Page 234 - FortWorthFY23AdoptedBudget

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.

FY2023 DISCUSSION AND SIGNIFICANT CHANGES
The new Rockwood Park Golf Course clubhouse provides an elevated level of food service and offers community
meeting space and catering. Snack Shop revenues at Rockwood Park continue to grow from actual revenue of
$209,821 in FY2019—the last full-year of operation pre-pandemic and before the new clubhouse was
completed—to a budgeted revenue amount of $414,477 in FY2023.

The FY2023 Adopted Budget includes an overall increase in earned revenues of $629,409 (12%) over the FY2022
Adopted Budget. The increase in revenues will largely fund equipment replacement and deferred preventative
maintenance and capital improvement projects.

The Municipal Golf Fund is currently planning for a renovation of Meadowbrook Golf Course. Due to the 2022
Bond Program – Proposition B that passed in May of 2022, Meadowbrook Golf Course will be closed in the fall of
2023 through spring of 2025. No revenue would be generated during the closure, but expenditures would be
incurred for staff salaries and benefits to oversee construction and for utilities. All financial strategies for the
Municipal Golf Fund need to account for the impacts of a closure and the financial performance when the facility
reopens following the renovation.

The Adopted Budget:
· Increases by $127,054 and 1 position to fund a Marketing Coordinator.
· Increases by $24,797 and decreases by 2 part-time positions as a result of increasing the FTE on two
existing positions making them benefits-eligible at the Rockwood Park Golf Course Snack Shop.
· Increases by $9,890 and decreases by 1 part-time position as a result of increasing the FTE on one existing
position making it benefits elible at the Rockwood Park Golf Course.
· Decreases by ($43,036) and transfers 1 position to the General Fund of the Park and Recreation
Department as part of a re-organization in the Centralized Purchasing team

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