HomeMy WebLinkAboutNo. 2217 appropriate monies to defray expenses of certain local public improvements for fiscal year beginning 1/1/2006 ending 12/31/2006 including all outstanding claims and obligations (Blackthorn Golf Course)RESOLUTION NO. 2217
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, 2006 AND ENDING DECEMBER 31, 2006 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 2006, 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:
I For the expenses of the Blackthorn Golf Course and its various divisions, for the fiscal year
2006, 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 31, 2006, 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 20, 2006 at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia I. Jones, dent
ATTEST:
Grery S. Do ecretary
Fund
Blackthorn Golf
Course
Operations Budget
for Calendar Year 2006
Total Expenses, Capital & Debt Service $1,916,928
Net Income for Fund 619 (90,423)
Ending Cash @ End of Period $100,000
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Original
Budget
Beginning Cash @ 1/1/06
$190,423
Revenue:
Rounds
25,800
Greens Fees
671,356
Golf Cart Income
278,663
Membership /Tee Time Revenue
48,900
Driving Range Income
42,570
Other Income
87,580
Lesson Instruction
7,000
Golf Shop Sales
203,466
Food & Beverage Sales
265,753
Transfer of Funds from TIF
412,710
Total Revenue
2,043,798
Less Cost of Sales:
Golf Shop
132,252
Food & Beverage
85,041
Total Cost of Sales
217,293
Total Revenue less Cost of Sales
1,826,505
Operating Expenses:
Golf Shop
421,457
Course Maintenance
475,158
Food & Beverage
51,613
Administration
236,700
Total Operating Expenses
1,184,928
Capital Items & Debt Service:
Capital Items
88,500
Debt Service
643,500
Total Capital & Debt Service
732,000
Total Expenses, Capital & Debt Service $1,916,928
Net Income for Fund 619 (90,423)
Ending Cash @ End of Period $100,000
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