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Fund 619
<br />Blackthorn Golf Course
<br />Operations Budget
<br />for Calendar Year 2011
<br />Less Cost of Sales:
<br />Golf Shop 152,850
<br />Food & Beverage 87,296
<br />Total Cost of Sales 240,146
<br />Total Revenue less Cost of Sales 1,307,275
<br />Operating Expenses:
<br />Golf Course Maintenance 502,485
<br />Golf Operations /Pro Shop 414,281
<br />Concessions 65,451
<br />Administration & Management 267,991
<br />Late Fees 5,000
<br />Total Operating Expenses 1,255,208
<br />Net Operating Income 52,067
<br />Capital Items & Debt Service:
<br />Add:
<br />Transfer of Funds from TIF 651,500
<br />Less:
<br />Capital Items 37,851
<br />Debt Service 651,500
<br />Change in Cash 14,215
<br />f Period 174 216
<br />Ending Cash @ End o e o $ ,
<br />2011
<br />Budget
<br />Beginning Cash @ 1/1
<br />$160,000
<br />Revenue:
<br />Rounds (28,312)
<br />Greens Fees
<br />687,279
<br />Golf Cart Income
<br />132,990
<br />Membership/Tee Time Revenue
<br />163,000
<br />Driving Range Income
<br />45,006
<br />Other Income
<br />66,248
<br />Lesson Instruction
<br />0
<br />Golf Shop Sales
<br />214,383
<br />Food & Beverage Sales
<br />238,514
<br />Total Revenue
<br />1,547,420
<br />Less Cost of Sales:
<br />Golf Shop 152,850
<br />Food & Beverage 87,296
<br />Total Cost of Sales 240,146
<br />Total Revenue less Cost of Sales 1,307,275
<br />Operating Expenses:
<br />Golf Course Maintenance 502,485
<br />Golf Operations /Pro Shop 414,281
<br />Concessions 65,451
<br />Administration & Management 267,991
<br />Late Fees 5,000
<br />Total Operating Expenses 1,255,208
<br />Net Operating Income 52,067
<br />Capital Items & Debt Service:
<br />Add:
<br />Transfer of Funds from TIF 651,500
<br />Less:
<br />Capital Items 37,851
<br />Debt Service 651,500
<br />Change in Cash 14,215
<br />f Period 174 216
<br />Ending Cash @ End o e o $ ,
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