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04-89 - 12-21 - Adopt 2005 Budget for Brookview Golf Resolution 04-89 December 21, 2004 Member Grayson introduced the following resolution and moved its adoption: RESOLUTION ADOPTING THE 2005 BUDGET OF THE BROOKVIEW GOLF FUND BE IT RESOLVED by the City Council of the City of Golden Valley, Minnesota, that the appropriations for the Brookview Golf Fund Programs for the calendar year 2005 shall be as follows: PROGRAM NUMBER DESCRIPTION AMOUNT 7151 Golf Operations $661,650 7152 Course Maintenance 627,755 7153 Pro Shop 117,750 7154 Grill 188,205 7155 Driving Range 78,085 7156 Par 3 35,585 TOTAL 2005 BUDGET $1.709,030 BE IT FURTHER RESOLVED by the City Council that the sources of financing the sums appropriated shall be: DESCRIPTION AMOUNT Fees and Lessons: Golf Course $1,042,200 Driving Range 110,000 Par 3 194,465 Handicap 9,500 Patron Cards 48,500 Golf Lessons 23,125 Pro Shop Sales 73,500 Pro Shop Rentals 228,325 Concession Sales 232,500 Other 10,000 Interest Earnings 6,000 Less: Sales Tax & Credit Card Charges (146,000) TOTAL 2005 BUDGET $1.832.115 Resolution 04-89 - Continued December 21, 2004 Linda R. Loomis, Mayor ATTEST: Donald G. Tay ity Clerk The motion for the adoption of the foregoing resolution was seconded by Member Freiberg and upon a vote being taken thereon, the following voted in favor thereof: Freiberg, Grayson, Loomis, Pentel and Shaffer; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted, signed by the Mayor and her signature attested by the City Clerk.