October 2018 Brookview Golf CourseOver
2018 October YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 920,950 47,368 805,036 (115,914)87.41%
Driving Range Fees 180,000 4,050 160,120 (19,880)88.96%
Par 3 Fees 170,000 7,298 149,139 (20,861)87.73%
Lawn Bowling 30,000 3,432 43,658 13,658 145.53%(4)
Pro Shop Sales 90,000 7,328 85,034 (4,966)94.48%
Pro Shop Rentals 300,000 19,896 294,206 (5,794)98.07%
Concession Sales 889,960 92,371 1,175,245 285,285 132.06%
Other Revenue 182,500 508 200,989 18,489 110.13%(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 2,738,410 182,251 2,909,002 170,592 106.23%
Expenses:
Golf Operations 802,410 51,483 603,867 (198,543)75.26%(2)
Course Maintenance 1,219,520 53,452 1,049,905 (169,615)86.09%
Pro Shop 124,400 9,699 137,121 12,721 110.23%
Grill 647,710 86,844 1,118,530 470,820 172.69%
Driving Range 74,300 3,303 60,517 (13,783)81.45%
Par 3 Course 26,640 437 26,876 236 100.89%
Lawn Bowling 8,380 911 11,742 3,362 140.12%
Banquet Staffing 25,400 1,188 29,595 4,195 116.52%
Total Expenses 2,928,760 207,317 3,038,153 109,393 103.74%
(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
October 2018 (unaudited) Course opened April 27