July 2019 Brookview Golf CourseOver
2019 July YTD (Under)%
Budget Actual Actual Budget Current
Revenue
Green Fees 900,000 165,834 510,850 (389,150)56.76%
Driving Range Fees 170,000 30,976 113,735 (56,265)66.90%
Par 3 Fees 155,000 51,706 108,230 (46,770)69.83%
Lawn Bowling 80,000 21,085 45,055 (34,945)56.32%
Pro Shop Sales 80,000 14,285 56,189 (23,811)70.24%
Pro Shop Rentals 300,000 56,914 167,223 (132,777)55.74%
Concession Sales 1,570,000 202,115 869,073 (700,927)55.35%
Other Revenue 122,000 18,598 85,299 (36,701)69.92%
Interest Earnings 5,000 0 0 (5,000)0.00%(1)
Less: Credit Card Charges/Sales Tax 0 0 0
Total Revenue 3,382,000 561,513 1,955,654 (1,426,346)57.83%
Expenses:
Golf Operations 755,010 69,600 393,547 (361,463)52.12%(2)
Course Maintenance 850,740 86,451 452,699 (398,041)53.21%
Pro Shop 122,500 14,122 94,293 (28,207)76.97%
Grill 1,349,800 161,776 776,295 (573,505)57.51%
Driving Range 51,590 9,567 39,546 (12,044)76.65%
Par 3 Course 35,710 6,102 17,285 (18,425)48.40%
Lawn Bowling 15,400 2,495 8,081 (7,319)52.47%
Total Expenses 3,180,750 350,113 1,781,746 (1,399,004)56.02%
(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
July 2019 (unaudited) Course opened April 4