Va Public Golf Course Data
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Va Public Golf Course Data Va Public Golf Course Data Presentation Transcript

  • Municipal Golf Course Performance Report Municipal Golf Course Performance in Virginia Communities Surveyed $100,000 Blacksburg Bristol Petersburg* Buena Vista Charlottesville Prince William Co. Hampton Harrisonburg Salem* $50,000 Henrico Newport News Staunton* Average of all localities surveyed Norfolk Portsmouth Virginia Beach $0 Warren Co. Net Operating Income ($50,000) * Not included in graph (left) due to incomplete data. Available data from these courses are included in the chart (below). ($100,000) ($160,068) ($150,000) Key Findings ($200,000) ($237,330) Net income in FY09 ranged from a high of $10,458 to to a ($208,736) low of negative $803,770. ($250,000) The average subsidy in 2009 was $302,510. ($274,141) ($300,000) Only one locality had net income in 2009 ($10,458) ($302,510) ($350,000) Only one locality has sustained net revenue for more than FY05 FY06 FY07 FY08 FY09 a single year. Locality Description FY05 FY06 FY07 FY08 FY09 Blacksburg 9-hole ($137,598) ($148,878) ($141,440) ($141,057) ($163,465) Bristol 18-hole ($98,811) ($263,090) ($177,037) ($126,039) ($177,825) Buena Vista 18-hole ($406,478) ($65,500) ($188,817) ($252,255) ($248,039) Charlottesville (2 courses) 2 courses 18-hole+9-hole $33,843 ($20,240) ($116,354) ($240,378) ($173,016) Hampton (Woodlands) 18-hole ($219,658) ($156,914) ($196,379) ($169,073) ($359,121) Hampton Three 9-hole ($569,174) ($451,430) ($457,596) ($418,464) ($489,438) Harrisonburg 18-hole ($546,537) ($342,600) ($1,203,152) ($626,368) ($405,068) Henrico 18-hole ($868,038) ($83,583) ($114,978) ($55,420) $10,458 Newport News (Deer Run & Cardina Two 18-hole ($441,172) $37,980 ($135,048) $64,672 ($201,292) Norfolk One 18-hole + two 9-hole $292,829 $66,724 ($14,216) ($76,664) ($308,852) Portsmouth One 18-hole + one 9-hole ($212,658) ($77,765) ($243,622) ($441,959) ($729,058) Prince William County Three 18-hole $282,121 ($127,875) ($717,957) ($752,243) ($803,770) Virginia Beach Three 18-hole ($28,666) ($572,565) ($63,352) ($415) ($81,150) Warren County 9-hole ($2,308) ($35,213) ($68,030) ($86,962) ($105,507) Total all courses ($2,922,305) ($2,240,949) ($3,837,978) ($3,322,625) ($4,235,143) Average ($208,736) ($160,068) ($274,141) ($237,330) ($302,510) Petersburg 18-hole (closed, then reopened '08) no data no data no data no data ($434,255) Salem 9-hole no data ($20,000) no data ($26,731) ($78,822) Staunton 18-hole no data no data ($15,951) $31,654 $38,887
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES: COURSE HOLES FEES ANNUALLY Blacksburg, VA “The Hill” Blacksburg @56 acres/ Weekdays: @20,000 Enterprise Fund Municipal Golf Course 9 Holes 9 holes: FY 2005 FY 2006 FY2007 FY 2008 FY 2009 FY 2010 (Purchased from 800 Graves Avenue $10 (walking) - (unaudited) the Blacksburg Blacksburg, VA 24060 $26 (cart) Operating $214,447 $219,341 $239,285 $277,817 $237,438 $277,700 Country Club in Revenue: Jan. 1971) Course Management: Weekends: Operating $352,045 A $368,219 B $380,725 C $418,874 D $400,903 E $418,088 Parks and Recreation – 9 holes: Expense: Town of Blacksburg $10 (walking) - Net (137,598) (148,878) (141,440) (141,057) (163,465) $(140,388) $29 (cart) Operating (Course 2,731 yards, par Income (Loss) 35) Notes: A – Includes Depreciation Expense of $65,839 B – Includes Depreciation Expense of $48,621 C – Includes Depreciation Expense of $46,436 D – Includes Depreciation Expense of $43,863 E – Includes Depreciation Expense of $31,704 City of Bristol, Clear Creek Golf Club @150 acres/ Weekdays: @25,000 VA 19732 Harleywood Road 18 holes 18 holes: Enterprise Fund No FY 2010 Bristol, VA 24202 $17 (walking) - FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 information was (Established 1997) (435 acres $30 (carts) Operating $796,174 $734,213 $748,699 $750,047 $695,125 N/A available