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<br />Golf Course Fund
<br />Statement of Revenues, Expenditures and Changes in Fund Balances
<br />For the Sixth Month Ended March 31, 2008 with Comparative Data for the Prior Year
<br />500/0 of Year Lapsed
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<br /> Current Year Prior Year
<br /> Actual Percent of Actual Percent of
<br /> Budget Year to Date Variance Budget Budget Year to Date Budget
<br />Operating Revenues:
<br />User fees $ 1,069,904 $ 494,729 $ (575,175) 46.24% $ 1,103,500 $ 426,194 38.62%
<br />Operating expenses:
<br />Personal services 872,571 416,947 455,624 47.78% 782,814 376,416 48.08%
<br />Supplies 195,815 71,472 124,343 36.50% 186,600 107,211 57.45%
<br />Other services and charges 220,645 75,147 145,498 34.06% 215,418 81,667 37.91%
<br />Total operating expenses 1,289,031 563,566 725,465 43.72% 1,184,832 565,294 47.71%
<br />Operating income (219,127) (68,837) 150,290 (81,332) (139,100)
<br />Nonoperating revenues (expenses):
<br />Interest income 5,527 5,527 0.00% 0.00%
<br />Income before contributions and transfers (219,127) (63,310) 155,817 (81,332) (139,100)
<br />Transfers in 65,585 39,835 (25,750) 60.74% 110,279 65,279 59.19%
<br />Transfers out (29,193) (14,597) 14,596 50.00% (28,947) (14,474) 50.00%
<br />Change in net assets (182,735) (38,072) 144,663 (88,295)
<br />Net assets - beginning of the year 2,861,674 2,861,674 2,951,708 2,951,708
<br />Net assets - end of the year $ 2,678,939 $ 2,823,602 $ 144,663 $ 2,951,708 $ 2,863,413
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