Site of AmericA S first 18-Hole Golf Course 1
CY 2011 Golf Program Review CY 2012 Proposed Policy FY 2012-2013 Proposed Budget February 16, 2012 2
CY 2011 Executive Summary 3
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 2010 4
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 2011 83 2010 53 5
CY 2011 Executive Summary 6
Capital Projects Completed #7 Fairway Drainage Improvement Expansion of Driving Range Front Entrance Landscaping 7
Proposed Budget FY 2012-13 8
FY 2012-13 Proposed Budget Overview 9
FY 2012-13 Proposed Budget Overview 10
FY 2012-13 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
FY 2012-13 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 $3.00 2011 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
FY 2012-13 Proposed Budget Value Pass Rates Curent Option A Option B Option C Value Pass 10 Play Anytime Res $170.00 $185.00 $180.00 $180.00 Value Pass 10 Play M-F Jr/Sr Res $140.00 $150.00 $150.00 $140.00 Value Pass 10 Play Anytime NR $185.00 $185.00 $185.00 $195.00 Value Pass 10 Play M-F Jr/Sr NR $155.00 $150.00 $150.00 $155.00 Anticipated Revenue $57,865 $57,865 $57,970 Value Pass calculation based on 2011 quantity sold 13
FY 2012-13 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
FY 2012-13 Proposed Budget Local Course Analysis Rounds 2010 2011 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
FY 2012-13 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
FY 2012-13 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
FY 2012-13 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
FY 2012-13 Tee Improvements & Paving Plan #7 Gold & Red #9 Red #1 Blue & White #3 Red 19
FY 2012-13 Proposed Budget Net Operating Income Referencing page 33, the FY 2011-12 anticipated figures show a net operating income (excluding capital outlays and capital project transfers) of $106,652 and the FY 2012-13 proposed figures show a net operating income of $196,510 (excluding capital outlays and capital project transfers). It should be noted that the FY 2011-12 anticipated figures reflect a $50,000 transfer to Park District Capital Fund 01. For FY 2012-13, 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
Recommendation Staff recommends the Board approve the 2012 Policy and FY 2012-2013 Golf Course Budget as presented. 21
Questions and Questions Answers and Answers 22