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HomeMy WebLinkAbout05. Apprv PSA w-S&S Labarge Golf, Inc for Prof Golf Mgmt Srvcs at Rio Hondo Golf ClubCityofDowney Municipal Golf Course Fee Study Yorba San Clemente Linda Fullerton Downey Revenue Golf Course Revenue $1,862,000.0 $5,825,000.0 $2,863,000.0 $2,947,000 Other Revenue $471,000.0 $0.0 $1,000.0 $151,000 Total Revenue $2,333,000.0 $5,825,000.0 $2,864,000.0 $3,098,000 Expenses Maintenance & Operations ($2,109,000.0) ($5,231,000.0) ($2,771,000.0) ($2,438,000) Other Expenses $207,000.0 ($858,000.0) ($89,000.0) ($343,000) Total Expenses ($1,902,000.0) ($6,089,000.0) ($2,860,000.0) ($2,781,000) Operating Income (Loss w/o Depreciation $224,000.0 $594,000.0 $93,000.0 $660,000 Management Fee N/A $170,000 $500,000 + 1% $343,562.28 + increase Yearly CPI Increase Revenue Share •65.5%-69%•7% above $4.6 N/A •4% green Fees (Cart rentals)Million Revenue *100% Driving •5% Cart Rental range •9% above $6 Fees *100% lessons Million Revenue •$2,500 for 1,200 •25% Driving resident Range Fees registration cards and +$2,500 for every 200 more TOTAL COMPENSATION $950,000.00 $577,750.00 $500,000.00 $467,372.00 *Revenue, Expenditures, and Income figures are from 2018-2019 FY Ventura -::,.e, -�??�� o"" � $436,000 3.5% of gross rev above $5 Million $436,000.00 Anaheim (36 Holes) $1,915,500.0 $215,500.0 $2,131,000.0 ($2,196,500.0) ($254,500.0) ($2,451,000.0) ($65,500.0) $130,000 Incentive: 20% above net $156,200.00 ATTACHMENT B