Page 159 - Cover 3.psd

ADOPTED | 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 Kemper Sports. 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.

The Golf Course Fund total revenue estimate for 2022/2023 is $3,345,060 on 46,276 rounds of golf.
Expenses are projected at $3,345,060, which includes Cost of Goods sold and capital project transfers.

Rounds of Golf

47,873 49,174 47,300 47,000 50,000
50,000 46,276
43,250 42,953
45,000
40,000
35,000
30,000 Course
25,000 Rennovations
16,841
20,000
15,000
10,000
5,000
‐
14/15' 15/16' 16/17' 17/18' 18/19' 19/20' 20/21 21/22 22/23

155 NRH | TEXAS