Page 212 - Grapevine Budget FY21

FY 2020-21 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GOLF FUND

2017-18 2018-19 2019-20 2019-20 2020-21
Actual Actual Budget Estimate Approved
BEGINNING WORKING CAPITAL: (1,086,616) (856,471) (856,471) (856,471) (659,139)

OPERATING REVENUES:
Cart and Club Rentals 657,058 644,914 664,000 647,337 637,440
Tournament Fees 2,250 1,920 4,000 1,430 3,840
Driving Range 198,286 192,725 193,654 176,899 185,908
Golf Pro Shop Sales 247,092 244,364 245,000 193,723 245,000
Golf Course Green Fees 1,430,023 1,426,621 1,425,000 1,486,516 1,369,556
Annual Green Fee Memberships 273,157 266,750 326,000 247,000 312,960
Restaurant % of Sales 35,889 31,396 37,000 33,663 35,520
Lesson Income 27,366 15,381 35,000 14,920 33,600

Interest Income 2,712 2,962 3,000 1,406 3,000
Golf Sub-Lease 244,961 267,491 242,000 235,264 232,320
Miscellaneous Income 13,361 235,333 23,608 20,489 22,664

Total Operating Revenue 3,132,154 3,329,856 3,198,262 3,058,647 3,081,808

TRANSFERS IN/CONTRIBUTIONS: - - - - -
TOTAL REVENUES AND TRANSFERS 3,132,154 3,329,856 3,198,262 3,058,647 3,081,808
OPERATING EXPENDITURES:
Personnel 1,357,987 1,337,802 1,490,231 1,382,005 1,485,633
Supplies 392,073 819,182 385,600 353,583 387,000
Maintenance 103,274 107,131 110,400 103,616 112,333
Services 830,566 333,792 404,045 361,315 395,135
Insurance - 426,979 457,986 442,857 432,156
Capital Outlay 87,051 149,104 242,000 106,476 145,000

Total Operating Expenditures 2,770,951 3,173,990 3,090,262 2,749,852 2,957,257
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 107,254 106,997 108,000 111,463 108,000
Total Transfers Out 107,254 106,997 108,000 111,463 108,000
TOTAL EXPENDITURES AND TRANSFERS 2,878,205 3,280,987 3,198,262 2,861,315 3,065,257
SURPLUS / (DEFICIT) 253,949 48,869 - 197,332 16,551

* Fund balance requirement is 25% of total net budgeted expenses or 90 days of operation.
City Council has suspended the fund balance requirement for the Golf Fund for FY 2020-21.

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