Adopted Budget FY 2018-2019

City of McAllen, Texas
Palm View Golf Course Fund
Working Capital Summary
Actual Adj. Budget Estimated Budget
16-17 17-18 17-18 18-19
RESOURCES
BEGINNING WORKING CAPITAL $ 769,079 $ 594,625 $ 696,170 $ 779,308
Revenues:
Green Fees 539,982 644,670 696,673 687,988
Annual Membership 150,616 168,252 169,189 172,237
Driving Range Fees 136,860 122,298 131,053 132,816
Trail fees 4,686 7,900 9,370 7,921
Handicap Carts 400 578 400 400
Rental 8,700 8,700 8,700 8,700
Cart Rental 251,182 297,242 316,245 312,643
Pull Cart Rentals 1,229 387 276 216
Other Financial Resources 38,515 34,156 34,156 37,000
Interest Earned 7,341 1,200 1,200 10,000
Miscellaneous (2,885) - - -
Total Revenues 1,136,626 1,285,383 1,367,262 1,369,921
TOTAL RESOURCES $ 1,905,705 $ 1,880,008 $ 2,063,432 $ 2,149,229
APPROPRIATIONS
Expenses:
Maintenance & Operations $ 677,887 $ 671,874 $ 645,254 $ 680,810
Dining Room 278 2,000 2,000 2,000
Pro-Shop 347,246 372,795 383,394 370,812
Golf Carts 104,702 135,915 116,320 137,346
Capital Outlay - - - -
Total Operating Expenses 1,130,113 1,182,584 1,146,968 1,190,968
Transfer-Out PVGC Depreciation Fund 130,000 79,657 130,000 150,000
Transfer-Out Heath Insurance Fund 4,065 7,156 7,156 44,850
TOTAL APPROPRIATIONS 1,264,178 1,269,397 1,284,124 1,385,818
Revenues over/(under) Expenditures (127,552) 15,986 83,138 (15,897)
Other Items Affecting Working Capital 54,643 - - -
ENDING WORKING CAPITAL $ 696,170 $ 610,611 $ 779,308 $ 763,411
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