Site of AmericA S first 18-Hole Golf Course

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1 Site of AmericA S first 18-Hole Golf Course 1

2 CY 2011 Golf Program Review CY 2012 Proposed Policy FY Proposed Budget February 16,

3 CY 2011 Executive Summary 3

4 CY 2011 Executive Summary New Programs Participants All American Hickory Open 38 Start Smart Golf Camps 14 Girls Only Golf Camp 40 Father/Son Tournament 12 Total Program Participation = 1,590 in 2011 vs. 1,447 in

5 CY 2011 Financial Summary Revenue Expenses - Green Fees $ 475,536 - Operating $ 896,747 - Driving Range $ 96,766 - Capital $ 46,285 - Registration Fees $ 126,910 Total 2011 Expenses $ 943,032 - Gas Cart Rentals $ 92,649 Total 2010 Expenses $ 994,854 - Food & Beverage $ 87,609 - Season Passes $ 52,005 - Pro Shop $ 13,795 - Pull Cart/Club Rental $ 12,339 - Clubhouse Rentals $ 7,961 - Miscellaneous Receipts $ 7,850 Total 2011 Net Income $ 31,726 - Interest Earned $ 1,338 Total 2010 Net Income $ 45,440 Total 2011 Revenue $ 974,758 Total 2010 Revenue $ 1,040,294 Unplayable days

6 CY 2011 Executive Summary 6

7 Capital Projects Completed #7 Fairway Drainage Improvement Expansion of Driving Range Front Entrance Landscaping 7

8 Proposed Budget FY

9 FY Proposed Budget Overview 9

10 FY Proposed Budget Overview 10

11 FY Proposed Budget Revenue Highlights Total Revenue $1,128,220 / Anticipated increase of 11.7% Registration Fees - anticipated increase in participation and additional programming Greens Fee / Driving Range / Cart Rentals - anticipate better weather conditions for increased rounds, buckets and rentals 11

12 FY Proposed Budget Revenue - Greens Fee and Cart Rates (Curent) (Option A) (Option B) (Option C) Downers Downers Downers Downers Sugar Village River Grove Grove Grove Grove Creek Links Bend M-F Resident $17.00 $19.00 $19.00 $17.50 $16.00 $15.00 $15.00 M-F Res Jr/Sr $14.00 $16.00 $16.00 $14.50 $14.00 $13.00 $13.00 S-S-H Res $18.00 $20.00 $19.00 $18.50 $17.00 $17.00 $17.00 M-F Non-Res $18.50 $19.00 $19.00 $19.00 $18.00 $20.00 $19.00 M-F Non-Res Jr/Sr $15.50 $16.00 $16.00 $16.00 $17.00 N/A $16.00 S-S-H Non-Res $19.50 $20.00 $19.00 $20.00 $19.00 $24.00 $22.00 Total $498,025 $520,500 $508,450 $509,875 Double Cart $16.00 $18.00 $18.00 $18.00 $16.00 $20.00 $18.00 Single Cart $13.00 $12.00 $12.00 $12.00 $16.00 $10.00 $10.00 Pull Cart $3.00 $3.00 $3.00 $3.00 $3.00 $3.00 $ Rounds 37,781 28,921 35,892 22,901 Course Yardage 3,280 2,344 3,303 3,238 Increase in greens fees and cart fees based on comparable 9 hole courses 12

13 FY Proposed Budget Value Pass Rates Curent Option A Option B Option C Value Pass 10 Play Anytime Res $ $ $ $ Value Pass 10 Play M-F Jr/Sr Res $ $ $ $ Value Pass 10 Play Anytime NR $ $ $ $ Value Pass 10 Play M-F Jr/Sr NR $ $ $ $ Anticipated Revenue $57,865 $57,865 $57,970 Value Pass calculation based on 2011 quantity sold 13

14 FY Proposed Budget Driving Range Rates (Curent) (Proposed) Downers Downers Sugar Village Zigfield Grove Grove Creek Links Troy Small $4.50 $4.75 $4.00 $5.00 $4.50 Medium $6.50 $6.75 $9.00 $7.50 $6.00 Large $8.50 $8.75 $13.00 $10.00 $9.00 Downers Grove Sugar Creek Village Links Zigfield Troy 24 Station 25 Station 33 Station 60 Station 14

15 FY Proposed Budget Local Course Analysis Rounds Downers Grove 44,274 37,781 decrease of 15% River Bend 29,750 22,901 decrease of 23% Sugar Creek 41,000 28,921 decrease of 30% Village Links 38,661 35,892 decrease of 7% Average decrease of 19% 15

16 FY Proposed Budget National Golf Foundation 2011 Rounds Downers Grove Golf Course decreased golf rounds by 15.0% The East North Central Region decreased golf rounds by 9.7% US Average showed decrease of 3.3% in rounds nationally 16

17 FY Proposed Budget Expense Highlights Total Expense $992,810 - Anticipated Increase of 4.3% Salaries and Wages - Additional programming and wage adjustment Contractual Services - Increases in garbage service - Anticipated increase in building repairs - Includes FICA, IMRF and Liability Insurance Utilities - Increase in water fees - Fluctuations with natural gas expenses Materials and Supplies - Reduction in driving range supplies and custodial supplies Capital Outlay - Increase for equipment replacement and planned improvements 17

18 FY Capital Highlights Land Improvements Tee Renovations (#1, #3, #7, #9) - $15,000 Clubhouse Landscaping- $5,000 Drill Seeding Holes (#3, #4, #5, #9) - $2,500 Storage Cart & Clubhouse Perimeter Paving - $20,000 Equipment Replacement Slitseeder - $18,600 18

19 FY Tee Improvements & Paving Plan #7 Gold & Red #9 Red #1 Blue & White #3 Red 19

20 FY Proposed Budget Net Operating Income Referencing page 33, the FY anticipated figures show a net operating income (excluding capital outlays and capital project transfers) of $106,652 and the FY proposed figures show a net operating income of $196,510 (excluding capital outlays and capital project transfers). It should be noted that the FY anticipated figures reflect a $50,000 transfer to Park District Capital Fund 01. For FY , no transfer to the Capital Fund is being proposed. Total Revenue $1,128,220 Total Operating Expense $ 931,710 Total Net Operating Income $ 196,510 Capital Outlay $ 61,100 Net Income $ 135,410 20

21 Recommendation Staff recommends the Board approve the 2012 Policy and FY Golf Course Budget as presented. 21

22 Questions and Questions Answers and Answers 22