UCCF 12/3/15: 2016 Golf Budget

2015-937: Approving the operational budget for golf course operational expenses for the period of January 1, 2016 through December 31, 2016 in the amount of $4,337,887.
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Of course Kemper will be making much more than $98,000 off of this. Just last meeting we had:

2015-872: Authorizing the County Manager to issue the incentive fee payment in the amount of $134,000 to Kemper Sports Management as per the terms of the Management Agreement for the period of January 1, 2014 through November 16,2014.

The prior budget was for 13-1/2 months:

2014-882: Approving the operational budget for golf course operations for Kemper Sports Management, for the period of November 17, 2014 through December 31, 2015 in the amount of $4,528,207.

After adjusting for the period difference this means that the golf operating budget increases by 7.8% for 2016 and, of course, excludes the millions spent on Armando Sanchez‘ salary and benefits, capital improvements (including over $1 million for a new cart path), and debt service on the Galloping Hill Superadequacy.

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