May 2018 Brookview Golf CourseOver
2018 May YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 920,950 150,703 160,055 (760,895)17.38%
Driving Range Fees 180,000 38,321 44,664 (135,336)24.81%
Par 3 Fees 170,000 19,836 21,336 (148,664)12.55%
Lawn Bowling 30,000 0 0 (30,000)0.00%
Pro Shop Sales 90,000 18,928 23,513 (66,487)26.13%
Pro Shop Rentals 300,000 46,436 51,390 (248,610)17.13%
Concession Sales 889,960 136,416 357,089 (532,871)40.12%
Other Revenue 182,500 14,763 161,790 (20,710)88.65%(3)
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax (30,000)0 (4,425)25,575 14.75%
Total Revenue 2,738,410 425,403 815,412 (1,922,998)29.78%
Expenses:
Golf Operations 802,410 63,832 256,050 (546,360)31.91%(2)
Course Maintenance 1,219,520 81,396 661,758 (557,762)54.26%
Pro Shop 124,400 15,262 70,827 (53,573)56.93%
Grill 647,710 135,682 453,102 (194,608)69.95%
Driving Range 74,300 9,747 11,824 (62,476)15.91%
Par 3 Course 26,640 4,971 6,100 (20,540)22.90%
Lawn Bowling 8,380 0 1,344 (7,036)16.04%
Banquet Staffing 25,400 4,010 10,432 (14,968)41.07%
Total Expenses 2,928,760 314,900 1,471,437 (1,457,323)50.24%
(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
May 2018 (unaudited) Course opened April 27