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ORDER APPROVING THE 2023-24 ALLING MEMORIAL GOLF COURSE ENTERPRISE FUND BUDGET
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BE IT 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 2023-2024 as follows:
For the Year Ending 6/30/2024
Fiscal Year 2024 Anticipated Beginning Balance 1,300,000
Anticipated Revenues for Fiscal Year 2023-24
Rental Revenues
Greens Fees 680,000
Cart Rental 275,000
Season Passes 50,000
Surcharge 80,000
Restaurant Income (Rent) 0
Locker Rental 0
Net Anticipated Revenue 1,085,000
Anticipated Expenditures for Fiscal Year 2023-24
Administrative Expenditures
Management Fee (percentage NOI* - restaurant income) 750,000
Revenue Sharing 0
Golf Cart Rentals 125,000
Capital Allocations 100,000
Rolling Stock/Fleet Replacement 100,000
Net Anticipated Expenditures 1,075,000
FY 2023-24 Anticipated Operating Result Gain / (Loss) 10,000
FY 2023-24 Anticipated End of Year Balance 1,310,000