June 2019 Brookview Golf CourseOver
2019 June YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 900,000 157,031 345,015 (554,985)38.34%
Driving Range Fees 170,000 33,263 82,759 (87,241)48.68%
Par 3 Fees 155,000 27,383 56,524 (98,476)36.47%
Lawn Bowling 80,000 13,004 23,969 (56,031)29.96%
Pro Shop Sales 80,000 15,770 41,905 (38,095)52.38%
Pro Shop Rentals 300,000 54,684 110,308 (189,692)36.77%
Concession Sales 1,570,000 223,795 666,958 (903,042)42.48%
Other Revenue 122,000 9,071 66,703 (55,297)54.67%
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax 0 0 0
Total Revenue 3,382,000 534,001 1,394,141 (1,987,859)41.22%
Expenses:
Golf Operations 755,010 73,430 323,747 (431,263)42.88%(2)
Course Maintenance 850,740 65,861 366,278 (484,462)43.05%
Pro Shop 122,500 13,016 80,171 (42,329)65.45%
Grill 1,349,800 150,166 614,519 (735,281)45.53%
Driving Range 51,590 6,570 29,980 (21,610)58.11%
Par 3 Course 35,710 5,613 11,183 (24,527)31.32%
Lawn Bowling 15,400 2,541 5,586 (9,814)36.27%
Total Expenses 3,180,750 317,197 1,431,464 (1,749,286)45.00%
(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
June 2019 (unaudited) Course opened April 4