HomeMy WebLinkAboutNo. 2542 determining to appropriate monies for the purpose of defraying the expenses of certain local public improvements for fiscal year beginning 1/1/09 and ending 12/31/09 including all outstanding claims and obligations. RESOLUTION NO. 2542
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, 2009 AND ENDING DECEMBER 31, 2009 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 2009, 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
2009, 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, 2009, 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 16, 2009 at 10:00 a.m., 1308 County -City -Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601
ATTEST:
Nancy N. Kid, Secretary
•
SOUTH BEND REDEVELOP ENT COMMISSION
Marcia I. Jones, President
Fund Golf Blackthorn Golf Course
Operations Budget
for Calendar Year 2009
Beginning Cash @ 1/1
Revenue:
Rounds (24,850)
Greens Fees
Golf Cart Income
Membership/Tee Time Revenue
Driving Range Income
Other Income
Lesson Instruction
Golf Shop Sales
Food & Beverage Sales
Total Revenue
Less Cost of Sales:
Golf Shop
Food &Beverage
Total Cost of Sales
Total Revenue less Cost of Sales
Operating Expenses:
Course Maintenance
Golf Operations /Pro Shop
Food & Beverage
Administration & Management
Total Operating Expenses
Net Operating Income
Capital Items & Debt Service:
Add:
Transfer of Funds from TIF
Less:
Capital Items
Debt Service
Change in Cash
0 Ending Cash @ End of Period
2009
Budget
$95,453
637,877
169,447
104,400
39,300
104,970
5,000
258,700
258.450
1,578,144
168,155
85.289
253,444
1,324,700
534,729
409,867
64,369
265.703
1,274,668
50,032
655,000
40,000
655,000
$105,485