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