Course Management: in total with Revenue: Separate Public/Private 285 acres 9 holes: $8.50 - Operating $894,985 A $997,303 B $925,736 C $876,086 D $872,950 E N/A Board of Directors being $15.50 Expense: through the City developed Net (98,811) (263,090) (177,037) (126,039) (177,825) N/A Manager: into Weekends: Operating City of Bristol residential) 18 holes - $22 - Income (Loss) $35 Notes: A – Includes Depreciation Expense of $120,285 (Course 6,700 yards, par 9 holes - $11 - B – Includes Depreciation Expense of $122,878 71) $18.00 C – Includes Depreciation Expense of $124,132 D – Includes Depreciation Expense of $123,420 E – Includes Depreciation Expense of $127,714 Buena Vista, VA The Vista Links Course @50 acres/ Monday @25,000 Glen Maury Park 18 holes Special: Golf Course Fund (Enterprise Fund) No FY 2010 (Established 2004) 10th Street 18 holes - $25 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 information was Buena Vista, VA Operating $462,319 $867,058 $747,703 $835,938 $655,199 N/A available 24416 Tues. – Thurs.: Revenue: 18 holes - $30 Operating $868,797 A $932,558 B $936,520 C $1,088,193 D $903,238 E N/A Course Management: Expense: Parks & Recreation: Sat. & Sun.: (406,478) (65,500) (188,817) (252,255) (248,039) N/A Net City of Buena Vista 18 holes - $34 Operating (City Council, City (cart included in Income (Loss) Manager & a Citizens all prices) Notes: A – Includes Depreciation Expense of $64,861 Golf Advisory B – Includes Depreciation Expense of $70,183 Committee) C – Includes Depreciation Expense of $93,002 (Course 4,941 – 6,925 D – Includes Depreciation Expense of $93,002 yards, par 72) E – Includes Depreciation Expense of $93,002 -1-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Charlottesville, Meadow Creek Golf @125 acres/ Weekdays: @32,000 Enterprise Fund For FY 2010, VA Course at Pen Park 18 holes 9 holes - the City 1400 Pen Park Road $24.95 (walk) FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 streamlined (Meadow Creek: Charlottesville, VA - $39.95 (cart) (unaudited) expenses, Established 22901 18 holes - $28 Operating $996,674 $982,796 $1,215,994 $1,113,089 $1,035,709 $1,163,501 especially as it 1974) - $46 Revenue: relates to Course Management: Operating $962,831 A $1,003,036 B $1,099,050 C $1,353,467 D $1,208,725 E $1,090,750 payroll. Jobs Parks & Recreation: Weekends: Expense: were City of Charlottesville 9 holes - $19 - Operating $33,843 (20,240) (116,354) (240,378) (173,016) $72,751 restructured & $37 Income (Loss) less seasonal 18 holes - $32 help was (Course 6,050 yards, par - $50 Notes: A - Includes Depreciation Expense of $92,777 utilized; 70) B – Includes Depreciation Expense of $110,773 maintenance C – Includes Depreciation Expense of $112,272 workers were Charlottesville, McIntire Park Golf @65 acres/ Weekday & @10,000 D – Includes Depreciation Expense of $113,121 used in lieu of VA Course 9 holes Weekend E – Includes Depreciation Expense of $98,526 seasonal help. Off 250 Bypass Rates: (McIntire: Charlottesville, VA $5.00 (no *Limited information was available for the McIntire Golf Course. Established in 22901 carts) 1940s) Course Management: Parks & Recreation: City of Charlottesville (Course 2,200 yards, par 33) Hampton, VA Woodlands Golf Course @112 acres/ Weekdays: @38,000 – Enterprise Fund No FY 2010 9 Woodland Road 18 holes 18 holes - $17 40,000 information (Woodlands: Est. Hampton, Virginia 23663 – $27.60 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 was available 1922 – City took 9 holes - $13 - over in 1971) Course Management: $18.30 Operating $766,060 $869,790 $806,647 $833,869 $668,455 N/A Parks & Recreation: Revenue: City of Hampton Weekends: Citizens Advisory Board 18 holes - $19 Operating $985,718 $1,026,704 B $1,003,026 C $1,002,942 D $1,027,576 E N/A - $29.60 Expense: A (Course 5,900 yards, par 9 holes - $14 - Operating (219,658) (156,914) (196,379) (169,073) (359,121) N/A 69; $19.30 Income (Loss) 4 sets of tee