Page 227 - GrapevineFY24 Adopted Budget

FY 2023-24 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND
GOLF FUND

2020-21 2021-22 2022-23 2022-23 2023-24
Actual Actual Budget Estimate Approved

BEGINNING UNRESTRICTED NET POSITION: (2,172,008) (1,807,060) (1,060,988) (1,060,988) (413,908)

OPERATING REVENUES:
Cart and Club Rentals 790,187 878,073 770,000 907,180 1,018,500
Tournament Fees 6,860 4,585 2,500 9,436 10,000
Driving Range 226,596 270,786 240,000 273,493 282,000
Golf Pro Shop Sales 284,766 404,759 350,000 455,514 450,000
Golf Course Green Fees 1,796,000 1,946,821 1,810,000 2,155,893 2,250,000
Annual Green Fee Memberships 354,250 313,000 400,000 380,850 480,000
Restaurant % of Sales 23,108 5,784 1,728,000 1,216,875 1,597,000
Lesson Income 25,580 16,296 20,000 47,570 30,000
Interest Income - 3,939 3,000 16,081 3,000
Golf Sub-Lease 307,634 398,479 310,000 376,653 450,000
Miscellaneous Income 263,763 23,764 20,000 28,823 297,000
Total Operating Revenue 4,078,744 4,266,286 5,653,500 5,868,368 6,867,500

TRANSFERS IN/CONTRIBUTIONS: - - - - -

TOTAL REVENUES AND TRANSFERS 4,078,744 4,266,286 5,653,500 5,868,368 6,867,500
OPERATING EXPENDITURES:
Personnel 1,501,717 1,524,554 1,613,421 2,429,301 2,609,045
Supplies 395,094 591,262 538,500 925,858 1,133,500
Maintenance 139,842 160,647 154,500 161,652 164,600
Services 434,616 508,399 541,119 613,878 698,420
Insurance 424,434 417,319 528,260 499,650 766,734
Capital Outlay 683,101 172,021 180,000 444,132 916,000
Total Operating Expenditures 3,578,804 3,374,202 3,555,800 5,074,471 6,288,299
TRANSFERS OUT:
Transfer to General Fund - Admin Fee 134,992 146,012 125,000 146,817 168,750
Total Transfers Out 134,992 146,012 125,000 146,817 168,750

TOTAL EXPENDITURES AND TRANSFERS 3,713,796 3,520,214 3,680,800 5,221,288 6,457,049

SURPLUS / (DEFICIT) 364,948 746,072 1,972,700 647,080 410,451

ENDINGUNRESTRICTED NET POSITION: (1,807,060) (1,060,988) 911,712 (413,908) (3,457)

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