Loading...
HomeMy WebLinkAbout03-2021 Golf FinMonthly Financial Statements - Golf March 2021 City of South Bend Venues Parks & Arts 219 S. St. Louis Blvd. South Bend, IN 46617 “We Build Community Through People, Parks, & Programs” 1 GOLF COURSE OPERATIONS STATEMENT OF REVENUES AND EXPENSES FOR THE THREE MONTHS ENDED MARCH 31, 2021 ELBEL ERSKINE STUDEBAKER TOTAL Golf Operating Revenues: Daily Green Fees 9,866$ 18,442$ -$ 28,308$ Season Ticket Sales (a) 49,361 135,798 - 185,159 Cart Rentals 3,641 8,033 - 11,674 Merchandise Sales 917 2,743 - 3,660 Driving Range 1,711 N/A N/A 1,711 Gift Certificates (Net) (724) (10,170) - (10,894) Miscellaneous 3,277 890 - 4,167 Total Golf Operating Revenues: 68,050$ 155,735$ -$ 223,785$ Concession Operating Revenues: Food Sales 1,027$ 655$ -$ 1,682$ Pop Sales 392 345 - 737 Alcohol Sales 1,756 1,607 N/A 3,363 Miscellaneous/Reservations/Other (16) 85 - 69 Total Concession Operating Revenues: 3,159$ 2,691$ -$ 5,851$ Total Operating Revenues:71,209$ 158,427$ -$ 229,635$ Golf Operating Expenses: Personnel (b) 67,526$ 67,526$ 15,006$ 150,059$ Shared Administrative Expenses (b) 35,190 35,190 7,820 78,200 Supplies 78,260 57,489 2,402 138,151 Contractual 4,763 7,954 1,251 13,968 Debt Service 151 151 34 337 Total Golf Operating Expenses: 185,890$ 168,311$ 26,512$ 380,714$ Total Operating Expenses: 185,890$ 168,311$ 26,512$ 380,714$ Operating Income (Loss) (114,682)$ (9,885)$ (26,512)$ (151,079)$ (a) Season ticket sales are allocated to Elbel, Erskine, and Studebaker based on percentage of season pass play. (27%, 73%, 0%, respectively) (b) Shared advertising revenues and administrative expenses are allocated to Elbel, Erskine, and Studebaker on a 45%, 45%, 10% basis, respectively. The expenses include shared personnel costs, supplies, contractuals, and administrative fees. 2 GOLF COURSE OPERATIONS REVENUES BY COURSE FOR THE THREE MONTHS ENDED MARCH 31, 2021 ELBEL ERSKINE STUDEBAKER TOTALS Revenue Percent Change Change 2020 2021 2020 2021 2020 2021 2020 2021 GREEN FEES $0 $9,866 $8,110 $18,442 $0 $0 8,110 $28,308 $20,198 249% SEASON PASS SALES 16,162 15,337 108,409 169,822 0 0 124,571 185,159 60,588 49% CART RENTALS 0 3,641 3,529 8,033 0 0 3,529 11,674 8,145 231% MERCHANDISE SALES 31 917 689 2,743 0 0 719 3,660 2,941 409% DRIVING RANGE RECEIPTS 0 1,711 N/A N/A N/A N/A 0 1,711 1,711 0% LEAGUE ENTRY FEES 0 0 0 0 0 0 0 0 0 0% TOTAL $16,193 $31,471 $120,736 $199,040 $0 $0 $136,929 $230,512 $93,583 68% 3 GOLF COURSE OPERATIONS COMPARATIVE ROUNDS PLAYED* 2018 THRU 2021 (THROUGH MARCH) AVERAGE GOLF COURSE 2018 2019 2020 2018-20 2021 Elbel (Daily) 21 234 0 85 491 Elbel (Season) 9 162 0 57 225 ELBEL TOTAL 30 396 0 142 716 CHANGE FROM PREV YR.1220% -100% 0% Erskine (Daily) 662 0 534 399 1,289 Erskine (Season) 334 2 226 187 619 ERSKINE TOTAL 996 2 760 586 1,908 CHANGE FROM PREV YR.