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Golf Course Fund Summary <br />226 The following table depicts the 2008 financial activity for the Golf Course Fund for the fiscal period <br />227 1 ending June 30, 2008 (unaudited). <br />228 <br />229 <br />2 3 ('-) Comments.- <br />23 i Golf Course Fund revenues are lower than expected due to poor spring weather conditions which impacted <br />232 the number of available tee times. Expenditures were higher than expected due to the acquisition of ground <br />233 maintenance equipment. <br />234 <br />235 The Golf Course Fund is currently in good financial condition with a cash reserve of $,400,000 or 105% of <br />236 the annual operating budget. However i <br />