March 2019 Brookview Golf CourseOver
2019 March YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 900,000 156 156 (899,844)0.02%
Driving Range Fees 170,000 0 0 (170,000)0.00%
Par 3 Fees 155,000 0 0 (155,000)0.00%
Lawn Bowling 80,000 0 0 (80,000)0.00%
Pro Shop Sales 80,000 307 461 (79,539)0.58%
Pro Shop Rentals 300,000 908 5,750 (294,250)1.92%
Concession Sales 1,570,000 68,544 176,201 (1,393,799)11.22%
Other Revenue 122,000 22,057 32,285 (89,715)26.46%
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax 0 (4,425)(4,425)#DIV/0!
Total Revenue 3,382,000 91,972 210,428 (3,171,572)6.22%
Expenses:
Golf Operations 755,010 63,066 133,035 (621,975)17.62%(2)
Course Maintenance 850,740 63,937 149,357 (701,383)17.56%
Pro Shop 122,500 21,604 37,593 (84,907)30.69%
Grill 1,349,800 84,981 209,237 (1,140,563)15.50%
Driving Range 51,590 4,644 17,221 (34,369)33.38%
Par 3 Course 35,710 935 1,451 (34,259)4.06%
Lawn Bowling 15,400 41 41 (15,359)0.27%
Total Expenses 3,180,750 239,208 547,935 (2,632,815)17.23%
(1) Interest Earnings are allocated at year-end.
(2) Depreciation is allocated at year-end.
Further information about projects and financing are located in the 2019-2023 CIP and 2019-2020 Budget.
Fund Balance should be a minimum of $1,060,000 (4 months reserve).
City of Golden Valley
Monthly Budget Report - Brookview Golf Course Enterprise Fund
March 2019 (unaudited) Course opened April 4