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Golf Fund
<br /> Golf revenues from green fees are projected based on 52,750 rounds of play in FY 2019/20 and
<br /> 54,069 rounds in FY 2020/21. Revenues are projected to decrease by three percent in FY 2019/20
<br /> and increase by four percent in FY 2020/21. Expenses are projected to decrease by 0.4 percent in FY
<br /> 2017/18 and increase by three percent in FY 2020/21.
<br /> As a result of decreasing revenues and increasing expenses,the golf course will transfer
<br /> $12,004 in FY 2019/20 and $31,780 in FY 2020/21 to the General Fund to repay the General Fund
<br /> for loans made to the Golf Fund during development of the golf course is less than the $88,166
<br /> transferred out in FY 2018/19.The loan balance is expected to be approximately$6.1 million as of
<br /> June 30, 2019.
<br /> The following table summarizes the Golf Fund for the three years ending FY 2020/21.
<br /> Golf Operations
<br /> Actual
<br /> 017 8Mid-Year Projected Projected
<br /> 2018/19 2019/20 2020/21
<br /> Beginning Balance,July 1 $72,798 $1,126 $27,356 $27,356
<br /> Revenues 3,774,140 4,141,354 4,023,297 4,175,466
<br /> Expenses 3,566,661 3,824,958 3,810,128 3,934,913
<br /> Net 207,479 316,396 213,169 240,553
<br /> Transfer Out-
<br /> Golf Replacement (199,408) (202,000) (201,165) (208,773)
<br /> General Fund Loan Repaylrnt w,,,,,„.,,_ (79,743) (88,166) (12,004) (31,780)
<br /> Not Ircomo ($71,672) $26,230 $0 $0
<br /> Ending Balance,June 30r }
<br /> $27,356 $27,356
<br /> f
<br /> 39 City of Pleasanton Operating Budget • FY 2019/20 - FY 2020/21
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