RES 17954 - Laserfiche WebLink

Golf Fund Golf revenues from green fees are projected based on 55,650 rounds of play in FY 2017/18 and W 57,319 rounds in FY 2018/19. Revenues are projected to decrease by 3.6% in FY 2017/18 and increase by 3% in FY 2018/19. Expenses are projected to increase by 2.6% in FY 2017/18 and increase by 3% in FY 2018/19. 3 As a result of decreasing revenues and increasing expenses, the golf course will transfer $78,780 in FY 2017/18 and $87,203 in FY 2018/19 to the General Fund to repay the General Fund for loans made to the Golf Fund during development of the golf course which is considerably less than the $341,301 transferred out in FY 2016/17. The loan balance is approximately$6.4 million as of June 30, 2017. The following table summarizes the Golf Fund for the three years ending FY 2018/19. Golf Course Operating Fund FY 2016/17 Midyear FY 2017/18 FY 2018/19 Golf Operations Budget Projected % Change Projected % Change July 1, Beginning Fund Balance $116,233 $116,233 0% $142,633 23% Revenues 4,169,522 4,020,731 -3.6% 4,141,354 3.0% Expenses 3,620,221 3,713,551 2.6% 3,824,958 3.0% Net Income from Operations 549,301 307,180 316,396 Transfer Out - Golf Replacement (208,000) (202,000) -2.9% (202,000) 0.0% General Fund Loan Repayment (341,301) (78,780) -76.9% (87,203) 10.7% Net Income - 26,400 27,193 June 30, Ending Fund Balance $116,233 $142,633 $169,826 Cemetery Fund Pleasanton Pioneer Cemetery is overseen by the Community Services Department. A part-time Program Assistant coordinates the day to day operations and provides project management assistance. The cemetery is maintained under service contracts with Graham Hitch Mortuary providing sales and burial coordination and Monte Vista Memorial Gardens providing grounds maintenance and burial services. The program currently operates with a General Fund subsidy. The General Fund provides a $45,000 annual subsidy to the fund for maintenance of the facility. There is a $500,000 inter-fund loan to the Cemetery Fund to help fund Cemetery Masterplan projects approved by City Council in FY 2015/16 that is still outstanding. The inter-fund loan is causing a negative fund balance in the Cemetery Fund. There is also $500,000 included in the FY 2017/18 Parks CIP Reserve to help fund projects included in the Cemetery Masterplan.