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ADOPTED | BUDGET

FISCAL YEAR 2022-2023
SCHEDULE 18 - SUMMARY OF REVENUES AND EXPENDITURES

GOLF COURSE FUND

ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2019/20 FY 2020/21 FY 2021/22 FY 2021/22 FY 2022/23
ROUNDS 46,915 18,961 47,000 47,000 46,276

REVENUES
OPERATING REVENUE
Green Fees $330,437 $1,542,553 $1,210,000 $1,719,940 $1,828,800
Pro Shop 290,360 448,768 447,500 266,275 319,473
Driving Range 39,974 88,956 80,000 289,588 155,000
Carts 114,147 346,721 428,500 306,169 453,505
Food & Beverage 262,630 520,594 640,000 573,748 569,282
General & Administrative 0 0 0 0 0
Miscellaneous 77,003 40,363 37,572 17,750 19,000
TOTAL OPERATING REVENUE $1,114,551 $2,987,956 $2,843,572 $3,173,470 $3,345,060
RESERVES & INTERFUND LOANS
Interfund Loan $751,989 $0 $0 $0 $0
Appropriation of Fund Balance 100,000 0 0 51,502 0
TOTAL USE OF RESERVES & INTERFUND LOANS $851,989 $0 $0 $51,502 $0
TOTAL RESOURCES $1,966,540 $2,987,956 $2,843,572 $3,224,972 $3,345,060

EXPENDITURES
OPERATING
Pro Shop $116,296 $133,129 $203,620 $197,669 $235,892
Pro Shop: Cost of Goods Sold 64,651 152,758 153,000 162,544 203,628
Driving Range 13,446 25,476 22,750 31,633 28,300
Golf Carts 178,899 254,462 220,204 284,941 299,413
Course Maintenance 617,473 680,166 581,725 829,884 1,003,469
Food & Beverage 171,591 244,805 305,380 315,221 266,658
Food & Beverage: Cost of Goods Sold 89,718 150,476 179,200 179,188 188,759
Sales & Membership 0 48,747 79,600 113,563 95,412
General & Administrative 327,756 378,306 307,270 463,135 550,239
Clubhouse 99,469 123,149 89,910 0 0
Management Fees 141,127 164,363 154,920 161,416 133,042
Equipment Repair and Replacement 0 59,611 202,256 94,586 0
TOTAL OPERATING $1,820,426 $2,415,449 $2,499,835 $2,833,780 $3,004,812

OTHER & RESERVES
Debt Service $190,563 $328,439 $321,940 $321,940 $310,590
Transfer to Capital Projects 100,000 0 0 0 0
Planned Contribution to Reserves 0 0 21,797 69,252 29,658
TOTAL OTHER & RESERVES $290,563 $328,439 $343,737 $391,192 $340,248

TOTAL EXPENDITURES $2,110,989 $2,743,888 $2,843,572 $3,224,972 $3,345,060
BALANCE ($144,449) $244,068 $0 $0 $0

157 NRH | TEXAS