Loading...
HomeMy WebLinkAbout10-2021 Golf FinMonthly Financial Statements - Golf October 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 TEN MONTHS ENDED OCTOBER 31, 2021 ELBEL ERSKINE STUDEBAKER TOTAL Golf Operating Revenues: Daily Green Fees 397,660$ 311,594$ 62,298$ 771,552$ Season Ticket Sales (a) 66,751 85,471 65,981 218,203 Cart Rentals 189,927 161,645 23,951 375,523 Merchandise Sales 33,612 33,785 5,369 72,766 Driving Range 33,272 N/A N/A 33,272 Gift Certificates (Net) 5 - - 5 Miscellaneous 5,901 2,964 1,075 9,939 Total Golf Operating Revenues: 727,127$ 595,460$ 158,673$ 1,481,261$ Concession Operating Revenues: Food Sales 41,479$ 23,404$ 1,208$ 66,091$ Pop Sales 19,921 16,249 4,033 40,202 Alcohol Sales 84,100 60,390 N/A 144,490 Miscellaneous/Reservations/Other (1,841) 2,066 - 226 Total Concession Operating Revenues: 143,659$ 102,110$ 5,240$ 251,009$ Total Operating Revenues:870,786$ 697,570$ 163,914$ 1,732,270$ Golf Operating Expenses: Personnel (b) 363,965$ 363,965$ 80,881$ 808,810$ Shared Administrative Expenses (b) 81,771 81,771 18,171 181,713 Supplies 186,608 164,977 27,019 378,604 Contractual 63,610 37,411 19,270 120,290 Debt Service 33,213 33,213 7,381 73,806 Total Golf Operating Expenses: 729,165$ 681,336$ 152,721$ 1,563,222$ Operating Income (Loss) 141,621$ 16,234$ 11,192$ 169,048$ (a) Season ticket sales are allocated to Elbel, Erskine, and Studebaker based on percentage of season pass play. (31%, 39%, 30%, 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 TEN MONTHS ENDED OCTOBER 31, 2021 ELBEL ERSKINE STUDEBAKER TOTALS Revenue Percent Change Change 2020 2021 2020 2021 2020 2021 2020 2021 GREEN FEES $369,617 $396,565 318,311.08$ $313,422 77,241.00$ $62,188 765,169 $772,174 $7,006 1% SEASON PASS SALES 30,764 28,615 119,567.70$ 185,168 12,529.00$ 14,172 162,860 227,955 65,095 40% CART RENTALS 170,212 188,808 146,440.75$ 151,694 26,942.81$ 23,735 343,595 364,237 20,642 6% MERCHANDISE SALES 25,723 0 23,029.11$ 0 2,344.21$ 0 51,096 0 (51,096) -100% DRIVING RANGE RECEIPTS 30,332 0 N/A N/A N/A N/A 30,332 0 (30,332) 0% LEAGUE ENTRY FEES 0 0 -$ 0 -$ 0 0 0 0 0% TOTAL $626,647 $613,988 $607,349 $650,285 $119,057 $100,094 $1,353,052 $1,364,367 $11,314 1% 3 GOLF COURSE OPERATIONS COMPARATIVE ROUNDS PLAYED* 2018 THRU 2021 (THROUGH OCTOBER) AVERAGE GOLF COURSE 2018 2019 2020 2018-20 2021 Elbel (Daily) 13,400 14,401 18,232 15,344 19,213 Elbel (Season) 3,417 4,589 4,381 4,129 5,805 ELBEL TOTAL 16,817 18,990 22,613 19,473 25,018 CHANGE FROM PREV YR.13% 19% 11% Erskine (Daily) 14,898 13,146 18,580 15,541 17,069 Erskine (Season) 6,554 6,146 4,653 5,784 7,433 ERSKINE TOTAL 21,452 19,292 23,233 21,326 24,502 CHANGE FROM PREV YR.-10% 20% 5% Studebaker (Daily) 7,965 6,059 9,402 7,809 7,412 Studebaker (Season) 488 3,369 5,952 3,270 5,738 STUDEBAKER TOTAL 8,453 9,428 15,354 11,078 13,150 CHANGE FROM PREV YR.12% 0% -14% Total (Daily) 36,263 33,606 46,214 38,694 43,694 Total (Season) 10,459 14,104 14,986 13,183 18,976 TOTAL COURSES 46,722 47,710 61,200 51,877 62,670 CHANGE FROM PREV YR.2% 28% 2% *One "Round" = 18 Holes @ Elbel and Erskine One "Round" = 9 holes @ Studebaker 4 GOLF COURSE OPERATIONS DAILY FEE ROUNDS & SALES FOR THE TEN MONTHS ENDED OCTOBER 31, 2021 ELBEL ERSKINE TOTAL % OF % OF % OF ROUNDS ROUNDS % OF ROUNDS ROUNDS % OF ROUNDS ROUNDS % OF GREEN FEES PLAYED PLAYED SALES SALES PLAYED PLAYED SALES SALES PLAYED PLAYED SALES SALES Preferred Players Card - Weekend - Before 12:00 611 3.18% 13,337 3.36% 351 2.06% 7,720$ 2.46% 962 2.65% 21,057$ 2.97% Preferred Players Card - Weekend - After 2:00 388 2.02% 3,483 0.88% 342 2.00% 3,074 0.98% 730 2.01% 6,557 0.92% Preferred Players Card - Weekend - 12:00 - 2:00 - 0.00% - 0.00% 65 0.38% 1,275 0.41% 65 0.18% 1,275 0.18% Preferred Player 18-Holes - Preferred Player - Weekday 2,476 12.89% 22,269 5.62% 2,287 13.40% 20,713 6.61% 4,763 13.13% 42,982 6.05% Preferred Player 9-Holes - Preferred Player - Weekday 946 4.92% 9,431 2.38% 1,448 8.48% 14,470 4.62% 2,394 6.60% 23,901 3.37% Preferred Player 9-Holes - Preferred Player - Weekend 48 0.25% 475 0.12% 68 0.40% 680 0.22% 116 0.32% 1,155 0.16% Preferred Players Card - Labor Day 14 0.07% 269 0.07% 1 0.01% 10 0.00% 15 0.04% 279 0.04% Preferred Players Card - Memorial Day 22 0.11% 341 0.09% - 0.00% - 0.00% 22 0.06% 341 0.05% Preferred Players Card - Independence Day 14 0.07% 261 0.07% - 0.00% - 0.00% 14 0.04% 261 0.04% League - 9 Holes - 0.00% - 0.00% 181 1.06% 2,534 0.81% 181 0.50% 2,534 0.36% GolfNow Pay at Course 3,825 19.91%133,830 33.75%2,619 15.34%88,199 28.14%6,444 17.76%222,029 $0.31 18 Holes - Weekday - After 3 :00 401 2.09% 8,551 2.16% 74 0.43% 1,592 0.51% 475 1.31% 10,143 $0.01 18 Holes - Weekday - Before 3 :00 1,398 7.28% 33,276 8.39% 702 4.11% 17,907 5.71% 2,100 5.79% 51,183 $0.07 18 Holes - Weekend - After 3:00 194 1.01% 4,143 1.04% 130 0.76% 2,770 0.88% 324 0.89% 6,913 0.97% 18 Holes - Weekend - Before 2:00 - 0.00% - 0.00% 92 0.54% 2,934 0.94% 92 0.25% 2,934 0.41% 18 Holes - Weekend - Before 3:00 1,916 9.97% 56,771 14.32% 1,183 6.93% 37,668 12.02% 3,099 8.54% 94,439 13.30% 9 Holes 3,326 17.31% 48,123 12.13% 4,054 23.75% 58,994 18.82% 7,380 20.34% 107,117 15.09% Fall - 18 Holes 819 4.26% 13,948 3.52% 87 0.51% 1,190 0.38% 906 2.50% 15,138 2.13% Fall - 9 Holes - 0.00% - 0.00% 72 0.42% 720 0.23% 72 0.20% 720 0.10% Junior - Weekday 21 0.11% 634 0.16% 246 1.44% 4,083 1.30% 267 0.74% 4,717 0.66% Junior - Weekend 13 0.07% 480 0.12% 106 0.62% 2,310 0.74% 119 0.33% 2,790 0.39% Senior - Weekday 1,194 6.21% 21,212 5.35% 784 4.59% 14,110 4.50% 1,978 5.45% 35,322 4.98% Senior -Weekend 81 0.42% 1,782 0.45% 62 0.36% 1,362 0.43% 143 0.39% 3,144 0.44% Spring - 18 Holes - Weekday 360 1.87% 5,338 1.35% 355 2.08% 5,277 1.68% 715 1.97% 10,615 1.50% Spring - 18 Holes - Weekend 205 1.07% 4,078 1.03% - 0.00% - 0.00% 205 0.57% 4,078 0.57% Spring - 18 Holes - Weekend - After 2:00 7 0.04% 105 0.03% 48 0.28% 725 0.23% 55 0.15% 830 0.12% Spring - 18 Holes - Weekend - Before 2:00 77 0.40% 1,498 0.38% 372 2.18% 7,440 2.37% 449 1.24% 8,938 1.26% Spring - 18 Holes - Weekend - After 3:00 9 135.00% 135 0.03% - 0.00% - 0.00% 9 0.02% 135 0.02% Spring - 18 Holes - Weekend - Before 3:00 106 0.55% 2,118 0.53% - 0.00% - 0.00% 106 0.29% 2,118 0.30% Spring - 9 Holes 476 2.48% 5,210 1.31% 942 5.52% 9,420 3.01% 1,418 3.91% 14,630 2.06% Spring - Junior - 0.00% - 0.00% 15 0.09% 171 0.05% 15 0.04% 171 0.02% Spring - Senior - Weekday - 0.00% - 0.00% 119 0.70% 1,293 0.41% 119 0.33% 1,293 0.18% Spring - Senior -Weekend - 0.00% - 0.00% 35 0.21% 525 0.17% 35 0.10% 525 0.07% 28 For $28 - 18 Holes - 0.00% - 0.00% 121 0.71% 1,452 0.46% 121 0.33% 1,452 0.20% Bounce Back 54 0.28% 610 0.15% - 0.00% - 0.00% 54 0.15% 610 0.09% Labor Day - 18 Holes 31 0.16% 828 0.21% 16 0.09% 502 0.16% 47 0.13% 1,330 0.19% Labor Day - 9 Holes 13 0.07% 234 0.06% 22 0.13% 396 0.13% 35 0.10% 630 0.09% Memorial Day - 18 Holes 44 0.23% 1,338 0.34% 49 0.29% 1,542 0.49% 93 0.26% 2,880 0.41% Memorial Day - 9 Holes 16 0.08% 280 0.07% 14 0.08% 252 0.08% 30 0.08% 532 0.07% Independence Day - 18 Holes 39 0.20% 1,110 0.28% - 0.00% - 0.00% 39 0.11% 1,110 0.16% Independence Day - 9 Holes 8 0.04% 140 0.04% - 0.00% - 0.00% 8 0.02% 140 0.02% Other 61 0.32% 928 0.23% 7 0.04% 112 0.04% 68 0.19% 1,040 0.15% TOTAL 19,213 234.95%$396,565 100.00%17,069 100.00%$313,422 100.00%36,282 100.00%$709,987 100.00% 5