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Top 5% of Frost Belt Mounds Percent
<br /> Public Courses (A) View's over(under) 0
<br /> 1995 1996 1996 Nat'l Top
<br /> Actual Adjusted (C) Actual 5%
<br /> Payroll $200,000 $206,000 $159,492 -22.58%
<br /> Irrigation water 5,000 5,150 1,250 =75.73%
<br /> Fertilizers, chemicals 15,000 15,450 26,021 68.42%
<br /> Lease expense - golf carts 19,000 19,570 10,163 -48.07%
<br /> Lease expenses - equipment 16,000 16,480 907 -94.50%
<br /> Cost of merchandise sold 33,000 33,990 9,918 -70.82%
<br /> Cost of food & beverages 36,000 37,080 21,694 -41.49%
<br /> Advertising& marketing 5,000 5,150 2,479 -51.86%
<br /> Property taxes 8,000 8,240 (B) 0 -100.00%
<br /> Facility insurance 8,000 8,240 (B) 1,454 -82.35%
<br /> Utilities 14,000 14,420 13,570 -5.89%
<br /> Miscellaneous 31,000 31,930 50,865 0.00%
<br /> Total operating expenses 390,000 401,700 297,813 -25.86%
<br /> Depreciation 78,489
<br /> Interest 188,734
<br /> Total expenses 565,036
<br /> Additional expenditure detail:
<br /> Total acreage 220 100
<br /> Acreage maintained as golf course 101 45
<br /> Maintenance building(s) sq ft 10,000 1,800
<br /> III
<br /> Number of employees:
<br /> Full time year round 3.1
<br /> Full time seasonal 4.5
<br /> Part time year round 5.0
<br /> Part time seasonal 6.5
<br /> Estimated Full Time Equivalents:
<br /> Full time year round 3.1 2.0
<br /> Full time seasonal 9/12 of year 3.4 5.3
<br /> Part time year round 1/2 time 2.5 0.0
<br /> Part time seasonal 9/12 yr @ 1/2 time 2.4 6.2
<br /> 11.4 13.5
<br /> (A) 1995 actual per Nat'l Golf Foundation's report on public golf courses.
<br /> Total expenses equals reports total, however, detailed expenses per the report were arrived at
<br /> independently of total expenses, therefore, averaged the top 5% and 25% course detail for all expense
<br /> sources except payroll which was increased by $34,000 so total operating expenses equaled $390,000.
<br /> (B) Used amouts from the top 25% of frost belt courses verses the average noted in(A).
<br /> (C) 1995 Actual plus 3%. 4110
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