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HomeMy WebLinkAbout02-03-1988 Meeting OUTLINE OF PACKET MATERIAL FOR FEBRUARY 3, 1988 MEETING OF GOLF COURSE ADVISORY BOARD I. Recommended Rate Structure II. Revenue Projections III. Six Year Revenue Projections IV. Five Year 0 & M Projections V. Schedule of Bonds and Interest Payable IV. Revenues, Debt Service and Operations and Maintenance Graph r1 U RECOMMENDED RATE STRUCTURE BAY FOREST GOLF COURSE ~J LA PORTE, TEXAS GREEN FEES $ 9.00 WEEK-DAY $12.00 WEEK-END We are recommending the above GREEN FEE rates because we feel they will be competitive with area Municipal Golf Courses. The rates are higher, simply because our facility will warrant them and we will be setting a new standard for Southern Texas Municipal Golf courses. Our higher standard will emphasize automatic watering system, concrete cart paths, club house facilities, location, maintenance facilities, and an overall well conditioned golf course. TWILITE GREEN FEES $ 5.00 This is a discounted rate which most Municipal Golf Courses offer • approximately two and one half hours before dark to accormodate players who prefer to play only nine holes or don't have time for eighteen holes. These are fees offered at some Municipal Golf Courses to generate revenue and accommodate local avid golfers. Our feeling on this subject is open the golf course for a period of tirne and then consider our need of a rate of this nature. There are some advantages and disadvantages. An advantage is this will create fast bulk revenue. Another advantage is that a player who accepts this offer will primarily play at our golf course which creates revenue by other means such as cart fees, food and beverage and etc. The disadvantages concerning annual rates would be that a player may take advantage of this rate to average his or her green fees well below our normal green fees. Another disadvantage of annual rates would include players not accepting restriction of play for certain reasons such as tournaments, league play, necessary maintenance, and • weather. All of these things should be weighed before adopting or not adopting an annual rate. Bay Forest Golf Course Rate Structure Page 2 SENIOR GREEN FEES $ 4.50 - 65 Years and up Week-days only This is a rate discounted to Senior Citizens on week days only. Most Municipal golf courses use them. We feel our recommended rate is competitive with area Municipal golf courses. $ 1.00 - On all green fees excluding Twilite We feel this discount rate should be adopted for our residents and tax payers. This discount will help keep our local players at Bay Forest Golf Course. A system for proof of residence will be developed in the near future. CART RATES $14.00 - 18 HOLES - Single or Double $ 8.00 - g HOLES - Single or Double L,Ie recommend these rates because they are consistant with our higher standard facility and are still competitive with other Municipal golf courses. We will weigh an idea of single cart rates for Twilite green fee players after we open. By offering no single rate we will encourage twosome & foursome. By this we mean we could consolidate players into foursomes and the pace of play would be more consistent. PRIVATE CARTS We recommend that we should not Golf Course. Doing this will serve cart paths investment. permit private carts at Bay Forest more justice to our cart fleet and Two major disadvantages of private carts are liability and marshalling. We would not know the condition of these carts, therefore we would not know the hazards and risks involved. Marshalling would become a nightmare for the Pro Shop staff. It would be extremely difficult to keep up with each private cart. 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N1 r r r l ~t _1 J T Hr » ± (n a a u_ ~, W q W ...1 J tY ul n r. nY r- a c.J to fl. V nl r C`-1 1'-. hl "!7 2' LL ~.II ur <<1 (~ 1,1 111 Z CJ NI r r rl .J l7 ,~ O: v > u. LLI tJ i Z Z •L -~1 fY W W IU J F- W IV W v N 1. '1J 1- •ll J H rc \ rr \ J Ilr rY > lu In ca ..n ~..-C J l7 r 17 r Q N .ti ¢ wJ • 111 J JI I`I :U 3 > '.u p ul 2 ui 1- .-~u_ >u. n u 1- Q-- L z w t w ul J1 .; <n ~ v: Y Cn p u w ~ fY ~) .o c) ;o ~ H V 'L ~n v ~C ~Il 1- ¢ ]L rn n Y F- r ' rY (Y rC 1- ~ ~ M ' 111 I 111 a ;Y f- IL - 111 ~-r Q: 4 111 I11 •,1 cn n rr ~il ,r ul n' •C O rc w ~ 111 ~ ¢ ~ > > > i r l n ~ c- , ~ -r, I u H N 3 .3 u a 4 .J: _~ ~ ) j ) ~ ) ) ) ) ) ~ ~ ) ) ~ ~ 1 ) ) ~ C BAY FOREST GOLF COURSE SIX YEAR REVENUE PROJECTIONS FY 88-8g THRU FY 93-94 AVERAGE REV. PROJECTED PROJECTED PER ROUND ROUNDS REVENUE FY 1988-89 14.31 40,000 $ 572,400.00 FY 1989-90 14.31 44,000 629,640.00 FY 1990-91 14.31 46,500 665,415.00 FY 1991-92 14.31 50,000 715,500.00 FY 1992-93 14.31 55,000 787,050.00 FY 1993-94 14.31 60,000 858,600.00 NOTE: 1. Projections on revenues are based on green fees at recommended rates and no increases. 2. Rounds increase as shown. • • • PAYROLL (Full time) (Part time) FERTILIZER/CHEM./MATERIALS SUPPLIES/PARTS/ BUILDING MAINTENANCE FUEL/UTILITIES UNIFORMS/EXPENSES BENEFIT PACKAGE FOR EMPLOYEES (30~ FULL TIME ~MPLOYEES ONLY) TOTALS BAY FOREST GOLF COURSE FIVE YEAR 0 & M PROJECTIONS FY 88-8g FY 89-90 FY 90-91 FY 91-92 FY 92-93 $161,200 $161,200 $161,200 $161,200 $161,200 32,300 32,300 32,300 32,300 32,300 53,600 48,000 45,000 45,000 45,000 14,200 14,900 15,000 15,000 15,000 35,400 35,400 35,400 35,400 35,400 5,600 5,750 5,900 6,050 6,200 48,360 48,360 48,360 48,360 48,360 $350,660 $345,910 $343,160 $343,250 $343,460 • w •.. 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