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May 2016 Brookview Golf CourseOver 2016 May YTD (Under)% Budget Actual Actual Budget Current Revenue Green Fees 795,000 141,866 221,886 (573,114)27.91% Driving Range Fees 167,000 34,293 61,928 (105,072)37.08% Par 3 Fees 137,370 28,701 41,602 (95,768)30.28% Lawn Bowling 42,000 2,383 2,383 (39,617)5.67% Pro Shop Sales 80,000 13,527 27,357 (52,643)34.20% Pro Shop Rentals 260,000 37,630 61,108 (198,892)23.50% Concession Sales 360,000 54,781 85,913 (274,087)23.86% Other Revenue 78,000 8,385 57,818 (20,182)74.13% Interest Earnings 2,000 0 0 (2,000)0.00%(1) Less: Credit Card Charges/Sales Tax (36,000)(1,397)(1,812)34,188 5.03% Total Revenue 1,885,370 320,169 558,183 (1,327,187)29.61% Expenses: Golf Operations 637,125 87,708 259,989 (377,136)40.81%(2) Course Maintenance 792,800 76,885 318,881 (473,919)40.22% Pro Shop 114,620 11,687 76,327 (38,293)66.59% Grill 251,750 48,817 78,643 (173,107)31.24% Driving Range 50,665 10,059 23,148 (27,517)45.69% Par 3 Course 27,295 3,954 4,661 (22,634)17.08% Lawn Bowling 27,195 968 2,045 (25,150)7.52% Total Expenses 1,901,450 240,078 763,694 (1,137,756)40.16% (1) Interest Earnings are allocated at year-end. (2) Depreciation is allocated at year-end. City of Golden Valley Monthly Budget Report - Brookview Golf Course Enterprise Fund May, 2016 (unaudited) opened March 23