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Page 3 of 3 <br />ONE Pleasanton Citywide Strategic Plan <br />• Funding our Future – Strategy 1. Develop a long-term strategy for funding operations <br />and maintenance needs to ensure reliability of community-owned facilities and <br />infrastructure and continuity of City services <br /> <br /> <br />FINANCIAL STATEMENT <br />For FY2024/25, the annual golf course operating costs are projected to be $4.2 million, with <br />gross operating revenues of $5.6 million forecasted and net operating income of $1.4 million. <br />The proposed fee increases are estimated to generate an additional $212,000 in revenue for <br />FY2025/26 over the current rate structure. Revenue generated over cost is allocated towards <br />ongoing capital replacements, thus reducing contributions from the City’s General Fund. The <br />fund balance for the Golf Course Repair and Replacement Fund (517) is $1,012,376. <br />Expenditures from this fund vary from year to year. For FY 2024/25, a total of $454,189 has <br />been spent to date. <br /> <br />Prepared by: <br /> <br />Tamara Baptista, Assistant Dir. of Public Works - Operations & Maintenance <br /> <br />Attachments: <br />1. Callippe Preserve Golf Course Fee Proposal <br />2. Competitive Fee Survey <br /> <br />Page 8 of 29