HomeMy WebLinkAbout6. A (19) & (20) Res. 2542RESOLUTION NO. 2542
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, 2009 AND ENDING DECEMBER 31, 2009 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 2009, 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
2009, 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, 2009, 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,
January 16, 2009 at 10:00 a.m., 1308 County -City Building, 227 West Jefferson Boulevard, South
Bend, Indiana 46601
SOUTH BEND REDEVELOPMENT COMMISSION
Marcia 1. Jones, President
ATTEST:
Nancy N. King, Secretary
Fund 619
Blackthorn Golf Course
Operations Budget
for Calendar Year 2009
2009
Budget
Beginning Cash @ 111 $95,453
Revenue:
Rounds (24,850)
Greens Fees
637,877
Golf Cart Income
169,447
Membership /Tee Time Revenue
104,400
Driving Range Income
39,300
Other Income
104,970
Lesson Instruction
5,000
Golf Shop Sales
258,700
Food & Beverage Sales
258,450
Total Revenue
1.578.144
Less Cost of Sales:
Golf Shop 168,155
Food & Beverage 85,289
Total Cost of Sales 253,444
Total Revenue less Cost of Sales 1,324,700
Operating Expenses
Course Maintenance 534,729
Golf Operations /Pro Shop 409,867
Food & Beverage 64,369
Administration & Management 265,703
Total Operating Expenses 1,274,668
Net Operating Income 50,032
Capital Items & Debt Service:
Add:
Less:
Transfer of Funds from TIF 655.000
Capital Items 40,000
Debt Service 655,000
Change in Cash
Ending Cash @ End of Period $105,485