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July 2014 Brookview Golf Course Fund City of Golden Valley Monthly Budget Report- Brookview Golf Course Enterprise Fund (3)(4) July, 2014(unaudited) Over 2014 July YTD (Under) Budget Actual Actual Budget Current Revenue Green Fees 880,780 156,930 421,025 (459,755) 47.80% Driving Range Fees 105,000 21,362 68,242 (36,758) 64.99% Par 3 Fees 173,200 22,867 57,842 (115,358) 33.40% Lawn Bowling 18,730 0 0 (18,730) 0.00% Pro Shop Sales 78,500 13,486 40,074 (38,426) 51.05% Pro Shop Rentals 227,800 49,197 114,402 (113,398) 50.22% Concession Sales 215,200 54,194 130,044 (85,156) 60.43% Other Revenue 70,155 2,186 77,316 7,161 110.21% Interest Earnings 6,000 0 0 (6,000) 0.00% (1) Less: Credit Card Charges/Sales Tax (35,000) (4,816) (7,494) 27,506 21.41% Total Revenue 1,740,365 315,406 901,451 (838,914) 51.80% Expenses: Golf Operations 655,995 66,184 399,127 (256,868) 60.84% (2) Course Maintenance 778,840 61,804 426,365 (352,475) 54.74% Pro Shop 105,705 10,834 80,605 (25,100) 76.25% Grill 177,910 29,399 108,858 (69,052) 61.19% Driving Range 48,075 7,032 23,153 (24,922) 48.16% Par 3 Course 3,500 4,012 10,437 6,937 298.20% Lawn Bowling 141,965 38,021 101,603 (40,362) 71.57% (5) Total Expenses 1,911,990 217,286 1,150,148 (761,842) 60.15% (1) Interest Earnings are allocated at year-end. (2) Depreciation is allocated at year-end. (3) Course opened April 9. (4) Course closed on June 19 due to flooding. Reopened partially on June 25. (5) Lawn Bowling opened August 15.