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/ . <br />'• <br />’ i <br />1:*■ '•■ (ft.;.'l. <br />\iS^ <br />"v <br />j.cr- <br />>1'! ' ■ <br />■; »• <br />•»> <br />i-v •■♦ » •• ■ <br />Capital Expenditures-2001 and Beyond <br />August 22, 2000 <br />Page 6 <br />Golf Fund <br />The Golf Fund capital expenditures are focused on equipment replacement. Each year the Golf Fund <br />capital budget includes approximately $20,000 for equipment replacement. The 2001 budget <br />includes $23,000 for the replacement of a fairway mower. Also being considered is the addition of <br />a deck to the clubhouse at a cost of approximately $15,000. <br />4 <br />4 <br />f <br />I <br />!