium and you will find the Techno-Gym circuit. This is a great transition and cool down after a cardio workout in the same room. On the 2M floor near the Singles Squash Courts is the MedX circuit. This circuit has 14 stations and is adjustable to each user’s proportions and works great for those wanting strength training in a quieter environment.

For even greater quietude, head over to the TRX training station outside the Yoga/Pilates and Spin studios. This area includes a Cybex Functional Trainer like the one at Lakeside, a great, golf specific exercise option for members who go back-and-forth between the two clubhouses.

The fitness staff is always asked, “What is the best exercise?” Is it cycling, running, Pilates, soccer? The easy answer is: the best exercise is the one that you will do. Easy enough? I see some, let’s say, “unique” workouts around the Club and my gut feeling is to go help and refine the movements, but I usually hold back. I know that as long as a workout is not damaging, it is best to let people do what they enjoy.

But why not take the workout you prefer and refine it? Start 2012 off with some good advice and instruction from the staff here at The Olympic Club. Use the web site to contact any one of the fitness staff, myself included, and get going with an improved routine. There is no charge for this service.

The New Year will see a change in the Club governance with a new President and Chair positions of all Committees. I would like to personally thank the Chairs I worked with over the last year; Brian Busalacchi of Athletics Committee, Paul O’Driscoll of Junior Committee and Jim Costello of Hall of Fame Committee, for their work and leadership. I think all of them did a great job maintaining many successful programs and working towards the future of the Club by implementing changes in programs. From Athletics, the biggest addition is the new women’s lacrosse team. The women’s lacrosse Commissioner, Juliana Sanguinetti, worked to make this happen for over a year. Now we will all see them in action this year under The Olympic Club banner. Any members who want to play on the team should contact me. I will arrange a meeting at one of the first team practices in the spring as we do need some depth on the team.

On the Junior Committee front, there will be new fitness classes in yoga, spinning and martial arts for Junior Members running until the Summer Camp program kick off. The Hall of Fame Committee transitioned the induction ceremony to the Hall of Fame Room, which proved to be a great decision as there was no more touching moment than when the selected athletes added their names to the Hall of Fame’s wall.

- Gary Crook

AD’S UPDATE

NEWS 08

Mother-Daughter

Squash Yoga Pilates Nutrition Tastings Strength Goal Setting

RSVP Rebecca Rober tson – RRober [email protected]/415.345.5208 or olyclub.com>events

Start fresh in 2012 and learn together

from the OC �tness sta� about exercise, nutrition

and wellness. Support each other as you enjoy a

day of healthy activity and fun. �is event is

limited to 20 attendees.

Health DayHealth Daysaturday, jan 28th from 9am-1pm

A Free City Clubhouse Event

Meet OC’s New Swim Instructor Allison Wagner

Allison is the 1996 Olympic Silver Medalist in the 400 Individual Medley. She is also the former owner of the 200 IM short course meters world record,

one of the longest-standing world record in the sport of swimming (14 years), a 13-time National Champion, and a NCAA Champion. Allison has taught swim technique for 15 years and helps swimmers improve efficiency, optimize their experience in sport, and rehabilitate injuries through correction of movement patterns. Join Allison in the pool to learn new techniques for improved efficiency and speed, and increase your enjoyment of swimming!

[email protected] | 415.345.5237

Speaker Luncheon

Anthony M. Kennedy was born in Sacramento, California. He received his B.A. from Stanford University and the London School of Economics, and his LL.B. from Harvard Law School. He practiced law in San Francisco and Sacramento from 1961–1975. He was appointed to the United States Court of Appeals for the Ninth Circuit in 1975. Justice Kennedy was nominated as an Associate Justice of the Supreme Court by President Reagan and took his seat February 18, 1988.

Cost $35.50 plus tax and service charge, includes lunch. Purchase a table of 8 and receive 10% off. Members are encourage to bring guests.

Dress: Business Casual, no denim.

Cancellations must be made by 12pm, Tuesday, February 7th.

Anthony M. Kennedy

Associate Justice of the U.S. Supreme Court

Tuesday, February 14 at 12pm, City Clubhouse

RSVP: Signup online www.olyclub.com > events > February 14th

SPORTS 09

OC Fitness

The Functional Body in Crisis

The human body is a wondrous thing, the product of millions of years of evolutionary selection and adaptation to change. Witness any professional athlete performing his or her sport and behold the wonder of its capabilities. Precision, power, grace, endurance, strength, and creativity are just a few of the many things that it can do. Think about our ancient ancestors as they struggled to survive. They constantly had to move: walking, running, climbing, digging, hunting, gathering, running from predators, or chasing prey and surviving the elements could all be a part of a day’s work. This was the crucible from which our bodies were molded!

As wondrous, rugged and adaptable as the human body is, why today does it seem so fragile and prone to joint related break downs, degenerative disease and pain? Why are joint related surgeries and joint replacement surgeries dramatically on the rise? How has such a rugged structure become so frail and problematic in seemingly just a few generations of time? How have millions of years of natural selection and evolutionary development, which even science and technology at their very best can only crudely replicate, gone so awry? If you don’t believe me, just take a good look around you. Watch those around you move and listen to them speak about their bodily aches and pains. In some conversations, they’re all people talk about.

What is muscle imbalance?While almost everyone acknowledges and understands the benefits of proper exercise and diet, few understand the importance of good posture and muscle balance. Muscle balance is the relative equality of muscle length or strength between opposing muscles surrounding a joint; this balance is necessary for normal movement and function. Muscle imbalance often begins after injury or with functional pathology leading to pain and inflammation. Muscle imbalance in today’s society is compounded by stress, fatigue and insufficient movement through regular physical activity as well as a lack of variety of movement. Lack of variety contributes greatly to imbalance and repetitive movement disorders.

In the United States alone, musculoskeletal conditions account for approximately $254 billion a year in associated healthcare costs, lost productivity and medical research (United States Bone and Joint Decade 2002). This means that human dysfunction, misalignment and associated pain cost the U.S. more than $695 million per day. Certainly these conditions weigh heavily on the economy, but—more importantly—their profound and dramatic effects are causing many people to suffer.

Most people in our society are becoming increasingly sedentary due to automation and technology. It took millions of years for humans to stand upright and only about the last 50 to spend most of the day hunched over again at a computer, driving or watching television. This leads our bodies not only toward obesity, but also muscular weakness and imbalance, as well as compensation and movement dysfunction. As we human beings have become smarter and more efficient at using tools, we move less and our specially adapted bodies are doing much less of what they were designed to do. Those that are active today often repeat the same movement patterns i.e., biking, running, swimming, etc., subjecting them to repetitive overuse injuries and muscle imbalances. Compared to our ancestors, our bodies are not getting the regular physical activity, and, more importantly, the diversity of movement stimulus needed to stay balanced and functional.

What does muscle imbalance do to the body?The process of muscle balance and movement is thought to be directed by an interconnected sensorimotor program that regulates function throughout the body. Balance of muscles about a joint is necessary to aid ligaments in providing joint stability and equalize pressure distribution at the joint surface(s). Our

by OC Fitness Instructor Tristan Kirchknopf, M.A., C.S.C.S., PAS II, FMS specialist certified

The Functional Body in Crisis

sedentary lifestyles, pain and injury cause communication deficits within this sensorimotor system which delays the protective muscular responses of reflexive joint stabilization, affecting alignment and balance that are critical for proper joint function, overall body posture and the long term health of the joint(s). Over time, this imbalance becomes centralized in the Central Nervous System (CNS) as a new motor pattern, thus continuing a cycle of pain and dysfunction.

Left unchecked these changes get worse with time. In best case scenarios, this leads to increasingly inefficient movement, excessive wear and tear to the joint and joint surfaces; at worst, there is excessive, painful joint surface erosion leading many to have joint replacement surgery. These surgeries are a very poor substitute to replace what we were born with. Ultimately surgery does nothing to correct the real problem: the imbalance. If the uncorrected imbalances remain, in time the joint above and or below the replaced joint, could and often do follow suit. The problem is the pain is only a symptom of the problem and not the cause. Therefore joint replacements don’t resolve the problem only the symptom. This can easily be avoided if the proper movement and postural assessment, testing and corrective therapies are applied early.

How can we fix muscle imbalance?While muscular imbalances cannot be corrected with regular exercise and stretching, they can be fixed. For correction to take place and to minimize permanent soft tissue damage, the imbalances need to be identified early and corrected by a trained professional, otherwise they will only be reinforced and exacerbated with continued exercise and training. To address this growing problem, more and more qualified professionals, including physical therapists, exercise physiologists, doctors and biomechanics specialists are entering the corrective-exercise and fitness arena. They are developing new and more effective ways of assessing and correcting imbalance.

In closing, if you have any further questions or concerns about this topic or just want to improve your quality of movement please contact me at [email protected] or 415.345.5194. I specialize in designing customized programs to correct postural alignment and musculo-skeletal imbalances to minimize injury and maximize performance. In my work, I combine posture and movement corrective modalities with an extensive strength and conditioning background to provide my clients with an optimally functioning body that is balanced, strong and pain free.

