Page 28 - CityofNRHFY25AdoptedBudget

FISCAL YEAR 2024-2025
SCHEDULE 21 - SUMMARY OF REVENUES AND EXPENDITURES

GOLF COURSE FUND

ADOPTED REVISED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2021/22 FY 2022/23 FY 2023/24 FY 2023/24 FY 2024/25
ROUNDS 18,961 18,961 46,276 45,537 47,973
REVENUES

OPERATING REVENUE
Green Fees $1,607,624 $1,743,589 $1,882,843 $1,882,843 $1,960,400
Pro Shop 357,489 270,864 270,306 270,306 283,319
Driving Range 141,985 138,389 135,417 135,417 157,966
Carts 352,918 338,223 405,784 405,784 380,175
Food & Beverage 652,185 699,965 688,843 688,843 762,282
Miscellaneous 12,865 6,203 0 0 0
TOTAL OPERATING REVENUE $3,125,066 $3,197,233 $3,383,193 $3,383,193 $3,544,142
RESERVES & INTERFUND LOANS
Appropriation of Fund Balance 0 0 0 0 0
TOTAL USE OF RESERVES & INTERFUND LOANS $0 $0 $0 $0 $0
TOTAL RESOURCES $3,125,066 $3,197,233 $3,383,193 $3,383,193 $3,544,142

EXPENDITURES
OPERATING
Pro Shop $168,004 $202,680 $187,167 $187,167 $220,629
Pro Shop: Cost of Goods Sold 174,197 148,162 138,722 138,722 171,077
Driving Range 9,316 7,929 21,123 21,123 8,900
Golf Carts 299,341 358,599 321,944 321,944 372,634
Course Maintenance 742,411 928,066 970,355 1,044,355 1,002,533
Food & Beverage 259,470 299,837 299,106 299,106 291,633
Food & Beverage: Cost of Goods Sold 215,771 210,381 217,858 217,858 227,451
Sales & Membership 99,999 95,870 104,096 104,096 125,066
General & Administrative 609,139 563,721 572,540 583,867 665,744
Clubhouse 886 0 0 0 0
Management Fees 159,977 130,392 135,328 135,328 141,766
Equipment Repair and Replacement 51,502 0 0 0 0
TOTAL OPERATING $2,790,011 $2,945,635 $2,968,239 $3,053,566 $3,227,433
OTHER & RESERVES
Debt Service $321,153 $310,331 $304,415 $304,415 $298,187
Transfer to Capital Projects 0 0 0 0 0
Planned Contribution to Reserves 0 0 110,539 25,212 18,522
TOTAL OTHER & RESERVES $321,153 $310,331 $414,954 $329,627 $316,709
TOTAL EXPENDITURES $3,111,165 $3,255,966 $3,383,193 $3,383,193 $3,544,142

BALANCE $13,901 ($58,733) $0 $0 $0

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