May 2019 Brookview Golf CourseOver
2019 May YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 900,000 133,412 187,984 (712,016)20.89%
Driving Range Fees 170,000 32,080 49,496 (120,504)29.12%
Par 3 Fees 155,000 19,720 29,141 (125,859)18.80%
Lawn Bowling 80,000 8,388 10,965 (69,035)13.71%
Pro Shop Sales 80,000 16,266 26,134 (53,866)32.67%
Pro Shop Rentals 300,000 35,764 55,624 (244,376)18.54%
Concession Sales 1,570,000 163,562 443,163 (1,126,837)28.23%
Other Revenue 122,000 10,836 57,633 (64,367)47.24%
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax 0 0 0
Total Revenue 3,382,000 420,028 860,140 (2,521,860)25.43%
Expenses:
Golf Operations 755,010 62,582 250,317 (504,693)33.15%(2)
Course Maintenance 850,740 93,382 300,387 (550,353)35.31%
Pro Shop 122,500 12,730 67,155 (55,345)54.82%
Grill 1,349,800 158,480 464,353 (885,447)34.40%
Driving Range 51,590 4,461 23,409 (28,181)45.38%
Par 3 Course 35,710 3,128 5,571 (30,139)15.60%
Lawn Bowling 15,400 1,003 3,044 (12,356)19.77%
Total Expenses 3,180,750 335,766 1,114,236 (2,066,514)35.03%
(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
May 2019 (unaudited) Course opened April 4