July 2018 Brookview Golf CourseOver
2018 July YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 920,950 177,800 491,102 (429,848)53.33%
Driving Range Fees 180,000 33,367 112,028 (67,972)62.24%
Par 3 Fees 170,000 36,013 97,784 (72,216)57.52%
Lawn Bowling 30,000 0 19 (29,981)0.06%
Pro Shop Sales 90,000 15,114 55,087 (34,913)61.21%
Pro Shop Rentals 300,000 65,689 172,152 (127,848)57.38%
Concession Sales 889,960 173,213 692,731 (197,229)77.84%
Other Revenue 182,500 19,483 193,941 11,441 106.27%(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 2,738,410 520,679 1,810,419 (927,991)66.11%
Expenses:
Golf Operations 802,410 63,681 397,161 (405,249)49.50%(2)
Course Maintenance 1,219,520 93,096 826,473 (393,047)67.77%
Pro Shop 124,400 15,320 98,662 (25,738)79.31%
Grill 647,710 135,094 719,436 71,726 111.07%
Driving Range 74,300 12,682 37,956 (36,344)51.08%
Par 3 Course 26,640 6,097 17,571 (9,069)65.96%
Lawn Bowling 8,380 586 1,929 (6,451)23.02%
Banquet Staffing 25,400 4,818 19,586 (5,814)77.11%
Total Expenses 2,928,760 331,374 2,118,774 (809,986)72.34%
(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
July 2018 (unaudited) Course opened April 27