April 2018 Brookview Golf CourseOver
2018 April YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 920,950 9,274 9,352 (911,598)1.02%
Driving Range Fees 180,000 6,344 6,344 (173,656)3.52%
Par 3 Fees 170,000 1,500 1,500 (168,500)0.88%
Lawn Bowling 30,000 0 0 (30,000)0.00%
Pro Shop Sales 90,000 3,403 4,585 (85,415)5.09%
Pro Shop Rentals 300,000 1,511 4,954 (295,046)1.65%
Concession Sales 889,960 70,379 220,673 (669,287)24.80%
Other Revenue 182,500 105,686 142,600 (39,900)78.14%(3)
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax (30,000)(1,403)(4,425)25,575 14.75%
Total Revenue 2,738,410 196,694 385,583 (2,352,827)14.08%
Expenses:
Golf Operations 802,410 64,276 192,219 (610,191)23.96%(2)
Course Maintenance 1,219,520 370,466 580,362 (639,158)47.59%
Pro Shop 124,400 15,436 54,680 (69,720)43.95%
Grill 647,710 111,347 313,839 (333,871)48.45%
Driving Range 74,300 832 2,078 (72,222)2.80%
Par 3 Course 26,640 1,129 1,129 (25,511)4.24%
Lawn Bowling 8,380 20 1,344 (7,036)16.04%
Banquet Staffing 25,400 451 6,422 (18,978)25.28%
Total Expenses 2,928,760 563,957 1,152,073 (1,776,687)39.34%
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end.
(3) Includes the trade-in of golf carts -$100,500.
Further information about projects and financing are located in the 2018-2022 CIP and 2018-2019 Budget.
City of Golden Valley
Monthly Budget Report - Brookview Golf Course Enterprise Fund
April 2018 (unaudited) Course opened April 27