Laserfiche WebLink
2005 <br />Budget Adjustments <br />Tally Sheet <br />Department Code Rev Exp FB <br />NGA-26 JGolf Amendment - Variable Management Fees 440A 1 100,511 100,511 I <br />Increase Legion Pro Shop Merchandise Revenue <br />The strong growth in rounds and ancillary services (cart rental, restaurant and pro shop) at the Golf <br />3628001022 <br />courses necessitates an increase to the 2005 Golf expense budget. Expenses are anticipated to <br />440 <br />increase a total of $100,511 beyond the current budget allocation of $3,712,736 due to the variable <br />Increase Legion Cart Rentals <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 />3628005022 <br />management fees are much higher as a percent of revenues for ancillary services than for golf <br />440 <br />rounds. <br />Increase Walter Hall Cart Rentals <br />The strong growth in rounds is due to favorable weather and more competitive price points in 2005. <br />3628006022 <br />The source of funds for this amendment is increased revenues. <br />440 <br />5233001000410 <br />Increase Legion Pro Shop Merchandise Revenue <br />440 <br />3628001022 <br />Increase Legion Restaurant Revenue <br />440 <br />3628004022 <br />Increase Legion Cart Rentals <br />440 <br />3628005022 <br />Increase Walter Hall Restaurant Revenue <br />440 <br />3628003022 <br />Increase Walter Hall Cart Rentals <br />440 <br />3628006022 <br />Increase Legion Mgmt Fee Variable Expense <br />440 <br />5233001000410 <br />Increase Walter Hall Mgmt Fee Variable Expense <br />440 <br />5243001000410 <br />ATTACHMENT A <br />Tally 2005.xis 11/28/2005 <br />