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November 2018 Brookview Golf CourseOver 2018 November YTD (Under)% Budget Actual Actual Budget Current Revenue Green Fees 920,950 2,884 807,920 (113,030)87.73% Driving Range Fees 180,000 541 160,661 (19,339)89.26% Par 3 Fees 170,000 8 149,147 (20,853)87.73% Lawn Bowling 30,000 558 44,516 14,516 148.39%(4) Pro Shop Sales 90,000 1,891 86,925 (3,075)96.58% Pro Shop Rentals 300,000 2,099 296,305 (3,695)98.77% Concession Sales 889,960 75,554 1,250,799 360,839 140.55% Other Revenue 182,500 3,599 204,287 21,787 111.94%(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 87,134 2,996,135 257,725 109.41% Expenses: Golf Operations 802,410 37,166 641,033 (161,377)79.89%(2) Course Maintenance 1,219,520 38,773 1,088,678 (130,842)89.27% Pro Shop 124,400 8,565 145,686 21,286 117.11% Grill 647,710 72,912 1,190,492 542,782 183.80% Driving Range 74,300 1,323 61,840 (12,460)83.23% Par 3 Course 26,640 317 27,192 552 102.07% Lawn Bowling 8,380 0 11,742 3,362 140.12% Banquet Staffing 25,400 1,216 30,812 5,412 121.31% Total Expenses 2,928,760 160,272 3,197,475 268,715 109.18% (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 November 2018 (unaudited) Course opened April 27