INFO: Rebecca Robertson 415. 345. 520 8 | rrober [email protected]

FITNESS

10-11AM, MON + WED

Sr. Cycling & Strength10-10:50AM, MON + WED + FRI

Water Conditioning

11-11:30AM, FRI Yoga Therapy11-11:30AM, WED Stretch & Roll

9-11AM, TUE + THUR Senior Circuit

CLASSES

FOR SENIORSat City Clubhouse

MacCorkle Insurance Service is a progressive, full service insurance brokerage firm. We offer single vendor convenience, and use a variety of insurance markets including ACE; helping to provide you the most time and cost effective coverage for all your insurance needs.

“With well over 40 years in the Insurance industry, my association with MacCorkle and the quality and resources of the staff; have allowed me to help a number of Olympic Club Members with both business and personal insurance needs. For all your needs, please feel free to contact me direct: (650) 227‐7262 or [email protected]”.

• Employee Benefits

• Commercial Business Insurance

• Home & Automobile Insurance

• Individual Life Insurance

Bill Beasley, CLU Vice President, MacCorkle & Former Olympic Club President

SPORTS 11

Health Tips from the Flight Deck by Rochelle Lacey, MS, RD, ACSM-HFS, Olympic Club Consulting Dietitian

Fleet Week honored and thanked our Armed Forces for their contributions here in San Francisco. The jaw-dropping Blue Angel flybys were spectacular. On the ground, spirits soared. I had the unique opportunity to talk with Jeff Hancock, a former F-18 fighter pilot, Top Gun graduate and human performance expert who has worked with members of the Blue Angels. Mr. Hancock provided a unique perspective on Sport Psychology from one of the fastest paced and dangerous occupations in the world. Here are a few of his tips to help you stay on target with your health goals in 2012.

Set Internal Conditions: Maximum performance requires a good set of internal conditions (i.e. eating right, managing stress and getting adequate sleep). Research reveals that sleeping (8 hours) and eating are entirely under your control and account for about 80% of your performance. Setting an alarm for bedtime will ensure you get a good night’s rest (+8 hours).

Make Powerful Decisions: A fighter pilot makes powerful decisions to achieve the mission and these decisions often involve risk of death. As athletes we make decisions based on our identity and our values. Your personal best is real and achievable. It is important to make powerful decisions and commit to the highest valued ones entirely. Reclaim the elements in your personal life that are under your control like sleep, food, calendar, financial spending, and minute by minute decisions through every part of the day.

Planning and Briefing: Building a detailed plan will condition you to reach your goal. Most successful people will visualize as many details about the goal as possible. They will also think through alternate scenarios (what ifs) and how to overcome these. Ideally, they will discuss the plan and brief it to other people.

Compartmentalize: Surface-to-air missiles that are not guiding on your aircraft may not get you, but they may distract you from your mission and lead to your failure. The human brain is a linear processor and technically does not multi-task. In many cases, the brain can take minutes to get back onto your task if you switch to another. It is important to keep your attention focused on the vital tasks and minimize brain time spent away from them. In a competition, this is essential. For cyclists the attention must first be dedicated to safety and monitoring it frequently. In a pack of cyclists, almost all of your attention should be on maintaining a safe position and helping the pack stay clear of danger. It is not the time to take your mind away to other places or allow distractions. A tennis player serving or receiving should focus 100% on the task at hand for success, not the last serve. You must be present to win.

Fly with a Wingman: A fighter pilot never flies alone. They always pair with someone with more experience. There is power in working

together, so enlist the help of a mentor, coach, and/or teammate. They will make you better than you can be by yourself.

Debrief: Fighter pilots review every word spoken, maneuver performed, and button pushed after flights. It is called the “debrief.” They look for errors and figure out how to perform better next time, even if they won. Discussing (i.e. debriefing) with experts is one of the most powerful ways to make successful improvements.

To Jeff and our Olympian veterans, thank you for serving our country and protecting our nation.

For non-athletes, here are a few simple wellness tips to start 2012 off in the right direction.

1. DRINK WATER – Start first thing in the morning and sip throughout the day.

2. AVOID PROCESSED FOODS - Say “No” to anything that needs an advertisement.

3. EAT LOCAL REAL FOOD - Think food with one word: eggs, chicken, veggies, fruit, nuts – you get the picture.

4. DECREASE YOUR STRESS Stress adds pounds. Find simple ways to cut out obligations and commitments that don’t support your health goals.

5. SLEEP - 7-9 hours – Get a comfortable mattress, set your bedtime alarm clock, and shut off all IT/TV one hour before bedtime.

As Leonardo DeVinci stated so eloquently, “Simplicity is the Ultimate Sophistication.” In all truth, simplicity is the key to ultimate health and wellness.

Finally, be on the lookout for details about our next farm tour outing. This is a joint venture with the Metropolitan Club and Pacific Union Club. The last one was a great success and we hope that you will join us for another wonderful day filled with cooking demos and seasonal recipes the entire family will enjoy.

For details about future Farm Tours, to contact Jeff and/or to schedule an appointment, contact me at [email protected] or 415.345.5248.

Yours truly in health, Rochelle Lacey

JANUARY01 SU Hike & Dip (Lake)07 SA President’s Ball (Lake)20 F Crab Feed (City)21 SA Crab Feed (City)27 F Crab Feed (Lake)28 SA Crab Feed (Lake)FEBRUARY03 F Crab Feed (Lake)04 SA Crab Feed (Lake)10 F Crab Feed (Lake)11 SA Crab Feed (Lake)17 F Crab Feed (City)22 W Theater Night - Mamma Mia (City)24 F Crab Feed (City)25 SA Crab Feed (City)MARCH09 F Cooking Demonstration (Lake)TBD March Madness in Grill with Microbrew Tasting (City)APRIL08 SU Easter Celebration (Lake) (City)18 W Theater Night - Spamalot (City)MAY13 SU Mother’s Day Celebration (Lake) (City)TBD Winemaker Dinner (City)

JUNE02 SA Cutino Awards (City) 04 M Clubhouse Closes to Members in

Preparation for the U.S. Open (Lake)11-17 U.S. Open Golf Championship (Lake)20 W Theater Night - Green Day American Idiot

(City)22 F Clubhouse Reopens to Members (Lake)27 W Theater Night - Green Day American Idiot

(City)30 SA Independence Day Celebration (Lake)JULY18 W Theater Night - Les Miserables (City)AUGUST08 W Theater Night - Les Miserables (City)SEPTEMBER5 W Theater Night - War Horse (City)TBD Hall of Fame Induction (City)TBD Monday Night Football, Grill Bar (City)OCTOBER05 F Multi-Vintner Wine Tasting (Lake)TBD Oktoberfest Event (City)NOVEMBER02 F Father/Daughter Night (Lake)03 SA Father/Daughter Night(Lake)04 SU Father/Daughter Night (Lake)

2012 Social Events at Lakeside & City Clubhouse

2012 Athletics, Golf & Tennis Events

09 F Tennis Banquet (Lake) 10 SA Father/Daughter Night (Lake)11 SU Father/Daughter Night( Lake)13 TU Committee/Commissioner Dinner

(Lake)22 TH Thanksgiving Day Celebration (Lake)22 TH Thanksgiving Day Celebration (City)TBD Winemaker Dinner (City)DECEMBER05 W Ladies Holiday Luncheon (Lake)07 F SGA Dinner Dance (Lake)14 F Holiday Party (Lake)15 SA Holiday Party (Lake)15 SA Kid’s Christmas Party (City)16 SU Kid’s Christmas Party (City)21 F Holiday Party (Lake)22 SA Holiday Party (Lake)22 SA Kid’s Christmas Party (City)23 SU Kid’s Christmas Party (City)25 TU Christmas Day Celebration (City) (Lake)31 M New Year’s Eve Celebration (Lake)TBD Holiday High Tea (City)TBD New Years Eve (City)

GOLF For a projected 2012 schedule of Golf events, please visit www.olyclub.com>Sports>Golf: MHGP, SGA, WSGPS and WGN.

TENNISFor a projected 2012 schedule of Tennis events, please visit www.olyclub.com >Sports>Tennis

ATHLETICSFor a projected 2012 schedule of Athletic events, please visit www.olyclub.com>Events>Athletic Events

B U S I N E S S D I R E C T O R Y

The OC will be launching an online Business Directory during the first quarter of 2012. The online business directory is available for all member businesses and is free. The directory will display member name, title of business, physical address and phone number. For a nominal fee members can opt for the deluxe version and display all of the above information plus a website address, a 500 character description and a logo or photo. Look for more details in the next Olympian!

