Page 151 - City of Fort Worth Budget Book

Special Revenue Fund Municipal Golf

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 for 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.

FY2024 DISCUSSION AND SIGNIFICANT CHANGES

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 is scheduled to close on
November 1, 2023, and reopen in Spring 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 the closure and the financial
performance when the facility reopens following the renovation.

The FY2024 Recommended Budget includes an overall decrease in earned revenues of $401,005 (-6.6%) over
the FY2023 Adopted Budget, primarily due to the Meadowbrook closure. The annual subsidy also will decrease by
$75,000 to $245,000. The Municipal Golf Fund will use fund balance to balance the FY2024 Golf Operating
Budget.

The Recommended Budget:

• Increases by $89,376 and 3 full-time positions to fund three Maintenance Workers at Meadowbrook Golf
Course to assist in turf grow-in and other renovation needs.

• Decreases by ($243,231) for transfers to golf capital projects
• Increases by $39,567 in General Operating & Maintenance for previously approved costs associated with
risk management, IT solutions allocation costs, and fund administration

• Increases by $63,405 in salary and benefits for previously approved costs associated with pay for
performance, rising health care costs and pension contributions

Page 151