Page 205 - FortWorthFY22AdoptedBudget

Special Revenue Fund

Meadowbrook Golf Course is an 18-hole facility located on the east side of the city. It has a fully-equipped pro
shop and features a full snack bar and grill service.

Rockwood Park Golf Course is an 18-hole facility with a driving range, pro shop, snack shop, and six-hole practice
course. Rockwood Park has the distinction of serving as the host site to The First Tee of Fort Worth and the Ben
Hogan Learning Center. The 18-hole course received an extensive renovation and reopened in June 2017. The
newly constructed clubhouse opened in May 2021. The course is located in the near northwest part of the city.

Municipal Golf Fund expenditures are financed primarily from charges-for-service, classified as taxable and non-
taxable revenue, in the form of green fees, cart rentals, and other fees at all golf courses. In August 2014, the City
Council approved a resolution providing an annual subsidy to the Municipal Golf Fund beginning in FY2015. In July
2015, the Municipal Golf Fund was changed from an Enterprise Fund to a Special Revenue Fund.

In FY2016, the annual subsidy was apportioned to pay previous Peoplesoft FINS Phase II debt, while also
continuing to support the Municipal Golf Fund.

FY2022 DISCUSSION

· The Adopted Budget increases by $144,123 for various allocation expenses.
· The Adopted Budget increases by $148,138 to fund maintenance equipment replacements.

Page 205 of 581