ONLINE MEMBER-TO-MEMBER!Mr. Robert W. Gaul passed away November 4, 2011

Member since 1957

Mr. C. Harold Caulfield Jr. passed away November 12, 2011 Member since 1939

Mrs. Jean C. Lawson passed away November 18, 2011 Member since 1998

Mr. Richard L. Bechelli passed away November 23, 2011 Member since 1961

IN MEMORIAM

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 NEW YEARS DAY

• Lakeside Clubhouse Main Dining Room Closed for Brunch and Dinner; Hike & Dip, Meet at Ocean Beach at 7:30am, Buffet at 9am at Lakeside

• Golf Holiday Schedule; No guests on Lake and Guests on Ocean after 12:30pm

2• Lakeside Clubhouse Grill Room

Open for Breakfast and Lunch 7am-2:30pm, Grill Bar open 11am-7pm


• Tennis USTA Senior’s League Begins

3• Lakeside Clubhouse Closed

4• Handball Beginner’s Handball

Clinic, 6-7:30pm

5 6• Tennis Championship Squad

(Tournament Level Players), 4-6pm; Future Stars (10 and Under Players), 4-6pm

7• Lakeside Clubhouse President’s Ball

Honoring Mark and Adele Campana; Cocktails at 6:15pm, Dinner at 7pm, Dancing until midnight; New Member Tour, 10am - Meet in the Clubhouse Lobby, 10-11am

• Tennis PeeWee Clinic (ages 5-7), 1-1:45pm; Future Stars (ages 7-9), 2-3pm

• Ski & Snowboard Race 1, Giant Slalom at Alpine

8• Tennis Intermediate Drop-In Clinic,

11-12:30pm


• Water Polo Men’s Winter Tournament; Sutter Pool, 8am-8pm

9 10 11• Handball Beginner’s Handball

Clinic, 6-7:30pm


(Tournament Level Players), 4-6pm; Future Stars (10 & Under Players), 4-6pm

14• Tennis PeeWee Clinic (ages 5-7),

1-1:45pm; Future Stars (ages 7-9), 2-3pm


11-12:30pm

16 MARTIN LUTHER KING JR. DAY

• Lakeside Clubhouse Grill Room Open for Breakfast and Lunch 7am-2:30pm, Grill Bar Open 11am-7pm




Clinic, 6-7:30pm

• Tennis Senior Smashers, 9am, 2 Courts

19• City Clubhouse Mark Twain

Literary Group Discussion of “Swann In Love” by Marcel Proust, 6:30pm at the French Club

• City Clubhouse Annual Running/Triathlon Awards Banquet, Hall of Fame Room, Cocktails at 5:30pm, Awards at 6:15pm, Dinner at 6:45pm in the Main Dining Room

20• City Clubhouse Crab Feed; No-

Host Cocktails at 6pm, Dinner at 7pm

• Lakeside Clubhouse Dance to the music of Hot House Swing, 8:30-11:30pm.

• Tennis Championship Squad (Tournament Level Players), 4-6pm; Future Stars (10 & Under Players), 4-6pm

21• City Clubhouse Crab Feed; No-Host

Cocktails at 6pm, Dinner at 7pm


• Basketball Women’s Winter League Evaluations

• Swimming The Olympic Club 1500 Meter Meet; Sutter Pool, 7-4pm


11-12:30pm


23 CHINESE NEW YEAR

• Basketball Women’s Winter League Begins

24 25• City Clubhouse Member

orientation tour - for new and existing members, Club Room Lobby Level, 5:30-6:30pm

• Handball Beginner’s Handball Clinic, 6-7:30pm

26 27• Lakeside Clubhouse Crab Feed;

No-Host Cocktails at 6pm, Dinner at 7pm, Dancing at 8:30pm


28• Lakeside Clubhouse Crab Feed;



• Ski & Snowboard FWSA Ski Week & FWRA races through February 4th

• Water Polo Women’s Winter Tournament; Sutter Pool, 8am-8pm

• Fitness Mother-Daughter Fitness Day at City Clubhouse, 9am-1pm


11-12:30pm

30• Tennis USTA Team Registration

Begins

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Events selected by the Junior Committee for Junior attendance

JANUARYwww.olyclub.com

Triathlon Schedule Mon: Masters Practice (Sutter) 6-7:30am

Tue: AM Runners 6am, Leaves from Sutter Street Garage, Core

Conditioning Post Street Gym, 7am

Wed: Masters Practice (Sutter) 6-7:15am, Triathlon Team & Cycling

Team, 3rd Floor, 7:15am

Thu: AM Runners 6am, Leaves from Sutter Street Garage

Fri: Masters Practice (Sutter) 6-7:30am

Sky & Post Street Gym Schedule Mon: Noon Ball Open Gym (Sky) 12-1pm, “C” League (Sky & Post)

6-9:30pm

Tues: Morning Crew 6:30-7:30am, Noon Ball Open Gym (Sky) 12-

1pm, “B” League (Sky & Post) 6-9:30pm

Wed: Noon Ball Open Gym (Sky) 12-1pm, “A” & “B” League (Sky &

Post) 6-9:30pm

Thurs: Morning Crew 6:30-7:30am, Noon Ball Open Gym (Sky) 12-

1pm, “C” & “O45” League (Sky & Post) 6-9:30pm

Fri: Noon Ball Open Gym (Sky) 12-1pm, Women’s National Team

Practice (Sky) 6-8:30pm

Sat: Morning Crew (Sky) 7-8:45am, Open & A Team Practice (Sky)

9-11am

Sun: Masters and Golden Masters Practice (Sky & Post) 8:30-

10:30am

Aquatics ScheduleMon: Masters Practice (Sutter) 6-7:30am, 12-1pm, Water Condi-

tioning (Natatorium) 10-10:40am, Jr. Swim Team Practice (Sutter)

4-6:30pm

Tues: Masters Practice (Sutter) 12-1pm, 6-7pm, Jr. Swim Team

Practice (Sutter) 4-6:30pm, Women’s Water Polo Practice (Sutter)

7-9pm

Wed: Masters Practice (Sutter) 6-7:15am, 12-1pm, Water

Conditioning (Natatorium) 10-10:40am, Jr. Swim Team Practice

(Sutter) 4-6:30pm, Men’s Water Polo Practice (Sutter) 7-9pm

Thurs: Masters Practice (Sutter) 12-1pm, 6-7pm, Jr. Swim Team

Practice (Sutter) 4-6:30pm

Fri: Masters Practice (Sutter) 6-7:30am, 12-1pm, Water

Conditioning (Natatorium) 10-10:40am, Jr. Swim Team Practice

(Sutter) 4-6:30pm, Jr. Water Polo (Sutter) 4:30-6:30pm

Sat: Masters Practice (Sutter) 8-10am, Jr. Swim Team Practice

(Sutter) 9:30-11am

Events selected by the Junior Committee for Junior attendance

Sunday Monday Tuesday Wednesday Thursday Friday Saturday

1 NEW YEARS DAY

• Lakeside Clubhouse Main Dining Room Closed for Brunch and Dinner; Hike & Dip, Meet at Ocean Beach at 7:30am, Buffet at 9am at Lakeside


2• Lakeside Clubhouse Grill Room

Open for Breakfast and Lunch 7am-2:30pm, Grill Bar open 11am-7pm


• Tennis USTA Senior’s League Begins



Clinic, 6-7:30pm


(Tournament Level Players), 4-6pm; Future Stars (10 and Under Players), 4-6pm

7• Lakeside Clubhouse President’s Ball

Honoring Mark and Adele Campana; Cocktails at 6:15pm, Dinner at 7pm, Dancing until midnight; New Member Tour, 10am - Meet in the Clubhouse Lobby, 10-11am




11-12:30pm



9 10 11• Handball Beginner’s Handball

Clinic, 6-7:30pm


(Tournament Level Players), 4-6pm; Future Stars (10 & Under Players), 4-6pm

14• Tennis PeeWee Clinic (ages 5-7),

1-1:45pm; Future Stars (ages 7-9), 2-3pm


11-12:30pm

16 MARTIN LUTHER KING JR. DAY

• Lakeside Clubhouse Grill Room Open for Breakfast and Lunch 7am-2:30pm, Grill Bar Open 11am-7pm




Clinic, 6-7:30pm

• Tennis Senior Smashers, 9am, 2 Courts

19• City Clubhouse Mark Twain

Literary Group Discussion of “Swann In Love” by Marcel Proust, 6:30pm at the French Club

• City Clubhouse Annual Running/Triathlon Awards Banquet, Hall of Fame Room, Cocktails at 5:30pm, Awards at 6:15pm, Dinner at 6:45pm in the Main Dining Room

20• City Clubhouse Crab Feed; No-

Host Cocktails at 6pm, Dinner at 7pm

• Lakeside Clubhouse Dance to the music of Hot House Swing, 8:30-11:30pm.


