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Riverview Golf Course Management Services <br /> March 3, 2026 <br /> Page 7 <br /> 27/28 $98,340 $48,925 $21,738 $169,003 <br /> 28/29 $101,290 $50,393 $22,390 $174,073 <br /> 29/30 $104,328 $51,905 $23,062 $179,295 <br /> 30/31 $107,458 $53,462 $23,754 $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 Accounting Unit- Fund Accounting Unit, Amount <br /> Year Account# Description Account Description <br /> FY 25-26 11213200-69135 Golf Course Golf Course Enterprise, $395,000 <br /> Enterprise 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 Accounting Unit- Fund Accounting Unit, Amount <br /> Year Account# Description Account Description <br /> FY 25-26 11213002-57990 Golf Course Golf Course Revenue, $729,950 <br /> Enterprise Fund Miscellaneous Income <br /> FY 25-26 11213200-69135 Golf Course Golf Course Enterprise, $594,755 <br /> Enterprise Fund Payment to Subagent <br /> FY 25-26 11213200-69011 Golf Course Golf Course Enterprise, $135,195 <br /> Enterprise Fund 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 /> City Council 16 — 7 3/3/2026 <br />