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ORDER APPROVING THE 2024-25 ALLING MEMORIAL GOLF COURSE ENTERPRISE FUND BUDGET
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ORDERED by the New Haven Board of Alders that the operating budget for the Alling Memorial Golf Course fund be and hereby is approved for FY 2024-2025 as follows:
For the Year Ending 6/30/2025
Fiscal Year 2025 Anticipated Beginning Balance 1,476,205
Anticipated Revenues for Fiscal Year 2024-25
Rental Revenues
Greens Fees 700,000
Cart Rental 290,000
Season Passes 52,000
Surcharge 90,000
Restaurant Income (Rent) 20,000
Locker Rental 0
Net Anticipated Revenue 1,152,000
Anticipated Expenditures for Fiscal Year 2024-25
Administrative Expenditures
Management Fee
(percentage NOI*-restaurant income) 850,000
Revenue Sharing 0
Golf Cart Rentals 65,000
Capital Allocations 100,000
Rolling Stock/Fleet Replacement 100,000
Net Anticipated Expenditures 1,115,000
FY 2024-25 Anticipated Operating Result Gain / (Loss) 37,000
FY 2024-25 Anticipated End of Year Balance 1,513,205