in the spring due to colder and wetter than normal weather. However, the weather provided increased playable days in the summer and fall months as drier than normal weather patterns helped rounds totals rebound to levels at or above previous years. The weather in 2023 started out
With Springbrook’s reopening on June 15, green fee revenues were budgeted slightly higher than 2022. With more playing days available at Springbrook and increased demand at Naperbrook, revenues are projected to surpass budget and 2022 levels. Concession, merchandise sales and cart revenues also are projected to surpass budget and 2022 levels. Range use in 2023 continued to exceed expectations as revenues are projected to finish 2023 13% ahead of budget. The higher revenues from the driving ranges continued the trend of positive revenue
growth following expansion and improvements to both facilities and practice areas. Program revenues are projected to finish at or ahead of budget, as programs continued to be popular with new golfers and junior players.
significantly drier than normal, which provided a significant boost to rounds in the spring at Naperbrook. Summer and fall weather returned to more normal precipitation levels, which slowed the number of rounds slightly but monthly totals remained higher than expected overall. REVENUE Revenues for the Golf Services budget are detailed as follows: GOLF SERVICES REVENUE Budget 2023 Projections 2023
Budget 2024
2024 vs. Proj Variance
Budget Variance
Investment Income Charges for Services
$28,900 2,909,532
1% $40,800 71% 3,059,205
1% $40,800
1%
$0
0.00% 19.03% 17.12% 18.63% -10.05% 13.84%
$11,900 731,773 195,621 31,650
41.18% 25.15% 21.86% 39.24% 11.93% 16.44% 24.42%
71% 3,641,305 72%
582,100 159,400 17,634 (2,200) 22,954
Sales
894,855 80,650
22%
931,076 22% 1,090,476 21%
Rental Income
2% 0% 4%
94,666 21,900 165,817
2%
112,300 2% 19,700 0%
Alternative Revenue Miscellaneous Total Revenue 12 Golf service Rev page 86
17,600 162,117
1%
2,100
4%
188,771
4%
26,654
$4,093,654 100% $4,313,464 100% $5,093,352 100% $779,888
18.08% $999,698
GOLF SERVICES REVENUE
72% Charges for Services 21% Sales 4% Miscellaneous 2% Rental Income 1% Investment Income
2024 BUDGET 74
napervilleparks.org
Made with FlippingBook Digital Proposal Creator