Title
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:
Revenue & Capital Reserve
Greens Fees
510,000
Cart Rental
250,000
Season Passes
50,000
Surcharge
25,000
Restaurant Income (Rent)
10,000
Locker Rental
0
Sub-Total Revenues
845,000
Accrued Balance, 2020 season
824,446
Total Revenues and Capital Reserve
1,669,446
Operating Expenses & Capital Allocations
Management Fee (percentage NOI* - restaurant income)
650,000
Golf Cart Rentals
5,000
Sub-Total Expenses
655,000
Capital Allocations
100,000
Rolling Stock/Fleet Replacement
40,000
Total Expenses & Capital Allocations
795,000
Anticipated Balance, 2022 Season
874,446
* NOI = Gross Revenue - golf cart lease and $1.00 surcharge