21• City Clubhouse Crab Feed; No-Host

Cocktails at 6pm, Dinner at 7pm


• Basketball Women’s Winter League Evaluations

• Swimming The Olympic Club 1500 Meter Meet; Sutter Pool, 7-4pm


11-12:30pm


23 CHINESE NEW YEAR

• Basketball Women’s Winter League Begins

24 25• City Clubhouse Member

orientation tour - for new and existing members, Club Room Lobby Level, 5:30-6:30pm

• Handball Beginner’s Handball Clinic, 6-7:30pm

26 27• Lakeside Clubhouse Crab Feed;



28• Lakeside Clubhouse Crab Feed;



• Ski & Snowboard FWSA Ski Week & FWRA races through February 4th

• Water Polo Women’s Winter Tournament; Sutter Pool, 8am-8pm

• Fitness Mother-Daughter Fitness Day at City Clubhouse, 9am-1pm


11-12:30pm

30• Tennis USTA Team Registration

Begins

31

H O U R S O F O P E R A T I O N

city clubhouse 415 345 5100Clubhouse: Mon - Fri: 5am - 11:30pm Sat & Sun: 6am - 9pmAthletic Facilities: Mon - Fri: 5am - 11pm Sat & Sun: 6am - 8:30pmCafe: Mon - Fri: 6:30am - 10pm Sat & Sun: 8am - 8pmGrill Bar: Lunch: Mon, Tue & Fri 11:30am-2pm

Beverage Service: Mon - Fri 4-11pm, Sat 1-8pmMain Dining Room: Lunch: Wed-Thu 11:30am-2pm Dinner: Wed 6-9pm (A la Carte)- Piano Entertainment,

Thurs 6-9pm (Buffet) - Piano EntertainmentMassage: Mon - Fri: 11am-7pm Sat: 10am-5pm Sun: 11am-5pmSport Shop: Mon & Tue: 10:30am - 7pm Wed & Thu: 7am - 8pm Fri: 9:30am - 6pm Sat: 9am - 2pm Sun: 9am - 2pmBarber: Mon - Fri: 9am - 5pm Sat: 11am - 2pm

lakeside clubhouse 415 404 4300Clubhouse: Tues - Sun: 6am - 10pm (except Friday, open until 11:30pm)Main Dining Room: Breakfast: Sunday Brunch 10am - 1:30pm Lunch: Tues & Fri 11:30am-2pm Dinner: Fri (a la carte) 6-8:30pm dancing Garden Court 8:30 -

11:30pm (see calendar for band schedule), Sun (buffet) 5 - 7:30pm Grill Room: Breakfast: Sat, Sun & Holidays 7 - 11am Lunch: Wed-Fri, Sun & Holidays 11am - 2:30pm, Sat 11am - 3pm Grill Bar: Beverage Service: Tues - Fri 11am - 8pm, Sat & Sun 8am -8pm Main Bar: Beverage Service: Tues 11am - 2:30pm, Fri 11am - 2:30pm &

5 - 11:30pm, Sun 9:30am - 9pm Massage: Sat & Sun: 7am - 3pm

(707) 433-1909 www.martoranafamilywinery.com

Exclusive Offer

15% off any wine purchase

Olympic Club Members, Family & Friends

Estate grown wines from Dry Creek Valley

A Family of Olympians

Same Family Since 1912

How were we to know that a young crew of fifteen former college swimmers who travelled to Long Beach for the Southern Pacific Masters Championships would collectively win 28 first place titles and break a world record?

The 400 meter freestyle relay team was made up of John Dorr, Erin Reilly, Brooke Bishop, and Trent Holsman, three former CAL Berkeley swimmers and one former Stanford swimmer, who broke the world record time with a 3:44.04. The three medley relay teams won their events as well.

The Olympic Club dominated the meet recording many of the fastest times of all the swimmers in their respective events. John Dorr had the fastest 50 free time of all the swimmers. Rookie Mark Eckert won the 100 backstroke, 50 backstroke had the fastest time of everyone as well. Fiona O’Donnell-

This year make your New Year’s resolution happen with the right attitude, support, planning and guidance. The OC fitness staff would love to help you attain your fitness goals and help you continue on the journey to amazing, vibrant health. As you know, health is not limited to a certain month (January) or one goal (those extra 10lbs). It is a lifetime journey and an inventory of all our working parts: strong heart - check, fit muscles - check, nourished bones - check, low cholesterol - check, reduced stress - check ......You get the idea.

Health is a matter of choice – the choice to invest time, seek the right help, not skip workouts and see your goals through. Getting in better shape is rarely because we do not have the time, but more often it is because we do not make the time. Often people do not realize that

Fresh Faces Break World RecordOC Swimmers Excel in Final Meet of the Seasonby Laureen Welting

spending 15-20 minutes exercising daily is much better then one or two hours weekly.

This year, let your fitness staff support you in fullfilling your fitness resolutions. Beverly Adamo says, “It’s not about the time, it’s about choice. How are you spending your choice?”

To get healthy, fit and strong is a choice that positively influences everyone around us. Good habits are contagious. Let’s get everybody catching it in 2012!

Have a happy and healthy New Year!

Fitness Evaluation & Program DesignPlease contact our fitness team to go over your goals.

Rebecca Robertson, Fitness Programs Director [email protected] | 415.345.5208

Carmen Solla, Fitness Instructor [email protected] | 415.345.5283

Jim Nicosia, Fitness Instructor [email protected] | 415.345.5188

Beau Richardson, Fitness Instructor [email protected] | 415.345.5242

Tristan Kirchknopf, Fitness Instructor [email protected] | 415.345.5194

McCarthy won the 50 back while Erin Reilly had the fastest 100 butterfly in the meet. Martin Malasky, Chris Talbott, and Mark Eckert were all rookies with great results. It was a perfect day to end the short course season and watch some new Olympians make their debuts.

Trent Holsman, Brooke Bishop, John Dorr and Erin Reilly (left to right ) broke the World Record in the 400-meter freestyle relay with a time of 3:44.04.

Make Good Health a Choice in 2012by Carmen Solla

SPORTS 17

Available areas at Lakeside for Junior members 8 – 13 years of age are:- Grill Room when accompanied by an Active member- Main Dining Room when accompanied by an Active member- Special Events when accompanied by an Active member- Subbasement Shower and locker area for males only when accompanied by an Active member- Women’s locker room and shower areas for females only when accompanied by an Active member

did you know?

Available areas at Lakeside for Junior members 14 – 17 years of age are:- Grill Room- Fitness area when accompanied by an Active member- Main Dining Room when accompanied by an Active member- Snack Stand- Subbasement Shower and locker area for males only- Swimming Pool when accompanied by an Active member- Women’s locker room and shower areas for females only

Year-End T E N N I S A W A R D S D I N N E R

Top Row: Brett Baker, Dylan Bird, Dave Smith, and Tim Maguire; Dick Wiegner accepting the inaugural Dick Bechelli Award on the namesake’s behalf from Club President Mark Campana Bottom Row: USTA Players of the Year – David McCallum and Christy La Pierre; Club Singles Champion – Albert Chang and his wife Ming; TJ & Mikelynn Leverte, and Yola & Bora Ozturk

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Dear Olympian,

I am pleased to report the financial results for the Club for the year ended September 30, 2011. The audited financial statements are included in this Olympian and I encourage you to read those financial statements, including the notes thereto.

Each year in the budgeting process, it is the goal of the Board, Finance Committee and Club management to produce a “break-even” operating budget for the ensuing fiscal year. In years that operating revenues exceed expenses, or where the expenses exceed revenues, the difference is allocated to or from capital reserves.

At the conclusion of fiscal year 2011, the Club’s revenues exceeded expenses by more than $500,000. The $500,000 was allocated to capital reserves.

The charts below set forth the operating and the capital financial results for fiscal year 2011. The amounts are exclusive of non-cash changes.

Brian DavisTreasurer

Financial Statements and Independent Auditors’ ReportSeptember 30, 2011 and 2010

Operating Revenues

Capital Revenues

Operating Expenses

Capital Expenses

operating revenues$19.5 million

member dues $16 million

54.9%

45.1%

salaries & wages$21.5 million

cost of revenue $3.6 million

funds allocated to capital improvements & reserves

$.5 million

operating expenses$9.9 million

60.6%

27.9%

1.4%

10.1%

rental income$2.0 million

funds allocated from operating activities$.5 million

member dues allocatedto debt service

$3.2 million

initiation fees/golf privileges$4.4 million

4.9%

31.7%

43.6%19.8%

net interest expense$3.7 million

funds allocated to capital

improvements & reserves

$5.6 million

income taxes$.7 millionother administration

costs$.1 million

1%

55.5%

6.9%

36.6%

Year-End T E N N I S A W A R D S D I N N E R

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Independent Auditors’ Report

THE BOARD OF DIRECTORS THE OLYMPIC CLUB San Francisco, California

We have audited the statements of financial position of THE OLYMPIC CLUB (the Club) as of September 30, 2011 and 2010, and the related statements of revenues, expenses and changes in 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 auditing standards generally accepted in the United States of America. 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, 2011 and 2010, and the changes in its membership equity and its cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.

Hood & Strong LLP December 19, 2011

Statement of Financial Position

Years Ended September 30, 2011 2010

Assets Cash and cash equivalents Accounts receivable from members, net Other receivables and loans Inventories Prepaid expenses Investments Property, plant and equipment, net Deferred bond issuance costs, net Deferred lease costs and other assets, net Liabilities and Membership EquityLiabilities: Accounts payable Accrued expenses and other liabilities Deferred membership dues Bonds payable Deferred golf privilege fees Interest rate swap Total liabilities Membership Equity - Unrestricted

The accompanying notes are an integral part of this statement.