-100% 37900% 151% Studebaker (Daily) 10 0 0 3 0 Studebaker (Season) 1 0 0 0 0 STUDEBAKER TOTAL 11 0 0 4 0 CHANGE FROM PREV YR.-100% 0% 0% Total (Daily) 693 234 534 487 1,780 Total (Season) 344 164 226 245 844 TOTAL COURSES 1,037 398 760 732 2,624 CHANGE FROM PREV YR.-62% 91% 245% *One "Round" = 18 Holes @ Elbel and Erskine One "Round" = 9 holes @ Studebaker 4 GOLF COURSE OPERATIONS DAILY FEE ROUNDS & SALES FOR THE THREE MONTHS ENDED MARCH 31, 2021 ELBEL ERSKINE TOTAL % OF % OF % OF ROUNDS ROUNDS % OF ROUNDS ROUNDS % OF ROUNDS ROUNDS % OF GREEN FEES PLAYED PLAYED SALES SALES PLAYED PLAYED SALES SALES PLAYED PLAYED SALES SALES Preferred Players Card - Weekend - Before 12:00 4 0.81% 69 0.70% 5 0.39% 100$ 0.54% 9 0.51% 169$ 0.60% Preferred Players Card - Weekend - After 2:00 15 3.05% 135 1.37% 21 1.63% 189 1.02% 36 2.02% 324 1.14% Preferred Player 18-Holes - Preferred Player - Weekday 65 13.24% 585 5.93% 90 6.98% 810 4.39% 155 8.71% 1,395 4.93% Preferred Player 9-Holes - Preferred Player - Weekday 5 1.02% 50 0.51% 13 1.01% 130 0.70% 18 1.01% 180 0.64% Preferred Player 9-Holes - Preferred Player - Weekend 7 1.43% 70 0.71% 4 0.31% 40 0.22% 11 0.62% 110 0.39% GolfNow Pay at Course 160 32.59%5,349 54.22%296 22.96%5,905 32.02%456 25.62%11,254 39.76% Fall - 18 Holes - Weekday 5 1.02% 75 0.76% - 0.00% - 0.00% 5 0.28% 75 0.26% Fall - 18 Holes - Weekend 21 4.28% 420 4.26% - 0.00% - 0.00% 21 1.18% 420 1.48% Spring - 18 Holes - Weekday - All Day 36 7.33% 534 5.41% 170 13.19% 2,529 13.71% 206 11.57% 3,063 10.82% Spring - 18 Holes - Weekend - After 2:00 7 1.43% 105 1.06% 24 1.86% 360 1.95% 31 1.74% 465 1.64% Spring - 18 Holes - Weekend - Before 2:00 77 15.68% 1,498 15.18% 159 12.34% 3,180 17.24% 236 13.26% 4,678 16.53% Spring - 9 Holes 83 16.90% 900 9.12% 466 36.15% 4,660 25.27% 549 30.84% 5,560 19.64% Spring - Junior - Weekday - 0.00% - 0.00% 1 0.08% 11 0.06% 1 0.06% 11 0.04% Spring - Senior - Weekday - 0.00% - 0.00% 17 1.32% 183 0.99% 17 0.96% 183 0.65% Spring - Senior -Weekend - 0.00% - 0.00% 23 1.78% 345 0.0187073 23 1.29% 345 1.22% Bounce Back 4 0.81% 44 0.45% - 0.00% - 0 4 0.22% 44 0.16% Other Weekend 2 0.41% 32 0.32% - 0.00% - 0.00% 2 0.11% 32 0.11% 0 TOTAL 491 100.00%$9,866 100.00%1,289 100.00%$18,442 100.00%1,780 100.00%$28,308 100.00% 5