markers) Notes: A - Includes Depreciation Expense of $102,717 B – Includes Depreciation Expense of $80,669 C – Includes Depreciation Expense of $79,885 D – Includes Depreciation Expense of $76,730 E – Includes Depreciation Expenses of $79,534 -2-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Hampton, VA The Hamptons Golf Enterprise Fund Course FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 No FY 2010 (The Hamptons: 320 Butler Farm Road @254 acres/ Weekdays: @37,000 – Operating $748,098 $915,465 $916,639 $1,024,865 $929,141 N/A data available Established 1993) Hampton, VA 23666 27 holes (3 18 holes - $19 - 38,000 Revenue: – 9 hole $29.60 Course Management: courses) 9 holes - $14 - Operating $1,317,272 A $1,366,895 B $1,374,235 C $1,443,329 D $1,418,489 E N/A Parks & Recreation: $19.30 Expense: City of Hampton Citizens Advisory Board Weekends: Operating (569,174) (451,430) (457,596) (418,464) (489,438) N/A Links Course – (9 holes, 18 holes - $21 - Income (Loss) 3,029 yards, par 35) $31.60 Notes: A - Includes Depreciation & Amortization Expenses of $305,394 Lake Course – (9 holes, 9 holes - $14 - B – Includes Depreciation & Amortization Expenses of $293,371 3,327 yards, par 36) $19.30 C – Includes Depreciation & Amortization Expenses of $284,223 Woods Course – (9 D– Includes Depreciation & Amortization Expenses of $279,044 holes 3,029 yards, par E– Includes Depreciation & Amortization Expenses of $275,016 35) Harrisonburg, VA Heritage Oaks Golf Weekday, Mon @23,897 City General Fund Course @215 acres/ - Thur: (Change from Enterprise Fund made 06/30/05) Golf Course (Established 2001) 680 Garbers Church 18 holes 18 holes - $25 - FY 2005 FY 2006 B FY 2007 FY 2008 FY 2009 FY 2010 Management Road $39 Operating $509,890 $521,136 $487,276 $658,415 $711,011 N/A falls under the Harrisonburg, VA 22801 9 holes - $15 - Revenue: Parks & $23 Recreation Course Management: Operating $1,056,427 A $863,736 C $1,690,428 D $1,284,783 $1,116,079 N/A budget; no Overseer =Parks & Weekend: Expense: depreciation Recreation: 18 holes - $29 - expenses noted Operating (546,537) (342,600) (1,203,152) (626,368) (405,068) N/A City of Harrisonburg $43 in the CAFR. Income (Loss) with Private 9 holes - $18 - Notes: A – Includes Depreciation Expense of $246,537 Management Firm $26 No FY 2010 B – Golf Activities are reported in the General Fund (Course 4,400 – 6,325 C – Includes Capital Outlay of $30,961 data available. yards, par 70) D – Includes Capital Outlay of $762,967 Henrico County, Belmont Golf Course Weekdays: @34,000 Enterprise Fund VA 4301 East Parham Road @ 98 acres/ 18 holes - $22 - FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 $55,420 in Richmond, VA 23228 18 holes $36 ($14 cart (unaudited) retained (Established 1916) fee) Operating $774,030 $1,045,690 $1,007,122 $1,023,823 $1,023,128 $947,877 earnings used Course Management: for funding the Parks & Recreation Revenue: Weekends: course in FY Henrico County Operating $1,642,068 $1,129,273 $1,122,100 $1,079,243 $1,012,670 $963,562 18 holes - $25 - 08/09 Expense: A B C $39 ($14 cart (Course 5,100 – 6,300 Operating (868,038) (83,583) (114,978) (55,420) $10,458 (15,685) fee) yards, par 71, 4 tee Income (Loss) markers) Notes: A – Includes Depreciation Expense of $135,136 B – Includes Depreciation Expense of $122,832 C – Includes Depreciation Expense of $124,878 -3-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Newport News Deer Deer Run Newport News, VA Run & Cardinal Golf @400 acres/ Weekdays: Special Revenue Fund Course 36 holes 18 holes - $31 @31,776 for (Established in 901 Club House Way Weekends: Deer Run FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 1960s) Newport News, VA (1 Complex 18 holes - $35 23608 with 2 – Operating $1,520,021 $1,721,239 $1,663,031 $1,772,715 $1,527,223 $1,487,458 18 hole Cardinal Revenue: Course Management: courses) Weekdays: Operating $1,961,193 A $1,683,259 $1,798,079 $1,708,042 $1,728,515 $1,563,781 