HomeMy WebLinkAboutNo. 1813 appropriating monies for the purpose of defraying the expenses of certain local public improvements for the fiscal year beginning 1/1/2001 and ending 12/31/2001 including all outstanding claims and obligationsRESOLUTION NO. 1813
A RESOLUTION OF THE SOUTH BEND REDEVELOPMENT COMMISSION APPROPRIATING
MONIES FOR THE PURPOSE OF DEFRAYING THE EXPENSES OF CERTAIN LOCAL
PUBLIC IMPROVEMENTS FOR THE FISCAL YEAR BEGINNING JANUARY 1, 2001,
AND ENDING DECEMBER 31, 2001, 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 2001, 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, for the fiscal year 2001, the sums of
money, as set forth in the budget which is made a part hereof, are hereby appropriated and ordered set
IL 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, 2001, the above referenced appropriations are
made within the Blackthorn Golf Course Fund.
3. 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,
December 15, 2000, at 10:00 a.m., 1308 County-City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601.
SOUTH BE EDEVELOPMENT COMMISSION
Robert W. Hunt, President
ATTEST:
OPERATING EXPENSES
Pro Shop
2001 BLACKTHORN GOLF COURSE BUDGET
PROJECTED CASH BALANCE 1 /1 /01
$417,349
OPERATING REVENUE
(53,247)
Green Fees
897,292
Golf Carts
256,469
Membership
12,150
435,012
Driving Range
52,380
852,362
Other Golf
4,656
Instruction
49,300
Merchandise
182,675
Food and Beverage
253.570
49( 9.500)
TOTAL REVENUE
1,708,492
$352,862
LESS: COST OF SALES
Instruction
37,961
Pro Shop
124,219
Food & Beverage
86.214
TOTAL COST OF SALES
248,394
TOTAL OPERATING REVENUE
LESS COST OF SALES
1,460,097
OPERATING EXPENSES
Pro Shop
(290,420)
Course Maintenance
(448,680)
Food & Beverage
(53,247)
Administration
23� 2.739)
TOTAL OPERATING EXPENSES
(1,025,085)
OPERATING INCOME
435,012
TOTAL
852,362
DEBT SERVICE
February 2000
(235,500)
August 2000
26( 4.000)
TOTAL DEBT SERVICE
49( 9.500)
NET OPERATING INCOME
$352,862