2013/14 Recommended Budget - City of St. George

CITY OF ST. GEORGE
GOVERNMENTAL UNIT
2013-2014
FISCAL YEAR
ENTERPRISE FUND
GOLF COURSES
Prior Year Current Year Next Year
Account Description Actual Estimate Budget
Number 2012 2013 2014
OPERATING REVENUE
Charges for Service 3,519,576 3,575,000 3,698,000
Interest Earned
Other: _______________ 29,498 33,500 36,000
TOTAL OPERATING REVENUE 3,549,074 3,608,500 3,734,000
OPERATING EXPENSES
Personnel Services 2,114,294 2,097,386 2,132,134
Contractual Services 558,358 584,168 594,900
Materials & Supplies 1,371,969 1,272,920 1,269,084
Depreciation 541,456 550,000 550,000
Other: ______________
TOTAL OPERATING EXPENSE 4,586,077 4,504,474 4,546,118
OPERATING INCOME (LOSS) (1,037,003) (895,974) (812,118)
NON-OPERATING REVENUE (EXPENSE)
TRANSFERS:
Impact Fees
Interest Expense 0 0 0
Operating Trans. from ____________fund 86,170 589,000 213,500
Contrib. from Others
Operating Trans. to _Capital Project_fund 0 0 0
Contrib. to Transit fund
NET INCOME (LOSS) (950,833) (306,974) (598,618)
CASH OPERATING NEEDS:
Net Income (Loss) (950,833) (306,974) (598,618)
Plus: Depreciation 541,456 550,000 550,000
Proceeds from Capital Leases 0 0 0
Less: Capital Lease Payments (161,345) (168,525) (176,025)
Less: Major Improvements & Capital Outlay 0 (382,893) (142,250)
Bond Principle Payments 0 0 0
TOTAL CASH PROVIDED (REQUIRED) (570,722) (308,392) (366,893)
CASHFLOW STATEMENT RECON. 27,509
SOURCE OF CASH REQUIRED:
Cash Balance at Beginning of Year (2,345,198) (2,888,411) (3,196,803)
Invest. & Other Curr. Assts to be Conv.
Issuance of Bonds & Other Debt
TOTAL CASH REQUIRED (2,888,411) (3,196,803) (3,563,696)
180