pages: GolfCommission/2011-05-18.pdf, 3
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GolfCommission | 2011-05-18 | 3 | 5 AGENDA ITEMS 5-A Status Report on long term lease, Mif Albright negotiations, and proposal for Golf Complex reconfiguration by Ron Cowan and Harbor Bay Isle Associates, including Golf Commission recommendations, if any. Chair Sullwold stated that there is no update at this time. 5-B Update on Golf Complex Finances Bob Sullwold stated that all rounds and revenue on all three courses in April basically doubled from March and also exceeded the prior year. The draw down from the Enterprise Fund was approximately $54,000, leaving the cash balance at $524,000, and the available cash balance (which excludes outstanding expenses and the Wadworth grant set-aside) at $272,000. On a year to date basis, both rounds and revenues are down from last fiscal year by about 7%. 6. ORAL COMMUNICATIONS, NON-AGENDA (Public Comment) None 7. OLD BUSINESS None 8. WRITTEN COMMUNICATIONS Included in the Commission packet was a memorandum to the Finance Department showing a surcharge payment for April 2011 of $9,191. The year-to-date total to the General Fund is $76,679 for FY 2010/2011. 9. ITEMS FOR NEXT MEETING'S AGENDA Status Report on Long Term Lease, Mif Albright Negotiations, and proposal for Golf Complex reconfiguration by Ron Cowan and Harbor Bay Isle Associates, including Golf Commission recommendations, if any Update on Golf Complex Finances 10. ANNOUNCEMENTSIADJOURNMENT The meeting was adjourned at 7:12 p.m. The agenda for the meeting was posted 72 hours in advance in accordance with the Brown Act. 3 Golf Commission Minutes - -Wednesday, May 18, 2011 | GolfCommission/2011-05-18.pdf |