HomeMy WebLinkAbout06-19-2012 PH4 StanwyckAGENDA
CORRESPONDF"ICE
Date tz Items ,'�l1f
44". council MCMORAnc)w
Date: June 18, 2012
TO: City Council
FROM: Shelly Stanwyck, Parks and Rec ° ation Director
VIA: Katie Lichtig, City Manager
SUBJECT: PH4: Laguna Lake Golf Cou se udget Question
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JUN 19 2012
S10 CI y CLERK
• COUNCIL
o CDD DIR
• CrrY MGR
o Fff DIR
• ASST CM
o FIRE CHIEF
• ATTORNEY
o PW DIR
• CLERKIORIG
o POLICE CHIEF
• PIB
o PARKS do AEC DIR
o MDIR
o HR DIR
o COUNCIL
o CITY MGR
o CLERK
In preparation for Item PH4 Mayor Howell -Marx asked about Laguna Lake Golf Course revenue
and expenditure variations for the 2011 -12 fiscal year.
Golf Course is Within Budget for 2011 -12
The revenue and expenditure variations for the Laguna Lake Golf Course for 2011 -12 are within budgeted
amounts consistent with the 2011 -13 Financial Plan. More specifically:
• As detailed in the 2011 -13 Financial Plan Supplement (page D -9) the 2011 -12 operating budget
for the Laguna Lake Golf Course is $541,800.
• According to the most recent Expenditure Status Report (April 2012) the total year -to -date
expenditures for the Laguna Lake Golf Course are within budget at $410,349.79. Revenues for the
year, according to the Revenue Status Report are $242,200.49. (Most recent report from May 24,
2012) which is on target for the budgeted amount of $292,700 (H -7 of the Supplement). It should
be noted that revenues for the Course no longer include cell tower leases which were included in
revenues when the Golf Fund existed as an enterprise fund.
• During the current fiscal year there were some unexpected costs of approximately $5,000 in
maintenance which occurred when the main water line valve burst and staff and had to undertake
an unexpected repair and installation of a new valve. This unforeseen expense however will be
covered within budget.
• There has been a spike in utilities costs at the Course which directly correlates to the new
concessionaire's kitchen equipment; however these expenses are offset by water savings and
overall utilities costs will be within budget.
• Estimated Expenditures and Revenues are within budget as of June 18 are as follows:
Estimated Golf Course Operation
Estimated YTD
Budget 2011 -12
Expenditures*
$487,112.65
$541,800.00
Revenues*
$289,130.48
$301,100.00
*Data from FinancePlus 06 -18 -12 (estimate purposes only)
• There is an increase in the approved budget for the operations of the Golf Course for 2012 -13
reflecting a slight increase in operating expenditures to account for anticipated increases in fuel,
utilities, chemicals and other goods necessary to operate the golf course which are subject to price
increases.