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Golf Fund Golf revenues from green fees are projected based on 53,000 rounds of play in FY 2021/22 and 54,060 rounds in FY 2022/23. Revenues are projected to increase by 6.3 percent in FY 2021/22 and increase by 4.1 percent in FY 2022/23. Expenses are projected to increase by 3.8 percent in FY 2021/22 and increase by four percent in FY 2022/23. As a result of revenues increasing greater than expenses,the golf course will generate ending fund balances of$154,019 and $314,990 in FY 2021/22 and FY 2022/23. Staff will recommend using actual ending fund balances to repay the General Fund for loans made to the Golf Fund during development of the golf course during the midyear budget reviews.The loan balance is expected to be approximately$6.0 million as of June 30,2021. The following table summarizes the Golf Fund for the four years ending FY 2022/23. Golf Operations Actual Adjusted Projected Projected 2019/20 2020/21 2021/22 2022/23 Beginning Balance,July 1 - - - $154,019 Revenues 3,234,187 3,918,466 4,164,886 4,327,368 Expenses 3,225,602 3,662,913 3,802,773 3,950,179 Net 8,585 255,553 362,113 377,189 Transfer Out- Golf Replacement (8,585) (223,773) (208,094) (216,218) General Fund Loan Repaymt (31,780) Net Income - - $154,019 $160,971 Ending Balance,June 30 $154,019 $314,990 41 City of Pleasanton Operating Budget • FY 2021/22 - FY 2022/23