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RESOLUTION NO. 2630
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION DETERMINING
TO APPROPRIATE MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF
CERTAIN LOCAL PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING
JANUARY 1, 2011 AND ENDING DECEMBER 31, 2011 INCLUDING ALL OUTSTANDING
CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
WHEREAS, the South Bend Redevelopment Commission is the lessee of certain local public
improvements which, during calendar year 2011, realize revenues and incur expenses in connection with the
operation and maintenance of the same; and
WHEREAS, the South Bend Redevelopment Commission has determined that it is necessary to
appropriate the revenues of certain public improvements in order to defray the expenses of those local public
improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE SOUTH BEND REDEVELOPMENT
COMMISSION AS FOLLOWS:
1. For the expenses of the Blackthorn Golf Course and its various divisions, for the fiscal year 2011, the sums
of money, as set forth in the budget which is made a part hereof, are hereby appropriated and ordered set apart out of
the funds hereinafter named, and for the purposes hereinafter specified, subject to the laws governing the same. The
sums herein appropriated shall be deemed to include all expenditures authorized to be made in said year, unless
otherwise expressly stipulated or provided by law.
2. For the fiscal year ending December 3l .2011, the above referenced appropriations are made within the
Blackthorn Golf Course Fund.
This resolution shall be in full force and effect from and after its adoption.
Adopted at the regular meeting of the South Bend Redevelopment Commission held Friday, January 14,
2011 at 10:00 a.m.. 1308 County-City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601
SOUTH BEND REDEVELOPMENT COMMISSION
ATTEST:
Publish January 1, 2011
Fund 619
Blackthorn Golf Course
Operations Budget
for Calendar Year 2011
2011
Budget
Beginning Cash @ 1/1 $86,888
Revenue:
Rounds (28,312)
Greens Fees 687,279
Golf Cart Income 132,990
Membership/Tee Time Revenue 163,000
Driving Range Income 45,006
Other Income 66,248
Lesson Instruction 0
Golf Shop Sales 214,383
Food & Beverage Sales 238,514
Total Revenue 1,547,420
Less Cost of Sales:
Golf Shop 152,850
Food & Beverage 87,296
Total Cost of Sales 240,146
Total Revenue less Cost of Sales 1,307,275
Operating Expenses:
Golf Course Maintenance 502,485
Golf Operations/Pro Shop 414,281
Concessions 65,451
Administration & Management 267,991
Total Operating Expenses 1,250,208
Net Operating Income 57,067
Capital Items & Debt Service:
Add:
Less:
Transfer of Funds from TIF 652,500
Capital Items 37,851
Debt Service 652,500
Change in Cash 38,584
Ending Cash @ End of Period $179,216