Laserfiche WebLink
A component of the Strategic Plan for Coal Creek Golf Course is financial sustainability. 2020 has been a challenging year <br />with dramatic increase in demand that is forecasted to continue into 2021. Based upon our 2020 3rd quarter financial <br />position and our 3-year average of negative cash flow over the last quarter, we project a year-end operating surplus of $ <br />273,000. The information below offers insights to demand for golf by specific player and season pass categories. You <br />will also see the current season pass rates and proposed 2021 plan, along with a revised league fee structure. <br />The overriding priority is financial sustainability. Given the COVID impact on our Cities finances, our ability to obtain <br />approval for capital improvements will be more difficult. Our fund balance may become our primary source to fund <br />much -needed enhancements that have been pushed to later dates. <br />The creation of the 2021 pricing structure encapsulates multiple criteria: <br />• Demand <br />• Total revenue generated per round by specific categories of players <br />o Season Pass holders <br />■ Imperial <br />■ Regal <br />■ Monarch <br />■ Preferred <br />■ Preferred plus <br />o Daily Fee players <br />o Golf Outings <br />o Golf Tournaments <br />o League <br />• Cost per round to maintain the golf course and administer operations <br />• The strategic plan for Coal Creek Golf Course <br />• The Enterprise Fund aspects of Coal Creek Golf Course <br />The data within stems from a 1-year period from October 1, 2019 to September 30, 2020. <br />The raw data <br />9% increase in rounds played <br />23% increase in green fees <br />12% increase in annual pass revenue <br />21% increase in total sales <br />10% decrease in playable days <br />General category of player's <br />Imperial <br />Monarch <br />Regal <br />Preferred Plus <br />Preferred <br />Daily Fee <br />of total revenue <br />5.32% <br />3.36% <br />4.77 <br />6.25% <br />5.42 <br />74.88 <br />of total rounds played <br />5.8 <br />4.4 <br />5.7% <br />7.0 <br />6.3 <br />70.8% <br />Currently 2020 discounts off Green fees is $ 3.00 while being exempt from Dynamic pricing. <br />Preferred ($3.00) on 18 hole green fee with NO dynamic pricing increases <br />2020 discounted Weekday green fees range from $ 33 to $ 39 <br />If dynamic pricing was enacted for 2020 the green fee range is $ 30 to $ 52 <br />rN <br />