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Riverview Golf Course Management Services <br />March 3, 2026 <br />Page 7 <br />27/28 <br />$98,340 <br />$48,925 <br />$21,738 <br />$169,003 <br />28/29 <br />$101,290 <br />$50,393 <br />$22,390 <br />$174,073 <br />29/30 <br />$104,328 <br />$51,905 <br />$23,062 <br />$179,295 <br />30/31 <br />$107,458 <br />$53,462 <br />$23,754 <br />$184,674 <br />With the approval of recommended action number two, an appropriation adjustment to <br />provide working capital for the Golf Course Enterprise fund will be as follows: <br />Fiscal <br />Accounting Unit- <br />Fund <br />Accounting Unit, <br />Amount <br />Year <br />Account # <br />Description <br />Account Description <br />FY 25-26 <br />11213200-69135 <br />Golf Course <br />Golf Course Enterprise, <br />$395,000 <br />Enterprise <br />Payment to Subagent <br />Fund <br />The estimated spendable General Fund balance is $11,627,075. <br />The working capital provided by the General Fund will be repaid during the 2026-2027 <br />fiscal year. <br />With the approval of recommended action number three, funds will be budgeted for the <br />remaining two months of the fiscal year (May and June) as follows: <br />Fiscal <br />Accounting Unit- <br />Fund <br />Accounting Unit, <br />Amount <br />Year <br />Account # <br />Description <br />Account Description <br />FY 25-26 <br />11213002-57990 <br />Golf Course <br />Golf Course Revenue, <br />$729,950 <br />Enterprise Fund <br />Miscellaneous Income <br />FY 25-26 <br />11213200-69135 <br />Golf Course <br />Golf Course Enterprise, <br />$594,755 <br />Enterprise Fund <br />Payment to Subagent <br />FY 25-26 <br />11213200-69011 <br />Golf Course <br />Golf Course Enterprise, <br />$135,195 <br />Enterprise Fund <br />Reserve Appropriation <br />CourseCo, Inc. has provided a pro forma budget for FY26-27 of operations with a Net <br />Operating Revenue of $3,689,885 and Operating Expenses Before Capital Improvement <br />of $2,919,316 for a Net Operating Income of $770,569. The Parks, Recreation, and <br />Community Services Agency (PRCSA) in collaboration with the Finance Department also <br />reviewed the financial information of the current operator (River View Golf) and the <br />information provided by CourseCo, Inc. is in line with the City's estimates. CourseCo, <br />Inc.'s annual budget plan may be adjusted quarterly to account for changes that occur <br />during the year, similar to how the City has Quarterly Budget Updates, and as CourseCo, <br />Inc. obtains additional operational information from actually managing the facility. <br />Revenue and appropriations for fiscal year 2026-2027 will be included in the City's annual <br />budget development process. <br />