INVESTMENT INCOME Investment income, which includes mainly interest income for the Golf Fund, represents 1% of the total revenues for the 2025 golf budget. Higher interest rates helped increase interest income to Charges for services compromises the bulk of the revenues for Golf, including green fees, cart fees and range fees, along with programs. Combined, the charges for services will be 70% of the total revenues in the 2025 budget. Revenue from charges for services is budgeted to increase 4%, or $147,500 compared to the 2024 budget, and decrease 3.6%, or $140,200 compared to the projected 2024 results, as the early opening at both courses produced unexpected early season revenues that was not included in 3-year averages when budgeting for 2025. For 2025, golf is proposing to increase select green fees, which were last increased in 2023. For budgeting, staff has utilized a three-year average to calculate the next year’s rounds and revenue totals, adjusting 5% for possible weather impacts or changes in demand. Management is presenting the 2025 rounds totals to be lower than the projected rounds total in 2024, based off the three-year average and not including the unexpected early season rounds that were the result of the warmer than normal winter and spring experienced in $69,400 in the 2025 budget. CHARGES FOR SERVICES 2024. Based off these projections, green fee revenues are budgeted to increase 4.1%, or $87,200 in 2025 compared to the 2024 budget. Golf cart revenues in 2025 are budgeted to increase 2.7%, or $20,100, when compared to the 2024 budget, and driving range revenues in 2025 will show a 7.2% increase in budgeted revenues compared to the 2024 budget. Budget increases are based off 3-year averages only, as both cart
fees and range fees are not scheduled for fee increases in 2025 (following fee increases in 2024). Range revenues are increasing at a higher rate with revenues showing continued growth each year since the renovations at Springbrook, and the expectation is the demand for practice facilities will continue, along with additional demand from the expanded practice facilities at Naperbrook. Programs are budgeted to remain essentially the same as 2024 budget levels, with a slight increase of 1.2%. Participation levels in most programs in 2024 were at or near capacity, and trends continue to show strong demand for group and private golf lesson programs. SALES Sales, which account for 22% of the 2025 budget, includes all concession and merchandise sales, along with membership fees. Sales are budgeted to increase 8%, or $87,400 compared to the 2024 budget, and decrease .8%, or $9,100 compared to the 2024 projected total. Forecasts for 2025 sales use a 3-year average for concessions and merchandise and includes increases in revenues from price adjustments. Sales also include annual Brooks Links memberships, and the Brooks Advantage Card membership. Brooks Links memberships and Brooks Advantage Card sales increased 16% in 2024, as both programs had fee increases and demand continues to be strong for our membership programs. Looking forward to 2025, management expects results similar to 2024 projections, with steady demand for both programs and no changes in fees. RENTAL INCOME Rental income, which amounts to 3% of the total 2025 budget, includes all revenues from tournaments. The tournament schedule for 2024 experienced near full capacity events all season,
with positive feedback from participants allowing management to budget for participation in 2025 to continue at similar levels. Revenue in 2025 is budgeted to increase 44.7% compared to the 2024 budget, which includes fee increases to help cover additional costs for food and prizes at the events. ALTERNATIVE REVENUE Alternative revenue includes all sponsorship revenue for golf and amounts to less than 1% of the total 2025 budget. Revenue for 2025 is budgeted to increase by 37.1% when compared to the 2024 budget, with the strong golf market providing an excellent opportunity for promoting local businesses. MISCELLANEOUS REVENUE Miscellaneous revenue, which makes up 4% of the 2025 budget, includes fees charged to schools for golf teams, sales tax revenues, gratuities, employee insurance contributions and outing fees. Revenues are budgeted to increase 5.2% or $9,700 compared to the 2024 budget, and 1.5% or $2,900 compared to the 2024-year end projections. The majority of the increases will be from additional sales in concessions and merchandise, resulting in an increase in sales tax revenues and gratuities, and also fee increases for school golf teams, which haven’t changed since 2023.
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