September 2018 Brookview Golf CourseOver
2018 Sept YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 920,950 97,321 757,668 (163,282)82.27%
Driving Range Fees 180,000 14,077 156,070 (23,930)86.71%
Par 3 Fees 170,000 13,013 141,841 (28,159)83.44%
Lawn Bowling 30,000 12,944 40,226 10,226 134.09%(4)
Pro Shop Sales 90,000 8,629 77,706 (12,294)86.34%
Pro Shop Rentals 300,000 38,281 274,309 (25,691)91.44%
Concession Sales 889,960 160,563 1,082,874 192,914 121.68%
Other Revenue 182,500 3,035 200,481 17,981 109.85%(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 2,738,410 347,863 2,726,750 (11,660)99.57%
Expenses:
Golf Operations 802,410 80,231 552,383 (250,027)68.84%(2)
Course Maintenance 1,219,520 85,461 996,453 (223,067)81.71%
Pro Shop 124,400 9,611 127,422 3,022 102.43%
Grill 647,710 140,521 1,031,687 383,977 159.28%
Driving Range 74,300 8,114 57,215 (17,085)77.01%
Par 3 Course 26,640 3,465 26,439 (201)99.25%
Lawn Bowling 8,380 6,205 10,831 2,451 129.25%
Banquet Staffing 25,400 2,690 28,407 3,007 111.84%
Total Expenses 2,928,760 336,298 2,830,837 (97,923)96.66%
(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.
(4) Lawn Bowling opened August 1.
Further information about projects and financing are located in the 2018-2022 CIP and 2018-2019 Budget.
Fund Balance at end of 2017 was $919,024.
Fund Balance should be a minimum of $1,000,000 (4 months reserve). Cart purchase lowered this amount.
City of Golden Valley
Monthly Budget Report - Brookview Golf Course Enterprise Fund
September 2018 (unaudited) Course opened April 27