HomeMy WebLinkAboutNo. 3158 Detg. to Aprop. Monies for the Purpose of defraying the exp. for the Fiscal Year beginning 01/01/2014 & ending 12/31/2014 including all outstanding claims & obligations, fixing a time when the same shall take effect.RESOLUTION NO. 3158
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, 2014 AND ENDING DECEMBER 31, 2014 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 2014, 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 2014,
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, 2014, 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 Thursday,
October 10, 2013 at 9:30 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South Bend,
Indiana 46601
SOUTH BEND REDEVELO ENT COMMISSION
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Fund 619
Blackthorn Golf Course
Operations Budget
For Calendar Year 2014
Budget
Beginning Cash @ 1/1 45,371
Revenue:
Greens Fees
632,278
Golf Cart Income
99,529
Membership/Tee Time Revenue
199,500
Driving Range Income
41,725
Other Golf Income
56,225
Lesson Instruction
8,500
LPGA Event Income
188,850
Golf Shop Sales
185,500
Food & Beverage Sales
239,100
Total Revenue
1,651,207
Less Cost of Sales:
Golf Shop 134,100
Food & Beverage 85,550
Total Revenue 219,650
Total Revenue Less Cost of Sales 1,431,557
Operating Expenses:
Golf Course Maintenance 516,068
Golf Operations/Pro Shop 430,952
Concessions 78,272
LPGA Event 135,000
Late Fees 5,000
Administration & Management 247,065
Total Operating Expenses 1,412,357
Net Operating Income 19,200
Capital Items Expense 10,578
Ending Cash @ End of Period 53,993