Page 196 - Grapevine Budget FY21

The number of golf rounds played in FY20 is estimated at 63,815 and represents a 2% increase
from the previous year’s total of 62,500 as the reopening of Fairway Drive after dam repairs
restored the primary access point to the course.

GOLF ROUNDS FY-2015 FY-2016 FY-2017 FY-2018 FY-2019 FY-2020
PLAYED

Rounds 48,689 55,905 64,424 65,000 62,500 63,815
Gain / (Loss) (19,679) 7,216 8,519 576 (2,500) 1,315
% Change -29% 15% 15% 1% -4% 2%

Revenue from annual membership sales is budgeted at $313,000 for FY21 and represents a
decrease of $13,000 (4%) from the prior year. The pandemic and its associated restrictions on
activities and economic uncertainty is a driving factor in the reduction of revenue in this category.

The golf pro shop and restaurant renovation and expansion project is expected to be complete in
June 2021. The new facility will be enlarged to 12,500 square feet, up from its current size of
7,000 square feet. The pro shop will continue to carry a full line of the latest golf equipment and
apparel and will complemented by a workroom for staff, storage room and clubroom for rental
clubs and club maintenance.

Persimmons Bar and Grill will serve 90+ people with a full-service bar and 4 televisions. Also
included is an outside covered deck that has breathtaking views of the course and seating for 90+
people. There will also be a multipurpose room that can be used for meetings and private dining.

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