Golf Course Advisory Board Agenda and Packet 2015 04 20

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SUBJECT: COAL CREEK GOLF COURSE 2015 FEE SCHEDULE DATE: APRIL 20, 2015 PAGE2OF2 • A Corporate Golf Pass Program will be offered. • A new Regal Pass program will be offered. While the program targets senior golfers, during non -peak days, it will also be marketed and available to everyone noting that a number of working schedules are not always traditional and younger adults with or without children, may be struggling to make ends meet, are on a "fixed income" etc., but would clearly love to play more golf. • The rack rate (highest 18 hole green fee) on weekends and holidays will be $49 in 2015. • The highest rack rate on weekdays will be $43 in 2015. • Special programs and season passes have been named after mines that once operated in and /or around Louisville. This pays homage to the history of Coal Creek Golf Course and is consistent with efforts to brand the golf course. • The Parks & Recreation Department will continue to explore, develop and integrate non - traditional golf programs including but not limited to foot golf, interpretive programs, Himalayan golf events, etc. at Coal Creek Golf Course. FISCAL IMPACT: The 2015 adopted Coal Creek Golf Course budget projected total revenue of $2,620,400 inclusive of a general fund transfer of $300,000 to help with the first year operational start -up costs and a $1,196,000 transfer from the Capital Projects Fund for equipment and major capital necessary to re -open and maintain the golf course as authorized and adopted by City Council. This means that Coal Creek will need to generate $1,124,400 in revenue or reduce operating and start -up expenses to cover a projected short -fall in 2015. Staff will continue to monitor the budget, but based on a June 29th 2015 opening date, rounds could be 18% below original projections so both revenue and expenses will need to be reviewed and amended accordingly. RECOMMENDATION: Review and comment on the 2015 Coal Creek Golf Course Fee Schedule is recommended. ATTACHMENT(S): 1. Coal Creek Golf Course 2015 Rates & Fees 10