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SUBJECT: 2018 RECOMMENDED BUDGET AND 2018-2021 LONG-TERM PLAN <br />DATE: SEPTEMBER 26, 2017 <br />PAGE 19 OF 24 <br />i oc wxi <br />6,0110,1300 <br />5,004.D40 <br />4,000,000 <br />3,044,000 <br />2.000.000 <br />1 <br />v <br />Golf Course Fund <br />! Y <br />-11 <br />11 <br />, Rfg,v 1 1 1 1 <br />2005 2006 2047 2008' 2009 2010 2011 2012 2013 2014 2015 2016 2011 2018 2019 2020 2021 <br />Revenue - Erpend itures ■ Wnrlang Capital <br />Effective April 1, 2010, the City entered into a license agreement with Western Golf <br />Properties. Under this agreement, all operational revenue and expenses were <br />accounted for by Western Golf Properties. Other than capital outlay, the only expenses <br />recorded by the City were loan repayments to the Wastewater Utility fund. The only <br />revenue recorded by the City was license payments from Western Golf Properties. <br />The revenue and expense spikes in 2014 reflect the flood reconstruction efforts and the <br />related grants. The City reassumed operations at the golf course in mid -2015. <br />The revenue and expenses in 2015-2016 are significantly higher than 2017-2018 due to <br />transfers -in from the General Fund and Capital Projects Fund and transfers -out to the <br />Wastewater Utility Fund. <br />CITY COUNCIL COMMUNICATION <br />20 <br />