Village Green Golf Course net income still up through July
By Kevin Boneske
HOWARD – The Village Green Golf Course continues to report record total revenue in 2021.
Director of Administrative Services Chris Haltom reported last month Village Green had total revenue of $553,996 through July.
This exceeds the previous best year for the first seven months by more than $131,000 with $422,037 in 2007.
“The golf course is doing excellent,” Haltom said. “A few new amenities were added to the course this year.”
He said the course is in great shape and has experienced excellent weather this year.
“The rounds of golf have gone up quite a bit this year,” Haltom said. “Overall, everything’s gone really well.”
He reported expenses are higher than in previous years, which would be expected, given the cost of operations will increase with more use of the course, and salary costs are higher with more work being done to keep the restaurant and golf course in good shape.
Through July, the total reported expenses were $344,272, more than $42,000 higher than at the same time last year and the highest since 2017.
Haltom said fuel expenses are up with more golf carts being rented, totaling a record $97,236 for cart rentals through July, compared to $69,464 for the same time period last year.
He said golf course expenses are up also up more than $43,000 from the previous year at $212,880.
The report stated revenue from golf course operations accounted for $395,444, while restaurant revenues came to $138,552 through July.
Compared to 2020, total revenue is up more than $140,000 for the same period, with a net income of $198,975.
Haltom said the village’s general fund reported excess revenue over expenditures of more than $1.4 million for the first seven months, compared to $868,902 in 2020 and $932,179 in 2019.
“For some reason, it’s kind of scary to me,” he said. “I’m thinking the numbers should be worse than they are (in the general fund).”
Haltom said general fund revenue was at 70.74% of the budget through July, higher than the past two years, while expenditures were at 54.29%, lower than in 2020 and 2019.
He said Nouryon reduced its donation by $15,000 for park naming rights, and the village’s insurance is paid for the year and below budget.
However, Haltom said the village could have to pay a few deductibles if it has some insurance claims, “otherwise we’re in really good shape as far as wanting to spend, and revenue coming in is ahead of what we were last year.”