HomeMy WebLinkAboutNo. 2690 determining to appropriate monies for purpose of defraying expenses of certain local public improvements for fiscal year beginning 1/1/10 ending 12/31/10 including all oustanding claims/obligations, fixing a time when same shall take effect•
RESOLUTION NO. 2690
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, 2010 AND ENDING DECEMBER 31, 2010 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 2010, 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 2010, 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, 2010, 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 15,
2010 and amended Friday, June 18, 2010 both events occurring at 10:00 a.m., 1308 County -City Building, 227 West
Jefferson Boulevard, South Bend, Indiana 46601
ATTEST:
David A. Varner, Vice President
UTH BEND REDEVELOPMENT COMMISSION
arcia I. Jones; 6vesident
40 Fund 619
Blackthorn Golf Course
Operations Budget
for Calendar Year 2010
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:
Golf Course Maintenance
Golf Operations /Pro Shop
Concessions
Late Fees
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
Ending Cash @ End of Period
2010
Budget
$131,588
671,271
167,977
100,300
40,636
55,893
6,200
239,540
275.258
1,557,075
170,073
82.577
252,650
1,304,425
497,604
389,222
76,974
10,000
273.041
1,246,841
57,584
652,500
29,000
652,500
28,584
$160,172