$7,874,227 5,087,422

564,365 480,945

1,034,245 2,281,115

112,463,907 390,963 543,582

$130,720,771

$7,787,3234,726,163

527,299512,159

1,071,0902,262,043

113,127,391369,314533,540

$130,916,322

$1,693,312 6,824,226 3,047,257

60,050,000 3,969,300

20,693,515 96,277,610 34,443,161

$130,720,771

$1,358,1315,765,5712,814,925

61,525,0004,158,350

17,731,99493,353,97137,562,351

$130,916,322

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1Statement of Revenues, Expenses and Changes in Membership Equity

Years Ended September 30, 2011 2010 Revenues: Department revenues: Food Beverage Golf green and tennis fees Pro shop merchandise Rental from golf carts Rooms, lockers and telephone Communications Barber and massage Sport shop and tennis merchandise Total department revenues Cost of revenues Gross profit Membership dues Service charges and other - net Total revenues Expenses: Salaries and wages, including pensions, payroll taxes and benefits Activities and tournaments China, glassware, silver and utensils Committees and directors Donations Insurance Laundry, linen and uniforms Casualty loss and damage Office expense including printing, postage and subscriptions Professional services Property taxes Repairs and maintenance Sand, gravel, seeds, plants and fertilizer Security services Equipment rental Travel and business expense Utilities and telephone Special events, music and decorations Other Total expenses Change in membership equity from operations and expenses before depreciation ) Depreciation expense Decrease in membership equity from operations and expenses )Other Changes: Initiation fees and sale of golf privileges Rental income - net of related expenses Membership dues allocated to Debt Service Interest income Loss on disposal of assets History Book Amortization of bond issuance costs Other administrative costs Interest expense Total other changes Change in Unrestricted Membership Equity Before Provision for Income Taxes and Other Investment Changes Other Investment Changes: Unrealized gain on investments Defined benefit pension cost Change in fair value of interest rate swap Total other investment changes Provision for Income Taxes Change in Membership Equity - Unrestricted Membership Equity - Unrestricted, Beginning of year End of year


$5,669,611 1,785,657 6,571,547 1,639,266

388,959 1,793,903

349,518 186,607 237,462

18,622,530 3,605,186

15,017,344 15,377,317

380,469 30,775,130

20,941,779 1,070,698

31,697 265,025 92,681

1,081,769 531,772 29,048

751,265 350,953 554,326

1,033,975 628,489 315,865 125,715 42,927

1,570,115 570,884 239,497

30,228,480 546,650

5,190,886 (4,644,236)

4,569,662 2,024,666 3,252,000

29,921 (707)

(321,014)(16,187)

(808,291)(3,704,931)5,025,119

380,883

(11,289)644,691

(5,308,344)(4,674,942)

(699,000)(4,993,059)

42,555,410 $37,562,351

$5,651,384 1,795,272 6,599,554 1,850,344

402,222 2,028,441

388,579 190,396 289,755

19,195,947 3,729,173

15,466,774 15,859,582

431,279 31,757,635

21,484,979 980,915 30,672

286,223 113,708 965,146 511,671 21,127

748,953 367,088

1,169,979 1,131,258

625,556 314,382 120,138 70,703

1,604,738 434,261 258,870

31,240,367 517,268

5,280,861 (4,763,593)

4,370,911 2,009,089 3,252,000

32,541 (10,028)

(16,187)(121,184)

(3,768,613)5,748,529

984,936

(12,561)(446,044)

(2,961,521)(3,420,126)

(684,000)(3,119,190)

37,562,351 $34,443,161

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Note 1 - Nature of Organization and Summary of Significant Accounting Policies:

The Olympic Club was founded in 1860. The Club’s objective is to promote amateur athletics. The Club operates two locations in San Francisco, California.

The Club generates operating revenue primarily through membership dues, Club activities, golf green fees, and food and beverage sales.

a. Basis of Accounting and Presentation: The Club maintains its records on the accrual basis of accounting. The Club had only unrestricted membership equity in 2010 and 2011.

b. Recognition of Revenue: Membership dues are billed in advance and recognized as income in the applicable membership period. Initiation and golf privilege fees are recorded as income at the time membership commences, or the golf privilege is granted. Payments received in advance of granting of a golf privilege are recorded as deferred golf privilege fees. All other sources of revenue are recognized in the period

in which they are earned.

Accounts receivable from members consist principally of membership dues receivable that are carried at the unpaid balance of the original amount billed to the members. Receivables are net of an estimate made for doubtful accounts based on the Club’s past experience with the accounts.

Other receivables include a note receivable, secured by real property, from a related party with interest rate of 3% per annum due in fifteen years.

The Club’s Board of Directors, at its discretion, allocates a portion of the membership dues for debt service related to the bonds payable.

c. Cash Equivalents: The Club considers all instruments with a maturity of three months or less at the time of purchase to be cash equivalents, except for cash equivalents included in and managed with the Club’s pooled investments.

Statement of Cash Flows

Years Ended September 30, 2011 2010 Cash Flows Resulting from Operating Activities: Change in membership equity $(8,901,673) $(5,536,434) Adjustments to reconcile to net cash provided by operating activities: Allowance for doubtful accounts (6,363) (14,521) Amortization of deferred lease costs 1,200 1,200 Amortization of bond issuance costs 2,910,986 Unrealized gain on investments (3,637) (14,922) Change in fair value of interest rate swap 7,148,613 4,533,672 Loss of disposal of fixed assets 429 1,512 Depreciation 5,201,675 5,074,285 Changes in operating assets and liabilities: Receivables 153,027 57,429 Inventories 53,564 (27,038) Prepaid expenses (196,958) 249,878 Other assets 1,355 (11,702) Accounts payable 189,757 58,196 Accrued expenses and other liabilities 1,664,254 47,165 Deferred membership dues 223,337 (9,261) Deferred golf privilege fees (434,300) (105,450) Net cash provided by operating activities 5,110,467 7,336,214Cash Flows Resulting from Investing Activities: Purchase of property, plant and equipment (3,870,437) (2,263,102) Purchase of investments (1,000,000) (2,094,499) Proceeds from sales of investments 4,254,792 162,608 Net cash used by investing activities (615,645) (4,194,993)Cash Flows Resulting from Financing Activities: Payments for debt issue costs (389,814) Payments on bonds payable (1,320,000) (915,000) Net cash used by financing activities (1,369,814) (928,610)(Decrease) Increase in Cash and Cash Equivalents 3,125,008 2,212,611Cash and Cash Equivalents at Beginning of Year 5,880,519 3,667,908Cash and Cash Equivalents at End of Year $9,005,527 $5,880,519Supplemental Cash Flow Information: Cash paid during the year for: Interest $4,289,645 $3,777,677 Income taxes $827,000 $715,000


$(4,993,059)

32,618 1,200

16,187 11,289

5,308,343 705

5,190,886

(603,137)(69,541)129,865 (27,523)

(210,393)(1,507,080)

(47,246)117,350

3,350,464

(2,730,579)(2,000,000)1,556,911

(3,173,668)

(1,395,000)(1,395,000)(1,218,204)9,005,527

$7,787,323

$3,940,479 $720,000

$(3,119,190)

16,640 1,200

16,187 12,561

2,961,520 10,028

5,280,861

(414,965)31,214 36,845

(11,242)335,181

1,058,655 1,154,375

(1,111,093)6,258,777

(4,627,405)(763,992)732,360

(4,659,037)

(37,836)(1,475,000)(1,512,836)

86,904 7,787,323

$7,874,227

$4,004,161 $677,000

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

e. 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. Depreciable lives range from three to forty years.

f. Other Assets: Bond issuance costs are recorded at cost and amortized using the straight-line method over the life of the bond.

Other assets are comprised primarily of silver, china and linens in use by the Club.

g. 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 Post Street facility. Such costs are being amortized over the ninety-nine year term of the hotel lease on the straight-line method.

h. Interest Rate Swap Agreement: The fair value of the interest rate swap is accrued as market rates change. Changes in the fair market value of the interest rate swaps are reported as a change in the fair value of swap agreement on the Statement of Revenues, Expenses, and Changes in Membership Equity.

i. Fair Value of Financial Instruments: The Club investments in money market and corporate notes are stated at fair value.

The Club classifies its financial assets and liabilities measured at fair value on a recurring basis based on a fair value hierarchy with three levels of inputs. Level 1 values are based on quoted prices (unadjusted) in active markets for identical securities that the Club has the ability to access at the measurement date. Level 2 values are based on observable transactions (such as quoted prices) for similar (but not identical) items in an active market or identical transactions in an inactive market. Level 3 values are based on unobservable transactions or values when little or no market data is available. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investments.

j. Other Financial Instruments: Financial instruments included in the Club’s Statement of Financial Position as of September 30, 2011 which are not required to be measured at fair value include cash and cash equivalents, accounts and other receivables, and accounts payable.

For cash equivalents, accounts and other receivables, and accounts payable, the carrying amounts represent a reasonable estimate of the corresponding fair values.

The fair value of the bond debt obligations approximates their carrying value.

k. Pension Costs: Pension expense of the Club’s Qualified Defined Benefit Plan is calculated using the Projected Unit Benefit Cost Method. Such expense is funded on a current basis.

l. Use of Estimates: The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

m. Income Taxes: The Club is a tax-exempt organization under Internal Revenue Code Section 501(c)(7). The Club is therefore exempt from income taxes, except on its earnings from investments and operations from non-member activities.

