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Mounds View City Council November 24, 2003 <br />Regular Meeting Page 7 <br /> <br /> 1 <br />Golf Course Manager Burg reviewed a handout showing rounds compared to other courses and 2 <br />said she thinks it shows Staff is doing a good job in this market and noted the driving range is 3 <br />doing well. 4 <br /> 5 <br />Golf Course Manager Burg indicated that the water level on the ninth hole was lowered and balls 6 <br />removed which had not been done for at least two years and Staff pulled out over 20,000 golf 7 <br />balls, cleaned them up and sold them. 8 <br /> 9 <br />Council Member Stigney asked for clarification as to whether this is a quarterly report or a five-10 <br />month review and whether revenue and expenditures were through the end of the third quarter. 11 <br /> 12 <br />Golf Course Manager Burg indicated she was able to get numbers through October when she put 13 <br />the report together. She then indicated that a copy of the report was received with the budget 14 <br />information. 15 <br /> 16 <br />Council Member Stigney asked how much revenue was brought in and how much went out in 17 <br />expenditures. 18 <br /> 19 <br />Golf Course Manager Burg indicated that to the end of October there was $585,202 in revenue 20 <br />and, at that point, it is $36,000 positive cash flow but there are still payments to be made and 21 <br />revenue not recorded. 22 <br /> 23 <br />Council Member Stigney asked whether the course is making money or not. 24 <br /> 25 <br />Golf Course Manager Burg indicated that the course fell short this year. 26 <br /> 27 <br />Council Member Stigney asked how short. 28 <br /> 29 <br />Golf Course Manager Burg indicated she was not sure how it would come out after all the final 30 <br />figures are in but said she anticipates a shortage of $100,000. She then said that the course was 31 <br />projected to lose $64,000 but because revenues did not meet the projected $735,000 there will be 32 <br />a larger shortfall. 33 <br /> 34 <br />Council Member Stigney asked why the rounds of golf come out even at 33,000 rounds. 35 <br /> 36 <br />Golf Course Manager Burg indicated that the figures were rounded so there were more than 37 <br />32,500 rounds. 38 <br /> 39 <br />Council Member Stigney asked whether there would be a fourth quarter report. 40 <br /> 41 <br />Golf Course Manager Burg indicated she would do a fourth quarter report in January. 42 <br /> 43