Page 142 - NRH FY20 Approved Budget

OVERVIEW OF GOLF COURSE FUND

The City of North Richland Hills offers its residents and other guests an affordable,
enjoyable and high quality golfing experience through the City’s Iron Horse Golf
Course, which is privately managed by Arcis Golf of Dallas, Texas. Iron Horse is an
18-hole Dick Phelps designed championship course. The 6,679-yard, par-70 course
traverses a hardwood forest and meanders alongside scenic creeks and the historic
“Cotton Belt” railroad. Consistently rated as one of the best Municipal Golf Courses in
the State of Texas, Iron Horse attracted 47,000 rounds of golf last year. In addition
to daily-fee public play, Iron Horse offers several community-oriented programs, junior
golf programs, player development and hosts multiple tournaments sponsored by local
businesses and charitable organizations.

The Golf Course Fund accounts for Iron
Horse operations; including, but not limited to
the following: customer service, marketing,
daily tee time and tournament scheduling,
golf instruction, full service restaurant, off site
catering, merchandise sales and facility
maintenance. This fund also accounts for golf
course capital improvement projects and
equipment acquisition.

Like the Utility and Aquatic Park Funds, the
Golf Course Fund is operated as an
enterprise fund and is self-supported by the
revenue it generates. Expenses are
recovered primarily from green fees, cart fee rentals, as well as food and beverage revenues.

In late 2019 and through the summer of 2020, the golf course will be partially closed for renovations to the
fairways, greens, the tees, cart paths and irrigation. Signaticant drainage improvements will also occur,
especially on the back 12 holes to protect the improvments and to better runoff during rain events. A grand
reopening is expected to take place in September 2020.

The total revenue estimate for 2019/2020 is $1,651,547. Expenses for 2019/2020 Golf Course Fund are
$1,651,547, which includes Cost of Goods sold and capital project transfers.

Expenses for 2018/2019 Golf Course Fund are $2,601,454, which
Rounds of Golf includes Cost of Goods sold and capital project transfers.

$48,299 $47,873 $49,174 $47,300
$50,000 $45,339
$43,250 $42,953
$45,000
$40,000
$35,000 Course
$30,000 Renovations
$25,000
$16,841
$20,000
$15,000
$10,000
$5,000
$‐
12/13' 13/14' 14/15' 15/16' 16/17' 17/18' 18/19' 19/20'

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