Page 195 - Grapevine FY19 Operating Budget
P. 195
FY 2018-19 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GOLF FUND
2015-16 2016-17 2017-18 2017-18 2018-19
Actual Actual Budget Estimate Approved
BEGINNING WORKING CAPITAL: (2,576,375) (3,251,040) (2,983,810) (2,983,810) (2,648,983)
OPERATING REVENUE:
Cart and Club Rentals 613,284 687,793 627,000 657,058 686,000
Tournament Fees 2,650 2,108 4,000 2,250 3,000
Driving Range 208,915 213,011 255,000 198,286 215,000
Golf Pro Shop Sales 183,665 217,417 200,000 247,092 225,000
Golf Course Green Fees 1,317,339 1,441,966 1,385,000 1,430,023 1,475,000
Annual Green Fee Memberships 200,000 274,307 225,000 273,157 280,000
Restaurant % of Sales 28,523 29,740 35,000 35,889 35,000
Lesson Income 15,795 39,097 30,000 27,366 40,000
Interest Income 701 1,531 1,000 2,712 1,400
Golf Sub-Lease 222,149 243,981 240,000 218,124 240,000
Miscellaneous Income 27,667 24,852 22,000 13,478 22,000
Total Operating Revenue 2,820,688 3,175,804 3,024,000 3,105,435 3,222,400
TRANSFERS IN: 0 0 0 0 0
TOTAL REVENUE AND TRANSFERS 2,820,688 3,175,804 3,024,000 3,105,435 3,222,400
OPERATING EXPENDITURES:
Personnel 1,382,107 1,404,999 1,396,539 1,393,746 1,443,651
Supplies 575,071 343,333 352,357 351,653 355,798
Maintenance 98,909 106,825 127,700 127,445 91,500
Services 713,347 718,667 710,487 709,066 359,291
Insurance 0 0 0 0 454,290
Debt Service 486,723 0 0 0 0
Capital Outlay 140,365 226,604 90,000 89,820 408,370
Total Operating Expenditures 3,396,523 2,800,427 2,677,083 2,671,730 3,112,900
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 98,831 108,147 103,875 98,878 109,500
Transfer to Capital Project Fund 0 0 240,000 0 0
Total Transfers Out 98,831 108,147 343,875 98,878 109,500
TOTAL EXPENDITURES AND TRANSFERS 3,495,353 2,908,574 3,020,958 2,770,608 3,222,400
SURPLUS / (DEFICIT) (674,665) 267,230 3,042 334,827 0
ENDING WORKING CAPITAL: (3,251,040) (2,983,810) (2,980,768) (2,648,983) (2,648,983)
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