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Cedarholm Golf Course
<br />Financial Summary (2010-2014)
<br />Prelim
<br />2010 2011 2012 2013 2014
<br />Sales & Cost of Sales Actual Actual Actual Actual Actual
<br />Concession Sales $ 17,154 $ 15,355 $ 17,436 $ 16,120 $ 28,505
<br />Equipment Sales 3,410 2,859 2,540 2,565 4,498
<br />Clothing Sales - - - 15 -
<br />Tota1 Sales $ 20,564 $ 18,214 $ 19,976 $ 18,700 $ 33,003
<br />Cost of Sales
<br />Operating Revenues
<br />Green Fees
<br />Evening League Fees
<br />Day League Fees
<br />Junior Golf League
<br />] 1,248 8,898 12,016 9,895 13,595
<br />Gross Profit $ 9,316 $ 9,316 $ 7,960 $ 8,805 $ 19,408
<br />Equipment Rental
<br />Building Rental
<br />Pop Commissions
<br />Miscellaneous
<br />Total Operating Revenue $
<br />Expenditures
<br />Personnel Services $
<br />Supplies & Materials
<br />Other Services & Charges
<br />� Administrative Charge
<br />Depreciation
<br />� Total Operating Expenditures $
<br />270,382 239,489 265,749
<br />1,704 1,760 2,033
<br />9,004 8,874 8,095
<br />1,840 1,976 1,932
<br />6,754 6,258 ] 0,991
<br />3,610 2,737 2,791
<br />- 25 4
<br />293,294 $ 261,119 $ 291,595 $
<br />221,870 $
<br />31,815
<br />36,695
<br />20,000
<br />28,481
<br />338,861 $
<br />221,639 $
<br />26,537
<br />37,549
<br />20,000
<br />26,755
<br />332,480 $
<br />242,092 $
<br />30,206
<br />41,467
<br />20,000
<br />26,755
<br />360,519 $
<br />224,127
<br />9,652
<br />8,911
<br />1,688
<br />14,477
<br />3,101
<br />336
<br />262,29] $
<br />231,577 $
<br />30,849
<br />33,789
<br />20,000
<br />29,602
<br />345,818 $
<br />230,944
<br />9,967
<br />7,287
<br />1,716
<br />18,] 06
<br />2,723
<br />8
<br />270,750
<br />215,953
<br />29,212
<br />40,715
<br />20,000
<br />32,000
<br />337,879
<br />OperatingIncome (Loss) $ (36,251) $ (62,045) $ (60,963) $ (74,721) $ (47,721)
<br />Other Financing Sources (Uses)
<br />Sale of Property $ - $ - $ 2,709 $ - $ 1,003
<br />investment Income 14,536 8,825 3,] 65 885 2,650
<br />Change in fair value of invesimts. - - - (11,769) -
<br />Total Other Financing Sources $ ] 4,536 $ 8,825 $ 5,874 $ (10,884) $ 3,653
<br />Net Change in Assets
<br />Beginning Net Assets
<br />Prior Period Adjustment
<br />Ending Net Assets
<br />(21,715) (53,22] ) (55,090) (85,605) (44,068)
<br />898,551 876,836 823,615 768,525 682,920
<br />$ 876,836 $ 823,615 $ 768,525 $ 682,920 $ 638,852
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