HomeMy WebLinkAboutNo. 2986 determining to appropriate monies for the purpose of defraying expenses of certain local public improvements for fiscal year beginning 1-1-12 ending 12-31-12 including all outstanding claims/obligations, fixing a time when same shall take effectC, RESOLUTION NO. 2986
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, 2012 AND ENDING DECEMBER 31, 2012 INCLUDING ALL OUTSTANDING
CLAIMS AND OBLIGATIONS, FIXING A TIME WHEN THE SAME SHALL TAKE EFFECT
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 2012, 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, 2012, the above referenced appropriations are made within
fir A
e 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 Tuesday, January 24,
2012 at 4:00 p.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend, Indiana 46601
SOUTH END REDEVELOFWNT COMMISSION
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Marcia I. Jones, P esident
ATTEST:
Nancy . K' g, Secret y
Fund 619
Blackthorn Golf
Course
Operations Budget
For Calendar Year 2012
2012
Budget
Beginning Cash @ 111 54,646
Revenue:
Rounds (28,605)
Greens Fees 709,416
Golf Cart Income 82,653
Membership/Tee Time Revenue 186,709
Driving Range Income 45,448
Other Golf Income 59,804
Lesson Instruction 0
Golf Shop Sales - Merchandise 179,321
Food & Beverage Sales 250,548
Total Revenue 1,513,899
Less Cost of Sales:
Pro Shop 132,090
Food & Beverage 89,403
Total Cost of Sales 221,493
Total Revenue less Cost of Sales 1,292,406
Operating Expenses:
Pro Shop 422,577
Course Maintenance 505,933
Food & Beverage 65,605
Administration 260,987
Total Operating Expenses 1,255,102
Operating Income 37,304
��apital Expense 8,004
ding Cash Balance 83,946