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Mounds View City Council November 24, 2003 <br />Regular Meeting Page 7 <br />• Golf Course Manager Burg reviewed a handout showing rounds compared to other courses and <br />said she thinks it shows Staff is doing a good job in this market and noted the driving range is <br />doing well. <br />Golf Course Manager Burg indicated that the water level on the ninth hole was lowered and balls <br />removed which had not been done for at least two years and Staff pulled out over 20,000 golf <br />balls, cleaned them up and sold them. <br />Council Member Stigney asked for clarification as to whether this is a quarterly report or a five- <br />month review and whether revenue and expenditures were through the end of the third quarter. <br />Golf Course Manager Burg indicated she was able to get numbers through October when she put <br />the report together. She then indicated that a copy of the report was received with the budget <br />information. <br />Council Member Stigney asked how much revenue was brought in and how much went out in <br />expenditures. <br />Golf Course Manager Burg indicated that to the end of October there was $585,202 in revenue <br />and, at that point, it is $36,000 positive cash flow but there are still payments to be made and <br />revenue not recorded. <br />Council Member Sti ne asked whether the course is makin mone or not. <br />g Y g Y <br />Golf Course Manager Burg indicated that the course fell short this year. <br />Council Member Stigney asked how short. <br />Golf Course Manager Burg indicated she was not sure how it would come out after all the final <br />figures are in but said she anticipates a shortage of $100,000. She then said that the course was <br />projected to lose $64,000 but because revenues did not meet the projected $735,000 there will be <br />a larger shortfall. <br />Council Member Stigney asked why the rounds of golf come out even at 33,000 rounds. <br />Golf Course Manager Burg indicated that the figures were rounded so there were more than <br />32,500 rounds. <br />Council Member Stigney asked whether there would be a fourth quarter report. <br />Golf Course Manager Burg indicated she would do a fourth quarter report in January. <br />• <br />