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2005 <br /> J Budget Adjustments <br /> Tally Sheet <br /> Department Code Rev Exp FB <br /> ;A-26 Golf Amendment-Variable Management Fees 440A I I 100,511 I 100,511 - <br /> The strong growth in rounds and ancillary services (cart rental, restaurant and pro shop)at the Golf <br /> courses necessitates an increase to the 2005 Golf expense budget. Expenses are anticipated to <br /> increase a total of$100,511 beyond the current budget allocation of$3,712,736 due to the variable '• <br /> management fees paid out to Billy Casper Golf. The existing contract provides Billy Casper Golf with <br /> variable fees which have increased in 2005 due to the higher revenues received. Variable <br /> management fees are much higher as a percent of revenues for ancillary services than for golf <br /> rounds. <br /> The strong growth in rounds is due to favorable weather and more competitive price points in 2005. <br /> The source of funds for this amendment is increased revenues. <br /> Increase Legion Pro Shop Merchandise Revenue 440 3628001022 14,013 <br /> Increase Legion Restaurant Revenue 440 3628004022 16,070 <br /> Increase Legion Cart Rentals 440 3628005022 22,072 <br /> Increase Walter Hall Restaurant Revenue 440 3628003022 21,643 <br /> Increase Walter Hall Cart Rentals 440 3628006022 26,713 <br /> Increase Legion Mgmt Fee Variable Expense 440 5233001000410 52,155 <br /> Increase Walter Hall Mgmt Fee Variable Expense 440 5243001000410 48,356 <br /> 19 <br /> ATTACHMENT A <br /> Tally 2005.xls 11/28/2005 <br />