Page 245 - CityofGrapevineFY25AdoptedBudget

FY 2024-25 APPROVED OPERATING BUDGET
STATEMENT OF REVENUE, EXPENDITURES AND CHANGES IN FUND BALANCE
GOLF FUND

2021-22 2022-23 2023-24 2023-24 2024-25
Actual Actual Budget Estimate Approved

BEGINNING WORKING CAPITAL: 448,245 1,194,316 602,795 602,795 20,794
OPERATING REVENUES:
Cart and Club Rentals 878,073 907,180 1,018,500 976,000 1,020,000
Tournament Fees 4,585 9,436 10,000 9,950 10,000
Driving Range 270,786 273,494 282,000 278,939 282,000
Golf Pro Shop Sales 404,759 455,514 450,000 417,048 450,000
Golf Course Green Fees 1,946,821 2,148,233 2,250,000 2,148,974 2,500,000
Annual Green Fee Memberships 313,000 380,850 480,000 417,350 480,000
Lesson Income 16,296 47,570 30,000 81,449 60,000
Interest Income 3,939 16,081 3,000 15,236 16,000
Golf Sub-Lease 398,479 429,118 450,000 492,281 450,000
Miscellaneous Income 23,764 29,086 297,000 6,561 255,400
Persimmons Food & Beverage 5,784 1,216,875 1,597,000 1,356,497 1,616,000
Total Operating Revenue 4,266,286 5,913,437 6,867,500 6,200,285 7,139,400

TOTAL REVENUES AND TRANSFERS 4,266,286 5,913,437 6,867,500 6,200,285 7,139,400
OPERATING EXPENDITURES:
Personnel 1,486,945 2,883,168 2,609,045 2,897,169 2,891,305
Supplies 591,261 1,232,884 1,133,500 1,415,190 1,253,000
Maintenance 160,648 213,985 164,600 203,080 202,500
Services 546,009 1,076,486 698,420 795,310 743,381
Insurance 417,319 491,311 766,734 775,307 826,714
Capital Outlay 172,021 446,006 916,000 535,110 1,035,000
Total Operating Expenditures 3,374,203 6,343,840 6,288,299 6,621,166 6,951,900

TRANSFERS OUT:
Transfer to General Fund - Admin Fee 146,012 161,118 168,750 161,120 187,500
Total Transfers Out 146,012 161,118 168,750 161,120 187,500
TOTAL EXPENDITURES AND TRANSFERS 3,520,215 6,504,958 6,457,049 6,782,286 7,139,400

SURPLUS / (DEFICIT) 746,071 (591,521) 410,451 (582,001) -

ENDING WORKING CAPITAL: 1,194,316 602,795 1,013,246 20,794 20,794
FUND BALANCE REQUIREMENT: 831,995 1,564,235 1,550,539 1,632,616 1,714,167

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