Page 143 - N. Richland Hills General 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 averages 46,000 rounds of golf each 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.

An extensive $3 million renovation of the golf course
and Club House was completed in September 2020.
Improvements included significant drainage
improvements and raising the elevation of the greens.
Other improvements included a new irrigation system, renovated bunkers, improved cart paths, leveling of tees
and relocation of Holes 13 and 14. As part of the renovation, a new set of tees were added to provide a shorter
option and allow for five to six various tee settings and angles to challenge different levels of golfers. Club House
improvement included new flooring, interior and exterior painting, refreshed landscaping and redesign of the Pro
Shop for an improved customer experience.

The Golf Course Fund 49,174
total revenue estimate for 50,000 45,339 47,873 47,300 47,000
2020/2021 is $2,727,072 45,000 43,250 42,953
on 47,000 rounds of golf. 40,000
Expenses are projected
at $2,727,072, which 35,000
Course
includes Cost of Goods 30,000 Rennovations
sold and capital project Rounds of Golf 25,000
transfers. 20,000 16,841
enses for 2018/2019 Golf 15,000
Course Fund are 10,000
$2,601,454, which 5,000
includes Cost of Goods -
sold and capital project 13/14' 14/15' 15/16' 16/17' 17/18' 18/19' 19/20' 20/21
transfers.

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