Parks & Recreation - 18 holes - $19 - Expense: City of Newport News $31 Operating (441,172) B $37,980 (135,048) $64,672 (201,292) (76,323) 9 holes - $9.50 @34,424 for Income (Loss) (Course 6,189 yards, par - $21.50 Cardinal Notes: Expenditure amounts likely do not include Depreciation Expense 70) Weekends: B – Supporting documentation indicates $393,795 as Debt Service 18 holes - $23 - $35 9 holes - $11.50 - $23.50 City of Norfolk, VA Lake Wright Golf @128 acres/ Weekday: @40,000 Golf Special Revenue Fund Course 18 holes 18 holes - $25 (includes Lake (Lake Wright – 6282 Northhampton (greens & cart) Wright & Ocean FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 No FY 2010 Established in 1960s) Boulevard 9 holes - $9 - View) Operating $1,033,041 $1,472,911 $1,412,822 $1,365,564 $1,207,253 N/A data available. Norfolk, VA 23502- $19 Revenue: 5510 Operating $740,212 A $1,406,187 $1,427,038 $1,442,228 $1,516,105 N/A Course Management: Weekends: Expense: Parks & Recreation 18 holes - $30 Management Contract: 9 holes - $10 - City of Norfolk $20 (Course 6,189 yards, par 70) Ocean View Golf @107 acres/ Weekdays: Operating $292,829 $66,724 (14,216) (76,664) (308,852) N/A Course 9 holes 9 holes - $34 Income (Loss) 9610 Norfolk Avenue (cart included Norfolk, VA 23503 Weekends: (Course 6,011 yards, par 9 holes - $42 70) Lambert’s Point Golf 9 holes Weekdays: Notes: A – Expenses do not include depreciation or capital outlay. These items are captured by the General Course Former 9 holes - $27 @15,000 Fund or Capital Project Fund. 4301 Powhatan Avenue Landfill Site Norfolk, VA 23510 Weekends: $2,100,000 in Capital Investments for the Construction of Lamberts Golf Course (constructed on top 9 holes - $29 of an old landfill.) Amount comes from the Capital Improvement Plan. (Course 2,789, par 34) -4-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Petersburg, VA Dogwood Trace Golf @124.79 Weekday (w/ Course (formerly known as acres/ cart)s: @19,718 Golf Enterprise Fund (Leased/operated Lee Park Golf Course) 18 holes 18 holes - $39 by private co. until 3108 Homestead Drive 9 holes - $23.00 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 2003 (Hurricane Petersburg, Virginia (unaudited) Isabel 23805 Weekends (w/ Operating - - - - $565,943 $631,900 destruction); City cart): Revenue: purchased acreage Course Management: 18 holes - $44 for the back nine Parks 9 holes - $25 Operating - - - - $1,000,198 A Unknown holes in 2005 & Expense: began renovation ($3.00 discount planning process.) (Course 6,707 yards, par for residents; Operating - - - - (434,255) Unknown 72) does not apply Income (Loss) to walking, senior/military, Notes: Minimal annual budget information available, as the course has been closed since 2003 and reopened twilight or other in April 2008. Established as an enterprise fund in the FY 08 budget & funded at $644,080, reflecting a partial special rates.) year’s operation. Operation of the course funded at $824,420 for FY 09. This amount does not include debt service incurred in renovating the course. According to a 10-year statement of estimated operating results provided by Golf Business Advisors, there is estimated to be a net loss of $66,218 in FY08, $31,028 in FY09, $40,801 in FY10, $45,506 in FY11, $35,261 in FY12, $45,451 in FY13, a net gain of $15,263 in FY14, a net loss of $12,263 in FY15, $7,648 in FY16 and $13,772 in FY17. (Figures include debt service.) Course is expected to generate @$1,200,000 in revenue in FY09, based on 31,195 rounds of play at the recommended rate. A- Includes Depreciation Expense of $61,172 Portsmouth, VA Links Golf Training Center @68 – 9 Weekdays & @24,000 Enterprise Fund 140 City Park Avenue holes Weekends: (Links: opened in Portsmouth, VA 23701 $18.00 (cart FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 1919) included if Course Management: available) Operating $1,508,307 $1,660,710 $1,736,504 $1,694,460 $1,369,425 N/A Parks & Recreation Revenue: (Bide-A-Wee: Operating $1,720,965 A $1,738,475 B $1,980,126 C $2,136,419 D $2,098,483 E N/A built in the 1950s; (Course 1,846 yards, par Expense: bought and 30) Operating (212,658) (77,765) (243,622) (441,959) (729,058) N/A reopened by the Income (Loss) City in April Bide-A-Wee @129 – 18 Weekdays: @38,000 1999) 1 Bide-A-Wee Drive holes $24 - $45 Notes: A – Includes Depreciation Expense of $171,246 Portsmouth, VA 23701 B – Includes Depreciation Expense of $115,521 Weekends: C – Includes Depreciation Expense of $123,022 (Course 6,940 yards, par $45 - $52 (fees D – Includes Depreciation Expense of $131,236 72) increase for E – Includes Depreciation Expense of $140,229 non-residents) -5-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Prince William Prince William Golf @125 acres/ Mon – Thurs: @74,000 County Park Course 18 holes 18 holes - $35 - Enterprise Fund (Park Authority Component Unit) There is also a Authority 14631 Vint Hill Road $40 Lake Ridge Golf Nokesville, VA 20181 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Course but it is (Established in Friday: not considered in 1960s) Course Management: 18 holes - $39 - Operating $3,717,583 $3,555,154 $3,385,889 $3,522,497 $3,105,118 N/A the financial Parks & Recreation: $44 Revenue: documents. Prince William County Operating $3,435,462 A $3,683,029 B $4,103,846 C $4,274,740 D $3,908,888 E N/A Park Authority Weekends/Holi Expense: day: Operating $282,121 (127,875) (717,957) (752,243) (803,770) N/A (Course 6,800 yards, par 18 holes - $44 - Income (Loss) 72) $49 Notes: A – Includes Depreciation Expense of $376,643 General Ridge Golf Course @125 acres/ Mon – Thurs: B – Includes Depreciation Expense of $535,115 9701 Manassas Drive 18 holes 18 holes - $42 - C – Includes Depreciation Expense of $932,560 Manassas Park, VA 20111 $52 D – Includes Depreciation Expense of $862,198 9 holes - $34 E – Includes Depreciation Expense of $878,863 (Course 6,700 yards, par 72) Friday: 18 holes - $44 - $54 9 holes - $36 Weekends/Holi day: 18 holes - $50 - $64 9 holes - $40 Forest Greens Golf Course @150 acres/ Mon – Thurs: in Dumphries 18 holes 18 holes - $39 - 4500 Poa Annua Lane $49 Triangle, VA 22172 9 holes - $29 (Course 6,900 yards, par Friday: 72 18 holes - $42 - $52 9 holes - $32 Weekends/Holi day: 18 holes - $45 - $69 9 holes - $45 -6-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) CITY/COUNTY PUBLIC/MUNICIPAL ACRES/ GREEN FEES # OF ROUNDS OPERATIONS INCOME (LOSS) NOTES COURSE HOLES PLAYED ANNUALLY Enterprise Fund (Converted to from the General Fund Budget on 07/01/08) CAFR noted a Staunton, VA Gypsy Hill Park Golf Course @ 100 acres/ Weekday: @18,000 – 20,000 profit but Nid Dever Drive 18 holes 18 holes $25 - $35 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 manager noted (Established in Gypsy Hill Park (unaudited) income loss of 1960s) Staunton, VA 24401 Weekend: Operating - - $207,846 $176,720 $174,954 $156,407 $10,397 for FY 18 holes - $25 - $35 Revenue: 08 and $3,611 Course Management: Operating - - $223,797 $145,066 $136,067 B $179,662 for FY 09 due Parks & Recreation: Expense: A to $42,051 in City of Staunton Operating - - (15,951) $31,654 $38,887 (23,255) payroll taken Income from budget in (Course 5,900 yards, par 71) (Loss) FY 08 & Notes: A – Includes Depreciation Expenses of $12,401 $42,498 in FY B – Includes Depreciation Expenses of $35,184 09 for salaries Golf Course Special Revenue Fund Virginia Beach, Bow Creek Golf Course 115 acres/18 Weekday/Weekend: VA 3425 Club House Road holes 18 holes - $16/$21 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 Virginia Beach, VA 23452 9 holes - $9/$11 (Unaudited) Operating $2,558,680 $1,933,545 $2,771,951 $2,840,743 $2,694,155 N/A Kempsville Greens Course Weekday/Weekend: Revenue: 4840 Princess Anne Road 90.17 acres/18 18 holes – $19/$23 Operating $2,387,346 $2,246,110 $2,577.803 $2,641,158 $2,504,605 N/A Virginia Beach, VA 23462 holes 9 holes - $11/$13 Expense: Operating $171,334 (312,565) $194,148 $199,585 $189,550 N/A Red Wing Lake Golf Course Weekday/Weekend: Income 1144 Prosperity Road 18 holes -$30/$35 (Loss) Virginia Beach, VA 23451 176.83 acres/18 9 holes - $16/$20 Notes: Effective January 1, 2011, Virginia Beach will no longer operate municipal golf courses, as no profits holes have been made in several years. In August 2010, the city submitted a Request for Proposal (RFP) to privatize Course Management: all three municipal courses, as well as Va. Beach National Golf Course which is not a municipal course. The Parks & Recreation City also plans to lease Stumpy Lake Golf Course, which is not a municipal course. Although funding noted above reflects profits, there was actually income loss, as Capital Improvement Program funding was transferred back to the General Fund annually for the renovations completed on the Red Wing Lake Golf Course. Transfers included $200K, $260K, $257.5K, $200K & $270.7K for FY 05, FY 06, FY07, FY08, & FY09 respectively. Special Revenue Fund Warren County, Front Royal Golf Course @60 acres - 9 Mon. – Fri.: @6,000 – 8,000 FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 VA purchased in 2004 holes 9 holes - $10 - $18 (Unaudited) 902 Country Club Road 18 holes - $15 - $29 Operating $44,878 $189,555 $207,502 $207,536 $195,638 $238,000 (County purchased Front Royal, VA 22630 (40 additional Revenue: in 2004) acres Weekends/Holidays: Operating $47,186 $224,768 $275,532 $294,498 $301,145 $318,000 Course Management: undeveloped) $25 - $39 Expense: Parks & Recreation: Warren County Operating (2,308) (35,213) (68,030) (86,962) (105,507) (80,000) Income (Course 2,987 yards, par 35) (Loss) Notes: N/A -7-
  • VIRGINIA PUBLIC GOLF COURSES (June 30, 2010) ROANOKE GOLF COURSES GOLF COURSE COURSE MANAGEMENT HOLES/ GREEN FEES #OF ROUNDS PLAYED OPERATIONS INCOME (LOSS) NOTES ACRES ANNUALLY FY 2005 FY 2006 FY 2007 FY 2008 FY 2009 FY 2010 The City City of Salem Salem Municipal Golf Course @ 46 acres/ Weekdays: The course is primarily used provides ongoing 601 Academy Street 9 holes 9 holes - $8.00 by a small clientele of young Operating _ @$18,000 @$17,000 $1,674 A $1,521 A $1,220 A maintenance of (Est. in 1919; City Salem, Virginia 24153 people learning to play golf Revenue: - $18,000 both the grounds bought in @1976) Weekends: or the elderly who cannot Operating _ @$38,056 $16,121 $28,405 $80,343 B $39,003 and clubhouse, & Course Management: 9 holes - $10.00 afford to play at other Expense: (as of it is charged to a Parks & Recreation courses in the community. April separate GL code 2008) under the general Operating _ @(20,000) - (26,731) (78,822) (37,783) heading of Parks Income & Recreation. (Loss) The City leases Notes: Figures are from Finance Director Frank Turk. Course generally experiences the course to an an operating loss. Expenses include grounds maintenance done by Public Works. Due independent to the nature of how the course was donated to the city, the property must be operator who maintained for recreational use. keeps green fees & any other A – The revenue amount represents the amount required under the lease agreement. minimal fees he B - Includes the cost associated with converting the greens back from artificial surface may charge.. to the traditional sand greens of former years. City of Roanoke, Managed by Meadowbrook @140.45 acres/ Weekdays: 2005 2006 2007 FY 2005 FY 2006 FY 2007 Outstanding VA Golf 18 holes 18 holes - $20 - $32 Operating Revenue: $917,839 $912,319 $815,174 balance as of 32,695 31,999 28,118 6/30/10 is Countryside Golf Weekends: Operating Expense: $830,300 $832,446 $772,141 $3,917,031 Course 18 holes - $37 Operating Income $87,539 $79,873 $43,033 (Principal 1 Countryside Road (carts mandatory) (Loss) $2,915,000 and Roanoke, VA 24017 Notes: $4,137,038 acquisition cost Interest $1,002,031.25). (Established 1967; City purchased November 2005) (Course 6,504 yards, par 71) -8-