GOLF SERVICES
Variance 2025 Budget vs. 2024 Proj
Variance 2025 Budget vs. 2024 Budget
Final 2022 Final 2023 Budget 2024 Projections 2024
Budget 2025
%
%
REVENUE Investment Income Charges for Services
$25,654
$61,642 3,177,183 976,351 100,419 21,700 166,784
$40,800 3,641,305 1,090,476
$84,000 3,928,907 1,186,982 139,393
$69,400 3,788,751 1,177,890 162,466
($14,600) (140,156)
-17.38% -3.57% -0.77% 16.55% -7.53% 1.45% -2.52% 6.69% -7.51% 10.55% 8.22% 0.82% 5.52%
$28,600 147,446
70.10% 4.05% 8.02% 44.67% 37.06% 5.16% 6.49%
2,904,938 894,045 54,712 20,350 138,066 4,037,765
Sales
(9,092) 23,073 (2,200)
87,414 50,166 7,300 9,744
Rental Income
112,300 19,700 188,770
Alternative Revenue
29,200 195,668
27,000 198,514
Miscellaneous Total Revenue
2,846
4,504,079
5,093,351
5,564,150
5,424,021
-140,129
330,670
EXPENSES Wages & Benefits
1,736,242
1,987,946 550,951 921,965 107,352
2,208,820
2,234,485 $2,383,925
149,440 (46,360) 107,644
175,105 29,301 157,652
7.93% 5.41%
Supplies
523,741 821,611 110,170
541,506 970,126 108,886
617,167
570,807 1,127,778 117,200
Contractual Services
1,020,134 108,300
16.25% 7.64% 0.00% 9.67% -3.14% -3.14% 0.00%
Utilities
8,900
8,314
Capital Projects
170
2798
1,600
1,587
1,600
13
0
Total Expenditures Surplus/(Deficit) Before Transfers Transfer to Capital Surplus/(Deficit)
3,191,934 $845,831
3,571,012 $933,067
3,830,938 $1,262,413
3,981,673 $1,582,477
4,201,310 $1,222,711
219,637
370,372
($359,766)
-22.73% ($39,702)
($845,831)
($933,067)
($1,262,413)
($1,582,477)
($1,222,711)
359,766
-22.73%
39,702
$0
$0
$0
$0
$0
$0
0.00%
$0
Fund Balance $842,081 Total revenue in 2025 is projected to increase 6.5% or $330,700 compared to the 2024 budget, while expenses are budgeted to increase $370,400, or 9.7%. The increase in revenues is mainly due to increases in green fees at both courses, along with increases in participation based off 3-year averages. Expenses increased compared to the 2024 budget due to increases in labor costs, including increases in minimum wage, which impacts the majority of golf clubhouse staff. Additional cost increases also include a placeholder for annual lease payments for new golf carts at Springbrook Golf Course, plus inflationary increases for supply and services costs. The overall golf operation is budgeted to break even in 2025, which includes a transfer of $1,222,711 to capital from surplus revenues. $842,081 $842,081 $842,081 $842,081
2025 BUDGET 73
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