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38 City of Pleasanton Operating Budget • FY 2023/24 - FY 2024/25
<br />Golf Fund
<br />For FY 2022/23, 69,529 rounds of golf are projected; for FY 2023/24 and FY 2024/25, this number is
<br />projected to decrease by about 3.8 percent or 66,914 rounds of golf. However, based on adjusted
<br />fees and merchandise sales projections, golf revenues are expected to continue to remain strong,
<br />projected at $6.0 million in FY 2023/24 and $6.2 million in FY 2024/25, compared to a conservative
<br />FY 2022/23 budget of $4.3 million. FY 2021/22 actual revenues were $6.0 million. Expenses are
<br />projected to increase by 22.3 percent from $4.0 million in FY 2022/23 to $4.8 million in FY 2023/24
<br />and to $4.9 million in FY 2024/25. Table 11 below summarizes the Golf Fund for the four years ending
<br />FY 2024/25.
<br />Sewer (O&M)Actual
<br />FY 21/22
<br />Modified
<br />FY 22/23
<br />Projected
<br />FY 23/24
<br />Projected
<br />FY 24/25
<br />Beginning Balance, July 1 $8,908,234 $9,155,248 $6,213,964 $6,179,047
<br />Revenues 16,071,498 16,092,658 16,529,500 17,222,500
<br />Net Transfers (447,036) (95,277) 1,134,000 135,000
<br />Expenses
<br />DSRSD (10,980,118) (11,000,000) (11,670,000) (12,020,000)
<br />All other expenses (4,397,330) (8,062,616) (6,028,417) (5,403,410)
<br />Total Expenses (15,377,448) (18,938,665) (17,698,417) (17,423,410)
<br />Net Income $247,014 ($2,941,284)($34,917)($65,910)
<br />Ending Balance, June 30 $9,155,248 $6,213,964 $6,179,047 $6,113,137
<br />Table 10: Sewer Operating Fund Projected Fund Balance
<br />Golf Operations Actual
<br />FY 21/22
<br />Modified
<br />FY 22/23
<br />Projected
<br />FY 23/24
<br />Projected
<br />FY 24/25
<br />Beginning Balance, July 1 $138,167 $1,835,443 $746,414 $1,159,765
<br />Revenues 5,979,366 4,327,368 5,997,010 6,236,771
<br />Expenses (4,073,996) (3,950,179) (4,831,879) (4,997,788)
<br />Net 1,905,370 377,189 1,165,131 1,238,983
<br />Transfers Out
<br />Golf Replacement (176,314) (934,438) (251,780) (251,780)
<br /> General Fund Loan Repaymt (31,780) (531,780) (500,000) (500,000)
<br />Net Income $1,697,276 ($1,089,029)$413,351 $487,203
<br />Ending Balance, June 30 $1,835,443 $746,414 $1,159,765 $1,646,968
<br />Table 11: Golf Operating Fund Projected Fund Balance
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