Annual_Report_1992_001 - Laserfiche WebLink

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The Golf Fund accounts for the operation of one, par-three, nine- hole golf couree. The golf course was purchased in 1967, and the annual profita from the user charge have been sufficient to cover all operating and capital coets since the purchase date. Green fees were increased in 1992 to $5.15 per round. The city's golf operation has continued to be sound financially during 1992. Even though green fees have been increased elight- ly each year, the course remains very competitive with the other metro facilitiea. Below is a eummaxy of golf operationa: Operating revenuea Groas profita on merchandiee sold User chargea Other Total Operating Revenues Operating expenses Personal Service Depreciation Other Total Operating Expense Operating income Non-operating revenues (expenses) Net Income 1991 $ 8.098 208,872 1,824 $ 218,794 $ 105,541 15,432 68.323 S 189,297 $ 29,497 22,748 S 52,245 1992 $ 10,647 237,720 2,880 S 240,600 $ 114,674 31,380 62,076 S 208,132 $ 43,115 22,627 S 65.742 The Ice Arena Fund accounte for the operation of one ice arena, with a seating capacity of approxfmately 1,950. The past operations of the Arena have been elightly under break- even. The City ie reviewing the operations in conjunction with the new skating oval currently under conetruction. An analysis may reveal some opportunites for cost saviags and\or revenue poeaibili- tiee. Below is a aummary of the Ice Arena operations: Operating revenuea Grosa profita on merchandiee sold User charges Other Total operating revenues 13 1991 $ 1,063 378,510 18,016 S 397,589 1992 $ 513 384,426 17.773 S 402,201