The Club follows the guidance on accounting for uncertainty in income taxes issued by FASB ASC Topic 740. As of September 30, 2011, management evaluated the Club’s tax positions and concluded that the Club had maintained its tax exempt status and had taken no uncertain tax positions that require adjustment to the consolidated financial statements. The Club is no longer subject to income tax examinations by federal or state authorities for the years before fiscal year ended 2008.

n. Recent Accounting Pronouncement: In January 2010, the FASB issued ASU No. 2010-06, Fair Value Measurements and Disclosures (Topic 820): Improving Disclosures about Fair Value Measurements. This update provided amendments that require new disclosures of (a) transfers in and out of Levels 1 and 2 to include reasons for the transfers as well and (b) reconciliation for fair value measurements using significant unobservable inputs (Level 3) should be presented separately on a gross basis, rather than as one net number. This update also provided amendments that clarify existing disclosures such as the level of disaggregation for each class of assets and liabilities as well as disclosures about inputs and valuation techniques. The Club has adopted this disclosure requirement in its financial statements as at September 30, 2011.

In May 2011, the Financial Accounting Standards Board (FASB) issued an update with amendments that change the wording used to describe the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. The amendments include clarification of the Board’s intent about the application of existing fair value measurement and disclosure requirements and some changes of a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements. Some of the disclosures required by amendments in this update are not required for nonpublic entities. The amendments are to be applied prospectively and are effective for annual periods beginning after December 15, 2011 for nonpublic entities. The Club is assessing the impact of the adoption of this update on its financial statements.

Subsequent Events: The Club has reviewed the results of operations for the period of time from its fiscal year ended September 30, 2011 through the date the independent auditors’ report was issued, and has determined that no adjustments are necessary to the amounts reported in the accompanying financial statements nor have subsequent events occurred, the nature of which would require disclosure, except as disclosed in Note 5.

Note 2 - Investments:

Investments as of September 30, 2011 and 2010 consist of the following: 2011 2010Cash equivalents $ 1,039,826 $764,619Fixed income 1,241,289 1,497,424 2,281,115 $2,262,043

Note 3 - Fair Value Measurements:

As of September 30, 2011 and 2010, the Club’s investments consist of money market, U.S. government securities and corporate notes which are deemed a Level 1 asset.

The table below shows the changes in Level 3 liabilities measured on a recurring basis for the year ended September 30, 2011 and 2010. The unrealized gains and loss are recorded in the Statement of Revenues, Expense, and Changes in Membership Equity.

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Accrued Interest Pension Cost Rate Swap Balance at September 30, 2010 $3,088,620 $17,731,994Net unrealized (gains) losses 446,045 2,961,521Balance at September 30, 2011 $3,534,665 $20,693,515

Balance at September 30, 2009 $3,733,311 $12,423,651Net unrealized (gains) losses (644,691) 5,308,344Balance at September 30, 2010 $3,088,620 $17,731,994

Accrued pension cost is included in accrued expenses and other liabilities in the Statement of Financial Position.

Note 4 - Property, Plant and Equipment:

Property, plant and equipment consist of the following at September 30: 2011 2010Land $7,779,262 $7,779,262Sutter Street building 41,135,670 41,135,670Post Street buildings and improvements 66,116,669 65,089,843Lakeside buildings and improvements 16,204,461 14,240,505Water system 2,781,914 2,781,914Tennis facilities 3,284,717 3,192,584Golf course 10,729,679 10,277,696Furniture, fixtures, equipment and vehicles 15,598,958 14,067,555Construction in progress 155,447 654,887

163,786,777 159,219,916Less accumulated depreciation (51,322,870) (46,092,525) $112,463,907 113,127,391

Depreciation expense amounted to $5,280,861 and $5,190,886 in 2011 and 2010, respectively.

Note 5 - Bonds Payable:

Taxable Variable Rate Demand Refunding Bonds, Series 2008

On October 23, 2008, the Club issued $64,240,000 in Taxable Variable Rate Demand Refunding Bonds, Series 2008. These bonds were used to legally defease the 2007 bond issue with a balance of $63,900,000 plus issuance costs. The proceeds from the original bond issuance were used for the City Club Master Plan.

The 2008 bonds were structured and underwritten by Banc of America Securities LLC. A related company, Bank of America, provided a letter of credit, which is secured by the City Club property, to enhance the bonds. Bank of America’s short term ratings from Moody’s, S&P, and Fitch is the highest possible from all three rating agencies.

On December 20, 2010 the Club renewed the letter of credit with Bank of America for another 3 years. The rate on the letter of credit increased from .75% to 1.30% with the tightening of the credit markets.

The Bond principal payments are due annually with interest payable monthly. The coupon interest rate is 6.77%. The rate incorporates the fixed interest rate option (of 5.48% and 5.28% as explained below), the letter of credit explained above and the bond remarketing fee. Under the terms of the Club’s bond agreements, the coupon interest rate is subject to an increase in the amount by which the interest rate on the new bonds exceeds one-month LIBOR. As a result of these terms, the Club expects its monthly interest expense to vary because of the changes in the financial markets.

Both the letter of credit and indenture agreements contain covenants which require, among other things, that the Club maintain certain financial ratios. As of September 30, 2011 and 2010, the Club was in compliance with the covenants.

Scheduled maturities of the 2008 series bonds are as follows:

Year ending September 30: 2012 1,555,0002013 1,645,0002014 1,805,0002015 1,905,0002016 2,005,000Thereafter 51,135,000 $60,050,000

The Club is currently negotiating a term loan with a bank for $61,525,000, the proceeds will be used to extinguish the bonds payable noted above. The Club expects to reduce certain of its debt financing costs as a result of this transaction.

Interest expense on the bonds was $4,004,161 of which $235,548 was allocated to the Sutter Garage for the year ended September 30, 2011, for a net bond interest expense of $3,768,613. Interest expense on the bonds was $3,940,479 of which $235,548 was allocated to the Sutter Garage for the year ended September 30, 2010, for a net bond interest expense of $3,704,931. To summarize: 2011 2010Total interest expense $4,004,161 $3,940,479Less interest allocated to garage (235,548) (235,548)Bond interest expense 3,768,613 $3,704,931

Interest Rate Swap

As discussed above, the Club has issued variable-rate bonds to finance the City Club Master Plan. These debt obligations are exposed to variability in interest payments due to changes in interest rates.

The current interest rate swaps with the Bank are in the notional amounts of $40,320,000 at 5.48% and $19,390,000 at 5.28%. Under these separate agreements with the Bank, the Club swapped its variable-rate cash flow exposure on the bonds for a fixed rate, which is in place for the twenty-five year life of the bonds.

Since the fixed-rates are guaranteed for the life of the bond, there is a termination fee/income calculation, representing the change in the fair market value of the interest rate swaps, if the Club terminates the agreements prior to the fixed terms of the swaps. If interest rates go down and the Club terminates the agreement, the bank would lose income, as they would have to provide loans to other customers at lower interest rates. The opposite would be true if interest rates went up.

As of September 30, 2011, interest rates have changed since the inception of the swaps. If the Club terminated the swap agreements with the Bank as of September 30, 2011, the Club would have incurred a loss of $20,693,515 as the interest income the Bank would lose is calculated over the twenty-five year term of the agreement.

Changes in the fair value of the interest rate swaps are reported on the Statement of Revenues, Expenses, and Changes in Membership Equity. As of September 30, 2011 and 2010, the valuation of the interest rate swap resulted in a net unrealized loss (which has no effect on the cash position of the Club) in the amount of $2,961,520 and $5,308,344, respectively, due to the changes in interest rates as discussed above.

At September 30, 2011 and 2010, the Club has a total liability for these agreements of $20,693,515 and $17,731,994, respectively, in the Statement of Financial Position. If the Club does not terminate the interest rate swap agreement over its remaining life, the interest rate swap liability would eventually be reversed as the bonds payable principal is repaid and/or market conditions change.

Note 6 -Line of Credit:

The Club had an unsecured line of credit agreement with Union Bank of California in the amount of $2,000,000 which expired during the year ended September 30, 2011.

The Club is currently negotiating an unsecured line of credit agreement with a bank in the amount of $2,000,000.

