Neighbor News
Herschlag: Who's Really Paying For the City's Golf Clubhouse
In addition to day to day operating costs, bonded golf course expenses are split between three capital improvement program accounts.
The following is listed in the Capital Improvement Program (CIP) from the city’s 2020 Budget.
The CIP is part of the city’s budget and anticipates for ten years the cost and funding sources for city projects.
It is important to understand there are three different items in the CIP listed for the golf course. They are items #107, #235 and #530. Day to day operating expenses for the golf course are not included in these items.
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Item #107 is for expenses related to the clubhouse and maintenance buildings.
Item #235 is for ground improvements and
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Item 530 is for golf course equipment.
Each item lists the anticipated expenses for the period from 2020-2029 from the CIP.
There are a number of accounts that expenses would be paid from. I am only listing bonds that are paid for by golf course revenues (Golf GO Bonds) and bonds paid for by property tax dollars, General Obligation Bonds (GO Bonds).
General Obligation Bonds are anticipated to be paid from your property taxes, although other funding sources can be used.
Golf Course General Obligation Bonds are anticipated to be paid from revenues raised by the golf course.
Here are the anticipated expenses as listed in the CIP for the golf course from 2020 - 2029:
CIP Item #107 - Clubhouse and maintenance buildings
*It is important to note these costs were complied at a time when costs associated with a new clubhouse were estimated to be $2,950,000, not the place holder for $4.5 million or the most recent estimate of $10.8 million
Total anticipated expenses - $3,420,000
GO Bonds - $3,325,000
Golf GO Bonds - $90,000
CIP Item #235 - Grounds improvements
Total - $1,955,000
GO Bonds - $1,500,000
Golf GO Bonds - $455,000
CIP Item #530 - Golf Course equipment
Total - $478,137
Golf GO Bonds - $478,137
How it adds up
Total anticipated golf course bonding from 2020 - 2029 - $5,853,137
Total anticipated contributions from golf course revenues - $1,023,137
Total anticipated golf course expenses to be paid from General Obligation Bonds, your tax dollars - $4,830,000 or 83% for golf course expenses as detailed in the CIP from the city’s 2020 budget.
From the City’s 2024 Budget
This is a summary from the 2024 city budget’s CIP for years 2024 - 2033 for anticipated golf course bonded expenses for Items # 107, #235 and #530.
* This summary does includes the $4,500,000 place holder for construction of the new clubhouse, but not the most recent $10.8 cost estimate.
Total anticipated golf course bonding from 2024 - 2033 - $7,159,398
Total anticipated contributions from golf course revenues - $1,548,000
Total anticipated golf course expenses to be paid from General Obligation Bonds, your tax dollars - $5,611,398 or 79% for golf course expenses as detailed in the CIP from the city’s 2024 budget.
