Page 398 - Budget Book FY2020-2021

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

Adjusted
Actual Budget Estimated Budget Four Year Plan
18-19 19-20 19-20 20-21 21-22 22-23 23-24 24-25
RESOURCES

BEGINNING WORKING CAPITAL $ 905,109 $ 915,688 $ 1,015,803 $ 1,019,730 $ 1,035,541 $ 981,622 $ 917,164 $ 852,061
Revenues:
Green Fees 714,552 693,864 710,988 729,419 693,864 693,864 693,864 729,419
Annual Membership 179,734 172,237 166,685 178,293 172,237 172,237 172,237 178,293
Driving Range Fees 144,117 136,016 130,916 147,416 136,016 136,016 136,016 147,416
Trail fees 6,196 7,921 7,427 8,235 7,921 7,921 7,921 8,235

Handicap Carts 600 400 160 - 400 400 400 -
Rental 7,975 8,700 9,425 8,700 8,700 8,700 8,700 8,700
Cart Rental 318,202 312,643 315,594 334,425 312,643 312,643 312,643 334,425
Pull Cart Rentals 372 216 216 332 216 216 216 332
Other Financial Resources 4,451 37,000 34,925 37,000 37,000 37,000 37,000 37,000
Interest Earned 28,684 10,000 10,000 10,197 10,355 9,816 9,172 8,521
Miscellaneous 8,818 - - - - - - -
Total Revenues 1,413,702 1,378,997 1,386,336 1,454,017 1,379,352 1,378,813 1,378,169 1,452,341
TOTAL RESOURCES $ 2,318,811 $ 2,294,685 $ 2,402,139 $ 2,473,747 $ 2,414,894 $ 2,360,435 $ 2,295,332 $ 2,304,401
APPROPRIATIONS
Expenses:
Maintenance & Operations $ 672,399 $ 686,622 $ 684,908 $ 723,216 $ 726,080 $ 726,080 $ 726,080 $ 726,080
Dining Room 986 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Pro-Shop 356,760 401,026 395,643 400,870 400,870 400,870 400,870 400,870
Golf Carts 105,096 143,822 129,998 144,139 144,139 144,139 144,139 144,139
Total Operating Expenses 1,135,242 1,233,470 1,212,549 1,270,224 1,273,088 1,273,088 1,273,088 1,273,088
Other Financing Sources (Uses):
Transfer Out -
PVGC Depreciation Fund 160,000 150,000 150,000 160,000 160,000 170,000 170,000 170,000
Heath Insurance Fund 44,850 19,676 19,676 7,798 - - - -
Debt Service-Motorola Lease Payment - 184 184 184 184 184 184 184
TOTAL APPROPRIATIONS 1,340,092 1,403,330 1,382,409 1,438,206 1,433,272 1,443,272 1,443,272 1,443,272
Other Items Affecting Working Capital 37,084 - - - - - - -

ENDING WORKING CAPITAL $ 1,015,803 $ 891,355 $ 1,019,730 $ 1,035,541 $ 981,622 $ 917,164 $ 852,061 $ 861,129

-348-