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Table 7. Golf Course 0 erations Fund Bud et Ad'ustments
<br /> Original Revised Change
<br /> Budget Estimates
<br /> Be. innin Balance, Jul 1, 2009 1,845,130 1,843,922 (1,208)
<br /> Revenue
<br /> Green Fees 2,630,297 2,470,297 (160,000)
<br /> Other Revenue 1,897,000 1,830,635 (66,365)
<br /> Interest 41,300 41,300
<br /> Total Revenue 4,568,597 4,342,232 (226,365)
<br /> Transfers In (Out)
<br /> From General Fund: Contribution 200,000 200,000
<br /> To 2003 COP Fund: Debt Service (1,596,045) (1,596,045)
<br /> Net Transfers $(1,396,045) (1,396,045)
<br /> Expenses
<br /> Wages 1,524,319 1,509,319 (15,000)
<br /> Materials Supplies 855,105 747,605 (107,500)
<br /> Services 601,975 606,475 4,500
<br /> Leases 321,319 321,319
<br /> Water 446,950 434,950 (12,000)
<br /> Management Fees 174,000 174,000
<br /> Total Expenses 3,923,668 3,793,668 (130,000)
<br /> Net Income 1$ (751,116)1 (847,481)1 (96,365)1
<br /> 'Ending Balance, June 30, 2010 1$ 1,094,014 1 996,441 1 (97,573)
<br /> Internal Service Funds
<br /> Employee Benefit Fund The Employee Benefit Fund receives revenues from
<br /> charging an overall percentage on every position to pay for health, dental, vision and
<br /> retirement costs. Because the overall personnel costs have been reduced in the
<br /> General Fund and other funds, both the amount of the charges that go to the Employee
<br /> Benefit Fund and the expenses for benefits are correspondingly reduced. The
<br /> recommended adjustments will decrease revenues and expenses by $723,500. This is
<br /> due to the combination of the benefit cost for vacant positions being reduced and the
<br /> YTD cost for medical premiums being less than assumed in the adopted budget.
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