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COUNCIL MEETING 7 <br />TO: City Council <br />FROM: Joan Lattin, Assistant Finance Director <br />DATE: January 3, 1985 <br />suBJECT: Golf Course Revenues and Expenditures <br />JaN -/! , i9fr <br />CITY OF ORONO <br />The following is a recap of revenues, expenditures and ticket <br />prices <br />for the years <br />1980 thru 1984: <br />1980 <br />1981 <br />1982 <br />1983 <br />Revenues <br />$57,042.94 <br />$68,527.43 <br />$79,098.26 <br />$78,316.56 <br />Expenditures <br />59,678.88 <br />61,396.28 <br />68,323.40 <br />71,563.56 <br />Net Income <br />(2,635.94) <br />7,131.15 <br />10,774.86 <br />6,753.00 <br />(Loss) <br />TICKETS <br />1984 <br />$80,306.62 <br />71,693.91 <br />8,612.71 <br />1 <br />1 <br />1 <br />1 <br />1980 <br />1981 <br />Increase <br />1962 <br />increa! <br />Increase <br />1964 <br />increase <br />1st Round Tkt <br />$ 3.75 <br />S 4.30 <br />15% <br />S 4.50 <br />5% <br />5.51 <br />S 5.99 <br />5.2% <br />2nd Round Tkt <br />2.25 <br />2.55 <br />13% <br />2.75 <br />81 <br />Y <br />1.8% <br />2.60 <br />Son Citizen <br />2.75 <br />2.89 <br />1.5% <br />3.00 <br />71 <br />3.05 <br />1.61 <br />3.25 <br />6.21 <br />13 Round <br />35.00 <br />40.25 <br />151 <br />42.50 <br />61 <br />42.50 <br />45.99 <br />5.8% <br />Week Day Rate <br />3.75 <br />4.90 <br />6.6% <br />League Rate <br />4.25 <br />The net income increased $1,859.71 from 1983 and the <br />expenditures increased $130.41. <br />1984 was the first year we offered a league rate and also the <br />first full season we offered our week -day rate. This promotion <br />netted the course 642 additional rounds of golf in 1984. We are <br />hopeful that this will attract more league play in 1965. <br />I <br />