Page 279 - Approved Annual Budget FY 2019-2020_Flat

City of McAllen, Texas
Palm View Golf Course Fund
Working Capital Summary

Actual Adj. Budget Estimated Budget
17-18 18-19 18-19 19-20

RESOURCES

BEGINNING WORKING CAPITAL $ 696,170 $ 779,308 $ 905,109 $ 915,688

Revenues:
Green Fees 729,420 687,988 690,831 693,864
Annual Membership 157,241 172,237 171,253 172,237
Driving Range Fees 147,884 132,816 136,016 136,016
Trail fees 8,236 7,921 8,359 7,921

Handicap Carts 680 400 280 400

Rental 8,700 8,700 8,700 8,700

Cart Rental 334,426 312,643 311,117 312,643

Pull Cart Rentals 332 216 316 216
Other Financial Resources 33,950 37,000 34,925 37,000

Interest Earned 14,947 10,000 14,702 10,000
Miscellaneous 4,449 - - -
Total Revenues 1,440,265 1,369,921 1,376,499 1,378,997
TOTAL RESOURCES $ 2,136,435 $ 2,149,229 $ 2,281,608 $ 2,294,685
APPROPRIATIONS

Expenses:
Maintenance & Operations $ 643,544 $ 672,137 $ 649,681 $ 693,266
Dining Room 240 2,000 2,000 2,000
Pro-Shop 358,068 376,884 388,221 396,468
Golf Carts 107,294 139,947 120,859 141,736
Capital Outlay - - - -
Total Operating Expenses 1,109,145 1,190,968 1,160,761 1,233,470

Other Financing Sources (Uses):
Transfer-Out PVGC Depreciation Fund 150,000 150,000 160,000 150,000
Transfer-Out Heath Insurance Fund 7,156 44,850 44,850 19,676
Debt Service - Motorola Lease Payment - 309 309 184

TOTAL APPROPRIATIONS 1,266,301 1,386,127 1,365,920 1,403,330

Revenues over/(under) Expenditures 173,964 (16,206) 10,579 (24,333)

Other Items Affecting Working Capital 34,975 - - -

ENDING WORKING CAPITAL $ 905,109 $ 763,102 $ 915,688 $ 891,354

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