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Operating Data <br /> (continued) <br /> Other Financial Data <br /> Net Opatio Lim <br /> glncom .; <br /> (total revenues�less total expenses, belare taxes, eb service nd dep eciatroh. <br /> Bottom Top 5 <br /> 25 Percent Median Top 25 Percent Percent R <br /> Region 5 U.S. Region 5 U.S. Region 5 U.S. Region 5 U.S. E <br /> $33 $39 $66 $135 $102 $338 $661 $675 G <br /> 1 <br /> 0 <br /> • N <br /> Average Operating Margin <br /> /net.dperafing'fr come.as a perne»tage of ippf*vepOo t 5 <br /> Region 5 18.2% U.S. 20.6% <br /> Capital Investment/Past FivelYears <br /> % of Facilities with Annual Average . "_ <br /> Capital Expense Expenditure <br /> Capital Expense Category Region 5 U.S. Region 5 U.S. <br /> Golf Course Renovation/Reconstruction/Expansion 91% 84% $152,500 $85,500 <br /> Clubhouse Renovation/Reconstruction 100% 77% $36,400 $65,300 <br /> Maintenance Building(s) Renovation/Reconstruction 91% 74% $28,800 $21,000 <br /> Maintenance Equipment/Golf Car Purchases 91% 84% $57,500 $53,300 <br /> Irrigation Installation/Upgrade 82% 79% $50,000 $31,100 <br /> Infrastructure Improvements 100% 79% $31,800 $21,700 <br /> Operating& Financial Performance Profiles of 18-hole Golf Facilities/Municipal Edition 37 <br />