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Enterprise Fund Budgets <br /> October 22, 2010 <br /> Page 3 <br /> Wages and benefits account for 56% of the golf course budget. Further cuts to the non-wage <br /> budget items will not be realistic. In addition, no equipment has been purchased in recent years. <br /> Eventually we will need to replace equipment at the golf course. <br /> It is likely that funding transfers from the General Fund will continue into the foreseeable future. <br /> One alternative would be to move the golf course into the General Fund. This would allow the <br /> course to be operated as if it were a park. It would no longer be subject to an administrative <br /> charge, insurance costs would be paid out of Central Services, and there would be no transfer <br /> required to cover losses. This idea has been discussed previously, but the change would increase <br /> General Fund expenditures by over 3%. The current General Fund budget is being reduced by <br /> an amount greater than the Golf Course budget. If the change is made in 2011, it can be done <br /> without an overall increase to the General Fund budget. <br /> Staff would like the Council's input into moving changing the accounting for the golf course <br /> from an enterprise fund to a department within the General Fund. <br />