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