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GOLF COURSE FUND – IN BRIEF
REVENUES
Total golf revenue for FY 2020-21 is projected at $1,257,200 which is an increase of $40,200
from FY 2019-20. This amount does not include any funds derived from natural gas well leases
at the golf course. The anticipated increase is attributed to a modest increase in the level of golf
play at the course. Overall golf related revenues are based on a projected 36,000 rounds of
golf. The following chart is a graphical representation of operating revenue and expenses for
the golf course since FY 2016-17.
As shown by the chart, revenue has been in an upward trend for several years. Expenses have
also been in a mostly upward trend but, with the exception of FY 2017-18, operating revenue
continues to outpace operating expenses. Based on the level of play during the COVID-19
pandemic, staff expects the golf course to continue to perform in this manner.
EXPENSES
Total Golf Course Fund expenses as approved by the Council are projected at $1,236,403,
which is a decrease of $292,756 over the original FY 2019-20 budget. This majority of this
decrease is attributable to the completion of the irrigation pump station rehab project during the
previous year.
Operating revenues are projected to exceed operating expenses by $20,797 and the fund is
projected to have an ending balance of $280,411.
City of Azle 2020-2021 Budget 162