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Note 7 -Retirement Plans:The Club has retirement plans covering substantially all employees.Contributions of $665,584 in 2011 and $588,979 in 2010 were made to union sponsored retirement plans.All other non-union Club employees, hired prior to December 31, 2008, are covered by a qualified, defined benefit plan provided that they meet specified age and service requirements, the expense of which is calculated under the accrued benefit cost method.The following information, as determined by the plan’s actuarial consultants, identifies the defined benefit pension plan’s funded status as of September 30, 2011 and 2010: 2011 2010Projected benefit obligation for service rendered to date $(10,225,926) $(9,529,476)Fair value of plan assets, primarily mutual funds 6,691,261 6,440,856Projected benefit obligation in excess of plan assets (3,534,665) (3,088,620)Unrecognized net loss (2,793,911) (2,309,168)Additional liability (from minimum liability provisions) 2,793,911 2,309,168Accrued pension cost included in accrued expenses (3,534,665) $(3,088,620)Unfunded status of the plan at end of year (3,534,665) $(3,088,620)

2011 2010Accrued pension cost included in accrued expenses at beginning of year $779,452 $626,857Contributions made during the year (579,300) (578,769)Net pension cost 540,602 731,364Additional liability (from minimum liability provisions) 2,793,911 2,309,168Accrued pension cost included in accrued expenses at end of year 3,534,665 $3,088,620The net pension cost for 2011 and 2010 was determined as follows: 2011 2010Service costs - benefits earned during the year 454,779 $525,696Interest costs on projected benefit obligation 497,817 516,410Expected return on plan assets (493,003) (422,490)Net amortization and deferral (4,268)Recognized net actuarial gain 81,009 116,016 540,602 $731,364

Benefits paid by the plan during the fiscal year ended September 30, 2011 and 2010 was approximately $275,000 and $187,000.

Weighted-average assumptions used for the years ended September 30, were as follows: 2011 2010Discount rate 5.00% 5.15%Expected long-term return on plan assets 7.00% 7.50% Frozen as ofRate of compensation increase December 31, 2011 3.00%

Benefits expected to be paid in each of the next five fiscal years and in the aggregate for the five years thereafter at September 30, 2011 are as follows: Year ending September 30:2012 339,7862013 378,6042014 414,9772015 419,0482016 432,1542017-2021 2,409,974 4,394,543

The Club has elected to establish a growth oriented investment strategy to be used for the investments in the Defined Benefit Pension Plan. The goal of this strategy is to bring an annualized return that will

outpace inflation by at least 5% per year on an annualized basis. As of September 30, 2011 and 2010, the plan assets are all invested in various mutual funds in accordance with the plan strategy.

In 2010, the Board amended the plan to freeze benefit accruals as of December 31, 2013. In 2011 the Board amended the plan again to freeze benefit accruals as of December 31, 2011. Benefits will continue to accrue under the plan until that date, after which time, benefits will be frozen, and no additional accruals will be earned after that date. No new enrollees were allowed into the plan after a hire date of December 31, 2008.

The Club has a voluntary 401(k) plan. All non-union employees, 21 years and older, who have one year of employment and have worked over 1,000 hours 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. Currently, the Club matches 50% of the employee’s contribution up to maximum of 6% of the employee’s compensation. Participants become 100% vested in the Club-matched contributions after three years of service. Employer contributions to the 401(k) plan for the years ended September 30, 2011 and 2010 were $165,583 and $145,807, respectively.

Note 8 -Income Taxes:

The Club is exempt from federal income taxes under Section 501(c)(7) of the Internal Revenue Code with respect to members’ transactions and other activities related directly to its not-for-profit purpose. The Club is therefore exempt from income taxes, except on its earnings from investments and operations from non-member activities.

The provision for income taxes for the fiscal years ended September 30, 2011 and 2010, based generally on the Club’s investment income, is as follows: 2011 2010Federal $ 544,000 $547,400California 140,000 151,600 684,000 $699,000

Note 9 -Commitments and Contingencies:

Commitments

The Club leases three properties to outside parties as follows:

Hotel Land Lease Agreement – The Club has a land lease agreement, which expires in November 2081, for a property adjacent to the Post Street facility. The agreement provides for the Club to receive base rental payments or a percentage of gross revenues, in addition to a percentage of net operating income for each year, whichever is higher. Base rentals are to be adjusted every five years subsequent in accordance with changes in the Consumer Price Index, with a maximum adjustment of twenty-five percent over the five year period. Gross rentals received by the Club under this lease agreement amounted to $1,542,114 and $1,542,114 in the years ended September 30, 2011 and 2010, respectively.

Masonic Avenue Land Lease Agreement – The Club has a land lease agreement, which expires in April 2069, for certain land which it owns in San Francisco. The rental amount is adjusted every tenth year, based upon an appraisal of the land value at its highest and best use. The rental amount was adjusted effective April 2010 reflecting the recent change in the appraised value of the land.

Gross rentals received by the Club under this lease agreement amounted to $562,595 and $595,971 in the years ended September 30, 2011 and 2010, respectively.

Sutter Street Facility Lease – The Club has a lease agreement with a garage operator to operate the parking facility. The lease is scheduled to expire November 30, 2012.

Gross rentals received by the Club under this lease agreement amounted to $354,153 and $335,598 for the years ended September

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30, 2011 and 2010, respectively.

Total Lease Income – Future minimum rental payments due to be received by the Club, exclusive of future contractually specified rate adjustments, under the lease agreements, in years subsequent to September 30, 2011, are approximately as follows:

Year ending September 30:2012 2,447,0002013 2,162,0002014 2,105,0002015 2,105,0002016 2,105,000Thereafter 127,946,000 $138,870,000

United States Golf Association Lease – The Club has a lease agreement with the United States Golf Assocation which allows the Association to conduct the United States Open Championships in June, 2012 at the Club’s Lakeside facilities. In connection with the agreement the Club has recorded $564,000 of deferred revenue, net of expenses in the accompanying financial statements.

Contingencies

The Club is contingently liable in connection with litigious claims and contracts arising in the normal course of its activities. Club management believes that the outcome of such matters will not have a significant effect on the financial position or results of activities of the Club.

Note 10 -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, tax exempt money market funds, investments and accounts receivable due from members.

Investments are diversified in order to limit market risk.

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.

The third annual Junior Olympian of the Year Awards Banquet was a smashing success. Led by Junior Sports Coordinator John Perez and held in the Club’s beautiful dining room, the event epitomizes the Club’s growing commitment to junior athletics. In addition, the banquet is a rare opportunity for the diverse sports programs to come together and celebrate the achievements of their individual athletes.

Basketball kicked things off by presenting nine awards to recognize their league MVP’s in the various age groups. In the swimming segment, ten members of the Junior swim and water polo teams received awards in categories ranging from rookie of the year to most improved swimmer. As each award was presented there was a palpable excitement from the attendees and a tremendous sense of camaraderie as teammates and friends cheered each other to the podium to accept their trophies.

The highlight of the afternoon was the announcement of the Male and Female Junior Olympians of the Year. The nominees from each sport were introduced and given their awards. This year’s nominees were:

Basketball: Nate Cohen and Stacey Ward Fitness: Lauren Adachi Squash: F. Gabriel Morgan Handball: Anthony Collado and Loren Collado Tennis: Carter Hultman and Claudia Lew Swimming: Sheldon Boboff and Aidan Lisker

It was Phil Galvin’s honor to present this year’s female Junior Olympian of the Year award winner, Stacey Ward. Stacey has been a Junior member since the age of eight, when she first attended our Superskills Camps. She has worked out with Phil since she was in the sixth grade and has

Junior Olympian of the Year Banquetby John Perez

been playing in our Junior leagues since its inception. She is currently a starter on our AAU Olympic Club varsity team. She played basketball at SI for 4 years, was captain of her freshmen team and a three-year varsity player. She has coached at The Olympic Club basketball camps for the past three summers. Playing basketball at the OC has been a great learning environment and provided her with a home away from home, where she can work on her game and play basketball with girls from all over the city. She currently holds Strength and Fitness records at The Olympic Club and won the 3pt contest at the OC Post Up Challenge. Stacey is an A student who hopes to attend UCLA next year.

It was with great pleasure that Nigel O’Rourke then announced the winner of this year’s male Junior Olympian of the Year: Carter Hultman. Carter just graduated from SI, and will be headed to UC Davis this coming fall to play D1 tennis. A member since he was eight years old, Carter has been part of the Junior Tennis Program since he joined the Club. He was 20-2 overall this past year, 2nd team ALL WCAL, and finished 4th in the league singles tournament. He ranked in the top 50 in Norcal 18 and Under. Carter finished at SI with a 3.6 GPA, graduating with Honors. Carter is an exceptional Junior and exemplifies all of the values we would expect of any Olympian.

We hope to continue this great tradition. Congratulations to all the sport award winners, whose hard work and dedication have made this an awesome year.

Serving the freshest seafood, family Italian specialties and the finest views since 1925

#8 Fisherman’s Wharf, at the foot of Taylor Street415-673-0183 • www.aliotos.com

ON FISHERMAN’S WHARFCasual waterfront dining, great fishing harbor views

#7 Fisherman’s Wharf, at the foot of Taylor StreetFull bar, outdoor seating available

415-359-1200 • www.aliotoswatersidecafe.com

Open Daily 11am until 11pm Free Parking directly across the street from the restaurant on Taylor Street.

OVERLOOKING FISHERMAN’S WHARF FISHING FLEETOVERLOOKING FISHERMAN’S WHARF FISHING FLEET

GOLF REPORT

Tee to Green by Gerry Stratford

Stroke & What?Conversations over a drink after a round of golf often turn to debates about our rules—complicated questions about procedures, unplayable lies and various obstructions. Sometimes we even express dissatisfactions and suggest modifications. Of course, our comments are timid, holding as we do the Rules and Decisions of the USGA and the noble R&A in profound respect and awe. However, if we could change some rules, it might be those that result in stroke and distance penalties.

