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Table 1 — Golf Rounds, Revenue and Expenses <br /> 7/1/20 thru 7/1/20 thru 7/1/19 thru <br /> 10/31/20 10/31/20 10/31/19 <br /> Budget Actual Actual <br /> Golf Rounds 22,548 24,327 20,619 <br /> Revenues <br /> Golf & Merchandise $1,226,787 $1,248,980 $1,115,172 <br /> Food & Beverage $405,579 $185,821 $456,565 <br /> Total Revenue $1,632,365 $1,434,800 $1,571,737 <br /> Operating Expenses <br /> Total Operating Expenses $1,383,345 $1,226,467 $1,267,631 <br /> Operating Surplus/(Deficit) $249,020 $208,333 $304,106 <br /> Additionally, the City and CourseCo will also perform a market study of the clubhouse that will <br /> help determine whether expansion of the facility and banquet services is feasible and <br /> profitable given the current design of the clubhouse and market competition in the Tri-Valley <br /> area for banquet venues. The study is not included in the cost of the operator agreement and <br /> will be initiated in spring 2021. <br /> Submitted by: Fiscal Review: Approved by: <br /> 4-047/41 <br /> Kathleen Yurchak Tina Olson Nelson Fialho <br /> Director of Operations and Director of Finance City Manager <br /> Water Utilities <br /> Attachments: <br /> 1. Extension and Amendment of Golf Course Operator Agreement <br /> Page 5 of 5 <br />