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Revenues
<br />. •
<br /> Top 5% of Frost Belt Mounds View's Percent
<br /> Public Courses (A) 1996 Actual over(under)
<br /> 1995 1996 Total w/o Nat'l Top
<br /> Actual Adjusted (D) Total sales tax 5%
<br /> Green fees & annual passes $286,000 $294,580 $333,621 $313,259 6.34%
<br /> Golf cart rentals 45,000 46,350 14,765 13,864 -70.09%
<br /> Driving range 28,000 28,840 82,698 77,651 169.25%
<br /> Merchandise sales 45,000 46,350 19,836 18,625 -59.82% .
<br /> Food&beverages 71,000 73,130 43,387 40,739 -44.29%
<br /> Miscellaneous 16,000 16,480 32,949 32,475 97.06%
<br /> Sales tax 0 0 (30,643) 0 0.00%
<br /> Total revenue, all sources 491,000 505,730 496,613 496,613 -1.80%®
<br /> Additional revenue detail:
<br /> Rounds played 38,000 38,100
<br /> Green Fees $14.00 $10.00 Weekend (C)
<br /> Total green fee revenue (Note B) $532,000 $381,000
<br /> Green fees per above $286,000 $313,259
<br /> Rounds played per above 38,000 38,100
<br /> Average green fee $7.53 $8.22
<br /> 10 Frost belt average fleet size 21 10
<br /> Top 5%cart fees $8.00 $9.00
<br /> Clubhouse square footage 10,000 1,800
<br /> (A) 1995 actual per Nat'l Golf Foundation's report on public golf courses.
<br /> Total revenues equals reports total, however, detailed revenues
<br /> per the report were arrived independently of total revenue. Therefore, averaged
<br /> the top 5 and 25% course detail for all revenue sources except green fees which
<br /> were increased by$18,000 so total revenues all sources equaled $491,000.
<br /> (B) See Note A- courses with highest total rounds were not the same as courses with highest green fees.
<br /> (C) Weekday rates $9, leagues, children, seniors, etc. receive a discount.
<br /> (D) 1996 Adjusted= 1995 Actual plus 3%.
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