Fort Walton Beach Council agenda — 06-17-08 special agenda — reading text

rental became mandatory during certain times, and twilight fees were increased. 3. In May 2007 City Council canceled the fee increases scheduled to take effect June 1, 2007 per the multi -year rate plan adopted in April 2006. It had been the consensus of City Council at the May Budget Policy Meeting that it was in the best interest of the Golf Club to not increase fees as scheduled. 4. In September 2007 City Council revised the fee schedule to decrease the County member rates add an to the City member rates, add a six -month membership, add a member play card, unlimited rounds ( excludingcart) non -member play card, add bulk purchase for condo /rental agencies, and add a 9 -hole twilight rate. nicri mozinn 1. The City' s auditors have commented in the last three years' audits about the Golf Fund' s cash flow deficits and deficit unrestricted net assets. 2. Per the adopted Comprehensive Fee Schedule, rate increases at the golf club were to take effect June 1, 2008 based on the rate structure adopted in April 2006 along with relative increases for the new categories adopted in September 2007. Rates have not yet been adjusted, pending the outcome of this Golf Fund Meeting. 3. Annual rate increases have been in place for many years for water and sewer rates, another enterprise fund activity. 4. Annual rate increases are critical to ensuring revenues keep pace with the inflationary costs of operations and provide funding for capital needs. 5. Over $ 1. 6M in capital needs ( cart paths, bulkheads, irrigation, pond liner, storage bldg) have been identified for the next five years. Policy Impact 1. Green fees and cart fees are generally scheduled to increase 10% on June 1, 2008. This is because the rate plan adopted in April 2006 scheduled 5% annual increases and the June 1, 2007 increase was not implemented. 2. The following rate increases, not an all- inclusive list, are scheduled effective June 1, 2008: a. 12 -month membership ( City or County resident): 43% or $ 150 increase to $ 500 per year b. Member 18 -hole green fee: 10% or $ 1. 55 increase to $ 16. 55 per round c. Member 18 -hole cart fee: 10% or $ 1. 20 increase to $ 12. 70 per round d. Non -member 18 -hole green fee: 10% or $ 2. 60 increase to $ 27. 60 per round e. Non -member 18 -hole cart fee: 10% or $ 1. 55 increase to $ 16. 55 per round 3. The proposed rates are consistent with rates at other courses ( see chart on next page). Pape 22 of 59 22 of 23 Golf Fund Meeting Local Courses FWB - 06/ 01/ 08 Plan Shalimar Pointe Indian Bayou Tiger Point Adara Initiation Fee n/ a Single - $ 500 n/ a Single - $ 1000 Single - $ 1500 Family - $ 1000 Family - $ 1500 Family - $ 2000 Membership Single - $ 500 /yr w/ Single - $ 185/ mo Single - $ 2500 /yr Single - $ 199/ mo Single - $ 120 /mo 16. 55 green fee incl. green fee incl. green fees incl. green fee Couple - $ 3000 /yr Single + 1 - $ 750 /yr Family - $ 235/ mo Family - $ 259/ mo Family - $ 170 /mo Family - $ 3250/ yr w/ $ 16. 55 green fee incl. green fee incl. green fees incl. green fee OtherOther n/n/ aa SingleSingle -$ -$ 18001800 / / yryr cartcart planplan FamilyFamily -$ -$ 2160/2160/ yryr cartcart planplan 1818- - HoleHole ww/ / CartCart 44.44. 1515 59.59. 0000 79.79. 0000 52.52. 0000 49. 00 99- - HoleHole ww/ / CartCart 30.30. 9090 30.30. 0000 40. 00 27.27. 0000 41. 00 1818- - HoleHole WalkingWalking 27.27. 6060 n/n/ aa n/n/ aa n/ a 34. 00 99- - HoleHole WalkingWalking 19.19. 8585 n/n/ aa n/ a n/ a 30. 00 Benchmark Cities FWBFWB - - 06/06/ 01/01/ 0808 PlanPlan Jacksonville Jacksonville New Smyrna Tarpon Springs Winter Haven BeachBeach Beach summer fees) InitiationInitiation FeeFee n/n/ aa n/n/ aa 500 /person unknown, awaiting n/ a responseresponse MembershipMembership SingleSingle -$ -$ 500500 / / yryr w/w/ n/n/ aa SingleSingle -$ -$ 732.732. 29/29/ yryr unknown, awaiting Single - $ 1005 /yr 16.16. 5555 greengreen feefee w/w/$ $ 22 greengreen feefee response incl. green fees 10% off cart fee SingleSingle + + 11- -$$ 750750 / / yryr Family - w/w/$ $ 16.16. 5555 greengreen feefee 1060. 39/ yr w/ $ 2 Family - $ 1825/ yr green fee incl. green fees + 10% off cart fees Non -resident fees are higher Residents receive 20% discount off membership fees OtherOther n/n/ aa 1515/ / yryr cardcard forfor n/ a n/ a Single - $ 400 /yr utilitiesutilities customerscustomers golf pass & entitiesentities discountdiscount 850 /yr cart pass dependingdepending onon timetime Family - $ 600 /yr