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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 Actual Mid-Year Projected Projected <br /> 2017/18 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 Repaymt (79,743) (88,166) (12,004) (31,780) <br /> � 320230 30 30 <br /> Ending Balance,June 30 $1,126 $27,356 $27,356 AM& $27,356 <br /> 39 City of Pleasanton Operating Budget • FY 2019/20 - FY 2020/21 <br />