Page 253 - Grapevine FY20 Approved Budget

FY 2019-20 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GOLF FUND

2016-17 2017-18 2018-19 2018-19 2019-20
Actual Actual Budget Estimate Approved

BEGINNING WORKING CAPITAL: (1,365,536) (1,086,616) (856,471) (856,471) (765,017)

OPERATING REVENUE:
Cart and Club Rentals 687,793 657,058 686,000 644,914 664,000
Tournament Fees 2,108 2,250 3,000 1,920 4,000
Driving Range 213,011 198,286 215,000 192,725 193,654
Golf Pro Shop Sales 217,417 247,092 225,000 244,364 245,000
Golf Course Green Fees 1,441,966 1,430,023 1,475,000 1,426,621 1,425,000
Annual Green Fee Memberships 274,307 273,157 280,000 266,750 326,000
Restaurant % of Sales 29,740 35,889 35,000 28,401 37,000
Lesson Income 39,097 27,366 40,000 15,381 35,000
Interest Income 1,531 2,712 1,400 2,768 3,000
Golf Sub-Lease 243,981 244,961 240,000 218,767 242,000
Miscellaneous Income 24,852 14,957 22,000 235,333 23,608
Total Operating Revenue 3,175,804 3,133,750 3,222,400 3,277,944 3,198,262

TRANSFERS IN: 0 0 0 0 0

TOTAL REVENUE AND TRANSFERS 3,175,804 3,133,750 3,222,400 3,277,944 3,198,262

OPERATING EXPENDITURES:
Personnel 1,404,999 1,357,988 1,443,651 1,269,608 1,490,231
Supplies 343,333 392,073 355,798 819,489 385,600
Maintenance 106,825 103,276 91,500 103,824 92,400
Services 718,667 830,567 359,291 331,109 422,045
Insurance 0 0 454,290 426,979 457,986
Capital Outlay 226,604 87,051 408,370 149,104 242,000
Total Operating Expenditures 2,800,427 2,770,955 3,112,900 3,100,113 3,090,262

TRANSFERS OUT:
Transfer to General Fund - Admin Fee 108,147 107,254 109,500 86,377 108,000
Total Transfers Out 108,147 107,254 109,500 86,377 108,000

TOTAL EXPENDITURES AND TRANSFERS 2,908,574 2,878,209 3,222,400 3,186,490 3,198,262

SURPLUS / (DEFICIT) 267,230 255,541 0 91,454 0

ENDING WORKING CAPITAL: (1,086,616) (856,471) (856,471) (765,017) (765,017)

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