HomeMy WebLinkAbout2018 Season Golf Changes Presentation2018 Season
Golf Changes
2018 Budget Adjustment
Requests
2018 Changes to Golf
Operations
New Contract 1/1/18 with Golf Manager
Revenues Shift from Contractor to Owners
Range Fees
Cart/Club Rental
Personnel Changes
Owners hire FT Greens Maintenance Manager
Owners hire PT Greens Maintenance/Pro Shop
Contract reduced by $142,000/year
2018 Changes to Golf
Operations
New Contract 4/1/18 with Restaurant
New revenues from lease
Will continue to charge tenant their share of
utilities
Helps secure quality food options for golfers,
tournament sponsors, and patrons at our course
Range and Rental Inventory
Purchase
Agreement needed to purchase range and rental inventory from Golf Contractor
Verbally negotiated a buyout option of $136,485
2016 Golf Carts (25 @ $3,600 Each)
2007 Golf Carts (25 @ $1,500 Each)
Club Rental Sets (19 @ $80 to $200 Each)
Pull Carts (10 @ $120 Each)
Misc. Range Items ($1,665)
Range Ball Dispensers (3 for $2,000)
Range Ball Pickers (3 for $1,000)
Ball Washer ($800)
Cart Options
Desired cart quantity is 60
Teton Lakes 45
Legacy 15
Few extras allows the ability to move more over for rental
during tournaments
Carts Models – Precedent Club Car fuel injected
2018 with 4 year warranty (up to 60) $4,632
Includes windshield and sand bottle and bracket
2016 (25) $3,600
2007 (25) $1,500
City is willing to finance the up front cost over 5 years at 3%
interest (can split finance option with County as well)
Cart Options
Cart Options Summarized
Option Description Total Cost Cost/Year (5)
1.Purchase 60 new carts $312,712 $62,542
2.Keep 50 old carts/Buy10 New $199,257 $39,851
3.Finance New Carts w/vendor $388,714 $77,743
4.Lease Purchase New Carts $365,914 $73,183
5.Purchase 35 New, Keep
25 Used 2016 Carts $284,596 $56,919
6.Purchase 25 New, 25 Used
2016 Carts, and 10 Used
2007 Carts $250,466 $50,093
Staff Recommended Option
Option 6
Purchase (25) 2018 carts
Purchase (25) 2016 carts
Purchase (25) 2007 carts (trade in 15 for same price we
paid for them)
Purchase Cost $229,785
Interest Cost $ 20,681
Total Cost $250,466
Cost/Year $50,093
5 Year Capital Improvement Plan
2 Year Capital Improvement Plan
Description 2018 2019
Utility vehicle $11,000
Handicap Ramp $ 8,000
Hookup Water-TL $16,000
Inventory/Cart Purchase $50,100 $50,100
Aerator-Greens $23,500
Greens Mowers (2) $50,000
Tractor/Fairway Aerator-
(City pay ½ cost & share) $31,500
Legacy-Possible Pump Stat $30,000*
Carpet-Muni $ 4,000
Total Less Sale of Assets (5K) $103,600 $160,600
*Total cost $60,000-city water department may pay ½ or more if
they can transfer water rights for city use elsewhere
Financial Budget Analysis
(See Full Budget Report for details)
Financial Budget Analysis
(See Full Budget Report for details)
Owners have currently budgeted $14,000 each to subsidize
the golf operating fund
To make all recommended 2018 capital purchases, it
would require an additional $17,500 from each Owner
It would require an additional $36,800 from each owner to
eliminate the projected fund deficit at Fiscal Year 2018
Yearend
Requested Motions of Approval
from Elected Officials
Approval of Concessions Contract
Approval of purchase of inventory from Contractor for
$136,485
Approval to order new carts and finance internally 5
years
Recommended to order 25 new and trade in 15 used
Approval of budget adjustments for contract changes
Approval of budget adjustments for capital replacement
Approval of budget adjustments to increase city/county
contributions from $14,000 each to $50,800