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ADOPTED | BUDGET

Golf Course Fund FY 2022/2023 Adopted Budget

Revenues / Resources

The FY 2022/2023 adopted revenues in the Golf Course Fund are $3,345,060. This is an increase
of $501,488 or 17.6% from the FY 2021/2022 Adopted Budget. Below are the revenue highlights.

 $618,800 increase in green fees due to two main operational changes consisting of
minimizing discount windows to optimize prime rate utilization and adding dynamic pricing
models to adjust pricing based on demand.
 ($128,027) decrease in Pro Shop due to elimination of the Arcis discount membership.
 $75,000 increase to Driving Range Revenues resulting from the elimination of the Arcis
range program. Kemper will institute a range program that will improve revenue while still
preserving the condition of the driving range surface.
 ($70,718) decease to Food & Beverage due to a decrease in golf and catering events at the
course in the past few years. In the next year there will be a renewed focus on strategic
growth efforts in this area.

Expenditures

The FY 2022/2023 adopted expenditures in the Golf Course Fund are $3,345,060. This is an
increase of $501,488 or 17.6% from the FY 2021/2022 Adopted Budget. Below are the
expenditure highlights.

 ($202,256) decrease to Equipment Repair and Replacement resulting from proposed
change in capital purchasing to relieve the burden of deferred equipment purchases.
 $421,744 increase to Course Maintenance is due to staffing, and changes in agronomic
practices to protect the renovation investment and continually improve course
conditions. Additionally, capital purchases are being proposed as operational leases for
maintenance equipment.
 $242,969 increase to General & Administrative due to the addition of on-site course
accountant as well as a structure change in which the management fees and clubhouse
expenses are absorbed in this category.
 ($89,910) decrease to Clubhouse expenses after being absorbed in G&A due to accounting
structure change.

Balance

The adopted budget for FY 2022/2023 reflects an ending balance of $0.

64 NRH | TEXAS