The problem with the rules covering a lost ball and its companion the dreaded OB, is a glaring inconsistency with balls misplayed in arguably similar situations. The lateral hazard on an ideal golf course would be the designation for some ground within the boundaries of the course proper, but made up of unplayable terrain traditionally containing water. Play is properly allowed from such ground with certain constraints, but the rules also allow relief with the simple penalty of one stroke, and a

drop adjacent to the ball’s original entry point. Out of Bounds areas, on the other hand, are not on the golf property and being off the playing field certainly requires a penalty.

The problem arises with modern golf courses such as found in Hawaii and Arizona deserts where the holes meander over huge tracts of land and the holes are not nestled together as on a typical parkland or even an out-and-back links layout. On many of these courses adjacent terrain is designated “sensitive” or it contains hazardous cactus or lava, and we are told to consider such areas as if they were lateral hazards despite the absence of water. (Ever wonder why your scores in Hawaii are usually lower than at home?)

Here is the situation that troubles me. You and I are playing a hole with Out of Bounds left and a lake on the right. The lake is bordered by tall fescue, and a similar heavy rough is planted along the left side of the fairway. My shot hooks left into the rough and may have even reached the white stake designated OB. Your shot fades right toward the lake. Now, everything is simple if we find our balls in playable areas, and also if we see your ball splash in the water, but what if we cannot find our

SGA CornerSGA to be Tabacco Friendly in 2012by Brian Holt

The SGA Board of Governors is proud to announce that it has elected Joseph “Joe” Tabacco to lead our organization in 2012. In his two years on the SGA Board, Joe has served as Tournament Vice-Chairman and Tournament Chairman. This past year, Joe worked to insure that our members were treated to the best golf events possible and, among other tasks, was also responsible for selecting the tasty menus we all enjoyed after our tournaments.

2012 SGA President Joe Tabacco

Joe’s fingerprints will also be found on the 2012 golf schedule. As you know, the U.S. Open and Ocean Course renovations that will occur next year will impact play and the SGA’s home schedule. However, Joe has arranged a series of “away” matches with a number of great local clubs, which should keep us all swinging smoothly during the coming year.

Joe has been a member of the Club since 1995, joining shortly after he and his family moved to the Bay Area. Joe is an attorney, having

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balls? In my case the penalty is the same, it does not really matter if I scooted OB, or am just lost in the heavy grass. But, unless we are sure that your ball reached the water (which entitles you to a drop nearby with one stroke penalty) we must protect the field and send you back to the tee with me to hit our tee shots again. Granted, these balls were lost, but were they somehow more lost than the ball at the bottom of a two-acre lake, or possibly on its way downstream along with our water to the Southern California Aqueduct?

What would be wrong with treating edge of the property as an unplayable area, imposing a one-stroke penalty, and allowing players a two club-length relief from the point of entry. The same treatment imposed for balls lost in bushes, tall grass and trees would certainly speed up play and avoid the disparity described above.

But of course, if such a modification were made, what would we have to talk about? Conversations would be shorter, we wouldn’t be ordering a second or third round, and our Club’s revenue would decline. Guess it’s not such a good idea, after all. Forget I brought it up. Renato, would you please bring me another Macallan?

begun his career with the U.S. Department of Justice in Southern California and New York City. Joe is now in private practice as a litigator specializing in securities fraud and antitrust cases and manages the San Francisco office of his law firm, Berman DeValerio. Joe and his wife Peggy Schmidt live in Portola Valley. Their two children, Ted and Christina, now in their early twenties, are long-time Olympians. Joe developed an early love for golf as a kid, caddying back in his home state of Massachusetts. In winter, Joe can be found on the slopes almost as often as the greens.

As one of its last acts in 2012, your SGA Board has forwarded a suggestion to The Olympic Club Board requesting a review of the hand cart policy at the Club. It should be noted that in the recent survey conducted for the Club, 105 members took the time to say: “Pull carts should be an option on the golf course.” We have had much support for this review from our members.

The SGA has had a long tradition of organizing trips or outings to great places lasting from several days up to a week. The outings have focused on golf but have also included social as well as non-golfing members activities. SGA members have always been able to include non-member guests, usually spouses or significant others. We intend to continue with this tradition. In 2012, we are also looking into a “Member Only” golf trip. We are trying to balance budget with quality golf and accommodations. Details will be available shortly. We hope you are receptive to this new idea.

Finally, I am writing this column because our Communications Chairman, Tom Culligan, is away playing golf and, no doubt, telling his famous jokes. Tom’s absence affords me the opportunity to say goodbye as your President. It has been my great privilege to have served on your board the past five years. Now, let’s have some fun in 2012!

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Simple PleasuresI talk a great deal about tradition in this column. Typically the type that directly relates to the long standing practices of the Club. I’d like to take a moment to talk about the ones that make us who we are. Whether it’s your Sunday morning coffee and paper, your workout routine, or the way you work through your bag on the range from wedge to driver before heading to the first tee, we all consciously or unconsciously have a certain rhythm to our lives. These small daily traditions are essentially our routines, the little idiosyncrasies that fill a small void I like to call simple pleasures.

For me it’s breakfast with a friend or colleague. I used to meet a good friend every Thursday morning for breakfast at a different little cafe every week. We never had an agenda, but always found a way to fill an hour or more with work and life and family and whatever the topic du jour. I’m fairly certain we never solved cold fusion or world peace, but for us it was one of life’s simple pleasures. I think the older we get the more important it is to find, recognize, and enjoy these little things that bring joy to our days.

This time of year tradition plays a huge role in our lives as we celebrate the holidays and the coming of the New Year. Running downstairs early Christmas morning to see if the milk and cookies are gone, a pilgrimage home to be with family, champagne and a kiss at the stroke of midnight. Just last year I personally enjoyed an Olympian tradition over 118 years old by running into the Pacific Ocean at the crack of dawn on New Year’s Day. I haven’t stopped talking about the unique exhilaration I experienced at last year’s event and this year my family will join me and the 300 or so of you hiking and dipping.

Whatever your traditions may be, I encourage you to enjoy both the simplicity and significance they bring to your life. Take the time to enjoy the things that make you who you are and celebrate the joy in those simple pleasures. I am reading a book at the moment that focuses on success in life and the authors’ twelve pillars for achieving it. One of the foundational principles is the concept of balance and three-dimensional health focusing on your body, soul, and spirit. I think the traditions we share with our family and friends nurture our souls and make us better people. One of my families’ simple pleasures is the lighting of our menorah during Hanukkah (the Jewish celebration of light). While I was raised Catholic, my wife was raised Jewish so we celebrate both Christian and Jewish holidays. The menorah is symbolic of the eight days of light. For our family it represents a time of quiet and togetherness when we light the candles nightly and enjoy the peace, solitude, and reflection those precious minutes bring as we watch them slowly burn down. It’s amazing how much importance and significance these traditions can have in our lives.

Speaking of body, soul, and spirit, I recently completed both the Six Week No Sugar Challenge as well as the 20 Days of Fitness Challenge that Carmen Solla of our fitness team so brilliantly managed. These

challenges focus on the healthy body, which is a cornerstone of the Club’s purpose. Olympians and staff enjoy the simple pleasure of lifestyle changes that alter our bodies and minds, which enrich our lives for years to come. If you haven’t tapped into the wealth of knowledge, experience, and expertise in our fitness staff, you are missing out on one of the Club’s greatest assets, a team of true professionals committed to simply helping you make life better!

As we turn the calendar into 2012, we are all acutely aware of the upcoming U.S. Open Championship. As traditions go, this is one of the most revered in all sports. There are but a handful of clubs that have the pleasure and tradition of hosting multiple U.S. Opens and your Olympic Club is in a very exclusive fraternity as we prepare for your fifth Championship. Your fellow Olympians, led by Steve Meeker, have been coordinating with USGA Championship Director, Danny Sink, and his team for the past eighteen months. While the vast majority of their work, and there has plenty let me assure you, has been invisible to the eye, we are now embarking on a very visible component of our preparations to welcome the world to Lakeside in June. As we have communicated on many occasions, January 3rd will mark the first day of significant infrastructure work at Lakeside. We will begin with gravel pad installation on the 8th and 9th fairways on the Ocean course followed immediately by substantial work on the 4th fairway of the Ocean course. This critical work will allow vendors to begin receiving and constructing some of the necessary facilities that will make this simply the best U.S. Open Championship ever! I bring this to your attention as this work will be on a substantial scale and we want you to be prepared for the excitement as well as inconvenience we will all have to endure as part of the privilege of hosting this great event. Please follow the U.S. Open “Inside the Ropes” section of the website (www.olyclub.com) for detailed information on construction and tournament preparation notifications.

I leave you this month with the very best wishes for a healthy, happy, and prosperous New Year! As always, I encourage you to remember that life is truly a journey, not a destination and I believe one of our greatest callings is to savor life’s simples pleasures and traditions, and as always...enjoy the ride!

Greg [email protected]

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