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`gyp CITY OF ORONO <br /> RESOLUTION OF THE CITY COUNCIL <br /> 1�r G No. 7450 <br /> A RESOLUTION TO ESTABLISH <br /> THE GOLF COURSE ENTERPRISE FUND <br /> WHEREAS,Orono Orchard Golf Course officially opened June 4, 1924 to provide <br /> golfing opportunities for both residents and visitors to the City; and <br /> WHEREAS,the new enterprise fund will allow the City to dedicate, separate, and track <br /> expenses and revenues related to the golf course activity; and <br /> WHEREAS,in accordance with the Minnesota State Auditor guidelines for enterprise <br /> funds, the pricing policies of the golf course establish fees and charges designed to recover its <br /> costs, including capital costs; and <br /> WHEREAS,the fund will be retroactive for the 2023 golf season; <br /> NOW, THEREFORE,BE IT RESOLVED that the Golf Course Enterprise Fund be <br /> created. <br /> ADOPTED this 12th day of February 2024,by the City Council of the City of Orono. <br /> CITY OF ORON <br /> By: <br /> Dennis Walsh, Mayor r <br /> ATTES <br /> OP <br /> Chrii' City Clerk <br />