Title
ORDER APPROVING THE OPERATING BUDGET OF THE ALLING MEMORIAL GOLF COURSE ENTERPRISE FUND BUDGET
BODY ORDERED by the New Haven Board of Alders that the operating
budget for the Alling Memorial Golf Course be and hereby is approved for FY 2021-2022 as follows:
Fiscal Year 2023 Anticipated Beginning Budget
1,101,226
Anticipated Revenues for Fiscal Year 2022-23
Rental Revenues
Greens Fees
650,000
Cart Rental
250,000
Season Passes
50,000
Surcharge
75,000
Restaurant Income (Rent)
1,500
Locker Rental
0
Net Anticipated Revenue
1,026,500
Anticipated Expenditures for Fiscal Year 2022-23
Administrative Expenditures
Management Fee (percentage NOI* - restaurant income)
750,000
Golf Cart Rentals
80,000
Capital Allocations
100,000
Rolling Stock/Fleet Replacement
70,000
Net Anticipated Expenditures
1,000,000
FY 2022-23 Anticipated Operating Result Gain/ (Loss)
26,500
FY 2022-23 Anticipated End of Year Balance
1,127,726